Invesco Unit Trusts

Risk considerations There is no assurance a trust will achieve its investment of lower security prices due to rising interest rates. A history of stability in an objective. An investment in a unit investment trust is Due to the variation in state and local taxes, their impact subject to market risk, which is the possibility that the on returns was not explicitly analyzed. Corporate bonds unstable world market values of securities owned by a trust will decline and equities are generally subject to both Federal and and that the value of trust units may therefore be less state income taxes. Municipals are assumed to be exempt Our Intentional Investing approach than what you paid for them. Each trust is unmanaged from Federal but subject to state income taxes, although Intentional Investing is the philosophy that guides the way we and its portfolio is not intended to change during the in many states, in-state municipals are not subject to The last four decades have brought good times and bad manage money, manage risk, develop products and interact trust’s life except in limited circumstances. Accordingly, state income taxes. times, booms and busts — and through it all, investors in with our clients. you can lose money investing in a trust. “Investment Grade” is a rating that indicates that a our fixed income unit trusts have received regular income An investment in these trusts should be made with municipal or corporate bond has a relatively low risk of • Managing money. Our team of experienced analysts and 1 an understanding of the risks associated therewith, default. Bond rating firms, such as Standard & Poor’s, distributions that helped them meet their needs and traders assess a myriad of securities and select the most such as the inability of the issuer or an insurer to pay use different designations consisting of upper- and objectives. appropriate investments for each unit trust. We adhere to the principal of or interest on a bond when due, volatile lower-case letters “A” and “B” to identify a bond’s credit disciplined, transparent processes and pursue consistent, interest rates, early call provisions and changes to the quality rating. “AAA” and “AA” (high credit quality) and At Invesco Unit Trusts, we’re commemorating our repeatable results that are aligned with client expectations. 5,000th tax status of the bonds. In particular, Qualified School “A” and “BBB” (medium credit quality) are considered fixed income deposit by taking a look back at our 37-year • Managing risk. Our analysts conduct comprehensive, Construction Bonds may be redeemed approximately investment grade. Credit ratings for bonds below these history and the events we’ve helped investors navigate. fundamental issuer and security analysis and assign an internal three years after issuance to the extent an issuer has designations (“BB”, “B”, “CCC”, etc.) are considered SM Invesco credit rating for each bond independent of the ratings And we highlight the Intentional Investing philosophy unexpended bond sale proceeds. low credit quality, and are commonly referred to as that forms the foundation of our future. agencies. We have an active surveillance process that reviews As interest rates rise, bond prices fall. Investments in “junk bonds”. bonds’ credit quality for the life of our trusts. a trust may be subject to interest rate risk. If interest rates “Call Protection” is a protective provision of a callable • Developing products. We offer solutions for a wide range of rise, the value of the bonds in a trust may decline and if security prohibiting the issuer from calling back the investor needs. We have taxable and tax-exempt products, interest rates decline the value of the bonds may increase. security for a period early in its life. “Non-callable” is and we can provide exposure to a wide range of credit ratings, Also, the longer the period to maturity, the greater the a security that cannot be called by the issuer prior to durations, geographic locations, subcategories and sectors. sensitivity to interest rate changes tends to be. maturity. ”Make-whole” (provision) is a type of call Should the issuer of a Build America Bond or Qualified provision on a bond allowing the borrower to pay off • Interacting with clients. Whatever level of information you School Construction Bond fail to continue to meet remaining debt early. The borrower has to make a lump need, Invesco provides it. We offer a wealth of product the applicable requirements imposed on the bonds as sum payment derived from a formula based on the net data, educational materials about unit trusts, sector-specific provided by the American Recovery & Reinvestment Act present value (NPV) of future coupon payments that will commentaries and broad market views. of 2009, it is possible that such issuer may not receive not be paid because of the call. federal cash subsidy payments, impairing the issuer’s Invesco and its representatives do not provide tax ability to make scheduled interest payments. advice. Individuals should consult their personal tax A trust may concentrate in bonds of a particular type advisors before making any tax-related investment of issuer. This makes a trust less diversified and subject decisions. Invesco does not provide investment advice. to greater risk than a more diversified portfolio. Invesco’s history of offering unit investment trusts Discount fixed income unit trusts may realize gains was acquired through its predecessor firm, Van Kampen when a municipal bond is sold, is called or matures and Funds Inc., in June 2010 by Invesco Ltd. Invesco unit unit holders may incur a tax liability from time to time. investment trusts are distributed by the sponsor, The various types of investments presented involve Van Kampen Funds Inc., and broker dealers including different types of risk. Municipals and corporates each Invesco Distributors, Inc. Both firms are wholly owned, involve the individual credit risk of the municipal or indirect subsidiaries of Invesco Ltd. corporate borrower and the general interest rate risk

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. Note: Not all products, materials or services available at all firms. Advisors, please contact your home office. All data provided by Invesco unless otherwise noted. 1 Of course past performance is not indicative of future results. Regular income payments have helped investors with stability in their overall investment portfolios. invesco.com/us U-HISTORY-BRO-1 06/12 Invesco Distributors, Inc. 8892 Invesco Unit Trusts — e xperience that matters

We’ve witnessed many difficult economic events on The UIT opportunity our way to 5,000 fixed income deposits. And, as A fixed income unit trust is an investment that combines illustrated by our low fixed income trust default rate1, certain benefits of owning individual bonds with the we’ve successfully guided investors through much of diversification and professional selection of an open-end the volatility. mutual fund.

In the mid-70s, we pioneered the first insured Fixed income unit trusts can be an attractive alternative tax-exempt municipal trusts. Although initial demand to both mutual funds and individual bonds and may offer was low, investors later flocked to insured municipal several potential advantages: investments after New York City nearly defaulted • A defined and transparent basket of diversified bonds in 1975. • A consistent monthly income payment We broke all contemporary industry records by • A defined par value based on the maturity value or the introducing a $125 million Insured Municipal Income bonds in the trust Trust (IMIT) in 1982, soon followed by an even larger • A professionally selected and professionally monitored $128.5 IMIT. portfolio

During tough economic times, our fixed income unit Fixed income investments through the unit trust package trusts weathered the 1987 savings and loan crisis, is our heritage. We are proud of our franchise, and the “dot.com” bubble in the early 2000s and the 2008 excited about the future. credit crunch, among other events. Through it all, we’ve remained an industry leader: In 2011, our Build America Bonds Trusts topped $4.1 billion in initial deposits across 111 trusts.

All told, we’ve distributed more than $18 billion in interest payments since 1976 through May 2012.

Invest With a Proven Leader in Unit Investment Trusts Experience and prudence has kept 99.92% of our municipal bonds2 and 99.67% of our corporate bonds3 default-free.

Invesco Unit Trust S&P Universe Bond Type Default Rate (%) Default Rate (%) Investment Grade Municipal Bonds 0.082 0.214

Investment Grade Corporate Bonds 0.333 3.605

For additional information, contact your financial advisor or visit invesco.com/unittrust.

Past performance is no guarantee of future results. Diversification does not ensure a profit or eliminate the risk of loss. 1 Internal Invesco Database; Municipals 01/01/76–12/31/11 (entire history) default rate of 0.08%. Corporates 01/01/01–12/31/11 default rate of 0.33% 2 Internal Invesco Database; Municipals 01/01/76–12/31/11 (entire history) 3 Internal Invesco Database; Corporates 01/01/01–12/31/11 4 S&P Investment Grade Municipal default rate; 25 year cumulative average default rate, which is the weighted average of every 25 year period between 1986–2011; from “U.S. Public Finance Defaults and Rating Transition Data: 2011 Update” published 3/22/2012 5 S&P Corporate Default Rate, 2001–2011 Cumulative Rate, from “Default, Transition, and Recovery: 2011 Annual Global Corporate Default Study and Rating Transitions” published 3/21/2012 Our Intentional Investing approach Intentional Investing is the philosophy that guides the way we manage money, manage risk, develop products and interact with our clients. • Managing money. Our team of experienced analysts and traders assess a myriad of securities and select the most appropriate investments for each unit trust. We adhere to disciplined, transparent processes and pursue consistent, repeatable results that are aligned with client expectations. • Managing risk. Our analysts conduct comprehensive, fundamental issuer and security analysis and assign an internal Invesco credit rating for each bond independent of the ratings agencies. We have an active surveillance process that reviews bonds’ credit quality for the life of our trusts. • Developing products. We offer solutions for a wide range of investor needs. We have taxable and tax-exempt products, and we can provide exposure to a wide range of credit ratings, durations, geographic locations, subcategories and sectors. • Interacting with clients. Whatever level of information you need, Invesco provides it. We offer a wealth of product data, educational materials about unit trusts, sector-specific commentaries and broad market views. Invesco Unit Trusts — e xperience that matters

We’ve witnessed many difficult economic events on The UIT opportunity our way to 5,000 fixed income deposits. And, as Since 1976, Invesco Has Sponsored More Than $43 Billion in Initial Deposits A fixed income unit trust is an investment that combines • Total Fixed Income Trusts 12/8/76 Through 5/31/12 • 10-Year Treasury Rate 9/30/75 Through 5/31/12 illustrated by our low fixed income trust default rate1, certain benefits of owning individual bonds with the we’ve successfully guided investors through much of diversification and professional selection of an open-end Number of Trusts Per Year (135 Average, 4,982 Total) 10-Year Rate (%) the volatility. mutual fund. 300 July 1976 April 1990 January 2000 20 Nation celebrates NASA launches World passes Y2K th In the mid-70s, we pioneered the first insured Fixed income unit trusts can be an attractive alternative Bicentennial. PCs Hubble Space Telescope www tests and celebrates 5,000 tax-exempt municipal trusts. Although initial demand 1981–1983 into orbit. August 1991 new millennium. July 2012 to both mutual funds and individual bonds and may offer IBM introduces the The fi rst webpage Invesco Unit Trusts is proud was low, investors later flocked to insured municipal several potential advantages: 250 personal computer (PC). publishes on the World to deposit our 5,000th fi xed investments after New York City nearly defaulted Apple introduces the Wide Web (www). income unit trust. • A defined and transparent basket of diversified bonds Macintosh. in 1975. 15 • A consistent monthly income payment We broke all contemporary industry records by • A defined par value based on the maturity value or the 200 introducing a $125 million Insured Municipal Income bonds in the trust Trust (IMIT) in 1982, soon followed by an even larger • A professionally selected and professionally monitored $128.5 IMIT. portfolio 150 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002002 20032003 200420004 2005 2006 2007 2008 2009 2010 2011 2012 During tough economic times, our fixed income unit Fixed income investments through the unit trust package trusts weathered the 1987 savings and loan crisis, is our heritage. We are proud of our franchise, and 9/30/75 the “dot.com” bubble in the early 2000s and the 2008 excited about the future. credit crunch, among other events. Through it all, 100 73 we’ve remained an industry leader: In 2011, our Build Deposits 10 From America Bonds Trusts topped $4.1 billion in initial 1/2/12 deposits across 111 trusts. September 2008 5 Google turns 10. Through 5/31/12 50 Google began organizing All told, we’ve distributed more than $18 billion in November 1989– July 1997 the world’s information, interest payments since 1976 through May 2012. 1982 August 1990 Hong Kong returns making it universally Sony and JVC Berlin Wall dismantled; to China, ending more JanuaryJ 200220200002 accessible online bring fi rst consumer East and West than 150 years of The euro enters September 4, 1998. 5/31/12 0 12/8/76 camcorders to market. Germany reunites. British control. circulation. 1.57% Invest With a Proven Leader in Unit Investment Trusts 0 Experience and prudence has kept 99.92% of our municipal bonds2 and 99.67% of our corporate bonds3 default-free.

Invesco Unit Trust S&P Universe Bond Type Default Rate (%) Default Rate (%) UIT Milestones From 1976 Through Present Investment Grade Municipal Bonds 0.082 0.214

Investment Grade Corporate Bonds 0.333 3.605 1976 First deposit of the Insured Municipals Income Trust 1988 Deposited the 200th Series of the Insured Municipals 2008 Deposited the 100th Series of the Investors’ Quality 2011 Introduced three new taxable Investment Grade Income (IMIT) and have since deposited over 649 individual Income Trust (IMIT) Tax-Exempt Trust (QUAL) Trusts: 7+ Year Series (IGST), 10–20 Year Series (IGLM) series of the IMIT. and 20+ Year Series (IGLT) and have since deposited over 21 individual series of IGST, over 26 individual For additional information, contact your financial advisor or visit invesco.com/unittrust. series of IGLM and over 24 individual series of IGLT.

1978 First deposit of the Investors’ Quality Tax-Exempt Trust 1993 Deposited the 300th Series of the Insured Municipals 2008 First deposit of the Quality Municipals Income Trust — 2012 In July, Invesco Unit Trusts will deposit their 5,000th (QUAL) and have since deposited over 164 individual Income Trust (IMIT) Limited Maturity (QMLM) and have since deposited fixed income trust. series of the QUAL. over 60 individual series of QMLM.

1983 Deposited the 100th Series of the Insured Municipals 1998 Deposited the 400th Series of the Insured Municipals 2009 First deposit of the Intermediate Term Investment Grade Income Trust (IMIT). Income Trust (IMIT) Municipal Trust (IGIN) and have since deposited over 34 individual series of IGIN.

1985 Deposited the 50th Series of the Investors’ Quality 2001 First deposit of the Long Term Corporate Investment 2011 Deposited over $4.1 billion in Build America Bond Tax-Exempt Trust (QUAL). Grade Trust (LIGT) and Intermediate Corporate trusts in two different maturities from 2009 through Past performance is no guarantee of future results. Diversification does not ensure a profit or eliminate the risk of loss. 1 Internal Invesco Database; Municipals 01/01/76–12/31/11 (entire history) default rate of 0.08%. Corporates 01/01/01–12/31/11 default Investment Grade Trust (VIGT) and have since deposited early 2011. rate of 0.33% over 62 individual series of the LIGT and over 58 2 Internal Invesco Database; Municipals 01/01/76–12/31/11 (entire history) 3 Internal Invesco Database; Corporates 01/01/01–12/31/11 individual series of VIGT. 4 S&P Investment Grade Municipal default rate; 25 year cumulative average default rate, which is the weighted average of every 25 year period between 1986–2011; from “U.S. Public Finance Defaults and Rating Transition Data: 2011 Update” published 3/22/2012 5 S&P Corporate Default Rate, 2001–2011 Cumulative Rate, from “Default, Transition, and Recovery: 2011 Annual Global Corporate Default Sources: Invesco analysis, Lipper, Inc. Past performance is no guarantee of future results. Study and Rating Transitions” published 3/21/2012 The above graphs do not represent the performance of any Invesco unit investment trust. Please note that the LIGT and VIGT are no longer offered. Risk considerations There is no assurance a trust will achieve its investment of lower security prices due to rising interest rates. objective. An investment in a unit investment trust is Due to the variation in state and local taxes, their impact subject to market risk, which is the possibility that the on returns was not explicitly analyzed. Corporate bonds market values of securities owned by a trust will decline and equities are generally subject to both Federal and and that the value of trust units may therefore be less state income taxes. Municipals are assumed to be exempt than what you paid for them. Each trust is unmanaged from Federal but subject to state income taxes, although and its portfolio is not intended to change during the in many states, in-state municipals are not subject to trust’s life except in limited circumstances. Accordingly, state income taxes. you can lose money investing in a trust. “Investment Grade” is a rating that indicates that a An investment in these trusts should be made with municipal or corporate bond has a relatively low risk of an understanding of the risks associated therewith, default. Bond rating firms, such as Standard & Poor’s, such as the inability of the issuer or an insurer to pay use different designations consisting of upper- and the principal of or interest on a bond when due, volatile lower-case letters “A” and “B” to identify a bond’s credit interest rates, early call provisions and changes to the quality rating. “AAA” and “AA” (high credit quality) and tax status of the bonds. In particular, Qualified School “A” and “BBB” (medium credit quality) are considered Construction Bonds may be redeemed approximately investment grade. Credit ratings for bonds below these three years after issuance to the extent an issuer has designations (“BB”, “B”, “CCC”, etc.) are considered unexpended bond sale proceeds. low credit quality, and are commonly referred to as As interest rates rise, bond prices fall. Investments in “junk bonds”. a trust may be subject to interest rate risk. If interest rates “Call Protection” is a protective provision of a callable rise, the value of the bonds in a trust may decline and if security prohibiting the issuer from calling back the interest rates decline the value of the bonds may increase. security for a period early in its life. “Non-callable” is Also, the longer the period to maturity, the greater the a security that cannot be called by the issuer prior to sensitivity to interest rate changes tends to be. maturity. ”Make-whole” (provision) is a type of call Should the issuer of a Build America Bond or Qualified provision on a bond allowing the borrower to pay off School Construction Bond fail to continue to meet remaining debt early. The borrower has to make a lump the applicable requirements imposed on the bonds as sum payment derived from a formula based on the net provided by the American Recovery & Reinvestment Act present value (NPV) of future coupon payments that will of 2009, it is possible that such issuer may not receive not be paid because of the call. federal cash subsidy payments, impairing the issuer’s Invesco and its representatives do not provide tax ability to make scheduled interest payments. advice. Individuals should consult their personal tax A trust may concentrate in bonds of a particular type advisors before making any tax-related investment of issuer. This makes a trust less diversified and subject decisions. Invesco does not provide investment advice. to greater risk than a more diversified portfolio. Invesco’s history of offering unit investment trusts Discount fixed income unit trusts may realize gains was acquired through its predecessor firm, Van Kampen when a municipal bond is sold, is called or matures and Funds Inc., in June 2010 by Invesco Ltd. Invesco unit unit holders may incur a tax liability from time to time. investment trusts are distributed by the sponsor, The various types of investments presented involve Van Kampen Funds Inc., and broker dealers including different types of risk. Municipals and corporates each Invesco Distributors, Inc. Both firms are wholly owned, involve the individual credit risk of the municipal or indirect subsidiaries of Invesco Ltd. corporate borrower and the general interest rate risk

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. Note: Not all products, materials or services available at all firms. Advisors, please contact your home office. All data provided by Invesco unless otherwise noted. invesco.com/us U-HISTORY-BRO-1 06/12 Invesco Distributors, Inc. 8892