0001378872 2013-01-02 2013-01-02 0001378872 ck0001378872:S000033429Member ck0001378872:C000102793Member 2013-01-02 2013-01-02 0001378872 ck0001378872:P0001-S000033429Member ck0001378872:S000033429Member 2013-01-02 2013-01-02 0001378872 ck0001378872:S000019230Member ck0001378872:C000053051Member 2013-01-02 2013-01-02 0001378872 ck0001378872:P0001-S000019230Member ck0001378872:S000019230Member 2013-01-02 2013-01-02 Other 2013-01-02 PowerShares Exchange-Traded Fund Trust II 0001378872 false 2013-01-02 2013-01-02 2012-03-01 PowerShares Fundamental High Yield® Corporate Bond 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">  <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">POWERSHARES EXCHANGE-TRADED FUND TRUST II <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">SUPPLEMENT DATED JANUARY 2, 2013 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:6.0pt;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:12.0pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none">Effective December 31, 2012, Research Affiliates, LLC changed the names of the RAFI® High Yield Bond Index and the RAFI® Investment Grade Bond Index (each, an "Underlying Index"), which are the underlying indexes of the PowerShares Fundamental High Yield® Corporate Bond Portfolio and the PowerShares Fundamental Investment Grade Corporate Bond Portfolio, respectively. As of that date, the RAFI® High Yield Bond Index became known as the RAFI® Bonds US High Yield 1-10 Index, and the RAFI® Investment Grade Bond Index became known as the RAFI® Bonds US Investment Grade 1-10 Index. There was no change to the methodology of either Underlying Index. <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">As a result, effective as of that date, the Prospectus is changed as follows: <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">•  All references to the RAFI® High Yield Bond Index are deleted and replaced with the following: <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">  RAFI® Bonds US High Yield 1-10 Index   <p class="MsoNormal" align="center" 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;text-align:center; line-height:normal;text-autospace:none">Please Retain This Supplement For Future Reference. <p class="MsoNormal" align="center" 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;text-align:center; line-height:normal;text-autospace:none">    PHB PowerShares Fundamental Investment Grade Corporate Bond 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">POWERSHARES EXCHANGE-TRADED FUND TRUST II <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">SUPPLEMENT DATED JANUARY 2, 2013 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:6.0pt;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:12.0pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none">Effective December 31, 2012, Research Affiliates, LLC changed the names of the RAFI® High Yield Bond Index and the RAFI® Investment Grade Bond Index (each, an "Underlying Index"), which are the underlying indexes of the PowerShares Fundamental High Yield® Corporate Bond Portfolio and the PowerShares Fundamental Investment Grade Corporate Bond Portfolio, respectively. As of that date, the RAFI® High Yield Bond Index became known as the RAFI® Bonds US High Yield 1-10 Index, and the RAFI® Investment Grade Bond Index became known as the RAFI® Bonds US Investment Grade 1-10 Index. There was no change to the methodology of either Underlying Index. <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">As a result, effective as of that date, the Prospectus is changed as follows: <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">•  All references to the RAFI® Investment Grade Bond Index are deleted and replaced with the following: <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">  RAFI® Bonds US Investment Grade 1-10 Index   <p class="MsoNormal" align="center" 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;text-align:center; line-height:normal;text-autospace:none">Please Retain This Supplement For Future Reference. <p class="MsoNormal" align="center" 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;text-align:center; line-height:normal;text-autospace:none">    PFIG