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| PowerShares is now the sponsor of the BLDRS family of exchange-traded funds (ETFs). BLDRS (Baskets of Listed Depositary Receipts) give investors international equity exposure through portfolios that are flexible, liquid and have low expense ratios. |
| BLDRS are based on The Bank of New York ADR (American Depositary Receipt) IndexSM, a real-time index tracking U.S.-traded depositary receipts. The BLDRS family currently includes four ETFs: two market index funds and two regional index funds: |
| BLDRS Asia 50 ADR Index Fund (ADRA) |
| Based on The Bank of New York Asia 50 ADR Index, which is designed to track the performance of approximately 50 Asian market-based ADRs. |
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Fund Details
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| BLDRS Developed Markets ADR Index Fund (ADRD) |
| Based on The Bank of New York Developed Markets 100 ADR Index, which is designed to track the performance of approximately 100 developed market-based ADRs. |
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Prospectus |
Fund Details
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| BLDRS Emerging Markets 50 ADR Index Fund (ADRE) |
| Based on The Bank of New York Emerging Markets 50 ADR Index, which is designed to track the performance of approximately 50 emerging market-based ADRs. |
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Prospectus |
Fund Details
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| BLDRS Europe 100 ADR Index Fund (ADRU) |
| Based on The Bank of New York Europe 100 ADR Index, which is designed to track the performance of approximately 100 European market-based ADRs. |
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Prospectus |
Fund Details
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| The BLDRS family of ETFs is designed for investors seeking international equity exposure with maximum flexibility, liquidity and the ability to execute more advanced investment strategies such as short selling, buying on margin, hedging risk and using arbitrage. BLDRS seeks to deliver these potential benefits without the challenges normally associated with international investing, such as investing in local trading markets, inefficient trade settlements, uneven custody services and costly currency conversions. |
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| Diversification |
| Each BLDRS Index is capitalization-weighted to help ensure diversification and is screened for liquidity, minimum share price and market capitalization to help ensure ease of trading. Each Bank of New York ADR Index gives investors international exposure through the collective performance of each index's respective portfolio of depositary receipts. BLDRS offer the advantages of indexing with the the purchase of a single security. |
| Tax Efficient & Low Cost |
| Taxes may be one of the most critical and overlooked factors in wealth creation over time. The ETF structure allows shareholders to defer some or possibly all capital gains until they sell their shares. ETFs provide lower ownership costs because of their efficient structure and established expense caps. BLDRS have annual ordinary operating expenses capped at 0.30%. Ordinary brokerage commissions apply. |
| ADR Expertise through The Bank of New York |
| As the world's largest depositary bank for ADRs, The Bank of New York is a recognized leader in these important and growing markets as well as in index investing. The Bank of New York issues depositary receipts for more than 1,400 companies from 70 countries. The Bank of New York's leadership is exemplified by its appointment as depositary bank for roughly 66% of all publicly sponsored depositary receipt programs. In addition, The Bank of New York is a leading source for international ADR and GDR (Global Depositary Receipt) market intelligence and select depositary receipt information. |
| The Fund may include small and medium-sized companies. Investing in securities of these companies involves greater risk than is customarily associated with investing in more established companies. There are risks involved with investing in ETFs including the possible loss of money. The Funds is subject to risks similar to those of stocks, including those regarding short selling and margin account maintenance. Investments in foreign investments generally incur greater risks than domestic investments. Usual brokerage commissions apply. |
| Please review a copy of the prospectus carefully prior to investing. The prospectus provides a detailed explanation of the costs of investing, including the Total Net Annual Fund Operating Expenses. |
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