31 December 2021 Invesco AT1 Capital Bond UCITS ETF Dist This marketing communication is for Professional / Qualified Investors and Qualified Trading information Clients as specified in the Important Information section. It is not for consumer use in other countries. Please do not redistribute. Investors should read the legal documents prior to Exchange London Stock investing. ExchangeTrading currency GBX This factsheet contains a summary of the Invesco AT1 Capital Bond UCITS ETF Dist, an exchange ISIN IE00BG0TQB18 traded fund (ETF), and is for discussion purposes only. Please consult the Key Investor InformationBloombergAT1D LN Document and prospectus and note the additional important information overleaf.1Index Information Investment objective IndexiBoxx USD The Invesco AT1 Capital Bond UCITS ETF Dist aims to track the total return performance of the Contingent iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8/5% Issuer Cap) Index, less Convertible Liquid fees. Developed Market AT1 (8/5% Issuer Key product characteristics Cap) Index  Transparent fees and costs Currency USD About the indexETF Information The index is a customized version of the iBoxx USD Contingent Convertible Liquid Developed Replication Physical Market AT1 index in which the weight of the top 5 issuers is capped at 8% and the remainingmethod⁴ issuers are capped at 5%. It is designed to reflect the performance of financial institutions' AT1 Base currency USD contingent convertible debt. It aims to offer a broad coverage of the USD AT1 capital bond Ongoing charge⁵ 0.39% p.a. universe, whilst upholding minimum standards of investability and liquidity. Dividends DistributingUK reporting status Yes Sector Exposure Credit RatingIssuer Invesco Markets II ■ Financial Institutions - 99.7% ■ BBB - 42.2%plc ■ Cash Securities - 0.3% ■ BB - 57.5% Investment Invesco Capital ■ NR - 0.3%Manager Management LLCDomicileIrelandFund inception 19 Jun 2018Share class 24 Sep 2018inception Portfolio weightings and allocations may change.Prospectus, KIID (Key Investor PerformanceInformation Document), Holdings & NAV ETF performance is in the fund’s base currency and includes reinvested dividends. ETF (Net Asset Value) performance is based on Net Asset Value after management fees and other ETF costs but does not consider any commissions or custody fees payable when buying, holding or selling the ETF.1 The website is not available to Hong Kong Historical index performance prior to the index launch date of 31 Dec 2013 is simulated and has Professional Investors and Singapore been calculated by the index provider using the index rules. The ETF does not charge entry or Institutional/Accredited Investors. For exit fees. Each period starts at the end of the indicated month. The first indicated month may not more information, please contact represent a full month and may start only on the launch/restructuring date indicated in this invest@invesco.com factsheet. Past performance (actual or simulated) is not a reliable indicator of future2 (ETF + 1)/(Index + 1) - 1 performance. 3 Data:Bloomberg4 Please see section ‘How does the ETF 24/09/1831/12/18 31/12/19 31/12/20 31/12/18 achieve its investment objective?’ on the 31/12/1831/12/19 31/12/20 31/12/21 31/12/21 second page for further information ETF -3.15% 18.79% 7.95% 4.42% 33.90% 5 Includes management fee, custody and administration costs but excludes Index³-2.92% 19.13% 8.70% 4.80% 35.71% transaction costs such as swap costs Difference² -0.24% -0.29% -0.69% -0.37% -1.34% n/a if displayed indicates insufficient data history Contact us invest@invesco.com etf.invesco.com Risk warningsForeign exchange forward contracts Currency trading is part of The value of investments, and any income from them, will fluctuate. credit establishments' foreign transactions and generally entails the This may partly be the result of changes in exchange rates. exchange of two different currencies. Investors may not get back the full amount invested. Forwards Forwards are derivatives that bet on a rise or fall in the The creditworthiness of the debt the Fund is exposed to may price of an underlying asset. They involve a contract stipulating the weaken and result in fluctuations in the value of the Fund. There is price to be paid for this underlying asset at certain point of time in no guarantee the issuers of debt will repay the interest and capital the future. on the redemption date. The risk is higher when the Fund is exposed Hedged Foreign exchange forward contracts are used to hedge to high yield debt securities. asset classes, i.e., to protect them against currency fluctuations. The Changes in interest rates will result in fluctuations in the value of theobjective is to achieve a performance that is just as great as the fund.performance of the underlying currency. This fund invests in contingent convertible bonds, a type of Investment grade (high quality) Fixed-income securities with high corporate debt security that may be converted into equity or forced credit quality (rated at least "BBB" by S&P). to suffer a write down of principal upon the occurrence of a pre-Swap Swaps are derivatives through which cash flows are determined event. If this occurs, the Fund could suffer losses. Otherexchanged for the purpose of managing risks. Two examples are notable risks of these bonds include liquidity and default risk. interest-rate and currency swaps. The Fund may be exposed to the risk of the borrower defaulting onTreasuries Negotiable debt obligations of a national (federal) its obligation to return the securities at the end of the loan period andgovernment. of being unable to sell the collateral provided to it if the borrowerUCITS An abbreviation for "Undertakings for Collective Investment defaults.in Transferrable Securities". In a European legal context, these are The Fund might be concentrated in a specific region or sector or be investment funds that invest in legally defined types of securities and exposed to a limited number of positions, which might result in other financial instruments (securities funds). greater fluctuations in the value of the Fund than for a fund that is more diversified.Important information This document is for professional investors in the UK, Ireland, What are ETFs? Switzerland, Denmark, Finland, Luxembourg, the Netherlands, ETFs are open-ended UCITS funds. Unlike traditional open-ended Norway, Portugal, Spain, Sweden and Qualified funds, ETFs can be bought and sold on a stock exchange like Clients/Sophisticated Investors in Israel; and in Singapore for ordinary shares. Institutional Investors/Accredited Investors only. This document How does this ETF achieve its investment objective? contains information that is for discussion purposes only. Marketing The ETF uses physical replication to aim to achieve the target index materials may only be distributed in other jurisdictions in compliance performance. The ETF invests its assets directly in the constituents with private placement rules and local regulations. of the benchmark index. By accepting this document, you consent to communicating with us About Invescoin English, unless you inform us otherwise. For more information on At Invesco, we want to help you get more out of life by striving to our funds and the relevant risks, please refer to the share class- deliver a superior investment experience. Our range of exchange- specific Key Investor Information Documents (available in local traded products are designed to help you make the most of your language), the Annual or Interim Reports , the Prospectus, and portfolio, with low cost products tracking established benchmark constituent documents, available from www.invesco.eu. A summary indices and a range of products that offer something a bit different.of investor rights is available in English from In fact, we’ve built a reputation for innovation and factor investing, sowww.invescomanagementcompany.ie. The management company many of the exposures we offer are not available from any other may terminate marketing arrangements. This document is marketing provider. We have the market knowledge to help you trade our material and is not intended as a recommendation to buy or sell any products efficiently today, plus the stability, resources and broaderparticular asset class, security or strategy. Regulatory requirements expertise that are needed to meet your objectives for the long term. that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any Buying and selling our ETFs prohibitions to trade before publication. This document should not be To buy or sell our ETFs, please consult your broker or financial adviser.considered financial advice. Persons interested in acquiring the fund should inform themselves as to (i) the legal requirements in the countries of their nationality, residence, ordinary residence or Glossary domicile; (ii) any foreign exchange controls and (iii) any relevant tax AT1 Capital Bonds AT1 capital bonds are securities issued by consequences. Any calculations and charts set out herein are financial institutions that generally carry higher yields than traditional indicative only, make certain assumptions and no guarantee is given fixed income securities. These bonds are designed to prevent that future performance or results will reflect the information herein. contagion in the financial sector by acting as a readily-available For details on fees and other charges, please consult the source of bank capital in times of crises. prospectus, the KIID and the supplement of each product. UCITS AT1 Contingent Convertible Bonds AT1 Contingent Convertible ETF’s units / shares purchased on the secondary market cannot Bonds are a type of corporate debt security that may be convertedusually be sold directly back to UCITS ETF. Investors must buy and into equity or could be forced to suffer a write down of principal orsell units / shares on a secondary market with the assistance of an suspension of coupons upon the occurrence of a pre-determinedintermediary (e.g. a stockbroker) and may incur fees for doing so. In credit event.addition, investors may pay more than the current net asset value Benchmark An index serving as a reference; a means of comparing when buying units / shares and may receive less than the current securities' valuations. net asset value when selling them. For the full objectives and Cash Securities Highly liquid securities with high credit quality, investment policy please consult the current prospectus. typically held for a short-time period. iBoxx is a registered trademark of Markit Indices Limited. Markit Contingent Convertible Bonds So-called "CoCo bonds" are aIndices Limited owns all iBoxx data, database rights, indices and all company's mandatory convertible bonds that convert into shares asintellectual property rights therein. A licence is required from Markit soon as the company's equity capital ratio falls below a pre-Indices Limited to create and/or distribute any product that uses, is determined value.based upon or refers to any iBoxx index or iBoxx data. Derivative Derivatives are financial instruments whose prices areCredit ratings for each fund constituent are based on long-term driven by the price shifts or price expectations of another financialratings provided by S&P, Moody’s and Fitch. Ratings are converted instrument, which is called the "underlying". Many derivatives are to the equivalent S&P major rating category and Invesco calculate designed to react disproportionately to shifts in the price of the the average rating of the three agencies where more than one is underlying. Derivatives can be used for both hedging and provided. A security that is unrated is not necessarily of low quality. speculative purposes. The most common derivatives are certificates, Ratings and portfolio credit quality may change over time. Ratings options, futures and swaps. are statements of opinion and are not statements of fact or ETCs Exchange traded commodities, listed debt instruments backed recommendations to purchase, hold or sell securities. They do not by a commodity. address the market value of securities or the suitability of securities ETF Exchange traded fund. A type of fund that is traded on the for investment purposes, and should not be relied on as investment stockmarket like ordinary shares. ETFs can be bought and soldadvice. Although ratings provided by S&P Global Market Intelligence during trading hours, like ordinary shares, whereas other types of (together with its affiliates “S&P”) may be used as an input in funds are priced once a day only.creating the Composite Score, S&P does not sponsor, endorse or Factor Investing An investment strategy in which securities are promote the Composite Score. S&P shall not be liable for any direct, chosen based on certain characteristics and attributes that may indirect, incidental, exemplary, compensatory, punitive, special or explain differences in returns. consequential damages, costs, expenses, legal fees, or losses (including lost income or profits and opportunity costs or losses caused by negligence) in connection with any use of the Composite Score or any ratings used as an input thereto. To the extent that the Composite Score has been created using a rating provided by S&P, such rating was used under license from S&P and S&P reserves all rights with respect to such rating. No action has been taken or will be taken in Israel that would permit a public offering of the Fund or distribution of this document to the public in Israel. This Fund has not been approved by the Israel Securities Authority (the ISA). Accordingly, the Fund shall only be sold in Israel to an investor of the type listed in the First Schedule to the Israeli Securities Law, 1968, which has confirmed in writing that it falls within one of the categories listed therein (accompanied by external confirmation where this is required under ISA guidelines), that it is aware of the implications of being considered such an investor and consents thereto, and further that the Fund is being purchased for its own account and not for the purpose of re-sale or distribution. This document may not be reproduced or used for any other purpose, nor be furnished to any other person other than those to whom copies have been sent. Nothing in this document should be considered investment advice or investment marketing as defined in the Regulation of Investment Advice, Investment Marketing and Portfolio Management Law, 1995 (“the Investment Advice Law”). Investors are encouraged to seek competent investment advice from a locally licensed investment advisor prior to making any investment. Neither Invesco Ltd. Nor its subsidiaries are licensed under the Investment Advice Law, nor does it carry the insurance as required of a licensee thereunder. This document does not constitute an offer to sell or solicitation of an offer to buy any securities or fund units other than the fund offered hereby, nor does it constitute an offer to sell to or solicitation of an offer to buy from any person or persons in any state or other jurisdiction in which such offer or solicitation would be unlawful, or in which the person making such offer or solicitation is not qualified to do so, or to a person or persons to whom it is unlawful to make such offer or solicitation. The representative in Switzerland and paying agent is BNP Paribas Securities Services, Paris, succursale de Zurich, Selnaustrasse 16, 8002 Zurich, Switzerland. The funds are domiciled in Ireland. The legal offering documents (Prospectus, annual & semi-annual reports, articles/trustee deed/management regulations) are available free of charge from the representative for the funds distributed in Switzerland. This document has been communicated by Invesco Investment Management Limited, Ground Floor, 2 Cumberland Place, Fenian Street, Dublin 2, Ireland, Invesco Asset Management Limited, Perpetual Park, Perpetual Park Drive, Henley-on-Thames, Oxfordshire RG9 1HH, UK. Authorised and regulated by the Financial Conduct Authority and Invesco Asset Management (Schweiz) AG, Talacker 34, 8001 Zurich, Switzerland. Singapore This document is provided to Institutional Investors only in Singapore. Not for further distribution. The strategy or strategies mentioned in this document (if any) may be adopted by a fund or different funds. This document has not been registered as a prospectus with the Monetary Authority of Singapore. Accordingly, this document and any other document or material in connection with the offer or sale, or invitation for subscription or purchase, of the fund(s) mentioned in the document (the “Fund(s)”) (if any) may not be circulated or distributed, nor may the Fund(s) be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore other than (i) to an institutional investor under Section 304 of the Securities and Futures Act, Chapter 289 of Singapore (the “SFA”) or (ii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA. As the Fund(s) is/ are not denominated in Singapore dollars, eligible investors must be aware of their exposure to foreign currency exchange risk. This document is issued in Singapore by Invesco Asset Management Singapore Ltd, 9 Raffles Place, #18-01 Republic Plaza, Singapore 048619. ESG Supplement As at 31 December 2021 Invesco's Commitment to ESG Investing ESG Profile Fund At Invesco, our commitment to ESG investing isESG Fund Rating (AAA-CCC) AAA a key element of our ambition to be the most ESG Quality Score (0-10) 10.0 client-centric asset manager. Environmental Pillar Score8.7 Environmental, social, and governance (ESG)Social Pillar Score 5.2 considerations are a critical part of our corporate culture, and we appreciate they also Governance Pillar Score 5.7 may be important in your own investment ESG % Coverage 99.6 strategy. Although not all of our ETFs follow an index with specific ESG characteristics, the information on Carbon Footprint Fund this page provides transparency to help you Scope 1 Emissions (tons CO2e) 96.9 identify long-term risks and opportunities in Scope 2 Emissions (tons CO2e) 619.4 your investments. Total Carbon Intensity (tons CO2e/$M) 3.8 Business involvement screens can help you gain better insights into potentially controversial Wtd Avg Carbon Intensity (tons CO2e/$M)3.6 business activities that a fund or index may be exposed to. All ESG, carbon emissions, and business MSCI ESG Rating Distribution ESG Trend Momentum involvement data are sourced from MSCI ESGDistribution of ESG Ratings across the fundThe percentage of companies held by the Research. In order to assess the ESG profile, from AAA (best) to CCC (worst).fund or index that have improved their ESG the fund or index must have at least 10 100% Rating, (positive), have no change (stable) securities or constituents, and 65% of the or worsened (negative) since the previous fund's weight must be covered by MSCI ESG 80% rating. Research. For more details, please see MSCl'sTrendFund methodology on www.msci.com60% Positive 63.4% Stable36.6% Article 6 SFDR 40% Negative - For the purposes of meeting the requirements of Article 6 SFDR, we have disclosed 20% Unrated - information on Sustainability Risks in the Prospectus Addendum found on0% etf.invesco.com Corporate Governance Fund AAA AAA BBB BBBCCC FundBoard Independence86.8% Important ESG InformationFemale Directors 38.0% The above information is for illustrative purposes only. Providing this information is Business Screening and Exclusions Fund not indicative of how or whether ESG UN Global Compact Violations - factors will be integrated into a fund. Unless Civilian Firearms- otherwise stated in the legal offering documents (fund and share class specific Controversial Weapons- Key Investor Information Document (KIID), Conventional Weapons - prospectus, annual & semi-annual reports),Nuclear Weapons - the ESG information provided on this page Tobacco - does not change a fund's investment objective or policy or constrain the fund's Thermal Coal - investable universe. For more information Oil Sands- regarding a fund's investment strategy, Recreational Cannabis- please see the fund's prospectus, available free of charge on our website ESG Rating DistributionAAA AA A BBBBB B CCC Not etf.invesco.com and from the issuers. The by Sector1 Rated rating may vary from one rating agency to another. The rating may change over time Communication Services - -- - - - - - and is not a guarantee of future Consumer Discretionary - -- - - - - - performance of the fund. Consumer Staples- -- - - - - - Energy - -- - - - - - Financials 8.1% 66.1% 21.9% 3.5% - - - - Health Care - -- - - - - - Industrials - -- - - - - - Information Technology - -- - - - - - Materials - -- - - - - - Real Estate - -- - - - - - Utilities - -- - - - - - Other - -- - - - - - Glossary Certain information ©2021 MSCI ESGResearch LLC. Reproduced by permission; no MSCI ESG Fund Rating: Designed to measure the ESG risks and opportunities of a fund's further distribution. This report contains certain underlying holdings, making it possible to rank or screen mutual funds and ETFs and on a AAA information (the "Information") sourced from to CCC ratings scale. This rating aims to provide fund level transparency and measure the ESG MSCI ESG Research LLC, or its affiliates or characteristics of the total portfolio. It is calculated as a direct mapping of MSCI ESG Quality information providers (the "ESG Parties"). The Scores to letter rating categories. ESG Leaders are companies with an ESG rating of AAA or AA information may only be used for your internal (best in class), and ESG Laggards are companies with an ESG rating of B or CCC.use, may not be reproduced or redisseminatedin any form and may not be used as a basis for, MSCI ESG Quality Score: Calculated as the weighted average of the underlying holding's ESG or a component of, any financial instruments or Scores. It is provided on a 0-10 scale, with 0 and 10 being the respective lowest and highest products or indices. possible scores. MSCI scores underlying holdings according to their exposure to 20 industry specific material ESG risks and their ability to manage those risks relative to peers. These issuer- Although they obtain information from sources level ESG scores correspond to an issuer-level ESG rating. The scores are based on industry- they consider reliable, none of the ESG Parties adjusted company ratings from MSCI.warrants or guarantees the originality, accuracyand/or completeness, of any data herein and ESG % Coverage: The percentage of the fund and benchmark where MSCI ESG Research isexpressly 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. Theand 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 arecommendation to make (or refrain from CO2 Scope 2 Emission: A company's Scope 2 energy indirect emissions (tCO2e) frommaking) any kind of investment decision and operations. The energy indirect emissions data represents the final, MSCI reviewed andmay not be relied on as such, nor should it be approved value based on the MSCI methodology, which selects the accurate value fromtaken 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 byany liability for any errors or omissions in MSCI. It uses the carbon intensity metrics at the company level (Scope 1 + Scope 2) per US$1 connection with any data herein, or any liability million of revenue. For government bonds, it uses total country carbon emissions per US$1 for any direct, indirect, special, punitive, million GDP. consequential or any other damages (includinglost profits) even if notified of the possibility of Wtd Avg (Weighted Average) Carbon Intensity: Measures the fund or index exposure to thesuch damages. carbon emissions and intensity associated with its holdings, based on carbon expertise and research provided by MSCI. It uses the carbon intensity metrics at the company level (Scope 1 +1 The ESG rating distribution table does not Scope 2) per US$1 million of revenue (for government bonds, it uses total country carbon include cash positions and therefore may not emissions per US$1 million GDP), calculated as the weighted average by fund or index weight. total 100%. Board Independence: Weighted average percentage of board members that meet the MSCI criteria for independence. Female Directors: Weighted average percentage of female board members. SFDR: Part of the EU's Sustainable Finance Action Plan, the Sustainable Finance Disclosure Regulation (SFDR, also known as Disclosure Regulation) aims to promote transparency on sustainability by ensuring that participants in the financial services sector provide consistent information to clients in relation to the sustainability of the products and services they provide. Article 6: The requirement under SFDR to describe the manner in which sustainability risks are 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. 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: invest@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.