Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (Dist)

The Fund is a passively managed Exchange-Traded Fund (ETF), which aims to achieve the total performance of the Morningstar MLP Composite Index (the “Index”)1, less fees, expenses and transaction costs. The Index is a leading index which provides a representation of energy master limited partnerships trading in the United States. To achieve the objective the Fund will use unfunded swaps (“Swaps ”). These Swaps are an agreement between the Fund and an approved counterparty to exchange one stream of cash flows against another stream but do not require the Fund to provide collateral, on the basis that the Fund has already invested in a basket of equities and equity related securities (namely shares). Please note that the Fund will purchase securities that are not contained in the Index. The performance of the Index is swapped from the counterparty to the Fund in exchange for the performance of equities and equity related securities held by the Fund. The Fund's shares are listed on one or more Stock Exchange(s). Investors can buy or sell shares daily through an intermediary directly or on Stock Exchange(s) on which the shares are traded. In exceptional circumstances investors will be permitted to redeem their shares directly from Invesco Markets plc in accordance with the redemption procedures set out in the prospectus, subject to any applicable laws and relevant charges. In addition to the charges set out in the Charges section below, the Fund will incur portfolio transaction costs which are paid from the assets of the Fund. These may have a material impact on your returns. The Fund’s base currency is USD. Dividend Policy: This Share Class declares and distributes a dividend on a quarterly basis. Net Asset Value: This is calculated daily and the Fund is open for redemptions on each day on which the United States Federal Reserve is open. Please refer to the prospectus for further information. The Index: The Index seeks to track U.S. publicly traded energy master limited partnerships (“MLPs”). The Index aims to provide representative, diversified exposure to MLPs by targeting the top 97% of MLPs by market capitalisation, weighting constituents by their total annual distributions and capping exposure to individual constituents at 10%. The Index is calculated daily, rebalanced quarterly and is reviewed semi-annually.