Fund Description: Invesco International BuyBack Achievers ETF, formerly PowerShares International BuyBack Achievers Portfolio is an exchange-traded index fund or index ETF which is a separate portfolio of the Invesco Exchange-Traded Fund Trust II, formerly PowerShares Exchange-Traded Fund Trust II, an open-end investment management company. INVESTMENT OBJECTIVE: The Invesco International BuyBack Achievers ETF seeks investment results that correspond generally to the price and yield, before fees and expenses, of the NASDAQ International BuyBack Achievers Index. INDEX DESCRIPTION: The NASDAQ International BuyBack Achievers Index includes common stocks of foreign companies that are classified as International BuyBack Achievers pursuant to a proprietary selection methodology by the Index Provider, the NASDAQ OMX Group, Inc. To qualify as an International BuyBack Achiever and have its stock be eligible for inclusion in the Index, an issuer must: (i) have its common stock be included in the NASDAQ Global Ex-US Index (a broad-based index designed to track the performance of the global equity market and whose component securities are issued by companies located throughout the world, excluding the United States); (ii) have a minimum market capitalization of $250 million; (iii) have effected a net reduction of 5% or more of its outstanding shares in its latest fiscal year; and (iv) have a minimum three-month average daily cash volume of $1 million. The Fund and the Index are reconstituted annually in July and rebalanced quarterly in January, April, July and October. FUND STRATEGY: The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Fund generally will invest in all of the securities comprising the Index in proportion to their weightings in the Index. FUND MANAGEMENT: Invesco Capital Management LLC serves as the investment adviser to the Fund.