THIS ETF HAS BEEN CLOSED - LAST TRADING DAY: MAY 18, 2009. The PowerShares Dynamic Europe Portfolio Fund (Ticker: PEH) seeks investment results that correspond generally to the performance, before fees and expenses, of the QSG Active Europe Index. The index selects 250 components out of the 1000 largest stocks traded across the following 16 developed markets: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom. Stocks are ranked for investment potential using a proprietary QSG Index model. The methodology evaluates companies, using a proprietary multi-factor model based on the following measures of expected out performance: balance sheet strength, capital structure, leverage, earnings growth, earnings quality and price momentum. The 250 selected components are the stocks with the best model score. All components are equally weighted.