Unit Trusts

Why Stock Buybacks?

Timely
Cash on company balance sheets remains at all-time highs and interest rates remain low relative to historic averages, allowing companies to finance buybacks with cheap money.
Tax Efficient
Compared to dividends, buybacks offer a company's management a means of returning cash to shareholders in a more tax-efficient manner since buybacks are not a taxable event until shares are sold.
Investor Sentiment
Buybacks that decrease shares outstanding automatically increase EPS, whichmay improve investor sentiment.

Increase in share buybacks have historically correlated to stock market increases

Source: Bloomberg L.P. as of 3/31/15
The above chart portrays past performance which is no guarantee of future results, and further, does not reflect the performance of any Invesco unit trust. Any change in share buyback activity among S&P 500 companies will not necessarily correspond to the performance of any series of the BUYB portfolio.

Selection Process

1 Measured by total cash paid for common shares in the last four quarters divided by total market cap at the beginning of the buyback period.
2 Some of the fundamentals, among others, sued to select the portfolio.

About risk

There is no assurance that a unit investment trust will achieve its investment objective. An investment in this unit 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. This trust is unmanaged and its portfolio is not intended to change during the trust's life except in limited circumstances. Accordingly, you can lose money investing in this trust.

The trust should be considered as a 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.

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

The portfolio does not replicate all of the components of the S&P 500 Buyback Index or its component weightings and the stocks in the portfolio will not change if the index components, or their weightings within the index, change. The performance of the Portfolio will not correspond with the S&P 500 Buyback Index for this reason and because the Portfolio incurs a sales charge and expenses. The Portfolio is not intended to replicate the performance of the index.

Investing in Companies with a History of Dividend Growth

Above-average total return
• Seeks to offer a portfolio of international stocks with a history of increasing dividends and with the potential to increase future dividend distributions
• Seeks to provide total return through potential capital appreciation and dividend income.
Income sustainability
• Companies that have earnings and cash-flow sustainability may have a higher probability of maintaining and increasing future dividend distributions without sacrificing growth
Quality
• Companies in the portfolio that have a Standard & Poor's debt rating of "BBB-" or higher and a minimum share price of $5 (USD) each as of the time of selection*

The companies that underlie the International Dividend Sustainability Portfolio 2015-2 have not only rewarded shareholders with dividends, but have also increased those dividends over time without sacrificing growth. Of course, past results are not a guarantee of future results, and the payment of dividends is never assured and may vary over time.

The dividend growth shown above is not that of any Invesco unit investment trust and is for illustrative purposes only. Dividend growth among the underlying companies in a trust may not necessarily correlate with the overall performance of a trust.

1 Bloomberg L.P. as of 5/4/15

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.

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. 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.

Combining Bond & Equity Features for Growth & Income

High barriers to entry
Real Assets are characterized by long-lived assets in industries with high barriers to entry, typically supported by the resilient demand for essential services
Potentially stable cash flows with growth
The contractual nature of cash flows may enhance predictability and lower financial risk while providing the potential for growth.
Correlation and liquidity benefits
Low-to-moderate correlation to equities over the long-term and liquidity benefits relative to direct real asset exposure.

Real Asset Growth & Income Portfolio Highlights

This portfolio will focus on two primary sectors within the Real Asset category: Global REITs & Global Infrastructure. Infrastructure investments include: utilities, railroads, telecommunications, energy/MLP and companies involved in the development & maintenance of airports, toll roads, ports and pipelines.

Diversified across approximately 19 subsectors within the Global REIT and Global Infrastructure sectors, the portfolio will consist of 50–60 securities.

Potential for attractive dividend yields, relative to global equities and global fixed income.

Real assets relative annual total return performance

Source: Invesco Real Estate using data from StyleADVISOR as of March 31, 2015.
Note: Global Real Assets represented by 65/35 portfolio of Dow Jones Brookfield Global Infrastructure Index and FTSE EPRA/NAREIT Developed REITs Index; Global Stocks represented by MSCI World Index; US Stocks represented by S&P 500 Index; Global Bonds represented by Barclays/Global Aggregate Index; US Bonds represented by Barclays US Aggregate Index. Past performance is not a guarantee of future results. Does not reflect the performance of any Invesco unit trust.

Invesco Real Estate: $65.1 Billion Under Management
419 Employees Worldwide; 20 Offices; 15 Countries

Source: Invesco Real Estate (IRE). Invesco Capital Markets, Inc. is the sponsor of the REAL trust.
Total employees and assets under management as of March 31, 2015.

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. This trust is unmanaged and its portfolio is not intended to change during the trust's life except in limited circumstances. 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 and REIT shares 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.

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.

The portfolio invests in MLPs. Most MLPs operate in the energy sector and are subject to the risks generally applicable to companies in that sector, including commodity pricing risk, supply and demand risk, depletion risk and exploration risk. MLPs are also subject the risk that regulatory or legislative changes could eliminate the tax benefits enjoyed by MLPs which could have a negative impact on the after-tax income available for distribution by the MLPs and/or the value of the portfolio's investments.

The Portfolio is concentrated in securities of REITs and other real estate companies. Shares of REITs and other real estate companies may appreciate or depreciate in value, or pay dividends depending upon global and local economic conditions, changes in interest rates and the strength or weakness of the overall real estate market. Negative developments in the real estate industry will affect the value of your investment more than would be the case in a more diversified investment.

The Portfolio is concentrated in securities issued by companies in the energy sector. Negative developments in this sector will affect the value of your investment more than would be the case in a more diversified investment.

Value, blend and growth are types of investment styles. Growth investing generally seeks stocks that offer the potential for greater-than-average earnings growth, and may entail greater risk than value or blend investing. Value investing generally seeks stocks that may be sound investments but are temporarily out of favor in the marketplace, and may entail less risk than growth investing. A blend investment combines the two styles.

Diversification does not ensure a profit or eliminate the risk of loss.