PowerShares ETFs

SPVM - PowerShares S&P 500 Value With Momentum Portfolio

Equity - US Equity

Product Details

The PowerShares S&P 500 Value With Momentum Portfolio (the “Fund”) is based on the S&P 500® High Momentum Value Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index tracks the performance of stocks in the S&P 500® Index that have the highest value and momentum score. Constituents are selected through a two-step process: first, the 200 stocks with the highest value scores; second, 100 securities with the highest positive momentum scores. The Fund and the Index are rebalanced and reconstituted semi-annually.

SPVM: Value strategy with a momentum overlay

as of 12/31/2017

Factor DNATM

Financial Professionals - Log in to view the fund’s Factor DNATM chart

Methodology

Factor scores are calculated for every stock within the starting universe, Russell 3000 Index and Russell Global ex-US Index. Factor scores are normalized using z-scores with a mean of zero and a standard deviation of one. A normalized score is then calculated for both the fund and index shown based on the weighted average normalized scores of their underlying stocks. The Factor DNATM chart plots the difference in the fund's normalized score for each factor, in standard deviations, relative to the index shown with a range of -1.5 to 1.5. The index shown serves as the baseline and is plotted at zero.

See notes below for factor definitions.

Try the Factor eXposure Tool
Factor definitions

Low volatility – Annualized 252-day standard deviation of the stock’s price. Lower standard deviations receive a higher factor exposure score. Dividend yield – Total dividends paid by the stock over the past 12 months divided by its current price. Quality – Each fundamental ratio is standardized using a z-score relative to its universe before averaging (return on equity - accruals ratio - debt to common equity) / three. Value – Each fundamental ratio is standardized using a z-score relative to its universe before averaging (earnings/price + book value/price + sales/price) / three. Momentum – 12-month return excluding the most recent month. The return is risk adjusted using the standard deviation of daily price returns over the past year. Small size – Stock's market capitalization in USD. Lower market capitalization companies receive a higher factor exposure score.

as of 12/31/2017

Factor DNATM

Financial Professionals - Log in to view the fund’s Factor DNATM chart

Methodology

Factor scores are calculated for every stock within the starting universe, Russell 3000 Index and Russell Global ex-US Index. Factor scores are normalized using z-scores with a mean of zero and a standard deviation of one. A normalized score is then calculated for both the fund and index shown based on the weighted average normalized scores of their underlying stocks. The Factor DNATM chart plots the difference in the fund's normalized score for each factor, in standard deviations, relative to the index shown with a range of -1.5 to 1.5. The index shown serves as the baseline and is plotted at zero.

See notes below for factor definitions.

Try the Factor eXposure Tool
Factor definitions

Low volatility – Annualized 252-day standard deviation of the stock’s price. Lower standard deviations receive a higher factor exposure score. Dividend yield – Total dividends paid by the stock over the past 12 months divided by its current price. Quality – Each fundamental ratio is standardized using a z-score relative to its universe before averaging (return on equity - accruals ratio - debt to common equity) / three. Value – Each fundamental ratio is standardized using a z-score relative to its universe before averaging (earnings/price + book value/price + sales/price) / three. Momentum – 12-month return excluding the most recent month. The return is risk adjusted using the standard deviation of daily price returns over the past year. Small size – Stock's market capitalization in USD. Lower market capitalization companies receive a higher factor exposure score.

as of 12/31/2017 12/31/2017

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
S&P 500 High Momentum Value Index N/A N/A N/A N/A N/A 16.10
S&P 500 Index 21.83 21.83 11.41 15.79 8.50 15.05
S&P 500 High Momentum Value Index N/A N/A N/A N/A N/A 16.10
S&P 500 Index 21.83 21.83 11.41 15.79 8.50 15.05
Fund History (%)
Fund NAV N/A N/A N/A N/A N/A 15.80
After Tax Held N/A N/A N/A N/A N/A 15.24
After Tax Sold N/A N/A N/A N/A N/A 8.93
Fund Market Price N/A N/A N/A N/A N/A 16.13
Fund NAV N/A N/A N/A N/A N/A 15.80
After Tax Held N/A N/A N/A N/A N/A 15.24
After Tax Sold N/A N/A N/A N/A N/A 8.93
Fund Market Price N/A N/A N/A N/A N/A 16.13

This is a new Fund and has no full-year Fund performance to report as of most recent quarter end.

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 applicable 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 01/16/2018

Sector Allocation

as of 01/16/2018

Market Cap & Style Allocations

Large-Cap Value 34.24%
Large-Cap Blend 19.20%
Large-Cap Growth 2.48%
Mid-Cap Value 27.08%
Mid-Cap Blend 14.53%
Mid-Cap Growth 2.47%
Small-Cap Value -
Small-Cap Blend -
Small-Cap Growth -

as of 01/16/2018 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
PRU Prudential Financial Inc 1.87
GM General Motors Co 1.78
VLO Valero Energy Corp 1.77
LUK Leucadia National Corp 1.76
LNC Lincoln National Corp 1.68
BBY Best Buy Co Inc 1.62
CNC Centene Corp 1.59
L Loews Corp 1.52
MPC Marathon Petroleum Corp 1.50
PWR Quanta Services Inc 1.36

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
12/18/2017 12/19/2017 12/29/2017 0.15139 0.15139 - - -
09/18/2017 09/19/2017 09/29/2017 0.09590 0.09590 - - -
06/16/2017 06/20/2017 06/30/2017 0.05708 0.05708 - - -

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%
12/31/2017 63 36 1 0 0 0 0
09/30/2017 63 42 0 1 0 0 0
06/30/2017 60 40 0 0 0 0 0
Year Ended 2017 186 118 1 1 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%
12/31/2017 63 26 0 0 0 0 0
09/30/2017 63 20 0 0 0 0 0
06/30/2017 60 20 0 0 0 0 0
Year Ended 2017 186 66 0 0 0 0 0

Fund Inception: 04/06/2017

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.

Momentum style of investing is subject to the risk that the securities may be more volatile than the market as a whole or returns on securities that have previously exhibited price momentum are less than returns on other styles of investing.

A value style of investing is subject to the risk that the valuations never improve or that the returns will trail other styles of investing or the overall stock markets.

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

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

S&P® is a registered trademark of Standard & Poor's Financial Services LLC (S&P) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones). These trademarks have been licensed for use by S&P Dow Jones Indices LLC. S&P® and Standard & Poor's® are trademarks of S&P and Dow Jones® is a trademark of Dow Jones. These trademarks have been sublicensed for certain purposes by Invesco PowerShares Capital Management LLC (PowerShares). The Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by PowerShares. The Fund is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates make any representation regarding the advisability of investing in such product(s).

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 01/17/2018
4:15 PM EST

SPVM
Intraday Stats

  • Last Trade $29.90
  • Current IIV $29.84
  • Change $0.40
  • % Change 1.36%
as of 01/16/2018
  • NAV at market close $29.54

as of 01/16/2018

Prior Close

  • Closing Price $29.50
  • Bid/Ask Midpoint $29.55
  • Bid/Ask Prem/Disc $0.01
  • Bid/Ask Prem/Disc 0.03%

Fund Details

  • Fund Ticker SPVM
  • CUSIP # 73937B340
  • ISIN US73937B3400
  • Intraday NAV SPVMIV
  • Index Ticker SPXVMOUT
  • Index Provider S&P Dow Jones Indices LLC
  • Management Fee 0.30%
  • Total Expense Ratio 0.30%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange Cboe Global Markets
  • Inception Date 04/06/2017
  • # of Holdings 100
    as of 01/16/2018
as of 01/17/2018

Quick Facts

  • Previous Close $29.50
  • Open $29.56
  • Today's High $29.90
  • Today's Low $29.56
  • Today's Volume 825
  • 2,162 30-Day Avg Trading
    Volume
  • 52 Week High $29.94
  • 52 Week Low $24.80
  • Shares Outstanding .10MM
  • Market Value $3.0MM