景順亞洲平衡基金2020年 3月 31日

Morningstar星號評級TM*

AAAA

景順基金熱線：(852) 3191 8282 景順分銷代理熱線：(852) 3191 8000 傳真：(852) 3128 6500 電子郵件：investorservices@invesco.com 網址 : www.invesco.com.hk

重要提示

20

20

03

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銷售文件詳情

產品資料概要

由2016年4月30日起，基金參考指數 由50% HSBC ADB Index & 50% MSCI AC Asia Pacific ex Japan Index (先前指數) 改為50% Markit iBoxx ADBI and 50% MSCI AC Asia Pacific ex JapanIndex (現有指數)。指數過往表現自2013年1月1日起 (最早的有效數據)以現有指數計算。2013年1月1日前的指數表現為先前指數的表現。投資附帶風險。過往業績並不表示將來會有類似業績。投資者應細閱有關基金章程，並參閱有關產品特性及其風險因素。此文件未經證券及期貨事務監察委員會審閱，並由景順投資管理亞洲有限公司(Invesco Asset Management Asia Limited)刊發(自2020年1月16日起，景順投資管理有限公司(Invesco Hong Kong Limited))。©2020 版權為 Morningstar Inc. 所有。本報告所包含的資料：(一) 屬於 Morningstar及其資料提供商的專利； (二)不可複印或分發及 (三) 僅作參考用途。Morningstar及其資料來源提供商不會就使用本報告而引起的任何賠償或損失承擔責任。資產配置相關數據是 Morningstar參考景順 (Invesco) 所提供的基金之所有持股資料作計算。 Morningstar之特許工具和內容是由交互式數據管理方案作支援。除另有說明外，所有數據均截至本文件之日期及由景順提供。投資組合比重與分佈將不時變動。各項投資分佈數據的總和可因小數進位情況而不相等於100。*資料來源：所有數據均截至本文件之日期。股份類別表現及Morningstar星號評級資料來自©2020 Morningstar。 參考指數表現來自景順。Morningstar星號評級 (如有) 是指基金表現圖表所示的股份類別。股份類別投資表現以資產淨值對資產淨值以股份類別貨幣計算，其股息作滾存投資。

重要提示

- 本基金投資於亞太區（不包括日本）股票及債務證券。- 投資者務請留意動態資產配置風險, 新興市場風險, 投資於亞太區（不包括日本）股票及債務證券的集中風險, 投資REIT的風險, 有關投資於具有吸收虧損特點的債務工具包括高級非優先債務，或有可轉換債券

相關的風險，因為當發生預設觸發事件時，該等工具一般須承受被撇減或轉換為普通股的風險，並可能令該等工具的價值大幅下降，甚至降至毫無價值, 貨幣匯兌風險, 股票風險, 信貸評級風險, 波動風險, 一般投資風險, 債券或其他定息證券投資須承擔：(a) 利率風險 (b) 信用風險（包括違約風險, 評級下調風險及流通性風險）(c)有關投資於高收益債券／非投資級別債券及未評級債券的風險。

- 本基金可為有效率投資組合管理及對沖目的而投資金融衍生工具。與金融衍生工具相關的風險包括交易對手／信用風險、流通性風險、估值風險、波動風險及場外交易風險。金融衍生工具的槓桿元素／成份可導致損失顯著高於本基金投資於金融衍生工具的金額。涉足金融衍生工具或會導致本基金須承擔蒙受重大損失的高度風險。

- 就若干股份類別而言，本基金可酌情從資本及／或實際上從資本撥付股息即屬自投資者的原有投資或自該筆原有投資應佔任何資本增值作部份退回或提款。任何有關分派或會令該類股份的每股資產淨值於每月派息日期後即時下降。(註一)

- 再者，貨幣對沖每月派息－1股份類別(每月派息－1對沖)的投資者需注意相對利率的不明朗因素。由於每月派息－1對沖股份類別計價貨幣與本基金基本貨幣間的利率差距波動，故與其他股份類別相比，每月派息－1對沖股份類別的資產淨值或會波動，亦有可能顯著不同，與其他非對沖股份類別相比的資本蠶食可能會更嚴重。(註二)

- 本基金價值可以波動不定，並有可能大幅下跌。- 投資者不應單憑本文件而作出投資決定。

投資目標及政策概要

旨在透過投資於亞太區（不包括日本）股票及債務證券以賺取收入。本基金的目標是通過亞太區（不包括日本）配置股票（包括上市房地產信託基金）及債務證券組合，以取得長期資本增值。

基金基本資料

基金經理 郭韶瑜, 劉杰翔, 丁一飛

股份類別推出日期

A(美元)每季派息股份 31/10/08

法律地位 盧森堡SICAV，UCITS地位

股份類別貨幣 美元

基金總值 美元 305.02 百萬

首次認購費(最高) 5.00%

每年管理費 1.25%

參考指數 50% Markit iBoxx ADBI and 50% MSCI AC Asia Pacificex Japan Index

資產分佈 %

股票 63.1

債券 35.5

現金 1.5

參考 互動語音系統代碼

彭博代碼 ISIN代碼

A(澳元對沖)每月派息-1股份 940 IABAMAH LX LU1075212750

A(加元對沖)每月派息-1股份 941 IABAMCH LX LU1075212834

A(歐元對沖)累積股份 926 INASBAH LX LU0482498259

A(港元)每月派息股份 937 INBAIMH LX LU1075207677

A(港元)每季派息股份 927 INASAHQ LX LU0580551074

A(紐元對沖)每月派息-1股份 942 IABAMNH LX LU1075213055

A(美元)累積股份 921 INASBAA LX LU0367026217

A(美元)每月派息股份 933 INASBAU LX LU0941602780

A(美元)每月派息-1股份 934 INAMDUS LX LU0955864656

A(美元)每季派息股份 920 INASBAI LX LU0367026134

收益率 %

股票 3.67

債券 5.58

股票收益率指組合內股票投資的股息率，債券收益率指組合內債券投資的期滿孳息，該等數據並非投資者將收取之股息。有關年息率，請參閱派息資料。

基金特點(三年)*

A(美元)每季派息股份

波幅 8.98

組別波幅 10.90

波幅是根據基金在過去3年的每年回報以標準誤差及基金之基本貨幣計算。組別波幅指由Morningstar 所訂定為亞洲股債混合組別之離岸及國際基金的波幅。

基金表現*

景順亞洲平衡基金 (A(美元)每季派息股份) 參考指數

03/15 03/16 03/17 03/18 03/19 03/2070

80

90

100

110

120

130

累積表現*

% 年初至今 1年 3年 5年

A(澳元對沖)每月派息-1股份 -13.43 -13.00 -9.02 -9.85

A(加元對沖)每月派息-1股份 -12.96 -12.32 -9.41 -12.69

A(歐元對沖)累積股份 -13.14 -13.91 -13.98 -18.35

A(港元)每月派息股份 -12.93 -12.44 -6.87 -9.59

A(港元)每季派息股份 -12.95 -12.47 -6.89 -9.62

A(紐元對沖)每月派息-1股份 -13.22 -12.67 -7.99 -7.28

A(美元)累積股份 -12.57 -11.36 -6.71 -9.64

A(美元)每月派息股份 -12.50 -11.31 -6.57 -9.52

A(美元)每月派息-1股份 -12.56 -11.39 -6.60 -9.61

A(美元)每季派息股份 -12.59 -11.40 -6.69 -9.62

參考指數 -12.07 -6.07 5.35 12.20

年度表現*

2015 2016 2017 2018 2019

-6.25 3.30 13.85 -9.47 6.44

-7.66 1.86 12.87 -10.01 6.63

-8.08 0.78 11.42 -11.63 4.39

-7.84 2.32 14.42 -8.76 6.99

-7.84 2.33 14.38 -8.76 6.99

-5.05 3.81 14.42 -9.16 6.55

-7.78 2.26 13.50 -8.95 7.60

-7.80 2.30 13.54 -9.02 7.65

-7.72 2.22 13.51 -8.93 7.61

-7.80 2.29 13.45 -8.92 7.63

-3.55 6.22 20.30 -7.15 15.31

派息資料(旨在每月/季/半年/年派息，派息並不保證。每月派息- 1 股份之派息可從股本中分派。(請注意「重要提示」註一及/或註二))

擬分配頻率 記錄日 每股派息 年息率 (%)

A(澳元對沖)每月派息-1股份 每月 31/03/20 0.0290 5.80%

A(加元對沖)每月派息-1股份 每月 31/03/20 0.0310 5.99%

A(港元)每月派息股份 每月 31/03/20 0.0892 1.47%

A(港元)每季派息股份 每季 28/02/20 0.2346 0.89%

A(紐元對沖)每月派息-1股份 每月 31/03/20 0.0300 6.04%

A(美元)每月派息股份 每月 31/03/20 0.0090 1.38%

A(美元)每月派息-1股份 每月 31/03/20 0.0370 6.33%

A(美元)每季派息股份 每季 28/02/20 0.0299 0.89%

年息率(%) = ( 每股派息X 頻率) ÷ 紀錄日單位淨值。基金資產淨值於股息派發之除淨日或會下跌。有關頻率為：每月= 12；每季= 4；每半年=2；每年=1。所有價值不足50美元（或其等值）的股息，均會自動用於增購同類股份。正派息率並不意味著正回報。

持有投資 (總持量: 113)

持量最多之十項投資 %

Sun Art Retail 4.3

President Chain Store 4.3

Samsung Electronics 3.2

Huayu Automative Systems 3.2

Tencent 3.1

China Mobile 3.1

Alibaba 2.7

Formosa Plastics 2.5

TTW 2.4

Hengan International 2.2

地區分佈 %

中國 52.2

台灣 14.9

韓國 6.3

香港 5.0

印度 4.8

泰國 4.4

印尼 4.4

新加坡 3.6

其他 3.0

現金 1.5

行業分佈 %

金融 16.2

通訊服務 13.5

副消費品 13.4

消費必需品 10.8

資訊科技 10.4

工業 10.1

公用事業 9.6

原材料 5.4

其他 9.2

現金 1.5

信貸評級分佈 平均評級: BBB%

A 4.6

BBB 29.1

BB 0.8

B 0.8

沒有評級 0.2

股票 63.1

現金 1.5

1

香港投資者注意

本概要提供有關本產品的重要資料。 本概要為章程的一部份，並應與章程一併閱讀。

請勿單憑本概要而投資於本產品。

資料一覽

基金經理／管理公司: Invesco Management S.A.

投資經理: 設於香港的景順投資管理有限公司（內部委任）

基本貨幣: 美元

保管人（存管機構）: The Bank of New York Mellon SA/NV, Luxembourg Branch

交易頻密程度: 每日

財政年度終結日: 2 月最後一天

全年持續收費： A（澳元對沖）每月派息－1－澳元類別 A（加元對沖）每月派息－1－加元類別 A（歐元對沖）累積－歐元類別 A（紐元對沖）每月派息－1－紐元類別 A（累積－美元）類別 A（每月派息－港元）類別 A（每月派息－美元）類別 A（每月派息－1－美元）類別 A（每季派息－港元）類別 A（每季派息－美元）類別 C（歐元對沖）累積－歐元類別 C（累積－美元）類別

1.66%+ 1.66%+ 1.66%+ 1.66%+ 1.66%+ 1.66%+ 1.66%+ 1.66%+ 1.66%+ 1.66%+ 1.11%+ 1.11%+

+ 持續收費數據乃根據截至 2018 年 8 月 31 日止期間年率化費用除以同期平均資產淨值計算。該數據可能每年作出調整，並不包括組合交易費用。

股息政策: 淨收入分派（股息（如有）將會向投資者派付） 累積（股息（如有）將會再投資於本基金） 每月派息－1（股息（如有）將會每月向投資者派付。SICAV 可酌情(a)從總收入撥付部份股息，(b)從資本撥付部份股息，及(c)就對沖每月派息－1 股份類別而言（如適用），派付股份類別計價貨幣與本基金基本貨幣間的利率差距。本基金或會從資本及／或實際上從資本撥付股息，或會令此類股份的每股資產淨值於每月派息日期後即時下降）

最低投資額／最低認購額： 股份類別 A C 首次（申請表格所列 1,500 美元 1,000,000 美元 任何交易貨幣） 1,000 歐元 800,000 歐元 1,000 英鎊 600,000 英鎊 10,000 港元 8,000,000 港元

120,000 日圓 80,000,000 日圓 1,500 澳元 1,000,000 澳元 1,500 加元 1,000,000 加元

2,000 紐元 1,200,000 紐元 其後 - -

產品資料概要景順亞洲平衡基金

景順盧森堡基金系列(SICAV)附屬基金 發行機構： 直至 2020 年 1 月 15 日，景順投資管理亞洲有限公司 自 2020 年 1 月 16 日起，景順投資管理有限公司 2019 年 12 月 20 日

景順亞洲平衡基金

2

本基金是什麼產品？ 景順亞洲平衡基金 （「本基金」）乃以互惠基金形式組成的基金，於盧森堡註冊，受盧森堡監管當局 CSSF 監管。

目標及投資策略

本基金的主要目標，是透過投資於亞太區（不包括日本）股票及債務證券以賺取收入。本基金並以提供長期資本增值為目標。

本基金將主要（本基金最少70%的資產淨值）投資於一項多元化亞太區（不包括日本）股票及債務證券組合。股票與債務證券之間的分配比例可按投資經理酌情決定及因應市況而改變。亞太區（不包括日本）上市房地產投資信託基金（「REIT」）亦在此範疇之內。

本基金可將其最多10%的資產淨值透過互聯互通投資於在上海或深圳證券交易所上市的中國A股。

本資金可將合共不超過30%的資產淨值投資於現金與等同現金、貨幣市場工具、不符合上述規定的公司或其他實體所發行的股票、股票相關證券及債務證券。

本基金可投資於具有損失吸收特點的債務工具（「LAP」），除包括彭博具有內部財務重整性質的先償非優先債券或被彭博分類為具有內部財務重整性質的任何其他債務證券以外，亦包括或有可轉換債務證券及符合《銀行業(資本)規則》下額外一級資本或二級資本合資格準則的債務工具以及在非香港司法管轄區的同等制度下發行的債務工具。倘若發生觸發事件，該等工具可能面臨或有減值或或有轉換至普通股份。本基金對LAP的總投資預期最高佔其資產淨值的40%。

本基金在國家分配上採取靈活的方針，涵蓋亞太區（包括印度次大陸及大洋洲，但不包括日本）的投資。

本基金可將不超過10%的資產淨值投資於未評級及／或信用評級未達投資級別的國家所發行或擔保的證券。

本基金可將不超過60%的資產淨值投資於未評級（未經任何國際評級機構（例如穆迪、標準普爾及惠譽）評級的債務證券）及／或信用評級未達投資級別（未達投資級別的定義為標準普爾及惠譽給予BBB-以下，或穆迪給予Baa3以下的信貸評級，或由國際認可評級機構給予同等評級）的債務證券。

本基金可為對沖及有效率投資組合管理目的而運用衍生工具，包括（但不限於）期貨、遠期合約、不交收遠期合約、互換及複雜期權結構工具。該等衍生工具並可就衍生工具再訂立衍生工具（即遠期互換、互換期權）。然而，本基金不會為投資目的而廣泛運用金融衍生工具（即訂立金融衍生工具以達致投資目標）。

衍生工具的運用／投資

基金的衍生工具風險承擔淨額1最多可佔該基金資產淨值的 50%。

有哪些主要風險？ 投資涉及風險。請參閱章程以瞭解詳情（包括風險因素）。

一般投資風險 - 本基金不能保證可達致其投資目標。本基金所投資的工具的價值或會因下文任何主要風險因素而下跌，因此閣下於本基金的投資可能蒙受損失。本基金不保證能夠退還本金。

貨幣匯兌風險

- 本基金的資產可能投資於並非以本基金基本貨幣計價的證券。此外，股份類別的指定貨幣未必為本基金基本貨幣。本基金的資產淨值可能因該等貨幣與基本貨幣之間的匯率波動或匯率管制變動而受到不利影響。

- 就對沖股份類別而言，有關方面並不保證股份計價貨幣的風險承擔能夠一直與本基金的基本貨幣或本基金資產計價的一種或多種貨幣完全對沖。投資者並請注意，倘若該策略成功實施，有關類別股份股東所獲得的利益或會因股份類別貨幣兌本基金基本貨幣的價值下降而大大減少。若投資者要求支付贖回款項的貨幣並非股份計價貨幣，則該種貨幣兌股份計價貨幣的風險承擔將不獲對沖。

波動風險 - 投資者請注意，本基金投資組合的波動或會導致本基金的資產淨值大幅波動，可能對本基金的每股資產淨值構成不利影響，投資者或會因而蒙受損失。

股票風險 - 所持股本證券的價值及所得收入均可升可跌，本基金未必可收回最初投入該等證券的款額。股本證券的價格及所賺取收入或會因為若干事件（包括發行機構的業務和業績、一般政治、經濟及市場狀況、區域或全球經濟動盪以及匯率及利率波動）而下跌。因此，本基金及／或投資者利益或會因而蒙受不利影響。

信用風險

- 投資於債券、債務或其他定息證券（包括企業及主權債券）須承擔發行機構不支付該等證券的利息及本金的

1 有關衍生工具風險承擔淨額計算方法的詳情，請參閱發售文件。

景順亞洲平衡基金

3

風險。發行機構的財政狀況若出現逆轉，證券質素即會下降，該證券的價格波動亦會加劇。

- 於購入當時屬投資級別的證券有可能被降級。被降級風險因時而異。本基金的投資政策並無具體規定本基金必須在一旦該等證券被降級至低於投資級別時沽出該等證券。此外，投資經理及／或副投資經理（如適用）可能無法出售被降級的債務工具。投資於未達投資級別證券須承擔較高違約風險，本基金及／或投資者利益可能因此蒙受不利影響 。

投資於高收益債券／非投資級別債券及未評級債券的風險 - 本基金可投資於涉及重大風險的高收益債券／非投資級別債券及未獲評級債券。以發行機構支付本金及利息的能力衡量，高收益債券／非投資級別債券及未獲評級債券被視為絕大部份屬投機性質。高收益債券／非投資級別債券及未獲評級債券的發行機構可能存在高度槓桿、流通性較低及波動性較高，而且未必可使用較傳統的融資方法。經濟衰退或會對發行機構的財務狀況以及由該實體發行的高收益債券／非投資級別債券及未評級債券的市值造成不利影響。與較高評級債券相比，高收益債券／非投資級別債券及未評級債券一般承擔較大的本金及利息損失風險。因此，本基金及／或投資者利益或會蒙受不利影響。

利率風險 - 若本基金投資於債券或定息證券，其價值或會因利率變動而下跌，本基金資產淨值或會因而蒙受不利影響。一般而言，利率下跌時，債務證券的價格會上升，利率上升時則會下跌。較長期的債務證券通常對利率變動較為敏感。

流通性風險 - 本基金可能因其投資證券的市場流通性下跌而受到不利影響，本基金部份證券可能變成不流通，令本基金難以及時按公平價格出售證券。

信貸評級風險 - 評級機構給予的信貸評級存在限制，不能時刻保證該證券及／或發行機構的信譽。

集中風險 - 由於本基金將主要投資於亞太區（不包括日本）股票及債務證券，該種集中情況可能涉及較一般為高的風險程度，故本基金或會出現高於平均的波幅。投資於具備較廣泛投資組合的基金通常可獲享的分散風險利益或不適用於本基金。

投資於 REIT 的風險

- 本基金不會直接投資於房地產，而在其直接投資於 REIT 的範圍內，於本基金層面的任何股息政策或股息派付未必代表相關 REIT 的股息政策或股息派付。相關 REIT 不一定獲 CSSF 及／或香港證券及期貨事務監察委員會（「證監會」）認可。

- 請留意，本基金乃根據證監會單位信託及互惠基金守則（而非證監會的房地產投資信託基金守則）而獲認可。CSSF 及／或證監會認可並不暗示正式核准或推薦。

新興市場風險 - 本基金因投資新興市場可能涉及更高風險及一般與投資於較成熟市場無關的特別考慮因素，例如影響相關市場的流通性風險、貨幣風險／管制、政治及經濟的不確定因素、政策、法律或監管事件及稅務風險、結算風險、託管風險以及高度波動的可能性。

與投資於具損失吸收特點的債務工具（LAP）相關的風險

- 具有損失吸收特點的債務工具與傳統債務工具相比須承受較大風險，因為有關工具在發生預先界定的觸發事件（例如發行人接近或無法繼續營運或發行人資本比率下降至低於指定水平）後通常會面臨減值或轉換為普通股，有關觸發事件可能不在發行人的控制範圍內。該等觸發事件複雜且難以預測，並可能導致有關工具的價值顯著或全面下跌。

- 倘若引發觸發事件，可能會影響整個資產類別的價格並造成波動。具有損失吸收特點的債務工具亦須承受流動性、估值及行業集中度風險。

- 本基金或會投資於或有可轉換債務證券，通常稱作 CoCos，該等證券相當複雜且風險較高。發生觸發事件時，CoCos 可能會轉換為發行人股份（價格可能出現折讓）或永久性減值至零。CoCos 的票息付款由發行人酌情釐定並可因任何理由於任何時間範圍內隨時取消。

- 本基金可投資於先償非優先債務。儘管該等工具的受償通常優先於次級債務，但在發生觸發事件時或會面臨減值並且不再屬於發行人的債權人排列內。這可能導致投資者損失全部本金。

為有效率投資組合管理及對沖目的而投資金融衍生工具的風險 - 本基金的投資項目可包含為達致有效率投資組合管理或意圖對沖或減輕其投資的整體風險而運用的金融衍生工具。與金融衍生工具相關的風險包括交易對手／信用風險、流通性風險、估值風險、波動風險及場外交易風險。金融衍生工具的槓桿元素／成份可導致損失顯著高於本基金投資於金融衍生工具的金額。涉足金融衍生工具或會導致本基金須承擔蒙受重大損失的高度風險。

從資本撥付股息及／或費用及開支的相關風險

- 從資本及／或實際上從資本撥付股息即屬自投資者的原有投資或自該筆原有投資應佔任何資本增值作部份退回或提款。任何有關分派或會令該類股份的每股資產淨值於每月派息日期後即時下降。

- 就貨幣對沖每月派息 － 1 股份類別而言，在釐定將予支付的分派時，本基金或會考慮對沖每月派息 － 1 股

景順亞洲平衡基金

4

份類別計價貨幣與本基金基本貨幣間的利率差距所帶來的回報。投資者應留意相對利率的不明朗因素，這將影響對沖每月派息－ 1 股份類別的回報 。由於對沖每月派息 － 1 股份類別計價貨幣與本基金基本貨幣間的利率差距波動， 故與其他股份類別相比， 每月派息－ 1 對沖股份類別的資產淨值或會波動，亦有可能顯著不同 ，或會導致從資本撥付的派息金額有所增加 ，因而與其他非對沖股份類別相比的資本蠶食會更嚴重。該股份類別的投資者或會因而受到不利影響。

動態資產配置風險 - 投資經理擁有廣泛的酌情權，可於資產類別範圍內或不同的資產類別之間進行靈活配置。就不同資產類別或同一資產類別的不同分部進行投資配置或會對本基金表現造成重大影響。本基金或會因低配其後錄得顯著回報的市場而錯失極具吸引力的投資機會，亦可能因超配其後錄得顯著下跌的市場而蒙受價值損失。因此，投資於各資產類別（或同一資產類別的不同分部）相關風險之間的關聯性將隨時間而浮動。這可能導致本基金的風險取向出現週期性變動。此外，投資的定期配置或調整或會較運用靜態配置策略的基金產生更高的交易成本。

本基金表現如何？

基金經理認為A（每季派息－美元）類別（「股份類別」），作為本基金提供予香港公眾的焦點基金類別，為最合適的代表單位類別。

基金成立日期：2008年10月31日。 股份類別成立日期：2008年10月31日。 本基金的基本貨幣為美元。 股份類別過往表現的數據以美元計算。 表現數據計算時已扣除持續收費，並包括總收入再投資。計

算時並無包括所顯示的任何認購費／贖回費。 過往表現並不預視未來表現。 投資者未必可取回全數投資金額。 表現的計算以每個曆年年底的資產淨值為準（當中包括股息

再投資）。 左圖的數字顯示股份類別的價值於所示曆年的升幅或跌幅。 如未有顯示某年度的表現，即該年度未有足夠數據計算表

現。

是否有任何保證？ 本基金並無任何保證。閣下未必可取回全部投資金額。

投資本基金涉及哪些費用及收費？ 閣下或須繳付的收費 閣下買賣本基金股份時或須繳付以下費用。 費用 金額

認購費／首次認購費

A 類：不超過投資總額的 5.00%。 C 類：不超過投資總額的 5.00%。

轉換費 最多為轉換股份價值的 1.00%。

贖回費 不適用

景順亞洲平衡基金

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本基金持續繳付的費用 以下開支將從本基金中扣除，閣下的投資回報將會因而減少。 每年收費率（佔本基金價值百分比）

管理費* A 類：1.25% C 類：0.80%

保管費／存管機構費用 最多為 0.0075%

業績表現費 不適用

行政費 不適用

分銷費 A 類：不適用 C 類：不適用

服務代理人費用 A 類：最多為 0.35% C 類：最多為 0.30%

* 該項收費可被調高，惟須經證券及期貨事務監察委員會 （「 證監會 」） 事先批准， 並向投資者事先發出不少於三個月的通知 。

其他費用 閣下買賣本基金股份時或須繳付其他費用。

其他資料 過去 12 個月股息的成份（即從(i)可分派收入淨額，及(ii)資本撥付的相對款額）可向香港分經銷商兼代表查詢，

並載於 www.invesco.com.hk。此網站未經證監會審閱。 經香港分經銷商兼代表於香港時間下午五時（即本基金的交易截算時間）或之前收到閣下完備的認購及贖回要求

後，閣下一般按本基金下一次釐定的資產淨值購買及贖回股份。提交認購或贖回指令前，請向閣下的經銷商查詢其內部截算時間（或會較本基金的交易截算時間為早）。

本基金於每個「營業日」（定義見章程）計算資產淨值，並於每個香港營業日（即香港銀行開門經營一般銀行業務的日子）在 www.invesco.com.hk 刊載股份價格。此網站未經證監會審閱。

投資者可於 www.invesco.com.hk 取得其他向香港投資者提呈發售的股份類別的過往表現數據。此網站未經證監會審閱。

投資者可於 www.invesco.com.hk 取得有關本產品的其他資料。此網站未經證監會審閱。

重要提示 閣下如有任何疑問，應徵詢專業意見。

證監會對本概要的內容並不承擔任何責任，對其準確性或完整性亦不作出任何陳述。

Invesco Asia Balanced Fund31 March 2020

Morningstar RatingTM*AAAA

Invesco Funds Hotline: (852) 3191 8282 Invesco Distributors Hotline: (852) 3191 8000 Fax: (852) 3128 6500 Email: investorservices@invesco.com Website: www.invesco.com.hk

Important Information

2020

03(A

P311

)

Prospectus andFinancial Reports

KFS of the fund

Effective 30 April 2016, the reference benchmark changed from 50% HSBC ADB Index & 50% MSCI AC Asia Pacific ex Japan Index (the “Previous Benchmark”) to 50% Markit iBoxx ADBI and 50% MSCIAC Asia Pacific ex Japan Index (the “Current Benchmark”). Performance of the Current Benchmark applies retrospectively to 1 Jan 2013 (the earliest data available). The benchmark data before 1 Jan2013 belongs to the Previous Benchmark. Investment involves risks. Past performance is not indicative of future performance. Investors should read the relevant prospectus for details, including the riskfactors and product features. This material has not been reviewed by the Securities and Futures Commission and is issued by Invesco Asset Management Asia Limited (������������)(from 16 January 2020, Invesco HongKong Limited (����������)). ©2020 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) isprovided for reference purposes only. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Asset allocation data is derived byMorningstar using full holdings data provided by Invesco. Morningstar Licensed Tools and Content powered by Interactive Data Managed Solutions.All data is as of the date of this document and sourced from Invesco unless otherwise stated.Portfolio weightings and allocations are subject to change. The weightings for each breakdown are rounded to the nearest tenth or hundredth of a percent; therefore, the aggregate weights for eachbreakdown may not equal 100%.*Source: Data as of the date of this document. Performance of the share class(es) and Morningstar rating are sourced from ©2020 Morningstar. Index performance is sourced from Invesco. Morningstarrating (if applicable) is given to the share class as shown in the Indexed performance chart. Performance of the share class(es) is calculated based on NAV to NAV, gross income re-invested in share classcurrency.

Important Information

- The Fund invests in Asia-Pacific equities and debt securities (excluding Japan).- Investors should note the dynamic asset allocation risk, emerging markets risk, concentration risk of investing in Asia-Pacific (excluding Japan) equities and debt securities, risk of investing in REITs, risk associated with

investments in debt instruments with loss-absorption features including senior non-preferred debts, contingent convertible bonds which are subject to the risk of being written down or converted to ordinary shares uponthe occurrence of pre-defined trigger events and may result in a significant or total reduction in the value of such instruments, currency exchange risk, equities risk, credit rating risk, volatility risk, general investmentrisk, and Investment in bonds or other fixed income securities is subject to (a) interest rate risk (b) credit risk (including default risk, downgrading risk and liquidity risk) and (c) risks relating to high yield bonds/non-investment grade bonds and/or un-rated bonds.

- Financial derivative instruments (FDI) may be used for efficient portfolio management purposes or to hedge or reduce the overall risk of investments. Risks associated with FDI include counterparty/credit risk, liquidityrisk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDImay lead to a high risk of significant loss by the Fund.

- For certain share class(es), the Fund may at discretion pay dividend out of the capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capitalgains attributable to that original investment. Any such distributions may result in an immediate reduction of the net asset value per share in respect of such share class after the monthly distribution date. (Note 1)

- In addition, investors of Monthly Distribution-1 share class that are currency hedged (MD-1 hedged) should be aware of the uncertainty of relative interest rates. The net asset value of the MD-1 hedged may fluctuateand may significantly differ from other share class due to fluctuation of the interest rate differential between the currency in which the MD-1 hedged is denominated and the base currency of the Fund and may result ina greater erosion of capital than other non-hedged share class. (Note 2)

- The value of the Fund can be volatile and could go down substantially.- Investors should not base their investment decision on this material alone.

Objectives and investment strategy

Aims at generating income from investment in Asia-Pacific equities and debt securities(excluding Japan). The fund’s aim is long-term capital appreciation through the allocationmix of equities (including listed real estate investment trusts) and debt securities in theAsia-Pacific region (excluding Japan).

Key facts

Fund manager Lorraine Kuo, Chris Lau, Yifei DingShare class launch dateA (USD)-QD Shares 31/10/08Legal Status Luxembourg SICAV with UCITS statusShare class currency USDFund Size USD 305.02 mnInitial Charge (up to) 5.00%Annual Management Fee 1.25%Reference Benchmark 50% Markit iBoxx ADBI and 50% MSCI AC Asia Pacific ex

Japan Index

Asset breakdown %

Equity 63.1Bond 35.5Cash 1.5

References IVRSCode

Bloomberg code ISIN code

A(AUD Hgd)-MD-1 Shares 940 IABAMAH LX LU1075212750A(CAD Hgd)-MD-1 Shares 941 IABAMCH LX LU1075212834A(EUR Hgd)-Acc Shares 926 INASBAH LX LU0482498259A(HKD)-MD Shares 937 INBAIMH LX LU1075207677A(HKD)-QD Shares 927 INASAHQ LX LU0580551074A(NZD Hgd)-MD-1 Shares 942 IABAMNH LX LU1075213055A(USD)-Acc Shares 921 INASBAA LX LU0367026217A(USD)-MD Shares 933 INASBAU LX LU0941602780A(USD)-MD-1 Shares 934 INAMDUS LX LU0955864656A(USD)-QD Shares 920 INASBAI LX LU0367026134

Yield %

Equities 3.67Bonds 5.58Equity yield refers to dividend yield of the underlying equity portfolio. Bond yield refers toyield to maturity of the underlying bond portfolio. These figures are not the dividendyield received by investors. For annualized dividend yield, please refer to Distributioninformation.

3 year characteristics*A (USD)-QD Shares

Volatility 8.98Peer Group Volatility 10.90Volatility is measured by the standard deviation of the fund, based on its annual rates ofreturn over the past 3 years in base currency of the fund. Peer Group Volatility refers tothe volatility of the offshore and international funds which are categorized under AsiaAllocation Sector by Morningstar.

Indexed performance*

Invesco Asia Balanced Fund (A (USD)-QD Shares) Benchmark

03/15 03/16 03/17 03/18 03/19 03/2070

80

90

100

110

120

130

Cumulative performance*

% YTD 1 year 3 years 5 yearsA (AUD Hgd)-MD-1 Shares -13.43 -13.00 -9.02 -9.85A (CAD Hgd)-MD-1 Shares -12.96 -12.32 -9.41 -12.69A (EUR Hgd)-Acc Shares -13.14 -13.91 -13.98 -18.35A (HKD)-MD Shares -12.93 -12.44 -6.87 -9.59A (HKD)-QD Shares -12.95 -12.47 -6.89 -9.62A (NZD Hgd)-MD-1 Shares -13.22 -12.67 -7.99 -7.28A (USD)-Acc Shares -12.57 -11.36 -6.71 -9.64A (USD)-MD Shares -12.50 -11.31 -6.57 -9.52A (USD)-MD-1 Shares -12.56 -11.39 -6.60 -9.61A (USD)-QD Shares -12.59 -11.40 -6.69 -9.62Benchmark -12.07 -6.07 5.35 12.20

Calendar year performance*

2015 2016 2017 2018 2019-6.25 3.30 13.85 -9.47 6.44-7.66 1.86 12.87 -10.01 6.63-8.08 0.78 11.42 -11.63 4.39-7.84 2.32 14.42 -8.76 6.99-7.84 2.33 14.38 -8.76 6.99-5.05 3.81 14.42 -9.16 6.55-7.78 2.26 13.50 -8.95 7.60-7.80 2.30 13.54 -9.02 7.65-7.72 2.22 13.51 -8.93 7.61-7.80 2.29 13.45 -8.92 7.63-3.55 6.22 20.30 -7.15 15.31

Distribution information(Aims to pay dividend on monthly/quarterly/semi-annual/ annual basis. Dividend is not guaranteed; For MD-1 shares, dividend may bepaid out of capital. (Please refer to Note 1 and/or Note 2 of the "Important information")

Intendedfrequency Record date Amount/Share Annualized

dividend (%)A (AUD Hgd)-MD-1 Shares Monthly 31/03/20 0.0290 5.80%A (CAD Hgd)-MD-1 Shares Monthly 31/03/20 0.0310 5.99%A (HKD)-MD Shares Monthly 31/03/20 0.0892 1.47%A (HKD)-QD Shares Quarterly 28/02/20 0.2346 0.89%A (NZD Hgd)-MD-1 Shares Monthly 31/03/20 0.0300 6.04%A (USD)-MD Shares Monthly 31/03/20 0.0090 1.38%A (USD)-MD-1 Shares Monthly 31/03/20 0.0370 6.33%A (USD)-QD Shares Quarterly 28/02/20 0.0299 0.89%Annualized dividend (%) = (Amount/Share X Frequency) ÷ Price on record date. Upon dividend distribution, the Fund's net asset valuemay fall on the ex-dividend date. For Frequency, Monthly = 12; Quarterly = 4; Semi-Annually = 2; Annually =1. All distributions belowUSD 50 in value (or its equivalent) will be automatically applied in the purchase of further shares of the same class. Positivedistribution yield does not imply a positive return.

Holding (total holdings: 113)

Top 10 holdings %

Sun Art Retail 4.3President Chain Store 4.3Samsung Electronics 3.2Huayu Automative Systems 3.2Tencent 3.1China Mobile 3.1Alibaba 2.7Formosa Plastics 2.5TTW 2.4Hengan International 2.2

Geographical weightings %

China 52.2Taiwan 14.9South Korea 6.3Hong Kong 5.0India 4.8Thailand 4.4Indonesia 4.4Singapore 3.6Others 3.0Cash 1.5

Sector weightings %

Financials 16.2Communication Services 13.5Consumer Discretionary 13.4Consumer Staples 10.8Information Technology 10.4Industrials 10.1Utilities 9.6Materials 5.4Others 9.2Cash 1.5

Credit ratings average rating: BBB%

A 4.6BBB 29.1BB 0.8B 0.8Not Rated 0.2Equity 63.1Cash 1.5

1

FOR THE ATTENTION OF HONG KONG INVESTORS

This statement provides you with key information about this product. This statement is a part of the Prospectus and should be read in conjunction

with the Prospectus. You should not invest in this product based on this statement alone.

Quick Facts

Fund Manager/ Management Company: Invesco Management S.A.

Investment Manager(s): Invesco Hong Kong Limited, located in Hong Kong. (Internal delegation)

Base Currency: US Dollar

Custodian (Depositary): The Bank of New York Mellon SA/NV, Luxembourg Branch

Dealing Frequency : Daily

Financial Year End: The last day of February

Ongoing charges over a year:

Class A (AUD hedged) monthly distribution-1 – AUD Class A (CAD hedged) monthly distribution-1 – CAD Class A (EUR hedged) accumulation – EUR Class A (NZD hedged) monthly distribution-1 – NZD Class A accumulation – USD Class A monthly distribution – HKD Class A monthly distribution – USD Class A monthly distribution-1 – USD Class A quarterly distribution – HKD Class A quarterly distribution – USD Class C (EUR hedged) accumulation – EUR Class C accumulation – USD

1.66%+ 1.66%+ 1.66%+ 1.66%+ 1.66%+ 1.66%+ 1.66%+ 1.66%+ 1.66%+ 1.66%+ 1.11%+ 1.11%+

+ The ongoing charges figure is calculated based on annualised expenses for the period ending 31 August 2018 divided by the average net assets over the same period. This figure may vary from year to year. It excludes portfolio transaction costs.

Dividend Policy: Net Income distribution (Dividends, if any, will be paid to investors) Accumulation (Dividends, if any, will be re-invested into the Fund) Monthly Distribution-1 (Dividends, if any, will be paid to investors monthly. The SICAV may, at its discretion, pay (a) a portion of dividends out of gross income, (b) a portion of dividends out of capital, and (c) with respect to hedged Monthly Distribution-1 Share classes (if applicable), the interest rate differential between the currency in which the share class is denominated and the base currency of the Fund. The Fund may pay dividends out of capital and/or effectively out of capital and may reduce the net asset value per share of this share class immediately after the monthly distribution date)

PRODUCT KEY FACTSInvesco Asia Balanced Fund

A sub-fund of Invesco Funds (SICAV)

Issuer: Until 15 January 2020, Invesco Asset Management Asia Limited 20 December 2019 From 16 January 2020, Invesco Hong Kong Limited

Invesco Asia Balanced Fund

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Minimum Investment/ Minimum Subscription Amount: Share class A C Initial (in any of the USD1,500 USD1,000,000 dealing currencies EUR1,000 EUR800,000 listed in the GBP1,000 GBP600,000 Application Form) HKD10,000 HKD8,000,000

JPY120,000 JPY80,000,000 AUD1,500 AUD1,000,000 CAD1,500 CAD1,000,000

NZD2,000 NZD1,200,000 Additional - -

What is this product? Invesco Asia Balanced Fund (the “Fund”) is a fund constituted in the form of a mutual fund. It is domiciled in Luxembourg and its home regulator is the CSSF, Luxembourg supervisory authority.

Objectives and Investment Strategy

The primary objective of the Fund is to generate income from investment in Asia-Pacific equities and debt securities (excluding Japan). The Fund will also aim to provide long-term capital appreciation.

The Fund will invest primarily (at least 70% of net asset value of the Fund) in a diversified portfolio of equities and debt securities in the Asia-Pacific region (excluding Japan). The allocation mix between equities and debt securities may vary according to the Investment Manager’s discretion and market conditions. Included in this category are listed real estate investment trusts (“REITs”) in Asia-Pacific ex Japan.

Up to 10% of the net asset value of the Fund may be exposed to China A shares listed on the Shanghai or Shenzhen Stock Exchanges, via Stock Connect.

Up to 30% of the net asset value of the Fund may be invested in aggregate in cash and cash equivalents, money market instruments, equity, equity related and debt securities issued by companies or other entities not meeting the above requirements.

The Fund may invest in debt instruments with loss-absorption features ("LAP"), including contingent convertible debt securities and debt instruments meeting the qualifying criteria to be Additional Tier 1 Capital or Tier 2 Capital under the Banking (Capital) Rules and debt instruments issued under an equivalent regime of non-Hong Kong jurisdictions, in addition to senior non-preferred debt with a bail-in flag on Bloomberg or any other debt security with a bail-in flag, as classified by Bloomberg. These instruments may be subject to contingent write-down or contingent conversion to ordinary shares on the occurrence of trigger event(s). The Fund's expected total maximum investments in LAP will be up to 40% of its net asset value.

The Fund will have a flexible approach to country allocation covering investments in the Asia-Pacific region including the Indian subcontinent and Australasia but excluding Japan.

Not more than 10% of the net asset value of the Fund may be invested in securities issued by or guaranteed by a country which is unrated and/or whose credit rating is below investment grade.

The Fund may invest up to 60% of its net asset value in debt securities which are unrated (debt securities which are not rated by any international rating agency such as Moody’s, Standard & Poor’s and Fitch) and/or whose credit rating is below investment grade (below investment grade is defined as credit rating that is below BBB- from Standard & Poor’s and Fitch, or below Baa3 from Moody’s or an equivalent rating from an internationally recognized rating agency).

The Fund may use derivatives (including but not limited to futures, forwards, non-deliverable forwards, swaps and complex options structures) for hedging and efficient portfolio management purposes. Such derivatives may also incorporate derivatives on derivatives (i.e. forward dated swaps, swap options). However, financial derivative instruments will not be extensively used for investment purposes (i.e. entering into financial derivative instruments to achieve the investment objectives).

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Use of derivatives / investment in derivatives The Fund’s net derivative exposure1 may be up to 50% of the Fund’s net asset value.

What are the key risks? Investment involves risks. Please refer to the Prospectus for details including the risks factors.

General investment risk - There can be no assurance that the Fund will achieve its investment objective. The instruments invested by the Fund may fall in value due to any of the key risk factors below and therefore your investment in the Fund may suffer losses. There is no guarantee of the repayment of principal.

Currency exchange risk

- The Fund’s assets may be invested in securities denominated in currencies other than the base currency of the Fund. Also, a class of shares may be designated in a currency other than the base currency of the Fund. The net asset value of the Fund may be affected unfavorably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls.

- For the hedged share classes, there is no guarantee that the exposure of the currency in which the shares are denominated can be fully hedged at all times against the base currency of the Fund or the currency or currencies in which the assets of the Fund are denominated. Investors should also note that the successful implementation of the strategy may substantially reduce the benefit to shareholders in the relevant class of shares as a result of decreases in the value of the share class currency against the base currency of the Fund. In the event that investors request payment of redemption proceeds in a currency other than the currency in which the shares are denominated, the exposure of that currency to the currency in which the shares are denominated will not be hedged.

Volatility risk - Investors should note that volatility in the Fund's investment portfolio may result in large fluctuations in the net asset value of the Fund which may adversely affect the net asset value per share of the Fund and investors may as a result suffer losses.

Equities risk - The value of, and income derived from, equity securities held may fall as well as rise and the Fund may not recoup the original amount invested in such securities. The prices of and the income generated by equity securities may decline in response to certain events, including the activities and results of the issuer, general political, economic and market conditions, regional or global economic instability and currency and interest rate fluctuations. Thus, this may adversely impact the Fund and/or the interests of investors.

Credit risk

- Investment in bonds, debt or other fixed income securities (including corporate and sovereign bonds) are subject to the risk that issuers do not make payments on interest and principal of such securities. An issuer suffering from an adverse change in its financial condition could lower the quality of a security leading to greater price volatility on that security.

- Securities which were investment grade at the time of acquisition may be downgraded. The risk of any such downgrading will vary over time. The Fund’s investment policy does not specifically require the Fund to sell such securities if they should fall below investment grade. Besides, the Investment Manager and/or Investment Sub-Manager (if applicable) may not be able to dispose of the debt instruments that are being downgraded. Investments in below investment grade securities carry a higher risk of default and therefore may adversely impact the Fund and/or the interests of investors.

Risk of investing in high yield bonds/non-investment grade bonds and un-rated bonds - The Fund may invest in high yield bonds/ non-investment grade bonds and un-rated bonds which involve substantial risk. High yield bonds/ non-investment grade bonds and un-rated bonds are regarded as being predominantly speculative as to the issuer’s ability to make payments of principal and interest. Issuers of high yield bonds/ non-investment grade bonds and un-rated bonds may be highly leveraged, subject to lower liquidity and higher volatility and may not have available to them more traditional methods of financing. An economic recession may adversely affect an issuer’s financial condition and the market value of high yield bonds/ non-investment grade bonds and un-rated bonds issued by such entity. High yield bonds/ non-investment grade bonds and un-rated bonds are generally subject to greater loss of principal and interest than high-rated bonds. As such, this may adversely impact the Fund and/or the interests of investors.

1 Please refer to the offering document for details regarding the calculation methodology of net derivative exposure.

Invesco Asia Balanced Fund

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Interest rate risk - The bonds or fixed income securities that the Fund invests in may fall in value if the interest rates change and this will adversely impact the net asset value of the Fund. In general, the prices of debt securities rise when interest rates fall, whilst their prices fall when interest rates rise. Longer term debt securities are usually more sensitive to interest rate changes.

Liquidity risk - The Fund may be adversely affected by a decrease in market liquidity for the securities in which it invests where some of the Fund’s securities may become illiquid and the Fund may experience difficulties in selling securities at a fair price within a timely manner.

Credit rating risk - Credit ratings assigned by rating agencies are subject to limitations and do not guarantee the creditworthiness of the security and/or issuer at all times.

Concentration risk - As the Fund will invest primarily in Asia-Pacific (excluding Japan) equities and debt securities, such concentration may exhibit a higher than usual degree of risk and the Fund may be subject to above average volatility. The diversification benefits that would ordinarily accrue from investment in a fund having a more diverse portfolio of investments, may not apply to this Fund.

Risk of investing in REITs

- The Fund does not invest directly in real estate and insofar as it directly invests in REITs, any dividend policy or dividend payout at the Fund level may not be representative of the dividend policy or dividend payout of the relevant underlying REIT. The relevant underlying REIT may not necessarily be authorised by the CSSF and/or the Securities and Futures Commission ("SFC") in Hong Kong.

- Please note that the Fund is authorised under the SFC’s Code on Unit Trusts and Mutual Funds and not under the SFC’s Code on Real Estate Investment Trusts. CSSF and/or SFC authorisation does not imply official approval or recommendation.

Emerging markets risk - The Fund invests in emerging markets which may involve increased risks and special considerations not typically associated with investment in more developed markets such as, liquidity risk, currency risks/ control, political and economic uncertainties, policy, legal or regulatory event affecting the relevant markets and taxation risks, settlement risks, custody risk and the likelihood of a high degree of volatility.

Risks associated with investments in debt instruments with loss-absorption features (LAP)

- Debt instruments with loss-absorption features are subject to greater risks when compared to traditional debt instruments as such instruments are typically subject to the risk of being written down or converted to ordinary shares upon the occurrence of a pre-defined trigger event(s) (e.g. when the issuer is near or at the point of non-viability or when the issuer’s capital ratio falls to a specified level), which are likely to be outside of the issuer’s control. Such trigger events are complex and difficult to predict and may result in a significant or total reduction in the value of such instruments.

- In the event of the activation of a trigger, there may be potential price contagion and volatility to the entire asset class. Debt instruments with LAP may also be exposed to liquidity, valuation and sector concentration risk.

- The Fund may invest in contingent convertible debt securities, commonly known as CoCos, which are highly complex and are of high risk. Upon the occurrence of the trigger event, CoCos may be converted into shares of the issuer (potentially at a discounted price), or may be subject to the permanent write-down to zero. Coupon payments on CoCos are discretionary and may be cancelled by the issuer at any point, for any reason, and for any length of time.

- The Fund may invest in senior non-preferred debts. While these instruments are generally senior to subordinated debts, they may be subject to write-down upon the occurrence of a trigger event and will no longer fall under the creditor ranking hierarchy of the issuer. This may result in total loss of principal invested.

Risk of investing in financial derivative instruments ("FDI") for efficient portfolio management and hedging purposes - Investments of the Fund may be composed of FDI used for efficient portfolio management or to attempt to hedge or reduce the overall risk of its investments. Risks associated with FDI include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDI may lead to a high risk of significant loss by the Fund.

Risks associated with payment of dividends and/or fees and expenses out of capital

- Payment of dividends out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction of the net asset value per share in respect of such share class after the monthly distribution date.

Invesco Asia Balanced Fund

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- For Monthly Distribution-1 share classes that are currency hedged, the Fund may take into account the return driven by the interest rate differential between the currency in which the hedged Monthly Distribution-1 share class is denominated and the base currency of the Fund in determining the distribution to be paid. Investors should be aware that the uncertainty of relative interest rates which will have an impact on the return of the hedged Monthly Distribution–1 share class. The net asset value of the Monthly Distribution-1 hedged share class may fluctuate and may significantly differ from other share class due to the fluctuation of the interest rate differential between the currency in which the hedged Monthly Distribution-1 share class is denominated and the base currency of the Fund, and may result in an increase in the amount of distribution that is paid out of capital and hence a greater erosion of capital than other non-hedged share class. Investors in such share class may therefore be adversely affected.

Dynamic Asset Allocation Risk - The Investment Manager has wide discretion to allocate dynamically within an asset class or between different asset classes. The allocation of investments between different asset classes or between segments of the same asset class may have a significant effect on the Fund’s performance. The Fund could miss attractive investment opportunities by having underweight exposure in markets that subsequently experience significant returns and could lose value by being overweight in markets that subsequently experience significant declines. As a result, the relevance of the risks associated with investing in each asset class (or segment of the same asset class) will fluctuate over time. This may result in possible substantial and sudden changes to the Fund’s risk profile. In addition, the periodic allocation or rebalancing of investments may incur greater transaction costs than a fund with static allocation strategy.

How has the Fund performed?

The Fund Manager views Class A quarterly distribution - USD (the “Share Class”), being the focus share class of the Fund available to the public of Hong Kong, as the most appropriate representative unit class.

Fund launch date: 31 October 2008. Share Class launch date: 31 October 2008. The base currency of the Fund is USD. Past performance of the Share Class is calculated in USD. Performance is calculated after deduction of ongoing charges

and is inclusive of gross income reinvested. Any entry/exit charges shown are excluded from the calculation.

Past performance is not a guide to future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the

calendar year end, NAV-To-NAV, with dividend reinvested. These figures show by how much the Share Class increased or

decreased in value during the calendar year being shown. Where no past performance is shown, there was insufficient data

available in that year to provide performance.

Is there any guarantee? The Fund does not have any guarantees. You may not get back the full amount of money you invest.

What are the fees and charges? Charges which may be payable by you

You may have to pay the following fees when dealing in the shares of the Fund.

Fee What you pay

Subscription fee/ Initial charge

Class A: Not exceeding 5.00% of the gross investment amount. Class C: Not exceeding 5.00% of the gross investment amount.

Switching fee Up to 1.00% of the value of the shares being switched.

Redemption fee N/A

Invesco Asia Balanced Fund

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Ongoing fees payable by the Fund

The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments.

Annual rate (as a % of the Fund’s value)

Management fee* Class A: 1.25% Class C: 0.80%

Custodian fee/ Depositary charge

Up to 0.0075%

Performance fee N/A

Administration fee N/A

Distribution fee Class A: N/A Class C: N/A

Service agents fee Class A: Up to 0.35% Class C: Up to 0.30%

* The fees can be increased subject to the prior approval of the Securities and Futures Commission ("SFC") and by giving not less than three months’ prior notice to the investors.

Other fees

You may have to pay other fees when dealing in the shares of the Fund.

Additional Information The compositions of the dividends (i.e. the relative amounts paid out of (i) net distributable income and (ii) capital)

for the last 12 months are available from the Hong Kong Sub-Distributor and Representative on request and at www.invesco.com.hk. This website has not been reviewed by the SFC.

You generally buy and redeem shares at the Fund’s next-determined net asset value after the Hong Kong Sub-Distributor and Representative receives your request in good order on or before 5:00pm, Hong Kong time, being the Fund’s dealing cut-off time. Before placing your subscription or redemption orders, please check with your distributor for the distributor’s internal cut-off time (which may be earlier than the Fund’s dealing cut-off time).

The net asset value of the Fund is calculated each “Business Day” as defined in the Prospectus and the price of shares is published each Hong Kong business day (i.e. a day on which banks in Hong Kong are open for normal banking business) at www.invesco.com.hk. This website has not been reviewed by the SFC.

Investors may obtain the past performance information of other share classes offered to Hong Kong investors at www.invesco.com.hk. This website has not been reviewed by the SFC.

Investors may obtain other information of this product at www.invesco.com.hk. This website has not been reviewed by the SFC.

Important If you are in doubt, you should seek professional advice.

The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness.