Business: Invesco S&P 500 Value With Momentum ETF, formerly PowerShares S&P 500 Minimum Variance 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 Value With Momentum ETF seeks investment results that correspond generally to the price and yield, before fees and expenses, of the S&P 500 Quality Index. INDEX DESCRIPTION: The S&P 500 Quality Index is constructed from the constituents of the S&P 500 Index that are of the highest quality that is, stocks of companies that seek to generate higher revenue and cash flow than their counterparts through prudent use of assets and finances. The quality score of each component stock is derived by S&P Dow Jones Indices LLC, the Index Provider, from each component stock’s return-on-equity, accruals ratio and financial leverage ratio. The Index Provider weights each component stock of the Index by the total of its quality score multiplied by its market capitalization. FUND STRATEGY: The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before expenses, the performance of the Index. The Fund generally will invest in the stocks comprising the Index in proportion to their weightings in the Index. FUND MANAGEMENT: Invesco Capital Management LLC serves as the investment adviser to the Fund.