Seeking Alpha

PBP
PowerShares S&P 500 BuyWrite Portfolio ETF

5/26/2012, 5:37 PM ET
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PBP Market Currents more »
  • December 6, 2010 As FY2010 winds down, ETF issuers have begun announcing expected capital gains payouts for their product lines. PowerShares expects to pay (pdf) distributions on just 3 of 112 funds with a top payout on PSAU of less than 2% of NAV. iShares expects payouts on just 5 of 219 ETFs with MBB the worst offender at 2.5% of its NAV.
    Comment!
ETF Stats
  • Expense Ratio: 0.75%
  • Average Bid Ask Ratio: 0.30%
  • Tracking Error: 0.35%
  • Concentration Risk: 7.88%
  • Capital Gains Dist. %: 0.56%
  • Number of Securities: 499
  • Dividend Amount:
  • Dividend Date:
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PBP Instablog posts more »
  • High Yield ETFs For The Income Investor
    Fri, Jan 13 • Greg Group • Comment!
  • The Big Move: Financials Are Positioned for Significant Advance
    Mon, Jan 9 • Justin M. Hall • 3 Comments
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PBP Description
The PowerShares S&P 500 BuyWrite Portfolio (Fund) is based on the CBOE S&P 500 BuyWrite Index (Index). The Fund will normally invest at least 80% of its total assets in common stocks of the 500 companies included in the S&P 500® Index and will write (sell) call options thereon. The Index measures the total rate of return of an S&P 500® covered call strategy. This strategy consists of holding a portfolio indexed to the S&P 500® (Reference Index) and selling a succession of written options, each with an exercise price at or above the prevailing price level of the S&P 500®. The CBOE S&P 500 BuyWrite Index provides a benchmark measure of the total return performance of this hypothetical strategy. Dividends paid on the component stocks underlying the S&P 500® and the dollar value of option premiums received from written options are reinvested.
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Country: United States
Key Info