Fund Description: Invesco S&P 500 GARP ETF, formerly Invesco Russell Top 200 Pure Growth ETF, formerly PowerShares Russell Top 200 Pure Growth Portfolio, formerly PowerShares Fundamental Pure Large Growth Portfolio is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Invesco Exchange-Traded Fund Trust, formerly PowerShares Exchange-Traded Fund Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The Invesco S&P 500 GARP ETF seeks investment results that correspond, before fees and expenses, generally to the price and yield of the S&P 500 GARP Index, formerly Russell Top 200 Pure Growth Index, formerly the RAFI Fundamental Large Growth Index. INDEX DESCRIPTION: The S&P 500 GARP Index is designed to track the performance of approximately 75 growth stocks in the S&P 500 that exhibit quality characteristics and have attractive valuation. FUND STRATEGY: The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Fund employs a full replication methodology in seeking to track the Underlying Index, meaning that the Fund generally invests in all of the securities comprising the Underlying Index in proportion to their weightings in the Index. FUND MANAGEMENT: Invesco Capital Management LLC serves as the investment adviser to the Fund.