Invesco PowerShares Dynamic Market Portfolio (AMEX: PWC) recently celebrated its five-year anniversary. Since its inception through May 1, 2008, PWC outpaced the S&P 500 Index by a cumulative 21.76% and the Lipper Multi-Cap Core Mutual Fund Average by a cumulative 14.25%, without distributing a capital gain to its shareholders.

For the five-year period ended May 1, 2008, PWC had an annualized return of 13.38% and cumulative return of 87.36%, outperforming the S&P 500, that had an annualized return of 10.61% and cumulative return of 65.60%, and the Lipper Multi-Cap Core Mutual Fund Average which had an annualized return of 11.60% and cumulative return of 73.11%. This performance was achieved with similar risk characteristics as the market, as the fund had a beta of 1.02 for the five-year period.

PWC, along with the family of 39 other Dynamic ETFs, seek to provide alpha through a patented, enhanced indexing methodology. The AMEX Intellidex® Methodology is a quantitative, rules-based selection process that evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors, rather than by market-cap alone.

Additionally, 100% of the three Broad Market Intellidexes and 75% of the 21 Style and Sector Intellidexes have outperformed their respective benchmarks over the past five years.

See the standardized performance table below for complete performance information.

 

PWC Standardized Performance Chart

(click to expand)