Select Pool will make changes to certain operational practices. Finally, purchases and certain switches into the Deferred Sales Charge option, the Low Load option and the Lower Load 4 option of each Invesco Canada fund will be closed effective on or about May 31,
TORONTO – July 29, 2021 – Invesco Canada Ltd. (“Invesco”) today announced changes to
its mutual fund product line. Two funds will change their names, two funds will change their
investment strategies and two funds will change their portfolio management team. In
addition, three fund’s investment risk rating will be revised, and Invesco Emerging Markets
Select Pool will make changes to certain operational practices. Finally, purchases and
certain switches into the Deferred Sales Charge option, the Low Load option and the Lower
Load 4 option of each Invesco Canada fund will be closed effective on or about May 31,
2022.
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Investment strategies, portfolio management team and fund name changes
Effective July 30, 2021, Invesco Canadian Endeavour Fund and Invesco Active Multi-Sector
Credit Fund will change their investment strategies.
The Invesco Canadian Endeavour Fund investment strategies enhancement will provide a
solution for investors looking for a pure asset allocation to Canadian equities within their
overall portfolio, as the fund will typically be 100% invested in Canadian equities but may
invest 10% of its non-cash assets in foreign equities. This change offers investors a high
conviction, low turnover portfolio that is diversified by business idea and industry, while being
committed to a stable and predictable geographic allocation.
The Invesco Active Multi-Sector Credit Fund investment strategies enhancement
implements a new “optimized yield approach” to the fund’s strategic asset allocation meant
to be more dynamic, forward looking and better optimize for yield per unit of risk. The fund
continues to be focused on nimble, tactical allocation across fixed-income assets, security
selection as a driver of alpha, and the identification and implementation of opportunistic
ideas within a highly risk-controlled investment process.
In addition, effective July 30, 2021, Invesco Canadian Endeavour Fund and Invesco
Canadian Opportunity Class will change their names to Invesco Pure Canadian Equity Fund
and Invesco Pure Canadian Equity Class, respectively, and change their portfolio
management team as follows:
Current portfolio management team Revised portfolio management team
Clayton Zacharias
Alan Mannik
Brian Tidd
David Pirie
Press Release
For immediate release
Invesco Canada announces product
enhancements
Contact: Matthew Chisum [email protected] 212.652.4368
Invesco regularly conducts an extensive review of its products to ensure they continue to
meet the evolving needs of advisors and investors; and is making these changes to offer an
enhanced lineup that better meets investor demand and expectations.
Risk Ratings Change
Invesco has also revised its investment risk ratings for the following funds:
Fund Previous investment
risk rating
New investment
risk rating
Invesco Canadian Preferred Share
Index ETF Class
Low to Medium Medium
Invesco FTSE RAFI Emerging Markets
ETF Class
High Medium to High
The risk rating changes were made in accordance with the risk classification methodology
set by the Canadian Securities Administrators to determine the investment risk level of
mutual funds, not a result of any changes to the investment objectives or strategies of the
fund.
Operational Practices of Invesco Emerging Markets Pool
Invesco Emerging Market Select Pool will make changes to some of its operational
practices in order to align those practices to that of other investment funds managed by
Invesco. These changes will be effected by amending the fund’s Amended and Restated
Declaration of Trust.
Restriction on Deferred Sales Charge
As a result of regulatory changes, effective on or about May 31, 2022 (i) purchases into the
Deferred Sales Charge option, the Low Load option and the Lower Load 4 option of an
Invesco fund will no longer be permitted, and (ii) switches from the Sales Charge option into
the Deferred Sales Charge option, the Low Load option and the Lower Load 4 option of an
Invesco fund will no longer be permitted. Holders of units and/or shares purchased prior to
on or about May 31, 2022 under the Deferred Sales Charge option, the Low Load option
and the Lower Load 4 option will continue to hold those shares and/or units under the
relevant purchase option.
Please contact Invesco at 1.800.874.6275. You can also connect with Invesco on Twitter
(@InvescoCanada), LinkedIn, Facebook, or through the Invesco Canada blog.
About Invesco Ltd.
Invesco Ltd. (Ticker NYSE: IVZ) is a global independent investment management firm dedicated
to delivering an investment experience that helps people get more out of life. Our distinctive
investment teams deliver a comprehensive range of active, passive and alternative investment
capabilities. With offices in more than 20 countries, Invesco Ltd. managed US$1.5 trillion in
assets on behalf of clients worldwide as of June 30, 2021. For more information, visit
invesco.com.
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Commissions, trailing commissions, management fees and expenses may all be associated with
mutual fund investments. Mutual funds are not guaranteed, their values change frequently and
past performance may not be repeated. Please read the simplified prospectus before investing.
Copies are available from your advisor or from Invesco Canada Ltd.
Invesco is a registered business name of Invesco Canada Ltd.
Invesco® and all associated trademarks are trademarks of Invesco Holding Company Limited,
used under licence.
© Invesco Canada Ltd., 2021
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