The PowerShares DWA Developed 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> Developed Markets Technical Leaders Index (Index). The Fund will normally invest at least 80% of its total assets in securities of developed economies within Dorsey Wright & Associates classification definition, excluding U.S. companies listed on a U.S. stock exchange. This Index includes approximately 100 companies that possess powerful relative strength characteristics and are domiciled in developed markets including, but not limited to Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom. The Index excludes U.S. companies listed on a U.S. stock exchange. The Fund is rebalanced and reconstituted quarterly.