497
GBL-STATPRO-SUP-1
Statutory
Prospectus Supplement dated July 19, 2019
The purpose of this supplement is to provide you with changes to the current Statutory Prospectuses
for Class A, A2, AX, C, CX, P, R, RX, S, Y, Invesco Cash Reserve and Investor Class shares (collectively, the Retail Classes) of the Funds, as applicable, listed below:
Invesco All Cap Market Neutral Fund
Invesco Alternative Strategies Fund
Invesco American Franchise Fund
Invesco American Value Fund
Invesco Asia Pacific Growth Fund
Invesco Balanced-Risk Allocation Fund
Invesco Balanced-Risk Commodity Strategy Fund
Invesco Balanced-Risk Retirement 2020 Fund
Invesco Balanced-Risk Retirement 2030 Fund
Invesco Balanced-Risk Retirement 2040 Fund
Invesco Balanced-Risk Retirement 2050 Fund
Invesco Balanced-Risk Retirement Now Fund
Invesco California Tax-Free Income Fund
Invesco Charter Fund
Invesco Comstock Fund
Invesco Conservative Income Fund
Invesco Convertible Securities Fund
Invesco Core Plus Bond Fund
Invesco Corporate Bond Fund
Invesco Developing Markets Fund
Invesco Diversified Dividend Fund
Invesco Dividend Income Fund
Invesco Emerging Markets Flexible Bond Fund
Invesco Emerging Markets Select Equity Fund
Invesco Endeavor Fund
Invesco Energy Fund
Invesco Equally-Weighted S&P 500 Fund
Invesco Equity and Income Fund
Invesco European Growth Fund
Invesco Floating Rate Fund
Invesco Global Core Equity Fund
Invesco Global Growth Fund
Invesco Global Infrastructure Fund
Invesco Global Low Volatility Equity Yield Fund
Invesco Global Market Neutral Fund
Invesco Global Opportunities Fund
Invesco Global Real Estate Fund
Invesco Global Real Estate Income Fund
Invesco Global Responsibility Equity Fund
Invesco Global Small & Mid Cap Growth Fund
Invesco Global Targeted Returns Fund
Invesco Gold & Precious Metals Fund
Invesco Government Money Market Fund
Invesco Greater China Fund
Invesco Growth and Income Fund
Invesco Health Care Fund
Invesco High Yield Fund
Invesco High Yield Municipal Fund
Invesco Income Fund
Invesco Intermediate Term Municipal Income Fund
Invesco International Core Equity Fund
Invesco International Growth Fund
Invesco International Select Equity Fund
Invesco International Small Company Fund
Invesco Limited Term Municipal Income Fund
Invesco Long/Short Equity Fund
Invesco Low Volatility Emerging Markets Fund
Invesco Low Volatility Equity Yield Fund
Invesco Macro Allocation Strategy Fund
Invesco Mid Cap Core Equity Fund
Invesco Mid Cap Growth Fund
Invesco MLP Fund
Invesco Multi-Asset Income Fund
Invesco Multi-Asset Inflation Fund
Invesco Municipal Income Fund
Invesco New York Tax Free Income Fund
Invesco OFI Pictet Global Environmental Solutions Fund
Invesco Oppenheimer Capital Appreciation Fund
Invesco Oppenheimer Capital Income Fund
Invesco Oppenheimer Discovery Mid Cap Growth Fund
Invesco Oppenheimer Dividend Opportunity Fund
Invesco Oppenheimer Emerging Markets Innovators Fund
Invesco Oppenheimer Emerging Markets Local Debt Fund
Invesco Oppenheimer Equity Income Fund
Invesco Oppenheimer Fundamental Alternatives Fund
Invesco Oppenheimer Global Allocation Fund
Invesco Oppenheimer Global Focus Fund
Invesco Oppenheimer Global Fund
Invesco Oppenheimer Global High Yield Fund
Invesco Oppenheimer Global Multi-Asset Growth Fund
Invesco Oppenheimer Global Multi-Asset Income Fund
Invesco Oppenheimer Global Opportunities Fund
Invesco Oppenheimer Global Strategic Income Fund
Invesco Oppenheimer Global Unconstrained Bond Fund
Invesco Oppenheimer Gold & Special Minerals Fund
Invesco Oppenheimer Government Cash Reserves Fund
Invesco Oppenheimer Government Money Market Fund
Invesco Oppenheimer Intermediate Income Fund
Invesco Oppenheimer Intermediate Term Municipal Fund
Invesco Oppenheimer International Bond Fund
Invesco Oppenheimer International Diversified Fund
Invesco Oppenheimer International Equity Fund
Invesco Oppenheimer International Growth Fund
Invesco Oppenheimer Limited-Term Bond Fund
Invesco Oppenheimer Limited-Term Government Fund
Invesco Oppenheimer Macquarie Global Infrastructure Fund
Invesco Oppenheimer Main Street All Cap Fund®
Invesco Oppenheimer Main Street Fund®
Invesco
Oppenheimer Main Street Mid Cap Fund®
Invesco Oppenheimer
Main Street Small Cap Fund®
Invesco Oppenheimer Mid Cap
Value Fund
Invesco Oppenheimer Municipal Fund
Invesco Oppenheimer Preferred Securities and Income Fund
Invesco Oppenheimer Real Estate Fund
Invesco Oppenheimer Rising Dividends Fund
Invesco Oppenheimer Rochester® AMT-Free Municipal Fund
Invesco Oppenheimer Rochester® AMT-Free New York Municipal Fund
Invesco Oppenheimer Rochester® California Municipal Fund
Invesco Oppenheimer Rochester® High Yield Municipal Fund
Invesco Oppenheimer Rochester® Limited Term California Municipal Fund
Invesco Oppenheimer Rochester® Limited Term New York Municipal Fund
Invesco Oppenheimer Rochester® Municipals Fund
Invesco Oppenheimer Rochester® New Jersey Municipal Fund
Invesco Oppenheimer Rochester® Pennsylvania Municipal Fund
Invesco Oppenheimer Rochester® Short Duration High Yield Municipal Fund
Invesco Oppenheimer Senior Floating Rate Fund
Invesco Oppenheimer Senior Floating Rate Plus Fund
Invesco Oppenheimer Small Cap Value Fund
Invesco Oppenheimer SteelPath MLP & Energy Infrastructure Fund
Invesco Oppenheimer SteelPath MLP Alpha Fund
GBL-STATPRO-SUP-1
Invesco Oppenheimer SteelPath MLP Alpha Plus Fund
Invesco Oppenheimer SteelPath MLP Income Fund
Invesco Oppenheimer SteelPath MLP Select 40 Fund
Invesco Oppenheimer SteelPath Panoramic Fund
Invesco Oppenheimer Total Return Bond Fund
Invesco Oppenheimer Ultra-Short Duration Fund
Invesco Oppenheimer Value Fund
Invesco Pacific Growth Fund
Invesco Peak RetirementTM 2015 Fund
Invesco Peak RetirementTM 2020 Fund
Invesco Peak RetirementTM 2025 Fund
Invesco Peak RetirementTM 2030 Fund
Invesco Peak RetirementTM 2035 Fund
Invesco Peak
RetirementTM 2040 Fund
Invesco Peak RetirementTM 2045 Fund
Invesco Peak RetirementTM 2050 Fund
Invesco Peak RetirementTM 2055 Fund
Invesco Peak RetirementTM 2060 Fund
Invesco Peak RetirementTM 2065 Fund
Invesco Peak RetirementTM Now Fund
Invesco Pennsylvania Tax Free Income Fund
Invesco Premier Portfolio
Invesco Premier Tax-Exempt Portfolio
Invesco Premier U.S. Government Money Portfolio
Invesco Quality Income Fund
Invesco Real Estate Fund
Invesco S&P 500 Index Fund
Invesco Select Companies Fund
Invesco Select Opportunities Fund
Invesco Short Duration High Yield Municipal Fund
Invesco Short Duration Inflation Protected Fund
Invesco Short Term Bond Fund
Invesco Small Cap Discovery Fund
Invesco Small Cap Equity Fund
Invesco Small Cap Value Fund
Invesco Strategic Real Return Fund
Invesco Summit Fund
Invesco Tax-Exempt Cash Fund
Invesco Technology Fund
Invesco Value Opportunities Fund
Invesco World Bond Fund
This supplement amends the Statutory
Prospectuses of the above referenced funds (the “Funds”) and is in addition to any other supplement(s), unless otherwise specified. You should read this supplement in conjunction with the Statutory Prospectus and retain it for future
reference.
Effective September 3, 2019:
The following information replaces in its entirety footnote number one appearing under the heading “Shareholder Account Information – Choosing a
Share Class” in the prospectus for each Fund:
“1 Invesco Conservative Income Fund,
Invesco Oppenheimer Short Term Municipal Fund and Invesco Oppenheimer Ultra-Short Duration Fund do not have initial sales charges or CDSCs on redemptions.”
The following information replaces in its entirety the first two paragraphs and the following tables appearing under the heading “Shareholder Account
Information – Initial Sales Charges (Class A Shares Only)” in the prospectus for each Fund:
“The Funds are grouped into six categories
for determining initial sales charges. The “Other Information” section of each Fund’s prospectus will tell you the sales charge category in which the Fund is classified. Additionally, Class A shares of Invesco Conservative Income
Fund, Invesco Oppenheimer Government Cash Reserves Fund, Invesco Oppenheimer Short Term Municipal Fund, Invesco Oppenheimer Ultra-Short Duration Fund and Invesco Tax-Exempt Cash Fund do not have initial sales
charges. As used below, the term “offering price” with respect to all categories of Class A shares includes the initial sales charge.
If you purchase $1,000,000 or more of Class A shares of Category I, II or V Funds or $250,000 or more of Class A shares of
Category IV or VI Funds (a Large Purchase) the initial sales charge set forth below will be waived; though your shares will be subject to a 1% CDSC if you don’t hold such shares for at least 18 months.
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| Category I Initial Sales Charges |
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| |
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Investor’s Sales Charge |
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| Amount invested |
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As a % of
Offering Price |
|
|
As a % of
Investment |
|
| Less than $50,000 |
|
|
5.50 |
% |
|
|
5.82 |
% |
| $50,000 but less than $100,000 |
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|
4.50 |
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4.71 |
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| $100,000 but less than $250,000 |
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3.50 |
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3.63 |
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| $250,000 but less than $500,000 |
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2.75 |
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2.83 |
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| $500,000 but less than $1,000,000 |
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2.00 |
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2.04 |
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GBL-STATPRO-SUP-1
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| Category II Initial Sales Charges |
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Investor’s Sales Charge |
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| Amount invested |
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As a % of
Offering Price |
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As a % of
Investment |
|
| Less than $100,000 |
|
|
4.25 |
% |
|
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4.44 |
% |
| $100,000 but less than $250,000 |
|
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3.50 |
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3.63 |
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| $250,000 but less than $500,000 |
|
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2.50 |
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2.56 |
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| $500,000 but less than $1,000,000 |
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2.00 |
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2.04 |
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| Category III Initial Sales Charges |
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Investor’s Sales Charge |
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| Amount invested |
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As a % of
Offering Price |
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As a % of
Investment |
|
| Less than $100,000 |
|
|
1.00 |
% |
|
|
1.01 |
% |
| $100,000 but less than $250,000 |
|
|
0.75 |
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|
0.76 |
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| $250,000 but less than $1,000,000 |
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0.50 |
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0.50 |
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| Category IV Initial Sales Charges |
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| |
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Investor’s Sales Charge |
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| Amount invested |
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As a % of
Offering Price |
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|
As a % of
Investment |
|
| Less than $100,000 |
|
|
2.50 |
% |
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2.56 |
% |
| $100,000 but less than $250,000 |
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1.75 |
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1.78 |
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| Category V Initial Sales Charges |
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| |
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Investor’s Sales Charge |
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| Amount invested |
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As a % of
Offering Price |
|
|
As a % of
Investment |
|
| Less than $100,000 |
|
|
3.25 |
% |
|
|
3.36 |
% |
| $100,000 but less than $250,000 |
|
|
2.75 |
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2.83 |
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| $250,000 but less than $500,000 |
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1.75 |
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1.78 |
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| $500,000 but less than $1,000,000 |
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1.50 |
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1.52 |
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| Category VI Initial Sales Charges |
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| |
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Investor’s Sales Charge |
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| Amount invested |
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As a % of
Offering Price |
|
|
As a % of
Investment |
|
| Less than $50,000 |
|
|
5.50 |
% |
|
|
5.82 |
% |
| $50,000 but less than $100,000 |
|
|
4.50 |
|
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|
4.71 |
|
| $100,000 but less than $250,000 |
|
|
3.50 |
|
|
|
3.63 |
” |
GBL-STATPRO-SUP-1
The following information replaces in its entirety the last paragraph appearing under the heading
“Shareholder Account Information – Initial Sales Charges (Class A Shares Only) – Qualifying for Reduced Sales Charges and Sales Charge Exceptions” in the prospectus for each Fund:
“Purchases of Class A shares of Invesco Conservative Income Fund, Invesco Oppenheimer Government Cash Reserves Fund, Invesco
Oppenheimer Ultra-Short Duration Fund, Invesco Oppenheimer Short Term Municipal Fund and Invesco Tax-Exempt Cash Fund, Invesco Cash Reserve Shares of Invesco Government Money Market Fund and Invesco
Oppenheimer Government Money Market Fund, or Investor Class shares of any Fund will not be taken into account in determining whether a purchase qualifies for a reduction in initial sales charges pursuant to ROAs or LOIs.”
The following information replaces in its entirety the first paragraph appearing under the heading “Shareholder Account
Information – Contingent Deferred Sales Charges (CDSCs) – CDSCs on Class A Shares and Invesco Cash Reserve Shares” in the prospectus for each Fund:
“Any shares of a Large Purchase of Class A shares redeemed prior to 18 months after the date of purchase will be subject to a CDSC
of 1% with the exception of Class A shares of Invesco Conservative Income Fund, Invesco Oppenheimer Short Term Municipal Fund and Invesco Oppenheimer Ultra-Short Duration Fund which do not have CDSCs on redemptions.”