PowerShares S&P SmallCap Consumer Discretionary Portfolio (PSCD)

Fund Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P SmallCap 600® Capped Consumer Discretionary Index. The fund generally invests at least 90% of its total assets in common stocks of small capitalization U.S. consumer discretionary companies that comprise the underlying index. It concentrates its investments (i.e., invest 25% or more of the value of its total assets) in securities of issuers in any one industry or group of industries only to the extent that the underlying index reflects a concentration in that industry or group of industries. The fund is non-diversified.