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STATPRO-SUP-1
Statutory Prospectus Supplement dated June 5, 2019
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:
Invesco All Cap Market Neutral Fund
Invesco Alternative Strategies Fund
Invesco American Franchise Fund
Invesco American Value Fund
Invesco Asia Pacific Growth Fund
Invesco Balanced-Risk Allocation Fund
Invesco Balanced-Risk Commodity Strategy Fund
Invesco Balanced-Risk Retirement 2020 Fund
Invesco Balanced-Risk Retirement 2030 Fund
Invesco Balanced-Risk Retirement 2040 Fund
Invesco Balanced-Risk Retirement 2050 Fund
Invesco Balanced-Risk Retirement Now Fund
Invesco California Tax-Free Income Fund
Invesco Charter Fund
Invesco Comstock Fund
Invesco Conservative Allocation Fund
Invesco Conservative Income Fund
Invesco Convertible Securities Fund
Invesco Core Plus Bond Fund
Invesco Corporate Bond Fund
Invesco Developing Markets Fund
Invesco Diversified Dividend Fund
Invesco Dividend Income Fund
Invesco Emerging Markets Flexible Bond Fund
Invesco Emerging Markets Select Equity Fund
Invesco Endeavor Fund
Invesco Energy Fund
Invesco Equally-Weighted S&P 500 Fund
Invesco Equity and Income Fund
Invesco European Growth Fund
Invesco European Small Company Fund
Invesco Floating Rate Fund
Invesco Global Core Equity Fund
Invesco Global Growth Fund
Invesco Global Infrastructure Fund
Invesco Global Low Volatility Equity Yield Fund
Invesco Global Market Neutral Fund
Invesco Global Opportunities Fund
Invesco Global Real Estate Fund
Invesco Global Real Estate Income Fund
Invesco Global Responsibility Equity Fund
Invesco Global Small & Mid Cap Growth Fund
Invesco Global Targeted Returns Fund
Invesco Gold & Precious Metals Fund
Invesco Government Money Market Fund
Invesco Greater China Fund
Invesco Growth Allocation Fund
Invesco Growth and Income Fund
Invesco Health Care Fund
Invesco High Yield Fund
Invesco High Yield Municipal Fund
Invesco Income Allocation Fund
Invesco Income Fund
Invesco Intermediate Term Municipal Income Fund
Invesco International Allocation Fund
Invesco International Core Equity Fund
Invesco International Growth Fund
Invesco International Select Equity Fund
Invesco International Small Company Fund
Invesco Limited Term Municipal Income Fund
Invesco Long/Short Equity Fund
Invesco Low Volatility Emerging Markets Fund
Invesco Low Volatility Equity Yield Fund
Invesco Macro Allocation Strategy Fund
Invesco Mid Cap Core Equity Fund
Invesco Mid Cap Growth Fund
Invesco MLP Fund
Invesco Moderate Allocation Fund
Invesco Multi-Asset Income Fund
Invesco Multi-Asset Inflation Fund
Invesco Municipal Income Fund
Invesco New York Tax Free Income Fund
Invesco OFI Pictet Global Environmental Solutions Fund
Invesco Oppenheimer Capital Appreciation Fund
Invesco Oppenheimer Capital Income Fund
Invesco Oppenheimer Developing Markets Fund
Invesco Oppenheimer Discovery Fund
Invesco Oppenheimer Discovery Mid Cap Growth Fund
Invesco Oppenheimer Dividend Opportunity Fund
Invesco Oppenheimer Emerging Markets Innovators Fund
Invesco Oppenheimer Emerging Markets Local Debt Fund
Invesco Oppenheimer Equity Income Fund
Invesco Oppenheimer Fundamental Alternatives Fund
Invesco Oppenheimer Global Allocation Fund
Invesco Oppenheimer Global Focus Fund
Invesco Oppenheimer Global Fund
Invesco Oppenheimer Global High Yield Fund
Invesco Oppenheimer Global Multi-Asset Growth Fund
Invesco Oppenheimer Global Multi-Asset Income Fund
Invesco Oppenheimer Global Opportunities Fund
Invesco Oppenheimer Global Strategic Income Fund
Invesco Oppenheimer Global Unconstrained Bond Fund
Invesco Oppenheimer Gold & Special Minerals Fund
Invesco Oppenheimer Government Cash Reserves Fund
Invesco Oppenheimer Government Money Market Fund
Invesco Oppenheimer Intermediate Income Fund
Invesco Oppenheimer Intermediate Term Municipal Fund
Invesco Oppenheimer International Bond Fund
Invesco Oppenheimer International Diversified Fund
Invesco Oppenheimer International Equity Fund
Invesco Oppenheimer International Growth Fund
Invesco Oppenheimer International Small-Mid Company Fund
Invesco Oppenheimer Limited-Term Bond Fund
Invesco Oppenheimer Limited-Term Government Fund
Invesco Oppenheimer Macquarie Global Infrastructure Fund
Invesco Oppenheimer Main Street All Cap Fund®
Invesco Oppenheimer Main Street Fund®
Invesco
Oppenheimer Main Street Mid Cap Fund®
Invesco Oppenheimer Main
Street Small Cap Fund®
Invesco Oppenheimer Mid Cap Value Fund
Invesco Oppenheimer Municipal Fund
Invesco Oppenheimer Portfolio Series: Active Allocation Fund
Invesco Oppenheimer Portfolio Series: Conservative Investor Fund
Invesco Oppenheimer Portfolio Series: Growth Investor Fund
Invesco Oppenheimer Portfolio Series: Moderate Investor Fund
Invesco Oppenheimer Preferred Securities and Income Fund
Invesco Oppenheimer Real Estate Fund
Invesco Oppenheimer Rising Dividends Fund
Invesco Oppenheimer Rochester® AMT-Free Municipal Fund
Invesco
Oppenheimer Rochester® AMT-Free New York Municipal Fund
Invesco Oppenheimer Rochester® California Municipal Fund
Invesco Oppenheimer Rochester® High Yield Municipal Fund
Invesco Oppenheimer Rochester® Limited Term California Municipal Fund
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STATPRO-SUP-1
Invesco Oppenheimer
Rochester® Limited Term New York Municipal Fund
Invesco Oppenheimer Rochester® Municipals Fund
Invesco Oppenheimer Rochester® New Jersey Municipal Fund
Invesco Oppenheimer Rochester® Pennsylvania Municipal Fund
Invesco Oppenheimer Rochester® Short Duration High Yield Municipal Fund
Invesco Oppenheimer Senior Floating Rate Fund
Invesco Oppenheimer Senior Floating Rate Plus Fund
Invesco Oppenheimer Short Term Municipal Fund
Invesco Oppenheimer Small Cap Value Fund
Invesco Oppenheimer SteelPath MLP & Energy Infrastructure Fund
Invesco Oppenheimer SteelPath MLP Alpha Fund
Invesco Oppenheimer SteelPath MLP Alpha Plus Fund
Invesco Oppenheimer SteelPath MLP Income Fund
Invesco Oppenheimer SteelPath MLP Select 40 Fund
Invesco Oppenheimer SteelPath Panoramic Fund
Invesco Oppenheimer Total Return Bond Fund
Invesco Oppenheimer Ultra-Short Duration Fund
Invesco Oppenheimer Value Fund
Invesco Pacific Growth Fund
Invesco Peak RetirementTM 2015 Fund
Invesco Peak RetirementTM 2020 Fund
Invesco Peak RetirementTM 2025 Fund
Invesco Peak RetirementTM 2030 Fund
Invesco Peak RetirementTM 2035 Fund
Invesco Peak RetirementTM 2040 Fund
Invesco Peak RetirementTM 2045 Fund
Invesco Peak RetirementTM 2050 Fund
Invesco Peak RetirementTM 2055 Fund
Invesco Peak RetirementTM 2060 Fund
Invesco Peak RetirementTM 2065 Fund
Invesco Peak RetirementTM Now Fund
Invesco Pennsylvania Tax Free Income Fund
Invesco Premier Portfolio
Invesco Premier Tax-Exempt Portfolio
Invesco Premier U.S. Government Money Portfolio
Invesco Quality Income Fund
Invesco Real Estate Fund
Invesco S&P 500 Index Fund
Invesco Select Companies Fund
Invesco Select Opportunities Fund
Invesco Short Duration High Yield Municipal Fund
Invesco Short Duration Inflation Protected Fund
Invesco Short Term Bond Fund
Invesco Small Cap Discovery Fund
Invesco Small Cap Equity Fund
Invesco Small Cap Growth Fund
Invesco Small Cap Value Fund
Invesco Strategic Real Return Fund
Invesco Summit Fund
Invesco Tax-Exempt Cash Fund
Invesco Technology Fund
Invesco Technology Sector Fund
Invesco Value Opportunities Fund
Invesco World Bond Fund
The following information
replaces in its entirety the information regarding purchases made through a Raymond James platform or account under the heading Shareholder Account Information Initial Sales Charge (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 and each entitys affiliates (Raymond James) platform or account, or through an introducing broker-dealer or
independent registered investment adviser for which Raymond James provides trade execution, clearance, and/or custody services, 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.
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Front-end sales load waivers on Class A shares available at Raymond
James. |
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Shares purchased in an investment advisory program. |
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Shares purchased within the same fund family through a systematic reinvestment of capital gains and dividend
distributions. |
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Employees and registered representatives of Raymond James or its affiliates and their family members as
designated by Raymond James. |
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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). |
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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. |
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CDSC Waivers on Classes A and C shares available at Raymond James |
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Death or disability of the shareholder. |
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Shares sold as part of a systematic withdrawal plan as described in the funds prospectus.
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Return of excess contributions from an IRA Account. |
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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. |
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Shares sold to pay Raymond James fees but only if the transaction is initiated by Raymond James.
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Shares acquired through a right of reinstatement. |
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Front-end load discounts available at Raymond James: breakpoints, rights
of accumulation, and/or letters of intent |
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Breakpoints as described in this prospectus. |
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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. |
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Letters of intent which allow for breakpoint discounts based on anticipated purchases within a fund family, over
a 13-month time period. Eligible fund family assets not held at Raymond James may be included in the calculation of letters of intent only if the shareholder notifies his or her financial advisor about such
assets. |
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