497 1 d927006d497.htm 497 497
SUPPLEMENT DATED MARCH 27, 2025 TO THE CURRENT
SUMMARY PROSPECTUS, STATUTORY PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION FOR:
Invesco Emerging Markets Local Debt Fund
(the “Fund”)
This supplement amends the Summary Prospectus, Statutory Prospectus and Statement of Additional Information (“SAI”) of the above referenced Fund and is in addition to any other supplement(s). You should read this supplement in conjunction with the Summary Prospectus, Statutory Prospectus and SAI and retain it for future reference.
Effective March 27, 2025:
1. The following information replaces in its entirety the table appearing under the heading “Fund Summary – Management of the Fund” in the Summary and Statutory Prospectuses:
Portfolio Managers
Title
Length of Service on the Fund
Hemant Baijal
Portfolio Manager
2019 (predecessor fund 2015)
Jason Martin, CFA
Portfolio Manager
2025
Wim Vandenhoeck
Portfolio Manager
2019 (predecessor fund 2016)
2. The following information replaces in its entirety the bulleted list under "Fund Management – Portfolio Managers" in the Statutory Prospectus:
Hemant Baijal, Portfolio Manager, who has been responsible for the Fund since 2019 and has been associated with Invesco and/or its affiliates since 2019. Prior to the commencement of the Fund’s operations, Mr. Baijal managed the predecessor fund since 2015 and was associated with OppenheimerFunds, a global asset management firm, since 2011.
Jason Martin, CFA, Portfolio Manager, who has been responsible for the Fund since 2025 and has been associated with Invesco and/or its affiliates since 2019. Prior to joining Invesco, Mr. Martin was associated with OppenheimerFunds, a global asset management firm, since 2011.
Wim Vandenhoeck, Portfolio Manager, who has been responsible for the Fund since 2019 and has been associated with Invesco and/or its affiliates since 2019. Prior to the commencement of the Fund’s operations, Mr. Vandenhoeck managed the predecessor fund since 2016 and was associated with OppenheimerFunds, a global asset management firm, since 2015.
3. The following information is added after the table under “PORTFOLIO MANAGER(S) — PORTFOLIO MANAGER FUND HOLDINGS AND INFORMATION ON OTHER MANAGED ACCOUNTS — INVESTMENTS” in Appendix H of the Fund’s SAI:
Jason Martin began serving on Invesco Emerging Markets Local Debt Fund as a portfolio manager of the Fund effective March 27, 2025. As of January 31, 2025, Mr. Martin did not beneficially own shares of the Fund.
4. The following information is added after the table under “PORTFOLIO MANAGER(S) — PORTFOLIO MANAGER FUND HOLDINGS AND INFORMATION ON OTHER MANAGED ACCOUNTS — ASSETS MANAGED” in Appendix H of the Fund’s SAI:
Jason Martin began serving on Invesco Emerging Markets Local Debt Fund as a portfolio manager of the Fund effective March 27, 2025. As of January 31, 2025, Mr. Martin managed no other registered investment companies, no other pooled investment vehicles and no other accounts.
O-EMLD-SUMSTATSAI-SUP 032725


SUPPLEMENT DATED MARCH 27, 2025 TO THE CURRENT
SUMMARY PROSPECTUS, STATUTORY PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION FOR:
Invesco Global Strategic Income Fund
Invesco V.I. Global Strategic Income Fund
(each a “Fund” and collectively the “Funds”)
This supplement amends the Summary Prospectuses, Statutory Prospectuses and Statements of Additional Information (“SAIs”) of the above referenced Funds and is in addition to any other supplement(s). You should read this supplement in conjunction with the Summary Prospectuses, Statutory Prospectuses and SAIs and retain it for future reference.
Effective March 27, 2025:
1. The following information replaces in its entirety the table appearing under the heading “Fund Summary – Management of the Fund” in the Summary and Statutory Prospectuses:
Portfolio Managers
Title
Length of Service on the Fund
Hemant Baijal
Portfolio Manager (Lead)
2019 (predecessor fund 2018)
Michael Block, CFA
Portfolio Manager
2023
Kristina Campmany
Portfolio Manager
2023
Arin Kornchankul, CFA
Portfolio Manager
2025
2. The following information replaces in its entirety the bulleted list under "Fund Management – Portfolio Managers" in the Statutory Prospectus:
Hemant Baijal, Portfolio Manager (Lead), who has been responsible for the Fund since 2019 and has been associated with Invesco and/or its affiliates since 2019. Prior to the commencement of the Fund’s operations, Mr. Baijal managed the predecessor fund since 2018 and was associated with OppenheimerFunds, a global asset management firm, since 2011.
Michael Block, CFA, Portfolio Manager, who has been responsible for the Fund since 2023 and has been associated with Invesco and/or its affiliates since 2019. Prior to joining Invesco, Mr. Block was associated with OppenheimerFunds, a global asset management firm, since 2011.
Kristina Campmany, Portfolio Manager, who has been responsible for the Fund since 2023 and has been associated with Invesco and/or its affiliates since 2019. Prior to joining Invesco, Ms. Campmany was associated with OppenheimerFunds, a global asset management firm, since 2018.
Arin Kornchankul, CFA, Portfolio Manager, who has been responsible for the Fund since 2025 and has been associated with Invesco and/or its affiliates since 2019. Ms. Kornchankul was associated with OppenheimerFunds, a global asset management firm, since 2007.
3. For each Fund, the following information is added after the table under “PORTFOLIO MANAGER(S) — PORTFOLIO MANAGER FUND HOLDINGS AND INFORMATION ON OTHER MANAGED ACCOUNTS — INVESTMENTS” in Appendix H of each Fund’s SAI:
Arin Kornchankul began serving as a portfolio manager of the Fund effective March 27, 2025. As of January 31, 2025, Ms. Kornchankul did not beneficially own shares of the Fund.
4. For each Fund, the following information is added after the table under “PORTFOLIO MANAGER(S) — PORTFOLIO MANAGER FUND HOLDINGS AND INFORMATION ON OTHER MANAGED ACCOUNTS — ASSETS MANAGED” in Appendix H of each Fund’s SAI:
Arin Kornchankul began serving as a portfolio manager of the Fund effective March 27, 2025. As of January 31, 2025, Ms. Kornchankul managed 1 other registered investment company with approximately $1,015.0 million in assets, no other pooled investment vehicles and no other accounts.
5. Christopher (Chris) Kelly and Wim Vandenhoeck will no longer serve as Portfolio Managers of the Funds. All references to Mr. Kelly and Mr. Vandenhoeck are hereby removed from the Funds’ Summary Prospectuses, Statutory Prospectuses and SAIs.
AIF-AVIF-SUMSTATSAI-SUP 032725


SUPPLEMENT DATED MARCH 27, 2025 TO THE CURRENT
SUMMARY PROSPECTUS, STATUTORY PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION FOR:
Invesco International Bond Fund
(the “Fund”)
This supplement amends the Summary Prospectus, Statutory Prospectus and Statement of Additional Information (“SAI”) of the above referenced Fund and is in addition to any other supplement(s). You should read this supplement in conjunction with the Summary Prospectus, Statutory Prospectus and SAI and retain it for future reference.
Effective March 27, 2025:
1. The following information replaces in its entirety the table appearing under the heading “Fund Summary – Management of the Fund” in the Summary and Statutory Prospectuses:
Portfolio Managers
Title
Length of Service on the Fund
Hemant Baijal
Portfolio Manager
2019 (predecessor fund 2013)
Michael Block, CFA
Portfolio Manager
2025
Kristina Campmany
Portfolio Manager
2023
Arin Kornchankul, CFA
Portfolio Manager
2023
2. The following information replaces in its entirety the bulleted list under "Fund Management – Portfolio Managers" in the Statutory Prospectus:
Hemant Baijal, Portfolio Manager, who has been responsible for the Fund since 2019 and has been associated with Invesco and/or its affiliates since 2019. Prior to the commencement of the Fund’s operations, Mr. Baijal managed the predecessor fund since 2013 and was associated with OppenheimerFunds, a global asset management firm, since 2011.
Michael Block, CFA, Portfolio Manager, who has been responsible for the Fund since 2025 and has been associated with Invesco and/or its affiliates since 2019. Prior to joining Invesco, Mr. Block was associated with OppenheimerFunds, a global asset management firm, since 2011.
Kristina Campmany, Portfolio Manager, who has been responsible for the Fund since 2023 and has been associated with Invesco and/or its affiliates since 2019. Prior to joining Invesco, Ms. Campmany was associated with OppenheimerFunds, a global asset management firm, since 2018.
Arin Kornchankul, CFA, Portfolio Manager, who has been responsible for the Fund since 2023 and has been associated with Invesco and/or its affiliates since 2019. Ms. Kornchankul was associated with OppenheimerFunds, a global asset management firm, since 2007.
3. The following information is added after the table under “PORTFOLIO MANAGER(S) — PORTFOLIO MANAGER FUND HOLDINGS AND INFORMATION ON OTHER MANAGED ACCOUNTS — INVESTMENTS” in Appendix H of the Fund’s SAI:
Michael Block began serving on Invesco International Bond Fund as a portfolio manager of the Fund effective March 27, 2025. As of January 31, 2025, Mr. Block owned $1 – $10,000 of the Fund.
4. The following information is added after the table under “PORTFOLIO MANAGER(S) — PORTFOLIO MANAGER FUND HOLDINGS AND INFORMATION ON OTHER MANAGED ACCOUNTS — ASSETS MANAGED” in Appendix H of the Fund’s SAI:
Michael Block began serving on Invesco International Bond Fund as a portfolio manager of the Fund effective March 27, 2025. As of January 31, 2025, Mr. Block managed 2 other registered investment companies with approximately $2,198.4 million in assets, 2 other pooled investment vehicles with approximately $20.3 million in assets and no other accounts.
5. Christopher (Chris) Kelly and Wim Vandenhoeck will no longer serve as Portfolio Managers of the Fund. All references to Mr. Kelly and Mr. Vandenhoeck are hereby removed from the Fund’s Summary Prospectus, Statutory Prospectus and SAI.
O-IBD-SUMSTATSAI-SUP 032725