Invesco Unit Trusts
Dividend Sustainability
Portfolio
What makes an aristocrat? A commitment to dividends.
The strategy invests in companies that have raised their
dividends for the last 25 consecutive years.
Total return
Symbol: DVST171
Income sustainability and quality Unit trust structure
Invesco believes that sustainable
dividend income and capital appreciation
potential are important to total return
expectations. Corporate managers use
stable and increasing dividends as a sign
of confidence in their firm’s prospects,
while investors may consider such track
records as signs of corporate maturity
and strength.1
Companies with strong dividend
coverage should be able to increase
dividend payments.1
If rated, each company included in the
portfolio has a domestic S&P Capital IQ
Quality Ranking of B or higher and an
S&P Credit Rating of BBB or higher,
each as of the initial deposit date.2
Diversified. A basket of stocks that are
professionally selected and monitored.
Disciplined. A consistent, repeatable
selection methodology and investment
process.
Defined. A fixed portfolio that enables
investors to always know what they own.
Dividend Aristocrats outperform historically
This chart compares the average annual total returns of the S&P 500 Dividend Aristocrats Index to the S&P 500 Index. The 3, 5 and 10-year time
periods shown all demonstrate how the dividend-focused S&P 500 Dividend Aristocrats Index has outperformed the broader S&P 500 Index.
Returns (%)
20
1 year
20.04
3 year
5 year
15.35
14.71
15
11.42
10
10.85
10 year
14.09
9.63
6.99
5
0
S&P 500 Dividend Aristocrats Index
S&P 500 Index
Source: S&P Indices. Data as of Jan. 31, 2017.
Past performance does not guarantee of future results and the payment of dividends is never assured and may vary over time. The performance above is not
that of any DVST portfolio.
The above chart is presented for the purpose of illustrating the outperformance of the S&P 500 Dividend Aristocrats Index relative to the S&P 500 Index in
certain time periods. This performance is not indicative of how this series of the Dividend Sustainability Portfolio will perform. Investors should further note that
each series of the Dividend Sustainability Portfolio invests in a subjectively selected portfolio consisting of a subset of the stocks currently included in the S&P 500
Dividend Aristocrats Index.
Average annual total return and total return measure change in the value of an investment assuming reinvestment of all dividends and capital gains. Average
annual total return reflects annualized changes. As a result of recent market activity, current performance may vary.
Dividend Sustainability Portfolio
Symbol
DVST171
Term of trust
24 months
Offering period
3 months
Sales charge
3.95%
Breakpoints
Begin at $50,000
Number of securities
25
Invest with a leader3
• $145 billion. Equity and fixed income unit trust initial deposits since 1976.
• 70+ years. Industry experience in analysis, surveillance and securities selection.
1 Past performance is no guarantee of future results, and the payment of dividends are never assured and may vary over time.
2 S&P Quality Rankings reflect the long-term growth and stability of a company’s earnings and dividends in a range from A+ (highest) to C (lowest), with a ranking
of D reflecting in reorganization and LIQ represents liquidation. See standardandpoors.com for additional information.
3 As of Dec. 31, 2016, through Invesco Unit Investment Trusts and predecessor firms.
Aristocrats and Invesco Unit Trusts’ process
Dividend yield for the
Dividend Aristocrats®
has consistently been
in the range of 2%
to 5% over the past
10 years.3
Aristocrats and Invesco Unit Trusts’ process
S&P 500 Dividend
Aristocrats Index
Dividend Sustainability
Portfolio selection process
Measures the performance
of companies within the
S&P 500 Index that have
increased dividends every
year for at least 25
consecutive years.
– Includes many familiar
household names
– Balanced between
growth and value
S&P Dividend
Aristocrats
Index
Remove stocks
below $5
Apply ranking/
rating to equate
to B/BBB or
better1
Apply portfolio
screens2
DVST Portfolio
Potential strength of dividend-paying stocks
A company that can pay dividends when the market is in flux may demonstrate strength and may add
an element of stability to your portfolio. Dividend growth has historically tied to strong performance.
From 1929 through
2016, compounded
dividends represented
approximately 45%
of the S&P 500 Index’s
total return.3
Average annual total returns of S&P 500 stocks by dividend policy
Data is from Jan. 31, 1972 through Dec. 31, 2016
Percent (%)
Dividend cutters
and eliminators
Non-dividendpaying stocks
Dividend payers
with no change
All dividendpaying stocks
Dividend growers
and initiators
12
10
9.10%
9.90%
7.40%
8
6
4
2.40%
2
-0.40%
Source: 2017 Ned Davis Research, Inc. Past performance does not guarantee future results. Most recent data available.
Indices are unmanaged and one cannot invest directly in an index. All stocks were categorized by the following methodology
for total return of each 12-month period from Jan. 31, 1972 through Dec. 31, 2016.
Dividend Cutters and Eliminators represents stocks in the S&P 500 that have lowered or eliminated their dividend; NonDividend-Paying Stocks represents non-dividend-paying stocks of the S&P 500; Dividend Payers With No Change represents all
dividend-paying stocks of the S&P 500 that have maintained their existing dividend rate; All Dividend-Paying Stocks represents
all dividend-paying stocks in the S&P 500; and Dividend Growers and Initiators represents all dividend-paying stocks of the
S&P 500 that raised their existing dividend or initiated a new dividend. Performance does not represent any unit trust or
strategy.
1 If rated, a domestic S&P Capital IQ Quality Rank of B or better and an Standard & Poor’s credit rating of BBB or better
(companies which do not have a domestic S&P Capital IQ Rank or an S&P Credit Rating maybe included).
2 Companies selected based on factors including: market capitalization, earnings over the previous 12 months, debt-to-equity
ratio, cash and equivalents and the dividend coverage metric.
3 Standard & Poor’s, Dec. 31, 2016. Most recent data available. Past performance is no guarantee of future results and the
payment of dividends by a company is never assured and may vary over time.
Trust specifics
Objective
Deposit information
The portfolio seeks above average capital appreciation. The portfolio seeks to achieve its objective by
investing in a portfolio of stocks derived from the S&P 500 Dividend Aristocrats Index. The S&P 500
Dividend Aristocrats Index consists of stocks of those companies in the S&P 500 Index that have
increased their actual dividend payments in each of the last 25 years.
Public offering
price per unit2
$10.00
Minimum
investment
($250 for IRAs)3
$1,000.00
Portfolio composition1 (As of the deposit date)
Deposit date
02/01/17
Termination date
02/01/19
†
Distribution dates
25th day of each June,
September, December and March,
commencing June 25, 2017
Record dates†
10th day of each June,
September, December and March,
commencing June 10, 2017
Term of trust
24 months
NASDAQ symbol
IDVSTX
Estimated net
annual income
per unit†
$0.19886
Estimated
distribution rate†
1.98%
Sales charge
Consumer Discretionary
Leggett & Platt, Inc.
Lowe’s Companies, Inc.
McDonald’s Corporation
LEG
LOW
MCD
Consumer Staples
Colgate-Palmolive Company
PepsiCo, Inc.
Procter & Gamble Company
Sysco Corporation
Walgreens Boots Alliance, Inc.
Wal-Mart Stores, Inc.
CL
PEP
PG
SYY
WBA
WMT
Energy
Exxon Mobil Corporation
XOM
Financials
Aflac, Inc.
Cincinnati Financial Corporation
T. Rowe Price Group, Inc.
AFL
CINF
TROW
Deferred
sales charge
2.45%
Creation and
development fee
0.50%
Maximum
sales charge
3.95%
GD
ITW
SWK
Information Technology
Automatic Data Processing, Inc.
ADP
Materials
Air Products and Chemicals, Inc.
PPG Industries, Inc.
Sherwin-Williams Company
APD
PPG
SHW
Telecommunication Services
AT&T, Inc.
T
Blend
Growth
10/10/17
Mid
Last deferred
sales charge
payment date
Value
Industrials
General Dynamics Corporation
Illinois Tool Works, Inc.
Stanley Black & Decker, Inc.
Large
1.00%
ABT
BDX
BCR
JNJ
Sector breakdown (%)
As of the business day before deposit date
Equity style box
Initial sales charge
Health Care
Abbott Laboratories
Becton, Dickinson and Company
C.R. Bard, Inc.
Johnson & Johnson
Cash
46139L-10-0
Reinvest
46139L-11-8
Wrap fee cash
46139L-12-6
Wrap fee reinvest
46139L-13-4
Small
DVST171 CUSIPs
Breakpoint information*
Transaction
amount
Sales
charge (%)
Less than $50,000
3.95
$50,000 –
$99,999
3.70
$100,000
– $249,999
3.45
$250,000
– $499,999
3.10
$500,000
– $999,999
2.95
$1,000,000
or more4
2.45
Rollover or
exchange4
2.95
Wrap fee
0.50
The style characteristics of the portfolio are determined as
of the initial date of deposit. For a complete description of
these characteristics refer to the following page.
Consumer Discretionary
Consumer Staples
Energy
Financials
Health Care
Industrials
Information Technology
Materials
Telecommunication Services
11.97
23.95
3.99
11.95
16.10
12.01
4.00
12.04
3.99
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.
† The estimated net annual income per unit (ENAI) and estimated distribution rate (EDR) are as of 01/31/17 and are based
on the most recently declared quarterly dividends or issued distributions, interim and final dividends accounting for any
foreign withholding taxes or scheduled income payments, but may also be based upon several recently declared dividends or
distributions. The actual net annual income distributions (ANAI) and distribution rates you receive will vary from their
respective estimates due to changes in the trust’s fees and expenses, in income received, currency fluctuations and with
the call, maturity or sale of securities. The EDR for this trust is based on the initial $10 public offering price per Unit as
stated in the prospectus. The EDR is calculated by taking the ENAI divided by the initial $10 public offering price which
can vary as a result of unit purchases above or below $10 per unit and/or variations in actual distributions received in
relation to the ENAI. The ANAI, as well as the EDR, are expected to decrease over time because a portion of the securities
included in the trust will be sold to pay for organization costs, deferred sales charges and the creation and development fee.
Securities may also be sold to pay regular fees and expenses during the trust’s life.
See page 4 for the footnotes on trust specifics.
* 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 Rollover and exchange purchases of less than $1,000,000 will be subject to a reduced sales charge of 2.95%. However, all aggregated purchases of at least
$1,000,000, including those consisting of rollover and/or exchange proceeds, will be subject to a reduced sales charge of 2.45%. Please refer to the prospectus for
additional details about sales charge discounts.
About risk
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. The trust should be considered as part of a long-term investment strategy and you should
consider your ability to pursue it by investing in successive trusts, if available. You will realize tax consequences associated with investing from
one series to the next.
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. There can be no guarantee or assurance that companies will declare dividends in the future or that if declared,
they will remain at current levels or increase over time.
You could experience dilution of your investment if the size of the Portfolio is increased as Units are sold. There is no assurance that your
investment will maintain its proportionate share in the Portfolio’s profits and losses.
The portfolio 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 on-line entrants, economic
recession and a slowdown in consumer spending trends.
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.
Explore High-Conviction Investing with Invesco
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 advisor(s) for a prospectus
or download one at invesco.com/uit.
S&P Capital IQ Quality Rankings reflect the long-term growth and stability of a company’s earnings and dividends in a range from A+ (highest) to C (lowest),
with a ranking of D reflecting in reorganization and LIQ represents liquidation. See standardandpoors.com for additional information.
A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect
to debt obligations, including specific securities, money market instruments or other debts. Ratings are measured on a scale that generally ranges from
AAA (highest) to D (lowest); ratings are subject to change without notice. For more information on Standard & Poor’s rating methodology, please visit
standardandpoors.com and select “Understanding Ratings” under Ratings on the homepage.
The opinions expressed are based on current market conditions and are subject to change without notice. These opinions may differ from those of other
Invesco investment.
The S&P 500 Index is an unmanaged index generally representative of the US stock market and consists of 500 large-cap common stocks actively traded in
the United States.
The S&P 500 Dividend Aristocrats Index is an index composed of 40 companies in the S&P 500 Index that have had an increase in dividends for 25 consecutive
years. The S&P 500 Dividend Aristocrats Index tracks the performance of these companies. A dividend aristocrat tends to be a large blue-chip company. Indices are
statistical composites and their returns do not include payment of any sales charges or fees an investor would pay to purchase the securities they represent.
Such costs would lower performance. It is not possible to invest directly in an index.
STANDARD & POOR’S, S&P, S&P 500 and DIVIDEND ARISTOCRATS are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”), a wholly
owned subsidiary of The McGraw-Hill Companies, Inc. Standard & Poor’s Investment Advisory Services LLC (“SPIAS”) is a registered investment advisor and a
wholly owned subsidiary of The McGraw-Hill Companies, Inc. SPIAS reviews the Invesco Capital Markets, Inc.’s investment selections for the S&P Dividend
Sustainability Portfolio. SPIAS does not provide advice to underlying clients of the firms to which it provides services. SPIAS does not act as a “fiduciary” or as an
“investment manager,” as defined under ERISA, to any investor. SPIAS is not responsible for client suitability. Past performance is not indicative of future returns.
SPIAS, S&P and their affiliates do not sponsor, endorse, sell, promote or manage any investment fund or other vehicle that is offered by third parties and that
seeks to provide an investment return based on a SPIAS investment strategy or the constituents or the returns of any index. SPIAS, S&P and their affiliates make
no representation regarding the advisability of investing in any such investment fund or other vehicle. With respect to recommendations made by SPIAS, investors
should realize that such information is provided only as a general guideline. SPIAS does not take into account any information about any investor or any investor’s
assets when providing its services. There is no agreement or understanding whatsoever that SPIAS will provide individualized advice to any investor. SPIAS does
not have any discretionary authority or control with respect to purchasing or selling securities or making other investments. Individual investors should ultimately
rely on their own judgment and/or the judgment of a financial advisor in making their investment decisions. There is no assurance that future dividend payouts will
equal or exceed past dividend payouts. Standard & Poor’s parent company, The McGraw-Hill companies, Inc. may be one of the constituents of the S&P 500
Dividend Aristocrats Index and may be included in the portfolio based solely on quantitative measurements.
For additional disclaimers and disclosures for SPIAS, please see http://www.standardandpoors.com/regulatory-affairs/spias/en/us
Invesco unit investment trusts are distributed by the sponsor, Invesco Capital Markets, Inc. and broker dealers including Invesco Distributors, Inc. Both firms are
indirect, wholly owned subsidiaries of Invesco Ltd.
Invesco • 11 Greenway Plaza, Suite 1000 • Houston, TX 77046-1188
invesco.com/uit
U-DVST171-PROFCT-1 04/17
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