Invesco PowerShares
Welcome, Guest
Sign In  |  Register
Search
 
 
 
 
 

The PowerShares CEF Income Composite Portfolio (Fund) is based on the S-Network Composite Closed-End Fund IndexSM (Index). The Fund will normally invest at least 90% of its total assets in securities of funds included in the Index. The Fund is a "fund of funds," as it invests its assets in the common shares of funds included in the Index rather than in individual securities. The Index currently includes closed-end funds that invest in taxable investment grade fixed-income securities, taxable high yield fixed-income securities and others utilize an equity option writing (selling) strategy. The Fund and the Index are rebalanced and reconstituted quarterly.


Date   6/19/2013  
Price   24.55  
Bid/Ask Midpoint   24.57  
 
NAV   24.58  
Bid/Ask Prem/Disc   -0.01  
Bid/Ask Prem/Disc   -0.04%  
 As of 3/31/2013
Index History (%)YTD1 Year3 Year5 Year10 YearFund Inception
S-Network Composite Closed-End Fund Index5.7713.309.10  10.24
S&P 500 Index10.6113.9612.675.818.5314.19
Fund History (%)YTD1 Year3 Year5 Year10 YearFund Inception
NAV5.6212.798.60  9.72
After Tax Held4.739.946.10  7.23
After Tax Sold3.177.685.70  6.59
Market Price6.1013.088.39  9.81

Monthly Standardized Report


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.


 As of 3/31/2013
Data beginning 2/28/2010, the month end following Fund inception.
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 The results assume that no cash was added to or assets withdrawn from the Index.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.

  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%
3/31/2013 60 0 0 0 0 0 0
12/31/2012 62 0 0 0 0 0 0
9/30/2012 63 0 0 0 0 0 0
6/30/2012 63 0 0 0 0 0 0
Year Ended 2012 250 0 0 0 0 0 0
Fund Inception: 2/19/2010

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.
Ex-DateRecord DatePay Date$ / ShareOrdinary IncomeShort Term GainsLong Term GainsReturn of Capital
6/14/20136/18/20136/28/20130.164760.16476N.A.N.A.N.A.
5/15/20135/17/20135/31/20130.145500.14550N.A.N.A.N.A.
4/15/20134/17/20134/30/20130.163380.16338N.A.N.A.N.A.
3/15/20133/19/20133/28/20130.164980.16498N.A.N.A.N.A.
2/15/20132/20/20132/28/20130.173860.17386N.A.N.A.N.A.
1/15/20131/17/20131/31/20130.168940.16894N.A.N.A.N.A.
12/14/201212/18/201212/31/20120.164020.16402N.A.N.A.N.A.
11/15/201211/19/201211/30/20120.164820.16482N.A.N.A.N.A.
10/15/201210/17/201210/31/20120.144950.14495N.A.N.A.N.A.
9/14/20129/18/20129/28/20120.145300.14530N.A.N.A.N.A.
 
Distribution Information



Fund Holdings subject to change  
Eaton Vance Tax-Managed Global Diversified Equity Income Fun   5.06%  
AllianceBernstein Income Fund   3.15%  
Eaton Vance Tax-Managed Diversified Equity Income Fund   2.78%  
AllianzGI NFJ Dividend Interest & Premium Strategy Fund   2.45%  
BlackRock Enhanced Equity Dividend Trust   2.41%  
As of 6/19/2013    
 
 
Eaton Vance Tax Managed Global Buy Write Opportunities Fund   2.11%  
DNP Select Income Fund Inc   2.01%  
Aberdeen Asia-Pacific Income Fund Inc   1.93%  
Eaton Vance Limited Duration Income Fund   1.75%  
BlackRock Global Opportunities Equity Trust   1.71%  

View All Fund Holdings




As of 6/19/2013



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 pursues its investment objective by investing its assets in the Underlying Funds.

The Fund’s investment performance, because it is a fund of funds, depends on the investment performance of the Underlying Funds in which it invests. An investment in the Fund is subject to the risks associated with the Underlying Funds that comprise the Underlying Index. The Fund will indirectly pay a proportional share of the fees of the Underlying Funds in which it invests. At times, certain of the segments of the market represented by constituent Underlying Funds in the Underlying Index may be out of favor and underperform other segments.

The market value of the shares of closed-end investment companies may differ from their NAV. In addition, the shares of closed-end investment companies frequently trade at a discount to their NAV. As an investor in closed-end investment companies, the Fund would bear its ratable share of that closed-end investment companies’ expenses, including its investment advisory and administration fees, while continuing to pay its own advisory and administration fees and other expenses. As a result, shareholders will be absorbing duplicate levels of fees with respect to investments in closed-end investment companies.

The securities of closed-end investment companies in which the Fund may invest may be leveraged. As a result, the Fund may be indirectly exposed to leverage through an investment in such securities.

An investment in securities of closed-end investment companies that use leverage may expose the Fund to higher volatility in the market value of such securities and the possibility that the Fund’s long-term returns on such securities (and, indirectly, the long-term returns of the Shares) will be diminished.

Investment in the Underlying Funds may subject the Fund to the following risks: Investment and Market Risk; Risk of Market Price Discount from Net Asset Value; Interest Rate Risk; Credit Risk; Below Investment Grade Securities Risk; Risks Associated with Options on Securities; Over-The- Counter ("OTC") Option Risk; Index Option Risk; Senior Loans Risk; Municipal Bond Risk; Foreign and Emerging Market Securities Risk; Liquidity Risk; Industry Concentration Risk; Inflation Risk; Deflation Risk; Derivatives Risk; Leverage Risk; Counterparty Risk; Mortgage- and Asset-Backed Securities Risk; Small and Medium Capitalization Company Risk; Micro Capitalization Company Risk; Developments in Financial Markets; Anti-Takeover Provisions Risk. See the prospectus for additional risk information.

The S&P 500® Index is an unmanaged index considered representative of the U.S. stock market.

S-Network Global Indexes, LLCSM and S-Network Composite Closed-End Fund IndexSM are service marks of S-Network Global Indexes LLC and have been licensed for use by Invesco PowerShares Capital Management LLC. The PowerShares CEF Income Composite Portfolio is not sponsored, endorsed, sold or promoted by S-Network Global Indexes LLC and S-Network Global Indexes LLC makes no representation regarding the advisability of investing in the PowerShares CEF Income Composite Portfolio. Invesco PowerShares Capital Management LLC is not affiliated with S-Network Global Indexes LLC.
As of 6/20/2013 12:00 AM EST
Last Trade $24.55
Current IIV $24.58
Change -0.26
% Change -1.05%
As of 6/19/2013
Market Close
NAV 24.58
As of 6/19/2013
SEC 30 Day Yield 7.71%
Distribution Yield 8.04%
12 Month Yield 7.73%
As of 6/19/2013
Current -6.71%
52-week Average -3.68%
52-week High -2.57%
52-week Low -8.07%
As of 06/20/2013
Previous Close $24.81
Open $24.87
Today's High $24.87
Today's Low $24.55
Today's Volume 145,828
52 Week High $26.65
52 Week Low $23.50
Shares Outstanding 19.35MM
Market Value $475.7MM
Fund Ticker PCEF
CUSIP # 73936Q843
ISIN US73936Q8437
Intraday NAV PCEFIV
Index Ticker CEFXTR
Index Provider  S-Network Global Indexes LLC
Management Fee 0.50%
Acquired Fund Fees & Expenses 1.23%
Expense Ratio 1.73%
Marginable Yes
Short Selling Yes
Options Yes
Exchange NYSE Arca
Inception Date 2/19/2010
# of Holdings
as of 6/19/2013		 142
The midpoint between the highest bid and the lowest offer, as of the time that the Fund's NAV is calculated, generally around 4 pm (eastern time).
Calculation of the premium or discount of the Bid/Ask Midpoint price at the time of calculation of the NAV against such NAV.
The Intraday Indicative Value for an ETF is typically published under a separate symbol every 15 seconds over the Consolidated Tape and calculated throughout the trading day based on the last sale prices of the securities specified for creation and redemption plus any estimated cash amounts associated with the creation unit, all on a per-ETF share basis.
A standard yield calculation developed by the Securities and Exchange Commission that allows for a common ground comparison of yield performance. It is based on the most recent 30-day period. It is calculated by dividing the net investment income (less expenses) per share over a 30-day period by the current maximum offering price.
The yield represents a single distribution from the fund and does not represent the total return of the fund. The yield is calculated by annualizing the most recent distribution and dividing by the fund NAV from the as of date. N/A will be displayed if the fund did not make a distribution in the most recent quarter.
The sum of a fund's total trailing 12-month interest and dividend payments divided by the last month's ending share price (NAV) plus any capital gains distributed over the same period.
For a description of the application of the Expense Cap and the Gross Ratio and Net Ratio please see the Fund's current prospectus.
Provides the total gross annual fund operating expenses per the Fund's current prospectus.
The Adviser has contractually agreed to waive fees and/or pay certain Fund expenses through at least .
The Fund’s pro rata portion of the cumulative expenses charged by the Underlying holdings in which the Fund invests.
Provides the expected expense ratio charged to shareholders per the Fund's current prospectus and reflects the investment advisor's contractual agreement to waive a portion of its fees and/or pay Fund expenses at least until 6/20/2013
The share price divided by earnings per share.
The price per share divided by accounting book value per share.
Net income divided by net worth.
The average market value of a company's outstanding securities, excluding current liabilities. Under $3.5 billion is generally considered small cap; $3.5 billion to $9 billion is mid cap; and over $9 billion is large cap.
A method of calculating an average value that lessens the impact of large outliers and increases the impact of small ones.
This number indicates the number of trading days represented within the most recent quarter displayed.
New lower expenses. Click icon for more information.
The amount by which a CEF's market price is greater or less than its NAV, expressed as a percent of NAV.
The period in the life of a callable bond in which the issuing company is not permitted to redeem the bond.
The amount by which the convertible price exceeds the value of the stock into which it can be converted.
The amount by which the price of the convertible exceeds its value as a straight bond, ignoring the conversion feature.
A measure of the expensiveness/cheapness of the option embedded in the convertible bond.
Ranging from zero to one, a measure of a convertible's price sensitivity to movements in the price of its underlying stock.
The average of each bond’s coupon divided by its current price
©2013 Invesco PowerShares Capital Management LLC  
PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC (Invesco PowerShares). Invesco PowerShares and Invesco Distributors, Inc. are indirect, wholly owned subsidiaries of Invesco Ltd.  
Invesco Distributors, Inc. is the distributor of the PowerShares Exchange-Traded Fund Trust, the PowerShares Exchange- Traded Fund Trust II, the PowerShares India Exchange-Traded Fund Trust and the PowerShares Actively Managed Exchange-Traded Fund Trust.  
ALPS Distributors, Inc. is the distributor of PowerShares QQQ, BLDRS Funds and PowerShares DB Funds. PowerShares QQQ and BLDRS Funds are unit investment trusts.  
Invesco PowerShares and Invesco Distributors, Inc. are not affiliated with ALPS Distributors, Inc.  
PowerShares DB ETNs are senior unsecured obligations issued by Deutsche Bank AG, London Branch. Certain marketing services may be provided for these products by Invesco Distributors, Inc. or its affiliate, Invesco PowerShares Capital Management LLC. Neither firm is affiliated with Deutsche Bank.  
Certain marketing services may be provided for the DB ETNS and DB ETFs by Invesco Distributors, Inc. or its affiliate, Invesco PowerShares Capital Management LLC. Invesco Distributors, Inc. will be compensated by Deutsche Bank or its affiliates for providing these marketing services. Neither Invesco Distributors, Inc. nor Invesco PowerShares is affiliated with Deutsche Bank.  
Shares are not individually redeemable and owners of the Shares may acquire those Shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations only, typically consisting of 50,000, 75,000, 100,000 or 200,000 Shares. Invesco Logo
Shares are not FDIC insured, may lose value and have no bank guarantee.
View the Legal Notice