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
2.73%
8.91%
43.11%
4.20%
-2.35%
9.03%
31.55%
N/A
52.02%
A Cum. (Load)
2.50%
0.19%
6.24%
39.42%
1.61%
-4.77%
6.29%
28.26%
N/A
48.16%
A Ann. (NAV)
N/A
N/A
N/A
N/A
N/A
-0.79%
1.74%
2.78%
N/A
3.43%
A Ann. (Load)
2.50%
N/A
N/A
N/A
N/A
-1.62%
1.23%
2.52%
N/A
3.22%
C Cum. (NAV)
N/A
2.70%
8.81%
42.53%
3.53%
-3.99%
6.54%
N/A
N/A
23.71%
C Cum. (Load)
1.00% (CDSC)
1.70%
7.81%
41.53%
2.56%
-3.99%
6.54%
N/A
N/A
23.71%
C Ann. (NAV)
N/A
N/A
N/A
N/A
N/A
-1.35%
1.28%
N/A
N/A
2.26%
C Ann. (Load)
1.00% (CDSC)
N/A
N/A
N/A
N/A
-1.35%
1.28%
N/A
N/A
2.26%
R Cum. (NAV)
N/A
2.71%
8.52%
42.78%
3.95%
-2.95%
8.24%
30.60%
N/A
N/A
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
-0.99%
1.60%
2.71%
N/A
N/A
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
2.76%
8.99%
43.15%
4.25%
-2.30%
9.08%
31.62%
N/A
N/A
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
-0.77%
1.75%
2.79%
N/A
N/A
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: S&P LSTA Leveraged Loan IX
N/A
3.20%
10.53%
46.11%
12.59%
7.71%
20.20%
55.24%
N/A
Ann. Style-Specific: S&P LSTA Leveraged Loan IX
N/A
N/A
N/A
N/A
N/A
2.51%
3.75%
4.50%
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: Standard and Poor's
Broad-Based Source: Lipper Inc.
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.
No contingent deferred sales charge (CDSC) will be imposed on redemptions of Class C shares following one year from the date shares were purchased. Performance shown at NAV does not include sales charges, which would have reduced the performance.
On April 13, 2006, the fund reorganized from a closed-end fund to an open-end fund. The inception date for the open-end fund's Class A, Class R and Institutional Class shares is April 13, 2006; returns since that date are historical returns. All other returns are blended returns of historical Class A, Class R or Institutional Class shares and restated performance of the closed-end fund's Class B shares (for periods prior to the inception date of the open-end fund's Class A, Class R or Institutional Class shares) at net asset value and reflect the higher annual management fees and .25% annual 12b-1 fee applicable to the closed-end fund's Class B shares. The closed-end's fund's Class B share inception date is May 1, 1997.
On April 13, 2006, the fund reorganized from a closed-end fund to an open-end fund. Class C returns prior to April 13, 2006, are the historical performance of the closed-end fund's Class C shares.
Had fees not been waived and/or expenses reimbursed on Class C shares, returns would have been lower.
Had fees not been waived and/or expenses reimbursed in the past, returns would have been lower.
A 2% redemption fee will be imposed on certain redemptions or exchanges out of the fund within 30 days of purchase. Exceptions to the redemption fee are listed in the fund's prospectus.
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
-0.15%
4.83%
42.89%
22.51%
-3.26%
8.29%
30.83%
N/A
51.79%
A Cum. (Load)
2.50%
-2.70%
2.19%
39.21%
19.47%
-5.65%
5.58%
27.56%
N/A
47.93%
A Ann. (NAV)
N/A
N/A
N/A
N/A
N/A
-1.10%
1.61%
2.72%
N/A
3.39%
A Ann. (Load)
2.50%
N/A
N/A
N/A
N/A
-1.92%
1.09%
2.46%
N/A
3.18%
C Cum. (NAV)
N/A
-0.20%
4.86%
42.25%
21.78%
-4.78%
5.80%
N/A
N/A
23.47%
C Cum. (Load)
1.00% (CDSC)
-1.19%
3.86%
41.25%
20.78%
-4.78%
5.80%
N/A
N/A
23.47%
C Ann. (NAV)
N/A
N/A
N/A
N/A
N/A
-1.62%
1.13%
N/A
N/A
2.22%
C Ann. (Load)
1.00% (CDSC)
N/A
N/A
N/A
N/A
-1.62%
1.13%
N/A
N/A
2.22%
R Cum. (NAV)
N/A
-0.17%
4.46%
42.53%
22.18%
-3.74%
7.48%
29.86%
N/A
N/A
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
-1.26%
1.45%
2.65%
N/A
N/A
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
-0.14%
5.04%
42.96%
22.62%
-3.19%
8.36%
30.92%
N/A
N/A
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
-1.08%
1.62%
2.73%
N/A
N/A
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: S&P LSTA Leveraged Loan IX
N/A
0.55%
6.12%
46.91%
30.46%
7.59%
20.26%
55.87%
N/A
Ann. Style-Specific: S&P LSTA Leveraged Loan IX
N/A
N/A
N/A
N/A
N/A
2.47%
3.76%
4.54%
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: Standard and Poor's
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.
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
CHARTER REFINANCE
N/A
N/A
2.61%
2
FIRST DATA
N/A
N/A
2.42%
3
LYONDELL BASELL
N/A
N/A
2.12%
4
TCEH (TX COMP EGY)
N/A
N/A
2.10%
5
HEXION SPECIALTY CHEMICALS
N/A
N/A
1.89%
6
GEORGIA-PACIFIC
N/A
N/A
1.88%
7
HUNTSMAN INTERNATIONAL
N/A
N/A
1.86%
8
CALPINE CORP.
N/A
N/A
1.75%
9
CEQUEL COMMUNICATION
N/A
N/A
1.65%
10
MCC IOWA (MEDIACOM)
N/A
N/A
1.62%
Holdings are subject to change.
Top Ten Industries* as of date: 10/31/2009
1
Broadcasting & Cable TV
10.48%
2
Electric Utilities
5.40%
3
Leisure Facilities
5.01%
4
Publishing & Printing
4.29%
5
Specialty Chemicals
3.97%
6
Food Distributors
3.25%
7
Commodity Chemicals
3.24%
8
Wireless Telecom Svcs
3.18%
9
Leisure Products
2.97%
10
Health Care Facilities
2.95%
*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.
Fixed Income Statistics
as of date:
10/31/2009
Duration Yrs.
N/A
Avg. Maturity Yrs.
3.92
Avg. Coupon %
N/A
Avg. Cost $
N/A
Avg. Market Val. $
N/A
Avg. Cost %
N/A
Avg. Market Val. %
N/A
Bond Quality Ratings
10/31/2009
Bond Rating
Total
AAA%
0
AA%
0
A%
0
BBB%
2.08
BB%
54.09
B%
31.34
CCC%
3.29
CC%
0
C%
0
D%
0
NR%
3.99
MPT Statistics
as of date: 10/31/2009 Based on A shares
3 Year Sharpe Ratio
-0.22
3 Year Standard Deviation
14.98
5 Year Standard Deviation
11.58
10 Year Standard Deviation
8.25
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)
S&P LSTA Leveraged Loan IX
3 Year Alpha
-2.21%
3 Year Alpha
-3.40%
3 Year Beta
0.01
3 Year Beta
1.06
3 Year R-Squared
0.00
3 Year R-Squared
0.98
Source: Lipper Inc.
Source: Standard and Poor's
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.
Floating rate investments are not money market funds, and the fund will not maintain a stable net asset value (NAV).
The fund invests in synthetic instruments, the value of which may not correlate perfectly with the overall securities markets. Rising interest rates and market price fluctuations will affect the performance of the fundâs investments in synthetic instruments.
The fund may hold loans and securities that are illiquid and involve greater risk than securities with more liquid markets.
The fund may invest all or substantially all of its assets in senior secured floating rate loans and senior secured debt securities or other securities rated below investment grade. These securities are generally considered to have speculative characteristics and are subject to greater risk of loss of principal and interest than higher rated securities. Foreign loans and debt securities have additional risks, including exchange rate changes, political and economic developments, the relative lack of information about these companies and the potential lack of strict financial and accounting controls and standards.
The fund may use leverage, which entails special risks such as magnifying changes in the value of the portfolio's 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.
