The PowerShares Global Water Portfolio (PIO) holds a number of companies that generate a significant portion of their revenues in emerging markets. Based on the NASDAQ OMX Global Water Index, PIO invests in companies that create products designed to conserve and purify water for homes, businesses and industries. Both the fund and the index are rebalanced quarterly and reconstituted annually.

1 The Water Project, Inc.,

2 United Nations World Population Prospects: The 2015 Revision, Department of Economic and Social Affairs Population Division, 2015

3 The Worldwatch Institute, State of the World 2013

4 PwC, “Capital project and infrastructure spending: Outlook 2025,” 2015

Important Information

The NASDAQ OMX Global Water Index is designed to track the performance of companies worldwide that are creating products that conserve and purify water for homes, businesses and industries. The index is weighted to enhance the underlying liquidity and increase the tradability of the index components.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The fund’s return may not match the return of the underlying index. The fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the fund.

Investments focused in a particular industry, such as water, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

The risks of investing in securities of foreign issuers, including emerging market issuers, can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.

The performance of an investment concentrated in issuers of a certain region or country is expected to be closely tied to conditions within that region and to be more volatile than more geographically diversified investments.