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PowerShares DB US Dollar Index Bullish & Bearish Funds
 
Description
The PowerShares DB US Dollar Bullish Fund (Symbol: UUP) (the “Dollar Bullish Fund”) and the PowerShares DB US Dollar Bearish Fund (Symbol: UDN) (the “Dollar Bearish Fund,” and together with the Dollar Bullish Fund, the “Funds”) are based on the Deutsche Bank Long US Dollar Index (USDX®) Futures Index™ (DB Long USD Futures Index) and the Deutsche Bank Short US Dollar Index (USDX®) Futures Index™ (DB Short USD Futures Index), respectively. The Indexes, which are managed by DB Commodity Services LLC (the “Managing Owner), are rules-based indexes composed solely of long (in the case of the Dollar Bullish Fund) or short (in the case of the Dollar Bearish Fund) USDX® futures contracts. The USDX® futures contract is designed to replicate the performance of being long or short the US Dollar against the following currencies: Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.

Investors can buy and sell shares in the Fund at market price on the NYSE Arca, Inc. Ordinary brokerage commissions apply. Shares may only be redeemed directly from the Fund by Authorized Participants in blocks consisting of 200,000 shares.

Prospectus
UDN / UUP Fund Card


As of December 31, 2008 - Index History (%)1

Source: DB / Bloomberg


PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE. INVESTMENT RETURNS AND PRINCIPAL VALUE WILL FLUCTUATE AND SHARES OF THE FUND, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
IMPORTANT CONSIDERATIONS

Currencies and futures generally are volatile and may not be suitable for all investors. Investment in foreign exchange related products is subject to many factors which contribute to or increase volatility, such as national debt levels and trade deficits, changes in domestic and foreign interest rates, and investors’ expectations concerning interest rates, currency exchange rates and global or regional political, economic or financial events and situations. The Funds will be successful only if significant losses are avoided. Please review the prospectus regarding specific break-even figures for the Funds.

The Funds are speculative and involve a high degree of risk. An investor may lose all or substantially all of an investment in the Funds.

Please see the prospectus for a full description of how the Funds invest and the master-feeder structure of the Funds.

The Funds are not mutual funds or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and are not subject to regulation thereunder.

Shares in the Funds are not FDIC insured, may lose value and have no bank guarantee.

This material must be accompanied or preceded by a prospectus. Please read the prospectus carefully before investing.

1 Underlying Index history is hypothetical and does not represent Fund returns. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under or overcompensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown above.

The Index Base Date is December 31, 1986. The Funds seek to track the Deutsche Bank Long USD Futures Index - Excess Return™ (Symbol: USDUPX) and the Deutsche Bank Short USD Futures Index - Excess Return™ (Symbol: USDDNX), respectively. Results for the Deutsche Bank Long USD Futures Index—Total Return™ (Symbol: DBUSDX) and the Deutsche Bank Short USD Futures Index— Total Return™ (Symbol: DBUSDXS), both of which consist of the Index plus 3-month United States Treasury securities returns, are displayed because the Funds collateralize futures positions with 3-month United States Treasury securities.

2 Fund and Index performance since inception are based on the Funds’ exchange listing date of February 20, 2007. The S&P 500 and U.S. Treasury Bills since inception of the Funds are calculated as of the same date. All other index history is based on the available historical performance of such index.

The S&P 500 Index is an unmanaged index considered representative of the U.S. stock market. U.S. Treasury bills are debt obligations of the U.S. government and backed by its full faith and credit, having a maturity of one year or less. You cannot invest directly in an index.

UUP Financial Details
Ticker: UUP
Last Update02-Jul-2009
16:15 PM
Price26.29
DB Long USD Index Level*59.0302
Indicative Intra-day
NAV**
23.9193
Last end of day
NAV***
23.91864
Last date for end
of day NAV
02-Jul-2009
Data Source:   www.nyse.com
(Data delayed 20 minutes)
   *Indicative intra-day and Index closing
   **Indicative intra-day value of the Fund
   ***Last end of day UUPNAV
UDN Financial Details
Ticker: UDN
Last Update02-Jul-2009
16:15 PM
Price25.00
DB Short USD Index Level*137.8466
Indicative Intra-day
NAV**
26.7349
Last end of day
NAV***
26.73417
Last date for end
of day NAV
02-Jul-2009
Data Source:   www.nyse.com
(Data delayed 20 minutes)
   *Indicative intra-day and Index closing
   **Indicative intra-day value of the Fund
   ***Last end of day UDNNAV
About the Fund's Index
The DB Long USD Futures Index† is made up only of long USDX® futures contracts and the DB Short USD Futures Index† is made up only of short USDX® futures contracts.

Current Index Data
Downloads
UDN / UUP Prospectus
UDN / UUP Fund Card
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Contact Information
Any questions please call
1-877-369-4617