- Last Ratings Update:11/30/2014
- Price as of 11/30/2014 :$74.50
- Net Assets:$196.8 Million
- Peer Rank:48 of 290
- Investment Rating:B+
We rate PowerShares Dynamic Market at B+. 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 well above average total return, 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 a Growth - Domestic strategy.
POSITIVES AND RISKS
Total return ranks very high in comparison with peers over the last three years. The PowerShares Dynamic Market has returned an annual rate of 10.42% since inception. More recently, the fund has generated a total return of 16.71% in the last five years, 23.66% in the last three years, and 11.19% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 84% of them. It has also outpaced 92% 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, PWC has returned 9.80%.
Downside risk has been below average. PWC has a draw down risk of -6.86%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 11.4%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 11/30/2014, the fund was trading at a price of $74.50, which is 0.2% below its 52-week high of $74.67 and 3.9% above its 52-week low of $71.71.
High expense ratio hinders performance. On total assets of $196.80 million, PWC maintains a high expense ratio compared to its Growth - Domestic peers of 0.60% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As PWC is an exchange traded fund, it has no front end or back end load.
The PowerShares Dynamic Market 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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