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| PowerShares DB US Dollar Index Bullish &
Bearish Funds |
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| 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 each on "Index", and together, the "Indices". The Indices, 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 Fund Card
UUP Fund Card
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| US Dollar Index Bearish Fund and Index Data as of December 31, 2011 |
Source: DB / Bloomberg
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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.
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| US Dollar Index Bullish Fund and Index Data as of September 30, 2011 |
Source: DB / Bloomberg
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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.
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| IMPORTANT CONSIDERATIONS |
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Currencies and futures generally are volatile and are not 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.
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1Index history has certain inherent limitations and does not represent actual trading performance or returns of the Fund. Index history does not represent trades that have actually been executed and therefore may under or over compensate for the impact, if any, of certain market factors, such as illiquidity. No representation is being made that the Fund will or is likely to achieve profits or losses similar to the Index history. For a complete list of risks associated with an investment in the Fund, please see the prospectus.
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. Index history 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.
The S&P 500® Index (S&P 500) 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.
2The underlying Index’s initial publication date: Nov. 22, 2006. Unless otherwise noted, historical information of all displayed indexes is based on this date.
3The Fund’s exchange listing date: Feb. 20, 2007.
4NAV is a symbol representing estimated fair value based on the most recent intraday price of underlying assets.
5Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times.
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