brochure 2

Back to the BasicsDeveloping saving and investing habits

Celebrating

30+years withPrimerica

Invesco’s PhilosophyAt Invesco, all of our people and all of our resources are dedicated to helping investors achieve their financial objectives. This philosophy guides the way we:

Manage investments Our dedicated investment professionals search the world for the best opportunities, and each investment team follows a clear, disciplined process to build portfolios and mitigate risk.

Provide choices We manage investment strategies across all major asset classes and deliver them through a variety of vehicles. Our wide range of choices allows you to create a portfolio that’s purpose-built for your needs.

Connect with our clients We’re committed to giving you the expert insights you need to make informed investing decisions, and we are well-equipped to provide high-quality support for investors and advisors.

A Strong Legacy of Investment Management

A strong legacy of investment management, with an investment history dating to the:

Assets Under Management1 ($ in billions):

Countries where Invesco has on-the-ground presence:1

1940s $779.6 20

Data as of June 30, 20161 Source: Invesco Ltd. Client-related data, investment professional, employee data and AUM are as of June 30, 2016, and include all assets under advisement,

distributed and overseen by Invesco. ALPS Distributors, Inc. is the distributor of the PowerShares DB Funds. Invesco Distributors, Inc. is the US distributor for Invesco Ltd.’s retail products. Invesco Ltd. is not affiliated with ALPS Distributors, Inc. or Deutsche Bank. The entities listed are each indirect, wholly owned subsidiaries of Invesco Ltd., except ALPS Distributors Inc., Deutsche Bank and Invesco Great Wall in Shenzhen, which is a joint venture between Invesco and Great Wall Securities, and the Huaneng Invesco WLR Investment Consulting Company Ltd. in Beijing, which is a joint venture between Huaneng Capital Services and Invesco WLR Limited. Please consult your Invesco representative for more information.

Back to the Basics 3

Personal Savings vs. Debt in AmericaAmericans tend to spend more money than they earn and save less, putting them into debt. Instead, they may consider replacing that unhealthy habit by paying themselves first and not being dependent on lenders and finance companies.

Personal savings vs. debt

Your finances control you

Outspending your income

Borrowing to maintain a lifestyle

Paying off one debt and accruing another

Debt Cycle

You control your finances

Debt free

Paying with cash instead of borrowing

Investments, savings and assets

Cash Cycle

The solution:

How to investPay yourself first by funding three fundamental accounts

Eliminate debtSet up a debt- stacking program

Protect incomeInsure your income until you build financial independence

+ +

Of all the threats to your financial security, none is more dangerous than debt.

4

How to Invest: Pay Yourself FirstThree Fundamental AccountsThere is a common misunderstanding that the average investor cannot obtain their long-term goals. We feel paying yourself first may be the single most important concept that you can take in achieving this objective. Here are three fundamental accounts that may help you:

1. Emergency accountTo guard against unexpected times, it can be beneficial for you to have money put away that is easily accessible.

• Emergencies • Vacation

Possible target goal — 3 months income Possible time frame — 0 to 2 years

2. Short-term account A short-term account is money you set aside for expenses you may incur within a short time frame.

• Loss of job • Disabilities • Short-term purchases — car, house, etc.

Possible target goal — 6 months income Possible time frame — 3 to 5 years

3. Wealth-building accountsWealth-building accounts are long-term savings and investment accounts. These accounts are where you might typically save for your long-term retirement goals.

• Retirement • College fund • Other long-range savings


Funding Your Three Fundamental Accounts

Investing with professional managementBelow are examples of how you might consider funding your fundamental accounts:

1. Emergency accountConsider investing in something that is liquid and easily accessible like a money market mutual fund.

• Invesco Government Money Market Fund (AIMXX)1

2. Short-term accountConsider investing in a balanced mutual fund that has both stocks and bonds.

• Invesco Equity and Income Fund A (ACEIX)

3. Wealth-building accountConsider investing your wealth-building account in a number of different investment options, such as equity and fixed income mutual funds, since this account may have a long-term time horizon.

• Roth or Traditional IRA • 401(k), Deferred Compensation Plan, Tax Sheltered Accounts (TSA), etc.

• Variable Annuity2

• Invesco Mutual Funds (See appendix for list of funds)

Wealth-Building Account Concept

Accumulation

Growth Years

Retirement Age

Income Years

Retirement

For illustrative purposes only

Account Investment Allocation Example

50%Emergency

Account

25%Short-Term

Account

25%Wealth-Building

Account

This allocation might not be suitable for all investors. Diversification does not guarantee a profit or eliminate the risk of loss.

1 Effective June 28, 2016, the Invesco Money Market Fund was renamed the Invesco Government Money Market Fund and its investment strategy changed from a prime to a government money market fund.

2 Invesco Distributors, Inc. does not offer any variable products.

Notes

6

Asset Allocation at WorkManaging portfolio risk is one of the biggest challenges investors face. Too much risk could set you up for a crash; too little might not earn the returns you need to retire.

1. AllocateAsset allocation determines 93.6% of the variation in a portfolio’s total investment performance. While only 6.4% is from market timing and stock selection.1

2. DiversifyDiversification is more than not putting all your eggs in one basket. True diversification means investing in a mix of assets that perform differently in various economic environments.

3. RebalanceAllocations may change as the markets move up and down. Rebalancing periodically re-establishes the original target allocation.

Rebalance your portfolio to stay on target

Reasons to rebalance – Large stock allocation may be too risky

– 2008 stock market declined

– Portfolio would have experienced greater volatility

Stocks Outperform2 — 12/31/02–10/9/07Unbalanced — Closing Allocation on 10/9/07Balanced — Opening Allocation on 12/31/02

40%Stocks

40%Bonds

20%Commodities

48%Stocks

30%Bonds

22%Commodities

Reasons to rebalance – Large bond allocation may be too conservative

– 2009 stock market was strong

– Portfolio would have missed out on strong stock outperformance

Bonds Outperform2 — 10/9/07–3/9/09Balanced — Opening Allocation on 10/9/07 Unbalanced — Closing Allocation on 3/9/09

40%Stocks

40%Bonds

20%Commodities

25%Stocks

60%Bonds

15%Commodities

1 Source: Study by Gary P. Brinson, L. Randolph Hood, and Gilbert L. Beebower, “Determinants of Portfolio Performance,” Financial Analysts Journal, January/February 1995. The study analyzed data from 91 large corporate pension plans with assets of at least $100 million over a 10-year period beginning in 1974 and concluded that asset allocation policy explained, on average, 93.6% of the variation in total plan return.

2 Time periods above, reflecting a strong stock market and a strong bond market, respectively, are based on performance of the following indices: stocks are represented by the S&P 500 Index, bonds by the Barclays U.S. Aggregate Bond Index and commodities by the S&P GSCI Index. Commodities may subject to greater volatility than investments in traditional securities such as stocks and bonds and are not suitable for all investors. See important index definitions on the back cover. For illustrative purposes only.


The Power of Dollar-Cost Averaging — PAC and PAC Plus

Dollar-cost averaging through different market cyclesMarket conditions can alter over time. This is why some investors consider using a dollar-cost averaging strategy — also known as Pre-Authorized Checking (PAC) or PAC Plus (PAC with a fixed contribution increase each year) — in an effort to reach their long-term investment goals. Consider the hypothetical scenarios below:

Taking Advantage of Market Highs and Lows — Example of Investing $100 a Month

• Hypothetical Investor A: Began purchasing shares as the market was rising.• Hypothetical Investor B: Began purchasing shares as the market fell and then recovered to where it was at the

beginning of their investment period.

0

5

10

15

20

Month 6Month 5Month 4Month 3Month 2Month 1

Price Per Share ($)

Rising Market

Fluctuating Market

Month 1 Month 2 Month 3 Month 4 Month 5 Month 6Full Shares Accumulated

Hypothetical Investor AMonthly Investment ($) 100 100 100 100 100 100

42Price Per Share ($) 10 12 14 16 18 20

Shares Purchased 10.00 8.33 7.14 6.25 5.56 5.00

Hypothetical Investor BMonthly Investment ($) 100 100 100 100 100 100

125Price Per Share ($) 10 7 4 2 6 10

Shares Purchased 10.00 14.29 25.00 50.00 16.67 10.00

Total Investment ($)

Total Shares Purchased

Average Cost Per Share ($)

Average Price Per Share ($)

Hypothetical Investor A 600 42.28 14.19 15.00

Hypothetical Investor B 600 125.95 4.76 6.50

Both hypothetical investor A and B were able to cut their average cost per share during rising and fluctuating market conditions because they used a dollar-cost averaging strategy. This strategy helped both investors stay on their wealth-building track while potentially weathering different kinds of market changes.

This hypothetical example is provided for illustrative purposes only and is not meant to depict the performance of any specific investment. Average cost per share: Total investment divided by total number of shares bought. Average price per share: Sum of share prices divided by the number of contributions. A program of regular investment cannot ensure a profit or protect against a loss in a declining market. Since such a dollar-cost averaging program involves continuous investments regardless of fluctuating share values, you should consider your financial ability to continue the program through all market cycles.

88

Getting started: Investment Profile Questionnaire (IPQ)Answering the questions below and discussing them with your PFSI Registered Representative can be a valuable first step in identifying your own approach to investing. The total score from your responses is a rough indication of how much risk or safety you potentially prefer in your investments from information you have provided. If your Investment Profile score and matching Model Portfolio do not reflect your desired objectives, please consult your PFSI Registered Representative.

For each question below, choose the answer that best describes your situation and circle the corresponding point value that is associated with each of your answers, then total your points to determine your Investment Profile score.

Time Horizon Your current situation and future income needs

What is your current age?Points5) Less than 454) 45 to 553) 56 to 652) 66 to 751) Older than 75

When do you expect to start drawing income from this account?Points5) Not for at least 20 years4) In 11 to 19 years3) In 6 to 10 years2) In 2 to 5 years1) 2 years or less

Long-Term Goals and Expectations Your views of how an investment should perform over the long-term

For this investment, I intend to take:Points5) Higher risk in return for

potentially superior returns4) Moderate to higher risk in return

for potentially greater returns3) Moderate risk in return for some

potential growth opportunity2) Low risk in return for a little

potential growth opportunity1) Slight to no risk in return for

potential general stability of principal

Assuming normal market conditions, what would you expect from this investment over time?Points5) To generally keep pace with the

stock market4) To slightly trail the stock market,

but make a good profit3) To trail the stock market, but

make a moderate profit2) To have some stability, but

make modest profits1) To have a high degree of stability,

but make small profits

Suppose the stock market performs unusually poorly over the next decade. What would you expect from this investment?Points5) To also perform poorly4) To make very little or nothing3) To make a little gain2) To make a modest gain1) To make gains, regardless of the

stock market’s performance

Short-Term Risk Attitudes Your attitude toward short-term volatility

Which of these statements would best describe your attitudes about the next three years’ performance of this investment?Points5) I understand a loss of principal

is a realistic possibility4) I can tolerate a loss3) I can tolerate a small loss2) I’d have a hard time tolerating

any losses1) I need to see at least some return

Which of these statements would best describe your attitudes about the next three month’s performance of this investment?Points5) I wouldn’t worry about market

fluctuations in that time frame4) If my investment declined greater

than 20%, I’d be concerned3) If my investment declined greater

than 10%, I’d be concerned2) I can only tolerate small short-term

fluctuations in my investment1) I’d have a hard time accepting

any investment declines

Please total your points to determine your Investment Profile score, then reference the Model Portfolios on the next page to identify your preferred investing style.

Total points:


Before you invest any money, you should read the mutual fund’s current prospectus carefully. If you want to know more about the investment companies offered through Primerica, contact your PFSI Registered Representative or write to Primerica, 1 Primerica Parkway, Duluth, GA 30099-0001. If you have any additional questions, please call 800 544 5445. These allocations might not be suitable for all investors. Asset allocation/diversification does not guarantee a profit or eliminate the risk of loss.

Use the point total from the previous page to determine your investment profileKeep in mind that this profile is intended to give you a start and doesn’t cover all the issues that you should consider. If your Investment Profile score and matching Model Portfolio do not reflect your desired objectives, please consult your PFSI Registered Representative.

Income Portfolio 7–10 points

% Investment profile description: This portfolio may be appropriate for investors whose primary objective is current income. The majority of assets in this portfolio are allocated to short-term and intermediate-term investments such as fixed-income securities (bonds). A portion of this portfolio is also invested in equities (stocks), which are subject to price fluctuations, as protection against the erosion to purchasing power caused by inflation.

• US Stock 23

• Non US Stock 7

• Bonds and Cash 70

Conservative Growth Portfolio 11–17 points

% Investment profile description: This portfolio may be appropriate for investors who prefer a balanced mix of current income and capital appreciation, and are willing to tolerate some short-term price fluctuations associated with equity (stock) investments. The assets in this portfolio are balanced among equities (stocks) and fixed-income securities (bonds).

• US Stock 38

• Non US Stock 12


Moderate Growth Portfolio 18–24 points

% Investment profile description: This portfolio may be appropriate for investors whose primary objective is capital appreciation and to whom current income is of secondary importance. A moderate growth investor is willing to tolerate short-term price fluctuations. The assets in this portfolio are a mix of equities (stocks) and fixed-income securities (bonds), with a higher weighting towards equities (stocks).

• US Stock 49

• Non US Stock 16


Growth Portfolio 25–31 points

% Investment profile description: This portfolio may be appropriate for investors whose primary objective is long-term capital appreciation and who are willing to tolerate potentially large price fluctuations. Generating current income is not a primary goal. Assets in this portfolio are invested primarily (and in some cases entirely) in equities (stocks).

• US Stock 64

• Non US Stock 21


Aggressive Growth Portfolio 32–35 points

% Investment profile description: This portfolio may be appropriate for investors whose primary objective is maximum long-term capital appreciation and who are willing to tolerate more substantial, potentially large price fluctuations. Generating current income is not a goal. Assets in this portfolio are invested entirely (or almost entirely) in equities (stocks).

• US Stock 75

• Non US Stock 25

After discussing your Investment Profile with your PFSI Registered Representative, please initial:Representative initials: Client initials: Date:

10

Eliminate DebtDebt stacking can potentially lead to debt freedom

Debt Stacking Hypothetical ExampleAs each debt is paid off, you can apply the amount you were paying to that debt to the payment that you were making on the next target account.

• Target Account • Extra Debt Payment

Retail card 1 $220 + $220

Credit card 2 $353 Credit card 2 $573 + $573

Car loan $551 Car loan $551 Car loan $1,124 + $1,124

Credit card 1 $303 Credit card 1 $303 Credit card 1 $303 Credit card 1 $1,427 + $1,427

Mortgage $1,293 Mortgage $1,293 Mortgage $1,293 Mortgage $1,293 Mortgage $2,720

Total $2,720 Total $2,720 Total $2,720 Total $2,720 Total $2,720

Without Debt Stacking With Debt Stacking

Payoff Interest Saved Interest Paid Monthly Payments Payoff Interest Saved Interest Paid Monthly Payments

24 years, 3 months $0 $214,433 $2,7209 years, 1 month (182 months sooner) $130,643 $83,798 $2,720

The above hypothetical example is for illustrative purposes only. The Debt Stacking concept assumes that: (1) you make consistent payments on all of your debts, (2) when you pay off the first debt in your plan, you add the payment you were making toward that debt to your existing payment on the next debt in your plan (therefore you make the same total monthly payment each month toward your debts) (3) you continue this process until you have eliminated all of the debts in your plan. In the example above, when the retail card is paid off, the $220 is applied to credit card 2, accelerating its payment to $573. After credit card 2 is paid off, the $573 is applied to the car loan for a total payment of $1,124. The process is then continued until all debts are paid off. Note that the total payment per month remains constant. The hypothetical listed debts assume the following interest rates:14.9% Retail Card 1; 16% Credit Card 2; 6% Car Loan; 18% Credit Card 1; 7.5% Mortgage and are for illustrative purposes only.

Protect IncomeTheory of decreasing responsibility

Wealth-Building Account Concept

Today At retirement

1. Young children2. High debt3. House mortgageLoss of income would be devastating

1. Grown children2. Lower debt3. Mortgage paidRetirement income needed

In the early years, you may need a lot of money You’d better have money

In the later years, you may notYou may not have a lot of money



AppendixWhat is a mutual fund?A mutual fund is a group of stocks, bonds or other securities that have been pooled together as one investment. They provide access to professional managers who make and monitor the investment selections as dictated by the fund’s strategy. Mutual funds may provide investors:

• Professional Management • Diversification

• Affordability • Convenience

Mutual Fund Process

Global EconomyIndividual Investors Pooled Assets


Historically, investors led by emotion have significantly lagged the marketDALBAR’s 2016 Quantitative Analysis of Investor Behavior shows that the average equity investor acts emotionally, making irrational decisions that can negatively affect investment performance.

Invest With Intention, Not Emotion20-year average annual total returns — as of Dec. 31, 2015 (%)

2

4

6

8

10Buy and Hold(S&P 500 Index)

Inflation1Average Equity Investor

4.67

2.11

8.19

Past performance is no guarantee of future results. Data shown is the most recent available. Source: DALBAR, Inc. 2016. Quantitative Analysis of Investor Behavior (QAIB). QAIB calculates investor returns as the change in assets after excluding sales, redemptions and exchanges. This method of calculation captures realized and unrealized capital gains, dividends, interest, trading costs, sales charges, fees, expenses and any other costs, annualized over the period. The S&P 500 Index is an unmanaged index of 500 common stocks generally representative of the US stock market. Past performance is no guarantee of future results. Index performance is shown for illustrative purposes only and is not intended to represent historical or to predict future performance of any specific investment. Indexes are unmanaged and an investor cannot invest in an index.

1 Source: Morningstar. Inflation is measured by the Consumer Price Index. An investment cannot be made directly into an index.

12

Stocks, Bonds and Inflation

Historically stocks and bonds have outpaced inflationTo see inflation at work, one only needs to look at the price of a stamp and how it has increased over time. The price of a stamp in 1965 was 5¢ and that same stamp costs 47¢ in 2016. In fact, inflation relentlessly erodes the value of a dollar over time. That means the money you save today may not be enough to purchase what you’ll need tomorrow.

Performance of a $10,000 Investment1

Invesco Equity and Income Fund performed 8.48% over a 20-year averageJune 30, 1996 to June 30, 2016

• Invesco Equity and Income Fund • Gold: S&P GSCI Gold Index• US Treasuries: US 3-Month Treasury Bills Index

• Stocks: S&P 500 Index • Bonds: Barclays U.S. Aggregate Index• Cash: Consumer Price Index

10,000

20,000

30,000

40,000

50,000

$60,000

Cash (adjustedfor inflation)

US TreasuriesBondsGoldStocksInvesco Equityand Income Fund

$14,972Return: 2.04%

$33,080Return: 6.16%

$15,467Return: 2.20%

$30,156 Return: 5.67%

$45,477Return: 7.87%

$50,913Return: 8.48%

Sources: Lipper, Inc., StyleADVISOR, ©2016 Morningstar, Inc. All Rights Reserved. Past performance is no guarantee of future results. Performance shown for Invesco Equity and Income Fund is for Class A shares and does not include payment of the maximum sales charge of 5.50%; if it did, the results would have been lower. Returns are average annual total return. Please see back cover for all index definitions. It is not possible to invest directly in an index.

Average Annual Total Returns (%)As of June 30, 2016

Invesco Equity and Income Fund Class A shares 1 Year 3 Years 5 Years 10 YearsInception

8/3/60

Without sales charge -1.85 6.31 7.71 6.01 10.12

With max. 5.50% sales charge -7.29 4.32 6.49 5.41 10.01

Performance quoted is past performance and cannot guarantee comparable future results; current performance may be lower or higher. Visit invesco.com for the most recent month end performance. Performance figures reflect reinvested distributions and changes in net asset value (NAV). Performance shown at NAV does not include applicable front-end sales charge. If sales charges had been reflected, performance would be lower. Investment return and principal value will vary so that you may have a gain or a loss when you sell shares. Fund performance reflects any applicable fee waivers and/or expense reimbursements. Had the adviser not waived fees and/or reimbursed expenses currently or in the past, returns would have been lower. See current prospectus for more information. The gross expense ratio is 0.81% for Class A shares. Expenses are as of the fund’s fiscal year end as outlined in the fund’s current prospectus.

1 Important note: On the surface, conservative savings vehicles such as Treasury Bills and certificates of deposit (CDs) may appear attractive because they fluctuate less. But you need to balance these considerations with a realistic evaluation of how you want your investments to grow. CDs offer a guaranteed return of principal over a stated period of time and a fixed rate of interest. They are typically issued by institutions whose deposits are insured. The income and principal payments of US government bonds are backed by the full faith and credit of the US government if held to maturity. Mutual fund shares may be more volatile than other investments. They are not insured, and the value of shares, when redeemed, may be more or less than what you originally paid for them. Accordingly, it is possible to lose money in a mutual fund investment. While stocks typically entail greater risk and experience more fluctuations, they have historically outpaced bonds and cash over longer periods.


Historical asset class returnsConnect the returns of individual asset classes to illustrate trends over the past 10 years. What you will see is that a diversified portfolio may be appropriate for investors looking for consistency over the long term.

Historical Asset Class Returns (%): Stocks, Bonds or Both?2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Wor

st

Per

form

ers

Bes

t

Real estate 35.06

Large-cap growth11.81

Fixed income5.24

Mid-cap growth46.29

Small-cap growth29.09

Real estate 8.28

Real estate 19.70

Small-cap growth 43.30

Real estate 28.03

Large-capgrowth5.67

International 26.34

Mid-cap growth11.43

Equity and Income Fund-24.78


Real estate 27.95

Fixed income7.84

Mid-cap value18.51

Mid-cap growth35.74

Mid-cap value14.75

Real estate 2.83

Small-cap value23.48

International 11.17

Small-cap value -28.92


Mid-cap growth26.38



Small-cap value 34.52

Large-cap value13.45

Fixedincome0.55



Large-cap value -36.85

Mid-cap value 34.21

Mid-cap value 24.75

Large-cap value0.39


Large-cap growth 33.48


Mid-capgrowth-0.2

Mid-cap value20.22

Fixed income6.97

Real estate -37.73

International 31.78



International 17.32

Mid-cap value 33.46

Mid-cap growth11.90

International -0.81


Equity and Income Fund3.26

Large-cap growth -38.44

Real estate 27.99


Mid-cap value -1.38

Mid-cap growth 15.81

Large-cap value 32.53


Small-capgrowth-1.38


Large-cap value-0.17

Mid-cap value-38.44


Large-cap value 15.51

Mid-cap growth -1.65



Fixed income5.97


Mid-cap growth10.66

Mid-cap value-1.42

Small-cap growth-38.54



Small-cap growth -2.91

Small-cap growth 14.59

International 22.78


Large-capvalue-3.83


Small-cap value-9.78

International -43.38


International 7.75

Small-cap value-5.50


Real estate 2.86

Small-cap value4.22

Mid-cap value -4.78

Fixed income4.33

Real estate -15.69

Mid-cap growth-44.32

Fixed income5.93

Fixed income6.54

International -12.14

Fixed income4.22

Fixed income-2.02

International -4.90

Small-capvalue-7.47

Source: Lipper Inc. as of Dec. 31, 2015. International is represented by the Morgan Stanley Capital International (MSCI) EAFE Index. Large-Cap Growth is represented by the Russell 1000® Growth Index. Large-Cap Value is represented by the Russell 1000® Value Index. Fixed Income is represented by the Barclays US Aggregate Index. Real Estate is represented by FTSE NAREIT All Equity REITs Index. Small-Cap Growth is represented by the Russell 2000® Growth Index. Small-Cap Value is represented by the Russell 2000® Value Index. Mid-Cap Growth is represented by the Russell Midcap Growth® Index. Mid-Cap Value is represented by the Russell Midcap® Value Index. This table is presented for information purposes only. Performance shown for Invesco Equity and Income Fund is for Class A shares and does not include payment of the maximum sales charge of 5.50%; if it did, the results would have been lower. Asset allocation/diversification does not guarantee a profit or eliminate the risk of loss. Performance figures reflect reinvested dividends. The table depicts annual returns for various asset classes over the past 10 years, ranked from best to worst each year. Each asset class is color coded for easy tracking. Well known, industry-standard indexes are used as proxies for each asset class. The indexes and their returns are not representative of any Invesco funds. The indexes do not include any expenses, fees or charges and are unmanaged and should not be considered investments. An investment cannot be made directly in an index. See important index definitions on the back cover. Investments focused in a particular sector, such as real estate, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments. Fixed-income products are subject to risk, including, but not limited to, the effects of changing interest rates. The price of equity securities may decline in response to, among other things, investor sentiment or general economic market conditions. Investing in securities of small- and medium-sized companies may involve greater risk than is customarily associated with investing in large companies. Foreign securities have additional risks, including exchange rate changes, political and economic upheaval, relative lack of information, relatively low market liquidity, and the potential lack of strict financial and accounting controls and standards. Growth stocks tend to be more sensitive to changes in their earnings and can be more volatile. Value stocks tend to be inexpensive relative to their earnings or assets compared to other types of stocks and may never realize their full value. Past performance is no guarantee of future results and current performance may be lower or higher than the figures shown. For the most recent month-end performance figures, please visit invesco.com/performance. Investment returns and principal value will fluctuate and fund shares, when redeemed, may be worth more or less than their original cost. Performance shown at NAV does not include applicable front-end sales charge. If sales charges had been reflected, performance would be lower. Had fees not been waived and/or expenses reimbursed in the past, returns would have been lower. Performance of other share classes will vary.

14

1 For a complete list of mutual funds offered by Invesco, please visit invesco.com/us.

Invesco mutual funds1

Invesco offers a broad range of actively managed mutual funds to help customize investors’ portfolios to their unique needs.

Fund name Morningstar category SymbolClass A Shares

Invesco domestic core/ blend funds

Invesco Equally Weighted S&P 500 Fund Large Blend VADAX

Invesco Endeavor Fund Mid-Cap Blend ATDAX

Invesco Small Cap Equity Fund Small Blend SMEAX

Invesco domestic value funds Invesco American Value Fund Mid-Cap Value MSAVX

Invesco Comstock Fund Large Value ACSTX

Invesco Diversified Dividend Fund Large Value LCEAX

Invesco Dividend Income Fund Large Value IAUTX

Invesco Growth and Income Fund Large Value ACGIX

Invesco domestic growth funds Invesco American Franchise Fund Large Growth VAFAX

Invesco Mid-Cap Growth Fund Mid-Cap Growth VGRAX

Invesco Small Cap Discovery Fund Small Growth VASCX

Invesco international/ global funds

Invesco Asia Pacific Growth Fund Pacific/Asia ex-Japan Stock ASIAX

Invesco Developing Markets Fund Diversified Emerging Markets GTDDX

Invesco European Growth Fund Europe Stock AEDAX

Invesco Global Growth Fund World Stock AGGAX

Invesco Global Small and Mid Cap Growth World Stock AGAAX

Invesco International Growth Fund Foreign Large Growth AIIEX

Invesco International Small Company Fund Foreign Small/Mid Blend IEGAX

Invesco taxable fixed income funds

Invesco Convertible Securities Fund Convertibles CNSAX

Invesco Core Plus Bond Fund Intermediate-Term Bond ACPSX

Invesco Corporate Bond Fund Corporate Bond ACCBX

Invesco High Yield Fund High Yield Bond AMHYX

Invesco Short Term Bond Fund Short-Term Bond STBAX

Invesco Quality Income Fund Intermediate-Term Bond VKMGX

Invesco tax-exempt fixed income funds

Invesco Intermediate Term Muni Income Fund Muni National Interm VKLMX

Invesco Limited Term Municipal Income Fund Muni National Short ATFAX

Invesco Municipal Income Fund Muni National Long VKMMX

Invesco multi-asset funds Invesco Conservative Allocation Fund Allocation — 30% to 50% Equity CAAMX

Invesco Equity and Income Fund Allocation — 50% to 70% Equity ACEIX

Invesco Growth Allocation Fund Allocation — 70% to 85% Equity AADAX

Invesco Income Allocation Fund Allocation — 30% to 50% Equity ALAAX

Invesco Moderate Allocation Fund Allocation — 50% to 70% Equity AMKAX

Invesco alternative funds Invesco Balanced-Risk Allocation Fund Tactical Allocation ABRZX

Invesco Floating Rate Fund Bank Loan AFRAX

Invesco Global Real Estate Income Fund Global Real Estate ASRAX

Invesco Gold & Precious Metals Fund Equity Precious Metals IGDAX


Committed to You

Bridging the digital divideInvesco continues to bring Industry leading technology and commentary from global outlooks to portfolio manager’s market insight to webcasts on specific topics like energy and real estate. Invesco strives to bring timely and relevant information direct to financial advisors and their clients. Below are just some of the ways that Invesco is bridging the digital divide.

Invesco’s online resourcesInvesco continually strives to bring you timely, valuable information that is easy to use and beneficial.

We offer immediate access to a wealth of tools and resources via invesco.com/us.

Gain knowledge on: • Current market updates • Retirement planning insights and tools • Invesco products directly from investment specialists

Easyas

Invesco Portfolio IllustratorSM

Easy for you. Easy for your clients.

Easyas

Invesco Portfolio IllustratorSM

Easy for you. Easy for your clients.

Portfolio Illustrator: Tool designed to help advisors build a client’s portfolio with ease.

Here’s how it works: 1. Select the client’s risk tolerance 2. Choose the investments 3. Customize the proposal 4. Review and print

To learn more about the Invesco Portfolio Illustrator, visit the advisor site of invesco.com/tools or contact your sales team.

On the Go with Invesco AppThe Invesco app for iPad® gives you access to the information, insights and ideas you need — on the go.

Find a product that meets your needs across a comprehensive range of asset classes.Personalize your view of product data through interactive charts and graphs.Build your briefcase with Invesco products and commentaries and share them with clients and colleagues.Gain insights and analysis from our investment professionals.Access exclusive business-building ideas from Invesco Consulting.

iPad is a trademark of Apple Inc., registered in the US and other countries.

Before investing, investors should carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. For this and more complete information about the fund(s), investors should contact their advisor(s) for a prospectus and/or summary prospectus or visit invesco.com/fundprospectus. You could lose money by investing in the Fund. Although the Fund seeks to preserve your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.Note: Not all products, materials or services available at all firms. Advisors, please contact your home office.

After Sept. 30, 2016, this piece must be accompanied by the most recent quarter end Invesco Equity and Income Fact Sheet. Invesco Distributors, Inc. is not affiliated with Primerica. Securities offered by PFS Investments Inc. 3120 Breckinridge Blvd. Duluth GA 30099 The opinions expressed are those of the author, are based on current market conditions and are subject to change without notice. These opinions may differ from those of other Invesco investment professionals. The Russell 1000® Growth Index is an unmanaged index considered representative of large-cap growth stocks. The Russell 1000® Value Index is an unmanaged index considered representative of large-cap value stocks. The Russell Midcap Growth Index is an unmanaged index considered representative of mid-cap growth stocks. The Russell Midcap Value Index is an unmanaged index considered representative of mid-cap value stocks. The Russell 2000 Growth Index is an unmanaged index considered representative of small-cap growth stocks. The Russell 2000 Value Index is an unmanaged index considered representative of small-cap value stocks. The MSCI EAFE® Index is an unmanaged index considered representative of stocks of Europe, Australasia and the Far East. The index is computed using the net return, which withholds applicable taxes for non-resident investors. The FTSE NAREIT Equity REITs Index is an unmanaged index considered representative of US REITs. The S&P GSCI Index is an unmanaged world production-weighted index composed of the principal physical commodities that are the subject of active, liquid futures markets. The S&P GSCI Gold Index, a sub-index of the S&P GSCI, provides investors with a reliable and publicly available benchmark tracking the COMEX gold future. The index is designed to be tradable, readily accessible to market participants, and cost efficient to implement. The Barclays U.S. Aggregate Index is an unmanaged index considered representative of the US investment-grade, fixed-rate bond market. The S&P 500® Index is an unmanaged index considered representative of the US stock market. Three-Month Treasury Bills are government-backed short-term securities that mature three months from their issue date. The Consumer Price Index is an index representing the rate of inflation of US consumer prices as determined by the US Bureau of Labor Statistics. The Russell 1000 Growth Index, Russell 1000 Value Index, Russell 2000 Value Index, Russell 2000 Growth Index, Russell Midcap Growth Index, and Russell Midcap Value Index are trademarks/service marks of the Frank Russell Co. Russell® is a trademark of the Frank Russell Co. Index performance reflects reinvestment of dividends. An investment cannot be made directly in an index.

invesco.com/us PFSSAVE-BRO-1 08/16 Invesco Distributors, Inc. US9423

About riskFixed income products are subject to risk, including credit risk of the issuer and the effects of changing interest rates. Fluctuations in the price of gold and precious metals may affect the profitability of companies in the gold and precious metals sector. Changes in the political or economic conditions of countries where companies in the gold and precious metals sector are located may have a direct effect on the price of gold and precious metals. Municipal securities are subject to the risk that litigation, legislation or other political events, local business or economic conditions or the bankruptcy of the issuer could have a significant effect on an issuer’s ability to make payments of principal and/or interest. The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, foreign currency exchange controls, political and economic instability, differences in financial reporting, differences in securities regulation and trading, and foreign taxation issues. Investments concentrated in a comparatively narrow market sector can be more volatile than non-concentrated investments. Asset allocation/diversification does not guarantee a profit or eliminate the risk of loss. Each fund is subject to certain unique risks, and some funds may employ the use of derivatives or enhanced investment techniques that could experience greater volatility. 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. A value style of investing focuses on undervalued companies with characteristics for improved valuations. This style of investing is subject to the risk that the valuations never improve or that the returns on “value” equity securities are less than returns on other styles of investing or the overall stock market. Value stocks also may decline in price, even though in theory they are already underpriced. As with any managed fund, the Adviser may not be successful in selecting the best-performing securities or investment techniques, and a Fund’s performance may lag behind that of similar funds. The investment techniques and risk analysis used by a Fund’s portfolio managers may not produce the desired results. The prices of and the income generated by a 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. Medium-sized companies often have less predictable earnings, more limited product lines, markets, distribution channels or financial resources and the management of such companies may be dependent upon one or few key people. The market movements of equity securities of medium-sized companies may be more abrupt and volatile than the market movements of equity securities of larger, more established companies or the stock market in general. Historically, medium-sized companies have sometimes gone through extended periods when they did not perform as well as larger companies. In addition, equity securities of medium-sized companies generally are less liquid than larger companies. This means that a Fund could have greater difficulty selling such securities at the time and price that a Fund would like. 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. The performance of an Invesco Asset Allocation Fund depends on the underlying funds in which it invests, and it is subject to the risks of the underlying funds. Market fluctuations may change the target weightings in the underlying funds. The underlying funds may change their investment objectives, policies or practices and may not achieve their investment objectives, all of which may cause the Fund to withdraw its investments therein at a disadvantageous time. Risk is inherent in all investing. An investment in an underlying fund involves risks similar to those of investing in any underlying fund of equity or fixed-income securities traded on exchanges. You should anticipate that the value of the shares will decline, more or less, in correlation with any decline in value of the underlying index of certain underlying ETFs. Certain of the underlying funds in the Invesco Asset Allocation Funds are non-diversified and can invest a greater portion of their assets in a single issuer. A change in the value of the issuer could affect the value of an underlying fund more than if it was a diversified fund. There is no assurance that the Funds listed will achieve their investment objectives. Funds are subject to market risk, which is the possibility that the market values of securities owned by these Funds will decline and that the value of the Fund shares may therefore be less than what you paid for them. Accordingly, you can lose money investing in these Funds. Please be aware that these Funds may be subject to certain additional risks. See current prospectus for complete details about the risks associated with an investment in each Fund.

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