1. BKL PowerShares Senior Loan (CAD Hedged) Index ETF The PowerShares Senior Loan (CAD Hedged) Index ETF (BKL) seeks to replicate, before fees and expenses, the performance of the S&P/LSTA (Loan Syndications and Trading Association) U.S. Leveraged Loan 100 Index (CAD Hedged). The index gives investors exposure to the largest 100 loan facilities drawn from a larger benchmark – the S&P/LSTA Leveraged Loan Index. Why invest in this ETF?  Potential for enhanced yield  Reduced interest-rate sensitivity compared to investments with fixed-coupon payments  Priority of repayment and protection  Low correlation to traditional bonds 1 Source: S&P Dow Jones Indices. 1 This is the weighted average yield of the index as at March 31, 2013 and is not indicative of the yield an investor could expect to earn on an ETF that seeks to replicate the performance of the index. Yields will vary over time. Fund information Ticker BKL Listing date April 16, 2012 Distribution frequency Monthly Management fee 0.90% Index characteristics S&P/LSTA U.S. Leveraged Loan 100 Index (CAD Hedged) Rebalancing frequencySemi-annually Index Yield To Maturity 1 5.69%

2. Defending portfolios against financial repression Senior loans during different interest rate environments 2 Source: Bloomberg L.P., March 28, 2013. You cannot invest directly in an index. Index performance does not reflect fees and expenses that would apply to a fund. Chart illustrates the average 1-year return (measured on a monthly basis) of the indices when interest rates have increased or decreased, as measured by the yield on the 5-Year U.S. Treasury Securities. Change in interest rates: Dec. 31, 1998 – Mar. 28, 2013

3. Defending portfolios against financial repression Senior loans: asset class characteristics 3 Senior loans U.S. high-yield bonds Coupon typeFloatingFixed SecuritySecuredMostly unsecured Yield 1 5.69%6.46% Average price 1 $98.33$105.18 Historical average default rate 2 2.56%3.55% Historical recovery rate 3 77.9%28.5% 5-yr. Standard Deviation 1 11.83%13.90% Senior loans are represented by the S&P/LSTA U.S. Leveraged Loan 100 Index. U.S. high-yield bonds are represented by the BofA Merrill Lynch US High Yield Master II Index. You cannot invest directly in an index. 1 Source: Bloomberg LP, S&P Dow Jones Indices, Zephyr StyleADVISOR as at Mar 31, 2013 2 Source: Bloomberg LP, S&P Dow Jones Indices as at December 31, 2012. Historical average default rate is based on the average of the number of annual defaults in a calendar year for 1992 – 2012. 3 Source: S&P Dow Jones Indices for period January 1, 1987 – June 2012.

4. Important information Commissions, management fees and expenses may all be associated with investments in exchange-traded funds (ETFs). ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing. Copies are available from Invesco Canada Ltd. at www.powershares.ca. There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to the ETF. Ordinary brokerage commissions apply to purchases and sales of ETF units. Most PowerShares ETFs seek to replicate, before fees and expenses, the performance of the applicable Index, and are not actively managed. This means that the Sub-advisor will not attempt to take defensive positions in declining markets and the ETF will continue to provide exposure to each of the securities in the Index regardless of whether the financial condition of one or more issuers of securities in the Index deteriorates. In contrast, if a PowerShares ETF is actively managed, then the Sub-advisor has discretion to adjust that PowerShares ETF’s holdings in accordance with the ETF’s investment objectives and strategies. Standard & Poor’s ® and S&P ® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and have been licensed for use by S&P Dow Jones Indices LLC and sublicensed for certain purposes by Invesco Canada Ltd. TSX is a registered trademark of TSX Inc. and LSTA is a registered trademark of Loan Syndications and Trading Association and both have been licensed for use by S&P Dow Jones Indices LLC and Invesco Canada Ltd. The S&P/TSX Composite Low Volatility Index, S&P/TSX Composite High Beta Index, S&P 500 Low Volatility Index (CAD Hedged), S&P 500 High Beta Index (CAD Hedged) and S&P/LSTA U.S. Leveraged Loan 100 Index (CAD Hedged) are products of S&P Dow Jones Indices LLC, and have been licensed for use by Invesco Canada Ltd. Invesco Canada Ltd's PowerShares S&P/TSX Composite Low Volatility Index ETF, PowerShares S&P/TSX Composite High Beta Index ETF, PowerShares S&P 500 Low Volatility (CAD Hedged) Index ETF, PowerShares S&P 500 High Beta (CAD Hedged) Index ETF and PowerShares Senior Loan (CAD Hedged) Index ETF are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, their respective affiliates, or third party licensors and neither S&P Dow Jones Indices LLC, Dow Jones, S&P, their respective affiliates nor their third party licensors make any representation regarding the advisability of investing in such products. This piece was produced by Invesco Canada Ltd. ETFs are not diversified investments. Invesco ® and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence. PowerShares ®, Leading the Intelligent ETF Revolution ® and all associated trademarks are trademarks of Invesco PowerShares Capital Management, LLC (Invesco PowerShares), used under licence. Published April 19, 2013 © Invesco Canada Ltd., 2013 4