PowerShares Active Low Duration Fund (the Fund) seeks to provide total return by investing in a portfolio of the United States Government, corporate and agency debt securities selected by Invesco World-Wide Fixed Income. The Fund seeks to outperform its benchmark, Lehman Brothers 1-3 Year U.S. Treasury Index, by applying an actively managed, top-down portfolio construction and bottom-up security selection total return strategy. The Fund’s investment advisor is Invesco PowerShares Capital Management LLC. Invesco Institutional (N.A.), Inc. is the Fund’s sub-advisor.