STATPRO-SUP (Retail)
Statutory Prospectus Supplement dated December 21, 2018
The purpose of this supplement is to provide you with changes to the current Statutory Prospectuses for Class A, A2, AX, C, CX, P, R, S, Y, Invesco Cash Reserve and Investor Class shares (collectively, the Retail Classes) of the Funds, as applicable, listed below:
The following information is added at the end of Shareholder Account Information Initial Sales Charges (Class A Shares Only) Class A Shares Sold Without an Initial Sales Charge in the prospectus for each Fund:
Effective March 1, 2019, shareholders purchasing Fund shares through a Raymond James Financial Services, Inc. & Raymond James affiliates (Raymond James) platform or account will be eligible only for the following load waivers (front-end sales charge waivers and contingent deferred, or back-end, sales charge waivers) and discounts, which may differ from those disclosed elsewhere in this Funds prospectus or SAI.
| Front-end sales load waivers on Class A shares available at Raymond James. |
| Shares purchased in an investment advisory program. |
| Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family). |
| Employees and registered representatives of Raymond James or its affiliates and their family members as designated by Raymond James. |
| Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement). |
STATPRO-SUP (Retail)
| A shareholder in the Funds Class C shares will have their shares converted at net asset value to Class A shares (or the appropriate share class) of the Fund if the shares are no longer subject to a CDSC and the conversion is in line with the policies and procedures of Raymond James. |
| CDSC Waivers on Classes A and C shares available at Raymond James |
| Death or disability of the shareholder. |
| Shares sold as part of a systematic withdrawal plan as described in the funds prospectus. |
| Return of excess contributions from an IRA Account. |
| Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching age 701⁄2 as described in the funds prospectus. |
| Shares sold to pay Raymond James fees but only if the transaction is initiated by Raymond James. |
| Shares acquired through a right of reinstatement. |
| Front-end load discounts available at Raymond James: breakpoints, and/or rights of accumulation |
| Breakpoints as described in this prospectus. |
| Rights of accumulation which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchasers household at Raymond James. Eligible fund family assets not held at Raymond James may be included in the rights of accumulation calculation only if the shareholder notifies his or her financial advisor about such assets. |
The Funds may terminate or amend the terms of these waivers or discounts at any time.
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