Unit Trusts


Rediscover Unit Trusts - Equity Sales Charge Update Public Flyer


Invesco Unit Trusts have deposited over 9,000 equity and fixed income portfolios with over $146 billion in initial deposits and more than $22 billion in income paid out to unitholders since 1976.2

At Invesco we believe in continuously striving for a superior client experience by delivering innovative and enduring quality investments designed to meet investors' evolving needs. To that end, our short-term equity trusts deposited on or after June 9, will be done so at the new sales charge schedule noted below.

Invesco UITs provide you with high-conviction fundamental and factor-based investment strategies in a cost-conscious design. There are many potential advantages to including UITs in your portfolio, including the fixed maturity, buy and hold process providing enhanced certainty of portfolio holdings and holding period.

Updated Equity Sales Charge features


For illustrative purposes only.


Current vs. New Sales Charge structure

Current product structures New product structures
Target maturity Sales charge Dealer concession Sales charge Dealer concession
14- and 15- month 2.95% Total
1.00% Up-front
1.45% Deffered
0.50% C&D free
1.00% Discount for rollovers
2.25% New money
1.30% Rollovers
1.85% Total1
1.35% Deferred
0.50% C&D fee
1.85% applies to rollovers and new money
1.25%
24 month 3.95% Total
1.00% Up-front
2.45% Deffered
0.50% C&D free
1.00% Discount for rollovers
3.15% New money
2.15% Rollovers
2.75% Total1
2.25% Deferred
0.50% C&D fee
2.75% applies to rollovers and new money
2.00%

1 The new sales charge structures are as of 6/9/17. Based on a $10 per unit price. In the new sales charge structure, the deferred sales charge and the creation and development fee are fixed dollar amounts per $10 unit and comprise the maximum sales charge on the initial date of deposit. With this in mind, the deferred sales charge and creation and development fee will vary as a percentage with changes in the public offering price and when the public offering price is greater than $10, the sales charge will include an upfront component. Sales charges will not exceed the total sales charges shown above. Investors in fee accounts will only be charged the C&D Fee.

2 As of Mar. 31, 2017 through Invesco Unit Investment Trusts and predecessor firms.

About risk

There is no assurance that a series of the trust will achieve its investment objective. An investment in any series of this unit investment trust is subject to market risk, which is the possibility that the market values of securities owned by a 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.

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.

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

Shifting the mindset of investing!

Shifting the mindset of investing!

Each investor may have different goals for their portfolio. You may want more income, less risk or greater diversification. To meet these investment objectives, you can potentially benefit from shifting the mindset of investing to a responsible investing strategy. Various types of responsible investing, have been around for decades, but interest in these strategies has come to the fore front of the market news in recent years, spurred by shifting demographics, increased global climate and resource risks and regulatory changes. As investor interest has increased, the ESG industry has responded with improved research capabilities which have thereby led to better products. With this in mind, Invesco has created a new portfolio, the ESG Opportunity Portfolio (ESGO0174), to focus on this growing segment of the market .

ESG opportunity for potential growth without sacrificing performance

 ESG opportunity for potential growth without sacrificing performance

Source: Bloomberg L. P., July 2017

Ready to learn more? Contact your Invesco representative or financial advisor for more on how Invesco can may help with your investment needs.

ESG Opportunity - Selection process

  ESG Opportunity - Selection process

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 that a series of a trust will achieve its investment objective. An investment in any series of a unit investment trust is subject to market risk, which is the possibility that the market values of securities owned by a trust will decline and that the value of trust units may therefore be less than what investors paid for them. A trust is unmanaged and its portfolio is not intended to change during the trust's life except in limited circumstances. Accordingly, investors can lose money investing in a trust. A trust should be considered as a part of a long-term investment strategy and investors should consider their ability to pursue it by investing in successive trusts, if available. Investors 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. There can be no guarantee or assurance that companies will declare dividends in the future or that if declared, they will remain at current levels or increase over time.

A particular series of the trust may be concentrated in certain sectors or geographic regions, and to the extent that it is, your investment in units of a trust series would be subject to the risks associated with such concentrations. Please refer to the prospectus associated with the applicable trust.

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 financial condition of an issuer may worsen or its credit ratings may drop, resulting in a reduction in the value of your Units. This may occur at any point in time, including during the initial offering period.

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 invests in securities of companies demonstrating favorable ESG practices. The companies may not have applied favorable ESG practices in the past and there is no guarantee that the companies will continue to apply favorable ESG practices over the life of the Portfolio.

The MSCI USA ESG Index is a broadly diversified global index that includes large and mid-capitalization companies with high ESG ratings relative to their sector peers. The S&P 500 Index is an unmanaged index considered representative of the US stock market.

From Crisis Flows Opportunity

From Crisis Flows Opportunity

For those that believed the global water crisis was relegated exclusively to lower socioeconomic emerging markets, the 2015 Flint, Michigan water crisis provided a wake-up call, and unfortunately, it may not be as uncommon in the future. As aging domestic water infrastructure begins to crumble, water resources become more prominent and tensions increase, Americans may be forced into the realization that the water crisis is truly a global issue. For individuals who were surprised that an area such as Michigan, with an abundance of available clean drinking water, could experience a water crisis, it's helpful to understand the difference between physical water scarcity and economic water scarcity.

  • Physical water scarcity results from inadequate natural water resources to supply a region's demand.
  • Economic water scarcity results from poor management of the sufficient available water resources.

Understanding the distinction between the two is important because, according to the United Nations, economic water scarcity is more frequently the cause of countries or regions experiencing water scarcity, as most countries or regions have enough water to meet household, industrial, agricultural, and environmental needs but lack the means to provide it in an accessible manner. In formulating the opportunity for global water investments, an economic water scarcity problem is alluring to investors given that it's typically due to lack of infrastructure as a result of financial or technical constraints. As shown throughout history, some of the greatest financial opportunities arise when markets allocate resources and investment to solve for a crisis.

Opportunities that help alleviate demographic trend difficulties and solve for the increasing effects of climate change are increasingly being valued by investors. Companies that focus on addressing the increasing demand for water align investor values with some of the best potential growth opportunities over the long-term. As an example, the following graph displays the outperformance of water investments following the Flint, Michigan public health emergency declared on October 1, 2015 warning residents not to drink the tap water:

Source: Bloomberg L.P., from 10/1/2015 through 8/15/2017. Past performance is not a guarantee of future results.

For investors seeking exposure to global water investments, Invesco Unit Trust's Global Water Portfolio (GWTR173) seeks capital appreciation by investing in a portfolio of 25 stocks derived from the S-Network Water Index. The water industry is defined and measured in various ways, but essentially comprises the businesses of managing water supply and treating wastewater for various types of end users – residential, industrial, commercial, or agricultural. Portfolio constituents will reflect the different factors driving the ongoing development of the water industry, including important development initiatives in key developed and emerging markets.

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 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.

The financial condition of an issuer may worsen or its credit ratings may drop, resulting in a reduction in the value of your Units. This may occur at any point in time, including during the initial offering period.

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.

You should be aware that the Portfolio is concentrated in stocks in both the water utility and infrastructure sector and the industrials sector making it subject to additional risks including limited diversification. The companies engaged in the water utility and infrastructure sector are subject to certain risks, including price and supply fluctuations caused by international politics, energy conservation, taxes and other regulatory policies of various governments. The companies engaged in the industrials sectors are subject to certain risks, including a deterioration in the general state of the economy, intense competition, domestic and international politics, excess capacity and changing spending trends.

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. There can be no guarantee or assurance that companies will declare dividends in the future or that if declared, they will remain at current levels or increase 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.

Stocks of smaller capitalization companies are often more volatile than those of larger companies as a result of several factors such as limited trading volumes, products or financial resources, management inexperience and less publicly available information.

The Portfolio does not replicate all of the components of the Water 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 Water 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.

The S-Network Water IndexSM is a modified capitalization weighted, float adjusted equity index designed to serve as an equity benchmark for globally traded stocks that are principally engaged in the water utilities and water technology industries. It is not possible to invest directly in an index.

"S-Network Global Indexes, LLCSM, and S-Network Water Tech IndexSM" and "S-Network Water Works IndexSM" are service marks of S-Network Global Indexes, LLC and have been licensed for use by the Portfolio. The Portfolio is not sponsored, endorsed, sold or promoted by S-Network Global Indexes, LLC and S-Network Global Indexes, LLC makes no representation regarding the advisability of investing in the Portfolio.

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(s), investors should ask their advisor(s) for a prospectus or download one at invesco.com/uit.

This does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial professional before making any investment decisions.

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.

The opinions expressed are based on current market conditions and are subject to change without notice. These opinions may differ from those of other Invesco investment professionals. All data provided by Invesco unless otherwise noted.