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The ETF: Powershares Dividend Achievers Portfolio Fund (PFM)
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Powershares Dividend Achievers Portfolio Fund
The PowerShares Dividend Achievers Portfolio Fund seeks to replicate the Broad Dividend Achievers Index, which is designed to identify a diversified group of dividend paying companies. These companies have increased their annual dividend for ten or more consecutive fiscal years. The portfolio is rebalanced quarterly and reconstituted annually.
The ETF Tracks This Index:
This fund is based on the Powershares Dividend Achievers Portfolio (DAA). You cannot buy shares in the index directly.