Multi-Asset

The value of investments and any income will fluctuate. This may partly be the result of exchange rate fluctuations. Investors may not get back the full amount invested.

Onshore bond funds:

The securities that the Invesco Summit Responsible Range and the Invesco Summit Growth Range invest in may not always make interest and other payments, nor is the solvency of the issuers guaranteed. Market conditions, such as a decrease in market liquidity, may leave the funds unable to sell securities at their true value. These risks increase where the funds invest in high yield or lower credit quality bonds.

Emerging market risk:

The Invesco Summit Responsible Range and the Invesco Summit Growth Range invest in emerging and developing markets, where there is potential for a decrease in market liquidity. This may mean that it is not easy to buy or sell securities. There may also be difficulties in dealing and settlement and custody problems could arise.

Although the Invesco Global Targeted Returns Fund (UK)  invest mainly in established markets, they can also invest in emerging and developing markets. Where this is the case, they are also exposed to the emerging market risks described above.

Derivative risk:

The Invesco Summit Responsible Range and the Invesco Summit Growth Range can use derivatives for investment purposes. This may result in the funds being leveraged and can result in large fluctuations in their value.

Counterparty risk:

The Invesco Summit Responsible Range and the Invesco Summit Growth Range may be exposed to counterparty risk, should an entity with which they do business become insolvent, resulting in financial loss.

ESG:

The use of ESG criteria may affect the Invesco Summit Responsible Range’s investment performance. As such, it may perform differently to similar products that do not screen investment opportunities against ESG criteria.

Risk target:

The Invesco Summit Responsible Range’s risk profile may fall outside the range stated in the investment objective and policy from time to time. There can be no guarantee that the funds will maintain the target level of risk, especially during periods of unusually high or low market volatility.

Interest rate changes:

The Global Targeted Returns Fund (UK)’s performance may be adversely affected by variations in interest rates.

Invesco Global Targeted Returns Fund (UK) – additional product-specific risks:

The Invesco Global Targeted Returns Fund (UK) make significant use of financial derivatives (complex instruments), which will result in the funds being leveraged. This may result in large fluctuations in the value of the funds. Leverage on certain types of transactions, including derivatives, may impair the funds’ liquidity, cause them to liquidate positions at unfavourable times, or otherwise cause the funds to fail to achieve their intended objectives. Leverage occurs when the economic exposure created by using derivatives is greater than the amount invested. This exposes the funds to a greater loss than the initial investment.

The funds may be exposed to counterparty risk, should an entity with which they do business become insolvent, resulting in financial loss. This counterparty risk is reduced by the manager through collateral management.

The securities in which the funds invest may not always make interest and other payments, nor is the solvency of the issuers guaranteed. Market conditions, such as a decrease in market liquidity, may leave the funds unable to sell those securities at their true value. These risks increase where the funds invest in high yield or lower credit quality bonds.