IRA/Defensive Strategy/Investment Advisory Example
Brochure 2
1. Back to the Basics
Developing saving and investing habits
Celebrating
30+years with
Primerica
2. Invesco’s Philosophy
At Invesco, all of our people and all of our resources are dedicated to helping investors
achieve their financial objectives. This philosophy guides the way we:
Manage investments Our dedicated investment professionals search
the world for the best opportunities, and each
investment team follows a clear, disciplined
process to build portfolios and mitigate risk.
Provide choices We manage investment strategies across all
major asset classes and deliver them through
a variety of vehicles. Our wide range of
choices allows you to create a portfolio that’s
purpose-built for your needs.
Connect with our clients We’re committed to giving you the expert
insights you need to make informed investing
decisions, and we are well-equipped to provide
high-quality support for investors and advisors.
A Strong Legacy of Investment Management
A strong legacy of
investment management,
with an investment history
dating to the:
Assets Under
Management1
($ in billions):
Countries where Invesco
has on-the-ground
presence:1
1940s $779.6 20
Data as of June 30, 2016
1 Source: Invesco Ltd. Client-related data, investment professional, employee data and AUM are as of June 30, 2016, and include all assets under advisement,
distributed and overseen by Invesco. ALPS Distributors, Inc. is the distributor of the PowerShares DB Funds. Invesco Distributors, Inc. is the US distributor for
Invesco Ltd.’s retail products. Invesco Ltd. is not affiliated with ALPS Distributors, Inc. or Deutsche Bank. The entities listed are each indirect, wholly owned
subsidiaries of Invesco Ltd., except ALPS Distributors Inc., Deutsche Bank and Invesco Great Wall in Shenzhen, which is a joint venture between Invesco and
Great Wall Securities, and the Huaneng Invesco WLR Investment Consulting Company Ltd. in Beijing, which is a joint venture between Huaneng Capital Services
and Invesco WLR Limited. Please consult your Invesco representative for more information.
3. Back to the Basics 3
Personal Savings vs. Debt in America
Americans tend to spend more money than they earn and save less, putting them into
debt. Instead, they may consider replacing that unhealthy habit by paying themselves
first and not being dependent on lenders and finance companies.
Personal savings vs. debt
Your finances control you
Outspending your income
Borrowing to maintain
a lifestyle
Paying off one debt and
accruing another
Debt Cycle
You control your finances
Debt free
Paying with cash instead
of borrowing
Investments, savings
and assets
Cash Cycle
The solution:
How to invest
Pay yourself first
by funding three
fundamental accounts
Eliminate debt
Set up a debt-
stacking program
Protect income
Insure your income
until you build financial
independence
+ +
Of all the
threats to your
financial security,
none is more
dangerous
than debt.
4. 4
How to Invest: Pay Yourself First
Three Fundamental Accounts
There is a common misunderstanding that the average investor cannot obtain their
long-term goals. We feel paying yourself first may be the single most important
concept that you can take in achieving this objective. Here are three fundamental
accounts that may help you:
1. Emergency account
To guard against unexpected times, it can be beneficial for you
to have money put away that is easily accessible.
•• Emergencies
•• Vacation
Possible target goal — 3 months income
Possible time frame — 0 to 2 years
2. Short-term account
A short-term account is money you set aside for expenses you may incur within
a short time frame.
•• Loss of job
•• Disabilities
•• Short-term purchases — car, house, etc.
Possible target goal — 6 months income
Possible time frame — 3 to 5 years
3. Wealth-building accounts
Wealth-building accounts are long-term savings and investment accounts. These
accounts are where you might typically save for your long-term retirement goals.
•• Retirement
•• College fund
•• Other long-range savings
5. Back to the Basics 5
Funding Your Three Fundamental Accounts
Investing with professional management
Below are examples of how you might consider funding your fundamental accounts:
1. Emergency account
Consider investing in something that
is liquid and easily accessible like a
money market mutual fund.
•• Invesco Government Money Market
Fund (AIMXX)1
2. Short-term account
Consider investing in a balanced mutual
fund that has both stocks and bonds.
•• Invesco Equity and Income Fund A
(ACEIX)
3. Wealth-building account
Consider investing your wealth-building
account in a number of different investment
options, such as equity and fixed income
mutual funds, since this account may have
a long-term time horizon.
•• Roth or Traditional IRA
•• 401(k), Deferred Compensation Plan,
Tax Sheltered Accounts (TSA), etc.
•• Variable Annuity2
•• Invesco Mutual Funds
(See appendix for list of funds)
Wealth-Building Account Concept
Accumulation
Growth Years
Retirement Age
Income Years
Retirement
For illustrative purposes only
Account Investment Allocation Example
50%
Emergency
Account
25%
Short-Term
Account
25%
Wealth-Building
Account
This allocation might not be suitable for all investors.
Diversification does not guarantee a profit or eliminate
the risk of loss.
1 Effective June 28, 2016, the Invesco Money Market Fund was renamed the Invesco Government Money Market Fund and its investment strategy changed from a
prime to a government money market fund.
2 Invesco Distributors, Inc. does not offer any variable products.
Notes
6. 6
Asset Allocation at Work
Managing portfolio risk is one of the biggest challenges investors face. Too much risk
could set you up for a crash; too little might not earn the returns you need to retire.
1. Allocate
Asset allocation determines 93.6% of the variation in a portfolio’s total investment
performance. While only 6.4% is from market timing and stock selection.1
2. Diversify
Diversification is more than not putting all your eggs in one basket. True
diversification means investing in a mix of assets that perform differently
in various economic environments.
3. Rebalance
Allocations may change as the markets move up and down. Rebalancing
periodically re-establishes the original target allocation.
Rebalance your portfolio to stay on target
Reasons to rebalance
–– Large stock allocation
may be too risky
–– 2008 stock market
declined
–– Portfolio would have
experienced greater
volatility
Stocks Outperform2
— 12/31/02–10/9/07
Unbalanced — Closing Allocation on 10/9/07Balanced — Opening Allocation on 12/31/02
40%
Stocks
40%
Bonds
20%
Commodities
48%
Stocks
30%
Bonds
22%
Commodities
Reasons to rebalance
–– Large bond allocation
may be too
conservative
–– 2009 stock market
was strong
–– Portfolio would have
missed out on strong
stock outperformance
Bonds Outperform2
— 10/9/07–3/9/09
Balanced — Opening Allocation on 10/9/07 Unbalanced — Closing Allocation on 3/9/09
40%
Stocks
40%
Bonds
20%
Commodities
25%
Stocks
60%
Bonds
15%
Commodities
1 Source: Study by Gary P. Brinson, L. Randolph Hood, and Gilbert L. Beebower, “Determinants of Portfolio Performance,” Financial Analysts Journal, January/
February 1995. The study analyzed data from 91 large corporate pension plans with assets of at least $100 million over a 10-year period beginning in 1974
and concluded that asset allocation policy explained, on average, 93.6% of the variation in total plan return.
2 Time periods above, reflecting a strong stock market and a strong bond market, respectively, are based on performance of the following indices: stocks are
represented by the S&P 500 Index, bonds by the Barclays U.S. Aggregate Bond Index and commodities by the S&P GSCI Index. Commodities may subject to
greater volatility than investments in traditional securities such as stocks and bonds and are not suitable for all investors. See important index definitions on
the back cover. For illustrative purposes only.
7. Back to the Basics 7
The Power of Dollar-Cost Averaging —
PAC and PAC Plus
Dollar-cost averaging through different market cycles
Market conditions can alter over time. This is why some investors consider using a
dollar-cost averaging strategy — also known as Pre-Authorized Checking (PAC) or
PAC Plus (PAC with a fixed contribution increase each year) — in an effort to reach
their long-term investment goals. Consider the hypothetical scenarios below:
Taking Advantage of Market Highs and Lows — Example of Investing $100 a Month
• Hypothetical Investor A: Began purchasing shares as the market was rising.
• Hypothetical Investor B: Began purchasing shares as the market fell and then recovered to where it was at the
beginning of their investment period.
0
5
10
15
20
Month 6Month 5Month 4Month 3Month 2Month 1
Price Per Share ($)
Rising Market
Fluctuating Market
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6
Full Shares
Accumulated
Hypothetical Investor A
Monthly Investment ($) 100 100 100 100 100 100
42Price Per Share ($) 10 12 14 16 18 20
Shares Purchased 10.00 8.33 7.14 6.25 5.56 5.00
Hypothetical Investor B
Monthly Investment ($) 100 100 100 100 100 100
125Price Per Share ($) 10 7 4 2 6 10
Shares Purchased 10.00 14.29 25.00 50.00 16.67 10.00
Total
Investment ($)
Total Shares
Purchased
Average Cost
Per Share ($)
Average Price
Per Share ($)
Hypothetical Investor A 600 42.28 14.19 15.00
Hypothetical Investor B 600 125.95 4.76 6.50
Both hypothetical investor A and B were able to cut their average cost per share during
rising and fluctuating market conditions because they used a dollar-cost averaging
strategy. This strategy helped both investors stay on their wealth-building track while
potentially weathering different kinds of market changes.
This hypothetical example is provided for illustrative purposes only and is not meant to depict the performance of any specific investment.
Average cost per share: Total investment divided by total number of shares bought.
Average price per share: Sum of share prices divided by the number of contributions.
A program of regular investment cannot ensure a profit or protect against a loss in a declining market. Since such a dollar-cost averaging program involves
continuous investments regardless of fluctuating share values, you should consider your financial ability to continue the program through all market cycles.
8. 88
Getting started: Investment Profile Questionnaire (IPQ)
Answering the questions below and discussing them with your PFSI Registered
Representative can be a valuable first step in identifying your own approach to
investing. The total score from your responses is a rough indication of how much
risk or safety you potentially prefer in your investments from information you have
provided. If your Investment Profile score and matching Model Portfolio do not reflect
your desired objectives, please consult your PFSI Registered Representative.
For each question below, choose the answer that best describes your situation
and circle the corresponding point value that is associated with each of your answers,
then total your points to determine your Investment Profile score.
Time Horizon Your current situation and future income needs
What is your current age?
Points
5) Less than 45
4) 45 to 55
3) 56 to 65
2) 66 to 75
1) Older than 75
When do you expect to start drawing
income from this account?
Points
5) Not for at least 20 years
4) In 11 to 19 years
3) In 6 to 10 years
2) In 2 to 5 years
1) 2 years or less
Long-Term Goals and Expectations Your views of how an investment should perform over the long-term
For this investment, I intend to take:
Points
5) Higher risk in return for
potentially superior returns
4) Moderate to higher risk in return
for potentially greater returns
3) Moderate risk in return for some
potential growth opportunity
2) Low risk in return for a little
potential growth opportunity
1) Slight to no risk in return for
potential general stability of
principal
Assuming normal market conditions,
what would you expect from this
investment over time?
Points
5) To generally keep pace with the
stock market
4) To slightly trail the stock market,
but make a good profit
3) To trail the stock market, but
make a moderate profit
2) To have some stability, but
make modest profits
1) To have a high degree of stability,
but make small profits
Suppose the stock market performs
unusually poorly over the next
decade. What would you expect from
this investment?
Points
5) To also perform poorly
4) To make very little or nothing
3) To make a little gain
2) To make a modest gain
1) To make gains, regardless of the
stock market’s performance
Short-Term Risk Attitudes Your attitude toward short-term volatility
Which of these statements would
best describe your attitudes about
the next three years’ performance
of this investment?
Points
5) I understand a loss of principal
is a realistic possibility
4) I can tolerate a loss
3) I can tolerate a small loss
2) I’d have a hard time tolerating
any losses
1) I need to see at least some return
Which of these statements would
best describe your attitudes about
the next three month’s performance
of this investment?
Points
5) I wouldn’t worry about market
fluctuations in that time frame
4) If my investment declined greater
than 20%, I’d be concerned
3) If my investment declined greater
than 10%, I’d be concerned
2) I can only tolerate small short-term
fluctuations in my investment
1) I’d have a hard time accepting
any investment declines
Please total your points to determine
your Investment Profile score, then
reference the Model Portfolios on the
next page to identify your preferred
investing style.
Total points:
9. Back to the Basics 9
Before you invest any money, you should read the mutual fund’s current prospectus carefully. If you want to know more about the investment companies offered
through Primerica, contact your PFSI Registered Representative or write to Primerica, 1 Primerica Parkway, Duluth, GA 30099-0001. If you have any additional
questions, please call 800 544 5445.
These allocations might not be suitable for all investors. Asset allocation/diversification does not guarantee a profit or eliminate the risk of loss.
Use the point total from the previous page to determine
your investment profile
Keep in mind that this profile is intended to give you a start and doesn’t cover all the issues
that you should consider. If your Investment Profile score and matching Model Portfolio do
not reflect your desired objectives, please consult your PFSI Registered Representative.
Income Portfolio 7–10 points
% Investment profile description: This portfolio may be appropriate for
investors whose primary objective is current income. The majority of assets
in this portfolio are allocated to short-term and intermediate-term investments
such as fixed-income securities (bonds). A portion of this portfolio is also
invested in equities (stocks), which are subject to price fluctuations, as
protection against the erosion to purchasing power caused by inflation.
• US Stock 23
• Non US Stock 7
• Bonds and Cash 70
Conservative Growth Portfolio 11–17 points
% Investment profile description: This portfolio may be appropriate for
investors who prefer a balanced mix of current income and capital
appreciation, and are willing to tolerate some short-term price fluctuations
associated with equity (stock) investments. The assets in this portfolio are
balanced among equities (stocks) and fixed-income securities (bonds).
• US Stock 38
• Non US Stock 12
• Bonds and Cash 50
Moderate Growth Portfolio 18–24 points
% Investment profile description: This portfolio may be appropriate for
investors whose primary objective is capital appreciation and to whom
current income is of secondary importance. A moderate growth investor is
willing to tolerate short-term price fluctuations. The assets in this portfolio
are a mix of equities (stocks) and fixed-income securities (bonds), with a
higher weighting towards equities (stocks).
• US Stock 49
• Non US Stock 16
• Bonds and Cash 35
Growth Portfolio 25–31 points
% Investment profile description: This portfolio may be appropriate for
investors whose primary objective is long-term capital appreciation and who
are willing to tolerate potentially large price fluctuations. Generating current
income is not a primary goal. Assets in this portfolio are invested primarily
(and in some cases entirely) in equities (stocks).
• US Stock 64
• Non US Stock 21
• Bonds and Cash 15
Aggressive Growth Portfolio 32–35 points
% Investment profile description: This portfolio may be appropriate for
investors whose primary objective is maximum long-term capital
appreciation and who are willing to tolerate more substantial, potentially
large price fluctuations. Generating current income is not a goal. Assets in
this portfolio are invested entirely (or almost entirely) in equities (stocks).
• US Stock 75
• Non US Stock 25
After discussing your Investment Profile with your PFSI Registered Representative,
please initial:
Representative initials: Client initials: Date:
10. 10
Eliminate Debt
Debt stacking can potentially lead to debt freedom
Debt Stacking Hypothetical Example
As each debt is paid off, you can apply the amount you were paying to that debt to the payment that you were making on the next target account.
• Target Account • Extra Debt Payment
Retail card 1 $220 + $220
Credit card 2 $353 Credit card 2 $573 + $573
Car loan $551 Car loan $551 Car loan $1,124 + $1,124
Credit card 1 $303 Credit card 1 $303 Credit card 1 $303 Credit card 1 $1,427 + $1,427
Mortgage $1,293 Mortgage $1,293 Mortgage $1,293 Mortgage $1,293 Mortgage $2,720
Total $2,720 Total $2,720 Total $2,720 Total $2,720 Total $2,720
Without Debt Stacking With Debt Stacking
Payoff Interest Saved Interest Paid Monthly Payments Payoff Interest Saved Interest Paid Monthly Payments
24 years, 3 months $0 $214,433 $2,720
9 years, 1 month
(182 months sooner) $130,643 $83,798 $2,720
The above hypothetical example is for illustrative purposes only. The Debt Stacking concept assumes that: (1) you make consistent payments on all of your debts,
(2) when you pay off the first debt in your plan, you add the payment you were making toward that debt to your existing payment on the next debt in your plan
(therefore you make the same total monthly payment each month toward your debts) (3) you continue this process until you have eliminated all of the debts in
your plan. In the example above, when the retail card is paid off, the $220 is applied to credit card 2, accelerating its payment to $573. After credit card 2 is
paid off, the $573 is applied to the car loan for a total payment of $1,124. The process is then continued until all debts are paid off. Note that the total payment
per month remains constant. The hypothetical listed debts assume the following interest rates:14.9% Retail Card 1; 16% Credit Card 2; 6% Car Loan; 18% Credit
Card 1; 7.5% Mortgage and are for illustrative purposes only.
Protect Income
Theory of decreasing responsibility
Wealth-Building Account Concept
Today At retirement
1. Young children
2. High debt
3. House mortgage
Loss of income
would be devastating
1. Grown children
2. Lower debt
3. Mortgage paid
Retirement income needed
In the early years, you may need a lot of money You’d better have money
In the later years, you may notYou may not have a lot of money
For illustrative purposes only
11. Back to the Basics 11
Appendix
What is a mutual fund?
A mutual fund is a group of stocks, bonds or other securities that have been
pooled together as one investment. They provide access to professional managers
who make and monitor the investment selections as dictated by the fund’s strategy.
Mutual funds may provide investors:
•• Professional Management
•• Diversification
•• Affordability
•• Convenience
Mutual Fund Process
Global EconomyIndividual Investors Pooled Assets
For illustrative purposes only
Historically, investors led by emotion have significantly
lagged the market
DALBAR’s 2016 Quantitative Analysis of Investor Behavior shows that the average
equity investor acts emotionally, making irrational decisions that can negatively affect
investment performance.
Invest With Intention, Not Emotion
20-year average annual total returns — as of Dec. 31, 2015 (%)
2
4
6
8
10
Buy and Hold
(SP 500 Index)
Inflation1
Average Equity Investor
4.67
2.11
8.19
Past performance is no guarantee of future results. Data shown is the most recent available.
Source: DALBAR, Inc. 2016. Quantitative Analysis of Investor Behavior (QAIB). QAIB calculates investor returns as the
change in assets after excluding sales, redemptions and exchanges. This method of calculation captures realized and
unrealized capital gains, dividends, interest, trading costs, sales charges, fees, expenses and any other costs, annualized over
the period. The SP 500 Index is an unmanaged index of 500 common stocks generally representative of the US stock
market. Past performance is no guarantee of future results. Index performance is shown for illustrative purposes only and is
not intended to represent historical or to predict future performance of any specific investment. Indexes are unmanaged and
an investor cannot invest in an index.
1 Source: Morningstar. Inflation is measured by the Consumer Price Index. An investment cannot be made directly into an index.
13. Back to the Basics 13
Historical asset class returns
Connect the returns of individual asset classes to illustrate trends over the past
10 years. What you will see is that a diversified portfolio may be appropriate for
investors looking for consistency over the long term.
Historical Asset Class Returns (%): Stocks, Bonds or Both?
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Worst Performers Best
Real estate
35.06
Large-cap
growth
11.81
Fixed
income
5.24
Mid-cap
growth
46.29
Small-cap
growth
29.09
Real estate
8.28
Real estate
19.70
Small-cap
growth 43.30
Real estate
28.03
Large-cap
growth
5.67
International
26.34
Mid-cap
growth
11.43
Equity and
Income Fund
-24.78
Large-cap
growth
37.21
Real estate
27.95
Fixed
income
7.84
Mid-cap
value
18.51
Mid-cap
growth
35.74
Mid-cap
value
14.75
Real estate
2.83
Small-cap
value
23.48
International
11.17
Small-cap
value
-28.92
Small-cap
growth
34.47
Mid-cap
growth
26.38
Large-cap
growth
2.64
Small-cap
value
18.05
Small-cap
value
34.52
Large-cap
value
13.45
Fixed
income
0.55
Large-cap
value
22.25
Small-cap
growth
7.05
Large-cap
value
-36.85
Mid-cap
value
34.21
Mid-cap
value
24.75
Large-cap
value
0.39
Large-cap
value
17.51
Large-cap
growth 33.48
Large-cap
growth
13.05
Mid-cap
growth
-0.2
Mid-cap
value
20.22
Fixed
income
6.97
Real estate
-37.73
International
31.78
Small-cap
value
24.50
Equity and
Income Fund
-1.23
International
17.32
Mid-cap
value
33.46
Mid-cap
growth
11.90
International
-0.81
Small-cap
growth
13.35
Equity and
Income Fund
3.26
Large-cap
growth
-38.44
Real estate
27.99
Large-cap
growth
16.71
Mid-cap
value
-1.38
Mid-cap
growth
15.81
Large-cap
value
32.53
Equity and
Income Fund
9.07
Small-cap
growth
-1.38
Equity and
Income Fund
12.53
Large-cap
value
-0.17
Mid-cap
value
-38.44
Equity and
Income Fund
23.51
Large-cap
value
15.51
Mid-cap
growth
-1.65
Large-cap
growth
15.26
Equity and
Income Fund
24.96
Fixed
income
5.97
Equity and
Income Fund
-2.35
Mid-cap
growth
10.66
Mid-cap
value
-1.42
Small-cap
growth
-38.54
Small-cap
value
20.58
Equity and
Income Fund
12.39
Small-cap
growth
-2.91
Small-cap
growth
14.59
International
22.78
Small-cap
growth
5.60
Large-cap
value
-3.83
Large-cap
growth
9.07
Small-cap
value
-9.78
International
-43.38
Large-cap
value
19.69
International
7.75
Small-cap
value
-5.50
Equity and
Income Fund
12.88
Real estate
2.86
Small-cap
value
4.22
Mid-cap
value
-4.78
Fixed
income
4.33
Real estate
-15.69
Mid-cap
growth
-44.32
Fixed
income
5.93
Fixed
income
6.54
International
-12.14
Fixed
income
4.22
Fixed
income
-2.02
International
-4.90
Small-cap
value
-7.47
Source: Lipper Inc. as of Dec. 31, 2015. International is represented by the Morgan Stanley Capital International (MSCI) EAFE Index. Large-Cap Growth is
represented by the Russell 1000®
Growth Index. Large-Cap Value is represented by the Russell 1000®
Value Index. Fixed Income is represented by the
Barclays US Aggregate Index. Real Estate is represented by FTSE NAREIT All Equity REITs Index. Small-Cap Growth is represented by the Russell 2000®
Growth Index. Small-Cap Value is represented by the Russell 2000®
Value Index. Mid-Cap Growth is represented by the Russell Midcap Growth®
Index.
Mid-Cap Value is represented by the Russell Midcap®
Value Index.
This table is presented for information purposes only. Performance shown for Invesco Equity and Income Fund is for Class A shares and does not
include payment of the maximum sales charge of 5.50%; if it did, the results would have been lower.
Asset allocation/diversification does not guarantee a profit or eliminate the risk of loss. Performance figures reflect reinvested dividends. The table depicts
annual returns for various asset classes over the past 10 years, ranked from best to worst each year. Each asset class is color coded for easy tracking.
Well known, industry-standard indexes are used as proxies for each asset class. The indexes and their returns are not representative of any Invesco funds.
The indexes do not include any expenses, fees or charges and are unmanaged and should not be considered investments. An investment cannot be made
directly in an index. See important index definitions on the back cover.
Investments focused in a particular sector, such as real estate, are subject to greater risk, and are more greatly impacted by market volatility, than more
diversified investments. Fixed-income products are subject to risk, including, but not limited to, the effects of changing interest rates. The price of equity
securities may decline in response to, among other things, investor sentiment or general economic market conditions. Investing in securities of small- and
medium-sized companies may involve greater risk than is customarily associated with investing in large companies. Foreign securities have additional risks,
including exchange rate changes, political and economic upheaval, relative lack of information, relatively low market liquidity, and the potential lack of strict
financial and accounting controls and standards. Growth stocks tend to be more sensitive to changes in their earnings and can be more volatile. Value stocks
tend to be inexpensive relative to their earnings or assets compared to other types of stocks and may never realize their full value.
Past performance is no guarantee of future results and current performance may be lower or higher than the figures shown. For the most recent
month-end performance figures, please visit invesco.com/performance. Investment returns and principal value will fluctuate and fund shares, when
redeemed, may be worth more or less than their original cost. Performance shown at NAV does not include applicable front-end sales charge. If sales
charges had been reflected, performance would be lower. Had fees not been waived and/or expenses reimbursed in the past, returns would have been lower.
Performance of other share classes will vary.
14. 14
1 For a complete list of mutual funds offered by Invesco, please visit invesco.com/us.
Invesco mutual funds1
Invesco offers a broad range of actively managed mutual funds to help customize
investors’ portfolios to their unique needs.
Fund name Morningstar category Symbol
Class A Shares
Invesco domestic core/
blend funds
Invesco Equally Weighted SP 500 Fund Large Blend VADAX
Invesco Endeavor Fund Mid-Cap Blend ATDAX
Invesco Small Cap Equity Fund Small Blend SMEAX
Invesco domestic value funds Invesco American Value Fund Mid-Cap Value MSAVX
Invesco Comstock Fund Large Value ACSTX
Invesco Diversified Dividend Fund Large Value LCEAX
Invesco Dividend Income Fund Large Value IAUTX
Invesco Growth and Income Fund Large Value ACGIX
Invesco domestic growth funds Invesco American Franchise Fund Large Growth VAFAX
Invesco Mid-Cap Growth Fund Mid-Cap Growth VGRAX
Invesco Small Cap Discovery Fund Small Growth VASCX
Invesco international/
global funds
Invesco Asia Pacific Growth Fund Pacific/Asia ex-Japan Stock ASIAX
Invesco Developing Markets Fund Diversified Emerging Markets GTDDX
Invesco European Growth Fund Europe Stock AEDAX
Invesco Global Growth Fund World Stock AGGAX
Invesco Global Small and Mid Cap Growth World Stock AGAAX
Invesco International Growth Fund Foreign Large Growth AIIEX
Invesco International Small Company Fund Foreign Small/Mid Blend IEGAX
Invesco taxable
fixed income funds
Invesco Convertible Securities Fund Convertibles CNSAX
Invesco Core Plus Bond Fund Intermediate-Term Bond ACPSX
Invesco Corporate Bond Fund Corporate Bond ACCBX
Invesco High Yield Fund High Yield Bond AMHYX
Invesco Short Term Bond Fund Short-Term Bond STBAX
Invesco Quality Income Fund Intermediate-Term Bond VKMGX
Invesco tax-exempt
fixed income funds
Invesco Intermediate Term Muni Income Fund Muni National Interm VKLMX
Invesco Limited Term Municipal Income Fund Muni National Short ATFAX
Invesco Municipal Income Fund Muni National Long VKMMX
Invesco multi-asset funds Invesco Conservative Allocation Fund Allocation — 30% to 50% Equity CAAMX
Invesco Equity and Income Fund Allocation — 50% to 70% Equity ACEIX
Invesco Growth Allocation Fund Allocation — 70% to 85% Equity AADAX
Invesco Income Allocation Fund Allocation — 30% to 50% Equity ALAAX
Invesco Moderate Allocation Fund Allocation — 50% to 70% Equity AMKAX
Invesco alternative funds Invesco Balanced-Risk Allocation Fund Tactical Allocation ABRZX
Invesco Floating Rate Fund Bank Loan AFRAX
Invesco Global Real Estate Income Fund Global Real Estate ASRAX
Invesco Gold Precious Metals Fund Equity Precious Metals IGDAX
15. Back to the Basics 15
Committed to You
Bridging the digital divide
Invesco continues to bring Industry leading technology and commentary from global
outlooks to portfolio manager’s market insight to webcasts on specific topics like energy
and real estate. Invesco strives to bring timely and relevant information direct to
financial advisors and their clients. Below are just some of the ways that Invesco is
bridging the digital divide.
Invesco’s online resources
Invesco continually strives to bring you timely, valuable
information that is easy to use and beneficial.
We offer immediate access to a wealth of tools
and resources via invesco.com/us.
Gain knowledge on:
•• Current market updates
•• Retirement planning insights and tools
•• Invesco products directly from investment specialists
Easy
as
Invesco Portfolio IllustratorSM
Easy for you. Easy for your clients.
Easy
as
Invesco Portfolio IllustratorSM
Easy for you. Easy for your clients.
Portfolio Illustrator: Tool designed to help advisors
build a client’s portfolio with ease.
Here’s how it works:
1. Select the client’s risk tolerance
2. Choose the investments
3. Customize the proposal
4. Review and print
To learn more about the Invesco Portfolio Illustrator,
visit the advisor site of invesco.com/tools or contact
your sales team.
On the Go with Invesco App
The Invesco app for iPad®
gives you access to the
information, insights and ideas you need — on the go.
Find a product that meets your needs across a
comprehensive range of asset classes.
Personalize your view of product data through interactive
charts and graphs.
Build your briefcase with Invesco products and
commentaries and share them with clients and colleagues.
Gain insights and analysis from our investment
professionals.
Access exclusive business-building ideas from
Invesco Consulting.
iPad is a trademark of Apple Inc., registered in the US and other countries.
16. Before investing, investors should carefully read the prospectus and/or summary prospectus and carefully consider the
investment objectives, risks, charges and expenses. For this and more complete information about the fund(s), investors should
contact their advisor(s) for a prospectus and/or summary prospectus or visit invesco.com/fundprospectus.
You could lose money by investing in the Fund. Although the Fund seeks to preserve your investment at $1.00 per share, it
cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance
Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund,
and you should not expect that the sponsor will provide financial support to the Fund at any time.
Note: Not all products, materials or services available at all firms. Advisors, please contact your home office.
After Sept. 30, 2016, this piece must be accompanied by the most recent quarter end Invesco Equity and Income Fact Sheet.
Invesco Distributors, Inc. is not affiliated with Primerica.
Securities offered by PFS Investments Inc. 3120 Breckinridge Blvd. Duluth GA 30099
The opinions expressed are those of the author, are based on current market conditions and are subject to change without notice. These opinions may differ
from those of other Invesco investment professionals.
The Russell 1000®
Growth Index is an unmanaged index considered representative of large-cap growth stocks. The Russell 1000®
Value Index is an
unmanaged index considered representative of large-cap value stocks. The Russell Midcap Growth Index is an unmanaged index considered representative of
mid-cap growth stocks. The Russell Midcap Value Index is an unmanaged index considered representative of mid-cap value stocks. The Russell 2000 Growth
Index is an unmanaged index considered representative of small-cap growth stocks. The Russell 2000 Value Index is an unmanaged index considered
representative of small-cap value stocks. The MSCI EAFE®
Index is an unmanaged index considered representative of stocks of Europe, Australasia and the Far
East. The index is computed using the net return, which withholds applicable taxes for non-resident investors. The FTSE NAREIT Equity REITs Index is an
unmanaged index considered representative of US REITs. The SP GSCI Index is an unmanaged world production-weighted index composed of the principal
physical commodities that are the subject of active, liquid futures markets. The SP GSCI Gold Index, a sub-index of the SP GSCI, provides investors with a
reliable and publicly available benchmark tracking the COMEX gold future. The index is designed to be tradable, readily accessible to market participants, and cost
efficient to implement. The Barclays U.S. Aggregate Index is an unmanaged index considered representative of the US investment-grade, fixed-rate bond market.
The SP 500®
Index is an unmanaged index considered representative of the US stock market. Three-Month Treasury Bills are government-backed short-term
securities that mature three months from their issue date. The Consumer Price Index is an index representing the rate of inflation of US consumer prices as
determined by the US Bureau of Labor Statistics. The Russell 1000 Growth Index, Russell 1000 Value Index, Russell 2000 Value Index, Russell 2000 Growth
Index, Russell Midcap Growth Index, and Russell Midcap Value Index are trademarks/service marks of the Frank Russell Co. Russell®
is a trademark of the Frank
Russell Co. Index performance reflects reinvestment of dividends. An investment cannot be made directly in an index.
invesco.com/us PFSSAVE-BRO-1 08/16 Invesco Distributors, Inc. US9423
About risk
Fixed income products are subject to risk, including credit risk of the issuer and the effects of changing interest rates.
Fluctuations in the price of gold and precious metals may affect the profitability of companies in the gold and precious metals sector. Changes
in the political or economic conditions of countries where companies in the gold and precious metals sector are located may have a direct effect
on the price of gold and precious metals.
Municipal securities are subject to the risk that litigation, legislation or other political events, local business or economic conditions or the
bankruptcy of the issuer could have a significant effect on an issuer’s ability to make payments of principal and/or interest.
The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, foreign currency exchange controls, political
and economic instability, differences in financial reporting, differences in securities regulation and trading, and foreign taxation issues.
Investments concentrated in a comparatively narrow market sector can be more volatile than non-concentrated investments.
Asset allocation/diversification does not guarantee a profit or eliminate the risk of loss.
Each fund is subject to certain unique risks, and some funds may employ the use of derivatives or enhanced investment techniques that could
experience greater volatility.
Growth stocks tend to be more expensive relative to their earnings or assets compared with other types of stock. As a result they tend to be
more sensitive to changes in their earnings and can be more volatile.
A value style of investing focuses on undervalued companies with characteristics for improved valuations. This style of investing is subject to
the risk that the valuations never improve or that the returns on “value” equity securities are less than returns on other styles of investing or the
overall stock market. Value stocks also may decline in price, even though in theory they are already underpriced.
As with any managed fund, the Adviser may not be successful in selecting the best-performing securities or investment techniques, and a
Fund’s performance may lag behind that of similar funds.
The investment techniques and risk analysis used by a Fund’s portfolio managers may not produce the desired results.
The prices of and the income generated by a Fund’s securities may decline in response to, among other things, investor sentiment, general
economic and market conditions, regional or global instability, and currency and interest rate fluctuations.
Medium-sized companies often have less predictable earnings, more limited product lines, markets, distribution channels or financial resources
and the management of such companies may be dependent upon one or few key people. The market movements of equity securities of medium-
sized companies may be more abrupt and volatile than the market movements of equity securities of larger, more established companies or the
stock market in general. Historically, medium-sized companies have sometimes gone through extended periods when they did not perform as
well as larger companies. In addition, equity securities of medium-sized companies generally are less liquid than larger companies. This means
that a Fund could have greater difficulty selling such securities at the time and price that a Fund would like.
Stocks of small and mid-sized companies tend to be more vulnerable to adverse developments and may have little or no operating history or
track record of success, and limited product lines, markets, management and financial resources. The securities of small and mid-sized
companies may be more volatile due to less market interest and less publicly available information about the issuer. They also may be illiquid or
restricted as to resale, or may trade less frequently and in smaller volumes, all of which may cause difficulty when establishing or closing a
position at a desirable price.
The performance of an Invesco Asset Allocation Fund depends on the underlying funds in which it invests, and it is subject to the risks of the
underlying funds. Market fluctuations may change the target weightings in the underlying funds. The underlying funds may change their
investment objectives, policies or practices and may not achieve their investment objectives, all of which may cause the Fund to withdraw its
investments therein at a disadvantageous time.
Risk is inherent in all investing. An investment in an underlying fund involves risks similar to those of investing in any underlying fund of equity
or fixed-income securities traded on exchanges. You should anticipate that the value of the shares will decline, more or less, in correlation with
any decline in value of the underlying index of certain underlying ETFs.
Certain of the underlying funds in the Invesco Asset Allocation Funds are non-diversified and can invest a greater portion of their assets in a
single issuer. A change in the value of the issuer could affect the value of an underlying fund more than if it was a diversified fund.
There is no assurance that the Funds listed will achieve their investment objectives. Funds are subject to market risk, which is the possibility
that the market values of securities owned by these Funds will decline and that the value of the Fund shares may therefore be less than what you
paid for them. Accordingly, you can lose money investing in these Funds. Please be aware that these Funds may be subject to certain additional
risks. See current prospectus for complete details about the risks associated with an investment in each Fund.
