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AIM Growth Series (Invesco Growth Series) 2025-12-31 Invesco Active Allocation Fund Class A OAAAX This annual shareholder report contains important information about Invesco Active Allocation Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Active Allocation Fund<br/>(Class A)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>47</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.44<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 47 0.0044 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending, and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class A shares of the Fund, excluding sales charge, returned 15.53%. For the same time period, the Custom Invesco Active Allocation Index (the "Benchmark") returned 18.82%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Tactical asset allocation | </div>The Fund's tactical asset allocation contributed positively to relative performance as the Fund's foreign exchange activity and fixed income derivatives were additive.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with the key detractors being the selection within global and international small and mid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted from relative performance within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900790.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Active Allocation Fund (Class A) —including sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.17<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.56<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.96<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Active Allocation Fund (Class A) —excluding sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">15.53<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Active Allocation Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">18.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.09<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.99<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Active Allocation Fund (Class A) —including sales charge 0.0917 0.0456 0.0696 Invesco Active Allocation Fund (Class A) —excluding sales charge 0.1553 0.0576 0.0757 Custom Invesco Active Allocation Index 0.1882 0.0909 0.0999 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,973,581,259</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">24</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,634,660</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 1973581259 24 1634660 0.32 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0px;padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900141.jpg" style="width: 172.8pt;"/> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;">.</div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;">.</div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers. Invesco Active Allocation Fund Class C OAACX This annual shareholder report contains important information about Invesco Active Allocation Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Active Allocation Fund<br/>(Class C)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>129</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">1.20<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 129 0.012 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending, and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class C shares of the Fund, excluding sales charge, returned 14.63%. For the same time period, the Custom Invesco Active Allocation Index (the "Benchmark") returned 18.82%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Tactical asset allocation | </div>The Fund's tactical asset allocation contributed positively to relative performance as the Fund's foreign exchange activity and fixed income derivatives were additive.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with the key detractors being the selection within global and international small and mid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted from relative performance within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div><img alt="Fund Performance - Growth of 10K" src="chartimages_9900825.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Active Allocation Fund (Class C) —including sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">13.63<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.96<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.91<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Active Allocation Fund (Class C) —excluding sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.63<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.96<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.91<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Active Allocation Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">18.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.09<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.99<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Active Allocation Fund (Class C) —including sales charge 0.1363 0.0496 0.0691 Invesco Active Allocation Fund (Class C) —excluding sales charge 0.1463 0.0496 0.0691 Custom Invesco Active Allocation Index 0.1882 0.0909 0.0999 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,973,581,259</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">24</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,634,660</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 1973581259 24 1634660 0.32 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900830.jpg" style="width: 172.8pt;"/> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers. Invesco Active Allocation Fund Class R OAANX This annual shareholder report contains important information about Invesco Active Allocation Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Active Allocation Fund<br/>(Class R)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>75</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.70<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 75 0.007 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending, and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R shares of the Fund returned 15.20%. For the same time period, the Custom Invesco Active Allocation Index (the "Benchmark") returned 18.82%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Tactical asset allocation | </div>The Fund's tactical asset allocation contributed positively to relative performance as the Fund's foreign exchange activity and fixed income derivatives were additive.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with the key detractors being the selection within global and international small and mid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted from relative performance within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div><img alt="Fund Performance - Growth of 10K" src="chartimages_9900208.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Active Allocation Fund (Class R)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">15.20<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Active Allocation Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">18.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.09<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.99<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Active Allocation Fund (Class R) 0.152 0.0549 0.073 Custom Invesco Active Allocation Index 0.1882 0.0909 0.0999 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,973,581,259</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">24</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,634,660</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 1973581259 24 1634660 0.32 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900886.jpg" style="width: 172.8pt;"/> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers. Invesco Active Allocation Fund Class Y OAAYX This annual shareholder report contains important information about Invesco Active Allocation Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Active Allocation Fund<br/>(Class Y)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>22</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.20<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 22 0.002 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending, and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class Y shares of the Fund returned 15.76%. For the same time period, the Custom Invesco Active Allocation Index (the "Benchmark") returned 18.82%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Tactical asset allocation | </div>The Fund's tactical asset allocation contributed positively to relative performance as the Fund's foreign exchange activity and fixed income derivatives were additive.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with the key detractors being the selection within global and international small and mid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted from relative performance within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900244.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Active Allocation Fund (Class Y)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">15.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.02<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Active Allocation Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">18.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.09<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.99<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Active Allocation Fund (Class Y) 0.1576 0.0602 0.0782 Custom Invesco Active Allocation Index 0.1882 0.0909 0.0999 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,973,581,259</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">24</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,634,660</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 1973581259 24 1634660 0.32 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900249.jpg" style="width: 172.8pt;"/> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers. Invesco Active Allocation Fund Class R5 PAAJX This annual shareholder report contains important information about Invesco Active Allocation Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Active Allocation Fund<br/>(Class R5)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>23</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.21<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 23 0.0021 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending, and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R5 shares of the Fund returned 15.72%. For the same time period, the Custom Invesco Active Allocation Index (the "Benchmark") returned 18.82%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Tactical asset allocation | </div>The Fund's tactical asset allocation contributed positively to relative performance as the Fund's foreign exchange activity and fixed income derivatives were additive.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with the key detractors being the selection within global and international small and mid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted from relative performance within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900280.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Active Allocation Fund (Class R5)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">15.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.03<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Active Allocation Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">18.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.09<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.99<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Active Allocation Fund (Class R5) 0.1572 0.0603 0.0776 Custom Invesco Active Allocation Index 0.1882 0.0909 0.0999 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 2019-05-24 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,973,581,259</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">24</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,634,660</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 1973581259 24 1634660 0.32 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900285.jpg" style="width: 172.8pt;"/> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers. Invesco Active Allocation Fund Class R6 PAAQX This annual shareholder report contains important information about Invesco Active Allocation Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Active Allocation Fund<br/>(Class R6)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>15</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.14<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 15 0.0014 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending, and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R6 shares of the Fund returned 15.90%. For the same time period, the Custom Invesco Active Allocation Index (the "Benchmark") returned 18.82%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Tactical asset allocation | </div>The Fund's tactical asset allocation contributed positively to relative performance as the Fund's foreign exchange activity and fixed income derivatives were additive.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with the key detractors being the selection within global and international small and mid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted from relative performance within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900948.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Active Allocation Fund (Class R6)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">15.90<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.08<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.78<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Active Allocation Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">18.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.09<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.99<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Active Allocation Fund (Class R6) 0.159 0.0608 0.0778 Custom Invesco Active Allocation Index 0.1882 0.0909 0.0999 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 2019-05-24 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,973,581,259</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">24</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,634,660</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 1973581259 24 1634660 0.32 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900321.jpg" style="width: 172.8pt;"/> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you <div style="letter-spacing: 0px; top: 0px;display:inline;">ma</div>y review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;">(800) 959-4246</div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;">.</div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you <div style="letter-spacing: 0px; top: 0px;display:inline;">ma</div>y review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;">(800) 959-4246</div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;">.</div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers. Invesco Convertible Securities Fund Class A CNSAX This annual shareholder report contains important information about Invesco Convertible Securities Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Convertible Securities Fund<br/>(Class A)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>103</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.95<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 103 0.0095 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> While 2025 was a year marked by uncertainty, key areas of resilience helped deliver strong returns for risk assets. Economic activity remained stronger than expected in the US and inflation continued to abate despite tariff induced fears of reignition. In this environment, supported by stable credit markets and strong equity performance, convertible securities performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class A shares of the Fund, excluding sales charge, returned 15.84%. For the same time period, the ICE BofA US Convertible Index returned 17.98%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Seagate HDD Cayman  | </div>Seagate is a leader in mass-capacity data storage. An overweight position in Seagate benefited the Fund as the tech company surged on explosive demand for artificial intelligence-driven data-center storage and expanding margins.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">AST SpaceMobile, Inc. | </div>AST SpaceMobile is a publicly traded satellite designer and manufacturer. An overweight position in the company contributed to relative performance as the company reached major deployment milestones and saw growing partnerships in the telecom space.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Rocket Lab USA, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> Rocket Lab is an end-to-end space company delivering reliable launch services, complete spacecraft design and manufacturing, satellite components, flight software, and more. An underweight position to Rocket Labs hurt the Fund as the company posted strong revenue growth. We exited our position during the period.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Bloom Energy Corp. | </div>Bloom's Energy Server generates power onsite, converting fuels like natural gas, biogas and hydrogen into electricity without combustion. An underweight position to Bloom Energy detracted from relative performance as the energy company saw continued demand growth for its fuel cell solutions.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9898858.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Convertible Securities Fund (Class A) —including sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.46<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.71<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.69<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Convertible Securities Fund (Class A) —excluding sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">15.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.31<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">ICE BofA US Convertible Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.98<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.05<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.22<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Convertible Securities Fund (Class A) —including sales charge 0.0946 0.0271 0.0869 Invesco Convertible Securities Fund (Class A) —excluding sales charge 0.1584 0.0388 0.0931 ICE BofA US Convertible Index 0.1798 0.0505 0.1122 S&P 500® Index 0.1788 0.1442 0.1482 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>720,987,050</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">133</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>3,741,191</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">114<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 720987050 133 3741191 1.14 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 10pt; padding-left: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div></div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Bank of America Corp., Series L, Conv. Pfd., 7.25%</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Boeing Co. (The), Conv. Pfd., 6.00%, 10/15/2027</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Lumentum Holdings, Inc., Conv., 0.38%, 03/15/2032</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.38<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Welltower OP LLC, Conv., 3.13%, 07/15/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Cloudflare, Inc., Conv. , 06/15/2030</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.87<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Snowflake, Inc., Conv. , 10/01/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.66<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Uber Technologies, Inc., Series 2028, Conv., 0.88%, 12/01/2028</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Coinbase Global, Inc., Conv., 0.25%, 04/01/2030</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.54<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Live Nation Entertainment, Inc., Conv., 3.13%, 01/15/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.51<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Southern Co. (The), Conv., 4.50%, 06/15/2027</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.48<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market f<div style="letter-spacing: 0px; top: 0px;display:inline;">un</div>d holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> </div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9898853.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Bank of America Corp., Series L, Conv. Pfd., 7.25%</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Boeing Co. (The), Conv. Pfd., 6.00%, 10/15/2027</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Lumentum Holdings, Inc., Conv., 0.38%, 03/15/2032</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.38<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Welltower OP LLC, Conv., 3.13%, 07/15/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Cloudflare, Inc., Conv. , 06/15/2030</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.87<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Snowflake, Inc., Conv. , 10/01/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.66<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Uber Technologies, Inc., Series 2028, Conv., 0.88%, 12/01/2028</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Coinbase Global, Inc., Conv., 0.25%, 04/01/2030</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.54<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Live Nation Entertainment, Inc., Conv., 3.13%, 01/15/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.51<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Southern Co. (The), Conv., 4.50%, 06/15/2027</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.48<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market f<div style="letter-spacing: 0px; top: 0px;display:inline;">un</div>d holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> 0.0335 0.0284 0.0238 0.0213 0.0187 0.0166 0.0157 0.0154 0.0151 0.0148 Invesco Convertible Securities Fund Class C CNSCX This annual shareholder report contains important information about Invesco Convertible Securities Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Convertible Securities Fund<br/>(Class C)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>182</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">1.69<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 182 0.0169 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> While 2025 was a year marked by uncertainty, key areas of resilience helped deliver strong returns for risk assets. Economic activity remained stronger than expected in the US and inflation continued to abate despite tariff induced fears of reignition. In this environment, supported by stable credit markets and strong equity performance, convertible securities performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class C shares of the Fund, excluding sales charge, returned 15.01%. For the same time period, the ICE BofA US Convertible Index returned 17.98%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Seagate HDD Cayman  | </div>Seagate is a leader in mass-capacity data storage. An overweight position in Seagate benefited the Fund as the tech company surged on explosive demand for artificial intelligence-driven data-center storage and expanding margins.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">AST SpaceMobile, Inc. | </div>AST SpaceMobile is a publicly traded satellite designer and manufacturer. An overweight position in the company contributed to relative performance as the company reached major deployment milestones and saw growing partnerships in the telecom space.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Rocket Lab USA, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> Rocket Lab is an end-to-end space company delivering reliable launch services, complete spacecraft design and manufacturing, satellite components, flight software, and more. An underweight position to Rocket Labs hurt the Fund as the company posted strong revenue growth. We exited our position during the period.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Bloom Energy Corp. | </div>Bloom's Energy Server generates power onsite, converting fuels like natural gas, biogas and hydrogen into electricity without combustion. An underweight position to Bloom Energy detracted from relative performance as the energy company saw continued demand growth for its fuel cell solutions.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9898811.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Convertible Securities Fund (Class C) —including sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.12<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.66<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Convertible Securities Fund (Class C) —excluding sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">15.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.12<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.66<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">ICE BofA US Convertible Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.98<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.05<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.22<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Convertible Securities Fund (Class C) —including sales charge 0.1401 0.0312 0.0866 Invesco Convertible Securities Fund (Class C) —excluding sales charge 0.1501 0.0312 0.0866 ICE BofA US Convertible Index 0.1798 0.0505 0.1122 S&P 500® Index 0.1788 0.1442 0.1482 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>720,987,050</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">133</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>3,741,191</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">114<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 720987050 133 3741191 1.14 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 10pt; padding-left: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div></div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Bank of America Corp., Series L, Conv. Pfd., 7.25%</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Boeing Co. (The), Conv. Pfd., 6.00%, 10/15/2027</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Lumentum Holdings, Inc., Conv., 0.38%, 03/15/2032</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.38<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Welltower OP LLC, Conv., 3.13%, 07/15/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Cloudflare, Inc., Conv. , 06/15/2030</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.87<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Snowflake, Inc., Conv. , 10/01/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.66<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Uber Technologies, Inc., Series 2028, Conv., 0.88%, 12/01/2028</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Coinbase Global, Inc., Conv., 0.25%, 04/01/2030</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.54<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Live Nation Entertainment, Inc., Conv., 3.13%, 01/15/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.51<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Southern Co. (The), Conv., 4.50%, 06/15/2027</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.48<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> </div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9898806.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Bank of America Corp., Series L, Conv. Pfd., 7.25%</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Boeing Co. (The), Conv. Pfd., 6.00%, 10/15/2027</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Lumentum Holdings, Inc., Conv., 0.38%, 03/15/2032</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.38<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Welltower OP LLC, Conv., 3.13%, 07/15/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Cloudflare, Inc., Conv. , 06/15/2030</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.87<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Snowflake, Inc., Conv. , 10/01/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.66<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Uber Technologies, Inc., Series 2028, Conv., 0.88%, 12/01/2028</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Coinbase Global, Inc., Conv., 0.25%, 04/01/2030</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.54<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Live Nation Entertainment, Inc., Conv., 3.13%, 01/15/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.51<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Southern Co. (The), Conv., 4.50%, 06/15/2027</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.48<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> 0.0335 0.0284 0.0238 0.0213 0.0187 0.0166 0.0157 0.0154 0.0151 0.0148 Invesco Convertible Securities Fund Class Y CNSDX This annual shareholder report contains important information about Invesco Convertible Securities Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Convertible Securities Fund<br/>(Class Y)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>76</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.70<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 76 0.007 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> While 2025 was a year marked by uncertainty, key areas of resilience helped deliver strong returns for risk assets. Economic activity remained stronger than expected in the US and inflation continued to abate despite tariff induced fears of reignition. In this environment, supported by stable credit markets and strong equity performance, convertible securities performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class Y shares of the Fund returned 16.14%. For the same time period, the ICE BofA US Convertible Index returned 17.98%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Seagate HDD Cayman  | </div>Seagate is a leader in mass-capacity data storage. An overweight position in Seagate benefited the Fund as the tech company surged on explosive demand for artificial intelligence-driven data-center storage and expanding margins.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">AST SpaceMobile, Inc. | </div>AST SpaceMobile is a publicly traded satellite designer and manufacturer. An overweight position in the company contributed to relative performance as the company reached major deployment milestones and saw growing partnerships in the telecom space.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Rocket Lab USA, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> Rocket Lab is an end-to-end space company delivering reliable launch services, complete spacecraft design and manufacturing, satellite components, flight software, and more. An underweight position to Rocket Labs hurt the Fund as the company posted strong revenue growth. We exited our position during the period.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Bloom Energy Corp. | </div>Bloom's Energy Server generates power onsite, converting fuels like natural gas, biogas and hydrogen into electricity without combustion. An underweight position to Bloom Energy detracted from relative performance as the energy company saw continued demand growth for its fuel cell solutions.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9898579.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Convertible Securities Fund (Class Y)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">16.14<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">ICE BofA US Convertible Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.98<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.05<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.22<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Convertible Securities Fund (Class Y) 0.1614 0.0413 0.0957 ICE BofA US Convertible Index 0.1798 0.0505 0.1122 S&P 500® Index 0.1788 0.1442 0.1482 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>720,987,050</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">133</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>3,741,191</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">114<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 720987050 133 3741191 1.14 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 10pt; padding-left: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div></div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Bank of America Corp., Series L, Conv. Pfd., 7.25%</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Boeing Co. (The), Conv. Pfd., 6.00%, 10/15/2027</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Lumentum Holdings, Inc., Conv., 0.38%, 03/15/2032</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.38<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Welltower OP LLC, Conv., 3.13%, 07/15/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Cloudflare, Inc., Conv. , 06/15/2030</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.87<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Snowflake, Inc., Conv. , 10/01/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.66<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Uber Technologies, Inc., Series 2028, Conv., 0.88%, 12/01/2028</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Coinbase Global, Inc., Conv., 0.25%, 04/01/2030</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.54<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Live Nation Entertainment, Inc., Conv., 3.13%, 01/15/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.51<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Southern Co. (The), Conv., 4.50%, 06/15/2027</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.48<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> </div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9898772.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Bank of America Corp., Series L, Conv. Pfd., 7.25%</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Boeing Co. (The), Conv. Pfd., 6.00%, 10/15/2027</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Lumentum Holdings, Inc., Conv., 0.38%, 03/15/2032</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.38<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Welltower OP LLC, Conv., 3.13%, 07/15/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Cloudflare, Inc., Conv. , 06/15/2030</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.87<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Snowflake, Inc., Conv. , 10/01/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.66<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Uber Technologies, Inc., Series 2028, Conv., 0.88%, 12/01/2028</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Coinbase Global, Inc., Conv., 0.25%, 04/01/2030</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.54<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Live Nation Entertainment, Inc., Conv., 3.13%, 01/15/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.51<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Southern Co. (The), Conv., 4.50%, 06/15/2027</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.48<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> 0.0335 0.0284 0.0238 0.0213 0.0187 0.0166 0.0157 0.0154 0.0151 0.0148 Invesco Convertible Securities Fund Class R5 CNSIX This annual shareholder report contains important information about Invesco Convertible Securities Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Convertible Securities Fund<br/>(Class R5)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>65</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.60<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 65 0.006 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> While 2025 was a year marked by uncertainty, key areas of resilience helped deliver strong returns for risk assets. Economic activity remained stronger than expected in the US and inflation continued to abate despite tariff induced fears of reignition. In this environment, supported by stable credit markets and strong equity performance, convertible securities performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R5 shares of the Fund returned 16.22%. For the same time period, the ICE BofA US Convertible Index returned 17.98%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Seagate HDD Cayman  | </div>Seagate is a leader in mass-capacity data storage. An overweight position in Seagate benefited the Fund as the tech company surged on explosive demand for artificial intelligence-driven data-center storage and expanding margins.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">AST SpaceMobile, Inc. | </div>AST SpaceMobile is a publicly traded satellite designer and manufacturer. An overweight position in the company contributed to relative performance as the company reached major deployment milestones and saw growing partnerships in the telecom space.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Rocket Lab USA, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> Rocket Lab is an end-to-end space company delivering reliable launch services, complete spacecraft design and manufacturing, satellite components, flight software, and more. An underweight position to Rocket Labs hurt the Fund as the company posted strong revenue growth. We exited our position during the period.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Bloom Energy Corp. | </div>Bloom's Energy Server generates power onsite, converting fuels like natural gas, biogas and hydrogen into electricity without combustion. An underweight position to Bloom Energy detracted from relative performance as the energy company saw continued demand growth for its fuel cell solutions.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9898590.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Convertible Securities Fund (Class R5)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">16.22<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.18<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">ICE BofA US Convertible Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.98<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.05<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.22<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Convertible Securities Fund (Class R5) 0.1622 0.0418 0.0961 ICE BofA US Convertible Index 0.1798 0.0505 0.1122 S&P 500® Index 0.1788 0.1442 0.1482 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>720,987,050</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">133</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>3,741,191</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">114<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 720987050 133 3741191 1.14 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 10pt; padding-left: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div></div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Bank of America Corp., Series L, Conv. Pfd., 7.25%</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Boeing Co. (The), Conv. Pfd., 6.00%, 10/15/2027</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Lumentum Holdings, Inc., Conv., 0.38%, 03/15/2032</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.38<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Welltower OP LLC, Conv., 3.13%, 07/15/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Cloudflare, Inc., Conv. , 06/15/2030</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.87<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Snowflake, Inc., Conv. , 10/01/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.66<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Uber Technologies, Inc., Series 2028, Conv., 0.88%, 12/01/2028</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Coinbase Global, Inc., Conv., 0.25%, 04/01/2030</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.54<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Live Nation Entertainment, Inc., Conv., 3.13%, 01/15/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.51<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Southern Co. (The), Conv., 4.50%, 06/15/2027</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.48<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> </div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9898735.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Bank of America Corp., Series L, Conv. Pfd., 7.25%</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Boeing Co. (The), Conv. Pfd., 6.00%, 10/15/2027</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Lumentum Holdings, Inc., Conv., 0.38%, 03/15/2032</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.38<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Welltower OP LLC, Conv., 3.13%, 07/15/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Cloudflare, Inc., Conv. , 06/15/2030</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.87<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Snowflake, Inc., Conv. , 10/01/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.66<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Uber Technologies, Inc., Series 2028, Conv., 0.88%, 12/01/2028</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Coinbase Global, Inc., Conv., 0.25%, 04/01/2030</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.54<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Live Nation Entertainment, Inc., Conv., 3.13%, 01/15/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.51<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Southern Co. (The), Conv., 4.50%, 06/15/2027</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.48<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> 0.0335 0.0284 0.0238 0.0213 0.0187 0.0166 0.0157 0.0154 0.0151 0.0148 Invesco Convertible Securities Fund Class R6 CNSFX This annual shareholder report contains important information about Invesco Convertible Securities Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Convertible Securities Fund<br/>(Class R6)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>65</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.60<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 65 0.006 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> While 2025 was a year marked by uncertainty, key areas of resilience helped deliver strong returns for risk assets. Economic activity remained stronger than expected in the US and inflation continued to abate despite tariff induced fears of reignition. In this environment, supported by stable credit markets and strong equity performance, convertible securities performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R6 shares of the Fund returned 16.28%. For the same time period, the ICE BofA US Convertible Index returned 17.98%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Seagate HDD Cayman  | </div>Seagate is a leader in mass-capacity data storage. An overweight position in Seagate benefited the Fund as the tech company surged on explosive demand for artificial intelligence-driven data-center storage and expanding margins.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">AST SpaceMobile, Inc. | </div>AST SpaceMobile is a publicly traded satellite designer and manufacturer. An overweight position in the company contributed to relative performance as the company reached major deployment milestones and saw growing partnerships in the telecom space.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Rocket Lab USA, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> Rocket Lab is an end-to-end space company delivering reliable launch services, complete spacecraft design and manufacturing, satellite components, flight software, and more. An underweight position to Rocket Labs hurt the Fund as the company posted strong revenue growth. We exited our position during the period.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Bloom Energy Corp. | </div>Bloom's Energy Server generates power onsite, converting fuels like natural gas, biogas and hydrogen into electricity without combustion. An underweight position to Bloom Energy detracted from relative performance as the energy company saw continued demand growth for its fuel cell solutions.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9898692.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Convertible Securities Fund (Class R6)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">16.28<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.25<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.69<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">ICE BofA US Convertible Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.98<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.05<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.22<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Convertible Securities Fund (Class R6) 0.1628 0.0425 0.0969 ICE BofA US Convertible Index 0.1798 0.0505 0.1122 S&P 500® Index 0.1788 0.1442 0.1482 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>720,987,050</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">133</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>3,741,191</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">114<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 720987050 133 3741191 1.14 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 10pt; padding-left: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div></div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Bank of America Corp., Series L, Conv. Pfd., 7.25%</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Boeing Co. (The), Conv. Pfd., 6.00%, 10/15/2027</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Lumentum Holdings, Inc., Conv., 0.38%, 03/15/2032</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.38<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Welltower OP LLC, Conv., 3.13%, 07/15/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Cloudflare, Inc., Conv. , 06/15/2030</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.87<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Snowflake, Inc., Conv. , 10/01/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.66<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Uber Technologies, Inc., Series 2028, Conv., 0.88%, 12/01/2028</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Coinbase Global, Inc., Conv., 0.25%, 04/01/2030</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.54<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Live Nation Entertainment, Inc., Conv., 3.13%, 01/15/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.51<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Southern Co. (The), Conv., 4.50%, 06/15/2027</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.48<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> </div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9898687.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Bank of America Corp., Series L, Conv. Pfd., 7.25%</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Boeing Co. (The), Conv. Pfd., 6.00%, 10/15/2027</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Lumentum Holdings, Inc., Conv., 0.38%, 03/15/2032</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.38<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Welltower OP LLC, Conv., 3.13%, 07/15/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Cloudflare, Inc., Conv. , 06/15/2030</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.87<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Snowflake, Inc., Conv. , 10/01/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.66<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Uber Technologies, Inc., Series 2028, Conv., 0.88%, 12/01/2028</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Coinbase Global, Inc., Conv., 0.25%, 04/01/2030</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.54<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Live Nation Entertainment, Inc., Conv., 3.13%, 01/15/2029</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.51<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Southern Co. (The), Conv., 4.50%, 06/15/2027</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.48<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> 0.0335 0.0284 0.0238 0.0213 0.0187 0.0166 0.0157 0.0154 0.0151 0.0148 Invesco Income Allocation Fund Class A ALAAX This annual shareholder report contains important information about Invesco Income Allocation Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Income Allocation Fund<br/>(Class A)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>47</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.44<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 47 0.0044 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending, and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class A shares of the Fund, excluding sales charge, returned 11.63%. For the same time period, the Custom Invesco Income Allocation Index (the "Benchmark") returned 11.04%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was a positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection | </div>The Fund's equity manager selection effects were a positive contribution to the Fund's relative performance, with positive manager selection within US value equities.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Fixed Income style selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's fixed income style effects detracted from relative performance given the Fund's exposure to floating rate and core fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted from relative performance, specifically within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Cash | </div>The Fund's allocation to cash had a negative effect (also known as "cash drag") on the Fund's relative performance, while both the equity and fixed income markets had positive returns.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9899478.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Income Allocation Fund (Class A) —including sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.52<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.18<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Income Allocation Fund (Class A) —excluding sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.63<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.73<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.77<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Income Allocation Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Income Allocation Fund (Class A) —including sales charge 0.0552 0.0257 0.0418 Invesco Income Allocation Fund (Class A) —excluding sales charge 0.1163 0.0373 0.0477 Custom Invesco Income Allocation Index 0.1104 0.0435 0.0615 S&P 500® Index 0.1788 0.1442 0.1482 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>323,845,354</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">20</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 323845354 20 0 0.05 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9899483.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers. Invesco Income Allocation Fund Class C CLIAX This annual shareholder report contains important information about Invesco Income Allocation Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Income Allocation Fund<br/>(Class C)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>125</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">1.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 125 0.0119 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending, and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class C shares of the Fund, excluding sales charge, returned 10.68%. For the same time period, the Custom Invesco Income Allocation Index (the "Benchmark") returned 11.04%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was a positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection | </div>The Fund's equity manager selection effects were a positive contribution to the Fund's relative performance, with positive manager selection within US value equities.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Fixed Income style selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's fixed income style effects detracted from relative performance given the Fund's exposure to floating rate and core fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted from relative performance, specifically within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Cash | </div>The Fund's allocation to cash had a negative effect (also known as "cash drag") on the Fund's relative performance, while both the equity and fixed income markets had positive returns.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9899527.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Income Allocation Fund (Class C) —including sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.68<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.96<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Income Allocation Fund (Class C) —excluding sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.68<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.96<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Income Allocation Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Income Allocation Fund (Class C) —including sales charge 0.0968 0.0296 0.0415 Invesco Income Allocation Fund (Class C) —excluding sales charge 0.1068 0.0296 0.0415 Custom Invesco Income Allocation Index 0.1104 0.0435 0.0615 S&P 500® Index 0.1788 0.1442 0.1482 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>323,845,354</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">20</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 323845354 20 0 0.05 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9899533.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers. Invesco Income Allocation Fund Class R RLIAX This annual shareholder report contains important information about Invesco Income Allocation Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Income Allocation Fund<br/>(Class R)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>73</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.69<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 73 0.0069 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending, and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R shares of the Fund returned 11.34%. For the same time period, the Custom Invesco Income Allocation Index (the "Benchmark") returned 11.04%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was a positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection | </div>The Fund's equity manager selection effects were a positive contribution to the Fund's relative performance, with positive manager selection within US value equities.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Fixed Income style selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's fixed income style effects detracted from relative performance given the Fund's exposure to floating rate and core fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted from relative performance, specifically within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Cash | </div>The Fund's allocation to cash had a negative effect (also known as "cash drag") on the Fund's relative performance, while both the equity and fixed income markets had positive returns.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9898876.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Income Allocation Fund (Class R)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.47<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.51<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Income Allocation Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Income Allocation Fund (Class R) 0.1134 0.0347 0.0451 Custom Invesco Income Allocation Index 0.1104 0.0435 0.0615 S&P 500® Index 0.1788 0.1442 0.1482 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>323,845,354</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">20</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 323845354 20 0 0.05 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9898881.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers. Invesco Income Allocation Fund Class Y ALAYX This annual shareholder report contains important information about Invesco Income Allocation Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Income Allocation Fund<br/>(Class Y)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>20</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 20 0.0019 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending, and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class Y shares of the Fund returned 11.91%. For the same time period, the Custom Invesco Income Allocation Index (the "Benchmark") returned 11.04%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was a positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection | </div>The Fund's equity manager selection effects were a positive contribution to the Fund's relative performance, with positive manager selection within US value equities.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Fixed Income style selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's fixed income style effects detracted from relative performance given the Fund's exposure to floating rate and core fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted from relative performance, specifically within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Cash | </div>The Fund's allocation to cash had a negative effect (also known as "cash drag") on the Fund's relative performance, while both the equity and fixed income markets had positive returns.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9899620.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Income Allocation Fund (Class Y)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.91<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.99<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.03<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Income Allocation Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Income Allocation Fund (Class Y) 0.1191 0.0399 0.0503 Custom Invesco Income Allocation Index 0.1104 0.0435 0.0615 S&P 500® Index 0.1788 0.1442 0.1482 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>323,845,354</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">20</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 323845354 20 0 0.05 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9898917.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers. Invesco Income Allocation Fund Class R5 ILAAX This annual shareholder report contains important information about Invesco Income Allocation Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Income Allocation Fund<br/>(Class R5)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>15</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.14<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 15 0.0014 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending, and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R5 shares of the Fund returned 11.95%. For the same time period, the Custom Invesco Income Allocation Index (the "Benchmark") returned 11.04%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was a positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection | </div>The Fund's equity manager selection effects were a positive contribution to the Fund's relative performance, with positive manager selection within US value equities.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Fixed Income style selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's fixed income style effects detracted from relative performance given the Fund's exposure to floating rate and core fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted from relative performance, specifically within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Cash | </div>The Fund's allocation to cash had a negative effect (also known as "cash drag") on the Fund's relative performance, while both the equity and fixed income markets had positive returns.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9898948.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Income Allocation Fund (Class R5)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.95<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.02<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Income Allocation Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Income Allocation Fund (Class R5) 0.1195 0.0402 0.0504 Custom Invesco Income Allocation Index 0.1104 0.0435 0.0615 S&P 500® Index 0.1788 0.1442 0.1482 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>323,845,354</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">20</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 323845354 20 0 0.05 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9898953.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers. Invesco Income Allocation Fund Class R6 IIASX This annual shareholder report contains important information about Invesco Income Allocation Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Income Allocation Fund<br/>(Class R6)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>11</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.10<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 11 0.001 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending, and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R6 shares of the Fund returned 11.92%. For the same time period, the Custom Invesco Income Allocation Index (the "Benchmark") returned 11.04%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was a positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection | </div>The Fund's equity manager selection effects were a positive contribution to the Fund's relative performance, with positive manager selection within US value equities.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Fixed Income style selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's fixed income style effects detracted from relative performance given the Fund's exposure to floating rate and core fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted from relative performance, specifically within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Cash | </div>The Fund's allocation to cash had a negative effect (also known as "cash drag") on the Fund's relative performance, while both the equity and fixed income markets had positive returns.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9899715.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Income Allocation Fund (Class R6)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.05<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Income Allocation Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Income Allocation Fund (Class R6) 0.1192 0.0405 0.0501 Custom Invesco Income Allocation Index 0.1104 0.0435 0.0615 S&P 500® Index 0.1788 0.1442 0.1482 2017-04-04 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>323,845,354</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">20</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 323845354 20 0 0.05 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9898989.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an un<div style="letter-spacing: 0px; top: 0px;display:inline;">derlyin</div>g unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an un<div style="letter-spacing: 0px; top: 0px;display:inline;">derlyin</div>g unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchse offers. Invesco International Diversified Fund Class A OIDAX This annual shareholder report contains important information about Invesco International Diversified Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco International Diversified Fund<br/>(Class A)</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>46</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 46 0.0042 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, international equity markets were supported by themes tied to artificial intelligence adoption, optimism of moderating inflation in major economies that would lead to more accommodative monetary policies from central banks, and greater fiscal stimulus. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class A shares of the Fund, excluding sales charge, returned 21.06%. For the same time period, the MSCI ACWI ex USA<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (Net) (the "Benchmark") returned 32.39%. The Fund underperformed the Benchmark primarily due to its exposure to certain holdings in the industrials and financials sectors. These results were partially offset by its holdings in energy and consumer staples.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Sectors and Geography | </div>The Fund's stock selection and underweight allocation to the energy and consumer staples sectors contributed positively to relative performance. From a geographical perspective, the Fund's overweight to emerging markets, specifically within Latin America and Asia, contributed positively to relative performance.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Underlying Funds | </div>As of the fiscal year end, the Fund’s portfolio consisted of six underlying funds, all six of which contributed to the Fund's absolute returns. The largest contributors: were Invesco Developing Markets Fund returned 28.84%, contributing 5.34% to absolute return, Invesco International Small-Mid Company Fund returned 17.19%, contributing 5.67% to absolute return, Invesco EQV International Equity Fund returned 16.38%, contributing 3.67% to absolute return, and Invesco International Growth Fund returned 16.29%, contributing 3.91% to absolute return. Invesco International Value Fund and Invesco International Growth Focus ETF also had a positive impact on absolute returns.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Sectors and Geography</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's underperformance compared to its Benchmark was driven by stock selection in financials and industrials. The Fund's underweight allocation to financials also detracted from relative results. Stock selection in developed markets was the largest detractor from relative results. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Style | </div>The Fund had a growth bias for a majority of the period, which detracted from performance relative to the Benchmark which has more value and cyclical exposure. None of the underlying funds detracted from absolute returns during the reporting period.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900163.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco International Diversified Fund (Class A) —including sales charge</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.41<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.03<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco International Diversified Fund (Class A) —excluding sales charge</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">21.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.11<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.09<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI ex USA<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (Net)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">32.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.91<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.41<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> Invesco International Diversified Fund (Class A) —including sales charge 0.1441 -0.0003 0.0549 Invesco International Diversified Fund (Class A) —excluding sales charge 0.2106 0.0111 0.0609 MSCI ACWI ex USA® Index (Net) 0.3239 0.0791 0.0841 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund<div style="letter-spacing: 0px; top: 0px;display:inline;"> share</div>s. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,405,030,396</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6</td> </tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 1405030396 6 0 0.64 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Portfolio composition </div> <br/> <div style="font-weight:bolder;display:inline;">(% of total investments)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Value Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">37.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco Developing Markets Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">19.52 </td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Small-Mid Company Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">14.27 </td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Growth Focus ETF</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">10.07 </td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco EQV International Equity Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">9.54 </td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Growth Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">9.54 </td></tr></table> 0.3706 0.1952 0.1427 0.1007 0.0954 0.0954 Invesco International Diversified Fund Class C OIDCX This annual shareholder report contains important information about Invesco International Diversified Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco International Diversified Fund<br/>(Class C)</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>129</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">1.17<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 129 0.0117 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, international equity markets were supported by themes tied to artificial intelligence adoption, optimism of moderating inflation in major economies that would lead to more accommodative monetary policies from central banks, and greater fiscal stimulus. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class C shares of the Fund, excluding sales charge, returned 20.19%. For the same time period, the MSCI ACWI ex USA<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (Net) (the "Benchmark") returned 32.39%. The Fund underperformed the Benchmark primarily due to its exposure to certain holdings in the industrials and financials sectors. These results were partially offset by its holdings in energy and consumer staples.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Sectors and Geography | </div>The Fund's stock selection and underweight allocation to the energy and consumer staples sectors contributed positively to relative performance. From a geographical perspective, the Fund's overweight to emerging markets, specifically within Latin America and Asia, contributed positively to relative performance.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Underlying Funds | </div>As of the fiscal year end, the Fund’s portfolio consisted of six underlying funds, all six of which contributed to the Fund's absolute returns. The largest contributors: were Invesco Developing Markets Fund returned 28.84%, contributing 5.34% to absolute return, Invesco International Small-Mid Company Fund returned 17.19%, contributing 5.67% to absolute return, Invesco EQV International Equity Fund returned 16.38%, contributing 3.67% to absolute return, and Invesco International Growth Fund returned 16.29%, contributing 3.91% to absolute return. Invesco International Value Fund and Invesco International Growth Focus ETF also had a positive impact on absolute returns.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Sectors and Geography</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's underperformance compared to its Benchmark was driven by stock selection in financials and industrials. The Fund's underweight allocation to financials also detracted from relative results. Stock selection in developed markets was the largest detractor from relative results. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Style | </div>The Fund had a growth bias for a majority of the period, which detracted from performance relative to the Benchmark which has more value and cyclical exposure. None of the underlying funds detracted from absolute returns during the reporting<div style="letter-spacing: 0px; top: 0px;display:inline;"> period</div>.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900175.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco International Diversified Fund (Class C) —including sales charge</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">19.33<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.45<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco International Diversified Fund (Class C) —excluding sales charge</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">20.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.45<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI ex USA<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (Net)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">32.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.91<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.41<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> Invesco International Diversified Fund (Class C) —including sales charge 0.1933 0.0036 0.0545 Invesco International Diversified Fund (Class C) —excluding sales charge 0.2019 0.0036 0.0545 MSCI ACWI ex USA® Index (Net) 0.3239 0.0791 0.0841 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,405,030,396</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6</td> </tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 1405030396 6 0 0.64 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Portfolio composition </div> <br/> <div style="font-weight:bolder;display:inline;">(% of total investments)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Value Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">37.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco Developing Markets Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">19.52</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Small-Mid Company Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">14.27</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Growth Focus ETF</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">10.07</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco EQV International Equity Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">9.54</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Growth Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">9.54</td></tr></table> 0.3706 0.1952 0.1427 0.1007 0.0954 0.0954 Invesco International Diversified Fund Class R OIDNX This annual shareholder report contains important information about Invesco International Diversified Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco International Diversified Fund<br/>(Class R)</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>74</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.67<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 74 0.0067 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, international equity markets were supported by themes tied to artificial intelligence adoption, optimism of moderating inflation in major economies that would lead to more accommodative monetary policies from central banks, and greater fiscal stimulus. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R shares of the Fund returned 20.90%. For the same time period, the MSCI ACWI ex USA<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (Net) (the "Benchmark") returned 32.39%. The Fund underperformed the Benchmark primarily due to its exposure to certain holdings in the industrials and financials sectors. These results were partially offset by its holdings in energy and consumer staples.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Sectors and Geography | </div>The Fund's stock selection and underweight allocation to the energy and consumer staples sectors contributed positively to relative performance. From a geographical perspective, the Fund's overweight to emerging markets, specifically within Latin America and Asia, contributed positively to relative performance.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Underlying Funds | </div>As of the fiscal year end, the Fund’s portfolio consisted of six underlying funds, all six of which contributed to the Fund's absolute returns. The largest contributors: were Invesco Developing Markets Fund returned 28.84%, contributing 5.34% to absolute return, Invesco International Small-Mid Company Fund returned 17.19%, contributing 5.67% to absolute return, Invesco EQV International Equity Fund returned 16.38%, contributing 3.67% to absolute return, and Invesco International Growth Fund returned 16.29%, contributing 3.91% to absolute return. Invesco International Value Fund and Invesco International Growth Focus ETF also had a positive impact on absolute returns.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Sectors and Geography</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's underperformance compared to its Benchmark was driven by stock selection in financials and industrials. The Fund's underweight allocation to financials also detracted from relative results. Stock selection in developed markets was the largest detractor from relative results. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Style | </div>The Fund had a growth bias for a majority of the period, which detracted from performance relative to the Benchmark which <div style="letter-spacing: 0px; top: 0px;display:inline;">has</div> more value and cyclical exposure. None of the underlying funds detracted from absolute returns during the reporting <div style="letter-spacing: 0px; top: 0px;display:inline;">period</div>.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9899560.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco International Diversified Fund (Class R)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">20.90<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.87<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI ex USA<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (Net)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">32.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.91<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.41<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> Invesco International Diversified Fund (Class R) 0.209 0.0087 0.0582 MSCI ACWI ex USA® Index (Net) 0.3239 0.0791 0.0841 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,405,030,396</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6</td> </tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 1405030396 6 0 0.64 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Portfolio composition </div> <br/> <div style="font-weight:bolder;display:inline;">(% of total investments)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Value Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">37.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco Developing Markets Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">19.52</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Small-Mid Company Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">14.27</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Growth Focus ETF</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">10.07</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco EQV International Equity Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">9.54</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Growth Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">9.54</td></tr></table> 0.3706 0.1952 0.1427 0.1007 0.0954 0.0954 Invesco International Diversified Fund Class Y OIDYX This annual shareholder report contains important information about Invesco International Diversified Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco International Diversified Fund<br/>(Class Y)</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>19</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.17<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 19 0.0017 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, international equity markets were supported by themes tied to artificial intelligence adoption, optimism of moderating inflation in major economies that would lead to more accommodative monetary policies from central banks, and greater fiscal stimulus. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class Y shares of the Fund returned 21.37%. For the same time period, the MSCI ACWI ex USA<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (Net) (the "Benchmark") returned 32.39%. The Fund underperformed the Benchmark primarily due to its exposure to certain holdings in the industrials and financials sectors. These results were partially offset by its holdings in energy and consumer staples.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Sectors and Geography | </div>The Fund's stock selection and underweight allocation to the energy and consumer staples sectors contributed positively to relative performance. From a geographical perspective, the Fund's overweight to emerging markets, specifically within Latin America and Asia, contributed positively to relative performance.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Underlying Funds | </div>As of the fiscal year end, the Fund’s portfolio consisted of six underlying funds, all six of which contributed to the Fund's absolute returns. The largest contributors: were Invesco Developing Markets Fund returned 28.84%, contributing 5.34% to absolute return, Invesco International Small-Mid Company Fund returned 17.19%, contributing 5.67% to absolute return, Invesco EQV International Equity Fund returned 16.38%, contributing 3.67% to absolute return, and Invesco International Growth Fund returned 16.29%, contributing 3.91% to absolute return. Invesco International Value Fund and Invesco International Growth Focus ETF also had a positive impact on absolute returns.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Sectors and Geography</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's underperformance compared to its Benchmark was driven by stock selection in financials and industrials. The Fund's underweight allocation to financials also detracted from relative results. Stock selection in developed markets was the largest detractor from relative results. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Style | </div>The Fund had a growth bias for a majority of the period, which detracted from performance relative to the Benchmark which <div style="letter-spacing: 0px; top: 0px;display:inline;">has</div> more value and cyclical exposure. None of the underlying funds detracted from absolute returns during the reporting period.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9899596.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco International Diversified Fund (Class Y)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">21.37<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI ex USA<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (Net)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">32.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.91<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.41<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> Invesco International Diversified Fund (Class Y) 0.2137 0.0135 0.0635 MSCI ACWI ex USA® Index (Net) 0.3239 0.0791 0.0841 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,405,030,396</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6</td> </tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 1405030396 6 0 0.64 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Portfolio composition </div> <br/> <div style="font-weight:bolder;display:inline;">(% of total investments)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Value Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">37.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco Developing Markets Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">19.52</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Small-Mid Company Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">14.27</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Growth Focus ETF</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">10.07</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco EQV International Equity Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">9.54</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Growth Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">9.54</td></tr></table> 0.3706 0.1952 0.1427 0.1007 0.0954 0.0954 Invesco International Diversified Fund Class R5 INDFX This annual shareholder report contains important information about Invesco International Diversified Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco International Diversified Fund<br/>(Class R5)</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>14</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 14 0.0013 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, international equity markets were supported by themes tied to artificial intelligence adoption, optimism of moderating inflation in major economies that would lead to more accommodative monetary policies from central banks, and greater fiscal stimulus. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R5 shares of the Fund returned 21.27%. For the same time period, the MSCI ACWI ex USA<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (Net) (the "Benchmark") returned 32.39%. The Fund underperformed the Benchmark primarily due to its exposure to certain holdings in the industrials and financials sectors. These results were partially offset by its holdings in energy and consumer staples.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Sectors and Geography | </div>The Fund's stock selection and underweight allocation to the energy and consumer staples sectors contributed positively to relative performance. From a geographical perspective, the Fund's overweight to emerging markets, specifically within Latin America and Asia, contributed positively to relative performance.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Underlying Funds | </div>As of the fiscal year end, the Fund’s portfolio consisted of six underlying funds, all six of which contributed to the Fund's absolute returns. The largest contributors: were Invesco Developing Markets Fund returned 28.84%, contributing 5.34% to absolute return, Invesco International Small-Mid Company Fund returned 17.19%, contributing 5.67% to absolute return, Invesco EQV International Equity Fund returned 16.38%, contributing 3.67% to absolute return, and Invesco International Growth Fund returned 16.29%, contributing 3.91% to absolute return. Invesco International Value Fund and Invesco International Growth Focus ETF also had a positive impact on absolute returns.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Sectors and Geography</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's underperformance compared to its Benchmark was driven by stock selection in financials and industrials. The Fund's underweight allocation to financials also detracted from relative results. Stock selection in developed markets was the largest detractor from relative results. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Style | </div>The Fund had a growth bias for a majority of the period, which detracted from performance relative to the Benchmark which <div style="letter-spacing: 0px; top: 0px;display:inline;">has</div> more value and cyclical exposure. None of the underlying funds detracted from absolute returns during the reporting period.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900265.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco International Diversified Fund (Class R5)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">21.27<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.41<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.31<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI ex USA<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (Net)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">32.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.91<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.41<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> Invesco International Diversified Fund (Class R5) 0.2127 0.0141 0.0631 MSCI ACWI ex USA® Index (Net) 0.3239 0.0791 0.0841 2019-05-24 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,405,030,396</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6</td> </tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 1405030396 6 0 0.64 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Portfolio composition </div> <br/> <div style="font-weight:bolder;display:inline;">(% of total investments)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Value Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">37.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco Developing Markets Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">19.52</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Small-Mid Company Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">14.27</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Growth Focus ETF</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">10.07</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco EQV International Equity Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">9.54</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Growth Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">9.54</td></tr></table> 0.3706 0.1952 0.1427 0.1007 0.0954 0.0954 Invesco International Diversified Fund Class R6 OIDIX This annual shareholder report contains important information about Invesco International Diversified Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="display:inline;"><div style="font-family:Arial;display:inline;">(800) 959-4246</div></div><div style="display:inline;"><div style="font-family:Arial;display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco International Diversified Fund<br/>(Class R6)</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>7</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 7 0.0006 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, international equity markets were supported by themes tied to artificial intelligence adoption, optimism of moderating inflation in major economies that would lead to more accommodative monetary policies from central banks, and greater fiscal stimulus. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R6 shares of the Fund returned 21.54%. For the same time period, the MSCI ACWI ex USA<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (Net) (the "Benchmark") returned 32.39%. The Fund underperformed the Benchmark primarily due to its exposure to certain holdings in the industrials and financials sectors. These results were partially offset by its holdings in energy and consumer staples.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Sectors and Geography | </div>The Fund's stock selection and underweight allocation to the energy and consumer staples sectors contributed positively to relative performance. From a geographical perspective, the Fund's overweight to emerging markets, specifically within Latin America and Asia, contributed positively to relative performance.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Underlying Funds | </div>As of the fiscal year end, the Fund’s portfolio consisted of six underlying funds, all six of which contributed to the Fund's absolute returns. The largest contributors: were Invesco Developing Markets Fund returned 28.84%, contributing 5.34% to absolute return, Invesco International Small-Mid Company Fund returned 17.19%, contributing 5.67% to absolute return, Invesco EQV International Equity Fund returned 16.38%, contributing 3.67% to absolute return, and Invesco International Growth Fund returned 16.29%, contributing 3.91% to absolute return. Invesco International Value Fund and Invesco International Growth Focus ETF also had a positive impact on absolute returns.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Sectors and Geography</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's underperformance compared to its Benchmark was driven by stock selection in financials and industrials. The Fund's underweight allocation to financials also detracted from relative results. Stock selection in developed markets was the largest detractor from relative results. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Style | </div>The Fund had a growth bias for a majority of the period, which detracted from performance relative to the Benchmark which <div style="letter-spacing: 0px; top: 0px;display:inline;">has</div> more value and cyclical exposure. None of the underlying funds detracted from absolute returns during the reporting period.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9899668.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco International Diversified Fund (Class R6)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">21.54<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.50<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.51<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI ex USA<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (Net)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">32.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.91<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.41<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> Invesco International Diversified Fund (Class R6) 0.2154 0.015 0.0651 MSCI ACWI ex USA® Index (Net) 0.3239 0.0791 0.0841 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,405,030,396</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6</td> </tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 1405030396 6 0 0.64 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Portfolio composition </div> <br/> <div style="font-weight:bolder;display:inline;">(% of total investments)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Value Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">37.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco Developing Markets Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">19.52</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Small-Mid Company Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">14.27</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Growth Focus ETF</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">10.07</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco EQV International Equity Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">9.54</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">Invesco International Growth Fund, Class R6</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap;">9.54</td></tr></table> 0.3706 0.1952 0.1427 0.1007 0.0954 0.0954 Invesco Main Street Mid Cap Fund® Class A OPMSX This annual shareholder report contains important information about Invesco Main Street Mid Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Main Street Mid Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div><br/>(Class A)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>109</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">1.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 109 0.0104 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, US equities reached record highs despite volatility, driven by enthusiasm for artificial intelligence, easing trade concerns and the Federal Reserve's move to cut interest rates. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class A shares of the Fund, excluding sales charge, returned 8.92%. For the same time period, the Russell Midcap<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (the "Benchmark") returned 10.60%. The Fund underperformed the Benchmark mainly as a result of stock selection in the information technology, consumer staples and financials sectors. Stronger stock selection in the health care, industrials and real estate sectors partially offset these results.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">MongoDB, Inc. | </div>MongoDB is a software company providing a general-purpose database platform. MongoDB delivered robust results, as its cloud revenue growth accelerated and exceeded investor expectations.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">ATI, Inc. | </div>ATI produces specialty materials for global industrial and aerospace markets. ATI consistently exceeded earnings expectations and raised future earnings guidance during the period. Strong aerospace demand, particularly for jet engines, drove growth and provided promising future order visibility. </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">BellRing Brands, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> BellRing Brands develops and markets protein-based products. BellRing Brands declined as competitive pressures and slowing sales weighed on performance. Despite beating earnings expectations early in the year, heightened rivalry in the protein shake category challenged BellRing Brands' ability to sustain its growth trajectory. We sold the holding during the fiscal year. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">The Trade Desk, Inc. | </div>The Trade Desk is a cloud-based platform for buying and optimizing digital ads across channels. The Trade Desk lagged as earnings came in below expectations and growth slowed amid industry headwinds. A mid-year reorganization impacted execution, while competitive pressures in connected TV further challenged performance. We sold the holding during the fiscal year. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900318.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Main Street Mid Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (Class A) —including sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.94<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.77<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.12<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Main Street Mid Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (Class A) —excluding sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.99<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.73<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Russell Midcap<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.60<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.67<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Main Street Mid Cap Fund® (Class A) —including sales charge 0.0294 0.0777 0.0912 Invesco Main Street Mid Cap Fund® (Class A) —excluding sales charge 0.0892 0.0899 0.0973 Russell Midcap® Index 0.106 0.0867 0.1101 S&P 500® Index 0.1788 0.1442 0.1482 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>2,482,228,856</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">98</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>15,360,369</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">44<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 2482228856 98 15360369 0.44 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MongoDB, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">2.01</div><div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Raymond James Financial, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.78<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Royal Caribbean Cruises Ltd.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Howmet Aerospace, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.74<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">First Industrial Realty Trust, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PPL Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.52<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sysco Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Permian Resources Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> </div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900332.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MongoDB, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">2.01</div><div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Raymond James Financial, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.78<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Royal Caribbean Cruises Ltd.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Howmet Aerospace, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.74<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">First Industrial Realty Trust, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PPL Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.52<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sysco Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Permian Resources Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> 0.0201 0.0178 0.0176 0.0174 0.0157 0.0152 0.0149 0.0143 0.0143 0.0143 Invesco Main Street Mid Cap Fund® Class C OPMCX This annual shareholder report contains important information about Invesco Main Street Mid Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;">(800) 959-4246</div><div style="font-family:Arial;display:inline;">.</div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Main Street Mid Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div><br/>(Class C)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>187</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">1.80<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 187 0.018 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, US equities reached record highs despite volatility, driven by enthusiasm for artificial intelligence, easing trade concerns and the Federal Reserve's move to cut interest rates. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class C shares of the Fund, excluding sales charge, returned 8.06%. For the same time period, the Russell Midcap<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (the "Benchmark") returned 10.60%. The Fund underperformed the Benchmark mainly as a result of stock selection in the information technology, consumer staples and financials sectors. Stronger stock selection in the health care, industrials and real estate sectors partially offset these results.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">MongoDB, Inc. | </div>MongoDB is a software company providing a general-purpose database platform. MongoDB delivered robust results, as its cloud revenue growth accelerated and exceeded investor expectations.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">ATI, Inc. | </div>ATI produces specialty materials for global industrial and aerospace markets. ATI consistently exceeded earnings expectations and raised future earnings guidance during the period. Strong aerospace demand, particularly for jet engines, drove growth and provided promising future order visibility. </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">BellRing Brands, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> BellRing Brands develops and markets protein-based products. BellRing Brands declined as competitive pressures and slowing sales weighed on performance. Despite beating earnings expectations early in the year, heightened rivalry in the protein shake category challenged BellRing Brands' ability to sustain its growth trajectory. We sold the holding during the fiscal year. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">The Trade Desk, Inc. | </div>The Trade Desk is a cloud-based platform for buying and optimizing digital ads across channels. The Trade Desk lagged as earnings came in below expectations and growth slowed amid industry headwinds. A mid-year reorganization impacted execution, while competitive pressures in connected TV further challenged performance. We sold the holding during the fiscal year. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900356.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Main Street Mid Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (Class C) —including sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.11<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.17<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.08<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Main Street Mid Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (Class C) —excluding sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.17<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.08<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Russell Midcap<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.60<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.67<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Main Street Mid Cap Fund® (Class C) —including sales charge 0.0711 0.0817 0.0908 Invesco Main Street Mid Cap Fund® (Class C) —excluding sales charge 0.0806 0.0817 0.0908 Russell Midcap® Index 0.106 0.0867 0.1101 S&P 500® Index 0.1788 0.1442 0.1482 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>2,482,228,856</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">98</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>15,360,369</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">44<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 2482228856 98 15360369 0.44 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MongoDB, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Raymond James Financial, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.78<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Royal Caribbean Cruises Ltd.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Howmet Aerospace, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.74<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">First Industrial Realty Trust, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PPL Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.52<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sysco Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Permian Resources Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> </div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900361.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MongoDB, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Raymond James Financial, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.78<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Royal Caribbean Cruises Ltd.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Howmet Aerospace, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.74<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">First Industrial Realty Trust, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PPL Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.52<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sysco Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Permian Resources Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> 0.0201 0.0178 0.0176 0.0174 0.0157 0.0152 0.0149 0.0143 0.0143 0.0143 Invesco Main Street Mid Cap Fund® Class R OPMNX This annual shareholder report contains important information about Invesco Main Street Mid Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Main Street Mid Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div><br/>(Class R)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>136</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">1.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 136 0.013 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, US equities reached record highs despite volatility, driven by enthusiasm for artificial intelligence, easing trade concerns and the Federal Reserve's move to cut interest rates. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R shares of the Fund returned 8.64%. For the same time period, the Russell Midcap<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (the "Benchmark") returned 10.60%. The Fund underperformed the Benchmark mainly as a result of stock selection in the information technology, consumer staples and financials sectors. Stronger stock selection in the health care, industrials and real estate sectors partially offset these results.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">MongoDB, Inc. | </div>MongoDB is a software company providing a general-purpose database platform. MongoDB delivered robust results, as its cloud revenue growth accelerated and exceeded investor expectations.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">ATI, Inc. | </div>ATI produces specialty materials for global industrial and aerospace markets. ATI consistently exceeded earnings expectations and raised future earnings guidance during the period. Strong aerospace demand, particularly for jet engines, drove growth and provided promising future order visibility. </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">BellRing Brands, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> BellRing Brands develops and markets protein-based products. BellRing Brands declined as competitive pressures and slowing sales weighed on performance. Despite beating earnings expectations early in the year, heightened rivalry in the protein shake category challenged BellRing Brands' ability to sustain its growth trajectory. We sold the holding during the fiscal year. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">The Trade Desk, Inc. | </div>The Trade Desk is a cloud-based platform for buying and optimizing digital ads across channels. The Trade Desk lagged as earnings came in below expectations and growth slowed amid industry headwinds. A mid-year reorganization impacted execution, while competitive pressures in connected TV further challenged performance. We sold the holding during the fiscal year. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900392.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Main Street Mid Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (Class R)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.46<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Russell Midcap<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.60<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.67<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Main Street Mid Cap Fund® (Class R) 0.0864 0.0872 0.0946 Russell Midcap® Index 0.106 0.0867 0.1101 S&P 500® Index 0.1788 0.1442 0.1482 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>2,482,228,856</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">98</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>15,360,369</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">44<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 2482228856 98 15360369 0.44 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MongoDB, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Raymond James Financial, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.78<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Royal Caribbean Cruises Ltd.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Howmet Aerospace, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.74<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">First Industrial Realty Trust, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PPL Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.52<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sysco Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Permian Resources Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> </div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900397.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MongoDB, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Raymond James Financial, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.78<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Royal Caribbean Cruises Ltd.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Howmet Aerospace, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.74<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">First Industrial Realty Trust, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PPL Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.52<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sysco Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Permian Resources Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> 0.0201 0.0178 0.0176 0.0174 0.0157 0.0152 0.0149 0.0143 0.0143 0.0143 Invesco Main Street Mid Cap Fund® Class Y OPMYX This annual shareholder report contains important information about Invesco Main Street Mid Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Main Street Mid Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div><br/>(Class Y)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>84</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.80<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 84 0.008 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, US equities reached record highs despite volatility, driven by enthusiasm for artificial intelligence, easing trade concerns and the Federal Reserve's move to cut interest rates. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class Y shares of the Fund returned 9.20%. For the same time period, the Russell Midcap<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (the "Benchmark") returned 10.60%. The Fund underperformed the Benchmark mainly as a result of stock selection in the information technology, consumer staples and financials sectors. Stronger stock selection in the health care, industrials and real estate sectors partially offset these results.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">MongoDB, Inc. | </div>MongoDB is a software company providing a general-purpose database platform. MongoDB delivered robust results, as its cloud revenue growth accelerated and exceeded investor expectations.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">ATI, Inc. | </div>ATI produces specialty materials for global industrial and aerospace markets. ATI consistently exceeded earnings expectations and raised future earnings guidance during the period. Strong aerospace demand, particularly for jet engines, drove growth and provided promising future order visibility. </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">BellRing Brands, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> BellRing Brands develops and markets protein-based products. BellRing Brands declined as competitive pressures and slowing sales weighed on performance. Despite beating earnings expectations early in the year, heightened rivalry in the protein shake category challenged BellRing Brands' ability to sustain its growth trajectory. We sold the holding during the fiscal year. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">The Trade Desk, Inc. | </div>The Trade Desk is a cloud-based platform for buying and optimizing digital ads across channels. The Trade Desk lagged as earnings came in below expectations and growth slowed amid industry headwinds. A mid-year reorganization impacted execution, while competitive pressures in connected TV further challenged performance. We sold the holding during the fiscal year. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900406.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Main Street Mid Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (Class Y)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.20<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.26<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Russell Midcap<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.60<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.67<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Main Street Mid Cap Fund® (Class Y) 0.092 0.0926 0.1001 Russell Midcap® Index 0.106 0.0867 0.1101 S&P 500® Index 0.1788 0.1442 0.1482 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>2,482,228,856</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">98</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>15,360,369</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">44<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 2482228856 98 15360369 0.44 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MongoDB, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Raymond James Financial, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.78<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Royal Caribbean Cruises Ltd.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Howmet Aerospace, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.74<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">First Industrial Realty Trust, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PPL Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.52<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sysco Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Permian Resources Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> </div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900434.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MongoDB, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Raymond James Financial, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.78<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Royal Caribbean Cruises Ltd.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Howmet Aerospace, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.74<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">First Industrial Realty Trust, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PPL Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.52<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sysco Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Permian Resources Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> 0.0201 0.0178 0.0176 0.0174 0.0157 0.0152 0.0149 0.0143 0.0143 0.0143 Invesco Main Street Mid Cap Fund® Class R5 MSMJX This annual shareholder report contains important information about Invesco Main Street Mid Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Main Street Mid Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div><br/>(Class R5)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>78</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.75<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 78 0.0075 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, US equities reached record highs despite volatility, driven by enthusiasm for artificial intelligence, easing trade concerns and the Federal Reserve's move to cut interest rates. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R5 shares of the Fund returned 9.23%. For the same time period, the Russell Midcap<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (the "Benchmark") returned 10.60%. The Fund underperformed the Benchmark mainly as a result of stock selection in the information technology, consumer staples and financials sectors. Stronger stock selection in the health care, industrials and real estate sectors partially offset these results.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">MongoDB, Inc. | </div>MongoDB is a software company providing a general-purpose database platform. MongoDB delivered robust results, as its cloud revenue growth accelerated and exceeded investor expectations.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">ATI, Inc. | </div>ATI produces specialty materials for global industrial and aerospace markets. ATI consistently exceeded earnings expectations and raised future earnings guidance during the period. Strong aerospace demand, particularly for jet engines, drove growth and provided promising future order visibility. </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">BellRing Brands, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> BellRing Brands develops and markets protein-based products. BellRing Brands declined as competitive pressures and slowing sales weighed on performance. Despite beating earnings expectations early in the year, heightened rivalry in the protein shake category challenged BellRing Brands' ability to sustain its growth trajectory. We sold the holding during the fiscal year. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">The Trade Desk, Inc. | </div>The Trade Desk is a cloud-based platform for buying and optimizing digital ads across channels. The Trade Desk lagged as earnings came in below expectations and growth slowed amid industry headwinds. A mid-year reorganization impacted execution, while competitive pressures in connected TV further challenged performance. We sold the holding during the fiscal year. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900502.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Main Street Mid Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (Class R5)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.23<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.97<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Russell Midcap<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.60<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.67<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Main Street Mid Cap Fund® (Class R5) 0.0923 0.0932 0.0997 Russell Midcap® Index 0.106 0.0867 0.1101 S&P 500® Index 0.1788 0.1442 0.1482 2019-05-24 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>2,482,228,856</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">98</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>15,360,369</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">44<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 2482228856 98 15360369 0.44 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MongoDB, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Raymond James Financial, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.78<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Royal Caribbean Cruises Ltd.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Howmet Aerospace, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.74<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">First Industrial Realty Trust, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PPL Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.52<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sysco Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Permian Resources Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> </div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9899853.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MongoDB, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Raymond James Financial, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.78<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Royal Caribbean Cruises Ltd.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Howmet Aerospace, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.74<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">First Industrial Realty Trust, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PPL Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.52<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sysco Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Permian Resources Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> 0.0201 0.0178 0.0176 0.0174 0.0157 0.0152 0.0149 0.0143 0.0143 0.0143 Invesco Main Street Mid Cap Fund® Class R6 OPMIX This annual shareholder report contains important information about Invesco Main Street Mid Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Main Street Mid Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div><br/>(Class R6)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>71</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.68<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 71 0.0068 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, US equities reached record highs despite volatility, driven by enthusiasm for artificial intelligence, easing trade concerns and the Federal Reserve's move to cut interest rates. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R6 shares of the Fund returned 9.32%. For the same time period, the Russell Midcap<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (the "Benchmark") returned 10.60%. The Fund underperformed the Benchmark mainly as a result of stock selection in the information technology, consumer staples and financials sectors. Stronger stock selection in the health care, industrials and real estate sectors partially offset these results.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">MongoDB, Inc. | </div>MongoDB is a software company providing a general-purpose database platform. MongoDB delivered robust results, as its cloud revenue growth accelerated and exceeded investor expectations.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">ATI, Inc. | </div>ATI produces specialty materials for global industrial and aerospace markets. ATI consistently exceeded earnings expectations and raised future earnings guidance during the period. Strong aerospace demand, particularly for jet engines, drove growth and provided promising future order visibility. </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">BellRing Brands, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> BellRing Brands develops and markets protein-based products. BellRing Brands declined as competitive pressures and slowing sales weighed on performance. Despite beating earnings expectations early in the year, heightened rivalry in the protein shake category challenged BellRing Brands' ability to sustain its growth trajectory. We sold the holding during the fiscal year. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">The Trade Desk, Inc. | </div>The Trade Desk is a cloud-based platform for buying and optimizing digital ads across channels. The Trade Desk lagged as earnings came in below expectations and growth slowed amid industry headwinds. A mid-year reorganization impacted execution, while competitive pressures in connected TV further challenged performance. We sold the holding during the fiscal year. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900534.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Main Street Mid Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (Class R6)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.40<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.18<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Russell Midcap<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.60<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.67<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Main Street Mid Cap Fund® (Class R6) 0.0932 0.094 0.1018 Russell Midcap® Index 0.106 0.0867 0.1101 S&P 500® Index 0.1788 0.1442 0.1482 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>2,482,228,856</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">98</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>15,360,369</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">44<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 2482228856 98 15360369 0.44 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MongoDB, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Raymond James Financial, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.78<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Royal Caribbean Cruises Ltd.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Howmet Aerospace, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.74<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">First Industrial Realty Trust, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PPL Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.52<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sysco Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Permian Resources Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> </div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900539.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MongoDB, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Raymond James Financial, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.78<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Royal Caribbean Cruises Ltd.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Howmet Aerospace, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.74<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">First Industrial Realty Trust, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PPL Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.52<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sysco Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Permian Resources Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> 0.0201 0.0178 0.0176 0.0174 0.0157 0.0152 0.0149 0.0143 0.0143 0.0143 Invesco Main Street Small Cap Fund® Class A OSCAX This annual shareholder report contains important information about Invesco Main Street Small Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Main Street Small Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div><br/>(Class A)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>109</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">1.05<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 109 0.0105 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, US equities reached record highs despite volatility, driven by enthusiasm for artificial intelligence, easing trade concerns and the Federal Reserve's move to cut interest rates. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class A shares of the Fund, excluding sales charge, returned 8.45%. For the same time period, the Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (the "Benchmark") returned 12.81%. The Fund underperformed the Benchmark mainly as a result of stock selection in the energy, materials and industrials sectors. Stronger stock selection in the financials, real estate and information technology sectors partially offset these results.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Guardant Health, Inc. | </div>Guardant Health operates as a biotechnology company. Guardant Health delivered strong results, driven by diagnostics momentum and strategic partnerships with leading testing centers. Early cash flow positivity and reimbursement approvals for colorectal cancer tests positioned the company for continued growth. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">ATI, Inc. | </div>ATI produces specialty materials for global industrial and aerospace markets. ATI consistently exceeded earnings expectations and raised future earnings guidance during the period. Strong aerospace demand, particularly for jet engines, drove growth and provided promising future order visibility. </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">BellRing Brands, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> BellRing Brands develops and markets protein-based products. BellRing Brands declined as competitive pressures and slowing sales weighed on performance. Despite beating earnings expectations early in the year, heightened rivalry in the protein shake category challenged BellRing Brands' ability to sustain its growth trajectory. We sold the holding during the fiscal year. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Northern Oil and Gas, Inc. | </div>Northern Oil and Gas faced weaker oil prices, sector volatility and supply concerns. Broader energy market pressures added uncertainty, offsetting operational improvements and growth initiatives. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9901077.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Main Street Small Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (Class A) —including sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.46<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.70<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.53<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Main Street Small Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (Class A) —excluding sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.45<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">12.81<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.09<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.62<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Main Street Small Cap Fund® (Class A) —including sales charge 0.0246 0.067 0.0953 Invesco Main Street Small Cap Fund® (Class A) —excluding sales charge 0.0845 0.0792 0.1015 Russell 2000® Index 0.1281 0.0609 0.0962 S&P 500® Index 0.1788 0.1442 0.1482 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>2,340,817,063</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">98</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>13,120,090</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">53<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 2340817063 98 13120090 0.53 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PennyMac Financial Services, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.03<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">ADMA Biologics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Enpro, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.77<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Columbia Banking System, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BrightSpring Health Services, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.70<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.68<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Helmerich &amp; Payne, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> </div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9901082.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PennyMac Financial Services, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.03<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">ADMA Biologics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Enpro, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.77<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Columbia Banking System, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BrightSpring Health Services, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.70<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.68<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Helmerich &amp; Payne, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> 0.0206 0.0203 0.0182 0.0177 0.0176 0.017 0.0168 0.0165 0.0164 0.0161 Invesco Main Street Small Cap Fund® Class C OSCCX This annual shareholder report contains important information about Invesco Main Street Small Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Main Street Small Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div><br/>(Class C)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>187</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">1.80<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 187 0.018 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, US equities reached record highs despite volatility, driven by enthusiasm for artificial intelligence, easing trade concerns and the Federal Reserve's move to cut interest rates. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class C shares of the Fund, excluding sales charge, returned 7.64%. For the same time period, the Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (the "Benchmark") returned 12.81%. The Fund underperformed the Benchmark mainly as a result of stock selection in the energy, materials and industrials sectors. Stronger stock selection in the financials, real estate and information technology sectors partially offset these results.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Guardant Health, Inc. | </div>Guardant Health operates as a biotechnology company. Guardant Health delivered strong results, driven by diagnostics momentum and strategic partnerships with leading testing centers. Early cash flow positivity and reimbursement approvals for colorectal cancer tests positioned the company for continued growth. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">ATI, Inc. | </div>ATI produces specialty materials for global industrial and aerospace markets. ATI consistently exceeded earnings expectations and raised future earnings guidance during the period. Strong aerospace demand, particularly for jet engines, drove growth and provided promising future order visibility. </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">BellRing Brands, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> BellRing Brands develops and markets protein-based products. BellRing Brands declined as competitive pressures and slowing sales weighed on performance. Despite beating earnings expectations early in the year, heightened rivalry in the protein shake category challenged BellRing Brands' ability to sustain its growth trajectory. We sold the holding during the fiscal year. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Northern Oil and Gas, Inc. | </div>Northern Oil and Gas faced weaker oil prices, sector volatility and supply concerns. Broader energy market pressures added uncertainty, offsetting operational improvements and growth initiatives. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900614.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Main Street Small Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (Class C) —including sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.11<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Main Street Small Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (Class C) —excluding sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.11<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">12.81<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.09<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.62<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Main Street Small Cap Fund® (Class C) —including sales charge 0.0665 0.0711 0.0949 Invesco Main Street Small Cap Fund® (Class C) —excluding sales charge 0.0764 0.0711 0.0949 Russell 2000® Index 0.1281 0.0609 0.0962 S&P 500® Index 0.1788 0.1442 0.1482 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>2,340,817,063</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">98</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>13,120,090</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">53<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 2340817063 98 13120090 0.53 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PennyMac Financial Services, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.03<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">ADMA Biologics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Enpro, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.77<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Columbia Banking System, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BrightSpring Health Services, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.70<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.68<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Helmerich &amp; Payne, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> </div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900619.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PennyMac Financial Services, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.03<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">ADMA Biologics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Enpro, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.77<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Columbia Banking System, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BrightSpring Health Services, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.70<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.68<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Helmerich &amp; Payne, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> 0.0206 0.0203 0.0182 0.0177 0.0176 0.017 0.0168 0.0165 0.0164 0.0161 Invesco Main Street Small Cap Fund® Class R OSCNX This annual shareholder report contains important information about Invesco Main Street Small Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Main Street Small Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div><br/>(Class R)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>135</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">1.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 135 0.013 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, US equities reached record highs despite volatility, driven by enthusiasm for artificial intelligence, easing trade concerns and the Federal Reserve's move to cut interest rates. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R shares of the Fund returned 8.20%. For the same time period, the Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (the "Benchmark") returned 12.81%. The Fund underperformed the Benchmark mainly as a result of stock selection in the energy, materials and industrials sectors. Stronger stock selection in the financials, real estate and information technology sectors partially offset these results.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Guardant Health, Inc. | </div>Guardant Health operates as a biotechnology company. Guardant Health delivered strong results, driven by diagnostics momentum and strategic partnerships with leading testing centers. Early cash flow positivity and reimbursement approvals for colorectal cancer tests positioned the company for continued growth. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">ATI, Inc. | </div>ATI produces specialty materials for global industrial and aerospace markets. ATI consistently exceeded earnings expectations and raised future earnings guidance during the period. Strong aerospace demand, particularly for jet engines, drove growth and provided promising future order visibility. </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">BellRing Brands, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> BellRing Brands develops and markets protein-based products. BellRing Brands declined as competitive pressures and slowing sales weighed on performance. Despite beating earnings expectations early in the year, heightened rivalry in the protein shake category challenged BellRing Brands' ability to sustain its growth trajectory. We sold the holding during the fiscal year. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Northern Oil and Gas, Inc. | </div>Northern Oil and Gas faced weaker oil prices, sector volatility and supply concerns. Broader energy market pressures added uncertainty, offsetting operational improvements and growth initiatives. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900628.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Main Street Small Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (Class R)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.20<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.87<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">12.81<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.09<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.62<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Main Street Small Cap Fund® (Class R) 0.082 0.0765 0.0987 Russell 2000® Index 0.1281 0.0609 0.0962 S&P 500® Index 0.1788 0.1442 0.1482 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>2,340,817,063</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">98</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>13,120,090</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">53<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 2340817063 98 13120090 0.53 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PennyMac Financial Services, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.03<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">ADMA Biologics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Enpro, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.77<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Columbia Banking System, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BrightSpring Health Services, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.70<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.68<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Helmerich &amp; Payne, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> </div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900633.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PennyMac Financial Services, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.03<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">ADMA Biologics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Enpro, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.77<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Columbia Banking System, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BrightSpring Health Services, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.70<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.68<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Helmerich &amp; Payne, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> 0.0206 0.0203 0.0182 0.0177 0.0176 0.017 0.0168 0.0165 0.0164 0.0161 Invesco Main Street Small Cap Fund® Class Y OSCYX This annual shareholder report contains important information about Invesco Main Street Small Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Main Street Small Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div><br/>(Class Y)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>83</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.80<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 83 0.008 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, US equities reached record highs despite volatility, driven by enthusiasm for artificial intelligence, easing trade concerns and the Federal Reserve's move to cut interest rates. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class Y shares of the Fund returned 8.70%. For the same time period, the Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (the "Benchmark") returned 12.81%. The Fund underperformed the Benchmark mainly as a result of stock selection in the energy, materials and industrials sectors. Stronger stock selection in the financials, real estate and information technology sectors partially offset these results.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Guardant Health, Inc. | </div>Guardant Health operates as a biotechnology company. Guardant Health delivered strong results, driven by diagnostics momentum and strategic partnerships with leading testing centers. Early cash flow positivity and reimbursement approvals for colorectal cancer tests positioned the company for continued growth. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">ATI, Inc. | </div>ATI produces specialty materials for global industrial and aerospace markets. ATI consistently exceeded earnings expectations and raised future earnings guidance during the period. Strong aerospace demand, particularly for jet engines, drove growth and provided promising future order visibility. </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">BellRing Brands, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> BellRing Brands develops and markets protein-based products. BellRing Brands declined as competitive pressures and slowing sales weighed on performance. Despite beating earnings expectations early in the year, heightened rivalry in the protein shake category challenged BellRing Brands' ability to sustain its growth trajectory. We sold the holding during the fiscal year. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Northern Oil and Gas, Inc. | </div>Northern Oil and Gas faced weaker oil prices, sector volatility and supply concerns. Broader energy market pressures added uncertainty, offsetting operational improvements and growth initiatives. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900690.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Main Street Small Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (Class Y)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.70<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.45<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">12.81<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.09<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.62<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Main Street Small Cap Fund® (Class Y) 0.087 0.0819 0.1045 Russell 2000® Index 0.1281 0.0609 0.0962 S&P 500® Index 0.1788 0.1442 0.1482 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>2,340,817,063</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">98</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>13,120,090</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">53<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 2340817063 98 13120090 0.53 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PennyMac Financial Services, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.03<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">ADMA Biologics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Enpro, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.77<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Columbia Banking System, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BrightSpring Health Services, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.70<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.68<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Helmerich &amp; Payne, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> </div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900707.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PennyMac Financial Services, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.03<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">ADMA Biologics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Enpro, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.77<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Columbia Banking System, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BrightSpring Health Services, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.70<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.68<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Helmerich &amp; Payne, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> 0.0206 0.0203 0.0182 0.0177 0.0176 0.017 0.0168 0.0165 0.0164 0.0161 Invesco Main Street Small Cap Fund Class R5 MNSQX This annual shareholder report contains important information about Invesco Main Street Small Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Main Street Small Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div><br/>(Class R5)</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>79</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 79 0.0076 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, US equities reached record highs despite volatility, driven by enthusiasm for artificial intelligence, easing trade concerns and the Federal Reserve's move to cut interest rates. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R5 shares of the Fund returned 8.74%. For the same time period, the Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (the "Benchmark") returned 12.81%. The Fund underperformed the Benchmark mainly as a result of stock selection in the energy, materials and industrials sectors. Stronger stock selection in the financials, real estate and information technology sectors partially offset these results.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Guardant Health, Inc. | </div>Guardant Health operates as a biotechnology company. Guardant Health delivered strong results, driven by diagnostics momentum and strategic partnerships with leading testing centers. Early cash flow positivity and reimbursement approvals for colorectal cancer tests positioned the company for continued growth. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">ATI, Inc. | </div>ATI produces specialty materials for global industrial and aerospace markets. ATI consistently exceeded earnings expectations and raised future earnings guidance during the period. Strong aerospace demand, particularly for jet engines, drove growth and provided promising future order visibility. </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">BellRing Brands, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> BellRing Brands develops and markets protein-based products. BellRing Brands declined as competitive pressures and slowing sales weighed on performance. Despite beating earnings expectations early in the year, heightened rivalry in the protein shake category challenged BellRing Brands' ability to sustain its growth trajectory. We sold the holding during the fiscal year. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Northern Oil and Gas, Inc. | </div>Northern Oil and Gas faced weaker oil prices, sector volatility and supply concerns. <div style="letter-spacing: 0px; top: 0px;display:inline;">Broader</div> <div style="letter-spacing: 0px; top: 0px;display:inline;">energy</div> market pressures added uncertainty, offsetting operational improvements and growth initiatives. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900723.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Main Street Small Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (Class R5)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.74<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.27<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.40<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">12.81<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.09<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.62<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> Invesco Main Street Small Cap Fund® (Class R5) 0.0874 0.0827 0.104 Russell 2000® Index 0.1281 0.0609 0.0962 S&P 500® Index 0.1788 0.1442 0.1482 2019-05-24 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>2,340,817,063</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">98</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>13,120,090</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">53<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 2340817063 98 13120090 0.53 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"><div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"><div style="padding-right: 10pt; padding-left: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div></div><div style="padding-right: 10pt; padding-left: 10pt;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, <div style="letter-spacing: 0px; top: 0px;display:inline;">Inc.</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PennyMac Financial Services, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.03<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">ADMA Biologics, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Enpro, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.77<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Columbia Banking System, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BrightSpring Health Services, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.70<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.68<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Helmerich &amp; Payne, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td></tr></table></div><div style="padding-right: 10pt; padding-left: 10pt;"></div></div><div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"><div style="padding-right: 0; padding-left: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div></div><div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900728.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div></div><div style="padding-right: 10pt; padding-left: 10pt;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, <div style="letter-spacing: 0px; top: 0px;display:inline;">Inc.</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PennyMac Financial Services, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.03<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">ADMA Biologics, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Enpro, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.77<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Columbia Banking System, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BrightSpring Health Services, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.70<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.68<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Helmerich &amp; Payne, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td><td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td></tr></table></div> 0.0206 0.0203 0.0182 0.0177 0.0176 0.017 0.0168 0.0165 0.0164 0.0161 Invesco Main Street Small Cap Fund Class R6 OSSIX This annual shareholder report contains important information about Invesco Main Street Small Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Main Street Small Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div><br/>(Class R6)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>72</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.69<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 72 0.0069 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, US equities reached record highs despite volatility, driven by enthusiasm for artificial intelligence, easing trade concerns and the Federal Reserve's move to cut interest rates. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R6 shares of the Fund returned 8.86%. For the same time period, the Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index (the "Benchmark") returned 12.81%. The Fund underperformed the Benchmark mainly as a result of stock selection in the energy, materials and industrials sectors. Stronger stock selection in the financials, real estate and information technology sectors partially offset these results.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Guardant Health, Inc. | </div>Guardant Health operates as a biotechnology company. Guardant Health delivered strong results, driven by diagnostics momentum and strategic partnerships with leading testing centers. Early cash flow positivity and reimbursement approvals for colorectal cancer tests positioned the company for continued growth. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">ATI, Inc. | </div>ATI produces specialty materials for global industrial and aerospace markets. ATI consistently exceeded earnings expectations and raised future earnings guidance during the period. Strong aerospace demand, particularly for jet engines, drove growth and provided promising future order visibility. </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">BellRing Brands, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> BellRing Brands develops and markets protein-based products. BellRing Brands declined as competitive pressures and slowing sales weighed on performance. Despite beating earnings expectations early in the year, heightened rivalry in the protein shake category challenged BellRing Brands' ability to sustain its growth trajectory. We sold the holding during the fiscal year. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Northern Oil and Gas, Inc. | </div>Northern Oil and Gas faced weaker oil prices, sector volatility and supply concerns. Broader <div style="letter-spacing: 0px; top: 0px;display:inline;">energy</div> market pressures added uncertainty, offsetting operational improvements and growth initiatives. </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900756.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Main Street Small Cap Fund<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> (Class R6)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.60<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">12.81<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.09<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.62<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Main Street Small Cap Fund® (Class R6) 0.0886 0.0834 0.106 Russell 2000® Index 0.1281 0.0609 0.0962 S&P 500® Index 0.1788 0.1442 0.1482 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>2,340,817,063</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">98</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>13,120,090</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">53<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 2340817063 98 13120090 0.53 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"><div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net <div style="letter-spacing: 0px; top: 0px;display:inline;">assets</div>)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PennyMac Financial Services, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.03<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">ADMA Biologics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Enpro, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.77<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Columbia Banking System, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BrightSpring Health Services, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.70<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.68<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Helmerich &amp; Payne, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div></div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900761.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net <div style="letter-spacing: 0px; top: 0px;display:inline;">assets</div>)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">American Healthcare REIT, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">PennyMac Financial Services, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.03<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">ADMA Biologics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Enpro, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.77<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Columbia Banking System, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BrightSpring Health Services, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.70<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.68<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Wintrust Financial Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Helmerich &amp; Payne, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> 0.0206 0.0203 0.0182 0.0177 0.0176 0.017 0.0168 0.0165 0.0164 0.0161 Invesco Quality Income Fund Class A VKMGX This annual shareholder report contains important information about Invesco Quality Income Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Quality Income Fund<br/>(Class A)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>92</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">†</div></td> </tr> </table> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; width: 9pt;"> <div style="margin-top: 0px; font-kerning: none; font-family: Arial; font-style: italic; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:5.5px">†</div></div></div> </td> <td style="break-inside: avoid-page; vertical-align: middle; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"> <div style="margin-top: 0px; font-kerning: none; font-family: Arial; font-style: italic; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;">Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.</div></div> </td> </tr> </table> 92 0.0088 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> The Fund generated a positive return in 2025, supported by a broad decline in US Treasury yields of 40 to 80 basis points across the curve. Falling interest rates provided a favorable backdrop for duration sensitive assets, while credit and securitized sectors continued to benefit from stable economic conditions and resilient consumer fundamentals.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class A shares of the Fund, excluding sales charge, returned 8.23%. For the same time period, the Bloomberg US Mortgage Backed Securities Index returned 8.58%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset-backed securities (ABS) | </div>During 2025, ABS delivered the strongest contribution, supported by attractive starting yields and continued demand for high quality securitized assets.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Agency mortgage-backed securities (MBS) | </div>Agency MBS, which accounted for approximately 90% of the Fund during the period, added to performance, primarily due to declining rates and the Fund’s positioning in higher coupon collateral.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Non-agency MBS | </div>Non-agency MBS contributed positively for the year as spreads tightened and fundamentals remained stable.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Agency mortgages</div> <div style="font-weight:bolder;display:inline;"> |</div> Small detraction from security selection within agency mortgages.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9899020.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Quality Income Fund (Class A) —including sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.66<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-1.09<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.00<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Quality Income Fund (Class A) —excluding sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.23<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.22<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.44<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg US Mortgage Backed Securities Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.58<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.59<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Quality Income Fund (Class A) —including sales charge 0.0366 -0.0109 0.01 Invesco Quality Income Fund (Class A) —excluding sales charge 0.0823 -0.0022 0.0144 Bloomberg US Mortgage Backed Securities Index 0.0858 0.0015 0.0159 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>510,343,254</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">697</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>2,209,262</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">349<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 510343254 697 2209262 3.49 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"><div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.81<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.40<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Uniform Mortgage-Backed Securities, TBA, 6.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.17<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.14<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.00<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 10/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.73<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 3.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.08<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.00%, 05/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.05<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 5.50%, 11/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 04/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.96<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div></div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Security type allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of total investments)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9899750.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.81<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.40<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Uniform Mortgage-Backed Securities, TBA, 6.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.17<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.14<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.00<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 10/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.73<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 3.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.08<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.00%, 05/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.05<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 5.50%, 11/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 04/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.96<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> 0.0381 0.034 0.0317 0.0314 0.03 0.0273 0.0208 0.0205 0.0204 0.0196 Invesco Quality Income Fund Class C VUSCX This annual shareholder report contains important information about Invesco Quality Income Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Quality Income Fund<br/>(Class C)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>170</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">1.64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">†</div></td> </tr> </table> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; width: 9pt;"> <div style="margin-top: 0px; font-kerning: none; font-family: Arial; font-style: italic; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:5.5px">†</div></div></div> </td> <td style="break-inside: avoid-page; vertical-align: middle; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"> <div style="margin-top: 0px; font-kerning: none; font-family: Arial; font-style: italic; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;">Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.</div></div> </td> </tr> </table> 170 0.0164 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> The Fund generated a positive return in 2025, supported by a broad decline in US Treasury yields of 40 to 80 basis points across the curve. Falling interest rates provided a favorable backdrop for duration sensitive assets, while credit and securitized sectors continued to benefit from stable economic conditions and resilient consumer fundamentals.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class C shares of the Fund, excluding sales charge, returned 7.46%. For the same time period, the Bloomberg US Mortgage Backed Securities Index returned 8.58%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset-backed securities (ABS) | </div>During 2025, ABS delivered the strongest contribution, supported by attractive starting yields and continued demand for high quality securitized assets.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Agency mortgage-backed securities (MBS) | </div>Agency MBS, which accounted for approximately 90% of the Fund during the period, added to performance, primarily due to declining rates and the Fund’s positioning in higher coupon collateral.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Non-agency MBS | </div>Non-agency MBS contributed positively for the year as spreads tightened and fundamentals remained stable.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Agency mortgages</div> <div style="font-weight:bolder;display:inline;"> |</div> Small detraction from security selection within agency mortgages.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9899056.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Quality Income Fund (Class C) —including sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.46<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.97<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Quality Income Fund (Class C) —excluding sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.46<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.97<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg US Mortgage Backed Securities Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.58<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.59<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Quality Income Fund (Class C) —including sales charge 0.0646 -0.0097 0.0084 Invesco Quality Income Fund (Class C) —excluding sales charge 0.0746 -0.0097 0.0084 Bloomberg US Mortgage Backed Securities Index 0.0858 0.0015 0.0159 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>510,343,254</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">697</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>2,209,262</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">349<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 510343254 697 2209262 3.49 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"><div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.81<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.40<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Uniform Mortgage-Backed Securities, TBA, 6.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.17<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.14<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.00<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 10/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.73<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 3.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.08<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.00%, 05/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.05<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 5.50%, 11/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 04/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.96<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div></div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Security type allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of total investments)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9899787.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.81<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.40<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Uniform Mortgage-Backed Securities, TBA, 6.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.17<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.14<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.00<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 10/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.73<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 3.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.08<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.00%, 05/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.05<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 5.50%, 11/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 04/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.96<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> 0.0381 0.034 0.0317 0.0314 0.03 0.0273 0.0208 0.0205 0.0204 0.0196 Invesco Quality Income Fund Class R VUSRX This annual shareholder report contains important information about Invesco Quality Income Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Quality Income Fund<br/>(Class R)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>119</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">1.14<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">†</div></td> </tr> </table> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; width: 9pt;"> <div style="margin-top: 0px; font-kerning: none; font-family: Arial; font-style: italic; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:5.5px">†</div></div></div> </td> <td style="break-inside: avoid-page; vertical-align: middle; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"> <div style="margin-top: 0px; font-kerning: none; font-family: Arial; font-style: italic; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;">Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.</div></div> </td> </tr> </table> 119 0.0114 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> The Fund generated a positive return in 2025, supported by a broad decline in US Treasury yields of 40 to 80 basis points across the curve. Falling interest rates provided a favorable backdrop for duration sensitive assets, while credit and securitized sectors continued to benefit from stable economic conditions and resilient consumer fundamentals.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R shares of the Fund returned 7.96%. For the same time period, the Bloomberg US Mortgage Backed Securities Index returned 8.58%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset-backed securities (ABS) | </div>During 2025, ABS delivered the strongest contribution, supported by attractive starting yields and continued demand for high quality securitized assets.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Agency mortgage-backed securities (MBS) | </div>Agency MBS, which accounted for approximately 90% of the Fund during the period, added to performance, primarily due to declining rates and the Fund’s positioning in higher coupon collateral.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Non-agency MBS | </div>Non-agency MBS contributed positively for the year as spreads tightened and fundamentals remained stable.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Agency mortgages</div> <div style="font-weight:bolder;display:inline;"> |</div> Small detraction from security selection within agency mortgages.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9899200.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Quality Income Fund (Class R)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.96<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.17<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg US Mortgage Backed Securities Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.58<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.59<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Quality Income Fund (Class R) 0.0796 -0.0049 0.0117 Bloomberg US Mortgage Backed Securities Index 0.0858 0.0015 0.0159 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 2020-05-15 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>510,343,254</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">697</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>2,209,262</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">349<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 510343254 697 2209262 3.49 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"><div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.81<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.40<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Uniform Mortgage-Backed Securities, TBA, 6.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.17<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.14<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.00<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 10/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.73<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 3.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.08<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.00%, 05/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.05<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 5.50%, 11/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 04/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.96<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div></div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Security type allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of total investments)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9899205.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.81<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.40<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Uniform Mortgage-Backed Securities, TBA, 6.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.17<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.14<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.00<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 10/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.73<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 3.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.08<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.00%, 05/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.05<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 5.50%, 11/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 04/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.96<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> 0.0381 0.034 0.0317 0.0314 0.03 0.0273 0.0208 0.0205 0.0204 0.0196 Invesco Quality Income Fund Class Y VUSIX This annual shareholder report contains important information about Invesco Quality Income Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Quality Income Fund<br/>(Class Y)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>67</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">†</div></td> </tr> </table> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; width: 9pt;"> <div style="margin-top: 0px; font-kerning: none; font-family: Arial; font-style: italic; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:5.5px">†</div></div></div> </td> <td style="break-inside: avoid-page; vertical-align: middle; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"> <div style="margin-top: 0px; font-kerning: none; font-family: Arial; font-style: italic; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;">Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.</div></div> </td> </tr> </table> 67 0.0064 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> The Fund generated a positive return in 2025, supported by a broad decline in US Treasury yields of 40 to 80 basis points across the curve. Falling interest rates provided a favorable backdrop for duration sensitive assets, while credit and securitized sectors continued to benefit from stable economic conditions and resilient consumer fundamentals.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class Y shares of the Fund returned 8.48%. For the same time period, the Bloomberg US Mortgage Backed Securities Index returned 8.58%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset-backed securities (ABS) | </div>During 2025, ABS delivered the strongest contribution, supported by attractive starting yields and continued demand for high quality securitized assets.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Agency mortgage-backed securities (MBS) | </div>Agency MBS, which accounted for approximately 90% of the Fund during the period, added to performance, primarily due to declining rates and the Fund’s positioning in higher coupon collateral.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Non-agency MBS | </div>Non-agency MBS contributed positively for the year as spreads tightened and fundamentals remained stable.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Agency mortgages</div> <div style="font-weight:bolder;display:inline;"> |</div> Small detraction from security selection within agency mortgages.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9899818.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Quality Income Fund (Class Y)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.48<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.02<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.68<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg US Mortgage Backed Securities Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.58<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.59<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Quality Income Fund (Class Y) 0.0848 0.0002 0.0168 Bloomberg US Mortgage Backed Securities Index 0.0858 0.0015 0.0159 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>510,343,254</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">697</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>2,209,262</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">349<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 510343254 697 2209262 3.49 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"><div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.81<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.40<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Uniform Mortgage-Backed Securities, TBA, 6.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.17<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.14<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.00<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 10/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.73<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 3.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.08<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.00%, 05/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.05<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 5.50%, 11/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 04/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.96<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div></div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Security type allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of total investments)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9899823.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.81<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.40<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Uniform Mortgage-Backed Securities, TBA, 6.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.17<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.14<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.00<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 10/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.73<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 3.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.08<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.00%, 05/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.05<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 5.50%, 11/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 04/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.96<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> 0.0381 0.034 0.0317 0.0314 0.03 0.0273 0.0208 0.0205 0.0204 0.0196 Invesco Quality Income Fund Class R5 VUSJX This annual shareholder report contains important information about Invesco Quality Income Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Quality Income Fund<br/>(Class R5)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>63</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.60<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 63 0.006 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> The Fund generated a positive return in 2025, supported by a broad decline in US Treasury yields of 40 to 80 basis points across the curve. Falling interest rates provided a favorable backdrop for duration sensitive assets, while credit and securitized sectors continued to benefit from stable economic conditions and resilient consumer fundamentals.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R5 shares of the Fund returned 8.43%. For the same time period, the Bloomberg US Mortgage Backed Securities Index returned 8.58%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset-backed securities (ABS) | </div>During 2025, ABS delivered the strongest contribution, supported by attractive starting yields and continued demand for high quality securitized assets.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Agency mortgage-backed securities (MBS) | </div>Agency MBS, which accounted for approximately 90% of the Fund during the period, added to performance, primarily due to declining rates and the Fund’s positioning in higher coupon collateral.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Non-agency MBS | </div>Non-agency MBS contributed positively for the year as spreads tightened and fundamentals remained stable.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Agency mortgages</div> <div style="font-weight:bolder;display:inline;"> |</div> Small detraction from security selection within agency mortgages.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9899833.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Quality Income Fund (Class R5)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.75<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg US Mortgage Backed Securities Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.58<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.59<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Quality Income Fund (Class R5) 0.0843 0.0006 0.0175 Bloomberg US Mortgage Backed Securities Index 0.0858 0.0015 0.0159 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>510,343,254</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">697</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>2,209,262</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">349<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 510343254 697 2209262 3.49 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"><div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.81<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.40<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Uniform Mortgage-Backed Securities, TBA, 6.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.17<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.14<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.00<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 10/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.73<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 3.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.08<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.00%, 05/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.05<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 5.50%, 11/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 04/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.96<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div></div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Security type allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of total investments)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9899850.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.81<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.40<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Uniform Mortgage-Backed Securities, TBA, 6.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.17<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.14<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.00<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 10/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.73<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 3.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.08<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.00%, 05/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.05<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 5.50%, 11/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 04/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.96<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> 0.0381 0.034 0.0317 0.0314 0.03 0.0273 0.0208 0.0205 0.0204 0.0196 Invesco Quality Income Fund Class R6 VUSSX This annual shareholder report contains important information about Invesco Quality Income Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Quality Income Fund<br/>(Class R6)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>56</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.54<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 56 0.0054 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> The Fund generated a positive return in 2025, supported by a broad decline in US Treasury yields of 40 to 80 basis points across the curve. Falling interest rates provided a favorable backdrop for duration sensitive assets, while credit and securitized sectors continued to benefit from stable economic conditions and resilient consumer fundamentals.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R6 shares of the Fund returned 8.60%. For the same time period, the Bloomberg US Mortgage Backed Securities Index returned 8.58%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset-backed securities (ABS) | </div>During 2025, ABS delivered the strongest contribution, supported by attractive starting yields and continued demand for high quality securitized assets.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Agency mortgage-backed securities (MBS) | </div>Agency MBS, which accounted for approximately 90% of the Fund during the period, added to performance, primarily due to declining rates and the Fund’s positioning in higher coupon collateral.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Non-agency MBS | </div>Non-agency MBS contributed positively for the year as spreads tightened and fundamentals remained stable.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Agency mortgages</div> <div style="font-weight:bolder;display:inline;"> |</div> Small detraction from security selection within agency mortgages.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9899924.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Quality Income Fund (Class R6)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.60<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.12<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg US Mortgage Backed Securities Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.58<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.59<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Quality Income Fund (Class R6) 0.086 0.0012 0.0176 Bloomberg US Mortgage Backed Securities Index 0.0858 0.0015 0.0159 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 2017-04-04 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>510,343,254</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">697</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>2,209,262</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">349<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 510343254 697 2209262 3.49 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"><div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.81<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.40<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Uniform Mortgage-Backed Securities, TBA, 6.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.17<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.14<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.00<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 10/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.73<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 3.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.08<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.00%, 05/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.05<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 5.50%, 11/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 04/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.96<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div></div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Security type allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of total investments)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9899929.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.81<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 2.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.40<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Uniform Mortgage-Backed Securities, TBA, 6.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.17<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.14<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 5.50%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.00<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 10/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.73<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Government National Mortgage Association, TBA, 3.00%, 01/01/2056</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.08<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.00%, 05/01/2051</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.05<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 5.50%, 11/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Federal Home Loan Mortgage Corp., 2.50%, 04/01/2052</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.96<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> 0.0381 0.034 0.0317 0.0314 0.03 0.0273 0.0208 0.0205 0.0204 0.0196 Invesco Select Risk: Conservative Investor Fund Class A OACIX This annual shareholder report contains important information about Invesco Select Risk: Conservative Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Conservative Investor Fund<br/>(Class A)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>42</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.40<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 42 0.004 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class A shares of the Fund, excluding sales charge, returned 9.37%. For the same time period, the Custom Invesco Select Risk: Conservative Investor Index (the "Benchmark") returned 8.32%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was a positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Alternatives | </div>The Fund's exposure to alternatives relative to the Benchmark was a positive contributor to relative return.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection </div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's fixed income manager selection effects detracted from the Fund's relative performance, with key detractors being selection within core plus and core fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Alternative manager selection | </div>The Fund's alternative manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within managed futures.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection | </div>The Fund's equity manager selection effects detracted from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900975.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Conservative Investor Fund (Class A) —including sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.40<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.26<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.12<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Conservative Investor Fund (Class A) —excluding sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.37<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.71<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Conservative Investor Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.38<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Select Risk: Conservative Investor Fund (Class A) —including sales charge 0.034 0.0026 0.0312 Invesco Select Risk: Conservative Investor Fund (Class A) —excluding sales charge 0.0937 0.0139 0.0371 Custom Invesco Select Risk: Conservative Investor Index 0.0832 0.0257 0.0438 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>362,971,422</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">31</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">21<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 362971422 31 0 0.21 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900980.jpg" style="width: 172.8pt;"/> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Conservative Investor Fund Class C OCCIX This annual shareholder report contains important information about Invesco Select Risk: Conservative Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Conservative Investor Fund<br/>(Class C)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>121</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">1.16<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 121 0.0116 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class C shares of the Fund, excluding sales charge, returned 8.49%. For the same time period, the Custom Invesco Select Risk: Conservative Investor Index (the "Benchmark") returned 8.32%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was a positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Alternatives | </div>The Fund's exposure to alternatives relative to the Benchmark was a positive contributor to relative return.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection </div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's fixed income manager selection effects detracted from the Fund's relative performance, with key detractors being selection within core plus and core fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Alternative manager selection | </div>The Fund's alternative manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within managed futures.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection | </div>The Fund's equity manager selection effects detracted from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9901006.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Conservative Investor Fund (Class C) —including sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.09<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Conservative Investor Fund (Class C) —excluding sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.09<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Conservative Investor Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.38<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Select Risk: Conservative Investor Fund (Class C) —including sales charge 0.0749 0.0061 0.0309 Invesco Select Risk: Conservative Investor Fund (Class C) —excluding sales charge 0.0849 0.0061 0.0309 Custom Invesco Select Risk: Conservative Investor Index 0.0832 0.0257 0.0438 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>362,971,422</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">31</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">21<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 362971422 31 0 0.21 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9901011.jpg" style="width: 172.8pt;"/> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Conservative Investor Fund Class R ONCIX This annual shareholder report contains important information about Invesco Select Risk: Conservative Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Conservative Investor Fund<br/>(Class R)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>69</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.66<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 69 0.0066 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R shares of the Fund returned 9.11%. For the same time period, the Custom Invesco Select Risk: Conservative Investor Index (the "Benchmark") returned 8.32%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was a positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Alternatives | </div>The Fund's exposure to alternatives relative to the Benchmark was a positive contributor to relative return.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection </div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's fixed income manager selection effects detracted from the Fund's relative performance, with key detractors being selection within core plus and core fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Alternative manager selection | </div>The Fund's alternative manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within managed futures.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection | </div>The Fund's equity manager selection effects detracted from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900424.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Conservative Investor Fund (Class R)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.11<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.12<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.44<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Conservative Investor Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.38<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Select Risk: Conservative Investor Fund (Class R) 0.0911 0.0112 0.0344 Custom Invesco Select Risk: Conservative Investor Index 0.0832 0.0257 0.0438 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>362,971,422</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">31</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">21<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 362971422 31 0 0.21 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900429.jpg" style="width: 172.8pt;"/> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Conservative Investor Fund Class Y OYCIX This annual shareholder report contains important information about Invesco Select Risk: Conservative Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;">.</div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div><div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Conservative Investor Fund<br/>(Class Y)</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>17</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.16<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 17 0.0016 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class Y shares of the Fund returned 9.59%. For the same time period, the Custom Invesco Select Risk: Conservative Investor Index (the "Benchmark") returned 8.32%.</div><div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was a positive contributor to relative return given equities outperformed fixed income.</div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Alternatives | </div>The Fund's exposure to alternatives relative to the Benchmark was a positive contributor to relative return.</div><div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection </div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's fixed income manager selection effects detracted from the Fund's relative performance, with key detractors being selection within core plus and core fixed income.</div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Alternative manager selection | </div>The Fund's alternative manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within managed futures.</div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection | </div>The Fund's equity manager selection effects detracted from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div><img alt="Fund Performance - Growth of 10K" src="chartimages_9900460.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Conservative Investor Fund (Class Y)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.59<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.62<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.96<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Conservative Investor Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.38<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> Invesco Select Risk: Conservative Investor Fund (Class Y) 0.0959 0.0162 0.0396 Custom Invesco Select Risk: Conservative Investor Index 0.0832 0.0257 0.0438 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>362,971,422</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">31</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">21<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 362971422 31 0 0.21 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div><div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"><div style="padding-right: 0; padding-left: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div></div><div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9901039.jpg" style="width: 172.8pt;"/> </div></div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Conservative Investor Fund Class R5 PXCIX This annual shareholder report contains important information about Invesco Select Risk: Conservative Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">This report describes changes to the Fund that occurred during the reporti</div></div>ng period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Conservative Investor Fund<br/>(Class R5)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>9</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.09<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 9 0.0009 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R5 shares of the Fund returned 9.73%. For the same time period, the Custom Invesco Select Risk: Conservative Investor Index (the "Benchmark") returned 8.32%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was a positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Alternatives | </div>The Fund's exposure to alternatives relative to the Benchmark was a positive contributor to relative return.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection </div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's fixed income manager selection effects detracted from the Fund's relative performance, with key detractors being selection within core plus and core fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Alternative manager selection | </div>The Fund's alternative manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within managed futures.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection | </div>The Fund's equity manager selection effects detracted from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900496.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Conservative Investor Fund (Class R5)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.73<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.69<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Conservative Investor Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.38<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Select Risk: Conservative Investor Fund (Class R5) 0.0973 0.0169 0.0392 Custom Invesco Select Risk: Conservative Investor Index 0.0832 0.0257 0.0438 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 2019-05-24 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>362,971,422</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">31</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">21<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 362971422 31 0 0.21 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9901047.jpg" style="width: 172.8pt;"/> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Conservative Investor Fund Class R6 PXCCX This annual shareholder report contains important information about Invesco Select Risk: Conservative Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Conservative Investor Fund<br/>(Class R6)</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>9</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.09<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 9 0.0009 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R6 shares of the Fund returned 9.73%. For the same time period, the Custom Invesco Select Risk: Conservative Investor Index (the "Benchmark") returned 8.32%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was a positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Alternatives | </div>The Fund's exposure to alternatives relative to the Benchmark was a positive contributor to relative return.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection </div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's fixed income manager selection effects detracted from the Fund's relative performance, with key detractors being selection within core plus and core fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Alternative manager selection | </div>The Fund's alternative manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within managed futures.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection | </div>The Fund's equity manager selection effects detracted from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900532.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Conservative Investor Fund (Class R6)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.73<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.70<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Conservative Investor Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.38<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> Invesco Select Risk: Conservative Investor Fund (Class R6) 0.0973 0.017 0.0392 Custom Invesco Select Risk: Conservative Investor Index 0.0832 0.0257 0.0438 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 2019-05-24 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>362,971,422</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">31</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">21<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 362971422 31 0 0.21 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"><div style="padding-right: 0; padding-left: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div></div><div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9901056.jpg" style="width: 172.8pt;"/> </div></div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Growth Investor Fund Class A AADAX This annual shareholder report contains important information about Invesco Select Risk: Growth Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Growth Investor Fund<br/>(Class A)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>44</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.41<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 44 0.0041 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class A shares of the Fund, excluding sales charge, returned 15.49%. For the same time period, the Custom Invesco Select Risk: Growth Investor Index (the "Benchmark") returned 18.71%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted from relative performance within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Histor<div style="letter-spacing: 0px; top: 0px;display:inline;">icall</div>y Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 <div style="display:inline;">Investment</div></div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9898653.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Growth Investor Fund (Class A) —including sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.10<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.58<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.94<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Growth Investor Fund (Class A) —excluding sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">15.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.77<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.54<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Growth Investor Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">18.71<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.95<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Select Risk: Growth Investor Fund (Class A) —including sales charge 0.091 0.0458 0.0694 Invesco Select Risk: Growth Investor Fund (Class A) —excluding sales charge 0.1549 0.0577 0.0754 Custom Invesco Select Risk: Growth Investor Index 0.1871 0.0904 0.0995 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,042,844,600</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">30</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 1042844600 30 0 0.32 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9898639.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Growth Investor Fund Class C AADCX This annual shareholder report contains important information about Invesco Select Risk: Growth Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Growth Investor Fund<br/>(Class C)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>124</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">1.16<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 124 0.0116 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class C shares of the Fund, excluding sales charge, returned 14.61%. For the same time period, the Custom Invesco Select Risk: Growth Investor Index (the "Benchmark") returned 18.71%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted from relative performance within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 <div style="display:inline;">Investment</div></div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9898620.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Growth Investor Fund (Class C) —including sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">13.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.97<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.89<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Growth Investor Fund (Class C) —excluding sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.97<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.89<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Growth Investor Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">18.71<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.95<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Select Risk: Growth Investor Fund (Class C) —including sales charge 0.1361 0.0497 0.0689 Invesco Select Risk: Growth Investor Fund (Class C) —excluding sales charge 0.1461 0.0497 0.0689 Custom Invesco Select Risk: Growth Investor Index 0.1871 0.0904 0.0995 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,042,844,600</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">30</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 1042844600 30 0 0.32 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9898612.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund <div style="letter-spacing: 0px; top: 0px;display:inline;">Changed </div>Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at<div style="font-family:Arial;display:inline;"><div style="display:inline;"> </div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at<div style="font-family:Arial;display:inline;"><div style="display:inline;"> </div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Growth Investor Fund Class R AADRX This annual shareholder report contains important information about Invesco Select Risk: Growth Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Growth Investor Fund<br/>(Class R)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>71</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.66<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 71 0.0066 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R shares of the Fund returned 15.15%. For the same time period, the Custom Invesco Select Risk: Growth Investor Index (the "Benchmark") returned 18.71%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted from <div style="letter-spacing: 0px; top: 0px;display:inline;">relative </div>performance within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9899220.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Growth Investor Fund (Class R)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">15.15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.50<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.27<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Growth Investor Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">18.71<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.95<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Select Risk: Growth Investor Fund (Class R) 0.1515 0.055 0.0727 Custom Invesco Select Risk: Growth Investor Index 0.1871 0.0904 0.0995 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,042,844,600</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">30</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 1042844600 30 0 0.32 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9899225.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Growth Investor Fund Class S AADSX This annual shareholder report contains important information about Invesco Select Risk: Growth Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Growth Investor Fund<br/>(Class S)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>33</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.31<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 33 0.0031 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class S shares of the Fund returned 15.57%. For the same time period, the Custom Invesco Select Risk: Growth Investor Index (the "Benchmark") returned 18.71%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted from relative performance within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9899457.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Growth Investor Fund (Class S)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">15.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Growth Investor Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">18.71<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.95<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Select Risk: Growth Investor Fund (Class S) 0.1557 0.0588 0.0765 Custom Invesco Select Risk: Growth Investor Index 0.1871 0.0904 0.0995 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,042,844,600</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">30</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 1042844600 30 0 0.32 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9899462.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Growth Investor Fund Class Y AADYX This annual shareholder report contains important information about Invesco Select Risk: Growth Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Arial; line-height: 9pt;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">(800) 959-4246</div></div></div><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Arial; line-height: 9pt;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">.</div></div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Growth Investor Fund<br/>(Class Y)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>17</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.16<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 17 0.0016 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class Y shares of the Fund returned 15.82%. For the same time period, the Custom Invesco Select Risk: Growth Investor Index (the "Benchmark") returned 18.71%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted from relative performance within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 <div style="display:inline;">Investment</div></div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9899248.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Growth Investor Fund (Class Y)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">15.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.81<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Growth Investor Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">18.71<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.95<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Select Risk: Growth Investor Fund (Class Y) 0.1582 0.0604 0.0781 Custom Invesco Select Risk: Growth Investor Index 0.1871 0.0904 0.0995 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,042,844,600</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">30</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 1042844600 30 0 0.32 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9898665.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Growth Investor Fund Class R5 AADIX This annual shareholder report contains important information about Invesco Select Risk: Growth Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Growth Investor Fund<br/>(Class R5)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>15</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.14<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 15 0.0014 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R5 shares of the Fund returned 15.80%. For the same time period, the Custom Invesco Select Risk: Growth Investor Index (the "Benchmark") returned 18.71%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted from relative performance within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically <div style="letter-spacing: 0px; top: 0px;display:inline;">Performed</div>?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9898696.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Growth Investor Fund (Class R5)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">15.80<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.87<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Growth Investor Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">18.71<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.95<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Select Risk: Growth Investor Fund (Class R5) 0.158 0.0606 0.0787 Custom Invesco Select Risk: Growth Investor Index 0.1871 0.0904 0.0995 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,042,844,600</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">30</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 1042844600 30 0 0.32 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9899344.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Growth Investor Fund Class R6 AAESX This annual shareholder report contains important information about Invesco Select Risk: Growth Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Growth Investor Fund<br/>(Class R6)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>6</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 6 0.0006 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R6 shares of the Fund returned 15.79%. For the same time period, the Custom Invesco Select Risk: Growth Investor Index (the "Benchmark") returned 18.71%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted from relative performance within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9899387.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Growth Investor Fund (Class R6)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">15.79<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Growth Investor Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">18.71<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.95<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Select Risk: Growth Investor Fund (Class R6) 0.1579 0.0613 0.0786 Custom Invesco Select Risk: Growth Investor Index 0.1871 0.0904 0.0995 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 2017-04-04 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,042,844,600</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">30</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 1042844600 30 0 0.32 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9899392.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The <div style="letter-spacing: 0px; top: 0px;display:inline;">Fund </div>Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: High Growth Investor Fund Class A OAAIX This annual shareholder report contains important information about Invesco Select Risk: High Growth Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: High Growth Investor Fund<br/>(Class A)</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>37</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">†</div></td></tr></table> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; width: 9pt;"><div style="margin-top: 0px; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;"><div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:5.5px">†</div></div></div></div></td><td style="break-inside: avoid-page; vertical-align: middle; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.</div></div></div></td></tr></table> 37 0.0034 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class A shares of the Fund, excluding sales charge, returned 16.34%. For the same time period, the Custom Invesco Select Risk: High Growth Investor Index (the "Benchmark") returned 20.51%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Alternatives | </div>The Fund's alternatives exposure relative to the Benchmark was a positive contributor to relative return.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted from relative <div style="letter-spacing: 0px; top: 0px;display:inline;">performance</div> within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div><img alt="Fund Performance - Growth of 10K" src="chartimages_9901074.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: High Growth Investor Fund (Class A) —including sales charge</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.91<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.23<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: High Growth Investor Fund (Class A) —excluding sales charge</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">16.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.25<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: High Growth Investor Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">20.51<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.12<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> Invesco Select Risk: High Growth Investor Fund (Class A) —including sales charge 0.0991 0.0523 0.0764 Invesco Select Risk: High Growth Investor Fund (Class A) —excluding sales charge 0.1634 0.0643 0.0825 Custom Invesco Select Risk: High Growth Investor Index 0.2051 0.1012 0.1084 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>893,876,330</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">24</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">33<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 893876330 24 0 0.33 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"><div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"><div style="padding-right: 0; padding-left: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div></div><div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900573.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: High Growth Investor Fund Class C OCAIX This annual shareholder report contains important information about Invesco Select Risk: High Growth Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: High Growth Investor Fund<br/>(Class C)</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>119</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">1.10<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">†</div></td></tr></table> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; width: 9pt;"><div style="margin-top: 0px; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;"><div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:5.5px">†</div></div></div></div></td><td style="break-inside: avoid-page; vertical-align: middle; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.</div></div></div></td></tr></table> 119 0.011 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class C shares of the Fund, excluding sales charge, returned 15.53%. For the same time period, the Custom Invesco Select Risk: High Growth Investor Index (the "Benchmark") returned 20.51%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Alternatives | </div>The Fund's alternatives exposure relative to the Benchmark was a positive contributor to relative return.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's <div style="letter-spacing: 0px; top: 0px;display:inline;">fixed</div> income manager selection effects detracted from relative performance within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div><img alt="Fund Performance - Growth of 10K" src="chartimages_9901094.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: High Growth Investor Fund (Class C) —including sales charge</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.53<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.63<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.60<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: High Growth Investor Fund (Class C) —excluding sales charge</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">15.53<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.63<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.60<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: High Growth Investor Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">20.51<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.12<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> Invesco Select Risk: High Growth Investor Fund (Class C) —including sales charge 0.1453 0.0563 0.076 Invesco Select Risk: High Growth Investor Fund (Class C) —excluding sales charge 0.1553 0.0563 0.076 Custom Invesco Select Risk: High Growth Investor Index 0.2051 0.1012 0.1084 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>893,876,330</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">24</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">33<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 893876330 24 0 0.33 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"><div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"><div style="padding-right: 0; padding-left: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div></div><div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9901099.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How <div style="letter-spacing: 0px; top: 0px;display:inline;">Has </div>The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: High Growth Investor Fund Class R ONAIX This annual shareholder report contains important information about Invesco Select Risk: High Growth Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: High Growth Investor Fund<br/>(Class R)</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>65</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.60<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">†</div></td></tr></table> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; width: 9pt;"><div style="margin-top: 0px; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;"><div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:5.5px">†</div></div></div></div></td><td style="break-inside: avoid-page; vertical-align: middle; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.</div></div></div></td></tr></table> 65 0.006 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R shares of the Fund returned 16.16%. For the same time period, the Custom Invesco Select Risk: High Growth Investor Index (the "Benchmark") returned 20.51%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Alternatives | </div>The Fund's alternatives exposure relative to the Benchmark was a positive contributor to relative return.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted <div style="letter-spacing: 0px; top: 0px;display:inline;">from</div> relative performance within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div><img alt="Fund Performance - Growth of 10K" src="chartimages_9901130.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 <div style="letter-spacing: 0px; top: 0px;display:inline;">Year</div></div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: High Growth Investor Fund (Class R)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">16.16<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.16<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.98<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: High Growth Investor Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">20.51<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.12<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> Invesco Select Risk: High Growth Investor Fund (Class R) 0.1616 0.0616 0.0798 Custom Invesco Select Risk: High Growth Investor Index 0.2051 0.1012 0.1084 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>893,876,330</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">24</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">33<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 893876330 24 0 0.33 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"><div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"><div style="padding-right: 0; padding-left: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div></div><div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900645.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: High Growth Investor Fund Class Y OYAIX This annual shareholder report contains important information about Invesco Select Risk: High Growth Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: High Growth Investor Fund<br/>(Class Y)</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>11</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.10<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">†</div></td></tr></table> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; width: 9pt;"><div style="margin-top: 0px; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;"><div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:5.5px">†</div></div></div></div></td><td style="break-inside: avoid-page; vertical-align: middle; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-kerning: none; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.</div></div></div></td></tr></table> 11 0.001 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class Y shares of the Fund returned 16.66%. For the same time period, the Custom Invesco Select Risk: High Growth Investor Index (the "Benchmark") returned 20.51%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Alternatives | </div>The Fund's alternatives exposure relative to the Benchmark was a positive contributor to relative return.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted from relative <div style="letter-spacing: 0px; top: 0px;display:inline;">performance </div>within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div><img alt="Fund Performance - Growth of 10K" src="chartimages_9901138.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: High Growth Investor Fund (Class Y)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">16.66<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.69<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.52<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: High Growth Investor Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">20.51<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.12<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> Invesco Select Risk: High Growth Investor Fund (Class Y) 0.1666 0.0669 0.0852 Custom Invesco Select Risk: High Growth Investor Index 0.2051 0.1012 0.1084 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>893,876,330</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">24</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">33<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 893876330 24 0 0.33 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"><div style="padding-right: 0; padding-left: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div></div><div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9901143.jpg" style="width: 172.8pt;"/> </div></div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/repor (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: High Growth Investor Fund Class R5 PXQIX This <div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;">annual shareholder repo</div>rt contains important information about Invesco Select Risk: High Growth Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: High Growth Investor Fund<br/>(Class R5)</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>5</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.05<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 5 0.0005 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R5 shares of the Fund returned 16.75%. For the same time period, the Custom Invesco Select Risk: High Growth Investor Index (the "Benchmark") returned 20.51%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Alternatives | </div>The Fund's alternatives exposure relative to the Benchmark was a positive contributor to relative return.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted <div style="letter-spacing: 0px; top: 0px;display:inline;">from</div> relative performance within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div><img alt="Fund Performance - Growth of 10K" src="chartimages_9901162.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: High Growth Investor Fund (Class R5)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">16.75<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.79<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.48<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: High Growth Investor Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">20.51<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.12<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> Invesco Select Risk: High Growth Investor Fund (Class R5) 0.1675 0.0679 0.0848 Custom Invesco Select Risk: High Growth Investor Index 0.2051 0.1012 0.1084 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 2019-05-24 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>893,876,330</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">24</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">33<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 893876330 24 0 0.33 <div style="margin-bottom: 14pt;"><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div></div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div><div style="display: flex; padding-bottom: 18pt;"><div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"><div style="padding-right: 0; padding-left: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div></div><div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900717.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund <div style="display:inline;">Changed </div>Over The Past <div style="display:inline;">Year</div>?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;">This is a summary of certain changes to the Fund since December 31, 2024. For more</div> complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> <div style="letter-spacing: 0px; top: 0px;display:inline;">This is a summary of certain changes to the Fund since December 31, 2024. For more</div> complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: High Growth Investor Fund Class R6 PXGGX This annual shareholder report contains important information about Invesco Select Risk: High Growth Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: High Growth Investor Fund<br/>(Class R6)</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>5</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.05<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 5 0.0005 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R6 shares of the Fund returned 16.76%. For the same time period, the Custom Invesco Select Risk: High Growth Investor Index (the "Benchmark") returned 20.51%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Alternatives | </div>The Fund's alternatives exposure relative to the Benchmark was a positive contributor to relative return.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Fixed Income manager selection | </div>The Fund's fixed income manager selection effects detracted from relative performance within core and core plus fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div><img alt="Fund Performance - Growth of 10K" src="chartimages_9901192.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: High Growth Investor Fund (Class R6)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">16.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.78<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: High Growth Investor Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">20.51<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.12<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> Invesco Select Risk: High Growth Investor Fund (Class R6) 0.1676 0.0678 0.0849 Custom Invesco Select Risk: High Growth Investor Index 0.2051 0.1012 0.1084 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 2019-05-24 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>893,876,330</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">24</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">33<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 893876330 24 0 0.33 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div><div style="display: flex; padding-bottom: 18pt;"><div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"><div style="padding-right: 0; padding-left: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div></div><div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9901197.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past <div style="display:inline;">Year</div>?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Moderate Investor Fund Class A OAMIX This annual shareholder report contains important information about Invesco Select Risk: Moderate Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Moderate Investor Fund<br/>(Class A)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>37</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 37 0.0035 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending, and the artificial intelligence trade was strong. Despite a year of change, global risk assets had a strong showing.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class A shares of the Fund, excluding sales charge, returned 13.27%. For the same time period, the Custom Invesco Select Risk: Moderate Investor Index (the "Benchmark") returned 15.31%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Alternative manager selection | </div>The Fund's alternative manager selection effects detracted from the Fund's relative performance, with key detractors being selection within managed futures.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900784.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Moderate Investor Fund (Class A) —including sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.87<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Moderate Investor Fund (Class A) —excluding sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">13.27<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.50<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.47<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Moderate Investor Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">15.31<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.95<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.18<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Select Risk: Moderate Investor Fund (Class A) —including sales charge 0.0701 0.0332 0.0587 Invesco Select Risk: Moderate Investor Fund (Class A) —excluding sales charge 0.1327 0.045 0.0647 Custom Invesco Select Risk: Moderate Investor Index 0.1531 0.0695 0.0818 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,848,440,972</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">26</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">29<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 1848440972 26 0 0.29 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9901223.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Moderate Investor Fund Class C OCMIX This annual shareholder report contains important information about Invesco Select Risk: Moderate Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Moderate Investor Fund<br/>(Class C)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>118</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">1.11<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 118 0.0111 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending, and the artificial intelligence trade was strong. Despite a year of change, global risk assets had a strong showing.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class C shares of the Fund, excluding sales charge, returned 12.39%. For the same time period, the Custom Invesco Select Risk: Moderate Investor Index (the "Benchmark") returned 15.31%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Alternative manager selection | </div>The Fund's alternative manager selection effects detracted from the Fund's relative performance, with key detractors being selection within managed futures.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900820.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Moderate Investor Fund (Class C) —including sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Moderate Investor Fund (Class C) —excluding sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">12.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Moderate Investor Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">15.31<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.95<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.18<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Select Risk: Moderate Investor Fund (Class C) —including sales charge 0.1139 0.0372 0.0582 Invesco Select Risk: Moderate Investor Fund (Class C) —excluding sales charge 0.1239 0.0372 0.0582 Custom Invesco Select Risk: Moderate Investor Index 0.1531 0.0695 0.0818 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,848,440,972</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">26</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">29<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 1848440972 26 0 0.29 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset <div style="letter-spacing: 0px; top: 0px;display:inline;">allocation</div> </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9901253.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Moderate Investor Fund Class R ONMIX This annual shareholder report contains important information about Invesco Select Risk: Moderate Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Moderate Investor Fund<br/>(Class R)</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>65</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 65 0.0061 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending, and the artificial intelligence trade was strong. Despite a year of change, global risk assets had a strong showing.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R shares of the Fund returned 13.01%. For the same time period, the Custom Invesco Select Risk: Moderate Investor Index (the "Benchmark") returned 15.31%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Alternative manager selection | </div>The Fund's alternative manager selection effects detracted from the Fund's relative performance, with key detractors being selection within managed futures.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div><img alt="Fund Performance - Growth of 10K" src="chartimages_9900856.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Moderate Investor Fund (Class R)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">13.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.25<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.20<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Moderate Investor Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">15.31<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.95<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.18<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> Invesco Select Risk: Moderate Investor Fund (Class R) 0.1301 0.0425 0.062 Custom Invesco Select Risk: Moderate Investor Index 0.1531 0.0695 0.0818 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,848,440,972</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">26</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">29<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 1848440972 26 0 0.29 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"><div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"><div style="padding-right: 0; padding-left: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div></div><div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900861.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed <div style="letter-spacing: 0px; top: 0px;display:inline;">Over</div> The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Moderate Investor Fund Class S PXMSX This annual shareholder report contains important information about Invesco Select Risk: Moderate Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;">(800) 959-4246</div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;">.</div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Moderate Investor Fund<br/>(Class S)</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>28</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.26<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 28 0.0026 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending, and the artificial intelligence trade was strong. Despite a year of change, global risk assets had a strong showing.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class S shares of the Fund returned 13.36%. For the same time period, the Custom Invesco Select Risk: Moderate Investor Index (the "Benchmark") returned 15.31%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Alternative manager selection | </div>The Fund's alternative manager <div style="letter-spacing: 0px; top: 0px;display:inline;">selection</div> effects detracted from the Fund's relative performance, with key detractors being selection within managed futures.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div><img alt="Fund Performance - Growth of 10K" src="chartimages_9901399.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Moderate Investor Fund (Class S)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">13.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.59<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.53<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Moderate Investor Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">15.31<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.95<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.18<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> Invesco Select Risk: Moderate Investor Fund (Class S) 0.1336 0.0459 0.0653 Custom Invesco Select Risk: Moderate Investor Index 0.1531 0.0695 0.0818 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 2020-05-15 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,848,440,972</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">26</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">29<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 1848440972 26 0 0.29 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The <div style="letter-spacing: 0px; top: 0px;display:inline;">Fund's </div>Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"><div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"><div style="padding-right: 0; padding-left: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div></div><div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9901404.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Moderate Investor Fund Class Y OYMIX This annual shareholder report contains important information about Invesco Select Risk: Moderate Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Moderate Investor Fund<br/>(Class Y)</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>12</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.11<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 12 0.0011 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending, and the artificial intelligence trade was strong. Despite a year of change, global risk assets had a strong showing.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class Y shares of the Fund returned 13.59%. For the same time period, the Custom Invesco Select Risk: Moderate Investor Index (the "Benchmark") returned 15.31%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Alternative manager selection | </div>The Fund's alternative manager selection effects detracted <div style="letter-spacing: 0px; top: 0px;display:inline;">from</div> the Fund's relative performance, with key detractors being selection within managed futures.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div><img alt="Fund Performance - Growth of 10K" src="chartimages_9901291.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Moderate Investor Fund (Class Y)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">13.59<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.77<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.74<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Moderate Investor Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">15.31<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.95<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.18<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> Invesco Select Risk: Moderate Investor Fund (Class Y) 0.1359 0.0477 0.0674 Custom Invesco Select Risk: Moderate Investor Index 0.1531 0.0695 0.0818 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,848,440,972</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">26</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">29<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 1848440972 26 0 0.29 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"><div style="padding-right: 0; padding-left: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div></div><div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9901296.jpg" style="width: 172.8pt;"/> </div></div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Moderate Investor Fund Class R5 PXMQX This annual shareholder report contains important information about Invesco Select Risk: Moderate Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Arial; line-height: 9pt;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">(800) 959-4246</div></div></div><div style="font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Arial; line-height: 9pt;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">.</div></div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Moderate Investor Fund<br/>(Class R5)</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>11</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.10<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 11 0.001 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending, and the artificial intelligence trade was strong. Despite a year of change, global risk assets had a strong showing.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R5 shares of the Fund returned 13.53%. For the same time period, the Custom Invesco Select Risk: Moderate Investor Index (the "Benchmark") returned 15.31%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Alternative manager selection | </div>The Fund's alternative manager selection <div style="letter-spacing: 0px; top: 0px;display:inline;">effects</div> detracted from the Fund's relative performance, with key detractors being selection within managed futures.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div><img alt="Fund Performance - Growth of 10K" src="chartimages_9901327.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Moderate Investor Fund (Class R5)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">13.53<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.69<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Moderate Investor Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">15.31<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.95<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.18<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> Invesco Select Risk: Moderate Investor Fund (Class R5) 0.1353 0.0482 0.0669 Custom Invesco Select Risk: Moderate Investor Index 0.1531 0.0695 0.0818 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 2019-05-24 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,848,440,972</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">26</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">29<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 1848440972 26 0 0.29 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"><div style="padding-right: 0; padding-left: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div></div><div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9901332.jpg" style="width: 172.8pt;"/> </div></div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Moderate Investor Fund Class R6 PXMMX This annual shareholder report contains important information about Invesco Select Risk: Moderate Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Moderate Investor Fund<br/>(Class R6)</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>5</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.05<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 5 0.0005 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending, and the artificial intelligence trade was strong. Despite a year of change, global risk assets had a strong showing.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R6 shares of the Fund returned 13.60%. For the same time period, the Custom Invesco Select Risk: Moderate Investor Index (the "Benchmark") returned 15.31%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Alternative manager selection | </div>The Fund's alternative manager selection effects detracted <div style="letter-spacing: 0px; top: 0px;display:inline;">from</div> the Fund's relative performance, with key detractors being selection within managed futures.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div><img alt="Fund Performance - Growth of 10K" src="chartimages_9901363.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Moderate Investor Fund (Class R6)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">13.60<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.85<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.70<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Moderate Investor Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">15.31<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.95<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.18<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> Invesco Select Risk: Moderate Investor Fund (Class R6) 0.136 0.0485 0.067 Custom Invesco Select Risk: Moderate Investor Index 0.1531 0.0695 0.0818 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 2019-05-24 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,848,440,972</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">26</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">29<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 1848440972 26 0 0.29 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div><div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div>Where Can I Find More Information? <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over <div style="display:inline;">The </div>Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="display:inline;"><div style="font-family:Arial;display:inline;">(800) 959-4246</div></div><div style="display:inline;"><div style="font-family:Arial;display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="display:inline;"><div style="font-family:Arial;display:inline;">(800) 959-4246</div></div><div style="display:inline;"><div style="font-family:Arial;display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Moderately Conservative Investor Fund Class A CAAMX This annual shareholder report contains important information about Invesco Select Risk: Moderately Conservative Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Moderately Conservative Investor Fund<br/>(Class A)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>48</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.45<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 48 0.0045 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class A shares of the Fund, excluding sales charge, returned 11.19%. For the same time period, the Custom Invesco Select Risk: Moderately Conservative Investor Index (the "Benchmark") returned 11.65%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Alternative manager selection | </div>The Fund's alternative manager selection effects detracted from the Fund's relative performance, with key detractors being selection within managed futures.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9899169.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Moderately Conservative Investor Fund (Class A) —including sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.06<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.83<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.25<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Moderately Conservative Investor Fund (Class A) —excluding sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.99<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Moderately Conservative Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.71<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.26<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Select Risk: Moderately Conservative Investor Fund (Class A) —including sales charge 0.0506 0.0183 0.0425 Invesco Select Risk: Moderately Conservative Investor Fund (Class A) —excluding sales charge 0.1119 0.0299 0.0484 Custom Invesco Select Risk: Moderately Conservative Index 0.1165 0.0471 0.0626 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270,433,948</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">24</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">27<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 270433948 24 0 0.27 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9899164.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has T<div style="letter-spacing: 0px; top: 0px;display:inline;">he </div>Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of <div style="letter-spacing: 0px; top: 0px;display:inline;">periodic </div>repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of <div style="letter-spacing: 0px; top: 0px;display:inline;">periodic </div>repurchase offers. Invesco Select Risk: Moderately Conservative Investor Fund Class C CACMX This annual shareholder report contains important information about Invesco Select Risk: Moderately Conservative Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Moderately Conservative Investor Fund<br/>(Class C)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>126</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">1.20<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 126 0.012 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class C shares of the Fund, excluding sales charge, returned 10.35%. For the same time period, the Custom Invesco Select Risk: Moderately Conservative Investor Index (the "Benchmark") returned 11.65%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Alternative manager selection | </div>The Fund's alternative manager selection effects detracted from the Fund's relative performance, with key detractors being selection within managed futures.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9899138.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Moderately Conservative Investor Fund (Class C) —including sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.22<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.22<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Moderately Conservative Investor Fund (Class C) —excluding sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.22<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.22<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Moderately Conservative Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.71<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.26<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Select Risk: Moderately Conservative Investor Fund (Class C) —including sales charge 0.0935 0.0222 0.0422 Invesco Select Risk: Moderately Conservative Investor Fund (Class C) —excluding sales charge 0.1035 0.0222 0.0422 Custom Invesco Select Risk: Moderately Conservative Index 0.1165 0.0471 0.0626 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270,433,948</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">24</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">27<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 270433948 24 0 0.27 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, <div style="letter-spacing: 0px; top: 0px;display:inline;">2025</div>)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9899133.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Moderately Conservative Investor Fund Class R CMARX This annual shareholder report contains important information about Invesco Select Risk: Moderately Conservative Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Moderately Conservative Investor Fund<br/>(Class R)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>74</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.70<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 74 0.007 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R shares of the Fund returned 10.94%. For the same time period, the Custom Invesco Select Risk: Moderately Conservative Investor Index (the "Benchmark") returned 11.65%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Alternative manager selection | </div>The Fund's alternative manager selection effects detracted from the Fund's relative performance, with key detractors being selection within managed futures.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9899094.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Moderately Conservative Investor Fund (Class R)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10.94<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.73<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.58<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Moderately Conservative Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.71<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.26<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Select Risk: Moderately Conservative Investor Fund (Class R) 0.1094 0.0273 0.0458 Custom Invesco Select Risk: Moderately Conservative Index 0.1165 0.0471 0.0626 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270,433,948</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">24</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">27<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 270433948 24 0 0.27 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The <div style="letter-spacing: 0px; top: 0px;display:inline;">Fund's </div>Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9899067.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of <div style="letter-spacing: 0px; top: 0px;display:inline;">periodic </div>repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of <div style="letter-spacing: 0px; top: 0px;display:inline;">periodic </div>repurchase offers. Invesco Select Risk: Moderately Conservative Investor Fund Class S CMASX This annual shareholder report contains important information about Invesco Select Risk: Moderately Conservative Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;">.</div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Moderately Conservative Investor Fund<br/>(Class S)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>37</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 37 0.0035 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class S shares of the Fund returned 11.29%. For the same time period, the Custom Invesco Select Risk: Moderately Conservative Investor Index (the "Benchmark") returned 11.65%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Alternative manager selection | </div>The Fund's alternative manager selection effects detracted from the Fund's relative performance, with key detractors being selection within managed futures.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9898927.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Moderately Conservative Investor Fund (Class S)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.29<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.09<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.95<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Moderately Conservative Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.71<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.26<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Select Risk: Moderately Conservative Investor Fund (Class S) 0.1129 0.0309 0.0495 Custom Invesco Select Risk: Moderately Conservative Index 0.1165 0.0471 0.0626 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270,433,948</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">24</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">27<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 270433948 24 0 0.27 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The <div style="letter-spacing: 0px; top: 0px;display:inline;">Fund's </div>Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9898913.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Moderately Conservative Investor Fund Class Y CAAYX This annual shareholder report contains important information about Invesco Select Risk: Moderately Conservative Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Moderately Conservative Investor Fund<br/>(Class Y)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>21</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.20<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 21 0.002 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class Y shares of the Fund returned 11.48%. For the same time period, the Custom Invesco Select Risk: Moderately Conservative Investor Index (the "Benchmark") returned 11.65%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Alternative manager selection | </div>The Fund's alternative manager selection effects detracted from the Fund's relative performance, with key detractors being selection within managed futures.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9899035.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Moderately Conservative Investor Fund (Class Y)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.48<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.25<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.10<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Moderately Conservative Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.71<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.26<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Select Risk: Moderately Conservative Investor Fund (Class Y) 0.1148 0.0325 0.051 Custom Invesco Select Risk: Moderately Conservative Index 0.1165 0.0471 0.0626 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270,433,948</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">24</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">27<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 270433948 24 0 0.27 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of <div style="letter-spacing: 0px; top: 0px;display:inline;">December </div>31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9899030.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Moderately Conservative Investor Fund Class R5 CMAIX This annual shareholder report contains important information about Invesco Select Risk: Moderately Conservative Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Moderately Conservative Investor Fund<br/>(Class R5)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>21</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.20<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 21 0.002 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R5 shares of the Fund returned 11.53%. For the same time period, the Custom Invesco Select Risk: Moderately Conservative Investor Index (the "Benchmark") returned 11.65%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Alternative manager selection | </div>The Fund's alternative manager selection effects detracted from the Fund's relative performance, with key detractors being selection within managed futures.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9898544.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Moderately Conservative Investor Fund (Class R5)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.53<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.29<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.15<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Moderately Conservative Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.71<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.26<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Select Risk: Moderately Conservative Investor Fund (Class R5) 0.1153 0.0329 0.0515 Custom Invesco Select Risk: Moderately Conservative Index 0.1165 0.0471 0.0626 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270,433,948</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">24</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>0</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">27<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 270433948 24 0 0.27 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised <div style="letter-spacing: 0px; top: 0px;display:inline;">The </div>Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9898549.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Select Risk: Moderately Conservative Investor Fund Class R6 CNSSX This annual shareholder report contains important information about Invesco Select Risk: Moderately Conservative Investor Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">(800) 959-4246</div></div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Select Risk: Moderately Conservative Investor Fund<br/>(Class R6)</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>14</td><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 14 0.0013 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> 2025 was a year of change, especially in geopolitics. Tariffs dominated headlines, Europe kicked off new defense spending and the artificial intelligence trade was strong. Despite a year of change, global risk assets rallied and performed well.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R5 shares of the Fund returned 11.61%. For the same time period, the Custom Invesco Select Risk: Moderately Conservative Investor Index (the "Benchmark") returned 11.65%.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Fixed Income | </div>The Fund's underweight to fixed income relative to the Benchmark was the largest positive contributor to relative return given equities outperformed fixed income.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Asset allocation - Equity | </div>The Fund's equity exposure relative to the Benchmark was a positive contributor to relative return given equities outperformed the Benchmark.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Equity manager selection</div> <div style="font-weight:bolder;display:inline;"> |</div> The Fund's equity manager selection effects were the largest detractors from the Fund's relative performance, with key detractors being selection within global and international smid-cap equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Alternative manager selection | </div>The Fund's alternative manager selection effects detracted from the Fund's relative performance, with key detractors being selection within managed futures.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Equity style selection | </div>The Fund's equity style effects detracted from relative performance given the Fund's exposure to US large-cap multifactor and US mid-cap growth equities.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9898968.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Select Risk: Moderately Conservative Investor Fund (Class R6)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.12<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Custom Invesco Select Risk: Moderately Conservative Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.71<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.26<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg Global Aggregate USD Hedged Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.86<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">MSCI ACWI Index (Net)</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">22.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.19<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Bloomberg U.S. Aggregate Bond Index</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7.30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> Invesco Select Risk: Moderately Conservative Investor Fund (Class R6) 0.1161 0.0332 0.0512 Custom Invesco Select Risk: Moderately Conservative Index 0.1165 0.0471 0.0626 Bloomberg Global Aggregate USD Hedged Index 0.0486 0.0034 0.0239 MSCI ACWI Index (Net) 0.2234 0.1119 0.1172 Bloomberg U.S. Aggregate Bond Index 0.073 -0.0036 0.0201 2017-04-04 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270,433,948</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">24</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div><div style="letter-spacing: 0px; top: 0px;display:inline;">0</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">27<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 270433948 24 0 0.27 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"><div style="border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial; width: 50%;"><div style="padding-right: 0; padding-left: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Asset allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div></div><div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9898963.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 20pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Changed Over The Past Year?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div></div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;">The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers.</div> This is a summary of certain changes to the Fund since December 31, 2024. For more complete information, you may review the Fund's prospectus, which is available at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div> or upon request at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 The Fund added unlisted closed-end interval fund risk to its principal risks to reflect that shares of an underlying unlisted closed-end interval fund in which the Fund may invest are considered an illiquid investment because shareholders (such as the Fund) cannot redeem or sell their shares outside of periodic repurchase offers. Invesco Small Cap Growth Fund Class A GTSAX This annual shareholder report contains important information about Invesco Small Cap Growth Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Small Cap Growth Fund<br/>(Class A)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>120</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">1.17<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 120 0.0117 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, US small cap equities saw improved performance as the Federal Reserve continued its easing cycle amid moderating inflation and a resilient labor market.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class A shares of the Fund, excluding sales charge, returned 5.69%. For the same time period, the Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Growth Index (the "Benchmark") returned 13.01%. The Fund underperformed the Benchmark primarily due to stock selection in the industrials, health care, consumer staples and real estate sectors. These results were partially offset by positive stock selection within the utilities, information technology, and energy sectors, as well as an underweight exposure in the communication services and consumer staples sectors.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Circle Internet Group, Inc. | </div>Circle is an issuer of USDC stablecoins used to facilitate block-chain electronic payments. The Fund participated in the initial public offering (IPO) and sold the holding following a significant run up in its post-IPO valuation.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Guardant Health, Inc. | </div>Guardant Health operates as a biotechnology company. The company delivered a strong year with accelerating oncology revenues, growing adoption of their blood biopsy tests that focus on cancer treatment selection and monitoring (Guardant360 and Reveal), and Guardant Shield for colorectal cancer emerging as a second growth engine.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Kratos Defense &amp; Security Solutions, Inc. | </div>Kratos Defense &amp; Security Solutions focuses on drone and rocket technology. The stock has done well as defense is an area that has seen a resurgence in spending.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Freshpet, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> Freshpet makes dog and cat food that uses fresh meat, fruit and vegetables, which is distributed in grocery and specialty stores. The company saw strong demand during COVID and built out capacity for continued growth. However, additional demand had not materialized. The Fund sold the stock during the period.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Coherent Corp. | </div>Coherent makes electrical components used in artificial intelligence (AI) infrastructure. The stock pulled back during the period on concerns around the sustainability of AI capital expenditures. The Fund sold the stock during the period.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Vaxcyte, Inc. | </div>Vaxcyte is a pneumococcal vaccine provider. The Fund sold the stock during the period following increasing pressure on vaccines under the current administration.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9899999.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Small Cap Growth Fund (Class A) —including sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.12<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-2.00<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Small Cap Growth Fund (Class A) —excluding sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.69<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.89<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.97<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Growth Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">13.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.18<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Small Cap Growth Fund (Class A) —including sales charge -0.0012 -0.02 0.0835 Invesco Small Cap Growth Fund (Class A) —excluding sales charge 0.0569 -0.0089 0.0897 Russell 2000® Growth Index 0.1301 0.0318 0.0957 S&P 500® Index 0.1788 0.1442 0.1482 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,605,241,578</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">105</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>12,041,835</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">85<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 1605241578 105 12041835 0.85 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten <div style="letter-spacing: 0px; top: 0px;display:inline;">holdings</div>*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sanmina Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MACOM Technology Solutions Holdings, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.29<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Madrigal Pharmaceuticals, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">SPX Technologies, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.94<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.90<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Piper Sandler Cos.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.89<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Fabrinet</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.85<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Carpenter Technology Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Axsome Therapeutics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.83<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> </div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900004.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten <div style="letter-spacing: 0px; top: 0px;display:inline;">holdings</div>*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sanmina Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MACOM Technology Solutions Holdings, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.29<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Madrigal Pharmaceuticals, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">SPX Technologies, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.94<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.90<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Piper Sandler Cos.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.89<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Fabrinet</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.85<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Carpenter Technology Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Axsome Therapeutics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.83<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> 0.0261 0.0242 0.0229 0.0213 0.0194 0.019 0.0189 0.0185 0.0184 0.0183 Invesco Small Cap Growth Fund Class C GTSDX This annual shareholder report contains important information about Invesco Small Cap Growth Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Small Cap Growth Fund<br/>(Class C)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>193</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">1.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 193 0.0188 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, US small cap equities saw improved performance as the Federal Reserve continued its easing cycle amid moderating inflation and a resilient labor market.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class C shares of the Fund, excluding sales charge, returned 4.96%. For the same time period, the Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Growth Index (the "Benchmark") returned 13.01%. The Fund underperformed the Benchmark primarily due to stock selection in the industrials, health care, consumer staples and real estate sectors. These results were partially offset by positive stock selection within the utilities, information technology, and energy sectors, as well as an underweight exposure in the communication services and consumer staples sectors.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Circle Internet Group, Inc. | </div>Circle is an issuer of USDC stablecoins used to facilitate block-chain electronic payments. The Fund participated in the initial public offering (IPO) and sold the holding following a significant run up in its post-IPO valuation.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Guardant Health, Inc. | </div>Guardant Health operates as a biotechnology company. The company delivered a strong year with accelerating oncology revenues, growing adoption of their blood biopsy tests that focus on cancer treatment selection and monitoring (Guardant360 and Reveal), and Guardant Shield for colorectal cancer emerging as a second growth engine.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Kratos Defense &amp; Security Solutions, Inc. | </div>Kratos Defense &amp; Security Solutions focuses on drone and rocket technology. The stock has done well as defense is an area that has seen a resurgence in spending.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Freshpet, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> Freshpet makes dog and cat food that uses fresh meat, fruit and vegetables, which is distributed in grocery and specialty stores. The company saw strong demand during COVID and built out capacity for continued growth. However, additional demand had not materialized. The Fund sold the stock during the period.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Coherent Corp. | </div>Coherent makes electrical components used in artificial intelligence (AI) infrastructure. The stock pulled back during the period on concerns around the sustainability of AI capital expenditures. The Fund sold the stock during the period.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Vaxcyte, Inc. | </div>Vaxcyte is a pneumococcal vaccine provider. The Fund sold the stock during the period following increasing pressure on vaccines under the current administration.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900021.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Small Cap Growth Fund (Class C) —including sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.24<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-1.58<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.33<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Small Cap Growth Fund (Class C) —excluding sales charge</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">4.96<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-1.58<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.33<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Growth Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">13.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.18<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Small Cap Growth Fund (Class C) —including sales charge 0.0424 -0.0158 0.0833 Invesco Small Cap Growth Fund (Class C) —excluding sales charge 0.0496 -0.0158 0.0833 Russell 2000® Growth Index 0.1301 0.0318 0.0957 S&P 500® Index 0.1788 0.1442 0.1482 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,605,241,578</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">105</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>12,041,835</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">85<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 1605241578 105 12041835 0.85 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sanmina Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MACOM Technology Solutions Holdings, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.29<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Madrigal Pharmaceuticals, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">SPX Technologies, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.94<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.90<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Piper Sandler Cos.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.89<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Fabrinet</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.85<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Carpenter Technology Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Axsome Therapeutics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.83<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> </div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9899277.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sanmina Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MACOM Technology Solutions Holdings, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.29<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Madrigal Pharmaceuticals, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">SPX Technologies, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.94<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.90<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Piper Sandler Cos.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.89<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Fabrinet</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.85<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Carpenter Technology Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Axsome Therapeutics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.83<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> 0.0261 0.0242 0.0229 0.0213 0.0194 0.019 0.0189 0.0185 0.0184 0.0183 Invesco Small Cap Growth Fund Class R GTSRX This annual shareholder report contains important information about Invesco Small Cap Growth Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Small Cap Growth Fund<br/>(Class R)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>146</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">1.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 146 0.0142 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, US small cap equities saw improved performance as the Federal Reserve continued its easing cycle amid moderating inflation and a resilient labor market.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R shares of the Fund returned 5.43%. For the same time period, the Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Growth Index (the "Benchmark") returned 13.01%. The Fund underperformed the Benchmark primarily due to stock selection in the industrials, health care, consumer staples and real estate sectors. These results were partially offset by positive stock selection within the utilities, information technology, and energy sectors, as well as an underweight exposure in the communication services and consumer staples sectors.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Circle Internet Group, Inc. | </div>Circle is an issuer of USDC stablecoins used to facilitate block-chain electronic payments. The Fund participated in the initial public offering (IPO) and sold the holding following a significant run up in its post-IPO valuation.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Guardant Health, Inc. | </div>Guardant Health operates as a biotechnology company. The company delivered a strong year with accelerating oncology revenues, growing adoption of their blood biopsy tests that focus on cancer treatment selection and monitoring (Guardant360 and Reveal), and Guardant Shield for colorectal cancer emerging as a second growth engine.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Kratos Defense &amp; Security Solutions, Inc. | </div>Kratos Defense &amp; Security Solutions focuses on drone and rocket technology. The stock has done well as defense is an area that has seen a resurgence in spending.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Freshpet, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> Freshpet makes dog and cat food that uses fresh meat, fruit and vegetables, which is distributed in grocery and specialty stores. The company saw strong demand during COVID and built out capacity for continued growth. However, additional demand had not materialized. The Fund sold the stock during the period.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Coherent Corp. | </div>Coherent makes electrical components used in artificial intelligence (AI) infrastructure. The stock pulled back during the period on concerns around the sustainability of AI capital expenditures. The Fund sold the stock during the period.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Vaxcyte, Inc. | </div>Vaxcyte is a pneumococcal vaccine provider. The Fund sold the stock during the period following increasing pressure on vaccines under the current administration.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900029.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Small Cap Growth Fund (Class R)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-1.14<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8.69<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Growth Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">13.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.18<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Small Cap Growth Fund (Class R) 0.0543 -0.0114 0.0869 Russell 2000® Growth Index 0.1301 0.0318 0.0957 S&P 500® Index 0.1788 0.1442 0.1482 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,605,241,578</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">105</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>12,041,835</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">85<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 1605241578 105 12041835 0.85 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten <div style="letter-spacing: 0px; top: 0px;display:inline;">holdings</div>*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sanmina Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MACOM Technology Solutions Holdings, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.29<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Madrigal Pharmaceuticals, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">SPX Technologies, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.94<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.90<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Piper Sandler Cos.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.89<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Fabrinet</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.85<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Carpenter Technology Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Axsome Therapeutics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.83<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> </div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900034.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten <div style="letter-spacing: 0px; top: 0px;display:inline;">holdings</div>*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sanmina Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MACOM Technology Solutions Holdings, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.29<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Madrigal Pharmaceuticals, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">SPX Technologies, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.94<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.90<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Piper Sandler Cos.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.89<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Fabrinet</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.85<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Carpenter Technology Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Axsome Therapeutics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.83<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> 0.0261 0.0242 0.0229 0.0213 0.0194 0.019 0.0189 0.0185 0.0184 0.0183 Invesco Small Cap Growth Fund Class Y GTSYX This annual shareholder report contains important information about Invesco Small Cap Growth Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Small Cap Growth Fund<br/>(Class Y)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>95</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 95 0.0092 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, US small cap equities saw improved performance as the Federal Reserve continued its easing cycle amid moderating inflation and a resilient labor market.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class Y shares of the Fund returned 5.95%. For the same time period, the Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Growth Index (the "Benchmark") returned 13.01%. The Fund underperformed the Benchmark primarily due to stock selection in the industrials, health care, consumer staples and real estate sectors. These results were partially offset by positive stock selection within the utilities, information technology, and energy sectors, as well as an underweight exposure in the communication services and consumer staples sectors.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Circle Internet Group, Inc. | </div>Circle is an issuer of USDC stablecoins used to facilitate block-chain electronic payments. The Fund participated in the initial public offering (IPO) and sold the holding following a significant run up in its post-IPO valuation.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Guardant Health, Inc. | </div>Guardant Health operates as a biotechnology company. The company delivered a strong year with accelerating oncology revenues, growing adoption of their blood biopsy tests that focus on cancer treatment selection and monitoring (Guardant360 and Reveal), and Guardant Shield for colorectal cancer emerging as a second growth engine.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Kratos Defense &amp; Security Solutions, Inc. | </div>Kratos Defense &amp; Security Solutions focuses on drone and rocket technology. The stock has done well as defense is an area that has seen a resurgence in spending.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Freshpet, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> Freshpet makes dog and cat food that uses fresh meat, fruit and vegetables, which is distributed in grocery and specialty stores. The company saw strong demand during COVID and built out capacity for continued growth. However, additional demand had not materialized. The Fund sold the stock during the period.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Coherent Corp. | </div>Coherent makes electrical components used in artificial intelligence (AI) infrastructure. The stock pulled back during the period on concerns around the sustainability of AI capital expenditures. The Fund sold the stock during the period.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Vaxcyte, Inc. | </div>Vaxcyte is a pneumococcal vaccine provider. The Fund sold the stock during the period following increasing pressure on vaccines under the current administration.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900063.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style=" border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Small Cap Growth Fund (Class Y)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.95<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.24<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Growth Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">13.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.18<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Small Cap Growth Fund (Class Y) 0.0595 -0.0064 0.0924 Russell 2000® Growth Index 0.1301 0.0318 0.0957 S&P 500® Index 0.1788 0.1442 0.1482 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,605,241,578</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">105</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>12,041,835</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">85<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 1605241578 105 12041835 0.85 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top <div style="letter-spacing: 0px; top: 0px;display:inline;">ten </div>holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sanmina Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MACOM Technology Solutions Holdings, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.29<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Madrigal Pharmaceuticals, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">SPX Technologies, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.94<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.90<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Piper Sandler Cos.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.89<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Fabrinet</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.85<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Carpenter Technology Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Axsome Therapeutics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.83<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> </div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900068.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top <div style="letter-spacing: 0px; top: 0px;display:inline;">ten </div>holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sanmina Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MACOM Technology Solutions Holdings, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.29<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Madrigal Pharmaceuticals, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">SPX Technologies, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.94<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.90<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Piper Sandler Cos.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.89<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Fabrinet</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.85<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Carpenter Technology Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Axsome Therapeutics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.83<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> 0.0261 0.0242 0.0229 0.0213 0.0194 0.019 0.0189 0.0185 0.0184 0.0183 Invesco Small Cap Growth Fund Investor Class GTSIX This annual shareholder report contains important information about Invesco Small Cap Growth Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Small Cap Growth Fund<br/>(Investor Class)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>114</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">1.11<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 114 0.0111 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, US small cap equities saw improved performance as the Federal Reserve continued its easing cycle amid moderating inflation and a resilient labor market.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Investor Class shares of the Fund returned 5.74%. For the same time period, the Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Growth Index (the "Benchmark") returned 13.01%. The Fund underperformed the Benchmark primarily due to stock selection in the industrials, health care, consumer staples and real estate sectors. These results were partially offset by positive stock selection within the utilities, information technology, and energy sectors, as well as an underweight exposure in the communication services and consumer staples sectors.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Circle Internet Group, Inc. | </div>Circle is an issuer of USDC stablecoins used to facilitate block-chain electronic payments. The Fund participated in the initial public offering (IPO) and sold the holding following a significant run up in its post-IPO valuation.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Guardant Health, Inc. | </div>Guardant Health operates as a biotechnology company. The company delivered a strong year with accelerating oncology revenues, growing adoption of their blood biopsy tests that focus on cancer treatment selection and monitoring (Guardant360 and Reveal), and Guardant Shield for colorectal cancer emerging as a second growth engine.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Kratos Defense &amp; Security Solutions, Inc. | </div>Kratos Defense &amp; Security Solutions focuses on drone and rocket technology. The stock has done well as defense is an area that has seen a resurgence in spending.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Freshpet, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> Freshpet makes dog and cat food that uses fresh meat, fruit and vegetables, which is distributed in grocery and specialty stores. The company saw strong demand during COVID and built out capacity for continued growth. However, additional demand had not materialized. The Fund sold the stock during the period.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Coherent Corp. | </div>Coherent makes electrical components used in artificial intelligence (AI) infrastructure. The stock pulled back during the period on concerns around the sustainability of AI capital expenditures. The Fund sold the stock during the period.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Vaxcyte, Inc. | </div>Vaxcyte is a pneumococcal vaccine provider. The Fund sold the stock during the period following increasing pressure on vaccines under the current administration.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900076.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Small Cap Growth Fund (Investor Class)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">5.74<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.83<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Growth Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">13.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.18<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Small Cap Growth Fund (Investor Class) 0.0574 -0.0083 0.0901 Russell 2000® Growth Index 0.1301 0.0318 0.0957 S&P 500® Index 0.1788 0.1442 0.1482 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,605,241,578</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">105</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>12,041,835</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">85<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 1605241578 105 12041835 0.85 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">holdings</div></div>*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sanmina Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MACOM Technology Solutions Holdings, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.29<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Madrigal Pharmaceuticals, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">SPX Technologies, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.94<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.90<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Piper Sandler Cos.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.89<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Fabrinet</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.85<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Carpenter Technology Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Axsome Therapeutics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.83<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> </div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900081.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">holdings</div></div>*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sanmina Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MACOM Technology Solutions Holdings, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.29<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Madrigal Pharmaceuticals, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">SPX Technologies, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.94<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.90<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Piper Sandler Cos.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.89<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Fabrinet</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.85<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Carpenter Technology Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Axsome Therapeutics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.83<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> 0.0261 0.0242 0.0229 0.0213 0.0194 0.019 0.0189 0.0185 0.0184 0.0183 Invesco Small Cap Growth Fund Class R5 GTSVX This annual shareholder report contains important information about Invesco Small Cap Growth Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;"><div style="display:inline;">(800) 959-4246</div></div><div style="font-family:Arial;display:inline;"><div style="display:inline;">.</div></div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Small Cap Growth Fund<br/>(Class R5)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>85</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.83<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 85 0.0083 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, US small cap equities saw improved performance as the Federal Reserve continued its easing cycle amid moderating inflation and a resilient labor market.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R5 shares of the Fund returned 6.02%. For the same time period, the Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Growth Index (the "Benchmark") returned 13.01%. The Fund underperformed the Benchmark primarily due to stock selection in the industrials, health care, consumer staples and real estate sectors. These results were partially offset by positive stock selection within the utilities, information technology, and energy sectors, as well as an underweight exposure in the communication services and consumer staples sectors.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Circle Internet Group, Inc. | </div>Circle is an issuer of USDC stablecoins used to facilitate block-chain electronic payments. The Fund participated in the initial public offering (IPO) and sold the holding following a significant run up in its post-IPO valuation.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Guardant Health, Inc. | </div>Guardant Health operates as a biotechnology company. The company delivered a strong year with accelerating oncology revenues, growing adoption of their blood biopsy tests that focus on cancer treatment selection and monitoring (Guardant360 and Reveal), and Guardant Shield for colorectal cancer emerging as a second growth engine.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Kratos Defense &amp; Security Solutions, Inc. | </div>Kratos Defense &amp; Security Solutions focuses on drone and rocket technology. The stock has done well as defense is an area that has seen a resurgence in spending.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Freshpet, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> Freshpet makes dog and cat food that uses fresh meat, fruit and vegetables, which is distributed in grocery and specialty stores. The company saw strong demand during COVID and built out capacity for continued growth. However, additional demand had not materialized. The Fund sold the stock during the period.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Coherent Corp. | </div>Coherent makes electrical components used in artificial intelligence (AI) infrastructure. The stock pulled back during the period on concerns around the sustainability of AI capital expenditures. The Fund sold the stock during the period.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Vaxcyte, Inc. | </div>Vaxcyte is a pneumococcal vaccine provider. The Fund sold the stock during the period following increasing pressure on vaccines under the current administration.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; "><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900100.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Small Cap Growth Fund (Class R5)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.02<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.55<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Growth Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">13.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.18<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Small Cap Growth Fund (Class R5) 0.0602 -0.0055 0.0936 Russell 2000® Growth Index 0.1301 0.0318 0.0957 S&P 500® Index 0.1788 0.1442 0.1482 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,605,241,578</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">105</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>12,041,835</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">85<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 1605241578 105 12041835 0.85 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten <div style="letter-spacing: 0px; top: 0px;display:inline;">holdings</div>*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sanmina Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MACOM Technology Solutions Holdings, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.29<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Madrigal Pharmaceuticals, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">SPX Technologies, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.94<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.90<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Piper Sandler Cos.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.89<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Fabrinet</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.85<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Carpenter Technology Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Axsome Therapeutics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.83<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> </div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900105.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten <div style="letter-spacing: 0px; top: 0px;display:inline;">holdings</div>*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sanmina Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MACOM Technology Solutions Holdings, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.29<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Madrigal Pharmaceuticals, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">SPX Technologies, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.94<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.90<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Piper Sandler Cos.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.89<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Fabrinet</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.85<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Carpenter Technology Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Axsome Therapeutics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.83<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> 0.0261 0.0242 0.0229 0.0213 0.0194 0.019 0.0189 0.0185 0.0184 0.0183 Invesco Small Cap Growth Fund Class R6 GTSFX This annual shareholder report contains important information about Invesco Small Cap Growth Fund (the “Fund”) for the period January 1, 2025 to December 31, 2025. annual shareholder report You can find additional information about the Fund at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/reports</div>. You can also request this information by contacting us at <div style="font-family:Arial;display:inline;">(800) 959-4246</div><div style="font-family:Arial;display:inline;">.</div> invesco.com/reports (800) 959-4246 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Were The Fund Costs For The Last </div> <div style="font-weight:bolder;display:inline;">Year</div> <div style="font-weight:bolder;display:inline;">?</div> </div> <div style="margin-top: 0; font-kerning: none; line-height: 13pt; text-align: left; margin-bottom: 12pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-kerning: none; vertical-align: bottom; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; text-align: center;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: left;">Invesco Small Cap Growth Fund<br/>(Class R6)</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>78</td> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom; text-align: center;">0.76<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 78 0.0076 <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 14pt;"><div style="font-weight:bolder;display:inline;">How Did The Fund Perform During The Period?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> During the fiscal year ended December 31, 2025, US small cap equities saw improved performance as the Federal Reserve continued its easing cycle amid moderating inflation and a resilient labor market.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">• </div> For the fiscal year ended December 31, 2025, Class R6 shares of the Fund returned 6.11%. For the same time period, the Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Growth Index (the "Benchmark") returned 13.01%. The Fund underperformed the Benchmark primarily due to stock selection in the industrials, health care, consumer staples and real estate sectors. These results were partially offset by positive stock selection within the utilities, information technology, and energy sectors, as well as an underweight exposure in the communication services and consumer staples sectors.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What contributed to performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Circle Internet Group, Inc. | </div>Circle is an issuer of USDC stablecoins used to facilitate block-chain electronic payments. The Fund participated in the initial public offering (IPO) and sold the holding following a significant run up in its post-IPO valuation.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Guardant Health, Inc. | </div>Guardant Health operates as a biotechnology company. The company delivered a strong year with accelerating oncology revenues, growing adoption of their blood biopsy tests that focus on cancer treatment selection and monitoring (Guardant360 and Reveal), and Guardant Shield for colorectal cancer emerging as a second growth engine.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Kratos Defense &amp; Security Solutions, Inc. | </div>Kratos Defense &amp; Security Solutions focuses on drone and rocket technology. The stock has done well as defense is an area that has seen a resurgence in spending.</div> <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What detracted from performance?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Freshpet, Inc.</div> <div style="font-weight:bolder;display:inline;"> |</div> Freshpet makes dog and cat food that uses fresh meat, fruit and vegetables, which is distributed in grocery and specialty stores. The company saw strong demand during COVID and built out capacity for continued growth. However, additional demand had not materialized. The Fund sold the stock during the period.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;">Coherent Corp. | </div>Coherent makes electrical components used in artificial intelligence (AI) infrastructure. The stock pulled back during the period on concerns around the sustainability of AI capital expenditures. The Fund sold the stock during the period.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 14pt;"><div style="font-weight:bolder;display:inline;">Vaxcyte, Inc. | </div>Vaxcyte is a pneumococcal vaccine provider. The Fund sold the stock during the period following increasing pressure on vaccines under the current administration.</div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">How Has The Fund Historically Performed?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; text-transform: uppercase; font-size: 9pt; margin-bottom: 3pt; font-weight: bold;">Growth of $10,000 Investment</div> <img alt="Fund Performance - Growth of 10K" src="chartimages_9900109.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 539pt;"/> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial; text-align: left; width: 60%;"><div style="font-weight:bolder;display:inline;">AVERAGE ANNUAL TOTAL RETURNS</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">1 Year</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">5 Years</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-weight:bolder;display:inline;">10 Years</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Invesco Small Cap Growth Fund (Class R6)</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">6.11<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">-0.48<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.45<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Russell 2000<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Growth Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">13.01<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">3.18<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9.57<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 3pt 3pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: Arial;"><div style="font-weight:bolder;display:inline;">S&amp;P 500<div style="vertical-align: 0.5em; font-size: 66.6%;display:inline;font-size:6.6px">®</div> Index</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17.88<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> Invesco Small Cap Growth Fund (Class R6) 0.0611 -0.0048 0.0945 Russell 2000® Growth Index 0.1301 0.0318 0.0957 S&P 500® Index 0.1788 0.1442 0.1482 The performance data quoted represents past performance and cannot guarantee future results; current performance may be lower or higher. Please visit <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-family: Arial; font-size: 9pt; letter-spacing: 0px; top: 0px;display:inline;">invesco.com/performance</div> for more recent performance information. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. <div style="font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bolder;display:inline;">What Are Key Statistics About The Fund?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Fund net assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,605,241,578</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total number of portfolio holdings</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">105</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Total advisory fees paid</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>12,041,835</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; font-weight: normal; text-align: left; font-family: 'Arial';">Portfolio turnover rate</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">85<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 1605241578 105 12041835 0.85 <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 71, 255); font-size: 14pt; font-weight: bold; margin-bottom: 3pt;"><div style="font-weight:bolder;display:inline;">What Comprised The Fund's Holdings?</div> </div> <div style="margin-top: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">(as of December 31, 2025)</div> <div style="display: flex; padding-bottom: 18pt;"> <div style="width: 58.5%; border-left-color: initial; border-left-style: none; border-left-width: initial; padding-left: 0; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"><div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sanmina Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MACOM Technology Solutions Holdings, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.29<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Madrigal Pharmaceuticals, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">SPX Technologies, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.94<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.90<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Piper Sandler Cos.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.89<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Fabrinet</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.85<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Carpenter Technology Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Axsome Therapeutics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.83<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div></div> <div style="width: 41.5%; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; float: none; border-right-color: initial; border-right-style: none; border-right-width: initial;"> <div style="padding-right: 0; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Sector allocation </div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 0; padding-left: 10pt;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_9900119.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); letter-spacing: 1.25px; font-size: 9pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold; text-transform: none;"><div style="font-weight:bolder;display:inline;">Top ten holdings*</div> <br/> <div style="font-weight:bolder;display:inline;">(% of net assets)</div> </div> </div> <div style="padding-right: 10pt; padding-left: 10pt;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Sanmina Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Guardant Health, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">MACOM Technology Solutions Holdings, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.29<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Madrigal Pharmaceuticals, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">SPX Technologies, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.94<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">BridgeBio Pharma, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.90<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Piper Sandler Cos.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.89<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Fabrinet</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.85<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Carpenter Technology Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: auto; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 8pt; padding-bottom: 3pt; padding-left: 12pt; font-kerning: none; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Arial'; text-align: left; width: 82%;">Axsome Therapeutics, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 8pt; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">1.83<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: auto; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none; font-size: 9pt; font-family: 'Arial'; text-align: left;">* Excluding money market fund holdings, if any.</td> <td style="break-inside: avoid-page; font-family: 'Arial'; font-size: 9pt; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-kerning: none;"></td> </tr> </table> </div> 0.0261 0.0242 0.0229 0.0213 0.0194 0.019 0.0189 0.0185 0.0184 0.0183 Excluding money market fund holdings, if any. Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.