CDV STAT SUP-1 022812
Supplement to Statutory Prospectus dated February 28, 2012
The purpose of this supplement is to provide you with changes to the current Statutory Prospectus
for Class A, B, C, R, Y and Investor Class Shares of the Fund listed below:
Invesco Capital Development Fund
Following a number of meetings in October and November 2011, the Board of Trustees of Invesco
Capital Development Fund (the Target Fund), a series portfolio of AIM Equity Funds (Invesco
Equity Funds), has unanimously approved an Agreement and Plan of Reorganization (the
Agreement) pursuant to which the Target Fund would transfer all of its assets and liabilities
to Invesco Van Kampen Mid Cap Growth Fund (the Acquiring Fund), a series portfolio of AIM
Sector Funds (Invesco Sector Funds), in exchange for shares of the Acquiring Fund that would be
distributed to Target Fund shareholders.
The Agreement requires approval by the Target Fund shareholders and will be submitted to the
shareholders for their consideration at a meeting to be held in or around April 2012. If the
Agreement is approved by shareholders of the Target Fund and certain conditions required by the
Agreement are satisfied, the reorganization is expected to be consummated shortly thereafter.
Upon closing of the reorganization, shareholders of the Target Fund will receive a
corresponding class of shares of the Acquiring Fund in exchange for their shares of the Target
Fund and the Target Fund will liquidate and cease operations.
A combined Proxy Statement/Prospectus will be sent to shareholders of the Target Fund to seek
their approval of the Agreement, which will include a full discussion of the reorganization and
the factors the Board of Trustees considered in approving the Agreement.
If shareholders approve the reorganization, it is anticipated that the Target Fund will close
to new investors as soon as practicable following shareholder approval through the consummation
of the reorganization to facilitate a smooth transition of the Target Fund shareholders to the
Acquiring Fund. The Acquiring Fund will remain open for purchase during this period.
All investors who are invested in the Target Fund as of the date on which the Target Fund
closed to new investors and remain invested in the Target Fund may continue to make additional
investments in their existing accounts and may open new accounts in their name.
CDV STAT SUP-1 022812
AEF SUP-2 022812
Supplement to Statutory Prospectus dated February 28, 2012
The purpose of this supplement is to provide you with changes to the current Statutory Prospectus
for Institutional Class Shares of the Funds listed below:
Invesco Capital Development Fund
Invesco Charter Fund
Invesco Constellation Fund
Invesco Diversified Dividend Fund
Invesco Summit Fund
Following a number of meetings in October and November 2011, the Board of Trustees of Invesco
Capital Development Fund (the Target Fund), a series portfolio of AIM Equity Funds (Invesco
Equity Funds), has unanimously approved an Agreement and Plan of Reorganization (the
Agreement) pursuant to which the Target Fund would transfer all of its assets and liabilities
to Invesco Van Kampen Mid Cap Growth Fund (the Acquiring Fund), a series portfolio of AIM
Sector Funds (Invesco Sector Funds), in exchange for shares of the Acquiring Fund that would be
distributed to Target Fund shareholders.
The Agreement requires approval by the Target Fund shareholders and will be submitted to the
shareholders for their consideration at a meeting to be held in or around April 2012. If the
Agreement is approved by shareholders of the Target Fund and certain conditions required by the
Agreement are satisfied, the reorganization is expected to be consummated shortly thereafter.
Upon closing of the reorganization, shareholders of the Target Fund will receive a
corresponding class of shares of the Acquiring Fund in exchange for their shares of the Target
Fund and the Target Fund will liquidate and cease operations.
A combined Proxy Statement/Prospectus will be sent to shareholders of the Target Fund to seek
their approval of the Agreement, which will include a full discussion of the reorganization and
the factors the Board of Trustees considered in approving the Agreement.
If shareholders approve the reorganization, it is anticipated that the Target Fund will close
to new investors as soon as practicable following shareholder approval through the consummation
of the reorganization to facilitate a smooth transition of the Target Fund shareholders to the
Acquiring Fund. The Acquiring Fund will remain open for purchase during this period.
All investors who are invested in the Target Fund as of the date on which the Target Fund
closed to new investors and remain invested in the Target Fund may continue to make additional
investments in their existing accounts and may open new accounts in their name.
AEF SUP-2 022812