- Last Ratings Update:09/30/2014
- Price as of 09/30/2014 :$57.92
- Net Assets:$260.6 Million
- Peer Rank:22 of 120
- Investment Rating:B-
We rate PowerShares DWA Energy Momentum 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 Sector - Energy/Natural Res strategy.
POSITIVES AND RISKS
Total return ranks very high in comparison with peers over the last three years. The PowerShares DWA Energy Momentum has returned an annual rate of 11.61% since inception. More recently, the fund has generated a total return of 17.66% in the last five years, 20.68% in the last three years, and 9.31% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 91% of them. It has also outpaced 80% of its competitors on a three year basis and 56% of them over the last year for the period ending 9/30/2014. On a year to date basis, PXI has returned 0.44%.
Downside risk has been below average. PXI has a draw down risk of -13.43%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 20.1%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 9/30/2014, the fund was trading at a price of $57.92, which is 10.6% below its 52-week high of $64.81 and 0.7% above its 52-week low of $57.50.
Low expense ratio helps performance. On total assets of $260.60 million, PXI maintains a low expense ratio compared to its Sector - Energy/Natural Res peers of just 0.64% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As PXI is an exchange traded fund, it has no front end or back end load.
The PowerShares DWA Energy Momentum 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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