The PowerShares Global Water Portfolio Fund (Ticker: PIO) seeks investment results that correspond generally to the performance, before fees and expenses, of the Palisades Global Water Index. The index is a modified equal weighted index comprised of companies whose businesses stand to benefit substantially from the burgeoning global demand for safe drinking water, environmentally sustainable use, and industrial process improvement. The index seeks to identify a group of global companies that focus on the provision of potable water, the treatment of water and the technology and services that are directly related to global water consumption. Different from PowerShares Water Resource ETF (PHO), which launched in December 2005, PowerShares new global ETF Global Water Portfolio was developed to capitalize on the global market. At least 80% of the Palisades Global Water Index
weighting is comprised of companies that generate at least 50% of their revenues from water or water-related activities.