PowerShares [profile] has filed an update to the prospectuses of its PowerShares Fundamental High Yield Corporate Bond Portfolio and PowerShares Fundamental Investment Grade Corporate Bond Portfolio. Effective August 31, the respective underlying indexes, Research Affiliates' RAFI Bonds US High Yield 1-10 Index and the RAFI Bonds US Investment Grade 1-10 Index for the PowerShares Fundamental High Yield Corporate Bond Portfolio and the PowerShares Fundamental Investment Grade Corporate Bond Portfolio, are changing their investment methodologies. [SEC Filing].  

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