Invesco Funds Series 1-5 Consolidated Prospectus

Transcription

1 Invesco Funds Series 1-5 Consolidated Prospectus 26 November 2010 Invesco Funds Series 1 Invesco Funds Series 2 Invesco Funds Series 3 Invesco Funds Series 4 Invesco Funds Series 5 Each an open-ended umbrella investment fund established under the laws of Ireland The Manager of the Funds, Invesco Global Asset Management Limited, accepts full responsibility for the accuracy of the information contained in this document including the Appendices as at the date of this document and confirm, having made all reasonable enquiries, that to the best of their knowledge and belief there are no other facts the omission of which would make any statement misleading. IMPORTANT If you are in any doubt about the contents of this Prospectus you should consult your stockbroker, bank manager, solicitor, accountant or other financial adviser. Investors should not solely rely on the risk warnings outlined below as this is not a complete list of the risks to which the Funds may be exposed. Investors should read the Prospectus, including the full set of risk warnings. FOR THE ATTENTION OF HONG KONG INVESTORS The risk warnings set out herein constitute a Country Supplement for investors located in Hong Kong. This Country Supplement forms part of the Consolidated Prospectus for Invesco Funds Series 1-5 dated 26 November 2010 (the Prospectus ) and will be appended to the Prospectus on distribution to investors in Hong Kong. Each Series is an Irish umbrella unit trust that has within it different sub-funds (each a Fund ) investing in equities and/or debt securities each with different risk profiles. A Series and/or the Funds may not be suitable for all investors. Some Funds may invest in emerging markets, particular industry sectors or high yield bonds. Funds which invest in emerging markets or high yield bonds may be subject to higher liquidity, volatility and/or default risk as well as additional legal, regulatory and political risks while Funds which invest in a particular industry sector may be subject to a higher concentration risk than Funds following a more diversified policy.

2 Invesco Funds Series 1-5 Product Key Facts 10 June 2011 Invesco Funds Series 1 Invesco Funds Series 2 Invesco Funds Series 3 Invesco Funds Series 4 Invesco Funds Series 5 Invesco ASEAN Equity Fund Invesco Pacific Equity Fund Invesco Japanese Equity Fund Invesco Bond Fund Invesco Emerging Markets Bond Fund Invesco Gilt Fund Invesco Global High Income Fund Invesco Global Health Care Fund Invesco Global Technology Fund Invesco Continental European Small Cap Equity Fund Invesco Global Small Cap Equity Fund Invesco Japanese Small/Mid Cap Equity Fund Invesco Emerging Markets Equity Fund Invesco Korean Equity Fund Invesco PRC Equity Fund

3 Table of Contents 2 Invesco Funds Series 1 2 Invesco ASEAN Equity Fund 5 Invesco Pacific Equity Fund 9 Invesco Japanese Equity Fund 12 Invesco Funds Series 2 12 Invesco Bond Fund 16 Invesco Emerging Markets Bond Fund 19 Invesco Gilt Fund 22 Invesco Global High Income Fund 26 Invesco Funds Series 3 26 Invesco Global Health Care Fund 30 Invesco Global Technology Fund 33 Invesco Funds Series 4 33 Invesco Continental European Small Cap Equity Fund 36 Invesco Global Small Cap Equity Fund 39 Invesco Japanese Small/Mid Cap Equity Fund 42 Invesco Funds Series 5 42 Invesco Emerging Markets Equity Fund 45 Invesco Korean Equity Fund 48 Invesco PRC Equity Fund

4 Issuer: Invesco Global Asset Management Ltd 10 June 2011 FOR THE ATTENTION OF HONG KONG INVESTORS This statement provides you with key information about this product. This statement is a part of the consolidated prospectus for Invesco Funds Series 1-5 dated 26 November 2010 (the Prospectus ) and should be read in conjunction with the Prospectus. You should not invest in this product based on this statement alone. Quick Facts Fund Manager: Investment Adviser: Invesco Global Asset Management Ltd Invesco Hong Kong Ltd, located in Hong Kong. (Internal delegation) Base Currency: US Dollar Dealing Frequency: Daily Trustee: BNY Mellon Trust Company (Ireland) Ltd Financial Year End: 30 November Dividend/ Distribution Policy: Distribution (Dividends, if any, will be paid to the investors): A, B & C Accumulation (Dividends, if any, will be re-invested into the Fund): A(Accum-HK$) Minimum Investment/ Minimum Subscription Amount: Share class A A(Accum-HK$) B C Initial US$1,500 US$1,500 US$1,500 US$250,000 Additional What is this product? PRODUCT KEY FACTS Invesco ASEAN Equity Fund A sub-fund of Invesco Funds Series 1 Invesco ASEAN Equity Fund (the Fund ) is a sub-fund of Invesco Funds Series 1, constituted in the form of a unit trust. It is domiciled in Ireland and its home regulator is the Central Bank of Ireland. Objectives and Investment Strategy The objective of this Fund is to achieve long-term capital growth by investing in the ASEAN countries. For investment purposes the Manager has defined the ASEAN countries as the members of the Association of South East Asian Nations which currently comprise Singapore, Malaysia, Thailand, Indonesia, Brunei, the Philippines, Vietnam, Cambodia, Laos and Myanmar. The Manager will seek to achieve the investment objective by investing predominantly in listed equity or equity related securities of companies which operate in or stand to benefit from their operations in and business links with the ASEAN countries. 2

5 Invesco ASEAN Equity Fund What are the key risks? Investment involves risks. Please refer to the Prospectus for details including the risks factors. Risk of investing in the ASEAN countries - Since the Fund invests in the ASEAN companies, the value of the assets of the Fund may be affected by uncertainties such as changes in government policies, taxation, fluctuations in foreign exchange rates, the imposition of currency repatriation restrictions, social and religious instability, political, economic or other developments in the law or regulations of ASEAN countries. Besides, it may involve certain risks such as higher price volatility, less publicly-available information and liquidity risk. Insofar as the Fund invests in securities denominated in the currencies of different ASEAN countries other than the base currency of the Fund, changes in foreign currency exchange rates may affect the value of the Fund. Equities risk - The value of, and income derived from, equity securities held may fall as well as rise and the Fund may not recoup the original amount invested in such securities. The prices of and the income generated by equity securities may decline in response to certain events, including the activities and results of the issuer, general economic and market conditions, regional or global economic instability and currency and interest rate fluctuations. Investment risk - There can be no assurance that the Fund will achieve its investment objective. There is no guarantee of the repayment of principal. The instruments invested by the Fund may fall in value. Is there any guarantee? Like most funds, this Fund does not have any guarantees. You may not get back full amount of money you invest. What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the Fund. Fee Subscription fee/ Initial charge Switching fee Redemption fee Contingent Deferred Sales Charge ( CDSC ) (Class B only) What you pay Class A, A(Accum-HK$) & C: Not exceeding 5.25% of the net asset value of the shares. Class B: NIL Up to 1.00% of the value of the shares being switched. N/A Redemption Applicable rate (during X years since purchase) of CDSC 1st Year 4% 2nd Year 3% 3rd Year 2% 4th Year 1% After end of 4th Year None 3

6 Invesco ASEAN Equity Fund Ongoing fees payable by the Fund The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments. Annual rate (as a % of the Fund s value) Management fee* Class A, A(Accum-HK$) & B: 1.50% Class C: 1.00% Trustee fee/ Trustee charge Up to % Performance fee N/A Administration fee Class A, A(Accum-HK$): Up to 0.40% Class B, C: Up to 0.30% Distribution fee Class A, A(Accum-HK$) & C: NIL Class B: 1.00%^ * The fees can be increased up to a maximum of 2.5% of the net asset value of the Fund, plus VAT (if any) on three months written notice to shareholders. ^ The fees can be increased by giving not less than one month s notice to the investors. Other fees You may have to pay other fees when dealing in the shares of the Fund. For details, please refer to Appendix A of the Prospectus. Additional Information You generally buy and redeem shares at the Fund s next-determined NAV after Invesco receives your request in good order on or before 5:00 pm, Hong Kong time, being the Fund s dealing cutoff time. Before placing your subscription or redemption orders, please check with your distributor for the distributor s internal cut-off time (which may be earlier than the fund s dealing cut-off time). The NAV of this Fund is calculated and the price of shares published each business day in the South China Morning Post, the Hong Kong Economic Times and the Hong Kong Economic Journal. They are also available online at This website has not been reviewed by the Securities and Futures Commission (SFC). Investors may obtain other information of this product at Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 4

7 Issuer: Invesco Global Asset Management Ltd 10 June 2011 FOR THE ATTENTION OF HONG KONG INVESTORS This statement provides you with key information about this product. This statement is a part of the consolidated prospectus for Invesco Funds Series 1-5 dated 26 November 2010 (the Prospectus ) and should be read in conjunction with the Prospectus. You should not invest in this product based on this statement alone. Quick Facts Fund Manager: Investment Adviser: Invesco Global Asset Management Ltd Invesco Asset Management Ltd, located in the UK. (Internal delegation) Base Currency: US Dollar Dealing Frequency: Daily Trustee: BNY Mellon Trust Company (Ireland) Ltd Financial Year End: 30 November Dividend/ Distribution Policy: Distribution (Dividends, if any, will be paid to the investors): A, B & C Minimum Investment/ Minimum Subscription Amount: Share class A B C Initial US$1,500 US$1,500 US$250,000 Additional What is this product? PRODUCT KEY FACTS Invesco Pacific Equity Fund A sub-fund of Invesco Funds Series 1 Invesco Pacific Equity Fund (the Fund ) is a sub-fund of Invesco Funds Series 1, constituted in the form of a unit trust. It is domiciled in Ireland and its home regulator is the Central Bank of Ireland. Objectives and Investment Strategy The objective of this Fund is to achieve long-term capital growth by investing in the securities of companies throughout Asia, but with particular emphasis on those based in the Asian Pacific region. For the purposes of the Fund the Manager has defined the Asian Pacific region as South East Asia (including Singapore, Malaysia, Thailand, Indonesia and the Philippines), East Asia (including Taiwan, South and North Korea, Hong Kong and Japan), China, Australia and New Zealand. At least 70% of the Fund s total assets will be invested in listed equity or equity related securities of (i) companies having their registered office in the Asia Pacific region, (ii) companies with their registered office outside this region carrying out their business activities predominantly in the Asia Pacific region, or (iii) holding companies, the interests of which are predominantly invested in companies with their registered office in the Asia Pacific region. 5

8 Invesco Pacific Equity Fund What are the key risks? Investment involves risks. Please refer to the Prospectus for details including the risks factors. Risk of investing in Asia Pacific - Since the Fund invests in the securities of companies in Asia Pacific regions, the value of the assets of the Fund may be affected by uncertainties such as changes in government policies, taxation, fluctuations in foreign exchange rates, the imposition of currency repatriation restrictions, social and religious instability, political, economic or other developments in the law or regulations of Asia Pacific. Besides, it may involve certain risks such as higher price volatility, less publicly-available information and liquidity risk. Insofar as the Fund invests in securities denominated in the currencies of different Asia Pacific countries other than the base currency of the Fund, changes in foreign currency exchange rates may affect the value of the Fund. Equities risk - The value of, and income derived from, equity securities held may fall as well as rise and the Fund may not recoup the original amount invested in such securities. The prices of and the income generated by equity securities may decline in response to certain events, including the activities and results of the issuer, general economic and market conditions, regional or global economic instability and currency and interest rate fluctuations. Investment risk - There can be no assurance that the Fund will achieve its investment objective. There is no guarantee of the repayment of principal. The instruments invested by the Fund may fall in value. Is there any guarantee? Like most funds, this Fund does not have any guarantees. You may not get back full amount of money you invest. 6

9 Invesco Pacific Equity Fund What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the Fund. Fee Subscription fee/ Initial charge Switching fee Redemption fee Contingent Deferred Sales Charge ( CDSC ) (Class B only) What you pay Class A, C: Not exceeding 5.25% of the net asset value of the shares. Class B: NIL Up to 1.00% of the value of the shares being switched. N/A Redemption Applicable rate (during X years since purchase) of CDSC 1st Year 4% 2nd Year 3% 3rd Year 2% 4th Year 1% After end of 4th Year None Ongoing fees payable by the Fund The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments. Annual rate (as a % of the Fund s value) Management fee* Class A, B: 1.50% Class C: 1.00% Trustee fee/ Trustee charge Up to % Performance fee N/A Administration fee Class A: Up to 0.40% Class B, C: Up to 0.30% Distribution fee Class A, C: NIL Class B: 1.00%^ * The fees can be increased up to a maximum of 2.5% of the net asset value of the Fund, plus VAT (if any) on three months written notice to shareholders. ^ The fees can be increased by giving not less than one month s notice to the investors. Other fees You may have to pay other fees when dealing in the shares of the Fund. For details, please refer to Appendix A of the Prospectus. 7

10 Invesco Pacific Equity Fund Additional Information You generally buy and redeem shares at the Fund s next-determined NAV after Invesco receives your request in good order on or before 5:00 pm, Hong Kong time, being the Fund s dealing cutoff time. Before placing your subscription or redemption orders, please check with your distributor for the distributor s internal cut-off time (which may be earlier than the fund s dealing cut-off time). The NAV of this Fund is calculated and the price of shares published each business day in the South China Morning Post, the Hong Kong Economic Times and the Hong Kong Economic Journal. They are also available online at This website has not been reviewed by the Securities and Futures Commission (SFC). Investors may obtain other information of this product at Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 8

11 Issuer: Invesco Global Asset Management Ltd 10 June 2011 FOR THE ATTENTION OF HONG KONG INVESTORS This statement provides you with key information about this product. This statement is a part of the consolidated prospectus for Invesco Funds Series 1-5 dated 26 November 2010 (the Prospectus ) and should be read in conjunction with the Prospectus. You should not invest in this product based on this statement alone. Quick Facts Fund Manager: Investment Adviser: Invesco Global Asset Management Ltd Invesco Asset Management (Japan) Ltd, located in Japan. (Internal delegation) Base Currency: US Dollar Dealing Frequency: Daily Trustee: BNY Mellon Trust Company (Ireland) Ltd Financial Year End: 30 November Dividend/ Distribution Policy: Distribution (Dividends, if any, will be paid to the investors): A, B & C Minimum Investment/ Minimum Subscription Amount: Share class A B C Initial US$1,500 US$1,500 US$250,000 Additional What is this product? PRODUCT KEY FACTS Invesco Japanese Equity Fund A sub-fund of Invesco Funds Series 1 Invesco Japanese Equity Fund (the Fund ) is a sub-fund of Invesco Funds Series 1, constituted in the form of a unit trust. It is domiciled in Ireland and its home regulator is the Central Bank of Ireland. Objectives and Investment Strategy The objective of this Fund is to achieve long-term capital growth by investing in the securities of Japanese companies. At least 70% of the Fund s total assets will be invested in equity or equity related securities of (i) companies having their registered office in Japan, (ii) companies with their registered office outside Japan carrying out their business activities predominantly in Japan, or (iii) holding companies, the interests of which are predominantly invested in companies with their registered office in Japan. What are the key risks? Investment involves risks. Please refer to the Prospectus for details including the risks factors. Risk of investing in Japan - Since the Fund invests in the securities of Japanese companies, the value of the assets of the Fund may be affected by uncertainties such as changes in government policies, taxation, fluctuations in foreign exchange rates, social and religious instability, political, economic or other developments in the law or regulations of Japan. 9

12 Invesco Japanese Equity Fund Equities risk - The value of, and income derived from, equity securities held may fall as well as rise and the Fund may not recoup the original amount invested in such securities. The prices of and the income generated by equity securities may decline in response to certain events, including the activities and results of the issuer, general economic and market conditions, regional or global economic instability and currency and interest rate fluctuations. Investment risk - There can be no assurance that the Fund will achieve its investment objective. There is no guarantee of the repayment of principal. The instruments invested by the Fund may fall in value. Is there any guarantee? Like most funds, this Fund does not have any guarantees. You may not get back full amount of money you invest. What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the Fund. Fee Subscription fee/ Initial charge Switching fee Redemption fee Contingent Deferred Sales Charge ( CDSC ) (Class B only) What you pay Class A, C: Not exceeding 5.25% of the net asset value of the shares. Class B: NIL Up to 1.00% of the value of the shares being switched. N/A Redemption Applicable rate (during X years since purchase) of CDSC 1st Year 4% 2nd Year 3% 3rd Year 2% 4th Year 1% After end of 4th Year None 10

13 Invesco Japanese Equity Fund Ongoing fees payable by the Fund The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments. Annual rate (as a % of the Fund s value) Management fee* Class A, B: 1.50% Class C: 1.00% Trustee fee/ Trustee charge Up to % Performance fee N/A Administration fee Class A: Up to 0.40% Class B, C: Up to 0.30% Distribution fee Class A, C: NIL Class B: 1.00%^ * The fees can be increased up to a maximum of 2.5% of the net asset value of the Fund, plus VAT (if any) on three months written notice to shareholders. ^The fees can be increased by giving not less than one month s notice to the investors. Other fees You may have to pay other fees when dealing in the shares of the Fund. For details, please refer to Appendix A of the Prospectus. Additional Information You generally buy and redeem shares at the Fund s next-determined NAV after Invesco receives your request in good order on or before 5:00 pm, Hong Kong time, being the Fund s dealing cutoff time. Before placing your subscription or redemption orders, please check with your distributor for the distributor s internal cut-off time (which may be earlier than the fund s dealing cut-off time). The NAV of this Fund is calculated and the price of shares published each business day in the South China Morning Post, the Hong Kong Economic Times and the Hong Kong Economic Journal. They are also available online at This website has not been reviewed by the Securities and Futures Commission (SFC). Investors may obtain other information of this product at Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 11

14 Issuer: Invesco Global Asset Management Ltd 10 June 2011 FOR THE ATTENTION OF HONG KONG INVESTORS This statement provides you with key information about this product. This statement is a part of the consolidated prospectus for Invesco Funds Series 1-5 dated 26 November 2010 (the Prospectus ) and should be read in conjunction with the Prospectus. You should not invest in this product based on this statement alone. Quick Facts Fund Manager: Investment Adviser: PRODUCT KEY FACTS Invesco Bond Fund A sub-fund of Invesco Funds Series 2 Invesco Global Asset Management Ltd Invesco Asset Management Ltd, located in the UK. (Internal delegation) Base Currency: US Dollar Dealing Frequency: Daily Trustee: BNY Mellon Trust Company (Ireland) Ltd Financial Year End: 30 November Dividend/ Distribution Policy: Distribution (Dividends, if any, will be paid to the investors): A-MD, A, B & C Accumulation (Dividends, if any, will be re-invested into the Fund): A(EUR Portfolio Hgd), C(EUR Portfolio Hgd) & C(Accum-STG) Minimum Investment/ Minimum Subscription Amount: Share class A-MD A A(EUR Portfolio Hgd) B Initial US$1,500 US$1,500 EUR1,500 US$1,500 Additional Share class C C(EUR Portfolio Hgd) C(Accum-STG) Initial US$250,000 EUR250,000 US$250,000 Additional What is this product? Invesco Bond Fund (the Fund ) is a sub-fund of Invesco Funds Series 2, constituted in the form of a unit trust. It is domiciled in Ireland and its home regulator is the Central Bank of Ireland. Objectives and Investment Strategy The objective of the Fund is to achieve long-term returns through investment in fixed interest and floating rate securities while maintaining a high income yield. The Manager will seek to achieve the investment objective by investing at least 70% of the Fund s total assets worldwide in a geographically diversified portfolio of fixed interest and floating rate securities providing a spread among various major currencies and maturities. 12

15 Invesco Bond Fund What are the key risks? Investment involves risks. Please refer to the Prospectus for details including the risks factors. Credit risk - Investment in bonds or other fixed income securities are subject to the risk that issuers not make payments on such securities. An issuer suffering from an adverse change in its financial condition could lower the quality of a security leading to greater price volatility on that security. Interest rate risk - The bonds or fixed income securities that the Fund invests in may fall in value if the interest rates change. Longer term debt securities are usually more sensitive to interest rate changes. Risk with international investing - Since the Fund invests on an international basis, the value of the assets of the Fund may be affected by uncertainties of the underlying countries such as political, economic or other developments in the law or regulations of the countries in which the Fund may invest. Besides, as the Fund invests in securities denominated in different currencies other than the base currency of the Fund; changes in foreign currency exchange rates will affect the value of Shares held in the Fund. Investment risk - There can be no assurance that the Fund will achieve its investment objective. There is no guarantee of the repayment of principal. The instruments invested by the Fund may fall in value. Is there any guarantee? Like most funds, this Fund does not have any guarantees. You may not get back full amount of money you invest. 13

16 Invesco Bond Fund What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the Fund. Fee Subscription fee/ Initial charge Switching fee Redemption fee Contingent Deferred Sales Charge ( CDSC ) (Class B only) What you pay Class A-MD, A, A(EUR Portfolio Hgd), C, C(EUR Portfolio Hgd) & C(Accum-STG): Not exceeding 5.25% of the net asset value of the shares. Class B: NIL Up to 1.00% of the value of the shares being switched. N/A Redemption Applicable rate (during X years since purchase) of CDSC 1st Year 4% 2nd Year 3% 3rd Year 2% 4th Year 1% After end of 4th Year None Ongoing fees payable by the Fund The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments. Annual rate (as a % of the Fund s value) Management fee* Class A-MD, A, A(EUR Portfolio Hgd) & B: 0.75% Class C, C(EUR Portfolio Hgd) & C(Accum-STG): 0.50% Trustee fee/ Trustee charge Up to % Performance fee N/A Administration fee Class A-MD, A & A(EUR Portfolio Hgd): Up to 0.13% Class B, C, C(EUR Portfolio Hgd) & C(Accum-STG): Up to 0.10% Distribution fee Class A-MD, A, A(EUR Portfolio Hgd), C, C(EUR Portfolio Hgd) & C(Accum-STG): NIL Class B: Up to 1.00%^ * The fees can be increased up to a maximum of 2.5% of the net asset value of the Fund, plus VAT (if any) on three months written notice to shareholders. ^The fees can be increased by giving not less than one month s notice to the investors. 14

17 Invesco Bond Fund Other fees You may have to pay other fees when dealing in the shares of the Fund. For details, please refer to Appendix A of the Prospectus. Additional Information You generally buy and redeem shares at the Fund s next-determined NAV after Invesco receives your request in good order on or before 5:00 pm, Hong Kong time, being the Fund s dealing cutoff time. Before placing your subscription or redemption orders, please check with your distributor for the distributor s internal cut-off time (which may be earlier than the fund s dealing cut-off time). The NAV of this Fund is calculated and the price of shares published each business day in the South China Morning Post, the Hong Kong Economic Times and the Hong Kong Economic Journal. They are also available online at This website has not been reviewed by the Securities and Futures Commission (SFC). Investors may obtain other information of this product at Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 15

18 Issuer: Invesco Global Asset Management Ltd 10 June 2011 FOR THE ATTENTION OF HONG KONG INVESTORS This statement provides you with key information about this product. This statement is a part of the consolidated prospectus for Invesco Funds Series 1-5 dated 26 November 2010 (the Prospectus ) and should be read in conjunction with the Prospectus. You should not invest in this product based on this statement alone. Quick Facts Fund Manager: Investment Adviser: Invesco Global Asset Management Ltd Invesco Advisers, Inc., located in the USA. (Internal delegation) Base Currency: US Dollar Dealing Frequency: Daily Trustee: BNY Mellon Trust Company (Ireland) Ltd Financial Year End: 30 November Dividend/ Distribution Policy: Distribution (Dividends, if any, will be paid to the investors): A-MD #, A(MD-EUR Hgd) #, A(MD-HK$) #, A, B & C Accumulation (Dividends, if any, will be re-invested into the Fund): A(EUR Hgd), C(EUR Hgd) # The distribution may come from the capital of the share class and may lead to capital erosion. Minimum Investment/ Minimum Subscription Amount: Share class A-MD A(MD-EUR Hgd) A(MD-HK$) A Initial US$1,500 EUR1,500 US$1,500 US$1,500 Additional Share class A(EUR Hgd) B C C(EUR Hgd) Initial EUR1,500 US$1,500 US$250,000 EUR250,000 Additional What is this product? PRODUCT KEY FACTS Invesco Emerging Markets Bond Fund A sub-fund of Invesco Funds Series 2 Invesco Emerging Markets Bond Fund (the Fund ) is a sub-fund of Invesco Funds Series 2, constituted in the form of a unit trust. It is domiciled in Ireland and its home regulator is the Central Bank of Ireland. Objectives and Investment Strategy The objective of the Fund is to achieve a high income yield and long-term capital appreciation by investing in debt securities and loan instruments of issuers in emerging market countries. The Manager will seek to achieve the investment objective by investing in a diversified portfolio of debt securities and loan instruments providing a spread among various major currencies and maturities. What are the key risks? Investment involves risks. Please refer to the Prospectus for details including the risks factors. Credit risk - Investment in bonds or other fixed income securities are subject to the risk that issuers not make payments on such securities. An issuer suffering from an adverse change in its financial condition could lower the quality of a security leading to greater price volatility on that security. 16

19 Invesco Emerging Markets Bond Fund Risk of investing in high yield bond - The Fund may invest in high yield bonds which involve substantial risk. High yield bonds are regarded as being predominately speculative as to the issuer s ability to make payments of principal and interest. Issuers of high yield debt securities may be highly leveraged and may not have available to them more traditional methods of financing. An economic recession may adversely affect an issuer s financial condition and the market value of high yield debt securities issued by such entity. Interest rate risk - The bonds or fixed income securities that the Fund invests in may fall in value if the interest rates change. Longer term debt securities are usually more sensitive to interest rate changes. Risk of investing in developing markets - Investing in emerging markets including Russia involves certain risks such as higher price volatility, less publicly-available information, liquidity and regulatory risk. Investment risk - There can be no assurance that the Fund will achieve its investment objective. There is no guarantee of the repayment of principal. The instruments invested by the Fund may fall in value. An investment in this Fund should not constitute a substantial proportion of an investment portfolio and may not be appropriate for all investors. Is there any guarantee? Like most funds, this Fund does not have any guarantees. You may not get back full amount of money you invest. What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the Fund. Fee Subscription fee/ Initial charge Switching fee Redemption fee Contingent Deferred Sales Charge ( CDSC ) (Class B only) What you pay Class A-MD, A(MD-EUR Hgd), A(MD-HK$), A, A(EUR Hgd), C & C(EUR Hgd): Not exceeding 5.25% of the net asset value of the shares. Class B: NIL Up to 1.00% of the value of the shares being switched. N/A Redemption Applicable rate (during X years since purchase) of CDSC 1st Year 4% 2nd Year 3% 3rd Year 2% 4th Year 1% After end of 4th Year None 17

20 Invesco Emerging Markets Bond Fund Ongoing fees payable by the Fund The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments. Annual rate (as a % of the Fund s value) Management fee* Class A-MD, A(MD-EUR Hgd), A(MD-HK$), A, A(EUR Hgd) & B: 1.00% Class C, C(EUR Hgd): 0.75% Trustee fee/ Trustee charge Up to % Performance fee N/A Administration fee Class A-MD, A(MD-EUR Hgd), A(MD-HK$), A & A(EUR Hgd): Up to 0.27% Class B, C & C(EUR Hgd): Up to 0.20% Distribution fee Class A-MD, A(MD-EUR Hgd), A(MD-HK$), A, A(EUR Hgd), C & C(EUR Hgd): NIL Class B: 1.00%^ * The fees can be increased up to a maximum of 2.5% of the net asset value of the Fund, plus VAT (if any) on three months written notice to shareholders. ^ The fees can be increased by giving not less than one month s notice to the investors. Other fees You may have to pay other fees when dealing in the shares of the Fund. For details, please refer to Appendix A of the Prospectus. Additional Information You generally buy and redeem shares at the Fund s next-determined NAV after Invesco receives your request in good order on or before 5:00 pm, Hong Kong time, being the Fund s dealing cutoff time. Before placing your subscription or redemption orders, please check with your distributor for the distributor s internal cut-off time (which may be earlier than the fund s dealing cut-off time). The NAV of this Fund is calculated and the price of shares published each business day in the South China Morning Post, the Hong Kong Economic Times and the Hong Kong Economic Journal. They are also available online at This website has not been reviewed by the Securities and Futures Commission (SFC). Investors may obtain other information of this product at Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 18

21 Issuer: Invesco Global Asset Management Ltd 10 June 2011 FOR THE ATTENTION OF HONG KONG INVESTORS This statement provides you with key information about this product. This statement is a part of the consolidated prospectus for Invesco Funds Series 1-5 dated 26 November 2010 (the Prospectus ) and should be read in conjunction with the Prospectus. You should not invest in this product based on this statement alone. Quick Facts Fund Manager: Investment Adviser: Invesco Global Asset Management Ltd Invesco Asset Management Ltd, located in the UK. (Internal delegation) Base Currency: British Pound Dealing Frequency: Daily Trustee: BNY Mellon Trust Company (Ireland) Ltd Financial Year End: 30 November Dividend/ Distribution Policy: Distribution (Dividends, if any, will be paid to the investors): A, B & C Minimum Investment/ Minimum Subscription Amount: Share class A B C Initial US$1,500 US$1,500 US$250,000 Additional What is this product? PRODUCT KEY FACTS Invesco Gilt Fund A sub-fund of Invesco Funds Series 2 Invesco Gilt Fund (the Fund ) is a sub-fund of Invesco Funds Series 2, constituted in the form of a unit trust. It is domiciled in Ireland and its home regulator is the Central Bank of Ireland. Objectives and Investment Strategy The objective of the Fund is to provide consistent gross high income with protection of capital through active dealing in a portfolio of British Government securities. The Manager will seek to achieve the investment objective by investing in a diversified portfolio of British Government securities. What are the key risks? Investment involves risks. Please refer to the Prospectus for details including the risks factors. Risk of investing in British Government securities - Since the Fund invests in British Government securities, the value of the assets of the Fund may be affected by uncertainties such as changes in government policies, taxation, fluctuations in foreign exchange rates, social and religious instability, political, economic or other developments in the law or regulations of the UK. Credit risk - Investment in bonds or other fixed income securities are subject to the risk that issuers not make payments on such securities. An issuer suffering from an adverse change in its financial condition could lower the quality of a security leading to greater price volatility on that security. Securities which were investment grade at the time of acquisition may be downgraded. The risk of any such downgrading will vary over time. Unless the Fund s investment policy provides otherwise, there is no specific requirement to sell such securities if they should fall below investment grade. 19

22 Invesco Gilt Fund Interest rate risk - The bonds or fixed income securities that the Fund invests in may fall in value if the interest rates change. Longer term debt securities are usually more sensitive to interest rate changes. Investment risk - There can be no assurance that the Fund will achieve its investment objective. There is no guarantee of the repayment of principal. The instruments invested by the Fund may fall in value. Is there any guarantee? Like most funds, this Fund does not have any guarantees. You may not get back full amount of money you invest. What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the Fund. Fee Subscription fee/ Initial charge Switching fee Redemption fee Contingent Deferred Sales Charge ( CDSC ) (Class B only) What you pay Class A, C: Not exceeding 5.25% of the net asset value of the shares. Class B: NIL Up to 1.00% of the value of the shares being switched. N/A Redemption Applicable rate (during X years since purchase) of CDSC 1st Year 4% 2nd Year 3% 3rd Year 2% 4th Year 1% After end of 4th Year None 20

23 Invesco Gilt Fund Ongoing fees payable by the Fund The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments. Annual rate (as a % of the Fund s value) Management fee* Class A, B: 0.65% Class C: 0.40% Trustee fee/ Trustee charge Up to % Performance fee N/A Administration fee Class A: Up to 0.13% Class B, C: Up to 0.10% Distribution fee Class A, C: NIL Class B: 1.00%^ * The fees can be increased up to a maximum of 2.5% of the net asset value of the Fund, plus VAT (if any) on three months written notice to shareholders. ^ The fees can be increased by giving not less than one month s notice to the investors. Other fees You may have to pay other fees when dealing in the shares of the Fund. For details, please refer to Appendix A of the Prospectus. Additional Information You generally buy and redeem shares at the Fund s next-determined NAV after Invesco receives your request in good order on or before 5:00 pm, Hong Kong time, being the Fund s dealing cutoff time. Before placing your subscription or redemption orders, please check with your distributor for the distributor s internal cut-off time (which may be earlier than the fund s dealing cut-off time). The NAV of this Fund is calculated and the price of shares published each business day in the South China Morning Post, the Hong Kong Economic Times and the Hong Kong Economic Journal. They are also available online at This website has not been reviewed by the Securities and Futures Commission (SFC). Investors may obtain other information of this product at Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 21

24 Issuer: Invesco Global Asset Management Ltd 10 June 2011 FOR THE ATTENTION OF HONG KONG INVESTORS This statement provides you with key information about this product. This statement is a part of the consolidated prospectus for Invesco Funds Series 1-5 dated 26 November 2010 (the Prospectus ) and should be read in conjunction with the Prospectus. You should not invest in this product based on this statement alone. Quick Facts Fund Manager: Investment Adviser: PRODUCT KEY FACTS Invesco Global High Income Fund A sub-fund of Invesco Funds Series 2 Invesco Global Asset Management Ltd Invesco Advisers, Inc., located in the USA. (Internal delegation) Base Currency: US Dollar Dealing Frequency: Daily Trustee: BNY Mellon Trust Company (Ireland) Ltd Financial Year End: 30 November Dividend/ Distribution Policy: Distribution (Dividends, if any, will be paid to the investors): A-MD #, A(MD-EUR Hgd) #, A(MD-HK$) #, A, B & C Accumulation (Dividends, if any, will be re-invested into the Fund): A(EUR Hgd), C(EUR Hgd) & C(Accum) # The distribution may come from the capital of the share class and may lead to capital erosion. Minimum Investment/ Minimum Subscription Amount: Share class A-MD A(MD-EUR Hgd) A(MD-HK$) A A(EUR Hgd) Initial US$1,500 EUR1,500 US$1,500 US$1,500 EUR1,500 Additional Share class B C C(EUR Hgd) C(Accum) Initial US$1,500 US$250,000 EUR250,000 US$250,000 Additional What is this product? Invesco Global High Income Fund (the Fund ) is a sub-fund of Invesco Funds Series 2, constituted in the form of a unit trust. It is domiciled in Ireland and its home regulator is the Central Bank of Ireland. Objectives and Investment Strategy The objective of the Fund is to achieve long-term returns through investments in a spread of debt securities in developed and emerging countries while maintaining a high income yield. The Manager will seek to achieve the investment objective by investing worldwide in a geographically diversified portfolio of debt securities providing a spread among various major currencies and maturities. 22

25 Invesco Global High Income Fund What are the key risks? Investment involves risks. Please refer to the Prospectus for details including the risks factors. Credit risk - Investment in bonds or other fixed income securities are subject to the risk that issuers not make payments on such securities. An issuer suffering from an adverse change in its financial condition could lower the quality of a security leading to greater price volatility on that security. Risk of investing in high yield bond - The Fund may invest in high yield bonds which involve substantial risk. High yield bonds are regarded as being predominately speculative as to the issuer s ability to make payments of principal and interest. Issuers of high yield debt securities may be highly leveraged and may not have available to them more traditional methods of financing. An economic recession may adversely affect an issuer s financial condition and the market value of high yield debt securities issued by such entity. Interest rate risk - The bonds or fixed income securities that the Fund invests in may fall in value if the interest rates change. Longer term debt securities are usually more sensitive to interest rate changes. Risk of investing in developing markets - The Fund may invest in emerging markets including Russia which involve certain risks such as higher price volatility, less publicly-available information, liquidity and regulatory risk. Risk with international investing - Since the Fund invests on an international basis, the value of the assets of the Fund may be affected by uncertainties of the underlying countries such as political, economic or other developments in the law or regulations of the countries in which the Fund may invest. Besides, as the Fund invests in securities denominated in different currencies other than the base currency of the Fund; changes in foreign currency exchange rates will affect the value of Shares held in the Fund. Investment risk - There can be no assurance that the Fund will achieve its investment objective. There is no guarantee of the repayment of principal. The instruments invested by the Fund may fall in value. Is there any guarantee? Like most funds, this Fund does not have any guarantees. You may not get back full amount of money you invest. 23

26 Invesco Global High Income Fund What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the Fund. Fee What you pay Subscription fee/ Initial charge Class A-MD, A(MD-EUR Hgd), A(MD-HK$), A, A(EUR Hgd), C, C(EUR Hgd) & C(Accum): Not exceeding 5.25% of the net asset value of the shares. Class B: NIL Switching fee Redemption fee Contingent Deferred Sales Charge ( CDSC ) (Class B only) Up to 1.00% of the value of the shares being switched. N/A Redemption Applicable rate (during X years since purchase) of CDSC 1st Year 4% 2nd Year 3% 3rd Year 2% 4th Year 1% After end of 4th Year None Ongoing fees payable by the Fund The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments. Annual rate (as a % of the Fund s value) Management fee* Class A-MD, A(MD-EUR Hgd), A(MD-HK$), A, A(EUR Hgd) & B: 1.00% Class C, C(EUR Hgd) & C(Accum): 0.75% Trustee fee/ Trustee charge Up to % Performance fee N/A Administration fee Class A-MD, A(MD-EUR Hgd), A(MD-HK$), A & A(EUR Hgd): Up to 0.27% Class B, C, C(EUR Hgd) & C(Accum): Up to 0.20% Distribution fee Class A-MD, A(MD-EUR Hgd), A(MD-HK$), A, A(EUR Hgd), C, C(EUR Hgd) & C(Accum): NIL Class B: 1.00%^ * The fees can be increased up to a maximum of 2.5% of the net asset value of the Fund, plus VAT (if any) on three months written notice to shareholders. ^The fees can be increased by giving not less than one month s notice to the investors. 24

27 Invesco Global High Income Fund Other fees You may have to pay other fees when dealing in the shares of the Fund. For details, please refer to Appendix A of the Prospectus. Additional Information You generally buy and redeem shares at the Fund s next-determined NAV after Invesco receives your request in good order on or before 5:00 pm, Hong Kong time, being the Fund s dealing cutoff time. Before placing your subscription or redemption orders, please check with your distributor for the distributor s internal cut-off time (which may be earlier than the fund s dealing cut-off time). The NAV of this Fund is calculated and the price of shares published each business day in the South China Morning Post, the Hong Kong Economic Times and the Hong Kong Economic Journal. They are also available online at This website has not been reviewed by the Securities and Futures Commission (SFC). Investors may obtain other information of this product at Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 25

28 Issuer: Invesco Global Asset Management Ltd 10 June 2011 FOR THE ATTENTION OF HONG KONG INVESTORS This statement provides you with key information about this product. This statement is a part of the consolidated prospectus for Invesco Funds Series 1-5 dated 26 November 2010 (the Prospectus ) and should be read in conjunction with the Prospectus. You should not invest in this product based on this statement alone. Quick Facts Fund Manager: Investment Adviser: Invesco Global Asset Management Ltd Invesco Advisers, Inc., located in the USA. (Internal delegation) Base Currency: US Dollar Dealing Frequency: Daily Trustee: BNY Mellon Trust Company (Ireland) Ltd Financial Year End: 30 November Dividend/ Distribution Policy: Distribution (Dividends, if any, will be paid to the investors): A, B & C Minimum Investment/ Minimum Subscription Amount: Share class A B C Initial US$1,500 US$1,500 US$250,000 Additional What is this product? PRODUCT KEY FACTS Invesco Global Health Care Fund A sub-fund of Invesco Funds Series 3 Invesco Global Health Care Fund (the Fund ) is a sub-fund of Invesco Funds Series 3, constituted in the form of a unit trust. It is domiciled in Ireland and its home regulator is the Central Bank of Ireland. Objectives and Investment Strategy The objective of this Fund is to achieve long-term capital growth by investing in healthcare companies throughout the world. The Manager will invest principally in four different sectors of the healthcare market, these being pharmaceuticals, biotechnology, healthcare services and medical technology and supplies. The Manager will seek to achieve the investment objective by investing primarily in equity or equity related securities. At least 70% of the Fund s total assets will be invested in healthcare companies throughout the world. 26

29 Invesco Global Health Care Fund What are the key risks? Investment involves risks. Please refer to the Prospectus for details including the risks factors. Risk of investing in sector-based fund - Since the Fund will not normally maintain a wide spread of investment, a more concentrated approach is taken which may result in above- average price (and net asset value) volatility. Risk of investing in healthcare companies - Certain of the companies in which the Fund may invest may allocate greater than usual financial resources to research and product development. The securities of such companies may experience above-average price movements associated with the perceived prospects of success of the research and development programmes. In addition, companies in which the Fund may invest may be adversely affected by lack of commercial acceptance of a new product or process or by technological change and obsolescence. Equities risk - The value of, and income derived from, equity securities held may fall as well as rise and the Fund may not recoup the original amount invested in such securities. The prices of and the income generated by equity securities may decline in response to certain events, including the activities and results of the issuer, general economic and market conditions, regional or global economic instability and currency and interest rate fluctuations. Risk with international investing - Since the Fund invests on an international basis, the value of the assets of the Fund may be affected by uncertainties of the underlying countries such as political, economic or other developments in the law or regulations of the countries in which the Fund may invest. Besides, as the Fund invests in securities denominated in different currencies other than the base currency of the Fund; changes in foreign currency exchange rates will affect the value of Shares held in the Fund. Risk of investing in developing markets - The Fund may invest in emerging markets which involve certain risks such as higher price volatility, less publicly-available information, liquidity and regulatory risk. Investment risk - There can be no assurance that the Fund will achieve its investment objective. There is no guarantee of the repayment of principal. The instruments invested by the Fund may fall in value. Is there any guarantee? Like most funds, this Fund does not have any guarantees. You may not get back full amount of money you invest. 27