The PowerShares Active U.S. Real Estate Fund (Fund) structures and selects its investments primarily from a universe of securities that are included within the FTSE NAREIT All Equity REITs Index at the time of purchase. The selection methodology uses quantitative and statistical metrics to identify attractively priced securities and manage risk. The Fund will invest principally in equity real estate investment trusts (REITs). The Fund is rebalanced and reconstituted monthly. |
 |
Date |
|
5/22/2013 |
|
|
Price |
|
65.50 |
|
|
Bid/Ask Midpoint  |
|
65.84 |
|
| |
|
NAV |
|
65.82 |
|
|
Bid/Ask Prem/Disc |
|
0.02 |
|
|
Bid/Ask Prem/Disc |
|
0.03% |
|
|
|
|
|
|
| Index History (%) | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Fund Inception |
| FTSE NAREIT All Equity REITs Index | 8.10 | 17.11 | 17.67 | 7.10 | | 33.43 |
| S&P 500 Index | 10.61 | 13.96 | 12.67 | 5.81 | 8.53 | 21.00 |
| Fund History (%) | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Fund Inception |
| NAV | 7.28 | 13.22 | 16.95 | | | 31.63 |
| After Tax Held | 7.24 | 12.61 | 16.28 | | | 30.76 |
| After Tax Sold | 4.12 | 7.58 | 13.06 | | | 25.79 |
| Market Price | 7.47 | 13.28 | 16.99 | | | 31.84 |
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 3/31/2013 |
 |
| Data beginning 11/30/2008, 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 The results assume that no cash was added to or assets withdrawn from the indexes.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
Ending |
Days |
50-99
Basis Points |
100-199
Basis Points |
H200
Basis Points |
50-99
Basis Points |
100-199
Basis Points |
H200
Basis Points |
| 3/31/2013 |
60 |
0 |
0 |
1 |
1 |
0 |
0 |
| 12/31/2012 |
62 |
1 |
0 |
0 |
0 |
0 |
0 |
| 9/30/2012 |
63 |
0 |
0 |
0 |
0 |
0 |
0 |
| 6/30/2012 |
63 |
0 |
0 |
0 |
0 |
0 |
0 |
| Year Ended 2012 |
250 |
1 |
0 |
0 |
0 |
0 |
0 |
| Fund Inception: 11/20/2008 |
Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results. |
 | |
Large-Cap Growth |
13.61% |
|
|
Large-Cap Value |
27.27% |
|
|
Mid-Cap Growth |
12.29% |
|
|
Mid-Cap Value |
32.83% |
|
|
Small-Cap Growth |
4.16% |
|
|
Small-Cap Value |
9.84% |
|
| As of 5/22/2013 |
|
|
Specialized REIT's |
37.07% |
|
|
Retail REIT's |
24.11% |
|
|
Residential REIT's |
16.08% |
|
|
Office REIT's |
11.94% |
|
|
Diversified REIT's |
8.92% |
|
|
Industrial REIT's |
1.89% |
|
|
| As of 5/22/2013 |
|
Fund Holdings subject to change |
|
|
SIMON PROPERTY GROUP INC REIT |
|
8.44% |
|
|
AVALONBAY COMMUNITIES INC |
|
6.03% |
|
|
MACERICH COMPANY (THE) |
|
5.35% |
|
|
WEYERHAEUSER CO |
|
4.79% |
|
|
VORNADO REALTY TRUST REIT |
|
4.50% |
|
|
As of 5/22/2013 |
|
|
|
|
|
| |
|
HEALTH CARE REIT INC |
|
4.47% |
|
|
AMERICAN TOWER CORP CL A |
|
4.16% |
|
|
HOST HOTELS & RESORTS INC |
|
3.84% |
|
|
UDR INC |
|
3.40% |
|
|
PUBLIC STORAGE |
|
3.26% |
|
|
|
| | |
As of 5/22/2013
Typically, security classifications used in calculating allocation tables are as of the last trading day of the previous month.
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 Subadviser or portfolio managers will produce the desired results.
Unlike Index-based ETFs, the Fund is not an index fund. Therefore, the Fund does not necessarily seek to replicate the performance of a specified index.
Actively managed ETFs have a limited trading history 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, which is the market value of a fund share.
Investments in real estate related instruments may be affected by economic, legal, cultural, environment or technological factors that affect the property values, rents or occupancies of real estate related to the Fund’s holdings.
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.
Investing in securities of small and medium-sized companies may involve greater risk than is customarily associated with investing in large companies.
The FTSE NAREIT All Equity REITs Index is an unmanaged index considered representative of U.S. REITs (real estate investment trusts). The S&P 500® Index is an unmanaged index considered representative of the U.S. stock market.
The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.
Invesco Advisers, Inc. is the investment sub-adviser; it provides investment sub-advisory services to individual and institutional clients and does not sell securities. Invesco Advisers, Inc. is an indirect, wholly owned subsidiary of Invesco Ltd.
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