Our investment in this company is another example of the Invesco Energy Fund discipline in action: Find quality companies that are oversold by the market and are run by an incredibly strong management team. Keeping a long-term perspective is key to finding value. We’re not investing for the next two or three weeks; we see a very compelling investment opportunity when we look out two to three years.

1 Source: Bloomberg L.P., as of Sept. 4, 2015

2 Source: Company reports

3 Sources: Company reports and Invesco analysis

Important information

Businesses in the energy sector may be adversely affected by foreign, federal or state regulations governing energy production, distribution and sale as well as supply-and-demand for energy resources. Short-term volatility in energy prices may cause share price fluctuations.

The fund is subject to certain other risks. Please see the current prospectus for more information regarding the risks associated with an investment in the fund.

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 ask their advisors for a prospectus/summary prospectus or visit invesco.com/fundprospectus.

This article was written by Norman MacDonald, a portfolio manager for Invesco Energy Fund and Invesco Gold & Precious Metals Fund.

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