PKW

PowerShares Buyback Achievers Portfolio
A

61
  • Overview
  • Efficiency
  • Tradability
  • Fit

PKW Fund Description

The PowerShares Buyback Achievers Portfolio tracks a market-cap-weighted index of stock in U.S. firms that repurchased at least 5% of their outstanding shares in the previous 12 months.

PKW Factset Analytics Insight

PKW holds stocks in firms that have purchased significant chunks of their own stock. The idea is simple: A firm's own managers know the best valuation of its stock, and if it's undervalued, they'll buy it up, assuming they have the cash. There are criticisms of this approach: perhaps the firm has nothing better to do with its earnings because it's a cash cow with no growth opportunities. Buybacks also buoy earnings-per-share without adding enterprise value. But for investors who want access to the buyback trend, PKW provides easy access, though it's worth noting that its novel thesis still yields a fund that looks like the broader market in some ways. Unlike some niche peer ETFs, the fund doesn't reach far down the market cap spectrum. Instead, large caps dominate PKW's small basket, which also has some major sector biases toward consumer cyclicals and away from healthcare. It trades easily with tight spreads. However, it is expensive to hold, with some high fees for its segment.

PKW MSCI ESG Analytics Insight

The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of November 21, 2017 the PowerShares Buyback Achievers Portfolio MSCI ESG Fund Quality Score is 4.95 out of 10.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. PKW ranks in the 42nd percentile within its peer group and in the 32nd percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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PKW Top 10 Countries

PKW Top 10 Sectors

PKW Top 10 Holdings View All

PKW Summary Data

PowerShares
12/20/06
Open-Ended Fund
0.63%
$1.29B
$2.41M
0.04%

PKW Portfolio Data

$56.05B
17.51
2.84
1.03%
12/18/17
223

PKW Index Data

Market Cap
Share Buybacks
MSCI USA Investable Markets_net

Related ETFs to PKW

QUAL, DGRO, MOAT, FNDB, RYJ
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

PKW Portfolio Management

0.63%
-0.76%
-0.7%
-0.88%

PKW Tax Exposures

20% / 39.6%
--
Qualified dividends
No

PKW Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
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BIDS----
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LAST 10 TRADES
TIMEPRICESHARES
15:54:0855.88321
13:32:2155.9055
11:19:0555.971
11:18:5555.97100
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Bats BZX Real-time Quote - 23:59:59
Daily Spread
Premium/Discount
Volume

PKW Factset Analytics Block Liquidity

As of 11/22/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of PKW. PKW is rated a 5 out of 5.

PKW Tradability

45,132
$2.41M
34,435
$1.87M
0.04%
$0.02
-0.03%
0.1% / -0.09%
None
100%
50,000
0.69
0.02%
0.02%
328
$55.92
5

PKW Sector/Industry BreakdownView All

PKWSegment Benchmark
10.96% 26.67%
18.40% 25.01%
12.80% 23.93%
21.74% 11.38%
13.82% 7.48%
5.67% 1.67%
2.89% 0.29%

PKW Geographic Exposure

PKWSegment Benchmark
99.79% 99.96%
0.01% 0.04%
0.04% --
0.09% --
0.05% --
0.01% --
0.00% --
0.00% --
0.01% --

PKWSegment Benchmark
99.88% 99.96%
0.07% 0.04%
0.04% --
99.96% / 0.04% 100.00% / 0.00%

PKW Performance Statistics

0.82
1.09
1.01
1.11
0.25%
MSCI USA Investable Markets_net

PKW MSCI ESG Ratings

4.95 / 10
41.83
32.14
15.32%
6.25%
82.39

PKW BENCHMARK COMPARISON

    PKW
    223 Holdings
    Segment Benchmark
    2422 Constituents
    Shared Holdings
    205 (Count)
     
    8.39% (Weight)
PKWSegment Benchmark
144.93 B 56.05 B
79.14% 73.55%
15.84% 21.47%
4.64% 4.45%
0.38% 0.52%
1.81% 1.64%
Low Medium