The PowerShares Global Listed Private Equity Portfolio (Fund) is based on the Global Listed Private Equity Index (Index). The Fund will normally invest at least 90% of its total assets in securities, which may include ADRs and GDRs, that comprise the Index. The Index includes between 40 and 60 publicly listed private equity companies, including business development companies and other financial institutions or vehicles whose principal business is to invest in and lend capital to privately held companies. The Index is rebalanced and reconstituted quarterly. |
 |
Date |
|
9/1/2010 |
|
|
Price |
|
9.01 |
|
|
Bid/Ask Midpoint |
|
8.99 |
|
| |
|
NAV |
|
8.99 |
|
|
Bid/Ask Prem/Disc  |
|
-0.01 |
|
|
Bid/Ask Prem/Disc |
|
-0.09% |
|
|
|
|
|
|
| As of 6/30/2010 |
| Index History (%) | 1 Year | 3 Year | 5 Year | 10 Year | Fund Inceptiona |
| Global Listed Private Equity Index | 24.87 | | | | |
| Global Listed Private Equity Index† | 24.68 | | | | -18.99 |
| S&P Financials Index | 16.90 | | | | -20.61 |
| S&P 500 Index | 14.43 | | | | -5.55 |
|
| Fund History (%) | 1 Year | 3 Year | 5 Year | 10 Year | Fund Inceptiona |
| NAV | 18.25 | -29.05 | | | -22.24 |
| After Tax Held | 16.60 | -30.36 | | | -23.56 |
| After Tax Sold | 11.94 | -23.64 | | | -18.20 |
| Market Price | 17.47 | -29.09 | | | -22.33 |
| † Index return data up to Sept. 30, 2009 reflects that of the Listed Private Equity Index. From Sept. 30, 2009 forward, the index return data reflects that of the Global Listed Private Equity Index. |
| 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 6/30/2010 |
 |
| Fund inception precedes index data — data begins 9/30/2007, the month end following most recent index publication date. |
| 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 |
| 6/30/2010 |
63 |
9 |
8 |
2 |
6 |
0 |
0 |
| 3/31/2010 |
61 |
15 |
5 |
0 |
9 |
9 |
0 |
| 12/31/2009 |
64 |
17 |
11 |
1 |
3 |
1 |
0 |
| 9/30/2009 |
63 |
8 |
1 |
0 |
0 |
0 |
0 |
| Fund Inception: 10/24/2006 |
 |
| Multi-Cap Core Style | Fund | |
| Mid-Cap Growth | 18.09 | |
| Mid-Cap Value | 30.81 | |
| Small-Cap Growth | 17.50 | |
| Small-Cap Value | 30.34 | |
| Unclassified style data | 3.26 | |
| As of 9/1/2010 |
 |
| Country |
|
United States |
35.49% |
|
|
United Kingdom |
11.76% |
|
|
Sweden |
9.59% |
|
|
France |
8.30% |
|
|
Netherlands |
6.40% |
|
|
Belgium |
5.57% |
|
|
Canada |
3.41% |
|
|
Switzerland |
3.33% |
|
|
Unclassified |
2.78% |
|
|
South Korea |
2.52% |
|
|
| As of 9/1/2010 |
|
Fund Holdings subject to change |
|
|
HAL Trust |
|
5.30% |
|
|
Ratos AB |
|
4.80% |
|
|
Leucadia National Corp. |
|
4.76% |
|
|
3i Group PLC |
|
4.28% |
|
|
Blackstone Group L.P. |
|
3.87% |
|
|
As of 9/1/2010 |
|
|
|
|
|
| |
|
Eurazeo |
|
3.77% |
|
|
Ares Capital Corp. |
|
3.42% |
|
|
Onex Corp. (Canada) |
|
3.41% |
|
|
Partners Group Holding AG |
|
3.33% |
|
|
Wendel |
|
3.03% |
|
|
|
| | |
As of 9/1/2010
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 value of the stocks in the Global Listed Private Equity 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.
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 costs, taxation by foreign governments, decreased market liquidity, political instability, changes in currency exchange rates, interest rate fluctuation and monetary policy changes.
Shares are subject to risks including: Small and Medium-Sized Company Risk - investing in securities of small and medium-sized companies involves greater risk than is customarily associated with investing in more established companies.
Investments made by listed private equity companies are generally subject to legal and other restrictions on resale and are otherwise less liquid than publicly-traded securities. The illiquidity of these investments may make it difficult to sell such investments if the need arises, and if there is a need for a listed private equity company in which the Fund invests to liquidate its portfolio quickly, it may realize a loss on its investments.
Listed private equity companies may have investment portfolios consisting of a relatively small number of holdings.
Market disruptions, including a downturn in capital markets in general, or a downgrade of the credit rating of a listed private equity company held by the Fund may increase the cost of borrowing to that company, thereby increasing its cost of borrowing and adversely impacting the Fund’s returns.
Fair value of the investments of a listed private equity company may differ significantly from the values that would be reflected if the securities were traded in an established market, potentially resulting in material differences between the net asset value per share and the market value of a listed private equity company.
Many listed private equity companies invest in subordinated and/or unsecured securities of privately held companies, and may not be rated by a credit rating agency.
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 Global Listed Private Equity 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 Global Listed Private Equity Portfolio shares directly from the Trust in large block creation/redemption units. The PowerShares Global Listed Private Equity 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 S&P 500® Financials Index and the S&P 500® Index are unmanaged indexes considered representative of the financial market 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.
For more information regarding PowerShares Global Listed Private Equity Portfolio or any of the Invesco PowerShares products, please call 800.983.0903.
