PowerShares Dynamic Consumer Staples Sector Portfolio (the Fund) seeks investment results that correspond to the equity index called the Dynamic Consumer Staples Sector IntellidexSM Index (the Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index comprises stocks of 60 United States consumer staples companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail. Stocks are selected on the basis of their capital appreciation potential as identified by New York Stock Exchange (NYSE) Arca (the Intellidex Provider). The Fund’s investment advisor is PowerShares Capital Management LLC.