Invesco PowerShares Capital Management LLC, a leading provider of
exchange-traded funds (ETFs), announced today that the trailing
three-year performance of its Dynamic Large Cap Value Portfolio
(PWV) and Dynamic Mid Cap Growth Portfolio (PWJ) have outperformed
their index peers and earned five-star ratings from Morningstar.*
"Our proud celebration of these funds' three-year anniversary is
improved as we recognize their compelling performance and five-star
ratings from Morningstar," said Bruce Bond, president and CEO of
Invesco PowerShares. "Both PWV and PWJ are based on quantitative,
rules-based Intellidexes designed to maximize the potential for
outperformance. Invesco PowerShares is committed to delivering
value and market-leading ideas to investors, as we seek to enhance
their portfolios with our pioneering family of ETFs."
Invesco PowerShares is a chief participant in the evolution of
the ETF industry -- helping move the industry beyond traditional
benchmarking -- and toward intelligent indexing. The Invesco
PowerShares family of intelligent ETFs currently includes 43
Dynamic Intellidex-based portfolios that seek to evaluate
securities for their investment merit.
During the three-year period ended June 30, 2008:
PowerShares Dynamic Large Cap Value Portfolio (AMEX: PWV) had an
annualized return of 7.65% and cumulative return of 24.75%,
outperforming the S&P 500� Index with an annualized return of
-13.11% and cumulative return of 13.79%. For the three-year period
ended June 30, 2008, the PowerShares Dynamic Large Cap Value
Portfolio earned a Morningstar Rating(TM) of five stars when
compared to the 1,183 U.S.-domiciled large value funds.*
PowerShares Dynamic Mid Cap Growth Portfolio (AMEX: PWJ) had an
annualized return of 12.58% and cumulative return of 42.69%,
outperforming the S&P 500 Index with an annualized return of
-13.11% and cumulative return of 13.79%. For the three-year period
ending June 30, 2008, the PowerShares Dynamic Mid Cap Growth
Portfolio earned a Morningstar Rating(TM) of five stars when
compared to the 813 U.S.-domiciled mid-cap growth funds.
Ratings are based on a risk-adjusted return measure that
accounts for variation in a fund's monthly performance (including
the effect of sales charges, loads and redemption fees), placing
more emphasis on downward variations and rewarding consistent
performance. The overall rating is derived from a weighted average
of three-, five- and 10-year rating metrics, as applicable.
Standardized Performance
3/03/2005 - 6/30/2008
PowerShares Dynamic Large Cap Value 1 Year 3 Year Inception
------------------------------------ -------- ------- ---------
PWV - NAV -11.95% 7.65% 7.29%
PWV - Share Price -12.38% 7.60% 7.23%
S&P 500 Index -13.11% 4.40% 3.82%
Russell 1000 Value -18.78% 3.53% 3.25%
PowerShares Dynamic Mid Cap Growth 1 Year 3 Year Inception
------------------------------------ -------- ------- ---------
PWJ - NAV -1.92% 12.58% 12.09%
PWJ - Share Price -2.01% 12.57% 12.02%
S&P 500 Index -13.11% 4.40% 3.82%
Russell Midcap Growth -6.42% 8.19% 7.96%
The PowerShares Dynamic Large Cap Value Portfolio (PWV) is based
on the Dynamic Large Cap Value Intellidex, which seeks to provide
capital appreciation while maintaining consistent and accurate
style exposure. The Style Intellidexes apply a rigorous 10-factor,
style-isolation process to objectively segregate companies into
their appropriate investment style and size universe. Next, each
company is thoroughly evaluated to determine its investment merit
by analyzing numerous unique financial characteristics from four
broad financial perspectives: fundamental, valuation, timeliness
and risk.
The PowerShares Dynamic Mid Cap Growth Portfolio (PWJ) is based
on the Dynamic Mid Cap Growth Intellidex, which seeks to provide
capital appreciation while maintaining consistent and accurate
style exposure. The Style Intellidexes apply a rigorous 10-factor,
style-isolation process to objectively segregate companies into
their appropriate investment style and size universe. Next, each
company is thoroughly evaluated to determine its investment merit
by analyzing numerous unique financial characteristics from four
broad financial perspectives: fundamental, valuation, timeliness
and risk.
Shares are subject to risks including: Small and Medium-Sized
Company Risk -- investing in securities of small and medium-sized
companies involves greater risk than is customarily associated with
investing in more established companies.
The value of the stocks in the Index is likely to be more
volatile than stocks of other issues. Investors in the Fund should
anticipate that the value of their Shares will increase or decrease
in value more or less in correlation with increases or decreases in
the value of the Intellidex.
Invesco PowerShares is leading the intelligent ETF revolution
through its family of more than 100 domestic and international
index-based and actively managed exchange-traded funds. With assets
under management as of June 30, 2008 of $14 billion, PowerShares
ETFs trade on all of the major U.S. stock exchanges that trade
ETFs. For more information, please visit us at
www.invescopowershares.com.
Invesco PowerShares is a part of Invesco Ltd., a leading
independent global investment management company dedicated to
helping people worldwide build their financial security. By
delivering the combined power of its distinctive worldwide
investment management capabilities, including AIM, Atlantic Trust,
Invesco, Perpetual, PowerShares, Trimark, and WL Ross, Invesco
provides a comprehensive array of enduring investment solutions for
retail, institutional and high-net-worth clients around the world.
Operating in 20 countries, the company is currently listed on the
New York Stock Exchange under the symbol IVZ. Additional
information is available at www.invesco.com.
*�2008 Morningstar Inc. All rights reserved. The information
contained herein is proprietary to Morningstar and/or its content
providers. It may not be copied or distributed and is not warranted
to be accurate, complete or timely. Neither Morningstar nor its
content providers are responsible for any damages or losses arising
from any use of this information. Past performance does not
guarantee future results. The PowerShares Dynamic Large Cap Value
Fund received five stars for three years. The fund was rated among
1,183 U.S.-domiciled large value funds over three years. The
PowerShares Dynamic Mid Cap Growth Fund received five stars for
three years. The fund was rated among 813 U.S.-domiciled mid-cap
growth funds over three years. Ratings are as of June 30, 2008, and
are subject to change every month. Had fees not been waived and/or
expenses reimbursed in the past, the Morningstar rating may have
been lower. A fund is eligible for a Morningstar Rating three years
after inception. The top 10% of funds in a category receive five
stars, the next 22.5% four stars, the next 35% three stars, the
next 22.5% two stars and the bottom 10% one star. (Each share class
is counted as a fraction of one fund within this scale and rated
separately, which may cause slight variations in the distribution
percentages.) Ratings for other share classes may differ due to
different performance characteristics.
There are risks involved with investing in ETFs including
possible loss of money. Shares are not actively managed and are
subject to risk similar to stocks and covered call options, as well
as those risks related to short selling and margin maintenance.
Shares are not FDIC insured, may lose value and have 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 Unit aggregations only,
typically consisting of 100,000 shares.
PowerShares� is a registered trademark of Invesco PowerShares
Capital Management LLC. The IntellidexTM Indexes are trademarks of
the American Stock Exchange LLC ("Amex") which are licensed for use
by Invesco PowerShares Capital Management LLC in connection with
the PowerShares Intellidex Investment Products. The Products are
not sponsored or endorsed by the Amex, and the Amex makes no
warranty or representation as to the accuracy and/or completeness
of the Indexes or results to be obtained by any person from use of
the Indexes or the trading of the Products.
Invesco Aim Distributors, Inc. is the distributor of the
PowerShares Exchange-Traded Fund Trust.
Invesco PowerShares Capital Management LLC and Invesco Aim
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 a copy
of the prospectus, which contains this and other information about
the Funds, call 800.983.0903 or visit our website
www.invescopowershares.com. Please read the prospectus carefully
before investing.
Media Contacts: Kristin Sadlon Porter Novelli 212-601-8192 Email
Contact Bill Conboy BC Capital Partners 303-415-2290 Email
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