Invesco PowerShares begun trading of 2 new smart beta ETFs, the PowerShares Russell 1000 Low Beta Equal Weight Portfolio (NASDAQ: USLB) and the PowerShares FTSE International Low Beta Equal Weight Portfolio (NASDAQ: IDLB) on Monday, November 09, 2015.
1.
FUND INFORMATION:
| Symbol: USLB | Exchange: Nasdaq |
| Name: PowerShares Russell 1000 Low Beta Equal Weight Portfolio | Net Expense Ratio: 0.35% |
FUND OBJECTIVE:
The PowerShares Russell 1000 Low Beta Equal Weight Portfolio seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Russell 1000 Low Beta Equal Weight Index.
The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Underlying Index.
REFERENCE INDEX:
The Russell 1000 Low Beta Equal Weight Index is designed to provide exposure to constituents of the Russell 1000 Index (Russell 1000) that exhibit low beta characteristics. The Russell 1000 is designed to measure the performance of the U.S. equity market, and consists of the stocks of the largest 1,000 companies by capitalization in the U.S.
Beta is a measure of a security’s price sensitivity (i.e., volatility); it reflects the rate of change in a security’s price that results from overall market movements. To calculate the beta score for each security in the Russell 1000, the Frank Russell Company (Index Provider) analyzes the security’s monthly returns over the past 18 months to see the extent to which they correlate to overall market movements.
Securities with a beta score of less than that of the overall U.S. equity market average (that is, securities whose price changes exhibit less volatility than the average amount of volatility in the market) are eligible for inclusion in the Underlying Index. The Underlying Index is equally weighted, meaning that the Index Provider assigns each component security the same weight in the Underlying Index. The Fund generally invests in all of the securities comprising the Underlying Index in proportion to their weighting in the Underlying Index.
Top Holdings (11/09/15):
Symbol |
Name |
Weight |
| TFSL | TFS Financial Corp | 0.39% |
| TE | TECO Energy Inc | 0.38% |
| VRSN | VeriSign Inc | 0.37% |
| GOOGL | Alphabet Inc | 0.36% |
| LMT | Lockheed Martin Corp | 0.35% |
| LUV | Southwest Airlines Co | 0.34% |
| NDAQ | Nasdaq Inc | 0.33% |
| VNTV | Vantiv Inc | 0.33% |
| RSG | Republic Services Inc | 0.33% |
| CAM | Cameron International Corp | 0.32% |
Sector Allocation (11/09/15):
| Financials | 27.49% |
| Health Care | 13.65% |
| Industrials | 12.19% |
| Utilities | 10.43% |
| Consumer Discretionary | 10.34% |
| Information Technology | 9.92% |
| Energy | 6.49% |
| Consumer Staples | 6.21% |
| Materials | 2.53% |
| Telecommunication Services | 0.75% |
Useful Links:
USLB Home Page
Category: Equities>
2.
FUND INFORMATION:
| Symbol: IDLB | Exchange: Nasdaq |
| Name: PowerShares FTSE International Low Beta Equal Weight Portfolio | Net Expense Ratio: 0.45% |
FUND OBJECTIVE:
The PowerShares FTSE International Low Beta Equal Weight Portfolio seeks investment results that generally correspond (before fees and expenses) to the price and yield of the FTSE Developed ex US Low Beta Equal Weight Index.
The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Underlying Index.
REFERENCE INDEX:
The FTSE Developed ex US Low Beta Equal Weight Index is designed to provide exposure to constituents of the FTSE Developed ex US Index (the “Developed ex US Index”) that exhibit low beta characteristics. The Developed ex US Index is designed to measure the performance of the international equity markets, and consists of large and mid-cap companies from developed markets throughout the world, excluding the U.S.
Beta is a measure of a security’s price sensitivity (i.e., volatility); it reflects the rate of change in a security’s price that results from overall market movements. To calculate the beta score for each security in the Developed ex US Index, the FTSE International Limited (Index Provider) analyzes the security’s monthly returns over the past 18 months to see the extent to which they correlate with the monthly returns of the index of the country in which the security’s issuer is based. Securities with a beta score less than that of the average beta score of the relevant country index (that is, securities whose price changes exhibit less volatility than the average amount of volatility in the market of the issuer’s country) are eligible for inclusion in the Underlying Index.
The Underlying index is equally weighted, meaning that the Index Provider assigns each component security the same weight in the Underlying Index. The Fund generally invests in all of the securities comprising the Underlying Index in proportion to their weighting in the Underlying Index.
Top Holdings (11/09/15):
Symbol |
Name |
Weight |
| 035420 KS | NAVER Corp | 0.18% |
| NRE1V FH | Nokian Renkaat OYJ | 0.17% |
| 052690 KS | KEPCO Engineering & Construction Co Inc | 0.17% |
| 161390 KS | Hankook Tire Co Ltd | 0.17% |
| 3116 | Toyota Boshoku Corp | 0.16% |
| 330 | Esprit Holdings Ltd | 0.16% |
| 018880 KS | Hanon Systems | 0.16% |
| 001450 KS | Hyundai Marine & Fire Insurance Co Ltd | 0.16% |
| 5801 | Furukawa Electric Co Ltd | 0.16% |
| 005830 KS | Dongbu Insurance Co Ltd | 0.16% |
Top Country Allocation (11/09/15):
| Japan | 34.63% |
| United Kingdom | 7.68% |
| Australia | 6.29% |
| South Korea | 6.13% |
| France | 5.96% |
| Hong Kong | 5.77% |
| Germany | 4.42% |
| Canada | 4.15% |
| Switzerland | 3.11% |
| Singapore | 2.97% |
Sector Allocation (11/09/15):
| Industrials | 20.24% |
| Financials | 20.06% |
| Consumer Discretionary | 15.30% |
| Consumer Staples | 10.22% |
| Materials | 9.56% |
| Information Technology | 6.86% |
| Health Care | 6.07% |
| Utilities | 5.09% |
| Telecommunication Services | 3.88% |
| Energy | 2.72% |
Useful Links:
IDLB Home Page
Category: Equities>