Invesco Energy Fund NCSR/A Certified annual shareholder report (management investment company) (amended)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-03826

AIM Sector Funds (Invesco Sector Funds)

(Exact name of registrant as specified in charter)

11 Greenway Plaza, Suite 1000 Houston, Texas 77046

(Address of principal executive offices) (Zip code)

Sheri Morris 11 Greenway Plaza, Suite 1000 Houston, Texas 77046

(Name and address of agent for service)

Registrant’s telephone number, including area code: (713) 626-1919

Date of fiscal year end: 04/30

Date of reporting period: 04/30/20

The Registrant is filing this amendment to its Form N-CSR for the period ended April 30, 2020, originally filed with the Securities and Exchange Commission on July 8, 2020 (Accession No. 0001193125-20-189360). The sole purpose of this amendment is to include the proxy voting results for Invesco Gold & Precious Metals Fund. Except for such change, this amendment does not amend, update or change any other items or disclosures found in the original Form N-CSR filing nor does it reflect events occurring after the filing of the original Form N-CSR.

Items 1 (amended further herein) through 13(a)(1), and Item 13(a)(4) to this Form N-CSR are incorporated by reference to the Form N-CSR filed with the Securities and Exchange Commission on July 8, 2020 (Accession No. 0001193125-20-189360).

Item 1.

Reports to Stockholders.



		Annual Report to Shareholders		April 30, 2020

		Invesco Gold & Precious Metals Fund
		Nasdaq:
		A: IGDAX ∎ C: IGDCX ∎ Y: IGDYX ∎ Investor: FGLDX ∎ R6: IGDSX

LOGO

Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the Fund’s shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from the Fund or from your financial intermediary, such as a broker-dealer or bank. Instead, the reports will be made available on the Fund’s website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from the Fund electronically by contacting your financial intermediary (such as a broker-dealer or bank) or, if you are a direct investor, by enrolling at invesco.com/edelivery.

You may elect to receive all future reports in paper free of charge. If you invest through a financial intermediary, you can contact your financial intermediary to request that you continue to receive paper copies of your shareholder reports. If you invest directly with the Fund, you can call (800) 959-4246 to let the Fund know you wish to continue receiving paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held with your financial intermediary or all funds held with the fund complex if you invest directly with the Fund.


2		Letters to Shareholders
4		Management’s Discussion
4		Performance Summary
6		Long-Term Fund Performance
8		Supplemental Information
8		Liquidity Risk Management Program
9		Fund Information
10		Schedule of Investments
12		Financial Statements
15		Financial Highlights
16		Notes to Financial Statements
22		Report of Independent Registered Public Accounting Firm
23		Fund Expenses
T-1		Trustees and Officers
T-8		Proxy Results

Letters to Shareholders


Andrew Schlossberg		Dear Shareholders:
		This annual report includes information about your Fund, including performance data and a complete list of its investments as of the close of the reporting period. Inside is a discussion of how your Fund was managed and the factors that affected its performance during the reporting period.
		Global equities and fixed-income securities faced a tumultuous environment during the reporting period. This was particularly true in the later stages of the period as a pandemic gripped the world and unsettled markets. At the onset of the reporting period, global equity markets were buoyed by a more accommodative stance from central banks. Despite US-China trade concerns and signs of slowing global growth, which led to some market volatility along the way, the second and third quarters of 2019 were relatively calm. In the final months of 2019, better-than-expected third quarter corporate earnings and initial agreement of the phase one US-China trade deal provided a favorable backdrop for equities and impressive fourth quarter global equity returns.
The first quarter of 2020 proved to be a wild roller-coaster ride as the year began with US investors treated to equity gains culminating in record highs on February 19, 2020. The first half of the quarter, however, belied the impact the coronavirus (COVID-19) would have on markets in a world faced with shuttered businesses and global lockdowns. Equity markets began to sell off in late February and plummeted in March. The speed and depth of market declines and reversals during the month made March 2020 one of the most volatile months on record. While equities languished, government bonds largely performed as expected as central banks cut interest rates, which lowered bond yields but sent bond prices soaring. Like equities, however, corporate bond prices fell due to the impact of diminished corporate profits. Commodity prices, sans gold, largely declined during the first quarter. Oil prices suffered steep declines losing more than half their value in March amid a demand slump due to both COVID-19 and a supply glut from the Russia-Saudi Arabi oil-price war.
In response to the financial and economic hardships caused by the pandemic, central banks and governments around the world responded with fiscal and monetary stimulus. The US Federal Reserve cut interest rates to near zero (0.00-0.25%) and announced an unprecedented quantitative easing program. The US administration also passed a $2.2 trillion economic-relief package – the largest in US history. Most major economies outside of the US provided liquidity in the bond and equity markets in the form of fiscal policy and quantitative easing.
Massive global fiscal and monetary responses prompted a significant market rebound in April, with the S&P 500 Index recording one of its best monthly performances ever, despite macroeconomic data that illustrated the enormous economic cost of the shutdowns – more than 30 million US workers have lost their jobs and the US economy contracted at a 5.0% annualized rate (second estimate) for the first quarter of 2020. The final month of the reporting period also proved less volatile than March as markets attempted to normalize. As markets and investors attempt to adapt to a new normal, we’ll see how the interplay of interest rates, economic data, geopolitics and a host of other factors affect US and overseas equity and fixed income markets.
Investor uncertainty and market volatility, such as we witnessed during the reporting period, are unfortunate facts of life when it comes to investing. That’s why Invesco encourages investors to work with a professional financial adviser who can stress the importance of starting to save and invest early and the importance of adhering to a disciplined investment plan. A financial adviser who knows your unique financial situation, investment goals and risk tolerance can be an invaluable partner as you seek to achieve your financial goals. Financial advisers can also offer a long-term perspective when markets are volatile and time-tested advice and guidance when your financial situation or investment goals change.

Visit our website for more information on your investments
Our website, invesco.com/us, offers a wide range of market insights and investment perspectives. On the website, you’ll find detailed information about our funds, including performance, holdings and portfolio manager commentaries. You can access information about your account by completing a simple, secure online registration. To do so, select “Log In” on the right side of the homepage, and then select “Register for Individual Account Access.”
In addition to the resources accessible on our website and through our mobile app, you can obtain timely updates to help you stay informed about the markets and the economy by connecting with Invesco on Twitter, LinkedIn or Facebook. You can access our blog at blog.invesco.us.com. Our goal is to provide you the information you want, when and where you want it.
Finally, I’m pleased to share with you Invesco’s commitment to both the Principles for Responsible Investment and to considering environmental, social and governance issues in our robust investment process. I invite you to learn more at invesco.com/esg.

Have questions?
For questions about your account, contact an Invesco client services representative at 800 959 4246.
All of us at Invesco look forward to serving your investment management needs. Thank you for investing with us.

Sincerely,

LOGO

Andrew Schlossberg

Head of the Americas,

Senior Managing Director, Invesco Ltd.

2 Invesco Gold & Precious Metals Fund


Bruce Crockett		Dear Shareholders:
		Among the many important lessons I’ve learned in more than 40 years in a variety of business endeavors is the value of a trusted advocate.
		As independent chair of the Invesco Funds Board, I can assure you that the members of the Board are strong advocates for the interests of investors in Invesco’s mutual funds. We work hard to represent your interests through oversight of the quality of the investment management services your funds receive and other matters important to your investment, including but not limited to:
		^∎ Ensuring that Invesco offers a diverse lineup of mutual funds that your financial adviser can use to strive to meet your financial needs as your investment goals change over time.
		^∎ Monitoring how the portfolio management teams of the Invesco funds are performing in light of changing economic and market conditions.
		^∎ Assessing each portfolio management team’s investment performance within the context of the investment strategy described in the fund’s prospectus.

^∎

Monitoring for potential conflicts of interests that may impact the nature of the services that your funds receive.

We believe one of the most important services we provide our fund shareholders is the annual review of the funds’ advisory and sub-advisory contracts with Invesco Advisers and its affiliates. This review is required by the Investment Company Act of 1940 and focuses on the nature and quality of the services Invesco provides as the adviser to the Invesco funds and the reasonableness of the fees that it charges for those services. Each year, we spend months carefully reviewing information received from Invesco and a variety of independent sources, such as performance and fee data prepared by Lipper, Inc. (a subsidiary of Broadridge Financial Solutions, Inc.), an independent, third-party firm widely recognized as a leader in its field. We also meet with our independent legal counsel and other independent advisers to review and help us assess the information that we have received. Our goal is to assure that you receive quality investment management services for a reasonable fee.

I trust the measures outlined above provide assurance that you have a worthy advocate when it comes to choosing the Invesco Funds.

On behalf of the Board, we look forward to continuing to represent your interests and serving your needs.

Sincerely,

LOGO

Bruce L. Crockett

Independent Chair

Invesco Funds Board of Trustees

3 Invesco Gold & Precious Metals Fund

Management’s Discussion of Fund Performance

Performance summary

For the fiscal year ended April 30, 2020, Class A shares of Invesco Gold & Precious Metals Fund (the Fund), at net asset value (NAV), underperformed the Philadelphia Gold & Silver Index (price only), the Fund’s style-specific benchmark.

Your Fund’s long-term performance appears later in this report.

Fund vs. Indexes

Total returns, April 30, 2019 to April 30, 2020, at net asset value (NAV). Performance shown does not include applicable contingent deferred sales charges (CDSC) or front-end sales charges, which would have reduced performance.


Class A Shares	40.84	%
Class C Shares	39.76
Class Y Shares	41.35
Investor Class Shares	40.90
Class R6 Shares	41.81
S&P 500 Index^▼(Broad Market Index)	0.86
Philadelphia Gold & Silver Index (price only)^∎(Style-Specific Index)	59.75
Lipper Precious Metals Equity Funds Index^◆(Peer Group Index)	51.67
Source(s): ^▼RIMES Technologies Corp.; ^∎FactSet Research Systems Inc.; ^◆Lipper Inc.

Market conditions and your Fund

Global equity markets faced volatility in the second and third quarters of 2019, hampered by ongoing US and China trade issues, potential for new tariffs and weakening global economic growth. Disagreement within the UK regarding its withdrawal from the European Union increased uncertainty for the UK and eurozone economies.

Much of 2019 showed slowing manufacturing activity and declining business investment, which was evidence that trade tensions were stifling economic growth across both developed and emerging markets. Global recession concerns caused a sharp equity sell-off in August 2019, as investors crowded into asset classes perceived as safe havens, including US Treasuries and gold.

Third quarter macroeconomic and geopolitical issues mostly abated during the fourth quarter, providing a favorable backdrop for global equity returns. In response to third quarter economic weakness, central banks maintained accommodative policies, with the US Federal Reserve cutting interest rates in October 2019 and the European Central Bank restarting net purchases in its asset purchase program in November. Better economic data and signs of progress in US and China trade talks also supported global equities. The UK’s general election in December delivered a decisive victory to the conservative party, reaffirming the original Brexit vote and the UK’s eventual exit from the European Union.

Global equity markets started 2020 well, buoyed by positive economic data and the phase one signing of the US and China trade deal. However, initial optimism was dampened by the outbreak of the new coronavirus (COVID-19) that swiftly spread from China to other global regions. Global equity markets fell sharply as the human and economic cost of the COVID-19 pandemic mounted. At the same time, oil prices fell sharply as a price

war between Saudi Arabia and Russia threatened to boost supply even as demand was falling. The US bull market came to an abrupt end, while emerging equity markets also fell sharply. As fear of a worldwide recession increased, central banks around the world took aggressive action to support both local markets and the global economy. At the close of the fiscal year, despite the continuing global spread of COVID-19, April saw both equity and credit markets stage a rebound from the severe market shock witnessed in March. In this environment, global equity markets declined for the fiscal year, with developed markets outperforming emerging markets.

During the fiscal year, the Fund’s underperformance relative to the Philadelphia Gold & Silver Index (price only), the Fund’s style-specific benchmark, was driven by a combination of stock selection and market allocation. Specifically, stock selection in and out-of-benchmark exposure to diversified metals and mining equities, as well as stock selection in gold equities, detracted from the Fund’s relative performance. Conversely, the Fund’s underweight exposure to copper equities and lack of exposure to silver equities, areas of relative weakness in the style-specific benchmark, contributed to the Fund’s relative performance.

During the fiscal year, the top individual contributors to the Fund’s performance included Canada-based Barrick Gold and US-based Newmont. Shares of these gold mining companies rose as gold bullion prices increased approximately 32% over the fiscal year.¹

Conversely, Turquoise Hill Resources and Glencore were the largest individual detractors from the Fund’s performance for the fiscal year. Shares of Turquoise Hill Resources declined following a development update for the underground project at its Oyu Tolgoi mine. The company communicated a range of potential delays and cost overruns to the project

schedule and budget. While we were disappointed after a site trip completed in September 2019, we believe the market reaction was excessive and the current share price does not reflect the company’s long-term intrinsic value. Our thesis remained unchanged and we believe significant value remains in the Oyu Tolgoi mine, which is expected to generate strong free cash flow. Further, we believe the company will benefit from the eventual electrification of the global vehicle fleet through its exposure to copper. Shares of Glencore declined after the company reported quarterly losses in February 2020. Glencore’s strong liquidity position and resilient business model makes the company well-positioned to navigate the current macroeconomic challenges.

At the close of the fiscal year, relative to the style-specific benchmark, the Fund had exposure to gold bullion ETFs, the diversified metals and mining industry and the precious metals and minerals mining industry – exposure the Fund’s style-specific benchmark lacked. Conversely, the Fund had underweight exposures to silver and copper mining equities relative to the style-specific benchmark.

At the close of the fiscal year, we maintained a constructive outlook for gold and precious metal prices given the historically low interest rate environment and increased geopolitical risks, though we expect further volatility given uncertainty associated with these factors. Based on our marginal cost analysis, at the close of the fiscal year, we saw more upside potential in gold equities than in gold bullion and the Fund’s weighting in gold bullion ETFs remained fairly low. We are comfortable with the Fund’s exposure to base metals through holdings of copper mining equities and diversified metals and mining equities. We have maintained our discipline of selling stocks when they hit our target price and recycling cash proceeds to find new investments. We continue to focus on what we believe to be top-tier companies with good management teams. This has led us to seek better opportunities among the mid-cap and junior miners compared to their large-cap counterparts.

Thank you for your continued investment in Invesco Gold & Precious Metals Fund.

1 Source: Bloomberg

The views and opinions expressed in management’s discussion of Fund performance are those of Invesco Advisers, Inc. These views and opinions are subject to change at any time based on factors such as market and economic conditions. These views and opinions may not be relied upon as investment advice or recommendations, or as an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but Invesco Advisers, Inc. makes no representation or warranty as to their

4 Invesco Gold & Precious Metals Fund

completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.

See important Fund and, if applicable, index disclosures later in this report.

5 Invesco Gold & Precious Metals Fund

Your Fund’s Long-Term Performance

Results of a $10,000 Investment – Oldest Share Class(es)

Fund and index data from 4/30/10

LOGO

1	Source: RIMES Technologies Corp.

2	Source: Lipper Inc.

3	Source: FactSet Research Systems Inc.

*It is Invesco’s policy to chart the Fund’s oldest share class(es). Because Investor Class shares do not have a sales charge, we also show the oldest

share class with a sales charge, Class C shares.

Past performance cannot guarantee future results.

The data shown in the chart include reinvested distributions, applicable sales charges and Fund expenses including management

fees. Index results include reinvested dividends, but they do not reflect sales charges. Performance of the peer group, if applicable, reflects fund expenses and management fees;

performance of a market index does not. Performance shown in the chart does not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares.

6 Invesco Gold & Precious Metals Fund


Average Annual Total Returns
As of 4/30/20, including maximum applicable sales charges

Class A Shares
Inception (3/28/02)	5.63	%
10 Years	-4.25
5 Years	4.29
1 Year	33.24
Class C Shares
Inception (2/14/00)	6.89	%
10 Years	-4.45
5 Years	4.64
1 Year	38.76
Class Y Shares
Inception (10/3/08)	1.80	%
10 Years	-3.48
5 Years	5.74
1 Year	41.35
Investor Class Shares
Inception (1/19/84)	0.74	%
10 Years	-3.72
5 Years	5.48
1 Year	40.90
Class R6 Shares
10 Years	-3.57	%
5 Years	5.79
1 Year	41.81

Class R6 shares incepted on April 4, 2017. Performance shown prior to that date is that of Class A shares and includes the 12b-1 fees applicable to Class A shares.

The performance data quoted represent past performance and cannot guarantee future results; current performance may be lower or higher. Please visit invesco.com/ performance for the most recent month-end performance. Performance figures reflect reinvested distributions, changes in net asset value and the effect of the maximum sales charge unless otherwise stated. Performance figures do not reflect deduction of taxes a shareholder would pay on Fund distributions or sale of Fund shares. Investment return and principal value will fluctuate so that you may have a gain or loss when you sell shares.

Class A share performance reflects the maximum 5.50% sales charge, and Class C share performance reflects the applicable contingent deferred sales charge (CDSC) for the period involved. The CDSC on Class C shares is 1% for the first year after purchase. Class Y, Investor Class and Class R6 shares do not have a front-end sales charge or a CDSC; therefore, performance is at net asset value.

The performance of the Fund’s share classes will differ primarily due to different sales charge structures and class expenses.

Fund performance reflects any applicable fee waivers and/or expense reimbursements. Had the adviser not waived fees and/or reimbursed expenses currently or in the past, returns would have been lower. See current prospectus for more information.

7 Invesco Gold & Precious Metals Fund

Invesco Gold & Precious Metals Fund’s investment objective is long-term growth of capital.

^∎

Unless otherwise stated, information presented in this report is as of April 30, 2020, and is based on total net assets.

^∎

Unless otherwise noted, all data provided by Invesco.

^∎

To access your Fund’s reports/prospectus, visit invesco.com/fundreports.

About indexes used in this report

^∎

The S&P 500^® Index is an unmanaged index considered representative of the US stock market.

^∎

The Philadelphia Gold & Silver Index (price only) is a capitalization-weighted, price-only index on the Philadelphia Stock Exchange that includes the leading companies involved in mining gold and silver.

^∎

The Lipper Precious Metals Equity Funds Index is an unmanaged index considered representative of precious metals funds tracked by Lipper.

^∎

The Fund is not managed to track the performance of any particular index, including the index(es) described here, and consequently, the performance of the Fund may deviate significantly from the performance of the index(es).

^∎

A direct investment cannot be made in an index. Unless otherwise indicated, index results include reinvested dividends, and they do not reflect sales charges. Performance of the peer group, if applicable, reflects fund expenses; performance of a market index does not.

Liquidity Risk Management Program

The Securities and Exchange Commission has adopted Rule 22e-4 under the Investment Company Act of 1940 (the “Liquidity Rule”) in order to promote effective liquidity risk management throughout the openend investment company industry, thereby reducing the risk that funds will be unable to meet their redemption obligations and mitigating dilution of the interests of fund shareholders. The Fund has adopted and implemented a liquidity risk management program in accordance with the Liquidity Rule (the “Program”). The Program is reasonably designed to assess and manage the Fund’s liquidity risk, which is the risk that the Fund could not meet redemption requests without significant dilution of remaining investors’ interests in the Fund. The Board of Trustees of the Fund (the “Board”) has appointed Invesco Advisers, Inc. (“Invesco”), the Fund’s investment adviser, as the Program’s administrator, and Invesco has delegated oversight of the Program to the Liquidity Risk Management Committee (the “Committee”), which is composed of senior representatives from relevant business groups at Invesco.

As required by the Liquidity Rule, the Program includes policies and procedures

providing for an assessment, no less frequently than annually, of the Fund’s liquidity risk that takes into account, as relevant to the Fund’s liquidity risk: (1) the Fund’s investment strategy and liquidity of portfolio investments during both normal and reasonably foreseeable stressed conditions; (2) short-term and long-term cash flow projections for the Fund during both normal and reasonably foreseeable stressed conditions; and (3) the Fund’s holdings of cash and cash equivalents and any borrowing arrangements. The Liquidity Rule also requires the classification of the Fund’s investments into categories that reflect the assessment of their relative liquidity under current market conditions. The Fund classifies its investments into one of four categories defined in the Liquidity Rule: “Highly Liquid,” “Moderately Liquid,” “Less Liquid” and “Illiquid.” Funds that are not invested primarily in “Highly Liquid Investments” that are assets (cash or investments that are reasonably expected to be convertible into cash within three business days without significantly changing the market value of the investment) are required to establish a “Highly Liquid Investment Minimum” (“HLIM”), which is the minimum percentage of net assets that must be invested in Highly Liquid Investments. Funds with HLIMs have procedures for addressing HLIM shortfalls, including reporting to the Board and the SEC (on a non-public basis) as required by the Program and the Liquidity Rule. In addition, the Fund may not acquire an investment if, immediately after the acquisition, over 15% of the Fund’s net assets would consist of “Illiquid Investments” that are assets (an investment that cannot reasonably be expected to be sold or disposed of in current market conditions in seven calendar days or less without the sale or disposition significantly changing the market value of the investment). The Liquidity Rule and the Program also require reporting to the Board and the SEC (on a non-public basis) if a Fund’s holdings of Illiquid Investments exceed 15% of the Fund’s assets.

At a meeting held on March 30-April 1, 2020, the Committee presented a report to the Board that addressed the operation of the Program and assessed the Program’s adequacy and effectiveness of implementation (the “Report”).

The Report covered the period from December 1, 2018 through December 31, 2019 (the “Program Reporting Period”).

The Report stated, in relevant part, that during the Program Reporting Period:

^∎

The Program, as adopted and implemented, remained reasonably designed to assess and manage the Fund’s liquidity risk and was operated effectively to achieve that goal;

^∎

The Fund’s investment strategy remained appropriate for an open-end fund;

^∎

The Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund;

^∎

The Fund did not breach the 15% limit on Illiquid Investments; and

^∎

The Fund primarily held Highly Liquid Investments and therefore has not adopted an HLIM.

This report must be accompanied or preceded by a currently effective Fund prospectus, which contains more complete information, including sales charges and expenses. Investors should read it carefully before investing.

NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE

8 Invesco Gold & Precious Metals Fund

Fund Information

Portfolio Composition


By industry	% of total net assets

Gold		83.21	%
Diversified Metals & Mining		5.60
Precious Metals & Minerals		3.87
Exchange-Traded Fund		3.82
Copper		1.75
Money Market Funds Plus Other Assets Less Liabilities		1.75

Top 10 Equity Holdings*


		% of total net assets

1.	Newmont Corp.		6.80	%
2.	Barrick Gold Corp.		6.79
3.	Kinross Gold Corp.		6.47
4.	Franco-Nevada Corp.		5.76
5.	Torex Gold Resources, Inc.		5.47
6.	B2Gold Corp.		5.33
7.	Sandstorm Gold Ltd.		5.11
8.	Wheaton Precious Metals Corp.		5.05
9.	Agnico Eagle Mines Ltd.		4.57
10.	Lundin Gold, Inc.		4.38

The Fund’s holdings are subject to change, and there is no assurance that the Fund will continue to hold any particular security.

*	Excluding money market fund holdings, if any.

Data presented here are as of April 30, 2020.

9 Invesco Gold & Precious Metals Fund

Schedule of Investments

April 30, 2020


	Shares		Value
Common Stocks & Other Equity Interests–98.25%
Australia–3.53%
Bellevue Gold Ltd.^(a)		3,204,480	$ 1,178,684
Cardinal Resources Ltd.^(a)		9,329,307	2,312,304
Gold Road Resources Ltd.^(a)		2,621,055	2,657,232
New Century Resources Ltd.^(a)		2,151,184	213,832
Northern Star Resources Ltd.		255,335	2,046,807
			8,408,859

Canada–68.90%
Agnico Eagle Mines Ltd.		185,895	10,908,319
Alamos Gold, Inc., Class A		1,110,335	8,942,028
B2Gold Corp.		2,515,022	12,720,108
Barrick Gold Corp.		629,029	16,178,626
Chesapeake Gold Corp.^(a)		632,320	1,321,923
Franco-Nevada Corp.		103,801	13,733,246
INV Metals, Inc.^(a)		2,621,042	659,050
Ivanhoe Mines Ltd., Class A^(a)		2,596,982	5,447,888
Kinross Gold Corp.^(a)		2,337,631	15,433,621
Kirkland Lake Gold Ltd.		106,966	4,421,728
Lundin Gold, Inc.^(a)		1,401,515	10,441,259
Osisko Mining, Inc.^(a)		1,099,753	2,765,283
Premier Gold Mines Ltd.^(a)		3,350,839	4,164,626
Pretium Resources, Inc.^(a)		876,136	6,690,848
Progress Minerals, Inc. (Acquired 06/26/2018; Cost $1,215,733)^(a)(b)(c)(d)		6,474,020	416,733
Reunion Gold Corp.^(a)		6,496,007	420,016
Roxgold, Inc.^(a)		4,198,093	3,769,975
Rubicon Minerals Corp.^(a)		2,500,956	1,925,736
Sabina Gold & Silver Corp.^(a)		2,666,984	3,755,371
Sandstorm Gold Ltd.^(a)		1,568,662	12,182,360
SEMAFO, Inc.^(a)		836,150	2,102,464
TMAC Resources, Inc.^(a)(b)		775,267	824,308
Torex Gold Resources, Inc.^(a)		915,619	13,030,937
Wheaton Precious Metals Corp.		318,865	12,040,342
			164,296,795

Egypt–1.19%
Centamin PLC		1,475,800	2,840,802


	Shares		Value
Ivory Coast–3.46%
Endeavour Mining Corp.^(a)		459,022	$ 8,264,012

Mexico–2.16%
Fresnillo PLC		573,672	5,146,643

Mongolia–2.24%
Turquoise Hill Resources Ltd.^(a)		10,920,565	5,334,950

Switzerland–0.53%
Glencore PLC^(a)		687,718	1,276,576

United States–14.49%
Boart Longyear Ltd.^(a)		26,944	12,320
Boart Longyear Ltd., Wts., expiring 09/13/2024^(a)		37,293	292
iShares^®Gold Trust-ETF^(a)		564,600	9,095,706
Newmont Corp.		272,727	16,221,802
SPDR ® Gold Trust-ETF^(a)		58,000	9,210,400
			34,540,520

Zambia–1.75%
First Quantum Minerals Ltd.		681,904	4,164,075
Total Common Stocks & Other Equity Interests (Cost $214,075,745)			234,273,232


Money Market Funds–1.92%
Invesco Government & Agency Portfolio, Institutional Class, 0.20%^(d)(e)		1,767,687	1,767,687
Invesco Liquid Assets Portfolio, Institutional Class, 0.60%^(d)(e)		777,782	778,248
Invesco Treasury Portfolio, Institutional Class, 0.10%^(d)(e)		2,020,213	2,020,213
Total Money Market Funds (Cost $4,566,110)			4,566,148

TOTAL INVESTMENTS IN SECURITIES–100.17% (Cost $218,641,855)			238,839,380

OTHER ASSETS LESS LIABILITIES–(0.17)%			(403,784)

NET ASSETS–100.00%			$238,435,596

Investment Abbreviations:


ETF		– Exchange-Traded Fund
SPDR		– Standard & Poor’s Depositary Receipt
Wts.		– Warrants

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

10 Invesco Gold & Precious Metals Fund

Notes to Schedule of Investments:

^(a)	Non-income producing security.

^(b)

Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at April 30, 2020 was $1,241,041, which represented less than 1% of the Fund’s Net Assets.

^(c)	Security valued using significant unobservable inputs (Level 3). See Note 3.

^(d)

Affiliated issuer. The issuer is affiliated by having an investment adviser that is under common control of Invesco Ltd. and/or the Investment Company Act of 1940, as amended (the “1940 Act”), defines “affiliated person” to include an issuer of which a fund holds 5% or more of the outstanding voting securities. The Fund has not owned enough of the outstanding voting securities of the issuer to have control (as defined in the 1940 Act) of that issuer. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the fiscal year ended April 30, 2020.


	Value April 30, 2019		Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation (Depreciation)			Realized Gain		Value April 30, 2020		Dividend Income
Investments in Affiliated Money Market Funds:
Invesco Government & Agency Portfolio, Institutional Class		$ 456,375	$	17,681,269	$	(16,369,957	)		$ -			$ -		$1,767,687	$	16,720
Invesco Liquid Assets Portfolio, Institutional Class		326,126		12,261,831		(11,809,994	)		38			247		778,248		11,685
Invesco Treasury Portfolio, Institutional Class		521,572		20,207,165		(18,708,524	)		-			-		2,020,213		18,569
Investments in Other Affiliates:
Progress Minerals, Inc.		1,208,110		-		-			(791,377	)		-		416,733		-
Total		$2,512,183	$	50,150,265	$	(46,888,475	)		$(791,339	)		$247		$4,982,881	$	46,974

^(e)	The rate shown is the 7-day SEC standardized yield as of April 30, 2020.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

11 Invesco Gold & Precious Metals Fund

Statement of Assets and Liabilities

April 30, 2020


Assets:
Investments in securities, at value (Cost $212,860,012)	$	233,856,499

Investments in affiliates, at value (Cost $5,781,843)		4,982,881

Foreign currencies, at value (Cost $14,643)		14,587

Receivable for:
Fund shares sold		357,791

Dividends		173,505

Investment for trustee deferred compensation and retirement plans		90,365

Other assets		38,970

Total assets		239,514,598


Liabilities:
Payable for:
Fund shares reacquired		422,477

Accrued fees to affiliates		167,770

Accrued trustees’ and officers’ fees and benefits		220

Accrued other operating expenses		389,071

Trustee deferred compensation and retirement plans		99,464

Total liabilities		1,079,002

Net assets applicable to shares outstanding	$	238,435,596


Net assets consist of:
Shares of beneficial interest	$	437,718,007

Distributable earnings (loss)		(199,282,411	)

	$	238,435,596


Net Assets:
Class A	$	122,664,743

Class C	$	19,732,672

Class Y	$	34,203,635

Investor Class	$	61,558,375

Class R6	$	276,171


Shares outstanding, no par value, with an unlimited number of shares authorized:
Class A		26,127,787

Class C		4,248,535

Class Y		7,095,634

Investor Class		13,037,374

Class R6		56,980

Class A:
Net asset value per share	$	4.69

Maximum offering price per share (Net asset value of $4.69 ÷ 94.50%)	$	4.96

Class C:
Net asset value and offering price per share	$	4.64

Class Y:
Net asset value and offering price per share	$	4.82

Investor Class:
Net asset value and offering price per share	$	4.72

Class R6:
Net asset value and offering price per share	$	4.85

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

12 Invesco Gold & Precious Metals Fund

Statement of Operations

For the year ended April 30, 2020



Investment income:
Dividends (net of foreign withholding taxes of $98,776)	$	1,003,400

Dividends from affiliates		46,974

Total investment income		1,050,374


Expenses:
Advisory fees		1,617,461

Administrative services fees		31,765

Custodian fees		18,772

Distribution fees:
Class A		267,657

Class C		168,411

Investor Class		144,936

Transfer agent fees – A, C, Y and Investor		636,740

Transfer agent fees – R6		188

Trustees’ and officers’ fees and benefits		18,817

Registration and filing fees		64,174

Reports to shareholders		35,419

Professional services fees		51,275

Other		300,980

Total expenses		3,356,595

Less: Fees waived and/or expense offset arrangement(s)		(9,782	)

Net expenses		3,346,813

Net investment income (loss)		(2,296,439	)


Realized and unrealized gain (loss) from:
Net realized gain (loss) from:
Investment securities		(946,413	)

Foreign currencies		(11,609	)

		(958,022	)

Change in net unrealized appreciation of:
Investment securities		74,574,251

Foreign currencies		1,071

		74,575,322

Net realized and unrealized gain		73,617,300

Net increase in net assets resulting from operations	$	71,320,861

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

13 Invesco Gold & Precious Metals Fund

Statement of Changes in Net Assets

For the years ended April 30, 2020 and 2019


	2020			2019

Operations:
Net investment income (loss)	$	(2,296,439)		$	(1,741,586)

Net realized gain (loss)		(958,022	)		(11,112,617	)

Change in net unrealized appreciation (depreciation)		74,575,322			(14,843,386	)

Net increase (decrease) in net assets resulting from operations		71,320,861			(27,697,589	)


Share transactions–net:
Class A		(4,417,165	)		(9,719,980	)

Class C		(177,085	)		(7,585,965	)

Class Y		(6,469,748	)		(3,145,358	)

Investor Class		(8,576,398	)		(8,693,917	)

Class R6		81,368			(388,489	)

Net increase (decrease) in net assets resulting from share transactions		(19,559,028	)		(29,533,709	)

Net increase (decrease) in net assets		51,761,833			(57,231,298	)


Net assets:
Beginning of year		186,673,763			243,905,061

End of year	$	238,435,596		$	186,673,763

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

14 Invesco Gold & Precious Metals Fund

Financial Highlights

The following schedule presents financial highlights for a share of the Fund outstanding throughout the periods indicated.


	Net asset value, beginning of period		Net investment income (loss)^(a)			Net gains (losses) on securities (both realized and unrealized)			Total from investment operations			Dividends from net investment income			Net asset value, end of period		Total return ^(b)			Net assets, end of period (000’s omitted)		Ratio of expenses to average net assets with fee waivers and/or expenses absorbed			Ratio of expenses to average net assets without fee waivers and/or expenses absorbed			Ratio of net investment income (loss) to average net assets			Portfolio turnover ^(c)
Class A
Year ended 04/30/20		$3.33		$(0.04	)		$1.40			$1.36			$ –			$4.69		40.84	%		$122,665		1.54	%^(d)		1.54	%^(d)		(1.05	)%^(d)		16	%
Year ended 04/30/19		3.78		(0.03	)		(0.42	)		(0.45	)		–			3.33		(11.90	)		91,266		1.47			1.47			(0.82	)		16
Year ended 04/30/18		4.16		(0.04	)		(0.27	)		(0.31	)		(0.07	)		3.78		(7.55	)		113,737		1.43			1.43			(1.00	)		20
Year ended 04/30/17		5.05		(0.05	)		(0.46	)		(0.51	)		(0.38	)		4.16		(9.90	)		145,269		1.41			1.42			(1.00	)		28
Year ended 04/30/16		4.00		(0.03	)		1.08			1.05			–			5.05		26.25			160,494		1.54			1.54			(0.90	)		23
Class C
Year ended 04/30/20		3.32		(0.07	)		1.39			1.32			–			4.64		39.76			19,733		2.29	^(d)		2.29	^(d)		(1.80	)^(d)		16
Year ended 04/30/19		3.79		(0.05	)		(0.42	)		(0.47	)		–			3.32		(12.40	)		14,345		2.22			2.22			(1.57	)		16
Year ended 04/30/18		4.20		(0.07	)		(0.29	)		(0.36	)		(0.05	)		3.79		(8.51	)		24,859		2.18			2.18			(1.75	)		20
Year ended 04/30/17		5.07		(0.09	)		(0.45	)		(0.54	)		(0.33	)		4.20		(10.53	)		31,563		2.16			2.17			(1.75	)		28
Year ended 04/30/16		4.05		(0.06	)		1.08			1.02			–			5.07		25.19			36,157		2.29			2.29			(1.65	)		23
Class Y
Year ended 04/30/20		3.41		(0.03	)		1.44			1.41			–			4.82		41.35			34,204		1.29	^(d)		1.29	^(d)		(0.80	)^(d)		16
Year ended 04/30/19		3.86		(0.02	)		(0.43	)		(0.45	)		–			3.41		(11.66	)		30,122		1.22			1.22			(0.57	)		16
Year ended 04/30/18		4.24		(0.03	)		(0.28	)		(0.31	)		(0.07	)		3.86		(7.30	)		37,373		1.18			1.18			(0.75	)		20
Year ended 04/30/17		5.15		(0.04	)		(0.47	)		(0.51	)		(0.40	)		4.24		(9.75	)		45,797		1.16			1.17			(0.75	)		28
Year ended 04/30/16		4.07		(0.02	)		1.10			1.08			–			5.15		26.54			42,446		1.29			1.29			(0.65	)		23
Investor Class
Year ended 04/30/20		3.35		(0.04	)		1.41			1.37			–			4.72		40.90			61,558		1.54	^(d)		1.54	^(d)		(1.05	)^(d)		16
Year ended 04/30/19		3.80		(0.03	)		(0.42	)		(0.45	)		–			3.35		(11.84	)		50,815		1.47			1.47			(0.82	)		16
Year ended 04/30/18		4.19		(0.04	)		(0.28	)		(0.32	)		(0.07	)		3.80		(7.73	)		67,393		1.43			1.43			(1.00	)		20
Year ended 04/30/17		5.08		(0.05	)		(0.46	)		(0.51	)		(0.38	)		4.19		(9.84	)		78,703		1.41			1.42			(1.00	)		28
Year ended 04/30/16		4.02		(0.03	)		1.09			1.06			–			5.08		26.37			97,678		1.54			1.54			(0.90	)		23
Class R6
Year ended 04/30/20		3.42		(0.03	)		1.46			1.43			–			4.85		41.81			276		1.09	^(d)		1.09	^(d)		(0.60	)^(d)		16
Year ended 04/30/19		3.86		(0.01	)		(0.43	)		(0.44	)		–			3.42		(11.40	)		126		0.98			0.98			(0.33	)		16
Year ended 04/30/18		4.25		(0.02	)		(0.29	)		(0.31	)		(0.08	)		3.86		(7.45	)		543		0.99			0.99			(0.56	)		20
Year ended 04/30/17^(e)		4.57		(0.00	)		(0.32	)		(0.32	)		–			4.25		(7.00	)		9		0.97	^(f)		0.97	^(f)		(0.56	)^(f)		28

^(a)	Calculated using average shares outstanding.

^(b)

Includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Does not include sales charges and is not annualized for periods less than one year, if applicable.

^(c)	Portfolio turnover is calculated at the fund level and is not annualized for periods less than one year, if applicable.

^(d)	Ratios are based on average daily net assets (000’s omitted) of $107,063, $16,841, $33,590, $57,975 and $193 for Class A, Class C, Class Y, Investor Class and Class R6 shares, respectively.

^(e)	Commencement date of April 4, 2017.

^(f)	Annualized.

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

15 Invesco Gold & Precious Metals Fund

Notes to Financial Statements

April 30, 2020

NOTE 1–Significant Accounting Policies

Invesco Gold & Precious Metals Fund (the “Fund”) is a series portfolio of AIM Sector Funds (Invesco Sector Funds) (the “Trust”). The Trust is a Delaware statutory trust registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end series management investment company authorized to issue an unlimited number of shares of beneficial interest. Information presented in these financial statements pertains only to the Fund. Matters affecting the Fund or each class will be voted on exclusively by the shareholders of the Fund or each class.

The Fund’s investment objective is long-term growth of capital.

The Fund currently consists of five different classes of shares: Class A, Class C, Class Y, Investor Class and Class R6. Class Y and Investor Class shares are available only to certain investors. Class A shares are sold with a front-end sales charge unless certain waiver criteria are met. Under certain circumstances, load waived shares may be subject to contingent deferred sales charges (“CDSC”). Class C shares are sold with a CDSC. Class Y, Investor Class and Class R6 shares are sold at net asset value. Class C shares held for ten years after purchase are eligible for automatic conversion into Class A shares of the same Fund (the “Conversion Feature”). The automatic conversion pursuant to the Conversion Feature will generally occur at the end of the month following the tenth anniversary after a purchase of Class C shares.

The Fund is an investment company and accordingly follows the investment company accounting and reporting guidance in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 946, Financial Services – Investment Companies.

The following is a summary of the significant accounting policies followed by the Fund in the preparation of its financial statements.

A.	Security Valuations – Securities, including restricted securities, are valued according to the following policy.

A security listed or traded on an exchange (except convertible securities) is valued at its last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded, or lacking any sales or official closing price on a particular day, the security may be valued at the closing bid price on that day. Securities traded in the over-the-counter market are valued based on prices furnished by independent pricing services or market makers. When such securities are valued by an independent pricing service they may be considered fair valued. Futures contracts are valued at the final settlement price set by an exchange on which they are principally traded. Listed options are valued at the mean between the last bid and asked prices from the exchange on which they are principally traded. Options not listed on an exchange are valued by an independent source at the mean between the last bid and asked prices. For purposes of determining net asset value (“NAV”) per share, futures and option contracts generally are valued 15 minutes after the close of the customary trading session of the New York Stock Exchange (“NYSE”).

Investments in open-end and closed-end registered investment companies that do not trade on an exchange are valued at the end-of-day net asset value per share. Investments in open-end and closed-end registered investment companies that trade on an exchange are valued at the last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded.

Debt obligations (including convertible securities) and unlisted equities are fair valued using an evaluated quote provided by an independent pricing service. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices, and may reflect appropriate factors such as institution-size trading in similar groups of securities, developments related to specific securities, dividend rate (for unlisted equities), yield (for debt obligations), quality, type of issue, coupon rate (for debt obligations), maturity (for debt obligations), individual trading characteristics and other market data. Pricing services generally value debt obligations assuming orderly transactions of institutional round lot size, but a fund may hold or transact in the same securities in smaller, odd lot sizes. Odd lots often trade at lower prices than institutional round lots. Debt obligations are subject to interest rate and credit risks. In addition, all debt obligations involve some risk of default with respect to interest and/or principal payments.

Foreign securities’ (including foreign exchange contracts) prices are converted into U.S. dollar amounts using the applicable exchange rates as of the close of the NYSE. If market quotations are available and reliable for foreign exchange-traded equity securities, the securities will be valued at the market quotations. Because trading hours for certain foreign securities end before the close of the NYSE, closing market quotations may become unreliable. If between the time trading ends on a particular security and the close of the customary trading session on the NYSE, events occur that the investment adviser determines are significant and make the closing price unreliable, the Fund may fair value the security. If the event is likely to have affected the closing price of the security, the security will be valued at fair value in good faith using procedures approved by the Board of Trustees. Adjustments to closing prices to reflect fair value may also be based on a screening process of an independent pricing service to indicate the degree of certainty, based on historical data, that the closing price in the principal market where a foreign security trades is not the current value as of the close of the NYSE. Foreign securities’ prices meeting the approved degree of certainty that the price is not reflective of current value will be priced at the indication of fair value from the independent pricing service. Multiple factors may be considered by the independent pricing service in determining adjustments to reflect fair value and may include information relating to sector indices, American Depositary Receipts and domestic and foreign index futures. Foreign securities may have additional risks including exchange rate changes, potential for sharply devalued currencies and high inflation, political and economic upheaval, the relative lack of issuer information, relatively low market liquidity and the potential lack of strict financial and accounting controls and standards.

Securities for which market prices are not provided by any of the above methods may be valued based upon quotes furnished by independent sources. The last bid price may be used to value equity securities. The mean between the last bid and asked prices is used to value debt obligations, including corporate loans.

Securities for which market quotations are not readily available or became unreliable are valued at fair value as determined in good faith by or under the supervision of the Trust’s officers following procedures approved by the Board of Trustees. Issuer specific events, market trends, bid/asked quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security’s fair value.

The Fund may invest in securities that are subject to interest rate risk, meaning the risk that the prices will generally fall as interest rates rise and, conversely, the prices will generally rise as interest rates fall. Specific securities differ in their sensitivity to changes in interest rates depending on their individual characteristics. Changes in interest rates may result in increased market volatility, which may affect the value and/or liquidity of certain Fund investments.

Valuations change in response to many factors including the historical and prospective earnings of the issuer, the value of the issuer’s assets, general market conditions which are not specifically related to the particular issuer, such as real or perceived adverse economic conditions, changes in the general outlook for revenues or corporate earnings, changes in interest or currency rates, regional or global instability, natural or environmental disasters, widespread disease or other public health issues, war, acts of terrorism or adverse investor sentiment generally and market liquidity. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

Securities Transactions and Investment Income – Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income (net of withholding tax, if any) is recorded on an accrual basis from settlement date. Dividend income (net of withholding tax, if any) is recorded on the ex-dividend date.

The Fund may periodically participate in litigation related to Fund investments. As such, the Fund may receive proceeds from litigation settlements. Any proceeds received are included in the Statement of Operations as realized gain (loss) for investments no longer held and as unrealized gain (loss) for investments still held.

Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of net realized and unrealized gain (loss) from investment

16 Invesco Gold & Precious Metals Fund

securities reported in the Statement of Operations and the Statement of Changes in Net Assets and the net realized and unrealized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of the Fund’s net asset value and, accordingly, they reduce the Fund’s total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statement of Operations and the Statement of Changes in Net Assets, or the net investment income per share and the ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Fund and the investment adviser.

The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class.

Country Determination – For the purposes of making investment selection decisions and presentation in the Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuer’s securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted.

D.	Distributions – Distributions from net investment income and net realized capital gain, if any, are generally declared and paid annually and recorded on the ex-dividend date. The Fund may elect to treat a portion of the proceeds from redemptions as distributions for federal income tax purposes.

Federal Income Taxes – The Fund intends to comply with the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), necessary to qualify as a regulated investment company and to distribute substantially all of the Fund’s taxable earnings to shareholders. As such, the Fund will not be subject to federal income taxes on otherwise taxable income (including net realized capital gain) that is distributed to shareholders.

Therefore, no provision for federal income taxes is recorded in the financial statements.

The Fund recognizes the tax benefits of uncertain tax positions only when the position is more likely than not to be sustained. Management has analyzed the Fund’s uncertain tax positions and concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions. Management is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next 12 months.

The Fund files tax returns in the U.S. Federal jurisdiction and certain other jurisdictions. Generally, the Fund is subject to examinations by such taxing authorities for up to three years after the filing of the return for the tax period.

Expenses – Fees provided for under the Rule 12b-1 plan of a particular class of the Fund are charged to the operations of such class. Transfer agency fees and expenses and other shareholder recordkeeping fees and expenses attributable to Class R6 are charged to such class. Transfer agency fees and expenses and other shareholder recordkeeping fees and expenses relating to all other classes are allocated among those classes based on relative net assets. All other expenses are allocated among the classes based on relative net assets.

Accounting Estimates – The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period including estimates and assumptions related to taxation. Actual results could differ from those estimates by a significant amount. In addition, the Fund monitors for material events or transactions that may occur or become known after the period-end date and before the date the financial statements are released to print.

Indemnifications – Under the Trust’s organizational documents, each Trustee, officer, employee or other agent of the Trust is indemnified against certain liabilities that may arise out of the performance of their duties to the Fund. Additionally, in the normal course of business, the Fund enters into contracts, including the Fund’s servicing agreements, that contain a variety of indemnification clauses. The Fund’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Fund that have not yet occurred. The risk of material loss as a result of such indemnification claims is considered remote.

Foreign Currency Translations – Foreign currency is valued at the close of the NYSE based on quotations posted by banks and major currency dealers. Portfolio securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at the date of valuation. Purchases and sales of portfolio securities (net of foreign taxes withheld on disposition) and income items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions. The Fund does not separately account for the portion of the results of operations resulting from changes in foreign exchange rates on investments and the fluctuations arising from changes in market prices of securities held. The combined results of changes in foreign exchange rates and the fluctuation of market prices on investments (net of estimated foreign tax withholding) are included with the net realized and unrealized gain or loss from investments in the Statement of Operations. Reported net realized foreign currency gains or losses arise from (1) sales of foreign currencies, (2) currency gains or losses realized between the trade and settlement dates on securities transactions, and (3) the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund’s books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign currency gains and losses arise from changes in the fair values of assets and liabilities, other than investments in securities at fiscal period end, resulting from changes in exchange rates.

The Fund may invest in foreign securities, which may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable. Foreign taxes, if any, are recorded based on the tax regulations and rates that exist in the foreign markets in which the Fund invests and are shown in the Statement of Operations.

J.	Forward Foreign Currency Contracts – The Fund may engage in foreign currency transactions either on a spot (i.e. for prompt delivery and settlement) basis, or through forward foreign currency contracts, to manage or minimize currency or exchange rate risk.

The Fund may also enter into forward foreign currency contracts for the purchase or sale of a security denominated in a foreign currency in order to “lock in” the U.S. dollar price of that security, or the Fund may also enter into forward foreign currency contracts that do not provide for physical settlement of the two currencies, but instead are settled by a single cash payment calculated as the difference between the agreed upon exchange rate and the spot rate at settlement based upon an agreed upon notional amount (non-deliverable forwards). The Fund will set aside liquid assets in an amount equal to the daily mark-to-market obligation for forward foreign currency contracts.

A forward foreign currency contract is an obligation between two parties (“Counterparties”) to purchase or sell a specific currency for an agreed-upon price at a future date. The use of forward foreign currency contracts does not eliminate fluctuations in the price of the underlying securities the Fund owns or intends to acquire but establishes a rate of exchange in advance. Fluctuations in the value of these contracts are measured by the difference in the contract date and reporting date exchange rates and are recorded as unrealized appreciation (depreciation) until the contracts are closed. When the contracts are closed, realized gains (losses) are recorded. Realized and unrealized gains (losses) on the contracts are included in the Statement of Operations. The primary risks associated with forward foreign currency contracts include failure of the Counterparty to meet the terms of the contract and the value of the foreign currency changing unfavorably. These risks may be in excess of the amounts reflected in the Statement of Assets and Liabilities.

K.	Other Risks – The Fund’s investments are concentrated in a comparatively narrow segment of the economy, which may make the Fund more volatile.

The Fund may invest a large percentage of its assets in a limited number of securities or other instruments, which could negatively affect the value of the Fund. Fluctuations in the price of gold and precious metals may affect the profitability of companies in the gold and precious metals sector. Changes in the political or economic conditions of countries where companies in the gold and precious metals sector are located may have a direct effect on the price of gold and precious metals.

17 Invesco Gold & Precious Metals Fund

NOTE 2–Advisory Fees and Other Fees Paid to Affiliates

The Trust has entered into a master investment advisory agreement with Invesco Advisers, Inc. (the “Adviser” or “Invesco”). Under the terms of the investment advisory agreement, the Fund accrues daily and pays monthly an advisory fee to the Adviser based on the annual rate of the Fund’s average daily net assets as follows:


Average Daily Net Assets	Rate
First $ 350 million		0.750	%
Next $350 million		0.650	%
Next $1.3 billion		0.550	%
Next $2 billion		0.450	%
Next $2 billion		0.400	%
Next $2 billion		0.375	%
Over $8 billion		0.350	%

For the year ended April 30, 2020, the effective advisory fee rate incurred by the Fund was 0.75%.

Under the terms of a master sub-advisory agreement between the Adviser and each of Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Asset Management (Japan) Limited, Invesco Hong Kong Limited, Invesco Senior Secured Management, Inc. and Invesco Canada Ltd. (collectively, the “Affiliated Sub-Advisers”) the Adviser, not the Fund, will pay 40% of the fees paid to the Adviser to any such Affiliated Sub-Adviser(s) that provide(s) discretionary investment management services to the Fund based on the percentage of assets allocated to such Affiliated Sub-Adviser(s).

The Adviser has contractually agreed, through at least June 30, 2020, to waive advisory fees and/or reimburse expenses of all shares to the extent necessary to limit total annual fund operating expenses after fee waiver and/or expense reimbursement (excluding certain items discussed below) of Class A, Class C, Class Y, Investor Class and Class R6 shares to 2.00%, 2.75%, 1.75%, 2.00% and 1.75%, respectively, of average daily net assets (the “expense limits”). In determining the Adviser’s obligation to waive advisory fees and/or reimburse expenses, the following expenses are not taken into account, and could cause the total annual fund operating expenses after fee waivers and/or expense reimbursement to exceed the numbers reflected above: (1) interest; (2) taxes; (3) dividend expense on short sales; (4) extraordinary or non-routine items, including litigation expenses; and (5) expenses that the Fund has incurred but did not actually pay because of an expense offset arrangement. Unless Invesco continues the fee waiver agreement, it will terminate on June 30, 2020. During its term, the fee waiver agreement cannot be terminated or amended to increase the expense limits or reduce the advisory fee waiver without approval of the Board of Trustees. The Adviser did not waive fees and/or reimburse expenses during the period under these expense limits.

Further, the Adviser has contractually agreed, through at least June 30, 2021, to waive the advisory fee payable by the Fund in an amount equal to 100% of the net advisory fees the Adviser receives from the affiliated money market funds on investments by the Fund of uninvested cash in such affiliated money market funds.

For the year ended April 30, 2020, the Adviser waived advisory fees of $3,385.

The Trust has entered into a master administrative services agreement with Invesco pursuant to which the Fund has agreed to pay Invesco for certain administrative costs incurred in providing accounting services to the Fund. For the year ended April 30, 2020, expenses incurred under the agreement are shown in the Statement of Operations as Administrative services fees. Invesco has entered into a sub-administration agreement whereby State Street Bank and Trust Company (“SSB”) serves as fund accountant and provides certain administrative services to the Fund. Pursuant to a custody agreement with the Trust on behalf of the Fund, SSB also serves as the Fund’s custodian.

The Trust has entered into a transfer agency and service agreement with Invesco Investment Services, Inc. (“IIS”) pursuant to which the Fund has agreed to pay IIS a fee for providing transfer agency and shareholder services to the Fund and reimburse IIS for certain expenses incurred by IIS in the course of providing such services. IIS may make payments to intermediaries that provide omnibus account services, sub-accounting services and/or networking services. All fees payable by IIS to intermediaries that provide omnibus account services or sub-accounting services are charged back to the Fund, subject to certain limitations approved by the Trust’s Board of Trustees. For the year ended April 30, 2020, expenses incurred under the agreement are shown in the Statement of Operations as Transfer agent fees.

The Trust has entered into master distribution agreements with Invesco Distributors, Inc. (“IDI”) to serve as the distributor for the Class A, Class C, Class Y, Investor Class and Class R6 shares of the Fund. The Trust has adopted plans pursuant to Rule 12b-1 under the 1940 Act with respect to the Fund’s Class A, Class C and Investor Class shares (collectively, the “Plans”). The Fund, pursuant to the Plans, pays IDI compensation at the annual rate of 0.25% of the Fund’s average daily net assets of Class A shares, 1.00% of the average daily net assets of Class C shares and 0.25% of the average daily net assets of Investor Class shares. The fees are accrued daily and paid monthly. Of the Plan payments, up to 0.25% of the average daily net assets of each class of shares may be paid to furnish continuing personal shareholder services to customers who purchase and own shares of such classes. Any amounts not paid as a service fee under the Plans would constitute an asset-based sales charge. Rules of the Financial Industry Regulatory Authority (“FINRA”) impose a cap on the total sales charges, including asset-based sales charges, that may be paid by any class of shares of the Fund. For the year ended April 30, 2020, expenses incurred under the Plan are shown in the Statement of Operations as Distribution fees.

Front-end sales commissions and CDSC (collectively, the “sales charges”) are not recorded as expenses of the Fund. Front-end sales commissions are deducted from proceeds from the sales of Fund shares prior to investment in Class A shares of the Fund. CDSC are deducted from redemption proceeds prior to remittance to the shareholder. During the year ended April 30, 2020, IDI advised the Fund that IDI retained $36,971 in front-end sales commissions from the sale of Class A shares and $277 and $2,464 from Class A and Class C shares, respectively, for CDSC imposed upon redemptions by shareholders.

Certain officers and trustees of the Trust are officers and directors of the Adviser, IIS and/or IDI.

NOTE 3–Additional Valuation Information

GAAP defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available or are unreliable. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:


Level 1	-	Prices are determined using quoted prices in an active market for identical assets.
Level 2	-	Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.
Level 3	-	Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Fund’s own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.

18 Invesco Gold & Precious Metals Fund

The following is a summary of the tiered valuation input levels, as of April 30, 2020. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.


	Level 1		Level 2		Level 3		Total
Investments in Securities
Australia		$ 2,312,304		$ 6,096,555		$ –		$ 8,408,859
Canada		163,880,062		–		416,733		164,296,795
Egypt		–		2,840,802		–		2,840,802
Ivory Coast		8,264,012		–		–		8,264,012
Mexico		–		5,146,643		–		5,146,643
Mongolia		5,334,950		–		–		5,334,950
Switzerland		–		1,276,576		–		1,276,576
United States		34,528,200		12,320		–		34,540,520
Zambia		4,164,075		–		–		4,164,075
Money Market Funds		4,566,148		–		–		4,566,148
Total Investments		$223,049,751		$15,372,896		$416,733		$238,839,380

NOTE 4–Expense Offset Arrangement(s)

The expense offset arrangement is comprised of transfer agency credits which result from balances in demand deposit accounts used by the transfer agent for clearing shareholder transactions. For the year ended April 30, 2020, the Fund received credits from this arrangement, which resulted in the reduction of the Fund’s total expenses of $6,397.

NOTE 5–Trustees’ and Officers’ Fees and Benefits

Trustees’ and Officers’ Fees and Benefits include amounts accrued by the Fund to pay remuneration to certain Trustees and Officers of the Fund. Trustees have the option to defer compensation payable by the Fund, and Trustees’ and Officers’ Fees and Benefits also include amounts accrued by the Fund to fund such deferred compensation amounts. Those Trustees who defer compensation have the option to select various Invesco Funds in which their deferral accounts shall be deemed to be invested. Finally, certain current Trustees were eligible to participate in a retirement plan that provided for benefits to be paid upon retirement to Trustees over a period of time based on the number of years of service. The Fund may have certain former Trustees who also participate in a retirement plan and receive benefits under such plan. Trustees’ and Officers’ Fees and Benefits include amounts accrued by the Fund to fund such retirement benefits. Obligations under the deferred compensation and retirement plans represent unsecured claims against the general assets of the Fund.

NOTE 6–Cash Balances

The Fund is permitted to temporarily carry a negative or overdrawn balance in its account with SSB, the custodian bank. Such balances, if any at period-end, are shown in the Statement of Assets and Liabilities under the payable caption Amount due custodian. To compensate the custodian bank for such overdrafts, the overdrawn Fund may either (1) leave funds as a compensating balance in the account so the custodian bank can be compensated by earning the additional interest; or (2) compensate by paying the custodian bank at a rate agreed upon by the custodian bank and Invesco, not to exceed the contractually agreed upon rate. The Fund may not purchase additional securities when any borrowings from banks or broker-dealers exceed 5% of the Fund’s total assets, or when any borrowings from an Invesco Fund are outstanding.

NOTE 7–Distributions to Shareholders and Tax Components of Net Assets

Tax Character of Distributions to Shareholders Paid During the Fiscal Years Ended April 30, 2020 and 2019:


	2020	2019

Ordinary income	$–	$–


Tax Components of Net Assets at Period-End:

	2020

Undistributed ordinary income	$	9,454,907

Net unrealized appreciation (depreciation) – investments		(1,012,668	)

Net unrealized appreciation - foreign currencies		1,069

Temporary book/tax differences		(90,075	)

Capital loss carryforward		(207,635,644	)

Shares of beneficial interest		437,718,007

Total net assets	$	238,435,596

The difference between book-basis and tax-basis unrealized appreciation (depreciation) is due to differences in the timing of recognition of gains and losses on investments for tax and book purposes. The Fund’s net unrealized appreciation (depreciation) difference is attributable primarily to wash sales and passive foreign investment companies.

The temporary book/tax differences are a result of timing differences between book and tax recognition of income and/or expenses. The Fund’s temporary book/tax differences are the result of the trustee deferral of compensation and retirement plan benefits.

Capital loss carryforward is calculated and reported as of a specific date. Results of transactions and other activity after that date may affect the amount of capital loss carryforward actually available for the Fund to utilize. The ability to utilize capital loss carryforward in the future may be limited under the Internal Revenue Code and related regulations based on the results of future transactions.

19 Invesco Gold & Precious Metals Fund

The Fund has a capital loss carryforward as of April 30, 2020, as follows:

Capital Loss Carryforward*

Expiration

Short-Term

Long-Term

Total

Not subject to expiration

$2,565,558

$205,070,086

$207,635,644

*	Capital loss carryforward is reduced for limitations, if any, to the extent required by the Internal Revenue Code and may be further limited depending upon a variety of factors, including the realization of net unrealized gains or losses as of the date of any reorganization.

NOTE 8–Investment Transactions

The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the year ended April 30, 2020 was $34,589,203 and $59,473,937, respectively. Cost of investments, including any derivatives, on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end.


Unrealized Appreciation (Depreciation) of Investments on a Tax Basis

Aggregate unrealized appreciation of investments	$	43,740,828

Aggregate unrealized (depreciation) of investments		(44,753,496	)

Net unrealized appreciation (depreciation) of investments	$	(1,012,668	)


Cost of investments for tax purposes is $239,852,048.

NOTE 9–Reclassification of Permanent Differences

Primarily as a result of differing book/tax treatment of passive foreign investment companies, on April 30, 2020, undistributed net investment income (loss) was increased by $8,991,190, undistributed net realized gain (loss) was decreased by $8,697,971 and shares of beneficial interest was decreased by $293,219. This reclassification had no effect on the net assets of the Fund.

NOTE 10–Share Information


				Summary of Share Activity

	Year ended						Year ended
	April 30, 2020^(a)						April 30, 2019
	Shares			Amount			Shares			Amount

Sold:
Class A		7,951,647			$32,427,270			5,324,677		$	18,031,730

Class C		1,138,508			4,698,178			611,475			2,096,303

Class Y		2,435,460			10,200,630			3,860,343			13,317,900

Investor Class		1,353,203			5,584,570			1,434,168			4,820,782

Class R6		24,243			98,946			40,702			150,620


Automatic conversion of Class C shares to Class A shares:
Class A		180,083			760,395			1,024,704			3,456,388

Class C		(181,301	)		(760,395	)		(1,024,817	)		(3,456,388	)


Reacquired:
Class A		(9,415,223	)		(37,604,830	)		(9,062,490	)		(31,208,098	)

Class C		(1,030,243	)		(4,114,868	)		(1,817,475	)		(6,225,880	)

Class Y		(4,170,562	)		(16,670,378	)		(4,714,293	)		(16,463,258	)

Investor Class		(3,485,495	)		(14,160,968	)		(4,005,931	)		(13,514,699	)

Class R6		(4,238	)		(17,578	)		(144,275	)		(539,109	)

Net increase (decrease) in share activity		(5,203,918	)		$(19,559,028	)		(8,473,212	)	$	(29,533,709	)

^(a)

There are entities that are record owners of more than 5% of the outstanding shares of the Fund and in the aggregate own 26% of the outstanding shares of the Fund. IDI has an agreement with these entities to sell Fund shares. The Fund, Invesco and/or Invesco affiliates may make payments to these entities, which are considered to be related to the Fund, for providing services to the Fund, Invesco and/or Invesco affiliates including but not limited to services such as securities brokerage, distribution, third party record keeping and account servicing. The Fund has no knowledge as to whether all or any portion of the shares owned of record by these entities are also owned beneficially.

NOTE 11–Coronavirus (COVID-19) Pandemic

During the first quarter of 2020, the World Health Organization declared COVID-19 to be a public health emergency. COVID-19 has led to increased short-term market volatility and may have adverse long-term effects on U.S. and world economies and markets in general. COVID-19 may adversely impact the Fund’s ability to achieve its investment objective. Because of the uncertainties on valuation, the global economy and business operations, values reflected in these financial statements may materially differ from the value received upon actual sales of those investments.

The extent of the impact on the performance of the Fund and its investments will depend on future developments, including the duration and spread of the COVID-19 outbreak, related restrictions and advisories, and the effects on the financial markets and economy overall, all of which are highly uncertain and cannot be predicted.

NOTE 12–Subsequent Event

The Board of Trustees of the Fund unanimously approved an Agreement and Plan of Reorganization (the “Agreement”) pursuant to which the Fund would transfer all of its assets and liabilities to Invesco Oppenheimer Gold & Special Minerals Fund (the “Acquiring Fund”).

20 Invesco Gold & Precious Metals Fund

The reorganization consummated on May 15, 2020. Upon closing of the reorganization, shareholders of the Fund received shares of the Acquiring Fund in exchange for their shares of the Fund, and the Fund will liquidate and cease operations.

21 Invesco Gold & Precious Metals Fund

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of AIM Sector Funds (Invesco Sector Funds) and Shareholders of Invesco Gold & Precious Metals Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Invesco Gold & Precious Metals Fund (one of the funds constituting AIM Sector Funds (Invesco Sector Funds), referred to hereafter as the “Fund”) as of April 30, 2020, the related statement of operations for the year ended April 30, 2020, the statement of changes in net assets for each of the two years in the period ended April 30, 2020, including the related notes, and the financial highlights for each of the periods indicated therein (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of April 30, 2020, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended April 30, 2020 and the financial highlights for each of the periods indicated therein in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of April 30, 2020 by correspondence with the custodian and transfer agent. We believe that our audits provide a reasonable basis for our opinion.

/s/PricewaterhouseCoopers LLP

Houston, Texas

June 26, 2020

We have served as the auditor of one or more of the investment companies in the Invesco group of investment companies since at least 1995. We have not been able to determine the specific year we began serving as auditor.

22 Invesco Gold & Precious Metals Fund

Calculating your ongoing Fund expenses

Example

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchase payments or contingent deferred sales charges on redemptions, if any; and (2) ongoing costs, including management fees, distribution and/or service (12b-1) fees, and other Fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period November 1, 2019 through April 30, 2020.

Actual expenses

The table below provides information about actual account values and actual expenses. You may use the information in this table, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the table under the heading entitled “Actual Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical example for comparison purposes

The table below also provides information about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return.

The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs, such as sales charges (loads) on purchase payments or contingent deferred sales charges on redemptions, if any. Therefore, the hypothetical information is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transaction costs were included, your costs would have been higher.


	Beginning Account Value (11/01/19)	ACTUAL		HYPOTHETICAL (5% annual return before expenses)		Annualized Expense Ratio
	Beginning Account Value (11/01/19)	Ending Account Value (04/30/20)¹	Expenses Paid During Period²	Ending Account Value (04/30/20)	Expenses Paid During Period²	Annualized Expense Ratio
Class A	$1,000.00	$1,127.40	$8.20	$1,017.16	$7.77	1.55%
Class C	1,000.00	1,123.50	12.14	1,013.43	11.51	2.30
Class Y	1,000.00	1,128.80	6.88	1,018.40	6.52	1.30
Investor Class	1,000.00	1,129.20	8.15	1,017.21	7.72	1.54
Class R6	1,000.00	1,133.20	6.10	1,019.14	5.77	1.15

The actual ending account value is based on the actual total return of the Fund for the period November 1, 2019 through April 30, 2020, after actual expenses and will differ from the hypothetical ending account value which is based on the Fund’s expense ratio and a hypothetical annual return of 5% before expenses.

²	Expenses are equal to the Fund’s annualized expense ratio as indicated above multiplied by the average account value over the period, multiplied by 182/366 to reflect the most recent fiscal half year.

23 Invesco Gold & Precious Metals Fund

Trustees and Officers

The address of each trustee and officer is AIM Sector Funds (Invesco Sector Funds) (the “Trust”), 11 Greenway Plaza, Suite 1000, Houston, Texas 77046-1173. The trustees serve for the life of the Trust, subject to their earlier death, incapacitation, resignation, retirement or removal as more specifically provided in the Trust’s organizational documents. Each officer serves for a one year term or until their successors are elected and qualified. Column two below includes length of time served with predecessor entities, if any.

Name, Year of Birth and
Position(s)

Held with the Trust

Trustee

and/or
Officer

Since

Principal Occupation(s)

During Past 5 Years

Number of
Funds in
Fund Complex
Overseen by
Trustee

Other

Directorship(s)

Held by Trustee

During Past 5

Years

Interested Trustee

Martin L. Flanagan¹- 1960

Trustee and Vice Chair

2007

Executive Director, Chief Executive Officer and President, Invesco Ltd. (ultimate parent of Invesco and a global investment management firm); Trustee and Vice Chair, The Invesco Funds; Vice Chair, Investment Company Institute; and Member of Executive Board, SMU Cox School of Business

Formerly: Advisor to the Board, Invesco Advisers, Inc. (formerly known as Invesco Institutional (N.A.), Inc.); Chairman and Chief Executive Officer, Invesco Advisers, Inc. (registered investment adviser); Director, Chairman, Chief Executive Officer and President, Invesco Holding Company (US), Inc. (formerly IVZ Inc.) (holding company), Invesco Group Services, Inc. (service provider) and Invesco North American Holdings, Inc. (holding company); Director, Chief Executive Officer and President, Invesco Holding Company Limited (parent of Invesco and a global investment management firm); Director, Invesco Ltd.; Chairman, Investment Company Institute and President, Co-Chief Executive Officer, Co-President, Chief Operating Officer and Chief Financial Officer, Franklin Resources, Inc. (global investment management organization)

203

None

¹	Mr. Flanagan is considered an interested person (within the meaning of Section 2(a)(19) of the 1940 Act) of the Trust because he is an officer of the Adviser to the Trust, and an officer and a director of Invesco Ltd., ultimate parent of the Adviser.

T-1 Invesco Gold & Precious Metals Fund