Notification of changes regarding the underlying fund of R154 Invesco Asian Equity

23 Jun 2023

R154 Invesco Asian Equity (the “Affected ILP sub-fund”)

We have been notified by Invesco Funds (the “Company”) of an upcoming change which impacts the underlying fund of the Affected ILP sub-fund, with effect from 8 August 2023 (the “Effective Date”).

From the Effective Date, the China Stock Connect limit on the underlying fund of the Affected ILP sub-fund will be increased from 10% to a new upper limit of 20% due to increasing inclusions of China A shares within emerging markets and Asian indices.

The Company has advised that the increase is aimed at providing more flexibility to the underlying fund of the Affected ILP sub-fund. The changes are not intended to have a material impact on the risk profile of the underlying fund of the Affected ILP sub-fund.

Policyholders do not need to take any action as a result of the change if they wish to remain invested in the Affected ILP sub-fund.

We have contacted impacted policyholders and their financial advisers to notify them of the change; a sample of which can be found opposite.

Should you have any questions regarding this change, please contact the Investment Marketing team.

For more information regarding Invesco Funds visit: www.invesco.com