Invesco Nippon Small/Mid Cap Equity Fund

The objective of the Fund is to achieve long-term capital growth. The Fund invests primarily in shares of small or medium sized Japanese companies. The Fund may use derivatives (complex instruments) to manage the Fund more efficiently, with the aim of reducing risk, reducing costs and/or generating additional capital or income. The Fund may use securities lending for efficient portfolio management purposes. The Fund is actively managed and is not constrained by its benchmark, the Russell/Nomura Small Cap Index (Net Total Return), which is used for comparison purposes. However, the majority of the Fund’s holdings are likely to be components of the benchmark. As an actively managed fund, this overlap will change and this statement may be updated from time to time. The Fund has broad discretion over portfolio construction and therefore securities, weightings and risk characteristics will differ. As a result, it is expected that over time the risk return characteristics of the Fund may diverge materially to the benchmark. Please refer to the Past Performance section below where a benchmark will be displayed if relevant. In addition to the charges set out in the Charges section below, the Fund will incur portfolio transaction costs which are paid from the assets of the Fund. These may have a material impact on your returns. The Fund promotes environmental, social and governance (ESG) criteria as covered under Article 8 of the Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector. You can buy and sell shares in the Fund on any Dealing Day (as defined in the Prospectus). Any income from your investment will be reinvested.