The PowerShares Dynamic Developed International Opportunities Portfolio (Fund) is based on the QSG Developed International Opportunities Index (Index). The Index seeks to identify global equities with strong potential for capital appreciation. 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 constructed pursuant to Quantitative Services Group, LLC proprietary methodology, which evaluates, ranks and sorts more than 10,000 global securities using a proprietary multifactor model that is based on numerous measures of expected outperformance.

Go to:   Performance | Distributions | Top Holdings | Sectors

Literature:  Prospectus | Fact Sheet | Investor Guide

Links:   Fund Holdings | Index Holdings | Interactive Charting | Download Historical NAVs

Date   11/19/2009   Price   16.25   Bid/Ask Midpoint   16.33		NAV   16.30   Bid/Ask Prem/Disc   0.03   Bid/Ask Prem/Disc   0.18%

As of 9/30/2009
	Index History (%)	1 Year	3 Year	5 Year	10 Year	Fund Inceptiona
	QSG Developed International Opportunities Index	5.06				-14.68
	MSCI EAFE Index	3.23				-12.41
	S&P 500 Index	-6.91				-12.67
	Fund History (%)	1 Year	3 Year	5 Year	10 Year	Fund Inceptiona
	NAV	0.54				-16.47
	After Tax Held	0.19				-16.91
	After Tax Sold	0.32				-13.95
	Market Price	3.19				-16.94

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 0.04317 0.04317 N.A. N.A. N.A. 6/19/2009 6/23/2009 6/30/2009 0.07792 0.07792 N.A. N.A. N.A. 12/19/2008 12/23/2008 12/31/2008 0.01154 0.01154 N.A. N.A. N.A. 9/19/2008 9/23/2008 9/30/2008 0.06185 0.06185 N.A. N.A. N.A. 6/20/2008 6/24/2008 6/30/2008 0.32672 0.32672 N.A. N.A. N.A. 3/20/2008 3/25/2008 3/31/2008 0.03218 0.03218 N.A. N.A. N.A. 12/21/2007 12/26/2007 12/31/2007 0.08937 0.08937 N.A. N.A. N.A. 9/21/2007 9/25/2007 9/28/2007 0.03740 0.03740 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 Dynamic Developed International Opportunities Portfolio's return may not match the return of the QSG Developed International Opportunities 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 QSG Developed International Opportunities 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 decrease in value more or less in correlation with increases or decreases in value of the QSG Developed International Opportunities Index. The Fund is concentrated in a single industry which involves substantially greater risk of loss and price fluctuations than an investment diversified across multiple industries or sector segments. The Fund invests in the securities of non-U.S. issuers and is concentrated in a single industry which involves substantially greater risk of loss and price fluctuations than an investment in U.S. securities or diversified across multiple industries or sector segments, respectively. 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 Dynamic Developed International Opportunities 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 QSG Developed International Opportunities Index for a number of reasons. For example, the Fund incurs a number of operating expenses not applicable to the QSG Developed International Opportunities Index, and incurs costs in buying and selling securities, especially when rebalancing the Fund's securities holdings to reflect changes in composition of the QSG Developed International Opportunities 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 QSG Developed International Opportunities Index, as would be the case if it purchased all the stocks in the QSG Developed International Opportunities Index, with the same weightings as the QSG Developed International Opportunities Index.

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 Net Annual Fund Operating Expenses. You may purchase or sell PowerShares Dynamic Developed International Opportunities 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 Dynamic Developed International Opportunities Portfolio shares directly from the Trust in large block creation/redemption units. The PowerShares Dynamic Developed International Opportunities 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 50,000 shares.

The Fund is not sponsored or endorsed by the 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® Index and the S&P 500® Index are unmanaged indexes considered representative of 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 Dynamic Developed International Opportunities Portfolio is subject to risks similar to those of stocks, including those regarding short selling and margin account maintenance. Usual brokerage commissions apply.

For more information regarding PowerShares Dynamic Developed International Opportunities Portfolio or any of the Invesco PowerShares products, please call 800.983.0903.