Key Information DocumentPurpose: This document provides you with key information about this investment product. It is not marketingmaterial. The information is required by law to help you understand the nature, risks, costs, potential gains andlosses of this product and to help you compare it with other products.

Invesco USD AAA CLO UCITS ETF (the "Fund Fund"), Fund a sub-fund of Invesco Markets II plc (the "Company Company"), Company Dist (ISIN: IE000PKN5N58) (the "Share Share Class")

Class PRIIP Manufacturer: Invesco Investment Management Limited, part of the Invesco Group. 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. Contact Details: +353 1 439 8000, investorqueries@invesco.com or https://etf.invesco.com This document was produced on 21 January 2025. WARNING: You are about to purchase a product that is not simple and may be difficult to understand.Dividend Policy: What is this product?

This Share Class declares and distributes a dividend on a quarterly basis. Type:Redemption and Dealing of Shares: The Fund is an Exchange-Traded Fund ("ETF

ETF") ETF and is a sub-fund of the Company,

The Fund's shares are listed on one or more Stock Exchange(s). Investors can buy or a company incorporated in Ireland with limited liability as an umbrella type open- sell shares daily through an intermediary directly or on Stock Exchange(s) on which ended UCITS investment company with variable capital and segregated liability

the shares are traded. In exceptional circumstances investors will be permitted to between its sub-funds under the laws of Ireland with registered number 567964

redeem their shares directly from Invesco Markets II plc in accordance with the and authorised by the Central Bank of Ireland. redemption procedures set out in the prospectus, subject to any applicable laws Term:

and relevant charges. The Fund has no maturity date. The Fund may be terminated unilaterally by the

Intended Retail Investor: directors of the Company and there are circumstances in which the Fund can be terminated automatically, as further described in the prospectus.

The Fund is intended for professional or institutional investors aiming for income andmedium term capital growth who have a risk appetite and an investment horizon Objectives:consistent with the risk indicator displayed below and understand that there is no Investment objective:

capital guarantee or protection (100% of capital is at risk). The Company does not The investment objective of the Fund is to seek to provide consistent income and

permit the offering of Shares of this Fund on the secondary market to retail capital preservation over the long term.

investors. Investment approach:

Practical information The Fund is an actively managed Exchange-Traded Fund and is not constrained by a benchmark. The Fund may use the J.P. Morgan CLOIE AAA Index (the

Fund Depositary: The Bank of New York Mellon SA/NV, Dublin Branch, Riverside

Benchmark”) “Benchmark

Benchmark for performance comparison purposes. The Benchmark measures Two, Sir John Rogerson’s Quay, Grand Canal Dock, Dublin 2, D02 KV60, Ireland. the performance of US dollar-denominated, AAA rated CLO debt. The Fund willFind out more: Further information about the Fund can be obtained from the not seek to track the performance of the Benchmark.prospectus, latest annual report and any subsequent interim reports. This document To achieve the investment objective, the Fund will primarily invest in AAA-rated (or

is specific to the Fund. However, the prospectus, annual report and the interim equivalently rated by a nationally recognised statistical rating organisation) reports are prepared for the Company of which the Fund is a sub-fund. These tranches of US Dollar denominated floating rate debt securities issued by

documents are available free of charge. They can be obtained along with other collateralised loan obligations ("CLOCLOs”).CLOspractical information, such as share prices, at etf.invesco.com (select your country A CLO is a structure that issues fixed- or floating-rate debt securities that are

and navigate to the Documents section on the product page), by emailing collateralised by a pool of loans and bonds, which primarily includes senior

investorqueries@invesco.com or by calling +353 1 439 8000. These documents are secured loans, broadly syndicated loans, floating rate notes, high yield bonds and available in English, and in some instances, the language of the relevant country in subordinated corporate loans. Each CLO consists of rated debt tranches that paywhich the Fund is being marketed. interest, as well as a portion of equity. The CLO makes payments to the variousThe assets of the Fund are segregated as a matter of Irish law and as such, in tranches based on seniority. Each tranche has a different risk/return profile basedIreland, the assets of one sub-fund will not be available to satisfy the liabilities of on its priority claim on the cash flows. The more senior and higher rated the

another sub-fund. This position may be considered differently by the courts in tranche, the higher its priority claim on cash flows.

jurisdictions outside of Ireland. At least 80% of the CLO Debt Securities in which the Fund will invest will be AAA- Subject to satisfying certain criteria as set out in the prospectus, investors may be rated (as rated by at least one rating agency) CLO Debt Securities. Up to 20% of

able to exchange their investment in the Fund for shares in another sub-fund of the the CLO Debt Securities in which the Fund will invest may be below AAA-rated

Company which is being offered at that time. subject to such CLO Debt Securities being rated investment grade and predominantly comprising AA-rated CLO Debt Securities. If a security is downgraded, the Investment Manager will take such action as required as soon as reasonably practicable, taking due account of the interests of its Shareholders. The Fund may also invest in “middle-market CLOs”, which are CLO Debt Securities whose underlying loan collateral are substantially comprised of middle-market loans (i.e. loans with offering sizes generally below USD$250million). The Fund may invest up to 20% of its net assets in CLO Debt Securities that are denominated in currencies other than US dollar. The Fund may also invest a portion of its assets in cash or other short-term instruments for the purposes of liquidity management and managing redemptions. The Fund’s base currency is USD. The Fund may use derivative instruments for the purposes of managing risk, reducing costs, generating additional capital or income. The use of such instruments may impact the magnitude and frequency of the fluctuations in the value of the Fund. Investors should note that the Benchmark is the intellectual property of the index provider. The Fund is not sponsored or endorsed by the index provider and a full disclaimer can be found in the Fund’s prospectus.

What are the risks and what could I get in return? Risk Indicator We have classified this product as 2 out of 7, which is a low risk class. This rates thepotential losses from future performance at a low level and poor marketconditions are very unlikely to impact the value of your investment.

Lower riskHigher riskBe aware of currency risk. In some circumstances, you may receive paymentsin a different currency from your local currency, so the final final return you will getmay depend on the exchange rate between the two currencies. This risk is not

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considered in the indicator shown here.This product does not include any protection from future market performance soyou could lose some or all of your investment.

! The risk indicator assumes you keep the product for 3 years. The actual riskcan vary significantly if you cash in at an early stage and you may get backFor other risks materially relevant to this product which are not taken into accountin the summary risk indicator, please refer to the prospectus and/or the Fund’sless.

supplement.The summary risk indicator is a guide to the level of risk of this productcompared to other products. It shows how likely it is that the product willlose money because of movements in the markets or because we are notable to pay you. Page 1 of 3 | Key Information Document | 21 January 2025 Invesco USD AAA CLO UCITS ETF, a sub-fund of Invesco Markets II plc - Dist (IE000PKN5N58)

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 Fund/a suitable benchmark over the last 10 years. Markets could develop very differently in the future. The stress scenario shows what you might get back in extreme market circumstances.Recommended Holding Period: 3 years

Investment: USD 10,000

Scenarios If you exit after 3 years

Minimum: There is no minimum guaranteed return. You could lose some or all of your If you exit after 1 year (recommended holding period)

investment.

StressWhat you might get back after costs6,760 USD

7,910 USDAverage return each year-32.43%

-7.51%

Unfavourable¹

Unfavourable¹ What you might get back after costs9,840 USD

10,330 USDAverage return each year -1.60%

1.08%

Moderate²

Moderate² What you might get back after costs

10,270 USD

10,880 USDAverage return each year

2.69%

2.84%

Favourable³

Favourable³

What you might get back after costs

10,910 USD

11,710 USDAverage return each year 9.08%

5.39% ¹ This type of scenario occurred for an investment between September 2019 and September 2022. ² This type of scenario occurred for an investment between May 2020 and May 2023. ³ This type of scenario occurred for an investment between November 2021 and November 2024.

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

Depositary”),

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, how long you hold the product and how well the product does. 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 period, we have assumed the fund performs as shown in the moderate scenario and the investment is USD 10,000. Investment: USD 10,000 If you exit after 1 year

If you exit after 3 years

Total costs 38 USD 122 USD

Annual cost impact (*)

0.4%0.4%

(*) 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 3.2% before costs and 2.8% after costs. Page 2 of 3 | Key Information Document | 21 January 2025 Invesco USD AAA CLO UCITS ETF, a sub-fund of Invesco Markets II plc - Dist (IE000PKN5N58)

Composition of costs

One-

One-off costs upon entry or exit If you exit after 1 year We do not charge an entry fee for this product, but the person selling you the

Entry costs 0 USDproduct may do so. We do not charge an exit fee for this product, but the person selling you the

Exit costs

0 USDproduct may do so.Ongoing costs taken each yearIf you exit after 1 yearManagement fees and other0.35% of the value of your investment per year. This is an estimate based on

administrative or operating 35 USDactual costs over the last year.

costs 0.03% of the value of your investment per year. This is an estimate of the costs

Transaction costsincurred when we buy and sell the underlying investments for the product. The

3 USDactual amount will vary depending on how much we buy and sell.Incidental costs taken under specific conditions If you exit after 1 yearPerformance fees There is no performance fee for this product.

0 USD

How long should I hold it and can I take money out early? Recommended holding period: 3 years This Share Class has no required minimum holding period however we have selected 3 years as the recommended holding period as the Share Class invests for the medium term therefore you should be prepared to stay invested for at least 3 years. 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 “Redemption and Dealing of Shares” 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 3 years 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 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 on the product page). Past Performance: As this Share Class does not have performance data for a complete calendar year, there is insufficient data to provide a meaningful indication of past performance. 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. Page 3 of 3 | Key Information Document | 21 January 2025