UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a)

of the Securities Exchange Act of 1934

(Amendment No.    )

Filed by the Registrant  ☒                              Filed by a Party other than the Registrant  ☐

Check the appropriate box:

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

Invesco Exchange-Traded Self-Indexed Fund Trust

(Names of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

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

Invesco Exchange-Traded Self-Indexed Fund Trust

3500 Lacey Road, Suite 700

Downers Grove, Illinois 60515

July 2, 2019

Dear Shareholder:

A joint special meeting of the shareholders of 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 (collectively, the “Trusts” and each individually, a “Trust,” with each series of a Trust referred to as a “Fund,” and collectively as the “Funds”) will be held on August 19, 2019 at 10:00 a.m., Central Time, at the offices of the Trusts, 3500 Lacey Road, Suite 700, Downers Grove, Illinois 60515 (the “Meeting”).

You are receiving this letter because you were a shareholder of record of at least one Fund as of June 25, 2019 (the “Record Date”). I am writing to ask for your vote at the Meeting on the following proposal, as well as to transact such other business as may properly come before the Meeting or any adjournments thereof:

Each Trust’s Board of Trustees has approved, and unanimously recommends that you vote FOR, each trustee nominee.

Detailed information about the proposal is contained in the enclosed materials. Please review and consider the enclosed materials carefully, and then please take a moment to vote.

Attendance at the Meeting will be limited to each Trust’s shareholders as of the Record Date. Photographic identification will be required for admission to the Meeting. Whether or not you plan to attend the Meeting in person, your vote is needed. You are entitled to notice of, and to vote at, the Meeting and any adjournment of the Meeting, even if you no longer hold shares of a Fund. Your vote is important no matter how many shares you own. It is important that your vote be received no later than the time of the Meeting.

Voting is quick and easy. Everything you need is enclosed. You may vote by: (i) attending the meeting in person, (ii) signing, dating and mailing your proxy card in the enclosed postage-paid return envelope, (iii) calling the toll-free telephone number

listed on your proxy card, or (iv) visiting the Internet website listed on your proxy card and following the instructions provided on the website. You may receive more than one set of proxy materials if you hold shares in more than one account. Please be sure to vote each proxy card you receive. If we do not hear from you, our proxy solicitor, AST Fund Solutions, LLC, may contact you. This will ensure that your vote is counted even if you cannot or do not wish to attend the Meeting in person.

Your vote is important to us. Thank you for your response and for your investment.

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

Invesco Exchange-Traded Self-Indexed Fund Trust

3500 Lacey Road, Suite 700

Downers Grove, Illinois 60515

NOTICE OF JOINT SPECIAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN that a joint special meeting of the shareholders of 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 (collectively, the “Trusts” and each individually, a “Trust,” with each series of a Trust referred to as a “Fund,” and collectively as the “Funds”) will be held on August 19, 2019 at 10:00 a.m., Central Time, at the offices of the Trusts, 3500 Lacey Road, Suite 700, Downers Grove, Illinois 60515 (the “Meeting”). At the Meeting, shareholders will be asked to consider and vote upon the following proposal (the “Proposal”) and to act upon any other business which may properly come before the Meeting or any adjournment or postponement thereof:

The Board of Trustees of each Trust (collectively, the “Board”) has approved and unanimously recommends that you vote “FOR” all nominees in the Proposal.

The Proposal is discussed in greater detail in the enclosed proxy statement. Please read the proxy statement carefully for information concerning the Proposal.

The persons named as proxies will vote in his or her discretion on any other business that may properly come before the Meeting or any adjournments or postponements thereof. In the event that the necessary quorum to transact business is not present at the Meeting, the chairman of the Meeting may adjourn the Meeting to a designated time and place to permit further solicitation of proxies, in accordance with applicable law and the respective Declaration of Trust and By-Laws of each Trust. Even if a quorum is present at the Meeting, the chairman of the Meeting may adjourn the Meeting, upon the affirmative vote of the holders of a majority of the shares of a Trust voting on the adjournment, present in person or by proxy at the Meeting or an adjournment thereof.

The persons named as proxies will vote “FOR” any such adjournment those proxies which they are entitled to vote in favor of the Proposal and will vote “AGAINST” any such adjournment those proxies to be voted against the Proposal. The proxies will not vote any shares for which they are directed to abstain from voting on the Proposal.

Shareholders of record of any Fund at the close of business on June 25, 2019 (the “Record Date”) are entitled to receive notice of, and to vote at, the Meeting and any adjournments thereof. Each shareholder is invited to attend the Meeting in person. However, if you cannot be present at the Meeting, we urge you to complete, sign and date the enclosed proxy card, and return it in the accompanying postage-paid envelope as promptly as possible, or take advantage of the telephonic or electronic voting procedures described on the proxy card.

Please notify us by calling 1-800-952-3502 if you plan to attend the Meeting. Shareholders who intend to attend the Meeting in person will need to bring proof of share ownership, such as a shareholder statement or letter from a custodian or broker-dealer confirming ownership, as of the Record Date, and a valid picture identification, such as a driver’s license or passport, for admission to the Meeting. Shareholders whose shares are held in “street name” through their broker will need to obtain a legal proxy from their broker and present it at the Meeting in order to vote in person. You may revoke your proxy at any time before or at the Meeting, and you may attend the Meeting to vote in person even though a proxy card already may have been returned. However, whether or not you expect to attend the Meeting in person, we urge you to complete, date, sign and return the enclosed proxy card in the enclosed postage-paid envelope or vote by telephone or through the Internet. If you have any questions about the foregoing information, you may call 1-866-769-1290.

Your vote is important to us. Thank you for taking the time to consider the Proposal.

JOINT PROXY STATEMENT

For

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

3500 Lacey Road, Suite 700

Downers Grove, Illinois 60515

Dated July 2, 2019

JOINT PROXY STATEMENT

FOR THE JOINT SPECIAL MEETING OF SHAREHOLDERS

TO BE HELD ON AUGUST 19, 2019

This joint proxy statement (“Joint Proxy Statement”) is being furnished to you in connection with the solicitation of proxies by the Boards of Trustees (each a “Board,” and collectively, the “Board”) of Invesco Exchange-Traded Fund Trust (“Trust I”), Invesco Exchange-Traded Fund Trust II (“Trust II”), Invesco India Exchange-Traded Fund Trust (“India Trust”), Invesco Actively Managed Exchange-Traded Fund Trust (“Active Trust”), Invesco Actively Managed Exchange-Traded Commodity Fund Trust (“Commodity Trust”) and Invesco Exchange-Traded Self-Indexed Fund Trust (“Self-Index Trust,” and collectively, with Trust I, Trust II, India Trust, Active Trust and Commodity Trust, the “Trusts” with each individually being a “Trust,” and each series of a Trust referred to as a “Fund,” and collectively as the “Funds”) to be voted at a joint special meeting of shareholders of the Trusts on August 19, 2019 at 10:00 a.m., Central Time, at the offices of the Trusts, 3500 Lacey Road, Suite 700, Downers Grove, Illinois 60515, and at any adjournments or postponements thereof (the “Meeting”).

This Joint Proxy Statement provides you with information you should review before voting on the matter listed in the Notice of Joint Special Meeting of Shareholders. Much of the information in this Joint Proxy Statement is required under rules of the Securities and Exchange Commission (“SEC”). If there is anything you do not understand, you may call 1-866-769-1290 for assistance. This Joint Proxy Statement, the Notice of Joint Special Meeting of Shareholders and related proxy card(s) were first mailed to shareholders of the Funds beginning on or about July 9, 2019.

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Proposal; Shareholders Entitled to Vote

The Meeting is being called to ask shareholders to consider and vote on the following proposal (the “Proposal”), which is described more fully below:

The Board of each Trust has unanimously approved and recommends that you vote “FOR” all nominees in the Proposal.

Shareholders of record of the Funds as of the close of business on June 25, 2019 (the “Record Date”) are entitled to attend and to vote at the Meeting. As of the Record Date, the number of shares of each Fund outstanding and entitled to vote at the Meeting are set forth in Appendix A.

The Meeting will be held at the offices of the Trusts, 3500 Lacey Road, Suite 700, Downers Grove, Illinois 60515. Shareholders who are eligible to vote and who intend to attend the Meeting in person will need to bring proof of share ownership, such as a shareholder statement or letter from a custodian or broker-dealer confirming ownership, as of the Record Date, and a valid picture identification, such as a driver’s license or passport, for admission to the Meeting.

If you do not expect to be present at the Meeting and wish to vote your shares, please vote your proxy in accordance with the instructions included on the enclosed proxy card(s). If your proxy is properly returned, shares represented by it will be voted at the Meeting in accordance with your instructions for the Proposal. If your proxy is properly executed and returned and no choice is specified on the proxy with respect to the Proposal, the proxy will be voted FOR the approval of the nominees in the Proposal. Shareholders who execute proxies may revoke or change their proxy at any time prior to the time it is voted by delivering a written notice of revocation, by delivering a subsequently dated proxy by mail, telephone or the Internet or by attending and voting in person at the Meeting. If you revoke a previous proxy, your vote will not be counted unless you submit a subsequent proxy or appear at the Meeting and vote in person or legally appoint another proxy to vote on your behalf.

If you own your shares through a bank, broker-dealer or other third-party intermediary who holds your shares of record, and you wish to attend the Meeting and vote your shares or revoke a previous proxy at the Meeting, you must request a legal proxy from such bank, broker-dealer or other third-party intermediary. If your proxy has not been revoked, the shares represented by the proxy will be cast at the Meeting and any adjournments thereof. Attendance by a shareholder at the Meeting does not, in itself, revoke a proxy.

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TO ASSURE THE PRESENCE OF A QUORUM AT THE MEETING, PLEASE PROMPTLY EXECUTE AND RETURN THE ENCLOSED PROXY CARD. A SELF-ADDRESSED, POSTAGE-PAID ENVELOPE IS ENCLOSED FOR YOUR CONVENIENCE. ALTERNATIVELY, YOU MAY VOTE BY TELEPHONE OR THROUGH THE INTERNET AT THE NUMBER OR WEBSITE ADDRESS PRINTED ON THE ENCLOSED PROXY CARD.

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PROPOSAL: TO ELECT TEN (10) TRUSTEES TO THE BOARD OF TRUSTEES OF EACH TRUST

Summary of the Proposal

At the Meeting, shareholders of each Trust will be asked to elect the following 10 nominees to serve as Trustees on the Board of each Trust: Mr. Ronn R. Bagge, Mr. Todd J. Barre, Mr. Kevin M. Carome, Admiral Edmund P. Giambastiani, Jr., Ms. Victoria J. Herget, Mr. Marc M. Kole, Mr. Yung Bong Lim, Ms. Joanne Pace, Mr. Gary R. Wicker and Mr. Donald H. Wilson.

The 10 nominees currently are Trustees, and represent the entirety of the Boards of Trust II, Commodity Trust and Self-Index Trust. Seven of the Trustees – Messrs. Bagge, Barre, Carome, Kole, Lim, Wicker and Wilson – were elected to the Board of each Trust by a vote of such Trust’s shareholders. In April 2019, those seven Trustees appointed the other three Trustees – Admiral Giambastiani, Ms. Herget and Ms. Pace – to serve as Trustees on the Board of each of Trust II, Commodity Trust and Self-Index Trust.

The Boards of Trust I, India Trust and Active Trust currently consists of seven Trustees: Messrs. Bagge, Barre, Carome, Kole, Lim, Wicker and Wilson. Five of those Trustees – Messrs. Bagge, Barre, Carome, Kole and Wilson – were elected to the Board of each Trust by a vote of such Trust’s shareholders. In 2013, those five Trustees appointed the other two Trustees – Messrs. Lim and Wicker – to serve as Trustees on the Board of each of Trust I, India Trust and Active Trust. Admiral Giambastiani, Ms. Herget and Ms. Pace currently do not serve as Trustees of Trust I, India Trust or Active Trust.

Except for Mr. Carome, each Trustee is not considered to be an “interested person” of each Trust, as such term is defined in the Investment Company Act of 1940, as amended (“1940 Act”) (an “Independent Trustee”). With the exception of Mr. Carome, should a trustee nominee be elected to the Board of a Trust by that Trust’s shareholders, it is expected that such nominee would qualify as an Independent Trustee. Mr. Carome is considered to be an “interested person” of each Trust (the “Interested Trustee”) because of his affiliation with Invesco Capital Management LLC, the Trusts’ investment adviser (the “Adviser”).

Background About the Proposal

Recently, Invesco Ltd. (“Invesco”), the corporate parent of the Adviser, and Massachusetts Mutual Life Insurance Company (“MassMutual”), an indirect corporate parent of OppenheimerFunds, Inc. and its subsidiaries, including OFI Advisors, LLC, the investment adviser to the Oppenheimer Funds and ETFs (collectively, “Oppenheimer” and the “Oppenheimer Funds”), completed a transaction whereby Invesco acquired Oppenheimer, MassMutual’s asset management affiliate (the “Transaction”). In connection with the Transaction, the assets and liabilities of each Oppenheimer ETF were

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transferred to a corresponding, newly formed series of Trust II or Self-Index Trust (the “Reorganizations”). In light of the Transaction and the Reorganizations and the increase in the number of Funds and assets overseen by the Board, the Board sought to increase the size of the Board from eight to 10 Board seats and to fill the vacancies.

At a joint meeting of the Board held on April 11, 2019, the Board appointed Admiral Giambastiani, Ms. Herget and Ms. Pace, each a former trustee of the Oppenheimer Funds as Trustees of Trust II, Commodity Trust and Self-Index Trust. However, pursuant to requirements of the 1940 Act that limit the number of board members that may be appointed by the trustees of a trust, Admiral Giambastiani, Ms. Herget and Ms. Pace cannot be appointed by the Trustees to the Boards of Trust I, India Trust and Active Trust. Instead, they must be elected to the Boards of those Trusts by a vote of each respective Trust’s shareholders. Therefore, at the joint meeting held on April 11, 2019, the Board, at the recommendation of its Nominating and Governance Committee (which consists solely of Independent Trustees), nominated Admiral Giambastiani, Ms. Herget and Ms. Pace for election to the Board of each Trust. Among other things, the Nominating and Governance Committee and the Board considered the background, experience and attributes of each of Admiral Giambastiani, Ms. Herget and Ms. Pace, including their experience with the Oppenheimer Funds, and how the attributes of Admiral Giambastiani, Ms. Herget and Ms. Pace were expected to assist the Board in carrying out its duties to the Trusts.

The Board is asking shareholders of each Trust to elect all 10 nominees to the Board of such Trust, even though certain nominees currently serve as Trustees on the Board of certain Trusts. In light of the 1940 Act’s requirements, shareholders’ election of the 10 nominees as Trustees of each Trust will provide the Board with maximum flexibility to replace Trustees going forward, as needed, without incurring the time and expense of unnecessary proxy solicitation.

Information about the Trustee Nominees

The persons named as proxies in the form of proxy that accompanies this Joint Proxy Statement intend to vote at the Meeting FOR the election of each Trustee nominee set forth below (unless directed not to vote). All Trustee nominees have indicated that they will serve on the Board, and the Board has no reason to believe that any of them will be unavailable to serve as Trustees. If the nominees are unavailable to serve for any reason, the persons named as proxies will vote for such other nominees nominated by the Nominating and Governance Committee. Under each Trust’s respective Declaration of Trust and By-Laws, a Trustee serves an indefinite term, until the next shareholder election or until his or her successor is elected and qualified, or until his or her death, resignation, retirement or removal (as provided in each Trust’s respective Declaration of Trust and By-Laws). The Trustees have adopted a retirement policy applicable to each Trust, whereby a Trustee will not be re-nominated for election by shareholders in the calendar year of the Trustee’s 75^th birthday or, if a Trust does not hold an election by shareholders in such year, the Trustee’s retirement will take effect no later than the end of the calendar year of his or her 75^th birthday.

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Independent Trustee Nominees

The nine Independent Trustee nominees, their term of office and length of time served (or the length of time served should they be elected by shareholders, as applicable), their principal business occupations during the past five years, the number of portfolios overseen by the Independent Trustee nominees (or the number of portfolios they will oversee should they be elected by shareholders, as applicable) and other directorships, if any, held by the Independent Trustee nominees are shown below. The “Fund Complex” includes all open and closed-end funds (including all of their portfolios) advised by the Adviser and any affiliated person of the Adviser. The “Fund Family” consists of the Trusts.

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Interested Trustee Nominee

Mr. Carome is an Interested Trustee by virtue of his position as an officer of the Adviser. His term of office and length of time served, his principal business occupations during at least the past five years, the number of portfolios in the Fund Complex overseen by Mr. Carome and the other directorships, if any, held by Mr. Carome, are shown below.

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Officers

The Board has appointed officers who are responsible for the day-to-day business decisions based on policies it has established. The executive officers of the Trust, their

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term of office and length of time served and their principal business occupations during the past five years are also shown below.

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Experience, Qualifications and Attributes

The Nominating and Governance Committee of the Board of the Trusts is responsible for identifying, evaluating and recommending trustee candidates to the Board. The Nominating and Governance Committee reviews the background and the educational, business and professional experience of trustee candidates and the candidates’ expected contributions to the Board. Trustees selected to serve on the Board are expected to possess relevant skills and experience, time availability and the ability to work well with the other Trustees. In addition to those qualities and based on each nominee’s experience, qualifications and attributes and the nominees’ combined

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contributions or anticipated contributions to the Board, the following is a brief summary of the information that led to the conclusion that each nominee should serve as a Trustee.

Independent Trustee Nominees

Ronn R. Bagge. Mr. Bagge has served as a trustee and Chairman of the Nominating and Governance Committee with the Fund Family since 2003 and as Vice Chair with the Fund Family since 2018. He founded YQA Capital Management, LLC in 1998 and has since served as a principal. Mr. Bagge serves as a Trustee and a member of the Investment Oversight Committee of Mission Aviation Fellowship. Previously, Mr. Bagge was the owner and CEO of Electronic Dynamic Balancing Company from 1988 to 2001. He began his career as a securities analyst for institutional investors, including CT&T Asset Management and J.C. Bradford & Co. The Board considered that Mr. Bagge has served as a board member or advisor for several privately held businesses and charitable organizations and the executive, investment and operations experience that Mr. Bagge has gained over the course of his career and through his financial industry experience.

Todd J. Barre. Mr. Barre has served as a trustee with the Fund Family since 2010. He served as Assistant Professor of Business at Trinity Christian College from 2010 to 2016. Previously, he served in various positions with BMO Financial Group/Harris Private Bank, including Vice President and Senior Investment Strategist (2001-2008), Director of Open Architecture and Trading (2007-2008), Head of Fundamental Research (2004-2007) and Vice President and Senior Fixed Income Strategist (1994-2001). From 1983 to 1994, Mr. Barre was with the Office of the Manager of Investments at Commonwealth Edison Co. He also was a staff accountant at Peat Marwick Mitchell & Co. from 1981 to 1983. The Board considered the executive, financial and investment experience that Mr. Barre has gained over the course of his career and through his financial industry experience.

Edmund P. Giambastiani, Jr. Admiral Giambastiani has served as a trustee with the Fund Family since 2019. He founded Giambastiani Group LLC in 2007 and has since served as its President. He has served as Director of The Boeing Company since 2009, as Director of THL Credit, Inc. since 2016, as Trustee of the U.S. Naval Academy Foundation Athletic & Scholarship Program since 2010, as an Advisory Board Member of the Massachusetts Institute of Technology Lincoln Laboratory since 2010, as Trustee of MITRE Corporation since September 2008 and as a Defense Advisory Board Member of Lawrence Livermore National Laboratory 2013. Previously, he served as Trustee of certain funds in the Oppenheimer Funds complex (2013-2019), an Advisory Board Member of the Maxwell School of Citizenship and Public Affairs of Syracuse University (2012-2016), Director of Mercury Defense Systems Inc. (2011-2013), Independent Director of QinetiQ Group Plc (2008-2011), Chairman (2015-2016), Lead Director (2011-2015) and Director (2008-2011) of Monster Worldwide, Inc., and Chairman of Alenia North America, Inc. (2008-2009) and Director of SRA

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International, Inc. (2008-2011). Admiral Giambastiani also served in the United States Navy as a career nuclear submarine officer (1970-2007), as Seventh Vice Chairman of the Joint Chiefs of Staff (2005-October 2007), as the first NATO Supreme Allied Commander Transformation (2003-2005) and Commander, U.S. Joint Forces Command (2002-2005). Since his retirement from the U.S. Navy in October 2007, Admiral Giambastiani has also served on numerous U.S. Government advisory boards, investigations and task forces for the Secretaries of Defense, State and Interior and the Directors of National Intelligence and Central Intelligence Agency. He recently completed serving as a federal commissioner on the Military Compensation and Retirement Modernization Commission. The Board considered the executive and operations experience that Admiral Giambastiani has gained over the course of his career and through his financial industry experience.

Victoria J. Herget. Ms. Herget has served as a trustee with the Fund Family since 2019. She has served as Trustee of Mather LifeWays since 2001, as Chair (2010-2017) and Trustee of Newberry Library since 2000, and as Trustee of Chikaming Open Lands since 2014. Previously, she served as Board Chair (2008-2015) and Director (2004-2018) of United Educators Insurance Company, as Trustee of certain funds in the Oppenheimer Funds complex (2012-2019) and as Independent Director of the First American Funds (2003-2011). Ms. Herget served as Managing Director (1993-2001), Principal (1985-1993), Vice President (1978-1985) and Assistant Vice President (1973-1978) of Zurich Scudder Investments (and its predecessor firms), as Trustee (1992-2007), Chair of the Board of Trustees (1999-2007), Investment Committee Chair (1994-1999) and Investment Committee member (2007-2010) of Wellesley College and as Trustee of BoardSource (2006-2009) and Chicago City Day School (1994-2005). The Board considered the executive, financial and investment experience that Ms. Herget has gained over the course of her career and through her financial industry experience.

Marc M. Kole. Mr. Kole has served as a trustee with the Fund Family since 2006 and Chairman of the Audit Committee with the Fund Family since 2008. He has been the Senior Director of Finance of By the Hand Club for Kids since 2015. Previously, he was the Chief Financial Officer of Hope Network from 2008 to 2012 and he was the Assistant Vice President and Controller at Priority Health from 2005 to 2008, Regional Chief Financial Officer of United Healthcare (2005), Chief Accounting Officer and Senior Vice President of Finance of Oxford Health Plans from 2000 to 2004 and Audit Partner at Arthur Andersen LLP from 1996 to 2000. Mr. Kole has served as Treasurer (2018-Present), Finance Committee Member (2015-Present) and Audit Committee Member (2015) of Thornapple Evangelical Covenant Church and previously served as Board and Finance Committee Member (2009-2017) and Treasurer (2010-2015, 2017) of NorthPointe Christian Schools. The Board has determined that Mr. Kole qualifies as an “audit committee financial expert” as defined by the SEC. The Board considered the executive, financial and operations experience that Mr. Kole has gained over the course of his career and through his financial industry experience.

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Yung Bong Lim. Mr. Lim has served as a trustee with the Fund Family since 2013 and Chairman of the Investment Oversight Committee with the Fund Family since 2014. He has been a Managing Partner of RDG Funds LLC since 2008. Previously, he was a Managing Director and the Head of the Securitized Products Group of Citadel LLC (1999-2007). Prior to his employment with Citadel LLC, he was a Managing Director with Salomon Brothers Inc. Mr. Lim has served as an Advisory Board Member of Performance Trust Capital Partners, LLC (2008-Present) and as a Board Director of Beacon Power Services, Corp. (2019-Present). The Board considered the executive, financial, operations and investment experience that Mr. Lim has gained over the course of his career and through his financial industry experience.

Joanne Pace. Ms. Pace has served as a trustee with in the Fund Family since 2019. She has served as Board Director of Horizon Blue Cross Blue Shield of New Jersey since 2012, as an Advisory Board Director of The Alberleen Group LLC since 2012, as Governing Council Member (since 2016) and Chair of Education Committee (since 2017) of Independent Directors Council (IDC), as a Board Member of 100 Women in Finance since 2015 and as an Advisory Council Member of Morgan Stanley Children’s Hospital since 2012. Previously, she has served as Trustee of certain funds in the Oppenheimer Funds complex (2012-2019), as Senior Advisor of SECOR Asset Management, LP (2010-2011), as Managing Director and Chief Operating Officer of Morgan Stanly Investment Management (2006-2010) and as Partner and Chief Operating Officer of FrontPoint Partners, LLC (2005-2006). Ms. Pace also held the following positions at Credit Suisse: Managing Director (2003-2005); Global Head of Human Resources and member of Executive Board and Operating Committee (2004-2005); Global Head of Operations and Product Control (2003-2004). She held the following positions at Morgan Stanley: Managing Director (1997-2003); Controller and Principal Accounting Officer (1999-2003); Chief Financial Officer (temporary assignment) for the Oversight Committee, Long Term Capital Management (1998-1999). She also served as Lead Independent Director and Chair of the Audit and Nominating Committee of The Global Chartist Fund, LLC of Oppenheimer Asset Management (2011-2012), as Board Director of Managed Funds Association (2008-2010) and as Board Director of Morgan Stanley Foundation (2007-2010) and Investment Committee Chair (2008-2010). The Board has determined that Ms. Pace qualifies as an “audit committee financial expert” as defined by the SEC. The Board considered the executive, financial, operations and investment experience that Ms. Pace has gained over the course of her career and through her financial industry experience.

Gary R. Wicker. Mr. Wicker has served as a trustee with the Fund Family since 2013. He has served as Senior Vice President of Global Finance and Chief Financial Officer at RBC Ministries since 2013. Previously, he was the Executive Vice President and Chief Financial Officer of Zondervan Publishing from 2007 to 2012. Prior to his employment with Zondervan Publishing, he held various positions with divisions of The Thomson Corporation, including Senior Vice President and Group Controller (2005-2006), Senior Vice President and Chief Financial Officer (2003-2004), Chief

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Financial Officer (2001-2003), Vice President, Finance and Controller (1999-2001) and Assistant Controller (1997-1999). Prior to that, Mr. Wicker was Senior Manager in the Audit and Business Advisory Services Group of Price Waterhouse (1994-1996). Mr. Wicker has served as a Board Member and Treasurer of Our Daily Bread Ministries Canada (2015-Present) and as a Board and Finance Committee Member of West Michigan Youth For Christ (2010-Present). The Board has determined that Mr. Wicker qualifies as an “audit committee financial expert” as defined by the SEC. The Board considered the executive, financial and operations experience that Mr. Wicker has gained over the course of his career and through his financial industry experience.

Donald H. Wilson. Mr. Wilson has served as a trustee with the Fund Family since 2006 and as the Independent Chair with the Fund Family since 2012. He also served as lead Independent Trustee in 2011. He has served as the Chairman, President and Chief Executive Officer of McHenry Bancorp Inc. and McHenry Savings Bank since 2018. He has served as the Chairman and Chief Executive Officer of Stone Pillar Advisors, Ltd. since 2010. Previously, he was President and Chief Executive Officer of Stone Pillar Investments, Ltd. (2016-2018). He was also the Chairman, President and Chief Executive Officer of Community Financial Shares, Inc. and its subsidiary, Community Bank—Wheaton/Glen Ellyn (2013-2015). He also was the Chief Operating Officer (2007-2009) and Executive Vice President and Chief Financial Officer (2006-2007) of AMCORE Financial, Inc. Mr. Wilson also served as Senior Vice President and Treasurer of Marshall & Ilsley Corp. from 1995 to 2006. He started his career with the Federal Reserve Bank of Chicago, serving in several roles in the bank examination division and the economic research division. Mr. Wilson has served as a Director of Penfield Children’s Center (2004-Present) and as Board Chairman of Gracebridge Alliance, Inc. (2015-Present). The Board has determined that Mr. Wilson qualifies as an “audit committee financial expert” as defined by the SEC. The Board considered the executive, financial and operations experience that Mr. Wilson has gained over the course of his career and through his financial industry experience.

Interested Trustee Nominee

Kevin M. Carome. Mr. Carome has served as a trustee with the Fund Family since 2010. He has served as the Senior Managing Director and General Counsel of Invesco Ltd. since 2007 and has held various senior executive positions with Invesco Ltd. since 2003. Previously, he served in various positions with Liberty Financial Companies, Inc., including Senior Vice President and General Counsel (2000-2001), General Counsel of certain investment management subsidiaries (1998-2000) and Associate General Counsel (1993-1998). Prior to his employment with Liberty Financial Companies, Inc., Mr. Carome was an associate with Ropes & Gray LLP. The Board considered Mr. Carome’s senior executive position with Invesco Ltd.

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Board Leadership Structure

The Boards of Trust II, Commodity Trust and Self-Index Trust currently are composed of each Trustee nominee. The Boards of Trust I, India Trust and Active Trust currently are composed of each Trustee nominee, except Admiral Giambastiani, Ms. Herget and Ms. Pace. Each Board is responsible for oversight of the Funds that are series of its respective Trust, including oversight of the duties performed by the Adviser for such Funds under the respective investment advisory agreements between the Adviser and each Trust, on behalf of the Funds (the “Investment Advisory Agreements”). The Board generally meets in regularly scheduled meetings five times a year and may meet more often as required. Information on the number of meetings held by the Board of each Trust during the Trust’s most recently completed fiscal year is set forth in Appendix B. During the most recently completed fiscal year for each Trust, each Trustee then serving in such capacity attended at least 75% of the meetings of Trustees and of any Committee of which he is a member.

Mr. Wilson, one of the Independent Trustees, serves as the chair of the Board (the “Independent Chair”). The Independent Chair, among other things, chairs the Board meetings, participates in the preparation of the Board agendas and serves as a liaison between, and facilitates communication among, the other Independent Trustees, the full Board, the Adviser and other service providers with respect to Board matters. Mr. Bagge, as Chair of the Nominating and Governance Committee, serves as vice chair of the Board (the “Vice Chair”). In the absence of the Independent Chair, the Vice Chair is responsible for all of the Independent Chair’s duties and may exercise any of the Independent Chair’s powers. The Chairs of the Audit Committee, Investment Oversight Committee and Nominating and Governance Committee also serve as liaisons between the Adviser and other service providers and the other Independent Trustees for matters pertaining to their respective Committees. The Board believes that its current leadership structure is appropriate taking into account the assets and number of funds in the Fund Family overseen by the Trustees, the size of the Board and the nature of the Funds’ business, as the Interested Trustee and officers of the Trusts provide the Board with insight as to the daily management of the Funds while the Independent Chair promotes independent oversight of the Funds by the Board.

Risk Oversight

The Funds are subject to a number of risks, including operational, investment and compliance risks. The Board, directly and through its Committees, as part of its oversight responsibilities, oversees the services provided by the Adviser and the Trusts’ other service providers in connection with the management and operations of the Funds, as well as their associated risks. Under the oversight of the Board, the Trusts, the Adviser and other service providers have adopted policies, procedures and controls to address these risks. The Board, directly and through its Committees, receives and reviews information from the Adviser, other service providers, the Trusts’ independent registered public accounting firm, Trust counsel and counsel to the

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Independent Trustees to assist it in its oversight responsibilities. This information includes, but is not limited to, reports regarding the Funds’ investments, including Fund performance and investment practices, valuation of Fund portfolio securities, and compliance. The Board also reviews, and must approve any proposed changes to, a Fund’s investment objective, policies and restrictions, and reviews any areas of non-compliance with a Fund’s investment policies and restrictions. The Audit Committee monitors each Trust’s accounting policies, financial reporting and internal control system and reviews any internal audit reports impacting a Trust. As part of its compliance oversight, the Board reviews the annual compliance report issued by the Trusts’ Chief Compliance Officer on the policies and procedures of the Trusts and their service providers, proposed changes to those policies and procedures and quarterly reports on any material compliance issues that arose during the period.

Committees

The Board has three standing committees: the Audit Committee, the Investment Oversight Committee and the Nominating and Governance Committee. The Board has delegated certain responsibilities to those Committees. Information about each Committee is set forth below, and information on the number of meetings held by each Committee during the most recently completed fiscal year of each Trust is set forth in Appendix B.

Audit Committee. The Audit Committee consists entirely of Independent Trustees. Messrs. Kole (Chair), Wicker and Wilson currently serve as members of the Audit Committee of the Board of each Trust. Ms. Pace also currently serves as a member of the Audit Committee of the Board of Trust II, Commodity Trust and Self-Index Trust and will serve as a member of the Audit Committee of Trust I, India Trust and Active Trust if elected as a Trustee of those Trusts. The Audit Committee has adopted a written charter. The Audit Committee has the responsibility, among other things, to: (i) approve and recommend to the Board the selection of the Trusts’ independent registered public accounting firm, (ii) review the scope of the independent registered public accounting firm’s audit activity, (iii) review the audited financial statements and (iv) review with such independent registered public accounting firm the adequacy and the effectiveness of the Trusts’ internal controls over financial reporting.

Investment Oversight Committee. The Investment Oversight Committee consists entirely of Independent Trustees. Messrs. Bagge, Barre and Lim (Chair) currently serve as members of the Investment Oversight Committee of the Board of each Trust. Ms. Herget and Admiral Giambastiani also currently serve as members of the Investment Oversight Committee of the Board of Trust II, Commodity Trust and Self-Index Trust and will serve as members of the Investment Oversight Committee of Trust I, India Trust and Active Trust if elected as Trustees of those Trusts. The Investment Oversight Committee has the responsibility, among other things, (i) to review Fund investment performance, including tracking error and correlation to a Fund’s Underlying Index (as applicable), (ii) to review any proposed changes to the

23

Funds’ investment policies, comparative benchmark indices or underlying index, and (iii) to review the Funds’ market trading activities and portfolio transactions.

Nominating and Governance Committee. The Nominating and Governance Committee consists entirely of Independent Trustees. Messrs. Bagge (Chair), Barre, Kole, Lim, Wicker and Wilson currently serve as members of the Nominating and Governance Committee of the Board of each Trust. Admiral Giambastiani, Ms. Herget and Ms. Pace also currently serve as members of the Nominating and Governance Committee of the Board of Trust II, Commodity Trust and Self-Index Trust and will serve as members of the Nominating and Governance Committee of Trust I, India Trust and Active Trust if elected as Trustees of those Trusts. The Nominating and Governance Committee has the responsibility, among other things, to identify and recommend individuals for Board membership and evaluate candidates for Board membership.

Candidate Nomination Process

As noted above, the Nominating and Governance Committee identifies, evaluates and recommends candidates for Board membership. The Nominating and Governance Committee has adopted a written charter, which is attached as Appendix C. Such charter sets forth, among other things, certain criteria that the Nominating and Governance Committee uses to evaluate Board candidates. The principal criterion for selection of candidates is their ability to carry out the responsibilities of the Board; however, the Nominating and Governance Committee may consider a number of factors in evaluating Board candidates, including whether a candidate exhibits a stature commensurate with the responsibility of representing shareholders, whether a candidate has a willingness to strive for high attendance levels at regular and special meetings and participate in committee activities as needed, and whether a candidate represents the best choice available based upon thorough identification, investigation and recruitment. The Nominating and Governance Committee also will consider a candidate’s background, skills, experience and ability to carry out the responsibilities of the Board; however, different substantive areas may assume greater or lesser significance at particular times, in light of the Board’s present composition and its perceptions about future issues and needs.

The Nominating and Governance Committee generally believes that diversity of backgrounds, skills and experience benefits the Board, and it seeks candidates that will provide the Board with a broad cross section of backgrounds, functional disciplines and experience. However, the Nominating and Governance Committee has not adopted a formal policy in this regard. The Nominating and Governance Committee considers prospective candidates from any reasonable source, including from recommendations by shareholders of the Trusts. Nominations from shareholders should be in writing and sent to the Secretary of the Trusts to the attention of the Chairman of the Nominating and Governance Committee, at the address of the Trusts listed on the front page of this Joint Proxy Statement. Such candidates will be considered with any other trustee

24

candidates on the basis of the same criteria described above used to consider and evaluate candidates recommended by other sources. The Trusts have not paid a fee to third parties to assist in finding nominees.

Ownership of Fund Shares

Set forth in Appendix D is information, as of December 31, 2018, regarding the dollar value of shares of the Funds beneficially owned by each Trustee nominee, as well as the aggregate dollar range of all shares owned by each Trustee nominee of Funds within the Fund Complex, as determined in accordance with Rule 16a-1(a)(2) under the Securities Exchange Act of 1934, as amended. An Independent Trustee may elect to defer all, or a portion, of his or her annual compensation, which deferred amount is deemed to be invested in shares of the Funds. The amounts listed in Appendix D as “owned” shares include any shares in which a Trustee’s deferred compensation is deemed invested by that Trustee.

As of December 31, 2018, each Trustee nominee and executive officer of the Trusts individually, and all Trustee nominees and executive officers of the Trusts collectively as a group, owned less than 1% of the outstanding shares of each Fund. To the best of the Trusts’ knowledge, as of May 31, 2019, no person owned beneficially more than 5% of the outstanding shares of any Fund’s securities, except as set out in Appendix E.

Compensation

The fees paid to the Independent Trustees are allocated half pro rata among all the Funds in the Fund Family and the other half is allocated among all of the Funds in the Fund Family based on average net assets. Information relating to compensation paid to the Trustees for each Fund’s most recently completed fiscal year is set forth in Appendix F.

Required Vote

Shareholders of each Trust, including each Fund, will vote on a Trust-by-Trust basis to elect Trustees to that Trust’s Board. For each Trust, the presence at the Meeting, in person or by proxy, of thirty-three and one-third percent (33 1/3%) of the outstanding shares of such Trust entitled to vote shall be sufficient to constitute a quorum for that Trust. Trustees are elected by the affirmative vote of a plurality of votes cast at the meeting, either in person or by proxy, and entitled to vote. A plurality vote means that the nominees with the most votes will be elected to the available seats. Since the number of nominees is the same as the number of available seats, it is likely that all nominees will be elected. In the election of trustees, votes may be cast in favor or withheld.

Recommendation of each Board

Each Board, including the Independent Trustees, unanimously recommends that shareholders of each Trust vote FOR the election of each Trustee nominee.

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OTHER INFORMATION

Other Business

The Trusts do not require the Trustees to attend the Meeting. The Trustees do not intend to present any other business at the Meeting, nor are they aware that any shareholder intends to do so. If, however, any other matters are properly brought before the Meeting, the persons named in the accompanying form of proxy will vote thereon in accordance with their judgment.

Submission of Shareholder Proposals

The Trusts generally are not required to hold annual meetings of shareholders and the Trusts currently do not intend to hold such shareholder meetings in any year unless certain specified shareholder actions are required to be taken under a Trust’s charter documents or in accordance with the 1940 Act. Because the Trusts do not hold annual shareholder meetings, the anticipated date of the next shareholders meeting cannot be provided.

Although the Trusts have not adopted a specific process regarding shareholder proposals, any shareholder desiring to submit a proposal to be presented at any meeting of shareholders of a Trust hereafter called may submit such proposal to the Secretary of that Trust at the Trust’s principal offices, to be received within a reasonable time before the solicitation of proxies for such meeting in order for such proposal to be considered for inclusion in that proxy statement relating to such meeting. However, the timely submission of a proposal by a shareholder does not guarantee that such proposal will be included in a proxy statement or presented at a shareholder meeting; whether a shareholder proposal is included in a proxy statement will be determined in accordance with applicable federal and state law.

Shareholder Communications

Shareholders may send communications to the Board by addressing the communications directly to the Board (or individual Board members) and/or otherwise clearly indicating in the salutation that the communication is for the Board (or individual Board members). Shareholders may send the communication to the Trusts’ office. Management will review and generally respond to other shareholder communications a Trust receives that are not directly addressed and sent to the Board. Such communications will be forwarded to the Board at management’s discretion based on the matters contained therein.

LEGAL PROCEEDINGS

There are no material pending legal proceedings to which any Trustee, nominee or affiliated person of such Trustee or nominee is a party adverse to the Funds or any of

26

their affiliated persons or has a material interest adverse to the Funds or any of their affiliated persons. In addition, there have been no legal proceedings that are material to an evaluation of the ability or integrity of any Trustee, nominee or executive officer of the Funds within the past ten years.

INFORMATION ABOUT THE MEETING

Record Date

Shareholders of record of the Trusts as of the close of business on the Record Date are entitled to vote at the Meeting. Shareholders of the Trusts on the Record Date will be entitled to one vote for each whole share and a proportionate fractional vote for each fractional share that they own. No shares have cumulative voting rights in the election of Trustees. The number of shares that you may vote is the total of the number shown on the proxy card accompanying this Joint Proxy Statement. Appendix A sets forth the number of shares issued and outstanding for each Fund and Trust as of the Record Date.

Revocation of Proxies

Any shareholder who has submitted a proxy may revoke or withdraw the proxy with respect to any matter to be considered at the Meeting if such revocation or withdrawal is properly received prior to the vote on that matter, by delivering a duly executed proxy bearing a later date or by attending the Meeting and voting in person on the matter. The superseding proxy need not be voted using the same method (mail, telephone, or Internet) as the original proxy vote. Attendance by a shareholder at the Meeting does not, in itself, revoke a proxy.

If you own your shares through a bank, broker-dealer or other third-party intermediary who holds your shares of record, and you wish to attend the Meeting and vote your shares or revoke a previous proxy at the Meeting, you must request a legal proxy from the bank, broker-dealer or other third-party intermediary.

All properly executed and unrevoked proxies received in time for the Meeting will be voted as instructed by shareholders. If you execute your proxy but give no voting instructions, your shares that are represented by proxies will be voted “FOR” the Proposal and, in the proxies’ discretion, “FOR” or “AGAINST” any other business that may properly come before the Meeting.

Quorum and Adjournment

For each Trust, the holders of thirty-three and one-third percent (33 1/3%) of the outstanding shares of such Trust entitled to vote, as of the Record Date, and present in person or by proxy at the Meeting shall constitute a quorum for that Trust. In the event that the necessary quorum is not present at the Meeting, the chairman of the Meeting

27

may adjourn the Meeting to a designated time and place to permit further solicitation of proxies, in accordance with applicable law and the respective Declaration of Trust and By-Laws of each Trust. Even if a quorum is present at the Meeting, the chairman of the Meeting may adjourn the Meeting upon the affirmative vote of the holders of a majority of the shares of a Trust voting on the adjournment, present in person or by proxy at the Meeting or an adjournment thereof. The persons named as proxies will vote in favor of any such adjournment those proxies which they are entitled to vote in favor of the Proposal and will vote against any such adjournment those proxies to be voted against the Proposal. The proxies will not vote any shares for which they are directed to abstain from voting on the Proposal.

Effect of Abstentions and Broker Non-Votes. For purposes of determining the presence of a quorum for transacting business at the Meeting, abstentions and broker “non-votes” (i.e., shares held by brokers or nominees, typically in “street name,” as to which (i) instructions have not been received from the beneficial owners or persons entitled to vote and (ii) the broker or nominee does not have discretionary voting power on a particular matter) will be treated as shares that are present for purposes of determining a quorum. For purposes of determining the approval of the Proposal, abstentions and broker non-votes do not count as votes cast with respect to the Proposal. Accordingly, abstentions and broker non-votes will have no effect on the Proposal. With respect to a proposed adjournment of the Meeting, shares present and entitled to vote that are represented by broker non-votes, may, at the discretion of the proxies named herein, be voted in favor of such an adjournment.

Discretionary Voting. Broker-dealers that hold a Trust’s shares in “street name” for the benefit of their customers will request the instructions of such customers on how to vote their shares on the election of a Trustee. The Trusts understand that, under the rules of the New York Stock Exchange (“NYSE”), such broker-dealer firms may for certain “routine” matters, without instructions from their customers and clients, grant discretionary authority to the proxies designated by the Board to vote if no instructions have been received prior to the date specified in the broker-dealer firm’s request for voting instructions. The election of a Trustee is a “routine” matter and beneficial owners who do not provide proxy instructions or who do not return a proxy card may have their shares voted by broker-dealer firms in favor of the Proposal. Broker-dealers who are not members of the NYSE may be subject to other rules, which may or may not permit them to vote your shares without instruction. We urge you to provide instructions to your broker or nominee so that your votes may be counted.

Solicitation of Proxies; Expenses

The initial solicitation of proxies will be made by mail. Additional solicitations may be made by telephone, e-mail, or other personal contact by the Trusts’ officers, by the employees or representatives of the Adviser or one of its affiliates, or by a proxy soliciting firm retained by the Funds. AST Fund Solutions, LLC will serve as proxy solicitor to assist in the solicitation of proxy votes primarily by contacting shareholders

28

by telephone. The proxy solicitor’s services include proxy consulting, mailing, tabulation and solicitation services. The proxy solicitor has estimated costs associated with its services to be approximately $5 million; however, costs may vary depending on the number of solicitations made. Such costs will be split equally between the Trusts and the Adviser (i.e., the Trusts and the Adviser will each bear approximately $2.5 million of expenses), but all additional costs above $5 million will be paid solely by the Adviser. The Trusts’ officers, and those employees and representatives of the Adviser or its affiliates who assist in the proxy solicitation, will not receive any additional or special compensation for any such efforts.

Internet Availability of Proxy

IMPORTANT NOTICE REGARDING THE INTERNET AVAILABILITY OF PROXY MATERIALS FOR THE JOINT SPECIAL SHAREHOLDER MEETING TO BE HELD ON AUGUST 19, 2019

The Joint Proxy Statement and other proxy materials are available at proxyonline.com/docs/invescoETF2019.pdf.

GENERAL INFORMATION; MANAGEMENT AND OTHER SERVICE PROVIDERS

Service Providers

Investment Adviser. Invesco Capital Management LLC, located at 3500 Lacey Road, Suite 700, Downers Grove, Illinois 60515, serves as the investment adviser to the Trusts. The Adviser is a an indirect, wholly-owned subsidiary of Invesco Ltd., located at Two Peachtree Pointe, 1555 Peachtree Street, N.E., Atlanta, Georgia 30309.

Principal Underwriter. Invesco Distributors, Inc. (“IDI”), located at 11 Greenway Plaza, Suite 1000, Houston, Texas 77046-1173, serves as the distributor for the Funds.

Administrator. The Bank of New York Mellon, located at 240 Greenwich Street, New York, New York 10286, serves as the administrator for the Funds.

Independent Registered Public Accounting Firm

PricewaterhouseCoopers, LLP (“PwC”) has been selected as the Trusts’ independent registered public accounting firm by the Audit Committee and ratified by unanimous approval of the Board, including a majority of the Independent Trustees, to audit the financial statements of the Funds. Representatives of PwC are not expected to be present at the Meeting. In the event representatives of PwC do attend the Meeting, they will have the opportunity to make a statement if they desire to do so and will be available to answer appropriate questions.

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The following tables show the aggregate fees that PwC billed each Trust for the last two fiscal years/periods (if available) of the Funds in each Trust. With respect to the line items in the tables, “Audit fees” are those fees associated with the audit of the Fund’s annual financial statements or services that are normally provided in connection with statutory and regulatory filings or engagements and registration consents. “Audit-related fees” refer to the assurance and related services by the independent public accounting firm that are reasonably related to the performance of the Fund’s annual financial statements and are not otherwise included under the “audit fees” category above. “Tax fees” refer to fees for professional services rendered by the registered principal accounting firm for tax compliance, tax advice and tax planning. “All other fees” refer to fees related to internal control reviews, strategy and other consulting, financial information systems design and implementation, consulting on other information systems, and other tax services.

Invesco Exchange-Traded Fund Trust

Invesco Exchange-Traded Fund Trust II (FYE 8/31)

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Invesco Exchange-Traded Fund Trust II (FYE 10/31)

Invesco India Exchange-Traded Fund Trust

Invesco Actively Managed Exchange-Traded Fund Trust

31

Invesco Actively Managed Exchange-Traded Commodity Fund Trust

Invesco Exchange-Traded Self-Indexed Fund Trust

Audit Committee’s Pre-Approval Policies and Procedures. The Audit Committee has adopted policies and procedures by which certain services provided by the independent registered public accounting firm are pre-approved. Such policies and procedures are included herein as Appendix G.

In accordance with its pre-approval policies and procedures, all of the audit services for the fiscal years indicated for each Trust were approved by the Audit Committee in accordance with its pre-approval policies and procedures.

PwC billed the Adviser and any entity controlling, controlled by or under common control with the Adviser that provides ongoing services to the Trusts the following

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aggregate fees for pre-approved non-audit services rendered to the Adviser and any affiliates for the last two fiscal years. The Audit Committee pre-approved all non-audit services provided to the Adviser and its affiliates that were required to be pre-approved.

Auditor Independence. The following disclosure relates to the independence of PwC with respect to Rule 2-01(c)(1)(ii)(A) of Regulation S-X (the “Loan Rule”). The Loan Rule prohibits accounting firms, such as PwC, from being deemed independent if they have certain financial relationships with their audit clients or certain affiliates of those clients. The Trusts are required under various securities laws to have their financial statements audited by an independent accounting firm.

The Loan Rule specifically provides that an accounting firm would not be independent if it receives, or certain of its affiliates or covered persons receive, a loan from a lender that is a record or beneficial owner of more than ten percent of an audit client’s equity securities (referred to as a “more than ten percent owner”). For purposes of the Loan Rule, audit clients include the Funds as well as all registered investment companies advised by the Adviser and its affiliates, including other subsidiaries of the Adviser’s parent company, Invesco Ltd. (collectively, the “Invesco Fund Complex”). PwC informed the Audit Committee that it has, and that certain of its affiliates or covered persons have, relationships with lenders who hold, as record owner, more than ten percent of the shares of certain funds within the Invesco Fund Complex. These relationships call into question PwC’s independence under the Loan Rule with respect to those funds, as well as all other funds in the Invesco Fund Complex.

On June 20, 2016, the SEC Staff issued a “no-action” letter to another mutual fund complex (see Fidelity Management & Research Company et al., No-Action Letter) related to the auditor independence issue described above. In that letter, the SEC indicated that it would not recommend enforcement action against a fund that relied on

33

audit services performed by an audit firm that was not in compliance with the Loan Rule in certain specified circumstances. On June 18, 2019, the SEC adopted amendments to the Loan Rule (the “Amendments”) addressing many of the issues that led to the issuance of the no-action letter. The Amendments will become effective and supersede the no-action letter 90 days after publication in the Federal Register.

In an August 18, 2016 letter, and in subsequent communications, PwC affirmed to the Audit Committee that, as of the date of the letter and the subsequent communications, respectively, PwC is an independent accountant with respect to each Trust, within the meaning of PCAOB Rule 3520. In its letter and in its subsequent communications, PwC also informed the Audit Committee that, after evaluating the facts and circumstances and the applicable independence rules, PwC has concluded that with regard to its compliance with the independence criteria set forth in the rules and regulations of the SEC related to the Loan Rule, it believes that it remains objective and impartial despite matters that may ultimately be determined to be inconsistent with these criteria and therefore it can continue to serve as the Trusts’ registered public accounting firm. PwC has advised the Audit Committee that this conclusion is based in part on the following considerations: (1) the lenders to PwC have no influence over any Fund, or other entity within the Invesco Fund Complex, or its investment adviser; (2) none of the officers or trustees of the Invesco Fund Complex whose shares are owned by PwC lenders are associated with those lenders; (3) PwC understands that the shares held by PwC lenders are held for the benefit of and on behalf of its policy owners/end investors; (4) investments in funds such as the Invesco Fund Complex funds are passive; (5) the PwC lenders are part of various syndicates of unrelated lenders; (6) there have been no changes to the loans in question since the origination of each respective note; (7) the debts are in good standing and no lender has the right to take action against PwC, as borrower, in connection with the financings; (8) the debt balances with each lender are immaterial to PwC and to each lender; and (9) the PwC audit engagement team has no involvement in PwC’s treasury function and PwC’s treasury function has no oversight of or ability to influence the PwC audit engagement team. In addition, PwC has communicated that the lending relationships appear to be consistent with the lending relationships described in the no-action letter and that they are not aware of other relationships that would be implicated by the Loan Rule.

The SEC no-action relief granted in the June 20, 2016 letter was initially set to expire 18 months from issuance, but has been extended by the SEC without an expiration date, except that the no-action letter will be withdrawn upon the effectiveness of the Amendments. In addition to relying on PwC’s August 18, 2016 letter and subsequent communications regarding its independence, the Trusts intend to rely upon the no-action letter.

In the past year, PwC advised the Audit Committee of the following matters for consideration under the SEC’s auditor independence rules. PwC advised the Audit Committee that a PwC manager, a PwC Senior Manager and a PwC Partner each held financial interests either directly or, in the case of the PwC Partner, indirectly through

34

her spouse equivalent’s brokerage account in investment companies within the Invesco Fund complex that were inconsistent with the requirements of Rule 2-01(c)(1) of Regulation S-X. PwC noted, among other things, that during the time of its audit, the engagement team was not aware of the investments, the individuals were not in the chain of command of the audit or the audit partners of Invesco or the affiliates of the Trusts, the services each individual provided were not relied upon by the audit engagement team with respect to the audit of the Trusts or their affiliates or, in the case of the PwC Partner, the individual did not provide any services to the Trusts or their affiliates, and the investments were not material to the net worth of each individual or their respective immediate family members.

Based on these considerations, PwC advised the Audit Committee that it believes its objectivity and impartiality had not been adversely affected by these matters as they related to the audit of the Trusts.

Shareholder Reports

Copies of each Trust’s Annual Report for the most recently completed fiscal year (and succeeding Semi-annual Reports, if any) have been mailed to shareholders. This Joint Proxy Statement should be read in conjunction with each Annual Report (and Semi-annual Report, if applicable). You can obtain copies of the Annual Reports and Semi-annual Reports of a Trust, without charge, by writing to the respective Trust, c/o IDI at 11 Greenway Plaza, Suite 1000, Houston, Texas 77046-1173, or by calling 1-800-983-0903. Copies of each Trust’s Annual and Semi-annual Reports also are available, free of charge, at www.invesco.com/ETFs.

Householding

Householding is an option available to certain investors of the Funds. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Householding for the Funds is available through certain broker-dealers. If you currently are enrolled in householding, the Trusts may mail only one copy of this Joint Proxy Statement to you, unless a Trust has received contrary instructions. The consolidation of these mailings benefits the Trusts through reduced mailing expenses. If a shareholder wants to receive multiple copies of these materials, the shareholder should contact their broker-dealer.

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APPENDIX A

SHARES ISSUED AND OUTSTANDING

On the Record Date, each Fund had the following number of shares issued and outstanding:

A-1

A-2

A-3

A-4

A-5

A-6

APPENDIX B

INFORMATION ON NUMBER OF BOARD AND COMMITTEE MEETINGS

During the most recent full fiscal year for each Trust listed in the table below, the Board and each Committee of the Trusts met the following number of times:

B-1

APPENDIX C

INVESCO ETFS

NOMINATING AND GOVERNANCE COMMITTEE CHARTER

I. PURPOSE

The Nominating and Governance Committee is a committee of the Board of Trustees of the Fund. Its primary function is to identify and recommend individuals for membership on the Board and oversee the administration of the Board’s Governance Guidelines and Procedures.

II. COMPOSITION

The Nominating and Governance Committee shall be comprised of three or more board members¹ as determined by the Board, each of whom shall be an independent board member, and free from any relationship that, in the opinion of the Board, would interfere with the exercise of his or her independent judgment as a member of the Nominating and Governance Committee. For purposes of the Nominating and Governance Committee, a board member is independent if he or she is not an “interested person” of the Fund as that term is defined in the Investment Company Act of 1940.

The members and Chairman of the Nominating and Governance Committee shall be elected by the Board annually and serve until their successors shall be duly elected and qualified.

III. MEETINGS

The Nominating and Governance Committee shall meet annually, or more frequently as circumstances dictate. Special meetings (including telephone meetings) may be called by the Chair or a majority of the members of the Nominating and Governance Committee upon reasonable notice to the other members of the Nominating and Governance Committee.

IV. RESPONSIBILITIES AND DUTIES

To fulfill its responsibilities and duties, the Nominating and Governance Committee shall:

A. Board Nominations and Functions

C-1

(a) The Board collectively should represent a broad cross section of backgrounds, functional disciplines and experience.

(b) Candidates should exhibit stature commensurate with the responsibility of representing shareholders.

(c) Candidates shall affirm their availability and willingness to strive for high attendance levels at regular and special meetings, and participate in committee activities as needed.

(d) Candidates should represent the best choices available based upon thorough identification, investigation and recruitment of candidates.

B. Committee Nominations and Functions

C. Other Powers and Responsibilities

C-2

April 20, 2007 (Invesco Exchange-Traded Fund Trust II)

February 22, 2008 (Invesco India Exchange-Traded Fund Trust)

March 20, 2008 (Invesco Actively Managed Exchange-Traded Fund Trust)

September 25, 2014 (Invesco Actively Managed Exchange-Traded Commodity Fund Trust)

December 14, 2016 (Invesco Exchange-Traded Self-Indexed Fund Trust)

C-3

APPENDIX D

DOLLAR AMOUNT OF SHARES OWNED BY TRUSTEES AND TRUSTEE NOMINEES

The following tables show, as of December 31, 2018, the dollar range of equity securities beneficially owned by each trustee nominee in each Fund, as well as on an aggregate basis in all Funds in the Invesco Fund Complex that the trustee nominee will oversee. If a Fund is not listed next to a Trustee, such Trustee did not own any shares of such Fund as of December 31, 2018.

D-1

D-2

D-3

APPENDIX E

OWNERSHIP OF SHARES

Occasionally, the number of shares of a Fund held in “street name” accounts of various securities dealers for the benefit of their clients as well as the number of shares held by other shareholders of record may exceed 5% of the total shares outstanding of such Fund. As of May 31, 2019, to the best of the knowledge of the Funds, the following shareholders beneficially owned 5% or more of the outstanding voting shares of each Fund:

E-1

E-2

E-3

E-4

E-5

E-6