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The Exclusive ETF Provider of KBW Financial Indexes

Keefe, Bruyette & Woods (KBW) is the largest full-service investment bank that specializes exclusively in the financial services sector. Founded in 1962, KBW is recognized as a leading authority on financial services companies. KBW's focus includes banking companies, insurance companies, real estate and Real Estate Investment Trusts (REITs), broker/dealers, mortgage banks, asset management companies and specialty finance firms. KBW has established industry-leading positions in the areas of research, corporate finance, mergers and acquisitions, and sales and trading for financial services companies.

KBW has a family of indexes that seek to provide investors with a way to track the performance of the banking, insurance and broad financial sectors. Invesco PowerShares is excited to partner with KBW for the launch of four ETFs based on the KBW family of financial sector indexes.

Financial Breakdown of the S&P 500® Index

S&P 500 Breakdown
Chart Coloring Financials 13.17%
Chart Coloring Others 86.83%
Financials Breakdown
Chart Coloring Large Cap Banks 42.28%
Chart Coloring Insurance 19.06%
Chart Coloring Capital Markets 17.01%
Chart Coloring Equity REITs 14.27%
Chart Coloring Other 6.07%
Chart Coloring Mortgage Finance 0.15%
Chart Coloring Regional Banks 0.15%

kbw sp breakdown

PowerShares KBW Bank ETF (KBWB)

KBWB invests in about 24 companies representing leading national money centers and regional banks or thrifts.
Overview | Prospectus

kbwb doughnut
Index: KBW Bank Index

PowerShares KBW Regional Banking ETF (KBWR)

KBWB invests in about 24 companies representing leading national money centers and regional banks or thrifts.
Overview | Prospectus

kbwb doughnut chart
Index: KBW Regional Banking Index

PowerShares KBW Capital Markets ETF (KBWC)

KBWC invests in about 24 companies that do business as broker-dealers, asset managers, trust and custody banks, or exchanges that are publicly traded.
Overview | Prospectus

kbwc doughnut chart
Index: KBW Regional Banking Index

PowerShares KBW Insurance ETF (KBWI)

KBWI invests in about 24 companies that are active in the insurance industry, including, but not limited to, personal and commercial lines, property/casualty, life insurance, reinsurance, brokerage and financial guarantee companies.
| Prospectus

kbwi doughnut chart
Index: KBW Insurance Index

Important Risk Information

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 Fund's return may not match the return of the Underlying Index.

The Funds are considered non-diversified and may be subject to greater risks than a diversified fund.

Investing in securities of small and medium-sized companies may involve greater risk than is customarily associated with investing in large companies.

The Funds may contain securities in the financial, insurance, banking, and capital market sectors. Companies engaged in these sectors are subject to greater risks, and are more greatly impacted by market volatility, than more diversified investments.

PowerShares KBW International Financial Portfolio Risk Information The Fund's investments in foreign financial institutions involve risks that are in addition to the risks associated with domestic securities.

PowerShares KBW Premium Yield Equity REIT Portfolio Risk Information Although the Funds will not invest in real estate directly, the REITS in which the Fund will invest will be subject to risks inherent in the direct ownership of real estate. At times, high yielding, dividend paying securities may be out of favor and underperform other market segments.

PowerShares KBW High Dividend Yield Financial Portfolio Risk Information There are certain risks inherent in investing in Business Development Corporations ("BDCs"). The Investment Company Act of 1940, as amended (the "1940 Act"), imposes certain restraints upon the operations of a BDC. For example, BDCs are required to invest at least 70% of their total assets primarily in securities of private companies or thinly traded U.S. public companies, cash, cash equivalents, U.S. government securities and high quality debt investments that mature in one year or less. Generally, little public information exists for private and thinly traded companies and there is a risk that investors may not be able to make a fully informed investment decision. With investments in debt instruments, there is a risk that the issuer may default on its payments or declare bankruptcy. Additionally, a BDC may only incur indebtedness in amounts such that the BDC's asset coverage equals at least 200% after such incurrence. These limitations on asset mix and leverage may prohibit the way that the BDC raises capital. BDCs generally invest in less mature private companies which involve greater risk than well-established publicly-traded companies. To the extent that the Fund invests a portion of its assets in BDCs, a shareholder in the Fund will bear not only his or her proportionate share of the expenses of the Fund, but also, indirectly the expenses of the BDCs.

Note: Not all products available through all firms.