Invesco Pan European Equity Long/ShortFundA (CHF Hgd)-Acc Shares31 May 2018This marketing document is intended for investors in Switzerland only.

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*Source: © 2018 Morningstar. Indexed performance: Performance of an investment of 100 in share class currency. Gross income re-invested to 31 May 2018unless otherwise stated. The figures do not reflect the entry charge payable by individual investors. All performance data on this factsheet is in the currency of theshare class, apart from the index performance which is shown in EUR. The performance shown does not take account of the commissions and costs incurred onthe issue and redemption of units. Reference Index Source: Bloomberg. There is currently a discretionary cap on the ongoing charge of 1.70% in place. Thisdiscretionary cap may positively impact the performance of the Share Class.

Summary of fund objectiveThe fund aims to achieve a positive totalreturn over a market cycle with amoderate correlation to traditionalEuropean equity indices. The fund seeks toachieve its objective via a long/shortallocation primarily to equities ofcompanies with their registered office in aEuropean country or exercising theirbusiness activities predominantly inEuropean countries which are listed onrecognised European stock exchanges. Forthe full objectives and investment policyplease consult the current prospectus.

Key facts

Martin KolrepFrankfurt am MainManaged fund sinceDecember 2016

Georg ElsaesserFrankfurt am MainManaged fund sinceDecember 2016

Share class launch07 December 2016Original fund launch 07 December 2016Legal statusLuxembourg SICAV with UCITS statusShare class currencyCHFShare class typeAccumulationFund sizeEUR 10.76 mn Reference indexEuribor 3 Month Index (EUR)Bloomberg codeIPEEACH LXISIN codeLU1502195313Settlement dateTrade Date + 3 DaysValor-Number35033411

Quarterly fund commentaryEuropean equity markets retreated in the first quarter of 2018. While February’s pullbackwas set off by rising inflation and interest rate concerns, March’s drop was caused by globaltrade worries. U.S. President Donald Trump vowed to impose tariffs on foreign steel andaluminium, leading to a selloff in global equity markets. The fund concentrates on stocks withattractive risk-return profiles as identified by a systematic investment process which is basedon four concepts: Earnings Momentum, Price Momentum, Quality and Value. The fund aimsto achieve a positive total return over a market cycle with a moderate correlation totraditional European equity indices. The fund seeks to achieve its objective via a long/shortallocation primarily to equities of companies with their registered office in a Europeancountry or exercising their business activities predominantly in European countries which arelisted on recognised European stock exchanges. In the first quarter of 2018, the fundrecorded a negative total return. Our multi-factor model showed a positive contribution frommomentum-related factors (Earnings Momentum, Price Momentum). On the other hand,Quality and Value factors had a negative impact on return. The fund´s net long exposure toequity markets also weighed on performance.

Indexed performance 7 December 2016 - 31 May 2018*Fund Index

11/16 05/17 09/17 01/18 05/1880

90

100

110

Each period starts at the end of the indicated month. The first indicated month may not represent a fullmonth and may start only on the launch/restructuring date indicated in the headline.

Cumulative performance*in % YTD 1 month 1 year 3 years Since inception

Fund 0.85 2.49 2.20 - 6.90

Index -0.14 -0.03 -0.33 - -0.49

Calendar year performance*in % 2013 2014 2015 2016 2017

Fund - - - - 5.58

Index - - - - -0.33

Standardised rolling 12 month performance*31.05.13 31.05.14 31.05.15 31.05.16 31.05.17

in % 31.05.14 31.05.15 31.05.16 31.05.17 31.05.18

Fund - - - - 2.20

Index - - - - -0.33Past performance is not a guide to future returns.

Invesco Pan European Equity Long/Short FundA (CHF Hgd)-Acc Shares31 May 2018

-2-Source: *Invesco. Portfolio weightings and allocations are subject to change. The weightings for each breakdown are rounded to the nearest tenth orhundredth of a percent; therefore, the aggregate weights for each breakdown may not equal 100%.

Largest Sector Weights*Fund Long

%Fund Short

%Net Exposure

%

Industrials 27.17 -14.82 12.35

Consumer Discretionary 23.45 -8.84 14.62

Materials 14.44 -5.12 9.33

Information Technology 12.36 -5.93 6.42

Health Care 10.18 -2.32 7.86

Consumer Staples 9.57 -1.70 7.87

Energy 7.58 -3.05 4.53

Financials 6.57 -4.37 2.20

Telecommunications 2.62 -0.90 1.72

Utilities 1.17 -0.99 0.17

Largest Country Weights*Fund Long

%Fund Short

%Net Exposure

%

United Kingdom 43.41 -16.72 26.69

Germany 13.26 -8.09 5.17

Switzerland 10.42 -0.96 9.46

France 9.50 -5.03 4.48

Sweden 8.82 -2.88 5.93

NAV and fees

Current NAVCHF 10.69 12 month price highCHF 10.92 (19/01/2018)12 month price lowCHF 10.06 (02/03/2018)Minimum investment 1

CHF 1,500Entry chargeUp to 5.00%Annual management fee1.4%Ongoing charges1.70% (31/08/2017)

Top 10 long positions %*Holding Sector Fund

BHP Billiton Materials 1.7

Jenoptik Information Technology 1.7

Evraz Materials 1.7

Loomis Industrials 1.6

Royal Unibrew Consumer Staples 1.6

Siltronic Information Technology 1.6

Rightmove Information Technology 1.6

Anglo American Materials 1.6

Persimmon Consumer Discretionary 1.6

Ipsen Health Care 1.6

Top 10 short positions %*Holding Sector Fund

Boohoo.com Consumer Discretionary -1.1

Deutsche Wohnen Industrials -1.1

Lundin Petroleum Energy -1.1

Just Eat Information Technology -1.0

Getlink Industrials -1.0

ASML Holding Information Technology -1.0

Cairn Energy Energy -1.0

Micro Focus Information Technology -1.0

Merlin Entertainment Consumer Discretionary -1.0

Symrise Materials -1.0

Key Characteristics of Holdings*Long Short

Number of stocks 97 59

Average Dividend Yield %** 3.2 2.2

Average Cashflow Yield %** 11.3 7.1

Price / earnings ratio** 16.2 13.5

Price / book ratio** 2.3 1.5

Exposure % 115.1 -48.0

Average Market Capitalisation(in million EUR)

5,864.29 7,209.78

**Weighted average for the stocks to which the fund is exposed.

Invesco Pan European Equity Long/Short FundA (CHF Hgd)-Acc Shares31 May 2018

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Risk Warnings

The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may notget back the full amount invested. The fund uses derivatives (complex instruments) for investment purposes, which may result in the fundbeing significantly leveraged and may result in large fluctuations in the value of the fund. There is no guarantee that the long and shortpositions will succeed in achieving the fund’s objective. The risks described herein are the fund specific material risks. For more informationplease consult the current fund and share class specific Key Investor Information Document (KIID) and for a complete set of risks thecurrent prospectus.

Important Information

1The minimum investment amounts are: USD 1,500 / EUR 1,000 / GBP 1,000 / CHF 1,500 / SEK 10,000. Please contact us orrefer to the most up to date Prospectus for details of minimum investment amounts in other currencies.

Past performance is not an indication of future performance, provides no guarantee for the future and is not constant over time. Investorsmust be aware that their investment may be subject to the risk of adverse foreign exchange rate movements. Where individuals or thebusiness have expressed opinions, they are based on current market conditions, they may differ from those of other investmentprofessionals and are subject to change without notice and are not to be construed as investment advice. This marketing document is notan invitation to subscribe for shares in the fund and is by way of information only, it should not be considered financial advice. As with allinvestments, there are associated risks. This document is by way of information only. Subscriptions of shares are only accepted on thebasis of the most up to date legal offering documents. These documents (fund & share class specific Key Investor Information Document,prospectus, annual & semi-annual reports, articles and trustee deeds) are available free of charge at our website www.invesco.ch and fromthe representative in Switzerland. This document is marketing material and is not intended as a recommendation to invest in any particularasset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations aretherefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, itshould not be relied upon as recommendations to buy or sell securities. The ongoing charges figure is based on annualised expenses forthe period ending 31/08/2017. This figure may vary from year to year. It excludes portfolio transaction costs except in the case of anentry or exit charge paid by the Fund when buying or selling shares/units in another fund. Additional expenses and taxes may be incurredby investors which are not billed through the fund management firm. This document is by way of information only and does not form partof any prospectus. This document is issued in Switzerland by Invesco Asset Management (Schweiz) AG, Talacker 34, CH-8001 Zurich, whoacts as representative for the funds distributed in Switzerland. Paying agent for the funds distributed in Switzerland: BNP PARIBASSECURITIES SERVICES, Paris, succursale de Zurich, Selnaustrasse 16, CH-8002 Zurich. The fund is domiciled in Luxembourg. Ongoingcharges and any other fees, commissions, charges and expenses, as well as taxes, payable through the fund, are disclosed in the fund’sKey Investor Information Document. Other costs, including taxes, related to transactions in connection with the fund may arise directly forthe client. Any reference to a ranking, a rating or an award provides no guarantee for future performance results and is not constant overtime. Opinions expressed are those of the author or Invesco and can change without notice. No part of this material may be copied,photocopied or duplicated in any form by any means or redistributed without Invesco’s prior written consent.

© 2018 Morningstar. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers;(2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its contentproviders are responsible for any damages or losses arising from any use of this information.