-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, E2iVG74Z0GClX3CEVhOkN87/tG7OsTwoztw/NkVPbRg/fLCPApMmZOJlgm/ikk9V 5zE5G4OXUiy2wovP390HNQ== 0000789940-96-000004.txt : 19960518 0000789940-96-000004.hdr.sgml : 19960518 ACCESSION NUMBER: 0000789940-96-000004 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960516 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: INVESCO VALUE TRUST CENTRAL INDEX KEY: 0000789940 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-03429 FILM NUMBER: 96568571 BUSINESS ADDRESS: STREET 1: 7800 EAST UNION AVE CITY: DENVER STATE: CO ZIP: 80237 BUSINESS PHONE: 8005541156 MAIL ADDRESS: STREET 1: P.O. BOX 173706 CITY: DENVER STATE: CO ZIP: 80217-3706 FORMER COMPANY: FORMER CONFORMED NAME: FINANCIAL SERIES TRUST DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: INVESCO INSTITUTIONAL SERIES TRUST DATE OF NAME CHANGE: 19910117 FORMER COMPANY: FORMER CONFORMED NAME: SHEARWATER EQUITY INC DATE OF NAME CHANGE: 19870810 497 1 INVESCO INTERMEDIATE GOVERNMENT BOND FUND Supplement to Prospectus dated December 29, 1995 The section of the Fund's Prospectus entitled "Annual Fund Expenses" is hereby amended to read as follows: Annual Fund Expenses The Fund is 100% no-load; there are no fees to purchase, exchange or redeem shares nor any ongoing marketing ("12b-1") expenses. Lower expenses benefit Fund shareholders by increasing the Fund's total return. Shareholder Transaction Expenses Sales load "charge" on purchases............ None Sales load "charge" on reinvested dividends. None Redemption fees............................. None Exchange fees............................... None Annual Fund Operating Expenses (as a percentage of average net assets)* Management Fee.............................. 0.60% 12b-1 Fees.................................. None Other Expenses (after voluntary expense limitation)(1).................. 0.40% Transfer Agency Fee(2).................... 0.29% General Services, Administrative Services, Registration Postage(3)................. 0.11% Total Fund Operating Expenses (after voluntary expense limitation)(1)........ 1.00% (1) Certain Fund expenses are being voluntarily absorbed by INVESCO Funds Group, Inc. ("INVESCO") to ensure that the Fund's total operating expenses do not exceed 1.00% of the Fund's average net assets. This policy is applicable to Fund expenses incurred on or after May 1, 1996. In the absence of such voluntary expense limitation, the Fund's "Other Expenses" and "Total Fund Operating Expenses" in the above table would have been 0.60% and 1.20%, respectively, of the Fund's average net assets based on the actual expenses of the Fund for the fiscal year ended August 31, 1995. (2) Consists of the transfer agency fee described under "Additional Information -- Transfer and Dividend Disbursing Agent." (3) Includes, but is not limited to, fees and expenses of trustees, custodian bank, legal counsel and auditors, a securities pricing service, costs of administrative services furnished under an Administrative Services Agreement, costs of registration of Fund shares under applicable laws, and costs of printing and distributing reports to shareholders. Example* A shareholder would pay the following expenses on a $1,000 investment for the periods shown, assuming (1) a 5% annual return and (2) redemption at the end of each time period: 1 Year 3 Years 5 Years 10 Years ------ ------- ------- -------- $10 $32 $55 $123 The purpose of the foregoing table is to assist investors in understanding the various costs and expenses that an investor in the Fund will bear directly or indirectly. Such expenses are paid from the Fund's assets. (See "The Trust and Its Management.") The above figures for INVESCO Intermediate Government Bond Fund are based on fiscal year-end information. The Fund charges no sales load, redemption fee or exchange fee and bears no distribution expenses. The Example should not be considered a representation of past or future expenses, and actual expenses may be greater or less than those shown. The assumed 5% annual return is hypothetical and should not be considered a representation of past or future annual returns, which may be greater or less than the assumed amount. *The expense information in the above tables has been presented on a basis that assumes that the Fund's current 1.00% expense limitation had been in effect during the year ended August 31, 1995. The tenth paragraph in the section of Fund's Prospectus entitled "The Trust and Its Management," is hereby amended to read as follows: The Fund bears those Trust expenses which are accrued daily that are incurred on its behalf and, in addition, bears a portion of general Trust expenses, allocated based upon the relative net assets of the three Funds of the Trust. Such expenses are generally deducted from the Fund's total income before dividends are paid. Total expenses of the Fund for the fiscal year ended August 31, 1995, including investment advisory fees (but excluding brokerage commissions), amounted to 1.20% of the Fund's average net assets. Certain Fund expenses are being absorbed by INVESCO voluntarily pursuant to a commitment to the Fund in order to ensure that the Fund's total expenses do not exceed 1.00% of the Fund's average net assets. This commitment is applicable to Fund expenses incurred on or after May 1, 1996, and may be changed following consultation with the Company's board of directors. The third paragraph in the section of the Fund's Prospectus entitled "Additional Information" is hereby amended to read as follows: Transfer and Dividend Disbursing Agent. INVESCO Funds Group, Inc., 7800 E. Union Ave., Denver, Colorado 80237, acts as registrar, transfer agent, and dividend disbursing agent for the Fund pursuant to a Transfer Agency Agreement which provides that the Fund will pay an annual fee of $26.00 per shareholder account or omnibus account participant. The transfer agency fee is not charged to each shareholder's or participant's account, but is an expense of the Fund to be paid from the Fund's assets. Registered broker-dealers, third party administrators of tax-qualified retirement plans and other entities, including affiliates of INVESCO, may provide sub-transfer agency or record-keeping services to the Fund which reduce or eliminate the need for identical services to be provided on behalf of the Fund by INVESCO. In such cases, INVESCO may pay the third party an annual sub-transfer agency or record-keeping fee out of the transfer agency fee which is paid to INVESCO by the Fund. The date of this Supplement is May 1, 1996. INVESCO TOTAL RETURN FUND Supplement to Prospectus dated December 29, 1995 The third paragraph in the section of the Fund's Prospectus entitled "Additional Information" is hereby amended to read as follows: Transfer and Dividend Disbursing Agent. INVESCO Funds Group, Inc., 7800 E. Union Ave., Denver, Colorado 80237, acts as registrar, transfer agent, and dividend disbursing agent for the Fund pursuant to a Transfer Agency Agreement which provides that the Fund will pay an annual fee of $20.00 per shareholder account per omnibus account participant. The transfer agency fee is not charged to each shareholder's or participant's account, but is an expense of the Fund to be paid from the Fund's assets. Registered broker-dealers, third party administrators of tax-qualified retirement plans and other entities, including affiliates of INVESCO, may provide sub-transfer agency or record-keeping services to the Fund which reduce or eliminate the need for identical services to be provided on behalf of the Fund by INVESCO. In such cases, INVESCO may pay the third party an annual sub-transfer agency or record-keeping fee out of the transfer agency fee which is paid to INVESCO by the Fund. The date of this Supplement is May 1, 1996. INVESCO Value Equity Fund Supplement to Prospectus dated December 29, 1995 The section of the Fund's Prospectus entitled "Annual Fund Expenses" is hereby amended to read as follows: Annual Fund Expenses The Fund is 100% no-load; there are no fees to purchase, exchange or redeem shares nor any ongoing marketing ("12b-1") expenses. Lower expenses benefit Fund shareholders by increasing the Fund's total return. Shareholder Transaction Expenses Sales load "charge" on purchases............ None Sales load "charge" on reinvested dividends. None Redemption fees............................. None Exchange fees............................... None Annual Fund Operating Expenses (as a percentage of average net assets)* Management Fee.............................. 0.75% 12b-1 Fees.................................. None Other Expenses.............................. 0.28% Transfer Agency Fee(1).................... 0.11% General Services, Administrative Services, Registration Postage(2)................. 0.17% Total Fund Operating Expenses............... 1.03% (1) Consists of the transfer agency fee described under "Additional Information -- Transfer and Dividend Disbursing Agent." (2) Includes, but is not limited to, fees and expenses of trustees, custodian bank, legal counsel and auditors, a securities pricing service, costs of administrative services furnished under an Administrative Services Agreement, costs of registration of Fund shares under applicable laws, and costs of printing and distributing reports to shareholders. Example* A shareholder would pay the following expenses on a $1,000 investment for the periods shown, assuming (1) a 5% annual return and (2) redemption at the end of each time period: 1 Year 3 Years 5 Years 10 Years ------ ------- ------- -------- $11 $33 $57 $126 The purpose of the foregoing table is to assist investors in understanding the various costs and expenses that an investor in the Fund will bear directly or indirectly. Such expenses are paid from the Fund's assets. (See "The Trust and Its Management.") The above figures for INVESCO Value Equity Fund are based on fiscal year-end information. The Fund charges no sales load, redemption fee or exchange fee and bears no distribution expenses. The Example should not be considered a representation of past or future expenses, and actual expenses may be greater or less than those shown. The assumed 5% annual return is hypothetical and should not be considered a representation of past or future annual returns, which may be greater or less than the assumed amount. *The expense information in the above tables has been presented on a basis that assumes that the Fund's current transfer agency fees had been in effect during the year ended August 31, 1995. The third paragraph in the section of the Fund's Prospectus entitled "Additional Information" is hereby amended to read as follows: Transfer and Dividend Disbursing Agent. INVESCO Funds Group, Inc., 7800 E. Union Ave., Denver, Colorado 80237, acts as registrar, transfer agent, and dividend disbursing agent for the Fund pursuant to a Transfer Agency Agreement which provides that the Fund will pay an annual fee of $20.00 per shareholder account or omnibus account participant. The transfer agency fee is not charged to each shareholder's or participant's account, but is an expense of the Fund to be paid from the Fund's assets. Registered broker-dealers, third party administrators of tax-qualified retirement plans and other entities, including affiliates of INVESCO, may provide sub-transfer agency or record-keeping services to the Fund which reduce or eliminate the need for identical services to be provided on behalf of the Fund by INVESCO. In such cases, INVESCO may pay the third party an annual sub-transfer agency or record-keeping fee out of the transfer agency fee which is paid to INVESCO by the Fund. The date of this Supplement is May 1, 1996. -----END PRIVACY-ENHANCED MESSAGE-----