The fund's objective is to provide total return with a low to moderate correlation to traditional financial market indices and, as a secondary objective, capital preservation.
Strategy
The fund seeks to meet its investment objective by building a portfolio of AIM Balanced-Risk Allocation Fund and cash instruments. The sub-advisor allocates the Fund's assets according to a strategy designed to provide exposure to equity, fixed income, and commodity markets while seeking to provide greater capital loss protection during down markets with an appropriate risk level for investors whose target retirement date is around 2010.
Ann. Broad-Based: 60% S&P 500/40% Barclays Aggregate TR
N/A
N/A
N/A
N/A
N/A
-0.41%
2.95%
2.74%
7.63%
Style-Specific Source: Invesco Aim, Lipper Inc.
Broad-Based Source: Invesco Aim, Lipper Inc.
Had fees not been waived and/or expenses reimbursed, returns would have been lower.
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.
The contingent deferred sales charge (CDSC) on Class B shares declines from 5% beginning at the time of purchase to zero at the beginning of the seventh year. Performance shown at NAV does not include sales charges, which would have reduced the performance.
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.
Class R share returns do not include a 0.75% CDSC that may be imposed on a total redemption of retirement plan assets within the first year. The Class R shares have no sales charge; therefore, performance is at NAV. Class R shares are available only to certain retirement plans and IRAs. Please see theprospectusfor more information.
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
-1.01%
4.39%
13.86%
13.93%
N/A
N/A
N/A
N/A
-4.54%
A Cum. (Load)
5.50%
-6.49%
-1.35%
7.59%
7.68%
N/A
N/A
N/A
N/A
-9.76%
A Ann. (NAV)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-1.68%
A Ann. (Load)
5.50%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-3.67%
B Cum. (NAV)
N/A
-1.02%
4.19%
13.12%
13.05%
N/A
N/A
N/A
N/A
-6.47%
B Cum. (Load)
5.00% (CDSC)
-5.97%
-0.81%
8.12%
8.05%
N/A
N/A
N/A
N/A
-9.08%
B Ann. (NAV)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-2.40%
B Ann. (Load)
5.00% (CDSC)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-3.40%
C Cum. (NAV)
N/A
-1.02%
4.18%
13.10%
13.18%
N/A
N/A
N/A
N/A
-6.37%
C Cum. (Load)
1.00% (CDSC)
-2.01%
3.18%
12.10%
12.18%
N/A
N/A
N/A
N/A
-6.37%
C Ann. (NAV)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-2.37%
C Ann. (Load)
1.00% (CDSC)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-2.37%
Class
Sales Charge
1 Mo.
3 Mo.
YTD
1 Yr.
3 Yr.
5 Yr.
10 Yr.
15 Yr.
Since Incept.
R Cum. (NAV)
N/A
-0.90%
4.28%
13.60%
13.71%
N/A
N/A
N/A
N/A
-5.09%
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
N/A
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
Y Cum. (NAV)
N/A
-1.01%
4.38%
13.97%
14.26%
N/A
N/A
N/A
N/A
-4.26%
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
N/A
N/A
N/A
N/A
-1.57%
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: Custom Balanced-Risk Retirement 2010 Index
N/A
-0.59%
4.40%
13.17%
15.40%
N/A
N/A
N/A
N/A
Ann. Style-Specific: Custom Balanced-Risk Retirement 2010 Index
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.
On Nov. 4, 2009, AIM Independence 2010 Fund was renamed AIM Balanced-Risk Retirement 2010 Fund.
Each fund pursues its investment objective by investing its assets in underlying funds rather than investing directly in stocks, bonds, cash or other investments. Each fund's investment performance depends on the investment performance of the underlying funds in which it invests. An investment in a fund, because it is a fund of funds, is subject to the risks associated with investments in the underlying funds in which the fund invests. Each fund will indirectly pay a proportional share of the asset-based fees of the underlying funds in which it invests. There is a risk that the adviser's evaluations and assumptions regarding a fund's broad asset classes or the underlying funds in which a fund invests may be incorrect based on actual market conditions. In addition, at times the segment of the market represented by an underlying fund may be out of favor and underperform other segments (e.g., growth stocks). There is a risk that a fund will vary from the target weightings in the underlying funds due to factors such as market fluctuations. There can be no assurance that the underlying funds will achieve their investment objectives, and the performance of the underlying funds may be lower than the asset class which they were selected to represent. The underlying funds may change their investment objectives or policies without the approval of the fund. If that were to occur, a fund might be forced to withdraw its investment from the underlying fund at a time that is unfavorable to the fund. The adviser has the ability to select and substitute the underlying funds in which the funds invest, and may be subject to potential conflicts of interest in selecting underlying funds because the adviser and an affiliate of the adviser, may receive higher fees from certain underlying funds than others. However, as a fiduciary to each fund, the adviser is required to act in the funds' best interest when selecting underlying funds.
The prices of securities held by the fund may decline in response to market risks.
An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corp. or any other government agency and is not a deposit or other obligation of, or guaranteed by, a depository institution. Although the fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the fund.
Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa.
Credit risk is the risk of loss on an investment due to the deterioration of an issuer's financial health. Such a deterioration of financial health may result in a reduction of the credit rating of the issuer's securities and may lead to the issuer's inability to honor its contractual obligations, including making timely payment of interest and principal.
The fund may invest in obligations issued by agencies and instrumentalities of the U.S. government that may vary in the level of support they receive from the U.S. government. The U.S. government may choose not to provide financial support to U.S.-government-sponsored agencies or instrumentalities if it is not legally obligated to do so. In this case, if the issuer defaulted, the fund holding securities of such issuer might not be able to recover its investment from the U.S. government.
The value of, payment of interest on and repayment of principal for the fund as well as the fund's ability to sell a municipal security may be affected by constitutional amendments, legislative enactments, executive orders, administrative regulations, voter initiatives and the economics of the regions in which the fund invests.
If the seller of a repurchase agreement in which the fund invests defaults on its obligation or declares bankruptcy, the fund may experience delays in selling the securities underlying the repurchase agreement.
To the extent the fund is concentrated in securities of issuers in the banking and financial services industries, the fund's performance will depend to a greater extent on the overall condition of those industries. The value of these securities can be sensitive to changes in government regulation, interest rates and economic downturns in the U.S. and abroad.
Foreign securities have additional risks, including exchange rate changes, political and economic upheaval, relative lack of information, relatively low market liquidity, and the potential lack of strict financial and accounting controls and standards.
Investing in developing countries can add additional risk, such as high rates of inflation or sharply devalued currencies against the U.S. dollar. Transaction costs are often higher, and there may be delays in settlement procedures.
The fund or subsidiary may invest in commodity-linked derivative investments that may be subject to greater volatility than investments in traditional securities.
The fund is indirectly exposed to the risks associated with the subsidiary's investments. The subsidiary is not registered under the 1940 Act and may not be subject to all investor protections under the Act. Accordingly, the fund will not have all protections afforded to investors in registered investment companies.
The fund may use enhanced investment techniques such as derivatives. The principal risk of derivatives is that the fluctuations in their values may not correlate perfectly with the overall securities markets. Derivatives are subject to counterparty risk - the risk that the other party will not complete the transaction with the fund.
The fund may use enhanced investment techniques such as leverage, which entails risks such as magnifying changes in the value (both positive and negative) of the portfolio's securities. Individually negotiated, or over the counter, derivatives are subject to counterparty risk, which is the risk the other party to the contract will not fulfill its contractual obligation to complete the transaction with the fund.
The fund is subject to currency/exchange rate risk because it may buy or sell currencies other than the U.S. dollar.
Since a large percentage of the fund's assets may be invested in securities of a limited number of companies, each investment has a greater effect on the fund's overall performance, and any change in the value of those securities could significantly affect the value of an investment in the fund.
There is no guarantee that the investment techniques and risk analysis used by the fund's portfolio managers will produce the desired results.
Nondiversification increases the risk that the value of the fund's shares may vary more widely, and the fund may be subject to greater investment and credit risk than if it invested more broadly.
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.
6.02