The PowerShares FTSE RAFI Emerging Markets Portfolio (Fund) is based on the FTSE RAFI Emerging Markets Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depository Receipts (ADRs) based on the securities in the Index. The Index is designed to track the performance of the largest Emerging Market equities, selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The equities with the highest fundamental strength are weighted according to their fundamental scores. The Fundamental Index® portfolio is rebalanced and reconstituted annually. |
 |
Date |
|
2/3/2012 |
|
|
Price |
|
23.55 |
|
|
Bid/Ask Midpoint  |
|
23.54 |
|
| |
|
NAV |
|
23.29 |
|
|
Bid/Ask Prem/Disc |
|
0.25 |
|
|
Bid/Ask Prem/Disc |
|
1.05% |
|
|
|
|
|
|
| Index History (%) | 1 Year | 3 Year | 5 Year | 10 Year | Fund Inceptiona |
| FTSE RAFI Emerging Markets Index | -17.88 | 20.90 | | | -1.46 |
| MSCI Emerging Markets Index | -18.42 | 20.09 | 2.40 | 13.86 | -4.09 |
| MSCI EAFE Index | -12.14 | 7.66 | -4.72 | 4.67 | -8.23 |
| S&P 500 Index | 2.11 | 14.12 | -0.25 | 2.92 | -2.32 |
| Fund History (%) | 1 Year | 3 Year | 5 Year | 10 Year | Fund Inceptiona |
| NAV | -19.45 | 15.96 | | | -3.81 |
| After Tax Held | -20.11 | 15.37 | | | -4.37 |
| After Tax Sold | -12.63 | 13.50 | | | -3.52 |
| Market Price | -19.72 | 15.05 | | | -4.20 |
| 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 12/31/2011 |
 |
| Data beginning 9/30/2007, 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
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 |
14 |
14 |
2 |
4 |
2 |
0 |
| 9/30/2011 |
64 |
4 |
1 |
0 |
8 |
12 |
2 |
| 6/30/2011 |
63 |
16 |
0 |
0 |
9 |
0 |
0 |
| 3/31/2011 |
62 |
17 |
8 |
0 |
8 |
5 |
0 |
| Fund Inception: 9/27/2007 |
 |
|
Large-Cap Growth |
36.35% |
|
|
Large-Cap Value |
46.51% |
|
|
Mid-Cap Growth |
6.17% |
|
|
Mid-Cap Value |
9.80% |
|
|
Small-Cap Growth |
0.53% |
|
|
Small-Cap Value |
0.50% |
|
|
Unclassified style data |
0.14% |
|
| As of 2/3/2012 |
 |
|
Taiwan |
17.14% |
|
|
Brazil |
16.96% |
|
|
Russia |
12.30% |
|
|
South Africa |
11.19% |
|
|
China |
11.15% |
|
|
India |
6.21% |
|
|
Mexico |
5.29% |
|
|
Malaysia |
3.91% |
|
|
Hong Kong |
3.79% |
|
|
Poland |
2.01% |
|
|
| As of 2/3/2012 |
|
Fund Holdings subject to change |
|
|
Gazprom OAO ADS |
|
4.01% |
|
|
Lukoil Holdings ADS |
|
3.14% |
|
|
China Mobile Ltd. |
|
2.32% |
|
|
Taiwan Semiconductor Manufacturing Co. Ltd. |
|
2.31% |
|
|
Surgutneftegaz JSC ADS |
|
2.19% |
|
|
As of 2/3/2012 |
|
|
|
|
|
| |
|
Petrobras Petroleo Brasileiro (Pfd) |
|
2.18% |
|
|
Infosys Ltd. ADR |
|
2.02% |
|
|
ICICI Bank Ltd. ADS |
|
1.83% |
|
|
China Construction Bank Corp. |
|
1.79% |
|
|
Petrobras Petroleo Brasileiro (Ord) |
|
1.58% |
|
|
|
| | |
As of 2/3/2012
Security classifications used in calculating allocation tables are as of Nov. 30, 2011.
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.
Foreign securities have additional risks, including exchange-rate changes, decreased market liquidity, political instability and taxation by foreign governments.
Investment in securities in emerging market countries involves risks not associated with investments in securities in developed countries.
The Fund may contain securities in the energy, financial services and basic materials sectors. Companies engaged in these sectors are subject to greater risks, and are more greatly impacted by market volatility, than more diversified investments.
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.
Investing in securities of medium capitalization companies may involve greater risk than is customarily associated with investing in large companies.
Returns on investments in securities of large U.S. companies could trail the returns on investments in stocks of smaller companies.
The Fund is considered non-diversified and may be subject to greater risks than a diversified fund.
Securities lending involves a risk of loss because the borrower may fail to return the securities in a timely manner or at all. If a Fund is not able to recover the securities loaned, it may sell the collateral and purchase a replacement security in the market. Lending securities entails a risk of loss to the Funds if and to the extent that the market value of the loaned securities increases and the collateral is not increased accordingly.
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 MSCI Emerging Markets Index, the MSCI EAFE® Index and the S&P 500® Index are unmanaged indexes considered representative of stocks of developing countries; stocks of Europe, Australasia and the Far East; and the U.S. stock market, respectively.
The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.
Shares of the Fund are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited ("FTSE"), or by the London Stock Exchange Plc ("Exchange"), or by The Financial Times Limited ("FT") or by Research Affiliates LLC ("RA"), and neither FTSE nor Exchange nor FT nor RA makes any warranty or representation whatsoever, expressly or implicitly, as to the results to be obtained from the use of the FTSE RAFI Emerging Index and/or the figure at which the said Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by FTSE in conjunction with RA; however, neither FTSE nor Exchange nor FT nor RA shall be liable (whether in negligence or otherwise) to any person for any error in the Index, and neither FTSE nor the Exchange nor FT nor RA shall be under any obligation to advise any person of any error therein. "FTSE" is a trademark of the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE International Limited under licence. "Research Affiliates", "RAFI", "Fundamentals Weighted" and "Fundamental Index" are trademarks of Research Affiliates.
