Common use of Right of Accumulation Clause in Contracts

Right of Accumulation. A Right of Accumulation permits certain Account Owners to combine the value of assets in their Accounts in the Program (regardless of the Class of Units selected) to determine whether a reduced initial sales charge applies to the purchase of Class A Units. Purchases of the Invesco Government & Agency 529 Portfolio may not be combined to reduce your Class A sales charge. The Program Manager will determine the value of Program Units you currently own based on the greater of aggregate net Contributions or total shares multiplied by the current Net Asset Value. To receive a reduced initial sales charge based on the Right of Accumulation, you or your financial advisor must notify the Program Manager that you qualify for such a reduced initial sales charge at the time your Contribution is made. The reduced initial sales charge will be granted upon confirmation of the aggregate Contributions to the applicable Accounts. Such reduced initial sales charge generally will not be applied retroactively to Contributions made prior to the Contribution that qualifies for the applicable reduced initial sales charge.

Right of Accumulation. A Right of Accumulation permits certain Account Owners to combine the value of assets in their Accounts in the Program (regardless of the Class of Units selected) to determine whether a reduced initial sales charge applies to the purchase of Class A Units. Purchases of the Invesco Government & Agency 529 Portfolio and Bank Savings 529 Portfolio may not be combined to reduce your Class A sales charge. The Program Manager will determine the value of Program Units you currently own based on the greater of aggregate net Contributions or total shares multiplied by the current Net Asset Value. To receive a reduced initial sales charge based on the Right of Accumulation, you or your financial advisor must notify the Program Manager that you qualify for such a reduced initial sales charge at the time your Contribution is made. The reduced initial sales charge will be granted upon confirmation of the aggregate Contributions to the applicable Accounts. Such reduced initial sales charge generally will not be applied retroactively to Contributions made prior to the Contribution that qualifies for the applicable reduced initial sales charge.