On May 20, 2008, Invesco PowerShares listed the PowerShares Autonomic NFA Global Asset Portfolios. These "ETFs of ETFs" seek to provide efficient access to global, risk-controlled strategic asset allocation strategies based on specific risk profiles.

In addition, these ETFs are selected, weighted and rebalanced pursuant to Resampled Efficiency™, the proprietary and patented portfolio optimization process developed by New Frontier Advisors, LLC.

In general, ETFs are tax-efficient¹, liquid, fully transparent and provide access to nearly every major asset class. We believe these attributes make ETFs an ideal asset allocation tool for portfolio managers, institutions and individual investors.

¹Invesco PowerShares does not offer tax advice. Please consult your tax advisor regarding your own tax situation. There are risks involved with investing in ETFs, including possible loss of money. The Funds are not actively managed and are subject to risk similar to stocks. Shares are not FDIC insured, may lose value and have no bank guarantee.

The Funds pursue their investment objectives by investing their assets in the Underlying ETFs rather than investing directly in stocks, bonds, cash or other investments. The Funds’ investment performance, because they are ETFs that invest in ETFs, depends on the investment performance of the Underlying ETFs in which they invest. An investment in the Funds is subject to the risks associated with the Underlying ETFs that comprise each respective Underlying Index (e.g. New Frontier Global Dynamic® Balanced Index New Frontier Global Dynamic® Balanced Growth Index or New Frontier Global Dynamic® Growth Index, each an "Index").

The Funds will indirectly pay a proportional share of the asset-based fees of the Underlying ETFs in which they invest.

There is a risk that New Frontier Advisors’ evaluations and assumptions regarding the broad asset classes represented in the Underlying Indexes may be incorrect based on actual market conditions. In addition, at times the segments of the market represented by constituent Underlying ETFs (e.g. PowerShares Autonomic Balanced NFA Global Asset Portfolio, PowerShares Autonomic Balanced Growth NFA Global Asset Portfolio and PowerShares Autonomic Growth NFA Global Asset Portfolio) in the Underlying Indexes may be out of favor and underperform other segments.

Investment in Underlying ETFs may subject the Funds to the following risks: Market Risk; Non-Correlation Risk; Replication Management Risk; Equity Securities Risk; Fixed-Income Securities Risk; Zero Coupon Securities Risk; Mortgage-Backed Securities Risk; Small and Medium-Sized Company Risk; Large-Sized Company Risk; Value Investing Style Risk; Growth Investing Risk; Foreign Securities Risk; Developing Markets Securities Risk; Emerging Markets Securities and Commodities Risk, among others. For more information regarding these risks, please see the Funds’ prospectus.

These Funds are considered to be non-diversified and may be concentrated in one more or sectors or industries. As such, they carry additional risks than more diversified investments.