Aug. 27, 2026
The Fund’s investment objective is 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 | 0.58 % | 0.58 % | 0.58 % | 0.58 % | 0.58 % | 0.58 % | 0.58 % |
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| Distribution and/or Service (12b-1) Fees | 0.25 | 1.00 | 0.50 | None | 0.15 | None | None |
| | |||||||
| Other Expenses | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.14 | 0.07 |
| | |||||||
| Total Annual Fund Operating Expenses | 1.00 | 1.75 | 1.25 | 0.75 | 0.90 | 0.72 | 0.65 |
| | |||||||
| 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
|
$646 |
$851 |
$1,072 |
$1,707 |
|
|
||||
|
Class C
|
$278 |
$551 |
$949 |
$1,864 |
|
|
||||
|
Class R
|
$127 |
$397 |
$686 |
$1,511 |
|
|
||||
|
Class Y
|
$77 |
$240 |
$417 |
$930 |
|
|
||||
|
Investor Class
|
$92 |
$287 |
$498 |
$1,108 |
|
|
||||
|
Class R5
|
$74 |
$230 |
$401 |
$894 |
|
|
||||
|
Class R6
|
$66 |
$208 |
$362 |
$810 |
|
|
||||
You would pay the following expenses if you did not redeem your shares:
|
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Class A
|
$646 |
$851 |
$1,072 |
$1,707 |
|
|
||||
|
Class C
|
$178 |
$551 |
$949 |
$1,864 |
|
|
||||
|
Class R
|
$127 |
$397 |
$686 |
$1,511 |
|
|
||||
|
Class Y
|
$77 |
$240 |
$417 |
$930 |
|
|
||||
|
Investor Class
|
$92 |
$287 |
$498 |
$1,108 |
|
|
||||
|
Class R5
|
$74 |
$230 |
$401 |
$894 |
|
|
||||
|
Class R6
|
$66 |
$208 |
$362 |
$810 |
|
|
||||
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 159% 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 securities of issuers engaged in technology-related industries, and in derivatives and other instruments that have economic characteristics similar to such securities. The Fund invests primarily in equity securities. The principal type of equity security in which the Fund invests is common stock.
For purposes of the Fund's 80% investment policy, the Fund considers an issuer to be doing business in technology-related industries if it meets at least one of the following tests: (1) at least 50% of its gross income or its net sales come from activities in technology-related industries; (2) at least 50% of its total assets are devoted to producing revenues in technology-related industries; or (3) based on other available information, the Fund’s portfolio managers determine that its primary business is within technology-related industries. Such other available information may include industry or sub-industry classifications from any one or more third-party providers, such as those using the Global Industry Classification Standard (GICS®), the North American Industry Classification System (NAICS) or the Bloomberg Industry Classification System (BICS).
The Fund will concentrate its investments in the securities of issuers engaged primarily in technology-related industries. Issuers in technology-related industries include, but are not limited to, those involved in the design, manufacture, distribution, licensing, or provision of various applied technologies, hardware, software, semiconductors, telecommunications equipment and telecommunications/media distribution services, medical technology, biotechnology, as well as service-related companies in the information technology industry.
The Fund invests primarily in securities that are considered by the Fund’s portfolio managers to have potential for earnings or revenue growth. While the portfolio managers may invest in securities of issuers of any
market capitalization, the portfolio managers tend to favor the securities of mid- and large-capitalization issuers.
The Fund may invest up to 50% of its net assets in securities of foreign issuers, which may include securities of issuers located in emerging market countries, i.e., those that are generally in the early stages of their industrial cycles. The Fund may invest in depositary receipts or local shares to gain exposure to foreign companies.
The Fund may invest in illiquid or thinly traded securities, such as private equity investments. The Fund may also invest in securities that are subject to resale restrictions such as those contained in Rule 144A promulgated under the Securities Act of 1933, as amended.
The Fund can invest in derivative instruments, including options and futures contracts.
The Fund can use options, including call options, for hedging and investment purposes.
The Fund can use futures contracts, including index futures, to gain exposure to the broad market by equitizing cash and to seek to hedge against downside risk.
Derivatives and other instruments that provide investment exposure to the investments that are the subject of 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.
The Fund is non-diversified, which means it can invest a greater percentage of its assets in a small group of issuers or any one issuer than a diversified fund can.
In selecting investments for the Fund, the portfolio managers look for companies using a “bottom-up” stock selection process. The “bottom-up” approach focuses on fundamental analysis of individual issuers before considering the impact of overall economic, market or industry trends. This approach includes analysis of a company’s financial statements and management structure and consideration of the company’s operations, product development, and its industry position. The portfolio managers currently focus on companies that the portfolio managers believe are characterized by industry leadership, market share growth, high caliber management teams, sustainable competitive advantages, and strong growth themes or new innovative products or services. The portfolio managers monitor individual issuers for changes in the factors above, which may trigger a decision to sell a security, but does not require a decision to do so. The factors considered by the portfolio managers may vary in particular cases and may change over time.
In attempting to meet its investment objective or to manage subscription and redemption requests, the Fund may engage in active and frequent trading of portfolio securities.
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 | 47.09% |
| Best Quarter | June 30, 2020 | 32.62% |
| Worst Quarter | June 30, 2022 | -23.56% |
| | Inception Date | 1 Year | 5 Years | 10 Years |
| Investor Class | | | | |
| Return Before Taxes | 1/19/1984 | 19.94 % | 10.24 % | 15.63 % |
| Return After Taxes on Distributions | | 12.93 | 6.96 | 12.95 |
| Return After Taxes on Distributions and Sale of Fund Shares | | 15.07 | 7.46 | 12.40 |
| | ||||
| Class A | 3/28/2002 | 13.24 | 8.88 | 14.86 |
| | ||||
| Class C | 2/14/2000 | 18.16 | 9.30 | 14.82 |
| | ||||
| Class R1 | 9/30/2025 | 19.54 | 9.84 | 15.22 |
| | ||||
| Class Y | 10/3/2008 | 20.11 | 10.39 | 15.80 |
| | ||||
| Class R5 | 12/21/1998 | 20.16 | 10.45 | 15.93 |
| | ||||
| Class R6 | 4/4/2017 | 20.26 | 10.53 | 15.91 2 |
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| S&P North American Technology Sector Index (reflects no deduction for fees, expenses or taxes) | | 27.82 | 18.02 | 22.54 |
| | ||||
| 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 Class A 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 Class A shares' returns of the Fund as they have different expenses.
2
Performance shown prior to the inception date is that of the Fund's Class A shares at net asset value and includes the 12b-1 fees applicable to that class. Although invested in the same portfolio of securities, Class R6 shares' returns of the Fund will be different from Class A 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.