This marketing communication is for professional Investors in the UK only. Investors should read the legal documents prior to investing. As of 28 February 2025 Invesco AT1 Capital Bond UCITS ETF Dist AT1D Fund objective Investment risks The Invesco AT1 Capital Bond UCITS ETF Dist aims toFor complete information on risks, refer to the legal documents. The value of investments will fluctuate and you may not get back track the total return performance of the iBoxx USDthe full amount invested. The creditworthiness of the debt the Fund is exposed to may weaken and result in fluctuations in the Contingent Convertible Liquid Developed Market AT1 (8% 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 Issuer Cap) Index, less fees. higher when the Fund is exposed to high yield debt securities. Changes in interest rates will result in fluctuations in the value of thefund. 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 An investment in this fund is an acquisition of units in a period and of being unable to sell the collateral provided to it if the borrower defaults. The Fund might be concentrated in a specific passively managed, index tracking fund rather than in region, sector or a limited number of positions, causing greater value fluctuations than for a more diversified fund. This Fund the underlying assets owned by the fund. invests in contingent convertible bonds, a type of corporate debt security that may be converted into equity or forced to suffer awrite down of principal upon the occurrence of a pre-determined event. If this occurs, the Fund could suffer losses. Other notable ETF informationrisks of these bonds include liquidity and default risk. Fund launch date 19 June 2018 About the index Share class launch date24 September 2018 The Reference Index is a customized version of the iBoxx USD Contingent Convertible Liquid Developed Market AT1 Index in Ongoing charge 10.39% p.a. which business involvement eligibility screening criteria is applied and the weight of an issuer is capped at 8%. It measures the Fund base currency USD performance of financial institutions' AT1 contingent convertible debt and aims to offer a broad coverage of the USD AT1 capital Share class currency USD bond universe whilst upholding minimum standards of investability and liquidity. Currency hedged NoPast performance does not predict future returns. Index iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8%Indexed performance, % growth since inception Issuer Cap) Index (USD)  Invesco AT1 Capital Bond UCITS ETF Dist Index currency USD  iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) Index (USD) Index Bloomberg ticker IBXXC1D3 45 Replication method Physical UCITS compliant Yes Umbrella fundInvesco Markets II plc 30 Investment manager Invesco Capital Management LLC DomicileIreland UK reporting status Yes 15 ISA eligible No SIPP eligibleNo Dividend treatment Distributing Dividend schedule Quarterly 0 ISIN code IE00BG0TQB18 SEDOLBG0TQB1 Bloomberg ticker AT1D SW-15 Fund size USD 1,025.99m Sep-18 Aug-19Jul-20Jun-21 May-22 Apr-23 Mar-24Feb-25 NAV per share USD 19.02 Cumulative performance as at 28 February 2025 (%) Shares in issue 4,577,6401Y3Y 5Y 10Y Fund inception Distribution yield 6.15% ETF 12.21 8.6617.76 - 35.00 Yield to maturity7.96% Index 12.43 9.5820.03 - 38.37 Yield to worst 6.55% Effective duration 3.01Calendar year performance (%) SFDR classificationArticle 82024 2023 20222021 20202019 2018 20172016 2015ETF 10.57 2.17 -9.964.42 7.95 18.79 - - - -Index 10.80 2.59 -9.724.80 8.70 19.13 - - - -Standardised rolling 12 month performance (%) 1 Ongoing charge includes management fee, custody and 02.24 02.2302.22 02.21 02.20 02.1902.18 02.17 02.16 02.15 administration costs but excludes transaction costs. Costs 02.25 02.2402.23 02.22 02.21 02.2002.19 02.18 02.17 02.16 may increase or decrease as result of currency and ETF 12.21 -0.10-3.06 -0.829.27 11.77- - - - exchange rate fluctuations. Consult the legal documents forIndex12.43 0.27-2.80 -0.44 10.02 12.16- - - - further information on costs.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 (%)Top exposures (%)(Total holdings: 101) NameCouponMaturity Weight Barclays PLC VAR 15/12/73 8.00 15 Dec 2173 2.41 Barclays PLC VAR 15/03/73 9.63 15 Mar 2173 2.23 Deutsche Bank AG VAR 30/04/73 7.50 30 Apr 2173 1.96 Banco Santander SA VAR 01/11/738.00 01 Nov 2173 1.95 Banco Santander SA VAR 21/02/749.63 21 Feb 2174 1.90 Lloyds Banking Group PLC VAR 27/12/73 7.50 27 Dec 2173 1.87 NatWest Group PLC VAR 30/09/73 6.00 30 Sep 2173 1.82 Barclays PLC VAR 15/12/73 6.13 15 Dec 2173 1.74 Lloyds Banking Group PLC VAR 27/06/73 8.00 27 Jun 2173 1.62 Deutsche Bank AG VAR 30/04/73 6.00 30 Apr 2173 1.59  United Kingdom 35.7 Source: Invesco, as at 28 Feb 2025  France 20.4 Please note that the majority or all of bonds in this ETF are perpetual and do not have a specific maturity date.  Spain 11.6  Netherlands 8.0 Credit ratings (%)Maturity (%)  Switzerland 7.3  Germany 6.1 A 0.96 20+ Years100.15  Finland 3.7 BBB 44.56 Cash and/or Derivatives -0.15  Australia2.8 BB54.63  Denmark 1.8 Cash and/or Derivatives -0.15  Others 2.6 Source: Invesco, as at 28 Feb 2025Source: Invesco, as at 28 Feb 2025 Source: Invesco, as at 28 Feb 2025 Important information Sector allocation (%)This marketing communication is for professional clients 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. 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 fees for doing so. In addition, investors may pay more than the current net asset value when buying units / shares and may receive less  Financial Institutions 100.2 than the current net asset value when selling them.  Cash and/or Derivatives -0.1 The iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) referenced herein is the property of Markit Source: Invesco, as at 28 Feb 2025 Indices Limited and is used under license. The funds or securities referred to herein are not sponsored, endorsed, or promoted by Please see etf.invesco.com for ETP holdings information. Markit Indices Limited. Holdings are subject to change. 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. 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 Product that is difficult to understand. The CNMV in Spain considers that, in general, Invesco AT1 Capital Bond UCITS ETF Dist is not appropriate for retail investors. This material has been communicated by Invesco Investment Management Limited, Ground Floor, 2 Cumberland Place, Fenian Street, Dublin 2, Ireland. Glossary AT1 Contingent Convertible Bonds: Additional Tier 1 (AT1) capital bonds are securities issued by banks that contribute to the total amount of capital required for regulatory purposes. They have a predefined trigger which means that they will automatically be converted into equity or cash to return capital back above the regulatory minimum if an issuer’s capital falls below that level. 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 Investment 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. ESG Supplement As at 28 February 2025 Article 6 SFDRESG Profile1 Fund 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) 8.0 Prospectus Addendum found on Environmental Pillar Score8.9 etf.invesco.comSocial Pillar Score 4.6Governance Pillar Score 6.2 Article 8 SFDRESG % Coverage100.0 We consider that this fund is promoting environmental or social characteristics and meets the criteria in Article 8 of the SFDR. For Carbon Footprint1 Fund further information please refer to the Prospectus Addendum and the index Scope 1 Emissions (tons CO2e) 57.7 provider's methodology found on Scope 2 Emissions (tons CO2e) 346.0 etf.invesco.com Total Carbon Intensity (tons CO2e/USDM)2.7 Wtd Avg Carbon Intensity (tons CO2e/USDM) 1.7 Invesco’s Approach to ESG Invesco has an investment-led ESG approach. We provide a comprehensive range of ESG- MSCI ESG Rating Distribution1 ESG Trend Momentum1 focused capabilities that enable clients to Distribution of ESG Ratings across the fundThe percentage of companies held by the express their values through investing. Where from AAA (best) to CCC (worst).fund or index that have improved their ESG appropriate, for certain funds, we also integrate 100% Rating, (positive), have no change (stable) financially material ESG considerations, taking or worsened (negative) since the previous into account critical factors that help us deliver80% rating. strong outcomes to clients. TrendFund Although not all of our ETFs follow an index with60% Positive 6.8% specific ESG characteristics, the information on this page provides transparency to help you Stable93.2% identify long-term risks and opportunities in 40% Negative - your investments.20% Unrated - Business involvement screens can help you gain better insights into potentially controversial business activities that a fund or index may be 0% Corporate Governance Fund exposed to. AAA AAA BBB BBBCCC FundBoard Independence84.7% All ESG, carbon emissions, and business involvement data are sourced from MSCI ESG Female Directors 40.1% Research. In order to assess the ESG profile, the fund or index must have at least 10 securities or constituents, and 65% of theBusiness Screening and Exclusions Fund fund's weight must be covered by MSCI ESG UN Global Compact Violations - Research. For more details, please see MSCl's Civilian Firearms- methodology on www.msci.com Controversial Weapons- Conventional Weapons - Important Information The information presented in this section is for Nuclear Weapons - illustrative purposes only. Providing thisTobacco - information is not indicative of how or whether Thermal Coal - ESG factors will be integrated into the fund. Unless otherwise stated in the legal offering Oil Sands- documents, the ESG information provided inRecreational Cannabis- this document does not change the fund's investment objective or policy or constrain the fund's investable universe. Ratings may vary ESG Rating DistributionAAA AA A BBBBB B CCC Not from one rating agency to another. A rating may by Sector1,2 Rated change over time and is not a guarantee ofCommunication Services - -- - - - - - future performance of the fund. Consumer Discretionary - -- - - - - - Consumer Staples- -- - - - - - Energy - -- - - - - - Financials 1.7% 95.0% 1.5% 1.8% - - - - Health Care - -- - - - - - Industrials - -- - - - - - Information Technology - -- - - - - - Materials - -- - - - - - Real Estate - -- - - - - - Utilities - -- - - - - - Other - -- - - - - - Glossary Certain information ©2025 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 ESG rating distribution table does not Regulation (SFDR, also known as Disclosure Regulation) aims to promote transparency on sustainability by ensuring that participants in the financial services sector provide consistent include cash positions and therefore may not information to clients in relation to the sustainability of the products and services theytotal 100%. provide.The supplement of the fund and the management company website contain further information on compliance with SFDR. 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. 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.