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 MSCI USA UCITS ETF Dist MXUD Fund objective Investment risks The Invesco MSCI USA UCITS ETF Dist aims to track the For complete information on risks, refer to the legal documents. The value of investments, and any income from them, will net total return performance of the MSCI USA Index, lessfluctuate. This may partly be the result of changes in exchange rates. Investors may not get back the full amount invested. The fees. Fund’s ability to track the benchmark’s performance is reliant on the counterparties to continuously deliver the performance of the benchmark in line with the swap agreements and would also be affected by any spread between the pricing of the swaps and the An investment in this fund is an acquisition of units in a pricing of the benchmark. The insolvency of any institutions providing services such as safekeeping of assets or acting as passively managed, index tracking fund rather than in counterparty to derivatives or other instruments, may expose the Fund to financial loss. The Fund might be concentrated in a the underlying assets owned by the fund.specific region or sector or be exposed to a limited number of positions, which might result in greater fluctuations in the value of the Fund than for a fund that is more diversified. The value of equities and equity-related securities can be affected by a number of ETF information factors including the activities and results of the issuer and general and regional economic and market conditions. This may result in fluctuations in the value of the Fund. The fund might purchase securities that are not contained in the reference index and will Fund launch date 31 March 2009 enter into swap agreements to exchange the performance of those securities for the performance of the reference index. Share class launch date 11 November 2019 Ongoing charge 1 0.05% p.a. About the index Swap fee 1 0.07% p.a. The MSCI USA Index is a financial index providing exposure to large and mid capitalisation US equities, weighted by free float Fund base currency USDmarket capitalisation. The index is reviewed quarterly and rebalanced semi-annually. Share class currency USDPast performance does not predict future returns. Currency hedgedNo Index MSCI USA Index (USD) Indexed performance, % growth since inception Index currency USD  Invesco MSCI USA UCITS ETF Dist Index Bloomberg tickerNDDUUS  MSCI USA Index (USD) Replication method Synthetic 120 UCITS compliant Yes Umbrella fund Invesco Markets plc Investment manager Assenagon Asset Management 80 S.A. Custodian Northern Trust Fiduciary Services(Ireland) Limited 40 Domicile Ireland UK reporting status Yes ISA eligible Yes SIPP eligible Yes 0 Dividend treatment Distributing Dividend schedule Quarterly ISIN code IE00BK5LYT47 -40 SEDOL BKP4JJ8 Nov-19 Aug-20 May-21Feb-22 Nov-22 Aug-23 May-24 Jan-25 Bloomberg ticker MXUD LN Cumulative performance as at 31 January 2025 (%) Fund size USD 5,614.56m 1Y 3Y5Y 10Y Fund inception NAV per shareUSD 81.49 ETF 26.7739.41102.04 - 112.48 Shares in issue 394,014 Index 26.4137.97 98.33 - 108.38 Distribution yield 1.27% SFDR classification Article 6 Calendar year performance (%) 2024 2023 2022202120202019 2018 20172016 2015 ETF 24.94 26.93 -19.52 26.87 21.32 -- - -- Index 24.58 26.49 -19.85 26.45 20.73 -- - -- 1 Ongoing charge includes management fee, custody and Standardised rolling 12 month performance (%) administration costs but excludes transaction costs. The 01.24 01.2301.22 01.21 01.20 01.19 01.18 01.17 01.16 01.15 total cost is the sum of the ongoing charge figure and swap 01.25 01.2401.23 01.22 01.21 01.20 01.19 01.18 01.17 01.16 fee. Costs may increase or decrease as a result of currency ETF 26.77 20.95-9.07 20.81 19.96 - - - - - and exchange rate fluctuations. Consult the legal Index26.41 20.53-9.45 20.42 19.38 - - - - - documents for further information on costs. 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 (%)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 98.7 Current tax levels and reliefs may change. Depending on individual circumstances, this may affect investment returns.  United Kingdom 0.6 UCITS ETF’s units / shares purchased on the secondary market cannot usually be sold directly back to UCITS ETF. Investors must  Ireland 0.4 buy and sell units / shares on a secondary market with the assistance of an intermediary (e.g. a stockbroker) and may incur fees  Brazil 0.2 for doing so. In addition, investors may pay more than the current net asset value when buying units / shares and may receive less  Netherlands 0.1 than the current net asset value when selling them.  Jersey 0.0 The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI Inc. ("MSCI"), and MSCI bears no Source: Invesco, as at 31 Jan 2025 liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus Sector allocation (%)contains a more detailed description of the limited relationship MSCI has with Invesco and any related funds. 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. Derivative: Derivatives are financial instruments whose prices are driven by the price shifts or price expectations of another financial instrument, which is called the "underlying". Many derivatives are designed to react disproportionately to shifts in the price  Information 30.6 of the underlying. Derivatives can be used for both hedging and speculative purposes. The most common derivatives aretechnologycertificates, options, futures and swaps.  Financials 13.8 Distribution Yield: The distribution yield is a measurement of cash flow being paid. It’s the sum of the distributions over 12 months  Consumer11.7 divided by the net asset value (NAV) of the fund.discretionary ESG: Environmental, Social and Governance, three key factors in measuring sustainability and societal impact of a company.  Health care 10.5  Communication9.9 ETF: Exchange traded fund. A type of fund that is traded on the stockmarket like ordinary shares. ETFs can be bought and soldservices during trading hours, like ordinary shares, whereas other types of funds are priced once a day only.  Industrials 8.6 Factors: An investment approach that seeks to identify and invest in securities that display certain quantifiable characteristics.  Consumer staples 5.3 Common examples of factors include Value, Quality and Momentum. A factor strategy may seek to target just one factor or  Energy 3.2 combine multiple factors.  Utilities2.2 Hedged: The intended result of reducing the portfolio's exposure to a specific risk, such as the risk of fluctuations between  Others 4.2 currency exchange rates ("currency hedging"). Source: Invesco, as at 31 Jan 2025 ISA: Individual Savings Account. A type of investment account in the UK in which the tax on income is lower than usual, and there Top exposures (%)is no tax on profits made from an increase in the value of shares. Name WeightReplication Method: Strategy employed by the fund to achieve its objective. APPLE ORD6.75SIPP: Self-Invested Pension Plan. A type of UK pension for which a person makes their own investment decisions. NVIDIA ORD 5.54 Swap: A swap is a derivative contract where two parties agree to exchange separate streams of cashflows or returns. MICROSOFT ORD5.51 AMAZON COM ORD 4.22Synthetic Replication: Synthetic funds own a diversified portfolio of equities that may differ from the benchmark index. The ETF META PLATFORMS CL A ORD 2.83contracts with one or more banks (each a counterparty), which agree to pay any difference between the portfolio performance and ALPHABET CL A ORD2.25the index performance, less any applicable fees. These contracts are known as swaps. Using swaps ensures accurate index TESLA ORD2.19tracking but introduces counterparty risk: if a counterparty failed to pay the index performance due under the swap contract, the ALPHABET CL C ORD1.94ETF would instead rely on the performance of its portfolio of equities, which could be lower than the index performance. An ETF’s BROADCOM ORD 1.85exposure to a swap counterparty is limited by the UCITS regulation, and further limited by measures that we impose. JPMORGAN CHASE ORD 1.43UCITS: Undertakings for Collective Investments in Transferable Securities. European regulatory framework for an investment Source: Invesco, as at 31 Jan 2025 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 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.