| When the definitive history of exchange-traded funds (ETFs) is written, Invesco PowerShares Capital Management LLC should be identified as a company that sparked creative ideas in the ETF industry. We believe these ideas directly contributed to the development of ETFs that went "beyond average" and drove dynamic investment strategies. |
| Invesco PowerShares is leading the intelligent ETF revolution® through its family of more than 100 domestic and international index-based ETFs and actively managed ETFs, with assets under management of $9.15 billion as of Dec. 31, 2008. PowerShares ETFs trade on both U.S. stock exchanges. |
| Invesco PowerShares is a part of Invesco Ltd., a leading independent global investment management company dedicated to helping people worldwide build their financial security. Invesco Ltd. provides a comprehensive array of investment solutions for retail, institutional and high-net-worth clients around the world. Operating in 20 countries, Invesco Ltd. is currently listed on the New York Stock Exchange under the symbol IVZ. |
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| Invesco PowerShares Capital Management LLC (formerly PowerShares Capital Management LLC) was built in 2003 on a vision of delivering investment performance through the benefit-rich ETF structure. |
| With this vision, Invesco PowerShares ushered in the era of value-added ETFs. Since the inception of the first two ETFs in May 2003, Invesco PowerShares has experienced a compound annual growth rate of 130%, more than four times that of the entire ETF industry.1, 2 |
| In January 2006, Invesco PowerShares expanded its vision by becoming a part of Invesco Ltd. (formerly Amvescap PLC), whose global presence took the Invesco PowerShares story abroad. Today, PowerShares ETFs are owned in over 130 countries and are listed on multiple exchanges throughout the world. |
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| When the first ETF was launched in 1993, its purpose was simple — to track the S&P 500 Index while trading on a major exchange. Since then, many traditional ETFs have been designed to mirror benchmark indexes. Not all investors, however, are willing to settle for simply a measure of the market. |
| For those investors that choose index funds, selecting an index that matches their investment objectives is key. Invesco PowerShares offers a collection of ETFs based on next-generation indexes for individuals with investment objectives that go beyond merely tracking the market. These indexes attempt to outperform industry averages through intelligent security selection and weighting. |
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| Invesco PowerShares has been recognized as an ETF industry leader every year following the inception of its first two funds in 2003. Specifically, Invesco PowerShares has claimed the "Most Innovative ETF" every year since 2004.3 PowerShares S&P 500 BuyWrite Portfolio (PBP), PowerShares FTSE RAFI US 1000 Portfolio (PRF) and PowerShares WilderHill Clean Energy Portfolio (PBW) are just a handful of PowerShares ETFs to have received this award. |
| As a result of its commitment to shareholders, Invesco PowerShares has also received recognition for its shareholder relations and website.4 Additionally, several key members of Invesco PowerShares have been nationally awarded and are continually recognized for their contribution to the ETF industry.5 |
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| Invesco PowerShares currently offers over 100 ETFs from 10 broad categories: |
| Access - Targeted exposure to global regions and niche markets. |
| Active - Active management within the benefit-rich ETF structure. |
| Asset Allocation - Global, risk-controlled asset allocation strategies through investment in other ETFs. |
| Earnings - Income and growth potential through dividend-paying stocks. |
| Fundamentals Weighted - Weights derived from multiple fundamentals, rather than market capitalization alone. |
| Green - Designed to benefit from a societal transition toward a greener, cleaner world. |
| Income - Fixed-income opportunities for multiple economic conditions. |
| Resources - Convenient access to commodities and currencies. |
| Selection - Quantitative strategies that seek alpha through the IntellidexSM. |
| Strategies - Designed to track innovative indexes that were created as models for investment, rather than benchmarks. |
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| To learn more about Invesco PowerShares and our investment products, please email us at info@powershares.com or call 800.983.0903. |
| In addition, Invesco PowerShares offers a series of investor guides designed to assist investors and financial advisors alike. To access these guides, please visit www.invescopowershares.com/resources/investorguides. |
| 1 Source: Invesco PowerShares Capital Management LLC, as of May 2003 – November 2008. Data does not include QQQ, BLDRS or DB ETFs. |
| 2 Source: ICI.org, as of May 2003 – November 2008 |
| 3 "Most Innovative New ETF Product" 2004, 2005, 2008 - Capital Link ETF Awards. "Most Innovative Index Fund or ETF", 2006 - William F. Sharpe Indexing Awards. "Most Innovative ETF product for the Americas" 2007 - Global ETF Awards |
| 4 "Best Shareholder Relations," "Best Investor Relations Website" 2006 - Capital Link ETF Awards |
| 5 2004 - 2008, Capital Link ETF Awards. Recipients: Bruce Bond (2004 - 2007) and Ed McRedmond (2008) |
| There are risks involved with investing in ETFs, including possible loss of money. The Fund is subject to risk similar to those of stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions apply. |
| Index-based ETFs are not actively managed. Actively managed ETFs do not necessarily seek to replicate the performance of a specified index. Both index-based and actively managed ETFs are subject to risk similar to stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions apply. |
| Investments concentrated in a single industry or sector involve substantially greater risk of loss and price fluctuations than an investment diversified across multiple industries or sector segments. |
| An investment in the securities of non-U.S. issuers involves risks beyond those associated with investments in U.S. securities, including, but not limited to: greater market volatility, the availability of less reliable financial information, higher transactional and custody costs, taxation by foreign governments, decreased market liquidity, political instability, negative impact of changes in currency exchange rates or foreign governmental regulation. |
| When we say that our ETFs are intelligent, we mean that in several different ways. |
| Our largest family of ETFs is based on Intellidexes™ — dynamic indexes that use rules-based quantitative analysis to choose stocks for their capital appreciation potential. We believe this is an intelligent way for an index to select stocks. |
| Our second-largest family of ETFs is based on FTSE RAFI indexes, which weight stocks according to fundamental economic factors. We believe this is a more intelligent weighting method than market-cap weighting. Furthermore, our fundamentally weighted ETFs are based on four factors — sales, cash flow, book value and dividends — which we believe is a more balanced, intelligent approach than weighting stocks according to just one fundamental measure. |
| We also have a wide range of ETFs that target narrow slices of the market — from niche industries to specific world regions. For investors who are interested in these niches, we believe ETFs — which invest in multiple companies within a market sector — may offer a more intelligent investment approach than stock picking. |
| Overall, no matter what the focus, all ETFs offer investors tax efficiency and trading flexibility, which make them an intelligent investment tool for investors to consider. |
| Whether you're looking for broad market exposure, specialized investment strategies or access to niche markets, we believe PowerShares ETFs represent an intelligent option for your portfolio. |
| The S&P 500® Index is an unmanaged index considered representative of the U.S. stock market. |
Shares are not individually redeemable and owners of the shares may acquire those shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations only, typically consisting of 100,000 shares. |
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Invesco PowerShares is an registered investment advisory firm headquartered in Wheaton, IL. We are the advisor and sponsor of PowerShares ETFs. |
Invesco PowerShares Capital Management LLC provides compelling investment tools and portfolios for advisors and investors. We are committed to theoretically sound portfolio construction and empirically verifiable investment management approaches. Our asset management philosophy and investment discipline is deeply rooted in the application of intuitive factor analysis and model implementation to enhance investment decisions. |
PowerShares ETFs are aligned with some of the leading ETF companies as service providers, including the American Stock Exchange LLC, The Bank of New York, LaBranche Structured Products LLC, Kellogg Capital Group, Goldman Sachs & Co. and Invesco Aim Distributors, Inc. |
