Fund Description: Invesco DWA Technology Momentum ETF, formerly PowerShares DWA Technology Momentum Portfolio, formerly PowerShares Dynamic Technology 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 Technology Momentum ETF seeks investment results that correspond generally to the price and yield, before fees and expenses, of the DWA Technology Technical Leaders Index, formerly the Dynamic Technology Sector Intellidex Index. INDEX DESCRIPTION: The DWA Technology Technical Leaders Index is composed of at least 30 common stocks of companies in the technology sector with powerful relative strength characteristics, selected from a universe of approximately 3,000 common stocks traded on U.S. exchanges. Strictly in accordance with its guidelines and mandated procedures, Dorsey Wright & Associates, LLC (DWA), the Index Provider, uses a proprietary methodology to determine a momentum score for each security within the universe of eligible securities. The momentum score for each security included in the Index is based on intermediate and long-term upward price movements of the security as compared to a representative benchmark and other eligible securities within the universe. After giving each eligible security a momentum score, DWA selects at least 30 common stocks with the highest momentum scores from the technology sector for inclusion in the Index. Companies in the technology sector are principally engaged in the business of providing technology-related products and services, including computer hardware and software, Internet, electronics and semiconductors, and communication technologies. The total number of securities in the Index may vary depending on the capitalization characteristics of the securities that qualify for inclusion in the Index. DWA weights each security by its momentum score, with higher-scoring securities 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 technology sector. The Fund will normally invest at least 90% of its total assets in common stocks of companies 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.