Fund Description: Invesco S&P 500® Momentum ETF, formerly PowerShares S&P 500 Momentum 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® Momentum ETF seeks investment results that correspond generally to the price and yield, before fees and expenses, of the S&P 500 Momentum Index. INDEX DESCRIPTION: The S&P 500 Momentum Index is designed to track the performance of approximately 100 stocks in the S&P 500 Index that have the highest momentum score. In general, momentum is the tendency of an investment to exhibit persistence in its relative performance; a momentum style of investing emphasizes investing in securities that have had better recent performance compared to other securities. The momentum score for each security included in the Index is based on upward price movements of the security as compared to other eligible securities within the S&P 500 Index. In selecting constituent securities for the Index, S&P Dow Jones Indices LLC, the Index Provider, first calculates the momentum score of each stock in the S&P 500 Index by evaluating the percentage change in the stock’s price over the last 12 months, excluding the most recent month, and applying an adjustment based on the security’s volatility over that period. The Index Provider then selects the 100 stocks with the highest momentum 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 momentum 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.