Sub-Adviser. AER Advisors, Inc. Objective. Long-term growth of capital. Portfolio. Generally invests in a portfolio of 50 securities selected using a quantitative screening methodology developed by AER Advisors, Inc. Universe. The PowerShares Active Alpha Multi Cap Fund (Fund) rates the stocks of companies with more than $400 million market cap (about 3,000 stocks) that are traded in the United States. Weekly, the Fund's Sub-Adviser generates a master stock list that ranks these stocks, segmented by market cap, based on its proprietary stock-ranking methodology. Stocks are selected based on factors such as strong earnings growth, low valuations and positive money flow. Fund managers then define their universe as the 2,000 largest stocks of companies with varying capitalizations from their master list. The Fund then generally selects and purchases approximately 50 stocks.

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Literature:  Prospectus | Fact Sheet | Investor Guide

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Date   9/1/2010   Price   15.61   Bid/Ask Midpoint   15.74		NAV   15.75   Bid/Ask Prem/Disc   -0.01   Bid/Ask Prem/Disc   -0.08%

As of 6/30/2010
	Index History (%)	1 Year	3 Year	5 Year	10 Year	Fund Inceptiona
	Russell 3000 Index	15.72	-9.47	-0.48	-0.92	-7.68
	S&P 500 Index	14.43	-9.80	-0.79	-1.59	-8.36
	Fund History (%)	1 Year	3 Year	5 Year	10 Year	Fund Inceptiona
	NAV	9.00				-18.23
	After Tax Held	8.91				-18.30
	After Tax Sold	5.85				-15.22
	Market Price	8.85				-18.24

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 The results assume that no cash was added to or assets withdrawn from the indexes. Index returns do not represent Fund returns. The indexes do not charge management fees or brokerage expenses, nor do the indexes 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 12/18/2009 12/22/2009 12/31/2009 0.03750 0.03750 N.A. N.A. N.A. 12/19/2008 12/23/2008 12/31/2008 0.03196 0.03196 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.

There are risks involved with investing in ETFs, including possible loss of money. Unlike conventional ETFs, the Fund is not an index fund. The Fund is actively managed and does not seek to replicate the performance of a specified index. The Fund is subject to risk similar to stocks, including those related to short selling and margin maintenance. The Fund is subject to management risk because it is an actively managed portfolio. There can be no guarantee that the investment techniques and risk analyses used by the Sub-Advisors or portfolio managers will produce the desired results. Actively managed ETFs have not previously traded and, therefore, there can be no assurance as to whether and/or the extent to which the shares will trade at premiums or discounts to NAV.

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.

AER is a newly registered investment adviser and David O'Leary, the sole portfolio manager for the Funds, does not have previous experience as a registered investment adviser or managing a registered investment company.

Investing in securities of small and medium-sized companies involves risks not associated with investing in larger, more established companies, such as business risk, stock price fluctuations and illiquidity.

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 Active Alpha Multi Cap Fund shares throughout the day through any brokerage account, which will result in typical brokerage commissions. However, only Authorized Participants may create or redeem PowerShares Active Alpha Multi Cap Fund shares directly from the Trust in large block creation/redemption units. The PowerShares Active Alpha Multi Cap Fund 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 S&P 500 Index and the Russell 3000® Index are unmanaged indexes considered representative of the U.S. stock market. The Russell 3000 Index is a trademark/service mark of the Frank Russell Co. Russell® is a trademark of the Frank Russell Co. 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 Active Alpha Multi Cap Fund 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 Active Alpha Multi Cap Fund or any of the Invesco PowerShares products, please call 800.983.0903.