The PowerShares Fundamental Investment Grade Corporate Bond Portfolio (Fund) is based on the RAFI® Investment Grade Bond Index (Index). The Fund will normally invest at least 80% of its total assets in the securities that comprise the Index. The Index is comprised of U.S. dollar-denominated bonds registered for sale in the United States whose issuers are public companies listed on major U.S. stock exchanges. Only securities with greater than one year to maturity qualify for inclusion in the Index. Based on the Fundamental Index® methodology developed by Research Affiliates, LLC, the Index is compiled and calculated by Ryan ALM, Inc. The Index is rebalanced monthly for rules and annually for weights. |

 |
Date |
|
2/21/2012 |
|
 |
Price |
|
25.24 |
|
 |
Bid/Ask Midpoint  |
|
25.18 |
|
| |

 |
NAV |
|
24.96 |
|
 |
Bid/Ask Prem/Disc  |
|
0.22 |
|
 |
Bid/Ask Prem/Disc |
|
0.86% |
|
|
 |
 |
 |
 |
| Index History (%) | 1 Year | 3 Year | 5 Year | 10 Year | Fund Inceptiona |
| RAFI U.S. Investment Grade Bond Index | 7.48 | | | | 1.25 |
| Barclays Captial US Corporate Index | 8.15 | 11.85 | 6.82 | 6.36 | 2.19 |
| Barclays Capital US Aggregate Index | 7.84 | 6.77 | 6.50 | 5.78 | 1.86 |
| Fund History (%) | 1 Year | 3 Year | 5 Year | 10 Year | Fund Inceptiona |
| NAV | | | | | 0.82 |
| After Tax Held | | | | | 0.59 |
| After Tax Sold | | | | | 0.53 |
| Market Price | | | | | 1.91 |
This is a new Fund and has no full-year Fund performance to report as of most recent quarter end. |
| aFund and underlying Index returns are based on the inception date of the Fund. Returns for the benchmark indexes are based on the closest month end to the Fund's inception date. |
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 |
| 12/31/2011 |
63 |
28 |
16 |
6 |
0 |
0 |
0 |
| 9/30/2011 |
12 |
1 |
1 |
0 |
0 |
0 |
0 |
| Fund Inception: 9/15/2011 |
 |
| Ex-Date |  | Record Date |  | Pay Date |  | $ / Share |  | Ordinary Income |  | Short Term Gains |  | Long Term Gains |  | Return of Capital |
| 2/15/2012 |  | 2/17/2012 |  | 2/29/2012 |  | 0.05464 |  | 0.05464 |  | N.A. |  | N.A. |  | N.A. |
| 1/13/2012 |  | 1/18/2012 |  | 1/31/2012 |  | 0.05403 |  | 0.05403 |  | N.A. |  | N.A. |  | N.A. |
| 12/15/2011 |  | 12/19/2011 |  | 12/30/2011 |  | 0.07806 |  | 0.07806 |  | N.A. |  | N.A. |  | N.A. |
| 11/15/2011 |  | 11/17/2011 |  | 11/30/2011 |  | 0.08278 |  | 0.08278 |  | N.A. |  | N.A. |  | N.A. | |
| |
| Distribution Information |
 |
Fund Holdings subject to change |
|
| | | Coupon Rate | Maturity Date | Rating† | Weight |
|
1.
| AT&T INC | 5.50% | 2/1/2018 | A-/A2 | 1.31% |
|
2.
| JP MORGAN & CHASE | 6.00% | 1/15/2018 | A/AA3 | 1.27% |
|
3.
| HOME DEPOT INC | 4.40% | 4/1/2021 | A-/A3 | 1.26% |
|
4.
| CELLCO PART/VERI WIRELESS SER WI | 5.55% | 2/1/2014 | A-/A2 | 1.21% |
|
5.
| MICROSOFT CORP | 3.00% | 10/1/2020 | AAA/AAA | 1.18% |
|
6.
| BANK OF NEW YORK MELLON | 3.55% | 9/23/2021 | A+/AA2 | 1.14% |
|
7.
| TARGET CORP | 6.00% | 1/15/2018 | A+/A2 | 1.14% |
|
8.
| HARTFORD FINL SVCS GRP | 5.50% | 3/30/2020 | BBB/BAA3 | 1.13% |
|
9.
| MORGAN STANLEY | 4.75% | 4/1/2014 | BBB+/A3 | 1.12% |
|
10.
| ABBOTT LABORATORIES | 5.88% | 5/15/2016 | AA/A1 | 1.09% |
| | % of Fund |
| 0 - 1 years | 0.77 |
| 1 - 5 | 38.76 |
| 5 - 10 | 60.47 |
| 10 - 15 | 0.00 |
| 15 - 20 | 0.00 |
| 20 - 25 | 0.00 |
| 25 and Over | 0.00 |
| | |
†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.
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.
Investments focused in a particular industry are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
The Fund is considered non-diversified and may be subject to greater risks than a diversified fund.
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 Barclays Capital U.S. Corporate Investment Grade Index is an unmanaged index considered representative of fixed-rate, investment-grade taxable bond debt. The Barclays Capital U.S. Aggregate Index is an unmanaged index considered representative of the U.S. investment-grade, fixed-rate bond market.
Fundamental Index®, Research Affiliates®, RAFI® and all other RA trademarks, trade names, patented and patent-pending concepts are the exclusive property of Research Affiliates, LLC. The RAFI® Investment Grade Bond Index is calculated and maintained by ALM Research Solutions, Inc. (a wholly owned subsidiary of Ryan ALM, Inc.) in conjunction with Research Affiliates, LLC and is the exclusive property of Research Affiliates.