Profile: PowerShares Exchange-Traded Fund Trust: PowerShares WilderHill Progressive Energy Portfolio (PUW.P)

PowerShares WilderHill Progressive Energy Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the WilderHill Progressive Energy Index (the Index). The Index consists of approximately 47 companies, which are publicly traded in the United States, and engaged in a business or businesses, which benefit substantially from a societal shift toward the transitional energy technologies significant in improving the use of fossil fuels and nuclear power. The Fund will normally invest at least 80% of its total assets in common stocks of companies principally engaged in the progressive energy business. Companies in the Index will be selected by WilderShares, LLC (the Index Provider) pursuant to its selection methodology.

The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is adjusted quarterly, and the Fund, using an indexing investment approach, attempts to replicate the performance of the Index. The Fund generally will invest in all of the stocks comprising the Index in proportion to their weightings in the Index. The Fund’s investment advisor is PowerShares Capital Management LLC.