Asset Class: Small Cap
ETF Structure: Open-End Fund
PowerShares FTSE RAFI1500 (PRFZ) ETF Snapshot
The PowerShares FTSE™ RAFI US 1500 Small-Mid Portfolio (Fund) seeks to replicate, before fees and expenses, the FTSE™ RAFI US 1500 Small-Mid Index. The objective of the Index is to track the performance of small and medium-sized U.S. companies. Companies are selected based on the following four fundamental measures of size: book value, cash flow, sales and dividends. Each of the equities with a fundamental weight ranking of 1,001 to 2,500 is then selected and assigned a weight equal to its fundamental weight. The fundamentally weighted portfolio is rebalanced and reconstituted annually.
* Trading Characteristics Definitions Spread : The average dollar difference between the best bid and best offer across all exchanges for the specified time period, weighted by volume. *Spread : Is the monthly average of the daily spread. % Spread : The average spread amount divided by the average bid-ask midpoint, weighted by volume. Share Volume : Composite Volume - total number of shares traded on all exchanges and Nasdaq. Dollar Volume : Dollar amount of shares traded on each exchange for the specified symbol, based on the stocks average price for the time period specified.