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Summary Prospectus   February 26, 2010
 
AIM European Growth Fund
Effective April 30, 2010, AIM European Growth Fund will be known as Invesco European Growth Fund.
 
Class: A (AEDAX), B (AEDBX), C (AEDCX), R (AEDRX), Y (AEDYX), Investor (EGINX)
     

 

 
 
Before you invest, you may want to review the Fund’s prospectus, which contains more information about the Fund and its risks. You can find the Fund’s prospectus and other information about the Fund online at www.invescoaim.com/prospectus. Effective April 30, 2010, www.invescoaim.com will be changed to www.invesco.com. You can also get this information at no cost by calling (800) 959-4246 or by sending an e-mail request to ProspectusRequest@invesco.com. The Fund’s prospectus and statement of additional information, both dated February 26, 2010, are incorporated by reference into this Summary Prospectus and may be obtained, free of charge, at the Web site, phone number or e-mail address noted above.
 
Investment Objective
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.
 
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $25,000 in the AIM Funds. Effective April 1, 2010, 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 AIM Funds. Effective April 30, 2010, any and all references in the prospectus to “AIM Funds” are replaced with “Invesco Funds”. More information about these and other discounts is available from your financial professional and in the section “Shareholder Account Information—Initial Sales Charges (Class A Shares Only)” on page A-3 of the prospectus and the section “Purchase, Redemption and Pricing of Shares—Purchase and Redemption of Shares” on page L-1 of the statement of additional information (SAI).
 
                                                 
 
Shareholder Fees (fees paid directly from your investment)
 
Class:   A   B   C   R   Y   Investor
 
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)     5.50 %     None       None       None       None       None  
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less)     None       5.00 %     1.00 %     None       None       None  
Redemption/Exchange Fee1 (as a percentage of amount redeemed/exchanged)     2.00 %     2.00 %     2.00 %     2.00 %     2.00 %     2.00 %
 
                                                 
 
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
 
Class:   A   B   C   R   Y   Investor
 
Management Fees     0.91 %     0.91 %     0.91 %     0.91 %     0.91 %     0.91 %
Distribution and/or Service (12b-1) Fees     0.25       1.00       1.00       0.50       None       0.25  
Other Expenses     0.49       0.49       0.49       0.49       0.49       0.49  
Acquired Fund Fees and Expenses     0.01       0.01       0.01       0.01       0.01       0.01  
Total Annual Fund Operating Expenses     1.66       2.41       2.41       1.91       1.41       1.66  
     
1
  You may be charged a 2.00% fee if you redeem or exchange shares of the Fund within 31 days of purchase.
 
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 period indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investments 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:
 
                                     
    1 Year   3 Years   5 Years   10 Years    
 
Class A
  $ 709     $ 1,045     $ 1,403     $ 2,407      
Class B
    744       1,051       1,485       2,561      
Class C
    344       751       1,285       2,746      
Class R
    194       600       1,032       2,233      
Class Y
    144       446       771       1,691      
Investor Class
    169       523       902       1,965      
 
1        AIM European Growth Fund

 

You would pay the following expenses if you did not redeem your shares:
 
                                     
    1 Year   3 Years   5 Years   10 Years    
 
Class A
  $ 709     $ 1,045     $ 1,403     $ 2,407      
Class B
    244       751       1,285       2,561      
Class C
    244       751       1,285       2,746      
Class R
    194       600       1,032       2,233      
Class Y
    144       446       771       1,691      
Investor Class
    169       523       902       1,965      
 
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 21% of the average value of its portfolio.
 
Principal Investment Strategies of the Fund
The Fund invests, under normal circumstances, at least 80% of net assets (plus borrowings for investment purposes) in securities of European corporate or governmental issuers. The Fund invests primarily in equity securities.
 
In complying with the 80% investment requirement, the Fund may also invest in the following other investments that have economic characteristics similar to the Fund’s direct investments: derivatives, exchange-traded funds and American Depositary Receipts. These derivatives and other instruments may have the effect of leveraging the Fund’s portfolio.
 
The Fund invests, under normal circumstances, in the securities of issuers located in at least three European countries. As of February 23, 2010, the principal countries in which the Fund invests were United Kingdom, Switzerland, Germany and Ireland. The Fund may invest up to 35% of its net assets in European issuers located in developing countries, i.e., those that are identified as in the initial stages of their industrial cycles.
 
The portfolio managers employ a disciplined investment strategy that emphasizes fundamental research, supported by quantitative analysis, portfolio construction and risk management techniques. The strategy primarily focuses on identifying issuers that have experienced, or exhibit the potential for, accelerating or above average earnings growth but whose prices do not fully reflect these attributes. Investments for the portfolio are selected bottom-up on a security-by-security basis. The focus is on the strengths of individual issuers, rather than sector or country trends.
 
The Fund’s portfolio managers may consider selling a security for several reasons, including when (1) its fundamentals deteriorate or it posts disappointing earnings, (2) its security price appears to be overvalued, or (3) a more attractive investment opportunity is identified.
 
Principal Risks of Investing in the Fund
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:
 
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.
 
Foreign Securities Risk. The Fund’s foreign investments will be affected by changes in the 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.
 
Developing Markets Securities Risk. Securities issued by foreign companies and governments located in developing countries may be affected more negatively by inflation, devaluation of their currencies, higher transaction costs, delays in settlement, adverse political developments and lack of timely information than those in developed countries.
 
Management Risk. The investment techniques and risk analysis used by the Fund’s portfolio managers may produce the desired results.
 
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 government agency.
 
Performance Information
The bar chart and performance table provide an indication of the risks of investing in the Fund. 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 with similar investment objectives to the Fund. The benchmarks may not reflect payment of fees, expenses or taxes. The Fund is not managed to track the performance of any particular benchmark, including the benchmarks shown below, and consequently, the performance of the Fund may deviate significantly from the performance of these benchmarks. The Fund’s past performance (before and after taxes) is not necessarily an indication of its future performance. Updated performance information is available at www.invesco.com. Effective April 30, 2010, www.invescoaim.com will be changed to www.invesco.com.
 
Annual Total Returns
The bar chart shows changes in the performance of the Fund from year to year as of December 31. The bar chart does not reflect sales loads. If it did, the annual total returns shown would be lower.
 
Best Quarter (ended June 30, 2009): 22.91%
Worst Quarter (ended December 31, 2008): (22.59)%
 
 
2        AIM European Growth Fund

 

                                 
 
Average Annual Total Returns (for the periods ended December 31, 2009)
 
    1
 		  5
 		  10
 		  Inception
    Year   Years   Years   Date
 
Class A:                             11/03/97  
Return Before Taxes
    29.60 %     4.43 %     4.51 %        
Return After Taxes on Distributions
    29.55       3.52       4.05          
Return After Taxes on Distributions and Sale of Fund Shares
    19.79       3.94       4.00          
Class B:
    31.16       4.54       4.53       11/03/97  
Class C:
    35.19       4.84       4.37       11/03/97  
Class R1:
    36.89       5.37       4.90       06/03/02  
Class Y2:
    37.58       5.69       5.14       10/03/08  
Investor Class2:
    37.24       5.65       5.13       09/30/03  
MSCI EAFE® Index
    31.78       3.54       1.17          
MSCI Europe Growth Index
    33.87       4.84       0.02          
Lipper European Funds Index
    41.58       5.85       3.38          
 
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.
     
1
  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 for Class R shares. Class A shares performance reflects any applicable fee waivers or expense reimbursements.
2
  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.
 
Management of the Fund
Investment Adviser: Invesco Advisers, Inc.
 
         
Portfolio Managers   Title   Service Date
 
Jason Holzer   Senior Portfolio Manager (Lead)   1999
Clas Olsson   Senior Portfolio Manager (Lead)   1997
Matthew Dennis   Portfolio Manager   2003
Borge Endresen   Portfolio Manager   2002
Richard Nield   Portfolio Manager   2003
 
Purchase and Sale of Fund Shares
You may purchase, redeem or exchange shares of the Fund on any business day through your financial adviser, through our Web site at www.invesco.com, by mail to Invesco Aim Investment Services, Inc., P.O. Box 4739, Houston, Texas 77210-4739, or by telephone at 800-959-4246. Effective April 30, 2010, Invesco Aim Investment Services, Inc. will be known as Invesco Investment Services, Inc.
 
There are no minimum investments for Class R shares for Fund accounts. The minimum investments for Class A, B, C, Y and Investor Class shares for Fund accounts are as follows:
 
                 
    Initial Investment
 		  Additional Investments
Type of Account   Per Fund   Per Fund
 
Asset or fee-based accounts managed by your financial adviser     None       None  
Eligible employee benefit plans, SEP, SARSEP and SIMPLE IRA plans     None       None  
IRAs, Roth IRAs and Coverdell ESA accounts if the new investor is purchasing shares through a systematic purchase plan     $25       $25  
All other types of accounts if the investor is purchasing shares through a systematic purchase plan     50       50  
IRAs, Roth IRAs and Coverdell ESAs     250       25  
All other accounts     1,000       50  
 
Tax Information
The Fund’s distributions are generally taxable to you as either ordinary income, capital gains, or some combination of both, unless you are investing through a tax-deferred arrangement, such as a 401(k) plan or individual retirement account.
 
Payments to Broker-Dealers and Other Financial Intermediaries
If you purchase the Fund through a broker-dealer or other financial intermediary (such as a bank), the Fund and the Fund’s distributor or its related companies may pay the intermediary for the sale of Fund shares and related services. These payments may create a conflict of interest by influencing the broker-dealer or other intermediary and your salesperson or financial adviser to recommend the Fund over another investment. Ask your salesperson or financial adviser or visit your financial intermediary’s Web site for more information.
 
3        AIM European Growth Fund

 

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