INVESCO FUNDS (the “Funds”) SPECIAL JOINT MEETING OF SHAREHOLDERS TO BE HELD ON MARCH 9, 2017 PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES (the “Board”) The undersigned hereby appoints Philip A. Taylor, John M. Zerr, Sheri S. Morris, Peter A. Davidson, Christopher B. Fischer, Odeh Stevens, and Amanda M. Roberts, and any one of them separately, proxies with full power of substitution in each, and hereby authorizes them to represent and to vote and act with respect to all interests in each series of the Trust (each, a “Fund”) with respect to which the undersigned is entitled to vote at the Special Joint Meeting of Shareholders to be held at 1555 Peachtree Street, N.E., Atlanta, Georgia 30309 on March 9, 2017, at 10:30 a.m., Eastern Standard Time, and at any adjournment(s), postponement(s) or delay(s) thereof, all of the Shares of the Fund(s) which the undersigned would be entitled to vote if personally present. IF THIS PROXY IS SIGNED AND RETURNED WITH NO CHOICE INDICATED, THE SHARES WILL BE VOTED “FOR” ALL THE PROPOSALS AT THE DISCRETION OF THE PROXIES. PROXIES ARE AUTHORIZED TO VOTE, IN THEIR DISCRETION, UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING AND IN ACCORDANCE WITH THE VOTING STANDARDS SET FORTH IN THE PROXY STATEMENT WITH RESPECT TO ANY ADJOURNMENT OR POSTPONEMENT OF THE MEETING. NOTE: If you vote by telephone or on the Internet, please do NOT return your proxy card. IMPORTANT NOTICE REGARDING THE AVAILABLITY OF PROXY MATERIALS for the Special Joint Meeting of Shareholders on March 9, 2017. The Proxy Statement for this meeting is available at: https://www.proxy-direct.com/inv-28383 VOTE ON THE INTERNET Log on to: www.proxy-direct.com or scan the QR code Follow the on-screen instructions available 24 hours VOTE BY PHONE Call 1-800-337-3503 Follow the recorded instructions available 24 hours FUNDS FUNDS FUNDS Invesco All Cap Market Neutral Fund Invesco American Value Fund Invesco Balanced-Risk Allocation Fund Invesco Balanced-Risk Retirement 2030 Fund Invesco Balanced-Risk Retirement Now Fund Invesco Alternative Strategies Fund Invesco Asia Pacific Growth Fund Invesco Balanced-Risk Commodity Strategy Fund Invesco Balanced-Risk Retirement 2040 Fund Invesco California Tax-Free Income Fund Invesco American Franchise Fund Invesco Balanced-Risk Aggressive Allocation Fund Invesco Balanced-Risk Retirement 2020 Fund Invesco Balanced-Risk Retirement 2050 Fund DO NOT TEAR INV_28383_122016_BK1 THIS PROXY IS SOLICITED BY THE BOARD OF TRUSTEES. The Board of Trustees recommends that you vote FOR the following Proposal(s): TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS Example: + X A Proposals 1. To elect 15 trustees to each Board, each of whom will serve until his or her successor is elected and qualified. To withhold authority to vote for any individual nominee(s) mark the box “FOR ALL EXCEPT” and write the nominee number(s) on the line provided. 01. 05. 09. 13. David C. Arch Martin L. Flanagan Teresa M. Ressel Philip A. Taylor 02. 06. 10. 14. James T. Bunch Cynthia Hostetler Dr. Larry Soll Robert C. Troccoli FOR ALL 01 Invesco All Cap Market Neutral Fund 03 Invesco American Franchise Fund 05 Invesco Asia Pacific Growth Fund 07 Invesco Balanced-Risk Allocation Fund 09 Invesco Balanced-Risk Retirement 2020 Fund 11 Invesco Balanced-Risk Retirement 2040 Fund 13 Invesco Balanced-Risk Retirement Now Fund 03. 07. 11. 15. Bruce L. Crockett Dr. Eli Jones Ann Barnett Stern Christopher L. Wilson 04. Jack M. Fields 08. Dr. Prema Mathai-Davis 12. Raymond Stickel, Jr. WITHHOLD FOR ALL ALL EXCEPT FOR ALL 02 Invesco Alternative Strategies Fund 04 Invesco American Value Fund 06 Invesco Balanced-Risk Aggressive Allocation Fund 08 Invesco Balanced-Risk Commodity Strategy Fund 10 Invesco Balanced-Risk Retirement 2030 Fund 12 Invesco Balanced-Risk Retirement 2050 Fund 14 Invesco California Tax-Free Income Fund WITHHOLD FOR ALL ALL EXCEPT 2. To approve an amendment to each Trust’s Agreement and Declaration of Trust that would permit fund mergers and other significant transactions upon the Board’s approval but without shareholder approval of such transactions. FOR AGAINST ABSTAIN 01 Invesco All Cap Market Neutral Fund 03 Invesco American Franchise Fund 05 Invesco Asia Pacific Growth Fund 07 Invesco Balanced-Risk Allocation Fund 09 Invesco Balanced-Risk Retirement 2020 Fund 11 Invesco Balanced-Risk Retirement 2040 Fund 13 Invesco Balanced-Risk Retirement Now Fund 3. FOR AGAINST ABSTAIN FOR AGAINST ABSTAIN 02 Invesco Alternative Strategies Fund 04 Invesco American Value Fund 06 Invesco Balanced-Risk Aggressive Allocation Fund 08 Invesco Balanced-Risk Commodity Strategy Fund 10 Invesco Balanced-Risk Retirement 2030 Fund 12 Invesco Balanced-Risk Retirement 2050 Fund 14 Invesco California Tax-Free Income Fund To approve changing the fundamental investment restriction regarding the purchase or sale of physical commodities. FOR AGAINST ABSTAIN 01 Invesco All Cap Market Neutral Fund 03 Invesco American Franchise Fund 05 Invesco Asia Pacific Growth Fund 07 Invesco Balanced-Risk Allocation Fund 09 Invesco Balanced-Risk Retirement 2020 Fund 11 Invesco Balanced-Risk Retirement 2040 Fund 13 Invesco Balanced-Risk Retirement Now Fund 02 Invesco Alternative Strategies Fund 04 Invesco American Value Fund 06 Invesco Balanced-Risk Aggressive Allocation Fund 08 Invesco Balanced-Risk Commodity Strategy Fund 10 Invesco Balanced-Risk Retirement 2030 Fund 12 Invesco Balanced-Risk Retirement 2050 Fund 14 Invesco California Tax-Free Income Fund 4. To approve an amendment to certain Funds’ current Master Intergroup Sub-Advisory Contract to add new sub-advisers as follows: 4A. To approve an amendment to the current Master Intergroup Sub-Advisory Contract to add Invesco PowerShares Capital Management LLC. FOR AGAINST ABSTAIN 01 Invesco American Franchise Fund 03 Invesco Asia Pacific Growth Fund 05 Invesco Balanced-Risk Commodity Strategy Fund 07 Invesco Balanced-Risk Retirement 2030 Fund 09 Invesco Balanced-Risk Retirement 2050 Fund 11 Invesco California Tax-Free Income Fund FOR AGAINST ABSTAIN 02 Invesco American Value Fund 04 Invesco Balanced-Risk Allocation Fund 06 Invesco Balanced-Risk Retirement 2020 Fund 08 Invesco Balanced-Risk Retirement 2040 Fund 10 Invesco Balanced-Risk Retirement Now Fund 4B. To approve an amendment to the current Master Intergroup Sub-Advisory Contract to add Invesco Asset Management (India) Private Limited. FOR AGAINST ABSTAIN 01 Invesco All Cap Market Neutral Fund 03 Invesco American Franchise Fund 05 Invesco Asia Pacific Growth Fund 07 Invesco Balanced-Risk Allocation Fund 09 Invesco Balanced-Risk Retirement 2020 Fund 11 Invesco Balanced-Risk Retirement 2040 Fund 13 Invesco Balanced-Risk Retirement Now Fund FOR AGAINST ABSTAIN 02 Invesco Alternative Strategies Fund 04 Invesco American Value Fund 06 Invesco Balanced-Risk Aggressive Allocation Fund 08 Invesco Balanced-Risk Commodity Strategy Fund 10 Invesco Balanced-Risk Retirement 2030 Fund 12 Invesco Balanced-Risk Retirement 2050 Fund 14 Invesco California Tax-Free Income Fund 5. To approve changing the sub-classification from “diversified” to “non-diversified” as follows: 5A. To approve changing the Fund’s sub-classification from “diversified” to “non-diversified” and approve the elimination of a related fundamental investment restriction. FOR AGAINST ABSTAIN Not applicable 5B. To approve changing the Fund’s sub-classification from “diversified” to “non-diversified” and approve the elimination of a related fundamental investment restriction. FOR AGAINST ABSTAIN Not applicable B Authorized Signatures ─ This section must be completed for your vote to be counted.─ Sign and Date Below Date (mm/dd/yyyy) ─ Please print date below / Signature 2 ─ Please keep signature within the box Signature 1 ─ Please keep signature within the box / 608999900109999999999 xxxxxxxxxxxxxx INV 28383 M xxxxxxxx + INVESCO FUNDS (the “Funds”) SPECIAL JOINT MEETING OF SHAREHOLDERS TO BE HELD ON MARCH 9, 2017 PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES (the “Board”) The undersigned hereby appoints Philip A. Taylor, John M. Zerr, Sheri S. Morris, Peter A. Davidson, Christopher B. Fischer, Odeh Stevens, and Amanda M. Roberts, and any one of them separately, proxies with full power of substitution in each, and hereby authorizes them to represent and to vote and act with respect to all interests in each series of the Trust (each, a “Fund”) with respect to which the undersigned is entitled to vote at the Special Joint Meeting of Shareholders to be held at 1555 Peachtree Street, N.E., Atlanta, Georgia 30309 on March 9, 2017, at 10:30 a.m., Eastern Standard Time, and at any adjournment(s), postponement(s) or delay(s) thereof, all of the Shares of the Fund(s) which the undersigned would be entitled to vote if personally present. IF THIS PROXY IS SIGNED AND RETURNED WITH NO CHOICE INDICATED, THE SHARES WILL BE VOTED “FOR” ALL THE PROPOSALS AT THE DISCRETION OF THE PROXIES. PROXIES ARE AUTHORIZED TO VOTE, IN THEIR DISCRETION, UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING AND IN ACCORDANCE WITH THE VOTING STANDARDS SET FORTH IN THE PROXY STATEMENT WITH RESPECT TO ANY ADJOURNMENT OR POSTPONEMENT OF THE MEETING. NOTE: If you vote by telephone or on the Internet, please do NOT return your proxy card. IMPORTANT NOTICE REGARDING THE AVAILABLITY OF PROXY MATERIALS for the Special Joint Meeting of Shareholders on March 9, 2017. The Proxy Statement for this meeting is available at: https://www.proxy-direct.com/inv-28383 VOTE ON THE INTERNET Log on to: www.proxy-direct.com or scan the QR code Follow the on-screen instructions available 24 hours VOTE BY PHONE Call 1-800-337-3503 Follow the recorded instructions available 24 hours FUNDS FUNDS FUNDS Invesco Charter Fund Invesco Conservative Income Fund Invesco Corporate Bond Fund Invesco Dividend Income Fund Invesco Endeavor Fund Invesco Comstock Fund Invesco Convertible Securities Fund Invesco Developing Markets Fund Invesco Emerging Markets Equity Fund Invesco Energy Fund Invesco Conservative Allocation Fund Invesco Core Plus Bond Fund Invesco Diversified Dividend Fund Invesco Emerging Markets Flexible Bond Fund DO NOT TEAR INV_28383_122016_BK1 THIS PROXY IS SOLICITED BY THE BOARD OF TRUSTEES. The Board of Trustees recommends that you vote FOR the following Proposal(s): TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS Example: + X A Proposals 1. To elect 15 trustees to each Board, each of whom will serve until his or her successor is elected and qualified. To withhold authority to vote for any individual nominee(s) mark the box “FOR ALL EXCEPT” and write the nominee number(s) on the line provided. 01. 05. 09. 13. David C. Arch Martin L. Flanagan Teresa M. Ressel Philip A. Taylor 02. 06. 10. 14. James T. Bunch Cynthia Hostetler Dr. Larry Soll Robert C. Troccoli FOR ALL 01 Invesco Charter Fund 03 Invesco Conservative Allocation Fund 05 Invesco Convertible Securities Fund 07 Invesco Corporate Bond Fund 09 Invesco Diversified Dividend Fund 11 Invesco Emerging Markets Equity Fund 13 Invesco Endeavor Fund 03. 07. 11. 15. Bruce L. Crockett Dr. Eli Jones Ann Barnett Stern Christopher L. Wilson 04. Jack M. Fields 08. Dr. Prema Mathai-Davis 12. Raymond Stickel, Jr. WITHHOLD FOR ALL ALL EXCEPT FOR ALL 02 Invesco Comstock Fund 04 Invesco Conservative Income Fund 06 Invesco Core Plus Bond Fund 08 Invesco Developing Markets Fund 10 Invesco Dividend Income Fund 12 Invesco Emerging Markets Flexible Bond Fund 14 Invesco Energy Fund WITHHOLD FOR ALL ALL EXCEPT 2. To approve an amendment to each Trust’s Agreement and Declaration of Trust that would permit fund mergers and other significant transactions upon the Board’s approval but without shareholder approval of such transactions. FOR AGAINST ABSTAIN 01 Invesco Charter Fund 03 Invesco Conservative Allocation Fund 05 Invesco Convertible Securities Fund 07 Invesco Corporate Bond Fund 09 Invesco Diversified Dividend Fund 11 Invesco Emerging Markets Equity Fund 13 Invesco Endeavor Fund 3. FOR AGAINST ABSTAIN FOR AGAINST ABSTAIN 02 Invesco Comstock Fund 04 Invesco Conservative Income Fund 06 Invesco Core Plus Bond Fund 08 Invesco Developing Markets Fund 10 Invesco Dividend Income Fund 12 Invesco Emerging Markets Flexible Bond Fund 14 Invesco Energy Fund To approve changing the fundamental investment restriction regarding the purchase or sale of physical commodities. FOR AGAINST ABSTAIN 01 Invesco Charter Fund 03 Invesco Conservative Allocation Fund 05 Invesco Convertible Securities Fund 07 Invesco Corporate Bond Fund 09 Invesco Diversified Dividend Fund 11 Invesco Emerging Markets Equity Fund 13 Invesco Endeavor Fund 02 Invesco Comstock Fund 04 Invesco Conservative Income Fund 06 Invesco Core Plus Bond Fund 08 Invesco Developing Markets Fund 10 Invesco Dividend Income Fund 12 Invesco Emerging Markets Flexible Bond Fund 14 Invesco Energy Fund 4. To approve an amendment to certain Funds’ current Master Intergroup Sub-Advisory Contract to add new sub-advisers as follows: 4A. To approve an amendment to the current Master Intergroup Sub-Advisory Contract to add Invesco PowerShares Capital Management LLC. FOR AGAINST ABSTAIN 01 Invesco Charter Fund 03 Invesco Conservative Allocation Fund 05 Invesco Core Plus Bond Fund 07 Invesco Developing Markets Fund 09 Invesco Dividend Income Fund 11 Invesco Emerging Markets Flexible Bond Fund 13 Invesco Energy Fund FOR AGAINST ABSTAIN 02 Invesco Comstock Fund 04. Invesco Convertible Securities Fund 06 Invesco Corporate Bond Fund 08 Invesco Diversified Dividend Fund 10 Invesco Emerging Markets Equity Fund 12 Invesco Endeavor Fund 4B. To approve an amendment to the current Master Intergroup Sub-Advisory Contract to add Invesco Asset Management (India) Private Limited. FOR AGAINST ABSTAIN 01 Invesco Charter Fund 03 Invesco Conservative Allocation Fund 05 Invesco Convertible Securities Fund 07 Invesco Corporate Bond Fund 09 Invesco Diversified Dividend Fund 11 Invesco Emerging Markets Equity Fund 13 Invesco Endeavor Fund FOR AGAINST ABSTAIN 02 Invesco Comstock Fund 04 Invesco Conservative Income Fund 06 Invesco Core Plus Bond Fund 08 Invesco Developing Markets Fund 10 Invesco Dividend Income Fund 12 Invesco Emerging Markets Flexible Bond Fund 14 Invesco Energy Fund 5. To approve changing the sub-classification from “diversified” to “non-diversified” as follows: 5A. To approve changing the Fund’s sub-classification from “diversified” to “non-diversified” and approve the elimination of a related fundamental investment restriction. FOR AGAINST ABSTAIN Not Applicable 5B. To approve changing the Fund’s sub-classification from “diversified” to “non-diversified” and approve the elimination of a related fundamental investment restriction. FOR AGAINST ABSTAIN Not Applicable B Authorized Signatures ─ This section must be completed for your vote to be counted.─ Sign and Date Below Date (mm/dd/yyyy) ─ Please print date below / Signature 2 ─ Please keep signature within the box Signature 1 ─ Please keep signature within the box / 608999900109999999999 xxxxxxxxxxxxxx INV 28383 M xxxxxxxx + INVESCO FUNDS (the “Funds”) SPECIAL JOINT MEETING OF SHAREHOLDERS TO BE HELD ON MARCH 9, 2017 PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES (the “Board”) The undersigned hereby appoints Philip A. Taylor, John M. Zerr, Sheri S. Morris, Peter A. Davidson, Christopher B. Fischer, Odeh Stevens, and Amanda M. Roberts, and any one of them separately, proxies with full power of substitution in each, and hereby authorizes them to represent and to vote and act with respect to all interests in each series of the Trust (each, a “Fund”) with respect to which the undersigned is entitled to vote at the Special Joint Meeting of Shareholders to be held at 1555 Peachtree Street, N.E., Atlanta, Georgia 30309 on March 9, 2017, at 10:30 a.m., Eastern Standard Time, and at any adjournment(s), postponement(s) or delay(s) thereof, all of the Shares of the Fund(s) which the undersigned would be entitled to vote if personally present. IF THIS PROXY IS SIGNED AND RETURNED WITH NO CHOICE INDICATED, THE SHARES WILL BE VOTED “FOR” ALL THE PROPOSALS AT THE DISCRETION OF THE PROXIES. PROXIES ARE AUTHORIZED TO VOTE, IN THEIR DISCRETION, UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING AND IN ACCORDANCE WITH THE VOTING STANDARDS SET FORTH IN THE PROXY STATEMENT WITH RESPECT TO ANY ADJOURNMENT OR POSTPONEMENT OF THE MEETING. NOTE: If you vote by telephone or on the Internet, please do NOT return your proxy card. IMPORTANT NOTICE REGARDING THE AVAILABLITY OF PROXY MATERIALS for the Special Joint Meeting of Shareholders on March 9, 2017. The Proxy Statement for this meeting is available at: https://www.proxy-direct.com/inv-28383 VOTE ON THE INTERNET Log on to: www.proxy-direct.com or scan the QR code Follow the on-screen instructions available 24 hours VOTE BY PHONE Call 1-800-337-3503 Follow the recorded instructions available 24 hours FUNDS FUNDS FUNDS Invesco Equally-Weighted S&P 500 Fund Invesco European Small Company Fund Invesco Global Core Equity Fund Invesco Global Infrastructure Fund Invesco Global Opportunities Fund Invesco Equity & Income Fund Invesco Exchange Fund Invesco Global Growth Fund Invesco Global Low Volatility Equity Yield Fund Invesco Global Real Estate Fund Invesco European Growth Fund Invesco Floating Rate Fund Invesco Global Health Care Fund Invesco Global Market Neutral Fund DO NOT TEAR INV_28383_122016_BK1 THIS PROXY IS SOLICITED BY THE BOARD OF TRUSTEES. The Board of Trustees recommends that you vote FOR the following Proposal(s): TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS Example: + X A Proposals 1. To elect 15 trustees to each Board, each of whom will serve until his or her successor is elected and qualified. To withhold authority to vote for any individual nominee(s) mark the box “FOR ALL EXCEPT” and write the nominee number(s) on the line provided. 01. 05. 09. 13. David C. Arch Martin L. Flanagan Teresa M. Ressel Philip A. Taylor 02. 06. 10. 14. James T. Bunch Cynthia Hostetler Dr. Larry Soll Robert C. Troccoli FOR ALL 01 Invesco Equally-Weighted S&P 500 Fund 03 Invesco European Growth Fund 05 Invesco Exchange Fund 07 Invesco Global Core Equity Fund 09 Invesco Global Health Care Fund 11 Invesco Global Low Volatility Equity Yield Fund 13 Invesco Global Opportunities Fund 03. 07. 11. 15. Bruce L. Crockett Dr. Eli Jones Ann Barnett Stern Christopher L. Wilson 04. Jack M. Fields 08. Dr. Prema Mathai-Davis 12. Raymond Stickel, Jr. WITHHOLD FOR ALL ALL EXCEPT FOR ALL 02 Invesco Equity & Income Fund 04 Invesco European Small Company Fund 06 Invesco Floating Rate Fund 08 Invesco Global Growth Fund 10 Invesco Global Infrastructure Fund 12 Invesco Global Market Neutral Fund 14 Invesco Global Real Estate Fund WITHHOLD FOR ALL ALL EXCEPT 2. To approve an amendment to each Trust’s Agreement and Declaration of Trust that would permit fund mergers and other significant transactions upon the Board’s approval but without shareholder approval of such transactions. FOR AGAINST ABSTAIN 01 Invesco Equally-Weighted S&P 500 Fund 03 Invesco European Growth Fund 05 Invesco Exchange Fund 07 Invesco Global Core Equity Fund 09 Invesco Global Health Care Fund 11 Invesco Global Low Volatility Equity Yield Fund 13 Invesco Global Opportunities Fund 3. FOR AGAINST ABSTAIN FOR AGAINST ABSTAIN 02 Invesco Equity & Income Fund 04 Invesco European Small Company Fund 06 Invesco Floating Rate Fund 08 Invesco Global Growth Fund 10 Invesco Global Infrastructure Fund 12 Invesco Global Market Neutral Fund 14 Invesco Global Real Estate Fund To approve changing the fundamental investment restriction regarding the purchase or sale of physical commodities. FOR AGAINST ABSTAIN 01 Invesco Equally-Weighted S&P 500 Fund 03 Invesco European Growth Fund 05 Invesco Exchange Fund 07 Invesco Global Core Equity Fund 09 Invesco Global Health Care Fund 11 Invesco Global Low Volatility Equity Yield Fund 13 Invesco Global Opportunities Fund 02 Invesco Equity & Income Fund 04 Invesco European Small Company Fund 06 Invesco Floating Rate Fund 08 Invesco Global Growth Fund 10 Invesco Global Infrastructure Fund 12 Invesco Global Market Neutral Fund 14 Invesco Global Real Estate Fund 4. To approve an amendment to certain Funds’ current Master Intergroup Sub-Advisory Contract to add new sub-advisers as follows: 4A. To approve an amendment to the current Master Intergroup Sub-Advisory Contract to add Invesco PowerShares Capital Management LLC. FOR AGAINST ABSTAIN 01 Invesco Equally-Weighted S&P 500 Fund 03 Invesco European Growth Fund 05 Invesco Exchange Fund 07 Invesco Global Core Equity Fund 09 Invesco Global Health Care Fund 11 Invesco Global Real Estate Fund FOR AGAINST ABSTAIN 02 Invesco Equity & Income Fund 04 Invesco European Small Company Fund 06 Invesco Floating Rate Fund 08 Invesco Global Growth Fund 10 Invesco Global Low Volatility Equity Yield Fund 4B. To approve an amendment to the current Master Intergroup Sub-Advisory Contract to add Invesco Asset Management (India) Private Limited. FOR AGAINST ABSTAIN 01 Invesco Equally-Weighted S&P 500 Fund 03 Invesco European Growth Fund 05 Invesco Exchange Fund 07 Invesco Global Core Equity Fund 09 Invesco Global Health Care Fund 11 Invesco Global Low Volatility Equity Yield Fund 13 Invesco Global Opportunities Fund FOR AGAINST ABSTAIN 02 Invesco Equity & Income Fund 04 Invesco European Small Company Fund 06 Invesco Floating Rate Fund 08 Invesco Global Growth Fund 10 Invesco Global Infrastructure Fund 12 Invesco Global Market Neutral Fund 14 Invesco Global Real Estate Fund 5. To approve changing the sub-classification from “diversified” to “non-diversified” as follows: 5A. To approve changing the Fund’s sub-classification from “diversified” to “non-diversified” and approve the elimination of a related fundamental investment restriction. FOR AGAINST ABSTAIN Not Applicable 5B. To approve changing the Fund’s sub-classification from “diversified” to “non-diversified” and approve the elimination of a related fundamental investment restriction. FOR AGAINST ABSTAIN Not Applicable B Authorized Signatures ─ This section must be completed for your vote to be counted.─ Sign and Date Below Date (mm/dd/yyyy) ─ Please print date below / Signature 2 ─ Please keep signature within the box Signature 1 ─ Please keep signature within the box / 608999900109999999999 xxxxxxxxxxxxxx INV 28383 M xxxxxxxx + INVESCO FUNDS (the “Funds”) SPECIAL JOINT MEETING OF SHAREHOLDERS TO BE HELD ON MARCH 9, 2017 PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES (the “Board”) The undersigned hereby appoints Philip A. Taylor, John M. Zerr, Sheri S. Morris, Peter A. Davidson, Christopher B. Fischer, Odeh Stevens, and Amanda M. Roberts, and any one of them separately, proxies with full power of substitution in each, and hereby authorizes them to represent and to vote and act with respect to all interests in each series of the Trust (each, a “Fund”) with respect to which the undersigned is entitled to vote at the Special Joint Meeting of Shareholders to be held at 1555 Peachtree Street, N.E., Atlanta, Georgia 30309 on March 9, 2017, at 10:30 a.m., Eastern Standard Time, and at any adjournment(s), postponement(s) or delay(s) thereof, all of the Shares of the Fund(s) which the undersigned would be entitled to vote if personally present. IF THIS PROXY IS SIGNED AND RETURNED WITH NO CHOICE INDICATED, THE SHARES WILL BE VOTED “FOR” ALL THE PROPOSALS AT THE DISCRETION OF THE PROXIES. PROXIES ARE AUTHORIZED TO VOTE, IN THEIR DISCRETION, UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING AND IN ACCORDANCE WITH THE VOTING STANDARDS SET FORTH IN THE PROXY STATEMENT WITH RESPECT TO ANY ADJOURNMENT OR POSTPONEMENT OF THE MEETING. NOTE: If you vote by telephone or on the Internet, please do NOT return your proxy card. IMPORTANT NOTICE REGARDING THE AVAILABLITY OF PROXY MATERIALS for the Special Joint Meeting of Shareholders on March 9, 2017. The Proxy Statement for this meeting is available at: https://www.proxy-direct.com/inv-28383 VOTE ON THE INTERNET Log on to: www.proxy-direct.com or scan the QR code Follow the on-screen instructions available 24 hours VOTE BY PHONE Call 1-800-337-3503 Follow the recorded instructions available 24 hours FUNDS FUNDS FUNDS Invesco Global Real Estate Income Fund Invesco Global Targeted Returns Fund Invesco Greater China Fund Invesco High Yield Fund Invesco Intermediate Term Municipal Income Fund Invesco Global Responsibility Equity Fund Invesco Gold & Precious Metals Fund Invesco Growth Allocation Fund Invesco High Yield Municipal Fund Invesco International Allocation Fund Invesco Global Small & Mid Cap Growth Fund Invesco Government Money Market Fund Invesco Growth and Income Fund Invesco Income Allocation Fund DO NOT TEAR INV_28383_122016_BK1 THIS PROXY IS SOLICITED BY THE BOARD OF TRUSTEES. The Board of Trustees recommends that you vote FOR the following Proposal(s): TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS Example: + X A Proposals 1. To elect 15 trustees to each Board, each of whom will serve until his or her successor is elected and qualified. To withhold authority to vote for any individual nominee(s) mark the box “FOR ALL EXCEPT” and write the nominee number(s) on the line provided. 01. 05. 09. 13. David C. Arch Martin L. Flanagan Teresa M. Ressel Philip A. Taylor 02. 06. 10. 14. James T. Bunch Cynthia Hostetler Dr. Larry Soll Robert C. Troccoli FOR ALL 01 Invesco Global Real Estate Income Fund 03 Invesco Global Small & Mid Cap Growth Fund 05 Invesco Gold & Precious Metals Fund 07 Invesco Greater China Fund 09 Invesco Growth and Income Fund 11 Invesco High Yield Municipal Fund 13 Invesco Intermediate Term Municipal Income Fund 03. 07. 11. 15. Bruce L. Crockett Dr. Eli Jones Ann Barnett Stern Christopher L. Wilson 04. Jack M. Fields 08. Dr. Prema Mathai-Davis 12. Raymond Stickel, Jr. WITHHOLD FOR ALL ALL EXCEPT FOR ALL 02 Invesco Global Responsibility Equity Fund 04 Invesco Global Targeted Returns Fund 06 Invesco Government Money Market Fund 08 Invesco Growth Allocation Fund 10 Invesco High Yield Fund 12 Invesco Income Allocation Fund 14 Invesco International Allocation Fund WITHHOLD FOR ALL ALL EXCEPT 2. To approve an amendment to each Trust’s Agreement and Declaration of Trust that would permit fund mergers and other significant transactions upon the Board’s approval but without shareholder approval of such transactions. FOR AGAINST ABSTAIN 01 Invesco Global Real Estate Income Fund 03 Invesco Global Small & Mid Cap Growth Fund 05 Invesco Gold & Precious Metals Fund 07 Invesco Greater China Fund 09 Invesco Growth and Income Fund 11 Invesco High Yield Municipal Fund 13 Invesco Intermediate Term Municipal Income Fund 3. FOR AGAINST ABSTAIN FOR AGAINST ABSTAIN 02 Invesco Global Responsibility Equity Fund 04 Invesco Global Targeted Returns Fund 06 Invesco Government Money Market Fund 08 Invesco Growth Allocation Fund 10 Invesco High Yield Fund 12 Invesco Income Allocation Fund 14 Invesco International Allocation Fund To approve changing the fundamental investment restriction regarding the purchase or sale of physical commodities. FOR AGAINST ABSTAIN 01 Invesco Global Real Estate Income Fund 03 Invesco Global Small & Mid Cap Growth Fund 05 Invesco Gold & Precious Metals Fund 07 Invesco Greater China Fund 09 Invesco Growth and Income Fund 11 Invesco High Yield Municipal Fund 13 Invesco Intermediate Term Municipal Income Fund 02 Invesco Global Responsibility Equity Fund 04 Invesco Global Targeted Returns Fund 06 Invesco Government Money Market Fund 08 Invesco Growth Allocation Fund 10 Invesco High Yield Fund 12 Invesco Income Allocation Fund 14 Invesco International Allocation Fund 4. To approve an amendment to certain Funds’ current Master Intergroup Sub-Advisory Contract to add new sub-advisers as follows: 4A. To approve an amendment to the current Master Intergroup Sub-Advisory Contract to add Invesco PowerShares Capital Management LLC. FOR AGAINST ABSTAIN 01 Invesco Global Real Estate Income Fund 03 Invesco Gold & Precious Metals Fund 05 Invesco Greater China Fund 07 Invesco Growth and Income Fund 09 Invesco High Yield Municipal Fund 11 Invesco Intermediate Term Municipal Income Fund FOR AGAINST ABSTAIN 02 Invesco Global Small & Mid Cap Growth Fund 04 Invesco Government Money Market Fund 06 Invesco Growth Allocation Fund 08 Invesco High Yield Fund 10 Invesco Income Allocation Fund 12 Invesco International Allocation Fund 4B. To approve an amendment to the current Master Intergroup Sub-Advisory Contract to add Invesco Asset Management (India) Private Limited. FOR AGAINST ABSTAIN 01 Invesco Global Real Estate Income Fund 03 Invesco Global Small & Mid Cap Growth Fund 05 Invesco Gold & Precious Metals Fund 07 Invesco Greater China Fund 09 Invesco Growth and Income Fund 11 Invesco High Yield Municipal Fund 13 Invesco Intermediate Term Municipal Income Fund FOR AGAINST ABSTAIN 02 Invesco Global Responsibility Equity Fund 04 Invesco Global Targeted Returns Fund 06 Invesco Government Money Market Fund 08 Invesco Growth Allocation Fund 10 Invesco High Yield Fund 12 Invesco Income Allocation Fund 14 Invesco International Allocation Fund 5. To approve changing the sub-classification from “diversified” to “non-diversified” as follows: 5A. To approve changing the Fund’s sub-classification from “diversified” to “non-diversified” and approve the elimination of a related fundamental investment restriction. FOR AGAINST ABSTAIN Not Applicable 5B. To approve changing the Fund’s sub-classification from “diversified” to “non-diversified” and approve the elimination of a related fundamental investment restriction. FOR AGAINST ABSTAIN Not Applicable B Authorized Signatures ─ This section must be completed for your vote to be counted.─ Sign and Date Below Date (mm/dd/yyyy) ─ Please print date below / Signature 2 ─ Please keep signature within the box Signature 1 ─ Please keep signature within the box / 608999900109999999999 xxxxxxxxxxxxxx INV 28383 M xxxxxxxx + INVESCO FUNDS (the “Funds”) SPECIAL JOINT MEETING OF SHAREHOLDERS TO BE HELD ON MARCH 9, 2017 PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES (the “Board”) The undersigned hereby appoints Philip A. Taylor, John M. Zerr, Sheri S. Morris, Peter A. Davidson, Christopher B. Fischer, Odeh Stevens, and Amanda M. Roberts, and any one of them separately, proxies with full power of substitution in each, and hereby authorizes them to represent and to vote and act with respect to all interests in each series of the Trust (each, a “Fund”) with respect to which the undersigned is entitled to vote at the Special Joint Meeting of Shareholders to be held at 1555 Peachtree Street, N.E., Atlanta, Georgia 30309 on March 9, 2017, at 10:30 a.m., Eastern Standard Time, and at any adjournment(s), postponement(s) or delay(s) thereof, all of the Shares of the Fund(s) which the undersigned would be entitled to vote if personally present. IF THIS PROXY IS SIGNED AND RETURNED WITH NO CHOICE INDICATED, THE SHARES WILL BE VOTED “FOR” ALL THE PROPOSALS AT THE DISCRETION OF THE PROXIES. PROXIES ARE AUTHORIZED TO VOTE, IN THEIR DISCRETION, UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING AND IN ACCORDANCE WITH THE VOTING STANDARDS SET FORTH IN THE PROXY STATEMENT WITH RESPECT TO ANY ADJOURNMENT OR POSTPONEMENT OF THE MEETING. NOTE: If you vote by telephone or on the Internet, please do NOT return your proxy card. IMPORTANT NOTICE REGARDING THE AVAILABLITY OF PROXY MATERIALS for the Special Joint Meeting of Shareholders on March 9, 2017. The Proxy Statement for this meeting is available at: https://www.proxy-direct.com/inv-28383 VOTE ON THE INTERNET Log on to: www.proxy-direct.com or scan the QR code Follow the on-screen instructions available 24 hours VOTE BY PHONE Call 1-800-337-3503 Follow the recorded instructions available 24 hours FUNDS FUNDS FUNDS Invesco International Companies Fund Invesco International Small Company Fund Invesco Low Volatility Emerging Markets Fund Invesco Macro International Equity Fund Invesco Mid Cap Growth Fund Invesco International Core Equity Fund Invesco Limited Term Municipal Income Fund Invesco Low Volatility Equity Yield Fund Invesco Macro Long/Short Fund Invesco MLP Fund Invesco International Growth Fund Invesco Long/Short Equity Fund Invesco Macro Allocation Strategy Fund Invesco Mid Cap Core Equity Fund DO NOT TEAR INV_28383_122016_BK1 THIS PROXY IS SOLICITED BY THE BOARD OF TRUSTEES. The Board of Trustees recommends that you vote FOR the following Proposal(s): TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS Example: + X A Proposals 1. To elect 15 trustees to each Board, each of whom will serve until his or her successor is elected and qualified. To withhold authority to vote for any individual nominee(s) mark the box “FOR ALL EXCEPT” and write the nominee number(s) on the line provided. 01. 05. 09. 13. David C. Arch Martin L. Flanagan Teresa M. Ressel Philip A. Taylor 02. 06. 10. 14. James T. Bunch Cynthia Hostetler Dr. Larry Soll Robert C. Troccoli FOR ALL 01 Invesco International Companies Fund 03 Invesco International Growth Fund 05 Invesco Limited Term Municipal Income Fund 07 Invesco Low Volatility Emerging Markets Fund 09 Invesco Macro Allocation Strategy Fund 11 Invesco Macro Long/Short Fund 13 Invesco Mid Cap Growth Fund 03. 07. 11. 15. Bruce L. Crockett Dr. Eli Jones Ann Barnett Stern Christopher L. Wilson 04. Jack M. Fields 08. Dr. Prema Mathai-Davis 12. Raymond Stickel, Jr. WITHHOLD FOR ALL ALL EXCEPT FOR ALL 02 Invesco International Core Equity Fund 04 Invesco International Small Company Fund 06 Invesco Long/Short Equity Fund 08 Invesco Low Volatility Equity Yield Fund 10 Invesco Macro International Equity Fund 12 Invesco Mid Cap Core Equity Fund 14 Invesco MLP Fund WITHHOLD FOR ALL ALL EXCEPT 2. To approve an amendment to each Trust’s Agreement and Declaration of Trust that would permit fund mergers and other significant transactions upon the Board’s approval but without shareholder approval of such transactions. FOR AGAINST ABSTAIN 01 Invesco International Companies Fund 03 Invesco International Growth Fund 05 Invesco Limited Term Municipal Income Fund 07 Invesco Low Volatility Emerging Markets Fund 09 Invesco Macro Allocation Strategy Fund 11 Invesco Macro Long/Short Fund 13 Invesco Mid Cap Growth Fund 3. FOR AGAINST ABSTAIN FOR AGAINST ABSTAIN 02 Invesco International Core Equity Fund 04 Invesco International Small Company Fund 06 Invesco Long/Short Equity Fund 08 Invesco Low Volatility Equity Yield Fund 10 Invesco Macro International Equity Fund 12 Invesco Mid Cap Core Equity Fund 14 Invesco MLP Fund To approve changing the fundamental investment restriction regarding the purchase or sale of physical commodities. FOR AGAINST ABSTAIN 01 Invesco International Companies Fund 03 Invesco International Growth Fund 05 Invesco Limited Term Municipal Income Fund 07 Invesco Low Volatility Emerging Markets Fund 09 Invesco Macro Allocation Strategy Fund 11 Invesco Macro Long/Short Fund 13 Invesco Mid Cap Growth Fund 02 Invesco International Core Equity Fund 04 Invesco International Small Company Fund 06 Invesco Long/Short Equity Fund 08 Invesco Low Volatility Equity Yield Fund 10 Invesco Macro International Equity Fund 12 Invesco Mid Cap Core Equity Fund 14 Invesco MLP Fund 4. To approve an amendment to certain Funds’ current Master Intergroup Sub-Advisory Contract to add new sub-advisers as follows: 4A. To approve an amendment to the current Master Intergroup Sub-Advisory Contract to add Invesco PowerShares Capital Management LLC. FOR AGAINST ABSTAIN 01 Invesco International Core Equity Fund 03 Invesco International Small Company Fund 05 Invesco Low Volatility Equity Yield Fund 07 Invesco Mid Cap Growth Fund FOR AGAINST ABSTAIN 02 Invesco International Growth Fund 04 Invesco Limited Term Municipal Income Fund 06 Invesco Mid Cap Core Equity Fund 4B. To approve an amendment to the current Master Intergroup Sub-Advisory Contract to add Invesco Asset Management (India) Private Limited. FOR AGAINST ABSTAIN 01 Invesco International Companies Fund 03 Invesco International Growth Fund 05 Invesco Limited Term Municipal Income Fund 07 Invesco Low Volatility Emerging Markets Fund 09 Invesco Macro Allocation Strategy Fund 11 Invesco Macro Long/Short Fund 13 Invesco Mid Cap Growth Fund FOR AGAINST ABSTAIN 02 Invesco International Core Equity Fund 04 Invesco International Small Company Fund 06 Invesco Long/Short Equity Fund 08 Invesco Low Volatility Equity Yield Fund 10 Invesco Macro International Equity Fund 12 Invesco Mid Cap Core Equity Fund 14 Invesco MLP Fund 5. To approve changing the sub-classification from “diversified” to “non-diversified” as follows: 5A. To approve changing the Fund’s sub-classification from “diversified” to “non-diversified” and approve the elimination of a related fundamental investment restriction. FOR AGAINST ABSTAIN Invesco Macro Allocation Strategy Fund 5B. To approve changing the Fund’s sub-classification from “diversified” to “non-diversified” and approve the elimination of a related fundamental investment restriction. FOR AGAINST ABSTAIN Not Applicable B Authorized Signatures ─ This section must be completed for your vote to be counted.─ Sign and Date Below Date (mm/dd/yyyy) ─ Please print date below / Signature 2 ─ Please keep signature within the box Signature 1 ─ Please keep signature within the box / 608999900109999999999 xxxxxxxxxxxxxx INV 28383 M xxxxxxxx + INVESCO FUNDS (the “Funds”) SPECIAL JOINT MEETING OF SHAREHOLDERS TO BE HELD ON MARCH 9, 2017 PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES (the “Board”) The undersigned hereby appoints Philip A. Taylor, John M. Zerr, Sheri S. Morris, Peter A. Davidson, Christopher B. Fischer, Odeh Stevens, and Amanda M. Roberts, and any one of them separately, proxies with full power of substitution in each, and hereby authorizes them to represent and to vote and act with respect to all interests in each series of the Trust (each, a “Fund”) with respect to which the undersigned is entitled to vote at the Special Joint Meeting of Shareholders to be held at 1555 Peachtree Street, N.E., Atlanta, Georgia 30309 on March 9, 2017, at 10:30 a.m., Eastern Standard Time, and at any adjournment(s), postponement(s) or delay(s) thereof, all of the Shares of the Fund(s) which the undersigned would be entitled to vote if personally present. IF THIS PROXY IS SIGNED AND RETURNED WITH NO CHOICE INDICATED, THE SHARES WILL BE VOTED “FOR” ALL THE PROPOSALS AT THE DISCRETION OF THE PROXIES. PROXIES ARE AUTHORIZED TO VOTE, IN THEIR DISCRETION, UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING AND IN ACCORDANCE WITH THE VOTING STANDARDS SET FORTH IN THE PROXY STATEMENT WITH RESPECT TO ANY ADJOURNMENT OR POSTPONEMENT OF THE MEETING. NOTE: If you vote by telephone or on the Internet, please do NOT return your proxy card. IMPORTANT NOTICE REGARDING THE AVAILABLITY OF PROXY MATERIALS for the Special Joint Meeting of Shareholders on March 9, 2017. The Proxy Statement for this meeting is available at: https://www.proxy-direct.com/inv-28383 VOTE ON THE INTERNET Log on to: www.proxy-direct.com or scan the QR code Follow the on-screen instructions available 24 hours VOTE BY PHONE Call 1-800-337-3503 Follow the recorded instructions available 24 hours FUNDS FUNDS FUNDS Invesco Moderate Allocation Fund Invesco Municipal Income Fund Invesco Pennsylvania Tax Free Income Fund Invesco S&P 500 Index Fund Invesco Short Duration High Yield Municipal Fund Invesco Multi-Asset Income Fund Invesco New York Tax Free Income Fund Invesco Quality Income Fund Invesco Select Companies Fund Invesco Short Duration Inflation Protected Fund Invesco Multi-Asset Inflation Fund Invesco Pacific Growth Fund Invesco Real Estate Fund Invesco Select Opportunities Fund DO NOT TEAR INV_28383_122016_BK1 THIS PROXY IS SOLICITED BY THE BOARD OF TRUSTEES. The Board of Trustees recommends that you vote FOR the following Proposal(s): TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS Example: + X A Proposals 1. To elect 15 trustees to each Board, each of whom will serve until his or her successor is elected and qualified. To withhold authority to vote for any individual nominee(s) mark the box “FOR ALL EXCEPT” and write the nominee number(s) on the line provided. 01. 05. 09. 13. David C. Arch Martin L. Flanagan Teresa M. Ressel Philip A. Taylor 02. 06. 10. 14. James T. Bunch Cynthia Hostetler Dr. Larry Soll Robert C. Troccoli FOR ALL 01 Invesco Moderate Allocation Fund 03 Invesco Multi-Asset Inflation Fund 05 Invesco New York Tax Free Income Fund 07 Invesco Pennsylvania Tax Free Income Fund 09 Invesco Real Estate Fund 11 Invesco Select Companies Fund 13 Invesco Short Duration High Yield Municipal Fund 03. 07. 11. 15. Bruce L. Crockett Dr. Eli Jones Ann Barnett Stern Christopher L. Wilson 04. Jack M. Fields 08. Dr. Prema Mathai-Davis 12. Raymond Stickel, Jr. WITHHOLD FOR ALL ALL EXCEPT FOR ALL 02 Invesco Multi-Asset Income Fund 04 Invesco Municipal Income Fund 06 Invesco Pacific Growth Fund 08 Invesco Quality Income Fund 10 Invesco S&P 500 Index Fund 12 Invesco Select Opportunities Fund 14 Invesco Short Duration Inflation Protected Fund WITHHOLD FOR ALL ALL EXCEPT 2. To approve an amendment to each Trust’s Agreement and Declaration of Trust that would permit fund mergers and other significant transactions upon the Board’s approval but without shareholder approval of such transactions. FOR AGAINST ABSTAIN 01 Invesco Moderate Allocation Fund 03 Invesco Multi-Asset Inflation Fund 05 Invesco New York Tax Free Income Fund 07 Invesco Pennsylvania Tax Free Income Fund 09 Invesco Real Estate Fund 11 Invesco Select Companies Fund 13 Invesco Short Duration High Yield Municipal Fund 3. FOR AGAINST ABSTAIN FOR AGAINST ABSTAIN 02 Invesco Multi-Asset Income Fund 04 Invesco Municipal Income Fund 06 Invesco Pacific Growth Fund 08 Invesco Quality Income Fund 10 Invesco S&P 500 Index Fund 12 Invesco Select Opportunities Fund 14 Invesco Short Duration Inflation Protected Fund To approve changing the fundamental investment restriction regarding the purchase or sale of physical commodities. FOR AGAINST ABSTAIN 01 Invesco Moderate Allocation Fund 03 Invesco Multi-Asset Inflation Fund 05 Invesco New York Tax Free Income Fund 07 Invesco Pennsylvania Tax Free Income Fund 09 Invesco Real Estate Fund 11 Invesco Select Companies Fund 13 Invesco Short Duration High Yield Municipal Fund 02 Invesco Multi-Asset Income Fund 04 Invesco Municipal Income Fund 06 Invesco Pacific Growth Fund 08 Invesco Quality Income Fund 10 Invesco S&P 500 Index Fund 12 Invesco Select Opportunities Fund 14 Invesco Short Duration Inflation Protected Fund 4. To approve an amendment to certain Funds’ current Master Intergroup Sub-Advisory Contract to add new sub-advisers as follows: 4A. To approve an amendment to the current Master Intergroup Sub-Advisory Contract to add Invesco PowerShares Capital Management LLC. FOR AGAINST ABSTAIN 01 Invesco Moderate Allocation Fund 03 Invesco New York Tax Free Income Fund 05 Invesco Pennsylvania Tax Free Income Fund 07 Invesco Real Estate Fund 09 Invesco Select Companies Fund FOR AGAINST ABSTAIN 02 Invesco Municipal Income Fund 04 Invesco Pacific Growth Fund 06 Invesco Quality Income Fund 08 Invesco S&P 500 Index Fund 10 Invesco Short Duration Inflation Protected Fund 4B. To approve an amendment to the current Master Intergroup Sub-Advisory Contract to add Invesco Asset Management (India) Private Limited. FOR AGAINST ABSTAIN 01 Invesco Moderate Allocation Fund 03 Invesco Multi-Asset Inflation Fund 05 Invesco New York Tax Free Income Fund 07 Invesco Pennsylvania Tax Free Income Fund 09 Invesco Real Estate Fund 11 Invesco Select Companies Fund 13 Invesco Short Duration High Yield Municipal Fund FOR AGAINST ABSTAIN 02 Invesco Multi-Asset Income Fund 04 Invesco Municipal Income Fund 06 Invesco Pacific Growth Fund 08 Invesco Quality Income Fund 10 Invesco S&P 500 Index Fund 12 Invesco Select Opportunities Fund 14 Invesco Short Duration Inflation Protected Fund 5. To approve changing the sub-classification from “diversified” to “non-diversified” as follows: 5A. To approve changing the Fund’s sub-classification from “diversified” to “non-diversified” and approve the elimination of a related fundamental investment restriction. FOR AGAINST ABSTAIN Not Applicable 5B. To approve changing the Fund’s sub-classification from “diversified” to “non-diversified” and approve the elimination of a related fundamental investment restriction. FOR AGAINST ABSTAIN Not Applicable B Authorized Signatures ─ This section must be completed for your vote to be counted.─ Sign and Date Below Date (mm/dd/yyyy) ─ Please print date below / Signature 2 ─ Please keep signature within the box Signature 1 ─ Please keep signature within the box / 608999900109999999999 xxxxxxxxxxxxxx INV 28383 M xxxxxxxx + INVESCO FUNDS (the “Funds”) SPECIAL JOINT MEETING OF SHAREHOLDERS TO BE HELD ON MARCH 9, 2017 PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES (the “Board”) The undersigned hereby appoints Philip A. Taylor, John M. Zerr, Sheri S. Morris, Peter A. Davidson, Christopher B. Fischer, Odeh Stevens, and Amanda M. Roberts, and any one of them separately, proxies with full power of substitution in each, and hereby authorizes them to represent and to vote and act with respect to all interests in each series of the Trust (each, a “Fund”) with respect to which the undersigned is entitled to vote at the Special Joint Meeting of Shareholders to be held at 1555 Peachtree Street, N.E., Atlanta, Georgia 30309 on March 9, 2017, at 10:30 a.m., Eastern Standard Time, and at any adjournment(s), postponement(s) or delay(s) thereof, all of the Shares of the Fund(s) which the undersigned would be entitled to vote if personally present. IF THIS PROXY IS SIGNED AND RETURNED WITH NO CHOICE INDICATED, THE SHARES WILL BE VOTED “FOR” ALL THE PROPOSALS AT THE DISCRETION OF THE PROXIES. PROXIES ARE AUTHORIZED TO VOTE, IN THEIR DISCRETION, UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING AND IN ACCORDANCE WITH THE VOTING STANDARDS SET FORTH IN THE PROXY STATEMENT WITH RESPECT TO ANY ADJOURNMENT OR POSTPONEMENT OF THE MEETING. NOTE: If you vote by telephone or on the Internet, please do NOT return your proxy card. IMPORTANT NOTICE REGARDING THE AVAILABLITY OF PROXY MATERIALS for the Special Joint Meeting of Shareholders on March 9, 2017. The Proxy Statement for this meeting is available at: https://www.proxy-direct.com/inv-28383 VOTE ON THE INTERNET Log on to: www.proxy-direct.com or scan the QR code Follow the on-screen instructions available 24 hours VOTE BY PHONE Call 1-800-337-3503 Follow the recorded instructions available 24 hours FUNDS FUNDS FUNDS Invesco Short Term Bond Fund Invesco Small Cap Growth Fund Invesco Summit Fund Invesco Technology Sector Fund Invesco World Bond Fund Invesco Small Cap Discovery Fund Invesco Small Cap Value Fund Invesco Tax-Exempt Cash Fund Invesco U.S. Government Fund Government & Agency Portfolio Invesco Small Cap Equity Fund Invesco Strategic Real Return Fund Invesco Technology Fund Invesco Value Opportunities Fund DO NOT TEAR INV_28383_122016_BK1 THIS PROXY IS SOLICITED BY THE BOARD OF TRUSTEES. The Board of Trustees recommends that you vote FOR the following Proposal(s): TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS Example: + X A Proposals 1. To elect 15 trustees to each Board, each of whom will serve until his or her successor is elected and qualified. To withhold authority to vote for any individual nominee(s) mark the box “FOR ALL EXCEPT” and write the nominee number(s) on the line provided. 01. 05. 09. 13. David C. Arch Martin L. Flanagan Teresa M. Ressel Philip A. Taylor 02. 06. 10. 14. James T. Bunch Cynthia Hostetler Dr. Larry Soll Robert C. Troccoli FOR ALL 01 Invesco Short Term Bond Fund 03 Invesco Small Cap Equity Fund 05 Invesco Small Cap Value Fund 07 Invesco Summit Fund 09 Invesco Technology Fund 11 Invesco U.S. Government Fund 13 Invesco World Bond Fund 03. 07. 11. 15. Bruce L. Crockett Dr. Eli Jones Ann Barnett Stern Christopher L. Wilson 04. Jack M. Fields 08. Dr. Prema Mathai-Davis 12. Raymond Stickel, Jr. WITHHOLD FOR ALL ALL EXCEPT FOR ALL 02 Invesco Small Cap Discovery Fund 04 Invesco Small Cap Growth Fund 06 Invesco Strategic Real Return Fund 08 Invesco Tax-Exempt Cash Fund 10 Invesco Technology Sector Fund 12 Invesco Value Opportunities Fund 14 Government & Agency Portfolio WITHHOLD FOR ALL ALL EXCEPT 2. To approve an amendment to each Trust’s Agreement and Declaration of Trust that would permit fund mergers and other significant transactions upon the Board’s approval but without shareholder approval of such transactions. FOR AGAINST ABSTAIN 01 Invesco Short Term Bond Fund 03 Invesco Small Cap Equity Fund 05 Invesco Small Cap Value Fund 07 Invesco Summit Fund 09 Invesco Technology Fund 11 Invesco U.S. Government Fund 13 Invesco World Bond Fund 3. FOR AGAINST ABSTAIN FOR AGAINST ABSTAIN 02 Invesco Small Cap Discovery Fund 04 Invesco Small Cap Growth Fund 06 Invesco Strategic Real Return Fund 08 Invesco Tax-Exempt Cash Fund 10 Invesco Technology Sector Fund 12 Invesco Value Opportunities Fund 14 Government & Agency Portfolio To approve changing the fundamental investment restriction regarding the purchase or sale of physical commodities. FOR AGAINST ABSTAIN 01 Invesco Short Term Bond Fund 03 Invesco Small Cap Equity Fund 05 Invesco Small Cap Value Fund 07 Invesco Summit Fund 09 Invesco Technology Fund 11 Invesco U.S. Government Fund 13 Invesco World Bond Fund 02 Invesco Small Cap Discovery Fund 04 Invesco Small Cap Growth Fund 06 Invesco Strategic Real Return Fund 08 Invesco Tax-Exempt Cash Fund 10 Invesco Technology Sector Fund 12 Invesco Value Opportunities Fund 14 Government & Agency Portfolio 4. To approve an amendment to certain Funds’ current Master Intergroup Sub-Advisory Contract to add new sub-advisers as follows: 4A. To approve an amendment to the current Master Intergroup Sub-Advisory Contract to add Invesco PowerShares Capital Management LLC. FOR AGAINST ABSTAIN 01 Invesco Short Term Bond Fund 03 Invesco Small Cap Equity Fund 05 Invesco Small Cap Value Fund 07 Invesco Tax-Exempt Cash Fund 09 Invesco Technology Sector Fund 11 Invesco Value Opportunities Fund 13 Government & Agency Portfolio FOR AGAINST ABSTAIN 02 Invesco Small Cap Discovery Fund 04 Invesco Small Cap Growth Fund 06 Invesco Summit Fund 08 Invesco Technology Fund 10 Invesco U.S. Government Fund 12 Invesco World Bond Fund 4B. To approve an amendment to the current Master Intergroup Sub-Advisory Contract to add Invesco Asset Management (India) Private Limited. FOR AGAINST ABSTAIN 01 Invesco Short Term Bond Fund 03 Invesco Small Cap Equity Fund 05 Invesco Small Cap Value Fund 07 Invesco Summit Fund 09 Invesco Technology Fund 11 Invesco U.S. Government Fund 13 Invesco World Bond Fund FOR AGAINST ABSTAIN 02 Invesco Small Cap Discovery Fund 04 Invesco Small Cap Growth Fund 06 Invesco Strategic Real Return Fund 08 Invesco Tax-Exempt Cash Fund 10 Invesco Technology Sector Fund 12 Invesco Value Opportunities Fund 14 Government & Agency Portfolio 5. To approve changing the sub-classification from “diversified” to “non-diversified” as follows: 5A. To approve changing the Fund’s sub-classification from “diversified” to “non-diversified” and approve the elimination of a related fundamental investment restriction. FOR AGAINST ABSTAIN Not Applicable 5B. To approve changing the Fund’s sub-classification from “diversified” to “non-diversified” and approve the elimination of a related fundamental investment restriction. FOR AGAINST ABSTAIN Invesco World Bond Fund B Authorized Signatures ─ This section must be completed for your vote to be counted.─ Sign and Date Below Date (mm/dd/yyyy) ─ Please print date below / Signature 2 ─ Please keep signature within the box Signature 1 ─ Please keep signature within the box / 608999900109999999999 xxxxxxxxxxxxxx INV 28383 M xxxxxxxx + INVESCO FUNDS (the “Funds”) SPECIAL JOINT MEETING OF SHAREHOLDERS TO BE HELD ON MARCH 9, 2017 PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES (the “Board”) The undersigned hereby appoints Philip A. Taylor, John M. Zerr, Sheri S. Morris, Peter A. Davidson, Christopher B. Fischer, Odeh Stevens, and Amanda M. Roberts, and any one of them separately, proxies with full power of substitution in each, and hereby authorizes them to represent and to vote and act with respect to all interests in each series of the Trust (each, a “Fund”) with respect to which the undersigned is entitled to vote at the Special Joint Meeting of Shareholders to be held at 1555 Peachtree Street, N.E., Atlanta, Georgia 30309 on March 9, 2017, at 10:30 a.m., Eastern Standard Time, and at any adjournment(s), postponement(s) or delay(s) thereof, all of the Shares of the Fund(s) which the undersigned would be entitled to vote if personally present. IF THIS PROXY IS SIGNED AND RETURNED WITH NO CHOICE INDICATED, THE SHARES WILL BE VOTED “FOR” ALL THE PROPOSALS AT THE DISCRETION OF THE PROXIES. PROXIES ARE AUTHORIZED TO VOTE, IN THEIR DISCRETION, UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING AND IN ACCORDANCE WITH THE VOTING STANDARDS SET FORTH IN THE PROXY STATEMENT WITH RESPECT TO ANY ADJOURNMENT OR POSTPONEMENT OF THE MEETING. NOTE: If you vote by telephone or on the Internet, please do NOT return your proxy card. IMPORTANT NOTICE REGARDING THE AVAILABLITY OF PROXY MATERIALS for the Special Joint Meeting of Shareholders on March 9, 2017. The Proxy Statement for this meeting is available at: https://www.proxy-direct.com/inv-28383 VOTE ON THE INTERNET Log on to: www.proxy-direct.com or scan the QR code Follow the on-screen instructions available 24 hours VOTE BY PHONE Call 1-800-337-3503 Follow the recorded instructions available 24 hours FUNDS FUNDS FUNDS Liquid Assets Portfolio Premier U.S. Government Money Portfolio Treasury Obligations Portfolio Premier Portfolio STIC Prime Portfolio Treasury Portfolio Premier Tax-Exempt Portfolio Tax-Free Cash Reserve Portfolio DO NOT TEAR INV_28383_122016_BK1 THIS PROXY IS SOLICITED BY THE BOARD OF TRUSTEES. The Board of Trustees recommends that you vote FOR the following Proposal(s): TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS Example: + X A Proposals 1. To elect 15 trustees to each Board, each of whom will serve until his or her successor is elected and qualified. To withhold authority to vote for any individual nominee(s) mark the box “FOR ALL EXCEPT” and write the nominee number(s) on the line provided. 01. 05. 09. 13. David C. Arch Martin L. Flanagan Teresa M. Ressel Philip A. Taylor 02. 06. 10. 14. James T. Bunch Cynthia Hostetler Dr. Larry Soll Robert C. Troccoli FOR ALL 01 Liquid Assets Portfolio 03 Premier Tax-Exempt Portfolio 05 STIC Prime Portfolio 07 Treasury Obligations Portfolio 03. 07. 11. 15. Bruce L. Crockett Dr. Eli Jones Ann Barnett Stern Christopher L. Wilson 04. Jack M. Fields 08. Dr. Prema Mathai-Davis 12. Raymond Stickel, Jr. WITHHOLD FOR ALL ALL EXCEPT FOR ALL 02 Premier Portfolio 04 Premier U.S. Government Money Portfolio 06 Tax-Free Cash Reserve Portfolio 08 Treasury Portfolio WITHHOLD FOR ALL ALL EXCEPT 2. To approve an amendment to each Trust’s Agreement and Declaration of Trust that would permit fund mergers and other significant transactions upon the Board’s approval but without shareholder approval of such transactions. FOR AGAINST ABSTAIN 01 Liquid Assets Portfolio 03 Premier Tax-Exempt Portfolio 05 STIC Prime Portfolio 07 Treasury Obligations Portfolio 3. FOR AGAINST ABSTAIN FOR AGAINST ABSTAIN 02 Premier Portfolio 04 Premier U.S. Government Money Portfolio 06 Tax-Free Cash Reserve Portfolio 08 Treasury Portfolio To approve changing the fundamental investment restriction regarding the purchase or sale of physical commodities. FOR AGAINST ABSTAIN 01 Liquid Assets Portfolio 03 Premier Tax-Exempt Portfolio 05 STIC Prime Portfolio 07 Treasury Obligations Portfolio 02 Premier Portfolio 04 Premier U.S. Government Money Portfolio 06 Tax-Free Cash Reserve Portfolio 08 Treasury Portfolio 4. To approve an amendment to certain Funds’ current Master Intergroup Sub-Advisory Contract to add new sub-advisers as follows: 4A. To approve an amendment to the current Master Intergroup Sub-Advisory Contract to add Invesco PowerShares Capital Management LLC. FOR AGAINST ABSTAIN 01 Liquid Assets Portfolio 03 Premier Tax-Exempt Portfolio 05 Tax-Free Cash Reserve Portfolio 07 Treasury Portfolio FOR AGAINST ABSTAIN 02 Premier Portfolio 04 STIC Prime Portfolio 06 Treasury Obligations Portfolio 4B. To approve an amendment to the current Master Intergroup Sub-Advisory Contract to add Invesco Asset Management (India) Private Limited. FOR AGAINST ABSTAIN 01 Liquid Assets Portfolio 03 Premier Tax-Exempt Portfolio 05 Tax-Free Cash Reserve Portfolio 07 Treasury Portfolio FOR AGAINST ABSTAIN 02 Premier Portfolio 04 STIC Prime Portfolio 06 Treasury Obligations Portfolio 5. To approve changing the sub-classification from “diversified” to “non-diversified” as follows: 5A. To approve changing the Fund’s sub-classification from “diversified” to “non-diversified” and approve the elimination of a related fundamental investment restriction. FOR AGAINST ABSTAIN Not Applicable 5B. To approve changing the Fund’s sub-classification from “diversified” to “non-diversified” and approve the elimination of a related fundamental investment restriction. FOR AGAINST ABSTAIN Not Applicable B Authorized Signatures ─ This section must be completed for your vote to be counted.─ Sign and Date Below Date (mm/dd/yyyy) ─ Please print date below / Signature 2 ─ Please keep signature within the box Signature 1 ─ Please keep signature within the box / 608999900109999999999 xxxxxxxxxxxxxx INV 28383 M xxxxxxxx +
© Copyright 2025 Paperzz