GPR Fund Update

GPR Fund Update
Invesco Japanese Equity Core Fund –
Change of Base Currency
March 2012
Invesco Japanese Equity Core Fund – Change of Base Currency, effective 31 March 2012
Effective 31 March 2012, the base currency of the Invesco Japanese Equity Core Fund will change from US
dollar (USD) to Japanese yen (JPY).
Rationales for the base currency change
(1) Alignment of the fund’s base currency with the currency of the fund’s underlying assets: Currently, with the
US dollar being the base currency of the Invesco Japanese Equity Core Fund, all underlying assets of the fund (shares
of Japanese corporations and excess cash/cash position) are converted to US dollar for reporting and publication
purposes. Once the base currency is changed from US dollar to Japanese yen, no conversion to USD will be required
anymore at the fund level: The shares of Japanese corporations are denominated in JPY and any excess cash
generated by the sale of shares will be (and stay) in JPY. Similarly, any cash being invested will already be in the same
currency as the shares of Japanese corporations (JPY).
(2) Less currency exchange required from subscription to purchase of assets for the fund: Any subscriptions to
the fund in euro are currently being exchanged to US dollar at the fund level, due to the base currency being the US
dollar currently. When these US dollars are being invested in shares of Japanese corporations, they will have to be
foreign exchanged from US dollar to Japanese yen. From the effective date, any subscriptions in euro will be converted
to Japanese yen directly and readily available for investments in Japanese equities.
Effective 31 March 2012
Previous Base Currency
New Base Currency
Invesco Japanese Equity Core Fund
US dollar (USD)
Japanese yen (JPY)
No impact for clients from a performance and reporting currency perspective
The values of the USD and EUR share classes of the Invesco Japanese Equity Fund are calculated by merely exchanging on
the share class level the value of the fund’s assets from JPY to USD and EUR. This will not change after the change of the
fund’s base currency from USD to JPY. Hence, the price (NAV) of the seven share classes (A-USD, A-USD dist, A-EUR, AJPY, C-USD dist, C-JPY and E-EUR) which are available for the fund will be in the same currencies before and after the base
currency change:
Share Class
Previous Share Class Currency
New Share Class Currency
A, Annual Distribution (IE0030382570)
USD
USD
A, Accumulation (IE00B40W5Y20)
USD
USD
A, Accumulation (IE00B4KFBF47)
EUR
EUR
A, Accumulation (IE00B428SJ43)
JPY
JPY
C, Annual Distribution (IE0030382687)
USD
USD
C, Accumulation (IE00B41Q3618)
JPY
JPY
E, Accumulation (IE00B0H1QB84)
EUR
EUR
This document is exclusively for use by professional clients and financial advisors in Continental Europe and is not for retail client use. Please do not redistribute.
Information as at 8 March 2012, unless otherwise stated.
For information on fund registrations, please refer to the appropriate internet site or your local Invesco office. This document does not form part of any prospectus. Whilst great care has been
taken to ensure that the information contained herein is accurate, no responsibility can be accepted for any errors, mistakes or omissions or for any action taken in reliance thereon. Opinions
and forecasts are subject to change without notice. The value of investments, and the income from them, can fluctuate (this may partly be the result of exchange rate fluctuations), and
investors may not get back the full amount invested. Past performance is not an indication of future performance, provides no guarantee for the future and is not constant over time. The
performance data shown does not take account of the commissions and costs incurred on the issue and redemption of units. Any reference to a ranking, a rating or an award provides no
guarantee for future performance results and is not constant over time. There is potential for increased volatility in emerging stock markets, and only a modest proportion of investable wealth
should be invested in them. Investing in funds focused on specific themes, particular areas of the market or small capitalisation companies may increase the risk associated with them due to
the volatility and/or the concentrated nature of these investments. Investors should read the fund simplified and full prospectuses for specific risk factors and further information. This document
is not an invitation to subscribe for shares in the fund and is by way of information only. It is not intended to provide specific investment advice including, without limitation, investment,
financial, legal, accounting or tax advice, or to make any recommendations about the suitability of the fund(s) for the circumstances of any particular investor. You should take appropriate
advice as to any securities, taxation or other legislation affecting you personally prior to investment. Asset management services are provided by Invesco in accordance with appropriate local
legislation and regulations. www.invescoeurope.com
Additional information for France and Denmark:
Issued in France by Invesco Asset Management S.A. 18, rue de Londres, F-75009 Paris. Authorised and regulated by the Autorité des marchés financiers in France. This fund is not registered
for sale in Denmark.
Additional information for Germany, Austria and Switzerland:
This document is issued in Germany by Invesco Asset Management Deutschland GmbH regulated by Bundesanstalt für Finanzdienstleistungsaufsicht. This document is issued in Austria by
Invesco Asset Management Österreich GmbH and in Switzerland by Invesco Asset Management (Schweiz) AG. Subscriptions of shares are only accepted on the basis of the current fund
prospectus. Prospectuses and reports are available free of charge at Invesco Asset Management Deutschland GmbH, An der Welle 5, D-60322 Frankfurt/M., Invesco Asset Management
Österreich GmbH, Rotenturmstrasse 16-18, A-1010 Vienna, and Invesco Asset Management (Schweiz) AG, Stockerstrasse 14, CH-8002 Zurich. Paying agent for the funds registered for sale in
Switzerland: BNP PARIBAS SCURITIES SERVICES, Paris, succursale de Zurich, Selnaustrasse 16, CH-8002 Zurich.