Retail Share Classes Invesco Global Data as of June 30, 2021 Allocation Fund• Global-Macro

Investment objective The strategy seeks to achieve attractive total returns without taking undue risk by dynamically allocating across The fund seeks total return. a variety of asset classes with a short-to-medium term horizon.

Portfolio management Performance of a $10,000 investment Duy Nguyen, Alessio de Longis Class A shares at NAV (June 30, 2011 – June 30, 2021) • Invesco Global Allocation Fund - $18,150 Fund facts $20,000 A: QVGIX C: QGRCX Y: QGRYX R: QGRNX R6: QGRIX R5: GLALX Total Net Assets $1,415,116,529 Total Number of Holdings 385 $10,000 Annual Turnover (as of 10/31/20) 82% Distribution Frequency Annually

0 Expense ratios % net % total 6/11 6/12 6/13 6/14 6/15 6/16 6/17 6/18 6/19 6/20 6/21 Class A Shares 1.35 1.46 Class C Shares 2.10 2.21 Investment results Class Y Shares 1.10 1.21 Average annual total returns (%) as of June 30, 2021 Class A Shares Class C Shares Class Y Shares Per the current prospectus Net = Total annual operating expenses less any contractual Inception: Inception: Inception: Style-Specific fee waivers and/or expense reimbursements by the adviser in 11/01/91 09/01/93 05/01/00 Index effect through at least June 30, 2022. See current prospectus for more information. Custom Max Max Invesco Global Load CDSC Allocation Asset allocation (%) Period 5.50% NAV 1.00% NAV NAV Index Linked US Equity 27.00 Inception 7.81 8.02 7.63 7.63 5.21 - International Equity 25.00 10 Years 5.54 6.14 5.52 5.52 6.44 7.33 Emerging Equity 15.80 5 Years 7.55 8.77 7.95 7.95 9.05 10.14 Government Bonds 25.90 3 Years 7.56 9.60 8.77 8.77 9.86 10.95 Total Credit 19.70 1 Year 20.73 27.78 25.76 26.76 28.08 22.26 Income Alternatives 0.30 Quarter -1.06 4.70 3.48 4.48 4.77 4.80 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. Performance figures reflect reinvested distributions and changes in (NAV). Investment return and principal value will vary, and you may have a gain or a loss when you sell shares. No contingent deferred sales charge (CDSC) will be imposed on redemptions of Class C shares following one year from the date shares were purchased. Performance shown at NAV does not include applicable CDSC or front-end sales charges, which would have reduced the performance. Class Y shares have no sales charge; therefore, performance is at NAV. Returns less than one year are cumulative; all others are annualized. Fund performance reflects any applicable fee waivers and/or expense reimbursements. Had the adviser not waived fees and/or 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. As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges. Index sources: Invesco, RIMES Technologies Corp.

Calendar year total returns (%) Class A shares at NAV 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 YTD -7.77 10.17 17.79 0.10 0.40 4.75 14.83 -9.72 16.35 14.42 8.08 • Effective September 30, 2020, "Oppenheimer" was removed from the fund name. Please see the prospectus for additional information. Class Y shares are available only to certain investors. See the prospectus for more information. The Custom Invesco Global Allocation Index Linked is composed of 30% / 30% MSCI All Country World ex- US Index/ 20% Bloomberg Barclays U.S. Aggregate Bond Index/20% Bloomberg Barclays Multiverse ex US Index from Jan. 1, 31, 2003, through Sept. 30, 2015, and 60% MSCI All Country World Index/ 40% Bloomberg Barclays Global Aggregate Bond Hedged USD from Oct. 1, 2015, to present. The Russell 1000 Index is considered representative of large-cap . The Russell 1000 Index is a trademark/service mark of the Frank Russell Co. Russell® is a trademark of the Frank Russell Co. The MSCI All Country World ex-US Index is considered representative of developed and emerging market markets, excluding the US, and is computed using the net return, which withholds applicable taxes for non-resident investors. The Bloomberg Barclays U.S. Aggregate Bond Index is considered representative of the US investment-grade, fixed-rate bond market. The Bloomberg Barclays Multiverse ex US Index is a broad-based measure of the global fixed-income bond market, excluding the US. The MSCI All Country World Index is considered representative of equity markets of developed and emerging markets and is computed using the net return, which withholds applicable taxes for non-resident investors. The Bloomberg Barclays Global Aggregate Bond Hedged USD is considered representative of global investment grade fixed-rate debt markets while hedging the currency back to the US dollar. An investment cannot be made directly in an index.

Not a deposit; Not FDIC insured; Not guaranteed by the bank; May lose value; Not insured by any federal agency Overall Morningstar rating™ Morningstar rankings Lipper rankings (Class A shares as of June 30, 2021) Class A shares vs. Morningstar World Allocation Class A Shares vs. Lipper Alternative Global Macro AAAA Category Funds Category Ratings are based on a risk-adjusted return measure that 1 Year 33% (143 of 459) 1 Year 22% (44 of 207) accounts for variation in a fund’s monthly performance, placing more emphasis on downward variations and 3 Years 29% (126 of 415) 3 Years 22% (42 of 195) rewarding consistent performance. Open-end mutual funds 5 Years 37% (125 of 362) 5 Years 26% (46 of 179) and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated 10 Years 57% (132 of 229) 10 Years 24% (26 of 111) for funds with at least a three year history. The overall rating Source: Morningstar Inc. Morningstar rankings are based on Source: Lipper Inc. Lipper fund percentile rankings are based is derived from a weighted average of three-, five- and 10- total return, excluding sales charges and including fees and on total returns, excluding sales charges and including fees year rating metrics, as applicable, excluding sales charges expenses versus all funds in the Morningstar category. Open- and expenses, and are versus all funds in the Lipper category. and including fees and expenses. Had fees not been waived end mutual funds and exchange-traded funds are considered Fund performance reflects any applicable fee waivers and/or and/or expenses reimbursed currently or in the past, the a single population for comparison purposes. Had fees not expense reimbursements. Had fees not been waived and/or Morningstar rating would have been lower. Class A shares been waived and/or expenses reimbursed currently or in the expenses reimbursed currently or in the past, the ranking received 4 stars for the overall, 4 stars for the three years, 4 past, the ranking would have been lower. would have been lower. stars for the five years and 3 stars for the 10 years. The fund was rated among 415, 415, 362 and 229 funds within the Morningstar World Allocation Category for the overall period, About risk three, five and 10 years, respectively. Alternative products typically hold more non- and employ more complex trading Source: ©2021 Morningstar Inc. All rights reserved. The strategies, including hedging and leveraging through derivatives, short selling and opportunistic strategies that information contained herein is proprietary to Morningstar change with market conditions. Investors considering alternatives should be aware of their unique characteristics and/or its content providers. It may not be copied or and additional risks from the strategies they use. Like all investments, performance will fluctuate. You can lose distributed and is not warranted to be accurate, complete or money. timely. Neither Morningstar nor its content providers are Commodities may subject an investor to greater volatility than traditional securities such as stocks and bonds responsible for any damages or losses arising from any use and can fluctuate significantly based on weather, political, tax, and other regulatory and market developments. of this information. Past performance is no guarantee of Debt securities are affected by changing interest rates and changes in their effective maturities and credit future results. Ratings are as of the most recent quarter end and are subject to change every month. The top 10% of quality. funds in a category receive five stars, the next 22.5% four Derivatives may be more volatile and less liquid than traditional investments and are subject to market, stars, the next 35% three stars, the next 22.5% two stars interest rate, credit, leverage, counterparty and management risks. An investment in a derivative could lose more and the bottom 10% one star. Ratings for other share than the cash amount invested. These risks are greater for the fund than most other funds because its classes may differ due to different performance investment strategy is implemented primarily through derivatives rather than direct investments in more characteristics. traditional securities. Stock and other equity securities values fluctuate in response to activities specific to the company as well as Fund holdings (% of total net assets) general market, economic and political conditions. The risks of investing in securities of foreign issuers, including emerging markets, can include fluctuations in Invesco Russell 1000 Dynamic Multifactor foreign currencies, political and economic instability, and foreign taxation issues. ETF 15.95 The fund is subject to the risks of the underlying funds. Market fluctuations may change the target weightings United States Treasury Note/Bond (1.13) in the underlying funds and certain factors may cause the fund to withdraw its investments therein at a 15/02/2031 9.43 disadvantageous time. Leverage created from borrowing or certain types of transactions or instruments may impair liquidity, cause Invesco International Developed Dynamic positions to be liquidated at an unfavorable time, lose more than the amount invested, or increase volatility. Multifactor ETF 9.29 The Fund invests in financial instruments that use the London Interbank Offered Rate (“LIBOR”) as a Xtrackers USD High Yield Corporate Bond reference or benchmark rate for variable interest rate calculations. LIBOR will be phased out by the end of 2021, ETF 6.29 and it's anticipated that LIBOR will cease to be published after that time. The uncertainty on the effects of the LIBOR transition process, therefore any impact of the LIBOR transition on the Fund or its investments cannot yet United States Treasury Note/Bond (2.75) be determined. There is no assurance an alternative rate will be similar to, produce the same value or economic 15/02/2028 5.10 equivalence or instruments using the rate will have the same volume or liquidity as LIBOR. Any effects of LIBOR Invesco Senior Loan ETF 4.86 transition and the adoption of alternative rates could result in losses to the Fund. Short sales may cause an investor to repurchase a security at a higher price, causing a loss. As there is no Invesco Emerging Markets Sovereign Debt limit on how much the price of the security can increase, exposure to potential loss is unlimited. ETF 3.83 Stocks of small and mid-sized companies tend to be more vulnerable to adverse developments, may be Invesco Russell 2000 Dynamic Multifactor more volatile, and may be illiquid or restricted as to resale. ETF 3.16 The fund may invest in derivatives either directly or, in certain instances, indirectly through Invesco Cayman Commodity Fund VII Ltd., a wholly owned subsidiary of the fund organized under the laws of the Cayman Islands United States Treasury Note/Bond (1.63) (Subsidiary). Because the Subsidiary is not registered under the Investment Company Act of 1940, as amended 15/02/2026 2.85 (1940 Act), the fund, as the sole investor in the Subsidiary, will not have the protections offered to investors in Invesco Fundamental High Yield Corporate U.S. registered investment companies. Underlying investments may appreciate or decrease significantly in value over short periods of time and Bond ETF 2.79 cause share values to experience significant volatility over short periods of time. Holdings are subject to change and are not buy/sell The fund is subject to certain other risks. Please see the current prospectus for more information regarding recommendations. Total may not equal 100% due to the risks associated with an investment in the fund. rounding.

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 O-GLAL-PC-1 07/21 Invesco Global Allocation Fund