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 S&P 500 QVM UCITS ETF Dist PQVM Fund objective Investment risks The Invesco S&P 500 QVM UCITS ETF Dist aims to For complete information on risks, refer to the legal documents. The value of investments, and any income from them, will provide the net total return performance of the S&P 500fluctuate. This may partly be the result of changes in exchange rates. Investors may not get back the full amount invested. The Quality, Value & Momentum Multi-factor Index (the Fund may be exposed to the risk of the borrower defaulting on its obligation to return the securities at the end of the loan period "Reference Index"), less the impact of fees. The fund and of being unable to sell the collateral provided to it if the borrower defaults. The Fund might be concentrated in a specific region distributes dividends on a quarterly basis.or sector or be exposed to a limited number of positions, which might result in greater fluctuations in the value of the Fund than fora fund that is more diversified. The value of equities and equity-related securities can be affected by a number of factors including An investment in this fund is an acquisition of units in a the activities and results of the issuer and general and regional economic and market conditions. This may result in fluctuations in passively managed, index tracking fund rather than in the value of the Fund. the underlying assets owned by the fund.About the indexThe Reference Index aims to represent the performance of those companies within the S&P 500 Index which have the highest ETF informationaggregate exposure to three investment factors: quality, value and momentum. To determine the components of the Reference Fund launch date 18 May 2017 Index, all companies included in the S&P 500 Index are assigned scores based on their performance against these three factors. Share class launch date 18 May 2017 These scores are then combined on an equal-weighted basis into a final factor composite. All companies are then ranked by their Ongoing charge 10.35% p.a. final factor composite with the top 100 companies being selected for inclusion in the Index, subject to a buffer rule which aims to Fund base currency USD reduce turnover. The weight for each component in the Benchmark will range between 0.05% and the lessor of 5% or 20 times its Share class currency USD market capitalisation weight. The weight of each sector is capped at 40% for the purposes of seeking to avoid sector concentration. Currency hedged NoPast performance does not predict future returns. Index S&P 500 Quality, Value &Momentum Multi-Factor Net Total Indexed performance, % growth since inception Return Index  Invesco S&P 500 QVM UCITS ETF Dist Index currency USD  S&P 500 Quality, Value & Momentum Multi-Factor Net Total Return Index Index Bloomberg tickerSPXQVMUN 195 Replication method Physical UCITS compliant Yes Umbrella fund Invesco Markets III plc Investment managerInvesco Capital Management LLC130 DomicileIreland UK reporting status Yes ISA eligibleYes SIPP eligible Yes Dividend treatment Distributing 65 Dividend schedule Quarterly ISIN code IE00BDZCKK11 SEDOLBF0SC91 Bloomberg ticker PQVM LN 0 Fund size USD 67.18m May-17Jul-18 Aug-19Sep-20 Oct-21 Nov-22 Dec-23 Jan-25 NAV per share USD 63.13 Cumulative performance as at 31 January 2025 (%) Shares in issue 1,064,1521Y 3Y 5Y 10Y Fund inception Distribution yield 0.80% ETF 32.0644.93 100.85 - 180.63 SFDR classificationArticle 6 Index 32.2945.10 101.36232.53 181.79Calendar year performance (%) 2024 2023 2022 2021 2020 2019 2018 20172016 2015 1 Ongoing charge includes management fee, custody and ETF 29.77 6.18 0.70 25.56 8.60 25.34-6.37 - -- administration costs but excludes transaction costs. Costs Index 30.01 6.17 0.64 25.72 8.61 25.33-6.29 - -- may increase or decrease as result of currency and Standardised rolling 12 month performance (%) exchange rate fluctuations. Consult the legal documents for 01.24 01.2301.22 01.21 01.20 01.19 01.18 01.17 01.16 01.15 further information on costs. 01.25 01.2401.23 01.22 01.21 01.20 01.19 01.18 01.17 01.16ETF 32.06 8.41 1.24 25.87 10.10 17.28 -6.67 - - -Index32.29 8.42 1.17 26.03 10.11 17.28 -6.60 - - -Source: Invesco, Bloomberg L.P., FactSet. ETF performance shown is calculated with reference to the Net Asset Value, inclusiveof net reinvested income and net of ongoing charges and portfolio transaction costs, in USD. The figures do not reflect the actualshare price, the impact of the bid/offer spread or broker commissions. Returns may increase or decrease as a result of currencyfluctuations. ETF NAV performance differs from that of the index due to the ongoing charges and portfolio transaction costs anddue to the fact that the ETF does not necessarily always hold all the securities in the index in their respective weighting. This ETFdoes 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.  United States 100.0Current tax levels and reliefs may change. Depending on individual circumstances, this may affect investment returns. Source: Invesco, as at 31 Jan 2025UCITS 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 fees Sector allocation (%) for doing so. In addition, investors may pay more than the current net asset value when buying units / shares and may receive less than the current net asset value when selling them. The “S&P 500 Quality, Value & Momentum Multi-factor Net Total Return Index" is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and has been licensed for use by Invesco. Standard & Poor’s® and S&P ® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Invesco. Invesco S&P 500 QVM UCITS ETF is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Quality, Value & Momentum Multi-factor Net Total Return Index. For the full objectives and investment policy please consult the current prospectus.  Financials 28.6The ESG information is for illustrative purposes only. Providing this information is not indicative of how or whether ESG factors will  Industrials 21.1be integrated into a fund. Unless otherwise stated in the legal offering documents ESG integration does not change a Fund’s  Communication 13.9investment objective or constrain the Fund’s investable universe.services This material has been communicated by Invesco Investment Management Limited, Ground Floor, 2 Cumberland Place, Fenian  Consumer staples11.9Street, Dublin 2, Ireland.  Information 7.7 Glossarytechnology Benchmark:An index against which the ETF is measured, in terms of relative performance, risk and other useful comparisons.  Health care 6.1  Consumer 5.9Distribution Yield: The distribution yield is a measurement of cash flow being paid. It’s the sum of the distributions over 12 monthsdiscretionary divided by the net asset value (NAV) of the fund.  Energy 1.8ESG: Environmental, Social and Governance, three key factors in measuring sustainability and societal impact of a company.  Utilities1.6ETF: Exchange traded fund. A type of fund that is traded on the stockmarket like ordinary shares. ETFs can be bought and sold  Materials1.5during trading hours, like ordinary shares, whereas other types of funds are priced once a day only. Source: Invesco, as at 31 Jan 2025Factors: An investment approach that seeks to identify and invest in securities that display certain quantifiable characteristics. Top exposures (%) (Total holdings: 101) Common examples of factors include Value, Quality and Momentum. A factor strategy may seek to target just one factor or NameWeightcombine multiple factors. Meta Platforms 'A' 5.35 Hedged: The intended result of reducing the portfolio's exposure to a specific risk, such as the risk of fluctuations between Mastercard 'A' 5.10 currency exchange rates ("currency hedging"). Berkshire Hathaway 'B' 4.99 ISA: Individual Savings Account. A type of investment account in the UK in which the tax on income is lower than usual, and there Costco Wholesale 4.84 is no tax on profits made from an increase in the value of shares. Apple 4.70 Walmart4.63 Physical Replication: Physical funds invest directly in constituents of the benchmark index. Netflix4.57 Replication Method: Strategy employed by the fund to achieve its objective. Johnson & Johnson 4.37 SIPP: Self-Invested Pension Plan. A type of UK pension for which a person makes their own investment decisions. General Electric 3.50 UCITS: Undertakings for Collective Investments in Transferable Securities. European regulatory framework for an investment Caterpillar2.37 vehicle that can be marketed across the European Union. Source: Invesco, as at 31 Jan 2025UK Reporting Status: Indicates whether or not the fund has United Kingdom fund tax status, this can lead to a UK investor Please see etf.invesco.com for ETP holdings information. receiving favourable tax rates on any gain or disposal of holdings in the fund. Holdings are subject to change.