Global Liquidity
Money market and liquidity solutions A long-term approach to short-term investingSM
Not a Deposit Not FDIC Insured Not Guaranteed by the Bank May Lose Value Not Insured by any Federal Government Agency Invesco Ltd. is a leading independent global investment management firm
Invesco Ltd. is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. We have: • Specialized investment teams managing investments across a comprehensive range of asset classes, investment styles and geographies • More than 8,000 employees focused on client needs across the globe • Proximity to our clients with an on-the-ground presence in 26 countries • Solid financials, investment grade debt rating, and strong balance sheet
US & Canada UK & Continental Europe
Asia Australia
Source: Invesco Ltd. Data as of December 31, 2020. Locations shown indicate offices hosting Portfolio Manager, Analyst, Trader, Economist and/or Strategist staff. Includes all assets under advisement, distributed and overseen by Invesco.
As an independent firm, our global organization is solely focused on investment management. We direct all of our intellectual capital, global strength and operational stability toward helping clients achieve their investment objectives.
2 Invesco Global Liquidity Global liquidity overview
Invesco offers a broad range of liquidity solutions to meet investor needs. Our capabilities span the spectrum that includes cash management and conservative fixed income strategies. And because we understand the evolving liquidity management needs of our clients, we can deliver these strategies in multiple vehicles: • Mutual funds • Ultrashort bond strategies • Separately managed accounts • Exchange-Traded Funds (ETFs) • Domestic money market funds • Commingled institutional funds • Global money market funds
Long Term Conservative Strategies Cash Management Fixed Income Strategies Strategies turn
re Core Fixed Income
Short-Term Ultra-Short ntial yield/ te Po
Prime Tax-Exempt Government Treasury
Volatility of returns
For Illustrative Purposes Only. Source: Invesco. This does not constitute a recommendation of the suitability of any investment strategy for a particular investor. Some products are available via affiliates of Invesco Distributors, Inc.
Invesco’s money market funds are governed by SEC Rule 2a-7. Portfolio and transparency requirements of this rule include: • Credit quality • Stress testing • Diversification1 • Website disclosure • Liquidity • Regulatory reporting • Maturity limits
Cash segmentation We believe that a cash segmentation approach may improve yield and return while maintaining liquidity. This approach separates cash balances by investment horizon and liquidity needs.
Operating cash: day-to-day Excess cash: short horizon Core cash: longest horizon
Similarly to long-term asset allocation, numerous cash management strategies are available to meet unique preferences and risk tolerances. Allocations may be tailored to projected future liquidity needs to help meet unique client objectives.
1 Diversification does not guarantee a profit or eliminate the risk of loss. 3 Invesco Global Liquidity Investment approach
We have developed a reputation for judicious and conservative liquidity management – which we embrace. We are prudent, intentional and deliberate in our investment choices.
Our primary focus is on principal preservation and liquidity, while seeking to deliver a competitive return. We believe that our commitment to this discipline has served our clients well.
Portfolio management and credit research work in partnership Our time-tested investment process highlights portfolio management and credit research working together to pursue investment results consistent with client expectations.
Portfolio management Top-down macro research and portfolio construction
Principal preservation Liquidity Return Active, top-down, portfolio Continuous assessment Seek to provide a competitive construction to establish appropriate of market environment return consistent with duration1 and term structure. and portfolio liquidity needs. principal preservation and liquidity through a range Rigorous, bottom-up credit review Meet potential liquidity needs of economic conditions. process and security selection to through overnight investments, identify appropriate investments. maturity structure and secondary market liquidity.
Global credit research Bottom-up industry research and credit analysis, including ESG integration
For illustrative purposes only. Past performance is no guarantee of future results.
1 Duration is a measure of the sensitivity of the price, the value of principal, of an investment to a change in interest rates.
4 Invesco Global Liquidity Our experienced team
For over 40 years, Invesco Global Liquidity has been a core business for Invesco. We believe in a disciplined investment process, high credit quality solutions, distinguished client engagement and consistent performance.
As part of Invesco Fixed Income — a leading fixed income manager with $381 billion in assets under management — we draw on the insights and expertise of over 177 fixed income investment professionals in 12 locations worldwide. We also have a tremendous commitment to this industry — Invesco’s senior management is actively engaged in industry policymaking and leadership across the globe.
We have a diverse Global Liquidity investment team consisting of 17 investment professionals. We believe our long-term approach to short-term investing makes us a strong partner for investors seeking premier liquidity management in the next 40 years — and beyond.
Knowledge built on experience and expertise
Tony Wong Laurie Brignac, CFA Justo Gonzalez Head of Fixed Income CIO and Head of Global Head of Global Liquidity Investments Liquidity Credit Research
25 years of financial 31 years of financial 35 years of financial industry experience industry experience industry experience
5 Invesco Global Liquidity Distinguished client service and support
At Invesco, our clients are our most important asset. Every day, we leverage the power of Invesco’s global capabilities to provide distinguished service for our liquidity clients. We are dedicated to providing ongoing client communications, responsive operational support services, efficient trading and reporting technology.
Invesco.com Our global liquidity website offers daily and historical performance data: • Net asset values (NAV) • Daily and weekly liquidity • Total assets • 7-day SEC yield • 30-day simple yield • 365-day yield • Daily factor reporting • Weighted Average Maturity (WAM) and Weighted Average Life (WAL) • Regulatory and informative product specific information
Market commentary and educational materials: • Insights • Blog posts • Brochures
Trading and reporting We offer multiple solutions to meet client needs: • Liquidity LinkSM, a real-time online trading and performance retrieval system • National Securities Clearing Corporation (NSCC) • Automated and customized files and reporting • Available via multiple third-party trading and treasury platforms • Flexible cash sweep programs
Contact us For more information on Invesco’s money market funds, please contact our sales consultants at 800 659 1005, option 2 or visit invesco.com
6 Invesco Global Liquidity
An investor should consider the investment objectives, risks, fees and expenses carefully before investing. Please read the pro- spectus or other offering documents carefully before investing. For this and more complete information, contact your financial advisor or visit invesco.com/fundprospectus. Liquidity LinkSM is a proprietary system of Invesco. The opinions expressed herein are based on current market conditions and are subject to change without notice. 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. All data as of December 31, 2020 and all data provided by Invesco unless otherwise noted. invesco.com CM-DOM-BRO-1 02/21 Invesco Distributors, Inc. NA2028