Unit Trusts Celebrating 40+ Years in Unit Trusts Fixed Income Solutions

Invesco Unit Trusts Celebrating 40+ years in unit trusts Fixed income solutions

A Fixed Income Unit Trust is an investment that combines the benefits Invesco’s experience in fixed income of owning individual bonds with the diversification and professional Unit Trusts is unparalleled. Invesco helped pioneer the fixed income selection of an open-end mutual fund. Fixed Income Unit Trusts can be Unit Trust in 1976, and has since an attractive alternative to mutual funds and individual bonds and offer deposited more than 5,400 fixed several potential advantages. income trusts with over $46 billion in initial deposits and more than $22 billion in income paid out to unitholders as of June 30, 2017. In our history, we have had very Individual bonds Mutual funds • Semi-annual income payment • Income payments can rise few defaults on bonds selected for • No ongoing fees or fall depending on flows fixed income trust portfolios. • Liquidity is dependent on and interest rate environment market demand • Actively managed portfolio Experience and prudence has kept • Bond prices include markups • Ongoing offering with no our municipal investments 99.96% and markdowns on the buy maturity date default-free and our corporate and sell side • Administration & management fees 1 • Many bonds are offered typically higher than unit trusts investments 99.79% default-free. in $5,000 increments • Fixed maturity date Of course, past performance is no • Investments are liquid guarantee of future results. and able to be bought and sold the days the Invesco has consistently offered market is open high quality municipal Unit Trusts • Anticipated • Monthly income along with investment grade periodic fixed distributions corporate bond portfolios. interest payment • Contains many until first individual bonds Invesco deposited over 80 fixed redemption or call • Professionally • Known/fixed selected portfolio income unit trusts in 2016. portfolio and initial • Industry and par value per unit geography A fixed income unit trust is an diversification investment solution that may offer you… Fixed income unit trusts • Fully invested, defined, and • A defined and transparent basket transparent portfolio of diversified bonds • Typically lower administrative fees (25–30 basis points per unit) • The potential for consistent • Sales charge is built into the monthly income payments purchase price • Trust typically terminates with • A defined initial par value per unit call/maturity of last bond in trust based on the maturity value of the bonds in the trust • A professionally selected and professionally monitored portfolio

1 Source: Internal Invesco Database; Municipals Jan. 1, 1976 – Dec. 31, 2016 (entire history) and Corporates Jan. 1, 2001 – Dec. 31, 2016 Tax-exempt unit trusts Invesco tax-exempt Unit Trusts have the following characteristics: • A portfolio of high quality tax-exempt bonds selected from an available marketplace of hundreds of investment grade municipal issues • A portfolio of municipal issues that tends to be diversiﬁed by sector, purpose and geography • A portfolio that delivers a potentially consistent level of monthly income that is tax-exempt* and Alternative Minimum Tax (AMT) free *Income from certain trusts may be subject to state and/or local tax.

Tax-Exempt Unit Trusts

Unit Trust Investment Grade Municipal Trust, 20+ Year (IGMT) Quality Municipal Income Trust, 20+ Year (QUAL) Objective The trust is a diversified portfolio of long-term bonds The trust is a diversified portfolio of long-term bonds that seeks to provide federal tax-exempt income and to that seeks to provide federal tax-exempt income and to preserve capital. preserve capital. Snapshot A diversified portfolio of long-term municipal bonds A diversified portfolio of long-term municipal bonds Offers potential for predictable monthly tax-exempt income Offers potential for predictable monthly tax-exempt income Alternative Minimum Tax (AMT) free Alternative Minimum Tax (AMT) free Tax Exempt federal and state of residence Exempt federal and state of residence Bond ratings* Investment grade or higher A-/A3 or higher Call protection 5 years minimum 5 years minimum of bonds in unit trusts Maturity of bonds Long-term 15–40 years Long-term 15–40 years in portfolio Quality Municipals Limited Maturity Income Trust, Insured Municipals Income Trust (IMIT) Unit Trust 10-20 Year (QMLM) Objective The trust is a diversified portfolio of intermediate-term The trust is a diversified portfolio of insured long-term bonds that seeks to provide federal tax-exempt income bonds that seeks to provide federal tax-exempt income and and to preserve capital. to preserve capital. Snapshot A diversified portfolio of intermediate-term municipal bonds A diversified portfolio of insured long-term municipal bonds Offers potential for predictable monthly tax-exempt income Offers potential for predictable monthly tax-exempt income Alternative Minimum Tax (AMT) free Alternative Minimum Tax (AMT) free Tax Exempt federal and state of residence Exempt federal and state of residence Bond ratings* A-/A3 or higher Insured Ratings (A-/A3 or higher) Underlying Ratings (Investment Grade or higher) Call protection 5 years minimum 5 years minimum of bonds in unit trusts Maturity of bonds Limited-term 12–18 years Long-term 15–40 years in portfolio Unit Trust Investment Grade Municipal Trust, 7–13 Year (IGIN) Investment Grade Municipal Trust, 10–20 Year (IGTT) Objective The trust is a diversified portfolio of intermediate-term The trust is a diversified portfolio of limited-term bonds that bonds that seeks to provide federal tax-exempt income seeks to provide federal tax-exempt income and to preserve and to preserve capital. capital. Snapshot A diversified portfolio of intermediate-term municipal bonds A diversified portfolio of intermediate-term municipal bonds Offers potential for predictable monthly tax-exempt income Offers potential for predictable monthly tax-exempt income Alternative Minimum Tax (AMT) free Alternative Minimum Tax (AMT) free Tax Exempt federal and state of residence Exempt federal and state of residence Bond ratings* Investment grade or higher Investment grade or higher Call protection 5 years minimum 5 years minimum of bonds in unit trusts Maturity of bonds Intermediate-term 7–13 years Long-term 12–18 years in portfolio

Taxable unit trusts

Investment Grade Income Trust, Investment Grade Income Trust, Investment Grade Income Trust, Unit Trust 7-13 Year (IGST) 10-20 Year (IGLM) 20+ Year (IGLT) Objective The trust is a diversified portfolio of The trust is a diversified portfolio of The trust is a diversified portfolio of intermediate-term bonds that seeks limited maturity bonds that seeks to long-term bonds that seeks to pro- to provide a high level of current provide a high level of current income vide a high level of current income income and to preserve capital. and to preserve capital. and to preserve capital. Snapshot A diversified portfolio of intermediate- A diversified portfolio of limited A diversified portfolio of long-term term investment grade bonds maturity investment grade bonds investment grade bonds Offers potential for predictable Offers potential for predictable Offers potential for predictable monthly income monthly income monthly income Tax Income level Income level Income level Bond ratings* Investment grade or higher Investment grade or higher Investment grade or higher Call protection 5 years minimum 5 years minimum 5 years minimum of bonds in unit trusts Maturity of bonds Intermediate-term 7–13 years Limited Maturity 10–20 years Long-term 20–30 years in portfolio Investment Grade Corporate Trust, Investment Grade Corporate Trust, High Yield Corporate Trust, 4–7 Unit Trust 3–7 Year (IGSC) 5–8 Year (HIGT) Year (HYCT) Objective The trust is a diversified portfolio of The trust is a diversified portfolio of The trust is a diversified portfolio of intermediate-term taxable bonds that intermediate-term taxable bonds that intermediate-term taxable bonds that seeks to provide a high level of cur- seeks to provide a high level of current seeks to provide a high level of current income and to preserve capital. income and to preserve capital. rent income and to preserve capital. Snapshot A diversified portfolio of intermediate- A diversified portfolio of intermediate- A diversified portfolio of intermediate- term taxable bonds term taxable bonds term taxable bonds Offers potential for predictable Offers potential for predictable Offers potential for predictable monthly income monthly income monthly income Tax Income level Income level Income level Bond ratings* Investment grade or higher Investment grade or higher Below investment grade Call protection 5 years minimum 5 years minimum 3 years minimum of bonds in unit trusts Maturity of bonds Intermediate-term 3–7 years Intermediate-term 5–8 years Intermediate-term 4–7 years in portfolio

* Bond ratings reflect the minimum quality of underlying securities in the portfolio as of the date of deposit. A bond’s rating may change after its inclusion in a trust. Please refer to a trust’s prospectus for applicable bond rating criteria. In certain of the trusts, bonds that were not rated, but with credit characteristics sufficiently similar to those of comparable bonds that were so rated, may be selected for inclusion in that particular trust. About risk (all Fixed Income Trusts) There is no assurance a trust will achieve its investment objective. An investment in 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 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 a trust. An investment in a trust should be made with an understanding of the risks associated therewith, such as the inability of the issuer or an insurer to pay the principal of or interest on a bond when due, volatile interest rates, early call provisions and changes to the tax status of the bonds. In particular, Qualified Bonds may be redeemed approximately three years after issuance to the extent an issuer has unexpended bond sale proceeds. Investments in a trust may be subject to interest rate risk. If interest rates rise, the value of the bonds in a trust may decline and if interest rates decline the value of the bonds may increase. Also, the longer the period to maturity, the greater the sensitivity to interest rate changes tends to be. During periods of market turbulence, corporate bonds may experience illiquidity and volatility. During such periods, there can be uncertainty in assessing the financial condition of an issuer. As a result, the ratings of the bonds in the trust’s portfolio may not accurately reflect an issuer’s current financial condition, prospects, or the extent of the risks associated with investing in such issuer’s securities. The actual trust portfolios may be concentrated in certain types of bond issues or issuers from particular states. The the extent an actual portfolio does so, it is more susceptible to economic, political, regulatory and other occurrences influencing those types of issuers. A portfolio concentrated in a single market may present more risk than a portfolio broadly diversified over several market sectors. Investment Grade Municipal Trust, 7-13 Year (IGIN), Investment Grade Municipal Trust, 20+ Year (IGMT), Quality Municipals Income Trust, 10-20 Year (QMLM), Quality Municipal Income Trust, 20+ Year (QUAL) and Investment Grade Municipal Trust, 10-20 Year (IGTT): A portion of your interest may be subject to state and local taxes. Insured Municipals Income Trust (IMIT): A portion of your interest may be subject to state and local taxes. The insurance provides coverage for the bonds held by the trust, not on units of the trust. Investment Grade Corporate Trust, 5-8 Year (HIGT): Although the underlying securities in the portfolio are rated at or above the minimum credit quality as of the date of deposit, the ratings may change after inclusion in the trust. High Yield Corporate Trust, 4–7 Year (HYCT): The trust invests in bonds rated below investment grade and are considered to be “junk” bonds. Bonds rated below “BBB-” by Standard & Poor’s and Fitch, or below “Baa3” by Moody’s, are considered to be below investment grade. These bonds 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 bonds. In addition, these bonds may be more sensitive to interest rate changes and may be more likely to make early returns of principal. The Trust’s price per Unit, yield and return may fluctuate more than in a trust consisting of investment grade bonds. Investment Grade Income Trust, 7-13 Year (IGST), Investment Grade Income Trust, 10-20 Year (IGLM), Investment Grade Income Trust. 20+ Year (IGLT) and Investment Grade Corporate Trust, 3–7 Year (IGSC): Should the issuer of a Build America Bond or Qualified Bond fail to continue to meet the applicable requirements imposed on the bonds as provided by the American Recovery & Reinvestment Act of 2009, it is possible that such issuer may not receive federal cash subsidy payments, impairing the issuer’s ability to make scheduled interest payments. A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect to debt obligations, including specific securities, money market instruments or other debts. Ratings are measured on a scale that generally ranges from AAA/ Aaa (highest) to D/C (lowest); ratings are subject to change without notice. For more information on Standard and Poor’s rating methodology, please visit www. standardandpoors.com and select “Understanding Ratings” under Rating Resources on the homepage or Moody’s at www.moodys.com and select “Rating Methodology” under Research and Ratings on the homepage. “Investment Grade” is a rating that indicates that a municipal or corporate bond has a relatively low risk of default. Bond rating firms, such as Standard & Poor’s, use different designations consisting of upper- and lower-case letters “A” and “B” to identify a bond’s credit quality rating. “AAA” and “AA” (high credit quality) and “A” and “BBB” (medium credit quality) are considered investment grade. Credit ratings for bonds below these designations (“BB”, “B”, “CCC”, etc.) are considered low credit quality, and are commonly referred to as “junk bonds”. Discount fixed income unit trusts may realize gains when a municipal bond is sold, is called or matures and unit holders may incur a tax liability from time to time. “Call Protection” is a protective provision of a callable security prohibiting the issuer from calling back the security for a period early in its life. “Non-callable” is a security that cannot be called by the issuer prior to maturity. ”Make-whole” (provision) is a type of call provision on a bond allowing the borrower to pay off remaining debt early. The borrower has to make a lump sum payment derived from a formula based on the net present value (NPV) of future coupon payments that will not be paid because of the call. The various types of investments presented involve different types of risk. Municipals and corporates each involve the individual credit risk of the municipal or corporate borrower and the general interest rate risk of lower security prices due to rising interest rates. While Treasuries are backed by the full faith and credit of the U.S. Government as to the timely payment of principal and interest, these securities are also subject to interest rate risk. Due to the variation in state and local taxes, their impact on returns was not explicitly analyzed. Corporate bonds and equities are generally subject to both Federal and state income taxes. Municipals are assumed to be exempt from Federal but subject to state income taxes, although in many states, in-state municipals are not subject to state income taxes. Treasuries are subject to Federal, but not state income taxes. Given this exemption from state income taxes, Treasury and Treasury/equity mixes will improve relative to other asset classes and combinations. Please see a tax-exempt fixed income trust’s Information Supplement for a discussion of situations in which the trust may designate previously distributed interest income during the year as taxable net capital gain in order to satisfy certain of the annual distribution requirements for regulated investment companies. Invesco does not provide tax advice. The tax information contained herein is general and is not exhaustive by nature. It was not intended or written to be used, and it cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer under U.S. federal tax laws. Federal and state tax laws are complex and constantly changing. You should always consult your own legal or tax advisor for information concerning your individual situation.

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/unittrust. Information contained herein and in the preliminary prospectus is subject to completion or amendment. A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or a solicitation of an offer to buy; nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. 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 wholly owned, indirect subsidiaries of Invesco Ltd. invesco.com/us U-UITFICLIENT-BRO-1 07/17 US8465