Seeks to achieve total return with income as a secondary objective.
Strategy
The fund invests in a diversified portfolio of fixed-income securities.
The map illustrates areas in which the funds typically invest, not necessarily within a limited period of time. This fund is not classified with regard to one primary bond quality.
Returns as of date: 09/30/2009 Cum. = cumulative returns / Ann. = average annual total returns
Class
Sales Charge
1 Mo.
3 Mo.
YTD
1 Yr.
3 Yr.
5 Yr.
10 Yr.
15 Yr.
Since Incept.
A Cum. (NAV)
N/A
0.68%
4.75%
14.76%
6.82%
6.04%
N/A
N/A
N/A
7.34%
A Cum. (Load)
2.50%
-1.88%
2.11%
11.93%
4.18%
3.42%
N/A
N/A
N/A
4.62%
A Ann. (NAV)
N/A
N/A
N/A
N/A
N/A
1.97%
N/A
N/A
N/A
2.04%
A Ann. (Load)
2.50%
N/A
N/A
N/A
N/A
1.13%
N/A
N/A
N/A
1.30%
C Cum. (NAV)
N/A
0.66%
4.69%
14.54%
6.55%
5.24%
N/A
N/A
N/A
6.40%
C Cum. (Load)
N/A (CDSC)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
C Ann. (NAV)
N/A
N/A
N/A
N/A
N/A
1.72%
N/A
N/A
N/A
1.79%
C Ann. (Load)
N/A (CDSC)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
R Cum. (NAV)
N/A
0.78%
4.69%
14.54%
6.55%
5.24%
N/A
N/A
N/A
6.40%
R Cum. (Load)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
R Ann. (NAV)
N/A
N/A
N/A
N/A
N/A
1.72%
N/A
N/A
N/A
1.79%
R Ann. (Load)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Class
Sales Charge
1 Mo.
3 Mo.
YTD
1 Yr.
3 Yr.
5 Yr.
10 Yr.
15 Yr.
Since Incept.
Y Cum. (NAV)
N/A
0.82%
4.81%
15.09%
7.33%
6.54%
N/A
N/A
N/A
7.85%
Y Cum. (Load)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Y Ann. (NAV)
N/A
N/A
N/A
N/A
N/A
2.13%
N/A
N/A
N/A
2.18%
Y Ann. (Load)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Returns as of date: 09/30/2009 Cum. = cumulative returns / Ann. = average annual total returns
Benchmark
Sales Charge
1 Mo.
3 Mo.
YTD
1 Yr.
3 Yr.
5 Yr.
10 Yr.
15 Yr.
Since Incept.
Cum. Style-Specific: US 3-Month LIBOR IX
N/A
0.03%
0.12%
0.68%
1.46%
10.92%
19.93%
40.78%
N/A
Ann. Style-Specific: US 3-Month LIBOR IX
N/A
N/A
N/A
N/A
N/A
3.51%
3.70%
3.48%
N/A
Cum. Broad-Based: Barclays Capital US Aggregate TR
N/A
1.05%
3.74%
5.72%
10.56%
20.48%
28.39%
84.15%
168.57%
Ann. Broad-Based: Barclays Capital US Aggregate TR
N/A
N/A
N/A
N/A
N/A
6.41%
5.13%
6.30%
6.81%
Style-Specific Source: Lipper Inc.
Broad-Based Source: Lipper Inc.
Had fees not been waived and/or expenses reimbursed, returns would have been lower.
Class Y share's inception date is October 3, 2008; returns since that date are historical returns. All other returns are blended returns of historical Class Y share performance and restated Class A share performance (for periods prior to the inception date of Class Y shares) at net asset value and reflect the Rule 12b-1 fees applicable to Class A shares. Class A shares inception date as noted in table. Class Y shares would have had different returns due to differences in the expense structure of the Class Y shares.
Class Y shares have no sales charge; therefore, performance is at NAV. Class Y shares are closed to most investors. Please see the prospectus for more details.
Returns as of date: 10/31/2009 Cum. = cumulative returns / Ann. = average annual total returns
Class
Sales Charge
1 Mo.
3 Mo.
YTD
1 Yr.
3 Yr.
5 Yr.
10 Yr.
15 Yr.
Since Incept.
A Cum. (NAV)
N/A
0.49%
2.40%
15.32%
10.32%
5.94%
N/A
N/A
N/A
7.86%
A Cum. (Load)
2.50%
-2.06%
-0.12%
12.48%
7.51%
3.33%
N/A
N/A
N/A
5.13%
A Ann. (NAV)
N/A
N/A
N/A
N/A
N/A
1.94%
N/A
N/A
N/A
2.13%
A Ann. (Load)
2.50%
N/A
N/A
N/A
N/A
1.10%
N/A
N/A
N/A
1.40%
C Cum. (NAV)
N/A
0.58%
2.45%
15.21%
10.17%
5.26%
N/A
N/A
N/A
7.01%
C Cum. (Load)
N/A (CDSC)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
C Ann. (NAV)
N/A
N/A
N/A
N/A
N/A
1.72%
N/A
N/A
N/A
1.91%
C Ann. (Load)
N/A (CDSC)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
R Cum. (NAV)
N/A
0.47%
2.33%
15.08%
10.05%
5.14%
N/A
N/A
N/A
6.89%
R Cum. (Load)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
R Ann. (NAV)
N/A
N/A
N/A
N/A
N/A
1.69%
N/A
N/A
N/A
1.88%
R Ann. (Load)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Class
Sales Charge
1 Mo.
3 Mo.
YTD
1 Yr.
3 Yr.
5 Yr.
10 Yr.
15 Yr.
Since Incept.
Y Cum. (NAV)
N/A
0.51%
2.45%
15.67%
10.85%
6.46%
N/A
N/A
N/A
8.40%
Y Cum. (Load)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Y Ann. (NAV)
N/A
N/A
N/A
N/A
N/A
2.11%
N/A
N/A
N/A
2.27%
Y Ann. (Load)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Returns as of date: 10/31/2009 Cum. = cumulative returns / Ann. = average annual total returns
Benchmark
Sales Charge
1 Mo.
3 Mo.
YTD
1 Yr.
3 Yr.
5 Yr.
10 Yr.
15 Yr.
Since Incept.
Cum. Style-Specific: US 3-Month LIBOR IX
N/A
0.02%
0.09%
0.70%
1.14%
10.42%
19.77%
40.14%
N/A
Ann. Style-Specific: US 3-Month LIBOR IX
N/A
N/A
N/A
N/A
N/A
3.36%
3.67%
3.43%
N/A
Cum. Broad-Based: Barclays Capital US Aggregate TR
N/A
0.49%
2.60%
6.24%
13.79%
20.28%
27.95%
84.38%
170.14%
Ann. Broad-Based: Barclays Capital US Aggregate TR
N/A
N/A
N/A
N/A
N/A
6.35%
5.05%
6.31%
6.85%
Style-Specific Source: Lipper Inc.
Broad-Based Source: Lipper Inc.
Distribution History The fund pays dividends
Monthly.
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.
*Shows the low and high NAV for the last 52 weeks.
aIncluding distributions. Performance figures reflect reinvested distributions and changes in net asset value (NAV).
Performance quoted is past performance and cannot guarantee comparable future results; current performance may be lower or higher. Investment return and principal value will vary so that you may have a gain or a loss when you sell shares.
Performance figures reflect reinvested distributions and changes in net asset value (NAV) and the effect of the maximum sales charge unless otherwise stated.
Performance shown at NAV does not include applicable front-end or CDSC sales charges, which would have reduced the performance.
Common Stock - Units of ownership in a public corporation. Convertible Bonds - Bonds that can be exchanged for other securities of the issuing company at some future date and under prescribed conditions. Corporate Bonds - Debt instruments issued by a private corporation. Developing Country Investment - Percentage of total assets in a portfolio held in countries considered to be emerging markets. Emerging Market Bonds - Fixed income instruments issued by a developing country, usually a small market with a short operating history. Govt Agency Bonds - Debt instruments issued by federal agencies not directly backed by the U.S. Government. High Yield Bonds - Bonds that have ratings BB or lower and that pay a higher yield to compensate for their greater risk. Mortgage Backed Bonds - Security backed by a mortgage. Preferred Stock - Class of capital stock that pays dividends at a specific rate and that has preference over common stock in payments of dividends and the liquidation of assets. Treasury Govt Bonds - Debt instruments issued by the government that are backed by the full faith and credit of the U.S. Government.
Net Assets as of date:
10/31/2009
Class A
$21,964,167
Class C
$7,077,768
Class R
$36,088
Class Y
$3,070,403
All Classes
$32,174,745
This total may include shares that are not displayed.
Top Ten Fixed Income Holdings as of date: 10/31/2009
Holding Name
Coupon Percent
Bond Maturity Date
Percent of Holdings
1
U.S. TREASURY NOTES
4.750%
08/15/2017
3.46%
2
WFMBS 2004 S A1
3.177%
09/25/2034
2.57%
3
FNR 2005 16 LC
5.500%
05/25/2028
2.26%
4
FNR 2005 16 PB
5.000%
07/25/2027
2.26%
5
FHLMC #1N0173
6.535%
07/01/2036
1.91%
6
ING SEC LIFE INST FUND
4.250%
01/15/2010
1.74%
7
BOAMS 2004 D 2A2
3.876%
05/25/2034
1.71%
8
FNR 2003 112 FA
0.746%
01/25/2028
1.70%
9
BSCMS 2006 T24 A4
5.537%
10/12/2041
1.57%
10
NATIONAL RURAL UTIL COOP
2.625%
09/16/2012
1.57%
Holdings are subject to change.
Top Ten Industries* as of date: 10/31/2009
1
CMOs
22.89%
2
Non-Agency Adj Rate Mortgage
3.78%
3
Integrated Telecom Svcs
3.23%
4
Other Diversified Financial Services
3.06%
5
ABS - Home Equity Loan
2.85%
6
US Mortgage Backed
2.34%
7
Life & Health Insurance
1.89%
8
Specialized Finance
1.57%
9
ABS - Auto Loans
1.42%
10
Oil & Gas- Storage & Transportation
1.41%
*The holdings are organized according to the Global Industry Classification Standard,
which was developed by and is the exclusive property and a service mark of
Morgan Stanley Capital International Inc. and Standard & Poor's.
MPT Statistics
as of date: 10/31/2009 Based on A shares
3 Year Sharpe Ratio
-0.05
3 Year Standard Deviation
5.41
5 Year Standard Deviation
N/A
10 Year Standard Deviation
N/A
Source: StyleADVISOR
MPT Statistics
as of date: 10/31/2009 Based on A shares (Source: StyleADVISOR)
(vs. Broad Based Benchmark)
Barclays Capital US Aggregate TR
(vs. Style Specific Benchmark)
US 3-Month LIBOR IX
3 Year Alpha
0.24%
3 Year Alpha
16.64%
3 Year Beta
-0.10
3 Year Beta
-14.19
3 Year R-Squared
0.01
3 Year R-Squared
0.28
Source: Lipper Inc.
Source: Lipper Inc.
The Modern Portfolio Theory (MPT) Statistics section shows the Sharpe, Standard Deviation, Alpha, Beta and R2 statistics for the item. Modern Portfolio Theory statistics - statistical calculations applied to an investment strategy that seeks to construct an optimal portfolio by considering the relationship between risk and return. Sharpe ratio is a risk-adjusted measure calculated using standard deviation and excess return to determine reward per unit of risk. The higher the Sharpe ratio, the better the fund's historical risk-adjusted performance. Standard Deviation measures a fund's range of total returns and identifies the spread of a fund's short-term fluctuations. It is useful when comparing the volatility of funds with different objectives. Alpha is a coefficient measuring the risk-adjusted performance, considering the risk due to the specific security, rather than the overall market. A positive alpha indicates that the manager has been successful at security selection and has produced a rate of return which is more than commensurate with the security's risk posture. Beta coefficient is a measure of a security's volatility relative to the market. An index relevant to the security's stated investment category is used as the proxy for the market, and is considered to have a 1.00 Beta. Therefore, if a security has a Beta of 1.50, it has been historically 50% more volatile than the market for the period shown. R-squared is the percentage of a fund's movements explained by movement in its benchmark index. Values of r-squared range from 0 to 1, where 0 indicates no correlation and 1 indicates perfect correlation.
An investment cannot be made directly in an index.
Foreign securities have additional risks, including exchange rate changes, political and economic upheaval, the relative lack of information about these companies, relatively low market liquidity and the potential lack of strict financial and accounting controls and standards.
The fund may invest in asset-backed or mortgage-backed securities which may lose value if they are called or prepaid.
The fund may use enhanced investment techniques such as leverage and derivatives. Leveraging entails special risks such as magnifying changes in the value of the portfolio's securities. Derivatives are subject to counterparty risk—the risk that the other party will not complete the transaction with the fund.
The prices of securities in the fund may decline in response to market risks, changes in interest rates, effective maturities and credit ratings of those securities.
Invesco AimSM is a service mark of Invesco Aim Management Group, Inc. Invesco Aim Advisors, Inc., Invesco Aim Capital Management, Inc., Invesco Aim Private Asset Management, Inc. and Invesco PowerShares Capital Management LLC are the investment advisors for the products and services represented by Invesco Aim; they each provide investment advisory services to individual and institutional clients and do not sell securities. Please refer to each fund’s prospectus for information on the fund’s subadvisors. Invesco Aim Distributors, Inc. is the U.S. distributor for the retail mutual funds, exchange-traded funds and institutional money market funds and the subdistributor for the STIC Global Funds represented by Invesco Aim. All entities are indirect, wholly owned subsidiaries of Invesco Ltd.
Consider the investment objectives, risks, and charges and expenses carefully before investing. For this and other information about AIM funds, please obtain a prospectus from your financial advisor and read it carefully before investing.
NOT FDIC INSURED
MAY LOSE VALUE
NO BANK GUARANTEE
Invesco Aim Management Group, Inc. data unless otherwise noted.
0.90