Invesco Investment Grade Value Index

The Index provides exposure to value in fixed income through a factor-based approach.  Within the Index, bonds with value exposure are characterized as those with higher option-adjusted spreads, which may provide greater upside capture in more favorable markets.  The Index also focuses on higher-quality securities to mitigate the risk that otherwise attractive bond valuations reflect a higher probability of default.  Overall, the Index seeks to provide enhanced returns relative to a comparable market value weighted index.