PowerShares ETFs
BKLPowerShares Senior Loan (CAD Hedged) Index ETF

Looking for high yield with added security? Consider senior loans.

With investors seeking yield through products such as high-yield bonds, valuations continue to become inflated.

BKL

Senior loans 1 High-yield bonds 2
Weighted Average Price of Index3 $99.47 $106.59

Senior loans may provide an alternative for investors wanting to mitigate the risk of rising interest rates and still achieve attractive levels of current income.


Know what you own

Common characteristics
Seniors loans High-yield bonds
Coupon Floating Fixed
Capital structure Most senior Structurally secondary
Price volatility 4 Lower Higher
Recovery rates 5 Higher Lower
Security Typically secured by lien on assets Typically unsecured

An easy-to-execute, liquid and cost-effective way to access the asset class is through:

BKL - PowerShares Senior Loan (CAD Hedged) Index ETF

  • Reduced interest-rate sensitivity
  • Priority of repayment and protection
  • Low correlation to traditional bonds

PowerShares ETF - listed on TSX
Fund information
PowerShares Senior Loan (CAD Hedged) Index ETF
Listing date April 16, 2012
Ticker BKL
Distribution frequency Monthly
Management fee 0.80%

1. Senior Loans are represented by the S&P/LSTA U.S. Leveraged Loan 100 Index (CAD Hedged).
2. High-yield bonds are represented by the BofA Merrill Lynch US High Yield 100 Index.
3. Source: Bloomberg L.P., as at July 31, 2013. Figures in C$.
4. Source: Invesco analysis using StyleADVISOR The historical volatility, as measured by standard deviation, for the period January 1, 2002 to July 31, 2013 was 7.54% for the S&P/LSTA Leveraged Loan Index and 10.44% for the BofA Merrill Lynch US High Yield Master II Index.
5. Source: S&P Dow Jones Index. The recovery rate for the period from 1987 to June 30, 2012 was 77.9% on senior loans and 28.5% for high-yield bonds.
6. Source: Bloomberg L.P. and underlying index provider as at April 30, 2013. This is the weighted average yield of the underlying index and is not indicative of the yield an investor could expect to earn on an ETF that seeks to replicate the performance of the index. Yields will vary over time.
PTBPowerShares Tactical Bond ETF

Strategic Diversification, Tactical Agility

Searching for a diversified fixed-income ETF to guide you through changing financial markets?

The PowerShares fixed-income ETF advantage

Listed on the TSX, PTB provides investors with:

  • Strategic diversification across fixed-income asset classes
  • Tactical shifts to take advantage of market opportunities while seeking to protect capital during market downturns
  • The simplicity of a single-trade, fixed-income portfolio

All backed by an award-winning management team led by Chief Investment Officer Scott Wolle, named a 2012 Rising Star of Mutual Funds by Institutional Investor Intelligence.

Discover the difference tactical agility can make for your portfolios.


PowerShares ETF - listed on TSX
Fund information
PowerShares Tactical Bond ETF
Listing date August 24, 2012
Ticker PTB
Distribution frequency Monthly
Management fee 0.49%
TLVPowerShares S&P/TSX Composite Low Volatility Index ETF

ULVPowerShares S&P 500 Low Volatility (CAD Hedged) Index ETF
ILVPowerShares S&P International Developed Low Volatility Index ETF

ELVPowerShares S&P Emerging Markets Low Volatility Index ETF

Volatile times call for intelligent decisions

With no end in sight to market volatility, now is the time to implement a low-volatility investment strategy.

  • Intelligent indexing
    Our low-volatility ETFs use a transparent, easy-to-understand index methodology created by S&P Dow Jones Indices, one of the world's leading index providers
  • Portfolio Diversification
    Exposure to a diverse basket of Canadian (50 holdings), U.S. (100 holdings), international and emerging market equities (200 holdings each)
  • Better risk-adjusted returns
    Research by S&P Dow Jones Indices found that the S&P 500 Low Volatility Index exhibited 35% less volatility over a 13-year period than the S&P 500 Index and outperformed the S&P 500 Index by almost 5% per year over that period 1
  • Low cost
    Due to their efficient structure, our low-volatility ETFs feature very attractive management fees
  • Income potential
    A great alternative to equity income ETFs, all of our low-volatility ETFs offer dividend yields that can appeal to conservative investors

PowerShares Canada's low-volatility ETF suite; the intelligent choice for volatile times.


PowerShares ETF - listed on TSX
TLV
PowerShares S&P/TSX Composite Low Volatility Index ETF
Listing date April 24, 2012
Ticker TLV
Dividend yield2 3.99% 3
Management fee 0.30%
ULV
PowerShares S&P 500 Low Volatility (CAD Hedged) Index ETF
Listing date January 24, 2012
Ticker ULV
Dividend yield2 2.58%3
Management fee 0.35%
ILV
Powershares S&P International Developed Low Volatility Index ETF
Listing date September 8, 2014
Ticker ILV
Dividend yield2 3.60%3
Management fee 0.40%
ELV
Powershares S&P Emerging Markets Low Volatility ETF
Listing date September 8, 2014
Ticker ELV
Dividend yield2 3.19%3
Management fee 0.44%

1. Source: S&P Dow Jones Indices. "S&P 500 Low Volatility Index: Low and Slow Could Win the Race," September 2011. Past performance is not indicative of future results. The S&P 500 Low Volatility Index was created April 20, 2011. Accordingly, the analysis conducted by S&P Dow Jones Indices used hypothetical index data for the period before the creation date.
2. Quoted annualized yields should not be construed as the annualized distribution an investor would receive from a Fund and are subject to change.
3. As of November 4, 2014
4. While the ETF and the PowerShares® Fund version seek to replicate the performance of the same index or follow the same strategy, the ETF and the fund have different management fees and expenses and the performance of the ETF and the fund will differ

TLV's Underlying index: S&P/TSX Composite Low Volatility Index
Because the Index is comprised of the 50 least volatile stocks in the S&P/TSX Composite Index (the "broader index"), the Index is expected to have less volatility than the broader index from which it is drawn. However, the Index will not have the same performance as the broader index, and its performance over any given period may be better or worse than that of the broader index from which it is drawn.

ULV's Underlying index: S&P 500® Low Volatility Index (CAD Hedged)
Because the Index is comprised of the 100 least volatile stocks in the S&P 500® Index (the "broader index"), the Index is expected to have less volatility than the broader index from which it is drawn. However, the Index will not have the same performance as the broader index, and its performance over any given period may be better or worse than that of the broader index from which it is drawn.

ILV's Underlying index: S&P BMI International Developed Low Volatility Index
Because the S&P BMI International Developed Low Volatility Index is comprised of the 200 least volatile stocks in the S&P Developed Ex-U.S. & South Korea LargeMidCap Index (the "broader index"), the Index is expected to have less volatility than the broader index from which it is drawn. However, the Index will not have the same performance as the broader index and its performance over any given period may be better or worse than that of the broader index. The broader index includes Canadian securities. In accordance with the Index methodology, Canadian securities will be represented in the Index to the extent they are among the 200 least volatile stocks in the broader index.

ELV's Underlying index: S&P BMI Emerging Markets Low Volatility Index
Because the S&P BMI Emerging Markets Low Volatility Index is comprised of the 200 least volatile stocks in the S&P Emerging Plus LargeMidCap Index (the "broader index"), the Index is expected to have less volatility than the broader index from which it is drawn. However, the Index will not have the same performance as the broader index and its performance over any given period may be better or worse than that of the broader index.

PSBPowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF
PDCPowerShares Canadian Dividend Index ETF

Two PowerShares Canada ETFs receive Lipper awards

PowerShares Canada was honoured with two wins at the 2014 Lipper Awards, confirming the power of smart beta indexing.

PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB) took top honours in the Canadian Short Term Fixed Income category for its three-year performance.1

PowerShares Canadian Dividend Index ETF (PDC) took home the award for three-year performance in the Canadian Dividend & Income Equity category.2


Ticker 1-year 3-year Since inception Inception date
PSB 3.03% 3.09% 3.33% June 15, 2011
PDC 12.88% 15.08% 12.46% June 16, 2011

PowerShares ETF - listed on TSX

Both PSB and PDC were listed on TSX in 2011, making 2014 the first year they qualified for Lipper consideration. These award-winning strategies are also available in a mutual fund structure.

Lipper award
PSB
PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF
Listing date June 15, 2011
Ticker PSB
Distribution frequency Monthly
Management fee 0.25%
PDC
PowerShares Canadian Dividend Index ETF
Listing date June 16, 2011
Ticker PDC
Distribution frequency Monthly
Management fee 0.50%

†.While the ETFs and the PowerShares® Funds seek to replicate the performance of the same index, the performance of the ETFs and the funds will differ due to differences in their management fees and expenses.

1.PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB) was awarded the 2014 Lipper Fund Award in the Canadian Short Term Fixed Income category for the three-year period (out of 8 funds) ending July 31, 2014. Performance for PSB for the period ended October 31, 2014 is as follows: 3.03% (1 year), 3.09% (3 years) and 3.33% (since inception, June 15, 2011). The corresponding Lipper Leader ratings of the fund for the same period are as follows: N/A (1 year), 5 (3 years).

2.PowerShares Canadian Dividend Index ETF (PDC) was awarded the 2014 Lipper Fund Award in the Canadian Dividend & Income Equity category for the three-year period (out of 8 funds) ending July 31, 2014. Performance for PDC for the period ended October 31, 2014 is as follows: 12.88% (1 year), 15.08% (3 years) and 12.46% (since inception, June 16, 2011). The corresponding Lipper Leader ratings of the fund for the same period are as follows: N/A (1 year), 5 (3 years).

The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. The Thomson Reuters Awards for Excellence also include the Extel Survey Awards and the StarMine Analyst Awards. For more information, please contact markets.awards@thomsonreuters.com or visit excellence.thomsonreuters.com.

The Lipper Fund Awards, granted annually, are part of the Thomson Reuters Awards for Excellence awarded by Lipper, Inc. and highlight funds that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Lipper Fund Awards are based on the Lipper Ratings for Consistent Return, which is a risk-adjusted performance measure calculated over 36, 60 and 120 month periods. The highest 20% of funds in each category are named Lipper Leaders for Consistent Return and receive a score of 5, the next 20% receive a score of 4, the middle 20% are scored 3, the next 20% are scored 2 and the lowest 20% are scored 1. The highest Lipper Leader for Consistent Return in each category wins the Lipper Fund Award. Lipper Leader ratings change monthly. For more information, see www.lipperweb.com. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

PXGPowerShares FTSE RAFI Global+ Fundamental Index ETF
PZCPowerShares FTSE RAFI Canadian Small-Mid Fundamental Index ETF
PXSPowerShares FTSE RAFI U.S. Fundamental Index ETF

The PowerShares Fundamental RAFI® Advantage

Introducing 3 new ETFs

Searching for a diversified equity anchor for your portfolio?

  • Intelligent indexing. Research Affiliates Fundamental Index® (RAFI) methodology focuses on what matters: a company's sales, cash flow, book value and dividends.
  • Diversification. Fundamental indexing provides broad exposure to equity markets, reducing concentration risk.
  • The result: the potential for higher risk-adjusted returns.

Benefits of a fundamental index strategy:

  • Severs the link between price and portfolio weight
  • Uses fundamental variables that don't rely on fluctuating market values
  • May lessen the influence of market bubbles
  • Seeks to reduce performance drag created by overweighting overvalued securities and underweighting undervalued securities
  • Provides an alternative to traditional market-cap-weighted indices

PowerShares Canada offers the RAFI methodology in your choice of investment structure, through PowerShares® Funds and PowerShares ETFs.


PowerShares ETF - listed on TSX
PXG
PowerShares FTSE RAFI Global+ Fundamental Index ETF
Listing date April 14, 2015
Ticker PXG
Distribution frequency Quarterly
Management fee 0.60%
PZC
PowerShares FTSE RAFI Canadian Small-Mid Fundamental Index ETF
Listing date April 14, 2015
Ticker PZC
Distribution frequency Quarterly
Management fee 0.60%
PXS
PowerShares FTSE RAFI U.S. Fundamental Index ETF
Listing date April 14, 2015
Ticker PXS
Distribution frequency Quarterly
Management fee 0.55%
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  • This strategy is also available through a PowerShares® Fund version.

Intraday data delayed 15 minutes unless otherwise indicated.

Quotes consolidated from the Toronto Stock Exchange, CHI-X Canada, Pure Trading and Alpha Trading Systems. Where indicated by an asterisk "*", market data displayed is provided by the Toronto Stock Exchange exclusively.

Commissions, management fees and expenses may all be associated with investments in exchange-traded funds (ETFs). Unless otherwise indicated, rates of return for periods greater than one year are historical annual compound total returns including changes in unit value and reinvestment of all distributions, and do not take into account any brokerage commissions or income taxes payable by any unitholder that would have reduced returns. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing. Copies are available from Invesco Canada Ltd. at www.powershares.ca.

There are risks involved with investing in ETFs, including the risk of error in replicating the underlying Index. Please read the prospectus for a complete description of risks relevant to the ETF. Ordinary brokerage commissions apply to purchases and sales of ETF units.

Each PowerShares ETF seeks to replicate, before fees and expenses, the performance of the applicable Index and is not actively managed. This means that the Sub-advisor will not attempt to take defensive positions in declining markets but rather continue to hold each of the securities in the Index regardless of whether the financial condition of one or more issuers of securities if the Index deteriorates.

Invesco and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence. PowerShares and all associated trademarks are trademarks of Invesco PowerShares Capital Management LLC, used under licence. Trimark and all associated trademarks are trademarks of Invesco Canada Ltd.

© Invesco Canada Ltd., 2014

There are risks involved with investing in ETFs, including possible loss of money. Units 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.

FTSE TMX Global Debt Capital Markets Inc ("FTDCM"), FTSE International Limited ("FTSE"), the London Stock Exchange Group companies (the "Exchange") or TSX INC. ("TSX" and together with FTDCM, FTSE and the Exchange, the "Licensor Parties"). The Licensor Parties make no warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE TMX Canada Investment Grade 1-5 Year Laddered Corporate Bond Index, FTSE TMX Canada Ultra Liquid Long Government Bond Index and FTSE TMX Canada 1-3 Year Laddered Floating Rate Note Index ("the Index") and/or the figure at which the said Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by FTDCM and all copyright in the Index values and constituent lists vests in FTDCM. The Licensor Parties shall not be liable (whether in negligence or otherwise) to any person for any error in the Index and the Licensor Parties shall not be under any obligation to advise any person of any error therein.

"TMX" is a trade mark of TSX Inc. and is used under licence. "FTSE®" is a trade mark of FTSE International Limited in Canada, and Taiwan and FTSE®" is a trade mark of the London Stock Exchange Group companies in the rest of the world, and is used by FTDCM under licence".

Investors should be aware of the risks associated with data sources and quantitative processes used in our investment management process. Errors may exist in data acquired from third party vendors, the construction of model portfolios, and in coding related to the index and portfolio construction process. While Research Affiliates takes steps to identify data and process errors so as to minimize the potential impact of such errors on index and portfolio performance, we cannot guarantee that such errors will not occur.

"Fundamental Index®" and/or "Research Affiliates Fundamental Index®" and/or "RAFI®" and/or all other RA trademarks, trade names, patented and patent-pending concepts are the exclusive property of Research Affiliates, LLC.

S&P®, S&P 500®, S&P 500 Low Volatility Index®, and S&P 500 High Beta Index™ are a registered trademark of Standard & Poor's Financial Services LLC and has been licensed for use by S&P Dow Jones Indices LLC and sublicensed for certain purposes by Invesco Canada Ltd.

LSTA® is a registered trademark of Loan Syndications and Trading Association and has been licensed for use by S&P Dow Jones Indices LLC and Invesco Canada Ltd.

TSX is a trademark of TSX Inc. ("TSX") and has been licensed for use by S&P Dow Jones Indices LLC and Invesco Canada Ltd.

The S&P/TSX Composite Low Volatility Index, S&P/TSX Composite High Beta Index, S&P 500 Low Volatility Index (CAD Hedged), S&P 500 High Beta Index (CAD Hedged), S&P BMI International Developed Low Volatility Index, S&P BMI Emerging Markets Low Volatility Index and S&P/LSTA U.S. Leverage Loan 100 Index (CAD Hedged) (the "Indices") are products of S&P Dow Jones Indices LLC, and has been licensed for use by Invesco Canada Ltd. Invesco Canada Ltd.'s PowerShares Index ETFs are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, its affiliates, LSTA, or TSX and none of such parties make any representation regarding the advisability of investing in such product.

NASDAQ®, OMX®, and NASDAQ OMX® are registered trademarks of The NASDAQ OMX Group, Inc. ("NASDAQ OMX") and LadderRite® is a registered trademark of LadderRite Portfolios LLC ("LadderRite"). NASDAQ®, OMX®, NASDAQ OMX® and LadderRite® are collectively the "Marks". The Marks are used under licence to PowerShares Capital Management LLC and Invesco Canada Ltd. The Product(s) have not been passed on by NASDAQ OMX or LadderRite as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by NASDAQ OMX or LadderRite, and NASDAQ OMX AND LADDERRITE MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).


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