Invesco Global Advantage Fund

Fund Summary

Investment Objective(s)

The Fund’s investment objective is long-term capital growth.

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 Global Advantage Fund	Class A, Invesco Global Advantage Fund	Class B, Invesco Global Advantage Fund	Class C, Invesco Global Advantage Fund	Class Y, Invesco Global Advantage Fund
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price)	5.50%	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

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses Invesco Global Advantage Fund	Class A, Invesco Global Advantage Fund	Class B, Invesco Global Advantage Fund	Class C, Invesco Global Advantage Fund	Class Y, Invesco Global Advantage Fund
Management Fees	0.57%	0.57%	0.57%	0.57%
Distribution and/or Service (12b-1) Fees	0.25%	1.00%	1.00%	none
Other Expenses	0.45%	0.45%	0.45%	0.45%
Total Annual Fund Operating Expenses	1.27%	2.02%	2.02%	1.02%

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 Global Advantage Fund (USD $)	Expense Example, By Year, Column [Text]	1 Year	3 Years	5 Years	10 Years
Class A, Invesco Global Advantage Fund	Class A	672	931	1,209	2,000
Class B, Invesco Global Advantage Fund	Class B	705	934	1,288	2,155
Class C, Invesco Global Advantage Fund	Class C	305	634	1,088	2,348
Class Y, Invesco Global Advantage Fund	Class Y	104	325	563	1,248

You would pay the following expenses if you did not redeem your shares:

Expense Example, No Redemption Invesco Global Advantage Fund (USD $)	Expense Example, No Redemption, By Year, Column [Text]	1 Year	3 Years	5 Years	10 Years
Class A, Invesco Global Advantage Fund	Class A	672	931	1,209	2,000
Class B, Invesco Global Advantage Fund	Class B	205	634	1,088	2,155
Class C, Invesco Global Advantage Fund	Class C	205	634	1,088	2,348
Class Y, Invesco Global Advantage Fund	Class Y	104	325	563	1,248

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 110% of the average value of its portfolio.

Principal Investment Strategies of the Fund

The Fund will normally invest at least 65% of its assets in equity securities of companies located throughout the world, including the United States. The Fund may also invest in companies located in emerging market or developing countries. Equity securities in which the Fund invests are common stock, preferred stock and depositary receipts.

The portfolio managers of the Fund employ a disciplined investment strategy that emphasizes fundamental research, supported by quantitative analysis, portfolio construction and risk management techniques. The strategy primarily focuses on identifying issuers that have experienced, or exhibit the potential for, accelerating or above average earnings growth but whose prices do not fully reflect these attributes. Investments for the portfolio are selected bottom-up on a security-by-security basis. The focus is on the strengths of individual issuers, rather than sector or country trends.

The Fund’s portfolio managers may consider selling a security for several reasons, including when (1) its fundamentals deteriorate or it posts disappointing earnings, (2) its security price appears to be overvalued, or (3) a more attractive investment opportunity is identified.

The Fund may also use foreign forward currency exchange contracts, which are derivative instruments, in connection with its investments in foreign securities. Forward foreign currency exchange contracts involve the purchase or sale of a specific amount of foreign currency at the current price with delivery at a specified future date.

In attempting to meet its investment objective, the Fund engages in active and frequent trading of portfolio securities.

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 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:

Active Trading Risk. 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.

Common Stock and Other Equity Securities. In general, stock and other equity security values fluctuate, and sometimes widely fluctuate, in response to activities specific to the company as well as general market, economic and political conditions.

Foreign and Emerging Market Securities. Investments in foreign markets entail special risks such as currency, political, economic and market risks. There also may be greater market volatility, less reliable financial information, higher transaction and custody costs, decreased market liquidity and less government and exchange regulation associated with investments in foreign markets. The risks of investing in emerging market countries are greater than risks associated with investments in foreign developed countries. The use of forward foreign currency exchange contracts involve the risk that such transactions may reduce or preclude the opportunity for gain and that currency contracts create exposure to currencies in which the Fund’s securities are not denominated.

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 market benchmark and a peer group benchmark comprised of funds with investment objectives and strategies similar to those of the Fund.

The Fund’s and Morgan Stanley Global Advantage Fund’s (the predecessor fund’s) past performance (before and after taxes) is not necessarily an indication of its future performance.

The returns shown prior to June 1, 2010 are those of the Class A, Class B, Class C and Class I shares of the predecessor fund. The predecessor fund was advised by Morgan Stanley Investment Advisors Inc. Class A, Class B, Class C and Class I shares of the predecessor fund were reorganized into Class A, Class B, Class C and Class Y, respectively, of the Fund on June 1, 2010. Class A, Class B, Class C and Class Y shares’ returns of the Fund will be different from the predecessor fund as they have different expenses. Performance for Class A and Class B shares has been restated to reflect the Fund’s applicable sales charge. Performance for Class B shares assumes conversion to Class A shares eight years after the start of the performance period.

Updated performance information is available on the Fund’s Web site at www.invesco.com/us.

Annual Total Returns

The bar chart does not reflect sales loads. If it did, the annual total returns shown would be lower.

Class A Shares year-to-date (ended June 30, 2011): 6.87%

Best Quarter (ended June 30, 2009): 21.80%

Worst Quarter (ended September 30, 2002): (21.05)%

Average Annual Total Returns (for the periods ended December 31, 2010)

Average Annual Total Returns Invesco Global Advantage Fund	Column	Label		1 Year	5 Years	10 Years	Inception Date
Return Before Taxes Class A, Invesco Global Advantage Fund	Class A: Inception (02/25/1998)	Return Before Taxes		9.55%	3.57%	1.11%	Feb. 25, 1998
Return Before Taxes Class B, Invesco Global Advantage Fund	Class B: Inception (02/25/1998)			10.09%	3.63%	1.06%	Feb. 25, 1998
Return Before Taxes Class C, Invesco Global Advantage Fund	Class C: Inception (02/25/1998)			14.05%	3.94%	0.91%	Feb. 25, 1998
Return Before Taxes Class Y, Invesco Global Advantage Fund	Class Y: Inception (02/25/1998)			16.23%	5.01%	1.93%	Feb. 25, 1998
Return After Taxes on Distributions Class A, Invesco Global Advantage Fund	Class A: Inception (02/25/1998)	Return After Taxes on Distributions		9.55%	3.57%	1.11%	Feb. 25, 1998
Return After Taxes on Distributions and Sale of Fund Shares Class A, Invesco Global Advantage Fund	Class A: Inception (02/25/1998)	Return After Taxes on Distributions and Sale of Fund Shares		6.21%	3.10%	0.96%	Feb. 25, 1998
MSCI World Index		MSCI World IndexSM	[1]	11.76%	2.43%	2.31%
MSCI World Growth Index		MSCI World Growth Index	[1]	14.50%	3.49%	1.77%
Lipper Global Multi-Cap Growth Funds Index		Lipper Global Multi-Cap Growth Funds Index	[1]	19.93%	6.00%	4.35%
Lipper Global Large-Cap Growth Funds Index		Lipper Global Large-Cap Growth Funds Index	[1]	13.35%	3.19%	0.78%

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 Class A shares only and after-tax returns for other classes will vary.

[1] The Fund has elected to include three benchmark indices: the MSCI World Index, the MSCI World Growth Index and the Lipper Global Large-Cap Growth Funds Index. The Fund uses the MSCI World Index as its broad-based benchmark to provide investors a broad proxy for the U.S. market. The MSCI World Growth Index is the style specific benchmark and is the proxy that most appropriately reflects the Fund's investment process. The Fund has elected to use the Lipper Global Large-Cap Growth Funds Index to represent its peer group rather than the Lipper Global Multi-Cap Growth Funds Index. The Lipper Global Large-Cap Growth Funds Index more closely reflects the performance of the types of securities in which the Fund invests.