The PowerShares Dynamic Small Cap Portfolio (Fund) is based on the Dynamic Small Cap Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to objectively identify those stocks within a particular market segment that have the greatest potential for capital appreciation. The Intellidex methodology thoroughly evaluates the investment merit of the 2,000 largest U.S. companies by analyzing numerous unique financial characteristics from four broad financial perspectives: fundamental, valuation, timeliness and risk.

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   17.29   Bid/Ask Midpoint   17.27		NAV   17.27   Bid/Ask Prem/Disc   -0.01   Bid/Ask Prem/Disc   -0.03%

As of 9/30/2009
	Index History (%)	1 Year	3 Year	5 Year	10 Year	Fund Inceptiona
	Dynamic Small Cap Intellidex	-18.24	-7.98			-10.87
	S&P Small Cap 600 Index	-10.61	-3.98			-6.73
	Russell 2000 Index	-9.55	-4.57			-7.55
	S&P 500 Index	-6.91	-5.43			-7.42
	Fund History (%)	1 Year	3 Year	5 Year	10 Year	Fund Inceptiona
	NAV	-18.94				-11.62
	After Tax Held	-19.06				-11.80
	After Tax Sold	-12.32				-9.78
	Market Price	-19.13				-11.63

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 0.00989 0.00989 N.A. N.A. N.A. 6/19/2009 6/23/2009 6/30/2009 0.02759 0.02759 N.A. N.A. N.A. 12/19/2008 12/23/2008 12/31/2008 0.02986 0.02986 N.A. N.A. N.A. 6/20/2008 6/24/2008 6/30/2008 0.01967 0.01967 N.A. N.A. N.A. 12/21/2007 12/26/2007 12/31/2007 0.15885 0.15885 N.A. N.A. N.A. 6/15/2007 6/19/2007 6/29/2007 0.14483 0.14483 N.A. N.A. N.A. 12/15/2006 12/19/2006 12/29/2006 0.00194 0.00194 N.A. N.A. N.A.

Distribution Information

Performance data quoted represents past performance. Past performance is no guarantee of future results. PowerShares Exchange-Traded Fund Trust 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 Small Cap Portfolio's return may not match the return of the Dynamic Small Cap 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 Dynamic Small Cap 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 Dynamic Small Cap Portfolio will fluctuate so that shares, when sold, may be worth more or less than their original cost.

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 Small Cap 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 Small Cap Portfolio shares directly from the Trust in large block creation/redemption units. The PowerShares Dynamic Small Cap 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 S&P SmallCap 600 Index is a market-value weighted index that consists of 600 small-cap U.S. stocks chosen for market size, liquidity and industry group representation. The S&P 500® and the Russell 2000® Index are unmanaged indexes considered representative of the U.S. stock market and smallcap stocks, respectively. The Russell 2000 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 Dynamic Small Cap Portfolio is subject to risks similar to those of stocks, including those regarding short selling and margin account maintenance. Usual brokerage commissions apply.

Intellidex® is a registered trademark of the Amex.

For more information regarding PowerShares Dynamic Small Cap Portfolio or any of the Invesco PowerShares products, please call 800.983.0903.