Fund Description: Invesco S&P 500® Enhanced Value ETF, formerly PowerShares S&P 500 Value Portfolio is an exchange-traded index fund or index ETF which is a separate portfolio of the Invesco Exchange-Traded Fund Trust II, formerly PowerShares Exchange-Traded Fund Trust II, an open-end investment management company. INVESTMENT OBJECTIVE: The Invesco S&P 500® Enhanced Value ETF seeks investment results that correspond generally to the price and yield, before fees and expenses, of the S&P 500 Enhanced Value Index. INDEX DESCRIPTION: The S&P 500 Enhanced Value Index is designed to track the performance of approximately 100 stocks in the S&P 500 Index that have the highest value score, which S&P Dow Jones Indices LLC, the Index Provider, calculates based on fundamental ratios of a company’s stock. A value stock tends to trade at a lower price relative to such fundamentals and thus may be considered undervalued by investors. In selecting constituent securities for the Index, the Index Provider first calculates the value score of each stock in the S&P 500 Index by evaluating each stock’s: (i) book value-to-price ratio, (ii) earnings-to-price ratio, and (iii) sales-to-price ratio. The Index Provider then calculates the value score of each security based on a composite of those three factors and selects the 100 stocks with the highest value score for inclusion in the Index. The Index uses a modified market capitalization-weighted strategy, as the Index Provider weights securities by multiplying their market capitalization and their value score. FUND STRATEGY: The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Fund generally invests in all of the securities comprising the Index in proportion to their weighting in the Index. FUND MANAGEMENT: Invesco Capital Management LLC serves as the investment adviser to the Fund.