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

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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 * 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. Taxable unit trusts Invesco taxable Unit Trusts have the following characteristics: • For IGST, IGLM and IGLT trusts, a portfolio of investment grade corporate and municipal bonds selected from an available inventory of potentially hundreds of high quality issues • A portfolio that delivers a potentially consistent level of income paid monthly 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 cur- rent 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.
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