Key Information Document Purpose This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products. Product Name of Product: Invesco US High Yield Fallen Angels UCITS ETF (the “Fund”), a sub-fund of Invesco Markets III plc (the “Company”), EUR Hdg Acc (ISIN: IE00BYVTMZ20) (the "Share Class") PRIIP Manufacturer: Invesco Investment Management Limited, part of the Invesco Group Website: www.invescomanagementcompany.ie/dub-manco Call +353 1 439 8000 or email investorqueries@invesco.com for more information. The Central Bank of Ireland is responsible for supervising Invesco Investment Management Limited in relation to this Key Information Document. This PRIIP is authorised in Ireland. Invesco Investment Management Limited is authorised in Ireland and regulated by the Central Bank of Ireland. Invesco Investment Management Limited as manager of the Company will exercise its rights pursuant to Article 16 of Directive 2009/65/EC. This Key Information Document is accurate as at 15 November 2024. What is this product? Type accordance with the redemption procedures set out in the Prospectus, subject to The Fund is an Exchange Traded Fund (“ETF”) and is a sub-fund of Invesco any applicable laws and relevant charges. Markets III plc, an open-ended investment company established under the laws of - The Fund may use derivative instruments for the purposes of managing risk, Ireland and authorised as a UCITS by the Central Bank of Ireland under EU Council reducing costs or generating additional capital or income. Directive 2009/65/EC. - The Share Class is denominated in EUR, to minimise the impact of fluctuations Term in the exchange rate between USD and EUR, the EUR Hedged Share Class enters The Fund has no maturity date. The Fund may be terminated unilaterally by the into foreign exchange transactions. directors of the Company and there are circumstances in which the Fund can be - Currency hedging between the base currency of the Fund and the currency of the terminated automatically, as further described in the prospectus. share class may not completely eliminate the currency risk between those two Objectivescurrencies and may affect the performance of the share class. - The objective of the Fund is to provide investors with investment results which,- This Share Class does not pay you income, but instead reinvests it to grow your before expenses, correspond to the price and yield performance of the FTSEcapital, in line with its stated objectives. Time-Weighted US Fallen Angel Bond Select Index (Total Return) (the "Index"). Intended Retail Investor - The base currency of the Fund is USD. The Fund is intended for investors aiming for medium to long term capital growth, - The Index measures the performance of US Dollar “fallen angels” i.e., US Dollar who may not have specific financial expertise but are able to make an informed corporate bonds which were a.) previously rated investment-grade (higher investment decision based on this document, the supplement, and the quality) and subsequently downgraded to high-yield (lower quality); or b.)prospectus, have a risk appetite consistent with the risk indicator displayed below previously rated high-yield, subsequently rated investment-grade and then and understand that there is no capital guarantee or protection (100% of capital is downgraded again to high yield. The Index is based on the FTSE Time-Weighted at risk). US Fallen Angel Bond Index which includes US Dollar-denominated bonds issued Practical Information by corporations domiciled in the US or Canada.Fund Depositary: The Bank of New York Mellon SA/NV, Dublin Branch, Riverside - Investors should note that the Index is the intellectual property of the index Two, Sir John Rogerson’s Quay, Grand Canal Dock, Dublin 2, D02 KV60, Ireland. provider. The Fund is not sponsored or endorsed by the index provider and a full Find out more: Further information about the Fund can be obtained from the disclaimer can be found in the Fund’s prospectus. prospectus, latest annual report and any subsequent interim reports. This - The Fund is a passively managed Exchange-Traded Fund. To achieve thedocument is specific to the Fund. However, the prospectus, annual report and the investment objective, the Fund will employ sampling techniques to select interim reports are prepared for the Company of which the Fund is a sub-fund. securities in the Index which may include but are not limited to index weighted These documents are available free of charge. They can be obtained along with average duration, industry sectors, country weights, liquidity and credit quality. The use of the sampling approach will result in the Fund holding a smaller number other practical information, such as share prices, at etf.invesco.com (select your of securities than are in the underlying Index. country and navigate to the Documents section of the product page), by emailing - The Index rebalances monthly. investorqueries@invesco.com or by calling +353 1 439 8000. - The Fund may engage in securities lending, whereby 90% of the revenues arising These documents are available in English, and in some instances, the language of from securities lending will be returned to the Fund and 10% of the revenues will the relevant country in which the Fund is being marketed. be retained by the securities lending agent. The Fund may be exposed to the risk The assets of the Fund are segregated as a matter of Irish law and as such, in of the borrower defaulting on its obligation to return the securities at the end of Ireland, the assets of one sub-fund will not be available to satisfy the liabilities of the loan period and of being unable to sell the collateral provided to it if the another sub-fund. This position may be considered differently by the courts in borrower defaults.jurisdictions outside of Ireland. - The Fund's shares are listed on one or more Stock Exchange(s). Investors can buySubject to satisfying certain criteria as set out in the prospectus, investors may be or sell shares daily through an intermediary directly or on Stock Exchange(s) on able to exchange their investment in the Fund for shares in another sub-fund of which the shares are traded. In exceptional circumstances investors will be the Company which is being offered at that time. permitted to redeem their shares directly from Invesco Markets III plc in What are the risks and what could I get in return? Risk IndicatorLower Risk1 23 4 5 67 Higher Risk The risk indicator assumes that you keep the product for 5 years. The actual risk can vary significantly if you cash in at an early stage and you may get back less. The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you. We have classified this product as 3 out of 7, which is a medium-low risk class. This rates the potential losses from future performance at a medium-low level, and poor market conditions are unlikely to impact the ability for you to receive a positive return on your investment. Be aware of currency risk. In some circumstances, you may receive payments in a different currency from your local currency, so the final return you will get may depend on the exchange rate between the two currencies. This risk is not considered in the indicator shown above. For other risks materially relevant to this product which are not taken into account in the summary risk indicator, please refer to the prospectus and/or the Fund’s supplement. This product does not include any protection from future market performance so you could lose some or all of your investment. Performance Scenarios The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product /a suitable benchmark over the last 10 years. The scenarios shown are illustrations based on results from the past and on certain assumptions. Markets could develop very differently in the future. The stress scenario shows what you might get back in extreme market circumstances. The unfavourable scenario occurred for an investment in the product/its proxy between September 2017 and September 2022. The moderate scenario occurred for an investment in the product/its proxy between April 2015 and April 2020. The favourable scenario occurred for an investment in the product/its proxy between February 2016 and February 2021. Recommended holding period: 5 years Example Investment: EUR 10,000 Scenarios If you exit after 1 year If you exit after 5 years Minimum There is no minimum guaranteed return. You could lose some or all of your investment. StressWhat you might get back after costs5,150 EUR 5,090 EURAverage return each year -48.50 % -12.63 % Unfavourable What you might get back after costs7,840 EUR 9,160 EURAverage return each year -21.62 % -1.74 % Moderate What you might get back after costs 10,240 EUR 10,900 EURAverage return each year 2.36 % 1.74 % FavourableWhat you might get back after costs 14,300 EUR 16,140 EURAverage return each year 42.99 %10.05 % What happens if Invesco Investment Management Limited is unable to pay out? The assets of the Fund are segregated from those of Invesco Investment Management Limited. In addition, The Bank of New York Mellon SA/NV, Dublin Branch (the "Depositary"), as the depositary of the Company, is responsible for the safekeeping of the assets of the Fund. To that effect, if Invesco Investment Management Limited defaults, there will be no direct financial impact on the Fund. In addition, the assets of the Fund shall be segregated from the Depositary’s assets, which may limit the risk for the Fund suffering some loss in case of default by the Depositary. As a shareholder in the Fund, there is no compensation or guarantee scheme in place. What are the costs? The person advising on or selling you this product may charge you other costs. If so, this person will provide you with information about these costs and how they affect your investment. Costs over time The tables show the amounts that are taken from your investment to cover different types of costs. These amounts depend on how much you invest and how long you hold the product. The amounts shown here are illustrations based on an example investment amount and different possible investment periods. We have assumed: - In the first year, you would get back the amount that you invested (0 % annual return). For the other holding periods we have assumed the product performs as shown in the moderate scenario. - EUR 10,000 is invested. If you exit after 1 year If you exit after 5 years Total costs74 EUR 409 EUR Annual cost impact (*) 0.7% 0.8% each year (*) This illustrates how costs reduce your return each year over the holding period. For example it shows that if you exit at the recommended holding period your average return per year is projected to be 2.5% before costs and 1.7% after costs. Composition of costs One-off costs upon entry or exit If you exit after 1 year Entry costsWe do not charge an entry fee for this product, but the person selling you the 0 EUR product may do so. Exit costs We do not charge an exit fee for this product, but the person selling you the 0 EUR product may do so. Ongoing costs [taken each year] Management feesandother 0.50% of the value of your investment per year. This is an estimate based on 50 EUR administrative or operating costs actual costs over the last year, or on expected costs if newly launched. Transaction costs 0.24% of the value of your investment per year. This is an estimate of the costs 24 EUR incurred when we buy and sell the underlying investments for the product. The actual amount will vary depending on how much we buy and sell. Incidental costs taken under specific conditions Performance fees There is no performance fee for this product. 0 EUR How long should I hold it and can I take money out early? Recommended holding period: 5 years This Share Class has no required minimum holding period however we have selected 5 year(s) as the recommended holding period as the Share Class invests for the long term therefore you should be prepared to stay invested for at least 5 year(s). You can sell your shares in the Share Class during this period, or hold the investment longer. For details of how to redeem your shares please refer to the “Objectives” section under “What is this product?” and consult the “What are the costs?” section for details of any applicable fees. If you sell some or all of your investment before 5 year(s) your investment will be less likely to achieve its objectives, however, you will not incur any additional costs by doing so. How can I complain? If you have any complaints about the Fund or the conduct of Invesco Investment Management Limited or the person advising on, or selling the Fund, you may lodge your complaint as follows: (1) You may log your complaint via email to investorqueries@invesco.com; and/or (2) You may send your complaint in writing to the ETF Legal Department, Invesco, Ground Floor, 2 Cumberland Place, Fenian Street, Dublin 2, Ireland, D02 H0V5. In the event that you are not satisfied with our response to your complaint you can refer the matter to the Irish Financial Services and Pensions Ombudsman by filling out an online complaint form on their website: https://www.fspo.ie/. For more information, please refer to the Shareholder Complaint Handling Procedure at https://www.invescomanagementcompany.ie/dub-manco. Other relevant information Additional Information: We are required to provide you with further information, such as the prospectus, the latest annual report and any subsequent interim reports. These documents and other practical information are available free of charge at etf.invesco.com (select your country and navigate to the Documents section of the product page). Previous Performance Scenarios: You can view the previous performance scenarios of the Share Class on our website at https://www.invesco.com/emea/en/priips.html. Past performance: You can find the past performance of the product and of the benchmark (where relevant) over the last 6 years at https://www.invesco.com/emea/en/priips.html.