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 Variable Rate Preferred Shares UCITS ETF (the "FundFund"),Fund a sub-fund of Invesco Markets II plc (the "CompanyCompany"),Company Acc (ISIN: IE00BHJYDT11) (the "ShareShare 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 November 2024. Dividend Policy: What is this product?

This Share Class does not pay you income, but instead reinvests it to grow your Type:

capital, in line with its stated objectives. The Fund is an Exchange-Traded Fund ("ETFETF")

ETF and is a sub-fund of the Company,

Redemption and Dealing of Shares: a company incorporated in Ireland with limited liability as an umbrella type open-

The Fund's shares are listed on one or more Stock Exchange(s). Investors can buy or ended UCITS investment company with variable capital and segregated liability

sell shares daily through an intermediary directly or on Stock Exchange(s) on which between its sub-funds under the laws of Ireland with registered number 567964

the shares are traded. In exceptional circumstances investors will be permitted to and authorised by the Central Bank of Ireland.

redeem their shares directly from Invesco Markets II plc in accordance with the Term:

redemption procedures set out in the prospectus, subject to any applicable laws The Fund has no maturity date. The Fund may be terminated unilaterally by the

and relevant charges. directors of the Company and there are circumstances in which the Fund can be Intended Retail Investor: terminated automatically, as further described in the prospectus. The Fund is intended for investors aiming for long term capital growth, who may not Objectives: have specific financial expertise but are able to make an informed investment Investment objective:

decision based on this document, the supplement, and the prospectus, have a risk The objective of the Fund is to achieve the net total return performance of the ICE appetite consistent with the risk indicator displayed below and understand that Diversified Variable Rate Preferred & Hybrid Securities Index (the “Index Index”), Index less

there is no capital guarantee or protection (100% of capital is at risk). fees, expenses and transaction costs. Practical information The Index: The Index aims to measure the performance of floating and variable rate Fund Depositary: The Bank of New York Mellon SA/NV, Dublin Branch, Riverside investment grade and sub-investment grade U.S. dollar-denominated preferred Two, Sir John Rogerson’s Quay, Grand Canal Dock, Dublin 2, D02 KV60, Ireland. and hybrid securities. In order to be included in the Index, a preferred or hybrid

Find out more: Further information about the Fund can be obtained from the security must be publicly issued, be US registered or exempt from registration, prospectus, latest annual report and any subsequent interim reports. This document have at least one day remaining to maturity and 18 months to final maturity at the

is specific to the Fund. However, the prospectus, annual report and the interim date of issuance, issued in either $25 or $1,000 par increments and have a floating reports are prepared for the Company of which the Fund is a sub-fund. These rate coupon or dividend. Preferred or hybrid securities listed on the NYSE or

documents are available free of charge. They can be obtained along with other NASDAQ and having an average monthly consolidated trading volume over the

practical information, such as share prices, at etf.invesco.com (select your country last six months of at least 100,000 shares must have at least $100 million face and navigate to the Documents section on the product page), by emailing amount outstanding. $1,000 par securities must have coupon payments that areinvestorqueries@invesco.com or by calling +353 1 439 8000. These documents are deferrable at the option of the issuer. The Index rebalances monthly.

available in English, and in some instances, the language of the relevant country in Investors should note that the Index is the intellectual property of the index

which the Fund is being marketed. provider. The Fund is not sponsored or endorsed by the index provider and a fullThe assets of the Fund are segregated as a matter of Irish law and as such, in disclaimer can be found in the Fund’s prospectus.

Ireland, the assets of one sub-fund will not be available to satisfy the liabilities of Investment approach:another sub-fund. This position may be considered differently by the courts in The Fund is a passively managed Exchange-Traded Fund. To achieve thejurisdictions outside of Ireland. investment objective, the Fund will, as far as possible and practicable, hold all the

Subject to satisfying certain criteria as set out in the prospectus, investors may be securities in the Index in their respective weightings. able to exchange their investment in the Fund for shares in another sub-fund of the The Fund’s base currency is USD.Company which is being offered at that time. The Fund may engage in securities lending, whereby 90% of the revenues arising from securities lending will be returned to the Fund and 10% of the revenues will be retained by the securities lending agent. 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 period and of being unable to sell the collateral provided to it if the borrower defaults. The Fund may use derivative instruments for the purposes of managing risk, reducing costs or generating additional capital or income.

What are the risks and what could I get in return? Risk Indicator

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

Higher riskpoor market conditions are unlikely to impact the ability for you to receive a

Lower risk positive return on your investment. Be aware of currency risk. In some circumstances, you may receive payments in a different

dif ferent currency from your local currency, so the final return you will get1 2

3

4

5

6

7

may depend on the exchange rate between the two currencies. This risk is not considered in the indicator shown here. This product does not include any protection from future market performance so

! The risk indicator assumes you keep the product for 5 years. The actual riskcan vary significantly if you cash in at an early stage and you may get back you could lose some or all of your investment. For other risks materially relevant to this product which are not taken into accountless.in the summary risk indicator, please refer to the prospectus and/or the Fund’sThe summary risk indicator is a guide to the level of risk of this product

supplement.compared 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 November 2024 Invesco Variable Rate Preferred Shares UCITS ETF, a sub-fund of Invesco Markets II plc - Acc (IE00BHJYDT11)

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: 5 years

Investment: USD 10,000

Scenarios If you exit after 5 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.

Stress What you might get back after costs1,860 USD

2,750 USD Average return each year-81.36%-22.77%

Unfavourable¹

Unfavourable¹

What you might get back after costs

8,780 USD

10,420 USD Average return each year -12.16%0.82%

Moderate²

Moderate²

What you might get back after costs

10,380 USD 11,960 USD Average return each year 3.79%

3.65%

Favourable³

Favourable³What you might get back after costs

12,390 USD 12,890 USD Average return each year 23.91% 5.20% ¹ This type of scenario occurred for an investment between October 2017 and October 2022. ² This type of scenario occurred for an investment between August 2019 and August 2024. ³ This type of scenario occurred for an investment between December 2016 and December 2021.

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 5 years

Total costs 58 USD 335 USD

Annual cost impact (*)0.6%

0.6%

(*) 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 4.2% before costs and 3.7% after costs. Page 2 of 3 | Key Information Document | 21 November 2024 Invesco Variable Rate Preferred Shares UCITS ETF, a sub-fund of Invesco Markets II plc - Acc (IE00BHJYDT11)

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 USD product may do so.

We do not charge an exit fee for this product, but the person selling you the

Exit costs

0 USD product may do so.Ongoing costs taken each yearIf you exit after 1 yearManagement fees and other 0.50% of the value of your investment per year. This is an estimate based on

administrative or operating 50 USD actual costs over the last year.

costs

0.08% of the value of your investment per year. This is an estimate of the costs

Transaction costs incurred when we buy and sell the underlying investments for the product. The 8 USD actual 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: 5 years This Share Class has no required minimum holding period however we have selected 5 years 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 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 5 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 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: You can find the

past performanceoftheShareClass for

up

to

10

years

at https://www.invesco.com/emea/en/priips.html. 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 November 2024