- Last Ratings Update:01/31/2014
- Price as of 01/31/2014 :$19.00
- Net Assets:$343.5 Million
- Peer Rank:65 of 280
- Investment Rating:B+
We rate PowerShares Div Achievers at B+. This overall rating indicates it is among the top 10% of all closed end mutual funds in its peer group. Positive factors that influence this rating include a greater than above average total return, low price volatility, low expense structure and long term portfolio management tenure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking an Equity Income strategy.
POSITIVES AND RISKS
Total return ranks above peers over the last three years. The PowerShares Div Achievers has returned an annual rate of 5.50% since inception. More recently, the fund has generated a total return of 15.62% in the last five years, 12.46% in the last three years, and 12.95% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 53% of them. It has also outpaced 73% of its competitors on a three year basis and 70% of them over the last year for the period ending 1/31/2014. On a year to date basis, PFM has returned -4.57%.
Downside risk has been below average. PFM has a draw down risk of -11.97%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 10.0%. This fund has had a low level of volatility in its monthly performance over the last 36 months. As of 1/31/2014, the fund was trading at a price of $19.00, which is 4.4% below its 52-week high of $19.87 and 0.8% above its 52-week low of $18.85.
Low expense ratio helps performance. On total assets of $343.50 million, PFM maintains a low expense ratio compared to its Equity Income peers of just 0.58% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As PFM is an exchange traded fund, it has no front end or back end load.
The PowerShares Div Achievers is managed by Peter Hubbard at Invesco Powershares Capital Mgmt LL. This fund is one of 114 Invesco Powershares Capital Mgmt LL exchange-traded funds launched since 5/1/2003 that we track.
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