Emerging Market Equities Morningstar RatingTM

Investing in exceptional companies for the long term Class A shares were rated 4 stars overall among 701 Diversified Despite the near-term challenges that equities have been facing, we believe that in the long term, a Emerging Markets funds. Morningstar backdrop of a recovery in EM growth, a weaker US dollar, and continued low global rates are favorable measures risk-adjusted returns. The for EM equities. Continued structural reform, a larger pipeline of consumer and new economy IPOs, overall rating is a weighted average along with opportunities in fintech, e-commerce, and O2O (online to offline) in Southeast Asia and based on the fund’s 3-, 5-, and Latin America, present compelling long-term opportunities for investors. 10-year rating as of 06/30/21.1

Emerging markets over the last few years have been volatile and have underperformed their developed market counterparts.2 As such, investors are beginning to allocate away from emerging market equities until a sustainable recovery is seen. By doing so, investors may be missing out on maximizing their return potential. Trying to Time EM Equities (2000-2020)3 Fully Invested in EM Equities 9 $46,208 7.56% Missed Best Year 6 $25,812 4.86% Missed 3 Best Years Missed 5 Best Years 3 $9,953 –0.03% $6,374 –2.78% 0 -3 -6 Based on initial $10,000 investment. Higher quality outperformed over Identifying exceptional companies Invesco Developing Markets Fund Performance 4 Average annual total returns (%) as of June 30, 2021 the long term What we look for While lower-quality names have historically had • Sustainable competitive advantages Since periods of strong performance, higher-quality • Have innovative products or unique 1 Year 3 Year 5 Year 10 Year Inception companies have outperformed over the long assets Class A Shares at NAV 36.80 11.22 13.54 5.70 11.93 Class A Shares w/ 5.50% max. load 29.27 9.15 12.27 5.11 11.67 term. We believe that owning high-quality, • Have real options that manifest Class Y Shares 37.16 11.49 13.82 5.99 9.61 exceptional companies is the best way to access over time long-term growth in emerging market equities. Class R6 Shares 37.35 11.67 14.01 – 8.59 • Strong long-term financial MSCI EM Index 40.90 11.27 13.03 4.28 – Annualized Return: 2001–2021 performance Morningstar Percentile Rank and Ranking 75th 45th 30th 24th • Strong and shareholder-friendly Diversified EM Category (Class A Shares) #602/789 #355/701 #208/602 #87/306 – management teams Annual Expense Ratios: A Shares Gross: 1.22%, Y Shares Gross: 0.97%, R6 Shares Gross: 0.82%. 5 What we avoid Class A inception date: 11/18/96. Class Y inception date: 9/7/05. Class R6 inception date: 12/29/11. MSCI EM Quality Index 11.60% Performance quoted is past performance and cannot guarantee comparable future results. Current performance and/ • Mean reversion/pattern recognition or expenses may be higher or lower. Visit invesco.com for the most recent month-end performance. Investment returns • Capital-intensive, cyclical industries and principal value will vary; you may have a gain or loss when you sell shares. Performance figures reflect reinvested • Companies without sustainable distributions and changes in share price and the effect of the max. sales charge unless otherwise stated. Class R6 and Y 3 MSCI EM Index 10.08% advantage shares are not subject to sales charge. Fund performance reflects fee waivers, absent which, performance data quoted would have been lower. See current prospectus for more information. As the result of a reorganization on May 24, 2019, • Product cycle/gadgets the returns of the fund for periods on or prior to May 24, 2019, reflect performance of the Oppenheimer predecessor • State-owned businesses or other fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges. Class I governance conflicts shares were reorganized into Class R6 shares. R6 shares are primarily intended for retirement plans that meet certain standards and for institutional investors. Y shares are generally intended for certain investors, such as wrap-fee based programs or commissionable brokerage platforms that charge sales commission Please keep in mind that high, double- Effective September 30, 2020, Invesco Oppenheimer Developing Markets Fund was renamed Invesco Developing Markets Fund. digit and/or triple-digit returns are highly unusual and cannot be sustained. 1. Morningstar ratings are based on a risk-adjusted return measure that accounts for variation in a fund’s monthly performance, placing more emphasis on the downward variations and rewarding consistent performance. Rankings are based on total return, excluding sales charges and including fees and expenses versus all funds in the Morningstar category. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three-year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Class A shares received 4 stars for the overall, 3 stars for the three years, 4 stars for the five years and 4 stars for the 10 years. The fund was rated among 701, 701, 602, and 306 funds within the Morningstar Diversified Emerging Markets category of the overall period, three, five and 10 years, respectively. Morningstar ratings are as of June 30, 2021, the most recent data available, and are subject to change every month. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings for other share classes may differ due to different performance characteristics. ©2021 Morningstar, Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance cannot guarantee comparable future results. 2. Source: Morningstar Inc., as of 06/30/21. Volatility measured by 3-, 5-, and 10-year standard deviation. Standard deviation measures a fund’s range of total returns and identifies the spread of a fund’s short-term fluctuations. As measured by the MSCI EM Index vs. MSCI EAFE Index. The MSCI EM Index has underperformed the MSCI EAFE Index 5 out of the last 10 calendar years. 3. Source: Morningstar Inc., as of 06/30/21. Returns are for illustrative purposes and are based on the MSCI EM Index. Investors cannot invest in an index and performance is not a guarantee of future results. The MSCI Emerging Markets Index captures large- and mid-cap representation across 24 Emerging Markets (EM) countries. With 1,138 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country. The MSCI EAFE Index is an equity index which captures large and mid cap representation across 21 Developed Markets countries around the world, excluding the US and Canada. With 874 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country. 4. Source: Morningstar Inc., as of 06/30/21. Monthly Returns. Index returns do not represent fund returns. An investor cannot invest directly in an index. 5. MSCI EM Quality Index aims to capture the performance of quality growth stocks by identifying stocks with high-quality scores based on three main fundamental variables: high return on equity (ROE), stable year-over-year earnings growth and low financial leverage. Not a Deposit Not FDIC Insured Not Guaranteed by the Bank May Lose Value Not Insured by any Federal Government Agency 6,7 Invesco Developing Markets Fund A: ODMAX Y: ODVYX R6: ODVIX Since its inception in 1996, the fund has consistently provided compelling, absolute, and relative performance for investors. The fund remains one of the largest actively managed emerging market equity funds in the world8 and has generated returns across all market capitalizations of emerging market stocks. The fund seeks capital appreciation and typically invests in emerging and developing market stocks for EM equities. Continued structural reform, a larger pipeline of consumer and new economy IPOs, along with opportunities in fintech, e-commerce, and O2O (online to offline) in Southeast Asia and Latin America, present compelling long-term opportunities for investors.

Growth of $10,000 (11/18/96–06/30/21) ■ Invesco Developing Markets Fund—Class A NAV ■ MSCI Emerging Markets Index $160,189 150000 Oil Prices, Russia Sanctions Followed by a Recovery and Low-Quality Rally 125000 Financial Crisis $USD 100000

75000 9/11 Terrorist $53,774 Aftermath of Asian Attacks

Investment Financial Crisis, 50000

of Russian Debt Crisis

25000 Value 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Class A Share Calendar Year 6th 15th 21st 1st 71st 19th 17th 5th 6th 97th 66th 14th 21st 9th 32nd 24th 14th 72nd 50th 58th 51st 16th 23rd 48th Percentile Rank9

Class A Share #8/ #23/ #35/ #1/ #132/ #37/ #32/ #10/ #12/ #237/ #185/ #45/ #78/ #33/ #142/ #134/ #87/ #551/ #430/ #454/ #436/ #98/ #223/ #429/ Calendar Year Absolute Rank9 128 154 167 170 187 196 187 201 215 245 282 316 369 385 437 555 639 766 858 784 806 836 835 796 Percentile rank and absolute rank in Morningstar Diversified EM category. Past performance is no guarantee of future results. Compelling historical performance vs. peers: Rolling percentile rankings10

Using 10-year monthly rolling percentile 91% of the time, Invesco Using 5-year monthly rolling percentile 69% of the time, Invesco rankings within the Morningstar Developing Markets Fund has been rankings within the Morningstar Developing Markets Fund has been Diversified Emerging Markets category, in the top quartile. Diversified Emerging Markets category, in the top quartile.

6. As of the open of business on April 12, 2013, Invesco Developing Markets Fund limited public sales of its shares to new investors. For more information on who may continue to invest in the fund, please see the prospectus. 7. Not all share classes are available to all investors; Y shares are only available to certain investors. Class R6 shares are primarily intended for retirement plans and shareholders of omnibus intermediaries that meet certain standards and for institutional investors. See the prospectus for more information. 8. Source: Morningstar Inc. As of 06/30/21, Invesco Developing Markets Fund ranked in the top 10 of funds within the Morningstar Diversified Emerging Markets category by assets under management. 9. S ource: Morningstar Inc., as of 06/30/21. Fund percentile rankings are based on total return, excluding sales charges and including fees and expenses versus all funds in the Morningstar category. Open-end mutual funds and exchange- traded funds are considered a single population for comparison purposes. Had fees not been waived and/or expenses reimbursed currently or in the past, the ranking would have been lower. 10. Source: Morningstar Inc., as of 06/30/21. Ranking is for Class A shares. Rankings are based on the absolute return within the Morningstar Diversified Emerging Markets category. About risk: In general, stock values fluctuate, sometimes widely, in response to activities specific to the company as well as general market, economic and political conditions. The risks of investing in securities of foreign issuers, including emerging market issuers, can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues. Derivatives may be more volatile and less liquid than traditional investments and are subject to market, interest rate, credit, leverage, counterparty and management risks. An investment in a derivative could lose more than the cash amount invested. Stocks of small- and mid-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale. Growth stocks tend to be more sensitive to changes in their earnings and can be more volatile. 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. ESG considerations may vary across investments and issuers, and not every ESG factor may be identified or evaluated for investment. The Fund will not be solely based on ESG considerations; therefore, issuers may not be considered ESG-focused companies. ESG factors may affect the Fund’s exposure to certain companies or industries and may not work as intended. The Fund may underperform other funds that do not assess ESG factors or that use a different methodology to identify and/or incorporate ESG factors. ESG is not a uniformly defined characteristic and as a result, information used by the Fund to evaluate such factors may not be readily available, complete or accurate, and may vary across providers and issuers. There is no guarantee that ESG considerations will enhance Fund performance. 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. 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 financial professionals for a prospectus/summary prospectus or visit invesco.com/fundprospectus. invesco.com/us O-DVM-IG-1 08/21 Invesco Distributors, Inc. NA7629