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Invesco Global Opportunities Fund International/global blend Data as of March 31, 2013 Fund Facts How does the fund fit into your portfolio? Investment objective and strategy n Long-term, high conviction portfolio management. Portfolio managers seek compelling long-term investment The fund seeks long-term growth of capital by opportunities that are vetted through a rigorous investment process resulting in a concentrated portfolio of primarily investing in equity securities of domestic 40-to-60 holdings. and foreign issuers. n Bottom-up stock pickers. Unconstrained investors apply a stock-driven approach that focuses on absolute valuation and build a deep knowledge of the company. Portfolio management n Truly global approach. Regional experts draw on deep knowledge of local markets to identify attractive Nick Mustoe, Stephen Anness opportunities from around the world. Nasdaq A: IAOPX C: ICOPX Y: IYOPX n Diversification. With no constraints on sector, style, market cap or geography, the fund can serve as a R: IROPX R6: IFOPX R5: IIOPX standalone global equity fund or as a diversifier when blended with other choices. Total Net Assets $6,644,244 Investment Results Total Number of Holdings 46 Cumulative Total Returns (%) as of March 31, 2013 Annual Turnover (as of 10/31/12) 9% Class A Shares Class C Shares Class Y Shares Style-Specific Inception: 08/03/12 Inception: 08/03/12 Inception: 08/03/12 Index Top Equity Holdings % of Total Net Assets Novartis AG 5.28 Max Load Max CDSC Period 5.50% NAV 1.00% NAV NAV MSCI AC World Index Thomas Cook Group Plc 4.61 Inception 18.53 25.40 23.78 24.78 25.62 - Roche Holding Ltd. 4.38 Quarter 2.98 9.01 7.87 8.87 9.09 6.50 HSBC Holdings plc 3.76 Performance quoted is past performance and cannot guarantee comparable future results; current Citigroup Inc. 3.42 performance may be lower or higher. Visit invesco.com/performance for the most recent month-end Johnson & Johnson 3.06 performance. Performance figures reflect reinvested distributions and changes in net asset value (NAV). Investment return and principal value will vary, and you may have a gain or a loss when you sell shares. Index Samsung Electronics Co. Ltd. 2.91 returns do not reflect any fees, expenses or sales charges. No contingent deferred sales charge (CDSC) will be Microsoft Corp. 2.87 imposed on redemptions of Class C shares following one year from the date shares were purchased. Performance shown at NAV does not include applicable CDSC or front-end sales charges, which would have Hutchison Whampoa Ltd. 2.83 reduced the performance. No contingent deferred sales charge (CDSC) will be imposed on redemptions of BAE Systems plc 2.75 Class C shares following one year from the date shares were purchased. Performance shown at NAV does not include applicable CDSC or front-end sales charges, which would have reduced the performance. Class Y Holdings are subject to change and are not buy/sell shares have no sales charge; therefore, performance is at NAV. Please note: The fund has been in existence recommendations. for less than one year; cumulative performance may not be indicative of the fund’s long-term performance potential. Top Countries Index sources: Invesco, Russell via FactSet Research Systems Inc. United States 33.50 United Kingdom 17.60 Calendar-Year Total Returns (%) Class A Shares Excluding Sales Charge Switzerland 11.16 20 Hong Kong 5.75 15.04 Japan 4.74 Spain 4.59 South Korea 4.38 9.01 10 France 3.41 China 2.66 Guernsey 2.36 N/A N/A N/A N/A N/A N/A N/A N/A N/A Holdings are subject to change and are not buy/sell 0 recommendations. 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 YTD Expense Ratios % Net % Total Inception year is 2012. Return for inception year 2012 is a partial-year return. Class A Shares 1.36 3.49 Class C Shares 2.11 4.24 About risk Class Y Shares 1.11 3.24 An investment in emerging market countries carries greater risks compared to more developed economies. Per the current prospectus The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and Net = Total annual operating expenses less any economic instability, and foreign taxation issues. contractual fee waivers and/or expense reimbursements by The investment techniques and risk analysis used by portfolio managers may not produce desired results. the adviser in effect through at least Feb. 28, 2014. See Stocks of small and mid-sized companies tend to be more vulnerable to adverse developments, may be more current prospectus for more information. volatile, and may be illiquid or restricted as to resale. Class Y shares are available only to certain investors. See the prospectus for more information. The fund holdings are organized according to the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI Inc. and Standard & Poor’s. Asset allocation/diversification does not guarantee a profit or eliminate the risk of loss. The MSCI AC World Index is an index considered representative of stock markets of developed and emerging markets. An investment cannot be made directly in an index. 12-month forward and trailing P/E are calculated using weighted harmonic averaging, which helps avoid extreme results that may occur due to small relative numbers in the denominator. It doesn’t exclude extreme values; instead, it reduces the effect of outliers on the aggregate calculation. The price/book ratio is the market price of a stock divided by the book value per share. Return on equity (ROE) is net income divided by net worth. The median 12- Month Fwd. Growth Rate is the percent change between the next twelve months' mean EPS estimate and the previous twelve months' actuals. The three-year EPS growth rate is a weighted average of each stock holding's growth rate in earnings per share (EPS). EPS is total earnings divided by the number of shares outstanding. This measurement is not a forecast of the fund's performance.The five-year dividend growth rate is the weighted average of each stock holding's annualized percentage rate of growth in dividend yield over five years. This measurement is not a forecast of the fund's performance. All data provided by Invesco unless otherwise noted. For US use only. Portfolio Characteristics: Fund vs. MSCI AC World Index Valuation Statistics Equity Sector Breakdown % of Total Net Assets Fund Index Market Sector Fund Index 12-Month Forward P/E 11.78 12.94 Industrials 23.69 10.51 12-Month Trailing P/E 13.87 14.53 Consumer Discretionary 18.61 10.90 Price/Book (Wtd. Avg.) 2.70 3.02 Financials 16.09 21.22 1-Year ROE (Wtd. Avg.) 14.07 16.87 Information Technology 15.69 11.93 12-Month Fwd. Growth 12.19 11.91 Health Care 14.93 9.89 Rate (Median) (%) Energy 3.81 10.24 3-Year EPS Growth Rate 20.71 17.09 Consumer Staples 3.30 10.73 (Wtd. Avg.) (%) Telecommunication Services 1.62 4.22 5-Year Dividend Growth 0.85 5.74 Rate (Wtd. Avg.) (%) Materials 1.55 6.85 Weighted Average Market 76,820 76,322 Utilities 0.00 3.44 Cap ($MM) Sources: Invesco, MSCI Weighted Median Market 40,342 39,198 Capitalization Breakdown % of Equities Cap ($MM) Fund Index Sources: Invesco, Compustat, Thomson Financial, MSCI, Giant 49.58 52.73 StyleADVISOR Large 20.20 34.21 Asset Mix (%) Mid 22.02 12.98 at 03/31/13 at 03/31/12 Int'l Common Stk 65.11 - Small 8.19 0.08 Domestic Common Stk 33.50 - Micro 0.00 0.00 Cash 1.67 - Based on Morningstar capitalization ranges Other -0.28 - Geographic Diversification % of Total Net Assets Region A negative allocation to Cash or Other, as of the date shown, is normally due to fund activity that has accrued Europe 46.32 or is pending settlement. Asia 18.88 Latin America 0.00 Africa/Middle East 0.00 North America 34.10 Developed Market Exposure 90.90 Emerging Markets Exposure 8.40 NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE 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 ask their advisors for a prospectus/summary prospectus or visit invesco.com/fundprospectus. Note: Not all products available at all firms. Advisors, please contact your home office. Invesco Global Opportunities Fund invesco.com/us GLOPP-PC-1 04/13 Invesco Distributors, Inc. Quarterly Performance Update Invesco Global Opportunities Fund Data as of March 31, 2013 Performance summary n In the first quarter, the fund’s Class A shares at net asset value (NAV) posted a gain and outperformed the MSCI AC World Index. (Please see the returns table on page 1 for fund and index performance.) n Stock selection in the consumer discretionary sector was a key driver of the fund’s strong outperformance compared to the benchmark. Limited exposure to the materials sector, which suffered a reversal during the quarter, also contributed to fund performance. Stock selection in information technology detracted from relative performance. An underweight in consumer staples, the benchmark’s second best performer this quarter, also had a negative effect. n The fund continued to achieve favorable results in Europe, the fund’s largest regional overweight, buoyed by strong stock selection. A continued underweight in the US, which had strong returns during the quarter, detracted from fund performance. Contributors to performance - UK-based tour promoter Thomas Cook Group PLC continued to deliver strong results during the quarter (4.61% of total net assets). Shares soared as much as 12% on March 13, after the company’s new management team unveiled an ambitious growth strategy that aims to improve profits by more than $520 million by 2015. The plan includes additional cost savings, slashing store numbers and focusing on web sales. - In addition to strong earnings results released in January, shares of Swiss pharmaceutical company Novartis AG rose on news of the surprise retirement of Chairman Daniel Vasella (5.28% of total net assets). The retirement represents a change in a non-executive position, but markets hope it signals a possible change in strategic direction, with greater shareholder focus. Detractors from performance - Indra Sistemas SA is a Spanish company that provides information technology solutions and consultancy services in more than 120 countries (1.16% of total net assets). Its share price fell during the quarter, as the company cut back its dividend pay-out ratio to 40% in order to accommodate shareholders without increasing the company’s debt burden. General Eurozone nervousness, as well as more specific concerns about Spain’s challenging economic landscape, also drove the stock lower. - Reflecting a more challenging Chinese retail market, Daphne International Holdings saw weaker same store sales over the quarter (1.59% of total net assets). These results are largely consistent with the sluggish macro demand and were in line with market consensus. The results do not alter our long-term investment case for the firm. Top contributors and detractors Contributors (%) of Total Assets Detractors (%) of Total Assets 1. Thomas Cook Group PLC 4.61 1. Daphne International Holdings 1.59 2. Novartis AG 2.28 2. Indra Sistemas SA 1.16 3. Roche Holdings AG 4.38 3. Baidu Inc. 1.07 4. Trauson Holdings 0.00 4.Hon Hai Precision Industry Co. Ltd. 1.36 5. Johnson & Johnson 3.06 5. Tokyo Electron Ltd. 1.80 Positioning and outlook - During the quarter, we sold positions in energy and financials and added positions in consumer discretionary and health care. - At the end of the first quarter, the fund’s largest sector exposure continued to be industrials. The largest country exposures were the UK and Switzerland. The cash position edged slightly lower to 1.62% at quarter end. - Portfolio management is dedicated to fundamental stock picking, focused on seeking the most attractive equity investment ideas from anywhere in the world, through fundamental bottom-up research, unconstrained by geography, sector or capitalization. Opinions expressed are those of the fund’s portfolio management. Holdings are subject to change and are not buy/sell recommendations. All 3 pages of this document, including the fund fact sheet beginning on page 1, must be used together. GLOPP-UPD-1-E 04/13
"Invesco Global Opportunities Fund Quarterly Performance Update "