The PowerShares India Portfolio (Fund) is based on the Indus India Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American depositary receipts based on the securities in the Index. The Index is designed to replicate the Indian equity markets as a whole, through a group of 50 Indian stocks selected from a universe of the largest companies listed on two major Indian exchanges. The India Index has 50 constituents, spread among the following sectors: Information Technology, Health Services, Financial Services, Heavy Industry, Consumer Products and Other. The India Index is supervised by an index committee, comprised of representatives of the Index Provider and members of academia specializing in emerging markets. The Fund is rebalanced and reconstituted quarterly in Jan, Apr, Jul and Oct.

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Date   5/15/2012   Price   16.35   Bid/Ask Midpoint   20.17		NAV   16.54   Bid/Ask Prem/Disc   3.63   Bid/Ask Prem/Disc   21.92%

As of 3/31/2012

Monthly Standardized Report

An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

Ex-Date Record Date Pay Date $ / Share Ordinary Income Short Term Gains Long Term Gains Return of Capital 3/16/2012 3/20/2012 3/30/2012 0.01758 0.01758 N.A. N.A. N.A. 12/17/2010 12/21/2010 12/31/2010 0.18926 0.18926 N.A. N.A. N.A. 9/17/2010 9/21/2010 9/30/2010 0.04563 0.04563 N.A. N.A. N.A. 12/18/2009 12/22/2009 12/31/2009 0.07495 0.07495 N.A. N.A. N.A. 9/18/2009 9/22/2009 9/30/2009 0.03807 0.03807 N.A. N.A. N.A. 6/19/2009 6/23/2009 6/30/2009 0.01848 0.01848 N.A. N.A. N.A. 12/19/2008 12/23/2008 12/31/2008 0.01535 0.01535 N.A. N.A. N.A. 9/19/2008 9/23/2008 9/30/2008 0.06086 0.06086 N.A. N.A. N.A. 6/20/2008 6/24/2008 6/30/2008 0.03322 0.03322 N.A. N.A. N.A.

Distribution Information

Security classifications used in calculating allocation tables are as of Feb. 29, 2012.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund’s return may not match the return of the Underlying Index.

Indian securities have additional risks, including exchange-rate changes, decreased market liquidity, political instability and taxation by foreign governments.

There may be instances in which the Underlying Index must liquidate a security because the security has exceeded the limitation of foreign ownership set by the Index’s methodology.  This liquidation in the index may occur at an inopportune time which may result in a significant variation between the Index’s return and that of the Fund.

Unlike most ETFs, the Fund currently intends to effect redemptions principally for cash and partially in-kind, rather than primarily in-kind redemptions because of the nature of the Fund’s investments. As such, investments in Shares may be less tax efficient than investments in conventional ETFs.

The Adviser is registered as a foreign institutional investor (“FII”)
with the Securities and Exchange Board of India (“SEBI”), and the Subsidiary is
registered as a sub-account with the SEBI to obtain certain benefits relating to the
Subsidiary’s ability to make and dispose of investments. There can be no assurances that the Indian regulatory authorities will continue to grant such qualifications, and the loss of such qualifications could adversely impact the ability of the Subsidiary tomake and dispose of investments in India.

The dollar value of the fund's foreign investments will be affected by changes in the exchange rates between the dollar and the currencies in which those investments are traded.

Investing in securities of small and medium-sized companies may involve greater risk than is customarily associated with investing in large companies.

American Depositary Receipts (ADRs) involve many of the same risks as those associated with direct investment in foreign securities. In addition, the underlying issuers of certain depositary receipts, particularly unsponsored or unregistered depositary receipts, are under no obligation to distribute shareholder communications to the holders of such receipts or to pass through to them any voting rights with respect to the deposited securities.
Global Depository Recipts involve the same risks as those associated with ADRs.  In addition, they are subject to currency, political, economic and market risks because their values depend on the performance of the non-dollar demoninated underlying foreign securities.

The Fund is considered non-diversified and may be subject to greater risks than a diversified fund.

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 MSCI India Index and the BSE Sensex Index are unmanaged indexes considered representative of Indian stocks. The S&P 500^® Index is an unmanaged index considered representative of the U.S. stock market.

The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.

Indus Advisors LLC ("Indus") is the Index Provider for the Fund. Indus is not affiliated with the Trust, the Adviser or the Distributor. Indus' only relationship to the Adviser, the Fund or the Distributor is Indus' licensing to the Adviser of certain Indus trademarks, Indexes and trade names, which are composed by Indus without regard to the Adviser, the Fund, the Distributor or any investor; and Indus makes no warranty or representation regarding the advisability of purchasing, holding or trading this product.