invesco simplified prospectus - cgl financial fund... · 1 series sc and series dsc units available...

Simplified ProspectusJuly 29, 2011Offering Series A shares or units of all funds except for Trimark Interest Fund, Trimark U.S. Money Market Fund, Trimark Canadian Bond Class and Invesco Canadian Equity Growth Class, and offering Series B, Series D, Series DCA, Series DCA Heritage, Series DSC, Series F, Series FH, Series F4, Series F6, Series F8, Series H, Series I, Series P, Series PF, Series PF4, Series PF6, Series PH, Series PT4, Series PT6, Series PT8, Series T4, Series T6, Series T8 and Series SC shares or units as indicated.

TrimarkMoney market fundsTrimark Interest Fund (Series SC and Series DSC only)1

Trimark U.S. Money Market Fund (Series SC and Series DSC only)1

Fixed-income fundsTrimark Advantage Bond Fund (also Series F and Series I)Trimark Canadian Bond Fund (also Series F and Series I)Trimark Canadian Bond Class (Series P, Series PF, Series PF4 and

Series PT4 only)2, 3

Trimark Floating Rate Income Fund (also Series F and Series I)Trimark Global High Yield Bond Fund (also Series F and Series I)Trimark Government Plus Income Fund (also Series F and Series I)

Balanced fundsTrimark Diversified Income Class (also Series F, Series F8, Series I,

Series T4, Series T6 and Series T8)4

Trimark Diversified Yield Class (also Series F, Series P, Series PF, Series PF6, Series PT4, Series PT6, Series PT8, Series T4, Series T6 and Series T8)2, 5

Trimark Global Balanced Fund (also Series D6, Series F, Series H, Series I, Series T4, Series T6 and Series T8)

Trimark Global Balanced Class (also Series F, Series FH, Series H, Series P, Series PF, Series PH, Series T4, Series T6 and Series T8)2

Trimark Income Growth Fund (also Series SC, Series F, Series I, Series T4, Series T6 and Series T8)

Trimark Select Balanced Fund (also Series F, Series I, Series T4, Series T6 and Series T8)

Canadian equity fundsTrimark Canadian Endeavour Fund (also Series F and Series I)Trimark Canadian Fund (also Series SC, Series F and Series I)Trimark Canadian Class (also Series F, Series I, Series T4, Series T6

and Series T8)4, 7

Trimark Canadian Plus Dividend Class (also Series F, Series F4, Series F6, Series F8, Series I, Series T4, Series T6 and Series T8)2

Trimark Canadian Small Companies Fund (also Series F and Series I)

American equity fundsTrimark North American Endeavour Class (also Series F and

Series I)2

Trimark U.S. Companies Fund (also Series D6, Series F, Series H and Series I)

Trimark U.S. Companies Class (also Series F, Series FH, Series H, Series P, Series PF and Series PH)2

Trimark U.S. Small Companies Class (also Series D6, Series F and Series I)2

Global equity fundsTrimark Europlus Fund (also Series F and Series I)Trimark Fund (also Series SC, Series F, Series H, Series I, Series T4,

Series T6 and Series T8)Trimark Global Dividend Class (also Series F, Series F4, Series F6,

Series F8, Series I, Series T4, Series T6 and Series T8)2

Trimark Global Endeavour Fund (also Series D6, Series F, Series H and Series I)

Trimark Global Endeavour Class (also Series F, Series H, Series P and Series PF)2

Trimark Global Fundamental Equity Fund (also Series F, Series H, Series I, Series T4, Series T6 and Series T8)8

Trimark Global Fundamental Equity Class (also Series F, Series FH, Series H, Series I, Series P, Series PF, Series PH, Series T4, Series T6 and Series T8)2, 9

Trimark Global Small Companies Class (also Series F and Series I)2

Trimark International Companies Fund (also Series F and Series I)Trimark International Companies Class (also Series F, Series P and

Series PF)2, 10

Sector fundsTrimark Energy Class (also Series F and Series I)2

Trimark Resources Fund (also Series F and Series I)

InvescoInvesco Rebalancing ServiceInvesco Allocation Fund (also Series SC, Series D6 and Series F)

Money market fundsInvesco Canada Money Market Fund (also Series DCA and

Series DCA Heritage)Invesco Short-Term Income Class (also Series B and Series F)2

Fixed-income fundsInvesco Emerging Markets Debt Fund (also Series F and Series I)

Balanced fundsInvesco Canadian Balanced Fund (also Series D6 , Series F, Series I,

Series T4, Series T6 and Series T8)Invesco Core Canadian Balanced Class (also Series F, Series I,


Invesco Global Balanced Fund (also Series F, Series H and Series I)

Canadian equity fundsInvesco Canadian Equity Growth Class (Series P and

Series PF only)2,11

Invesco Canadian Premier Growth Fund (also Series D6, Series F

and Series I)

Invesco Canadian Premier Growth Class (also Series F, Series I,


Invesco Core Canadian Equity Class (also Series F and Series I)4

Invesco Pure Canadian Equity Fund (also Series F and Series I)

Invesco Pure Canadian Equity Class (also Series F and Series I)2

Invesco Select Canadian Equity Fund (also Series D6, Series F,

Series I, Series T4, Series T6 and Series T8)

Invesco Select Canadian Equity Class (also Series F, Series P and

Series PF)2, 12

Global equity fundsInvesco Emerging Markets Class (also, Series F and Series I)2 Invesco European Growth Class (also Series F)2

Invesco Global Growth Class (also Series F, Series H and Series I)2

Invesco International Growth Fund (also Series F and Series I)Invesco International Growth Class (also Series F, Series I,

Series P and Series PF)2

Invesco Global Equity Fund (also Series F and Series I)Invesco Global Equity Class (also Series F and Series I)2

Invesco Indo-Pacific Fund (also Series F and Series I)

Sector fundsInvesco Global Real Estate Fund (also Series F, Series I, Series T4,

Series T6 and Series T8)

PowerSharesAsset allocation fundsPowerShares Tactical Canadian Asset Allocation Fund (also Series F,

Series T6 and Series T8)

Fixed-income fundsPowerShares 1-5 Year Laddered Corporate Bond Index Fund (also

Series F and Series I)PowerShares High Yield Corporate Bond Index Fund (also Series F

and Series I)PowerShares Real Return Bond Index Fund (also Series F and

Series I)PowerShares Tactical Bond Capital Yield Class (also Series F,

Series F4, Series F6, Series I, Series T4 and Series T6)2

PowerShares Tactical Bond Fund (also Series F and Series I)

Dividend-income fundsPowerShares Canadian Dividend Index Class (also Series F and

Series I)2

PowerShares Canadian Preferred Share Index Class (also Series F and Series I)2

PowerShares Diversified Yield Fund (also Series F, Series T6 and Series T8)

PowerShares Global Dividend Achievers Fund (also Series F)

Fundamental Index® methodology fundsPowerShares FTSE RAFI® Canadian Fundamental Index Class

(also Series F and Series I)2 PowerShares FTSE RAFI® Emerging Markets Fundamental Class

(also Series F)2

PowerShares FTSE RAFI® Global+ Fundamental Fund (also Series F)PowerShares FTSE RAFI® U.S. Fundamental Fund (also Series F)

Intelligent access fundsPowerShares Global Agriculture Class (also Series F)2

PowerShares Global Clean Energy Class (also Series F)2

PowerShares Global Gold and Precious Metals Class (also Series F)2

PowerShares Global Water Class (also Series F)2

PowerShares Golden Dragon China Class (also Series F)2

PowerShares India Class (also Series F)2

PowerShares QQQ Class (also Series F)2

Invesco IntactiveInvesco Intactive Accumulation PortfoliosInvesco Intactive Diversified Income Portfolio (also Series F, Series I,

Series P, Series PF, Series T4 and Series T6)Invesco Intactive Diversified Income Portfolio Class (also Series F,

Series P, Series PF, Series T4 and Series T6)2 Invesco Intactive Balanced Income Portfolio (also Series F, Series I,

Series P, Series PF, Series T4 and Series T6)Invesco Intactive Balanced Income Portfolio Class (also Series F,

Series P, Series PF, Series T4 and Series T6)2 Invesco Intactive Balanced Growth Portfolio (also Series F, Series I,

Series P, Series PF, Series T4, Series T6 and Series T8)

Invesco Intactive Balanced Growth Portfolio Class (also Series F, Series P, Series PF, Series T4, Series T6 and Series T8)2

Invesco Intactive Growth Portfolio (also Series F, Series I, Series P, Series PF, Series T4, Series T6 and Series T8)

Invesco Intactive Growth Portfolio Class (also Series F, Series P, Series PF, Series T4, Series T6 and Series T8)2

Invesco Intactive Maximum Growth Portfolio (also Series F, Series I, Series P, Series PF, Series T4, Series T6 and Series T8)

Invesco Intactive Maximum Growth Portfolio Class (also Series F, Series P, Series PF, Series T4, Series T6 and Series T8)2

Invesco Intactive Target Date PortfoliosInvesco Intactive 2023 Portfolio (also Series F, Series I and

Series P)Invesco Intactive 2028 Portfolio (also Series F, Series I and



Series P)

See the footnotes on the inside front cover of this document. No securities regulatory authority

has expressed an opinion about these shares or units. It is an offence to claim otherwise.

The Funds and the securities of the Funds offered under this Simplified Prospectus are not registered with the United States Securities and Exchange Commission and they are sold in the United States only in reliance on exemptions from registration.

1 Series SC and Series DSC units available instead of Series A units.2 Part of Invesco Corporate Class Inc.3 Formerly Trimark Canadian Bond Private Pool. This Fund is

currently closed to new investors; however, existing investors

may continue to buy shares of this Fund in an account that

already holds shares of this Fund.4 Part of Invesco Canada Fund Inc.5 Formerly Trimark Monthly Income Private Pool.6 Series D shares or units of each of Invesco Allocation Fund,

Invesco Canadian Balanced Fund, Trimark Global Balanced Fund,

Invesco Select Canadian Equity Fund, Invesco Canadian Premier

Growth Fund, Trimark U.S. Companies Fund, Trimark U.S. Small

Companies Class and Trimark Global Endeavour Fund are currently

closed to new investors. Only existing investors in Series D shares

or units of each such Fund may continue to buy Series D shares or

units of such Fund in an account that already holds such Series D

shares or units.

7 Formerly Trimark Canadian First Class. 8 Formerly Trimark Select Growth Fund. 9 Formerly Trimark Select Growth Class.10 Formerly Trimark EAFE Equity Private Pool.11 Formerly Invesco Canadian Equity Growth Private Pool.12 Formerly Invesco Canadian Equity Private Pool.

Table of contents

01 Introduction

04 What is amutual fundandwhatare the risksof investing inamutual fund?

04 What is amutual fund?04 Whatdoyouown?04 Structure of the Funds04 Series of shares andunits05 Whatare thegeneral risks of investing in amutual fund?05 Whatare the specific risks of investing in amutual fund?

14 Organizationandmanagementof the InvescoCanadaFunds

14 Whoorganizes andmanages theFunds?14 Whoworkswith the Funds?15 Fundof funds

16 Purchases, redemptions andswitches

16 Series of shares andunits19 How tobuysharesorunits of the Funds23 Howto redeemyour shares or units28 Howto switchyour shares or units

31 Optional services

31 Pre-authorized chequing (PAC)plan32 Systematicwithdrawal plan (SWP)32 InvescoCustomizingService33 InvescoWealthManagement35 InvescoDollar-CostAveraging Service35 Registeredplans36 Buying inU.S. dollars36 Buying inU.S. dollars andSeriesH, SeriesPHandSeries FH shares or units of theFunds

37 Feesandexpenses

37 Feesandexpensespayable by theFunds40 Feesandexpensespayable directly byyou42 Impactof sales charges

43 Dealer compensation

43 Commissionswepay toyourDealer47 Dealer support

47 Dealer compensation frommanagementfees

48 Income taxconsiderations for investors

48 Howmutual funds earnmoney49 Howyour investment is taxed49 Non-registered accounts51 Registeredplans

51 Whatareyour legal rights?

52 Additional information52 Aligning fundgovernance52 Indexdisclaimer

i InvescoSimplifiedProspectus

56 Glossary

59 Specific informationabouteachof themutual funds described in this document

TRIMARK

MoneyMarketFunds

61 Trimark Interest Fund63 TrimarkU.S.MoneyMarket Fund

Fixed-IncomeFunds

65 TrimarkAdvantageBondFund68 TrimarkCanadianBondFund71 TrimarkCanadianBondClass74 Trimark FloatingRate IncomeFund77 TrimarkGlobalHighYieldBondFund79 TrimarkGovernmentPlus IncomeFund

BalancedFunds

81 TrimarkDiversified IncomeClass85 TrimarkDiversifiedYieldClass89 TrimarkGlobal Balanced Fund93 TrimarkGlobal Balanced Class97 Trimark IncomeGrowthFund100 TrimarkSelect BalancedFun

CanadianEquityFunds

103 TrimarkCanadianEndeavour Fund106 TrimarkCanadianFund109 TrimarkCanadianClass112 TrimarkCanadianPlusDividend Class115 TrimarkCanadianSmall Companies Fund

AmericanEquityFunds

118 TrimarkNorthAmericanEndeavourClass120 TrimarkU.S.Companies Fund123 TrimarkU.S.CompaniesClass126 TrimarkU.S. Small CompaniesClass

Global EquityFunds

129 TrimarkEuroplus Fund131 Trimark Fund135 TrimarkGlobalDividendClass138 TrimarkGlobal Endeavour Fund141 TrimarkGlobal EndeavourClass144 TrimarkGlobal Fundamental Equity Fund148 TrimarkGlobal Fundamental EquityClass152 TrimarkGlobal Small CompaniesClass154 Trimark International Companies Fund156 Trimark International CompaniesClass

Table of contents (continued)

ii InvescoSimplifiedProspectus

SectorFunds

158 TrimarkEnergyClass161 TrimarkResources Fund

INVESCO

InvescoRebalancingService

164 InvescoAllocationFund

MoneyMarketFunds

166 InvescoCanadaMoneyMarket Fund168 InvescoShort-Term IncomeClass

Fixed-IncomeFunds

170 InvescoEmergingMarketsDebt Fund

BalancedFunds

173 InvescoCanadianBalanced Fund176 InvescoCoreCanadianBalancedClass179 InvescoGlobal BalancedFund

CanadianEquityFunds

182 InvescoCanadianEquityGrowthClass184 InvescoCanadianPremierGrowthFund187 InvescoCanadianPremierGrowthClass190 InvescoCoreCanadianEquityClass192 InvescoPureCanadianEquity Fund194 InvescoPureCanadianEquityClass196 InvescoSelect CanadianEquity Fund199 InvescoSelect CanadianEquityClass

Global EquityFunds

201 InvescoEmergingMarketsClass204 InvescoEuropeanGrowthClass206 InvescoGlobalGrowthClass209 Invesco InternationalGrowthFund211 Invesco InternationalGrowthClass213 InvescoGlobal Equity Fund215 InvescoGlobal EquityClass217 Invesco Indo-Pacific Fund

SectorFunds

219 InvescoGlobal Real Estate Fund

POWERSHARES

AssetAllocationFunds

222 PowerShares Tactical CanadianAssetAllocationFund


iii InvescoSimplifiedProspectus

Fixed-IncomeFunds

225 PowerShares 1-5Year LadderedCorporateBond IndexFund228 PowerSharesHighYieldCorporateBond IndexFund231 PowerSharesRealReturnBond IndexFund234 PowerShares Tactical BondCapital YieldClass237 PowerShares Tactical BondFund

Dividend-IncomeFunds

240 PowerSharesCanadianDividend IndexClass242 PowerSharesCanadianPreferredShare IndexClass245 PowerSharesDiversifiedYield Fund248 PowerSharesGlobalDividendAchievers Fund

Fundamental Index»MethodologyFunds

251 PowerShares FTSERAFI»CanadianFundamental IndexClass253 PowerShares FTSERAFI»EmergingMarkets Fundamental Class255 PowerShares FTSERAFI»Global+Fundamental Fund258 PowerShares FTSERAFI»U.S. Fundamental Fund

IntelligentAccessFunds

260 PowerSharesGlobalAgricultureClass262 PowerSharesGlobal CleanEnergyClass264 PowerSharesGlobalGold andPreciousMetals Class266 PowerSharesGlobalWaterClass268 PowerSharesGoldenDragonChinaClass270 PowerShares India Class272 PowerSharesQQQClass

INVESCO INTACTIVE

Invesco IntactiveAccumulationPortfolios

274 Invesco IntactiveDiversified IncomePortfolio278 Invesco IntactiveDiversified IncomePortfolioClass282 Invesco IntactiveBalanced IncomePortfolio286 Invesco IntactiveBalanced IncomePortfolioClass290 Invesco IntactiveBalancedGrowthPortfolio294 Invesco IntactiveBalancedGrowthPortfolioClass298 Invesco IntactiveGrowthPortfolio302 Invesco IntactiveGrowthPortfolioClass306 Invesco IntactiveMaximumGrowthPortfolio310 Invesco IntactiveMaximumGrowthPortfolioClass

314 Invesco IntactiveTargetDatePortfolios

317 Invesco Intactive2023Portfolio321 Invesco Intactive2028Portfolio325 Invesco Intactive2033Portfolio329 Invesco Intactive2038Portfolio


iv InvescoSimplifiedProspectus

Introduction

This document contains selected important information tohelp youmakean informed investmentdecisionandunderstandyour rights as an investor.Throughout this document:

mweorusmeans InvescoCanadaLtd. (“InvescoCanada”)

m youmeans eachpersonwho invests in the Funds

m Advisormeans the registered representativewhoadvisesyouonyour investments

m AdvisoryBoardmeans the InvescoCanadaFundsAdvisoryBoard

m C$/U.S.$NAVFundsmeans the followingFunds:InvescoEuropeanGrowthClassInvescoGlobal Balanced FundInvescoGlobalGrowthClassInvesco Indo-Pacific FundInvesco International GrowthClassInvescoShort-Term IncomeClassTrimarkEuroplus FundTrimarkFundTrimarkFloatingRate IncomeFundTrimarkGlobal BalancedClassTrimarkGlobal BalancedFundTrimarkGlobal EndeavourClassTrimarkGlobal Endeavour FundTrimarkGlobalHighYieldBond FundTrimark International Companies FundTrimarkNorthAmericanEndeavourClassTrimarkGlobal Fundamental EquityClassTrimarkGlobal Fundamental Equity FundTrimarkU.S.CompaniesClassTrimarkU.S.Companies FundTrimarkU.S. Small CompaniesClass

m CanadianBusinessDaymeansanyday that theTorontoStockExchange (TSX) is open for business

m Canadian/U.S. BusinessDaymeans 1) in the caseof underlying InvescoPowerShares ETFs that are listedonNYSEArca,anyday that both theTSXandNYSEArca areopen for business, 2) in the caseof underlying InvescoPowerSharesETFsthat are listedonNASDAQ, anyday that both theTSXandNASDAQareopen for business, and3) in the caseof underlyingInvescoPowerSharesETFs that are listedon theTSX, anyday that theTSX is open for business

m CoreBundlesmeans the followingFunds:InvescoCoreCanadianBalancedClassInvescoCoreCanadianEquityClass

m CorporateFundmeansan InvescoCanadaFund that is oneormore separate classesof InvescoCorporateClass Inc. orInvescoCanadaFund Inc.

m Dealermeans the companywhereyourAdvisorworks

m ETFmeansanexchange-traded fund

m Fundmeansamutual fund listedon the front coverof this prospectus

m Intermediarymeans a third party that yourDealermayuse toadminister youraccounts

m InvescoCanadaFundsmeansall of InvescoCanada’smutual funds,whichmaybeoffered under this prospectusorseparate prospectuses, and includes theFunds

m Invesco IntactiveAccumulationFundsmeans the Invesco IntactiveAccumulationPortfolios and the Invesco IntactiveAccumulationPortfolioClasses

m Invesco IntactiveAccumulationPortfoliosmeans the followingFunds:Invesco IntactiveDiversified IncomePortfolioInvesco IntactiveBalanced IncomePortfolio

01 InvescoSimplifiedProspectus

Invesco IntactiveBalancedGrowthPortfolioInvesco IntactiveGrowthPortfolioInvesco IntactiveMaximumGrowthPortfolio

m Invesco IntactiveAccumulationPortfolioClassesmeans the followingFunds:Invesco IntactiveDiversified IncomePortfolioClassInvesco IntactiveBalanced IncomePortfolioClassInvesco IntactiveBalancedGrowthPortfolioClassInvesco IntactiveGrowthPortfolioClassInvesco IntactiveMaximumGrowthPortfolioClass

m Invesco IntactiveTargetDatePortfoliosmeans the followingFunds:Invesco Intactive2023PortfolioInvesco Intactive2028PortfolioInvesco Intactive2033PortfolioInvesco Intactive2038Portfolio

m Invesco IntactivePortfoliosmeans the Invesco IntactiveAccumulationFundsand the Invesco Intactive TargetDatePortfolios

m InvescoRebalancingService is anasset allocation service that letsyoucustomize a portfolio of InvescoCanadaFunds

m InvescoPowerSharesETFmeansanexchange–traded fund listed andposted for trading ona stockexchangeunder the“PowerShares”brandname

m IRCmeans the independent reviewcommitteeoperatingunderNational Instrument81-107 IndependentReviewCommittee for Investment Funds

m NAVmeansnetasset value

m Portfoliomeansan Invesco IntactiveAccumulationPortfolio, an Invesco IntactiveAccumulationPortfolioClass oranInvesco IntactiveTargetDatePortfolio, as the casemaybe

m PowerSharesFundsmeans the followingFunds:PowerShares 1-5Year LadderedCorporateBond IndexFundPowerSharesCanadianDividend IndexClassPowerSharesCanadianPreferredShares IndexClassPowerSharesDiversifiedYield FundPowerShares FTSERAFICanadianFundamental IndexClassPowerShares FTSERAFI EmergingMarkets Fundamental ClassPowerShares FTSERAFIGlobal+Fundamental FundPowerShares FTSERAFIU.S. Fundamental FundPowerSharesGlobalAgricultureClassPowerSharesGlobal CleanEnergyClassPowerSharesGlobalDividendAchievers FundPowerSharesGlobalGold andPreciousMetalsClassPowerSharesGlobalWaterClassPowerSharesGoldenDragonChinaClassPowerSharesHighYieldCorporateBond IndexFundPowerShares India ClassPowerSharesQQQClassPowerSharesRealReturnBond IndexFundPowerShares Tactical BondCapital YieldClassPowerShares Tactical BondFundPowerShares Tactical CanadianAssetAllocationFund

m PowerSharesFundsof ETFsmeans the followingPowerShares Funds:PowerShares FTSERAFI EmergingMarkets Fundamental ClassPowerShares FTSERAFIGlobal+Fundamental FundPowerShares FTSERAFIU.S. Fundamental FundPowerSharesGlobalAgricultureClassPowerSharesGlobal CleanEnergyClassPowerSharesGlobalDividendAchievers FundPowerSharesGlobalGold andPreciousMetalsClassPowerSharesGlobalWaterClass


PowerSharesGoldenDragonChinaClassPowerShares India ClassPowerSharesQQQClass

m Tax-efficient flexibledistribution series,orT-FLEXseries,meansSeries F4, Series F6, Series F8, SeriesPF4, Series PF6,SeriesPT4, SeriesPT6, SeriesPT8, SeriesT4, Series T6and/or Series T8 shares or units ofcertain Funds

m Transfer Fundsmeans InvescoCanadaFunds,excluding InvescoAllocationFund,Trimark Interest Fund, InvescoShort-TermIncomeClass,TrimarkU.S.MoneyMarket FundandSeriesAunits of InvescoCanadaMoneyMarket Fund, intowhichSeriesDCAorSeriesDCAHeritageunits of InvescoCanadaMoneyMarket Fundare switchedona systematic basis underthe InvescoDollar-CostAveraging Service

m Trust Fundmeans aFund that is amutual fund trust

m underlying fundsmeans the InvescoCanadaFunds andothermutual funds, including InvescoPowerShares ETFs andETFsthat aremanagedbya third party, inwhich the Funds invest

Howtouse this SimplifiedProspectus

This SimplifiedProspectus is divided into twoparts.The first part, onpages 1 to58, providesbasic informationaboutmutualfunds andgeneral informationabout all of theFunds.The secondpart, onpages59 to332provides specific informationabouteachFund.

TheGlossary, onpages56 to58, explains termsused in this prospectus.Wehavealsoprovided sidebars in thepagemarginsto answer frequentlyaskedquestions about the information in this prospectus.

Formore information

Youcan findmore informationabout eachFund in:

m TheAnnual InformationForm(AIF)

m TheFund’smost recently filed FundFactsDocuments

m TheFund’smost recently filed annual financial statements, once available

m Any interim financial statements filed after thoseannual financial statements

m Themost recently filed annualmanagement report of fundperformance (MRFP), once available

m Any interimMRFP filed after that annualMRFP

Thesedocuments are incorporatedby reference into this document,whichmeans that they legally formpart of thisdocument just as if theywere printed as part of it.

Fora free copyof these documents, call us toll-free at 1.800.874.6275oraskyourAdvisor.These documents andotherinformationabout theFundsare alsoavailable atwww.invesco.caandwww.sedar.com.


What is a mutual fund and what are the risks of investingin a mutual fund?

What is amutual fund?

TheFundsaremutual funds.Whenyou invest in amutual fund,youcontributeyourcash toa pool of investments alongwithmanyother people. Professionalmoneymanagers use the cash tobuysecurities onbehalfofall the contributors.

Amutual fund invests in different kinds of securities basedon its investmentobjectives. Forexample, aCanadianequity fundbuysmainly shares ofCanadiancorporations,while aCanadianbalanced fund buysmainlyamixofCanadianequities andbonds.ThePowerShares Fundsare either indexmutual funds thatinvest in the securities contained in an index in substantially the sameproportionas theyareheld in the index, or fundof funds that invest (directlyorindirectly) in oneormorePowerShares Funds oroneormoreInvescoPowerShares ETFs (that in turn invest in the same industryorgeographic sectoras thePowerShares Funds).

These securities form themutual fund’s investment portfolio.Thevalue of thesesecurities changes fromday today, reflecting changes in economicandmarketconditions, interest rates and companynews. SeePrice fluctuationonpage5fordetails.

Whatdoyouown?

You receive shares or units in amutual fund inexchange for the cashyoucontribute, and youbecomea shareholderoraunitholderof themutual fund.Youshare in the fund’s income, expenses and capital gains or losseswithreference to thenumberof shares or unitsyouown.

Structure of theFunds

There are two typesof Funds: Corporate Funds andTrust Funds.

EachCorporate Fund is comprisedofoneormore separate classes ofeitherInvescoCorporateClass Inc. or InvescoCanadaFund Inc. (together, the “FundCorporations”),whichareOntariomutual fund corporations.Corporate Fundsoffer tax-deferral benefits tomost investorswhohold their investments innon-registered investmentaccounts. SeeFund corporation riskandSeries riskonpages9and 12 and Income taxconsiderations for investorsonpage48fordetails.

EachTrust Fund is anopen-endmutual fund trustwithoneormore classesgovernedbyaMasterDeclarationofTrust underOntario laws.We, as trustee,hold thepropertyand investments of theTrust Funds in trust fortheunitholders.

YoucanbuyanunlimitednumberofsharesofaCorporateFundandanunlimitednumberof units ofaTrust Fund.

Series of shares andunits

AFundmay issue shares or units in oneormore series. For somepurposes, suchas calculating fees andexpenses, a series of shares or unitsmaybedealtwith


What is thedifferencebetweensharesandunits?

Thecapital of InvescoCorporateClass Inc. and InvescoCanadaFund Inc. isdivided intovarious classes.Generally,eachclass has adifferent pool ofinvestmentswithadistinct investmentobjective. Forexample,TrimarkU.S.CompaniesClass of InvescoCorporateClass Inc. invests primarily in the equitiesofAmericancompanies.Whenyou investin aCorporate Fund,youbuy shares.

TheTrust Fundsaredivided intounits.Whenyou invest in aTrust Fund,youbuyunits.

Both shares andunits of the Fundsareoffered indifferent series. SeeSeries ofsharesandunitsonpages4and 16.

The tax treatmentofdistributionsyoureceive froma funddependsonwhetheryouownsharesor units. See Income taxconsiderations for investorsonpage48fordetails.

separately fromother series of sharesorunits of that Fund. Forother purposes,suchas Fund investmentactivity, all series of shares or units ofa Fundare dealtwith together.

SeeSeriesof sharesandunitsonpage 16 formoredetails on the different seriesof shares andunits available.

AFundmaynotofferall of the series offeredbyanother Fund.The informationprovided in this SimplifiedProspectuswith respect to anyseries ofa Fund isrelevantonly if theFundoffers that series under this SimplifiedProspectus.

Whatare the general risks of investing in amutual fund?

Risk is the chance that your investmentmaynot performasexpected.There aredifferentdegrees and types of risk, but, in general, themore investment riskyouarewilling toaccept, thehigher yourpotential returns and the greater yourpotential losses.

Thegeneral risks include:

Price fluctuation – Thevalueofamutual fund, and theprice of your sharesorunits,will fluctuatedailywith changes in thevalueof the fund’s investments. Asa result, thevalueof your investment in amutual fundmaybemoreor lesswhenyou redeem it thanwhenyoubought it.

Your investment is notguaranteed – Thevalueof your investment in amutualfund is notguaranteed.Unlike bankaccounts orguaranteed investmentcertificates,mutual fund shares or units are not coveredby theCanadaDepositInsuranceCorporationoranyothergovernmentdeposit insurer.

Redemptionsmaybesuspended – Underexceptional circumstances,yourright to redeemyourshares or unitsmaybe suspended. SeeSuspending yourright to redeemonpage27 fordetails.

Whatare the specific risks of investing in amutual fund?

Eachmutual fundalsohas specific risks.ThedescriptionofeachFund, startingonpage61, sets out the risks that apply to that Fund, or in the caseofPowerShares Funds of ETFs, the risks that apply to theunderlyingInvescoPowerShares ETFs.The following, in alphabetical order, is a descriptionofeachof those risks.

Activemanagement risk – All activelymanaged funds aredependenton theirportfoliomanagement teamto select individual securities and, therefore, aresubject to the risk that poor security selectionormarket allocationwill cause anactivelymanaged fund tounderperformrelative toother fundswith similarinvestmentobjectives or to its benchmark index.

Assetallocation risk – Funds that utilize a fund-of-fund asset allocationstrategyare dependenton their portfoliomanagement teamtodetermine theasset allocationmixand select theunderlying funds for investment, andtherefore, these fundsare subject to the risk that poorunderlying fund selectionorasset allocationwill cause a fund tounderperformrelative toother fundswithsimilar investmentobjectives.

Capital depletion risk – Someof the Funds and some series of theFunds (suchas theT-FLEXseries) aim tomake regulardistributions ofcashat a target rate.Such regulardistributionswill generally include returns ofcapital. Investors inthoseFunds shouldmonitor the Fund’s rateof return and compare that to thedistribution rate. If the Fund’s rate of return is less than thedistribution rate,your investment could bedepleted and theamountof futuredistributionswould


What isyour tolerance for risk?

To identify your tolerance for risk,thinkabout:

Theperiodof timeyouhave to invest

Over the short term, stocks tend tobemorevolatile than fixed-incomeinvestments, but theyalso tend toprovidehigherpotential returnsoverperiodsof 10years ormore. If youhavealonger investment timehorizon,youmight beprepared toacceptmore risk.

Your investmentgoals

Your individual investmentgoalswillaffect your risk tolerance. Forexample, ifthe amountyouneed for retirement ismore than theamountyouare currentlysaving,youmaybeprepared toacceptmore risk in exchange forgreaterpotential returns.

Yourportfolioasawhole

Youmaybeable to reduce thevolatilityof youroverall portfolio byholding avarietyofequityand fixed-incomeinvestments. An investment thatmaybetoo risky for youon its ownmaybesuitable as a small percentageofyourportfolio.

Howdomutual fundsmanage risk?

Oneof themost importantways thatmutual fundsmanage risk is bydiversifying their investments. Forexample, stocks generallydonot performequallywell or poorlyat the same time,soequity funds invest in stocks ofmanydifferent companieswithaview toreducing risk.

Investing inamutual fund is aneasywaytodiversify your portfolio becauseyouarebuying an interest in avarietyofdifferent securities.Youcandiversifyyourportfolio further by investing inmore thanonemutual fund. Forexample,youcanchoosemutual funds that investindifferent asset classesorgeographicregions, or havedifferentinvestment styles.

be fora lowercashamount. In extremecircumstances,wemay reduce thetargetdistribution rate.

Commodity risk – SomeFundsmay invest in companies engaged incommodity-focused industries, forexampleoil orgas, ormay invest, directlyorindirectly throughderivatives, in gold or silver.The share priceof thesecompanies and the priceofgold and silver (andas a result, thenet asset valueoftheFundsholding these investments)will be affectedbychanges in thepriceofthese commodities,whichmayoccuras a result ofa numberof factors, includingsupplyanddemand, speculation, central bankand internationalmonetaryactivities, political oreconomic instabilityand changes in interest rates.Thepriceofcommoditiesmay fluctuate significantlyovera short periodof timecausing volatility in a Fund’s net asset value.

Concentration risk – SomeFunds invest in a relatively small numberofsecurities and, as a result, each securitymayconstitute a significant portionoftheFund’s portfolio. Fundsmayalso invest inmany issuers but havea significantportionof theportfolio invested in the securities ofa single issuer, industry,market sectororasset class. In eachcase, this concentration could result in theFundbeing less diversified and, therefore, less liquid (since, forexample, itmaybeharder to sell largeamounts ofa single issuercompared to small amounts ofmany issuers) andmorevolatile (since pricemovements in the concentratedsecuritieswill havea greater impacton thenet asset value of theFundcompared to thepricemovements of securities in amorediversified portfolio).Thevolatilitycanact as a benefit to investorswhen the securities selectedoutperform themarket oradetriment to investorswhen thosesecurities underperform.

Credit risk – Investments indebt securities are subject to certaingeneralinvestment risks in amanner similar to theireffect onequity investments.Themarket valueofa fund is affectedbychanges in theprices of thedebt securitiesit holds. In addition to interest rate riskdescribed elsewhere in this section, anumberof factorsmaycause theprice ofa debt security to decline. Forinvestments in corporate debt securities, these include specific developmentsrelating to the companyandgeneral financial, political andeconomic (otherthan interest rate) conditions in the country inwhich the companyoperates. Forgovernmentdebt securities, this includes general economic, financial andpolitical conditions.These factors, collectively, are knownas credit risk.

Credit risk includes:

m Default risk,which is the risk that the issuerof the debtwill not be able topayinterest or repay the debtwhen it is due.Generally, an increase in thelikelihoodofdefaultdecreases thevalue ofa debt security

m Credit spread risk,which is the risk that the difference in interest rates (called“credit spread”) between the issuer’s bondandabond considered tohavelittle associated risk (suchas aTreasurybill)will increase.Generally, anincrease in credit spreaddecreases thevalueofa debt security

m Downgrade risk,which is the risk that a specialized credit rating agency, suchasStandard&Poor’s, a divisionofTheMcGraw-Hill Companies, Inc.,willreduce the credit rating ofan issuer’s securities.Generally, a downgrade incredit rating decreases thevalueofa debt security

m Collateral risk,which is the risk that itwill be difficult to sell the assets theissuerhas givenas collateral for thedebtor that theassetsmaybedeficient.This difficultycould cause a significantdecrease in thevalueofadebt security


What is adebtsecurity?

Adebt security is anobligationof theissuer to repaya sumofmoney, usuallywith interest, to the lenderwithin a setamountof time.The issuer is usuallyacompanyoragovernment,which raisesmoneyby issuing thedebt security.

Currency risk – Theassets and liabilities ofeachFund, other thanTrimarkU.S.MoneyMarket Fund, arevalued inCanadiandollars. Ifa Fundbuysa securitydenominated in a foreign currency, during the time that theFundowns thatsecurity, for the purposes ofcalculating theNAVof that Fund,we convert, onadaily basis, thevalue of the security intoCanadiandollars. Fluctuations in thevalueof theCanadiandollar relative to the foreign currencywill impact theNAVof theFund. If thevalueof theCanadiandollar has increased relative to theforeign currency, the returnon the foreign securitymaybe reduced, eliminatedormadenegative.Theopposite canalsooccur; that is, a Fund holding a securitydenominated in a foreign currencymaybenefit froman increase in thevalueofthe foreign currency relative to theCanadiandollar. Someportfoliomanagerschoose tomitigate this risk byhedging the foreign currency.

Some foreigngovernmentsmay restrict currencyexchange. Ifwe cannotexchange the currencies inwhich aFund is invested, theFundwill be less liquid.

CertainU.S.-listed InvescoPowerSharesETFswhichare theunderlying fundsfor thePowerShares Funds of ETFs invest in non-Canadian securities anddonothedgeexposure to those currencies.Therefore, thePowerShares Funds ofETFs(other thanPowerSharesQQQClass, forwhich currencyexposure is hedged)will be exposed to fluctuations in these currencies. Securities of suchInvescoPowerShares ETFs trade inU.S. dollars. As a result, for thosePowerShares Funds of ETFs,we seek to reduce theirexposure to fluctuationsbetween theU.S. dollarand theCanadiandollar through theuseofderivativesso that theperformanceof thePowerShares Fund is similar to theperformanceof its corresponding InvescoPowerShares ETF, even though the returnon thatInvescoPowerShares ETF is calculated inU.S. dollars. However, it is difficult tofully hedge this exposure at all times.Therefore, thesederivative transactionsmaynot be fully effective. In addition, these derivative transactionswill exposethoseFunds to certainderivative risks describedbelow.

Derivative risk – TheFundsmayusederivatives to limit potential gains orlosses caused bychanges in exchange rates, stock prices or interest rates.Thisis called hedging.TheFundsmayalsouse derivatives for non-hedgingpurposes,suchas reducing transaction costs, increasing liquidity, gaining exposure tofinancialmarkets, currencies and commodities or increasing speedandflexibility inmakingportfolio changes.

Theuseofderivatives has risks, including:

m There is noguarantee amarket for thederivativewill existwhenaFund wantstobuyor sell

m There is noguarantee that theFund will be able to find anacceptablecounterpartywilling toenter intoa derivative contract

m The counterparty to thederivative contractmaynot beable tomeetits obligations

m A large percentageof theassets ofa Fundmaybeplaced ondepositwithoneormore counterparties,whichexposes the Fund to the credit riskofthose counterparties

m Securities exchangesmaysetdaily trading limits or halt trading,whichmaypreventa Fund fromselling a particularderivative (although this riskdoesnottypicallyapply to theuseofderivatives for hedging forcurrencyexposure)

m Theprice ofa derivativemaynotaccurately reflect thevalue ofthe underlying asset

m Gainsor losses fromderivativesmay result in fluctuations toa Fund’s taxableincome,whichmay in turnnegatively impact a Fund’s ability tomake regular


Whatare derivatives?

Aderivative instrument is usuallyacontract between twopartieswhere thepayments requiredunder the contractarebasedon, orderived from, anagreedunderlying source, suchas themarketprice or valueofanasset (suchas acurrencyora security) oraneconomicindicator (suchas a stockmarket indexora specified interest rate). Derivatives arenot adirect investment in theunderlyingsource itself.

Somecommonderivatives areoptions,forwards and futures:

mAnoptiongives thebuyer the right, butnot theobligation, tobuyor sellcurrencies, commodities or securitiesat a set pricewithin a certain timeperiod.There are call options,whichgive the right tobuy, andputoptions,whichgive the right to sell

mAforward contract is anagreement tobuyor sell currencies, commodities orsecurities fora set price ata specifiedfuture dateor topayanamount basedon the futurevalueofa currency,commodityor security

mAfuture is similar toa forwardcontract, except that the contract istradedona securities orcommodities exchange

distributions or result in distributions that are higher thanotherwise anticipated

Wherea Fundusesderivatives for hedging purposes, there is a risk that thehedging strategymaynot beeffective inmitigating losses. Itmayalso reducetheopportunity forgains due to the costof thehedgeand thenature ofthederivative.

Equity risk – Companies issueequities, or stocks, tohelp finance theiroperationsand futuregrowth.Acompany’s operating results, financial strength,competitive positionandprospects for future growthwill have themostinfluenceon its stockprice over the long term. In addition, the economicenvironment inwhich the companyoperateswill also impact stockprices.Whentheeconomy is expanding, theoutlook formanycompanieswill be positive andthevalueof their stocks should rise.Theopposite is also true. In the short term,investor sentiment canhave a significant impacton stockprices as investorsnecessarily evaluate theuncertaintyofa company’s futurevalue.ThevalueofaFund is affectedbychanges in the prices of the stocks it holds.The risks andpotential rewards areusually greater for small companies, newly publiccompanies, and companies in emergingmarkets. Investments that areconvertible intoequitymayalsobe subject to interest rate risk.

Foreign investment risk – Someof theFunds invest in securities issuedbycorporations in, orgovernments of, countries other thanCanada. Investing inforeign securities canbebeneficial in expanding your investmentopportunitiesandportfolio diversification, but there are risks associatedwith foreigninvestments, including:

m Companies outsideofCanadamaybe subject to different regulations,standards, reporting practices anddisclosure requirements than those thatapply inCanada

m The legal systemsof some foreign countriesmaynot adequately protectinvestor rights

m Political, social oreconomic instabilitymayaffect thevalueofforeign securities

m Foreigngovernmentsmay impose currencyexchange controls that preventaFund fromtakingmoneyoutof the country

m Certain foreigneconomies (particularly emergingmarket economies)maybesmaller, less stable and less transparent, and thereforemorevolatile thandevelopedeconomies

The foreign investment riskassociatedwith securities in developing countriesmaybehigher than the foreign investment riskassociatedwith securities indeveloped countries, asmanydeveloping countries tend tobe less stablepolitically, sociallyandeconomically,maybemore subject to corruptionandmayhave lessmarket liquidityand lower standards of business practicesand regulation.

There arenewU.S. federal tax rules knownas the ForeignAccount TaxComplianceAct (“FATCA”). Beginning in2014, it is expected that FATCAwillimposea30%U.S.withholding taxonU.S. source incomeandgross proceedsfromthedispositionofU.S. securities paid toaCanadianmutual fund (aswell ason certainpaymentsmadebynon-U.S.entities to theCanadianmutual fund). Itis expected that aCanadianmutual fund canavoid this 30%withholding taxbyentering intoanagreementwith theU.S. Internal RevenueService (“IRS”) andbycomplyingwithFATCAreporting requirements, including reportingrequirements relating to investors of themutual fund (generally investorswhoareU.S. taxpayers orwhoareownedbyU.S. taxpayers).Currently, the Funds


intend toenter into (and complywith) FATCAagreementswith the IRS.However,ifa Fund cannotenter into (or reasonablycomplywith) a FATCAagreementorotherwise satisfy the FATCArequirements, the Fundmaybe subject to the30%withholding tax,whichwould reduce theFund’svalue. Even ifa Fund is able tocomply, investorswho fail to complywith information requests (orotherwisewith theFATCArequirements)maybe subject to a 30%withholding taxoncertain amounts paid to themby the Fund, ormaybe required to redeemtheirinvestment in theFund.Theadministrative costofcompliancewithFATCAmaycause theoperating expenses of the Funds to increase, thereby reducingreturns to investors. FATCAmayalso require the Funds toprovide to the IRSprivate and confidential information relating to certain investors.Mostof thedetailed guidance relating toFATCAhasnot yet been released, and thereforethe impactof FATCA, ifany, onanyparticular Fundand its investors isnot known.

Fundcorporation risk – TheCorporate Fundsareoneormore separate shareclassesofeither InvescoCorporateClass Inc. or InvescoCanadaFund Inc.Theliabilities ofeachof theseCorporate Fundsare liabilities of the corporationas awhole. If the liabilities ofaCorporate Fundaregreater than its assets, the otherclassesof the corporationmaybe responsible for those liabilities.

Amutual fund corporation, like amutual fund trust, is permitted to flow throughcertain income to investors in the formofdividends.Theseare capital gains anddividends fromtaxableCanadian corporations.However, unlike amutual fundtrust, amutual fund corporation cannot flow throughother income includinginterest, trust income, foreign sourcedividendsand certain income fromderivatives. If this typeof income, calculated for the corporationas awhole, isgreater than the expenses of the corporation, then the corporationwouldbecome taxable.We track the incomeand expensesofeachCorporate Fundseparately so that if the corporationbecomes taxable,wewould have the ability(althoughwewould not beobligated) to allocate the tax to thoseCorporateFundswhose taxable incomeexceeded expenses.

IfaCorporate Fundbecomes taxable, this could bedisadvantageous for twotypes of investors: investors in a registered planand investorswitha lowermarginal tax rate than theCorporate Fund. Investors in registeredplans donotimmediately pay income taxon income received, so ifa Trust Fundearned thatincome itwould distribute it, and the investors in a registeredplanwould notimmediately pay income tax; as theCorporate Fund cannotdistribute theincome, the investors in a registered planwill pay the income tax indirectly.Thecorporate tax rate applicable tomutual fund corporations is higher than somepersonal income tax rates, dependingon theprovince or territory inwhichyoulive andyourmarginal tax rate. As such, if the income is taxed inside thecorporation rather thandistributed toyou (andyoupay the tax),youmayindirectly payahigher rateof taxon that income.

Index fund risk – Indexing strategies involve tracking the performanceofanindexby tracking the performanceof the investments included in the index. It isunlikely that a fund will be able to track its indexperfectly because the fundhasits ownoperating and trading costs,which lower returns. Indices donot havethese costs. Also, an index fundmay, in basing its investmentdecisions onanindex, havemoreof its net assets invested inoneormore issuers than is usuallypermitted formutual funds. In these circumstances, index fundsmay tend tobemorevolatile and less liquid thanmorediversified funds as theyare affectedmoreby theperformanceof individual issuers.

Further, concentrating its investments in the securities ofa particular indexallowsan index fund to focuson that index’s potential, but it alsomeans that itmay tend tobemorevolatile thana fund that invests in the securities ofavarietyof indices becauseprices of securities on the same index tend tomove


up anddown together.The index fundmust continue to invest in the securitiesof the index, even if the index is performingpoorly.Thatmeans the fundwill notbe able to reduce riskbydiversifying its investments into securities listedonother indices. Also, for Funds that are basedonan indexconcentratedononestockexchange, if the stockmarket uponwhich the index is based is notopen,theFundwill beunable todetermine thenet asset valueofa shareorunit of theFund, and somaybeunable to satisfy redemption requests.

ETFs inwhicha Fund investsmaynot be “actively”managed.Therefore, suchETFswould not necessarily sell a security because the security’s issuerwas infinancial trouble, unless the security is removed fromtheapplicable indexbeingreplicated.As a result, the performanceofanETFmaybe lower than theperformanceofanactivelymanaged fund.

Interest rate risk – Thevalue of Funds that hold fixed-incomesecurities (ordebt)will rise and fall as interest rates change.When interest rates fall, thevalueofanexisting fixed-income securitywill rise.When interest rates rise, thevalueofanexisting fixed-income securitywill fall.Thevalue of fixed-incomesecuritiesthat payavariable (or “floating”) rate of interest is generally less sensitive tointerest rate changes.

Large transaction risk – SomeFundsmayhaveparticular investorswhosubscribe fora significant amountof the shares orunits ofa Fund.Theseinvestors could include specific individual investors but,more typically,would beother Fundsmanagedby InvescoCanada (fund-of-fundsportfolios) orotherinstitutional investorswho include aFundas a componentofoneof theirproducts.These investments entail certain risks.

The initial (ora subsequent) investment bya large investormay increaseaFund’s cash flowbeyondanormal level. As a result, theportfoliomanagermaynot be able to invest thenewcash immediately. If this occurs during a risingmarket, the excess cashcould reduceFundperformance relative to theperformancehad this investment not beenmade.Themanager tries tomitigatethis risk bygiving portfoliomanagers extra notice of incoming large cash flowsor negotiatingwith the investor to subscribe for Fund sharesorunits incrementally.

A redemptionbya large investorcould alsobedisruptive to the Fund inanumberofways.To fund the redemption, theportfoliomanagermayhave to sellportfolio securities earlier than itwould haveotherwise had toabsent the largeredemption.Thismaycause the Fund to realize capital gains earlier thanmighthaveotherwisebeen the case, accelerating capital gains distributions toinvestors.To funda large redemption, a Fundmayhave to sell certainportfoliosecuritiesveryquickly to raise cash. In doing so, the Fund could causea spike inthedaily trading volumeof such securities and this could result in the Fundrealizing a lowerprice than if the securitieswere sold overa longer timeperiod.Themanager tries tomitigate these risks byattempting tonegotiate (or, incaseswhere oneof the Funds is the investor, byobserving),where possible,lengthynotice periods for large redemptions at the timea large investment ismade.Thenotice period affords the portfoliomanager time to sell portfoliosecuritieswithout flooding themarketwithanunduly largenumberof shares asthis could be expected todecrease theprice receivedon the sale of thoseportfolio investments. In addition, the redemptionofa significant investmentwould beunlikely to affect theamountofexpenses allocated toa Fund, but itwould cause the amountofexpenses allocated to remaining investors toincrease,whichwould be reflected in an increase in the Fund’smanagementexpense ratio.

Liquidity risk – A liquid asset trades onanorganizedmarket, suchasa stockexchange,whichprovidesprice quotations for theasset.Theuseofanorganized


Whatare fixed-incomesecurities?

Fixed-incomesecurities aredebtsecurities that typically paya fixedorvariable rate of interest.They includebonds,Treasurybills and commercialpaper. SeeWhat is adebt security?onpage6 formore information.

marketmeans that it should bepossible to convert the asset to cashat, orcloseto, the quotedprice, or the priceused to calculate theFund’s net asset value.

Anasset is considered illiquid if it ismore difficult to convert it to a liquidinvestment suchas cash.Acompany’s securitiesmaybe illiquid if:

m The company is notwell known

m Thereare fewoutstanding shares

m Thereare fewpotential buyers

m Theycannot be resold becauseofa promise oragreement

Also, in highly volatilemarkets, securities, especially debt securities, thatwereconsidered liquid maysuddenlyandunexpectedly become illiquid.

Thevalueofa Fund that holds illiquid securitiesmay rise and fall substantiallybecause the Fundmaynot beable to sell the securities for thevalue thatweusein calculating theNAVof the Fund.There are restrictions on theamountofilliquid securities a Fundmayhold.

Preferredshare risk – Preferred shares are a class ofequity securitywhichpays a specified dividend thatmust be paid before anydividends canbepaid tocommonshareholders, andwhich takes precedenceovercommonshares in theeventof the company’s liquidation.Althoughpreferred shares representa shareownership interest in a company, preferred shares generally donot carry votingrights andhaveeconomic characteristics similar to fixed-incomesecurities. Forinstance, preferred shares are subject tomanyof the risks associatedwithdebtsecurities, including interest rate risk. In addition, preferred sharesmaynot payadividend, an issuermaysuspendpaymentofdividends onpreferred shares atany time, and in certain situations an issuermaycall or redeem its preferredsharesorconvert it to commonshares.

Prepayment risk – Manydebt securities, includingmortgage-backed securitiesand floating rate debt instruments, canbeprepaid beforematurity. If thishappens, thedebt securitycanoffer less incomeand/or potential forcapital gains.

REITrisk/Real estate risk – Investments in real estate-related instrumentsmaybeaffectedbyeconomic, legal, cultural, environmental or technologicalfactors that affect property values, rents oroccupancy rates of real estateunderlying theFund’s holdings. Real estate companies, includingREITs (realestate investment trusts) or similar structures, tend tobe small-cap andmid-cap companies, and their sharesmaybemorevolatile and less liquid.Thevalueof investments in real estate-related companiesmaybeaffectedby thequalityofmanagement, the ability to repay loans, theutilizationof leverageandfinancial covenants related thereto,whether the companycarries adequateinsuranceandenvironmental factors. Ifa real estate-related companydefaults,the Fundmayown real estate directly,which involves the following additionalrisks: environmental liabilities, difficulty invaluing and selling the real estate,andeconomicor regulatorychanges.

Repurchaseand reverse repurchase transactionsandsecurities lendingrisk – AFundmayuse these typesof transactions.Theother party to thesetypes of transactionsmaydefault under theagreementorgobankrupt. If thathappens in a reverse repurchase transactionand themarket valueof thesecurity has dropped, the Fundmaybeunable to sell the securityat theprice itpaid plus interest. If that happens in a repurchaseora securities lendingtransaction, theFundmaysuffera loss if thevalueof the security it sold orloanedhas increasedmore than thevalueof the cashorcollateral theFundholds.


Whatare repurchase transactions?

In a repurchase transaction, theFundsells a security toanotherparty forcashandagrees tobuy the samesecuritybackat a set price and setdate. It is away fortheFund toobtain short-termcash.

Whatare reverserepurchase transactions?

In a reverse repurchase transaction, theFundbuysa securityatoneprice fromanother partyandagrees to sell it back tothe samepartyata higherprice lateron.It is away for theFund toearnaprofit (orinterest) and for theother party toobtainshort-termcash.

Whatare securitieslendingagreements?

Asecurities lending agreement is similartoa repurchase agreement, except that,insteadof selling the securityandbuyingit back later, theFund loans the securityfora fee and candemand the returnofthe securityat any time.Theborrowerprovides theFundwith cashandsecurities as collateral.

To reduce these risks, theFunds require the other party toput up collateral.Thevalueof the collateralmust be at least 102%of themarket valueof the securitysold (fora repurchase transaction), bought (fora reverse repurchasetransaction) or loaned (fora securities lending transaction).Thevalue of thecollateral is checkedand resetdaily.Themarket value of securities sold underrepurchase transactions and loanedunder securities lending agreementsmustnot exceed50%ofa Fund’s assets.This calculationexcludes cashheld byaFundfor sold securities and collateral held for loaned securities.

Series risk – EachFund, andwhere applicable, eachclass,may issuemore thanone series of sharesor units. Each series has its ownfees andexpenses,whichare tracked separately. Ifa Fundand/orclass cannot pay the expensesofoneseries using that series’shareof the Fund’s and/orclass’assets, the Fundand/orclasswill have topay thoseexpensesoutof the other series’shareof theFund’sand/orclass’assets attributable to those series.This could lower the investmentreturnof theother series. Similarly, eachclass has its own fees andexpenses,whichare tracked separately. If oneof the twoclasses cannot pay its expensesusing that class’shareofa Fund’s assets, the otherclasswill be required topaythose expenses outof its shareof the Fund’s assets attributable to the class.Having topayanyexpenseor liabilityof this kind could cause thevalue of yourinvestment to decline even though thevalue of your Fund’s investmentsmighthave increased.Weuseour best efforts tomanageeachclass so that this doesnot happen.

Shortselling risk – Certain Fundsmayengage in short selling. A short saleoccurswhere aFundborrows securities froma lenderwhichare then sold in theopenmarket.TheFundmust repurchase the securities at a laterdate inorder toreturn themto the lender. In the interim, theproceeds fromthe short saletransactionare depositedwith the lenderand theFund pays interest to thelender in respectof theborrowed securities. If thevalue of the securitiesdeclines between the time that the Fundborrows the securities and the time itrepurchases and returns the securities, theFundmakes aprofit for thedifference (less any interest theFund is required to pay to the lender). However,there is a risk that the prices of the borrowed securitieswill rise, and the Fundwill experiencea loss.The Fundmayalsoexperiencedifficulties repurchasingand returning theborrowed securities ifa liquidmarket for the securities doesnotexist. In addition, there is a risk that the lender fromwhomtheFundhasborrowed securitiesmaybecomebankrupt before the repurchase transactionis completed, causing the Fund to forfeit the collateral it has depositedwith thelender for the borrowed securities.

Smallercompany risk – AFundmaymake investments in smallercapitalizationcompanies.These investments are generally riskier than investments in largercompanies for several reasons. Smallercompanies areoften relatively newandmaynot have anextensive track record.Thismaymake itdifficult for themarkettoplace aproper valueon these companies. Someof these companies donothave extensive financial resources and, as a result, theymaybeunable to reactto events in anoptimalmanner. In addition, securities of smallercompanies aresometimes less liquid,meaning there is less demand for such securities in themarketplace at a price deemed fair by sellers.

Specialization risk – AFund that invests primarily in a specific industryorspecific regionsorcountries (“areaofspecialization”)maybemorevolatile thana less specialized fund, and will be stronglyaffectedby theoverall economicperformanceof the area of specialization inwhich the Fund invests.TheFundmust continue to follow its investmentobjectives regardless of the economicperformanceof the area of specialization.

Taxation risk – InvescoCorporateClass Inc. treats gains on the dispositionofsecurities as capital gains for income taxpurposes. If, uponphysical settlement


ofa forward contract, the characterand timingof thegains under suchaforward contractwereother thancapital gains, InvescoCorporateClass Inc.could be subject tonon-refundable income taxat full corporate tax rates, andtheafter-tax returns to investors could be reduced, possibly to anamount lessthan thatwhichwould havebeen realized if investors held an investmentdirectly in the reference fund.

Tracking risk – AFundmayseek tohave its returns linked to the performanceofanunderlying fundbypurchasing shares orunits of theunderlying fund.TheFundmaynot beable to track theperformanceof the underlying fund to theextentdesired for the following reasons:

m TheFundbears its own fees and expenses,whichaffects returns

m Undernormal circumstances, therewill be a onebusiness daydelaybetweenthe timean investor buys shares orunits of theFundand the time theFundgets additional exposure to theunderlying fund.Thepossible impactof suchadelaywill be increased if newpurchases of shares or units are large comparedtoexisting investments in theFund.This “cashdrag” is oftenmore significantin Fundswith relatively smallerassets undermanagement

m AFundmaybepermitted to invest inotherassets. Forexample,TrimarkCanadianBondClass,which invests at least 90%of its net assets in units ofTrimarkCanadianBondFund, canalso invest up to 10%of its net assets inunits ofoneormoreother fixed-incomemutual fundsmanagedbyusoroneofouraffiliates orassociates


Organization and management of the Invesco Canada Funds

Whoorganizes andmanages theFunds?

InvescoCanada is aCanadian investmentmanagement firmownedby InvescoLtd. (“Invesco”). Invesco is an independentglobal assetmanagement company that provides investmentmanagement services to institutions and individual investors.

Whoworkswith theFunds?

Manager

InvescoCanada5140YongeStreet, Suite800Toronto,Ontario M2N6X71.800.874.6275www.invesco.ca

Themanager is responsible for the day-to-daybusiness andoperationsof theFundsand forappointing anysub-advisors.Wemayhire arm’s-length third parties oraffiliates toperformsomeof the services requiredby theFunds.

Trustee

InvescoCanadaToronto,Ontario

Someof the Funds aremutual fund trusts.Whenyou invest inoneofthese Funds,youbuyunits of the trust.The trustee holds title to theseFunds’ investments in trust for theunitholders.

Someof the Funds are classesofa corporation.There is no trustee fortheCorporate Funds.

Seepage4,What is thedifferencebetween shares andunits?

Portfoliomanagerandsub-advisors

InvescoCanada is the portfoliomanagerofeachFund.Anysub-advisor fora Fund is listed in itsfunddescription. InvescoCanada is responsiblefor the investmentadvice that the sub-advisorsprovide.

Theportfoliomanagers and sub-advisorsmanage theFunds’ investmentportfolios or portionsof them, provide analysis andmake investmentdecisions.The sub-advisors for the Funds are part of the Invescogroupofcompanies andaremostly locatedoutsideCanada,whichmaymake itdifficult to enforceyour legal rights against them.

Custodian

RBCDexia Investor ServicesTrustToronto,Ontario

The custodianholds all of theFunds’ investments for safekeeping.

Registrar

International Financial Data Services(Canada)LimitedToronto,Ontario

The registrar keeps a recordof theowners of shares andunits of theFunds.

Auditors

Ernst&YoungLLPToronto,Ontario

Theauditors audit the Funds’annual financial statements andprovide anopinionas towhether theypresent fairly the Funds’ financial position,results and changes innet assets.The auditors are independentofInvescoCanada.


IndependentReviewCommittee

Themandate of the IRC is to review, andprovide inputon, our writtenpolicies andprocedures thatdeal with conflict of interestmatters in respect of the InvescoCanada Fundsand to reviewand, in somecases, approveconflict of interest matters.Thiswill includereviewing the Funds’ holdings, purchases andsales of securities of financial institutions thathave a large investment in an InvescoCanadaFundand associates and affiliates of thosefinancial institutions.The IRCmayalso approvecertainmergers involving the Invesco CanadaFunds and anychange of theauditorof theInvesco Canada Funds. Subject to anycorporate law requirements, investorapprovalwill not be obtained in these circumstances,but youwill be sent awrittennotice at least60 days before the effective date ofany suchmergerorchange ofauditor.

Eachmemberof the IRC is independentof us, the InvescoCanadaFundsandanyparty related tous.Currently, eachmember is alsoanindependentmemberof theboard ofdirectors of InvescoCorporateClass Inc. and InvescoCanadaFund Inc. and of theAdvisoryBoard.TheIRCwill prepare, at least annually, a report of its activities for investors.This reportwill be available onourwebsite atwww.invesco.caor youmay request a copy, at no cost toyou, bycontactingus [email protected].

Additional informationabout the IRC, including thenamesof themembers, is available in theAIF.

Fundof funds

TheFundsmaybuyshares or units ofother InvescoCanadaFunds or InvescoPowerSharesETFs. Ifa Funddoes this,wewillnot vote the sharesorunits held by the Fund.Wemaydecide to flow thosevoting rights to investors in theFund.

Details on theholdings held by thePowerShares Fundsand theunderlying InvescoPowerSharesETFsare available dailyonourwebsite atwww.invesco.ca.


Purchases, redemptions and switches

Series of shares andunits

EachFundmayhave anunlimitednumberof series of sharesorunits andmayissue anunlimitednumberof shares or units ofeach series.ThedescriptionofeachFund starting onpage61 sets out the series of shares or units offeredbythat Fund.

Each series of sharesorunits is intended fordifferent types of investors.Themoney that youandother investors pay topurchase sharesor units ofanyseries is tracked ona series-by-series and class-by-class basis inyour Fund’sadministration records.However, the assets ofall series andofall classes ofanyFundare combined ina single pool to createoneportfolio forinvestment purposes.

SeriesA,SeriesB,SeriesT4,SeriesT6,SeriesT8,Series DCA,SeriesDCAHeritage,SeriesDSC,SeriesSCandSeriesH

SeriesA, SeriesB, Series T4, Series T6, SeriesT8, SeriesDCA, SeriesDCAHeritage, SeriesDSC, Series SCandSeriesH shares or units are available toallinvestors, subject to theminimum investment requirements set forthonpage21of this simplified prospectus.

SeriesA – SeriesA sharesorunits areofferedbyall Funds other thanTrimarkInterest Fund,TrimarkU.S.MoneyMarket Fund,TrimarkCanadianBondClassand InvescoCanadianEquityGrowthClass. SeriesA shares andunits areavailable to all investors, subject to theminimum investment requirements setoutonpage21.

SeriesB – SeriesB shares areofferedonly by InvescoShort-Term IncomeClass.TheSeriesB shares are identical to theSeriesAsharesof InvescoShort-TermIncomeClass except for the fees andexpenses charged.

SeriesT4,SeriesT6andSeriesT8 – SeriesT4, SeriesT6andSeriesT8sharesorunits areofferedonly bycertainFunds.These seriespay the samemanagementandadvisory feeasSeriesAbut havedifferentdistributionpolicies.

SeriesDCAandSeriesDCAHeritage – SeriesDCAandSeriesDCAHeritageunits areofferedby InvescoCanadaMoneyMarket Fund.These series have thesamedistributionpolicy but paydifferentmanagement fees.WehavedesignedSeriesDCAandSeriesDCAHeritageunits of InvescoCanadaMoneyMarketFund toallowyou theopportunity to systematically invest inTransfer Fundsusing the InvescoDollar-CostAveragingService. Please see thedescriptionofthis service onpage31 in the section “Optional Services”.

SeriesDSCandSeriesSC – SeriesDSCandSeriesSCunits areofferedbyTrimark Interest FundandTrimarkU.S.MoneyMarket Fund insteadofSeriesAunits. SeriesSCunits areofferedby InvescoAllocationFund,Trimark IncomeGrowthFund,TrimarkCanadianFundand TrimarkFund.TheSeriesSCunits areidentical to theSeriesAunits of theseFundsexcept for the fees andexpenses charged.

SeriesH – SeriesH sharesorunits areonlyofferedbyTrimarkGlobal BalancedFund,TrimarkGlobal BalancedClass, InvescoGlobal BalancedFund,TrimarkU.S.Companies Fund,TrimarkU.S.CompaniesClass,TrimarkFund,TrimarkGlobalFundamental Equity Fund,TrimarkGlobal Fundamental EquityClass,


Howyourshares orunitsare registered

Your sharesorunits canbe registeredonour recordsdirectly inyournameor inthenameof yourDealeroranIntermediarywhoholds the sharesorunits for you.

If theyare registered inyourownname:

m Youmayhold yourFunds only in anInvescoaccount

m Youwill receive tradeconfirmationsandaccount statements directlyfromus

m Youwill generally be required toprovideuswithwritten transactioninstructions, throughyourDealer

If theyare registered in thenameof your

Dealeroran Intermediary:

m Youcanusually hold yourFundsalongwithother typesof securities, suchasstocks andbonds, inyouraccountwithyourDealeror the Intermediary

m Youwill normally receive tradeconfirmations andaccount statementsfromyourDealeror the Intermediary,rather thandirectly fromus

m YourDealeror the Intermediarywillgive usyour transaction instructions

Certain services offeredbyInvescoCanadaare availableonly foraccounts registered inyourownname.

Regardless of howyouhold yourFunds,you should always consult yourAdvisorbeforemakingany investmentdecisions,includingpurchases, redemptionsor switches.

InvescoGlobalGrowthClass,TrimarkGlobal EndeavourFundandTrimarkGlobalEndeavourClass. Structurally, theseFunds eachoffer separate classesofsecurities; one class is divided intoanumberof series as setout in thisProspectus in their “FundDetails” sectionand theotherclasses consist ofSeriesH,orwhere applicable, eachofSeriesH, SeriesPHandSeries FH.Theseparate classesof securities ofeachof these Funds derive their return fromacommonpool ofassetswitha single investmentobjective and togetherconstitute a singlemutual fund.

Theattributes of SeriesH shares or units are identical to theSeriesAsharesorunits ofeachFundexcept that the returnexperienced bySeriesH shares orunits of the Fundwill reflect the performanceof the Fundafter hedging asmuchof the foreign currencyexposureofeachcurrencyheldwithin the Fundaspossible, subject to certain conditions.

Indetermining thevalueofeachof theseFunds thatwill beattributed toSeriesHsharesorunits ofa Fund, first, themanagerwill determine thevalueofall of thatFund’s portfolio holdings, less thevalue of the foreign currencyhedgingderivatives (and related expenses) entered into for theexclusivebenefit ofSeriesH, and thenwill divide suchamountamongst all of the series of theFundonapro rata basis.Then, forSeriesH, themanagerwill addback thevalueof theforeign currencyhedging derivatives (and related expenses) entered into fortheexclusivebenefit of SeriesH (please note that the portfoliomanagerofeachFund retains thediscretion tohedge its portfolio and if thatdiscretion isexercised,wewill only place additional hedges on theproportionof theFund’sassets representedbySeriesHholders that havenototherwise beenhedged).

SeriesD,Series F,SeriesFH,SeriesF4,SeriesF6,SeriesF8,SeriesP,SeriesPH,SeriesPF4,Series PF6,SeriesPT4,SeriesPT6,SeriesPT8andSeries I

SeriesD, Series F, Series F4, Series F6, Series F8, Series FH, SeriesP, Series PH,Series PF4, SeriesPF6, Series PT4, Series PT6, Series PT8andSeries I sharesor units are available to investors as follows:

SeriesD – SeriesDsharesorunits are available only to investors paying salescharges throughDealerswhohave signedaSeriesDagreementwithus. ASeriesDshare or unit pays a lowermanagementand advisory fee thanaSeriesAshareorunit of the sameFundbecausewepaya lower trailingcommission toyourDealer. If youcease tobe eligible tohold SeriesDsharesorunits,wemayswitchyou toSeriesA shares or units in the sameFundunder theSalesChargeoption. SeeChoosingapurchaseoptiononpage20 fordetails.SeriesDshares orunits ofeachof InvescoAllocationFund, InvescoCanadianBalanced Fund,TrimarkGlobal BalancedFund, InvescoSelect CanadianEquityFund, InvescoCanadianPremierGrowthFund,TrimarkU.S.Companies Fund,TrimarkU.S. Small CompaniesClass andTrimarkGlobal EndeavourFundarecurrentlyclosed tonew investors; however, existing investors inSeriesDofeachsuchFundmaycontinue tobuySeriesD shares or units of suchFund in anaccount that alreadyholds suchSeriesDshares orunits.

SeriesF,SeriesF4,SeriesF6andSeriesF8 – Series F, Series F4, Series F6andSeries F8 shares orunits are available to investorswhohave fee-basedaccountswith theirDealerandwhoseDealer has signedanagreementwith us.Embedded in theSeriesAmanagementandadvisory fee is anamountdesignated forDealercompensation (the trailing commission). However, ifDealerswerepaid a trailing commissionwithin a fee-basedaccount, theywould,in effect, be double paid.Toavoid this outcomeand toensure investors andDealers have the freedomtochooseanappropriateDealercompensationmodel,wehavedesignedSeries F, Series F4, Series F6andSeries F8shares and


units tooffer investors analternativemeansof paying their Dealer forinvestmentadvice andother services. Insteadof paying sales charges, investorsbuyingSeries F, Series F4, Series F6andSeries F8 sharesorunits pay fees totheirDealer for investment advice andother services.Wedonot payanycommissions toDealers in respectof Series F, Series F4, Series F6orSeries F8 sharesorunits, sowechargea lowermanagementandadvisory fee.These series all pay the samemanagement andadvisory fee, but havedifferentdistributionpolicies. Series F, Series F4, Series F6andSeries F8 shares andunits are alsoavailable toothergroups of investors forwhomwedonotpaycommissions.

Ifyoucease tobeeligible toholdSeriesF,SeriesF4,SeriesF6orSeriesF8sharesor units,wemaynotify youandgiveyou30days toonceagainbecomeeligibletohold such series. If you remain ineligible tohold these series after 30days,wemayswitchyou toSeriesA, SeriesT4, Series T6orSeries T8 shares or units,respectively, of the sameFundunder theSalesChargeoption.

SeriesFH – Series FHshares combine the characteristics of Series FandSeriesH shares andunits.Theyare available to investorswhohave fee-basedaccountswith theirDealer (where theDealer has signedanagreementwithus).If youcease tobeeligible tohold Series FHshares,wemaynotify youandgiveyou30days toonce againbecomeeligible tohold such series. If you remainineligible tohold this series after 30days,wemayswitchyou toSeriesH sharesof the sameFundsunder theSalesChargeoption.

SeriesP,SeriesPT4,SeriesPT6andSeriesPT8 (Private Investor series) –Series P, SeriesPT4, Series PT6andSeries PT8shares and units areofferedbythe Invesco IntactivePortfolios and certainother InvescoCanadaFunds, andoffer lowermanagementandadvisory fees compared toSeriesA, SeriesT4,SeriesT6andSeriesT8sharesandunitsof thesameFunds.SeriesP,SeriesPT4,Series PT6andSeries PT8shares andunits are available to investorswhoinvest, in theaggregate, aminimumof$100,000 in sharesorunits of suchseriesof the Invesco IntactivePortfolios and/orof suchother Funds offeringSeries P,Series PF, Series PF4, Series PF6, Series PH, SeriesPT4, SeriesPT6andSeries PT8shares andunits.

If youcease tobeeligible tohold SeriesP, SeriesPT4, SeriesPT6andSeries PT8shares orunits,wemaynotify youandgiveyou30days tomakeanother investment in these series. If your balance stays below theminimuminvestmentamountafter those30days, (i)wemayswitchyou toSeriesA,Series T4, SeriesT6, Series or T8 shares andunits of the sameFundsunder thesamepurchaseoption, or (ii)whereno such series are available,wemayswitchyou intoSeriesAshares of InvescoShort-Term IncomeClass.

SeriesPF,SeriesPF4andSeriesPF6 (Private Investor series) – SeriesPF,Series PF4andSeries PF6 shares andunits combine the characteristics ofSeries Fand SeriesP shares andunits.Theyare available to investorswhohaveboth fee-basedaccountswith theirDealer (where theDealer has signedanagreementwithus) andwho invest, in the aggregate, aminimumof$100,000 insharesorunits of such series of the Invesco IntactivePortfolios and/orof suchother FundsofferingSeriesP, SeriesPF, SeriesPF4, Series PF6, SeriesPH,Series PT4, Series PT6andSeries PT8sharesorunits.

If youcease tobeeligible tohold SeriesPF, Series PF4andSeries PF6 shares,wemaynotify youandgiveyou30days toeithermake another investment inthose series or tootherwiseonce again becomeeligible tohold such series. Ifyourbalance staysbelow theminimum investmentamountor youotherwiseremain ineligible to hold these series after 30days, (i)wemayswitchyou toSeriesA, SeriesP, Series F, Series F4, Series F6, Series PT4, Series PT6,Series T4orSeries T6 sharesof the sameFundsunder the samepurchase


optionor (ii)where no such series are available,wemayswitchyou intoSeriesAsharesof InvescoShort-Term IncomeClass.Our noticewill set out the reasonsforwhichyouare no longereligible to remain in these series andwhat stepsneed tobe taken toavoid a switch.

SeriesPH (Private Investor series) – SeriesPHshares combine thecharacteristics of Series PandSeriesH shares.Theyare available to investorswho invest, in the aggregate, aminimumof$100,000 in shares or units of suchseries of the Invesco IntactivePortfolios and/orof suchother FundsofferingSeries P, Series PF, Series PF4, SeriesPF6, Series PH, Series PT4, Series PT6andSeries PT8shares orunits.

If youcease tobeeligible tohold SeriesPHshares,wemaynotify youandgiveyou30days tomakeanother investment in this series. If yourbalance staysbelow theminimum investmentamountafter those30days,wemayswitchyoutoSeriesH shares of the sameFundsunder the samepurchaseoption.

Series I – Series I shares andunits are special-purpose securities available toother InvescoCanadaFunds andeligible institutional investors orotherpermitted investors and are not sold to the general public. EachSeries I investornegotiates its ownmanagementandadvisory fee that is paid directly tous.Series I shares andunits are notgenerally sold throughDealers, andno salescommissions arepayable toDealers for selling these shares or units.Wemustapprove anyswitch toor fromSeries I sharesorunits.

Howtobuyshares or units of theFunds

Youcanbuyshares or units of theFunds throughanAdvisor.Youmust beof theageofmajority in the provinceor territory inwhichyou live tobuysharesorunits in amutual fund.Youmayhold sharesor units in trust foraminor.

Purchaseprice – Whenyoubuyshares or units in a Fund, thepriceyoupay istheNAVof those shares or units. Each series of sharesorunits ofa Fundhas aseparateNAVpershare or unit. In general,we calculate theNAVforeach shareor unit by:

m taking that series’ proportionate share of the assets of theFund,

m subtracting that series’expenses and its proportionate share of the Fund’scommonexpenses, and

m dividing that number by the total numberofoutstanding shares or units ofthat series.

We calculate theNAV inbothCanadianandU.S. dollars foreach series (otherthanSeriesH, Series FH, SeriesPH, Series I andT-FLEXseries) of theC$/U.S.$NAVFunds.We take theCanadian-dollarNAVandapply the current exchangerate toget theU.S.-dollarNAV.

Wecalculate theNAV inU.S. dollars only for TrimarkU.S.MoneyMarket Fund.

Except forPowerShares Funds ofETFs, ifwe receiveyour purchaseorder before4p.m. ETonaCanadianBusinessDayorbefore theTorontoStockExchange(TSX) closes for theday,whichever is earlier,wewill processyourorder basedontheNAVcalculatedon thatday. Ifwe receiveyourorderafter that time,wewillprocessyourorder basedon theNAVcalculatedon thenextCanadianBusinessDay.

In the caseofPowerShares Fundsof ETFs, ifwe receiveyour purchaseorderbefore4p.m. ETonaCanadian/U.S. BusinessDayorbefore theTSX,NYSEArcaorNASDAQ, as applicable, closes for theday,whichever is earlier,wewill processyourorder basedon theNAVcalculatedon thatday. Ifwe receiveyourorder


after that time,wewill processyourorder basedon theNAVcalculatedon thenextCanadian/U.S. BusinessDay.

Choosingapurchase option – Whenyoubuyshares or units ofour Funds,youmaypaya fee.Thepurchaseoptionyouchoosedetermines theamountof thefeeandwhenyoupay it.Generally,youhave fourdifferent purchaseoptions:

m SalesCharge option.YouandyourDealer negotiate the fee,whichmaybeupto5%of the costof the shares or units, and youpay it toyourDealerwhenyoubuy the shares or units, unlessyoupurchaseSeriesDCAHeritageunits ofInvescoCanadaMoneyMarket Fund, inwhich caseyoupay that feeoneachday that SeriesDCAHeritageunits are switched into theTransfer Fund(s).

mDeferredSalesChargeoption.Youdonot paya feewhenyoubuy the sharesor units. Rather,wepay (orarrange topay) a commission toyourDealerat thetimeof thepurchase. If you redeemthe shares or unitswithin six years ofbuying them,youpaya redemption fee that starts at 6%of theoriginal costanddeclineseachyear. If youbuySeriesDCAHeritageunitsof InvescoCanadaMoneyMarket Fund then the timeperiod duringwhich the redemption fee ispayablebeginsoneachdate thatSeriesDCAHeritageunitsof InvescoCanadaMoneyMarket Fundare switched intoaTransfer Fund. SeeFeesandexpensespayable directly by youonpage40 for the redemption fee schedule.

m LowLoadoption.Youdonot paya feewhenyoubuy the shares or units.Rather,wepay (orarrange topay) a commission toyourDealerat the timeofthe purchase. If you redeemthe shares or unitswithin twoyears of buyingthem,youpaya redemption fee that is 2%of theiroriginal cost. If youbuySeriesDCAHeritageunits of InvescoCanadaMoneyMarket Fund then thetimeperiod duringwhich the redemption fee is payable begins oneachdatethat SeriesDCAHeritageunits of InvescoCanadaMoneyMarket Fund areswitched intoaTransfer Fund.

m LowerLoad4option.Youdonot paya feewhenyoubuy the sharesorunits.Rather,wepay (orarrange topay) a commission toyourDealerat the timeofthe purchase. If you redeemthe shares or unitswithin four years of buyingthem,youpaya redemption fee that starts at 4.5%of theoriginal cost anddeclines eachyear. If youbuySeriesDCAHeritageunits of InvescoCanadaMoneyMarket Fund then the timeperiod duringwhich the redemption fee ispayablebeginsoneachdate thatSeriesDCAHeritageunitsof InvescoCanadaMoneyMarket Fundare switched intoaTransfer Fund. SeeFeesandexpensespayable directly by youonpage40 for the redemption fee schedule.

TheDeferredSalesChargeoptionand theLowerLoad4optionarenotavailablewithin 10 years of the horizondateofan Invesco IntactiveTargetDatePortfolio.Thehorizondate foreach Invesco IntactiveTarget DatePortfolio is Decemberoftheapplicableyear incorporated in its name. Forexample, Invesco Intactive2023Portfolio has ahorizondateofDecember2023.

YourAdvisor is a trained investment professionalwhose job is to helpyouchoose the investments that are suitable for you. It is up toyouandyourAdvisorto chooseanappropriate purchaseoption.Yourchoiceof purchaseoptionwillrequireyou topaydifferent fees andwill affect the amountofcompensationyourDealerand, in turn,yourAdvisorwill receive.You should understand thatnot all Dealers, including yourAdvisor’s sponsoringDealer,make all series orallpurchaseoptions available. SeeFeesandexpensesonpage37andDealercompensationonpage43 formore information.


Someof the series of sharesorunits offeronlycertainpurchaseoptions, asshown in the following chart:

SeriesSalesCharge

optionDeferredSalesChargeoption

LowLoadoption

LowerLoad4option

SeriesAandSeriesPsharesandunits(other than InvescoShort-TermIncomeClass and thePowerShares Funds) „ „ „ „

SeriesAsharesof InvescoShort-TermIncomeClass „ N/A „ N/A

SeriesA, SeriesT4, SeriesT6andSeriesT8sharesandunits of thePowerShares Funds „ N/A N/A N/A

SeriesBsharesof InvescoShort-TermIncomeClass N/A „ N/A „

SeriesDshares andunits „ N/A N/A N/A

SeriesSCunits „ N/A N/A N/A

SeriesDCA „ „ „ „

SeriesDCAHeritage (theavailablepurchaseoptions relate to theTransfer Fundultimately selected) „ „ „ „

SeriesDSCunits N/A „ „ „

SeriesPT4,SeriesPT6,SeriesPT8,SeriesT4,SeriesT6andSeriesT8sharesandunits (other thanthePowerShares Funds) „ „ „ „

SeriesHandSeriesPHsharesandunits „ „ „ „

Series F, Series F4, Series F6, Series F8, Series FH, SeriesPF, Series PF4,Series PF6andSeries I shares andunits haveno sales charges andno feespayable on redemption.

If youarebuyingunits of InvescoAllocationFund,you should choose the samepurchaseoptionand series that applies to the Fundsyouhold in theInvescoRebalancingService.Wewill buy shares or units of theFundsyouchoose for your portfolio in the InvescoRebalancingService using the sameseries andpurchaseoptionyouchose for yourpurchase of units ofInvescoAllocationFund,with someexceptions. See InvescoAllocationFundonpage34 fordetails of theexceptions.

Minimum investment – Theminimum initial investment in anyof theFundsexcept Series P, Series PF, Series PF4, SeriesPF6, Series PH, Series PT4,Series PT6, Series PT8andSeriesDCAandSeriesDCAHeritageofInvescoCanadaMoneyMarket Fund is $500 (CanadianorU.S.).

Theminimum initial investment inSeriesDCAandSeriesDCAHeritageunits ofInvescoCanadaMoneyMarket Fund is (i) $100,000where theTransfer Fundsare comprisedof Series P, Series PF, Series PF4, Series PF6, SeriesPH,Series PT4, Series PT6andSeries PT8sharesorunits, and (ii) $1,000 forallother series of theTransfer Funds. Eachadditional investment inSeriesDCAandSeriesDCAHeritageunits of InvescoCanadaMoneyMarket Fundmust beat least $1,000 regardless of theTransfer Funds chosen.

Theminimumamount for investment inSeriesP, Series PF, SeriesPF4,Series PF6, SeriesPH, SeriesPT4, SeriesPT6andSeries PT8sharesorunits of


theFunds, in theaggregate, is $100,000.However, thisminimumamountmayalsobe spreadamonga) yourqualifying account typeswithyourAdvisor, andb) shares orunits of such series ofanyof the InvescoCanadaFunds offeringSeries P, SeriesPF, Series PF4, SeriesPF6, Series PH, Series PT4, Series PT6andSeries PT8.The initialminimum investmentmayalsobewaived if suchseries arepurchased fromanaccount that is part ofa “financial group”withaggregate total assets ofat least $100,000.A “financial group” includesaccounts held bya single investor, their spouseor familymembers residing atthe sameaddress, aswell as corporate accounts forwhich the investororothermembersof the financial groupbeneficiallyownmore than50%of thevotingequity.We reserve the right to switch sharesorunits of SeriesP, Series PF,Series PF4, SeriesPF6, Series PH, Series PT4, Series PT6andSeriesPT8 toother series of the sameFunds or toSeriesAshares of InvescoShort-TermIncomeClass if youraccount(s) fall(s) below the requiredminimumamount.Wewill notify youandgiveyou30days tomakeanother investment prior toswitching yououtof these series.

Theminimum initial investment for participation in the InvescoRebalancingService inyour InvescoWealthManagement program is $10,000 (CanadianorU.S.) exceptforSeriesP,SeriesPF,SeriesPF4,SeriesPF6,SeriesPH,SeriesPT4,Series PT6andSeries PT8sharesorunits of the Funds,where theminimuminitial investment is $100,000.

ClosedFundsandseries – SeriesD sharesorunits ofeachof InvescoAllocationFund, InvescoCanadianBalanced Fund,TrimarkGlobal BalancedFund,InvescoSelect CanadianEquity Fund, InvescoCanadianPremierGrowthFund,TrimarkU.S.Companies Fund,TrimarkU.S. Small CompaniesClass andTrimarkGlobal EndeavourFundare currentlyclosed tonew investors.Onlyexistinginvestors in suchSeriesDsharesorunits ofeach suchFundmaycontinue tobuySeriesDshares or units of suchFund inanaccount that alreadyholds suchSeriesDshares or units. Shares ofTrimarkCanadianBondClass are currentlyclosed tonew investors; however, existing investorsmaycontinue tobuysharesof this Fund inanaccount that alreadyholds sharesof this Fund.

InvescoAllocationFund – InvescoAllocationFund is onlyappropriate forinvestorswho invest in Funds in the InvescoRebalancingService.The followinginvestors arenoteligible tobuyunits of InvescoAllocationFund:

m Institutional investors

m InvestorswhoseDealeror Intermediarydoesnotmake theInvescoRebalancingService available

m Investorswhoare notCanadian residents

Howweprocessyourorder – YouandyourAdvisorare responsible forensuringthat your purchaseorder is accurate and thatwe receive all thenecessarydocuments or instructions.

Wemust receive full paymentwithin three business days (withinonebusinessday for InvescoCanadaMoneyMarket Fund, InvescoShort-Term IncomeClass,Trimark Interest FundandTrimarkU.S.MoneyMarket Fund) of processing yourorder. If wedonot receive paymentwithin that timeor if the payment isreturned,wewill sell your shares or units on theday thatweare notified thatwehavenot receivedpaymentor that thepayment is returned. If the proceedsaregreater than theamountyouoweus, theFundwill keep the difference. If theproceeds are less than theamountyouoweus,yourDealerwill pay thedifference to the Fundandyoumayhave to reimburseyourDealer.

Wemayacceptor reject yourorderwithinonebusiness dayof receiving it.Toreduce theadverse effect to existing investors of large redemptions in a Fund,wemay reject yourorder if itmakesyouaholderof 10%ormoreof the Fund’s


netassets. If weaccept yourorder,youwill receive awrittenorelectronicconfirmation fromusand/or yourDealeror the Intermediary. Ifwe reject yourorder,wewill returnyourmoney toyouwithout interest.

If youpurchase sharesorunits that are registered inyourownname (“ClientNameAccounts”),yourDealermayplace trades (including redemptions andswitches) through the FundSERVnetwork,whichprovides a transactionprocessing systemusedbysomemutual funds inCanada.The FundSERVnetworkhas sponsored an initiative, inwhich InvescoCanadaparticipates, toreduce thepaper flow for investors holding securities inClientNameAccounts.As such,yourDealermayenter into anagreementwith InvescoCanada thatallows it tohold original supporting documentation, and in those cases,InvescoCanadawill not receive copiesofanywritten client authorizations butwill relyon theDealer havingobtained suchauthorizationsbyvirtueof theorderbeingplaced through theFundSERVnetwork.

Wewill not accept cash, certainmoneyorders, travellers’cheques orcertainothercheques. Ifwe receiveyour investment but the documentation in respectof yourpurchase is incomplete or youhavenotmet theminimum investmentrequirement,wemay invest yourmoney intoSeriesDCAHeritageunits ofInvescoCanadaMoneyMarket Fund.An investment in InvescoCanadaMoneyMarket Fundwill earnyoudaily interest until we receive complete instructionsregardingwhichFund(s) youhave selected and all documentation in respectofyourpurchase is received ingoodorder.Your total investment, includinginterest,will thenbe switched into theFund(s) youhave chosenunder thepurchaseoption that youhave selected at theNAVof theFund(s) on thatswitchdate.

If youbuyunits of InvescoAllocationFund in anaccount thatdoes not haveanactive InvescoRebalancingService,wemayswitch thoseunits intoSeriesDCAHeritageunits of InvescoCanadaMoneyMarket FundunlessyouactivateyourInvescoRebalancingServicewithin90days. Seepage33 formore informationon the InvescoWealthManagement program.

Certificates – Wedonot issue certificates for shares or units of theFunds.

Assignments – Youmayassign shares or units of Fundsheld in an Invesco-administered non-registered accountor TFSAtoaCanadianbank, trustcompanyorcredit union.Youmaynotassign sharesor units held in trust foraminor, units of InvescoAllocationFund, SeriesDCAorSeriesDCAHeritageunitsof InvescoCanadaMoneyMarket Fundor shares orunits held in theInvescoRebalancingService.To switchor redeemyour sharesorunits that havebeenassigned,youmust provideuswith a consent letter fromthe assignee.

Howto redeemyourshares orunits

If youwant to redeemanyof your shares or units of theFunds, contact yourAdvisor,whomayaskyou to complete a redemption request form.

Wewill pay you the currentNAVfor your shares orunits, less the redemptionfees describedbelow. Except for PowerShares Funds of ETFs, ifwe receiveyourredemption request before4p.m. ETonaCanadianBusinessDayorbefore theTSXcloses for theday,whichever is earlier,wewill calculateyour redemptionvalue asof thatday. Ifwe receiveyour redemption request after that time,wewill calculateyour redemptionvalue asof thenextCanadianBusinessDay.

In the caseofPowerShares FundsofETFs, ifwe receiveyour redemptionrequest before4p.m. ETonaCanadian/U.S. BusinessDayorbefore theTSX,NYSEArcaorNASDAQ, as applicable, closes for theday,whichever is earlier,wewill calculateyour redemptionvalue asof thatday. Ifwe receiveyour


redemption request after that time,wewill calculate your redemptionvalue asof thenextCanadian/U.S. BusinessDay.

Special rulesmayapply if:

m Your redemptionproceeds aregreater than$25,000

m Youaskus topay your redemptionproceeds toadifferent payee (whichmaynot bepermitted in certain circumstances) or to sendyour redemptionproceeds toanaddress that is different fromtheone recorded foryouraccount

m Youaskus topay your redemptionproceeds byelectronic transfer to abankaccount that is not jointly held byall joint owners onyour Invescoaccount

m Acorporation, partnership, agent, fiduciaryor surviving joint owner isredeeming shares or units

These rules are setout in theAIFandare alsoavailable fromyourAdvisor.

Redemption fees – Whenyou redeemshares or units bought under theDeferredSalesCharge, LowLoador LowerLoad4options,youmaybe chargedredemption fees.Theamountof those fees depends (a) on thepurchaseoptionyouchosewhenyoubought the shares or units (or, if the shares or unitswereacquiredona switch fromSeriesDCAHeritageof InvescoCanadaMoneyMarket Fund, oneachdate that SeriesDCAHeritageunits of InvescoCanadaMoneyMarket Fundare switched into theTransfer Fund(s)), and (b) how longyouhaveheld the shares or units under the purchaseoption. SeeChoosingapurchaseoptiononpage20 fordetails. If youhaveheld the sharesorunits forless than90days, or in the caseofPowerShares Funds, 30days,youmayalsopaya short-term trading fee.

DeferredSalesCharge, LowLoadandLowerLoad4options – Whenyouredeemsharesorunits that youbought under theDeferredSalesChargeoptionwithin six years of buying them,youpaya fee.The fee is a percentageofwhatyoupaid for the shares or units, and itdeclines eachyear that youhold thesharesorunits. SeeDeferredSalesChargeoptiononpage20 fordetails.

Whenyou redeemsharesorunits that youbought under theLowLoadoptionwithin twoyears of buying them,youpaya feeof 2%of theoriginal cost of yoursharesorunits. SeeLowLoadoptiononpage20 fordetails.

Whenyou redeemsharesorunits that youbought under theLowerLoad4optionwithin four years of buying them,youpaya fee.The fee is a percentageofwhat youpaid for the shares or units, and it declines eachyear that youhold thesharesorunits. SeeLower Load4optiononpage20 fordetails.

If youchose theDeferredSalesCharge, theLowLoador theLowerLoad4options fora Fundand then switched intoanother InvescoCanadaFund, theredemption fee for thenewsharesor unitswill generally bebased on theoriginal purchasedate and cost before the switch.The redemption fee schedulecannot be transferred for switches to aFundby investorswhopurchasedCoreBundles or InvescoAllocationFundprior toApril 24, 2008andwhocontinue topurchaseunder theDeferred SalesChargeoptionavailable on theCoreBundlesand InvescoAllocationFundprior toApril 24, 2008 (the “CappedDeferredSalesCharge”).

There is no redemption fee for sharesorunitsyou received fromreinvesteddividendsordistributions.

Orderof redemption – Your shares or units bought under theDeferredSalesCharge, theLowLoadand theLowerLoad4options are redeemed in thefollowingorder:


What if these redemption feeschangein the future?

The redemption feeswill be those thatwere ineffectwhenyoubought thesharesorunits.

m Shares or units forwhich the redemption fee schedule indicates nocharge ispayable because, in the caseof sharesorunits held under i) theDeferredSalesChargeoption,youhaveheld such sharesorunits for six years ormore,ii) the LowLoadoption,youhaveheld such shares or units for twoyears ormore, or iii) theLowerLoad4option,youhaveheld such shares orunits forfour years ormore (also knownas “matured shares or units”)

m Shares or units thatqualify for free redemptionentitlement (forDeferredSalesChargeandLowerLoad4options only). SeeDeferredSalesChargeandLowerLoad4options’ 10%free redemptionentitlementbelow

m Shares or units that have a fee remaining, startingwith those thatwillmaturefirst (generally those that have the lowest fee rate)

m Reinvesteddividendsordistributions

DeferredSalesCharge andLowerLoad4options’ 10%free redemptionentitlement – If youbought sharesorunits under theDeferredSalesChargeortheLowerLoad4options, eachyear youcangenerally redeemat nocharge:

m up to 10%of thenumberof sharesorunitsyouheld onDecember 31 of thepreviousyear, plus

m up to 10%of thenumberof sharesorunitsyouboughtor received asreinvesteddividendsanddistributionsduring the current year.

Youcannot carry forward yourunused free redemptionentitlement to thenext year.

Wewill deduct theamountofanycashdistributionsyouhave received fromyour free redemptionentitlement.

Wewill reduceyour free redemptionentitlement by thenumberofmaturedsharesorunitsyouhold.Your free redemptionentitlementwill be reduced tozero if yourmatured shares or units are equal toorgreater thanyour 10%freeredemptionentitlement.

There is no free redemptionentitlement for sharesor units bought under theLowLoadoption.

SalesCharge option –Youdonot paya fee for redeeming sharesorunits thatyoubought under theSalesChargeoption.

SeriesF,SeriesF4,SeriesF6,SeriesF8,SeriesFH,SeriesPF,SeriesPF4,SeriesPF6andSeries I – Youdonotpaya fee for redeemingSeriesF, SeriesF4,Series F6, Series F8, Series FH, SeriesPF, Series PF4, SeriesPF6orSeries Isharesorunits.

Market timingandexcessive short-termtrading – In general, the Funds, otherthanmoneymarket funds, are long-term investments. Some investorsmayseekto tradeor switch frequently to try to take advantageof the difference betweentheFund’sNAVand thevalueof theFund’s portfolio holdings.This activity issometimes referred toas “market timing”. Frequent tradingor switching inorder to time themarketorotherwise canhurt a Fund’s performance, affectingall the investors in a Fundby forcing theFund to keep cashor sell investments tomeet redemptions.Weusea combinationofmeasures todetect anddetermarket-timing activityandexcessive short-term trading, including:

mmonitoring trading activity inourclient accounts,

m imposing short-termtrading fees and, ifa client continues toattempt suchtrading activity, declining trades, and

m applying fair valuepricing to foreignportfolio holdings indetermining theprices ofour Funds.


What if I hold shares orunits in oneFundwithdifferentpurchaseoptions?

Supposeyoubought sharesorunits ofaFundunderonepurchaseoptionandlater boughtmore sharesor units of thesameFundunderadifferent purchaseoption.Whenyou requesta redemption,youor yourAdvisorwill have to tell uswhichof the sharesor unitsyouwantredeemed, soweknowwhich redemptionfee toapply, ifany.

What is anexampleofafree redemption?

Supposeyou invested$1,000 ina Fundunder theDeferredSalesChargeor theLowerLoad4optionswhen theNAVwas$10perunit andyou received 100units.TheFundmadeadistributionof$1 perunit that sameyear. If you reinvested thedistribution,youwould have received 10units (withaNAVof$10), soyouwouldnowhold 110units.The 10%freeredemption is calculated as follows:

10%of 100original units = 10units10%of 10units receivedasreinvesteddistribution = 1 unit

Total = 11 units

If theNAVperunit is $10,your total freeredemptionvalue is $110.

Whileweactively take steps todetect anddetermarket-timing activityandexcessive short-term trading,we cannotensure all suchactivity is completelyeliminated. In certain instances, a financial institutionmay invest in a Funddirectlyor indirectlyonbehalfofmultiple investorswhose individual tradingactivity is not recordedonour transferagency system.

Short-termtrading fees – If you redeemorswitchwithin90daysof purchase,orwithin30days of purchase in the case ofPowerShares Funds,wemaychargea short-term trading feeonbehalfof theFund in circumstanceswherewedetermine that the trading activity representsmarket timing and/orexcessiveshort-termtrading.This is in addition toany redemptionor switch fees that youmaypay. SeeFeesandexpensespayabledirectly by youonpage40. Eachadditional switch counts as anewpurchase for thepurposeofdeterminingwhethera short-term trading fee is applicable. No short-termtrading fees arechargedonswitches in the InvescoRebalancingService resulting fromastrategic rebalancing transaction, switchesmadeona systematic basis underthe InvescoDollar-CostAveragingService, redemptionsmadeunderasystematicwithdrawal plan (SWP), redemptions or switches fromamoneymarket fund or redemptions thatmayoccurwhenan investor fails tomeet theminimum investmentamount for the Funds. In addition, certainDealer-sponsored rebalancingprogramsare also exempt fromshort-term trading fees.SeeSwitch feesonpage28andMinimum investmentonpage21 fordetails.

Short-term trading fees aremeant tohelp protect long-termfund investors andreducemarket timers’arbitrageopportunities, and as such,wedonot imposefeeswhere the interests of long-term investors arenot harmedbyshort-termtrades, suchas in the circumstances described above. Forexample, forrebalancing transactions investors typically establishpre-determinedguidelines to initiate switches or redemptions, so such transactions ordinarilyoccuroutside the timeframe that short-term trading concerns are an issue.

Fair value pricing – Our fair valuepricing techniques involve assigning avalueto the Fund’s portfolio holdings,whichmay, in the caseof securities tradedonanexchange, differ fromthe closing price on theexchange.Wedo thiswherewehave ingood faithdetermined that todo sobetter reflects the currentmarketvalueof the securities in question.

TheTSXgenerally closes at 4p.m. ET.Weprice aFund’s equity holdingsusingtheirmarket values as of4p.m. ET. For securities traded onNorthAmericanmarkets, the closing prices aregenerallyanaccurate reflectionofmarket valuesat 4p.m. ET. However, closing prices on foreign securities exchangesmay, incertain cases, no longeraccurately reflectmarket values. Events affecting thevalues of the Fund’s foreignportfolio holdingsmayhaveoccurred after theforeignmarket closedbut before4p.m. ET.Absentour fair valuepricingprocedures, theseeventswould not be captured in a Fund’sNAV.Weemploy fairvaluepricing for twopurposes. It increases the likelihood that a Fund’sNAVtrulyreflects thevalue of its holdings at the time theFund’s price is determined. Italso acts todetermarket-timing activity bydecreasing the likelihood that aninvestor is able to take inappropriate advantageofmarketdevelopments thatoccur following the foreignmarket close andprior to4p.m. ET.

Howweprocessyour redemption request – Wewill payyou theproceedsofyour redemption requestwithin threebusiness daysof receiving all the requireddocuments or instructions.Wewill deduct any redemption fees andwithholdingtax fromthepayment.

If youraccount is registered in thenameof yourDealeroran Intermediary,wewill send theproceeds to that account unlessyourDealeror the Intermediarytells us otherwise.


If youraccount is registered inyour name,wewillmail youa chequeunlessyoutell us todeliver the proceedsbyElectronic FundsTransfer (EFT) toyourCanadian-dollaraccount at aCanadianbank, trust companyorcredit union. Ifyouchoosepayment byEFT,youneed to sendusan imprinted void cheque sowecandeposit the funds directly intoyouraccount.

Ifwedonot receive all thenecessarydocuments or instructionswithin 10business days of receiving your redemptionorder,wewill buyback the samenumberof shares or units onyour behalfon the 10thbusiness dayafter theredemption request. If the sale proceedsare greater than the cost, the Fundwillkeep thedifference. If the sale proceeds are less than the cost,yourDealerwillpay the difference to theFundandyoumayhave to reimburseyourDealer.

Automatic redemption – Becauseof thehigh costofmaintaining smallaccounts, investors in theFunds, other than theSeriesDCAandSeriesDCAHeritageunits of InvescoCanadaMoneyMarket Fund,must keepat least $500(CanadianorU.S.) in theiraccounts. If youraccount falls below$500,wemaynotify youandgiveyou30days tomakeanother investment. If youraccountstays below$500after those 30days,wemay redeemall of the shares andunits inyouraccountand send theproceeds toyou.

Investors in theSeriesDCAandSeriesDCAHeritageunits of InvescoCanadaMoneyMarket Fundmust invest theminimum investmentas set forthonpage22 inSeriesDCAandSeriesDCAHeritageunits of InvescoCanadaMoneyMarket Fund, respectively. If thebalance in theSeriesDCAorSeriesDCAHeritageunits of InvescoCanadaMoneyMarket Fund falls below thatminimuminvestment threshold becauseyouhave redeemedunits,wemaynotify youandgiveyou30days tomakeanother investment in the Fund. If your balance staysbelow$1,000, after those30days,wemayeither switchyourSeriesDCAorSeriesDCAHeritageunits of InvescoCanadaMoneyMarket Fund intoSeriesAunits of the Fundorwemay redeemall theSeriesDCAorSeriesDCAHeritageunits of InvescoCanadaMoneyMarket Fundand send theproceeds toyou.

Investors inSeries P, Series PF, Series PF4, Series PF6, Series PH, SeriesPT4,Series PT6andSeries PT8havehigherminimum investment requirements.Wereserve the right to switch sharesorunits of SeriesP, Series PF, SeriesPF4,Series PF6, SeriesPH, SeriesPT4, SeriesPT6andSeries PT8 toother series ofthe sameFunds or toSeriesA sharesof InvescoShort-Term IncomeClass if youraccount(s) fall(s) below the requiredminimumamount.Wewill notify youandgiveyou30days tomakeanother investment prior to switching yououtof theseseries. SeeMinimum investmentonpage21 formoredetails.

We reserve the right to redeem,without notice toyou, all of the shares orunitsthat youhold in a Fund if your investment in that Fund falls below$50.Wealsointend toobserveall redemptionpolicies thatmaybe implemented fromtime totimeby industry participants suchas FundSERV.

Suspendingyour right to redeem – Canadian securities regulators allowus tosuspendyour right to redeemyoursharesorunitswhen:

m normal trading is suspended in anymarketwhere securities orderivativesthatmakeupmore than50%of the Fund’s total value are tradedand there isnoothermarketorexchange that represents a reasonable alternative, or

m Canadian securities regulators consent.

Ifwe suspend redemption rights after youhave requested a redemptionandbeforeyour redemptionproceeds havebeendetermined,youmayeitherwithdrawyour redemption requestor redeemyour sharesorunits at theNAV


If I buysharesorunits inCanadiandollars,can I redeemthem inU.S.dollars?

No.Wewill payyou in the samecurrencyyouused tobuy the sharesorunits.

determinedafter the suspensionperiod ends.Wewill not accept orders tobuysharesorunits ofa Fundduring any redemption suspensionperiod.

Howtoswitchyourshares orunits

There are twodifferent typesof switches.The first typeof switch involves achange inyour investment: you sell youroriginal shares or units ofa Fundandbuynewsharesorunits ofa different InvescoCanadaFund.You,with theassistanceof yourAdvisor,maydecide tomake this kindof switch in the courseof rebalancing your investment portfolio, forexample, or if your investmentobjectives change.

The second typeof switch involves a change in thebusiness relationshipbetweenyouandyourAdvisor.When this happens,you,withyourAdvisor’sassistance,maydecide to switchbetweendifferent series of the sameFundorchange the purchaseoption that applies toyour Fund holdings. It is possible, butgenerally not advisable, tomake switchesbetweenpurchaseoptions of thesameFund. Retaining youroriginal purchaseoptionwill avoid anyunnecessaryadditional charges. SeeSwitchingbetweenpurchaseoptionsonpage30.

Investors switching intoSeriesP, SeriesPF, SeriesPF4, Series PF6, SeriesPH,Series PT4, Series PT6orSeriesPT8shares of the Fundsmust have aminimumamountof $100,000, in theaggregate, invested in anysuch shares andunits.SeeMinimum investmentonpage21 formoredetails.

Youmust place all switchorders throughyourAdvisororDealer.

Taxconsequences of switching – If you switchbetweenFunds or toanotherInvescoCanadaFund (anddonot hold your investment in a registeredplan),youwill generally realize a capital gainor loss. However,youwill not realize a capitalgainor loss on switchesbetween:

m Series of the sameFund (where such switches arepermitted) other thanswitches toor fromSeriesHofaTrust Fund

m ACorporate FundandanotherCorporate Fund that is a class of thesamecorporation

See Income taxconsiderations for investorsonpage48 formore details.

Switch fees – YourDealermaychargeyoua feeof up to2%of the amountyouswitch.YouandyourAdvisor negotiate the fee.

In general,yourDealermay receive a switch feeora sales commission for yourswitch, but not both.YourDealerwill not receive a switch fee ora salescommission if you switchbetweenanyofSeriesPT4, SeriesPT6, SeriesPT8,Series T4, SeriesT6orSeriesT8ofa Fundand retain the samepurchase optionor if you switchbetweenanyofSeries F4, Series F6, Series F8, SeriesPF4orSeries PF6ofa Fund.

Youmayalsohave topaya short-term trading fee if you switch sharesorunitsyouboughtor switched into in the last 90days, orwithin30days in the caseofPowerShares Funds. SeeMarket timingandexcessive short-term tradingonpage25andShort-term trading feesonpage26.

No switch fees are charged:

mOnswitchesbetweenseries of the sameFund (where such switches arepermitted), including switches toand fromSeriesH, Series FHand SeriesPH

mWhereyouare switching toor fromSeries F, Series F4, Series F6, Series F8,Series FH, SeriesPF, Series PF4, SeriesPF6orSeries I sharesorunits

No switch fees andnoshort-termtrading fees are charged:


mOnswitchesbetween InvescoAllocationFund and the InvescoCanadaFundsyouhold in the InvescoRebalancingService

mOnswitchesbetween InvescoCanadaFundsyouhold in theInvescoRebalancingService if the switch is the result of rebalancing yourchosenportfolio in the InvescoRebalancing Service

mOnsystematic switches fromSeriesDCAorSeriesDCAHeritageunits ofInvescoCanadaMoneyMarket Fund to theTransfer Funds

Switchingbetweenseries – If youwish to switch toadifferent series of sharesor units ofa Fundyoucurrently hold or toa different series of shares or units ofa different InvescoCanadaFund,youmust be eligible topurchase thenewseries. SeeSeries of shares andunitsonpage 16and the simplifiedprospectusesof theother InvescoCanadaFunds foreligibility details.

Wedonot permit switches fromSeries SCunits toSeriesAunits of thesameFund.

The following are somemore thingsyou should keep inmindabout switchingbetweenseries:

m If youare no longereligible tohold SeriesD, Series F, Series FH, Series F4,Series F6orSeries F8 shares orunits,wemayupon30days notice switchyoutoSeriesA, SeriesH, Series T4, SeriesT6orSeriesT8 sharesorunits of thesameFundunder theSalesChargeoption. Because this is a switchbetweenseriesof thesameFund (and, in thecaseofaswitchfromSeriesFHtoSeriesH,a switchwithin aCorporate Fund), it is not a taxable disposition. Switch feescannot be charged

m If youare no longereligible tohold Series P, SeriesPH, Series PT4, Series PT6orPT8sharesorunits ofa Fund,wemayupon30daysnotice switchyou toSeriesA, SeriesH, SeriesT4, Series T6orSeries T8 shares or units of thesameFund, respectively, or toSeriesAshares of InvescoShort-Term IncomeClass, under the samepurchaseoption. Because this is a switchbetweenseries of the sameFund (and, in the caseofa switch fromSeriesPH toSeriesH, a switchwithin aCorporate Fund) or betweenclasses of the samecorporatation, it is not a taxable disposition. Switch fees cannot be charged

m If youare no longereligible tohold Series PF, Series PF4orSeriesPF6 sharesorunits ofa Fund,wemayupon30daysnotice switchyou toSeriesA, Series F,Series F4, Series F6, SeriesP, Series PT4, Series PT6, Series T4orSeriesT6 shares or units of the sameFund or toSeriesAsharesofInvescoShort-Term IncomeClass, under the samepurchaseoption.Thedecisionas towhich seriesyouare switched intowill typically dependon thereasonunderlying whyyouareno longereligible tohold Series PF, SeriesPF4orSeriesPF6 shares or units. Forexample, if youareno longereligible toholdSeriesPFsharesorunits becauseyouhave fallenbelow theminimuminvestment requirement,your sharesorunitswill be switched intoSeries F.Because this is a switchbetweenseries of the sameFund orbetweenclassesof the samecorporatation, it is not a taxable disposition. Switch fees cannotbe charged

m If you switch fromshares orunits of theFundsunder theDeferredSalesCharge, theLowLoador theLowerLoad4options tonewsharesorunitsunder the samepurchaseoption,your newshares or unitswill generally (withsomeexceptions for investorswhopurchasedCoreBundles orInvescoAllocationFundprior toApril 24, 2008andwhocontinue topurchaseunder theCappedDeferredSalesChargeoption) have the same redemptionfee schedule asyouroriginal sharesorunits


m If you switch fromSeries F, Series F4, Series F6, Series F8, Series PF,SeriesPF4orSeriesPF6 shares or units toSeriesA, SeriesDCA, SeriesDCAHeritage, SeriesP, Series, PT4, Series PT6, Series PT8, Series T4, Series T6orSeriesT8shares or units,you canchoose tohave anyof the fouravailablepurchaseoptions apply toyour newshares or units (other than for thePowerShares Funds). For SeriesDCAHeritage, the available purchase optiondepends on theTransfer Fundyouselect

m If you switch fromSeriesHunits ofa Trust Fund toanother series of the sameFund, it is a taxable disposition

m Anyswitch toor fromSeries I sharesorunits is subject toourpriorwrittenapproval

Switching toand fromCoreBundles purchasedunder theCappedDeferredSalesChargeoption – Switches that involve theCoreBundles purchasedpriortoApril 24, 2008under theCappedDeferredSalesChargeoptionandotherInvescoCanadaFunds aremore restricted becauseof theunique featuresof theCoreBundles. Here are someadditional thingsyou should keep inmindaboutthese switches:

m If you switch fromshares orunits ofan InvescoCanadaFundunder theDeferred SalesChargeoption to sharesofaCoreBundle under theCappedDeferred SalesChargeoption,youmust payany remaining redemption feeandanew redemption fee schedulewill apply

m Youwill keep the same redemption fee schedule if you switch fromaCoreBundle under theCappedDeferred SalesChargeoption toeitherInvescoShort-Term IncomeClass or Trimark Interest Fundand thenback toaCoreBundle under theCappedDeferredSalesChargeoption. In thesecircumstances,youmayswitchback toaCoreBundle under theCappedDeferred SalesChargeoptiononly if you retained some shares ofaCoreBundle under theCappedDeferred SalesChargeoption

Switching fromInvescoAllocationFund – If youbuyunitsof InvescoAllocationFund inanaccount thatdoes not haveanactive InvescoRebalancingServicewithin90days of purchase,wemayswitch thoseunits intoSeriesDCAHeritageunits of InvescoCanadaMoneyMarket Fund.

Switching fromSeriesDCAorSeriesDCAHeritageunits of InvescoCanadaMoneyMarketFund – If youholdSeriesDCAorSeriesDCAHeritageunits ofInvescoCanadaMoneyMarket Fund andhavenot provideduswith transferinstructions regarding theTransfer Fund(s)within30days of purchase,wemayswitch thoseunits intoSeriesAunits of InvescoCanadaMoneyMarket Fund.

Switchingbetweenpurchase options – Switches betweenpurchaseoptionsmay involve a change in the compensationpaid toyourDealer.

Switches are not permitted among theDeferredSalesCharge, LowLoadorLowerLoad4options, althoughswitches fromthoseoptions to theSalesChargeoptionmaybepermitted.

Switches betweenpurchaseoptionswill generally bepermittedonly if youprovideuswith instructions to sell youroriginal sharesorunits andbuynewsharesorunits.Theremaybe taxconsequences toyouwhenmaking this typeofswitch. If youroriginal sharesorunits are subject to a redemption feeordonothave a free redemptionentitlement, sucha switchwill triggerapplicableredemption fees. In addition, if youare switching toanyof theDeferredSalesCharge, theLowLoador theLowerLoad 4options fromtheSalesChargeoption, a newredemption fee schedulewill be imposedonyour newshares orunits. For these reasons, it is generally not advisable tomake switches betweenpurchaseoptions.


Aswitch fromsharesorunits purchasedunder theDeferredSalesCharge, theLowLoador theLowerLoad4options that arenot subject to redemption feesto shares or units purchasedunder theSalesChargeoptionmay result in anincrease in the trailing commissionsbeingpaid toyourDealer (seeTrailingcommissionunderDealercompensationonpage43 formoredetails), althoughno incremental charges are applicable toyouother thananyswitch fee asdescribed inSwitch feesonpage28. If your shares orunits are registered inyourownname,wegenerally requirewrittenauthorization fromyou throughyourAdvisororDealer. If your shares orunits are registered in the nameof yourDealeroran Intermediary,wegenerally requirewrittenauthorization fromyourDealeror Intermediary.YourDealeror Intermediarywill generally be required tomake certaindisclosures toyouand toobtainyourwritten consent toa switchbetweenpurchaseoptions.Wewill accept switch requests through theFundSERVnetwork in respectof sharesorunits that are eligible for the 10%freeredemptionentitlement fromDealers or Intermediarieswithwhomwehaveentered intoa switchagreement.

Optional services

Pre-authorized chequing (PAC) plan

Youcanset up aPACplanwithus so thatmoney is automaticallywithdrawnfromyour bankaccountat regular intervals and invested in the InvescoCanadaFunds that youchoose (excluding SeriesDCAandSeriesDCAHeritageunits ofInvescoCanadaMoneyMarket Fund). PACplans allowyou to takeadvantageofdollar-cost averaging.YourDealeror the Intermediarymayoffera similar plan.

To set up aPACplan,youmust:

m Provide uswithan imprinted void cheque

m Tell us howmuch towithdraw

m Tell uswhenandhowoften tomake thewithdrawals

m Tell us how to invest yourcontributions

Youmaychoose this optionwhenyou first buy sharesorunits orat any timeafterwards.Youmust set upyourPACplan throughyourAdvisor.Wemustreceive at least five business days’ notice to set up aPACplan. PurchasesofPowerShares Funds of ETFs underaPACplan canonly bemadeonaCanadian/U.S. BusinessDay. PurchasesofPowerShares Funds of ETFs underaPACplanplacedonadayother thanaCanadian/U.S. BusinessDaywill beprocessedon thenextCanadian/U.S. BusinessDay.

Wedonot chargea fee for setting upyourPACplan.Youcanonly buysharesorunits inCanadiandollars throughyourPACplan.

YoumaychangeyourPACplan instructions orcancel yourPACplanat any timeas longaswe receive at least twobusiness days’ notice.Most changes toInvesco-administered accountsmust bemade throughyourAdvisororDealer. Ifyou redeemall of the shares andunits of theFundswithin thePACplan,wewillterminateyourPACplanunlessyou tell us otherwise.

Whenyouenroll in aPACplan,yourDealerwill send you the current SimplifiedProspectus andanyamendments. Subject tous and/or yourDealer fulfillingcertain requirements,youwill be sent a copyofany renewal prospectus oranyamendments only if you request them.Youcanget copies of thesedocumentsatwww.invesco.caoratwww.sedar.com, fromyourDealer, bycalling us toll-free at 1.800.874.6275or by sendingus ane-mail at [email protected].


What is dollar-costaveraging?

Dollar-costaveraging is investing a fixeddollaramountat regular intervals.Youwill buy fewersharesor unitswhen theprice is highandmorewhen theprice islow, averagingout the costof yourinvestment. Formore information, seeInvescoDollar-CostAveragingServiceonpage35.

Youhave a legal right towithdraw fromthe initial purchaseunderaPACplan.However, if youdonot receive the renewal prospectusoranyamendments,youdonot havea legal right towithdraw fromsubsequent purchases under thePACplan.You continue tohave all other legal rights under securities law, includingrights ifamisrepresentationhasbeenmade,whetherornot you request a copyof the renewal prospectus. SeeWhat areyour legal rights?onpage51 formore details.

Systematicwithdrawal plan (SWP)

Youcanset up aSWPwithus so thatweautomaticallymake regular paymentstoyou.Wedo this by redeeming shares or units inyouraccount.YourDealerorthe Intermediarymayoffera similar plan.

This plan is available forall accounts except for Invesco-administeredLIRAs,LRSPs, RESPs andRRSPs.Theplan is alsonotavailable for InvescoAllocationFundandSeriesDCAandSeriesDCAHeritageunits of InvescoCanadaMoneyMarket Fund.

To set up aSWP,youmust:

m Complete the required formandgive it toyourAdvisoror send it tous

m Tell us the frequencyand amountof thewithdrawalsyouwant

Wemust receive at least five business days’ notice to set up aSWP.Wedonotchargea fee foraSWP.Your redemption feeswill dependon thepurchaseoptionthat applies to the sharesorunits redeemedand the lengthof timeyouhaveheld the shares andunits. RedemptionsofPowerShares Funds of ETFs underaSWPcanonly bemadeonaCanadian/U.S. BusinessDay. Redemptions ofPowerShares Funds of ETFs underaSWPplacedonadayother thanaCanadian/U.S. BusinessDaywill be processedon theCanadian/U.S. BusinessDay immediately prior to thatdate.

YoumaychangeyourSWP instructionsorcancel your SWPatany timeas longaswe receive at least twobusiness days’ notice.Most changesmust bemadethroughyourAdvisororDealer.

If your regularwithdrawalsaregreater thanthegrowth inyouraccount,youroriginal investmentwill eventually fall tozero. In certain circumstances,wemay redeemall your shares andunits and closeyouraccount. SeeAutomaticredemptiononpage27 formoredetails.

InvescoCustomizingService

The InvescoCustomizingService allowsyou toestablish regular, systematicswitches of shares or units, and/ordistributionsof such shares or units, of theFunds into sharesorunits ofother Funds.Youmayalsouse this service to set upregular, systematic transfers of sharesorunits of the Funds between certainseparate account types (forexample, betweenanon-registered accountandanRRSPaccount).Youmayestablish switches betweenanynumberof Funds.

Toactivate the InvescoCustomizingService,youandyourAdvisormust submittheapplicable application form,whichprovides uswith therequired information.

Youmayselect anydayof themonth for the InvescoCustomizingService tobeginmaking switches, andwewill automatically process the switches on thatdate eachmonth (orearlierwhere suchdate does not exist).When thedateselecteddoes not fall ona business day,wewill generally process thetransactionon thenext business day.


Werequire five business days toactivate the InvescoCustomizingService.Youmaymake changes toyour InvescoCustomizingService as longasyouandyourAdvisorgiveus twobusiness days’ notice.When there are insufficient shares orunits in theFund(s)/account tomeet your switchor transfer request,wewillprocess the transaction forany remaining sharesorunits of theFund(s)/accountandplacea stoponyour service.

InvescoWealthManagement

InvescoWealthManagement canassist youandyourAdvisor in creating andmaintaining adiversified portfolio of InvescoCanadaFunds (excluding theInvesco Intactive TargetDatePortfolios) aligned toyourunique risk toleranceand investmentobjectives. Keyelements of the InvescoWealthManagementprogram include:

m Theoption touseour InvescoWealthManagement risk tolerancequestionnaire tohelpyouand yourAdvisordevelop anappropriate assetmixprofile that is suitable toyour needs

m Theoption to:

mmatchyourassetmixprofile to an Invesco IntactiveAccumulationFund,which is a pre-set fund-of-funds that invests in certain InvescoCanadaFundsusing anasset allocation strategy, or

m useour InvescoRebalancingService.This asset allocation service letsyouandyourAdvisormatchyourassetmixprofile to a portfolio ofInvescoCanadaFunds (excluding the Invesco IntactiveTargetDatePortfolios) fully customizedby youandyourAdvisor

m Periodic rebalancing

mQuarterly reporting

Theminimum initial investment for participation in the InvescoRebalancingService inyour InvescoWealthManagement program is $10,000 (CanadianorU.S.). Eachadditional investmentmust beat least $50 (CanadianorU.S.).Wedonot chargeadditional fees for the InvescoWealthManagement program.

Invesco IntactiveAccumulationFunds

Eachof the Invesco IntactiveAccumulationFunds aredescribed startingat page274.

InvescoRebalancingService

OnlySeriesA, SeriesB, SeriesD, Series F, Series FH, SeriesH, Series P, SeriesPF,Series PH, SeriesDSCandSeries SC shares andunits are eligible for inclusion inthe InvescoRebalancingService.However, certain restrictionsmayapplywhenholding different series of Funds (forexample, SeriesAandSeries Fshares orunitsmaynot be combinedwithin the InvescoRebalancingService). Please seetheapplicable application formfor full details.Units of the Invesco IntactiveTarget DatePortfolios, theSeriesDCAandSeriesDCAHeritageunits ofInvescoCanadaMoneyMarket Fund, theT-FLEXseries andSeries I sharesorunits ofother Fundsmaynot be included in the InvescoRebalancingService.Pleasenote that the Invesco IntactiveAccumulationFunds are intended tobeusedas complete portfolio solutions; however, theyare eligible for theInvescoRebalancingServiceas some investors,with theadviceof theiradvisors,maywant toaddadditional InvescoCanadaFunds to their portfolioandmaintaintheallocationbetween the Invesco IntactiveAccumulationFunds andother


InvescoCanadaFundswithinprescribed ranges. It is our belief thatwhereanInvesco IntactiveAccumulationFund is included in the InvescoRebalancingService, then it is onlyappropriate todo sowhere that Invesco IntactiveAccumulationFund comprises a substantial portionof theportfolio. Pleasealsonote thatwhere thePowerShares Fundsare included in the InvescoRebalancingService, the Fundswithinyour InvescoRebalancingServicemust all beof thesamepurchaseoption.

Activation – Toactivateyour InvescoRebalancingService,youandyourAdvisormust submit theapplicable application form.Bycompleting this form,you tell us:

m Toset up the InvescoRebalancingService for youaccording to the per-fundtarget allocations that aredeterminedbyyouandyourAdvisor

m Tomonitorand rebalanceyourchosenportfolio in accordancewithyour instructions

Strategic rebalancing – Byactivating the InvescoRebalancingService,weagree to set up,monitorand rebalanceyourchosenportfolio according toyourinstructions. In theapplication form,you tell us:

m Howoften to reviewyourchosenportfolio (quarterly, semi-annuallyorannually)

m Yourchosenvariance threshold (between2.5%to 10%)

m Toevaluate and, if necessary, rebalanceyourchosenportfolio on theoccurrenceofa triggering event

Wewill determinewhether yourholdings areoutsideyourchosenvariancethreshold basedon the currentmarket value ofeach InvescoCanadaFund inyour InvescoRebalancing Serviceon thedaya “triggering event” occurs (seebelow). If theyare,wewill rebalance the InvescoCanadaFunds inyourInvescoRebalancingServicewithin twobusiness days.Wecall this “strategicrebalancing”. Strategic rebalancing isyourchosen strategy formaintainingyour target allocations in the InvescoCanadaFunds inyourchosenportfolio.Strategic rebalancing inyour InvescoRebalancingServicemayhave taxconsequences for you, including the realizationofcapital gains and/or losses.See Income taxconsiderations for investorsonpage48.

Youmaymake changes toyourchosenportfolio or your strategic rebalancinginstructions as longasyouandyourAdvisorgiveus twobusiness days’ noticeand complete anewapplication form.Wewill strategically rebalanceyourchosenportfolio if you request a change toyour selectionof InvescoCanadaFundsor toyour target allocationofany InvescoCanadaFund inyourInvescoRebalancingService.

Triggeringevents – Atriggering eventoccurs:

mOn the first Fridayofeachmonth inwhichyouhave told us to reviewyourchosenportfolio oron the previous business day if theFriday is a holiday

mWhenyou redeemor switch shares or units outof yourchosenportfolio

InvescoAllocationFund – InvescoAllocationFund is designed tohelpyouinvest in the InvescoCanadaFundsyouchose for your InvescoRebalancingService. Bycompleting the applicable application form,you tell us:

m Toautomatically redeemyour units of InvescoAllocationFundandbuysharesor units of the InvescoCanadaFundsyouchose inyour InvescoRebalancingService according toyour target allocations


m To rebalance the InvescoCanadaFunds inyour InvescoRebalancingService ifthe above allocation causes the InvescoCanadaFunds inyourInvescoRebalancingService toexceedyour variance threshold

Wewill buyshares or units of the InvescoCanadaFundsyouchose for yourInvescoRebalancingService using the sameseries andpurchaseoptionyouchose for yourpurchase of units of InvescoAllocationFund, except:

m If youbuySeries SCunits of InvescoAllocationFund,wewill buySeries SCunits of the InvescoCanadaFunds inyour InvescoRebalancingService or, ifan InvescoCanadaFunddoesnotoffer SeriesSCunits,wewill buySeriesAshares or units of that InvescoCanadaFundunder theSalesChargeoption

m If youbuySeriesAunits of InvescoAllocationFundunder theDeferredSalesChargeor theLowerLoad4options andyour InvescoRebalancingServicecontains InvescoShort-Term IncomeClass,wewill buySeriesB shares of thatFundunder the samepurchaseoption

If youhold a combinationofSeriesA, SeriesB, Series SCand/orSeriesDSCsharesorunitswithin the InvescoRebalancingService,whenwe rebalance,wewill buy shares or units under the samepurchaseoption and, ifavailable,wewillbuy the sameseries of sharesor units. However, becauseof the rebalancing:

mWemaybuyadifferent series of shares or units

m Youmayholdmore thanonepurchaseoptionof the sameInvescoCanadaFund

InvescoDollar-CostAveragingService

This service allowsyou to invest a lumpsum intoSeriesDCAorSeriesDCAHeritageunits of InvescoCanadaMoneyMarket Fundandwewill systematicallytransfera proportionate amountof your investmentoveraone-year period intoanynumberofTransfer Funds selectedby you.A systematic transfer fromSeriesDCAorSeriesDCAHeritagemaybe toSeriesA, SeriesH, SeriesP,Series PH, Series PT4, Series PT6, Series PT8, SeriesT4, Series T6orSeries T8of theTransfer Funds.The systematic transfermayalsobe toSeries SCofTrimark IncomeGrowthFund,TrimarkCanadianFundandTrimark Fund. ForSeriesDCAHeritageonly, systematic transfersmayalsobe toSeries F,Series FH, Series F4, Series F6, Series F8, SeriesPF, Series PF4orSeries PF6oftheTransferFunds.However,asystematic transfermayonlybemadetoSeriesP,Series PF, Series PF4, Series PF6, SeriesPH, SeriesPT4, SeriesPT6andSeries PT8 if theminimum investment threshold for that series is reachedandthe investor instructs us to switchSeriesDCAorSeriesDCAHeritageunits intothat series.Under the InvescoDollar-CostAveragingService,youhave theoption to select the frequencyof the systematic transfers (monthlyorweekly)and thedateof the initial systematic transfer to theTransfer Fund(s) (whichmust bewithin30days of your investment in theSeriesDCAorSeriesDCAHeritageunits of InvescoCanadaMoneyMarket Fund) (the “Start Date”). If youfail tomeet theminimum initial investmentor fail to provideuswithyourselectionof Transfer Fundswithin30daysof your initial investment,wemayswitchyourSeriesDCAorSeriesDCAHeritageunits toSeriesAunits ofInvescoCanadaMoneyMarket Fund.Details of the InvescoDollar-CostAveragingServicewill be available fromusupon request.

Registeredplans

Wecangenerally set up an InvescoLIF, LIRA, LRIF, LRSP, PRIF, RESP,RLSP,RLIF,RRIF, RRSPorTFSAfor youwhenyou invest in theFunds.All of the Funds arequalified investments for registeredplans.You should consult yourown tax


Registerededucationsavingsplan (RESP)

Aregisterededucation savings plan(RESP)allowsyou to savemoney forachild’s education.Yourcontributions arenot taxdeductible, butanyearnings intheplanare sheltered fromtaxuntilwithdrawn.TheBasic andAdditionalCanadaEducationSavingsGrant (CESG)is available foreligible beneficiarieswitha lifetimemaximumof$7,200perchild.Thebeneficiarymayalsobeeligible fortheCanadaLearningBond (CLB), theQuebecEducationSavings Incentive(QESI) and theAlbertaCentennialEducationSavings (ACES)Grant.Certaingrants are limited to sharesor unitspurchasedunder the sales chargeoption.Talk toyourAdvisorabout theseprogramsand thebenefits of includinganRESP inyour financial plan.

advisor foradviceonwhetheror not an investment in a Fundwould be aprohibited investment for your registeredplan. SeriesDCAandSeriesDCAHeritageunits of InvescoCanadaMoneyMarket Fundgenerally cannot beheldin an Invesco-administeredLRIF, PRIF, LIF, RLIFandRRIF.

Buying inU.S. dollars

Youmaybuyshares or units of theC$/U.S.$NAVFunds (except SeriesH,Series FH, Series PH, Series I andT-FLEXseries) andunits of TrimarkU.S.MoneyMarket Fund inU.S. dollars.

If youchoose this option:

mWewill calculate theNAVper shareor unit inCanadiandollars and convert ittoU.S. dollars (except for TrimarkU.S.MoneyMarket Fund)

mWewill use theexchange rate fromthedayweprocessyourorder

m If you redeemanyshares or units,wewill pay you inU.S. dollars using theexchange rate fromthedayweprocess the redemption

m If you request cashdividends ordistributions,wewill payyou inU.S. dollarsusing the exchange rate fromthedaywepay thedividendordistribution

Youcannot buyshares or units of Fundsheld in an Invesco-administeredregisteredplan inU.S. dollars.

Buying inU.S. dollars andSeries H,SeriesPHandSeries FHsharesor units of theFunds

In addition to theability tobuy theC$/U.S.$NAVFunds inU.S. dollars, certainFundsalsoofferSeriesH, SeriesPHandSeries FHunits or shares. Beforedecidingwhether tobuyC$/U.S.$NAVFunds inU.S. dollars or to invest inSeriesH, SeriesPHorSeries FHunits or sharesof theFunds, it is important tounderstand thedifferencebetween theseoptions.

Thedifference is best illustratedby the following examples. Assume that youare investing in aU.S.equity fund, the fundholds onlyU.S. dollardenominatedstocks (whichare converted toCanadiandollars at the endofeachday for fundvaluationpurposes) and that inU.S. dollar terms, during the timeyou invested,thepriceof the stocks remains the same.

First, assume thaton theday you invest in theFund, theCanadiandollar isworthUS$0.80andon theday you redeem, theexchange rate changes so that theCanadiandollar isworthUS$1:

m If you invested$100 (Canadian),your investmentwould beworth$80(Canadian)whenyou redeembecause theCanadiandollarappreciatedinvalue.

m If you invested$100 (Canadian) andbought SeriesH, Series PHorSeries FHshares or units of theFund,your investmentwould beworthapproximately$100 (Canadian)whenyou redeembecause thehedgenegates theeffect oftheCanadiandollarcurrencyappreciation.

m If you converted$100 (Canadian) intoU.S. dollars andbought theSeriesAshares or units of theFund inU.S. dollars (for $80),whenyou redeemyouwould getUS$80 (because thevalue of the Fundhas not changed) and if youconverted that back toCanadian currency,youwould have$80 (Canadian).


Doesbuying theFunds inU.S.dollarsprotectagainstcurrency risk?

No.Whenyoubuyshares orunits inU.S.dollars (other thanTrimarkU.S.MoneyMarket Fund),we convert thepurchaseprice intoCanadiandollars at the currentexchange rate.Youare in the samepositionas if youbought theFunds inCanadiandollars, soyouarenotprotected fromanycurrency risk.

TrimarkU.S.MoneyMarket Fund investsinU.S. securities and is pricedonly inU.S.dollars.Youwill beexposed to the riskofthevalueof theU.S. dollardecreasingrelative to thevalueof theCanadiandollar.

Second, assume thaton theday you invest in theFund, theCanadiandollar isworthUS$1 andon thedayyou redeem, the exchange rate changes so that theCanadiandollar isworth$US0.80:

m If you invested$100 (Canadian),your investmentwould beworth$125(Canadian)whenyou redeembecause theCanadiandollardepreciatedinvalue.

m If you invested$100 (Canadian) andbought SeriesH, Series PHorSeries FHshares or units of theFund,your investmentwould beworthapproximately$100 (Canadian)whenyou redeembecause thehedgenegates theeffect ofcurrencydepreciation.

m If you converted$100 (Canadian) intoU.S. dollars andbought SeriesA sharesor units of theFund inU.S. dollars (for $100),whenyou redeemyouwould getbackUS$100and if youconverted that back toCanadian currency,youwouldhave$125 (Canadian).

Theseexamples assume that there are nocosts to currencyconversionor tothehedge itself. In reality, there are somecosts to these activities.Theexamplesareonly intended to illustrate theeffect that currencymovements haveonyourinvestmentandonhow thedifferent currency-based optionsmayaffect yourinvestment under theassumptions noted above.

Fees and expenses

The following tables show the fees andexpensesyoumayhave topay if youinvest in theFunds.Youmaypaysomeof these fees andexpensesdirectly,dependingon thepurchaseoptionyouselect.TheFundsmaypaysomeof thesefees andexpenses,which reduces thevalueof your investment.

Fees andexpenses payable by theFunds

TheFundsgenerally pay two typesof fees:

mManagementandadvisory fees.Thesearegenerallya fixedpercentageofdailyaveragenetassets, though theymaybedifferent fordifferent Funds anddifferent series of shares or units.Theycover the investmentmanagementofthe Funds, the distribution,marketing andpromotionof theFundsandanyfinancing services provided to the Funds

mOperatingexpenses.These aregenerally variable.Theycover theexpensessetout belowunderOperatingexpenses, including legal andaudit fees

In addition, theFunds incur trading expenses asdiscussedbelow.

Managementandadvisory fees

EachFund pays amanagement andadvisory fee to InvescoCanada.Whereapplicable, themanagementandadvisory fee includes anysub-advisory feethat InvescoCanadapays directly to a sub-advisorandany financing fee theFundpays to a third party.The rate of the fee, excludingHarmonizedSales Tax(HST) andanyotherapplicable taxes, is set out in theFunddetails foreachindividual Fund.The fee is accrueddaily.Themanagementandadvisory fee(other than for Series I) is paidweekly, except atmonth-end when theremaybe


What is themanagementexpenseratio (MER)?

TheMER is calculated foreach series ofsharesor units ofaFundand reflects themanagementandadvisory fees andcertain expensesborneby that series.These expenses includemostof theoperating expensesdescribed in thesectionOperating expensesonpage38,but excludebrokerage commissionsonportfolio transactions andotherportfoliotransaction costs, includingHSTapplicable to suchcosts, stamp taxes andcertainother taxes. Foreachof thePowerShares FundsofETFs,Invesco IntactiveTargetDatePortfoliosand Invesco IntactiveAccumulationPortfolios, theMER includes, in additionto themanagementandadvisory feesofthePowerShares Funds ofETFs,Invesco IntactiveTargetDatePortfoliosand Invesco IntactiveAccumulationPortfolios, themanagement fees chargedand theoperating expenses incurredbytheunderlying InvescoPowerSharesETF.TheMER is expressedas anannualizedpercentageofdailyaveragenetassets ofthe series of the Fundduring theperiod.

anextra payment. Anychange to the frequencyof feepayments is subject totheapproval of theBoardsofDirectors and/or theAdvisoryBoarddescribedonpage52.

Investors negotiate andpay themanagementandadvisory fees forSeries Isharesorunits directly.These feeswill not exceed theSeriesAmanagementandadvisory feeof the Fund.

Management fee reductions – Wemay reduce themanagementandadvisoryfeeandoperating expenses for institutional and individual investorswho investlarge amounts in a Fund.These reductions arenegotiable by the institutionalinvestoror yourAdvisorandus.Wedo this for theCorporate Fundsbypayingthe reductiondirectly to the investor.Wedo this for theTrust Funds by reducingour fee to theTrust Fundand then theTrust Fund agrees tomakea specialdistribution to theunitholderof income, capital gains and/orcapital of theTrust Fundequal to theamountof the reduction (a “management feedistribution”).These reductions andmanagement feedistributions aregenerally reinvested in additional sharesorunits. However, some institutionalinvestorsmaychoose to receive the reductions anddistributions in cash.Investorswho investgreater than$500,000 inSeries P, Series PF, Series PF4,Series PF6, SeriesPH, SeriesPT4, SeriesPT6andSeries PT8alsoqualify foramanagement fee reductionwith respect tomanagement fees paid on theportionofqualifying assets theyhave invested in those series in excessof $500,000.

Themanagementandadvisory fees forSeriesAandSeriesPunits ofeachInvesco Intactive TargetDatePortfoliowill be reducedby0.05%during the final10 years prior to the Invesco IntactiveTargetDatePortfolio’s horizondate andfurther reducedbyanadditional 0.30%for the final fiveyears prior to theInvesco Intactive TargetDatePortfolio’s horizondate.Themanagementandadvisory fees forSeries Funits ofeach Invesco Intactive TargetDatePortfoliowill be reducedby0.05%during the final 10 years prior to the Invesco IntactiveTargetDatePortfolio’s horizondate and further reducedbyanadditional 0.05%for the final fiveyears prior to the Invesco IntactiveTargetDatePortfolio’shorizondate.

Operating expenses

TheFunds’operating expenses consist of the costs tooperate theFunds,including,without limitation:

m Registrarand transferagency fees

m Accounting, audit and legal fees

m Bankand interest charges

m Insurance, safekeeping and custodial fees

mOperating andadministrative costs, fees andexpenses

m Costs of financial reports (includingmanagement reports of Fundperformance) to investors andofoperating ourcall centre

m Costs related to investormeetings (other thanwith respect to Fundmergers)

m Costs of theprospectus relating to the sale of shares or units of theFunds, aswell as anyotherdocument requiredbysecurities regulation

m Directors’ fees and expenses

m Fees andexpensespayable in connectionwith the IRC (as describedbelow)

m Regulatory filing andother fees


Whydodifferentmutual fundschargedifferent fees?

Theamountof themanagementandadvisory feedependson the typeofmutual fundand its distribution costs.Forexample,moneymarket fundsgenerally havea lowermanagementandadvisory fee thanequity fundsbecausetheyare less labour intensive tomanageandwepay lowercompensation toyourDealer.

m HSTandother taxes applicable to theFunds

In addition, theFunds incur brokerage commissions andother portfoliotransaction costs, including anyHSTandother taxes applicable to suchcostsandanyapplicable stamp taxes relating to theportfolio securities (“tradingexpenses”). PowerShares Tactical BondCapital YieldClasswill also incurcertainforward contract fees chargedbycounterparties. Such fees are expected torangebetween0.35%and0.50%of thevalueof the forward contracts per year(subject to certain contractualminimumswhichmaybe imposedbycounterparties).The forward contract fees, and any related costs (suchashedging),maychangeat any timeandwithout notice toyou. Because theyarenot included in theMER, the trading expenses arenot includedas part ofoperating expenses.

Except as setout below, each series of sharesorunits ofa Fundpays for its ownoperating expenses, its proportionate share of the commonoperating expensesand its proportionate share of the trading expenses.Theseamounts arepaid outof theassets attributed to each series of sharesor units of the Fund,whichreduces the returnyou receive.Wewill give investorswrittennotice ofanyproposed changes in this arrangement. EachSeriesH, Series FHandSeriesPHshareorunit ofa Fundpays the costs relating to the foreign currencyhedgingfor that series of shares or units of the Fund.

Wepayall operating expenses (but not trading expenses) for:

m SeriesAunits of TrimarkCanadianEndeavourFund

m SeriesSCunits of TrimarkFund,TrimarkCanadianFund,Trimark IncomeGrowthFund andTrimark Interest Fund

m Series I sharesorunits of the Funds

Wemayalsopayaportionof theoperating expenses forclientswho invest largeamounts in a Fund.

Wealso payanyoperating expenses (not includingHSTorother taxes)necessary toensure that the operating expenses portionof theMER for:

m SeriesA, Series T4, SeriesT6andSeries T8of thePowerShares Fundsdoesnot exceed0.15%per year

m Series Fof thePowerShares Funds does notexceed0.10%per year

HST – InOntario, effective July 1, 2010, theProvincial Sales Tax (PST)wascombined with the federal Goods andServicesTax (GST) andbecame theHarmonizedSalesTax (HST). Prior toJuly 1, 2010, thePSTwasnotapplied toFundmanagementandadvisory fees oranyother fees and expensespaid bytheFunds,whileGSTwas applied to such fees andexpenses. HST is nowchargedonall itemsonwhichGSTwaspreviouslycharged,with limited exceptions.

The implementation rules draftedby the federal government require thatHSTbe calculated separately foreach series ofeachFund inproportion to theamount invested in that series by residents ofHST-participating provinces(BritishColumbia,Ontario, NovaScotia, NewBrunswickandNewfoundland&Labrador)whencompared against non-participatingprovinces, resulting in theapplicationofa “blended rate” toeachseries’expenses.

Whereexpenses are charged toa Fund rather thandirectly to the investor,InvescoCanada applies the applicable blended rateofHSTtoeach series ofeachFund.Theblended rate is determinedbasedon investor residencydata asat a specified attributiondate.Generally, HSTrateswill be adjusted at leastannually, onJanuary 1, using anattributiondateof September30of the


How is theHSTblendedrate calculated?

InvescoCanadaapplies a blended rate ofHSTtoeachseries ofeachFund. Forexample, if theHSTrate is 12% inBritishColumbia, 15% inNovaScotia and 13% intheotherHST-participatingprovincesandaparticular series ofaFundhas, forexample, 10%of its investors inBritishColumbia, 3% inNovaScotia, 65% in theotherHST-participatingprovinces (andthe remainder innon-participatingprovinces,where theGSTrate of5%willstill apply), the applicableHSTratewouldbe 11.2%.This is referred toas the“blended rate”.Theblended ratewill becalculated at least annuallyand, as thecompositionof investors byprovince ineach series ofeachFund is likely tobedifferent atanypoint in time, theblendedratewill varyacross Funds and series.

previousyear. Each serieswill alsobe required to “look through”accounts incertain cases todetermine the residencyof theunderlying investors.

Anestimated blendedHSTratewill be applied toeachnewseries ofInvescoCanadaFunds for the first 90days following the launchof such funds.The91st day following the launchwill be the first attributiondate, and theHSTblended rates determined as at that first attributiondatewill apply to theapplicable series of such funds for the remainderof that calendar year. Anadjustmentmust alsobemade to the amountofHSTcharged toeach series inrespectof the first 90days inorder to “trueup” to theactual blended rate ofHSTdeterminedasof the first attributiondate.Where the first attributiondateis after September30, theHSTblended rate determinedas at thatdatewill alsobeusedas theHSTblended rate for the following calendar year.

IRC – Eachmemberof the IRC is currently entitled toanannual retainerof$10,000andaper-meeting feeof $1,500 ($3,000 for theChair) foreachmeeting attended.Members are alsoentitled to be reimbursed forallreasonable expenses incurred in the performanceof theirduties. Expensesofthe IRC include insurancepremiums, travel expenses and reasonableout-of-pocket expenses.The fees and expensesof the IRCare allocated amongtheFunds in amanner that InvescoCanada considers fairand reasonable.

Fundof funds fees andexpenses

Someof the Funds (“TopFunds”) invest in “underlying funds”managedbyInvescoCanada, oneofouraffiliates (as is the casewith investments inInvescoPowerShares ETFs) or bya third party. In accordancewithapplicablelaws,we cannot chargemanagementandadvisory fees toboth theTopFundand theunderlying fundwhere, to a reasonable person, thatwould result in theduplicationofa fee for the sameservices.Weaddress this requirement in thefollowingways:

mWhere theunderlying fund is an InvescoCanadaFund,we chargeamanagement andadvisory fee, and fundoperating expenses, to theTopFundandwedonot charge these fees orexpenses to theunderlying fund for theportionof theunderlying fundattributable to theTopFund.No sales chargesorother fees are charged to theTopFund in respectof these investments.

mWhere theunderlying fund is an InvescoPowerShares ETFora third-partyETF, theTopFundmanagement andadvisory fee is reducedby theamountofthemanagement fee that themanagerof theETFreceives fromtheETFfortheTopFund’s investment.Whereoperating expenses are charged to theETFseparately fromthemanagement fee, there is no corresponding reduction fortheTopFundbecause these services are separate anddistinct fromtheservicesweprovide to theTopFundand, therefore, there is noduplicationoffees. In addition, theTopFund paysnormal brokerageand trading expensesfor these investments.These charges arenot reflected in theMERof theTopFund, but theywill reduce the performanceof theFund.

Fees andexpenses payable directly byyou

Salescharges If youchoose theSalesChargeoption,youmayhave topay toyourDealerat the timeof purchaseup to5%of thepurchase price of theSeriesA, SeriesD, SeriesDCA, SeriesP, Series PT4, SeriesPT6, SeriesPT8,Series T4, SeriesT6, Series T8, Series SC, SeriesHorSeries PHshares or unitsyoubuy. ForSeriesDCAHeritage,youwould pay this feeon the date that unitsare switched toyourTransfer Fund.Younegotiate the sales chargeswithyourAdvisor.


Switch fees Youpay toyourDealerup to2%of thecurrentvalueof theSeriesA,SeriesB,SeriesD,SeriesDCA,SeriesDCAHeritage,SeriesP,SeriesPT4,SeriesPT6, SeriesPT8,SeriesT4,SeriesT6, SeriesT8,SeriesDSC,SeriesSC,SeriesHorSeriesPHsharesorunitsyouswitch (unless the switch is intoaTransferFundusing the InvescoDollar-CostAveragingService).Younegotiatethe switch feeswithyourAdvisor.Noswitch feesare chargedonsomeswitches inthe InvescoRebalancingService. SeeSwitch feesonpage28 fordetails.

Redemption fees

DeferredSalesChargeoption (also includesCappedDeferredSalesCharge)

Youpayup to6%of theoriginal costof theSeriesA, SeriesB, SeriesP,SeriesPT4,SeriesPT6, SeriesPT8,SeriesT4, SeriesT6, SeriesT8,SeriesDCA,SeriesDCAHeritage, SeriesDSC,SeriesHorSeriesPHsharesorunits if youredeemthemwithinsixyearsof thedateofpurchase (or, in thecaseofSeriesDCAHeritage, fromthedateof the switch intoyourTransferFund), as follows:

If redeemedduring youpay

Year 1 6.0%

Year2 5.5%

Year3 5.0%

Year4 4.5%

Year5 4.0%

Year6 3.0%

After year6 Nil

If youpurchased shares or units of theFundsunder theDeferredSalesChargeoptionprior toAugust 11, 2010, the redemption fee schedule thatwas in effect atthe timeof yourpurchasewill apply to those shares andunits.

LowLoadoption

Youpay2%of theoriginal cost of theSeriesA, SeriesP, Series PT4, Series PT6,Series PT8, SeriesT4, Series T6, SeriesT8, SeriesDCA, SeriesDCAHeritage,SeriesDSC, SeriesHorSeries PHsharesorunits if you redeemthemwithin twoyears of the date of purchase (or, in the caseofSeriesDCAHeritage, from thedate of the switch intoyourTransfer Fund).

Lower Load4option

Youpayup to4.5%of theoriginal cost of theSeriesA, SeriesB, SeriesP.Series PT4, Series PT6, Series PT8, SeriesT4, Series T6, SeriesT8, SeriesDCA,SeriesDCAHeritage, SeriesDSC, SeriesH, or SeriesPHsharesor units if youredeemthemwithin four years of thedateof purchase (or, in the case ofSeriesDCAHeritage, from thedateof the switch intoyourTransfer Fund),as follows:

If redeemedduring youpay

Year 1 4.5%

Year2 4.0%

Year3 3.5%

Year4 3.0%

After year4 Nil


Wherea third-party financing services provider pays the sales commission,redemption fees that youpay for redeeming shares or units purchasedundertheDeferredSalesChargeor theLowerLoad4optionswithin six years or fouryears, respectively, of purchaseare not paid to theFundor tous, but arepaid tothe third-party financing services provider.Otherwise theyarepaid tous. In allcases, onbehalfof the receiving party,we collect the fee fromyou fromyourredemptionproceeds.

TheDeferredSalesChargeoptionand theLowerLoad4optionarenotavailablewithin 10 years of the horizondateofan Invesco IntactiveTargetDatePortfolio.

Short-termtrading fee

Youmaypay to the Fund2%of the current value of the shares orunits if youredeemorswitch themwithin90daysof purchase, orwithin30daysofpurchase in the caseofPowerShares Funds.No short-termtrading fees arechargedonsome switches in the InvescoRebalancingService. SeeSwitch feesonpage28 fordetails.

Investmentadvisory fee

Investors inSeries F, Series F4, Series F6, Series F8, Series FH, SeriesPF,Series PF4andSeries PF6 shares andunitsmaybe chargedan investmentadvisory fee by their Dealer.Theamountof this investmentadvisory fee isnegotiatedbetweenyouandyourDealer, and is provided tous byhaving theDealer signa standard InvescoCanada investmentadvisory fee agreement.WemayhaveanarrangementwithyourDealer to collect the investment advisoryfeeplus anyapplicable tax fromyouonyourDealer’s behalf.Where sucharrangements exist, the investmentadvisory feemust not exceed 1.5%per year(excluding applicable taxes), and is calculateddailyandpaidmonthly to theDealer. In order to collect the investmentadvisory fee andanyapplicable tax,wemay redeem(without charges) the necessaryamountof shares or units fromyouraccounteachmonth (at the beginningof the following calendarmonth).The collected investmentadvisory fee is subsequently remittedbyInvescoCanada to theDealeronyour behalf.Wedonot collect investmentadvisory fees on sharesorunits of the Funds held in anRESP.

Impactof sales charges

YouandyourAdvisordecideonanappropriate purchaseoptionwhenyoubuysharesorunits of the Funds.The following table shows themaximumsaleschargeor redemption feeyouwould payunder thedifferent purchaseoptions ifyoumadean investmentof $1,000 inaFund, held that investment forone, three,five or 10 years and redeemed immediately before theendof theperiod.

Note that:

m Redemption fees applyonly if you redeemyourSeriesA, SeriesB, Series P,SeriesPT4, SeriesPT6, SeriesPT8, SeriesT4, Series T6, Series T8,SeriesDCA, SeriesDCAHeritage, SeriesDSC, SeriesHorSeriesPHsharesorunits in a particular yearand if those shares or units donotqualify for freeredemption.This table ignores the free redemptionamounts


m The table assumesyouare paying themaximumpossible sales chargeundertheSalesChargeoption, althoughyoumaynegotiate a lower sales chargewithyourAdvisor

Option Atpurchase 1year 3years 5years 10years

SalesCharge1 $50 None None None None

DeferredSalesCharge2, 5 None $60 $50 $40 None

LowLoad3, 5 None $20 None None None

LowerLoad44, 5 None $45 $35 None None

1 SeriesB shares andSeriesDSCunits are not availableunder theSalesChargeoption.Therearenosales charges forSeries F, Series F4, Series F6, Series F8, Series I,Series FH, SeriesPF, SeriesPF4andSeriesPF6 sharesorunits. However, Series F,Series FH, SeriesPF, SeriesPF4, SeriesPF6, Series F4, Series F6andSeries F8investors paya separateDealer-negotiated fee to theirDealer. For investorswhousethe InvescoDollar-CostAveragingService andbuySeriesDCAHeritageunits ofInvescoCanadaMoneyMarket Fundunder theSalesChargeoption, a sales charge isnegotiable as at the timeof purchase andpayable on theday that suchSeriesDCAHeritageunits are switched intoaTransfer Fund.

2 SeriesAshares of InvescoShort-Term IncomeClass, SeriesA, SeriesT4, SeriesT6andSeriesT8 sharesorunits of thePowerShares Funds, andSeriesD, Series F,Series F4, Series F6, Series F8, Series FH, Series I, SeriesPF, SeriesPF4, SeriesPF6andSeriesSCsharesorunits arenot available under theDeferredSalesChargeoption.

3 SeriesA, SeriesT4, SeriesT6andSeriesT8sharesorunits of thePowerShares FundsandSeriesB, SeriesD, Series F, Series F4, Series F6, Series F8, Series FH, Series I,SeriesPF, SeriesPF4,SeriesPF6andSeriesSCsharesorunitsarenotavailableundertheLowLoadoption.

4 SeriesAsharesof InvescoShort-Term IncomeClass, SeriesA, SeriesT4, SeriesT6andSeries T8 sharesorunits of thePowerShares Funds, andSeriesD, Series F,Series F4, Series F6, Series F8, Series FH, Series I, SeriesPF, SeriesPF4,SeriesPF6andSeries SCsharesorunits are not available under theLowerLoad4option.

5 The timeperiodduringwhich the redemption fee is payable forSeriesDCAHeritageunitsof InvescoCanadaMoneyMarketFundbeginsoneachdate that suchSeriesDCAHeritageunits of InvescoCanadaMoneyMarket Fundare switched intoaTransfer Fund.

Dealer compensation

Commissionswepay toyourDealerWepay (orarrange topay) yourDealera sales commissionwhenyoubuysharesor units of the Funds (or, in the caseof SeriesDCAHeritageunits ofInvescoCanadaMoneyMarket Fund, from thedate of the switch intoaTransferFund)under theDeferredSalesCharge, theLowLoador theLowerLoad 4purchaseoptions. In addition,wepayyourDealeranongoing trailingcommissionwhenyouholdSeriesA, SeriesB, SeriesD, SeriesDCA, Series P,Series PT4, Series PT6, Series PT8, SeriesT4, Series T6, SeriesT8, SeriesDSC,Series SC, SeriesHorSeries PHshares orunits of theFundsexcept forInvescoAllocationFund. In the caseofSeriesDCAHeritageunits ofInvescoCanadaMoneyMarket Fund,wepayyourDealeranongoing trailingcommission fromthedateof the switch intoaTransfer Fund.


DoesmyAdvisor receive acommission?

YourDealerwill generally payapartof itscommission toyourAdvisor. However,the actual financial arrangementsbetweenyourDealerandyourAdvisorareoutsideour knowledgeorcontrol.

Wedonot payyourDealera commission if youbuySeries F, Series F4, Series F6,Series F8, Series FH, SeriesPF, Series PF4, SeriesPF6orSeries I sharesorunits.Series F, Series F4, Series F6, Series F8, Series FH, SeriesPF, SeriesPF4, andSeries PF6 investors paya fee to theirDealer for investment advice andother services.

Salescommission – If youbuySeriesA, SeriesD, SeriesP, SeriesPT4,Series PT6, Series PT8, Series T4, Series T6, SeriesT8, Series SC, SeriesHorSeries PH shares or units of theFundsunder theSalesChargeoption, thecommissionyounegotiate (up to5%of yourpurchase amount) is deductedfromyour purchase amountandpaid byyou, throughus, toyourDealer. ForSeriesDCAHeritageunits, the commission is deducted fromyour purchaseamountandpaid byyou toyourDealeron the date that theunits are switchedintoyourTransfer Fund(s).

Other thanpurchases under theSalesChargeoption, if youbuySeriesA,SeriesB, SeriesP, SeriesPT4, SeriesPT6, SeriesPT8, Series T4, SeriesT6,Series T8, SeriesDCA, SeriesDSC, SeriesHorSeries PHshares orunits,wewillpay (orarrange topay) yourDealer the followingpercentageof yourpurchaseamount (or, in the caseofSeriesDCAHeritage,wewill pay yourDealeroneachdate that units are switched intoyourTransfer Fund(s)):

If youchoose theDeferredSalesChargeoption: up to4.9%1 (please see the tablebelow formoredetails)

If youchoose theLowLoadoption: 1%

If youchoose theLowerLoad4option: up to4.0%(please see the tablebelow formoredetails)

1 If youpurchasedSeriesA sharesof theCoreBundles orSeriesAunits ofInvescoAllocationFundunder theDeferredSalesChargeoptionprior toApril 24, 2008,andyoucontinue topurchase additional sharesorunits of theseFunds using theCappedDeferredSalesChargeoption,yourDealerwill be paid4.25%.

Trailing commission – Wepaya trailing commission toyourDealereithermonthlyorquarterly forongoing servicesyourDealermayprovide toyouonyourSeriesA, SeriesB, SeriesD, SeriesDCA, Series P, SeriesPT4, SeriesPT6,Series PT8, Series T4, Series T6, SeriesT8, SeriesDSC, Series SC, SeriesHorSeries PH shares or units of theFunds (and, in the case of SeriesDCAHeritage,trailing commissions are paid toyourDealer fromthedate that units areswitched intoyourTransfer Fund(s)), except for InvescoAllocationFund.Thetrailing commission is a percentageof thevalueof the sharesorunitsyouhold.Wemaychange the termsof the trailing commissionprogramatany time.


The table belowshows the sales and trailing commissions payable foreachFund,whichdependon thepurchaseoptionyouchoose.

Salescommission

(%)

Annualtrailing

commission(%)

Salescommission

(%)

Annualtrailing

commission(%)

Salescommission

(%)

Annualtrailing

commission(%)

Salescommission

(%)

Annualtrailing

commission(%)

Fund SalesChargeoptionDeferredSalesChargeoption LowLoadoption LowerLoad4option

Invesco IntactiveTargetDatePortfolios

0–5.00 1.00until fiveyears beforehorizondate;

0.75 thereafter

4.90 For years 1–7:0.50until fiveyears beforehorizondate;

0.35 thereafter.After year7:1.00until fiveyears beforehorizondate;

0.75 thereafter1

1.00 1.00until fiveyears beforehorizondate;

0.75 thereafter

4.00 0.50 for years 1–4;1.00 thereafter untilfiveyears prior tohorizondate;0.75during final fiveyears prior tohorizondate

InvescoAllocationFund,SeriesA

0–5.00 – 4.902 – 1.00 – 4.00 –

InvescoAllocationFund,SeriesDandSeriesSC

0–5.00 – – – – – – –

Invesco IntactiveDiversified IncomePortfolio andInvesco IntactiveDiversified IncomePortfolioClass

0–5.00 0.75 4.90 0.35 foryears1–7;0.75

thereafter3

1.00 0.75 4.00 0.35 for years 1–4;0.75 thereafter

Trimark Interest Fund,SeriesSC

0–5.00 0.15 – – – – – –

Trimark Interest Fund,SeriesDSC

– – 4.50 0.15 1.00 0.25 3.00 0.15 foryears 1–4;0.25 thereafter

InvescoCanadaMoneyMarket Fund, SeriesA

0–5.00 0.25 4.50 0.15 1.00 0.25 3.00 0.15 foryears 1–4;0.25 thereafter

InvescoCanadaMoneyMarket Fund,SeriesDCA

0–5.00 1.00 4.90 0.50 1.00 1.00 4.00 0.50 for years 1–4;1.00 thereafter

InvescoCanadaMoneyMarket Fund,SeriesDCAHeritage

Thepurchaseoptionandcorresponding commissiondependon theTransfer Fund selectedby the investorunder theInvescoDollar-CostAveragingService.

InvescoShort-TermIncomeClass, SeriesA

0–5.00 0.25 – – 1.00 0.25 – –

InvescoShort-TermIncomeClass, SeriesB

– – 4.50 0.25 – – 3.00 0.25

TrimarkU.S.MoneyMarket Fund, SeriesSC

0–5.00 0.15 – – – – – –

TrimarkU.S.MoneyMarket Fund, SeriesDSC

– – 4.50 0.15 1.00 0.25 3.00 0.15 foryears 1–4;0.25 thereafter

TrimarkGovernmentPlus IncomeFund,TrimarkCanadianBondFund,TrimarkCanadianBondClass,TrimarkFloatingRate IncomeFund,TrimarkAdvantageBondFund,TrimarkGlobalHighYieldBondFundandInvescoEmergingMarketsDebt Fund

0–5.00 0.50 4.50 0.20 for years1–7; 0.50

thereafter4



Salescommission

(%)

Annualtrailing

commission(%)

Salescommission

(%)

Annualtrailing

commission(%)

Salescommission

(%)

Annualtrailing

commission(%)

Salescommission

(%)

Annualtrailing

commission(%)

Fund SalesChargeoptionDeferredSalesChargeoption LowLoadoption LowerLoad4option

Trimark IncomeGrowthFund, SeriesSC

0–5.00 0.30 – – – – – –

TrimarkDiversifiedIncomeClass

0–5.00 0.75 4.90 0.35 foryears1–7;0.75

thereafter5


TrimarkCanadianFund,SeriesSC

0–5.00 0.30 – – – – – –

TrimarkFund, SeriesSC 0–5.00 0.30 – – – – – –

FundsofferingSeriesDother thanInvescoAllocationFund6

0–5.00 0.50 – – – – – –

PowerShares Funds,SeriesA,T4,T6andT87

0–5.00 0.50–1.00 – – – – – –

All other Funds8 0–5.00 1.00 4.90 0.50 for years1–7; 1.00

thereafter9


1 The increases to the trailing commissions at year 8 only apply to new assets. If you purchased units of Invesco Intactive TargetDate Portfolios under the Deferred Sales Charge option prior to August 11, 2010, your Dealer will continue to receive 0.50% (or,where applicable, 0.35%) after year 7.

2 4.25% for Series A units of Invesco Allocation Fund bought under the Capped Deferred Sales Charge option that are to be switchedinto Series A shares of a Core Bundle that maintain the Capped Deferred Sales Charge option.

3 The increase to the trailing commission at year 8 only applies to new assets. If you purchased units of Invesco Intactive DiversifiedIncome Portfolio under the Deferred Sales Charge option prior to August 11, 2010, your Dealer will continue to receive 0.35% afteryear 7.

4 The increase to the trailing commission at year 8 only applies to new assets. If you purchased units of these Funds under theDeferred Sales Charge option prior to August 11, 2010, your Dealer will continue to receive 0.20% after year 7.

5 The increase to the trailing commission at year 8 only applies to new assets. If you purchased shares of Trimark Diversified IncomeClass under the Deferred Sales Charge option prior to August 11, 2010, your Dealer will continue to receive 0.35% after year 7.

6 Funds offering Series D other than Invesco Allocation Fund:Invesco Canadian Balanced FundInvesco Canadian Premier Growth FundInvesco Select Canadian Equity FundTrimark Global Balanced FundTrimark Global Endeavour FundTrimark U.S. Companies FundTrimark U.S. Small Companies Class

7 The annual trailing commission payable is 0.50% for PowerShares Real Return Bond Index Fund, PowerShares High Yield CorporateBond Index Fund, PowerShares 1-5 Year Laddered Corporate Bond Index Fund, PowerShares Tactical Bond Capital Yield Class andPowerShares Tactical Bond Fund. The annual trailing commission payable is 1.00% for each of the other PowerShares Funds.

8 If you purchased Series A shares of the Core Bundles under the Deferred Sales Charge option prior to April 24, 2008, and youcontinue to purchase additional shares using the Capped Deferred Sales Charge option, your Dealer will be paid a sales commissionof 4.25% and an annual trailing commission of 0.75% for years 1–6 and 1.0% thereafter.

9 The increase to the trailing commission at year 8 only applies to new assets. If you purchased shares or units of these Funds underthe Deferred Sales Charge option prior to August 11, 2010, your Dealer will continue to receive 0.50% after year 7.


Commissions for institutional accounts – We have a special commissionarrangement for some institutional investors that are eligible formanagement fee reductions. Institutional investors include foundations,endowments, insurance company-sponsored products, third-party assetallocation programs and other similar institutional investors. See Feesand expenses payable by the Funds on page 37.We pay some of theirDealers an alternative annual trailing commission of up to 0.25% of theaverage eligible assets in each of their accounts.We calculate the averageusing the asset balances on predetermined days.We pay thesecommissions monthly or quarterly.

Dealersupport

Co-operativemarketing – WemaypayyourDealer up to50%of theirdirectcosts to:

m Publishanddistribute sales communications

m Lead seminars toeducate investors onmutual funds, theFunds or, pursuanttoanexemptiongrantedby theCanadian securities regulators, taxorestateplanningmatters

WemayalsoprovideDealerswithmarketingmaterials and reports tohelp thempromote theFundsandother InvescoCanadaproducts or services.

Conferencesandseminars – In addition to co-operativemarketing,wemayalso:

mOrganize andpresent educational conferences forAdvisors, although theDealerdecideswhoattends

m PayAdvisors’ registration fees foreducational conferences organized andpresentedbyothers

m Pay industryorganizationsup to 10%of thedirect costs oforganizing andpresenting educational conferences

m PayDealers up to 10%of the costs ofeducational conferences they sponsorfor theirAdvisors

Dealer compensation from management fees

InvescoCanadapaidDealers compensationofapproximately 31%of the totalmanagementandadvisory feeswe received fromall of the InvescoCanadaFundsduringour financial year that endedDecember 31, 2010.This includesamountswepaid toDealers forcommissions andmarketing support programs.


Income tax considerations for investors

This information is ageneral summaryofCanadian federal incometax rulesand is not intended tobe legal or taxadvice.Weareassuming thatyouareanindividual (other thana trust)who is aCanadian residentand thatyouholdyoursharesorunits in theFundsascapital property.

Wehave tried tomake this discussioneasy tounderstand.Asa result,wedonotdescribe the tax rules in detail or coverall the taxconsequences thatmayapply.We recommendyouconsultyour taxadvisor foradvice aboutyour individual situation.

Howmutual funds earnmoney

Mutual fundsmakemoney inanumberofways.These include:

m Earning income in the formofdividends, interest, trust income, certaingainsand losses fromderivatives orother typesof returns from investments

m Realizing a capital gain if theysell an investment formore than its cost. (Afundmay realize a capital loss if it sells an investment for less than its cost)

If youhold units – EachTrust Fundwill distribute enoughof its net incomeandnet realized capital gains so that it does not have topayordinary income tax.EachTrust Fundgenerally flows its taxable income through to its investors inthe formofdistributions.This income is taxedas if youearned it directly.

InvescoAllocationFund mayhave topayalternativeminimumtax.

If youhold shares – Generally, both InvescoCorporateClass Inc. andInvescoCanadaFund Inc.will payenoughordinaryand capital gains dividendsso that theydonot have topay income taxon their capital gains or taxunderPart IVof the IncomeTaxAct (Canada) on taxable dividends receivedby themfromtaxableCanadian corporations.Taxable dividends fromtaxableCanadiancorporations earnedbyaFund are generally flowed through toyou, and youaretaxedon themas if youearned themdirectly.To theextent capital gainsdividendsarepaid,youwill alsobe taxedon themas if you realized the capitalgains directly.

InvescoCorporateClass Inc. and InvescoCanadaFund Inc.maypay taxonothertypes of income, including interest, trust income, foreign source dividends andcertain income fromderivatives. If taxbecomespayable, itwill be allocated totheCorporate Fundsona fairand reasonable basis. It is likely thatonly some,notall,CorporateFundswouldbeallocated taxes in those circumstances. PleaseseeFund corporation riskonpage9.

UnlikeTrust Funds,where capital gains and losses are computed separately foreachFund, realized capital gains and losses forCorporate Fundsare aggregatedacross eachcorporationanda capital gaindividend is paid only if thecorporationas awhole has net realized capital gains, afterdeducting anycapitalloss carry forwardgenerated inprior periods and after taking the capital gainsrefund into consideration.Theamountofcapital gains refund (and thus theamountof the capital gains dividends tobepaid byaCorporate Fund)will beaffectedby the level of redemptions fromall Fundswithin theCorporation, aswell as realizedgains and losses of theCorporationas awhole. AFundmayhavetomodify its investments as a consequenceof investors switchingbetweenFunds.As a result,more accruedgains and lossesmaybe recognized at anearlier time comparedwithmutual funds thatdonotallow for tax-deferred


switching amongasset pools. In certain circumstances, thismayaccelerate therecognitionofgains by investors as a consequenceof theearlier paymentofcapital gains dividends.

Derivatives – The tax treatmentofderivativeswill varydependingon the typeofderivative instrumentand thepurpose for using thederivative. Someof theFundsmayenter into creditdefault swaps and interest rate swaps and thegainsor losseson these transactions are treated onaccountof income,meaning theyare taxed in the samemanneras ordinary income. ForTrust Funds, thesegainsor lossesmaybe flowed through to investors so that theTrust Funddoes notpay tax. ForCorporate Funds, ordinary incomecannot be flowed through toinvestors. As such, ifgains on thesederivatives cannot beoffset byexpenses orother items, then theCorporate Fundmaybe liable for income tax. Someof theFundsalsoengage in currencyhedging. In somecases, the gains oncurrencyhedging are treated as capital gains and, in othercases, theyare treated asordinary income. It is our belief that typically, capital treatment is appropriatewhere thehedging activity is not speculative innature, and thatotherwise,income treatment is appropriate. In otherwords,wherehedging activity isbasedoncertain fixedparameters that aredetailed in theprospectus asopposed tobeing at thediscretionof theportfoliomanager,webelieve thatcapital treatment is appropriate.

Howyour investment is taxed

The taxyoupayonyourmutual fund investmentdependsonwhether youholdyour shares or units in anon-registered accountor registeredplan.

Non-registeredaccounts

Distributions – Distributionsmade toyouby theCorporate Fundsmaybepaidasordinarydividends orcapital gains dividends and/ormadeas returns ofcapital.The tax treatmentofordinarydividends and capital gains dividends isdescribedbelow.Distributions fromtheTrust Fundsmaybepaid as income,capital gains and/oras returns ofcapital. Adistribution toyou fromaTrust Fundwill generally be treated as a returnofcapital if distributions toyou in theyearexceedyour shareof theTrust Fund’s net income.The tax treatmentofdistributionsof incomeand capital gains fromtheTrust Funds is describedbelow.Returnsofcapitalmay result in anencroachment uponyouroriginalinvestmentand, over time,may result in the return toyouof the entire amountof youroriginal investment. A returnofcapitalmade toyou is not immediatelytaxable inyourhands, butwill reduce the adjusted cost base (ACB)of yoursharesorunits onwhich itwas paid.However, if distributions are reinvested inadditional shares orunits of theFund, theACBwill increaseby the amountreinvested.Wherenet reductions to theACBof shares or unitswould result in anACBbecominganegative amount, suchamountwill be treated as a capital gainrealizedbyyou in theyear it occurs and theACBof your shares or unitswill thenbenil.Generally, a higher fixeddistribution ratewill result in a largeramountbeing returnedas capital.You should consult yourown taxadvisor regarding thetax treatment toyouofmonthlydistributions and the reinvestmentof suchdistributions inyourparticularcircumstances.

Generally,youmust include the taxable portionofall dividends fromCorporateFundsand the taxable portionofdistributions fromTrust Funds (whichmayincludemanagement feedistributions), in computing your income.This is thecasewhether you receive them in cashor reinvest them in additional sharesorunits.The applicable dividendgross-up and taxcredit ruleswill apply toordinarydividends fromCorporate Funds. InvescoCorporateClass Inc. andInvescoCanadaFund Inc.will take steps to pass on toyou thebenefit of the


Howdo I calculate theACBofmysharesorunits?

TheaggregateACBof your sharesorunits ofa series ofa Fund ismadeupof:

m Theamountyoupaid for your sharesorunits, including salescommissionsplus

mAny reinvesteddividendsordistributionsplus

m TheaggregateACBofanyunits ofadifferent series of the sameTrust Fundthatwere switched to suchunitsplus

m TheaggregateACBofanysharesofadifferent class or series of the samecorporation thatwere switched to suchsharesminus

mAnydistributions thatwere a returnofcapitalminus

m TheACBofanysharesorunits alreadyredeemedminus

m TheaggregateACBofanyunits of suchseries thatwere switched toanotherseries of the sameTrust Fundminus

m TheaggregateACBofanysuchsharesthatwere switched to sharesofanotherclass or series of thesamecorporation

Your taxadvisorcanhelpyouwiththese calculations.

enhanceddividend taxcredit that is generallyavailablewith respect to eligibledividendspaid by theCorporate Funds.Capital gains dividends fromCorporateFundswill be treated as realized capital gains inyour handsandwill be subjectto the general rules relating to the taxationofcapital gains. If you receive amanagement fee reductionpayment fromuswith respect toyour investment inaCorporate Fund, generally, thatmust be included inyour income.TheTrust Fundswill take steps so that capital gains,Canadiandividends and foreignsource incomeearnedby the Fundwill retain their characterwhenpaid toyou.Theapplicable dividendgross-up and taxcredit ruleswill apply toCanadiandividends that are distributed toyou fromtheTrust Funds.TheTrust Fundswillalso take steps topass on toyou thebenefit of the enhanceddividend taxcreditthat is availablewith respect to certain eligible dividends received fromCanadian corporations and the foreign taxcredit thatmaybeavailable inrespectof foreignnon-business income taxpaid.

Youmaynot be able todeductmanagement feesyoupayonSeries I shares orunits fromyour income.

Weprovideyouwith:

m T5 tax slips showing the amount and typeofdividends (Canadiandividendseligible for theenhanced taxcredit,Canadiandividendsother thaneligibledividends and capital gains dividends) and returnsofcapital you receivedfromeachCorporate Fund, and

m T3 taxslips showing theamountand typeofdistributions (Canadiandividendseligible for theenhanceddividend taxcredit,Canadiandividendsother thaneligible dividends, capital gains, other income, foreign incomeand/or returnsofcapital) you received fromeachTrust Fund, and showing any relatedforeignnon-business income taxpaid.

Adjustedcostbase (ACB) –Theamountofany reinvesteddividends ordistributions is added toyourACB to reduceyourcapital gain or increaseyourcapital losswhenyou redeemthose sharesorunits, so that youdonot pay taxtwiceon the sameamount.

Amountsyou receive as a returnofcapitalwill not be included inyour incomebutwill reduceyourACBof such shares or units. If theACBof your sharesorunits is reduced toanamount less thanzero,youwill immediately realize acapital gain equal to that amountat that timeandyourACBwill thenbezero.

Buyingshares or units justbefore adividendordistributiondate – Whenyoubuyshares or units ofa Fund just before adividendordistributiondate,youwillbe taxedon the entire dividendordistributioneven though theFundmayhaveearned the incomeor realized thegaingiving rise to the dividendordistributionbeforeyouowned the sharesorunits.

Portfolio turnover rate –ThehigheraFund’s portfolio turnover rate, thegreaterthe chance that youwill receive a capital gains dividend (fromaCorporate Fund)ora distributionofcapital gains (fromaTrust Fund). Anygains realizedby theFundwould beoffset byany losses realizedon its portfolio transactions.There isnot necessarilya relationship betweenahighportfolio turnover rate and theperformanceofa Fund.

Tax impactof redeemingyoursharesorunits – If you redeemshares or units(includingon thewind-upofan Invesco Intactive TargetDatePortfolio)with aNAVthat is greater than theACB,youhavea capital gain. If you redeemsharesor units (includingon thewind-upofan Invesco IntactiveTargetDatePortfolio)with aNAVthat is less than theACB,youhave a capital loss.Youmaydeduct anyredemptionexpenses, suchas redemption fees, in calculating yourcapital gainsor losses.


Whatare theFunds’dividendordistributiondates?

InvescoCorporateClass Inc. andInvescoCanadaFund Inc. generally payordinaryand capital gains dividends, ifany, inMarchandMay, respectively.Distributions,whichmay includeordinarydividendsand/or returnsofcapital, inrespectof (a) T-FLEXseries shares and(b) sharesofcertainPowerShares Fundsarepaid/mademonthlyorquarterly.

Manyof theTrust Fundspaydistributionsof incomeand/orcapital gains late in thecalendar year. Someof theTrust Fundsmayalsopay regularmonthly, quarterlyor semi-annual distributionsof income.Distributionsby the Invesco IntactiveTargetDatePortfolios and in respectofT-FLEXseries units,whichare expectedto include returnsofcapital, aremademonthly. Distributions in respectofcertainunits ofPowerShares Fundsmayalso include returnsofcapital.

Thedetails ofeachFund’s distributionpolicyare setout underDistributionpolicy in thedescription for theFund.

What is theportfolio turnover rate?

Theportfolio turnover rate tellsyouhowoften theportfoliomanager/portfoliomanagement teamboughtand soldsecurities for theFund.

Generally, one-halfofa capital gain is included inyour incomeandyoumaydeductone-halfof yourcapital losses fromyour taxable capital gains, subject tocertain tax rules.

Youmust keepa recordof thepriceyoupaid for your sharesorunits andanydividendsordistributionsyoureceivedand reinvested inadditional sharesorunits. If youbought inU.S. dollars,youmust keepa recordof theexchange rateonthedayyouboughtyoursharesorunits.These recordswill allowyou tocalculateyourcapital gainsorcapital losseswhenyou redeemyoursharesorunits.

TrimarkU.S.MoneyMarketFund – Units of TrimarkU.S.MoneyMarket Fundare available only inU.S. dollars. If youownanyof theseunits,youmay realize acapital gainor loss if there is a change in thevalueof theU.S. dollar relative totheCanadiandollar between thedateyouboughtyour units and the dateyouredeemed them.

Tax impactof rebalancing – Rebalancing InvescoCanadaFunds in theInvescoRebalancingServicewill triggercapital gains orcapital losses, exceptwhere the rebalancing is betweensharesofdifferent classes of thesamecorporation.

Tax impactof switchingbetween InvescoCanadaFundsandseries –Switching sharesor units ofa Fund is the sameas a redemptionwith twoexceptions. Switching sharesofaCorporate Fund for shares ofanotherclass ofthe samecorporation, or switching shares or units ofone series to shares orunits ofanotherseriesof the sameFund (other thanswitches toor fromSeriesHofa Trust Fund), is generally not a disposition for taxpurposes andwill generallynot result in a capital gainor loss.The total cost for taxpurposes of the shares orunitsyou receiveon sucha switchwill be the sameas the totalACBof the sharesor units that you switched.

Registeredplans

Youdonot pay taxondividends ordistributionsyou receive in a registeredplanas longasyoudonotmakeawithdrawal fromtheplan.Withdrawals fromaTFSAaregenerally not subject to tax.You should consult yourown taxadvisor foradviceonwhetheror not an investment in a Fundwould be aprohibitedinvestment for your registeredplan.

Tax impactof redeemingorswitchingyourshares orunits – Whenyouredeemorswitchyour sharesorunits held in a registeredplan,youdonot paytaxas longasyoudonotwithdraw theproceeds fromyour registeredplan.Whenyouwithdrawamounts fromyour registeredplan,youwill generally paytaxon the amountyouwithdrawatyourmarginal tax rate (special rules apply toRESPsandRDSPs, andwithdrawals fromaTFSAaregenerally not subject totax).Whenyouwithdraw funds froman Invesco-administered registered plan,wewill deduct redemption fees andwithholding taxes,where applicable.

Contribution limit – If youcontributemore toyour registered plan thanyouareallowedunder the IncomeTaxAct (Canada),youmayhave topaypenalty tax.

What are your legal rights?

Securities legislation in someprovincesgivesyou the right towithdraw fromanagreement tobuymutual fundswithin twobusiness days after you receive theSimplifiedProspectus, or to cancel your purchasewithin48hours after youreceive confirmationof yourorder.


Securities legislation in someprovinces and territories alsoallowsyou to cancelanagreement tobuymutual fund sharesorunits andget yourmoneyback, ortomakea claim fordamages, if theSimplifiedProspectus, FundFactsAIF,MRFPor financial statementsmisrepresent any facts about the Fund.Youmust usuallyexercise these rightswithin a certain timeperiod.

Youcangetmore information fromthe securities legislationof yourprovince orterritoryor fromyour lawyer.

Additional information

Aligning fundgovernance

Our InvescoCanadaFunds are structured in twoways:

m AsCorporate Funds,with aboardofdirectors (the “Board ofDirectors”)supervising themanagementofeachof the two fund corporations(InvescoCorporateClass Inc. and InvescoCanadaFund Inc.)

m AsTrust Funds,whichare governedbyaDeclarationofTrust thatgives thetrustee the legal authority todirect andmanage thebusiness andaffairs ofthese funds

Tohelp uswith ourduties as trustee,wehaveestablished theAdvisoryBoard.

There are currently elevenmembers of theAdvisoryBoard. In order topromoteefficiencyand toavoid unnecessaryduplication,wehaveappointed to theAdvisoryBoard those individualswhoserve asmembers of theBoardsofDirectors of the fund corporations. Amajority (nineofeleven)of themembersof theBoardsofDirectors and theAdvisoryBoard (the “Boards”) areindependent of InvescoCanada.

TheBoardsoverseevariousmatters relating to the InvescoCanadaFunds, including:

m Their investment performance, investment policies, financial statements andothercompliance policies

m Proposed changes to the InvescoCanadaFunds, including changes in trustee,auditors,manager (except toanaffiliate), investmentobjectives orinvestment strategies

m Anyothermatters tobevotedonby investors

Indexdisclaimer

Sharesorunits of thePowerShares Funds and shares of the underlyingInvescoPowerShares ETFs are not in anywaysponsored, endorsed, sold orpromotedbyanyof thePowerShares Funds’or InvescoPowerSharesETFs’underlying indexproviders or theiraffiliates, and these companiesmakenorepresentationorwarranty, express or implied, as to the results tobeobtainedfromtheuseof the index.Noneof these companies are affiliatedwithInvescoCanadaLtd., InvescoPowerSharesCapitalManagement LLC,orInvescoAdvisers, Inc., noranyof theiraffiliates. Products are not sponsored,endorsed, sold or promotedbyanyof the indexproviders, and the indexprovidersmakeno representation regarding the advisabilityof investing inthese Funds.

PowerShares FTSERAFICanadianFundamental IndexClass, PowerShares FTSERAFI EmergingMarkets Fundamental Class, PowerShares FTSERAFIU.S.


Fundamental Fund andPowerShares FTSERAFIGlobal+Fundamental Fundarenot in anywaysponsored, endorsed, sold or promotedbyFTSE InternationalLimited (“FTSE”), by theLondonStockExchangePLC (the “Exchange”),TheFinancial TimesLimited (“FT”) or byResearchAffiliates»LLC (“RA”)(collectively the “LicensorParties”), and noneof theLicensorPartiesmakeanywarrantyor representationwhatsoever, expresslyor impliedly, eitheras to theresults to beobtained fromtheuseof the FTSERAFIUS 1000 Index, FTSERAFIDevelopedexUS 1000 Index, FTSERAFI Emerging Indexand/or the figure atwhich the said indices standat anyparticular timeonanyparticulardayorotherwise.The above indices are compiled and calculatedbyFTSE inconjunctionwithRA.Noneof theLicensorParties shall be liable (whether innegligenceorotherwise) to anyperson foranyerror in theabove indices andnoneof theLicensorParties shall be underanyobligation toadvise anypersonofanyerror therein.

FTSE» is a trademarkof theExchangeand the FT. Fundamental Index»andRAFI» tradenames, patented andpatent-pending conceptare the exclusivepropertyofResearchAffiliates, LLC.USPatentNos.7,620,577;7,747,502; and7,792,719; Patent PendingPubl. Nos.US-2007-0055598-A1,US-2008-0288416-A1,US-2010-0191628,WO2005/076812,WO2007/078399A2,WO2008/118372, EPN 1733352, andHK1099110.

PowerSharesCanadianPreferredShare IndexClass andPowerSharesGlobalDividendAchievers Fundarenot in anywaysponsored, endorsed, sold orpromotedby Indxis, Inc. (“Indxis”) and Indxis does notmakeanywarrantyorrepresentationwhatsoever, expresslyor impliedly, eitheras to the results tobeobtained fromtheuseof the Indxis Select CanadianPreferredShare Index, theBroadDividendAchievers Indexand the International DividendAchievers IndexSelect (together, the “Indices”) and/or the figureatwhich the said Indices standsat anyparticular timeonanyparticulardayorotherwise.The Indices arecompiled and calculatedby Indxis. Indxis shall not be liable (whether innegligenceorotherwise) to anyperson foranyerror in the Indices and Indxisshall not beunderanyobligation toadvise anypersonofanyerror therein.Indxis and the Indices are the exclusive propertyof Indxis.

PC-Bond is a business unit of TMX Inc.Copyright � TMX Inc.All rights reserved.Theinformation containedhereinwith respect toPC – Bondmaynot be sold ormodifiedor used tocreate anyderivativeworkwithout thepriorwrittenconsentof TMX Inc.

PC-Bondand theParties fromwhomPC-Bondobtains data donot have anyliability for theaccuracyorcompleteness of the dataprovidedor fordelays,interruptions oromissions thereinor the results tobeobtained through theuseof this data. NeitherPC-Bondnor the parties fromwhom it obtains datamakeany representation,warrantyorcondition, eitherexpress or implied, as to theresults to beobtained fromtheuseof the data oras to themerchantable qualityor fitness of thedata fora particular purpose.

“BofAMerrill Lynch” and “The BofAMerrill Lynch US High Yield 100 Index” arereprintedwith permission. � Copyright 2011 Merrill Lynch, Pierce, Fenner&Smith Incorporated (“BofAMerrill Lynch”). All rights reserved. PowerSharesHigh Yield Corporate Bond Index Fund is not issued, sponsored, endorsed orpromoted by BofA Merrill Lynch, anyaffiliate of BofAMerrill Lynchoranyother party involved in, or related to, making or compiling the BofAMerrillLynch Indexes.The BofAMerrill Lynch Indexes are the exclusive propertyofBofAMerrill Lynch and/or its affiliates. “BofAMerrill Lynch” and “The BofAMerrill Lynch US High Yield 100 Index” are service marks of BofAMerrill Lynchand/or its affiliates and have been licensed for use for certain purposes byInvesco CanadaLtd. on behalf of PowerSharesHighYield Corporate BondIndex Fund. NeitherBofA Merrill Lynch, anyaffiliate of BofAMerrill Lynchnoranyother party involved in, or related to, making orcompiling theBofA Merrill


Lynch Indexesmakes any representation orwarranty, express or implied, totheunitholders of PowerSharesHighYield Corporate Bond Index Fundoranymemberof the public regarding theadvisabilityof investing in securitiesgenerally or in PowerSharesHighYield Corporate Bond Index Fundparticularlyor the abilityof TheBofAMerrill LynchUSHighYield 100 Index totrack the corresponding market performance. BofAMerrill Lynch is thelicensorof certain trademarks, trade names and service marks of BofAMerrillLynch and/or its affiliates and of The BofA Merrill Lynch US HighYield 100Index,which is determined, composed and calculated by BofA Merrill Lynchand/or its affiliateswithout regard to InvescoCanada Ltd., PowerSharesHighYield Corporate Bond Index Fundor theunitholders of PowerSharesHighYield Corporate Bond Index Fund. Neither BofAMerrill Lynch, anyaffiliate ofBofAMerrill Lynchnoranyother party involved in, or related to, making orcompiling The BofAMerrill Lynch US High Yield 100 Index has anyobligationto take the needs of InvescoCanadaLtd., PowerShares High Yield CorporateBond Index Fundor theunitholders of PowerSharesHighYield CorporateBond Index Fund into consideration in determining, composing or calculatingTheBofA Merrill LynchUSHighYield 100 Index. Noneof BofAMerrill Lynchoranyof its affiliates has the obligation to continue to provide TheBofAMerrillLynchUSHighYield 100 Index to InvescoCanada Ltd. or PowerSharesHighYield Corporate Bond Index Fundbeyond the applicable license term.NeitherBofAMerrill Lynch, anyaffiliate of BofA Merrill Lynchnoranyother partyinvolved in, or related to, making or compiling The BofA Merrill LynchUSHighYield 100 Index is responsible foror has participated in the determinationofthe timing, pricing, orquantities of PowerSharesHighYield Corporate BondIndex Fund to be issued or in the determinationorcalculationof theequationbywhichPowerSharesHighYield Corporate Bond Index Fund is to beredeemable forcash.Neither BofAMerrill Lynch, anyaffiliate of BofAMerrillLynchnoranyother party involved in, or related to, makingor compiling TheBofAMerrill LynchUSHighYield 100 Index has anyobligation or liability inconnectionwith theadministration,marketingor tradingof thePowerSharesHigh Yield Corporate Bond Index Fund. BofAMerrill Lynch and its affiliates donot provide investmentadvice to InvescoCanada Ltd. or PowerSharesHighYield Corporate Bond Index Fundand are not responsible for theperformanceof PowerSharesHighYield Corporate Bond Index Fund.

NEITHERBOFAMERRILLLYNCH,ANYAFFILIATEOFBOFAMERRILLLYNCHNORANYOTHERPARTY INVOLVED IN,ORRELATEDTO,MAKINGORCOMPILINGTHEBOFAMERRILLLYNCHUSHIGHYIELD 100 INDEXWARRANTSORGUARANTEESTHEACCURACY,QUALITY,TIMELINESSAND/ORCOMPLETENESSOFTHEBOFAMERRILLLYNCHUSHIGHYIELD 100 INDEXORANYDATA INCLUDEDTHEREINAND/ORPROVIDEDTHEREWITHANDSHALLHAVENOLIABILITYFORANYERRORS,OMISSIONS,OR INTERRUPTIONSTHEREIN.NEITHERBOFAMERRILLLYNCH,ANYAFFILIATEOFBOFAMERRILLLYNCHNORANYOTHERPARTY INVOLVED IN,ORRELATEDTO,MAKINGORCOMPILINGTHEBOFAMERRILLLYNCHUSHIGHYIELD 100 INDEXMAKESANYWARRANTY, EXPRESSOR IMPLIED,ASTORESULTSTOBEOBTAINEDBYINVESCOCANADALTD., POWERSHARESHIGHYIELDCORPORATEBONDINDEXFUND,UNITHOLDERSOFPOWERSHARESHIGHYIELDCORPORATEBOND INDEXFUND,ORANYOTHERPERSONORENTITYFROMTHEUSEOFTHEBOFAMERRILLLYNCHUSHIGHYIELD 100 INDEXORANYDATA INCLUDEDTHEREIN.NEITHERBOFAMERRILLLYNCH,ANYAFFILIATEOFBOFAMERRILLLYNCHNORANYOTHERPARTY INVOLVED IN,ORRELATEDTO,MAKINGORCOMPILINGTHEBOFAMERRILLLYNCHUSHIGHYIELD 100 INDEXMAKESANYEXPRESSOR IMPLIEDWARRANTIES,ANDEXPRESSLYDISCLAIMSALLWARRANTIESOFMERCHANTABILITYORFITNESSFORAPARTICULARPURPOSEORUSEWITHRESPECTTOTHEBOFAMERRILLLYNCHUSHIGHYIELD 100 INDEXORANYDATA INCLUDEDTHEREINAND/ORPROVIDED


THEREWITH.WITHOUTLIMITINGANYOFTHEFOREGOING, INNOEVENTSHALLBOFAMERRILLLYNCH,ANYAFFILIATEOFBOFAMERRILLLYNCHORANYOTHERPARTY INVOLVED IN,ORRELATEDTO,MAKINGORCOMPILINGTHEBOFAMERRILLLYNCHUSHIGHYIELD 100 INDEXHAVEANYLIABILITYFORDIRECT, INDIRECT, PUNITIVE, SPECIAL,CONSEQUENTIALORANYOTHERDAMAGESORLOSSES (INCLUDINGLOSTPROFITS), EVEN IFNOTIFIEDOFTHEPOSSIBILITYTHEREOF.THEREARENOTHIRDPARTYBENEFICIARIESOFANYAGREEMENTSORARRANGEMENTSBETWEENBOFAMERRILLLYNCHANDINVESCOCANADALTD.

Nopurchaser, selleror holderof this security, oranyother personorentity,should use or refer to anyBofAMerrill Lynch tradename, trademarkor servicemark to sponsor, endorse,marketor promote this productwithout firstcontacting BofAMerrill Lynch todeterminewhetherBofAMerrill Lynch’spermission is required.Under nocircumstancesmayanypersonorentityclaimanyaffiliationwithBofAMerrill Lynchwithout thewrittenpermissionofBofAMerrill Lynch.

PowerShares QQQ Class is not sponsored, endorsed, sold or promoted by TheNASDAQ OMXGroup, Inc. or its affiliates (NASDAQ OMX,with its affiliates, arereferred to as the “Corporations”).TheCorporations have not passed on thelegalityor suitability of, or theaccuracyoradequacyofdescriptions anddisclosures relating to, PowerSharesQQQ Class.TheCorporations make norepresentation orwarranty, express or implied, to the owners of PowerSharesQQQ Class oranymemberof thepublic regarding the advisabilityof investingin securities generally or inPowerSharesQQQ Class particularly, or the abilityof the NASDAQ – 100 Currency Hedged CADSM Index to trackgeneral stockmarket performance.TheCorporations’only relationship to the Sub-advisor isin the licensing of the NASDAQ», OMX», NASDAQ OMX», NASDAQ100»,NASDAQ – 100 Index», NASDAQ–100 Currency Hedged CADSM Index,NDXCADHSM, NASDAQ – 100 Currency HedgedCADTotal ReturnSM andXNDXCADHSM trade/service marks, and certain trade namesof theCorporations and theuse of the NASDAQ – 100 Currency Hedged CADSM

Index,which is determined, composed and calculated byNASDAQ OMXwithout regard to theSub-advisororPowerSharesQQQ Class. NASDAQ OMXhas no obligation to take the needs of theSub-advisoror theowners ofPowerShares QQQ Class into consideration in determining, composing orcalculating the NASDAQ – 100 Currency Hedged CAD Index.The Corporationsare not responsible forand have not participated in thedeterminationof thetimingof, prices at, or quantities of the Product(s) to be issued or in thedetermination or calculation of the equation by which the Product(s) is to beconverted into cash.The Corporationshave no liability in connectionwith theadministration,marketing or tradingof PowerShares QQQ Class.

THECORPORATIONSDONOTGUARANTEETHEACCURACYAND/ORUNINTERRUPTEDCALCULATIONOFTHENASDAQ – 100CURRENCYHEDGEDCAD INDEXORANYDATA INCLUDEDTHEREIN.THECORPORATIONSMAKENOWARRANTY, EXPRESSOR IMPLIED,ASTORESULTSTOBEOBTAINEDBYTHESUB-ADVISOR,OWNERSOFPOWERSHARESQQQCLASS,ORANYOTHERPERSONORENTITYFROMTHEUSEOFTHENASDAQ – 100CURRENCYHEDGEDCAD INDEXORANYDATA INCLUDEDTHEREIN.THECORPORATIONSMAKENOEXPRESSOR IMPLIEDWARRANTIES,ANDEXPRESSLYDISCLAIM,ALLWARRANTIESOFMERCHANTABILITYORFITNESSFORAPARTICULARPURPOSEORUSEWITHRESPECTTOTHENASDAQ – 100CURRENCYHEDGEDCAD INDEXORANYDATA INCLUDEDTHEREIN.WITHOUTLIMITINGANYOFTHEFOREGOING, INNOEVENTSHALLTHECORPORATIONSHAVEANYLIABILITYFORANYLOSTPROFITSORSPECIAL, INCIDENTAL, PUNITIVE,INDIRECT,ORCONSEQUENTIALDAMAGES, EVEN IFNOTIFIEDOFTHEPOSSIBILITYOFSUCHDAMAGES.


Glossary

ACB Adjusted cost base.

assignment The transferof rights andobligationsundera contract to another personororganization. In thecaseof floating rate bank loans, this refers toonewaythat an investorcanpurchasea loan (the other is aparticipation). Anassignment is a direct sale of the loan.Theassignee (thebuyeror investor) becomesaparty tothe credit or loanagreementand, amongother things,assumes the rights and obligationsofa lender under thecredit or loanagreement.

benchmark index Abroadmarketormarket segmentindex thatmaybeused forcomparative purposes toevaluate theperformanceofamutual fundorportfoliomanager.

bond Adebt instrumentwithgreater thanoneyear tomaturityat the timeof issuance thatgenerally pays afixedor floating amountof interest andhas a setmaturitydate.

commonshares Equity shares that representownership ofa company.They rankbehindpreferredshares andothercreditors if the companygoesbankrupt.

convertible securities Securities thatmaybe changedfromone form toanotherat a predeterminedprice. Forexample, a corporationmay issue convertible preferredshares thatmaybe changed into commonshares at aset price.

convertingbetweenclasses Switching fromone classto anotherclass of the samemutual fund corporation.Conversions are not taxable dispositions.

cover Refers to the requirementofa Fund tohold cashor nearcash to covercertainderivatives.

derivatives Investmentswhosevalue is basedon, orderived from, anunderlying asset, suchas a securityoramarket index. Derivatives are not adirect investment intheunderlyingasset itself. Derivatives areoftencontractswithanother party tobuyor sell anasset at a laterdate.Somecommonderivatives are futures or forwardcontracts oroptions.

diversification Investing inmanydifferent typesofsecurities to reduceyourpotential risk.Youmaydiversifyyour investments inmanyways, includingbyasset class,market capitalization,management style, countryor industry.

dynamicassetallocation Anactive asset allocationstrategyusedby the Invesco Intactive TargetDatePortfolioswherebyeachyear, as an Invesco IntactiveTarget DatePortfolio advances toward its horizondate,

the target asset allocationof the Invesco IntactiveTargetDatePortfolio is adjusted to reflect amore conservativemixofassets,with a greateremphasis oncapitalpreservationand income.

EAFE Anacronymreferring to thegeographicarea thatincludes the regionsofEurope, Australasia and theFar East.

emergingmarkets Countries around theworld otherthanAustralia,Canada, Japan,NewZealand, theUnitedStates, theUnitedKingdomand the countries ofWesternEurope.

equitysecurities Sharesorother securities thatrepresent anownership interest in a company, includingcommonshares, preferred shares and securitiesconvertible into commonshares. Someequities payregulardividends; others donot.

ETF Anexchange-traded fund.

fixed-incomesecurities Investments that typically paya fixedor variable rateof interest includingbondsanddebentures.

floating ratedebt instruments Financial instrumentsthat payavariable (or “floating”) rate of interest.The rateof interest that is paid ismadeupofa base lending rate,suchas theLondon InterbankOfferedRate (LIBOR), plusa fixedpercentage rate.These instruments are generallyless price sensitive to interest rate changes than fixed-incomesecurities. Anexample is floating rate bank loans.

forwardcontract Anagreement to buyor sell a certainquantityofa commodity, currencyor securityover thecounterat a particular price, fordeliveryat a specifiedfuture date.

futurescontract Anagreement tobuyor sell a certainquantityofa commodity, currencyor securityat aparticular price ona specified futuredateonadesignated exchange.

horizondate Decemberof theapplicableyearincorporated in thenameofan Invesco IntactiveTargetDatePortfolio in respect ofeach Invesco IntactiveTargetDatePortfolio. Forexample, Invesco Intactive2023Portfolio has a horizondateofDecember 2023.

index fund Amutual fund that aims tomatch itsportfolio to thatofa specific financialmarket index,withthe objective of tracking thegeneral performanceofthat index.

Invesco-administered registeredplan AnRRSP,RRIF,RESP,TFSA, LIRA, LRSP, LIF, RLSP,RLIF, LRIForPRIF that


youhold directlywithus.An Invesco-administeredregisteredplanmayonly hold InvescoCanadaFunds.

large-cap Seemarket capitalization.

LIF A life income fund.ARRIFestablishedwith locked-infunds transferreddirectlyor indirectly fromapensionplan.

LIRA A locked-in retirement account. AnRRSPestablishedwith locked-in funds transferred directlyorindirectly fromapensionplan.

LRIF A locked-in retirement income fund.ARRIFestablishedwith locked-in funds transferred directlyorindirectly fromapensionplan (available only incertainprovinces).

LRSP A locked-in retirement savings plan.Adifferentname foraLIRAused in certain jurisdictions.

managementexpense ratio (MER) TheMER iscalculated foreach series of shares or units ofa Fund, andreflects themanagementandadvisory fees and certainexpenses borneby that series.These expenses includemostof theoperating expensesdescribed in thesectionOperating expenses, but excludebrokeragecommissionsonportfolio transactions andother portfoliotransaction costs, including anyHSTapplicable to suchcosts, stamp taxes and certainother taxes.TheMER isexpressed as anannualizedpercentageofdailyaveragenetassets of the series of the Fundduring theperiod.

marketallocation Theexposure toa sectororcountryrelative to the index.

marketcapitalization The size ofa companymeasuredby thenumberof shares outstandingmultiplied by thepriceofeach share. InCanada, a large-cap company istypically understoodas having amarket capitalizationgreater thanorequal to 1.0%of the total capitalizationoftheS&P/TSXComposite Index. A small-cap company istypically understoodas having amarket capitalizationless thanorequal to0.1%of the total capitalizationof theS&P/TSXComposite Index.Amid-cap companywouldtypically have amarket capitalization that is betweenthese two thresholds. In theU.S., a large-cap company istypically understoodas having amarket capitalizationgreater than300%of thedollar-weightedmedianmarketcapitalizationof themiddle 1,000 securities in theS&PSuperComposite 1500 Index.A small-cap company istypically understoodas having amarket capitalizationless than250%of the dollar-weightedmedianmarketcapitalizationof the smallest 500of themiddle 1,000securities in theS&PSuperComposite 1500 Index.Amid-cap company typicallywould have amarket capitalizationthat is between these two thresholds.The criteria for

defining large,mid and small capitalization canvarysignificantly fromcountry to country.

mid-cap Seemarket capitalization.

moneymarketsecurities Short-termsecuritieswithmaturities of less thanoneyear, suchasTreasury bills,commercial paper, bankers’acceptances and certificatesofdeposit.

non-participating provinces Theprovinces andterritories thatdonot chargeHSTongoods and services;rather, suchprovinces and territories continue to chargeonlyGSTand,whereapplicable, PST.TheycurrentlyincludeAlberta,Manitoba, Nunavut, NorthwestTerritories, PrinceEdward Island,Quebec, SaskatchewanandYukon.

option The right, but not theobligation, to buyor sellcurrencies, commodities or securities at anagreedpricewithin a specific timeperiod.

over-the-counter (OTC)market Amarket inwhichsecurities are traded througha telephoneand computernetwork rather thanon the floorofa stockorbondexchange. Some securities that trade in thismarketmaynotmeet the listing requirements of stockexchangeswhile somemaymeet the listing requirements but choosetheOTCmarket.

participation This is oneway that an investorcanpurchasea loan (the other is anassignment). Aparticipation is anagreement betweenanexisting lenderandaparticipant (thebuyeror investor).Thebuyerorinvestor takes a participating interest in the lender’s loan.Unlike anassignment, the loan is not transferred.Thelender remains on record as the creditor.Under theparticipationagreement, the lenderhas topass throughall interest, fees andprincipal payments tothe participant.

portfolio turnover rate Measures howoftena portfoliomanageror theportfoliomanagement teambuysandsells portfolio investments. Forexample, a portfolioturnover rateof 100%maymean theportfoliomanager(s) boughtor sold each investment in theportfolio onceduring theyear.

preferredshares Equity shares representingownership ofa company that pay regulardividends.Called preferredbecause they rankaheadofcommonshares, but behindothercreditors, if the companygoes bankrupt.

PRIF Aprescribed retirement income fund.ARRIFforlocked-in funds transferred directlyor indirectly fromapensionplangovernedbySaskatchewanorManitobapension legislation.


Glossary (continued)

real returnbond Abond that provides a rate of returnthat excludes the impactof inflation.The “real” rate ofreturn is determinedbydeducting the rateof inflationfromthenominal interest rate.

RDSP Aregistereddisability savings plan.

redemptionSelling your shares or units ofa Fund to theFundat theNAVpershare or unit.

registeredplan Asavingsplan registeredwith theCanadaRevenueAgency. IncludesRRSPs, RRIFs, LIFs,LIRAs, LRIFs, PRIFs, LRSPs, RDSPs, RESPs,TFSAs, RLSPs,RLIFs anddeferred profit sharing plans. Incomeandcapital gains earnedon investments held in a registeredplanare generally tax-deferred.

REIT Areal estate investment trust.

RESP Aregistered education savings plan.Yourcontributions arenotdeductible fromyour income,althoughearnings on those contributions are shelteredfromtaxuntil withdrawn.

RLIF ARestrictedLife IncomeFund.ARRIFestablishedwith locked-in funds transferreddirectlyor indirectly fromapensionplan (onlyavailable for federallyregulatedplans).

RLSP ARestrictedLocked-InSavingsPlan.AnRRSPestablishedwith funds transferred fromaRestrictedLifeIncomeFund (RLIF) oranotherRLSP (onlyavailable forfederally regulatedplans).

RRIF Aregistered retirement income fund. It is similarto anRRSP, except that youcannotmake contributionsandyoumustwithdrawaminimumamounteachyear.Yougenerally set up aRRIF by transferring yourRRSPassets.

RRSP Aregistered retirement savingsplan. It allowsyou to save for your retirementona tax-shelteredbasisup toage71.Yourcontributions to the planaredeductiblefromyour incomeandanyearnings are sheltered fromtaxuntil withdrawn.

risk tolerance The level of riskan investor iswilling toaccept. Riskoften refers to thevolatilityofan investment.Forexample, a $1,000 investment thatmay rise or fall$500 in sixmonths isvery volatile andmayonly besuitable foran investorwithahigh risk tolerance.

small-cap Seemarket capitalization.

strategic assetallocation Theprocess ofdiversifyingaportfolio amongmajorasset classes basedon risktolerance and long-term investmentobjectives.Thisstrategy involves periodic re-balancing inorder tomaintain the portfolio’s target asset allocationmixandlong-termgoals.

TFSA Atax-free savings account.Yourcontributionsare notdeductible. Earningsonyourcontributions aresheltered fromtaxandwithdrawals are generallynot taxable.

treasurybills Short-termgovernmentdebt,maturingin threemonths tooneyear.Treasurybills donot payinterest, but are sold at a discount.Thedifferencebetween thediscount price and thematurity value is thereturnon the investmentand is treated as interest fortaxpurposes.


Glossary (continued)

Specific information about each of the mutual fundsdescribed in this documentYouwill find detailed descriptions ofeachof the Funds inthis part of theSimplifiedProspectus. Here areexplanationsofwhat youwill find undereachheading.

Funddetails

This tells you:

m Fund type – the typeofmutual fund

m Securities offered – whether the Fund issues sharesor units and the series of sharesorunits it offers

m Startdate – thedate each series of shares or unitscould first be bought by thepublic

mRegisteredplaneligibility – whether theFund is, or isexpected tobe, a qualified investment foraregisteredplan

mManagementandadvisory fees – theFund’saggregatemanagement andadvisory fee foreachseries of shares orunits it offers.

Themanagementandadvisory fee of PowerShares FundsofETFs does not include themanagement fee chargedbytheunderlying InvescoPowerShares ETFs, althoughthese feeswill be reflected in eachPowerShares FundsofETFs’MER.Therefore, for those Funds,wehave indicatedin this part of the FundDetails, themanagementandadvisory fee, the currentmanagement fee chargedby theunderlying InvescoPowerShares ETFand, combined withthemanagementandadvisory fee thatwe charge, the“effectivemanagement fee”. Pleasenote that the“effectivemanagement fee” is a simple estimate andassumes thatoneCanadiandollarcanbe exchanged foroneU.S. dollar, as themanagement fee for theETF ischarged inU.S. dollars (except forPowerSharesQQQClass). Accordingly, those feesmay fluctuatedependingon the fluctuationof theU.S.–Canadiandollarexchangerate andare subject to change. Becauseof thesecalculationdifferences, it is possible that theInvescoPowerShares ETFfee, expressed as a percentageof thePowerShares Funds of ETFs’assets,maybegreateror less than the statedmanagement fee rate for theInvescoPowerShares ETF, dependingon theU.S.–Canadiandollarexchange rate.Wedonotexpect thatthese differenceswill bematerial. In addition, forPowerShares FTSERAFIU.S. Fundamental Fund,PowerShares FTSERAFIGlobal+Fundamental FundandPowerSharesGlobalDividendAchievers Fund, theunderlying InvescoPowerShares ETFs chargeoperatingexpenses thatmay fluctuate foreach respective fund,whichwill in turnbe reflected in theMERof that Fund.

m Sub-advisor(s) – any sub-advisoror sub-advisors oftheFund

Whatdoes theFund invest in?

This tells you theFund’s:

m Investmentobjectives – thegoals of theFund,including anyspecific focus it has, and the kinds ofsecurities it invests in

m Investmentstrategies – how theportfoliomanager(s)or sub-advisor(s) tries tomeet the Fund’s objectives

Whatare the risks of investing in theFund?

This tells you the specific risks of investing in the Fund.Youwill find details aboutwhateach riskmeans inWhatare the specific risks of investing in amutual fund?onpages5 to 13.

Whoshould invest in thisFund?

This sectionwill help youdecidewhethera Fund is rightfor you.This information is onlyaguide.Themethodologyused todetermine the risk ratingsof theFunds for purposes ofdisclosure in this prospectus is themethodology recommendedby theFundRiskClassificationTaskForce of The Investment FundsInstitute ofCanada.TheTaskForce concluded that themost comprehensive, easily understood formof risk inthis context is historical volatility riskasmeasuredby thestandarddeviationof fundperformance.However, theTaskForce recognizes that other types of risk, bothmeasurable andnonmeasurable,mayexist and remindsthat historical performancemaynot be indicativeoffuture returns anda fund’s historical volatilitymaynot beindicativeof its futurevolatility.

Themethodologyused todetermine the risk ratingsofthe Fund for purposes ofdisclosure in this prospectus isthe sameapproachused todetermine the risk ratings forpurposes ofdisclosure in theFund FactsDocumentssubject to the following exception: In this prospectus a6point scale is used and in the FundFactsDocuments a5point scale is used. Please see the table belowwhich setsout the riskclassification for the Funds used in thisprospectus as compared to the riskclassification for theFunds used in theFundFactsDocuments.


RiskClassification for theFundsused in thisProspectus

RiskClassification for theFundsused in theFundFactsDocuments

VeryLowandLow Low

BelowAverage Low toMedium

Average Medium

AboveAverage MediumtoHigh

High High

Themethodologyused todetermine the risk ratings oftheFunds fordisclosure in this prospectus and theFundFactsDocuments is reviewedonanannual basis.Themethodology thatweuse to identify the investment risklevel of Funds is available to investors on request, free ofcharge, bycalling us toll free at 1.800.874.6275, bysending ane-mail to [email protected]. at 5140YongeStreet, Suite800,Toronto,Ontario,M2N6X7.

WhenyouandyourAdvisorare choosing investments,youshould consider yourwholeportfolio,your investmentobjectives andyour risk tolerance level.

Distributionpolicy

This tells youhowoftenyouwill receive adividendoradistributionandhow it is paid. EachFundpays dividendsormakesdistributions if andwhen it has amountsto distribute.

Eachof theFundshas the ability tomakedistributions asreturnsofcapital.Weanticipate that the followingFundswill do so:

m In respectof theT-FLEXseries sharesor units, theInvesco IntactiveAccumulationFunds, PowerSharesTactical CanadianAssetAllocationFund, PowerSharesTactical BondCapital YieldClass, PowerSharesDiversifiedYield Fund, InvescoCoreCanadianBalancedClass,Trimark IncomeGrowthFund,TrimarkSelectBalancedFund,TrimarkDiversified IncomeClass,InvescoCanadianBalanced Fund,TrimarkGlobalBalancedFund,TrimarkGlobal BalancedClass,TrimarkCanadianPlusDividendClass, InvescoSelect CanadianEquity Fund,TrimarkCanadianClass, InvescoCanadianPremierGrowthClass,TrimarkGlobalDividendClass,TrimarkFund,TrimarkGlobal Fundamental Equity Fund,TrimarkGlobal Fundamental EquityClass andInvescoGlobal Real Estate Fund

m The Invesco IntactiveTargetDatePortfolios

The followingPowerShares Fundsmayalsomakedistributions as returns ofcapital:

m In respectof SeriesA, Series FandSeries I, shares orunits, PowerShares 1-5LadderedCorporateBond IndexFund, PowerSharesHighYieldCorporateBond IndexFund, PowerSharesCanadianDividend IndexClass,PowerSharesCanadianPreferredShare IndexClass,PowerSharesDiversified Yield Fund, PowerSharesGlobalDividendAchievers Fund, PowerSharesRealReturnBond IndexFundandPowerShares TacticalBondCapital YieldClass, and in respectof SeriesAandSeries Funits of PowerShares Tactical CanadianAssetAllocationFund

Fundexpenses indirectly borne by investors

In addition topayingmanagementandadvisory fees,most series of shares or units ofa Fundpay theirownoperating expenses and their proportionate shareofcommonoperating expenses.Theseamounts are paid foroutof theassets of theFund,whichmeans that youindirectly pay for theseamounts through lower returns.

The chart in this section letsyoucompare the costofinvesting ineach series of shares or units of the Fundwiththe costof investing inothermutual funds.The chartshows the cumulative fees andexpensesyouwould havepaid if:

m You invested$1,000 for theperiod shown (without anysales charges)

m TheFund’s returnwas5%eachyear

m Youdid not use the 10%free redemptionentitlement

m TheFundpaid the sameMER in eachperiod shownas itdid in its last completed financial year

The chartdoes not reflect the trading expenses andcertain taxes bornebya series of shares or units ofa Fundas suchexpenses arenot included in theMER.

Series I shares andunits arenot included in the chartbecauseSeries I investors paymanagementandadvisoryfeesdirectlyandwepayall Series I operating expenses.

No information is included in the chart for newseries ofshares or units because there is nohistoricalexpense information.

SeeFeesandexpensesonpage38 formore informationabout the costof investing in theFunds.


Specific information about each of the mutual fundsdescribed in this document (continued)

Trimark Interest Fund

Funddetails

Fund type Canadianmoneymarket

Securities offered SeriesSCandSeriesDSCunits ofamutual fund trust

Startdate SeriesSC:May 1, 1987SeriesDSC:October 10, 2000

Registeredplaneligibility Qualified investment for registeredplans


SeriesSC:maximumof 1.02%SeriesDSC:maximumof 1.50%

Sub-advisor InvescoAdvisers, Inc.,Atlanta,Georgia


Investmentobjectives

Trimark Interest Fund seeks togenerate ahigh level ofinterest incomewhile preserving capital andmaintainingliquidity.TheFund invests primarily in short-termgovernmentandhigh-qualitycorporate debt securities.

The investmentobjectives of the Fund cannot be changedwithout the approval ofamajorityof the investors at ameeting called to consider the change.

Investmentstrategies

Toachieve theseobjectives, the sub-advisor invests notless than95%of the assets of the Fund inCanadian cashandCanadian-dollar-denominated assetswith:

mMaturities underoneyear

m Theaverage term-to-maturityof theportfolio notexceeding90days

TheFundmay invest up to 100%of its assets inforeign securities.

Insteadof investing in the above securities directly, theFundmay invest someorall of its assets inunits of theInvescoCanada cashmanagement funds,whichare othermoneymarket funds that aremanagedbyus. Inmakingthis investmentdecision, the sub-advisorconsiders anumberof factors, including theyield or return totheFund.

TheFund is designed to keepa constantNAVof $10.00perSeriesSCandSeriesDSCunit.Weachieve this bycrediting each investor’s accounteachbusiness daywithnet incomeandapplicable net realized capital gains (less

applicable losses andmanagement feedistributions) sothat the total numberofSeriesSCandSeriesDSCunitsoutstanding varies in proportionwith theFund’s liabilitiesandassets.

In themanagementof its portfolio, the Fund mayuserepurchase and reverse repurchase transactions, andmayenter into securities lending agreements.Thesetransactionswill only bemadewithparties that areconsidered tobecreditworthyandwhere the transactionsshould earn theFundadditional returns. Fora descriptionof repurchase and reverse repurchase transactions andsecurities lending agreements, and the strategies used bythe Fund to reduce the risks associatedwith thesetransactions, please see thediscussionunder Repurchaseand reverse repurchase transactions and securitieslending riskonpage 11.


RisksPrimary

riskSecondary

risk

Activemanagement risk „

Concentration risk „

Credit risk „

Foreign investment risk „

Interest rate risk „

Large transaction risk „

Repurchaseand reverse repurchasetransactionsand securities lending risk „

Series risk „

Foradetailed descriptionof thesemutual fund risks, seeWhatare the specific risks of investing in amutual fund?onpages5 to 13. Although theFund seeks tomaintain aconstantNAV,wecannotguarantee that thepricewillnot fluctuate.


Investorswho:

mWant steady incomeover the short term

mOwn, or plan toown,other typesof investments todiversify their holdings

mWanta secure short-term investment

mAre comfortablewithvery low risk


Distributionpolicy

Distributions, ifany, are credited dailyandmademonthlyoron redemptionofall units.Weautomatically reinvestdistributions in theFund if youhold yourunits inside aregisteredplan.Outside a registeredplan,weautomatically reinvestdistributions unlessyou requestdistributionsbychequeordirectdeposit toyourbankaccount


Please seeFundexpenses indirectly borneby investorsonpage60 for theassumptions required tobeused in thistable.Ouractual costsmaybehigheror lower.

1 year 3years 5years 10yearsExpensespayable over:

SeriesDSC $5.64 $17.77 $31.15 $70.91

SeriesSC $5.41 $17.07 $29.91 $68.09


Trimark Interest Fund (continued)

Trimark U.S. Money Market Fund

Funddetails

Fund type U.S.moneymarket

Securities offered SeriesSCandSeriesDSCunits ofamutual fund trust

Startdate SeriesSC: January25, 2000SeriesDSC:October 10, 2000



SeriesSC:Maximumof 1.25%SeriesDSC:Maximumof 1.50%




TrimarkU.S.MoneyMarket Fund seeks togenerate ahighlevel ofU.S. dollar interest incomewhile preservingcapital andmaintaining liquidity.TheFund invests inU.S.dollarmoneymarket instruments that aremainly short-termgovernment andhigh-qualitycorporatedebt securities.



Toachieve theseobjectives, the sub-advisor invests notless than95%of the assets of the Fund inU.S. cashandU.S.-dollar-denominated assetswith:



TheFundmay invest up to 100%of its assets innon-U.S. securities.

Insteadof investing in the above securities directly, theFundmay invest someorall of its assets inunits of theInvescoCanada cashmanagement funds,whichare othermoneymarket funds that aremanagedbyus. Inmakingthis investmentdecision, the sub-advisorconsiders anumberof factors, including theyield or return totheFund.

TheFund is designed to keepa constantNAVofUS$10.00perSeriesSCandSeriesDSCunit.Weachieve this by

crediting each investor’s accounteachbusiness daywithnet incomeand applicable net realized capital gains (lessapplicable losses andmanagement feedistributions) sothat the total numberofSeriesSCandSeriesDSCunitsoutstanding varies in proportionwith theFund’s liabilitiesandassets.



RisksPrimary

riskSecondary

risk



Credit risk „





Series risk „

Foradetailed descriptionof thesemutual fund risks, seeWhatare the specific risks of investing in amutual fund?onpages5 to 13. Although theFund seeks tomaintain aconstantNAV,wecannotguarantee that thepricewillnot fluctuate.


Investorswho:



mWanta secure short-termU.S.-dollar investment

mAre comfortablewithvery low risk


Distributionpolicy

Distributions of income, ifany, are credited dailyandmademonthlyoron redemptionofall units. Distributionsofcapital gains, ifany, aremadeannually inDecember.Weautomatically reinvestdistributions of income in the Fundif youhold your units inside a registeredplan.Outside aregisteredplan,weautomatically reinvestdistributionsofincomeunlessyou request suchdistributionsbychequeordirectdeposit toyourbankaccount. In allcircumstancesweautomatically reinvestdistributions ofcapital gains in theFund.




SeriesDSC $1.48 $4.67 $8.19 $18.63

SeriesSC $1.51 $4.76 $8.34 $18.98


Trimark U.S. Money Market Fund (continued)

Trimark Advantage Bond Fund

Funddetails

Fund type High-yield bond

Securities offered SeriesA, SeriesFandSeries I units ofamutual fund trust

Startdate SeriesA:December5, 1994Series F: February 11, 2000Series I: November 15, 2002(offeredasof February 15, 2002bywayofprivateplacement)



SeriesA: 1.00%Series F:0.75%Series I: negotiatedandpaid byeachSeries I investor

Sub-advisor InvescoAdvisers, Inc.,Atlanta,Georgia, forcashportionoftheFund



TrimarkAdvantageBondFund seeks toachieveayieldadvantagebyusing fundamental value analysis toevaluate investmentopportunities.The Fund investsprimarily in fixed-incomeobligationsofCanadiancorporations orgovernments.



Toachieve theseobjectives, the portfoliomanagementteam invests primarily in debt securities that are ratedeither investmentgradeor below investmentgrade,although the teammay invest inunrateddebt securitiesaswell.The terms tomaturitymayvary.The teamcarriesout in-depth research to lookfordebt securitieswhosefundamental values arenot reflected in their creditratings andprices, and whichofferattractiveopportunities relative to risk.There is noattempt tomirror the compositionof theFund’s benchmarkbond index.

Theportfoliomanagement teamuses ananalyticalapproach that considers the fundamental characteristicsof the issuerand themacroeconomicoutlook inorder to

enhance interest incomeand/orcapital appreciation.Theteamalsoemploys strategies thatmayanticipate interestrates, andmayutilize riskmanagement techniques tomitigate investment risks.

The Fundmayalso invest in preferred shares andconvertible securities ofcompanies, aswell as otherfinancial instruments, suchas creditderivatives, thatmayhaveeconomic characteristics similar to floating ratedebt instruments.

Holdings are generally held untilmaturity. However,holdingsmaybe sold ifmore attractive opportunitiesbecomeavailable or if theoriginal investment thesis forasecurity has changed.

Amajorityof theFund’s non-cashassetswill be investedin securities of Canadian issuers.Without changing itsfundamental investmentobjectives, the Fund is permittedto invest up to49%of its non-cashassets in foreignsecurities.Underextraordinarycircumstances, as a resultof fluctuations in thevalue of theCanadiandollar relativeto certain foreign currencies oras a result of fluctuationsin thepriceofcertainportfolio holdings, theFundmaytemporarily holdmore than49%of its non-cashassets inforeign securities, so that theFundmaynot be invested inaccordancewith its investmentobjectives. In suchcircumstances, the portfoliomanagement teamwill takesteps toadjust the portfolio investments of the Fund inanorderlymanner.

The sub-advisor responsible for the cashportionof theFundmay, in its discretion, invest someorall of the cashassets directly inmoneymarket instruments orothershort-termdebt securities.TheFundmay invest the cashportionof its assets in securities ofmoneymarket fundsthat aremanagedbyus oroneofouraffiliates orassociates. Inmaking this investmentdecision, thesub-advisorconsiders a numberof factors, including theFund’s requirement foraCanadian- orU.S.-dollar-denominated short-term investmentand theyield orreturn to theFund.

The Fundmayusederivatives, suchas options, forwardsand futures, for thepurposesdescribedbelow.TheFundmayseek tohedgeagainst potential loss. Pleasevisit ourwebsite atwww.invesco.ca for summary informationonthe Fund’s currencyhedgingpositions, ifany.

The Fundmayalsousederivatives for non-hedgingpurposes inorder to invest indirectly in securities orfinancialmarkets or togain exposure toothercurrencies.If used for non-hedgingpurposes, optionswill representnomore than 10%of thenet assets of theFund.


Anyuseofderivativeswill be consistentwith theinvestmentobjectives of the Fundandwill complywiththe requirements ofCanadian securities regulation, asalteredby theexemptiongranted topermit theFund to(i) enter into interest rate swaps, creditdefault swapsor, ifthe transaction is for hedgingpurposes, currencyforwards, in all caseswith a remaining term-to-maturityofgreater than threeyears; (ii) use as coverbonds,debentures, notesorotherevidencesof indebtednessthat are liquid, floating rate debt instruments andsecurities of the InvescoCanada cashmanagementfunds; and (iii) use as cover,when theFundholds a longposition in a standardized future or forwardor is entitledto receivepayments undera swap, a rightorobligation tosell anequivalentquantityof theunderlying interest ofthe standardized future, forward or swap.

In anticipationof, or in response to, adversemarketconditions, forcashmanagement purposes, fordefensivepurposes, for purposes ofamergerorother transaction,orwhere theportfoliomanagement team is otherwiseunable to identifyattractive investmentopportunities,theFundmayhold all ora portionof its assets in cash,moneymarket instruments or securities ofaffiliatedmoneymarket funds.As a result, the Fundmaynot befully invested in accordancewith its investmentobjectives and, in a rising market, there could beanegative impactonperformance relative toother fullyinvestedmutual fundswith similarobjectives.

In themanagementof its portfolio, the Fundmayuserepurchaseand reverse repurchase transactions, andmayenter into securities lending agreements.Thesetransactionswill only bemadewithparties that areconsidered tobecreditworthyandwhere the transactionsshould earn theFundadditional returns. Foradescriptionof repurchaseand reverse repurchase transactions andsecurities lending agreements, and the strategies usedbytheFund to reduce the risks associatedwith thesetransactions, please see the discussionunderRepurchaseand reverse repurchase transactions and securitieslending riskonpage 11.


RisksPrimary

riskSecondary

risk


Credit risk „

Currency risk „

Derivative risk „




Liquidity risk „


Series risk „

Specialization risk „

Foradetailed descriptionof thesemutual fund risks, seeWhatare the specific risks of investing in amutual fund?onpages5 to 13.


Investorswho:

mWant steady income


mAre looking todiversifya fixed-incomeportfoliothroughahighyield fixed-income investment

mAre comfortablewithbelowaverage risk

TheFund is not appropriate if youhavea short-terminvestment horizon.

Distributionpolicy

Distributionsof income, ifany, aremademonthlyanddistributions ofcapital gains, ifany, aremadeannually inDecember.Weautomatically reinvestdistributions in theFund if youhold yourunits inside a registeredplan.Outside a registeredplan,weautomatically reinvestdistributions unlessyou requestdistributions bychequeordirectdeposit toyour bankaccount.


Trimark Advantage Bond Fund (continued)




SeriesA $13.35 $42.08 $73.76 $167.89

Series F $9.74 $30.71 $53.82 $122.52


Trimark Advantage Bond Fund (continued)

Trimark Canadian Bond Fund

Funddetails

Fund type Canadianbond


Startdate SeriesA:December5, 1994Series F: February 11, 2000Series I: November 15, 2002(offeredasof January28, 2002bywayofprivateplacement)







TrimarkCanadianBond Fund seeks to provide above-average investment returns througha combinationofincomeand capital growth.The Fund invests primarily indebt securities issuedbyCanadian federal, provincial ormunicipal governments and companies.



Toachieve theseobjectives, the portfoliomanagementteam invests primarily in debt securities that are ratedinvestmentgrade.The teamcarries out in-depth researchto look fordebt securities acrossvariousmaturitieswhose fundamental values arenot reflected in theircreditratings andprices, and whichofferattractiveopportunities relative to risk.There is noattempt tomirror the compositionof theFund’s benchmarkbond index.

The investments aremainly inCanadian-dollar-denominated securities.



The Fund is activelymanagedby:

mAdjusting the average term-to-maturityofthe investments

m Diversifyingholdings amongvarious issuers

TheFundmayalso invest in below investmentgradesecurities, preferred shares and convertible securities ofcompanies, aswell as other financial instruments, suchascredit derivatives, thatmayhave economiccharacteristics similar to floating rate debt instruments.The Fundwill typically invest nomore than30%of its netassets in foreign securities.


The Fund ismanaged to complywith the investmentrestrictions setout inSchedule III of theRegulations tothePensionBenefitsStandardsAct, 1985 (Canada)applying the provisions as if theFundwerea pensionplan.




Anyuseofderivativeswill be consistentwith theinvestmentobjectives of theFundand will complywiththe requirements of Canadian securities regulation, asalteredby the exemptiongranted topermit the Fund to


(i) enter into interest rate swaps, creditdefault swapsor, ifthe transaction is for hedgingpurposes, currencyforwards, in all caseswith a remaining term-to-maturityofgreater than threeyears; (ii) use as coverbonds,debentures, notesorotherevidencesof indebtednessthat are liquid, floating rate debt instruments andsecurities of the InvescoCanada cashmanagementfunds; and (iii) use as cover,when theFundholds a longposition in a standardized future or forwardor is entitledto receivepayments undera swap, a rightorobligation tosell anequivalentquantityof theunderlying interest ofthe standardized future, forward or swap.




RisksPrimary

riskSecondary

risk



Credit risk „

Currency risk „

Derivative risk „





Series risk „




Investorswho:

mWant steady income


mWanta fixed-income investment

mAre comfortablewith low risk

Distributionpolicy



Trimark Canadian Bond Fund (continued)



1 year 3years 5years 10yearsExpensespayableover:

SeriesA $13.75 $43.33 $75.95 $172.89

Series F $8.96 $28.24 $49.51 $112.69


Trimark Canadian Bond Fund (continued)

Trimark Canadian Bond Class(formerlyTrimarkCanadianBondPrivatePool)of InvescoCorporateClass Inc.


Securities offered SeriesP, SeriesPF, SeriesPF4andSeriesPT4sharesofamutual fundcorporation

Startdate SeriesP: June 11, 2007(designatedSeriesAuntil July21, 2011;redesignatedSeriesPeffectiveJuly22, 2011)SeriesPF: June 11, 2007(designatedSeries Funtil July21, 2011;redesignatedSeriesPFeffectiveJuly22, 2011)SeriesPF4: June 11, 2007(designatedSeries F4until July 21, 2011;redesignatedSeriesPF4effectiveJuly22, 2011)SeriesPT4: June 11, 2007(designatedSeriesT4until July 21, 2011;redesignatedSeriesPT4effectiveJuly22, 2011)This Fund is currentlyclosed tonewinvestors; however, existing investorsmaycontinue tobuysharesof theFund inanaccount thatalreadyholds sharesof thisFund. InvescoCanadamaydecide, in thefuture, to re-open this Fund.



SeriesP: 1.00%SeriesPF:0.75%SeriesPF4:0.75%SeriesPT4: 1.00%



TrimarkCanadianBond Class seeks togenerate a long-termreturnby investing substantiallyall of its assets inunits of TrimarkCanadianBondFund.



Toachieve theseobjectives, the Fund investssubstantiallyall of its assets inunits of TrimarkCanadianBondFund (the “Underlying Fund”) and, therefore, thesharepriceof theFund rises and fallswith the unit price of

theUnderlying Fund.Theremaybe tracking errorwithrespect to theFund’s investment in theUnderlying Fund.

TheUnderlying Fund is alsomanaged byus.

The investmentobjectives of theUnderlying Fundare toseek to provide above-average investment returnsthrougha combinationof incomeand capital growth.TheUnderlying Fund invests primarily in debt securitiesissued byCanadian federal, provincial ormunicipalgovernments and companies.

More information about theUnderlying Fund, including adescriptionof its investment strategies,maybe found inits simplified prospectus andannual information form.Fora free copyof thesedocuments, call us toll-free at1.800.874.6275oraskyourAdvisor.These documentsandother informationabout theUnderlying Fundare alsoavailable atwww.invesco.caoratwww.sedar.com.

While the Fundwill invest substantiallyall of its assets intheUnderlying Fund, theFund is alsopermitted to investup to 10%of its net assets inunits ofoneormoreotherfixed-incomemutual fundswhich aremanaged byus oroneofouraffiliates orassociates.Whenselecting a fixed-incomemutual fund inwhich to invest, theportfoliomanagement teamwill consider the investment potentialof the fixed-incomemutual fund and the additionaldiversification that the fixed-incomemutual fundwillprovide to theFund.


Since theFund is a fundof funds, the risks of investing theFund set out in the chart below includeboth the riskofinvesting in theFundand theUnderlying Fund,which theFund takes on inproportion to its investment in theUnderlying Fund.


RisksPrimary

riskSecondary

risk


Capital depletion risk „


Credit risk „

Currency risk „

Derivative risk „


Fundcorporation risk „



Repurchaseand reverse repurchasetransactions and securities lending risk „

Series risk „


Tracking risk „


Whoshould invest in this Fund?

Investorswho:


mOwn,or plan toown, other types of investments todiversify their holdings

m Are comfortablewith low risk

mWant the flexibility to switch toanotherclass of theCorporationwithout triggering taxable capital gains

TheFund ismost appropriate for investorswhowantaninvestment fora non-registered account. It is not suitablefor investorswhowantan investment fora registeredplan. Investorswhowantan investment fora registeredplanandwhodonot need the flexibility to switch toanotherclass of theCorporationwithout triggeringtaxable capital gains should consider investing in theUnderlying Fund rather than in theFund.

Series PF4andPT4areappropriate for investorswhowant to receive regulardistributions.

Distributionpolicy

SeriesPandPF

Ordinarydividends, ifany, are paid inMarchand capitalgains dividends, ifany, are paid inMay.Weautomaticallyreinvestdividends in the Fund if youhold your sharesinside a registered plan.Outside a registered plan,weautomatically reinvestdividendsunlessyou request thatdividendsbepaidbychequeordirectdeposit toyourbankaccount.

Tax-efficient flexible distributionseries (the“T-FLEXseries”): SeriesPF4andPT4

TheT-FLEXseries havebeendesigned toprovideyouwithanaggregate annual distributionper share that is paidmonthly (the “PlannedAnnualAmount”).ThePlannedAnnualAmount foreachT-FLEXserieswill be adjustedonceayear, based on theannual targetdistribution rate(the “TargetDistributionRate”) for that T-FLEXseries andtheNAVof that T-FLEXseries at the endof the precedingyear. Details of thePlannedAnnualAmountwill beavailable fromuson request.

Currently, theTargetDistributionRatesof theT-FLEXseries are as follows:

m Series PF4andSeries PT4: 4%

Wereserve the right toadjust theTargetDistributionRatesunderappropriate circumstances.

Monthlydistributions of thePlannedAnnualAmountmaycompriseordinarydividends and/or returns ofcapital.The compositionof themonthlydistributions asbetweenordinarydividendsand returnsofcapitalwill vary frommonth tomonth. Additional ordinarydividends, ifany,willbe paid inMarchand capital gains dividends, ifany,will bepaid inMay.

Weautomatically reinvestdividendsand returnsofcapitalin theFund if youhold your shares inside a registeredplan.Outside a registeredplan, (i) anymonthlyordinarydividendswill be paid and/ormonthly returnsofcapitalwill bemade toyoubychequeordirectdeposit toyourbankaccount unlessyou request that suchdividends andreturns ofcapital be reinvested in theFund, and (ii)weautomatically reinvest theannual additional ordinarydividends, ifany, and the annual capital gains dividends, ifany, unlessyou request that suchdividends bepaid bychequeordirectdeposit toyourbankaccount.

Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmay result in the return toyouof theentire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyouis not immediately taxable inyourhands, butwill reduce


Trimark Canadian Bond Class (continued)

yourACBof the related shares.However, if thedistributions are reinvested in additional shares of theFund, theACBwill increaseby theamount reinvested.Wherenet reductions to theACBof your shareswouldresult in theACBbecominganegative amount, suchamountwill be treated as a capital gain realizedby youand theACBof your related shareswill thenbenil. Anyfurther net reductions toACBwill similarly be treated ascapital gains realizedbyyououtside a registeredplan.

Youshould consult your taxadvisor regarding the taximplications of receiving ordinarydividends, capital gainsdividendsand/or returnsofcapital on theT-FLEXseries.




SeriesP $12.10 $38.13 $66.83 $152.13

SeriesPF $9.23 $29.08 $50.97 $116.03

SeriesPF4 $9.02 $28.44 $49.84 $113.45

SeriesPT4 $12.10 $38.13 $66.83 $152.13


Trimark Canadian Bond Class (continued)

Trimark Floating Rate Income Fund

Funddetails

Fund type Floating ratedebt


Startdate SeriesA: January26, 2005Series F: January26, 2005Series I: January26, 2005







TrimarkFloating Rate IncomeFund seeks togenerate ahigh level of current income.TheFund invests primarily infloating rate debt instruments of issuers locatedanywhere in theworld.

The investmentobjectives of the Fund cannot be changedwithout the approval ofamajorityof investors at ameeting called to consider the change.


Toachieve theseobjectives, the portfoliomanagementteam invests primarily in floating rate debt instruments.The rate of interest payable on floating rate debtinstruments is establishedas abase lending rate plus afixedpercentage rate.Thesebase lending rates generallyareLondon InterbankOfferedRate (LIBOR), Banker’sAcceptances (BA), a prime rate oranother base lendingrate usedbycommercial banksor lenders. As thesebaselending rates are reset periodically, floating rate debtinstruments usually exhibit less price sensitivity tointerest rate changes.There is noattempt tomirror thecompositionof theFund’s benchmark loanor bond index.

TheFund invests primarily in floating rate debtinstruments of issuers ratedbelow investmentgradeor, ifnot rated, deemed tobebelow investmentgradeby theportfoliomanagement team.The floating rate debtinstrumentsmayalsobe ratedbelow investmentgrade.

These investments haveagreater riskofdefault oninterest andprincipal payments.The terms-to-maturitymayvary.

Floating rate debt instruments are loansmade tocompanies orotherentities byoneora syndicateoffinancial institutionsorother lenders.These financialinstitutions, lenders or investorsmay trade loans in anorganizedover-the-countermarket. Independentmarketresearch, autonomouspricing sources and credit ratingsarewidelyavailable andutilized bymarket participants.

Floating rate debt instruments areusuallyadministeredbya financial institution that acts as the agentof thelenders participating in the loan.The Fundacquires theloans byassignment froma lender that holds a directinterest in the loanorbyparticipating in a lender’sinterest in the loan.Usually floating rate debt instrumentsare securedbyspecific collateral of the issuerandaresenior tomostof the issuer’s other securities in the eventof bankruptcy.

The Fundmayalso invest inother financial instruments,suchas creditderivatives, thatmayhave economiccharacteristics similar to floating rate debt instruments.

Theportfoliomanagement teamuses fundamentalanalysis to evaluate the investmentopportunities ofeachissuer. In evaluating these opportunities, the portfoliomanagement team looks for:

m Debtandother financial instrumentswhosefundamental values are not reflected in either theirortheir issuer’s credit ratings andprices

m Debtandother financial instruments and/or issuerstypically ratedBBB+ toCbyStandard&Poor’s or theequivalent ratings givenbyotherqualified,independent rating organizations. Somedebtinstruments or issuers, however,maybeunrated




TheFundmayusederivatives, suchasoptions, forwards,futures and creditderivatives for the purposes describedbelow.TheFundmayseek tohedgeagainst potential loss.Pleasevisit ourwebsite atwww.invesco.ca for summaryinformationon the Fund’s currencyhedgingpositions,ifany.

TheFundmayalsouse creditderivatives, suchas creditdefault swapsand credit-linkednotes, for non-hedgingpurposes togain exposure to floating rate debtinstruments. Derivativesmayalsobeused forothernon-hedgingpurposes inorder to invest indirectly in securitiesor financialmarkets or togain exposure toothercurrencies.


Anactivemanagement strategy is followed for this Fund.Thismay result in portfolio turnover,whichhas thefollowing implications for youasan investor:

m TheFundmay realize taxable capital gains,whichmaybepassedon toyou

m Higher trading costs,whichare anexpenseof theFundandarepaid outof Fundassets,whichmay reduceyour returns

In anticipationof, or in response to, adversemarketconditions, forcashmanagement purposes, fordefensivepurposes, for purposes ofamergerorother transaction,orwhere theportfoliomanagement team is otherwiseunable to identifyattractive investmentopportunities,theFundmayhold all ora portionof its assets in cash,moneymarket instruments, securities ofaffiliatedmoneymarket funds, bonds orotherdebt securities. As a result,the Fundmaynot be fully invested in accordancewith itsinvestmentobjectives and, in a risingmarket, there couldbe anegative impactonperformance relative tootherfully investedmutual fundswith similarobjectives.

In themanagementof its portfolio, the Fundmayuserepurchaseand reverse repurchase transactions, and

mayenter into securities lending agreements.Thesetransactionswill only bemadewithparties that areconsidered tobecreditworthyandwhere the transactionsshould earn theFundadditional returns. Fora descriptionof repurchase and reverse repurchase transactions andsecurities lending agreements, and the strategies used bythe Fund see the discussionunderRepurchaseandreverse transactions and securities lending riskonpage 11.


RisksPrimary

riskSecondary

risk



Credit risk „

Currency risk „

Derivative risk „




Liquidity risk „

Prepayment risk „


Series risk „




Investorswho:

mWantan incomestreamthat is linked to interestrate changes

mAre looking todiversifya fixed-incomeportfolio



Distributionpolicy

Distributionsof income, ifany, aremademonthlyanddistributions ofcapital gains, ifany, aremadeannually inDecember.Weautomatically reinvestdistributions in theFund if youhold yourunits inside a registeredplan.


Trimark Floating Rate Income Fund (continued)

Outside a registeredplan,weautomatically reinvestdistributionsunlessyou requestdistributionsbychequeordirectdeposit toyourbankaccount. Distributions inU.S. dollars arepaid bycheque.




SeriesA $15.70 $49.50 $86.76 $197.50

Series F $9.80 $30.88 $54.13 $123.21


Trimark Floating Rate Income Fund (continued)

Trimark Global High Yield Bond Fund

Funddetails

Fund type High-yield bond


Startdate SeriesA:October22, 1999Series F: February 11, 2000Series I: August 16, 2000(offeredasofOctober22, 1999bywayofprivateplacement)







TrimarkGlobalHighYield BondFund seeks toachieve ayield advantagebyusing fundamental value analysis toevaluate investmentopportunities.The Fund investsprimarily in fixed-incomeobligationsofcorporations orgovernments located anywhere in theworld.



Toachieve theseobjectives, the portfoliomanagementteam investsmainly in debt securities rated belowinvestmentgradeor, if not rated, deemed tobebelowinvestmentgradeby InvescoCanada.Theterms-to-maturitymayvary.The teamcarries out in-depth research to lookfordebt securitieswhosefundamental values arenot reflected in their creditratings andprices, and whichofferattractiveopportunities relative to risk.There is noattempt tomirror the compositionof theFund’s benchmarkbond index.



The Fundmayalso invest in preferred shares andconvertible securities ofcompanies, aswell as otherfinancial instruments, suchas creditderivatives, thatmayhaveeconomic characteristics similar to floating ratedebt instruments.





Anyuseofderivativeswill be consistentwith theinvestmentobjectives of theFundand will complywiththe requirements of Canadian securities regulation, asalteredby the exemptiongranted topermit the Fund to(i) enter into interest rate swaps, credit default swaps or, ifthe transaction is for hedgingpurposes, currencyforwards, in all caseswitha remaining term-to-maturityofgreater than threeyears; (ii) use as cover bonds,debentures, notes orotherevidences of indebtednessthat are liquid, floating rate debt instruments andsecurities of the InvescoCanada cashmanagementfunds; and (iii) use as cover,when theFundholds a longposition in a standardized futureor forwardor is entitledto receive payments undera swap, a rightorobligation tosell anequivalentquantityof the underlying interest ofthe standardized future, forwardor swap.





RisksPrimary

riskSecondary

risk



Credit risk „

Currency risk „

Derivative risk „




Liquidity risk „


Series risk „



Investorswho:

mWant steady income


mAre looking todiversifya fixed-incomeportfoliothroughaglobal highyield fixed-income investment

mWantadiversified global fixed-income investment



Distributionpolicy

Distributionsof income, ifany, aremademonthlyanddistributions ofcapital gains, ifany, aremadeannually inDecember.Weautomatically reinvestdistributions in theFund if youhold yourunits inside a registeredplan.Outside a registeredplan,weautomatically reinvestdistributions unlessyou requestdistributions bychequeordirectdeposit toyour bankaccount. Distributions inU.S. dollars are paid bycheque.


Please seeFundexpenses indirectly borneby investorsonpage60 for the assumptions required tobeused in thistable.Ouractual costsmaybehigheror lower.


SeriesA $18.06 $56.94 $99.81 $227.19

Series F $9.76 $30.78 $53.95 $122.81


Trimark Global High Yield Bond Fund (continued)

Trimark Government Plus Income Fund

Funddetails

Fund type Canadian short-termbond


Startdate SeriesA:November25,1993Series F: February 11, 2000Series I:October20, 2003







TrimarkGovernmentPlus IncomeFund seeks toprovideabove-average investment returnswhile preservingcapital andmaintaining liquidity.TheFund investsprimarily in fixed-incomesecurities of, orguaranteedby,Canadian federal, provincial ormunicipal governments orgovernmentagencies.



Toachieve theseobjectives, the portfoliomanagementteamcarries out in-depth research to lookfordebtsecuritieswhose fundamental values arenot reflected intheircredit ratings andprices, andwhichofferattractiveopportunities relative to risk.There is noattempt tomirror the compositionof theFund’s benchmarkbond index.

The team invests primarily in:

m Canadiangovernmentand corporatedebt securitieswithmaturities of fiveyears or less

m Canadian-dollar-denominated fixed-incomesecurities(may include securities denominated in foreigncurrencies that are hedgedback toCanadiandollars)

Theportfoliomanagement teamuses ananalyticalapproach that considers the fundamental characteristicsof the issuerand themacroeconomicoutlook inorder toenhance interest incomeand/orcapital appreciation.Theteamalsoemploys strategies thatmayanticipate interestrates, andmayutilize riskmanagement techniques tomitigate investment risks. Holdings arediversified amongvarious governments andhighqualitycorporate issuers.



The Fundwill typically invest nomore than30%of its netassets in foreign securities.




Anyuseofderivativeswill be consistentwith theinvestmentobjectives of theFundand will complywiththe requirements of Canadian securities regulation, asalteredby the exemptiongranted topermit the Fund to(i) enter into interest rate swaps, credit default swaps or, ifthe transaction is for hedgingpurposes, currencyforwards, in all caseswitha remaining term-to-maturityofgreater than threeyears; (ii) use as cover bonds,debentures, notes orotherevidences of indebtednessthat are liquid, floating rate debt instruments andsecurities of the InvescoCanada cashmanagement


funds; and (iii) use as cover,when theFundholds a longposition in a standardized future or forwardor is entitledto receivepayments undera swap, a rightorobligation tosell anequivalentquantityof theunderlying interest ofthe standardized future, forward or swap.




RisksPrimary

riskSecondary

risk



Credit risk „

Currency risk „

Derivative risk „





Series risk „



Investorswho:

mWant steady income




Distributionpolicy





SeriesA $13.51 $42.59 $74.65 $169.92

Series F $9.21 $29.03 $50.89 $115.83


Trimark Government Plus Income Fund (continued)

Trimark Diversified Income Classof InvescoCanadaFund Inc.

Funddetails

Fund type Canadianbalanced

Securities offered SeriesA, SeriesF, Series F8, Series I,SeriesT4,SeriesT6andSeriesT8 sharesofamutual fund corporation

Startdate SeriesA:August 20, 2007Series F:August 20, 2007Series F8:November 1, 2000(designatedSeries Funtil August 19,2007; redesignatedSeries F8effectiveAugust 20, 2007)Series I: August 16, 2006SeriesT4:August 20, 2007SeriesT6:August 20, 2007SeriesT8:May5,1996(designatedSeriesAuntil August 19,2007; redesignatedSeriesT8effectiveAugust 20, 2007)



SeriesA: 1.75%Series F: 1.00%Series F8: 1.00%Series I: negotiatedandpaid byeachSeries I investorSeriesT4: 1.75%SeriesT6: 1.75%SeriesT8: 1.75%




TrimarkDiversified IncomeClass seeks togenerate a totalreturnover the long term.TheFundwill invest primarily inCanadianequity securities, REITs, royaltyand incometrusts and fixed-incomesecurities, includingpreferredshares and convertible debt.



Toachieve theseobjectives, the Fund takes adiversifiedinvestmentapproach that has the potential to performwell in a varietyofmarket environments.The Fund

employs a total return approachover the long-termas ameansof fundingdistributions.Total return includesinterest, dividendsand capital gains.

Theportfoliomanagement teamapplies a rigorousbottom-up fundamental investmentapproach for theequity portionof theFund toanalyze thequalityandvalueof individual companies todeterminewhetherornot toinvest in them.There is noattempt tomirror thecompositionof theFund’s benchmark index.

Theportfoliomanagement team looks forcompanies:

mWhose competitive advantagesprovideopportunitiesfor long-termgrowth

m That have thepotential to generate strong cash flow

m That have strongmanagement

m That are believed tobeundervalued in relation to theirintrinsic value

Aspart ofa comprehensive assessmentofa company’sintrinsic value, the teamuses avarietyof valuationmethodsandwill typically reviewa company’s financialinformation, competitive positionand its futureprospects.The teammayalsomeetwith the company’smanagementand take intoaccountgeneral industryandeconomic trends.The teamwill thencompare the intrinsicvalue that it has placedon the companyagainst itscurrentmarket price, andwill consider investingwherethemarket price is sufficiently lower than thevalue thatthe teamhasdetermined.

The Fundmayalso invest inREITs and income trustswithcharacteristics similar to those listed aboveand in foreignanddomestic fixed-income securities, includinghigh-yield, investment-gradeand convertible debt, aswell aspreferred shares.TheFundalsomaywrite covered calloptions onequities held in theportfolio togenerate income.

For the fixed-incomeportionof theportfolio, the teaminvestsprimarily indebt securities thatareeitherinvestmentgradeorbelow investmentgrade, although theteammay invest inunrateddebt securities aswell.Theterms tomaturitymayvary.The teamcarriesout in-depthresearch to lookfordebt securitieswhose fundamentalvaluesarenot reflected in theircredit ratingsandprices,andwhichofferattractiveopportunities relative to risk.There isnoattempt tomirror thecompositionof theFund’sbenchmarkbond index.




Theportfoliomanagement teamwill typically sell asecurity under the following conditions: (a)where thepriceof the security increases toa level that the teamconsiders tobeator near its intrinsic value, (b)wherethere aremore attractive opportunities, or (c)where theoriginal investment thesis fora companyhas changedoris no longer valid. Fixed-income securitiesmaybehelduntilmaturity.

TheFundmayalso invest inother financial instruments,suchas creditderivatives, thatmayhaveeconomiccharacteristics similar to floating rate debt instruments.

TheFundwill typically invest nomore than30%of its netassets in foreign securities.

The sub-advisor responsible for the cashportionof theFundmay, in its discretion, invest someorall of the cashassets directly inmoneymarket instruments orothershort-termdebt securities.The Fundmay invest the cashportionof its assets in securities ofmoneymarket fundsthat aremanagedbyusoroneofouraffiliates orassociates. Inmaking this investmentdecision, thesub-advisorconsiders anumberof factors, including theFund’s requirement foraCanadian- orU.S.-dollar-denominated short-term investmentand theyield orreturn to the Fund.

TheFundmayusederivatives, suchasoptions, forwardsand futures, for the purposes describedbelow.TheFundmayseek tohedge against potential loss. Pleasevisit ourwebsite atwww.invesco.ca for summary informationontheFund’s currencyhedgingpositions, ifany.

TheFundmayalsousederivatives for non-hedgingpurposes in order to invest indirectly in securities orfinancialmarkets or togain exposure toothercurrencies.If used for non-hedgingpurposes, optionswill representnomore than 10%of thenet assets of the Fund.

Anyuseofderivativeswill be consistentwith theinvestmentobjectives of the Fundandwill complywiththe requirements ofCanadian securities regulation, asalteredby theexemptiongranted topermit theFund to(i) enter into interest rate swaps, creditdefault swapsor, ifthe transaction is for hedgingpurposes, currencyforwards, in all caseswith a remaining term-to-maturityofgreater than threeyears; (ii) use as coverbonds,debentures, notesorotherevidencesof indebtednessthat are liquid, floating rate debt instruments andsecurities of the InvescoCanada cashmanagementfunds; and (iii) use as cover,when theFundholds a longposition in a standardized future or forwardor is entitled

to receive payments undera swap, a rightorobligation tosell anequivalentquantityof the underlying interest ofthe standardized future, forwardor swap.

In anticipationof, or in response to, adversemarketconditions, forcashmanagement purposes, fordefensivepurposes, for purposes ofamergerorother transaction,orwhere the portfoliomanagement team is otherwiseunable to identifyattractive investmentopportunities,the Fundmayhold all ora portionof its assets in cash,moneymarket instruments, securities ofaffiliatedmoneymarket funds, bondsorotherdebt securities. As a result,the Fundmaynot be fully invested in accordancewith itsinvestmentobjectives and, in a risingmarket, there couldbeanegative impact onperformance relative tootherfully investedmutual fundswith similarobjectives.



RisksPrimary

riskSecondary

risk



Credit risk „

Currency risk „

Derivative risk „

Equity risk „






Series risk „



Trimark Diversified Income Class (continued)



Investorswho:

mWanta fund that canutilize a broad rangeofinvestment types that canbenefit in a varietyofmarket environments

m Are comfortablewithbelowaverage risk

mWant the flexibility to switch toanotherclass ofInvescoCanadaFund Inc.without triggering taxablecapital gains

TheFund is not appropriate if youhave a short-terminvestment horizon.

SeriesT4,T6,T8andF8areappropriate for investorswhowant to receive regulardistributions.

Distributionpolicy

SeriesA,Fand I

Ordinarydividends, ifany, are paid inMarchand capitalgains dividends, ifany, are paid inMay.Weautomaticallyreinvestdividends in theFund if youhold your sharesinside a registeredplan.Outside a registeredplan,weautomatically reinvestdividends unlessyou requestdividendsbychequeordirectdeposit toyourbankaccount.

Tax-efficient flexible distributionseries (the “T-FLEXseries”): SeriesF8,T4,T6andT8

TheT-FLEXserieshavebeendesigned toprovideyouwithanaggregate annual distributionper share that is paidmonthly (the “PlannedAnnualAmount”).ThePlannedAnnualAmount foreachT-FLEXserieswill be adjustedonce ayear, basedon theannual targetdistribution rate(the “TargetDistributionRate”) for that series and theNAVof that series at theendof theprecedingyear. Detailsof thePlannedAnnualAmountwill be available fromuson request.

Currently, theTargetDistributionRates of theT-FLEXseries are as follows:

m SeriesT4: 4%

m SeriesT6: 6%

m Series F8andT8:8%

We reserve the right to adjust theTargetDistributionRates underappropriate circumstances.



All other things being equal, a higher TargetDistributionRatewill result in a largeramount beingdistributed as areturnofcapital. Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmayresult in the return toyouof the entire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyou is not immediately taxable inyourhands, butwill reduceyourACBof the related shares.However, if the distributions are reinvested in additionalshares of the Fund, theACBwill increaseby theamountreinvested.Where net reductions to theACBof yourshareswould result in theACBbecominganegativeamount, suchamountwill be treated as a capital gainrealizedby youand theACBof your related shareswillthenbenil. Any further net reductions toACBwillsimilarly be treated as capital gains realizedby yououtside a registeredplan.

Youshould consult your taxadvisor regarding the taximplicationsof receivingordinarydividends, capital gainsdividends and/or returns ofcapital on theT-FLEXseries.






SeriesA $21.94 $69.15 $121.20 $275.90

Series F $12.61 $39.75 $69.66 $158.58

Series F8 $12.61 $39.75 $69.66 $158.58

SeriesT4 $21.12 $66.57 $116.67 $265.58

SeriesT6 $20.91 $65.92 $115.54 $263.00

SeriesT8 $22.14 $69.80 $122.34 $278.47



Trimark Diversified Yield Class(formerlyTrimarkMonthly IncomePrivatePool)of InvescoCorporateClass Inc.

Funddetails


Securities offered SeriesA, SeriesF, SeriesP, SeriesPF,SeriesPF6, SeriesPT4, SeriesPT6, andSeriesPT8,SeriesT4,SeriesT6andSeriesT8sharesofamutualfund corporation

Startdate SeriesA:August9, 2011Series F:August9, 2011SeriesP:August 20, 2007(designatedSeriesAuntil July21, 2011;redesignatedSeriesPeffectiveJuly22, 2011)SeriesPF:August 20, 2007(designatedSeries Funtil July21, 2011;redesignatedSeriesPFeffectiveJuly22, 2011)SeriesPF6: June20, 2006(designatedSeries Funtil August 19,2007; redesignatedSeries F6effectiveAugust 20, 2007; designatedSeries F6until July 21, 2011; redesignatedSeriesPF6effectiveJuly22, 2011)SeriesPT4:August 20, 2007(designatedSeriesT4until July 21, 2011;redesignatedSeriesPT4effectiveJuly22, 2011)SeriesPT6: June20, 2006(designatedSeriesAuntil August 19,2007; redesignatedSeriesT6effectiveAugust 20, 2007; designatedSeriesT6until July 21, 2011; redesignatedSeriesPT6effectiveJuly 22, 2011)SeriesPT8:August 20, 2007(designatedSeriesT8until July21, 2011;redesignatedSeriesPT8effectiveJuly22, 2011)SeriesT4:August9, 2011SeriesT6:August 9, 2011SeriesT8:August 9, 2011



SeriesA: 2.00%Series F: 1.00%SeriesP: 1.85%SeriesPF:0.85%SeriesPF6:0.85%SeriesPT4: 1.85%SeriesPT6: 1.85%SeriesPT8: 1.85%SeriesT4: 2.00%SeriesT6: 2.00%SeriesT8: 2.00%




TrimarkDiversifiedYieldClass seeks togenerate a totalreturnover the long term.TheFundwill invest primarily inCanadianequity securities, REITs, royaltyand incometrusts and fixed income securities, includingpreferredshares and convertible debt.

The investmentobjectives of theFund cannot be changedwithout theapproval ofamajorityof the investors at ameeting called to consider the change.


Toachieve these objectives, theFund takes adiversifiedinvestment approach that has thepotential to performwell in avarietyofmarket environments.TheFundemploys a total return approachover the long termasameansof fundingdistributions.Total return includesinterest, dividendsand capital gains.

Theportfoliomanagement teamapplies a rigorousbottom-up fundamental investmentapproach toanalyzethe qualityand valueof individual companies todeterminewhetherornot to invest in them.There is noattempt tomirror the compositionof theFund’sbenchmark index.



m That have thepotential to generate strong cash flow

m That possess strongmanagement



The Fundmayalso invest inREITs and income trustswithcharacteristics similar to those listed aboveand in foreignanddomestic fixed-income securities, including


high-yield, investmentgrade and convertible debt, aswell as preferred shares.The Fundmayalsowrite coveredcall options onequities held in theportfolio togenerate income.

TheFundmayalso invest inother financial instruments,suchas creditderivatives, thatmayhaveeconomiccharacteristics similar to floating rate debt instruments.

TheFundmayalso invest a portionof its assets insecurities of fixed-incomemutual funds thataremanagedbyus oroneofouraffiliates orassociates.When selectinga fixed-incomemutual fund inwhich to invest (an“underlying fixed-income fund”), the portfoliomanagement teamwill consider thedegreeofexposureto the asset class that the underlying fixed-income fundwill provide to the Fund, the performanceof theunderlying fixed-income fund, and theexpense, ifany, totheFund thatmaybeassociatedwith the investment.


Theportfoliomanagement teamwill typically sell asecurity under the following conditions: (a)where thepriceof the security increases toa level that the teamconsiders tobeator near its intrinsic value, (b)wherethere aremore attractive opportunities, or (c)where theoriginal investment thesis fora companyhas changedoris no longer valid. Fixed-income securitiesmaybehelduntilmaturity.



TheFundmayalsousederivatives for non-hedgingpurposes in order to invest indirectly in securities orfinancialmarkets and togainexposure toothercurrencies. If used for non-hedgingpurposes, optionswillrepresent nomore than 10%of thenet assets of theFund.

Anyuseofderivativeswill be consistentwith theinvestmentobjectives of the Fundandwill complywith

Canadian securities regulation, as alteredby theexemptions granted topermit theFund to (i) enter intointerest rate swaps, creditdefault swaps or, if thetransaction is for hedgingpurposes, currency forwards, inall caseswitha remaining term-to-maturityofgreaterthan threeyears; (ii) use as coverbonds, debentures,notes orotherevidences of indebtedness that are liquid,floating rate debt instruments and securities of theInvescoCanada cashmanagement funds; and (iii) use ascover,when theFund holds a longposition in astandardized futureor forwardor is entitled to receivepayments undera swap, a right orobligation to sell anequivalentquantityof theunderlying interest ofastandardized future, forwardor swap.

Anactivemanagement strategy is followed for this Fund.Thismay result in portfolio turnover,whichhas thefollowing implications for youas an investor:


mHigher trading costs,whichare anexpenseof the Fundandare paid outof Fundassetswhichmay reduceyour returns.




Trimark Diversified Yield Class (continued)


RisksPrimary

riskSecondary

risk



Credit risk „

Currency risk „

Derivative risk „

Equity risk „






Series risk „




Investorswho:

mWantan investment fund that canutilize abroad rangeof investmentvehicles that canbenefit in avarietyofmarket environments




Series PF6, PT4, PT6, PT8,T4,T6andT8areappropriatefor investorswhowant to receive regulardistributions.

Distributionpolicy

SeriesA,F,PandPF

Ordinarydividends, ifany, are paid inMarchand capitalgains dividends, ifany, are paid inMay.Weautomaticallyreinvestdividends in theFund if youhold your sharesinside a registeredplan.Outside a registeredplan,weautomatically reinvestdividends unlessyou request thatdividendsbepaidbychequeordirectdeposit toyourbankaccount.

Tax-efficient flexible distributionsseries (the“T-FLEXseries”): SeriesPF6,PT4,PT6,PT8,T4,T6andT8



m Series PT4andT4: 4%

m Series PF6, PT6andT6: 6%

m Series PT8andT8:8%




All other things being equal, a higher TargetDistributionRatewill result in a largeramount beingdistributed as areturnofcapital. Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmayresult in the return toyouof the entire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyou is not immediately taxable inyourhands, butwill reduceyourACBof the related shares.However, if the distributions are reinvested in additionalshares of the Fund, theACBwill increaseby theamountreinvested.Where net reductions to theACBof yourshareswould result in theACBbecominganegativeamount, suchamountwill be treated as a capital gainrealizedby youand theACBof your related shareswill



thenbenil. Any furthernet reductions toACBwillsimilarly be treated as capital gains realizedby yououtside a registeredplan.

Youshould consult your taxadvisor regarding the taximplications of receiving distributions (including returnsofcapital) on theT-FLEXseries.




SeriesP $22.35 $70.44 $123.47 $281.05

SeriesPF $110.87 $34.25 $60.04 $136.66

SeriesPF6 $10.76 $33.93 $59.47 $135.37

SeriesPT4 $21.73 $68.50 $120.07 $273.32

SeriesPT6 $22.14 $69.80 $122.34 $278.47

SeriesPT8 $21.83 $68.83 $120.64 $274.61

Wehavenot shownanexample forSeriesA, Series F,Series T4, SeriesT6andSeriesT8 shares of theFundbecause these series arenew.



Trimark Global Balanced Fund

Funddetails

Fund type Global balanced

Securities offered SeriesA, SeriesD, Series F, Series I,SeriesT4,SeriesT6, SeriesT8andSeriesHunits ofamutual fund trust

Startdate SeriesA:October22, 1999SeriesD:August 25, 2003Series F: February 11, 2000Series I: August 16, 2000(offeredasofOctober22, 1999bywayofprivateplacement)SeriesT4:August 20, 2007SeriesT6:August 20, 2007SeriesT8:August 20, 2007SeriesDunits of this Fundare currentlyclosed tonew investors; however, existinginvestorsmaycontinue tobuySeriesDunits of this Fund inanaccount thatalreadyholdsSeriesDunits of this Fund.SeriesH: October 13, 2009



SeriesA: 2.00%SeriesD: 1.60%Series F: 1.00%Series I: negotiatedandpaid byeachSeries I investorSeriesT4: 2.00%SeriesT6: 2.00%SeriesT8: 2.00%SeriesH: 2.00%

Sub-advisors InvescoAdvisers, Inc.,Atlanta,Georgia, forcashportionoftheFundInvescoAssetManagementLimited,London, England, forcurrencyhedgingofSeriesHunits of theFund



TrimarkGlobal BalancedFund seeks toprovide ahightotal investment return througha combinationof incomeand strong capital growth.The Fundholds abalancedportfolio ofequities, convertible and fixed-incomesecurities issuedbygovernments – federal, provincial ormunicipal – orcorporations, anywhere in theworld.



Toachieve these objectives, theportfoliomanagementteamfocusesonabalanced portfolio that emphasizes, forthe equity portionof the portfolio, a rigorous bottom-upfundamental investmentapproach toanalyze thequalityand value of individual securities.There is noattempt tomirror the compositionof the Fund’s benchmark index.

Theportfoliomanagement team looks for:

m Commonshares ofestablished companies that havethepotential for futuregrowthand that arebelieved tobeundervalued in relation to their intrinsic value

m Convertible securities ofgrowing companies

As part ofa comprehensive assessmentofa company’sintrinsic value, the teamuses avarietyof valuationmethodsandwill typically reviewa company’s financialinformation, competitive positionand its futureprospects.The teammayalsomeetwith the company’smanagementand take intoaccountgeneral industryandeconomic trends.The teamwill thencompare the intrinsicvalue that it has placedon the companyagainst itscurrentmarket price, andwill consider investingwherethemarket price is sufficiently lower than thevalue thatthe teamhasdetermined.

For the fixed-incomeportionof the portfolio, the teamcarries out in-depth researchand invests primarily insecurities issuedbygovernments and corporationsanywhere in theworldwhose fundamental values arenotreflected in their credit ratings and prices, andwhichofferattractiveopportunities relative to risk.There is noattempt tomirror the compositionof theFund’sbenchmarkbond index.

Theportfoliomanagement teamuses ananalyticalapproach that considers the fundamental characteristicsof the issuerand themacroeconomicoutlook inorder toenhance interest incomeand/orcapital appreciation.Theteamalsoemploys strategies thatmayanticipate interestrates, andmayutilize riskmanagement techniques tomitigate investment risks.


Theportfoliomanagement teamwill typically sell asecurity under the following conditions: (a)where theprice of the security increases toa level that the teamconsiders tobe ator near its intrinsic value, (b)wherethere aremoreattractiveopportunities, or (c)where theoriginal investment thesis fora companyhas changedor


is no longer valid. Fixed-income securitiesmaybeheldtomaturity.

TheFund ismanaged to complywith the investmentrestrictions set out inSchedule III of theRegulations tothePensionBenefits StandardsAct, 1985 (Canada)applying theprovisions as if theFundwere apensionplan.

TheFundhas obtained regulatoryapproval to invest up tothe following amountof its net assets invested indebtsecurities, takenatmarket value at the timeof purchase,in debt securities ofa single issuer (a) 20%where thosedebt securities are issuedorguaranteedbysupranationalagencies orgovernments (other than the governments ofCanada, a provinceor territoryofCanadaor theU.S.) andthedebt securities haveaStandard&Poor’s credit ratingof “AA”or higher (oranequivalent rating byanotherapproved credit rating organization), and (b) 35%wherethedebt securities are issuedorguaranteedbysupranational agencies orgovernments (other than thegovernments ofCanada, a province or territoryofCanadaor theU.S.) and thedebt securities haveaStandard&Poor’s credit rating of “AAA”orhigher (oranequivalentrating byanotherapproved credit rating organization).

Theapproval is subject to the following conditions: (i)(a) and (b) abovemaynot be combined foranyone issuer;(ii) the debt securitiesmust be tradedonamature andliquidmarket; and (iii) the acquisitionof the debtsecuritiesmust be consistentwith the fundamentalinvestmentobjectives of the Fund.


TheFundwill usederivatives, suchasoptions, forwardsand futures, for the purposes describedbelow. ForSeriesHunits of the Fund, the currencyhedgingsub-advisorwill strive to fully hedge the foreign currencyexposure ofeachcurrencyheldwithin theFund.However,thiswill likely be impossible todoatall timesgiven, amongother things, thedifficultyof hedging certain currenciesand theexcessive costs of hedgingnon-standardamounts foreachcurrency.Therefore, the level ofhedgingmaynot always fullycoverormatch the foreigncurrencyexposure.Accordingly, SeriesHunits of theFundwill generally havea return that is based on the

performanceof theFund’s portfolio investmentsexcluding foreign currencyexposure.

Forall other series of theFund, theFundmayormaynothedge someorall of their foreign currencyexposure andthe returnon these series of units of theFundwillgenerally bebasedonboth theperformanceof theFunds’portfolio investments and theperformanceof the foreigncurrency inwhich these investmentswere purchasedrelative to theCanadiandollar. Pleasevisit ourwebsite atwww.invesco.ca for summary informationon theFund’scurrencyhedgingpositions other than forSeriesH, ifany.

The Fundmayalsousederivatives tohedge against otherpotential losses.

The Fundmayusederivatives for non-hedgingpurposesinorder to invest indirectly in securities or financialmarkets or to gain exposure toothercurrencies (exceptforSeriesHunits of theFund). If used for non-hedgingpurposes, optionswill represent nomore than 10%of thenet assets of theFund.



In themanagementof its portfolio, the Fund mayuserepurchase and reverse repurchase transactions, andmayenter into securities lending agreements.Thesetransactionswill only bemadewithparties that are


Trimark Global Balanced Fund (continued)

considered tobecreditworthyandwhere the transactionsshould earn theFundadditional returns. Foradescriptionof repurchaseand reverse repurchase transactions andsecurities lending agreements, and the strategies usedbytheFund to reduce the risks associatedwith thesetransactions, please see the discussionunderRepurchaseand reverse repurchase transactions and securitieslending riskonpage 11.


RisksPrimary

riskSecondary

risk



Credit risk „

Currency risk „

Derivative risk „

Equity risk „





Series risk „

BecauseSeriesHalwaysuses derivative instruments tohedgeagainst foreign currencyexposure, SeriesHunitsof theFundwill generally havegreater riskassociatedwith theuseofderivatives than theunits of theotherseries of the Fund.Currency risk, as describedonpage7,will be reduced substantially forSeriesHunits of theFundbecause their portionof theFund’s foreign currencyexposurewill be hedged.Thiswill not be the case for theother series of theFundwhichhavemorediscretiononwhether tohedgeagainst foreign currencyexposure.However, therewill be circumstances, fromtime to time,where the level of hedging in respectofassetsattributable toSeriesHdoes not fully cover the foreigncurrencyexposureof theSeriesHunits of the Fund.


As at July5, 2011, an investor held 14.17%of theunits oftheFund. Please seeLarge transaction riskonpage 10 fordetails of the risks associatedwitha possible redemptionof theseunits.


Investorswho:

mWantcapital growthand incomeover themid tolong term

mWantadiversified global balanced investment


Investorswhowish togainexposure to foreigninvestments butwish tominimize exposure tofluctuations in foreign currency relative to theCanadiandollar should invest inSeriesHunits of this Fund.

The Fund is not appropriate if youhavea short-terminvestment horizon.

SeriesT4,T6andT8areappropriate for investorswhowant to receive regulardistributions.

Distributionpolicy

SeriesA,D, F, I andH

Distributionsof income, ifany, aremadequarterlyanddistributions ofcapital gains, ifany, aremadeannually inDecember.Weautomatically reinvestdistributions in theFund if youhold yourunits inside a registeredplan.Outside a registeredplan,weautomatically reinvestdistributions unlessyou requestdistributions bychequeordirectdeposit toyour bankaccount. Distributions inU.S. dollars are paid bycheque.

Tax-efficient flexible distributionseries (the“T-FLEXseries”): SeriesT4,T6andT8

TheT-FLEXseries havebeendesigned toprovideyouwithanaggregate annual distributionper unit that is paidmonthly (the “PlannedAnnualAmount”).ThePlannedAnnualAmount foreachT-FLEXserieswill be adjustedonceayear, based on theannual targetdistribution rate(the “TargetDistributionRate”) for that T-FLEXseries andtheNAVof that T-FLEXseries at the endof the precedingyear. Details of thePlannedAnnualAmountwill beavailable fromuson request.


m Series T4: 4%

m Series T6: 6%

m Series T8:8%




Monthlydistributionsof thePlannedAnnualAmountmaycomprisenet incomeand/oramounts treated as returnsofcapital.The compositionof themonthlydistributions asbetweennet incomeandamounts treated as returnsofcapitalmayvary frommonth tomonth.Additionaldistributionsof income, ifany, anddistributionsofrealized capital gains, ifany,will bemadeannuallyinDecember.

Weautomatically reinvestdistributions in the Fund if youhold yourunits inside a registeredplan.Outside aregisteredplan, (i) anymonthlydistributionswill bemadetoyoubychequeordirectdeposit toyour bankaccountunlessyou request that suchdistributions be reinvestedin theFund, and (ii)weautomatically reinvest the annualdistributions, ifany, unlessyou request that suchdistributionsbepaid bychequeordirectdeposit toyourbankaccount.

All other things being equal, a higher TargetDistributionRatewill result in a largeramount being distributed as areturnofcapital. Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmayresult in the return toyouof theentire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyou is not immediately taxable inyourhands, butwill reduceyourACBof the relatedunits.However, if thedistributions are reinvested in additionalunits of the Fund, theACBwill increaseby theamountreinvested.Wherenet reductions to theACBof your unitswould result in theACBbecominganegative amount,suchamountwill be treated as a capital gain realizedbyyouand theACBof your relatedunitswill thenbenil. Anyfurther net reductions toACBwill similarly be treated ascapital gains realizedbyyououtside a registeredplan.





SeriesA $25.52 $80.46 $141.03 $321.02

SeriesD $21.03 $66.29 $116.19 $264.49

Series F $12.84 $40.46 $70.92 $161.44

SeriesH $25.31 $79.79 $139.86 $318.36

SeriesT4 $23.17 $73.04 $128.02 $291.40

SeriesT6 $23.77 $74.93 $131.34 $298.97

SeriesT8 $23.45 $73.91 $129.56 $294.91



Trimark Global Balanced Classof InvescoCorporateClass Inc.

Funddetails

Fund type Global balanced

Securities offered SeriesA, SeriesF, Series FH,SeriesH,SeriesP, SeriesPF, SeriesPH,SeriesT4,SeriesT6andSeriesT8sharesofamutual fund corporation

Startdate SeriesA:August 29, 2002Series F:August 29, 2002Series FH: July29, 2011SeriesH:October 13, 2009SeriesP: July29, 2011SeriesPF: July29, 2011SeriesPH:July29, 2011SeriesT4:August 14, 2008SeriesT6:August 14, 2008SeriesT8:August 14, 2008



SeriesA: 2.00%Series F: 1.00%Series FH: 1.00%SeriesH: 2.00%SeriesP: 1.85%SeriesPF:0.85%SeriesPH: 1.85%SeriesT4: 2.00%SeriesT6: 2.00%SeriesT8: 2.00%

Sub-advisors InvescoAdvisers, Inc.,Atlanta,Georgia, forcashportionoftheFundInvescoAssetManagementLimited,London, England, forcurrencyhedgingofSeries FH,SeriesHandSeriesPHsharesof theFund



TrimarkGlobal BalancedClass seeks toprovide a hightotal investment return througha combinationof incomeand strong capital growth.The Fundholds abalancedportfolio ofequities, convertible and fixed-incomesecurities issuedbygovernments – federal, provincial ormunicipal – orcorporations, anywhere in theworld.



Toachieve these objectives, theportfoliomanagementteamfocusesonabalanced portfolio that emphasizes, forthe equity portionof the portfolio, a rigorous bottom-upfundamental investmentapproach toanalyze thequalityand value of individual securities.There is noattempt tomirror the compositionof the Fund’s benchmark index.


m Commonshares ofestablished companies that havethepotential for futuregrowthand that arebelieved tobeundervalued in relation to their intrinsic value



For the fixed-incomeportionof the portfolio, the teamcarries out in-depth researchand invests primarily insecurities issuedbygovernments and corporationsanywhere in theworldwhose fundamental values arenotreflected in their credit ratings and prices, andwhichofferattractiveopportunities relative to risk.There is noattempt tomirror the compositionof theFund’sbenchmarkbond index.



Theportfoliomanagement teamwill typically sell asecurity under the following conditions: (a)where theprice of the security increases toa level that the teamconsiders tobe ator near its intrinsic value, (b)wherethere aremoreattractiveopportunities, or (c)where theoriginal investment thesis fora companyhas changedor


is no longer valid. Fixed-income securitiesmaybeheldtomaturity.

TheFundhas obtained regulatoryapproval to invest up tothe following amountof its net assets invested indebtsecurities, takenatmarket value at the timeof purchase,in debt securities ofa single issuer (a) 20%where thosedebt securities are issuedorguaranteedbysupranationalagencies orgovernments (other than the governments ofCanada, a provinceor territoryofCanadaor theU.S.) andthedebt securities haveaStandard&Poor’s credit ratingof “AA”or higher (oranequivalent rating byanotherapproved credit rating organization), and (b) 35%wherethedebt securities are issuedorguaranteedbysupranational agencies orgovernments (other than thegovernments ofCanada, a province or territoryofCanadaor theU.S.) and thedebt securities haveaStandard&Poor’s credit rating of “AAA”orhigher (oranequivalentrating byanotherapproved credit rating organization).

Theapproval is subject to the following conditions: (i)(a) and (b) abovemaynot be combined foranyone issuer;(ii) the debt securitiesmust be tradedonamature andliquidmarket; and (iii) the acquisitionof the debtsecuritiesmust be consistentwith the fundamentalinvestmentobjectives of the Fund.


TheFundwill usederivatives, suchasoptions, forwardsand futures, for the purposes describedbelow. ForSeries FH, SeriesHandSeries PHsharesof theFund, thecurrencyhedging sub-advisorwill strive to fully hedge theforeign currencyexposureofeachcurrencyheldwithintheFund.However, thiswill likely be impossible todoat alltimes given, amongother things, thedifficultyof hedgingcertain currencies and the excessive costs of hedgingnon-standard amounts foreachcurrency.Therefore, thelevel of hedgingmaynotalways fully coverormatch theforeign currencyexposure.Accordingly, Series FH,SeriesHandSeries PH shares of the Fundwill generallyhave a return that is basedon theperformanceof theFund’s portfolio investments excluding foreigncurrencyexposure.

Forall other series of the Fund, the Fundmayormaynothedge someorall of their foreign currencyexposure and

the returnon these series of shares of the Fundwillgenerally bebasedonboth theperformanceof theFunds’portfolio investments and theperformanceof the foreigncurrency inwhich these investmentswere purchasedrelative to theCanadiandollar. Pleasevisit ourwebsite atwww.invesco.ca for summary informationon theFund’scurrencyhedgingpositions other than forSeries FH,SeriesHandSeriesPH, ifany.


The Fundmayusederivatives for non-hedgingpurposesinorder to invest indirectly in securities or financialmarkets or to gain exposure toothercurrencies (exceptforSeries FH, SeriesHandSeries PHshares of the Fund).If used for non-hedgingpurposes, optionswill representnomore than 10%of thenet assets of theFund.

Anyuseofderivativeswill be consistentwith theinvestmentobjectives of theFundand will complywiththe requirements of Canadian securities regulation, asalteredby the exemptiongranted topermit the Fund to(i) enter into interest rate swaps, credit default swaps or, ifthe transaction is for hedgingpurposes, currencyforwards, in all caseswitha remaining term-to-maturityofgreater threeyears; (ii) useascoverbonds, debentures,notes orotherevidences of indebtedness that are liquid,floating rate debt instruments and securities of theInvescoCanada cashmanagement funds; and (iii) use ascover,when theFund holds a longposition in astandardized futureor forwardor is entitled to receivepayments undera swap, a right orobligation to sell anequivalentquantityof theunderlying interest of thestandardized future, forwardor swap.


In themanagementof its portfolio, the Fund mayuserepurchase and reverse repurchase transactions, andmayenter into securities lending agreements.Thesetransactionswill only bemadewithparties that areconsidered tobecreditworthyandwhere the transactionsshould earn theFundadditional returns. Fora descriptionof repurchase and reverse repurchase transactions andsecurities lending agreements, and the strategies used by


Trimark Global Balanced Class (continued)

theFund to reduce the risks associatedwith thesetransactions, please see the discussionunderRepurchaseand reverse repurchase transactions and securitieslending riskonpage 11.


RisksPrimary

riskSecondary

risk



Credit risk „

Currency risk „

Derivative risk „

Equity risk „






Series risk „

BecauseSeries FH, SeriesHandSeriesPHshares alwaysusesderivative instruments tohedge against foreigncurrencyexposure, Series FH, SeriesHandSeries PHsharesof theFundwill generally havegreater riskassociatedwith theuseofderivatives than the shares oftheother series of theFund.Currency risk, as describedonpage7,will be reduced substantially forSeries FH,SeriesHandSeries PHshares of the Fundbecause theirportionof theFund’s foreign currencyexposurewill behedged.Thiswill not be the case for the other series of theFundwhichhavemorediscretiononwhether tohedgeagainst foreign currencyexposure.However, therewill becircumstances, from time to time,where the level ofhedging in respectofassets attributable toSeries FH,SeriesHandSeries PH shares does not fully cover theforeign currencyexposureof theSeries FH, SeriesHandSeries PHshares of the Fund.



Investorswho:

mWantcapital growthand incomeover themid tolong term

mWanta diversified global balanced investment


mWant the flexibility to switch toanotherclass ofInvescoCorporateClass Inc.without triggering taxablecapital gains

Investorswhowish togainexposure to foreigninvestments butwish tominimize exposure tofluctuations in foreign currency relative to theCanadiandollar should invest inSeries FH, SeriesHandSeries PHshares of this Fund.



Distributionpolicy

SeriesA,F, FH,H,P,PFandPH

Ordinarydividends, ifany, are paid inMarchand capitalgains dividends, ifany, are paid inMay.Weautomaticallyreinvestdividends in the Fund if youhold your sharesinside a registered plan.Outside a registered plan,weautomatically reinvestdividendsunlessyou requestdividends bychequeordirectdeposit toyour bankaccount. Dividends inU.S. dollars are paid bycheque.




m Series T4: 4%

m Series T6: 6%

m Series T8:8%


Monthlydistributions of thePlannedAnnualAmountmaycompriseordinarydividends and/or returns ofcapital.The compositionof themonthlydistributions asbetweenordinarydividendsand returnsofcapitalwill vary frommonth tomonth. Additional ordinarydividends, ifany,will



bepaid inMarchand capital gains dividends, ifany,will bepaid inMay.

Weautomatically reinvestdividendsand returnsofcapitalin theFund if youhold your shares inside a registeredplan.Outside a registeredplan, (i) anymonthlyordinarydividendswill be paid and/ormonthly returns ofcapitalwill bemade toyoubychequeordirectdeposit toyourbankaccount unlessyou request that suchdividendsandreturnsofcapital be reinvested in the Fund, and (ii)weautomatically reinvest the annual additional ordinarydividends, ifany, and theannual capital gains dividends, ifany, unlessyou request that suchdividendsbepaid bychequeordirectdeposit toyour bankaccount.

All other things being equal, a higher TargetDistributionRatewill result in a largeramount being distributed as areturnofcapital. Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmayresult in the return toyouof theentire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyou is not immediately taxable inyourhands, butwill reduceyourACBof the related shares.However, if thedistributions are reinvested in additionalsharesof theFund, theACBwill increaseby theamountreinvested.Wherenet reductions to theACBof yourshareswould result in theACBbecominganegativeamount, suchamountwill be treated as a capital gainrealizedbyyouand theACBof your related shareswillthenbenil. Any furthernet reductions toACBwillsimilarly be treated as capital gains realizedby yououtside a registeredplan.





SeriesA $25.63 $80.78 $141.59 $322.31

Series F $12.20 $38.45 $67.40 $153.42

SeriesH $26.34 $83.04 $145.56 $331.33

SeriesT4 $22.76 $71.74 $125.74 $286.21

SeriesT6 $25.42 $80.14 $140.46 $319.73

SeriesT8 $25.22 $79.49 $139.33 $317.15

Wehavenot shownanexample for Series P, Series PF,SeriesPHandSeriesFHsharesof theFundbecause theseseries are new.



Trimark Income Growth Fund

Funddetails


Securities offered SeriesA, SeriesF, Series I, SeriesSC,SeriesT4,SeriesT6andSeriesT8unitsofamutual fund trust

Startdate SeriesA:October22, 1999(PreviouslydesignatedSeriesDSC;redesignatedSeriesAeffectiveAugust 25, 2003)Series F: February 11, 2000Series I: November 15, 2002SeriesSC:September 1, 1987SeriesT4:August 20, 2007SeriesT6:August 20, 2007SeriesT8:August 20, 2007



SeriesA: 2.00%Series F: 1.00%Series I: negotiatedandpaid byeachSeries I investorSeriesSC: 1.75%onfirst $200millionof netassets; 1.50%onnetassets inexcess of$200millionSeriesT4: 2.00%SeriesT6: 2.00%SeriesT8: 2.00%




Trimark IncomeGrowthFund seeks togenerate capitalgrowthand incomeover the long term.TheFundinvests primarily inCanadianequities, fixed-incomesecurities of Canadian issuers, bothgovernmentand corporate, and foreignequities andfixed-incomesecurities.



Toachieve theseobjectives, the portfoliomanagementteamemphasizes, for theequity portionof the portfolio, arigorousbottom-up fundamental investmentapproach to

analyze the qualityand valueof individual securities.There is noattempt tomirror the compositionof theFund’s benchmark index.


m Commonshares ofCanadianand foreign companiesthat have thepotential for futuregrowthand that arebelieved tobeundervalued in relation to theirintrinsic value


TheFundmayalso invest inother financial instruments,suchas creditderivatives, thatmayhave economiccharacteristics similar to floating rate debt instruments.


For the fixed-incomeportionof the portfolio, the teamcarries out in-depth researchand invests primarily insecurities ofCanadianand foreigngovernments andcorporationswhose fundamental values are not reflectedin their credit ratings andprices, andwhichofferattractiveopportunities relative to risk.There is noattempt tomirror the compositionof theFund’sbenchmarkbond index.



Theportfoliomanagement teamwill typically sell asecurity under the following conditions: (a)where theprice of the security increases toa level that the teamconsiders tobe ator near its intrinsic value, (b)wherethere aremoreattractiveopportunities, or (c)where theoriginal investment thesis fora companyhas changedoris no longer valid. Fixed-incomesecuritiesmaybehelduntilmaturity.


TheFund ismanaged to complywith the investmentrestrictions set out inSchedule III of theRegulations tothePensionBenefits StandardsAct, 1985 (Canada)applying theprovisions as if theFundwere apensionplan.





In anticipationof, or in response to, adversemarketconditions, forcashmanagement purposes, fordefensivepurposes, for purposes ofamergerorother transaction,orwhere theportfoliomanagement team is otherwiseunable to identifyattractive investmentopportunities,theFundmayhold all ora portionof its assets in cash,moneymarket instruments, securities ofaffiliatedmoneymarket funds, bonds orotherdebt securities. As a result,the Fundmaynot be fully invested in accordancewith itsinvestmentobjectives and, in a risingmarket, there could

beanegative impact onperformance relative tootherfully investedmutual fundswith similarobjectives.



RisksPrimary

riskSecondary

risk



Credit risk „

Currency risk „

Derivative risk „

Equity risk „





Series risk „



As at July 5, 2011, two investors held, respectively, 18.78%and 11.32%of theunits of the Fund. Please see Largetransaction riskonpage 10 fordetails of the risksassociatedwithapossible redemptionof theseunits.


Investorswho:

mWantcapital growthand incomeover themediumtolong term

mWantadiversifiedCanadianbalanced investment



Trimark Income Growth Fund (continued)

Series T4,T6andT8are appropriate for investorswhowant to receive regulardistributions.


Distributionpolicy

SeriesA,F, I andSC

Distributions of income, ifany, aremademonthly.Distributions ofcapital gains, ifany, aremadeannually inDecember.Weautomatically reinvestdistributions in theFund if youhold your units inside a registered plan.Outside a registeredplan,weautomatically reinvestdistributionsunlessyou requestdistributionsbychequeordirectdeposit toyourbankaccount.

Tax-efficient flexible distributionseries (the “T-FLEXseries”): SeriesT4,T6andT8

TheT-FLEXserieshavebeendesigned toprovideyouwithanaggregate annual distributionper unit that is paidmonthly (the “PlannedAnnualAmount”).ThePlannedAnnualAmount foreachT-FLEXserieswill be adjustedonce ayear, basedon theannual targetdistribution rate(the “TargetDistributionRate”) for that T-FLEXseries andtheNAVof that T-FLEXseries at theendof theprecedingyear. Details of thePlannedAnnualAmountwill beavailable fromuson request.


m SeriesT4: 4%

m SeriesT6: 6%

m SeriesT8:8%



Weautomatically reinvestdistributions in the Fund if youhold yourunits inside a registeredplan.Outside aregisteredplan, (i) anymonthlydistributionswill bemadetoyoubychequeordirectdeposit toyour bankaccountunlessyou request that suchdistributions be reinvestedin theFund, and (ii)weautomatically reinvest the annualdistributions, ifany, unlessyou request that such

distributions bepaid bychequeordirectdeposit toyourbankaccount.

All other things being equal, a higher TargetDistributionRatewill result in a largeramount beingdistributed as areturnofcapital. Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmayresult in the return toyouof the entire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyou is not immediately taxable inyourhands, butwill reduceyourACBof the relatedunits.However, if the distributions are reinvested in additionalunits of theFund, theACBwill increaseby the amountreinvested.Where net reductions to theACBof yourunitswould result in theACBbecominganegative amount,suchamountwill be treated as a capital gain realizedbyyouand theACBof your relatedunitswill thenbenil. Anyfurthernet reductions toACBwill similarly be treated ascapital gains realizedby yououtside a registeredplan.

Youshould consult your taxadvisor regarding the taximplicationsof receiving distributions (including returnsofcapital) on theT-FLEXseries.




SeriesA $25.05 $78.96 $138.40 $315.03

Series F $11.79 $37.16 $65.14 $148.27

SeriesSC $17.43 $54.93 $96.28 $219.17

SeriesT4 $23.20 $73.13 $128.18 $291.77

SeriesT6 $23.38 $73.71 $129.19 $294.07

SeriesT8 $23.06 $72.70 $127.43 $290.08


Trimark Income Growth Fund (continued)

Trimark Select Balanced Fund

Funddetails


Securities offered SeriesA, SeriesF, Series I, SeriesT4,SeriesT6andSeriesT8units ofamutualfund trust

Startdate SeriesA:December 1, 1989Series F: February 11, 2000Series I: August 25, 2003(offeredasof February 15, 2002bywayofprivateplacement)SeriesT4:August 20, 2007SeriesT6:August 20, 2007SeriesT8:August 20, 2007



SeriesA: 2.00%Series F: 1.00%Series I: negotiatedandpaid byeachSeries I investorSeriesT4: 2.00%SeriesT6: 2.00%SeriesT8: 2.00%




TrimarkSelect BalancedFund seeks togenerate capitalgrowthand incomeover the long term.TheFund investsprimarily inCanadianequities, fixed-income securities ofCanadian issuers, bothgovernment and corporate, andforeignequities and fixed-incomesecurities.



Toachieve theseobjectives, the portfoliomanagementteamemphasizes, for theequity portionof the portfolio, arigorousbottom-up fundamental investmentapproach toanalyze thequalityand valueof individual companies todeterminewhetheror not to invest in them.There is noattempt tomirror the compositionof the Fund’sbenchmark index.



m That have shownanability to recognize andexploitopportunities for business expansionorwhosemanagement has shownstrongentrepreneurial skills


The teamalso invests in convertible securities ofgrowing companies.


For the fixed-incomeportionof the portfolio, the teamcarries out in-depth researchand invests primarily in debtsecurities ofCanadianand foreigngovernments andcompanieswhose fundamental values are not reflected intheir credit ratings andprices, andwhichofferattractiveopportunities relative to risk.There is noattempt tomirror the compositionof the Fund’s benchmarkbond index.

The Fund is activelymanagedby:

mAdjusting the average term-to-maturityofthe investments

m Diversifyingholdings amongvarious issuers



Theportfoliomanagement teamwill typically sell asecurity under the following conditions: (a)where theprice of the security increases toa level that the teamconsiders tobe ator near its intrinsic value, (b)where


there aremore attractive opportunities, or (c)where theoriginal investment thesis fora companyhas changedoris no longer valid. Fixed-income securitiesmaybehelduntilmaturity.






In anticipationof, or in response to, adversemarketconditions, forcashmanagement purposes, fordefensivepurposes, for purposes ofamergerorother transaction,orwhere theportfoliomanagement team is otherwiseunable to identifyattractive investmentopportunities,theFundmayhold all ora portionof its assets in cash,moneymarket instruments, securities ofaffiliatedmoneymarket funds, bonds orotherdebt securities. As a result,

the Fundmaynot be fully invested in accordancewith itsinvestmentobjectives and, in a risingmarket, there couldbeanegative impact onperformance relative tootherfully investedmutual fundswith similarobjectives.



RisksPrimary

riskSecondary

risk



Credit risk „

Currency risk „

Derivative risk „

Equity risk „





Series risk „



As at July 5, 2011, an investor held 10.16%of theunits ofthe Fund. Please seeLarge transaction riskonpage 10 fordetails of the risks associatedwithapossible redemptionof theseunits.


Investorswho:

mWantcapital growthand incomeover themediumtolong term


Trimark Select Balanced Fund (continued)

mWanta diversifiedCanadianbalanced investment




Distributionpolicy

SeriesA,Fand I

Distributions of income, ifany, aremadequarterlyanddistributionsofcapital gains, ifany, aremadeannually inDecember.Weautomatically reinvestdistributions in theFund if youhold your units inside a registered plan.Outside a registeredplan,weautomatically reinvestdistributionsunlessyou requestdistributionsbychequeordirectdeposit toyourbankaccount.




m SeriesT4: 4%

m SeriesT6: 6%

m SeriesT8:8%



Weautomatically reinvestdistributions in the Fund if youhold yourunits inside a registeredplan.Outside aregisteredplan, (i) anymonthlydistributionswill bemadetoyoubychequeordirectdeposit toyour bankaccount

unlessyou request that suchdistributions be reinvestedin theFund, and (ii)we automatically reinvest theannualdistributions, ifany, unlessyou request that suchdistributions bepaid bychequeordirectdeposit toyourbankaccount.






SeriesA $24.69 $77.83 $136.41 $310.51

Series F $12.26 $38.66 $67.77 $154.26

SeriesT4 $23.58 $74.32 $130.27 $296.52

SeriesT6 $24.00 $75.67 $132.63 $301.90

SeriesT8 $23.99 $75.61 $132.53 $301.68


Trimark Select Balanced Fund (continued)

Trimark Canadian Endeavour Fund

Funddetails

Fund type Canadianequity


Startdate SeriesA: September 1, 1988Series F: February 11, 2000Series I: August 16, 2004



SeriesA: 2.00%Series F: 1.00%Series I: negotiatedandpaid byeachSeries I investor




TrimarkCanadianEndeavour Fund seeks toprovidestrong capital growthwitha highdegreeof reliabilityoverthe long term.TheFund invests primarily in commonsharesofCanadian companies.



Toachieve theseobjectives, the portfoliomanagementteamapplies a rigorous bottom-up fundamentalinvestmentapproach toanalyze thequalityand value ofindividual companies todeterminewhetheror not toinvest in them.There is noattempt tomirror thecompositionof theFund’s benchmark index.


mWhose competitive advantages provide opportunitiesfor long-termgrowth


m Thatarebelieved tobeundervalued in relation to theirintrinsic value

Aspart ofa comprehensive assessmentofa company’sintrinsic value, the teamuses avarietyof valuationmethods andwill typically reviewacompany’s financial

information, competitive positionand its futureprospects.The teammayalsomeetwith the company’smanagementand take intoaccountgeneral industryandeconomic trends.The teamwill thencompare the intrinsicvalue that it has placedon the companyagainst itscurrentmarket price, andwill consider investingwherethemarket price is sufficiently lower than thevalue thatthe teamhasdetermined.

Theportfoliomanagement teamwill typically sell asecurity under the following conditions: (a)where theprice of the security increases toa level that the teamconsiders tobe ator near its intrinsic value, (b)wherethere aremoreattractiveopportunities, or (c)where theoriginal investment thesis fora company is nolonger valid.






Anyuseofderivativeswill be consistentwith theinvestmentobjectives of the Fundandwill complywiththe requirements ofCanadian securities regulation, asalteredby theexemptiongranted topermit theFund touse as cover (i) bonds, debentures, notesorotherevidencesof indebtedness that are liquid, floating ratedebt instruments and securities of the InvescoCanadacashmanagement funds; and (ii)when theFundholds alongposition in a standardized future or forwardor isentitled to receivepayments undera swap, a rightorobligation to sell anequivalentquantityof the underlyinginterest of the standardized future, forwardor swap.




RisksPrimary

riskSecondary

risk



Currency risk „

Derivative risk „

Equity risk „




Series risk „




Investorswho:

mWant strong capital growthover the long term


mAre comfortablewithaCanadianequity fund thatmayhave substantial foreignholdings

mAre comfortablewithaverage risk


Distributionpolicy

Distributions, ifany, aremadeannually inDecember.Weautomatically reinvestdistributions in theFund if youholdyour units inside a registeredplan.Outside a registeredplan,weautomatically reinvestdistributions unlessyourequestdistributions bychequeordirectdeposit toyourbankaccount.


Trimark Canadian Endeavour Fund (continued)




SeriesA $22.08 $69.62 $122.03 $277.76

Series F $12.89 $40.65 $71.25 $162.19


Trimark Canadian Endeavour Fund (continued)

Trimark Canadian Fund

Funddetails


Securities offered SeriesA, SeriesSC, SeriesFandSeries Iunits ofamutual fund trust

Startdate SeriesA:October22, 1999(PreviouslydesignatedSeriesDSC;redesignatedSeriesAeffectiveAugust 25, 2003)SeriesSC:September 1, 1981Series F: February 11, 2000Series I: August 25, 2003(offeredasof January24, 2003bywayofprivateplacement)



SeriesA: 2.00%SeriesSC: 1.75%onfirst $200millionofnetassets; 1.50%onnetassets inexcessof $200millionSeries F: 1.00%Series I: negotiatedandpaid byeachSeries I investor




TrimarkCanadianFund seeks toprovide strong capitalgrowthwithahighdegreeof reliabilityover the long term;it invests primarily in commonsharesofCanadian companies.










Amajorityof theFund’s non-cashassetswill be investedin securities of Canadian issuers.Without changing itsfundamental investmentobjectives, the Fund is permittedto invest up to49%of its non-cashassets in foreignsecurities.Theportfoliomanagement teamexpects thatforeign securitieswill not exceed40%of theFund’s netassets in the normal course.



The Fundmayusederivatives, suchas options, forwardsand futures, for thepurposesdescribedbelow.TheFund


mayseek tohedge against potential loss. Pleasevisit ourwebsite atwww.invesco.ca for summary informationontheFund’s currencyhedgingpositions, ifany.






RisksPrimary

riskSecondary

risk



Currency risk „

Derivative risk „

Equity risk „




Series risk „



As at July 5, 2011, two investors held, respectively,23.97%and 19.09%of theunits of theFund. Please seeLarge transaction riskonpage 10 fordetails of the risksassociatedwithapossible redemptionof theseunits.


Investorswho:






Distributionpolicy



Trimark Canadian Fund (continued)




SeriesA $26.08 $82.22 $144.12 $328.05

Series F $12.57 $39.64 $69.48 $158.16

SeriesSC $17.57 $55.38 $97.07 $220.97


Trimark Canadian Fund (continued)

Trimark Canadian Class(formerlyTrimarkCanadianFirst Class)of InvescoCanadaFund Inc.

Funddetails


Securities offered SeriesA, SeriesF, Series I, SeriesT4,SeriesT6andSeriesT8sharesofamutual fund corporation

Startdate SeriesA: September30, 1997

Series F:November 1, 2000Series I: November 15, 2002(offeredasof February 15, 2002bywayofprivateplacement)SeriesT4:August 20, 2007SeriesT6:August 20, 2007SeriesT8:August 20, 2007







TrimarkCanadianClass seeks togenerate long-termcapital growthby investingmainly inCanadianequitiesthat are determined tobeundervalued and that have thepotential for futuregrowth.










Amajorityof theFund’s noncashassetswill be investedin securities of Canadian issuers.Without changing itsfundamental investmentobjectives, the Fund is permittedto invest up to49%of its noncashassets in foreignsecurities.Theportfoliomanagement teamexpects thatforeign securitieswill not exceed40%of theFund’s netassets in the normal course.










RisksPrimary

riskSecondary

risk




Currency risk „

Derivative risk „

Equity risk „





Series risk „




Investorswho:

m Seek long-termgrowthpotential







Distributionpolicy

SeriesA,Fand I

Ordinarydividends, ifany, are paid inMarchand capitalgains dividends, ifany, are paid inMay.Weautomaticallyreinvestdividends in the Fund if youhold your sharesinside a registered plan.Outside a registered plan,we


Trimark Canadian Class (continued)

automatically reinvestdividends unlessyou requestdividendsbychequeordirectdeposit toyourbankaccount.


TheT-FLEXserieshavebeendesigned toprovideyouwithanaggregate annual distributionper share that is paidmonthly (the “PlannedAnnualAmount”).ThePlannedAnnualAmount foreachT-FLEXserieswill be adjustedonce ayear, basedon theannual targetdistribution rate(the “TargetDistributionRate”) for that T-FLEXseries andtheNAVof that T-FLEXseries at theendof theprecedingyear. Details of thePlannedAnnualAmountwill beavailable fromuson request.


m SeriesT4: 4%

m SeriesT6: 6%

m SeriesT8:8%


Monthlydistributionsof thePlannedAnnualAmountmaycompriseordinarydividends and/or returnsofcapital.The compositionof themonthlydistributions as betweenordinarydividends and returns ofcapitalwill vary frommonth tomonth.Additional ordinarydividends, ifany,willbe paid inMarchand capital gains dividends, ifany,will bepaid inMay.


All other things being equal, a higher TargetDistributionRatewill result in a largeramount being distributed as areturnofcapital. Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmayresult in the return toyouof theentire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyou is not immediately taxable inyourhands, butwill reduceyourACBof the related shares.However, if thedistributions are reinvested in additionalsharesof theFund, theACBwill increaseby theamount

reinvested.Where net reductions to theACBof yourshareswould result in theACBbecominganegativeamount, suchamountwill be treated as a capital gainrealizedby youand theACBof your related shareswillthenbenil. Any further net reductions toACBwillsimilarly be treated as capital gains realizedby yououtside a registeredplan.





SeriesA $26.65 $84.01 $147.26 $335.20

Series F $13.12 $41.36 $72.50 $165.02

SeriesT4 $23.47 $74.00 $129.70 $295.23

SeriesT6 $24.50 $77.23 $135.36 $308.13

SeriesT8 $25.63 $80.78 $141.59 $322.31


Trimark Canadian Class (continued)

Trimark Canadian Plus Dividend Classof InvescoCorporateClass Inc.

Funddetails


Securities offered SeriesA, SeriesF, Series F4, Series F6,Series F8, Series I, SeriesT4,SeriesT6andSeriesT8sharesofamutualfund corporation

Startdate SeriesA:April 16, 2007Series F:April 16, 2007Series F4:April 16, 2007Series F6:April 16, 2007Series F8:April 16, 2007Series I: April 16, 2007SeriesT4:April 16, 2007SeriesT6:April 16, 2007SeriesT8:April 16, 2007



SeriesA: 2.00%Series F: 1.00%Series F4: 1.00%Series F6: 1.00%Series F8: 1.00%Series I: negotiatedandpaid byeachSeries I investorSeriesT4: 2.00%SeriesT6: 2.00%SeriesT8: 2.00%




TrimarkCanadianPlusDividendClass seeks togenerate atotal returnover the long termby investing primarily individend-paying securities.TheFundwill invest primarilyinCanadian companies.



Toachieve theseobjectives, the portfoliomanagementteamapplies a rigorous bottom-up fundamentalinvestmentapproach toanalyze thequalityand value ofindividual companies todeterminewhetheror not to

invest in them.There is noattempt tomirror thecompositionof theFund’s benchmark index.

Theportfoliomanagement team looks forcompanies that:

m Possess competitive advantages that provideopportunities for long-termgrowth

mHave thepotential to generate strong cash flow

mHave strongmanagement

mArebelieved tobeundervalued relative to theirintrinsic value

mHave theability toprovide stable dividendpayments. Dividendsmay includeordinarydividends,stockdividends and share repurchases

TheFundmayalso invest in real estate investment trustsand income trustswith characteristics similar to thoselisted above.





The sub-advisor responsible for the cashportionof theFundmay, in its discretion, invest someorall of the cashassets directly inmoneymarket instruments orothershort-termdebt securities.The Fundmay invest the cashportionof its assets in securities ofmoneymarket fundsthat aremanagedbyus, oroneofouraffiliates orassociates. Inmaking this investmentdecision, thesub-advisorconsiders anumberof factors, including theFund’s requirement foraCanadian- orU.S.-dollar-denominated short-term investmentand theyield orreturn to the Fund.





In themanagementof its portfolio, the Fundmayuserepurchaseand reverse repurchase transactions, andmayenter into securities lending agreements.Thesetransactionswill only bemadewithparties that areconsidered tobecreditworthyandwhere the transactionsshould earn theFundadditional returns. Foradescriptionof repurchaseand reverse repurchase transactions and

securities lending agreements, and the strategies used bythe Fund to reduce the risks associatedwith thesetransactions, please see thediscussionunder Repurchaseand reverse repurchase transactions and securitieslending riskonpage 11.


RisksPrimary

riskSecondary

risk




Currency risk „

Derivative risk „

Equity risk „





Series risk „




Investorswho:

mWantcapital growthover the long term






Series F4, F6, F8,T4,T6andT8are appropriate forinvestorswhowant to receive regulardistributions.


Trimark Canadian Plus Dividend Class (continued)

Distributionpolicy

SeriesA,Fand I


Tax-efficient flexible distributionseries (the “T-FLEXseries”): SeriesF4,F6,F8,T4,T6andT8



m Series F4andSeries T4: 4%

m Series F6andSeriesT6: 6%

m Series F8andSeries T8:8%




All other things being equal, a higher TargetDistributionRatewill result in a largeramount being distributed as a

returnofcapital. Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmayresult in the return toyouof the entire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyou is not immediately taxable inyourhands, butwill reduceyourACBof the related shares.However, if the distributions are reinvested in additionalshares of the Fund, theACBwill increaseby theamountreinvested.Where net reductions to theACBof yourshareswould result in theACBbecominganegativeamount, suchamountwill be treated as a capital gainrealizedby youand theACBof your related shareswillthenbenil. Any further net reductions toACBwillsimilarly be treated as capital gains realizedby yououtside a registeredplan.





SeriesA $26.24 $82.72 $144.99 $330.04

Series F $12.92 $40.71 $71.36 $162.44

Series F4 $3.90 $12.28 $21.52 $48.99

Series F6 $3.90 $12.28 $21.52 $48.99

Series F8 $4.00 $12.60 $22.09 $50.28

SeriesT4 $25.83 $81.43 $142.73 $324.89

SeriesT6 $23.68 $74.64 $130.83 $297.81

SeriesT8 $24.40 $76.91 $134.80 $306.84


Trimark Canadian Plus Dividend Class (continued)

Trimark Canadian Small Companies Fund

Funddetails

Fund type Canadian small-capequity


Startdate SeriesA:May 15, 1998Series F: February 11, 2000Series I: July 2, 2010







TrimarkCanadianSmall Companies Fund seeks toprovidestrongcapital growthover the long term.TheFund investsmainly in commonshares ofa diversified groupofCanadian companieswith smallmarket capitalizations.




Theportfoliomanagement team looks forcompanies,bothCanadianand foreign,which, at the timeofpurchase,are considered tobe small capitalization issuers in therelevantmarket:



m Thatarebelieved tobe attractively priced in relation totheir intrinsic value



Amajorityof theFund’s non-cashassetswill be investedin securities of Canadian issuers.Without changing itsfundamental investmentobjectives, the Fund is permittedto invest up to49%of its non-cashassets in foreignsecurities.Underextraordinarycircumstances, as a resultof fluctuations in thevalue of theCanadiandollar relativeto certain foreign currencies oras a result of fluctuationsin thepriceofcertainportfolio holdings, theFundmaytemporarily holdmore than49%of its non-cashassets inforeign securities, so that theFundmaynot be invested inaccordancewith its investmentobjectives. In suchcircumstances, the portfoliomanagement teamwill takesteps toadjust the portfolio investments of the fund inanorderlymanner.



The Fundmayalsousederivatives for non-hedgingpurposes inorder to invest indirectly in securities or


financialmarkets or togain exposure toothercurrencies.If used for non-hedgingpurposes, optionswill representnomore than 10%of thenet assets of the Fund.





RisksPrimary

riskSecondary

risk



Currency risk „

Derivative risk „

Equity risk „



Liquidity risk „


Series risk „

Smallercompany risk „



During thepast year, the Fund’s holdings ofcommonshares and cumulative preferred shares, series 1 ofFirstServiceCorp.exceeded 10%of the Fund’s net assetstoamaximumaggregate level of 11.69%.Holdings inexcess of 10%of thenet assets inone issuermaysubjectthe Fund to the risks described underConcentration riskonpage6.


Investorswho:



mWanta specialtyCanadianequity fund thatmayhavesubstantial foreignholdings



Distributionpolicy

Distributions, ifany, aremadeannually inDecember.Weautomatically reinvestdistributions in theFund if youholdyour units inside a registeredplan.Outside a registeredplan,weautomatically reinvestdistributions unlessyou


Trimark Canadian Small Companies Fund (continued)

requestdistributionsbychequeordirectdeposit toyourbankaccount.




SeriesA $26.65 $84.01 $147.26 $335.20

Series F $12.92 $40.71 $71.36 $162.44


Trimark Canadian Small Companies Fund (continued)

Trimark North American Endeavour Classof InvescoCorporateClass Inc.

Funddetails

Fund type NorthAmericanequity

Securities offered SeriesA, SeriesFandSeries I sharesofamutual fund corporation

Startdate SeriesA:October4, 1994Series F:August 16, 2004Series I: August 25, 2003(offeredasof February 15, 2002bywayofprivateplacement)







TrimarkNorthAmericanEndeavourClass seeks togenerate long-termcapital growthby investing primarilyinNorthAmericanequity securities.








Aspart ofa comprehensive assessmentofa company’sintrinsic value, the teamuses avarietyof valuation

methodsandwill typically reviewa company’s financialinformation, competitive positionand its futureprospects.The teammayalsomeetwith the company’smanagementand take intoaccountgeneral industryandeconomic trends.The teamwill thencompare the intrinsicvalue that it has placedon the companyagainst itscurrentmarket price, andwill consider investingwherethemarket price is sufficiently lower than thevalue thatthe teamhasdetermined.





Anyuseofderivativeswill be consistentwith theinvestmentobjectives of theFundand will complywiththe requirements of Canadian securities regulation, asalteredby the exemptiongranted topermit the Fund touseas cover (i) bonds, debentures, notes orotherevidences of indebtedness that are liquid, floating ratedebt instruments and securities of the InvescoCanadacashmanagement funds; and (ii)when theFundholds alongposition in a standardized futureor forwardor isentitled to receive payments undera swap, a right orobligation to sell anequivalentquantityof theunderlyinginterest of the standardized future, forwardor swap.





RisksPrimary

riskSecondary

risk



Currency risk „

Derivative risk „

Equity risk „





Series risk „



During the past year, theFund’s holdings ofcommonsharesofBioExxSpecialty Proteins Ltd. exceeded 10%oftheFund’s net assets to amaximum level of 14.15%.Holdings in excessof 10%of thenet assets inone issuer

maysubject theFund to the risks describedunderConcentration riskonpage6.


Investorswho:

mWant the growthpotential ofcompanies based inNorthAmerica


mAre comfortablewithhigh risk



Distributionpolicy





SeriesA $30.14 $95.00 $166.51 $379.03

Series F $14.04 $44.27 $77.59 $176.63


Trimark North American Endeavour Class (continued)

Trimark U.S. Companies Fund

Funddetails

Fund type U.S.equity

Securities offered SeriesA, SeriesD, Series F, SeriesHandSeries I units ofamutual fund trust

Startdate SeriesA:October22, 1999SeriesD:August 25, 2003Series F: February 11, 2000Series I: August 16, 2000(offeredasofOctober22, 1999bywayofprivateplacement)SeriesDunits of thisFundare currentlyclosed tonewinvestors; however, existing investorsmaycontinue tobuySeriesDunits of this Fundinanaccount thatalreadyholdsSeriesDunits of this Fund.SeriesH:October 13, 2009



SeriesA: 2.00%SeriesD: 1.60%Series F: 1.00%Series I: negotiatedandpaid byeachSeries I investorSeriesH: 2.00%




TrimarkU.S.Companies Fund seeks toprovide strongcapital growthover the long term.TheFundinvests primarily in equities ofAmericancompanies.





m That exhibit strong cash flows

m That invest significantly toobtain and/ormaintain acompetitive advantage

m That have strongmanagementandare considered tobe leaders in their respective industries

m That are believed tobeattractively priced in relation totheir intrinsic value




The Fundwill use derivatives, suchas options, forwardsand futures, for thepurposesdescribedbelow. ForSeriesHunits of theFund, the currencyhedgingsub-advisorwill strive to fully hedge the foreign currencyexposureofeachcurrencyheldwithin theFund.However,thiswill likelybe impossible todoatall timesgiven, amongother things, the difficultyof hedging certain currenciesand the excessive costs of hedgingnon-standardamounts foreachcurrency.Therefore, the level ofhedgingmaynotalways fully coverormatch the foreigncurrencyexposure.Accordingly, SeriesHunits of theFundwill generally have a return that is basedon the


performanceof the Fund’s portfolio investmentsexcluding foreign currencyexposure.

Forall other series of the Fund, the Fundmayormaynothedge someorall of their foreign currencyexposure andthe returnon these series of units of theFundwillgenerally be basedonboth theperformanceof the Funds’portfolio investments and the performanceof the foreigncurrency inwhich these investmentswerepurchasedrelative to theCanadiandollar. Pleasevisit ourwebsite atwww.invesco.ca for summary informationon theFund’scurrencyhedgingpositionsother than for SeriesH, ifany.

TheFundmayalsousederivatives tohedgeagainst otherpotential losses.

TheFundmayusederivatives for non-hedgingpurposesinorder to invest indirectly in securities or financialmarkets or togain exposure toothercurrencies (exceptfor SeriesHunits of theFund). If used for non-hedgingpurposes, optionswill represent nomore than 10%of thenet assets of the Fund.



In themanagementof its portfolio, the Fundmayuserepurchaseand reverse repurchase transactions, andmayenter into securities lending agreements.Thesetransactionswill only bemadewithparties that areconsidered tobecreditworthyandwhere the transactionsshould earn theFundadditional returns. Foradescriptionof repurchaseand reverse repurchase transactions andsecurities lending agreements, and the strategies usedby

the Fund to reduce the risks associatedwith thesetransactions, please see thediscussionunder Repurchaseand reverse repurchase transactions and securitieslending riskonpage 11.


RisksPrimary

riskSecondary

risk



Currency risk „

Derivative risk „

Equity risk „




Series risk „


BecauseSeriesHalways usesderivative instruments tohedge against foreign currencyexposure, SeriesHunitsof theFundwill generally havegreater riskassociatedwith theuseofderivatives than theunits of the otherseries of theFund.Currency risk, as describedonpage7,will be reduced substantially for SeriesHunits of the Fundbecause their portionof the Fund’s foreign currencyexposurewill behedged.Thiswill not be the case for theother series of the Fundwhichhavemorediscretiononwhether tohedge against foreign currencyexposure.However, therewill be circumstances, from time to time,where the level of hedging in respectofassetsattributable toSeriesHdoesnot fullycover the foreigncurrencyexposureof theSeriesHunits of theFund.



Investorswho:



mWantaU.S.equity investment



Trimark U.S. Companies Fund (continued)

Investorswhowish to gainexposure to foreignequitysecurities butwish tominimize exposure to fluctuationsin foreign currency relative to theCanadiandollar shouldinvest inSeriesHunits of this Fund.


Distributionpolicy

Distributions, ifany, aremadeannually inDecember.Weautomatically reinvestdistributions in theFund if youholdyourunits inside a registeredplan.Outside a registeredplan,weautomatically reinvestdistributions unlessyourequestdistributionsbychequeordirectdeposit toyourbankaccount. Distributions inU.S. dollars are paidbycheque.




SeriesA $29.73 $93.71 $164.25 $373.88

SeriesD $21.10 $66.52 $116.60 $265.41

Series F $13.61 $42.92 $75.23 $171.24

SeriesH $29.62 $93.37 $163.66 $372.53


Trimark U.S. Companies Fund (continued)

Trimark U.S. Companies Classof InvescoCorporateClass Inc.

Funddetails


Securities offered SeriesA, SeriesF, Series FH,SeriesH,SeriesP, SeriesPFandSeriesPHsharesofamutual fund corporation

Startdate SeriesA:May25, 2001Series F:May25, 2001Series FH: July29, 2011SeriesH:October 13, 2009SeriesP: July29, 2011SeriesPF: July29, 2011SeriesPH:July29, 2011



SeriesA: 2.00%Series F: 1.00%Series FH: 1.00%SeriesH: 2.00%SeriesP: 1.85%SeriesPF:0.85%SeriesPH: 1.85%




TrimarkU.S.CompaniesClass seeks to provide strongcapital growthover the long term.TheFund investsprimarily in equities ofAmericancompanies.





m Thatexhibit strong cash flows

m That invest significantly toobtain acompetitive advantage

m That have strongmanagementandare considered tobe leaders in their respective industries





The Fundwill use derivatives, suchas options, forwardsand futures, for thepurposesdescribedbelow. ForSeries FH, SeriesHandSeriesPHshares of theFund, thecurrencyhedging sub-advisorwill strive to fully hedge theforeign currencyexposure ofeach currencyheldwithinthe Fund.However, thiswill likely be impossible todoat alltimesgiven, among other things, the difficultyof hedgingcertain currencies and theexcessive costs of hedgingnon-standard amounts foreach currency.Therefore, thelevel of hedgingmaynotalways fully coverormatch theforeign currencyexposure.Accordingly, Series FH,SeriesHandSeriesPHsharesof theFundwill generallyhavea return that is basedon theperformanceof theFund’s portfolio investments excluding foreigncurrencyexposure.


Forall other series of the Fund, the Fundmayormaynothedge someorall of their foreign currencyexposure andthe returnon these series of sharesof theFundwillgenerally be basedonboth theperformanceof the Funds’portfolio investments and the performanceof the foreigncurrency inwhich these investmentswerepurchasedrelative to theCanadiandollar. Pleasevisit ourwebsite atwww.invesco.ca for summary informationon theFund’scurrencyhedgingpositionsother than for Series FH,SeriesHandSeries PH shares, ifany.


TheFundmayusederivatives for non-hedgingpurposesinorder to invest indirectly in securities or financialmarkets or togain exposure toothercurrencies (exceptfor Series FH, SeriesHandSeriesPHsharesof theFund).If used for non-hedgingpurposes, optionswill representnomore than 10%of thenet assets of the Fund.



In themanagementof its portfolio, the Fundmayuserepurchaseand reverse repurchase transactions, andmayenter into securities lending agreements.Thesetransactionswill only bemadewithparties that areconsidered tobecreditworthyandwhere the transactionsshould earn theFundadditional returns. Foradescriptionof repurchaseand reverse repurchase transactions andsecurities lending agreements, and the strategies usedbytheFund to reduce the risks associatedwith thesetransactions, please see the discussionunderRepurchase

and reverse repurchase transactions and securitieslending riskonpage 11.


RisksPrimary

riskSecondary

risk



Currency risk „

Derivative risk „

Equity risk „





Series risk „


BecauseSeries FH, SeriesHandSeries PH shares alwaysuses derivative instruments tohedgeagainst foreigncurrencyexposure, Series FH, SeriesHandSeriesPHshares of the Fundwill generally havegreater riskassociatedwith theuseofderivatives than the sharesofthe other series of the Fund.Currency risk, as describedonpage7,will be reduced substantially for Series FH,SeriesHandSeriesPHsharesof theFundbecause theirportionof the Fund’s foreign currencyexposurewill behedged.Thiswill not be the case for theother series of theFundwhichhavemorediscretiononwhether tohedgeagainst foreign currencyexposure.However, therewill becircumstances, fromtime to time,where the level ofhedging in respectofassets attributable toSeries FH,SeriesHandSeriesPHsharesdoesnot fullycover theforeign currencyexposure of theSeries FH, SeriesHandSeriesPHsharesof theFund.



Investorswho:



mWantaU.S.equity investment


Trimark U.S. Companies Class (continued)

m Are comfortablewithaverage risk


Investorswhowish to gainexposure to foreignequitysecurities butwish tominimize exposure to fluctuationsin foreign currency relative to theCanadiandollar shouldinvest inSeries FH, SeriesHandSeriesPHsharesofthis Fund.


Distributionpolicy

Ordinarydividends, ifany, are paid inMarchand capitalgains dividends, ifany, are paid inMay.Weautomaticallyreinvestdividends in theFund if youhold your sharesinside a registeredplan.Outside a registeredplan,weautomatically reinvestdividends unlessyou requestdividendsbychequeordirectdeposit toyourbankaccount. Dividends inU.S. dollars arepaid bycheque.




SeriesA $30.03 $94.68 $165.95 $377.75

Series F $14.97 $47.18 $82.69 $188.23

SeriesH $27.16 $85.63 $150.09 $341.65

Wehavenot shownanexample forSeriesP, SeriesPF,SeriesPHandSeries FHsharesof theFundbecause theseseries arenew.


Trimark U.S. Companies Class (continued)

Trimark U.S. Small Companies Classof InvescoCorporateClass Inc.

Funddetails

Fund type U.S. small-capequity

Securities offered SeriesA, SeriesD, Series FandSeries Isharesofamutual fund corporation

Startdate SeriesA:August 29, 2002SeriesD:August 25, 2003Series F:August 29, 2002Series I: August 29, 2002SeriesDsharesof this Fundare currentlyclosed tonew investors; however, existinginvestorsmaycontinue tobuySeriesDsharesof this Fund inanaccount thatalreadyholdsSeriesDsharesof this Fund.



SeriesA: 2.00%SeriesD: 1.60%Series F: 1.00%Series I: negotiatedandpaid byeachSeries I investor




TrimarkU.S. Small CompaniesClass seeks toprovidestrongcapital growthover the long term.TheFund investsmainly in commonshares ofa diversified groupofU.S.companieswith smallmarket capitalizations.




Theportfoliomanagement team looks forcompanieswhich, at the timeof purchase, are considered tobe small

capitalization issuers in the relevantmarket andthat exhibit:

m Soundgrowthpotential and financial strength

m Strongmanagementand leadership in their field

mAttractivevaluations in relation to their intrinsic value








use as cover (i) bonds, debentures, notesorotherevidencesof indebtedness that are liquid, floating ratedebt instruments and securities of the InvescoCanadacashmanagement funds; and (ii)when theFundholds alongposition in a standardized future or forwardor isentitled to receivepayments undera swap, a rightorobligation to sell anequivalentquantityof the underlyinginterest of the standardized future, forwardor swap.




RisksPrimary

riskSecondary

risk



Currency risk „

Derivative risk „

Equity risk „




Liquidity risk „


Series risk „




During thepast year, the Fund’s holdings ofcommonshares of International RectifierCorp.exceeded 10%ofthe Fund’s net assets toamaximum level of 14.09%.Holdings in excess of 10%of thenet assets inone issuermaysubject theFund to the risks describedunderConcentration riskonpage6.


Investorswho:



mWanta specialtyU.S.equity investment

mAre comfortablewithaboveaverage risk




Trimark U.S. Small Companies Class (continued)

Distributionpolicy





SeriesA $29.93 $94.35 $165.38 $376.46

SeriesD $21.42 $67.53 $118.37 $269.45

Series F $13.02 $41.04 $71.93 $163.73


Trimark U.S. Small Companies Class (continued)

Trimark Europlus Fund

Funddetails

Fund type Europeanequity


Startdate SeriesA:November3, 1997Series F: February 11, 2000Series I: August 16, 2000(offeredasofOctober 18, 1999bywayofprivateplacement)







TrimarkEuroplus Fund seeks toproduce strong capitalgrowthover the long term; it investsmainly in equitiesfocusingoncompanies located inEurope, includingEasternEuropeancountries and theCommonwealthofIndependent States (countries of the formerSovietUnion).TheFundmay, fromtime to time, invest incompanies located inothercountries, generally in theMediterranean region.





mWhoare leaders in their respectivemarketswithsustainable competitive advantages

m Thatare expected togrowover the long term








Anyuseofderivativeswill be consistentwith theinvestmentobjectives of theFundand will complywiththe requirements of Canadian securities regulation, asalteredby the exemptiongranted topermit the Fund touseas cover (i) bonds, debentures, notes orotherevidences of indebtedness that are liquid, floating ratedebt instruments and securities of the InvescoCanada


cashmanagement funds; and (ii)when theFundholds alongposition in a standardized future or forwardor isentitled to receivepayments undera swap, a rightorobligation to sell anequivalentquantityof the underlyinginterest of the standardized future, forwardor swap.




RisksPrimary

riskSecondary

risk



Currency risk „

Derivative risk „

Equity risk „




Series risk „




Investorswho:



mWantaEuropeanequity investment



Distributionpolicy

Distributions, ifany, aremadeannually inDecember.Weautomatically reinvestdistributions in theFund if youholdyour units inside a registeredplan.Outside a registeredplan,weautomatically reinvestdistributions unlessyourequestdistributions bychequeordirectdeposit toyourbankaccount. Distributions inU.S. dollars arepaidbycheque.




SeriesA $28.60 $90.15 $158.02 $359.70

Series F $12.30 $38.78 $67.98 $154.74


Trimark Europlus Fund (continued)

Trimark Fund

Funddetails

Fund type Global equity

Securities offered SeriesA, SeriesF, SeriesH,Series I,SeriesSC,SeriesT4,SeriesT6andSeriesT8units ofamutual fund trust

Startdate SeriesA:October22, 1999(previouslydesignatedSeriesDSC;redesignatedSeriesAeffectiveAugust 25, 2003)Series F: February 11, 2000Series I: August 16, 2000(offeredasofOctober22, 1999bywayofprivateplacement)SeriesSC:September 1, 1981SeriesT4:August 20, 2007SeriesT6:August 20, 2007SeriesT8:August 20, 2007SeriesH: October 13, 2009



SeriesA: 2.00%Series F: 1.00%Series I: negotiatedandpaid byeachSeries I investorSeriesSC: 1.75%onfirst $200millionofnetassets; 1.50%onnetassets inexcessof $200millionSeriesT4: 2.00%SeriesT6: 2.00%SeriesT8: 2.00%SeriesH: 2.00%




TrimarkFund seeks toachieve strong capital growthwithahighdegreeof reliabilityover the long term.TheFundinvests primarily in equities ofcompanies anywhere intheworld.



Toachieve these objectives, theportfoliomanagementteamapplies a rigorous bottom-up fundamentalinvestment approach toanalyze thequalityand valueofindividual companies todeterminewhetherornot toinvest in them.There is noattempt tomirror thecompositionof theFund’s benchmark index.



m That recognize andexploit opportunities forbusiness expansion

mWhosemanagement has shownstrongentrepreneurial skills





The sub-advisor responsible for the cashportionof theFundmay, in its discretion, invest someorall of the cashassets directly inmoneymarket instruments orothershort-termdebt securities.TheFundmay invest the cashportionof its assets in securities ofmoneymarket fundsthat aremanagedbyus oroneofouraffiliates orassociates. Inmaking this investmentdecision, thesub-advisorconsiders a numberof factors, including theFund’s requirement foraCanadian- orU.S.-dollar-


denominated short-term investmentand theyield orreturn to the Fund.

TheFundwill usederivatives, suchasoptions, forwardsand futures, for the purposes describedbelow. ForSeriesHunits of the Fund, the currencyhedgingsub-advisorwill strive to fully hedge the foreign currencyexposure ofeachcurrencyheldwithin theFund.However,thiswill likely be impossible todoatall timesgiven, amongother things, thedifficultyof hedging certain currenciesand theexcessive costs of hedgingnon-standardamounts foreachcurrency.Therefore, the level ofhedgingmaynot always fullycoverormatch the foreigncurrencyexposure.Accordingly, SeriesHunits of theFundwill generally havea return that is based on theperformanceof the Fund’s portfolio investmentsexcluding foreign currencyexposure.







mHigher trading costs,whichare anexpenseof the Fundandare paid outof Fundassetswhichmay reduceyour returns




RisksPrimary

riskSecondary

risk




Currency risk „

Derivative risk „

Equity risk „




Series risk „

BecauseSeriesHalways usesderivative instruments tohedge against foreign currencyexposure, SeriesHunitsof theFundwill generally havegreater riskassociatedwith theuseofderivatives than theunits of the otherseries of theFund.Currency risk, as describedonpage7,


Trimark Fund (continued)

will be reduced substantially forSeriesHunits of theFundbecause their portionof theFund’s foreign currencyexposurewill be hedged.Thiswill not be the case for theother series of theFundwhichhavemorediscretiononwhether tohedgeagainst foreign currencyexposure.However, therewill be circumstances, fromtime to time,where the level of hedging in respectofassetsattributable toSeriesHdoes not fully cover the foreigncurrencyexposureof theSeriesHunits of the Fund.


During the past year, theFund’s holdings ofcommonsharesofNestlé S.A.exceeded 10%of the Fund’s netassets toamaximum level of 10.82%.Holdings in excessof 10%of thenet assets inone issuermaysubject theFund to the risks describedunderConcentration riskonpage6.

Asat July5, 2011, two investors held, respectively, 11.33%and 16.19%of theunits of theFund. Please seeLargetransaction riskonpage 10 fordetails of the risksassociatedwitha possible redemptionof these units.


Investorswho:



mWanta diversified global equity investment




Distributionpolicy

SeriesA,F, I, SCandH





m Series T4: 4%

m Series T6: 6%

m Series T8:8%


Monthlydistributions of thePlannedAnnualAmountmaycomprisenet incomeand/oramounts treated as returnsofcapital.The compositionof themonthlydistributions asbetweennet incomeandamounts treated as returns ofcapitalmayvary frommonth tomonth.Additionaldistributions of income, ifany, anddistributions ofrealized capital gains, ifany,will bemadeannuallyinDecember.

Weautomatically reinvestdistributions in theFund if youhold your units inside a registeredplan.Outside aregisteredplan, (i) anymonthlydistributionswill bemadetoyoubychequeordirectdeposit toyourbankaccountunlessyou request that suchdistributions be reinvestedin theFund, and (ii)we automatically reinvest theannualdistributions, ifany, unlessyou request that suchdistributions bepaid bychequeordirectdeposit toyourbankaccount.

All other things being equal, a higher TargetDistributionRatewill result in a largeramount beingdistributed as areturnofcapital. Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmayresult in the return toyouof the entire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyou is not immediately taxable inyourhands, butwill reduceyourACBof the relatedunits.However, if the distributions are reinvested in additionalunits of theFund, theACBwill increaseby the amountreinvested.Where net reductions to theACBof yourunitswould result in theACBbecominganegative amount,suchamountwill be treated as a capital gain realizedbyyouand theACBof your relatedunitswill thenbenil. Any



further net reductions toACBwill similarly be treated ascapital gains realizedbyyououtside a registeredplan.





SeriesA $27.87 $87.85 $153.97 $350.49

Series F $12.49 $39.37 $69.01 $157.08

SeriesH $25.52 $80.44 $141.00 $320.95

SeriesSC $17.02 $53.64 $94.02 $214.01

SeriesT4 $23.04 $72.62 $127.29 $289.75

SeriesT6 $23.17 $73.03 $128.00 $291.37

SeriesT8 $23.06 $72.70 $127.43 $290.08



Trimark Global Dividend Classof InvescoCorporateClass Inc.

Funddetails


Securities offered SeriesA, SeriesF, Series F4, Series F6,Series F8, Series I, SeriesT4,SeriesT6andSeriesT8sharesofamutualfund corporation

Startdate SeriesA:April 16, 2007Series F:April 16, 2007Series F4:April 16, 2007Series F6:April 16, 2007Series F8:April 16, 2007Series I: April 16, 2007SeriesT4:April 16, 2007SeriesT6:April 16, 2007SeriesT8:April 16, 2007



SeriesA: 2.00%Series F: 1.00%Series F4: 1.00%Series F6: 1.00%Series F8: 1.00%Series I: negotiatedandpaid byeachSeries I investorSeriesT4: 2.00%SeriesT6: 2.00%SeriesT8: 2.00%

Sub-advisor InvescoAdvisers Inc.,Atlanta,Georgia, forcashportionoftheFundInvescoAssetManagementLimited,London, England, forcurrencyhedging



TrimarkGlobalDividendClass seeks togenerate a totalreturnover the long termby investing primarily individend-paying equity securities ofcompanies locatedanywhere in theworld.



Toachieve theseobjectives, the portfoliomanagementteamapplies a rigorous bottom-up fundamentalinvestmentapproach toanalyze thequalityand value of

individual companies todeterminewhetherornot toinvest in them.There is noattempt tomirror thecompositionof theFund’s benchmark index.

Theportfoliomanagement team looks forcompanies that:

m Possess competitive advantages that provideopportunities for long-termgrowth

mHave thepotential to generate strong cash flow

mHave strongmanagement

mArebelieved tobeundervalued relative to their intrinsicvalue

mHave theability toprovide stable dividendpayments. Dividendsmay includeordinarydividends,stockdividends or share repurchases




The Fundmayusederivatives, suchas options, forwardsand futures, for thepurposesdescribedbelow.Thesub-advisor responsible forcurrencyhedgingwill hedgeaportionof the Fund’s foreign currencyexposure. It is ourintent that 50%of the foreign currencyexposure from


securities denominated in theU.S. Dollar, JapaneseYen,Euro, BritishPoundSterling or Swiss Francwill behedgedatall times.However,maintaining this exact hedgemaynot bepossible at all timesgiven, amongother things, theexcessive costs of hedgingnon-standard amounts foreachcurrency.TheFundmayormaynot hedge someorall of its remaining foreign currencyexposure.Thesub-advisor responsible forcurrencyhedgingwill causetheFund toenter into currency forward contracts for thepurposeof hedgingor “locking in” theCanadian-dollarprice of theFund’s investmentswhicharedenominated inforeign currencies, in order to reduce the foreigncurrencyexposure.The sub-advisor responsible forcurrencyhedgingwill not try to forecastor speculate onexchange rate fluctuations.





In themanagementof its portfolio, the Fundmayuserepurchaseand reverse repurchase transactions, andmayenter into securities lending agreements.Thesetransactionswill only bemadewithparties that areconsidered tobecreditworthyandwhere the transactionsshould earn theFundadditional returns. Foradescription

of repurchase and reverse repurchase transactions andsecurities lending agreements, and the strategies used bythe Fund to reduce the risks associatedwith thesetransactions, please see thediscussionunder Repurchaseand reverse repurchase transactions and securitieslending riskonpage 11.


RisksPrimary

riskSecondary

risk




Currency risk „

Derivative risk „

Equity risk „





Series risk „



Investorswho:






Series F4, F6, F8,T4,T6andT8are appropriate forinvestorswhowant to receive regulardistributions.


Trimark Global Dividend Class (continued)

Distributionpolicy

SeriesA,Fand I


Tax-efficient flexible distributionseries (the “T-FLEXseries”): SeriesF4,F6,F8,T4,T6andT8



m Series F4andSeries T4: 4%

m Series F6andSeriesT6: 6%

m Series F8andSeries T8:8%










SeriesA $26.34 $83.04 $145.56 $331.33

Series F $13.02 $41.04 $71.93 $163.73

Series F4 $13.33 $42.01 $73.63 $167.60

Series F6 $14.66 $46.21 $80.99 $184.36

Series F8 $4.10 $12.93 $22.66 $51.57

SeriesT4 $25.63 $80.78 $141.59 $322.31

SeriesT6 $24.70 $77.87 $136.50 $310.71

SeriesT8 $25.11 $79.17 $138.76 $315.86


Trimark Global Dividend Class (continued)

Trimark Global Endeavour Fund

Funddetails

Fund type Globalmid-capequity

Securities offered SeriesA, SeriesD, Series F, SeriesHandSeries I units ofamutual fund trust

Startdate SeriesA: June8, 1993SeriesD:August 25, 2003Series F: February 11, 2000Series I: August 16, 2000(offeredasofOctober 18, 1999bywayofprivateplacement)SeriesDunits of thisFundare currentlyclosed tonewinvestors; however, existing investorsmaycontinue tobuySeriesDunits of this Fundinanaccount thatalreadyholdsSeriesDunits of this Fund.SeriesH: October 13, 2009



SeriesA: 2.00%SeriesD: 1.60%Series F: 1.00%Series I: negotiatedandpaid byeachSeries I investorSeriesH: 2.00%




TrimarkGlobal Endeavour Fund seeks togenerate long-termcapital growthby investing primarily inmid-capequity securities fromanywhere in theworld.






m That have strongmanagementand financial strength





The Fundwill use derivatives, suchas options, forwardsand futures, for thepurposesdescribedbelow. ForSeriesHunits of theFund, the currencyhedgingsub-advisorwill strive to fully hedge the foreign currencyexposureofeachcurrencyheldwithin theFund.However,thiswill likelybe impossible todoatall timesgiven, amongother things, the difficultyof hedging certain currenciesand the excessive costs of hedgingnon-standardamounts foreachcurrency.Therefore, the level ofhedgingmaynotalways fully coverormatch the foreigncurrencyexposure.Accordingly, SeriesHunits of theFundwill generally have a return that is basedon theperformanceof theFund’s portfolio investmentsexcluding foreign currencyexposure.










RisksPrimary

riskSecondary

risk



Currency risk „

Derivative risk „

Equity risk „



Liquidity risk „


Series risk „


BecauseSeriesHalways usesderivative instruments tohedge against foreign currencyexposure, SeriesHunitsof theFundwill generally havegreater riskassociatedwith theuseofderivatives than theunits of the otherseries of theFund.Currency risk, as describedonpage7,will be reduced substantially for SeriesHunits of the Fundbecause their portionof the Fund’s foreign currencyexposurewill behedged.Thiswill not be the case for theother series of the Fundwhichhavemorediscretiononwhether tohedge against foreign currencyexposure.However, therewill be circumstances, from time to time,where the level of hedging in respectofassetsattributable toSeriesHdoesnot fullycover the foreigncurrencyexposureof theSeriesHunits of theFund.



Investorswho:



mWantamid-capglobal equity investment



Trimark Global Endeavour Fund (continued)



Distributionpolicy





SeriesA $26.76 $84.36 $147.87 $336.59

SeriesD $21.05 $66.37 $116.32 $264.79

Series F $12.84 $40.49 $70.97 $161.55

SeriesH $25.11 $79.17 $138.76 $315.86


Trimark Global Endeavour Fund (continued)

Trimark Global Endeavour Classof InvescoCorporateClass Inc.

Funddetails

Fund type Globalmid-capequity

Securities offered SeriesA, SeriesF, SeriesH,SeriesPandSeriesPFsharesofamutualfund corporation

Startdate SeriesA:August 29, 2002Series F:August 29, 2002SeriesH:October 13, 2009SeriesP: July29, 2011SeriesPF: July29, 2011



SeriesA: 2.00%Series F: 1.00%SeriesH: 2.00%SeriesP: 1.85%SeriesPF:0.85%

Sub-advisors InvescoAdvisers, Inc.,Atlanta,Georgia, forcashportionoftheFundInvescoAssetManagementLimited,London, England, forcurrencyhedgingofSeriesHsharesof theFund



TrimarkGlobal EndeavourClass seeks togenerate long-termcapital growthby investing primarily inmid-capequity securities fromanywhere in theworld.






m That have strongmanagementand financial strength





The Fundwill use derivatives, suchas options, forwardsand futures, for thepurposesdescribedbelow. ForSeriesH shares of the Fund, the currencyhedgingsub-advisorwill strive to fully hedge the foreign currencyexposureofeachcurrencyheldwithin theFund.However,thiswill likelybe impossible todoatall timesgiven, amongother things, the difficultyof hedging certain currenciesand the excessive costs of hedgingnon-standardamounts foreachcurrency.Therefore, the level ofhedgingmaynotalways fully coverormatch the foreigncurrencyexposure.Accordingly, SeriesH sharesof theFundwill generally have a return that is basedon theperformanceof theFund’s portfolio investmentsexcluding foreign currencyexposure.

Forall other series of theFund, theFundmayormaynothedge someorall of their foreign currencyexposure andthe returnon these series of shares of the Fundwillgenerally bebasedonboth theperformanceof theFunds’portfolio investments and theperformanceof the foreign


currency inwhich these investmentswerepurchasedrelative to theCanadiandollar. Pleasevisit ourwebsite atwww.invesco.ca for summary informationon theFund’scurrencyhedgingpositionsother than for SeriesH, ifany.


TheFundmayusederivatives for non-hedgingpurposesinorder to invest indirectly in securities or financialmarkets or togain exposure toothercurrencies (exceptfor SeriesH shares of the Fund). If used for non-hedgingpurposes, optionswill represent nomore than 10%of thenet assets of the Fund.





RisksPrimary

riskSecondary

risk



Currency risk „

Derivative risk „

Equity risk „




Liquidity risk „


Series risk „


BecauseSeriesHalways usesderivative instruments tohedgeagainst foreign currencyexposure, SeriesH sharesof theFundwill generally havegreater riskassociatedwith theuseofderivatives than the sharesof theotherseries of theFund.Currency risk, as describedonpage7,will be reduced substantially for SeriesH shares of theFundbecause their portionof theFund’s foreign currencyexposurewill behedged.Thiswill not be the case for theother series of the Fundwhichhavemorediscretiononwhether tohedge against foreign currencyexposure.However, therewill be circumstances, from time to time,where the level of hedging in respectofassetsattributable toSeriesHdoesnot fullycover the foreigncurrencyexposureof theSeriesH shares of the Fund.



Investorswho:



mWantamid-capglobal equity investment




Trimark Global Endeavour Class (continued)

Investorswhowish to gainexposure to foreignequitysecurities butwish tominimize exposure to fluctuationsin foreign currency relative to theCanadiandollar shouldinvest inSeriesH shares of this Fund.


Distributionpolicy





SeriesA $26.45 $83.37 $146.13 $332.62

Series F $12.92 $40.71 $71.36 $162.44

SeriesH $24.60 $77.55 $135.93 $309.42

Wehavenot shownanexample forSeriesPandSeries PFsharesof theFundbecause these series are new.


Trimark Global Endeavour Class (continued)

Trimark Global Fundamental Equity Fund(formerlyTrimarkSelectGrowthFund)

Funddetails


Securities offered SeriesA, SeriesF, SeriesH,Series I,SeriesT4,SeriesT6andSeriesT8unitsofamutual fund trust

Startdate SeriesA:May 1, 1989Series F: February 11, 2000Series I: August 16, 2000(offeredasofOctober 18, 1999bywayofprivateplacement)SeriesT4:August 20, 2007SeriesT6:August 20, 2007SeriesT8:August 20, 2007SeriesH: October 13, 2009



SeriesA: 2.00%Series F: 1.00%Series I: negotiatedandpaid byeachSeries I investorSeriesT4: 2.00%SeriesT6: 2.00%SeriesT8: 2.00%SeriesH: 2.00%

Sub-advisors InvescoAdvisers, Inc.,Atlanta,Georgia, forcashportionoftheFundInvescoAssetManagementLimited,London, England, forcurrencyhedging



TrimarkGlobal Fundamental Equity Fund seeks toachievestrong capital growthwitha highdegreeof reliabilityoverthe long term.TheFund invests primarily in equities ofcompanies anywhere in theworld.





m That possess competitive advantages that provideopportunities for long-termgrowth

m That have strongmanagement that has shownstrongentrepreneurial skills

m That are highquality,wellmanagedbusinesses that arebelieved tobe attractively priced in relation to theirintrinsic value

TheFund’s geographic exposurewill be allocated in amanner similar to thebroadmarket capitalizationsof thefollowing threeprimaryeconomic regions:NorthAmerica, Europe/MiddleEast/Africa andAsiaPacific/LatinAmerica.Thismeans, forexample, that ifAsia Pacific/LatinAmerica becomes a larger part of theworld’s economy, a greater proportionof theFund’sassetswill be invested in companies fromsuchmarkets.However, theprimary focusof theportfoliomanagementteam is on identifying individual companies thatmeet itsinvestment criteriawithin this broadgeographicallocation.TheFundwill typically hold60 to85stocks.






Forall other series of the Fund, the sub-advisorresponsible forcurrencyhedgingwill hedgeaportionoftheFund’s foreign currencyexposure. It is our intent that50%of the foreign currencyexposure fromsecuritiesdenominated in theU.S. Dollar, JapaneseYen, Euro,BritishPoundSterling orSwiss Francwill be hedgedatalltimes.However,maintaining this exact hedgemaynot bepossible todoat all times given, amongother things, theexcessive costs of hedgingnon-standard amounts foreachcurrency.TheFundmayormaynot hedge someorall of its remaining foreign currencyexposure.Thesub-advisor responsible forcurrencyhedgingwill causetheFund toenter into currency forward contracts for thepurposeof hedgingor “locking in” theCanadian-dollarprice of theFund’s investmentswhicharedenominated inforeign currencies, in order to reduce the foreigncurrencyexposure.The sub-advisor responsible forcurrencyhedgingwill not try to forecastor speculate onexchange rate fluctuations.



Anyuseofderivativeswill be consistentwith theinvestmentobjectives of the Fundandwill complywiththe requirements ofCanadian securities regulation, asalteredby theexemptiongranted topermit theFund touse as cover (i) bonds, debentures, notesorotherevidencesof indebtedness that are liquid, floating ratedebt instruments and securities of the InvescoCanadacashmanagement funds; and (ii)when theFundholds alongposition in a standardized future or forwardor isentitled to receivepayments undera swap, a rightor

obligation to sell anequivalentquantityof theunderlyinginterest of the standardized future, forwardor swap.



mHigher trading costs,whichare anexpenseof the Fundandare paid outof Fundassets,whichmay reduceyour returns




Trimark Global Fundamental Equity Fund (continued)


RisksPrimary

riskSecondary

risk




Currency risk „

Derivative risk „

Equity risk „




Series risk „

BecauseSeriesHalwaysuses derivative instruments tohedgeagainst foreign currencyexposure, SeriesHunitsof theFundwill generally havegreater riskassociatedwith theuseofderivatives than theunits of theotherseries of the Fund.Currency risk, as describedonpage7,will be reduced substantially forSeriesHunits of theFundbecause their portionof theFund’s foreign currencyexposurewill be hedged.Thiswill not be the case for theother series of theFundwhichhavemorediscretiononwhether tohedgeagainst foreign currencyexposure.However, therewill be circumstances, fromtime to time,where the level of hedging in respectofassetsattributable toSeriesHdoes not fully cover the foreigncurrencyexposureof theSeriesHunits of the Fund.


During the past year, theFund’s holdings ofcommonsharesofNestlé S.A.exceeded 10%of the Fund’s netassets toamaximum level of 11.08%.Holdings in excessof 10%of thenet assets inone issuermaysubject theFund to the risks describedunderConcentration riskonpage6.

Asat July5, 2011, an investor held 37.13%of theunits oftheFund. Please seeLarge transaction riskonpage 10 fordetails of the risks associatedwitha possible redemptionof theseunits.


Investorswho:



mWantadiversified global equity investment


Investorswhowish togainexposure to foreign equitysecurities butwish tominimize exposure to fluctuationsin foreign currency relative to theCanadiandollar shouldinvest inSeriesHunits of this Fund.



Distributionpolicy

SeriesA,F, I andH





m Series T4: 4%

m Series T6: 6%

m Series T8:8%


Monthlydistributions of thePlannedAnnualAmountmaycomprisenet incomeand/oramounts treated as returnsofcapital.The compositionof themonthlydistributions asbetweennet incomeandamounts treated as returns ofcapitalmayvary frommonth tomonth.Additionaldistributions of income, ifany, anddistributions of



realized capital gains, ifany,will bemadeannuallyinDecember.







SeriesA $26.96 $84.98 $148.96 $339.07

Series F $12.80 $40.36 $70.74 $161.03

SeriesH $27.05 $85.29 $149.49 $340.28

SeriesT4 $22.63 $71.35 $125.06 $284.67

SeriesT6 $22.68 $71.51 $125.34 $285.32

SeriesT8 $24.22 $76.34 $133.81 $304.59



Trimark Global Fundamental Equity Class(formerlyTrimarkSelectGrowthClass)of InvescoCorporateClass Inc.

Funddetails


Securities offered SeriesA, SeriesF, Series FH,SeriesH,Series I, SeriesP, SeriesPF, SeriesPH,SeriesT4,SeriesT6andSeriesT8 sharesofamutual fund corporation

Startdate SeriesA:May25, 2001Series F:May25, 2001Series FH: July29, 2011SeriesH: October 13, 2009Series I: August 16, 2005SeriesP: July29, 2011SeriesPF: July29, 2011SeriesPH:July29, 2011SeriesT4:August 14, 2008SeriesT6:August 14, 2008SeriesT8:August 14, 2008



SeriesA: 2.00%Series F: 1.00%Series FH: 1.00%SeriesH: 2.00%Series I: negotiatedandpaid byeachSeries I investorSeriesP: 1.85%SeriesPF:0.85%SeriesPH: 1.85%SeriesT4: 2.00%SeriesT6: 2.00%SeriesT8: 2.00%




TrimarkGlobal Fundamental EquityClass seeks toprovidestrong capital growthwitha highdegreeof reliabilityoverthe long term.TheFund invests primarily in equities ofcompanies anywhere in theworld.



Toachieve these objectives, theportfoliomanagementteamapplies a rigorous bottom-up fundamentalinvestment approach toanalyze thequalityand valueofindividual companies todeterminewhetherornot toinvest in them.There is noattempt tomirror thecompositionof theFund’s benchmark index.


m That possess competitive advantages that provideopportunities for long-termgrowth

m That have strongmanagement that has shownstrongentrepreneurial skills

m That are highquality,wellmanagedbusinesses that arebelieved tobe attractively priced in relation to theirintrinsic value

TheFund’s geographic exposurewill be allocated in amanner similar to thebroadmarket capitalizationsof thefollowing threeprimaryeconomic regions:NorthAmerica, Europe/MiddleEast/Africa andAsiaPacific/LatinAmerica.Thismeans, forexample, that ifAsia Pacific/LatinAmerica becomes a larger part of theworld’s economy, a greater proportionof theFund’sassetswill be invested in companies fromsuchmarkets.However, theprimary focusof theportfoliomanagementteam is on identifying individual companies thatmeet itsinvestment criteriawithin this broadgeographicallocation.TheFundwill typically hold60 to85stocks.


Theportfoliomanagement teamwill typically sell asecurity under the following conditions: (a)where theprice of the security increases toa level that the teamconsiders tobe ator near its intrinsic value, (b)wherethere aremoreattractiveopportunities, or (c)where the


original investment thesis fora company is nolonger valid.


TheFundwill usederivatives, suchasoptions, forwardsand futures, for the purposes describedbelow. ForSeries FH, SeriesHandSeries PHsharesof theFund, thecurrencyhedging sub-advisorwill strive to fully hedge theforeign currencyexposureofeachcurrencyheldwithintheFund.However, thiswill likely be impossible todoat alltimes given, amongother things, thedifficultyof hedgingcertain currencies and the excessive costs of hedgingnon-standard amounts foreachcurrency.Therefore, thelevel of hedgingmaynotalways fully coverormatch theforeign currencyexposure.Accordingly, Series FH,SeriesHandSeries PH shares of the Fundwill generallyhave a return that is basedon theperformanceof theFund’s portfolio investments excluding foreigncurrencyexposure.

Forall other series of the Fund, the sub-advisorresponsible forcurrencyhedgingwill hedgeaportionoftheFund’s foreign currencyexposure. It is our intent that50%of the foreign currencyexposure fromsecuritiesdenominated in theU.S. Dollar, JapaneseYen, Euro,BritishPoundSterling orSwiss Francwill be hedgedatalltimes.However,maintaining this exact hedgemaynot bepossible todoat all times given, amongother things, theexcessive costs of hedgingnon-standard amounts foreachcurrency.TheFundmayormaynot hedge someorall of its remaining foreign currencyexposure.Thesub-advisor responsible forcurrencyhedgingwill causetheFund toenter into currency forward contracts for thepurposeof hedgingor “locking in” theCanadian-dollarprice of theFund’s investmentswhicharedenominated inforeign currencies, in order to reduce the foreigncurrencyexposure.The sub-advisor responsible forcurrencyhedgingwill not try to forecastor speculate onexchange rate fluctuations.


TheFundmayusederivatives for non-hedgingpurposesinorder to invest indirectly in securities or financialmarkets or togain exposure toothercurrencies (except

forSeries FH, SeriesHandSeries PHshares of the Fund).If used for non-hedgingpurposes, optionswill representnomore than 10%of thenet assets of theFund.





Trimark Global Fundamental Equity Class (continued)


RisksPrimary

riskSecondary

risk




Currency risk „

Derivative risk „

Equity risk „





Series risk „

BecauseSeries FH, SeriesHandSeriesPHshares alwaysusesderivative instruments tohedge against foreigncurrencyexposure, Series FH, SeriesHandSeries PHsharesof theFundwill generally havegreater riskassociatedwith theuseofderivatives than the shares oftheother series of theFund.Currency risk, as describedonpage7,will be reduced substantially forSeries FH,SeriesHandSeries PHshares of the Fundbecause theirportionof theFund’s foreign currencyexposurewill behedged.Thiswill not be the case for the other series of theFundwhichhavemorediscretiononwhether tohedgeagainst foreign currencyexposure.However, therewill becircumstances, from time to time,where the level ofhedging in respectofassets attributable toSeries FH,SeriesHandSeries PH shares does not fully cover theforeign currencyexposureof theSeries FH, SeriesHandSeries PHshares of the Fund.


During the past year, theFund’s holdings ofcommonsharesofNestlé S.A.exceeded 10%of the Fund’s netassets toamaximum level of 11.11%.Holdings in excessof10%of thenet assets inone issuermaysubject theFundto the risks describedunderConcentration riskonpage6.


Investorswho:






Investorswhowish togainexposure to foreign equitysecurities butwish tominimize exposure to fluctuationsin foreign currency relative to theCanadiandollar shouldinvest inSeries FH, SeriesHandSeries PHshares ofthis Fund.



Distributionpolicy

SeriesA,F, FH,H, I, P,PFandPH





m Series T4: 4%

m Series T6: 6%

m Series T8:8%











SeriesA $26.96 $84.98 $148.96 $339.07

Series F $12.92 $40.71 $71.36 $162.44

SeriesH $24.91 $78.52 $137.63 $131.28

SeriesT4 $26.65 $84.01 $147.26 $335.20

SeriesT6 $25.83 $81.43 $142.73 $324.89

SeriesT8 $26.45 $83.37 $146.13 $332.62

Wehavenot shownanexample for Series P, Series PF,SeriesPHandSeriesFHsharesof theFundbecause theseseries are new.



Trimark Global Small Companies Classof InvescoCorporateClass Inc.

Funddetails

Fund type Global small-/mid-capequity


Startdate SeriesA: June 11, 2007Series F: June 11, 2007Series I: June 11, 2007







TrimarkGlobal Small CompaniesClass seeks toprovidestrongcapital growthover the long term.TheFund investsprimarily in equities of small capitalization companiesanywhere in theworld.




Theportfoliomanagement team looks forcompanieswhich, at the timeof purchase, are considered tobe smallcapitalization issuers in the relevantmarket andthat exhibit:

m Soundgrowthpotential and financial strength

m Strongmanagementand leadership in their field

m Attractive valuations in relation to their intrinsic value

Aspart ofa comprehensive assessmentofa company’sintrinsic value, the teamuses avarietyof valuation

methodsandwill typically reviewa company’s financialinformation, competitive positionand its futureprospects.The teammayalsomeetwith the company’smanagementand take intoaccountgeneral industryandeconomic trends.The teamwill thencompare the intrinsicvalue that it has placedon the companyagainst itscurrentmarket price, andwill consider investingwherethemarket price is sufficiently lower than thevalue thatthe teamhasdetermined.










RisksPrimary

riskSecondary

risk



Currency risk „

Derivative risk „

Equity risk „




Liquidity risk „


Series risk „




Investorswho:



mWanta small capitalizationglobal equity investment




Distributionpolicy

Ordinarydividends, ifany, are paid inMarchand capitalgains dividends, ifany, are paid inMay.Weautomaticallyreinvestdividends in the Fund if youhold your sharesinside a registered plan.Outside a registered plan,weautomatically reinvestdividendsunlessyou requestdividends bychequeordirectdeposit toyourbankaccount.




SeriesA $26.34 $83.04 $145.56 $331.33

Series F $14.35 $45.24 $79.29 $180.49


Trimark Global Small Companies Class (continued)

Trimark International Companies Fund

Funddetails

Fund type International equity


Startdate SeriesA:October22, 1999Series F: February 11, 2000Series I: August 16, 2000(offeredasofOctober22, 1999bywayofprivateplacement)







Trimark International Companies Fund seeks toprovidestrongcapital growthover the long term.TheFund investsprimarily in securities of issuers locatedoutside ofCanadaand theUnitedStates.





mWhose competitive advantages provide opportunitiesfor long termgrowth









Anyuseofderivativeswill be consistentwith theinvestmentobjectives of theFundand will complywiththe requirements of Canadian securities regulation, asalteredby the exemptiongranted topermit the Fund touseas cover (i) bonds, debentures, notes orotherevidences of indebtedness that are liquid, floating ratedebt instruments and securities of the InvescoCanada


cashmanagement funds; and (ii)when theFundholds alongposition in a standardized future or forwardor isentitled to receivepayments undera swap, a rightorobligation to sell anequivalentquantityof the underlyinginterest of the standardized future, forwardor swap.




RisksPrimary

riskSecondary

risk



Currency risk „

Derivative risk „

Equity risk „




Series risk „



Investorswho:



mWantadiversified international equity investment



Distributionpolicy





SeriesA $29.64 $93.45 $163.79 $372.83

Series F $13.70 $43.19 $75.70 $172.31


Trimark International Companies Fund (continued)

Trimark International Companies Class(formerlyTrimarkEAFEEquityPrivatePool)of InvescoCorporateClass Inc.

Funddetails


Securities offered SeriesA, SeriesF, SeriesPandSeriesPFsharesofamutual fund corporation

Startdate SeriesA:August9, 2011Series F:August9, 2011SeriesP: June20, 2006(designatedSeriesAuntil July21, 2011;redesignatedSeriesPeffectiveJuly22, 2011)SeriesPF: June20, 2006(designatedSeries Funtil July21, 2011;redesignatedSeriesPFeffectiveJuly22, 2011)



SeriesA: 2.00%Series F: 1.00%SeriesP: 1.85%SeriesPF:0.85%




Trimark International CompaniesClass seeks toprovidelong-termcapital growthby investing primarily in equitysecurities of issuers locatedoutside ofCanada and theUnitedStates.






m That possess strongmanagement






The Fundmayalsousederivatives for non-hedgingpurposes inorder to invest indirectly in securities orfinancialmarkets and togain exposure toothercurrencies. If used for non-hedgingpurposes, optionswillrepresent nomore than 10%of thenet assets of theFund.

Anyuseofderivativeswill be consistentwith theinvestmentobjectives of theFundand will complywithCanadian securities regulation, as alteredby theexemptions granted topermit theFund touse as cover(i) bonds, debentures, notes orotherevidences ofindebtedness that are liquid, floating rate debt


instruments and securities of the InvescoCanada cashmanagement funds; and (ii)when theFund holds a longposition in a standardized future or forwardor is entitledto receivepayments undera swap, a rightorobligation tosell anequivalentquantityof theunderlying interest ofastandardized future, forward or swap.




RisksPrimary

riskSecondary

risk



Currency risk „

Derivative risk „

Equity risk „





Series risk „


As at July 5, 2011, an investor held 13.77%of the sharesofthe Fund. Please seeLarge transaction riskonpage 10 fordetails of the risks associatedwithapossible redemptionof these shares.


Investorswho:



mWantadiversified international equity investment




Distributionpolicy





SeriesP $22.55 $71.09 $124.60 $283.63

SeriesPF $11.17 $35.22 $61.74 $140.53

Wehavenot shownanexample for SeriesAandSeries Fshares of the Fundbecause these series arenew.


Trimark International Companies Class (continued)

Trimark Energy Classof InvescoCorporateClass Inc.

Funddetails

Fund type Energyequity


Startdate SeriesA: January 12, 2011Series F: January 12, 2011Series I: January 12, 2011




Sub-advisors InvescoAdvisers, Inc.,Atlanta,Georgia, forcashportionoftheFund



TrimarkEnergyClass seeks toachieve capital growthover the long termby investing primarily in equitysecurities of issuers located anywhere in theworld thatare engageddirectlyor indirectly in theenergy sector.TheFundmay, to a lesserdegree, invest in other types ofsecurities of these issuers.




Theportfoliomanagement team looks forcompaniesengaged in the energysector,meaning, companiesinvolved inoil and gas, coal, chemicals, utilities, pipelines,uranium, alternative fuels andotherenergy related areas.

Aspart ofa comprehensive assessmentofa company’sintrinsic value, the teamuses avarietyof valuationmethods andwill typically reviewacompany’s financialinformation, competitive positionand its futureprospects.The teamwill also establish a long-term

commodity price assumptionas part of this analysis.Theteammayalsomeetwith the company’smanagementand take intoaccountgeneral industryandeconomictrends.The teamwill thencompare the intrinsic value thatit has placedon the companyagainst its currentmarketprice, andwill consider investingwhere themarket priceis sufficiently lower than thevalue that the teamhasdetermined.


Fromtime to time the Fundmayalso invest in debtsecurities of issuers engaged in theenergy sector,although it is notgenerallyexpected that suchinvestmentswill exceed20%of thenet asset value ofthe Fund.


The Fundmayusederivatives, includingoptions, swaps,covered calls and puts, forwards and futures, for thepurposes describedbelow.TheFundmayseek tohedgeagainst potential loss. Pleasevisit ourwebsite atwww.invesco.ca for summary informationon theFund’scurrencyhedgingpositions, ifany.


Anyuseofderivativeswill be consistentwith theinvestmentobjectives of theFundand will complywiththe requirements of Canadian securities regulation.TheManager hasobtained anexemption that (i) extends thecategoryof investments that constitute cashcover forsuchderivatives to include bonds, debentures, notes orotherevidencesof indebtedness that are liquid, floatingrate debt instruments and securities of the


InvescoCanada cashmanagement funds; and (ii) permitstheFund touseas cover,when theFundholds a longposition in a standardized future or forwardor is entitledto receivepayments undera swap, a rightorobligation tosell anequivalentquantityof theunderlying interest ofthe standardized future, forward or swap.


TheFundmayalsoengage ina limited amountof shortselling, subject to certain conditions and limits, pursuantto anexemptionprovidedby theCanadian securitiesregulatoryauthorities. Short sellingmayoccur ininstanceswhere theportfoliomanagement teamidentifies securities trading at a premiumto their intrinsicvalue andare therefore expected todecline invalue.Short sellingmayalsobeusedas ahedge to lower theFund’svolatility in adecliningmarket. For informationsurrounding the risks of these short selling strategies, seeWhatare the specific risks of investing in amutual fund?onpage5.

Pursuant to the exemptive reliefgranted, theFundmayengage in short selling onlywithin certain limits andconditions, including (but not limited to) the following:(i) the Fundwill only short sell liquid securities, (ii) theFundwill limit its short sale exposure toanysingle issuerto5%of theFund’sNAVand its aggregate short exposureto20%of itsNAV, (iii) the Fund will hold cashcover in anamount (including theFund’s assets depositedwithlenders) that is at least 150%of theaggregatemarketvalueofall securities sold short, (iv) noproceeds fromshort sales by theFundwill be used topurchase longpositions in securities (other thancashcover), and (v) theFundwill deposit collateral (a) inCanadawith lenderswhichare registereddealers inCanada that areparticipatingmembers of theCanada InvestorProtectionFund, and (b) outside ofCanadawith lenderswhicharemembersofa stockexchangeandhaveanetworthofatleast $50milliondetermined fromtheirmost recentaudited financial statements.

Short selling gains and losses in respectof foreignsecurities aregenerallycharacterized as income ratherthancapital for taxpurposes.This tax treatmentmay

increase the risk that theCorporation is subject toadditional taxes,whichmayaffect an investor’s return.



RisksPrimary

riskSecondary

risk


Commodity risk „


Credit risk „

Currency risk „

Derivative risk „

Equity risk „






Series risk „

Short selling risk „




Investorswho:




Trimark Energy Class (continued)

mWantexposure to the energysectorandarecomfortablewitha fundwith substantialforeignholdings

m Are comfortablewithhigh risk



Distributionpolicy





SeriesA $26.14 $82.40 $144.43 $328.75

SeriesF $14.97 $47.18 $82.69 $188.23


Trimark Energy Class (continued)

Trimark Resources Fund

Funddetails

Fund type Canadiannatural resources


Startdate SeriesA:May 15, 1998Series F: February 11, 2000Series I: August 25, 2003(offeredasof July25, 2003bywayofprivateplacement)







TrimarkResources Fund seeks toachieve strong capitalgrowthover the long term.TheFund invests primarily insharesofCanadian companies in the naturalresources industry.




Theportfoliomanagement team looks forcompaniesengaged in:

mMining

m Forest products

mOil andgas

m Agriculture andwater resources

m Pipelines

m Transportation

mOther sectors related to thenatural resources industry

As part ofa comprehensive assessmentofa company’sintrinsic value, the teamuses avarietyof valuationmethodsandwill typically reviewa company’s financialinformation, competitive positionand its futureprospects.The teamwill also establish a long-termcommodity price assumptionas part of this analysis.Theteammayalsomeetwith the company’smanagementand take intoaccountgeneral industryandeconomictrends.The teamwill thencompare the intrinsic value thatit has placedon the companyagainst its currentmarketprice, andwill consider investingwhere themarket priceis sufficiently lower than thevalue that the teamhasdetermined.




The Fundmayusederivatives, suchas options, forwardsand futures, for thepurposesdescribedbelow.TheFundmayseek tohedgeagainst potential loss. Pleasevisit our


website atwww.invesco.ca for summary informationontheFund’s currencyhedgingpositions, ifany.






RisksPrimary

riskSecondary

risk


Commodity risk „


Currency risk „

Derivative risk „

Equity risk „




Series risk „




Investorswho:



mWantexposure to thenatural resources sector

mAre comfortablewithaCanadiannatural resourcesequity fund thatmayhave substantial foreignholdings



Distributionpolicy



Trimark Resources Fund (continued)




SeriesA $25.73 $81.11 $142.16 $323.60

Series F $13.10 $41.31 $72.41 $164.82


Trimark Resources Fund (continued)

Invesco Allocation Fund

Funddetails


Securities offered SeriesA, SeriesD, Series FandSeriesSCunits ofamutual fund trust

Startdate SeriesA: June21, 2004SeriesD: June21, 2004Series F: June21, 2004SeriesSC: June21, 2004SeriesDunits of this Fundare currentlyclosed tonew investors; however, existinginvestorsmaycontinue tobuySeriesDunits of this Fund inanaccount thatalreadyholdsSeriesDunits of this Fund.



SeriesA:maximumof0.50%SeriesD:maximumof0.50%Series F:maximumof0.50%SeriesSC:maximumof0.50%




InvescoAllocationFund seeks topreserve capital andmaintain liquiditywhile earning anominal amountofinterest income.TheFundmay invest inothermoneymarketmutual funds.






TheFundmay invest up to 100%of its assets inforeign securities.

Insteadof investing in the above securities directly, theFundmay invest someorall of its assets inunits of theInvescoCanada’s cashmanagement funds,whichare

othermoneymarket funds that aremanaged byus. Inmaking this investmentdecision, the sub-advisorconsiders a numberof factors, including theyield orreturn to theFund.

The investments of theFundwill be restricted toprescribed investments under s.204.4(2)(d) of theIncomeTaxAct (Canada).

The Fund is designed solely for investorswhowant anefficient entry intoour InvescoWealthManagementprogram, as describedonpage33. For investorswhohaveanactive program, uponsettlementofa purchaseof unitsof theFund,your investmentwill be automaticallyredeemedandwewill purchase sharesor units of yourchosen fundswithinyour InvescoWealthManagementPortfolio.The “flow-through”natureof investments in theFundmeans thatweanticipate that very fewassetswillremain in the Fund fora longperiod of time. Accordingly,the Fund’s assetsmust behighly liquid.

The Fund is designed to keepa constantNAVof$10.00perSeriesA, SeriesSC, SeriesDandSeries Funit.Weachieve this bycrediting each investor’s accountwithnetincomeandapplicable net realized capital gains eachbusiness dayso that the total numberofSeriesA,SeriesSC, SeriesDandSeries Funits outstanding variesin proportionwith the Fund’s liabilities and assets.


RisksPrimary

riskSecondary

risk





Series risk „

Foradetailed descriptionof thesemutual fund risks, seeWhatare the specific risks of investing in amutual fund?onpages5 to 13. Although theFund seeks tomaintain aconstantNAVper series,we cannotguarantee that thepricewill not fluctuate.

As at July 5, 2011, three investors held, respectively,22.96%,20.76%and 10.70%of theunits of the Fund.Please seeLarge transaction riskonpage 10 fordetails ofthe risks associated withapossible redemptionoftheseunits.



Only investorswhowant to invest cash temporarilyas amethodofenteringour InvescoRebalancingServiceshould invest in this Fundand those investorswhoarecomfortablewithvery low risk.TheFund is notappropriate if youdonotplan touse theInvescoRebalancingService.

Distributionpolicy

Distributions, ifany, are credited dailyandmademonthlyoron redemptionofall units.Weautomatically reinvestdistributions in theFund.


Please seeFundexpenses indirectly borneby investorsonpage60 for theassumptions required tobeused in thistable.Ourannual costsmaybehigheror lower.


SeriesA $5.13 $16.16 $28.32 $64.46

SeriesD $5.13 $16.16 $28.32 $64.46

Series F $5.13 $16.16 $28.32 $64.46

SeriesSC $5.13 $16.16 $28.32 $64.46


Invesco Allocation Fund (continued)

Invesco Canada Money Market Fund

Funddetails


Securities offered SeriesA, SeriesDCAandSeriesDCAHeritageunits ofamutual fund trust

Startdate SeriesA: September27, 1996SeriesDCA:January26, 2009SeriesDCAHeritage: January26, 2009



SeriesA: 1.00%SeriesDCA: 1.00%SeriesDCAHeritage:0%




InvescoCanadaMoneyMarket Fund seeks togenerate ahigh level of interest incomewhile preserving capital andmaintaining liquidity.






TheFund investsmainly inhigh-quality,Canadianmoneymarket securities.The Fundmay invest up to49%of itsassets in foreign securities.Underextraordinarycircumstances, as a result of fluctuations in the priceofcertainportfolio holdings, the Fundmay temporarily holdmore than49%of its assets in foreign securities. In suchcircumstances, the sub-advisorwill take steps to adjusttheportfolio investments of theFund inanorderlymanner.

Insteadof investing in the above securities directly, theFundmay invest someorall of its assets inunits of theInvescoCanada cashmanagement funds,whichare othermoneymarket funds that aremanagedbyus. Inmaking

this investmentdecision, the sub-advisorconsiders anumberof factors, including theyield or return tothe Fund.

The Fund is designed to keepa constantNAVof$10.00perSeriesA, SeriesDCAandSeriesDCAHeritageunit.Weachieve this bycrediting each investor’s accounteachbusiness daywithnet incomeandapplicable net realizedcapital gains (less applicable losses andmanagement feedistributions) so that the total numberof SeriesA,SeriesDCAandSeriesDCAHeritageunits outstandingvaries in proportionwith the Fund’s liabilities andassets.



RisksPrimary

riskSecondary

risk



Credit risk „





Series risk „

Foradetailed descriptionof thesemutual fund risks, seeWhatare the specific risks of investing in amutual fund?onpages5 to 13. Although theFund seeks tomaintain aconstantNAVperSeriesAunit,we cannotguarantee thatthe pricewill not fluctuate.


Investorswho:





m Are comfortablewithvery low risk

SeriesDCAandSeriesDCAHeritageunits of theFundarenotpermitted for investorswhowish tohold theirunits in an Invesco-administeredLRIF,PRIF,LIF,RLIF,RESPandRRIF (except in respectof thedefault funddescribedonpage22 under theheading“Howweprocessyourorder”).

SeriesDCAandSeriesDCAHeritageunits areappropriate for investorswhowish todollar-cost averagebysystematically transferring aproportionate amountoftheir investment intonon-moneymarket fund(s) offeredby InvescoCanada.

Distributionpolicy

Distributions, ifany, are credited dailyandmademonthlyoron redemptionofall units.Weautomatically reinvestdistributions in theFund if youhold yourunits inside aregisteredplan.Outside a registeredplan,weautomatically reinvestdistributions unlessyou requestdistributionsbychequeordirectdeposit toyourbankaccount. For SeriesDCAandSeriesDCAHeritageunits,the total amountof reinvesteddistributions, ifany,will besystematically transferred intoTransfer Fund(s) after theone-year period following the startdate.




SeriesA $7.59 $23.91 $41.91 $95.40

SeriesDCA $7.59 $23.91 $41.91 $95.40

SeriesDCAHeritage $0.00 $0.00 $0.00 $0.00


Invesco Canada Money Market Fund (continued)

Invesco Short-Term Income Classof InvescoCorporateClass Inc.

Funddetails


Securities offered SeriesA, SeriesBandSeriesFsharesofamutual fund corporation

Startdate SeriesA:October27, 1995SeriesB:October27, 1995Series F:November 1, 2000



SeriesA: 1.25%SeriesB: 1.50%Series F:0.75%




InvescoShort-Term IncomeClass seeks togenerateahighlevel of incomewhile preserving capital andmaintaining liquidity.






TheFund investsmainly inhigh-quality,Canadianmoneymarket securities.The Fundmay invest up to49%of itsassets in foreign securities.Underextraordinarycircumstances, as a result of fluctuations in the priceofcertainportfolio holdings, the Fundmay temporarily holdmore than49%of its assets in foreign securities. In suchcircumstances, the sub-advisorwill take steps to adjusttheportfolio investments of theFund inanorderlymanner.

Insteadof investing in the above securities directly, theFundmay invest someorall of its assets inunits of theInvescoCanada cashmanagement funds,whichare other

moneymarket funds that aremanagedbyus. Inmakingthis investmentdecision, the sub-advisorconsiders anumberof factors, including theyield or return tothe Fund.



RisksPrimary

riskSecondary

risk



Credit risk „

Currency risk „






Series risk „

Unlike a traditionalmoneymarket fund where the priceperunit is constant, theprice per unit of the Fundwill floatbecause itdoes not payout net income to investors. Netincome is instead accrued in theFundwhichwill affect theFund’sNAV.Typically the price perunit of theFund willincrease; however, it is possible that in somecircumstances the price per unitwill decrease.


As at July 5, 2011, an investor held80.88%of the sharesof theFund. Please seeLarge transaction riskonpage 10fordetails of the risks associatedwithapossibleredemptionof these shares.



Taxable investorswho:


mWant to invest cash temporarilywhile decidingwhichclass(es) of InvescoCorporateClass Inc. to invest in


m Are comfortablewithvery low risk


Distributionpolicy





SeriesA $5.74 $18.10 $31.72 $72.20

SeriesB $5.43 $17.13 $30.02 $68.33

Series F $4.61 $14.54 $25.49 $58.02


Invesco Short-Term Income Class (continued)

Invesco Emerging Markets Debt Fund

Funddetails

Fund type Emergingmarketsbond






Sub-advisors InvescoAdvisers, Inc.,Atlanta,Georgia



InvescoEmerging MarketsDebt Fund seeks togeneratehigh incomeand capital appreciationover the long termby investing primarily in debt securities ofemergingmarket issuerswhicharedenominated in the currencyoftheir respective emergingmarket countries.



Toachieve theseobjectives, the Fundwill invest primarilyin local currencydenominateddebt securities issuedbysovereign, quasi-sovereign, supranational agenciesand/orcorporate issuers located in emergingmarkets.Quasi-sovereign issuers are issuerswhosedebt securitiesareguaranteedbya foreigngovernmentorwhoseequitysecurities aremajorityownedbya foreigngovernment.Supranational agencies are agencies designatedorsupportedby twoormoregovernmental entities anddesigned topromoteeconomic reconstruction,developmentor international banking institutions.

The sub-advisoremploys a fundamental investmentstrategywhich combines a top-downapproachwitharigorousbottom-up country, currencyand interest rateanalysis approach.

The strategyemploys disciplinedportfolio constructionandplaces a strongemphasis on riskmanagement.The

sub-advisorwill initially review theglobal economicenvironment,which includes a reviewofglobal growth,inflation, credit cycles, riskappetites, commodity pricesandother relevant factors.This reviewprovides thecontext for its sovereignand local currencies outlooks,positioning relative to theeconomic cycle and the level offundamental risk targeted in the Fund.The sub-advisorthenconducts a sovereigndebt and currencyanalysisusing (a) bottom-up fundamental analyses of themacroeconomic environmentofeachcountry, (b) politicalanalyses ofeachcountry, (c) appraisals ofmarket supplyanddemanddynamics, and (d) other factors as thesub-advisordeems relevant. A forward-lookingassessment is thenmade foreachcountry’s availablefixed incomesecurities and currency. Securities areselected for inclusionbasedonperceived value relative toalternatives, duration,yield curvepositioning appropriatefor interest rate outlook, credit and currencyopportunities, and aneffort to achieveappropriatediversificationof the Fund’s portfolio.

The sub-advisoranticipates that the Fundwill consist ofaconcentratedportfolio invested largely in debt securitiesthat are ratedBBB-orhigher byStandard&Poor’s andanequivalent rating byanotherCanadianSecuritiesAdministrators approved credit rating organization.Thesub-advisormay, in its sole discretion, invest up to35%ofthe assets of theFund indebt securities that are ratedbelow investmentgradeorare unrated.

The sub-advisorwill consider selling a security if (a) theforeignexchangeor interest rate outlook is no longerconsistentwith the original investment thesis, (b) theissuehasmetorexceeded its foreignexchangeor interestrate objectives, or (c) there aremoreattractiveinvestment alternatives in themarket.

The Fundmayusederivatives, includingoptions, credit-linkednotes, swaps, forwards and futures, for hedgingandnon-hedgingpurposes inorder to invest indirectly insecurities or financialmarkets or togain exposure toothercurrencies. If used for non-hedgingpurposes,optionswill represent nomore than 10%of thenet assetsof theFund.The Fundmayalso invest up to 15%of thenetassets in credit-linkednotes.

The sub-advisor may take active currency positionswithrespect to emerging market currencieswhere thesub-advisor feels that such emerging market currenciesare likely to appreciate relative to othercurrencies.Active positions in currencies are limited to a maximumof 15%of the Fund’s NAVand will be employed throughthe use ofderivatives, suchas foreign currency forwardsor futures. If the sub-advisor feels that a particularemergingmarket currency is likely to decline invalue


relative to other currencies, but the sub-advisor hasotherwise determined that a fixed-income securitydenominated in that currency is appropriate, itmayalsohedge this exposure to anotheremergingmarketcurrencyor theCanadian dollar (which maybe effectedthroughhedging to theU.S. dollar or euro initially). Suchhedging is not expected to be a significant part of thesub-advisor’s investment strategy.

The sub-advisormay, in its discretion, invest someorall ofthe cashassets directly inmoneymarket instruments orother short-termdebt securities.TheFundmay invest thecashportionof its assets in securities ofmoneymarketfunds that aremanagedbyus oroneofouraffiliates orassociates. Inmaking this investmentdecision, thesub-advisorconsiders anumberof factors, including theFund’s requirement foraCanadian- orU.S.-dollar-denominated short-term investmentand theyield orreturn to the Fund.

TheFundmayseek tohedgeagainst potential loss. Pleasevisit ourwebsite atwww.invesco.ca for summaryinformationon the Fund’s currencyhedgingpositions,ifany.

Anyuseofderivativeswill be consistentwith theinvestmentobjectives of the Fundandwill complywiththe requirements ofCanadian securities regulation.TheManagerhas obtained anexemption that (i) allows theFund toenter into interest rate swaps, creditdefaultswaps or, if the transaction is for hedgingpurposes,currency forwards, in all caseswitha remainingterm-to-maturityofgreater than threeyears; (ii) extendsthe categoryof investments that constitute cashcoverfor suchderivatives to includebonds, debentures, notesorotherevidences of indebtedness that are liquid,floating rate debt instruments and securities of theInvescoCanada cashmanagement funds; and (iii) permitstheFund touseas cover,when theFundholds a longposition in a standardized future or forwardor is entitledto receivepayments undera swap, a rightorobligation tosell anequivalentquantityof theunderlying interest ofthe standardized future, forward or swap.







Emergingmarket country securitiesmayhave smallermarket capitalizations and less liquidity than securities inmoredeveloped countries,whichmaymake themmoredifficult to sell. In addition,where the Fund invests incorporate rather than sovereigndebt, the companiesmayhave limited product lines,markets and financialresources,whichmaymake themmorevulnerable.Securities legislation in emergingmarket countriesmaynot protect investors to the samedegree that investorsare protected inmoredeveloped countries. In addition,certain emergingmarket countriesmay limit the amountof foreign currencywhichmaybe removed fromthe country.

The sub-advisoralsoemploys anactive currencymanagement strategywhichmay result in losses to theFund if the sub-advisor is incorrect in its assessmentofthe futurevalue ofa currency.


Invesco Emerging Markets Debt Fund (continued)

TheFund is also subject to the following risks:

RisksPrimary

riskSecondary

risk



Credit risk „

Currency risk „

Derivative risk „




Liquidity risk „

Prepayment risk „


Series risk „




Investorswho:

m Are seekinghigh incomeand capital appreciation fromexposure toemergingmarketdebt securities

m Are comfortablewitha fundwhich invests primarily inthe local currencies ofemergingmarket issuers



TheFund is not appropriate if youhave short-terminvestment horizon.

Distributionpolicy

Distributions of income, ifany, aremademonthlyanddistributionsofcapital gains, ifany, aremadeannually inDecember.Weautomatically reinvestdistributions in theFund if youhold your units inside a registered plan.Outside a registeredplan,weautomatically reinvestdistributionsunlessyou requestdistributionsbychequeordirectdeposit toyourbankaccount.


Wehavenot shownanexample for this Fund because itis new.


Invesco Emerging Markets Debt Fund (continued)

Invesco Canadian Balanced Fund

Funddetails


Securities offered SeriesA, SeriesD, Series F, Series I,SeriesT4,SeriesT6, SeriesT8units ofamutual fund trust

Startdate SeriesA: July 15, 1992SeriesD:August 25, 2003Series F:November 1, 2000Series I: August 25, 2003(offeredasof February 15, 2002bywayofprivateplacement)SeriesT4:August 20, 2007SeriesT6:August 20, 2007SeriesT8:August 20, 2007SeriesDunits of this Fundare currentlyclosed tonew investors; however, existinginvestorsmaycontinue tobuySeriesDunits of this Fund inanaccount thatalreadyholdsSeriesDunits of this Fund.



SeriesA: 2.00%SeriesD: 1.60%Series F: 1.00%Series I: negotiatedandpaid byeachSeries I investorSeriesT4: 2.00%SeriesT6: 2.00%SeriesT8: 2.00%

Sub-advisors InvescoAdvisers, Inc.,AtlantaGeorgia, forequityand cashportionof FundInvescoAssetManagementLimited,London, EnglandandInvescoAdvisers, Inc.,Atlanta,Georgia, for fixed incomeportionof Fund



InvescoCanadianBalancedFund seeks togeneratecapital growthand incomeby investingmainly in:

m Canadianequitieswith stronggrowthpotential

m High-quality Canadiangovernmentand corporatefixed-income securities

m Foreignequities andhigh-qualityU.S. governmentandcorporate fixed-incomesecurities



Toachieve theseobjectives, the sub-advisor for theequityportionof the Fundemploys adisciplinedgrowthinvestment strategy that:

m Emphasizes fundamental research, supportedbyquantitative analysis andportfolio constructionandriskmanagement techniques

m Is focusedon identifying qualitycompanies thatpossess, orexhibit thepotential for, accelerating oraboveaverage earnings growth.The teamwill thenclosely examine the qualityand sustainabilityofthoseearnings

m Seeksout companies that are attractively valued andwhose stockprices donot fully reflect these attributes

Investments for the portfolio are selected “bottom-up”ona stock-by-stockbasis.The focus is on the strengthsofindividual companies, rather than sectororcountry trends.

Aconservative approach is employed todebt investing byonly investing in investment-gradebonds,with anemphasis ongovernment bonds.


The sub-advisors for the fixed-incomeportionof theFundlookprimarily fordebt securities ratedBBBor higher byrecognized credit rating agencies.

The Fundmayalso invest in preferred shares andconvertible securities ofcorporations.

The Fund invests, onaverage, approximately60%of itsnon-cashassets in equities and40%in fixed-incomesecurities.

The sub-advisor for theequity portionof theFundalsomanages the cashheld in the Fund.The sub-advisorresponsible for the cashportionof theFundmay, in itsdiscretion, invest someorall of the cashassets directly inmoneymarket instruments orother short-termdebtsecurities.TheFundmay invest the cashportionof itsassets in securities ofmoneymarket funds that aremanagedbyusoroneofouraffiliates orassociates. Inmaking this investmentdecision, the sub-advisorconsiders a numberof factors, including the Fund’s


requirement foraCanadian- orU.S.-dollar-denominatedshort-term investmentand theyield or return to the Fund.








In themanagementof its portfolio, the Fundmayuserepurchaseand reverse repurchase transactions, and

mayenter into securities lending agreements.Thesetransactionswill only bemadewithparties that areconsidered tobecreditworthyandwhere the transactionsshould earn theFundadditional returns. Fora descriptionof repurchase and reverse repurchase transactions andsecurities lending agreements, and the strategies used bythe Fund to reduce the risks associatedwith thesetransactions, please see thediscussionunder Repurchaseand reverse repurchase transactions and securitieslending riskonpage 11.


RisksPrimary

riskSecondary

risk



Credit risk „

Currency risk „

Derivative risk „

Equity risk „





Series risk „



As at July 5, 2011, an investor held40.24%of theunits ofthe Fund. Please seeLarge transaction riskonpage 10 fordetails of the risks associatedwithapossible redemptionof theseunits.


Investorswho:

mWanta combinationof thegrowthpotential ofequitiesand the stabilityof fixed-income investments


TheFundmaynot be appropriate if youhavea short-terminvestment horizon.



Invesco Canadian Balanced Fund (continued)

Distributionpolicy

SeriesA,D,Fand I

Distributions, ifany, aremadeannually inDecember.Weautomatically reinvestdistributions in theFund if youholdyourunits inside a registeredplan.Outside a registeredplan,weautomatically reinvestdistributions unlessyourequestdistributionsbychequeordirectdeposit toyourbankaccount.




m SeriesT4: 4%

m SeriesT6: 6%

m SeriesT8:8%




All other things being equal, a higher TargetDistributionRatewill result in a largeramount being distributed as areturnofcapital. Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmay

result in the return toyouof the entire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyou is not immediately taxable inyourhands, butwill reduceyourACBof the relatedunits.However, if the distributions are reinvested in additionalunits of theFund, theACBwill increaseby the amountreinvested.Where net reductions to theACBof yourunitswould result in theACBbecominganegative amount,suchamountwill be treated as a capital gain realizedbyyouand theACBof your relatedunitswill thenbenil. Anyfurthernet reductions toACBwill similarly be treated ascapital gains realizedby yououtside a registeredplan.





SeriesA $25.52 $80.46 $141.03 $321.02

SeriesD $21.42 $67.53 $118.37 $269.45

Series F $12.40 $39.10 $68.53 $156.00

SeriesT4 $23.68 $74.64 $130.83 $297.81

SeriesT6 $22.96 $72.38 $126.87 $288.79

SeriesT8 $23.58 $74.32 $130.27 $296.52


Invesco Canadian Balanced Fund (continued)

Invesco Core Canadian Balanced Classof InvescoCanadaFund Inc.

Funddetails



Startdate SeriesA:October29, 2001Series F:October29, 2001Series I: August 16, 2005SeriesT4:August 20, 2007SeriesT6:August 20, 2007SeriesT8:August 20, 2007




Portfoliomanagerandsub-advisors

InvescoCanadaInvescoAdvisers, Inc.,AtlantaGeorgia, forequityportionofone-halfof FundandcashportionofFundInvescoAssetManagementLimited,London,Englandand InvescoAdvisers, Inc.,Atlanta,Georgia, for fixed incomeportionofone-halfof theFund



InvescoCoreCanadianBalancedClass seeks togeneratecapital growthand incomeover the long termby investingmainly in:

m Canadianequities

m Canadiangovernmentand corporate fixed-incomesecurities

m Foreignequities and governmentand corporate fixed-incomesecurities



Toachieve these objectives, theFund’s assets aredividedinto twoapproximatelyequal portions betweenaportfoliomanagement teamfrom InvescoCanadaandportfoliomanagement teams fromthe sub-advisors.Theseportions are rebalancedperiodically.TheInvescoCanadaportfoliomanagement teamand thesub-advisor portfoliomanagement teamsemploycomplementary investmentapproaches as ameansofmanaging riskand increasing potential return.

Forapproximatelyone-halfof theFund’s assets, theInvescoCanadaportfoliomanagement teamtarget companies:



For thebalanceof theFund’s assets, the sub-advisoremploys adisciplinedgrowth investment strategy for itsequity investments that:


m Is focusedprimarilyon identifying qualitycompaniesthat haveexperienced, orexhibit thepotential for,accelerating orabove averageearningsgrowthbutwhoseprices donot fully reflect these attributes

For its fixed-income investments, the sub-advisors lookfordebt securities primarily ratedBBBor higher byrecognized credit rating agencies.


The Fundwill typically invest nomore than30%of itsassets in foreign securities.

Oneof the sub-advisors for the fixed-incomeportionoftheFundalsomanages the cashheld in theFund includingthe cashheld in theportionof the FundmanagedbyInvescoCanada’s portfoliomanagement team.

The sub-advisor responsible for the cashportionof theFundmay, in its discretion, invest someorall of the cashassets directly inmoneymarket instruments orothershort-termdebt securities.TheFundmay invest the cashportionof its assets in securities ofmoneymarket fundsthat aremanagedbyus oroneofouraffiliates orassociates. Inmaking this investmentdecision, thesub-advisorconsiders a numberof factors, including the


Fund’s requirement foraCanadian- orU.S.-dollar-denominated short-term investmentand theyield or return to the Fund.








RisksPrimary

riskSecondary

risk



Credit risk „

Currency risk „

Derivative risk „

Equity risk „






Series risk „




Investorswho:

mWanta combinationof thegrowthpotential ofequitiesand the stabilityof fixed-income investments

mWanta coreCanadianbalanced investment





Distributionpolicy

SeriesA,Fand I

Ordinarydividends, ifany, are paid inMarchand capitalgains dividends, ifany, are paid inMay.Weautomatically


Invesco Core Canadian Balanced Class (continued)

reinvestdividends in theFund if youhold your sharesinside a registeredplan.Outside a registeredplan,weautomatically reinvestdividends unlessyou requestdividendsbychequeordirectdeposit toyourbankaccount.




m SeriesT4: 4%

m SeriesT6: 6%

m SeriesT8:8%




All other things being equal, a higher TargetDistributionRatewill result in a largeramount being distributed as areturnofcapital. Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmayresult in the return toyouof theentire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyou is not immediately taxable inyourhands, butwill reduceyourACBof the related shares.

However, if the distributions are reinvested in additionalshares of the Fund, theACBwill increaseby theamountreinvested.Where net reductions to theACBof yourshareswould result in theACBbecominganegativeamount, suchamountwill be treated as a capital gainrealizedby youand theACBof your related shareswillthenbenil. Any further net reductions toACBwillsimilarly be treated as capital gains realizedby yououtside a registeredplan.





SeriesA $23.27 $73.35 $128.57 $292.66

Series F $12.51 $39.42 $69.10 $157.29

SeriesT4 $23.37 $73.67 $129.13 $293.95

SeriesT6 $22.45 $70.77 $124.04 $282.34

SeriesT8 $22.55 $71.09 $124.60 $283.63


Invesco Core Canadian Balanced Class (continued)

Invesco Global Balanced Fund

Funddetails

Fund type Global Balanced

Securities offered SeriesA, SeriesF, SeriesHandSeries Iunits ofamutual fund trust

Startdate SeriesA:November 1, 1991Series F:November 1, 2000Series I: November 1, 2000SeriesH:October 13, 2009



SeriesA: 2.00%Series F: 1.00%Series I: negotiatedandpaid byeachSeries I investorSeriesH: 2.00%

Sub-advisors InvescoAdvisers Inc.,Atlanta,Georgia, forequityand cashportionof FundInvescoAssetManagementLimited,London, England, for fixed incomeportionof Fundand forcurrencyhedgingofSeriesHunits of theFund



InvescoGlobal BalancedFund seeks toprovide capitalgrowthand incomeover the long-termby investingprimarily in equities and high-quality fixed-incomesecurities issuedbygovernments orcorporations,anywhere in theworld.



Toachieve theseobjectives, the sub-advisor for theequityportionof theFundemploys adisciplinedqualitygrowthinvestment strategy that:


m Is focusedon identifying qualitycompanies thatpossess, orexhibit the potential for, accelerating orabove averageearningsgrowth.The teamwill then

closely examine the qualityand sustainabilityofthoseearnings


Investments for the portfolio are selected “bottom-up”ona stock-by-stockbasis.

The sub-advisor for the fixed-incomeportionof the Fundcomplements theFund’s equity portionby looking fortotal returnopportunities basedona combinationofincome, interest ratemovements, currencymovements,the overall credit environment, and the credit outlook forspecific issuers.The sub-advisors lookprimarily fordebtsecurities ratedBBBorhigher by recognized creditrating agencies.


The Fund invests onaverage, approximately 60%of itsnon-cashassets in equities and40%in fixed-incomesecurities.

The Fundhasobtained regulatoryapproval to invest up tothe following amountof its net assets invested indebtsecurities, takenatmarket value at the timeof purchase,in debt securities ofa single issuer (a) 20%where thosedebt securities are issuedorguaranteedbysupranationalagencies orgovernments (other than thegovernments ofCanada, a province or territoryofCanadaor theU.S.) andthedebt securities have aStandard&Poor’s credit ratingof “AA”orhigher (oranequivalent rating byanotherapproved credit rating organization), and (b) 35%wherethe debt securities are issuedorguaranteedbysupranational agencies orgovernments (other than thegovernments ofCanada, a provinceor territoryofCanadaor theU.S.) and the debt securities have aStandard&Poor’s credit rating of “AAA”or higher (oranequivalentrating byanotherapproved credit rating organization).

The approval is subject to the following conditions: (i)(a) and (b) abovemaynot be combined foranyone issuer;(ii) thedebt securitiesmust be tradedonamature andliquidmarket; and (iii) the acquisitionof thedebtsecuritiesmust be consistentwith the fundamentalinvestmentobjectives of theFund.

The sub-advisor responsible for the cashportionof theFundmay, in its discretion, invest someorall of the cashassets directly inmoneymarket instruments orothershort-termdebt securities.TheFundmay invest the cashportionof its assets in securities ofmoneymarket fundsthat aremanagedbyus oroneofouraffiliates orassociates. Inmaking this investmentdecision, thesub-advisorconsiders a numberof factors, including the


Fund’s requirement foraCanadian- orU.S.-dollar-denominated short-term investmentand theyield or return to the Fund.












RisksPrimary

riskSecondary

risk



Credit risk „

Currency risk „

Derivative risk „

Equity risk „





Series risk „

BecauseSeriesHalways usesderivative instruments tohedge against foreign currencyexposure, SeriesHunitsof theFundwill generally havegreater riskassociatedwith theuseofderivatives than theunits of the other


Invesco Global Balanced Fund (continued)

series of the Fund.Currency risk, as describedonpage7,will be reduced substantially forSeriesHunits of theFundbecause their portionof theFund’s foreign currencyexposurewill be hedged.Thiswill not be the case for theother series of theFundwhichhavemorediscretiononwhether tohedgeagainst foreign currencyexposure.However, therewill be circumstances, fromtime to time,where the level of hedging in respectofassetsattributable toSeriesHdoes not fully cover the foreigncurrencyexposureof theSeriesHunits of the Fund.



Investorswho:

mWant thegrowthpotential ofglobal equities and thesafetyof fixed-income investments


Investorswhowish to gainexposure to foreigninvestments butwish tominimize exposure tofluctuations in foreign currency relative to theCanadiandollar should invest in SeriesHunits of this Fund.


Distributionpolicy

Distributions of income, ifany, aremadequarterlyanddistributionsofcapital gains, ifany, aremadeannually inDecember.Weautomatically reinvestdistributions in theFund if youhold your units inside a registered plan.Outside a registeredplan,weautomatically reinvestdistributionsunlessyou requestdistributionsbychequeordirectdeposit toyourbankaccount. Distributions inU.S. dollars arepaid bycheque.




SeriesA $25.73 $81.11 $142.16 $323.60

Series F $13.33 $42.01 $73.63 $167.60

SeriesH $24.09 $75.94 $133.10 $302.97


Invesco Global Balanced Fund (continued)

Invesco Canadian Equity Growth Class(formerly InvescoCanadianEquityGrowthPrivatePool)of InvescoCorporateClass Inc.

Funddetails


Securities offered SeriesPandSeriesPFsharesofamutualfund corporation

Startdate SeriesP: June20, 2006(designatedSeriesAuntil July21, 2011;redesignatedSeriesPeffectiveJuly22, 2011) SeriesPF: June20, 2006(designatedSeries Funtil July21, 2011;redesignatedSeriesPFeffectiveJuly22, 2011)



SeriesP: 1.85%SeriesPF:0.85%

Sub-advisor InvescoAdvisers, Inc.,AtlantaGeorgia



InvescoCanadianEquityGrowthClass seeks togeneratelong-termcapital growthby investingmainly in equitysecurities of small-,medium-and large-capCanadiancompanies thatoffergrowthpotential.



Toachieve theseobjectives, the sub-advisoremploys adisciplinedqualitygrowth investment strategy that:


m Is focusedon identifying qualitycompanies thatpossess, orexhibit the potential for, accelerating orabove-average earnings growth.The teamwill thenclosely examine thequalityand sustainabilityofthose earnings

m Seeks out companies that are attractively valued andwhose stockprices donot fully reflect theseattributes

Investments for theportfolio are selected “bottom-up”ona stock-by-stockbasis.The focus is on the strengths of

individual companies, rather than sectororcountry trends.

The sub-advisorwill generally sell securities that it haspurchased (a)where the prices of such securities changesuch that theybecome tooexpensive relative to thecompany’s growthoutlook, (b)where theoriginalinvestment thesis fora company is no longer valid, or(c) foramore compelling opportunity.

Amajorityof theFund’s non-cashassetswill be investedin securities of Canadian issuers.Without changing itsfundamental investmentobjectives, the Fund is permittedto invest up to49%of its non-cashassets in foreignsecurities.Underextraordinarycircumstances, as a resultof fluctuations in thevalue of theCanadiandollar relativeto certain foreign currencies oras a result of fluctuationsin thepriceofcertainportfolio holdings, theFundmaytemporarily holdmore than49%of its non-cashassets inforeign securities, so that theFundmaynot be invested inaccordancewith its investmentobjectives. In suchcircumstances, the sub-advisorwill take steps toadjustthe portfolio investments of theFund in anorderlymanner.

The sub-advisormay, in its discretion, invest someorall ofthe cashassets directly inmoneymarket instruments orother short-termdebt securities.The Fundmay invest thecashportionof its assets in securities ofmoneymarketfunds that aremanagedbyusoroneofouraffiliates orassociates. Inmaking this investmentdecision, thesub-advisorconsiders a numberof factors, including theFund’s requirement foraCanadian- orU.S.-dollar-denominated short-term investmentand theyield orreturn to theFund.



Anyuseofderivativeswill be consistentwith theinvestmentobjectives of theFundand will complywithCanadian securities regulation, as alteredby theexemptions granted topermit theFund touse as cover(i) bonds, debentures, notes orotherevidences ofindebtedness that are liquid, floating rate debtinstruments and securities of the InvescoCanada cash


management funds; and (ii)when theFund holds a longposition in a standardized future or forwardor is entitledto receivepayments undera swap, a rightorobligation tosell anequivalentquantityof theunderlying interest ofastandardized future, forward or swap.




RisksPrimary

riskSecondary

risk


Currency risk „

Derivative risk „

Equity risk „





Series risk „




Investorswho:



mAre comfortablewithaCanadianequity fund thatmayhave substantial foreignholdings and that emphasizescompanieswith stronggrowthpotential




Distributionpolicy





SeriesP $22.35 $70.44 $123.47 $281.05

SeriesPF $11.28 $35.54 $62.30 $141.82


Invesco Canadian Equity Growth Class (continued)

Invesco Canadian Premier Growth Fund

Funddetails


Securities offered SeriesA, SeriesD, Series FandSeries Iunits ofamutual fund trust

Startdate SeriesA: January23, 1990SeriesD:August 25, 2003Series F:November 1, 2000Series I: November 15, 2002(offeredasof January28, 2002bywayofprivateplacement)SeriesDunits of this Fundare currentlyclosed tonew investors; however, existinginvestorsmaycontinue tobuySeriesDunits of this Fund inanaccount thatalreadyholdsSeriesDunits of this Fund.



SeriesA: 2.00%SeriesD: 1.60%Series F: 1.00%Series I: negotiatedandpaid byeachSeries I investor




InvescoCanadianPremierGrowthFund seeks togeneratelong-termcapital growthby investingmainly in adiversified portfolio of Canadianequity securitieswithstronggrowthpotential.





m Is focusedon identifying qualitycompanies thatpossess, orexhibit the potential for, accelerating orabove-average earnings growth.The teamwill then





Amajorityof theFund’s non-cashassetswill be investedin securities of Canadian issuers.Without changing itsfundamental investmentobjectives, the Fund is permittedto invest up to49%of its non-cashassets in foreignsecurities.Underextraordinarycircumstances, as a resultof fluctuations in thevalue of theCanadiandollar relativeto certain foreign currencies oras a result of fluctuationsin thepriceofcertainportfolio holdings, theFundmaytemporarily holdmore than49%of its non-cashassets inforeign securities, so that theFundmaynot be invested inaccordancewith its investmentobjectives. In suchcircumstances, the sub-advisorwill take steps toadjustthe portfolio investments of theFund in anorderlymanner.









RisksPrimary

riskSecondary

risk


Currency risk „

Derivative risk „

Equity risk „




Series risk „




Investorswho:






Distributionpolicy



Invesco Canadian Premier Growth Fund (continued)




SeriesA $26.45 $83.37 $146.13 $332.62

SeriesD $21.32 $67.21 $117.81 $268.16

Series F $13.22 $41.68 $73.06 $166.31


Invesco Canadian Premier Growth Fund (continued)

Invesco Canadian Premier Growth Classof InvescoCanadaFund Inc.

Funddetails



Startdate SeriesA:December31, 1994Series F:November 1, 2000Series I: August 25, 2003(offeredasof February 15, 2002bywayofprivateplacement)SeriesT4:August 14, 2008SeriesT6:August 14, 2008SeriesT8:August 14, 2008







InvescoCanadianPremierGrowthClass seeks togenerate long-termcapital growthby investingmainly inequities of small-,medium-and large-capCanadiancompanies thatoffergrowthpotential.



Toachieve theseobjectives, the sub-advisoremploys adisciplinedgrowth investment strategy that:


m Is focusedon identifying qualitycompanies thatpossess, orexhibit the potential for, accelerating orabove-average earnings growth.The teamwill then





A majorityof the Fund’s non-cash assetswill be investedin securities of Canadian issuers.Without changing itsfundamental investment objectives, the Fund ispermitted to invest up to49%of its non-cash assets inforeign securities.Underextraordinarycircumstances,as a result of fluctuations in the value of the Canadiandollar relative to certain foreign currencies oras a resultof fluctuations in the price of certain portfolio holdings,the Fundmay temporarily holdmore than49%of itsnon-cash assets in foreign securities, so that the Fundmaynot be invested in accordancewith its investmentobjectives. In such circumstances, the sub-advisor willtake steps to adjust theportfolio investments of theFund in anorderly manner.









RisksPrimary

riskSecondary

risk



Currency risk „

Derivative risk „

Equity risk „





Series risk „



As at July 5, 2011, an investor held 27.89%of the sharesof theFund. Please seeLarge transaction riskonpage 10fordetails of the risks associatedwithapossibleredemptionof these shares.


Investorswho:









Invesco Canadian Premier Growth Class (continued)

Distributionpolicy

SeriesA,Fand I





m SeriesT4: 4%

m SeriesT6: 6%

m SeriesT8:8%










SeriesA $26.14 $84.40 $144.43 $328.75

Series F $13.33 $42.01 $73.63 $167.60

SeriesT4 $24.09 $75.94 $133.10 $302.97

SeriesT6 $23.68 $74.64 $130.83 $297.81

SeriesT8 $23.68 $74.64 $130.83 $297.81


Invesco Canadian Premier Growth Class (continued)

Invesco Core Canadian Equity Classof InvescoCanadaFund Inc.

Funddetails



Startdate SeriesA:October29, 2001Series F:October29, 2001Series I: August 16, 2005




Portfoliomanagerandsub-advisor

InvescoCanadaInvescoAdvisers, Inc.,Atlanta,Georgia



InvescoCoreCanadianEquityClass seeks toachievestrong capital growthover the long termby investingmainly in equities of Canadian companies.



Toachieve theseobjectives, the Fund’s assets are dividedinto twoapproximately equal portions betweenaportfoliomanagement teamfrom InvescoCanada andaportfoliomanagement teamfromthe sub-advisor.Theseportions are rebalancedperiodically.The InvescoCanadaportfoliomanagement teamand the sub-advisoremploycomplementary investmentapproaches as ameansofmanaging riskand increasing potential return.

Forapproximatelyone-halfof the Fund’s assets, theInvescoCanadaportfoliomanagement teamtargets companies:



For thebalanceof theFund’s assets, the sub-advisoremploys adisciplinedgrowth investment strategy that:


m Is focusedprimarilyon identifying qualitycompaniesthat haveexperienced, orexhibit thepotential for,accelerating orabove averageearningsgrowthbutwhoseprices donot fully reflect these attributes

Amajorityof theFund’s non-cashassetswill be investedin securities of Canadian issuers.Without changing itsfundamental investmentobjectives, the Fund is permittedto invest up to49%of its non-cashassets in foreignsecurities.Underextraordinarycircumstances, as a resultof fluctuations in thevalue of theCanadiandollar relativeto certain foreign currencies oras a result of fluctuationsin thepriceofcertainportfolio holdings, theFundmaytemporarily holdmore than49%of its non-cashassets inforeign securities, so that theFundmaynot be invested inaccordancewith its investmentobjectives. In suchcircumstances, the portfoliomanagement teamand/orthe sub-advisorwill take steps toadjust the portfolioinvestments of theFund inanorderlymanner.




Anyuseofderivativeswill be consistentwith theinvestmentobjectives of theFundand will complywiththe requirements of Canadian securities regulation, asalteredby the exemptiongranted topermit the Fund touseas cover (i) bonds, debentures, notes orotherevidences of indebtedness that are liquid, floating rate


debt instruments and securities of the InvescoCanadacashmanagement funds; and (ii)when theFundholds alongposition in a standardized future or forwardor isentitled to receivepayments undera swap, a rightorobligation to sell anequivalentquantityof the underlyinginterest of the standardized future, forwardor swap.




RisksPrimary

riskSecondary

risk


Currency risk „

Derivative risk „

Equity risk „





Series risk „




Investorswho:







Distributionpolicy





SeriesA $24.29 $76.58 $134.23 $305.55

Series F $13.43 $42.33 $74.20 $168.89


Invesco Core Canadian Equity Class (continued)

Invesco Pure Canadian Equity Fund

Funddetails



Startdate SeriesA:August 24, 2009Series F:August 24, 2009Series I: August 24, 2009




Sub-advisors InvescoGlobal Strategies,Toronto,OntarioInvescoAdvisers, Inc.,Atlanta,Georgia, forcashportionoftheFund



InvescoPureCanadianEquity Fund seeks toachievestrong capital growthover the long termby investingsubstantiallyall of its assets inCanadianequity securities.



Toachieve theseobjectives, the sub-advisoremploys adisciplined investment strategy to find companies that:

m Aremarket leaders in their industries, are positionedforgrowth, are profitable andhave financial strength

m Have strongmanagement teams

m Are trading at attractive relativevaluations

Investments for theportfolio are selected “bottomup”ona stockbystockbasis.This approachentails a twostepprocess.The first step involves anevaluationof thefundamental characteristics ofa company.The secondstep involves avaluationassessment inorder toassesswhether the stock is trading at a discount to its intrinsicvalue and should thereforebe considered fortheportfolio.


While the Fund intends to investonly inCanadiancompanies, investmentsmayalsobemade in companiesclassified as foreign, butwhichhave a substantial portionof their business operations inCanada. Such investmentin foreign companieswill be limited to 10%of theFund’snon-cashassets.





In anticipationof, or in response to, adversemarketconditions, forcashmanagement purposes, fordefensivepurposes, for purposes ofamergerorother transaction,orwhere the portfoliomanagement team is otherwiseunable to identifyattractive investmentopportunities,


theFundmayhold all ora portionof its assets in cash,moneymarket instruments, securities ofaffiliatedmoneymarket funds, bonds orotherdebt securities. As a result,the Fundmaynot be fully invested in accordancewith itsinvestmentobjectives and, in a risingmarket, there couldbe anegative impactonperformance relative tootherfully investedmutual fundswith similarobjectives.



RisksPrimary

riskSecondary

risk



Currency risk „

Derivative risk „

Equity risk „



Series risk „



As at July5, 2011, Invesco IntactiveGrowthPortfolio andInvesco IntactiveBalancedGrowthPortfolio held,respectively, 21.77%and31.60%of theunits of the Fund.Please seeLarge transaction riskonpage 10 fordetails ofthe risks associatedwitha possible redemptionofthese units.


Investorswho:



mWantaCanadianequity investmentwithminimalforeignexposure



Distributionpolicy





SeriesA $25.11 $79.17 $138.76 $315.86

Series F $13.74 $43.30 $75.89 $172.76


Invesco Pure Canadian Equity Fund (continued)

Invesco Pure Canadian Equity Classof InvescoCorporateClass Inc.

Funddetails



Startdate SeriesA:April 16, 2007Series F:April 16, 2007Series I: April 16, 2007







InvescoPureCanadianEquityClass seeks toachievestrong capital growthover the long termby investingsubstantiallyall of its assets inCanadianequity securities.





m Have strongmanagement teams


Investments for theportfolio are selected “bottomup”ona stockbystockbasis.This approachentails a twostepprocess.The first step involves anevaluationof thefundamental characteristics ofa company.The secondstep involves avaluationassessment inorder toassesswhether the stock is trading at a discount to its intrinsicvalue and should thereforebe considered fortheportfolio.


While the Fund intends to investonly inCanadiancompanies, investmentsmayalsobemade in companiesclassified as foreign, butwhichhave a substantial portionof their business operations inCanada. Such investmentin foreign companieswill be limited to 10%of theFund’snon-cashassets.





In anticipationof, or in response to, adversemarketconditions, forcashmanagement purposes, fordefensivepurposes, for purposes ofamergerorother transaction,orwhere the portfoliomanagement team is otherwise


unable to identifyattractive investmentopportunities,theFundmayhold all ora portionof its assets in cash,moneymarket instruments, securities ofaffiliatedmoneymarket funds, bonds orotherdebt securities. As a result,the Fundmaynot be fully invested in accordancewith itsinvestmentobjectives and, in a risingmarket, there couldbe anegative impactonperformance relative tootherfully investedmutual fundswith similarobjectives.



RisksPrimary

riskSecondary

risk



Currency risk „

Derivative risk „

Equity risk „




Series risk „




Investorswho:



mWantaCanadianequity investmentwithminimalforeignexposure




Distributionpolicy





SeriesA $25.01 $78.84 $138.20 $314.57

Series F $14.15 $44.59 $78.16 $177.91


Invesco Pure Canadian Equity Class (continued)

Invesco Select Canadian Equity Fund

Funddetails


Securities offered SeriesA, SeriesD, Series F, Series I,SeriesT4,SeriesT6andSeriesT8unitsofamutual fund trust

Startdate SeriesA:November23, 1992SeriesD:August 25, 2003Series F: February 11, 2000Series I: August 25, 2003(offeredasof February 15, 2002bywayofprivateplacement)SeriesT4:August 20, 2007SeriesT6:August 20, 2007SeriesT8:August 20, 2007SeriesDunits of this Fundare currentlyclosed tonew investors; however, existinginvestorsmaycontinue tobuySeriesDunits of this Fund inanaccount thatalreadyholdsSeriesDunits of this Fund.



SeriesA: 2.00%SeriesD: 1.60%Series F: 1.00%Series I: negotiatedandpaid byeachSeries I investorSeriesT4: 2.00%SeriesT6: 2.00%SeriesT8: 2.00%




InvescoSelect CanadianEquity Fund seeks toprovidestrong capital growthwitha highdegreeof reliabilityoverthe long term.TheFund invests primarily in commonsharesofCanadian companies.



Toachieve these objectives, the sub-advisoremploys adisciplined investment strategy to find companies that:

mAremarket leaders in their industries, are positionedforgrowth, are profitable andhave financial strength

mHave strongmanagement teams

mAre trading at attractive relative valuations

Investments for the portfolio are selected “bottomup”ona stockbystockbasis.This approachentails a twostepprocess.The first step involves anevaluationof thefundamental characteristics ofa company.The secondstep involves avaluationassessment inorder toassesswhether the stock is trading at a discount to its intrinsicvalue and should therefore be considered forthe portfolio.


TheFund is permitted to invest up to49%of its non-cashassets in foreign securities.Theportfoliomanagementteamexpects that foreign securitieswill not exceed 30%of theFund’s net assets in the normal course.





Anyuseofderivativeswill be consistentwith theinvestmentobjectives of the Fundandwill complywiththe requirements ofCanadian securities regulation, asalteredby theexemptiongranted topermit theFund touse as cover (i) bonds, debentures, notesorotherevidencesof indebtedness that are liquid, floating ratedebt instruments and securities of the InvescoCanadacashmanagement funds; and (ii)when theFundholds alongposition in a standardized future or forwardor isentitled to receivepayments undera swap, a rightorobligation to sell anequivalentquantityof the underlyinginterest ofa standardized future, forwardor swap.




RisksPrimary

riskSecondary

risk



Currency risk „

Derivative risk „

Equity risk „




Series risk „




Investorswho:







Distributionpolicy

SeriesA,D, Fand I



Invesco Select Canadian Equity Fund (continued)




m SeriesT4: 4%

m SeriesT6: 6%

m SeriesT8:8%




All other things being equal, a higher TargetDistributionRatewill result in a largeramount being distributed as areturnofcapital. Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmayresult in the return toyouof theentire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyou is not immediately taxable inyourhands, butwill reduceyourACBof the relatedunits.However, if thedistributions are reinvested in additionalunits of the Fund, theACBwill increaseby theamountreinvested.Wherenet reductions to theACBof your unitswould result in theACBbecominganegative amount,suchamountwill be treated as a capital gain realizedbyyouand theACBof your relatedunitswill thenbenil. Any

furthernet reductions toACBwill similarly be treated ascapital gains realizedby yououtside a registeredplan.





SeriesA $25.00 $78.80 $138.12 $314.40

SeriesD $21.11 $66.54 $116.64 $265.49

Series F $12.30 $38.78 $67.98 $154.74

SeriesT4 $23.23 $73.24 $128.38 $292.23

SeriesT6 $23.64 $74.51 $130.61 $297.30

SeriesT8 $24.86 $78.38 $137.38 $312.71


Invesco Select Canadian Equity Fund (continued)

Invesco Select Canadian Equity Class(formerly InvescoCanadianEquityPrivatePool)of InvescoCorporateClass Inc.

Funddetails


Securities offered SeriesA, SeriesF, SeriesPandSeriesPFsharesofamutual fund corporation

Startdate SeriesA:August9, 2011Series F:August9, 2011SeriesP: June20, 2006(designatedSeriesAuntil July21, 2011;redesignatedSeriesPeffectiveJuly22, 2011)SeriesPF: June20, 2006(designatedSeries Funtil July21, 2011;redesignatedSeriesPFeffectiveJuly22, 2011)



SeriesA: 2.00%Series F: 1.00%SeriesP: 1.85%SeriesPF:0.85%




InvescoSelect CanadianEquityClass seeks to providelong-termcapital growthby investing primarily in equitysecurities of issuers located inCanada.





m Possess strongmanagement teams


Investments for the portfolio are selected “bottomup”ona stockbystockbasis.This approachentails a twostepprocess.The first step involves anevaluationof thefundamental characteristics ofa company.The secondstep involves avaluationassessment inorder toassesswhether the stock is trading at a discount to its intrinsicvalue and should therefore be considered forthe portfolio.


Amajorityof theFund’s non-cashassetswill be investedin securities of Canadian issuers.Without changing itsfundamental investmentobjectives, the Fund is permittedto invest up to49%of its non-cashassets in foreignsecurities.Theportfoliomanagement teamexpects thatforeign securitieswill not exceed30%of theFund’s netassets in the normal course.




Anyuseofderivativeswill be consistentwith theinvestmentobjectives of theFundand will complywithCanadian securities regulation, as alteredby theexemptions granted topermit theFund touse as cover(i) bonds, debentures, notes orotherevidences ofindebtedness that are liquid, floating rate debtinstruments and securities of the InvescoCanada cash


management funds; and (ii)when theFund holds a longposition in a standardized future or forwardor is entitledto receivepayments undera swap, a rightorobligation tosell anequivalentquantityof theunderlying interest ofastandardized future, forward or swap.




RisksPrimary

riskSecondary

risk



Currency risk „

Derivative risk „

Equity risk „




Series risk „




Investorswho:







Distributionpolicy



Please seeFundexpenses indirectly borneby investorsonpage60. For theassumptions required tobeused in thistable.Ouractual costsmaybehigheror lower.


SeriesP $22.35 $70.44 $123.47 $281.05

SeriesPF $11.07 $34.90 $61.17 $139.24

Wehavenot shownanexample for SeriesAandSeries Fshares of the Fundbecause these series arenew.


Invesco Select Canadian Equity Class (continued)

Invesco Emerging Markets Classof InvescoCorporateClass Inc.

Funddetails

Fund type Emergingmarketsequity






Sub-advisors InvescoAdvisers, Inc.,Atlanta,Georgia



InvescoEmergingMarketsClass seeks toachieve capitalgrowthover the long termby investing primarily in equitysecurities ofcompanies located oractive inemergingmarkets.



Toachieve theseobjectives, the sub-advisoremploys adisciplined investment strategy that utilizes avaluationrankingmethodologycombinedwith fundamentalanalysis on specific companies.The sub-advisorwilltypically identifyand invest in emergingmarket issuersthat are determined tobeattractively valued relative tothemarket and topeers basedon the company’s currentshareprice relative toexpected earnings, bookvalue, andan implied rateof return that is adjusted for risk.

Theprimary focus is on the strengths of individualcompanies, althoughsectororcountry trendsmaybeconsidered aswell.The sub-advisorconductsfundamental analysis,whichmay include communicationdirectlywith companymanagementof issuers deemed tobeoffering attractive valuations, in order todeterminethe securities that are bought or soldwithin theFund.

The sub-advisorwill generally sell securities that it haspurchased (a)where theprices of such securities change

such that theybecome tooexpensive relative toothersecurities, (b)where theoriginal investment thesis foracompany is no longer valid, or (c) foramorecompelling opportunity.

The Fundwill also attempt to reduce riskby taking stepstodiversify bycountries, sectors and rangeofcapitalizationswithin emerging markets.

The Fund ismanaged to complywith the investmentrestrictions setout inSchedule III of theRegulations tothePensionBenefitsStandardsAct,1985 (Canada)applying the provisions as if theFundwerea pensionplan.


The Fundmayusederivatives, includingoptions, swaps,forwards and futures, for thepurposesdescribed below.TheFundmayseek tohedgeagainst potential loss. Pleasevisit ourwebsite atwww.invesco.ca for summaryinformationon theFund’s currencyhedgingpositions,ifany.


Anyuseofderivativeswill be consistentwith theinvestmentobjectives of theFundand will complywiththe requirements of Canadian securities regulation.TheManager hasobtained anexemption that (i) extends thecategoryof investments that constitute cashcover forsuchderivatives to include bonds, debentures, notes orotherevidencesof indebtedness that are liquid, floatingrate debt instruments and securities of theInvescoCanada cashmanagement funds; and (ii) permitsthe Fund touseas cover,when theFundholds a longposition in a standardized futureor forwardor is entitledto receive payments undera swap, a rightorobligation tosell anequivalentquantityof the underlying interest ofthe standardized future, forwardor swap.

In anticipationof, or in response to, adversemarketconditions, forcashmanagement purposes, fordefensivepurposes, for purposes ofamergerorother transaction,


orwhere theportfoliomanagement team is otherwiseunable to identifyattractive investmentopportunities,theFundmayhold all ora portionof its assets in cash,moneymarket instruments, securities ofaffiliatedmoneymarket funds, bonds orotherdebt securities. As a result,the Fundmaynot be fully invested in accordancewith itsinvestmentobjectives and, in a risingmarket, there couldbe anegative impactonperformance relative tootherfully investedmutual fundswith similarobjectives.



Emergingmarket country securitiesmayhave smallermarket capitalizations and less liquidity than securities inmore developed countries,whichmaymake themmoredifficult to sell. Somecompaniesmayhave limitedproduct lines,markets and financial resources,whichmaymake themmorevulnerable. Securities legislation inemergingmarket countriesmaynot protect investors tothe samedegree that investors are protected inmoredevelopedcountries. Inaddition, certainemergingmarketcountriesmay limit the amountof foreign currencywhichmaybe removed fromthe country.

The Fund is also subject to the following risks:

RisksPrimary

riskSecondary

risk



Currency risk „

Derivative risk „

Equity risk „




Liquidity risk „


Series risk „

Smallercompanies risk „


Foradetailed descriptionof thesemutual fund risks, seeWhatare the specific risks of investing in amutualfund?onpages5 to 13.

As at July 5, 2011, Invesco IntactiveGrowthPortfolio andInvesco IntactiveBalancedGrowthPortfolio held,respectively, 27.62%and39.47%of the shares of theFund. Please seeLarge transaction riskonpage 10 fordetails of the risks associatedwithapossible redemptionof these shares.


Investorswho:



mWantexposure toemerging market equities




Distributionpolicy

Ordinarydividends, ifany, are paid inMarchand capitalgains dividends, ifany, are paid inMay.Weautomaticallyreinvestdividends in the Fund if youhold your shares


Invesco Emerging Markets Class (continued)

inside a registeredplan.Outside a registeredplan,weautomatically reinvestdividends unlessyou requestdividendsbychequeordirectdeposit toyourbankaccount.




SeriesA $23.99 $75.61 $132.53 $301.68

Series F $15.07 $47.50 $83.26 $189.52


Invesco Emerging Markets Class (continued)

Invesco European Growth Classof InvescoCorporateClass Inc.

Funddetails

Fund type Europeanequity

Securities offered SeriesAandSeriesFsharesofamutualfund corporation

Startdate SeriesA:November 1, 2000Series F:November 1, 2000



SeriesA: 2.00%Series F: 1.00%




InvescoEuropeanGrowthClass seeks to generate long-termcapital growthby investingmainly in equities ofcompanies inmatureEuropeanmarkets that showstronggrowthpotential.TheFundmayalso invest up to50%ofits assets in securities ofcompanies in less-developedEuropeanmarkets, theMiddle East and Africa.







Investments for theportfolio are selected “bottom-up”ona stock-by-stockbasis.The focus is on the strengths ofindividual companies, rather than sectororcountry trends.










RisksPrimary

riskSecondary

risk


Currency risk „

Derivative risk „

Equity risk „





Series risk „




Investorswho:

mWantaEuropeanequity fund that emphasizescompanieswith stronggrowthpotential





Distributionpolicy





SeriesA $30.03 $94.68 $165.95 $377.75

Series F $15.58 $49.12 $86.09 $195.96


Invesco European Growth Class (continued)

Invesco Global Growth Classof InvescoCorporateClass Inc.

Funddetails


Securities offered SeriesA, SeriesF, SeriesHandSeries Isharesofamutual fund corporation

Startdate SeriesA: September27, 1996Series F:November 1, 2000Series I: November 1, 2000SeriesH:October 13, 2009



SeriesA: 2.00%Series F: 1.00%Series I: negotiatedandpaid byeachSeries I investorSeriesH: 2.00%

Sub-advisors InvescoAdvisers, Inc.,Atlanta,GeorgiaInvescoAssetManagementLimited,London, England, forcurrencyhedgingofSeriesHsharesof theFund



InvescoGlobalGrowthClass seeks toprovide long-termcapital growthby investing primarily in global equities.











The Fundwill use derivatives, suchas options, forwardsand futures, for thepurposesdescribedbelow. ForSeriesH shares of the Fund, the currencyhedgingsub-advisorwill strive to fully hedge the foreign currencyexposureofeachcurrencyheldwithin theFund.However,thiswill likelybe impossible todoatall timesgiven, amongother things, the difficultyof hedging certain currenciesand the excessive costs of hedgingnon-standardamounts foreachcurrency.Therefore, the level ofhedgingmaynotalways fully coverormatch the foreigncurrencyexposure.Accordingly, SeriesH sharesof theFundwill generally have a return that is basedon theperformanceof theFund’s portfolio investmentsexcluding foreign currencyexposure.

Forall other series of theFund, theFundmayormaynothedge someorall of their foreign currencyexposure andthe returnon these series of shares of the Fundwillgenerally bebasedonboth theperformanceof theFunds’portfolio investments and theperformanceof the foreigncurrency inwhich these investmentswere purchasedrelative to theCanadiandollar. Pleasevisit ourwebsite atwww.invesco.ca for summary informationon theFund’scurrencyhedgingpositions other than forSeriesH, ifany.


The Fundmayusederivatives for non-hedgingpurposesinorder to invest indirectly in securities or financialmarkets or to gain exposure toothercurrencies (exceptforSeriesH sharesof theFund). If used for non-hedgingpurposes, optionswill represent nomore than 10%of thenet assets of theFund.






RisksPrimary

riskSecondary

risk


Currency risk „

Derivative risk „

Equity risk „





Series risk „

BecauseSeriesHalways usesderivative instruments tohedgeagainst foreign currencyexposure, SeriesH sharesof theFundwill generally havegreater riskassociatedwith theuseofderivatives than the sharesof theotherseries of theFund.Currency risk, as describedonpage7,will be reduced substantially for SeriesH shares of theFundbecause their portionof theFund’s foreign currencyexposurewill behedged.Thiswill not be the case for theother series of the Fundwhichhavemorediscretiononwhether tohedge against foreign currencyexposure.However, therewill be circumstances, from time to time,where the level of hedging in respectofassetsattributable toSeriesHdoesnot fullycover the foreigncurrencyexposureof theSeriesH shares of the Fund.



Investorswho:

mWanta core global equity fund that emphasizescompanieswith stronggrowthpotential




Investorswhowish togainexposure to foreign equitysecurities butwish tominimize exposure to fluctuationsin foreign currency relative to theCanadiandollar shouldinvest inSeriesH shares of this Fund.


Invesco Global Growth Class (continued)


Distributionpolicy





SeriesA $30.03 $94.68 $165.95 $377.75

Series F $14.66 $46.21 $80.99 $184.36

SeriesH $24.29 $76.58 $134.23 $305.55


Invesco Global Growth Class (continued)

Invesco International Growth Fund

Funddetails










Invesco International GrowthFund seeks toprovide long-termcapital growthbyprimarily investing inmid- andlarge-cap stocksofcompanies locatedoutside ofCanadaand theUnited States.TheFund will generally not investmore than 10%of its total assets inCanadianandU.S. companies.















In anticipationof, or in response to, adversemarketconditions, forcashmanagement purposes, fordefensivepurposes, for purposes ofamergerorother transaction,orwhere the portfoliomanagement team is otherwiseunable to identifyattractive investmentopportunities,


theFundmayhold all ora portionof its assets in cash,moneymarket instruments, securities ofaffiliatedmoneymarket funds, bonds orotherdebt securities. As a result,the Fundmaynot be fully invested in accordancewith itsinvestmentobjectives and, in a risingmarket, there couldbe anegative impactonperformance relative tootherfully investedmutual fundswith similarobjectives.



RisksPrimary

riskSecondary

risk


Currency risk „

Derivative risk „

Equity risk „




Series risk „


As at July5, 2011, Invesco IntactiveGrowthPortfolio andInvesco IntactiveBalancedGrowthPortfolio held,respectively, 24.17%and34.51%of theunits of theFund.Please seeLarge transaction riskonpage 10 fordetails ofthe risks associatedwitha possible redemptionofthese units.


Investorswho:

mWantan international equity fund that emphasizescompanieswith stronggrowthpotential


mWant todiversify their portfolio throughinternational investing



Distributionpolicy





SeriesA $27.78 $87.57 $153.49 $349.38

Series F $15.17 $47.82 $83.82 $190.81


Invesco International Growth Fund (continued)

Invesco International Growth Classof InvescoCorporateClass Inc.

Funddetails


Securities offered SeriesA, SeriesF, Series I , SeriesPandSeriesPFsharesofamutual fundcorporation

Startdate SeriesA: July 10, 2000Series F:November 1, 2000Series I: November 1, 2000SeriesP: July29, 2011SeriesPF: July29, 2011



SeriesA: 2.00%Series F: 1.00%Series I: negotiatedandpaid byeachSeries I investorSeriesP: 1.85%SeriesPF:0.85%




Invesco International GrowthClass seeks toprovide long-termcapital growthbyprimarily investing inmid- andlarge-cap stocksofcompanies locatedoutside ofCanadaand theUnited States.TheFund will generally not investmore than 10%of its total assets inCanadianandU.S. companies.


















RisksPrimary

riskSecondary

risk


Currency risk „

Derivative risk „

Equity risk „





Series risk „


As at July5, 2011, an investor held 12.70%of the shares oftheFund. Please seeLarge transaction riskonpage 10 fordetails of the risks associatedwitha possible redemptionof these shares.


Investorswho:

mWantan international equity fund that emphasizescompanieswith stronggrowthpotential


mWant todiversify their portfolio throughinternational investing




Distributionpolicy



Please seeFundexpenses indirectly borneby investorsonpage60or the assumptions required tobeused in thistable.Ouractual costsmaybehigheror lower.


SeriesA $28.09 $88.54 $155.19 $353.25

Series F $13.84 $43.62 $76.46 $174.05

Wehavenot shownanexample for Series PandSeriesPFshares of the Fundbecause these series arenew.


Invesco International Growth Class (continued)

Invesco Global Equity Fund

Funddetails










InvescoGlobal Equity Fund seeks togenerate long-termcapital growthby investing primarily in global equitiesthat are determined tobeundervalued and that have thepotential for futuregrowth.



Toachieve theseobjectives, the sub-advisoremploys adisciplined investment strategy that utilizes avaluationrankingmethodologycombinedwith fundamentalanalysis on specific companies.The sub-advisorwilltypically identifyand invest in global companies that aredetermined tobe attractively valued relative to themarket and topeers basedon the company’s currentshareprice relative toexpected earnings, bookvalue, andan implied rateof return that is adjusted for risk.

Themarket capitalizationof suchcompanieswill typicallybe inexcessofUS$1billion. Initial factors consideredwhenevaluating potential investments include:

m Acompany’s returnonequity

m Acompany’s historical earnings stability

m Balance sheet strength

Theprimary focus is on the strengthsof individualcompanies, althoughsectororcountry trendsmaybeconsidered aswell.The sub-advisormayalsocommunicate directlywith companymanagementofissuers deemed tobeoffering attractive valuations.TheFundwill invest primarily in the securities ofcompanieslocated in theUnitedStates and thedeveloped countriesofWesternEuropeand thePacific Basin.

The sub-advisorexpects that securities ofcompanieslocated indeveloping countrieswill not exceed20%ofthe Fund’s net assets, basedonmarket value at the timeof purchase, in the normal course.

The sub-advisorwill generally sell securities that it haspurchased (a)where the prices of such securities changesuch that theybecome tooexpensive relative toothersecurities, (b)where theoriginal investment thesis foracompany is no longer valid, or (c) foramorecompelling opportunity.









RisksPrimary

riskSecondary

risk


Currency risk „

Derivative risk „

Equity risk „




Series risk „


As at July5, 2011, Invesco IntactiveMaximumGrowthPortfolio, Invesco IntactiveGrowthPortfolio,Invesco IntactiveBalancedGrowthPortfolio andInvesco IntactiveBalanced IncomePortfolio held,respectively, 10.24%,26.96%, 38.31%and 10.87%of theunits of the Fund. Please see Large transaction riskonpage 10 fordetails of the risks associatedwitha possibleredemptionof theseunits.


Investorswho:

mWant long-termcapital growth





Distributionpolicy





SeriesA $26.24 $82.72 $144.99 $330.04

Series F $4.41 $13.89 $24.35 $55.44


Invesco Global Equity Fund (continued)

Invesco Global Equity Classof InvescoCorporateClass Inc.

Funddetails



Startdate SeriesA: June 11, 2007Series F: June 11, 2007Series I: June 11, 2007




Sub-advisor Invesco Advisers, Inc.,Atlanta,Georgia



InvescoGlobal EquityClass seeks togenerate long-termcapital growthby investing primarily in global equitiesthat are determined tobeundervalued and that have thepotential for futuregrowth.



Toachieve theseobjectives, the sub-advisoremploys adisciplined investment strategy that utilizes avaluationrankingmethodologycombinedwith fundamentalanalysis on specific companies.The sub-advisorwilltypically identifyand invest in global companies that aredetermined tobe attractively valued relative to themarket and topeers basedon the company’s currentshareprice relative toexpected earnings, bookvalue, andan implied rateof return that is adjusted for risk.

Themarket capitalizationof suchcompanieswill typicallybe inexcessofUS$1billion. Initial factors consideredwhenevaluating potential investments include:

m Acompany’s returnonequity

m Acompany’s historical earnings stability

m Balance sheet strength

Theprimary focus is on the strengthsof individualcompanies, althoughsectororcountry trendsmaybeconsidered aswell.The sub-advisormayalsocommunicate directlywith companymanagementofissuers deemed tobeoffering attractive valuations.TheFundwill invest primarily in the securities ofcompanieslocated in theUnitedStates and thedeveloped countriesofWesternEuropeand thePacific Basin.

The sub-advisorexpects that securities ofcompanieslocated indeveloping countrieswill not exceed20%ofthe Fund’s net assets, basedonmarket value at the timeof purchase, in the normal course.

The sub-advisorwill generally sell securities that it haspurchased (a)where the prices of such securities changesuch that theybecome tooexpensive relative toothersecurities, (b)where theoriginal investment thesis foracompany is no longer valid, or (c) foramorecompelling opportunity.









RisksPrimary

riskSecondary

risk


Currency risk „

Derivative risk „

Equity risk „





Series risk „



Investorswho:

mWant long-termcapital growth






Distributionpolicy



Please seeFundexpenses indirectly borneby investorsonpage60 for the assumptions required tobeused in thistable.Ourannual costsmaybehigheror lower.


SeriesA $25.93 $81.75 $143.29 $326.18

Series F $14.76 $46.53 $81.56 $185.65


Invesco Global Equity Class (continued)

Invesco Indo-Pacific Fund

Funddetails

Fund type AsiaPacific equity


Startdate SeriesA: September30, 1994Series F: February 11, 2000Series I: August 16, 2000(offeredasofOctober 18, 1999bywayofprivateplacement)




Sub-advisors InvescoAssetManagementLimited,London, EnglandInvescoAdvisers, Inc.,Atlanta,Georgia, forcashportionoftheFund



Invesco Indo-Pacific Fund seeks toachieve strong capitalgrowthover the long term.TheFund invests primarily inthe Indo-Pacific region.



Toachieve theseobjectives, the sub-advisor takes atop-downandbottom-upapproach toinvestmentmanagement.

The sub-advisor’s top-downapproach involves analyzingmacroandmicroeconomic conditions in thevariousAsianmarkets anddetermining theoptimal investmentallocationbetweenAsia (ex-Japan) andJapan.Theallocationsbetween regions are a functionofopportunity,liquidity, relative riskand valuationbetweenmarkets.

The sub-advisor’s bottom-upapproach is fundamentallyfocused and is the key input to the process andaprincipaldriverof stockselection.Theportfoliomanagement teamutilizes a combinationof internal proprietary research,selected externally-sourcedanalysis andextensive

companycontact.The teams seek togain an intimateunderstanding ofeachcompanybymeetingwithcompanymanagementona regular basis andbyanalyzing factors including corporate strategy, trackrecord, growthpotential and financial strength.The teamtargets companieswithearnings streams that are beingundervaluedby themarket.Theyseek tobuild a 3 to5year viewofa company’s prospects andestablishwhereconsensusmaybewrong in its assessment.





In anticipationof, or in response to, adversemarketconditions, forcashmanagement purposes, fordefensivepurposes, for purposes ofamergerorother transaction,orwhere the portfoliomanagement team is otherwiseunable to identifyattractive investmentopportunities,the Fundmayhold all ora portionof its assets in cash,moneymarket instruments, securities ofaffiliatedmoneymarket funds, bondsorotherdebt securities. As a result,


theFundmaynot be fully invested in accordancewith itsinvestmentobjectives and, in a risingmarket, there couldbe anegative impactonperformance relative tootherfully investedmutual fundswith similarobjectives.



RisksPrimary

riskSecondary

risk


Currency risk „

Derivative risk „

Equity risk „




Series risk „




Investorswho:



mWantanAsiaPacific equity investment

m Are comfortablewithaboveaverage risk


Distributionpolicy





SeriesA $29.75 $93.79 $164.39 $374.20

Series F $15.52 $48.92 $85.75 $195.19


Invesco Indo-Pacific Fund (continued)

Invesco Global Real Estate Fund

Funddetails

Fund type Real estate equity

Securities offered SeriesA, SeriesF, Series I, SeriesT4,SeriesT6andSeriesT8units ofamutualfund trust

Startdate SeriesA:November8, 2007Series F:November8, 2007Series I: November8, 2007SeriesT4:November8, 2007SeriesT6:November8, 2007SeriesT8:November8, 2007




Sub-advisors InvescoAdvisers, Inc.,Atlanta,Georgia InvescoAssetManagementLimited,London, England, excluding the cashportionof theFund



InvescoGlobal Real Estate Fund seeks togenerate a totalreturn throughcapital growthand incomeby investingprimarily in publicly listed real estate securities fromaround theworld.



Toachieve theseobjectives, the sub-advisorswill investprimarily in securities of real estate and real estate-related companies, including REITs and real estateoperating companies. REITs generally invest amajorityoftheirassets in income-producing real estate properties inorder to generate cash flow fromrental incomeandagradual asset appreciation.

TheFund considers a company tobe a real estateor realestate-relatedcompany ifat least50%of its assets, gross

incomeornet profits are attributable toownership,construction,managementor sale of residential,commercial or industrial real estate.These companiesinclude (i) REITsorother real estate operating companiesthat (a) ownproperty, (b)makeor invest in short termconstructionanddevelopmentmortgage loans, or(c) invest in long-termmortgagesormortgagepools, and(ii) companieswhoseproducts and services are related tothe real estate industry, suchasmanufacturers anddistributors of building supplies and financial institutionsthat issueor serviceofmortgages.

Whenconstructing theportfolio, the sub-advisors useafundamentals-driven investment process, including ananalysis of factors suchas real propertymarket cycle, realpropertyevaluationandmanagementand structurereview to identifycompanieswithcharacteristics including:

mQuality underlying properties

m Solidmanagement teams

mAttractivevaluations relative to peerinvestmentalternatives

TheFundmay invest its assets in debt securities to theextentdeemedappropriate by the sub-advisors andconsistentwith its investment strategies and fund type.




The Fundmayalsousederivatives for non-hedgingpurposes inorder to invest indirectly in securities orfinancialmarkets or togain exposure toothercurrencies.


If used for non-hedgingpurposes, optionswill representnomore than 10%of thenet assets of the Fund.

Anyuseofderivativeswill be consistentwith theinvestmentobjectives of the Fundandwill complywiththe requirements ofCanadian securities regulations, asalteredby theexemptionsgranted topermit the Fund touse as cover (i) bonds, debentures, notesorotherevidencesof indebtedness that are liquid, floating ratedebt instruments and securities of the InvescoCanadacashmanagement funds; and (ii)when theFundholds alongposition in a standardized future or forwardor isentitled to receivepayments undera swap, a rightorobligation to sell anequivalentquantityof the underlyinginterest ofa standardized future, forwardor swap.





In themanagementof its portfolio, the Fundmayuserepurchaseand reverse repurchase transactions andmayenter into securities lending agreements.Thesetransactionswill only bemadewithparties that areconsidered tobecreditworthyandwhere the transactionsshould earn theFundadditional returns. Foradescriptionof repurchaseand reversepurchase transactions andsecurities lending agreements, and the strategies usedbytheFund to reduce risks associatedwith thesetransactions, please see the discussionunderRepurchaseand reverse repurchase transactions and securitieslending riskonpage 11.


RisksPrimary

riskSecondary

risk

Activemanagement risk ✓

Capital depletion risk ✓

Currency risk ✓

Derivative risk ✓

Equity risk ✓

Foreign investment risk ✓

Large transaction risk ✓

REITrisk/Real estate risk ✓

Repurchaseand reverse repurchasetransactionsand securities lending risk ✓

Series risk ✓

Specialization risk ✓


As at July 5, 2011, Invesco IntactiveGrowthPortfolio andInvesco IntactiveBalancedGrowthPortfolio held,respectively, 22.17%and31.55%of theunits of theFund.Please seeLarge transaction riskonpage 10 fordetails ofthe risks associated withapossible redemptionoftheseunits.


Investorswho:

m Seek long-termgrowthpotential and income


mWant to invest in global real estate securities




Distributionpolicy

SeriesA,Fand I

Distributions, ifany, aremadeannually inDecember.Weautomatically reinvestdistributions in theFund if youholdyour units inside a registeredplan.Outside a registered


Invesco Global Real Estate Fund (continued)

plan,weautomatically reinvestdistributions unlessyourequestdistributionsbychequeordirectdeposit toyourbankaccount.


TheT-FLEXserieshavebeendesigned toprovideyouwithanaggregate annual distributionper unit that is paidmonthly (the “PlannedAnnualAmount”).ThePlannedAnnualAmount foreachT-FLEXserieswill be adjustedonce ayearbasedon theannual targetdistribution rate(the “TargetDistributionRate”) for that T-FLEXseries andtheNAVof that T-FLEXseries at theendof theprecedingyear. Details of thePlannedAnnualAmountwill beavailable fromuson request.


m SeriesT4: 4%

m SeriesT6: 6%

m SeriesT8:8%



Weautomatically reinvestdistributions in the Fund if youhold yourunits inside a registeredplan.Outside aregisteredplan, (i) anymonthlydistributionswill bemadetoyoubychequeordirectdeposit toyour bankaccountunlessyou request that suchdistributions be reinvestedin theFundand (ii)we automatically reinvest theannualdistributions, ifany, unlessyou request that suchdistributionsbepaid bychequeordirectdeposit toyourbankaccount.

All other things being equal, a higher TargetDistributionRatewill result in a largeramount being distributed as areturnofcapital. Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmayresult in the return toyouof theentire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyou is not immediately taxable inyourhands, butwill reduceyourACBof the relatedunits.However, if thedistributions are reinvested in additionalunits of the Fund, theACBwill increaseby theamountreinvested.Wherenet reductions to theACBof your units

would result in theACBbecominganegative amount,suchamountwill be treated as a capital gain realizedbyyouand theACBof your relatedunitswill thenbenil. Anyfurthernet reductions toACBwill similarly be treated ascapital gains for yououtside a registeredplan.





SeriesA $26.14 $82.40 $144.43 $328.75

Series F $15.17 $47.82 $83.82 $190.81

SeriesT4 $26.75 $84.34 $147.82 $336.49

SeriesT6 $26.55 $83.69 $146.69 $333.91

SeriesT8 $26.04 $82.08 $143.86 $327.47


Invesco Global Real Estate Fund (continued)

PowerShares Tactical Canadian Asset Allocation Fund

Funddetails


Securities offered SeriesA, SeriesF, SeriesT6andSeriesT8units ofamutual fund trust

Startdate SeriesA: September7, 2010Series F: September7, 2010SeriesT6: September7, 2010SeriesT8:September7, 2010



SeriesA: 1.50%Series F:0.50%SeriesT6: 1.50%SeriesT8: 1.50%




PowerShares Tactical CanadianAssetAllocationFundseeks togenerate capital growthand incomeover thelong-termby investing in aportfolio ofmutual funds thataremanagedby themanageroroneof its affiliates orassociates andoneormore InvescoPowerShares ETFsorETFswhichmaybemanagedbya third party.TheFundwill invest primarily in underlying fundsandETFs thatinvest inCanadian fixed incomeand equity securities.



Toachieve theseobjectives, the portfoliomanagement team:

m Allocates assets among theunderlying funds, includingETFs (the “underlying funds”), according to thefollowing ranges for theFund:

CanadianEquities 30-100%

CanadianFixed-Income 0-80%

Global/International Equities 0-20%

Global/International Fixed- Income 0-20%

Gold/Gold andSilver 0-10%

m Considers, in determining theweightingsof theunderlying funds, the index that each fundorETF isdesigned to replicate or represent

mApplies an investment process that, onamonthly basis,considers theattractivenessof theunderlying fundsbasedon three criteria: valuation, the economicenvironment, andprice trends and reversals.Theunderlying funds that theportfoliomanagement teamdetermines aremostattractivewill receive anallocation toward theupperend of its range.Thisapproachmay result in theFund concentrating itsinvestments in a specific asset category if theportfoliomanagement team is of theview that suchassetcategorywill outperformother investments onarelative basis

mMay, in its sole discretion, change the asset allocationsand/oraddor removeunderlying funds inorder tomeettheobjectives of theFund

Therewill benoduplicationofmanagement fees betweenthe Fundand theunderlying funds. SeeFundof fund feesandexpensesonpage40 formore details.

The Fundhas received relief fromcertainCanadiansecurities regulations topermit it to invest up to 10%ofits net assets takenatmarket value at the timeofpurchase in aggregate ingold, gold certificates, silver,silvercertificates, derivatives theunderlying interest ofwhichare gold and/or silverand certainGold/Silver ETFs.Gold/Silver ETFsare exchange-traded funds that seek toreplicate theperformanceofgold and/orsilveroran indexwhich seeks to replicate the performanceofgold and/orsilver.TheGold/SilverETFsmay investdirectlyorindirectly in gold, silverorderivatives the underlyinginterest ofwhich is gold and/or silver. Investments inGold/Silver ETFswill entail certain risks includingcommodity risk, index fund risk in relation to theGold/Silver ETF’s ability to replicate the performanceofan indexandderivatives risk if theGold/SilverETFuses derivatives.


Theunderlying fundsmay trade in foreign currencies and,if this is the case, theFund will seek to reduce the riskofexchange rate fluctuationsbetween the foreignandCanadiandollars byentering into currency forwardcontractswith the intention tohedgeor “lock in” theCanadiandollar price of theunderlying funds.Thesub-advisorwill not try to forecastor speculate oncurrencyexchange rate fluctuations.The securities heldby theunderlying fundsmayalso trade in foreigncurrencies. Since theFund will not behedging theCanadiandollar price of the foreign currencyexposureoftheholdings of the underlying funds, thismayexpose theFund to the riskofexchange rate fluctuationsbetweentheCanadiandollarand such foreign currencies. Inaddition to the currency forward contracts, theFundmayuseoptions, futures andotherderivatives to conduct thehedging activities described above.Thehedging activitywill not impact the foreign currencyexposureexperiencedbyanyunderlying fund.

TheFundmayalsousederivatives for non-hedgingpurposes in order to invest indirectly in securities orfinancialmarkets, to gain exposure toothercurrencies orcommodities. If used for non-hedgingpurposes, optionswill represent nomore than 10%of thenet assets oftheFund.

Anyuseofderivativeswill be consistentwith theinvestmentobjectives of the Fundandwill complywiththe requirements ofCanadian securities regulations, asalteredby theexemptionsgranted topermit the Fund to(i) enter into interest rate swaps, creditdefault swapsor, ifthe transaction is for hedgingpurposes, currencyforwards, in all caseswith a remaining term-to-maturityofgreater than threeyears; (ii) use as cover, bonds,debentures, notesorotherevidencesof indebtednessthat are liquid, floating rate debt instruments andsecurities of the InvescoCanada cashmanagementfunds; (iii) use as cover,when theFundholds a longposition in a standardized future or forwardor is entitledto receivepayments undera swap, a rightorobligation tosell anequivalentquantityof theunderlying interest ofastandardized future, forward or swap.

In preparation foramergerorother transaction, theFundmayhold all ora portionof its assets in cash,moneymarket instruments, securities ofaffiliatedmoneymarketfunds, bondsorotherdebt securities.As a result, the Fundmaynot be fully invested in accordancewith itsinvestmentobjectives.


Since theFund is a fundof funds, the risks of investing intheFund setout in the chart below includeboth the risksof investing in the Fundand the risks of investing in the

underlying funds,which theFund takes on inproportionto its investment in theunderlying funds.

RisksPrimary

riskSecondary

risk

Assetallocation risk „


Commodity risk „

Credit risk „

Currency risk „

Derivative risk „

Equity risk „

Index fund risk „



Liquidity risk „


Series risk „




Investorswho:

mWantcapital growthand incomeover the over themediumto long-term

mWantawell diversified balanced investment



SeriesT6andT8areappropriate for investorswhowantto receive regulardistributions.

Distributionpolicy

SeriesAandF

Distributionsof income, ifany, aremadequarterlyanddistributions ofcapital gains, ifany, aremadeannually inDecember. Aportionof the Fund’s quarterlydistributionsmayconsist ofa returnofcapital.The compositionof thequarterlydistributions as between incomeand amountstreated as returns ofcapitalmayvary foreachdistributionperiod.


PowerShares Tactical Canadian Asset Allocation Fund (continued)

Returnsofcapitalwill result in anencroachment uponyouroriginal investment andmay result in the return toyouof the entire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyouis not immediately taxable inyour hands, butwill reduceyourACBof the relatedunits. However, if thedistributionsare reinvested in additional units of theFund, theACBwillincrease by the amount reinvested.Where net reductionsto theACBof yourunitswould result in theACBbecominganegative amount, suchamountwill be treated as acapital gain realizedby youand theACBof your relatedunitswill thenbenil. Any further net reductions toACBwill similarly be treated as capital gains realizedbyyououtside a registeredplan.

Weautomatically reinvestdistributions in the Fund if youhold yourunits inside a registeredplan.Outside aregisteredplan,weautomatically reinvestdistributionsunlessyou requestdistributionsbychequeordirectdeposit toyourbankaccount.

Tax-efficient flexible distributionseries (the “T-FLEXseries”): SeriesT6andT8



m SeriesT6: 6%

m SeriesT8:8%



Weautomatically reinvestdistributions in the Fund if youhold yourunits inside a registeredplan.Outside aregisteredplan, (i) anymonthlydistributionswill bemadetoyoubychequeordirectdeposit toyour bankaccountunlessyou request that suchdistributions be reinvested

in theFund, and (ii)we automatically reinvest theannualdistributions, ifany, unlessyou request that suchdistributions bepaid bychequeordirectdeposit toyourbankaccount.






SeriesA $18.66 $58.81 $103.08 $234.64

Series F $7.18 $22.62 $39.65 $90.25

SeriesT6 $18.66 $58.81 $103.08 $234.64

SeriesT8 $16.81 $52.99 $92.89 $211.43


PowerShares Tactical Canadian Asset Allocation Fund (continued)

PowerShares 1-5 Year Laddered Corporate Bond Index Fund

Funddetails

Fund type Canadian short-termcorporatebond





SeriesA:0.75%Series F:0.25%Series I: negotiatedandpaid byeachSeries I investor




PowerShares 1-5Year LadderedCorporateBond IndexFund seeks to track the performanceof theDEXInvestmentGrade 1-5YearLadderedCorporateBondIndex, oranysuccessor thereto.

TheDEX InvestmentGrade 1-5Year LadderedCorporateBond IndexTM is a bond indexcomprisedonlyofCanadianinvestment-grade corporate bonds rated BBBorhigher inthe compositePC-Bond, a divisionofTMX Inc., rating.TheIndex is divided into five equallyweightedbucketswithstaggered (“laddered”)maturity levels fromone tofiveyears.

Aspart of its investmentobjective, theFund investsprimarily in the securities thatmakeup theDEXInvestmentGrade 1-5YearLadderedCorporateBondIndex, in substantially the sameproportionas the Index,as permitted.




m Usesa replication strategyor representative samplingto track, as closelyas possible, the securities and theirrespectiveweightings in theDEX InvestmentGrade 1-5Year LadderedCorporateBond Index. Representative

samplingmeans thatwemayusequantitative analysisto select certain securities fromtheunderlying index intermsof key risk factors, performanceattributes,industryweightings,market capitalizationandotherappropriate financial characteristics.Thequantityofsecurities selectedusing such samplingwill be basedonanumberof factors, including theasset size ofthe fund

m Invests directly in securities that makeup theunderlying index

mAdjusts the compositionof the Fund to reflect changesin the compositionof the underlying benchmark index

Aspart of PC-Bond’s indices thatmeasure theperformanceof theCanadian fixed-incomemarket, theDEX InvestmentGrade 1-5Year LadderedCorporateBondIndexweights securities by relativemarket capitalizationso that the returnonabond influences the returnon theIndex in proportion to thebondmarket’s value.TheDEXInvestmentGrade 1-5Year LadderedCorporateBondIndexuses a rules-basedmethodology,which changesover time to reflectmarketdevelopments.

TheDEX InvestmentGrade 1-5YearLaddered CorporateBond Index typically selects five corporate bonds foreachtermbucket fora total selectionof twenty-five corporatebonds (although this numbermayvary fromtime to time).Of the five bonds foreach termbucket, nomore thanthreebondsare selected fromthe corporate financialsector,with nomore than twoof thembeing identified asbankbonds.The remainderof the bonds for inclusion ineachbucket are selected fromthe corporate energy,corporate infrastructure and corporate communicationsector.TheDEX InvestmentGrade 1-5YearLadderedCorporateBond Indexexcludes bonds classified ascorporate securitization andasset-backed securities. Forindex inclusion in theDEX InvestmentGrade 1-5YearLadderedCorporateBond Index, securitiesmust have aminimum issue sizeof $300million and securities areselected fromtheDEXUniverseBond Index that have themost liquidity in eachbucket, as identified by total issuesize.The indexconstituents are reviewedand rebalancedannually eachJune.However, ifa constituent bond isdowngraded toa belowBBBcompositePC-Bond rating,then the indexconstituents are rebalanced as of the firstof themonthdirectly following themonth inwhichabond’s ratingwas downgraded.ThePC-Bond compositerating is derivedusing three rating agencies: DominionBondRatingService, Standard &Poor’s, andMoody’sInvestorsService. Formore information, go towww.canadianbondindices.com.The index isreconstitutedonorabout June30ofeachyearand asthatdate approaches, theFundwill hold elevated levels ofcash if theportfoliomanagement teamdetermines that


the returnoncash is similar to, or higher than, the returnonbonds in the oneyear bucket (after taking intoconsideration transaction costs associatedwith theinvestment inbonds).

Securities regulatorsmayallow indexmutual funds toexceed thenormal investment concentration limits ifrequired toallowsuch funds to track the relevant index. Inaccordancewith the regulatory requirements, the Fundmay track the index in thismanner.

TheFundmayusederivatives, suchasoptions, forwardsand futures, for non-hedgingpurposes in order to investindirectly in securities included in the index inwhich itcouldnototherwise invest.Optionswill representnomorethan 10%of thenet assets of theFund.

Anyuseofderivativeswill be consistentwith theinvestmentobjectives of the Fundandwill complywiththe requirements ofCanadian securities regulation, asalteredby theexemptiongranted topermit theFund to(i) enter into interest rate swaps, creditdefault swapsor, ifthe transaction is for hedging currencypurposes,currency forwards, in all caseswitha remainingterm-to-maturityofgreater than threeyears; (ii) use ascoverbonds, debentures, notesorotherevidences ofindebtedness that are liquid, floating rate debtinstruments and securities of the InvescoCanada cashmanagement funds; and (iii) use as cover,when theFundholds a longposition in a standardized futureor forwardor is entitled to receive payments undera swap, a right orobligation to sell anequivalentquantityof the underlyinginterest of the standardized future, forwardor swap.




RisksPrimary

riskSecondary

risk


Credit risk „

Derivative risk „

Index fund risk „




Series risk „



As at July 5, 2011, PowerSharesDiversifiedYield Fund andPowerSharesTactical BondFundheld, respectively,20.85%and 11.19%of theunits of the Fund. Please seeLarge transaction riskonpage 10 fordetails of the risksassociatedwithapossible redemptionof theseunits.


Investorswho:

mWantcurrent income

m Prefera fund that provides a fixed-income investment

mAre looking togainexposure toa short-termCanadiancorporate bondportfolio



Distributionpolicy

Distributionsof income, ifany, aremademonthlyanddistributions ofcapital gains, ifany, aremadeannually inDecember. Aportionof the Fund’smonthlydistributionsmayconsist ofa returnofcapital.The compositionof themonthlydistributions asbetweennet incomeandamounts treated as returnsofcapitalmayvary foreachdistributionperiod.

Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmay result in the return to


PowerShares 1-5 Year Laddered Corporate Bond IndexFund (continued)

youof the entire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyouis not immediately taxable inyour hands, butwill reduceyourACBof the relatedunits. However, if thedistributionsare reinvested in additional units of theFund, theACBwillincrease by the amount reinvested.Where net reductionsto theACBof yourunitswould result in theACBbecominganegative amount, suchamountwill be treated as acapital gain realizedby youand theACBof your relatedunitswill thenbenil. Any further net reductions toACBwill similarly be treated as capital gains realizedbyyououtside a registeredplan.





SeriesA $9.94 $31.35 $54.94 $125.07

Series F $3.89 $12.28 $21.52 $48.98


PowerShares 1-5 Year Laddered Corporate Bond IndexFund (continued)

PowerShares High Yield Corporate Bond Index Fund

Funddetails

Fund type Highyield corporatebond









PowerSharesHighYieldCorporateBond IndexFundseeks to track the performanceofTheBofAMerrill LynchUSHighYield 100 Indexhedged intoCanadiandollars, oranysuccessor thereto.

TheBofAMerrill LynchUSHighYield 100 Index is a bondindexcomprisedonlyofU.S. dollar-denominatedcorporate bonds ratedbetweenBB1 andCCC3, inclusive,basedonanaverageof ratings fromMoody’s InvestorsService, Standard&Poor’s, andFitchRatings, Ltd.

Aspart of its investmentobjective, theFund investsprimarily in the securities thatmakeupTheBofAMerrillLynchUSHighYield 100 Index, in substantially the sameproportionas such Index, as permitted.The Fundmayalsoinvest in an InvescoPowerSharesETF that seeks toprovide a similar return toTheBofAMerrill LynchUSHighYield 100 Index.




m Usesa replication strategyor representative samplingto track, as closelyas possible, the securities and theirrespectiveweightings inTheBofAMerrill LynchUS

HighYield 100 Index. Representative samplingmeansthatwemayusequantitative analysis to select certainsecurities fromtheunderlying index in termsof key riskfactors, performance attributes, industryweightings,market capitalizationandotherappropriate financialcharacteristics.Thequantityof securities selectedusing such samplingwill be basedonanumberoffactors, including the asset size of the fund


mAdjusts the compositionof the Fund to reflect changesin the compositionof the underlying index

mMay invest in securities ofan InvescoPowerShares ETFthat seeks investment results that correspond (beforefees andexpenses) generally to the total returnperformanceof TheBofAMerrill LynchUSHighYield100 Indexhedged intoCanadiandollars.Currently,there is no InvescoPowerShares ETF that tracks theperformanceof TheBofAMerrill LynchUSHighYield100 Index

mAs theFund is investing primarily inU.S. bonds, theFund also seeks to reduce the riskofexchange ratefluctuations between theU.S. andCanadiandollars byhedging theU.S. dollar

In order toqualify for inclusion inTheBofAMerrill LynchUSHighYield 100 Index, a bondmust: be a constituentofTheBofAMerrill LynchUSHighYieldConstrained Index;haveat least $200millionoutstanding facevalue; havearemaining term-to-finalmaturityofat least twoyears; beissued bya corporationwhoseprincipal place of businessis in theUnitedStates,Canada, theUnitedKingdomoraEuromembercountry; be ratedbetweenBB1 andCCC3,inclusive, basedonanaverageof ratings fromMoody’sInvestorsService, Standard&Poor’s andFitchRatings,Ltd.; beTRACE-eligible; andhaveapriceofUS$75orgreater.Once selected for inclusion inTheBofAMerrillLynchUSHighYield 100 Index, a securitywill remain,provided it continues tobea constituentof TheBofAMerrill LynchUSHighYieldConstrained Indexandhasaprice ofUS$50orgreater.

The 100 securities selected forTheBofAMerrill LynchUSHighYield 100 IndexonDecember31, 2004were eachassigned aweightof 1%.Thereafter, a security’sweightfloats basedon its performance relative to theotherconstituents in the Index.Whena security is removedfromthe Index, its replacementassumes the departingsecurity’sweight in the Indexat thepoint ofdeparture. Iftwoormore securities are removedatany rebalancing,the sumof their collectiveweights at thepoint of theirdeparture is split evenly betweenall of the replacement


securities.TheBofAMerrill LynchUSHighYield 100 Indexis rebalancedon the last calendardayofeachmonthbasedon informationavailable up toand including thethird business daybefore the last business dayof themonth. Securities are removed fromTheBofAMerrillLynchUSHighYield 100 Indexonly if theyno longerqualify for inclusion inTheBofAMerrill LynchUSHighYieldConstrained Indexor if their price falls belowUS$50.Replacement securities are chosen fromthoserating/sector buckets that aremost underweight relativetoTheBofAMerrill LynchUSHighYieldConstrainedIndex, giving priority to themore liquid securitieswithineachbucket basedupon the following liquiditycriteria:issuer size, security size, and time since issuanceofthe security.

Securities regulatorsmayallow indexmutual funds toexceed thenormal investment concentration limits ifrequired toallowsuch funds to track the relevant index. Inaccordancewith the regulatory requirements, the Fundmay track the index in thismanner.

TheFundwill seek to reduce the riskofexchange ratefluctuations between theU.S. andCanadiandollars byentering into currency forward contractswith theintention tohedgeor “lock in” theCanadiandollar priceof theU.S. bonds.The sub-advisorwill not try to forecastor speculate oncurrencyexchange rate fluctuations. Inaddition to the currency forward contracts, theFundmayuseoptions, futures andotherderivatives to conduct thehedging activities described above.

TheFundmayalsousederivatives for non-hedgingpurposes in order to invest indirectly in securitiesincluded in the index inwhich it could nototherwiseinvest.Optionswill represent nomore than 10%of thenetassets of the Fund.

Anyuseofderivativeswill be consistentwith theinvestmentobjectives of the Fundandwill complywiththe requirements ofCanadian securities regulation, asalteredby theexemptiongranted topermit theFund to(i) enter into interest rate swaps, creditdefault swapsor, ifthe transaction is for hedging currencypurposes,currency forwards, in all caseswitha remainingterm-to-maturityofgreater than threeyears; (ii) use ascoverbonds, debentures, notesorotherevidences ofindebtedness that are liquid, floating rate debtinstruments and securities of the InvescoCanada cashmanagement funds; and (iii) use as cover,when theFundholds a longposition in a standardized futureor forwardor is entitled to receive payments undera swap, a right orobligation to sell anequivalentquantityof the underlyinginterest of the standardized future or forwardor swap.

In preparation foramergerorother transaction, theFundmayhold all ora portionof its assets in cash,money

market instruments, securities ofaffiliatedmoneymarketfunds, bondsorotherdebt securities. As a result, the Fundmaynot be fully invested in accordancewith itsinvestmentobjectives.



Currently there is no InvescoPowerShares ETF thattracks the performanceof TheBofAMerrill LynchUSHighYield 100 Index. Should an InvescoPowerSharesETFbeoffered that tracks this indexand shouldPowerSharesHighYieldCorporateBond IndexFund invest in suchanInvescoPowerSharesETF (the “underlying fund”), thenthe risks of investing in theFundwill include both the risksof investing in theFund and theunderlying fund,whichthe Fundwill takeon inproportion to its investment in theunderlying fund.

The following chart sets out the risks of investing inthis Fund.

RisksPrimary

riskSecondary

risk


Credit risk „

Currency risk „

Derivative risk „


Index fund risk „



Liquidity risk „


Series risk „



PowerShares High Yield Corporate Bond Index Fund (continued)


As at July5, 2011, PowerSharesDiversifiedYield Fundheld51.74%of theunits of theFund. Please seeLargetransaction riskonpage 10 fordetails of the risksassociatedwitha possible redemptionof these units.


Investorswho:

mWantcurrent income

m Are looking todiversifya fixed-incomeportfoliothroughahigh-yield fixed-income investment




Distributionpolicy

Distributions of income, ifany, aremademonthlyanddistributionsofcapital gains, ifany, aremadeannually inDecember. Aportionof theFund’smonthlydistributionsmayconsist ofa returnofcapital.The compositionof themonthlydistributions as between incomeandamountstreated as returnsofcapitalmayvary foreachdistributionperiod.

Returnsofcapitalwill result in anencroachment uponyouroriginal investment andmay result in the return toyouof the entire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyouis not immediately taxable inyour hands, butwill reduceyourACBof the relatedunits. However, if thedistributionsare reinvested in additional units of theFund, theACBwillincrease by the amount reinvested.Where net reductionsto theACBof yourunitswould result in theACBbecominganegative amount, suchamountwill be treated as acapital gain realizedby youand theACBof your relatedunitswill thenbenil. Any further net reductions toACBwill similarly be treated as capital gains realizedbyyououtside a registeredplan.





SeriesA $12.82 $40.41 $70.84 $161.24

Series F $6.73 $21.21 $37.18 $84.64


PowerShares High Yield Corporate Bond Index Fund (continued)

PowerShares Real Return Bond Index Fund

Funddetails










PowerSharesRealReturnBond IndexFund seeks to tracktheperformanceof theDEXRealReturnCanadaBondIndex, oranysuccessor thereto.

TheDEXRealReturnCanadaBond Index is amarket-capitalization-weighted indexconsisting primarilyofCanadian federal real returnbonds.

Aspart of its investmentobjective, theFund investsprimarily in the securities thatmakeup theDEXRealReturnCanadaBond Index, in substantially the sameproportionas the Index, as permitted.




m Usesa replication strategyor representative samplingto track, as closelyas possible, the securities and theirrespectiveweightings in theDEXRealReturnCanadaBond Index. Representative samplingmeans thatwemayusequantitative analysis to select certainsecurities fromtheunderlying index in termsof key riskfactors, performanceattributes, industryweightings,market capitalizationandotherappropriate financialcharacteristics.Thequantityof securities selected

using such samplingwill be basedonanumberoffactors, including the asset size of the fund



TheDEXRealReturnCanadaBond Index is providedbyPC-Bond, a divisionofTMX Inc., and consists primarilyofsemi-annual pay fixed rate bonds issueddomestically inCanada anddenominated inCanadiandollars,with aminimum investment-grade rating ofBBB (low) andaremaining effective term-to-maturityofat least oneyear.

As part of PC-Bond’s indices thatmeasure theperformanceof theCanadian fixed-incomemarket, theDEXRealReturnCanadaBond Indexweights securitiesby relativemarket capitalization so that the returnonabond influences the returnon the Index inproportion tothe bondmarket’s value.TheDEXRealReturnCanadaBond Indexuses a rules-basedmethodology,whichchanges over time to reflectmarketdevelopments. Formore information, go towww.canadianbondindices.com.

Tobeeligible for inclusion in theDEXRealReturnCanadaBond Index, securitiesmust have aminimum issue sizeof$100million, be aCanadian federal bond issued inCanadiandollarswitha fixed rate real coupon, andhavearemaining term-to-maturitygreater thanoneyear. Newissues enter theDEXRealReturnCanadaBond Indexontheday theyare issued, oras soon thereafteronce it isconfirmed that theymeetall eligibilitycriteria. Securitiesare removed fromtheDEXRealReturnCanadaBondIndexon theday that their remaining term-to-maturityfalls toone calendar year.The categorizationof bondsinto the index rating categories ofAAA/AA,AandBBB isbasedon information fromtheDominionBondRatingService, Standard&Poor’s andMoody’s InvestorsService.Securities regulatorsmayallow indexmutual funds toexceed thenormal investment concentration limits ifrequired toallowsuch funds to track the relevant index. Inaccordancewith the regulatory requirements, theFundmay track the index in thismanner.

The Fundmayusederivatives, suchas options, forwardsand futures, for non-hedgingpurposes inorder to investindirectly in securities included in the index inwhich itcouldnototherwise invest.Optionswill representnomorethan 10%of thenet assets of theFund.



(i) enter into interest rate swaps, creditdefault swapsor, ifthe transaction is for hedging currencypurposes,currency forwards, in all caseswitha remainingterm-to-maturityofgreater than threeyears; (ii) use ascoverbonds, debentures, notesorotherevidences ofindebtedness that are liquid, floating rate debtinstruments and securities of the InvescoCanada cashmanagement funds; and (iii) use as cover,when theFundholds a longposition in a standardized futureor forwardor is entitled to receive payments undera swap, a right orobligation to sell anequivalentquantityof the underlyinginterest of the standardized future, forwardor swap.




RisksPrimary

riskSecondary

risk


Credit risk „

Derivative risk „

Index fund risk „



Liquidity risk „


Series risk „



As at July 5, 2011, Invesco IntactiveBalancedGrowthPortfolio and Invesco IntactiveBalanced IncomePortfolioheld, respectively, 32.52%and24.61%of theunits of theFund. Please seeLarge transaction riskonpage 10 fordetails of the risks associatedwithapossible redemptionof theseunits.


Investorswho:

mAre concerned about the long-termeffects of inflation

m Prefera fund that provides a fixed-income investment

mAre looking togainexposure toaCanadian real returnbondportfolio



Distributionpolicy

Distributionsof income, ifany, aremade semi-annuallyanddistributions ofcapital gains, ifany, aremadeannually inDecember. Aportionof theFund’s semi-annualdistributionsmayconsist ofa returnofcapital.Thecompositionof the semi-annual distributions asbetweenincomeandamounts treated as returnsofcapitalmayvary foreachdistributionperiod.

Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmay result in the return toyouof theentire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyouis not immediately taxable inyourhands, butwill reduceyourACBof the relatedunits. However, if thedistributionsare reinvested in additional units of the Fund, theACBwillincreaseby theamount reinvested.Wherenet reductionsto theACBof your unitswould result in theACBbecominganegative amount, suchamountwill be treated as acapital gain realizedbyyouand theACBof your relatedunitswill thenbenil. Any furthernet reductions toACBwill similarly be treated as capital gains realized by yououtside a registeredplan.

Weautomatically reinvestdistributions in theFund if youhold your units inside a registeredplan.Outside aregisteredplan,weautomatically reinvestdistributionsunlessyou requestdistributions bychequeordirectdeposit toyour bankaccount.


PowerShares Real Return Bond Index Fund (continued)




SeriesA $10.04 $31.65 $55.47 $126.26

Series F $3.93 $12.40 $21.73 $49.47


PowerShares Real Return Bond Index Fund (continued)

PowerShares Tactical Bond Capital Yield Classof InvescoCorporateClass Inc.

Funddetails


Securities offered SeriesA , Series F, SeriesF4, Series F6,Series I, SeriesT4andSeriesT6sharesofamutual fund corporation

Startdate SeriesA: September7, 2010Series F: September7, 2010Series F4:August 9, 2011Series F6:August9, 2011Series I: September7, 2010SeriesT4: September7, 2010SeriesT6: September7, 2010



SeriesA:0.85%Series F:0.35%Series F4:0.35%Series F6:0.35%Series I: negotiatedandpaid byeachSeries I investorSeriesT4:0.85%SeriesT6:0.85%




PowerShares Tactical BondCapital YieldClass seeks toprovide returns (before fees and expenses) similar tothoseofPowerShares Tactical BondFund ona tax-efficient basis.




mWill invest inCanadianequity securities (the “equityportfolio”) and will enter into forward contracts underwhich itwill sell the equity portfolio fora pricedeterminedwith reference to thenet asset valueofPowerSharesTactical BondFund (the“reference fund”)

mWill enter into forward contractswithoneormorefinancial institutions called counterparties.Under thetermsof the forward contracts entered intoby theFund, theFund will agree todeliveratmaturityof theforward contracts theequity portfolio in return foracashpaymentdeterminedby reference to thenet assetvalueof the reference fund

mMay, at any time, terminate all or part ofa forwardcontract prior to itsmaturity inorder to funddistributionsor redemptions of its securities or topayfundexpenses.The counterpartymayonly terminate aforward contract prior to itsmaturity upon theoccurrenceofcertain events

mMay reduceoreliminate its investment in theequityportfolio and reduceoreliminate its use of forwardcontracts correspondingly, and instead invest insecurities similar to thoseheld by the reference fundwhere the portfoliomanagement teambelieves it isadvantageous to the Fund’s investors

The returnof the Fundwill not precisely track the returnof the reference funddue toanumberof factors,including the costs of, and the timingof theimplementationof, the forward contracts andwhere theportfoliomanagement teamhas reducedoreliminated itsinvestment in the equity portfolio and instead invested insecurities similar to thoseheld by the reference fund.

The Fundwill achieve its investmentobjectives throughtheuseof forward contracts, a typeofderivativeinstrument, as discussed above.

Anyuseofderivativeswill be consistentwith theinvestmentobjectives of theFundand will complywiththe requirements of Canadian securities regulation, asalteredby the exemptiongranted topermit the Fund to(i) enter into interest rate swaps, credit default swaps or, ifthe transaction is for hedging currencypurposes,currency forwards, in all caseswitha remainingterm-to-maturityofgreater than threeyears; (ii) use ascover bonds, debentures, notes orotherevidencesofindebtedness that are liquid, floating rate debtinstruments and securities of the InvescoCanada cashmanagement funds; and (iii) use as cover,when the Fundholds a longposition in a standardized future or forwardor is entitled to receivepayments undera swap, a rightorobligation to sell anequivalentquantityof theunderlyinginterest of the standardized futureor forwardor swap.

In preparation foramergerorother transaction, theFundmayhold all ora portionof its assets in cash,moneymarket instruments, securities ofaffiliatedmoneymarketfunds, bondsorotherdebt securities. As a result, the Fund


maynot be fully invested in accordancewith itsinvestmentobjectives.



Mostof theFund’s assetswill be invested in equitysecurities and forward contracts that provide a returndeterminedwith reference to the performanceof thereference fundandan investor is therefore subject to thesame risks as an investor in the reference fund. If theFund’s counterparties default on theirobligationsunderthe forward contracts, all ora portionof theequityportfoliowill no longerbe subject to forward contractsresulting in exposureof investors to risks inherent inequity securities thatwould not be present in a traditionalfixed-income investment. Also, theFund’s returnswouldno longer bedeterminedwith reference to theperformanceof the reference fund. In suchcase, the Fundwill sell that portionof theequity portfolio that is nolonger subject to forward contracts andwill invest theproceeds in adiversified portfolio of fixed incomeandequity securities until such timeas the proceeds canbereinvested in equities that are subject toforward contracts.

RisksPrimary

riskSecondary

risk




Credit risk „

Derivative risk „

Equity risk „


Index fund risk „



Liquidity risk „


Series risk „


Taxation risk „


During thepast year, the Fund’s holdings ofcommonshares ofCeltic ExplorationLtd. exceeded 10%of theFund’s net assets toamaximum level of 10.17%.Holdingsin excess of 10%of thenet assets inone issuermaysubject the Fund to the risks describedunderConcentration riskonpage6.


Investorswho:

mAre seeking an income-oriented investmentandarelooking for tax-efficientmonthly income

mAre seeking tax-efficient exposure toa core fixed-incomeholding diversified by typeof fixed-incomesecurity


mWanta fixed-income investment thatwill shiftallocations basedonmarket conditions




PowerShares Tactical Bond Capital Yield Class (continued)

TheFund is notanappropriate investmentforregistered taxplans because thoseplansareindifferent to the tax treatmentof returns providedbytheFundand theFund is expected toprovide lower pre-tax returns thana fixed-income funddue to thecostsofentering into forwardcontracts.


Series F4, F6,T4andT6areappropriate for investorswhowant to receive regulardistributions.

Distributionpolicy

SeriesA,Fand I

Ordinarydividends, ifany, are paid inMarchand capitalgains dividends, ifany, are paid inMay.Weautomaticallyreinvestdividends in theFund if youhold your sharesinside a registeredplan.Outside a registeredplan,weautomatically reinvestdividends unlessyou request suchdividendsbychequeordirectdeposit toyourbankaccount.

Tax-efficient flexible distributionseries (the “T-FLEXseries”): SeriesF4,F6,T4andT6



m Series F4andT4: 4%

m Series F6andT6: 6%



Weautomatically reinvestdividendsand returnsofcapitalin theFund if youhold your shares inside a registeredplan.Outside a registeredplan, (i) anymonthlyordinary

dividendswill be paid and/ormonthly returnsofcapitalwill bemade toyoubychequeordirectdeposit toyourbankaccount unlessyou request that suchdividends andreturns ofcapital be reinvested in theFund, and (ii)weautomatically reinvest theannual additional ordinarydividends, ifany, and the annual capital gains dividends, ifany, unlessyou request that suchdividends bepaid bychequeordirectdeposit toyourbankaccount.

All other things being equal, a higher TargetDistributionRatewill result in a largeramount beingdistributed as areturnofcapital. Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmayresult in the return toyouof the entire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyou is not immediately taxable inyourhands, butwill reduceyourACBof the related shares.However, if the distributions are reinvested in additionalshares of the Fund, theACBwill increaseby theamountreinvested.Where net reductions to theACBof yourshareswould result in theACBbecominganegativeamount, suchamountwill be treated as a capital gainrealizedby youand theACBof your related shareswillthenbenil. Any further net reductions toACBwillsimilarly be treated as capital gains realizedby yououtside a registeredplan.





SeriesA $11.17 $35.22 $61.74 $140.53

Series F $5.02 $15.83 $27.75 $63.17

SeriesT4 $10.97 $34.58 $60.60 $137.95

SeriesT6 $1.38 $5.87 $2.87 $43.10

Wehavenot shownanexample for Series F4andSeries F6 sharesof theFundbecause these seriesare new.


PowerShares Tactical Bond Capital Yield Class (continued)

PowerShares Tactical Bond Fund

Funddetails



Startdate SeriesA: September7, 2010Series F: September7, 2010Series I: September7, 2010







PowerSharesTactical BondFund seeks togenerateincomeand capital growthover the long-termbyinvesting in aportfolio ofmutual funds that aremanagedby themanageroroneof its affiliates orassociates andoneormore InvescoPowerSharesETFs orETFswhichmaybemanagedbya third party.The Fundwill investprimarily in underlying funds andETFs that invest infixed-incomesecurities.




mAllocates assets among theunderlying funds, includingETFs (the “underlying funds”), according to thefollowing ranges for the Fund:

CanadianCorporateBonds 30-90%

CanadianLong-TermGovernmentBonds 15-50%

CanadianRealReturnBonds 0-15%

HighYieldCorporateBonds 0-20%

Global/International Fixed- Income 0-10%

Gold/Gold andSilver 0-10%

m Considers, in determining theweightingsof theunderlying funds, the index that each fundorETF isdesigned to replicate or represent

mApplies an investment process that, onamonthly basis,considers theattractivenessof theunderlying fundsbasedon three criteria: valuation, the economicenvironment, andprice trends and reversals.Theunderlying funds that theportfoliomanagement teamdetermines aremostattractivewill receive anallocation toward theupperend of its range.Thisapproachmay result in theFund concentrating itsinvestments in a specific typeof fixed-incomeordebtsecurity if theportfoliomanagement team is of theview that such fixed-incomeordebt securitywilloutperformother investments ona relative basis

mMay, in its sole discretion, change the asset allocationsand/oraddor removeunderlying funds inorder tomeettheobjectives of theFund


The Fundhas received relief fromcertainCanadiansecurities regulations topermit it to invest up to 10%ofits net assets takenatmarket value at the timeofpurchase in aggregate ingold, gold certificates, silver,silvercertificates, derivatives theunderlying interest ofwhichare gold and/or silverand certainGold/Silver ETFs.Gold/Silver ETFsare exchange-traded funds that seek toreplicate theperformanceofgold and/orsilveroran indexwhich seeks to replicate the performanceofgold and/orsilver.TheGold/SilverETFsmay investdirectlyorindirectly in gold, silverorderivatives the underlyinginterest ofwhich is gold and/or silver. Investments inGold/Silver ETFswill entail certain risks includingcommodity risk, index fund risk in relation to the


Gold/SilverETF’s ability to replicate theperformanceofan indexandderivatives risk if theGold/Silver ETFusesderivatives.

Theunderlying fundsmay trade in foreign currencies and,if this is the case, theFund will seek to reduce the riskofexchange rate fluctuationsbetween the foreignandCanadiandollars byentering into currency forwardcontractswith the intention tohedgeor “lock in” theCanadiandollar price of theunderlying funds.Thesub-advisorwill not try to forecastor speculate oncurrencyexchange rate fluctuations.The securities heldby theunderlying fundsmayalso trade in foreigncurrencies. Since theFund will not behedging theCanadiandollar price of the foreign currencyexposureoftheholdings of the underlying funds, thismayexpose theFund to the riskofexchange rate fluctuationsbetweentheCanadiandollarand such foreign currencies. Inaddition to the currency forward contracts, theFundmayuseoptions, futures andotherderivatives to conduct thehedging activities described above.Thehedging activitywill not impact the foreign currencyexposureexperiencedbyanyunderlying fund.

TheFundmayalsousederivatives for non-hedgingpurposes in order to invest indirectly in securities orfinancialmarkets, to gain exposure toothercurrencies orcommodities. If used for non-hedgingpurposes, optionswill represent nomore than 10%of thenet assets oftheFund.

Anyuseofderivativeswill be consistentwith theinvestmentobjectives of the Fundandwill complywiththe requirements ofCanadian securities regulations, asalteredby theexemptionsgranted topermit the Fund to(i) enter into interest rate swaps, creditdefault swapsor, ifthe transaction is for hedgingpurposes, currencyforwards, in all caseswith a remaining term-to-maturityofgreater than threeyears; (ii) use as cover, bonds,debentures, notesorotherevidencesof indebtednessthat are liquid, floating rate debt instruments andsecurities of the InvescoCanada cashmanagementfunds; (iii) use as cover,when theFundholds a longposition in a standardized future or forwardor is entitledto receivepayments undera swap, a rightorobligation tosell anequivalentquantityof theunderlying interest ofastandardized future, forward or swap.



Since theFund is a fundof funds, the risks of investinginclude both the risks of investing in theFundaswell asthe risks of investing in theunderlying funds,which theFund takes on inproportion to its investment in theunderlying funds.

RisksPrimary

riskSecondary

risk


Commodity risk „

Credit risk „

Currency risk „

Derivative risk „

Index fund risk „



Liquidity risk „

Repurchaseand reverse repurchasetransactionsand securities risk „

Series risk „



As at July 5, 2011, an investor held 70.79%of theunits ofthe Fund. Please seeLarge transaction riskonpage 10 fordetails of the risks associatedwithapossible redemptionof theseunits.


Investorswho:

mAre registered investors seeking a core fixed-incomeholding diversified by typeof fixed-incomesecurity


mWanta fixed-income investment thatwill shiftallocations basedonmarket conditions


ThisFundcanonlybepurchasedby investors inregisteredplansand, at InvescoCanada’s discretion,by institutional investors. Ifwedetermine that there isanyother typeof investment in this Fund,wewillautomaticallyswitch the investment into sharesof


PowerShares Tactical Bond Fund (continued)

PowerSharesTacticalBondCapitalYieldClass at thenetassetvalueperunitof thePowerSharesTacticalBondFundat the date of theswitch.


Distributionpolicy

Distributions of income, ifany, aremademonthlyanddistributionsofcapital gains, ifany, aremadeannually inDecember.Weautomatically reinvestdistributions in theFund if youhold your units inside a registered plan.Outside a registeredplan,weautomatically reinvestdistributionsunlessyou requestdistributionsbychequeordirectdeposit toyourbankaccount.




SeriesA $11.79 $37.16 $65.13 $148.26

Series F $5.84 $18.42 $32.28 $73.49


PowerShares Tactical Bond Fund (continued)

PowerShares Canadian Dividend Index Classof InvescoCorporateClass Inc.

Funddetails

Fund type Canadiandividend


Startdate SeriesA:November 16, 2009Series F:November 16, 2009Series I: November 16, 2009







PowerSharesCanadianDividend IndexClass seeks totrack the performanceof the Indxis Select CanadianDividend Indexoranysuccessor thereto.

The Indxis Select CanadianDividend Indexcomprisescompanies incorporated inCanada, tradedonamajorCanadianexchangeandhaving stable or increasingannual regulardividendpayments for thepast five ormore consecutiveyears.

Aspart of its investmentobjective, theFund investsprimarily in the securities thatmakeup the Indxis SelectCanadianDividend Index in substantially the sameproportionas the index, as permitted.




m Usesa replication strategyor representative samplingto track, as closelyas possible, the securities and theirrespectiveweightings in the Indxis Select CanadianDividend Index. Representative samplingmeans thatwemayusequantitative analysis to select certainsecurities fromtheunderlying index in termsof key riskfactors, performanceattributes, industryweightings,

market capitalizationandotherappropriate financialcharacteristics.Thequantityof securities selectedusing such samplingwill be basedonanumberoffactors, including the asset size of the fund



Securities regulatorsmayallow indexmutual funds toexceed thenormal investment concentration limits ifrequired toallowsuch funds to track the relevant index. Inaccordancewith the regulatory requirements, theFundmay track the index in thismanner.

The Fundmayusederivatives suchasoptions, forwardsand futures, for non-hedgingpurposes inorder to investindirectly in securities included in the index inwhich itcould nototherwise invest.


In preparation foramergerorother transaction, theFundmayhold all ora portionof its assets in cash,moneymarket instruments, securities ofaffiliatedmoneymarketfunds, bondsorotherdebt securities. As a result, the Fundmaynot be fully invested in accordancewith itsinvestmentobjectives.




RisksPrimary

riskSecondary

risk


Derivative risk „

Equity risk „


Index fund risk „



Series risk „



As at July5, 2011, PowerSharesDiversifiedYield Fundheld 19.21%of the shares of theFund. Please seeLargetransaction riskonpage 10 fordetails of the risksassociatedwitha possible redemptionof these shares.


Investorswho:


m Are looking fora coreCanadianequity fund thatfocuses ondividend-paying companies

m Prefera fund that seeks to track theperformanceofthe Indxis Select CanadianDividend Index





Distributionpolicy

Ordinarydividends, ifany, are paid quarterlyand capitalgains dividends, ifany, are paid inMay.Aportionof theFund’s quarterlydistributionmayconsist ofa returnofcapital.The compositionof thequarterlydistributions as

betweenordinarydividends andamounts treated asreturns ofcapitalmayvary foreachdistributionperiod.

Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmay result in the return toyouof theentire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyouis not immediately taxable inyourhands, butwill reduceyourACBof the related shares.However, if thedistributions are reinvested in additional sharesof theFund, theACBwill increase by theamount reinvested.Wherenet reductions to theACBof your shareswouldresult in theACBbecominganegative amount, suchamountwill be treated as a capital gain realizedbyyouand theACBof your related shareswill thenbenil. Anyfurthernet reductions toACBwill similarly be treated ascapital gains realizedby yououtside a registeredplan.

Weautomatically reinvestdividendsand returnsofcapitalin theFund if youhold your shares inside a registeredplan.Outside a registeredplan,weautomatically reinvestdividends and returns ofcapital unlessyou request suchdividends and returns ofcapital bychequeordirectdeposit toyour bankaccount.




SeriesA $18.45 $58.16 $101.95 $232.06

Series F $6.66 $21.00 $36.81 $83.80


PowerShares Canadian Dividend Index Class (continued)

PowerShares Canadian Preferred Share Index Classof InvescoCorporateClass Inc.

Funddetails

Fund type Canadianpreferredequity

Securities offered SeriesA , Series FandSeries I sharesofamutual fund corporation








PowerSharesCanadianPreferredShare IndexClass seeksto track theperformanceof the Indxis Select CanadianPreferredShare Index, oranysuccessor thereto.

The Indxis Select CanadianPreferred Share Index is anindexcomprisedof select preferred sharesofCanadiancompanies that tradeon theTorontoStockExchange (TSX).

Aspart of its investmentobjective, theFund investsprimarily in the securities thatmakeup the Indxis SelectCanadianPreferredShare Index, in substantially the sameproportionas the Index, as permitted.




m Usesa replication strategyor representative samplingto track, as closelyas possible, the securities and theirrespectiveweightings in the Indxis Select CanadianPreferredShare Index. Representative sampling meansthatwemayusequantitative analysis to select certainsecurities fromtheunderlying index in termsof key riskfactors, performanceattributes, industryweightings,market capitalizationandotherappropriate financial

characteristics.Thequantityof securities selectedusing such samplingwill be basedonanumberoffactors, including the asset size of the fund



Aspart of the Indxis’ indices thatmeasure theperformanceof theCanadianpreferred equitymarket,the Indxis Select CanadianPreferredShare Indexweightssecurities by relativemarket capitalization.

For inclusion in the Indxis Select CanadianPreferredShare Index, securitiesmust be preferred sharesofcompanies that are incorporated inCanadaand tradeontheTSX; the securitiesmust haveamediandailycashvolumeofC$50,000ormore inNovemberandDecemberprior to trading onJanuary 15; and theymust tradeatleast 90%of theavailable trading days. For issuerswithmore than three issues of preferred shares, theirsecurities are rankedby the last twomonths’medianvolume, and the top three securities are included in thelist ofeligible issues for inclusion in the Index.The IndxisSelect CanadianPreferredShare Index then sorts theconstituents in ascendingorder bymarket capital, andthe top 50 securities are selected for inclusion in theIndex.The indexconstituents are reviewedonamonthlybasis to ensure that theymeet index inclusionrequirements for rebalancingpurposes and the Index isreconstituted annually.

Securities regulatorsmayallow indexmutual funds toexceed thenormal investment concentration limits ifrequired toallowsuch funds to track the relevant index. Inaccordancewith the regulatory requirements, theFundmay track the Index in thismanner.

The Fundmayusederivatives, suchas options, forwardsand futures, for non-hedgingpurposes inorder to investindirectly in securities included in index inwhich it couldnototherwise invest.Optionswill represent nomore than10%of thenet assets of the Fund.

Anyuseofderivativeswill be consistentwith theinvestmentobjectives of theFundand will complywiththe requirements of Canadian securities regulation, asalteredby the exemptiongranted topermit the Fund touseas cover (i) bonds, debentures, notes orotherevidences of indebtedness that are liquid, floating ratedebt instruments and securities of the InvescoCanadacashmanagement funds; and (ii)when theFundholds alongposition in a standardized futureor forwardor isentitled to receive payments undera swap, a right or


obligation to sell anequivalentquantityof the underlyinginterest of the standardized future, forwardor swap.




RisksPrimary

riskSecondary

risk


Credit risk „

Derivative risk „

Equity risk „


Index fund risk „


Liquidity risk „

Preferred share risk „


Series risk „



As at July5, 2011, PowerSharesDiversifiedYield FundandInvesco IntactiveBalancedGrowthPortfolio held,respectively, 13.71%and 10.82%of the shares of theFund.Please seeLarge transaction riskonpage 10 fordetails ofthe risks associatedwitha possible redemptionofthese shares.


Investorswho:

mWant togenerate incomeandmodest capital growthover the long term

mAre looking foraCanadian fund that focuses ondividend-payingpreferred securities





Distributionpolicy

Ordinarydividends, ifany, are paid quarterlyand capitalgains dividends, ifany, are paid inMay. Aportionof theFund’s quarterlydistributionmayconsist ofa returnofcapital.The compositionof thequarterlydistributions asbetweenordinarydividends andamounts treated asreturns ofcapitalmayvary foreachdistributionperiod.

Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmay result in the return toyouof theentire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyouis not immediately taxable inyourhands, butwill reduceyourACBof the related shares.However, if thedistributions are reinvested in additional sharesof theFund, theACBwill increase by theamount reinvested.Wherenet reductions to theACBof your shareswouldresult in theACBbecominganegative amount, suchamountwill be treated as a capital gain realizedbyyouand theACBof your related shareswill thenbenil. Anyfurthernet reductions toACBwill similarly be treated ascapital gains realizedby yououtside a registeredplan.

Weautomatically reinvestdividendsand returnsofcapitalin theFund if youhold your shares inside a registeredplan.Outside a registeredplan,weautomatically reinvestdividends and returns ofcapital unlessyou request suchdividends and returns ofcapital bychequeordirectdeposit toyour bankaccount.


PowerShares Canadian Preferred Share Index Class (continued)




SeriesA $18.04 $56.87 $99.68 $226.91

Series F $6.05 $19.06 $33.42 $76.06


PowerShares Canadian Preferred Share Index Class (continued)

PowerShares Diversified Yield Fund

Funddetails

Fund type CanadianNeutral Balanced

Securities offered SeriesA, SeriesF, SeriesT6andSeriesT8units ofamutual fund trust

Startdate SeriesA: January 19, 2010Series F: January 19, 2010SeriesT6: January 19, 2010SeriesT8: January 19, 2010



SeriesA: 1.40%Series F:0.40%SeriesT6: 1.40%SeriesT8: 1.40%




PowerSharesDiversifiedYield Fund seeks to achievehighincomeand long-termcapital growthby investing in aportfolio ofmutual funds that aremanagedby themanageroroneof its affiliates orassociates,which investin fixed-incomeandhigh-yielding equity securities.




m Allocates assets among the followingunderlying funds,all ofwhicharemanagedbyusoroneofouraffiliates orassociates, according to the strategic target allocationsfor the Fund:

PowerShares 1-5YearLadderedCorporateBond IndexFund(Series I units) 35%

PowerSharesHighYieldCorporateBond IndexFund(Series I units) 15%

PowerSharesCanadianDividend IndexClass(Series I units) 30%

PowerSharesCanadianPreferredShare IndexClass(Series I units) 20%

mMonitors and rebalances theFund’s assets to thestrategic target allocations

m Considers, in determining theallocations, eachunderlying fund’s investmentobjectives and strategies,past performance andhistorical volatility

mMay, in its sole discretion, change the strategic targetallocations and/oraddor removeunderlying funds inorder tomeet theobjectives of theFund

m TheFundwill typically invest nomore than30%of itsnet assets in foreign securities


Formore informationon thePowerShares 1-5YearLadderedCorporateBond IndexFund, seepage225; forPowerSharesHighYieldCorporateBond IndexFund, seepage228; for PowerSharesCanadianPreferredShareIndexClass, seepage242; PowerSharesCanadianDividend IndexClass, seepage240.

TheFundmayusederivatives for non-hedgingpurposesinorder to invest indirectly in securities or financialmarkets or to gain exposure toothercurrencies.Optionswill represent nomore than 10%of thenet assets ofthe Fund.

Anyuseofderivativeswill be consistentwith theinvestmentobjectives of theFundand will complywiththe requirements of Canadian securities regulation, asalteredby the exemptiongranted topermit the Fund to(i) enter into interest rate swaps, credit default swaps or, ifthe transaction is for hedging currencypurposes,currency forwards, in all caseswitha remainingterm-to-maturityofgreater than threeyears; (ii) use ascover bonds, debentures, notes orotherevidencesofindebtedness that are liquid, floating rate debtinstruments and securities of the InvescoCanada cashmanagement funds; and (iii) use as cover,when the Fund


holds a longposition in a standardized futureor forwardor is entitled to receive payments undera swap, a right orobligation to sell anequivalentquantityof the underlyinginterest of the standardized future, forwardor swap.



Since theFund is a fundof funds, the risks of investingincludeboth the risks of investing in the Fundaswell asthe risks of investing in the underlying funds,which theFund takeson inproportion to its investment in theunderlying funds.

RisksPrimary

riskSecondary

risk


Credit risk „

Currency risk „

Derivative risk „

Equity risk „


Index fund risk „



Liquidity risk „

Preferred share risk „

Series risk „




Investorswho:

mWant togenerate incomeand modest capital growthover the long term

m Are looking forawell-diversified corehigh-income fundthat focuseson fixed-incomesecurities anddividend-payingCanadian companies





Distributionpolicy

SeriesAandF


Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmay result in the return toyouof theentire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyouis not immediately taxable inyourhands, butwill reduceyourACBof the relatedunits. However, if thedistributionsare reinvested in additional units of the Fund, theACBwillincreaseby theamount reinvested.Wherenet reductionsto theACBof your unitswould result in theACBbecominganegative amount, suchamountwill be treated as acapital gain realizedbyyouand theACBof your relatedunitswill thenbenil. Any furthernet reductions toACBwill similarly be treated as capital gains realized by yououtside a registeredplan.

Weautomatically reinvestdistributions in theFund if youhold your units inside a registeredplan.Outside aregisteredplan,weautomatically reinvestdistributionsunlessyou requestdistributions bychequeordirectdeposit toyour bankaccount.

Tax-efficient flexible distributionseries (the“T-FLEXseries”): SeriesT6andT8



PowerShares Diversified Yield Fund (continued)


m SeriesT6: 6%

m SeriesT8:8%









SeriesA $17.10 $53.91 $94.50 $215.11

Series F $5.60 $17.66 $30.96 $70.48

SeriesT6 $17.29 $54.52 $95.56 $217.52

SeriesT8 $17.26 $54.41 $95.36 $217.08


PowerShares Diversified Yield Fund (continued)

PowerShares Global Dividend Achievers Fund

Funddetails


Securities offered SeriesAandSeriesFunits ofamutualfund trust

Startdate SeriesA: January 19, 2010Series F: January 19, 2010



SeriesA: 1.05%Series F:0.05%(Theunderlying InvescoPowerSharesETFs currentlychargeamanagement feeof0.50%, so theeffectivemanagementfee is approximately 1.55%forSeriesAand0.55%forSeries F)




PowerSharesGlobalDividendAchievers Fund seeks toprovide a return that is similar to the returnofoneormore InvescoPowerSharesETFs that invest primarily individend-paying equities fromdevelopedmarkets globally.




m Allocates assets among the followingunderlying funds,all ofwhicharemanagedbyusoroneofouraffiliates orassociates, according to the strategic target allocationsfor the Fund:

PowerSharesDividendAchieversTM Portfolio 50%

PowerShares InternationalDividendAchieversTM Portfolio 50%

mMonitors and rebalances the Fund’s assets to thestrategic target allocations




AsPowerSharesDividendAchieversPortfolio andPowerShares International DividendAchieversPortfolio(the “underlying funds”) are traded inU.S. dollars, theFundalso seeks to reduce the riskofexchange ratefluctuationsbetween theU.S. andCanadiandollars byhedging theU.S. dollar.Thehedging activitywill notimpact the foreign currencyexposure experiencedby theunderlying funds.

Investmentobjectiveof theunderlying funds

The investmentobjectiveof theunderlying funds is toseek investment results that correspondgenerally to theprice andyield (before fees and expenses) of theBroadDividendAchieversTM Indexand the International DividendAchieversTM Index.

Investment strategiesof theunderlying funds

The investment strategies ofPowerSharesDividendAchieversPortfolio (the “DividendFund”) includeinvesting at least 80%of its total assets in commonstocks ofcompanies that are incorporated in theUnitedStates oroneof its territories, tradeon theNYSE, theNASDAQorNYSEAmexandhave raised theirannualregularcashdividendpayments forat least eachof thelast 10 consecutive fiscal years.TheDividendFundwillnormally invest at least 90%of its total assets individend-paying commonstocks that comprise theBroadDividendAchievers Index (the “Broad Index”).TheBroadIndex is comprisedof stocks selected principallyon thebasis of theirconsecutiveyears ofdividendgrowthasidentified byMergent, Inc. (“Mergent”) pursuant toaproprietary selectionmethodologyand it is anticipatedthat a small portionof the stockswill include small- andmedium-capitalization stocks. Indxis,Mergent’ssubsidiaryand the indexprovider, rebalances the indexonaquarterly basis using amodifiedmarketmethodology.

The investment strategies ofPowerShares InternationalDividendAchieversPortfolio (the “International DividendFund”) include investing in at least 90%of its total assetsinGlobalDepositaryReceipts (“GDRs”) andAmericanDepositaryReceipts (“ADRs”) that are listedon the


LondonStockExchange, in addition toADRsandnon-U.S.commonorordinary stocks tradedon theNYSE, theNASDAQorNYSEAmexofcompanies that haveincreased theiraggregate annual regulardividendpayments consistentlyover the courseof the last fivecalendaror fiscal years.The International DividendFundwill normally invest at least 90%of its total assets individendpaying commonstocks that comprise theInternationalDividendAchievers Index (the“InternationalIndex”).The International Index is comprisedof stocksselectedprincipallyon thebasis of their consecutiveyears ofdividendgrowthas identified byMergent,pursuant to aproprietary selectionmethodologyand it isanticipated that a small portionof the stockswill includesmall- andmedium-capitalization stocks. Indxis,Mergent’s subsidiaryand the indexprovider, rebalancesthe indexonaquarterly basis using a dividendyieldweightedmethodology.

TheFundwill seek to reduce the riskofexchange ratefluctuations between theU.S. andCanadiandollars byentering into currency forward contractswith theintention tohedgeor “lock in” theCanadiandollar priceof theunderlying funds.The sub-advisorwill not try toforecastor speculate oncurrencyexchange ratefluctuations. In addition to the currency forwardcontracts, theFundmayuseoptions, futures andotherderivatives to conduct the hedging activities describedabove.Thehedging activitywill not impact the foreigncurrencyexposure experiencedbyanyunderlying fund.

Anyuseofderivativeswill be consistentwith theinvestmentobjectives of the Fundandwill complywiththe requirements ofCanadian securities regulation.



Since theFund is a fundof funds, the risks of investing intheFund setout in the chart below includeboth the risksof investing in the Fundand the risks of investing in theunderlying funds,which the Fund takeson inproportionto its investment in the underlying funds.

RisksPrimary

riskSecondary

risk

Currency risk „

Derivative risk „

Equity risk „


Index fund risk „


Liquidity risk „

Series risk „

Tracking risk „



Investorswho:


mWantexposure toglobal dividend-paying equities




Distributionpolicy


Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmay result in the return toyouof theentire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyouis not immediately taxable inyourhands, butwill reduceyourACBof the relatedunits. However, if thedistributionsare reinvested in additional units of the Fund, theACBwillincreaseby theamount reinvested.Wherenet reductionsto theACBof your unitswould result in theACBbecominganegative amount, suchamountwill be treated as acapital gain realizedbyyouand theACBof your relatedunitswill thenbenil. Any furthernet reductions toACB


PowerShares Global Dividend Achievers Fund (continued)

will similarly be treated as capital gains realizedbyyououtside a registeredplan.





SeriesA $19.07 $60.10 $105.35 $239.80

Series F $7.48 $23.59 $41.35 $94.11


PowerShares Global Dividend Achievers Fund (continued)

PowerShares FTSE RAFI» Canadian FundamentalIndex Classof InvescoCorporateClass Inc.

Funddetails



Startdate SeriesA:November 16, 2009Series F:November 16, 2009Series I: November 16, 2009







PowerShares FTSERAFICanadianFundamental IndexClass seeks to track theperformanceof the FTSERAFICanada Index, oranysuccessor thereto.

TheFTSERAFICanada Indexcomprises companiesincorporated inCanadawith thehighest fundamentalweightings.The indexweights constituents using fouraccounting factors, rather thanmarket capitalization.These four factors includedividends, cash flow, sales andbookvalue.

Aspart of its investmentobjective, theFund investsprimarily in the securities thatmakeup the FTSERAFICanada Index in substantially the sameproportionas theindex, as permitted.




m Usesa replication strategyor representative samplingto track, as closelyas possible, the securities and theirrespectiveweightings in theFTSERAFICanada Index.Representative sampling means thatwemayuse

quantitative analysis to select certain securities fromtheunderlying index in termsof key risk factors,performanceattributes, industryweightings,marketcapitalizationandotherappropriate financialcharacteristics.Thequantityof securities selectedusing such samplingwill be basedonanumberoffactors, including the asset size of the fund



TheFTSERAFICanada Index is part of theFTSERAFIIndexSeries, launched inassociationwithResearchAffiliates. Aspart of FTSEGroup’s rangeof non-marketcapweighted indices, theFTSERAFI IndexSeriesweightsindexconstituents using four fundamental factors, ratherthanmarket capitalization.These factors includedividends, cash flow, sales andbookvalue.TheFTSERAFICanada Indexcomprises theCanadianstocks representedamongst the constituents of theFTSERAFIGlobal exUS1000 Index,which in turn comprises the 1000nonU.S.-listed companieswith the largest fundamental value,selected fromthe constituents of theFTSEDevelopedexUS Index.

Stocks in theFTSERAFICanada Indexare free-floatweighted toensure thatonly the investable opportunityset is includedwithin the index.The Index is transparent,independentlygovernedandprovides investors freelyavailable index rules, overseenbyan independentcommittee of leadingmarket professionals.Themethodology for FTSERAFICanada Index includesusingthe audited dollar values ofcash flow, bookvalue, totalsales andgross dividend toderive eachconstituent indexweight. Prices,which canbeprone to speculation, arenota componentof theweights. As the fundamentalweightings are regularly reviewedat the index revieweachMarch, the constituentweights are less affectedbymarket bubbles that canover-exposean investor toindividual companies, sectors orcountries. Formoreinformationgo towww.ftse.com/rafi.

Securities regulatorsmayallow indexmutual funds toexceed thenormal investment concentration limits ifrequired toallowsuch funds to track the relevant index. Inaccordancewith the regulatory requirements, theFundmay track the index in thismanner.

The Fundmayusederivatives suchasoptions, forwardsand futures, for non-hedgingpurposes inorder to investindirectly in securities included in the index inwhich it


could nototherwise invest. If used for non-hedgingpurposes, optionswill represent nomore than 10%of thenet assets of the Fund.





RisksPrimary

riskSecondary

risk

Derivative risk „

Equity risk „


Index fund risk „



Series risk „



As at July 5, 2011, Invesco IntactiveBalancedGrowthPortfolio held 10.25%of the sharesof theFund. PleaseseeLarge transaction riskonpage 10 fordetails of therisks associatedwithapossible redemptionofthese shares.


Investorswho:


m Prefera fund that seeks to track the performanceoftheFTSERAFICanada Index

mAre looking fora coreCanadianequity fund thatfocusesonestablished companies





Distributionpolicy





SeriesA $18.86 $59.46 $104.21 $237.22

Series F $6.87 $21.65 $37.95 $86.38


PowerShares FTSE RAFI» Canadian FundamentalIndex Class (continued)

PowerShares FTSE RAFI» Emerging MarketsFundamental Classof InvescoCorporateClass Inc.

Funddetails

Fund type EmergingMarkets Equity





SeriesA: 1.05%Series F:0.05%(Theunderlying InvescoPowerSharesETFcurrentlychargesamanagement feeof0.85%, so theeffectivemanagementfee is approximately 1.9%forSeriesAand0.9%forSeries F)




PowerShares FTSERAFIEmergingMarkets FundamentalClass seeks toprovide a return that is similar to the returnofoneormore InvescoPowerShares ETFs that investprimarily in issuers engaged inemergingmarkets.



Toachieve theseobjectives, the Fund seeks to invest insecurities of PowerShares FTSERAFI EmergingMarketsPortfolio (the “underlying fund”). As theunderlying fundis traded inU.S. dollars, theFund also seeks to reduce theriskofexchange rate fluctuations between theU.S. andCanadiandollars byhedging theU.S. dollar.Thehedgingactivitywill not impact the foreign currencyexposureexperiencedby theunderlying fund.

Therewill be noduplicationofmanagement feesbetweentheFundand theunderlying fund. SeeFundof fund feesandexpensesonpage40 formoredetails.

Investmentobjectiveof theunderlying fund

The investmentobjectiveof theunderlying fund is to seekinvestment results that correspond (before fees andexpenses) generally to theprice andyield of theFTSERAFI Emerging Index (the “underlying index”).

Investment strategiesof theunderlying fund

The investment strategies of theunderlying fund includeinvesting at least 90%of its total assets in securities thatcomprise theunderlying indexandAmericanDepositaryReceipts (“ADRs”) andGlobalDepositaryReceipts(“GDRs”) basedon the securities in the underlying index.Theunderlying fundanticipates that a significant portionof the its investmentswill be inADRsandGDRsbasedonthe securities included in theunderlying index.Theunderlying fundwill normally invest at least 80%of itstotal assets in securities ofcompanies that are classifiedas emergingmarketswithin FTSE International Limited’s(“FTSE”) countryclassificationdefinition.Theunderlyingindex is designed to track theperformanceof theemergingmarket securitieswith thehighest rankingcumulative score, selected fromthe constituents of theFTSEEmerging Index, as determinedbyFTSE.Thesecurities are selected andweightedbasedon thefollowing four fundamentalmeasures of firmsize: bookvalue, cash flow, sales anddividends.

The Fundwill seek to reduce the riskofexchange ratefluctuationsbetween theU.S. andCanadiandollars byentering into currency forward contractswith theintention tohedgeor “lock in” theCanadiandollar priceof theunderlying fund.The sub-advisorwill not try toforecastor speculate oncurrencyexchange ratefluctuations. In addition to the currency forwardcontracts, theFundmayuseoptions, futures andotherderivatives to conduct thehedging activities describedabove.Thehedging activitywill not impact the foreigncurrencyexposure experienced by theunderlying fund.

Anyuseofderivativeswill be consistentwith theinvestmentobjectives of theFundand will complywiththe requirements ofCanadian securities regulation.


Since theFund is a fundof funds, the risks of investing inthe Fund set out in the chart below includeboth the risksof investing in theFund and the risks of investing in theunderlying fund,which theFund takes on inproportion toits investment in the underlying fund.


RisksPrimary

riskSecondary

risk

Currency risk „

Derivative risk „

Equity risk „



Index fund risk „


Liquidity risk „

Series risk „


Tracking risk „



Investorswho:


mWantexposure to emergingmarkets





Distributionpolicy





SeriesA $21.73 $68.50 $120.07 $273.32

Series F $10.15 $31.99 $56.07 $127.63


PowerShares FTSE RAFI» Emerging MarketsFundamental Class (continued)

PowerShares FTSE RAFI» Global+ Fundamental Fund

Funddetails






SeriesA: 1.05%Series F:0.05%(Theunderlying InvescoPowerSharesETFs chargedifferentmanagement fees.Basedon their targetallocations, theirblendedmanagement fee is currently0.63%so theeffectivemanagement feeis approximately 1.68%forSeriesAand0.68%forSeries F)




PowerShares FTSERAFIGlobal+Fundamental Fund seeksto provide a return that is similar to the returnofoneormore InvescoPowerSharesETFs that invest primarily incompanieswith thehighest fundamentalweightingsacross bothdeveloped andemergingmarkets globally.




m Allocates assets among the followingunderlying funds,all ofwhicharemanagedbyusoroneofouraffiliates orassociates, according to the following strategic targetallocations for the Fund:

PowerShares FTSERAFIUS 1000Portfolio 38%

PowerShares FTSERAFIDevelopedMarketsex-U.S. Portfolio 53%

PowerShares FTSERAFIEmergingMarketsPortfolio 9%

mMonitors and rebalances theFund’s assets tocorrespond to the regionalweights ofanappropriateglobal equity index




AsPowerShares FTSERAFIUS 1000Portfolio,PowerShares FTSERAFIDevelopedMarkets ex-U.S.Portfolio andPowerShares FTSERAFI EmergingMarketsPortfolio (the “underlying funds”) are traded inU.S.dollars, the Fundalso seeks to reduce the riskofexchangerate fluctuations between theU.S. andCanadiandollarsbyhedging theU.S. dollar.Thehedging activitywill notimpact the foreign currencyexposure experiencedby theunderlying funds.

Investmentobjectiveof theunderlying funds

The investmentobjectiveof theunderlying funds is toseek investment results that correspond (before fees andexpenses) generally to theprice andyield of theFTSERAFIUS 1000 Index, theFTSERAFIDevelopedexUS 1000Index, and the FTSERAFIEmerging Index.

Investment strategiesof theunderlying funds

PowerShares FTSERAFIUS 1000Portfoliowill normallyinvest at least 90%of its total assets in commonstocksthat comprise theFTSERAFIUS 1000 Index (the “USIndex”).The equities are selected andweightedbased onthe following four fundamentalmeasures ofcompanysize: bookvalue, cash flow, sales anddividends.TheUSIndexconsists of the top 1,000U.S. equities ranked bythese four fundamentalmeasures.TheUS Index iscompiled and calculatedbyFTSE International Limited inconjunctionwithResearchAffiliates», LLC, theindexproviders.

PowerShares FTSERAFIDevelopedMarkets ex-U.S.Portfolio (the “DevelopedMarkets Fund”)will normallyinvest at least 90%of its total assets in securities thatcomprise theFTSERAFIDevelopedexUS 1000 Index (the“DevelopedMarkets Index”) andAmericanDepositaryReceipts (“ADRs”) andGlobalDepositaryReceipts(“GDRs”) basedon the securities in theDevelopedMarkets Index.TheDevelopedMarkets Fundanticipates


that themajorityof its investmentswill be in thesecurities that comprise theDevelopedMarkets Indexrather than inADRsandGDRs.TheDeveloped MarketsFundwill normally invest at least 80%of its total assets insecurities ofcompanies originating in countries that areclassified as “developed”within FTSE’s countryclassificationdefinition, excluding theUnited States.Theequities are selected and weightedbasedon the followingfour fundamentalmeasuresofcompanysize: bookvalue,cash flow, sales anddividends.TheDevelopedMarketsIndexcomprises the largest 1,000non-U.S.-listedcompanies by fundamental value, selected fromtheconstituents of the FTSEDeveloped exUS Index.TheDevelopedMarkets Index is compiled and calculatedbyFTSE International Limited in conjunctionwithResearchAffiliates, LLC, the indexproviders.

PowerShares FTSERAFIEmergingMarketsPortfolio (the“EmergingMarkets Fund”)will normally invest at least90%of its total assets in securities that comprise theFTSERAFIEmerging Index (“Emerging Index”) andADRsandGDRsbasedon the securities in theEmerging Index.TheEmergingMarkets Fundanticipates that a significantportionof its investmentswill be inADRsandGDRsbasedon the securities included in theEmerging Index.TheEmergingMarkets Fundwill normally invest at least 80%of its total assets in securities ofcompanies that areclassified as “emergingmarkets”within FTSE’s countryclassificationdefinition.TheEmerging Index is designedtoprovide investorswitha tool to enable investment inemergingmarkets.Theequities are selected andweightedbasedon the following four fundamentalmeasures ofcompanysize: bookvalue, cash flow, salesanddividends.TheEmerging Indexconsists of 357companieswhichare selected fromthe constituents oftheFTSEEmerging Index.TheEmerging Index is compiledand calculatedbyFTSE International Limited inconjunctionwithResearchAffiliates, LLC, theindexproviders.

TheFundwill seek to reduce the riskofexchange ratefluctuations between theU.S. andCanadiandollars byentering into currency forward contractswith theintention tohedgeor “lock in” theCanadiandollar priceof theunderlying funds.The sub-advisorwill not try toforecastor speculate oncurrencyexchange ratefluctuations. In addition to the currency forwardcontracts, theFundmayuseoptions, futures andotherderivatives to conduct the hedging activities describedabove.Thehedging activitywill not impact the foreigncurrencyexposure experiencedbyanyunderlying fund.




Since theFund is a fundof funds, the risks of investing inthe Fund set out in the chart below includeboth the risksof investing in theFund and the risks of investing in theunderlying funds,which theFund takes on inproportionto its investment in theunderlying funds.

RisksPrimary

riskSecondary

risk

Currency risk „

Derivative risk „

Equity risk „


Index fund risk „


Liquidity risk „

Series risk „

Tracking risk „



Investorswho:


mWantawell diversified global equity investment




Distributionpolicy

Distributionsof incomeand capital gains, ifany, aremadeannually inDecember.Weautomatically reinvestdistributions in theFund if youhold your units inside aregisteredplan.Outside a registeredplan,weautomatically reinvestdistributionsunlessyou request


PowerShares FTSE RAFI» Global+ Fundamental Fund (continued)

distributionsbychequeordirectdeposit toyourbankaccount.




SeriesA $19.58 $61.72 $108.18 $246.24

Series F $7.89 $24.88 $43.61 $99.27


PowerShares FTSE RAFI» Global+ Fundamental Fund (continued)

PowerShares FTSE RAFI» U.S. Fundamental Fund

Funddetails










PowerShares FTSERAFIU.S. Fundamental Fund seeks toprovide a return that is similar to the returnofoneormore InvescoPowerSharesETFs that invest primarily inthe largestU.S. equity stocks.



Toachieve theseobjectives, the Fund seeks to invest insecurities of PowerShares FTSERAFIUS 1000Portfolio(the “underlying fund”). As theunderlying fund is tradedinU.S. dollars, theFundalso seeks to reduce the riskofexchange rate fluctuationsbetween theU.S. andCanadiandollars byhedging theU.S. dollar.Thehedgingactivitywill not impact the foreign currencyexposureexperiencedby theunderlying fund.



The investmentobjective of the underlying fund is to seekinvestment results that correspond (before fees and

expenses) generally to theprice andyield performanceofthe FTSERAFIUS 1000 IndexTM (the “underlying index”).


The investment strategies of theunderlying fund includeinvesting at least 90%of its total assets in commonstocks that comprise theunderlying index.Theequitiesare selected andweightedbasedon the following fourfundamentalmeasures ofcompanysize: bookvalue, cashflow, sales anddividends.Theunderlying indexconsists ofthe top 1,000U.S.equities rankedby these fourfundamentalmeasures.Theunderlying index is compiledand calculatedbyFTSE International Limited inconjunctionwithResearchAffiliates», LLC, theindexproviders.





Since theFund is a fundof funds, the risks of investing inthe Fund set out in the chart below includeboth the risksof investing in theFund and theunderlying fund,whichthe Fund takes on inproportion to its investment in theunderlying fund.


RisksPrimary

riskSecondary

risk

Currency risk „

Derivative risk „

Equity risk „


Index fund risk „


Liquidity risk „

Series risk „


Tracking risk „



Investorswho:


mWantexposure toU.S.equities




Distributionpolicy

Distributions of incomeand capital gains, ifany, aremadeannually inDecember.Weautomatically reinvestdistributions in theFund if youhold yourunits inside aregisteredplan.Outside a registeredplan,weautomatically reinvestdistributions unlessyou requestdistributionsbychequeordirectdeposit toyourbankaccount.




SeriesA $17.22 $54.29 $95.15 $216.59

Series F $5.54 $17.45 $30.58 $69.62


PowerShares FTSE RAFI» U.S. Fundamental Fund (continued)

PowerShares Global Agriculture Classof InvescoCorporateClass Inc.

Funddetails

Fund type Specialty









PowerSharesGlobalAgricultureClass seeks toprovide areturn that is similar to the returnofoneormoreInvescoPowerShares ETFs that invest primarily in issuerslocated anywhere in theworld engaged in the agricultureor farming industries, orwhoprovidegoodsand/orservices to companies engaged in such industry sectors.



Toachieve theseobjectives, the Fund seeks to invest insecurities of PowerSharesGlobalAgriculturePortfolio(the “underlying fund”). As theunderlying fund is tradedinU.S. dollars, theFundalso seeks to reduce the riskofexchange rate fluctuationsbetween theU.S. andCanadiandollars byhedging theU.S. dollar.Thehedgingactivitywill not impact the foreign currencyexposureexperiencedby theunderlying fund.



The investmentobjectiveof theunderlying fund is to seekinvestment results that correspond (before fees andexpenses) generally to theprice andyield performanceoftheNASDAQOMXGlobalAgriculture IndexSM (the“underlying index”).


The investment strategies of theunderlying fund includeinvesting at least 90%of its total assets in the securitiesthat comprise theunderlying indexandAmericanDepositaryReceipts (“ADRs”) andGlobalDepositaryReceipts (“GDRs”) basedon the securities in theunderlying index.Theunderlying fundanticipates that themajorityof its investmentswill be in the securities thatcomprise theunderlying index rather than inADRsandGDRs.Theunderlying fund invests at least80%of its totalassets in securities ofcompanies involved in theagriculture industryand farming-related activities.Theunderlying index is designed tomeasure theoverallperformanceofglobally traded securities of the largestandmost liquid companies involved in the agricultureindustryand farming-related activities, and is calculatedandmaintainedbyTheNASDAQOMXGroup, Inc.






RisksPrimary

riskSecondary

risk

Commodity risk „


Currency risk „

Derivative risk „

Equity risk „



Index fund risk „


Series risk „



Tracking risk „



Investorswho:


mWantexposure to companies involved in theagricultural sector





Distributionpolicy





SeriesA $20.50 $64.63 $113.28 $257.85

Series F $8.92 $28.11 $49.27 $112.16


PowerShares Global Agriculture Class (continued)

PowerShares Global Clean Energy Classof InvescoCorporateClass Inc.

Funddetails

Fund type Specialty









PowerSharesGlobal CleanEnergyClass seeks toprovidea return that is similar to the returnofoneormoreInvescoPowerShares ETFs that invest primarily in issuerslocated anywhere in theworld engaged in cleanerenergyand conservation.



Toachieve theseobjectives, the Fund seeks to invest insecurities of PowerSharesGlobal CleanEnergyPortfolio(the “underlying fund”). As theunderlying fund is tradedinU.S. dollars, theFundalso seeks to reduce the riskofexchange rate fluctuationsbetween theU.S. andCanadiandollars byhedging theU.S. dollar.Thehedgingactivitywill not impact the foreign currencyexposureexperiencedby theunderlying fund.




expenses) generally to theprice andyield of theWilderHillNewEnergyGlobal Innovation Index (the“underlying index”).


The investment strategies of theunderlying fund includeinvesting at least 90%of its total assets in the securitiesthat comprise theunderlying indexandAmericanDepositaryReceipts (“ADRs”) andGlobalDepositaryReceipts (“GDRs”) basedon the securities in theunderlying index.Theunderlying fundanticipates that themajorityof its investmentswill be in the securities thatcomprise theunderlying index rather than inADRsandGDRs.Theunderlying fundwill normally invest at least80%of its total assets in securities ofcompaniesengaged in thebusiness of theadvancementofcleanerenergyand conservationandADRsbasedon thesecurities in the underlying index.Theunderlying index isan indexcomprisedprimarilyofcompanieswhosetechnologies focus on thegenerationanduseofcleanerenergy, conservationandefficiency, and theadvancementof renewable energy ingeneral, asdeterminedbyWilderHill NewEnergyFinance, LLC.Theunderlying index is comprisedmainlyofcompanies inwind, solar, biofuels, hydro,waveand tidal, geothermalandother relevant renewable energybusinesses. It alsoincludes companies involved in energyconversion,storage, conservation, efficiency,materials, pollutioncontrol, emerginghydrogenand fuel cells.






RisksPrimary

riskSecondary

risk

Commodity risk „


Currency risk „

Derivative risk „

Equity risk „



Index fund risk „


Liquidity risk „

Series risk „



Tracking risk „



Investorswho:


mWantexposure to companies engaged in the businessof the advancementofcleanerenergyand conservation





Distributionpolicy





SeriesA $20.91 $65.92 $115.54 $263.00

Series F $9.23 $29.08 $50.97 $116.03


PowerShares Global Clean Energy Class (continued)

PowerShares Global Gold and Precious Metals Classof InvescoCorporateClass Inc.

Funddetails

Fund type PreciousMetals









PowerSharesGlobalGoldandPreciousMetalsClass seeksto provide a return that is similar to the returnofoneormore InvescoPowerSharesETFs that invest primarily inissuers located anywhere in theworld engaged ingoldandother preciousmetalsmining industry sectors.



Toachieve theseobjectives, the Fund seeks to invest insecurities of PowerSharesGlobalGold andPreciousMetals Portfolio (the “underlying fund”). As theunderlying fund is traded inU.S. dollars, the Fundalsoseeks to reduce the riskofexchange rate fluctuationsbetween theU.S. andCanadiandollars byhedging theU.S. dollar.Thehedging activitywill not impact the foreigncurrencyexposure experiencedby theunderlying fund.




expenses) generally to theprice andyield performanceoftheNASDAQOMXGlobalGold&PreciousMetals IndexSM

(the “underlying index”).


The investment strategies of theunderlying fund includeinvesting at least 90%of its total assets in the securitiesthat comprise theunderlying indexandAmericanDepositaryReceipts (“ADRs”) andGlobalDepositaryReceipts (“GDRs”) basedon the securities in theunderlying index.Theunderlying fundanticipates that themajorityof its investmentswill be in the securities thatcomprise theunderlying index rather than inADRsandGDRs.Theunderlying fundwill normally invest at least80%of its total assets in securitiesofcompanies involvedin thegold andother preciousmetalsmining industries.Theunderlying index is designed tomeasure theoverallperformanceofglobally traded securities of the largestandmost liquid companies involved ingold andotherpreciousmetalsmining-related activities and iscalculated andmaintainedbyTheNASDAQOMXGroup, Inc.






RisksPrimary

riskSecondary

risk

Commodity risk „


Currency risk „

Derivative risk „

Equity risk „



Index fund risk „


Series risk „



Tracking risk „



Investorswho:


mWantexposure to companies involved in thegold andpreciousmetals sectors





Distributionpolicy





SeriesA $20.81 $65.60 $114.97 $261.71

Series F $9.12 $28.76 $50.41 $114.74


PowerShares Global Gold and Precious Metals Class (continued)

PowerShares Global Water Classof InvescoCorporateClass Inc.

Funddetails

Fund type Specialty









PowerSharesGlobalWaterClass seeks toprovidea returnthat is similar to the returnofoneormoreInvescoPowerShares ETFs that invest primarily in issuerslocated anywhere in theworld engaged in thewater industry.



Toachieve theseobjectives, the Fund seeks to invest insecurities of PowerSharesGlobalWaterPortfolio (the“underlying fund”). As theunderlying fund is traded inU.S. dollars, the Fundalso seeks to reduce the riskofexchange rate fluctuationsbetween theU.S. andCanadiandollars byhedging theU.S. dollar.Thehedgingactivitywill not impact the foreign currencyexposureexperiencedby theunderlying fund.




expenses) generally to theprice andyield performanceofthePalisadesGlobalWater Index (the “underlying index”).


The investment strategies of theunderlying fund includeinvesting at least 90%of its total assets in securities thatcomprise theunderlying indexandAmericanDepositaryReceipts (“ADRs”) andand GlobalDepositaryReceipts(“GDRs”) basedon the securities in the underlying index.Theunderlying fundanticipates that themajorityof itsinvestmentswill be in the securities that comprise theunderlying index rather than inADRsand GDRs.Theunderlying fundwill normally invest at least 80%of itstotal assets in securities ofcompanies thatgenerate atleast 50%of their revenue fromwaterorwater-relatedactivities.Theunderlying index is amodified equal-dollarweighted indexcomprisedof publicly tradedglobalwatercompanies listedonmajor international stockexchangeswhosebusiness stands tobenefit substantially fromthequantityand/orquality issues associatedwith theglobalmanagementofwater resources.The components of theunderlying indexare selectedbasedon theobjectiveofproviding a representative indicatorof the globalwaterbusiness.Theunderlying indexwas createdby, and is atrademarkof, PalisadesWater IndexAssociates, LLC.






RisksPrimary

riskSecondary

risk

Commodity risk „


Currency risk „

Derivative risk „

Equity risk „



Index fund risk „


Liquidity risk „

Series risk „



Tracking risk „



Investorswho:


mWantexposure to companies expected tobenefit fromthequantityand/orquality issues associatedwith theglobalmanagementofwater resources





Distributionpolicy





SeriesA $20.60 $64.95 $113.84 $259.14

Series F $9.12 $28.76 $50.41 $114.74


PowerShares Global Water Class (continued)

PowerShares Golden Dragon China Classof InvescoCorporateClass Inc.

Funddetails

Fund type ChineseEquity









PowerSharesGoldenDragonChinaClass seeks toprovidea return that is similar to the returnofoneormoreInvescoPowerShares ETFs that invest primarily inChina.



Toachieve theseobjectives, the Fund seeks to invest insecurities of PowerSharesGoldenDragonHalterUSXChinaPortfolio (the “underlying fund”). As theunderlyingfund is traded inU.S. dollars, theFundalso seeks to reducethe riskofexchange rate fluctuations between theU.S.andCanadiandollars byhedging theU.S. dollar.Thehedging activitywill not impact the foreign currencyexposure experiencedby theunderlying fund.



The investmentobjective of the underlying fund is to seekinvestment results that correspondgenerally to thepriceandyield (before the Fund’s fees andexpenses) of theHalterUSXChina IndexSM (the “underlying index”).


The investment strategies of theunderlying fund includeinvesting at least 80%of its total assets in equitysecurities ofcompanies deriving amajorityof theirrevenues fromthePeople’s Republic ofChina (“China”).Theunderlying fundwill normally invest at least 90%ofits total assets in equity securities that comprise theunderlying index.Theunderlying index is currentlycomprisedof 173U.S.exchange-listed stocks ofcompanies thatderive amajorityof their revenues fromChina.Theunderlying index is designed toprovide accessto theuniqueeconomicopportunities taking place inChinawhile still providing investorswith the transparencyofferedwithU.S.-listed securities.Theunderlying fund,using an “indexing” investment approach, attempts toreplicate, before fees andexpenses, theperformanceofthe underlying index.






RisksPrimary

riskSecondary

risk

Currency risk „

Derivative risk „

Equity risk „



Index fund risk „


Liquidity risk „

Series risk „



Tracking risk „



Investorswho:

mWantexposure toChinese equities



m Are comfortable high risk



Distributionpolicy





SeriesA $20.40 $64.30 $112.71 $256.56

Series F $8.71 $27.47 $48.14 $109.58


PowerShares Golden Dragon China Class (continued)

PowerShares India Classof InvescoCorporateClass Inc.

Funddetails

Fund type Indianequity









PowerShares IndiaClass seeks toprovide a return that issimilar to the returnofoneormore InvescoPowerSharesETFs that invest primarily in India.



Toachieve theseobjectives, the Fund seeks to invest insecurities of PowerShares India Portfolio (the “underlyingfund”). As theunderlying fund is traded inU.S. dollars, theFundalso seeks to reduce the riskofexchange ratefluctuations between theU.S. andCanadiandollars byhedging theU.S. dollar.Thehedging activitywill notimpact the foreign currencyexposure experiencedby theunderlying fund.



The investmentobjective of the underlying fund is to seekinvestment results that correspondgenerally to thepriceandyield (before fees andexpenses) of the Indus IndiaIndex (the “underlying index”).


The investment strategies of theunderlying fund includeinvesting substantiallyall of its assets in awholly-ownedsubsidiary inMauritius,which in turn invests at least 90%of its total assets in securities that comprise theunderlying indexandAmericanDepositaryReceipts(“ADRs”) andGlobalDepositaryReceipts (“GDRs”) basedon the securities in theunderlying index. Since thesubsidiary is incorporated inMauritius the subsidiarymaybeeligible toobtainbenefits under the tax treatybetweenMauritius and India.Theunderlying fundanticipates thatthemajorityof its investments are in securities thatcomprise theunderlying index rather thanADRsand(GDRs).Theunderlying fund, using an “indexing”investment approach, attempts to replicate, before feesandexpenses, theperformanceof theunderlying index.

Theunderlying index is designed to replicate the Indianequitymarkets as awhole, throughadiverse groupof 50equity stocks selected fromthe largest Indian companieslistedon theBombayStockExchangeand theNationalStockExchange, twoof the largest regulated stockexchanges in India.Theunderlying index is designed toprovide access to theunique economicopportunitiestaking place in Indiawhile still providing investorswith thetransparencyofferedwithU.S.-listed securities. It isconstructedusing a rules-basedmethodologyandanimportant criterion for ranking companies for potentialselectionwithin the index is a proprietarymethodologydevelopedby IndusAdvisors, LLC, the indexprovider,knownas “IndusCap”. IndusCapmeasures thecapitalization in eachcompany that is available to foreigninvestors.Theunderlying index is comprisedof50companieswith the largest IndusCaps.The constituentsof theunderlying indexare spreadacross avarietyofsectors including information technology, health services,financial services, heavy industryand the consumerproduct industry.Theunderlying index is supervisedbyanindexcommittee comprisedof representatives of theindexproviderandmembers ofacademia specializing inemergingmarkets.The index is reconstituted andrebalancedquarterlyon the lastdaysof January,April,Julyand October.

The Fundwill seek to reduce the riskofexchange ratefluctuationsbetween theU.S. andCanadiandollars byentering into currency forward contractswith theintention tohedgeor “lock in” theCanadiandollar priceof theunderlying fund.The sub-advisorwill not try toforecastor speculate oncurrencyexchange ratefluctuations. In addition to the currency forwardcontracts, theFundmayuseoptions, futures andotherderivatives to conduct thehedging activities described


above.Thehedging activitywill not impact the foreigncurrencyexposure experiencedby theunderlying fund.




Since theFund is a fundof funds, the risks of investing intheFund setout in the chart below includeboth the risksof investing in the Fundand the risks of investing in theunderlying fund,which the Fund takeson inproportion toits investment in theunderlying fund.

RisksPrimary

riskSecondary

risk


Currency risk „

Derivative risk „

Equity risk „



Index fund risk „


Liquidity risk „

Series risk „


Tracking risk „



Investorswho:

mWantexposure to Indianequities






Distributionpolicy





SeriesA $21.22 $66.89 $117.24 $266.87

Series F $9.43 $29.73 $52.11 $118.61


PowerShares India Class (continued)

PowerShares QQQ Classof InvescoCorporateClass Inc.

Funddetails



Startdate SeriesA:August9, 2011Series F:August9, 2011



SeriesA: 1.50%Series F:0.50%




PowerSharesQQQClass seeks toprovide a return that issimilar to the returnofoneormore InvescoPowerSharesETFs that invest primarily inU.S. equity stocks.



Toachieve theseobjectives the Fund seeks to invest insecurities of PowerSharesQQQ (CADHedged) IndexETF(the “underlying fund”).

However, in the event that the sub-advisorconsiders itnecessary, the Fundmay (i) invest in othermutual funds,including exchange-traded funds, that replicate theNASDAQ-100CurrencyHedgedCAD Index (the “Index”)oranysuccessor thereto, (ii) seek to replicate the Indexbyinvesting in the constituent securities of the Index inapproximately the sameproportionas theyare reflectedin the Index, and/or (iii) enter intoderivative instrumentsinorder togain exposure to theperformanceof the Index.



The investmentobjective of the underlying fund is to seekinvestment results that correspond (before fees andexpenses) generally to the price andyield performanceof

theNASDAQ – 100CurrencyHedgedCAD Index, oranysuccessor thereto.

TheNASDAQ-100CurrencyHedgedCAD Index isdesigned to represent the returns for theNASDAQ – 100Index (NDX) (the “underlying index”)with all orsubstantiallyall of the directU.S. dollarexposureof theunderlying indexhedgedback to theCanadiandollar.Theunderlying index includes 100of the largestdomestic(UnitedStates) and international non-financial securitieslistedonTheNASDAQStockMarket basedonmarket capitalization.


The investment strategies of theunderlying fund includeholding securities ofoneormore InvescoPowerSharesETFs orotherunderlying investment funds that replicatethe underlying index.Theunderlying fundmayalso investsubstantiallyall of its assets in the constituent securitiesof theunderlying index in approximately the sameproportionas theyare reflected in the underlying index,ormayenter intooneormore derivative instruments inorder togain exposure to the performanceof theunderlying index.

Theunderlying fundmayalso invest inAmericanDepositoryReceipts, AmericanDepositaryShares,GlobalDepositaryReceipts and International DepositoryReceipts that represent a constituent security included inthe underlying index. In addition, at thediscretionof thesub-advisorof theunderlying fund, the underlying fundmayhold other securities togetherwith the constituentsecurities to reflect the aggregate investmentcharacteristics of, ora representative sample of theunderlying index. In this case, the sub-advisorof theunderlying fundmayselect investments for theunderlying fundusingquantitative analysis to selectsecurities fromtheunderlying index toobtain arepresentative sampleof securities that resemble theunderlying index in termsof key risk factors, performanceattributes, industryweightings,market capitalizationandotherappropriate financial characteristics, dependingonthe asset base of the underlying fund.The sub-advisorofthe underlying funduses this “sampling”methodologywhere it is difficult to acquire thenecessaryconstituentsecurities of theunderlying indexorwhere it is otherwisebeneficial to theunderlying fund todo so.








Since theFund is a fundof funds, the risks of investing intheFund setout in the chart below includeboth the risksof investing in the Fundand the risks of investing in theunderlying fund,which the Fund takeson inproportion toits investment in theunderlying fund.

RisksPrimary

riskSecondary

risk


Currency risk „

Derivative risk „

Equity risk „


Index fund risk „


Liquidity risk „


Series risk „


Tracking risk „



Investorswho:

mWantexposure toU.S. equities






Distributionpolicy



Wehavenot shownanexample for this Fund because itis new.


PowerShares QQQ Class (continued)

Invesco Intactive Diversified Income Portfolio

Funddetails

Fund type Strategic assetallocation

Securities offered SeriesA, SeriesF, Series I, SeriesP,SeriesPF, SeriesT4andSeriesT6units ofamutual fund trust

Startdate SeriesA:May25, 2005Series F:May25, 2005Series I:May25, 2005SeriesP: September 16, 2010SeriesPF:August9, 2011SeriesT4:August 14, 2008SeriesT6:August 14, 2008

Registeredplaneligibility Eligible asan investment forregisteredplans


SeriesA:1.50%Series F:0.75%Series I: negotiatedandpaid byeachSeries I investorSeriesP: 1.40%SeriesPF:0.65%SeriesT4:1.50%SeriesT6:1.50%

Sub-advisors InvescoAssetManagementLimited,London, England forcurrencyhedgingInvescoAdvisers, Inc.,Atlanta,Georgia forassetallocation



Invesco IntactiveDiversified IncomePortfolio seeks togenerate incomewith thepotential formodest capitalappreciation.ThePortfolio invests in adiversifiedmixofmutual funds.Thesemutual funds invest primarily infixed-incomeand/orotherdebt securities. Foradditionaldiversificationandgrowthpotential, thePortfolio alsoinvests, to a lesserdegree, inmutual funds that investprimarily in equity securities.ThePortfolio uses strategicasset allocation toallocate assets amongmutual funds.

The investmentobjectives of thePortfolio cannot bechangedwithout theapproval ofamajorityof theinvestors at ameeting called to consider the change.


Toachieve theseobjectives, the sub-advisor responsibleforasset allocation:

m Determines the strategic asset allocation semi-annually.The strategic asset allocation for thePortfolio is:

AssetClass(Underlying funds)

StrategicAssetAllocation

Equities 28%

Fixed-income 67%

Gold/Silver 5%

mWill select theunderlying funds, including activelymanagedmutual funds, passivelymanaged index fundsandexchange-traded funds (ETFs)managedbyus, ouraffiliates orassociates ora third partyaswell asweightingsofeachunderlying fundona semi-annualbasis. However, theportfoliomanagement teammay, inits sole discretion, change the strategic assetallocation, underlying funds or theirweightings at anytime if, in its opinion, economic conditions, potential forassetgrowthor risks of investment in certain assetclassesor sectorswarrant suchchange

m Considers, in selecting anunderlying activelymanagedfundand itsweighting, the fund’s investmentobjectivesand strategies, security holdings, past performanceandhistorical volatility

m Considers, in selecting anunderlying passivelymanaged fundorETFand itsweighting, the indexwhichthe fundorETF is designed to replicate or represent

mWill applya tactical asset allocation investmentapproachonup to 15%of thePortfoliowhichmay resultin shifts betweenasset classes such that, basedon thestrategic asset allocation, the actual exposure toeachasset class could beas follows:

Equityunderlying funds 22-35%

Fixed-incomeunderlying funds 58-75%

Gold/Silver underlying funds 3-7%

Cash, cashequivalents andmoneymarket funds 0-10%

The tactical approachwill be implemented using cash,cashequivalents,moneymarketmutual funds,passivelymanaged index fundsand/orETFs.Tacticalinvestmentdecisions aremadeonamonthly basis.

This approachwill also enable theportfoliomanagement teamto rapidly shift portfolio assets – orto significantlyalter theweightings – toor fromaparticular sector in response to specific oranticipated


market conditions.The investmentapproachconsiderstheattractiveness of the underlying fundsbasedonthree criteria: valuation, the economicenvironment,and price trends and reversals.This approachmayresult in thePortfolio concentrating its investments in aspecific country, industry, sectoror typeof fixed-incomeordebt security if the portfoliomanagementteam is of theview that suchcountry, industry, sectoror fixed-incomeordebt securitywill outperformotherinvestments ona relative basis

Therewill be noduplicationofmanagement feesbetweenthePortfolio and theunderlying funds. SeeFundof fundfeesandexpensesonpage40 formore details.

ThePortfolio has received relief fromcertainCanadiansecurities regulations to permit it to invest up to 10%ofits net assets takenatmarket value at the timeofpurchase in aggregate ingold, gold certificates, silver,silvercertificates, derivatives theunderlying interest ofwhicharegold and/or silverand certainGold/SilverETFs.Gold/SilverETFs are exchange-traded funds that seek toreplicate theperformanceofgoldand/orsilveroran indexwhich seeks to replicate theperformanceofgold and/orsilver.TheGold/Silver ETFsmay investdirectlyorindirectly in gold, silverorderivatives theunderlyinginterest ofwhich is gold and/or silver. Investments inGold/SilverETFswill entail certain risks includingcommodity risk, index fund risk in relation to theGold/SilverETF’s ability to replicate theperformanceofan indexandderivatives risk if theGold/Silver ETFusesderivatives.

The investments held in theunderlying fundsmay tradein foreign currencies, and fluctuations in thevalueof theCanadiandollar relative to thevalueof these foreigncurrenciesmayaffect the performanceof thePortfolio’sinvestments in theunderlying funds.The sub-advisorresponsible forcurrencyhedgingwill hedgeaportionofthePortfolio’s foreign currencyexposure. It is our intentthat 50%of the foreign currencywill behedgedatalltimes.However,maintaining this exact hedgemaynot bepossible todoat all times given, amongother things, thedifficultyof hedging certain currencies and theexcessivecosts of hedgingnon-standard amounts foreachcurrency.The sub-advisor responsible forcurrencyhedgingwill cause thePortfolio to enter into currencyforward contracts for the purposeof hedgingor “lockingin” theCanadian-dollar price of the underlying funds’investments,whicharedenominated in foreigncurrenciesinorder to reduce the foreign currencyexposure.Thesub-advisor responsible forcurrencyhedgingwill not tryto forecastor speculate onexchange rate fluctuations. Inaddition to currency forward contracts, thePortfoliomayuseoptions, futures andotherderivatives to conduct thehedging activities described above.ThePortfoliosmay

alsousederivatives tohedge against otherpotential losses.

ThePortfoliomayusederivatives for non-hedgingpurposes inorder to invest indirectly in securities orfinancialmarkets. If used for non-hedging purposes,optionswill represent nomore than 10%of thenet assetsof thePortfolio.

Anyuseofderivativeswill be consistentwith theinvestmentobjectives of thePortfolio and will complywith the requirements ofCanadian securities regulation,as alteredby the exemptiongranted topermit thePortfolio to (i) enter into interest rate swaps, creditdefaultswaps or, if the transaction is for hedging purposes,currency forwards, in all caseswitha remainingterm-to-maturityofgreater than threeyears; (ii) use ascover bonds, debentures, notes orotherevidencesofindebtedness that are liquid, floating rate debtinstruments and securities of the InvescoCanada cashmanagement funds; and (iii) use as cover,when thePortfolio holds a longposition in a standardized future orforwardor is entitled to receivepayments undera swap, arightorobligation to sell anequivalentquantityof theunderlying interest of the standardized future, forwardor swap.


Since thePortfolio is a fundof funds, the risks of investingin thePortfolio setout in the chart below includeboth therisks of investing in thePortfolio and the risks of investingin theunderlying funds,which thePortfolio takes on inproportion to its investment in the underlying funds.


Invesco Intactive Diversified Income Portfolio (continued)

RisksPrimary

riskSecondary

risk




Commodity risk „

Credit risk „

Currency risk „

Derivative risk „

Equity risk „


Index fund risk „



Series risk „


The sub-advisor responsible for the currencyhedgingwillseek to reduce the impacton thePortfolio of fluctuationsbetween foreign currencies and theCanadiandollar usingstrategies that, in its judgement, are themostappropriatein the circumstances. Itwill take intoaccount such factorsas the typeofderivative instrument, term, priceand liquidity.

Theuseof strategies toprotect thePortfolio againstfluctuations in thevalueof theCanadiandollar relative toforeign currencieswill not eliminate the fluctuations inthepriceof portfolio securities in theunderlying fundsnorprevent losses should theprices of thoseportfoliosecurities decline.These strategieswill also limit theopportunity forgain as a result ofan increase in thevalueof foreign currencies relative to theCanadiandollar.



Investorswho:

mWant togenerate incomeand modest capitalappreciationover the long term

m Are looking forawell-diversified investment


Series T4andT6are appropriate for investorswhowantto receive regulardistributions.

Distributionpolicy

SeriesA,F, I, PandPF

Distributionsof income, ifany, aremademonthlyanddistributions ofcapital gains, ifany, aremadeannually inDecember.Weautomatically reinvestdistributions in thePortfolio if youhold yourunits inside a registeredplan.Outside a registeredplan,weautomatically reinvestdistributions unlessyou requestdistributions bychequeordirectdeposit toyour bankaccount.




m Series T4: 4%

m Series T6: 6%



Weautomatically reinvestdistributions in thePortfolio ifyouhold your units inside a registeredplan.Outside aregisteredplan, (i) anymonthlydistributionswill bemadetoyoubychequeordirectdeposit toyourbankaccountunlessyou request that suchdistributions be reinvestedin thePortfolio, and (ii)weautomatically reinvest theannual distributions, ifany, unlessyou request that suchdistributions bepaid bychequeordirectdeposit toyourbankaccount.

All other things being equal, a higher TargetDistributionRatewill result in a largeramount beingdistributed as areturnofcapital. Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmay



result in the return toyouof theentire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyou is not immediately taxable inyourhands, butwill reduceyourACBof the relatedunits.However, if thedistributions are reinvested in additionalunits of thePortfolio, theACBwill increaseby theamountreinvested.Wherenet reductions to theACBof your unitswould result in theACBbecominganegative amount,suchamountwill be treated as a capital gain realizedbyyouand theACBof your relatedunitswill thenbenil. Anyfurther net reductions toACBwill similarly be treated ascapital gains realizedbyyououtside a registeredplan.





SeriesA $19.68 $62.04 $108.74 $247.53

Series F $10.35 $32.64 $57.20 $130.21

SeriesP $9.53 $30.05 $52.67 $119.90

SeriesT4 $19.07 $60.10 $105.35 $239.80

SeriesT6 $18.55 $58.49 $102.51 $233.35

Wehavenot shownanexample forSeriesPFunits of theFundbecause this series is new.



Invesco Intactive Diversified Income Portfolio Classof InvescoCorporateClass Inc.

Funddetails


Securities offered SeriesA, SeriesF, SeriesP, SeriesPF,SeriesT4andSeriesT6sharesofamutual fund corporation

Startdate SeriesA:April 28, 2011Series F:April 28, 2011SeriesP:April 28, 2011SeriesPF:April 28, 2011SeriesT4:April 28, 2011SeriesT6:April 28, 2011

RegisteredplanEligibility Eligible asan investment forregisteredplans


SeriesA: 1.50%Series F:0.75%SeriesP: 1.40%SeriesPF:0.65%SeriesT4: 1.50%SeriesT6: 1.50%

Sub-advisor InvescoAdvisers, Inc.Atlanta,Georgia



Invesco IntactiveDiversified IncomePortfolioClass seeksto generate incomewith the potential formodestcapital appreciation.

TheFund intends toachieve this objective by investingsubstantiallyall of its assets inSeries I units ofInvesco IntactiveDiversified IncomePortfolio (the“Portfolio”) in order toachieve a similar return.

However, in the event that the sub-advisorconsiders itnecessary, the Fundmay invest inothermutual funds,including exchange-traded funds, identical orsubstantially similar to those inwhich thePortfolio invests.



Toachieve these investmentobjectives, the Fundwillinvest substantiallyall of its assets inSeries I units ofthePortfolio.

ThePortfolio seeks togenerate incomewith the potentialformodest capital appreciationby investing in adiversified mixofmutual funds andexchange-tradedfunds that invest primarily in fixed-incomeand/orotherdebt securities. Foradditional diversificationandgrowthpotential, thePortfolio also invests, to a lesserdegree, inmutual funds andexchange-traded funds that investprimarily in equity securities.ThePortfolio determines itsinvestments based solelyonasset allocationprinciples.The Fund’s investmentobjectives are substantially similarto thoseof thePortfolio.

The Fundhasobtained regulatoryapproval from theCanadianSecuritiesAdministrators foranexemptionfromcertainof the fundon fund rules inNI81-102, therebyallowing the Fund topurchase securities ofmutual fundswhere suchmutual fundshold, directlyor indirectly, 10%ormoreof the securities ofothermutual funds.

Therewill benoduplicationofmanagement fees betweenthe Fund, thePortfolio and theunderlying fundsofthePortfolio.

In the event that the sub-advisorconsiders it no longerfeasible to invest inSeries I units of thePortfolio, thefollowing investment strategieswill be employed.TheFundwill invest in othermutual funds, includingexchange-traded funds, identical or substantially similarto those inwhich thePortfolio invests in substantiallysimilar proportions.TheFundwould otherwise adopt thesame investment strategies as thePortfolio.

The Fundmayusederivatives, suchas options, forwardsand futures, for thepurposesdescribedbelow.TheFundmayseek tohedgeagainst potential loss.

The Fundmayusederivatives for non-hedgingpurposesinorder to invest indirectly in securities or financialmarkets. If used for non-hedgingpurposes, optionswillrepresent nomore than 10%of thenet assets of theFund.

Anyuseofderivativeswill be consistentwith theinvestmentobjectives of theFundand will complywiththe requirements of Canadian securities regulation, asalteredby the exemptiongranted topermit the Fund to(i) enter into interest rate swaps, credit default swaps or, ifthe transaction is for hedgingpurposes, currencyforwards, in all caseswitha remaining term-to-maturityofgreater than threeyears; (ii) use as cover bonds,debentures, notes orotherevidences of indebtednessthat are liquid, floating rate debt instruments andsecurities of the InvescoCanada cashmanagementfunds; and (iii) use as cover,when theFundholds a longposition in a standardized futureor forwardor is entitledto receive payments undera swap, a rightorobligation to


sell anequivalentquantityof theunderlying interest ofthe standardized future, forward or swap.

Investment strategies of thePortfolio

Toachieve the investmentobjectives of thePortfolio, thesub-advisor responsible forasset allocation:




Equities 28%

Fixed-income 67%

Gold/Silver 5%

mWill select the underlying funds, including activelymanagedmutual funds, passivelymanaged index fundsandexchange-traded funds (ETFs)managedbyus, ouraffiliates orassociates ora third partyaswell asweightings ofeachunderlying fundona semi-annualbasis. However, the sub-advisormay, in its solediscretion, change the strategic asset allocation,underlying fundsor theirweightings at any time if, in itsopinion, economic conditions, potential forassetgrowthor risks of investment in certain asset classes orsectorswarrant suchchange



mWill applya tactical asset allocation investmentapproachonup to 15%of thePortfoliowhichmay resultin shifts betweenasset classes such that, basedon thestrategic asset allocation, the actual exposure toeachasset class could be as follows:

Equity underlying funds 22-35%




The tactical approachwill be implementedusing cash,cashequivalents,moneymarketmutual funds,

passivelymanaged index fundsand/orETFs.Tacticalinvestmentdecisions aremadeonamonthly basis.

This approachwill also enable the sub-advisor torapidly shift portfolio assets – or to significantlyaltertheweightings – toor fromaparticular sector inresponse to specific oranticipatedmarket conditions.The investmentapproachconsiders the attractivenessof the underlying fundsbasedon three criteria:valuation, the economicenvironment, andprice trendsand reversals.This approachmay result in thePortfolioconcentrating its investments in a specific country,industry, sectoror typeof fixed-incomeordebt securityif the sub-advisor is of theview that such country,industry, sectoror fixed-incomeordebt securitywilloutperformother investments ona relative basis

ThePortfolio has received relief fromcertainCanadiansecurities regulations topermit it to invest up to 10%ofits net assets takenatmarket value at the timeofpurchase in aggregate ingold, gold certificates, silver,silvercertificates, derivatives theunderlying interest ofwhichare gold and/or silverand certainGold/Silver ETFs.Gold/Silver ETFsare exchange-traded funds that seek toreplicate theperformanceofgold and/orsilveroran indexwhich seeks to replicate the performanceofgold and/orsilver.TheGold/SilverETFsmay investdirectlyorindirectly in gold, silverorderivatives the underlyinginterest ofwhich is gold and/or silver. Investments inGold/Silver ETFswill entail certain risks includingcommodity risk, index fund risk in relation to theGold/Silver ETF’s ability to replicate the performanceofan indexandderivatives risk if theGold/SilverETFuses derivatives.

The investments held in the underlying fundsmay tradein foreign currencies, and fluctuations in thevalue of theCanadiandollar relative to thevalue of these foreigncurrenciesmayaffect theperformanceof thePortfolio’sinvestments in the underlying funds.The sub-advisorresponsible forcurrencyhedgingwill hedgeaportionofthePortfolio’s foreign currencyexposure. It is our intentthat 50%of the foreign currencywill be hedgedatalltimes.However,maintaining this exact hedgemaynot bepossible todoat all timesgiven, amongother things, thedifficultyof hedging certain currencies and theexcessivecosts of hedgingnon-standard amounts foreachcurrency.The sub-advisor responsible forcurrencyhedgingwill cause thePortfolio to enter into currencyforward contracts for thepurposeof hedgingor “lockingin” theCanadian-dollar price of theunderlying funds’investmentswhicharedenominated in foreign currenciesinorder to reduce the foreign currencyexposure.Thesub-advisor responsible forcurrencyhedgingwill not tryto forecastor speculate onexchange rate fluctuations. Inaddition to currency forward contracts, thePortfoliomay


Invesco Intactive Diversified Income Portfolio Class (continued)

useoptions, futures andotherderivatives to conduct thehedging activities described above.ThePortfoliosmayalsousederivatives tohedgeagainst otherpotential losses.

Formore informationon the Invesco IntactiveDiversifiedIncomePortfolio, seepage274of this prospectus.


Since theFund is a fundof funds, the risks of investing intheFund setout in the chart below includeboth the risksof investing in the Fundand the risks of investing in thePortfolio,which the Fund takeson inproportion to itsinvestment in thePortfolio.

RisksPrimary

riskSecondary

risk




Commodity risk „

Credit risk „

Currency risk „

Derivative risk „

Equity risk „



Index fund risk „



Series risk „



As at July5, 2011, two investors held, respectively, 18.58%and 12.66%of the sharesof theFund. Please seeLargetransaction riskonpage 10 fordetails of the risksassociatedwitha possible redemptionof these shares.


Investorswho:

mWant togenerate incomeand modest capitalappreciationover the long term



mWant the flexibility to switch toanotherclass ofInvescoCorporateClass Inc.without triggeringimmediate taxable capital gains

TheFund is notsuitable for investors in registeredplans (e.g.RRSPs,RRIFs,LIFs, LIRAs, LRIFs,PRIFs,LRSPs,RDSPs,RESPs,TFSAs,RLSPsandRLIFs).


Investorswhoare including this Fund ina portfolio that ispart of the InvescoRebalancing Service should read theinformation contained onpage33of thissimplified prospectus.

Distributionpolicy

SeriesA,F,PandPF





m Series T4: 4%

m Series T6: 6%









Wehavenot shownanexample for this Fundbecause itis new.



Invesco Intactive Balanced Income Portfolio

Funddetails


Securities offered SeriesA, SeriesF, Series I, SeriesP,SeriesPF, SeriesT4SeriesT6units ofamutual fund trust

Startdate SeriesA:May25, 2005Series F:May25, 2005Series I:May25, 2005SeriesP: September 16, 2010SeriesPF:August9, 2011SeriesT4:August 14, 2008SeriesT6:August 14, 2008



SeriesA: 1.75%Series F:0.75%Series I: negotiatedandpaid byeachSeries I investorSeriesP: 1.65%SeriesPF:0.65%SeriesT4: 1.75%SeriesT6: 1.75%

Sub-advisors InvescoAssetManagementLimited,London, England, forcurrencyhedgingInvescoAdvisers, Inc.,Atlanta,Georgia forassetallocation



Invesco IntactiveBalanced IncomePortfolio seeks togenerate incomeand capital appreciationover the longterm.ThePortfolio invests in a diversifiedmixofmutualfunds.Thesemutual funds invest primarily in fixed-incomeand/orotherdebt securities or in equitysecurities.ThePortfolio uses strategic asset allocation toallocate assets amongmutual funds.

The investmentobjectives of thePortfolio cannot bechangedwithout theapproval ofamajorityof investors atameeting called to consider the change.






Equities 38%

Fixed-income 56%

Gold/Silver 6%










This approachwill also enable theportfoliomanagement teamto rapidly shift portfolio assets – orto significantlyalter theweightings – toor fromaparticular sector in response to specific oranticipatedmarket conditions.The investmentapproachconsiderstheattractivenessof theunderlying funds basedonthree criteria: valuation, the economic environment,


and price trends and reversals.This approachmayresult in thePortfolio concentrating its investments in aspecific country, industry, sectoror typeof fixed-incomeordebt security if the portfoliomanagementteam is of theview that suchcountry, industry, sectoror fixed-incomeordebt securitywill outperformotherinvestments ona relative basis

Therewill be noduplicationofmanagement feesbetweenthePortfolio and theunderlying funds.


The investments held in theunderlying fundsmay tradein foreign currencies, and fluctuations in thevalueof theCanadiandollar relative to thevalueof these foreigncurrenciesmayaffect the performanceof thePortfolio’sinvestments in theunderlying funds.The sub-advisorresponsible forcurrencyhedgingwill hedgeaportionofthePortfolio’s foreign currencyexposure. It is our intentthat 50%of the foreign currencywill behedgedatalltimes.However,maintaining this exact hedgemaynot bepossible todoat all times given, amongother things, thedifficultyof hedging certain currencies and theexcessivecosts of hedgingnon-standard amounts foreachcurrency.The sub-advisor responsible forcurrencyhedgingwill cause thePortfolio to enter into currencyforward contracts for the purposeof hedgingor “lockingin” theCanadian-dollar price of the underlying funds’investments,whicharedenominated in foreigncurrenciesinorder to reduce the foreign currencyexposure.Thesub-advisor responsible forcurrencyhedgingwill not tryto forecastor speculate onexchange rate fluctuations. Inaddition to currency forward contracts, thePortfoliomayuseoptions, futures andotherderivatives to conduct thehedging activities described above.ThePortfoliosmayalsousederivatives tohedgeagainst otherpotential losses.





RisksPrimary

riskSecondary

risk




Commodity risk „

Credit risk „

Currency risk „

Derivative risk „

Equity risk „


Index fund risk „



Series risk „



Invesco Intactive Balanced Income Portfolio (continued)





Investorswho:

mWanta balancedportfolio to achieve both incomeandcapital appreciationover the long term

m Arewilling to accept some fluctuations in thevalue ofthe portfolio over the short tomediumterm



Series T4andT6are appropriate for investorswhowantto receive regulardistributions.

Distributionpolicy


Distributions of income, ifany, aremadequarterlyanddistributionsofcapital gains, ifany, aremadeannually inDecember.Weautomatically reinvestdistributions in thePortfolio if youhold your units inside a registeredplan.Outside a registeredplan,weautomatically reinvestdistributionsunlessyou requestdistributionsbychequeordirectdeposit toyourbankaccount.

Tax-efficient flexible distributionseries (the “T-FLEXseries”): SeriesT4andT6

TheT-FLEXserieshavebeendesigned toprovideyouwithanaggregate annual distributionper unit that is paidmonthly (the “PlannedAnnualAmount”).ThePlannedAnnualAmount foreachT-FLEXserieswill be adjustedonce ayear, basedon theannual targetdistribution rate(the “TargetDistributionRate”) for that T-FLEXseries and

theNAVof that T-FLEXseries at the endof the precedingyear. Details of thePlannedAnnualAmountwill beavailable fromuson request.


m Series T4: 4%

m Series T6: 6%




All other things being equal, a higher TargetDistributionRatewill result in a largeramount beingdistributed as areturnofcapital. Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmayresult in the return toyouof the entire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyou is not immediately taxable inyourhands, butwill reduceyourACBof the relatedunits.However, if the distributions are reinvested in additionalunits of thePortfolio, theACBwill increase by the amountreinvested.Where net reductions to theACBof yourunitswould result in theACBbecominganegative amount,suchamountwill be treated as a capital gain realizedbyyouand theACBof your relatedunitswill thenbenil. Anyfurthernet reductions toACBwill similarly be treated ascapital gains realizedby yououtside a registeredplan.







SeriesA $22.04 $69.47 $121.77 $277.19

Series F $10.25 $32.31 $56.64 $128.92

SeriesP $11.07 $34.90 $61.17 $139.24

SeriesT4 $21.63 $68.18 $119.51 $272.03

SeriesT6 $21.22 $66.89 $117.24 $266.87




Invesco Intactive Balanced Income Portfolio Classof InvescoCorporateClass Inc.

Funddetails


Securities offered SeriesA, SeriesF, SeriesP, SeriesPF,SeriesT4andSeriesT6sharesofamutual fund corporation

Startdate SeriesA:April 28, 2011Series F:April 28, 2011SeriesP:April 28, 2011SeriesPF:April 28, 2011SeriesT4:April 28, 2011SeriesT6:April 28, 2011


Managementandadvisoryfees

SeriesA: 1.75%Series F:0.75%SeriesP: 1.65%SeriesPF:0.65%SeriesT4: 1.75%SeriesT6: 1.75%




Invesco IntactiveBalanced IncomePortfolioClass seeksto generate incomeand capital appreciationoverthe long term.

TheFund intends toachieve this objective by investingsubstantiallyall of its assets inSeries I units ofInvesco IntactiveBalanced IncomePortfolio (the“Portfolio”) in order toachieve a similar return.





ThePortfolio seeks togenerate incomeand capitalappreciationover the long termby investing in adiversified mixofmutual funds andexchange-tradedfunds that invest primarily in fixed-incomeand/orotherdebt securities or in equity securities.ThePortfoliodetermines its investments based solelyonassetallocationprinciples.TheFund’s investmentobjectivesare substantially similar to thoseof thePortfolio.













Equities 38%

Fixed-income 56%

Gold/Silver 6%









The tactical approachwill be implementedusing cash,cashequivalents,moneymarketmutual funds,passivelymanaged index funds and/or ETFs.Tacticalinvestmentdecisions aremadeonamonthly basis.

This approachwill also enable the sub-advisor torapidly shift portfolio assets – or to significantlyalter

theweightings – toor fromaparticular sector inresponse to specific oranticipatedmarket conditions.The investmentapproachconsiders the attractivenessof the underlying fundsbasedon three criteria:valuation, the economicenvironment, andprice trendsand reversals.This approachmay result in thePortfolioconcentrating its investments in a specific country,industry, sectoror typeof fixed-incomeordebt securityif the sub-advisor is of theview that such country,industry, sectoror fixed-incomeordebt securitywilloutperformother investments ona relative basis

ThePortfolio has received relief fromcertainCanadiansecurities regulations topermit it to invest up to 10%ofits net assets takenatmarket value at the timeofpurchase in aggregate ingold, gold certificates, silver,silvercertificates, derivatives theunderlying interest ofwhichare gold and/or silverand certainGold/Silver ETFs.Gold/Silver ETFsare exchange-traded funds that seek toreplicate theperformanceofgold and/orsilveroran indexwhich seeks to replicate the performanceofgold and/orsilver.TheGold/SilverETFsmay investdirectlyorindirectly in gold, silverorderivatives the underlyinginterest ofwhich is gold and/or silver. Investments inGold/Silver ETFswill entail certain risks includingcommodity risk, index fund risk in relation to theGold/Silver ETF’s ability to replicate the performanceofan indexandderivatives risk if theGold/SilverETFuses derivatives

The investments held in the underlying fundsmay tradein foreign currencies, and fluctuations in thevalue of theCanadiandollar relative to thevalue of these foreigncurrenciesmayaffect theperformanceof thePortfolio’sinvestments in the underlying funds.The sub-advisorresponsible forcurrencyhedgingwill hedgeaportionofthePortfolio’s foreign currencyexposure. It is our intentthat 50%of the foreign currencywill be hedgedatalltimes.However,maintaining this exact hedgemaynot bepossible todoat all timesgiven, amongother things, thedifficultyof hedging certain currencies and theexcessivecosts of hedgingnon-standard amounts foreachcurrency.The sub-advisor responsible forcurrencyhedgingwill cause thePortfolio to enter into currencyforward contracts for thepurposeof hedgingor “lockingin” theCanadian-dollar price of theunderlying funds’investmentswhicharedenominated in foreign currenciesinorder to reduce the foreign currencyexposure.Thesub-advisor responsible forcurrencyhedgingwill not tryto forecastor speculate onexchange rate fluctuations. Inaddition to currency forward contracts, thePortfoliomayuseoptions, futures andotherderivatives to conduct thehedging activities described above.ThePortfoliosmayalsousederivatives tohedge against otherpotential losses.


Invesco Intactive Balanced Income Portfolio Class (continued)

Formore informationon the Invesco IntactiveBalancedIncomePortfolio, seepage282of this prospectus.



RisksPrimary

riskSecondary

risk




Commodity risk „

Credit risk „

Currency risk „

Derivative risk „

Equity risk „



Index fund risk „



Series risk „




Investorswho:

mWanta balancedportfolio to achieve both incomeandcapital appreciationover the long term








Distributionpolicy

SeriesA,F,PandPF





m Series T4: 4%

m Series T6: 6%





Invesco Intactive Balanced Growth Portfolio

Funddetails


Securities offered SeriesA, SeriesF, Series I, SeriesP,SeriesPF, SeriesT4,SeriesT6andSeriesT8units ofamutual fund trust

Startdate SeriesA:May25, 2005Series F:May25, 2005Series I:May25, 2005SeriesP: September 16, 2010SeriesPF:August9, 2011SeriesT4:August 14, 2008SeriesT6:August 14, 2008SeriesT8:August 14, 2008



SeriesA: 1.75%Series F:0.75%Series I: negotiatedandpaid byeachSeries I investorSeriesP: 1.65%SeriesPF:0.65%SeriesT4: 1.75%SeriesT6: 1.75%SeriesT8: 1.75%




Invesco IntactiveBalancedGrowthPortfolio seeks togenerate capital appreciationover the long term.ThePortfolio invests in adiversifiedmixofmutual funds.Thesemutual funds invest primarily in equity securitiesor in fixed-incomeand/orotherdebt securities.ThePortfolio has abias towards equitymutual funds.ThePortfolio uses strategic asset allocation toallocate assetsamongmutual funds.




m Determines the strategic asset allocationsemi-annually.The strategic asset allocation for thePortfolio is:



Equities 55%

Fixed-income 37%

Gold/Silver 8%










This approachwill also enable theportfoliomanagement teamto rapidly shift portfolio assets – orto significantlyalter theweightings – toor fromaparticular sector in response to specific oranticipated


market conditions.The investmentapproachconsiderstheattractiveness of the underlying fundsbasedonthree criteria: valuation, the economicenvironment,and price trends and reversals.This approachmayresult in thePortfolio concentrating its investments in aspecific country, industry, sectoror typeof fixed-incomeordebt security if the portfoliomanagementteam is of theview that suchcountry, industry, sectoror fixed-incomeordebt securitywill outperformotherinvestments ona relative basis



The investments held in theunderlying fundsmay tradein foreign currencies, and fluctuations in thevalueof theCanadiandollar relative to thevalueof these foreigncurrenciesmayaffect the performanceof thePortfolio’sinvestments in theunderlying funds.The sub-advisorresponsible forcurrencyhedgingwill hedgeaportionofthePortfolio’s foreign currencyexposure. It is our intentthat 50%of the foreign currencywill behedgedatalltimes.However,maintaining this exact hedgemaynot bepossible todoat all times given, amongother things, thedifficultyof hedging certain currencies and theexcessivecosts of hedgingnon-standard amounts foreachcurrency.The sub-advisor responsible forcurrencyhedgingwill cause thePortfolio to enter into currencyforward contracts for the purposeof hedgingor “lockingin” theCanadian-dollar price of the underlying funds’investments,whicharedenominated in foreigncurrenciesinorder to reduce the foreign currencyexposure.Thesub-advisor responsible forcurrencyhedgingwill not tryto forecastor speculate onexchange rate fluctuations. Inaddition to currency forward contracts, thePortfoliomayuseoptions, futures andotherderivatives to conduct thehedging activities described above.ThePortfoliosmay

alsousederivatives tohedge against otherpotential losses.






Invesco Intactive Balanced Growth Portfolio (continued)

RisksPrimary

riskSecondary

risk




Commodity risk „

Credit risk „

Currency risk „

Derivative risk „

Equity risk „


Index fund risk „



Series risk „






Investorswho:

mWanta balancedportfoliowith anemphasis oncapitalappreciationover the long term





Distributionpolicy


Distributions, ifany, aremadeannually inDecember.Weautomatically reinvestdistributions in thePortfolio if youhold your units inside a registeredplan.Outside aregisteredplan,weautomatically reinvestdistributionsunlessyou requestdistributions bychequeordirectdeposit toyour bankaccount.




m Series T4: 4%

m Series T6: 6%

m Series T8:8%






All other things being equal, a higher TargetDistributionRatewill result in a largeramount being distributed as areturnofcapital. Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmayresult in the return toyouof theentire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyou is not immediately taxable inyourhands, butwill reduceyourACBof the relatedunits.However, if thedistributions are reinvested in additionalunits of thePortfolio, theACBwill increaseby theamountreinvested.Wherenet reductions to theACBof your unitswould result in theACBbecominganegative amount,suchamountwill be treated as a capital gain realizedbyyouand theACBof your relatedunitswill thenbenil. Anyfurther net reductions toACBwill similarly be treated ascapital gains realizedbyyououtside a registeredplan.





SeriesA $22.45 $70.77 $124.04 $282.34

Series F $10.76 $33.93 $59.47 $135.37

SeriesP $10.97 $34.58 $60.60 $137.95

SeriesT4 $21.73 $68.50 $120.07 $273.32

SeriesT6 $21.73 $68.50 $120.07 $273.32

SeriesT8 $21.42 $67.53 $118.37 $269.45




Invesco Intactive Balanced Growth Portfolio Classof InvescoCorporateClass Inc.

Funddetails


Securities offered SeriesA, SeriesF, SeriesP, SeriesPFandSeriesT4,SeriesT6, SeriesT8 sharesofamutual fund corporation

Startdate SeriesA:April 28, 2011Series F:April 28, 2011SeriesP:April 28, 2011SeriesPF:April 28, 2011SeriesT4:April 28, 2011SeriesT6:April 28, 2011SeriesT8:April 28, 2011


Managementandadvisoryfees

SeriesA: 1.75%Series F:0.75%SeriesP: 1.65%SeriesPF:0.65%SeriesT4: 1.75%SeriesT6: 1.75%SeriesT8: 1.75%




Invesco IntactiveBalancedGrowthPortfolioClass seeksto generate capital appreciationover the long term.

TheFund intends toachieve this objective by investingsubstantiallyall of its assets inSeries I units ofInvesco IntactiveBalancedGrowthPortfolio (the“Portfolio”) in order toachieve a similar return.





ThePortfolio seeks togenerate capital appreciationoverthe long termby investing in a diversifiedmixofmutualfunds orexchange-traded funds that invest primarily inequity securities or in fixed-incomeand/orotherdebtsecurities; however, thePortfolio has a bias towardsequitymutual funds andexchange-traded funds.ThePortfolio determines its investments based solelyonasset allocationprinciples.TheFund’s investmentobjectives are substantially similar to thoseofthePortfolio.













Equities 55%

Fixed-income 37%

Gold/Silver 8%










This approachwill also enable the sub-advisor torapidly shift portfolio assets – or to significantlyalter

theweightings – toor fromaparticular sector inresponse to specific oranticipatedmarket conditions.The investmentapproachconsiders the attractivenessof the underlying fundsbasedon three criteria:valuation, the economicenvironment, andprice trendsand reversals.This approachmay result in thePortfolioconcentrating its investments in a specific country,industry, sectoror typeof fixed-incomeordebt securityif the sub-advisor is of theview that such country,industry, sectoror fixed-incomeordebt securitywilloutperformother investments ona relative basis




Invesco Intactive Balanced Growth Portfolio Class (continued)

Formore informationon the Invesco IntactiveBalancedGrowthPortfolio, seepage290of this prospectus.



RisksPrimary

riskSecondary

risk




Commodity risk „

Credit risk „

Currency risk „

Derivative risk „

Equity risk „



Index fund risk „



Series risk „



As at July5, 2011, an investor held 12.77%of the sharesoftheFund. Please seeLarge transaction riskonpage 10 fordetails of the risks associatedwitha possible redemptionof these shares.


Investorswho:

mWanta balancedportfoliowith anemphasis oncapitalappreciationover the long term








Distributionpolicy

SeriesA,F,PandPF





m Series T4: 4%

m Series T6: 6%

m Series T8:8%





Invesco Intactive Growth Portfolio

Funddetails










Invesco IntactiveGrowthPortfolio seeks togeneratecapital appreciationover the long term.ThePortfolioinvests in adiversifiedmixofmutual funds.Thesemutualfunds invest primarily in equity securities. Foradditionalstabilityand diversification, thePortfolio also invests, to alesserdegree, inmutual funds that invest primarily infixed-incomeand/orotherdebt securities.ThePortfoliouses strategic asset allocation to allocate assets amongmutual funds.



Toachieve these objectives, the sub-advisor responsibleforasset allocation:




Equities 74%

Fixed-income 18%

Gold/Silver 8%











This approachwill also enable theportfoliomanagement teamto rapidly shift portfolio assets – orto significantlyalter theweightings – toor fromaparticular sector in response to specific oranticipatedmarket conditions.The investmentapproachconsiderstheattractiveness of the underlying fundsbasedonthree criteria: valuation, the economicenvironment,and price trends and reversals.This approachmayresult in thePortfolio concentrating its investments in aspecific country, industry, sectoror typeof fixed-incomeordebt security if the portfoliomanagementteam is of theview that suchcountry, industry, sectoror fixed-incomeordebt securitywill outperformotherinvestments ona relative basis



The investments held in theunderlying fundsmay tradein foreign currencies, and fluctuations in thevalueof theCanadiandollar relative to thevalueof these foreigncurrenciesmayaffect the performanceof thePortfolio’sinvestments in theunderlying funds.The sub-advisorresponsible forcurrencyhedgingwill hedgeaportionofthePortfolio’s foreign currencyexposure. It is our intentthat 50%of the foreign currencywill behedgedatalltimes.However,maintaining this exact hedgemaynot bepossible todoat all times given, amongother things, thedifficultyof hedging certain currencies and theexcessivecosts of hedgingnon-standard amounts foreachcurrency.The sub-advisor responsible forcurrencyhedgingwill cause thePortfolio to enter into currencyforward contracts for the purposeof hedgingor “lockingin” theCanadian-dollar price of the underlying funds’investments,whicharedenominated in foreigncurrenciesinorder to reduce the foreign currencyexposure.Thesub-advisor responsible forcurrencyhedgingwill not tryto forecastor speculate onexchange rate fluctuations. In

addition to currency forward contracts, thePortfoliomayuseoptions, futures andotherderivatives to conduct thehedging activities described above.ThePortfoliosmayalsousederivatives tohedge against otherpotential losses.









Invesco Intactive Growth Portfolio (continued)

RisksPrimary

riskSecondary

risk




Commodity risk „

Credit risk „

Currency risk „

Derivative risk „

Equity risk „


Index fund risk „



Series risk „






Investorswho:

mWantcapital appreciationover the long term





Distributionpolicy


Distributions, ifany, aremadeannually inDecember.Weautomatically reinvestdistributions in thePortfolio if youhold your units inside a registeredplan.Outside aregisteredplan,weautomatically reinvestdistributionsunlessyou requestdistributions bychequeordirectdeposit toyour bankaccount.




m Series T4: 4%

m Series T6: 6%

m Series T8:8%






All other things being equal, a higher TargetDistributionRatewill result in a largeramount being distributed as areturnofcapital. Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmayresult in the return toyouof theentire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyou is not immediately taxable inyourhands, butwill reduceyourACBof the relatedunits.However, if thedistributions are reinvested in additionalunits of thePortfolio, theACBwill increaseby theamountreinvested.Wherenet reductions to theACBof your unitswould result in theACBbecominganegative amount,suchamountwill be treated as a capital gain realizedbyyouand theACBof your relatedunitswill thenbenil. Anyfurther net reductions toACBwill similarly be treated ascapital gains realizedbyyououtside a registeredplan.





SeriesA $23.06 $72.70 $127.43 $290.08

Series F $11.58 $36.51 $64.00 $145.68

SeriesP $11.28 $35.54 $62.30 $141.82

SeriesT4 $22.55 $71.09 $124.60 $283.63

SeriesT6 $21.53 $67.86 $118.94 $270.74

SeriesT8 $22.76 $71.74 $125.74 $286.21




Invesco Intactive Growth Portfolio Classof InvescoCorporateClass Inc.

Funddetails


Securities offered SeriesA, SeriesF, SeriesP, SeriesPF,SeriesT4,SeriesT6andSeriesT8 sharesofamutual fund corporation








Invesco IntactiveGrowthPortfolioClass seeks togenerate capital appreciationover the long term.

TheFund intends toachieve this objective by investingsubstantiallyall of its assets inSeries I units ofInvesco IntactiveGrowthPortfolio (the “Portfolio”) inorder to achieve a similar return.





ThePortfolio seeks togenerate capital appreciationoverthe long termby investing in a diversifiedmixofmutualfunds andexchange-traded funds that invest primarily inequity securities. Foradditional stabilityanddiversification, thePortfolio also invests, to a lesserdegree, inmutual funds andexchange-traded funds thatinvest primarily in fixed-incomeand/orotherdebtsecurities.ThePortfoliodetermines its investmentsbasedsolelyonasset allocationprinciples.The Fund’sinvestmentobjectives are substantially similar to thoseofthePortfolio.






Anyuseofderivativeswill be consistentwith theinvestmentobjectives of theFundand will complywiththe requirements of Canadian securities regulation, asalteredby the exemptiongranted topermit the Fund to(i) enter into interest rate swaps, credit default swaps or, ifthe transaction is for hedgingpurposes, currencyforwards, in all caseswitha remaining term-to-maturityofgreater than threeyears; (ii) use as cover bonds,debentures, notes orotherevidences of indebtednessthat are liquid, floating rate debt instruments andsecurities of the InvescoCanada cashmanagementfunds; and (iii) use as cover,when theFundholds a longposition in a standardized futureor forwardor is entitledto receive payments undera swap, a rightorobligation to


sell anequivalentquantityof theunderlying interest ofthe standardized future, forward or swap.






Equities 74%

Fixed-income 18%

Gold/Silver 8%









The tactical approachwill be implementedusing cash,cashequivalents,moneymarketmutual funds,

passivelymanaged index fundsand/orETFs.Tacticalinvestmentdecisions aremadeonamonthly basis.

This approachwill also enable the sub-advisor torapidly shift portfolio assets – or to significantlyaltertheweightings – toor fromaparticular sector inresponse to specific oranticipatedmarket conditions.The investmentapproachconsiders the attractivenessof the underlying fundsbasedon three criteria:valuation, the economicenvironment, andprice trendsand reversals.This approachmay result in thePortfolioconcentrating its investments in a specific country,industry, sectoror typeof fixed-incomeordebt securityif the sub-advisor is of theview that such country,industry, sectoror fixed-incomeordebt securitywilloutperformother investments ona relative basis


The investments held in the underlying fundsmay tradein foreign currencies, and fluctuations in thevalue of theCanadiandollar relative to thevalue of these foreigncurrenciesmayaffect theperformanceof thePortfolio’sinvestments in the underlying funds.The sub-advisorresponsible forcurrencyhedgingwill hedgeaportionofthePortfolio’s foreign currencyexposure. It is our intentthat 50%of the foreign currencywill be hedgedatalltimes.However,maintaining this exact hedgemaynot bepossible todoat all timesgiven, amongother things, thedifficultyof hedging certain currencies and theexcessivecosts of hedgingnon-standard amounts foreachcurrency.The sub-advisor responsible forcurrencyhedgingwill cause thePortfolio to enter into currencyforward contracts for thepurposeof hedgingor “lockingin” theCanadian-dollar price of theunderlying funds’investmentswhicharedenominated in foreign currenciesinorder to reduce the foreign currencyexposure.Thesub-advisor responsible forcurrencyhedgingwill not tryto forecastor speculate onexchange rate fluctuations. Inaddition to currency forward contracts, thePortfoliomay


Invesco Intactive Growth Portfolio Class (continued)

useoptions, futures andotherderivatives to conduct thehedging activities described above.ThePortfoliosmayalsousederivatives tohedgeagainst otherpotential losses.

Formore informationon the Invesco IntactiveGrowthPortfolio, see page298.



RisksPrimary

riskSecondary

risk




Commodity risk „

Credit risk „

Currency risk „

Derivative risk „

Equity risk „



Index fund risk „



Series risk „



As at July5, 2011, three investors held, respectively,28.18%,10.01%and 10.01%of the shares of theFund.Please seeLarge transaction riskonpage 10 fordetails ofthe risks associatedwitha possible redemptionofthese shares.


Investorswho:


mArewilling toaccept some fluctuations in thevalueoftheportfolio over the short tomediumterm

mAre looking forawell-diversified investment






Distributionpolicy

SeriesA,F,PandPF





m Series T4: 4%

m Series T6: 6%

m Series T8:8%




Invesco Intactive Maximum Growth Portfolio

Funddetails










Invesco IntactiveMaximumGrowthPortfolio seeks togenerate capital appreciationover the long term.ThePortfolio invests in adiversifiedmixofmutual funds.Thesemutual funds invest primarily in equity securities.ThePortfolio uses strategic asset allocation toallocateassets amongmutual funds.




m Allocates assets among theunderlying funds, includingexchange-traded funds (ETFs)managedbyus, our

affiliates orassociates ora third party, in accordancewith the strategic asset allocationof 100%equities










This approachwill also enable theportfoliomanagement teamto rapidly shift portfolio assets – orto significantlyalter theweightings – toor fromaparticular sector in response to specific oranticipatedmarket conditions.The investmentapproachconsiderstheattractivenessof theunderlying funds basedonthree criteria: valuation, the economic environment,andprice trends and reversals.This approachmayresult in thePortfolio concentrating its investments in aspecific country, industry, sectoror typeof fixed-incomeordebt security if theportfoliomanagementteam is of theview that suchcountry, industry, sector


or fixed-incomeordebt securitywill outperformotherinvestments ona relative basis



The investments held in theunderlying fundsmay tradein foreign currencies, and fluctuations in thevalueof theCanadiandollar relative to thevalueof these foreigncurrenciesmayaffect the performanceof thePortfolio’sinvestments in theunderlying funds.The sub-advisorresponsible forcurrencyhedgingwill hedgeaportionofthePortfolio’s foreign currencyexposure. It is our intentthat 50%of the foreign currencywill behedgedatalltimes.However,maintaining this exact hedgemaynot bepossible todoat all times given, amongother things, thedifficultyof hedging certain currencies and theexcessivecosts of hedgingnon-standard amounts foreachcurrency.The sub-advisor responsible forcurrencyhedgingwill cause thePortfolio to enter into currencyforward contracts for the purposeof hedgingor “lockingin” theCanadian-dollar price of the underlying funds’investments,whicharedenominated in foreigncurrenciesinorder to reduce the foreign currencyexposure.Thesub-advisor responsible forcurrencyhedgingwill not tryto forecastor speculate onexchange rate fluctuations. Inaddition to currency forward contracts, thePortfoliomayuseoptions, futures andotherderivatives to conduct thehedging activities described above.ThePortfoliosmayalsousederivatives tohedgeagainst otherpotential losses.

ThePortfoliomayusederivatives for non-hedgingpurposes in order to invest indirectly in securities orfinancialmarkets. If used for non-hedgingpurposes,optionswill represent nomore than 10%of thenet assetsof thePortfolio.




RisksPrimary

riskSecondary

risk




Commodity risk „

Credit risk „

Currency risk „

Derivative risk „

Equity risk „


Index fund risk „



Series risk „


The sub-advisor responsible for the currencyhedging willseek to reduce the impact on thePortfolio of fluctuationsbetween foreign currencies and theCanadiandollar usingstrategies that, in its judgement, are themostappropriatein the circumstances. Itwill take intoaccount such factorsas the typeofderivative instrument, term, priceand liquidity.


Invesco Intactive Maximum Growth Portfolio (continued)




Investorswho:






Distributionpolicy


Distributions, ifany, aremadeannually inDecember.Weautomatically reinvestdistributions in thePortfolio if youhold yourunits inside a registeredplan.Outside aregisteredplan,weautomatically reinvestdistributionsunlessyou requestdistributionsbychequeordirectdeposit toyourbankaccount.




m SeriesT4: 4%

m SeriesT6: 6%

m SeriesT8:8%




All other things being equal, a higher TargetDistributionRatewill result in a largeramount beingdistributed as areturnofcapital. Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmayresult in the return toyouof the entire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyou is not immediately taxable inyourhands, butwill reduceyourACBof the relatedunits.However, if the distributions are reinvested in additionalunits of thePortfolio, theACBwill increase by the amountreinvested.Where net reductions to theACBof yourunitswould result in theACBbecominganegative amount,suchamountwill be treated as a capital gain realizedbyyouand theACBof your relatedunitswill thenbenil. Anyfurthernet reductions toACBwill similarly be treated ascapital gains realizedby yououtside a registeredplan.







SeriesA $23.68 $74.65 $130.83 $297.81

Series F $11.28 $35.54 $62.30 $141.82

SeriesP $10.66 $33.61 $58.90 $134.08

SeriesT4 $22.96 $72.38 $126.87 $288.79

SeriesT6 $22.24 $70.12 $122.90 $279.76

SeriesT8 $23.17 $73.03 $128.00 $291.37




Invesco Intactive Maximum Growth Portfolio Classof InvescoCorporateClass Inc.

Funddetails


Securities offered SeriesA, SeriesF, SeriesP, SeriesPF,SeriesT4,SeriesT6andSeriesT8 sharesofamutual fund corporation








Invesco IntactiveMaximumGrowthPortfolioClass seeksto generate capital appreciationover the long term.

TheFund intends toachieve this objective by investingsubstantiallyall of its assets inSeries I units ofInvesco IntactiveMaximumGrowthPortfolio (the“Portfolio”) in order toachieve a similar return.





ThePortfolio seeks togenerate capital appreciationoverthe long termby investing in a diversifiedmixofmutualfunds andexchange-traded funds that invest primarily inequity securities.ThePortfolio determines itsinvestments based solelyonasset allocationprinciples.The Fund’s investmentobjectives are substantially similarto thoseof thePortfolio.










m Allocates assets among theunderlying funds, includingexchange-traded funds (ETFs)managedbyus, ouraffiliates orassociates ora third party, in accordancewith the strategic asset allocationof 100%equities










This approachwill also enable the sub-advisor torapidly shift portfolio assets – or to significantlyaltertheweightings – to or fromaparticular sector inresponse to specific oranticipatedmarket conditions.The investmentapproachconsiders theattractivenessof theunderlying funds basedon three criteria:valuation, the economicenvironment, andprice trendsand reversals.This approachmay result in thePortfolio

concentrating its investments in a specific country,industry, sectoror typeof fixed-incomeordebt securityif the sub-advisor is of theview that such country,industry, sectoror fixed-incomeordebt securitywilloutperformother investments ona relative basis



Formore informationon the Invesco IntactiveMaximumGrowthPortfolio, seepage306of this prospectus.


Invesco Intactive Maximum Growth Portfolio Class (continued)



RisksPrimary

riskSecondary

risk




Commodity risk „

Credit risk „

Currency risk „

Derivative risk „

Equity risk „



Index fund risk „



Series risk „



As at July5, 2011, four investors held, respectively,22.63%,11.74%,15.87%and 16.03%of the shares of theFund. Please seeLarge transaction riskonpage 10 fordetails of the risks associatedwitha possible redemptionof these shares.


Investorswho:


m Arewilling to accept some fluctuations in thevalue ofthe portfolio over the short-to-mediumterm







Distributionpolicy

SeriesA,F,PandPF





m Series T4: 4%

m Series T6: 6%

m Series T8:8%



Weautomatically reinvestdividendsand returnsofcapitalin theFund if youhold your shares inside a registeredplan.Outside a registeredplan, (i) anymonthlyordinary



dividendswill be paid and/ormonthly returns ofcapitalwill bemade toyoubychequeordirectdeposit toyourbankaccount unlessyou request that suchdividendsandreturnsofcapital be reinvested in the Fund, and (ii)weautomatically reinvest the annual additional ordinarydividends, ifany, and theannual capital gains dividends, ifany, unlessyou request that suchdividendsbepaid bychequeordirectdeposit toyour bankaccount.







Invesco Intactive TargetDate Portfolios

The Invesco IntactiveTargetDatePortfolios are designedto allowyou to convert a portionof youraccumulatedassets into regularmonthlydistributionsovera definedperiod of time.Youshould select the Invesco IntactiveTarget DatePortfoliowith the appropriate timehorizonby taking intoaccount your specific income flowrequirements, in consultationwithyourAdvisor. EachInvesco Intactive TargetDatePortfolio seeks toachieveatotal investment returnuntil its horizondate.

The Invesco IntactiveTargetDatePortfolios offer theoptionof providing regularmonthlycashdistributionsduring your retirementorasyouapproach retirement.Themonthlydistributionyou receive is not a guaranteedamount.The Invesco IntactiveTargetDatePortfoliosmaynot provide a complete solution for your retirementincomeneedsand should beusedas part ofanoverallretirement income strategy.

The Invesco IntactiveTargetDatePortfolios employadynamic asset allocation strategyand invest primarily inamixof InvescoCanadaFunds andETFs that in turninvest primarily in equity, fixed-incomeand/ormoneymarket securities.The asset allocationmixofeach

Invesco IntactiveTargetDatePortfolio is rebalancedonanongoingbasis according to its strategic assetallocation.Theunderlying InvescoCanadaFundsandETFsinwhichan Invesco IntactiveTargetDatePortfolio investsmaychange fromtime to time, aswell as thepercentageof the Invesco IntactiveTargetDatePortfolio’s assetsinvested in eachunderlying fund.The Invesco IntactiveTargetDatePortfolios are constructed so that theassetallocationmixamongequity, fixed-incomeand moneymarket funds gradually growsmore conservative.Overtime, fewerofeach Invesco IntactiveTargetDatePortfolio’s assetswill be invested in equity funds andagreater share of the Invesco IntactiveTargetDatePortfolio’s assetswill be invested in fixed-incomeandmoneymarket funds, until the Invesco IntactiveTargetDatePortfolio reaches its horizondate.Thehorizondateforeach Invesco IntactiveTargetDatePortfolio isDecemberof theapplicableyear incorporated in its name.Forexample, Invesco Intactive 2023Portfolio has ahorizondateofDecember2023. In selecting theappropriate Invesco Intactive TargetDatePortfolio,youshould consider, amongother things, theperiodof timeoverwhichyouseek to receivemonthly payments.

The chart belowshowshow the target asset allocation changesover time foreach Invesco IntactiveTargetDatePortfolio:

Equity mutual funds and ETFs

GlidePath strateqy for managing risk and maximizing returns

Gold/silver ETFs

Portfolio allocations become more conservative over time

Years to horizon date

Fixed-income mutual funds and ETFsMoney market mutual funds and short-term investments

100

80

60

40

20

0

30 25 20 15 10 5 0

Port

folio

allo

catio

n (%

)

RetirementPayoutPortfolio2038




Details of the current asset allocationof yourInvesco Intactive TargetDatePortfoliomaybeobtainedfromusupon requestor byconsulting yourAdvisor.

The Invesco IntactiveTarget DatePortfolios havebeendesigned toprovideyouwithanaggregate annualdistributionperunit that is paidmonthly (the “PlannedAnnualAmount”).The distributions generally consist of


net incomeand/oramounts treated as returns ofcapital.Theannual targetdistribution rate (the “TargetDistributionRate”) is basedonaquantitative analysis ofhistoricalmarket returns andother factors and isdesigned, but notguaranteed, to keeppacewith inflationovereach Invesco IntactiveTargetDatePortfolio’s timehorizon. Dependingon inflation rates, investment returns,andothercriteria, themonthly paymentsmay reflect areturn that is greateror less than the rate of inflation inanygivenyear.

Themonthlydistribution that youwill receiveoneachunitthat youown inaparticular Invesco IntactiveTargetDatePortfolio is set at the beginning ofeachyearandwillremain the same throughout theyear.Thedollaramountof themonthly paymentswill dependon, amongotherfactors, theTargetDistributionRate, the investmentperformanceof the Invesco IntactiveTargetDatePortfolio and theamount invested.Any incomeearned inexcess of themonthly paymentswill be automaticallyreinvested in additional units of the same series of theInvesco Intactive TargetDatePortfolio.

Distributionswill automatically be reinvested in theInvesco Intactive TargetDatePortfolio if youhold unitsinside a registeredplan.Outside a registeredplan, anydistributions fromthe Invesco IntactiveTargetDatePortfoliowill be automatically reinvested in additionalunits of the Invesco IntactiveTargetDatePortfolio, unlessyou request that suchdistributions bepaid bychequeordirectdeposit toyourbankaccount.

The annual expectedTargetDistributionRates are set outin the following table:

Years tohorizondate

AnnualTargetDistribution

Rate (%)

30 5.00

29 5.07

28 5.14

27 5.22

26 5.31

25 5.40

24 5.52

23 5.66

22 5.80

21 5.96

20 6.13

19 6.35

18 6.59

17 6.86

16 7.16

15 7.50

14 7.92

13 8.40

12 8.96

11 9.60

10 10.37

9 11.35

8 12.56

7 14.08

6 16.07

5 18.75

4 22.83

3 29.25

2 40.79

1 67.70

It is not anticipated that theannual TargetDistributionRatewill be adjusted, althoughwe reserve the right todoso, in appropriate circumstances.Youcan review theTargetDistributionRate andhow thePlannedAnnualAmount is calculated for your Invesco Intactive Target


Invesco Intactive TargetDate Portfolios (continued)

DatePortfolio atwww.invesco.caor byconsultingyourAdvisor.

Oncean Invesco Intactive TargetDatePortfolio reachesits horizondate, the Invesco IntactiveTargetDatePortfoliowill, at ourdiscretionandonadate tobedeterminedbyus, (i) bewoundupand its assetsdistributed toany remaining investors, or (ii) undertakeareorganizationwith, or transfer its assets to, aCanadianmoneymarket fund that ismanagedbyusoroneofouraffiliates orassociates.

The following series ofexamples is designed to illustratehowwecalculate themonthlydistributions fora givencalendar year.The example assumes that you invest$300,000 in Invesco Intactive2023Portfolio (whichhas ahorizondate ofapproximately 12 years fromthedate ofthis SimplifiedProspectus).

First,wedetermine theannual target paymentamountforeach series ofan Invesco IntactiveTargetDatePortfolio bymultiplying theapplicable annual TargetDistributionRate by thenet asset valueof the series attheendof theprevious calendar year (actual numbersmay vary):

AnnualTargetDistributionRate Seriesyear-endNAV

Seriesannual targetpaymentamount

8.40% x $12.43 = $1.044/unit

Second,wedetermine amonthly target paymentamountforeach series ofan Invesco IntactiveTargetDatePortfolio bydividing the series’annual target paymentamount by 12 (actual numbersmayvary):

Seriesannual targetpaymentamount

Seriesmonthly targetpaymentamount

$1.044 � 12 = $0.0870/unit

Third,wedetermine the dollaramountof yourmonthlypayment bymultiplying thenumberof units of the seriesyouown, by the series’monthly target paymentamount(actual numbersmayvary):

Numberofannual unitsheld

Seriesmonthly targetpaymentamount Monthlypayment

24,135 x $0.0870/unit = $2,100

Thedollaramountof yourmonthly payments shouldremain the same ineachmonthofa givencalendar year,provided thenumberof unitsyouhold remains constantduring theyear.Theactualmonthly paymentamountmayvary slightlydue to rounding. Buying additional units orredeemingunits ofan Invesco IntactiveTargetDate

Portfolio generallywill increase ordecrease, respectively,the dollaramountof yourmonthly payment.

The regularmonthlydistributions fromeachInvesco IntactiveTargetDatePortfoliowill generallycomprise a combinationof incomeand returnofcapital.Forexample, if the net incomegeneratedby theInvesco IntactiveTargetDatePortfolio’s investments in amonth is less than thedollaramountof your payment forthatmonth, thenaportionof themonthly paymentwillcome froma returnofcapital. If the amountofanInvesco IntactiveTargetDatePortfolio’s incomegenerated foragivenmonth is equal toorgreater thanthe dollaramountof your payment for thatmonth, thenthe entiremonthly paymentwill come from income.Thesupplemental distributionmadeonanannual basiswillconsist of incomeand realized capital gains needed toreduce the tax liabilityof the Invesco IntactiveTargetDatePortfolio tonil. See Income taxconsiderations forinvestorsonpage50 fordetails of the impact that areturnofcapital hasonyour units.

The informationpresented in this section is only intendedas aguide.Youshould consult yourAdvisor regardingwhich Invesco Intactive TargetDatePortfolio is bestsuited toyourpersonal retirementgoals.


Invesco Intactive TargetDate Portfolios (continued)

Invesco Intactive 2023 Portfolio

Funddetails

Fund type Life cycle

Securities offered SeriesA, SeriesF, Series I andSeriesPunits ofamutual fund trust

Startdate SeriesA: June2, 2008Series F: June2, 2008Series I: June2, 2008SeriesP: June2, 2008



SeriesA: 1.75%Series F:0.75%Series I: negotiatedandpaid byeachSeries I investorSeriesP: 1.65%

Sub-advisors InvescoAdvisers, Inc.,Atlanta,Georgia, forcashportionof thePortfolio and forassetallocationInvescoAssetManagementLimited,London, England, forcurrencyhedging

Please read thesection“Invesco IntactiveTargetDatePortfolios” onpage314prior to reading theFunddetails for this Fund.



Invesco Intactive 2023Portfolio seeks toachieve a totalinvestment returnuntil its horizondateofDecember2023.Total investment return includes interest, dividendsand capital gains.

ThePortfolio uses dynamicasset allocation toallocateassets amongmutual funds,whichmay includeexchange-traded funds (ETFs), that aremanagedby themanageroroneof its affiliates orassociates.Thesemutual funds invest primarily in fixed-incomeand/orotherdebt securities or primarily in equity securities. Inaddition, thePortfoliomay investdirectly inmoneymarket instruments orother short-termdebt securities.As thePortfolio approaches its horizondate, anincreasing proportionof its assetswill be invested infixed-income funds,moneymarket funds and/or short-termdebt securities. As a result, the asset allocationofthePortfoliowill become increasinglyconservative tofocus oncapital preservationand income.

ThePortfolio seeks toprovide a regulardistributionstreamfor its investors.Once thePortfolio reaches itshorizondate, thePortfoliowill, at themanager’sdiscretionandonadate tobedeterminedby themanager, (i) bewound upand its assets distributed toanyremaining investors or (ii) undertakea reorganizationwith, or transfer its assets to, aCanadianmoneymarketfund that ismanagedby themanageroroneof itsaffiliates orassociates.

The investmentobjectives of thePortfolio cannot bechangedwithout the approval ofamajorityof theinvestors at ameeting called to consider the change.


Toachieve these objectives, theportfoliomanagement team:

m Determines thedynamicasset allocation strategy forthePortfolio andallocates thePortfolio’s assets amongtheunderlying funds accordingly. As of June 10, 2011,thePortfolio’s strategic asset allocationwas:

EquityFundsorETFs 39%

Fixed-IncomeFundsorETFs 41%

Gold/SilverETFs 4%

Moneymarketand short-term investmentmutual funds 16%

m Selects for thePortfolio the appropriate activelymanagedunderlyingmutual fundsmanagedbyus orbyoneofouraffiliates orassociates. Inmaking thisselection, the portfoliomanagement teamconsiderseachunderlying fund’s investmentobjectives andstrategies, security holdings, past performance andhistorical volatility

m Selects for thePortfolio the appropriate underlyingpassivelymanaged index fundsandETFs. Inmaking thisselection, the portfoliomanagement teamconsidersthe index that each fundorETF is designed to replicateor represent

mMonitors andperiodically rebalances thePortfolio’sassets to the strategic asset allocation. Eachyear, asthePortfolio advances toward its horizondate, thestrategic asset allocationof thePortfolio is adjusted toreflectamoreconservativemixofassets,withagreateremphasis oncapital preservationand income. Foratable illustrating how the strategic asset allocationscanbeexpected to change through to thePortfolio’shorizondate, see Invesco IntactiveTargetDatePortfoliosonpage314.Theportfoliomanagement team


may, in its discretion,modify the strategic assetallocations to bettermeet thePortfolio’sinvestmentobjectives

mWill, ona semi-annual basis, addor removeunderlyingfunds andETFsanddetermineeachunderlying fund’sor ETF’sweighting.However, theportfoliomanagementteammay, in its sole discretion, change theunderlyingfunds, ETFs or theirweightings at any time if, in theiropinion, economic conditions, potential forassetgrowthor risks of investment in certain asset classes orsectorswarrant suchchange



The sub-advisor responsible for the cashportionof thePortfoliomay, in its discretion, invest someorall of thecashassets directly inmoneymarket instruments orother short-termdebt securities.ThePortfoliomay investthe cashportionof its assets in securities ofmoneymarket funds that aremanagedbyus oroneofouraffiliates orassociates. Inmaking this investmentdecision, the sub-advisorconsiders anumberof factors,including thePortfolio’s requirement foraCanadianorU.S. dollardenominated short-term investmentand theyield or return to thePortfolio.

The investments held in theunderlying fundsmay tradein foreign currencies, and fluctuations in thevalueof theCanadiandollar relative to thevalueof these foreigncurrenciesmayaffect the performanceof thePortfolio’sinvestments in theunderlying funds.The currencyhedging sub-advisorwill strive to fully hedge the foreigncurrencyexposureofeachcurrencywithin the Fund.However, thiswill likely be impossible todoat all timesgiven, amongother things, thedifficultyof hedgingcertain currencies and the excessive costs of hedgingnon-standardamounts foreachcurrency.The sub-advisor

responsible forcurrencyhedgingwill cause thePortfolioto enter into currency forward contracts for the purposeof hedgingor “locking in” theCanadian-dollar price of theunderlying funds’ investments,whichare denominated inforeign currencies, in order to reduce the foreigncurrencyexposure.The sub-advisor responsible forcurrencyhedgingwill not try to forecastor speculate onexchange rate fluctuations. In addition to currencyforward contracts, thePortfoliomayuseoptions, futuresandotherderivatives to conduct thehedging activitiesdescribed above.ThePortfoliomayalsouse derivatives tohedge against other potential losses.






Invesco Intactive 2023 Portfolio (continued)

RisksPrimary

riskSecondary

risk




Commodity risk „

Credit risk „

Currency risk „

Derivative risk „

Equity risk „


Index fund risk „



Series risk „


The sub-advisor responsible for the currencyhedgingwillseek to reduce the impacton thePortfolio of fluctuationsbetween foreign currencies and theCanadiandollar usingstrategies that, in its judgement, are themostappropriatein the circumstances. Itwill take intoaccount such factorsas the typeofderivative instrument, term, price andliquidity. Depending oneconomic andmarket conditions,theremaybe timeswhen thePortfoliomaynot beable tofully protect its underlying assets fromexposure toforeign currencies.




Investorswho:

m Are retiredorareplanning for retirement

mWanta diversified portfolio thatoffers an integratedinvestment andwithdrawal strategy, designed toconvert assets into regularmonthly payments throughto theyear2023

mAre comfortablewitha risk profilewhichmoves frombelowaverage tovery lowas thePortfolio approachesits horizondate.Currently, the risk profile of thePortfolio is belowaverage

Distributionpolicy

ThePortfolio hasbeendesigned toprovideyouwithanaggregate annual distributionper unit that is paidmonthly (the “PlannedAnnualAmount”).ThePlannedAnnualAmount foreach serieswill be adjustedonce ayear, basedon the annual targetdistribution rate (the“TargetDistributionRate”) for that series and theNAVofthat series at the endof the preceding year. Details of thePlannedAnnualAmountare available fromusupon request.

For 2011, the TargetDistributionRate applied to theNAVperunit ofeach series at the endof the preceding year is8.40%.Fora table showing the expectedTargetDistributionRate foreachyear through to theyear 2023,see Invesco IntactiveTargetDatePortfoliosonpage314.We reserve the right to adjust theTargetDistributionRateunderappropriate circumstances.

Monthlydistributions of thePlannedAnnualAmountmaycomprisenet incomeand/oramounts treated as returnsofcapital.The compositionof themonthlydistributions asbetweennet incomeandamounts treated as returns ofcapitalmayvary frommonth tomonth.Additionaldistributions of income, ifany, anddistributions ofrealized capital gains, ifany,will bemadeannually inDecember, to theextent necessary so that thePortfolio isnot taxable.

Weautomatically reinvestdistributions in thePortfolio ifyouhold your units inside a registeredplan.Outside aregisteredplan, (i)weautomatically reinvest anyannualdistributions inadditional unitsof thePortfolio, and (ii) themonthlydistributions in thePortfoliowill be automaticallyreinvested in additional units of thePortfolio unlessyourequest that suchdistributions bepaid bychequeordirectdeposit toyour bankaccount.

All other things being equal, a higher TargetDistributionRatewill result in a largeramount beingdistributed as areturnofcapital. Returns ofcapitalwill result in anencroachment uponyouroriginal investmentandmayresult in the return toyouof the entire amountof youroriginal investment.Outside a registeredplan, a returnofcapitalmade toyou is not immediately taxable inyourhands, butwill reduceyourACBof the relatedunits.However, if the distributions are reinvested in additionalunits of thePortfolio, theACBwill increase by the amountreinvested.Where net reductions to theACBof yourunitswould result in theACBbecominganegative amount,



suchamountwill be treated as a capital gain realizedbyyouand theACBof your relatedunitswill thenbenil. Anyfurther net reductions toACBwill similarly be treated ascapital gains realizedbyyououtside a registeredplan.

Assuming thatmost investors request theirdistributionsbepaid in cash,weexpect that substantiallyall of theassets of thePortfoliowill havebeendistributed toinvestors by thehorizondate.Once thePortfolio reachesits horizondate, thePortfoliowill, at ourdiscretion andonadate tobedeterminedbyus, (i) bewoundupand itsassets distributed toany remaining investors, or(ii) undertakea reorganizationwith, or transfer its assetsto, anexistingCanadianmoneymarket fund that ismanagedbyus oroneofouraffiliates orassociates.

You should consult your taxadvisor regarding the taximplications of receiving distributions (including returnsofcapital) from thePortfolio.




SeriesA $22.55 $71.09 $124.60 $283.63

Series F $11.17 $35.22 $61.74 $140.53

SeriesP $20.30 $63.98 $112.14 $255.27




Funddetails











Invesco Intactive 2028Portfolio seeks toachieve a totalinvestment returnuntil its horizondateofDecember2028.Total investment return includes interest, dividendsand capital gains.









Gold/SilverETFs 5%

Moneymarketand short term investmentmutual funds 11%



mMonitors andperiodically rebalances thePortfolio’sassets to the strategic asset allocation. Eachyear, asthePortfolio advances toward its horizondate, thestrategic asset allocationof thePortfolio is adjusted toreflectamoreconservativemixofassets,withagreateremphasis oncapital preservationand income. Foratable illustrating how the strategic asset allocationscanbeexpected to change through to thePortfolio’shorizondate, see Invesco IntactiveTargetDatePortfoliosonpage314.Theportfoliomanagement


teammay, in its discretion,modify the strategic assetallocations to bettermeet thePortfolio’sinvestmentobjectives













RisksPrimary

riskSecondary

risk




Commodity risk „

Credit risk „

Currency risk „

Derivative risk „

Equity risk „


Index fund risk „



Series risk „






Investorswho:




Distributionpolicy


For 2011, the TargetDistributionRate applied to theNAVperunit ofeach series at the endof the preceding year is6.59%.Fora table showing theexpectedTargetDistributionRate foreachyear through to theyear 2028,see Invesco IntactiveTargetDatePortfoliosonpage314.We reserve the right to adjust theTargetDistributionRateunderappropriate circumstances.












SeriesA $22.76 $71.74 $125.74 $286.21

Series F $10.97 $34.58 $60.60 $137.95

SeriesP $20.60 $64.95 $113.84 $259.14




Funddetails











Invesco Intactive 2033Portfolio seeks toachievea totalinvestment returnuntil its horizondateofDecember2033.Total investment return includes interest, dividendsand capital gains.









Gold/SilverETFs 5%






RisksPrimary

riskSecondary

risk




Commodity risk „

Credit risk „

Currency risk „

Derivative risk „

Equity risk „


Index fund risk „



Series risk „






Investorswho:




Distributionpolicy


For 2011, the TargetDistributionRate applied to theNAVperunit ofeach series at the endof the preceding year is5.66%.Fora table showing theexpectedTargetDistributionRate foreachyear through to theyear 2033,see Invesco IntactiveTargetDatePortfoliosonpage314.We reserve the right to adjust theTargetDistributionRateunderappropriate circumstances.












SeriesA $22.86 $72.06 $126.30 $287.50

Series F $11.17 $35.22 $61.74 $140.53

SeriesP $20.50 $64.63 $113.28 $257.85




Funddetails











Invesco Intactive 2038Portfolio seeks toachievea totalinvestment returnuntil its horizondateofDecember2038.Total investment return includes interest, dividendsand capital gains.









Gold/SilverETFs 5%






RisksPrimary

riskSecondary

risk




Commodity risk „

Credit risk „

Currency risk „

Derivative risk „

Equity risk „


Index fund risk „



Series risk „






Investorswho:




Distributionpolicy


For 2011, the TargetDistributionRate applied to theNAVperunit ofeach series at the endof the preceding year is5.14%. Fora table showing theexpectedTargetDistributionRate foreachyear through to theyear 2038,see Invesco IntactiveTargetDatePortfoliosonpage314.We reserve the right to adjust theTargetDistributionRateunderappropriate circumstances.












SeriesA $22.96 $72.38 $126.87 $288.79

Series F $11.48 $36.19 $63.43 $144.39

SeriesP $20.60 $64.95 $113.84 $259.14



Contact us

Invesco5140 Yonge Street, Suite 800

Toronto, Ontario M2N 6X7

Telephone: 416.590.9855 or 1.800.874.6275

Facsimile: 416.590.9868 or 1.800.631.7008

[email protected]

www.invesco.ca

You can find more information about each Fund in the Fund’s Annual Information Form,

management report of fund performance, if any, Fund Facts Documents and financial

statements. These documents are incorporated by reference into this document, which

means that they legally form part of this document just as if they were printed as part of it.

For a free copy of these documents, call us toll-free at 1.800.874.6275 or ask your

Advisor. These documents and other information about the Funds, such as information

circulars and material contracts, are also available at www.invesco.ca or www.sedar.com.

Invesco is a registered business name of Invesco Canada Ltd.

* Invesco and all associated trademarks are trademarks of Invesco Holding Company Limited, used

under licence. PowerShares and all associated trademarks are trademarks of Invesco PowerShares

Capital Management, LLC. used under licence. Trimark and all associated trademarks are trademarks

of Invesco Canada Ltd.

© Invesco Canada Ltd., 2011

SP0001E(08/11)