Global Technology Leaders Portfolio 2020-3 American Innovation Leaders Portfolio … · Global Technology Leaders Portfolio 2020-3 American Innovation Leaders Portfolio 2020-2 New

Global Technology Leaders Portfolio 2020-3

American Innovation Leaders Portfolio 2020-2

New World Leaders Portfolio 2020-2

U.S. Defense Portfolio 2020-2

The unit investment trusts named above (the “Portfolios”), included in Invesco Unit Trusts, Series 2060, each invest ina portfolio of stocks. Of course, we cannot guarantee that a Portfolio will achieve its objective.

June 15, 2020

You should read this prospectus and retain it for future reference.

The Securities and Exchange Commission has not approved or disapproved of the Unitsor passed upon the adequacy or accuracy of this prospectus.

Any contrary representation is a criminal offense.

INVESCO

Investment Objective. The Portfolio seeks toprovide capital appreciation.

Principal Investment Strategy. The Portfolioseeks to achieve its objective by investing in aportfolio primarily consisting of stocks of companiesin the technology industry that have a globalpresence. The technology industry may becategor ized into communicat ion equipment,computers & peripherals, electronic equipmentinstruments & components, IT services, internetsoftware & services, semiconductors & equipmentand software companies. Invesco Capital Markets,Inc., the Sponsor, constructs the Portfolio to takeadvantage of potential opportunities within thetechnology industry based on its current outlook oncont inual ly evolv ing industry paradigms. ThePortfolio may represent an attractive alternative forinvestors choosing to have a portion of their portfoliorepresented in the technology sector, which currentlyrepresents approximately 26% of the Standard &Poor’s 500 Index in terms of market value.

Rather than focus on particular sectors or sub-sectors, the Sponsor takes a holistic view of thetechnology industry and chooses to focus primarilyon those companies with disruptive technologiesparticipating in markets tied to particular secularthemes. These secular themes include: the mobileboom, connectivity, the modern data center, and“smart everything.” A key criterion in stock selection,regardless of theme or technology, was askingwhere the world is going and how certain companiesare participating in this movement.

The companies selected for the Portfolio mayshare a variety of traits, among others, as of the timeof selection, such as:

• Secularly-focused business model targetingat least one of the identified themes

• Disruptive technology

• Revenue & earnings-per-share (EPS) growthopportunities

• Company-specific gross margin expansioncatalysts

• A history of achieving strong financial results

As with any investment, no one can guaranteethat your Portfolio will achieve its objective. Thevalue of your Units may fall below the price you paidfor the Units. Stocks of technology companies havebeen subject to extreme pr ice volat i l i ty andspeculative trading. The Portfolio is appropriate foraggressive investors or as an aggressive growthcomponent of an investment portfolio. You shouldread the “Risk Factors” section before you invest.

The Portfolio is designed as part of a long-terminvestment strategy. The Sponsor may offer asubsequent series of the portfolio when the currentPortfolio terminates. As a result, you may achievemore consistent overall results by following thestrategy through reinvestment of your proceeds overseveral years if subsequent series are available.Repeatedly rol l ing over an investment in a unitinvestment trust may differ from long-term investmentsin other investment products when considering thesales charges, fees, expenses and tax consequencesattributable to a Unitholder. For more information see“Rights of Unitholders--Rollover”.

Principal Risks. As with all investments, youcan lose money by investing in this Portfolio. ThePortfolio also might not perform as well as youexpect. This can happen for reasons such as these:

• Security prices will fluctuate. The valueof your investment may fall over time.

• An issuer may be unwilling or unable todeclare dividends in the future, or mayreduce the level of dividends declared.This may result in a reduction in the value ofyour Units.

• You could experience dilution of yourinvestment if the size of the Portfolio isincreased as Units are sold. There is noassurance that your investment will maintain

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Global Technology Leaders Portfolio

its proportionate share in the Portfolio’s profitsand losses.

• The financial condition of an issuermay worsen or its credit ratings maydrop, resulting in a reduction in thevalue of your Units. This may occur at anypoint in t ime, including during the init ia loffering period.

• The Portfol io is concentrated insecurities issued by companies in thetechnology sector. Negative developmentsin this sector will affect the value of yourinvestment more than would be the case in amore diversified investment.

• We do not actively manage the Portfolio.Except in limited circumstances, the Portfoliowill hold, and may continue to buy, shares ofthe same securities even if their market valuedeclines.

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Fee Table

The amounts below are estimates of the direct and indirectexpenses that you may incur based on a $10 Public Offering Price perUnit. Actual expenses may vary.

As a % of Public Amount Offering Per 100Sales Charge Price Units _________ _________

Initial sales charge 0.000% $ 0.000Deferred sales charge 1.350 13.500Creation and development fee 0.500 5.000 ______ ______Maximum sales charge 1.850% $18.500 ______ ______ ______ ______

As a % Amount of Net Per 100 Assets Units _________ _________

Estimated Organization Costs 0.275% $2.689 ______ ______ ______ ______

Estimated Annual Expenses Trustee’s fee and operating expenses 0.166% $1.625Supervisory, bookkeeping

and administrative fees 0.056 0.550 ______ ______

Total 0.222% $2.175* ______ ______ ______ ______

Example

This example helps you compare the cost of the Portfolio with otherunit trusts and mutual funds. In the example we assume that theexpenses do not change and that the Portfolio’s annual return is 5%. Youractual returns and expenses will vary. This example also assumes thatyou continue to follow the Portfolio strategy and roll your investment,including all distributions, into a new trust each year subject to a salescharge of 1.85%. Based on these assumptions, you would pay thefollowing expenses for every $10,000 you invest in the Portfolio:

1 year $ 2343 years 7205 years 1,23010 years 2,625

* The estimated annual expenses are based upon the estimated trust sizefor the Portfolio determined as of the initial date of deposit. Becausecertain of the operating expenses are fixed amounts, if the Portfolio doesnot reach the estimated size, or if the value of the Portfolio or number ofoutstanding units decline over the life of the trust, or if the actual amountof the operating expenses exceeds the estimated amounts, the actualamount of the operating expenses per 100 units would exceed theestimated amounts. In some cases, the actual amount of operatingexpenses may substantially differ from the amounts reflected above.

The maximum sales charge is 1.85% of the Public Offering Priceper Unit. There is no initial sales charge at a Public Offering Price of $10or less. If the Public Offering Price exceeds $10 per Unit, the initial salescharge is the difference between the total sales charge (maximum of1.85% of the Public Offering Price) and the sum of the remainingdeferred sales charge and the creation and development fee. Thedeferred sales charge is fixed at $0.135 per Unit and accrues daily fromOctober 10, 2020 through March 9, 2021. Your Portfolio pays aproportionate amount of this charge on the 10th day of each monthbeginning in the accrual period until paid in full. The combination of theinitial and deferred sales charges comprises the “transactional salescharge”. The creation and development fee is fixed at $0.05 per Unitand is paid at the earlier of the end of the initial offering period(anticipated to be three months) or six months following the Initial Dateof Deposit. For more detail, see “Public Offering Price—General.”

Essential Information

Unit Price at Initial Date of Deposit $10.0000

Initial Date of Deposit June 15, 2020

Mandatory Termination Date September 13, 2021

Historical 12 Month Distributions1 $0.04904 per Unit

Record Dates1 10th day of each October,

January and April,

commencing October 10, 2020

Distribution Dates1 25th day of each October,

January and April,


CUSIP Numbers Cash – 46147D504

Reinvest – 46147D512

Fee Based Cash – 46147D520

Fee Based Reinvest – 46147D538

1 As of close of business day prior to Initial Date of Deposit. The actualdistributions you receive will vary from this per Unit amount due tochanges in the Portfolio’s fees and expenses, in actual income receivedby the Portfolio, currency fluctuations and with changes in the Portfoliosuch as the acquisition or liquidation of securities. In addition, due tothe negative economic impact across many industries caused by therecent COVID-19 outbreak, certain issuers of the securities included inthe Portfolio may elect to reduce the amount of, or cancel entirely,dividends and/or distributions paid in the future. See “Rights ofUnitholders--Historical and Estimated Distributions.”

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Portfolio______________________________________________________________________________________________________________ Cost ofNumber Market Value Securities toof Shares Name of Issuer (1) per Share (2) Portfolio (2) ___________ ___________________________________________ _____________ _____________ Application Software - 19.25% 25 Adobe, Inc. $ 406.54 $ 10,163.50 24 Fair Isaac Corporation 413.52 9,924.48 35 Intuit, Inc. 280.68 9,823.80 57 Salesforce.com, Inc. 175.11 9,981.27 55 Synopsys, Inc. 179.60 9,878.00 Communications Equipment - 3.83% 220 Cisco Systems, Inc. 45.07 9,915.40 Data Processing & Outsourced Services - 11.63% 34 Mastercard, Inc. - CL A 297.79 10,124.86 64 PayPal Holdings, Inc. 155.26 9,936.64 52 Visa, Inc. - CL A 192.26 9,997.52 Electronic Equipment & Instruments - 3.74% 101 Keysight Technologies, Inc. 95.67 9,662.67 Interactive Media & Services - 7.71% 7 Alphabet, Inc. - CL A 1412.92 9,890.44 44 Facebook, Inc. - CL A 228.58 10,057.52 Internet & Direct Marketing Retail - 3.94% 4 Amazon.com, Inc. 2545.02 10,180.08 Internet Services & Infrastructure - 3.80% 98 Akamai Technologies, Inc. 100.34 9,833.32 Semiconductor Equipment - 7.71% 54 KLA Corporation 184.69 9,973.26 35 Lam Research Corporation 284.52 9,958.20 Semiconductors - 15.34% 33 Broadcom, Inc. 300.25 9,908.25 168 Intel Corporation 59.33 9,967.44 28 NVIDIA Corporation 357.30 10,004.40 79 Texas Instruments, Inc. 123.97 9,793.63 Systems Software - 19.25% 76 Fortinet, Inc. 130.34 9,905.84 53 Microsoft Corporation 187.74 9,950.22 45 Palo Alto Networks, Inc. 221.85 9,983.25 26 ServiceNow, Inc. 385.13 10,013.38 73 Vmware, Inc. - CL A 135.85 9,917.05 Technology Hardware Storage & Peripherals - 3.80% 29 Apple, Inc. 338.80 9,825.20___________ ____________ 1,519 $ 258,569.62___________ _______________________ ____________See “Notes to Portfolios”.

Investment Objective. The Portfolio seeks toprovide the potential for capital appreciation.

Principal Investment Strategy. The Portfolioseeks to achieve its objective by investing in a portfolioof stocks of companies believed to be leaders in thecreation of innovative products, services or businessprocesses. Innovation can drive eff iciencies inbusiness and manufacturing cycles, as well as lead tochanges in consumer trends and communications.Invesco Capital Markets, Inc., the Sponsor, seeks toidentify "innovative companies” with quantifiableResearch & Development (“R&D”) commitmentsfocused towards stimulating company growth andcreating competitive advantages in the marketplace,potentially leading to increased profitability and futureearnings growth.

In selecting the securities for the Portfolio, theSponsor considered leading franchises withrecognized R&D efforts and significant competitiveadvantages in their markets. The companies includedgenerally have R&D expenditures as a percent of NetSales ratios greater than zero and less than 30 percentover the last 12 months, and have exhibited a historyof strong returns on invested capital compared to theirpeer groups. In addition, companies are selectedbased on an assessment of how their innovation andcompetitive advantages translate into earning growthestimates for the company over the life of the Portfolio.

Of course, we cannot guarantee that your Portfoliowill achieve its objective. The value of your Units mayfall below the price you paid for the Units. You shouldread the “Risk Factors” section before you invest.

The Portfolio is designed as part of a long-terminvestment strategy. The Sponsor may offer asubsequent series of the portfolio when the currentPortfolio terminates. As a result, you may achievemore consistent overall results by following thestrategy through reinvestment of your proceeds overseveral years if subsequent series are available.Repeatedly rol l ing over an investment in a unitinvestment trust may differ from long-term investments

in other investment products when considering thesales charges, fees, expenses and tax consequencesattributable to a Unitholder. For more information see“Rights of Unitholders--Rollover”.

Principal Risks. As with all investments, you canlose money by investing in this Portfolio. The Portfolioalso might not perform as well as you expect. This canhappen for reasons such as these:

• Security prices will fluctuate. The value ofyour investment may fall over time.


• The financial condition of an issuer mayworsen or its credit ratings may drop,resulting in a reduction in the value ofyour Units. This may occur at any point in time,including during the initial offering period.

• You could experience dilution of yourinvestment if the size of the Portfolio isincreased as Units are sold. There is noassurance that your investment will maintain itsproportionate share in the Portfolio’s profitsand losses.

• The Portfolio is concentrated insecurities issued by companies in theinformation technology sector. Negativedevelopments in this sector will affect the valueof your investment more than would be thecase in a more diversified investment.


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American Innovation Leaders Portfolio

Fee Table








Total 0.356% $3.470* ______ ______ ______ ______

Example




The maximum sales charge is 1.85% of the Public Offering Priceper Unit. There is no initial sales charge at a Public Offering Price of $10or less. If the Public Offering Price exceeds $10 per Unit, the initial salescharge is the difference between the total sales charge (maximum of1.85% of the Public Offering Price) and the sum of the remainingdeferred sales charge and the creation and development fee. Thedeferred sales charge is fixed at $0.135 per Unit and accrues daily fromOctober 10, 2020 through March 9, 2021. Your Portfolio pays aproportionate amount of this charge on the 10th day of each monthbeginning in the accrual period until paid in full. The combination of theinitial and deferred sales charges comprises the “transactional salescharge”. The creation and development fee is fixed at $0.05 per Unitand is paid at the earlier of the end of the initial offering period(anticipated to be three months) or six months following the Initial Dateof Deposit. For more detail, see “Public Offering Price—General.”






Record Date 10th day of October,

January and April,


Distribution Date 25th day of October,

January and April,






1 As of close of business day prior to Initial Date of Deposit. The actualdistributions you receive will vary from this per Unit amount due tochanges in the Portfolio’s fees and expenses, in actual income receivedby the Portfolio, currency fluctuations and with changes in the Portfoliosuch as the acquisition or liquidation of securities. In addition, due tothe negative economic impact across many industries caused by therecent COVID-19 outbreak, certain issuers of the securities included inthe Portfolio may elect to reduce the amount of, or cancel entirely,dividends and/or distributions paid in the future. See “Rights ofUnitholders--Historical and Estimated Distributions.”

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Portfolio______________________________________________________________________________________________________________ Cost ofNumber Market Value Securities toof Shares Name of Issuer (1) per Share (2) Portfolio (2) ___________ ___________________________________________ _____________ _____________ Communication Services - 11.97% 7 Alphabet, Inc. - CL A $ 1412.92 $ 9,890.44 82 Electronic Arts, Inc. 121.97 10,001.54 44 Facebook, Inc. - CL A 228.58 10,057.52 Consumer Discretionary - 12.11% 4 Amazon.com, Inc. 2545.02 10,180.08 640 Callaway Golf Company 15.81 10,118.40 51 Deckers Outdoor Corporation 196.09 10,000.59 Consumer Staples - 3.93% 85 Procter & Gamble Company 115.62 9,827.70 Financials - 8.23% 38 LendingTree, Inc. 271.62 10,321.56 32 MSCI, Inc. 320.95 10,270.40 Health Care - 23.92% 148 Cerner Corporation 66.96 9,910.08 146 Edwards Lifesciences Corporation 67.98 9,925.08 173 HealthEquity, Inc. 57.83 10,004.59+ 107 Medtronic plc 93.21 9,973.47 54 Stryker Corporation 187.79 10,140.66 28 Teleflex, Inc. 352.25 9,863.00 Industrials - 8.05% 114 AMETEK, Inc. 87.66 9,993.24 155 Raytheon Technologies Corporation 65.37 10,132.35 Information Technology - 31.79% 25 Adobe, Inc. 406.54 10,163.50 29 Apple, Inc. 338.80 9,825.20 33 Broadcom, Inc. 300.25 9,908.25 76 Fortinet, Inc. 130.34 9,905.84 102 Keysight Technologies, Inc. 95.67 9,758.34 53 Microsoft Corporation 187.74 9,950.22 28 NVIDIA Corporation 357.30 10,004.40 57 Salesforce.com, Inc. 175.11 9,981.27___________ ____________ 2,311 $ 250,107.72___________ _______________________ ____________

See “Notes to Portfolios”.

Investment Objective. The Portfolio seeks toprovide current income and the potential for capitalappreciation.

Principal Investment Strategy. The Portfolioseeks to achieve its objective by investing in a portfolio ofdomestic stocks and ADRs of leading global companies.Many forecasts predict gross domestic product growthin emerging markets to outpace growth found indeveloped economies. One way to gain exposure to thisgrowth without investing directly in the local markets isthrough investing in large/mega-cap companies withestablished businesses in these markets. In selecting thePortfolio, Invesco Capital Markets, Inc., the Sponsor,targeted global companies headquartered in developednations with operations and/or a business presencethroughout the world, including in emerging marketnations. The Sponsor initially considered sustainablefranchises that have significant competitive advantagesin their markets and meet certain specific geographicsegment revenue and dividend criteria. The companiesincluded in the Portfolio generally have strong balancesheets, are well capitalized, have historically paidattractive dividend levels together with the commitmentand ability to sustain the dividend payments, andmaintain a significant market share in their industriesdomestically and abroad.


The Portfolio is designed as part of a long-terminvestment strategy. The Sponsor may offer asubsequent series of the portfolio when the currentPortfolio terminates. As a result, you may achievemore consistent overall results by following thestrategy through reinvestment of your proceeds overseveral years if subsequent series are available.Repeatedly rol l ing over an investment in a unitinvestment trust may differ from long-term investmentsin other investment products when considering thesales charges, fees, expenses and tax consequences

attributable to a Unitholder. For more information see“Rights of Unitholders--Rollover”.




• The financial condition of an issuer mayworsen or its credit ratings may drop,resulting in a reduction in the value ofyour Units. This may occur at any point intime, including during the initial offering period.

• You could experience dilution of yourinvestment if the size of the Portfolio isincreased as Units are sold. There is noassurance that your investment will maintainits proportionate share in the Portfolio’s profitsand losses.

• Stocks of foreign companies in thePortfolio present risks beyond those ofU.S. issuers. These r isks may includemarket and political factors related to thecompany’s foreign market, international tradeconditions, less regulation, smaller or lessliquid markets, increased volatility, differingaccounting practices and changes in the valueof foreign currencies.


9

New World Leaders Portfolio

10

Fee Table








Total 0.347% $3.383* ______ ______ ______ ______

Example




The maximum sales charge is 1.85% of the Public Offering Priceper Unit. There is no initial sales charge at a Public Offering Price of $10or less. If the Public Offering Price exceeds $10 per Unit, the initial salescharge is the difference between the total sales charge (maximum of1.85% of the Public Offering Price) and the sum of the remainingdeferred sales charge and the creation and development fee. Thedeferred sales charge is fixed at $0.135 per Unit and accrues daily fromOctober 10, 2020 through March 9, 2021. Your Portfolio pays aproportionate amount of this charge on the 10th day of each monthbeginning in the accrual period until paid in full. The combination of theinitial and deferred sales charges comprises the “transactional salescharge”. The creation and development fee is fixed at $0.05 per Unit andis paid at the earlier of the end of the initial offering period (anticipated tobe three months) or six months following the Initial Date of Deposit. Formore detail, see “Public Offering Price—General.”






Estimated Initial Distribution1 $0.05 per Unit

Record Date 10th day of each October,

January and April,


Distribution Date 25th day of each October,

January and April,






1 As of close of business day prior to Initial Date of Deposit. The actualdistributions you receive will vary from this per Unit amount due tochanges in the Portfolio’s fees and expenses, in actual income receivedby the Portfolio, currency fluctuations and with changes in the Portfoliosuch as the acquisition or liquidation of securities. In addition, due tothe negative economic impact across many industries caused by therecent COVID-19 outbreak, certain issuers of the securities included inthe Portfolio may elect to reduce the amount of, or cancel entirely,dividends and/or distributions paid in the future.See “Rights ofUnitholders--Historical and Estimated Distributions.”

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Portfolio______________________________________________________________________________________________________________ Cost ofNumber Market Value Securities toof Shares Name of Issuer (1) per Share (2) Portfolio (2) ___________ ___________________________________________ _____________ _____________ Communication Services - 7.02%+ 95 Nintendo Company, Ltd. - ADR $ 55.4500 $ 5,267.75+ 336 Telenor ASA - ADR 15.5000 5,208.00 Consumer Discretionary - 17.41%+ 56 Garmin, Ltd. 91.6700 5,133.52 27 McDonald’s Corporation 189.1700 5,107.59 54 NIKE, Inc. - CL B 96.4300 5,207.22 69 Starbucks Corporation 76.3800 5,270.22 86 V.F. Corporation 61.2500 5,267.50 Consumer Staples - 17.10% 112 Coca-Cola Company 45.6000 5,107.20+ 47 Nestle S.A. - ADR 108.6450 5,106.32 40 PepsiCo, Inc. 129.0000 5,160.00 44 Procter & Gamble Company 115.6200 5,087.28 43 Walmart, Inc. 117.7400 5,062.82 Energy - 3.47% 56 Chevron Corporation 92.3900 5,173.84 Financials - 6.98% 101 Citigroup, Inc. 52.2500 5,277.25+ 82 DBS Group Holdings, Ltd. - ADR 62.7050 5,141.81 Health Care - 13.67% 57 Abbott Laboratories 89.0200 5,074.14+ 55 Medtronic plc 93.2100 5,126.55 67 Merck & Company, Inc. 76.3000 5,112.10+ 102 Sanofi - ADR 49.9500 5,094.90 Industrials - 10.35%+ 60 Eaton Corp plc 86.0100 5,160.60+ 93 Siemens AG - ADR 55.6100 5,171.73 39 Stanley Black & Decker, Inc. 131.0900 5,112.51 Information Technology - 17.09% 15 Apple, Inc. 338.8000 5,082.00 17 Broadcom, Inc. 300.2500 5,104.25 87 Intel Corporation 59.3300 5,161.71 27 Microsoft Corporation 187.7400 5,068.98 41 Texas Instruments, Inc. 123.9700 5,082.77 Materials - 3.45% 101 DuPont de Nemours, Inc. 51.0100 5,152.01 Real Estate - 3.46% 20 American Tower Corporation 258.0800 5,161.60___________ ____________ 2,029 $ 149,244.17___________ _______________________ ____________

See “Notes to Portfolio”.

Investment Objective. The Portfolio seeks toprovide the potential for above-average capitalappreciation.

Principal Investment Strategy. The Portfolioseeks to achieve its objective by investing in commonstocks of domestic aerospace and defense relatedcompanies that derive a meaningful portion of theirrevenue from the U.S. Government’s Department ofDefense. The aerospace and defense industriestypically include companies engaged in the productionof aircraft, maritime ships, military equipment, such astanks and related vehicles, bombs, missi les,associated navigational and guidance systems,artillery, ammunition, as well as cybersecurity.

In selecting the securities for the Portfolio, InvescoCapital Markets, Inc., the Sponsor, initially consideredthe universe of aerospace and defense relatedcompanies. After eliminating companies from this setwith a share price below $5, the Sponsor identifiedstocks of aerospace and defense companies thatderive a meaningful portion of revenue from the U.S.Government’s Department of Defense.

The Sponsor assembled the final portfolio ofaerospace and defense stocks based on considerationof additional factors, including, but not limited to:

• Valuation – Companies whose currentvaluations appear attractive relative to long-term trends.

• Growth – Companies with a history of andprospects for above-average growth of salesand earnings.

• Cash Flow Generation – Companies with ahistory of generating attractive operating andfree cash flows.

• Balance Sheet – Companies displayingbalance sheet strength evidenced by a historyof achieving strong financial results and makingdisciplined capital management decisions.

• Returns – Companies with a history of above-average returns on invested capital.


The Portfolio is designed as part of a long-terminvestment strategy. The Sponsor may offer asubsequent series of the portfolio when the currentPortfolio terminates. As a result, you may achieve moreconsistent overall results by following the strategythrough reinvestment of your proceeds over severalyears if subsequent series are available. Repeatedlyrolling over an investment in a unit investment trust maydiffer from long-term investments in other investmentproducts when considering the sales charges, fees,expenses and tax consequences attributable to aUnitholder. For more information see “Rights ofUnitholders--Rollover”.




• The financial condition of an issuer mayworsen or its credit ratings may drop,resulting in a reduction in the value ofyour Units. This may occur at any point intime, including during the initial offering period.

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U.S. Defense Portfolio

• You could experience dilution of yourinvestment if the size of the Portfolio isincreased as Units are sold. There is noassurance that your investment will maintainits proportionate share in the Portfolio’s profitsand losses.

• The Portfolio invests exclusively incompanies operating in the aerospaceand defense industries, resulting in aconcentration in the industrials sectoras well as in significant exposure to theinformation technology sector. Negativedevelopments in these industries and sectorswill affect the value of your investment morethan would be the case in a more diversifiedinvestment.

• The Portfolio invests in stocks of smallercapitalization companies. These stocks areoften more volatile and have lower tradingvolumes than stocks of larger companies.Smaller capitalization companies may havelimited products or f inancial resources,management inexperience and less publiclyavailable information.


13

Fee Table








Total 0.242% $2.363* ______ ______ ______ ______

Example




The maximum sales charge is 1.85% of the Public Offering Priceper Unit. There is no initial sales charge at a Public Offering Price of$10 or less. If the Public Offering Price exceeds $10 per Unit, theinitial sales charge is the difference between the total sales charge(maximum of 1.85% of the Public Offering Price) and the sum of theremaining deferred sales charge and the creation and developmentfee. The deferred sales charge is fixed at $0.135 per Unit andaccrues daily from October 10, 2020 through March 9, 2021. YourPortfolio pays a proportionate amount of this charge on the 10th dayof each month beginning in the accrual period until paid in full. Thecombination of the initial and deferred sales charges comprises the“transactional sales charge”. The creation and development fee isfixed at $0.05 per Unit and is paid at the earlier of the end of theinitial offering period (anticipated to be three months) or six monthsfollowing the Initial Date of Deposit. For more detail, see “PublicOffering Price -- General.”


Unit Price at Initial Date of Deposit $10.0000Initial Date of Deposit June 15, 2020Mandatory Termination Date September 13, 2021Historical 12 Month Distributions1,2 $0.12710 per UnitRecord Dates2 10th day of each monthDistribution Dates2 25th day of each monthCUSIP Numbers Cash – 46147D546 Reinvest – 46147D553 Fee Based Cash – 46147D561 Fee Based Reinvest – 46147D579

1 As of close of business day prior to Initial Date of Deposit. The actualdistributions you receive will vary from this per Unit amount due tochanges in the Portfolio’s fees and expenses, in actual income receivedby the Portfolio, currency fluctuations and with changes in the Portfoliosuch as the acquisition or liquidation of securities. In addition, due tothe negative economic impact across many industries caused by therecent COVID-19 outbreak, certain issuers of the securities included inthe Portfolio have elected or may elect to reduce the amount of, orcancel entirely, dividends and/or distributions paid in the future. See“Rights of Unitholders--Historical and Estimated Distributions.”

2 The Trustee will make distributions of income and capital on eachmonthly Distribution Date to Unitholders of record on the precedingRecord Date, provided that the total cash held for distribution equals atleast 0.1% of the Portfolio’s net asset value. Undistributed income andcapital will be distributed in the next month in which the total cash heldfor distribution equals at least 0.1% of the Portfolio’s net asset value.Based on the foregoing, it is currently estimated that the initialdistribution will occur in September 2020.

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Portfolio______________________________________________________________________________________________________________ Cost ofNumber Market Value Securities toof Shares Name of Issuer (1) per Share (2) Portfolio (2) ___________ ___________________________________________ _____________ _____________ Industrials - 79.99% 180 Aerojet Rocketdyne Holdings, Inc. $ 40.8900 $ 7,360.20 106 AeroVironment, Inc. 69.5700 7,374.42+ 293 BAE Systems plc - ADR 25.3300 7,421.69 40 Boeing Company 189.5100 7,580.40 124 BWX Technologies, Inc. 58.7900 7,289.96 164 Cubic Corporation 45.3100 7,430.84 77 Curtiss-Wright Corporation 96.4200 7,424.34 49 General Dynamics Corporation 149.2000 7,310.80 40 Huntington Ingalls Industries, Inc. 182.2900 7,291.60 440 Kratos Defense & Security Solutions, Inc. 16.9700 7,466.80 38 L3Harris Technologies, Inc. 193.1500 7,339.70 19 Lockheed Martin Corporation 381.8700 7,255.53 23 Northrop Grumman Corporation 317.6800 7,306.64 104 Oshkosh Corporation 71.6500 7,451.60 114 Raytheon Technologies Corporation 65.3700 7,452.18 22 Teledyne Technologies, Inc. 333.5400 7,337.88 Information Technology - 20.01% 96 Booz Allen Hamilton Holding Corporation 76.9700 7,389.12 31 CACI International, Inc. - CL A 241.3300 7,481.23 178 FLIR Systems, Inc. 41.2600 7,344.28 74 Leidos Holdings, Inc. 98.9100 7,319.34___________ ____________ 2,212 $ 147,628.55___________ _______________________ ____________

See “Notes to Portfolios”.

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Notes to Portfolios

(1) The Securities are initially represented by “regular way” contracts for the performance of which an irrevocable letter ofcredit has been deposited with the Trustee. Contracts to acquire Securities were entered into on June 12, 2020 andhave a settlement date of June 16, 2020 (see “The Portfolios”).

(2) The value of each Security is determined on the bases set forth under “Public Offering--Unit Price” as of the close of theNew York Stock Exchange on the business day before the Initial Date of Deposit. In accordance with FASB AccountingStandards Codification (“ASC”), ASC 820, Fair Value Measurements and Disclosures, the Portfolio’s investments areclassified as Level 1, which refers to security prices determined using quoted prices in active markets for identicalsecurities. Other information regarding the Securities, as of the Initial Date of Deposit, is as follows:

Profit Cost to (Loss) To Sponsor Sponsor ______________ _____________

Global Technology Leaders Portfolio . . . . . . . . . . . . . . . . . . . . $ 258,570 $ 0American Innovation Leaders Portfolio . . . . . . . . . . . . . . . . . . . $ 250,108 $ 0New World Leaders Portfolio . . . . . . . . . . . . . . . . . . . . . . . . . . $ 149,244 $ 0U.S. Defense Portfolio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 147,629 $ 0

“+” indicates that the security was issued by a foreign company.

17

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Sponsor and Unitholders of Invesco Unit Trusts, Series 2060:

Opinion on the Financial Statements

We have audited the accompanying statements of condition (including the related portfolio schedules) ofGlobal Technology Leaders Portfolio 2020-3; American Innovation Leaders Portfolio 2020-2; New World LeadersPortfolio 2020-2; and U.S. Defense Portfolio 2020-2 (included in Invesco Unit Trusts, Series 2060 (the “Trust”)) asof June 15, 2020, and the related notes (collectively referred to as the “financial statements”). In our opinion, thefinancial statements present fairly, in all material respects, the financial position of the Trust as of June 15, 2020, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of Invesco Capital Markets, Inc., the Sponsor. Ourresponsibility is to express an opinion on the Trust’s financial statements based on our audits. We are a publicaccounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”)and are required to be independent with respect to the Trust in accordance with the U.S. federal securitieslaws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require thatwe plan and perform the audits to obtain reasonable assurance about whether the financial statements arefree of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were weengaged to perform, an audit of its internal control over financial reporting. As part of our audits we arerequired to obtain an understanding of internal control over financial reporting but not for the purpose ofexpressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly,we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financialstatements, whether due to error or fraud, and performing procedures that respond to those risks. Suchprocedures included examining, on a test basis, evidence regarding the amounts and disclosures in thefinancial statements. Our audits also included evaluating the accounting principles used and significantestimates made by the Sponsor, as well as evaluating the overall presentation of the financial statements. Ourprocedures included confirmation of cash or irrevocable letters of credit deposited for the purchase ofsecurities as shown in the statements of condition as of June 15, 2020 by correspondence with The Bank ofNew York Mellon, Trustee. We believe that our audits provide a reasonable basis for our opinion.

/s/ GRANT THORNTON LLP

We have served as the auditor of one or more of the unit investment trusts, sponsored by Invesco CapitalMarkets, Inc. and its predecessors, since 1976.

New York, New YorkJune 15, 2020

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STATEMENTS OF CONDITIONAs of June 15, 2020

Global American Technology Innovation New World Leaders Leaders Leaders U.S. DefenseINVESTMENT IN SECURITIES Portfolio Portfolio Portfolio Portfolio _____________ _____________ _____________ _____________Contracts to purchase Securities (1) . . . . . . . . . . . . . . $ 258,570 $ 250,108 $ 149,244 $ 147,629 _____________ _____________ _____________ _____________ Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 258,570 $ 250,108 $ 149,244 $ 147,629 _____________ _____________ _____________ _____________ _____________ _____________ _____________ _____________

LIABILITIES AND INTEREST OF UNITHOLDERSLiabilities-- Organization costs (2) . . . . . . . . . . . . . . . . . . . . . . $ 695 $ 1,626 $ 970 $ 960 Deferred sales charge liability (3) . . . . . . . . . . . . . . 3,491 3,376 2,015 1,993 Creation and development fee liability (4) . . . . . . . 1,293 1,251 746 738 Interest of Unitholders-- Cost to investors (5) . . . . . . . . . . . . . . . . . . . . . . . 258,570 250,108 149,244 147,629 Less: deferred sales charge, creation and development fee and organization costs (2)(4)(5)(6) . . . . . . . . . . . . . . . . . . . . . . . 5,479 6,253 3,731 3,691 _____________ _____________ _____________ _____________ Net interest to Unitholders (5) . . . . . . . . . . . . 253,091 243,855 145,513 143,938 _____________ _____________ _____________ _____________ Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 258,570 $ 250,108 $ 149,244 $ 147,629 _____________ _____________ _____________ _____________ _____________ _____________ _____________ _____________Units outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,857 25,011 14,925 14,763 _____________ _____________ _____________ _____________ _____________ _____________ _____________ _____________Net asset value per Unit . . . . . . . . . . . . . . . . . . . . . . . . $ 9.788 $ 9.750 $ 9.750 $ 9.750 _____________ _____________ _____________ _____________ _____________ _____________ _____________ _____________

(1) The value of the Securities is determined by the Trustee on the bases set forth under “Public Offering--Unit Price”. The contracts to purchaseSecurities are collateralized by separate irrevocable letters of credit which have been deposited with the Trustee.

(2) A portion of the Public Offering Price represents an amount sufficient to pay for all or a portion of the costs incurred in establishing a Portfolio.The amount of these costs are set forth in the “Fee Table”. A distribution will be made as of the earlier of the close of the initial offering period(approximately three months) or six months following the Initial Date of Deposit to an account maintained by the Trustee from which theorganization expense obligation of the investors will be satisfied. To the extent that actual organization costs of a Portfolio are greater than theestimated amount, only the estimated organization costs added to the Public Offering Price will be reimbursed to the Sponsor and deductedfrom the assets of the Portfolio.

(3) Represents the amount of mandatory distributions from a Portfolio on the bases set forth under “Public Offering”.(4) The creation and development fee is payable by a Portfolio on behalf of Unitholders out of the assets of the Portfolio as of the close of the initial

offering period. If Units are redeemed prior to the close of the initial public offering period, the fee will not be deducted from the proceeds.(5) The aggregate public offering price and the aggregate sales charge are computed on the bases set forth under “Public Offering”.(6) Assumes the maximum sales charge.

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THE PORTFOLIOS

The Portfolios were created under the laws of theState of New York pursuant to a Trust Indenture andTrust Agreement (the “Trust Agreement”), dated thedate of this prospectus (the “Initial Date of Deposit”),among Invesco Capital Markets, Inc., as Sponsor,Invesco Investment Advisers LLC as Supervisor, andThe Bank of New York Mellon, as Trustee.

The Portfolios offer investors the opportunity topurchase Units representing proportionate interests inportfolios of securities. Each Portfolio may be anappropriate medium for investors who desire toparticipate in a portfolio of securities with greaterdiversification than they might be able to acquireindividually.

On the Initial Date of Deposit, the Sponsor depositeddelivery statements relating to contracts for thepurchase of the Securities and an irrevocable letter ofcredit in the amount required for these purchases withthe Trustee. In exchange for these contracts, theTrustee delivered to the Sponsor documentationevidencing the ownership of Units of the Portfolios.Unless otherwise terminated as provided in the TrustAgreement, the Portfol ios wi l l terminate on theMandatory Termination Date and any remainingSecurities will be liquidated or distributed by the Trusteewithin a reasonable time. As used in this prospectus theterm “Securities” means the securities (includingcontracts to purchase these securities) listed in each“Portfolio” and any additional securities deposited intoeach Portfolio.

Additional Units of a Portfolio may be issued at anytime by deposit ing in the Portfol io ( i ) addit ionalSecurities, (ii) contracts to purchase Securities togetherwith cash or irrevocable letters of credit or (iii) cash (or aletter of credit or the equivalent) with instructions topurchase additional Securities. As additional Units areissued by a Portfolio, the aggregate value of theSecurities will be increased and the fractional undividedinterest represented by each Unit may be decreased.The Sponsor may continue to make additional depositsinto a Portfolio following the Initial Date of Depositprovided that the additional deposits will be in amounts

which will maintain, as nearly as practicable, the samepercentage relationship among the number of shares ofeach Security in the Portfolio that existed immediatelyprior to the subsequent deposit. Investors mayexperience a dilution of their investments and areduction in their anticipated income because offluctuations in the prices of the Securities between thetime of the deposit and the purchase of the Securitiesand because the Portfolios will pay the associatedbrokerage or acquisition fees. In addition, during theinitial offering of Units it may not be possible to buy apart icular Security due to regulatory or tradingrestrictions, or corporate actions. While such limitationsare in effect, additional Units would be created bypurchasing each of the Securities in your Portfolio thatare not subject to those limitations. This would alsoresult in the dilution of the investment in any suchSecurity not purchased and potential variances inanticipated income. Purchases and sales of Securitiesby your Portfolio may impact the value of the Securities.This may especially be the case during the initial offeringof Units, upon Portfolio termination and in the course ofsatisfying large Unit redemptions.

Each Unit of your Portfolio initially offered representsan undivided interest in the Portfolio. At the close of theNew York Stock Exchange on the Init ial Date ofDeposit, the number of Units may be adjusted so thatthe Public Offering Price per Unit equals $10. Thenumber of Units, fractional interest of each Unit in yourPortfolio and the per Unit amount of historical annualdistributions will increase or decrease to the extent ofany adjustment. To the extent that any Units areredeemed to the Trustee or additional Units are issuedas a result of additional Securities being deposited bythe Sponsor, the fractional undivided interest in yourPortfolio represented by each unredeemed Unit willincrease or decrease accordingly, although the actualinterest in your Portfolio will remain unchanged. Unitswill remain outstanding until redeemed upon tender tothe Trustee by Unitholders, which may include theSponsor, or until the termination of the Trust Agreement.

Each Portfolio consists of (a) the Securities (includingcontracts for the purchase thereof) listed under theapplicable “Portfolio” as may continue to be held from

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time to time in the Portfolio, (b) any additional Securitiesacquired and held by the Portfolio pursuant to theprovisions of the Trust Agreement and (c) any cash heldin the related Income and Capital Accounts. Neither theSponsor nor the Trustee shall be liable in any way forany contract failure in any of the Securities.

OBJECTIVES AND SECURITIES SELECTION

The objective of each Portfolio is described in theindividual Portfolio sections. There is no assurance thata Portfolio will achieve its objective.

The Sponsor does not manage the Portfolios. Youshould note that the Sponsor applied the selectioncriteria to the Securities for inclusion in the Portfoliosprior to the Initial Date of Deposit. After this time, theSecurities may no longer meet the selection criteria.Should a Security no longer meet the selection criteria,we will generally not remove the Security from aPortfolio. In offering the Units to the public, neither theSponsor nor any broker-dealers are recommending anyof the individual Securities but rather the entire pool ofSecurities in a Portfolio, taken as a whole, which arerepresented by the Units.

RISK FACTORS

All investments involve risk. This section describesthe main r isks that can impact the value of thesecurities in the Portfolios. You should understandthese risks before you invest. If the value of thesecurities falls, the value of your Units will also fall. Wecannot guarantee that your Portfolio will achieve itsobjective or that your investment return will be positiveover any period.

Market Risk. Market risk is the risk that the valueof the securities in your Portfolio will fluctuate. Thiscould cause the value of your Units to fall below youroriginal purchase price. Market value fluctuates inresponse to various factors. These can includechanges in interest rates, inflation, the financialcondition of a security’s issuer, perceptions of theissuer, or ratings on a security of the issuer. Certaingeopolitical and other events, including environmentalevents and public health events such as epidemics and

pandemics, may have a global impact and add toinstability in world economies and markets generally.Changing economic, political or financial marketconditions in one country or geographic region couldadversely affect the market value of the securities heldby your Portfolio in a different country or geographicregion due to increasingly interconnected globaleconomies and financial markets. Even though yourPortfolio is supervised, you should remember that wedo not manage your Portfolio. Your Portfolio will not sella security solely because the market value falls as ispossible in a managed fund. In addition, because theU.S. Defense Portfolio holds a relatively small numberof stocks, you may encounter more price volatility thanwould occur in an investment diversified among agreater number of stocks.

Furthermore, a recent outbreak of a respiratorydisease caused by a novel coronavirus (“COVID-19”),first detected in China in December 2019, has spreadglobally in a short period of time. COVID-19 has resultedin the disruption of, and delays in, production and supplychains and the delivery of healthcare services andprocesses, as well as the cancellation of organizedevents and educational institutions, a decline inconsumer demand for certain goods and services, andgeneral concern and uncertainty. In response,governments and businesses world-wide, including theUnited States, have taken aggressive measures,including closing borders, restricting international anddomestic travel, and imposing prolonged quarantines oflarge populations, and financial support of the economyand financial markets. COVID-19 and its effects havecontributed to increased volatility in global markets,severe losses, liquidity constraints, and lowered yields;the duration of such effects cannot yet be determinedbut could be present for an extended period of time. Theeffects that COVID-19 may have on certain sectors andindustries are uncertain and may adversely affect thevalue of your Portfolio.

Dividend Payment Risk. Dividend payment risk isthe risk that an issuer of a security is unwilling orunable to pay dividends on a security. Stocks representownership interests in the issuers and are notobligations of the issuers. Common stockholders have

a right to receive dividends only after the company hasprovided for payment of its creditors, bondholders andpreferred stockholders. Common stocks do not assuredividend payments. Dividends are paid only whendeclared by an issuer’s board of directors and theamount of any div idend may vary over t ime. I fdividends received by your Portfolio are insufficient tocover expenses, redemptions or other Portfolio costs,it may be necessary for the Portfolio to sell Securitiesto cover such expenses, redemptions or other costs.Any such sales may result in capital gains or losses toyou. See “Taxation”.

Smaller Capitalization Companies. The U.S.Defense Portfolio invests significantly in stocks ofsmall capitalization and mid capitalization (collectively“smaller cap”) companies. Investing in stocks ofsmaller cap companies may involve greater risk thaninvesting in stocks of larger capitalization companies,since they can be subject to more abrupt or erraticprice movements. Many smaller cap companies willhave had their securities publicly traded, if at all, foronly a short period of time and will not have had theopportunity to establish a reliable trading patternthrough economic cycles. The price volatility of smallercap companies is relatively higher than larger, olderand more mature companies. This greater pricevolatility of smaller cap companies may result from thefact that there may be less market liquidity, lessinformation publicly available or fewer investors whomonitor the activities of these companies. In addition,the market prices of these securities may exhibit moresensitivity to changes in industry or general economicconditions. Some smaller cap companies will not havebeen in existence long enough to exper ienceeconomic cycles or to demonstrate whether they aresufficiently well managed to survive downturns orinflationary periods. Further, a variety of factors mayaffect the success of a company's business beyondthe abi l i ty of i ts management to prepare orcompensate for them, including domest ic andinternational political developments, government tradeand fiscal policies, patterns of trade and war or othermilitary conflict which may affect industries or marketsor the economy generally.

Foreign Stocks. Because the New World LeadersPortfolio invests significantly in foreign stocks, the NewWorld Leaders Portfolio involves additional risks thatdiffer from an investment in domestic stocks. Theserisks include the risk of losses due to future politicaland economic developments, international tradeconditions, foreign withholding taxes and restrictionson foreign investments or exchange of securities,foreign currency fluctuations or restriction on exchangeor repatriation of currencies.

The political, economic and social structures of someforeign countries may be less stable and more volatilethan those in the U.S. Investments in these countriesmay be subject to the risks of internal and externalconflicts, currency devaluations, foreign ownershiplimitations and tax increases. It is possible that agovernment may take over the assets or operations of acompany or impose restrictions on the exchange orexport of currency or other assets. Some countries alsomay have different legal systems that may make itdifficult for the Portfolio to vote proxies, exerciseinvestor rights, and pursue legal remedies with respectto its foreign investments. Diplomatic and politicaldevelopments, including rapid and adverse politicalchanges, social instability, regional conflicts, terrorismand war, could affect the economies, industries, andsecurities and currency markets, and the value of thePortfolio’s investments, in non-U.S. countries. No onecan predict the impact that these factors could have onthe Portfolio’s securities.

In addition, for foreign securities of European issuers,the departure of any European Union (“EU”) memberfrom use of the Euro could lead to serious disruptionsto foreign exchanges, operations and settlements,which may have an adverse effect on European issuers.More recently, there is uncertainty regarding the state ofthe EU following the United Kingdom’s (“U.K.”) initiationon March 27, 2017 of the process to exit from the EU(“Brexit”). As of January 31, 2020, the U.K. has officiallyexited the EU, though trade negotiations are ongoing.The effect that Brexit may have on the global financialmarkets is uncertain. No one can predict the impactthat these factors could have on the securities held byyour Portfolio.

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Certain stocks may be held in the form of AmericanDepositary Receipts (“ADRs”), Global DepositaryReceipts (“GDRs”), or other similar receipts. ADRs andGDRs represent receipts for foreign common stockdeposited with a custodian (which may include theTrustee). The ADRs in the Portfolio, if any, trade in theU.S. in U.S. dol lars and are registered with theSecurities and Exchange Commission (“SEC”). GDRsare receipts, issued by foreign banks or trustcompanies, or foreign branches of U.S. banks, thatrepresent an interest in shares of either a foreign or U.S.corporation. These instruments may not necessarily bedenominated in the same currency as the securities intowhich they may be converted. ADRs and GDRsgenerally involve the same types of risks as foreigncommon stock held directly. Some ADRs and GDRsmay experience less liquidity than the underlyingcommon stocks traded in their home market. ThePortfolio may invest in sponsored or unsponsoredADRs. Unlike a sponsored ADR where the depositaryhas an exclusive relationship with the foreign issuer, anunsponsored ADR may be created by a depositaryinstitution independently and without the cooperation ofthe foreign issuer. Consequently, information concerningthe foreign issuer may be less current or reliable for anunsponsored ADR and the price of an unsponsoredADR may be more volatile than if it was a sponsoredADR. Depositaries of unsponsored ADRs are notrequired to distribute shareholder communicationsreceived from the foreign issuer or to pass throughvoting rights to its holders. The holders of unsponsoredADRs generally bear all the costs associated withestablishing the unsponsored ADR, whereas the foreignissuers typically bear certain costs in a sponsored ADR.

The purchase and sale of the foreign securities mayoccur in foreign securities markets. Certain of thefactors stated above may make it impossible to buy orsell them in a timely manner or may adversely affect thevalue received on a sale of securities. Custody ofcertain of the securit ies in the Portfol io may bemaintained by a global custody and clearing institutionwhich has entered into a sub-custodian relationshipwith the Trustee. In addit ion, round lot tradingrequirements exist in certain foreign securities markets.

These round lot trading requirements could cause theproportional composition and diversification of thePortfol io’s securit ies to vary when the Portfol iopurchases additional securities or sells securities tosatisfy expenses or Unit redemptions. This could have amaterial impact on investment performance andportfolio composition. Brokerage commissions andother fees generally are higher for foreign securities.Government supervision and regulation of foreignsecurities markets, currency markets, trading systemsand brokers may be less than in the U.S. Theprocedures and rules governing foreign transactionsand custody (holding of the Portfolio’s assets) also mayinvolve delays in payment, delivery or recovery ofmoney or investments.

Foreign companies may not be subject to the samedisclosure, accounting, auditing and financial reportingstandards and practices as U.S. companies. Thus,there may be less information publicly available aboutforeign companies than about most U.S. companies.

Certain foreign securities may be less liquid (harder tosell) and more volatile than many U.S. securities. Thismeans the Portfolio may at times be unable to sell foreignsecurities in a timely manner or at favorable prices.

Because securities of foreign issuers not listed on aU.S. securities exchange generally pay dividends andtrade in foreign currencies, the U.S. dollar value of thesesecurities and dividends will vary with fluctuations inforeign exchange rates. Most foreign currencies havefluctuated widely in value against the U.S. dollar forvarious economic and political reasons. To determinethe value of foreign securities or their dividends, theTrustee will estimate current exchange rates for therelevant currencies based on activity in the variouscurrency exchange markets. However, these marketscan be quite volatile depending on the activity of thelarge international commercial banks, various centralbanks, large multi-national corporations, speculatorsand other buyers and sellers of foreign currencies.Since actual foreign currency transactions may not beinstantly reported, the exchange rates estimated by theTrustee may not reflect the amount the Portfolio wouldreceive in U.S. dollars, had the Trustee sold anyparticular currency in the market. The value of the

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Securities in terms of U.S. dollars, and therefore thevalue of your Units, will decline if the U.S. dollardecreases in value relative to the value of the currenciesin which the Securities trade.

Industry Risks. Each Portfol io may investsignificantly in certain industries. Any negative impacton the related industry will have a greater impact on thevalue of Units than on a portfolio diversified over severalindustries. You should understand the risks of theseindustries before you invest.

The relative weighting or composition of yourPortfolio may change during the life of your Portfolio.Following the Initial Date of Deposit, the Sponsorintends to issue additional Units by depositing in yourPortfolio additional securities in a manner consistentwith the provisions described in the above sectionentitled “The Portfolios”. As described in that section, itmay not be possible to retain or continue to purchaseone or more Securities in your Portfolio. In addition, dueto certain limited circumstances described under“Portfolio Administration”, the composition of theSecurities in your Portfolio may change. Accordingly,the fluctuations in the relative weighting or compositionof your Portfolio may result in concentrations (25% ormore of a Portfolio’s assets) in securities of a particulartype, industry and/or geographic region. As of the InitialDate of Deposit, each Portfolio was significantlyinvested in the following to the extent described below.

Aerospace and Defense Issuers. The U.S. DefensePortfolio invests exclusively in companies involved inthe aerospace and defense industries, which includescompanies operating in the industrials and informationtechnology sectors. These companies are subject tonumerous r isks, including f ierce competit ion,consol idat ion, adverse pol i t ical, economic andgovernmental developments (both in the U.S. andabroad), compliance with varying regulation acrossinternational markets, substantial research anddevelopment costs, cuts in government funding,product and technology obsolescence, l imitednumbers of potential customers and decreaseddemand for new equipment.

Aerospace and defense companies generally derivea significant portion of their revenue from contracts withthe U.S. Government as wel l as with foreigngovernments. In many cases, an issuer in the Portfoliomay have contracts with only a few entities, including,or even solely with, the U.S. Government. As a result,issuers in the Portfolio engaged in contracts with U.S.Government will be subject to many of the risks thatgenerally affect government contractors. Companies inthese industries can be signif icantly affected byapplicable government regulation and spendingpolicies, and by fluctuating government demand fortheir products and services. Levels of governmentspending for the products and services provided bysuch government contractors are often influenced bypolitical support. A significant decline or redirection ofU.S. military expenditures in the future could adverselyaffect the sales and earnings of such companies.

Issuers deriving revenue from contracts with theU.S. Government, and defense companies in particular,face a number of specific risks that may adverselyaffect a company's financial condition and outlook. TheU.S. Government may terminate a contract with anissuer as a result of an issuer's default, resulting inpossible issuer liability to the U.S. Government. TheU.S. Government may terminate a contract for its ownconvenience, which may lead to difficulty for the issuerin recovering costs incurred prior to termination. Suchcontracts may also be modified or terminated due tochanges in congressional funding levels. Governmentcontractors are also subject to stringent routine auditsand reviews, which may lead to significant priceadjustments for products and services. The highlycompetitive bidding environment in which governmentcontractors operate may also reduce the profitability ofcertain government contracts.

Companies involved in the commercial aerospaceindustry are subject to risks including aircraft ordercancellations, changes in aircraft-leasing contracts,excess capacity, cutbacks in profitable business travel,fuel price hikes, labor union settlements, adversechanges in international politics and relations, intenseglobal competition, government regulation and cyclicalmarket patterns. Furthermore, competition in the

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airline industry continues to increase as a result ofairline deregulation.

Consumer Discretionary and Consumer StaplesIssuers. The American Innovation Leaders Portfolio andthe New World Leaders Portfolio invest significantly incompanies that manufacture or sell various consumerproducts. General risks of these companies include theoverall state of the economy, intense competition andconsumer spending trends. A decline in the economywhich results in a reduction of consumers’ disposableincome can negatively impact spending habits. Globalfactors including political developments, imposition ofimport controls, fluctuations in oil prices, and changesin exchange rates may adversely affect issuers ofconsumer products and services.

Competitiveness in the retail industry may requirelarge capital outlays for the installation of automatedcheckout equipment to control inventory, track the saleof items and gauge the success of sales campaigns.Retailers who sell their products over the Internet havethe potential to access more consumers, but mayrequire sophisticated technology to remain competitive.Changes in demographics and consumer tastes canalso affect the demand for, and the success of,consumer products and services in the marketplace.Consumer goods and services companies may besubject to government regulation affecting theirproducts and operations which may negatively impactperformance. Tobacco companies may be adverselyaffected by new laws, regulations and litigation.

Health Care Issuers. The American InnovationLeaders Portfolio invests significantly in health carecompanies. These issuers inc lude companiesinvolved in advanced medical dev ices andinstruments, drugs and biotechnology, managed care,hospital management/health services and medicalsuppl ies. These companies face substant ia lgovernment regulation and approval procedures.General r isks of health care companies includeextensive competition, product liability litigation andevolving government regulation.

On March 30, 2010, the Health Care and EducationReconciliation Act of 2010 (incorporating the Patient

Protection and Affordable Care Act, collectively the“Act”) was enacted into law. The Act continues to havea significant impact on the health care sector throughthe implementation of a number of reforms in a complexand ongoing process, with varying effective dates.Significant provisions of the Act include the introductionof required health care coverage for most Americans,significant expansion in the number of Americanseligible for Medicaid, modification of taxes and taxcredits in the health care sector, and subsidizedinsurance for low to middle income families. The Actalso provides for more thorough regulation of privatehealth insurance providers, including a prohibition onthe denial of coverage due to pre-existing conditions.However, the current Administration is seeking to repealthe Act and many aspects of it are therefore in flux. Inlate 2017, along with the passage of sweeping taxreform, legislation was passed which eliminated theindividual mandate (a penalty for failure to obtain aminimum level of health insurance coverage) beginningin 2019. It is estimated that the repeal of the individualmandate will cause a significant amount of people to beuninsured which may have an adverse effect oninsurance premiums and federal subsidies. TheSponsor is unable to predict the full impact of the Act,or of its potential repeal or modification, on theSecurities in your Portfolio.

As illustrated by the Act, Congress may from time totime propose legislative action that will impact thehealth care sector. The proposals may span a widerange of topics, including cost and price controls (whichmay include a freeze on the prices of prescriptiondrugs), incentives for competition in the provision ofhealth care services, promotion of pre-paid health careplans and additional tax incentives and penalties aimedat the health care sector. The government could alsoreduce funding for health care related research.

Drug and medical products companies also face therisk of increasing competition from new products orservices, generic drug sales, product obsolescence,increased government regulation, obtaining anddefending patents, the expiration of patent protectionfor drug or medical supply products and the risk that aproduct will never come to market. The research and

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development costs of bringing a new drug or medicalproduct to market are substantial. This process involveslengthy government review with no guarantee ofapproval. These companies may have losses and maynot offer proposed products for several years, if at all.The failure to gain approval for a new drug or productcan have a substantial negative effect on a companyand its stock.

Health care equipment and supplier companies arealso affected by rising costs of medical products,devices and services and the increased emphasis onthe delivery of health care through outpatient services.Competition among health care equipment and suppliercompanies is high and can be significantly affected byextensive government regulation or restrictions ongovernment reimbursement for medical expenses. Thegoods and services of health care issuers are alsosubject to risks of malpractice claims, product liabilityclaims or other litigation. Health care facility operatorsface risks related to demand for services, the ability ofthe facility to provide required services, an increasedemphasis on outpatient services, confidence in thefacility, management capabilities, competitive forcesthat may result in price discounting, efforts by insurersand government agencies to limit rates, expenses, thecost and possible unavai labi l i ty of malpracticeinsurance, and termination or restriction of governmentfinancial assistance (such as Medicare, Medicaid orsimilar programs).

Industrials Issuers. The U.S. Defense Portfolio investssignificantly in industrials companies. General risks ofindustrials companies include the general state of theeconomy, intense competition, imposition of importcontrols, volatil ity in commodity prices, currencyexchange rate fluctuation, consolidation, labor relations,domestic and international politics, excess capacity andconsumer spending trends. Companies in theindustrials sector may be adversely affected by liabilityfor environmental damage and product liability claims.Capital goods companies may also be significantlyaffected by overall capital spending and leverage levels,economic cycles, technical obsolescence, delays inmodernization, limitations on supply of key materials,

depletion of resources, government regulations,government contracts and e-commerce initiatives.

Industrials companies may also be affected by factorsmore specific to their individual industries. Industrialmachinery manufacturers may be subject to declines incommercial and consumer demand and the need formodernization. Aerospace and defense companies maybe influenced by decreased demand for new equipment,aircraft order cancellations, disputes over or ability toobtain or retain government contracts, changes ingovernment budget priorities, changes in aircraft-leasingcontracts and cutbacks in profitable business travel. Thenumber of housing starts, levels of public and non-residential construction including weakening demand fornew office and retail space, and overall constructionspending may adversely affect construction materialsand equipment manufacturers. Stocks of transportationcompanies are cyclical and can be significantly affectedby economic changes, fuel prices and insurance costs.Transportation companies in certain countries may alsobe subject to significant government regulation andoversight, which may negatively impact their businesses.

Technology and Information Technology Issuers. TheGlobal Technology Leaders Portfolio invests primarily,and the American Innovation Leaders Portfolio, U.S.Defense Portfolio, and New World Leaders Portfolioinvest significantly, in companies in the technologysector, which includes information technologycompanies. The technology sector includes companiesthat are involved in computer and business services,enterprise software/technical software, Internet andcomputer software, Internet-related services,networking and telecommunications equipment,telecommunications services, electronics products,server hardware, computer hardware and peripherals,semiconductor capital equipment and semiconductors.These companies face risks related to rapidly changingtechnology, rapid product obsolescence, cyclicalmarket patterns, evolving industry standards andfrequent new product introductions.

Companies in this sector face risks from rapidchanges in technology, competition, dependence oncertain suppliers and supplies, rapid obsolescence ofproducts or services, patent termination, frequent new

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products and government regulat ion. Thesecompanies can also be adversely affected byinterruption or reduction in supply of components orloss of key customers and failure to comply withcertain industry standards.

An unexpected change in technology can have asignificant negative impact on a company. The failure ofa company to introduce new products or technologiesor keep pace with rapidly changing technology canhave a negative impact on the company’s results.Certain technology companies may also be smallerand/or less experienced companies with limited productlines, markets or resources. Stocks of some Internetcompanies have high price-to-earnings ratios with littleor no earnings histories. Technology stocks tend toexperience substantial price volatility and speculativetrading. Announcements about new products,technologies, operating results or marketing alliancescan cause stock prices to fluctuate dramatically. Attimes, however, extreme price and volume fluctuationsare unrelated to the operating performance of acompany. This can impact your ability to redeem yourUnits at a price equal to or greater than what you paid.

Liquidity Risk. Liquidity risk is the risk that the valueof a security will fall if trading in the security is limited orabsent. The market for certain investments may becomeless liquid or illiquid due to adverse changes in theconditions of a particular issuer or due to adversemarket or economic conditions. In the absence of aliquid trading market for a particular security, the price atwhich such security may be sold to meet redemptions,as well as the value of the Units of your Portfolio, may beadversely affected. No one can guarantee that a liquidtrading market will exist for any security.

Legislation/Litigation. From time to time, variouslegislative initiatives are proposed in the United Statesand abroad which may have a negative impact oncertain of the companies represented in your Portfolio,or on the tax treatment of your Portfolio or of yourinvestment in a Portfolio. In addition, litigation regardingany of the issuers of the Securities or of the industriesrepresented by these issuers may negatively impact theshare prices of these Securities. No one can predict

what impact any pending or threatened litigation willhave on the share prices of the Securities.

No FDIC Guarantee. An investment in yourPortfolio is not a deposit of any bank and is not insuredor guaranteed by the Federal Deposit InsuranceCorporation or any other government agency.

PUBLIC OFFERING

General. Units are offered at the Public OfferingPrice which consists of the net asset value per Unit plusorganization costs plus the sales charge. The net assetvalue per Unit is the value of the securities, cash andother assets in your Portfolio reduced by the liabilities ofthe Portfolio divided by the total Units outstanding. Themaximum sales charge equals 1.85% of the PublicOffering Price per Unit (1.885% of the aggregateoffering price of the Securities) at the time of purchase.

The initial sales charge is the difference between thetotal sales charge amount (maximum of 1.85% of thePublic Offering Price per Unit) and the sum of theremaining fixed dollar deferred sales charge and thefixed dollar creation and development fee (initially$0.185 per Unit). Depending on the Public OfferingPrice per Unit, you pay the initial sales charge at thetime you buy Units. The deferred sales charge is fixedat $0.135 per Unit. Your Portfolio pays the deferredsales charge in installments as described in the “FeeTable.” If any deferred sales charge payment date isnot a business day, we will charge the payment on thenext business day. If you purchase Units after the initialdeferred sales charge payment, you will only pay thatportion of the payments not yet collected. If youredeem or sell your Units prior to collection of the totaldeferred sales charge, you will pay any remainingdeferred sales charge upon redemption or sale of yourUnits. The initial and deferred sales charges arereferred to as the “transactional sales charge.” Thetransactional sales charge does not include thecreation and development fee which compensates theSponsor for creating and developing your Portfolio andis described under “Expenses.” The creation anddevelopment fee is fixed at $0.05 per Unit. YourPortfolio pays the creation and development fee as ofthe close of the initial offering period as described in

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the “Fee Table.” If you redeem or sell your Units prior tocollection of the creation and development fee, you willnot pay the creation and development fee uponredemption or sale of your Units. After the initial offeringperiod the maximum sales charge will be reduced by0.50%, reflecting the previous collection of the creationand development fee. Because the deferred salescharge and creation and development fee are fixeddollar amounts per Unit, the actual charges will exceedthe percentages shown in the “Fee Table” if the PublicOffering Price per Unit falls below $10 and will be lessthan the percentages shown in the “Fee Table” if thePublic Offering Price per Unit exceeds $10. In no eventwill the maximum total sales charge exceed 1.85% ofthe Public Offering Price per Unit.

The “Fee Table” shows the sales charge calculation ata $10 Public Offering Price per Unit. At a $10 PublicOffering Price, there is no initial sales charge during theinitial offering period. If the Public Offering Price exceeds$10 per Unit, you will pay an initial sales charge equal tothe difference between the total sales charge and thesum of the remaining deferred sales charge and thecreation and development fee. For example, if the PublicOffering Price per Unit rose to $14, the maximum salescharge would be $0.259 (1.85% of the Public OfferingPrice per Unit), consisting of an initial sales charge of$0.074, a deferred sales charge of $0.135 and thecreation and development fee of $0.050.

Since the deferred sales charge and creation anddevelopment fee are fixed dollar amounts per Unit, yourPortfol io must charge these amounts per Unitregardless of any decrease in net asset value. However,if the Public Offering Price per Unit falls to the extentthat the maximum sales charge percentage results in adollar amount that is less than the combined fixed dollaramounts of the deferred sales charge and creation anddevelopment fee, your initial sales charge will be a creditequal to the amount by which these fixed dollar chargesexceed your sales charge at the time you buy Units. Insuch a situation, the value of securities per Unit wouldexceed the Public Offering Price per Unit by the amountof the initial sales charge credit and the value of thosesecurities will fluctuate, which could result in a benefit ordetriment to Unitholders that purchase Units at that

price. The initial sales charge credit is paid by theSponsor and is not paid by the Portfolio. If the PublicOffering Price per Unit fell to $6, the maximum salescharge would be $0.111 (1.85% of the Public OfferingPrice per Unit), which consists of an initial sales charge(credit) of -$0.074, a deferred sales charge of $0.135and a creation and development fee of $0.050.

The actual sales charge that may be paid by aninvestor may differ slightly from the sales chargesshown herein due to rounding that occurs in thecalculation of the Public Offering Price and in thenumber of Units purchased.

The minimum purchase is 100 Units (25 Units forretirement accounts) but may vary by selling firm.Certain broker-dealers or selling firms may charge anorder handling fee for processing Unit purchases.

Reducing Your Sales Charge. The Sponsoroffers ways for you to reduce the sales charge that youpay. It is your financial professional’s responsibility toalert the Sponsor of any discount when you purchaseUnits. Before you purchase Units you must also informyour financial professional of your qualification for anydiscount to be eligible for a reduced sales charge. Sincethe deferred sales charges and creation anddevelopment fee are fixed dollar amounts per Unit, yourPortfol io must charge these amounts per Unitregardless of any discounts. However, if you are eligibleto receive a discount such that your total sales chargeis less than the fixed dollar amounts of the deferredsales charges and creation and development fee, youwill receive a credit equal to the difference between yourtotal sales charge and these fixed dollar charges at thetime you buy Units.

Fee Accounts. Investors may purchase Units throughregistered investment advisers, certified financialplanners and registered broker-dealers who in eachcase either charge periodic fees for brokerage services,f inancial planning, investment advisory or assetmanagement services, or provide such services inconnection with the establishment of an investmentaccount for which a comprehensive “fee based” charge(“Fee Based”) is imposed (“Fee Accounts”). If Units of aPortfolio are purchased for a Fee Account and the

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Portfolio is subject to a Fee Based charge (i.e., thePortfolio is “Fee Based Eligible”), then the purchase willnot be subject to the transactional sales charge but willbe subject to the creation and development fee of$0.05 per Unit that is retained by the Sponsor. Pleaserefer to the section called “Fee Accounts” for additionalinformation on these purchases. The Sponsor reservesthe right to limit or deny purchases of Units described inthis paragraph by investors or selling firms whosefrequent trading activity is determined to be detrimentalto a Portfolio. Fee Based Eligible Units are not eligiblefor any sales charge discounts in addition to that whichis described in this paragraph and under the “FeeAccounts” section found below.

Employees. Employees, officers and directors(including their spouses (or the equivalent if recognizedunder local law) and children or step-children under 21living in the same household, parents or step-parentsand trustees, custodians or fiduciaries for the benefit ofsuch persons) of Invesco Capital Markets, Inc. and itsaffiliates, and dealers and their affiliates may purchaseUnits at the Public Offering Price less the applicabledealer concession. All employee discounts are subjectto the pol icies of the related sel l ing f irm. Onlyemployees, officers and directors of companies thatallow their employees to participate in this employeediscount program are eligible for the discounts.

Distribution Reinvestments. We do not charge anysales charge when you reinvest distributions from yourPortfolio into additional Units of your Portfolio. Since thedeferred sales charges and creation and developmentfee are fixed dollar amounts per unit, your Portfolio mustcharge these amounts per unit regardless of thisdiscount. If you elect to reinvest distributions, theSponsor will credit you with additional Units with adollar value sufficient to cover the amount of anyremaining deferred sales charge and creation anddevelopment fee that will be collected on such Units atthe time of reinvestment. The dollar value of these Unitswill fluctuate over time.

Unit Price. The Public Offering Price of Units willvary from the amounts stated under “EssentialInformation” in accordance with fluctuations in the pricesof the underlying Securities in the Portfolios. The initial

price of the Securities upon deposit by the Sponsor wasdetermined by the Trustee. The Trustee will generallydetermine the value of the Securities as of the EvaluationTime on each business day and will adjust the PublicOffering Price of Units accordingly. The Evaluation Timeis the close of the New York Stock Exchange on eachbusiness day. The term “business day”, as used hereinand under “Rights of Unitholders--Redemption of Units”,means any day on which the New York Stock Exchangeis open for regular trading. The Public Offering Price perUnit will be effective for all orders received prior to theEvaluation Time on each business day. Orders receivedby the Sponsor prior to the Evaluation Time and ordersreceived by authorized financial professionals prior to theEvaluation Time that are properly transmitted to theSponsor by the time designated by the Sponsor, arepriced based on the date of receipt. Orders received bythe Sponsor after the Evaluation Time, and ordersreceived by authorized financial professionals after theEvaluation Time or orders received by such persons thatare not transmitted to the Sponsor until after the timedesignated by the Sponsor, are priced based on thedate of the next determined Public Offering Price perUnit provided they are received timely by the Sponsor onsuch date. It is the responsibility of authorized financialprofessionals to transmit orders received by them to theSponsor so they will be received in a timely manner.

The value of portfolio securities is based on thesecurities’ market price when available. When a marketprice is not readily available, including circumstancesunder which the Trustee determines that a security’smarket price is not accurate, a portfolio security isvalued at its fair value, as determined under proceduresestablished by the Trustee or an independent pricingservice used by the Trustee. In these cases, a Portfolio’snet asset value will reflect certain portfolio securities’ fairvalue rather than their market price. With respect tosecurities that are primarily listed on foreign exchanges,the value of the portfolio securities may change on dayswhen you will not be able to purchase or sell Units. Thevalue of any foreign securit ies is based on theapplicable currency exchange rate as of the EvaluationTime. The Sponsor will provide price dissemination andoversight services to the Portfolios.

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During the initial offering period, part of the PublicOffering Price represents an amount that will pay thecosts incurred in establishing your Portfolio. Thesecosts include the costs of preparing documents relatingto the Portfolio (such as the registration statement,prospectus, trust agreement and legal documents),federal and state registration fees, the initial fees andexpenses of the Trustee and the initial audit. YourPortfolio will sell securities to reimburse us for thesecosts at the end of the initial offering period or after sixmonths, if earlier. The value of your Units will declinewhen the Portfolio pays these costs.

Unit Distribution. Units will be distributed to thepublic by the Sponsor, broker-dealers and others at thePublic Offer ing Price. Units repurchased in thesecondary market, if any, may be offered by thisprospectus at the secondary market Public OfferingPrice in the manner described above.

Unit Sales Concessions. Brokers, dealers and otherswil l be al lowed a regular concession or agencycommission in connection with the distribution of Unitsduring the initial offering period of 1.25% of the PublicOffering Price per Unit.

Volume Concession Based Upon Annual Sales. Asdescribed below, broker-dealers and other sellingagents may in certain cases be eligible for an additionalconcession based upon their annual eligible sales of allInvesco fixed income and equity unit investment trusts.Eligible sales include all units of any Invesco unitinvestment trust underwritten or purchased directly fromInvesco during a trust’s initial offering period. Forpurposes of this concession, trusts designated as either“Invesco Unit Trusts, Taxable Income Series” or“Invesco Unit Trusts, Municipal Series” are fixed incometrusts, and trusts designated as “Invesco Unit TrustsSeries” are equity trusts. In addition to the regularconcessions or agency commissions described abovein “Unit Sales Concessions” all broker-dealers and othersell ing firms wil l be eligible to receive additionalcompensation based on total initial offering period salesof all eligible Invesco unit investment trusts during theprevious consecutive 12-month period through the endof the most recent month. The Volume Concession, as

applicable to equity and fixed income trust units, is setforth in the following table:

Volume Concession ____________________ Total Sales Equity Trust Fixed Income (in millions) Units Trust Units______________________ ____________ ______________

$25 but less than $100 0.035% 0.035%$100 but less than $150 0.050 0.050$150 but less than $250 0.075 0.075$250 but less than $1,000 0.100 0.100$1,000 but less than $5,000 0.125 0.100$5,000 but less than $7,500 0.150 0.100$7,500 or more 0.175 0.100

Broker-dealers and other selling firms will not receivethe Volume Concession on the sale of units purchasedin Fee Accounts, however, such sales will be included indetermining whether a firm has met the sales levelbreakpoints set forth in the Volume Concession tableabove. Secondary market sales of all unit investmenttrusts are excluded for purposes of the VolumeConcession. Eligible dealer firms and other sellingagents include clearing firms that place orders withInvesco and provide Invesco with information withrespect to the representatives who initiated suchtransactions. Eligible dealer firms and other sellingagents will not include firms that solely provide clearingservices to other broker-dealer firms or firms who placeorders through clearing firms that are eligible dealers.We reserve the right to change the amount of theconcessions or agency commissions from time to time.For a trust to be el igible for this addit ionalcompensation, the trust’s prospectus must includedisclosure related to this additional compensation.

Additional Information. Except as provided in thissection, any sales charge discount provided toinvestors will be borne by the selling broker-dealer oragent. For all secondary market transactions the totalconcession or agency commission will amount to 80%of the applicable sales charge. Notwithstandinganything to the contrary herein, in no case shall the totalof any concessions, agency commissions and anyadditional compensation allowed or paid to any broker,dealer or other distributor of Units with respect to anyindividual transaction exceed the total sales chargeapplicable to such transaction. The Sponsor reserves

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the right to reject, in whole or in part, any order for thepurchase of Units and to change the amount of theconcession or agency commission to dealers andothers from time to time.

We may provide, at our own expense and out of ourown profits, additional compensation and benefits tobroker-dealers who sell Units of these Portfolios and ourother products. This compensation is intended to resultin additional sales of our products and/or compensatebroker-dealers and financial advisors for past sales. Wemay make these payments for marketing, promotionalor related expenses, including, but not limited to,expenses of entertaining retail customers and financialadvisors, advert ising, sponsorship of events orseminars, obtaining shelf space in broker-dealer firmsand similar activities designed to promote the sale ofthe Portfolios and our other products. Fees may includepayment for travel expenses, including lodging, incurredin connection with trips taken by invited registeredrepresentatives for meetings or seminars of a businessnature. These arrangements will not change the priceyou pay for your Units.

Sponsor Compensation. The Sponsor will receivethe total sales charge applicable to each transaction.Except as provided under “Unit Distribution,” any salescharge discount provided to investors will be borne bythe selling dealer or agent. In addition, the Sponsor willrealize a profit or loss as a result of the differencebetween the price paid for the Securities by theSponsor and the cost of the Securities to each Portfolioon the Initial Date of Deposit as well as on subsequentdeposits. See “Notes to Portfolios”. The Sponsor hasnot participated as sole underwriter or as manager oras a member of the underwriting syndicates or as anagent in a private placement for any of the Securities.The Sponsor may realize profit or loss as a result of thepossible fluctuations in the market value of Units heldby the Sponsor for sale to the public. In maintaining asecondary market, the Sponsor will realize profits orlosses in the amount of any difference between theprice at which Units are purchased and the price atwhich Units are resold (which price includes theapplicable sales charge) or from a redemption ofrepurchased Units at a price above or below the

purchase price. Cash, if any, made available to theSponsor prior to the date of settlement for the purchaseof Units may be used in the Sponsor’s business andmay be deemed to be a benefit to the Sponsor, subjectto the limitations of the Securities Exchange Act of1934, as amended (“1934 Act”).

The Sponsor or an affiliate may have participated in apublic offering of one or more of the Securities. TheSponsor, an affiliate or their employees may have a longor short position in these Securities or related securities.An affiliate may act as a specialist or market maker forthese Securities. An officer, director or employee of theSponsor or an affiliate may be an officer or director forissuers of the Securities.

Market for Units. Although it is not obligated to doso, the Sponsor may maintain a market for Units and topurchase Units at the secondary market repurchaseprice (which is described under “Right of Unitholders--Redemption of Units”). The Sponsor may discontinuepurchases of Units or discontinue purchases at thisprice at any time. In the event that a secondary marketis not maintained, a Unitholder will be able to dispose ofUnits by tendering them to the Trustee for redemptionat the Redemption Price. See “Rights of Unitholders--Redemption of Units”. Unitholders should contact theirbroker to determine the best price for Units in thesecondary market. Units sold prior to the time the entiredeferred sales charge has been collected will beassessed the amount of any remaining deferred salescharge at the time of sale. The Trustee will notify theSponsor of any Units tendered for redemption. If theSponsor’s bid in the secondary market equals orexceeds the Redemption Price per Unit, i t maypurchase the Units not later than the day on whichUnits would have been redeemed by the Trustee. TheSponsor may sell repurchased Units at the secondarymarket Public Offering Price per Unit.

RETIREMENT ACCOUNTS

Units are available for purchase in connection withcertain types of tax-sheltered retirement plans, includingIndividual Retirement Accounts for individuals,Simplified Employee Pension Plans for employees,qualified plans for self-employed individuals, and

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qualified corporate pension and profit sharing plans foremployees. The minimum purchase for these accountsis reduced to 25 Units but may vary by selling firm. Thepurchase of Units may be l imited by the plans’provisions and does not itself establish such plans.

FEE ACCOUNTS

As described above, Units may be available forpurchase by investors in Fee Accounts where thePortfolio is Fee Based Eligible. You should consult yourfinancial professional to determine whether you canbenefit from these accounts. This table illustrates thesales charge you will pay if the Portfolio is Fee BasedEligible as a percentage of the initial Public OfferingPrice per Unit on the Initial Date of Deposit (thepercentage will vary thereafter).

Initial sales charge 0.00%Deferred sales charge 0.00 ______ Transactional sales charge 0.00% ______ ______Creation and development fee 0.50% ______ Total sales charge 0.50% ______ ______

You should consult the “Public Offering--ReducingYour Sales Charge” section for specific information onthis and other sales charge discounts. That sectiongoverns the calculation of all sales charge discounts.The Sponsor reserves the right to l imit or denypurchases of Units in Fee Accounts by investors orsel l ing f irms whose frequent trading activity isdetermined to be detrimental to a Portfolio. To purchaseUnits in these Fee Accounts, your financial professionalmust purchase Units designated with one of the FeeBased CUSIP numbers set forth under “EssentialInformation,” either Fee Based Cash for cashdistributions or Fee Based Reinvest for the reinvestmentof distributions in additional Units, if available. See“Rights of Unitholders--Reinvestment Option.”

RIGHTS OF UNITHOLDERS

Distributions. With respect to the Portfolios offeredin this prospectus (with the exception of the U.S.Defense Portfolio), dividends and interest, net of

expenses, and any net proceeds from the sale ofSecurities received by a Portfolio will generally bedistributed to Unitholders on each Distribution Date toUnitholders of record on the preceding Record Date.With respect to the U.S. Defense Portfolio, the Trusteewill generally distribute the cash held in the Income andCapital Accounts of your portfolio, net of expenses, oneach Distribution Date to Unitholders of record on thepreceding Record Date, provided that the total cashheld for distribution equals at lease 0.1% of yourPortfolio’s net asset value. These dates appear under“Essential Information”. Distributions made by any realestate investment trusts in the New World LeadersPortfolio include ordinary income, but may also includesources other than ordinary income such as returns ofcapital, loan proceeds, short-term capital gains andlong-term capital gains (see “Taxation--Distributions”). Inaddition, the Portfolios (except the U.S. DefensePortfolio, which is structured as a grantor trust) willgenerally make required distributions at the end of eachyear because each is structured as a “regulatedinvestment company” (“RIC”) for federal tax purposes.Unitholders will also receive a final distribution of incomewhen their Portfolio terminates. A person becomes aUnitholder of record on the date of settlement (generallytwo business days after Units are ordered or anyshorter period as may be required by the applicablerules under the 1934 Act). Unitholders may elect toreceive distributions in cash or to have distributionsreinvested into addit ional Units. See “Rights ofUnitholders--Reinvestment Option”.

Dividends and interest received by a Portfolio arecredited to the Income Account of the Portfolio. Otherreceipts (e.g., capital gains, proceeds from the sale ofSecurities, etc.) are credited to the Capital Account.Proceeds received on the sale of any Securities, to theextent not used to meet redemptions of Units or paydeferred sales charges, fees or expenses, will bedistributed to Unitholders. Proceeds received from thedisposition of any Securities after a Record Date andprior to the following Distribution Date will be held in theCapital Account and not distributed until the nextDistribution Date. Any distribution to Unitholdersconsists of each Unitholder’s pro rata share of the

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available cash in the Income and Capital Accounts as ofthe related Record Date.

Historical and Estimated Distributions. Thehistorical annual income per Unit, and estimated initialdistribution per Unit (if any), may be shown under“Essential Information.” These figures are based ondistribution data from the 12 month period precedingthe Initial Date of Deposit. Generally, these figures arebased upon several recently declared dividends ordistributions within the preceding 12 month period, aswell as interim and final dividends or distributions offoreign issuers (accounting for any foreign withholdingtaxes or additional declared distributions). With respectto domestic common stock issuers, these figures aretypically based upon the most recent ordinary quarterlydividend, which is annualized. However, commonstocks do not assure dividend payments and thereforethe amount of future dividend income to your Portfoliois uncertain. The actual net annual distributions maydecrease over time because a portion of the Securitiesincluded in your Portfolio will be sold to pay for theorganization costs, deferred sales charge and creationand development fee. Securities may also be sold topay regular fees and expenses during your Portfolio’slife. Dividend and income conventions for certaincompanies and/or certain countries differ from thosetypically used in the United States and in certaininstances, dividends/income paid or declared overseveral years or other periods may be used to calculatehistorical annual distributions. The actual net annualincome distributions you receive will vary from thehistorical annual distribution amount due to changes individends and distribution amounts paid by the issuers;currency fluctuations; the sale of Securities to pay anydeferred sales charge; Portfolio fees and expenses; andwith changes in your Portfolio such as the acquisition,call, maturity or sale of Securities. In addition, due to thenegative economic impact across many industriescaused by the recent COVID-19 outbreak, certainissuers of the securities included in a Portfolio haveelected or may elect to reduce the amount of, or cancelentirely, dividends and/or distributions paid in the future.As a result, the Historical 12 Month Distributions perUnit, and Estimated Initial Distribution per Unit (if any),

shown under “ Essential Information” will likely behigher, and in some cases significantly higher, than theactual distributions achieved by a Portfolio. Due tothese and various other factors, actual income receivedby your Portfolio will most likely differ from the mostrecent dividends or scheduled income payments.

Reinvestment Option. Unitholders may havedistributions automatically reinvested in additional Unitswithout a sales charge (to the extent Units may belawfully offered for sale in the state in which theUnitholder resides). The CUSIP numbers for either“Cash” distributions or “Reinvest” for the reinvestmentof distr ibut ions are set forth under “Essent ia lInformation”. Brokers and dealers can use the DividendReinvestment Service through Depository TrustCompany (“DTC”) or purchase a Reinvest (or FeeBased Reinvest in the case of Fee Based Eligible Unitsheld in Fee Accounts) CUSIP, if available. To participatein this reinvestment option, a Unitholder must file withthe Trustee a written notice of election, together withany other documentation that the Trustee may thenrequire, at least five days prior to the related RecordDate. A Unitholder’s election will apply to all Unitsowned by the Unitholder and will remain in effect untilchanged by the Unitholder. The reinvestment option isnot offered during the 30 calendar days prior totermination. If Units are unavailable for reinvestment orthis reinvestment option is no longer avai lable,distributions will be paid in cash. Distributions will betaxable to Unitholders if paid in cash or automaticallyreinvested in additional Units. See “Taxation”.

A participant may elect to terminate his or herreinvestment plan and receive future distributions incash by notifying the Trustee in writing no later than fivedays before a Distribution Date. The Sponsor shallhave the r ight to suspend or terminate thereinvestment plan at any time. The reinvestment plan issubject to availability or limitation by each broker-dealeror sel l ing f i rm. Broker-dealers may suspend orterminate the offering of a reinvestment plan at anytime. Please contact your financial professional foradditional information.

Redemption of Units. All or a portion of your Unitsmay be tendered to The Bank of New York Mellon, the

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Trustee, for redemption at Unit Investment TrustDivision, 111 Sanders Creek Parkway, East Syracuse,New York 13057, on any day the New York StockExchange is open. No redemption fee will be chargedby the Sponsor or the Trustee, but you are responsiblefor applicable governmental charges, if any. Unitsredeemed by the Trustee will be canceled. You mayredeem all or a portion of your Units by sending arequest for redemption to your bank or broker-dealerthrough which you hold your Units. No later than twobusiness days (or any shorter period as may berequired by the applicable rules under the 1934 Act)following satisfactory tender, the Unitholder will beentitled to receive in cash an amount for each Unitequal to the Redemption Price per Unit next computedon the date of tender. The “date of tender” is deemed tobe the date on which Units are received by the Trustee,except that with respect to Units received by theTrustee after the Evaluation Time or on a day which isnot a business day, the date of tender is deemed to bethe next business day. Redemption requests receivedby the Trustee after the Evaluation T ime, andredemption requests received by authorized financialprofessionals after the Evaluation Time or redemptionrequests received by such persons that are nottransmitted to the Trustee until after the time designatedby the Trustee, are priced based on the date of the nextdetermined redemption price provided they are receivedtimely by the Trustee on such date. It is theresponsibility of authorized financial professionals totransmit redemption requests received by them to theTrustee so they will be received in a timely manner.Certain broker-dealers or selling firms may charge anorder handling fee for processing redemption requests.Units redeemed directly through the Trustee are notsubject to such fees.

Unitholders tendering 1,000 or more Units (or suchhigher amount as may be required by yourbroker-dealer or selling agent) for redemption mayrequest an in kind distribution of Securities equal to theRedemption Price per Unit on the date of tender.Unitholders may not request an in kind distributionduring the initial offering period or within 30 calendardays of a Portfolio’s termination. The Portfolios generally

will not offer in kind distributions of portfolio securitiesthat are held in foreign markets. An in kind distributionwill be made by the Trustee through the distribution ofeach of the Securities in book-entry form to the accountof the Unitholder’s broker-dealer at DTC. Amountsrepresenting fractional shares will be distributed in cash.The Trustee may adjust the number of shares of anySecurity included in a Unitholder’s in kind distribution tofacilitate the distribution of whole shares. The in kinddistribution option may be modified or discontinued atany time without notice. Notwithstanding the foregoing,if the Unitholder requesting an in kind distribution is theSponsor or an affiliated person of the Portfolio, theTrustee may make an in kind distribution to suchUnitholder provided that no one with a pecuniaryincentive to influence the in kind distribution mayinfluence selection of the distributed securities, thedistribution must consist of a pro rata distribution of allportfolio securities (with limited exceptions) and the inkind distribution may not favor such affiliated person tothe detriment of any other Unitholder. Unitholders willincur transaction costs in liquidating securities receivedin an in-kind distribution, and any such securitiesreceived will be subject to market risk until sold. In theevent that any securities received in-kind are illiquid,Unitholders will bear the risk of not being able to sellsuch securities in the near term, or at all.

The Trustee may sell Securities to satisfy Unitredemptions. To the extent that Securit ies areredeemed in kind or sold, the size of a Portfolio will be,and the diversity of a Portfolio may be, reduced. Salesmay be required at a time when Securities would nototherwise be sold and may result in lower prices thanmight otherwise be realized. The price received uponredemption may be more or less than the amount paidby the Unitholder depending on the value of theSecurities at the time of redemption. Special federalincome tax consequences will result if a Unitholderrequests an in kind distribution. See “Taxation”.

The Redemption Price per Unit and the secondarymarket repurchase price per Unit are equal to the prorata share of each Unit in each Portfolio determined onthe basis of (i) the cash on hand in the Portfolio, (ii) thevalue of the Securities in the Portfolio and (iii) dividends

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or other income distr ibutions receivable on theSecurities in the Portfolio trading ex-dividend as of thedate of computation, less (a) amounts representingtaxes or other governmental charges payable out of thePortfolio, (b) the accrued expenses of the Portfolio(including costs associated with liquidating securitiesafter the end of the initial offering period) and (c) anyunpaid deferred sales charge payments. During theinitial offering period, the redemption price and thesecondary market repurchase price will not be reducedby estimated organization costs or the creation anddevelopment fee. For these purposes, the Trustee willdetermine the value of the Securities as describedunder “Public Offering--Unit Price”.

The right of redemption may be suspended andpayment postponed for any period during which theNew York Stock Exchange is closed, other than forcustomary weekend and holiday closings, or anyperiod during which the SEC determines that tradingon that Exchange is restricted or an emergency exists,as a result of which disposal or evaluation of theSecurities is not reasonably practicable, or for otherperiods as the SEC may permit.

Exchange Option. When you redeem Units of yourPortfol io or when your Portfol io terminates (see“Rollover” below), you may be able to exchange yourUnits for units of other Invesco unit trusts. You shouldcontact your financial professional for more informationabout trusts currently available for exchanges. Beforeyou exchange Units, you should read the prospectus ofthe new trust carefully and understand the risks andfees. You should then discuss this option with yourfinancial professional to determine whether yourinvestment goals have changed, whether current trustssuit you and to discuss tax consequences. A rollover orexchange is a taxable event to you. We maydiscontinue this option at any time.

Rollover. We may offer a subsequent series of eachPortfolio for a Rollover when the Portfolios terminate.

On the Mandatory Termination Date you will havethe option to (1) participate in a Rollover and haveyour Units reinvested into a subsequent trust series or(2) receive a cash distribution.

If you elect to participate in a cash Rollover, yourUnits will be redeemed on the Mandatory TerminationDate. As the redemption proceeds become available,the proceeds (including dividends) will be invested in anew trust series at the public offering price for the newtrust. The Trustee will attempt to sell Securities to satisfythe redemption as quickly as practicable on theMandatory Termination Date. We do not anticipate thatthe sale period will be longer than one day, however,certain factors could affect the ability to sell theSecurities and could impact the length of the saleperiod. The liquidity of any Security depends on thedaily trading volume of the Security and the amountavailable for redemption and reinvestment on any day.

We may make subsequent trust series available forsale at various times during the year. Of course, wecannot guarantee that a subsequent trust or sufficientunits will be available or that any subsequent trusts willoffer the same investment strategies or objectives as thecurrent Portfolios. We cannot guarantee that a Rolloverwill avoid any negative market price consequencesresulting from trading large volumes of securities. Marketprice trends may make it advantageous to sell or buysecurities more quickly or more slowly than permitted bythe Portfolio procedures. We may, in our sole discretion,modify a Rollover or stop creating units of a trust at anytime regardless of whether all proceeds of Unitholdershave been reinvested in a Rollover. If we decide not tooffer a subsequent series, Unitholders will be notifiedprior to the Mandatory Termination Date. Cash whichhas not been reinvested in a Rollover will be distributedto Unitholders shortly after the Mandatory TerminationDate. Rollover participants may receive taxabledividends or realize taxable capital gains which arereinvested in connection with a Rollover but may not beentitled to a deduction for capital losses due to the“wash sale” tax rules. Due to the reinvestment in asubsequent trust, no cash will be distributed to pay anytaxes. See “Taxation”.

Units. Ownership of Units is evidenced inbook-entry form only and will not be evidenced bycertificates. Units purchased or held through your bankor broker-dealer will be recorded in book-entry formand credited to the account of your bank or

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broker-dealer at DTC. Units are transferable bycontacting your bank or broker-dealer through whichyou hold your Units. Transfer, and the requirementstherefore, wi l l be governed by the appl icableprocedures of DTC and your agreement with the DTCparticipant in whose name your Units are registered onthe transfer records of DTC.

Reports Provided. Unitholders will receive astatement of dividends and other amounts received bya Portfolio for each distribution. Within a reasonabletime after the end of each year, each person who was aUnitholder during that year will receive a statementdescribing dividends and capital received, actualPortfolio distributions, Portfolio expenses, a list of theSecurities and other Portfolio information. Unitholdersmay obtain evaluations of the Securities upon requestto the Trustee. If you have questions regarding youraccount or your Portfolio, please contact your financialadvisor or the Trustee. The Sponsor does not haveaccess to individual account information.

PORTFOLIO ADMINISTRATION

Portfolio Administration. The Portfolios are notmanaged funds and, except as provided in the TrustAgreement, Securities generally will not be sold orreplaced. The Sponsor may, however, direct thatSecurities be sold in certain limited circumstances toprotect the Portfol io based on advice from theSupervisor. These situations may include events suchas the issuer having defaulted on payment of any of itsoutstanding obligations or the price of a Security hasdeclined to such an extent or other credit factors existso that in the opinion of the Supervisor retention of theSecurity would be detrimental to the Portfolio. If a publictender offer has been made for a Security or a mergeror acquisition has been announced affecting a Security,the Trustee may either sell the Security or accept anoffer if the Supervisor determines that the sale orexchange is in the best interest of Unitholders. TheTrustee will distribute any cash proceeds to Unitholders.In addition, the Trustee may sell Securities to redeemUnits or pay Portfolio expenses or deferred salescharges. With respect to a Portfolio structured as agrantor trust for federal tax purposes, the Trustee must

reject any offer for securities or property other than cashin exchange for the Securities. If securities or propertyare acquired by a Portfolio, the Sponsor may direct theTrustee to sell the securities or property and distributethe proceeds to Unitholders or to accept the securitiesor property for deposit in the Portfolio. Should anycontract for the purchase of any of the Securities fail,the Sponsor will (unless substantially all of the moneysheld in the Portfol io to cover the purchase arereinvested in substitute Securities in accordance withthe Trust Agreement) refund the cash and sales chargeattributable to the failed contract to all Unitholders on orbefore the next Distribution Date.

Except with respect to the U.S. Defense Portfolio, theSponsor may direct the reinvestment of proceeds of thesale of Securities if the sale is the direct result of seriousadverse credit factors which, in the opinion of theSponsor, would make retention of the Securitiesdetrimental to your Portfolio. In such a case, theSponsor may, but is not obligated to, direct thereinvestment of sale proceeds in any other securitiesthat meet the criteria for inclusion in your Portfolio on theInitial Date of Deposit. The Sponsor may also instruct theTrustee to take action necessary to ensure that yourPortfolio continues to satisfy the qualifications of a RICand to avoid imposition of tax on undistributed incomeof the Portfolio.

When your Portfolio sells Securities, the compositionand diversity of the Securities in the Portfolio may bealtered. In order to obtain the best price for a Portfolio, itmay be necessary for the Supervisor to specifyminimum amounts (generally 100 shares) in whichblocks of Securit ies are to be sold. In effectingpurchases and sales of portfolio securities, the Sponsormay direct that orders be placed with and brokeragecommissions be paid to brokers, including brokerswhich may be affiliated with the Portfolios, the Sponsoror dealers participating in the offering of Units.

Pursuant to an exemptive order, your Portfolio maybe permitted to sell Securities to a new trust when itterminates if those Securities are included in the newtrust. The exemption may enable your Portfolio toeliminate commission costs on these transactions. Theprice for those securities will be the closing sale price

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on the sale date on the exchange where the Securitiesare principally traded, as certified by the Sponsor.

Amendment of the Trust Agreement. TheTrustee and the Sponsor may amend the TrustAgreement without the consent of Unitholders tocorrect any provision which may be defective or tomake other provisions that will not materially adverselyaffect Unitholders (as determined in good faith by theSponsor and the Trustee). The Trust Agreement may notbe amended to increase the number of Units or permitacquisition of securities in addition to or substitution forthe Securit ies (except as provided in the TrustAgreement). The Trustee will notify Unitholders of anyamendment.

Termination. Your Portfolio will terminate on theMandatory Termination Date specified under “EssentialInformation” or upon the sale or other disposition of thelast Security held in the Portfolio. Your Portfolio may beterminated at any time with consent of Unitholdersrepresenting two-thirds of the outstanding Units or bythe Trustee when the value of the Portfolio is less than$500,000 ($3,000,000 if the value of the Portfolio hasexceeded $15,000,000) (the “Minimum TerminationValue”). Your Portfolio will be liquidated by the Trusteein the event that a sufficient number of Units of thePortfolio not yet sold are tendered for redemption bythe Sponsor, so that the net worth of the Portfoliowould be reduced to less than 40% of the value of theSecurities at the time they were deposited in thePortfolio. If your Portfolio is liquidated because of theredemption of unsold Units by the Sponsor, theSponsor will refund to each purchaser of Units theentire sales charge paid by such purchaser. TheTrustee may begin to sell Securities in connection witha Portfolio termination nine business days before, andno later than, the Mandatory Termination Date.Qualified Unitholders may elect an in kind distribution ofSecurities, provided that Unitholders may not requestan in kind distribution of Securities within 30 calendardays of a Portfolio’s termination. Any in kind distributionof Securities will be made in the manner and subject tothe restrictions described under “Rights of Unitholders--Redemption of Units”, provided that, in connectionwith an in kind distribution election more than 30

calendar days pr ior to terminat ion, Unitholderstendering 1,000 or more Units of a Portfolio (or suchhigher amount as may be required by your broker-dealer or sel l ing agent) may request an in kinddistribution of Securities equal to the Redemption Priceper Unit on the date of tender. Unitholders will receive afinal cash distribution within a reasonable time after theMandatory Termination Date. All distributions will be netof Portfolio expenses and costs. Unitholders willreceive a f inal distr ibut ion statement fol lowingtermination. The Information Supplement containsfurther information regarding termination of yourPortfolio. See “Additional Information”.

Limitations on Liabilities. The Sponsor,Supervisor and Trustee are under no liability for takingany action or for refraining from taking any action in goodfaith pursuant to the Trust Agreement, or for errors injudgment, but shall be liable only for their own willfulmisfeasance, bad faith or gross negligence (negligencein the case of the Trustee) in the performance of theirduties or by reason of their reckless disregard of theirobligations and duties hereunder. The Trustee is notliable for depreciation or loss incurred by reason of thesale by the Trustee of any of the Securities. In the eventof the failure of the Sponsor to act under the TrustAgreement, the Trustee may act thereunder and is notliable for any action taken by it in good faith under theTrust Agreement. The Trustee is not liable for any taxesor other governmental charges imposed on theSecurities, on it as Trustee under the Trust Agreement oron a Portfolio which the Trustee may be required to payunder any present or future law of the United States ofAmerica or of any other taxing authority havingjurisdiction. In addition, the Trust Agreement containsother customary provisions limiting the liability of theTrustee. The Sponsor and Supervisor may rely on anyevaluation furnished by the Trustee and have noresponsibility for the accuracy thereof. Determinations bythe Trustee shall be made in good faith upon the basis ofthe best information available to it.

Sponsor. Invesco Capital Markets, Inc. is the Sponsorof your Portfolio. The Sponsor is a wholly ownedsubsidiary of Invesco Advisers, Inc. (“Invesco Advisers”).Invesco Advisers is an indirect wholly owned subsidiary

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of Invesco Ltd., a leading independent global investmentmanager that provides a wide range of investmentstrategies and vehicles to its retail, institutional and highnet worth clients around the globe. The Sponsor’sprincipal office is located at 11 Greenway Plaza, Houston,Texas 77046-1173. As of March 31, 2020, the totalstockholders’ equity of Invesco Capital Markets, Inc. was$90,225,420.57 (unaudited). The current assets undermanagement and supervision by Invesco Ltd. and itsaffiliates were valued at approximately $1,053.4 billion asof March 31, 2020.

The Sponsor and your Portfolio have adopted a codeof ethics requiring Invesco Ltd.’s employees who haveaccess to information on Portfolio transactions to reportpersonal securities transactions. The purpose of the codeis to avoid potential conflicts of interest and to preventfraud, deception or misconduct with respect to yourPortfolio. The Information Supplement contains additionalinformation about the Sponsor.

If the Sponsor shall fail to perform any of its dutiesunder the Trust Agreement or become incapable ofacting or shall become bankrupt or its affairs are takenover by public authorities, then the Trustee may(i ) appoint a successor Sponsor at rates ofcompensation deemed by the Trustee to be reasonableand not exceeding amounts prescribed by the SEC,(ii) terminate the Trust Agreement and liquidate thePortfolios as provided therein or (iii) continue to act asTrustee without terminating the Trust Agreement.

Trustee. The Trustee is The Bank of New YorkMellon, a trust company organized under the laws ofNew York. The Bank of New York Mellon has itsprincipal unit investment trust division offices at 2Hanson Place, 12th Floor, Brooklyn, New York 11217,(800) 856-8487. If you have questions regarding youraccount or your Portfolio, please contact the Trustee atits principal unit investment trust division offices or yourfinancial adviser. The Sponsor does not have access toindividual account information. The Bank of New YorkMellon is subject to supervision and examination by theSuperintendent of Banks of the State of New York andthe Board of Governors of the Federal Reserve System,and its deposits are insured by the Federal DepositInsurance Corporation to the extent permitted by law.

Additional information regarding the Trustee is set forthin the Information Supplement, including the Trustee’squalifications and duties, its ability to resign, the effectof a merger involving the Trustee and the Sponsor’sabi l i ty to remove and replace the Trustee. See“Additional Information”.

TAXATION – GLOBAL TECHNOLOGY LEADERSPORTFOLIO, AMERICAN INNOVATION LEADERSPORTFOLIO, AND NEW WORLD LEADERSPORTFOLIO

This section summarizes some of the principal U.S.federal income tax consequences of owning Units of thePortfolios. Tax laws and interpretations are subject tochange, possibly with retroactive effect. This summarydoes not describe all of the tax consequences to alltaxpayers. For example, this summary generally doesnot describe your situation if you are a corporation, anon-U.S. person, a broker/dealer, a tax-exempt entity,financial institution, person who marks to market theirUnits or other investor with special circumstances. Inaddition, this section does not describe your alternativeminimum, state, local or foreign tax consequences ofinvesting in a Portfolio.

This federal income tax summary is based in part onthe advice of counsel to the Sponsor. The InternalRevenue Service could disagree with any conclusionsset forth in this section. In addition, our counsel was notasked to review the federal income tax treatment of theassets to be deposited in your Portfolio.

Additional information related to taxes is contained inthe Information Supplement. As with any investment,you should seek advice based on your individualcircumstances from your own tax advisor.

Portfolio Status. Your Portfolio intends to elect andto qualify annually as a RIC under the federal tax laws. Ifyour Portfolio qualifies under the tax law as a RIC anddistributes its income in the manner and amountsrequired by the RIC tax requirements, the Portfoliogenerally will not pay federal income taxes. But there isno assurance that the distributions made by yourPortfolio will eliminate all taxes for every year at the levelof your Portfolio.

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Distributions. Portfolio distributions are generallytaxable. After the end of each year, you will receive a taxstatement reporting your Portfolio's distributions,including the amounts of ordinary income distributionsand capital gains dividends. Your Portfolio may maketaxable distributions to you even in periods during whichthe value of your Units has declined. Ordinary incomedistributions are generally taxed at your federal tax ratefor ordinary income, however, as further discussedbelow, certain ordinary income distributions receivedfrom your Portfolio may be taxed, under current federallaw, at capital gains tax rates. Certain ordinary incomedividends on Units that are attributable to qualifyingdividends received by your Portfolio from certaincorporations may be reported by the Portfolio as beingeligible for the dividends received deduction forcorporate Unitholders provided certain holding periodrequirements are met. Income from the Portfolio andgains on the sale of your Units may also be subject to a3.8% federal tax imposed on net investment income ifyour adjusted gross income exceeds certain thresholdamounts, which currently are $250,000 in the case ofmarried couples filing joint returns and $200,000 in thecase of single individuals. In addition, your Portfolio maymake distributions that represent a return of capital fortax purposes to the extent of the Unitholder's basis inthe Units, and any additional amounts in excess of basiswould be taxed as a capital gain. Generally, you willtreat all capital gains dividends as long-term capitalgains regardless of how long you have owned yourUnits. The tax status of your distributions from yourPortfolio is not affected by whether you reinvest yourdistributions in additional Units or receive them in cash.The income from your Portfolio that you must take intoaccount for federal income tax purposes is not reducedby amounts used to pay a deferred sales charge, if any.The tax laws may require you to treat certaindistributions made to you in January as if you hadreceived them on December 31 of the previous year.

A distribution paid by your Portfolio reduces thePortfolio's net asset value per Unit on the date paid bythe amount of the distribution. Accordingly, a distributionpaid shortly after a purchase of Units by a Unitholder

would represent, in substance, a partial return of capital,however, it would be subject to income taxes.

Sale or Redemption of Units. If you sell orredeem your Units, you will generally recognize ataxable gain or loss. To determine the amount of thisgain or loss, you must subtract your adjusted tax basisin your Units from the amount you receive for the sale ofthe Units. Your initial tax basis in your Units is generallyequal to the cost of your Units, generally including salescharges. In some cases, however, you may have toadjust your tax basis after you purchase your Units.

Capital Gains and Losses and CertainOrdinary Income Dividends. Net capital gain equalsnet long-term capital gain minus net short-term capitalloss for the taxable year. Capital gain or loss is long-term if the holding period for the asset is more than oneyear and is short-term if the holding period for the assetis one year or less. You must exclude the date youpurchase your Units to determine your holding period.However, if you receive a capital gain dividend from yourPortfolio and sell your Units at a loss after holding it forsix months or less, the loss will be recharacterized aslong-term capital loss to the extent of the capital gaindividend received. The tax rates for capital gainsrealized from assets held for one year or less aregenerally the same as for ordinary income.

In certain circumstances, ordinary income dividendsreceived by an individual Unitholder from a RIC such asyour Portfolio may be taxed at the same federal ratesthat apply to net capital gain (as discussed above),provided certain holding period requirements aresatisfied and provided the dividends are attributable toqualified dividend income received by the Portfolio itself.Qualified dividend income means dividends paid to aPortfolio (a) by domestic corporations, (b) by foreigncorporations that are either ( i ) incorporated in apossession of the United States or (ii) are eligible forbenefits under certain income tax treaties with theUnited States that include an exchange of informationprogram, or (c) with respect to stock of a foreigncorporation that is readily tradeable on an establishedsecurities market in the United States. Both the Portfolioand the Unitholder must meet certain holding periodrequirements to qualify Portfolio dividends for this

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treatment. Income derived from investments inderivatives, fixed-income securities, U.S. real estateinvestment trusts, passive foreign investmentcompanies, and income received “in lieu of” dividends ina securities lending transactions generally is not eligiblefor treatment as qualified dividend income. If thequalified dividend income received by a Portfolio isequal to 95% (or a greater percentage) of the Portfolio'sgross income (exclusive of net capital gain) in anytaxable year, all of the ordinary income dividends paidby the Portfolio will be qualified dividend income. YourPortfolio will provide notice to its Unitholders of theamount of any distribution which may be taken intoaccount as qualified dividend income which is eligiblefor capital gains tax rates. There is no requirement thattax consequences be taken into account inadministering your Portfolio.

In Kind Distributions. Under certain circumstances,as described in this prospectus, you may receive an inkind distribution of Portfolio securities when you redeemyour Units. In general, this distribution will be treated as asale for federal income tax purposes and you willrecognize gain or loss, based on the value at that time ofthe securities and the amount of cash received, andsubject to certain limitations on the deductibility of lossesunder the tax law.

Rollovers and Exchanges. If you elect to haveyour proceeds from your Portfolio rolled over into afuture trust, it would generally be considered a sale forfederal income tax purposes and any gain on the salewill be treated as a capital gain, and, in general, any losswill be treated as a capital loss. However, any lossrealized on a sale or exchange will be disallowed to theextent that Units disposed of are replaced (includingthrough reinvestment of dividends) within a period of 61days beginning 30 days before and ending 30 daysafter disposition of Units or to the extent that theUnitholder, during such period, acquires or enters intoan option or contract to acquire, substantially identicalstock or securities. In such a case, the basis of theUnits acquired will be adjusted to reflect the disallowedloss. The deductibility of capital losses is subject toother limitations in the tax law.

Deductibility of Portfolio Expenses. Expensesincurred and deducted by your Portfolio will generallynot be treated as taxable income to you. In certaincases if your Portfolio is not considered “publiclyoffered” under the Internal Revenue Code of 1986, asamended (the “Code”), each U.S. Unitholder that iseither an individual, trust or estate will be treated ashaving received a taxable distribution from the Portfolioin the amount of that U.S. Unitholder's allocable shareof certain of the Portfolio's expenses for the calendaryear, and these fees and expenses will be treated asmiscellaneous itemized deductions of those U.S.Unitholders. The deductibility of expenses that arecharacterized as miscellaneous itemized deductions,which include investment expenses, is suspended fortax years beginning prior to January 1, 2026.

Foreign Investors. If you are a foreign investor (i.e.,an investor other than a U.S. citizen or resident or aU.S. corporation, partnership, estate or trust), generally,subject to applicable tax treaties, distributions to youfrom your Portfolio will be characterized as dividends forfederal income tax purposes (other than dividends thatyour Portfolio reports as capital gain dividends) and willbe subject to U.S. income taxes, including withholdingtaxes, subject to certain exceptions described below.You may be eligible under certain income tax treaties fora reduction in withholding rates. However, distributionsreceived by a foreign investor from your Portfolio thatare properly reported by the trust as capital gaindividends, interest-related dividends paid by thePortfolio from its qualified net interest income from U.S.sources and short-term capital gain dividends, may notbe subject to U.S. federal income taxes, includingwithholding taxes, provided that your Portfolio makescertain elections and certain other conditions are met.

The Foreign Account Tax Compliance Act(“FATCA”). A 30% withholding tax on your Portfolio'sdistributions generally applies if paid to a foreign entityunless: (i) if the foreign entity is a “foreign financialinstitution” as defined under FATCA, the foreign entityundertakes certa in due di l igence, report ing,withholding, and certification obligations, (ii) if theforeign entity is not a “foreign financial institution,” itidentifies certain of its U.S. investors or (iii) the foreign

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entity is otherwise excepted under FATCA. If requiredunder the rules above and subject to the applicabilityof any intergovernmental agreements between theUnited States and the relevant foreign country,withholding under FATCA may apply. Under existingregulations, FATCA withholding on gross proceedsfrom the sale of Units and capital gain distributionsfrom your Portfolio took effect on January 1, 2019;however, recently proposed U.S. tax regulationsel iminate FATCA withholding on such types ofpayments. Taxpayers generally may rely on theseproposed Treasury Regulations until final TreasuryRegulations are issued. If withholding is required underFATCA on a payment related to your Units, investorsthat otherwise would not be subject to withholding (orthat otherwise would be entitled to a reduced rate ofwithholding) on such payment general ly wi l l berequired to seek a refund or credit from the IRS toobtain the benefit of such exemption or reduction.Your Portfolio will not pay any additional amounts inrespect of amounts withheld under FATCA. You shouldconsult your tax advisor regarding the effect of FATCAbased on your individual circumstances.

Foreign Tax Credit. If your Portfolio invests in anyforeign securities, the tax statement that you receivemay include an item showing foreign taxes yourPortfolio paid to other countries. In this case, dividendstaxed to you will include your share of the taxes yourPortfolio paid to other countries. If more than 50% ofthe value of the Portfolio's total assets at the end of afiscal year is invested in foreign securities, the Portfoliomay elect to “pass-through” to the Unitholders theamount of foreign income tax paid by the Portfolio inlieu of deducting such amount in determining itsinvestment company taxable income. In such a case,Unitholders will be required (i) to include in grossincome, even though not actually received, theirrespective pro rata shares of the foreign income taxpaid by the Portfolio that are attributable to anydistributions they receive; and (ii) either to deduct theirpro rata share of foreign tax in computing their taxableincome or to use it (subject to various limitations) as aforeign tax credit against federal income tax (but notboth). No deduction for foreign tax may be claimed by a

non-corporate Unitholder who does not itemizedeductions or who is subject to the alternative minimumtax. Unitholders may be unable to claim a credit for thefull amount of their proportionate shares of the foreignincome tax paid by the Portfol io due to certainlimitations that may apply. The Portfolio reserves theright not to pass-through to its Unitholders the amountof foreign income taxes paid by the Portfolio.

Backup Withholding. By law, your Portfolio mustwithhold as backup withholding a percentage (currently24%) of your taxable distributions and redemptionproceeds if you do not provide your correct socialsecurity or taxpayer identification number and certifythat you are not subject to backup withholding, or if theIRS instructs your Portfolio to do so.

Investors should consult their advisors concerningthe federal, state, local and foreign tax consequences ofinvesting in a Portfolio.

TAXATION – U.S. DEFENSE PORTFOLIO

This section summarizes some of the principal U.S.federal income tax consequences of owning Units of theU.S. Defense Portfolio which is structured as a grantortrust for federal tax purposes. Tax laws andinterpretations are subject to change, possibly withretroactive effect. This summary does not describe all ofthe tax consequences to all taxpayers. For example,this summary generally does not describe your situationif you are a corporation, a non-U.S. person, abroker/dealer, a tax-exempt entity, financial institution,person who marks to market their Units or otherinvestor with special circumstances. In addition, thissection does not describe the state, local or foreign taxconsequences of investing in the Portfolio.

This federal income tax summary is based in part onthe advice of counsel to the Sponsor. The InternalRevenue Service could disagree with any conclusionsset forth in this section. In addition, our counsel was notasked to review the tax treatment of the assets to bedeposited in your Portfolio.

As with any investment, you should seek advicebased on your individual circumstances from your owntax advisor.

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Assets of the Portfolio. Your Portfolio is expectedto hold shares of stock in corporations that are treatedas equity for federal income tax purposes. It is possiblethat your Portfolio will also hold other assets, includingassets that are treated differently for federal income taxpurposes from those described above, in which caseyou will have federal income tax consequences differentfrom or in addition to those described in this section.We refer to the assets held by your Portfol io as“Portfolio Assets”.

Portfolio Status. If your Portfolio is at all timesoperated in accordance with the documentsestablishing your Portfolio and certain requirements offederal income tax law are met, your Portfolio will not betaxed as a corporation for federal income tax purposes.As a Unit owner, you will be treated as the owner of apro rata portion of each of the Portfolio Assets, and assuch you will be considered to have received a pro ratashare of income (e.g., dividends and capital gains), ifany from each Portfolio Asset when such income wouldbe considered to be received by you if you directlyowned the Portfolio Assets. This tax treatment applieseven if you elect to have your distributions reinvestedinto additional Units. In addition, the income fromPortfolio Assets that you must take into account forfederal income tax purposes is not reduced by amountsused to pay sales charges or Portfolio expenses.

Your Tax Basis and Income or Loss UponDisposition. If you dispose of your Units or redeemyour Units for cash, you will generally recognize gain orloss. To determine the amount of this gain or loss, youmust subtract your adjusted tax basis in your Unitsdisposed of from your proceeds received in thetransaction. You also generally will recognize taxablegain or loss if your Portfolio disposes of Portfolio Assets.Your init ial tax basis in each Portfol io Asset isdetermined by apportioning the cost of your Units,including sales charges, among the Portfolio Assetsratably according to their values on the date you acquireyour Units. In certain circumstances, however, your taxbasis in certain Portfolio Assets must be adjusted afteryou acquire your Units.

Net capital gain equals net long-term capital gainminus net short-term capital loss for the taxable year.

Capital gain or loss is long-term if the holding period forthe asset is more than one year and is short-term if theholding period for the asset is one year or less. Youmust exclude the date you purchase your Units todetermine your holding period. The tax rates for capitalgains realized from assets held for one year or less aregeneral ly the same as for ordinary income. Thedeductibility of capital losses is subject to limitationsunder the Code, including generally a maximumdeduction against ordinary income of $3,000 per year.Income from the Portfolio and gains on the sale of yourUnits may also be subject to a 3.8% federal taximposed on net investment income if your adjustedgross income exceeds certain threshold amounts,which currently are $250,000 in the case of marriedcouples filing joint returns and $200,000 in the case ofsingle individuals.

Dividends from Stocks. Certain dividends receivedby non-corporate Unitholders with respect to the stocksin the Portfolio may qualify to be taxed at the samefederal rates that apply to net capital gain, providedcertain holding period requirements are satisfied. Theseare generally referred to as qualified dividends.

Dividends Received Deduction. Generally, adomestic corporation owning Units in the Portfolio maybe eligible for the dividends received deduction withrespect to such Unitholder's pro rata portion of certaintypes of dividends received by the Portfolio. However, acorporation generally will not be entitled to the dividendsreceived deduction with respect to dividends from mostforeign corporations.

Cash Distributions, Rollovers and Exchanges.If you receive cash when you redeem your Units or atyour Portfolio's termination or if you elect to direct thatthe cash proceeds you are deemed to receive when youredeem your Units or at your Portfolio's termination berolled into a future trust, it is considered a sale forfederal income tax purposes, and any gain on the salewill be treated as a capital gain, and, in general, any losswill be treated as a capital loss. However, any loss youincur in connection with the receipt or deemed receiptof cash, or in connection with the exchange of yourUnits of the Portfolio for units of another trust (deemedsale and subsequent deemed repurchase), will generally

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be disallowed to the extent you acquire units of asubsequent trust and such subsequent trust hassubstantially identical assets under the wash saleprovisions of the Code. The deductibility of capitallosses is subject to other limitations in the tax law.

In Kind Distributions. Under certain circumstancesas described in this Prospectus, you may request an inkind distribution of Portfolio Assets when you redeemyour Units. By electing to receive an in kind distribution,you will receive Portfolio Assets plus, possibly, cash. Yougenerally will not recognize gain or loss if you onlyreceive whole Portfolio Assets in exchange for theidentical amount of your pro rata portion of the samePortfolio Assets held by your Portfolio. However, if youalso receive cash in exchange for a Portfolio Asset or afractional portion of a Portfolio Asset, you will generallyrecognize gain or loss based on the difference betweenthe amount of cash you receive and your proportionaltax basis in such Portfolio Asset or fractional portion.

Limitations on the Deductibility of PortfolioExpenses. Generally, for federal income tax purposes,you must take into account your full pro rata share ofyour Portfolio's income, even if some of that income isused to pay Portfolio expenses. The deductibility ofexpenses that are characterized as miscellaneousitemized deductions, which include investmentexpenses, is suspended for tax years beginning prior toJanuary 1, 2026.

Foreign Investors. If you are a foreign investor (i.e.,an investor other than a U.S. citizen or resident or aU.S. corporation, partnership, estate or trust),distributions of dividends and interest from yourPortfolio generally are subject to U.S. federal incometaxes, including withholding taxes, unless certainconditions for exemption from U.S. taxation are met.Gains from the sale or redemption of your Units may notbe subject to U.S. federal income taxes if you are nototherwise subject to net income taxation in the UnitedStates. In the case of Units held by nonresident alienindividuals, foreign corporations or other non-U.S.persons, distributions by your Portfolio that are treatedas U.S. source income (e.g., dividends received onstocks of domestic corporations) will generally besubject to U.S. income taxation and withholding,

subject to any applicable treaty. You should consult yourtax advisor with respect to the conditions you mustmeet in order to be exempt from U.S. taxation. Youshould also consult your tax advisor with respect toother U.S. tax withholding and reporting requirements.

FATCA. A 30% withholding tax on your Portfolio'sdistributions generally applies if paid to a foreign entityunless: (i) if the foreign entity is a “foreign financialinstitution” as defined under FATCA, the foreign entityundertakes certain due di l igence, report ing,withholding, and certification obligations, (ii) if theforeign entity is not a “foreign financial institution,” itidentifies certain of its U.S. investors or (iii) the foreignentity is otherwise excepted under FATCA. If requiredunder the rules above and subject to the applicability ofany intergovernmental agreements between the UnitedStates and the relevant foreign country, withholdingunder FATCA may apply. Under existing regulations,FATCA withholding on gross proceeds from the sale ofUnits and capital gain distributions from your Portfoliotook effect on January 1, 2019; however, recentlyproposed U.S. tax regulat ions el iminate FATCAwithholding on such types of payments. Taxpayersgeneral ly may rely on these proposed TreasuryRegulations until final Treasury Regulations are issued.If withholding is required under FATCA on a paymentrelated to your Units, investors that otherwise wouldnot be subject to withholding (or that otherwise wouldbe entitled to a reduced rate of withholding) on suchpayment generally will be required to seek a refund orcredit from the IRS to obtain the benefit of suchexemption or reduction. We will not pay any additionalamounts in respect of amounts withheld under FATCA.You should consult your tax advisor regarding the effectof FATCA based on your individual circumstances.

Foreign Taxes. Some distributions or incomeearned by your Portfolio may be subject to foreignwithholding taxes. Any income withheld will still betreated as income to you. Under the grantor trust rules,you are considered to have paid directly your share ofany foreign taxes that are paid. Therefore, for U.S. taxpurposes, you may be entitled to a foreign tax credit ordeduction for those foreign taxes.

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Backup Withholding. By law, your Portfolio mustwithhold as backup withholding a percentage (formerly24%) of your taxable distributions and redemptionproceeds if you do not provide your correct socialsecurity or taxpayer identification number and certify thatyou are not subject to backup withholding, or if theInternal Revenue Service instructs your Portfolio to do so.

New York Tax Status. Under the existing incometax laws of the State and City of New York, yourPortfolio will not be taxed as a corporation subject tothe New York State franchise tax and the New York Citybusiness corporation tax. You should consult your taxadvisor regarding potential federal, foreign, state or localtaxation with respect to your Units based on yourindividual circumstances.

PORTFOLIO OPERATING EXPENSES

General. The fees and expenses of your Portfoliowill generally accrue on a daily basis. Portfolio operatingfees and expenses are generally paid out of the IncomeAccount to the extent funds are available, and then fromthe Capital Account. The deferred sales charge,creation and development fee and organization costsare generally paid out of the Capital Account of yourPortfolio. It is expected that Securities will be sold topay these amounts which will result in capital gains orlosses to Unitholders. See “Taxation”. These sales willreduce future income distributions. The Sponsor’s,Supervisor’s and Trustee’s fees may be increasedwithout approval of the Unitholders by amounts notexceeding proportionate increases under the category“Services Less Rent of Shelter” in the Consumer PriceIndex for All Urban Consumers or, if this category is notpublished, in a comparable category.

Organization Costs. You and the otherUnitholders will bear all or a portion of the organizationcosts and charges incurred in connection with theestablishment of your Portfolio. These costs andcharges will include the cost of the preparation, printingand execution of the trust agreement, registrationstatement and other documents relating to yourPortfolio, federal and state registration fees and costs,the initial fees and expenses of the Trustee, and legaland auditing expenses. The Public Offering Price of

Units includes the estimated amount of these costs.The Trustee will deduct these expenses from yourPortfolio’s assets at the end of the initial offering period.

Creation and Development Fee. The Sponsorwill receive a fee from your Portfolio for creating anddeveloping the Portfolio, including determining thePortfolio’s objectives, policies, composition and size,selecting service providers and information servicesand for providing other similar administrative andministerial functions. The creation and development feeis a charge of $0.05 per Unit. The Trustee will deductthis amount from your Portfolio’s assets as of the closeof the initial offering period. No portion of this fee isapplied to the payment of distribution expenses or ascompensation for sales efforts. This fee will not bededucted from proceeds received upon a repurchase,redemption or exchange of Units before the close ofthe initial public offering period.

Trustee’s Fee. For its services the Trustee willreceive the fee from your Portfolio set forth in the “FeeTable” (which includes the estimated amount ofmiscellaneous Portfolio expenses). The Trustee benefitsto the extent there are funds in the Capital and IncomeAccounts since these Accounts are non-interest bearingto Unitholders and the amounts earned by the Trusteeare retained by the Trustee. Part of the Trustee’scompensation for its services to your Portfolio isexpected to result from the use of these funds.

Compensation of Sponsor and Supervisor.The Sponsor and the Supervisor, which is an affiliateof the Sponsor, wi l l receive the annual fees forproviding bookkeeping and administrative servicesand portfolio supervisory services set forth in the “FeeTable”. These fees may exceed the actual costs ofproviding these services to your Portfolio but at notime will the total amount received for these servicesrendered to all Invesco unit investment trusts in anycalendar year exceed the aggregate cost of providingthese services in that year.

Miscellaneous Expenses. The following additionalcharges are or may be incurred by your Portfolio:(a) normal expenses (including the cost of mailingreports to Unitholders) incurred in connection with the

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operation of the Portfolio, (b) fees of the Trustee forextraordinary services, (c) expenses of the Trustee(including legal and auditing expenses) and of counseldesignated by the Sponsor, (d) various governmentalcharges, (e) expenses and costs of any action taken bythe Trustee to protect the Portfolio and the rights andinterests of Unitholders, (f) indemnification of the Trusteefor any loss, l iabil ity or expenses incurred in theadministration of the Portfolio without negligence, badfaith or wilful misconduct on its part, (g) foreign custodialand transaction fees (which may include compensationpaid to the Trustee or its subsidiaries or affiliates),(h) costs associated with liquidating the securities heldin the Portfolio, (i) any offering costs incurred after theend of the initial offering period and (j) expendituresincurred in contacting Unitholders upon termination ofthe Portfolio. Each Portfolio may pay the expenses ofupdating its registration statement each year.

OTHER MATTERS

Legal Opinions. The legality of the Units offeredhereby has been passed upon by Morgan, Lewis &Bockius LLP. Dorsey & Whitney LLP has acted ascounsel to the Trustee.

Independent Registered Public AccountingFirm. The statements of condition and the relatedportfolios included in this prospectus have beenaudited by Grant Thornton LLP, independentregistered public accounting firm, as set forth in theirreport in this prospectus, and are included herein inreliance upon the authority of said firm as experts inaccounting and auditing.

ADDITIONAL INFORMATION

This prospectus does not contain all the informationset forth in the registration statements filed by yourPortfolio with the SEC under the Securities Act of 1933and the Investment Company Act of 1940 (file no.811-02754). The Information Supplement, which hasbeen filed with the SEC and is incorporated herein byreference, includes more detai led informationconcerning the Securities, investment risks and generalinformation about the Portfolios. Reports and other

information about your Portfolio are available on theEDGAR Database on the SEC’s Internet site athttp://www.sec.gov. Copies of this information may beobtained, after paying a duplication fee, by electronicrequest at the fol lowing e-mail address:[email protected] or by writing the SEC’s PublicReference Section, Washington, DC 20549-0102.

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TABLE OF CONTENTS

Title Page

Global Technology Leaders Portfolio .................. 2American Innovation Leaders Portfolio ............... 6New World Leaders Portfolio ............................. 9U.S. Defense Portfolio........................................ 12Notes to Portfolios ............................................. 16Report of Independent Registered

Public Accounting Firm .................................. 17Statements of Condition ................................... 18The Portfolios .................................................... A-1Objectives and Securities Selection ................... A-2Risk Factors ...................................................... A-2Public Offering ................................................... A-8Retirement Accounts ......................................... A-12Fee Accounts .................................................... A-13Rights of Unitholders ......................................... A-13Portfolio Administration...................................... A-17Taxation – Global Technology Leaders Portfolio,

American Innovation Leaders Portfolio, and New World Leaders Portfolio.......................... A-19

Taxation – U.S. Defense Portfolio ...................... A-22Portfolio Operating Expenses............................. A-25Other Matters .................................................... A-26Additional Information ........................................ A-26

______________When Units of the Portfolios are no longer available thisprospectus may be used as a preliminary prospectus for afuture Portfolio. If this prospectus is used for future Portfoliosyou should note the following:

The information in this prospectus is not complete with respectto future Portfolio series and may be changed. No person maysell Units of future Portfolios until a registration statement isfiled with the Securities and Exchange Commission and iseffective. This prospectus is not an offer to sell Units and is notsoliciting an offer to buy Units in any state where the offer orsale is not permitted.

U-EMSPRO2060

PROSPECTUS

June 15, 2020





Please retain this prospectus for future reference.

INVESCO

Documents

Global Technology Leaders Portfolio 2020-3 American Innovation Leaders Portfolio … · Global Technology Leaders Portfolio 2020-3 American Innovation Leaders Portfolio 2020-2 New