Objectives and Approach

The objective of the Fund is to achieve income and capital growth over the medium to long term (3 to 5 years plus) and to support the transition to a low carbon economy. - The Fund invests at least 80% of its assets in debt securities denominated in or hedged back into sterling (including investment grade, non- investment grade and unrated) issued by companies, governments and other public entities globally, which meet the Fund’s environmental, social and governance (ESG) screening criteria1 as further detailed below. - The Fund strategically invests in investment opportunities across the fixed interest credit risk spectrum. - Negative ESG screening: The Fund will exclude bonds issued by companies with a certain degree of involvement in sectors, including but not limited to fossil fuels, unconventional weapons and tobacco and by companies involved in severe controversies pertaining to ESG. - Positive Climate screening: The Fund invests in corporate or government bonds where the issuers’ activities positively contribute to the transition to a low carbon economy, including but not limited to companies that have made or are making progress towards lowering their carbon footprint, based on the fund manager’s proprietary methodology. The Fund also invests in bonds issued by companies or governments that have committed to reduce their GHG emissions to net zero by 2050 in line with the Paris Agreement on climate change. - The Fund also invests in other bonds including but not limited to: green bonds, whose proceeds are used to finance environmental related projects; sustainability linked bonds, whose proceeds are used to help the issuer to achieve a specific sustainable objective; and/or transition bonds, whose proceeds are used to help the issuer shift to greener business activities. - The Fund may use derivatives (complex instruments) for investment purposes and to manage the Fund more efficiently, to reduce risk, reduce costs and/or generate additional capital or income. Such derivatives may not be fully aligned with the Fund’s ESG criteria. - The Fund has an active investment approach based on fund manager judgment as to the best investment opportunities, supported by macroeconomic and credit risk analysis, with an emphasis on valuation, uses a combination of exclusions and proprietary quantitative and qualitative analysis to determine which issuers meet the Fund’s ESG criteria, and is not constrained by a benchmark. - The reference to (UK) in the Fund's name only relates to the Fund’s domicile and is unrelated to the Fund’s objective and investment policy. - You can buy, sell and switch shares in the Fund on any Dealing Day (as defined in the Prospectus). - Any income from your investment will be reinvested. - Recommendation: The Fund may not be appropriate if you plan to withdraw your money within 5 years. - 1More information regarding the Fund’s ESG criteria can be found in the Fund’s Investment Policy document, available from the literature section of the product page of the Fund on our website (www.invesco.co.uk).