Alternative Investment

Invesco Canada announces changes to its product line

TORONTO, Jan. 23, 2023 /CNW/ — Invesco Canada Ltd. (“Invesco”) announced today proposed changes to its Canadian exchange-traded funds (ETFs) and mutual fund line-up. The objective of this initiative is to simplify the firm’s product offerings to enable it to sharpen the focus on areas of highest client demand. Another benefit will be increased capacity to provide better service and support while investing in those high demand products. The products listed below will be set to be terminated in 2023:

The firm plans to terminate the following TSX-Listed ETFs, effective close of business on or about April 21, 2023:

Terminating fund

Ticker Symbol

Invesco Canadian Preferred Share Index ETF

PPS

Invesco FTSE RAFI Canadian Small-Mid Index ETF

PZC

Invesco FTSE RAFI Global+ Index ETF

PXG, PXG.U

Invesco Global Shareholder Yield ETF

PSY, PSY.U

Invesco LadderRite U.S. 0-5 Year Corporate Bond Index ETF

USB, USB.U

Invesco S&P/TSX REIT Income Index ETF

REIT

Invesco S&P Emerging Markets Low Volatility Index ETF

ELV

Invesco S&P International Developed Low Volatility Index ETF      

ILV, ILV.F

Invesco Senior Loan Index ETF

BKL.C, BKL.U, BKL.F

The TSX-Listed ETFs will continue to be listed on the Toronto Stock Exchange (“TSX”) until the close of business on or about April 17, 2023, when they are expected to cease trading and be delisted. No further subscription orders for units of the TSX-Listed ETFs will be accepted after the close of business on April 5, 2023. Unitholders of the TSX-Listed ETFs may continue to submit requests to exchange units until close of business on or about April 14, 2023 and to redeem units until April 21, 2023. 

The firm plans to terminate the following NEO-Listed ETFs, effective close of business on or about April 21, 2023:

Terminating fund

Ticker Symbol

Invesco 1-10 Year Laddered Investment Grade Corporate Bond Index ETF      

PIB

Invesco 1-5 Year Laddered All Government Bond Index ETF

PGB

Invesco S&P 500 High Dividend Low Volatility Index ETF

UHD, UHD.U, UHD.F

Invesco S&P 500 Momentum Index ETF

MOM, MOM.U, MOM.F

Invesco S&P Global ex. Canada High Dividend Low Volatility Index ETF

GHD, GHD.F

The NEO-Listed ETFs will continue to be listed on the NEO Exchange Inc. (“NEO”) until the close of business on or about April 17, 2023, when they are expected to cease trading and be delisted. No further subscription orders for units of the NEO-Listed ETFs will be accepted after the close of business on April 5, 2023. Unitholders of the NEO-Listed ETFs may continue to submit requests to exchange units until close of business on or about April 14, 2023 and to redeem units until April 21, 2023.

The firm plans to terminate the following mutual fund, effective May 5, 2023:

Terminating fund

Invesco Allocation Fund     

Effective immediately, all series of units of this fund are closed to new investments other than investments from investors who as of January 23, 2023 are existing investors of the fund or existing participants of the Invesco Rebalancing Service. The fund will be closed to all investments effective on or about close of business May 3, 2023.

The firm plans to terminate the following mutual funds, effective April 6, 2023:

Terminating fund

Invesco Balanced Portfolio

Invesco Canadian Preferred Share Index ETF Class

Invesco Canadian Real Return Bond Index Fund

Invesco Conservative Portfolio

Invesco FTSE RAFI Emerging Markets ETF Class

Invesco Global High Yield Bond Fund

Invesco Global Select Balanced Fund

Invesco Growth Portfolio

Invesco High Growth ETF Portfolio

Invesco High Growth Portfolio

Invesco Intactive 2023 Portfolio

Invesco Intactive 2028 Portfolio

Invesco Intactive 2033 Portfolio

Invesco Intactive 2038 Portfolio

Invesco Moderate ETF Portfolio

Invesco Moderate Portfolio

Invesco NASDAQ Next Gen 100 Index ETF Fund

Invesco S&P 500 Low Volatility Index ETF Fund

Invesco S&P/TSX Composite Low Volatility Index ETF Class     

Invesco U.S. Money Market Fund

Invesco U.S. High Yield Bond Index Fund

Effective immediately, all series of shares and units of these funds are closed to all investments.

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 managed US $1.3 trillion in assets on behalf of clients worldwide as of September 30, 2022. For more information, visit www.invesco.com/corporate.

Commissions, management fees and expenses may all be associated with investments in mutual funds and exchange-traded funds (ETFs). Trailing commissions may be associated with investments in mutual funds. Mutual funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs and mutual funds. Please read the prospectus before investing. Copies are available from Invesco Canada Ltd. at www.invesco.ca.

There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to the ETF. Ordinary brokerage commissions apply to purchases and sales of ETF units.

Most Invesco ETFs seek to replicate, before fees and expenses, the performance of the applicable index, and are not actively managed. This means that the sub-advisor will not attempt to take defensive positions in declining markets and the ETF will continue to provide exposure to each of the securities in the index regardless of whether the financial condition of one or more issuers of securities in the index deteriorates. In contrast, if an Invesco ETFs ETF is actively managed, then the sub-advisor has discretion to adjust that Invesco ETFs ETF’s holdings in accordance with the ETF’s investment objectives and strategies.

FTSE® is a trademark owned by the London Stock Exchange Group companies and is used by FTSE International Limited (“FTSE”) under licence. The FTSE RAFI® Index Series is calculated by FTSE in conjunction with Research Affiliates LLC (“RA”). Neither FTSE nor RA sponsor, endorse or promote this product and are not in any way connected to it and do not accept any liability in relation to its issue, operation and trading. Any intellectual property rights in the Index values and constituent list vest in FTSE. 

Investors should be aware of the risks associated with data sources and quantitative processes used in investment management process. Errors may exist in data acquired from third party vendors, the construction of model portfolios, and in coding related to the Index and portfolio construction process. While Research Affiliates takes steps to identify data and process errors so as to minimize the potential impact of such errors on Index and portfolio performance, we cannot guarantee that such errors will not occur. 

“Fundamental Index®” and/or “Research Affiliates Fundamental Index®” and/or “RAFI®” and/or all other RA trademarks, trade names, patented and patent-pending concepts are the exclusive property of Research Affiliates, LLC. 

S&P®, S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC and have been licensed for use by S&P Dow Jones Indices LLC and sublicensed for certain purposes by Invesco Canada Ltd. The S&P 500 Equal Weight Index is a product of S&P Dow Jones Indices LLC, and have been licensed for use by Invesco Canada Ltd. Invesco Canada Ltd.’s Invesco Index ETFs are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, its affiliates, LSTA, or TSX and none of such parties make any representation regarding the advisability of investing in such product.

S&P® is a registered trademark of Standard & Poor’s Financial Services LLC and has been licensed for use by S&P Dow Jones Indices LLC and sublicensed for certain purposes by Invesco Canada Ltd. The S&P Global 1200 ex. Canada High Dividend Low Volatility Index is a product of S&P Dow Jones Indices LLC, and has been licensed for use by Invesco Canada Ltd. Invesco Canada Ltd.’s Invesco S&P Global 1200 ex. Canada High Dividend Low Volatility Index ETF is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC or its affiliates and none of S&P Dow Jones Indices LLC or its affiliates make any representation regarding the advisability of investing in such product(s). 

Nasdaq®, Nasdaq-100 Index®, Nasdaq-100® Equal Weighted Index and Nasdaq Next Generation 100 Index ® are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Invesco Canada Ltd. 

The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S). 

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., 2023

Contact: Jeaneen Terrio, [email protected], 917.714.0358

SOURCE Invesco Ltd.

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