Invesco | Invesco International Growth Fund: A 20-Year-Old Committed for the Long Term

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Invesco International Growth Fund: A 20-Year-Old Committed for the Long Term

Invesco International Growth Fund is a 20-year-old fund committed to investing long term. The fund's multilingual, multinational management team believes that continuously applying their focused quality-growth investment process has produced the consistent, competitive results investors deserve.

Why consider a long-term commitment with Invesco International Growth Fund?

Invesco International Growth Fund may be an attractive portfolio allocation because the fund's portfolio management team strives to provide:

Consistency

Outperformed the MSCI EAFE Growth Index in 100% of quarterly rolling five-year periods from 1992 inception to Dec. 31, 2012.¹

Quality

Outperformed 88% with less risk than 94% of all foreign large-cap funds tracked by Morningstar over the five years ended Dec. 31, 2012.²

Continuity

20 years with one process
20 years with International Growth team
20 years with Invesco

1 Source: Invesco, Lipper, Inc.
2 Source: StyleADVISOR, ©2013 Morningstar. Invesco International Growth Fund falls in the Morningstar Foreign Large Growth Category. Rankings shown versus all categories are intended to demonstrate the fund's historical capability as an international holding and long-term results.

Morningstar rankings are based on total return, excluding sales charges and including fees and expenses. Morningstar risk rankings are based on standard deviation of returns, excluding sales charges and including fees and expenses. Fund counts include preinception performance for all secondary classes of shares. For returns, the fund was ranked in the top 14% (117 of 826), top 12% (138 of 1,168), top 17% (216 of 1,299) and top 80% (1,080 of 1,350) of foreign large-cap funds tracked by Morningstar over the 10-, five-, three- and one-year periods ended Dec. 31, 2012, respectively. For risk, the fund was ranked in the top 4% (33 of 826), top 6% (75 of 1,168) and top 5% (64 of 1,299) of foreign large-cap funds tracked by Morningstar over the 10-, five- and three-year periods ended Dec. 31, 2012, respectively. One-year risk ranks aren't available because the short time frame doesn't provide sufficient data for the standard deviation to be statistically valid.

20 years of long-term relative outperformance versus the MSCI EAFE Growth Index

Annualized returns (%) as of Dec. 31, 2012

Annualized Returns	1 year	3 years	5 years	10 years	15 years	Inception (4/7/92)
Invesco International Growth Fund - Class A shares at NAV	15.15	6.36	-0.78	10.08	5.63	7.88
Invesco International Growth Fund - Class A share w/max 5.5% load	8.82	4.38	-1.89	9.46	5.23	7.58
MSCI EAFE Growth Index	16.86	4.85	-3.09	7.77	3.18	4.46
Fund outperformance of MSCI EAFE Growth Index at NAV	-1.71	1.51	2.31	2.31	2.45	3.42

Source: Invesco, Lipper Inc.
¹Return from March 31, 1992

Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be higher or lower than the figures shown. For most recent month-end performance figures, please visit invesco.com/performance. Investment returns and principal value will fluctuate and fund shares, when redeemed, may be worth more or less than their original cost. Performance for other share classes will vary. Returns assume reinvestment of dividends and capital gains. Unless otherwise noted, performance shown is at NAV, and does not include applicable front-end sales charge. If sales charge had been included, performance would be lower.

The gross expense ratio is 1.39% for Class A shares. Expenses are as of the fund's fiscal year end as outlined in the fund's current prospectus.

How has the International Growth team pursued quality growth?

Team members believe bottom-up fundamental analysis and active management are the most effective ways to find attractive long-term holdings. They use a disciplined quality growth investment strategy that focuses on finding companies with sustainable earnings growth, attractive balance sheets and reasonable prices. By choosing stocks with those characteristics, the fund management team helps create a strategy that may benefit your portfolio with participation in market growth while carefully monitoring risk to mitigate losses.

Who has helped produce the fund's quality growth results?

Invesco International Growth Fund Managers

		Clas G. Olsson Portfolio Manager				Shuxin (Steve) Cao, CFA, CPA Portfolio Manager
		Matthew W. Dennis, CFA Portfolio Manager				Jason T. Holzer, CFA Portfolio Manager
		Mark Jason, CFA Portfolio Manager

Team highlights

Lead manager Clas Olsson joined fund in 1994
All senior team members on team for more than a decade
Fund managers joined team as analysts, learning strategy from the bottom up
Seven nationalities and eight languages represented by multilingual, multicultural team provide global perspective

Morningstar Rating

MorningStar Rating (load waived)
(load)

Morningstar ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effect of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable. Load-waived shares are not available to all investors, so sales charges, loads and redemption fees should be considered when making investment decisions. Class A shares received four stars overall, three stars for three years and four stars for five and 10 years (load); four stars overall, and four stars for three, five and 10 years (load waived). The fund was rated among 223, 223, 182 and 105 foreign large growth funds, respectively. Ratings are as of Dec. 31, 2012, and subject to change every month.

Resources

A fund is eligible for a Morningstar Rating three years after inception. 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. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Ratings for other share classes may differ due to different performance characteristics. ©2013 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 is not 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 comparable future results.

About risk
The fund's foreign investments may be affected by changes in the foreign country's exchange rates; political and social instability; changes in economic or taxation policies; difficulties when enforcing obligations; decreased liquidity; and increased volatility. Foreign companies may be subject to less regulation resulting in less publicly available information about the companies.

The investment techniques and risk analysis used by the fund's portfolio managers may not produce the desired results.

Growth stocks can perform differently from the market as a whole. Growth stocks tend to be more expensive relative to their earnings or assets compared with other types of stock. As a result they tend to be more sensitive to changes in their earnings and can be more volatile.

Securities issued by foreign companies and governments located in developing countries may be affected more negatively by inflation, devaluation of their currencies, higher transaction costs, delays in settlement, adverse political developments, the introduction of capital controls, withholding taxes, nationalization of private assets, expropriation, social unrest, war or lack of timely information than those in developed countries.

The MSCI EAFE® Growth Index is an unmanaged index considered representative of growth stocks of Europe, Australasia and the Far East.

NOT FDIC INSURED

MAY LOSE VALUE

NO BANK GUARANTEE

Before investing, investors should carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. For this and more complete information about the fund(s), investors should ask their advisers for a prospectus/summary prospectus.

All data provided by Invesco unless otherwise noted.

Invesco Distributors, Inc. is the US distributor for Invesco Ltd.'s retail products. It is a wholly owned, indirect subsidiary of Invesco Ltd.

Invesco Distributors, Inc.