Invesco Files for Cavu Secs Class
Invesco filed a Form N1-A registration statement for its Short-Term Investment Trust (STIT) to launch new "CAVU Securities Classes" for its Invesco Liquid Assets Portfolio, Invesco Treasury Portfolio and Invesco Government & Agency Portfolio . The filing says, "This prospectus is to be used only by clients of CAVU Securities, LLC (CAVU). CAVU is a veteran and minority owned firm that measures the success of the firm not only based on financial performance, but also by the positive contributions it makes in giving back to the community, our country and those who have served our country. The CAVU Securities Class may not be purchased directly by individuals. In order to be a shareholder of the CAVU Securities Class, an individual generally needs to have a brokerage account with CAVU or its affiliates or another intermediary authorized by CAVU to offer the Fund's CAVU Securities Class." CAVU Securities' website says, "[It] is a privately-owned boutique broker-dealer focused on discreetly connecting sophisticated investors to hand-picked investment opportunities and asset management platforms. CAVU's team of seasoned professionals maintains an extensive network of trusted & active institutional and high-net-worth investors. We pride ourselves on knowing the areas of interest of our network and matching that with suitable investment opportunities. CAVU is a veteran and minority owned firm. We measure the success of the firm not only based on financial performance, but also by the positive contributions we make, as a team and as individuals, in giving back to the community, our country and especially those who have served our country." Once they go live, these share classes will join a growing list of veteran, minority and other "Impact" and affinity share classes. (For more, see these Crane Data News articles: "ESG and Social MMF Update: Mischler News, Green Deposits, Reg Debate (12/4/20), "Academy Launches Treasury MMFs (10/22/20), "Goldman Launches Social Class; Tiedemann Adds FICA; and CS Green ABCP (1/24/20); "Mischler Financial Joins "Impact" or Social Money Market Investing Wave (12/5/19); and, "Dreyfus Launches "Impact" or Diversity Government Money Market Fund (11/21/19).)
