Invesco-SUP-GBL
Summary and Statutory Prospectus Supplement dated August 10, 2018
The purpose of this supplement is to provide you with changes to the current Summary and Statutory Prospectuses for Class C and Class CX shares, as applicable, of the Funds listed below:
Invesco All Cap Market Neutral Fund |
Invesco Global Low Volatility Equity Yield Fund |
Invesco Multi-Asset Inflation Fund | ||
Invesco Alternative Strategies Fund |
Invesco Global Market Neutral Fund |
Invesco Municipal Income Fund | ||
Invesco American Franchise Fund |
Invesco Global Opportunities Fund |
Invesco New York Tax Free Income Fund | ||
Invesco American Value Fund |
Invesco Global Real Estate Fund |
Invesco Pacific Growth Fund | ||
Invesco Asia Pacific Growth Fund |
Invesco Global Real Estate Income Fund |
Invesco Peak RetirementTM 2015 Fund | ||
Invesco Balanced-Risk Allocation Fund |
Invesco Global Responsibility Equity Fund |
Invesco Peak RetirementTM 2020 Fund | ||
Invesco Balanced-Risk Commodity Strategy Fund |
Invesco Global Small & Mid Cap Growth Fund |
Invesco Peak RetirementTM 2025 Fund | ||
Invesco Balanced-Risk Retirement 2020 Fund |
Invesco Global Targeted Returns Fund |
Invesco Peak RetirementTM 2030 Fund | ||
Invesco Balanced-Risk Retirement 2030 Fund |
Invesco Gold & Precious Metals Fund |
Invesco Peak RetirementTM 2035 Fund | ||
Invesco Balanced-Risk Retirement 2040 Fund |
Invesco Government Money Market Fund |
Invesco Peak RetirementTM 2040 Fund | ||
Invesco Balanced-Risk Retirement 2050 Fund |
Invesco Greater China Fund |
Invesco Peak RetirementTM 2045 Fund | ||
Invesco Balanced-Risk Retirement Now Fund |
Invesco Growth Allocation Fund |
Invesco Peak RetirementTM 2050 Fund | ||
Invesco California Tax-Free Income Fund |
Invesco Growth and Income Fund |
Invesco Peak RetirementTM 2055 Fund | ||
Invesco Charter Fund |
Invesco Health Care Fund |
Invesco Peak RetirementTM 2060 Fund | ||
Invesco Comstock Fund |
Invesco High Yield Fund |
Invesco Peak RetirementTM 2065 Fund | ||
Invesco Conservative Allocation Fund |
Invesco High Yield Municipal Fund |
Invesco Peak RetirementTM Now Fund | ||
Invesco Convertible Securities Fund |
Invesco Income Fund |
Invesco Pennsylvania Tax Free Income Fund | ||
Invesco Core Plus Bond Fund |
Invesco Income Allocation Fund |
Invesco Quality Income Fund | ||
Invesco Corporate Bond Fund |
Invesco Intermediate Term Municipal |
Invesco Real Estate Fund | ||
Invesco Developing Markets Fund |
Invesco International Allocation Fund |
Invesco S&P 500 Index Fund | ||
Invesco Diversified Dividend Fund |
Invesco International Companies Fund |
Invesco Select Companies Fund | ||
Invesco Dividend Income Fund |
Invesco International Core Equity Fund |
Invesco Select Opportunities Fund | ||
Invesco Emerging Markets Equity Fund |
Invesco International Growth Fund |
Invesco Short Duration High Yield Municipal Fund | ||
Invesco Emerging Markets Flexible Bond Fund |
Invesco International Small Company Fund |
Invesco Short Term Bond Fund | ||
Invesco Endeavor Fund |
Invesco Limited Term Municipal Income Fund |
Invesco Small Cap Discovery Fund | ||
Invesco Energy Fund |
Invesco Long/Short Equity Fund |
Invesco Small Cap Equity Fund | ||
Invesco Equally-Weighted S&P 500 Fund |
Invesco Low Volatility Emerging Markets Fund |
Invesco Small Cap Growth Fund | ||
Invesco Equity and Income Fund |
Invesco Low Volatility Equity Yield Fund |
Invesco Small Cap Value Fund | ||
Invesco European Growth Fund |
Invesco MLP Fund |
Invesco Strategic Real Return Fund | ||
Invesco European Small Company Fund |
Invesco Macro Allocation Strategy Fund |
Invesco Summit Fund | ||
Invesco Floating Rate Fund |
Invesco Mid Cap Core Equity Fund |
Invesco Technology Fund | ||
Invesco Global Core Equity Fund |
Invesco Mid Cap Growth Fund |
Invesco Technology Sector Fund | ||
Invesco Global Growth Fund |
Invesco Moderate Allocation Fund |
Invesco Value Opportunities Fund | ||
Invesco Global Infrastructure Fund |
Invesco Multi-Asset Income Fund |
Invesco World Bond Fund |
At a telephonic meeting held on July 30, 2018, the Funds Boards of Trustees approved a modification to the terms of the Funds Class C and Class CX shares, whereby in the month of the ten year anniversary of the purchase date of a Funds Class C or Class CX shares, such shares would become eligible for automatic conversion into Class A or Class AX shares of the same Fund at net asset value, respectively, except that for the Invesco Government Money Market Fund, the Funds Class C and Class CX shares would be eligible to automatically convert into the Funds Invesco Cash Reserve Share Class at net asset value (the Conversion Feature). The Conversion Feature will become effective on or about January 26, 2019.
No contingent deferred sales charges will be payable in connection with any automatic conversion occurring as a result of the Conversion Feature. Automatic conversions pursuant to the Conversion Feature will constitute tax-free exchanges for federal income tax purposes, and should not result in the recognition of a gain or loss by converting shareholders, although each shareholder should consult with his or her own tax advisor regarding the state and local tax consequences of such conversions. The following information is added under the heading Shareholder Account InformationShare Class Conversions in the prospectus for each Fund:
Invesco-SUP-GBL
Automatic Conversion of Class C and Class CX Shares
Effective on or about January 26, 2019, Class C and Class CX shares held for ten years after purchase are eligible for automatic conversion into Class A and Class AX shares of the same Fund, respectively, except that for the Invesco Government Money Market Fund, the Funds Class C and Class CX shares would be eligible to automatically convert into the Funds Invesco Cash Reserve Share Class (the Conversion Feature). The automatic conversion pursuant to the Conversion Feature will generally occur on the 26th day of each month or, if the 26th day is not a business day, on the next business day (each, a Conversion Date). If the tenth anniversary after a purchase of Class C or Class CX shares falls on a Conversion Date, a shareholders Class C or Class CX shares will be automatically converted on that date. If the tenth anniversary occurs between Conversion Dates, a shareholders Class C or Class CX shares will be automatically converted on the next Conversion Date after such anniversary.
Automatic conversions pursuant to the Conversion Feature will be on the basis of the NAV per share, without the imposition of any sales charge (including a CDSC), fee or other charge. All such automatic conversions of Class C and Class CX shares will constitute tax-free exchanges for federal income tax purposes.
Class C and Class CX shares of a Fund acquired through a reinvestment of dividends and distributions will convert to Class A and Class AX shares, respectively, of the Fund (or Invesco Cash Reserve shares for Invesco Government Money Market Fund) on the Conversion Date pro rata with the converting Class C and Class CX shares of that Fund that were not acquired through reinvestment.of dividends and distributions.
Class C or Class CX shares held through a financial intermediary in existing omnibus Employer Sponsored Retirement and Benefit Plans and other omnibus accounts may be converted pursuant to the Conversion Feature by the financial intermediary once it is determined that the Class C or Class CX shares have been held for the required holding period. It is the financial intermediarys (and not the Funds) responsibility to keep records and to ensure that the shareholder is credited with the proper holding period as the Fund and its agents may not have transparency into how long a shareholder has held Class C or Class CX shares for purposes of determining whether such Class C or Class CX shares are eligible to automatically convert pursuant to the Conversion Feature. In order to determine eligibility for automatic conversion in these circumstances, it is the responsibility of the shareholder or their financial intermediary to determine that the shareholder is eligible to exercise the Conversion Feature, and the shareholder or their financial intermediary may be required to maintain records that substantiate the holding period of Class C or Class CX shares.
In addition, a financial intermediary may sponsor and/or control programs or platforms that impose a different conversion schedule or eligibility requirements for conversions of Class C or Class CX shares. In these cases, Class C and Class CX shares of certain shareholders may not be eligible for automatic conversion pursuant to the Conversion Feature as described above. The Fund has no responsibility for overseeing, monitoring or implementing a financial intermediarys process for determining whether a shareholder meets the required holding period for automatic conversion. Please consult with your financial intermediary if you have any questions regarding the Conversion Feature.
Invesco-SUP-GBL