Invesco Funds, SICAV Product Key Facts

Transcription

1 Invesco Funds, SICAV Product Key Facts 8 June 2017 Equity Funds: Global: America: Europe: Japan: Asia: Theme Funds: Reserve Funds: Bond Funds: Mixed Funds: Invesco Global Structured Equity Fund Invesco Global Smaller Companies Equity Fund Invesco Global Equity Income Fund Invesco Latin American Equity Fund Invesco US Structured Equity Fund Invesco US Value Equity Fund Invesco US Equity Fund Invesco Pan European Structured Equity Fund Invesco Pan European Equity Fund Invesco Pan European Small Cap Equity Fund Invesco European Growth Equity Fund Invesco Pan European Equity Income Fund Invesco Emerging Europe Equity Fund Invesco Euro Equity Fund Invesco Nippon Small/Mid Cap Equity Fund Invesco Japanese Equity Advantage Fund Invesco Japanese Value Equity Fund Invesco Asia Opportunities Equity Fund Invesco Greater China Equity Fund Invesco Asia Infrastructure Fund Invesco India Equity Fund Invesco Asia Consumer Demand Fund Invesco China Focus Equity Fund Invesco Global Leisure Fund Invesco Energy Fund Invesco Global Income Real Estate Securities Fund Invesco Gold & Precious Metals Fund Invesco USD Reserve Fund Invesco Euro Reserve Fund Invesco Euro Corporate Bond Fund Invesco UK Investment Grade Bond Fund Invesco Emerging Local Currencies Debt Fund Invesco Emerging Market Corporate Bond Fund Invesco Asian Bond Fund Invesco US High Yield Bond Fund Invesco India Bond Fund Invesco Asia Balanced Fund Invesco Pan European High Income Fund

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3 Table of Contents 2 Equity Funds 2 Global 2 Invesco Global Structured Equity Fund 6 Invesco Global Smaller Companies Equity Fund 10 Invesco Global Equity Income Fund 15 America 15 Invesco Latin American Equity Fund 19 Invesco US Structured Equity Fund 23 Invesco US Value Equity Fund 27 Invesco US Equity Fund 31 Europe 31 Invesco Pan European Structured Equity Fund 36 Invesco Pan European Equity Fund 40 Invesco Pan European Small Cap Equity Fund 44 Invesco European Growth Equity Fund 48 Invesco Pan European Equity Income Fund 53 Invesco Emerging Europe Equity Fund 58 Invesco Euro Equity Fund 62 Japan 62 Invesco Nippon Small/Mid Cap Equity Fund 66 Invesco Japanese Equity Advantage Fund 70 Invesco Japanese Value Equity Fund 74 Asia 74 Invesco Asia Opportunities Equity Fund 78 Invesco Greater China Equity Fund 83 Invesco Asia Infrastructure Fund 88 Invesco India Equity Fund 92 Invesco Asia Consumer Demand Fund 97 Invesco China Focus Equity Fund 101 Theme Funds 101 Invesco Global Leisure Fund 105 Invesco Energy Fund 109 Invesco Global Income Real Estate Securities Fund 114 Invesco Gold & Precious Metals Fund 118 Reserve Funds 118 Invesco USD Reserve Fund 122 Invesco Euro Reserve Fund 126 Bond Funds 126 Invesco Euro Corporate Bond Fund 131 Invesco UK Investment Grade Bond Fund 135 Invesco Emerging Local Currencies Debt Fund 141 Invesco Emerging Market Corporate Bond Fund 147 Invesco Asian Bond Fund 153 Invesco US High Yield Bond Fund 159 Invesco India Bond Fund 166 Mixed Funds 166 Invesco Asia Balanced Fund 171 Invesco Pan European High Income Fund

4 Issuer: Invesco Asset Management Asia Limited 8 June 2017 FOR THE ATTENTION OF HONG KONG INVESTORS Quick Facts Fund Manager/ Management Company: Investment Manager: Base Currency: Custodian (Depositary): Dealing Frequency: Financial Year End: This statement provides you with key information about this product. This statement is a part of the Prospectus and should be read in conjunction with the Prospectus. You should not invest in this product based on this statement alone. Invesco Management S.A. Invesco Asset Management Deutschland GmbH, located in Germany. (internal delegation) US Dollar The Bank of New York Mellon (International) Limited, Luxembourg Branch Daily The last day of February Ongoing charges Class A (EUR hedged) accumulation EUR 1.28% + over a year: Class A annual distribution USD 1.28% + Class A monthly distribution-1 USD 1.28% + Class C (EUR hedged) accumulation EUR 0.88% + Class C (GBP hedged) accumulation GBP 0.88% + Class C annual distribution USD 0.88% + + The ongoing charges figure is calculated based on annualised expenses for the period ending 31 August 2016 divided by the average net assets over the same period. This figure may vary from year to year. It excludes portfolio transaction costs. Dividend Policy: Net Income distribution (Dividends, if any, will be paid to the investors) Accumulation (Dividends, if any, will be re-invested into the Fund) Monthly Distribution-1 (Dividends, if any, will be paid to investors monthly. The SICAV may, at its discretion, pay (a) a portion of dividends out of gross income, (b) a portion of dividends out of capital, and (c) with respect to hedged Monthly Distribution-1 Share classes (if applicable), the interest rate differential between the currency in which the share class is denominated and the base currency of the relevant Fund. The Fund may pay dividends out of capital and/or effectively out of capital and may reduce the net asset value per share of this share class immediately after the monthly distribution date) Minimum Investment/ Minimum Subscription Amount: Share class A C Initial (in any of the dealing currencies listed in the Application Form) USD1,500 EUR1,000 GBP1,000 HKD10,000 JPY120,000 AUD1,500 CAD1,500 NZD2,000 Additional - - What is this product? PRODUCT KEY FACTS Invesco Global Structured Equity Fund A sub-fund of Invesco Funds (SICAV) USD1,000,000 EUR800,000 GBP600,000 HKD8,000,000 JPY80,000,000 AUD1,000,000 CAD1,000,000 NZD1,200,000 Invesco Global Structured Equity Fund (the Fund ) is a fund constituted in the form of a mutual fund. It is domiciled in Luxembourg and its home regulator is the CSSF, Luxembourg supervisory authority. 2 1

5 Invesco Global Structured Equity Fund Objectives and Investment Strategy The objective of the Fund is to achieve long-term capital growth by investing primarily (at least 70% of its net asset value) in a diversified portfolio of equities or equity-related securities (excluding convertibles or bonds with warrants attached) of companies worldwide. In the selection of investments, the Investment Manager will follow a highly structured and clearly defined process. Quantitative indicators that are available for each stock in the investment universe are analysed and used by the Investment Manager to evaluate the relative attractiveness of each stock. The portfolio is constructed using an optimisation process that takes into account the calculated expected returns of each stock as well as risk control parameters. Non base currency risk within the Fund may be hedged at the discretion of the Investment Manager. The Fund may also hold up to 30% of its net asset value in cash and cash equivalents, money market instruments or debt securities (including convertible bonds) of issuers worldwide denominated in any convertible currency. For the avoidance of doubt, less than 30% of the net asset value of the Fund may be invested in debt securities (including convertible bonds). Not more than 10% of the net asset value of the Fund may be invested in securities issued by or guaranteed by a country which is unrated (debt securities which are not rated by any international rating agency such as Moody s, Standard & Poor s and Fitch) and/or whose credit rating is below investment grade (below investment grade is defined as credit rating that is below BBB- from Standard & Poor s and Fitch, or below Baa3 from Moody s or an equivalent rating from an internationally recognized rating agency). The Fund may use derivatives (including but not limited to futures, forwards, non-deliverable forwards, swaps and complex options structures) for hedging and efficient portfolio management purposes. Such derivatives may also incorporate derivatives on derivatives (i.e. forward dated swaps, swap options). However, financial derivative instruments will not be extensively used for investment purposes (i.e. entering into financial derivative instruments to achieve the investment objectives). What are the key risks? Investment involves risks. Please refer to the Prospectus for details including the risks factors. General investment risk - There can be no assurance that the Fund will achieve its investment objective. The instruments invested by the Fund may fall in value due to any of the key risk factors below and therefore your investment in the Fund may suffer losses. There is no guarantee of the repayment of principal. Currency exchange risk - The Fund s assets may be invested in securities denominated in currencies other than the base currency of the Fund. Also, a class of shares may be designated in a currency other than the base currency of the Fund. The net asset value of the Fund may be affected unfavorably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls. - For the hedged share classes, there is no guarantee that the exposure of the currency in which the shares are denominated can be fully hedged at all times against the base currency of the Fund or the currency or currencies in which the assets of the Fund are denominated. Investors should also note that the successful implementation of the strategy may substantially reduce the benefit to shareholders in the relevant class of shares as a result of decreases in the value of the share class currency against the base currency of the Fund. In the event that investors request payment of redemption proceeds in a currency other than the currency in which the shares are denominated, the exposure of that currency to the currency in which the shares are denominated will not be hedged. Volatility risk - Investors should note that volatility in the Fund s investment portfolio may result in large fluctuations in the net asset value of the Fund which may adversely affect the net asset value per share of the Fund and investors may as a result suffer losses. Equities risk - The value of, and income derived from, equity securities held may fall as well as rise and the Fund may not recoup the original amount invested in such securities. The prices of and the income generated by equity securities may decline in response to certain events, including the activities and results of the issuer, general political, economic and market conditions, regional or global economic instability and currency and interest rate fluctuations. Thus, this may adversely impact the Fund and/or the interests of investors. 2 3

6 Invesco Global Structured Equity Fund Risk of investing in financial derivative instruments ( FDI ) for efficient portfolio management and hedging purposes - Investments of the Fund may be composed of FDI used for efficient portfolio management or to attempt to hedge or reduce the overall risk of its investments. Risks associated with FDI include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDI may lead to a high risk of significant loss by the Fund. Risks associated with payment of dividends and/or fees and expenses out of capital - Payment of dividends out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction of the net asset value per share in respect of such share class after the monthly distribution date. How has the Fund performed? % Share Class The Fund Manager views Class A annual distribution - USD (the Share Class ), being the focus share class of the Fund available to the public of Hong Kong, as the most appropriate representative unit class. Fund launch date: 11 December Share Class launch date: 11 December The base currency of the Fund is USD. Past performance of the Share Class is calculated in USD. Performance is calculated after deduction of ongoing charges and is inclusive of gross income reinvested. Any entry/exit charges shown are excluded from the calculation. Past performance is not a guide to future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-To-NAV, with dividend reinvested. These figures show by how much the Share Class increased or decreased in value during the calendar year being shown. Where no past performance is shown, there was insufficient data available in that year to provide performance. Is there any guarantee? The Fund does not have any guarantees. You may not get back the full amount of money you invest. What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the Fund. Fee What you pay Subscription fee/ Initial charge Switching fee Redemption fee Class A, C: Not exceeding 5.00% of the gross investment amount. Up to 1.00% of the value of the shares being switched. 4 3

7 Invesco Global Structured Equity Fund Ongoing fees payable by the Fund The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments. Management fee* Class A: 1.00% Class C: 0.60% Annual rate (as a % of the Fund s value) Custodian fee/ Depositary charge Performance fee Administration fee Distribution fee Up to % Service agents fee Class A: Up to 0.40% Class C: Up to 0.30% *The fees can be increased subject to the prior approval of the Securities and Futures Commission ( SFC ) and by giving not less than three months prior notice to the investors. Other fees You may have to pay other fees when dealing in the shares of the Fund. Additional Information The compositions of the dividends (i.e. the relative amounts paid out of (i) net distributable income and (ii) capital) for the last 12 months ("Dividend Composition Information") are available from the Hong Kong Sub-Distributor and Representative, Invesco Asset Management Asia Limited, on request and at This website has not been reviewed by the SFC. You generally buy and redeem shares at the Fund s next-determined net asset value after the Hong Kong Sub-Distributor and Representative, Invesco Asset Management Asia Limited, receives your request in good order on or before 5:00 pm, Hong Kong time, being the Fund s dealing cut-off time. Before placing your subscription or redemption orders, please check with your distributor for the distributor s internal cut-off time (which may be earlier than the Fund s dealing cut-off time). The net asset value of the Fund is calculated each Business Day as defined in the Prospectus and the price of shares is published each Hong Kong business day (i.e. a day on which banks in Hong Kong are open for normal banking business) at This website has not been reviewed by the SFC. Investors may obtain the past performance information of other share classes offered to Hong Kong investors at This website has not been reviewed by the SFC. Investors may obtain other information of this product at This website has not been reviewed by the SFC. Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 4 5

8 Issuer: Invesco Asset Management Asia Limited 8 June 2017 FOR THE ATTENTION OF HONG KONG INVESTORS Quick Facts Fund Manager/ Management Company: Investment Manager: Investment Sub-manager: Base Currency: Custodian (Depositary): Dealing Frequency: Financial Year End: This statement provides you with key information about this product. This statement is a part of the Prospectus and should be read in conjunction with the Prospectus. You should not invest in this product based on this statement alone. Invesco Management S.A. Invesco Advisers, Inc., located in the USA. (Internal delegation) Invesco Asset Management Limited, located in the UK. (Internal delegation) US Dollar The Bank of New York Mellon (International) Limited, Luxembourg Branch Daily The last day of February Ongoing charges Class A (EUR hedged) accumulation EUR 2.03% + over a year: Class A accumulation USD 2.03% + Class A semi-annual distribution USD 2.03% + Class C accumulation USD 1.28% + + The ongoing charges figure is calculated based on annualised expenses for the period ending 31 August 2016 divided by the average net assets over the same period. This figure may vary from year to year. It excludes portfolio transaction costs. Dividend Policy: Net Income distribution (Dividend, if any, will be paid to the investors) Accumulation (Dividend, if any, will be re-invested into the Fund) Minimum Investment/ Minimum Subscription Amount: Share class A C Initial (in any of the dealing currencies listed in the Application Form) USD1,500 EUR1,000 GBP1,000 HKD10,000 JPY120,000 AUD1,500 CAD1,500 NZD2,000 Additional - - What is this product? USD1,000,000 EUR800,000 GBP600,000 HKD8,000,000 JPY80,000,000 AUD1,000,000 CAD1,000,000 NZD1,200,000 Invesco Global Smaller Companies Equity Fund (the Fund ) is a fund constituted in the form of a mutual fund. It is domiciled in Luxembourg and its home regulator is the CSSF, Luxembourg supervisory authority. Objectives and Investment Strategy PRODUCT KEY FACTS Invesco Global Smaller Companies Equity Fund A sub-fund of Invesco Funds (SICAV) The objective of the Fund is to achieve long-term capital growth through a portfolio of investments in global equities. The Fund intends to invest primarily (at least 70% of the net asset value of the Fund) in equity and equity related securities of smaller companies, which are quoted on the world s stock markets. In pursuing this objective the Fund may include other investments that are considered appropriate which may include equity and equity related securities in large cap companies. 6 1

9 Invesco Global Smaller Companies Equity Fund Not more than 10% of the net asset value of the Fund may be invested in securities issued by or guaranteed by a country which is unrated (debt securities which are not rated by any international rating agency such as Moody s, Standard & Poor s and Fitch) and/or whose credit rating is below investment grade (below investment grade is defined as credit rating that is below BBB- from Standard & Poor s and Fitch, or below Baa3 from Moody s or an equivalent rating from an internationally recognized rating agency). The Fund may use derivatives (including but not limited to futures, forwards, non-deliverable forwards, swaps and complex options structures) for hedging and efficient portfolio management purposes. Such derivatives may also incorporate derivatives on derivatives (i.e. forward dated swaps, swap options). However, financial derivative instruments will not be extensively used for investment purposes (i.e. entering into financial derivative instruments to achieve the investment objectives). What are the key risks? Investment involves risks. Please refer to the Prospectus for details including the risks factors. General investment risk - There can be no assurance that the Fund will achieve its investment objective. The instruments invested by the Fund may fall in value due to any of the key risk factors below and therefore your investment in the Fund may suffer losses. There is no guarantee of the repayment of principal. Currency exchange risk - The Fund s assets may be invested in securities denominated in currencies other than the base currency of the Fund. Also, a class of shares may be designated in a currency other than the base currency of the Fund. The net asset value of the Fund may be affected unfavorably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls. - For the hedged share classes, there is no guarantee that the exposure of the currency in which the shares are denominated can be fully hedged at all times against the base currency of the Fund or the currency or currencies in which the assets of the Fund are denominated. Investors should also note that the successful implementation of the strategy may substantially reduce the benefit to shareholders in the relevant class of shares as a result of decreases in the value of the share class currency against the base currency of the Fund. In the event that investors request payment of redemption proceeds in a currency other than the currency in which the shares are denominated, the exposure of that currency to the currency in which the shares are denominated will not be hedged. Volatility risk - Investors should note that volatility in the Fund s investment portfolio may result in large fluctuations in the net asset value of the Fund which may adversely affect the net asset value per share of the Fund and investors may as a result suffer losses. Equities risk - The value of, and income derived from, equity securities held may fall as well as rise and the Fund may not recoup the original amount invested in such securities. The prices of and the income generated by equity securities may decline in response to certain events, including the activities and results of the issuer, general political, economic and market conditions, regional or global economic instability and currency and interest rate fluctuations. Thus, this may adversely impact the Fund and/or the interests of investors. Concentration risk - As the Fund will invest primarily in equity and equity related securities of smaller companies, such concentration may exhibit a higher than usual degree of risk and the Fund may be subject to above average volatility. The diversification benefits that would ordinarily accrue from investment in a fund having a more diverse portfolio of investments, may not apply to this Fund. Risk of investing in smaller companies - Investment in smaller companies may involve greater risks and thus may be considered speculative. Many small company stocks trade less frequently and in smaller volumes and may be subject to more abrupt or erratic price movements than stocks of larger companies. The securities of small companies may also be more sensitive to market changes than securities in large companies. As such, this may adversely impact the Fund and/or the interests of investors. Risk of Eurozone crisis - The Fund may have significant investment exposure to the Eurozone or the Euro. In light of ongoing concerns on the sovereign debt risk of certain countries within the Eurozone, the Fund s investments in the region may be subject to higher volatility, liquidity, currency and default risks. Any adverse events, such as credit downgrade of a sovereign or exit of EU members from the Eurozone or other adverse economic, political, policy, foreign exchange, tax, legal or regulatory event affecting the Eurozone markets, may have a negative impact on the value of the Fund. 2 7

10 Invesco Global Smaller Companies Equity Fund Risk of investing in financial derivative instruments ( FDI ) for efficient portfolio management and hedging purposes - Investments of the Fund may be composed of FDI used for efficient portfolio management or to attempt to hedge or reduce the overall risk of its investments. Risks associated with FDI include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDI may lead to a high risk of significant loss by the Fund. How has the Fund performed? % Share Class The Fund Manager views Class A accumulation - USD (the Share Class ), being the focus share class of the Fund available to the public of Hong Kong, as the most appropriate representative unit class. Fund launch date: 30 June Share Class launch date: 30 September The base currency of the Fund is USD. Past performance of the Share Class is calculated in USD. Performance is calculated after deduction of ongoing charges and is inclusive of gross income reinvested. Any entry/exit charges shown are excluded from the calculation. Past performance is not a guide to future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-To-NAV, with dividend reinvested. These figures show by how much the Share Class increased or decreased in value during the calendar year being shown. Where no past performance is shown, there was insufficient data available in that year to provide performance. Is there any guarantee? The Fund does not have any guarantees. You may not get back the full amount of money you invest. What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the Fund. Fee What you pay Subscription fee/ Initial charge Switching fee Redemption fee Class A, C: Not exceeding 5.00% of the gross investment amount. Up to 1.00% of the value of the shares being switched. 8 3

11 Ongoing fees payable by the Fund Invesco Global Smaller Companies Equity Fund The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments. Management fee* Class A: 1.60% Class C: 0.95% Annual rate (as a % of the Fund s value) Custodian fee/ Depositary charge Performance fee Administration fee Distribution fee Up to % Class A, C: Service agents fee Class A: Up to 0.40% Class C: Up to 0.30% *The fees can be increased subject to the prior approval of the Securities and Futures Commission ( SFC ) and by giving not less than three months prior notice to the investors. Other fees You may have to pay other fees when dealing in the shares of the Fund. Additional Information You generally buy and redeem shares at the Fund s next-determined net asset value after the Hong Kong Sub- Distributor and Representative, Invesco Asset Management Asia Limited, receives your request in good order on or before 5:00 pm, Hong Kong time, being the Fund s dealing cut-off time. Before placing your subscription or redemption orders, please check with your distributor for the distributor s internal cut-off time (which may be earlier than the Fund s dealing cut-off time). The net asset value of the Fund is calculated each Business Day as defined in the Prospectus and the price of shares is published each Hong Kong business day (i.e. a day on which banks in Hong Kong are open for normal banking business) at This website has not been reviewed by the SFC. Investors may obtain the past performance information of other share classes offered to Hong Kong investors at This website has not been reviewed by the SFC. Investors may obtain other information of this product at This website has not been reviewed by the SFC. Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 4 9

12 Issuer: Invesco Asset Management Asia Limited 8 June 2017 FOR THE ATTENTION OF HONG KONG INVESTORS Quick Facts Fund Manager/ Management Company: Investment Manager: Base Currency: Custodian (Depositary): Dealing Frequency: Financial Year End: This statement provides you with key information about this product. This statement is a part of the Prospectus and should be read in conjunction with the Prospectus. You should not invest in this product based on this statement alone. Invesco Management S.A. Invesco Asset Management Limited, located in the UK. (internal delegation) US Dollar The Bank of New York Mellon (International) Limited, Luxembourg Branch Daily The last day of February PRODUCT KEY FACTS Invesco Global Equity Income Fund A sub-fund of Invesco Funds (SICAV) Ongoing charges Class A (EUR hedged) accumulation EUR 1.70% + over a year: Class A accumulation USD 1.70% + Class A semi-annual distribution USD 1.70% + Class A monthly distribution gross income USD 1.70% + Class A monthly distribution-1 USD 1.70% + Class A (AUD hedged) monthly distribution-1 AUD 1.70% + Class A (CAD hedged) monthly distribution-1 CAD 1.70% + Class A (NZD hedged) monthly distribution-1 NZD 1.70% + Class C accumulation USD 0.97% + + The ongoing charges figure is calculated based on annualised expenses for the period ending 31 August 2016 divided by the average net assets over the same period. This figure may vary from year to year. It excludes portfolio transaction costs. Dividend Policy: Net Income distribution (Dividends, if any, will be paid to investors) Gross Income distribution (Dividends, if any, will be paid to investors) # Accumulation (Dividends, if any, will be re-invested into the Fund) Monthly Distribution-1 (Dividends, if any, will be paid to investors monthly. The SICAV may, at its discretion, pay (a) a portion of dividends out of gross income, (b) a portion of dividends out of capital, and (c) with respect to hedged Monthly Distribution-1 Share classes (if applicable), the interest rate differential between the currency in which the share class is denominated and the base currency of the relevant Fund. The Fund may pay dividends out of capital and/or effectively out of capital and may reduce the net asset value per share of this share class immediately after the monthly distribution date) # The SICAV may at its discretion pay dividend out of gross income while paying all or part of the share class fees and expenses out of the capital of the share class, resulting in an increase in distributable income for the payment of dividends by the share class and therefore, the share class may effectively pay dividend out of capital and may reduce the net asset value per share of this share class immediately after the relevant distribution date. 10 1

13 Minimum Investment/ Minimum Subscription Amount: Share class A C Initial (in any of the dealing currencies listed in the Application Form) USD1,500 EUR1,000 GBP1,000 HKD10,000 JPY120,000 AUD1,500 CAD1,500 NZD2,000 Additional - - What is this product? USD1,000,000 EUR800,000 GBP600,000 HKD8,000,000 JPY80,000,000 AUD1,000,000 CAD1,000,000 NZD1,200,000 Invesco Global Equity Income Fund Invesco Global Equity Income Fund (the Fund ) is a fund constituted in the form of a mutual fund. It is domiciled in Luxembourg and its home regulator is the CSSF, Luxembourg supervisory authority. Objectives and Investment Strategy The Fund aims to generate a rising level of income, together with long-term capital growth, investing primarily (at least 70% of the net asset value of the Fund) in global equities. In pursuing this objective, the Investment Manager may include investments that they consider appropriate, which include transferable securities, money market instruments, warrants, undertakings for collective investment, deposits and other permitted investments. Not more than 10% of the net asset value of the Fund may be invested in securities issued by or guaranteed by a country which is unrated (debt securities which are not rated by any international rating agency such as Moody s, Standard & Poor s and Fitch) and/or whose credit rating is below investment grade (below investment grade is defined as credit rating that is below BBB- from Standard & Poor s and Fitch, or below Baa3 from Moody s or an equivalent rating from an internationally recognized rating agency). The Fund may use derivatives (including but not limited to futures, forwards, non-deliverable forwards, swaps and complex options structures) for hedging and efficient portfolio management purposes. Such derivatives may also incorporate derivatives on derivatives (i.e. forward dated swaps, swap options). However, financial derivative instruments will not be extensively used for investment purposes (i.e. entering into financial derivative instruments to achieve the investment objectives). What are the key risks? Investment involves risks. Please refer to the Prospectus for details including the risks factors. General investment risk - There can be no assurance that the Fund will achieve its investment objective. The instruments invested by the Fund may fall in value due to any of the key risk factors below and therefore your investment in the Fund may suffer losses. There is no guarantee of the repayment of principal. Currency exchange risk - The Fund s assets may be invested in securities denominated in currencies other than the base currency of the Fund. Also, a class of shares may be designated in a currency other than the base currency of the Fund. The net asset value of the Fund may be affected unfavorably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls. - For the hedged share classes, there is no guarantee that the exposure of the currency in which the Shares are denominated can be fully hedged at all times against the base currency of the Fund or the currency or currencies in which the assets of the Fund are denominated. Investors should also note that the successful implementation of the strategy may substantially reduce the benefit to shareholders in the relevant class of shares as a result of decreases in the value of the share class currency against the base currency of the Fund. In the event that investors request payment of redemption proceeds in a currency other than the currency in which the shares are denominated, the exposure of that currency to the currency in which the shares are denominated will not be hedged. Volatility risk - Investors should note that volatility in the Fund's investment portfolio may result in large fluctuations in the net asset value of the Fund which may adversely affect the net asset value per share of the Fund and investors may as a result suffer losses. 2 11

14 Invesco Global Equity Income Fund Equities risk - The value of, and income derived from, equity securities held may fall as well as rise and the Fund may not recoup the original amount invested in such securities. The prices of and the income generated by equity securities may decline in response to certain events, including the activities and results of the issuer, general political, economic and market conditions, regional or global economic instability and currency and interest rate fluctuations. Thus, this may adversely impact the Fund and/or the interests of investors. Risk of investing in financial derivative instruments ( FDI ) for efficient portfolio management and hedging purposes - Investments of the Fund may be composed of FDI used for efficient portfolio management or to attempt to hedge or reduce the overall risk of its investments. Risks associated with FDI include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDI may lead to a high risk of significant loss by the Fund. Risks associated with payment of dividends and/or fees and expenses out of capital - Payment of dividends out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction of the net asset value per share in respect of such share class after the monthly distribution date. - For Monthly Distribution-1 share classes that are currency hedged, the Fund may take into account the return driven by the interest rate differential between the currency in which the hedged Monthly Distribution-1 share class is denominated and the base currency of the Fund in determining the distribution to be paid. Investors should be aware of the uncertainty of relative interest rates which will have an impact on the return of the hedged Monthly Distribution-1 share class. The net asset value of the Monthly Distribution-1 hedged share class may fluctuate and may significantly differ from other share class due to the fluctuation of the interest rate differential between the currency in which the hedged Monthly Distribution-1 share class is denominated and the base currency of the Fund, and may result in an increase in the amount of distribution that is paid out of capital and hence a greater erosion of capital than other non-hedged share class. Investors in such share class may therefore be adversely affected. How has the Fund performed? % Share Class The Fund Manager views Class A accumulation - USD (the Share Class ), being the focus share class of the Fund available to the public of Hong Kong, as the most appropriate representative unit class. Fund launch date: 30 June Share Class launch date: 30 September The base currency of the Fund is USD. Past performance of the Share Class is calculated in USD. Performance is calculated after deduction of ongoing charges and is inclusive of gross income reinvested. Any entry/exit charges shown are excluded from the calculation. Past performance is not a guide to future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-To-NAV, with dividend reinvested. These figures show by how much the Share Class increased or decreased in value during the calendar year being shown. Where no past performance is shown, there was insufficient data available in that year to provide performance. 12 3

15 Is there any guarantee? Invesco Global Equity Income Fund The Fund does not have any guarantees. You may not get back the full amount of money you invest. What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the Fund. Fee What you pay Subscription fee/ Initial charge Switching fee Redemption fee Class A, C: Not exceeding 5.00% of the gross investment amount. Up to 1.00% of the value of the shares being switched. Ongoing fees payable by the Fund The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments. Management fee* Class A: 1.40% Class C: 0.75% Annual rate (as a % of the Fund s value) Custodian fee/ Depositary charge Performance fee Administration fee Distribution fee Up to % Class A, C: Service agents fee Class A: Up to 0.40% Class C: Up to 0.30% *The fees can be increased subject to the prior approval of the Securities and Futures Commission ( SFC ) and by giving not less than three months prior notice to the investors. Other fees You may have to pay other fees when dealing in the shares of the Fund. 4 13

16 Invesco Global Equity Income Fund Additional Information The Compositions of the dividends (i.e. the relative amounts paid out of (i) net distributable income and (ii) capital) for the last 12 months ( Dividend Composition Information ) are available from the Hong Kong Sub-Distributor and Representative, Invesco Asset Management Asia Limited, on request and at This website has not been reviewed by the SFC. You generally buy and redeem shares at the Fund s next-determined net asset value after the Hong Kong Sub- Distributor and Representative, Invesco Asset Management Asia Limited, receives your request in good order on or before 5:00 pm, Hong Kong time, being the Fund s dealing cut-off time. Before placing your subscription or redemption orders, please check with your distributor for the distributor s internal cut-off time (which may be earlier than the Fund s dealing cut-off time). The net asset value of the Fund is calculated each Business Day as defined in the Prospectus and the price of shares is published each Hong Kong business day (i.e. a day on which banks in Hong Kong are open for normal banking business) at This website has not been reviewed by the SFC. Investors may obtain the past performance information of other share classes offered to Hong Kong investors at This website has not been reviewed by the SFC. Investors may obtain other information of this product at This website has not been reviewed by the SFC. Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 14 5

17 Issuer: Invesco Asset Management Asia Limited 8 June 2017 FOR THE ATTENTION OF HONG KONG INVESTORS Quick Facts Fund Manager/ Management Company: Investment Manager: Base Currency: Custodian (Depositary): Dealing Frequency: Financial Year End: This statement provides you with key information about this product. This statement is a part of the Prospectus and should be read in conjunction with the Prospectus. You should not invest in this product based on this statement alone. Invesco Management S.A. Invesco Asset Management Limited, located in the UK. (internal delegation) US Dollar The Bank of New York Mellon (International) Limited, Luxembourg Branch Daily The last day of February Ongoing charges Class A (EUR hedged) accumulation EUR 2.33% + over a year: Class A accumulation USD 2.33% + Class C (EUR hedged) accumulation EUR 1.73% + Class C accumulation USD 1.73% + + The ongoing charges figure is calculated based on annualised expenses for the period ending 31 August 2016 divided by the average net assets over the same period. This figure may vary from year to year. It excludes portfolio transaction costs. Dividend Policy: Accumulation (Dividends, if any, will be re-invested into the Fund) Minimum Investment/ Minimum Subscription Amount: Share class A C Initial (in any of the dealing currencies listed in the Application Form) USD1,500 EUR1,000 GBP1,000 HKD10,000 JPY120,000 AUD1,500 CAD1,500 NZD2,000 Additional - - What is this product? USD1,000,000 EUR800,000 GBP600,000 HKD8,000,000 JPY80,000,000 AUD1,000,000 CAD1,000,000 NZD1,200,000 Invesco Latin American Equity Fund (the Fund ) is a fund constituted in the form of a mutual fund. It is domiciled in Luxembourg and its home regulator is the CSSF, Luxembourg supervisory authority. Objectives and Investment Strategy PRODUCT KEY FACTS Invesco Latin American Equity Fund A sub-fund of Invesco Funds (SICAV) The Fund aims to achieve long-term capital growth through investing in Latin American companies. The Fund will invest primarily (at least 70% of the net asset value of the Fund) in listed equity or equity related securities of (i) companies with their registered office in a Latin American country (ii) companies established or located in countries outside of Latin America but carrying out their business activities predominantly in Latin America, or (iii) holding companies the interests of which are predominantly invested in equity of companies having their registered office in a Latin American country. For the purposes of the Fund, Latin American countries are countries in South and Central America (including Mexico) and the Caribbean. 1 15

18 Invesco Latin American Equity Fund Not more than 10% of the net asset value of the Fund may be invested in securities issued by or guaranteed by a country which is unrated (debt securities which are not rated by any international rating agency such as Moody s, Standard & Poor s and Fitch) and/or whose credit rating is below investment grade (below investment grade is defined as credit rating that is below BBB- from Standard & Poor s and Fitch, or below Baa3 from Moody s or an equivalent rating from an internationally recognized rating agency). The Fund may also invest in cash and cash equivalents, money market instruments, equity and equity related securities issued by companies or other entities not meeting the above requirements or in debt securities (including convertible bonds) of issuers worldwide. For the avoidance of doubt, less than 30% of the net asset value of the Fund may be invested in debt securities (including convertible bonds). The Fund may use derivatives (including but not limited to futures, forwards, non-deliverable forwards, swaps and complex options structures) for hedging and efficient portfolio management purposes. Such derivatives may also incorporate derivatives on derivatives (i.e. forward dated swaps, swap options). However, financial derivative instruments will not be extensively used for investment purposes (i.e. entering into financial derivative instruments to achieve the investment objectives). What are the key risks? Investment involves risks. Please refer to the Prospectus for details including the risks factors. General investment risk - There can be no assurance that the Fund will achieve its investment objective. The instruments invested by the Fund may fall in value due to any of the key risk factors below and therefore your investment in the Fund may suffer losses. There is no guarantee of the repayment of principal. Currency exchange risk - The Fund s assets may be invested in securities denominated in currencies other than the base currency of the Fund. Also, a class of shares may be designated in a currency other than the base currency of the Fund. The net asset value of the Fund may be affected unfavorably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls. - For the hedged share classes, there is no guarantee that the exposure of the currency in which the shares are denominated can be fully hedged at all times against the base currency of the Fund or the currency or currencies in which the assets of the Fund are denominated. Investors should also note that the successful implementation of the strategy may substantially reduce the benefit to shareholders in the relevant class of shares as a result of decreases in the value of the share class currency against the base currency of the Fund. In the event that they request payment of redemption proceeds in a currency other than the currency in which the shares are denominated, the exposure of that currency to the currency in which the shares are denominated will not be hedged. Volatility risk - Investors should note that volatility in the Fund s investment portfolio may result in large fluctuations in the net asset value of the Fund which may adversely affect the net asset value per share of the Fund and investors may as a result suffer losses. Equities risk - The value of, and income derived from, equity securities held may fall as well as rise and the Fund may not recoup the original amount invested in such securities. The prices of and the income generated by equity securities may decline in response to certain events, including the activities and results of the issuer, general political, economic and market conditions, regional or global economic instability and currency and interest rate fluctuations. Thus, this may adversely impact the Fund and/or the interests of investors. Concentration risk - As the Fund will invest primarily in listed equity or equity related securities of companies in Latin American countries, such concentration may exhibit a higher than usual degree of risk and the Fund may be subject to above average volatility. The diversification benefits that would ordinarily accrue from investment in a fund having a more diverse portfolio of investments, may not apply to this Fund. Emerging markets risk - Investment in emerging market countries in Latin America may exhibit higher risk as the securities markets of emerging market countries are not as large as the more established securities markets and have substantially less trading volume. - Investors should note the special considerations not typically associated with investment in more developed markets such as, liquidity risk, currency risks/control, political and economic uncertainties, policy, legal or regulatory event affecting the relevant markets and taxation risks, settlement risks, custody risk and the likelihood of a high degree of volatility. 16 2

19 Invesco Latin American Equity Fund Risk of investing in financial derivative instruments ( FDI ) for efficient portfolio management and hedging purposes - Investments of the Fund may be composed of FDI used for efficient portfolio management or to attempt to hedge or reduce the overall risk of its investments. Risks associated with FDI include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDI may lead to a high risk of significant loss by the Fund. How has the Fund performed? % Share Class The Fund Manager views Class A accumulation - USD (the Share Class ), being the focus share class of the Fund available to the public of Hong Kong, as the most appropriate representative unit class. Fund launch date: 11 August Share Class launch date: 11 August The base currency of the Fund is USD. Past performance of the Share Class is calculated in USD. Performance is calculated after deduction of ongoing charges and is inclusive of gross income reinvested. Any entry/exit charges shown are excluded from the calculation. Past performance is not a guide to future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-To-NAV, with dividend reinvested. These figures show by how much the Share Class increased or decreased in value during the calendar year being shown. Where no past performance is shown, there was insufficient data available in that year to provide performance. Is there any guarantee? The Fund does not have any guarantees. You may not get back the full amount of money you invest. What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the Fund. Fee What you pay Subscription fee/ Initial charge Switching fee Redemption fee Class A, C: Not exceeding 5.00% of the gross investment amount. Up to 1.00% of the value of the shares being switched. 3 17

20 Ongoing fees payable by the Fund Invesco Latin American Equity Fund The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments. Management fee* Class A: 1.50% Class C: 1.00% Annual rate (as a % of the Fund s value) Custodian fee/ Depositary charge Performance fee Administration fee Distribution fee Up to % Service agents fee Class A: Up to 0.40% Class C: Up to 0.30% *The fees can be increased subject to the prior approval of the Securities and Futures Commission ( SFC ) and by giving not less than three months prior notice to the investors. Other fees You may have to pay other fees when dealing in the shares of the Fund. Additional Information You generally buy and redeem shares at the Fund s next-determined net asset value after the Hong Kong Sub- Distributor and Representative, Invesco Asset Management Asia Limited, receives your request in good order on or before 5:00 pm, Hong Kong time, being the Fund s dealing cut-off time. Before placing your subscription or redemption orders, please check with your distributor for the distributor s internal cut-off time (which may be earlier than the Fund s dealing cut-off time). The net asset value of the Fund is calculated and each Business Day as defined in the Prospectus and the price of shares is published each Hong Kong business day (i.e. a day on which banks in Hong Kong are open for normal banking business) at This website has not been reviewed by the SFC. Investors may obtain the past performance information of other share classes offered to Hong Kong investors at This website has not been reviewed by the SFC. Investors may obtain other information of this product at This website has not been reviewed by the SFC. Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 18 4

21 Issuer: Invesco Asset Management Asia Limited 8 June 2017 FOR THE ATTENTION OF HONG KONG INVESTORS Quick Facts Fund Manager/ Management Company: Investment Manager: Base Currency: Custodian (Depositary): Dealing Frequency: Financial Year End: This statement provides you with key information about this product. This statement is a part of the Prospectus and should be read in conjunction with the Prospectus. You should not invest in this product based on this statement alone. Invesco Management S.A. Invesco Advisers, Inc., located in the USA. (internal delegation) US Dollar The Bank of New York Mellon (International) Limited, Luxembourg Branch Daily The last day of February Ongoing charges Class A (EUR hedged) accumulation EUR 1.30% + over a year: Class A accumulation USD 1.30% + Class B accumulation USD 2.30% + Class C (EUR hedged) accumulation EUR 0.90% + Class C accumulation USD 0.90% + + The ongoing charges figure is calculated based on annualised expenses for the period ending 31 August 2016 divided by the average net assets over the same period. This figure may vary from year to year. It excludes portfolio transaction costs. Dividend Policy: Accumulation (Dividends, if any, will be re-invested into the Fund) Minimum Investment/ Minimum Subscription Amount: Share class A B C Initial (in any of the dealing currencies listed in the Application Form) USD1,500 EUR1,000 GBP1,000 HKD10,000 JPY120,000 AUD1,500 CAD1,500 NZD2,000 USD1,500 EUR1,000 GBP1,000 HKD10,000 JPY120,000 AUD1,500 CAD1,500 NZD2,000 Additional What is this product? USD1,000,000 EUR800,000 GBP600,000 HKD8,000,000 JPY80,000,000 AUD1,000,000 CAD1,000,000 NZD1,200,000 Invesco US Structured Equity Fund (the Fund ) is a fund constituted in the form of a mutual fund. It is domiciled in Luxembourg and its home regulator is the CSSF, Luxembourg supervisory authority. Objectives and Investment Strategy PRODUCT KEY FACTS Invesco US Structured Equity Fund A sub-fund of Invesco Funds (SICAV) The objective of the Fund is to achieve long-term capital appreciation by investing in a diversified portfolio of large cap equities listed on recognised US stock exchanges. The Fund shall primarily (at least 70% of the net asset value of the Fund) invest at all times in equities of large cap companies with their registered office in the US or exercising their business activities predominantly in the US. For the present purposes large cap shall mean companies having a market capitalisation exceeding USD 1 billion. 1 19

22 Invesco US Structured Equity Fund Up to 30% of the net asset value of the Fund may be invested in aggregate in cash and cash equivalents, money market instruments, equity and equity related instruments issued by companies or other entities not meeting the above requirement or debt securities (including convertible debt) of issuers worldwide. For the avoidance of doubt, less than 30% of the net asset value of the Fund may be invested in debt securities (including convertible debt). Not more than 10% of the net asset value of the Fund may be invested in securities issued by or guaranteed by a country which is unrated (debt securities which are not rated by any international rating agency such as Moody s, Standard & Poor s and Fitch) and/or whose credit rating is below investment grade (below investment grade is defined as credit rating that is below BBB- from Standard & Poor s and Fitch, or below Baa3 from Moody s or an equivalent rating from an internationally recognized rating agency). The stock selection follows a highly structured and clearly defined investment process. Quantitative indicators that are available for each stock in the investment universe are analysed and used by the Investment Manager to evaluate the relative attractiveness of each stock. The portfolio is constructed using an optimisation process that takes into account the calculated expected returns of each stock as well as risk control parameters. The Fund may use derivatives (including but not limited to futures, forwards, non-deliverable forwards, swaps and complex options structures) for hedging and efficient portfolio management purposes. Such derivatives may also incorporate derivatives on derivatives (i.e. forward dated swaps, swap options). However, financial derivative instruments will not be extensively used for investment purposes (i.e. entering into financial derivative instruments to achieve the investment objectives). What are the key risks? Investment involves risks. Please refer to the Prospectus for details including the risks factors. General investment risk - There can be no assurance that the Fund will achieve its investment objective. The instruments invested by the Fund may fall in value due to any of the key risk factors below and therefore your investment in the Fund may suffer losses. There is no guarantee of the repayment of principal. Currency exchange risk - The Fund s assets may be invested in securities denominated in currencies other than the base currency of the Fund. Also, a class of shares may be designated in a currency other than the base currency of the Fund. The net asset value of the Fund may be affected unfavorably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls. - For the hedged share classes, there is no guarantee that the exposure of the currency in which the shares are denominated can be fully hedged at all times against the base currency of the Fund or the currency or currencies in which the assets of the Fund are denominated. Investors should also note that the successful implementation of the strategy may substantially reduce the benefit to shareholders in the relevant class of shares as a result of decreases in the value of the share class currency against the base currency of the Fund. In the event that investors request payment of redemption proceeds in a currency other than the currency in which the shares are denominated, the exposure of that currency to the currency in which the shares are denominated will not be hedged. Volatility risk - Investors should note that volatility in the Fund s investment portfolio may result in large fluctuations in the net asset value of the Fund which may adversely affect the net asset value per share of the Fund and investors may as a result suffer losses. Equities risk - The value of, and income derived from, equity securities held may fall as well as rise and the Fund may not recoup the original amount invested in such securities. The prices of and the income generated by equity securities may decline in response to certain events, including the activities and results of the issuer, general political, economic and market conditions, regional or global economic instability and currency and interest rate fluctuations. Thus, this may adversely impact the Fund and/or the interests of investors. Concentration risk - As the Fund will invest primarily in companies in large cap equities listed on recognised US stock exchanges, such concentration may exhibit a higher than usual degree of risk and the Fund may be subject to above average volatility. The diversification benefits that would ordinarily accrue from investment in a fund having a more diverse portfolio of investments, may not apply to this Fund. - The value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event and natural disaster affecting the US Market. 20 2

23 Invesco US Structured Equity Fund Risk of investing in financial derivative instruments ( FDI ) for efficient portfolio management and hedging purposes - Investments of the Fund may be composed of FDI used for efficient portfolio management or to attempt to hedge or reduce the overall risk of its investments. Risks associated with FDI include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDI may lead to a high risk of significant loss by the Fund. How has the Fund performed? % Share Class The Fund Manager views Class A accumulation - USD (the Share Class ), being the focus share class of the Fund available to the public of Hong Kong, as the most appropriate representative unit class. Fund launch date: 28 June Share Class launch date: 28 June The base currency of the Fund is USD. Past performance of the Share Class is calculated in USD. Performance is calculated after deduction of ongoing charges and is inclusive of gross income reinvested. Any entry/exit charges shown are excluded from the calculation. Past performance is not a guide to future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-To-NAV, with dividend reinvested. These figures show by how much the Share Class increased or decreased in value during the calendar year being shown. Where no past performance is shown, there was insufficient data available in that year to provide performance. Is there any guarantee? The Fund does not have any guarantees. You may not get back the full amount of money you invest. What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the Fund. Fee What you pay Subscription fee/ Initial charge Switching fee Redemption fee Contingent Deferred Sales Charge ( CDSC ) (Class B only) Class A, C: Not exceeding 5.00% of the gross investment amount. Class B: Up to 1.00% of the value of the shares being switched. Redemption during (during X years since purchase) Applicable rate of CDSC 1st Year 4% 2nd Year 3% 3rd Year 2% 4th Year 1% After end of 4th Year None The CDSC will be calculated by reference to the lesser of (i) the current market value (based on the net asset value per share ruling on the date of redemption); or (ii) the acquisition cost of the Class B shares being redeemed. 3 21

24 Ongoing fees payable by the Fund Invesco US Structured Equity Fund The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments. Management fee* Class A, B: 1.00% Class C: 0.60% Annual rate (as a % of the Fund s value) Custodian fee/ Depositary charge Performance fee Administration fee Distribution fee Up to % Class A, C: Class B: Up to 1.00% Service agents fee Class A: Up to 0.40% Class B, C: Up to 0.30% *The fees can be increased subject to the prior approval of the Securities and Futures Commission ( SFC ) and by giving not less than three months prior notice to the investors. Other fees You may have to pay other fees when dealing in the shares of the Fund. Additional Information You generally buy and redeem shares at the Fund s next-determined net asset value after the Hong Kong Sub- Distributor and Representative, Invesco Asset Management Asia Limited, receives your request in good order on or before 5:00 pm, Hong Kong time, being the Fund s dealing cut-off time. Before placing your subscription or redemption orders, please check with your distributor for the distributor s internal cut-off time (which may be earlier than the Fund s dealing cut-off time). The net asset value of the Fund is calculated each Business Day as defined in the Prospectus and the price of shares is published each Hong Kong business day (i.e. a day on which banks in Hong Kong are open for normal banking business) at This website has not been reviewed by the SFC. Investors may obtain the past performance information of other share classes offered to Hong Kong investors at This website has not been reviewed by the SFC. Investors may obtain other information of this product at This website has not been reviewed by the SFC. Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 22 4

25 Issuer: Invesco Asset Management Asia Limited 8 June 2017 FOR THE ATTENTION OF HONG KONG INVESTORS Quick Facts Fund Manager/ Management Company: Investment Manager: Base Currency: Custodian (Depositary): Dealing Frequency: Financial Year End: This statement provides you with key information about this product. This statement is a part of the Prospectus and should be read in conjunction with the Prospectus. You should not invest in this product based on this statement alone. Invesco Management S.A. Invesco Advisers, Inc., located in the USA. (internal delegation) US Dollar The Bank of New York Mellon (International) Limited, Luxembourg Branch Daily The last day of February Ongoing charges Class A accumulation USD 1.77% + over a year: Class A semi-annual distribution USD 1.77% + Class C accumulation USD 0.97% + Class C semi-annual distribution USD 0.97% + + The ongoing charges figure is calculated based on annualised expenses for the period ending 31 August 2016 divided by the average net assets over the same period. This figure may vary from year to year. It excludes portfolio transaction costs. Dividend Policy: Net Income distribution (Dividends, if any, will be paid to the investors) Accumulation (Dividends, if any, will be re-invested into the Fund) Minimum Investment/ Minimum Subscription Amount: Share class A C Initial (in any of the dealing currencies listed in the Application Form) USD1,500 EUR1,000 GBP1,000 HKD10,000 JPY120,000 AUD1,500 CAD1,500 NZD2,000 Additional - - What is this product? USD1,000,000 EUR800,000 GBP600,000 HKD8,000,000 JPY80,000,000 AUD1,000,000 CAD1,000,000 NZD1,200,000 PRODUCT KEY FACTS Invesco US Value Equity Fund A sub-fund of Invesco Funds (SICAV) Invesco US Value Equity Fund (the Fund ) is a fund constituted in the form of a mutual fund. It is domiciled in Luxembourg and its home regulator is the CSSF, Luxembourg supervisory authority. 1 23

26 Invesco US Value Equity Fund Objectives and Investment Strategy The investment objective of the Fund is to provide reasonable long-term capital growth, measured in US Dollars. Investments will be sought in equity securities that the Investment Manager believes to be undervalued relative to the stock market in general at the time of purchase. The Fund will invest primarily (at least 70% of the net asset value of the Fund) in the common or preferred stocks of companies which are located in the United States of America ( US ). A company will be considered located in the US if (i) it is organised under the laws of the US and has its principal office in the US or (ii) it derives 50% or more of its revenues from businesses in the US. The Fund may also invest, on an ancillary basis, in the equity securities of companies traded principally on US stock exchanges, convertible debt securities, US Government securities (securities issued or guaranteed as to principal and interest by the US Government or its agencies and instrumentalities), money market instruments and investment grade corporate debt securities. For the avoidance of doubt, less than 30% of the net asset value of the Fund may be invested in convertible debt securities, US Government securities and investment grade corporate debt securities. Not more than 10% of the net asset value of the Fund may be invested in securities issued by or guaranteed by a country which is unrated (debt securities which are not rated by any international rating agency such as Moody s, Standard & Poor s and Fitch) and/or whose credit rating is below investment grade (below investment grade is defined as credit rating that is below BBB- from Standard & Poor s and Fitch, or below Baa3 from Moody s or an equivalent rating from an internationally recognized rating agency). The Fund may use derivatives (including but not limited to futures, forwards, non-deliverable forwards, swaps and complex options structures) for hedging and efficient portfolio management purposes. Such derivatives may also incorporate derivatives on derivatives (i.e. forward dated swaps, swap options). However, financial derivative instruments will not be extensively used for investment purposes (i.e. entering into financial derivative instruments to achieve the investment objectives). What are the key risks? Investment involves risks. Please refer to the Prospectus for details including the risks factors. General investment risk - There can be no assurance that the Fund will achieve its investment objective. The instruments invested by the Fund may fall in value due to any of the key risk factors below and therefore your investment in the Fund may suffer losses. There is no guarantee of the repayment of principal. Currency exchange risk - The Fund s assets may be invested in securities denominated in currencies other than the base currency of the Fund. Also, a class of shares may be designated in a currency other than the base currency of the Fund. The net asset value of the Fund may be affected unfavorably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls. Volatility risk - Investors should note that volatility in the Fund s investment portfolio may result in large fluctuations in the net asset value of the Fund which may adversely affect the net asset value per share of the Fund and investors may as a result suffer losses. Equities risk - The value of, and income derived from, equity securities held may fall as well as rise and the Fund may not recoup the original amount invested in such securities. The prices of and the income generated by equity securities may decline in response to certain events, including the activities and results of the issuer, general political, economic and market conditions, regional or global economic instability and currency and interest rate fluctuations. Thus, this may adversely impact the Fund and/or the interests of investors. Concentration risk - As the Fund will invest primarily in companies in the common or preferred stocks of companies which are located in the US, such concentration may exhibit a higher than usual degree of risk and the Fund may be subject to above average volatility. The diversification benefits that would ordinarily accrue from investment in a fund having a more diverse portfolio of investments, may not apply to this Fund. - The value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event and natural disaster affecting the US market. Risk of investing in financial derivative instruments ( FDI ) for efficient portfolio management and hedging purposes - Investments of the Fund may be composed of FDI used for efficient portfolio management or to attempt to hedge or reduce the overall risk of its investments. Risks associated with FDI include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDI may lead to a high risk of significant loss by the Fund. 24 2

27 Invesco US Value Equity Fund How has the Fund performed? % Share Class The Fund Manager views Class A accumulation - USD (the Share Class ), being the focus share class of the Fund available to the public of Hong Kong, as the most appropriate representative unit class. Fund launch date: 30 June Share Class launch date: 30 September The base currency of the Fund is USD. Past performance of the Share Class is calculated in USD. Performance is calculated after deduction of ongoing charges and is inclusive of gross income reinvested. Any entry/exit charges shown are excluded from the calculation. Past performance is not a guide to future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-To-NAV, with dividend reinvested. These figures show by how much the Share Class increased or decreased in value during the calendar year being shown. Where no past performance is shown, there was insufficient data available in that year to provide performance. Is there any guarantee? The Fund does not have any guarantees. You may not get back the full amount of money you invest. What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the Fund. Fee What you pay Subscription fee/ Initial charge Switching fee Redemption fee Class A, C: Not exceeding 5.00% of the gross investment amount. Up to 1.00% of the value of the shares being switched. Ongoing fees payable by the Fund The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments. Management fee* Class A: 1.40% Class C: 0.70% Annual rate (as a % of the Fund s value) Custodian fee/ Depositary charge Performance fee Administration fee Distribution fee Up to % Class A, C: Service agents fee Class A: Up to 0.40% Class C: Up to 0.30% *The fees can be increased subject to the prior approval of the Securities and Futures Commission ( SFC ) and by giving not less than three months prior notice to the investors. 3 25

28 Invesco US Value Equity Fund Other fees You may have to pay other fees when dealing in the shares of the Fund. Additional Information You generally buy and redeem shares at the Fund s next-determined net asset value after the Hong Kong Sub- Distributor and Representative, Invesco Asset Management Asia Limited, receives your request in good order on or before 5:00 pm, Hong Kong time, being the Fund s dealing cut-off time. Before placing your subscription or redemption orders, please check with your distributor for the distributor s internal cut-off time (which may be earlier than the Fund s dealing cut-off time). The net asset value of the Fund is calculated each Business Day as defined in the Prospectus and the price of shares is published each Hong Kong business day (i.e. a day on which banks in Hong Kong are open for normal banking business) at This website has not been reviewed by the SFC. Investors may obtain the past performance information of other share classes offered to Hong Kong investors at This website has not been reviewed by the SFC. Investors may obtain other information of this product at This website has not been reviewed by the SFC. Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 26 4

29 Issuer: Invesco Asset Management Asia Limited 8 June 2017 FOR THE ATTENTION OF HONG KONG INVESTORS Quick Facts Fund Manager/ Management Company: Investment Manager: Base Currency: Custodian (Depositary): Dealing Frequency: Financial Year End: This statement provides you with key information about this product. This statement is a part of the Prospectus and should be read in conjunction with the Prospectus. You should not invest in this product based on this statement alone. Invesco Management S.A. Invesco Advisers, Inc., located in the USA. (Internal delegation) US Dollar The Bank of New York Mellon (International) Limited, Luxembourg Branch Daily The last day of February Ongoing charges Class A (EUR hedged) accumulation EUR 1.80% + over a year: Class A (EUR hedged) annual distribution EUR 1.80% + Class A annual distribution USD 1.80% + Class C accumulation USD 1.25% + + As a result of the reduction in fees, the ongoing charges figure is estimated based on the expected annualised total of charges expressed as percentage of the average net asset value over the same period. This figure may vary from year to year. It excludes portfolio transaction costs. Dividend Policy: Accumulation (Dividends, if any, will be re-invested into the Fund) Net Income distribution (Dividends, if any, will be paid to the investors) Minimum Investment/ Minimum Subscription Amount: Share class A C Initial (in any of the dealing currencies listed in the Application Form) USD1,500 EUR1,000 GBP1,000 HKD10,000 JPY120,000 AUD1,500 CAD1,500 NZD2,000 Additional - - What is this product? USD1,000,000 EUR800,000 GBP600,000 HKD8,000,000 JPY80,000,000 AUD1,000,000 CAD1,000,000 NZD1,200,000 Invesco US Equity Fund (the Fund ) is a fund constituted in the form of a mutual fund. It is domiciled in Luxembourg and its home regulator is the CSSF, Luxembourg supervisory authority. Objectives and Investment Strategy PRODUCT KEY FACTS Invesco US Equity Fund A sub-fund of Invesco Funds (SICAV) The objective of the Fund is to achieve long-term capital appreciation and to a lesser extent current income by investing primarily in equities of US companies. The Fund shall primarily invest (at least 70% of the net asset value of the Fund) in securities issued by (i) companies and other entities with their registered office in the US, or (ii) companies and other entities with their registered office outside of the US but carrying out their business activities predominantly in the US or (iii) holding companies, the interests of which are predominantly invested in companies with their registered office in the US. Up to 30% of the net asset value of the Fund may be invested in aggregate in cash and cash equivalents, money 1 27

30 Invesco US Equity Fund market instruments, equity and equity related instruments issued by companies or other entities not meeting the above requirements or debt securities (including convertible debt) of issuers worldwide. For the avoidance of doubt, less than 30% of the net asset value of the Fund may be invested in debt securities (including convertible debt). Not more than 10% of the net asset value of the Fund may be invested in securities issued by or guaranteed by a country which is unrated (debt securities which are not rated by any international rating agency such as Moody s, Standard & Poor s and Fitch) and/or whose credit rating is below investment grade (below investment grade is defined as credit rating that is below BBB- from Standard & Poor s and Fitch, or below Baa3 from Moody s or an equivalent rating from an internationally recognized rating agency). The Fund may use derivatives (including but not limited to futures, forwards, non-deliverable forwards, swaps and complex options structures) for hedging and efficient portfolio management purposes. Such derivatives may also incorporate derivatives on derivatives (i.e. forward dated swaps, swap options). However, financial derivative instruments will not be extensively used for investment purposes (i.e. entering into financial derivative instruments to achieve the investment objectives). What are the key risks? Investment involves risks. Please refer to the Prospectus for details including the risks factors. General investment risk - There can be no assurance that the Fund will achieve its investment objective. The instruments invested by the Fund may fall in value due to any of the key risk factors below and therefore your investment in the Fund may suffer losses. There is no guarantee of the repayment of principal. Currency exchange risk - The Fund s assets may be invested in securities denominated in currencies other than the base currency of the Fund. Also, a class of shares may be designated in a currency other than the base currency of the Fund. The net asset value of the Fund may be affected unfavorably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls. - For the hedged share classes, there is no guarantee that the exposure of the currency in which the shares are denominated can be fully hedged at all times against the base currency of the Fund or the currency or currencies in which the assets of the Fund are denominated. Investors should also note that the successful implementation of the strategy may substantially reduce the benefit to shareholders in the relevant class of shares as a result of decreases in the value of the share class currency against the base currency of the Fund. In the event that investors request payment of redemption proceeds in a currency other than the currency in which the shares are denominated, the exposure of that currency to the currency in which the shares are denominated will not be hedged. Volatility risk - Investors should note that volatility in the Fund's investment portfolio may result in large fluctuations in the net asset value of the Fund which may adversely affect the net asset value per share of the Fund and investors may as a result suffer losses. Equities risk - The value of, and income derived from, equity securities held may fall as well as rise and the Fund may not recoup the original amount invested in such securities. The prices of and the income generated by equity securities may decline in response to certain events, including the activities and results of the issuer, general political, economic and market conditions, regional or global economic instability and currency and interest rate fluctuations. Thus, this may adversely impact the Fund and/or the interests of investors. Concentration risk - As the Fund will invest primarily in equities and equity related securities with exposure to the US, such concentration may exhibit a higher than usual degree of risk and the Fund may be subject to above average volatility. The diversification benefits that would ordinarily accrue from investment in a fund having a more diverse portfolio of investments, may not apply to this Fund. - The value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event and natural disaster affecting the US market. Risk of investing in financial derivative instruments ( FDI ) for efficient portfolio management and hedging purposes - Investments of the Fund may be composed of FDI used for efficient portfolio management or to attempt to hedge or reduce the overall risk of its investments. Risks associated with FDI include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDI may lead to a high risk of significant loss by the Fund. 28 2

31 Invesco US Equity Fund How has the Fund performed? % Share Class The Fund Manager views Class A annual distribution - USD (the Share Class ), being the focus share class of the Fund available to the public of Hong Kong, as the most appropriate representative unit class. Fund launch date: 27 June Share Class launch date: 27 June The base currency of the Fund is USD. Past performance of the Share Class is calculated in USD. Performance is calculated after deduction of ongoing charges and is inclusive of gross income reinvested. Any entry/exit charges shown are excluded from the calculation. Past performance is not a guide to future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-To-NAV, with dividend reinvested. These figures show by how much the Share Class increased or decreased in value during the calendar year being shown. Where no past performance is shown, there was insufficient data available in that year to provide performance. Is there any guarantee? The Fund does not have any guarantees. You may not get back the full amount of money you invest. What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the Fund. Fee What you pay Subscription fee/ Initial charge Switching fee Redemption fee Class A, C: Not exceeding 5.00% of the gross investment amount. Up to 1.00% of the value of the shares being switched. Ongoing fees payable by the Fund The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments. Management fee* Class A: 1.50% Class C: 1.00% Annual rate (as a % of the Fund s value) Custodian fee/ Depositary charge Performance fee Administration fee Distribution fee Up to % Class A, C: Service agents fee Class A: Up to 0.40% Class C: Up to 0.30% *The fees can be increased subject to the prior approval of the Securities and Futures Commission ( SFC ) and by giving not less than three months prior notice to the investors. 3 29

32 Invesco US Equity Fund Other fees You may have to pay other fees when dealing in the shares of the Fund. Additional Information You generally buy and redeem shares at the Fund s next-determined net asset value after the Hong Kong Sub- Distributor and Representative, Invesco Asset Management Asia Limited, receives your request in good order on or before 5:00 pm, Hong Kong time, being the Fund s dealing cut-off time. Before placing your subscription or redemption orders, please check with your distributor for the distributor s internal cut-off time (which may be earlier than the Fund s dealing cut-off time). The net asset value of the Fund is calculated each Business Day as defined in the Prospectus and the price of shares is published each Hong Kong business day (i.e. a day on which banks in Hong Kong are open for normal banking business) at This website has not been reviewed by the SFC. Investors may obtain the past performance information of other share classes offered to Hong Kong investors at This website has not been reviewed by the SFC. Investors may obtain other information of this product at This website has not been reviewed by the SFC. Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 30 4

33 Issuer: Invesco Asset Management Asia Limited 8 June 2017 FOR THE ATTENTION OF HONG KONG INVESTORS Quick Facts Fund Manager/ Management Company: Investment Manager: Base Currency: Custodian (Depositary): Dealing Frequency: Financial Year End: This statement provides you with key information about this product. This statement is a part of the Prospectus and should be read in conjunction with the Prospectus. You should not invest in this product based on this statement alone. Invesco Management S.A. Invesco Asset Management Deutschland GmbH, located in Germany. (internal delegation) Euro The Bank of New York Mellon (International) Limited, Luxembourg Branch Daily The last day of February Ongoing charges Class A accumulation EUR 1.57% + over a year: Class A annual distribution EUR 1.57% + Class A (USD hedged) accumulation USD 1.57% + Class A (AUD hedged) accumulation AUD 1.57% + Class A (USD hedged) monthly distribution-1 USD 1.57% + Class B accumulation EUR 2.57% + Class C accumulation EUR 1.07% + + The ongoing charges figure is calculated based on annualised expenses for the period ending 31 August 2016 divided by the average net assets over the same period. This figure may vary from year to year. It excludes portfolio transaction costs. Dividend Policy: Net Income distribution (Dividends, if any, will be paid to the investors) Accumulation (Dividends, if any, will be re-invested into the Fund) Monthly Distribution-1 (Dividends, if any, will be paid to investors monthly. The SICAV may, at its discretion, pay (a) a portion of dividends out of gross income, (b) a portion of dividends out of capital, and (c) with respect to hedged Monthly Distribution-1 Share classes (if applicable), the interest rate differential between the currency in which the share class is denominated and the base currency of the Fund. The Fund may pay dividends out of capital and/or effectively out of capital and may reduce the net asset value per share of this share class immediately after the monthly distribution date) Minimum Investment/ Minimum Subscription Amount: Share class A B C Initial (in any of the dealing currencies listed in the Application Form) USD1,500 EUR1,000 GBP1,000 HKD10,000 JPY120,000 AUD1,500 CAD1,500 NZD2,000 USD1,500 EUR1,000 GBP1,000 HKD10,000 JPY120,000 AUD1,500 CAD1,500 NZD2,000 Additional PRODUCT KEY FACTS Invesco Pan European Structured Equity Fund A sub-fund of Invesco Funds (SICAV) USD1,000,000 EUR800,000 GBP600,000 HKD8,000,000 JPY80,000,000 AUD1,000,000 CAD1,000,000 NZD1,200,

34 What is this product? Invesco Pan European Structured Equity Fund Invesco Pan European Structured Equity Fund (the Fund ) is a fund constituted in the form of a mutual fund. It is domiciled in Luxembourg and its home regulator is the CSSF, Luxembourg supervisory authority. Objectives and Investment Strategy The objective of the Fund is to achieve long-term capital appreciation by investing at least two thirds of the net asset value of the Fund in a diversified portfolio of equities of companies with their registered office in a European country or exercising their business activities predominantly in European countries which are listed on recognised European stock exchanges. The stock selection follows a highly structured and clearly defined investment process. Quantitative indicators that are available for each stock in the investment universe are analysed and used by the Investment Manager to evaluate the relative attractiveness of each stock. The portfolio is constructed using an optimisation process that takes into account the calculated expected returns of each stock as well as risk control parameters. Up to one third of the net asset value of the Fund may be invested in aggregate in cash and cash equivalents, money market instruments or equity and equity related instruments issued by companies or other entities not meeting the above requirement. Not more than 10% of the net asset value of the Fund may be invested in securities issued by or guaranteed by a country which is unrated (debt securities which are not rated by any international rating agency such as Moody s, Standard & Poor s and Fitch) and/or whose credit rating is below investment grade (below investment grade is defined as credit rating that is below BBB- from Standard & Poor s and Fitch, or below Baa3 from Moody s or an equivalent rating from an internationally recognized rating agency). The Fund may use derivatives (including but not limited to futures, forwards, non-deliverable forwards, swaps and complex options structures) for hedging and efficient portfolio management purposes. Such derivatives may also incorporate derivatives on derivatives (i.e. forward dated swaps, swap options). However, financial derivative instruments will not be extensively used for investment purposes (i.e. entering into financial derivative instruments to achieve the investment objectives). What are the key risks? Investment involves risks. Please refer to the Prospectus for details including the risks factors. General investment risk - There can be no assurance that the Fund will achieve its investment objective. The instruments invested by the Fund may fall in value due to any of the key risk factors below and therefore your investment in the Fund may suffer losses. There is no guarantee of the repayment of principal. Currency exchange risk - The Fund s assets may be invested in securities denominated in currencies other than the base currency of the Fund. Also, a class of shares may be designated in a currency other than the base currency of the Fund. The net asset value of the Fund may be affected unfavorably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls. - For the hedged share classes, there is no guarantee that the exposure of the currency in which the shares are denominated can be fully hedged at all times against the base currency of the Fund or the currency or currencies in which the assets of the Fund are denominated. Investors should also note that the successful implementation of the strategy may substantially reduce the benefit to shareholders in the relevant class of shares as a result of decreases in the value of the share class currency against the base currency of the Fund. In the event that investors request payment of redemption proceeds in a currency other than the currency in which the shares are denominated, the exposure of that currency to the currency in which the shares are denominated will not be hedged. Volatility risk - Investors should note that volatility in the Fund's investment portfolio may result in large fluctuations in the net asset value of the Fund which may adversely affect the net asset value per share of the Fund and investors may as a result suffer losses. Equities risk - The value of, and income derived from, equity securities held may fall as well as rise and the Fund may not recoup the original amount invested in such securities. The prices of and the income generated by equity securities may decline in response to certain events, including the activities and results of the issuer, general political, economic and market conditions, regional or global economic instability and currency and interest rate fluctuations. Thus, this may adversely impact the Fund and/or the interests of investors. 32 2

35 Invesco Pan European Structured Equity Fund Concentration risk - As the Fund will invest primarily in equities of companies with their registered office in a European country or exercising their business activities predominantly in European countries which are listed on recognised European stock exchanges, such concentration may exhibit a higher than usual degree of risk and the Fund may be subject to above average volatility. The diversification benefits that would ordinarily accrue from investment in a fund having a more diverse portfolio of investments, may not apply to this Fund. Risk of Eurozone crisis - The Fund may have significant investment exposure to the Eurozone or the Euro. In light of ongoing concerns on the sovereign debt risk of certain countries within the Eurozone, the Fund s investments in the region may be subject to higher volatility, liquidity, currency and default risks. Any adverse events, such as credit downgrade of a sovereign or exit of EU members from the Eurozone or other adverse economic, political, policy, foreign exchange, tax, legal or regulatory event affecting the Eurozone markets, may have a negative impact on the value of the Fund. Risk of investing in financial derivative instruments ( FDI ) for efficient portfolio management and hedging purposes - Investments of the Fund may be composed of FDI used for efficient portfolio management or to attempt to hedge or reduce the overall risk of its investments. Risks associated with FDI include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDI may lead to a high risk of significant loss by the Fund. Risks associated with payment of dividends and/or fees and expenses out of capital - Payment of dividends out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction of the net asset value per share in respect of such share class after the monthly distribution date. - For Monthly Distribution-1 share classes that are currency hedged, the Fund may take into account the return driven by the interest rate differential between the currency in which the hedged Monthly Distribution-1 share class is denominated and the base currency of the Fund in determining the distribution to be paid. Investors should be aware that the uncertainty of relative interest rates which will have an impact on the return of the hedged Monthly Distribution 1 share class. The net asset value of the Monthly Distribution-1 hedged share class may fluctuate and may significantly differ from other share class due to the fluctuation of the interest rate differential between the currency in which the hedged Monthly Distribution-1 share class is denominated and the base currency of the Fund, and may result in an increase in the amount of distribution that is paid out of capital and hence a greater erosion of capital than other non-hedged share class. Investors in such share class may therefore be adversely affected. How has the Fund performed? % Share Class The Fund Manager views Class A accumulation - EUR (the Share Class ), being the focus share class of the Fund available to the public of Hong Kong, as the most appropriate representative unit class. Fund launch date: 06 November Share Class launch date: 06 November The base currency of the Fund is EUR. Past performance of the Share Class is calculated in EUR. Performance is calculated after deduction of ongoing charges and is inclusive of gross income reinvested. Any entry/exit charges shown are excluded from the calculation. Past performance is not a guide to future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-To-NAV, with dividend reinvested. These figures show by how much the Share Class increased or decreased in value during the calendar year being shown. Where no past performance is shown, there was insufficient data available in that year to provide performance. 3 33

36 Invesco Pan European Structured Equity Fund Is there any guarantee? The Fund does not have any guarantees. You may not get back the full amount of money you invest. What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the Fund. Fee What you pay Subscription fee/ Initial charge Switching fee Redemption fee Contingent Deferred Sales Charge ( CDSC ) (Class B only) Class A, C: Not exceeding 5.00% of the gross investment amount. Class B: Up to 1.00% of the value of the shares being switched. Redemption during (during X years since purchase) Applicable rate of CDSC 1st Year 4% 2nd Year 3% 3rd Year 2% 4th Year 1% After end of 4th Year None The CDSC will be calculated by reference to the lesser of (i) the current market value (based on the net asset value per share ruling on the date of redemption); or (ii) the acquisition cost of the Class B shares being redeemed. Ongoing fees payable by the Fund The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments. Management fee* Class A, B: 1.30% Class C: 0.80% Annual rate (as a % of the Fund s value) Custodian fee/ Depositary charge Performance fee Administration fee Distribution fee Up to % Class A, C: Class B: Up to 1.00% Service agents fee Class A: Up to 0.40% Class B, C: Up to 0.30% *The fees can be increased subject to the prior approval of the Securities and Futures Commission ( SFC ) and by giving not less than three months prior notice to the investors. Other fees You may have to pay other fees when dealing in the shares of the Fund. 34 4

37 Invesco Pan European Structured Equity Fund Additional Information The compositions of the dividends (i.e. the relative amounts paid out of (i) net distributable income and (ii) capital) for the last 12 months ( Dividend Composition Information ) are available from the Hong Kong Sub-Distributor and Representative, Invesco Asset Management Asia Limited, on request and at This website has not been reviewed by the SFC. You generally buy and redeem shares at the Fund s next-determined net asset value after the Hong Kong Sub- Distributor and Representative, Invesco Asset Management Asia Limited, receives your request in good order on or before 5:00 pm, Hong Kong time, being the Fund s dealing cut-off time. Before placing your subscription or redemption orders, please check with your distributor for the distributor s internal cut-off time (which may be earlier than the Fund s dealing cut-off time). The net asset value of the Fund is calculated each Business Day as defined in the Prospectus and the price of shares is published each Hong Kong business day (i.e. a day on which banks in Hong Kong are open for normal banking business) at This website has not been reviewed by the SFC. Investors may obtain the past performance information of other share classes offered to Hong Kong investors at This website has not been reviewed by the SFC. Investors may obtain other information of this product at This website has not been reviewed by the SFC. Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 5 35

38 Issuer: Invesco Asset Management Asia Limited 8 June 2017 FOR THE ATTENTION OF HONG KONG INVESTORS Quick Facts PRODUCT KEY FACTS Invesco Pan European Equity Fund A sub-fund of Invesco Funds (SICAV) This statement provides you with key information about this product. This statement is a part of the Prospectus and should be read in conjunction with the Prospectus. You should not invest in this product based on this statement alone. Fund Manager/ Management Company: Investment Manager: Base Currency: Custodian (Depositary): Dealing Frequency: Invesco Management S.A. Invesco Asset Management Limited, located in the UK. (internal delegation) Euro The Bank of New York Mellon (International) Limited, Luxembourg Branch Daily Financial Year End: The last day of February Ongoing charges Class A (USD hedged) accumulation USD 1.97% + over a year: Class A accumulation EUR 1.97% + Class A annual distribution EUR 1.97% + Class A annual distribution USD 1.97% + Class A (AUD hedged) accumulation AUD 1.97% + Class B accumulation EUR 2.87% + Class C accumulation EUR 1.37% + Class C annual distribution EUR 1.37% + + The ongoing charges figure is calculated based on annualised expenses for the period ending 31 August 2016 divided by the average net assets over the same period. This figure may vary from year to year. It excludes portfolio transaction costs. Dividend Policy: Net income distribution (Dividends, if any, will be paid to the investors) Accumulation (Dividends, if any, will be re-invested into the Fund) Minimum Investment/ Minimum Subscription Amount: Share class A B C Initial (in any of the dealing currencies listed in the Application Form) USD1,500 EUR1,000 GBP1,000 HKD10,000 JPY120,000 AUD1,500 CAD1,500 NZD2,000 USD1,500 EUR1,000 GBP1,000 HKD10,000 JPY120,000 AUD1,500 CAD1,500 NZD2,000 Additional USD1,000,000 EUR800,000 GBP600,000 HKD8,000,000 JPY80,000,000 AUD1,000,000 CAD1,000,000 NZD1,200,000 What is this product? Invesco Pan European Equity Fund (the Fund ) is a fund constituted in the form of a mutual fund. It is domiciled in Luxembourg and its home regulator is the CSSF, Luxembourg supervisory authority. 36 1

39 Invesco Pan European Equity Fund Objectives and Investment Strategy The Fund aims to provide long-term capital growth by investing in a portfolio of equity or equity related instruments of European companies with an emphasis on larger companies. The Fund shall primarily invest (at least 70% of the net asset value of the Fund) in equity or equity related instruments of companies with their registered office in a European country or with their registered office outside of Europe but carrying out their business activities predominantly in Europe or holding companies, the interests of which are predominantly invested in companies with their registered office in a European country. There is no predetermined geographical distribution and a flexible policy will be adopted on weighting driven predominantly by views on individual companies as well as overall economic or business considerations. Up to 30% of the net asset value of the Fund may be invested in aggregate in cash and cash equivalents, money market instruments, equity and equity related instruments issued by companies and other entities not meeting the above requirement or debt securities (including convertible debt) of issuers worldwide. For the avoidance of doubt, less than 30% of the net asset value of the Fund may be invested in debt securities (including convertible debt). Not more than 10% of the net asset value of the Fund may be invested in securities issued by or guaranteed by a country which is unrated (debt securities which are not rated by any international rating agency such as Moody s, Standard & Poor s and Fitch) and/or whose credit rating is below investment grade (below investment grade is defined as credit rating that is below BBB- from Standard & Poor s and Fitch, or below Baa3 from Moody s or an equivalent rating from an internationally recognized rating agency). The Fund may use derivatives (including but not limited to futures, forwards, non-deliverable forwards, swaps and complex options structures) for hedging and efficient portfolio management purposes. Such derivatives may also incorporate derivatives on derivatives (i.e. forward dated swaps, swap options). However, financial derivative instruments will not be extensively used for investment purposes (i.e. entering into financial derivative instruments to achieve the investment objectives). What are the key risks? Investment involves risks. Please refer to the Prospectus for details including the risks factors. General investment risk - There can be no assurance that the Fund will achieve its investment objective. The instruments invested by the Fund may fall in value due to any of the key risk factors below and therefore your investment in the Fund may suffer losses. There is no guarantee of the repayment of principal. Currency exchange risk - The Fund s assets may be invested in securities denominated in currencies other than the base currency of the Fund. Also, a class of shares may be designated in a currency other than the base currency of the Fund. The net asset value of the Fund may be affected unfavorably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls. - For the hedged share classes, there is no guarantee that the exposure of the currency in which the shares are denominated can be fully hedged at all times against the base currency of the Fund or the currency or currencies in which the assets of the Fund are denominated. Investors should also note that the successful implementation of the strategy may substantially reduce the benefit to shareholders in the relevant class of shares as a result of decreases in the value of the share class currency against the base currency of the Fund. In the event that investors request payment of redemption proceeds in a currency other than the currency in which the shares are denominated, the exposure of that currency to the currency in which the shares are denominated will not be hedged. Volatility risk - Investors should note that volatility in the Fund s investment portfolio may result in large fluctuations in the net asset value of the Fund which may adversely affect the net asset value per share of the Fund and investors may as a result suffer losses. Equities risk - The value of, and income derived from, equity securities held may fall as well as rise and the Fund may not recoup the original amount invested in such securities. The prices of and the income generated by equity securities may decline in response to certain events, including the activities and results of the issuer, general political, economic and market conditions, regional or global economic instability and currency and interest rate fluctuations. Thus, this may adversely impact the Fund and/or the interests of investors. Concentration risk - As the Fund will invest primarily in equity or equity related instruments of European companies, such concentration may exhibit a higher than usual degree of risk and the Fund may be subject to above average volatility. The diversification benefits that would ordinarily accrue from investment in a fund having a more diverse portfolio of investments, may not apply to this Fund. 2 37

40 Invesco Pan European Equity Fund Risk of Eurozone crisis - The Fund may have significant investment exposure to the Eurozone or the Euro. In light of ongoing concerns on the sovereign debt risk of certain countries within the Eurozone, the Fund s investments in the region may be subject to higher volatility, liquidity, currency and default risks. Any adverse events, such as credit downgrade of a sovereign or exit of EU members from the Eurozone or other adverse economic, political, policy, foreign exchange, tax, legal or regulatory event affecting the Eurozone markets, may have a negative impact on the value of the Fund. Risk of investing in financial derivative instruments ( FDI ) for efficient portfolio management and hedging purposes - Investments of the Fund may be composed of FDI used for efficient portfolio management or to attempt to hedge or reduce the overall risk of its investments. Risks associated with FDI include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDI may lead to a high risk of significant loss by the Fund. How has the Fund performed? % Share Class The Fund Manager views Class A accumulation - EUR (the Share Class ), being the focus share class of the Fund available to the public of Hong Kong, as the most appropriate representative unit class. Fund launch date: 02 January Share Class launch date: 02 January The base currency of the Fund is EUR. Past performance of the Share Class is calculated in EUR. Performance is calculated after deduction of ongoing charges and is inclusive of gross income reinvested. Any entry/exit charges shown are excluded from the calculation. Past performance is not a guide to future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-To-NAV, with dividend reinvested. These figures show by how much the Share Class increased or decreased in value during the calendar year being shown. Where no past performance is shown, there was insufficient data available in that year to provide performance. Is there any guarantee? The Fund does not have any guarantees. You may not get back the full amount of money you invest. What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the Fund. Fee What you pay Subscription fee/ Initial charge Switching fee Redemption fee Contingent Deferred Sales Charge ( CDSC ) (Class B only) Class A, C: Not exceeding 5.00% of the gross investment amount. Class B: Up to 1.00% of the value of the shares being switched. Redemption during (during X years since purchase) Applicable rate of CDSC 1st Year 4% 2nd Year 3% 3rd Year 2% 4th Year 1% After end of 4th Year None The CDSC will be calculated by reference to the lesser of (i) the current market value (based on the net asset value per share ruling on the date of redemption); or (ii) the acquisition cost of the Class B shares being redeemed. 38 3

41 Invesco Pan European Equity Fund Ongoing fees payable by the Fund The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments. Management fee* Class A, B: 1.50% Class C: 1.00% Annual rate (as a % of the Fund s value) Custodian fee/ Depositary charge Performance fee Administration fee Distribution fee Up to % Class A, C: Class B: Up to 1.00% Service agents fee Class A: Up to 0.40% Class B, C: Up to 0.30% * The fees can be increased subject to the prior approval of the Securities and Futures Commission ( SFC ) and by giving not less than three months prior notice to the investors. Other fees You may have to pay other fees when dealing in the shares of the Fund. Additional Information You generally buy and redeem shares at the Fund s next-determined net asset value after the Hong Kong Sub- Distributor and Representative, Invesco Asset Management Asia Limited, receives your request in good order on or before 5:00 pm, Hong Kong time, being the Fund s dealing cut-off time. Before placing your subscription or redemption orders, please check with your distributor for the distributor s internal cut-off time (which may be earlier than the Fund s dealing cut-off time). The net asset value of the Fund is calculated each Business Day as defined in the Prospectus and the price of shares is published each Hong Kong business day (i.e. a day on which banks in Hong Kong are open for normal banking business) at This website has not been reviewed by the SFC. Investors may obtain the past performance information of other share classes offered to Hong Kong investors at This website has not been reviewed by the SFC. Investors may obtain other information of this product at This website has not been reviewed by the SFC. Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 4 39

42 Issuer: Invesco Asset Management Asia Limited 8 June 2017 FOR THE ATTENTION OF HONG KONG INVESTORS Quick Facts Fund Manager/ Management Company: Investment Manager: Base Currency: Custodian (Depositary): Dealing Frequency: Financial Year End: This statement provides you with key information about this product. This statement is a part of the Prospectus and should be read in conjunction with the Prospectus. You should not invest in this product based on this statement alone. Invesco Management S.A. Invesco Asset Management Limited, located in the UK. (Internal delegation) Euro The Bank of New York Mellon (International) Limited, Luxembourg Branch Daily The last day of February Ongoing charges Class A accumulation EUR 2.02% + over a year: Class A annual distribution USD 2.02% + Class B accumulation EUR 2.92% + Class A (USD Hedged) accumulation USD 2.02% + Class C (USD Hedged) accumulation USD 1.42% + Class C accumulation EUR 1.42% + + The ongoing charges figure is calculated based on annualised expenses for the period ending 31 August 2016 divided by the average net assets over the same period. This figure may vary from year to year. It excludes portfolio transaction costs. Dividend Policy: Net Income distribution (Dividends, if any, will be paid to the investors) Accumulation (Dividends, if any, will be re-invested into the Fund) Minimum Investment/ Minimum Subscription Amount: Share class A B C Initial (in any of the dealing currencies listed in the Application Form) USD1,500 EUR1,000 GBP1,000 HKD10,000 JPY120,000 AUD1,500 CAD1,500 NZD2,000 USD1,500 EUR1,000 GBP1,000 HKD10,000 JPY120,000 AUD1,500 CAD1,500 NZD2,000 Additional What is this product? USD1,000,000 EUR800,000 GBP600,000 HKD8,000,000 JPY80,000,000 AUD1,000,000 CAD1,000,000 NZD1,200,000 Invesco Pan European Small Cap Equity Fund (the Fund ) is a fund constituted in the form of a mutual fund. It is domiciled in Luxembourg and its home regulator is the CSSF, Luxembourg supervisory authority. Objectives and Investment Strategy PRODUCT KEY FACTS Invesco Pan European Small Cap Equity Fund A sub-fund of Invesco Funds (SICAV) The Fund aims to provide long-term capital growth primarily (at least 70% of the net asset value of the Fund) from a portfolio of investments in smaller companies of any European stock market. The Fund may on occasion invest in special situations such as recovery stocks, takeover situations and, in due course, the emerging markets of Eastern Europe. The Fund aims to limit risk by investing in a broader spread of companies than might be usual in a conventional portfolio. 40 1

43 Invesco Pan European Small Cap Equity Fund Not more than 10% of the net asset value of the Fund may be invested in securities issued by or guaranteed by a country which is unrated (debt securities which are not rated by any international rating agency such as Moody s, Standard & Poor s and Fitch) and/or whose credit rating is below investment grade (below investment grade is defined as credit rating that is below BBB- from Standard & Poor s and Fitch, or below Baa3 from Moody s or an equivalent rating from an internationally recognized rating agency). The Fund may use derivatives (including but not limited to futures, forwards, non-deliverable forwards, swaps and complex options structures) for hedging and efficient portfolio management purposes. Such derivatives may also incorporate derivatives on derivatives (i.e. forward dated swaps, swap options). However, financial derivative instruments will not be extensively used for investment purposes (i.e. entering into financial derivative instruments to achieve the investment objectives). What are the key risks? Investment involves risks. Please refer to the Prospectus for details including the risks factors. General investment risk - There can be no assurance that the Fund will achieve its investment objective. The instruments invested by the Fund may fall in value due to any of the key risk factors below and therefore your investment in the Fund may suffer losses. There is no guarantee of the repayment of principal. Currency exchange risk - The Fund s assets may be invested in securities denominated in currencies other than the base currency of the Fund. Also, a class of shares may be designated in a currency other than the base currency of the Fund. The net asset value of the Fund may be affected unfavorably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls. - For the hedged share classes, there is no guarantee that the exposure of the currency in which the shares are denominated can be fully hedged at all times against the base currency of the Fund or the currency or currencies in which the assets of the Fund are denominated. Investors should also note that the successful implementation of the strategy may substantially reduce the benefit to shareholders in the relevant class of shares as a result of decreases in the value of the share class currency against the base currency of the Fund. In the event that investors request payment of redemption proceeds in a currency other than the currency in which the shares are denominated, the exposure of that currency to the currency in which the shares are denominated will not be hedged. Volatility risk - Investors should note that volatility in the Fund s investment portfolio may result in large fluctuations in the net asset value of the Fund which may adversely affect the net asset value per share of the Fund and investors may as a result suffer losses. Equities risk - The value of, and income derived from, equity securities held may fall as well as rise and the Fund may not recoup the original amount invested in such securities. The prices of and the income generated by equity securities may decline in response to certain events, including the activities and results of the issuer, general political, economic and market conditions, regional or global economic instability and currency and interest rate fluctuations. Thus, this may adversely impact the Fund and/or the interests of investors. Risk of investing in smaller companies - Investment in smaller companies may involve greater risks and thus may be considered speculative. Many small company stocks trade less frequently and in smaller volumes and may be subject to more abrupt or erratic price movements than stocks of larger companies. The securities of small companies may also be more sensitive to market changes than securities in large companies. As such, this may adversely impact the Fund and/or the interests of investors. Concentration risk - As the Fund will invest primarily in smaller companies of any European stock markets, such concentration may exhibit a higher than usual degree of risk and the Fund may be subject to above average volatility. The diversification benefits that would ordinarily accrue from investment in a fund having a more diverse portfolio of investments, may not apply to this Fund. Risk of Eurozone crisis - The Fund may have significant investment exposure to the Eurozone or the Euro. In light of ongoing concerns on the sovereign debt risk of certain countries within the Eurozone, the Fund s investments in the region may be subject to higher volatility, liquidity, currency and default risks. Any adverse events, such as credit downgrade of a sovereign or exit of EU members from the Eurozone or other adverse economic, political, policy, foreign exchange, tax, legal or regulatory event affecting the Eurozone markets, may have a negative impact on the value of the Fund. 2 41

44 Invesco Pan European Small Cap Equity Fund Risk of investing in financial derivative instruments ( FDI ) for efficient portfolio management and hedging purposes - Investments of the Fund may be composed of FDI used for efficient portfolio management or to attempt to hedge or reduce the overall risk of its investments. Risks associated with FDI include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDI may lead to a high risk of significant loss by the Fund. How has the Fund performed? Is there any guarantee? The Fund Manager views Class A accumulation - EUR (the Share Class ), being the focus share class of the Fund available to the public of Hong Kong, as the most appropriate representative unit class. Fund launch date: 02 January Share Class launch date: 02 January The base currency of the Fund is EUR. Past performance of the Share Class is calculated in EUR. Performance is calculated after deduction of ongoing charges and is inclusive of gross income reinvested. Any entry/exit charges shown are excluded from the calculation. Past performance is not a guide to future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-To-NAV, with dividend reinvested. These figures show by how much the Share Class increased or decreased in value during the calendar year being shown. Where no past performance is shown, there was insufficient data available in that year to provide performance. The Fund does not have any guarantees. You may not get back the full amount of money you invest. What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the Fund. Fee % Share Class What you pay Subscription fee/ Initial charge Switching fee Redemption fee Contingent Deferred Sales Charge ( CDSC ) (Class B only) Class A, C: Not exceeding 5.00% of the gross investment amount. Class B: Up to 1.00% of the value of the shares being switched. Redemption during (during X years since purchase) Applicable rate of CDSC 1st Year 4% 2nd Year 3% 3rd Year 2% 4th Year 1% After end of 4th Year None The CDSC will be calculated by reference to the lesser of (i) the current market value (based on the net asset value per share ruling on the date of redemption); or (ii) the acquisition cost of the B shares being redeemed. 42 3

45 Ongoing fees payable by the Fund Invesco Pan European Small Cap Equity Fund The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments. Management fee* Class A, B: 1.50% Class C: 1.00% Annual rate (as a % of the Fund s value) Custodian fee/ Depositary charge Performance fee Administration fee Distribution fee Up to % Class A, C: Class B: Up to 1.00% Service agents fee Class A: Up to 0.40% Class B, C: Up to 0.30% *The fees can be increased subject to the prior approval of the Securities and Futures Commission ( SFC ) and by giving not less than three months prior notice to the investors. Other fees You may have to pay other fees when dealing in the shares of the Fund. Additional Information You generally buy and redeem shares at the Fund s next-determined net asset value after the Hong Kong Sub- Distributor and Representative, Invesco Asset Management Asia Limited, receives your request in good order on or before 5:00 pm, Hong Kong time, being the Fund s dealing cut-off time. Before placing your subscription or redemption orders, please check with your distributor for the distributor s internal cut-off time (which may be earlier than the Fund s dealing cut-off time). The net asset value of the Fund is calculated each Business Day as defined in the Prospectus and the price of shares is published each Hong Kong business day (i.e. a day on which banks in Hong Kong are open for normal banking business) at This website has not been reviewed by the SFC. Investors may obtain the past performance information of other share classes offered to Hong Kong investors at This website has not been reviewed by the SFC. Investors may obtain other information of this product at This website has not been reviewed by the SFC. Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 4 43

46 Issuer: Invesco Asset Management Asia Limited 8 June 2017 FOR THE ATTENTION OF HONG KONG INVESTORS Quick Facts Fund Manager/ Management Company: Investment Manager: Base Currency: Custodian (Depositary): Dealing Frequency: Financial Year End: This statement provides you with key information about this product. This statement is a part of the Prospectus and should be read in conjunction with the Prospectus. You should not invest in this product based on this statement alone. Invesco Management S.A. Invesco Advisers, Inc., located in the USA. (Internal delegation) Euro The Bank of New York Mellon (International) Limited, Luxembourg Branch Daily The last day of February Ongoing charges Class A accumulation EUR 2.00% + over a year: Class C accumulation EUR 1.50% + + The ongoing charges figure is calculated based on annualised expenses for the period ending 31 August 2016 divided by the average net assets over the same period. This figure may vary from year to year. It excludes portfolio transaction costs. Dividend Policy: Accumulation (Dividends, if any, will be re-invested into the Fund) Minimum Investment/ Minimum Subscription Amount: Share class A C Initial (in any of the dealing currencies listed in the Application Form) USD1,500 EUR1,000 GBP1,000 HKD10,000 JPY120,000 AUD1,500 CAD1,500 NZD2,000 Additional - - What is this product? USD1,000,000 EUR800,000 GBP600,000 HKD8,000,000 JPY80,000,000 AUD1,000,000 CAD1,000,000 NZD1,200,000 Invesco European Growth Equity Fund (the Fund ) is a fund constituted in the form of a mutual fund. It is domiciled in Luxembourg and its home regulator is the CSSF, Luxembourg supervisory authority. Objectives and Investment Strategy PRODUCT KEY FACTS Invesco European Growth Equity Fund A sub-fund of Invesco Funds (SICAV) The Fund s investment objective is long-term capital growth. The Fund seeks to meet its objective by investing primarily (at least 70% of its net asset value of the Fund) in equity and equity related securities of European companies. The following are considered European companies: (i) companies having their registered office in a European country, (ii) companies with their registered office outside Europe carrying out their business activities predominantly in Europe, or (iii) holding companies, the interests of which are predominantly invested in companies with their registered office in a European country. 44 1

47 Invesco European Growth Equity Fund Up to 30% of the net asset value of the Fund may be invested in aggregate in cash and cash equivalents, money market instruments, equity and equity related securities issued by companies and other entities not meeting the above requirements or in debt securities (including convertible bonds) of issuers worldwide. The Fund may also invest on an ancillary basis in securities and money market instruments listed on the Moscow Exchange. Any investment in securities and money market instruments listed on Russian stock exchanges and dealt on Russian markets not qualifying as Regulated Markets will (together with other assets qualifying under 7.1. (General Restrictions) I (2) of the Prospectus) not exceed 10% of the net asset value of the Fund. For the avoidance of doubt, less than 30% of the net asset value of the Fund may be invested in debt securities (including convertible bonds). Not more than 10% of the net asset value of the Fund may be invested in securities issued by or guaranteed by a country which is unrated (debt securities which are not rated by any international rating agency such as Moody s, Standard & Poor s and Fitch) and/or whose credit rating is below investment grade (below investment grade is defined as credit rating that is below BBB- from Standard & Poor s and Fitch, or below Baa3 from Moody s or an equivalent rating from an internationally recognized rating agency). The Investment Manager focuses on companies that have experienced above-average long-term growth in earnings and have strong prospects for future growth. In selecting countries in which the Fund will invest, the Investment Manager also considers such factors as the prospect for relative economic growth among countries or regions, economic or political conditions, currency exchange fluctuations, tax considerations and the liquidity of a particular security. The Investment Manager considers whether to sell a particular security when any of these factors materially changes. The Fund will invest without regard to market capitalization. The Fund may use derivatives (including but not limited to futures, forwards, non-deliverable forwards, swaps and complex options structures) for hedging and efficient portfolio management purposes. Such derivatives may also incorporate derivatives on derivatives (i.e. forward dated swaps, swap options). However, financial derivative instruments will not be extensively used for investment purposes (i.e. entering into financial derivative instruments to achieve the investment objectives). What are the key risks? Investment involves risks. Please refer to the Prospectus for details including the risks factors. General investment risk - There can be no assurance that the Fund will achieve its investment objective. The instruments invested by the Fund may fall in value due to any of the key risk factors below and therefore your investment in the Fund may suffer losses. There is no guarantee of the repayment of principal. Currency exchange risk - The Fund s assets may be invested in securities denominated in currencies other than the base currency of the Fund. Also, a class of shares may be designated in a currency other than the base currency of the Fund. The net asset value of the Fund may be affected unfavorably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls. Volatility risk - Investors should note that volatility in the Fund s investment portfolio may result in large fluctuations in the net asset value of the Fund which may adversely affect the net asset value per share of the Fund and investors may as a result suffer losses. Equities risk - The value of, and income derived from, equity securities held may fall as well as rise and the Fund may not recoup the original amount invested in such securities. The prices of and the income generated by equity securities may decline in response to certain events, including the activities and results of the issuer, general political, economic and market conditions, regional or global economic instability and currency and interest rate fluctuations. Thus, this may adversely impact the Fund and/or the interests of investors. Concentration risk - As the Fund will invest primarily in equity and equity related securities of European companies, such concentration may exhibit a higher than usual degree of risk and the Fund may be subject to above average volatility. The diversification benefits that would ordinarily accrue from investment in a fund having a more diverse portfolio of investments, may not apply to this Fund. Risk of Eurozone crisis - The Fund may have significant investment exposure to the Eurozone or the Euro. In light of ongoing concerns on the sovereign debt risk of certain countries within the Eurozone, the Fund s investments in the region may be subject to higher volatility, liquidity, currency and default risks. Any adverse events, such as credit downgrade of a sovereign or exit of EU members from the Eurozone or other adverse economic, political, policy, foreign exchange, tax, legal or regulatory event affecting the Eurozone markets, may have a negative impact on the value of the Fund. 2 45

48 Invesco European Growth Equity Fund Risk of investing in financial derivative instruments ( FDI ) for efficient portfolio management and hedging purposes - Investments of the Fund may be composed of FDI used for efficient portfolio management or to attempt to hedge or reduce the overall risk of its investments. Risks associated with FDI include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDI may lead to a high risk of significant loss by the Fund. How has the Fund performed? % Share Class The Fund Manager views Class A accumulation - EUR (the Share Class ), being the focus share class of the Fund available to the public of Hong Kong, as the most appropriate representative unit class. Fund launch date: 30 June Share Class launch date: 30 June The base currency of the Fund is EUR. Past performance of the Share Class is calculated in EUR. Performance is calculated after deduction of ongoing charges and is inclusive of gross income reinvested. Any entry/exit charges shown are excluded from the calculation. Past performance is not a guide to future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-To-NAV, with dividend reinvested. These figures show by how much the Share Class increased or decreased in value during the calendar year being shown. Where no past performance is shown, there was insufficient data available in that year to provide performance. Is there any guarantee? The Fund does not have any guarantees. You may not get back the full amount of money you invest. What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the Fund. Fee What you pay Subscription fee/ Initial charge Switching fee Redemption fee Class A, C: Not exceeding 5.00% of the gross investment amount. Up to 1.00% of the value of the shares being switched. 46 3

49 Ongoing fees payable by the Fund Invesco European Growth Equity Fund The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments. Management fee* Class A: 1.50% Class C: 1.00% Annual rate (as a % of the Fund s value) Custodian fee/ Depositary charge Performance fee Administration fee Distribution fee Up to % Service agents fee Class A: Up to 0.40% Class C: Up to 0.30% *The fees can be increased subject to the prior approval of the Securities and Futures Commission ( SFC ) and by giving not less than three months prior notice to the investors. Other fees You may have to pay other fees when dealing in the shares of the Fund. Additional Information You generally buy and redeem shares at the Fund s next-determined net asset value after the Hong Kong Sub- Distributor and Representative, Invesco Asset Management Asia Limited, receives your request in good order on or before 5:00 pm, Hong Kong time, being the Fund s dealing cut-off time. Before placing your subscription or redemption orders, please check with your distributor for the distributor s internal cut-off time (which may be earlier than the Fund s dealing cut-off time). The net asset value of the Fund is calculated each Business Day as defined in the Prospectus and the price of shares is published each Hong Kong business day (i.e. a day on which banks in Hong Kong are open for normal banking business) at This website has not been reviewed by the SFC. Investors may obtain the past performance information of other share classes offered to Hong Kong investors at This website has not been reviewed by the SFC. Investors may obtain other information of this product at This website has not been reviewed by the SFC. Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 4 47

50 Issuer: Invesco Asset Management Asia Limited 8 June 2017 FOR THE ATTENTION OF HONG KONG INVESTORS Quick Facts Fund Manager/ Management Company: Investment Manager: Base Currency: Custodian (Depositary): Dealing Frequency: Financial Year End: This statement provides you with key information about this product. This statement is a part of the Prospectus and should be read in conjunction with the Prospectus. You should not invest in this product based on this statement alone. Invesco Management S.A. Invesco Asset Management Limited, located in the UK. (Internal delegation) Euro The Bank of New York Mellon (International) Limited, Luxembourg Branch Daily The last day of February Ongoing charges Class A accumulation EUR 1.72% + over a year: Class A semi-annual distribution EUR 1.72% + Class C accumulation EUR 1.12% + Class A semi-annual distribution gross income EUR 1.72% + Class A (AUD hedged) monthly distribution-1 AUD 1.72%^ Class A (CAD hedged) monthly distribution-1 CAD 1.72%^ Class A (NZD hedged) monthly distribution-1 NZD 1.72%^ Class A (USD hedged) monthly distribution-1 USD 1.72%^ Class A (USD hedged) accumulation - USD 1.72%^ ^ As the share class has recently been established, the ongoing charges figure is estimated based on the expected annualised total of charges expressed as a percentage of the average net asset value over the same period. This figure may vary from year to year. It excludes portfolio transaction costs. + The ongoing charges figure is calculated based on annualised expenses for the period ending 31 August 2016 divided by the average net assets over the same period. This figure may vary from year to year. It excludes portfolio transaction costs. Dividend Policy: PRODUCT KEY FACTS Invesco Pan European Equity Income Fund A sub-fund of Invesco Funds (SICAV) Net Income distribution (Dividends, if any, will be paid to the investors) Gross Income distribution (Dividends, if any, will be paid to investors) # Accumulation (Dividends, if any, will be re-invested into the Fund) Monthly Distribution-1 (Dividends, if any, will be paid to investors monthly. The SICAV may, at its discretion, pay (a) a portion of dividends out of gross income, (b) a portion of dividends out of capital, and (c) with respect to hedged Monthly Distribution-1 Share classes (if applicable), the interest rate differential between the currency in which the share class is denominated and the base currency of the Fund. The Fund may pay dividends out of capital and/or effectively out of capital and may reduce the net asset value per share of this share class immediately after the monthly distribution date) # The SICAV may at its discretion pay dividend out of gross income while paying all or part of the share class fees and expenses out of the capital of the share class, resulting in an increase in distributable income for the payment of dividends by the share class and therefore, the share class may effectively pay dividend out of capital and may reduce the net asset value per share of this share class immediately after the relevant distribution date. 48 1

51 Minimum Investment/ Minimum Subscription Amount: Share class A C Initial (in any of the dealing currencies listed in the Application Form) USD1,500 EUR1,000 GBP1,000 HKD10,000 JPY120,000 AUD1,500 CAD1,500 NZD2,000 Additional - - What is this product? Invesco Pan European Equity Income Fund USD1,000,000 EUR800,000 GBP600,000 HKD8,000,000 JPY80,000,000 AUD1,000,000 CAD1,000,000 NZD1,200,000 Invesco Pan European Equity Income Fund (the Fund ) is a fund constituted in the form of a mutual fund. It is domiciled in Luxembourg and its home regulator is the CSSF, Luxembourg supervisory authority. Objectives and Investment Strategy The Fund aims to generate income together with long-term capital growth, through investing primarily in European equities. The Fund will seek to deliver an above-average gross dividend yield. At least 75% of the net asset value of the Fund shall be invested in equity and equity related securities which in the view of the Investment Manager offer or reflect prospects for dividends and are issued by: (i) companies having their registered office in a European country, (ii) companies with a registered office outside Europe carrying out their business activities predominantly in Europe, or (iii) holding companies, the interests of which are predominantly invested in subsidiary companies with a registered office in a European country. Up to 25% in aggregate of the net asset value of the Fund may be invested in cash and cash equivalents, money market instruments, equity and equity related securities issued by companies or other entities not meeting the above requirements or in debt securities (including convertible bonds) of issuers worldwide. Not more than 10% of the net asset value of the Fund may be invested in securities issued by or guaranteed by a country which is unrated (debt securities which are not rated by any international rating agency such as Moody s, Standard & Poor s and Fitch) and/or whose credit rating is below investment grade (below investment grade is defined as credit rating that is below BBB- from Standard & Poor s and Fitch, or below Baa3 from Moody s or an equivalent rating from an internationally recognized rating agency). The Fund may use derivatives (including but not limited to futures, forwards, non-deliverable forwards, swaps and complex options structures) for hedging and efficient portfolio management purposes. Such derivatives may also incorporate derivatives on derivatives (i.e. forward dated swaps, swap options). However, financial derivative instruments will not be extensively used for investment purposes (i.e. entering into financial derivative instruments to achieve the investment objectives). What are the key risks? Investment involves risks. Please refer to the Prospectus for details including the risks factors. General investment risk - There can be no assurance that the Fund will achieve its investment objective. The instruments invested by the Fund may fall in value due to any of the key risk factors below and therefore your investment in the Fund may suffer losses. There is no guarantee of the repayment of principal. Currency exchange risk - The Fund s assets may be invested in securities denominated in currencies other than the base currency of the Fund. Also, a class of shares may be designated in a currency other than the base currency of the Fund. The net asset value of the Fund may be affected unfavorably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls. 2 49

52 Invesco Pan European Equity Income Fund - For the hedged share classes, there is no guarantee that the exposure of the currency in which the shares are denominated can be fully hedged at all times against the base currency of the Fund or the currency or currencies in which the assets of the Fund are denominated. Investors should also note that the successful implementation of the strategy may substantially reduce the benefit to shareholders in the relevant class of shares as a result of decreases in the value of the share class currency against the base currency of the Fund. In the event that investors request payment of redemption proceeds in a currency other than the currency in which the shares are denominated, the exposure of that currency to the currency in which the shares are denominated will not be hedged. Volatility risk - Investors should note that volatility in the Fund s investment portfolio may result in large fluctuations in the net asset value of the Fund which may adversely affect the net asset value per share of the Fund and investors may as a result suffer losses. Equities risk - The value of, and income derived from, equity securities held may fall as well as rise and the Fund may not recoup the original amount invested in such securities. The prices of and the income generated by equity securities may decline in response to certain events, including the activities and results of the issuer, general political, economic and market conditions, regional or global economic instability and currency and interest rate fluctuations. Thus, this may adversely impact the Fund and/or the interests of investors. Concentration risk - As the Fund will invest primarily in the equity and equity related securities of European companies, such concentration may exhibit a higher than usual degree of risk and the Fund may be subject to above average volatility. The diversification benefits that would ordinarily accrue from investment in a fund having a more diverse portfolio of investments, may not apply to this Fund. Risk of Eurozone crisis - The Fund may have significant investment exposure to the Eurozone or the Euro. In light of ongoing concerns on the sovereign debt risk of certain countries within the Eurozone, the Fund s investments in the region may be subject to higher volatility, liquidity, currency and default risks. Any adverse events, such as credit downgrade of a sovereign or exit of EU members from the Eurozone or other adverse economic, political, policy, foreign exchange, tax, legal or regulatory event affecting the Eurozone markets, may have a negative impact on the value of the Fund. Risk of investing in financial derivative instruments ( FDI ) for efficient portfolio management and hedging purposes - Investments of the Fund may be composed of FDI used for efficient portfolio management or to attempt to hedge or reduce the overall risk of its investments. Risks associated with FDI include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDI may lead to a high risk of significant loss by the Fund. Risks associated with payment of dividends and/or fees and expenses out of capital - Payment of dividends out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction of the net asset value per share in respect of such share class after the monthly distribution date. - For Monthly Distribution-1 share classes that are currency hedged, the Fund may take into account the return driven by the interest rate differential between the currency in which the hedged Monthly Distribution-1 share class is denominated and the base currency of the Fund in determining the distribution to be paid. Investors should be aware that the uncertainty of relative interest rates which will have an impact on the return of the hedged Monthly Distribution-1 share class. The net asset value of the Monthly Distribution-1 hedged share class may fluctuate and may significantly differ from other share class due to the fluctuation of the interest rate differential between the currency in which the hedged Monthly Distribution-1 share class is denominated and the base currency of the Fund, and may result in an increase in the amount of distribution that is paid out of capital and hence a greater erosion of capital than other non-hedged share class. Investors in such share class may therefore be adversely affected. 50 3

53 Invesco Pan European Equity Income Fund How has the Fund performed? % Share Class The Fund Manager views Class A semi-annual distribution - EUR (the Share Class ), being the focus share class of the Fund available to the public of Hong Kong, as the most appropriate representative unit class. Fund launch date: 31 October Share Class launch date: 31 October The base currency of the Fund is EUR. Past performance of the Share Class is calculated in EUR. Performance is calculated after deduction of ongoing charges and is inclusive of gross income reinvested. Any entry/exit charges shown are excluded from the calculation. Past performance is not a guide to future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-To-NAV, with dividend reinvested. These figures show by how much the Share Class increased or decreased in value during the calendar year being shown. Where no past performance is shown, there was insufficient data available in that year to provide performance. Is there any guarantee? The Fund does not have any guarantees. You may not get back the full amount of money you invest. What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the Fund. Fee What you pay Subscription fee/ Initial charge Switching fee Redemption fee Class A, C: Not exceeding 5.00% of the gross investment amount. Up to 1.00% of the value of the shares being switched. 4 51

54 Ongoing fees payable by the Fund Invesco Pan European Equity Income Fund The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments. Management fee* Class A: 1.50% Class C: 1.00% Annual rate (as a % of the Fund s value) Custodian fee/ Depositary charge Performance fee Administration fee Distribution fee Up to % Service agents fee Class A: Up to 0.40% Class C: Up to 0.30% *The fees can be increased subject to the prior approval of the Securities and Futures Commission ( SFC ) and by giving not less than three months prior notice to the investors. Other fees You may have to pay other fees when dealing in the shares of the Fund. Additional Information The compositions of the dividends (i.e. the relative amounts paid out of (i) net distributable income and (ii) capital) for the last 12 months ( Dividend Composition Information ) are available from the Hong Kong Sub-Distributor and Representative, Invesco Asset Management Asia Limited, on request and at This website has not been reviewed by the SFC. You generally buy and redeem shares at the Fund s next-determined net asset value after the Hong Kong Sub- Distributor and Representative, Invesco Asset Management Asia Limited, receives your request in good order on or before 5:00 pm, Hong Kong time, being the Fund s dealing cut-off time. Before placing your subscription or redemption orders, please check with your distributor for the distributor s internal cut-off time (which may be earlier than the Fund s dealing cut-off time). The net asset value of the Fund is calculated on each Business Day as defined in the Prospectus and the price of shares is published each Hong Kong business day (i.e. a day on which banks in Hong Kong are open for normal banking business) at This website has not been reviewed by the SFC. Investors may obtain the past performance information of other share classes offered to Hong Kong investors at This website has not been reviewed by the SFC. Investors may obtain other information of this product at This website has not been reviewed by the SFC Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 52 5

55 Issuer: Invesco Asset Management Asia Limited 8 June 2017 FOR THE ATTENTION OF HONG KONG INVESTORS Quick Facts Fund Manager/ Management Company: Investment Manager: Base Currency: Custodian (Depositary): Dealing Frequency: Financial Year End: This statement provides you with key information about this product. This statement is a part of the Prospectus and should be read in conjunction with the Prospectus. You should not invest in this product based on this statement alone. Invesco Management S.A. Invesco Asset Management Limited, located in the UK. (Internal delegation) US Dollar The Bank of New York Mellon (International) Limited, Luxembourg Branch Daily The last day of February Ongoing charges Class A accumulation USD 2.16% + over a year: Class B accumulation USD 3.16% + Class C accumulation USD 1.66% + + The ongoing charges figure is calculated based on annualised expenses for the period ending 31 August 2016 divided by the average net assets over the same period. This figure may vary from year to year. It excludes portfolio transaction costs. Dividend Policy: Accumulation (Dividends, if any, will be re-invested into the Fund) Minimum Investment/ Minimum Subscription Amount: Share class A B C Initial (in any of the dealing currencies listed in the Application Form) USD1,500 EUR1,000 GBP1,000 HKD10,000 JPY120,000 AUD1,500 CAD1,500 NZD2,000 USD1,500 EUR1,000 GBP1,000 HKD10,000 JPY120,000 AUD1,500 CAD1,500 NZD2,000 Additional PRODUCT KEY FACTS Invesco Emerging Europe Equity Fund A sub-fund of Invesco Funds (SICAV) 1 USD1,000,000 EUR800,000 GBP600,000 HKD8,000,000 JPY80,000,000 AUD1,000,000 CAD1,000,000 NZD1,200,000 What is this product? Invesco Emerging Europe Equity Fund (the Fund ) is a fund constituted in the form of a mutual fund. It is domiciled in Luxembourg and its home regulator is the CSSF, Luxembourg supervisory authority. Objectives and Investment Strategy The Fund aims to achieve long-term capital growth by investing primarily (at least 70% of its net asset value) in equity and equity related securities (excluding convertibles or bonds with warrants attached) of companies in emerging European markets. For the purpose of the Fund, companies in emerging European markets are considered to refer to: (i) companies having their registered office in an emerging European country, (ii) companies established or located in countries outside of emerging Europe but carrying out their business activities predominantly in emerging European countries, or (iii) holding companies the interests of which are predominantly invested in equity of companies having their registered office in an emerging European country. Up to 30% of the net asset value of the Fund may be invested in aggregate in cash and cash equivalents, money market instruments, equity and equity related securities issued by companies or other entities not meeting the above requirements or in debt securities (including convertible bonds) of issuers worldwide. For the avoidance of doubt, less than 30% of the net asset value of the Fund may be invested in debt securities (including convertible bonds). 53