The PowerShares Financial Preferred Portfolio (Fund) is based on the Wells Fargo® Hybrid and Preferred Securities Financial Index (WHPSF Financial Index) (Index). The Fund will normally invest at least 90% of its total assets in preferred securities that comprise the Index. The Index tracks the performance of U.S.-listed securities issued by financial institutions. The Index is rebalanced monthly. |
 |
Date |
|
7/29/2010 |
|
|
Price |
|
17.24 |
|
|
Bid/Ask Midpoint |
|
17.24 |
|
| |
|
NAV |
|
17.23 |
|
|
Bid/Ask Prem/Disc  |
|
0.01 |
|
|
Bid/Ask Prem/Disc |
|
0.05% |
|
|
|
|
|
|
| As of 6/30/2010 |
| Index History (%) | 1 Year | 3 Year | 5 Year | 10 Year | Fund Inceptiona |
| WHPS Financial Index | 24.72 | -2.82 | | | -2.51 |
| S&P Preferred Index | 26.71 | -1.52 | | | -0.44 |
| S&P 500 Index | 14.43 | -9.80 | | | -6.17 |
|
| Fund History (%) | 1 Year | 3 Year | 5 Year | 10 Year | Fund Inceptiona |
| NAV | 21.15 | -4.25 | | | -3.79 |
| After Tax Held | 17.73 | -7.20 | | | -6.61 |
| After Tax Sold | 13.67 | -5.35 | | | -4.84 |
| Market Price | 20.79 | -4.32 | | | -3.96 |
| 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.
|
 |
| As of 6/30/2010 |
 |
| Data beginning 12/31/2006, the month end following Fund inception |
| 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 The results assume that no cash was added to or assets withdrawn from the Index.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 |
Days |
50-99
Basis Points |
100-199
Basis Points |
H200
Basis Points |
50-99
Basis Points |
100-199
Basis Points |
H200
Basis Points |
| 6/30/2010 |
63 |
0 |
0 |
0 |
3 |
0 |
0 |
| 3/31/2010 |
61 |
0 |
0 |
0 |
0 |
0 |
0 |
| 12/31/2009 |
64 |
0 |
0 |
0 |
0 |
0 |
0 |
| 9/30/2009 |
63 |
4 |
0 |
0 |
0 |
1 |
0 |
| Fund Inception: 12/1/2006 |
|
Fund Holdings subject to change |
|
| | Coupon Rate | Rating† | Weight |
| BARCLAYS BK PLC | 8.13% | A-/Baa2 | 8.82% |
| BANK OF AMER CRP | 8.20% | BB/Ba3 | 7.27% |
| ING GROEP NV | 8.50% | BB/Ba1 | 5.70% |
| BANK OF AMERICA 8.625% PD | 8.63% | BB/Ba3 | 5.08% |
| WELLS FARGO CO 8% PREFERR | 8.00% | A-/Ba1 | 5.07% |
| HSBC HLDGS PLC | 8.13% | A-/NR | 4.84% |
| JPMORGAN CHASE | 8.63% | BBB+/Baa1 | 4.67% |
| ING GROEP NV | 7.38% | BB/Ba1 | 4.18% |
| CREDIT SUISSE GU | 7.90% | BBB+/A3 | 3.84% |
| METLIFE INC | 6.50% | BBB-/Baa2 | 3.61% |
| | % of Fund:
(S&P) | % of Fund:
(Moody's) |
| AAA/Aaa | 0.00 | 0.00 |
| AA/Aa | 0.00 | 0.00 |
| A/A | 30.59 | 5.27 |
| BBB/Baa | 29.08 | 42.74 |
| BB/Ba | 35.53 | 38.44 |
| B/B | 1.06 | 4.80 |
| Unrated | 3.74 | 8.75 |
|
†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.
The Fund may contain securities in the financial and insurance sectors. Companies engaged in these sectors are subject to greater risks, and are more greatly impacted by market volatility, than more diversified investments.
Preferred securities may be less liquid than many other securities, and in certain circumstances, an issuer of preferred securities may redeem the securities prior to a specified date.
High-yield securities have additional risks, including interest-rate changes, decreased market liquidity and a larger amount of outstanding debt than investment-grade securities.
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.
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 S&P Preferred Index is an unmanaged index consisting of U.S.-listed preferred stocks. The S&P 500® Index is an unmanaged index considered representative of the U.S. stock market.
Shares of the Fund are not in any way sponsored, endorsed, sold or promoted by Wells Fargo. Wells Fargo makes no representation or warranty, express or implied, to Fund investors or any member of the public regarding the advisability of investing in securities generally or in this Fund particularly or the ability of any data supplied by Wells Fargo to track preferred stock performance. Wells Fargo's only relationship to the Adviser, the Distributor,
the Fund or the Trust is the licensing of certain trademarks and trade names of Wells Fargo and of the data supplied by Wells Fargo that is determined, composed and calculated by Wells Fargo without regard to the Fund or its Shares. Wells Fargo has no obligation to take the needs of the Fund into consideration when determining, composing or calculating the data. Wells Fargo has no obligation or liability in connection with the administration, marketing or trading of the Fund.
For more information regarding the PowerShares Financial Preferred Portfolio or any of the Invesco PowerShares products, please call 800.983.0903.
