Fund Description: Invesco Global Short Term High Yield Bond ETF, formerly PowerShares Global Short Term High Yield Bond Portfolio ETF 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 Global Short Term High Yield Bond ETF seeks investment results that correspond generally to the price and yield, before fees and expenses, of the DB Global Short Maturity High Yield Bond Index. INDEX DESCRIPTION: The DB Global Short Maturity High Yield Bond Index consists of U.S. and foreign short-term, non-investment grade bonds all of which are denominated in U.S. dollars. Deutsche Bank Securities Inc. (DB or the Index Provider) selects such bonds issued by corporations, as well as sovereign, sub-sovereign, supranational or quasi-government entities, from a universe of eligible securities for inclusion in the Index that: (i) are denominated in U.S. dollars; (ii) are rated below investment grade; (iii) have three years or less to maturity; and (iv) have a fixed coupon. Eligible bonds include either short-term bonds (i.e., bonds that have three years or less until maturity from the date they were issued) or long-term seasoned bonds (i.e., bonds that had a maturity longer than three years at the date they were issued, but currently have three years or less until maturity). To be eligible for inclusion in the Index, a short-term bond (excluding Eurodollar bonds) must have a minimum amount outstanding of at least $100 million, and a long-term seasoned bond (excluding Eurodollar bonds) must have a minimum amount outstanding of at least $250 million. Short-term Eurodollar bonds must have more than $200 million outstanding and long-term seasoned Eurodollar bonds must have more than $350 million outstanding. Eligible bonds must be rated by at least one of Standard & Poor's Ratings Group, Moody's Investors Service, Inc. or Fitch Ratings Inc. DB converts all available ratings for each bond into a numerical score, and then calculates an average score for each bond from those available ratings that corresponds to DB's composite rating system. FUND STRATEGY: The Fund, under normal circumstances, will invest at least 80% of its assets in securities that comprise its Index. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a sampling methodology to seek to achieve its investment objective. Sampling means that the Adviser uses a quantitative analysis to select securities from the universe to obtain a representative sample of securities that have, in the aggregate, investment characteristics similar to the Index in terms of key risk factors, performance attributes and other characteristics. These attributes and other characteristics include duration, maturity, credit quality, yield and coupon. The Adviser generally expects the Fund to hold less than the total number of securities in the Index, but it reserves the right to hold as many securities as it believes necessary to achieve the Fund's investment objective. Because the Fund uses an indexing approach to try to achieve its investment objective, the Fund will not take temporary defensive positions during periods of adverse market, economic or other conditions. FUND MANAGEMENT: Invesco Capital Management LLC serves as the investment adviser to the Fund.