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Summary Prospectus
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March 3, 2011
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Invesco
Global Growth Fund
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Institutional Class: (GGAIX)
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Before you invest, you may want to review the Funds
prospectus, which contains more information about the Fund and
its risks. You can find the Funds prospectus and other
information about the Fund online at www.invesco.com/prospectus.
You can also get this information at no cost by calling
(800) 659-1005
or by sending an
e-mail
request to ProspectusRequest@invesco.com. The Funds
prospectus and statement of additional information, both dated
March 3, 2011, 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 Funds 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.
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Shareholder Fees (fees paid directly from your
investment)
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Class:
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Institutional
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Maximum Sales Charge (Load) Imposed on Purchases (as a
percentage of offering price)
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None
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Maximum Deferred Sales Charge (Load) (as a percentage of
original purchase price or redemption proceeds, whichever is
less)
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None
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Redemption/Exchange Fee (as a percentage of amount
redeemed/exchanged within 31 days of purchase)
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2.00
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%
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Annual Fund Operating Expenses (expenses that you pay
each year as a percentage of the value of your
investment)
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Class:
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Institutional
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Management Fees
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0.80
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%
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Distribution and/or Service
(12b-1) Fees
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None
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Other Expenses
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0.28
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Total Annual Fund Operating Expenses
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1.08
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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 $10,000 in the Fund for the
time periods indicated and then redeem all of your
shares at the end of those periods. The Example also
assumes that your investment has a 5% return each year and that
the Funds operating expenses remain the same.
Although your actual costs may be higher or lower, based on
these assumptions, your costs would be:
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1 Year
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3 Years
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5 Years
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10 Years
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Institutional Class
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$
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110
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$
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343
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$
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595
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$
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1,317
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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 Funds
performance. During the most recent fiscal year, the Funds
portfolio turnover rate was 41% of the average value of its
portfolio.
Principal
Investment Strategies of the Fund
The Fund invests primarily in equity securities of domestic and
foreign issuers.
The Fund invests, under normal circumstances, in issuers located
in at least three countries, including the U.S.
The Fund invests primarily in the securities of medium- and
large-sized growth issuers.
The Fund considers a company to be a mid-capitalization company
if it has a market capitalization, at the time of purchase,
within the range of the largest and smallest capitalized
companies included in the Russell
Midcap®
Index during the most recent 11 month period (based on
month end data) plus the most recent data during the current
month.
The Fund considers a company to be a large-capitalization
company if it has a market capitalization, at the time of
purchase, within the range of the largest and smallest
capitalized companies included in the Russell
1000®
Index during the most recent 11 month period (based on
month end data) plus the most recent data during the current
month.
The Fund will normally maintain at least 20% of its total assets
in U.S. dollar-denominated securities. The Fund emphasizes
investment in issuers in developed countries such as the United
States, the countries of Western Europe and certain countries in
the Pacific Basin. As of October 31, 2010, the principal
countries in which the Fund invested were the United States, the
United Kingdom, Germany, Switzerland and Japan. The Fund may
also invest up to 20% of its total assets in issuers located in
developing countries, i.e., those that are identified as in the
initial stages of their industrial cycles.
The Fund invests primarily in equity securities of domestic and
foreign issuers that are considered by the Funds portfolio
managers to have strong earnings growth.
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
1 Invesco
Global Growth Fund
GLG-SUMPRO-2
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 Funds 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
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:
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, the
introduction of capital controls, withholding taxes,
nationalization of private assets, expropriation, social unrest,
war or lack of timely information than those in developed
countries.
Foreign Securities Risk. The Funds foreign
investments may be affected by changes in a foreign
countrys 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 Funds portfolio managers may not
produce the desired results.
Market Risk. The prices of and the income generated by
the Funds 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 Funds
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 the Fund. The Funds past performance (before
and after taxes) is not necessarily an indication of its future
performance. Updated performance information is available on the
Funds Web site at www.invesco.com/us.
Best Quarter (ended June 30, 2009): 16.43%
Worst Quarter (ended December 31, 2008): -18.45%
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Average Annual Total Returns (for the periods ended
December 31, 2010)
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1
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5
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10
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Year
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Years
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Years
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Institutional
Class1:
Inception (09/28/07)
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Before Taxes
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12.05
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%
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3.82
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1.02
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%
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After Taxes on Distributions
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11.86
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3.68
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0.94
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Return After Taxes on Distributions and Sale of Fund Shares
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8.08
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3.29
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0.88
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MSCI World
IndexSM
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11.76
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2.43
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2.31
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MSCI World Growth Index
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14.50
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3.49
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1.77
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Lipper Global Large-Cap Growth Funds Index
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13.35
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3.19
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0.78
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1
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Institutional 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. The inception date of the
Funds Class A shares is September 15, 1994.
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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 investors 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.
Management
of the Fund
Investment Adviser: Invesco Advisers, Inc.
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Portfolio Managers
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Title
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Length of Service on the Fund
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Matthew Dennis
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Portfolio Manager (lead)
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2003
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Robert Lloyd
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Portfolio Manager (lead)
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2008
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Barrett Sides
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Portfolio Manager (lead)
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1999
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Clas Olsson
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Portfolio Manager
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1997
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Purchase
and Sale of Fund Shares
You may purchase, redeem or exchange shares of the Fund on any
business day through your financial adviser or by telephone at
800-659-1005.
The minimum investments for Institutional Class shares for fund
accounts are as follows:
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Initial Investment
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Additional Investments
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Type of Account
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Per Fund
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Per Fund
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Defined Contribution Plan (for which sponsor has
$100 million in combined defined contribution and defined
benefit assets)
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$0
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$0
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Defined Contribution Plan (for which a sponsor has less than
$100 million in combined defined contribution and defined
benefit assets)
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$10 Million
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$0
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Banks, trust companies and certain other financial intermediaries
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$10 Million
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$0
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Financial intermediaries and other corporations acting for their
own accounts
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$1 Million
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$0
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Foundations or Endowments
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$1 Million
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$0
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Other institutional investors
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$1 Million
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$0
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Defined Benefit Plan
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$0
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$0
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2 Invesco
Global Growth Fund
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Initial Investment
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Additional Investments
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Type of Account
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Per Fund
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Per Fund
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Pooled investment vehicles (e.g., Funds of Funds)
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$0
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$0
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Tax
Information
The Funds distributions generally are taxable to you as
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
Funds 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 intermediarys Web site for more information.
3 Invesco
Global Growth Fund
invesco.com/us GLG-SUMPRO-2