PowerShares ETFs

PSP - PowerShares Global Listed Private Equity Portfolio

Alternative - Private Equity

Product Details

The PowerShares Global Listed Private Equity Portfolio (Fund) is based on the Red Rocks Global Listed Private Equity Index (Index). The Fund will normally invest at least 90% of its total assets in securities, which may include American depository receipts and global depository receipts, that comprise the Index. The Index includes securities, ADRs and GDRs of 40 to 75 private equity companies, including business development companies (BDCs), master limited partnerships (MLPs) and other vehicles whose principal business is to invest in, lend capital to or provide services to privately held companies (collectively, listed private equity companies). The Fund and the Index are rebalanced and reconstituted quarterly.

as of 06/30/2015 06/30/2015

Performance


   
as of 06/30/2015 06/30/2015
  YTD 1 Year 3 Year 5 Year 10 Year Fund Inception
Index History (%)
Red Rocks Global Listed Private Equity Index 11.20 3.90 21.14 16.93 N/A N/A
Fund History (%)
Fund NAV 10.75 2.61 19.77 15.11 N/A -2.53
After Tax Held 8.32 -0.63 15.98 12.28 N/A -4.30
After Tax Sold 6.08 1.85 14.05 11.00 N/A -2.35
Fund Market Price 11.44 2.47 19.78 15.24 N/A -2.52

Monthly Performance

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 06/30/2015

Growth of $10,000

Data beginning Fund inception and ending 06/30/2015. Fund performance shown at NAV.

Red Rocks Global Listed Private Equity Index* performance prior to 9/30/2009 reflects that of the original Underlying Index Red Rocks Capital Listed Private Equity Index. From 9/30/2009, forward, the Index performance reflects that of the Underlying Index Red Rocks Global Listed Private Equity Index AND IS NOT INTENDED FOR ANY THIRD PARTY USE.

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 09/03/2015

Sector Allocation

as of 09/03/2015

Top Country Allocation

as of 09/02/2015

Market Cap & Style Allocations

Large-Cap Value 0.46%
Large-Cap Blend 4.82%
Large-Cap Growth 7.25%
Mid-Cap Value 8.81%
Mid-Cap Blend 33.18%
Mid-Cap Growth 19.30%
Small-Cap Value 19.47%
Small-Cap Blend 6.05%
Small-Cap Growth 0.65%

as of 09/03/2015 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
OCX Onex Corp 5.82
PGHN SW Partners Group Holding AG 5.52
III LN 3i Group PLC 5.36
CITI KKR & CO TRS 10/31/13 4.22
CITI BLACKSTONE TRS 10-31-13 ASSET LG 4.01
BAT Brait SE 3.89
MRO LN Melrose Industries PLC 3.88
RF FP Eurazeo SA 3.56
MF FP Wendel SA 3.42
LUK Leucadia National Corp 3.36

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
06/19/2015 06/23/2015 06/30/2015 0.41315 0.41315 - - -
03/20/2015 03/24/2015 03/31/2015 0.19715 0.19715 - - -
12/19/2014 12/23/2014 12/31/2014 0.25994 0.25994 - - -
09/19/2014 09/23/2014 09/30/2014 0.12079 0.12079 - - -
06/20/2014 06/24/2014 06/30/2014 0.01800 0.01800 - - -
03/21/2014 03/25/2014 03/31/2014 0.14347 0.14347 - - -
12/20/2013 12/24/2013 12/31/2013 0.62315 0.62315 - - -
09/20/2013 09/24/2013 09/30/2013 0.56828 0.56828 - - -
06/21/2013 06/25/2013 06/28/2013 0.33404 0.33404 - - -
03/15/2013 03/19/2013 03/28/2013 0.10566 0.10566 - - -
12/21/2012 12/26/2012 12/31/2012 0.19501 0.19501 - - -
09/21/2012 09/25/2012 09/28/2012 0.09640 0.09640 - - -
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 - - -
09/16/2011 09/20/2011 09/30/2011 0.05146 0.05146 - - -
06/17/2011 06/21/2011 06/30/2011 0.57752 0.57752 - - -
12/17/2010 12/21/2010 12/31/2010 0.38070 0.38070 - - -
09/17/2010 09/21/2010 09/30/2010 0.04618 0.04618 - - -
06/18/2010 06/22/2010 06/30/2010 0.11570 0.11570 - - -
12/18/2009 12/22/2009 12/31/2009 0.15513 0.15513 - - -
09/18/2009 09/22/2009 09/30/2009 0.09489 0.09489 - - -
06/19/2009 06/23/2009 06/30/2009 0.03040 0.03040 - - -
03/20/2009 03/24/2009 03/31/2009 0.02272 0.02272 - - -
12/19/2008 12/23/2008 12/31/2008 0.28932 0.28932 - - -
09/19/2008 09/23/2008 09/30/2008 0.37277 0.37277 - - -
06/20/2008 06/24/2008 06/30/2008 0.18833 0.18833 - - -
03/20/2008 03/25/2008 03/31/2008 0.23844 0.23844 - - -
12/21/2007 12/26/2007 12/31/2007 0.54101 0.54101 - - -
09/21/2007 09/25/2007 09/28/2007 0.11266 0.11266 - - -
06/15/2007 06/19/2007 06/29/2007 0.21792 0.21792 - - -
03/16/2007 03/20/2007 03/30/2007 0.07235 0.07235 - - -
12/15/2006 12/19/2006 12/29/2006 0.26528 0.26528 - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV Bid/Ask Midpoint Below NAV
Quarter
Ending
Days 0.50-
0.99%
1.00-
1.99%
>2.00% 0.50-
0.99%
1.00-
1.99%
>2.00%
06/30/2015 63 1 0 0 0 0 0
03/31/2015 61 2 0 0 9 0 0
12/31/2014 64 3 0 0 10 1 0
09/30/2014 64 0 0 0 3 0 0
Year Ended 2014 252 40 0 0 15 1 0

Fund Inception: 10/24/2006

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.

There are certain risks inherent in investing in listed private equity companies, which encompass BDCs and other financial institutions or vehicles whose principal business is to invest in and lend capital to, or provide services to privately held companies. Generally, little public information exists for private and thinly traded companies, and there is a risk that investors may not be able to make a fully informed investment decision or that the issuer may default on its payments or declare bankruptcy. BDCs generally invest in less mature private companies, which involve greater risk than well-established, publicly-traded companies.

A significant portion of the Underlying Index is composed of BDCs or other investment companies. The Fund may not acquire greater than 3% of the total outstanding shares of such companies. As a result, the Fund would be required to use sampling techniques, which could increase the risk of tracking error.

An MLP is an entity classified as a partnership under the Internal Revenue Code, and whose partnership interests or “units” are traded on exchanges like common stock. Investments in MLPs units are subject to risks inherent in the MLP’s structure, including tax and management risks.

The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.

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.

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

The Global Listed Private EquitySM Index includes between 40 and 60 publicly listed private equity companies, including business development companies and other financial institutions or vehicles whose principal business is to invest in and lend capital to privately held companies.

The Red Rocks Capital Listed Private Equity Index is comprised of 25 to 40 public companies which invest in, lend capital to, or provide services to privately held businesses. The Index represents a means of diversified exposure to private equity firms, as well as the consolidated exposure of the underlying portfolio investments.

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 product is not sponsored, endorsed, sold or promoted by Red Rocks Capital LLC, and Red Rocks makes no representation regarding the advisability of investing in this fund.

as of 09/04/2015
4:00 PM EST

PSP
Intraday Stats

  • Last Trade $10.76
  • Current IIV $10.78
  • Change -$0.14
  • % Change -1.28%
as of 09/03/2015
  • NAV at market close $10.92
as of 09/03/2015

Fund Yield

  • SEC 30 Day Yield 3.31%
  • Distribution Rate 15.13%
  • 30-Day SEC Unsubsidized Yield
    as of 09/03/2015
    3.29%
as of 09/03/2015

Prior Close

  • Closing Price $10.90
  • Bid/Ask Midpoint $10.90
  • Bid/Ask Prem/Disc -$0.02
  • Bid/Ask Prem/Disc -0.18%
as of 06/30/2015

Fund Characteristics

  • Price/Earnings Ratio1 26.09
  • Price/Book Ratio1 1.89
  • ROE2 4.35%
  • Avg Market Cap2 $4,056MM

1 Weighted Harmonic Average

2 Weighted Average

Fund Details

  • Fund Ticker PSP
  • CUSIP # 73935X195
  • ISIN US73935X1954
  • Intraday NAV PSPIV
  • Index Ticker GLPEXUTR
  • Index Provider Red Rocks Capital LLC
  • Management Fee 0.50%
  • Acquired Fund Fees & Expenses 1.45%
  • Total Expense Ratio 2.11%
  • Fee Waiver 0.02%
  • Net Expense Ratio 2.09%
  • Marginable Yes
  • Short Selling Yes
  • Options Yes
  • Exchange NYSE Arca
  • Inception Date 10/24/2006
  • # of Holdings 62
    as of 09/03/2015
as of 09/04/2015

Quick Facts

  • Previous Close $10.90
  • Open $10.75
  • Today's High $10.79
  • Today's Low $10.69
  • Today's Volume 105,669
  • 52 Week High $12.41
  • 52 Week Low $9.01
  • Shares Outstanding 40.25MM
  • Market Value $439.5MM