Aug. 27, 2026
The Fund’s investment objective is current income and long-term growth of capital.
This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Fund.
The table and Examples below do not reflect any transaction fees that may be charged by financial intermediaries or commissions that a shareholder may be required to pay directly to its financial intermediary when buying or selling Class Y or Class R6 shares. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Invesco Funds. More information about these and other discounts is available from your financial professional and in the section “Shareholder Account Information – Initial Sales Charges (Class A Shares Only)” on page A-3 of the prospectus and the section “Purchase, Redemption and Pricing of Shares – Purchase and Redemption of Shares” on page L-1 of the statement of additional information (SAI).
| Shareholder Fees (fees paid directly from your investment) | |||||||
| Class: | A | C | R | Y | Investor | R5 | R6 |
| Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | 5.50 % | None | None | None | None | None | None |
| | |||||||
| Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) | None1 | 1.00 % | None | None | None | None | None |
| | |||||||
| Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |||||||
| Class: | A | C | R | Y | Investor | R5 | R6 |
| Management Fees | 0.53 % | 0.53 % | 0.53 % | 0.53 % | 0.53 % | 0.53 % | 0.53 % |
| | |||||||
| Distribution and/or Service (12b-1) Fees | 0.24 | 1.00 | 0.50 | None | 0.25 | None | None |
| | |||||||
| Other Expenses | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.13 | 0.06 |
| | |||||||
| Total Annual Fund Operating Expenses | 0.91 | 1.67 | 1.17 | 0.67 | 0.92 | 0.66 | 0.59 |
| | |||||||
| 1 | A contingent deferred sales charge may apply in some cases. See “Shareholder Account Information-Contingent Deferred Sales Charges (CDSCs).” |
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. This Example does not include commissions and/or other forms of compensation that investors may pay on transactions in Class Y and Class R6 shares. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same.
Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
|
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Class A
|
$638 |
$824 |
$1,026 |
$1,608 |
|
|
||||
|
Class C
|
$270 |
$526 |
$907 |
$1,774 |
|
|
||||
|
Class R
|
$119 |
$372 |
$644 |
$1,420 |
|
|
||||
|
Class Y
|
$68 |
$214 |
$373 |
$835 |
|
|
||||
|
Investor Class
|
$94 |
$293 |
$509 |
$1,131 |
|
|
||||
|
Class R5
|
$67 |
$211 |
$368 |
$822 |
|
|
||||
|
Class R6
|
$60 |
$189 |
$329 |
$738 |
|
|
||||
You would pay the following expenses if you did not redeem your shares:
|
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Class A
|
$638 |
$824 |
$1,026 |
$1,608 |
|
|
||||
|
Class C
|
$170 |
$526 |
$907 |
$1,774 |
|
|
||||
|
Class R
|
$119 |
$372 |
$644 |
$1,420 |
|
|
||||
|
Class Y
|
$68 |
$214 |
$373 |
$835 |
|
|
||||
|
Investor Class
|
$94 |
$293 |
$509 |
$1,131 |
|
|
||||
|
Class R5
|
$67 |
$211 |
$368 |
$822 |
|
|
||||
|
Class R6
|
$60 |
$189 |
$329 |
$738 |
|
|
||||
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 38% of the average value of its portfolio.
The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in dividend-paying equity securities and in other instruments that have economic characteristics similar to such securities. For purposes of the Fund's 80% investment policy, a “dividend-paying equity security” is an equity security that is currently paying a dividend or for which a dividend has been forecasted to be paid for the current calendar year as determined by a third-party financial data provider such as Bloomberg. The Fund may invest up to 25% of its net assets in foreign securities. The Fund may invest in securities of issuers of all capitalization sizes and under normal market conditions, it is currently expected that the Fund will invest a substantial percentage of its assets in large-capitalization issuers.
Derivatives and other instruments that provide investment exposure to the investments that are subject to the 80% investment policy stated above and derivatives that provide investment exposure to one or more market risk factors associated with such investments may be included in the Fund’s 80% investment policy.
In selecting investments, the portfolio managers seek to deliver the value of dividend investing by identifying above-market yielding stocks, emphasizing firms they believe have the financial strength to offer consistent and defensible (i.e., sustainable) dividend income. The portfolio managers’ process also emphasizes long-term capital appreciation. Through fundamental research, the management team measures the strength and sustainability of a company’s dividend income by analyzing the potential for free cash flow (a company’s excess cash over its operating expenses) over a 2-3 year targeted holding period. The portfolio managers construct a portfolio that they believe provides the ability to earn income and build capital over the long-term. The portfolio managers also believe that investing in above-market yielding stocks with defensible dividend income
may help the Fund preserve assets during down markets. The portfolio managers seek to manage portfolio risk by utilizing careful stock selection, maintaining exposure to multiple sectors and employing a rigorous buy-and-sell discipline.
The portfolio managers will consider selling or trimming a stock when it no longer materially meets their investment criteria, including when (1) a stock reaches its fair valuation (target price); (2) there is deterioration in the capital structure; or (3) a more attractive investment opportunity presents itself.
The bar chart and performance table provide an indication of the risks of investing in the Fund. The bar chart shows changes in the performance of the Fund from year to year as of December 31. The performance table compares the Fund’s performance to that of a broad measure of market performance and one or more additional indices with characteristics relevant to the Fund. The Fund's past performance (before and after taxes) is not necessarily an indication of its future performance.
Fund performance reflects any applicable fee waivers and expense reimbursements. Performance returns would be lower without applicable fee waivers and expense reimbursements.
All Fund performance shown assumes the reinvestment of dividends and capital gains and the effect of the Fund’s expenses.
Updated performance information is available on the Fund's website at www.invesco.com/us.
| Investor Class | Period Ended | Returns |
| Year-to-date | June 30, 2026 | 7.38% |
| Best Quarter | December 31, 2022 | 13.07% |
| Worst Quarter | March 31, 2020 | -20.10% |
| | Inception Date | 1 Year | 5 Years | 10 Years |
| Investor Class | | | | |
| Return Before Taxes | 6/2/1986 | 15.39 % | 10.48 % | 8.64 % |
| Return After Taxes on Distributions | | 12.38 | 8.64 | 7.15 |
| Return After Taxes on Distributions and Sale of Fund Shares | | 11.16 | 8.09 | 6.73 |
| | ||||
| Class A | 3/28/2002 | 9.07 | 9.25 | 8.03 |
| | ||||
| Class C | 2/14/2000 | 13.54 | 9.64 | 7.99 |
| | ||||
| Class R | 4/17/2020 | 15.13 | 10.21 1 | 8.37 1 |
| | ||||
| Class Y | 10/3/2008 | 15.69 | 10.75 | 8.91 |
| | ||||
| Class R5 | 10/25/2005 | 15.71 | 10.78 | 8.95 |
| | ||||
| Class R6 | 9/24/2012 | 15.78 | 10.86 | 9.03 |
| | ||||
| Russell 1000® Value Index (reflects no deduction for fees, expenses or taxes) | | 15.91 | 11.33 | 10.53 |
| | ||||
| S&P 500® Index (reflects no deduction for fees, expenses or taxes) | | 17.88 | 14.42 | 14.82 |
| | ||||
1
Performance shown prior to the inception date is that of the Fund's Investor Class shares at net asset value restated to reflect the higher 12b-1 fees applicable to Class R shares. Although invested in the same portfolio of securities, Class R shares' returns of the Fund will be different from Investor Class shares' returns of the Fund as they have different expenses.
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-advantaged arrangements, such as 401(k) plans, 529 college savings plans or individual retirement accounts. After-tax returns are shown for Investor Class shares only and after-tax returns for other classes will vary.