Invesco EUR AAA CLO UCITS ETF DistIndex, costs, backtest, listings and taxation

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Redemption and Dealing of Shares:The Fund's shares are listed on one or more Stock Exchange(s). Investors can buy or sell shares daily through an intermediary directly or on Stock Exchange(s) on which the shares are traded. In exceptional circumstances investors will be permitted to redeem their shares directly from the Umbrella Fund in accordance with the redemption procedures set out in the prospectus, subject to any applicable laws and relevant charges. Investment objective: The investment objective of the Fund is to seek to provide consistent income and capital preservation over the long term. Investment approach: The Fund is an actively managed ETF. To achieve the investment objective, the Fund will primarily invest in AAA-rated (or equivalently rated by a nationally recognised statistical rating organisation) tranches of Euro denominated floating rate debt securities issued by collateralised loan obligations ("CLOs"). A CLO is a structure that issues fixed- or floating-rate debt securities that are collateralised by a pool of loans and bonds, which primarily includes senior secured loans, broadly syndicated loans, floating rate notes, high yield bonds and subordinated corporate loans. Each CLO consists of rated debt tranches that pay interest, as well as a portion of equity. The CLO makes payments to the various tranches based on seniority. Each tranche has a different risk/return profile based on its priority claim on the cash flows. The more senior and higher rated the tranche, the higher its priority claim on cash flows. At least 80% of the CLO Debt Securities in which the Fund will invest will be AAArated (as rated by at least one rating agency) CLO Debt Securities. Up to 20% of CLO Debt Securities in which the Fund will invest may be below AAA-rated subject to such CLO Debt Securities being rated investment grade and predominantly comprising AA-rated CLO Debt Securities. If a security is downgraded, the Investment Manager will take such action as required as soon as reasonably practicable, taking due account of the interests of its Shareholders. The Fund may invest up to 10% of its net assets in CLO Debt Securities that are denominated in currencies other than Euro. The Fund may also invest a portion of its assets in cash or other short-term instruments for the purposes of liquidity management and managing redemptions. The Fund may use derivative instruments for the purposes of managing risk, reducing costs, generating additional capital or income. The use of such instruments may impact the magnitude and frequency of the fluctuations in the value of the Fund.

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The Fund is actively managed and is not constrained by a benchmark. The Fund may use the J.P. Morgan European Collateralized Loan Obligation AAA-only Index (the "Benchmark") for performance comparison purposes. The Benchmark measures the performance of Euro-denominated, AAA rated CLO debt. The Fund will not seek to track the performance of the Benchmark.

Intended Retail InvestorThe Fund is intended for private, professional or institutional investors aiming for income and capital growth who have a risk appetite and a medium term investment horizon consistent with the risk indicator displayed below and understand that there is no capital guarantee or protection (100% of capital is at risk). The Company does not permit the offering of Shares of this Fund on the secondary market to retail investors, unless they qualify as an advanced investor, who is an investor with good knowledge of relevant financial products and transactions. This includes individuals with financial industry experience or those who receive professional investment advice or are part of a discretionary portfolio service. Practical Information Fund Depositary: The Bank of New York Mellon SA/NV, Dublin Branch, Riverside Two, Sir John Rogerson’s Quay, Grand Canal Dock, Dublin 2, D02 KV60, Ireland. Find out more: This document is specific to the Fund. Further information about the Fund can be obtained from the supplement, the prospectus, annual and interim reports. The prospectus, annual and interim reports are prepared for the Umbrella Fund, of which the Fund is a sub-fund. These documents are available free of charge in English. They can be obtained along with other information, such as share prices, at https://etf.invesco.com (select your country and navigate to the Documents section on the product page), or by calling +353 1 439 8000. The assets of the Fund are segregated as a matter of Irish law and as such, in Ireland, the assets of one sub-fund will not be available to satisfy the liabilities of another sub-fund. This position may be considered differently by the courts in jurisdictions outside of Ireland. Subject to satisfying certain criteria as set out in the prospectus, investors may be able to exchange their investment in the Fund for shares in another sub-fund of the Umbrella which is being offered at that time.

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