Invesco European Bond Fund

RESULTS TO 29 JULY 2011 C-Acc. SHARES

Quarterly fund commentary The Greek debt crisis and potential contagion to other European sovereigns and the broad banking sector dominated the bond markets. As uncertainty grew, yields for peripheral eurozone members rose, while safe haven government bond yields fell. The unresolved discussions on a rescue package and subsequent fears of contagion benefited our positioning in German Bunds versus Italian and Spanish bonds. These on-going uncertainties, further fuelled by ratings downgrades for Greece and certain banks with large exposures to the peripheral eurozone members continued to undermine investor appetite for non-core European debt. In spite of the sovereign debt pressures from the peripheral countries, the European Central Bank raised interest rates while the Bank of England remained dovish on interest rates and opened the possibility of another round of quantitative easing. This caused the pound to weaken which hurt the portfolio slightly. The fund was positioned to favour longer-dated maturity European government bonds over shorter maturities in the second quarter. This strategy slightly detracted from performance as concerns over economic growth helped shorter dated yields to fall. At the end of quarter, the portfolio's main active positions versus its benchmark included a long foreign exchange sterling position versus euro, an overweight position in European securities with greater sensitivity to interest rate movements and a long foreign exchange Polish Zloty position versus euro. Long-term performance*
Indexed Performance 130 120 110 100 90 07/06 07/07 07/08 07/09 07/10 07/11 Invesco European Bond Fund Barclays Capital Pan-European Aggregate Index

Key facts Fund Manager: Michael Siviter, London Managed fund since June 2011 Launch Date: August 1999 Original Fund Launch: April 1996 Legal Status: Luxembourg SICAV with UCITS status Share Class Base Currency: EUR Unit Type: Accumulation Current NAV: EUR 5.24 12 Month Price High: EUR 5.31 (31/08/10) 12 Month Price Low: EUR 5.03 (01/04/11) Current Fund Size: EUR 50.98 Mn. Minimum Investment: USD 250,000 Initial Charge: 5.25% Annual Management Fee: 0.50% TER: 0.90% Trading Frequency: Daily, forward pricing basis Settlement: Trade Date + 3 Days Index: Barclays Capital Pan-European Aggregate Index Bloomberg Code: INVPEBC LX ISIN Code: LU0100597805 S&P Fund Rating: UR Morningstar Rating: #### Fund objectives The Fund aims to provide long-term growth from a diversified portfolio of bonds denominated in European currencies. Please refer to the full prospectus and/or simplified prospectus for further details on the fund and the full investment objective.

Cumulative performance* YTD 2.95 1.82 1 year 2.47 0.76 3 years 19.23 16.45

% growth 5 years 18.64 18.90 % growth

Fund Index Annual performance* 2010 4.04 4.31

Fund Index

2009 7.94 7.66

2008 2.12 1.74

2007 -0.63 0.52

2006 -0.22 0.50 % growth

Standardised rolling 12 month performance** 30.06.06 29.06.07 1.86 29.06.07 30.06.08 -2.18 30.06.08 30.06.09 8.02 30.06.09 30.06.10 9.98

Fund

30.06.10 30.06.11 -0.38

The standardised past performance information is updated on a quarterly basis. Should you require up-to-date past performance information this is available on our website www.invescointernational.co.uk or by contacting us. Important information & Risk Warnings Past performance is not a guide to future returns. (Source: 2011 Morningstar) * Mid to mid, gross income re-invested to 29 July 2011 unless otherwise stated. The figures do not reflect the initial charge payable by individual investors. ** Mid to mid, gross income re-invested to 30 June 2011. All performance data on this fact sheet is in fund currency.

Invesco European Bond Fund

RESULTS TO 29 JULY 2011 C-Acc. SHARES

Important information & Risk Warnings The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested. Where Invesco has expressed views and opinions, these may change. Where securities are mentioned in this document they do not necessarily represent a specific portfolio holding and do not constitute a recommendation to purchase or sell. Please refer to the latest relevant Full Prospectus, the funds Simplified Prospectus and latest Annual and Interim Short Reports for more information. Further information on our products is available using the contact details shown. The distribution and the offering of funds in certain jurisdictions may be restricted by law. Persons into whose possession this document may come are required to inform themselves about and to comply with any relevant restrictions. This does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer is not authorised or to any person to whom it is unlawful to make such an offer or solicitation. Persons interested in acquiring funds should inform themselves as to (i) the legal requirements in the countries of their nationality, residence, ordinary residence or domicile; (ii) any foreign exchange controls; and (iii) any relevant tax consequences. The fund is not registered under any US securities law, and may not be offered or sold in the USA, its territories or possessions, nor to any US persons. The fund is not offered for sale in any jurisdiction in which the fund is not authorised to be publicly sold. The fund is available only in jurisdictions where its promotion and sale is permitted. UK: For the purposes of UK law, the fund is a recognised schemes under section 264 of the Financial Services & Markets Act 2000. The protections provided by the UK regulatory system, for the protection of retail clients, do not apply to offshore investments. Compensation under the UKs Financial Services Compensation Scheme will not be available and UK cancellation rights do not apply. Issued by Invesco Global Investment Funds Limited, 30 Finsbury Square, London EC2A 1AG. Authorised and regulated by the Financial Services Authority. Dubai: Issued for Professional Clients by Invesco Asset Management Limited, PO Box 506599, Building 5, Level 6, The Gate Precinct, Dubai, UAE. Regulated by the Dubai Financial Services Authority. Jersey and Guernsey: Issued by Invesco International Limited, 2nd Floor, Orviss House, 17a Queen Street, St Helier, Jersey, JE2 4WD. Regulated by the Jersey Financial Services Commission. Copyright 2011 Morningstar, Inc. All rights reserved. This publication is for informational purposes only. Neither Morningstar nor any Morningstar data providers guarantee the accuracy or completeness of the information on this factsheet, and cannot make any guarantee regarding results from its usage. Asset allocation data is derived by Morningstar using full holdings data provided by Invesco. Morningstar Licensed Tools and Content powered by Interactive Data Managed Solutions.

Currency exposure & duration weight Index % EUR 77.17 GBP 15.34 PLN 0.90 HUF 0.29 CHF 2.54 SEK 1.77 Other 2.00 Total 100.01 Source: Invesco (as at 29/07/11) Currency exposure % Index UK 15.34 Europe 84.66 Source: Invesco (as at 29/07/11) Sector exposure Index % 56.63 19.56 12.23 Index WDR 3.82 0.93 0.53 0.55 0.00 0.00 Index Av Rate AA+ A+ AA+ AA+ Fund % 58.45 25.36 3.85 1.39 0.00 10.95 Fund WDR 5.19 1.02 0.10 0.10 -0.98 0.00 Fund Av Rate AA+ BBB+ AAA AAA Fund 18.69 81.31 Fund % 63.43 18.69 8.29 4.91 2.52 1.77 0.39 100.00 Hedge Currency % % 0.00 63.43 0.00 18.69 0.00 8.29 0.00 4.91 0.00 2.52 0.00 1.77 0.00 0.39 0.00 100.00 Index WDR 4.12 1.35 0.03 0.01 0.14 0.07 0.11 5.83 Fund WDR 4.41 0.74 0.05 0.11 0.10 0.02 0.00 5.43

Weighted average duration in years Index UK 1.35 Europe 4.48 Source: Invesco (as at 29/07/11) Fund 0.74 4.69

Sovereign Corporate Securitised Quasi and Foreign 11.04 Government Other 0.00 Cash and FX 0.54 Source: Invesco (as at 29/07/11) Credit ratings % Index AAA 54.04 AA 25.33 A 11.78 BBB 6.92 Source: Invesco (as at 29/07/11) Yield % Gross Current Yield: Gross Redemption Yield: Source: Invesco (as at 29/07/11) 3 year characteristics

Avg. rating: AAFund 44.30 10.71 15.56 14.97 Index 0.92 0.00 0.48 0.54 Fund 0.57 1.01 1.94 10.95

BB B NR Cash and FX

4.15 3.78

Sharpe Correlation Ratio Fund 4.01 1.03 0.91 Source: Morningstar (as at 29/07/11) Volatility Important Information & Risk warnings

Alpha 0.60

TrackingInformation Error Ratio 1.04 1.65 0.48 Beta

The use of government bond futures is to manage portfolio duration. The sale of a government bond future reduces portfolio duration and its purchase increases portfolio duration. The yields shown are expressed as a % per annum of the current NAV of the fund. They are an estimate for the next 12 months, assuming that the funds portfolio remains unchanged and there are no defaults or deferrals of coupon payments or capital repayments. Cash income is estimated coupons from bonds. The gross current yield is an indication of the expected cash income over the next 12 months. The estimated gross redemption yield is a longer-term picture indicating expected annual total return. This means that in addition to expected cash income, it includes the amortised annual value of unrealised capital gains or losses of bond holdings currently held by the fund, calculated with reference to their current market price and expected redemption value made upon maturity of the bonds. Neither of the yields is guaranteed. Nor do they reflect the fund charges or the initial charge of the fund. Investors may be subject to tax on distributions. The fund invests in bonds and other fixed income securities that are subject to the risk that issuers do not make payments on such securities. The fund may be adversely affected by a decrease in market liquidity which may impair the funds ability to acquire or to dispose of securities at their intrinsic value. The fund may invest in high yield bonds which are regarded as being more speculative (than investment grade bonds) as to the issuers ability to make payments of principal and interest.