The PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio (Fund) is based on the FTSE RAFI Developed Markets ex-U.S. Mid-Small 1500 Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and ADRs based on the securities in the Index. The Index is designed to track the performance of small and mid capitalization equities of companies domiciled in developed international markets (excluding the U.S.), selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The equities with the highest fundamental strength are weighted according to their fundamental scores. The Fundamentals Weighted portfolio is rebalanced and reconstituted annually.

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Literature:  Prospectus | Fact Sheet | Investor Guide

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Date   11/19/2009   Price   21.70   Bid/Ask Midpoint   21.72		NAV   21.37   Bid/Ask Prem/Disc   0.34   Bid/Ask Prem/Disc   1.59%

As of 9/30/2009
	Index History (%)	1 Year	3 Year	5 Year	10 Year	Fund Inceptiona
	FTSE RAFI Developed ex US Mid-Small Index	29.48				-5.48
	MSCI EAFE Small Index	15.46				-13.53
	MSCI EAFE Index	3.23				-15.30
	S&P 500 Index	-6.91				-14.77
	Fund History (%)	1 Year	3 Year	5 Year	10 Year	Fund Inceptiona
	NAV	25.00				-6.70
	After Tax Held	24.54				-7.10
	After Tax Sold	16.17				-5.90
	Market Price	24.26				-7.34

Monthly Standardized Report

Ex-Date Record Date Pay Date $ / Share Ordinary Income Short Term Gains Long Term Gains Return of Capital 9/18/2009 9/22/2009 9/30/2009 0.02181 0.02181 N.A. N.A. N.A. 6/19/2009 6/23/2009 6/30/2009 0.07972 0.07972 N.A. N.A. N.A. 12/19/2008 12/23/2008 12/31/2008 0.06846 0.06846 N.A. N.A. N.A. 6/20/2008 6/24/2008 6/30/2008 0.24317 0.24317 N.A. N.A. N.A. 3/20/2008 3/25/2008 3/31/2008 0.03125 0.03125 N.A. N.A. N.A. 12/21/2007 12/26/2007 12/31/2007 0.03515 0.03515 N.A. N.A. N.A.

Distribution Information

Performance data quoted represents past performance. As stated in the Fund's prospectus, the expense ratio of 0.75% is expressed as a unitary fee to cover expenses incurred in connection with managing the portfolio. 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 FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio's return may not match the return of the FTSE RAFI Developed Markets ex-U.S. Mid-Small 1500 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 FTSE RAFI Developed Markets ex-U.S. Mid-Small 1500 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 FTSE RAFI Developed Markets ex-U.S. Small-Mid 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 FTSE RAFI Developed Markets ex-U.S. Mid-Small 1500 Index for a number of reasons. For example, the Fund incurs a number of operating expenses not applicable to the 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 FTSE RAFI Developed Markets ex-U.S. Mid-Small 1500 Index, as would be the case if it purchased all the stocks in the Index, with the same weightings as the Index.

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 FTSE RAFI Developed Markets ex-U.S. Small-Mid 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 FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio shares directly from the Trust in large block creation/redemption units. The PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid 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 100,000 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 MSCI EAFE® Small Cap Index, the MSCI EAFE® Index and the S&P 500® Index are unmanaged indexes considered representative of small-cap stocks of Europe, Australasia and the Far East; stocks of Europe, Australasia and the Far East; and the U.S. stock market, respectively. 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 FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio is subject to risks similar to those of stocks, including those regarding short selling and margin account maintenance. Usual brokerage commissions apply.

Shares of the Fund are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited ("FTSE"), or by the London Stock Exchange Plc ("Exchange"), or by The Financial Times Limited ("FT") or by Research Affiliates LLC ("RA"), and neither FTSE nor Exchange nor FT nor RA makes any warranty or representation whatsoever, expressly or implicitly, as to the results to be obtained from the use of the FTSE RAFI Developed Markets ex-U.S. Mid-Small 1500 Index ("Index") and/or the figure at which the said Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by FTSE in conjunction with RA; however, neither FTSE nor Exchange nor FT nor RA shall be liable (whether in negligence or otherwise) to any person for any error in the Index, and neither FTSE nor the Exchange nor FT nor RA shall be under any obligation to advise any person of any error therein. "FTSE" is a trademark of the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE International Limited under licence. "Research Affiliates", "RAFI", "Fundamentals Weighted" and "Fundamental Index" are trademarks of Research Affiliates.

For more information regarding PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio or any of the Invesco PowerShares products, please call 800.983.0903.