Invesco PowerShares is the sponsor of the BLDRS family of exchange-traded
funds (ETFs). BLDRS (Baskets of Listed Depositary Receipts) give
investors international equity exposure through portfolios that are
flexible and liquid. |
| BLDRS are based on The Bank of New York Mellon ADR (American
Depositary Receipt) Index, a real-time index tracking U.S.-traded
depositary receipts. The BLDRS family currently includes four ETFs: two
market index funds and two regional index funds. |
| BLDRS Asia 50 ADR Index Fund (ADRA) |
| Based on The Bank of New York Mellon Asia 50 ADR Index, which is designed to track the performance of approximately 50 Asian market-based ADRs. |
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Prospectus |
Fund Details
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| BLDRS Developed Markets ADR Index Fund (ADRD) |
| Based on The Bank of New York Mellon Developed Markets 100 ADR Index, which is designed to track the performance of approximately 100 developed market-based ADRs. |
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Prospectus |
Fund Details
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| BLDRS Emerging Markets 50 ADR Index Fund (ADRE) |
| Based on The Bank of New York Mellon Emerging Markets 50 ADR Index, which is designed to track the performance of approximately 50 emerging market-based ADRs. |
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Prospectus |
Fund Details
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| BLDRS Europe Select ADR Index Fund (ADRU) |
| Based on The Bank of New York Mellon Europe Select ADR Index, which is designed to track the performance of approximately 100 European market-based ADRs. |
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Prospectus |
Fund Details
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| The BLDRS family of ETFs is designed for investors seeking international equity
exposure with maximum flexibility, liquidity and the ability to execute more advanced
investment strategies such as short selling, buying on margin, hedging risk and using
arbitrage. BLDRS seeks to deliver these potential benefits without the challenges
normally associated with international investing, such as investing in local trading
markets, inefficient trade settlements, uneven custody services and costly currency
conversions. |
| Benefits of BLDRS |
| Broad Exposure |
| Each BLDRS Index is capitalization weighted to help ensure diversification and is screened for liquidity, minimum share price and market capitalization to help with the ease of trading. Each Bank of New York Mellon ADR Index gives investors international exposure through the collective performance of each index's respective portfolio
of depositary receipts. BLDRS Funds seek to offer the advantages of indexing with the the purchase
of a single security. |
| Tax Efficiency1 |
| PowerShares BLDRS ETFs may serve as tax-efficient investment tools for shareholders
who wish to defer capital gains until the point of sale. The in-kind structure of
PowerShares BLDRS ETFs allows them to manage their taxable positions in a way
that mitigates the risk of capital gains distributions to shareholders. |
| Transparency |
| PowerShares BLDRS ETFs publish their holdings every day. All fund expenses are fully
disclosed and freely available to investors - PowerShares BLDRS ETFs have no hidden
fees. |
| Flexibility |
| PowerShares BLDRS ETFs offer investment flexibility, allowing investors to buy and
sell shares throughout the day on an exchange. Investors can use PowerShares
BLDRS ETFs to implement advanced trading techniques such as purchasing on
margin, short selling and placing limit and stop orders. |
| Trade at or Near NAV |
| PowerShares BLDRS ETFs generally trade at or near the value of the holdings that compose each fund — meaning that market speculation generally won’t drive the price of PowerShares BLDRS ETFs. Shares of PowerShares BLDRS ETFs may trade at a discount or premium to the net asset value of those underlying securities. |
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