SOURCE: Invesco PowerShares Capital Management LLC

Invesco PowerShares Capital Management LLC

April 15, 2011 10:39 ET

Invesco PowerShares Provides Update on PowerShares QQQ and Pending NASDAQ-100 Index Rebalance

CHICAGO, IL--(Marketwire - Apr 15, 2011) - Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), provides additional information on the PowerShares QQQ (NASDAQ: QQQ) and the previously announced special rebalance of the NASDAQ-100 Index® that will go into effect prior to market open on May 2, 2011.

On April 5, 2011, NASDAQ OMX announced a special rebalance to bring the index securities' weights closer in line with their actual market capitalizations. The underlying characteristics and relative sector weights of the NASDAQ-100 Index® will remain unchanged. For more information about the special rebalance, visit https://indexes.nasdaqomx.com/docs/NDXSpecialRebalancePresentation.pdf.

The Bank of New York Mellon (BNY Mellon) is the trustee of the PowerShares QQQ Trust, and Invesco PowerShares Capital Management LLC is the sponsor of the PowerShares QQQ Trust. PowerShares QQQ represents undivided ownership interests in the portfolio of stocks held by the PowerShares QQQ Trust.

To maintain the correspondence between the composition and weights of the securities in PowerShares QQQ and the stocks in the NASDAQ-100 Index®, BNY Mellon adjusts the securities to conform to changes in the identity and/or relative weights of index securities through publicly available data.

On Sept. 30, 2010, the PowerShares QQQ Trust had a capital loss carry forward of $16,305,229,390. Ordinarily, capital loss carry forward can be used to offset any eligible capital gains.

"We are delighted to support the upcoming rebalance on PowerShares QQQ associated with the special rebalance of the NASDAQ-100 Index®. PowerShares and the QQQ portfolio are among our most successful clients within Global ETF Services, one of BNY Mellon's fastest growing businesses," said Joe Keenan, Managing Director, Head of Global ETFs at BNY Mellon.

"We have received a tremendous amount of positive feedback from investors about the proposed rebalancing affecting the PowerShares QQQ," said Ben Fulton, Invesco PowerShares managing director of global ETFs. "We believe the changes provide investors a more balanced approach to investing in some of the most innovative companies in the world and will be met by strong demand."

The special rebalance will not change the methodology used to calculate the NASDAQ-100 Index® nor the index securities.

PowerShares QQQ, formerly known as the "NASDAQ-100 Index Tracking Stock®," is based on the NASDAQ-100 Index®. The Fund will, under most circumstances, consist of all of stocks in the Index. The index includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization. You cannot invest directly in the index. The portfolio is rebalanced quarterly and reconstituted annually.

Invesco PowerShares Capital Management LLC is leading the Intelligent ETF Revolution® through its family of more than 140 domestic and international exchange-traded funds, which seek to outperform traditional benchmark indexes while providing advisors and investors access to an innovative array of focused investment opportunities. With franchise assets over $60 billion as of March 31, 2011, PowerShares ETFs trade on both U.S. stock exchanges. For more information, please visit us at invescopowershares.com or follow us on Twitter @PowerShares.

Invesco is a leading independent global investment manager, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our retail, institutional and high net worth clients around the world. Operating in more than 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply.

Not FDIC Insured | May Lose Value | No Bank Guarantee

Shares are not individually redeemable and owners of the Shares may acquire those Shares from the Fund and tender those Shares for redemption to the Fund in Creation Unit aggregations only, typically consisting of 50,000 Shares.

ALPS Distributors, Inc. is the distributor of PowerShares QQQ.

The sponsor of the Nasdaq-100 Trust(SM), a unit investment trust, is Invesco PowerShares Capital Management LLC ("Invesco PowerShares"). NASDAQ, Nasdaq-100 Index, Nasdaq-100 Index Tracking Stock and QQQ are trade/service marks of The Nasdaq Stock Market, Inc. and have been licensed for use by Invesco PowerShares Capital Management LLC, QQQ's sponsor. NASDAQ makes no representation regarding the advisability of investing in QQQ and makes no warranty and bears no liability with respect to QQQ, the Nasdaq-100 Index, its use or any data included therein.

PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC. Invesco PowerShares Capital Management LLC and Invesco Distributors, Inc. are indirect, wholly owned subsidiaries of Invesco Ltd.

Note: Not all products available through all firms.

This statement contains general information only and does not constitute tax, legal or other professional advice or services.

An investor should consider the Fund's investment objective, risks, charges and expenses carefully before investing. For this and more complete information about the Fund, call 800 983 0903 or visit invescopowershares.com for a prospectus. Please read the prospectus carefully before investing.

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