INVESCO ACTIVELY MANAGED EXCHANGE-TRADED FUND TRUST
SUPPLEMENT DATED MAY 29, 2020 TO THE
STATEMENT
OF ADDITIONAL INFORMATION DATED FEBRUARY 28, 2020,
AS PREVIOUSLY SUPPLEMENTED, OF:
Invesco Active U.S. Real Estate ETF
Invesco Balanced Multi-Asset Allocation ETF
Invesco Conservative Multi-Asset Allocation ETF
Invesco Growth Multi-Asset Allocation ETF
Invesco Moderately Conservative Multi-Asset Allocation ETF
Invesco S&P 500® Downside Hedged ETF
Invesco Total Return Bond ETF
Invesco Ultra Short Duration ETF
Invesco Variable Rate Investment Grade ETF
(each, a “Fund” and collectively, the “Funds”)
Effective immediately, the following disclosure replaces the first paragraph in the section “Exchange Listing and Trading”:
There can be no assurance that a Fund will continue to meet the requirements of its Exchange necessary to maintain the
listing of its Shares. The Exchanges may, but are not required to, remove the Shares of a Fund from listing if: (i) following the initial 12-month period beginning at the commencement of trading of a Fund, there are fewer than 50 beneficial owners of
Shares (for each Cboe-listed Fund, there must be fewer than 50 beneficial owners for at least 30 consecutive trading days); (ii) the Fund is no longer eligible to operate in reliance on Rule 6c-11 under the 1940 Act; (iii) the Fund fails to meet
certain continued listing standards of an Exchange; or (iv) such other event shall occur or condition shall exist that, in the opinion of the relevant Exchange, makes further dealings on such Exchange inadvisable. The applicable Exchange will remove
the Shares of a Fund from listing and trading upon termination of the Fund.
Effective immediately, the fourth paragraph in the section “Exchange Listing and Trading” is deleted in its entirety.
Effective immediately, the following disclosure replaces the last two paragraphs in the section “Exchange Listing and Trading”:
The Nasdaq-listed Funds are not sponsored, endorsed, sold or promoted by Nasdaq or its affiliates (collectively, the
“Corporations”). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the Nasdaq-listed Funds. The Corporations make no representation or warranty, express or
implied, to the owners of the Nasdaq-listed Funds or any member of the public regarding the advisability of investing in securities generally or in the Funds particularly. The Corporations have no liability in connection with the administration,
marketing or trading of the Nasdaq-listed Funds. IN NO EVENT SHALL THE
CORPORATIONS HAVE ANY LIABILITY FOR ANY LOST PROFITS OR SPECIAL, INCIDENTAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL
DAMAGES, EVEN IF NOTIFIED OF THE POSSIBILITY OF DAMAGES.
Effective immediately, the following disclosure replaces the second and third paragraphs in the section “Disclosure of Portfolio Holdings –
Portfolio Holdings Policy”:
Each business day before the opening of regular trading on the Exchange where a Fund’s Shares are traded, the Fund
discloses on its website (www.invesco.com/ETFs) the portfolio holdings that will form the basis for the Fund’s next calculation of NAV per Share. The Trust, the Adviser, the Sub-Advisers and The Bank of New York Mellon (“BNYM” or the “Administrator”)
will not disseminate non-public information concerning the Trust.
Access to information concerning the Funds’ portfolio holdings may be permitted at other times: (i) to personnel of
third-party service providers, including the Funds’ custodian, transfer agent, auditors and counsel, as may be necessary to conduct business in the ordinary course in a manner consistent with such service providers’ agreements with the Trust on
behalf of the Funds; or (ii) in instances when the Funds’ President and/or Chief Compliance Officer determines that (x) such disclosure serves a reasonable business purpose and is in the best interests of the Fund’s shareholders; and (y) in making
such disclosure, no conflict exists between the interests of the Fund’s shareholders and those of the Adviser or the Distributor.
Effective immediately, all references and biographical information relating to Daniel E. Draper, as President and Principal Executive
Officer of the Trust, shown in the table setting forth information about Officers of the Trust under the section titled “Management” are hereby deleted in their entirety.
Effective immediately, the references and biographical information relating to Anna Paglia shown in the table setting forth information
about Officers of the Trust under the section titled “Management” are revised as follows:
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Name, Address and
Year of Birth of
Executive Officer
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Position(s) Held
with Trust
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Term of
Office and
Length of
Time Served*
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Principal Occupation(s) During Past 5 Years
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Anna Paglia—1974
Invesco Capital Management LLC
3500 Lacey Road, Suite 700
Downers Grove, IL 60515
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Secretary
President and Principal Executive Officer
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Since 2011
Since 2020
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President and Principal Executive Officer, Invesco Exchange-Traded Fund Trust, Invesco Exchange-Traded Fund Trust II, Invesco India Exchange-Traded
Fund Trust, Invesco Actively Managed Exchange-Traded Fund Trust, Invesco Actively Managed Exchange-Traded Commodity Fund Trust and Invesco Exchange-Traded Self-Indexed Fund Trust (May 2020-present); Managing Director and Global Head of ETFs
and Indexed Strategies, Chief Executive Officer and Principal Executive Officer, Invesco Capital Management LLC (June 2020-present);
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Chief Executive Officer, Manager and Principal Executive Officer, Invesco Specialized Products, LLC (June 2020-present); Secretary, Invesco
Exchange-Traded Fund Trust, Invesco Exchange-Traded Fund Trust II, Invesco India Exchange-Traded Fund Trust and Invesco Actively Managed Exchange-Traded Fund Trust (2011-Present), Invesco Actively Managed Exchange-Traded Commodity Fund Trust
(2014-Present) and Invesco Exchange-Traded Self-Indexed Fund Trust (2015-Present); Head of Legal (2010-Present) and Secretary (2015-Present), Invesco Capital Management LLC; Manager and Assistant Secretary, Invesco Indexing LLC
(2017-Present); and Head of Legal and Secretary, Invesco Specialized Products, LLC (2018-Present). Formerly, K&L Gates LLP (formerly, Bell Boyd & Lloyd LLP) (2007-2010); and Associate Counsel at Barclays Global Investors Ltd.
(2004-2006).
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Effective immediately, the following disclosure replaces the first and second paragraphs in the section “Creation and Redemption of Creation
Unit Aggregations – Role of the Authorized Participant”:
A Fund only may issue Creation Units to, or redeem Creation Units from, an authorized participant, referred to herein as
an “AP.” To be eligible to place orders for the purchase or redemption of a Creation Unit of a Fund, an AP must have executed a written agreement with the Fund or one of its service providers that allows the AP to place such orders (“Participant
Agreement”). In addition, an AP must be a member or participant of a clearing agency that is registered with the SEC. An AP may place orders for the creation or redemption of Creation Units through the clearing process of the Continuous Net
Settlement System (the “Clearing Process”) of the National Securities Clearing Corporation (“NSCC”), Euroclear, the Fed Book-Entry System and/or DTC, subject to the procedures set forth in the Participant Agreement. (APs that participate in the
Clearing Process are sometimes referred to as a “Participating Party,” and APs that are eligible to utilize the Fed Book Entry System and/or DTC are sometimes referred to as a “DTC Participant.”) Transfers of securities settling through Euroclear or
other foreign depositories may require AP access to such facilities.
Effective immediately, the following disclosure replaces the first sentence of the first paragraph in the section “Creation and Redemption
of Creation Unit Aggregations – Creations – Portfolio Deposit”:
The consideration for purchase of a Creation Unit of a Fund generally consists of the in-kind deposit of a portfolio of
securities, assets or other positions constituting a substantial replication of a Fund’s portfolio holdings (the “Deposit Securities”) and an amount of cash denominated in U.S. dollars (the “Cash Component”) computed as described below, plus any
applicable administrative or other transaction fees, also as discussed below.
Effective immediately, the following disclosure replaces the first sentence of the third paragraph in the section “Creation and Redemption
of Creation Unit Aggregations – Creations – Portfolio Deposit”:
Each business day before the opening of regular trading on the Exchange where a Fund’s Shares are traded (usually 9:30
a.m., Eastern Time), the Fund discloses on its website (www.invesco.com/ETFs) the Deposit Securities and/or the amount of the applicable Cash Component to be included in the current Portfolio Deposit (based on information at the end of the previous
Business Day) for each Fund.
Effective immediately, the fourth sentence of the second paragraph in the section “Creation and Redemption of Creation Unit Aggregations –
Creations Orders – Procedures for Creation of Creation Unit Aggregations” is deleted in its entirety.
Effective immediately, the following disclosure replaces the first sentence of the second paragraph in the section “Creation and Redemption
of Creation Unit Aggregations – Redemptions – Fund Securities”:
Each business day before the opening of regular trading on the Exchange where a Fund’s Shares are traded (usually 9:30
a.m., Eastern Time), the Fund discloses the Fund Securities that will be applicable (subject to possible amendment or correction) to redemption requests received in proper form (as defined below) on that day, as well as the Cash Redemption Amount.
Effective immediately, the second sentence of the second paragraph in the section “Creation and Redemption of Creation Unit Aggregations –
Redemption Requests – Procedures for Redemptions of Creation Unit Aggregations” is deleted in its entirety.
Effective immediately, the section “Determination of NAV – Intraday Indicative Value” is deleted in its entirety.
Please Retain This Supplement for Future Reference.
P-PS-SOAI-10-SUP-2 052920