Invesco Global Equity Market Neutral Fund

June 2016

This marketing document is exclusively for use by professional clients and financial advisors in Continental Europe, Qualified Investors in Switzerland. This document is not for consumer use, please do not redistribute.

Agenda

1. The Case for Market Neutral Investing

2. Investment Team

3. Investment Process

4. Performance

Appendix

2

Key points set in 42/45pt Verdana1. The Case for Market Neutral Investing

The Search for YieldReturn of traditional asset classes

Source: Invesco, Bloomberg, MSCI. As of: 30 June 2016. „Corporate Bonds Investment Grade“= Barclays Global Aggregate Bond Index hedged inEUR, „Corporate Bonds High Yield“= Barclays Global High Yield Corporate Bond Index hedged in EUR. Past performance is not a guide to future returns.

-15%

-10%

-5%

0%

5%

10%

12/14 06/15 12/15 06/16

MSCI World in hedged EUR Corporate BondsInvestment Grade

Corporate BondsHigh Yield

Performance of traditional asset classes (cumulative)

4

Returns for different asset classes during the ten worst months for global equities

Source: Invesco, analysis is in USD and covers a period from April 2008 until June 2016. Global Equities = MSCI World, Hedge Funds= HFRX Global Hedge Fund Index, Bonds = Barclays Global Aggregate. Data for the Invesco Global Equity Market Neutral Strategymodel portfolio is back-tested / model portfolio data since no live track record is available prior to the fund’s launch date on 17 June2015. The simulated performance is based on the live track-record of Invesco Global Absolute Return Fund's Global Equity Market NeutralStrategy, as the strategy is the same. The simulation uses twice the exposures of the live track- record in order to achieve the target risk, i.e. a 1.5% position in thelive strategy was converted to a 3.0% position in the simulation. Past performance is not a guide to future returns.

0.6%

-0.1%

-1.5%

-3.5%

-9.8%

-15% -10% -5% 0% 5% 10%

Invesco Global EquityMarket Neutral Strategy

Gold

Global Bonds

Hedge Funds

Global Equities

Average monthly returns

5

-2%

0%

2%

4%

6%

8%

10%

0% 2% 4% 6% 8% 10% 12% 14% 16% 18%

Barclay Hedge Fund Index Barclay Equity Long Bias Index Barclay Equity Long/Short Index

Barclay Equity Market Neutral Index Barclay Equity Short Bias Index Barclay Global Macro Index

US 3 Month T-Bill

The Case for Market Neutral InvestingRisk and return of alternative indexes

Source: Invesco, BarclayHedge (January 1997 – May 2016). Direct investments in indices are not possible. Past performance is not a guide to future returns.

6

Ann

ualis

edre

turn

Annualised risk and return of Barclay Hedge Indexes

Barclay Equity Market Neutral Index

3m US Libor

Standard deviation (ann.)

Equity Market Neutral StrategiesLow correlation with traditional asset classes

Source: BarclayHedge, Invesco, for the period January 1997 until May 2016. Red cells indicate high correlation, white cells indicate low correlation, green cells indicate negative correlation. Direct investments in indices are not possible.

7

Barclay Equity Market Neutral

Index

Barclay Hedge Fund Index

Barclay Equity Long Bias

Index

Barclay Equity Short Bias

Index

Barclay Equity Long Short

Index

Barcley Global Macro Index

MSCI World NDR

JPM Global Gov Bond TR

Index

Barclay Equity Market Neutral Index 1.00

Barclay Hedge Fund Index 0.43 1.00

Barclay Equity Long Bias Index 0.37 0.96 1.00

Barclay Equity Short Bias Index -0.20 -0.76 -0.84 1.00

Barclay Equity Long Short Index 0.52 0.94 0.92 -0.75 1.00

Barcley Global Macro Index 0.51 0.72 0.65 -0.48 0.75 1.00

MSCI World NDR 0.20 0.83 0.88 -0.76 0.72 0.51 1.00

JPM Global Gov Bond TR Index -0.08 -0.25 -0.28 0.25 -0.21 0.10 -0.25 1.00

Targeting absolute returnsPotential for positive returns regardless of market direction

Long Portfolio Short Portfolio Long/ShortSpread

Up market

Source: Invesco. For illustrative purposes only. There is no guarantee that positive returns will be achieved.

Long Portfolio Short Portfolio Long/ShortSpread

Reverse Spread

Long Portfolio Short Portfolio Long/ShortSpread

Down market

Long Portfolio Short Portfolio Long/ShortSpread

Flat market

8

Alternative absolute return streamReturn comparison during market cycles

Source: Invesco, BarclayHedge (January 1997 – June 2016). For illustrative purposes only. Past performance is not a guide to future returns.

-18.4

-35.8

7.2

0.1

-40

-30

-20

-10

0

10

Dot-Com Bust(Apr 2000 - Mar 2003)

Credit Crisis(Aug 2007 - Febr 2009)

Perc

ent

(%)

Down Market - Example

20.7

16.8

5.0 5.1

0

10

20

30

Easy Money Recovery(Apr 2003 - July 2007)

Recent Equity Market Rallye (Oct 2011 - Dec2014)

Perc

ent

(%)

Up Market - Example

Equity Market Neutral Strategies:

• Delivered positive returns during down cycles…

• … as well in up cycles

• Generated higher risk-adjusted returns than the equities over the long-term

Annualised ReturnJanuary 1997 – June 2016

Equities (MSCI World NR) 5.5%

Equity Market Neutral Index (BarclayHedge) 5.5%

9

-10%

-5%

0%

5%

10%

15%

20%

25%

12/2001 12/2003 12/2005 12/2007 12/2009 12/2011 12/2013 12/2015

Rolling five year active returns over 1 month USD Libor (annualised)

MSCI World NR Index JPM Global Gov Bond TR Index

Investment cycles of global bonds and equitiesRolling five year returns of traditional asset classes

10Source: Invesco, Bloomberg (January 1997 – June 2016). Past performance is not a guide to future returns.

0%

5%

10%

15%

20%

25%

30%

35%

40%

12/97 12/99 12/01 12/03 12/05 12/07 12/09 12/11 12/13 12/15

Sta

nd

ard

dev

iati

on

Tight Risk ManagementMarket Neutral normally significantly below equity market volatility

Rolling 12-Month Volatility

Average Volatility

━━ Equities (MSCI World) 14.4%

━━ Bonds (JPM Gobal Gov Bond TR Index) 3.0%

━━ Equity Market Neutral Index (BarclayHedge) 2.7%

Source: Invesco, BarclayHedge (January 1997 – June 2016). Past performance is not a guide to future returns.11

The Case for Market Neutral Investing

Alternative return stream in a low interest rate environment Lower risk and drawdowns than traditional equity

investments

Daily liquidity and transparency Holdings only in exchange traded equities and related

derivatives with daily valuation and UCITS status

Attractive risk/return characteristics Alternative return pattern relative to traditional equity

and bond investments

12

Source: Invesco. As of 31 May 2016. Opinions are based on current market conditions and are subject to change without notice.

2. Investment Team

Investment Philosophy

We believe we can add value for our clients through the systematic application of fundamental and behavioural insights.

To convert this philosophy of investing into our quantitative stock selection model, each factor employed must have a sustainable investment rationale and be:

Quantifiable

Predictive

Complementary

14

Invesco Quantitative StrategiesDiversified, sophisticated and stable team

15

Source: Invesco. As of 01 July 2016.

Bernhard Langer, CFA, Chief Investment Officer

Research

Michael Abata, CFABob D’ AmoreEric Cheng, CFADr. Bartholomäus EndeMichael FraikinStefan Freudenreich, CFAXavier Gerard, PhD, CFAAnna Gulko, CFA

Anne-Marie HofmannDr. Stephan HoltmeierSatoshi Ikeda Jochen JenknerDr. Matthias KerlingCharles Ko, CFADr. Jens LangewandEdward Leung, PhD

Dr. Harald LohreDr. Gangolf MittelhäußerZhanar OmarovaSergey ProtchenkoPeter SecakusumaDr. Margit Steiner

Portfolio Management

Alexandar CherkezovManuela von DitfurthUwe DraegerGeorg ElsaesserSu-Jin FabianNils Huter, CFADr. Martin KolrepHelena Korczok-Nestorov

Brian Morandi, CFAKen Masse, CFAAnthony Munchak, CFAGlen Murphy, CFARobert NakouziFrancis Orlando, CFAThorsten Paarmann, CFANicole Schnuderl

Alexander Tavernaro, CFADaniel Tsai, CFAAlexander Uhlmann, CFAAnne UnflatAndrew Waisburd, PhDDonna WilsonMasayoshi Yoshihara

Portfolio Management Associates

Jennifer AnKaren BuckleyJohn Gallop

Tomohide KawakamiJulian KeuerleberJoshua Kothe

Jennifer NerlichMichael RosentrittCarsten Rother

All portfolios team-managed

Functional team approach permits us to focus on what we do best

Well rounded team of over 40 experienced professionals at five locations: Frankfurt, New York, Boston, Melbourne, Tokyo

Invesco Quantitative Strategies

Source: Invesco. As of 30 June 2016. This is a representative list of strategies managed by Invesco Quantitative Strategies and is not inclusive of all strategies offered. Balanced Solutions mandates are managed in conjunction with Invesco’s Global Asset Allocation investment team.

Managing over USD 34 billion Over US$1bn in Long/Short strategies

Over 30 years of experience

Managing Market Neutral since 1992

Passive Enhanced Active Low Volatility Balanced Solutions Long/Short

Europe

Global

US

European Core

Global Core

US Core

US Value

Australian Core

Emerging Markets

Eurobloc Core

European Core

European Growth

Global Core

Global SRI

US Core

US Growth

US Small Cap Core

US Small Cap Value

Asia-Pacific

Emerging Markets

European

Global

US

Japan

European

Global

Australian 130/30

UK 130/30

US Market Neutral

Global Market Neutral

US Long/Short

16

Invesco’s Market Neutral StrategiesOver 20-year history of managing Market Neutral strategies

Portfolio Risk

Benchmark-Relative(Tracking Error)

Total Risk(Standard Deviation)

Equ

ity

Ho

ldin

gs

Lon

g O

nly Global Enhanced Global Low Volatility

US Core US Low Volatility

European Core European Low Volatility

Lon

g-S

hor

t Global 130/30 Global Market Neutral

Australian 130/30 US Market Neutral

Source: Invesco. As of 30 June 2016. For illustrative purposes only.

Our aim is to:

Maximize stock selection skill

Manage risk

Neutralize market (beta) exposure

17

3. Investment Process

Stock SelectionQuantifying our insights

Concepts

Factors1

Quantifiable

Predictive

Complementary

Management& Quality

EarningsExpectations ValueMarket

Sentiment

Stock Selection Universes

Stock Return Forecast

Net External Financing

Net Asset Growth

Capital Efficiency

Fundamental Health Score

Liability Payback Horizon

Earnings Momentum

Earnings Revisions

Cash Flow Surprise

Revisions Against Trend

Price Momentum

Long-Term Reversal

Short Term Reversal

Short Interest

Cash Flow Yield

Gross Profit Yield

Earnings Yield

Dividend Yield

How attractive are valuations?

How are expectations changing?

What is market sentiment telling us?

What is management doing?

19

Source: Invesco, data as of 30 June 2016. 1Indicators are not used in all regions. Additional indicators are used in special sub-models. For illustrative purposes only.

60

70

80

90

100

110

120

130

05/2005 05/2007 05/2009 05/2011 05/2013 05/2015Q1 Q2 Q3 Q4 Q5

Predictive Ability of our Stock Selection ModelSuccessful stock selection historically

Our Research shows:

Long Positions (highest-ranked stocks) outperformed

Short Positions (lowest-ranked stocks) underperformed

Source: Invesco, data as of 30 June 2016. Quintile 1 shows the highest rated stocks (best 20%), quintile 5 shows the lowest-ranked stocks (worst 20%), relative to IQS Global Research Investment Universe.

20

Investment processHow we build the optimal portfolio

Global Equity Market Neutral

Fund

Stock RiskForecast

Stock ReturnForecast

Portfolio

Optimisation through GPMS1

Transaction CostForecast

Portfolio Guidelines& Constraints

Tracking ErrorIndividual position size

(max. +/-3%2)Beta(max. +/- 0.03)/Size

Countries/Currencies (max. +/- 1.5%2)

Sectors/Industries(max. +/- 1.5%2)

LiquidityMarket cap/Free floatBorrowing costTrading venueBroker fees

1Global Portfolio Management System. 2At rebalancing. For illustrative purposes only. For the full objectives and investment policy please consult the current prospectus.21

-4-3-2-101234

10% 20% 30% 40% 50% 60% 70%

Sto

ck A

ttra

ctiv

enes

s (A

lpha

)

Stock Risk Forecast

-4-3-2-101234

10% 20% 30% 40% 50% 60% 70%

Sto

ck A

ttra

ctiv

enes

s (A

lpha

)

Stock Risk Forecast

Global Market Neutral Long Positions

Portfolio ConstructionBuilding the optimal long/short portfolio

22

Source: Invesco, as per 30 June 2016. For illustrative purposes only. Forecasts are based on current market conditions and are subject to change without notice. The size of each bubble represents the weight of the holding in the portfolio.

Long positions in the portfolio are stocks with attractive return forecasts

…while short positions can be described by an unattractive return forecast and with similar risk characteristics to the long portfolio

Long positions

Long portfolio positioning

Short positions

Short portfolio positioning

Global Market Neutral Short Positions

Invesco Global Equity Market Neutral FundLargest long and short positions

Source: Invesco, as of 30 June 2016.The Numbers for model ranks are deciles from 1 (best 10%) to 10 (worst 10%). This is no recommendation to buy / hold / sell these securities. There is no guarantee that Invesco will keep these securities in the future in its funds.23

Name Sector totalweight EE MS MQ VA Overall

Chevron Industrials -3.3% 9. 6. 8. 10. 10.M3 INC Information Technology -3.3% 9. 3. 7. 10. 10.Cypress Semiconductor Health Care -3.2% 7. 4. 7. 9. 9.Keyence Corp Materials -3.1% 10. 10. 9. 10. 10.Hamamatsu Photonic Financials -3.1% 9. 4. 9. 10. 10.Gildan Activewear Financials -3.1% 7. 6. 10. 10. 10.Alphabet Information Technology -2.9% 6. 6. 7. 9. 9.Dominion Resources Materials -2.9% 10. 6. 10. 8. 10.Zimmer Biomet Utilities -2.9% 6. 1. 10. 8. 8.Exxon Mobil Consumer Staples -2.9% 9. 6. 6. 10. 10.

EE = Earnings ExpectationsMS = Market SentimentMQ = Management & QualityVA = Value

Model decile rank

Name Sector totalweight EE MS MQ VA Overall

Intel Consumer Staples 3.3% 6. 6. 7. 1. 1.Cisco Systems Financials 2.9% 6. 5. 7. 1. 1.Cabot Information Technology 2.9% 8. 1. 1. 1. 1.Apple Financials 2.8% 6. 10. 6. 1. 2.Ibiden Consumer Discretionary 2.7% 5. 3. 1. 1. 1.IIDA Financials 2.7% 1. 6. 1. 1. 1.Gilead Sciences Information Technology 2.7% 6. 9. 3. 1. 1.Qinetiq Group Financials 2.5% 9. 4. 1. 1. 1.Yingzijiang Shipbuilding Consumer Staples 2.4% 8. 10. 1. 1. 2.ARC Resources Information Technology 2.4% 2. 3. 1. 6. 1.

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Long Short

Industrials Information Technology

Consumer Discretionary Health Care

Energy Materials

Consumer Staples Financials

Utilities Telecom

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Long Short

United States Japan

Continental Europe United Kingdom

Canada Asia-Pacific

Not only sector and country neutral…

Source: Invesco, as of 30 June 2016. For illustrative purposes only. Portfolio weightings are subject to change without notice.

24

… but also market cap neutral

Source: Invesco, as of 30 June 2016. For illustrative purposes only. Portfolio weightings are subject to change without notice.

25

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Long Short

> 50 bn EUR

< 50 bn EUR

< 20 bn EUR

< 5 bn EUR

Market capitilization distribution of longs and shorts

Invesco Global Equity Market Neutral FundKey Characteristics

Long Short

Average MCAP in €m 31,572 26,190

Median MCAP in €m 5,450 4,950

# stocks 138 121

Ø Dividend Yield 2.5% 1.8%

Ø Cash Flow Yield 16.5% 7.4%

P/E Ratio 12.9 20.1

P/B Ratio 1.4 2.1

Source: Invesco, as of 30 June 2016. For the full objectives and investment policy please consult the current prospectus.

26

Risk Models Local market beta Country / Currency Sector / Industry Style Stock specific

Stock Risk Forecasts

Qualitative Risk Assessment Litigation Regulatory investigations Sub-industry risk Liquidity risk

Investable Universe

Engineered discipline - effective risk management

We deploy a risk forecast for every stock

Manage risk we want to control:

— Beta— Size— Liquidity— Country/Currency— Sector/Industry

Adapt to changing market conditions

Source: Invesco. For illustrative purposes only.

27

4. Performance

Invesco Global Equity Market Neutral FundConstructing the optimal portfolio

Source: Invesco as of 30 June 2016.1At rebalancing. Portfolios are typically rebalanced on a monthly basis. For the full objectives and investment policy please consult the current prospectus.

Invesco Global Equity Market Neutral portfolio

Gross Exposure1 300%

Net Exposure1 0%

Max Long Position1 3.0%

Max Short Position1 3.0%

Max Industry/Sector Exposure1 ±1.5

Max Country/Currency Exposure1 ±1.5

Max Beta Exposure1 ±0.03

Relative to industry peers

Buy highly rated stocks

Sell (short) poorly rated stocks

Sell highly rated stocks that are deteriorating

Cover (buy) poorly rated stocks that are improving

Also consider: Stock borrow costs

Maximize stock selection skill

Neutralize market (beta) exposure

Limit sector/industry/style/specific risk

29

Invesco Global Equity Market Neutral Strategy Model portfolio 300% gross ExposureSimulated performance (not GIPS® compliant)

Source: Invesco, as of 30 June 2016. Performance is gross of fees, net dividends reinvested, calculated in EUR. Simulated past performance is not a guide to future returns. Data for the Invesco Global Equity Market Neutral Strategy model portfolio is back-tested / model portfolio data since no stand-alone live track record is available prior to the representative account launch date on 17 June 2015. The simulated performance is based on the live track-record of Invesco Global Absolute Return Representative Accounts’ Global Equity Market Neutral Strategy, as the strategy is the same. The simulation uses twice the exposures of the live track-record in order to achieve the target risk, i.e. a 1.5% position in the live strategy was converted to a 3.0% position in the simulation. ¹annualised

Performance since inception (Calculated in EUR, gross of fees)

1 year(%)

3 years¹(%)

5 years¹(%)

since 04/2008¹ (%)

Global Market Neutral Strategy 1.74 3.67 3.48 4.983 month Euribor -0.13 0.06 0.33 0.97

Active Performance 1.87 3.61 3.15 4.01

Volatility 7.71 6.78 6.78

Correlation with MSCI World 0.02 -0.01 -0.05

Sharpe Ratio 0.47 0.46 0.59

30

-10%0%

10%20%30%40%50%60%70%

03/2008 03/2009 03/2010 03/2011 03/2012 03/2013 03/2014 03/2015 03/2016

Global Market Neutral 150%/150% 3 month Euribor

Invesco Global Equity Market Neutral Strategy Model portfolio 300% gross exposureMonthly performance since inception (Not GIPS® compliant)

Source: Invesco, as of 30 June 2016. In Euro, gross of fees. The figures do not reflect the entry charge payable by individual investors. Past performance is not a guide to future returns. Data for the Invesco Global Equity Market Neutral Strategy model portfolio is back-tested / model portfolio data since no live track record is available prior to the fund’s launch date on 17 June 2015. The simulated performance is based on the live track-record of Invesco Global Absolute Return Fund's Global Equity Market Neutral Strategy, as the strategy is the same. The simulation uses twice the exposures of the live track-record in order to achieve the target risk, i.e. a 1.5% position in the live strategy was converted to a 3.0% position in the simulation. 31

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecAnnual return

2008 0.29% 0.84% 4.99% 2.07% -0.85% -2.97% 2.77% -0.29% -1.79% 4.92%

2009 -5.55% -0.22% 0.33% -0.03% -1.19% -0.94% 1.60% 0.42% -1.75% 2.42% 2.72% -0.02% -2.47%

2010 3.76% 1.23% 0.02% -0.31% 1.86% 1.16% -0.33% -2.00% 1.72% 2.12% 2.20% -0.97% 10.82%

2011 0.54% 0.95% 2.06% 2.63% 1.85% 2.45% -0.48% 2.83% 2.37% 0.98% -1.02% 2.24% 18.76%

2012 0.11% 2.96% 1.89% -1.84% -2.02% 1.70% -0.15% -1.29% 0.09% -0.29% -1.56% -0.62% -1.14%

2013 0.50% 0.37% -0.47% 0.98% 0.86% -1.59% -0.16% -3.84% -0.73% 4.99% 2.89% -0.72% 2.85%

2014 -0.89% 0.75% 3.80% 0.53% 0.85% -0.23% 5.43% -0.43% 0.85% -1.24% 0.65% 0.61% 11.01%

2015 0.69% -0.72% -2.34% 1.10% 0.76% -2.92% -3.46%

Invesco Global Equity Market Neutral FundC-Shares

32

Source: Invesco, as of 30 June 2016. Past performance is net of fees, gross income reinvested, calculated in Euro. The figures do not reflect the entry charge payable by individual investors. Past performance is not a guide to future returns.

Monthly Return since inception

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecAnnual return

2015 -1.62% 1.03% 4.80% 2.24% -1.05% 2.89% 8.42%

2016 -0.65% -2.64% -1.35% -2.55% -2.21% -2.57% -11.40%

-1.0

-0.8

-0.6

-0.4

-0.2

0.0

0.2

0.4

0.6

0.8

1.0

-1.0

-0.8

-0.6

-0.4

-0.2

0.0

0.2

0.4

0.6

0.8

1.0

2011 2012 2013 2014 2015 2016

Correlation with Bonds Correlation with Equities

Global Market Neutral Strategy shows very low correlation with Global Equities and Bonds

Simulated Past performance is not a guide to future returns.Source: Invesco, Bloomberg. As of 30 June 2016. Performance is gross of fees, net dividends reinvested, calculated in EUR. Global Equities = MSCI World, Global Bonds = Barclays Global Euro, total return in EUR, respectively. Data for the Invesco Global Equity Market Neutral Strategy model portfolio is back-tested / model portfolio data since no stand-alone live track record is available prior to the representative account launch date on 17 June 2015. The simulated performance is based on the live track-record of Invesco Global Absolute Return Representative Accounts’ Global Equity Market Neutral Strategy, , as the strategy is the same. The simulation uses twice the exposures of the live track-record in order to achieve the target risk, i.e. a 1.5% position in the live strategy was converted to a 3.0% position in the simulation.

Simulated Rolling 3 Year Correlation of Global Market Neutral Strategy with Global Equities and Global Bonds (not GIPS® compliant)

33

Why Invesco Global Equity Market Neutral Fund?

Source: Invesco as at 30 June 2016. Our view is based on current market evaluation. The opinion of the investment team can change at any time, without giving prior notice and is by no means guaranteed. For the full investment objectives please consult the current prospectus

The fund offers:

An alternative return stream with a return pattern different from that of traditional equity and bond investments

Absolute return strategy aiming for positive returns independent from equity market movements

An engineered discipline using quantitative modeling seeking to create positive returns within specified risk parameters

Strong team with a track record of over 20 years managing Market Neutral strategies

34

Fund FactsInvesco Global Equity Market Neutral Fund

Fund Name Invesco Global Equity Market Neutral Fund

Launch Date June 17, 2015

Fund Manager Alexander Uhlmann, CFA and Alexander Tavernaro, CFA

Investment Team Invesco Quantitative Strategies

Domicile Luxembourg

Legal Status Luxembourg SICAV with UCITS IV status

Fund Currency Euro, USD, additional currencies possible

Unit Types Accumulating

Gross entry charge (A) and (C) up to 5.00%

Management Fees (A) 1.4% p.a., (C): 0.9% p.a.

Minimum Investment (A) EUR 1,000 and (C) EUR 800,000

Reference Index 3 Month Euribor

ISIN A Shares (acc.) EUR: LU1227305908

Source: Invesco, data as of 30 June 2016. Please also refer to the important information on the last slide of this presentation. Not all share classes of this fund may be available for public sale in all jurisdictions and not all share classes are the same nor do they necessarily suit every investor. For other share classes please consult the current prospectus.

35

Appendix

-0.10

-0.05

0.00

0.05

0.10

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 last6 months

EarningsExpectationsMarket Sentiment

Management &QualityValue

Positive predictive ability of our Stock Selection ModelInformation Coefficients: World

37

Source: Invesco, as of: 30 June 2016. Information Coefficients (ICs): correlation between our return forecasts and the actual returns the stocks achieved over the last month.

Q3 2015 Q4 2015 Q1 2016 Q2 2016

Earnings Expectations 0.08 0.01 -0.02 0.03Market Sentiment 0.10 0.05 -0.01 0.06Management & Quality 0.05 0.01 0.05 -0.02Value -0.02 -0.02 0.04 -0.04

Alpha 0.09 0.02 0.03 0.00

0

5

10

15

20

25

30

35

40

65

70

75

80

85

90

95

100

105

07/2014 09/2014 10/2014 11/2014

Return difference Exxon Mobil Chevron

0

10

20

30

40

50

60

70

80

80

85

90

95

100

105

110

115

120

10/2013 11/2013 12/2013 01/2014

Return difference Exxon Mobil Chevron

1. Borrow the less attractive shares, in the example Chevron2. Sell short these shares3. Invest the proceeds in shares of the same peer group with higher attractiveness,

in the example Exxon Mobil (long position)4. Sell Exxon Mobil shares and rebuy shares of Chevron with the proceeds5. Spread = profitPast performance is not a guide to future returns.

”Source: Invesco. As of 31 December 2014. For illustrative purposes only. There is no guarantee that Invesco will hold these securities within its funds in the future. Short sells in the fund are implemented differently. This is neither financial advice nor a recommendation to buy, hold or sell securities.

Stock price(indexed) Spread Spread

Stock price(indexed)

Long Short Equity - ExamplePositive return potential independent of market development

Up Market Down Market

38

39

This marketing document is exclusively for use by Professional Clients and Financial Advisers in Continental Europe and Qualified Investors in Switzerland. Data as at 30 June 2016, unless otherwise stated. This document is not for consumer use, please do not redistribute. This marketing document is not subject to regulatory requirements that ensure impartiality of investment recommendations and investment strategy recommendations. Therefore, the prohibition of trading before the release of investment recommendations and investment strategy recommendations does not apply.

Past performance is not a guide to future returns. Where the Invesco IQS team has expressed opinions, they are based on current market conditions and are subject to change without notice. The value of investments and any income will fluctuate (this may partly be the result of exchange-rate fluctuations) and investors may not get back the full amount invested. The fund will invest in derivatives (complex instruments) which will be leveraged resulting in large fluctuations in the value of the fund. There is no guarantee that the long and short positions will succeed in achieving the fund’s objective.

For more information on our funds, please refer to the most up to date relevant fund and share class-specific Key Investor Information Documents, the latest Annual or Interim Reports and the latest Prospectus, and constituent documents. This information is available using the contact details of the issuer and is without charge. Further information on our products is available using the contact details shown.

Whilst great care has been taken to ensure that the information contained herein is accurate, no responsibility can be accepted for any errors, mistakes or omissions or for any action taken in reliance thereon. This marketing document is not an invitation to subscribe for shares in the fund and is by way of information only, it should not be considered financial advice. The performance data shown does not take account of the commissions and costs incurred on the issue and redemption of units. Any reference to a ranking, a rating or an award provides no guarantee for future performance results and is not constant over time. Persons interested in acquiring the fund should inform themselves as to (i) the legal requirements in the countries of their nationality, residence, ordinary residence or domicile; (ii) any foreign exchange controls and (iii) any relevant tax consequences. As with all investments, there are associated risks. This document is by way of information only. Asset management services are provided by Invesco in accordance with appropriate local legislation and regulations. The fund is available only in jurisdictions where its promotion and sale is permitted. Not all share classes of this fund may be available for public sale in all jurisdictions and not all share classes are the same nor do they necessarily suit every investor. Fee structure and minimum investment levels may vary dependent on share class chosen. Please check the most recent version of the fund prospectus in relation to the criteria for the individual share classes and contact your local Invesco office for full details of the fund registration status in your jurisdiction. Please be advised that the information provided in this document is referring to Class A (accumulation - EUR) exclusively. This fund is domiciled in Luxembourg.

Denmark, Portugal: The fund is not registered for public distribution in these jurisdictions. This document is provided only at the request of a Professional Client or Qualified Investor and is intended for the sole use of this person. Germany, Austria and Switzerland: Subscriptions of shares are only accepted on the basis of the most up to date legal offering documents. The legal offering documents (fund & share class specific Key Investor Information Document, prospectus, annual & semi-annual reports, articles & trustee deed) are available free of charge at our website www.invescoeurope.com and in hardcopy and local language from the issuers: Invesco Asset Management Deutschland GmbH, An der Welle 5, D-60322 Frankfurt am Main, Invesco Asset Management ÖsterreichGmbH, Rotenturmstrasse 16-18, A-1010 Vienna. Issued in Switzerland by Invesco Asset Management (Schweiz) AG, Talacker 34, CH-8001 Zurich, who acts as a representative for the funds distributed in Switzerland. Paying agent for the funds distributed in Switzerland: BNP PARIBAS SECURITIES SERVICES, Paris, succursale de Zurich, Selnaustrasse 16, CH-8002 Zurich. CE 1580 /2016

Important information