Profile: PowerShares Exchange-Traded Fund Trust: PowerShares Dynamic Consumer Discretionary Sector Portfolio (PEZ.P)

PowerShares Dynamic Consumer Discretionary Sector Portfolio (the Fund) is based on the Dynamic Consumer Discretionary Sector Intellidex Index and seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of that equity index. The portfolio returned 13.11% compared to S&P Consumer Discretionary Index’s 6.77%. Specialty retail, textiles, apparel and luxury goods and household materials contributed the largest percent of contribution to return.

The Fund’s investment advisor is PowerShares Capital Management LLC. The Index evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors.