Fund Description: Invesco International Corporate Bond ETF, formerly PowerShares International Corporate Bond Portfolio is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Invesco Exchange-Traded Fund Trust II, formerly PowerShares Exchange-Traded Fund Trust II, an open-end investment management company. INVESTMENT OBJECTIVE: Invesco International Corporate Bond ETF seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of the S&P International Corporate Bond Index. INDEX DESCRIPTION: The S&P International Corporate Bond Index measures the performance of investment grade corporate bonds issued by non-U.S. issuers in the following currencies: Australia Dollar (AUD), British Pound (GBP), Canadian Dollar (CAD), Euro (EUR), Japanese Yen (JPY), Swiss Franc (CHF), Danish Krone (DKK), New Zealand Dollar (NZD), Norwegian Krone (NOK) and Swedish Krona (SEK). The Index is generated and published under an agreement between Standard & Poor's and Credit Suisse. FUND STRATEGY: The Fund will normally invest at least 80% of its total assets in corporate bonds and will normally invest at least 80% of its total assets in the securities that comprise the Index. Seeking a correlation over time of 0.95 or better between the Fund's performance and the performance of the Index. The Fund does not purchase all of the securities in the Index. Instead, utilizes a sampling methodology in seeking to achieve the Fund's objective. Sampling means that a quantitative analysis is used to select securities from the Index universe to obtain a representative sample of securities that resemble the Index in terms of key risk factors, performance attributes and other characteristics. These include industry weightings, market capitalization and other financial characteristics of securities. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. It is generally expected that the Fund will hold less than the total number of securities in the Index, but reserves the right to hold as many securities as it believes necessary to achieve the Fund's investment objective. FUND MANAGEMENT: Invesco Capital Management LLC serves as the investment adviser to the Fund.