Enhanced Sector Strategy, Sector Rotation Portfolio (ESRO0194)

Strategy

The Portfolio seeks above-average capital appreciation. The Portfolio invests in stocks selected by applying three of the following separate uniquely specialized sector strategies*: the Basic Materials Strategy, the Consumer Goods Strategy, the Consumer Services Strategy, the Energy Strategy, the Financials Strategy, the Health Care Strategy, the Industrials Strategy, the Technology Strategy, the Telecommunications Strategy and the Utilities Strategy. The combined Portfolio strategy first ranks the ten Dow Jones U.S. Index sector indices by the simple average total return of the stocks in each index for the previous six-month period and selects the three highest ranking sector indices.

*An enhanced sector (or "index") strategy refers to a unit investment trust strategy, sponsored by Invesco Capital Markets, Inc., that seeks to outperform an index by investing in an objectively selected subset of stocks from the same index.

From these three sector indexes Invesco will run their enhanced sector methodology to create a portfolio of 60 stocks (50 stocks, if the Telecommunications strategy is included). Each strategy is approximately equally weighted to make up the final Enhanced Sector Strategy, Sector Rotation Portfolio. The portfolio will generally not change throughout the life of the trust.

The Dow Jones U.S. Index
The Dow Jones U.S. Index represents 95% of the investable U.S. equity market and is part of The S&P Dow Jones Indices, a family of comprehensive global indexes constructed to provide broad market coverage by world, region and country. Characteristics of the Dow Jones U.S. Index are as follow:

  • Consists of 10 Sector Indices - Basic Material, Consumer Goods, Consumer Services, Financials, Health Care, Industrials, energy/oil and gas, Technology, Telecommunications and Utilities.
  • Complete asset class representation - consistent coverage of large-cap, mid-cap and small-cap stocks.
  • Float-adjusted market capitalization - accurately represents "investable" shares available for public purchase.
  • Quarterly component review - clearly stated rule-based regular review provides transparency and ensures investability of the Index.
  • Includes growth-oriented and value-oriented stocks.

The Dow Jones U.S. Index measures the performance of the U.S. equity broad market. The index is comprised of all the companies in the Dow Jones Large-Cap Index, Dow Jones Mid-Cap Index and Dow Jones Small-Cap Index.

Selection Methodology

  1. Begin with the 10 Dow Jones U.S. sector Indices.
  2. Rank each sector index by previous six-month simple average total return of the stocks from within each sector index and identify the three highest ranking sector indices.
  3. Invest approximately equally into the three corresponding enhanced sector strategies.
  4. Beginning with the stocks in the Dow Jones U.S. Index, the strategies exclude the bottom 1% of stocks based on market capitalization.
  5. In addition, a company will be excluded and its stock will be replaced with the stock with the next highest total score, if the company is an affiliate of the Sponsor, if there is any restriction on the Sponsor's ability to purchase a company's stock, or, if based on publicly available information as of the selection date, a proposed corporate action would result in it not being the surviving company following a business combination or in its security being delisted.

Why Consider Investing in the Enhanced Sector Strategy, Sector Rotation Portfolio?

Targeting certain sectors may be an investment strategy for investors seeking to outperform the broader benchmark. The market has shown on a year-on-year basis that there is often widespread disparity in returns across sectors. Choosing the right sectors at the right time may be difficult; investors often misjudge in which sectors to invest, how long to remain invested and what sectors to sell. The Enhanced Sector Strategy, Sector Rotation Portfolio provides investors with an investment strategy that seeks to outperform the Dow Jones U.S. Index by teaching certain sectors of the index.

Attributes of the Enhanced Sector Strategy, Sector Rotation Portfolio

  • Convenient and low-cost exposure to the three highest ranking sector indices of the Dow Jones U.S. Index based on the six-month simple average total return of the stocks from within each sector index.
  • Quality, not quantity, approach—selecting specific stocks because of their potential to contribute more to overall performance. Through various screens, enhanced-index strategies may offer the potential to outperform their benchmark in some cases.
 Read more
as of 10/17/2019

Country Breakdown

as of 10/17/2019

Sector Breakdown

as of 10/17/2019

Market Cap / Style Breakdown

  Trust Weighting (%) Dow Jones U.S. Index
Weighting (%)
Large-Cap Value 40.41 25.02
Large-Cap Blend 8.62 27.21
Large-Cap Growth 0.00 28.15
Mid-Cap Value 33.03 5.57
Mid-Cap Blend 4.87 6.17
Mid-Cap Growth 0.00 5.88
Small-Cap Value 11.38 0.89
Small-Cap Blend 0.00 0.68
Small-Cap Growth 0.00 0.43
Other 1.69 0.00
The style characteristics of the Portfolio are determined as of the initial date of deposit. For a complete description of these characteristics, see below.
as of 10/17/2019

Key Stats

Weighted Avg P/E  15.46
Weighted Avg P/B  1.75
Weighted Avg Market Cap (MM)  $69,451.30

Each Key Stat shows the weighted average of a particular metric attributable to the underlying securities included in the portfolio of the trust, and does not represent a statistic of the trust itself.

1The Historical 12 Month Distributions figure is for illustrative purposes only and is not indicative of the trust's actual distributions. For a trust deposited after April 1, 2019, and effective July 31, 2019 for all other trusts, this per unit amount is based upon the weighted average of the actual distributions paid by the securities included in the trust over the 12 months preceding the trust's deposit date, and is reduced to account for the effects of fees and expenses which will be incurred when investing in the trust. The Historical 12 Month Distributions figure is as of the date listed in the prospectus during the trust's initial offering period, and is updated each calendar quarter following the close of the trust's initial offering period. There is no guarantee the issuers of the securities included in the trust will declare dividends or distributions in the future. The distributions paid by the trust may be higher or lower than the Historical 12 Month Distributions amount shown due to certain factors that may include, but are not limited to, a change in the dividends or distributions paid by issuers, actual expenses incurred, currency fluctuations, the sale of trust securities to pay any deferred sales charges, trust fees and expenses, variations in the trust's per unit price, or with the call, maturity or the sale of securities in the trust.

2As of the close of business day prior to Initial Date of Deposit. The actual distributions you may receive will vary from any historical or estimated amount due to changes in the trust's fees and expenses, in actual income received by the trust, currency fluctuations and with changes in the trust such as acquisition or liquidation of securities. Distributions made by certain securities in the trust may include non-ordinary income.

  The trust will make distributions of income and capital on each specified Distribution Date to unitholders of record on the preceding Record Date, provided that the total cash held for distribution meets or exceeds any applicable minimum that may be specified in the prospectus. Undistributed income and capital will be distributed on the next Distribution Date in which the total cash held for distribution meets or exceeds any applicable minimum that may be specified in the prospectus.

  The trust may make distributions that represent a return of capital for tax purposes to the extent of the Unitholder's basis in the Units, and any additional amounts in excess of basis would be taxed as a capital gain. Generally, you will treat all capital gains dividends as long-term capital gains regardless of how long you have owned your Units. Unitholders should consult with their individual tax advisors.

The trust portfolio is provided for informational purposes only and should not be deemed as a recommendation to buy or sell the individual securities shown above.


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.

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.

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.

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 is concentrated in securities issued by companies in the financials sector. Companies in the financials sector face risks such as the potential adverse effects of economic recession, volatile interest rates, and state and federal regulations.

The Portfolio is concentrated in securities issued by companies in the telecommunications sector. Companies in the telecommunications sector face risks such as rapid product obsolescence, intense competition, increased governmental regulation, rapid price volatility, and consolidation.

The Portfolio is concentrated in securities issued by companies in the utility sector. Companies related to the utility or energy industries face risks such as increased competition, increases in fuel and other operating costs, governmental regulations, and natural disasters.

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.

Dow Jones U.S. Index is a product of S&P Dow Jones Indices, a licensed trademark of CME Group Index Services LLC (CME), and has been licensed for use for certain purposes by Invesco and the trust. The trust, based on the Dow Jones U.S. Total Market Index, the Dow Jones U.S. Basic Material Index, the Dow Jones U.S. Consumer Goods Index, the Dow Jones U.S. Consumer Services Index, the Dow Jones U.S. Oil & Gas Index, the Dow Jones U.S. Financials Index, the Dow Jones U.S. Health Care Index, the Dow Jones U.S. Industrials Index, the Dow Jones U.S. Technology Index, the Dow Jones U.S. Telecommunications Index and the Dow Jones U.S. Utilities Index, are not sponsored, endorsed, sold or promoted by Dow Jones, CME, or their respective affiliates, and Dow Jones, CME, and their respective affiliates make no representation regarding the advisability of investing in such product.

as of 10/17/2019
Stocks Symbol Sector Market Cap/
Style
Weighting
(%)
AT&T Inc. T Other Large-Cap Value 8.34
Aes Corp AES Other Mid-Cap Value 1.78
Allete Inc ALE Other Mid-Cap Value 1.63
Ally Financial, Inc. ALLY Other Mid-Cap Value 1.50
Associated Banc-Corp ASB Other Small-Cap Value 1.70
Athene Holding Ltd- Cl A ATH Other Mid-Cap Value 1.67
Avangrid Inc Npv AGR Other Mid-Cap Value 1.67
Avista Corp AVA Other Small-Cap Value 1.70
Axa Equitable Holdings Inc EQH Other Other Other 1.69
Bank of America Corp BAC Other Large-Cap Value 1.75
Bank of New York Mellon Corp BK Other Large-Cap Value 1.63
Black Hills Corp BKH Other Mid-Cap Value 1.70
Brighthouse Financial BHF Other Mid-Cap Value 1.62
Capital One Financial Corp COF Other Large-Cap Value 1.63
Centerpoint Energy CNP Other Mid-Cap Value 1.60
Cit Group Inc CIT Other Mid-Cap Value 1.63
Citigroup, Inc. C Other Large-Cap Value 1.70
Citizens Financial Group Inc CFG Other Mid-Cap Value 1.64
Consolidated Edison Inc ED Other Large-Cap Value 1.73
Dte Energy Company DTE Other Large-Cap Value 1.63
Duke Energy Corp DUK Other Large-Cap Value 1.69
Edison International EIX Other Large-Cap Value 1.64
Evergy Inc EVRG Other Mid-Cap Blend 1.62
Exelon Corp EXC Other Large-Cap Value 1.53
Henderson Group Plc JHG Other Mid-Cap Value 1.75
Iberiabank Corp IBKC Other Mid-Cap Value 1.71
Keycorp KEY Other Mid-Cap Value 1.65
Lincoln Natl Corp Ind LNC Other Mid-Cap Value 1.68
Mdu Resources Group Inc MDU Other Mid-Cap Value 1.65
National Fuel Gas Co NFG Other Mid-Cap Value 1.52
Pinnacle West Capital PNW Other Mid-Cap Value 1.70
Ppl Corp PPL Other Large-Cap Value 1.77
Prudential Financial Inc PRU Other Large-Cap Value 1.76
Public Service Enterprise Gp PEG Other Large-Cap Value 1.68
Raymond James Fin Inc. RJF Other Mid-Cap Blend 1.62
Regions Financial Corporation RF Other Mid-Cap Value 1.63
Southern Co SO Other Large-Cap Value 1.73
Southwest Gas Corp SWX Other Mid-Cap Value 1.61
Synchrony Financial SYF Other Large-Cap Value 1.71
T-Mobile Us, Inc. TMUS Other Large-Cap Blend 8.62
Telephone & Data Sys Inc TDS Other Small-Cap Value 7.98
Ugi Corporation UGI Other Mid-Cap Blend 1.63
Verizon Communications VZ Other Large-Cap Value 8.49
Voya Financial, Inc. VOYA Other Mid-Cap Value 1.69

1The Historical 12 Month Distributions figure is for illustrative purposes only and is not indicative of the trust's actual distributions. For a trust deposited after April 1, 2019, and effective July 31, 2019 for all other trusts, this per unit amount is based upon the weighted average of the actual distributions paid by the securities included in the trust over the 12 months preceding the trust's deposit date, and is reduced to account for the effects of fees and expenses which will be incurred when investing in the trust. The Historical 12 Month Distributions figure is as of the date listed in the prospectus during the trust's initial offering period, and is updated each calendar quarter following the close of the trust's initial offering period. There is no guarantee the issuers of the securities included in the trust will declare dividends or distributions in the future. The distributions paid by the trust may be higher or lower than the Historical 12 Month Distributions amount shown due to certain factors that may include, but are not limited to, a change in the dividends or distributions paid by issuers, actual expenses incurred, currency fluctuations, the sale of trust securities to pay any deferred sales charges, trust fees and expenses, variations in the trust's per unit price, or with the call, maturity or the sale of securities in the trust.

2As of the close of business day prior to Initial Date of Deposit. The actual distributions you may receive will vary from any historical or estimated amount due to changes in the trust's fees and expenses, in actual income received by the trust, currency fluctuations and with changes in the trust such as acquisition or liquidation of securities. Distributions made by certain securities in the trust may include non-ordinary income.

  The trust will make distributions of income and capital on each specified Distribution Date to unitholders of record on the preceding Record Date, provided that the total cash held for distribution meets or exceeds any applicable minimum that may be specified in the prospectus. Undistributed income and capital will be distributed on the next Distribution Date in which the total cash held for distribution meets or exceeds any applicable minimum that may be specified in the prospectus.

  The trust may make distributions that represent a return of capital for tax purposes to the extent of the Unitholder's basis in the Units, and any additional amounts in excess of basis would be taxed as a capital gain. Generally, you will treat all capital gains dividends as long-term capital gains regardless of how long you have owned your Units. Unitholders should consult with their individual tax advisors.

The trust portfolio is provided for informational purposes only and should not be deemed as a recommendation to buy or sell the individual securities shown above.


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.

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.

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.

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 is concentrated in securities issued by companies in the financials sector. Companies in the financials sector face risks such as the potential adverse effects of economic recession, volatile interest rates, and state and federal regulations.

The Portfolio is concentrated in securities issued by companies in the telecommunications sector. Companies in the telecommunications sector face risks such as rapid product obsolescence, intense competition, increased governmental regulation, rapid price volatility, and consolidation.

The Portfolio is concentrated in securities issued by companies in the utility sector. Companies related to the utility or energy industries face risks such as increased competition, increases in fuel and other operating costs, governmental regulations, and natural disasters.

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.

Dow Jones U.S. Index is a product of S&P Dow Jones Indices, a licensed trademark of CME Group Index Services LLC (CME), and has been licensed for use for certain purposes by Invesco and the trust. The trust, based on the Dow Jones U.S. Total Market Index, the Dow Jones U.S. Basic Material Index, the Dow Jones U.S. Consumer Goods Index, the Dow Jones U.S. Consumer Services Index, the Dow Jones U.S. Oil & Gas Index, the Dow Jones U.S. Financials Index, the Dow Jones U.S. Health Care Index, the Dow Jones U.S. Industrials Index, the Dow Jones U.S. Technology Index, the Dow Jones U.S. Telecommunications Index and the Dow Jones U.S. Utilities Index, are not sponsored, endorsed, sold or promoted by Dow Jones, CME, or their respective affiliates, and Dow Jones, CME, and their respective affiliates make no representation regarding the advisability of investing in such product.

Historical Pricing

From   to

Distributions

From   to

LIQUIDATION PRICE
Represents the value per unit that a unitholder would receive if the unitholder redeemed or sold units. This price is equal to the net asset value per unit plus any remaining organization costs and creation and development fee. This price reflects any remaining deferred sales charges payable in connection with a liquidation of units.

OFFER PRICE
Represents the net asset value per unit plus any applicable organization costs and sales charges. This is the regular public offering price per unit paid to purchase units. This price is often subject to certain sales charge discounts described in a trust prospectus.

NET ASSET VALUE (NAV)
Represents the value per unit of a trust's portfolio securities and other assets reduced by trust expenses and other liabilities, including remaining organization costs, deferred sales charges and creation and the development fee.


This page contains historical pricing or historical income distributions information for the unit trust listed above. It should not be used for federal or state tax purposes. Please contact your financial advisor for tax information.

This information does not constitute an offer to sell, or a solicitation of an offer to buy securities in any state, or other jurisdiction to any person to whom it is not lawful to make such an offer. A trust that contains a state name in the trust name is generally available for sale only to investors in that state. The information shown may relate to a trust that is no longer offered to the public. In such a case, this information does not constitute an offer to sell, or a solicitation of an offer to buy units of the trust.

1The Historical 12 Month Distributions figure is for illustrative purposes only and is not indicative of the trust's actual distributions. For a trust deposited after April 1, 2019, and effective July 31, 2019 for all other trusts, this per unit amount is based upon the weighted average of the actual distributions paid by the securities included in the trust over the 12 months preceding the trust's deposit date, and is reduced to account for the effects of fees and expenses which will be incurred when investing in the trust. The Historical 12 Month Distributions figure is as of the date listed in the prospectus during the trust's initial offering period, and is updated each calendar quarter following the close of the trust's initial offering period. There is no guarantee the issuers of the securities included in the trust will declare dividends or distributions in the future. The distributions paid by the trust may be higher or lower than the Historical 12 Month Distributions amount shown due to certain factors that may include, but are not limited to, a change in the dividends or distributions paid by issuers, actual expenses incurred, currency fluctuations, the sale of trust securities to pay any deferred sales charges, trust fees and expenses, variations in the trust's per unit price, or with the call, maturity or the sale of securities in the trust.

2As of the close of business day prior to Initial Date of Deposit. The actual distributions you may receive will vary from any historical or estimated amount due to changes in the trust's fees and expenses, in actual income received by the trust, currency fluctuations and with changes in the trust such as acquisition or liquidation of securities. Distributions made by certain securities in the trust may include non-ordinary income.

  The trust will make distributions of income and capital on each specified Distribution Date to unitholders of record on the preceding Record Date, provided that the total cash held for distribution meets or exceeds any applicable minimum that may be specified in the prospectus. Undistributed income and capital will be distributed on the next Distribution Date in which the total cash held for distribution meets or exceeds any applicable minimum that may be specified in the prospectus.

  The trust may make distributions that represent a return of capital for tax purposes to the extent of the Unitholder's basis in the Units, and any additional amounts in excess of basis would be taxed as a capital gain. Generally, you will treat all capital gains dividends as long-term capital gains regardless of how long you have owned your Units. Unitholders should consult with their individual tax advisors.


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.

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.

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.

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 is concentrated in securities issued by companies in the financials sector. Companies in the financials sector face risks such as the potential adverse effects of economic recession, volatile interest rates, and state and federal regulations.

The Portfolio is concentrated in securities issued by companies in the telecommunications sector. Companies in the telecommunications sector face risks such as rapid product obsolescence, intense competition, increased governmental regulation, rapid price volatility, and consolidation.

The Portfolio is concentrated in securities issued by companies in the utility sector. Companies related to the utility or energy industries face risks such as increased competition, increases in fuel and other operating costs, governmental regulations, and natural disasters.

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.

Dow Jones U.S. Index is a product of S&P Dow Jones Indices, a licensed trademark of CME Group Index Services LLC (CME), and has been licensed for use for certain purposes by Invesco and the trust. The trust, based on the Dow Jones U.S. Total Market Index, the Dow Jones U.S. Basic Material Index, the Dow Jones U.S. Consumer Goods Index, the Dow Jones U.S. Consumer Services Index, the Dow Jones U.S. Oil & Gas Index, the Dow Jones U.S. Financials Index, the Dow Jones U.S. Health Care Index, the Dow Jones U.S. Industrials Index, the Dow Jones U.S. Technology Index, the Dow Jones U.S. Telecommunications Index and the Dow Jones U.S. Utilities Index, are not sponsored, endorsed, sold or promoted by Dow Jones, CME, or their respective affiliates, and Dow Jones, CME, and their respective affiliates make no representation regarding the advisability of investing in such product.

as of 10/17/2019

Cumulative Return (%)

Maximum Sales Charge: 1.85%
YTD (%) Since Deposit (%) 3 Mo (%) 6 Mo (%)
With Sales Charge -2.71
Without Sales Charge -1.38
Dow Jones U.S. Index -0.67
as of 10/17/2019

Average Annual Return (%)

1 Yr (%) 5 Yr (%) 10 Yr (%) Since Deposit (%)
With Sales Charge
Without Sales Charge
Dow Jones U.S. Index

The performance data quoted for the individual series of a trust that has not terminated or has an open termination date is from the deposit date through the current date quoted. For individual series that have terminated, performance data quoted is from the deposit date through the termination date.

Performance data quoted represents past performance, which is no guarantee of future results. Investment returns and principal value will fluctuate and units, when redeemed, may be worth more or less than their original cost.

Returns are cumulative total returns (not annualized) unless labeled as average annual total returns. All returns reflect trust expenses as incurred and assume reinvestment of income and principal distributions, except for trusts that do not offer the option of reinvesting distributions into additional trust units. Please see the related trust prospectus for additional information. Returns do not reflect taxes.

A trust's performance, especially for short time periods, should not be the sole factor in making your investment decision. Please keep in mind that high, double-digit returns are highly unusual and cannot be sustained. Investors should also be aware that these returns were primarily achieved during favorable market conditions.

Returns With Sales Charge reflect the maximum sales charge that would be payable by an investor upon sale or redemption of units at the end of the applicable period(s). The sales charge includes any initial or deferred sales charges other than creation and development fee. These returns do not reflect any creation and development fee prior to collection (generally the close of the initial offering period). Any creation and development fee is reflected in the returns as of the time of payment. by a trust. These returns reflect any contingent deferred sales charges only if the charges would be payable upon a unit sale or redemption at or prior to the end of the applicable performance period(s). Certain trusts are no longer offered for sale to the public and, as a result, do not publish an offer price or have a sales charge. In these cases, returns will not reflect a sales charge if a trust was not actually offered for sale to the public on the first day of the applicable period because units of the trust could not have been purchased by an investor at that time. These returns will show 'N/A' for With Sales Charge data

Returns Without Sales Charge do not reflect any sales charge and do not reflect any creation and development fee prior to collection (generally the close of the initial offering period). Any creation and development fee is reflected in the returns as of the time of payment by a trust.

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. Certain trusts are unmanaged and their portfolios are not intended to change during the trusts' lives except in limited circumstances. Certain trusts are passively managed and seek to track their target index during the trust's life. For a more complete discussion of the risks of investing in this trust, click on the Fact Card.

Performance Calculator

From   to
  Total Return (%)
With Sales Charge -2.71
Without Sales Charge -1.38
Dow Jones U.S. Index -0.67

1The Historical 12 Month Distributions figure is for illustrative purposes only and is not indicative of the trust's actual distributions. For a trust deposited after April 1, 2019, and effective July 31, 2019 for all other trusts, this per unit amount is based upon the weighted average of the actual distributions paid by the securities included in the trust over the 12 months preceding the trust's deposit date, and is reduced to account for the effects of fees and expenses which will be incurred when investing in the trust. The Historical 12 Month Distributions figure is as of the date listed in the prospectus during the trust's initial offering period, and is updated each calendar quarter following the close of the trust's initial offering period. There is no guarantee the issuers of the securities included in the trust will declare dividends or distributions in the future. The distributions paid by the trust may be higher or lower than the Historical 12 Month Distributions amount shown due to certain factors that may include, but are not limited to, a change in the dividends or distributions paid by issuers, actual expenses incurred, currency fluctuations, the sale of trust securities to pay any deferred sales charges, trust fees and expenses, variations in the trust's per unit price, or with the call, maturity or the sale of securities in the trust.

2As of the close of business day prior to Initial Date of Deposit. The actual distributions you may receive will vary from any historical or estimated amount due to changes in the trust's fees and expenses, in actual income received by the trust, currency fluctuations and with changes in the trust such as acquisition or liquidation of securities. Distributions made by certain securities in the trust may include non-ordinary income.

  The trust will make distributions of income and capital on each specified Distribution Date to unitholders of record on the preceding Record Date, provided that the total cash held for distribution meets or exceeds any applicable minimum that may be specified in the prospectus. Undistributed income and capital will be distributed on the next Distribution Date in which the total cash held for distribution meets or exceeds any applicable minimum that may be specified in the prospectus.

  The trust may make distributions that represent a return of capital for tax purposes to the extent of the Unitholder's basis in the Units, and any additional amounts in excess of basis would be taxed as a capital gain. Generally, you will treat all capital gains dividends as long-term capital gains regardless of how long you have owned your Units. Unitholders should consult with their individual tax advisors.


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.

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.

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.

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 is concentrated in securities issued by companies in the financials sector. Companies in the financials sector face risks such as the potential adverse effects of economic recession, volatile interest rates, and state and federal regulations.

The Portfolio is concentrated in securities issued by companies in the telecommunications sector. Companies in the telecommunications sector face risks such as rapid product obsolescence, intense competition, increased governmental regulation, rapid price volatility, and consolidation.

The Portfolio is concentrated in securities issued by companies in the utility sector. Companies related to the utility or energy industries face risks such as increased competition, increases in fuel and other operating costs, governmental regulations, and natural disasters.

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.

Dow Jones U.S. Index is a product of S&P Dow Jones Indices, a licensed trademark of CME Group Index Services LLC (CME), and has been licensed for use for certain purposes by Invesco and the trust. The trust, based on the Dow Jones U.S. Total Market Index, the Dow Jones U.S. Basic Material Index, the Dow Jones U.S. Consumer Goods Index, the Dow Jones U.S. Consumer Services Index, the Dow Jones U.S. Oil & Gas Index, the Dow Jones U.S. Financials Index, the Dow Jones U.S. Health Care Index, the Dow Jones U.S. Industrials Index, the Dow Jones U.S. Technology Index, the Dow Jones U.S. Telecommunications Index and the Dow Jones U.S. Utilities Index, are not sponsored, endorsed, sold or promoted by Dow Jones, CME, or their respective affiliates, and Dow Jones, CME, and their respective affiliates make no representation regarding the advisability of investing in such product.

From 12/31/1992 - 12/31/2018
(Source Bloomberg, L.P.)

Hypothetical Performance of
$10,000 Investment

Annual Total Return

Standard Deviation Strategy (%) Dow Jones U.S. Index (%)
12/31/1992 - 12/31/2018 28.38 17.77
Annual Total Return Strategy (%) Dow Jones U.S. Index (%)
12/31/1993 25.40 9.78
12/31/1994 2.94 0.21
12/31/1995 41.26 36.62
12/31/1996 20.38 22.02
12/31/1997 38.73 31.81
12/31/1998 28.40 24.90
12/31/1999 119.40 22.72
12/31/2000 11.03 -9.23
12/31/2001 11.89 -11.95
12/31/2002 -0.56 -22.08
12/31/2003 50.72 30.75
12/31/2004 17.25 12.01
12/31/2005 11.86 6.33
12/31/2006 17.35 15.63
12/31/2007 0.41 6.14
12/31/2008 -37.04 -37.15
12/31/2009 38.60 28.82
12/31/2010 25.16 16.72
12/31/2011 -8.29 1.38
12/31/2012 12.71 16.56
12/31/2013 35.39 32.96
12/31/2014 5.75 12.94
12/31/2015 -1.19 0.62
12/31/2016 16.71 12.24
12/31/2017 16.81 21.48
12/31/2018 -21.88 -4.98
09/30/2019 12.29 20.36
for the period ending 12/31/2018

Average Annual Total Return

Average Annual Return Strategy (%) Dow Jones U.S. Index (%)
1 Year -21.88 -4.98
3 Year 2.12 9.02
5 Year 2.16 8.04
10 Year 10.45 13.28
15 Year 6.65 8.05
20 Year 12.60 5.98
25 Year 15.08 9.08

The above graph represents a hypothetical $10,000 investment in the trust strategy (not any actual trust) and the associated benchmark over the period indicated in the graph. The graph assumes the sum of the initial investment ($10,000) and all dividends (including those on stocks trading ex-dividend as of the last day of the year) and appreciation during a year are reinvested at the end of that year.

All strategy performance is hypothetical (not any actual trust) and reflects trust sales charges (full sales charge in first year of 2.95% and reduced rollover charge thereafter of 1.95%) and expenses but not brokerage commissions on stocks or taxes. Past performance is no guarantee of future results. Actual returns will vary from hypothetical strategy returns due to timing differences and because the trust may not be invested equally in all stocks or be fully invested at all times. In any given year the strategy may lose money or underperform the index. Returns are calculated by taking year-end prices, subtracting them from the prices at the end of the following year (adjusting for any stock splits that might have occurred during the year) and adding dividends received for the period divided by starting price. Average annual total return and total return measure change in the value of an investment plus dividends, assuming quarterly reinvestment of dividends. Average annual total return reflects annualized change while total return reflects aggregate change and is not annualized. Standard deviation is a measure of volatility that represents the degree to which an investment's performance has varied from its average performance over a particular period. Standard deviation does not compare the volatility of an investment relative to other investments or the overall stock market. The more an investment's return varies from the investment's average return, the more volatile the investment. Standard deviation is based on past performance and is no guarantee of future results.

Please keep in mind that high, double-digit and/or triple-digit returns are highly unusual and cannot be sustained. Investors should also be aware that these returns were primarily achieved during favorable market conditions.

Indices 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. The historical performance of the indices are shown for illustrative purposes only; it is not meant to forecast, imply or guarantee the future performance of any particular investment or the trust, which will vary.

1The Historical 12 Month Distributions figure is for illustrative purposes only and is not indicative of the trust's actual distributions. For a trust deposited after April 1, 2019, and effective July 31, 2019 for all other trusts, this per unit amount is based upon the weighted average of the actual distributions paid by the securities included in the trust over the 12 months preceding the trust's deposit date, and is reduced to account for the effects of fees and expenses which will be incurred when investing in the trust. The Historical 12 Month Distributions figure is as of the date listed in the prospectus during the trust's initial offering period, and is updated each calendar quarter following the close of the trust's initial offering period. There is no guarantee the issuers of the securities included in the trust will declare dividends or distributions in the future. The distributions paid by the trust may be higher or lower than the Historical 12 Month Distributions amount shown due to certain factors that may include, but are not limited to, a change in the dividends or distributions paid by issuers, actual expenses incurred, currency fluctuations, the sale of trust securities to pay any deferred sales charges, trust fees and expenses, variations in the trust's per unit price, or with the call, maturity or the sale of securities in the trust.

2As of the close of business day prior to Initial Date of Deposit. The actual distributions you may receive will vary from any historical or estimated amount due to changes in the trust's fees and expenses, in actual income received by the trust, currency fluctuations and with changes in the trust such as acquisition or liquidation of securities. Distributions made by certain securities in the trust may include non-ordinary income.

  The trust will make distributions of income and capital on each specified Distribution Date to unitholders of record on the preceding Record Date, provided that the total cash held for distribution meets or exceeds any applicable minimum that may be specified in the prospectus. Undistributed income and capital will be distributed on the next Distribution Date in which the total cash held for distribution meets or exceeds any applicable minimum that may be specified in the prospectus.

  The trust may make distributions that represent a return of capital for tax purposes to the extent of the Unitholder's basis in the Units, and any additional amounts in excess of basis would be taxed as a capital gain. Generally, you will treat all capital gains dividends as long-term capital gains regardless of how long you have owned your Units. Unitholders should consult with their individual tax advisors.


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.

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.

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.

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 is concentrated in securities issued by companies in the financials sector. Companies in the financials sector face risks such as the potential adverse effects of economic recession, volatile interest rates, and state and federal regulations.

The Portfolio is concentrated in securities issued by companies in the telecommunications sector. Companies in the telecommunications sector face risks such as rapid product obsolescence, intense competition, increased governmental regulation, rapid price volatility, and consolidation.

The Portfolio is concentrated in securities issued by companies in the utility sector. Companies related to the utility or energy industries face risks such as increased competition, increases in fuel and other operating costs, governmental regulations, and natural disasters.

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.

Dow Jones U.S. Index is a product of S&P Dow Jones Indices, a licensed trademark of CME Group Index Services LLC (CME), and has been licensed for use for certain purposes by Invesco and the trust. The trust, based on the Dow Jones U.S. Total Market Index, the Dow Jones U.S. Basic Material Index, the Dow Jones U.S. Consumer Goods Index, the Dow Jones U.S. Consumer Services Index, the Dow Jones U.S. Oil & Gas Index, the Dow Jones U.S. Financials Index, the Dow Jones U.S. Health Care Index, the Dow Jones U.S. Industrials Index, the Dow Jones U.S. Technology Index, the Dow Jones U.S. Telecommunications Index and the Dow Jones U.S. Utilities Index, are not sponsored, endorsed, sold or promoted by Dow Jones, CME, or their respective affiliates, and Dow Jones, CME, and their respective affiliates make no representation regarding the advisability of investing in such product.

as of 10/17/2019

ESRO0194

  • Offer Price $9.90370
  • Fee Based Price $9.77050
  • Liquidation Price $9.77050

Trust Specifics

  • Sep 12, 2019 Deposit Date
  • Sep 12, 2019 -
    Dec 11, 2019
    Scheduled
    Primary Offering
    Period
  • IENHTX NASDAQ Symbol
  • 15 months Term of Trust
  • Dec 14, 2020 Termination Date
  • Tax Status:
    Regulated Investment Company
  • 1.85% Brokerage Sales Charge
  • $0.13500 Deferred Sales Charge
    (Per Unit)
  • 0.50% Creation & Development
    Fee
  • 0.50% Fee Based Sales Charge
  • $0.206090 Historical 12 Month
    Dist.1
  • 2.08% Brokerage Historical
    12 Month Dist. Rate
  • 2.11% Fee Based Historical
    12 Month Dist. Rate 
  • Jan 25, 2020 Initial Payable Date2
  • Jan 10, 2020 Initial Record Date2
  • CUSIPs:
    46144J348Cash
    46144J355Reinvest
    46144J363Fee Based Cash
    46144J371Fee Based Reinvest
Investors in fee-based accounts will not be assessed the initial or deferred sales charges for eligible fee-based purchases and must purchase units with a Fee Based CUSIP.