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Bonds Italian Govt. Bonds Japanese Govt. Bonds U.S. Govt. Bonds Agriculture Base Metals Gold Crude Oil Commodity Currency A Smart Beta Portfolio. Learn More. The PowerShares Buyback AchieversTM Portfolio (Fund) is based on the NASDAQ US Buyback AchieversTM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of companies that meet the requirements to be classified as BuyBack Achievers™. The NASDAQ US BuyBack Achievers Index is comprised of US securities issued by corporations that have effected a net reduction in shares outstanding of 5% or more in the trailing 12 months. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October. Effective February 25, 2013, the name of the Index changed from Share Buyback Achievers Index to NASDAQ US Buyback Achievers Index. Effective Nov. 8, 2013, the methodology of the NASDAQ US Buyback Achievers Index changed, including eligibility criteria. Please see the Fund’s prospectus supplement for more information. Go to: Performance | Distributions | Top Holdings Literature: Prospectus | Fact Sheet | Subscribe to Fact Sheet | Links: Fund Holdings | Interactive Charting | Download Historical NAVs Date 2/7/2014 Price 41.38 Bid/Ask Midpoint 41.37 NAV 41.35 Bid/Ask Prem/Disc 0.02 Bid/Ask Prem/Disc 0.05% Premium Discount to NAV Chart As of 12/31/2013 Index History (%) 1 Year 3 Year 5 Year 10 Year Fund Inception NASDAQ US Buyback Achievers Index 46.63 23.02 23.97 9.81 S&P 500 Index 32.39 16.18 17.94 7.41 6.06 Russell 3000 Value Index 32.69 15.93 16.75 7.66 4.57 Fund History (%) 1 Year 3 Year 5 Year 10 Year Fund Inception NAV 45.59 22.14 23.06 9.00 After Tax Held 45.14 21.89 22.84 8.83 After Tax Sold 25.77 17.55 18.97 7.21 Market Price 45.71 22.09 23.03 8.97 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 of 12/31/2013 Data beginning Fund inception and ending December 31, 2013. 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 Ending Days 0.50-0.99% 1.00-1.99% > 2.00% 0.50-0.99% 1.00-1.99% > 2.00% 12/31/2013 64 0 0 0 0 0 0 9/30/2013 64 0 0 0 0 0 0 6/30/2013 64 0 0 0 0 0 0 3/31/2013 60 0 0 0 1 0 0 Year Ended 2013 252 0 0 0 1 0 0 Fund Inception: 12/20/2006 Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results. Ex-Date Record Date Pay Date $ / Share Ordinary Income Short Term Gains Long Term Gains Return of Capital 12/20/2013 12/24/2013 12/31/2013 0.09586 0.09586 N.A. N.A. N.A. 9/20/2013 9/24/2013 9/30/2013 0.06594 0.06594 N.A. N.A. N.A. 6/21/2013 6/25/2013 6/28/2013 0.08888 0.08888 N.A. N.A. N.A. 3/15/2013 3/19/2013 3/28/2013 0.01583 0.01583 N.A. N.A. N.A. 12/21/2012 12/26/2012 12/31/2012 0.18868 0.18868 N.A. N.A. N.A. 9/21/2012 9/25/2012 9/28/2012 0.05329 0.05329 N.A. N.A. N.A. 6/15/2012 6/19/2012 6/29/2012 0.09122 0.09122 N.A. N.A. N.A. 3/16/2012 3/20/2012 3/30/2012 0.03866 0.03866 N.A. N.A. N.A. 12/16/2011 12/20/2011 12/30/2011 0.07697 0.07697 N.A. N.A. N.A. 9/16/2011 9/20/2011 9/30/2011 0.06119 0.06119 N.A. N.A. N.A. View All Distributions Distribution Information Large-Cap Growth 35.03% Large-Cap Value 29.56% Mid-Cap Growth 15.57% Mid-Cap Value 14.18% Small-Cap Growth 3.01% Small-Cap Value 2.55% Unclassified style data 0.09% As of 2/7/2014 Fund Holdings subject to change Pfizer Inc 5.28% Oracle Corp 5.04% Home Depot Inc/The 4.81% AT&T Inc 4.76% GENERAL MOTORS CO 3.13% As of 2/7/2014 Lowe's Cos Inc 3.01% Halliburton Co 2.75% Time Warner Cable Inc 2.38% Yahoo! Inc 2.36% DIRECTV 2.30% View All Fund Holdings As of 2/7/2014 Typically, security classifications used in calculating allocation tables are as of the last trading day of the previous month. 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. Investments focused in a particular industry are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments. The Fund is 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. Securities lending involves a risk of loss because the borrower may fail to return the securities in a timely manner or at all. If a Fund is not able to recover the securities loaned, it may sell the collateral and purchase a replacement security in the market. Lending securities entails a risk of loss to the Funds if and to the extent that the market value of the loaned securities increases and the collateral is not increased accordingly. The S&P 500® Index and the Russell 3000® Value Index are unmanaged indexes considered representative of the U.S. stock market and U.S. value stocks, respectively. The Russell 3000® Value Index is a trademark/service mark of the Frank Russell Co. Russell® is a trademark of the Frank Russell Co. The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's. The NASDAQ Buyback Achievers™ Index is a trademark of NASDAQ OMX Group, Inc. and is licensed for use by Invesco PowerShares Capital Management LLC in connection with the PowerShares Buyback Achievers Portfolio. The Fund is not sponsored or endorsed by NASDAQ OMX Group, Inc. and NASDAQ OMX Group, Inc. makes no warranty or representation as to the accuracy and/or completeness of the Index or results to be obtained by any person from use of the Index or the trading of the ETF. Beta is a measure of risk representing how a security is expected to respond to general market movements. Smart Beta represents an alternative and selection index based methodology that seeks to outperform a benchmark or reduce portfolio risk, or both. Smart beta funds may underperform cap-weighted benchmarks and increase portfolio risk. As of 2/8/2014 12:00 AM EST Last Trade $41.38 Current IIV $41.34 Change 0.61 % Change 1.50% As of 2/7/2014 Market Close NAV 41.35 As of 2/7/2014 30-Day SEC Yield 0.98% Distribution Yield 0.93% 12 Month Yield 0.64% 30-Day SEC Unsubsidized Yield As of 2/05/2014 N/A As of 02/08/2014 Previous Close $40.77 Open $40.99 Today's High $41.40 Today's Low $40.93 Today's Volume 714,456 52 Week High $43.24 52 Week Low $31.44 Shares Outstanding 63.55MM Market Value $2,627.7MM Fund Ticker PKW CUSIP # 73935X286 ISIN US73935X2861 Intraday NAV PKWIV Index Ticker DRBTR Index Provider NASDAQ OMX Group, Inc. Management Fee 0.50% Acquired Fund Fees & Expenses 0.01% Total Expense Ratio 0.71% Marginable Yes Short Selling Yes Options Yes Exchange NYSE Arca Inception Date 12/20/2006 # of Holdings as of 2/7/2014 177 As of 12/31/2013 Price/Earnings Ratio¹ 15.84 Price/Book Ratio¹ 2.26 ROE² 19.46% Avg Market Cap² 39,066MM ¹Weighted Harmonic Average ²Weighted Average The midpoint between the highest bid and the lowest offer, as of the time that the Fund's NAV is calculated, generally around 4 pm (eastern time). 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 separate 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. Reflects the 30-day yield if the investment adviser were not waiving all or part of its fee or reimbursing the fund for part of its expenses. Total return would have also been lower in the absence of these temporary reimbursements or waivers. N/A indicates that during the 30-day period shown, Fund costs did not exceed the expense cap as outlined in the prospectus and the Adviser did not waive any fees in accordance with the Fee Waiver and Expense Assumption Agreement. Please see current prospectus for more information. Reflects the 30-day yield if the investment adviser were not waiving all or part of its fee or reimbursing the fund for part of its expenses. Total return would have also been lower in the absence of these temporary reimbursements or waivers. 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. The Adviser has contractually agreed to waive fees and/or pay certain Fund expenses through at least . The Fund’s pro rata portion of the cumulative expenses charged by the Underlying holdings in which the Fund invests. 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 2/8/2014 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. 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. The amount by which a CEF's market price is greater or less than its NAV, expressed as a percent of NAV. The period in the life of a callable bond in which the issuing company is not permitted to redeem the bond. The amount by which the convertible price exceeds the value of the stock into which it can be converted. The amount by which the price of the convertible exceeds its value as a straight bond, ignoring the conversion feature. A measure of the expensiveness/cheapness of the option embedded in the convertible bond. Ranging from zero to one, a measure of a convertible's price sensitivity to movements in the price of its underlying stock. The average of each bond’s coupon divided by its current price ©2014 Invesco PowerShares Capital Management LLC PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC (Invesco PowerShares). Invesco PowerShares 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. ALPS Distributors, Inc. is the distributor of PowerShares QQQ, BLDRS Funds and PowerShares DB Funds. PowerShares QQQ and BLDRS Funds are unit investment trusts. Invesco PowerShares and Invesco Distributors, Inc. are not affiliated with ALPS Distributors, Inc. PowerShares DB ETNs are senior unsecured obligations issued by Deutsche Bank AG, London Branch. Certain marketing services may be provided for these products by Invesco Distributors, Inc. or its affiliate, Invesco PowerShares Capital Management LLC. Neither firm is affiliated with Deutsche Bank. Certain marketing services may be provided for the DB ETNS and DB ETFs by Invesco Distributors, Inc. or its affiliate, Invesco PowerShares Capital Management LLC. Invesco Distributors, Inc. will be compensated by Deutsche Bank or its affiliates for providing these marketing services. Neither Invesco Distributors, Inc. nor Invesco PowerShares is affiliated with Deutsche Bank. Shares are not individually redeemable and owners of the Shares may acquire those Shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations only, typically consisting of 50,000, 75,000, 100,000 or 200,000 Shares. Shares are not FDIC insured, may lose value and have no bank guarantee. View the Legal Notice