- Last Ratings Update:11/30/2014
- Price as of 11/30/2014 :$32.46
- Net Assets:$268 Million
- Peer Rank:7 of 54
- Investment Rating:C
We rate PowerShares 1-30 Laddered Treasury at C. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Positive factors that influence this rating include a low price volatility, low expense structure and long term portfolio management tenure. The fund invests approximately 95% of its assets in bonds and may be considered for investors seeking a Government Bond strategy.
POSITIVES AND RISKS
Total return ranks below peers over the last three years. The PowerShares 1-30 Laddered Treasury has returned an annual rate of 6.89% since inception. More recently, the fund has generated a total return of 6.41% in the last five years, 2.81% in the last three years, and 11.35% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 36% of them. It has also outpaced 26% of its competitors on a three year basis and 60% of them over the last year for the period ending 11/30/2014. On a year to date basis, PLW has returned 13.17%.
Downside risk has been below average. PLW has a draw down risk of -13.22%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 6.8%. This fund has had very little volatility in its monthly performance over the last 36 months. As of 11/30/2014, the fund was trading at a price of $32.46, which is 0.2% below its 52-week high of $32.52 and 2.1% above its 52-week low of $31.79.
Low expense ratio helps performance. On total assets of $268.00 million, PLW maintains a low expense ratio compared to its Government Bond peers of just 0.25% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As PLW is an exchange traded fund, it has no front end or back end load.
The PowerShares 1-30 Laddered Treasury is managed by Peter Hubbard at Invesco Powershares Capital Mgmt LL. This fund is one of 115 Invesco Powershares Capital Mgmt LL exchange-traded funds launched since 5/1/2003 that we track.
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