The PowerShares 1-30 Laddered Treasury Portfolio (Fund) is based on the Ryan/Mergent 1-30 Year Treasury Laddered Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index. The Index measures the potential returns of the U.S. Treasury yield curve based on approximately 30 equally weighted U.S. Treasury issues with fixed coupons, scheduled to mature in a proportional, annual laddered structure. The Portfolio does not participate in Treasury Bills, Treasury Inflation Protected Securities (TIPS), or zero-coupon securities (STRIPS). |
 |
Date |
|
11/19/2009 |
|
|
Price |
|
27.59 |
|
|
Bid/Ask Midpoint |
|
27.61 |
|
| |
|
NAV |
|
27.58 |
|
|
Bid/Ask Prem/Disc  |
|
0.03 |
|
|
Bid/Ask Prem/Disc |
|
0.10% |
|
|
|
|
|
|
| As of 9/30/2009 |
| Index History (%) | 1 Year | 3 Year | 5 Year | 10 Year | Fund Inceptiona |
| Ryan/Mergent 1-30 Year Treasury Laddered Index | 7.94 | 7.75 | | | 9.67 |
| Barclays Capital US Index | 6.26 | 6.86 | | | 7.49 |
| S&P 500 Index | -6.91 | -5.43 | | | -14.77 |
|
| Fund History (%) | 1 Year | 3 Year | 5 Year | 10 Year | Fund Inceptiona |
| NAV | 7.63 | | | | 9.32 |
| After Tax Held | 6.30 | | | | 7.89 |
| After Tax Sold | 4.95 | | | | 7.12 |
| Market Price | 7.91 | | | | 9.26 |
| 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 10/31/2007, 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 The results assume that no cash was added to or assets withdrawn from the Index.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 |
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 |
1 |
0 |
0 |
0 |
0 |
0 |
| 9/30/2009 |
63 |
0 |
0 |
0 |
0 |
0 |
0 |
| 6/30/2009 |
63 |
1 |
0 |
0 |
0 |
0 |
0 |
| 3/31/2009 |
61 |
0 |
0 |
0 |
0 |
0 |
0 |
| Fund Inception: 10/11/2007 |
|
Fund Holdings subject to change |
|
| | Coupon Rate | Maturity Date | Rating† | Weight |
| US TREASURY N/B 5.375% 2/15/2031 | 5.38% | 2/15/2031 | AAA/Aaa | 9.95% |
| US TREASURY N/B 4.5% 2/15/2036 | 4.50% | 2/15/2036 | AAA/Aaa | 9.65% |
| US TREASURY N/B 3.875% 2/15/2013 | 3.88% | 2/15/2013 | AAA/Aaa | 3.45% |
| US TREASURY N/B 4% 2/15/2014 | 4.00% | 2/15/2014 | AAA/Aaa | 3.45% |
| US TREASURY N/B 7.875% 2/15/2021 | 7.88% | 2/15/2021 | AAA/Aaa | 3.44% |
| US TREASURY N/B 4% 2/15/2015 | 4.00% | 2/15/2015 | AAA/Aaa | 3.44% |
| US TREASURY N/B 4.5% 2/15/2016 | 4.50% | 2/15/2016 | AAA/Aaa | 3.43% |
| US TREASURY N/B 8.5% 2/15/2020 | 8.50% | 2/15/2020 | AAA/Aaa | 3.42% |
| US TREASURY N/B 8.875% 2/15/2019 | 8.88% | 2/15/2019 | AAA/Aaa | 3.42% |
| US TREASURY N/B 4.625% 2/29/2012 | 4.63% | 2/29/2012 | AAA/Aaa | 3.41% |
| | % of Fund |
| 0 - 1 years | 3.39 |
| 1 - 5 | 13.69 |
| 5 - 10 | 17.06 |
| 10 - 15 | 17.02 |
| 15 - 20 | 16.54 |
| 20 - 25 | 13.21 |
| 25 and Over | 19.09 |
| |
| | % of Fund:
(S&P) | % of Fund:
(Moody's) |
| AAA/Aaa | 100.00 | 100.00 |
| AA/Aa | 0.00 | 0.00 |
| A/A | 0.00 | 0.00 |
| BBB/Baa | 0.00 | 0.00 |
| BB/Ba | 0.00 | 0.00 |
| B/B | 0.00 | 0.00 |
| Other | 0.00 | 0.00 |
|
†The credit quality of the Fund's holdings represents the weighted average quality rating of the securities in the portfolio as assigned by Nationally Recognized Statistical Rating Organizations based on assessment of the credit worthiness of the underlying securities. The ratings range from AAA (highest) to D (lowest).
Performance data quoted represents past performance. Past performance is no guarantee of future results. PowerShares Exchange-Traded Fund Trust II portfolios are not actively
managed and are subject to risk similar to stocks, including those related to short selling and margin maintenance. The PowerShares 1-30 Laddered Treasury Portfolio's return may not match the return of the Ryan/Mergent 1-30 Year Treasury Laddered 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 Ryan/Mergent 1-30 Year Treasury Laddered 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. 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 1-30 Laddered Treasury Portfolio
will fluctuate so that shares, when sold, may be worth more or less than their original cost.
The Fund's return may not match the return of the Ryan/Mergent 1-30 Year Treasury Laddered Index for a number of reasons. For example, the Fund incurs a number of operating expenses not applicable to the Ryan/Mergent 1-30 Year Treasury Laddered Index, and incurs costs in buying and selling securities, especially when rebalancing the Fund's securities holdings to reflect changes in composition of the Index.
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. If the Fund utilizes a sampling approach or futures or other derivative positions, its return may not correlate as well with the return on the Ryan/Mergent 1-30 Year Treasury Laddered Index, as would be the case if it purchased all the stocks in the Index, with the same weightings as the Index.
Generally, the prices of income securities tend to fall as interest rates rise. The Shares are subject to market
fluctuations caused by such factors as economic, political, regulatory or market developments, changes in
interest rates and perceived trends in securities prices. The Fund is also subject to risks associated with an
investment in Treasury bond securities. Please see the prospectus for more complete information regarding
an investment in the Funds.The value of an individual security or particular type of security can be more
volatile than the market as a whole and can perform differently from the value of the market as a whole.
There is no guarantee that the Fund’s income will be exempt from federal or state income taxes.
An investment in the securities of non-U.S. issuers involves risks beyond those associated with investments in U.S. securities, including, but not limited to:
greater market volatility, the availability of less reliable financial information, higher transactional and custody costs, taxation by foreign governments,
decreased market liquidity, political instability, negative impact of changes in currency exchange rates or foreign governmental regulation.
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 Annual Fund Operating Expenses. You may purchase or sell PowerShares 1-30
Laddered Treasury 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 1-30
Laddered Treasury Portfolio
shares directly from the Trust in large block creation/redemption units. The PowerShares 1-30
Laddered Treasury 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 American Stock Exchange (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 Barclays Capital Treasury Index is an
unmanaged index of U.S. Treasury securities. 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 1-30
Laddered Treasury Portfolio is subject to risks similar to those of stocks, including those regarding short selling and margin account maintenance. Usual brokerage commissions apply.
Mergent®
is a registered trademark of Mergent, Inc. and Ryan is a trade name of Ryan Holdings, LLC and each have
been licensed for use by Invesco PowerShares Capital Management LLC. Mergent, Inc., AIM Research Solutions
(AIM), LLC and Ryan Holdings, LLC, collectively are the Index Provider for the PowerShares 1-30 Laddered
Treasury Portfolio and this Product is not sponsored, endorsed, sold or promoted by Mergent, AIM or Ryan.
Mergent, AIM and Ryan make no representation or warranty, express or implied, to the shareholders of this
Product or any member of the public regarding the advisability of investing in securities generally or in the
Underlying Index particularly or the ability of any data supplied by Mergent, AIM or Ryan to track general
stock market performance. Mergent, AIM and Ryan's only relationship to this sponsor is the licensing of
certain trademarks and trade names of Mergent, AIM or Ryan, and of the data supplied by Mergent, AIM
or Ryan which is determined, composed and calculated by Mergent, AIM or Ryan without regard to this Product or its common shares. Mergent, AIM and Ryan has no obligation to take the needs of PowerShares
or the shareholders of the Product into consideration in determining, composing or calculating the data supplied
by Mergent, AIM or Ryan. Mergent, AIM and Ryan are not responsible for and have not participated
in the determination of the prices of the shares of the Product or the timing of the issuance or sale of such
shares. Mergent, AIM or Ryan has no obligation or liability in connection with the administration, marketing
or trading of this Product or its common shares. The PowerShares 1-30 Laddered Treasury Portfolio is
entitled to use its respective Underlying Index pursuant to a sub-licensing agreement with the Adviser.
For more information regarding PowerShares 1-30
Laddered Treasury Portfolio or any of the Invesco PowerShares products, please call 800.983.0903.
