Sub-Adviser. Invesco Institutional (N.A.), Inc.
Objective. Long-term growth of capital.
Portfolio. The PowerShares Active Mega Cap Fund's (Fund) universe includes the holdings of the Russell Top 200® Index as well as
other mega-cap stocks that meet certain liquidity requirements. All stocks in the universe are evaluated by Invesco Institutional's proprietary stock selection
model. The model is based on several factors relating to four main concepts:
earnings momentum, price trend, management action and relative value. Each stock is ranked by this model, and the result is a "weight-of-the-evidence" forecast of the
expected annual forecasted excess return for each stock compared to other stocks within their
respective industry for the next month. Additionally, each stock is evaluated for risk using at least 17 variables.
|
 |
Date |
|
11/19/2009 |
|
|
Price |
|
22.48 |
|
|
Bid/Ask Midpoint |
|
22.55 |
|
| |
|
NAV |
|
22.54 |
|
|
Bid/Ask Prem/Disc  |
|
0.00 |
|
|
Bid/Ask Prem/Disc |
|
0.00% |
|
|
|
|
|
|
| As of 9/30/2009 |
| Index History (%) | 1 Year | 3 Year | 5 Year | 10 Year | Fund Inceptiona |
| | | | | | |
| Russell Top 200 Index | -7.05 | -5.45 | 0.58 | -1.41 | -12.05 |
| S&P 500 Index | -6.91 | -5.43 | 1.01 | -0.15 | -11.69 |
|
| Fund History (%) | 1 Year | 3 Year | 5 Year | 10 Year | Fund Inceptiona |
| NAV | -0.44 | | | | -8.43 |
| After Tax Held | -1.01 | | | | -8.79 |
| After Tax Sold | -0.35 | | | | -7.36 |
| Market Price | -0.70 | | | | -8.54 |
| aFund 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. |
Total returns are based on the closing market price. 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 9/30/2009 |
 |
| Data beginning 4/30/2008, 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 indexes. Index returns do not represent Fund returns. The indexes do not charge management fees or brokerage expenses, nor do the indexes 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 |
| 12/31/2009 |
22 |
0 |
0 |
0 |
0 |
0 |
0 |
| 9/30/2009 |
63 |
0 |
0 |
0 |
0 |
0 |
0 |
| 6/30/2009 |
63 |
0 |
0 |
0 |
0 |
0 |
0 |
| 3/31/2009 |
61 |
0 |
0 |
0 |
0 |
0 |
0 |
| Fund Inception: 4/11/2008 |
 |
| Ex-Date | | Record Date | | Pay Date | | $ / Share | | Ordinary Income | | Short Term Gains | | Long Term Gains | | Return of Capital |
| 6/19/2009 | | 6/23/2009 | | 6/30/2009 | | 0.05651 | | 0.05651 | | N.A. | | N.A. | | N.A. |
| 12/19/2008 | | 12/23/2008 | | 12/31/2008 | | 0.24072 | | 0.24072 | | N.A. | | N.A. | | N.A. |
|
| |
| Distribution Information |
 |
| Multi-Cap Core Style | Fund | |
| Large-Cap Growth | 39.51 | |
| Large-Cap Value | 49.35 | |
| Mid-Cap Growth | 2.34 | |
| Mid-Cap Value | 6.86 | |
| Unclassified style data | 1.94 | |
| As of 11/19/2009 |
|
Fund Holdings subject to change |
|
|
Exxon Mobil Corp. |
|
9.50% |
|
|
UnitedHealth Group Inc. |
|
5.47% |
|
|
Texas Instruments Inc. |
|
5.34% |
|
|
Home Depot Inc. |
|
5.32% |
|
|
International Business Machines Corp. |
|
5.25% |
|
|
As of 11/19/2009 |
|
|
|
|
|
| |
|
Eli Lilly & Co. |
|
4.47% |
|
|
Goldman Sachs Group Inc. |
|
4.17% |
|
|
Occidental Petroleum Corp. |
|
4.08% |
|
|
Microsoft Corp. |
|
3.85% |
|
|
Apple Inc. |
|
3.83% |
|
|
|
| | |
As of 11/19/2009
Performance data quoted represents past performance. As stated in the Fund's prospectus, the expense ratio of 0.75% is expressed as a unitary fee to cover expenses incurred in connection with managing the portfolio. Past performance is no guarantee of future results.
There are risks involved with investing in ETFs, including possible loss of money. Unlike conventional ETFs, the Fund is not an index fund. The Fund is actively managed and does not seek to replicate the performance of a specified index. The Fund is subject to risk similar to stocks, including those related to short selling and margin maintenance. The Fund is subject to management risk because it is an actively managed portfolio. There can be no guarantee that the investment techniques and risk analyses used by the Sub-Advisors or portfolio managers will produce the desired results. Actively managed ETFs have not previously traded and, therefore, there can be no assurance as to whether and/or the extent to which the shares will trade at premiums or discounts to NAV.
The Fund may use enhanced investment techniques such as leveraging and derivatives. Leveraging entails risks such as magnifying changes in the value of the portfolio's securities. The use of leverage may cause a fund to adversely liquidate portfolio positions. Derivatives are subject to counterparty risk—the risk that the other party will not complete the transaction with the fund. The value of derivatives may rise or fall more rapidly than other investments. For some derivatives, it is possible to lose more than the amount invested in the derivative.
The Fund is nondiversified, which increases the risk that the value of the Fund's shares may vary more widely, and the Fund may be subject to greater investment and credit risk than if they invested more broadly.
The Fund may not be fully invested at times, either as a result of cash flows into the fund or reserves of cash held by the Fund to meet redemptions and expenses.
Please review a copy of the prospectus carefully prior to investing. The prospectus provides a detailed explanation of the costs of investing, including the Total Net Annual Fund Operating Expenses. You may purchase or sell PowerShares Active Mega Cap Fund shares throughout the day through any brokerage account, which will result in typical brokerage commissions. However, only Authorized Participants may create or redeem PowerShares Active Mega Cap Fund shares directly from the Trust in large block creation/redemption units. The PowerShares Active Mega Cap Fund is obligated to distribute portfolio gains to shareholders, and trading Fund shares may generate tax consequences.
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 Russell Top 200® Index is an unmanaged index
that consists of the largest 200 securities by market
cap of the U.S. market. The Russell Top 200 Index is
a trademark/service mark of the Frank Russell Co.
Russell® is a trademark of the Frank Russell Co. The
S&P 500 Index® is an unmanaged index considered
representative of the U.S. stock market.
Except where indicated otherwise, all information is as of date noted, and Invesco PowerShares Capital Management LLC is either the source of such data or has obtained it from third-party financial reporting sources.
PowerShares Active Mega Cap Fund is subject to risks similar to those of stocks, including those regarding short selling and margin account maintenance. Usual brokerage commissions apply.
For more information regarding PowerShares Active Mega Cap Fund or any of the Invesco PowerShares products, please call 800.983.0903.
