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PowerShares Fundamental Pure Large Growth Portfolio (Prospectus Summary) | PowerShares Fundamental Pure Large Growth Portfolio
PowerShares Fundamental Pure Large Growth Portfolio
Investment Objective
The Fund seeks investment results that correspond (before fees and expenses)
generally to the price and yield of the RAFI® Fundamental Large Growth Index
(the "Underlying Index").
Fund Fees and Expenses
This table describes the fees and expenses that you may pay if you buy and hold
shares of the Fund ("Shares"). Investors may pay brokerage commissions on their
purchases and sales of Shares, which are not reflected in the table or the
example below.
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
PowerShares Fundamental Pure Large Growth Portfolio
Management Fees 0.29%
Other Expenses [1] 0.16%
Total Annual Fund Operating Expenses 0.45%
Fee Waivers and Expense Assumption [2] 0.06%
Total Annual Fund Operating Expenses After Fee Waivers and Expense Assumption [2] 0.39%
[1] "Other Expenses" are based on estimated amounts for the current fiscal year.
[2] Invesco PowerShares Capital Management LLC (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding interest expenses, offering costs, brokerage commissions and other trading expenses, taxes and extraordinary expenses) from exceeding 0.39% of the Fund's average daily net assets per year (the "Expense Cap") until at least August 31, 2012, and prior to such date the Adviser may not terminate the arrangement. The expenses borne by the Adviser are subject to recapture by the Adviser for up to three years from the date the fee or expense was borne by the Adviser, but no recapture payment will be made by the Fund if it would result in the Fund exceeding its Expense Cap.
Example
This example is intended to help you compare the cost of investing in the Fund
with the cost of investing in other funds.

This example assumes that you invest $10,000 in the Fund for the time periods
indicated and then sell all of your Shares at the end of those periods. The
example also assumes that your investment has a 5% return each year and that the
Fund's operating expenses remain the same.
Although your actual costs may be higher or lower, your costs, based on these assumptions, would be:
Expense Example (USD $)
Expense Example, With Redemption, 1 Year
Expense Example, With Redemption, 3 Years
PowerShares Fundamental Pure Large Growth Portfolio
40 138
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it purchases and
sells securities (or "turns over" its portfolio). A higher portfolio turnover
will cause the Fund to incur additional transaction costs and may result in
higher taxes when Shares are held in a taxable account. These costs, which are
not reflected in Total Annual Fund Operating Expenses or in the example, may
affect the Fund's performance. The Fund is newly established. Accordingly,
information on the Fund's portfolio turnover rate is not available at the date
of this Prospectus.
Principal Investment Strategies
The Fund will normally invest at least 80% of its total assets in common stocks
of fundamentally large companies. The Fund considers "fundamentally large"
companies to be those companies that comprise the Underlying Index. The Fund
will invest at least 90% of its total assets in the component securities that
comprise the Underlying Index. The Underlying Index is comprised of common
stocks of "large growth" U.S. companies (including real estate investment trusts
("REITs")), as classified by Research Affiliates, LLC ("Research Affiliates®" or
the "Index Provider"), based on the Index Provider's Fundamental Index®
methodology. The Index Provider selects the common stocks to be included in the
Underlying Index from a universe comprised of the 2,500 largest U.S. companies.
In the selection of the common stocks, the Index Provider uses fundamental
measures of company size, rather than market capitalization (company share price
multiplied by number of shares outstanding). The Index Provider uses the
following fundamental measures to select common stocks for inclusion in the
Underlying Index: book value, income, sales and dividends. A composite
fundamental weight is calculated for each common stock by equally weighting the
four fundamental measures. The Index Provider then ranks each common stock by
its fundamental weight and, based on this ranking, the common stocks are divided
into three size groups: "large," "mid" and "small." The common stocks ranked in
the top 70% of the eligible universe by fundamental weight comprise the "large"
size group, the next 20% comprise the "mid" size group, and the final 10%
comprise the "small" size group. The "large" size group is then further divided
by the Index Provider into "growth," "core" or "value" subsets based on the
Fundamental Index® methodology style score, which uses a combination of
fundamental growth rates and fundamental valuation ratios. The Underlying Index
is comprised only of those common stocks classified by the Index Provider as
both "large" and "growth."

The use of the word "Pure" in the Fund's name signifies a particular type of
style (i.e., "growth" or "value") investing, where a particular stock is
classified as either "growth" or "value," but not both. Whereas traditionally
"growth" funds in the marketplace have in practice also included some stocks
that would be considered "value" stocks in their portfolios, the Fund, in
tracking the Underlying Index, intends to principally invest exclusively in
"growth" stocks. Accordingly, the Fund's "pure growth" portfolio will differ
from a traditional "growth" portfolio because the Fund's portfolio will not
include "value" stocks.

The Fund will generally invest in all of the securities comprising its
Underlying Index in proportion to their weightings in the Underlying Index.

As of the date of this Prospectus, a significant percentage (i.e., greater than
15%) of the Underlying Index was comprised of companies in the technology and
consumer staples sectors. The technology sector includes companies that are
principally engaged in the business of providing technology-related products and
services,including computer hardware and software, Internet, electronics and
semiconductors and communication technologies. The consumer staples sector
includes companies that are principally engaged in the business of providing
consumer goods and services that have non-cyclical characteristics, including
tobacco, textiles, food and beverage, and non-discretionary retail. Sector
allocation is not a factor in the construction of the Underlying Index and,
accordingly, the Underlying Index's allocations to any particular sector may
increase or decrease over time.

Concentration Policy. The Fund will invest more than 25% of the value of its net
assets in securities of issuers in an industry or group of industries to the
extent that the Underlying Index concentrates in an industry or group of
industries.
Principal Risks of Investing in the Fund
The following summarizes the principal risks that have been identified for the
Fund.

Equity Risk. The prices of common stocks change in response to many factors,
including the historical and prospective earnings of the issuer, the value of
its assets, general market and economic conditions, interest rates, investor
perceptions and market liquidity.

"Fundamentally Large" Company Risk. Returns on investments in common stocks of
"fundamentally large" U.S. companies could trail the returns on investments in
common stocks of smaller companies.

Growth Investing Style Risk. The Fund emphasizes a "growth" style of investing.
The market values of such securities may be more volatile than other types of
investments. The returns on "growth" securities may or may not move in tandem
with the returns on other styles of investing or the overall stock markets.

Concentration Risk. A significant percentage of the Underlying Index may be
comprised of issuers in a single industry or group of industries. If the Fund is
focused in an industry or group of industries, it may present more risks than if
it were broadly invested over numerous industries and groups of industries.  At
times, such industry or group of industries may be out of favor and underperform
other industries or the market as a whole.

Technology Sector Risk. The market value of securities of issuers in the
technology sector can be significantly affected by factors such as the failure
to obtain, or delays in obtaining, financing or regulatory approval, intense
competition, product compatibility, consumer preferences, corporate capital
expenditure, rapid obsolescence, competition from alternative technologies, and
research and development of new products.

Consumer Staples Sector Risk. Companies in the consumer staples sector may be
adversely affected by changes in the worldwide economy, consumer spending,
competition, demographics and consumer preferences, exploration and production
spending. Companies in this sector are also affected by changes in government
regulation, world events and economic conditions.

REIT Risk. Although the Fund will not invest in real estate directly, the REITs
in which the Fund will invest will be subject to risks inherent in the direct
ownership of real estate. These risks include, but are not limited to, the risk
of a possible lack of mortgage funds and associated interest rate risks,
overbuilding, property vacancies, increases in property taxes and operating
expenses, changes in zoning laws, losses due to environmental damages and
changes in neighborhood values and appeal to purchasers.

Replication Management Risk. Unlike many investment companies, the Fund does not
utilize an investing strategy that seeks returns in excess of the Underlying
Index. Therefore, it would not necessarily buy or sell a security unless that
security is added or removed, respectively, from the Underlying Index.

Non-Correlation Risk. The Fund's return may not match the return of the
Underlying Index for a number of reasons. For example, the Fund incurs operating
expenses not applicable to the Underlying Index, and incurs costs in buying and
selling securities, especially when rebalancing the Fund's securities holdings
to reflect changes in the composition of the Underlying Index. In addition, the
performance of the Fund and the Underlying Index may vary due to asset valuation
differences and differences between the Fund's portfolio and the Underlying
Index resulting from legal restrictions, cost or liquidity constraints.

Non-Diversified Fund Risk. Because the Fund is non-diversified and can invest a
greater portion of its assets in securities of individual issuers than a
diversified fund, changes in the market value of a single investment could cause
greater fluctuations in Share price than would occur in a diversified fund. This
may increase the Fund's volatility and cause the performance of a relatively
small number of issuers to have a greater impact on the Fund's performance.

The Fund's Shares will change in value, and you could lose money by investing in
the Fund. The Fund may not achieve its investment objective. An investment in
the Fund is not a deposit with a bank and is not insured or guaranteed by the
Federal Deposit Insurance Corporation or any other government agency.
Performance
The Fund has not yet commenced operations and therefore does not have a
performance history. Once available, the Fund's performance information will be
accessible on the Fund's website at www.InvescoPowerShares.com and will provide
some indication of the risks of investing in the Fund.