Invesco Advisers, Inc. (Invesco or the Adviser) has contractually agreed to waive a portion of the Fund’s management fee in an amount equal to the net management fee that Invesco earns on the Fund’s investments in certain affiliated funds, which will have the effect of reducing the Acquired Fund Fees and Expenses. Unless Invesco continues the fee waiver agreement, it will terminate on August 31, 2027. During its term, the fee waiver agreement cannot be terminated or amended to reduce the advisory fee waiver without approval of the Board of Trustees.
[2]
During the fiscal year, the Fund invested in another investment company, resulting in acquired fund fees and expenses (“AFFE”) as of fiscal year-end. The Fund's current AFFE is less than 0.01% and is therefore not reflected in the table above.