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Summary Prospectus
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February 28,
2013
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Invesco China Fund
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Class: A (AACFX), B (ABCFX), C
(CACFX), Y (AMCYX)
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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 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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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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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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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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Y
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Management Fees
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0.94
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%
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0.94
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%
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0.94
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%
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0.94
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%
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Distribution and/or Service
(12b-1)
Fees
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0.25
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1.00
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1.00
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None
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Other Expenses
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0.61
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0.61
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0.61
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0.61
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Total Annual Fund Operating Expenses
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1.80
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2.55
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2.55
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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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723
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$
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1,085
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$
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1,471
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$
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2,550
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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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2,702
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Class C
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$
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358
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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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2,885
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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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723
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$
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1,085
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$
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1,471
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$
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2,550
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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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2,702
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Class C
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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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2,885
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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 109% of the average value of its
portfolio.
Principal
Investment Strategies of the Fund
The Fund invests, under normal circumstances, at least 80% of
its net assets (plus any borrowings for investment purposes) in
a diversified portfolio of issuers with substantial exposure to
China (including the People’s Republic of China, Hong Kong
and Macau). 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 Chinese
issuers (including Hong Kong and Macau), and in other
instruments that have economic characteristics similar to such
securities. The Fund uses various criteria to determine whether
an issuer is in China, including whether (1) it is
organized under the laws of China, (2) it has a principal
office in China, (3) it derives 50% or more of its total
revenues from business in
1 Invesco
China Fund
CHI-SUMPRO-1
China, or (4) its equity securities are traded principally
on a security exchange, or in an over-the-counter market, in
China.
The Fund invests primarily in equity securities, depositary
receipts, and participation notes. The principal types of equity
securities in which the Fund invests are common and preferred
stock and convertible securities.
The Fund may invest in the securities of issuers of all
capitalization sizes; however, the Fund may hold a significant
amount of its net assets in the securities of small- and
mid-capitalization issuers.
The Fund may 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.
In selecting securities to buy and sell, the Fund’s
portfolio managers will apply an actively managed
bottom-up
fundamental analysis and top down multi-factor analysis that
blends both growth at a reasonable price and value-oriented
disciplines. In the security selection process, the portfolio
managers will consider four main factors, including valuation,
management/franchise value determination (including management
and ownership, earnings quality, balance sheet quality and
product quality), and earnings growth.
The portfolio managers will consider whether to sell a
particular security when the security trades significantly above
its estimated fair value, when there is a permanent, fundamental
deterioration in business prospects or when a more attractive
investment opportunity is identified.
In attempting to meet its investment objective, the Fund engages
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 governmental 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:
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.
Convertible Securities Risk
. The Fund may own convertible
securities, the value of which may be affected by market
interest rates, the risk that the issuer will default, the value
of the underlying stock or the right of the issuer to buy back
the convertible securities.
Depositary Receipts Risk
. Depositary receipts involve
many of the same risks as those associated with direct
investment 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.
Developing/Emerging Markets Securities Risk
. The prices
of 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.
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.
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.
Management Risk
. The investment techniques and risk
analysis used by the Fund’s portfolio managers may not
produce the desired results.
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.
Participation Notes Risk
. Investments in
participation notes involve the same risks associated with a
direct investment in the underlying security, currency or market
they seek to replicate. In addition, the Fund has no rights
under participation notes against the issuer of the underlying
security and is subject to the creditworthiness of the issuing
bank or broker-dealer.
Small- and Mid-Capitalization Risks
. 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.
Unique Economic and Political Risks of Investing in
China
. China remains a totalitarian country with the
following risks: nationalization, expropriation, or confiscation
of property, difficulty in obtaining
and/or
enforcing judgments, alteration or discontinuation of economic
reforms, military conflicts, either internal or with other
countries, inflation, currency fluctuations and fluctuations in
inflation and interest rates that may have negative effects on
the economy and securities markets of China, and China’s
dependency on the economies of other Asian countries, many of
which are developing countries.
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, a style specific benchmark and a peer group benchmark
comprised of funds with investment objectives and strategies
similar to the Fund. The 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
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): 39.04%
Worst Quarter (ended September 30, 2011): -27.63%
2 Invesco
China Fund
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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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Since
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Year
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Years
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Inception
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Class A shares: Inception (3/31/2006)
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Return Before Taxes
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13.96
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%
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-3.60
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%
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10.53
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%
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Return After Taxes on Distributions
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13.85
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-3.66
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10.28
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Return After Taxes on Distributions and Sale of Fund Shares
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9.21
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-3.01
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9.18
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Class B shares: Inception (3/31/2006)
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14.75
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-3.60
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10.65
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Class C shares: Inception (3/31/2006)
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18.71
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-3.24
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10.62
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Class Y
shares
1
:
Inception (10/3/2008)
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20.84
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-2.32
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11.62
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MSCI
EAFE
®
Index
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17.32
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-3.69
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0.92
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MSCI China 10/40 Index
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22.96
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-3.01
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11.47
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Lipper China Region Funds Index
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19.10
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-2.63
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9.15
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1
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Class Y shares’ performance shown prior to the
inception date is that of Class A shares and includes
the 12b-1 fees applicable to Class A shares. Class A
shares’ performance reflects any applicable fee waivers or
expense reimbursements.
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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 A
shares only and after-tax returns for other
classes will vary.
Management
of the Fund
Investment Adviser: Invesco Advisers, Inc.
Investment
Sub-Adviser:
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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May Lo
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Portfolio Manager
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2007
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Joseph Tang
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Portfolio Manager
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2012
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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.
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 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
China Fund
invesco.com/us
CHI-SUMPRO-1
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Summary Prospectus
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February 28,
2013
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Invesco China Fund
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Class: R5 (IACFX)
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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(s)
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 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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0.94
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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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0.36
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Total Annual Fund Operating Expenses
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1.30
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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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132
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$
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412
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$
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713
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|
|
$
|
1,568
|
|
|
|
|
|
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 109% of the average value of its
portfolio.
Principal
Investment Strategies of the Fund
The Fund invests, under normal circumstances, at least 80% of
its net assets (plus any borrowings for investment purposes) in
a diversified portfolio of issuers with substantial exposure to
China (including the People’s Republic of China, Hong Kong
and Macau). 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 Chinese
issuers (including Hong Kong and Macau), and in other
instruments that have economic characteristics similar to such
securities. The Fund uses various criteria to determine whether
an issuer is in China, including whether (1) it is
organized under the laws of China, (2) it has a principal
office in China, (3) it derives 50% or more of its total
revenues from business in China, or (4) its equity
securities are traded principally on a security exchange, or in
an over-the-counter market, in China.
The Fund invests primarily in equity securities, depositary
receipts, and participation notes. The principal types of equity
securities in which the Fund invests are common and preferred
stock and convertible securities.
The Fund may invest in the securities of issuers of all
capitalization sizes; however, the Fund may hold a significant
amount of its net assets in the securities of small- and
mid-capitalization issuers.
The Fund may 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.
In selecting securities to buy and sell, the Fund’s
portfolio managers will apply an actively managed
bottom-up
fundamental analysis and top down multi-factor analysis that
blends both growth at a reasonable price and value-oriented
disciplines. In the security selection process, the portfolio
managers will consider four main factors, including valuation,
management/franchise value determination (including management
and ownership, earnings quality, balance sheet quality and
product quality), and earnings growth.
The portfolio managers will consider whether to sell a
particular security when the security trades significantly above
its estimated fair value, when there is a permanent, fundamental
deterioration in business prospects or when a more attractive
investment opportunity is identified.
In attempting to meet its investment objective, the Fund engages
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
1 Invesco
China Fund
CHI-SUMPRO-2
governmental 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:
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.
Convertible Securities Risk
. The Fund may own convertible
securities, the value of which may be affected by market
interest rates, the risk that the issuer will default, the value
of the underlying stock or the right of the issuer to buy back
the convertible securities.
Depositary Receipts Risk
. Depositary receipts involve
many of the same risks as those associated with direct
investment 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.
Developing/Emerging Markets Securities Risk
. The prices
of 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.
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.
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.
Management Risk
. The investment techniques and risk
analysis used by the Fund’s portfolio managers may not
produce the desired results.
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.
Participation Notes Risk
. Investments in
participation notes involve the same risks associated with a
direct investment in the underlying security, currency or market
they seek to replicate. In addition, the Fund has no rights
under participation notes against the issuer of the underlying
security and is subject to the creditworthiness of the issuing
bank or broker-dealer.
Small- and Mid-Capitalization Risks
. 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.
Unique Economic and Political Risks of Investing in
China
. China remains a totalitarian country with the
following risks: nationalization, expropriation, or confiscation
of property, difficulty in obtaining
and/or
enforcing judgments, alteration or discontinuation of economic
reforms, military conflicts, either internal or with other
countries, inflation, currency fluctuations and fluctuations in
inflation and interest rates that may have negative effects on
the economy and securities markets of China, and China’s
dependency on the economies of other Asian countries, many of
which are developing countries.
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, a style specific benchmark and a peer group benchmark
comprised of funds with investment objectives and strategies
similar to the Fund. The 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 June 30, 2009): 39.34%
Worst Quarter (ended September 30, 2011): -27.54%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Annual Total Returns
(for the periods ended
December 31, 2012)
|
|
|
|
|
|
1
|
|
5
|
|
Since
|
|
|
|
|
|
Year
|
|
Years
|
|
Inception
|
|
|
|
|
|
Class R5 shares: Inception (3/31/2006)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Return Before Taxes
|
|
|
21.17
|
%
|
|
|
-1.99
|
%
|
|
|
11.99
|
%
|
|
|
|
|
|
Return After Taxes on Distributions
|
|
|
20.96
|
|
|
|
-2.13
|
|
|
|
11.65
|
|
|
|
|
|
|
Return After Taxes on Distributions and Sale of Fund Shares
|
|
|
14.02
|
|
|
|
-1.68
|
|
|
|
10.48
|
|
|
|
|
|
|
|
|
MSCI
EAFE
®
Index
|
|
|
17.32
|
|
|
|
-3.69
|
|
|
|
0.92
|
|
|
|
|
|
|
|
|
MSCI China 10/40 Index
|
|
|
22.96
|
|
|
|
-3.01
|
|
|
|
11.47
|
|
|
|
|
|
|
|
|
Lipper China Region Funds Index
|
|
|
19.10
|
|
|
|
-2.63
|
|
|
|
9.15
|
|
|
|
|
|
|
|
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.
Management
of the Fund
Investment Adviser: Invesco Advisers, Inc.
Investment
Sub-Adviser:
Invesco Hong Kong Limited
|
|
|
|
|
|
|
|
|
Portfolio Managers
|
|
Title
|
|
Length of Service on the Fund
|
|
|
|
May Lo
|
|
Portfolio Manager
|
|
|
2007
|
|
|
|
|
Joseph Tang
|
|
Portfolio Manager
|
|
|
2012
|
|
|
|
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.
2 Invesco
China Fund
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
China Fund
invesco.com/us
CHI-SUMPRO-2
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