Mutual Fund Retirement Share Classes Invesco S&P 500 Data as of June 30, 2021 Index Fund Large-cap blend Investment objective A passively managed large-cap blend strategy that purchases the stocks of the companies that constitute the The fund seeks total return through growth of capital 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 R6 Shares Seisser Inception: Inception: Inception: Style-Specific 09/26/97 09/26/97 04/04/17 Index Fund facts S&P 500 Nasdaq A: SPIAX C: SPICX Y: SPIDX Period NAV NAV NAV Index R6: SPISX Inception 7.98 8.24 -- Total Net Assets $2,127,536,385 10 Years 14.19 14.48 14.34 14.84 Total Number of Holdings 506 5 Years 17.00 17.29 17.31 17.65 Annual Turnover (as of 3 Years 18.05 18.32 18.40 18.67 08/31/20) 2% 1 Year 40.07 40.39 40.45 40.79 Distribution Frequency Annually Quarter 8.40 8.45 8.49 8.55 Performance quoted is past performance and cannot guarantee comparable future results; current performance Top 10 holdings (% of total net assets) may be lower or higher. Visit invesco.com/performance for the most recent month-end performance. Apple 5.77 Performance figures reflect reinvested distributions and changes in net asset value (NAV). Investment return and principal value will vary, and you may have a gain or a loss when you sell shares. Class A shares at NAV are Microsoft 5.49 available only to certain investors and have no sales charge; therefore, performance is at NAV. Class Y shares Amazon 3.96 have no sales charge; therefore, 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 Facebook 'A' 2.24 includes the 12b-1 fees applicable to Class A shares. Class R6 shares have no sales charge; therefore, Alphabet 'A' 1.97 performance is at NAV. Fund performance reflects any applicable fee waivers and/or expense reimbursements. Alphabet 'C' 1.92 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 Berkshire Hathaway 'B' 1.42 charges. Tesla 1.40 Index source: FactSet Research Systems Inc. Nvidia 1.34 JPMorgan Chase 1.27 Calendar year total returns (%) Class A shares at NAV Holdings are subject to change and are not buy/sell recommendations. 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 YTD 1.51 15.31 31.69 13.00 0.82 11.31 21.13 -4.92 30.77 17.82 14.94 Expense ratios % net % total Class A shares at NAV and Class Y shares are available only to certain investors. Class R6 shares are primarily intended for Class A Shares 0.54 0.54 retirement plans that meet certain standards and for institutional investors. See the prospectus for more information. Class Y Shares 0.30 0.30 The fund holdings are organized according to the Global Industry Classification Standard, which was developed by and is the exclusive property and service mark of MSCI Inc. and Standard & Poor’s. Class R6 Shares 0.24 0.24 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. Per the current prospectus 12-month forward and trailing P/E are calculated using weighted harmonic averaging, which helps avoid extreme results that 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 Statistics between the next twelve months' mean EPS estimate and the previous twelve months' actuals. The three-year EPS growth Fund vs. Index 3 years 5 years rate is a weighted average of each stock's growth rate in earnings per share (EPS). EPS is total earnings divided by the number of shares outstanding. The five-year dividend growth rate is the weighted average of each stock's annualized percentage rate Alpha (%) -0.55 -0.57 of growth in dividend yield over five years. The three-year EPS and five-year dividend growth rates are not forecasts of fund Beta 1.00 1.00 performance. Alpha (cash adjusted) is a measure of performance on a risk-adjusted basis. Beta (cash adjusted) is a measure of relative risk and the slope of regression. The up and down capture measures how well a manager was able to replicate or Up Capture (%) 98.78 98.29 improve on periods of positive benchmark returns and how severely the manager was affected by periods of negative benchmark returns. Standard deviation measures a fund’s range of total returns and identifies the spread of a fund’s short- Down Capture (%) 100.78 100.83 term fluctuations. fund index Not a deposit; Not FDIC insured; Not guaranteed by the bank; May lose value; Not insured by any federal agency 3-Year Standard Deviation 18.54 18.52 Source: StyleADVISOR; based on Class A shares and fund's style-specific index Top industries (% of total net assets) Valuation statistics fund index Equity sector breakdown (% of total net Systems Software 6.29 12-Month Forward P/E 20.09 21.41 assets) Interactive Media & Services 6.28 12-Month Trailing P/E 26.77 27.14 Information Technology 26.74 Technology Hardware, Storage & Price/Book (Wtd. Har. Avg.) 4.47 4.67 Health Care 12.68 Peripherals 6.09 1-Year ROE (Wtd. Avg.) 25.57 25.54 Consumer Discretionary 11.97 Semiconductors 4.72 12-Month Fwd. Growth Rate Financials 11.04 Internet & Direct Marketing Retail 4.16 (Wtd. Avg.) (%) 17.21 17.17 Communication Services 10.85 Data Processing & Outsourced 3-Year EPS Growth Rate (Wtd. Industrials 8.34 Services 3.88 Avg.) (%) 18.65 18.65 Consumer Staples 5.72 Pharmaceuticals 3.54 5-Year Dividend Growth Rate Energy 2.77 (Wtd. Avg.) (%) 9.29 9.27 Health Care Equipment 3.23 Materials 2.54 Diversified Banks 3.22 Weighted Average Market Cap ($MM) 542,973 542,749 Real Estate 2.49 Application Software 2.36 Weighted Median Market Cap Utilities 2.38 Holdings are subject to change and are not buy/sell ($MM) 187,551 187,551 recommendations. Source: FactSet Research Systems Inc. Asset mix (%) About risk Dom Common Stock 96.98 Derivatives may be more volatile and less liquid than traditional investments and are subject to market, Intl Common Stock 0.61 interest rate, credit, leverage, counterparty and management risks. An investment in a derivative could lose more Cash 2.37 than the cash amount invested. Stock and other equity securities values fluctuate in response to activities specific to the company as well as Other 0.04 general market, economic and political conditions. 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 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-SPI-PC-3-E 07/21 Invesco S&P 500 Index Fund.