The PowerShares Dynamic Banking Portfolio (Fund) is based on the Dynamic Banking Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. Securities shown to possess the greatest capital appreciation potential are selected by the Index. |
 |
Date |
|
11/19/2009 |
|
|
Price |
|
11.81 |
|
|
Bid/Ask Midpoint |
|
11.81 |
|
| |
|
NAV |
|
11.79 |
|
|
Bid/Ask Prem/Disc  |
|
0.01 |
|
|
Bid/Ask Prem/Disc |
|
0.12% |
|
|
|
|
|
|
| As of 9/30/2009 |
| Index History (%) | 1 Year | 3 Year | 5 Year | 10 Year | Fund Inceptiona |
| Dynamic Banking Intellidex | -36.90 | -17.91 | | | -18.44 |
| S&P SuperComposite Commercial Banks Index | -28.44 | -21.55 | | | -21.55 |
| Dow Jones US Total Markets Bank Index | -34.51 | -25.75 | | | -25.75 |
| S&P 500 Index | -6.91 | -5.43 | | | -5.43 |
|
| Fund History (%) | 1 Year | 3 Year | 5 Year | 10 Year | Fund Inceptiona |
| NAV | -37.91 | | | | -19.38 |
| After Tax Held | -38.75 | | | | -20.18 |
| After Tax Sold | -24.62 | | | | -16.22 |
| Market Price | -39.72 | | | | -19.41 |
| 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. |
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 10/31/2006, 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 The results assume that no cash was added to or assets withdrawn from the Index.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 |
| 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 |
2 |
0 |
0 |
| 3/31/2009 |
61 |
2 |
0 |
0 |
0 |
0 |
0 |
| Fund Inception: 10/12/2006 |
 |
| Multi-Cap Core Style | Fund | |
| Large-Cap Value | 14.84 | |
| Mid-Cap Growth | 12.83 | |
| Mid-Cap Value | 24.85 | |
| Small-Cap Growth | 7.14 | |
| Small-Cap Value | 40.35 | |
| As of 11/20/2009 |
|
Fund Holdings subject to change |
|
|
Commerce Bancshares Inc. |
|
5.57% |
|
|
Comerica Inc. |
|
5.35% |
|
|
U.S. Bancorp |
|
5.32% |
|
|
Hudson City Bancorp Inc. |
|
5.30% |
|
|
BOK Financial Corp. |
|
5.13% |
|
|
As of 11/20/2009 |
|
|
|
|
|
| |
|
JPMorgan Chase & Co. |
|
5.07% |
|
|
TFS Financial Corp. |
|
4.96% |
|
|
BB&T Corp. |
|
4.44% |
|
|
Bank of Hawaii Corp. |
|
3.22% |
|
|
Prosperity Bancshares Inc. |
|
3.13% |
|
|
|
| | |
As of 11/20/2009
Performance data quoted represents past performance. Past performance is no guarantee of future results. PowerShares Exchange-Traded Fund Trust portfolios are not actively
managed and are subject to risk similar to stocks, including those related to short selling and margin maintenance. The PowerShares Dynamic Banking Industry Portfolio's return may not match the return of the Dynamic Banking Intellidex Index, as outlined in the prospectus. For actual Fund performance, please contact your financial advisor. Index performance does not reflect charges and expenses associated with the Fund or
brokerage commissions associated with buying and selling Fund shares.
The value of the stocks in the Dynamic Banking Intellidex Index is likely to be more volatile than stocks of other issues. An investor in the Fund should anticipate that the value of their shares will increase or decease in value more or less in correlation with increases and decreases in the value of the Index. The Fund is concentrated in a single sector which involves substantially greater risk of loss and price fluctuations than an investment diversified across multiple industries or sector segments. There are risks involved with investing in ETFs including the possible loss of money. The investment return and principal value of an investment in
PowerShares Dynamic Banking Industry Portfolio will fluctuate so that shares, when sold, may be worth more or less than their original cost.
The Index may include small and medium-sized companies. Investing in securities of these companies involves greater risk than is customarily associated with investing in more established companies. These companies' stocks may be more volatile and less liquid than those of more established companies. These stocks may have returns that vary, sometimes significantly, from the overall stock market. Often smaller and medium capitalization companies and the industries in which they are focused are still evolving, and while this may offer better growth potential than larger, more established companies, it may also make them more sensitive to changing market conditions.
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 Dynamic Banking Industry Portfolio shares throughout the day through any brokerage account, which will result in typical brokerage commissions. However, only Authorized Participants may create or redeem PowerShares Dynamic Banking Industry Portfolio shares directly from the Trust in large block creation/redemption units. The PowerShares Dynamic Banking Industry Portfolio 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 Fund is not sponsored or endorsed by the Amex, and the Amex makes no warranty or representation as to the accuracy and/or
completeness of the Indexes or the results to be obtained by any person from the use of the Indexes or the trading of the Fund shares.
The S&P SuperComposite Commercial Banks Index consists of all commercial bank stocks included in
the S&P SuperComposite 1500 Index. The Dow
Jones U.S. Banks Index and the S&P 500® Index are
unmanaged indexes tracking U.S. banking stocks
and the U.S. stock market, respectively.
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 Dynamic Banking Industry Portfolio is subject to risks similar to those of stocks, including those regarding short selling and margin account maintenance. Usual brokerage commissions apply.
Intellidex® is a registered trademark of the Amex.
For more information regarding PowerShares Dynamic Banking Industry Portfolio or any of the Invesco PowerShares products, please call 800.983.0903.
