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 Emerging Markets USD Bond UCITS ETF Dist PEMD Fund objectiveInvestment risks The Invesco Emerging Markets USD Bond UCITS ETF Dist For complete information on risks, refer to the legal documents. The value of investments, and any income from them, will aims to track the total return performance of the Bloomberg fluctuate. This may partly be the result of changes in exchange rates. Investors may not get back the full amount invested. As a Emerging Markets USD Sovereign Index, less fees. large portion of this fund is invested in less developed countries, investors should be prepared to accept a higher degree of risk than for an ETF that invests only in developed markets. The creditworthiness of the debt the Fund is exposed to may weaken and An investment in this fund is an acquisition of units in aresult in fluctuations in the value of the Fund. There is no guarantee the issuers of debt will repay the interest and capital on the passively managed, index tracking fund rather than in redemption date. The risk is higher when the Fund is exposed to high yield debt securities. Changes in interest rates will result in the underlying assets owned by the fund. fluctuations in the value of the fund. 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 and of being unable to sell the collateral provided to it if the borrower defaults. ETF information About the index Fund launch date 16 November 2017 The Bloomberg Emerging Markets USD Sovereign Index tracks the performance of fixed and floating-rate US dollar-denominated Share class launch date16 November 2017 debt issued by EM governments. Country eligibility and classification as Emerging Markets is rules-based and reviewed annually Ongoing charge 1 0.25% p.a. using World Bank income group and International Monetary Fund (IMF) country classifications. Index constituents are Fund base currency USDcapitalisation-weighted. Investment grade, high yield and unrated securities are permitted. Unrated bonds may use an implied Share class currency USDissuer rating when not rated by a credit rating agency (Moody’s, S&P, and Fitch). The Fund and the Index are rebalanced and Currency hedged No reconstituted on a monthly basis. Index Bloomberg Emerging Markets USDPast performance does not predict future returns.Sovereign Index (USD) Index currency USDIndexed performance, % growth since inception Index Bloomberg tickerBSSUTRUU  Invesco Emerging Markets USD Bond UCITS ETF Dist Replication methodPhysical  Bloomberg Emerging Markets USD Sovereign Index (USD) UCITS compliant Yes 20 Umbrella fund Invesco Markets II plc Investment manager Invesco Capital Management LLC DomicileIreland 10 UK reporting status Yes ISA eligibleYes SIPP eligible Yes 0 Dividend treatment Distributing Dividend scheduleQuarterly ISIN code IE00BF51K132 SEDOL BF2YV34-10 Bloomberg tickerPEMD LN Fund sizeUSD 47.87m NAV per share USD 15.88 -20 Shares in issue 3,014,523Nov-17 Dec-18 Dec-19Dec-20 Dec-21 Jan-23 Jan-24 Jan-25 Distribution yield 5.76%Cumulative performance as at 31 January 2025 (%) Yield to maturity6.67% 1Y 3Y 5Y10Y Fund inception Yield to worst 6.67%ETF 9.02 2.910.72 - 11.75 Effective duration 6.91 Index9.91 2.590.58 33.11 12.43 SFDR classification Article 6 Calendar year performance (%)2024 2023 202220212020 2019 2018 20172016 2015 ETF 6.2410.31 -15.98 -2.775.39 12.92 -4.60 - -- 1 Ongoing charge includes management fee, custody and Index 7.0310.96 -17.43 -2.325.17 13.35 -4.20 - -- administration costs but excludes transaction costs. CostsStandardised rolling 12 month performance (%) may increase or decrease as result of currency and 01.24 01.2301.22 01.21 01.20 01.19 01.1801.17 01.16 01.15 exchange rate fluctuations. Consult the legal documents for01.25 01.2401.23 01.22 01.21 01.20 01.1901.18 01.17 01.16 further information on costs. ETF 9.02 5.44 -10.47 -4.372.34 10.04 -0.32- - - Index 9.91 5.93 -11.88 -4.042.17 10.47 0.03- - - 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 (%)Top exposures (%)(Total holdings: 310) Name Coupon Maturity Weight ARGENTINA 4.125% 09/07/354.13 09 Jul 20351.31 ARGENTINA 5% 09/01/385.00 09 Jan 2038 0.98 ARGENTINA 4.125% 09/07/354.13 09 Jul 20350.88 QATAR 4.817% 14/03/494.82 14 Mar 2049 0.77 ARGENTINA 0.75% 09/07/30 0.75 09 Jul 20300.76 ARGENTINA 3.5% 09/07/41 3.50 09 Jul 20410.73 OMAN GOV INTERNTL BOND 6% 01/08/29 6.00 01 Aug 2029 0.66 SAUDI INTERNATIONAL BOND 4.5% 26/10/46 4.50 26 Oct 2046 0.61 ARGENTINA 0.75% 09/07/30 0.75 09 Jul 20300.60 SAUDI INTERNATIONAL BOND 4.75% 18/01/28 4.75 18 Jan 2028 0.52  Saudi Arabia 8.9 Source: Invesco, as at 31 Jan 2025  Turkey 7.2  Indonesia6.6 Credit ratings (%) Maturity (%)  Mexico 6.4 AA 12.77 9 to 12 months1.46  Argentina6.0 A 13.06 1 to 3 years 14.72  United Arab Emirates 5.5 BBB31.99 3 to 5 years 13.24  Philippines 3.9 BB 22.94 5 to 10 years29.10  Brazil 3.7 B 8.56 10 to 20 years 16.95  Qatar3.6 CCC 8.80 20+ Years23.34  Others 48.2 Not Rated 0.68 Cash and/or Derivatives 1.20 Source: Invesco, as at 31 Jan 2025 Cash and/or Derivatives 1.20 Sector allocation (%)Source: Invesco, as at 31 Jan 2025 Source: Invesco, as at 31 Jan 2025 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.  Government Related 98.4 If investors are unsure if this product is suitable for them, they should seek advice from a financial adviser.  Cash and/or Derivatives 1.2 Current tax levels and reliefs may change. Depending on individual circumstances, this may affect investment returns.  Treasuries 0.4 UCITS ETF’s units / shares purchased on the secondary market cannot usually be sold directly back to UCITS ETF. Investors must Source: Invesco, as at 31 Jan 2025 buy and sell units / shares on a secondary market with the assistance of an intermediary (e.g. a stockbroker) and may incur fees Please see etf.invesco.com for ETP holdings information. for doing so. In addition, investors may pay more than the current net asset value when buying units / shares and may receive less Holdings are subject to change. than the current net asset value when selling them. “Bloomberg®” and the Bloomberg Emerging Markets USD Sovereign Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index (collectively, “Bloomberg”) and have been licensed for use for certain purposes by Invesco. Bloomberg is not affiliated with Invesco, and Bloomberg does not approve, endorse, review, or recommend the Invesco Emerging Markets USD Bond UCITS ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Invesco Emerging Markets USD Bond UCITS ETF. The yield shown is expressed as a % per annum of the current NAV of the fund. It is an estimate for the next 12 months, assuming that the fund’s portfolio remains unchanged and there are no defaults or deferrals of coupon payments or capital repayments. The yield is not guaranteed. Nor does it reflect any charges. Investors may be subject to tax on distributions. For the full objectives and investment policy please consult the current prospectus. The ESG information is for illustrative purposes only. Providing this information is not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in the legal offering documents ESG integration does 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. 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. Effective Duration: Effective Duration is a measure of the potential impact on a bond’s (or a portfolio of bonds’) price of a 1% change in interest rates, across all maturities. This measure takes into account the possible changes in expected bond cash flows for bonds with embedded optionality (for example, the bond issuer’s right to redeem bonds at a pre-determined price on certain dates) due to the 1% change in interest rates. 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. Common examples of factors include Value, Quality and Momentum. A factor strategy may seek to target just one factor or combine multiple factors. 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"). Investment Grade: Refers to the quality of a company's credit. To be considered an investment grade issue, the company must be rated at 'BBB' or higher by a recognized credit rating agency. Companies with an investment grade credit rating are generally considered to be lower risk than those with sub investment grade ratings, also known as high yield issuers. ISA: Individual Savings Account. A type of investment 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. Replication Method: Strategy employed by the fund to achieve its objective. SIPP: Self-Invested Pension Plan. A type of UK pension for which a person makes their own investment decisions. UCITS: Undertakings for Collective Investments in Transferable Securities. European regulatory framework for an investment vehicle that can be marketed 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. US Treasuries: US Treasury bonds are government debt securities issued by the US Federal government. Yield To Maturity: The rate of the return anticipated on a bond if it is held until the maturity date. Yield To Worst (YTW): is the most conservative measure of yield that can be received on a bond assuming that it doesn’t default on its payments.For a callable bond, it will be the lower of the yield to maturity (YTM) or yield to call (YTC). Yield to Call (YTC): is the yield on a callable bond that assumes a bond is called by the issuer at the earliest opportunity.