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Summary - Invesco Technology Fund, Class A, B, C, Y And Investor | Invesco Technology Fund
Fund Summary - Invesco Technology Fund
Investment Objective(s)
The Fund’s investment objective is long-term growth of capital.
Fees and Expenses of the Fund

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Invesco Funds. More information about these and other discounts is available from your financial professional and in the section “Shareholder Account Information-Initial Sales Charges (Class A Shares Only)” on page A-3 of the prospectus and the section “Purchase, Redemption and Pricing of Shares-Purchase and Redemption of Shares” on page L-1 of the statement of additional information (SAI).

Shareholder Fees (fees paid directly from your investment)
Shareholder Fees Invesco Technology Fund
Class A, Invesco Technology Fund
Class B, Invesco Technology Fund
Class C, Invesco Technology Fund
Class Y, Invesco Technology Fund
Investor Class, Invesco Technology Fund
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 5.50% none none none none
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) none 5.00% 1.00% none none
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses Invesco Technology Fund
Class A, Invesco Technology Fund
Class B, Invesco Technology Fund
Class C, Invesco Technology Fund
Class Y, Invesco Technology Fund
Investor Class, Invesco Technology Fund
Management Fees 0.71% 0.71% 0.71% 0.71% 0.71%
Distribution and/or Service (12b-1) Fees 0.25% 1.00% 1.00% none 0.16%
Other Expenses 0.59% 0.59% 0.59% 0.59% 0.59%
Total Annual Fund Operating Expenses 1.55% 2.30% 2.30% 1.30% 1.46%
Example.

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

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.

Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

Expense Example Invesco Technology Fund (USD $)
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A, Invesco Technology Fund
Class A 699 1,013 1,348 2,294
Class B, Invesco Technology Fund
Class B 733 1,018 1,430 2,448
Class C, Invesco Technology Fund
Class C 333 718 1,230 2,636
Class Y, Invesco Technology Fund
Class Y 132 412 713 1,568
Investor Class, Invesco Technology Fund
Investor Class 149 462 797 1,746
You would pay the following expenses if you did not redeem your shares:
Expense Example, No Redemption Invesco Technology Fund (USD $)
Expense Example, No Redemption, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Class A, Invesco Technology Fund
Class A 699 1,013 1,348 2,294
Class B, Invesco Technology Fund
Class B 233 718 1,230 2,448
Class C, Invesco Technology Fund
Class C 233 718 1,230 2,636
Class Y, Invesco Technology Fund
Class Y 132 412 713 1,568
Investor Class, Invesco Technology Fund
Investor Class 149 462 797 1,746
Portfolio Turnover.
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 42% of the average value of its portfolio.
Principal Investment Strategies of the Fund

The Fund invests, under normal circumstances, at least 80% of net assets (plus borrowings for investment purposes) in securities of issuers engaged in technology-related industries. The Fund invests predominantly in equity securities.

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. Certain derivatives may have the effect of leveraging the Fund's portfolio.

The Fund may invest up to 50% of its total assets in foreign securities of issuers doing business in technology-related industries.

In selecting securities for the Fund, the portfolio managers use a research-oriented bottom-up investment approach, focusing on issuer fundamentals and growth prospects. Security selection is then further refined by valuation and timeliness analysis. In general, the Fund invests in issuers that the portfolio managers believe currently exhibit or will develop a sustainable competitive advantage, a free cash flow generating business model and strong returns on invested capital. Technology issuers able to capitalize on the key secular themes identified by the portfolio managers are emphasized.

Valuation plays a critical role in the security selection process. The primary metric used by the portfolio managers to determine a security's target valuation is cash flow. In addition to valuation analysis, the portfolio managers analyze product cycle and seasonality-driven measures to help determine the best time to purchase or sell a security.

While the portfolio managers may invest in securities of any market capitalization, they tend to favor mid- and large-cap securities to avoid liquidity problems that can be associated with some small-cap securities.

The portfolio managers will consider selling the security of an issuer if, among other things, (1) a security's price reaches its valuation target; (2) an issuer's fundamentals deteriorate; (3) it no longer meets the investment criteria; or (4) a more attractive investment opportunity is identified.

Principal Risks of Investing in the Fund

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 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:

Foreign Securities Risk. 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.

Management Risk. The investment techniques and risk analysis used by the Fund’s portfolio managers may not produce the desired results.

Market Risk. 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.

Sector Fund Risk. The Fund’s investments are concentrated in a comparatively narrow segment of the economy, which may make the Fund more volatile than non-concentrated funds.

Small- and Mid-Capitalization Risks. 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.

Technology Sector Risk. Many products and services offered in technology-related industries are subject to rapid obsolescence, which may lower the value of the issuers in this sector.

Performance Information
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.
Annual Total Returns
Bar Chart

Investor Class shares year-to-date (ended June 30, 2011): 6.85%

Best Quarter (ended December 31, 2001): 37.19%

Worst Quarter (ended September 30, 2001): -41.44%

Average Annual Total Returns (for the periods ended December 31, 2010)
Average Annual Total Returns Invesco Technology Fund
Column
Label
Index No Deduction for Fees, Expenses, Taxes [Text]
1 Year
5 Years
10 Years
Since Inception
Inception Date
Return Before Taxes Investor Class, Invesco Technology Fund
Investor Class shares: Inception (1/19/1984) Return Before Taxes   20.88% 4.59% (5.93%)   Jan. 19, 1984
Return Before Taxes Class A, Invesco Technology Fund
Class A shares: Inception (3/28/2002)     14.19% 3.38%   0.18% Mar. 28, 2002
Return Before Taxes Class B, Invesco Technology Fund
Class B shares: Inception (3/28/2002)     14.92% 3.43%   0.13% Mar. 28, 2002
Return Before Taxes Class C, Invesco Technology Fund
Class C shares: Inception (2/14/2000)     18.94% 3.78% (6.65%)   Feb. 14, 2000
Return Before Taxes Class Y, Invesco Technology Fund
Class Y shares: Inception (10/3/2008) [1]     21.09% 4.68% (5.90%)   Oct. 03, 2008
Return After Taxes on Distributions Investor Class, Invesco Technology Fund
Investor Class shares: Inception (1/19/1984) Return After Taxes on Distributions   20.88% 4.59% (5.93%)   Jan. 19, 1984
Return After Taxes on Distributions and Sale of Fund Shares Investor Class, Invesco Technology Fund
Investor Class shares: Inception (1/19/1984) Return After Taxes on Distributions and Sale of Fund Shares   13.57% 3.95% (4.81%)   Jan. 19, 1984
S&P 500 Index
  S&P 500® Index (reflects no deduction for fees, expenses or taxes) 15.08% 2.29% 1.42%    
BofA Merrill Lynch 100 Technology Index (price-only)
  BofA Merrill Lynch 100 Technology Index (price-only) (reflects no deduction for fees, expenses or taxes) 18.78% 4.66% (0.53%)    
Lipper Science & Technology Funds Index
  Lipper Science & Technology Funds Index   17.85% 5.33% (1.92%)    
[1] Class Y shares' performance shown prior to the inception date is that of Investor Class shares and includes the 12b-1 fees applicable to Investor Class shares. Investor Class shares' performance reflects any applicable fee waiver and/or expense reimbursement.
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 arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for Investor Class shares only and after-tax returns for other classes will vary.