Fund Description: Invesco Dynamic Semiconductors ETF, formerly PowerShares Dynamic Semiconductors 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 Dynamic Semiconductors ETF seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Dynamic Semiconductors Intellidex Index (AMEX ticker symbols: Index: DZE, Intraday NAV: SJG). The Fund will normally invest at least 80% of its total assets in common stocks of semiconductor companies. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Semiconductors Intellidex. The Adviser will seek to match the performance of the Underlying Sector Intellidex. The Semiconductors Intellidex is comprised of stocks of 30 U.S. semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors. These companies may include, for example, companies involved in all aspects of the electronics business and in new technologies or specialty areas, including advanced design and manufacturing technologies, and lasers and electro-optics. FUND MANAGEMENT: Invesco Capital Management LLC serves as the investment adviser to the Fund.