Money Market and Liquidity Solutions A long-term approach to short-term investing

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1 Money Market and Liquidity Solutions A long-term approach to short-term investing

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3 Bringing the strength of Invesco to our clients Experience our high-conviction approach to investment management. For over 35 years, Invesco Global Liquidity has been a core business for Invesco. We believe in a disciplined investment process, high credit quality solutions, distinguished client engagement and consistent performance. As part of Invesco Fixed Income a leading fixed income manager with $280.6 billion in assets under management we draw on the insights and expertise of over 165 fixed income professionals in ten locations worldwide. We also have a tremendous commitment to this industry Invesco s senior management is actively engaged in industry policymaking and leadership globally. We believe our long-term approach to short-term investing makes us a strong partner for investors seeking premier liquidity management in the next 35 years and beyond. Knowledge built on experience and expertise Tony Wong Head of Global Credit Research, Global Liquidity and Municipals 22 years of financial industry experience Laurie Brignac, CFA Head of Global Liquidity Portfolio Management 27 years of financial industry experience Justo Gonzalez Head of Global Liquidity Credit Research 31 years of financial industry experience 1 Invesco Global Liquidity

4 A disciplined investment approach While markets and client needs may change, our disciplined approach has not. We have developed a reputation of judicious and conservative liquidity management. We embrace that. We are prudent, intentional and deliberate in our investment choices. Our primary focus is on principal preservation and liquidity, while seeking to deliver a competitive return. We believe that our commitment to this discipline has served our clients well. Portfolio management and credit research work in partnership The time-tested investment process highlights portfolio management and credit research working together to pursue investment results consistent with client s expectations. Portfolio Management Top down assessment of market environment Principal Preservation Active, top-down, portfolio construction to establish appropriate duration 1 and term structure. Rigorous, bottom-up, credit review process and security selection to identify appropriate securities. Liquidity Continuous assessment of market environment and portfolio liquidity needs. Meet potential liquidity needs through overnight investments, maturity structure and secondary market liquidity. Return Seek to provide a competitive return consistent with principal preservation and liquidity through a range of economic conditions. Competitive pricing allows for more selective portfolio construction while avoiding undo risks. Credit Research Bottom up issuer-level credit analysis For illustrative purposes only. Past performance is no guarantee of future results. 1 Duration is a measure of the sensitivity of the price, the value of principal, of an investment to a change in interest rates. 2 Invesco Global Liquidity

5 High quality solutions Our goal is to produce a return commensurate with the principal preservation and liquidity needs of our clients. Invesco offers a broad range of liquidity solutions to meet investor needs. Our capabilities span the spectrum that includes cash management and conservative fixed income strategies. And because we understand the evolving liquidity management needs of our clients, we can deliver these strategies in multiple vehicles: Mutual funds Commingled & institutional funds Separate accounts Potential yield/return Cash Management Strategies Conservative Fixed Income Strategies Ultra-Short Short-Term Cash Plus Long-Term Strategies Core Fixed Income Prime US Tax-Exempt Government Treasury Volatility of returns For Illustrative Purposes Only. Source: Invesco. This does not constitute a recommendation of the suitability of any investment strategy for a particular investor. Some products are available via affiliates of Invesco Distributors, Inc. Invesco s money market funds are governed by SEC Rule 2a-7. Portfolio and transparency requirements of this rule include: Credit Quality Stress Testing Diversification Website Disclosure Liquidity Regulatory Reporting Maturity Limits 3 Invesco Global Liquidity

6 Distinguished client service and support Every day, we leverage the power of Invesco s global capabilities to provide distinguished service for our liquidity clients. At Invesco, our clients are our most important asset. We are dedicated to providing ongoing client communications, responsive operational support and services and efficient trading and reporting technology. Invesco.com/cash Our global liquidity website offers daily and historical performance data: Net asset values 7-day SEC yield Weighted Average (NAV) 30-day simple yield Maturity (WAM) and Daily and weekly Weighted Average Life 365-day yield liquidity (WAL) Factor Shareholder flows Total Assets Regulatory and informative product specific information: Prospectuses Portfolio holdings Monthly fact sheets Annual/semiannual reports Statement of Additional Information (SAI) Market commentary and educational materials: Insights Blog posts Brochures Money Market and Liquidity Solutions A long-term approach to short-term inv Trading and reporting We offer multiple solutions to meet client needs: Liquidity Link, a real-time online trading and performance retrieval system National Securities Clearing Corporation (NSCC) Automated and customized files Flexible Cash Sweep Programs Contact us For more information on Invesco s money market funds, please contact our sales consultants at , option 2 or visit invesco.com/cash. 4 Invesco Global Liquidity

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8 Explore High-Conviction Investing with Invesco At Invesco, we re dedicated to delivering an investment experience that helps you get more out of life. Our comprehensive range of high-conviction investment capabilities is designed to help you build portfolios in more precise and impactful ways, and not just settle for average. This high-conviction approach is built on three core tenets: A pure focus on investing All we do is investment management. That means we are solely focused on delivering high-conviction portfolio solutions to meet your unique needs. Diversity of thought Passion to exceed Each of our investment teams is empowered to implement its own trusted investment philosophy and process. Our diverse range of capabilities allows you to create high-conviction portfolios custom-built for your needs. We are passionate about going beyond average to uncover highconviction opportunities and provide an exceptional client experience. An investor should consider the investment objectives, risks, fees and expenses carefully before investing. Please read the prospectus or other offering documents carefully before investing. For this and more complete information, contact your financial advisor or visit invesco.com/fundprospectus. Liquidity Link SM is a proprietary system of Invesco. The opinions expressed herein are based on current market conditions and are subject to change without notice. All material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. This is not to be construed as an offer to buy or sell any financial instruments and should not be relied upon as the sole factor in an investment making decision. As with all investments there are associated inherent risks. This does not constitute a recommendation of the suitability of any investment strategy for a particular investor. All data as of March 31, 2017 and all data provided by Invesco unless otherwise noted. invesco.com/cash CM-DOM-BRO-1 05/17 Invesco Distributors, Inc. US5739