- Last Ratings Update:03/31/2016
- Price as of 03/31/2016 :$32.17
- Net Assets:$58.4 Million
- Peer Rank:247 of 313
- Investment Rating:D+
We rate PowerShares S&P SC Materials at D+. Negative factors that influence this rating include a below average total return. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Growth - Domestic strategy.
POSITIVES AND RISKS
Total return ranks below peers over the last three years. The PowerShares S&P SC Materials has returned an annual rate of 4.97% since inception. More recently, the fund has generated a total return of 2.30% in the last five years, -0.93% in the last three years, and -21.56% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 38% of them. It has also outpaced 31% of its competitors on a three year basis and 10% of them over the last year for the period ending 3/31/2016. On a year to date basis, PSCM has returned 2.91%.
Downside risk has been above average. PSCM has a draw down risk of -41.75%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 21.8%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 3/31/2016, the fund was trading at a price of $32.17, which is 0.0% below its 52-week high of $32.17 and 13.0% above its 52-week low of $28.46.
Low expense ratio helps performance. On total assets of $58.40 million, PSCM maintains a low expense ratio compared to its Growth - Domestic peers of just 0.29% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As PSCM is an exchange traded fund, it has no front end or back end load.
The PowerShares S&P SC Materials is managed by Michael C. Jeanette at Invesco Powershares Capital Mgmt LL. This fund is one of 126 Invesco Powershares Capital Mgmt LL exchange-traded funds launched since 5/1/2003 that we track.
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