PowerShares S&P Factor Driven ETFs provide new takes on classic indexes. These groundbreaking products have the potential to provide low volatility, high beta, high quality, and high dividend tilts on traditional domestic and international benchmarks.
In addition, the Factor Driven suite offers the benefits of the ETF structure, including intra-day liquidity,1 transparency,2 and tax efficiency.3
1 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 Unit aggregations only, typically consisting of 50,000 shares.
2 ETFs disclose their full portfolio holdings daily.
3 While it is not Invesco PowerShares intention, there is no guarantee that the Funds will not distribute capital gains to its shareholders.
Volatility is the annualized standard deviation of index returns.
Beta is a measure of relative risk and the slope of regression.
Although the funds seek to add beta, there is no assurance that the funds will meet that goal.
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 short selling and margin maintenance. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index.
Securities that pay high dividends as a group can fall out of favor with the market, causing such companies to underperform companies that do not pay high dividends.
Unforeseen market conditions may prevent the Fund from achieving its goal of providing low volatility.
The prices of equity securities change in response to many factors, including the historical and prospective earnings of the issuer, the value of its assets, general economic conditions, interest rates, investor perceptions and market liquidity.
Foreign securities have additional risks, including exchange-rate changes, decreased market liquidity, political instability and taxation by foreign governments.
Investment in securities in emerging market countries involves risks not associated with investments in securities in developed countries.
The Funds are non-diversified and can invest a greater portion of their assets in securities of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in Share price than would occur in a diversified fund. This may increase the Funds' volatility and cause the performance of a relatively small number of issuers to have a greater impact on the Funds' performance.
S&P® is a registered trademark of Standard & Poor's Financial Services LLC (S&P) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones). These trademarks have been flicensed for use by S&P Dow Jones Indices LLC. S&P® and Standard & Poor's® are trademarks of S&P and Dow Jones® is a trademark of Dow Jones. These trademarks have been sublicensed for certain purposes by Invesco PowerShares Capital Management LLC (Invesco PowerShares). The Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Invesco PowerShares. The Fund is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates make any representation regarding the advisability of investing in such product(s).
Investing in securities of small and medium capitalization companies involves greater risk than customarily associated with investing in larger, more established companies.
The fund's use of a representative sampling approach will result in its holding a smaller number of bonds than are in the underlying Index, and may be subject to greater volatility.
Note: Not all products are available through all firms