Fund Description: Invesco Dividend Achievers ETF, formerly PowerShares Dividend Achievers Portfolio, 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 Dividend Achievers ETF seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of the Broad Dividend Achievers Index (AMEX ticker symbols: Index: DAA, Intraday NAV: FKO). INDEX DESCRIPTION: The Broad Dividend Achievers Index is designed to track the performance of companies that meet the requirements to be classified as "Dividend Achievers." To become eligible for inclusion in the Broad Dividend Achievers Index, a company must be incorporated in the United States or territories, trade on the New York Stock Exchange, NASDAQ or AMEX, and must have raised its annual regular cash dividend payments for at least each of the last 10 consecutive fiscal years. Mergent uses the last available dividend payable date for the previous calendar or fiscal year to calculate the total annual regular dividend payment. Mergent reserves the authority to include companies with an off calendar year payment schedule or an off fiscal year as long as the payable date falls within the first 10 days of the fiscal or calendar year. The Broad Dividend Achievers Index is rebalanced on a quarterly basis using a modified market capitalization methodology. FUND STRATEGY: The Fund will normally invest at least 80% of its total assets in common stocks of companies that have raised their annual regular cash dividend payments for at least each of the last 10 consecutive fiscal years. The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise the Broad Dividend Achievers Index. The Fund, using an "indexing" investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Adviser seeks correlation over time of 0.95 or better between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Fund generally will invest in all of the securities comprising the Index in proportion to their weightings in the Index. However, under various circumstances, it may not be possible or practicable to purchase all of those securities in those weightings. In those circumstances, the Fund may purchase a sample of securities in the Index as a whole. There may also be instances in which the Adviser may choose to overweight another security in the Index, purchase securities not in the Index which the Adviser believes are appropriate to substitute for certain securities in the Index or utilize various combinations of other available investment techniques, in seeking to track the Index. The Fund may sell securities that are represented in the Index in anticipation of their removal from the Index or purchase securities not represented in the Index in anticipation of their addition to the Index. FUND MANAGEMENT: Invesco Capital Management LLC serves as the investment adviser to the Fund..