The PowerShares Emerging Markets Sovereign Debt Portfolio (Fund) is based on the DB Emerging Market USD Liquid Balanced Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index. The Index tracks the potential returns of a theoretical portfolio of liquid emerging markets U.S. dollar-denominated government bonds issued by approximately 22 emerging-market countries. The countries in the Index are selected annually pursuant to a proprietary index methodology and the membership list is rebalanced quarterly.

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Literature:  Prospectus | Fact Sheet | Investor Guide

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Date   11/19/2009   Price   25.74   Bid/Ask Midpoint   25.74		NAV   25.51   Bid/Ask Prem/Disc   0.23   Bid/Ask Prem/Disc   0.89%

As of 9/30/2009
	Index History (%)	1 Year	3 Year	5 Year	10 Year	Fund Inceptiona
	DB Emerging Market USD Liquid Balanced Index	24.47				9.12
	JP Morgan EMBI Global Index	18.67				7.45
	Barclays Capital US Aggregate Index	10.56				7.05
	S&P 500 Index	-6.91				-14.77
	Fund History (%)	1 Year	3 Year	5 Year	10 Year	Fund Inceptiona
	NAV	22.16				7.28
	After Tax Held	19.09				4.88
	After Tax Sold	14.02				4.65
	Market Price	24.79				7.67

Monthly Standardized Report

Ex-Date Record Date Pay Date $ / Share Ordinary Income Short Term Gains Long Term Gains Return of Capital 11/13/2009 11/17/2009 11/30/2009 0.13415 0.13415 N.A. N.A. N.A. 10/15/2009 10/19/2009 10/30/2009 0.13740 0.13740 N.A. N.A. N.A. 9/15/2009 9/17/2009 9/30/2009 0.13959 0.13959 N.A. N.A. N.A. 8/14/2009 8/18/2009 8/31/2009 0.14137 0.14137 N.A. N.A. N.A. 7/15/2009 7/17/2009 7/31/2009 0.14206 0.14206 N.A. N.A. N.A. 6/15/2009 6/17/2009 6/30/2009 0.13379 0.13379 N.A. N.A. N.A. 5/15/2009 5/19/2009 5/29/2009 0.12526 0.12526 N.A. N.A. N.A. 4/15/2009 4/17/2009 4/30/2009 0.12956 0.12956 N.A. N.A. N.A. 3/13/2009 3/17/2009 3/31/2009 0.13500 0.13500 N.A. N.A. N.A. 2/13/2009 2/18/2009 2/27/2009 0.12833 0.12833 N.A. N.A. N.A. 1/15/2009 1/20/2009 1/30/2009 0.11382 0.11382 N.A. N.A. N.A. 12/15/2008 12/17/2008 12/31/2008 0.14419 0.14419 N.A. N.A. N.A. 11/14/2008 11/18/2008 11/28/2008 0.11644 0.11644 N.A. N.A. N.A. 10/15/2008 10/17/2008 10/31/2008 0.11831 0.11831 N.A. N.A. N.A. 9/15/2008 9/17/2008 9/30/2008 0.11900 0.11900 N.A. N.A. N.A. 8/15/2008 8/19/2008 8/29/2008 0.12164 0.12164 N.A. N.A. N.A. 7/15/2008 7/17/2008 7/31/2008 0.11610 0.11610 N.A. N.A. N.A. 6/13/2008 6/17/2008 6/30/2008 0.09809 0.09809 N.A. N.A. N.A. 5/15/2008 5/19/2008 5/30/2008 0.11333 0.11333 N.A. N.A. N.A. 4/15/2008 4/17/2008 4/30/2008 0.11706 0.11706 N.A. N.A. N.A. 3/14/2008 3/18/2008 3/31/2008 0.12140 0.12140 N.A. N.A. N.A. 2/15/2008 2/19/2008 2/29/2008 0.12631 0.12631 N.A. N.A. N.A. 1/15/2008 1/17/2008 1/31/2008 0.12567 0.12567 N.A. N.A. N.A. 12/14/2007 12/18/2007 12/31/2007 0.17232 0.17232 N.A. N.A. N.A. 11/15/2007 11/19/2007 11/30/2007 0.13675 0.13675 N.A. N.A. N.A.

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^†The credit quality of the Fund's holdings represents the weighted average quality rating of the securities in the portfolio as assigned by Nationally Recognized Statistical Rating Organizations based on assessment of the credit worthiness of the underlying securities. The ratings range from AAA (highest) to D (lowest).

Performance data quoted represents past performance. Past performance is no guarantee of future results. PowerShares Exchange-Traded Fund Trust II portfolios are not actively managed and are subject to risk similar to stocks, including those related to short selling and margin maintenance. The PowerShares Emerging Markets Sovereign Debt Portfolio's return may not match the return of the Deutsche Bank Emerging Market U.S. Dollar Balanced Liquid Index, as outlined in the prospectus. For actual Fund performance, please contact your financial advisor. Index performance does not reflect charges and expenses associated with the Fund or brokerage commissions associated with buying and selling Fund shares.

The value of the stocks in the Deutsche Bank Emerging Market U.S. Dollar Balanced Liquid Index is likely to be more volatile than stocks of other issues. An investor in the Fund should anticipate that the value of their shares will increase or decease in value more or less in correlation with increases and decreases in the value of the Index. There are risks involved with investing in ETFs including the possible loss of money. The investment return and principal value of an investment in PowerShares Emerging Markets Sovereign Debt Portfolio will fluctuate so that shares, when sold, may be worth more or less than their original cost.

The Fund's return may not match the return of the Deutsche Bank Emerging Market U.S. Dollar Balanced Liquid Index for a number of reasons. For example, the Fund incurs a number of operating expenses not applicable to the Deutsche Bank Emerging Market U.S. Dollar Balanced Liquid Index, and incurs costs in buying and selling securities, especially when rebalancing the Fund's securities holdings to reflect changes in composition of the Index.

The Fund may not be fully invested at times, either as a result of cash flows into the fund or reserves of cash held by the Fund to meet redemptions and expenses. If the Fund utilizes a sampling approach or futures or other derivative positions, its return may not correlate as well with the return on the Deutsche Bank Emerging Market U.S. Dollar Balanced Liquid Index, as would be the case if it purchased all the stocks in the Index, with the same weightings as the Index.

Investments in sovereign debt securities involve special risks. The governmental authority that controls the repayment of the debt may be unwilling or unable to repay the principal and/or interest when due in accordance with the terms of such securities due to: the extent of its foreign reserves; the availability of sufficient foreign exchange on the date a payment is due; the relative size of the debt service burden to the economy as a whole; or the government debtor’s policy towards the International Monetary Fund and the political constraints to which a government debtor may be subject. If an issuer of sovereign debt defaults on payments of principal and/or interest, the Fund may have limited legal recourse against the issuer and/or guarantor. In certain cases, remedies must be pursued in the courts of the defaulting party itself, and the Fund's ability to obtain recourse may be limited. Government obligors in emerging market countries are among the world's largest debtors to commercial banks, other governments, international financial organizations and other financial institutions. Historically, certain issuers of the government debt securities in which the Fund may invest have experienced substantial difficulties in meeting their external debt obligations, resulting in defaults on certain obligations and the restructuring of certain indebtedness. Such restructuring arrangements have included obtaining additional credit to finance outstanding obligation and the reduction and rescheduling of payments of interest and principal through the negotiation of new or amended credit agreements. Please see the prospectus for more complete information regarding the risks of investing in emerging markets and sovereign debt.

An investment in the securities of non-U.S. issuers involves risks beyond those associated with investments in U.S. securities, including, but not limited to: greater market volatility, the availability of less reliable financial information, higher transactional and custody costs, taxation by foreign governments, decreased market liquidity, political instability, negative impact of changes in currency exchange rates or foreign governmental regulation.

The Index may include small and medium-sized companies. Investing in securities of these companies involves greater risk than is customarily associated with investing in more established companies. These companies' stocks may be more volatile and less liquid than those of more established companies. These stocks may have returns that vary, sometimes significantly, from the overall stock market. Often smaller and medium capitalization companies and the industries in which they are focused are still evolving, and while this may offer better growth potential than larger, more established companies, it may also make them more sensitive to changing market conditions.

Please review a copy of the prospectus carefully prior to investing. The prospectus provides a detailed explanation of the costs of investing, including the Total Annual Fund Operating Expenses. You may purchase or sell PowerShares Emerging Markets Sovereign Debt Portfolio shares throughout the day through any brokerage account, which will result in typical brokerage commissions. However, only Authorized Participants may create or redeem PowerShares Emerging Markets Sovereign Debt Portfolio shares directly from the Trust in large block creation/redemption units. The PowerShares Emerging Markets Sovereign Debt Portfolio is obligated to distribute portfolio gains to shareholders, and trading Fund shares may generate tax consequences.

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 Units only, typically consisting of aggregations of 200,000 shares.

The Fund is not sponsored or endorsed by the American Stock Exchange (AMEX), and the AMEX makes no warranty or representation as to the accuracy and/or completeness of the Indexes or the results to be obtained by any person from the use of the Indexes or the trading of the Fund shares.

The JP Morgan Emerging Markets Bond Index Global (EMBI Global) is an unmanaged index that tracks debt securities of emerging markets. The S&P 500® Index, the MSCI EAFE® Index and the MSCI Emerging Markets Index are unmanaged indexes considered representative of the U.S. stock market; stocks of Europe, Australasia and the Far East; and stocks of developing countries, respectively. The Barclays Capital U.S. Aggregate Bond Index is an unmanaged index considered representative of the U.S. investment-grade, fixed-rate bond market. Except where indicated otherwise, all information is as of date noted, and Invesco PowerShares Capital Management LLC is either the source of such data or has obtained it from third-party financial reporting sources.

PowerShares Emerging Markets Sovereign Debt Portfolio is subject to risks similar to those of stocks, including those regarding short selling and margin account maintenance. Usual brokerage commissions apply.

PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC. Deutsche Bank Securities Inc. is the Index Provider for the PowerShares Emerging Markets Sovereign Debt Portfolio. DB is not affiliated with the Trust, the Adviser or the Distributor. The Adviser has entered into a license agreement with the Index Provider to use the Deutsche Bank Emerging Market U.S. Dollar Balanced Liquid Index. The PowerShares Emerging Markets Sovereign Debt Portfolio is entitled to use the Deutsche Bank Emerging Market U.S. Dollar Balanced Liquid Index pursuant to a sub-licensing arrangement with the Adviser.

For more information regarding PowerShares Emerging Markets Sovereign Debt Portfolio or any of the Invesco PowerShares products, please call 800.983.0903.