0001378872 2012-09-06 2012-09-06 0001378872 ck0001378872:P0001-S000019231Member ck0001378872:S000019231Member 2012-09-06 2012-09-06 Other 2012-09-06 PowerShares Exchange-Traded Fund Trust II 0001378872 false 2012-09-06 2012-09-06 2012-03-01 PowerShares International Corporate Bond Portfolio <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:11.25pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">SUPPLEMENT DATED SEPTEMBER 6, 2012 TO THE PROSPECTUS DATED MARCH 1, 2012 OF: <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:11.25pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">PowerShares 1-30 Laddered Treasury Portfolio PowerShares Build America Bond Portfolio PowerShares CEF Income Composite Portfolio PowerShares Chinese Yuan Dim Sum Bond Portfolio PowerShares Convertible Securities Portfolio PowerShares Emerging Markets Sovereign Debt Portfolio PowerShares Fundamental High Yield® Corporate Bond Portfolio PowerShares Fundamental Investment Grade Corporate Bond Portfolio PowerShares Insured California Municipal Bond Portfolio PowerShares Insured National Municipal Bond Portfolio PowerShares Insured New York Municipal Bond Portfolio PowerShares International Corporate Bond Portfolio PowerShares Preferred Portfolio PowerShares Senior Loan Portfolio PowerShares VRDO Tax-Free Weekly Portfolio <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:11.25pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none">On September 28, 2012, the methodology by which S&P International Corporate Bond Index®, the underlying index for the PowerShares International Corporate Bond Portfolio, is formulated will change. Accordingly, the following changes to the prospectus are made effective on that date: •  On page 65, the second and third sentences in the first paragraph under the section titled "PowerShares International Corporate Bond Portfolio—Summary Information—Principal Investment Strategies" are hereby deleted and replaced with the following: The Underlying Index measures the performance of investment grade corporate bonds issued in the following currencies of Group of Ten ("G10") countries, excluding the U.S. Dollar (USD): Australia Dollar (AUD), British Pound (GBP), Canadian Dollar (CAD), Euro (EUR), Japanese Yen (JPY), New Zealand Dollar (NZD), Norwegian Krone (NOK), Swedish Krona (SEK) and Swiss Franc (SFR). Standard & Poor's (the "Index Provider") constructs the Underlying Index from investment grade corporate bonds denominated in the currencies noted above. Please Retain This Supplement For Future Reference.