Invesco-STAT(R5.R6)-Sup-1 062615

Statutory Prospectus Supplement dated June 26, 2015

The purpose of this supplement is to provide you with changes to the current Statutory Prospectuses for Class R5 and R6 shares, as applicable, of the Funds listed below:

Invesco All Cap Market Neutral Fund Invesco Alternative Strategies Fund Invesco American Franchise Fund Invesco American Value Fund Invesco Balanced-Risk Allocation Fund Invesco Balanced-Risk Commodity Strategy Fund Invesco Balanced-Risk Retirement 2020 Fund Invesco Balanced-Risk Retirement 2030 Fund Invesco Balanced-Risk Retirement 2040 Fund Invesco Balanced-Risk Retirement 2050 Fund Invesco Balanced-Risk Retirement Now Fund Invesco Charter Fund Invesco Comstock Fund Invesco Conservative Allocation Fund Invesco Convertible Securities Fund Invesco Core Plus Bond Fund Invesco Developing Markets Fund Invesco Diversified Dividend Fund Invesco Dividend Income Fund Invesco Emerging Market Local Currency Debt Fund Invesco Emerging Markets Equity Fund Invesco Endeavor Fund Invesco Energy Fund Invesco Equally-Weighted S&P 500 Fund Invesco Equity and Income Fund Invesco Floating Rate Fund Invesco Global Core Equity Fund Invesco Global Growth Fund Invesco Global Infrastructure Fund Invesco Global Low Volatility Equity Yield Fund Invesco Global Market Neutral Fund Invesco Global Markets Strategy Fund Invesco Global Opportunities Fund Invesco Global Real Estate Income Fund Invesco Global Small & Mid Cap Growth Fund Invesco Global Targeted Returns Fund Invesco Greater China Fund Invesco Growth Allocation Fund Invesco Growth and Income Fund Invesco Income Allocation Fund Invesco International Allocation Fund Invesco International Core Equity Fund Invesco International Growth Fund Invesco International Small Company Fund Invesco International Total Return Fund Invesco Long/Short Equity Fund Invesco Low Volatility Emerging Markets Fund Invesco Low Volatility Equity Yield Fund Invesco MLP Fund Invesco Macro International Equity Fund Invesco Macro Long/Short Fund Invesco Mid Cap Core Equity Fund Invesco Mid Cap Growth Fund Invesco Moderate Allocation Fund Invesco Multi-Asset Inflation Fund Invesco Pacific Growth Fund Invesco Premium Income Fund Invesco Select Companies Fund Invesco Select Opportunities Fund Invesco Small Cap Discovery Fund Invesco Small Cap Equity Fund Invesco Small Cap Growth Fund Invesco Strategic Income Fund Invesco Strategic Real Return Fund Invesco Summit Fund Invesco Technology Fund Invesco U.S. Mortgage Fund Invesco Unconstrained Bond Fund Invesco Value Opportunities Fund

The following information replaces in its entirety the information appearing under the heading “Fund Summaries - Purchase and Sale of Fund Shares” in each Fund’s Prospectus:

“Purchase and Sale of Fund Shares

You may purchase, redeem or exchange shares of the Fund on any business day through your financial adviser or by telephone at 800-959-4246.

There is no minimum initial investment for Employer Sponsored Retirement and Benefit Plans investing through a retirement platform that administers at least $2.5 billion in retirement plan assets. All other Employer Sponsored Retirement and Benefit Plans must meet a minimum initial investment of at least $1 million in each Fund in which it invests.

The minimum initial investment for all other institutional investors is $10 million, unless such investment is made by an investment company, as defined under the Investment Company Act of 1940, as amended (1940 Act), that is part of a family of investment companies which own in the aggregate at least $100 million in securities, in which case there is no minimum initial investment.”

Invesco-STAT(R5.R6)-Sup-1 062615

The following information replaces in its entirety the information appearing under the heading “Shareholder Account Information – Suitability for Investors” in each Fund’s Prospectus:

“Suitability for Investors

Class R5 and R6 shares of the Funds are intended for use by Employer Sponsored Retirement and Benefit Plans, held either at the plan level or through omnibus accounts, that generally process no more than one net redemption and one net purchase transaction each day. There is no minimum initial investment for an Employer Sponsored Retirement and Benefit Plan investing through a retirement platform that administers at least $2.5 billion in retirement plan assets. All other Employer Sponsored Retirement and Benefit Plans must meet a minimum initial investment of at least $1 million in each Fund in which it invests.

Class R5 and R6 shares of the Funds are also available to institutional investors. Institutional investors are: banks, trust companies, collective trust funds, entities acting for the account of a public entity (e.g., Taft-Hartley funds, states, cities or government agencies), funds of funds or other pooled investment vehicles, financial intermediaries and corporations investing for their own accounts, endowments and foundations. The minimum initial investment for institutional investors is $10 million, unless such investment is made by an investment company, as defined under the 1940 Act, as amended, that is part of a family of investment companies which own in the aggregate at least $100 million in securities, in which case there is no minimum initial investment.”

Invesco-STAT(R5.R6)-Sup-1 062615

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