Invesco PowerShares
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The PowerShares MENA Frontier Countries Portfolio (Fund) is based on the NASDAQ OMX Middle East North Africa IndexSM (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depository Receipts (ADRs)  and Global Depository Receipts (GDRs) based on the securities in the Index. The Index seeks to provide direct exposure to liquid stocks of companies that have the majority of their assets or services residing in MENA frontier market countries, which include Egypt, Morocco, Oman, Lebanon, Jordan, Kuwait, Bahrain, Qatar and United Arab Emirates (Index currently includes the emirates of Dubai and Abu Dhabi). The Fund and the Index are rebalanced and reconstituted quarterly.


Date   6/18/2013  
Price   11.45  
Bid/Ask Midpoint   11.48  
 
NAV   11.57  
Bid/Ask Prem/Disc   -0.09  
Bid/Ask Prem/Disc   -0.78%  
 As of 3/31/2013
Index History (%)YTD1 Year3 Year5 Year10 YearFund Inception
NASDAQ OMX Middle East North Africa Index1.50-1.35-2.91  -11.63
MSCI Emerging Markets Index-1.621.963.271.0917.052.33
MSCI EAFE Index5.1311.255.00-0.899.690.07
S&P 500 Index10.6113.9612.675.818.537.39
Fund History (%)YTD1 Year3 Year5 Year10 YearFund Inception
NAV1.04-3.91-4.91  -14.43
After Tax Held1.04-4.28-5.34  -14.72
After Tax Sold0.59-1.66-3.49  -10.04
Market Price0.19-4.64-5.53  -14.43

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 7/31/2008, 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 The results assume that no cash was added to or assets withdrawn from the Index.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 1 0 0 18 29 2
12/31/2012 62 0 0 0 17 25 11
9/30/2012 63 4 0 0 14 22 7
6/30/2012 63 4 3 1 13 14 2
Year Ended 2012 250 14 5 1 53 80 20
Fund Inception: 7/9/2008

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
3/15/20133/19/20133/28/20130.00000N.A.N.A.N.A.N.A.
12/21/201212/26/201212/31/20120.00000N.A.N.A.N.A.N.A.
9/21/20129/25/20129/28/20120.063030.06303N.A.N.A.N.A.
6/15/20126/19/20126/29/20120.182380.18238N.A.N.A.N.A.
3/16/20123/20/20123/30/20120.056800.05680N.A.N.A.N.A.
12/16/201112/20/201112/30/20110.211650.21165N.A.N.A.N.A.
6/17/20116/21/20116/30/20110.217600.21760N.A.N.A.N.A.
3/18/20113/22/20113/31/20110.010030.01003N.A.N.A.N.A.
12/17/201012/21/201012/31/20100.206690.20669N.A.N.A.N.A.
6/18/20106/22/20106/30/20100.029930.02993N.A.N.A.N.A.
 
Distribution Information


Large-Cap Growth 32.08%  
Large-Cap Value 4.45%  
Mid-Cap Growth 29.09%  
Mid-Cap Value 21.61%  
Small-Cap Growth 9.05%  
Small-Cap Value 3.71%  
As of 6/18/2013

United Arab Emirates 30.02%  
Kuwait 24.42%  
Qatar 22.74%  
Egypt 15.63%  
Oman 4.47%  
Morocco 2.24%  
Bahrain 0.48%  
As of 6/18/2013

Fund Holdings subject to change  
National Bank of Abu Dhabi PJSC   8.60%  
Emaar Properties PJSC   8.44%  
National Bank of Kuwait   7.93%  
Mobile Telecommunications Co KSC   6.93%  
Orascom Construction Industries   6.90%  
As of 6/18/2013    
 
 
Masraf Al Rayan   4.45%  
Qatar Telecom Qtel QSC   4.45%  
Commercial International Bank Egypt SAE   3.85%  
BankMuscat SAOG   3.51%  
Aldar Properties PJSC   3.22%  

View All Fund Holdings




As of 6/18/2013



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.

Foreign securities have additional risks, including exchange-rate changes, decreased market liquidity, political instability and taxation by foreign governments.

Investment in securities in emerging market countries involves risks not associated with investments in securities in developed countries.

Funds that are less diversified across geographic regions, countries, industries or individual companies may have greater volatility and risk than a diversified fund.

Investments focused in a particular industry or sector, such as the financial services sector, telecommunications and real estate industries are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

Unlike most ETFs, the Fund currently intends to effect redemptions principally for cash and partially in-kind, rather than primarily in-kind redemptions because of the nature of the Fund’s investments. As such, investments in Shares may be less tax efficient than investments in conventional ETFs.

There may be instances in which the Underlying Index must liquidate a security because the security has exceeded the limitation of foreign ownership set by the Index’s methodology.  This liquidation in the index may occur at an inopportune time which may result in a significant variation between the Index’s return and that of the Fund.

Investing in securities of small and medium-sized companies may involve greater risk than is customarily associated with investing in large companies.

Investing in securities of micro-capitalization companies may involve greater risk than is customarily associated with investing in large companies.

The Fund may invest a portion of its net assets in P-notes. P-notes involve certain risks in addition to those associated with a direct investment in the underlying foreign companies or foreign securities markets whose returns they seek to replicate, including but not limited to trading price risk, counterparty risk, liquidity risk and reliable pricing data risk. See the prospectus for more complete risk information on P-notes.

American Depositary Receipts (ADRs) involve many of the same risks as those associated with direct investment in foreign securities. In addition, the underlying issuers of certain depositary receipts, particularly unsponsored or unregistered depositary receipts, are under no obligation to distribute shareholder communications to the holders of such receipts or to pass through to them any voting rights with respect to the deposited securities.

Global Depository Receipts involve the same risks as those associated with ADRs.  In addition, they are subject to currency, political, economic and market risks because their values depend on the performance of the non-dollar demoninated underlying foreign securities.

The dollar value of the fund's foreign investments will be affected by changes in the exchange rates between the dollar and the currencies in which those investments are traded.

A natural or other disaster could occur in a geographic region in which the Fund invests, which could affect the economy or particular business operations of companies in that specific geographic region and adversely impact the Fund’s investments in the affected region.

Risks of Investing In Frontier Emerging Markets Securities. Investment in securities of companies in frontier emerging market countries involves risks not associated with investments in securities in developed countries, including risks associated with expropriation and/or nationalization, political or social instability, armed conflict, the impact on the economy as a result of civil war, religious or ethnic unrest and the withdrawal or non-renewal of any license enabling the Fund to trade in securities of a particular country, confiscatory taxation, restrictions on transfers of assets, lack of uniform accounting, auditing and financial reporting standards, less publicly available financial and other information, diplomatic development which could affect U.S. investments in those countries and potential difficulties in enforcing contractual obligations.

The Fund is considered non-diversified adn may be subject to greater risk than a diversified fund.

The MSCI Emerging Markets Index, the MSCI EAFE® Index and the S&P 500® Index are unmanaged indexes considered representative of stocks of developing countries; stocks of Europe, Australasia and the Far East; and the U.S. stock market, respectively.

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

NASDAQ®, OMX™, and NASDAQ OMX Middle East North Africa Index SM are trade/service marks of the NASDAQ OMX Group, Inc. (which with its affiliates is referred to as the "Corporations") and are licensed for use by Invesco PowerShares. The Fund has not been passed on by the Corporations as to their legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Corporations. The Corporations make no warranties and bear no liability with respect to the product.

As of 6/19/2013 12:00 AM EST
Last Trade $11.45
Current IIV $11.56
Change -
% Change 0.00%
As of 6/18/2013
Market Close
NAV 11.57
As of 6/18/2013
SEC 30 Day Yield 2.70%
12 Month Yield 0.54%
As of 06/19/2013
Previous Close $11.45
Open -
Today's High -
Today's Low -
Today's Volume -
52 Week High $11.80
52 Week Low $9.99
Shares Outstanding 1.35MM
Market Value $15.6MM
Fund Ticker PMNA
CUSIP # 73936Q603
ISIN US73936Q6035
Intraday NAV PMNAIV
Index Ticker QMNX
Index Provider  NASDAQ
Management Fee 0.70%
Expense Ratio 0.70%
Marginable Yes
Short Selling Yes
Options No
Exchange NASDAQ
Inception Date 7/9/2008
# of Holdings
as of 6/18/2013
39
As of 03/31/2013
Price/Earnings Ratio¹ 11.57
Price/Book Ratio¹ 1.32
ROE² 12.40%
Avg Market Cap² 6,391MM
¹Weighted Harmonic Average
²Weighted Average
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 6/19/2013
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