PowerShares Switching Names And Indexes On Three Funds (PTO, PAO, PCA)

PowerShares will be switching the names and indexes On three of their target allocation funds (PTO, PAO, PCA). The changes are set to take place on June 30th, and will maintain the current management fee for each at .25%. See a breakdown of the changes below:

The PowerShares Autonomic Growth NFA Global Asset Portfolio (PTO) will now be the PowerShares Ibbotson Alternative Completion Portfolio trading under the same symbol. The fund will now track the performance of the Ibbotson Alternative Completion Index, replacing the current New Frontier Global Dynamic Growth Index.

The PowerShares Autonomic Balanced Growth NFA Global Asset Portfolio (PAO) will now be the PowerShares RiverFront Tactical Balanced Growth Portfolio trading under the same symbol. The fund will now track the performance of the RiverFront Global Tactical Balanced Growth Index, replacing the current New Frontier Global Dynamic Balanced Growth Index.

The PowerShares Autonomic Balanced NFA Global Asset Portfolio (PCA) will now be the PowerShares RiverFront Tactical Growth & Income Portfolio trading under the same symbol. The fund will now track the performance of the RiverFront Global Tactical Balanced Growth & Income Index replacing the current New Frontier Global Dynamic Balanced Index.

For the full prospectus click: HERE

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