Fund Description: Invesco Dynamic Energy Exploration & Production ETF, formerly The PowerShares Dynamic Energy Exploration & Production 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 Energy Exploration & Production ETF seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of the Dynamic Energy Exploration & Production Intellidex Index (AMEX ticker symbols: Index: DWE, Intraday NAV: HKC). INDEX DESCRIPTION: The Energy Exploration & Production Intellidex is comprised of stocks of 30 U.S. companies involved in the exploration and production of natural resources used to produce energy. These are companies that are principally engaged in exploration, extraction and production of crude oil and natural gas from land-based or offshore wells. These companies include petroleum refineries which process the crude oil into finished products, such as gasoline and automotive lubricants and companies involved in gathering and processing of natural gas, and manufacturing natural gas liquid. Stocks are selected principally on the basis of their capital appreciation potential as identified by the AMEX pursuant to a proprietary Intellidex methodology. FUND STRATEGY: The Fund will normally invest at least 80% of its total assets in common stocks of companies engaged in energy exploration and production. In pursuit of its objective, the Fund will normally invest at least 90% of its total assets in common stocks that comprise the Energy Exploration & Production Intellidex. The Fund, using an "indexing" investment approach, attempts to replicate, before expenses, the performance of the Energy Exploration & Production Intellidex. The Adviser seeks a correlation of 0.95 or better between the Fund's performance and the performance of the Energy Exploration & Production Intellidex; a figure of 1.00 would represent perfect correlation. The Fund generally will invest in all of the stocks comprising the Energy Exploration & Production Intellidex in proportion to their weightings in the Energy Exploration & Production Intellidex. However, under various circumstances, it may not be possible or practicable to purchase all of those stocks in those weightings. In those circumstances, the Fund may purchase a sample of stocks in the Energy Exploration & Production Intellidex. There may also be instances in which the Adviser may choose to overweight another stock in the Energy Exploration & Production Intellidex, purchase securities not in the Energy Exploration & Production Intellidex which the Adviser believes are appropriate to substitute for certain securities in the Energy Exploration & Production Intellidex or utilize various combinations of other available investment techniques, in seeking to track accurately the Energy Exploration & Production Intellidex. FUND MANAGEMENT: Invesco Capital Management LLC serves as the investment adviser to the Fund.