UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

Filed by the Registrant x

Filed by a Party other than the Registrant o

Check the appropriate box:
o	Preliminary Proxy Statement
o	Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
o	Definitive Proxy Statement
x	Definitive Additional Materials
o	Soliciting Material under §240.14a-12

POWERSHARES EXCHANGE-TRADED FUND TRUST II
(Name of Registrant as Specified In Its Charter)


(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):
x	No fee required.
o	Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
	(1)		Title of each class of securities to which transaction applies:

	(2)		Aggregate number of securities to which transaction applies:

	(3)		Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):

	(4)		Proposed maximum aggregate value of transaction:

	(5)		Total fee paid:

o	Fee paid previously with preliminary materials.
o	Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
	(1)	Amount Previously Paid:

	(2)	Form, Schedule or Registration Statement No.:

	(3)	Filing Party:

	(4)	Date Filed:

Proxy Voting Information

Proxy statements were mailed on or about May 20, 2013 to shareholders of record as of the close of business on April 22, 2013 of PowerShares Exchange-Traded Fund Trust II (the “Trust”) with respect to each of its portfolios (each, a “Fund”). The purpose of the proxy statement is to approve the election of eight (8) trustees to the Board of Trustees of the Trust and to approve changes to the fundamental investment policy of each of PowerShares Insured California Municipal Bond Portfolio, PowerShares Insured National Municipal Bond Portfolio and PowerShares Insured New York Municipal Bond Portfolio. The proxy statement contains disclosure information about the proposal(s) for which votes or voting instructions have been solicited. You can also access your Fund’s proxy statement, common questions regarding your Fund’s proposal(s), annual report, and semi-annual report by clicking on the Fund name listed below.

How to vote

You may cast your vote by any of the following methods. However you choose to vote, it is important that you vote now to save the expense of additional solicitations.

By Internet

You may vote your shares at www.proxyvote.com.

Enter your 12 digit control number listed on the proxy card you received in the mail and follow the instructions on the web site.

By Telephone

Call the toll-free number listed on your proxy card.

Enter the control number listed on the proxy card and follow the recorded instructions.

By Mail

Complete and sign the proxy card and return it in the postage-paid envelope provided in the shareholder mailing.

In Person

The shareholder meeting for shareholders of the Trust will be held on June 20, 2013 at 3:00 p.m. CT.

Please notify Invesco at 1.800.952.3502 if you plan to attend the meeting.

If you have any questions...

If you have questions on the proxy statement or the voting process, please contact your financial consultant or call Invesco PowerShares toll-free at 1.800.983.0903 selecting option 2 any business day between 8:00 a.m. and 5:00 p.m. CT.

If we have not received your proxy card after a reasonable amount of time, a representative from our proxy solicitation firm, Computershare Fund Services, may contact you to remind you to exercise your right to vote.

PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC (Invesco PowerShares). Invesco PowerShares and Invesco Distributors, Inc. are indirect, wholly owned subsidiaries of Invesco Ltd.

Invesco Distributors, Inc. is the distributor of the PowerShares Exchange-Traded Fund Trust, the PowerShares Exchange-Traded Fund Trust II, the PowerShares India Exchange-Traded Fund Trust and the PowerShares Actively Managed Exchange-Traded Fund Trust.

ALPS Distributors, Inc. is the distributor of PowerShares QQQ, BLDRS Funds and PowerShares DB Funds. PowerShares QQQ and BLDRS Funds are unit investment trusts.

Invesco PowerShares and Invesco Distributors, Inc. are not affiliated with ALPS Distributors, Inc.

PowerShares DB ETNs are senior unsecured obligations issued by Deutsche Bank AG, London Branch. Certain marketing services may be provided for these products by Invesco Distributors, Inc. or its affiliate, Invesco PowerShares Capital Management LLC. Neither firm is affiliated with Deutsche Bank.

Certain marketing services may be provided for the DB ETNS and DB ETFs by Invesco Distributors, Inc. or its affiliate, Invesco PowerShares Capital Management LLC. Invesco Distributors, Inc. will be compensated by Deutsche Bank or its affiliates for providing these marketing services. Neither Invesco Distributors, Inc. nor Invesco PowerShares is affiliated with Deutsche Bank.

Shares are not individually redeemable, and owners of the Shares may acquire those Shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations only, typically consisting of 50,000, 75,000, 100,000 or 200,000 Shares.

Proxy Information by Fund

PowerShares 1-30 Laddered Treasury Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares Build America Bond Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares CEF Income Composite Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares Chinese Yuan Dim Sum Bond Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares DWA Developed Markets Technical Leaders Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares DWA Emerging Markets Technical Leaders Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares DWA SmallCap Technical Leaders™ Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares Emerging Markets Infrastructure Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares Emerging Markets Sovereign Debt Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares FTSE RAFI Asia Pacific ex-Japan Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares FTSE RAFI Emerging Markets Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares Fundamental High Yield® Corporate Bond Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares Fundamental Investment Grade Corporate Bond Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares Global Agriculture Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares Global Clean Energy Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares Global Gold and Precious Metals Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares Global Water Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares Insured California Municipal Bond Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares Insured National Municipal Bond Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares Insured New York Municipal Bond Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares International Corporate Bond Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares KBW Bank Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares KBW Capital Markets Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares KBW High Dividend Yield Financial Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares KBW Insurance Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares KBW International Financial Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares KBW Premium Yield Equity REIT Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares KBW Property & Casualty Insurance Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares KBW Regional Banking Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares MENA Frontier Countries Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares Preferred Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares S&P 500® High Beta Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares S&P 500® High Dividend Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares S&P 500® Low Volatility Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares S&P Emerging Markets High Beta Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares S&P Emerging Markets Low Volatility Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares S&P International Developed High Beta Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares S&P International Developed High Quality Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares S&P International Developed Low Volatility Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares S&P SmallCap Consumer Discretionary Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares S&P SmallCap Consumer Staples Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares S&P SmallCap Energy Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares S&P SmallCap Financials Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares S&P SmallCap Health Care Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares S&P SmallCap Industrials Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares S&P SmallCap Information Technology Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares S&P SmallCap Materials Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares S&P SmallCap Utilities Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares S&P SmallCap Low Volatility Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares S&P MidCap Low Volatility Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares Senior Loan Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

PowerShares VRDO Tax-Free Weekly Portfolio

1. Please read the proxy statement in full. (PDF)

2. Access some typical questions that shareholders may have regarding the proxy statement. (PDF)

3. You may vote your shares at www.proxyvote.com

Additional Fund Materials

· Prospectus

· Annual Report/Semi Annual Report

ALPS Distributors, Inc. is the distributor of PowerShares QQQ, BLDRS Funds and PowerShares DB Funds. PowerShares QQQ and BLDRS Funds are unit investment trusts.

Invesco PowerShares and Invesco Distributors, Inc. are not affiliated with ALPS Distributors, Inc.

QUESTIONS & ANSWERS FOR:

PowerShares 1-30 Laddered Treasury Portfolio

PowerShares Build America Bond Portfolio

PowerShares CEF Income Composite Portfolio

PowerShares Chinese Yuan Dim Sum Bond Portfolio

PowerShares DWA Developed Markets Technical Leaders Portfolio

PowerShares DWA Emerging Markets Technical Leaders Portfolio

PowerShares DWA SmallCap Technical LeadersTM Portfolio

PowerShares Emerging Markets Infrastructure Portfolio

PowerShares Emerging Markets Sovereign Debt Portfolio

PowerShares FTSE RAFI Asia Pacific ex-Japan Portfolio

PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio

PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio

PowerShares FTSE RAFI Emerging Markets Portfolio

PowerShares Fundamental High Yield® Corporate Bond Portfolio

PowerShares Fundamental Investment Grade Corporate Bond Portfolio

PowerShares Global Agriculture Portfolio

PowerShares Global Clean Energy Portfolio

PowerShares Global Gold and Precious Metals Portfolio

PowerShares Global Water Portfolio

PowerShares International Corporate Bond Portfolio

PowerShares KBW Bank Portfolio

PowerShares KBW Capital Markets Portfolio

PowerShares KBW High Dividend Yield Financial Portfolio

PowerShares KBW Insurance Portfolio

PowerShares KBW International Financial Portfolio

PowerShares KBW Premium Yield Equity REIT Portfolio

PowerShares KBW Property & Casualty Insurance Portfolio

PowerShares KBW Regional Banking Portfolio

PowerShares MENA Frontier Countries Portfolio

PowerShares Preferred Portfolio

PowerShares S&P 500® High Beta Portfolio

PowerShares S&P 500® High Dividend Portfolio

PowerShares S&P 500® Low Volatility Portfolio

PowerShares S&P Emerging Markets High Beta Portfolio

PowerShares S&P Emerging Markets Low Volatility Portfolio

PowerShares S&P International Developed High Beta Portfolio

PowerShares S&P International Developed High Quality Portfolio

PowerShares S&P International Developed Low Volatility Portfolio

PowerShares S&P SmallCap Consumer Discretionary Portfolio

PowerShares S&P SmallCap Consumer Staples Portfolio

PowerShares S&P SmallCap Energy Portfolio

PowerShares S&P SmallCap Financials Portfolio

PowerShares S&P SmallCap Health Care Portfolio

PowerShares S&P SmallCap Industrials Portfolio

PowerShares S&P SmallCap Information Technology Portfolio

PowerShares S&P SmallCap Materials Portfolio

PowerShares S&P SmallCap Utilities Portfolio

PowerShares S&P SmallCap Low Volatility Portfolio

PowerShares S&P MidCap Low Volatility Portfolio

PowerShares Senior Loan Portfolio

PowerShares VRDO Tax-Free Weekly Portfolio

We encourage you to read the proxy statement in full; however, the following represent some typical questions that shareholders may have regarding the proxy statement.

HOW DO I VOTE?

Voting may take place in the following ways:

· You may vote your shares at www.proxyvote.com. You will need your 12 digit control number from your proxy card to vote on the Internet. Because Internet voting is the most economical way to vote your proxy, we encourage all shareholders to use this method.

· You may call in your vote to a 24-hour automated system at 1-800-454-8683. You will need the control number from your proxy card to vote by telephone. For questions or for assistance with voting you may call 1-866-865-5978; you will be asked to verify your identity by providing certain information such as your current address and ZIP code.

· You may indicate your vote on the proxy card and return it in the postage-paid envelope mailed to you with this proxy statement.

· If you do attend the meeting, you may vote your shares in person. Please notify us by calling 1-800-952-3502 if you plan to attend the meeting.

HOW DOES THE BOARD RECOMMEND THAT I VOTE?

The Board recommends that you vote FOR the proposal.

WHY SHOULD I VOTE?

Every vote is important. If shareholders fail to vote their proxies, the Fund may not receive enough votes to go forward with the June 20, 2013 shareholder meeting. If this happens, additional solicitations may have to be made to obtain a quorum, or proxies may have to be resent to shareholders.

WHO HAVE WE CONTRACTED FOR THE SERVICES OF A PROXY SOLICITOR?

We have hired Computershare Fund Services as the Trust’s proxy solicitor. If we do not receive your vote after a reasonable amount of time, you may receive a telephone call from them reminding you to vote your shares.

WILL MY VOTE BE CONFIDENTIAL USING THE ONLINE PROXY VOTING SYSTEM?

The Web proxy voting system offered by proxyvote.com maintains a high level of security to ensure the confidentiality of your vote. For more information on the specific security features of the Web proxy voting system, please visit http://www.broadridge.com/privacy/english.

HOW DO I SIGN THE PROXY CARD?

Please sign exactly as your name appears on the proxy card.

WHAT IS THE DEADLINE FOR VOTING?

All votes must be received before or at the shareholder meeting, which will be held on June 20, 2013 at 3:00 p.m. Central time.

WHAT IS THE PROPOSAL BEING PRESENTED AT THE MEETING AND WHAT AM I BEING ASKED TO VOTE ON?

· To elect eight (8) trustees of the Board of Trustees of the Trust.

WHERE CAN I FIND MORE INFORMATION CONCERNING THE PROPOSAL?

Further details about the proposal can be found in the proxy statement.

QUESTIONS & ANSWERS FOR:

PowerShares Insured California Municipal Bond Portfolio
PowerShares Insured National Municipal Bond Portfolio
PowerShares Insured New York Municipal Bond Portfolio

We encourage you to read the proxy statement in full; however, the following represent some typical questions that shareholders may have regarding the proxy statement.

HOW DO I VOTE?

Voting may take place in the following ways:

· You may indicate your vote on the proxy card and return it in the postage-paid envelope mailed to you with this proxy statement.

· If you do attend the meeting, you may vote your shares in person. Please notify us by calling 1-800-952-3502 if you plan to attend the meeting.

HOW DOES THE BOARD RECOMMEND THAT I VOTE?

The Board recommends that you vote FOR the proposals.

WHY SHOULD I VOTE?

WHO HAVE WE CONTRACTED FOR THE SERVICES OF A PROXY SOLICITOR?

WILL MY VOTE BE CONFIDENTIAL USING THE ONLINE PROXY VOTING SYSTEM?

HOW DO I SIGN THE PROXY CARD?

Please sign exactly as your name appears on the proxy card.

WHAT IS THE DEADLINE FOR VOTING?

All votes must be received before or at the shareholder meeting, which will be held on June 20, 2013 at 3:00 p.m. Central time.

WHAT ARE THE PROPOSALS BEING PRESENTED AT THE MEETING AND WHAT AM I BEING ASKED TO VOTE ON?

· To elect eight (8) trustees of the Board of Trustees of the Trust.

Thank you for calling Invesco.

If you have questions regarding the Invesco Retail Funds Shareholder Meeting Press 1.

If you plan to attend the Invesco Retail Funds Shareholder Meeting Press 2.

If you plan to attend the PowerShares Shareholder Meeting Press 3.

OPTION 1	Thank you for calling Invesco. You are now being routed to the client services phone queue.

OPTION 2	Thank you for planning to attend the upcoming Joint Special Meeting of Shareholders for the Invesco Retail Funds which has been adjourned until 10:00 a.m. Central Time on July 2, 2013.

	Please press 1 then state your full name and the number of persons that will be attending the meeting.

	Again thank you for calling Invesco.

OPTION 3	Thank you for planning to attend the upcoming Shareholder Meeting which is currently scheduled for 3:00 p.m. Central Time on June 20, 2013.

	Please press 1 then state your full name and the number of persons that will be attending the meeting.

	Again thank you for calling PowerShares.