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| 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 tradable 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. |
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| KBWX PowerShares KBW International Financial Portfolio |
| Index: |
KBW Global ex-U.S. Financial Sector Index |
| KBWX Details: |
KBWX will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Underlying Index is currently comprised primarily of American Depositary Receipts (ADRs). |
| KBWP PowerShares KBW Property & Casualty Insurance Portfolio |
| Index: |
KBW Property & Casualty Index |
| KBWP Details: |
KBWP will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. |
| KBWY PowerShares KBW Premium Yield Equity REIT Portfolio |
| Index: |
KBW Premium Yield Equity REIT Index |
| KBWY Details: |
KBWY will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. |
| KBWD PowerShares KBW High Dividend Yield Financial Portfolio |
| Index: |
KBW Financial Sector Dividend Yield Index |
| KBWD Details: |
KBWD will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. |
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| There are risks involved with investing in exchange-traded funds ("ETFs"), including possible loss of money. Shares are not actively managed and are subject to risks including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. |
| The Funds are considered non-diversified and may be subject to greater risks than a diversified fund. |
| Foreign securities have additional risks, including exchange-rate changes, decreased market liquidity, political instability and taxation by foreign governments. If the Fund is focused in an industry or sector, it may present more risks than if it were broadly diversified over numerous industries and sectors of the economy. |
| Investments in real estate instruments may be affected by economic, legal, cultural, environment or technological factors that affect the property values, rents or occupancies of real estate related to the Fund's holdings. |
| 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. |
| Property and casualty insurance companies can be significantly affected by many factors, including changes in interest rates, general economic conditions, the imposition of premium rate caps, competition, and pressure to compete globally, including price and marketing competition, and other changes in government regulation or tax law. In addition, different segments of the insurance industry can be significantly affected by mortality and morbidity rates, environmental clean-up costs and catastrophic events such as natural disasters and terrorist acts. A significant percentage of the Underlying Index may be comprised of issuers in a single industry or sector of the economy. |
| Please see the prospectus for complete risk information. |
| 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. |
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©2012 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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