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POWERSHARES EXCHANGE TRADED FUND TRUST
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2012-08-31
PowerShares International Dividend AchieversTM Portfolio
<p class="MsoNormal" align="center" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal;text-autospace:none"><b><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'> </font></b></p> <p class="MsoNormal" align="center" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal;text-autospace:none"><b><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'> </font></b></p> <p class="MsoNormal" align="center" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal;text-autospace:none"><b><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'>POWERSHARES EXCHANGE-TRADED FUND TRUST</font></b></p> <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:6.0pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none"><b><font style='font-size:10.0pt; font-family:"Times New Roman","serif"'>SUPPLEMENT DATED DECEMBER 28, 2012 TO THE<br /> PROSPECTUS DATED AUGUST 31, 2012 OF:</font></b></p> <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:6.0pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none"><font style='font-size:12.0pt; font-family:"Times New Roman","serif"'> </font></p> <p class="MsoNoSpacing" align="center" style="margin-bottom:.0001pt;margin:0in;font-size:11.0pt;font-family:'calibri','sans-serif';text-align:center"><font style='font-family:"Times New Roman","serif"'>PowerShares Buyback Achievers<sup><font style='font-size:7.5pt'>TM</font></sup> Portfolio<br /> PowerShares Dividend Achievers<sup><font style='font-size:7.5pt'>TM</font></sup> Portfolio</font></p> <p class="MsoNoSpacing" align="center" style="margin-bottom:.0001pt;margin:0in;font-size:11.0pt;font-family:'calibri','sans-serif';text-align:center"><font style='font-family:"Times New Roman","serif"'>PowerShares High Yield Equity Dividend Achievers<sup><font style='font-size:7.5pt'>TM</font></sup> Portfolio<br /> PowerShares International Dividend Achievers<sup><font style='font-size:7.5pt'>TM</font></sup> Portfolio</font></p> <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:6.0pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none"><font style='font-size:9.0pt; font-family:"Times New Roman","serif"'> </font></p> <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:12.0pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none"><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'>The NASDAQ OMX Group, Inc. has replaced Mergent</font><sup><font style='font-size: 7.5pt;font-family:"Times New Roman","serif"'>®</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'>, Inc. (“Mergent”) as the index provider for the following indexes (each, an “Underlying Index”): (i) the Share Buyback Achievers</font><sup><font style='font-size:7.5pt; font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size: 9.0pt;font-family:"Times New Roman","serif"'> Index, the underlying index of the PowerShares Buyback Achievers</font><sup><font style='font-size:7.5pt; font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size: 9.0pt;font-family:"Times New Roman","serif"'> Portfolio; (ii) Broad Dividend Achievers</font><sup><font style='font-size:7.5pt;font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'> Index, the underlying index of the PowerShares Dividend Achievers</font><sup><font style='font-size:7.5pt;font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'> Portfolio; (iii) Mergent Dividend Achievers</font><sup><font style='font-size:7.5pt;font-family: "Times New Roman","serif"'>TM</font></sup><font style='font-size:9.0pt; font-family:"Times New Roman","serif"'> 50 Index, the underlying index of the PowerShares High Yield Equity Dividend Achievers</font><sup><font style='font-size:7.5pt;font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'> Portfolio; and (iv) International Dividend Achievers</font><sup><font style='font-size:7.5pt; font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size: 9.0pt;font-family:"Times New Roman","serif"'> Index, the underlying index of the PowerShares International Dividend Achievers</font><sup><font style='font-size:7.5pt;font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'> Portfolio. Neither the name of any Underlying Index, nor the methodology by which it is formulated, will change.</font></p> <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:12.0pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none"><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'>Effective immediately, the Prospectus is changed as follows:</font></p> <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:12.0pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none"><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'>• All references to Mergent</font><sup><font style='font-size:7.5pt;font-family:"Times New Roman","serif"'>®</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'>, Inc. are deleted and replaced with the NASDAQ OMX Group, Inc.</font></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;margin-bottom:10.0pt;line-height:115%;font-size:11.0pt;font-family:'calibri','sans-serif';"> </p>
PID
PowerShares Dividend AchieversTM Portfolio
<p class="MsoNormal" align="center" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal;text-autospace:none"><b><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'> </font></b></p> <p class="MsoNormal" align="center" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal;text-autospace:none"><b><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'> </font></b></p> <p class="MsoNormal" align="center" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal;text-autospace:none"><b><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'>POWERSHARES EXCHANGE-TRADED FUND TRUST</font></b></p> <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:6.0pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none"><b><font style='font-size:10.0pt; font-family:"Times New Roman","serif"'>SUPPLEMENT DATED DECEMBER 28, 2012 TO THE<br /> PROSPECTUS DATED AUGUST 31, 2012 OF:</font></b></p> <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:6.0pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none"><font style='font-size:12.0pt; font-family:"Times New Roman","serif"'> </font></p> <p class="MsoNoSpacing" align="center" style="margin-bottom:.0001pt;margin:0in;font-size:11.0pt;font-family:'calibri','sans-serif';text-align:center"><font style='font-family:"Times New Roman","serif"'>PowerShares Buyback Achievers<sup><font style='font-size:7.5pt'>TM</font></sup> Portfolio<br /> PowerShares Dividend Achievers<sup><font style='font-size:7.5pt'>TM</font></sup> Portfolio</font></p> <p class="MsoNoSpacing" align="center" style="margin-bottom:.0001pt;margin:0in;font-size:11.0pt;font-family:'calibri','sans-serif';text-align:center"><font style='font-family:"Times New Roman","serif"'>PowerShares High Yield Equity Dividend Achievers<sup><font style='font-size:7.5pt'>TM</font></sup> Portfolio<br /> PowerShares International Dividend Achievers<sup><font style='font-size:7.5pt'>TM</font></sup> Portfolio</font></p> <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:6.0pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none"><font style='font-size:9.0pt; font-family:"Times New Roman","serif"'> </font></p> <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:12.0pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none"><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'>The NASDAQ OMX Group, Inc. has replaced Mergent</font><sup><font style='font-size: 7.5pt;font-family:"Times New Roman","serif"'>®</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'>, Inc. (“Mergent”) as the index provider for the following indexes (each, an “Underlying Index”): (i) the Share Buyback Achievers</font><sup><font style='font-size:7.5pt; font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size: 9.0pt;font-family:"Times New Roman","serif"'> Index, the underlying index of the PowerShares Buyback Achievers</font><sup><font style='font-size:7.5pt; font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size: 9.0pt;font-family:"Times New Roman","serif"'> Portfolio; (ii) Broad Dividend Achievers</font><sup><font style='font-size:7.5pt;font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'> Index, the underlying index of the PowerShares Dividend Achievers</font><sup><font style='font-size:7.5pt;font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'> Portfolio; (iii) Mergent Dividend Achievers</font><sup><font style='font-size:7.5pt;font-family: "Times New Roman","serif"'>TM</font></sup><font style='font-size:9.0pt; font-family:"Times New Roman","serif"'> 50 Index, the underlying index of the PowerShares High Yield Equity Dividend Achievers</font><sup><font style='font-size:7.5pt;font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'> Portfolio; and (iv) International Dividend Achievers</font><sup><font style='font-size:7.5pt; font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size: 9.0pt;font-family:"Times New Roman","serif"'> Index, the underlying index of the PowerShares International Dividend Achievers</font><sup><font style='font-size:7.5pt;font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'> Portfolio. Neither the name of any Underlying Index, nor the methodology by which it is formulated, will change.</font></p> <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:12.0pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none"><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'>Effective immediately, the Prospectus is changed as follows:</font></p> <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:12.0pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none"><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'>• All references to Mergent</font><sup><font style='font-size:7.5pt;font-family:"Times New Roman","serif"'>®</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'>, Inc. are deleted and replaced with the NASDAQ OMX Group, Inc.</font></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;margin-bottom:10.0pt;line-height:115%;font-size:11.0pt;font-family:'calibri','sans-serif';"> </p>
PFM
PowerShares High Yield Equity Dividend AchieversTM Portfolio
<p class="MsoNormal" align="center" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal;text-autospace:none"><b><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'> </font></b></p> <p class="MsoNormal" align="center" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal;text-autospace:none"><b><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'>POWERSHARES EXCHANGE-TRADED FUND TRUST</font></b></p> <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:6.0pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none"><b><font style='font-size:10.0pt; font-family:"Times New Roman","serif"'>SUPPLEMENT DATED DECEMBER 28, 2012 TO THE<br /> PROSPECTUS DATED AUGUST 31, 2012 OF:</font></b></p> <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:6.0pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none"><font style='font-size:12.0pt; font-family:"Times New Roman","serif"'> </font></p> <p class="MsoNoSpacing" align="center" style="margin-bottom:.0001pt;margin:0in;font-size:11.0pt;font-family:'calibri','sans-serif';text-align:center"><font style='font-family:"Times New Roman","serif"'>PowerShares Buyback Achievers<sup><font style='font-size:7.5pt'>TM</font></sup> Portfolio<br /> PowerShares Dividend Achievers<sup><font style='font-size:7.5pt'>TM</font></sup> Portfolio</font></p> <p class="MsoNoSpacing" align="center" style="margin-bottom:.0001pt;margin:0in;font-size:11.0pt;font-family:'calibri','sans-serif';text-align:center"><font style='font-family:"Times New Roman","serif"'>PowerShares High Yield Equity Dividend Achievers<sup><font style='font-size:7.5pt'>TM</font></sup> Portfolio<br /> PowerShares International Dividend Achievers<sup><font style='font-size:7.5pt'>TM</font></sup> Portfolio</font></p> <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:6.0pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none"><font style='font-size:9.0pt; font-family:"Times New Roman","serif"'> </font></p> <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:12.0pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none"><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'>The NASDAQ OMX Group, Inc. has replaced Mergent</font><sup><font style='font-size: 7.5pt;font-family:"Times New Roman","serif"'>®</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'>, Inc. (“Mergent”) as the index provider for the following indexes (each, an “Underlying Index”): (i) the Share Buyback Achievers</font><sup><font style='font-size:7.5pt; font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size: 9.0pt;font-family:"Times New Roman","serif"'> Index, the underlying index of the PowerShares Buyback Achievers</font><sup><font style='font-size:7.5pt; font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size: 9.0pt;font-family:"Times New Roman","serif"'> Portfolio; (ii) Broad Dividend Achievers</font><sup><font style='font-size:7.5pt;font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'> Index, the underlying index of the PowerShares Dividend Achievers</font><sup><font style='font-size:7.5pt;font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'> Portfolio; (iii) Mergent Dividend Achievers</font><sup><font style='font-size:7.5pt;font-family: "Times New Roman","serif"'>TM</font></sup><font style='font-size:9.0pt; font-family:"Times New Roman","serif"'> 50 Index, the underlying index of the PowerShares High Yield Equity Dividend Achievers</font><sup><font style='font-size:7.5pt;font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'> Portfolio; and (iv) International Dividend Achievers</font><sup><font style='font-size:7.5pt; font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size: 9.0pt;font-family:"Times New Roman","serif"'> Index, the underlying index of the PowerShares International Dividend Achievers</font><sup><font style='font-size:7.5pt;font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'> Portfolio. Neither the name of any Underlying Index, nor the methodology by which it is formulated, will change.</font></p> <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:12.0pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none"><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'>Effective immediately, the Prospectus is changed as follows:</font></p> <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:12.0pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none"><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'>• All references to Mergent</font><sup><font style='font-size:7.5pt;font-family:"Times New Roman","serif"'>®</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'>, Inc. are deleted and replaced with the NASDAQ OMX Group, Inc.</font></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;margin-bottom:10.0pt;line-height:115%;font-size:11.0pt;font-family:'calibri','sans-serif';"> </p>
PEY
PowerShares Buyback AchieversTM Portfolio
<p class="MsoNormal" align="center" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal;text-autospace:none"><b><font style='font-size:10.0pt;font-family:"Times New Roman","serif"'>POWERSHARES EXCHANGE-TRADED FUND TRUST</font></b></p> <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:6.0pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none"><b><font style='font-size:10.0pt; font-family:"Times New Roman","serif"'>SUPPLEMENT DATED DECEMBER 28, 2012 TO THE<br /> PROSPECTUS DATED AUGUST 31, 2012 OF:</font></b></p> <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:6.0pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none"><font style='font-size:12.0pt; font-family:"Times New Roman","serif"'> </font></p> <p class="MsoNoSpacing" align="center" style="margin-bottom:.0001pt;margin:0in;font-size:11.0pt;font-family:'calibri','sans-serif';text-align:center"><font style='font-family:"Times New Roman","serif"'>PowerShares Buyback Achievers<sup><font style='font-size:7.5pt'>TM</font></sup> Portfolio<br /> PowerShares Dividend Achievers<sup><font style='font-size:7.5pt'>TM</font></sup> Portfolio</font></p> <p class="MsoNoSpacing" align="center" style="margin-bottom:.0001pt;margin:0in;font-size:11.0pt;font-family:'calibri','sans-serif';text-align:center"><font style='font-family:"Times New Roman","serif"'>PowerShares High Yield Equity Dividend Achievers<sup><font style='font-size:7.5pt'>TM</font></sup> Portfolio<br /> PowerShares International Dividend Achievers<sup><font style='font-size:7.5pt'>TM</font></sup> Portfolio</font></p> <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:6.0pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none"><font style='font-size:9.0pt; font-family:"Times New Roman","serif"'> </font></p> <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:12.0pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none"><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'>The NASDAQ OMX Group, Inc. has replaced Mergent</font><sup><font style='font-size: 7.5pt;font-family:"Times New Roman","serif"'>®</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'>, Inc. (“Mergent”) as the index provider for the following indexes (each, an “Underlying Index”): (i) the Share Buyback Achievers</font><sup><font style='font-size:7.5pt; font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size: 9.0pt;font-family:"Times New Roman","serif"'> Index, the underlying index of the PowerShares Buyback Achievers</font><sup><font style='font-size:7.5pt; font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size: 9.0pt;font-family:"Times New Roman","serif"'> Portfolio; (ii) Broad Dividend Achievers</font><sup><font style='font-size:7.5pt;font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'> Index, the underlying index of the PowerShares Dividend Achievers</font><sup><font style='font-size:7.5pt;font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'> Portfolio; (iii) Mergent Dividend Achievers</font><sup><font style='font-size:7.5pt;font-family: "Times New Roman","serif"'>TM</font></sup><font style='font-size:9.0pt; font-family:"Times New Roman","serif"'> 50 Index, the underlying index of the PowerShares High Yield Equity Dividend Achievers</font><sup><font style='font-size:7.5pt;font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'> Portfolio; and (iv) International Dividend Achievers</font><sup><font style='font-size:7.5pt; font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size: 9.0pt;font-family:"Times New Roman","serif"'> Index, the underlying index of the PowerShares International Dividend Achievers</font><sup><font style='font-size:7.5pt;font-family:"Times New Roman","serif"'>TM</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'> Portfolio. Neither the name of any Underlying Index, nor the methodology by which it is formulated, will change.</font></p> <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:12.0pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none"><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'>Effective immediately, the Prospectus is changed as follows:</font></p> <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:12.0pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none"><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'>• All references to Mergent</font><sup><font style='font-size:7.5pt;font-family:"Times New Roman","serif"'>®</font></sup><font style='font-size:9.0pt;font-family:"Times New Roman","serif"'>, Inc. are deleted and replaced with the NASDAQ OMX Group, Inc.</font></p> <p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-left:0in;margin-bottom:10.0pt;line-height:115%;font-size:11.0pt;font-family:'calibri','sans-serif';"> </p>
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