The PowerShares Convertible Securities Portfolio (Fund) is based on The BofA Merrill Lynch All U.S. Convertibles Index (Index). The Fund will normally invest at least 80% of its total assets in the component securities that comprise the Index. The Index is designed to track the performance of U.S. dollar-denominated investment grade and non-investment grade convertible securities sold into the U.S. market and publicly traded in the United States (including the over-the-counter market).

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Literature:  Prospectus | Fact Sheet | Investor Guide

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Date   10/14/2011   Price   21.90   Bid/Ask Midpoint   22.00		NAV   23.43   Bid/Ask Prem/Disc   -1.43   Bid/Ask Prem/Disc   -6.10%

As of 6/30/2011
	Index History (%)	1 Year	3 Year	5 Year	10 Year	Fund Inceptiona
	The BofA Merrill Lynch All U.S. Convertibles Index	22.54	6.85	5.69	5.62	-1.02
	S&P 500 Index	30.68	3.34	2.95	2.72	-1.67
	Barclays Capital US Aggregate Index	3.90	6.46	6.52	5.74	-0.29
	Fund History (%)	1 Year	3 Year	5 Year	10 Year	Fund Inceptiona
	NAV					-0.88
	After Tax Held					-0.88
	After Tax Sold					-0.57
	Market Price					-1.15

Monthly Standardized Report

An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

Ex-Date Record Date Pay Date $ / Share Ordinary Income Short Term Gains Long Term Gains Return of Capital 9/15/2011 9/19/2011 9/30/2011 0.06538 0.06538 N.A. N.A. N.A. 8/15/2011 8/17/2011 8/31/2011 0.06475 0.06475 N.A. N.A. N.A. 7/15/2011 7/19/2011 7/29/2011 0.06559 0.06559 N.A. N.A. N.A.

Distribution Information

^†Credit ratings are assigned by Nationally Recognized Statistical Rating Organizations based on assessment of the credit worthiness of the underlying bond issuers. The ratings range from AAA (highest) to D (lowest) and are subject to change. Not rated indicates the debtor was not rated, and should not be interpreted as indicating low quality. For more information on rating methodologies, please visit the following NRSRO websites: standardandpoors.com and select "Understanding Ratings" under Rating Resources and moodys.com and select "Rating Methodologies" under Research and Ratings.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply.

The value of convertible securities tends to vary with fluctuations in the market value of the underlying securities. Convertible securities are subject to the risk of default by the issuer.

The Fund may invest in fixed-income securities, such as notes and bonds, which carry interest rate and credit risk. Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa. Credit risk is the risk of loss on an investment due to the deterioration of an issuer's financial health.

The Fund's underlying securities may be subject to call risk, which may result in the Fund having to reinvest the proceeds at lower interest rates, resulting in a decline in the Fund’s income.

Non-investment grade securities have additional risks, including higher default risk and decreased market liquidity.

The Fund's use of a representative sampling approach will result in its holding a smaller number of securities than are in the underlying Index, and may be subject to greater volatility.

The Fund is considered non-diversified and may be subject to greater risks than a diversified fund.

Foreign securities have additional risks, including exchange-rate changes, decreased market liquidity, political instability and taxation by foreign governments.

Shares are not individually redeemable and owners of the Shares may acquire those Shares from the Fund and tender those Shares for redemption to the Fund in Creation Unit aggregations only, typically consisting of 100,000 Shares.

The S&P 500® Index and Barclays Capital U.S. Aggregate Index are unmanaged indexes considered representative of the U.S. stock market and U.S. investment-grade, fixed-rate bond market, respectively.