Invesco U.S. Quantitative Small Value Trust

There is a risk that you could lose all or a portion of your investment in the Fund. The value of your investment in the fund will go up and down with the prices of the securities in which the fund invests. Listed below are some of the principal risks associated with investing in the Fund.

General Investment Risk. Investors could lose all or a portion of their investment in the Fund. Investors should not invest in the Fund unless they can readily bear the consequences of such loss.

Suitability Risk. Investors are expected to select investments whose investment strategies are consistent with their financial goals and risk tolerance.

Market Risk. The prices of securities held by the Fund may go down due to general market and economic conditions.

Equity Securities Risk. Equity security prices change due to the earnings of the issuer, the value of its assets, economic conditions, interest rates, investor perceptions and market liquidity.

Quantitative Investing Risk. Holdings selected by quantitative analysis may perform differently from the market as a whole based on the factors used in the analysis, the weighting of each factor, and how the factors have changed over time.

Value Investing Risk. The Fund invests in ""value"" stocks, which can continue to be inexpensive for long periods of time and may never realize their full value.

Market Capitalization Risk. Investment in small or mid-sized companies can involve short operating histories or track records, limited products, less publicly available information, and illiquidity.

Risks Associated with Investing in Smaller Capitalized Issuers. Investing in a fund that invests in smaller companies involves risks not associated with investing in more established companies, such as business risk, stock price fluctuations and illiquidity.

Derivatives Risk. For some derivatives, the Fund could lose more than the amount invested. If the Fund uses derivatives to ""hedge"" portfolio risk, the hedge may not succeed.

Leverage Risk. Leveraging magnifies changes, favorable or unfavorable, in the value of the portfolio's securities.

Management Risk. The investment techniques and risk analyses used by the Fund's portfolio managers may not produce the desired results.

Securities Lending Risk. The Fund or the vehicles in which it invests may may participate in securities lending programs. The lending fund bears the risk of investment loss associated with any reinvestment of securities lending collateral held by the lending fund.

Increase in Expenses Risk. The actual cost of investing may be higher than the expenses listed in the expense table for a variety of reasons, including termination of a voluntary fee waiver or losing portfolio fee breakpoints if average net assets decrease. The risk of expenses increasing because of a decrease in average net assets is heightened when markets are volatile.

Not FDIC Insured Risk. The investment is not a deposit or obligation of, or guaranteed or endorsed by, any bank and is not insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other U.S. governmental agency.

Accounts of Affiliates of the Investment Manager. Affiliated managers may trade in securities at the same time as the Fund and, therefore, may potentially affect prices or available opportunities.

No Securities Registration. The Fund is exempt from registration with the SEC. Units of the Fund are exempt from registration with the SEC. Neither is registered with any state securities regulator.

No CFTC Registration. The Fund is not registered as a commodity pool with the CFTC because the Trustee is exempt from having to register as a commodity pool operator under CFTC Rule 4.5.