INVESCO EXCHANGE-TRADED SELF-INDEXED FUND TRUST
SUPPLEMENT DATED MAY 29, 2020 TO THE
STATEMENT OF
ADDITIONAL INFORMATION DATED SEPTEMBER 18, 2019,
AS PREVIOUSLY SUPPLEMENTED, OF:
Invesco BulletShares 2021 Municipal Bond ETF
Invesco BulletShares 2022 Municipal Bond ETF
Invesco BulletShares 2023 Municipal Bond ETF
Invesco BulletShares 2024 Municipal Bond ETF
Invesco BulletShares 2025 Municipal Bond ETF
Invesco BulletShares 2026 Municipal Bond ETF
Invesco BulletShares 2027 Municipal Bond ETF
Invesco BulletShares 2028 Municipal Bond ETF
Invesco BulletShares 2029 Municipal Bond ETF
(each, a “Fund” and collectively, the “Funds”)
Effective immediately, the following disclosure replaces the first paragraph in the section “Exchange Listing and Trading”:
There can be no assurance that a Fund will continue to meet the requirements of the Exchange necessary to maintain the
listing of its Shares. The Exchange may, but is not required to, remove the Shares of a Fund from listing if: (i) following the initial 12-month period beginning at the commencement of trading of a Fund, there are fewer than 50 beneficial owners of
Shares; (ii) the Fund is no longer eligible to operate in reliance on Rule 6c-11 under the 1940 Act; (iii) the Fund fails to meet certain continued listing standards of the Exchange; or (iv) such other event shall occur or condition shall exist that,
in the opinion of the Exchange, makes further dealings on the Exchange inadvisable. The Exchange will remove the Shares of a Fund from listing and trading upon termination of the Fund.
Effective immediately, the fourth paragraph in the section “Exchange Listing and Trading” is deleted in its entirety.
Effective immediately, the following disclosure replaces the second and third paragraphs in the section “Disclosure of Portfolio Holdings –
Portfolio Holdings Policy”:
Each business day before the opening of regular trading on the Exchange where a Fund’s Shares are traded, the Fund
discloses on its website (www.invesco.com/ETFs) the portfolio holdings that will form the basis for the Fund’s next calculation of NAV per Share. The Trust, the Adviser and The Bank of New York Mellon (“BNYM” or the “Administrator”) will not
disseminate non-public information concerning the Trust.
Access to information concerning the Funds’ portfolio holdings may be permitted at other times: (i) to personnel of
third-party service providers, including the Funds’ custodian, transfer agent, auditors and counsel, as may be necessary to conduct business in the ordinary course in a manner consistent with such service providers’ agreements with the
Trust on behalf of the Funds; or (ii) in instances when the Funds’ President and/or Chief Compliance Officer determines
that (x) such disclosure serves a reasonable business purpose and is in the best interests of the Fund’s shareholders; and (y) in making such disclosure, no conflict exists between the interests of the Fund’s shareholders and those of the Adviser or
the Distributor.
Effective immediately, all references and biographical information relating to Daniel E. Draper, as President and Principal Executive
Officer of the Trust, shown in the table setting forth information about Officers of the Trust under the section titled “Management” are hereby deleted in their entirety.
Effective immediately, the references and biographical information relating to Anna Paglia shown in the table setting forth information
about Officers of the Trust under the section titled “Management” are revised as follows:
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Name, Address and
Year of Birth of
Executive Officer
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Position(s) Held
with Trust
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Term of
Office and
Length of
Time Served*
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Principal Occupation(s) During Past 5 Years
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Anna Paglia—1974
Invesco Capital Management LLC
3500 Lacey Road, Suite 700
Downers Grove, IL 60515
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Secretary
President and Principal Executive Officer
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Since 2015
Since 2020
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President and Principal Executive Officer, 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 (May 2020-present); Managing Director and Global Head of ETFs
and Indexed Strategies, Chief Executive Officer and Principal Executive Officer, Invesco Capital Management LLC (June 2020-present); Chief Executive Officer, Manager and Principal Executive Officer, Invesco Specialized Products, LLC (June
2020-present); Secretary, Invesco Exchange-Traded Fund Trust, Invesco Exchange-Traded Fund Trust II, Invesco India Exchange-Traded Fund Trust and Invesco Actively Managed Exchange-Traded Fund Trust (2011-Present), Invesco Actively Managed
Exchange-Traded Commodity Fund Trust (2014-Present) and Invesco Exchange-Traded Self-Indexed Fund Trust (2015-Present); Head of Legal (2010-Present) and Secretary (2015-Present), Invesco Capital Management LLC; Manager and Assistant
Secretary, Invesco Indexing LLC (2017-Present); and Head of Legal and Secretary, Invesco Specialized Products, LLC (2018-Present). Formerly, K&L Gates LLP (formerly, Bell Boyd & Lloyd LLP)
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2007-2010); and Associate Counsel at Barclays Global Investors Ltd. (2004-2006).
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Effective immediately, the following disclosure replaces the first and second paragraphs in the section “Creation and Redemption of Creation
Unit Aggregations – Role of the Authorized Participant”:
A Fund only may issue Creation Units to, or redeem Creation Units from, an authorized participant, referred to herein as
an “AP.” To be eligible to place orders for the purchase or redemption of a Creation Unit of a Fund, an AP must have executed a written agreement with the Fund or one of its service providers that allows the AP to place such orders (“Participant
Agreement”). In addition, an AP must be a member or participant of a clearing agency that is registered with the SEC. An AP may place orders for the creation or redemption of Creation Units through the clearing process of the Continuous Net
Settlement System (the “Clearing Process”) of the National Securities Clearing Corporation (“NSCC”), Euroclear, the Fed Book-Entry System and/or DTC, subject to the procedures set forth in the Participant Agreement. (APs that participate in the
Clearing Process are sometimes referred to as a “Participating Party,” and APs that are eligible to utilize the Fed Book Entry System and/or DTC are sometimes referred to as a “DTC Participant.”) Transfers of securities settling through Euroclear or
other foreign depositories may require AP access to such facilities.
Effective immediately, the following disclosure replaces the first sentence of the first paragraph in the section “Creation and Redemption
of Creation Unit Aggregations – Creations – Portfolio Deposit”:
The consideration for purchase of a Creation Unit of a Fund generally consists of the in-kind deposit of a portfolio of
securities, assets or other positions constituting a substantial replication of a Fund’s portfolio holdings (the “Deposit Securities”) and an amount of cash denominated in U.S. dollars (the “Cash Component”) computed as described below, plus any
applicable administrative or other transaction fees, also as discussed below.
Effective immediately, the following disclosure replaces the first sentence of the third paragraph in the section “Creation and Redemption
of Creation Unit Aggregations – Creations – Portfolio Deposit”:
Each business day before the opening of regular trading on the Exchange where a Fund’s Shares are traded (usually 9:30
a.m., Eastern Time), the Fund discloses on its website (www.invesco.com/ETFs) the Deposit Securities and/or the amount of the applicable Cash Component to be included in the current Portfolio Deposit (based on information at the end of the previous
Business Day) for each Fund.
Effective immediately, the following disclosure replaces the fourth and fifth paragraphs in the section “Creation and Redemption of Creation
Unit Aggregations – Creations – Portfolio Deposit”:
The identity and number of shares of the Deposit Securities required for a Portfolio Deposit will change as rebalancing
adjustments and corporate action events are reflected
within the affected Fund from time to time by the Adviser with a view to the investment objective of the Fund. The
composition of the Deposit Securities also may change in response to adjustments to the weighting or composition of the securities of the relevant Underlying Index. Such adjustments will reflect changes known to the Adviser by the time of
determination of the Deposit Securities in the composition of the relevant Underlying Index or resulting from stock splits and other corporate actions.
The Adviser expects that the Deposit Securities should correspond pro rata, to the extent practicable, to the securities
held by the Fund. However, the Trust reserves the right to permit or require an order containing the substitution of an amount of cash—i.e., a “cash in lieu” amount—to be added, at its discretion, to the Cash Component to replace one or more Deposit
Securities. For example, a cash substitution may be permitted or required for any Deposit Securities that (i) may not be available in sufficient quantity for delivery, (ii) may not be eligible for transfer through the systems of DTC or the Clearing
Process (discussed below), (iii) might not be eligible for trading by an AP or the investor on whose behalf the AP is acting, or (iv) in certain other situations at the sole discretion of the Trust. Additionally, the Trust may permit or require the
submission of a portfolio of securities or cash that differs from the composition of the published portfolio(s) (a “Custom Order”). A Fund also may permit or require the consideration for Creation Unit Aggregations to consist solely of cash (see
“—Cash Creations” below).
Effective immediately, the following disclosure replaces the third sentence of the second paragraph in the section “Creation and Redemption
of Creation Unit Aggregations – Creation Orders – Procedures for Creation of Creation Unit Aggregations”:
In the case of Custom Orders, the Order Cut-Off Time is no later than 3:00 p.m., Eastern time.
Effective immediately, the following disclosure is added to the end of the fourth paragraph in the section “Creation and Redemption of
Creation Unit Aggregations – Creation Orders – Procedures for Creation of Creation Unit Aggregations”:
Special procedures are specific to Custom Orders, as set forth in the Participant Agreement.
Effective immediately, the following disclosure replaces the first sentence of the second paragraph in the section “Creation and Redemption
of Creation Unit Aggregations – Redemptions – Fund Securities”:
Each business day before the opening of regular trading on the Exchange where a Fund’s Shares are traded (usually 9:30
a.m., Eastern Time), the Fund discloses the Fund Securities that will be applicable (subject to possible amendment or correction) to redemption requests received in proper form (as defined below) on that day, as well as the Cash Redemption Amount.
Effective immediately, the following disclosure replaces the third and fourth paragraphs in the section “Creation and Redemption of Creation
Unit Aggregations – Redemptions – Fund Securities”:
The Adviser expects that the Fund Securities should correspond pro rata, to the extent practicable, to the securities
held by the Fund. However, Fund Securities received on redemption may not be identical to Deposit Securities that are applicable to creations of Creation Units. The Trust also may provide such redeemer a Custom Order, which, as described above, is a
portfolio of securities that differs from the exact composition of the published list of Fund Securities, but in no event will the total value of the securities delivered and the cash transmitted differ from the NAV. In addition, the Trust reserves
the right to permit or require an amount of cash to be added, at its discretion, to the Cash Redemption Amount to replace one or more Fund Securities (see “—Cash Redemptions” below).
Effective immediately, the following disclosure replaces the first two paragraphs in the section “Creation and Redemption of Creation Unit
Aggregations – Redemptions – Cash Redemptions”:
Certain Funds (as set forth in the Prospectus) generally will pay out the proceeds of redemptions of Creation Units
partially or principally for cash (or through any combination of cash and Fund Securities). In addition, an investor may request a redemption in cash that a Fund may, in its sole discretion, permit. In either case, the investor will receive a cash
payment in an amount equal to the NAV of its Shares next determined after a redemption request is received (less any redemption transaction fees imposed, as specified above).
Effective immediately, the following disclosure replaces the second and third paragraphs in the section “Creation and Redemption of Creation
Unit Aggregations – Redemptions Requests – Procedures for Redemption of Creation Unit Aggregations”:
All requests to redeem Creation Units, whether through the Clearing Process, or outside the Clearing Process through DTC
or otherwise, must be received by the Distributor no later than the Order Cut-Off Time on the relevant Business Day. As with creation orders, requests for redemption of Custom Orders must be received by 3:00 p.m., Eastern time, and some Funds, as set
forth in the Participant Agreement, may have different Order Cut-Off Times for redemptions.
A redemption request will be considered to be in “proper form” if (i) a duly completed request form is received by the
Distributor from the AP on behalf of itself or another redeeming investor at the specified Order Cut-Off Time, and (ii) arrangements satisfactory to the Fund are in place for the AP to transfer or cause to be transferred to the Fund the Creation Unit
of such Fund being redeemed on or before contractual settlement of the redemption request. Special procedures are specific to Custom Orders, as set forth in the Participant Agreement.
Effective immediately, the section “Determination of NAV – Intraday Indicative Value” is deleted in its entirety.
Please Retain This Supplement for Future Reference.
P-BLLT-SAI-1-SUP-1 052920