Currency hedging

Currency or exchange-rate risk is a factor when you invest in foreign securities. Although you purchased the investment in Canadian dollars, it invests in a market outside of Canada using a different currency. As a result, changes in the value of the Canadian dollar relative to the foreign currency affect your investment value either positively or negatively.

The purpose of this page is to keep you up to date on foreign currency hedging activities in those funds where the portfolio managers choose to hedge some or all foreign currency exposure.

Invesco Trimark doesn't require portfolio management teams to either hedge or not hedge foreign currency exposure. The decision rests solely with the lead portfolio manager of a fund. Portfolio managers may decide to hedge or not hedge based on their personal philosophies or may act opportunistically and hedge some currencies some of the time. Portfolio managers are free to change their foreign currency strategy at any time and without notice.

Listed below are all Invesco Trimark funds that currently have some currency hedging in place (other than the currency-neutral solutions) as at the date indicated. This information will be updated at each quarter end.

Core bundles

Fund	Currencies that are hedged	Exposure to this currency (before hedges) (%)	% of this currency exposure hedged	Total foreign currency exposure of the Fund (after hedges) (%)
Invesco Core Canadian Balanced Class	EUR USD	5 13	23 62	17
Invesco Core Canadian Equity Class	USD	17	16	32

Fixed-Income funds

Fund	Currencies that are hedged	Exposure to this currency (before hedges) (%)	% of this currency exposure hedged	Total foreign currency exposure of the Fund (after hedges) (%)
Trimark Government Plus Income Fund	USD	0	100	0
Trimark Canadian Bond Fund	USD	7	51	5
Trimark Floating Rate Income Fund	USD	69	84	18
Trimark Advantage Bond Fund	USD	52	80	15
Trimark Global High Yield Bond Fund	USD	76	84	20

Balanced funds

Fund	Currencies that are hedged	Exposure to this currency (before hedges) (%)	% of this currency exposure hedged	Total foreign currency exposure of the Fund (after hedges) (%)
Trimark Income Growth Fund	EUR USD	4 24	53 72	11
Trimark Diversified Income Class	USD	17	41	22
Trimark Select Balanced Fund	USD	22	18	20
Invesco Canadian Balanced Fund	USD	6	16	28
Trimark Global Balanced Fund	MXN USD ZAR	4 49 2	62 20 45	71
Trimark Global Balanced Class	MXN USD ZAR	4 49 2	62 20 46	72
Invesco Global Balanced Fund	EUR GBP JPY USD	23 11 14 31	55 21 94 43	57

Canadian equity funds

Fund	Currencies that are hedged	Exposure to this currency (before hedges) (%)	% of this currency exposure hedged	Total foreign currency exposure of the Fund (after hedges) (%)
Trimark Canadian Plus Dividend Class	USD	17	33	25
Trimark Canadian Fund	USD	27	20	23
Invesco Select Canadian Equity Fund	USD	18	8	30

Global equity funds

Fund	Currencies that are hedged	Exposure to this currency (before hedges) (%)	% of this currency exposure hedged	Total foreign currency exposure of the Fund (after hedges) (%)
Trimark Global Dividend Class	CHF EUR GBP USD	10 11 11 58	52 59 51 53	49
Trimark Global Endeavour Fund	MXN ZAR	5 4	68 53	88
Trimark Global Endeavour Class	MXN ZAR	5 4	69 53	88

Sector funds

Fund	Currencies that are hedged	Exposure to this currency (before hedges) (%)	% of this currency exposure hedged	Total foreign currency exposure of the Fund (after hedges) (%)
Trimark Resources Fund	USD	13	18	22

Private Pools

Fund	Currencies that are hedged	Exposure to this currency (before hedges) (%)	% of this currency exposure hedged	Total foreign currency exposure of the Fund (after hedges) (%)
Trimark Canadian Bond Private Pool	USD	7	51	5
Trimark Monthly Income Private Pool	USD	16	38	22
Trimark World Balanced Private Pool	MXN USD ZAR	4 49 2	63 20 46	72
Invesco Canadian Equity Private Pool	USD	18	8	29
Trimark Global Mid-Cap Equity Private Pool	MXN ZAR	5 4	68 52	87

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