PowerShares ETFs

PSJ - PowerShares Dynamic Software Portfolio

Equity - Sector Equity

Product Details

The PowerShares Dynamic Software Portfolio (Fund) is based on the Dynamic Software IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US software companies. These are companies that are principally engaged in the research, design, production or distribution of products or processes that relate to software applications and systems and information-based services. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

as of 04/30/2016

Morningstar Rating

Overall Rating - ETF Technology Category

As of 04/30/2016 the Fund had an overall rating of 4 stars out of 27 funds and was rated 3 stars out of 27 funds, 3 stars out of 22 funds and 4 stars out of 14 funds for the 3-, 5- and 10- year periods, respectively.

Morningstar details

Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effect of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable. ©2016 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. A fund is eligible for a Morningstar Rating three years after inception. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Ratings for other share classes may differ due to different performance characteristics.

as of 04/30/2016 03/31/2016

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Dynamic Software Intellidex Index -0.07 1.81 12.56 9.95 9.66 10.81
S&P Software & Services Index 2.03 18.77 17.54 15.85 10.30 10.40
Dynamic Software Intellidex Index 0.05 0.24 12.73 9.76 9.34 10.73
S&P Software & Services Index -1.17 11.15 15.58 14.39 10.20 10.00
Fund History (%)
Fund NAV -0.24 1.07 11.76 9.21 8.97 10.11
After Tax Held -0.24 1.04 11.74 9.20 8.96 10.11
After Tax Sold -0.13 0.64 9.19 7.29 7.37 8.42
Fund Market Price -0.45 0.86 11.71 9.16 8.97 10.10
Fund NAV -0.17 -0.50 11.94 9.02 8.66 10.04
After Tax Held -0.17 -0.53 11.91 9.01 8.65 10.03
After Tax Sold -0.09 -0.25 9.33 7.13 7.10 8.36
Fund Market Price -0.28 -0.50 12.00 9.02 8.65 10.03

Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. Fund performance reflects fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.


as of 03/31/2016

Growth of $10,000

Data beginning 10 years prior to the ending date of 03/31/2016. Fund performance shown at NAV.

An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

as of 05/23/2016

Market Cap & Style Allocations

Large-Cap Value -
Large-Cap Blend 4.48%
Large-Cap Growth 26.19%
Mid-Cap Value -
Mid-Cap Blend 7.29%
Mid-Cap Growth 24.02%
Small-Cap Value -
Small-Cap Blend 6.74%
Small-Cap Growth 31.27%

as of 05/23/2016 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
ATVI Activision Blizzard Inc 5.44
CRM salesforce.com Inc 5.39
CTXS Citrix Systems Inc 5.37
EA Electronic Arts Inc 5.22
ADBE Adobe Systems Inc 5.13
INTU Intuit Inc 5.02
DOX Amdocs Ltd 4.50
MSFT Microsoft Corp 4.48
SAAS inContact Inc 3.86
EBIX Ebix Inc 3.26

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
03/18/2016 03/22/2016 03/31/2016 - - - - -
12/18/2015 12/22/2015 12/31/2015 - - - - -
09/18/2015 09/22/2015 09/30/2015 - - - - -
06/19/2015 06/23/2015 06/30/2015 0.06158 0.06158 - - -
03/20/2015 03/24/2015 03/31/2015 - - - - -
12/19/2014 12/23/2014 12/31/2014 0.03923 0.03923 - - -
09/20/2013 09/24/2013 09/30/2013 0.00000 0.00000 - - -
06/21/2013 06/25/2013 06/28/2013 0.00000 0.00000 - - -
03/15/2013 03/19/2013 03/28/2013 0.00000 0.00000 - - -
12/21/2012 12/26/2012 12/31/2012 0.00000 0.00000 - - -
09/21/2012 09/25/2012 09/28/2012 0.00000 0.00000 - - -
06/15/2012 06/19/2012 06/29/2012 0.00000 0.00000 - - -
03/16/2012 03/20/2012 03/30/2012 0.00000 0.00000 - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
03/31/2016 61 8 0 0 0 0 0
12/31/2015 64 48 0 0 0 0 0
09/30/2015 64 32 1 0 0 0 0
06/30/2015 63 39 0 0 0 0 0
Year Ended 2015 252 146 2 0 0 0 0
    Bid/Ask Midpoint Below NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
03/31/2016 61 52 1 0 0 0 0
12/31/2015 64 15 0 1 0 0 0
09/30/2015 64 31 0 0 0 0 0
06/30/2015 63 24 0 0 0 0 0
Year Ended 2015 252 102 0 1 1 0 0

Fund Inception: 06/23/2005

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.


 Risk & Other Information

Typically, security classifications used in calculating allocation tables are as of the last trading day of the previous month.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund’s return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.

Investments focused in a particular industry, such as software, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

The fund may engage in frequent trading of its portfolio securities in connection with the rebalancing or adjustment of the Underlying Index.

Stocks of small and mid-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.

The Fund is non-diversified and may experience greater volatility than a more diversified investment.

The S&P Composite 1500® Software & Services (S&P Software & Services) Index consists of all software and services stocks included in the S&P Composite 1500® Index.

The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.

The Intellidex Indexes are trademarks of NYSE Euronext or its affiliates and are licensed for use by Invesco PowerShares Capital Management LLC in connection with the PowerShares Intellidex investment products. The products are not sponsored or endorsed by NYSE Arca, and NYSE Arca makes no warranty or representation as to the accuracy and/or completeness of the Indexes or results to be obtained by any person from use of the Indexes or the trading of the products.

Beta is a measure of risk representing how a security is expected to respond to general market movements. Smart Beta represents an alternative and selection index based methodology that seeks to outperform a benchmark or reduce portfolio risk, or both. Smart beta funds may underperform cap-weighted benchmarks and increase portfolio risk.

as of 05/24/2016
3:41 PM EST

PSJ
Intraday Stats

  • Last Trade $44.08
  • Current IIV $44.15
  • Change $0.99
  • % Change 2.30%
as of 05/23/2016
  • NAV at market close $43.11
as of 05/23/2016

Fund Yield

  • SEC 30 Day Yield 0.01%
  • 12 Month Distribution Rate 0.14%
  • 30-Day SEC Unsubsidized Yield
    as of 05/23/2016
    -0.05%
as of 05/23/2016

Prior Close

  • Closing Price $43.09
  • Bid/Ask Midpoint $43.09
  • Bid/Ask Prem/Disc -$0.02
  • Bid/Ask Prem/Disc -0.05%
as of 03/31/2016

Fund Characteristics

  • Price/Earnings Ratio1 26.89
  • Price/Book Ratio1 5.13
  • ROE2 11.44%
  • Avg Market Cap2 $33,474MM

1 Weighted Harmonic Average

2 Weighted Average

Fund Details

  • Fund Ticker PSJ
  • CUSIP # 73935X773
  • ISIN US73935X7738
  • Intraday NAV PSJIV
  • Index Ticker DZCTR
  • Index Provider NYSE Arca
  • Management Fee 0.50%
  • Total Expense Ratio 0.71%
  • Fee Waiver 0.08%
  • Net Expense Ratio 0.63%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NYSE Arca
  • Inception Date 06/23/2005
  • # of Holdings 30
    as of 05/23/2016
as of 05/24/2016

Quick Facts

  • Previous Close $43.09
  • Open $43.42
  • Today's High $44.13
  • Today's Low $43.42
  • Today's Volume 5,708
  • 52 Week High $45.16
  • 52 Week Low $25.82
  • Shares Outstanding 1.75MM
  • Market Value $75.4MM