- Last Ratings Update:03/31/2015
- Price as of 03/31/2015 :$30.10
- Net Assets:$34.5 Million
- Peer Rank:86 of 294
- Investment Rating:B+
We rate PowerShares Fundamental Pure Lg Val 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 price volatility and low expense structure. 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 Fundamental Pure Lg Val has returned an annual rate of 14.45% since inception. More recently, the fund has generated a total return of 16.15% in the last three years, 5.76% in the last year, and 2.37% in the last six months. How does that compare to other equity funds? In the last three years, it has outperformed 80% of them. It has also outpaced 52% of its competitors on a one year basis for the period ending 3/31/2015. On a year to date basis, PXLV has returned -2.42%.
Downside risk has been below average. PXLV has a draw down risk of -9.54%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 11.0%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 3/31/2015, the fund was trading at a price of $30.10, which is 2.2% below its 52-week high of $30.79 and 1.0% above its 52-week low of $29.81.
Low expense ratio helps performance. On total assets of $34.50 million, PXLV maintains a low expense ratio compared to its Growth - Domestic peers of just 0.39% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As PXLV is an exchange traded fund, it has no front end or back end load.
The PowerShares Fundamental Pure Lg Val is managed by Michael C. Jeanette at Invesco Powershares Capital Mgmt LL. This fund is one of 127 Invesco Powershares Capital Mgmt LL exchange-traded funds launched since 5/1/2003 that we track.
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