INVESCO STRATEGIC REAL RETURN FUND CLASS C (SRRCX) Exchange: NMFQS

DELISTED - The Fund seeks to achieve its investment objective by actively allocating assets across three debt-related asset classes: (i) U.S. Treasury Inflation-Protected Securities (TIPS Portfolio); (ii) bank loans (Bank Loan Portfolio); and (iii) high yield securities (High Yield Portfolio), all of which are described in further detail below. The Fund’s investment adviser, Invesco Advisers, Inc. (Invesco or the Adviser), periodically will allocate assets between and within the three asset classes based on their relative risk and return expectations.In addition to the three primary asset classes above, the Adviser may make opportunistic investments in other asset classes that it believes have favorable prospects for current income in inflationary environments. For example, the Adviser may make opportunistic investments in convertible securities if it believes they have favorable prospects of offering a competitive current income stream in inflationary environments.The Fund will use derivative instruments for risk management, portfolio management, earning income, managing target duration, hedging interest rate sensitivity of individual bonds, hedging credit risk, hedging currency risk or gaining or reducing exposure to interest rates or a particular asset class or issuer. The Fund’s use of derivatives will involve the purchase and sale of interest rate swaps and futures (including treasury futures), options on bond or interest rate futures, credit default swaps, credit default index swaps, consumer price index swaps, currency futures, forward foreign currency contracts and other related instruments and techniques. The Fund’s investments in certain derivatives may create leveraged exposure to certain fixed income markets. Leverage occurs when the investments in derivatives create greater economic exposure than the amount invested. The Fund may hold long and short positions in derivatives. High Yield PortfolioThe High Yield Portfolio invests primarily in debt securities of U.S. and foreign issuers denominated in U.S. dollars that are determined to be below investment grade quality. Below investment grade securities are commonly known as “junk bonds.” The High Yield Portfolio will invest principally in junk bonds rated B or above by a nationally recognized statistical rating organization (NRSRO) or, if unrated, deemed to be of comparable quality by the portfolio managers. There is no requirement with respect to the maturity or duration of debt securities in which this segment of the Fund may invest.The High Yield Portfolio may invest in affiliated and unaffiliated exchange-traded funds (ETFs) and open-end and closed-end investment companies to manage its exposure to the high yield debt asset class.The High Yield Portfolio may invest in preferred stocks.The High Yield Portfolio may invest in illiquid or thinly traded investments. The High Yield Portfolio may also invest in Rule 144A private placement securities that are subject to resale restrictions.The High Yield Portfolio can invest in derivative instruments including futures contracts and swap contracts.In selecting securities for the High Yield Portfolio, the portfolio managers focus on high yield bonds that they believe have favorable prospects for high current income and the possibility of growth of capital. The portfolio managers’ research generally includes a bottom-up fundamental analysis of an issuer before its securities are purchased by the Fund. The fundamental analysis may involve an evaluation by a team of credit analysts of an issuer’s financial statements in order to assess its financial condition. The credit analysts also assess the ability of an issuer to reduce its leverage (i.e., the amount of its debt). The team’s analysis may include, but is not limited to: (i) an ongoing review of the securities’ relative value compared with other high yield bonds, and (ii) a top-down analysis of sector and macro-economic trends, such as changes in interest rates. The portfolio managers attempt to control the High Yield Portfolio’s risk by (i) limiting the portfolio’s assets that are invested in any one security, and (ii) diversifying the portfolio’s holdings over a number of different industries.Decisions to purchase or sell securities are determined by the relative value considerations of the portfolio managers that factor in economic and credit-related fundamentals, market supply and demand, market dislocations and situation-specific opportunities. The purchase or sale of securities may be related to a decision to alter the Fund’s macro risk exposure (such as duration, yield curve positioning and sector exposure), a need to limit or reduce the Fund’s exposure to a particular security or issuer, degradation of an issuer’s credit quality, or general liquidity needs of the Fund.Bank Loan PortfolioThe Bank Loan Portfolio invests in (i) senior secured floating rate loans made by banks and other lending institutions, (ii) senior secured floating rate debt instruments, (iii) unsecured bank loans, and (iv) secured and unsecured notes and bonds. Currently, the Fund’s exposure to this asset class is achieved through investments in other underlying mutual funds advised by the Adviser and ETFs advised by Invesco Capital Management LLC (Invesco Capital). The Adviser and Invesco Capital are affiliates of each other as they both are indirect wholly-owned subsidiaries of Invesco Ltd.The Bank Loan Portfolio may invest in floating rate loans and floating rate debt securities that are determined to be below investment grade.The Bank Loan Portfolio may invest in floating rate loans and floating rate debt securities of non-U.S. borrowers or issuers.The Bank Loan Portfolio may invest in collateralized loan obligations (CLOs). The Bank Loan Portfolio also may invest in defaulted or distressed loans, loans to bankrupt companies, and in subordinated loans. Some of the floating rate loans and debt securities in which the Fund may invest will be considered illiquid.The Bank Loan Portfolio can invest in derivative instruments including swap contracts, the underlying assets of which are senior secured loans, second lien loans, unsecured corporate loans and secured or unsecured bonds.The portfolio managers construct the Bank Loan Portfolio using a process that focuses on obtaining access to the widest possible range of potential investments available in the market and ongoing credit analysis of issuers. In constructing the portfolio, the portfolio managers analyze each company to determine the company’s earnings potential and other factors indicating the sustainability of earnings growth. In selecting loans and debt securities for the Bank Loan Portfolio, the portfolio managers perform their own independent credit analysis on each borrower and on the collateral securing each loan. Among the factors that the portfolio managers consider are the nature of the industry in which the borrower operates, the nature of the borrower’s assets and the general quality and creditworthiness of the borrower.Decisions to purchase or sell loans and securities are determined by the relative value considerations of the portfolio managers that factor in economic and credit-related fundamentals, market supply and demand, market dislocations and situation-specific opportunities. The purchase or sale of loans and securities may be related to a decision to alter the Fund’s macro risk exposure, a need to limit or reduce the Fund’s exposure to a particular security or issuer, degradation of an issuer’s credit quality, or general liquidity needs of the Fund.TIPS PortfolioThe TIPS Portfolio generally will invest in U.S. Treasury inflation-protected securities (TIPS) that comprise The ICE BofAML US Inflation-Linked Treasury IndexSM (the Underlying Index). The Underlying Index is an unmanaged index comprised of TIPS with at least $1 billion in outstanding face value, a remaining term to final maturity of greater than one year and that have interest and principal payments tied to inflation. The Underlying Index is capitalization-weighted and the composition of TIPS is updated monthly.The portfolio management team uses a replication strategy to track, as closely as possible, the securities in the Underlying Index and their respective weightings, by investing directly in securities that make up the Underlying Index. The portfolio management team adjusts the composition of the Fund to reflect changes in the composition of the Underlying Index and may use a representative sampling methodology to track the performance of the Underlying Index. Representative sampling means that the portfolio management team may use a quantitative analysis to select either a subset of the securities that make up the Underlying Index or a combination of some or all of the securities that make up the Underlying Index and other securities that are not part of the Underlying Index. In either case, the representative sampling of securities selected by the portfolio management team should have, in the aggregate, the investment characteristics that are similar to the Underlying Index in terms of key factors, performance attributes and other characteristics, such as country weightings, duration, maturity, yield and coupon, as applicable. It is expected that the portfolio management team will use this representative sampling methodology where it is difficult to acquire the necessary securities that make up the Underlying Index, where the asset levels of the Fund do not allow for the holding of all the securities that make up the Underlying Index or where it is otherwise beneficial to the Fund to do so.Unlike many investment companies, the TIPS Portfolio does not attempt to outperform the Underlying Index. Rather, the TIPS Portfolio uses an indexing approach, which may eliminate the chance that the TIPS Portfolio will substantially outperform the Underlying Index, but it may also reduce some of the risk of active management. Indexing seeks to achieve lower costs by keeping portfolio turnover low in comparison to actively managed investment companies.The TIPS Portfolio can invest in derivative instruments including futures contracts and swap contracts. The TIPS Portfolio may purchase and sell TIPS on a when issued, delayed delivery or forward commitment basis. The TIPS Portfolio may also seek to obtain market exposure to TIPS by using other investment techniques (such as reverse repurchase agreements).