Invesco Europe Enhanced Equity UCITS ETF AccIndex, costs, backtest, listings and taxation

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Investment objective: The objective of the Fund is to achieve a long-term return in excess of the Benchmark (the MSCI Europe Index) by investing in an actively managed portfolio of European equities. Dividend Policy: This Share Class does not pay you income, but instead reinvests it to grow your capital, in line with its stated objectives.

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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 approach: The Fund is an actively managed ETF. To achieve the investment objective, the Fund will invest primarily in a portfolio of equity and equity-related securities, tracking stocks and depositary receipts of companies from Europe. Securities are selected based on three criteria: 1) attractiveness determined in accordance with the quantitative investment model; 2) consistency between the portfolio’s expected risk characteristics and the Fund’s investment objective; and 3) compliance with the Fund's ESG Policy. Exclusions are applied to the initial investment universe to remove companies that are determined to have unacceptable levels of exposure to controversial business activities or engaged in very severe ESG controversies. Details of involvement, revenue thresholds and controversy scoring are further set out in the Fund's supplement. Eligible securities are then ranked based on their attractiveness with respect to three investment factors: Value (i.e. companies perceived to be ‘inexpensive’ relative to market averages), Quality (i.e. companies that demonstrate stronger balance sheets relative to sector or market averages) and Momentum (i.e. companies whose historical share price performance or earnings growth have exceeded sector or market averages). The Fund holds a sub-set of these stocks, using an optimisation process that seeks to maximise exposure to those investment factors whilst targeting a risk profile that is consistent with the Fund’s investment objective. Fund holdings are rebalanced monthly. The Fund will not seek to track the performance of the Benchmark. The Fund will hold an actively-managed portfolio of securities with the aim of delivering superior risk-adjusted returns over the long term when compared with the average performance of the European equity market, for which the Benchmark serves as a reference. Investors should note that the Benchmark is the intellectual property of the index provider. The Fund is not sponsored or endorsed by the index provider and a full disclaimer can be found in the Fund’s supplement. The Fund may use derivative instruments for the purposes of managing risk, reducing costs, generating additional capital or income.

Intended Retail InvestorThe Fund is intended for investors aiming for long term capital growth, who may not have specific financial expertise but are able to make an informed investment decision based on this document, the supplement, and the prospectus, have a risk appetite consistent with the risk indicator displayed below and understand that there is no capital guarantee or protection (100% of capital is at risk). 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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