0001193125-15-085053.txt : 20150310 0001193125-15-085053.hdr.sgml : 20150310 20150310143106 ACCESSION NUMBER: 0001193125-15-085053 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 20150310 DATE AS OF CHANGE: 20150310 EFFECTIVENESS DATE: 20150310 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIM EQUITY FUNDS (INVESCO EQUITY FUNDS) CENTRAL INDEX KEY: 0000105377 IRS NUMBER: 132576643 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 002-25469 FILM NUMBER: 15688408 BUSINESS ADDRESS: STREET 1: 11 GREENWAY PLZ STREET 2: STE 100 CITY: HOUSTON STATE: TX ZIP: 77046 BUSINESS PHONE: 7136261919 MAIL ADDRESS: STREET 1: 11 GREENWAY PLAZA STREET 2: SUITE 2500 CITY: HOUSTON STATE: TX ZIP: 77046 FORMER COMPANY: FORMER CONFORMED NAME: AIM EQUITY FUNDS DATE OF NAME CHANGE: 20000713 FORMER COMPANY: FORMER CONFORMED NAME: AIM EQUITY FUNDS INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: WEINGARTEN EQUITY FUND INC DATE OF NAME CHANGE: 19880929 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIM EQUITY FUNDS (INVESCO EQUITY FUNDS) CENTRAL INDEX KEY: 0000105377 IRS NUMBER: 132576643 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-01424 FILM NUMBER: 15688409 BUSINESS ADDRESS: STREET 1: 11 GREENWAY PLZ STREET 2: STE 100 CITY: HOUSTON STATE: TX ZIP: 77046 BUSINESS PHONE: 7136261919 MAIL ADDRESS: STREET 1: 11 GREENWAY PLAZA STREET 2: SUITE 2500 CITY: HOUSTON STATE: TX ZIP: 77046 FORMER COMPANY: FORMER CONFORMED NAME: AIM EQUITY FUNDS DATE OF NAME CHANGE: 20000713 FORMER COMPANY: FORMER CONFORMED NAME: AIM EQUITY FUNDS INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: WEINGARTEN EQUITY FUND INC DATE OF NAME CHANGE: 19880929 0000105377 S000000277 Invesco Charter Fund C000000677 Class A CHTRX C000000678 Class B BCHTX C000000679 Class C CHTCX C000000680 Class R CHRRX C000021943 CLASS R5 CHTVX C000069441 Class Y CHTYX C000081511 CLASS S CHRSX C000120713 Class R6 CHFTX 0000105377 S000000281 Invesco Diversified Dividend Fund C000000691 Class A LCEAX C000000692 Class B LCEDX C000000693 Class C LCEVX C000021945 CLASS R5 DDFIX C000029594 Class R DDFRX C000029595 Investor Class LCEIX C000069443 Class Y LCEYX C000120714 Class R6 LCEFX 0000105377 S000022173 INVESCO SUMMIT FUND C000063683 CLASS A ASMMX C000063684 CLASS B BSMMX C000063685 CLASS C CSMMX C000063686 CLASS P SMMIX C000069444 Class Y ASMYX C000069445 CLASS R5 SMITX C000081512 CLASS S SMMSX 485BPOS 1 d855625d485bpos.htm 485BPOS XBRL 485BPOS XBRL

As filed with the Securities and Exchange Commission on March 10, 2015

1933 Act Registration No. 002-25469

1940 Act Registration No. 811-01424

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM N-1A

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933 x
Pre-Effective Amendment No. ¨
Post-Effective Amendment No. 114 x

and/or

REGISTRATION STATEMENT

UNDER

THE INVESTMENT COMPANY ACT OF 1940

Amendment No. 114 x

(Check appropriate box or boxes.)

 

 

AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)

(Exact Name of Registrant as Specified in Charter)

 

 

11 Greenway Plaza, Suite 1000, Houston, TX 77046

(Address of Principal Executive Offices) (Zip Code)

Registrant’s Telephone Number, including Area Code (713) 626-1919

John M. Zerr, Esquire

11 Greenway Plaza, Suite 1000, Houston, TX 77046

(Name and Address of Agent for Service)

 

 

Copy to:

Peter Davidson, Esquire

Invesco Advisers, Inc.

11 Greenway Plaza, Suite 1000

Houston, TX 77046-1173

E. Carolan Berkley, Esquire

Stradley Ronon Stevens &Young, LLP

2005 Market Street, Suite 2600

Philadelphia, Pennsylvania 19103-7018

 

 

Approximate Date of Proposed Public Offering: As soon as practicable after this post-effective amendment becomes effective.

It is proposed that this filing will become effective (check appropriate box)

 

x immediately upon filing pursuant to paragraph (b)
¨ on February 27, 2015 pursuant to paragraph (b)
¨ 60 days after filing pursuant to paragraph (a)(1)
¨ on (date) pursuant to paragraph (a)(1)
¨ 75 days after filing pursuant to paragraph (a)(2)
¨ on (date) pursuant to paragraph (a)(2) of rule 485.

If appropriate, check the following box:

 

¨ This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

 

 

 


SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Amendment to its Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Houston, Texas on the 10th day of March, 2015.

 

 

Registrant:  

AIM EQUITY FUNDS

(INVESCO EQUITY FUNDS)

By:

 

/s/ Phillip A. Taylor

  Philip A. Taylor, President

Pursuant to the requirements of the Securities Act of 1933, this Amendment to the Registration Statement has been signed below by the following persons in the capacities and on the dates indicated:

 

SIGNATURES

  

TITLE

 

DATE

/s/ Phillip A. Taylor

   Trustee & President   March 10, 2015
(Philip A. Taylor)    (Principal Executive Officer)  

/s/ David C. Arch*

   Trustee   March 10, 2015
(David C. Arch)     

/s/ James T. Bunch*

   Trustee   March 10, 2015
(James T. Bunch)     

/s/ Bruce L. Crockett*

   Chair & Trustee   March 10, 2015
(Bruce L. Crockett)     

/s/ Rod Dammeyer*

   Trustee   March 10, 2015
(Rod Dammeyer)     

/s/ Albert R. Dowden*

   Trustee   March 10, 2015
(Albert R. Dowden)     

/s/ Martin L. Flanagan*

   Trustee   March 10, 2015
(Martin L. Flanagan)     

/s/ Jack M. Fields*

   Trustee   March 10, 2015
(Jack M. Fields)     

/s/ Prema Mathai-Davis*

   Trustee   March 10, 2015
(Prema Mathai-Davis)     

/s/ Larry Soll*

   Trustee   March 10, 2015
(Larry Soll)     

/s/ Hugo F. Sonnenschein*

   Trustee   March 10, 2015
(Hugo F. Sonnenschein)     

/s/ Raymond Stickel, Jr.*

   Trustee   March 10, 2015
(Raymond Stickel, Jr.)     


/s/ Suzanne H. Woolsey*

Trustee March 10, 2015
(Suzanne H. Woolsey)

/s/ Sheri Morris

Vice President & Treasurer March 10, 2015
(Sheri Morris) (Principal Financial and
Accounting Officer)

*By

/s/ Phillip A. Taylor

Philip A. Taylor
Attorney-in-Fact

 

* Philip A. Taylor, pursuant to powers of attorney filed in Registrant’s Post-Effective Amendment No. 103 on February 24, 2011.


Exhibit Index

 

XBRL Instance Document    Ex-101.ins
XBRL Taxonomy Extension Schema Document    Ex-101.sch
XBRL Taxonomy Extension Calculation Linkbase Document    Ex-101.cal
XBRL Taxonomy Extension Labels Linkbase    Ex-101.lab
XBRL Taxonomy Extension Presentation Linkbase Document    Ex-101.pre
XBRL Taxonomy Extension Definition Linkbase    Ex-101.def
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2014-02-28 2015-02-27 0000105377 aimef:S000000277Member aimef:ClassRAndRMember aimef:RussellTenHundredIndexMember 2014-02-28 2015-02-27 0000105377 aimef:S000000277Member aimef:ClassRAndRMember aimef:LipperLargeCapCoreFundsIndexMember 2014-02-28 2015-02-27 pure iso4217:USD 2015-02-27 485BPOS 2014-10-31 AIM EQUITY FUNDS (INVESCO EQUITY FUNDS) 0000105377 false 2015-02-25 2015-02-27 The portfolio management team seeks to construct a portfolio of issuers that have high or improving return on invested capital, quality management, a strong competitive position and which are trading at attractive valuations. The Fund invests primarily in equity securities. The principal type of equity securities in which the Fund invests is common stock. The Fund may invest in the securities of issuers of all capitalization sizes; however, a substantial number of the issuers in which the Fund invests are large-capitalization issuers.<br /><br />The Fund may invest up to 25% of its net assets in foreign securities, which includes foreign debt and foreign equity securities.<br /><br />The Fund employs a risk management strategy to help minimize loss of capital and reduce excessive volatility. Pursuant to this strategy, the Fund generally invests a substantial amount of its assets in cash and cash equivalents. As a result, the Fund may not achieve its investment objective.<br /><br />The Fund can invest in derivative instruments, including futures contracts and forward foreign currency contracts.<br /><br />The Fund can use futures contracts, including index futures, to gain exposure to the broad market by equitizing cash and as a hedge against downside risk.<br /><br />The Fund can use forward foreign currency contracts to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated.<br /><br />In selecting securities for the Fund, the portfolio managers conduct fundamental research of issuers to gain a thorough understanding of their business prospects, appreciation potential and return on invested capital. The process they use to identify potential investments for the Fund includes three phases: financial analysis, business analysis and valuation analysis. Financial analysis evaluates an issuer's capital allocation, and provides vital insight into historical and potential return on invested capital which is a key indicator of business quality and caliber of management. Business analysis allows the team to determine an issuer's competitive positioning by identifying key drivers of the issuer, understanding industry challenges and evaluating the sustainability of competitive advantages. Both the financial and business analyses serve as a basis to construct valuation models that help estimate an issuer's value. The portfolio managers use three primary valuation techniques: discounted cash flow, traditional valuation multiples and net asset value. At the conclusion of their research process, the portfolio managers will generally invest in an issuer when they have determined it potentially has high or improving return on invested capital, quality management, a strong competitive position and is trading at an attractive valuation.<br /><br />The portfolio managers consider selling a security when it exceeds the target price, has not shown a demonstrable improvement in fundamentals or a more compelling investment opportunity exists. As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are:<br /><br />Cash/Cash Equivalents Risk. Holding cash or cash equivalents may negatively affect performance.<br /><br />Debt Securities Risk. The Fund may invest in debt securities that are affected by changing interest rates and changes in their effective maturities and credit quality.<br /><br />Derivatives Risk. The value of a derivative instrument depends largely on (and is derived from) the value of an underlying security, currency, commodity, interest rate, index or other asset (each referred to as an underlying asset). In addition to risks relating to the underlying assets, the use of derivatives may include other, possibly greater, risks, including counterparty, leverage and liquidity risks. Counterparty risk is the risk that the counterparty to the derivative contract will default on its obligation to pay the Fund the amount owed or otherwise perform under the derivative contract. Derivatives create leverage risk because they do not require payment up front equal to the economic exposure created by owning the derivative. As a result, an adverse change in the value of the underlying asset could result in the Fund sustaining a loss that is substantially greater than the amount invested in the derivative, which may make the Fund's returns more volatile and increase the risk of loss. Derivative instruments may also be less liquid than more traditional investments and the Fund may be unable to sell or close out its derivative positions at a desirable time or price. This risk may be more acute under adverse market conditions, during which the Fund may be most in need of liquidating its derivative positions. Derivatives may also be harder to value, less tax efficient and subject to changing government regulation that could impact the Fund's ability to use certain derivatives or their cost. Also, derivatives used for hedging or to gain or limit exposure to a particular market segment may not provide the expected benefits, particularly during adverse market conditions.<br /><br />Foreign Securities Risk. The Fund's foreign investments may be affected by changes in a foreign country's exchange rates, political and social instability, changes in economic or taxation policies, difficulties when enforcing obligations, decreased liquidity, and increased volatility. Foreign companies may be subject to less regulation resulting in less publicly available information about the companies.<br /><br />Management Risk. The investment techniques and risk analysis used by the Fund's portfolio managers may not produce the desired results.<br /><br />Market Risk. The prices of and the income generated by the Fund's securities may decline in response to, among other things, investor sentiment, general economic and market conditions, regional or global instability, and currency and interest rate fluctuations.<br /><br />Small- and Mid-Capitalization Risks. Stocks of small- and mid-sized companies tend to be more vulnerable to adverse developments and may have little or no operating history or track record of success, and limited product lines, markets, management and financial resources. The securities of small- and mid-sized companies may be more volatile due to less market interest and less publicly available information about the issuer. They also may be illiquid or restricted as to resale, or may trade less frequently and in smaller volumes, all of which may cause difficulty when establishing or closing a position at a desirable price. The Fund invests primarily in equity securities of issuers of all market capitalizations. The principal type of equity securities in which the Fund invests is common stock.<br /><br />The Fund does not invest in companies whose primary business involves alcohol, tobacco or gambling. The Fund invests primarily in securities that are considered by the Fund's portfolio managers to have potential for earnings or revenue growth.<br /><br />The Fund may invest up to 25% of its net assets in foreign securities.<br /><br />The Fund's investment adviser, Invesco Advisers, Inc. (Invesco or the Adviser), focuses on securities of issuers exhibiting long-term, sustainable earnings and cash flow growth that is not yet reflected in investor expectations or equity valuations. To narrow the investment universe, the Adviser uses a holistic approach that emphasizes fundamental research and, to a lesser extent, includes quantitative analysis.<br /><br />The Adviser closely examines company fundamentals, including detailed modeling of all of a company's financial statements and discussions with company management teams, suppliers, distributors, competitors and customers. The Adviser uses a variety of valuation techniques based on the company in question, the industry in which the company operates, the stage of the business cycle, and other factors that best reflect a company's value. The Adviser seeks to invest in companies with strong or improving fundamentals, attractive valuation relative to their growth prospects, and earning expectations that appear fair to conservative.<br /><br />The Adviser attempts to limit risk by broadly diversifying the portfolio.<br /><br />The Adviser considers selling a security when a company hits the price target, if fundamental business prospects deteriorate, or the catalysts for growth are no longer present or reflected in the stock price. As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are:<br /><br />Foreign Securities Risk. The Fund's foreign investments may be affected by changes in a foreign country's exchange rates, political and social instability, changes in economic or taxation policies, difficulties when enforcing obligations, decreased liquidity, and increased volatility. Foreign companies may be subject to less regulation resulting in less publicly available information about the companies.<br /><br />Growth Investing Risk. Growth stocks tend to be more expensive relative to their earnings or assets compared with other types of stock. As a result they tend to be more sensitive to changes in their earnings and can be more volatile.<br /><br />Management Risk. The investment techniques and risk analysis used by the Fund's portfolio managers may not produce the desired results.<br /><br />Market Risk. The prices of and the income generated by the Fund's securities may decline in response to, among other things, investor sentiment, general economic and market conditions, regional or global instability, and currency and interest rate fluctuations.<br /><br />Small- and Mid-Capitalization Risks. Stocks of small- and mid-sized companies tend to be more vulnerable to adverse developments and may have little or no operating history or track record of success, and limited product lines, markets, management and financial resources. The securities of small- and mid-sized companies may be more volatile due to less market interest and less publicly available information about the issuer. They also may be illiquid or restricted as to resale, or may trade less frequently and in smaller volumes, all of which may cause difficulty when establishing or closing a position at a desirable price. <b>Fund Summary </b> The Fund invests primarily in equity securities of issuers of all market capitalizations. The principal type of equity securities in which the Fund invests is common stock.<br /><br />The Fund does not invest in companies whose primary business involves alcohol, tobacco or gambling. The Fund invests primarily in securities that are considered by the Fund's portfolio managers to have potential for earnings or revenue growth.<br /><br />The Fund may invest up to 25% of its net assets in foreign securities.<br /><br />The Fund's investment adviser, Invesco Advisers, Inc. (Invesco or the Adviser), focuses on securities of issuers exhibiting long-term, sustainable earnings and cash flow growth that is not yet reflected in investor expectations or equity valuations. To narrow the investment universe, the Adviser uses a holistic approach that emphasizes fundamental research and, to a lesser extent, includes quantitative analysis.<br /><br />The Adviser closely examines company fundamentals, including detailed modeling of all of a company's financial statements and discussions with company management teams, suppliers, distributors, competitors and customers. The Adviser uses a variety of valuation techniques based on the company in question, the industry in which the company operates, the stage of the business cycle, and other factors that best reflect a company's value. The Adviser seeks to invest in companies with strong or improving fundamentals, attractive valuation relative to their growth prospects, and earning expectations that appear fair to conservative.<br /><br />The Adviser attempts to limit risk by broadly diversifying the portfolio.<br /><br />The Adviser considers selling a security when a company hits the price target, if fundamental business prospects deteriorate, or the catalysts for growth are no longer present or reflected in the stock price. As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are:<br /><br />Foreign Securities Risk. The Fund's foreign investments may be affected by changes in a foreign country's exchange rates, political and social instability, changes in economic or taxation policies, difficulties when enforcing obligations, decreased liquidity, and increased volatility. Foreign companies may be subject to less regulation resulting in less publicly available information about the companies.<br /><br />Growth Investing Risk. Growth stocks tend to be more expensive relative to their earnings or assets compared with other types of stock. As a result they tend to be more sensitive to changes in their earnings and can be more volatile.<br /><br />Management Risk. The investment techniques and risk analysis used by the Fund's portfolio managers may not produce the desired results.<br /><br />Market Risk. The prices of and the income generated by the Fund's securities may decline in response to, among other things, investor sentiment, general economic and market conditions, regional or global instability, and currency and interest rate fluctuations.<br /><br />Small- and Mid-Capitalization Risks. Stocks of small- and mid-sized companies tend to be more vulnerable to adverse developments and may have little or no operating history or track record of success, and limited product lines, markets, management and financial resources. The securities of small- and mid-sized companies may be more volatile due to less market interest and less publicly available information about the issuer. They also may be illiquid or restricted as to resale, or may trade less frequently and in smaller volumes, all of which may cause difficulty when establishing or closing a position at a desirable price. The Fund invests primarily in dividend-paying equity securities. The principal type of equity security in which the Fund invests is common stock.<br /><br />The Fund invests in securities that the portfolio managers believe are undervalued based on various valuation measures.<br /><br />The Fund may invest up to 25% of its net assets in securities of foreign issuers.<br /><br />In selecting investments, the portfolio managers seek to identify dividend-paying issuers with strong profitability, solid balance sheets and capital allocation policies that support sustained or increasing dividends and share repurchases. Through fundamental research, financial statement analysis and the use of several valuation techniques, the management team estimates a target price for each security over a 2-3 year investment horizon. The portfolio managers manage risk utilizing a valuation framework, careful stock selection and a rigorous buy-and-sell discipline and incorporate an assessment of the potential reward relative to the downside risk to determine a fair valuation over the investment horizon. When evaluating cyclical businesses, the management team seeks companies that have normalized earnings power greater than that implied by their current market valuation and that return capital to shareholders via dividends and share repurchases. The portfolio managers then construct a portfolio they believe provides the best total return profile, which is created by seeking a combination of price appreciation potential, dividend income and capital preservation.<br /><br />The portfolio managers maintain a rigorous sell discipline and consider selling or trimming a position in a stock when it no longer materially meets our investment criteria, including when (1) a stock reaches its fair valuation (target price); (2) a company's fundamental business prospects deteriorate; or (3) a more attractive investment opportunity presents itself. As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are:<br /><br />Foreign Securities Risk. The Fund's foreign investments may be affected by changes in a foreign country's exchange rates, political and social instability, changes in economic or taxation policies, difficulties when enforcing obligations, decreased liquidity, and increased volatility. Foreign companies may be subject to less regulation resulting in less publicly available information about the companies.<br /><br />Management Risk. The investment techniques and risk analysis used by the Fund's portfolio managers may not produce the desired results.<br /><br />Market Risk. The prices of and the income generated by the Fund's securities may decline in response to, among other things, investor sentiment, general economic and market conditions, regional or global instability, and currency and interest rate fluctuations.<br /><br />Value Investing Style Risk. The Fund emphasizes a value style of investing, which focuses on undervalued companies with characteristics for improved valuations. This style of investing is subject to the risk that the valuations never improve or that the returns on value equity securities are less than returns on other styles of investing or the overall stock market. Value stocks also may decline in price, even though in theory they are already underpriced. <b>Investment Objective(s) </b> The Fund&#8217;s investment objective is long-term growth of capital. <b>Fees and Expenses of the Fund </b> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.<br /><br />You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Invesco Funds. More information about these and other discounts is available from your financial professional and in the section &#8220;Shareholder Account Information-Initial Sales Charges (Class A Shares Only)&#8221; on page A-3 of the prospectus and the section &#8220;Purchase, Redemption and Pricing of Shares-Purchase and Redemption of Shares&#8221; on page L-1 of the statement of additional information (SAI). <b>Shareholder Fees</b> (fees paid directly from your investment) The portfolio management team seeks to construct a portfolio of issuers that have high or improving return on invested capital, quality management, a strong competitive position and which are trading at attractive valuations. The Fund invests primarily in equity securities. The principal type of equity securities in which the Fund invests is common stock. The Fund may invest in the securities of issuers of all capitalization sizes; however, a substantial number of the issuers in which the Fund invests are large-capitalization issuers.<br /><br />The Fund may invest up to 25% of its net assets in foreign securities, which includes foreign debt and foreign equity securities.<br /><br />The Fund employs a risk management strategy to help minimize loss of capital and reduce excessive volatility. Pursuant to this strategy, the Fund generally invests a substantial amount of its assets in cash and cash equivalents. As a result, the Fund may not achieve its investment objective.<br /><br />The Fund can invest in derivative instruments, including futures contracts and forward foreign currency contracts.<br /><br />The Fund can use futures contracts, including index futures, to gain exposure to the broad market by equitizing cash and as a hedge against downside risk.<br /><br />The Fund can use forward foreign currency contracts to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated.<br /><br />In selecting securities for the Fund, the portfolio managers conduct fundamental research of issuers to gain a thorough understanding of their business prospects, appreciation potential and return on invested capital. The process they use to identify potential investments for the Fund includes three phases: financial analysis, business analysis and valuation analysis. Financial analysis evaluates an issuer's capital allocation, and provides vital insight into historical and potential return on invested capital which is a key indicator of business quality and caliber of management. Business analysis allows the team to determine an issuer's competitive positioning by identifying key drivers of the issuer, understanding industry challenges and evaluating the sustainability of competitive advantages. Both the financial and business analyses serve as a basis to construct valuation models that help estimate an issuer's value. The portfolio managers use three primary valuation techniques: discounted cash flow, traditional valuation multiples and net asset value. At the conclusion of their research process, the portfolio managers will generally invest in an issuer when they have determined it potentially has high or improving return on invested capital, quality management, a strong competitive position and is trading at an attractive valuation.<br /><br />The portfolio managers consider selling a security when it exceeds the target price, has not shown a demonstrable improvement in fundamentals or a more compelling investment opportunity exists. As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are:<br /><br />Cash/Cash Equivalents Risk. Holding cash or cash equivalents may negatively affect performance.<br /><br />Debt Securities Risk. The Fund may invest in debt securities that are affected by changing interest rates and changes in their effective maturities and credit quality.<br /><br />Derivatives Risk. The value of a derivative instrument depends largely on (and is derived from) the value of an underlying security, currency, commodity, interest rate, index or other asset (each referred to as an underlying asset). In addition to risks relating to the underlying assets, the use of derivatives may include other, possibly greater, risks, including counterparty, leverage and liquidity risks. Counterparty risk is the risk that the counterparty to the derivative contract will default on its obligation to pay the Fund the amount owed or otherwise perform under the derivative contract. Derivatives create leverage risk because they do not require payment up front equal to the economic exposure created by owning the derivative. As a result, an adverse change in the value of the underlying asset could result in the Fund sustaining a loss that is substantially greater than the amount invested in the derivative, which may make the Fund's returns more volatile and increase the risk of loss. Derivative instruments may also be less liquid than more traditional investments and the Fund may be unable to sell or close out its derivative positions at a desirable time or price. This risk may be more acute under adverse market conditions, during which the Fund may be most in need of liquidating its derivative positions. Derivatives may also be harder to value, less tax efficient and subject to changing government regulation that could impact the Fund's ability to use certain derivatives or their cost. Also, derivatives used for hedging or to gain or limit exposure to a particular market segment may not provide the expected benefits, particularly during adverse market conditions.<br /><br />Foreign Securities Risk. The Fund's foreign investments may be affected by changes in a foreign country's exchange rates, political and social instability, changes in economic or taxation policies, difficulties when enforcing obligations, decreased liquidity, and increased volatility. Foreign companies may be subject to less regulation resulting in less publicly available information about the companies.<br /><br />Management Risk. The investment techniques and risk analysis used by the Fund's portfolio managers may not produce the desired results.<br /><br />Market Risk. The prices of and the income generated by the Fund's securities may decline in response to, among other things, investor sentiment, general economic and market conditions, regional or global instability, and currency and interest rate fluctuations.<br /><br />Small- and Mid-Capitalization Risks. Stocks of small- and mid-sized companies tend to be more vulnerable to adverse developments and may have little or no operating history or track record of success, and limited product lines, markets, management and financial resources. The securities of small- and mid-sized companies may be more volatile due to less market interest and less publicly available information about the issuer. They also may be illiquid or restricted as to resale, or may trade less frequently and in smaller volumes, all of which may cause difficulty when establishing or closing a position at a desirable price. <b>Fund Summaries - INVESCO SUMMIT FUND</b> <b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) <b>Investment Objective(s)</b> The Fund's investment objective is long-term growth of capital. <b>Fees and Expenses of the Fund</b> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. <b>Shareholder Fees</b> (fees paid directly from your investment) 0.055 0 0 0 0 <b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) 0 0.05 0.01 0 0 <b>Example.</b> This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.<br /><br />The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.<br /><br />Although your actual costs may be higher or lower, based on these assumptions, your costs would be: <b>Portfolio Turnover.</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 52% of the average value of its portfolio. <b>Principal Investment Strategies of the Fund</b> <b>Fund Summaries </b> - <b>INVESCO CHARTER FUND</b> 0.006 0.006 0.006 0.006 0.006 0.0025 0.01 0.01 0.005 0 0.0022 0.0022 0.0022 0.0022 0.0022 <b>Principal Risks of Investing in the Fund</b> 0.0002 0.0002 0.0002 0.0002 0.0002 0.0109 0.0184 0.0184 0.0134 0.0084 -0.0002 -0.0002 -0.0002 -0.0002 -0.0002 0.0107 0.0182 0.0182 0.0132 0.0082 <b>Investment Objective(s) </b> <b>Performance Information</b> The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund's performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. For more information on the benchmarks used, see the &#8220;Benchmark Descriptions&#8221; section in the prospectus. The Fund's past performance (before and after taxes) is not necessarily an indication of its future performance. Updated performance information is available on the Fund's Web site at www.invesco.com/us. <b>Annual Total Returns</b> Best Quarter (ended March 31, 2012): 16.58%<br />Worst Quarter (ended September 30, 2011): -16.76% <b>Fund Summary </b> <b>Average Annual Total Returns</b> (for the periods ended December 31, 2014) <b>Investment Objective(s) </b> The Fund&#8217;s investment objective is long-term growth of capital and, The Fund&#8217;s investment objective is long-term growth of capital. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for Class S shares only and after-tax returns for other classes will vary. <b>Fees and Expenses of the Fund </b> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. <b>Fees and Expenses of the Fund </b> <b>Shareholder Fees</b> (fees paid directly from your investment) This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.<br /><br />You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Invesco Funds. More information about these and other discounts is available from your financial professional and in the section &#8220;Shareholder Account Information-Initial Sales Charges (Class A Shares Only)&#8221; on page A-3 of the prospectus and the section &#8220;Purchase, Redemption and Pricing of Shares-Purchase and Redemption of Shares&#8221; on page L-1 of the statement of additional information (SAI). <b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <br /><br />The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain equal to the Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement in the first year and the Total Annual Fund Operating Expenses thereafter.<br /><br />Although your actual costs may be higher or lower, based on these assumptions, your costs would be: <b>Shareholder Fees</b> (fees paid directly from your investment) 0.055 0 0 0 0 <b>Example. </b> <b>Annual Fund Operating Expenses </b> (expenses that you pay each year as a percentage of the value of your investment) The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 23% of the average value of its portfolio. <b>Portfolio Turnover.</b> <b>Principal Investment Strategies of the Fund </b> <b>Principal Risks of Investing in the Fund </b> 0 0 653 685 285 134 84 876 877 577 423 266 <b>Performance Information </b> 1116 1194 994 732 464 The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund's performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. For more information on the benchmarks used, see the &#8220;Benchmark Descriptions&#8221; section in the prospectus. The Fund's past performance (before and after taxes) is not necessarily an indication of its future performance. Updated performance information is available on the Fund's Web site at www.invesco.com/us. 1804 1960 2157 1611 1035 <b>Annual Total Returns </b> Best Quarter (ended March 31, 2012): 10.59%<br />Worst Quarter (ended September 30, 2011): -13.58% <b>Average Annual Total Returns</b> (for the periods ended December 31, 2014) After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for Class S shares only and after-tax returns for other classes will vary. 0.0064 0.0015 0.0016 0.0095 653 185 185 134 84 876 577 577 423 266 1116 994 994 732 464 1804 1960 2157 1611 1035 97 303 525 1166 <b>Example.</b> 0.0493 0.1627 0.0841 -0.2846 0.3018 0.081 -0.0011 0.1307 0.2834 0.0774 0 0.05 0.01 0 0 0.0182 -0.0073 0.0306 0.0214 0.06 0.0748 0.0805 0.1369 0.1324 0.1133 0.098 0.089 0.0774 0.0995 0.1021 0.1078 0.1133 0.1545 0.1564 0.1382 0.0698 0.0647 0.0565 0.0696 0.068 0.0733 0.0777 0.0767 0.0796 0.0701 1968-11-26 1968-11-26 1968-11-26 1995-06-26 1997-08-04 2002-06-03 2008-10-03 0.0064 0.0064 0.0064 0.0064 0.0064 0.0025 0.01 0 0.01 0.001 0.0016 0.0016 0.0016 0.0016 0.0016 0.0105 0.018 0.018 0.009 0.008 <b>Fund Summary </b> 0.1451 -0.0462 0.1549 0.3783 0.0906 0.0906 0.0563 0.0783 0.1369 0.1305 0.1108 0.1365 0.1278 0.1092 0.1545 0.1581 0.1522 0.0767 0.0849 0.0814 This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.<br /><br />The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain equal to the Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement in the first year and the Total Annual Fund Operating Expenses thereafter.<br /><br />Although your actual costs may be higher or lower, based on these assumptions, your costs would be: 0.0731 0.0668 0.0587 You would pay the following expenses if you did not redeem your shares: <b>Investment Objective(s) </b> 2009-09-25 2009-09-25 2009-09-25 2005-10-31 2005-10-31 2005-10-31 The Fund&#8217;s investment objective is long-term growth of capital. <b>Fees and Expenses of the Fund </b> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.<br /><br />You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Invesco Funds. More information about these and other discounts is available from your financial professional and in the section &#8220;Shareholder Account Information-Initial Sales Charges (Class A Shares Only)&#8221; on page A-3 of the prospectus and the section &#8220;Purchase, Redemption and Pricing of Shares-Purchase and Redemption of Shares&#8221; on page L-1 of the statement of additional information (SAI). <b>Shareholder Fees</b> (fees paid directly from your investment) <b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) <b>Portfolio Turnover.</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 6% of the average value of its portfolio. <b>Example. </b> The Fund invests primarily in dividend-paying equity securities. The principal type of equity security in which the Fund invests is common stock. <br /><br />The Fund invests in securities that the portfolio managers believe are undervalued based on various valuation measures. <br /><br />The Fund may invest up to 25% of its net assets in securities of foreign issuers. <br /><br />In selecting investments, the portfolio managers seek to identify dividend-paying issuers with strong profitability, solid balance sheets and capital allocation policies that support sustained or increasing dividends and share repurchases. Through fundamental research, financial statement analysis and the use of several valuation techniques, the management team estimates a target price for each security over a 2-3&#160;year investment horizon. The portfolio managers manage risk utilizing a valuation framework, careful stock selection and a rigorous buy-and-sell discipline and incorporate an assessment of the potential reward relative to the downside risk to determine a fair valuation over the investment horizon. When evaluating cyclical businesses, the management team seeks companies that have normalized earnings power greater than that implied by their current market valuation and that return capital to shareholders via dividends and share repurchases. The portfolio managers then construct a portfolio they believe provides the best total return profile, which is created by seeking a combination of price appreciation potential, dividend income and capital preservation. <br /><br />The portfolio managers maintain a rigorous sell discipline and consider selling or trimming a position in a stock when it no longer materially meets our investment criteria, including when (1)&#160;a stock reaches its fair valuation (target price); (2)&#160;a company&#8217;s fundamental business prospects deteriorate; or (3)&#160;a more attractive investment opportunity presents itself. As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are: <br /><br />Foreign Securities Risk. The Fund&#8217;s foreign investments may be affected by changes in a foreign country&#8217;s exchange rates, political and social instability, changes in economic or taxation policies, difficulties when enforcing obligations, decreased liquidity, and increased volatility. Foreign companies may be subject to less regulation resulting in less publicly available information about the companies. <br /><br />Management Risk. The investment techniques and risk analysis used by the Fund&#8217;s portfolio managers may not produce the desired results. <br /><br />Market Risk. The prices of and the income generated by the Fund&#8217;s securities may decline in response to, among other things, investor sentiment, general economic and market conditions, regional or global instability, and currency and interest rate fluctuations. <br /><br />Value Investing Style Risk. The Fund emphasizes a value style of investing, which focuses on undervalued companies with characteristics for improved valuations. This style of investing is subject to the risk that the valuations never improve or that the returns on value equity securities are less than returns on other styles of investing or the overall stock market. Value stocks also may decline in price, even though in theory they are already underpriced. <b>Principal Investment Strategies of the Fund </b> 651 683 283 92 82 This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <br /><br />The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.<br /><br />Although your actual costs may be higher or lower, based on these assumptions, your costs would be: 866 866 566 287 255 The Fund invests primarily in equity securities of issuers of all market capitalizations. The principal type of equity securities in which the Fund invests is common stock. <br /><br />The Fund does not invest in companies whose primary business involves alcohol, tobacco or gambling. The Fund invests primarily in securities that are considered by the Fund&#8217;s portfolio managers to have potential for earnings or revenue growth. <br /><br />The Fund may invest up to 25% of its net assets in foreign securities. <br /><br />The Fund&#8217;s investment adviser, Invesco Advisers, Inc. (Invesco or the Adviser), focuses on securities of issuers exhibiting long-term, sustainable earnings and cash flow growth that is not yet reflected in investor expectations or equity valuations. To narrow the investment universe, the Adviser uses a holistic approach that emphasizes fundamental research and, to a lesser extent, includes quantitative analysis. <br /><br />The Adviser closely examines company fundamentals, including detailed modeling of all of a company&#8217;s financial statements and discussions with company management teams, suppliers, distributors, competitors and customers. The Adviser uses a variety of valuation techniques based on the company in question, the industry in which the company operates, the stage of the business cycle, and other factors that best reflect a company&#8217;s value. The Adviser seeks to invest in companies with strong or improving fundamentals, attractive valuation relative to their growth prospects, and earning expectations that appear fair to conservative. <br /><br />The Adviser attempts to limit risk by broadly diversifying the portfolio. <br /><br />The Adviser considers selling a security when a company hits the price target, if fundamental business prospects deteriorate, or the catalysts for growth are no longer present or reflected in the stock price. As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are: <br /><br />Foreign Securities Risk. The Fund&#8217;s foreign investments may be affected by changes in a foreign country&#8217;s exchange rates, political and social instability, changes in economic or taxation policies, difficulties when enforcing obligations, decreased liquidity, and increased volatility. Foreign companies may be subject to less regulation resulting in less publicly available information about the companies. <br /><br />Growth Investing Risk. Growth stocks tend to be more expensive relative to their earnings or assets compared with other types of stock. As a result they tend to be more sensitive to changes in their earnings and can be more volatile. <br /><br />Management Risk. The investment techniques and risk analysis used by the Fund&#8217;s portfolio managers may not produce the desired results. <br /><br />Market Risk. The prices of and the income generated by the Fund&#8217;s securities may decline in response to, among other things, investor sentiment, general economic and market conditions, regional or global instability, and currency and interest rate fluctuations. <br /><br />Small- and Mid-Capitalization Risks. Stocks of small- and mid-sized companies tend to be more vulnerable to adverse developments and may have little or no operating history or track record of success, and limited product lines, markets, management and financial resources. The securities of small- and mid-sized companies may be more volatile due to less market interest and less publicly available information about the issuer. They also may be illiquid or restricted as to resale, or may trade less frequently and in smaller volumes, all of which may cause difficulty when establishing or closing a position at a desirable price. 1098 1175 975 498 444 1762 1919 2116 1108 990 You would pay the following expenses if you did not redeem your shares: 651 183 183 82 92 866 566 566 287 255 <b>Portfolio Turnover. </b> 1098 975 975 498 444 1762 1919 2116 1108 990 The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 52% of the average value of its portfolio. 0 0 <b>Principal Risks of Investing in the Fund </b> 0.006 0.0015 0.0022 0.0002 0.0099 -0.0002 0.0097 <b>Principal Investment Strategies of the Fund </b> <b>Fund Summaries - INVESCO SUMMIT FUND</b> <b> Fund Summaries - INVESCO DIVERSIFIED DIVIDEND FUND </b> <b>Investment Objective(s) </b> The Fund&#8217;s investment objective is long-term growth of capital. <b>Principal Risks of Investing in the Fund </b> <b>Performance Information </b> <b>Example. </b> This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <br /><br />The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain equal to the Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement in the first year and the Total Annual Fund Operating Expenses thereafter.<br /><br />Although your actual costs may be higher or lower, based on these assumptions, your costs would be: <b>Investment Objective(s) </b> 0.1147 The Fund&#8217;s investment objective is long-term growth of capital and, The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund's performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. For more information on the benchmarks used see the &#8220;Benchmark Descriptions&#8221; section in the prospectus. The Fund's past performance (before and after taxes) is not necessarily an indication of its future performance. Updated performance information is available on the Fund's Web site at www.invesco.com/us. <b>Performance Information </b> 0.0803 0.1744 -0.3728 0.2027 The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund&#8217;s performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. For more information on the benchmarks used, see the &#8220;Benchmark Descriptions&#8221; section in the prospectus. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of its future performance. Updated performance information is available on the Fund&#8217;s Web site at www.invesco.com/us. 0.1459 <b>Fees and Expenses of the Fund </b> -0.045 <b>Portfolio Turnover. </b> <b>Annual Total Returns </b> 99 0.1546 313 The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 23% of the average value of its portfolio. 545 0.3789 This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. 1211 This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. 0.0913 <b>Shareholder Fees</b> (fees paid directly from your investment) <b>Shareholder Fees</b> (fees paid directly from your investment) <b>Principal Investment Strategies of the Fund </b> <b>Annual Total Returns </b> 0.52 Best Quarter (ended March 31, 2012): 16.50%<br />Worst Quarter (ended December 31, 2008): -21.12% As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund's performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. www.invesco.com/us 0.0823 0.0004 The Fund's past performance (before and after taxes) is not necessarily an indication of its future performance. 0.1324 0.2839 Best Quarter (ended June 30, 2009): 17.60%<br />Worst Quarter (ended December 31, 2008): -19.87% 0.0785 After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. 0.0913 0.0572 0.0786 0.0298 0.0344 0.072 0.0924 0.1369 0.1305 0.1108 Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for Class S shares only and after-tax returns for other classes will vary. 0 0 0.1371 0.1284 0.1098 0.1225 0.1246 0.1268 0.1383 0.1545 0.1581 0.1522 <b>Average Annual Total Returns</b> (for the periods ended December 31, 2014) 0 0 0.0733 0.0674 0.0591 0.0767 0.0849 0.0814 0 0.0658 0.0656 0.0643 0.0743 0.0785 0.0512 0.0661 0.1369 0.1324 0.1133 <b>Principal Risks of Investing in the Fund </b> Best Quarter After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for Class P shares only and after-tax returns for other classes will vary. 0 2012-03-31 <b>Average Annual Total Returns</b> (for the periods ended December 31, 2014) 1982-11-01 1982-11-01 1982-11-01 2005-10-31 2005-10-31 2005-10-31 2008-10-03 0.1658 Worst Quarter 2011-09-30 -0.1676 0.1382 After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for Class A shares only and after-tax returns for other classes will vary. 0.0064 0.1117 0.1024 0.0887 0.1545 0.1564 0 0.0005 0.0765 0.0712 0.0621 0.0767 0.0796 0.0701 0.0069 <b>Performance Information </b> <b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund's performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. For more information on the benchmarks used see the &#8220;Benchmark Descriptions&#8221; section in the prospectus. The Fund's past performance (before and after taxes) is not necessarily an indication of its future performance. Updated performance information is available on the Fund's Web site at www.invesco.com/us. This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.<br /><br />The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.<br/><br/> Although your actual costs may be higher or lower, based on these assumptions, your costs would be: 0.0042 0.0042 0 0 0.0013 0.0003 0.0001 0.0001 <b>Example.</b> 0.0056 0.0046 -0.0001 -0.0001 0.0055 0.0045 <b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) <div style="display:none">~ http://www.invesco.com/role/ScheduleShareholderFeesInvescoDiversifiedDividendFund column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualFundOperatingExpensesInvescoDiversifiedDividendFund column period compact * ~</div> 70 221 384 859 The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 52% of the average value of its portfolio. <div style="display:none">~ http://www.invesco.com/role/ScheduleExpenseExampleTransposedInvescoDiversifiedDividendFund column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleShareholderFeesINVESCOSUMMITFUND column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleExpenseExampleNoRedemptionTransposedInvescoDiversifiedDividendFund column period compact * ~</div> <b>Annual Total Returns </b> <b>Portfolio Turnover.</b> This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.<br /><br />The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain equal to the Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement in the first year and the Total Annual Fund Operating Expenses thereafter.<br /><br />Although your actual costs may be higher or lower, based on these assumptions, your costs would be: <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualFundOperatingExpensesINVESCOSUMMITFUND column period compact * ~</div> Best Quarter (ended June 30, 2009): 16.50%<br /> Worst Quarter (ended December 31, 2008): -19.51% <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualTotalReturnsInvescoDiversifiedDividendFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleAverageAnnualTotalReturnsTransposedInvescoDiversifiedDividendFund column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleExpenseExampleTransposedINVESCOSUMMITFUND column period compact * ~</div> <b>Average Annual Total Returns</b> (for the periods ended December 31, 2014) After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for Class A shares only and after-tax returns for other classes will vary. <div style="display:none">~ http://www.invesco.com/role/ScheduleExpenseExampleNoRedemptionTransposedINVESCOSUMMITFUND column period compact * ~</div> June 30, 2016 <b>Principal Investment Strategies of the Fund </b> 0.06 <b>Example. </b> <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualTotalReturnsINVESCOSUMMITFUNDBarChart column period compact * ~</div> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 6% of the average value of its portfolio. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Invesco Funds. More information about these and other discounts is available from your financial professional and in the section &#8220;Shareholder Account Information-Initial Sales Charges (Class A Shares Only)&#8221; on page A-3 of the prospectus and the section &#8220;Purchase, Redemption and Pricing of Shares-Purchase and Redemption of Shares&#8221; on page L-1 of the statement of additional information (SAI). <b>Portfolio Turnover.</b> 50000 <div style="display:none">~ http://www.invesco.com/role/ScheduleAverageAnnualTotalReturnsTransposedINVESCOSUMMITFUND column period compact * ~</div> <b>Principal Investment Strategies of the Fund </b> As with any mutual fund investment, loss of money is a risk of investing. <b>Principal Risks of Investing in the Fund </b> An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund's performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. <b>Principal Risks of Investing in the Fund </b> June 30, 2016 www.invesco.com/us 2009-09-25 2009-09-25 2009-09-25 The Fund's past performance (before and after taxes) is not necessarily an indication of its future performance. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Invesco Funds. More information about these and other discounts is available from your financial professional and in the section &#8220;Shareholder Account Information-Initial Sales Charges (Class A Shares Only)&#8221; on page A-3 of the prospectus and the section &#8220;Purchase, Redemption and Pricing of Shares-Purchase and Redemption of Shares&#8221; on page L-1 of the statement of additional information (SAI). 50000 0.23 You would pay the following expenses if you did not redeem your shares: The bar chart does not reflect sales loads. If it did, the annual total returns shown would be lower. <b>Performance Information </b> The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund's performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. For more information on the benchmarks used see the &#8220;Benchmark Descriptions&#8221; section in the prospectus. The Fund's past performance (before and after taxes) is not necessarily an indication of its future performance. Updated performance information is available on the Fund's Web site at www.invesco.com/us. <b>Performance Information </b> The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund's performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. For more information on the benchmarks used see the &#8220;Benchmark Descriptions&#8221; section in the prospectus. The Fund's past performance (before and after taxes) is not necessarily an indication of its future performance. Updated performance information is available on the Fund's Web site at www.invesco.com/us. As with any mutual fund investment, loss of money is a risk of investing. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. <b>Annual Total Returns </b> Best Quarter (ended March 31, 2012): 16.67%<br />Worst Quarter (ended September 30, 2011): -16.75% An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund's performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. After-tax returns are shown for Class A shares only and after-tax returns for other classes will vary. <b>Average Annual Total Returns</b> (for the periods ended December 31, 2014) www.invesco.com/us The Fund's past performance (before and after taxes) is not necessarily an indication of its future performance. The bar chart does not reflect sales loads. If it did, the annual total returns shown would be lower. 178 147 56 46 Best Quarter 312 257 2009-06-30 700 578 0.176 Worst Quarter 2008-12-31 -0.1987 <div style="display:none">~ http://www.invesco.com/role/ScheduleShareholderFeesINVESCOSUMMITFUNDCLASSS column period compact * ~</div> Best Quarter 2009-06-30 <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualFundOperatingExpensesINVESCOSUMMITFUNDCLASSS column period compact * ~</div> 0.165 Worst Quarter 2008-12-31 -0.1951 <div style="display:none">~ http://www.invesco.com/role/ScheduleExpenseExampleTransposedINVESCOSUMMITFUNDCLASSS column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualTotalReturnsINVESCOSUMMITFUNDCLASSSBarChart column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleAverageAnnualTotalReturnsTransposedINVESCOSUMMITFUNDCLASSS column period compact * ~</div> After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. 0.1677 After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangement, such as 401(k) plans or individual retirement accounts. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. 0.007 -0.2671 0.2418 0.1563 0.0008 0.1766 0.2931 0.1232 0.0934 0.0591 0.0798 0.1369 0.1305 0.1108 0.1396 0.1305 0.1118 0.1545 0.1581 0.1522 0.0767 0.0849 0.0814 0.0752 0.0686 0.0603 0.0675 0.073 0.0767 0.0809 0.0679 0.0765 0.0834 2005-10-25 2005-10-25 2005-10-25 2012-09-24 0.1364 0.1542 0.1545 0.1441 0.1176 0.1461 0.1393 A contingent deferred sales charge may apply in some cases. See &#8220;Shareholder Account Information-Contingent Deferred Sales Charges (CDSCs).&#8221; 0.1232 0.113 0.0776 0.1242 0.1369 0.1345 0.1101 2008-10-03 2008-10-03 2008-10-03 2005-10-31 2005-10-31 2005-10-31 June 30, 2016 0.23 0.2068 0.1493 As with any mutual fund investment, loss of money is a risk of investing. -0.0442 0.1573 0.3827 0.0934 An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund's performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. www.invesco.com/us The Fund's past performance (before and after taxes) is not necessarily an indication of its future performance. <b>Annual Total Returns </b> After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Best Quarter (ended June 30, 2009): 17.76%<br />Worst Quarter (ended December 31, 2008): -19.81% Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for Class S shares only and after-tax returns for other classes will vary. Best Quarter 2012-03-31 <b>Average Annual Total Returns </b> (for the periods ended December 31, 2014) 0.1059 Worst Quarter 2011-09-30 After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for Class R5 shares only and after-tax returns for other classes will vary. -0.1358 <b>Fees and Expenses of the Fund </b> Best Quarter 2009-06-30 0.1776 Worst Quarter 2008-12-31 -0.1981 <div style="display:none">~ http://www.invesco.com/role/ScheduleShareholderFeesInvescoCharterFundCLASSS column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualFundOperatingExpensesInvescoCharterFundCLASSS column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleExpenseExampleTransposedInvescoCharterFundCLASSS column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualTotalReturnsInvescoCharterFundCLASSSBarChart column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleAverageAnnualTotalReturnsTransposedInvescoCharterFundCLASSS column period compact * ~</div> 0.055 0 0 0 0 0 0 0.05 0.01 0 0 0 June 30, 2016 0.06 As with any mutual fund investment, loss of money is a risk of investing. <b>Fund Summaries - INVESCO CHARTER FUND </b> An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. <b>Investment Objective(s) </b> The Fund&#8217;s investment objective is long-term growth of capital. <b>Fees and Expenses of the Fund </b> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. <b>Shareholder Fees</b> (fees paid directly from your investment) The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund's performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. www.invesco.com/us The Fund's past performance (before and after taxes) is not necessarily an indication of its future performance. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for Class R5 shares only and after-tax returns for other classes will vary. 0.52 As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund's performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. www.invesco.com/us The Fund's past performance (before and after taxes) is not necessarily an indication of its future performance. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangement, such as 401(k) plans or individual retirement accounts. Best Quarter 2012-03-31 0.1667 Worst Quarter 2011-09-30 -0.1675 0 0 0 0 <b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) 0.52 You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Invesco Funds. More information about these and other discounts is available from your financial professional and in the section &#8220;Shareholder Account Information-Initial Sales Charges (Class A Shares Only)&#8221; on page A-3 of the prospectus and the section &#8220;Purchase, Redemption and Pricing of Shares-Purchase and Redemption of Shares&#8221; on page L-1 of the statement of additional information (SAI). <div style="display:none">~ http://www.invesco.com/role/ScheduleShareholderFeesInvescoCharterFund column period compact * ~</div> 50000 <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualFundOperatingExpensesInvescoCharterFund column period compact * ~</div> As with any mutual fund investment, loss of money is a risk of investing. <div style="display:none">~ http://www.invesco.com/role/ScheduleExpenseExampleTransposedInvescoCharterFund column period compact * ~</div> An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. <div style="display:none">~ http://www.invesco.com/role/ScheduleExpenseExampleNoRedemptionTransposedInvescoCharterFund column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualTotalReturnsInvescoCharterFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleAverageAnnualTotalReturnsTransposedInvescoCharterFund column period compact * ~</div> The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund&#8217;s performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. www.invesco.com/us 0.006 0.006 0 0 0.0014 0.0005 The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of its future performance. 0.0002 0.0002 0.0076 0.0067 -0.0002 -0.0002 0.0074 0.0065 <div style="display:none">~ http://www.invesco.com/role/ScheduleShareholderFeesInvescoDiversifiedDividendFundCLASSR5ClassR6 column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualFundOperatingExpensesInvescoDiversifiedDividendFundCLASSR5ClassR6 column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleExpenseExampleTransposedInvescoDiversifiedDividendFundCLASSR5ClassR6 column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualTotalReturnsInvescoDiversifiedDividendFundCLASSR5ClassR6BarChart column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleAverageAnnualTotalReturnsTransposedInvescoDiversifiedDividendFundCLASSR5ClassR6 column period compact * ~</div> Best Quarter 2012-03-31 0.165 Worst Quarter 2008-12-31 -0.2112 After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. <div style="display:none">~ http://www.invesco.com/role/ScheduleShareholderFeesINVESCOSUMMITFUNDCLASSR5 column period compact * ~</div> After-tax returns are shown for Class P shares only and after-tax returns for other classes will vary. <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualFundOperatingExpensesINVESCOSUMMITFUNDCLASSR5 column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleExpenseExampleTransposedINVESCOSUMMITFUNDCLASSR5 column period compact * ~</div> A contingent deferred sales charge may apply in some cases. See "Shareholder Account Information-Contingent Deferred Sales Charges (CDSCs)." <div style="display:none">~ http://www.invesco.com/role/ScheduleAverageAnnualTotalReturnsTransposedINVESCOSUMMITFUNDCLASSR5 column period compact * ~</div> <b>Example.</b> This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.<br /><br />The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain equal to the Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement in the first year and the Total Annual Fund Operating Expenses thereafter.<br /><br />Although your actual costs may be higher or lower, based on these assumptions, your costs would be: 66 76 241 212 420 371 833 940 The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 23% of the average value of its portfolio. <b>Portfolio Turnover.</b> <b>Principal Investment Strategies of the Fund </b> The portfolio management team seeks to construct a portfolio of issuers that have high or improving return on invested capital, quality management, a strong competitive position and which are trading at attractive valuations.<br /><br />The Fund invests primarily in equity securities. The principal type of equity securities in which the Fund invests is common stock. The Fund may invest in the securities of issuers of all capitalization sizes; however, a substantial number of the issuers in which the Fund invests are large-capitalization issuers.<br /><br />The Fund may invest up to 25% of its net assets in foreign securities, which includes foreign debt and foreign equity securities.<br /><br />The Fund employs a risk management strategy to help minimize loss of capital and reduce excessive volatility. Pursuant to this strategy, the Fund generally invests a substantial amount of its assets in cash and cash equivalents. As a result, the Fund may not achieve its investment objective.<br /><br />The Fund can invest in derivative instruments, including futures contracts and forward foreign currency contracts.<br /><br />The Fund can use futures contracts, including index futures, to gain exposure to the broad market by equitizing cash and as a hedge against downside risk.<br /><br />The Fund can use forward foreign currency contracts to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated.<br /><br />In selecting securities for the Fund, the portfolio managers conduct fundamental research of issuers to gain a thorough understanding of their business prospects, appreciation potential and return on invested capital. The process they use to identify potential investments for the Fund includes three phases: financial analysis, business analysis and valuation analysis. Financial analysis evaluates an issuer&#8217;s capital allocation, and provides vital insight into historical and potential return on invested capital which is a key indicator of business quality and caliber of management. Business analysis allows the team to determine an issuer&#8217;s competitive positioning by identifying key drivers of the issuer, understanding industry challenges and evaluating the sustainability of competitive advantages. Both the financial and business analyses serve as a basis to construct valuation models that help estimate an issuer&#8217;s value. The portfolio managers use three primary valuation techniques: discounted cash flow, traditional valuation multiples and net asset value. At the conclusion of their research process, the portfolio managers will generally invest in an issuer when they have determined it potentially has high or improving return on invested capital, quality management, a strong competitive position and is trading at an attractive valuation.<br /><br />The portfolio managers consider selling a security when it exceeds the target price, has not shown a demonstrable improvement in fundamentals or a more compelling investment opportunity exists. <b>Principal Risks of Investing in the Fund </b> As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are:<br /><br />Cash/Cash Equivalents Risk. Holding cash or cash equivalents may negatively affect performance.<br /><br />Debt Securities Risk. The Fund may invest in debt securities that are affected by changing interest rates and changes in their effective maturities and credit quality.<br /><br />Derivatives Risk. The value of a derivative instrument depends largely on (and is derived from) the value of an underlying security, currency, commodity, interest rate, index or other asset (each referred to as an underlying asset). In addition to risks relating to the underlying assets, the use of derivatives may include other, possibly greater, risks, including counterparty, leverage and liquidity risks. Counterparty risk is the risk that the counterparty to the derivative contract will default on its obligation to pay the Fund the amount owed or otherwise perform under the derivative contract. Derivatives create leverage risk because they do not require payment up front equal to the economic exposure created by owning the derivative. As a result, an adverse change in the value of the underlying asset could result in the Fund sustaining a loss that is substantially greater than the amount invested in the derivative, which may make the Fund&#8217;s returns more volatile and increase the risk of loss. Derivative instruments may also be less liquid than more traditional investments and the Fund may be unable to sell or close out its derivative positions at a desirable time or price. This risk may be more acute under adverse market conditions, during which the Fund may be most in need of liquidating its derivative positions. Derivatives may also be harder to value, less tax efficient and subject to changing government regulation that could impact the Fund&#8217;s ability to use certain derivatives or their cost. Also, derivatives used for hedging or to gain or limit exposure to a particular market segment may not provide the expected benefits, particularly during adverse market conditions.<br /><br />Foreign Securities Risk. The Fund&#8217;s foreign investments may be affected by changes in a foreign country&#8217;s exchange rates, political and social instability, changes in economic or taxation policies, difficulties when enforcing obligations, decreased liquidity, and increased volatility. Foreign companies may be subject to less regulation resulting in less publicly available information about the companies.<br /><br />Management Risk. The investment techniques and risk analysis used by the Fund&#8217;s portfolio managers may not produce the desired results.<br /><br />Market Risk. The prices of and the income generated by the Fund&#8217;s securities may decline in response to, among other things, investor sentiment, general economic and market conditions, regional or global instability, and currency and interest rate fluctuations.<br /><br />Small- and Mid-Capitalization Risks. Stocks of small- and mid-sized companies tend to be more vulnerable to adverse developments and may have little or no operating history or track record of success, and limited product lines, markets, management and financial resources. The securities of small- and mid-sized companies may be more volatile due to less market interest and less publicly available information about the issuer. They also may be illiquid or restricted as to resale, or may trade less frequently and in smaller volumes, all of which may cause difficulty when establishing or closing a position at a desirable price. <b>Performance Information </b> The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund's performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. For more information on the benchmarks used see the &#8220;Benchmark Descriptions&#8221; section in the prospectus. The Fund's past performance (before and after taxes) is not necessarily an indication of its future performance. Updated performance information is available on the Fund's Web site at www.invesco.com/us. <b>Annual Total Returns </b> Best Quarter (ended June 30, 2009): 16.62%<br />Worst Quarter (ended December 31, 2008): -19.41% <b>Average Annual Total Returns </b> (for the periods ended December 31, 2014) After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for Class R5 shares only and after-tax returns for other classes will vary. 0.0539 0.1684 0.0881 -0.2815 0.3074 0.086 0.0027 0.1361 0.2865 0.0814 secondarily, current income. 0.0042 0.0042 0.0042 0.0042 0.0042 0.0042 0.0025 0.01 0.01 0.005 0 0.0018 0.0017 0.0017 0.0017 0.0017 0.0017 0.0017 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0085 0.016 0.016 0.011 0.006 0.0078 -0.0001 -0.0001 -0.0001 -0.0001 -0.0001 -0.0001 0.0084 0.0159 0.0159 0.0109 0.0059 0.0077 0.0543 0.0676 0.082 0.1369 0.1052 0.0912 0.1126 0.1545 0.0746 0.077 0.0767 0.0654 After-tax returns are shown for Class A shares only and after-tax returns for other classes will vary. <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualTotalReturnsINVESCOSUMMITFUNDCLASSR5BarChart column period compact * ~</div> 0.0814 0.1147 0.0804 631 662 262 111 60 79 805 504 804 349 191 248 995 1070 870 605 334 432 1540 1698 1899 1339 749 965 1991-07-30 1991-07-30 1991-07-30 2012-09-24 631 162 162 111 60 79 805 504 504 349 191 248 995 870 870 605 334 432 1540 1698 1899 1339 749 965 0.0523 0.1641 0.0036 -0.2695 0.2366 0.1511 -0.002 0.1717 0.29 0.1193 0.0575 0.0487 0.0394 0.1009 0.0608 0.1168 0.1226 0.1209 0.1369 0.1345 0.1101 0.1294 0.1233 0.1036 0.1311 0.1335 0.1396 0.145 0.1426 0.1545 0.1542 0.1364 0.0739 0.0676 0.0598 0.0739 0.0723 0.0777 0.0818 0.0807 0.0767 0.073 0.0675 2001-12-31 2001-12-31 2005-10-25 2008-10-03 2005-07-15 June 30, 2016 0.23 As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund's performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. www.invesco.com/us The Fund's past performance (before and after taxes) is not necessarily an indication of its future performance. Best Quarter 2009-06-30 0.1662 Worst Quarter 2008-12-31 -0.1941 After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for Class R5 shares only and after-tax returns for other classes will vary. A contingent deferred sales charge may apply in some cases. See "Shareholder Account Information-Contingent Deferred Sales Charges (CDSCs)." <div style="display:none">~ http://www.invesco.com/role/ScheduleShareholderFeesInvescoCharterFundCLASSR5ClassR6 column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualFundOperatingExpensesInvescoCharterFundCLASSR5ClassR6 column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleExpenseExampleTransposedInvescoCharterFundCLASSR5ClassR6 column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualTotalReturnsInvescoCharterFundCLASSR5ClassR6BarChart column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleAverageAnnualTotalReturnsTransposedInvescoCharterFundCLASSR5ClassR6 column period compact * ~</div> 0.1324 0.1133 0.1564 0.1382 0.0796 0.0701 2001-12-31 2001-12-31 2001-12-31 secondarily, current income. Class Y shares' and Investor Class shares' performance shown prior to the inception date is that of Class A shares and includes the 12b-1 fees applicable to Class A shares. Class A shares' performance reflects any applicable fee waivers or expense reimbursements. A contingent deferred sales charge may apply in some cases. See "Shareholder Account Information-Contingent Deferred Sales Charges (CDSCs)." Class Y shares' performance shown prior to the inception date is that of Class A shares and includes the 12b-1 fees applicable to Class A shares. Class A shares' performance reflects any applicable fee waivers or expense reimbursements. Invesco Advisers, Inc. (Invesco or the Adviser) has contractually agreed to waive a portion of the Fund's management fee in an amount equal to the net management fee that Invesco earns on the Fund's investments in certain affiliated funds. This waiver will have the effect of reducing the Acquired Fund Fees and Expenses that are indirectly borne by the Fund. Unless Invesco continues the fee waiver agreement, it will terminate on June 30, 2016. The fee waiver agreement cannot be terminated during its term. Class S shares' performance shown prior to the inception date is that of Class A shares and includes the 12b-1 fees applicable to Class A shares. Class A shares' performance reflects any applicable fee waivers. The inception date of the Fund's Class A shares is November 26, 1968. Class R5 shares' performance shown prior to the inception date is that of Class A shares and includes the 12b-1 fees applicable to Class A shares. Class A shares' performance reflects any applicable fee waivers or expense reimbursements. The inception date of the Fund's Class A shares is October 31, 2005. Class R5 and Class R6 shares' performance shown prior to the inception date is that of Class A shares and includes the 12b-1 fees applicable to Class A shares. Class A shares' performance reflects any applicable fee waivers or expense reimbursements. The inception date of the Fund's Class A shares is December 31, 2001. Class R6 shares' performance shown prior to the inception date is that of the Class A shares and includes the 12b-1 fees applicable to Class A shares. Class A shares' performance reflects any applicable fee waivers and/or expense reimbursements. The inception date of the Fund's Class A shares is November 26, 1968. Class S shares' performance shown prior to the inception date is that of Class A shares and includes the 12b-1 fees applicable to Class A shares. Class A shares' performance reflects any applicable fee waivers. The inception date of the Fund's Class A shares is October 31, 2005. A contingent deferred sales charge may apply in some cases. See “Shareholder Account Information-Contingent Deferred Sales Charges (CDSCs).” Invesco Advisers, Inc. (Invesco or the Adviser) has contractually agreed to waive a portion of the Fund's management fee in an amount equal to the net management fee that Invesco earns on the Fund's investments in certain affiliated funds. This waiver will have the effect of reducing the Acquired Fund Fees and Expenses that are indirectly borne by the Fund. Unless Invesco continues the fee waiver agreement, it will terminate on June 30, 2016. The fee waiver agreement cannot be terminated during its term. Class R shares' performance shown prior to the inception date is that of Class A shares restated to reflect the higher 12b-1 fees applicable to Class R shares. Class A shares' performance reflects any applicable fee waivers or expense reimbursements. 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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
Prospectus Date rr_ProspectusDate Feb. 27, 2015
Class S | INVESCO SUMMIT FUND  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund Summaries - INVESCO SUMMIT FUND
Objective [Heading] rr_ObjectiveHeading Investment Objective(s)
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund's investment objective is long-term growth of capital.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover.
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 52% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 52.00%rr_PortfolioTurnoverRate
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Expense Example [Heading] rr_ExpenseExampleHeading Example.
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies of the Fund
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund invests primarily in equity securities of issuers of all market capitalizations. The principal type of equity securities in which the Fund invests is common stock.

The Fund does not invest in companies whose primary business involves alcohol, tobacco or gambling. The Fund invests primarily in securities that are considered by the Fund's portfolio managers to have potential for earnings or revenue growth.

The Fund may invest up to 25% of its net assets in foreign securities.

The Fund's investment adviser, Invesco Advisers, Inc. (Invesco or the Adviser), focuses on securities of issuers exhibiting long-term, sustainable earnings and cash flow growth that is not yet reflected in investor expectations or equity valuations. To narrow the investment universe, the Adviser uses a holistic approach that emphasizes fundamental research and, to a lesser extent, includes quantitative analysis.

The Adviser closely examines company fundamentals, including detailed modeling of all of a company's financial statements and discussions with company management teams, suppliers, distributors, competitors and customers. The Adviser uses a variety of valuation techniques based on the company in question, the industry in which the company operates, the stage of the business cycle, and other factors that best reflect a company's value. The Adviser seeks to invest in companies with strong or improving fundamentals, attractive valuation relative to their growth prospects, and earning expectations that appear fair to conservative.

The Adviser attempts to limit risk by broadly diversifying the portfolio.

The Adviser considers selling a security when a company hits the price target, if fundamental business prospects deteriorate, or the catalysts for growth are no longer present or reflected in the stock price.
Risk [Heading] rr_RiskHeading Principal Risks of Investing in the Fund
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are:

Foreign Securities Risk. The Fund's foreign investments may be affected by changes in a foreign country's exchange rates, political and social instability, changes in economic or taxation policies, difficulties when enforcing obligations, decreased liquidity, and increased volatility. Foreign companies may be subject to less regulation resulting in less publicly available information about the companies.

Growth Investing Risk. Growth stocks tend to be more expensive relative to their earnings or assets compared with other types of stock. As a result they tend to be more sensitive to changes in their earnings and can be more volatile.

Management Risk. The investment techniques and risk analysis used by the Fund's portfolio managers may not produce the desired results.

Market Risk. The prices of and the income generated by the Fund's securities may decline in response to, among other things, investor sentiment, general economic and market conditions, regional or global instability, and currency and interest rate fluctuations.

Small- and Mid-Capitalization Risks. Stocks of small- and mid-sized companies tend to be more vulnerable to adverse developments and may have little or no operating history or track record of success, and limited product lines, markets, management and financial resources. The securities of small- and mid-sized companies may be more volatile due to less market interest and less publicly available information about the issuer. They also may be illiquid or restricted as to resale, or may trade less frequently and in smaller volumes, all of which may cause difficulty when establishing or closing a position at a desirable price.
Risk Lose Money [Text] rr_RiskLoseMoney As with any mutual fund investment, loss of money is a risk of investing.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance Information
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund's performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. For more information on the benchmarks used, see the “Benchmark Descriptions” section in the prospectus. The Fund's past performance (before and after taxes) is not necessarily an indication of its future performance. Updated performance information is available on the Fund's Web site at www.invesco.com/us.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund's performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.invesco.com/us
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund's past performance (before and after taxes) is not necessarily an indication of its future performance.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock Best Quarter (ended March 31, 2012): 16.58%
Worst Quarter (ended September 30, 2011): -16.76%
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (for the periods ended December 31, 2014)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for Class S shares only and after-tax returns for other classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for Class S shares only and after-tax returns for other classes will vary.
Class S | INVESCO SUMMIT FUND | Class S  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.64%rr_ManagementFeesOverAssets
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Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15%rr_DistributionAndService12b1FeesOverAssets
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5 Years rr_ExpenseExampleYear05 525rr_ExpenseExampleYear05
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10 Years rr_ExpenseExampleYear10 1,166rr_ExpenseExampleYear10
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2010 rr_AnnualReturn2010 14.51%rr_AnnualReturn2010
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2011 rr_AnnualReturn2011 (4.62%)rr_AnnualReturn2011
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2012 rr_AnnualReturn2012 15.49%rr_AnnualReturn2012
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2013 rr_AnnualReturn2013 37.83%rr_AnnualReturn2013
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2014 rr_AnnualReturn2014 9.06%rr_AnnualReturn2014
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Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2012
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 16.58%rr_BarChartHighestQuarterlyReturn
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Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (16.76%)rr_BarChartLowestQuarterlyReturn
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[1]
5 Years rr_AverageAnnualReturnYear05 13.65%rr_AverageAnnualReturnYear05
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10 Years rr_AverageAnnualReturnYear10    [1]
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[1]
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 25, 2009 [1]
Class S | INVESCO SUMMIT FUND | Return After Taxes on Distributions | Class S  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 5.63%rr_AverageAnnualReturnYear01
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Inception Date rr_AverageAnnualReturnInceptionDate Sep. 25, 2009 [1]
Class S | INVESCO SUMMIT FUND | Return After Taxes on Distributions and Sale of Fund Shares | Class S  
Risk/Return: rr_RiskReturnAbstract  
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Inception Date rr_AverageAnnualReturnInceptionDate Sep. 25, 2009 [1]
Class S | INVESCO SUMMIT FUND | S&P 500® Index (reflects no deductions for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.69%rr_AverageAnnualReturnYear01
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Since Inception rr_AverageAnnualReturnSinceInception   
Inception Date rr_AverageAnnualReturnInceptionDate Oct. 31, 2005
Class S | INVESCO SUMMIT FUND | Russell 1000® Growth Index (reflects no deductions for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.05%rr_AverageAnnualReturnYear01
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Since Inception rr_AverageAnnualReturnSinceInception   
Inception Date rr_AverageAnnualReturnInceptionDate Oct. 31, 2005
Class S | INVESCO SUMMIT FUND | Lipper Multi-Cap Growth Funds Index  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 11.08%rr_AverageAnnualReturnYear01
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Inception Date rr_AverageAnnualReturnInceptionDate Oct. 31, 2005
[1] Class S shares' performance shown prior to the inception date is that of Class A shares and includes the 12b-1 fees applicable to Class A shares. Class A shares' performance reflects any applicable fee waivers. The inception date of the Fund's Class A shares is October 31, 2005.
XML 11 R54.htm IDEA: XBRL DOCUMENT v2.4.1.9
Class R5 | INVESCO SUMMIT FUND
Fund Summaries - INVESCO SUMMIT FUND
Investment Objective(s)
The Fund’s investment objective is long-term growth of capital.
Fees and Expenses of the Fund
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.
Shareholder Fees (fees paid directly from your investment)
Shareholder Fees
Class R5
INVESCO SUMMIT FUND
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) none
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) none
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Class R5
INVESCO SUMMIT FUND
Management Fees 0.64%rr_ManagementFeesOverAssets
Distribution and/or Service (12b-1) Fees none
Other Expenses 0.05%rr_OtherExpensesOverAssets
Total Annual Fund Operating Expenses 0.69%rr_ExpensesOverAssets
Example.
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Expense Example (USD $)
1 Year
3 Years
5 Years
10 Years
Class R5 INVESCO SUMMIT FUND
70 221 384 859
Portfolio Turnover.
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 52% of the average value of its portfolio.
Principal Investment Strategies of the Fund
The Fund invests primarily in equity securities of issuers of all market capitalizations. The principal type of equity securities in which the Fund invests is common stock.

The Fund does not invest in companies whose primary business involves alcohol, tobacco or gambling. The Fund invests primarily in securities that are considered by the Fund’s portfolio managers to have potential for earnings or revenue growth.

The Fund may invest up to 25% of its net assets in foreign securities.

The Fund’s investment adviser, Invesco Advisers, Inc. (Invesco or the Adviser), focuses on securities of issuers exhibiting long-term, sustainable earnings and cash flow growth that is not yet reflected in investor expectations or equity valuations. To narrow the investment universe, the Adviser uses a holistic approach that emphasizes fundamental research and, to a lesser extent, includes quantitative analysis.

The Adviser closely examines company fundamentals, including detailed modeling of all of a company’s financial statements and discussions with company management teams, suppliers, distributors, competitors and customers. The Adviser uses a variety of valuation techniques based on the company in question, the industry in which the company operates, the stage of the business cycle, and other factors that best reflect a company’s value. The Adviser seeks to invest in companies with strong or improving fundamentals, attractive valuation relative to their growth prospects, and earning expectations that appear fair to conservative.

The Adviser attempts to limit risk by broadly diversifying the portfolio.

The Adviser considers selling a security when a company hits the price target, if fundamental business prospects deteriorate, or the catalysts for growth are no longer present or reflected in the stock price.
Principal Risks of Investing in the Fund
As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are:

Foreign Securities Risk. The Fund’s foreign investments may be affected by changes in a foreign country’s exchange rates, political and social instability, changes in economic or taxation policies, difficulties when enforcing obligations, decreased liquidity, and increased volatility. Foreign companies may be subject to less regulation resulting in less publicly available information about the companies.

Growth Investing Risk. Growth stocks tend to be more expensive relative to their earnings or assets compared with other types of stock. As a result they tend to be more sensitive to changes in their earnings and can be more volatile.

Management Risk. The investment techniques and risk analysis used by the Fund’s portfolio managers may not produce the desired results.

Market Risk. The prices of and the income generated by the Fund’s securities may decline in response to, among other things, investor sentiment, general economic and market conditions, regional or global instability, and currency and interest rate fluctuations.

Small- and Mid-Capitalization Risks. Stocks of small- and mid-sized companies tend to be more vulnerable to adverse developments and may have little or no operating history or track record of success, and limited product lines, markets, management and financial resources. The securities of small- and mid-sized companies may be more volatile due to less market interest and less publicly available information about the issuer. They also may be illiquid or restricted as to resale, or may trade less frequently and in smaller volumes, all of which may cause difficulty when establishing or closing a position at a desirable price.
Performance Information
The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund's performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. For more information on the benchmarks used see the “Benchmark Descriptions” section in the prospectus. The Fund's past performance (before and after taxes) is not necessarily an indication of its future performance. Updated performance information is available on the Fund's Web site at www.invesco.com/us.
Annual Total Returns
Bar Chart
Best Quarter (ended March 31, 2012): 16.67%
Worst Quarter (ended September 30, 2011): -16.75%
Average Annual Total Returns (for the periods ended December 31, 2014)
Average Annual Total Returns Class R5 INVESCO SUMMIT FUND
1 Year
5 Years
10 Years
Since Inception
Inception Date
Class R5 shares:
[1] 9.34% 13.96%    7.52% Oct. 03, 2008
Class R5 shares: Return After Taxes on Distributions
[1] 5.91% 13.05%    6.86% Oct. 03, 2008
Class R5 shares: Return After Taxes on Distributions and Sale of Fund Shares
[1] 7.98% 11.18%    6.03% Oct. 03, 2008
S&P 500® Index (reflects no deductions for fees, expenses or taxes)
13.69% 15.45% 7.67%    Oct. 31, 2005
Russell 1000® Growth Index (reflects no deductions for fees, expenses or taxes)
13.05% 15.81% 8.49%    Oct. 31, 2005
Lipper Multi-Cap Growth Funds Index
11.08% 15.22% 8.14%    Oct. 31, 2005
[1] Class R5 shares' performance shown prior to the inception date is that of Class A shares and includes the 12b-1 fees applicable to Class A shares. Class A shares' performance reflects any applicable fee waivers or expense reimbursements. The inception date of the Fund's Class A shares is October 31, 2005.
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangement, such as 401(k) plans or individual retirement accounts.
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