PDF "Stocks for 2016" Portfolio - Invesco

Invesco Unit Trusts

"Stocks for 2016" Portfolio

A portfolio of stocks selected from Morgan Stanley Research's "20 for 2016" report. The trust seeks long-term capital appreciation by focusing on a company's sustainability.

Symbol: MSEQ16

Research-based approach

Morgan Stanley Research identified high-quality companies with sustainable business models, whose current potential undervaluation may present an opportunity for a long-term aboveaverage return on investment.

Sustainability

Each company was scored on its sustainablility of competitive position, business model, pricing power, cost efficiency and growth.

These are the firm's best ideas for high-quality, potentially undervalued companies which Morgan Stanley Research believes may be positioned to outperform through a full market cycle.

Unit trust structure

Diversified. A basket of stocks that are professionally selected and monitored.

Disciplined. A defined selection methodology and investment process.

Defined. A fixed portfolio that enables investors to always know what they own.

Selection process1

Invesco Unit Trusts selected stocks from Morgan Stanley Research's "20 for 2016" report. Morgan Stanley's main criterion for selection was sustainability of the five factors below, as measured by Return on Net Operating Assets. This is an overview of the selection process.

MORGAN STANLEY RESEARCH

March 14, 2013

20 for 2016 North

America

North America

On the third, and final, anniversary of our `20 for 2013' report, in which we identified companies likely to strengthen and extend their sustainable competitive advantages as conditions stabilized, we revisit the project with `20 for 2016': Stocks for a three-year holding period.

20 for 2016 identifies our best long-term picks based on sustainability and quality of business model. This new piece follows the 50 for 2012, 30 for 2013, and 20 for 2015 reports series, whereby we ask our analysts to identify the highest-quality companies in their sectors at times of market dislocations and uncertainty.

The main criterion is sustainability -- of competitive advantages, business model, pricing power, cost efficiency, and growth. We selected the companies that scored best on these criteria and, as in 20 for 2015, we paid special attention to RNOA as the key metric that reflects the aforementioned attributes. We are purposely ignoring management's attitudes toward capital structure, as most companies on the list are expected to generate significant FCF that will accumulate on the balance sheet, artificially depressing ROEs. As managers choose to either redeploy that capital into the business more aggressively or return it to shareholders, we also have specially weighted clarity and consistency of shareholder remuneration (dividends and or buybacks) in the current world of "financial repression". We limited the list to 20 companies; we also highlight 21 runners-up that were close contenders.

We are taking a long term view. We have tried to identify the best franchises, not the most undervalued stocks. There was no prerequisite in our analysis that they be rated Overweight, nor specific assumptions about where we are in the economic cycle or any other valuation considerations. Our driving principle was to create a list of companies whose business models and market positions would be increasingly differentiated by 2016.

BlackRock, Calpine, Chevron, Est?e Lauder, Honeywell, JP Morgan, Monsanto, Symantec, and Thermo Fisher are also in the top 2 quintiles in BEST, Chief US Strategist Adam Parker's systematic stock-selection (alpha) model with a 24-month horizon.

American Tower BlackRock Calpine* Canadian Pacific Railway* Chevron Costco Wholesale Est?e Lauder Gilead Sciences Honeywell International J.P. Morgan Chase Limited Brands* Monsanto News Corp.* Philip Morris International RPM International Starbucks Symantec Thermo Fisher Scientific Williams Companies

* On Morgan Stanley's US Best Ideas list

Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of Morgan Stanley Research. Investors should consider Morgan Stanley Research as only a single factor in making their investment decision.

For analyst certification and other important disclosures, refer to the Disclosures Section.

Competitive Position

Growth

Business Sustainability Model

Factors

Cost Efficiency

Pricing Power

"Stocks for 2016" Portfolio

Symbol Term of trust Offering period Sales charge Breakpoints Number of securities

MSEQ16 39 months About 6 months 4.50% Begin at $50,000 20 stocks

The driving principle behind the "20 for 2016" Morgan Stanley Research report was simple:

Create a list of companies that investors will want to be holding in 2016.

This long-term view attempts to look past the near-term economic and market challenges, and focus on opportunities that may outperform over the life of the trust.

Exclusive access to Morgan Stanley Research's best ideas Invesco Unit Trusts is providing Morgan Stanley Financial Advisors exclusive access to this trust, built from the names in the "20 for 2016" report.

Diversification does not guarantee a profit or eliminate the risk of loss.

1 For the list, Morgan Stanley Research is taking a longer-term view. Morgan Stanley Research is not asserting that the stocks are all Buys; there was no prerequisite in the poll that the stocks be rated Overweight, nor any specific assumption about the economic cycle. Morgan Stanley Research believes its analysts' strengths lie in understanding their industries and what will differentiate potential winners from losers as industry value chains evolve. It is these insights that the report seeks to exploit.

"Stocks for 2016" Portfolio

Identified by Morgan Stanley. Brought to you by Invesco.

Morgan Stanley Research tried to identify the best franchises, not the most oversold stocks. The selection process focuses on identifying companies whose business models and market positions were deemed to be attractive through 2016 based on the sustainability and quality of a company's business model.

Portfolio snapshot Below is a sampling of Morgan Stanley Research's outlook on some of the stocks included in the "Stocks for 2016" Portfolio. Please see the research report for the full analysis.

Amazon

Best positioned to lead the continuing secular transition from traditional retail to online eCommerce.

BlackRock Canadian Pacific Railway

Uniquely positioned at both ends of the asset management barbell

`The last great rail turnaround.' Canadian Pacific's long-term risk-reward as the most compelling in our freight universe.

Chevron

Production growth above peers yet valuation at discount. In our view, Chevron has the best production growth profile from 2014-17 among majors.

Gilead Sciences

Offers one of the best combinations of growth and valuation in large cap Biotech.

News Corp.

Unique asset portfolio with a strong and improving capital allocation track record.

Starbucks

Significant potential for revenue growth and margin expansion in the near- and long-term.

Symantec

Compelling turnaround story--a return to growth and margin leverage

The securities listed are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the individual securities shown above.

About Morgan Stanley Research

Morgan Stanley Research is a world-class research organization whose expertise expands across every region, country and economic sector. Currently, 275 analysts worldwide cover approximately 2,400 global stocks. Morgan Stanley is uniquely positioned worldwide and is balanced between Asia, the Americas and Europe, across both developing and developed markets.

The strength of Morgan Stanley Research lies in its analysts. On a global basis, highly trained analysts are assigned to study, report and recommend courses of action throughout the market's breadth of regions, industries and sectors. Morgan Stanley analysts create value through a deep understanding of their industries and by identifying trends and opportunities. It is through this breadth and depth of knowledge that Morgan Stanley Research selects companies for the "20 for 2016" report.

Trust Specifics

Deposit information

Public offering price per unit2

$10.00

Minimum investment ($250 for IRAs)3

$1,000.00

Deposit date

03/20/13

Termination date

6/30/16

Distribution dates

25th day of each month

Record dates

10th day of each month

Estimated initial distribution month

May 2013

Term of trust

39 months

Estimated net annual income per unit

$0.13410

NASDAQ symbol

ISCKSX

Daily liquidity4

Objective

The portfolio seeks long-term capital appreciation. The portfolio seeks to achieve its objective by investing in a portfolio of common stocks of domestic and foreign companies that are selected by Invesco from a list of stocks published by Morgan Stanley Research in a report titled "20 for 2016."

Portfolio Composition1

As of deposit date

Consumer Discretionary - 20.45% , Inc. Limited Brands, Inc. News Corporation--CL A Starbucks Corporation

Consumer Staples - 15.31% Costco Wholesale Corporation Estee Lauder Companies, Inc.--CL A Philip Morris International, Inc.

Energy - 10.22% Chevron Corporation Williams Companies, Inc.

Financials - 8.15% BlackRock, Inc. JPMorgan Chase & Company

Health Care - 10.19% Gilead Sciences, Inc. Thermo Fisher Scientific, Inc.

Ticker AMZN

LTD NWSA SBUX

Ticker COST

EL PM

Ticker CVX WMB

Ticker BLK JPM

Ticker GILD TMO

Industrials - 10.17% Canadian Pacific Railway, Ltd. Honeywell International, Inc.

Information Technology - 5.07% Symantec Corporation

Materials - 10.26% Monsanto Company RPM International, Inc.

Telecommunication Services - 5.09% American Tower Corporation

Utilities - 5.09% Calpine Corporation

Ticker CP

HON

Ticker SYMC

Ticker MON RPM

Ticker AMT

Ticker CPN

Sales Charge

Initial sales charge

1.00%

Deferred sales charge

3.00%

Creation and development fee

0.50%

Maximum sales charge

4.50%

Last deferred sales charge payment date

4/10/14

Assuming a public offering price of $10 per unit

Mid

Large

Morningstar Equity Style BoxTM

Value

Blend

Growth

Small

MSEQ16 CUSIPs

Cash

46133N-26-8

Reinvest

46133N-27-6

Wrap fee cash 46133N-28-4

Wrap fee reinvest 46133N-29-2

Investors in fee-based accounts will not be assessed the initial and deferred sales charge for eligible fee-based purchases and must purchase units with a Wrap Fee CUSIP.

Sector Breakdown (%) As of the business day before deposit date

? Consumer Discretionary ? Consumer Staples ? Energy ? Financials ? Health Care ? Industrials ? Information Technology ? Materials ? Telecommunication Services ? Utilities

20.45 15.31 10.22

8.15 10.19 10.17

5.07 10.26

5.09 5.09

Breakpoint Information

Transaction amount

Less than $50,000

$50,000 ? $99,999

$100,000 ? $249,999

Sales charge (%)

4.50 4.25

4.00

$250,000 ? $499,999

$500,000 ? $999,999

$1,000,000 or more

3.75 3.50 2.90

Rollover or exchange

Wrap fee

3.50 0.50

Please consult the prospectus for details on all discounts.

1 The trust portfolio is provided for informational purposes only and should not be deemed as a recommendation to buy or sell the individual securities shown above.

2 Including sales charges. As of deposit date. 3 Represents the value of 100 units on the deposit date. The value of the minimum investment amount of 100 units may be

greater or less than $1,000 following the deposit date. 4 Funds will typically be mailed within three business days after your redemption request is received.

Risk considerations There is no assurance the trust will achieve its investment objective. An investment in this unit investment trust is subject to market risk, which is the possibility that the market values of securities owned by the trust will decline and that the value of trust units may therefore be less than what you paid for them. This trust is unmanaged and its portfolio is not intended to change during the trust's life except in limited circumstances. Accordingly, you can lose money investing in this trust.

Common stocks do not assure dividend payments. Dividends are paid only when declared by an issuer's board of directors and the amount of any dividend may vary over time.

The trust is concentrated in the consumer discretionary and consumer staples sectors. Companies that manufacture, distribute and provide consumer products and services face risks such as intense competition, the lack of serious barriers to entry for online entrants, economic recession and a slowdown in consumer spending trends.

You should note that the Securities were selected on the basis of the criteria set forth on the reverse page and that the Portfolio may continue

to purchase or hold Securities, notwithstanding the fact that Morgan Stanley Research may have revised its opinion with respect to any individual

Security based on the selection process employed by Morgan Stanley Research when preparing the original report or any subsequent report. In

particular, any subsequent publication of a similar type of list of stocks or an update of any referenced report by Morgan Stanley Research will not

affect the composition of the Portfolio.

Access to the Morgan Stanley Research report is made available via Reuters Knowledge.

Invesco, not Morgan Stanley Research, selected the stocks for the Portfolio. Morgan Stanley Research is not affiliated with Invesco.

The estimated net annual income per unit and initial distribution month that appear on the previous page are as of 03/19/13 and are based on the most recently declared ordinary dividends or interim and final dividends accounting for any foreign withholding taxes. The actual net annual dividend distributions you receive will vary from the estimate set forth above with changes in the trust's fees and expenses, in dividends received, currency fluctuations and with the sale of securities. The actual net annual dividends are expected to decrease over time because a portion of the securities included in the trust will be sold over time to pay for organization costs. Securities may also be sold to pay regular fees and expenses during the trust's life. The trustee will make distributions of income and capital on each monthly distribution date to unitholders of record on the preceding record date, provided that the total cash held for distribution equals at least 0.1% of the portfolio's net asset value. Undistributed income and capital will be distributed in the next month in which the total cash held for distribution equals at least 0.1% of the portfolio's net asset value.

FOR US USE ONLY

Before investing, investors should carefully read the prospectus and consider the investment objectives, risks, charges and expenses. For this and more complete information about the trust, investors should ask their advisors for a prospectus or download one at unittrust.

Invesco's history of offering unit investment trusts began with the acquisition of the sponsor by Invesco Ltd. in June 2010. Invesco unit investment trusts are distributed by the sponsor, Invesco Capital Markets, Inc. (formerly Van Kampen Funds Inc.) and broker dealers including Invesco Distributors, Inc. Both firms are wholly owned, indirect subsidiaries of Invesco Ltd.

Morningstar Datalab is the source for the style box that appears on this page. The Morningstar Equity Style BoxTM is based on holdings as of the date of deposit of the trust and may vary thereafter. The Morningstar Equity Style BoxTM placement is based on two variables. First, on a trust's market capitalization relative to the movements of the market and second, the valuation by comparing the stocks in the trust's portfolio with the most relevant of the three market capitalization groups. Source: Morningstar, Inc., Chicago, IL 312 696 6000.

?2013 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Value, blend and growth are types of investment styles. Growth investing generally seeks stocks that offer the potential for greater-than-average earnings growth, and may entail greater risk than value or blend investing. Value investing generally seeks stocks that may be sound investments but are temporarily out of favor in the marketplace, and may entail less risk than growth investing. A blend investment combines the two styles.

Invesco ? 11 Greenway Plaza, Suite 2500 ? Houston, TX 77046-1188

uit U-MSEQ16-PROFCT-1 03/13

Invesco Distributors, Inc.

4473

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