Equity

The value of investments and any income will fluctuate. This may partly be the result of exchange rate fluctuations. Investors may not get back the full amount invested.

Emerging and developing markets risk:

The Invesco Asian Fund (UK) and the Invesco Global Emerging Markets Equity Fund (UK) invest in emerging and developing markets, where there is potential for a decrease in market liquidity, which may mean that it is not easy to buy or sell securities. There may also be difficulties in dealing and settlement, and custody problems could arise.

Use of Stock Connect:

The Invesco Asian Fund (UK), the Invesco Global Equity Fund (UK), and the Invesco Global Emerging Markets Equity Fund (UK) may use Stock Connect to access China A Shares traded in mainland China. This may result in additional liquidity risk and operational risks including settlement and default risks, regulatory risk and system failure risk.

Use of derivatives:

The Invesco Asian Fund (UK), the Invesco European Equity Fund (UK), the Invesco Global Equity Fund (UK), and the Invesco UK Opportunities (UK) may use derivatives (complex instruments) in an attempt to reduce the overall risk of their investments, reduce the costs of investing and/or generate additional capital or income, although this may not be achieved. The use of such complex instruments may result in greater fluctuations of the value of the funds. The Managers, however, will ensure that the use of derivatives within the funds does not materially alter their overall risk profile.

Investing partially in emerging/developing markets:

Although the Invesco European Equity Fund (UK) and the Invesco Global Equity Fund (UK) invest mainly in established markets, they can invest in emerging and developing markets, where there is potential for a decrease in market liquidity, which may mean that it is not easy to buy or sell securities. There may also be difficulties in dealing and settlement, and custody problems could arise.

Concentrated portfolio:

As the Invesco UK Opportunities Fund (UK) typically has a concentrated number of holdings, it may carry a higher degree of risk than a fund which invests in a broader range of holdings or takes smaller positions in a relatively large number of holdings.

The  Invesco FTSE All Shares ESG Climate UCITS ETF might be concentrated in a specific region or sector or be exposed to a limited number of positions, which might result in greater fluctuations in the value of the fund than for a fund that is more diversified.

Equity/equity related securities:

The value of equities and equity-related securities can be affected by a number of factors including the activities and results of the issuer and general and regional economic and market conditions. This may result in fluctuations in the value of the  Invesco FTSE All Shares ESG Climate UCITS ETF.

Invesco FTSE All Shares ESG Climate UCITS ETF – additional product specific risks:

The fund intends to invest in securities of issuers that manage their ESG exposures better relative to their peers. This may affect the fund’s exposure to certain issuers and cause the fund to forego certain investment opportunities. The fund may perform differently to other funds, including underperforming other funds that do not seek to invest in securities of issuers based on their ESG ratings.

The Invesco FTSE All Share ESG Climate UCITS ETF has been developed solely by Invesco UK Services Limited (IUKL). The fund is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings. FTSE Russell is a trading name of certain of the LSE Group companies. All rights in the FTSE All Share ex Investment Trusts ESG Climate Select Index vest in the relevant LSE Group company which owns the Index. “FTSE®” is a trademark of the relevant LSE Group company and is used by any other LSE Group company under license. The index is calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the index or (b) investment in or operation of the fund. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the fund or the suitability of the index for the purpose to which it is being put by IUKL.