Active AlphaQ Fund (PQY)

Jutia Group  Oct 11  Comment 
The two oldest actively-managed ETFs are no longer with us.  September 30, 2011 marked the last day of trading for PowerShares Active Alpha Multi-Cap (PQZ) and PowerShares Active AlphaQ (PQY).  Both were launched on April 11, 2008.  Their...
Wall Street Sector Selector  Nov 8  Comment 
The daily transparency required of actively-managed ETFs in the US has been one of the main selling points of these new products, while at the same time being probably the biggest hurdle(...)Read the rest of How Fully-Transparent Active ETFs Are...
Wall Street Sector Selector  Jul 16  Comment 
I was a bit skeptical when I started to see “actively managed ETFs” popping up over the past couple years, so I thought I’d take a look at one of the larger ones and see how it’s performed vs. the(...)Read the rest of Actively Managed ETF...
ActiveETFs | InFocus  Jun 22  Comment 
The Active AlphaQ Fund (PQY) is PowerShares’ largest actively-managed ETF with about $21 million in assets at the end of May 2010. The AlphaQ fund has been one of the few Active ETFs provided by PowerShares that has gained some sort of traction...
ActiveETFs | InFocus  Feb 4  Comment 
PQY is an actively managed ETF that invests at least 95% of its assets in 50 Nasdaq-listed securities based on a methodology which involves rating companies with market caps greater than $500 million and ranking them using AER’s proprietary...


Active AlphaQ Fund (PQY)


The PowerShares Active AlphaQ Fund (Fund) rates the stocks of companies with more than $400 million market cap (about 3,000 stocks) that are traded in the United States. Weekly, the Fund's Sub-Adviser generates a master stock list that ranks these stocks, segmented by market cap, based on its proprietary stock-ranking methodology. Stocks are selected based on factors such as strong earnings growth, low valuations and positive money flow. Fund managers then define their universe as the 100 largest Nasdaq-listed Global Market Securities from their master stock list. The Fund then generally selects and purchases approximately 50 stocks.

The Fund generally invests in a portfolio of 50 Nasdaq–listed securities selected using a unique stock-screening methodology developed by AER Advisors, Inc.


Fund Information

  • Fund Manager - Invesco PowerShares
  • Inception Date - 04/11/2008
  • Exchange - New York Stock Exchange Arca
  • Index Ticker - PQY
  • Intra-day NAV Ticker - PQY.IV
  • Expense Ratio - 0.75%

Top Holdings

Name % of Fund
Joy Global Inc. 3.03%
Citrix Systems Inc. 2.83%
NetApp Inc. 2.61%
eBay Inc. 2.59%
Millicom International Cellular S.A. 2.58%
Asiainfo Holdings Inc. 2.50%
Life Technologies Corp. 2.48%
Liberty Media Corp. Series A Liberty Entertainment 2.47%
Marvell Technology Group Ltd. 2.34%
Warner Chilcott Plc 2.28%

Holdings as of 20/10/2009


  1. - Overview of Active AlphaQ Fund (PQY)
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