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Summary Prospectus
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February 28,
2013
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Invesco Pacific Growth
Fund
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Class: A (TGRAX),
B (TGRBX), C (TGRCX), R (TGRRX), Y (TGRDX)
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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.invesco.com/prospectus.
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 28, 2013, 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(s)
The Fund’s investment objective is to 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 $50,000 in the 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).
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Shareholder Fees
(fees paid directly from your
investment)
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Class:
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A
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B
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C
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R
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Y
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Maximum Sales Charge (Load) Imposed on Purchases (as a
percentage of offering price)
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5.50
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%
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None
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None
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None
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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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5.00
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%
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1.00
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%
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None
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None
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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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A
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B
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C
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R
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Y
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Management Fees
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0.87
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%
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0.87
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%
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0.87
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%
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0.87
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%
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0.87
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%
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Distribution
and/or
Service (12b-1) Fees
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0.24
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1.00
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0.91
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0.50
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None
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Other Expenses
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0.68
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0.68
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0.68
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0.68
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0.68
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Total Annual Fund Operating Expenses
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1.79
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2.55
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2.46
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2.05
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1.55
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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 $10,000 in the Fund for the
time periods indicated and then redeem all of your shares at the
end of those periods. The Example also assumes that your
investment has a 5% return each year and that the Fund’s
operating expenses remain the same. Although your actual costs
may be higher or lower, based on these assumptions your costs
would be:
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1 Year
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3 Years
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5 Years
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10 Years
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Class A
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$
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722
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$
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1,082
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$
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1,466
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$
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2,539
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Class B
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$
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758
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$
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1,093
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$
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1,555
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$
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2,700
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Class C
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$
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349
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$
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767
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$
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1,311
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$
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2,796
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Class R
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$
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208
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$
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643
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$
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1,103
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$
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2,379
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Class Y
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$
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158
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$
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490
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$
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845
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$
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1,845
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You would pay the following expenses if you did not redeem your
shares:
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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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Class A
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$
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722
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$
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1,082
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$
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1,466
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$
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2,539
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Class B
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$
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258
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$
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793
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$
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1,355
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$
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2,700
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Class C
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$
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249
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$
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767
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$
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1,311
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$
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2,796
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Class R
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$
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208
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$
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643
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$
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1,103
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$
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2,379
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Class Y
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$
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158
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$
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490
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$
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845
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$
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1,845
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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 Fund’s
performance. During the most recent fiscal year, the Fund’s
portfolio turnover rate was 101% of the average value of the
portfolio.
Principal
Investment Strategies of the Fund
The Fund will normally invest at least 80% of its net assets
(plus any borrowings for investment purposes) in common stocks
(including depositary receipts) and preferred stocks of
companies which have a principal place of business in, or which
derive a majority of their revenues from business in, Asia,
Australia or New Zealand (including emerging market or
developing countries). Effective on April 29, 2013, the
previous sentence will be replaced with the following: The Fund
invests, under normal circumstances, at least 80% of its net
assets (plus any borrowings for investment purposes) in
securities of issuers in the Pacific region, and in other
instruments that have economic characteristics similar to such
securities. The Fund uses various criteria to determine whether
an issuer is in the Pacific region, including whether
(1) it is organized under the laws of a country in the
Pacific region, (2) it has a principal office in a country
in the Pacific region, (3) it derives 50% or more of its
total revenues from
1 Invesco
Pacific Growth Fund
MS-PGRO-SUMPRO-1
business in a country in the Pacific region, or (4) its
securities are trading principally on a security exchange, or in
an
over-the-counter
market, in a country in the Pacific region.
The Fund invests primarily in equity securities and depositary
receipts. The principal types of equity securities in which the
Fund invests are common and preferred stocks.
The Fund invests primarily in securities of issuers that are
considered by the Fund’s portfolio managers to have
potential for earnings or revenue growth.
The Fund may invest in the securities of issuers of all
capitalization sizes; however, the Fund may invest a significant
amount of its net assets in the securities of small- and
mid-capitalization issuers.
The Fund may also invest up to 100% of its net assets in foreign
securities, including securities of issuers located in emerging
markets countries, i.e., those that are in the initial stages of
their industrial cycles.
The Fund seeks to benefit from the distinct investment
approaches of two investment teams—one that manages stock
selection in Asia Pacific region issuers (excluding Japan) and
one that is responsible for stock decisions in Japanese issuers.
The process of the investment team that manages investments in
Asia Pacific region issuers (excluding Japanese) investments
combines a disciplined
bottom-up
and top-down multifactor analysis. Regional exposure within the
Fund is constructed using a subset of country model portfolios.
Country specialists are responsible for selecting stocks within
a country based on proprietary research and analysis. The
country weightings within the Fund reflect both
bottom-up
opportunities and top-down country preferences.
The process of the investment team that manages Japanese
investments consists of
bottom-up
stock selection and portfolio construction. Starting with the
stocks listed on the Tokyo Stock Exchange First Section, the
team uses liquidity and a valuation screen to focus on the least
expensive quartile group based on
price-to-earnings,
price-to-book
or
price-to-cash
flow. They then use a fundamentals screening process to narrow
the results down to a small group of names. Next, they conduct
in-depth research, including company visits and management
interviews, to define the potential value and growth opportunity
of companies from a long-term perspective. When choosing a stock
and deciding its weighting, the team’s confidence level,
relative valuation and liquidity are key considerations. In
portfolio construction, the team also emphasizes portfolio
balance, creating diversification among different types of
undervalued securities based on the team’s value definition.
Both investment teams consider selling a Fund holding if:
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n
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They believe the stock is trading significantly above its fair
value.
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n
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They believe a stock has negative earnings momentum or
sequential earnings downgrades, unless its valuation is already
very low or distressed.
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n
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They see a permanent, fundamental deterioration in a
company’s business prospects.
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n
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They identify a more attractive investment opportunity elsewhere.
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In attempting to meet its investment objective, the Fund may
engage in active and frequent trading of portfolio securities.
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 government 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:
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.
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.
Developing/Emerging Markets Securities Risk.
Securities
issued by foreign companies and governments located in
developing/emerging
markets 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.
Geographic Focus Risk.
From time to time the Fund may
invest a substantial amount of its assets in securities of
issuers located in a single country or a limited number of
countries. If the Fund focuses its investments in this manner,
it assumes the risk that economic, political and social
conditions in those countries will have a significant impact on
its investment performance. The Fund’s investment
performance may also be more volatile if it focuses its
investments in certain countries, especially emerging markets
countries.
Small- and Mid-Sized Capitalization Risk.
Stocks of
small- and
mid-sized
companies tend to be more vulnerable to adverse developments in
the above factors 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 may be affected by changes in a 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.
Depositary Receipts Risk.
Depositary receipts involve
many of the same risks as those associated with direct
investments in foreign securities. In addition, the underlying
issuers of certain depositary receipts, particularly unsponsored
or unregistered depositary receipts, are under no obligation to
distribute shareholder communications to the holders of such
receipts, or to pass through to them any voting rights with
respect to the deposited securities.
Management Risk.
The investment techniques and risk
analysis used by the Fund’s portfolio managers may not
produce the desired results.
Active Trading Risk.
The Fund engages in frequent trading
of portfolio securities. Active trading results in added
expenses and may result in a lower return and increased tax
liability.
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 Fund’s
performance to that of a broad-based securities market
benchmark, style specific benchmarks and a peer group benchmark
comprised of funds with investment objectives and strategies
similar to the Fund. The Fund’s and Morgan Stanley Pacific
Growth Fund Inc.’s (the predecessor fund’s) past
performance (before and after taxes) is not necessarily an
indication of its future performance.
The returns shown prior to June 1, 2010 are those of the
Class A, Class B, Class C, Class I and
Class R shares of the predecessor fund. The predecessor
fund was advised by Morgan Stanley Investment Advisors Inc.
Class A, Class B, Class C, Class I,
Class R and Class W shares of the predecessor fund
were reorganized into Class A, Class B, Class C,
Class Y, Class R and Class A shares,
respectively, of the Fund on June 1, 2010. Class A,
Class B, Class C, Class R and Class Y
shares’ returns of the Fund will be different from the
predecessor fund as they have different expenses. Predecessor
fund performance for Class A and Class B shares has
been restated to reflect the Fund’s applicable sales
charge. Performance for
2 Invesco
Pacific Growth Fund
Class B shares assumes conversion to Class A shares
eight years after the start of the performance period.
Updated performance information is available on the Fund’s
Web site at www.invesco.com/us.
Annual Total
Returns
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): 27.87%
Worst Quarter (ended September 30, 2008): -20.81%
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Average Annual Total Returns
(for the periods ended
December 31, 2012)
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1
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5
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10
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Since
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Year
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Years
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Years
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Inception
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Class A shares: Inception (07/28/1997)
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8.25
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%
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-4.29
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%
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9.35
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%
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—
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Class B shares: Inception (11/30/1990)
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Return Before Taxes
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8.68
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-4.30
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9.25
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—
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Return After Taxes on Distributions
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8.68
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-4.24
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9.27
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—
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Return After Taxes on Distributions and Sale of Fund Shares
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5.64
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-3.51
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8.30
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—
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Class C shares: Inception (07/28/1997)
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12.77
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-3.87
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9.14
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—
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Class R shares: Inception (03/31/2008)
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14.25
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—
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—
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-1.30
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%
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Class Y shares: Inception (07/28/1997)
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14.82
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-2.93
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10.23
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—
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MSCI
EAFE
®
Index
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17.32
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-3.69
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8.21
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—
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MSCI All Country Asia Pacific
Index
1
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16.78
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-1.48
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9.73
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—
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Custom Pacific Growth Index (reflects no deductions for fees,
expenses or
taxes)
1
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15.69
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10.59
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10.69
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—
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Lipper Pacific Region Funds Index
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21.50
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-0.23
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11.15
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—
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1
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The Fund has elected to use the MSCI All Country Asia Pacific
Index to represent its style specific benchmark rather than the
Custom Pacific Growth Index because the MSCI All Country Asia
Pacific Index more closely reflects the performance of the types
of securities in which the Fund invests.
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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 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 B shares
only and after-tax returns for other classes will vary.
Management
of the Fund
Investment Adviser: Invesco Advisers, Inc. (the Adviser).
Investment
Sub-Advisers:
Invesco Asset Management (Japan) Limited and Invesco Hong Kong
Limited.
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Length of Service
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Portfolio Managers
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Title
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on the Fund
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Paul Chan
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Portfolio Manager
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2010
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Daiji Ozawa
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Portfolio Manager
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2010
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Kunihiko Sugio
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Portfolio Manager
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2010 (predecessor fund 1998
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)
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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, through our Web
site at www.invesco.com/us., by mail to Invesco Investment
Services, Inc., P.O. Box 219078, Kansas City,
MO 64121-9078,
or by telephone at
800-959-4246.
There are no minimum investments for Class R shares for
fund accounts. New or additional investments in Class B
shares are not permitted. The minimum investments for
Class A, C and Y 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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Asset or fee-based accounts managed by your financial adviser
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None
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None
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Employer Sponsored Retirement and Benefit Plans and Employer
Sponsored IRAs
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None
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None
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IRAs and Coverdell ESAs accounts if the new investor is
purchasing shares through a systematic purchase plan
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$25
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$25
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All other types of accounts if the investor is purchasing shares
through a systematic purchase plan
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50
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50
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IRAs and Coverdell ESAs
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250
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25
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All other accounts
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1,000
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50
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Tax
Information
The Fund’s 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
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 Invesco
Pacific Growth Fund
invesco.com/us
MS-PGRO-SUMPRO-1
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Summary Prospectus
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February 28,
2013
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Invesco Pacific Growth
Fund
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Class: R5 (TGRSX)
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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.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 Fund’s
prospectus and statement of additional information, both dated
February 28, 2013, 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 Institutional Class 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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R5
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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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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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R5
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Management Fees
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0.87
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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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0.50
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Total Annual Fund Operating Expenses
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1.37
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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 $10,000 in the Fund for the
time periods indicated and then redeem all of your shares at the
end of those periods. The Example also assumes that your
investment has a 5% return each year and that the Fund’s
operating expenses remain the same. Although your actual costs
may be higher or lower, based on these assumptions your costs
would be:
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1 Year
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3 Years
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5 Years
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10 Years
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Class R5
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$
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139
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$
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434
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$
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750
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$
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1,646
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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 Fund’s
performance. During the most recent fiscal year, the Fund’s
portfolio turnover rate was 101% of the average value of the
portfolio.
Principal
Investment Strategies of the Fund
The Fund will normally invest at least 80% of its net assets
(plus any borrowings for investment purposes) in common stocks
(including depositary receipts) and preferred stocks of
companies which have a principal place of business in, or which
derive a majority of their revenues from business in, Asia,
Australia or New Zealand (including emerging market or
developing countries). Effective on April 29, 2013, the
previous sentence will be replaced with the following: The Fund
invests, under normal circumstances, at least 80% of its net
assets (plus any borrowings for investment purposes) in
securities of issuers in the Pacific region, and in other
instruments that have economic characteristics similar to such
securities. The Fund uses various criteria to determine whether
an issuer is in the Pacific region, including whether
(1) it is organized under the laws of a country in the
Pacific region, (2) it has a principal office in a country
in the Pacific region, (3) it derives 50% or more of its
total revenues from business in a country in the Pacific region,
or (4) its securities are trading principally on a security
exchange, or in an over-the-counter market, in a country in the
Pacific region.
The Fund invests primarily in equity securities and depositary
receipts. The principal types of equity securities in which the
Fund invests are common and preferred stocks.
The Fund invests primarily in securities of issuers that are
considered by the Fund’s portfolio managers to have
potential for earnings or revenue growth.
The Fund may invest in the securities of issuers of all
capitalization sizes; however, the Fund may invest a significant
amount of its net assets in the securities of small- and
mid-capitalization issuers.
The Fund may also invest up to 100% of its net assets in foreign
securities, including securities of issuers located in emerging
markets countries, i.e., those that are in the initial stages of
their industrial cycles.
The Fund seeks to benefit from the distinct investment
approaches of two investment teams—one that manages stock
selection in Asia Pacific region issuers (excluding Japan) and
one that is responsible for stock decisions in Japanese issuers.
The process of the investment team that manages investments in
Asia Pacific region issuers (excluding Japanese) investments
combines a disciplined
bottom-up
and top-down multifactor analysis. Regional exposure within the
Fund is constructed using a subset of country model portfolios.
Country specialists are responsible for selecting stocks within
a country based on proprietary research and analysis. The
country weightings within the Fund reflect both
bottom-up
opportunities and top-down country preferences.
The process of the investment team that manages Japanese
investments consists of
bottom-up
stock selection and portfolio construction. Starting
1 Invesco
Pacific Growth Fund
MS-PGRO-SUMPRO-2
with the stocks listed on the Tokyo Stock Exchange First
Section, the team uses liquidity and a valuation screen to focus
on the least expensive quartile group based on
price-to-earnings,
price-to-book
or
price-to-cash
flow. They then use a fundamentals screening process to narrow
the results down to a small group of names. Next, they conduct
in-depth research, including company visits and management
interviews, to define the potential value and growth opportunity
of companies from a long-term perspective. When choosing a stock
and deciding its weighting, the team’s confidence level,
relative valuation and liquidity are key considerations. In
portfolio construction, the team also emphasizes portfolio
balance, creating diversification among different types of
undervalued securities based on the team’s value definition.
Both investment teams consider selling a Fund holding if:
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n
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They believe the stock is trading significantly above its fair
value.
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n
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They believe a stock has negative earnings momentum or
sequential earnings downgrades, unless its valuation is already
very low or distressed.
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n
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They see a permanent, fundamental deterioration in a
company’s business prospects.
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n
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They identify a more attractive investment opportunity elsewhere.
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In attempting to meet its investment objective, the Fund may
engage in active and frequent trading of portfolio securities.
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 government 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:
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.
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.
Developing/Emerging Markets Securities Risk.
Securities
issued by foreign companies and governments located in
developing/emerging markets 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.
Geographic Focus Risk.
From time to time the Fund may
invest a substantial amount of its assets in securities of
issuers located in a single country or a limited number of
countries. If the Fund focuses its investments in this manner,
it assumes the risk that economic, political and social
conditions in those countries will have a significant impact on
its investment performance. The Fund’s investment
performance may also be more volatile if it focuses its
investments in certain countries, especially emerging markets
countries.
Small- and Mid-Sized Capitalization Risk.
Stocks of
small- and
mid-sized
companies tend to be more vulnerable to adverse developments in
the above factors 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 may be affected by changes in a 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.
Depositary Receipts Risk.
Depositary receipts involve
many of the same risks as those associated with direct
investments in foreign securities. In addition, the underlying
issuers of certain depositary receipts, particularly unsponsored
or unregistered depositary receipts, are under no obligation to
distribute shareholder communications to the holders of such
receipts, or to pass through to them any voting rights with
respect to the deposited securities.
Management Risk.
The investment techniques and risk
analysis used by the Fund’s portfolio managers may not
produce the desired results.
Active Trading Risk.
The Fund engages in frequent trading
of portfolio securities. Active trading results in added
expenses and may result in a lower return and increased tax
liability.
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 Fund’s
performance to that of a broad-based securities market
benchmark, style specific benchmarks and a peer group benchmark
comprised of funds with investment objectives and strategies
similar to the Fund. The Fund’s and the Morgan Stanley
Pacific Growth Fund Inc.’s (the predecessor fund’s)
past performance (before and after taxes) is not necessarily an
indication of its future performance.
Updated performance information is available on the Fund’s
Web site at www.invesco.com/us.
Annual Total
Returns
Best Quarter (ended March 31, 2012): 10.98%
Worst Quarter (ended June 30, 2012): -7.29%
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Average Annual Total Returns
(for the periods ended
December 31, 2012)
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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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Class R5
shares
1
:
Inception (05/23/2011)
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Return Before Taxes
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15.04
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%
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-3.06
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%
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10.05
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%
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Return After Taxes on Distributions
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14.91
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-3.09
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10.03
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Return After Taxes on Distributions and Sale of Fund Shares
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9.94
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-2.48
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9.05
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MSCI
EAFE
®
Index
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17.32
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-3.69
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8.21
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MSCI All Country Asia Pacific
Index
2
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16.78
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-1.48
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9.73
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Custom Pacific Growth Index (reflects no deductions for fees,
expenses or
taxes)
2
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15.69
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10.59
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10.69
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Lipper Pacific Region Funds Index
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21.50
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-0.23
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11.15
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1
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Class R5 shares’ performance shown prior to the inception
date is that of the Fund’s (and the predecessor
fund’s) Class A shares and includes the
12b-1
fees
applicable to Class A shares. Class A shares’
performance reflects any applicable fee waiver
and/or
expense reimbursement. The inception date of the predecessor
fund’s Class A shares is July 28, 1997.
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2
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The Fund has elected to use the MSCI All Country Asia Pacific
Index to represent its style specific benchmark rather than the
Custom Pacific Growth Index because the MSCI All Country Asia
Pacific Index more closely reflects the performance of the types
of securities in which the Fund invests.
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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 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.
2 Invesco
Pacific Growth Fund
Management
of the Fund
Investment Adviser: Invesco Advisers, Inc. (the Adviser).
Investment
Sub-Advisers:
Invesco Asset Management (Japan) Limited and Invesco Hong Kong
Limited
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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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Paul Chan
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Portfolio Manager
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2010
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Daiji Ozawa
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Portfolio Manager
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2010
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Kunihiko Sugio
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Portfolio Manager
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2010 (predecessor fund 1998)
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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.
There is no minimum initial investment for (i) a defined
contribution plan with at least $100 million of combined
defined contribution and defined benefit plan assets, or
(ii) Employer Sponsored Retirement and Benefit Plans
investing through a retirement platform that administers at
least $2.5 billion in retirement plan assets and trades
multiple plans through an omnibus account. All other Employer
Sponsored Retirement and Benefit Plans must meet a minimum
initial investment of at least $1 million in each Fund in
which it invests.
The minimum initial investment for all other institutional
investors is $10 million, unless such investment is made by
an investment company, as defined under the Investment Company
Act of 1940, as amended (1940 Act), that is part of a family of
investment companies which own in the aggregate at least
$100 million in securities, in which case there is no
minimum initial investment.
Tax
Information
The Fund’s 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
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 Invesco
Pacific Growth Fund
invesco.com/us
MS-PGRO-SUMPRO-2
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