PowerShares Build America Bond Portfolio (BAB)
| 30.47 Data as of 3:59pm ET |  +0.13 / +0.43%Today’s Change | 29.10 Today|||52-Week Range 31.15 | +0.76% Year-to-Date |
Investment Objective
The investment seeks investment results that generally correspond to the price and yield (before fees and expenses) of the BofA Merrill Lynch Build America Bond Index (the "underlying index"). The fund generally invests at least 80% of its total assets in taxable municipal securities eligible to participate in the Build America Bond program created under the American Recovery and Reinvestment Act of 2009 (the "Act") or other legislation providing for the issuance of taxable municipal securities on which the issuer receives federal support of the interest paid ("Build America Bonds") and that comprise the underlying index.
Latest BAB News
| Build America Bond Portfolio (BAB) Shares Cross Below 200 DMA May 15 / TheStreet.com |
Performance
| 1 month | -1.27% | 3 years | +10.74% | |
| 3 months | +1.99% | 5 years | -- | |
| 1 year | +6.85% | Since inception | +11.53% |
Data through 05/21/2013
Quote Details
| Previous close | $30.34 |
| Open day’s range | 30.27 – 30.49 |
| Net asset value (NAV) | 30.34 (05/20/2013) |
| Daily volume | 287,214 |
| Average volume (3 months) | 244,420 |
Data as of 3:59pm ET, 05/21/2013
Peer Comparisonvs. Long-term bond ETFs
| BAB | Category | |
|---|---|---|
| Performance 5-yr return | -- | +6.59% |
| Expense Gross exp ratio | 0.28% | 0.31% |
| Risk 5 year sharpe ratio | -- | 0.54 |
| Net assets | $1.1B | $2.1B |
| Average market cap | -- | -- |
| Average P/E | -- | -- |
| Dividend / Share | -- | 0.22% |
Competitors
| ILTB iShares Core Long-Term U.S. Bond ETF |
| BLV Vanguard Long-Term Bond ETF |
| CLY iShares 10+ Year Credit Bond Fund |
Holdings
Top 5 SectorsPortfolio weighting
| Business service | -- |
| Consumer goods | -- |
| Consumer service | -- |
| Energy | -- |
| Financial service | -- |
Top 10 HoldingsPortfolio weighting
| -- North Tex Twy Auth 8.91% | 2.13% |
| -- Los Angeles Calif Uni Sch Dist 6.758% | 1.91% |
| -- Chicago Ill O Hare Intl Arpt R Ge 6.395% | 1.86% |
| -- Chicago Ill Brd Ed Go Bds 6.138% | 1.61% |
| -- California St Go Bds 6.509% | 1.54% |
| -- Illinois St Go Bds 5.563% | 1.52% |
| -- Municipal Elec Auth 7.055% | 1.51% |
| -- Florida St Governmental Util A Ut 6.548% | 1.48% |
| -- New York N Y Go Bds 5.968% | 1.47% |
| -- California St Go Bds 7.6% | 1.41% |