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Elkhorn Sector Neutral Portfolio of DWA ETFs, 2
Portfolio Summary
Inception Date
8/4/2015
Ending Date
8/2/2017
Term
2 yrs
Status
Secondary
Initial Offer Price
$10.00
Ticker
ELKSBX
CUSIPs
28776P123 (c)
28776P198 (r)
Fee Cusips
28776P206 (c)
28776P214 (r)
Number of Holdings
9
Distribution Frequency
Semi-annual
Est. Net Annual Distribution³
$0.0724
 
Pricing Details
NAV
$9.498
Offer
$9.889
Liquidation
$9.498
As of 4/25/2017
 
For the first time in a UIT, the Elkhorn Sector Neutral Portfolio of DWA ETFs offers investors exposure to Dorsey Wright’s dynamic relative strength methodology through the rebalance feature of the Portfolios underlying DWA Sector ETFs. The Portfolio offers investors the opportunity to participate in a momentum-based, sector-neutral investment strategy while maintaining broad market equity exposure.
Top 10 Holdings
As of 4/25/2017
PowerShares DWA Technology Momentum Portfolio21.03%   PowerShares DWA Consumer Staples Momentum Portfolio10.04%
PowerShares DWA Financials Momentum Portfolio16.34%   PowerShares DWA Energy Momentum Portfolio6.68%
PowerShares DWA Healthcare Momentum Portfolio12.73%   PowerShares DWA Utilities Momentum Portfolio6.66%
PowerShares DWA Consumer Cyclicals Momentum Portfolio11.72%   PowerShares DWA Basic Materials Momentum Portfolio3.54%
PowerShares DWA Industrials Momentum Portfolio11.27%   --
Subject to change
Pricing Summary
As of 4/25/2017
Volume Breakpoints¹
Less than $50,000
3.95%
$50,000 - $99,999
3.70%
$100,000 - $249,999
3.45%
$250,000 - $499,999
3.10%
$500,000 - $999,999
2.95%
$1,000,000 or more
2.45%
 
Sales Charges
Up-Front
1.00%
Deferred²
2.45%
Creation & Development Fee
0.50%
Total
3.95%
Sales charge is based on a $10 per unit offering
Holdings
As of 4/25/2017 Export Holdings
TickerNameWeight
PTF PowerShares DWA Technology Momentum Portfolio21.03%
PFI PowerShares DWA Financials Momentum Portfolio16.34%
PTH PowerShares DWA Healthcare Momentum Portfolio12.73%
PEZ PowerShares DWA Consumer Cyclicals Momentum Portfolio11.72%
PRN PowerShares DWA Industrials Momentum Portfolio11.27%
PSL PowerShares DWA Consumer Staples Momentum Portfolio10.04%
PXI PowerShares DWA Energy Momentum Portfolio6.68%
PUI PowerShares DWA Utilities Momentum Portfolio6.66%
PYZ PowerShares DWA Basic Materials Momentum Portfolio3.54%
Subject to change
Ex-Dividend Date Record Date Payable Date Principal Distribution Income/Interest Distribution Total Distribution
12/29/2015 12/31/2015 1/8/2016 $0.0000 $0.0203 $0.0203
Subject to change
Fund Materials
Fact Sheet
Fund Documents
Propectus
¹ As a % of the Public Offering Price
² The deferred sales charge (DSC) will be deducted in monthly installments on the last business day commencing March 25, 2016 and ending May 25, 2016. If units are redeemed prior to the DSC period, the entire DSC will be collected. For unit prices other than $10, percentages of initial sales charge, the creation and development fee and DSCs will vary. Early redemption of units will still cause payment of the DSC.
³ Estimated Net Annual Distribution is based on the Portfolio's first year of operation and is subject to change. The Rate is calculated by dividing the Estimated Net Annual Distribution by the initial $10.00 unit price. The amount of distributions paid by the Portfolio’s securities may be lower or greater than the above stated amount due to certain factors that may include, but are not limited to, a change in the dividends paid by issuers, a change in Portfolio expenses or the sale or maturity of securities in the portfolio. Fees and expenses of the Portfolio may vary as a result of a variety of factors including the Portfolio's size, redemption activity, brokerage and other transaction costs and extraordinary expenses.
IMPORTANT RISK INFORMATION
The ETFs the Portfolio invests in will generally hold, and may continue to buy, the same securities even though a security's outlook, rating, market value or yield may have changed. As with all investments, you may lose some or all of your investment in the Portfolio.
The Portfolio invests in shares of ETFs, which are subject to various risks including management's ability to meet the fund's investment objective. Shares of ETFs may trade at a discount from their net asset value in the secondary market and their net asset value may decrease. By investing in ETFs, the Portfolio incurs greater expenses than you would incur if you invested directly in the ETFs. The Portfolio is subject to an ETF's index correlation risk.
Certain ETFs held by the Portfolio may invest in foreign securities. These securities presents additional risk, including increased volatility compared to U.S. securities due to such factors as adverse economic, currency, political, social or regulatory developments in a country, including government seizure of assets, excessive taxation, limitations on the use or transfer of assets, the lack of liquidity or regulatory controls with respect to certain industries or differing legal and/or accounting standards.
Foreign security risk may be more pronounced in emerging markets due to trading limitations, liquidity concerns, delays and disruptions in settlement transactions, political uncertainties and dependence on international trade and development assistance.
The ETFs the Portfolio invests in may include securities issued by small- and mid-cap companies. These securities customarily involve more investment risk than securities of large-cap companies. Small- and mid-cap companies may have limited product lines, markets or financial resources and may be more vulnerable to adverse general market or economic developments.
Read the Portfolio's prospectus carefully before investing. It contains the Portfolio's investment objectives, risks, charges, expenses and other information, which should be considered carefully before investing.