Invesco Mid Cap Growth Trust

There is a risk that you could lose all or a portion of your investment in the Fund. The value of your investment in the fund will go up and down with the prices of the securities in which the fund invests. Listed below are some of the principal risks associated with investing in the Fund.

Active Trading Risk. The Fund may engage in frequent trading to achieve its investment objective. If the Fund does trade frequently, it may incur increased costs, which can lower the Fund's return.

Derivatives Risk. For some derivatives, the Fund could lose more than the amount invested. If the Fund uses derivatives to ""hedge"" portfolio risk, the hedge may not succeed.

ETF Risk. Investments in exchange-traded funds generally reflect the risks of owning the underlying securities they are designed to track, although they may be subject to greater liquidity risk and higher costs than owning the underlying securities directly because of their management fees. Shares of ETFs are subject to market trading risk, potentially trading at a premium or discount to net asset value.

Foreign Securities Risk. Non-U.S. securities have risks related to exchange rates, politics, economics, lack of information, low market liquidity and lack of strict financial controls.

Growth Investing Risk. The Fund invests in ""growth stocks,"" which may be more volatile because growth stocks are more sensitive to investor perceptions of an issuing company's growth potential.

Management Risk. The investment techniques and risk analyses used by the Fund's portfolio managers may not produce the desired results.

Market Risk. The prices of securities held by the Fund may go down due to general market and economic conditions.

Medium Sized Companies. The securities of medium-sized companies may be subject to more abrupt or erratic market movements than securities of larger-sized companies or the market averages in general. In addition, such companies typically are subject to a greater degree of change in earnings and business prospects than are larger companies. Thus, to the extent the Fund invests in medium-sized companies, the Fund may be subject to greater investment risk than that assumed through investment in the equity securities of larger-sized companies.

Real Estate Investment Risk. Because the Fund concentrates its assets in the real estate industry, an investment in the Fund will be closely linked to the performance of the real estate markets.

Synthetic Securities Risk. Fluctuations in the values of synthetic securities may not correlate perfectly with the instruments they are designed to replicate. Synthetic securities may be subject to interest rate changes, market price fluctuations, counterparty risk and liquidity risk.

No Securities Registration. The Fund is exempt from registration with the SEC. Units of the Fund are exempt from registration with the SEC. Neither is registered with any state securities regulator.

No CFTC Registration. The Fund is not registered as a commodity pool with the CFTC because the Trustee is exempt from having to register as a commodity pool operator under CFTC Rule 4.5.

Not FDIC Insured Risk. The investment is not a deposit or obligation of, or guaranteed or endorsed by, any bank and is not insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other U.S. governmental agency.