As of March 18, 2016, Powershares Exchange-Traded Fund Trust II - PowerShares Fundamental Emerging Markets Local Debt Portfolio has gone out of business. Powershares Exchange-Traded Fund Trust II - PowerShares Fundamental Emerging Markets Local Debt Portfolio is an exchange traded fund launched by Invesco Ltd. It is managed by Invesco PowerShares Capital Management LLC. The fund invests in the fixed income markets of emerging countries across the globe. It invests in local currency bonds issued by national governments that are rated at least CC by S&P and at least Ca by Moody's with a minimum maturity of at least 1 year. The fund seeks to replicate the performance of the Citi RAFI Bonds Sovereign Emerging Markets Extended Local Currency Index, by using representative sampling technique. PowerShares Exchange-Traded Fund Trust II - PowerShares Fundamental Emerging Markets Local Debt Portfolio was formed on May 6, 2013 and is domiciled in the United States.