Sub-Adviser. Invesco Advisers, Inc. Objective. Total return. Portfolio. The PowerShares Active Low Duration Fund (Fund) invests, under normal market conditions, at least 80% of its assets in a portfolio of U.S. government, corporate and agency debt securities. The Fund is limited to 25% of its total assets in non-investment grade securities. Under normal market conditions, the Fund's effective duration, as estimated by the Fund's portfolio managers, will be in the range of zero to three years. The Fund may invest in instruments of any maturity. The Fund will likely average a weighted average effective maturity of less than three years. In implementing its investment strategy, the Fund currently intends to invest in U.S. Treasury futures and may do so with respect to the entire portfolio.

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Date   9/1/2010   Price   25.53   Bid/Ask Midpoint   25.50		NAV   25.48   Bid/Ask Prem/Disc   0.02   Bid/Ask Prem/Disc   0.09%

As of 6/30/2010
	Index History (%)	1 Year	3 Year	5 Year	10 Year	Fund Inceptiona
	Barclays Capital 1-3 Yr US Treasury Index	2.74	4.82	4.25	4.40	2.77
	Barclays Capital US Aggregate Index	9.50	7.55	5.54	6.47	6.38
	Fund History (%)	1 Year	3 Year	5 Year	10 Year	Fund Inceptiona
	NAV	2.46				2.49
	After Tax Held	1.82				1.84
	After Tax Sold	1.59				1.74
	Market Price	3.51				2.53

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 The results assume that no cash was added to or assets withdrawn from the indexes.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 8/13/2010 8/17/2010 8/31/2010 0.02320 0.02320 N.A. N.A. N.A. 7/15/2010 7/19/2010 7/30/2010 0.01592 0.01592 N.A. N.A. N.A. 6/15/2010 6/17/2010 6/30/2010 0.02463 0.02463 N.A. N.A. N.A. 5/14/2010 5/18/2010 5/28/2010 0.03342 0.03342 N.A. N.A. N.A. 4/15/2010 4/19/2010 4/30/2010 0.04207 0.04207 N.A. N.A. N.A. 3/15/2010 3/17/2010 3/31/2010 0.04533 0.04533 N.A. N.A. N.A. 2/12/2010 2/17/2010 2/26/2010 0.04378 0.04378 N.A. N.A. N.A. 1/15/2010 1/20/2010 1/29/2010 0.04699 0.04699 N.A. N.A. N.A. 12/15/2009 12/17/2009 12/31/2009 0.06681 0.06681 N.A. N.A. N.A. 11/13/2009 11/17/2009 11/30/2009 0.02376 0.02376 N.A. N.A. N.A. 10/15/2009 10/19/2009 10/30/2009 0.03113 0.03113 N.A. N.A. N.A. 9/15/2009 9/17/2009 9/30/2009 0.03629 0.03629 N.A. N.A. N.A. 8/14/2009 8/18/2009 8/31/2009 0.03162 0.03162 N.A. N.A. N.A. 7/15/2009 7/17/2009 7/31/2009 0.03010 0.03010 N.A. N.A. N.A. 6/15/2009 6/17/2009 6/30/2009 0.03139 0.03139 N.A. N.A. N.A. 5/15/2009 5/19/2009 5/29/2009 0.01883 0.01883 N.A. N.A. N.A. 4/15/2009 4/17/2009 4/30/2009 0.02388 0.02388 N.A. N.A. N.A. 3/13/2009 3/17/2009 3/31/2009 0.02554 0.02554 N.A. N.A. N.A. 2/13/2009 2/18/2009 2/27/2009 0.04155 0.04155 N.A. N.A. N.A. 1/15/2009 1/20/2009 1/30/2009 0.03916 0.03916 N.A. N.A. N.A. 12/15/2008 12/17/2008 12/31/2008 0.04319 0.04319 N.A. N.A. N.A. 11/14/2008 11/18/2008 11/28/2008 0.04892 0.04892 N.A. N.A. N.A. 10/15/2008 10/17/2008 10/31/2008 0.04982 0.04982 N.A. N.A. N.A. 9/15/2008 9/17/2008 9/30/2008 0.04037 0.04037 N.A. N.A. N.A. 8/15/2008 8/19/2008 8/29/2008 0.02798 0.02798 N.A. N.A. N.A. 7/15/2008 7/17/2008 7/31/2008 0.03189 0.03189 N.A. N.A. N.A. 6/13/2008 6/17/2008 6/30/2008 0.04855 0.04855 N.A. N.A. N.A. 5/15/2008 5/19/2008 5/30/2008 0.08722 0.08722 N.A. N.A. N.A.

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^†Credit ratings are assigned by Nationally Recognized Statistical Rating Organizations based on assessment of the credit worthiness of the underlying bond issuers. The ratings range from AAA (highest) to D (lowest) and are subject to change.

If interest rates fall, issuers may prepay their bonds before their maturity date, and the Fund will likely have to replace a prepaid bond with a lower yielding security, decreasing its net investment income. Securities that are below investment grade carry risks regarding their capacity to pay interest and repay principal, and may be more susceptible to real or perceived adverse economic and competitive industry conditions than higher grade securities. Yields on lower-rated securities will fluctuate. The secondary markets in which lower-rated securities are traded may be less liquid than the market for higher grade securities. Mortgage- and asset-backed securities are subject to prepayment or call risk, which is the risk that payments from the borrower may be received earlier or later than expected due to changes in the rate at which the underlying loans are prepaid. Rates of prepayment may be faster or slower than contemplated by the sub-advisor, which could result in reduced yields, increased volatility and/or reductions in NAV.

The Fund may use enhanced investment techniques such as leveraging and derivatives. Leveraging entails risks such as magnifying changes in the value of the portfolio's securities. The use of leverage may cause a fund to adversely liquidate portfolio positions. Derivatives are subject to counterparty risk—the risk that the other party will not complete the transaction with the fund. The value of derivatives may rise or fall more rapidly than other investments. For some derivatives, it is possible to lose more than the amount invested in the derivative.

The Fund may invest in futures contracts on U.S. Treasury securities to manage interest rate risk. These futures contracts enable the Fund to buy or sell a U.S. Treasury security in the future at an agreed-upon price. The use of futures contracts requires special skills and knowledge of investment techniques that are different than those normally required for purchasing and selling securities. If the Fund enters into a futures contract on U.S. Treasury securities at the wrong time or judges market conditions incorrectly, the use of such derivatives may significantly reduce the Fund's return. The Fund could also experience losses if the U.S. Treasury securities underlying futures contracts are not closely correlated with the securities held by the Fund or if the Fund is unable to close out a position because the market for such derivatives becomes illiquid.

The Fund is nondiversified, which increases the risk that the value of the Fund's shares may vary more widely, and the Fund may be subject to greater investment and credit risk than if they invested more broadly.

The prices of and the income generated by securities held by the Fund may decline in response to market risks. Debt securities prices may decline in a rising interest rate environment. Credit risk is the risk of loss on an investment due to the deterioration of an issuer's financial health.

Certain U.S. government agency securities purchased by the Fund may not be backed by the full faith and credit of the United States and there is a risk that the U.S. government will not provide financial support to these agencies if it is not obligated to do so by law.

Mortgage securities offered by non-governmental issuers may pose additional risks. Dollar roll transactions involve the risk that the market value of securities to be purchased by the Fund may decline below the price at which the Fund is obligated to repurchase the securities, or that the other party may default on its obligation, such that the fund is delayed or prevented from completing the transaction. Reverse repurchase agreements may exaggerate any interim increase or decrease in the value of the Fund's assets. The Fund will earmark liquid assets or establish a segregated account or otherwise cover the transactions that may give rise to such risk.

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.

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.

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 Low Duration 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 Low Duration Fund shares directly from the Trust in large block creation/redemption units. The PowerShares Active Low Duration 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 Barclays Capital 1-3 Year U.S. Treasury Index is an unmanaged index of public obligations of the U.S. Treasury with a remaining maturity of one to three years. The Barclays Capital U.S. Aggregate Index is an unmanaged index considered representative of the U.S. investment-grade, fixed-rate bond market. 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 Low Duration 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 Low Duration Fund or any of the Invesco PowerShares products, please call 800.983.0903.