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This Policy is issued on behalf of Invesco Management Group, Inc. and Invesco Distributors, Inc. For more information on us, please see our Corporate Profile.

We are always aware that when you invest in an Invesco fund, you entrust us with more than your money. You also share personal and financial information. We take very seriously the obligation to keep that information confidential and private. Invesco is committed to maintaining the privacy of the information you share with us when you use www.invesco.com. We want to assure you that information about users of www.invesco.com is not sold to any third party. In the following statement, we describe what information is gathered from www.invesco.com and from certain other sources and how we use it. If you have any questions, please call 800-847-2424, and we will be happy to assist you.

Information we gather from our customers.
Invesco collects nonpublic personal information about you from applications or other forms you complete and from your transactions with us or our affiliates. The term "personal information" includes information such as your name, address, telephone number, email address, Social Security number or other national identification number, account number, income, assets information, account balance, and investment history.

Information we gather on this web site.
We gather two types of information on this site: personal information about you and general information about how the site is being used.

We gather personal information when you fill out a secure account question form. We also collect general web site tracking information, such as which pages are viewed at which times, automatically through our web server software.

What we do with the information we gather.
We do not disclose information about you, or our former customers, to our affiliates or to service providers or other third parties except on the limited basis permitted by law. For example, we use this information to administer your accounts with us through such activities as sending you transaction confirmations, annual reports, prospectuses and tax forms. Your personal information also lets us know how to contact you so that we may answer your question or respond to your request. Your Social Security number and account number help us protect your privacy; they help us verify that you are authorized to access the account you are requesting to view. To serve you better, we may combine information you give us through this web site or through other communication channels.

The general web site tracking information is used to give us a summary view of how our web site is used. Currently we do track individual users. We currently analyze the data to determine customer interest, and how to make the web site better and more useful. This information is and will be strictly for our internal use.

We may conduct surveys regarding our products and services, including the operation of our web site. The information you provide is used only on an aggregated basis and is analyzed only to improve our products and services and for company management and planning purposes. You will not receive communications as a result of your participation in one of our surveys if you notify us not to contact you.

Our policy on sharing site information with third parties.
Your privacy is one of our biggest priorities. Information about you and any users of www.invesco.com is not sold or rented to any third party. We do not trade such information with any third party. Even within Invesco, only people involved with servicing your accounts have access to your personal information.

We do reserve the right to disclose or report personal information in limited circumstances where we believe in good faith that disclosure is required under law, to cooperate with regulators or law enforcement authorities, and to protect our rights or property. We reserve the right to use your email or other address to send you important information relating to your account, including regulatory communications.

How we protect your information.
To ensure a high level of confidentiality and security, Invesco maintains physical, electronic and procedural safeguards that meet or exceed federal standards.

When we share personal information with our service providers, we expect them to treat that information with strict confidentiality and to retain your personal information no longer than is necessary to provide the product, service, or information.

We expect our employees with access to confidential customer information not to use or disclose the information except for business purposes. Personal information about you is normally used only by those employees who need to know that information to provide our products or services to you. All employees are expected to safeguard such information and employees who violate these obligations will be subject to our normal disciplinary process.

Special security measures apply to your communications with us on this web site. Internally, we employ encryption technologies, user authentication systems (e.g., passwords and personal identification numbers) and access control mechanisms to secure access to our computer systems and files. We employ firewalls for our Internet-based systems.

Web Security & Privacy FAQs

• What is the difference between security and privacy?

  Privacy refers to the collection and use of your personal information, whereas, web site security is a system of safeguards that prevent unauthorized parties from reading or modifying information in secured areas.

• What security measures does invesco.com use?

  Our site uses current web server technology, which provides us with data encryption and authentication features. Certain communications between you and invesco.com are protected by a "Secure Sockets Layer." This feature will let you know when the page you are viewing is secure.

  SSL is a technology that is used to establish a secure connection between your PC and the web server. SSL allows all data transmitted between the server and your computer to be encrypted even while traveling across multiple networks. The encryption is achieved through an electronic scrambling technology that uses "keys" to encrypt and decrypt data. The "keys" for each secure session are established and retired automatically by the SSL program; it is not necessary for you to learn to operate an encryption program. Invesco uses SSL encryption that provides the maximum encryption key length (up to 128 bits) allowed by your browser when transmitting your information. The longer the key, the more secure the encrypted data. A 128-bit key is like a 16-character password.

  Please take a minute to check your browser. If you get "The page cannot be displayed" error then you will need to download the latest version of Netscape or Internet Explorer.

  Of course, no security system is completely foolproof, and no site can guarantee that it is impervious to security breaches. Be assured, however, that Invesco takes security issues very seriously, and we strive to use the most up-to-date security measures possible.

• How does invesco.com handle cookies?

  To personalize your experience on our web site, we may assign your computer browser a unique random ID, called a "cookie." A cookie is a small file that is sent to your computer by a web site's server. A cookie can be a record of your visit to a site, including information such as your user name, registration information, time of last visit, pages viewed, etc.

  Certain portions of our site may require that you accept cookies if you wish to enter. While you are inside our web site, you may receive a pop-up box asking if you would like to "accept the cookie" (assuming you have your browser preferences set to notify you about cookies). You must answer "yes" in order to advance beyond the area that prompted the message.

  Cookies enhance web site performance in several important ways: they provide a secure way for us to verify your identity during your online session, they personalize your experience on our site, and they make your visit to our site more convenient for you. It also allows us to understand how people are using our site so that we can improve your experience on the site.

  Your privacy and security are not compromised when you accept a cookie from our web site. We do not use cookies to collect personal information. Cookies from a secure site are encrypted and sent securely, and a cookie can't read data from your computer's hard disk or read cookie files from other web sites. Information in Invesco's cookies is not accessible to other sites. Cookies are small files (just a few hundred bytes) and won't pose any significant disk-space concerns. Some web sites use cookies from third-party service providers or third-party network advertisers. The Invesco web site does not use these third party cookies.

  You can clear any and all cookies from your hard drive any time you wish. However, deleting these cookies may mean that any long-term settings (such as your stored User Name) will need to be reset. You can also set your browser not to accept cookies or to alert you each time you receive one. However, we recommend that you not do so. You might find it cumbersome to need to constantly re-enter information and to be alerted to each cookie you'll encounter.

• How can I tell if I am on a secure page?

  Different browsers indicate a secure page in different ways, as in our examples below:

  Browser/version	secure page...	non-secure page...
  Internet Explorer 4.x	in the lower right-hand corner	(no padlock icon)
  Netscape 4.x	in the lower left-hand corner	in the lower left-hand corner

  In general, if you see a closed padlock then the page is secure.

• Can I have my account information blocked from the Invesco web site?

  If for any reason you wish to block access to your account information from this web site, simply complete the Block Account Access Form or call 800-847-2424 and ask that your account be blocked from the web site.

• Will any of my personal information be sold to third parties?

  Your privacy is one of our biggest priorities. Information about users of invesco.com is not sold to any third party. Our privacy policy should help answer any other questions you may have about this topic, along with what information is gathered on the site and how it is used.

  How you can correct and update personal information.
  If you need to update or correct any personal information, you may contact us at 800.959.4246.

  How you can block access to your account information from our web site.
  We hope that you'll benefit from having 24-hour Internet access to your account. However, we understand that you may prefer not to participate in this service. If for any reason you wish to block access to your account information from this web site, simply call 800.959.4246 and ask that your account be blocked from the web site.

  Communications with us.
  Invesco welcomes your email correspondence. Our associates are available during normal business hours to address your general investment questions as well as respond to your suggestions for improvement. At this time, however, in order to ensure your protection and client confidentiality, our email responses will not include any personal account information such as Social Security numbers, account numbers, etc.

  Changes to this Statement.
  We reserve the right to change or remove this Policy at our discretion. If we decide to change it, we will post those changes here. We encourage you to visit this area frequently to stay informed. If you access our web site after we have posted changes to this Statement, you are agreeing to accept the changes.