Powershares Wilder Hill Clean Energy Portfolio
  Snapshot
$10,000 Hypothetical4
Detail

Quick Stats
YTD Return Market Price (%) (07/03/2008) -34.92
YTD Return NAV (%) (07/03/2008) -34.7
Market Price (07/03/2008) 18.02
NAV (07/03/2008) 18.06
Morningstar Category Specialty-Natural Res
Net Assets ($M) (05/31/2008) 1,644.35
 
Average Annual Total Returns1,2 (%)
as of 05/31/2008
NAV Return Market Price Return
1 Year 14.25 13.73
3 Year 18.68 18.52
Life 12.00 11.94
Life is as of inception date 03/03/2005
See additional performance information.
The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Currrent performance may be higher or lower than the performance data quoted.

Style Box3 as of 04/30/2008
  Value Blend Growth
Large 
     
     
   
Mid 
Small 
Current
Read more about Style Boxes, or see the Glossary for an explanation of methodology.
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  Overview
Profile
The investment seeks results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the WilderHill Clean Energy index. The fund normally invests at least 80% of total assets in common stocks of companies engaged in the business of the advancement of cleaner energy and conservation. It may invest at least 90% of total assets in common stocks that comprise the Clean Energy Index. It is nondiversified.
Risk*
Exchange-traded funds are subject to risks similar to those of stocks and will fluctuate in response to the activities of individual companies and general market and economic conditions domestically and abroad. When redeemed, you may gain or lose money.

Sponsor: Powershares
*Content provided by Fidelity Investments.
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  Expenses & Fees
Click on each fee to view additional information and read the footnotes to understand the specific policy regarding each fee.
Fidelity Brokerage Fees*
Brokerage commissions apply when you buy and sell ETFs.
Please see the Brokerage Commission and Fee Schedule for full details.
Fund Management & Admin. Fees
Expense Ratio (%) (08/30/2007) 0.70
*Data provided by Fidelity Investments.
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  Performance
Performance2 (%)
as of 07/03/2008
NAV Return Market Price Return
YTD -34.70 -34.92

Cumulative Total Returns1,2 (%)
as of 05/31/2008
NAV Return Market Price Return
YTD -18.68 -18.92
1 Month 7.42 6.85
3 Month 9.24 8.35
6 Month -6.25 -6.77
Average Annual Total Returns1,2 (%)
as of 05/31/2008
NAV Return Market Price Return
1 Year 14.25 13.73
3 Year 18.68 18.52
Life 12.00 11.94
Life is as of inception date 03/03/2005

Quarter-End Average Annual Total Returns1,2 (%)
as of 03/31/2008
Return Before Taxes Return after Taxes on Distributions Return after Taxes on Distribution & Sale of Fund Shares
NAV Return Market Price Return NAV Return Market Price Return NAV Return Market Price Return
1 Year 4.60 3.76 4.60 3.76 2.99 2.44
3 Year 11.05 10.92 11.01 10.89 9.51 9.40
Life 7.99 7.77 7.95 7.74 6.85 6.66
Life is as of inception date 03/03/2005
Read more about after-tax returns.
Quarter-End returns include all applicable recurring and non-recurring fees (including short-term trading or redemption fees) and charges, if any.

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares.
Current performance may be higher or lower than the performance data quoted.
Chart ETF (Market Price)
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  Volatility Measures
as of 05/31/2008
Beta: 1.63 R2: 0.24 Standard Deviation: 29.08 Sharpe Ratio: 0.59
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  Holdings
Top Ten Holdings3 as of 04/30/2008
Trina Solar Limited ADR
JA Solar Holdings Co., ADR ADR
First Solar, Inc.
Yingli Green Energy Holding Company, Ltd. ADR
SunPower Corporation
Suntech Power Holdings Co., Ltd. ADR
Ormat Technologies, Inc.
Evergreen Solar, Inc.
Zoltek Companies, Inc.
Energy Conversion Devices, Inc.
34.98% of the portfolio
Total Holdings: 47

Major Market Sectors3 (%) as of 04/30/2008
Software 2.68
Hardware 41.25
Healthcare 2.92
Industrial Materials 38.94
Energy 2.28
Utilities 11.93
 
Geographical Diversification3 (%) as of 04/30/2008
USA 74.67
CHN 18.79
BRA 2.46
VGB 2.26
CAN 1.82

Asset Allocations3 (%) as of 04/30/2008
Stocks 74.67
Foreign Stock 25.33

Turnover Rate (%) (05/31/2008) 41.00

Style Box3 as of 04/30/2008
  Value Blend Growth
Large 
     
     
   
Mid 
Small 
Current
Read more about Style Boxes, or see the Glossary for an explanation of methodology.
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  Facts & Features
Facts
CUSIP 73935X500
Inception 03/03/2005
Net Assets ($M) (05/31/2008) 1,644.35
Symbol PBW
Sector* Energy
Region* Domestic
*Data provided by Fidelity Investments.
Features
ETFs are a basket of securities designed to replicate the performance of an unmanaged index. ETFs are listed on an exchange and can be traded intra-day at a price set by the market.
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  Prices & Distributions
Price History
NAV (07/03/2008) 18.06
Market Price (07/03/2008) 18.02
Chart ETF (Market Price)
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  Unless otherwise noted, all data is provided is provided by Morningstar, Inc. All rights reserved.
1 Average annual total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated.
2 Since ETFs are bought and sold at prices set by the market - which can result in a premium or discount to NAV- the return calculated for market price can differ from that calculated for NAV.
3 The top ten holdings, asset allocation, major market sectors and geographical diversification are presented to illustrate examples of the securities that the fund has bought and the diversity of areas in which the fund may invest and may not be representative of the fund's current or future investments. The top ten holdings do not include money market instruments and/or futures contracts. The figures presented are as of date shown, do not include the fund's entire investment portfolio and may change at any time.
4 The chart illustrates the performance of a hypothetical $10,000 investment made in the fund ten years ago or on commencement of operations (whichever is later). Figures include reinvestment of capital gains and dividends, but do not reflect the effect of any applicable sales charges or redemption fees, which would lower these figures. This chart is not intended to imply any future performance of the fund.

Please carefully consider the ETF's investment objectives, risks, charges and expenses before investing. For this and other information, call or write to Fidelity for a free prospectus. Read it carefully before you invest or send money.


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