DEFA14A

Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

We encourage you to read the proxy statement in full; however, the following represent some typical questions that shareholders may have regarding the proxy statement.

WHAT IS THE PROPOSAL BEING PRESENTED AT THE SHAREHOLDER MEETING AND WHAT AM I BEING ASKED TO VOTE ON?

The Board unanimously recommends that you vote FOR ALL of the Nominees to the Board of Trustees.

Every vote is important – this means your vote too. If shareholders fail to vote their proxies, the Fund may not receive enough votes to go forward with the January 16, 2024 shareholder meeting. If this happens, additional solicitations may have to be made to obtain a quorum, or proxies may have to be resent to shareholders.

We have hired Computershare Fund Services as the Fund’s proxy solicitor. If we do not receive your vote after a reasonable amount of time, you may receive a telephone call and other solicitations from them reminding you to vote your shares.

The Web proxy voting system offered by the www.proxy-direct.com maintains security features designed to protect the confidentiality of your vote. These security features include:

The following general rules for signing proxy cards and/or voting instruction cards may be of assistance to you and could help avoid the time and expense involved in validating your vote if you fail to sign your proxy card and/or voting instruction card properly.

Individual and Joint Accounts: Shareholders and joint owners should sign exactly as their name appears in the account registration shown on the proxy card and/or voting instruction card. If shares are held jointly, one or more owners should sign personally.

All Other Accounts: The capacity of the individual signing the proxy card and/or voting instruction card (for example, “trustee”) should be indicated, along with the individual’s signature and full title. If a corporation, limited liability company, or partnership, please sign the full entity name and indicate the signer’s position with the entity.

All votes must be received before or at the shareholder meeting, which will be held on January 16, 2024 at 2:00 p.m. Central Time.

If you have questions regarding the Special Joint Meeting of Shareholders of the Funds taking place on January 16, 2024, Press 1.

If you have questions regarding the Special Meeting of Shareholders for the Invesco V.I. Conservative Balanced Fund taking place on January 18, 2024, Press 2.

If you plan to attend the Special Meeting of Shareholders of the Funds, Press 3.


OPTION 1		You are now being routed to the Client Services phone queue. [Internal note, they will be routed to ext. 5200]

OPTION 2		You are now being routed to the Client Services phone queue. [Internal note, they will be routed to ext. 5200]

OPTION 3		Thank you for planning to attend the upcoming Special Joint Meeting of Shareholders, which is currently scheduled for 2:00 p.m. Central Time on January 16, 2024.

		Please press 1 then state your full name and the number of persons that will be attending the meeting.

OPTION 4		Thank you for planning to attend the upcoming Special Meeting of Shareholders of the Invesco V.I. Conservative Balanced Fund which is currently scheduled for 1:00 p.m. Central Time on January 18, 2024.

		Please press 1 then state your full name and the number of persons that will be attending the meeting.

INVESCO Funds WO # 33586 - TOUCH-TONE TELEPHONE VOTING SCRIPT ** PROXY CARD ** IVR Revision 11/16/2023 WHEN CONNECTED TO OUR TOUCH TONE VOTING SYSTEM ACCESSED VIA OUR TOLL-FREE # 1-800-337-3503, THE SHAREHOLDER HEARS: THE INITIAL PROMPT: “Thank you for calling the proxy voting line. Before you can vote, I’ll need to validate some information from your proxy card or meeting notice. On your card or notice there’s a shaded box with a 14 digit number inside. Please enter that number now.” AFTER THE SHAREHOLDER ENTERS THEIR 14 DIGIT CONTROL NUMBER, HE/SHE HEARS: “Next, located in the un-shaded box is an 8 digit number. Please enter this number now.” THEN YOU HEAR: “Thank you. Please hold while I validate those numbers.” IF VALID CODES WERE ENTERED, THE SHAREHOLDER WILL HEAR THE FOLLOWING GENERIC SPEECH: “Okay, you’ll be voting your shares for the upcoming proxy meeting. The Board Recommends a vote “FOR” the proposal.” IF THE CUSTOM GREETING IS APPROVED, THE SHAREHOLDER WILL HEAR THE FOLLOWING CUSTOM SPEECH: Okay, you’ll be voting your proxy for shares in Invesco Funds. The Board Recommends a vote FOR” the proposal. IF THERE IS A PRIOR VOTE IN THE SYSTEM FOR THE CONTROL NUMBER ENTERED YOU HEAR: “ I see that you’ve already voted. If you don’t want to change your vote you can just hang-up. Otherwise, remain on the line and I’ll take you through the voting process again “ IF THERE IS NO PRIOR VOTE, THE FOLLOWING IS HEARD: “I’m about to take you through the voting process. Please keep your voting card or meeting notice in front of you to follow along. Okay, let’s begin…” THEN, MATCHING THE SHAREHOLDER’S PROXY CARD , THEY WILL BE PROMPTED FOR VOTING AS FOLLOWS: “Proposal 1: To vote FOR ALL nominees, Press 1. To WITHHOLD your vote from all nominees, press 2. Or to WITHHOLD YOUR VOTE FROM INDIVIDUAL nominees press 3.” IF THE SHAREHOLDER PRESSES 1, TO VOTE FOR ALL NOMINEES THEY WILL HEAR: “Okay, voting for all nominees” IF THE SHAREHOLDER PRESSES 2, TO WITHHOLD FROM ALL NOMINEES THEY WILL HEAR: “Okay, voting withhold on all nominees “ IF THE SHAREHOLDER PRESSES 3, TO WITHHOLD FROM INDIVIDUAL NOMINEES THEY WILL HEAR: “Okay, we’ll withhold your vote on the nominees you specify. All other nominees will be voted FOR. “ THEN THEY HEAR: “For each nominee listed on your proxy card or meeting notice there’s a corresponding two-digit number. Please enter the number of the nominee from whom you wish to withhold your vote.” AFTER THE SHAREHOLDER ENTERS A NOMINEE NUMBER TO WITHHOLD FROM, HE/SHE HEARS: “OK, withholding your vote from nominee number N” [Where N is the nominee number entered]” THEN THE SHAREHOLDER HEARS: “To withhold your vote from another nominee, enter the two-digit number. If there are no other nominees from whom you wish to withhold your vote press # (pound).” WHEN # IS PRESSED, THE SHAREHOLDER HEARS: “Okay, finished withholding from nominees” WHEN THE SHAREHOLDER HAS COMPLETED VOTING ON THE PROPOSAL, HE/SHE WILL HEAR: “Okay, you’ve finished voting but your vote has not yet been recorded.” “To hear a summary of how you voted, press 1; To record your vote, Press 2.” IF THE SHAREHOLDER PRESSES 1, TO HEAR A SUMMARY OF THEIR VOTES, HE/SHE WILL HEAR: “Please note your vote will be cast automatically should you decide to hang up during the summary.” “You’ve elected to vote as follows “ [THEN A PLAYBACK OF THE VOTES COLLECTED FOR EACH PROPOSAL IS HEARD] AFTER THE VOTE PLAYBACK, THE SHAREHOLDER HEARS: “If this is correct, press 1; Otherwise, press 2. If you’d like to hear the information again press # (pound).” IF THE CALLER CHOOSES TO RECORD THEIR VOTE (EITHER BEFORE OR AFTER THE SUMMARY IS HEARD), THEY HEAR: “(Okay) Please hold while I record your vote.” THEN THEY HEAR: “Your vote has been recorded. It’s not necessary for you to mail in your proxy card or meeting notice. I’m now going to end this call unless you have another proxy card or meeting notice to vote or you want to change your vote. If you need to vote again, press one now.” IF THE SHAREHOLDER PRESSES 2, INDICATING AN INCORRECT VOTE, HE/SHE WILL HEAR: “Okay, lets change your vote.” [The system then prompts the voting options again.] AFTER THE SHAREHOLDER’S VOTE IS RECORDED, IF THEY ELECT TO VOTE ANOTHER PROXY, HE/SHE HEARS: “Before you can vote, I’ll need to validate some information from your proxy card or meeting notice. On your card or notice there’s a shaded box with a 14 digit number inside. Please enter that number now.” IF THE SHAREHOLDER ELECTS TO END THE CALL, HE/SHE WILL HEAR: “Thank you for voting, goodbye.”

INVESCO WO # 33586- TOUCH-TONE TELEPHONE VOTING SCRIPT ** VOTING INSTRUCTION CARD ** IVR Revision 11/16/2023 WHEN CONNECTED TO OUR TOUCH TONE VOTING SYSTEM ACCESSED VIA OUR TOLL-FREE # 1-866-298-8476, THE SHAREHOLDER HEARS: THE INITIAL PROMPT: “Thank you for calling the proxy voting line. Before you can vote, I’ll need to validate some information from your voting instruction card or meeting notice. On your card or notice there’s a shaded box with a 14 digit number inside. Please enter that number now.” AFTER THE SHAREHOLDER ENTERS THEIR 14 DIGIT CONTROL NUMBER, HE/SHE HEARS: “Next, located in the un-shaded box is an 8 digit number. Please enter this number now.” THEN YOU HEAR: “Thank you. Please hold while I validate those numbers.” IF VALID CODES WERE ENTERED, THE SHAREHOLDER WILL HEAR THE FOLLOWING GENERIC SPEECH: “Okay, you’ll be voting your shares for the upcoming proxy meeting. The Board Recommends a vote “FOR” the proposal.” IF THE CUSTOM GREETING IS APPROVED, THE SHAREHOLDER WILL HEAR THE FOLLOWING CUSTOM SPEECH: Okay, you’ll be voting your proxy for shares in Invesco Funds. The Board Recommends a vote FOR” the proposal. IF THERE IS A PRIOR VOTE IN THE SYSTEM FOR THE CONTROL NUMBER ENTERED YOU HEAR: “ I see that you’ve already voted. If you don’t want to change your vote you can just hang-up. Otherwise, remain on the line and I’ll take you through the voting process again “ IF THERE IS NO PRIOR VOTE, THE FOLLOWING IS HEARD: “I’m about to take you through the voting process. Please keep your voting card or meeting notice in front of you to follow along. Okay, let’s begin…” THEN MATCHING THE SHAREHOLDER’S VOTING INSTRUCTION CARD, THEY WILL BE PROMPTED TO VOTE ON THE PROPOSAL: “Proposal 1: To vote FOR ALL nominees, Press 1. To WITHHOLD your vote from all nominees, press 2. Or to WITHHOLD YOUR VOTE FROM INDIVIDUAL nominees press 3.” IF THE SHAREHOLDER PRESSES 1, TO VOTE FOR ALL NOMINEES THEY WILL HEAR: “Okay, voting for all nominees” IF THE SHAREHOLDER PRESSES 2, TO WITHHOLD FROM ALL NOMINEES THEY WILL HEAR: “Okay, voting withhold on all nominees “ IF THE SHAREHOLDER PRESSES 3, TO WITHHOLD FROM INDIVIDUAL NOMINEES THEY WILL HEAR: “Okay, we’ll withhold your vote on the nominees you specify. All other nominees will be voted FOR. “ THEN THEY HEAR: “For each nominee listed on your proxy card or meeting notice there’s a corresponding two-digit number. Please enter the number of the nominee from whom you wish to withhold your vote.” AFTER THE SHAREHOLDER ENTERS A NOMINEE NUMBER TO WITHHOLD FROM, HE/SHE HEARS: “OK, withholding your vote from nominee number N” [Where N is the nominee number entered]” THEN THE SHAREHOLDER HEARS: “To withhold your vote from another nominee, enter the two-digit number. If there are no other nominees from whom you wish to withhold your vote press # (pound).” WHEN # IS PRESSED, THE SHAREHOLDER HEARS: “Okay, finished withholding from nominees” WHEN THE SHAREHOLDER HAS COMPLETED VOTING ON THE PROPOSAL, HE/SHE WILL HEAR: “Okay, you’ve finished voting but your vote has not yet been recorded.” “To hear a summary of how you voted, press 1; To record your vote, Press 2.” IF THE SHAREHOLDER PRESSES 1, TO HEAR A SUMMARY OF THEIR VOTES, HE/SHE WILL HEAR: “Please note your vote will be cast automatically should you decide to hang up during the summary.” “You’ve elected to vote as follows “ [THEN A PLAYBACK OF THE VOTES COLLECTED FOR EACH PROPOSAL IS HEARD] AFTER THE VOTE PLAYBACK, THE SHAREHOLDER HEARS: “If this is correct, press 1; Otherwise, press 2. If you’d like to hear the information again press # (pound).” IF THE CALLER CHOOSES TO RECORD THEIR VOTE (EITHER BEFORE OR AFTER THE SUMMARY IS HEARD), THEY HEAR: “(Okay) Please hold while I record your vote.” THEN THEY HEAR: “Your vote has been recorded. It’s not necessary for you to mail in your voting instruction card or meeting notice. I’m now going to end this call unless you have another voting instruction card or meeting notice to vote or you want to change your vote. If you need to vote again, press one now.” IF THE SHAREHOLDER PRESSES 2, INDICATING AN INCORRECT VOTE, HE/SHE WILL HEAR: “Okay, lets change your vote.” [The system then prompts the voting options again.] AFTER THE SHAREHOLDER’S VOTE IS RECORDED, IF THEY ELECT TO VOTE ANOTHER PROXY, HE/SHE HEARS: “Before you can vote, I’ll need to validate some information from your voting instruction card or meeting notice. On your card or notice there’s a shaded box with a 14 digit number inside. Please enter that number now.” IF THE SHAREHOLDER ELECTS TO END THE CALL, HE/SHE WILL HEAR: “Thank you for voting, goodbye.”

computershare proxydirect Enter your 14 digit control number from the shaded box on your notice or card: Enter your 8 digit security code from the unshaded box on your notice or card: Log in Sample Sample Notice Proxy/ Voting Instruction Card xxx xxxx xxxx xxx xxxx xxxx Control Number Security Code you Can use the torte Hiyo Jrvolo. xxx xxxx xxxx xxx Control Number Security Code WARNING! This resource is provided for authorized users only. Any unauthorized access use or publication of this content is strictly 1 prohibited. Violators will be prosecuted . Your browser must support JavaScript 1.1 or higher in order to continue. Click on the Help: link at the bottom for more information and navigation tips. If you are unable to vote your proxy using this service because of technical difficulties you should refer to your Proxy Package for other voting options. Reproduction in whole or in part in any form or medium without express written permission of Computershare Limited is prohibited.

Mark All For Withhold Proposals 1.01 To Elect : Beth Ann Brown 0 For 0 Withhold 1.02 To Elect : Carol Deckbar 0 For 0 Withhold 1.03 To Elect : Cynthia Hostetler 0 For 0 Withhold 1.04 To Elect : Or. Eli Jones For Withhold 1.05 To Elect : Elizabeth Krentzman For Withhold 1.06 To Elect : Jeffrey H . Kupor For Withhold 1.07 To Elect : Anthony J. LaCava, Jr. 0 For 0 Withhold 1.08 To Elect : James Liddy For Withhold 1.09 To Elect : Or. Prema Mathai- Oavis For Withhold 1.10 To Eh: U : Jole W. Mulhy or Withhold 1.11 To Elect : Teresa Ressel For 0 Withhold 1.12 To Elect : Douglas Sharp For Withhold 1.13 To Elect : Robert C. Troccoli For Withhold 1.14 To Elect : Daniel S. Vandivort For Withhold If you have questions regarding the voting process1 please call Cancel Vote & Exit Submit Vote 1 -8 77-45 6 -7 881

computershare proxydirect Log Out Thank you. Your voting instructions have been submitted for processing . If necessary you can revisit the Internet votings its at any time before the meeting on 1/ 16/ 2024 2:00 PM CT to submit new voting instructions. This is a summary of your voting instructions for the Invesco VI Funds Special Meeting. You may print this page for your records. Print Page Instructions submitted on 11/21/2023 11:41 : 36 AM 1 [ET] 1.01 To Elect : Beth Ann Brown Voted For 1.02 To Elect : Carol Oeckbar Voted For 1.03 To Elect : Cynthia Hostetler Voted For 1.04 To Elect : Or. Eli Jones Voted For 1.05 To Elect : Elizabeth Krentzm an Voted For 1.06 To Elect : Jeffrey H. Kupor Voted For 1.07 To Elect : Anthony J. LaCaval Jr. Voted For 1.08 To Elect : James Liddy Voted for 1.09 To Elect : Or. Prem afathai -Oavis Voted For 1.10 To Elect : Joel W. Motley Voted for 1.11 To Elect : Teresa M. Ressel Voted For 1.12 To Elect : Dougl as Sharp Voted for 1.13 To Elect: Robert C. Troccoli Voted For 1.14 To Elect: Daniels . Vandivort Voted for Vote Another Card or Exit Enter your e-mail address in the following text box if you would like an e-mail confirmation of your vote . E-mail : Confirm E-mail: Send E-mail


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