The PowerShares DWA Emerging Markets Technical Leaders Portfolio (Fund) is based on the Dorsey Wright<FONT size=1 face=InvescoInterstate-Light><FONT size=1 face=InvescoInterstate-Light>R</SUP></FONT></FONT> Emerging Markets Technical Leaders Index (Index). The Fund will normally invest at least 80% of its total assets in securities of emerging economies within Dorsey Wright & Associates classification definition, excluding companies listed on a U.S. stock exchange. The Index includes approximately 100 companies that possess powerful relative strength characteristics and are domiciled in emerging market countries including, but not limited to Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Malaysia, Mexico, Morocco, Pakistan, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey. The Index excludes those companies listed on a U.S. stock exchange. The Fund is rebalanced and reconstituted quarterly.