Changes to R25 Invesco Asia Infrastructure

Before 06 July 2018

After 06 July 2018

Fund Name

Invesco Asia Infrastructure

Invesco Asia Opportunities Equity

Fund Code

R25

R25

Underlying Fund Name

Invesco Asia Infrastructure A USD Acc

Invesco Asia Opportunities Equity A USD Acc

Underlying ISIN

LU0243955886

LU0075112721

On-going Charges

2.02%

2.05%

Currency

USD

USD

Investment Objective and Investment Policy of the Underlying Fund

The Fund aims to achieve long-term capital growth from investments in a diversified portfolio of Asian securities of issuers which are predominantly engaged in infrastructure activities. The Fund shall primarily invest (at least 70% of the net asset value of the Fund) in equity and debt securities denominated in any convertible currency issued by Asian companies predominantly active in the infrastructure sector. “Asian companies” shall mean companies listed in an Asian stock market and having their registered office in an Asian country or established in other countries but carrying out their business activities predominantly in Asia or holding companies investing predominantly in equity of companies having their registered office in an Asian country. Up to 30% of the NAV of the Fund may be invested in aggregate in cash and cash equivalents, Money Market Instruments, equity and equity related instruments or debt securities (including convertible debt) issued by companies and other entities not meeting the above requirement. Less than 30% of the NAV of the Fund may be invested in debt securities. 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). For details of the related risk factors applicable to the Merging Fund, please refer to section A2.

The Fund aims to provide long-term capital growth from a diversified portfolio of investments in Asian companies, with the potential for growth, including investments in small to medium-sized companies with a market capitalisation of less than USD 1 billion. The Fund shall invest primarily (at least 70% of the net asset value of the Fund) in equity or equity-related securities issued by companies with their registered office in an Asian country or with their registered office outside of Asia but carrying out their business activities predominantly in Asia or holding companies, the interests of which are predominantly invested in companies with their registered office in an Asian country. Up to 30% of the NAV of the Fund may be invested in cash and cash equivalents, Money Market Instruments, equity and equity related instruments issued by companies and other entities not meeting the above requirement or debt securities (including convertible debt) of issuers worldwide. The Fund will have a flexible approach to country allocation covering investments in Asia including the Indian subcontinent but excluding Japan and Australasia. There is no requirement as to the geographical spread of the Fund’s investments. Investors should not assume that the assets of the Fund will at all times include investments from each country in the Asia region. 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). For details of the related risk factors applicable to the Receiving Fund, please refer to section A2.