Mutual Fund Retirement Share Classes Invesco Equally- Data as of June 30, 2021 Weighted S&P 500 Fund Large-cap blend

Investment objective A passively managed large-cap blend strategy that seeks a high level of total return by allocating the portfolio The fund seeks total return through growth of capital evenly among the constituents of the S&P 500 Index. and current income. Investment results Portfolio management Average annual total returns (%) as of June 30, 2021 Pratik Doshi, Peter Hubbard, Michael Jeanette, Tony Class A Shares Class Y Shares Class R Shares Class R6 Shares Seisser Inception: Inception: Inception: Inception: Broad-Based 07/28/97 07/28/97 03/31/08 09/24/12 Index Fund facts Period NAV NAV NAV NAV S&P 500 Index Nasdaq A: VADAX C: VADCX Y: VADDX Inception 9.67 9.94 11.27 -- R: VADRX R6: VADFX 10 Years 13.15 13.43 12.86 13.50 14.84 Total Net Assets $7,464,569,664 5 Years 15.08 15.37 14.80 15.50 17.65 Total Number of Holdings 506 3 Years 15.83 16.12 15.54 16.26 18.67 Annual Turnover (as of 08/31/20) 26% 1 Year 49.81 50.18 49.42 50.34 40.79 Distribution Frequency Annually Quarter 6.80 6.87 6.73 6.90 8.55 Performance quoted is past performance and cannot guarantee comparable future results; current performance may be lower or higher. Visit invesco.com/performance for the most recent month-end performance. Top 10 holdings (% of total net assets) Performance figures reflect reinvested distributions and changes in net asset value (NAV). Investment return and Etsy 0.25 principal value will vary, and you may have a gain or a loss when you sell shares. Class A shares at NAV are available only to certain investors and have no sales charge; therefore, performance is at NAV. Class Y shares Enphase Energy 0.25 have no sales charge; therefore, performance is at NAV. Class R shares have no sales charge; therefore, 0.23 performance is at NAV. Returns less than one year are cumulative; all others are annualized. Performance shown prior to the inception date of Class R6 shares is that of Class A shares and includes the 12b-1 fees applicable to Nike 'B' 0.23 Class A shares. Class R6 shares have no sales charge; therefore, performance is at NAV. Fund performance Generac 0.23 reflects any applicable fee waivers and/or expense reimbursements. Had the adviser not waived fees and/or Skyworks Solutions 0.22 reimbursed expenses currently or in the past, returns would have been lower. See current prospectus for more information. Index returns do not reflect any fees, expenses, or sales charges. 0.22 Index source: FactSet Research Systems Inc. 0.22 ResMed 0.22 Calendar year total returns (%) Chipotle Mexican Grill 0.22 Class A shares at NAV Holdings are subject to change and are not buy/sell 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 YTD recommendations. -0.63 16.97 35.33 13.75 -2.73 14.11 18.26 -8.10 28.61 12.34 18.82

Expense ratios % net % total Class A shares at NAV and Class Y shares are available only to certain investors. Class R shares are generally available only to employee benefit plans. Class R6 shares are primarily intended for retirement plans that meet certain standards and for Class A Shares 0.53 0.53 institutional investors. See the prospectus for more information. The fund holdings are organized according to the Global Industry Classification Standard, which was developed by and is the Class Y Shares 0.28 0.28 exclusive property and service mark of MSCI Inc. and Standard & Poor’s. Class R Shares 0.78 0.78 The S&P 500® Index is an unmanaged index considered representative of the US stock market. An investment cannot be made directly in an index. Class R6 Shares 0.16 0.16 12-month forward and trailing P/E are calculated using weighted harmonic averaging, which helps avoid extreme results that Per the current prospectus may occur due to small relative numbers in the denominator. It doesn’t exclude extreme values; instead, it reduces the effect of outliers on the aggregate calculation. The price/book ratio is the market price of a stock divided by the book value per share. Return on equity (ROE) is net income divided by net worth. The median 12-Month Fwd. Growth Rate is the percent change between the next twelve months' mean EPS estimate and the previous twelve months' actuals. The three-year EPS growth rate is a weighted average of each stock's growth rate in earnings per share (EPS). EPS is total earnings divided by the number Statistics of shares outstanding. The five-year dividend growth rate is the weighted average of each stock's annualized percentage rate Fund vs. Index 3 years 5 years of growth in dividend yield over five years. The three-year EPS and five-year dividend growth rates are not forecasts of fund performance. The up and down capture measures how well a manager was able to replicate or improve on periods of positive Up Capture (%) 102.75 98.58 benchmark returns and how severely the manager was affected by periods of negative benchmark returns. Standard deviation Down Capture (%) 112.69 110.60 measures a fund’s range of total returns and identifies the spread of a fund’s short-term fluctuations. Not a deposit; Not FDIC insured; Not guaranteed by the bank; May lose value; Not insured by any federal agency fund index 3-Year Standard Deviation 21.73 18.52 Source: StyleADVISOR; based on Class A shares and fund's broad-based index Top industries (% of total net assets) Valuation statistics fund index Equity sector breakdown (% of total net Health Care Equipment 3.49 12-Month Forward P/E 17.71 21.41 assets) Semiconductors 3.13 12-Month Trailing P/E 22.98 27.14 Information Technology 14.88 Electric Utilities 2.86 Price/Book (Wtd. Har. Avg.) 3.28 4.67 Industrials 14.49 Regional Banks 2.47 1-Year ROE (Wtd. Avg.) 16.87 25.54 Health Care 12.80 Data Processing & Outsourced 12-Month Fwd. Growth Rate Financials 12.52 Services 2.34 (Wtd. Avg.) (%) 15.67 17.17 Consumer Discretionary 12.30 Packaged Foods & Meats 2.31 3-Year EPS Growth Rate (Wtd. Consumer Staples 6.20 Application Software 2.26 Avg.) (%) 8.94 18.65 Real Estate 5.54 Industrial Machinery 2.16 5-Year Dividend Growth Rate Utilities 5.30 (Wtd. Avg.) (%) 7.43 9.27 Aerospace & Defense 2.12 Materials 5.28 Weighted Average Market Cap Pharmaceuticals 1.96 ($MM) 79,218 542,749 Communication Services 4.34 Holdings are subject to change and are not buy/sell Weighted Median Market Cap Energy 4.25 recommendations. ($MM) 31,135 187,551 Source: FactSet Research Systems Inc. Asset mix (%) Dom Common Stock 97.37 About risk Intl Common Stock 0.58 Derivatives may be more volatile and less liquid than traditional investments and are subject to market, Cash 1.98 interest rate, credit, leverage, counterparty and management risks. An investment in a derivative could lose more than the cash amount invested. Other 0.07 Because the fund operates as a passively managed index fund, adverse performance of a particular stock ordinarily will not result in its elimination from the fund's portfolio. Ordinarily, the Adviser will not sell the fund's portfolio securities except to reflect changes in the stocks that comprise the S&P 500 Index, or as may be necessary to raise cash to pay fund shareholders who sell fund shares. The fund's value may be affected by changes in the stock markets. Stock markets may experience significant short-term volatility and may fall or rise sharply at times. Adverse events in any part of the equity or fixed- income markets may have unexpected negative effects on other market segments. Different stock markets may behave differently from each other and U.S. stock markets may move in the opposite direction from one or more foreign stock markets. The fund is subject to certain other risks. Please see the current prospectus for more information regarding the risks associated with an investment in the fund.

Before investing, investors should carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. For this and more complete information about the fund(s), investors should ask their advisors for a prospectus/summary prospectus or visit invesco.com/fundprospectus. This does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial professional before making any investment decisions. Note: Not all products available at all firms. Financial professionals, please contact your home office. All data provided by Invesco unless otherwise noted. Invesco Distributors, Inc. invesco.com/us MS-EWSP-PC-3-E 07/21 Invesco Equally-Weighted S&P 500 Fund