Retail Share Classes Invesco Select Risk Data as of June 30, 2021 High Growth Investor Fund• Target Risk

Investment objective The strategy primarily invests globally across equity, and alternative strategies. The fund seeks total return. Performance of a $10,000 investment Portfolio management Jeffrey Bennett, Jacob Borbidge, Duy Nguyen Class A shares at NAV (June 30, 2011 – June 30, 2021) • Invesco Select Risk High Growth Investor Fund - $23,909 Fund facts $30,000 A: OAAIX C: OCAIX Y: OYAIX R: ONAIX R6: PXGGX R5: PXQIX Total Net Assets $926,636,011 $20,000 Total Number of Holdings 19 Annual Turnover (as of $10,000 12/31/20) 70% 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 0.99 0.99 Class C Shares 1.75 1.75 Investment results Class Y Shares 0.75 0.75 Average annual total returns (%) as of June 30, 2021 Per the current prospectus Class A Shares Class C Shares Class Y Shares Net = Total annual operating expenses less any contractual Inception: Inception: Inception: Style-Specific fee waivers and/or expense reimbursements by the adviser in 04/05/05 04/05/05 04/05/05 Index effect through at least April 30, 2022. See current prospectus for more information. Custom Invesco Select Max Max Risk: High Asset allocation (%) Load CDSC Growth Equity 87.48 Period 5.50% NAV 1.00% NAV NAV Investor Index Fixed Income 6.03 Inception 7.25 7.62 7.22 7.22 7.99 - Alternative 5.95 10 Years 8.49 9.11 8.46 8.46 9.41 9.38 Cash 0.54 5 Years 11.36 12.62 11.77 11.77 12.90 13.51 3 Years 9.48 11.57 10.72 10.72 11.84 13.69 Portfolio allocations are displayed in terms of notional value and may exceed 100% as a result of exposure to derivatives. 1 Year 29.97 37.53 35.48 36.48 37.86 34.90 Holdings are subject to change and do not represent a Quarter -0.06 5.73 4.51 5.51 5.82 6.74 recommendation from Invesco. 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 -8.33 17.60 28.08 1.91 -0.34 3.51 24.90 -13.02 26.76 13.52 10.59

• Effective May 15, 2020, the Invesco Oppenheimer Portfolio Series: Growth Investor Fund was renamed Invesco Select Risk: High Growth Investor Fund. The fund's investment objective, policy and strategy also changed. Please see the prospectus for additional information. Class Y shares are available only to certain investors. See the prospectus for more information. Asset allocation/diversification does not guarantee a profit or eliminate the risk of loss. The Custom Invesco Select Risk: High Growth Investor Index, created byInvesco to serve as a benchmark for the Fund, is composed of the followingindexes: 90% MSCI All Country World Index and 10% Bloomberg BarclaysGlobal Aggregate Bond Index, Hedged. 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. 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 Fund holdings (% of total net assets) About risk Invesco Global Fund 11.93 An issuer may be unable to meet interest and/or principal payments, thereby causing its instruments to decrease in value and lowering the issuer’s credit rating. Invesco Discovery Mid Cap Growth Fund 10.02 Derivatives may be more volatile and less liquid than and are subject to market, Invesco Main Street Small Cap Fund 9.87 interest rate, credit, leverage, counterparty and management risks. An investment in a derivative could lose more than the cash amount invested. Invesco S&P SmallCap Low Volatility ETF 8.91 Stock and other equity securities values fluctuate in response to activities specific to the company as well as Invesco Russell 1000 Dynamic Multifactor general market, economic and political conditions. ETF 8.20 The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues. Invesco S&P 500 Low Volatility ETF 6.48 The fund is subject to the risks of the underlying funds. Market fluctuations may change the target weightings Invesco S&P 500 Pure Growth ETF 5.33 in the underlying funds and certain factors may cause the fund to withdraw its investments therein at a disadvantageous time. Invesco Developing Markets Fund 5.21 Junk bonds have greater risk of default or price changes due to changes in the issuer’s credit quality. Junk Invesco International Small-Mid Company bond values fluctuate more than high quality bonds and can decline significantly over a short time. Fund 4.21 Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa. of small and mid-sized companies tend to be more vulnerable to adverse developments, may be more Invesco Core Plus Bond Fund 4.01 volatile, and may be illiquid or restricted as to resale. Invesco RAFI Strategic Developed ex-US ETF 3.94 The fund is subject to certain other risks. Please see the current prospectus for more information regarding Invesco International Select Equity Fund 3.92 the risks associated with an investment in the fund. Invesco Emerging Markets All Cap Fund 3.47 Invesco S&P International Developed Low Volatility ETF 3.47 Invesco Macro Allocation Strategy Fund 3.24 Invesco S&P Emerging Markets Low Volatility ETF 2.48 Invesco 1-30 Laddered Treasury ETF 2.01 Invesco Global Real Estate Income Fund 1.72 Invesco Global Infrastructure Fund 0.98 Holdings are subject to change and are not buy/sell recommendations. Total may not equal 100% due to 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-OPSGI-PC-1 07/21 Invesco Select Risk High Growth Investor Fund