When a company such as PSJ splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.

Looking at the PSJ split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PSJ shares, starting with a $10,000 purchase of PSJ, presented on a split-history-adjusted basis factoring in the complete PSJ split history.

About PSJ

PowerShares Dynamic Software Portfolio is an open-end managment investment company. The Fund seeks investment results that correspond generally to the price and yield, before fees and expenses, of the Dynamic Software Intellidex. The fund normally invests at least 80% of assets in common stocks of software companies. It may invest at least 90% of assets in common stocks that comprise the Software Intellidex. The Intellidex is comprised of 30 U.S. software companies. As of Apr 30 2013, the Fund's total assets were $48,361,624 and the Fund's investment portfolio was valued at $48,360,345. According to our PSJ split history records, PSJ has had 1 split.

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