Invesco Pan European Equity Income Fund28 February 2022

Morningstar RatingTM*AAA

Invesco Funds Hotline: (852) 3191 8282 Invesco Distributors Hotline: (852) 3191 8000 Fax: (852) 3128 6500 Email: investorservices@invesco.com Website: www.invesco.com/hk

202203-2067218-APR

Important Information

- The Fund invests primarily in European equities.- Investors should note the risk of Eurozone crisis, concentration risk of investing in equity and equity related securities of European companies, currency exchange risk, equities risk, volatility risk, and general investment

risk.- Financial derivative instruments (FDI) may be used for efficient portfolio management purposes or to hedge or reduce the overall risk of investments. Risks associated with FDI include counterparty/credit risk, liquidity

risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDImay lead to a high risk of significant loss by the Fund.

- For certain share class(es), the Fund may at discretion pay dividend out of the capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capitalgains attributable to that original investment. Any such distributions may result in an immediate reduction of the net asset value per share in respect of such share class after the monthly distribution date. (Note 1)

- In addition, investors of Monthly Distribution-1 share class that are currency hedged (MD-1 hedged) should be aware of the uncertainty of relative interest rates. The net asset value of the MD-1 hedged may fluctuateand may significantly differ from other share class due to fluctuation of the interest rate differential between the currency in which the MD-1 hedged is denominated and the base currency of the Fund and may result ina greater erosion of capital than other non-hedged share class. (Note 2)

- The value of the Fund can be volatile and could go down substantially.- Investors should not base their investment decision on this material alone.

Objectives and investment strategy

The Fund aims to generate income together with long-term capital growth, throughinvesting primarily in European equities. The Fund will seek to deliver an above averagegross dividend yield.

Key facts

Fund manager Oliver Collin, Tim MarshallShare class launch dateA (EUR)-SD Shares 31/10/06Legal Status Luxembourg SICAV with UCITS statusShare class currency EURFund Size EUR 59.11 mnInitial Charge (up to) 5.00%Annual Management Fee 1.5%Reference Benchmark MSCI Europe-ND

References IVRSCode

Bloomberg code ISIN code

A(AUD Hgd)-MD-1 Shares 390 INPEAMA LX LU1342487342A(CAD Hgd)-MD-1 Shares 391 INPEAMC LX LU1342487425A(EUR)-SD-GI Shares 384 INPEASE LX LU1075212594A(NZD Hgd)-MD-1 Shares 392 INPEAMN LX LU1342487698A(USD Hgd)-Acc Shares 808 INPEAAU LX LU1380458031A(USD Hgd)-MD-1 Shares 393 INPEAMU LX LU1342487771A(EUR)-Acc Shares 376 INPEEAA LX LU0267986122A(EUR)-SD Shares 375 INPEEAD LX LU0267986049

Yield %

Gross Income Yield 3.57Net Income Yield 1.79

3 year characteristics*A (EUR)-SD Shares

Volatility 20.37Volatility is measured by the standard deviation of the fund, based on its annual rates ofreturn over the past 3 years in base currency of the fund.

Indexed performance (base 100)*

Invesco Pan European Equity Income Fund (A (EUR)-SD Shares) Benchmark

02/17 02/18 02/19 02/20 02/21 02/2260

70

80

90

100

110

120

130

140

150

Cumulative performance*% YTD 1 year 3 years 5 yearsA (AUD Hgd)-MD1 Shares -4.35 13.32 15.99 20.40A (CAD Hgd)-MD1 Shares -4.30 13.28 17.58 20.67A (EUR)-SD-GI Shares -4.34 13.00 15.78 15.25A (NZD Hgd)-MD1 Shares -4.27 13.67 17.81 23.34A (USD Hgd)-Acc Shares -4.17 14.00 21.28 26.44A (USD Hgd)-MD1 Shares -4.21 13.84 21.06 26.15A (EUR)-Acc Shares -4.33 13.04 15.78 15.40A (EUR)-SD Shares -4.37 12.99 15.77 15.30Benchmark -6.11 15.43 29.44 37.65

Calendar year performance*2017 2018 2019 2020 20219.06 -11.84 20.46 -9.59 22.898.07 -12.25 20.73 -8.64 22.966.98 -13.73 18.52 -8.43 22.709.59 -11.42 20.88 -8.86 23.258.61 -11.34 21.83 -7.18 23.718.56 -11.38 21.81 -7.21 23.616.99 -13.68 18.44 -8.39 22.716.97 -13.69 18.51 -8.42 22.70

10.24 -10.57 26.05 -3.32 25.13The launch date of A (AUD Hgd)-MD-1 Shares, A (CAD Hgd)-MD-1 Shares, A (NZD Hgd)-MD-1 Shares and A (USD Hgd)-MD-1 Sharesclasses is 24/02/2016. The launch date of A (USD Hgd)-Acc Shares class is 11/05/2016. The calendar year performance of thelaunch year of the above share class(es) only represent performance from launch date of the relevant share class(es) to the last dayof that year, which is not a full year return.

Distribution information(Aims to pay dividend on monthly/quarterly/semi-annual/ annual basis. Dividend is not guaranteed; For MD-1 shares and GI shares,dividend may be paid out of capital. (Please refer to Note 1 and/ or Note 2 of the “Important Information”))

Intendedfrequency Record date Amount/Share Annualized

dividend (%)A (AUD Hgd)-MD1 Shares Monthly 28/02/22 0.0380 4.66%A (CAD Hgd)-MD1 Shares Monthly 28/02/22 0.0390 4.64%A (EUR)-SD-GI Shares Semi-Annual 28/02/22 0.1058 1.96%A (NZD Hgd)-MD1 Shares Monthly 28/02/22 0.0380 4.57%A (USD Hgd)-MD1 Shares Monthly 28/02/22 0.0410 4.60%A (EUR)-SD Shares Semi-Annual 28/02/22 0.0137 0.20%Annualized dividend (%) = (Amount/Share X Frequency) ÷ Price on record date. Upon dividend distribution, the Fund's net asset valuemay fall on the ex-dividend date. For Frequency, Monthly = 12; Quarterly = 4; Semi-Annually = 2; Annually =1. All distributions belowUSD 50/EUR 50/AUD 50/NZD 50/CAD 50 will be automatically applied in the purchase of further shares of the same class. Positivedistribution yield does not imply a positive return.

Holding (total holdings: 63)

Top 10 holdings %

AstraZeneca 3.5Sanofi 3.3Roche NES 2.9Muenchener Rueckversicherungs-Gesellschaft 2.8Deutsche Telekom 2.7Intesa Sanpaolo 2.6SAP 2.3Total 2.3Anglo American 2.2UPM-Kymmene 2.2

Geographical weightings %

United Kingdom 21.8France 20.6Germany 15.4Finland 5.0Switzerland 4.7Netherlands 4.5Italy 4.4Spain 4.3Others 17.7Cash 1.8

Sector weightings %

Industrials 18.1Financials 13.8Materials 10.6Health Care 9.7Consumer Discretionary 8.4Consumer Staples 8.3Utilities 7.7Information Technology 7.1Others 14.5Cash 1.8

Invesco Pan European Equity Income Fund28 February 2022

202203-2067218-APR

Invesco Funds Hotline: (852) 3191 8282 Invesco Distributors Hotline: (852) 3191 8000 Fax: (852) 3128 6500 Email: investorservices@invesco.com Website: www.invesco.com/hk

Important Information

Prospectus andFinancial Reports

KFS of the fundShareholder Notice

The investment performances are denominated in EUR. US/HK dollar-based investors are therefore exposed to fluctuations in exchange rates. Derivatives and cash equivalent instruments are excluded in the calculation of Top10 holdings. Investment involves risks. Past performance is not indicative of future performance. Investors should read the relevant prospectus for details, including the risk factors and product features. This material has notbeen reviewed by the Securities and Futures Commission and is issued by Invesco Hong Kong Limited (景順投資管理有限公司). ©2022 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietaryto Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is provided for reference purposes only. Neither Morningstar nor its content providers are responsible for any damages or losses arisingfrom any use of this information. Asset allocation data is derived by Morningstar using full holdings data provided by Invesco. Morningstar Licensed Tools and Content powered by Interactive Data Managed Solutions.All data is as of the date of this document and sourced from Invesco unless otherwise stated.Portfolio weightings and allocations are subject to change. The weightings for each breakdown are rounded to the nearest tenth or hundredth of a percent; therefore, the aggregate weights for each breakdown may not equal100%.*Source: Data as of the date of this document. Performance of the share class(es) and Morningstar rating are sourced from ©2022 Morningstar. Indexed performance: Performance of an investment of 100 in share classcurrency. Index performance is sourced from Invesco. Morningstar rating (if applicable) is given to the share class as shown in the Indexed performance chart. Performance of the share class(es) is calculated based on NAV toNAV, gross income re-invested in share class currency.

Invesco’s Commitment to ESG Investing

At Invesco, we’ve been implementing ESG strategies for more than 30 years, with an approach that is both investor-led and investor-driven. We integrate ESG risk and opportunity factors directly into our investment decisionsacross asset classes. We believe that incorporating environmental, social and governance (ESG) practices into our investment activities can positively impact the value we provide clients – and help ensure a sustainableenvironment for future generations.

SFDR (Sustainable Finance Disclosure Regulation)

The Fund complies with Article 8 with respect to the EU’s Sustainable Finance Disclosure Regulation*. As such, the fund promotes, among other characteristics, environmental or social characteristics or a combination of thosecharacteristics. In addition, the companies in which the fund invests follow good governance practices. *Regulation (EU) 2019/2088 on sustainability – related disclosures in the financial services sector.

Exclusion Framework

The Fund embeds an exclusionary framework to specific activities based on UN Global Compact, severe governmental sanctions, revenue thresholds for certain activities linked to environmental and/or social criteria, as well asensuring that companies follow good governance practices. The list of activities and their thresholds are listed below:

UN Global Compact - Non-Compliant

Country sanctions - Severe violations

Controversial weapons - 0% of revenue including companies involved in the manufacture of nuclear warheads or whole nuclear missiles outside of the Non-ProliferationTreaty (NPT)

Coal - Thermal Coal extraction: >=5% of revenue- Thermal Coal Power Generation: >=10% of revenue

Unconventional oil & gas - >= 5% of revenue on each of the following:

Artic oil & gas exploration;Oil sands extraction;Shale energy extraction;

Tobacco - Tobacco Products production: >=5% of revenue- Tobacco related products and services: >=5% of revenue

Others - Recreational cannabis: >=5% of revenue

Good governance - Ensure that companies follow good governance practices in the areas of sound management structures, employee relations, remuneration and taxcompliance

Any investment decision should take into account all the characteristics of the fund as described in the legal documents. For sustainability related aspects, please refer to: https://www.invescomanagementcompany.lu.�At Invesco we have looked to put in place minimum safeguards across multiple sub–funds of Invesco Funds (as listed above) to allow them to meet Article 8 requirements of the SFDR Regulation as of 2 November 2021. To beclassified as a so-called Article 8 product, the sub–funds need to promote, among other things, environmental and/or social characteristics while also ensuring that investee companies follow good governance practices. In orderto meet such requirements, it was determined that we would look to exclude certain activities based on certain thresholds, which may be updated from time to time. For further details please refer to the website of themanagement company at https://www.invescomanagementcompany.lu.�As noted above this is a proprietary framework developed by Invesco in line with Article 8 requirements of the Regulation (EU) 2019/2088 on sustainability. The framework is developed, maintained and monitored by Invesco.In order to assess companies against the noted criteria, Invesco uses a combination of Sustainalytics and ISS (Institutional Shareholder Services) to assess compliance, however, this can be supplemented with other serviceproviders where appropriate. While there is a broad coverage across the various systems, there is no one system that has complete coverage of the entire investment universe. As a result, investment teams will be responsiblefor conducting an assessment of companies for which data is not available, under the appropriate supervision and oversight of our investment compliance and ESG teams.