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Active Low Duration Fund (PLK) |
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WIKI ANALYSIS
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This article describes an exchange traded fund that tracks an index, commodity, currency, or varied basket of securites. View articles referencing this fund. |
PowerShares Active Low Duration Fund is a Bond ETF that seeks to provide total return by investing in a portfolio of the United States Government, corporate and agency debt securities selected by Invesco World-Wide Fixed Income. The Fund seeks to outperform its benchmark, Lehman Brothers 1-3 Year U.S. Treasury Index, by applying an actively managed, top-down portfolio construction and bottom-up security selection total return strategy.[1]
Fund Information
- Fund Manager: Invesco Power Shares
- Inception Date: 04/11/2008
- Maturity Date(Average): 08/13/2011
- Exchange: NYSE Arca
- Ticker: PLK
- Expense Ratio: .30%
Fund Characterstics
As of 9/30/2009
| Average Duration | 1.88 | ||
| Average Credit Quality† | Aa2/AA- | ||
| Average Maturity | 9/21/2011 | ||
| Average Coupon | 2.84 |
Top Holdings
Unlike conventional ETFs, the Fund is not an index fund. The Fund is actively managed and does not seek to replicate the performance of a specified index.[2]
The following table lists the components of the Active Low Duration Fund(PLK):
| Holdings | Coupon Rate | Maturity Date | Rating | Weight |
| US 2YR NOTE (CBT) DEC09 | 0.00% | 12/31/2009 | 20.02% | |
| UNITED STATES TREAS NTS 4.3750% 12/15/2010 | 4.38% | 12/15/2010 | AAA/Aaa | 16.59% |
| UNITED STATES TREAS NTS 4.1250% 8/15/2010 | 4.13% | 8/15/2010 | 12.68% | |
| US TREASURY NOTE 1.875% 06/15/2012 | 1.88% | 6/15/2012 | AAA/Aaa | 8.20% |
| U.S. TREASURY N/B 2.75% 07/31/2010 | 2.75% | 7/31/2010 | AAA/Aaa | 7.40% |
| GOLDMAN PRIME OBLIGATION | 0.00% | NR/NR | 4.90% | |
| US TRESURY NOTE 1.375% 05/15/2012 | 1.38% | 5/15/2012 | AAA/Aaa | 4.45% |
| U.S. TREASURY NOTE .875% 02/28/2011 | 0.88% | 2/28/2011 | AAA/Aaa | 4.17% |
| UNITED STATES TREASURY NOTES 1.375% 03/15/2012 | 1.38% | 3/15/2012 | AAA/Aaa | 3.94% |
| US T-NOTE 0.875% 03/31/2011 | 0.88% | 3/31/2011 | AAA/Aaa | 2.31% |
Holdings as of 10/9/2009
References
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