XML 13 R3.htm IDEA: XBRL DOCUMENT


Invesco Capital Development Fund \| Invesco Funds - Institutional Class
Statutory Prospectus Supplement dated June 28, 2011 The purpose of this mailing is to provide you with changes to the current Statutory Prospectus for Institutional Class shares of the Funds listed below: Invesco Capital Development Fund Invesco Charter Fund Invesco Constellation Fund Invesco Diversified Dividend Fund Invesco Summit Fund
The following information replaces the last three paragraphs appearing under the heading “Fund Summaries — INVESCO CAPITAL DEVELOPMENT FUND — Principal Investment Strategies of the Fund” in the prospectus: “The Adviser uses a bottom-up stock selection process designed to seek returns in excess of the benchmark as well as 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’s financial statements and discussions with company management teams, suppliers, distributors, competitors, and customers. The Adviser uses 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’s value. The Adviser seeks to invest in companies with solid management teams, sound business models, strong financial health, attractive growth outlooks, and compelling valuations levels. The Adviser considers whether to sell a particular security when a company hits the price target, a company’s fundamentals deteriorate, or the catalysts for growth are no longer present or reflected in the stock price.”

Invesco Capital Development Fund | Invesco Funds - Institutional Class

Statutory Prospectus Supplement dated June 28, 2011

The purpose of this mailing is to provide you with changes to the current Statutory Prospectus for Institutional Class shares of the Funds listed below:

Invesco Capital Development Fund

Invesco Charter Fund

Invesco Constellation Fund

Invesco Diversified Dividend Fund

Invesco Summit Fund

The following information replaces the last three paragraphs appearing under the heading “Fund Summaries — INVESCO CAPITAL DEVELOPMENT FUND — Principal Investment Strategies of the Fund” in the prospectus:

“The Adviser uses a bottom-up stock selection process designed to seek returns in excess of the benchmark as well as 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’s financial statements and discussions with company management teams, suppliers, distributors, competitors, and customers. The Adviser uses 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’s value. The Adviser seeks to invest in companies with solid management teams, sound business models, strong financial health, attractive growth outlooks, and compelling valuations levels.

The Adviser considers whether to sell a particular security when a company hits the price target, a company’s fundamentals deteriorate, or the catalysts for growth are no longer present or reflected in the stock price.”