SUPPLEMENT DATED DECEMBER 16, 2022 TO THE CURRENT
STATUTORY PROSPECTUSES FOR:
Invesco Active Allocation
Fund
Invesco
Advantage International Fund
Invesco American Value Fund
Invesco AMT-Free
Municipal Income Fund
Invesco Balanced-Risk Allocation Fund
Invesco
Balanced-Risk Commodity Strategy Fund
Invesco California Municipal Fund
Invesco Charter
Fund
Invesco Comstock Fund
Invesco Comstock Select Fund
Invesco Convertible Securities Fund
Invesco Core Bond Fund
Invesco Corporate Bond Fund
Invesco Developing Markets
Fund
Invesco
Discovery Mid Cap Growth Fund
Invesco Diversified Dividend Fund
Invesco
Dividend Income Fund
Invesco Emerging Markets Innovators Fund
Invesco Emerging Markets
Local Debt Fund
Invesco Emerging Markets Select Equity Fund
Invesco Energy Fund
Invesco Environmental Focus Municipal Fund
Invesco EQV Asia Pacific Equity Fund
Invesco EQV Emerging
Markets All Cap Fund
Invesco EQV European Equity Fund
Invesco EQV European Small
Company Fund
Invesco EQV International Equity Fund
Invesco EQV International
Small Company Fund
Invesco Fundamental Alternatives Fund
Invesco Global Allocation
Fund
Invesco
Global Core Equity Fund
Invesco Global Focus Fund
Invesco Global Fund
Invesco Global Growth
Fund
Invesco Global Infrastructure Fund
Invesco Global
Opportunities Fund
Invesco Global Real Estate Fund
Invesco Global
Strategic Income Fund
Invesco Gold & Special Minerals Fund
Invesco Government Money
Market Fund
Invesco Greater China Fund
Invesco Health Care Fund
Invesco High Yield Bond
Factor Fund
Invesco High Yield Fund
Invesco High Yield Municipal Fund
Invesco
Income Advantage International Fund
Invesco Income Allocation Fund
Invesco Income
Fund
Invesco
Intermediate Bond Factor Fund
Invesco Intermediate Term Municipal Income Fund
Invesco International Bond
Fund
Invesco
International Core Equity Fund
Invesco International Diversified Fund
Invesco International
Equity Fund
Invesco International Select Equity Fund
Invesco International Small-Mid Company Fund
Invesco Limited Term
California Municipal Fund
Invesco Limited Term Municipal Income Fund
Invesco Macro Allocation Strategy Fund
Invesco Main Street All Cap Fund®
Invesco Main Street
Fund®
Invesco Main Street Mid Cap Fund®
Invesco Main Street Small
Cap Fund®
Invesco MSCI World SRI Index Fund
Invesco Multi-Asset Income
Fund
Invesco
Municipal Income Fund
Invesco New Jersey Municipal Fund
Invesco Oppenheimer
International Growth Fund
Invesco Peak RetirementTM 2010 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 Destination Fund
Invesco Pennsylvania
Municipal Fund
Invesco Quality Income Fund
Invesco Real Estate Fund
Invesco Rising Dividends
Fund
Invesco Rochester® AMT-Free New York Municipal Fund
Invesco Rochester® Limited Term New York Municipal Fund
Invesco Rochester®
Municipal Opportunities Fund
Invesco Rochester® New York Municipals Fund
Invesco Select Risk: Conservative Investor Fund
Invesco Select Risk:
Growth Investor Fund
Invesco Select Risk: High Growth Investor Fund
Invesco Select Risk: Moderate Investor Fund
Invesco Select Risk: Moderately Conservative Investor Fund
Invesco Short Duration
Inflation Protected Fund
Invesco Short Term Bond Fund
Invesco Small Cap
Equity Fund
Invesco Small Cap Growth Fund
Invesco Small Cap Value Fund
Invesco SteelPath MLP Alpha Fund
Invesco SteelPath MLP Alpha Plus Fund
Invesco SteelPath MLP
Income Fund
Invesco SteelPath MLP Select 40 Fund
Invesco Summit
Fund
Invesco Technology Fund
Invesco U.S. Government Money Portfolio
Invesco U.S. Managed
Volatility Fund
Invesco Value Opportunities Fund
Invesco World Bond Factor Fund
(each, a
“Fund”)
This supplement amends the Statutory Prospectus for each of the
above referenced 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.
The following information is added at the end of the section under the heading “Shareholder Account Information – Initial Sales Charges (Class A
Shares Only) – Class A Shares Sold Without an Initial Sales Charge –Financial Intermediary-Specific Arrangements” in the prospectus for each Fund:
UBS Financial Services Inc. (“UBS”)
Pursuant to an agreement with the Distributor, UBS may offer Class Y shares to its retail brokerage clients whose shares are held in omnibus accounts at UBS, or its designee. For these clients, UBS may charge commissions or transaction fees with respect to brokerage transactions in Class Y shares. The minimum investment for Class Y shares is waived for transactions through such brokerage platforms at UBS. Please contact your UBS representative for more information about these fees and other eligibility requirements.