Invesco Pan European Equity FundA-Acc Shares31 July 2018

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*Source: © 2018 Morningstar. Gross income re-invested to 31 July 2018 unless otherwise stated. The figures do not reflect the entry charge payable by individualinvestors. All performance data on this factsheet is in the currency of the share class. Reference Index Source: Factset. Please refer to Page 3 for Risk Warningsand Important Information.

Summary of fund objectiveThe Fund aims to provide long-term capitalgrowth by investing in a portfolio of equityor equity related instruments of Europeancompanies with an emphasis on largercompanies. For the full objectives andinvestment policy please consult thecurrent prospectus.

Key facts

John SurpliceHenley -on- ThamesManaged fund sinceJuly 2003

Martin WalkerHenley -on- ThamesManaged fund sinceJuly 2003

Share class launch02 January 1991Original fund launch 02 January 1991Legal statusLuxembourg SICAV with UCITS statusShare class currencyEURShare class typeAccumulationFund sizeEUR 3.66 bn Reference indexMSCI Europe-NDBloomberg codeINVPEGI LXISIN codeLU0028118809Settlement dateTrade Date + 3 DaysMorningstar RatingTMAAA

Quarterly fund commentaryPan European equity markets posted positive returns in the second quarter of 2018, thoughthis masked large moves within the period. Markets moved markedly higher until mid-May,driven by good corporate earnings. However, the return of political uncertainty saw marketsretrench as both Spain and Italy replaced their governments. Furthermore, there was abackdrop of rising geopolitical tensions caused by protectionist rhetoric from the UnitedStates. Macroeconomic data, despite softening slightly from previously very strong levels,remained consistent with good levels of GDP growth while inflation continued to give theEuropean Central Bank (ECB) the roadmap towards policy normalisation. Indeed MarioDraghi gave clear guidance that the end of quantitative easing will be December 2018. Thefund’s strategy is based on bottom-up stock selection and driven by valuation, while takinginto account the macroeconomic backdrop. At quarter-end, energy remained the largestoverweight sector relative to the MSCI Europe Index benchmark and consumer staples thebiggest underweight sector.

Indexed performance*Fund Index

07/13 07/14 07/15 07/16 07/17 07/1880

90

100

110

120

130

140

150

Data points are as at month end.

Cumulative performance*in % YTD 1 month 1 year 3 years 5 years

Fund 2.55 1.82 5.19 1.14 42.47

Index 2.62 3.11 6.44 7.10 47.60

Quartile ranking 2 4 3 4 3

Absolute ranking 147/327 268/338 167/311 195/254 114/207

Mstar GIF OS Sector: Europe Large-Cap Blend Equity

Calendar year performance*in % 2013 2014 2015 2016 2017

Fund 33.54 3.21 7.40 0.79 8.35

Index 19.82 6.84 8.22 2.58 10.24

Standardised rolling 12 month performance*31.07.13 31.07.14 31.07.15 31.07.16 31.07.17

in % 31.07.14 31.07.15 31.07.16 31.07.17 31.07.18

Fund 17.46 19.93 -20.66 21.18 5.19

Index 14.98 19.86 -11.38 13.54 6.44Past performance is not a guide to future returns.

Invesco Pan European Equity FundA-Acc Shares31 July 2018

-2-Source: *Invesco. Portfolio weightings and allocations are subject to change. The weightings for each breakdown are rounded to the nearest tenth orhundredth of a percent; therefore, the aggregate weights for each breakdown may not equal 100%. **Morningstar.

Holdings and active weights* (total holdings: 68)

Top 10 holdings %

Roche 3.3

BP 3.2

Bayer 2.5

Royal Dutch Shell 'A' (EUR) 2.4

Eni 2.4

Total 2.4

UPM 2.3

Deutsche Post 2.2

Michelin 2.2

Orange 2.2

Top 10 positive +

Royal Dutch Shell 'A' (EUR) 2.4

UPM 2.1

J Sainsbury 2.0

Michelin 2.0

International Consolidated Airlines 2.0

Telecom Italia 1.9

Eni 1.9

Capgemini 1.9

Deutsche Post 1.9

CaixaBank 1.9

Top 10 negative -

Nestle 2.7

HSBC 2.0

Novartis 2.0

Royal Dutch Shell 'A' 1.3

Siemens 1.2

Sanofi 1.0

LVMH Moet Hennessy Louis Vuitton 1.0

AstraZeneca 1.0

Banco Santander 1.0

Diageo 1.0

Geographical weightings of the fund in %*

g United Kingdomg Franceg Germanyg Italyg Switzerlandg Spaing Finlandg Netherlandsg Othersg Cash

Sector weightings of the fund in %*

g Financialsg Energyg Industrialsg Materialsg TelecommunicationServices

g Health Careg Information Technologyg Consumer Staplesg Othersg Cash

NAV and fees Current NAVEUR 21.30 12 month price highEUR 22.00 (15/05/2018)12 month price lowEUR 19.42 (29/08/2017)Minimum investment 1

EUR 1,000Entry chargeUp to 5.00%Annual management fee1.5%Ongoing charges1.98% (31/08/2017)

Geographical weightings*in % Fund Index

United Kingdom 30.3 26.0

France 16.7 16.9

Germany 10.4 15.2

Italy 8.0 3.3

Switzerland 7.1 13.6

Spain 6.9 4.8

Finland 6.0 1.6

Netherlands 5.7 4.4

Others 7.4 14.3

Cash 1.4 0.0

Sector weightings*in % Fund Index

Financials 25.0 19.4

Energy 15.9 8.3

Industrials 15.1 13.0

Materials 9.1 8.4

TelecommunicationServices

9.1 3.4

Health Care 7.0 12.9

Information Technology 6.2 5.5

Consumer Staples 5.5 13.4

Others 5.6 15.6

Cash 1.4 0.0

Financial characteristics*

Average weighted market capitalisation EUR 55.52 bn

Median market capitalisation EUR 24.88 bn

3 year characteristics**

Alpha -1.99

Beta 1.19

Correlation 0.92

Information ratio -0.29

Sharpe ratio 0.04

Tracking error in % 6.44

Volatility in % 15.48For detailed information about the 3 year characteristics please seehttp://assets.invescohub.com/invesco-eu/glossary.pdf.

Invesco Pan European Equity FundA-Acc Shares31 July 2018

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Risk Warnings

The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may notget back the full amount invested.

Important Information

1The minimum investment amounts are: USD 1,500 / EUR 1,000 / GBP 1,000 / CHF 1,500 / SEK 10,000. Please contact us orrefer to the most up to date Prospectus for details of minimum investment amounts in other currencies.

Where individuals or the business have expressed opinions, they are based on current market conditions, they may differ from those ofother investment professionals and are subject to change without notice. This marketing document is not an invitation to subscribe forshares in the fund and is by way of information only, it should not be considered financial advice. This does not constitute an offer orsolicitation by anyone in any jurisdiction in which such an offer is not authorised or to any person to whom it is unlawful to make such anoffer or solicitation. Persons interested in acquiring the fund should inform themselves as to (i) the legal requirements in the countries oftheir nationality, residence, ordinary residence or domicile; (ii) any foreign exchange controls and (iii) any relevant tax consequences. Aswith all investments, there are associated risks. This document is by way of information only. Asset management services are provided byInvesco in accordance with appropriate local legislation and regulations. The fund is available only in jurisdictions where its promotion andsale is permitted. Not all share classes of this fund may be available for public sale in all jurisdictions and not all share classes are the samenor do they necessarily suit every investor. Fee structure and minimum investment levels may vary dependent on share class chosen.Please check the most recent version of the fund prospectus in relation to the criteria for the individual share classes and contact yourlocal Invesco office for full details of the fund registration status in your jurisdiction. This document is marketing material and is notintended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that requireimpartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade beforepublication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sellsecurities. The ongoing charges figure is based on annualised expenses for the period ending 31/08/2017. This figure may vary from yearto year. It excludes portfolio transaction costs except in the case of an entry or exit charge paid by the Fund when buying or sellingshares/units in another fund. Please refer to the most up to date relevant fund and share class-specific Key Investor InformationDocument, the latest Prospectus and Annual or Interim Short Reports for more information on our funds. UK based investors should alsorefer to the relevant Supplementary Information Document. This information is available using the contact details shown. Issued in Jerseyand Guernsey by Invesco International Limited, 2nd Floor, Orviss House, 17a Queen Street, St Helier, Jersey, JE2 4WD. Regulated by theJersey Financial Services Commission. In Guernsey the fund can only be promoted to Professional Clients. Issued in the UK by InvescoFund Managers Limited, Perpetual Park, Perpetual Park Drive, Henley-on-Thames, Oxfordshire RG9 1HH, UK. Authorised and regulated bythe Financial Conduct Authority. For the purposes of UK law, the fund is a recognised scheme under section 264 of the Financial Services& Markets Act 2000. The protections provided by the UK regulatory system, for the protection of Retail Clients, do not apply to offshoreinvestments. Compensation under the UK’s Financial Services Compensation Scheme will not be available and UK cancellation rights do notapply. Issued in Dubai for Professional Clients only by Invesco Asset Management Limited, PO Box 506599, DIFC Precinct Building No 4,Level 3, Office 305, Dubai, United Arab Emirates. Regulated by the Dubai Financial Services Authority.

© 2018 Morningstar. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers;(2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its contentproviders are responsible for any damages or losses arising from any use of this information.