Fund Description: Invesco High Yield Equity Dividend Achievers ETF, formerly The PowerShares High Yield Equity Dividend Achievers is an exchange-traded index fund or index ETF which is a separate portfolio of the Invesco Exchange-Traded Fund Trust, formerly PowerShares Exchange-Traded Fund Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The Invesco High Yield Equity Dividend Achievers ETF seeks seeks to replicate, before fees and expenses, the Mergent Dividend Achievers 50 Index (AMEX ticker symbols: Index: DAY, Intraday NAV: HEY). INDEX DESCRIPTION: The Dividend Achievers 50 Index is comprised of 50 stocks selected principally on the basis of dividend yield and consistent growth in dividends. The Index contains only stocks and no debt or fixed income securities. Since 1979, Mergent(R), Inc. has tracked companies that have had a consistent record of dividend increases. To qualify as a stock included in the universe of "Dividend Achievers," an issuer must have raised its annual regular cash dividend, on a pre-tax basis, for at least each of the last ten consecutive calendar years. FUND STRATEGY: The Fund, using an "indexing" investment approach, attempts to replicate, before expenses, the performance of the Dividend Achievers(TM) 50 Index. The Adviser seeks a correlation of 0.95 or better between the Fund's performance and the performance of the Dividend Achievers(TM) 50 Index; a figure of 1.00 would represent perfect correlation. The Fund generally will invest in all of the stocks comprising the Dividend Achievers(TM) 50 Index in proportion to their weightings in the Dividend Achievers 50 Index. However, under various circumstances, it may not be possible or practicable to purchase all of those stocks in those weightings. In those circumstances, the Fund may purchase a sample of stocks in the Dividend Achievers 50 Index as a whole. There may also be instances in which the Adviser may choose to overweight another stock in the Dividend Achievers 50 Index, purchase securities not in the Dividend Achievers(TM) 50 Index which the Adviser believes are appropriate to substitute for certain securities in the Dividend Achievers 50 Index or utilize various combinations of other available investment techniques, in seeking to track accurately the Dividend Achievers 50 Index. The Fund may sell stocks that are represented in the Dividend Achievers(TM) 50 Index in anticipation of their removal from the Dividend Achievers 50 Index, or purchase stocks not represented in the Dividend Achievers 50 Index in anticipation of their addition to the Dividend Achievers 50 Index. FUND MANAGEMENT: Invesco Capital Management LLC serves as the investment adviser to the Fund.