9 0 (4 4 & 9 05% & 54 / 4 (& 4 8& 9 0 (4 4 & 9 05% & 54 / 4 (& 4 8 & d 3 f ( f =c e l e l (/& !& 05 /4 5!& 0 g"= 2 b f 0 =b 2 c.+0 " b5# & e 6bd 3 1 3 b# e # e bbb 0 g"= 2 b +=c

Invesco UK Investment Grade Bond Fund31 December 2020

Morningstar RatingTM*AAA

Invesco Funds Hotline: (852) 3191 8282 Invesco Distributors Hotline: (852) 3191 8000 Fax: (852) 3128 6500 Email: [email protected] Website: www.invesco.com/hk

Important Information

202008(AP1199)

Prospectus andFinancial Reports

KFS of the fund

The fund uses derivatives (complex instruments) for investment purposes, which may result in the fund being significantly leveraged and may result in large fluctuations in the value of the fund. Theinvestment performances are denominated in GBP. US/HK dollar-based investors are therefore exposed to fluctuations in exchange rates. Derivatives and cash equivalent instruments are excluded in thecalculation of Top 10 holdings. Investment involves risks. Past performance is not indicative of future performance. Investors should read the relevant prospectus for details, including the risk factors andproduct features. This material has not been 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). ©2020 Morningstar, Inc. All rightsreserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is provided for reference purposes only. NeitherMorningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Asset allocation data is derived by Morningstar using full holdings data provided byInvesco. 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 eachbreakdown may not equal 100%.*Source: Data as of the date of this document. Performance of the share class(es) and Morningstar rating are sourced from ©2020 Morningstar. Index performance is sourced from Invesco. Morningstarrating (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 to NAV, gross income re-invested in share classcurrency.

Important Information

- The Fund invests in a managed portfolio of the United Kingdom and international fixed income and money market securities.- Investors should note the credit risk, liquidity risk, interest rate risk, concentration risk of investing in Sterling bonds, risk of investing in perpetual bonds, risk associated with investments in debt instruments with loss-absorption features including senior non-preferred debts, contingent convertible bonds which are subject to the risk of being written down or converted to ordinary shares upon the occurrence of pre-defined triggerevents and may result in a significant or total reduction in the value of such instruments, currency exchange risk, credit rating risk, volatility risk, and general investment risk.

- Financial derivative instruments (FDI) may be used for efficient portfolio management and hedging purpose and for investment purposes. Risks associated with FDI include counterparty/credit risk, liquidity risk,valuation risk, volatility risk and over-the-counter transaction risk. As a result of the use of FDI for investment purposes, investors should note the additional/high leverage risk. Also, the active FDI positions implementedby the Fund may not be correlated with its underlying securities positions held by the Fund which may lead to a significant or total loss to the Fund.

- 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

Aims at providing investors with sterling income from a managed portfolio of UK andinternational fixed income and money market securities. Investment will predominatelyoccur in sterling bonds and money market instruments of investment grade quality.

Key facts

Fund manager Luke Greenwood, Lyndon ManShare class launch dateA (GBP)-QD Shares 11/12/06Legal Status Luxembourg SICAV with UCITS statusShare class currency GBPFund Size GBP 71.67 mnInitial Charge (up to) 5.00%Annual Management Fee 0.625%Reference Benchmark ICE BofAML Sterling Broad Market Index

References IVRSCode

Bloomberg code ISIN code

A(GBP)-QD Shares 715 INUIGAI LX LU0267985660

Yield %

Gross Current Yield 2.71Gross Redemption Yield 1.42The current yield of a bond fund is the average current yield of underlying bonds in grossin the portfolio. Current yield of an individual bond refers to the annual interest dividedby the market price of a bond. The figure is not the dividend yield received by theinvestors. For annualized dividend yield, please refer to Distribution information.

3 year characteristics*

A (GBP)-QD SharesVolatility 5.60Volatility 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*

Invesco UK Investment Grade Bond Fund (A (GBP)-QD Shares) Benchmark

12/15 12/16 12/17 12/18 12/19 12/2090

100

110

120

130

140

Cumulative performance*

% YTD 1 year 3 years 5 yearsA (GBP)-QD Shares 8.08 8.08 14.79 31.98Benchmark 8.33 8.33 16.84 32.64

Calendar year performance*

2016 2017 2018 2019 202011.19 3.41 -2.65 9.09 8.0810.61 2.64 -0.12 7.99 8.33

Distribution information(Aims to pay dividend on monthly/quarterly/semi-annual/ annual basis. Dividend is not guaranteed.)

Intendedfrequency Record date Amount/Share Annualized

dividend (%)A (GBP)-QD Shares Quarterly 30/11/20 0.0040 1.39%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 in value (or its equivalent) will be automatically applied in the purchase of further shares of the same class. Positivedistribution yield does not imply a positive return.

Duration distribution(average duration: 10.1)

in %

0-1 year 8.0

1-3 years 9.1

3-5 years 20.1

5-7 years 7.6

7-10 years 9.5

10-15 years 12.6

15+ years 33.1

Maturity distributionin %

0-3 years 9.2

3-7 years 18.5

7-10 years 7.9

10-15 years 5.3

15+ years 59.0

Holding (total holdings: 182)

Top 10 holdings %

United Kingdom Gilt 3.500 Jan 22 45 7.0United Kingdom Gilt 4.250 Dec 07 40 5.1United Kingdom Gilt 4.250 Sep 07 39 4.7United Kingdom Gilt 3.250 Jan 22 44 4.7United Kingdom Gilt 4.750 Dec 07 38 3.6United Kingdom Gilt 4.500 Dec 07 42 3.1United Kingdom Gilt 4.250 Dec 07 46 3.1United Kingdom Gilt 3.750 Jul 22 52 2.1United Kingdom Gilt 4.500 Sep 07 34 1.8University of Oxford 2.544 Dec 08 17 1.8

Currency exposure %

British Pound Sterling 99.7Euro 0.3

Sector weightings %Corporate 52.9Financials 25.5Industrial 23.4Utility 4.0Fund 0.7Non-US Govt/Agency 44.3Cash 2.1

Credit ratings average rating: A%

AAA 0.9AA 44.2A 11.2BBB 32.5BB 8.5Not Rated 0.7Cash 2.1

1

FOR THE ATTENTION OF HONG KONG INVESTORS

This statement provides you with key information about this product. This statement is a part of the Prospectus and should be read in conjunction

with the Prospectus. You should not invest in this product based on this statement alone.

Quick Facts

Fund Manager/ Management Company: Invesco Management S.A.

Investment Manager(s): Invesco Asset Management Limited, located in the UK. (Internal delegation)

Base Currency: British Pound

Custodian (Depositary): The Bank of New York Mellon SA/NV, Luxembourg Branch

Dealing Frequency : Daily

Financial Year End: The last day of February

Ongoing charges over a year:

Class A quarterly distribution – GBP Class C quarterly distribution – GBP

0.83%** 0.60%**

** The ongoing charges figure is estimated based on the expected annualized total of charges (excluding portfolio transaction costs) expressed as a percentage of the average net asset value over the same period taking into accountany discretionary cap on ongoing charges or on operational expenses that has been imposed, the details of which are set out in the Supplement – Additional Information for Hong Kong Investors. The Management Company may from time to time apply a discretionary cap on ongoing charges or on operational expenses. Such discretionary cap may beapplied or removed at the absolute discretion of the Management Company in the best interest of investors, with a view to keeping the ongoing charges competitive. The cap may vary from year to year and any actual fees incurred which are above the capped level will be borne by the Management Company. The ongoing charges figure may also vary from year to year.

Dividend Policy: Net Income distribution (Dividends, if any, will be paid to investors)

Minimum Investment/ Minimum Subscription Amount: Share class A C Initial (in any of the USD1,500 USD1,000,000 dealing currencies EUR1,000 EUR800,000 listed in the GBP1,000 GBP600,000 Application Form) HKD10,000 HKD8,000,000

JPY120,000 JPY80,000,000 AUD1,500 AUD1,000,000 CAD1,500 CAD1,000,000

NZD2,000 NZD1,200,000 Additional - -

What is this product? Invesco UK Investment Grade Bond Fund (the “Fund”) is a fund constituted in the form of a mutual fund. It is domiciled in Luxembourg and its home regulator is the CSSF, Luxembourg supervisory authority.

Objectives and Investment Strategy

PRODUCT KEY FACTSInvesco UK Investment Grade Bond Fund

A sub-fund of Invesco Funds (SICAV)

Issuer: Until 15 January 2020, Invesco Asset Management Asia Limited 20 December 2019 From 16 January 2020, Invesco Hong Kong Limited

Invesco UK Investment Grade Bond Fund

2

The primary objective of the Fund is to provide investors with Sterling income from a managed portfolio of the United Kingdom and international fixed income and money market securities.

The Fund will invest primarily (at least 70% of the net asset value of the Fund) in Sterling bonds and money market instruments of investment grade quality. The proportion invested in fixed interest securities and money market instruments will vary as circumstances dictate. Non-Sterling securities may also be included in the portfolio but such securities may be protected in Sterling terms by hedging techniques. The Fund may also invest in equity convertible bonds up to a maximum of 20% of the Fund’s net asset value.

The Fund may invest in debt instruments with loss-absorption features ("LAP"), including contingent convertible debt securities and debt instruments meeting the qualifying criteria to be Additional Tier 1 Capital or Tier 2 Capital under the Banking (Capital) Rules and debt instruments issued under an equivalent regime of non-Hong Kong jurisdictions, in addition to senior non-preferred debt with a bail-in flag on Bloomberg or any other debt security with a bail-in flag, as classified by Bloomberg. These instruments may be subject to contingent write-down or contingent conversion to ordinary shares on the occurrence of trigger event(s). The Fund's expected total maximum investments in LAP will be up to 40% of its net asset value.

The Fund can invest up to 30% of its net assets in cash and money market instruments.

Less than 30% of the NAV of the Fund may be invested in debt securities which are unrated (debt securities which are not rated by any international rating agency such as Moody’s, Standard & Poor’s and Fitch) and/or whose credit rating is below investment grade (below investment grade is defined as credit rating that is below BBB- from Standard & Poor’s and Fitch, or below Baa3 from Moody’s or an equivalent rating from an internationally recognized rating agency).

Until 26.01.2020

The Fund may use derivatives (including but not limited to futures, forwards, non-deliverable forwards, swaps and complex options structures) for hedging and efficient portfolio management purposes. Such derivatives may also incorporate derivatives on derivatives (i.e. forward dated swaps, swap options). The Fund may, from time to time, sell interest rate futures in order to reduce participation in the bond markets or to produce gains for the Fund in falling bond markets. However, financial derivative instruments will not be extensively used for investment purposes (i.e. entering into financial derivative instruments to achieve the investment objectives).

From 27.01.2020

The Fund may enter into financial derivatives instruments for efficient portfolio management, hedging purposes and not extensively for investment purposes. The Fund's use of derivatives may include derivatives on credit, rates, currencies and volatility and may be used to achieve both long and short positions, which overall will not result in the Fund being directionally short or short any asset class. In addition, the Fund will not have uncovered short positions, in line with appropriate UCITS regulatory requirements. The Fund may also use derivatives on equities, where the investment manager believes that such investment could reduce drawdowns. The long and short active financial derivative positions (including active currency/interest rate/credit/volatility and equity positions) implemented by the Fund may not be correlated with the underlying securities positions held by the Fund (i.e. fixed income and money market securities). The expected proportion of the net asset value of the Fund subject to total return swaps is 5%. Under normal circumstances, the maximum proportion of the net asset value of the Fund subject to total return swaps is 30%.

Use of derivatives / investment in derivatives The Fund’s net derivative exposure1 may be up to 50% of the Fund’s net asset value.

What are the key risks? Investment involves risks. Please refer to the Prospectus for details including the risks factors.

General investment risk - There can be no assurance that the Fund will achieve its investment objective. The instruments invested by the Fund may fall in value due to any of the key risk factors below and therefore your investment in the Fund may suffer losses. There is no guarantee of the repayment of principal.

Currency exchange risk - The Fund’s assets may be invested in securities denominated in currencies other than the base currency of the Fund. Also, a class of shares may be designated in a currency other than the base

1 Please refer to the offering document for details regarding the calculation methodology of net derivative exposure.

Invesco UK Investment Grade Bond Fund

3

currency of the Fund. The net asset value of the Fund may be affected unfavorably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls.

Volatility risk - Investors should note that volatility in the Fund's investment portfolio may result in large fluctuations in the net asset value of the Fund which may adversely affect the net asset value per share of the Fund and investors may as a result suffer losses.

Credit risk

Investment in bonds, debt or other fixed income securities (including corporate and sovereign bonds) are subject to the risk that issuers do not make payments on interest and principal of such securities. An issuer suffering from an adverse change in its financial condition could lower the quality of a security leading to greater price volatility on that security.

Securities which were investment grade at the time of acquisition may be downgraded. The risk of any such downgrading will vary over time. The Fund’s investment policy does not specifically require the Fund to sell such securities if they should fall below investment grade. Besides, the Investment Manager and/or Investment Sub-Manager (if applicable) may not be able to dispose of the debt instruments that are being downgraded. Investments in below investment grade securities carry a higher risk of default and therefore may adversely impact the Fund and/or the interests of investors.

Risk of investing in perpetual bonds - The Fund is permitted to invest in perpetual bonds. Perpetual bonds (bonds without a maturity date) may be exposed to additional liquidity risk in certain market conditions. The liquidity for such investments in stressed market environments may be limited, negatively impacting the price they may be sold at, which in turn may negatively impact the Fund’s performance.

Interest rate risk - The bonds or fixed income securities that the Fund invests in may fall in value if the interest rates change and this will adversely impact the net asset value of the Fund. In general, the prices of debt securities rise when interest rates fall, whilst their prices fall when interest rates rise. Longer term debt securities are usually more sensitive to interest rate changes.

Liquidity risk - The Fund may be adversely affected by a decrease in market liquidity for the securities in which it invests where some of the Fund’s securities may become illiquid and the Fund may experience difficulties in selling securities at a fair price within a timely manner.

Credit rating risk - Credit ratings assigned by rating agencies are subject to limitations and do not guarantee the creditworthiness of the security and/or issuer at all times.

Concentration risk

As the Fund will invest primarily in Sterling bonds, such concentration may exhibit a higher than usual degree of risk and the Fund may be subject to above average volatility. The diversification benefits that would ordinarily accrue from investment in a fund having a more diverse portfolio of investments, may not apply to this Fund.

The value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event and natural disaster affecting the UK market.

Risk of investing in financial derivative instruments ("FDI") for efficient portfolio management and hedging purposes and for investment purposes - Investments of the Fund may be composed of FDI used for efficient portfolio management or to attempt to hedge or reduce the overall risk of its 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 FDI may lead to a high risk of significant loss by the Fund. As well as the risks identified above, the Fund may use derivatives for investment purposes and may be exposed to additional leveraged risk, which may result in significant fluctuations of the net asset value of the Fund and/or extreme losses where the Investment Manager is not successful in predicting market movements. This in turn may lead to an increase in the risk profile of the Fund.

Risks of implementing active FDI positions not correlated with underlying asset of the Fund - As the active FDI positions (including active currency/interest rate/credit/volatility and equity positions) implemented by the Fund may not be correlated with the underlying securities positions held by the Fund (i.e. fixed income and money market securities), the Fund may suffer a significant or total loss even if there is no loss of the value of the underlying securities positions (i.e. fixed income and money market securities) held by the Fund.

Risks associated with investments in debt instruments with loss-absorption features (LAP)

- Debt instruments with loss-absorption features are subject to greater risks when compared to traditional debt instruments as such instruments are typically subject to the risk of being written down or converted to

Invesco UK Investment Grade Bond Fund

4

ordinary shares upon the occurrence of a pre-defined trigger event(s) (e.g. when the issuer is near or at the point of non-viability or when the issuer’s capital ratio falls to a specified level), which are likely to be outside of the issuer’s control. Such trigger events are complex and difficult to predict and may result in a significant or total reduction in the value of such instruments.

- In the event of the activation of a trigger, there may be potential price contagion and volatility to the entire asset class. Debt instruments with LAP may also be exposed to liquidity, valuation and sector concentration risk.

- The Fund may invest in contingent convertible debt securities, commonly known as CoCos, which are highly complex and are of high risk. Upon the occurrence of the trigger event, CoCos may be converted into shares of the issuer (potentially at a discounted price), or may be subject to the permanent write-down to zero. Coupon payments on CoCos are discretionary and may be cancelled by the issuer at any point, for any reason, and for any length of time.

- The Fund may invest in senior non-preferred debts. While these instruments are generally senior to subordinated debts, they may be subject to write-down upon the occurrence of a trigger event and will no longer fall under the creditor ranking hierarchy of the issuer. This may result in total loss of principal invested.

How has the Fund performed?

The Fund Manager views Class A quarterly distribution - GBP (the “Share Class”), being the focus share class of the Fund available to the public of Hong Kong, as the most appropriate representative unit class.

Fund launch date: 11 December 2006. Share Class launch date: 11 December 2006. The base currency of the Fund is GBP. Past performance of the Share Class is calculated in GBP. Performance is calculated after deduction of ongoing charges

and is inclusive of gross income reinvested. Any entry/exit charges shown are excluded from the calculation.

Past performance is not a guide to future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the

calendar year end, NAV-To-NAV, with dividend reinvested. These figures show by how much the Share Class increased or

decreased in value during the calendar year being shown. Where no past performance is shown, there was insufficient

data available in that year to provide performance.

Is there any guarantee? The Fund does not have any guarantees. You may not get back the full amount of money you invest.

What are the fees and charges? Charges which may be payable by you

You may have to pay the following fees when dealing in the shares of the Fund.

Fee What you pay

Subscription fee/ Initial charge

Class A: Not exceeding 5.00% of the gross investment amount. Class C: Not exceeding 5.00% of the gross investment amount.

Switching fee Up to 1.00% of the value of the shares being switched.

Redemption fee N/A

Ongoing fees payable by the Fund

The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your

(From 27 January 2020) The performance shown in the chart above was based on an investment objective and policy that no longer applies, with certain changes being made to the Fund on 27 January 2020.

Invesco UK Investment Grade Bond Fund

5

investments.

Annual rate (as a % of the Fund’s value)

Management fee* Class A: 0.625% Class C: 0.40%

Custodian fee/ Depositary charge

Up to 0.0075%

Performance fee N/A

Administration fee N/A

Distribution fee Class A: N/A Class C: N/A

Service agents fee Class A: Up to 0.27% Class C: Up to 0.20%

* The fees can be increased subject to the prior approval of the Securities and Futures Commission ("SFC") and by giving not less than three months’ prior notice to the investors.

Other fees

You may have to pay other fees when dealing in the shares of the Fund.

Additional Information You generally buy and redeem shares at the Fund’s next-determined net asset value after the Hong Kong Sub-

Distributor and Representative receives your request in good order on or before 5:00pm, Hong Kong time, being the Fund’s dealing cut-off time. Before placing your subscription or redemption orders, please check with your distributor for the distributor’s internal cut-off time (which may be earlier than the Fund’s dealing cut-off time).

The net asset value of the Fund is calculated each “Business Day” as defined in the Prospectus and the price of shares is published each Hong Kong business day (i.e. a day on which banks in Hong Kong are open for normal banking business) at www.invesco.com.hk. This website has not been reviewed by the SFC.

Investors may obtain the past performance information of other share classes offered to Hong Kong investors at www.invesco.com.hk. This website has not been reviewed by the SFC.

Investors may obtain other information of this product at www.invesco.com.hk. This website has not been reviewed by the SFC.

Important If you are in doubt, you should seek professional advice.

The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness.

景順英國高質債券基金2020年 12月 31日

Morningstar星號評級TM*

AAA

景順基金熱線：(852) 3191 8282 景順分銷代理熱線：(852) 3191 8000 傳真：(852) 3128 6500 電子郵件：[email protected] 網址 : www.invesco.com/hk

重要提示

20

20

08

(AP

11

99

)

銷售文件詳情

產品資料概要

基金會為投資目的而運用衍生工具（複雜工具），致使其運用大量槓桿，或導致基金價值大幅波動。投資表現以英鎊計算。以美元或港元作出投資的投資者，需承受兌換匯率的波動風險。衍生工具和相等於現金價值之工具不計入持量最多之十項投資。投資附帶風險。過往業績並不表示將來會有類似業績。投資者應細閱有關基金章程，並參閱有關產品特性及其風險因素。此文件未經證券及期貨事務監察委員會審閱，並由景順投資管理有限公司(Invesco Hong Kong Limited)刊發。©2020 版權為 Morningstar Inc. 所有。本報告所包含的資料：(一) 屬於 Morningstar及其資料提供商的專利； (二) 不可複印或分發及 (三) 僅作參考用途。Morningstar及其資料來源提供商不會就使用本報告而引起的任何賠償或損失承擔責任。資產配置相關數據是 Morningstar參考景順(Invesco) 所提供的基金之所有持股資料作計算。 Morningstar之特許工具和內容是由交互式數據管理方案作支援。除另有說明外，所有數據均截至本文件之日期及由景順提供。投資組合比重與分佈將不時變動。各項投資分佈數據的總和可因小數進位情況而不相等於100。*資料來源：所有數據均截至本文件之日期。股份類別表現及Morningstar星號評級資料來自©2020 Morningstar。 參考指數表現來自景順。Morningstar星號評級 (如有) 是指基金表現圖表所示的股份類別。股份類別投資表現以資產淨值對資產淨值以股份類別貨幣計算，其股息作滾存投資。

重要提示

- 本基金投資於由英國及國際定息及貨幣市場證券組成的管理投資組合。- 投資者務請留意信用風險, 流通性風險, 利率風險, 投資於英鎊債券的集中風險, 投資於永續債券的風險, 有關投資於具有吸收虧損特點的債務工具包括高級非優先債務，或有可轉換債券相關的風險，因為當發

生預設觸發事件時，該等工具一般須承受被撇減或轉換為普通股的風險，並可能令該等工具的價值大幅下降，甚至降至毫無價值, 貨幣匯兌風險, 信貸評級風險, 波動風險, 一般投資風險。- 本基金可為有效率投資組合管理及對沖目的而投資金融衍生工具以及為投資目的而投資金融衍生工具。與金融衍生工具相關的風險包括交易對方／信用風險、流通性風險、估值風險、波動風險及場外交易風

險。投資者亦需注意本基金為投資目的而運用衍生工具產生額外/高槓桿風險。本基金所實施的主動金融衍生工具持倉未必與本基金所持相關證券持倉有關，本基金可能因而蒙受重大或全盤損失。- 本基金價值可以波動不定，並有可能大幅下跌。- 投資者不應單憑本文件而作出投資決定。

投資目標及政策概要

旨在透過一項由英國及國際定息及貨幣市場證券組成的管理投資組合，為投資者提供英鎊收入。投資項目主要為質素達投資級別的英鎊債券及貨幣市場工具。

基金基本資料

基金經理 Luke Greenwood, Lyndon Man

股份類別推出日期A(英鎊)每季派息股份 11/12/06

法律地位 盧森堡SICAV，UCITS地位

股份類別貨幣 英鎊

基金總值 英鎊 71.67 百萬

首次認購費(最高) 5.00%

每年管理費 0.625%

參考指數 ICE BofAML Sterling Broad Market Index

參考 互動語音系統代碼

彭博代碼 ISIN代碼

A(英鎊)每季派息股份 715 INUIGAI LX LU0267985660

收益率 %

總現時收益率 2.71

總贖回收益率 1.42

債券基金的現時收益率指組合內債券之平均總現時收益率。個別債券的現時收益率為年度利息收益除以現時市價的比率。有關年息率，請參閱派息資料。

基金特點(三年)*

A(英鎊)每季派息股份

波幅 5.60

波幅是根據基金在過去3年的每年回報以標準誤差及基金之基本貨幣計算。

景順英國高質債券基金 (A(英鎊)每季派息股份) 參考指數

12/15 12/16 12/17 12/18 12/19 12/2090

100

110

120

130

140

累積表現*

% 年初至今 1年 3年 5年

A(英鎊)每季派息股份 8.08 8.08 14.79 31.98

參考指數 8.33 8.33 16.84 32.64

年度表現*

2016 2017 2018 2019 2020

11.19 3.41 -2.65 9.09 8.08

10.61 2.64 -0.12 7.99 8.33

派息資料(旨在每月/季/半年/年派息，派息並不保證。)

擬分配頻率 記錄日 每股派息 年息率 (%)

A(英鎊)每季派息股份 每季 30/11/20 0.0040 1.39%

年息率(%) = ( 每股派息X 頻率) ÷ 紀錄日單位淨值。基金資產淨值於股息派發之除淨日或會下跌。有關頻率為：每月= 12；每季= 4；每半年=2；每年=1。所有價值不足50美元（或其等值）的股息，均會自動用於增購同類股份。正派息率並不意味著正回報。

存續期分佈

(平均持續時間: 10.1)

in %

0-1年 8.0

1-3年 9.1

3-5年 20.1

5-7年 7.6

7-10年 9.5

10-15年 12.6

15年以上 33.1

期限分佈

in %

0-3年 9.2

3-7年 18.5

7-10年 7.9

10-15年 5.3

15年以上 59.0

Holding (total holdings: 182)

持量最多之十項投資 %

United Kingdom Gilt 3.500 Jan 22 45 7.0

United Kingdom Gilt 4.250 Dec 07 40 5.1

United Kingdom Gilt 4.250 Sep 07 39 4.7

United Kingdom Gilt 3.250 Jan 22 44 4.7

United Kingdom Gilt 4.750 Dec 07 38 3.6

United Kingdom Gilt 4.500 Dec 07 42 3.1

United Kingdom Gilt 4.250 Dec 07 46 3.1

United Kingdom Gilt 3.750 Jul 22 52 2.1

United Kingdom Gilt 4.500 Sep 07 34 1.8

University of Oxford 2.544 Dec 08 17 1.8

貨幣分配 %

英鎊 99.7

歐元 0.3

行業分佈 %

企業 52.9

金融 25.5

工業 23.4

公用事業 4.0

基金 0.7

非美國政府/機構 44.3

現金 2.1

信貸評級分佈 平均評級: A%

AAA 0.9

AA 44.2

A 11.2

BBB 32.5

BB 8.5

沒有評級 0.7

現金 2.1

1

香港投資者注意

本概要提供有關本產品的重要資料。 本概要為章程的一部份，並應與章程一併閱讀。

請勿單憑本概要而投資於本產品。

資料一覽

基金經理／管理公司: Invesco Management S.A.

投資經理: 設於英國的 Invesco Asset Management Limited（內部委任）

基本貨幣: 英鎊

保管人（存管機構）: The Bank of New York Mellon SA/NV, Luxembourg Branch

交易頻密程度: 每日

財政年度終結日: 2 月最後一天

全年持續收費： A（每季派息－英鎊）類別 C（每季派息－英鎊）類別

0.83%** 0.60%**

** 持續收費數據乃根據預計年率化總費用（不包括投資組合交易費用） 估算，並以於同期平均資產淨值的百分率表示，同時亦包括已設定的持續收費或營運支出的任何酌情上限，詳情載於補編-香港投資者補充資料。管理公司可不時對持續收費或營運支出設定酌情上限。在符合投資者最佳利益情況下，管理公司可全權酌情決定設定或撤銷任何酌情上限，以確保各基金的持續收費仍具競爭力。上限可能每年作出調整，而倘若任何實際費用超逾上限水平，差額將由管理公司承擔。持續收費數據可能每年作出調整。

股息政策: 淨收入分派（股息（如有）將會向投資者派付）

最低投資額／最低認購額： 股份類別 A C 首次（申請表格所列 1,500 美元 1,000,000 美元 任何交易貨幣） 1,000 歐元 800,000 歐元 1,000 英鎊 600,000 英鎊 10,000 港元 8,000,000 港元

120,000 日圓 80,000,000 日圓 1,500 澳元 1,000,000 澳元 1,500 加元 1,000,000 加元

2,000 紐元 1,200,000 紐元 其後 - -

本基金是什麼產品？ 景順英國高質債券基金 （「本基金」）乃以互惠基金形式組成的基金，於盧森堡註冊，受盧森堡監管當局 CSSF 監管。

產品資料概要景順英國高質債券基金

景順盧森堡基金系列(SICAV)附屬基金 發行機構： 直至 2020 年 1 月 15 日，景順投資管理亞洲有限公司 自 2020 年 1 月 16 日起，景順投資管理有限公司 2019 年 12 月 20 日

景順英國高質債券基金

2

目標及投資策略

本基金的主要目標，是透過一項由英國及國際定息及貨幣市場證券組成的管理投資組合，為投資者提供英鎊收入。

本基金將主要（本基金最少70%的資產淨值）投資於質素達投資級別的英鎊債券及貨幣市場工具。定息證券及貨幣市場工具所佔的投資比例將視乎情況而有所改變。投資組合亦可包括並非以英鎊計價的證券，惟該等證券可以對沖技巧獲得在英鎊計價方面的保障。本基金並可投資於可換股債券，所佔比例最高為本基金資產淨值的20%。

本基金可投資於具有損失吸收特點的債務工具（「LAP」），除包括彭博具有內部財務重整性質的先償非優先債券或被彭博分類為具有內部財務重整性質的任何其他債務證券以外，亦包括或有可轉換債務證券及符合《銀行業(資本)規則》下額外一級資本或二級資本合資格準則的債務工具以及在非香港司法管轄區的同等制度下發行的債務工具。倘若發生觸發事件，該等工具可能面臨或有減值或或有轉換至普通股份。本基金對LAP的總投資預期最高佔其資產淨值的40%。

本基金可將不超過30%的淨資產投資於現金及貨幣市場工具。

本基金可將少於30%的資產淨值投資於未評級（未經任何國際評級機構（例如穆迪、標準普爾及惠譽）評級的債務證券）及／或信用評級未達投資級別（未達投資級別的定義為標準普爾及惠譽給予BBB-以下，或穆迪給予Baa3以下的信貸評級，或由國際認可評級機構給予同等評級）的證券。

直至2020年1月26日

本基金可為對沖及有效率投資組合管理目的而運用衍生工具，包括（但不限於）期貨、遠期合約、不交收遠期合約、互換及複雜期權結構工具。本基金可不時出售利率期貨以減少參與債券市場或於債券市場下跌時為本基金賺取收益。該等衍生工具並可就衍生工具再訂立衍生工具（即遠期互換、互換期權）。然而，本基金不會為投資目的而廣泛運用金融衍生工具（即訂立金融衍生工具以達致投資目標）。

自2020年1月27日起

本基金可為有效率投資組合管理及對沖目的而運用及為投資目的而非廣泛運用金融衍生工具。本基金所使用的衍生工具可能包括信貸、利率、貨幣及波幅衍生工具，以及可能用於實現好倉及淡倉，而總體而言並不會令基金定向做空或賣空任何資產類別。此外，根據適用的UCITS監管規定，本基金將不會持有無抵押淡倉。倘若投資經理認為股票衍生工具可緩解跌幅，本基金亦會運用該等投資。本基金所實施的好淡主動金融衍生工具持倉（包括主動貨幣／利率／信貸／波幅及股票持倉）未必與本基金所持相關證券持倉（即固定收益及貨幣市場證券）有關。本基金預期投資於總回報掉期的資產淨值比例為5%。在正常情況下，本基金預期投資於總回報掉期的資產淨值最高比例為30%。

衍生工具的運用／投資 基金的衍生工具風險承擔淨額1最多可佔該基金資產淨值的 50%。

有哪些主要風險？ 投資涉及風險。請參閱章程以瞭解詳情（包括風險因素）。

- 一般投資風險 - 本基金不能保證可達致其投資目標。本基金所投資的工具的價值或會因下文任何主要風險因素而下跌，因此閣下於本基金的投資可能蒙受損失。本基金不保證能夠退還本金。

- 貨幣匯兌風險 - 本基金的資產可能投資於並非以本基金基本貨幣計價的證券。此外，股份類別的指定貨幣未必為本基金基本貨幣。本基金的資產淨值可能因該等貨幣與基本貨幣之間的匯率波動或匯率管制變動而受到不利影響。

- 波動風險 - 投資者請注意，本基金投資組合的波動或會導致本基金的資產淨值大幅波動，可能對本基金的每股資產淨值構成不利影響，投資者或會因而蒙受損失。

- 信用風險

- 投資於債券、債務或其他定息證券（包括企業及主權債券）須承擔發行機構不支付該等證券的利息及本金的風險。發行機構的財政狀況若出現逆轉，證券質素即會下降，該證券的價格波動亦會加劇。

- 於購入當時屬投資級別的證券有可能被降級。被降級風險因時而異。本基金的投資政策並無具體規定本基金必須在一旦該等證券被降級至低於投資級別時沽出該等證券。此外，投資經理及／或副投資經理（如適用）可能無法出售被降級的債務工具。投資於未達投資級別證券須承擔較高違約風險，本基金及／或投資者利益可能因此蒙受不利影響 。

- 投資於永續債券的風險 - 本基金獲准投資於永續債券。永續債券（並無到期日的債券）可能在若干市況下承

1 有關衍生工具風險承擔淨額計算方法的詳情，請參閱發售文件。

景順英國高質債券基金

3

擔額外的流通性風險。該等投資項目於受壓市場環境下的流通性可能有限並對出售價格造成負面影響，繼而對本基金的表現造成負面影響。

- 利率風險 - 若本基金投資於債券或定息證券，其價值或會因利率變動而下跌，本基金資產淨值或會因而蒙受不利影響。一般而言，利率下跌時，債務證券的價格會上升，利率上升時則會下跌。較長期的債務證券通常對利率變動較為敏感。

- 流通性風險 - 本基金可能因其投資證券的市場流通性下跌而受到不利影響，本基金部份證券可能變成不流通，令本基金難以及時按公平價格出售證券。

- 信貸評級風險 - 評級機構給予的信貸評級存在限制，不能時刻保證該證券及／或發行機構的信譽。

- 集中風險

- 由於本基金將主要投資於英鎊債券，該種集中情況可能涉及較一般為高的風險程度，故本基金或會出現高於平均的波幅。投資於具備較廣泛投資組合的基金通常可獲享的分散風險利益或不適用於本基金。

- 本基金價值或會較易受到影響英國市場的不利經濟、政治、政策、外匯、流動性、稅務、法律或監管事件以及自然災害的影響。

- 為有效率投資組合管理及對沖目的及為投資目的而投資金融衍生工具的風險 - 本基金的投資項目可包含為達致有效率投資組合管理或意圖對沖或減輕其投資的整體風險而運用的金融衍生工具。與金融衍生工具相關的風險包括交易對手／信用風險、流通性風險、估值風險、波動風險及場外交易風險。金融衍生工具的槓桿元素／成份可導致損失顯著高於本基金投資於金融衍生工具的金額。涉足金融衍生工具或會導致本基金須承擔蒙受重大損失的高度風險。除上文所確定的風險外，本基金可為投資目的而運用衍生工具並可能承擔額外槓桿風險，這或會導致本基金資產淨值大幅波動及／或於投資經理未能成功預測市場變動時導致極大損失，本基金的風險取向或會因而提高。

- 執行與本基金相關資產不相關之主動金融衍生工具持倉的風險– 由於本基金所執行的主動金融衍生工具持倉（包括主動貨幣／利率／信貸／波幅及股票持倉）與本基金持有之相關證券持倉（即固定收益及貨幣市場證券）未必相關，即使相關證券持倉（即固定收益及貨幣市場證券）的價值並無損失，本基金仍可能蒙受重大或全盤損失。

- 與投資於具損失吸收特點的債務工具（LAP）相關的風險

- 具有損失吸收特點的債務工具與傳統債務工具相比須承受較大風險，因為有關工具在發生預先界定的觸發事件（例如發行人接近或無法繼續營運或發行人資本比率下降至低於指定水平）後或會面臨減值或轉換為普通股，有關觸發事件可能不在發行人的控制範圍內。該等觸發事件複雜且難以預測，並可能導致有關工具的價值顯著或全面下跌。

- 倘若引發觸發事件，可能會影響整個資產類別的價格並造成波動。具有損失吸收特徵的債務工具亦須承受流動性、估值及行業集中度風險。

- 本基金或會投資於或有可轉換債務證券，通常稱作 CoCos，該等證券相當複雜且風險較高。發生觸發事件時，CoCos 可能會轉換為發行人股份（價格可能出現折讓）或永久性減值至零。CoCos 的票息付款由發行人酌情釐定並可因任何理由於任何時間範圍內隨時取消。

- 本基金可投資於先償非優先債務。儘管該等工具的受償通常優先於次級債務，但在發生觸發事件時或會面臨減值並且不再屬於發行人的債權人評級內。這可能導致投資者損失全部本金。

景順英國高質債券基金

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本基金表現如何？

基金經理認為A（每季派息－英鎊）類別（「股份類別」），作為本基金提供予香港公眾的焦點基金類別，為最合適的代表單位類別。

基金成立日期：2006年12月11日。 股份類別成立日期：2006年12月11日。 本基金的基本貨幣為英鎊。 股份類別過往表現的數據以英鎊計算。 表現數據計算時已扣除持續收費，並包括總收入再投資。計算

時並無包括所顯示的任何認購費／贖回費。 過往表現並不預視未來表現。 投資者未必可取回全數投資金額。 表現的計算以每個曆年年底的資產淨值為準（當中包括股息再

投資）。 左圖的數字顯示股份類別的價值於所示曆年的升幅或跌幅。 如未有顯示某年度的表現，即該年度未有足夠數據計算表現。

是否有任何保證？ 本基金並無任何保證。閣下未必可取回全部投資金額。

投資本基金涉及哪些費用及收費？ 閣下或須繳付的收費 閣下買賣本基金股份時或須繳付以下費用。 費用 金額

認 購 費 ／ 首 次 認 購 費

A 類：不超過投資總額的 5.00%。 C 類：不超過投資總額的 5.00%。

轉換費 最多為轉換股份價值的 1.00%。

贖回費 不適用

本基金持續繳付的費用 以下開支將從本基金中扣除，閣下的投資回報將會因而減少。 每年收費率（佔本基金價值百分比）

管理費* A 類 : 0.625% C 類：0.40%

保管費／存管機構費用 最多為 0.0075%

業績表現費 不適用

行政費 不適用

分銷費 A 類：不適用 C 類：不適用

服務代理人費用 A 類：最多為 0.27% C 類：最多為 0.20%

* 該項收費可被調高，惟須經證券及期貨事務監察委員會 （「 證監會 」） 事先批准， 並向投資者事先發出不少於三個月的通知 。

其他費用 閣下買賣本基金股份時或須繳付其他費用。

（自 2020 年 1 月 27 日起）本基金於 2020 年 1 月 27 日作出若

干變動，因此上圖所示表現所依據的投資目標及政策已不再適

用。

景順英國高質債券基金

5

其他資料 經香港分經銷商兼代表於香港時間下午五時（即本基金的交易截算時間）或之前收到閣下完備的認購及贖回要求

後，閣下一般按本基金下一次釐定的資產淨值購買及贖回股份。提交認購或贖回指令前，請向閣下的經銷商查詢其內部截算時間（或會較本基金的交易截算時間為早）。

本基金於每個「營業日」（定義見章程）計算資產淨值，並於每個香港營業日（即香港銀行開門經營一般銀行業務的日子）在 www.invesco.com.hk 刊載股份價格。此網站未經證監會審閱。

投資者可於 www.invesco.com.hk 取得其他向香港投資者提呈發售的股份類別的過往表現數據。此網站未經證監會審閱。

投資者可於 www.invesco.com.hk 取得有關本產品的其他資料。此網站未經證監會審閱。

重要提示 閣下如有任何疑問，應徵詢專業意見。

證監會對本概要的內容並不承擔任何責任，對其準確性或完整性亦不作出任何陳述。