Invesco USD Ultra-Short Term Debt FundA-Acc Shares31 January 2021

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*Source: © 2021 Morningstar. The track record of the share class is shown from 06 December 2018 onwards as the name of the fund and the objective changedon that date. Gross income re-invested to 31 January 2021 unless otherwise stated. The figures do not reflect the entry charge payable by individual investors. Allperformance data on this factsheet is in the currency of the share class. Please refer to Page 3 for Risk Warnings and Important Information. There is currently adiscretionary cap on the ongoing charge of 0.39% in place. This discretionary cap may positively impact the performance of the Share Class.

Summary of fund objectiveThe Fund seeks to achieve a positive grossreturn through a conservative allocation(low duration and high credit quality) todebt securities and cash as fully describedin the prospectus. Due to the prevailinginterest rate environment or other factors,it is possible that this may not be achieved.For the full objectives and investmentpolicy please consult the currentprospectus.

Key facts

Laurie BrignacAtlantaManaged fund sinceDecember 2018

Joseph MadridAtlantaManaged fund sinceDecember 2018

Marques MercierAtlantaManaged fund sinceDecember 2018

Share class launch02 January 1991Original fund launch 1

02 January 1991Legal statusLuxembourg SICAV with UCITS statusShare class currencyUSDShare class typeAccumulationFund sizeUSD 82.06 mn Bloomberg codeINVPDRI LXISIN codeLU0028121183Settlement dateTrade Date + 3 Days

Fund StrategyAs an ultrashort duration strategy, the Fund’s managers seek to fill the fixed incomerisk/return void between money market funds and short-term bond funds. They seek toachieve a yield and total return in excess of traditional money market funds while targeting alower risk profile than diversified short-term bond funds. The Fund is conservativelymanaged, investing primarily in high quality, low duration debt instruments, with at least70% of the Fund invested in US dollar denominated securities. The Fund is not a moneymarket fund, does not utilize leverage, and non-USD exposure is hedged back to USD. TheFund’s duration will not exceed 18 months. The Fund is managed by members of Invesco’swell-established Global Liquidity team, with experience managing cash and liquidity assets forclients across the globe.

Indexed performance 6 December 2018 - 31 January 2021*Fund

11/18 07/19 01/20 07/20 01/2190

100

110

Data points are as at month end.

Cumulative performance*in % YTD 1 month 1 year 3 years Since inception

Fund 0.02 0.02 1.28 - 4.42

Calendar year performance*in % 2016 2017 2018 2019 2020

Fund - - - 2.71 1.49

Standardised rolling 12 month performance*31.01.16 31.01.17 31.01.18 31.01.19 31.01.20

in % 31.01.17 31.01.18 31.01.19 31.01.20 31.01.21

Fund - - - 2.63 1.28Past performance is not a guide to future returns.

Invesco USD Ultra-Short Term Debt FundA-Acc Shares31 January 2021

-2/3-Source: *Invesco. Portfolio weightings and allocations are subject to change. The weightings for each breakdown are rounded to the nearest tenth orhundredth of a percent; therefore, the aggregate weights for each breakdown may not equal 100%.

Top 10 holdings* (total holdings: 104)

Holding %

Citigroup 2.750 Apr 25 22 1.9

Mitsubishi UFJ Financial Group FRN Jul 25 22 1.8

Royal Bank of Canada FRN Apr 29 22 1.8

Toronto Dominion Bank 2.750 Jul 22 22 1.8

Shell International Finance Feb 02 21 1.8

Anheuser-Busch InBev Finance FRN Feb 01 21 1.8

Morgan Stanley FRN Apr 21 21 1.6

Regions Bank/Birmingham AL 2.750 Apr 01 21 1.5

Credit Suisse AG (New York) 3.000 Oct 29 21 1.5

Goldman Sachs Apr 23 21 1.5

Credit ratings of the fund in %*

g A-1+ or A-1g A-2 or A-3g AAAg AAg Ag BBB

Geographical weightings of the fund in %*

g United Statesg Canadag United Kingdomg Japang Netherlandsg Others

NAV and fees

Current NAV USD 93.15 12 month price highUSD 93.15 (27/01/2021)12 month price low USD 89.33 (25/03/2020)Minimum investment 2

USD 1,500Entry charge0.00%Annual management fee 0.25%Ongoing charges 3

0.39%

Credit ratings*

(average rating: A-)in %

A-1+ or A-1 9.0

A-2 or A-3 25.5

AAA 0.3

AA 16.1

A 39.0

BBB 10.1

Sector weightings*in %

Utilities 52.1

Industrials 40.6

Financials 5.1

Others 2.6

Cash & Cash Equivalents -0.4

Maturity distribution*in %

1-7 days 10.3

8-30 days 6.0

31-90 days 24.9

91-360 days 18.0

1-2 years 25.1

2-3 years 15.8

Duration distribution*

(average duration: 0.7)in %

<0.25 years 62.4

0.25-0.50 years 0.0

0.50-0.75 years 3.3

0.75-1.00 years 7.1

1.00-1.50 years 5.7

1.50-2.00 years 8.3

2.00-2.50 years 6.3

>2.50 years 6.9

Geographical weightings*in %

United States 64.0

Canada 9.1

United Kingdom 5.7

Japan 5.4

Netherlands 2.5

Others 13.7

Cash & Cash Equivalents -0.4

Currency exposure*in %

USD 100.0

Yield %*

Gross Current Yield 1.04

Gross Distribution Yield 0.84

Invesco USD Ultra-Short Term Debt FundA-Acc Shares31 January 2021

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Fund Reg Loc = [Locale]DeskNet Job ID = Not in Data to Tag

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Risk Warnings

The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may notget back the full amount invested. Debt instruments are exposed to credit risk which is the ability of the borrower to repay the interest andcapital on the redemption date. Changes in interest rates will result in fluctuations in the value of the fund. The fund uses derivatives(complex instruments) for investment purposes, which may result in the fund being significantly leveraged and may result in largefluctuations in the value of the fund. The fund may hold a large amount of Asset Backed Securities (ABS) (complex instruments) as well asother lower quality debt securities which may impact the liquidity of the fund under certain circumstances. As this fund is invested in aparticular sector, you should be prepared to accept greater fluctuations in the value of the fund than for a fund with a broader investmentmandate.

Important Information

1The Original Fund Launch date relates to the previous fund named: Invesco USD Reserve Fund, which was renamed to InvescoUSD Ultra-Short Term Debt Fund on 8 December 2018 and the track record restarted on that date.2The minimum investment amounts are: USD 1,500 / EUR 1,000 / GBP 1,000 / CHF 1,500 / SEK 10,000. Please contact us orrefer to the most up to date Prospectus for details of minimum investment amounts in other currencies.3The ongoing charges figure is based on annualised expenses for the period ending August 2020. This figure may vary from yearto year. It excludes portfolio transaction costs except in the case of an entry or exit charge paid by the Fund when buying orselling shares/units in another fund.

Previous Benchmark: LIBOR 3 Month USD up to 31 December 2020. Where individuals or the business have expressed opinions, they arebased on current market conditions, they may differ from those of other investment professionals and are subject to change withoutnotice. This marketing document is not an invitation to subscribe for shares in the fund and is by way of information only, it should not beconsidered financial advice. This does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer is notauthorised or to any person to whom it is unlawful to make such an offer or solicitation. Persons interested in acquiring the fund shouldinform themselves as to (i) the legal requirements in the countries of their nationality, residence, ordinary residence or domicile; (ii) anyforeign exchange controls and (iii) any relevant tax consequences. As with all investments, there are associated risks. This document is byway of information only. Asset management services are provided by Invesco in accordance with appropriate local legislation andregulations. The fund is available only in jurisdictions where its promotion and sale is permitted. Not all share classes of this fund may beavailable for public sale in all jurisdictions and not all share classes are the same nor do they necessarily suit every investor. Fee structureand minimum investment levels may vary dependent on share class chosen. Please check the most recent version of the fund prospectusin relation to the criteria for the individual share classes and contact your local Invesco office for full details of the fund registration statusin your jurisdiction. This document is marketing material and is not intended as a recommendation to invest in any particular asset class,security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are thereforenot applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should notbe relied upon as recommendations to buy or sell securities. Please refer to the most up to date relevant fund and share class-specific KeyInvestor Information Document, the latest Prospectus and Annual or Interim Short Reports for more information on our funds. UK basedinvestors should also refer to the relevant Supplementary Information Document. This information is available using the contact detailsshown. The yields shown are expressed as a % per annum of the current NAV of the fund. They are an estimate for the next 12 months,assuming that the fund’s portfolio remains unchanged and there are no defaults or deferrals of coupon payments or capital repayments.Cash income is estimated coupons from bonds. The yields are not guaranteed. Nor do they reflect the fund charges or the entry charge ofthe fund. Investors may be subject to tax on distributions. The gross current yield is an indication of the expected cash income over thenext 12 months. The estimated gross distribution yield is calculated by annualising the most recent cash income distributed by the fundand dividing the result by the current NAV. The yields’ calculation is on a fund level and not attributable to a particular share class. Issuedin the UK by Invesco Management S.A., President Building, 37A Avenue JF Kennedy, L-1855 Luxembourg, regulated by the Commissionde Surveillance du Secteur Financier, Luxembourg. For the purposes of UK law, the fund is a recognised scheme under section 264 of theFinancial Services & Markets Act 2000. The protections provided by the UK regulatory system, for the protection of Retail Clients, do notapply to offshore investments. Compensation under the UK’s Financial Services Compensation Scheme will not be available and UKcancellation rights do not apply. Issued in Dubai for Professional Clients only by Invesco Asset Management Limited, PO Box 506599,DIFC Precinct Building No 4, Level 3, Office 305, Dubai, United Arab Emirates. Regulated by the Dubai Financial Services Authority.

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