The PowerShares Zacks Micro Cap Portfolio (Fund) is based on the Zacks Micro Cap Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify a group of micro cap stocks with the greatest potential to outperform passive benchmark micro cap indexes and other actively managed U.S. micro cap strategies. Due to their low correlation to large, medium and small sized companies, micro caps may complement existing blended portfolios by improving risk adjusted performance. |
 |
Date |
|
11/19/2009 |
|
|
Price |
|
9.15 |
|
|
Bid/Ask Midpoint |
|
9.16 |
|
| |
|
NAV |
|
9.16 |
|
|
Bid/Ask Prem/Disc  |
|
0.00 |
|
|
Bid/Ask Prem/Disc |
|
0.04% |
|
|
|
|
|
|
| As of 9/30/2009 |
| Index History (%) | 1 Year | 3 Year | 5 Year | 10 Year | Fund Inceptiona |
| Zacks Micro Cap Index | -23.28 | -15.86 | | | -9.72 |
| Russell Micro Cap Index | -7.93 | -7.85 | | | -4.15 |
| Dow Jones Micro Cap Index | -11.47 | -6.18 | | | -2.64 |
| S&P 500 Index | -6.91 | -5.43 | | | -1.39 |
|
| Fund History (%) | 1 Year | 3 Year | 5 Year | 10 Year | Fund Inceptiona |
| NAV | -22.46 | -15.30 | | | -9.24 |
| After Tax Held | -22.75 | -15.59 | | | -9.47 |
| After Tax Sold | -14.62 | -12.78 | | | -7.77 |
| Market Price | -22.98 | -15.37 | | | -9.29 |
| 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 8/31/2005, 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 The results assume that no cash was added to or assets withdrawn from the Index.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 |
1 |
0 |
0 |
0 |
0 |
0 |
| 6/30/2009 |
63 |
0 |
0 |
0 |
1 |
0 |
0 |
| 3/31/2009 |
61 |
3 |
0 |
0 |
0 |
0 |
0 |
| Fund Inception: 8/18/2005 |
 |
| Multi-Cap Core Style | Fund | |
| Mid-Cap Growth | 0.28 | |
| Small-Cap Growth | 46.09 | |
| Small-Cap Value | 51.39 | |
| Unclassified style data | 2.24 | |
| As of 11/20/2009 |
|
Fund Holdings subject to change |
|
|
Landry's Restaurants Inc. |
|
0.49% |
|
|
Telestone Technologies Corp. |
|
0.48% |
|
|
China Yuchai International Ltd. |
|
0.46% |
|
|
East West Bancorp Inc. |
|
0.44% |
|
|
Nanometrics Inc. |
|
0.43% |
|
|
As of 11/20/2009 |
|
|
|
|
|
| |
|
Green Plains Renewable Energy Inc. |
|
0.43% |
|
|
Qiao Xing Mobile Communication Co. Ltd. |
|
0.42% |
|
|
U.S. Energy Corp. |
|
0.41% |
|
|
China Green Agriculture Inc. |
|
0.38% |
|
|
Nelnet Inc. (Cl A) |
|
0.37% |
|
|
|
| | |
As of 11/20/2009
Fund performance figures include the reinvestment of dividends but the return figures for the respective Index do not. As a result, Fund performance returns may appear to be more favorable when compared
to the Index's returns.
Performance data quoted is price return and 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 Zacks Micro Cap Portfolio's return may not match the return of the Zacks Micro Cap 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 Zacks Micro Cap 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 Zacks Micro Cap 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 Zacks Micro Cap 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 Zacks Micro Cap Portfolio shares directly from the Trust in large block creation/redemption units. The PowerShares Zacks Micro Cap 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 Russell Microcap® Index and the Dow Jones Select Micro-Cap Total Return Index are unmanaged indexes considered
representative of micro-cap stocks. The S&P
500® Index is an unmanaged index considered
representative of the U.S. stock market. The Russell
Microcap Index is a trademark/service mark of the
Frank Russell Co. Russell® is a trademark of the
Frank Russell Co.
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 Zacks Micro Cap are subject to risks similar to those of stocks, including those regarding short selling and margin account maintenance. Usual brokerage commissions apply.
For more information regarding PowerShares Zacks Micro Cap Portfolio or any of the Invesco PowerShares products, please call 800.983.0903.
