This marketing communication is for consumer use in the UK only. Investors should read the legal documents prior to investing. As of 31 January 2025 Invesco MSCI Emerging Markets ESG Climate Paris Aligned UCITS ETF Acc PAEM Fund objective Investment risks The Invesco MSCI Emerging Markets ESG Climate Paris For complete information on risks, refer to the legal documents. The value of investments will fluctuate and you may not get back Aligned UCITS ETF Acc aims to track the net total return the full amount invested. As a large portion of this fund is invested in less developed countries, investors should be prepared to performance of the MSCI Emerging Markets ESG Climate accept a higher degree of risk than for an ETF that invests only in developed markets. The Fund may be exposed to the risk of the Paris Aligned Benchmark Select Index, less fees. borrower defaulting on its obligation to return the securities at the end of the loan period and of being unable to sell the collateral provided to it if the borrower defaults. The Fund intends to invest in securities of issuers that manage their ESG exposures better An investment in this fund is an acquisition of units in a relative to their peers. This may affect the Fund’s exposure to certain issuers and cause the Fund to forego certain investment passively managed, index tracking fund rather than inopportunities. The Fund may perform differently to other funds, including underperforming other funds that do not seek to invest in the underlying assets owned by the fund. securities of issuers based on their ESG ratings. The value of equities can be affected by certain factors such as issuer’s circumstances or economic and market conditions. This may result in value fluctuations. The Fund’s performance may be ETF information adversely affected by variations in the exchange rates between the base currency of the Fund and the currencies to which the Fund is exposed. The Fund may use Stock Connect to access China A Shares traded in Mainland China. This may result in Fund launch date 13 June 2022 additional liquidity risk and operational risks. It may be difficult for the Fund to buy or sell certain instruments in stressed market Share class launch date13 June 2022 conditions. Consequently, the price obtained when selling such instruments may be lower than under normal market conditions. Ongoing charge 1 0.19% p.a. Fund base currency USD About the index Share class currency USD The MSCI Emerging Markets ESG Climate Paris Aligned Benchmark Select Index tracks the performance of large and mid- Currency hedgedNocapitalisation companies in emerging markets worldwide and aims to reduce exposure to transition and physical climate risks whilst Index MSCI Emerging Markets ESG pursuing opportunities arising from the transition to a lower carbon economy while aligning with the Paris Agreement requirements.Climate Paris Aligned Benchmark The Index also provides exposure to companies with high ESG metrics and incorporates the TCFD (Task Force on Climate Select Index (USD) Related Financial Disclosures) recommendations and is designed to exceed the minimum standards of the EU Paris-Aligned Index currency USD Benchmark as set out in the Commission Delegated Regulation (EU) 2020/1818. Index Bloomberg tickerNU739031 Past performance does not predict future returns. Replication method Physical UCITS compliant YesIndexed performance, % growth since inception Umbrella fund Invesco Markets II plc  Invesco MSCI Emerging Markets ESG Climate Paris Aligned UCITS ETF Acc Investment managerInvesco Capital Management LLC  MSCI Emerging Markets ESG Climate Paris Aligned Benchmark Select Index (USD) Domicile Ireland 20 UK reporting status Yes ISA eligible Yes SIPP eligible Yes 10 Dividend treatment Accumulating ISIN codeIE000PJL7R74 SEDOL BP6T5Y4 0 Bloomberg ticker PAEM LN Fund size USD 61.16m NAV per share USD 4.22 Shares in issue 14,500,000 -10 SFDR classification Article 9-20 Jun-22 Nov-22 Mar-23 Aug-23 Dec-23 Apr-24 Sep-24 Jan-25 1 Ongoing charge includes management fee, custody and administration costs but excludes transaction costs. Costs Cumulative performance as at 31 January 2025 (%) may increase or decrease as result of currency and 1Y 3Y 5Y 10YFund inception exchange rate fluctuations. Consult the legal documents for ETF 15.92- -- 7.59 further information on costs.Index 16.40- -- 9.37 Calendar year performance (%) 2024 2023 202220212020 2019 20182017 2016 2015 ETF 6.61 4.93 - - - -- - -- Index 7.23 6.14 - - - -- - -- Standardised rolling 12 month performance (%) 01.24 01.2301.22 01.21 01.20 01.19 01.18 01.17 01.16 01.15 01.25 01.2401.23 01.22 01.21 01.20 01.19 01.18 01.17 01.16 ETF 15.92 -8.12- - - - - - - - Index16.40 -7.10- - - - - - - - Source: Invesco, Bloomberg L.P., FactSet. ETF performance shown is calculated with reference to the Net Asset Value, inclusive of net reinvested income and net of ongoing charges and portfolio transaction costs, in USD. The figures do not reflect the actual share price, the impact of the bid/offer spread or broker commissions. Returns may increase or decrease as a result of currency fluctuations. ETF NAV performance differs from that of the index due to the ongoing charges and portfolio transaction costs and due to the fact that the ETF does not necessarily always hold all the securities in the index in their respective weighting. This ETF does not charge an entry fee. Geographic allocation (%)Important information This marketing communication is for consumer use in the UK only. This document contains information that is for discussion purposes only. For information on our funds and the relevant risks, refer to the Key Information Documents/Key Investor Information Documents (local languages) and Prospectus (English, French, German), and the financial reports, available from www.invesco.eu. A summary of investor rights is available in English from www.invescomanagementcompany.ie. The management company may terminate marketing arrangements. This is marketing material and not financial advice. It is not intended as a recommendation to buy or sell any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. If investors are unsure if this product is suitable for them, they should seek advice from a financial adviser.  China 21.6 Current tax levels and reliefs may change. Depending on individual circumstances, this may affect investment returns.  Taiwan 20.9 UCITS ETF’s units / shares purchased on the secondary market cannot usually be sold directly back to UCITS ETF. Investors must  India 20.7 buy and sell units / shares on a secondary market with the assistance of an intermediary (e.g. a stockbroker) and may incur fees  South Korea 6.4 for doing so. In addition, investors may pay more than the current net asset value when buying units / shares and may receive less  Brazil 5.8 than the current net asset value when selling them.  Saudi Arabia 4.2 The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI Inc. ("MSCI"), and MSCI bears no  Thailand 3.2 liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus  Poland 2.8 contains a more detailed description of the limited relationship MSCI has with Invesco and any related funds.  South Africa 2.8  Others 11.6 For the full objectives and investment policy please consult the current prospectus. Source: Invesco, as at 31 Jan 2025 Any investment decision should take into account all the characteristics of the fund as described in the legal documents. For sustainability related aspects, please refer to https://www.invescomanagementcompany.ie/dub-manco Sector allocation (%) This material has been communicated by Invesco Investment Management Limited, Ground Floor, 2 Cumberland Place, Fenian Street, Dublin 2, Ireland. Glossary Benchmark:An index against which the ETF is measured, in terms of relative performance, risk and other useful comparisons. Distribution Yield: The distribution yield is a measurement of cash flow being paid. It’s the sum of the distributions over 12 months divided by the net asset value (NAV) of the fund. ESG: Environmental, Social and Governance, three key factors in measuring sustainability and societal impact of a company. ETF: Exchange traded fund. A type of fund that is traded on the stockmarket like ordinary shares. ETFs can be bought and sold during trading hours, like ordinary shares, whereas other types of funds are priced once a day only. Factors: An investment approach that seeks to identify and invest in securities that display certain quantifiable characteristics.  Information 29.8 Common examples of factors include Value, Quality and Momentum. A factor strategy may seek to target just one factor ortechnologycombine multiple factors.  Financials 21.5 Hedged: The intended result of reducing the portfolio's exposure to a specific risk, such as the risk of fluctuations between  Consumer11.4 currency exchange rates ("currency hedging").discretionary ISA: Individual Savings Account. A type of investment account in the UK in which the tax on income is lower than usual, and there  Health care 7.8 is no tax on profits made from an increase in the value of shares.  Industrials 7.7  Communication5.8 Physical Replication: Physical funds invest directly in constituents of the benchmark index.services Replication Method: Strategy employed by the fund to achieve its objective.  Real estate 5.5 SIPP: Self-Invested Pension Plan. A type of UK pension for which a person makes their own investment decisions.  Consumer staples 5.1 UCITS: Undertakings for Collective Investments in Transferable Securities. European regulatory framework for an investment  Utilities2.9 vehicle that can be marketed across the European Union.  Materials2.5 UK Reporting Status: Indicates whether or not the fund has United Kingdom fund tax status, this can lead to a UK investor Source: Invesco, as at 31 Jan 2025 receiving favourable tax rates on any gain or disposal of holdings in the fund. Top exposures (%) (Total holdings: 317) NameWeight TAIWAN SEMICONDUCTOR MANUFAC 12.67 TWD10 AL RAJHI BANK SAR101.73 MEDIATEK INC TWD10 1.63 INFOSYS LTD INR5 1.54 MEITUAN-CLASS B USD0.00001 1.48 SK HYNIX INC KRW5000 1.37 TATA CONSULTANCY SVCS LTD INR1 1.36 HDFC BANK LIMITED INR1 1.20 NONGFU SPRING CO LTD-H HKD 0.1000 1.09 NASPERS LTD ZAR NPV1.07 Source: Invesco, as at 31 Jan 2025 Please see etf.invesco.com for ETP holdings information. Holdings are subject to change. ESG Supplement As at 31 January 2025 Article 6 SFDRESG Profile1Fund Non-ESG Benchmark2 For the purposes of meeting the requirements ESG Fund Rating (AAA-CCC) AA of Article 6 SFDR, we have disclosed information on Sustainability Risks in theESG Quality Score (0-10) 6.4 5.9 Prospectus Addendum found on Environmental Pillar Score 5.7 5.5 etf.invesco.comSocial Pillar Score 5.3 5.2Governance Pillar Score 5.4 4.8 Article 9 SFDRESG % Coverage 100.0100.0 This fund has a reduction in carbon emissions as an objective and is categorised as Article 9 for the purpose of SFDR. For further information Carbon Footprint1 Fund Non-ESG Benchmark2 please refer to the Prospectus and the index provider’s methodology found on Scope 1 Emissions (tons CO2e) 244.6 6,879.3 etf.invesco.com Scope 2 Emissions (tons CO2e) 758.9 1,641.4 Total Carbon Intensity (tons CO2e/USDM) 66.5292.0 Invesco’s Approach to ESG Wtd Avg Carbon Intensity (tons CO2e/USDM)69.3311.9 Invesco has an investment-led ESG approach. We provide a comprehensive range of ESG- focused capabilities that enable clients to MSCI ESG Rating Distribution1ESG Trend Momentum1 express their values through investing. Where Distribution of ESG Ratings across the fund The percentage of companies held by the appropriate, for certain funds, we also integrate and benchmark from AAA (best) to CCC fund or index that have improved their ESG financially material ESG considerations, taking (worst). Rating, (positive), have no change (stable) into account critical factors that help us deliver100% or worsened (negative) since the previous strong outcomes to clients.rating. Although not all of our ETFs follow an index with specific ESG characteristics, the information on80%TrendFundNon-ESG Benchmark2 this page provides transparency to help youPositive25.8% 28.3%60% identify long-term risks and opportunities inStable 63.1% 62.1% your investments.40% Negative 9.5% 7.5% Business involvement screens can help you gain better insights into potentially controversialUnrated 1.6% 1.9% business activities that a fund or index may be20% exposed to. 0% Corporate GovernanceFund All ESG, carbon emissions, and business involvement data are sourced from MSCI ESG AAAAAA BBBBB B CCCBoard Independence 58.0% Research. In order to assess the ESG profile,Fund Non-ESG Benchmark 1 Female Directors 15.5% the fund or index must have at least 10 securities or constituents, and 65% of the fund's weight must be covered by MSCI ESG Business Screening and Exclusions Fund Non-ESG Benchmark1 Research. For more details, please see MSCl's methodology on www.msci.com UN Global Compact Violations - 0.9% Civilian Firearms -- Important Information Controversial Weapons - 0.6% The information presented in this section is for Conventional Weapons - 0.6% illustrative purposes only. Providing thisNuclear Weapons- 0.2% information is not indicative of how or whether ESG factors will be integrated into the fund. Tobacco- 0.3% Unless otherwise stated in the legal offering Thermal Coal - 1.7% documents, the ESG information provided inOil Sands -- this document does not change the fund's investment objective or policy or constrain the Recreational Cannabis -- fund's investable universe. Ratings may vary from one rating agency to another. A rating may ESG Rating Distribution AAA AAA BBB BB B CCCNot change over time and is not a guarantee ofRated future performance of the fund. by Sector1,3 Communication Services - 2.1% 2.6% 1.3% 0.6% - - - Consumer Discretionary1.0% 1.3% 2.5% 2.0% 0.4% - - - Consumer Staples - 1.4% 1.4% 0.8% 0.2% - - - Energy - - - - - - - - Financials0.4% 4.3% 7.4% 5.4% 2.1% - - - Health Care 0.7% 0.7% 3.4% 1.1% 1.2%0.3%- - Industrials - 0.9% 1.9% 3.0% 1.3% - - - Information Technology12.7% 4.7%6.1% 2.4% 3.4% - - - Materials- 0.8% 1.1% 0.3% < 0.1% - - - Real Estate 1.0% - < 0.1% 2.0%2.1% - - - Utilities- - 1.1% 0.9% 0.4% - - - Other 0.1% 1.8% 3.8% 2.5% 0.8% - - - Glossary Certain information ©2024 MSCI ESG Research LLC. Reproduced by permission; no MSCI ESG Fund Rating: The Fund’s ESG rating is designed to assess the resilience of the further distribution. This report contains certain fund’s aggregate holdings to long-term, financially relevant ESG risks and should facilitate the information (the "Information") sourced from ability to rank or screen mutual funds and ETFs on a AAA to CCC ratings scale. This rating aims MSCI ESG Research LLC, or its affiliates or to provide fund level transparency and measures the ESG characteristics of the total portfolio. Itinformation providers (the "ESG Parties"). The is calculated as a direct mapping of MSCI ESG Quality Scores to letter rating categories. ESG information may only be used for your internal Leaders are holdings with an ESG rating of AAA or AA (best in class), and ESG Laggards areuse, may not be reproduced or redisseminated holdings with an ESG rating of B or CCC. in any form and may not be used as a basis for, or a component of, any financial instruments or MSCI ESG Quality Score: Calculated as the weighted average of the underlying holding's ESGproducts or indices. scores, excluding any underlying holding where this information is not available. It is provided on a 0-10 scale, with 0 and 10 being the respective lowest and highest possible scores. MSCI Although they obtain information from sources scores underlying holdings according to their exposure to and management of key ESG issues, they consider reliable, none of the ESG Parties which are divided into three pillars: environmental, social and governance. warrants or guarantees the originality, accuracy and/or completeness, of any data herein and ESG % Coverage: The percentage of the fund and benchmark where MSCI ESG Research is expressly disclaim all express or implied available.warranties, including those of merchantability CO2 Scope 1 Emission: A company's Scope 1 direct emissions (tCO2e) from operations. The and fitness for a particular purpose. direct emissions data represents the final, MSCI reviewed and approved value based on the None of the MSCI information is intended to MSCI methodology, which selects the accurate value from available sources.constitute investment advice or a recommendation to make (or refrain from CO2 Scope 2 Emission: A company's Scope 2 energy indirect emissions (tCO2e) from making) any kind of investment decision and operations. The energy indirect emissions data represents the final, MSCI reviewed and may not be relied on as such, nor should it be approved value based on the MSCI methodology, which selects the accurate value from taken as an indication or guarantee of any available sources. future performance, analysis, forecast or Total Carbon Intensity: Measures the fund or index's overall carbon intensity and carbon prediction. None of the ESG Parties shall have efficiency associated with its holdings, based on carbon expertise and research provided by any liability for any errors or omissions in MSCI. It uses the carbon intensity metrics at the company level (Scope 1 + Scope 2) per connection with any data herein, or any liability USUSD1 million of revenue. For government bonds, it uses total country carbon emissions per for any direct, indirect, special, punitive, USUSD1 million GDP. consequential or any other damages (including lost profits) even if notified of the possibility of Wtd Avg (Weighted Average) Carbon Intensity: The underlying funds' exposure to carbon such damages. intensive holdings, calculated as the weighted average of the constituent’s intensity metrics: Scope 1 + 2 Emissions per USD 1M revenue for corporates and total country carbon emissions1 ESG and carbon data is sourced from MSCI per USD 1M GDP for government bonds. at the security level. All ESG metrics are calculated by FE FundInfo, replicating the Board Independence: Weighted average percentage of board members that meet the MSCI MSCI methodology, using the underlying criteria for independence.holdings of the portfolio. For more details, Female Directors: Weighted average percentage of female board members.please see MSCI's methodology www.msci.com SFDR: Part of the EU's Sustainable Finance Action Plan, the Sustainable Finance Disclosure 2 The non-ESG Benchmark, MSCI Emerging Regulation (SFDR, also known as Disclosure Regulation) aims to promote transparency on sustainability by ensuring that participants in the financial services sector provide consistent Markets Total Return (Net) Index, is a relevant information to clients in relation to the sustainability of the products and services theybroad market index for comparison purposes. provide.The supplement of the fund and the management company website contain further 3 The ESG rating distribution table does not information on compliance with SFDR. include cash positions and therefore may not Article 6: The requirement under SFDR to describe the manner in which sustainability risks aretotal 100%. integrated into investment decisions, or to provide an explanation of reasons why sustainability risks are deemed not to be relevant. Article 8 Fund: A fund that, in accordance with the criteria outlined in Article 8 of SFDR, promotes, among other characteristics, environmental or social characteristics, or a combination of those characteristics and provided that the companies that the fund invests in follow good governance practices. Article 9 Fund: A fund that, in accordance with the criteria outlined in Article 9 of SFDR has sustainable investment as its objective. MSCI ESG Business Involvement Screening Research: Provides research on company Contact Information involvement in products and services, which allow investors to screen companies according to Client services specific criteria motivated by ethical, impact, compliance or ESG risk considerations. Telephone: 0800 085 8677 Summary definitions of each business screening are as follows: E-mail: investorqueries@invesco.com etf.invesco.com UN Global Compact (UNGC) Violations: Percentage of companies in the fund or index that have been identified to have violated United Nations Global Compact principles. Data is basedTelephone calls may be recorded. on MSCI ESG Controversies Research and MSCI ESG Global Norms Screening. Controversial Weapons: Percentage of companies in the fund or index that have been Issued by Invesco Investment Management identified to have ties to controversial weapons, including cluster munitions, land mines, Limited, Ground Floor, 2 Cumberland Place, biological and chemical weapons, depleted uranium weapons, blinding laser weapons, Fenian Street, Dublin 2, Ireland. incendiary weapons, and/or non detectable fragments. Authorised in Ireland and regulated by the Conventional Weapons: Percentage of companies in the fund or index that have beenCentral Bank of Ireland. identified to have ties to conventional weapons, weapons systems, component. and support systems and services. Nuclear Weapons: Percentage of companies in the fund or index that have been identified to have ties to production of nuclear warheads and/or whole nuclear missiles, manufacture components that were developed or are significantly modified for exclusive use in nuclear weapons (warheads and missiles), manufacture or assemble delivery platforms that were developed or significantly modified for the exclusive delivery of nuclear weapons, provide auxiliary services related to nuclear weapons. Civilian Firearms: Percentage of companies in the fund or index that have been identified to have ties to firearms, small-arms ammunitions including automatic and semi-automatic for the civilian market. The research excludes products exclusively sold for the military, government. and law enforcement markets. Tobacco: Percentage of companies in the fund or index that have been identified to have ties to tobacco products, such as cigars, kreteks, smokeless tobacco, snuff, snus, dissolvable and chewing tobacco. This also includes companies that grow or process raw tobacco leaves. Thermal Coal: Percentage of companies in the fund or index that have been identified to have ties to power from coal or derive revenue from thermal coal mining. Oil Sands: Percentage of companies in the fund or index that have been identified to have ties to oil sands, in particular, reserve ownership and production activities. Recreational Cannabis: Percentage of companies in the fund or index that have been identified to have ties to or derive revenue from recreational cannabis. This ESG supplement is powered by yourSRI, an FE fundinfo (Liechtenstein) brand.