Fund Description: Invesco S&P SmallCap High Dividend Low Volatility ETF, formerly PowerShares S&P SmallCap High Dividend Low Volatility 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 SmallCap High Dividend Low Volatility ETF seeks investment results that correspond generally to the price and yield, before fees and expenses, of the S&P SmallCap 600 Low Volatility High Dividend Index. INDEX DESCRIPTION: The S&P SmallCap 600 Low Volatility High Dividend Index is designed to measure the small-capitalization segment of the U.S. equity market. S&P DJI, the Index Provider, compiles, maintains and calculates the Index, which is composed of 60 securities in the S&P SmallCap 600 Index that historically have provided high dividend yields with lower volatility. The Index Provider selects for inclusion in the Index the 60 securities with the lowest volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations (increases or decreases in a stock’s price) over time. The Index Provider weights each of the constituent securities in the Index by its dividend yield, with the highest dividend-yielding securities receiving the highest weights. FUND STRATEGY: The Fund generally will invest at least 90% of its total assets in securities 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.