Unit Trusts

Dividend Aristocrats

Dividend Aristocrats outperform historically with an 11 year cumulative return of 240% compared to the S&P 500 Index with a return of 164%.2

What makes an Aristocrat?

A commitment to dividends! The strategy invests in companies that have raised their dividends for the last 25 consecutive years.

Corporate managers use stable and increasing dividends as a sign of confidence in their firm's prospects, while investors may consider such track records as signs of corporate maturity and strength, which we believe is important to sustainable income and capital appreciation.1 Companies with strong dividend coverage should be able to increase dividend payments.1

The S&P 500 Dividend Aristocrats Index tracks the performance of 53 companies in the S&P 500 Index that have increased their dividends for the last 25 consecutive years. A dividend aristocrat tends to be a large blue-chip company and many of the companies listed on the index are familiar household names.

For investors interested in sustained dividends over time, Invesco Unit Trust's Dividend Sustainability Portfolio (DVST) is a fundamentally selected portfolio with a history of increasing dividends and with the potential to increase future dividends as well.

Cumulative return (May 2005 through May 2016)

Cumulative return - May 2005 through May 2016

Source: Bloomberg L.P. Data is from 05/02/2005 through 05/31/2016. The above chart is presented for the purpose of illustrating the outperformance of the S&P 500 Dividend Aristocrats Index relative to the S&P 500 Index over the last 11 years. The data is cumulative total return over the 11-year period which coincides with the launch date of the S&P 500 Dividend Aristocrats Index. This performance is not indicative of how the Dividend Sustainability Portfolio will perform. Investors should further note that each series of the Dividend Sustainability Portfolio invests in a subjectively selected portfolio consisting of a subset of the stocks currently included in the S&P 500 Dividend Aristocrats Index. The compound annual growth rate (CAGR) is the mean annual growth rate of an investment over a specified period of time longer than one year. Past performance is no guarantee of future performance.

Consecutive years of dividend growth for DVST-163 companies*

Company Ticker Years
More than 50
Procter & Gamble Co/The PG 59
Emerson Electric Co EMR 57
3M Co MMM 54
Colgate-Palmolive Co. CL 53
Lowe's Cos Inc LOW 53
Coca-Cola Co/The KO 53
Johnson & Johnson JNJ 53
Illinois Tool Works ITW 52
More than 40
Stanley Black & Decker Inc SWK 48
Target Corp TGT 48
Becton Dickinson and Co BDX 43
Leggett & Platt LEG 44
Abbott Laboratories ABT 43
Abbvie, Inc. ABBV 43
Kimberly-Clark Corp KMB 43
Pepsico Inc PEP 43
PPG Industries Inc PPG 43
Automatic Data Processing ADP 41
Wal-Mart Stores Inc WMT 41
Walgreens Boots Alliance Inc WBA 40
Company Ticker Years
More than 30
Mcdonald's Corp MCD 38
Medtronic Plc MDT 38
Sherwin-Williams Co/The SHW 37
Sysco SYY 34
Aflac AFL 33
Air Products & Chemicals Inc APD 33
Exxon Mobil Corp XOM 33
AT&T Inc T 31
Ecolab Inc ECL 30
T. Rowe Price Group, Inc. TROW 30
Company Ticker Years
More than 20
Cardinal Health Inc CAH 28

* Source: Bloomberg L.P. as of 7/31/16. Not indicative of any DVST trust performance.

Ready to learn more? Contact your Invesco representative or financial advisor for more on how Invesco Dividend Sustainability Portfolio may help with income as well as performance.

1 Past performance is no guarantee of future results, and the payment of dividends are never assured and may vary over time.

2 Source: Bloomberg L.P. Data is from 12/31/1989 through 05/31/2016. The above chart is presented for the purpose of illustrating the outperformance of the S&P 500 Dividend Aristocrats Index relative to the S&P 500 Index over the last 26 years. The data is cumulative total return over the 26-year period. This performance is not indicative of how the Dividend Sustainability Portfolio will perform. Investors should further note that each series of the Dividend Sustainability Portfolio invests in a subjectively selected portfolio consisting of a subset of the stocks currently included in the S&P 500 Dividend Aristocrats Index. The compound annual growth rate (CAGR) is the mean annual growth rate of an investment over a specified period of time longer than one year. Past performance is no guarantee of future performance.

About risk

There is no assurance the trust will achieve its investment objective. An investment in this unit investment trust is subject to market risk, which is the possibility that the market values of securities owned by the trust will decline and that the value of trust units may therefore be less than what you paid for them. Accordingly, you can lose money investing in this trust. The trust should be considered as part of a long-term investment strategy and you should consider your ability to pursue it by investing in successive trusts, if available. You will realize tax consequences associated with investing from one series to the next.

Common stocks do not assure dividend payments. Dividends are paid only when declared by an issuer's board of directors and the amount of any dividend may vary over time.

You could experience dilution of your investment if the size of the Portfolio is increased as Units are sold. There is no assurance that your investment will maintain its proportionate share in the Portfolio's profits and losses.

The portfolio is concentrated in the consumer staples sector. Companies that manufacture, distribute and provide consumer products and services face risks such as intense competition, the lack of serious barriers to entry for on-line entrants, economic recession and a slowdown in consumer spending trends.

Trust objective: The portfolio seeks above-average capital appreciation. The portfolio seeks to achieve its objective by investing in a portfolio of stocks derived from the Standard & Poor's 500 Dividend Aristocrats Index.

STANDARD & POOR'S, S&P, S&P 500 and DIVIDEND ARISTOCRATS are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"), a wholly owned subsidiary of The McGraw-Hill Companies, Inc. Standard & Poor's Investment Advisory Services LLC ("SPIAS") is a registered investment advisor and a wholly owned subsidiary of The McGraw-Hill Companies, Inc. SPIAS reviews the Invesco Capital Markets, Inc.'s (formerly Van Kampen Funds, Inc.) investment selections for the S&P Dividend Sustainability Portfolio. SPIAS does not provide advice to underlying clients of the firms to which it provides services. SPIAS does not act as a "fiduciary" or as an "investment manager", as defined under ERISA, to any investor. SPIAS is not responsible for client suitability. Past performance is not indicative of future returns.

SPIAS, S&P and their affiliates do not sponsor, endorse, sell, promote or manage any investment fund or other vehicle that is offered by third parties and that seeks to provide an investment return based on a SPIAS investment strategy or the constituents or the returns of any index. SPIAS, S&P and their affiliates make no representation regarding the advisability of investing in any such investment fund or other vehicle. With respect to recommendations made by SPIAS, investors should realize that such information is provided only as a general guideline. SPIAS does not take into account any information about any investor or any investor's assets when providing its services. There is no agreement or understanding whatsoever that SPIAS will provide individualized advice to any investor. SPIAS does not have any discretionary authority or control with respect to purchasing or selling securities or making other investments. Individual investors should ultimately rely on their own judgment and/or the judgment of a financial advisor in making their investment decisions. There is no assurance that future dividend payouts will equal or exceed past dividend payouts. Standard & Poor's parent company, The McGraw-Hill Companies, Inc. may be one of the constituents of the S&P 500 Dividend Aristocrats Index and may be included in the portfolio based solely on quantitative measurements.

For additional disclaimers and disclosures for SPIAS, please see http://www.standardandpoors.com/regulatory-affairs/spias/en/us.

International equities – performance and income

Invesco believes that sustainable dividend income and capital appreciation potential are both important to total return expectations. While certain domestic companies have been able to consistently grow their dividend distributions, many international companies have shown the ability to grow dividends over multiple periods. Of course, there is no guarantee of future results and the payment of stock dividends is not assured and may vary over time.

For investors interested in international equities, Invesco Unit Trust's International Dividend Sustainability Portfolio (IDST) is a fundamentally selected portfolio of international stocks with a history of increasing dividends and with the potential to increase future dividends as well.

International Dividend Growers have historically performed well with an average annual return of 10% from May 31, 1994 through March 31, 2016 as the chart below will show.

Strength of international dividend-paying stocks

International dividend-paying stocks can add additional dimension to your portfolio in any environment. A company that can pay dividends when the market is in flux may demonstrate strength and may add an element of stability to your portfolio.

Average annual total returns of MSCI EAFE stocks by dividend policy (period ended Mar. 31, 2016)

Dividend growth has historically tied to strong performance.

Source: 2016 Ned Davis Research, Inc. Past performance does not guarantee future results. Indexes are unmanaged and one cannot invest directly in an index. All stocks were categorized by the following methodology for total return of each 12-month period since May 31, 1994 period ended Mar. 31, 2016. Dividend Cutters and Eliminators represents stocks in the MSCI EAFE that have lowered or eliminated their dividend; Non-Dividend-Paying Stocks represents non-dividend-paying stocks of the MSCI EAFE; Dividend Payers With No Change represents all dividend-paying stocks of the MSCI EAFE that have maintained their existing dividend rate; All Dividend-Paying Stocks represents all dividend-paying stocks in the MSCI EAFE; and Dividend Growers and Initiators represents all dividend-paying stocks of the MSCI EAFE that raised their existing dividend or initiated a new dividend. Performance does not represent any unit trust or strategy. The Morgan Stanley Capital International Europe, Australasia, and Far East Index ("MSCI EAFE") is an unmanaged index generally representative of major overseas stock markets. MSCI EAFE data is US dollar adjusted.

Ready to learn more? Contact your Invesco representative or financial advisor for more on how Invesco International Dividend Sustainability Portfolio may help with income as well as performance.

Before investing, investors should carefully read the prospectus and consider the investment objectives, risks, charges and expenses. For this and more complete information about the trust, investors should ask their advisor(s) for a prospectus or download one at invesco.com/uit.

About risk

There is no assurance a unit investment trust will achieve its investment objective. An investment in a unit trust is subject to market risk, which is the possibility that the market values of securities owned by a unit trust will decline and that the value of trust units may therefore be less than what you paid for them. Each trust is unmanaged and the portfolio is not intended to change during the trust's life except in limited circumstances. Accordingly, you can lose money investing in a unit trust. The trust should be considered as part of a long-term investment strategy and you should consider their ability to pursue it by investing in successive trusts, if available. You will realize tax consequences associated with investing from one series to the next.

Common stocks do not assure dividend payments. Dividends are paid only when declared by an issuer's board of directors and the amount of any dividend may vary over time.

You could experience dilution of your investment if the size of the Portfolio is increased as Units are sold. There is no assurance that your investment will maintain its proportionate share in the Portfolio's profits and losses.

The Portfolio is concentrated in securities issued by companies domiciled in the United Kingdom. As a result, political or economic developments in the United Kingdom may have a significant impact on the securities included in the Portfolio.

This trust is concentrated in the consumer discretionary and consumer staples sectors. Companies in these sectors face risks such as intense competition, the lack of serious barriers to entry for on-line entrants, economic recession and a slowdown in consumer spending trends.

Investing in foreign securities involves certain risks not typically associated with investing solely in the United States. This may magnify volatility due to changes in foreign exchange rates, the political and economic uncertainties in foreign countries, and the potential lack of liquidity, government supervision and regulation.

Trust Objective: Invesco Unit Trusts offers a portfolio that seeks to provide above-average capital appreciation by investing in a portfolio of international stocks and American Depositary Receipts ("ADRs") of companies with a history of increasing dividend distributions.

Index Definitions

The Morgan Stanley Capital International Europe, Australasia, and Far East Index ("MSCI EAFE") is an unmanaged index generally representative of major overseas stock markets. MSCI EAFE data is US dollar adjusted. Indexes are statistical composites and their returns do not include payment of any sales charges or fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

Invesco unit investment trusts are distributed by the sponsor, Invesco Capital Markets, Inc. and broker dealers including Invesco Distributors, Inc. Both firms are indirect, wholly owned subsidiaries of Invesco Ltd.

BDST - A balanced approach

A balanced approach
Only 67 out of 469 times in a rolling 12-month period did a 60%/40% portfolio have a negative return.1

Striking a balance

The strategy provides access to both common stocks derived from the S&P 500 Dividend Aristocrats Index and fixed income exchange-traded funds (ETFs). The Sponsor selects the fixed income ETFs based on the term and type of bonds that comprise each fixed income ETF and how each ETF fits into the fixed income allocation of the portfolio. By having exposure to both major asset classes, an investor may see capital appreciation as well as the potential for lower volatility.

  • Total return
  • Potentially lower volatility
  • Access to industry leaders

For investors interested in balanced portfolio, Invesco Unit Trust's Balanced Dividend Sustainability & Income Portfolio (BDST) is a fundamentally balanced portfolio having exposure to both major asset classes. This in turn may offer an investor capital appreciation, income and the potential for lower volatility.

Striking a balance (%)

Calendar-year performance differential relative to a quarterly rebalanced 60% stock/40% bond portfolio.
From Dec. 31, 1995 through Dec. 31, 2015
Striking a balance

Stocks — as represented by the S&P 500 Index, which measures the broad US stock market.
Bonds — as represented by the Barclays U.S. Aggregate Bond Index, which measures the US bond market.
Source: SPAR, FactSet Research Systems Inc. It is not possible to invest directly in an index. Past performance is no guarantee of future results. Please note that the above performance is not the performance of any BDST portfolio.

A balanced approach may provide a buffer on the downside

A 60/40 mix cushioned the degree and frequency of losses. Rolling 12-month periods from Dec. 31, 1975 through Dec. 31, 2015.
A balanced approach may provide a buffer on the downside

Start of period coincides with inception of Barclays U.S. Aggregate Bond Index.
Source: SPAR, FactSet Research Systems Inc. Past performance is no guarantee of future results.
Please note that the above performance is not the performance of any BDST portfolio.

Ready to learn more? Contact your Invesco representative or financial advisor for more on how Invesco Balanced Dividend Sustainability & Income Portfolio may help with income as well as performance.

1 Source: SPAR, FactSet Research Systems Inc., from Dec. 31, 1975 through Dec. 31, 2015. Start of period coincides with inception of Barclays U.S. Aggregate Bond Index. Past performance is no guarantee of future results. Please note that the performance is not the performance of any BDST portfolio. This data noted is monthly iterations.

About risk

There is no assurance the trust will achieve its investment objective. An investment in this unit investment trust is subject to market risk, which is the possibility that the market values of securities owned by the trust will decline and that the value of trust units may therefore be less than what you paid for them. Accordingly, you can lose money investing in this trust. The trust should be considered as part of a long-term investment strategy and you should consider your ability to pursue it by investing in successive trusts, if available. You will realize tax consequences associated with investing from one series to the next.

Common stocks do not assure dividend payments. Dividends are paid only when declared by an issuer's board of directors and the amount of any dividend may vary over time.

You could experience dilution of your investment if the size of the Portfolio is increased as Units are sold. There is no assurance that your investment will maintain its proportionate share in the Portfolio's profits and losses.

The value of the securities in certain of the funds will generally fall if interest rates, in general, rise. Given the historically low interest rate environment in the US, risks associated with rising rates are heightened. The negative impact on fixed income securities from any interest rate increases could be swift and significant. No one can predict whether interest rates will rise or fall in the future.

The portfolio invests in shares of ETFs. In particular, shares of ETFs may trade at a discount from their net asset value and are subject to risks related to factors such as management's ability to achieve a fund's objective, market conditions affecting a fund's investments and use of leverage. In addition, there is the risk that an active secondary market may not develop or be maintained, or trading may be halted by the exchange on which they trade, which may impact the portfolio's ability to sell the ETF shares. The portfolio and the underlying funds have management and operating expenses. You will bear not only your share of the portfolio's expenses, but also the expenses of the underlying funds. By investing in other funds, the portfolio incurs greater expenses than you would incur if you invested directly in the funds.

Certain ETFs in the portfolio invest in corporate bonds. The financial markets, including those for corporate bonds, have recently experienced periods of extreme illiquidity and volatility. Due to these significant difficulties in the financial markets, there can be substantial uncertainty in assessing the value of an issuer's assets or the extent of its obligations. For these or other reasons, the ratings of the bonds in certain ETFs may not accurately reflect the current financial condition or prospects of the issuer of the bond.

Certain ETFs in the portfolio may invest in securities rated below investment grade and considered to be "junk" securities. Securities rated below "BBB-" by Standard & Poor's or below "Baa3" by Moody's are considered to be below investment grade. These securities are considered to be speculative and are subject to greater market and credit risks. Accordingly, the risk of default is higher than with investment grade securities. In addition, these securities may be more sensitive to interest rate changes and may be more likely to make early returns of principal.

Certain ETFs in the portfolio may invest in preferred securities. Preferred securities are typically subordinated to bonds and other debt instruments in a company's capital structure in terms of priority to corporate income and therefore are subject to greater risk than those debt instruments. Preferred securities are subject to interest rate risk, meaning that their values may fall if interest rates, in general, rise. Given the historically low interest rate environment in the U.S., risks associated with rising rates are heightened. The negative impact on fixed income securities from any interest rate increases could be swift and significant. In addition to the other risks described herein, income payments on certain preferred securities may be deferred which may reduce the amount of income you receive on your Units.

Certain ETFs in the portfolio may invest in senior loans. Although senior loans may be secured by specific collateral, there can be no assurance that liquidation of collateral would satisfy the borrower's obligation in the event of non-payment of scheduled principal or interest or that such collateral could be readily liquidated. Senior loans invest generally are of below investment grade credit quality, may be unrated at the time of investment, generally are not registered with the Securities and Exchange Commission or any state securities commission, and generally are not listed on any securities exchange. In addition, the amount of public information available on senior loans generally is less extensive than that available for other types of assets.

Trust objective: The portfolio seeks to achieve its objective by investing in a portfolio of dividend-paying shares of common stocks and exchange-traded funds ("ETFs"). The common stocks are chosen from the S&P 500 Dividend Aristocrats Index, an index consisting of stocks of those companies in the S&P 500 Index that have increased their actual dividend payments in each of the last 25 years. The ETFs are strategically chosen among US and foreign fixed income securities of varying maturities, subcategories and credit quality. Invesco Capital Markets, Inc. is the Sponsor of the Portfolio.

STANDARD & POOR'S, S&P, S&P 500 and DIVIDEND ARISTOCRATS are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"), a wholly owned subsidiary of The McGraw-Hill Companies, Inc. Standard & Poor's Investment Advisory Services LLC ("SPIAS") is a registered investment advisor and a wholly owned subsidiary of The McGraw-Hill Companies, Inc. SPIAS reviews the Invesco Capital Markets, Inc.'s (formerly Van Kampen Funds, Inc.) investment selections for the S&P Dividend Sustainability Portfolio. SPIAS does not provide advice to underlying clients of the firms to which it provides services. SPIAS does not act as a "fiduciary" or as an "investment manager", as defined under ERISA, to any investor. SPIAS is not responsible for client suitability. Past performance is not indicative of future returns.

SPIAS, S&P and their affiliates do not sponsor, endorse, sell, promote or manage any investment fund or other vehicle that is offered by third parties and that seeks to provide an investment return based on a SPIAS investment strategy or the constituents or the returns of any index. SPIAS, S&P and their affiliates make no representation regarding the advisability of investing in any such investment fund or other vehicle. With respect to recommendations made by SPIAS, investors should realize that such information is provided only as a general guideline. SPIAS does not take into account any information about any investor or any investor's assets when providing its services. There is no agreement or understanding whatsoever that SPIAS will provide individualized advice to any investor. SPIAS does not have any discretionary authority or control with respect to purchasing or selling securities or making other investments. Individual investors should ultimately rely on their own judgment and/or the judgment of a financial advisor in making their investment decisions. There is no assurance that future dividend payouts will equal or exceed past dividend payouts. Standard & Poor's parent company, The McGraw-Hill Companies, Inc. may be one of the constituents of the S&P 500 Dividend Aristocrats Index and may be included in the portfolio based solely on quantitative measurements.

For additional disclaimers and disclosures for SPIAS, please see http://www.standardandpoors.com/regulatory-affairs/spias/en/us.