The PowerShares High Yield Equity Dividend Achievers Portfolio Fund (Ticker: PEY) seeks investment results that correspond generally to the performance, before fees and expenses, of the Mergent Dividend Achievers 50 Index. The Dividend Achievers50 Index, a subset of the Broad Dividend Achievers Index (PFM), is designed to track the performance of the top 50 highest yielding dividend paying companies that meet the requirements to be classified as Dividend Achievers"". The index is designed to identify the 50 companies with the highest 10 year annual dividend growth rate. These companies have increased their annual dividend for ten or more consecutive fiscal years. The index is calculated using a modified market capitalization weighting methodology with a 5% cap."