497K 1 d571003d497k.htm 497K 497K

POWERSHARES EXCHANGE-TRADED FUND TRUST II

SUPPLEMENT DATED APRIL 20, 2018 TO THE PROSPECTUSES AND STATEMENTS OF ADDITIONAL INFORMATION DATED FEBRUARY 28, 2018, AS PREVIOUSLY SUPPLEMENTED OR REVISED, IF APPLICABLE, AND TO THE PROSPECTUSES AND STATEMENTS OF ADDITIONAL INFORMATION DATED APRIL 9, 2018, AS PREVIOUSLY SUPPLEMENTED, IF APPLICABLE, OF:

 

PowerShares 1-30 Laddered Treasury Portfolio

 

PowerShares PureBetaSM FTSE Emerging Markets Portfolio

PowerShares California AMT-Free Municipal Bond Portfolio

 

PowerShares PureBetaSM MSCI USA Portfolio

PowerShares CEF Income Composite Portfolio

 

PowerShares PureBetaSM MSCI USA Small Cap Portfolio

PowerShares China All-Cap Portfolio

 

PowerShares PureBetaSM US Aggregate Bond Portfolio

PowerShares China Real Estate Portfolio

 

PowerShares Russell 1000 Enhanced Equal Weight Portfolio

PowerShares Chinese Yuan Dim Sum Bond Portfolio

 

PowerShares Russell 1000 Equal Weight Portfolio

PowerShares DWA Developed Markets Momentum Portfolio

 

PowerShares Russell 1000 Low Beta Equal Weight Portfolio

PowerShares DWA Emerging Markets Momentum Portfolio

 

PowerShares S&P 500 Enhanced Value Portfolio

PowerShares DWA Momentum & Low Volatility Rotation Portfolio

 

PowerShares S&P 500 Minimum Variance Portfolio

PowerShares DWA SmallCap Momentum Portfolio

 

PowerShares S&P 500 Momentum Portfolio

PowerShares DWA Tactical Multi-Asset Income Portfolio

 

PowerShares S&P 500 Value With Momentum Portfolio

PowerShares DWA Tactical Sector Rotation Portfolio

 

PowerShares S&P 500® ex-Rate Sensitive Low Volatility Portfolio

PowerShares Emerging Markets Infrastructure Portfolio

 

PowerShares S&P 500® High Beta Portfolio

PowerShares Emerging Markets Sovereign Debt Portfolio

 

PowerShares S&P 500® High Dividend Low Volatility Portfolio

PowerShares Frontier Markets Portfolio

 

PowerShares S&P 500® Low Volatility Portfolio

PowerShares FTSE International Low Beta Equal Weight Portfolio

 

PowerShares S&P Emerging Markets Low Volatility Portfolio

PowerShares FTSE RAFI Asia Pacific ex-Japan Portfolio

 

PowerShares S&P Emerging Markets Momentum Portfolio

PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio

 

PowerShares S&P Global Dividend Opportunities Index Portfolio

PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio

 

PowerShares S&P Global Water Index Portfolio

PowerShares FTSE RAFI Emerging Markets Portfolio

 

PowerShares S&P International Developed High Dividend Low Volatility Portfolio

PowerShares Fundamental High Yield® Corporate Bond Portfolio

 

PowerShares S&P International Developed Low Volatility Portfolio

PowerShares Fundamental Investment Grade Corporate Bond Portfolio

 

PowerShares S&P International Developed Momentum Portfolio

PowerShares Global Agriculture Portfolio

 

PowerShares S&P International Developed Quality Portfolio

PowerShares Global Clean Energy Portfolio

 

PowerShares S&P MidCap Low Volatility Portfolio

PowerShares Global Gold and Precious Metals Portfolio

 

PowerShares S&P SmallCap Consumer Discretionary Portfolio

PowerShares Global Short Term High Yield Bond Portfolio

 

PowerShares S&P SmallCap Consumer Staples Portfolio

PowerShares Global Water Portfolio

 

PowerShares S&P SmallCap Energy Portfolio

PowerShares International BuyBack AchieversTM Portfolio

 

PowerShares S&P SmallCap Financials Portfolio

PowerShares International Corporate Bond Portfolio

 

PowerShares S&P SmallCap Health Care Portfolio

PowerShares KBW Bank Portfolio

 

PowerShares S&P SmallCap High Dividend Low Volatility Portfolio

PowerShares KBW High Dividend Yield Financial Portfolio

 

PowerShares S&P SmallCap Industrials Portfolio

PowerShares KBW Premium Yield Equity REIT Portfolio

 

PowerShares S&P SmallCap Information Technology Portfolio

PowerShares KBW Property & Casualty Insurance Portfolio

 

PowerShares S&P SmallCap Low Volatility Portfolio

PowerShares KBW Regional Banking Portfolio

 

PowerShares S&P SmallCap Materials Portfolio

PowerShares LadderRite 0-5 Year Corporate Bond Portfolio

 

PowerShares S&P SmallCap Quality Portfolio

PowerShares MSCI Emerging Markets Equal Country Weight Portfolio

 

PowerShares S&P SmallCap Utilities Portfolio

PowerShares MSCI Global Timber Portfolio

 

PowerShares Senior Loan Portfolio

PowerShares National AMT-Free Municipal Bond Portfolio

 

PowerShares Shipping Portfolio

PowerShares New York AMT-Free Municipal Bond Portfolio

 

PowerShares Taxable Municipal Bond Portfolio

PowerShares Preferred Portfolio

 

PowerShares Treasury Collateral Portfolio

PowerShares PureBetaSM 0-5 Yr US TIPS Portfolio

 

PowerShares Variable Rate Preferred Portfolio

PowerShares PureBetaSM FTSE Developed ex-North America Portfolio

 

PowerShares VRDO Tax-Free Weekly Portfolio

 

PowerShares Zacks International Multi-Asset Income Portfolio

 

(each, a “Fund” and collectively, the “Funds”)

 


On April 19, 2018, the Board of Trustees of PowerShares Exchange-Traded Fund Trust II (the “Trust”) approved changing the Funds’ names. Effective on or about June 4, 2018, the name of each Fund and all references thereto are changing as indicated below:

 

CURRENT NAME

  

NEW NAME

PowerShares 1-30 Laddered Treasury Portfolio

  

Invesco 1-30 Laddered Treasury ETF

PowerShares California AMT-Free Municipal Bond Portfolio

  

Invesco California AMT-Free Municipal Bond ETF

PowerShares CEF Income Composite Portfolio

  

Invesco CEF Income Composite ETF

PowerShares China All-Cap Portfolio

  

Invesco China All-Cap ETF

PowerShares China Real Estate Portfolio

  

Invesco China Real Estate ETF

PowerShares Chinese Yuan Dim Sum Bond Portfolio

  

Invesco Chinese Yuan Dim Sum Bond ETF

PowerShares DWA Developed Markets Momentum Portfolio

  

Invesco DWA Developed Markets Momentum ETF

PowerShares DWA Emerging Markets Momentum Portfolio

  

Invesco DWA Emerging Markets Momentum ETF

PowerShares DWA Momentum & Low Volatility Rotation Portfolio

  

Invesco DWA Momentum & Low Volatility Rotation ETF

PowerShares DWA SmallCap Momentum Portfolio

  

Invesco DWA SmallCap Momentum ETF

PowerShares DWA Tactical Multi-Asset Income Portfolio

  

Invesco DWA Tactical Multi-Asset Income ETF

PowerShares DWA Tactical Sector Rotation Portfolio

  

Invesco DWA Tactical Sector Rotation ETF

PowerShares Emerging Markets Infrastructure Portfolio

  

Invesco Emerging Markets Infrastructure ETF

PowerShares Emerging Markets Sovereign Debt Portfolio

  

Invesco Emerging Markets Sovereign Debt ETF

PowerShares Frontier Markets Portfolio

  

Invesco Frontier Markets ETF

PowerShares FTSE International Low Beta Equal Weight Portfolio

  

Invesco FTSE International Low Beta Equal Weight ETF

PowerShares FTSE RAFI Asia Pacific ex-Japan Portfolio

  

Invesco FTSE RAFI Asia Pacific ex-Japan ETF

PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio

  

Invesco FTSE RAFI Developed Markets ex-U.S. ETF

PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio

  

Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF

PowerShares FTSE RAFI Emerging Markets Portfolio

  

Invesco FTSE RAFI Emerging Markets ETF

PowerShares Fundamental High Yield® Corporate Bond Portfolio

  

Invesco Fundamental High Yield® Corporate Bond ETF

PowerShares Fundamental Investment Grade Corporate Bond Portfolio

  

Invesco Fundamental Investment Grade Corporate Bond ETF

PowerShares Global Agriculture Portfolio

  

Invesco Global Agriculture ETF

PowerShares Global Clean Energy Portfolio

  

Invesco Global Clean Energy ETF

PowerShares Global Gold and Precious Metals Portfolio

  

Invesco Global Gold and Precious Metals ETF

PowerShares Global Short Term High Yield Bond Portfolio

  

Invesco Global Short Term High Yield Bond ETF

PowerShares Global Water Portfolio

  

Invesco Global Water ETF

PowerShares International BuyBack AchieversTM Portfolio

  

Invesco International BuyBack AchieversTM ETF

PowerShares International Corporate Bond Portfolio

  

Invesco International Corporate Bond ETF

PowerShares KBW Bank Portfolio

  

Invesco KBW Bank ETF

PowerShares KBW High Dividend Yield Financial Portfolio

  

Invesco KBW High Dividend Yield Financial ETF

PowerShares KBW Premium Yield Equity REIT Portfolio

  

Invesco KBW Premium Yield Equity REIT ETF

PowerShares KBW Property & Casualty Insurance Portfolio

  

Invesco KBW Property & Casualty Insurance ETF

PowerShares KBW Regional Banking Portfolio

  

Invesco KBW Regional Banking ETF

PowerShares LadderRite 0-5 Year Corporate Bond Portfolio

  

Invesco LadderRite 0-5 Year Corporate Bond ETF

PowerShares MSCI Emerging Markets Equal Country Weight Portfolio

  

Invesco MSCI Emerging Markets Equal Country Weight ETF

PowerShares MSCI Global Timber Portfolio

  

Invesco MSCI Global Timber ETF

PowerShares National AMT-Free Municipal Bond Portfolio

  

Invesco National AMT-Free Municipal Bond ETF

PowerShares New York AMT-Free Municipal Bond Portfolio

  

Invesco New York AMT-Free Municipal Bond ETF

PowerShares Preferred Portfolio

  

Invesco Preferred ETF

PowerShares PureBetaSM 0-5 Yr US TIPS Portfolio

  

Invesco PureBetaSM 0-5 Yr US TIPS ETF

PowerShares PureBetaSM FTSE Developed ex-North America Portfolio

  

Invesco PureBetaSM FTSE Developed ex-North America ETF

PowerShares PureBetaSM FTSE Emerging Markets Portfolio

  

Invesco PureBetaSM FTSE Emerging Markets ETF

PowerShares PureBetaSM MSCI USA Portfolio

  

Invesco PureBetaSM MSCI USA ETF

PowerShares PureBetaSM MSCI USA Small Cap Portfolio

  

Invesco PureBetaSM MSCI USA Small Cap ETF

PowerShares PureBetaSM US Aggregate Bond Portfolio

  

Invesco PureBetaSM US Aggregate Bond ETF

PowerShares Russell 1000 Enhanced Equal Weight Portfolio

  

Invesco Russell 1000 Enhanced Equal Weight ETF

PowerShares Russell 1000 Equal Weight Portfolio

  

Invesco Russell 1000 Equal Weight ETF

PowerShares Russell 1000 Low Beta Equal Weight Portfolio

  

Invesco Russell 1000 Low Beta Equal Weight ETF

PowerShares S&P 500 Enhanced Value Portfolio

  

Invesco S&P 500 Enhanced Value ETF

PowerShares S&P 500 Minimum Variance Portfolio

  

Invesco S&P 500 Minimum Variance ETF

PowerShares S&P 500 Momentum Portfolio

  

Invesco S&P 500 Momentum ETF

PowerShares S&P 500 Value With Momentum Portfolio

  

Invesco S&P 500 Value With Momentum ETF

PowerShares S&P 500® ex-Rate Sensitive Low Volatility Portfolio

  

Invesco S&P 500® ex-Rate Sensitive Low Volatility ETF

PowerShares S&P 500® High Beta Portfolio

  

Invesco S&P 500® High Beta ETF

 

2


CURRENT NAME

  

NEW NAME

PowerShares S&P 500® High Dividend Low Volatility Portfolio

  

Invesco S&P 500® High Dividend Low Volatility ETF

PowerShares S&P 500® Low Volatility Portfolio

  

Invesco S&P 500® Low Volatility ETF

PowerShares S&P Emerging Markets Low Volatility Portfolio

  

Invesco S&P Emerging Markets Low Volatility ETF

PowerShares S&P Emerging Markets Momentum Portfolio

  

Invesco S&P Emerging Markets Momentum ETF

PowerShares S&P Global Dividend Opportunities Index Portfolio

  

Invesco S&P Global Dividend Opportunities Index ETF

PowerShares S&P Global Water Index Portfolio

  

Invesco S&P Global Water Index ETF

PowerShares S&P International Developed High Dividend Low Volatility Portfolio

  

Invesco S&P International Developed High Dividend Low Volatility ETF

PowerShares S&P International Developed Low Volatility Portfolio

  

Invesco S&P International Developed Low Volatility ETF

PowerShares S&P International Developed Momentum Portfolio

  

Invesco S&P International Developed Momentum ETF

PowerShares S&P International Developed Quality Portfolio

  

Invesco S&P International Developed Quality ETF

PowerShares S&P MidCap Low Volatility Portfolio

  

Invesco S&P MidCap Low Volatility ETF

PowerShares S&P SmallCap Consumer Discretionary Portfolio

  

Invesco S&P SmallCap Consumer Discretionary ETF

PowerShares S&P SmallCap Consumer Staples Portfolio

  

Invesco S&P SmallCap Consumer Staples ETF

PowerShares S&P SmallCap Energy Portfolio

  

Invesco S&P SmallCap Energy ETF

PowerShares S&P SmallCap Financials Portfolio

  

Invesco S&P SmallCap Financials ETF

PowerShares S&P SmallCap Health Care Portfolio

  

Invesco S&P SmallCap Health Care ETF

PowerShares S&P SmallCap High Dividend Low Volatility Portfolio

  

Invesco S&P SmallCap High Dividend Low Volatility ETF

PowerShares S&P SmallCap Industrials Portfolio

  

Invesco S&P SmallCap Industrials ETF

PowerShares S&P SmallCap Information Technology Portfolio

  

Invesco S&P SmallCap Information Technology ETF

PowerShares S&P SmallCap Low Volatility Portfolio

  

Invesco S&P SmallCap Low Volatility ETF

PowerShares S&P SmallCap Materials Portfolio

  

Invesco S&P SmallCap Materials ETF

PowerShares S&P SmallCap Quality Portfolio

  

Invesco S&P SmallCap Quality ETF

PowerShares S&P SmallCap Utilities Portfolio

  

Invesco S&P SmallCap Utilities ETF

PowerShares Senior Loan Portfolio

  

Invesco Senior Loan ETF

PowerShares Shipping Portfolio

  

Invesco Shipping ETF

PowerShares Taxable Municipal Bond Portfolio

  

Invesco Taxable Municipal Bond ETF

PowerShares Treasury Collateral Portfolio

  

Invesco Treasury Collateral ETF

PowerShares Variable Rate Preferred Portfolio

  

Invesco Variable Rate Preferred ETF

PowerShares VRDO Tax-Free Weekly Portfolio

  

Invesco VRDO Tax-Free Weekly ETF

PowerShares Zacks International Multi-Asset Income Portfolio

  

Invesco Zacks International Multi-Asset Income ETF

On April 19, 2018, the Board of Trustees of the Trust approved changing the Trust’s name. Effective on or about June 4, 2018, the name of the Trust and all references thereto are changing as indicated below:

 

CURRENT NAME

  

NEW NAME

PowerShares Exchange-Traded Fund Trust II

  

Invesco Exchange-Traded Fund Trust II

In addition, effective on or about June 4, 2018, the names of the following trusts and all references thereto are changing as indicated below:

 

CURRENT NAME

  

NEW NAME

PowerShares Exchange-Traded Fund Trust    Invesco Exchange-Traded Fund Trust
PowerShares Actively Managed Exchange-Traded Fund Trust    Invesco Actively Managed Exchange-Traded Fund Trust
PowerShares Actively Managed Exchange-Traded Commodity Fund Trust    Invesco Actively Managed Exchange-Traded Commodity Fund Trust
PowerShares India Exchange-Traded Fund Trust    Invesco India Exchange-Traded Fund Trust
PowerShares Exchange-Traded Self-Indexed Fund Trust    Invesco Exchange-Traded Self-Indexed Fund Trust

 

3


Effective on or about June 4, 2018, the name of the investment adviser is changing from “Invesco PowerShares Capital Management LLC” to “Invesco Capital Management LLC” and all references thereto are changing accordingly.

Effective on or about June 4, 2018, any and all references to “PowerShares family of ETFs” are hereby changing to “Invesco family of ETFs”.

Effective on or about June 4, 2018, www.powershares.com is changing to www.invesco.com, info@powershares.com is changing to info@invesco.com, and www.powershares.com/capitalmarkets is changing to www.invesco.com/capitalmarkets, as applicable.

Effective on or about June 4, 2018, any and all references to “PowerShares” are changing to “Invesco”.

Please Retain This Supplement for Future Reference.

P-BRAND-SUP-2 042018

 

4