Sub-Adviser. Invesco Institutional (N.A.), Inc.
Objective. High total
return through growth of capital and
current income.
Portfolio. Generally
invests in securities of companies that are principally engaged in the U.S. Real Estate
industry and included within the FTSE NAREIT Equity REITs Index.
Universe. 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 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).
|
 |
Date |
|
11/19/2009 |
|
|
Price |
|
35.00 |
|
|
Bid/Ask Midpoint |
|
35.03 |
|
| |
|
NAV |
|
34.98 |
|
|
Bid/Ask Prem/Disc  |
|
0.05 |
|
|
Bid/Ask Prem/Disc |
|
0.13% |
|
|
|
|
|
|
| As of 9/30/2009 |
| Index History (%) | 1 Year | 3 Year | 5 Year | 10 Year | Fund Inceptiona |
| | | | | | |
| FTSE NAREIT Equity REITs Index | -28.40 | -12.39 | 1.40 | 9.53 | 36.18 |
| S&P 500 Index | -6.91 | -5.43 | 1.01 | -0.15 | 20.53 |
|
| Fund History (%) | 1 Year | 3 Year | 5 Year | 10 Year | Fund Inceptiona |
| NAV | | | | | 73.05 |
| After Tax Held | | | | | 71.82 |
| After Tax Sold | | | | | 47.34 |
| Market Price | | | | | 74.07 |
| 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. |
As stated in the Fund's prospectus, the expense ratio of 0.80% is expressed as a unitary fee to cover expenses incurred in connection with managing the portfolio.
|
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 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 |
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 |
1 |
2 |
14 |
0 |
0 |
0 |
| 6/30/2009 |
63 |
2 |
5 |
13 |
1 |
1 |
1 |
| 3/31/2009 |
61 |
6 |
1 |
21 |
1 |
2 |
2 |
| Fund Inception: 11/20/2008 |
 |
| Ex-Date | | Record Date | | Pay Date | | $ / Share | | Ordinary Income | | Short Term Gains | | Long Term Gains | | Return of Capital |
| 9/18/2009 | | 9/22/2009 | | 9/30/2009 | | 0.08751 | | 0.08751 | | N.A. | | N.A. | | N.A. |
| 6/19/2009 | | 6/23/2009 | | 6/30/2009 | | 0.08500 | | 0.08500 | | N.A. | | N.A. | | N.A. |
| 3/20/2009 | | 3/24/2009 | | 3/31/2009 | | 0.05772 | | 0.05772 | | N.A. | | N.A. | | N.A. |
| 12/19/2008 | | 12/23/2008 | | 12/31/2008 | | 0.35238 | | 0.35238 | | N.A. | | N.A. | | N.A. |
|
| |
| Distribution Information |
 |
| Multi-Cap Core Style | Fund | |
| Large-Cap Growth | 6.95 | |
| Mid-Cap Growth | 36.89 | |
| Mid-Cap Value | 27.83 | |
| Small-Cap Growth | 10.19 | |
| Small-Cap Value | 18.12 | |
| Unclassified style data | 0.02 | |
| As of 11/19/2009 |
|
Fund Holdings subject to change |
|
|
Simon Property Group Inc. |
|
12.42% |
|
|
Public Storage |
|
6.95% |
|
|
Boston Properties Inc. |
|
6.34% |
|
|
Equity Residential |
|
6.02% |
|
|
HCP Inc. |
|
5.96% |
|
|
As of 11/19/2009 |
|
|
|
|
|
| |
|
Ventas Inc. |
|
4.51% |
|
|
Health Care REIT Inc. |
|
3.59% |
|
|
Federal Realty Investment Trust |
|
2.72% |
|
|
Vornado Realty Trust |
|
2.59% |
|
|
Plum Creek Timber Company Inc. |
|
2.56% |
|
|
|
| | |
As of 11/19/2009
There are risks involved with investing in ETFs, including possible loss of money. Unlike conventional ETFs, the Fund is not an index fund. Therefore, the Fund does not necessarily 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. Ordinary broker commissions apply.
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-Adviser or portfolio managers will produce the desired results.
The prices of and income generated by securities held by the Fund may decline in response to certain events, including those directly involving the companies whose securities are owned by the Fund, general economic and market conditions, and currency and interest rate fluctuations.
The risks associated with the real estate industry in general include fluctuations in the value of underlying properties; defaults by borrowers or tenants; market saturation; changes in general and local economic conditions; decreases in market rates for rents; increases in competition, property taxes, capital expenditures, or operating expenses; and other economic, political or regulatory occurrences affecting the real estate industry. The REITs are subject to risks inherent in the direct ownership of real estate. These risks include, but are not limited to, the risk of a possible lack of mortgage funds and associated interest rate risks, overbuilding, property vacancies, increases in property taxes and operating expenses, changes in zoning laws, losses due to environmental damages and changes in neighborhood values and appeal to purchases. REITs are also subject to the risk that the real estate market may experience an economic downturn generally, which may have a material effect on the real estate in which the REITs invest and their underlying portfolio securities.
The Fund is subject to equity risk, which is the risk that the value of the securities held by the Fund will fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of securities held by the Fund participate or factors relating to specific companies in which the Fund invests.
Investing in securities of small and medium-capitalization companies involves greater risk than is customarily associated with investing in larger, more established companies.
The Fund is non-diversified, 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 it invested more broadly.
Because the Fund concentrates its investments in companies that are principally engaged in the real estate industry, the value of the Fund's shares may rise and fall more than the value of shares of a fund that invests in a broader range of companies.
Investments in REITs and real estate companies are generally subject to greater risks such as legal and other restrictions on resale and are otherwise less liquid than publicly traded securities.
The FTSE NAREIT Equity REITs Index is an unmanaged index considered representative of U.S. REITs.
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 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.
For more information regarding PowerShares Active U.S. Real Estate Fund or any of the PowerShares products, please call 800.983.0903.
