DOWNERS GROVE, Ill.,
May 26, 2015 /PRNewswire/ -- Invesco
PowerShares Capital Management LLC, a leading global provider of
exchange-traded funds (ETFs) with more than $100 billion in franchise assets, announced in
March changes to its product line, which took effect at
market close on May 22, 2015.
Putting into effect the changes announced on March 13, 2015, nine ETFs from PowerShares'
Fundamental Pure Portfolio lineup now track corresponding Russell
indexes. The PowerShares NYSE Century Portfolio is now following
the Dow Jones U.S. Contrarian Opportunities Index. Each portfolio
has a new name, additionally, four ETFs saw a reduction in
management fees* and four ETFs received new product tickers.
"Invesco PowerShares is committed to delivering innovative ETF
solutions that are aligned with today's investment landscape," said
Dan Draper, Managing Director of
Invesco PowerShares. "These changes to our ETF offerings may help
our clients capture unique growth opportunities as market
conditions evolve."
On March 12, 2015, the Board of
Trustees approved changes to the underlying indexes and providers,
management fee, expense cap, investment policy and strategy changes
for the ETFs indicated in the table below. These changes went into
effect at market close on May 22,
2015.
For additional information, shareholders of the ETFs may call
Invesco PowerShares at 800-983-0903.
Previous Fund
Name
|
Previous Index
Name
|
New
Index
|
New Fund Name and
Ticker
|
Management Fee
Reduction
|
|
PXLC -
PowerShares
Fundamental Pure
Large Core Portfolio
|
RAFI Fundamental
Large Core Index
|
Russell Top 200
Equal
Weight Index
|
PowerShares Russell
Top 200
Equal Weight Portfolio (EQWL)
|
0.29% to
0.25%*
|
|
PXLV - PowerShares
Fundamental Pure Large Value Portfolio
|
RAFI Fundamental
Large Value Index
|
Russell Top 200
Pure
Value Index
|
PowerShares Russell
Top 200
Pure Value Portfolio (PXLV)
|
N/A
|
|
PXLG -
PowerShares
Fundamental Pure
Large Growth Portfolio
|
RAFI Fundamental
Large Growth Index
|
Russell Top 200
Pure
Growth Index
|
PowerShares Russell
Top 200
Pure Growth Portfolio (PXLG)
|
N/A
|
|
PXMC - PowerShares
Fundamental Pure Mid Core Portfolio
|
RAFI Fundamental
Mid Core Index
|
Russell Midcap
Equal
Weight Index
|
PowerShares Russell
Midcap
Equal Weight Portfolio (EQWM)
|
0.29% to
0.25%*
|
|
PXMG - PowerShares
Fundamental Pure Mid Growth Portfolio
|
RAFI Fundamental
Mid Growth Index
|
Russell Midcap
Pure
Growth Index
|
PowerShares Russell
Midcap
Pure Growth Portfolio (PXMG)
|
N/A
|
|
PXMV - PowerShares
Fundamental Pure Mid Value Portfolio
|
RAFI Fundamental
Mid Value Index
|
Russell Midcap
Pure
Value Index
|
PowerShares Russell
Midcap
Pure Value Portfolio (PXMV)
|
N/A
|
|
PXSC - PowerShares
Fundamental Pure Small Core Portfolio
|
RAFI Fundamental
Small Core Index
|
Russell 2000
Equal
Weight Index
|
PowerShares Russell
2000
Equal Weight Portfolio (EQWS)
|
0.29% to
0.25%*
|
|
PXSV - PowerShares
Fundamental Pure Small Value Portfolio
|
RAFI Fundamental
Small Value Index
|
Russell 2000 Pure
Value Index
|
PowerShares Russell
2000
Pure Value Portfolio (PXSV)
|
N/A
|
|
PXSG - PowerShares
Fundamental Pure Small Growth Portfolio
|
RAFI Fundamental
Small Growth Index
|
Russell 2000 Pure
Growth Index
|
PowerShares Russell
2000
Pure Growth Portfolio (PXSG)
|
N/A
|
|
NYCC - PowerShares
NYSE Century Portfolio
|
NYSE Century
IndexSM
|
Dow Jones U.S.
Contrarian
Opportunities Index
|
PowerShares
Contrarian
Opportunities Portfolio (CNTR)
|
0.50% to 0.35
%*
|
* Portfolio's management fee was reduced. Please see prospectus
supplement for additional information.
About Invesco PowerShares Capital Management LLC and Invesco,
Ltd.
Invesco PowerShares Capital Management LLC is leading the
Intelligent ETF Revolution® through its family of more
than 140 domestic and international exchange-traded funds, which
seek to outperform traditional benchmark indexes while providing
advisors and investors access to an innovative array of focused
investment opportunities. With franchise assets over $100 billion as of March
31, 2015, PowerShares ETFs trade on both US stock exchanges.
For more information, please visit us at invescopowershares.com or
follow us on Twitter @PowerShares.
Invesco Ltd. is a leading independent global investment
management firm, dedicated to helping investors worldwide achieve
their financial objectives. By delivering the combined power of our
distinctive investment management capabilities, Invesco provides a
wide range of investment strategies and vehicles to our clients
around the world. Operating in more than 20 countries, the firm is
listed on the New York Stock Exchange under the symbol IVZ.
Additional information is available at www.invesco.com.
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 Funds' return may
not match the return of the Underlying Index. The Funds are subject
to certain other risks. Please see the current prospectus for more
information regarding the risk associated with an investment in the
Fund.
Investments focused in a particular industry are subject to
greater risk, and are more greatly impacted by market volatility,
than more diversified investments.
A value style of investing is subject to the risk that the
valuations never improve or that the returns will trail other
styles of investing or the overall stock markets.
Growth stocks tend to be more sensitive to changes in their
earnings and can be more volatile.
Note: Not all products are available through all firms.
Not FDIC Insured | May Lose Value | No Bank Guarantee
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, 75,000, 100,000 or 200,000 shares.
Invesco Distributors, Inc. is the distributor of the PowerShares
Exchange-Traded Fund Trust 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.
An investor should consider the Funds' investment
objectives, risks, charges and expenses carefully before investing.
For this and more complete information about the Funds call 800 983
0903 or visit invescopowershares.com for a prospectus. Please read
the prospectus carefully before investing.
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