Invesco Diversified Dividend Fund. Building a solid foundation

Invesco Diversified Dividend Fund Building a solid foundation of dividend growers Equity Objective Seeks long-term capital growth with current income as its secondary objective Symbols A: LCEAX C: LCEVX Y: LCEYX R: DDFRX R5: DDFIX R6: LCEFX Fund facts and figures Top 31% vs. Morningstar peers since manager inception 1 100% dividend-paying stocks 10-year beta: 0.84 2 Overall Morningstar Rating TM Large Value Funds Category, Class A Shares as of Dec. 31, 2017: HHHH Morningstar ratings are based on a risk-adjusted return measure that accounts for variation in a fund s monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three-year history. The overall rating is derived from a weighted average of three-, five- and 10- year rating metrics, as applicable, excluding sales charges and including fees and expenses. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Class A shares received 4 stars for the overall, 3 stars for the three years, 3 stars for the five years and 4 stars for the 10 years. The fund was rated among 1,090, 1,090, 965 and 695 funds within the Morningstar Large Value Category for the overall period, three, five and 10 years, respectively. A foundation for investors portfolios With more people entering retirement, there is a growing need for investments that can serve as a solid foundation of their portfolios. Dividend-paying stocks can help by providing relatively conservative exposure to the equity market. This means their growth potential may come with lower volatility over time. Dividend-paying stocks strive to improve the investor experience (as measured by the S&P 500 Index) Manage market risk Historical beta by dividend policy 1982 2017 0.86 Dividend growers and initiators 1.11 Non-dividend payers Provide total return Annualized returns 1972 2017 2.60 Non-dividend payers 9.30 Dividend payers Sources: Ned Davis Research Inc., S&P Capital IQ, Compustat, Invesco. Past performance cannot guarantee comparable future results. Beta is a measure of the volatility or systematic risk, of a security or a portfolio in comparison to the market as a whole. Beta for dividend growers and initiators and non-dividend payers is based on the S&P 500 Index for rolling ten-year periods using monthly data with the first ten-year time period beginning Sept. 30, 1982 to Oct. 31, 2017. Returns based on monthly equal-weighted geometric average of total returns of S&P 500 component stocks, with components catagorized monthly. Annualized returns are shown from Jan. 31, 1972 - Dec. 31, 2017. Non-Dividend Paying Stocks represents non-dividend paying stocks of the S&P 500 Index, Dividend Payers represents dividend-paying stocks of the S&P 500 Index and Dividend Growers and initiators represents all dividend-paying stocks of the S&P 500 Index that raised their existing dividend or initiated a new dividend recatgorized monthly. Indexes are unmanaged and an investment cannot be made directly into an index. Invesco Diversified Dividend Fund seeks to serve as a foundation for investors portfolios by employing a total return approach combining appreciation, income and preservation. The fund: Is managed to provide potential upside participation relative to the downside risk over a full market cycle. Invests in companies with attractive total return profiles over a full market cycle. Focuses on companies with sustainable and growing dividends. 3 Seeks to deliver a low-volatility, broadly diversified stock portfolio across all market sectors. 15 years of dividend value investing Invesco Diversified Dividend Fund An active strategy that seeks to deliver value through dividend investing by employing a total return approach combining appreciation, income and preservation over a full market cycle 1 Source: StyleADVISOR. The fund ranking is based on total return at NAV versus 781 (242 of 781) Morningstar large value peers since manager inception on Dec. 31, 2002, through Dec. 31, 2017 at NAV. 2 Source: StyleADVISOR. Beta is versus the Russell 1000 Value Index. 3 The fund may invest up to 20% of its total assets in investment grade debt securities of US issuers. 1 Appreciation A consistent history of adding value for investors 2 Income A focus on sustainable and growing dividends 3 Preservation A consistent history of lower volatility for investors

Appreciation A consistent history of adding value for investors 1 Dividends are valuable, but competitive long-term results are driven by the combination of dividends and appreciation. Top 31% ranking vs. Morningstar peers since manager inception 1 The fund seeks to invest in companies with an attractive total return profile, adding value with less risk over a full market cycle. The team s valuation discipline looks for a minimum of 35% upside over a two- to three-year horizon for new investments. A total return approach takes advantage of market inefficiencies where investors are focused on short-term headwinds or don t recognize the long-term opportunity. This process has helped deliver attractive results for shareholders. A history of adding value for investors Invesco Diversified Dividend Fund Class A shares at NAV since manager inception Dec. 31, 2002 to Dec. 31, 2017 Growth of $10k-total return Growth of $10k-price only return, without dividends $40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 12/02 12/04 12/06 12/08 12/10 12/12 12/14 12/16 $39,266 $23,375 Source: Invesco as of Dec. 31, 2017. Since manager inception, an investment of $10,000 on Dec. 31, 2002, would have grown to $39,266 by Dec. 31, 2017 if dividends were reinvested. If dividends were taken in cash, the return would have been $23,375. Returns for Class A shares do not include sales charges. Past performance is not a guarantee of future results. Average annual returns (%) as of Dec. 31, 2017 Invesco Diversified Dividend Fund Class A shares Class A shares at NAV Class A shares at max load 5.50% Russell 1000 Value Index % 1 year 5 years 10 years Inception (12/31/01) 13.66 12.70 11.44 14.04 8.20 8.26 7.65 7.10 7.99 7.61 7.79 2.27 Performance quoted is past performance and cannot guarantee comparable future results; current performance may be lower or higher. Visit invesco.com/performance for the most recent month-end performance. Figures reflect reinvested distributions and changes in NAV. Investment return and principal value will vary; you may have a gain or a loss when you sell shares. Index returns do not reflect any fees, expenses or sales charges. Investments cannot be made directly into an index. Fund performance reflects any applicable fee waivers and/or expense reimbursements. Had the adviser not waived fees and/or reimbursed expenses returns and rankings would have been lower. The gross expense ratio on Class A shares for Invesco Diversified Dividend Fund is 0.84%. See the fund s current prospectus for more information. 1 Source: StyleADVISOR. The fund ranking is based on total return at NAV versus 781 (242 of 781) Morningstar large value peers since manager inception on Dec. 31, 2002, through Dec. 31, 2017. Common stocks do not assure dividend payments. Dividends are paid only when declared by an issuer s board of directors and the amount of any dividend may vary over time.

Income A focus on sustainable and growing dividends 2 On average, 81% of the fund s holdings have raised their dividends annually. 1 The fund s strategy focuses on current income from companies with sustainable and growing dividends which are often an indicator of a well-managed, financially disciplined business. The investment team analyzes each company s ability to maintain or raise dividends in the future. This includes an analysis of historical dividend payment patterns, as well as a determination of the firm s ability to produce high returns on invested capital that could be distributed to shareholders. As shown in the chart below, the fund has delivered a 13.82% dividend growth rate for investors since manager inception. Please note that quarterly dividend payouts varied and decreased during some periods. A history of strong dividend growth Annualized dividend growth rate since manager inception % CPI (inflation) S&P 500 Index Invesco Diversified 14 Dividend Fund 12 13.82 10 8 6 8.19 4 2 2.12 Sources: Invesco, Lipper Inc., FactSet and Research Systems, Inc. The chart is from manager inception on Dec. 31, 2002, through Dec. 31, 2017. The Consumer Price Index (CPI) is a measure of change in consumer prices as determined by the US Bureau of Labor Statistics. Past performance is no guarantee of future results. Investments cannot be made directly into an index. The dividend growth rate is not a yield or a measure of fund performance but is based on the annualized growth rate of the fund s actual dividend payments. The dividend growth rate reflected assumes an initial investment of $10,000 into Invesco Diversified Dividend Fund on Dec. 31, 2002, with no reinvestment of dividends over time. Past performance is no guarantee of future results. Please note that quarterly dividend payouts varied and decreased during some periods since the manager inception period. 1 Sources: Invesco, Compustat. Data from manager inception of Dec. 31, 2002, through Dec. 31, 2017. Common stocks do not assure dividend payments. Dividends are paid only when declared by an issuer s board of directors and the amount of any dividend may vary over time.

Preservation A consistent history of outperformance in downturns 3 The fund outpaced peers during the last bear market, with a total return ranking at NAV in the top 8% of its category. 1 The investment team seeks to balance total return with risk management to limit volatility, minimize downside risk and ensure broad sector diversification. The strategy s risk management framework seeks to identify sound companies and conducts scenario analysis on potential investments to assess potential downside risk. The fund outpaced peers during the last bear market, with a total return ranking at NAV in the top 8% of its category. 1 Invesco Diversified Dividend Fund seeks to provide strong upside participation with better downside preservation over a full market cycle, delivering a less volatile experience for investors over time. The investment team focuses on firms with strong balance sheets and an attractive risk / reward profile. Preservation: Invesco Diversified Dividend Fund has a history of outperformance in market downturns Invesco Diversified Dividend Fund vs. Russell 1000 Value Index five worst market downturns since team inception on 12/31/02 Invesco Diversified Dividend Fund Russell 1000 Value Index Invesco Diversified Dividend Fund vs. the Russell 1000 Value in market downturns $40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 12/02 12/03 12/04 12/05 12/06 12/07 12/08 Great Recession +9.95% 12/09 12/10 European Sovereign Debt Crisis +2.01% 12/11 US Credit Down-grade +3.51% 12/12 12/13 12/14 EM Slowdown +6.22% 12/15 12/16 EM Slowdown Part 2 +5.62% 12/17 Sources: Invesco, StyleADVISOR, as of Dec. 31, 2017. Shaded area time periods represent the largest market downturns: 10/10/07-3/9/09, 4/23/10 7/5/10, 4/29/11 10/3/11, 11/3/15 2/11/16 and 5/21/15-8/25/15. Past performance cannot guarantee comparable future results. Investments cannot be made directly into an index. Returns for class A shares are at NAV and do not include sales charges. Invesco Diversified Downturns Russell 1000 Value Index (%) Dividend Fund Class A Shares at NAV (%) Great Recession 10/10/07 3/9/09-59.90-49.95 European Sovereign Debt Crisis 4/23/10 7/5/10-16.55-14.54 US Credit Downgrade 4/29/11 10/3/11-21.46-17.95 EM Slowdown 5/21/15 8/25/15-13.46-7.24 EM Slowdown, Part 2 11/3/15 2/11/16-13.80-8.18 Average -25.03-19.57 Average Outperformance of Invesco Diversified Dividend Fund 5.46 Sources: Invesco, StyleADVISOR, as of Dec. 31, 2017. Past performance is not a guarantee of future results. Investments cannot be made directly into an index. Performance data in above table and chart is based on cumulative returns. 1 Source: StyleADVISOR. Total return ranking at NAV in Morningstar Large Value category and are based on total return, excluding sales charges and including fees and expenses. Bear market performance shown is from the month after the start date of Oct. 10, 2007, through March 31, 2009, the month end closest to the end of the bear market on March 9, 2009. The fund was ranked 99 of 1,172 funds in the Morningstar Large Value category.

A foundation for investors portfolios Invesco Diversified Dividend Fund The fund ranked in the top 32% in the last full market cycle and is in the top 13% in the current full market cycle. 2 Time periods represented: Bull market ranking shown is from the month after the start date of March 12, 2003 through Oct. 31, 2007, month end after the end of the bull market on Oct. 9, 2007. Full market cycle ranking shown is from the month after the start date of March 12, 2003 through March 31, 2009, the month end after the end of the full market cycle on March 9, 2009. Bear market ranking shown is from the month after the start date of Oct. 10, 2007, through March 31, 2009, the month after the end of the bear market on March 9, 2009. Current full market cycle ranking shown is from the month after the start date of Oct. 10, 2007, through Dec. 31, 2017. Current bull market cycle ranking shown is from the month after March 9, 2009, through Dec. 31, 2017. Sources: Invesco, StyleADVISOR. Fund performance reflects any applicable fee waivers and/or expense reimbursements. Had the adviser not waived fees and/or reimbursed expenses returns and rankings would have been lower. Past performance is no guarantee of future results. Rankings are based on total return, excluding sales charges and including fees and expenses versus all funds in the Morningstar category. Open-end mutual funds and exchangetraded funds are considered a single population for comparison purposes. Had fees not been waived and/or expenses reimbursed currently or in the past, the ranking would have been lower. Rankings for other share classes may differ due to different performance characteristics. Sources: Invesco, FactSet Research Systems, Inc., StyleADVISOR, Lipper Inc. Past performance is no guarantee of future results. Index performance reflects reinvestment of dividends. An investment cannot be made directly in an index. 1 The fund may invest up to 20% of its total assets in investment grade debt securities of US issuers. 2 Source: StyleADVISOR 3 Morningstar rankings are based on total return, excluding sales charges and including fees and expenses, versus all funds in the Morningstar Large Value category. 4 The bear market outperformance is shown as cumulative in the chart due to its short duration compared with other time periods. An active strategy that seeks to deliver value through dividend investing by employing a total return approach combining appreciation, income and preservation over a full market cycle. Investing in companies with attractive total return profiles over a full market cycle Focusing on companies with sustainable and growing dividends 1 Seeking to deliver a low-volatility, broadly diversified portfolio The fund has outperformed its benchmark with less risk over full market cycles Invesco Diversified Dividend Fund Class A shares at NAV versus the Russell 1000 Value Index since manager inception (Dec. 31, 2002, through Dec. 31, 2017) Invesco Diversified Dividend Fund Russell 1000 Value Index 12/02 12/04 Bull Market 3-3.36% 83rd percentile (916/1,107) 12/06 Full Market Cycle 3 +1.56% 32nd percentile (360/1,107) 12/08 Bear Market 3,4 +9.95% 8th percentile (99/1,172) Average annual total returns (%) Bull market (3/12/03 to 10/9/07) 12/10 12/12 12/14 Current Bull Market -1.31% 45th percentile (447/1,001) Current Full Market Cycle +1.30% 13th percentile (120/942) Bear market (10/10/07 to 3/9/09) Full market cycle (3/12/03 to 3/9/09) Current bull market (3/9/09 to 12/31/17) 12/16 $39,266 $39,309 Current full cycle (10/10/07 to 12/31/17) Class A shares at NAV 17.62-38.66 0.85 17.45 7.39 Class A shares at max 5.5% load 16.17-41.05-0.10 16.70 6.80 Russell 1000 Value Index 20.98-47.53-0.71 18.76 6.09 Outperformance/underperformance of Invesco Diversified Dividend Fund at NAV versus the Russell 1000 Value Index -3.36 8.87 1.56-1.31 1.30 Total return rankings, class A shares at NAV as of Dec. 31, 2017 Class A shares Invesco Diversified Dividend Fund Morningstar category Large Value Funds 1-year 5-years 10-years Since inception (12/31/01) % Rank % Rank % Rank % Rank 98% 1,238/ 1,260 71% 633/ 965 15% 77/ 695 22% 163/ 736

Why Invesco for US value equities? Finding the right combination of value strategies By the numbers Value assets under management 1 $82.7 billion Average years of US value equities experience >18 At Invesco, we have four distinct value strategies that search for opportunities in different ways. But all of our strategies have some important things in common: consistent management, disciplined processes and a focus on long-term value. Wondering if your current value strategy is the right one for you? It might be time to compare your current value managers to Invesco. % of Class A shares open-end value mutual fund assets in the top half of peer group 2 93 Number of distinct value styles 4 Explore High-Conviction Investing with Invesco 1 Data as of Dec. 31, 2017. Includes SMAs, institutional separate accounts, mutual funds, variable insurance trusts and sub-advised. 2 Source: Morningstar, Inc. The rankings are based on total returns at NAV and are for the 10-year period ending Dec. 31, 2017. Any reference to a ranking, a rating or an award provides no guarantee for future performance results and is not constant over time and may include periods of negative performance. The funds may have experienced negative returns for the time periods shown. Please see invesco.com/fundperformance for most recent performance. About risk The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues. A value style of investing is subject to the risk that the valuations never improve or that the returns will trail other styles of investing or the overall stock markets. The fund is subject to certain other risks. Please see the current prospectus for more information regarding the risks associated with an investment in the fund. Before investing, investors should carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. For this and more complete information about the fund(s), investors should ask their advisors for a prospectus/summary prospectus or visit invesco.com/fundprospectus. Note: Not all products, materials or services available at all firms. Advisors, please contact your home office. This does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial professional before making any investment decisions. All data as of Dec. 31, 2017, unless otherwise stated. Standard deviation measures a fund s range of total returns and identifies the spread of a fund s short-term fluctuations. Beta is a measure of the volatility or systematic risk, of a security or a portfolio in comparison to the market as a whole. Diversification does not guarantee a profit or eliminate the risk of loss. The S&P 500 Index is an unmanaged index considered representative of the US stock market. The Russell 1000 Value Index is an unmanaged index considered representative of large-cap value stocks. The Russell 1000 Value Index is a trademark/service mark of the Frank Russell Co. Russell is a trademark of the Frank Russell Co. An investment cannot be made directly in an index. 2018 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and isn t warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance cannot guarantee future results. Ratings are as of Dec. 31, 2017, and are subject to change monthly. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings for other share classes may differ due to different performance characteristics. invesco.com/us DDI-IVG-1 01/18 Invesco Distributors, Inc. US1450