PowerShares FTSE RAFI Europe UCITS ETF

PSRE

 

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ETF Holdings


As at 21 July 2017

ETF holdings subject to change

Financials

28.21%

Ticker Company % of ETF
0540528 HSBC Holdings PLC 2.59
5705946 Banco Santander SA 2.33
5231485 Allianz SE 1.44
7309681 BNP Paribas SA 1.22
7088429 AXA SA 1.06
BYMXPS7 UniCredit SpA 1
5966516 Societe Generale SA 0.92
BZ57390 ING Groep NV 0.85
3134865 Barclays PLC 0.77
5983816 Zurich Insurance Group AG 0.76
5501906 Banco Bilbao Vizcaya Argentaria SA 0.74
5750355 Deutsche Bank AG 0.74
4076836 Intesa Sanpaolo SpA 0.66
0870612 Lloyds Banking Group PLC 0.6
5294121 Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 0.59
0709954 Prudential PLC 0.59
BRJL176 UBS Group AG 0.56
0408284 Standard Chartered PLC 0.54
4056719 Assicurazioni Generali SpA 0.53
B545MG5 Swiss Re AG 0.52
7171589 Credit Suisse Group AG 0.5
5380031 Nordea Bank AB 0.45
0216238 Aviva PLC 0.45
B90LKT4 Commerzbank AG 0.39
0560399 Legal & General Group PLC 0.34
7262610 Credit Agricole SA 0.33
5927375 Aegon NV 0.32
4846523 Swedbank AB 0.27
B283W97 CaixaBank SA 0.25
BNG8PQ9 NN Group NV 0.24
4263304 DNB ASA 0.22
4588825 Danske Bank A/S 0.22
5226038 Sampo Oyj 0.21
BXDZ9Q1 Svenska Handelsbanken AB 0.2
B7T7721 Royal Bank of Scotland Group PLC 0.2
BVFD7Q5 Standard Life PLC 0.19
B77J086 Old Mutual PLC 0.19
4813345 Skandinaviska Enskilda Banken AB 0.19
B86S2N0 Ageas 0.17
4497749 KBC Group NV 0.17
7437805 Swiss Life Holding AG 0.17
B1X8QN2 Banco de Sabadell SA 0.17
5289837 Erste Group Bank AG 0.16
7622225 Unione di Banche Italiane SpA 0.15
BY9D0Y1 Direct Line Insurance Group PLC 0.14
7021963 Deutsche Boerse AG 0.12
B1LB9P6 SCOR SE 0.12
BD1RP61 Bank of Ireland Group PLC 0.11
BKKMKR2 RSA Insurance Group PLC 0.11
7124594 Baloise Holding AG 0.1
BYQP136 ABN AMRO Group NV 0.09
B1HDJL2 Natixis SA 0.09
4511809 Hannover Rueck SE 0.09
B7SF135 Unipol Gruppo Finanziario SpA 0.09
BYYN701 Poste Italiane SpA 0.09
B1YW440 3i Group PLC 0.08
5543986 CNP Assurances 0.08
B1G40S0 Mapfre SA 0.08
BZ3C3Q4 Bankia SA 0.08
4116099 BPER Banca 0.07
4574813 Mediobanca SpA 0.07
4852832 Storebrand ASA 0.07
B0704T9 Raiffeisen Bank International AG 0.06
B45JKK9 Phoenix Group Holdings 0.06
B4R2R50 Julius Baer Group Ltd 0.06
7390113 Wendel SA 0.06
B0SWJX3 London Stock Exchange Group PLC 0.06
7042395 Eurazeo SA 0.05
BVZHXQ9 Hiscox Ltd 0.05
0003128 Aberdeen Asset Management PLC 0.05
B17BBQ5 Investec PLC 0.05
5474008 Bankinter SA 0.05
0766937 St James's Place PLC 0.05
B89YH96 UnipolSai Assicurazioni SpA 0.05
B02J639 Admiral Group PLC 0.05
4076847 Intesa Sanpaolo SpA 0.05
BYT1DJ1 Intermediate Capital Group PLC 0.05
BD9PNF2 ASR Nederland NV 0.05
7189292 Helvetia Holding AG 0.04
B83VD95 Man Group PLC 0.04
BZ02MH1 NEX Group PLC 0.04
BD6GN03 CYBG PLC 0.04
B4PH0C5 Gjensidige Forsikring ASA 0.03
BYQ0JC6 Beazley PLC 0.03
B06QFB7 IG Group Holdings PLC 0.03
B1VSK10 Industrivarden AB 0.03
B1Z4ST8 Provident Financial PLC 0.03
B0386J1 Jyske Bank A/S 0.03
B8F0TD6 Talanx AG 0.03
0240549 Schroders PLC 0.03
7380062 Aareal Bank AG 0.03
B0PYHC7 Lancashire Holdings Ltd 0.03
0766807 Close Brothers Group PLC 0.03
B1VSK54 Industrivarden AB 0.02
BDJ0CR2 Banca Monte dei Paschi di Siena SpA 0.02
BXDZ9V6 Svenska Handelsbanken AB 0
4812740 Skandinaviska Enskilda Banken AB 0

Industrials

11.32%

Ticker Company % of ETF
5727973 Siemens AG 0.88
B1XH026 Vinci SA 0.45
4834108 Schneider Electric SE 0.43
4617859 Deutsche Post AG 0.42
7108899 ABB Ltd 0.41
7380482 Cie de Saint-Gobain 0.4
4012250 Airbus SE 0.35
5986622 Koninklijke Philips NV 0.34
B1QH830 Volvo AB 0.31
0263494 BAE Systems PLC 0.26
B63H849 Rolls-Royce Holdings PLC 0.26
4253048 AP Moller - Maersk A/S 0.21
4002121 Bouygues SA 0.18
B01FLQ6 ACS Actividades de Construccion y Servicios SA 0.18
B058TZ6 Safran SA 0.17
4916039 Air France-KLM 0.17
5287488 Deutsche Lufthansa AG 0.16
4253059 AP Moller - Maersk A/S 0.16
BDSV2V0 CNH Industrial NV 0.15
7667163 Atlantia SpA 0.14
B1VQ252 Sandvik AB 0.14
BFNWV48 Wolseley PLC 0.14
7110720 Adecco Group AG 0.14
4065663 Abertis Infraestructuras SA 0.13
BXC8BS7 Atlas Copco AB 0.12
B13X013 Eiffage SA 0.12
B038516 Ferrovial SA 0.12
B11ZRK9 Legrand SA 0.11
B09M9D2 Kone OYJ 0.1
B1VP0K0 Rexel SA 0.1
BDVZYZ7 Royal Mail PLC 0.1
B0DJNG0 Leonardo SpA 0.1
7142091 Skanska AB 0.1
B1Q3J35 SKF AB 0.09
B01FLG6 G4S PLC 0.09
B2B0DG9 RELX PLC 0.09
B5M6XQ7 International Consolidated Airlines Group SA 0.09
B23K0M2 Capita PLC 0.09
BYPC1T4 Assa Abloy AB 0.08
B19NLV4 Experian PLC 0.08
B0DJ8Q5 Alstom SA 0.08
5964651 Vestas Wind Systems A/S 0.08
5671519 Wolters Kluwer NV 0.08
B4YVF56 Brenntag AG 0.08
BKJ9RT5 ISS A/S 0.08
4148810 RELX NV 0.08
0242493 DCC PLC 0.08
4162791 Thales SA 0.07
B142S60 Kuehne + Nagel International AG 0.07
4824778 SGS SA 0.07
B1WY233 Smiths Group PLC 0.07
BXC8BW1 Atlas Copco AB 0.07
5228658 Randstad Holding NV 0.07
4525189 Wartsila OYJ Abp 0.07
B0744B3 Bunzl PLC 0.07
0773960 Travis Perkins PLC 0.06
B7KR2P8 easyJet PLC 0.06
B1W4V69 Prysmian SpA 0.06
BVRZ8L1 Aena SA 0.06
0575809 Meggitt PLC 0.06
5554041 Securitas AB 0.06
B07KD36 Cobham PLC 0.06
B1WGG93 Geberit AG 0.05
7332687 Alfa Laval AB 0.05
B1WT5G2 DSV A/S 0.05
5713422 Metso OYJ 0.05
4557104 GEA Group AG 0.05
B923935 OSRAM Licht AG 0.05
5334588 Rheinmetall AG 0.05
0053673 Ashtead Group PLC 0.05
5108664 HOCHTIEF AG 0.05
4572709 Bollore SA 0.05
B09DHL9 MTU Aero Engines AG 0.05
0096162 Balfour Beatty PLC 0.04
0946580 Weir Group PLC/The 0.04
5563520 MAN SE 0.04
BGLP8L2 IMI PLC 0.04
B28DTJ6 Bureau Veritas SA 0.04
4902384 Trelleborg AB 0.04
B1XF882 Boskalis Westminster 0.04
5117381 Bilfinger SE 0.04
B62G1B5 Edenred 0.04
B1WVF68 ANDRITZ AG 0.04
3163836 Intertek Group PLC 0.04
BB22L96 KION Group AG 0.04
B11TCY0 Schindler Holding AG 0.04
7294334 Zodiac Aerospace 0.04
5999330 Teleperformance 0.04
4341783 Georg Fischer AG 0.03
5263574 FLSmidth & Co A/S 0.03
B082RF1 Rentokil Initial PLC 0.03
0416102 Hays PLC 0.03
B292JQ9 Groupe Eurotunnel SE 0.03
BK1PTB7 Aggreko PLC 0.03
5379749 Obrascon Huarte Lain SA 0.03
7130836 Nexans SA 0.03
5481558 PostNL NV 0.03
B12W5Y9 Koninklijke BAM Groep NV 0.03
B1FP891 BBA Aviation PLC 0.03
0345217 Firstgroup PLC 0.03
0969703 Babcock International Group PLC 0.03
4645742 NCC AB 0.03
B170DQ6 Kloeckner & Co SE 0.02
5298781 Societe BIC SA 0.02
B11WWH2 Schindler Holding AG 0.02
0736554 Carillion PLC 0.01
4645731 NCC AB 0

Energy

11.15%

Ticker Company % of ETF
0798059 BP PLC 2.49
B03MLX2 Royal Dutch Shell PLC 2.06
B15C557 TOTAL SA 2
B03MM40 Royal Dutch Shell PLC 1.77
7145056 Eni SpA 1.02
5669354 Repsol SA 0.48
7133608 Statoil ASA 0.43
4651459 OMV AG 0.16
7251470 Snam SpA 0.13
B1FW751 Galp Energia SGPS SA 0.09
7538515 Tenaris SA 0.06
7383072 Enagas SA 0.06
B06YV46 Neste Oyj 0.06
5258246 Subsea 7 SA 0.06
0028262 Amec Foster Wheeler PLC 0.05
BDZZRW1 Saipem SpA 0.05
B197DR6 Vallourec SA 0.03
B5N0P84 John Wood Group PLC 0.03
B096LW7 Fugro NV 0.03
0150080 Tullow Oil PLC 0.02
B0H2K53 Petrofac Ltd 0.02
B09RMQ1 Seadrill Ltd 0.02

Consumer Discretionary

9.71%

Ticker Company % of ETF
5529027 Daimler AG 1.3
5497168 Volkswagen AG 0.7
5756029 Bayerische Motoren Werke AG 0.56
4834777 Vivendi SA 0.48
BRJFWP3 Fiat Chrysler Automobiles NV 0.37
4061412 LVMH Moet Hennessy Louis Vuitton SE 0.36
4588364 Cie Generale des Etablissements Michelin 0.31
4712798 Renault SA 0.27
BCRWZ18 Cie Financiere Richemont SA 0.26
4598589 Continental AG 0.22
5687431 Hennes & Mauritz AB 0.22
BD6K457 Compass Group PLC 0.22
4031976 adidas AG 0.2
B8KF9B4 WPP PLC 0.2
7103526 Peugeot SA 0.2
5505072 Kering 0.16
3127489 Marks & Spencer Group PLC 0.16
BP9DL90 Industria de Diseno Textil SA 0.15
0677608 Pearson PLC 0.15
3319521 Kingfisher PLC 0.14
4061393 Christian Dior SE 0.13
4380429 Publicis Groupe SA 0.12
BDC5ST8 Valeo SA 0.12
5497102 Volkswagen AG 0.12
0141192 Sky PLC 0.11
7184725 Swatch Group AG/The 0.1
B11LJN4 TUI AG 0.1
7062713 Sodexo SA 0.09
4547213 Lagardere SCA 0.09
7101069 Porsche Automobil Holding SE 0.09
B1KKBX6 Electrolux AB 0.09
B00ZQQ2 SES SA 0.09
BCZM1B2 ProSiebenSat.1 Media SE 0.09
3208986 Next PLC 0.08
5756030 Bayerische Motoren Werke AG 0.08
3064650 GKN PLC 0.08
3121522 Carnival PLC 0.08
BD8QVH4 InterContinental Hotels Group PLC 0.08
3398649 ITV PLC 0.07
0081180 Barratt Developments PLC 0.07
4400446 Faurecia 0.07
B0M7KJ7 Eutelsat Communications SA 0.06
B02L3W3 Berkeley Group Holdings PLC 0.06
B1KJJ40 Whitbread PLC 0.06
B61TVQ0 Inchcape PLC 0.06
5852842 Accor SA 0.06
0682538 Persimmon PLC 0.06
0878230 Taylor Wimpey PLC 0.06
3174300 Burberry Group PLC 0.06
B88MHC4 HUGO BOSS AG 0.05
B1VYCH8 Thomas Cook Group PLC 0.05
4800659 Luxottica Group SpA 0.05
B07G378 Nokian Renkaat OYJ 0.05
B0R80X9 Dufry AG 0.04
5773255 Leoni AG 0.04
BMJ6DW5 Informa PLC 0.04
B4Y7R14 Dixons Carphone PLC 0.04
B1BK209 RTL Group SA 0.04
B0HZP13 Greene King PLC 0.04
3169889 William Hill PLC 0.04
0090498 Bellway PLC 0.04
BN40H61 Elior Group 0.03
5077946 Mediaset SpA 0.03
B44XTX8 Pandora A/S 0.03
7184736 Swatch Group AG/The 0.03
BYT3416 Altice NV 0.03
BYT3405 Altice NV 0.01

Consumer Staples

9%

Ticker Company % of ETF
7123870 Nestle SA 1.79
0287580 British American Tobacco PLC 0.76
B12T3J1 Unilever NV 0.61
0884709 Tesco PLC 0.47
B10RZP7 Unilever PLC 0.43
BYYHL23 Anheuser-Busch InBev SA/NV 0.42
0237400 Diageo PLC 0.41
5641567 Carrefour SA 0.36
0454492 Imperial Brands PLC 0.36
B1Y9TB3 Danone SA 0.32
B24CGK7 Reckitt Benckiser Group PLC 0.32
4057808 L'Oreal SA 0.24
BD0Q398 Koninklijke Ahold Delhaize NV 0.24
4682329 Pernod Ricard SA 0.19
4178419 Casino Guichard Perrachon SA 0.16
B019KW7 J Sainsbury PLC 0.16
0604316 Wm Morrison Supermarkets PLC 0.15
7792559 Heineken NV 0.15
BF1K7P7 Essity AB 0.12
BD6QT83 Metro Wholesale & Food Specialist AG 0.12
5076705 Henkel AG & Co KGaA 0.12
B0CCH46 Heineken Holding NV 0.1
4169219 Carlsberg A/S 0.1
0673123 Associated British Foods PLC 0.09
B55ZR92 Distribuidora Internacional de Alimentacion SA 0.07
B1VQF42 Orkla ASA 0.07
5002465 Henkel AG & Co KGaA 0.07
5041413 METRO AG 0.07
B02L486 Marine Harvest ASA 0.06
4519579 Kerry Group PLC 0.06
4490005 Kesko OYJ 0.05
5048566 Swedish Match AB 0.05
0875413 Tate & Lyle PLC 0.05
B39VJC9 Aryzta AG 0.04
B9895B7 Coca-Cola HBC AG 0.04
B1Y1SQ7 Jeronimo Martins SGPS SA 0.04
5107401 Beiersdorf AG 0.04
5806225 Colruyt SA 0.04
B0S1651 ICA Gruppen AB 0.03
B01TND9 Booker Group PLC 0.03
5784462 Suedzucker AG 0.02

Health Care

7.41%

Ticker Company % of ETF
7103065 Novartis AG 1.44
5671735 Sanofi 1.05
7110388 Roche Holding AG 1.04
0925288 GlaxoSmithKline PLC 1.02
0989529 AstraZeneca PLC 0.78
5069211 Bayer AG 0.74
BHC8X90 Novo Nordisk A/S 0.32
4352097 Fresenius SE & Co KGaA 0.2
5129074 Fresenius Medical Care AG & Co KGaA 0.13
7212477 Essilor International SA 0.11
B2QKY05 Shire PLC 0.09
0922320 Smith & Nephew PLC 0.08
4741844 Merck KGaA 0.06
7333378 Lonza Group AG 0.06
5596991 UCB SA 0.05
7108918 Roche Holding AG 0.04
7698356 Getinge AB 0.04
BYY3DX6 Grifols SA 0.04
BYXS699 QIAGEN NV 0.03
7156036 Sonova Holding AG 0.03
B17NY40 Orion Oyj 0.03
BYP0K57 Grifols SA 0.02
BF0YK62 Idorsia Ltd 0

Materials

7.4%

Ticker Company % of ETF
5086577 BASF SE 0.95
B4T3BW6 Glencore PLC 0.82
0056650 BHP Billiton PLC 0.54
0718875 Rio Tinto PLC 0.53
5740817 Linde AG 0.34
B1YXBJ7 Air Liquide SA 0.34
BYPBS67 ArcelorMittal 0.28
7110753 LafargeHolcim Ltd 0.27
B1XZS82 Anglo American PLC 0.24
0182704 CRH PLC 0.24
5636927 thyssenkrupp AG 0.21
5458314 Akzo Nobel NV 0.2
5051252 UPM-Kymmene OYJ 0.18
5120679 HeidelbergCement AG 0.16
B0HZL93 Koninklijke DSM NV 0.14
4821100 Solvay SA 0.13
5072673 Stora Enso OYJ 0.11
5980613 Givaudan SA 0.11
7751259 Yara International ASA 0.11
BZ4BQC7 Johnson Matthey PLC 0.1
5485527 Aurubis AG 0.1
B11HK39 Norsk Hydro ASA 0.09
B54C017 K+S AG 0.09
4943402 voestalpine AG 0.09
4005001 Umicore SA 0.09
B0Z5YZ2 Arkema SA 0.08
B1RR840 Smurfit Kappa Group PLC 0.08
B05M8B7 LANXESS AG 0.07
B1CRLC4 Mondi PLC 0.07
B5ZQ9D3 Evonik Industries AG 0.07
0045614 Antofagasta PLC 0.05
7113990 Clariant AG 0.05
B1XCBX9 Boliden AB 0.05
4808084 Sika AG 0.05
0822011 DS Smith PLC 0.05
5465358 Salzgitter AG 0.04
BYZWX76 Croda International PLC 0.04
B1JB4K8 Symrise AG 0.04
B1VVGZ5 Svenska Cellulosa AB SCA 0.03
B798FW0 Novozymes A/S 0.03
B17H3F6 SSAB AB 0.03
B01C3S3 Randgold Resources Ltd 0.03
B011GL4 Imerys SA 0.03
BYTBWY9 Covestro AG 0.03
4354350 FUCHS PETROLUB SE 0.02
B17H0S8 SSAB AB 0.02
4354338 FUCHS PETROLUB SE 0.01

Utilities

6.9%

Ticker Company % of ETF
7144569 Enel SpA 0.99
4942904 E.ON SE 0.88
B0C2CQ3 Engie SA 0.84
B288C92 Iberdrola SA 0.53
4768962 RWE AG 0.52
BDR05C0 National Grid PLC 0.5
0790873 SSE PLC 0.34
B033F22 Centrica PLC 0.28
4031879 Veolia Environnement SA 0.26
5271782 Endesa SA 0.23
BZ6CZ43 Uniper SE 0.18
4103596 EDP - Energias de Portugal SA 0.17
B0NJJ17 Electricite de France SA 0.17
5579550 Fortum OYJ 0.13
5650422 Gas Natural SDG SA 0.13
B3B8D04 Suez 0.12
BDCFZS6 Innogy SE 0.11
B39J2M4 United Utilities Group PLC 0.08
B01BN57 Terna Rete Elettrica Nazionale SpA 0.08
BD6FXN3 Red Electrica Corp SA 0.08
B1FH8J7 Severn Trent PLC 0.07
5579107 Acciona SA 0.04
B18V863 Pennon Group PLC 0.04
5499131 A2A SpA 0.04
7598003 Hera SpA 0.04
B1VNSX3 Drax Group PLC 0.04
4769147 RWE AG 0.03

Telecommunication Services

5.91%

Ticker Company % of ETF
BH4HKS3 Vodafone Group PLC 1.57
5732524 Telefonica SA 1.01
5842359 Deutsche Telekom AG 0.79
5176177 Orange SA 0.63
3091357 BT Group PLC 0.39
5978384 Telia Co AB 0.25
7634394 Telecom Italia SpA/Milano 0.24
4732495 Telenor ASA 0.18
5956078 Koninklijke KPN NV 0.17
5533976 Swisscom AG 0.12
5698790 TDC A/S 0.1
7634402 Telecom Italia SpA/Milano 0.1
B00D9P6 Proximus SADP 0.08
B97C733 Tele2 AB 0.08
5701513 Elisa OYJ 0.06
B09LSH6 Inmarsat PLC 0.05
B7VG6L8 Telefonica Deutschland Holding AG 0.05
B1SK0S6 Freenet AG 0.04

Information Technology

1.87%

Ticker Company % of ETF
4846288 SAP SE 0.39
5959378 Telefonaktiebolaget LM Ericsson 0.37
5902941 Nokia OYJ 0.29
4163437 Capgemini SE 0.14
B929F46 ASML Holding NV 0.12
B3MSM28 Amadeus IT Group SA 0.1
5889505 Infineon Technologies AG 0.1
5654781 Atos SE 0.08
5962332 STMicroelectronics NV 0.07
B8C3BL0 Sage Group PLC/The 0.05
B1XFTL2 Hexagon AB 0.05
5617096 Neopost SA 0.04
B9MS8P5 Gemalto NV 0.03
5330047 Dassault Systemes SE 0.03

Real Estate

1.12%

Ticker Company % of ETF
B1YY4B3 Unibail-Rodamco SE 0.21
3180943 Land Securities Group PLC 0.12
BBJPFY1 Vonovia SE 0.11
0136701 British Land Co PLC/The 0.09
B0YZ0Z5 Deutsche Wohnen AG 0.06
0406501 Hammerson PLC 0.06
7582556 Klepierre 0.06
7742468 Gecina SA 0.05
B083BH4 Swiss Prime Site AG 0.05
B5ZN1N8 Segro PLC 0.04
0683434 Intu Properties PLC 0.04
5679911 IMMOFINANZ AG 0.04
4554406 ICADE 0.04
B9G6L89 LEG Immobilien AG 0.04
B037JC2 Nexity SA 0.04
0265274 Derwent London PLC 0.03
7745638 Fonciere Des Regions 0.03
BDC3JC2 Gecina SA 0

Risk warnings

The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.

Important information

The ETF will, as far as practicable, hold all the securities in the index in their respective weighting.

When making an investment in an ETF you are buying shares in a company that is listed on a stock exchange.

It is expected that the shares of the ETF will trade closely to its Net Asset Value (NAV), and because of the exchange-traded fund structure, that a significant discount or premium to the NAV will not be sustained over the long term. However, supply of, and demand for, the shares on the relevant exchange together with any disruptions to creations and redemptions of units in the underlying fund may result in share prices that differ significantly from the NAV and there can be no certainty that there will be liquidity in the shares on any exchange. Only Authorised Participants, as defined in the Prospectus of the ETF, can request the Manager to create and redeem units in the underlying fund.

The distribution and the offering of the ETF in certain jurisdictions may be restricted by law. Persons into whose possession this document may come are required to inform themselves about and to comply with any relevant restrictions. This does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer is not authorised or to any person to who it is unlawful to make such an offer or solicitation.

Persons interested in acquiring the ETF should inform themselves as to (i) the legal requirements in the countries of their nationality, residence, ordinary residence or domicile: (ii) any foreign exchange controls: and (iii) tax consequences which might be relevant.

Using the RAFI index methodology, a stock's weight is derived from the composite of its 5 year average book value, cash flow, sales and dividends and that weighting determines the percentage of the index that will be invested in that stock. Each of the four metrics are obtained from the published accounts of the companies and the weighting is calculated in the same manner each time.

This marketing material is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell securities.

The FTSE Research Affiliates FTSE RAFI Europe Index is calculated by FTSE International Limited in conjunction with Research Affiliates LLC. FTSE International Limited or Research Affiliates LLC do not sponsor, endorse or promote this product.

All copyright in the Index values and constituent list vests in FTSE International Limited. PowerShares has obtained full license from FTSE International Limited to use such copyright in the creation of this product.

 “FTSE®” is trade mark of the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE International Limited under licence.  “Research Affiliates” and “Fundamental Index” are trade marks of Research Affiliates.

Any investment in an ETF should be made on the basis of the relevant Prospectus and Key Investor Information Documents, including consideration of the investment objective, risks, charges and expenses. Further information on the ETF, including the Prospectus, Key Investor Information Documents and Supplements available at www.invescopowershares.co.uk.

Issued and distributed in the UK, on behalf of Invesco PowerShares, by Invesco Asset Management Limited. Registered Address: Perpetual Park, Perpetual Park Drive, Henley-on-Thames, Oxfordshire, RG9 1HH. Authorised and regulated by the Financial Conduct Authority.