Invesco Asia Balanced FundEmbracing growth and income opportunities of Asia (ex-Japan)

Fund Flyer | Q2 2018

Important Information• The Fund invests in Asia-Pacific equities and debt securities (excluding Japan).• Investors should note the emerging markets risk, concentration risk of investing in Asia-Pacific (excluding Japan) equities and debt securities, risk of investing in

REITs, currency exchange risk, equities risk, credit rating risk, volatility risk, and general investment risk.• Investment in bonds or other fixed income securities is subject to (a) interest rate risk (b) credit risk (including default risk, downgrading risk and liquidity risk) and (c)

risks relating to high yield bonds/non-investment grade bonds and/or un-rated bonds.• Financial derivative instruments (FDI) may be used for efficient portfolio management purposes or to hedge or reduce the overall risk of investments. Risks

associated with FDI include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDI may lead to a high risk of significant loss by the Fund.

• For certain share class(es), the Fund may at discretion pay dividend out of the capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction of the net asset value per share in respect of such share class after the monthly distribution date. (Note 1)

• In addition, investors of Monthly Distribution-1 share class that are currency hedged (MD-1 hedged) should be aware of the uncertainty of relative interest rates. The net asset value of the MD-1 hedged may fluctuate and may significantly differ from other share class due to fluctuation of the interest rate differential between the currency in which the MD-1 hedged is denominated and the base currency of the Fund and may result in a greater erosion of capital than other non-hedged share class. (Note 2)

• The value of the Fund can be volatile and could go down substantially.• Investors should not base their investment decision on this material alone.

Source: US, Eurozone, Japan data: CEIC, Morgan Stanley Research. Morgan Stanley Research estimates, as of January 24, 2018. Asia ex-Japan: CLSA. as of January 25, 2018. E=estimates.

Asia ex-Japan economies show stable GDP growth

-1.0

3.0

7.0

2016

2017

E

2018

E

2016

2017

E

2018

E

2016

2017

E

2018

E

2016

2017

E

2018

E

1.5 2.3 2.5 1.8 2.3 2.1 1.0 1.5 1.3

5.7 6.1 5.9

US

Eurozone Japan Asia ex-Japan

Dynamic asset allocation (%)

0

20

40

60

80

100

Stocks Bonds Cash

03/0

4

03/0

5

03/0

6

03/0

7

03/0

8

03/0

9

03/1

0

03/1

1

03/1

2

03/1

3

03/1

4

03/1

5

03/1

6

03/1

7

03/1

8

Bonds (39.4%)

Stocks (58.9%)

Fund Highlights

The distribution yields of various MD-1 share classes

Share class Amount/Share(Share class currency)

Annualized dividend yield (%)

A (AUD Hedged)-MD-1 0.0460 6.93

A (CAD Hedged)-MD-1 0.0350 5.20

A (NZD Hedged)-MD-1 0.0510 7.70

A (USD)-MD-1 0.0370 4.98

Annualized Dividend Rate = (Amount/Share x 12)÷ Price on Record date.

Changes in bond prices if interest rates rise 100 basis points

Source : Invesco. For illustrative purpose only. Impact of interest rate changes to fixed income securities prices (holding other factors constant). Bond prices (assume at par value) may change in response to a variety of factors not solely related to interest rates.

0 Year 1 Year 2 Years 3 Years 4 Years

-1% -2%

-3%

Limited/no effect from

duration

-4%

Bond duration (in years)

Capture Asian growth opportunities Strong economic growth in Asia (ex-Japan) drives corporate earnings, benefitting the outlook of their equity markets.

1

Dynamic asset allocation under different market conditionsThe portfolio’s weighting in stocks and bonds is actively adjusted in different market conditions, aiming to achieve an optimal asset mix that mitigates portfolio volatility.

3

Monthly Distribution-1 share classes* for potential income available (Aiming to pay dividends on a monthly basis. Dividends are not guaranteed and may be paid out of its capital. Please refer to Note 1 and

Note 2 of “Important Information” in this page)The Fund has four Monthly Distribution-1 share classes*.

4

2 A zero duration strategy minimizes interest rate riskThe bond portion of the Fund adopts a zero duration strategy (0.25 year) with full interest rate hedging, trying to minimize interest rate risk in a rising interest rate environment.

Source: Invesco, as of March 29, 2018. Upon dividend distribution, the Fund’s net asset value may fall on the ex-dividend date. All distributions below USD50 in value (or its equivalent) will be automatically applied in the purchase of further shares of the same class. *Past performance is not indicative of future performance. Positive distribution yield does not imply a positive return.

Source : Invesco, as of March 31, 2018. Portfolio characteristics may change without further notice.

This document is intended only for investors in Hong Kong. It is not intended for and should not be distributed to, or relied upon, by the unauthorized people. Circulation, disclosure, or dissemination of all or any part of this material to any unauthorized persons is prohibited.

Invesco Asia Balanced FundEmbracing growth and income opportunities of Asia (ex-Japan)

Fund Flyer | Q2 2018

Important information

All data are sourced from Invesco as of March 31, 2018 unless otherwise stated. Investment involves risks. Past performance is not indicative of future performance. Investors should read the relevant prospectus for details, including the risk factors and product features.

This document is intended to be used only for investors in Hong Kong. This document is not to be distributed to any other party. The information in this document is presented for discussion and illustrative purposes only and is not a recommendation or an offer to buy or sell any securities or investment advisory services. This document should not be distributed to retail clients who are resident in jurisdiction where its distribution is not authorized or is unlawful.

This document is not an offering document for any securities or services and is intended for information purposes. Certain information included in this document is based on information obtained from sources considered to be reliable, however, Invesco does not guarantee the accuracy of such information and such information may be incomplete or condensed and are provided for discussion purposes only.

This document may not be transmitted, reproduced or made available to any other person. The information contained herein is proprietary and confidential to Invesco and its affiliates and may not be disclosed to third parties or duplicated or used for any purpose other than the purpose for which it has been provided. Any unauthorized use, duplication or disclosure of this document is prohibited by law. Please note that the information appearing in this document is accurate only as of the date hereof or as specifically indicated herein.

This document is not complete without all pages and the accompanying oral presentation.

These documents contain statements that are ”forward-looking statements,” which are based on certain assumptions of future events. Forward-looking statements are based on information available on the date hereof, and Invesco does not assume any duty to update any forward-looking statement. Actual events may differ from those assumed. There can be no assurance that forward-looking statements, including any projected returns, will materialize or that actual market conditions and/or performance results will not be materially different or worse than those presented. Certain data and other information in this document have been supplied by outside sources and are believed to be reliable as of the date of this document. Invesco has not verified and cannot verify the accuracy of information from outside sources, and potential investors should be aware that such information is subject to change without notice. Information is current as of the date noted. Invesco does not provide legal or tax advice and we encourage you to consult your own lawyer, accountant or other advisor before making an investment.

An investment may be risky and may not be suitable for an investor’s goals, objectives and risk tolerance. Investors should be aware that an investment’s value may be volatile and any investment involves the risk that you may lose money. The value of a strategy's investments will vary day to day in response to many factors, including in response to adverse issuer, political, regulatory, market or economic developments. The value of an individual security or a particular type of security can be more volatile than the market as a whole and can perform differently from the value of the market as a whole.

All trademarks and service marks included herein belong to Invesco or an affiliate, except third- party trademarks and service marks, which belong to their respective owners. Past performance is no guarantee of future results.

Restriction on distribution

Hong Kong

This document is provided to investors only in Hong Kong. This document is for informational purposes only and is not an invitation to subscribe for shares in a fund nor is it to be construed as an offer to buy or sell any financial instruments. Circulation, disclosure, or dissemination of all or any part of this document to any unauthorized persons is prohibited.

This document is issued in Hong Kong by Invesco Asset Management Asia Limited 景順投資管理亞洲有限公司, 41/F, Champion Tower, Three Garden Road, Central Hong Kong. This document has not been reviewed by the Securities and Futures Commission.

2018

04 (

AP4

25)

This document is intended only for investors in Hong Kong. It is not intended for and should not be distributed to, or relied upon, by the unauthorized people. Circulation, disclosure, or dissemination of all or any part of this material to any unauthorized persons is prohibited.

Invesco Asia Balanced Fund31 May 2018

Morningstar RatingTM*AAA

Invesco Funds Hotline: (852) 3191 8282 Invesco Distributors Hotline: (852) 3191 8000 Fax: (852) 3128 6500 Email: investorservices@invesco.com Website: www.invesco.com.hk

Important Information

2017

10(A

P982

)

For all offeringdocuments

Effective 30 April 2016, the reference index changed from 50% HSBC ADB Index & 50% MSCI AC Asia Pacific ex Japan Index (the “Previous Index”) to 50% Markit iBoxx ADBI and 50% MSCI AC AsiaPacific ex Japan Index (the “Current Index”). Performance of the Current Index applies retrospectively to 1 Jan 2013 (the earliest data available). The index data before 1 Jan 2013 belongs to the PreviousIndex. Investment involves risks. Past performance is not indicative of future performance. Investors should read the relevant prospectus for details, including the risk factors and product features. Thismaterial has not been reviewed by the Securities and Futures Commission and is issued by Invesco Asset Management Asia Limited (景順投資管理亞洲有限公司). ©2018 Morningstar, Inc. All rightsreserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is provided for reference purposes only. NeitherMorningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Asset allocation data is derived by Morningstar using full holdings data provided byInvesco. Morningstar Licensed Tools and Content powered by Interactive Data Managed Solutions.All data is as of the date of this document and sourced from Invesco unless otherwise stated.Portfolio weightings and allocations are subject to change. The weightings for each breakdown are rounded to the nearest tenth or hundredth of a percent; therefore, the aggregate weights for eachbreakdown may not equal 100%.*Source: Data as of the date of this document. Performance of the share class(es) and Morningstar rating are sourced from ©2018 Morningstar. Index performance is sourced from Invesco. Morningstarrating (if applicable) is given to the share class as shown in the Indexed performance chart. Performance of the share class(es) is calculated based on NAV to NAV, gross income re-invested in share classcurrency.

Important Information

- The Fund invests in Asia-Pacific equities and debt securities (excluding Japan).- Investors should note the emerging markets risk, concentration risk of investing in Asia-Pacific (excluding Japan) equities and debt securities, risk of investing in REITs, currency exchange risk, equities risk, credit rating

risk, volatility risk, and general investment risk.- Investment in bonds or other fixed income securities is subject to (a) interest rate risk (b) credit risk (including default risk, downgrading risk and liquidity risk) and (c) risks relating to high yield bonds/non-investment

grade bonds and/or un-rated bonds .- Financial derivative instruments (FDI) may be used for efficient portfolio management purposes or to hedge or reduce the overall risk of investments. Risks associated with FDI include counterparty/credit risk, liquidity

risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDImay lead to a high risk of significant loss by the Fund.

- For certain share class(es), the Fund may at discretion pay dividend out of the capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capitalgains attributable to that original investment. Any such distributions may result in an immediate reduction of the net asset value per share in respect of such share class after the monthly distribution date. (Note 1)

- In addition, investors of Monthly Distribution-1 share class that are currency hedged (MD-1 hedged) should be aware of the uncertainty of relative interest rates. The net asset value of the MD-1 hedged may fluctuateand may significantly differ from other share class due to fluctuation of the interest rate differential between the currency in which the MD-1 hedged is denominated and the base currency of the Fund and may result ina greater erosion of capital than other non-hedged share class. (Note 2)

- The value of the Fund can be volatile and could go down substantially.- Investors should not base their investment decision on this material alone.

Objectives and investment strategy

The primary objective of the Fund is to generate income from investment in Asia-Pacificequities and debt securities (excluding Japan). The Fund will also aim to provide long-term capital appreciation.

Key facts

Fund manager Mike Shiao, Ken HuShare class launch dateA (USD)-QD Shares 31/10/08Legal Status Luxembourg SICAV with UCITS statusShare class currency USDFund Size USD 514.69 mnInitial Charge (up to) 5.00%Annual Management Fee 1.25%Reference Index 50% Markit iBoxx ADBI and 50% MSCI AC Asia Pacific ex

Japan Index

Asset breakdown %

Equity 57.3Bond 40.6Cash 2.0

References IVRSCode

Bloomberg code ISIN code

A(AUD Hgd)-MD-1 Shares 940 IABAMAH LX LU1075212750A(CAD Hgd)-MD-1 Shares 941 IABAMCH LX LU1075212834A(EUR Hgd)-Acc Shares 926 INASBAH LX LU0482498259A(HKD)-MD Shares 937 INBAIMH LX LU1075207677A(HKD)-QD Shares 927 INASAHQ LX LU0580551074A(NZD Hgd)-MD-1 Shares 942 IABAMNH LX LU1075213055A(USD)-Acc Shares 921 INASBAA LX LU0367026217A(USD)-MD Shares 933 INASBAU LX LU0941602780A(USD)-MD-1 Shares 934 INAMDUS LX LU0955864656A(USD)-QD Shares 920 INASBAI LX LU0367026134

Yield %

Equities 4.13Bonds 6.32Equity yield refers to dividend yield of the underlying equity portfolio. Bond yield refers toyield to maturity of the underlying bond portfolio. These figures are not the dividendyield received by investors. For annualized dividend yield, please refer to Distributioninformation.

3 year characteristics*A (USD)-QD Shares

Volatility 7.38Peer Group Volatility 8.71Volatility is measured by the standard deviation of the fund, based on its annual rates ofreturn over the past 3 years in base currency of the fund. Peer Group Volatility refers tothe volatility of the offshore and international funds which are categorized under AsiaAllocation Sector by Morningstar.

Indexed performance*

Invesco Asia Balanced Fund (A (USD)-QD Shares) Index

05/13 05/14 05/15 05/16 05/17 05/1880

90

100

110

120

130

140

Cumulative performance*

% YTD 1 year 3 years 5 yearsA (AUD Hgd)-MD-1 Shares -2.46 5.03 3.64 -A (CAD Hgd)-MD-1 Shares -2.84 4.21 0.11 -A (EUR Hgd)-Acc Shares -3.46 2.65 -2.99 1.68A (HKD)-MD Shares -1.95 5.81 2.84 -A (HKD)-QD Shares -1.93 5.82 2.84 8.13A (NZD Hgd)-MD-1 Shares -2.29 5.55 5.69 -A (USD)-Acc Shares -2.37 5.02 1.55 6.91A (USD)-MD Shares -2.35 5.05 1.67 -A (USD)-MD-1 Shares -2.37 5.04 1.57 -A (USD)-QD Shares -2.35 5.02 1.59 6.95Index -1.12 7.78 15.96 30.31

Calendar year performance*

2013 2014 2015 2016 2017- -5.08 -6.25 3.30 13.85- -5.54 -7.66 1.86 12.87

1.20 4.09 -8.08 0.78 11.42- -6.03 -7.84 2.32 14.42

1.54 4.18 -7.84 2.33 14.38- -4.61 -5.05 3.81 14.42

1.51 4.13 -7.78 2.26 13.500.76 4.20 -7.80 2.30 13.541.88 4.14 -7.72 2.22 13.511.54 4.15 -7.80 2.29 13.450.15 6.00 -3.55 6.22 20.30

The launch dates of A (USD)-MD Shares, A (USD)-MD-1 Shares and A (HKD)-MD Shares classes are 19/06/2013, 21/08/2013 and23/07/2014 respectively. The launch date of A (AUD Hgd) MD-1 Shares, A (CAD Hgd) MD-1 Shares and A (NZD Hgd) MD-1 Sharesclasses is 20/08/2014. The calendar year performance of the launch year of the above share class(es) only represent performancefrom launch date of the relevant share class(es) to the last day of that year, which is not a full year return.

Distribution information(Aims to pay dividend on monthly/quarterly/semi-annual/ annual basis. Dividend is not guaranteed; For MD-1 shares, dividend may bepaid out of capital. (Please refer to Note 1 and/or Note 2 of the "Important information")

Intendedfrequency Record date Amount/Share Annualized

dividend (%)A (AUD Hgd)-MD-1 Shares Monthly 31/05/18 0.0460 7.03%A (CAD Hgd)-MD-1 Shares Monthly 31/05/18 0.0350 5.27%A (HKD)-MD Shares Monthly 31/05/18 0.3524 4.79%A (HKD)-QD Shares Quarterly 31/05/18 0.6255 2.16%A (NZD Hgd)-MD-1 Shares Monthly 31/05/18 0.0510 7.82%A (USD)-MD Shares Monthly 31/05/18 0.0365 4.66%A (USD)-MD-1 Shares Monthly 31/05/18 0.0370 5.03%A (USD)-QD Shares Quarterly 31/05/18 0.0793 2.16%Annualized dividend (%) = (Amount/Share X Frequency) ÷ Price on record date. Upon dividend distribution, the Fund's net asset valuemay fall on the ex-dividend date. For Frequency, Monthly = 12; Quarterly = 4; Semi-Annually = 2; Annually =1. All distributions belowUSD 50 in value (or its equivalent) will be automatically applied in the purchase of further shares of the same class. Positivedistribution yield does not imply a positive return.

Holding (total holdings: 127)

Top 10 holdings %

China Mobile 4.4President Chain Store 3.3Sun Art Retail 3.2Hon Hai Precision Industry 2.9Formosa Plastics 2.7China Merchants 2.6YY 2.6Huayu Automative Systems 2.5ENN Energy 2.5Formosa Chemicals & Fibre 2.3

Geographical weightings %

China 47.2Taiwan 19.7Hong Kong 9.3Singapore 5.1India 3.6Indonesia 3.3Thailand 2.2South Korea 2.1Others 5.6Cash 2.0

Sector weightings %

Information Technology 13.7Industrials 13.1Financials 10.4Telecommunication Services 10.4Consumer Discretionary 9.8Consumer Staples 8.6Materials 8.0Utilities 7.1Others 17.0Cash 2.0

Credit ratings average rating: BBB-%

AAA 1.2A 4.1BBB 17.6BB 4.7B 9.3Not Rated 4.0Equity 57.3Derivative -0.2Cash 2.0

Invesco Asia Balanced Fund - Class A quarterly distribution - HKD (Aims to pay dividend on a quarterlybasis. Dividend is not guaranteed)Dividend Record

Important Information- The Fund invests in Asia-Pacific equities and debt securities (excluding Japan).- Investors should note the emerging markets risk, concentration risk of investing in Asia-Pacific (excluding Japan) equities and debt securities, risk of investing in REITs,currency exchange risk, equities risk, credit rating risk, volatility risk, and general investment risk.- Investment in bonds or other fixed income securities is subject to (a) interest rate risk (b) credit risk (including default risk, downgrading risk and liquidity risk) and (c) risksrelating to high yield bonds/non-investment grade bonds and/or un-rated bonds .- Financial derivative instruments (FDI) may be used for efficient portfolio management purposes or to hedge or reduce the overall risk of investments. Risks associatedwith FDI include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI canresult in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDI may lead to a high risk of significant loss by the Fund.- For certain share class(es), the Fund may at discretion pay dividend out of the capital and/or effectively out of capital amounts to a return or withdrawal of part of aninvestor’s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction of the net asset value per share in respect of such share class after the monthly distribution date. (Note 1)- In addition, investors of Monthly Distribution-1 share class that are currency hedged (MD-1 hedged) should be aware of the uncertainty of relative interest rates. The netasset value of the MD-1 hedged may fluctuate and may significantly differ from other share class due to fluctuation of the interest rate differential between the currency inwhich the MD-1 hedged is denominated and the base currency of the Fund and may result in a greater erosion of capital than other non-hedged share class. (Note 2)- The value of the Fund can be volatile and could go down substantially.- Investors should not base their investment decision on this material alone.

Record Date(DD/MM/YYYY) Amount / Share (HKD) Price on Record Date

(HKD) Annualized Dividend(%)

28/02/2018 0.3741 118.42 1.26%

30/11/2017 0.4569 116.46 1.57%

31/08/2017 1.4930 116.50 5.13%

31/05/2017 0.8594 112.36 3.06%

28/02/2017 0.6271 110.15 2.28%

30/11/2016 0.8827 107.49 3.28%

31/08/2016 1.7298 113.76 6.08%

31/05/2016 0.9259 109.38 3.39%

29/02/2016 0.4501 104.63 1.72%

30/11/2015 0.7556 109.43 2.76%

31/08/2015 1.8950 110.00 6.89%

29/05/2015 0.9684 124.54 3.11%

For Information Only

Upon dividend distribution, the Fund's net assetvalue may fall on the ex-dividend date. Alldistributions below USD 50 in value (or itsequivalent) will be automatically applied in thepurchase of further shares of the same class.Source: Invesco, as of 28/02/2018

Annualized Dividend Rate = (Dividend payout x 4)÷ Price on Record date.

This is for information only. It should not be seen as a solicitation. Investment involves risks. Past performance is notindicative of future performance. Investors should read the relevant prospectus for details, including the risk factors andproduct features. This material is issued by Invesco Asset Management Asia Limited (景順投資管理亞洲有限公司) and hasnot been reviewed by the Securities and Futures Commission.Positive distribution yield does not imply a positive return.

2016

08(A

P757

)

ISIN code: LU0580551074

1

FOR THE ATTENTION OF HONG KONG INVESTORS

This statement provides you with key information about this product. This statement is a part of the Prospectus and should be read in conjunction

with the Prospectus. You should not invest in this product based on this statement alone.

Quick Facts

Fund Manager/ Management Company: Invesco Management S.A.

Investment Manager: Invesco Hong Kong Limited, located in Hong Kong. (Internal delegation)

Base Currency: US Dollar

Custodian (Depositary): The Bank of New York Mellon (International) Limited, Luxembourg Branch

Dealing Frequency : Daily

Financial Year End: The last day of February

Ongoing charges over a year:

Class A (EUR hedged) accumulation – EUR Class A accumulation – USD Class A monthly distribution – USD Class A monthly distribution-1 – USD Class A quarterly distribution – HKD Class A quarterly distribution – USD Class C (EUR hedged) accumulation – EUR Class C accumulation – USD Class A (AUD hedged) monthly distribution-1 – AUD Class A (CAD hedged) monthly distribution-1 – CAD Class A (NZD hedged) monthly distribution-1 – NZD Class A monthly distribution – HKD

1.66%+ 1.66%+ 1.66%+ 1.66%+ 1.66%+ 1.66%+ 1.11%+ 1.11%+ 1.66%+ 1.66%+ 1.66%+ 1.66%+

+ The ongoing charges figure is calculated based on annualised expenses for the period ending 31 August 2017 divided by the average net assets over the same period. This figure may vary from year to year. It excludes portfolio transaction costs.

Dividend Policy: Net Income distribution (Dividends, if any, will be paid to investors) Accumulation (Dividends, if any, will be re-invested into the Fund) Monthly Distribution-1 (Dividends, if any, will be paid to investors monthly. The SICAV may, at its discretion, pay (a) a portion of dividends out of gross income, (b) a portion of dividends out of capital, and (c) with respect to hedged Monthly Distribution-1 Share classes (if applicable), the interest rate differential between the currency in which the share class is denominated and the base currency of the Fund. The Fund may pay dividends out of capital and/or effectively out of capital and may reduce the net asset value per share of this share class immediately after the monthly distribution date)

PRODUCT KEY FACTS Invesco Asia Balanced Fund

A sub-fund of Invesco Funds (SICAV)

Issuer: Invesco Asset Management Asia Limited 4 April 2018

Invesco Asia Balanced Fund

2

Minimum Investment/ Minimum Subscription Amount: Share class A C Initial (in any of the USD1,500 USD1,000,000 dealing currencies EUR1,000 EUR800,000 listed in the GBP1,000 GBP600,000 Application Form) HKD10,000 HKD8,000,000 JPY120,000 JPY80,000,000 AUD1,500 AUD1,000,000 CAD1,500 CAD1,000,000 NZD2,000 NZD1,200,000 Additional - -

What is this product? Invesco Asia Balanced Fund (the “Fund”) is a fund constituted in the form of a mutual fund. It is domiciled in Luxembourg and its home regulator is the CSSF, Luxembourg supervisory authority.

Objectives and Investment Strategy

The primary objective of the Fund is to generate income from investment in Asia-Pacific equities and debt securities (excluding Japan). The Fund will also aim to provide long-term capital appreciation. The Fund will invest primarily (at least 70% of net asset value of the Fund) in a diversified portfolio of equities and debt securities in the Asia-Pacific region (excluding Japan). The allocation mix between equities and debt securities may vary according to the Investment Manager’s discretion and market conditions. Included in this category are listed real estate investment trusts (“REITs”) in Asia-Pacific ex Japan. Up to 30% of the net asset value of the Fund may be invested in aggregate in cash and cash equivalents, money market instruments, equity, equity related and debt securities issued by companies or other entities not meeting the above requirements. The Fund may invest up to 20% of its net asset value in contingent convertibles. The Fund will have a flexible approach to country allocation covering investments in the Asia-Pacific region including the Indian subcontinent and Australasia but excluding Japan.

Not more than 10% of the net asset value of the Fund may be invested in securities issued by or guaranteed by a country which is unrated and/or whose credit rating is below investment grade.

The Fund may invest up to 60% of its net asset value in debt securities which are unrated (debt securities which are not rated by any international rating agency such as Moody’s, Standard & Poor’s and Fitch) and/or whose credit rating is below investment grade (below investment grade is defined as credit rating that is below BBB- from Standard & Poor’s and Fitch, or below Baa3 from Moody’s or an equivalent rating from an internationally recognized rating agency).

The Fund may use derivatives (including but not limited to futures, forwards, non-deliverable forwards, swaps and complex options structures) for hedging and efficient portfolio management purposes. Such derivatives may also incorporate derivatives on derivatives (i.e. forward dated swaps, swap options). However, financial derivative instruments will not be extensively used for investment purposes (i.e. entering into financial derivative instruments to achieve the investment objectives).

What are the key risks? Investment involves risks. Please refer to the Prospectus for details including the risks factors.

General investment risk - There can be no assurance that the Fund will achieve its investment objective. The instruments invested by the Fund may fall in value due to any of the key risk factors below and therefore your investment in the Fund may suffer losses. There is no guarantee of the repayment of principal.

Currency exchange risk

- The Fund’s assets may be invested in securities denominated in currencies other than the base currency of the Fund. Also, a class of shares may be designated in a currency other than the base currency of the Fund. The net asset value of the Fund may be affected unfavorably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls.

Invesco Asia Balanced Fund

3

- For the hedged share classes, there is no guarantee that the exposure of the currency in which the shares are denominated can be fully hedged at all times against the base currency of the Fund or the currency or currencies in which the assets of the Fund are denominated. Investors should also note that the successful implementation of the strategy may substantially reduce the benefit to shareholders in the relevant class of shares as a result of decreases in the value of the share class currency against the base currency of the Fund. In the event that investors request payment of redemption proceeds in a currency other than the currency in which the shares are denominated, the exposure of that currency to the currency in which the shares are denominated will not be hedged.

Volatility risk - Investors should note that volatility in the Fund's investment portfolio may result in large fluctuations in the net asset value of the Fund which may adversely affect the net asset value per share of the Fund and investors may as a result suffer losses.

Equities risk - The value of, and income derived from, equity securities held may fall as well as rise and the Fund may not recoup the original amount invested in such securities. The prices of and the income generated by equity securities may decline in response to certain events, including the activities and results of the issuer, general political, economic and market conditions, regional or global economic instability and currency and interest rate fluctuations. Thus, this may adversely impact the Fund and/or the interests of investors.

Credit risk

- Investment in bonds, debt or other fixed income securities (including corporate and sovereign bonds) are subject to the risk that issuers do not make payments on interest and principal of such securities. An issuer suffering from an adverse change in its financial condition could lower the quality of a security leading to greater price volatility on that security.

- Securities which were investment grade at the time of acquisition may be downgraded. The risk of any such downgrading will vary over time. The Fund’s investment policy does not specifically require the Fund to sell such securities if they should fall below investment grade. Besides, the Investment Manager and/or Investment Sub-Manager (if applicable) may not be able to dispose of the debt instruments that are being downgraded. Investments in below investment grade securities carry a higher risk of default and therefore may adversely impact the Fund and/or the interests of investors.

Risk of investing in high yield bonds/non-investment grade bonds and un-rated bonds - The Fund may invest in high yield bonds/ non-investment grade bonds and un-rated bonds which involve substantial risk. High yield bonds/ non-investment grade bonds and un-rated bonds are regarded as being predominantly speculative as to the issuer’s ability to make payments of principal and interest. Issuers of high yield bonds/ non-investment grade bonds and un-rated bonds may be highly leveraged, subject to lower liquidity and higher volatility and may not have available to them more traditional methods of financing. An economic recession may adversely affect an issuer’s financial condition and the market value of high yield bonds/ non-investment grade bonds and un-rated bonds issued by such entity. High yield bonds/ non-investment grade bonds and un-rated bonds are generally subject to greater loss of principal and interest than high-rated bonds. As such, this may adversely impact the Fund and/or the interests of investors.

Interest rate risk - The bonds or fixed income securities that the Fund invests in may fall in value if the interest rates change and this will adversely impact the net asset value of the Fund. In general, the prices of debt securities rise when interest rates fall, whilst their prices fall when interest rates rise. Longer term debt securities are usually more sensitive to interest rate changes.

Liquidity risk - The Fund may be adversely affected by a decrease in market liquidity for the securities in which it invests where some of the Fund’s securities may become illiquid and the Fund may experience difficulties in selling securities at a fair price within a timely manner.

Credit rating risk - Credit ratings assigned by rating agencies are subject to limitations and do not guarantee the creditworthiness of the security and/or issuer at all times.

Concentration risk - As the Fund will invest primarily in Asia-Pacific (excluding Japan) equities and debt securities, such concentration may exhibit a higher than usual degree of risk and the Fund may be subject to above average volatility. The diversification benefits that would ordinarily accrue from investment in a fund having a more diverse portfolio of investments, may not apply to this Fund.

Risk of investing in REITs

- The Fund does not invest directly in real estate and insofar as it directly invests in REITs, any dividend policy or dividend payout at the Fund level may not be representative of the dividend policy or dividend payout of the relevant underlying REIT. The relevant underlying REIT may not necessarily be authorised by the CSSF and/or

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4

the Securities and Futures Commission ("SFC") in Hong Kong.

- Please note that the Fund is authorised under the SFC’s Code on Unit Trusts and Mutual Funds and not under the SFC’s Code on Real Estate Investment Trusts. CSSF and/or SFC authorisation does not imply official approval or recommendation.

Emerging markets risk

- Investment in emerging market countries in Asia may exhibit higher risk as the securities markets of emerging market countries are not as large as the more established securities markets and have substantially less trading volume.

Investors should note the special considerations not typically associated with investment in more developed markets such as, liquidity risk, currency risks/ control, political and economic uncertainties, policy, legal or regulatory event affecting the relevant markets and taxation risks, settlement risks, custody risk and the likelihood of a high degree of volatility.

Risk of investing in financial derivative instruments ("FDI") for efficient portfolio management and hedging purposes - Investments of the Fund may be composed of FDI used for efficient portfolio management or to attempt to hedge or reduce the overall risk of its investments. Risks associated with FDI include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDI may lead to a high risk of significant loss by the Fund.

Risks associated with payment of dividends and/or fees and expenses out of capital

- Payment of dividends out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction of the net asset value per share in respect of such share class after the monthly distribution date.

- For Monthly Distribution-1 share classes that are currency hedged, the Fund may take into account the return driven by the interest rate differential between the currency in which the hedged Monthly Distribution-1 share class is denominated and the base currency of the Fund in determining the distribution to be paid. Investors should be aware that the uncertainty of relative interest rates which will have an impact on the return of the hedged Monthly Distribution–1 share class. The net asset value of the Monthly Distribution-1 hedged share class may fluctuate and may significantly differ from other share class due to the fluctuation of the interest rate differential between the currency in which the hedged Monthly Distribution-1 share class is denominated and the base currency of the Fund, and may result in an increase in the amount of distribution that is paid out of capital and hence a greater erosion of capital than other non-hedged share class. Investors in such share class may therefore be adversely affected.

How has the Fund performed?

-50

-25

0

25

50

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017Share Class 42.6 20.6 -6.9 16.9 1.5 4.2 -7.8 2.3 13.5

%

The Fund Manager views Class A quarterly distribution - USD (the “Share Class”), being the focus share class of the Fund available to the public of Hong Kong, as the most appropriate representative unit class.

Fund launch date: 31 October 2008. Share Class launch date: 31 October 2008. The base currency of the Fund is USD. Past performance of the Share Class is calculated in USD. Performance is calculated after deduction of ongoing charges

and is inclusive of gross income reinvested. Any entry/exit charges shown are excluded from the calculation.

Past performance is not a guide to future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the

calendar year end, NAV-To-NAV, with dividend reinvested. These figures show by how much the Share Class increased or

decreased in value during the calendar year being shown. Where no past performance is shown, there was insufficient data

available in that year to provide performance.

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Is there any guarantee? The Fund does not have any guarantees. You may not get back the full amount of money you invest.

What are the fees and charges? Charges which may be payable by you

You may have to pay the following fees when dealing in the shares of the Fund.

Fee What you pay

Subscription fee/ Initial charge

Class A: Not exceeding 5.00% of the gross investment amount. Class C: Not exceeding 5.00% of the gross investment amount.

Switching fee Up to 1.00% of the value of the shares being switched.

Redemption fee N/A

Ongoing fees payable by the Fund

The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments.

Annual rate (as a % of the Fund’s value)

Management fee* Class A: 1.25% Class C: 0.80%

Custodian fee/ Depositary charge

Up to 0.0075%

Performance fee N/A

Administration fee N/A

Distribution fee Class A: N/A Class C: N/A

Service agents fee Class A: Up to 0.35% Class C: Up to 0.30%

* The fees can be increased subject to the prior approval of the Securities and Futures Commission ("SFC") and by giving not less than three months’ prior notice to the investors.

Other fees

You may have to pay other fees when dealing in the shares of the Fund.

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Additional Information The compositions of the dividends (i.e. the relative amounts paid out of (i) net distributable income and (ii) capital)

for the last 12 months are available from the Hong Kong Sub-Distributor and Representative, Invesco Asset Management Asia Limited, on request and at www.invesco.com.hk. This website has not been reviewed by the SFC.

You generally buy and redeem shares at the Fund’s next-determined net asset value after the Hong Kong Sub-Distributor and Representative, Invesco Asset Management Asia Limited, receives your request in good order on or before 5:00pm, Hong Kong time, being the Fund’s dealing cut-off time. Before placing your subscription or redemption orders, please check with your distributor for the distributor’s internal cut-off time (which may be earlier than the Fund’s dealing cut-off time).

The net asset value of the Fund is calculated each “Business Day” as defined in the Prospectus and the price of shares is published each Hong Kong business day (i.e. a day on which banks in Hong Kong are open for normal banking business) at www.invesco.com.hk. This website has not been reviewed by the SFC.

Investors may obtain the past performance information of other share classes offered to Hong Kong investors at www.invesco.com.hk. This website has not been reviewed by the SFC.

Investors may obtain other information of this product at www.invesco.com.hk. This website has not been reviewed by the SFC.

Important If you are in doubt, you should seek professional advice.

The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness.