Invesco Premium Income Fund fact sheet (PDF)

[Pages:2]Mutual Fund Retail Share Classes

Invesco Premium Income Fund Global balanced

Data as of March 31, 2016

Investment Objective The fund seeks to provide current income.

Portfolio Management

Scott Wolle, Mark Ahnrud, Chris Devine, Scott Hixon, Christian Ulrich

Fund Facts

Nasdaq

A: PIAFX C: PICFX Y: PIYFX

R: PIRFX R6: PIFFX R5: IPNFX

Total Net Assets

$118,190,281

Total Number of Holdings

489

Annual Turnover (as of 10/31/15)

120%

Distribution Frequency

Monthly

Distribution Accrual

Monthly

A multi-asset strategy, designed using risk-balancing principles, that seeks income and an increase in value during periods of economic strength and seeks protection during periods of economic stress. Performance of a $10,000 Investment

Class A shares at NAV (Dec. 14, 2011 ? March 31, 2016) ? Invesco Premium Income Fund - $12,429 $20,000

$10,000

Expense Ratios Class A Shares

% Net 1.05

% Total 1.28

Class C Shares

1.80

2.03

Class Y Shares

0.80

1.03

Per the current prospectus Net = Total annual operating expenses less any contractual fee waivers and/or expense reimbursements by the adviser in effect through at least Feb. 28, 2017 and contractual management fee waivers in effect through at least June 30, 2017. See current prospectus for more information.

30-Day SEC Yields

Class A Shares

5.37

Class C Shares

4.95

Class Y Shares

5.93

Had fees not been waived and/or expenses reimbursed, the SEC yields would have been 5.14% for Class A shares, 4.72% for Class C shares and 5.70% for Class Y shares.

Bond Holding Statistics

Effective Duration

6.40

Investment Categories (%)

High Yield Preferreds Emerging Market Debt US Treasuries US Mortgage REITs US REITs US MLPs Cash

27.06 20.97 17.37

9.94 8.72 8.72 4.36 2.88

Investment types shown are strategic to the fund's portfolio. Tactical positioning may cause the Fund total to be greater than 100% due to leverage derived from exchange-traded futures.

0 3/12

3/13

3/14

3/15

3/16

Investment Results

Average Annual Total Returns (%) as of March 31, 2016

Class A Shares Class C Shares

Inception: 12/14/11

Inception: 12/14/11

Class Y Shares

Inception: 12/14/11

Style-Specific Index

Period Inception 3 Years 1 Year Quarter

Max Load 5.50% NAV

3.83 5.19

0.76 2.68

-5.98 -0.50

-2.86 2.82

Max CDSC 1.00%

4.43

1.94

-2.10

1.63

NAV 4.43 1.94 -1.16 2.63

NAV 5.47 2.97 -0.15 2.89

Custom Invesco Premium Income Index

-

7.34

2.17

2.32

Performance quoted is past performance and cannot guarantee comparable future results; current performance may be lower or higher. Visit performance for the most recent month-end performance. Performance figures reflect reinvested distributions and changes in net asset value (NAV). Investment return and principal value will vary, and you may have a gain or a loss when you sell shares. No contingent deferred sales charge (CDSC) will be imposed on redemptions of Class C shares following one year from the date shares were purchased. Performance shown at NAV does not include applicable CDSC or front-end sales charges, which would have reduced the performance. Class Y shares have no sales charge; therefore, performance is at NAV. Returns less than one year are cumulative; all others are annualized. Fund performance reflects any applicable fee waivers and/or expense reimbursements. Had the adviser not waived fees and/or reimbursed expenses currently or in the past, returns would have been lower. See current prospectus for more information. Index returns do not reflect any fees, expenses, or sales charges. Index sources: FactSet Research Systems Inc., Invesco

Calendar Year Total Returns (%) Class A Shares at NAV

2006 2007 2008 2009 2010 2011 2012

-

-

-

-

- 0.50 13.26

Inception year is 2011. Return for inception year 2011 is a partial-year return.

2013 -2.74

2014 9.42

2015 -0.20

YTD 2.82

Class Y shares are available only to certain investors. See the prospectus for more information. The fund holdings are organized according to the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI Inc. and Standard & Poor's. The Custom Invesco Premium Income Index, created by Invesco as the fund's benchmark, is composed of the following indexes: The S&P 500? Index (50%) and Barclays U.S. Universal Index (50%). An investment cannot be made directly in an index. Effective duration is a modified duration calculation which incorporates the expected duration-shortening effect of an issuer's embedded call provision.

Overall Morningstar RatingTM (Class A shares as of March 31, 2016)

AAAA AAA

(load waived) (load)

Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on the downward variations and rewarding consistent performance. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable. With-load ratings include the effect of sales charges, loads and redemption fees. Load-waived ratings exclude sales charges, loads and redemption fees, and are only applicable to investors not subject to sales charges. Fund performance reflects any applicable fee waivers and/or expense reimbursements. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Class A shares received 3 stars for the overall and 3 stars for the three years (load); 4 stars for the overall and 4 stars for the three years (load-waived). The fund was rated among 231 and 231 funds within the Morningstar Multisector Bond Category for the overall period and three years, respectively.

Source: ?2016 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and isn't warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Ratings are as of the most recent quarter end and are subject to change monthly. A fund is eligible for a Morningstar rating three years after inception. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Ratings for other share classes may differ. Past performance does not guarantee future results.

Morningstar Rankings

Class A Shares vs. Morningstar Multisector Bond Category

1 Year

34% (106 of 311)

3 Years

10% (22 of 231)

Source: Morningstar Inc. Morningstar rankings are based on total return, excluding sales charges and including fees and expenses, versus all funds in the Morningstar category. Fund performance reflects any applicable fee waivers and/or expense reimbursements. Had fees not been waived and/or expenses reimbursed currently or in the past, the ranking would have been lower.

Top 10 Holdings

(% of Total Net Assets)

US Treas. STRIP 02/15/43

10.61

Turkcell Iletisim Hizmet 144A (5.75) 10/15/25

0.62

Petronas Capital Ltd. 08/12/19

PEMEX Project Funding Master Trust (6.625) 06/15/35

0.61 0.58

Russian Federation (4.875) 09/16/23

0.53

Tencent Holdings Ltd. (3.8) 02/11/25

0.53

Romania (6.125) 1/22/44

0.47

PPT PCL (3.375) 10/25/22

0.43

Dish DBS Corp. (5.875) 11/15/24

Alphabet Holding Co. Inc. (7.75) 11/01/17

0.42 0.41

Holdings are subject to change and are not buy/sell recommendations.

About Risk

An issuer may be unable to meet interest and/or principal payments, thereby causing its instruments to decrease in value and lowering the issuer's credit rating.

Derivatives may be more volatile and less liquid than traditional investments and are subject to market, interest rate, credit, leverage, counterparty and management risks. An investment in a derivative could lose more than the cash amount invested.

The risks of investing in securities of foreign issuers, including emerging markets, can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.

Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa.

Mortgage- and asset-backed securities are subject to prepayment or call risk, which is the risk that the borrower's payments may be received earlier or later than expected due to changes in prepayment rates on underlying loans. Securities may be prepaid at a price less than the original purchase value.

Preferred securities may include provisions that permit the issuer to defer or omit distributions for a certain period of time, and reporting the distribution for tax purposes may be required, even though the income may not have been received. Further, preferred securities may lose substantial value due to the omission or deferment of dividend payments.

Investments in real estate related instruments may be affected by economic, legal, or environmental factors that affect property values, rents or

occupancies of real estate. Real estate companies, including REITs or similar structures, tend to be smalland mid-cap companies, and their shares may be more volatile and less liquid.

Most senior loans are made to corporations with below investment-grade credit ratings and are subject to significant credit, valuation and liquidity risk. The value of the collateral securing a loan may not be sufficient to cover the amount owed, may be found invalid or may be used to pay other outstanding obligations of the borrower under applicable law. There is also the risk that the collateral may be difficult to liquidate, or that a majority of the collateral may be illiquid.

Short sales may cause an investor to repurchase a security at a higher price, causing a loss. As there is no limit on how much the price of the security can increase, exposure to potential loss is unlimited.

Issuers of sovereign debt or the governmental authorities that control repayment may be unable or unwilling to repay principal or interest when due, and the Fund may have limited recourse in the event of default. Without debt holder approval, some governmental debtors may be able to reschedule or restructure their debt payments or declare moratoria on payments.

The fund is subject to certain other risks. Please see the current prospectus for more information regarding the risks associated with an investment in the fund.

Top Industries

(% of Total Net Assets)

Mortgage REITs

8.94

Diversified Banks

7.58

Diversified REITs

2.91

Cable & Satellite

2.85

Oil & Gas Exploration & Production

2.55

Specialized REITs

2.50

Integrated Oil & Gas

2.33

Electric Utilities

2.18

Regional Banks

1.95

Wireless Telecommunication Services

1.87

Holdings are subject to change and are not buy/sell recommendations.

NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE

Before investing, investors should carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. For this and more complete information about the fund(s), investors should ask their advisors for a prospectus/summary prospectus or visit fundprospectus.

Note: Not all products available at all firms. Advisors, please contact your home office. All data provided by Invesco unless otherwise noted.

Invesco Premium Income Fund

52

PIN-PC-1 04/16

us

Invesco Distributors, Inc.

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