The PowerShares Senior Loan Portfolio (Fund) is based on the S&P/LSTA U.S. Leveraged Loan 100 Index (Index). The Fund will normally invest at least 80% of its total assets in the component securities that comprise the Index. The Index is designed to track the market-weighted performance of the largest institutional leveraged loans based on market weightings, spreads and interest payments.
|

 |
Date |
|
10/14/2011 |
|
 |
Price |
|
23.41 |
|
 |
Bid/Ask Midpoint |
|
23.39 |
|
| |

 |
NAV |
|
24.32
|
|
 |
Bid/Ask Prem/Disc  |
|
-0.93 |
|
 |
Bid/Ask Prem/Disc |
|
-3.82% |
|
|
 |
 |
 |
 |
| As of 6/30/2011 |
| Index History (%) | 1 Year | 3 Year | 5 Year | 10 Year | Fund Inceptiona |
| S&P/LSTA U.S. Leveraged Loan 100 Index | 10.10 | | | | -0.52 |
| S&P/LSTA Leveraged Loan Index | 9.40 | | | | 0.16 |
| Barclays Capital US Aggregate Index | 3.90 | | | | 2.35 |
 |
| Fund History (%) | 1 Year | 3 Year | 5 Year | 10 Year | Fund Inceptiona |
| NAV | | | | | -0.02 |
| After Tax Held | | | | | -0.34 |
| After Tax Sold | | | | | -0.01 |
| Market Price | | | | | -0.14 |
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. |
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.
|
| 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 The results assume that no cash was added to or assets withdrawn from the Index.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 |
| 6/30/2011 |
86 |
70 |
0 |
0 |
0 |
0 |
0 |
| 6/30/2011 |
64 |
52 |
0 |
0 |
0 |
0 |
0 |
| 6/30/2011 |
86 |
70 |
0 |
0 |
0 |
0 |
0 |
| 3/31/2011 |
21 |
5 |
0 |
0 |
1 |
0 |
0 |
| Fund Inception: 3/3/2011 |
 |
| Ex-Date |  | Record Date |  | Pay Date |  | $ / Share |  | Ordinary Income |  | Short Term Gains |  | Long Term Gains |  | Return of Capital |
| 9/15/2011 |  | 9/19/2011 |  | 9/30/2011 |  | 0.08600 |  | 0.08600 |  | N.A. |  | N.A. |  | N.A. |
| 8/15/2011 |  | 8/17/2011 |  | 8/31/2011 |  | 0.08317 |  | 0.08317 |  | N.A. |  | N.A. |  | N.A. |
| 7/15/2011 |  | 7/19/2011 |  | 7/29/2011 |  | 0.07568 |  | 0.07568 |  | N.A. |  | N.A. |  | N.A. |
| 6/15/2011 |  | 6/17/2011 |  | 6/30/2011 |  | 0.07726 |  | 0.07726 |  | N.A. |  | N.A. |  | N.A. |
| 5/13/2011 |  | 5/17/2011 |  | 5/31/2011 |  | 0.07600 |  | 0.07600 |  | N.A. |  | N.A. |  | N.A. |
| 4/15/2011 |  | 4/19/2011 |  | 4/29/2011 |  | 0.07357 |  | 0.07357 |  | N.A. |  | N.A. |  | N.A. | |
| |
| Distribution Information |
 |
Fund Holdings subject to change |
|
| | Coupon Rate | Maturity Date | Rating† | Weight |
| Tribune Company 06/04/14 | 0.00% | 6/4/2014 | NR/NR | 2.34% |
| CLEAR CHANNEL COMMUNICATIONS, INC. 01/29/16 | 3.89% | 1/29/2016 | CCC+/Caa1 | 1.91% |
| Springleaf Finance Corp. 05/10/17 | 5.50% | 5/10/2017 | CCC+/B3 | 1.85% |
| Texas Competitive Electric Hldgs NonExt | 3.76% | 10/10/2014 | CCC/B2 | 1.76% |
| First Data Corporation TL | 4.24% | 3/24/2018 | B+/B1 | 1.76% |
| Texas Competitive Electric Hldgs Co. | 4.76% | 10/10/2017 | CCC/B2 | 1.71% |
| Intelsat Jackson Holdings S.A. 04/02/18 | 5.25% | 4/2/2018 | BB-/B1 | 1.71% |
| Community Health Systems, Inc. 07/25/14 | 2.65% | 7/25/2014 | BB/Ba3 | 1.61% |
| Harrah's Operating Company, Inc. 01/28/15 | 3.24% | 1/28/2015 | B/B3 | 1.60% |
| CHRYSLER AUTOMOTIVE GROUP LLC TL 05/24/17 | 6.00% | 5/24/2017 | BB/Ba2 | 1.59% |
| | % of Fund |
| 0 - 1 years | 0.93 |
| 1 - 5 | 68.83 |
| 5 - 10 | 26.55 |
| 10 - 15 | 0.50 |
| 15 - 20 | 0.00 |
| 20 - 25 | 0.00 |
| 25 and Over | 0.00 |
| | |
 |
| As of 5/20/2012 |
†Credit ratings are assigned by Nationally Recognized Statistical Rating Organizations based on assessment of the credit worthiness of the underlying bond issuers. The ratings range from AAA (highest) to D (lowest) and are subject to change. Not rated indicates the debtor was not rated, and should not be interpreted as indicating low quality. For more information on rating methodologies, please visit the following NRSRO websites: standardandpoors.com and select "Understanding Ratings" under Rating Resources and moodys.com and select "Rating Methodologies" under Research and Ratings.
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.
Investments in loans are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a loan resulting from changes in the general level of interest rates. Credit risk refers to the possibility that the borrower of a loan will be unable and/or unwilling to make timely interest payments and/or repay the principal on its obligation. There is no organized exchange on which loans are traded and reliable market quotations may not be readily available.
The Fund may invest in non-investment grade, or high-yield, securities (junk bonds). High-yield securities have additional risks, including interest-rate changes, decreased market liquidity and a larger amount of outstanding debt than investment-grade securities.
Proceeds from a current investment of the Fund, both interest payments and principal payments, may be reinvested in instruments that offer lower yields than the current investment due in part to market conditions and the interest rate environment at the time of reinvestment.
The market value of the shares of closed-end investment companies may differ from their NAV. In addition, the shares of closed-end investment companies frequently trade at a discount to their NAV. As an investor in closed-end investment companies, the Fund would bear its ratable share of those closed-end investment companies' fees and expenses, 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.
The Fund's use of a representative sampling approach will result in its holding a smaller number of loans than are in the Underlying Index, and may subject the Fund to greater volatility.
The Fund currently intends to effect creations and redemptions principally for cash, rather than principally in-kind because of the nature of the Fund's investments. As such, investments in the Fund may be less tax efficient than investments in ETFs that create and redeem in-kind.
The Fund is non-diversified and can invest a greater portion of its assets in securities of individual issuers than a diversified fund.
Investments focused in a particular industry are subject to greater risk, and are more greatly impacted by market volatility than more diversified investments.
Covenants carry counterparty risk and do not guarantee against loss of principal.
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 100,000 Shares.
The S&P/LSTA Leveraged Loan Index is an unmanaged index that tracks the current outstanding balance and spread over LIBOR for fully funded term loans. The Barclays Capital U.S. Aggregate Index is an unmanaged index considered representative of the U.S. investment-grade, fixed-rate bond market.