Fund Description: Invesco DWA Developed Markets Momentum ETF, formerly PowerShares DWA Developed Markets Momentum Portfolio, formerly PowerShares DWA Developed Markets Technical Leaders 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-ended investment management company. INVESTMENT OBJECTIVE: The Invesco DWA Developed Markets Momentum ETF seeks investment results that correspond, before fees and expenses, generally to the price and yield performance of the Dorsey Wright Developed Markets Technical Leaders Index. INDEX DESCRIPTION: The Dorsey Wright Developed Markets Technical Leaders Index is comprised of equity securities from countries deemed to have developed economies, selected pursuant to a proprietary selection methodology designed to identify companies that demonstrate powerful relative strength characteristics. Relative strength characteristics are based upon each security's market performance. This Index includes approximately 100 companies that possess powerful relative strength characteristics and are domiciled in developed markets including, but not limited to Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom. The Index excludes US companies listed on a US stock exchange. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are rebalanced and reconstituted quarterly. FUND STRATEGY: The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index and ADRs and GDRs based on the securities in the Index. The Fund anticipates that the majority of its investments will be in the securities that comprise the Index. The Fund will normally invest at least 80% of its total assets in securities of developed economies within classification definition, excluding U.S. companies listed on a U.S. stock exchange. The Fund will invest 25% or more of the value of its total assets in securities of issuers in an industry or group of industries to the extent that the Index concentrates in an industry or group of industries. FUND MANAGEMENT: Invesco Capital Management LLC serves as the investment adviser to the Fund.