Invesco Ltd. is an independent investment management firm offering a range of active, passive, and alternative investment capabilities. The firm manages investments across various asset classes, investment styles, and geographies, serving clients in over 120 countries. Invesco's business model is focused on delivering long-term investment performance, high-quality client service, and effective distribution relationships.

The company operates as an integrated global investment manager, presenting itself as a single firm to clients around the world. Invesco has a significant presence in the retail and institutional markets within the investment management industry in the Americas, Europe, Middle East and Africa (EMEA), and Asia-Pacific (APAC).

• Employees: 8,489 (as of December 31, 2023)
• Geographic Footprint: More than 20 countries
• Headquarters: Atlanta, GA
• Founded: Not available in filing
• Number of locations/facilities: Leased office space in over 20 countries
• Revenue: $5.716 billion (FY2023)
• Market Capitalization: $6.0 billion (as of June 30, 2023)
• Key Subsidiaries/Brands: Invesco Great Wall Fund Management Company Limited

• CEO: Andrew R. Schlossberg
• CFO: L. Allison Dukes
• Chief Accounting Officer: Terry G. Vacheron
• Board Chair: G. Richard Wagoner, Jr.

• Annual Revenue: $5.716 billion (FY2023)
• Net Income: -$333.7 million (FY2023)
• Market Cap: $6.0 billion (as of June 30, 2023)
• Total Assets: $28.933 billion (as of December 31, 2023)
• Employees: 8,489 (as of December 31, 2023)
• Key Financial Highlights: The company experienced a net loss in FY2023, primarily due to a non-cash impairment of intangible assets.

Invesco offers multiple investment objectives within various asset classes and products, including:

• Equity: Core/Value/Growth Style, Emerging Markets, International/Global, and Thematic/Sector
• Fixed Income: Buy and Hold, Convertibles, Government Bonds, High-Yield Bonds, and Municipal Bonds
• Balanced: Balanced Risk, Global/Regional, and Target Risk
• Alternatives: Absolute Return, Commodities, Direct Lending, and Private Real Estate
• Money Market: Cash Plus, Government/Treasury, and Prime

The company operates under a single operating segment: investment management. AUM is diversified by client domicile, distribution channel, and asset class. As of December 31, 2023:

• Americas: $1,133.9 billion
• EMEA: $215.9 billion
• APAC: $235.5 billion

The company's AUM is also split between retail ($1,042.0 billion) and institutional ($543.3 billion) channels. Additionally, AUM is split between active ($985.3 billion) and passive ($600.0 billion) strategies.

Invesco's strategy focuses on delivering capabilities that build enduring partnerships and create better outcomes for clients. Key strategic objectives include:

• Achieving strong, long-term investment performance
• Growing high-demand investment offerings
• Creating an environment where talented people thrive
• Acting like owners for all stakeholders

The company is also focused on simplifying and streamlining the organization to improve scale, performance, and profitability.

The investment management business is highly competitive. Invesco competes with a large number of investment management firms, commercial banks, investment banks, broker-dealers, hedge funds, and insurance companies. Key competitive factors include investment performance, fees, range of products offered, brand recognition, business reputation, financial strength, depth and continuity of relationships, and quality of service. The industry is experiencing transformative pressures, including increased fee pressure, a shift towards passive and alternative strategies, and increased regulatory scrutiny.

• Market Risks: Volatility and disruption in global capital and credit markets, adverse changes in the global economy, and fluctuations in interest rates, liquidity and credit markets could negatively affect AUM, revenues, net income, and liquidity.
• Investment Performance Risks: Poor investment performance of products could reduce AUM, affect sales, and negatively impact revenues and net income. Competitive pressures may force the company to reduce fees.
• Operational and Technology Risks: Loss of key personnel, changes in distribution channels, failure to comply with client requirements, system failures, cyber-attacks, and business continuity problems could negatively affect the business.
• Regulatory and Legal Risks: Enforcement actions, changes in laws and regulations, and civil litigation could decrease AUM, revenues, net income, and liquidity.
• Financial Risks: Losses on seed capital and co-investments, changes in exchange rates, and impairments of goodwill and intangible assets could adversely affect financial results.