Exchange-traded fund provider Invesco PowerShares Capital Management expects to deliver zero long-term capital gains distributions across 108 of 115 equity and fixed-income ETFs for 2013.
“At Invesco PowerShares we are proud of our product line’s tax efficient track record,” says Dan Draper, Invesco PowerShares managing director of global ETFs. “Once again this year, we are pleased to report that the vast majority of PowerShares ETFs did not have long-term capital gains distributions.”
The seven PowerShares ETFs expected to make capital gains distributions this year represent less than one per cent of total franchise assets. All seven of these funds are expected to see long-term capital gains distributions under one per cent of NAV per share. These funds include:
PowerShares KBW Property & Casualty Insurance Portfolio (KBWP) USD0.045 – USD0.050
PowerShares S&P 500 BuyWrite Portfolio (PBP) USD0.006 – USD0.010
PowerShares Fundamental Investment Grade Corporate Bond Portfolio (PFIG) USD0.010 – USD0.015
PowerShares S&P SmallCap Financials Portfolio (PSCF) USD0.028 – USD0.033
PowerShares Fundamental Pure Large Growth Portfolio (PXLG) USD0.017 – USD0.021
PowerShares Fundamental Pure Large Value Portfolio (PXLV) USD0.015 – USD0.018
PowerShares S&P 500® High Dividend Portfolio (SPHD) USD0.016 – USD0.021
Distributions are estimates and subject to change.
The ex-date for the 2013 capital gains distributions is anticipated to be 24 December. The record date is anticipated to be 27 December and the payable date is anticipated to be 31 December 2013.