0001104659-12-084979.txt : 20121218 0001104659-12-084979.hdr.sgml : 20121218 20121218170733 ACCESSION NUMBER: 0001104659-12-084979 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20121218 DATE AS OF CHANGE: 20121218 EFFECTIVENESS DATE: 20121218 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Powershares Actively Managed Exchange-Traded Fund Trust CENTRAL INDEX KEY: 0001418144 IRS NUMBER: 000000000 FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-147622 FILM NUMBER: 121272069 BUSINESS ADDRESS: STREET 1: 855 West Prairie Ave CITY: Wheaton STATE: IL ZIP: 60187 BUSINESS PHONE: 800-983-0903 MAIL ADDRESS: STREET 1: 855 West Prairie Ave CITY: Wheaton STATE: IL ZIP: 60187 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Powershares Actively Managed Exchange-Traded Fund Trust CENTRAL INDEX KEY: 0001418144 IRS NUMBER: 000000000 FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-22148 FILM NUMBER: 121272070 BUSINESS ADDRESS: STREET 1: 855 West Prairie Ave CITY: Wheaton STATE: IL ZIP: 60187 BUSINESS PHONE: 800-983-0903 MAIL ADDRESS: STREET 1: 855 West Prairie Ave CITY: Wheaton STATE: IL ZIP: 60187 0001418144 S000036643 PowerShares S&P 500 Downside Hedged Portfolio C000112015 PowerShares S&P 500 Downside Hedged Portfolio PHDG 485BPOS 1 a12-6781_5485bpos.htm 485BPOS

 

AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON DECEMBER 18, 2012.

No. 333-147622

No. 811-22148

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 


 

FORM N-1A

 

 

REGISTRATION STATEMENT

 

 

UNDER THE SECURITIES ACT OF 1933

o

 

Pre-Effective Amendment No.

o

 

Post-Effective Amendment No. 74

x

 

 

and/or

 

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

 

 

Amendment No. 75

x

 

(Check appropriate box or boxes)

 


 

POWERSHARES ACTIVELY MANAGED EXCHANGE-TRADED FUND TRUST

(Exact Name of Registrant as Specified in Charter)

 

301 West Roosevelt Road

Wheaton, IL 60187

(Address of Principal Executive Office)

 

Registrant’s Telephone Number, including Area Code: (800) 983-0903

 

Andrew Schlossberg

 

With a copy to:

301 West Roosevelt Road

 

Alan P. Goldberg

Wheaton, IL 60187

 

K&L Gates LLP

(Name and Address of Agent for Service)

 

70 W. Madison St., Suite 3100

 

 

Chicago, IL 60602

 

APPROXIMATE DATE OF PROPOSED PUBLIC OFFERING:

 

It is proposed that this filing will become effective (check appropriate box):

 

x                                  immediately upon filing pursuant to paragraph (b) of Rule 485.

o                                    on [date] pursuant to paragraph (b) of Rule 485.

o                                    60 days after filing pursuant to paragraph (a)(1) of Rule 485.

o                                    on [date] pursuant to paragraph (a) of Rule 485.

o                                    75 days after filing pursuant to paragraph (a)(2) of Rule 485.

o                                    on [date] pursuant to paragraph (a) of Rule 485.

 

 

 



 

EXPLANATORY NOTE

 

This filing relates solely to the following series of the Registrant:

 

PowerShares S&P 500® Downside Hedged Portfolio

 



 

SIGNATURES

 

Pursuant to the requirements of the Securities Act and the Investment Company Act, the Trust certifies that it meets all of the requirements for effectiveness of this registration statement under Rule 485(b) under the Securities Act and has duly caused this registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Wheaton and State of Illinois, on the 18th day of December, 2012.

 

 

PowerShares Actively Managed Exchange-Traded Fund Trust

 

 

 

 

By:

/s/ Andrew Schlossberg

 

 

Title: Andrew Schlossberg, President

 

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed below by the following persons in the capacities indicated on the dates indicated.

 

SIGNATURE

 

TITLE

 

DATE

 

 

 

 

 

/s/ Andrew Schlossberg

 

President

 

December 18, 2012

Andrew Schlossberg

 

 

 

 

 

 

 

 

 

/s/ Sheri Morris

 

Treasurer

 

December 18, 2012

Sheri Morris

 

 

 

 

 

 

 

 

 

/s/ Anna Paglia

 

Secretary

 

December 18, 2012

Anna Paglia

 

 

 

 

 

 

 

 

 

* /s/ H. Bruce Bond

 

Trustee

 

December 18, 2012

H. Bruce Bond

 

 

 

 

 

 

 

 

 

* /s/ Kevin M. Carome

 

Trustee

 

December 18, 2012

Kevin M. Carome

 

 

 

 

 

 

 

 

 

* /s/ Ronn R. Bagge

 

Trustee

 

December 18, 2012

Ronn R. Bagge

 

 

 

 

 

 

 

 

 

* /s/ Todd J. Barre

 

Trustee

 

December 18, 2012

Todd J. Barre

 

 

 

 

 

 

 

 

 

* /s/ Marc M. Kole

 

Trustee

 

December 18, 2012

Marc M. Kole

 

 

 

 

 

 

 

 

 

* /s/ Philip M. Nussbaum

 

Trustee

 

December 18, 2012

Philip M. Nussbaum

 

 

 

 

 

 

 

 

 

* /s/ Donald H. Wilson

 

Chairman and Trustee

 

December 18, 2012

Donald H. Wilson

 

 

 

 

 

 

 

 

 

* By: /s/ Anna Paglia

 

 

 

December 18, 2012

Anna Paglia

 

 

 

 

Attorney-In-Fact

 

 

 

 

 

* Anna Paglia signs this registration statement pursuant to powers of attorney filed with Post-Effective Amendment No. 27 to the Trust’s Registration Statement and incorporated by reference herein.

 



 

EXHIBIT INDEX

 

Index No.

 

Description of Exhibit

 

 

 

EX-101.INS

 

XBRL Instance Document

EX-101.SCH

 

XBRL Taxonomy Extension Schema Document

EX-101.CAL

 

XBRL Taxonomy Extension Calculation Linkbase

EX-101.DEF

 

XBRL Taxonomy Extension Definition Linkbase

EX-101.LAB

 

XBRL Taxonomy Extension Labels Linkbase

EX-101.PRE

 

XBRL Taxonomy Extension Presentation Linkbase

 

EX-101.INS 2 ck0001418144-20121128.xml XBRL INSTANCE DOCUMENT 485BPOS 2012-11-28 0001418144 2012-11-28 Powershares Actively Managed Exchange-Traded Fund Trust false 2012-11-28 2012-11-28 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. <tt>The Fund pays transaction costs, such as commissions, when it purchases and<br />sells securities (or "turns over" its portfolio). A higher portfolio turnover<br />will cause the Fund to incur additional transaction costs and may result in<br />higher taxes when Shares are held in a taxable account. These costs, which are<br />not reflected in Total Annual Fund Operating Expenses or in the example, may<br />affect the Fund's performance. As of the date of this Prospectus, the Fund does<br />not have an operating history and turnover data therefore is not available.</tt> <div style="display:none">~ http://www.invescopowershares.com/role/ExpenseExample_S000036643Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The PowerShares S&amp;P 500&#xAE; Downside Hedged Portfolio (the "Fund") is an actively<br />managed exchange-traded fund ("ETF") that seeks to achieve positive total<br />returns in rising or falling markets that are not directly correlated to broad<br />equity or fixed income market returns.</tt> <tt>This example is intended to help you compare the cost of investing in the Fund<br />with the cost of investing in other funds.<br /> <br />This example assumes that you invest $10,000 in the Fund for the time periods<br />indicated and then sell all of your Shares at the end of those periods. The<br />example also assumes that your investment has a 5% return each year and that <br />the Fund's operating expenses remain the same. This example does not include <br />the brokerage commissions that investors may pay to buy and sell Shares.</tt> <tt>The Fund seeks to achieve its investment objective by using a quantitative,<br />rules-based strategy designed to provide returns that correspond to the<br />performance of the S&amp;P 500&#xAE; Dynamic VEQTOR Index (the "Benchmark"). The Fund, in<br />accordance with strategy allocation rules provided by Standard &amp; Poor's ("S&amp;P"),<br />will invest in a combination of (i) equity securities contained in the S&amp;P 500&#xAE;<br />Index and that are listed on a U.S. securities exchange, (ii) Chicago Board<br />Options Exchange Volatility Index ("VIX Index") related instruments, such as<br />listed VIX Index futures contracts that reflect exposure to the S&amp;P 500&#xAE; VIX<br />Short Term Futures Index ("VIX Futures Index"), and (iii) money market<br />instruments, cash and cash equivalents. The Fund will invest in money market<br />instruments, cash and cash equivalents to provide liquidity, collateralize its<br />futures contracts, or to track the Benchmark during times when the Benchmark<br />moves its entire allocation to cash. In addition to its investments in the<br />components of the Benchmark, the Fund also may invest in other VIX Index related<br />instruments, including ETFs and exchange-traded notes ("ETNs") that are listed<br />on a U.S. securities exchange and that provide exposure to the VIX Index<br />(collectively with VIX Index futures contracts, the "VIX Index Related<br />Instruments") and U.S. listed futures contracts that track the S&amp;P 500&#xAE; Index<br />("E-mini S&amp;P 500 Futures") and are listed on the Chicago Mercantile Exchange<br />("CME").<br /> <br />The Benchmark is comprised of up to three types of components at any given time:<br />an equity component, represented by the S&amp;P 500&#xAE; Index; a volatility component,<br />represented by the VIX Futures Index; and cash. The VIX Futures Index measures<br />the return from a long position in the VIX Index futures contracts traded on the<br />Chicago Board Options Exchange ("CBOE"). The Benchmark's allocation to the VIX<br />Futures Index serves as an implied volatility hedge, as volatility historically<br />tends to correlate negatively to the performance of the U.S. equity markets<br />(i.e., rapid declines in the performance of the U.S. equity markets generally<br />are associated with particularly high volatility in such markets). "Implied<br />volatility" is a measure of the expected volatility of the S&amp;P 500&#xAE; Index that<br />is reflected in the value of the VIX Index. The VIX Index is a theoretical<br />calculation and cannot be traded. The VIX Index measures the 30-day forward<br />volatility of the S&amp;P 500&#xAE; Index as calculated based on the prices of certain<br />put and call options on the S&amp;P 500&#xAE; Index.<br /> <br />The allocation among the Fund's investments will approximate the allocation<br />among the components of the Benchmark. During periods of low volatility, a<br />greater portion of the Fund's assets will be invested in equity securities and<br />during periods of increased volatility, a greater portion of the Fund's assets<br />will be invested in VIX Index Related Instruments. Although the Fund seeks<br />returns comparable to the returns of the Benchmark, the Fund can have a higher<br />or lower exposure to any component within the Benchmark at any time.<br /> <br />The U.S. Index Committee of S&amp;P (the "Committee"), a division of The McGraw-Hill<br />Companies, Inc., maintains the Benchmark. That Committee meets monthly. At each <br />meeting, the Committee reviews pending corporate actions that may affect<br />Benchmark constituents, statistics comparing the composition of the Benchmark to<br />the market, companies that are being considered as candidates for addition to<br />the Benchmark, and any significant market events. In addition, the Committee may<br />revise the Benchmark's policy covering rules for selecting companies, treatment<br />of dividends, share counts or other matters.</tt> PowerShares S&P 500® Downside Hedged Portfolio Example "Other Expenses" are based on estimated amounts for the current fiscal year. The Fund has not commenced operations and therefore does not have a performance history. Investment Objective The Shares will change in value, and you could lose money by investing in the Fund. Principal Risks of Investing in the Fund Although your actual costs may be higher or lower, your costs, based on these assumptions, would be: Performance Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Portfolio Turnover <tt>The following summarizes the principal risks of the Fund.<br /> <br />Equity Risk. Equity risk is the risk that the value of the securities that the<br />Fund holds - that is, securities contained within the S&amp;P 500&#xAE; Index and listed<br />on a U.S. securities exchange - will fall due to general market and economic<br />conditions, perceptions regarding the industries in which the issuers of<br />securities the Fund holds participate or factors relating to specific companies<br />in which the Fund invests. For example, an adverse event, such as an unfavorable<br />earnings report, may depress the value of securities the Fund holds; the price<br />of securities may be particularly sensitive to general movements in the stock<br />market; or a drop in the stock market may depress the price of most or all of<br />the securities the Fund holds. In addition, securities of an issuer in the<br />Fund's portfolio may decline in price if the issuer fails to make anticipated<br />dividend payments because, among other reasons, the issuer of the security<br />experiences a decline in its financial condition.<br /> <br />VIX Index Risk. The CBOE can make methodological changes to the calculation of<br />the VIX Index that could affect the value of the futures contracts on the VIX<br />Index. There can be no assurance that the CBOE will not change the VIX Index<br />calculation methodology in a way that may affect the value of your investment.<br />Additionally, the CBOE may alter, discontinue or suspend calculation or<br />dissemination of the VIX Index and/or the exercise settlement value. Any of<br />these actions could adversely affect the value of your investment.<br /> <br />Futures Contract Risk. The Fund may enter into U.S. listed futures contracts on<br />the VIX Index and U.S. listed futures contracts on the S&amp;P 500&#xAE; Index to<br />simulate full investment in the Benchmark, to facilitate trading or to reduce<br />transaction costs. The Fund will not use futures for speculative purposes.<br />Unlike equities, which typically entitle the holder to a continuing stake in a<br />corporation, futures contracts normally specify a certain date for delivery of<br />the underlying asset for settlement in cash based on the level of the underlying<br />asset. As the futures contracts on the VIX Index or an E-mini S&amp;P 500 Futures<br />approach expiration, they may be replaced by similar contracts that have a later<br />expiration. This process is referred to as "rolling." If the market for these<br />contracts is in "contango," meaning that the prices of futures contracts in the<br />nearer months are lower than the price of contracts in the distant months, the<br />sale of the near-term month contract would be at a lower price than the<br />longer-term contract, resulting in a cost to "roll" the futures contract. The<br />actual realization of a potential roll cost will depend on the difference in<br />price of the near and distant contracts. The contracts included in the VIX Index<br />historically have traded in "contango" markets, resulting in a roll cost, which<br />could adversely affect the value of the Shares. At any given time, the Fund's<br />investment in VIX Index Related Instruments may not correspond identically to<br />the direction of the VIX Index.<br /> <br />Because futures contracts project price levels in the future, market<br />circumstances may cause a discrepancy between the price of a stock index future<br />and the movement in the underlying index. In the event of adverse price<br />movements, the Fund would be required to make daily cash payments to maintain<br />its required margin.<br />&#xA0;&#xA0;<br />The Fund must segregate liquid assets or enter into off-setting positions to<br />"cover" open positions in futures contracts. For futures contracts that do not<br />cash settle, the Fund must segregate liquid assets equal to the full notional<br />value of the futures contracts while the positions are open. For futures<br />contracts that do cash settle, the Fund is permitted to set aside liquid assets<br />in an amount equal to the Fund's daily marked-to-market net obligations (i.e.,<br />the Fund's daily net liability) under the futures contract, if any, rather than<br />their full notional value. For more information, see "Investment Policies and<br />Risks - Futures" in the Fund's Statement of Additional Information ("SAI").<br /> <br />Risk of Investing in ETFs. An ETF is a fund that is listed and traded on a U.S.<br />stock exchange. Because the Fund may invest in ETFs, its investment performance<br />may depend on the investment performance of the underlying ETF in which it<br />invests. An investment in an ETF is subject to the risks associated with the<br />ETF. The Fund will pay indirectly a proportional share of the fees and expenses<br />of the ETFs in which it invests (including operating expenses and management<br />fees of the ETF), while continuing to pay its own unitary management fee to<br />Invesco PowerShares Capital Management LLC (the "Adviser"). As a result,<br />shareholders will absorb duplicate levels of fees with respect to the Fund's<br />investments in ETFs.<br /> <br />Risks of Investing in ETNs. ETNs are unsecured, unsubordinated debt securities<br />of an issuer that are listed and traded on a U.S. stock exchange. An ETN's<br />returns generally are linked to the performance of a particular market benchmark<br />or strategy minus applicable fees. ETNs do not provide principal protection and<br />may or may not make periodic coupon payments. ETNs are subject to credit risk,<br />and the value of the ETN may drop due to a downgrade in the issuer's credit<br />rating, despite the underlying market benchmark or strategy remaining unchanged.<br />The value of an ETN also may be influenced by time to maturity, level of supply<br />and demand for the ETN, volatility and lack of liquidity in underlying assets,<br />changes in the applicable interest rates, changes in the issuer's credit rating,<br />and economic, legal, political, or geographic events that affect the referenced<br />underlying asset.<br /> <br />Tax Risk. The Fund will gain most of its exposure to the futures markets by<br />entering into VIX Index futures contracts (and, to a lesser extent, E-mini S&amp;P<br />500 Futures). To qualify as a regulated investment company under Subchapter M of<br />the Internal Revenue Code of 1986, as amended ("RIC"), the Fund must meet a<br />certain qualifying income test each taxable year, including with respect to its<br />investments in VIX Index futures contracts. Failure to comply with the<br />qualifying income test in any taxable year would have significant negative tax<br />consequences to Fund shareholders.<br /> <br />The Fund has requested a private letter ruling from the Internal Revenue Service<br />("IRS") that income it derives from VIX Index futures contracts will constitute<br />qualifying income, which request is still under consideration by the IRS. In the<br />absence of the requested ruling - and there is no assurance that it will be<br />granted - the Fund has received an opinion of counsel, which is not binding on<br />the IRS or the courts, that the income the Fund derives from its investments in<br />VIX Index futures contracts should constitute qualifying income. Based on that<br />opinion, the Fund believes that it will qualify as a RIC. If the IRS were to<br />determine that income the Fund derives from VIX Index futures contracts does not<br />constitute qualifying income, and if that position was upheld, the Fund likely<br />would cease to qualify as a RIC and would be required to reduce its exposure to<br />such investments, which may result in difficulty in implementing its investment<br />strategies. In such an event, the Trust's Board of Trustees (the "Board") may<br />determine to reorganize or close the Fund or to materially change the Fund's<br />investment objective and strategies.<br />&#xA0;&#xA0;<br />Cash Transaction Risk. Unlike most ETFs, the Fund currently effects creations<br />and redemptions partially for cash and partially in-kind, rather than primarily<br />in-kind, because of the nature of the Fund's investments. As such, investments<br />in the Shares may be less tax efficient than investments in Shares of<br />conventional ETFs that utilize an entirely in-kind redemption process.<br /> <br />Volatility Risk. The Fund seeks to achieve positive total returns in rising or<br />falling markets. Significant short-term price movements could adversely impact<br />the performance of the Fund. Market conditions in which significant price<br />movements develop but then repeatedly reverse, could cause substantial losses<br />due to prices moving against the Fund's long or short positions (which are based<br />on prior trends). The performance of the Fund is based in part on the prices of<br />one or more of the VIX Index Related Instruments in which the Fund invests. Each<br />of the equity securities held by the Fund and the VIX Index Related Instruments<br />are affected by a variety of factors and may change unpredictably, affecting the<br />value of such equity securities and VIX Index Related Instruments and,<br />consequently, the value of the Shares.<br /> <br />Market Risk. Securities held by the Fund are subject to market fluctuations caused <br />by such factors as economic, political, regulatory or market developments, changes <br />in interest rates and perceived trends in securities prices.<br /> <br />Market Trading Risk. The Fund faces numerous market trading risks, including the<br />potential lack of an active market for the Shares, losses from trading in<br />secondary markets, and disruption in the creation/redemption process of the<br />Fund. Additionally, the trading prices of the equity securities the Fund holds<br />and VIX Index Related Instruments in which the Fund invests and other instruments <br />fluctuate in response to a variety of factors, including events that impact the <br />entire market or specific market segments, such as political, market and economic <br />developments. In addition, fluctuations in the VIX Index itself may indirectly <br />affect the price of equity securities held by the Fund. Any of these factors may <br />lead to the Shares trading at a premium or discount to the Fund's net asset value <br />("NAV"). As a result, an investor could lose money over short or even long periods.<br /> <br />Non-Diversified Fund Risk. Because the Fund is non-diversified and can invest a<br />greater portion of its assets in securities of individual issuers than a<br />diversified fund, changes in the market value of a single investment could cause<br />greater fluctuations in Share price than would occur in a diversified fund. This<br />may increase the Fund's volatility and cause the performance of a relatively<br />small number of issuers to have a greater impact on the Fund's performance.<br /> <br />Issuer-Specific Changes. The value of an individual security or particular type<br />of security may be more volatile than the market as a whole and may perform<br />differently from the value of the market as a whole.<br /> <br />The Shares will change in value, and you could lose money by investing in the<br />Fund. The Fund may not achieve its investment objective.</tt> Fund Fees and Expenses Principal Investment Strategies www.invescopowershares.com <tt>The Fund has not commenced operations and therefore does not have a performance<br />history. Once available, the Fund's performance information will be accessible<br />on the Fund's website at www.invescopowershares.com and will provide some<br />indication of the risk of investing in the Fund.</tt> <tt>This table describes the fees and expenses that you may pay if you buy and hold<br />shares of the Fund ("Shares"). Investors may pay brokerage commissions on their<br />purchases and sales of Shares, which are not reflected in the table or the<br />example below.</tt> <div style="display:none">~ http://www.invescopowershares.com/role/OperatingExpensesData_S000036643Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Investors may pay brokerage commissions on their purchases and sales of Shares, which are not reflected in the table or the example below. PHDG 40 125 0.0000 0.0039 0.0039 0001418144 ck0001418144:SummaryS000036643Memberck0001418144:S000036643Memberck0001418144:C000112015Member 2012-11-28 2012-11-28 0001418144 ck0001418144:SummaryS000036643Memberck0001418144:S000036643Member 2012-11-28 2012-11-28 0001418144 2012-11-28 2012-11-28 iso4217:USD pure "Other Expenses" are based on estimated amounts for the current fiscal year. 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PowerShares S&P 500 Downside Hedged Portfolio (Prospectus Summary) | PowerShares S&P 500 Downside Hedged Portfolio
PowerShares S&P 500® Downside Hedged Portfolio
Investment Objective
The PowerShares S&P 500® Downside Hedged Portfolio (the "Fund") is an actively
managed exchange-traded fund ("ETF") that seeks to achieve positive total
returns in rising or falling markets that are not directly correlated to broad
equity or fixed income market returns.
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 S&P 500 Downside Hedged Portfolio
Management Fees 0.39%
Other Expenses [1] none
Total Annual Fund Operating Expenses 0.39%
[1] "Other Expenses" are based on estimated amounts for the current fiscal year.
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. This example does not include
the brokerage commissions that investors may pay to buy and sell Shares.
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 S&P 500 Downside Hedged Portfolio
40 125
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. As of the date of this Prospectus, the Fund does
not have an operating history and turnover data therefore is not available.
Principal Investment Strategies
The Fund seeks to achieve its investment objective by using a quantitative,
rules-based strategy designed to provide returns that correspond to the
performance of the S&P 500® Dynamic VEQTOR Index (the "Benchmark"). The Fund, in
accordance with strategy allocation rules provided by Standard & Poor's ("S&P"),
will invest in a combination of (i) equity securities contained in the S&P 500®
Index and that are listed on a U.S. securities exchange, (ii) Chicago Board
Options Exchange Volatility Index ("VIX Index") related instruments, such as
listed VIX Index futures contracts that reflect exposure to the S&P 500® VIX
Short Term Futures Index ("VIX Futures Index"), and (iii) money market
instruments, cash and cash equivalents. The Fund will invest in money market
instruments, cash and cash equivalents to provide liquidity, collateralize its
futures contracts, or to track the Benchmark during times when the Benchmark
moves its entire allocation to cash. In addition to its investments in the
components of the Benchmark, the Fund also may invest in other VIX Index related
instruments, including ETFs and exchange-traded notes ("ETNs") that are listed
on a U.S. securities exchange and that provide exposure to the VIX Index
(collectively with VIX Index futures contracts, the "VIX Index Related
Instruments") and U.S. listed futures contracts that track the S&P 500® Index
("E-mini S&P 500 Futures") and are listed on the Chicago Mercantile Exchange
("CME").

The Benchmark is comprised of up to three types of components at any given time:
an equity component, represented by the S&P 500® Index; a volatility component,
represented by the VIX Futures Index; and cash. The VIX Futures Index measures
the return from a long position in the VIX Index futures contracts traded on the
Chicago Board Options Exchange ("CBOE"). The Benchmark's allocation to the VIX
Futures Index serves as an implied volatility hedge, as volatility historically
tends to correlate negatively to the performance of the U.S. equity markets
(i.e., rapid declines in the performance of the U.S. equity markets generally
are associated with particularly high volatility in such markets). "Implied
volatility" is a measure of the expected volatility of the S&P 500® Index that
is reflected in the value of the VIX Index. The VIX Index is a theoretical
calculation and cannot be traded. The VIX Index measures the 30-day forward
volatility of the S&P 500® Index as calculated based on the prices of certain
put and call options on the S&P 500® Index.

The allocation among the Fund's investments will approximate the allocation
among the components of the Benchmark. During periods of low volatility, a
greater portion of the Fund's assets will be invested in equity securities and
during periods of increased volatility, a greater portion of the Fund's assets
will be invested in VIX Index Related Instruments. Although the Fund seeks
returns comparable to the returns of the Benchmark, the Fund can have a higher
or lower exposure to any component within the Benchmark at any time.

The U.S. Index Committee of S&P (the "Committee"), a division of The McGraw-Hill
Companies, Inc., maintains the Benchmark. That Committee meets monthly. At each
meeting, the Committee reviews pending corporate actions that may affect
Benchmark constituents, statistics comparing the composition of the Benchmark to
the market, companies that are being considered as candidates for addition to
the Benchmark, and any significant market events. In addition, the Committee may
revise the Benchmark's policy covering rules for selecting companies, treatment
of dividends, share counts or other matters.
Principal Risks of Investing in the Fund
The following summarizes the principal risks of the Fund.

Equity Risk. Equity risk is the risk that the value of the securities that the
Fund holds - that is, securities contained within the S&P 500® Index and listed
on a U.S. securities exchange - will fall due to general market and economic
conditions, perceptions regarding the industries in which the issuers of
securities the Fund holds participate or factors relating to specific companies
in which the Fund invests. For example, an adverse event, such as an unfavorable
earnings report, may depress the value of securities the Fund holds; the price
of securities may be particularly sensitive to general movements in the stock
market; or a drop in the stock market may depress the price of most or all of
the securities the Fund holds. In addition, securities of an issuer in the
Fund's portfolio may decline in price if the issuer fails to make anticipated
dividend payments because, among other reasons, the issuer of the security
experiences a decline in its financial condition.

VIX Index Risk. The CBOE can make methodological changes to the calculation of
the VIX Index that could affect the value of the futures contracts on the VIX
Index. There can be no assurance that the CBOE will not change the VIX Index
calculation methodology in a way that may affect the value of your investment.
Additionally, the CBOE may alter, discontinue or suspend calculation or
dissemination of the VIX Index and/or the exercise settlement value. Any of
these actions could adversely affect the value of your investment.

Futures Contract Risk. The Fund may enter into U.S. listed futures contracts on
the VIX Index and U.S. listed futures contracts on the S&P 500® Index to
simulate full investment in the Benchmark, to facilitate trading or to reduce
transaction costs. The Fund will not use futures for speculative purposes.
Unlike equities, which typically entitle the holder to a continuing stake in a
corporation, futures contracts normally specify a certain date for delivery of
the underlying asset for settlement in cash based on the level of the underlying
asset. As the futures contracts on the VIX Index or an E-mini S&P 500 Futures
approach expiration, they may be replaced by similar contracts that have a later
expiration. This process is referred to as "rolling." If the market for these
contracts is in "contango," meaning that the prices of futures contracts in the
nearer months are lower than the price of contracts in the distant months, the
sale of the near-term month contract would be at a lower price than the
longer-term contract, resulting in a cost to "roll" the futures contract. The
actual realization of a potential roll cost will depend on the difference in
price of the near and distant contracts. The contracts included in the VIX Index
historically have traded in "contango" markets, resulting in a roll cost, which
could adversely affect the value of the Shares. At any given time, the Fund's
investment in VIX Index Related Instruments may not correspond identically to
the direction of the VIX Index.

Because futures contracts project price levels in the future, market
circumstances may cause a discrepancy between the price of a stock index future
and the movement in the underlying index. In the event of adverse price
movements, the Fund would be required to make daily cash payments to maintain
its required margin.
  
The Fund must segregate liquid assets or enter into off-setting positions to
"cover" open positions in futures contracts. For futures contracts that do not
cash settle, the Fund must segregate liquid assets equal to the full notional
value of the futures contracts while the positions are open. For futures
contracts that do cash settle, the Fund is permitted to set aside liquid assets
in an amount equal to the Fund's daily marked-to-market net obligations (i.e.,
the Fund's daily net liability) under the futures contract, if any, rather than
their full notional value. For more information, see "Investment Policies and
Risks - Futures" in the Fund's Statement of Additional Information ("SAI").

Risk of Investing in ETFs. An ETF is a fund that is listed and traded on a U.S.
stock exchange. Because the Fund may invest in ETFs, its investment performance
may depend on the investment performance of the underlying ETF in which it
invests. An investment in an ETF is subject to the risks associated with the
ETF. The Fund will pay indirectly a proportional share of the fees and expenses
of the ETFs in which it invests (including operating expenses and management
fees of the ETF), while continuing to pay its own unitary management fee to
Invesco PowerShares Capital Management LLC (the "Adviser"). As a result,
shareholders will absorb duplicate levels of fees with respect to the Fund's
investments in ETFs.

Risks of Investing in ETNs. ETNs are unsecured, unsubordinated debt securities
of an issuer that are listed and traded on a U.S. stock exchange. An ETN's
returns generally are linked to the performance of a particular market benchmark
or strategy minus applicable fees. ETNs do not provide principal protection and
may or may not make periodic coupon payments. ETNs are subject to credit risk,
and the value of the ETN may drop due to a downgrade in the issuer's credit
rating, despite the underlying market benchmark or strategy remaining unchanged.
The value of an ETN also may be influenced by time to maturity, level of supply
and demand for the ETN, volatility and lack of liquidity in underlying assets,
changes in the applicable interest rates, changes in the issuer's credit rating,
and economic, legal, political, or geographic events that affect the referenced
underlying asset.

Tax Risk. The Fund will gain most of its exposure to the futures markets by
entering into VIX Index futures contracts (and, to a lesser extent, E-mini S&P
500 Futures). To qualify as a regulated investment company under Subchapter M of
the Internal Revenue Code of 1986, as amended ("RIC"), the Fund must meet a
certain qualifying income test each taxable year, including with respect to its
investments in VIX Index futures contracts. Failure to comply with the
qualifying income test in any taxable year would have significant negative tax
consequences to Fund shareholders.

The Fund has requested a private letter ruling from the Internal Revenue Service
("IRS") that income it derives from VIX Index futures contracts will constitute
qualifying income, which request is still under consideration by the IRS. In the
absence of the requested ruling - and there is no assurance that it will be
granted - the Fund has received an opinion of counsel, which is not binding on
the IRS or the courts, that the income the Fund derives from its investments in
VIX Index futures contracts should constitute qualifying income. Based on that
opinion, the Fund believes that it will qualify as a RIC. If the IRS were to
determine that income the Fund derives from VIX Index futures contracts does not
constitute qualifying income, and if that position was upheld, the Fund likely
would cease to qualify as a RIC and would be required to reduce its exposure to
such investments, which may result in difficulty in implementing its investment
strategies. In such an event, the Trust's Board of Trustees (the "Board") may
determine to reorganize or close the Fund or to materially change the Fund's
investment objective and strategies.
  
Cash Transaction Risk. Unlike most ETFs, the Fund currently effects creations
and redemptions partially for cash and partially in-kind, rather than primarily
in-kind, because of the nature of the Fund's investments. As such, investments
in the Shares may be less tax efficient than investments in Shares of
conventional ETFs that utilize an entirely in-kind redemption process.

Volatility Risk. The Fund seeks to achieve positive total returns in rising or
falling markets. Significant short-term price movements could adversely impact
the performance of the Fund. Market conditions in which significant price
movements develop but then repeatedly reverse, could cause substantial losses
due to prices moving against the Fund's long or short positions (which are based
on prior trends). The performance of the Fund is based in part on the prices of
one or more of the VIX Index Related Instruments in which the Fund invests. Each
of the equity securities held by the Fund and the VIX Index Related Instruments
are affected by a variety of factors and may change unpredictably, affecting the
value of such equity securities and VIX Index Related Instruments and,
consequently, the value of the Shares.

Market Risk. Securities held by the Fund are subject to market fluctuations caused
by such factors as economic, political, regulatory or market developments, changes
in interest rates and perceived trends in securities prices.

Market Trading Risk. The Fund faces numerous market trading risks, including the
potential lack of an active market for the Shares, losses from trading in
secondary markets, and disruption in the creation/redemption process of the
Fund. Additionally, the trading prices of the equity securities the Fund holds
and VIX Index Related Instruments in which the Fund invests and other instruments
fluctuate in response to a variety of factors, including events that impact the
entire market or specific market segments, such as political, market and economic
developments. In addition, fluctuations in the VIX Index itself may indirectly
affect the price of equity securities held by the Fund. Any of these factors may
lead to the Shares trading at a premium or discount to the Fund's net asset value
("NAV"). As a result, an investor could lose money over short or even long periods.

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.

Issuer-Specific Changes. The value of an individual security or particular type
of security may be more volatile than the market as a whole and may perform
differently from the value of the market as a whole.

The Shares will change in value, and you could lose money by investing in the
Fund. The Fund may not achieve its investment objective.
Performance
The Fund has not 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 risk of investing in the Fund.
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    XML 13 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
    Label Element Value
    Risk Return [Abstract] rr_RiskReturnAbstract  
    Document Type dei_DocumentType 485BPOS
    Document Period End Date dei_DocumentPeriodEndDate Nov. 28, 2012
    Registrant Name dei_EntityRegistrantName Powershares Actively Managed Exchange-Traded Fund Trust
    Central Index Key dei_EntityCentralIndexKey 0001418144
    Amendment Flag dei_AmendmentFlag false
    Document Creation Date dei_DocumentCreationDate Nov. 28, 2012
    Document Effective Date dei_DocumentEffectiveDate Nov. 28, 2012
    PowerShares S&P 500 Downside Hedged Portfolio (Prospectus Summary) | PowerShares S&P 500 Downside Hedged Portfolio | PowerShares S&P 500 Downside Hedged Portfolio
     
    Risk Return [Abstract] rr_RiskReturnAbstract  
    Trading Symbol dei_TradingSymbol PHDG
    XML 14 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
    Label Element Value
    Risk Return [Abstract] rr_RiskReturnAbstract  
    ProspectusDate rr_ProspectusDate Nov. 28, 2012
    PowerShares S&P 500 Downside Hedged Portfolio (Prospectus Summary) | PowerShares S&P 500 Downside Hedged Portfolio
     
    Risk Return [Abstract] rr_RiskReturnAbstract  
    Risk/Return [Heading] rr_RiskReturnHeading PowerShares S&P 500® Downside Hedged Portfolio
    Objective [Heading] rr_ObjectiveHeading Investment Objective
    Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The PowerShares S&P 500® Downside Hedged Portfolio (the "Fund") is an actively
    managed exchange-traded fund ("ETF") that seeks to achieve positive total
    returns in rising or falling markets that are not directly correlated to broad
    equity or fixed income market returns.
    Expense [Heading] rr_ExpenseHeading Fund Fees and Expenses
    Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock 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.
    Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
    Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
    Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock 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. As of the date of this Prospectus, the Fund does
    not have an operating history and turnover data therefore is not available.
    Expense Exchange Traded Fund Commissions [Text] rr_ExpenseExchangeTradedFundCommissions Investors may pay brokerage commissions on their purchases and sales of Shares, which are not reflected in the table or the example below.
    Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates "Other Expenses" are based on estimated amounts for the current fiscal year.
    Expense Example [Heading] rr_ExpenseExampleHeading Example
    Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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. This example does not include
    the brokerage commissions that investors may pay to buy and sell Shares.
    Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, your costs, based on these assumptions, would be:
    Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
    Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund seeks to achieve its investment objective by using a quantitative,
    rules-based strategy designed to provide returns that correspond to the
    performance of the S&P 500® Dynamic VEQTOR Index (the "Benchmark"). The Fund, in
    accordance with strategy allocation rules provided by Standard & Poor's ("S&P"),
    will invest in a combination of (i) equity securities contained in the S&P 500®
    Index and that are listed on a U.S. securities exchange, (ii) Chicago Board
    Options Exchange Volatility Index ("VIX Index") related instruments, such as
    listed VIX Index futures contracts that reflect exposure to the S&P 500® VIX
    Short Term Futures Index ("VIX Futures Index"), and (iii) money market
    instruments, cash and cash equivalents. The Fund will invest in money market
    instruments, cash and cash equivalents to provide liquidity, collateralize its
    futures contracts, or to track the Benchmark during times when the Benchmark
    moves its entire allocation to cash. In addition to its investments in the
    components of the Benchmark, the Fund also may invest in other VIX Index related
    instruments, including ETFs and exchange-traded notes ("ETNs") that are listed
    on a U.S. securities exchange and that provide exposure to the VIX Index
    (collectively with VIX Index futures contracts, the "VIX Index Related
    Instruments") and U.S. listed futures contracts that track the S&P 500® Index
    ("E-mini S&P 500 Futures") and are listed on the Chicago Mercantile Exchange
    ("CME").

    The Benchmark is comprised of up to three types of components at any given time:
    an equity component, represented by the S&P 500® Index; a volatility component,
    represented by the VIX Futures Index; and cash. The VIX Futures Index measures
    the return from a long position in the VIX Index futures contracts traded on the
    Chicago Board Options Exchange ("CBOE"). The Benchmark's allocation to the VIX
    Futures Index serves as an implied volatility hedge, as volatility historically
    tends to correlate negatively to the performance of the U.S. equity markets
    (i.e., rapid declines in the performance of the U.S. equity markets generally
    are associated with particularly high volatility in such markets). "Implied
    volatility" is a measure of the expected volatility of the S&P 500® Index that
    is reflected in the value of the VIX Index. The VIX Index is a theoretical
    calculation and cannot be traded. The VIX Index measures the 30-day forward
    volatility of the S&P 500® Index as calculated based on the prices of certain
    put and call options on the S&P 500® Index.

    The allocation among the Fund's investments will approximate the allocation
    among the components of the Benchmark. During periods of low volatility, a
    greater portion of the Fund's assets will be invested in equity securities and
    during periods of increased volatility, a greater portion of the Fund's assets
    will be invested in VIX Index Related Instruments. Although the Fund seeks
    returns comparable to the returns of the Benchmark, the Fund can have a higher
    or lower exposure to any component within the Benchmark at any time.

    The U.S. Index Committee of S&P (the "Committee"), a division of The McGraw-Hill
    Companies, Inc., maintains the Benchmark. That Committee meets monthly. At each
    meeting, the Committee reviews pending corporate actions that may affect
    Benchmark constituents, statistics comparing the composition of the Benchmark to
    the market, companies that are being considered as candidates for addition to
    the Benchmark, and any significant market events. In addition, the Committee may
    revise the Benchmark's policy covering rules for selecting companies, treatment
    of dividends, share counts or other matters.
    Risk [Heading] rr_RiskHeading Principal Risks of Investing in the Fund
    Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The following summarizes the principal risks of the Fund.

    Equity Risk. Equity risk is the risk that the value of the securities that the
    Fund holds - that is, securities contained within the S&P 500® Index and listed
    on a U.S. securities exchange - will fall due to general market and economic
    conditions, perceptions regarding the industries in which the issuers of
    securities the Fund holds participate or factors relating to specific companies
    in which the Fund invests. For example, an adverse event, such as an unfavorable
    earnings report, may depress the value of securities the Fund holds; the price
    of securities may be particularly sensitive to general movements in the stock
    market; or a drop in the stock market may depress the price of most or all of
    the securities the Fund holds. In addition, securities of an issuer in the
    Fund's portfolio may decline in price if the issuer fails to make anticipated
    dividend payments because, among other reasons, the issuer of the security
    experiences a decline in its financial condition.

    VIX Index Risk. The CBOE can make methodological changes to the calculation of
    the VIX Index that could affect the value of the futures contracts on the VIX
    Index. There can be no assurance that the CBOE will not change the VIX Index
    calculation methodology in a way that may affect the value of your investment.
    Additionally, the CBOE may alter, discontinue or suspend calculation or
    dissemination of the VIX Index and/or the exercise settlement value. Any of
    these actions could adversely affect the value of your investment.

    Futures Contract Risk. The Fund may enter into U.S. listed futures contracts on
    the VIX Index and U.S. listed futures contracts on the S&P 500® Index to
    simulate full investment in the Benchmark, to facilitate trading or to reduce
    transaction costs. The Fund will not use futures for speculative purposes.
    Unlike equities, which typically entitle the holder to a continuing stake in a
    corporation, futures contracts normally specify a certain date for delivery of
    the underlying asset for settlement in cash based on the level of the underlying
    asset. As the futures contracts on the VIX Index or an E-mini S&P 500 Futures
    approach expiration, they may be replaced by similar contracts that have a later
    expiration. This process is referred to as "rolling." If the market for these
    contracts is in "contango," meaning that the prices of futures contracts in the
    nearer months are lower than the price of contracts in the distant months, the
    sale of the near-term month contract would be at a lower price than the
    longer-term contract, resulting in a cost to "roll" the futures contract. The
    actual realization of a potential roll cost will depend on the difference in
    price of the near and distant contracts. The contracts included in the VIX Index
    historically have traded in "contango" markets, resulting in a roll cost, which
    could adversely affect the value of the Shares. At any given time, the Fund's
    investment in VIX Index Related Instruments may not correspond identically to
    the direction of the VIX Index.

    Because futures contracts project price levels in the future, market
    circumstances may cause a discrepancy between the price of a stock index future
    and the movement in the underlying index. In the event of adverse price
    movements, the Fund would be required to make daily cash payments to maintain
    its required margin.
      
    The Fund must segregate liquid assets or enter into off-setting positions to
    "cover" open positions in futures contracts. For futures contracts that do not
    cash settle, the Fund must segregate liquid assets equal to the full notional
    value of the futures contracts while the positions are open. For futures
    contracts that do cash settle, the Fund is permitted to set aside liquid assets
    in an amount equal to the Fund's daily marked-to-market net obligations (i.e.,
    the Fund's daily net liability) under the futures contract, if any, rather than
    their full notional value. For more information, see "Investment Policies and
    Risks - Futures" in the Fund's Statement of Additional Information ("SAI").

    Risk of Investing in ETFs. An ETF is a fund that is listed and traded on a U.S.
    stock exchange. Because the Fund may invest in ETFs, its investment performance
    may depend on the investment performance of the underlying ETF in which it
    invests. An investment in an ETF is subject to the risks associated with the
    ETF. The Fund will pay indirectly a proportional share of the fees and expenses
    of the ETFs in which it invests (including operating expenses and management
    fees of the ETF), while continuing to pay its own unitary management fee to
    Invesco PowerShares Capital Management LLC (the "Adviser"). As a result,
    shareholders will absorb duplicate levels of fees with respect to the Fund's
    investments in ETFs.

    Risks of Investing in ETNs. ETNs are unsecured, unsubordinated debt securities
    of an issuer that are listed and traded on a U.S. stock exchange. An ETN's
    returns generally are linked to the performance of a particular market benchmark
    or strategy minus applicable fees. ETNs do not provide principal protection and
    may or may not make periodic coupon payments. ETNs are subject to credit risk,
    and the value of the ETN may drop due to a downgrade in the issuer's credit
    rating, despite the underlying market benchmark or strategy remaining unchanged.
    The value of an ETN also may be influenced by time to maturity, level of supply
    and demand for the ETN, volatility and lack of liquidity in underlying assets,
    changes in the applicable interest rates, changes in the issuer's credit rating,
    and economic, legal, political, or geographic events that affect the referenced
    underlying asset.

    Tax Risk. The Fund will gain most of its exposure to the futures markets by
    entering into VIX Index futures contracts (and, to a lesser extent, E-mini S&P
    500 Futures). To qualify as a regulated investment company under Subchapter M of
    the Internal Revenue Code of 1986, as amended ("RIC"), the Fund must meet a
    certain qualifying income test each taxable year, including with respect to its
    investments in VIX Index futures contracts. Failure to comply with the
    qualifying income test in any taxable year would have significant negative tax
    consequences to Fund shareholders.

    The Fund has requested a private letter ruling from the Internal Revenue Service
    ("IRS") that income it derives from VIX Index futures contracts will constitute
    qualifying income, which request is still under consideration by the IRS. In the
    absence of the requested ruling - and there is no assurance that it will be
    granted - the Fund has received an opinion of counsel, which is not binding on
    the IRS or the courts, that the income the Fund derives from its investments in
    VIX Index futures contracts should constitute qualifying income. Based on that
    opinion, the Fund believes that it will qualify as a RIC. If the IRS were to
    determine that income the Fund derives from VIX Index futures contracts does not
    constitute qualifying income, and if that position was upheld, the Fund likely
    would cease to qualify as a RIC and would be required to reduce its exposure to
    such investments, which may result in difficulty in implementing its investment
    strategies. In such an event, the Trust's Board of Trustees (the "Board") may
    determine to reorganize or close the Fund or to materially change the Fund's
    investment objective and strategies.
      
    Cash Transaction Risk. Unlike most ETFs, the Fund currently effects creations
    and redemptions partially for cash and partially in-kind, rather than primarily
    in-kind, because of the nature of the Fund's investments. As such, investments
    in the Shares may be less tax efficient than investments in Shares of
    conventional ETFs that utilize an entirely in-kind redemption process.

    Volatility Risk. The Fund seeks to achieve positive total returns in rising or
    falling markets. Significant short-term price movements could adversely impact
    the performance of the Fund. Market conditions in which significant price
    movements develop but then repeatedly reverse, could cause substantial losses
    due to prices moving against the Fund's long or short positions (which are based
    on prior trends). The performance of the Fund is based in part on the prices of
    one or more of the VIX Index Related Instruments in which the Fund invests. Each
    of the equity securities held by the Fund and the VIX Index Related Instruments
    are affected by a variety of factors and may change unpredictably, affecting the
    value of such equity securities and VIX Index Related Instruments and,
    consequently, the value of the Shares.

    Market Risk. Securities held by the Fund are subject to market fluctuations caused
    by such factors as economic, political, regulatory or market developments, changes
    in interest rates and perceived trends in securities prices.

    Market Trading Risk. The Fund faces numerous market trading risks, including the
    potential lack of an active market for the Shares, losses from trading in
    secondary markets, and disruption in the creation/redemption process of the
    Fund. Additionally, the trading prices of the equity securities the Fund holds
    and VIX Index Related Instruments in which the Fund invests and other instruments
    fluctuate in response to a variety of factors, including events that impact the
    entire market or specific market segments, such as political, market and economic
    developments. In addition, fluctuations in the VIX Index itself may indirectly
    affect the price of equity securities held by the Fund. Any of these factors may
    lead to the Shares trading at a premium or discount to the Fund's net asset value
    ("NAV"). As a result, an investor could lose money over short or even long periods.

    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.

    Issuer-Specific Changes. The value of an individual security or particular type
    of security may be more volatile than the market as a whole and may perform
    differently from the value of the market as a whole.

    The Shares will change in value, and you could lose money by investing in the
    Fund. The Fund may not achieve its investment objective.
    Risk Lose Money [Text] rr_RiskLoseMoney The Shares will change in value, and you could lose money by investing in the Fund.
    Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus 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.
    Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
    Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The Fund has not 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 risk of investing in the Fund.
    Performance One Year or Less [Text] rr_PerformanceOneYearOrLess The Fund has not commenced operations and therefore does not have a performance history.
    Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.invescopowershares.com
    PowerShares S&P 500 Downside Hedged Portfolio (Prospectus Summary) | PowerShares S&P 500 Downside Hedged Portfolio | PowerShares S&P 500 Downside Hedged Portfolio
     
    Risk Return [Abstract] rr_RiskReturnAbstract  
    Management Fees rr_ManagementFeesOverAssets 0.39%
    Other Expenses rr_OtherExpensesOverAssets none [1]
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.39%
    Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 40
    Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 125
    [1] "Other Expenses" are based on estimated amounts for the current fiscal year.
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