Invesco Energy Fund A (HKD)-Acc Shares78b6be14-2274-4f6b-962a-50d40f1b4... · Invesco Energy Fund A (HKD)-Acc Shares 31 August 2018-2-Source: *Invesco. Portfolio weightings and allocations

Invesco Energy FundA (HKD)-Acc Shares30 September 2018This marketing document is intended for investors in Switzerland only.

-1-

*Source: © 2018 Morningstar. Indexed performance: Performance of an investment of 100 in share class currency. Gross income re-invested to 30 September2018 unless otherwise stated. The figures do not reflect the entry charge payable by individual investors. All performance data on this fact sheet is in thecurrency of the share class. The performance shown does not take account of the commissions and costs incurred on the issue and redemption of units.Reference Index Source: Factset.

Summary of fund objectiveThe Fund aims to provide long-term capitalgrowth by investing at least 70% of itstotal assets (without taking into accountancillary liquid assets) in an internationalportfolio of energy stocks, which includemajor oil companies, energy services,natural gas infrastructure companies andoil and gas exploration and productioncompanies, as well as companiesdeveloping alternative energy sources. Forthe full objectives and investment policyplease consult the current prospectus.

Key facts

Norman MacDonaldTorontoManaged fund sinceJuly 2014

Share class launch07 July 2011Original fund launch 01 February 2001Legal statusLuxembourg SICAV with UCITS statusShare class currencyHKDShare class typeAccumulationFund sizeUSD 141.05 mn Reference indexMSCI World Energy NDBloomberg codeINVEACH LXISIN codeLU0607522900Settlement dateTrade Date + 3 DaysValor-Number13506581Morningstar RatingTMA

Quarterly fund commentaryThe US equity market, along with other major developed markets, delivered positive returnsover the third quarter; while, major emerging markets declined due to emerging marketcontagion concerns and fears of heightened global trade tensions. Brent Oil prices rosehigher during the quarter, while energy equities remained relatively subdued, realizing onlyslight gains by period end. The Fund underperformed its reference index primarily as a resultof stock selection and an overweight exposure in the oil & gas exploration & production(E&P) sub-sector. Stock selection in integrated oil & gas also detracted from relativeperformance. The Fund’s lack of exposure to the oil-and-gas transportation sub-sector (weakperforming sub-sector within the reference index), and the Fund’s overweight position to theoil-&-gas drilling sub-sector (outperforming sub-sector within the reference index), were bothbeneficial to relative performance over the period due to market allocation. We have beenencouraged by the recovery in crude oil prices as it has supported our thesis that theindustry requires a higher commodity price level in order to encourage reinvestment in thebusiness. Fund positioning reflects our opinion of the sub-sectors with the best upsidepotential and includes significant overweight in E&P and oil & gas equipment and services, aswell as significant underweight in integrated oil & gas companies.

Indexed performance*Fund Index

09/13 09/14 09/15 09/16 09/17 09/1840

50

60

70

80

90

100

110

120

130

The performance period shown here starts on the last day of the first indicated month and ends on thelast day of the last indicated month.

Cumulative performance*in % YTD 1 month 1 year 3 years 5 years

Fund 3.79 0.71 9.21 12.87 -31.66

Index 7.55 2.63 14.81 43.09 5.02

Calendar year performance*in % 2013 2014 2015 2016 2017

Fund 22.48 -17.87 -31.10 24.21 -8.48

Index 18.16 -11.59 -22.85 26.61 5.84

Standardised rolling 12 month performance*30.09.13 30.09.14 30.09.15 30.09.16 30.09.17

in % 30.09.14 30.09.15 30.09.16 30.09.17 30.09.18

Fund 7.67 -43.77 10.67 -6.62 9.21

Index 10.31 -33.47 17.11 6.42 14.81Past performance is not a guide to future returns.

Invesco Energy FundA (HKD)-Acc Shares30 September 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%.

Issuers and active weights* (total holdings: 38)

Top 10 issuers %

BP PLC 6.4

Suncor Energy Inc 5.4

Chevron Corp 5.4

Royal Dutch Shell PLC 5.3

Noble Energy Inc 5.1

Devon Energy Corp 5.1

Range Resources Corp 5.0

Canadian Natural Resources Ltd 5.0

Hess Corp 4.6

Occidental Petroleum Corp 4.0

Top 10 positive +

Range Resources Corp 5.0

Noble Energy Inc 4.5

Devon Energy Corp 4.3

Hess Corp 3.9

PrairieSky Royalty Ltd 3.7

Canadian Natural Resources Ltd 3.5

Suncor Energy Inc 3.1

Helmerich & Payne Inc 2.4

Core Laboratories NV 2.2

Superior Energy Services Inc 2.2

Top 10 negative -

Exxon Mobil Corp 9.4

Royal Dutch Shell PLC 5.3

TOTAL SA 4.4

ConocoPhillips 3.3

Chevron Corp 3.2

Enbridge Inc 2.0

Valero Energy Corp 1.8

Eni SpA 1.8

Schlumberger Ltd 1.6

Marathon Petroleum Corp 1.4

Geographical weightings of the fund in %*

g United Statesg Canadag United Kingdomg Ghanag Switzerlandg Franceg Mongoliag Luxembourgg Othersg Cash

Sector weightings of the fund in %*

g Oil & Gas Exploration &Production

g Integrated Oil & Gasg Oil & Gas Equipment &

Servicesg Oil & Gas Drillingg Oil & Gas Refining &

Marketingg Diversified Metals & Miningg Commodity Chemicalsg Cash

NAV and fees

Current NAVHKD 62.72 12 month price highHKD 67.42 (22/05/2018)12 month price lowHKD 54.20 (27/10/2017)Minimum investment 1

HKD 10,000Entry chargeUp to 5.00%Annual management fee1.5%Ongoing charges1.92% (31/08/2017)

Geographical weightings*in % Fund Index

United States 64.1 56.2

Canada 14.2 10.7

United Kingdom 11.7 17.0

Ghana 1.4 0.0

Switzerland 1.3 0.0

France 1.3 5.7

Mongolia 1.1 0.0

Luxembourg 1.0 0.3

Others 1.7 10.2

Cash 2.1 0.0

Sector weightings*in % Fund Index

Oil & Gas Exploration &Production

40.8 20.8

Integrated Oil & Gas 31.5 54.3

Oil & Gas Equipment &Services

13.9 6.6

Oil & Gas Drilling 4.3 0.3

Oil & Gas Refining &Marketing

4.2 8.1

Diversified Metals &Mining

2.4 0.0

Commodity Chemicals 0.7 0.0

Oil & Gas Storage &Transportation

0.0 9.8

Coal & Consumable Fuels 0.0 0.2

Cash 2.1 0.0

Financial characteristics*

Average weighted market capitalisation HKD 601.25 bn

Median market capitalisation HKD 174.92 bn

Invesco Energy FundA (HKD)-Acc Shares30 September 2018

-3-

Page1 Profile = [Page1Profile]Page2 Profile = [Page2Profile]

Page3 Profile = [Page3Profile]ISIN = [ISIN]

Fund Reg Loc = [Locale]DeskNet Job ID = Not in Data to Tag

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 invests in a limited number of holdings and is less diversified. This may result in largefluctuations in the value of the fund. As this fund is invested in a particular sector, you should be prepared to accept greater fluctuations inthe value of the fund than for a fund with a broader investment mandate. The risks described herein are the fund specific material risks.For more information please consult the current fund and share class specific Key Investor Information Document (KIID) and for acomplete set of risks the current 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.