Invesco Fixed Income Invesco Active Multi-Sector Credit Fund

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1 Invesco Fixed Income Invesco Active Multi-Sector Credit Fund This marketing document is exclusively for use by Qualified Investors in Switzerland, Professional Clients and Financial Advisers in other Continental European countries and Professional Clients in Dubai and the UK. This document is not for consumer use, please do not redistribute.

2 Invesco Active Multi-Sector Credit Fund Structure Luxembourg domiciled SICAV with UCITS status. Reference performance index Synthetic index comprising: 42% Barclays Global Credit USD Hedged 29% S&P Leveraged Loan Index 15% Barclays EM Hard Currency Index USD Hedged 14% Barclays Global High Yield Share classes Please speak with your sales representative Settlement date Trade date + 3 days With effect from 18 September 2014, the Invesco Absolute Return Bond Fund was re-named the Invesco Active Multi-Sector Credit Fund: the investment objective, fund managers and investment adviser also changed on the same date. Fund objective The fund aims to provide a total return over a full market cycle. The fund seeks to achieve its objective through an active strategic and tactical asset allocation process to credit-related debt securities globally. Within the strategic and tactical allocation process, the fund will gain exposure to actively selected debt securities based on fundamental credit research. Investment scope The strategic asset allocation (a base allocation derived from historic credit cycle analysis) process applies a risk balanced approach to each of the credit sectors with the tactical overlay allowing the fund managers to shift these allocations to take advantage of the current market environment to capture short-term relative value opportunities among the credit sectors. Credit-related debt securities are intended to include Investment Grade Corporate, Emerging Market, Bank Loans 1 and High Yield, however, depending on the market environment the fund can allocate opportunistically to any other sector not mentioned above which we believe is classified as a credit market sector. Credit sectors Full cycle allocation Allocation bands Investment Grade Corporate 42% 30% 60% Emerging Market 15% 0% 30% Bank Loans 1 29% 15% 40% High Yield 14% 0% 30% Opportunistic Credit 10% 0% 10% Cash & Cash Equivalents 15% 15% 40% 70% 30% 60% Credit investing has the potential to mitigate the negative impact of a rising interest rate environment Key fund attributes Real time portfolio risk management across the entire portfolio Benchmark agnostic and unconstrained in nature Invesco Active Multi-Sector Credit Fund Investment Grade Corporate Emerging Market For illustrative purposes only. Bank Loans 1 Currency overlay High Yield Opportunistic Credit 2 Daily fund trading 1 Please note: Bank Loans cannot be invested in directly by the fund. Exposure to eligible loans will generally be taken via investment in Collateralised Loan Obligations (CLOs), collective investment schemes, Floating Rate Notes (FRNs) as well as swaps and other derivatives on UCITS eligible loan indices. 2 Municipal, Collateralised Mortgage Backed Securities and other credit assets as chosen at the discretion of the fund managers. 02 Invesco Fixed Income - Invesco Active Multi-Sector Credit Fund

3 Why consider investing in a multi-sector credit fund? In the current low yield environment we believe a dynamic approach to investing in corporate bonds is required to generate positive total returns over the credit cycle The case for a dynamically managed multi-sector credit fund Need for dynamic management Increasingly fast changing markets result in return fluctuations between fixed income asset classes which requires dynamic management of intracycle relative value positioning. A multi-layered approach to managing credit provides the opportunity for enhanced risk-adjusted returns not available in a single sector or static allocation portfolio. Increased importance of credit selectivity Fixed income returns are expected to shift to coupon income and away from price driven appreciation due to the unsustainable environment of low interest rates. Performance is expected to be driven by security selection and a continuous assessment of relative value. Central bank policy and financial repression currently leave little value in core government and investment grade corporate bond markets. Volatility of asset class returns requires management over a full cycle Relative rank 1 Relative rank 2 Relative rank 3 Relative rank 4 Annual total returns (%) July Yield to Maturity (%) Despite US Federal Reserve tapering, we see no change in conventional monetary policy and expect interest rates to stay low but with increased volatility. Within this current interest rate environment, we believe credit has the potential to outperform other fixed interest asset classes Investment Grade Corporate High Yield Emerging Market Bank Loans 10 yr US Treasuries July Total return (%) Yield (%) Past performance is not a guide to future returns. Source: Barclays, S&P LSTA, Credit Suisse, Bloomberg as of 31 July Returns show annual gross performance. Relative rank shows performance from best to worst, 1 being the best within each period. Refer to page 6 for indices used. Past performance is not indicative of future results. An investment cannot be made in an index. 3 Annualised 03 Invesco Fixed Income - Invesco Active Multi-Sector Credit Fund

4 Why consider the Invesco Active Multi-Sector Credit Fund? A dynamic balance of bottom-up and top-down investment considerations that seeks to capture potential excess returns... Coverage of credit markets globally with expertise in the respective countries, industries, issuers and securities. Tactical asset allocation employed seeking to maximise returns arising from varying asset class returns through the credit cycle. Opportunistic bucket to tactically take advantage of relative value opportunities as we see fit. Holistic view to portfolio risk ensuring there are no unintended concentrations in risk positioning across the sum of the individual asset classes. Derivatives can be used for investment purposes resulting in the efficient implementation of credit positioning....through security selection and tactical positioning among the targeted credit sectors in any geographic region or market environment. Value Proposition Asset Allocation Risk Top-Down Security Selection Sub-Sector selection Bottom-Up Beta Alpha Economic Cycle For illustrative purposes only. 04 Invesco Fixed Income - Invesco Active Multi-Sector Credit Fund

5 Why consider investing with Invesco Fixed Income? Lead Fund Managers We are a pure play, fixed income platform that is not conflicted by the management of proprietary capital. Our sole objective is to seek favourable investment results for our clients in any market or in any channel. Invesco Fixed Income have been actively investing in fixed income markets for more than 30 years and currently manage approximately US$240bn of assets on behalf of institutional and private investors globally. Source: Invesco Asset Management Limited as at 30 June Joseph Portera Head of Global High Income Carolyn Gibbs Senior Strategist Our dedicated team includes 160 fixed income professionals in nine locations across the globe. We believe in, and deploy, specialist decision makers across all segments of the market and foster interconnected views across all markets to link our specialists. Erik Jensen Senior Portfolio Manager This depth of resources and global reach, combined with a consistent investment philosophy and approach, enables the investment team to provide specialist expertise across multiple fixed income sectors and asset classes. We have an inclusive culture that encourages professional challenge and engagement. 05 Invesco Fixed Income - Invesco Active Multi-Sector Credit Fund

6 Important information This document is exclusively for use by Qualified Investors in Switzerland, and for Professional Clients and Financial Advisers in other Continental European countries and for Professional Clients in Dubai and the UK. This document is not for consumer use, please do not redistribute. The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested. Performance of respective indices (as per volatility table on page 3): Investment Grade Barclays Global Aggregate Credit USD Hedged, Bank Loans S&P Leveraged Loan Index, Emerging Markets Barclays EM Hard Currency USD Hedged, and High Yield Barclays Global High Yield USD Hedged. Where Invesco has expressed views and opinions, these may change. As a large portion of the fund is invested in less developed countries, you should be prepared to accept significantly large fluctuations of the value of the fund. Changes in interest rates will result in fluctuations in the value of the fund. Debt instruments are exposed to credit risk which is the ability of the borrower to repay the interest and capital on the redemption date. The fund will invest in derivatives (complex instruments) which may be leveraged resulting in greater fluctuations in the value of the fund. The overall exposure of the fund measured using the commitment approach will not exceed 200% of the net asset value of the fund. The fund may hold a significant amount of debt instruments which are of lower credit quality and may result in large fluctuations of the value of the fund. Whilst great care has been taken to ensure that the information contained herein is accurate, no responsibility can be accepted for any errors, mistakes or omissions or for any action taken in reliance thereon. The distribution and the offering of the fund in certain jurisdictions may be restricted by law. Persons into whose possession this document may come are required to inform themselves about and to comply with any relevant restrictions. This does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer is not authorised or to any person to whom it is unlawful to make such an offer or solicitation. Persons interested in acquiring the fund should inform themselves as to (i) the legal requirements in the countries of their nationality, residence, ordinary residence or domicile; (ii) any foreign exchange controls and (iii) any relevant tax consequences. For the purposes of UK law, the fund is a recognised scheme under section 264 of the Financial Services & Markets Act The protections provided by the UK regulatory system, for the protection of Retail Clients, do not apply to offshore investments. As with all investments, there are associated risks. This document is by way of information only. Asset management services are provided by Invesco in accordance with appropriate local legislation and regulations. This document is not an invitation to subscribe for shares in a fund nor is it to be construed as an offer to buy or sell any financial instruments. It is not investment advice and has been prepared only for those persons to whom Invesco has provided it. It should not be relied upon by anyone else and you may only reproduce, circulate and use this presentation (or any part of it) with the consent of Invesco. Please refer to the most up to date relevant fund and share class-specific Key Investor Information Document, the latest Prospectus, and constituent documents. This information is available using the contact details of the issuer and is without charge. Further information on the fund is available using the contact details shown. Neither Invesco Asset Management nor any affiliate of Invesco Ltd. guarantee the return of capital, distribution of income or the performance of any fund or strategy. The fund is available only in jurisdictions where its promotion and sale is permitted. Not all share classes of this fund may be available for public sale in all jurisdictions and not all share classes are the same nor do they necessarily suit every investor. Fee structure and minimum investment levels may vary dependent on share class chosen. Denmark: The fund is not registered for public distribution in this jurisdiction. This document is provided only at the request of a Professional Client or qualified investor and is intended for the sole use of this person. Portugal: The fund s shares are not all currently registered for sale. As a consequence, the unregistered shares may not be offered or distributed by way of public advertisement or public offer in this jurisdiction(s). The unregistered shares may only be offered and the legal offering documents (KIID, prospectus, annual reports) and marketing materials of the fund may only be distributed in this jurisdiction without public solicitation and in compliance with the private placement rules set forth in the laws, rules and regulations of the jurisdiction concerned. Germany, Austria and Switzerland: This document is issued in Germany by Invesco Asset Management Deutschland GmbH regulated by Bundesanstalt für Finanzdienstleistungsaufsicht. This document is issued in Austria by Invesco Asset Management Österreich GmbH and in Switzerland by Invesco Asset Management (Schweiz) AG. Subscriptions of shares are only accepted on the basis of the most up to date legal offering documents. The legal offering documents (fund & share class specific Key Investor Information Document, prospectus, annual & semi-annual reports, articles and trustee deed) are available free of charge at our website and in hardcopy and local language from the issuers: Invesco Asset Management Deutschland GmbH, An der Welle 5, D Frankfurt am Main, Invesco Asset Management Österreich GmbH, Rotenturmstrasse 16-18, A-1010 Wien, and Invesco Asset Management (Schweiz) AG, Stockerstrasse 14, CH-8002 Zürich, who acts as a representative for the fund distributed in Switzerland. Paying agent for the fund distributed in Switzerland: BNP PARIBAS SECURITIES SERVICES, Paris, succursale de Zurich, Selnaustrasse 16, CH-8002 Zürich. Dubai: Issued in Dubai by Invesco Asset Management Limited. PO Box , DIFC Precinct Building No 4, Level 3, Office 305, Dubai, United Arab Emirates. Regulated by the Dubai Financial Services Authority UK: Issued in the UK by Invesco Global Investment Funds Limited. Perpetual Park, Perpetual Park Drive, Henley-on-Thames, Oxfordshire RG9 1HH, UK. Authorised and regulated by the Financial Conduct Authority. 583/56723/PDF/220914

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