Invesco PowerShares Leading the Intelligent ETF Revolution(r)
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The PowerShares CEF Income Composite Portfolio (Fund) is based on the S-Network Composite Closed-End Fund IndexSM (Index). The Fund will normally invest at least 80% of its total assets in securities of funds included in the Index. The Fund is a "fund of funds," as it invests its assets in the common shares of funds included in the Index rather than in individual securities. The Index currently includes closed-end funds that invest in taxable investment grade fixed-income securities, taxable high yield fixed-income securities and others utilize an equity option writing (selling) strategy.

Go to:   Performance | Distributions | Top Holdings | Investment Categories
Literature:  Prospectus | Fact Sheet | Investor Guide
Links:   Fund Holdings | Interactive Charting | Download Historical NAVs

Date   9/1/2010  
Price   25.50  
Bid/Ask Midpoint   25.50  
 
NAV   25.48  
Bid/Ask Prem/Disc   0.02  
Bid/Ask Prem/Disc   0.10%  

 As of 6/30/2010
Index History (%)1 Year3 Year5 Year10 YearFund Inceptiona
S-Network Composite Closed-End Fund Index-2.56
S&P 500 Index-6.07
Fund History (%)1 Year3 Year5 Year10 YearFund Inceptiona
NAV-1.82
After Tax Held-2.79
After Tax Sold-1.15
Market Price0.35

This is a new Fund and has no full-year Fund performance to report as of most recent quarter end.

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.
Standardized performance calculations include the Acquired Fund Fees and Expenses.
Monthly Standardized Report


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 stated in the Fund's prospectus, the expense ratio of 0.50% is expressed as a unitary fee to cover expenses incurred in connection with managing the portfolio. In addition to the expense ratio of 0.50%, the Fund will indirectly bear its proportionate share of the fees and expenses of the underlying funds in which it invests. These Acquired Fund Fees and Expenses are 1.31%. The actual Underlying Fund expenses will vary with changes in the allocations of the Fund’s assets. These expenses are based on the total expense ratio of the Underlying Funds for each Underlying Fund’s most recent fiscal period.


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 10 5 18 1 0 2
3/31/2010 29 1 0 4 6 1 0
Fund Inception: 2/19/2010

Ex-DateRecord DatePay Date$ / ShareOrdinary IncomeShort Term GainsLong Term GainsReturn of Capital
8/13/20108/17/20108/31/20100.179460.17946N.A.N.A.N.A.
7/15/20107/19/20107/30/20100.180870.18087N.A.N.A.N.A.
6/15/20106/17/20106/30/20100.179700.17970N.A.N.A.N.A.
5/14/20105/18/20105/28/20100.180740.18074N.A.N.A.N.A.
4/15/20104/19/20104/30/20100.180000.18000N.A.N.A.N.A.
3/15/20103/17/20103/31/20100.182400.18240N.A.N.A.N.A.
 
Distribution Information



Fund Holdings subject to change  
Eaton Vance Tax-Managed Global Diversified Equity Income Fund   5.41%  
AllianceBernstein Income Fund Inc.   4.87%  
NFJ Dividend & Premium Strategy Fund   4.09%  
Nuveen Multi-Strategy Income & Growth Fund 2   3.24%  
Eaton Vance Tax-Managed Diversified Equity Income Fund   2.88%  
As of 9/1/2010    
 
 
AllianceBernstein Global High Income Fund Inc.   2.71%  
Wells Fargo Advantage Income Opportunities Fund   2.54%  
Templeton Global Income Fund   2.38%  
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund   2.28%  
Nuveen Multi-Strategy Income & Growth Fund   2.19%  

View All Fund Holdings




As of 9/1/2010



There are risks involved with investing in ETFs including possible loss of money. The Fund is not actively managed. Ordinary brokerage commissions apply.

The Fund's price and yield performance, because it is a fund of funds, depends on the price and yield performance of the Underlying Funds in which it invests. An investment in the Fund is subject to the risks associated with the Underlying Funds that comprise the Underlying Index, including, among others, Investment and Market Risk; Interest Rate Risk; Credit Risk; Below Investment Grade Securities Risk; Options Risk; Derivatives Risk; Leverage Risk; Counterparty Risk; Senior Loans Risk; Foreign and Emerging Market Securities Risk; Liquidity Risk; Concentration Risk; Mortgage- and Asset-Backed Securities Risk; Small and Medium Capitalization Company Risk; Recent Developments in Financial Markets; and Anti-Takeover Provisions Risk. See the prospectus for additional risk information. The Fund will indirectly pay a proportional share of the fees of the Underlying Funds in which it invests, including its investment advisory and administration fees, while continuing to pay its own advisory and administration fees and other expenses. As a result, shareholders will be absorbing duplicate levels of fees with respect to investments in closed-end investment companies. At times, certain of the segments of the market represented by constituent Underlying Funds in the Underlying Index may be out of favor and underperform other segments.

The shares of closed-end investment companies may trade at a discount, premium, or at their NAV.

The securities of closed-end investment companies in which the Fund may invest may be leveraged. As a result, the Fund may be indirectly exposed to leverage through an investment in such securities. An investment in securities of closed-end investment companies that use leverage may expose the Fund to higher volatility in the market value of such securities and the possibility that the Fund's long-term returns on such securities (and, indirectly, the long-term returns of the Shares) will be diminished.

The Fund is considered non-diversified and can invest a greater portion of assets in securities of individual issuers and may be subject to greater risk than a diversified fund.

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.

S-Network Global Indexes, LLCSM and S-Network Composite Closed-End Fund IndexSM are service marks of S-Network Global Indexes LLC and have been licensed for use by Invesco PowerShares Capital Management LLC. The PowerShares CEF Income Composite Portfolio is not sponsored, endorsed, sold or promoted by S-Network Global Indexes LLC and S-Network Global Indexes LLC makes no representation regarding the advisability of investing in the PowerShares CEF Income Composite Portfolio. Invesco PowerShares Capital Management LLC is not affiliated with S-Network Global Indexes LLC.

The S&P 500® Index is an unmanaged index considered representative of the U.S. stock market.

For more information regarding PowerShares CEF Income Composite Portfolio or any of the Invesco PowerShares products, please call 800.983.0903.

As of 9/2/2010 12:14 PM EST
Last Trade $25.51
Current IIV $25.48
Change 0.01
% Change 0.03%
As of 9/1/2010
Market Close
NAV 25.48
As of 9/1/2010
SEC 30 Day Yield 8.24%
Distribution Yield 8.45%
12 Month Yield N/A
As of 9/1/2010
Average Premium / Discount to NAV -2.20%
As of 9/2/2010
Previous Close $25.50
Open $25.53
Today's High $25.54
Today's Low $25.48
Today's Volume 31,902
52 Week High $28.50
52 Week Low $18.22
Shares Outstanding 5.4MM
Market Value $137.6MM
Fund Ticker PCEF
CUSIP # 73936Q843
ISIN US73936Q8437
Intraday NAV PCEF.IV
Index Ticker CEFX
Index Provider  S-Network Global Indexes LLC
Management Fee† 0.50%
Acquired Fund Fees & Expenses† 1.31%
Total Annual Fund Operating Expenses† 1.81%
Marginable Yes
Short Selling Yes
Options Yes
Exchange NYSE Arca
Inception Date 2/19/2010
# of Holdings
as of 9/1/2010		 94
1 year | 3 year | YTD
Interactive Charting
Calculation of the premium or discount of the Bid/Ask Midpoint price at the time of calculation of the NAV against such NAV.
The Intraday Indicative Value for an ETF is typically published under a seperate symbol every 15 seconds over the Consolidated Tape and calculated throughout the trading day based on the last sale prices of the securities specified for creation and redemption plus any estimated cash amounts associated with the creation unit, all on a per-ETF share basis.
A standard yield calculation developed by the Securities and Exchange Commission that allows for a common ground comparison of yield performance. It is based on the most recent 30-day period. It is calculated by dividing the net investment income (less expenses) per share over a 30-day period by the current maximum offering price.
The yield represents a single distribution from the fund and does not represent the total return of the fund. The yield is calculated by annualizing the most recent distribution and dividing by the fund NAV from the as of date. N/A will be displayed if the fund did not make a distribution in the most recent quarter.
The sum of a fund's total trailing 12-month interest and dividend payments divided by the last month's ending share price (NAV) plus any capital gains distributed over the same period.
For a description of the application of the Expense Cap and the Gross Ratio and Net Ratio please see the Fund's current prospectus.
Provides the total gross annual fund operating expenses per the Fund's current prospectus.
Provides the expected expense ratio charged to shareholders per the Fund's current prospectus and reflects the investment advisor's contractual agreement to waive a portion of its fees and/or pay Fund expenses at least until 9/2/2010.
The share price divided by earnings per share.
The price per share divided by accounting book value per share.
Net income divided by net worth.
The average market value of a company's outstanding securities, excluding current liabilities. Under $3.5 billion is generally considered small cap; $3.5 billion to $9 billion is mid cap; and over $9 billion is large cap.
The sum of each holding's price multiplied by its weight.
A method of calculating an average value that lessens the impact of large outliers and increases the impact of small ones.
This number indicates the number of trading days represented within the most recent quarter displayed.
New lower expenses. Click icon for more information.
A measure of a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. This duration measure is appropriate for bond with embedded options.
A measure of a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. This duration measure is appropriate for option-free bonds.
The amount by which a CEF's market price is greater or less than its NAV, expressed as a percent of NAV.
The lowest of all yield to calls or the yield to maturity.
The annualized rate of return on a bond held to maturity.
©2010 Invesco PowerShares Capital Management LLC
PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC (Invesco PowerShares). Invesco PowerShares Capital Management LLC and Invesco Distributors, Inc. are indirect, wholly owned subsidiaries of Invesco Ltd.
Invesco Distributors, Inc. is the distributor of the PowerShares Exchange-Traded Fund Trust, the PowerShares Exchange-Traded Fund Trust II, the PowerShares India Exchange-Traded Fund Trust and the PowerShares Actively Managed Exchange-Traded Fund Trust.
Investment products offered are: Not FDIC Insured  • No Bank Guarantee  • May Lose Value
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