FIN425 - PIV - ETF for Value Line

Tax rate but exclude state and local taxes market

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Unformatted text preview: e state and local taxes. Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Data shown are that of the underlying Index relative to each respective benchmark index. Alpha Beta Correlation 3-Year Index Statistics1,3 S&P Citigroup Large Cap Growth Russell 3000 Growth S&P 500 Value Line Timeliness Select S&P Citigroup Large Cap Growth Russell 3000 Growth S&P 500 -9.50 -9.93 -6.96 1.07 0.99 0.95 0.84 0.84 0.74 Fund Inception: Dec. 6, 2005 Index returns do not represent Fund returns. An investor cannot invest directly in an index. 2 Returns for the benchmark indexes are based on the closest month end to the Fund’s inception date. Fund performance figures include the reinvestment of dividends, but the return figures for the respective underlying Index do not. As a result, Fund performance returns may appear to be more favorable when compared to the underlying Index’s returns. Neither the underlying Index nor the benchmark 1 Performance (%) Volatility (%) Sharpe Ratio -11.15 -1.01 -0.92 -4.16 22.49 19.17 20.78 20.35 -0.57 -0.13 -0.12 -0.28 indexes charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown; nor do any of the indexes lend securities, and no revenues from securities lending were added to the performance shown. In addition, the results actual investors might have achieved would have differed from those shown because of differences in the timing, amounts of their investments, and fees and expenses associated with an investment in the Fund. The S&P Citigroup Large Cap Growth Index and the Russell 3000® Growth Index are unmanaged indexes considered representative of U.S. growth stocks. The S&P 500® Index is an unmanaged index considered representative of the U.S. stock market. The Russell 3000 Growth Index is a trademark/service mark of the Frank Russell Co. Russell® is a trademark of the Frank Russell Co. Shares are not FDIC insured, may lose value and have no bank guarantee. 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 Shares. PowerShares Value Line TimelinessTM Select Portfolio PIV As of March 31, 2010 Top 30 Fund Holdings (%)4 Name Weight Deckers Outdoor Corp. CarMax Inc. Perrigo Co. Urban Outfitters Inc. Cirrus Logic Inc. Viacom Inc. (Cl B) Inc. Varian Medical Systems Inc. Agilysys Inc. Netflix Inc. Solera Holdings Inc. PAREXEL International Corp. Fuel Systems Solutions Inc. Inc. Reinsurance Group of America Inc. Boston Beer Co. (Cl A) Jo-Ann Stores Inc. Estee Lauder Cos. (Cl A) Hospira Inc. CIGNA Corp. Medicis Pharmaceutical Corp. NII Holdings Inc. Edwards Lifesciences Corp. Inc. Stryker Corp. Hasbro Inc. Cognizant Te...
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This note was uploaded on 09/24/2013 for the course FIN 425 taught by Professor Sullivan during the Fall '13 term at University of Nevada, Las Vegas.

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