The PowerShares NXQ Portfolio (Fund) is based on the NASDAQ Q-50 Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index. The Index is designed to track the performance of the 50 securities that are next in line to replace the securities currently included in the NASDAQ-100. The Index reflects companies across major, non-financial industry groups and is rebalanced quarterly.

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Literature:  Prospectus | Fact Sheet | Investor Guide

Links:   Fund Holdings | Interactive Charting | Download Historical NAVs

Date   9/1/2010   Price   26.22   Bid/Ask Midpoint   26.22		NAV   26.24   Bid/Ask Prem/Disc   -0.02   Bid/Ask Prem/Disc   -0.07%

As of 6/30/2010
	Index History (%)	1 Year	3 Year	5 Year	10 Year	Fund Inceptiona
	NASDAQ Q-50 Index	31.60				-2.11
	NASDAQ-100 Index	18.52				-0.43
	S&P 500 Index	14.43				-8.36
	Fund History (%)	1 Year	3 Year	5 Year	10 Year	Fund Inceptiona
	NAV	32.33				-2.34
	After Tax Held	32.33				-2.38
	After Tax Sold	21.02				-2.01
	Market Price	32.62				-1.93

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 The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index 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 12/19/2008 12/23/2008 12/31/2008 0.02563 0.02563 N.A. N.A. N.A. 6/20/2008 6/24/2008 6/30/2008 0.02563 0.02563 N.A. N.A. N.A.

Distribution Information

Performance data quoted represents past performance. As stated in the Fund's prospectus, the expense ratio of 0.70% is expressed as a unitary fee to cover expenses incurred in connection with managing the portfolio. Past performance is no guarantee of future results. PowerShares Exchange-Traded Fund Trust II portfolios are not actively managed and are subject to risk similar to stocks, including those related to short selling and margin maintenance. The PowerShares NXQ Portfolio's return may not match the return of the NASDAQ Q-50 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 NASDAQ Q-50 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 decrease in value more or less in correlation with increases or decreases in value of the NASDAQ Q-50 Index. The Fund invests in the securities of non-U.S. issuers and is concentrated in a single industry which involves substantially greater risk of loss and price fluctuations than an investment in U.S. securities or diversified across multiple industries or sector segments, respectively. 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 NXQ Portfolio will fluctuate so that shares, when sold, may be worth more or less than their original cost.

The Fund's return may not match the return of the NASDAQ Q-50 Index for a number of reasons. For example, the Fund incurs a number of operating expenses not applicable to the NASDAQ Q-50 Index, and incurs costs in buying and selling securities, especially when rebalancing the Fund's securities holdings to reflect changes in composition of the NASDAQ Q-50 Index.

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. If the Fund utilizes a sampling approach or futures or other derivative positions, its return may not correlate as well with the return on the NASDAQ Q-50 Index, as would be the case if it purchased all the stocks in the NASDAQ Q-50 Index, with the same weightings as the NASDAQ Q-50 Index.

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 NXQ 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 NXQ Portfolio shares directly from the Trust in large block creation/redemption units. The PowerShares NXQ Portfolio are 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 NASDAQ-100 Index includes 100 of the largest domestic and international nonfinancial securities listed on The Nasdaq Stock Market based on market capitalization. The S&P 500® Index is an unmanaged index considered representative of the U.S. stock 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 NXQ Portfolio 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 NXQ Portfolio or any of the Invesco PowerShares products, please call 800.983.0903.