INVESCO EXCHANGE-TRADED FUND TRUST II

Invesco Exchange-traded Fund Trust II is based out of Downers Grove. PowerShares FTSE RAFI Europe Portfolio is an exchange-traded index fund or Index ETF which is a separate portfolio of the PowerShares Exchange-Traded Fund Trust II, a registered investment company. The Fund seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of the equity index called the FTSE RAFI Europe Index. INDEX DESCRIPTION: The FTSE RAFI Europe Index is designed to track the performance of the European companies represented amongst the constituents of the FTSE RAFI Europe Developed Large/Mid-Cap indexes with the largest fundamental value, selected from the constituents of the FTSE Europe Developed Large/Mid-Cap indexes as determined by FTSE (the 'Index Provider'). The equities are selected and weighted based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. As of March 31, 2007, the FTSE RAFI Europe Index consisted of approximately 473 securities of companies with market capitalizations of between approximately $1.5 billion and $216.9 billion that were domiciled in Austria, Belgium, Luxembourg, Denmark, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom or primarily listed on an exchange in such countries. The Index is adjusted annually. The firm has no submitted 13F filings and does not appear to be an investment advisor.