Invesco PowerShares
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The PowerShares Chinese Yuan Dim Sum Bond Portfolio (Fund) seeks investment results that generally correspond (before fees and expenses) to the price and yield performance of the Citigroup Dim Sum (Offshore CNY) Bond Index (the “Underlying Index”). The Fund normally will invest at least 90% of its total assets in Yuan-denominated bonds that comprise the Underlying Index. The Underlying Index includes fixed-rate securities issued by governments, agencies, supranationals, and corporations. The bonds within the Underlying Index generally have a fixed rate coupon (excluding zeros), a minimum maturity of one year and a minimum size outstanding of 1 billion Yuan. The Fund is rebalanced and reconstituted monthly.


Date   5/15/2012  
Price   24.05  
Bid/Ask Midpoint   24.51  
 
NAV   23.96  
Bid/Ask Prem/Disc   0.54  
Bid/Ask Prem/Disc   2.27%  

 As of 3/31/2012
Index History (%)YTD1 Year3 Year5 Year10 YearFund Inception
Citigroup Dim Sum (Offshore CNY) Bond Index3.68    4.70
BofA Merrill Lynch Global Broad Market Corporate Index3.963.389.685.749.012.51
Fund History (%)YTD1 Year3 Year5 Year10 YearFund Inception
NAV3.09    2.42
After Tax Held2.78    1.85
After Tax Sold2.01    1.57
Market Price4.27    0.00

This is a new Fund and has no full-year Fund performance to report as of most recent quarter end.


Monthly Standardized Report


Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. Fund performance reflects fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV.


An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

  Bid/Ask MidPoint Above NAV Bid/Ask Midpoint Below NAV
Quarter
Ending
Days 50-99
Basis Points
100-199
Basis Points
H200
Basis Points
50-99
Basis Points
100-199
Basis Points
H200
Basis Points
3/31/2012 62 16 33 1 0 0 1
12/31/2011 63 13 20 3 1 3 0
9/30/2011 6 1 2 3 0 0 0
Fund Inception: 9/23/2011

Ex-DateRecord DatePay Date$ / ShareOrdinary IncomeShort Term GainsLong Term GainsReturn of Capital
5/15/20125/17/20125/31/20120.062080.06208N.A.N.A.N.A.
4/13/20124/17/20124/30/20120.064080.06408N.A.N.A.N.A.
3/15/20123/19/20123/30/20120.074080.07408N.A.N.A.N.A.
2/15/20122/17/20122/29/20120.06590N.A.N.A.N.A.0.06590
1/13/20121/18/20121/31/20120.06683N.A.N.A.N.A.0.06683
12/15/201112/19/201112/30/20110.065000.06500N.A.N.A.N.A.
11/15/201111/17/201111/30/20110.109560.10956N.A.N.A.N.A.
 
Distribution Information


Fund Holdings subject to change  
  Coupon RateMaturity DateRatingWeight
1. CHINA GOVERNMENT BND REGS 1.40%8/18/2016AA-/Aa35.20%
2. AMERICA MOVIL SAB DE CV 3.50%2/8/2015A-/A22.71%
3. ASIAN DEVELOPMENT BANK 10-202.85%10/21/2020AAA/Aaa2.69%
4. EMIRATES NBD PJSC 4.88%3/12/2015NR/A32.69%
5. FORD MOTOR COMPANY REGS 3-154.88%3/26/2015BB+/N.A.2.68%
6. CATERPILLAR FINANCIAL SER CORP 2.90%3/16/2014A/A22.67%
7. BAOSTEEL GROUP CORP LTD REGS 3.13%12/1/2013A/A32.67%
8. KFW 2.00%5/21/2014AAA/Aaae2.67%
9. BECL INVESTMENT HOLDING 4.75%2/21/2014NR/NR2.66%
10. CHINA GOVERNMENT BOND 1.00%12/1/2013AA-/Aa32.65%
As of 5/15/2012
View All Fund Holdings


 
% of Fund 
0 - 1 years1.31 
1 - 586.77 
5 - 1010.58 
10 - 151.34 
15 - 200.00 
20 - 250.00 
25 and Over0.00 
As of 5/15/2012
 


Credit ratings are assigned by Nationally Recognized Statistical Rating Organizations based on assessment of the credit worthiness of the underlying bond issuers. The ratings range from AAA (highest) to D (lowest) and are subject to change. Not rated indicates the debtor was not rated, and should not be interpreted as indicating low quality. For more information on rating methodologies, please visit the following NRSRO websites: standardandpoors.com and select "Understanding Ratings" under Rating Resources and moodys.com and select "Rating Methodologies" under Research and Ratings.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund’s return may not match the return of the Underlying Index.

The Fund may invest in fixed-income securities, such as notes and bonds, which carry interest rate and credit risk. Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa. Credit risk is the risk of loss on an investment due to the deterioration of an issuer's financial health.

Global bonds are subject to the same risks as other debt issues, notably credit risk, market risk, interest rate risk and liquidity risk. Investments in the securities of non-U.S. issuers involve risks beyond those associated with investments in U.S. securities, including greater market volatility, the availability of less reliable financial information, higher transactional costs, taxation by foreign governments, decreased market liquidity and political instability.

Adverse economic conditions, such as unfavorable or volatile currency exchange rates and interest rates, political events or other conditions may cause the Chinese government to intervene and impose "capital controls," including the prohibition of, or restrictions on, the ability to transfer currency, securities or other assets.

There are special risks associated with investing in securities designed to provide exposure to Chinese Yuan, such as Yuan-denominated bonds in which the Fund will invest. The Chinese government maintains strict currency controls and regularly intervenes in the currency market. As a result, the value of the Yuan, and the value of Yuan-denominated securities, may change quickly and arbitrarily, potentially impacting the availability, liquidity, and pricing of securities designed to provide offshore investors with exposure to Chinese markets.

The Fund invests at least 80% of its assets in Chinese Yuan-denominated bonds issued and settled outside of mainland China. Because the Fund’s net asset value (NAV) is determined in U.S. dollars, the NAV could decline if the currency of the non- U.S. market in which the Fund invests depreciates against the U.S. dollar, even if the value of the Fund’s holdings increases, as measured in the foreign currency, including securities denominated in the Chinese Yuan. In addition, if the Chinese currencies, the Renminbi, which is traded in mainland China and the Yuan, which is traded off-shore (traded as "CNH" in Hong Kong), diverge in value, that divergence could negatively impact the Fund.

The Fund’s underlying securities may be subject to call risk, which may result in the Fund having to reinvest the proceeds at lower interest rates, resulting in a decline in the Fund’s income.

The Fund’s use of a representative sampling approach will result in its holding a smaller number of securities than are in the underlying Index, and may be subject to greater volatility.

The Fund is considered non-diversified and may be subject to greater risks than a diversified fund.

Investments focused in a particular industry are subject to greater risk, and are more greatly impacted by market volatility than more diversified investments.

Unlike most ETFs, the Fund currently intends to effect redemptions principally for cash and partially in-kind, rather than primarily in-kind redemptions because of the nature of the Fund’s investments. As such, investments in Shares may be less tax efficient than investments in conventional ETFs.

The Fund may invest in non-investment grade, or high-yield, securities (junk bonds). High-yield securities have additional risks, including interest rate changes, decreased market liquidity and a larger amount of outstanding debt than investment grade securities.

Sovereign debt securities are subject to the additional risk that — under some political, diplomatic, social or economic circumstances — some developing countries that issue lower quality debt securities may be unable or unwilling to make principal or interest payments as they come due. The fund may have limited legal recourse against the issuer and/or guarantor of sovereign debt when default occurs. As a holder of government debt, the Fund may be requested to participate in the rescheduling of such debt and to extend further loans to government debtors.

Shares are not individually redeemable and owners of the Shares may acquire those shares from the Fund and tender those shares for redemption to the Fund in Creation Units only, typically consisting of aggregations of 50,000 shares.

The BofA Merrill Lynch Global Broad Market Index tracks the performance of investment grade debt publicly issued in the major domestic and eurobond markets.

The Fund is not sponsored, endorsed, sold or promoted by Citigroup Index LLC (Citigroup Index) or any of its affiliates (collectively, Citigroup). Citigroup Index makes no representation or warranty, express or implied, to the owners or prospective owners of shares of the Fund or any member of the public regarding the advisability of investing in securities generally or in the Fund particularly, or the ability of the Fund to track the price and yield performance of the Dim Sum Bond Index or the ability of the Dim Sum Bond Index to track general bond market performance.

As of 5/16/2012 3:59 PM EST
Last Trade $24.01
Current IIV $23.79
Change -0.04
% Change -0.16%
As of 5/15/2012
Market Close
NAV 23.96
As of 5/15/2012
SEC 30 Day Yield 3.54%
Distribution Yield 1.04%
12 Month Yield N/A
As of 5/14/2012
Effective Duration 2.85yrs
Modified Duration 2.87yrs
Yield to Maturity 4.11%
Yield to Worst 4.09%
Years to Maturity 3.21
Weighted Avg Coupon 3.40%
Weighted Avg Price
as of 5/15/2012
15.60
As of 5/16/2012
Previous Close $24.05
Open $24.00
Today's High $24.01
Today's Low $23.96
Today's Volume 143,000
52 Week High $27.00
52 Week Low $22.22
Shares Outstanding 0.50MM
Market Value $12.0MM
Fund Ticker DSUM
CUSIP # 73937B753
ISIN US73937B7617
Intraday NAV DSUM.IV
Index Ticker CCDSBIU
Index Provider  Citigroup
Management Fee 0.45%
Acquired Fund Fees & Expenses 0.01%
Expense Ratio 0.46%
Marginable Yes
Short Selling Yes
Options No
Exchange NYSE Arca
Inception Date 9/23/2011
# of Holdings
as of 5/15/2012
58
1 year | 3 year | YTD
Interactive Charting
As of 5/15/2012
S&PMoody's
AAA: 5%Aaa: 3%
AA: 24%Aa: 21%
A: 20%A: 19%
BBB: 5%Baa: 4%
BB: 6%Ba: 1%
Not Rated: 39%Not Rated: 53%
The midpoint between the highest bid and the lowest offer, as of the time that the Fund's NAV is calculated, generally around 4 pm (eastern time).
Calculation of the premium or discount of the Bid/Ask Midpoint price at the time of calculation of the NAV against such NAV.
The Intraday Indicative Value for an ETF is typically published under a separate symbol every 15 seconds over the Consolidated Tape and calculated throughout the trading day based on the last sale prices of the securities specified for creation and redemption plus any estimated cash amounts associated with the creation unit, all on a per-ETF share basis.
A standard yield calculation developed by the Securities and Exchange Commission that allows for a common ground comparison of yield performance. It is based on the most recent 30-day period. It is calculated by dividing the net investment income (less expenses) per share over a 30-day period by the current maximum offering price.
The yield represents a single distribution from the fund and does not represent the total return of the fund. The yield is calculated by annualizing the most recent distribution and dividing by the fund NAV from the as of date. N/A will be displayed if the fund did not make a distribution in the most recent quarter.
The sum of a fund's total trailing 12-month interest and dividend payments divided by the last month's ending share price (NAV) plus any capital gains distributed over the same period.
For a description of the application of the Expense Cap and the Gross Ratio and Net Ratio please see the Fund's current prospectus.
Provides the total gross annual fund operating expenses per the Fund's current prospectus.
The Adviser has voluntarily waived of its fee. The fee waiver may be modified or terminated by the Adviser after .
The Adviser has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding distribution fees, if any, brokerage expenses, taxes, interest, litigation expenses and other extraordinary expenses) from exceeding of the Fund’s average daily net assets per year until at least and neither the Adviser not the Fund can discontinue the agreement prior to its expiration.
The Fund’s pro rata portion of the cumulative expenses charged by the Underlying holdings in which the Fund invests.
Provides the expected expense ratio charged to shareholders per the Fund's current prospectus and reflects the investment advisor's contractual agreement to waive a portion of its fees and/or pay Fund expenses at least until 5/16/2012
The share price divided by earnings per share.
The price per share divided by accounting book value per share.
Net income divided by net worth.
The average market value of a company's outstanding securities, excluding current liabilities. Under $3.5 billion is generally considered small cap; $3.5 billion to $9 billion is mid cap; and over $9 billion is large cap.
The sum of each holding's price multiplied by its weight.
A method of calculating an average value that lessens the impact of large outliers and increases the impact of small ones.
This number indicates the number of trading days represented within the most recent quarter displayed.
New lower expenses. Click icon for more information.
A measure of a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. This duration measure is appropriate for bond with embedded options.
A measure of a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. This duration measure is appropriate for option-free bonds.
The amount by which a CEF's market price is greater or less than its NAV, expressed as a percent of NAV.
Average Yield to Worst is the average yield to maturity if the worst possible bond repayment takes place.
The annualized rate of return on a loan held to maturity.
The average number of days until the floating component of a loan resets.
London Interbank Offered Rate
The period in the life of a callable bond in which the issuing company is not permitted to redeem the bond.
The amount by which the convertible price exceeds the value of the stock into which it can be converted.
The amount by which the price of the convertible exceeds its value as a straight bond, ignoring the conversion feature.
A measure of the expensiveness/cheapness of the option embedded in the convertible bond.
Ranging from zero to one, a measure of a convertible's price sensitivity to movements in the price of its underlying stock.
The average of each bond’s coupon divided by its current price
.
©2012 Invesco PowerShares Capital Management LLC
PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC (Invesco PowerShares). Invesco PowerShares Capital Management LLC and Invesco Distributors, Inc. are indirect, wholly owned subsidiaries of Invesco Ltd.
Invesco Distributors, Inc. is the distributor of the PowerShares Exchange-Traded Fund Trust, the PowerShares Exchange-Traded Fund Trust II, the PowerShares India Exchange-Traded Fund Trust and the PowerShares Actively Managed Exchange-Traded Fund Trust.
Investment products offered are: Not FDIC Insured  • No Bank Guarantee  • May Lose Value
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