Historical Asset Class Returns (PDF) - Invesco

1 Historical Asset Class Returns The following tables demonstrate the challenges investors face when attempting to predict the next top-performing Asset Class . Given the volatility in today s market, no one can know which one will be this year s success story. However, investors may reduce downside risk and increase upside potential by investing in a diversified group of Asset classes based on individual risk tolerance and financial Income Asset Class Bond PerformersCorporate Senior Loan Lipper Loan Participation Category Average Short-Term Treasury Barclays 1-3 Year Government/Credit Index High Yield Barclays Corporate High Yield Index Mortgage Barclays MBS Fixed Rate Index Corporate Bond Barclays Corporate Investment Grade Index Government Bond Barclays Government Index Municipal Bond Barclays Municipal Bond Index International Bond Barclays Global Aggregate Index Equity S&P 500 IndexSource.

2 Lipper table depicts annual Returns for eight Fixed Income Asset classes and one equity benchmark 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 . This chart is for illustrative purposes and does not reflect the performance of any Invesco Asset Class PerformersLarge-Cap Value Value Value Growth Growth Value Growth Growth Large-Cap Growth Russell 1000 Growth Index Large-Cap Value Russell 1000 Value Index Mid Caps Russell Midcap Index Small Caps Russell 2000 Index International Equity MSCI EAFE Index Real Estate FTSE NAREIT All Equity Index Commodities S&P GSCI Index Fixed Income Barclays Aggregate IndexSources.

3 Invesco , Lipper Asset Class PerformersLarge-Cap Value Value Value Growth Growth Value Growth Growth Large-Cap Growth Russell 1000 Growth Index Large-Cap Value Russell 1000 Value Index Mid Caps Russell Midcap Index Small Caps Russell 2000 Index International Equity MSCI EAFE Index Real Estate FTSE NAREIT All Equity Index Commodities S&P GSCI Index Fixed Income Barclays Aggregate IndexSources: Invesco , Lipper riskPrices of equity securities change in response to many factors, including the Historical and prospective earnings of the issuer, the value of its assets, general economic conditions, interest rates, investor perceptions and market liquidity. Fixed Income investments have interest rate risk, which refers to the risk that bond prices generally fall as interest rates rise and vice versa.

4 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. Investing in smaller companies involves risks not associated with investing in more established companies, such as business risk, stock price fluctuations and illiquidity. Investments in narrow sectors such as real estate or commodities my be subject to more volatility than more diversified table depicts annual Returns for seven equity Asset classes and one FixedIncome benchmark over the past 20 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 . This chart is for illustrative purposes and does not reflect the performance of any Invesco Advisers, Inc.

5 Is an investment advisor; it provides investment advisory services to individual and institutional clients and does not sell securities. Invesco Distributors, Inc. is the distributor for Invesco Ltd. s retail products. Both are indirect, wholly owned subsidiaries of Invesco performance cannot guarantee future allocation/diversification does not guarantee a profit or eliminate the risk of Russell 1000 Growth Index is an unmanaged index considered representative of large-cap growth stocks. The Russell 1000 Value Index is an unman-aged index considered representative of large-cap value stocks. The Russell Midcap Index is an unmanaged index considered representative of mid-cap stocks. The Russell 2000 Index is an unmanaged index considered representative of small-cap stocks. The MSCI EAFE Index is an unmanaged index considered representative of stocks of Europe, Australasia and the Far East.

6 The FTSE NAREIT All Equity REITs Index is an unmanaged index considered representative of REITs. The S&P 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 Barclays Aggregate Index is an unmanaged index considered representative of the investment-grade, fixed-rate bond market. The Barclays 1 3 Year Government/Credit Index is an unmanaged index considered representative of short-term corporate and government bonds with maturities from one to three years. The Barclays Corporate High Yield Index is an unmanaged index that covers the universe of fixed-rate, noninvest-ment-grade debt. The Barclays MBS Fixed Rate Index is an unmanaged index comprising 15- and 30-year fixed-rate securities backed by mortgage pools of Ginnie Mae, Freddie Mac and Fannie Mae.

7 The Barclays Corporate Investment Grade Index is an unmanaged index considered representative of fixed-rate, investment-grade taxable bond debt. The Barclays Government Index is an unmanaged index considered representative of Fixed Income obligations issued by the Treasury, government agencies and quasi-federal corporations. The Barclays Municipal Bond Index is an unmanaged index considered representative of the tax-exempt bond market. The Barclays Global Aggregate Index is an unmanaged index considered representative of bonds of foreign countries. The S&P 500 Index is an unmanaged index considered representative of the stock market. The Lipper Loan Participation Category Average Index is an unmanaged index considered representative of an average of all of the funds in the Lipper Loan Participation Funds category. The Russell 1000 Growth Index, Russell 1000 Value Index, Russell Midcap Index and Russell 2000 Index are trademarks/service marks of the Frank Russell Co.

8 Russell is a trademark of the Frank Russell Co. Index performance reflects reinvestment of dividends but does not reflect any fees, expenses, or sales charges. An investment cannot be made directly in an 02/15 Invesco Distributors, Inc. Invesco Advisers, Inc. US2151 Explore Intentional Investing with Invesco At Invesco , all of our people and all of our resources are dedicated to helping investors achieve their financial objectives. It s a philosophy of investment excellence we call Intentional Investing , and it 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 choicesWe manage investment strategies across all major Asset classes and deliver them through a variety of vehicles.

9 Our wide range of choices allows you to create a portfolio that s purpose-built for your needs. Connect with our clientsWe 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.