Fund Description: Invesco DWA Consumer Staples Momentum ETF, formerly PowerShares DWA Consumer Staples Momentum Portfolio, formerly PowerShares Dynamic Consumer Staples Sector 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: Invesco DWA Consumer Staples Momentum ETF seeks investment results that correspond generally to the price and yield, before fees and expenses, of the DWA Consumer Staples Technical Leaders Index, formerly the Dynamic Consumer Staples Sector Intellidex Index. INDEX DESCRIPTION: The DWA Consumer Staples Technical Leaders Index is designed to identify equity securities that have powerful relative strength characteristics, and is composed of at least 30 common stocks of companies that demonstrate such relative strength characteristics from a universe of approximately 3,000 common stocks traded on U.S. exchanges. The Index will include securities with powerful relative strength characteristics from the consumer staples macroeconomic sector. Strictly in accordance with its guidelines and mandated procedures, Dorsey Wright & Associates, LLC (DWA), the Index Provider, will rank the universe of consumer staples securities using a proprietary relative strength methodology to determine each security’s momentum score. Each security’s score will be based on intermediate and long-term price movements relative to a representative market benchmark and the other eligible securities within the universe. DWA then will select at least 30 of the highest-scoring common stocks from the consumer staples sector for inclusion in the Index. The total number of securities in the Index can vary depending on the capitalization characteristics of the securities that qualify for inclusion in the Index. DWA will adjust each security’s raw relative strength score based on the dollar volume liquidity score that the security receives during the initial screening process. DWA then will weight each security by its adjusted relative strength scores, with securities exhibiting greater relative strength and higher liquidity representing a greater weight in the Index. The Index will be reconstituted and rebalanced at the end of each calendar quarter. FUND STRATEGY: The Fund will normally invest at least 80% of its total assets in securities located within the consumer staples sector. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. 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 representative 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.