PowerShares reportedly plans to transform a bevy of its exchange traded funds (ETFs) and the moves include changing out indexes and strategies, and slashing fees.

On June 16th, PowerShares is dropping the IntelliDex indexes and will use fundamentally weighted RAFI  indexes instead. The Dynamic Intellidex strategies use a modified, equal-dollar-weighted methodology. Along with new indexes and strategies, the seven funds, which span small-, mid-and large-cap core, growth and value strategies, will also get new names and tickers, says Hannah Glover for Ignites. [In the ETF Price War, the Winner Is…]

PowerShares is also keeping the competition stiff with the slashing of some of their ETF fees. This is a direct response to the likes of Charles Schwab, and Vanguard, who are upping the ante in the industry with low-cost ETFs. [The ETF Price War Goes To Another Level.]

Tisha Guerrero contributed to this article.

The new changes to the ETFs are below:

Old Name (Ticker)Old IndexNew Name (Ticker)New IndexOld Expense RatioNew Expense Ratio
Dynamic Large Cap PortfolioPJFFundamental Pure Large Core PortfolioPXLC0.650.39
Dynamic Mid Cap Growth PortfolioPWJFundamental Pure Mid Growth PortfolioPXMG0.630.39
Dynamic Mid Cap PortfolioPJGFundamental Pure Mid Core PortfolioPXMC0.650.39
Dynamic Mid Cap Value PortfolioPWPFundamental Pure Mid Value PortfolioPXMV0.630.39
Dynamic Small Cap Growth PortfolioPWTFundamental Pure Small Growth PortfolioPXSG0.630.39
Dynamic Small Cap PortfolioPJMFundamental Pure Small Core PortfolioPXSC0.650.39
Dynamic Small Cap Value PortfolioPWYFundamental Pure Small Value PortfolioPXSV0.630.39

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.