Invesco USD AAA CLO UCITS ETF Dist

Investment objective: The investment objective of the Fund is to seek to provide consistent income and capital preservation over the long term. Investment approach: The Fund is an actively managed ETF. To achieve the investment objective, the Fund will primarily invest in AAA-rated (or equivalently rated by a nationally recognised statistical rating organisation) tranches of US Dollar denominated floating rate debt securities issued by collateralised loan obligations ('CLOs'). A CLO is a structure that issues fixedor floating-rate debt securities that are collateralised by a pool of loans and bonds, which primarily includes senior secured loans, broadly syndicated loans, floating rate notes, high yield bonds and subordinated corporate loans. Each CLO consists of rated debt tranches that pay interest, as well as a portion of equity. The CLO makes payments to the various tranches based on seniority. Each tranche has a different risk/return profile based on its priority claim on the cash flows. The more senior and higher rated the tranche, the higher its priority claim on cash flows. At least 80% of the CLO Debt Securities in which the Fund will invest will be AAA-rated (as rated by at least one rating agency) CLO Debt Securities. Up to 20% of the CLO Debt Securities in which the Fund will invest may be below AAA-rated subject to such CLO Debt Securities being rated investment grade and predominantly comprising AA-rated CLO Debt Securities. If a security is downgraded, the Investment Manager will take such action as required as soon as reasonably practicable, taking due account of the interests of its Shareholders. The Fund may also invest in 'middle-market CLOs', which are CLO Debt Securities whose underlying loan collateral are substantially comprised of middle-market loans (i.e. loans with offering sizes generally below USD$250million). The Fund may invest up to 20% of its net assets in CLO Debt Securities that are denominated in currencies other than US dollar. The

Actively managed

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No