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Understanding the Dogs of The INVESCO UNIT TRUSTS Dogs of the Dow Dogs of the Dow – Investing in undervalued high quality large cap stocks with above Select 10 Industrials Portfolio (SDOW113) market dividend yields at the time of selection. (Deposited on 05/02/11) With increased demand for higher levels of income in this low interest rate environment ** and a propensity to invest in large cap companies with the belief that these well capitalized Dividend Total Return companies can withstand the constant change we are seeing in the market, the “Dogs of the Price ($)* Yield* (from 05/02/11- Dow” strategy has garnered much attention as of late. Stock Ticker (05/31/12) (05/31/12) 05/31/12) The “Dogs of the Dow” strategy offers investors an investment strategy that owns the ten McDonald's Corp. MCD 89.34 3.03% 13.61% highest dividend-yielding companies of the Dow Jones Industrial Average Index as of the trust’s deposit date. Kraft Foods Inc. KFT 38.27 3.03 13.26 Performance summary Intel Corp. INTC 25.84 3.25 12.79 > The Select 10 Industrial Portfolio (SDOW 113) which deposited on 5/2/11, is significantly outperforming Verizon Communications Inc. VZ 41.64 4.77 10.86 the Dow Jones Industrial Average index thru 5/31/12. The portfolio returned 5.49% (with sales charge) and 8.14% (without sales charge)1, well surpassing the benchmark’s return which was down -0.37% AT&T Inc. T 34.17 5.09 9.48 during this time frame. Pfi zer Inc. PFE 21.87 3.84 4.04 > The portfolio’s overweight position in Telecommunication Services (VZ-Verizon Communication +19.5%, T-AT&T +17.4%) and Healthcare (PFE-Pfizer +10.6%, MRK-Merck +10.9%), and exposure in Merck & Co. MRK 37.58 4.26 3.50 Information Technology (INTC-Intel +18.2%) boosted its relative performance. > The portfolio was positioned well to provide downside protection as it did not have exposure to Procter & Gamble Co. PG 62.29 3.43 -4.43 cyclical sectors such as Materials, Financials and Energy. These sectors within the benchmark (Materials Johnson & Johnson JNJ 62.43 3.72 -5.71 -19.6%, Financials -5.8%, Energy -4.3%) were laggards for the above mentioned time period. > Positions in GE-General Electric (-9.32%), JNJ-Johnson & Johnson (-5.71%), and PG-Proctor & Gamble General Electric Co. GE 19.09 3.35 -9.32 (-4.43%) detracted the portfolio’s performance. Index Performance** * Prices and yields are representative of values as of the close of the market on 05/31/12. Common stocks do not assure dividend payments and the amount of a dividend if any, may vary over time. There can be no guarantee or assurance that Dow Jones Industrial Average -0.37 companies will declare dividends in the future or that if declared, they will remain at current levels or increase over time. S&P 500 Index -1.37 ** Total return accounts for two categories of return: income and capital appreciation. Income includes interest paid by fixed- income investments, distributions or dividends. Capital appreciation represents the change in the market price of an asset. The trust portfolio is provided for informational purposes only and should not be deemed Indices are statistical composites and their returns do not include payment of any sales charges or fees an investor as a recommendation to buy or sell the individual securities shown above. would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index. The historical performance of the index is shown for illustrative purposes only; it is not meant to forecast, imply or guarantee the future performance of any particular investment or any SDOW trust, which will vary. sales charge that would be payable by an investor upon sale or redemption of units at the end of the applicable Securities in which the trust invests may differ from those in the index. period(s). The maximum transactional sales charge of 2.95% consists of a 1% initial sales charge, a deferred sales 1 The performance is that of the SDOW113 series only, and the performance of other SDOW series will vary. Performance charge of $0.145 per unit and a creation and development fee of $0.05 per unit. Returns are cumulative total data quoted represents past performance, which is no guarantee of future results. Investment returns and principal returns (not annualized) and reflect trust expenses as incurred and assume reinvestment of income and principal value will fluctuate and units, when redeemed, may be worth more or less than their original cost. Furthermore, distributions, except for trusts that do not offer the option of reinvesting distributions into additional trust units. current performance for these series may be lower or higher than the performance data quoted. Current performance Please see the related trust prospectus for additional information. Returns do not reflect taxes. information is available at www.invesco.com/uit. ”SDOW113 Total Return” reflects the maximum transactional Please keep in mind that high, double-digit and/or triple-digit returns are highly unusual and cannot be sustained. NOT FDIC INSURED MAY LOSE VALUE NO BANK GUARANTEE Before investing, investors should carefully read the prospectus and consider the For investors looking to stick with the strategy, or begin an annual allocation investment objectives, risks, charges and expenses. For this and more complete to the strategy, the 2012–3 series of “Dogs of the Dow” consists of the information about the trust, investors should ask their advisor(s) for a prospectus following companies: or download one at www.invesco.com/uit. Risk Considerations Select 10 Industrials Portfolio (SDOW123) There is no assurance the trust will achieve its investment objective. An investment in this unit (Deposited on 05/01/12) investment trust is subject to market risk, which is the possibility that the market values of securities owned by the trust will decline and that the value of trust units may therefore be less than what you Price ($)* Dividend Yield* paid for them. This trust is unmanaged. Accordingly, you can lose money investing in this trust. Stock Ticker (5/31/12) (5/31/12) Because the portfolio holds a relatively small number of stocks, you may encounter more price volatility than AT&T Inc. T 34.17 5.09 would occur in an investment diversified among a greater number of stocks. SDOW113 and SDOW123 are each concentrated in the health care industry. There are certain risks Verizon Communications Inc. VZ 41.64 4.77 specific to the health care companies such as governmental regulation and the risk that a product may never come to pass. Merck & Co. MRK 37.58 4.26 Common stocks do not assure dividend payments. Dividends are paid only when declared by an issuer’s Pfi zer Inc. PFE 21.87 3.84 board of directors and the amount of any dividend may vary over time. The trust should be considered as a part of a long-term investment strategy and you should consider Johnson & Johnson JNJ 62.43 3.72 your ability to pursue it by investing in successive trusts, if available. You will realize tax consequences Du Pont (E I) De Nemours DD 48.26 3.44 associated with investing from one series to the next. Invesco’s history of offering unit investment trusts was acquired through its predecessor firm, Van Kampen Funds Inc., Procter & Gamble Co. PG 62.29 3.43 in June 2010 by Invesco Ltd. Invesco unit investment trusts are distributed by the sponsor, Van Kampen Funds Inc., and broker dealers including Invesco Distributors, Inc. Both firms are wholly owned, indirect subsidiaries of Invesco Ltd. Chevron Corp. CVX 98.31 3.36 ”Dow Jones Industrial Average,” “The Dow” and “DJIA” are service marks of Dow Jones Trademark Holdings, LLC (“Dow Jones”) and have been licensed for use for certain purposes by Invesco and the trust. The trust, based on the General Electric Co. GE 19.09 3.35 Dow Jones Industrial Average, is not sponsored, endorsed, sold or promoted by Dow Jones, CME or their respective affiliates and none of them makes any representation regarding the advisability of investing in such product. Intel Corp. INTC 25.84 3.25 The Dow Jones Industrial AverageSM (DJIASM) is a product of Dow Jones Indexes, a CME Group company, has been licensed for use and is an unmanaged index generally representative of the U.S. stock market. The Standard & Poor’s 500 Index is an unmanaged index generally representative of the U.S. stock market. * Prices and yields are representative of values as of the close of the market on 05/31/12. Common stocks do not assure dividend payments and the amount of a dividend if any, may vary over time. There can be no guarantee or assurance that companies will declare dividends in the future or that if declared, they will remain at current levels or increase over time. www.invesco.com/unittrust Invesco 11 Greenway Plaza, Suite 1000 Houston, TX 77046-1188 www.invesco.com Invesco Distributors, Inc. U-SDOWSALE-FLY-1 06-12 8747.
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