CHICAGO, IL--(Marketwired - Dec 12, 2014) - Invesco PowerShares Capital Management, LLC, a leading global provider of exchange-traded funds (ETFs), announced today that it expects to deliver capital gains distributions across 9 of 116 equity and fixed-income ETFs for 2014.
"For another year, the majority of Invesco PowerShares' product line did not have capital gains distributions," said Dan Draper, Managing Director and Head of Invesco PowerShares. "This underscores one of the many advantages ETFs can potentially provide shareholders seeking to maximize real returns. As a leader in the Smart Beta revolution, Invesco PowerShares provides investors and financial advisors with the opportunity for potential tax efficiency, trading flexibility, and access to strategies that go beyond market capitalization-weighted indexes."
All but two of these Funds are expected to see long-term capital gains distributions under 1% of net asset value (NAV) per share. These funds include:
|ETF Name||Ticker||Estimated Distribution |
|Estimated Distribution (per share) |
|Total Estimated Distribution (per share)|
|PowerShares KBW Bank Portfolio||KBWB||$.015 - $.020||$.015 - $.020|
|PowerShares KBW Capital Markets Portfolio||KBWC||$.265 - $.30||$.035 -$.040||$.30 - $.34|
|PowerShares KBW Property and Casualty Insurance Portfolio||KBWP||$.06 - .07||$.03 - $.04||$.09 - $.11|
|PowerShares NYSE Century Portfolio||NYCC||$.02 - $.03||$.002 - $.004||$.022 - $.034|
|PowerShares S&P 500 BuyWrite Portfolio||PBP||$.16 - $.18||$.16 - $.18|
|PowerShares S&P 500 Downside Hedged Portfolio||PHDG||$1.13 - $1.17||$.10 - .12||$1.23 - $1.29|
|PowerShares Dynamic Pharmaceuticals Portfolio||PJP||$1.30 - 1.34||$.34 - $.36||$1.64 - $1.70|
|PowerShares S&P SmallCap Consumer Staples Portfolio||PSCC||$.14 - $.16||$.53 - $.56||$.67 - $.72|
|PowerShares S&P SmallCap Health Care Portfolio||PSCH||$.53 - $.57||$.86 - $.90||$1.39 - $1.47|
|Distributions are estimates and subject to change.|
The ex-date for the 2014 capital gains distributions is anticipated to be Wednesday, December 24, 2014. The record date is anticipated to be Monday, December 29, 2014, and the payable date is anticipated to be Wednesday, December 31, 2014.
Invesco PowerShares provides a number of resources and a broad menu of ETF investment solutions to assist investors as they consider year-end tax management strategies with their advisors. Please visit the PowerShares Tax Center at http://pwr.sh/tax to access.
About Invesco PowerShares Capital Management LLC and Invesco, Ltd.
Invesco PowerShares Capital Management LLC is leading the Intelligent ETF Revolution® through its family of more than 170 domestic and international exchange-traded funds, which seek to outperform traditional benchmark indexes while providing advisors and investors access to an innovative array of focused investment opportunities. With franchise assets of over $100 billion1 as of November 30, 2014. PowerShares ETFs trade on both US stock exchanges. For more information, please visit us at invescopowershares.com or follow us on Twitter @PowerShares.
Invesco Ltd. is a leading independent global investment management firm, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.
1US franchise assets include QQQs, BLDRS and DB Funds. ALPS Distributors, Inc. is the distributor of PowerShares QQQ, BLDRS Funds and PowerShares DB Funds. PowerShares QQQ and BLDRS Funds are unit investment trusts. Invesco PowerShares and Invesco Distributors, Inc. are not affiliated with ALPS Distributors, Inc.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Important Risk Information
There are risks involved with investing in ETFs, including possible loss of money. Index-based ETFs are not actively managed. Actively managed ETFs do not necessarily seek to replicate the performance of a specified index. Both index-based and actively managed ETFs are subject to risks similar to stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Index.
Investments focused in a particular industry are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
The Funds are subject to certain other risks. Please see each Funds' respective prospectus for more information regarding the risks associated with each Fund.
Note: Not all products are available through all firms.
There is no guarantee that the Funds will not distribute capital gains to its shareholders.
Shares are not individually redeemable and owners of the shares may acquire those shares from the Fund and tender those shares for redemption to the Fund in Creation Unit aggregations only, typically consisting of 50,000, 75,000,100,000 or 200,000 shares.
PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC (Invesco PowerShares). Invesco PowerShares and Invesco Distributors, Inc. are indirect, wholly owned subsidiaries of Invesco Ltd.
Invesco Distributors, Inc. is the distributor of the PowerShares Exchange-Traded Fund Trust II.
Note: Not all products available through all firms or in all jurisdictions.
Before investing, investors should carefully read the prospectus/summary prospectus and carefully consider the investment objectives, risks, charges and expenses. For this and more complete information about the Fund call 800 983 0903 or visit invescopowershares.com for the prospectus/summary prospectus.