0000950123-12-012333.txt : 20121002 0000950123-12-012333.hdr.sgml : 20121002 20121002153048 ACCESSION NUMBER: 0000950123-12-012333 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 20121002 DATE AS OF CHANGE: 20121002 EFFECTIVENESS DATE: 20121002 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST) CENTRAL INDEX KEY: 0001112996 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-36074 FILM NUMBER: 121123187 BUSINESS ADDRESS: STREET 1: 11 GREENWAY PLAZA STREET 2: SUITE 2500 CITY: HOUSTON STATE: TX ZIP: 77046 BUSINESS PHONE: 713-626-1919 MAIL ADDRESS: STREET 1: 11 GREENWAY PLAZA STREET 2: SUITE 2500 CITY: HOUSTON STATE: TX ZIP: 77046 FORMER COMPANY: FORMER CONFORMED NAME: AIM COUNSELOR SERIES TRUST DATE OF NAME CHANGE: 20040322 FORMER COMPANY: FORMER CONFORMED NAME: AIM COUNSELOR SERIES FUNDS DATE OF NAME CHANGE: 20031126 FORMER COMPANY: FORMER CONFORMED NAME: AIM COUNSELOR SERIES FUNDS INC DATE OF NAME CHANGE: 20031001 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST) CENTRAL INDEX KEY: 0001112996 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-09913 FILM NUMBER: 121123188 BUSINESS ADDRESS: STREET 1: 11 GREENWAY PLAZA STREET 2: SUITE 2500 CITY: HOUSTON STATE: TX ZIP: 77046 BUSINESS PHONE: 713-626-1919 MAIL ADDRESS: STREET 1: 11 GREENWAY PLAZA STREET 2: SUITE 2500 CITY: HOUSTON STATE: TX ZIP: 77046 FORMER COMPANY: FORMER CONFORMED NAME: AIM COUNSELOR SERIES TRUST DATE OF NAME CHANGE: 20040322 FORMER COMPANY: FORMER CONFORMED NAME: AIM COUNSELOR SERIES FUNDS DATE OF NAME CHANGE: 20031126 FORMER COMPANY: FORMER CONFORMED NAME: AIM COUNSELOR SERIES FUNDS INC DATE OF NAME CHANGE: 20031001 0001112996 S000008063 Invesco U.S. Quantitative Core Fund C000021879 Class A SCAUX C000021880 Class B SBCUX C000021881 Class C SCCUX C000021882 Class R SCRUX C000021883 CLASS R5 SCIUX C000057286 INVESTOR SCNUX C000071346 Class Y SCAYX 0001112996 S000011801 Invesco Floating Rate Fund C000032264 Class A AFRAX C000032266 Class C AFRCX C000032267 Class R AFRRX C000032268 CLASS R5 AFRIX C000071348 Class Y AFRYX C000120775 Class R6 0001112996 S000014560 Invesco Global Real Estate Income Fund C000039690 CLASS A ASRAX C000039691 CLASS B ASRBX C000039692 CLASS C ASRCX C000039693 CLASS R5 ASRIX C000071349 Class Y ASRYX C000120776 Class R6 0001112996 S000025657 INVESCO CORE PLUS BOND FUND C000076854 CLASS A ACPSX C000076855 CLASS B CPBBX C000076856 CLASS C CPCFX C000076857 CLASS R CPBRX C000076858 CLASS Y CPBYX C000076859 CLASS R5 CPIIX C000120777 Class R6 0001112996 S000027808 INVESCO EQUITY AND INCOME FUND C000084366 CLASS A C000084367 CLASS B C000084368 CLASS C C000084369 CLASS Y C000084370 CLASS R5 C000084371 CLASS R C000120778 Class R6 0001112996 S000027810 INVESCO GROWTH AND INCOME FUND C000084376 CLASS A C000084377 CLASS B C000084378 CLASS C C000084379 CLASS Y C000084380 CLASS R5 C000084381 CLASS R C000120779 Class R6 0001112996 S000027813 INVESCO SMALL CAP DISCOVERY FUND C000084390 CLASS A C000084391 CLASS B C000084392 CLASS C C000084393 CLASS Y C000118744 Class R5 C000118745 Class R6 0001112996 S000027817 INVESCO EQUALLY-WEIGHTED S&P 500 FUND C000084403 CLASS B C000084404 CLASS C C000084405 CLASS Y C000084406 CLASS A C000084407 CLASS R C000120780 Class R6 0001112996 S000027822 INVESCO AMERICAN FRANCHISE FUND C000084424 CLASS A C000084425 CLASS B C000084426 CLASS C C000084427 CLASS Y C000095844 Class R C000095845 CLASS R5 C000120781 Class R6 485BPOS 1 h87026xe485bpos.htm 485BPOS e485bpos
As filed with the United States Securities and Exchange Commission on October 2, 2012
1933 Act File No. 333-36074
1940 Act File No. 811-09913
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-1A
         
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
    þ  
     Pre-Effective Amendment No.      
    o  
     Post-Effective Amendment No. 52
    þ  
 
       
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
    þ  
     Amendment No. 53
       
AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
(Exact Name of Registrant as Specified in Charter)
11 Greenway Plaza, Suite 1000, Houston, TX 77046
(Address of Principal Executive Offices)
Registrant’s Telephone Number, including Area Code:   (713) 626-1919
John M. Zerr, Esquire
11 Greenway Plaza, Suite 1000
Houston, TX 77046
(Name and Address of Agent for Service)
 
Copies to:
     
Peter A. Davidson, Esquire   E. Carolan Berkley, Esquire
Invesco Advisers, Inc.   Stradley Ronon Stevens & Young, LLP
11 Greenway Plaza, Suite 1000   2600 One Commerce Square
Houston, TX 77046   Philadelphia, PA 19103-7599
Approximate Date of Proposed Public Offering: As soon as practicable after this post-effective amendment becomes effective.
It is proposed that this filing will become effective (check appropriate box)
þ immediately upon filing pursuant to paragraph (b)
o on [date], pursuant to paragraph (b)
o 60 days after filing pursuant to paragraph (a)(1)
o on (date) pursuant to paragraph (a)(1)
o 75 days after filing pursuant to paragraph (a)(2)
o on (date), pursuant to paragraph (a)(2) of rule 485
If appropriate, check the following box:
o this post-effective amendment designates a new effective date for a previously filed post-effective amendment.
 
 

 


 

SIGNATURES
     Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Amendment to its Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Houston, Texas on the 2nd day of October, 2012.
         
 
  Registrant:   AIM COUNSELOR SERIES TRUST
 
      (INVESCO COUNSELOR SERIES TRUST)
 
       
 
  By:   /s/ Philip A. Taylor
 
Philip A. Taylor, President
     Pursuant to the requirements of the Securities Act of 1933, this Amendment to the Registration Statement has been signed below by the following persons in the capacities and on the dates indicated:
         
SIGNATURES   TITLE   DATE
 
       
/s/ Philip A. Taylor
  Trustee & President   October 2, 2012
 
       
(Philip A. Taylor)
  (Principal Executive Officer)    
 
       
/s/ David C. Arch*
 
(David C. Arch)
  Trustee    October 2, 2012
 
       
/s/ Frank S. Bayley*
 
(Frank S. Bayley)
  Trustee    October 2, 2012
 
       
/s/ James T. Bunch*
 
(James T. Bunch)
  Trustee    October 2, 2012
 
       
/s/ Bruce L. Crockett*
 
(Bruce L. Crockett)
  Chair & Trustee    October 2, 2012
 
       
/s/ Rod Dammeyer*
 
(Rod Dammeyer)
  Trustee    October 2, 2012
 
       
/s/ Albert R. Dowden*
 
(Albert R. Dowden)
  Trustee    October 2, 2012
 
       
/s/ Martin L. Flanagan*
 
(Martin L. Flanagan)
  Trustee    October 2, 2012
 
       
/s/ Jack M. Fields*
 
(Jack M. Fields)
  Trustee    October 2, 2012
 
       
/s/ Carl Frischling*
 
(Carl Frischling)
  Trustee    October 2, 2012
 
       
/s/ Prema Mathai-Davis*
 
(Prema Mathai-Davis)
  Trustee    October 2, 2012
 
       
/s/ Larry Soll*
 
(Larry Soll)
  Trustee    October 2, 2012

 


 

         
SIGNATURES   TITLE   DATE
 
       
/s/ Hugo F. Sonnenschein*
 
(Hugo F. Sonnenschein)
  Trustee    October 2, 2012
 
       
/s/ Raymond Stickel, Jr.*
 
(Raymond Stickel, Jr.)
  Trustee    October 2, 2012
 
       
/s/ Wayne W. Whalen*
 
(Wayne W. Whalen)
  Trustee    October 2, 2012
 
       
 
  Vice President & Treasurer    
/s/ Sheri Morris
 
(Sheri Morris)
  (Principal Financial and 
Accounting Officer)
  October 2, 2012
         
*By
  /s/ Philip A. Taylor
 
Philip A. Taylor
   
 
  Attorney-in-Fact    
 
*   Philip A. Taylor, pursuant to powers of attorney dated November 30, 2010, filed in Registrant’s Post-Effective Amendment No. 47 on December 21, 2010.

 


 

Exhibit Index
     
XBRL Instance Document
  Ex-101.ins
XBRL Taxonomy Extension Schema Document
  Ex-101.sch
XBRL Taxonomy Extension Calculation Linkbase Document
  Ex-101.cal
XBRL Taxonomy Extension Labels Linkbase
  Ex-101.lab
XBRL Taxonomy Extension Presentation Linkbase Document
  Ex-101.pre
XBRL Taxonomy Extension Definition Linkbase
  Ex-101.def

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aimcst:LipperLargeCapValueFundIndexMember 2011-09-25 2012-09-24 0001112996 aimcst:S000027810Member aimcst:SAndPFiveHundredIndexMember 2011-09-25 2012-09-24 0001112996 aimcst:S000027813Member aimcst:RussellTwentyHundredGrowthIndexMember 2011-09-25 2012-09-24 0001112996 aimcst:S000027813Member aimcst:SAndPFiveHundredIndexMember 2011-09-25 2012-09-24 0001112996 aimcst:S000027813Member aimcst:LipperSmallCapGrowthFundIndexMember 2011-09-25 2012-09-24 0001112996 aimcst:S000027808Member aimcst:RussellTenHundredValueIndexMember 2011-09-25 2012-09-24 0001112996 aimcst:S000027808Member aimcst:BarclaysCapitalUsGovernmentCreditIndexMember 2011-09-25 2012-09-24 pure iso4217:USD 2012-06-30 2012-06-30 2012-06-30 2012-06-30 2012-06-30 2012-06-30 <div style="display:none">~ http://www.invesco.com/role/ScheduleShareholderFeesINVESCOCOREPLUSBONDFUND column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleShareholderFeesInvescoFloatingRateFund column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleShareholderFeesInvescoUSQuantitativeCoreFund column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleShareholderFeesInvescoGlobalRealEstateIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleShareholderFeesINVESCOEQUALLYWEIGHTEDSP500FUND column period compact * ~</div> 2012-06-30 2012-06-30 2012-06-30 335 335 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><b>Example.</b></font> 384 <font style="FONT-FAMILY: Arial, Helvetica" size="2"><b>Example.</b></font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><b>Example.</b></font> <font style="FONT-FAMILY: Arial, Helvetica" size="2"><b>Example.</b></font> <font style="FONT-FAMILY: Arial, Helvetica" size="2"><b>Example.</b></font> <font style="FONT-FAMILY: Arial, Helvetica" size="2"><b>Example.</b></font> <font style="FONT-FAMILY: Arial, Helvetica" size="2"><b>Example.</b></font> <font style="FONT-FAMILY: Arial, Helvetica" size="2"><b>Example.</b></font> <div style="display:none">~ http://www.invesco.com/role/ScheduleShareholderFeesINVESCOAMERICANFRANCHISEFUND column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleShareholderFeesINVESCOSMALLCAPDISCOVERYFUND column period compact * ~</div> <font style="FONT-FAMILY: Arial, Helvetica" size="2"><b>Example.</b></font> <div style="display:none">~ http://www.invesco.com/role/ScheduleShareholderFeesINVESCOEQUITYANDINCOMEFUND column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleShareholderFeesINVESCOGROWTHANDINCOMEFUND column period compact * ~</div> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 138% of the average value of its portfolio.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">www.invesco.com/us</font> 384 536 504 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 152% of the average value of its portfolio.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">www.invesco.com/us</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 125% of the average value of its portfolio.</font> 428 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">www.invesco.com/us</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 101% of the average value of its portfolio.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">www.invesco.com/us</font> 107 0.3643 379 368 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 22% of the average value of its portfolio.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">www.invesco.com/us</font> 224 213 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 114% of the average value of its portfolio.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">www.invesco.com/us </font> 477 455 0.39 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 22% of the average value of its portfolio.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">www.invesco.com/us</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 179% of the average value of its portfolio.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">www.invesco.com/us</font> 219 208 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">www.invesco.com/us</font> 0 0 <b><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 16pt;">Fund Summaries - INVESCO CORE PLUS BOND FUND</font></b> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Shareholder Fees</b> (fees paid directly from your investment)</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund&#8217;s performance to that of a broad-based/style specific securities market benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund.</font> 0.0438 <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualFundOperatingExpensesINVESCOCOREPLUSBONDFUND column period compact * ~</div> 0 0 <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualFundOperatingExpensesInvescoFloatingRateFund column period compact * ~</div> 0 0 <b><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 16pt;">Fund Summaries - INVESCO FLOATING RATE FUND</font></b> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Shareholder Fees</b> (fees paid directly from your investment)</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"> &#8220;Other Expenses,&#8221; &#8220;Total Other Expenses&#8221; and &#8220;Total Annual Fund Operating Expenses&#8221; for Class&nbsp;R6 are based on estimated amounts for the current fiscal year. </font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund&#8217;s performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund.</font> <b><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 16pt;">Fund Summaries - INVESCO U.S. QUANTITATIVE CORE FUND</font></b> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Shareholder Fees</b> (fees paid directly from your investment)</font> 0.0482 0 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund&#8217;s performance to that of a broad-based/style specific securities market benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund.</font> <b><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 16pt;">Fund Summaries - INVESCO GLOBAL REAL ESTATE INCOME FUND </font></b> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Shareholder Fees</b> (fees paid directly from your investment)</font> <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualFundOperatingExpensesInvescoUSQuantitativeCoreFund column period compact * ~</div> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">"Other Expenses" and "Total Annual Fund Operating Expenses" for Class R6 are based on estimated amounts for the current fiscal year.</font> 0 0.0984 <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualFundOperatingExpensesInvescoGlobalRealEstateIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualFundOperatingExpensesINVESCOEQUALLYWEIGHTEDSP500FUND column period compact * ~</div> <b><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 16pt;">Fund Summary - Invesco Equally-Weighted S&P 500 Fund</font></b> 0 0 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Shareholder Fees </b>(fees paid directly from your investment) </font> 0.0783 0 0 <b><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 16pt;">Fund Summary - Invesco Small Cap Discovery Fund</font></b> 0.1012 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Shareholder Fees</b> (fees paid directly from your investment)</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&#8220;Other Expenses&#8221; and &#8220;Total Annual Fund Operating Expenses&#8221; are based on estimated amounts for the current fiscal year.</font> 0 0 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 16pt;"><b>Fund Summary - Invesco Equity and Income Fund</b></font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Shareholder Fees</b> (fees paid directly from your investment)</font> 0.0706 <b><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 16pt;">Fund Summary - Invesco American Franchise Fund </font></b> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Shareholder Fees</b> (fees paid directly from your investment)</font> 0.0839 <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualFundOperatingExpensesINVESCOAMERICANFRANCHISEFUND column period compact * ~</div> -0.0687 0 0 <b><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 16pt;">Fund Summary - Invesco Growth and Income Fund </font></b> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Shareholder Fees</b> (fees paid directly from your investment)</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 23% of the average value of its portfolio.</font> <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualFundOperatingExpensesINVESCOSMALLCAPDISCOVERYFUND column period compact * ~</div> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&#8220;Other Expenses&#8221; and &#8220;Total Annual Fund Operating Expenses&#8221; for Class&nbsp;R6 shares are based on estimated amounts for the current fiscal year.</font> <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualFundOperatingExpensesINVESCOEQUITYANDINCOMEFUND column period compact * ~</div> 0.077 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&#8220;Other Expenses&#8221; and &#8220;Total Annual Fund&nbsp;Operating Expenses&#8221; for Class&nbsp;R5 and Class&nbsp;R6 shares are based on estimated amounts for the current fiscal year.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&#8220;Other Expenses&#8221; and &#8220;Total Annual Fund Operating Expenses&#8221; for Class&nbsp;R6 shares are based on estimated amounts for the current fiscal year.</font> <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualFundOperatingExpensesINVESCOGROWTHANDINCOMEFUND column period compact * ~</div> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&#8220;Other Expenses&#8221; and &#8220;Total Annual Fund Operating Expenses&#8221; for Class&nbsp;R6 are based on estimated amounts for the current fiscal year.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&#8220;Other Expenses&#8221; and &#8220;Total Annual Fund Operating Expenses&#8221; for Class&nbsp;R6 shares are based on estimated amounts for the current fiscal year.</font> AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST) 51 51 2012-09-24 2009-06-03 2009-06-03 2009-06-03 2009-05-31 2009-05-31 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment)</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Although your actual costs may be higher or lower, based on these assumptions, your costs would be:</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Class R5 shares year-to-date (ended June 30, 2012): 4.38%<br />Best Quarter (ended June 30, 2010): 2.86%<br />Worst Quarter (ended December 31, 2010): -0.93%</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Average Annual Total Returns</b> (for the periods ended December 31, 2011)</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangement, such as 401(k) plans or individual retirement accounts.</font> <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualTotalReturnsINVESCOCOREPLUSBONDFUNDBarChart column period compact * ~</div> 70 70 2006-04-13 2006-04-13 2006-04-13 2012-09-24 2002-05-31 2002-05-31 2002-05-31 2012-09-24 2007-03-09 2007-03-09 2007-03-09 <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualTotalReturnsInvescoFloatingRateFundBarChart column period compact * ~</div> 99 93 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Annual Fund Operating Expenses </b>(expenses that you pay each year as a percentage of the value of your investment)</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. </font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">Although your actual costs may be higher or lower, based on these assumptions, your costs would be:</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Class R5 shares year-to-date (ended June 30, 2012): 4.82%</font><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Best Quarter (ended June 30, 2009): 19.55%<br/></font><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Worst Quarter (ended December 31, 2008): -27.12%</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Average Annual Total Returns</b> (for the periods ended December 31, 2011)</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangement, such as 401(k) plans or individual retirement accounts.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Annual Fund Operating Expenses </b> (expenses that you pay each year as a percentage of the value of your investment)</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE:10pt;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Although your actual costs may be higher or lower, based on these assumptions, your costs would be:</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Class R5 shares year-to-date (ended June 30, 2012): 10.12%</font><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Best Quarter (ended September 30, 2009): 13.31%</font><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Worst Quarter (ended December 31, 2008): -18.47%</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Average Annual Total Returns</b> (for the periods ended December 31, 2011)</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangement, such as 401(k) plans or individual retirement accounts.</font> 79 2006-03-31 2006-03-31 2006-03-31 <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualTotalReturnsInvescoGlobalRealEstateIncomeFundBarChart column period compact * ~</div> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment)</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Although your actual costs may be higher or lower, based on these assumptions, your costs would be:</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Class R5 shares year-to-date (ended June 30, 2012): 9.84%</font><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Best Quarter (ended September 30, 2009): 24.34%<br/></font><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Worst Quarter (ended December 31, 2008): -26.58%</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Average Annual Total Returns</b> (for the periods ended December 31, 2011)</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 08pt;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangement, such as 401(k) plans or individual retirement accounts.</font> <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualTotalReturnsInvescoU.S.QuantitativeCoreFundBarChart column period compact * ~</div> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund's performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund.</font> 19 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Annual Fund Operating Expenses </b>(expenses that you pay each year as a percentage of the value of your investment)</font> 69 67 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. </font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Class A shares year-to-date (ended June 30, 2012): 7.83% </font><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Best Quarter (ended June 30, 2009): 24.48%<br/></font><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Worst Quarter (ended December 31, 2008): (26.54)%</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Average Annual Total Returns </b>(for the periods ended December 31, 2011)</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for Class R6 shares only and after-tax returns for other classes will vary.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund&#8217;s performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund.</font> <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualTotalReturnsINVESCOEQUALLYWEIGHTEDSP500FUNDBarChart column period compact * ~</div> 2012-09-24 2012-09-24 2012-09-24 41 39 2010-06-01 2010-06-01 2010-06-01 2012-09-24 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Annual Fund Operating Expenses </b>(expenses that you pay each year as a percentage of the value of your investment)</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. </font><br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 08pt;">Class A shares year-to-date (ended June 30, 2012): 7.06% </font><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 08pt;">Best Quarter (ended June 30, 2003): 18.82% </font><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 08pt;">Worst Quarter (ended September 30, 2011): (22.76)% </font> <font style="FONT-FAMILY: Arial, Helvetica" size="2"><b></font>Average Annual Total Returns </b><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">(for the periods ended December 31, 2011)</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 08pt;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for Class A shares only and after-tax returns for other classes will vary.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund&#8217;s performance to that of a broad-based securities market benchmark, a style-specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund.</font> 88 84 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Annual Fund Operating Expenses </b> (expenses that you pay each year as a percentage of the value of your investment)</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. </font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Class R5 shares year-to-date (ended June 30, 2012): (6.87)%</font><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Best Quarter (ended December 31, 2011): 8.82%<br/></font><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Worst Quarter (ended September 30, 2011): (12.69)%</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Average Annual Total Returns </b>(for the periods ended December 31, 2011)</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund&#8217;s performance to that of a broad-based securities market benchmark and a style specific benchmark comprised of funds with investment objectives and strategies similar to those of the Fund.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment)</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Class R5 shares year-to-date (ended June 30, 2012): 8.39% </font><br/> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Best Quarter (ended December 31, 2011): 6.80%</font> <br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"> Worst Quarter (ended September 30, 2011): (17.06)% </font> <font style="FONT-FAMILY: Arial, Helvetica" size="2"><b></font>Average Annual Total Returns </b><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">(for the periods ended December 31, 2011)</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund&#8217;s performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund.</font> <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualTotalReturnsINVESCOAMERICANFRANCHISEFUNDBarChart column period compact * ~</div> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Annual Fund Operating Expenses </b>(expenses that you pay each year as a percentage of the value of your investment)</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Average Annual Total Returns </b></font><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">(for the periods ended December 31, 2011)</font> 40 38 <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualTotalReturnsINVESCOSMALLCAPDISCOVERYFUNDBarChart column period compact * ~</div> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund&#8217;s performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund.</font> 2010-06-01 2012-09-24 2012-09-24 2012-09-24 2012-09-24 2012-09-24 2010-06-01 2010-06-01 2010-12-22 2010-12-22 2010-12-22 2012-09-24 <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualTotalReturnsINVESCOEQUITYANDINCOMEFUNDBarChart column period compact * ~</div> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Class R5 shares year-to-date (ended June 30, 2012): 7.70%<br/>Best Quarter (ended December 31, 2011): 12.20%<br/>Worst Quarter (ended September 30, 2011: (16.39)%</font> <div style="display:none">~ http://www.invesco.com/role/ScheduleAnnualTotalReturnsINVESCOGROWTHANDINCOMEFUNDBarChart column period compact * ~</div> 2005-06-30 2005-06-30 2005-06-30 485BPOS 0001112996 2012-09-21 2011-08-31 0 0 0.0066 0.0066 -0.0016 -0.0016 178 178 0.0558 0.0419 0.0362 0.0541 0.0784 0.0628 0.0558 <b><font style="FONT-FAMILY: Arial, Helvetica; COLOR: #1e1c77; FONT-SIZE: 10pt;">Investment Objective(s)</font></b> <b><font style="FONT-FAMILY: Arial, Helvetica; COLOR: #1e1c77; FONT-SIZE: 10pt;">Fees and Expenses of the Fund</font></b> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><b>Portfolio Turnover.</b></font> <b><font style="FONT-FAMILY: Arial, Helvetica; COLOR: #1e1c77; FONT-SIZE: 10pt;">Principal Investment Strategies of the Fund</font></b> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">As with any mutual fund investment, loss of money is a risk of investing.</font> 2010-06-30 0.0286 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Worst Quarter</font> 2010-12-31 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangement, such as 401(k) plans or individual retirement accounts.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Non-Diversification Risk</i>. The Fund is non-diversified and can invest a greater portion of its assets in a single issuer. A change in the value of the issuer could affect the value of the Fund more than if it was a diversified fund. </font> June 30, 2013 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund invests, under normal circumstances, at least 80% of its net assets at the time of investment (plus any borrowings for investment purposes) in fixed income securities. The Fund primarily invests its assets in investment grade fixed income securities generally represented by the Barclays Capital U.S. Aggregate Index (the benchmark index) including, corporate bonds, U.S. Treasury and agency securities, mortgage-backed securities, and asset-backed securities.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund is non-diversified, which means that it can invest a greater percentage of its assets in any one issuer than a diversified fund can.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund may invest in derivative instruments, specifically credit default swaps and credit default indexes to gain or reduce exposure to an asset class or a particular issuer.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A credit default swap is an agreement between two parties where the first party agrees to make one or more payments to the second party, while the second party assumes the risk of certain defaults. The Fund may enter into credit default swaps to create long or short exposure to corporate or sovereign debt securities. The Fund may buy a credit default swap (buy credit protection) or sell a credit default swap (sell credit protection). When the Fund buys a credit default swap it makes a stream of payments based on a fixed interest rate (the premium) over the life of the swap in exchange for a counterparty (the seller) taking on the risk of default of a reference debt obligation. Alternatively, the Fund may sell a credit default swap whereby the Fund will receive premium payments from the buyer in exchange for taking the risk of default of the underlying reference obligation.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A credit default index is an index of credit default swaps. Credit default indexes allow an investor to gain or reduce exposure to a basket of credit entities in a more efficient manner than transacting in single name credit default swaps.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund may invest in interest rate swaps to hedge its exposure to interest rates. An interest rate swap is an agreement between two parties pursuant to which the parties exchange a floating interest rate payment for a fixed interest rate payment based on a specified principal or notional amount.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund may invest in interest rate futures to gain or reduce its exposure to interest rates. An interest rate futures contract is an exchange-traded contact in which the specified underlying security is either an interest-bearing fixed income security or an inter-bank deposit. Interest rate futures are based off an underlying security which is a debt obligation and moves in value as interest rates change.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund may utilize forward currency contracts to mitigate the risk of foreign currency exposure. A forward currency contract is an agreement between parties to exchange a specified amount of currency at a specified future time at a specified rate. Forward currency contracts are used to protect against uncertainty in the level of future currency exchange rates or to gain or modify exposure to a particular currency. The Fund may use these contracts to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated. These strategies are implemented within the risk profile of the guidelines set forth in the prospectus.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund engages in dollar roll transactions to enhance the Fund&#8217;s return on cash.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund will attempt to maintain (i) a dollar-weighted average portfolio maturity of between three and ten years, and (ii) a duration (the Fund&#8217;s price sensitivity to changes in interest rates) of within +/- one year of the benchmark index.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund may invest up to 30% of its total assets in foreign debt securities and up to 20% of its total assets in high yield debt securities (junk bonds). In regard to foreign debt security holdings, up to 30% of the Fund&#8217;s total assets may be in developing markets debt securities and up to 20% of the Fund&#8217;s total assets may be denominated in currencies other than the U.S. dollar.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund utilizes active duration and yield curve positioning for risk management and for generating alpha (specific factors affecting the return on investments in excess of the benchmark) versus its benchmark. Duration is a measure of volatility expressed in years and represents the anticipated percent change in a bond&#8217;s price at a single point in time for a 1% change in yield. As duration increases, volatility increases as applicable interest rates change.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In attempting to meet its investment objective, the Fund engages in active and frequent trading of portfolio securities.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The portfolio managers utilize an appropriate benchmark index in structuring the portfolio. The portfolio managers then decide on risk factors to use in managing the Fund relative to that benchmark. In doing so, the portfolio managers consider recommendations from a team of specialists in positioning the Fund to generate alpha. The portfolio managers generally rely upon a different team of specialists for trade execution and for assistance in determining the most efficient way (in terms of cost-efficiency and selection) to implement those recommendations. Although a variety of specialists provide input in the management of the Fund, the portfolio managers retain responsibility for ensuring the Fund is positioned appropriately in terms of risk exposures and position sizes. The portfolio managers rely on the specialists for adjusting the Fund&#8217;s risk exposures and security selection. Decisions to purchase or sell securities are determined by the relative value considerations of the investment professionals that factor in economic and credit-related fundamentals, market supply and demand, market dislocations and situation-specific opportunities. The purchase or sale of securities may be related to a decision to alter the Fund&#8217;s macro risk exposure (e.g., duration, yield, curve positioning, sector exposure), a need to limit or reduce the Fund&#8217;s exposure to a particular security or issuer, degradation of an issuer&#8217;s credit quality, or general liquidity needs of the Fund.<br /><br /></font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are:<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Active Trading Risk</i>. The Fund engages in frequent trading of portfolio securities. Active trading results in added expenses and may result in a lower return and increased tax liability.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Counterparty Risk</i>. Counterparty risk is the risk that the other party to the contract will not fulfill its contractual obligations, which may cause losses or additional costs to the Fund.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Credit Risk</i>. The issuer of instruments in which the Fund invests may be unable to meet interest <font style="WHITE-SPACE: nowrap">and/or</font> principal payments, thereby causing its instruments to decrease in value and lowering the issuer&#8217;s credit rating.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Currency/Exchange Rate Risk</i>. The dollar value of the Fund&#8217;s foreign investments will be affected by changes in the exchange rates between the dollar and the currencies in which those investments are traded.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Derivatives Risk</i>. The performance of derivative instruments is tied to the performance of an underlying currency, security, index or other instrument. In addition to risks relating to their underlying instruments, the use of derivatives may include other, possibly greater, risks. Derivatives involve costs, may be volatile, and may involve a small initial investment relative to the risk assumed. Risks associated with the use of derivatives may include counterparty, leverage, correlation, liquidity, tax, market, interest rate and management risks. Derivatives may also be more difficult to purchase, sell or value than other investments. The Fund may lose more than the cash amount invested on investments in derivatives. Investors should bear in mind that, while the Fund intends to use derivative strategies, it is not obligated to actively engage in these transactions, generally or in any particular kind of derivative, if the investment manager elects not to do so due to availability, cost, market conditions or other factors.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Developing/Emerging Markets Securities Risk</i>. Securities issued by foreign companies and governments located in developing/emerging countries may be affected more negatively by inflation, devaluation of their currencies, higher transaction costs, delays in settlement, adverse political developments, the introduction of capital controls, withholding taxes, nationalization of private assets, expropriation, social unrest, war or lack of timely information than those in developed countries.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Dollar Roll Transactions Risk</i>. Dollar roll transactions involve the risk that the market value and yield of the securities retained by the Fund may decline below the price of the mortgage-related securities sold by the Fund that it is obligated to repurchase.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Forward Foreign Currency Exchange Contracts</i>. The use of forward contracts involves the risk of mismatching the Fund&#8217;s objectives under a forward contract with the value of securities denominated in a particular currency. Furthermore, such transactions reduce or preclude the opportunity for gain if the value of the currency should move in the direction opposite to the position taken. There is an additional risk to the effect that currency contracts create exposure to currencies in which the Fund&#8217;s securities are not denominated. Unanticipated changes in currency prices may result in poorer overall performance for the Fund than if it had not entered into such contracts.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Foreign Securities Risk</i>. The Fund&#8217;s foreign investments may be affected by changes in a foreign country&#8217;s exchange rates, political and social instability, changes in economic or taxation policies, difficulties when enforcing obligations, decreased liquidity, and increased volatility. Foreign companies may be subject to less regulation resulting in less publicly available information about the companies.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Futures Risk</i>. A decision as to whether, when and how to use futures involves the exercise of skill and judgment and even a well-conceived futures transaction may be unsuccessful because of market behavior or unexpected events.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>High Yield Bond (Junk Bond) Risk</i>. Junk bonds involve a greater risk of default or price changes due to changes in the credit quality of the issuer. The values of junk bonds fluctuate more than those of high-quality bonds in response to company, political, regulatory or economic developments. Values of junk bonds can decline significantly over short periods of time.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Interest Rate Risk</i>. Interest rate risk refers to the risk that bond prices generally fall as interest rates rise; conversely, bond prices generally rise as interest rates fall. Specific bonds differ in their sensitivity to changes in interest rates depending on their individual characteristics, including duration.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Liquidity Risk</i>. The Fund may hold illiquid securities that it may be unable to sell at the preferred time or price and could lose its entire investment in such securities.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Management Risk</i>. The investment techniques and risk analysis used by the Fund&#8217;s portfolio managers may not produce the desired results.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Market Risk</i>. The prices of and the income generated by the Fund&#8217;s securities may decline in response to, among other things, investor sentiment, general economic and market conditions, regional or global instability, and currency and interest rate fluctuations.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Mortgage- and Asset-Backed Securities Risk</i>. The Fund may invest in mortgage- and asset-backed securities that are subject to prepayment or call risk, which is the risk that the borrower&#8217;s payments may be received earlier or later than expected due to changes in prepayment rates on underlying loans. Faster prepayments often happen when interest rates are falling. As a result, the Fund may reinvest these early payments at lower interest rates, thereby reducing the Fund&#8217;s income. Conversely, when interest rates rise, prepayments may happen more slowly, causing the security to lengthen in duration. Longer duration securities tend to be more volatile. Securities may be prepaid at a price less than the original purchase value. An unexpectedly high rate of defaults on the mortgages held by a mortgage pool may adversely affect the value of mortgage-backed securities and could result in losses to the Fund. The risk of such defaults is generally higher in the case of mortgage pools that include subprime mortgages. Subprime mortgages refer to loans made to borrowers with weakened credit histories or with lower capacity to make timely payments on their mortgages.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Non-Diversification Risk</i>. The Fund is non-diversified and can invest a greater portion of its assets in a single issuer. A change in the value of the issuer could affect the value of the Fund more than if it was a diversified fund.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Reinvestment Risk</i>. Reinvestment risk is the risk that a bond&#8217;s cash flows (coupon income and principal repayment) will be reinvested at an interest rate below that on the original bond.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Swaps Risk</i>. Swaps are subject to credit risk and counterparty risk.<br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>U.S. Government Obligations Risk</i>. The Fund may invest in obligations issued by U.S. Government agencies and instrumentalities that may receive varying levels of support from the government, which could affect the Fund&#8217;s ability to recover should they default.</font> 0 0 0.0005 0.0005 0.0001 0.0001 0.0069 0.0069 221 221 -0.336 0.0188 0.0188 0.0016 0.0122 0.0155 0.0784 0.0182 0.0123 0.0401 0.0207 0.0227 0.0381 0.0578 0.047 0.034 0.0391 0.0232 0.0259 0.0365 -0.0554 0.0496 -0.069 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are:</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Active Trading Risk</i>. The Fund engages in frequent trading of portfolio securities. Active trading results in added expenses and may result in a lower return and increased tax liability.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Collateralized Loan Obligations Risk</i>. In addition to the normal interest rate, default and other risks of fixed income securities, collateralized loan obligations carry additional risks, including the possibility that distributions from collateral securities will not be adequate to make interest or other payments, the quality of the collateral may decline in value or default, the Fund may invest in collateralized loan obligations that are subordinate to other classes, values may be volatile, and disputes with the issuer may produce unexpected investment results.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Counterparty Risk</i>. Counterparty risk is the risk that the other party to the contract will not fulfill its contractual obligations, which may cause losses or additional costs to the Fund.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Credit Linked Notes Risk</i>. Risks of credit linked notes include those risks associated with the underlying reference obligation including but not limited to market risk, interest rate risk, credit risk, default risk and foreign currency risk. In the case of a credit linked note created with credit default swaps, the structure will be &#8220;funded&#8221; such that the par amount of the security will represent the maximum loss that could be incurred on the investment and no leverage is introduced. An investor in a credit linked note bears counterparty risk or the risk that the issuer of the credit linked note will default or become bankrupt and not make timely payment of principal and interest of the structured security.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Credit Risk</i>. The issuer of instruments in which the Fund invests may be unable to meet interest and/or principal payments, thereby causing its instruments to decrease in value and lowering the issuer&#8217;s credit rating.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Defaulted Securities Risk</i>. Defaulted securities involve the substantial risk that principal will not be repaid. Defaulted securities and any securities received in an exchange for such securities may be subject to restrictions on resale.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Derivatives Risk</i>. The performance of derivative instruments is tied to the performance of an underlying currency, security, index or other instrument. In addition to risks relating to their underlying instruments, the use of derivatives may include other, possibly greater, risks. Derivatives involve costs, may be volatile, and may involve a small initial investment relative to the risk assumed. Risks associated with the use of derivatives may include counterparty, leverage, correlation, liquidity, tax, market, interest rate and management risks. Derivatives may also be more difficult to purchase, sell or value than other investments. The Fund may lose more than the cash amount invested on investments in derivatives. Investors should bear in mind that, while the Fund intends to use derivative strategies, it is not obligated to actively engage in these transactions, generally or in any particular kind of derivative, if the investment manager elects not to do so due to availability, cost, market conditions or other factors.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Floating Rate Risk</i>. The Fund may invest in senior secured floating rate loans and debt securities that require collateral. There is a risk that the value of the collateral may not be sufficient to cover the amount owed, collateral securing a loan may be found invalid, and collateral may be used to pay other outstanding obligations of the borrower under applicable law or may be difficult to sell. There is also the risk that the collateral may be difficult to liquidate, or that a majority of the collateral may be illiquid.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Foreign Securities Risk</i>. The Fund&#8217;s foreign investments may be affected by changes in a foreign country&#8217;s exchange rates, political and social instability, changes in economic or taxation policies, difficulties when enforcing obligations, decreased liquidity, and increased volatility. Foreign companies may be subject to less regulation resulting in less publicly available information about the companies.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>High Yield Bond (Junk Bond) Risk</i>. Junk bonds involve a greater risk of default or price changes due to changes in the credit quality of the issuer. The values of junk bonds fluctuate more than those of high-quality bonds in response to company, political, regulatory or economic developments. Values of junk bonds can decline significantly over short periods of time. </font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Industry Focus Risk</i>. To the extent the Fund invests in securities issued or guaranteed by companies in the banking and financial services industries, the Fund&#8217;s performance will depend on the overall condition of those industries, which may be affected by the following factors: the supply of short-term financing, changes in government regulation and interest rates, and overall economy.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Interest Rate Risk</i>. Interest rate risk refers to the risk that bond prices generally fall as interest rates rise; conversely, bond prices generally rise as interest rates fall. Specific bonds differ in their sensitivity to changes in interest rates depending on their individual characteristics, including duration.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Leverage Risk</i>. Leverage exists when the Fund purchases or sells an instrument or enters into a transaction without investing cash in an amount equal to the full economic exposure of the instrument or transaction and the Fund could lose more than it invested. Leverage created from borrowing or certain types of transactions or instruments may impair the Fund&#8217;s liquidity, cause it to liquidate positions at an unfavorable time, increase volatility or otherwise not achieve its intended objective.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Liquidity Risk</i>. The Fund may hold illiquid securities that it may be unable to sell at the preferred time or price and could lose its entire investment in such securities. The majority of the Fund&#8217;s assets are likely to be invested in loans and securities that are less liquid than those traded on national exchanges. In the event the Fund voluntarily or involuntarily liquidates portfolio assets during periods of infrequent trading, it may not receive full value for those assets.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Management Risk</i>. The investment techniques and risk analysis used by the Fund&#8217;s portfolio managers may not produce the desired results.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Market Risk</i>. The prices of and the income generated by the Fund&#8217;s securities may decline in response to, among other things, investor sentiment, general economic and market conditions, regional or global instability, and currency and interest rate fluctuations.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Non-Diversification Risk</i>. The Fund is non-diversified and can invest a greater portion of its assets in a single issuer. A change in the value of the issuer could affect the value of the Fund more than if it was a diversified fund.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Prepayment Risk</i>. An issuer&#8217;s ability to prepay principal on a loan or debt security prior to maturity can limit the Fund&#8217;s potential gains. Prepayments may require the Fund to replace the loan or debt security with a lower yielding security, adversely affecting the Fund&#8217;s yield.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Swaps Risk</i>. Swaps are subject to credit risk and counterparty risk.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund invests under normal circumstances at least 80% of its net assets (plus any borrowings for investment purposes) in senior secured floating rate loans made by banks and other lending institutions and in senior secured floating rate debt instruments. The Fund also invests from time to time in derivative instruments such as credit default swaps, interest rate swaps, credit-linked notes and collateral loan obligations.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund is non-diversified, which means that it can invest a greater percentage of its assets in the loans or securities of any one borrower or issuer than a diversified fund can.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">Floating rate loans are made to or issued by companies (borrowers) and bear interest at a floating rate that resets periodically. The interest rates on floating rate loans are generally based on a percentage above LIBOR (the London Interbank Offered Rate), a designated U.S. bank&#8217;s prime or base rate or the overnight federal funds rate. Prime based and federal funds rate loans reset periodically when the underlying rate resets. LIBOR loans reset on set dates, typically every 30 to 90 days, but not to exceed one year. Secured floating rate loans are often issued in connection with recapitalizations, acquisitions, leveraged buyouts and refinancings. Floating rate loans are typically structured and administered by a financial institution that acts as agent for the lenders in the lending group.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">Floating rate loans will generally be purchased from banks or other financial institutions through assignments or participations. A direct interest in a floating rate loan may be acquired directly from the agent or another lender by assignment or an indirect interest may be acquired as a participation in another lender&#8217;s portion of a floating rate loan.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund may invest in credit default swaps to gain or reduce exposure to an asset class or a particular issuer.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">A credit default swap is an agreement between two parties where the first party agrees to make one or more payments to the second party, while the second party assumes the risk of certain defaults. The Fund may enter into credit default swaps to create long or short exposure to corporate debt securities or sovereign debt securities. The Fund may buy a credit default swap (buy credit protection) or sell a credit default swap (sell credit protection). When the Fund buys a credit default swap it makes a stream of payments based on a fixed interest rate (the premium) over the life of the swap in exchange for a counterparty (the seller) taking on the risk of default of a reference obligation. Alternatively, the Fund may sell a credit default swap whereby the Fund will receive premium payments from the buyer in exchange for taking the risk of default of the underlying reference obligation.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund may invest in interest rate swaps to hedge its exposure to interest rates. An interest rate swap is an agreement between two parties pursuant to which the parties exchange a floating interest rate payment for a fixed interest rate payment based on a specified principal or notional amount.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund may invest in credit linked notes to gain or reduce exposure to an asset class or a particular issuer. A credit linked note is a security structured and issued by an issuer, which may be a bank, broker or special purpose vehicle. The performance and payment of principal and interest is tied to that of a reference obligation which may be a particular security, basket of securities, credit default swap, basket of credit default swaps, or index.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund may invest all of its assets in floating rate loans and floating rate debt securities that are determined to be below investment grade quality. The Fund may invest all of its assets in floating rate loans and floating rate debt securities of non-U.S. borrowers or issuers, provided such investments are U.S. dollar denominated or otherwise provide for payment in U.S. dollars.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund may invest up to 20% of its total assets in the following other types of debt obligations or securities: unsecured loans, fixed rate high yield bonds, investment grade corporate bonds, and short-term government and commercial debt obligations. Up to 5% of the Fund&#8217;s total assets may be invested in: (i) defaulted or distressed loans; (ii) loans to bankrupt companies; and (iii) subordinated loans. The Fund may invest no more than 15% of its total assets in illiquid securities. The Fund may use leverage through borrowing in an amount of up to 33<font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">1</font>/<font style="FONT-SIZE: 70%">3</font>% of the Fund&#8217;s total assets after such borrowing.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund invests in loans and debt securities as determined by the portfolio managers. The portfolio managers construct the investment portfolio using a process that focuses on obtaining access to the widest possible range of potential investments available in the market, legal review of the documents for loans and on-going credit analysis of issuers. In constructing the portfolio, the portfolio managers analyze each company to determine the company&#8217;s earnings potential and other factors indicating the sustainability of earnings growth. The portfolio managers will consider selling a portfolio security if, among other things, (1) unfavorable industry trends, poor performance, or a lack of access to capital cause the company to fail to meet its planned objectives; or (2) more attractive investment opportunities are found.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">In attempting to meet its investment objective, the Fund engages in active and frequent trading of portfolio securities.</font> -0.3163 0.0391 290 309 0.0091 0.0097 0 0 <font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2"><b>Investment Objective(s)</b></font> <font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2"><b>Fees and Expenses of the Fund</b></font> <font style="FONT-FAMILY: Arial, Helvetica" size="2"><b>Portfolio Turnover.</b></font> <font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2"><b>Principal Investment Strategies of the Fund</b></font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">As with any mutual fund investment, loss of money is a risk of investing.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"> Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangement, such as 401(k) plans or individual retirement accounts.</font> <font style="FONT-FAMILY: Arial, Helvetica; COLOR: #1e1c77; FONT-SIZE: 10pt;"><b>Investment Objective(s)</b></font> <font style="FONT-FAMILY: Arial, Helvetica; COLOR: #1e1c77; FONT-SIZE: 10pt;"><b>Fees and Expenses of the Fund</b></font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><b>Portfolio Turnover.</b></font> <font style="FONT-FAMILY: Arial, Helvetica; COLOR: #1e1c77; FONT-SIZE: 10pt;"><b>Principal Investment Strategies of the Fund</b></font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE:10pt;">The Fund invests its assets in a diversified portfolio of equity securities of large capitalization companies. The Fund invests primarily in equity securities, specifically common and preferred stocks, convertible securities, rights and warrants to purchase common stock and depositary receipts.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective March 1, 2012, the preceding paragraph will be replaced by the following. The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of U.S. issuers at the time of investment. The Fund invests its assets in a diversified portfolio of equity securities of large capitalization companies. The Fund invests primarily in equity securities, specifically common and preferred stocks, convertible securities, rights and warrants to purchase common stock and depositary receipts. </font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund considers a company to be a large capitalization company if it has a market capitalization, at the time of purchase, no smaller than the smallest capitalized company included in the S&amp;P 500<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Index (the benchmark index). As of August 31, 2011, the capitalization of companies in the S&amp;P 500<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Index range from $991 million to $360 billion.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund may invest up to 20% of its total assets in foreign securities. The Fund may also invest in exchange-traded funds.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund will invest in derivative instruments, specifically futures contracts, including index futures, to seek exposure to certain asset classes. A futures contract is a standardized agreement between two parties to buy or sell a specific quantity of an underlying instrument at a specific price at a specific future time. The value of the futures contract tends to increase and decrease in tandem with the value of the underlying instrument. Futures contracts are bilateral agreements, with both the purchaser and the seller equally obligated to complete the transaction. Depending on the terms of the particular contract, futures contracts are settled through purchasing an offsetting contract, by physical delivery of the underlying instrument on the settlement date or by payment of a cash settlement amount on the settlement date. </font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The portfolio managers use quantitative, research based models to select potential investment securities. They then use proprietary and non-proprietary models to forecast risks and transaction costs. This information is used to structure the Fund&#8217;s portfolio. The Fund uses the S&amp;P 500<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Index as a guide in structuring and selecting its investments, but will also invest in non-benchmark securities. </font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The portfolio managers will consider selling or reducing a security position (i) if the forecasted return of a security becomes less attractive relative to industry peers, or (ii) if a particular security&#8217;s risk profile changes.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In attempting to meet its investment objective, the Fund engages in active and frequent trading of portfolio securities.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE:10pt;">As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are: </font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Active Trading Risk</i>. The Fund engages in frequent trading of portfolio securities. Active trading results in added expenses and may result in a lower return and increased tax liability. </font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Convertible Securities Risk</i>. The Fund may own convertible securities, the value of which may be affected by market interest rates, the risk that the issuer will default, the value of the underlying stock or the right of the issuer to buy back the convertible securities. </font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Depositary Receipts Risk</i>. Depositary receipts involve many of the same risks as those associated with direct investment in foreign securities. In addition, the underlying issuers of certain depositary receipts, particularly unsponsored or unregistered depositary receipts, are under no obligation to distribute shareholder communications to the holders of such receipts or to pass through to them any voting rights with respect to the deposited securities. </font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Derivatives Risk</i>. The performance of derivative instruments is tied to the performance of an underlying currency, security, index or other instrument. In addition to risks relating to their underlying instruments, the use of derivatives may include other, possibly greater, risks. Derivatives involve costs, may be volatile, and may involve a small initial investment relative to the risk assumed. Risks associated with the use of derivatives may include counterparty, leverage, correlation, liquidity, tax, market, interest rate and management risks. Derivatives may also be more difficult to purchase, sell or value than other investments. The Fund may lose more than the cash amount invested on investments in derivatives. Investors should bear in mind that, while the Fund intends to use derivative strategies, it is not obligated to actively engage in these transactions, generally or in any particular kind of derivative, if the investment manager elects not to do so due to availability, cost, market conditions or other factors.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Exchange-Traded Funds Risk</i>. An investment by the Fund in exchange-traded funds generally presents the same primary risks as an investment in a mutual fund. In addition, an exchange-traded fund may be subject to the following: (1) a discount of the exchange-traded fund&#8217;s shares to its net asset value; (2) failure to develop an active trading market for the exchange-traded fund&#8217;s shares; (3) the listing exchange halting trading of the exchange-traded fund&#8217;s shares; (4) failure of the exchange-traded fund&#8217;s shares to track the referenced index; and (5) holding troubled securities in the referenced index. Exchange-traded funds may involve duplication of management fees and certain other expenses, as the Fund indirectly bears its proportionate share of any expenses paid by the exchange-traded funds in which it invests. Further, certain of the exchange-traded funds in which the Fund may invest are leveraged. The more the Fund invests in such leveraged exchange-traded funds, the more this leverage will magnify any losses on those investments.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Foreign Securities Risk</i>. The Fund&#8217;s foreign investments may be affected by changes in a foreign country&#8217;s exchange rates, political and social instability, changes in economic or taxation policies, difficulties when enforcing obligations, decreased liquidity, and increased volatility. Foreign companies may be subject to less regulation resulting in less publicly available information about the companies.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Futures Risk</i>. A decision as to whether, when and how to use futures involves the exercise of skill and judgment and even a well-conceived futures transaction may be unsuccessful because of market behavior or unexpected events.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Large Capitalization Company Risk</i>. Larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in consumer tastes or innovative smaller competitors. Returns on investments in large capitalization companies could trail the returns on investments in smaller companies.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Leverage Risk</i>. Leverage exists when the Fund purchases or sells an instrument or enters into a transaction without investing cash in an amount equal to the full economic exposure of the instrument or transaction and the Fund could lose more than it invested. Leverage created from borrowing or certain types of transactions or instruments may impair the Fund&#8217;s liquidity, cause them to liquidate positions at an unfavorable time, increase volatility or otherwise not achieve their intended objective. </font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Management Risk</i>. The investment techniques and risk analysis used by the Fund&#8217;s portfolio managers may not produce the desired results. </font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Market Risk</i>. The prices of and the income generated by the Fund&#8217;s securities may decline in response to, among other things, investor sentiment, general economic and market conditions, regional or global instability, and currency and interest rate fluctuations. </font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Warrants Risk</i>. Warrants may be significantly less valuable on their relevant expiration date resulting in a loss of money or they may expire worthless resulting in a total loss of the investment. Warrants may also be postponed or terminated early resulting in a partial or total loss of the investment. Warrants may also be subject to illiquidity.</font> 2009-06-30 0.1955 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Worst Quarter</font> 2008-12-31 0 0.0077 246 -0.3659 0.0101 0.0101 0.0092 0.0077 0.0209 0.0009 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">As with any mutual fund investment, loss of money is a risk of investing.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangement, such as 401(k) plans or individual retirement accounts.</font> <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Investment Objective(s)</font></b> <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Fees and Expenses of the Fund</font></b> <font style="FONT-FAMILY: Arial, Helvetica" size="2"><b>Portfolio Turnover.</b></font> <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Principal Investment Strategies of the Fund</font></b> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in the securities of issuers principally engaged in the real estate industry and other real estate-related investments. The Fund will invest in both equity and debt securities. Equity securities include common and preferred stocks, convertible securities, rights and warrants to purchase common stock, depositary receipts and real estate investment trusts (REITs). Debt securities include corporate debt obligations and commercial mortgage-backed securities. A majority of the REITs in which the Fund invests are generally considered by the Adviser to be small- and mid-cap companies.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In complying with the 80% investment requirement, the Fund may include synthetic instruments that have economic characteristics similar to the Fund's direct investments that are counted toward the 80% investment requirement.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund is non-diversified, which means that it can invest a greater percentage of its assets in any one issuer than a diversified fund can.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It is the Fund's intention to invest at least 30% of its net assets in equity securities of issuers principally engaged in the real estate industry. The actual percentage of equity securities in the Fund's portfolio may vary over time based upon the portfolio managers' assessment of market conditions.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund considers an issuer to be principally engaged in the real estate industry if at least 50% of its assets, gross income or net profits are attributable to ownership, construction, financing, management or sale of residential, commercial or industrial real estate. Issuers in the real estate industry may include, but are not limited to, REITs that either own properties or make construction or mortgage loans, real estate developers, issuers with substantial real estate holdings, and other issuers whose products and services are related to the real estate industry. Other real estate related investments may include, but are not limited to, commercial or residential mortgage-backed securities, commercial property whole loans, and other types of equity and debt securities related to the real estate industry.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund may invest up to 30% of its net assets in non-investment grade securities including non-investment grade preferred stocks and convertible preferred securities and non-investment grade debt securities (commonly known as "junk bonds").<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund may engage in short sales of securities. A short sale occurs when the Fund sells a security, but does not deliver a security it owns when the sale settles. Instead, it borrows that security for delivery when the sale settles. The Fund may engage in short sales with respect to securities it owns (short sales against the box) or securities it does not own. Generally, the Fund will sell a security short to (1) take advantage of an expected decline in the security price in anticipation of purchasing the same security at a later date at a lower price, or (2) to protect a profit in a security that it owns (short sales against the box). The Fund will not sell a security short, if as a result of such short sale, the aggregate market value of all securities sold short exceeds 15% of the Fund's net assets.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund invests, under normal circumstances, in issuers in at least three different countries, including the U.S. The Fund may invest up to 20% of its total assets in issuers located in developing countries, i.e., those that are in the initial stages of their industrial cycles.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund may invest up to 15% of its net assets in illiquid securities.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The portfolio managers evaluate securities based primarily on the relative attractiveness of income with a secondary consideration for the potential for capital appreciation. When constructing the portfolio, the portfolio managers use a fundamentals-driven investment process, including an evaluation of factors such as property market cycle analysis, property evaluation and management and structure review to identify securities with: (i) attractive relative yields; (ii) favorable property market outlook; and (iii) reasonable valuations relative to peer investment alternatives. Specific factors that are evaluated in the investment process include: (i) forecasted occupancy and rental rates; (ii) property locations; (iii) underlying asset quality; (iv) management and issuer depth and skill; (v) alignment of interests, (e.g., share ownership by management); (vi) overall debt levels; (vii) fixed charge coverage and debt service capacity; (viii) dividend growth potential; and (ix) relative value and risk versus alternative investments. The fundamental research and pricing factors are combined to identify attractively priced securities with relatively favorable long-term prospects. The portfolio managers also consider the relative liquidity of each security in the construction of the Fund. The portfolio managers will consider selling a security if: (1) its relative yield and/or valuation deviates from desired levels, (2) its risk/return profile changes significantly, (3) its fundamentals change, or (4) a more attractive investment opportunity is identified.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In attempting to meet its investment objective, the Fund engages in active and frequent trading of portfolio securities.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are:<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Active Trading Risk. </i>The Fund engages in frequent trading of portfolio securities. Active trading results in added expenses and may result in a lower return and increased tax liability.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Concentration Risk. </i>To the extent the Fund invests a greater amount in any one sector or industry, the Fund's performance will depend to a greater extent on the overall condition of the sector or industry, and there is increased risk to the Fund if conditions adversely affect that sector or industry.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Credit Risk. </i>The issuer of instruments in which the Fund invests 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.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Currency/Exchange Rate Risk. </i>The dollar value of the Fund's foreign investments will be affected by changes in the exchange rates between the dollar and the currencies in which those investments are traded.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Debt Securities Risk. </i>The Fund may invest in debt securities that are affected by changing interest rates and changes in their effective maturities and credit quality.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Developing/Emerging Markets Securities Risk. </i>Securities issued by foreign companies and governments located in developing/emerging countries may be affected more negatively by inflation, devaluation of their currencies, higher transaction costs, delays in settlement, adverse political developments, the introduction of capital controls, withholding taxes, nationalization of private assets, expropriation, social unrest, war or lack of timely information than those in developed countries.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Foreign Securities Risk. </i>The Fund's foreign investments may be affected by changes in a foreign country's exchange rates, political and social instability, changes in economic or taxation policies, difficulties when enforcing obligations, decreased liquidity, and increased volatility. Foreign companies may be subject to less regulation resulting in less publicly available information about the companies.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>High Yield Bond (Junk Bond) Risk. </i>Junk bonds involve a greater risk of default or price changes due to changes in the credit quality of the issuer. The values of junk bonds fluctuate more than those of high-quality bonds in response to company, political, regulatory or economic developments. Values of junk bonds can decline significantly over short periods of time.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Interest Rate Risk. </i>Interest rate risk refers to the risk that bond prices generally fall as interest rates rise; conversely, bond prices generally rise as interest rates fall. Specific bonds differ in their sensitivity to changes in interest rates depending on their individual characteristics, including duration.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Liquidity Risk. </i>The Fund may hold illiquid securities that it may be unable to sell at the preferred time or price and could lose its entire investment in such securities.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Management Risk. </i>The investment techniques and risk analysis used by the Fund's portfolio managers may not produce the desired results.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Market Risk. </i>The prices of and the income generated by the Fund's securities may decline in response to, among other things, investor sentiment, general economic and market conditions, regional or global instability, and currency and interest rate fluctuations.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Mortgage- and Asset-Backed Securities Risk. </i>The Fund may invest in mortgage- and asset-backed securities that 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. Faster prepayments often happen when interest rates are falling. As a result, the Fund may reinvest these early payments at lower interest rates, thereby reducing the Fund's income. Conversely, when interest rates rise, prepayments may happen more slowly, causing the security to lengthen in duration. Longer duration securities tend to be more volatile. Securities may be prepaid at a price less than the original purchase value. An unexpectedly high rate of defaults on the mortgages held by a mortgage pool may adversely affect the value of mortgage-backed securities and could result in losses to the Fund. The risk of such defaults is generally higher in the case of mortgage pools that include subprime mortgages. Subprime mortgages refer to loans made to borrowers with weakened credit histories or with lower capacity to make timely payments on their mortgages.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Non-Diversification Risk. </i>The Fund is non-diversified and can invest a greater portion of its assets in a single issuer. A change in the value of the issuer could affect the value of the Fund more than if it was a diversified fund.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>REIT Risk/Real Estate Risk. </i>Investments in real estate related instruments may be affected by economic, legal, cultural, environmental or technological factors that affect property values, rents or occupancies of real estate related to the Fund's holdings. Real estate companies, including REITs or similar structures, tend to be small and mid cap companies, and their shares may be more volatile and less liquid. The value of investments in real estate related companies may be affected by the quality of management, the ability to repay loans, the utilization of leverage and financial covenants related thereto, whether the company carries adequate insurance and environmental factors. If a real estate related company defaults, the Fund may own real estate directly, which involves the following additional risks: environmental liabilities, difficulty in valuing and selling the real estate, and economic or regulatory changes.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Short Sales Risk. </i>Short sales may cause the Fund 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, the Fund's exposure is unlimited.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Small- and Mid-Capitalization Risks. </i>Stocks of small and mid-sized companies tend to be more vulnerable to adverse developments and may have little or no operating history or track record of success, and limited product lines, markets, management and financial resources. The securities of small and mid-sized companies may be more volatile due to less market interest and less publicly available information about the issuer. They also may be illiquid or restricted as to resale, or may trade less frequently and in smaller volumes, all of which may cause difficulty when establishing or closing a position at a desirable price.<br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Synthetic Securities Risk. </i>Fluctuations in the values of synthetic securities may not correlate perfectly with the instruments they are designed to replicate. Synthetic securities may be subject to interest rate changes, market price fluctuations, counterparty risk and liquidity risk.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">As with any mutual fund investment, loss of money is a risk of investing.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Non-Diversification Risk. </i>The Fund is non-diversified and can invest a greater portion of its assets in a single issuer. A change in the value of the issuer could affect the value of the Fund more than if it was a diversified fund.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 08pt;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 08pt;">Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangement, such as 401(k) plans or individual retirement accounts.</font> 0 2009-09-30 0.2434 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Worst Quarter</font> 2008-12-31 0.0019 61 -0.1554 -0.4028 -0.0063 -0.0063 -0.0089 -0.0008 0.0568 0.048 0.0478 0.0292 0.0629 0.0345 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are:</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Common Stocks.</i> In general, common stock values fluctuate, and sometimes widely fluctuate, in response to activities specific to the company as well as general market, economic and political conditions.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Derivatives.</i> A derivative instrument often has risks similar to its underlying instrument and may have additional risks, including imperfect correlation between the value of the derivative and the underlying instrument, risks of default by the other party to certain transactions, magnification of losses incurred due to changes in the market value of the securities, instruments, indices or interest rates to which they relate, and risks that the transactions may not be liquid. Certain derivative transactions may give rise to a form of leverage. Leverage magnifies the potential for gain and the risk of loss.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Futures.</i> A decision as to whether, when and how to use futures involves the exercise of skill and judgment and even a well conceived futures transaction may be unsuccessful because of market behavior or unexpected events.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Foreign Securities Risk.</i> The Fund&#8217;s foreign investments may be affected by changes in a foreign country&#8217;s exchange rates; political and social instability; changes in economic or taxation policies; difficulties when enforcing obligations; decreased liquidity; and increased volatility. Foreign companies may be subject to less regulation resulting in less publicly available information about the companies.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Depositary Receipts Risk.</i> Depositary receipts involve many of the same risks as those associated with direct investment in foreign securities. In addition, the underlying issuers of certain depositary receipts, particularly unsponsored or unregistered depositary receipts, are under no obligations to distribute shareholder communications to the holders of such receipts or to pass through to them any voting rights with respect to the deposited securities.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund invests in a diversified portfolio of common stocks represented in the Standard &amp; Poor&#8217;s<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> 500 Composite Stock Price Index (S&amp;P 500). The S&amp;P 500 is a well known stock market index that includes common stocks of 500 companies. The Fund generally invests in each stock included in the S&amp;P 500 in approximately equal proportions. This approach differs from the S&amp;P 500 because stocks in the S&amp;P 500 are represented in proportion to their market value or market capitalization. For example, the 50 largest companies in the S&amp;P 500 represent approximately 50% of the S&amp;P 500&#8217;s value; however, these same 50 companies represent roughly 10% of the Fund&#8217;s value. The Fund may invest in foreign securities represented in the S&amp;P 500, including depositary receipts.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund&#8217;s investment adviser, Invesco Advisers, Inc. (the Adviser), will adjust the Fund&#8217;s investment securities on a quarterly basis to maintain an approximately equal weighting of each S&amp;P 500 stock.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund will invest in derivative instruments, specifically futures contracts, including index futures, to seek exposure to certain asset classes. A futures contract is a standardized agreement between two parties to buy or sell a specific quantity of an underlying instrument at a specific price at a specific future time. The value of the futures contract tends to increase and decrease in tandem with the value of the underlying instrument. Futures contracts are bilateral agreements, with both the purchaser and the seller equally obligated to complete the transaction. Depending on the terms of the particular contract, futures contracts are settled through purchasing an offsetting contract, by physical delivery of the underlying instrument on the settlement date or by payment of a cash settlement amount on the settlement date.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">Standard &amp; Poor&#8217;s<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup>, S&amp;P<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup>, Standard &amp; Poor&#8217;s Equal Weight Index, S&amp;P EWI, S&amp;P 500<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup>, Standard &amp; Poor&#8217;s 500 and 500 are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by the Fund. The Fund is not sponsored, endorsed, sold or promoted by S&amp;P, and S&amp;P makes no representation regarding the advisability of investing in the Fund.</font> <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Investment Objective(s)</font></b> <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Fees and Expenses of the Fund</font></b> 0 0 0.0068 0.0066 218 211 <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Principal Investment Strategies of the Fund</font></b> <font style="FONT-FAMILY: Arial, Helvetica" size="2"><b>Portfolio Turnover.</b></font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">As with any mutual fund investment, loss of money is a risk of investing.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</font> 2009-06-30 0.2448 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Worst Quarter </font> 2008-12-31 0 0 0.004 0.0038 128 122 0.0425 0.0371 0.0364 0.0418 0.0389 0.0259 0.0292 -0.0172 2009-09-30 0.1331 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Worst Quarter</font> 2008-12-31 <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Investment Objective(s)</font></b> <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Fees and Expenses of the Fund</font></b> <font style="FONT-FAMILY: Arial, Helvetica" size="2"><b>Portfolio Turnover.</b></font> <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Principal Investment Strategies of the Fund</font></b> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">Under normal market conditions, Invesco Advisers, Inc. (the Adviser), the Fund&#8217;s investment adviser, seeks to achieve the Fund&#8217;s investment objective by investing primarily in common stocks and other equity securities of small companies that it believes have above-average potential for capital appreciation. Under current market conditions, the Adviser generally defines small companies by reference to those companies up to the capitalization range of companies represented in the Russell 2000<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Index for the past two years (which consists of companies up to the capitalization range of approximately $3.2 billion as of August 31, 2011). The Fund emphasizes a growth style of investing and focuses primarily on small companies.</font> <br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Under normal market conditions, the Fund invests at least 80% of its net assets (including any borrowings for investment purposes) in securities of small companies at the time of investment.</font> <br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;The Adviser uses a <font style="WHITE-SPACE: nowrap">bottom-up</font> stock selection process seeking attractive growth opportunities on an individual company basis. The Adviser believes that stock prices are driven by expected earnings growth, the expected long-term sustainability of that growth and the market&#8217;s valuation of those factors. Therefore, in selecting securities for investment, the Adviser seeks those companies that it believes are currently mispriced based on growth expectations and the sustainability of that growth in the market. The Adviser generally sells securities of a company when it believes the company&#8217;s growth potential, <font style="WHITE-SPACE: nowrap">and/or</font> the sustainability of that growth, flattens or declines.</font> <br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;The Fund may invest up to 25% of its total assets in securities of foreign issuers and may invest up to 10% of its total assets in real estate investment trusts (REITs).</font> <br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;The Fund may utilize derivative instruments, specifically futures contracts and forward currency contracts. The Fund will invest in futures contracts, including index futures, to seek exposure to certain asset classes. A futures contract is a standardized agreement between two parties to buy or sell a specific quantity of an underlying instrument at a specific price at a specific future time. The value of the futures contract tends to increase and decrease in tandem with the value of the underlying instrument. Futures contracts are bilateral agreements, with both the purchaser and the seller equally obligated to complete the transaction. Depending on the terms of the particular contract, futures contracts are settled through purchasing an offsetting contract, by physical delivery of the underlying instrument on the settlement date or by payment of a cash settlement amount on the settlement date.</font> <br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;The Fund may utilize forward currency contracts to mitigate the risk of foreign currency exposure. A forward currency contract is an agreement between parties to exchange a specified amount of currency at a specified future time at a specified rate. Forward currency contracts are used to protect against uncertainty in the level of future currency exchange rates or to gain or modify exposure to a particular currency. The Fund will use these contracts to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated.</font> <br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;In attempting to meet its investment objective, the Fund may engage in active and frequent trading of portfolio securities.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are:</font><br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <i>Market Risk.</i> Market risk is the possibility that the market values of securities owned by the Fund will decline. Investments in common stocks and other equity securities generally are affected by changes in the stock markets, which fluctuate substantially over time, sometimes suddenly and sharply.</font> <br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<i>Risks of Small Capitalization Companies.</i> Small capitalization companies often have less predictable earnings, more limited product lines, markets, distribution channels or financial resources and the management of such companies may be dependent upon one or few key people. The market movements of equity securities of small capitalization companies may be more abrupt and volatile than the market movements of equity securities of larger, more established companies or the stock market in general and are generally less liquid than the equity securities of larger companies.</font> <br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<i>Growth Investing Risk.</i> Investments in growth-oriented equity securities may have above-average volatility of price movement. The returns on growth securities may or may not move in tandem with the returns on other styles of investing or the overall stock markets.</font> <br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<i>Foreign Risks.</i> The risks of investing in securities of foreign issuers, including emerging market issuers, can include fluctuations in foreign currencies, foreign currency exchange controls, political and economic instability, differences in securities regulation and trading, and foreign taxation issues. </font><br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<i>Risks of Investing in REITs.</i> Investing in REITs makes the Fund more susceptible to risks associated with the ownership of real estate and with the real estate industry in general and may involve duplication of management fees and other expenses. REITs may be less diversified than other pools of securities, may have lower trading volumes and may be subject to more abrupt or erratic price movements than the overall securities markets.</font><br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<i>Risks of Derivatives.</i> Derivatives may be more difficult to purchase, sell or value than other investments and may be subject to market, interest rate, credit, leverage, counterparty and management risks. A fund investing in a derivative could lose more than the cash amount invested or incur higher taxes. Over-the-counter derivatives are also subject to counterparty risk, which is the risk that the other party to the contract will not fulfill its contractual obligation to complete the transaction with the Fund.</font><br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<i>Futures Risk.</i> A decision as to whether, when and how to use futures involves the exercise of skill and judgment and even a well-conceived futures transaction may be unsuccessful because of market behavior or unexpected events.</font><br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<i>Forward Currency Contracts Risk.</i> The use of forward contracts involves the risk of mismatching the Fund&#8217;s objectives under a forward contract with the value of securities denominated in a particular currency. Furthermore, such transactions reduce or preclude the opportunity for gain if the value of the currency should move in the direction opposite to the position taken. There is an additional risk to the effect that currency contracts create exposure to currencies in which the Fund&#8217;s securities are not denominated. Unanticipated changes in currency prices may result in poorer overall performance for the Fund than if it had not entered into such contracts.</font><br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<i>Active Trading Risk.</i> The Fund may engage in frequent trading of portfolio securities. Active trading results in added expenses and may result in a lower return and increased tax liability.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">As with any mutual fund investment, loss of money is a risk of investing.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 08pt;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 08pt;"> Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. </font<> 0 0 0.0086 0.0082 274 262 <font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2"><b>Investment Objective(s)</b></font> <font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2"><b>Fees and Expenses of the Fund</b></font> -0.2686 <font style="FONT-FAMILY: Arial, Helvetica" size="2"><b>Portfolio Turnover.</b></font> <font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2"><b>Principal Investment Strategies of the Fund</b></font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">Invesco Advisers, Inc. (the Adviser), the Fund&#8217;s investment adviser, seeks to achieve the Fund&#8217;s investment objectives by investing primarily in income-producing equity securities (including common stocks, preferred stocks and convertible securities) and investment grade quality debt securities. The Fund emphasizes a value style of investing, seeking well-established, undervalued companies that the Adviser believes offer the potential for income with safety of principal and long-term growth of capital. Portfolio securities are typically sold when the assessments of the Adviser of the income or growth potential of such securities materially change.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under normal market conditions, the Fund invests at least 65% of its total assets in income-producing equity securities. The Fund may invest up to 25% of its total assets in securities of foreign issuers. The Fund may invest up to 15% of its total assets in real estate investment trusts (REITs).</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund may utilize derivative instruments, specifically forward currency contracts, futures contracts and options. The Fund will utilize forward currency contracts to mitigate the risk of foreign currency exposure. A forward currency contract is an agreement between parties to exchange a specified amount of currency at a specified future time at a specified rate. Forward currency contracts are used to protect against uncertainty in the level of future currency exchange rates or to gain or modify exposure to a particular currency. The Fund will use these contracts to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund will invest in futures contracts to seek exposure to certain asset classes. A futures contract is a standardized agreement between two parties to buy or sell a specific quantity of an underlying instrument at a specific price at a specific future time. The value of the futures contract tends to increase and decrease in tandem with the value of the underlying instrument. Futures contracts are bilateral agreements, with both the purchaser and the seller equally obligated to complete the transaction. Depending on the terms of the particular contract, futures contracts are settled through either physical delivery of the underlying instrument on the settlement date or by payment of a cash settlement amount on the settlement date.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund will invest in options to seek alpha or to mitigate risk. An option is a derivative financial instrument that specifies a contract between two parties for a future transaction on an asset at a reference price. The buyer of the option gains the right, but not the obligation, to engage in that transaction, while the seller incurs the corresponding obligation to fulfill the transaction. The price of an option derives from the difference between the reference price and the value of the underlying asset (commonly a stock, a bond, a currency or a futures contract) plus a premium based on the time remaining until the expiration of the option. Other types of options exist, and options can in principle be created for any type of valuable asset.</font> -0.3578 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are:</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Market Risk.</i> Market risk is the possibility that the market values of securities owned by the Fund will decline. Market risk may affect a single issuer, industry, sector of the economy or the market as a whole. The securities of small- and medium-sized companies are subject to more abrupt or erratic market movements and may have lower trading volumes or more erratic trading than securities of larger companies or the market averages in general. Investments in debt securities generally are affected by changes in interest rates and the creditworthiness of the issuer. The prices of such securities tend to fall as interest rates rise, and such declines tend to be greater among securities with longer maturities. The value of a convertible security tends to decline as interest rates rise and, because of the conversion feature, tends to vary with fluctuations in the market value of the underlying equity security.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Income Risk.</i> The ability of the Fund&#8217;s equity securities to generate income generally depends on the earnings and the continuing declaration of dividends by the issuers of such securities. The interest income on debt securities generally is affected by prevailing interest rates, which can vary widely over the short- and long-term. If dividends are reduced or discontinued or interest rates drop, distributions to shareholders from the Fund may drop as well.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Call Risk.</i> If interest rates fall, it is possible that issuers of callable securities held by the Fund will call or prepay their securities before their maturity dates. In this event, the proceeds from the called securities would most likely be reinvested by the Fund in securities bearing the new, lower interest rates, resulting in a possible decline in the Fund&#8217;s income and distributions to shareholders and termination of any conversion option on convertible securities.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Credit Risk.</i> Credit risk refers to an issuer&#8217;s ability to make timely payments of interest and principal. Because the Fund generally invests only in investment grade-quality debt securities, it is subject to a lower level of credit risk than a fund investing in lower-quality securities.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Foreign Risks.</i> The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, foreign currency exchange controls, political and economic instability, differences in financial reporting, differences in securities regulation and trading, and foreign taxation issues. The Fund may also invest in issuers in developing or emerging market countries, which are subject to greater risks than investments in securities of issuers in developed countries.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Risks of Investing in REITs.</i> Investing in REITs makes the Fund more susceptible to risks associated with the ownership of real estate and with the real estate industry in general and may involve duplication of management fees and certain other expenses. In addition, REITs depend upon specialized management skills, may less diversified, may have lower trading volume, and may be subject to more abrupt or erratic price movements than the overall securities markets.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Value Investing.</i> The Fund emphasizes a value style of investing. The Fund&#8217;s investment style presents the risk that the valuations may never improve or that the returns on value securities may be less than the returns on other styles of investing or the overall stock market. Different types of stocks tend to shift in and out of favor depending on market and economic conditions. Thus, the value of the Fund&#8217;s investments will vary and at times may be lower or higher than that of other types of investments.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Risks of Derivatives.</i> Risks of derivatives include the possible imperfect correlation between the value of the instruments and the underlying assets; risks of default by the other party to certain transactions; risks that the transactions may result in losses that partially or completely offset gains in portfolio positions; and risks that the transactions may not be liquid.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Forward Currency Contracts.</i> The use of forward contracts involves the risk of mismatching the Fund&#8217;s objectives under a forward contract with the value of securities denominated in a particular currency. Furthermore, such transactions reduce or preclude the opportunity for gain if the value of the currency should move in the direction opposite to the position taken. There is an additional risk to the effect that currency contracts create exposure to currencies in which the Fund&#8217;s securities are not denominated. Unanticipated changes in currency prices may result in poorer overall performance for the Fund than if it had not entered into such contracts.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Futures Risk.</i> A decision as to whether, when and how to use futures involves the exercise of skill and judgment and even a well conceived futures transaction may be unsuccessful because of market behavior or unexpected events.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Options Risk.</i> A decision as to whether, when and how to use options involves the exercise of skill and judgment and even a well conceived option transaction may be unsuccessful because of market behavior or unexpected events. The prices of options can be highly volatile and the use of options can lower total returns.</font> -0.0338 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">As with any mutual fund investment, loss of money is a risk of investing.</font> 2003-06-30 0.1882 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 08pt;">Worst Quarter</font> 2011-09-30 0.0562 0.0526 0.0483 0.0562 0.0448 0.0292 0.0365 <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Investment Objective(s)</font></b> <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Fees and Expenses of the Fund</font></b> <font style="FONT-FAMILY: Arial, Helvetica" size="2"><b>Portfolio Turnover.</b></font> <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Principal Investment Strategies of the Fund</font></b> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">Under normal market conditions, Invesco Advisers, Inc. (the Adviser), the Fund&#8217;s investment adviser, seeks to achieve the Fund&#8217;s investment objective by investing primarily in equity securities of U.S. issuers that, in its judgment, have, among other things, growth potential. Equity securities in which the Fund invests are common stock, preferred stock, convertible securities, warrants or rights to purchase equity securities and depositary receipts. </font> <br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Fund focuses on large-capitalization companies, but invests from time to time in mid-capitalization companies. </font> <br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities of U.S. issuers at the time of investment. The Fund deems an issuer to be a U.S. issuer if (i) its principal securities trading market (i.e., a U.S. stock exchange, NASDAQ or <font style="WHITE-SPACE: nowrap">over-the-counter</font> markets) is in the U.S.; (ii) alone or on a consolidated basis it derives 50% or more of its annual revenue from either goods produced, sales made or services performed in the U.S.; or (iii) it is organized under the laws of, or has a principal office in the U.S. </font> <br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Fund may invest up to 20% of its total assets in securities of foreign issuers. The Fund may also invest in exchange-traded funds. </font> <br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Adviser utilizes a <font style="WHITE-SPACE: nowrap">bottom-up</font> stock selection process designed to produce alpha, and a disciplined portfolio construction process designed to manage risk. To narrow the investment universe, the Adviser uses a holistic approach that emphasizes fundamental research and, to a lesser extent, includes quantitative analysis. The Adviser then closely examines company fundamentals including detailed modeling of all of a company&#8217;s financial statements, as well as discussions with company management teams, suppliers, distributors, competitors and customers. The Adviser utilizes a variety of valuation techniques based on the company in question, the industry in which the company operates, the stage of the business cycle, and other factors that best reflect a company&#8217;s value. The Adviser seeks to invest in companies with strong or improving fundamentals, attractive valuation relative to growth prospects and earning expectations that appear fair to conservative. </font> <br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Adviser considers whether to sell a particular security when a company hits the price target, a company&#8217;s fundamentals deteriorate or the catalysts for growth are no longer present or reflected in the stock price. </font> <br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In attempting to meet its investment objective, the Fund may engage in active and frequent trading of portfolio securities. </font><br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Fund may utilize derivative instruments, specifically forward currency contracts, to mitigate the risk of foreign currency exposure. A forward currency contract is an agreement between parties to exchange a specified amount of currency at a specified future time at a specified rate. Forward currency contracts are used to protect against uncertainty in the level of future currency exchange rates or to gain or modify exposure to a particular currency. The Fund will use these contracts to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated.<br /><br /> </font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are:</font> <br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <i>Active Trading Risk.</i> The Fund may engage in frequent trading of portfolio securities. Active trading results in added expenses and may result in a lower return and increased tax liability.</font> <br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <i>Market Risk.</i> Market risk is the possibility that the market values of securities owned by the Fund will decline. Investments in common stocks and other equity securities generally are affected by changes in the stock markets which fluctuate substantially over time, sometimes suddenly and sharply. The value of a convertible security tends to decline as interest rates rise and, because of the conversion feature, tends to vary with fluctuations in the market value of the underlying equity security.</font> <br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;<i>Foreign Risks.</i> The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, foreign currency exchange controls, political and economic instability, differences in financial reporting, differences in securities regulation and trading, and foreign taxation issues.</font> <br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <i>Medium and Large-Sized Companies.</i> The securities of medium-sized companies may be subject to more abrupt or erratic market movements than securities of larger-sized companies or the market averages in general. In addition, such companies typically are subject to a greater degree of change in earnings and business prospects than are larger companies. Thus, to the extent the Fund invests in medium-sized companies, the Fund may be subject to greater investment risk than that assumed through investment in the equity securities of larger-sized companies. </font> <br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <i>Risks of Using Derivative Instruments.</i> Risks of derivatives include the possible imperfect correlation between the value of the instruments and the underlying assets; risks of default by the other party to the transaction; risks that the transaction may result in losses that partially or completely offset gains in portfolio positions; and risks that the transactions may not be liquid. </font> <br /><br/> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <i>Forward Currency Contracts Risk. </i>The use of forward contracts involves the risk of mismatching the Fund&#8217;s objectives under a forward contract with the value of securities denominated in a particular currency. Furthermore, such transactions reduce or preclude the opportunity for gain if the value of the currency should move in the direction opposite to the position taken. There is an additional risk to the effect that currency contracts create exposure to currencies in which the Fund&#8217;s securities are not denominated. Unanticipated changes in currency prices may result in poorer overall performance for the Fund than if it had not entered into such contracts. </font> <br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <i>Exchange-Traded Funds Risk.</i> An investment by the Fund in ETFs generally presents the same primary risks as an investment in a mutual fund. In addition, ETFs may be subject to the following: (1) a discount of the ETFs shares to its net asset value; (2) failure to develop an active trading market for the ETFs shares; (3) the listing exchange halting trading of the ETFs shares; (4) failure of the ETFs shares to track the referenced index; and (5) holding troubled securities in the referenced index. ETFs may involve duplication of management fees and certain other expenses, as the Fund indirectly bears its proportionate share of any expenses paid by the ETFs in which it invests. Further, certain of the ETFs in which each Fund may invest are leveraged. The more a Fund invests in such leveraged ETFs, the more this leverage will magnify any losses on those investments. </font> <br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <i>Management Risk.</i> As with any managed fund, the Adviser may not be successful in selecting the best-performing securities or investment techniques, and the Fund&#8217;s performance may lag behind that of similar funds.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">As with any mutual fund investment, loss of money is a risk of investing.</font> -0.0651 2011-12-31 0.068 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Worst Quarter</font> 2011-09-30 2011-12-31 0.0882 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Worst Quarter</font> 2011-09-30 0 0 <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Investment Objective(s) </font></b> <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Fees and Expenses of the Fund </font></b> <font style="FONT-FAMILY: Arial, Helvetica" size="2"><b>Portfolio Turnover.</b></font> 0.0039 0.0037 <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Principal Investment Strategies of the Fund</font></b> 125 119 0.0499 0.042 0.0408 0.0492 0.0389 0.0585 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">As with any mutual fund investment, loss of money is a risk of investing.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are:</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">Investors who need a more assured level of current income should be aware that the Fund&#8217;s income will fluctuate and that seeking income is only a part of the Fund&#8217;s overall investment objective. Similarly, investors who seek only long-term growth should be aware that the Fund seeks to generate income and that long-term growth of capital is only a part of the Fund&#8217;s overall investment objective.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Market Risk.</i> Market risk is the possibility that the market values of securities owned by the Fund will decline. Market risk may affect a single issuer, industry, sector of the economy or the market as a whole. Investments in equity securities generally are affected by changes in the stock markets which fluctuate substantially over time, sometimes suddenly and sharply. Small or medium-sized companies are often subject to more abrupt or erratic market movements than securities of larger, more established companies or the market averages in general. The ability of the Fund&#8217;s portfolio holdings to generate income is dependent on the earnings and the continuing declaration of dividends by the issuers of such securities. The values of income-producing equity securities may or may not fluctuate in tandem with overall changes in the stock markets. The Fund&#8217;s investments in other fixed income or debt securities generally are affected by changes in interest rates and the creditworthiness of the issuer. The market prices of such securities tend to fall as interest rates rise, and such declines may be greater among securities with longer maturities. The values of convertible securities tend to decline as interest rates rise and, because of the conversion feature, tend to vary with fluctuations in the market value of the underlying equity security.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Foreign Risks.</i> The risks of investing in securities of foreign issuers, including emerging markets issuers, can include fluctuations in foreign currencies, foreign currency exchange controls, political and economic instability, differences in financial reporting, differences in securities regulation and trading, and foreign taxation issues.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Forward Currency Contracts.</i> The use of forward contracts involves the risk of mismatching the Fund&#8217;s objectives under a forward contract with the value of securities denominated in a particular currency. Furthermore, such transactions reduce or preclude the opportunity for gain if the value of the currency should move in the direction opposite to the position taken. There is an additional risk to the effect that currency contracts create exposure to currencies in which the Fund&#8217;s securities are not denominated. Unanticipated changes in currency prices may result in poorer overall performance for the Fund than if it had not entered into such contracts.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Futures Risk.</i> A decision as to whether, when and how to use futures involves the exercise of skill and judgment and even a well conceived futures transaction may be unsuccessful because of market behavior or unexpected events.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Options Risk.</i> A decision as to whether, when and how to use options involves the exercise of skill and judgment and even a well conceived option transaction may be unsuccessful because of market behavior or unexpected events. The prices of options can be highly volatile and the use of options can lower total returns.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Risks of Investing in REITs.</i> Investing in REITs makes the Fund more susceptible to risks associated with the ownership of real estate and with the real estate industry in general and may involve duplication of management fees and certain other expenses. In addition, REITs depend upon specialized management skills, may not be diversified, may have less trading volume, and may be subject to more abrupt or erratic price movements than the overall securities markets.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Risks of Derivatives.</i> Risks of derivatives include the possible imperfect correlation between the value of the instruments and the underlying assets; risks of default by the other party to certain transactions; risks that the transactions may result in losses that partially or completely offset gains in portfolio positions; and risks that the transactions may not be liquid.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Value Investing Style.</i> The Fund emphasizes a value style of investing, which focuses on undervalued companies with characteristics for improved valuations. This style of investing is subject to the risk that the valuations never improve or that the returns on value equity securities are less than returns on other styles of investing or the overall stock market. Value stocks also may decline in price, even though in theory they are already underpriced.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">Under normal market conditions, Invesco Advisers, Inc. (the Adviser), the Fund&#8217;s investment adviser, seeks to achieve the Fund&#8217;s investment objective by investing primarily in a portfolio of income-producing equity securities. Income-producing equity securities are common stocks and convertible securities (although investments are also made in non-convertible preferred stocks and debt securities). In selecting securities for investment, the Fund focuses primarily on the security&#8217;s potential for income and capital growth. The Adviser may invest to a larger degree in larger capitalization (or large cap) companies which it believes possess characteristics for improved valuation. Although the Fund may invest to a larger degree in larger capitalization companies, the Fund may invest in securities of small or medium-sized companies. Portfolio securities are typically sold when the assessments of the Adviser of the income and growth potential for such securities materially change. Under current market conditions, the Adviser generally defines large capitalization companies by reference to those companies with capitalizations within or above those companies represented in the Russell 1000<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Index. Russell 1000<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: text-top">&#174;</sup> Value Index. As of August 31, 2011, these market capitalizations ranged between $468 million and $360 billion.</font><br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund may invest up to 25% of its total assets in securities of foreign issuers. The Fund may invest up to 15% of its total assets in real estate investment trusts (REITs).</font><br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund may utilize derivative instruments, specifically forward currency contracts, futures contracts and options. The Fund will utilize forward currency contracts to mitigate the risk of foreign currency exposure. A forward currency contract is an agreement between parties to exchange a specified amount of currency at a specified future time at a specified rate. Forward currency contracts are used to protect against uncertainty in the level of future foreign currency exchange rates or to gain or modify exposure to a particular currency. The Fund will use these contracts to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated.</font><br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund will invest in futures contracts to seek exposure to certain asset classes. A futures contract is a standardized agreement between two parties to buy or sell a specific quantity of an underlying instrument at a specific price at a specific future time. The value of the futures contract tends to increase and decrease in tandem with the value of the underlying instrument. Futures contracts are bilateral agreements, with both the purchaser and the seller equally obligated to complete the transaction. Depending on the terms of the particular contract, futures contracts are settled through either physical delivery of the underlying instrument on the settlement date or by payment of a cash settlement amount on the settlement date.</font><br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund will invest in options to seek alpha or to mitigate risk. An option is a derivative financial instrument that specifies a contract between two parties for a future transaction on an asset at a reference price. The buyer of the option gains the right, but not the obligation, to engage in that transaction, while the seller incurs the corresponding obligation to fulfill the transaction. The price of an option derives from the difference between the reference price and the value of the underlying asset (commonly a stock, a bond, a currency or a futures contract) plus a premium based on the time remaining until the expiration of the option. Other types of options exist, and options can in principle be created for any type of valuable asset.</font> -0.0078 2011-12-31 0.122 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Worst Quarter</font> 2011-09-30 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"><i>Non-Diversification Risk</i>. The Fund is non-diversified and can invest a greater portion of its assets in a single issuer. A change in the value of the issuer could affect the value of the Fund more than if it was a diversified fund.</font> 2012-09-24 2012-09-24 false 0.0045 0.0045 0 0 0.0021 0.0021 0.005 0.005 791 791 0.0732 0.0551 0.0521 0.0709 0.0736 0.0933 0.0692 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund&#8217;s investment objective is total return, comprised of current income and capital appreciation.</font> <b><font style="FONT-FAMILY: Arial, Helvetica; COLOR: #1e1c77; FONT-SIZE: 10pt;">Principal Risks of Investing in the Fund</font></b> <b><font style="FONT-FAMILY: Arial, Helvetica; COLOR: #1e1c77; FONT-SIZE: 10pt;">Performance Information</font></b> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund&#8217;s performance to that of a broad-based/style specific securities market benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of its future performance. Updated performance information is available on the Fund&#8217;s Web site at www.invesco.com/us.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Annual Total Returns</b></font> 1.38 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of its future performance.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Class R5 shares year-to-date</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Best Quarter</font> -0.0093 <div style="display:none">~ http://www.invesco.com/role/ScheduleExpenseExampleTransposedINVESCOCOREPLUSBONDFUND column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleAverageAnnualTotalReturnsTransposedINVESCOCOREPLUSBONDFUND column period compact * ~</div> 0.0063 0.0063 0 0 0.0006 0.0006 859 859 0.0129 0.4799 0.1091 0.0238 0.0071 0.002 0.0203 0.065 0.0332 0.0194 0.0136 0.0039 0.0325 0 -0.0237 0.03 -0.0613 0.0675 0.0596 0.096 0.094 0.041 0.0898 0.074 <div style="display:none">~ http://www.invesco.com/role/ScheduleExpenseExampleTransposedInvescoFloatingRateFund column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleAverageAnnualTotalReturnsTransposedInvescoFloatingRateFund column period compact * ~</div> 0.348 0.192 1120 1190 0.0075 0.0075 0 0 0.0021 0.0015 0.0001 0.0001 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund&#8217;s investment objective is total return, comprised of current income and capital appreciation.</font> <font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2"><b>Principal Risks of Investing in the Fund</b></font> <font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2"><b>Performance Information</b></font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">Prior to April 13, 2006, the Fund operated as a closed-end fund (Closed-End Fund). The Closed-End Fund commenced operations on May 1, 1997, and had the same investment objectives and substantially similar investment policies as the Fund. On April 13, 2006, the Closed-End Fund was reorganized as an open-end fund through a transfer of all of its assets and liabilities to the Fund. The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund&#8217;s performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of its future performance. Updated performance information is available on the Fund&#8217;s Web site at www.invesco.com/us. </font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Annual Total Returns</b></font> 1.52 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of its future performance. </font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund&#8217;s investment objective is long-term growth of capital.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Class R5 shares year-to-date</font> <font style="FONT-FAMILY: Arial, Helvetica; COLOR: #1e1c77; FONT-SIZE: 10pt;"><b>Principal Risks of Investing in the Fund</b></font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Best Quarter</font> <font style="FONT-FAMILY: Arial, Helvetica; COLOR: #1e1c77; FONT-SIZE: 10pt;"><b>Performance Information</b></font> -0.2712 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund&#8217;s performance to that of a broad-based/style specific securities market benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of its future performance. Updated performance information is available on the Fund&#8217;s Web site at www.invesco.com/us.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Annual Total Returns</b></font> 0.006 0 0.0017 954 0.06 0.2156 0.0897 -0.0283 -0.0025 -0.0192 -0.006 -0.0001 -0.0074 -0.0016 0.0163 0.0096 -0.021 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of its future performance.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund's investment objective is current income</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">and, secondarily, capital appreciation.</font> 1.25 <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Principal Risks of Investing in the Fund</font></b> <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Performance Information</font></b> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">Prior to March 12, 2007, the Fund operated as a closed-end fund (Closed-End Fund). The Closed-End Fund commenced operations on May 31, 2002, and had the same investment objective and substantially similar investment policies as the Fund. On March 12, 2007, the Closed-End Fund was reorganized as an open-end fund through a transfer of all of its assets and liabilities to the Fund. The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund's performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. The Fund's past performance (before and after taxes) is not necessarily an indication of its future performance. Updated performance information is available on the Fund's Web site at www.invesco.com/us.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Annual Total Returns</b></font> <div style="display:none">~ http://www.invesco.com/role/ScheduleExpenseExampleTransposedInvescoUSQuantitativeCoreFund column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleAverageAnnualTotalReturnsTransposedInvescoUSQuantitativeCoreFund column period compact * ~</div> 1.01 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund's past performance (before and after taxes) is not necessarily an indication of its future performance.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Class R5 shares year-to-date</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Best Quarter</font> -0.2658 0.0012 0 0.0007 243 0.1603 0.0745 0.1517 0.0114 0.4438 0.2121 <div style="display:none">~ http://www.invesco.com/role/ScheduleExpenseExampleTransposedInvescoGlobalRealEstateIncomeFund column period compact * ~</div> 0.0209 -0.0011 -0.0281 0.0099 -0.0009 0.0059 -0.0025 0.0175 -0.0032 <div style="display:none">~ http://www.invesco.com/role/ScheduleExpenseExampleTransposedINVESCOEQUALLYWEIGHTEDSP500FUND column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleAverageAnnualTotalReturnsTransposedINVESCOEQUALLYWEIGHTEDSP500FUND column period compact * ~</div> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund&#8217;s investment objective is to achieve a high level of total return on its assets through a combination of capital appreciation and current income.</font> 0.0061 0.0061 0 0 0.0007 0.0005 847 822 -0.0651 -0.0666 -0.0403 -0.0685 0.0209 0.0264 -0.029 0.0102 0.0066 0.0084 0.0094 -0.0025 0.025 0.0085 <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Principal Risks of Investing in the Fund</b></font> 0.036 0.0391 0.0335 0.0384 0.0297 0.0439 0.0272 <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Performance Information</font></b> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund&#8217;s performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. The Fund&#8217;s and the Morgan Stanley Equally-Weighted S&amp;P 500 Fund&#8217;s (the predecessor fund&#8217;s) past performance (before and after taxes) is not necessarily an indication of its future performance. <br/><br/></font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">Class R6 shares of the Fund have less than a calendar year of performance; therefore, the returns shown are those of the Fund&#8217;s (and the predecessor fund&#8217;s) Class A shares, which are not offered in this prospectus. Class R6 shares would have different returns from the predecessor fund because, although the shares are invested in the same portfolio of securities, Class R6 shares have different expenses. The predecessor fund was advised by Morgan Stanley Investment Advisors Inc.</font><br/><br/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">Updated performance information is available on the Fund&#8217;s Web site at www.invesco.com/us.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Annual Total Returns</b></font> 0.22 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. </font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund&#8217;s and the Morgan Stanley Equally-Weighted S&amp;P 500 Fund&#8217;s (the predecessor fund&#8217;s) past performance (before and after taxes) is not necessarily an indication of its future performance.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The bar chart does not reflect sales loads. If it did, the annual total returns shown would be lower. </font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">After-tax returns are shown for Class R6 shares only and after-tax returns for other classes will vary.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Class A shares year-to-date</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Best Quarter </font> -0.2654 0.0036 0.0036 0 0 0.0004 0.0002 505 480 -0.0172 -0.0198 -0.0078 -0.0209 0.0039 -0.0217 0.0209 -0.0083 -0.0122 -0.0071 -0.0096 -0.0264 -0.0226 -0.0025 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"> The Fund&#8217;s investment objective is to seek capital appreciation.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Class R5 shares year-to-date</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Best Quarter</font> -0.1847 <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Principal Risks of Investing in the Fund</font></b> <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Performance Information</font></b> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund&#8217;s performance to that of a broad-based securities market benchmark, a style-specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. The Fund&#8217;s and Van Kampen Small Cap Growth Fund&#8217;s (the predecessor fund&#8217;s) past performance (before and after taxes) is not necessarily an indication of its future performance. </font><br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Class R5 and Class R6 shares of the Fund have less than a calendar year of performance; therefore, the returns shown are those of the Fund&#8217;s (and the predecessor fund&#8217;s) Class A shares, which are not offered in this prospectus. Class R5 and Class R6 shares would have different returns from the predecessor fund because, although the shares are invested in the same portfolio of securities, Class R5 and Class R6 shares have different expenses. The predecessor fund was advised by Van Kampen Asset Management. </font><br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Updated performance information is available on the Fund&#8217;s Web site at www.invesco.com/us. </font> <b><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Annual Total Returns</font></b> 1.14 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund&#8217;s and Van Kampen Small Cap Growth Fund&#8217;s (the predecessor fund&#8217;s) past performance (before and after taxes) is not necessarily an indication of its future performance. </font> 0.0076 0.0076 0 0 0.0006 0.001 1061 1014 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund&#8217;s investment objective is to seek the highest possible income consistent with safety of principal.</font> 0.2179 0.1287 0.1281 0.2118 <font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2"><b>Principal Risks of Investing in the Fund</b></font> 0.1761 <font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2"><b>Performance Information</b></font> 0.2391 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund&#8217;s performance to that of a broad-based securities market benchmark and a style specific benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. The Fund&#8217;s and the Van Kampen Equity and Income Fund&#8217;s (the predecessor fund&#8217;s) past performance (before and after taxes) is not necessarily an indication of its future performance.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The returns for Class R5 shown prior to June 1, 2010 are those of the Class A shares of the predecessor fund. Class R6 shares of the Fund have less than a calendar year of performance; therefore, the returns shown are those of the Fund&#8217;s (and predecessor fund&#8217;s) Class A shares, which are not offered in this prospectus. The predecessor fund was advised by Van Kampen Asset Management. Class R5 and Class R6 shares&#8217; returns of the Fund will be different from the predecessor fund as they have different expenses. <font style="WHITE-SPACE: nowrap">Year-to-date</font> returns include returns of the Fund for periods ending on and after June 1, 2010.</font><br/><br/><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Updated performance information is available on the Fund&#8217;s Web site at www.invesco.com/us.</font> <font style="FONT-FAMILY: Arial, Helvetica; size="2"><b>Annual Total Returns</b></font> 0.22 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund&#8217;s and the Van Kampen Equity and Income Fund&#8217;s (the predecessor fund&#8217;s) past performance (before and after taxes) is not necessarily an indication of its future performance.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 08pt;">Class A shares year-to-date </font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 08pt;">Best Quarter</font> -0.2276 -0.0338 0.0545 0.0081 -0.0338 -0.0291 0.0209 -0.034 0.0185 0.0116 0.014 0.0185 0.0209 -0.0025 0.0114 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund&#8217;s investment objective is to seek long-term capital appreciation.</font> <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Principal Risks of Investing in the Fund</font></b> <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Performance Information</font></b> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund&#8217;s performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. The Fund&#8217;s and the Van Kampen American Franchise Fund&#8217;s (the predecessor fund&#8217;s) past performance (before and after taxes) is not necessarily an indication of its future performance.</font><br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The returns for Class R5 shown prior to June 1, 2010 are those of the Class A shares of the predecessor fund. Class R6 shares of the Fund have less than a calendar year of performance; therefore, the returns shown are those of the Fund&#8217;s (and predecessor fund&#8217;s) Class A shares, which are not offered in this prospectus. The predecessor fund was advised by Van Kampen Asset Management. Class R5 and Class R6 shares&#8217; returns of the Fund will be different from the predecessor fund as they have different expenses. Year-to-date returns include returns of the Fund for periods ending on and after June 1, 2010.</font><br /><br /><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Updated performance information is available on the Fund&#8217;s Web site at www.invesco.com/us.</font> <b><font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Annual Total Returns</b></font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund&#8217;s and the Van Kampen American Franchise Fund&#8217;s (the predecessor fund&#8217;s) past performance (before and after taxes) is not necessarily an indication of its future performance.</font> 1.79 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</font> <div style="display:none">~ http://www.invesco.com/role/ScheduleAverageAnnualTotalReturnsTransposedInvescoGlobalRealEstateIncomeFund column period compact * ~</div> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Class R5 shares year-to-date</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Best Quarter</font> -0.1706 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Class R5 shares year-to-date</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Best Quarter</font> -0.1269 <div style="display:none">~ http://www.invesco.com/role/ScheduleExpenseExampleTransposedINVESCOAMERICANFRANCHISEFUND column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleAverageAnnualTotalReturnsTransposedINVESCOAMERICANFRANCHISEFUND column period compact * ~</div> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund&#8217;s investment objective is to seek income and long-term growth of capital.</font> 0.0035 0.0035 0 0 0.0004 0.0002 <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Principal Risks of Investing in the Fund</font></b> <b><font style="FONT-FAMILY: Arial, Helvetica; color: #1e1c77 " size="2">Performance Information</font></b> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;"><b>Annual Total Returns</b></font> <div style="display:none">~ http://www.invesco.com/role/ScheduleExpenseExampleTransposedINVESCOSMALLCAPDISCOVERYFUND column period compact * ~</div> 0.23 493 468 -0.0078 -0.0124 -0.0013 -0.0123 0.0039 0.0874 0.014 0.0077 0.0102 0.0127 -0.0264 0.0655 <div style="display:none">~ http://www.invesco.com/role/ScheduleAverageAnnualTotalReturnsTransposedINVESCOSMALLCAPDISCOVERYFUND column period compact * ~</div> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund&#8217;s and Van Kampen Growth and Income Fund&#8217;s (the predecessor fund&#8217;s) past performance (before and after taxes) is not necessarily an indication of its future performance. </font> <div style="display:none">~ http://www.invesco.com/role/ScheduleExpenseExampleTransposedINVESCOEQUITYANDINCOMEFUND column period compact * ~</div> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund&#8217;s performance to that of a broad-based securities market benchmark, a style specific benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund. The Fund&#8217;s and Van Kampen Growth and Income Fund&#8217;s (the predecessor fund&#8217;s) past performance (before and after taxes) is not necessarily an indication of its future performance. <br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The returns for Class R5 shown prior to June 1, 2010 are those of the Class A shares of the predecessor fund. Class R6 shares of the Fund have less than a calendar year of performance; therefore, the returns shown are those of the Fund&#8217;s (and predecessor fund&#8217;s) Class A shares, which are not offered in this prospectus. The predecessor fund was advised by Van Kampen Asset Management. Class R5 and Class R6 shares&#8217; returns of the Fund will be different from the predecessor fund as they have different expenses. <br /><br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Updated performance information is available on the Fund&#8217;s Web site at <font style="WHITE-SPACE: nowrap">www.invesco.com/us.</font></font> <div style="display:none">~ http://www.invesco.com/role/ScheduleAverageAnnualTotalReturnsTransposedINVESCOEQUITYANDINCOMEFUND column period compact * ~</div> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Class R5 shares year-to-date</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 8pt;">Best Quarter</font> -0.1639 <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in the securities of issuers principally engaged in the real estate industry and other real estate-related investments.</font> <div style="display:none">~ http://www.invesco.com/role/ScheduleExpenseExampleTransposedINVESCOGROWTHANDINCOMEFUND column period compact * ~</div> <div style="display:none">~ http://www.invesco.com/role/ScheduleAverageAnnualTotalReturnsTransposedINVESCOGROWTHANDINCOMEFUND column period compact * ~</div> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">The bar chart does not reflect sales loads. If it did the annual total returns shown would be lower. </font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">After-tax returns are shown for Class A shares only and after-tax returns for other classes will vary.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;">Long-term growth of capital is an important secondary investment objective.</font> <font style="FONT-FAMILY: Arial, Helvetica; FONT-SIZE: 10pt;"> An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.</font> Class R6 shares' performance shown prior to the inception date is that of the Class A shares, and includes the 12b-1 fees applicable to Class A shares. Class A shares' performance reflects any applicable fee waivers and/or expense reimbursements. The inception date of the Fund's Class A shares is June 3, 2009. "Other Expenses" and "Total Annual Fund Operating Expenses" for Class R6 are based on estimated amounts for the current fiscal year. Invesco Advisers, Inc. (Invesco or the Adviser) has contractually agreed, through at least June 30, 2013 to waive advisory fees and/or reimburse expenses of all shares to the extent necessary to limit Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement (excluding certain items discussed in the SAI) of each of Class R5 and Class R6 shares to 0.50% of average daily net assets. Unless the Board of Trustees and Invesco mutually agree to amend or continue the fee waiver agreement, it will terminate on June 30, 2013. "Other Expenses," "Total Other Expenses" and "Total Annual Fund Operating Expenses" for Class R6 are based on estimated amounts for the current fiscal year. Class R5 and Class R6 shares' performance shown prior to the inception date is that of Class A shares, restated to reflect the higher 12b-1 fees applicable to Class A shares. Class A shares' performance reflects any applicable fee waivers or expense reimbursements. The inception date of the Class A shares is May 31, 2002. Class R5 and Class R6 shares' performance shown prior to the inception date is that of Class A shares and includes the 12b-1 fees applicable to Class A shares. Class A shares' performance reflects any applicable fee waivers or expense reimbursements. The inception date of the Class A shares is May 1, 1997. Class R6 shares' performance shown prior to inception is that of the Fund's (and the predecessor fund's) Class A shares and includes the 12b-1 fees applicable to Class A shares. The inception date of the predecessor fund's Class A shares is July 28, 1997. "Other Expenses" and "Total Annual Fund Operating Expenses" are based on estimated amounts for the current fiscal year. "Other Expenses" and "Total Annual Fund Operating Expenses" for Class R5 and Class R6 shares are based on estimated amounts for the current fiscal year. Class R5 and Class R6 shares' performance shown is that of the Fund's (and the predecessor fund's) Class A shares and includes the 12b-1 fees applicable to Class A shares. The inception date of the predecessor fund's Class A shares is November 27, 2000. Class R5 and Class R6 shares' performance shown prior to the inception date is that of the Fund's and the predecessor fund's Class A shares and includes the 12b-1 fees applicable to Class A shares. The inception date of the predecessor fund's Class A shares is June 23, 2005. "Other Expenses" and "Total Annual Fund Operating Expenses" for Class R6 shares are based on estimated amounts for the current fiscal year. Class R5 and Class R6 shares' performance shown prior to the inception date is that of the Fund's and the predecessor fund's Class A shares and includes the 12b-1 fees applicable to Class A shares. The inception date of the predecessor fund's Class A shares is August 3, 1960. Class R5 and Class R6 shares' performance shown prior to the inception date is that of the Fund's and the predecessor fund's Class A shares and includes the 12b-1 fees applicable to Class A shares. The inception date of the predecessor fund's Class A shares is August 1, 1946. 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