Portfolio management changes

Transcription

1 June 28, 2018 Portfolio management changes The following portfolio management changes became effective June 28, US Retail Funds New portfolio management teams Fund/class CUSIP Ticker Previous team New team Invesco California Tax-Free Income Fund Class A Shares 00142J800 CLFAX Mark Paris Mark Paris Class B Shares J883 CLFBX John Connelly John Connelly Class C Shares 00142J875 CLFCX Tim O Reilly Tim O Reilly Class Y Shares 00142J867 CLFDX James Phillips James Phillips Invesco High Yield Municipal Fund 2 Class A Shares ACTHX Mark Paris Mark Paris Class B Shares ACTGX John Connelly John Connelly Class C Shares ACTFX Tim O Reilly Tim O Reilly Class R5 Shares ACTNX James Phillips James Phillips Class Y Shares ACTDX Invesco Intermediate Term Municipal Income Fund Class A Shares VKLMX Mark Paris Mark Paris Class B Shares VKLBX John Connelly John Connelly Class C Shares VKLCX Tim O Reilly Tim O Reilly Class Y Shares VKLIX James Phillips James Phillips Invesco Limited Term Municipal Income Fund Class A Shares ATFAX Mark Paris Mark Paris Class A2 Shares AITFX John Connelly John Connelly Class C Shares ATFCX Tim O Reilly Tim O Reilly Class R5 Shares ATFIX James Phillips James Phillips Class Y Shares ATFYX

2 Invesco Municipal Income Fund Class A Shares VKMMX Mark Paris Mark Paris Class B Shares VMIBX John Connelly John Connelly Class C Shares VMICX Tim O Reilly Tim O Reilly Class Investor Shares VMINX James Phillips James Phillips Class Y Shares VMIIX Invesco New York Tax Free Income Fund Class A Shares VNYAX Mark Paris Mark Paris Class B Shares VBNYX John Connelly John Connelly Class C Shares VNYCX Tim O Reilly Tim O Reilly Class Y Shares VNYYX James Phillips James Phillips Invesco Pennsylvania Tax Free Income Fund Class A Shares 00142J255 VKMPX Mark Paris Mark Paris Class B Shares J248 VKPAX John Connelly John Connelly Class C Shares 00142J230 VKPCX Tim O Reilly Tim O Reilly Class Y Shares 00142J222 VKPYX James Phillips James Phillips Invesco Short Duration High Yield Municipal Fund Class A Shares 00141A321 ISHAX Mark Paris Mark Paris Class C Shares 00141A313 ISHCX John Connelly John Connelly Class R5 Shares 00141A289 ISHFX Tim O Reilly Tim O Reilly Class Y Shares 00141A297 ISHYX James Phillips James Phillips Invesco Global Real Estate Fund Class A Shares 00142C367 AGREX Joe Rodriguez, Jr. (Lead) Joe Rodriguez, Jr. (co-lead) Class C Shares 00142C342 CGREX Mark Blackburn James Cowen (co-lead) Class R Shares 00142C334 RGREX James Cowen Paul Curbo (co-lead) Class R5 Shares 00142C326 IGREX Paul Curbo Ping-Ying Wang (co-lead) Class R6 Shares FGREX Darin Turner Mark Blackburn Class Y Shares 00142C219 ARGYX Ping-Ying Wang Grant Jackson Darin Turner Invesco Real Estate Fund Class A Shares 00142C565 IARAX Joe Rodriguez, Jr. (Lead) Joe Rodriguez, Jr. (co-lead) Class C Shares 00142C540 IARCX Mark Blackburn Paul Curbo (co-lead) Class R Shares 00142C458 IARRX James Cowen Grant Jackson (co-lead) Class R5 Shares 00142C466 IARIX Paul Curbo Mark Blackburn Class R6 Shares IARFX Darin Turner James Cowen

3 Class Y Shares 00142C144 IARYX Ping-Ying Wang Darin Turner Investor Class 00142C573 REINX Ping-Ying Wang Invesco All Cap Market Neutral Fund Class A Shares 00888Y391 CPNAX Michael Abata Michael Abata Class C Shares 00888Y383 CPNCX Anthony Munchak Anthony Munchak Class R Shares 00888Y375 CPNRX Glen Murphy Glen Murphy Class R5 Shares 00888Y359 CPNFX Class R6 Shares 00888Y342 CPNSX Donna WIlson Class Y Shares 00888Y367 CPNYX Invesco Equally Weighted S&P 500 Fund Class A Shares 00142J818 VADAX Anthony Munchak Anthony Munchak Class C Shares 00142J784 VADCX Glen Murphy Glen Murphy Class R Shares 00142J768 VADRX Class R6 Shares 00142J131 VADFX Class Y Shares 00142J776 VADDX Invesco Global Low Volatility Equity Yield Fund Class A Shares 00141M572 GTNDX Michael Abata Michael Abata Class C Shares 00141M556 GNDCX Uwe Draeger Nils Huter Class R Shares 00141M259 GTNRX Nils Huter Robert Nakouzi Class R5 Shares 00141M374 GNDIX Class R6 Shares 00888W239 GNDSX Class Y Shares 00888U621 GTNYX Invesco Global Market Neutral Fund Class A Shares 00888Y599 MKNAX Michael Abata Michael Abata Class C Shares 00888Y581 MKNCX Uwe Draeger Nils Huter Class R Shares 00888Y573 MKNRX Nils Huter Robert Nakouzi Class R5 Shares 00888Y557 MKNFX Class R6 Shares 00888Y540 MKNSX Class Y Shares 00888Y565 MKNYX Invesco Global Responsibility Equity Fund Class A Shares 00889A608 VSQAX Michael Abata Michael Abata Class C Shares 00889A707 VSQCX Uwe Draeger Nils Huter Class R Shares 00889A806 VSQRX Robert Nakouzi Robert Nakouzi Class R5 Shares 00889A871 VSQFX Manuela Von Ditfurth Manuela Von Ditfurth Class R6 Shares 00889A863 VSQSX Class Y Shares 00889A889 VSQYX Invesco Long/Short Equity Fund Class A Shares 00888Y334 LSQAX Michael Abata Michael Abata Class C Shares 00888Y326 LSQCX Anthony Munchak Anthony Munchak Class R Shares 00888Y318 LSQRX Glen Murphy Glen Murphy Class R5 Shares 00888Y284 LSQFX

4 Class R6 Shares 00888Y276 LSQSX Class Y Shares 00888Y292 LSQYX Invesco Low Volatility Emerging Markets Fund Class A Shares 00888Y466 LVLAX Michael Abata Michael Abata Class C Shares 00888Y458 LVLCX Uwe Draeger Su-Jin Fabian Class R Shares 00888Y441 LVLRX Nils Huter Nils Huter Class R5 Shares 00888Y425 LVLFX Class R6 Shares 00888Y417 LVLSX Class Y Shares 00888Y433 LVLYX Invesco Low Volatility Equity Yield Fund Class A Shares 00141A818 SCAUX Michael Abata Michael Abata Class C Shares 00141A784 SCCUX Anthony Munchak Anthony Munchak Investor Class 00141A594 SCNUX Glen Murphy Glen Murphy Class R Shares 00141A776 SCRUX Class R5 Shares 00141A768 SCIUX Class R6 Shares 00141A164 SLESX Class Y Shares 00141A537 SCAYX Invesco S&P 500 Index Fund Class A Shares 00142J628 SPIAX Anthony Munchak Anthony Munchak Class C Shares 00142J594 SPICX Glen Murphy Glen Murphy Class R6 Shares 00141A131 SPISX Class Y Shares 00142J586 SPIDX Invesco V.I. Equally-Weighted S&P 500 Fund Series I 00888X823 N/A Anthony Munchak Anthony Munchak Series II 00888X815 N/A Glen Murphy Glen Murphy Invesco V.I. S&P 500 Index Fund Series I 00888X880 N/A Anthony Munchak Anthony Munchak Series II 00888X872 N/A Glen Murphy Glen Murphy 1 On Nov. 30, 2010, Class B shares closed to all investors and will not re-open. 2 On Aug. 1, 2014, Invesco High Yield Municipal Fund limited public sales of its shares to certain investors. 3 On Oct. 31, 2002, Class A2 limited public sales of its shares to certain investors.

5 Why are we making these portfolio management changes? Invesco Municipal Funds is retiring from Invesco. We wish him well in this next chapter of his life. [Please see press release for closed-end funds affected]. Invesco Global Real Estate Fund & Invesco Real Estate Fund Grant Jackson was promoted from Associate Portfolio Manager to Portfolio Manager in recognition of his contributions to the team. This internal promotion reflects the team s focus on developing talent within the investment team. Grant has been with the investment team since 2005 and has 15 years of industry experience. The new structure of Co-Lead Portfolio Managers more accurately reflects the contributions made by the individual team members to each investment strategy. It also reflects the research focus of each team member. These changes will not impact the funds investment objective, process or strategy. Additionally, the number of investment professionals and day to day responsibilities of the overall team will not change. Furthermore, Joe Rodriguez Jr. will remain as CIO of the Invesco Real Estate Global Securities portfolio management team. Invesco Quantitative Strategies Funds has accepted a newly created role within Invesco as Head of Investment Due Diligence. Ms. Wilson will be leading the Invesco Due Diligence team as it engages with highly sophisticated home office due diligence professionals. In addition, Uwe Draeger will remain with Invesco Quantitative Strategies, assuming a new role as Director of Investment Office. Mr. Draeger s role will be to focus, elevate and take ownership of current projects while ensuring the Invesco Quantitative Strategies team is leveraging the global platform. Ms. Wilson s and Mr. Draeger s responsibilities will be absorbed by the remaining members of the respective portfolio management teams. We believe the teams are well positioned to continue the management of funds going forward. Nils Huter, Robert Nakouzi, and Su-Jin Fabian will be added to various IQS managed mutual funds. We believe that their additions as Portfolio Managers for the above listed products better reflects their contributions and further strengthens the investment team and its capabilities. Will these changes affect the investment objective or investment philosophy and process for these funds? No. Investment objectives, philosophies and processes for these funds will not change. Contact us Should you have questions, please contact your financial advisor for more information. Financial professionals should contact Invesco at: National Wirehouse Independent Advisor Institutional and Insurance Sales Broker Dealer Retirement Division Registered Investment Advisor Client Services Closed-End Funds Global Liquidity , option 2

6 About risk For complete details about the risks associated with each fund listed, see the prospectus. 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, materials or services available at all firms. Advisors, please contact your home office. invesco.com/us IFMC-FLY-64-E 06/18 US6934 Invesco Distributors, Inc.