Invesco Canada lowers risk rating on four funds

Six fixed-income funds renamed

TORONTO, July 29, 2016 /CNW/ - Invesco today announced that it has reduced the risk rating on four of its mutual funds. The updated risk ratings, which are effective immediately, provide investors with a more accurate description of the risk profile they can expect.

The following table illustrates the reductions:

Fund	2015 rating	2016 rating
PowerShares Canadian Low Volatility Index Class	Medium	Low to Medium
PowerShares Canadian Preferred Share Index Class	Medium	Low to Medium
PowerShares Monthly Income Fund	Low to Medium	Low
Trimark Emerging Markets Class	High	Medium to High

In November, the Toronto-based Fixed-Income team of Jennifer Hartviksen, Albert Ngo, Alexander Schwiersch and Isam Walji were integrated into the global Invesco Fixed Income (IFI) team.

To reflect the Toronto team's integration into IFI, Invesco has renamed six funds managed by the team, effective today. These changes are as follows:

Previous name	New name
Trimark Advantage Bond Fund	Invesco Advantage Bond Fund
Trimark Canadian Bond Fund	Invesco Canadian Bond Fund
Trimark Canadian Bond Class	Invesco Canadian Bond Class
Trimark Floating Rate Income Fund	Invesco Floating Rate Income Fund
Trimark Global High Yield Bond Fund	Invesco Global High Yield Bond Fund
Trimark Short-Term Income Fund	Invesco Short-Term Bond Fund

There are no changes to the investment objectives or strategies of any of the affected funds.

IFI will now manage the following money market funds and fixed-income funds, as well as for the fixed-income portion of the following balanced funds:

Money market funds
Invesco Canada Money Market Fund
Invesco Short-Term Income Class
Trimark Interest Fund
Trimark U.S. Money Market Fund

Fixed-income funds
Invesco Advantage Bond Fund (formerly Trimark Advantage Bond Fund)
Invesco Canadian Bond Fund (formerly Trimark Canadian Bond Fund)
Invesco Canadian Bond Class (formerly Trimark Canadian Bond Class)
Invesco Emerging Markets Debt Fund
Invesco Floating Rate Income Fund (formerly Trimark Floating Rate Income Fund)
Invesco Global Bond Fund
Invesco Global High Yield Bond Fund (formerly Trimark Global High Yield Bond Fund)
Invesco Short-Term Bond Fund (formerly Trimark Short-Term Income Fund)

Balanced funds
Invesco Canadian Balanced Fund
Invesco Core Canadian Balanced Class
Trimark Diversified Yield Class
Trimark Global Balanced Fund
Trimark Global Balanced Class
Trimark Global Diversified Income Fund
Trimark Income Growth Fund
Trimark Select Balanced Fund

Invesco Rebalancing Service
Invesco Allocation Fund

Cash management
Canadian Dollar Cash Management Fund
U.S. Dollar Cash Management Fund

Invesco Advisers, Inc. of Atlanta, Georgia, and Invesco Asset Management Limited, of London, U.K., are now listed as sub-advisors for these funds, alongside Invesco Canada. Individuals from these three entities work together as part of IFI, and manage these funds or portions of these funds together.    

IFI's research team covers the world, with portfolio managers who take a truly active approach to money management. Their broad market coverage and specialized expertise helps anticipate and monitor significant events on a global scale, offering local insights that are shared across their platform.

The team consists of 167 investment professionals located in 10 key markets, and manages US$247.2 billion in assets.^†

For more information, please visit invesco.ca. You can also connect with Invesco on Twitter (@InvescoCanada), LinkedIn, Facebook or through the Invesco Canada blog.

^† Source: Invesco, as at June 30, 2016.

About Invesco
Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; invesco.com.

Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the simplified prospectus before investing. Copies are available from your advisor or Invesco Canada Ltd.

Invesco^® and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence. Trimark^®, Knowing pays^® and all associated trademarks are trademarks of Invesco Canada Ltd.

© Invesco Canada Ltd., 2016

SOURCE Invesco Canada Ltd.

Aysha Mawani, Vice President, Corporate Affairs, Tel: [phone], [email protected]