That is an important point because PEY has a deep value bias, an advantage that has proven useful at a time when some broad market exchange traded funds that emphasize value stocks are acting growthier than their growth ETF counterparts. Over the trailing three- and five-year periods, the NASDAQ US Dividend Achievers 50 Index, PEY’s underlying index, has outperformed the S&P 500 Value Index, according to PowerShares data.
That index is comprised of 50 stocks selected principally on the basis of dividend yield and consistent growth in dividends, notes PowerShares. With a trailing 12-month yield of 3.36% PEY charges 0.57% per year and pays a monthly dividend.
PowerShares High Yield Equity Dividend Achievers Portfolio