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Cyber threats are considered one of the most significant risks facing financial institutions.
−Removed: Because the Trust has no directors, principal officers or employees, the Sponsor is responsible for managing cybersecurity risks to the Fund.
+Added: Because the Trust has no directors, principal officers or employees, the Sponsor is responsible for managing cybersecurity risks to the Trust.
To mitigate risk from cyber threats, Invesco Ltd.
−Removed: (“Invesco”), the Sponsor’s parent company, has a designated Global Chief Security Officer (GCSO) who leads the global security department that is responsible for identifying, assessing, and managing cybersecurity threats across the Invesco organization.
+Added: (“Invesco”), the Sponsor’s parent company, has a designated Global Chief Security Officer (“GCSO”) who leads the global security department that is responsible for identifying, assessing, and managing cybersecurity threats across the Invesco organization.
The GCSO experience in the public and private sectors, specializing in security, investigations, and incident response.
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Information Security, Global Privacy, Business Continuity & Crisis Management, Resilience, and Corporate Security.
−Removed: This converged security structure supports a more comprehensive, holistic approach to keeping our and Invesco clients, employees, and critical assets safe, upholding privacy rights, while enabling a secure and resilient business.
−Removed: Invesco’s information security program is led by its Chief Information Security Officer (CISO) who reports directly to the GCSO and has extensive experience in information security and risk management.
−Removed: Invesco’s information security program is designed to oversee all aspects of information security risk and seeks to ensure the confidentiality, integrity, and availability of information
−Removed: assets, including the implementation of controls aligned with industry guidelines and applicable statutes and regulations to identify threats, detect attacks and protect its and our information assets.
+Added: This converged security structure supports a more comprehensive, holistic approach to keeping the Trust’s and Invesco clients, employees, and critical assets safe, upholding privacy rights, while enabling a secure and resilient business.
+Added: Invesco’s information security program is led by its Chief Information Security Officer who reports directly to the GCSO and has extensive experience in information security and risk management.
+Added: Invesco’s information security program is designed to oversee all aspects of information security risk and seeks to ensure the confidentiality, integrity, and availability of information assets, including the implementation of controls aligned with industry guidelines and applicable statutes and regulations to identify threats, detect attacks and protect its and the Trust’s information assets.
The cybersecurity program includes the following:
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• Regular cyber phishing tests throughout the year to measure and raise employee awareness against cyber phishing threats.
−Removed: Important to these programs is Invesco’s investment in threat-intelligence, its active engagement in industry and government security-related forums, and its utilization of external experts to challenge its program maturity, assess its controls and routinely test its capabilities.
−Removed: Invesco’s Board of Directors oversees cybersecurity risk and receives updates at a minimum, of twice a year regarding cybersecurity, including risks and protections.
−Removed: The Global Operational Risk Management Committee, one of Invesco’s risk management committees, provides executive-level oversight and monitoring of the end-to-end programs dedicated to managing information security and cyber related risk.
−Removed: The members of this Committee include Invesco Ltd.’s Chief Administrative Officer, Chief Risk & Audit Officer, General Counsel, Chief Financial Officer, Chief Human Resources Officer, Global Head of Compliance, and Global Operational Risk Owners which includes the GCSO.
−Removed: The committee reports to Invesco’s Enterprise Risk Management Committee which provides updates to the Invesco Board to facilitate their oversight.
−Removed: Although risks from cyber threats have not materially affected the Trust’s business strategy, results of operations or financial condition, Invesco continues to closely monitor cyber risk.
+Added: Important to these programs is Invesco’s investment in threat-intelligence, its active engagement in industry and government security-related forums, and its utilization of external experts to challenge its program maturity, assess its controls and routinely test its capabilities.
+Added: Invesco’s Board of Directors oversees cybersecurity risk and receives updates at a minimum, of twice a year regarding cybersecurity, including risks and protections.
+Added: The Global Operational Risk Management Committee, one of Invesco’s risk management committees, provides executive-level oversight and monitoring of the end-to-end programs dedicated to managing information security and cyber related risk.
+Added: The members of this Committee include Invesco Ltd.’s Chief Administrative Officer, Chief Risk & Audit Officer, General Counsel, Chief Financial Officer, Chief Human Resources Officer, Global Head of Compliance, and Global Operational Risk Owners which includes the GCSO.
+Added: The committee reports to Invesco’s Enterprise Risk Management Committee which provides updates to the Invesco Board of Directors to facilitate their oversight.
+Added: Although risks from cyber threats have not materially affected the Trust’s business strategy, results of operations or financial condition, Invesco continues to closely monitor cyber risk.
In addition, security controls, no matter how well designed or implemented, may only mitigate and not fully eliminate risks.
−Removed: For more information regarding the risks we face from cybersecurity threats, please see Item 1A.
+Added: For more information regarding the risks the Trust faces from cybersecurity threats, please see Item 1A.
Risk Factors .
The Trust does not own or use physical properties in the conduct of its business.
−Removed: The Sponsor’s headquarters are located at 3500 Lacey Road, Suite 700, Downers Grove, Illinois 60515.
+Added: The Sponsor’s headquarters are located at 3500 Lacey Road, Suite 700, Downers Grove, Illinois 60515.
LEGAL PROCEEDINGS.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.