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PowerShares VRDO Tax Free Weekly Portfolio Stock Quote & Summary Data

(ETF)
PVI 
$24.963
*  
0.002
0.01%
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*Delayed - data as of Oct. 20, 2014  -  Find a broker to begin trading PVI now


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Description

The PowerShares VRDO Tax-Free Weekly Portfolio ("the Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an index called the Thomson Municipal Market Data VRDO Index (the "Underlying Index"). Securities included in the Thomson Municipal Market Data VRDO Index will be selected by Municipal Market Data, a unit of Thomson Financial Services. The Underlying Index is designed to track the performance of a pool of tax-exempt VRDO bonds and includes approximately 2,623 securities. The Fund will normally invest at least 80% of its total assets in variable rate demand obligation bonds that are exempt from federal income tax with interest rates that are reset weekly.


Underlying Index Thomson Municipal Market Data VRDO Index
Management Fee 0.25
Asset Class Fixed Income
Leverage 1

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