Title: URL Source: https://is.gd/vv0LXC Markdown Content: This marketing communication is for professional Investors in the UK only. Investors should read the legal documents prior to investing. This product is intended for professional investors only. As of 28 February 2025 # Invesco USD AAA CLO UCITS ETF Dist ## ICL O Fund objective The Invesco USD AAA CLO UCITS ETF Dist is an actively managed fund that aims to provide consistent income and capital preservation over the long term. The fund distributes income on a quarterly basis. The fund is not managed in reference to a benchmark. An investment in this fund is an acquisition of units in an actively managed fund rather than in the underlying assets owned by the fund. ETF information Fund launch date 10 February 2025 Share class launch date 10 February 2025 Ongoing charge 1 0.35% p.a. Fund base currency USD Share class currency USD Currency hedged No Index N/A Index currency N/A Index Bloomberg ticker N/A Replication method Active UCITS compliant Yes Umbrella fund Invesco Markets II plc Investment manager Invesco Capital Management LLC Domicile Ireland UK reporting status Yes ISA eligible No SIPP eligible No Dividend treatment Distributing Dividend schedule Quarterly ISIN code IE000PKN5N58 SEDOL BT6NX40 Bloomberg ticker ICLO LN Fund size USD 65.07m NAV per share USD 20.02 Shares in issue 3,237,138 Distribution yield - SFDR classification Article 6 > 1 Ongoing charge includes management fee, custody and administration costs but excludes transaction costs. Costs may increase or decrease as result of currency and exchange rate fluctuations. Consult the legal documents for further information on costs. Investment risks For complete information on risks, refer to the legal documents. The value of investments, and any income from them, will fluctuate. This may partly be the result of changes in exchange rates. Investors may not get back the full amount invested. T he credit worthiness of the debt the Fund is exposed to may weaken and result in fluctuations in the value of the Fund. There is no guarantee the issuers of debt will repay the interest and capital on the redemption date. The risk is higher when the Fund is exposed to high yield debt securities. Changes in interest rates will result in fluctuations in the value of the fund. It may be diff icult for the Fund to buy or sell certain instruments in stressed market conditions. Consequently, the price obtained when selling such instruments may be lower than under normal market conditions. Highly rated tranches of CLO Debt Securities may be downgraded, and in stressed market environments even highly rated tranches of CLO Debt Securities may experience losses due to defaults i n the underlying loan collateral, the disappearance of the subordinated/equity tranches, market anticipation of defaults, as well as negative market sentiment with respect to CLO securities as an asset class. About the ETF The fund will seek to achieve its investment objective by investing primarily in AAA -rated tranches of US dollar -denominated floating rate securities issued by collateralised loan obligations (“ CLOs ”). A CLO is a special purpose vehicle securitised by a pool of assets, includin g senior secured leveraged loans and bonds. Distributions from the pool are paid out to the CLO ’s obligations based on a “cashflow waterfall ”, with the first flow to the highest debt tranche of the CLO and continued to the lowest debt tranche followed by t he equity. The fund is subject to EU risk retention requirements such that the fund may only invest in CLOs if the originator, sponsor or original lender of the CLO has disclosed that it retains, at issuance and on an on -going basis, a material net economi c interest in the CLO of at least 5%. The performance of the fund may be compared to the J.P. Morgan CLOIE AAA Index for comparison purposes only. The fund does not track the index nor is it constrained by a benchmark. ## Invesco USD AAA CLO UCITS ETF Dist was launched on 10 February 2025. Performance ## information will be available after 10 February 2026. Top exposures (%) (Total holdings: 38) Name Coupon Maturity Weight CIFC Funding 2018 -I Ltd FRN 18/01/38 5.79 18 Jan 2038 4.70 AGL Core CLO 8 LTD FRN 20/01/38 5.71 20 Jan 2038 4.70 Magnetite Xli Ltd FRN 25/01/38 5.60 25 Jan 2038 4.68 Symphony CLO 40 Ltd FRN 05/01/38 5.73 05 Jan 2038 4.68 Golub Capital Partners Clo 45M Ltd FRN 20/07/37 5.91 20 Jul 2037 4.67 OHA Credit Funding 17 Ltd FRN 20/04/37 5.77 20 Apr 2037 4.66 Flatiron CLO 28 Ltd FRN 15/07/36 5.85 15 Jul 2036 4.66 Green Lakes Park CLO LLC 2019 -2 FRN 25/01/38 5.47 25 Jan 2038 4.64 Symphony CLO XXIII Ltd FRN 15/01/34 5.22 15 Jan 2034 4.62 Arbour CLO VI DAC FRN 15/11/37 3.71 15 Nov 2037 4.02 Source: Invesco, as at 28 Feb 2025 Please note that the majority or all of bonds in this ETF are perpetual and do not have a specific maturity date. Important information This marketing communication is exclusively for use by professional investors in the UK. It is not intended for and should not be distributed to the public. For information on our funds and the relevant risks, refer to the Key Information Documents/Key Investor Information Document s (lo cal 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 ass et class, security o r strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. UCITS ETF ’s units / shares purchased on the secondary market cannot usually be sold directly back to UCITS ETF. Investors must buy and sell units / shares on a secondary market with the assistance of an intermediary (e.g. a stockbroker) and may incur f ees for doing so. In addition, investors may pay more than the c urrent net asset value when buying units / shares and may receive less than the current net asset value when selling them. Information has been obtained from sources believed to be reliable, but J.P. Morgan does not warrant its completeness or accuracy. T he Index is used with permission. The Index may not be copied, used, or distributed without J.P. Morgan ’s prior written approval. Copyright 2025, JPMorgan Chase & Co. All rights reserved. For the full objectives and investment policy please consult the cu rrent prospectus. The ESG information is for illustrative purposes only. Providing this information is not indicative of how or whether ESG fac tors will be integrated into a fund. Unless otherwise stated in the legal offering documents ESG integration doe s not change a Fund ’s investment objective or constrain the Fund ’s investable universe. 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. Derivative: Derivatives are financial instruments whose prices are driven by the price shifts or price expectations of another fina ncial instrument, which is called the "underlying". Many derivatives are designed to react disproportionately to shifts in th e price of the underlying. Derivatives can be used for both hedging and speculative purposes. The most common derivatives are certi ficates, options, futures and swaps. Hedged: The intended result of reducing the portfolio's exposure to a specific risk, such as the risk of fluctuations between currency exchange rates ("currency hedging"). ISA: Individual Savings Account. A type of in vestment account in the UK in which the tax on income is lower than usual, and there is no tax on profits made from an increase in the value of shares. Physical Replication: Physical funds invest directly in constituents of the benchmark index. SIPP: Self -Invested Pension Plan. A type of UK pension for which a person makes their own investment decisions. UCITS: Undertakings for Collective Investment in Transferable Securities. European regulatory framework for an investment vehicle that can be market ed across the European Union. UK Reporting Status: Indicates whether or not the fund has United Kingdom fund tax status, this can lead to a UK investor receiving favourable tax rates on any gain or disposal of holdings in the fund. Please see etf.invesco.com for ETP holdings information. Holdings are subject to change.