The fund's investment objectives are long-term capital appreciation and current income.
Strategy
The fund invests in stocks that generate strong cash flow and are available at attractive valuations.
The map illustrates areas in which the fund typically invests, not necessarily within a limited period of time. This fund is not classified with regard to one primary bond quality.
Fiscal Year End - An accounting period covering 12 consecutive months or 365 days. It may or may not be the same as the calendar year. Geographic Type - Geographic area that the portfolio securities are located. Inception Date - The date the Fund commenced operations. Minimum Initial Investment - Minimum dollar amount that may be used to open a fund account. Nasdaq - These are the letters that identify the fund for trading purposes. NAV - The dollar value of a single mutual fund share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day. Subsequent Invest. Min. - Minimum dollar amount that may be subsequently invested into an existing fund account.
Expense Ratio Per Prospectus
Class Y
Management Fee
0.70
12b-1 Fee
N/A
Other Expenses
0.21
Interest/Dividend Exp.
0.00
Total Other Expenses
0.21
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses)
0.00
Total Annual Fund Operating Expenses
0.91
Contractual Waivers/Reimbursements
N/A
Net Expenses - PER PROSPECTUS
0.91
Additional Waivers/Reimbursements
0.00
This information is updated per the most recent prospectus.
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.
Y Cum. (NAV)
N/A
3.00%
13.47%
20.48%
-4.42%
-7.35%
N/A
N/A
N/A
-1.97%
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
-2.51%
N/A
N/A
N/A
-0.52%
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. Broad-Based: S&P 500 Reinvested IX
N/A
3.73%
15.59%
19.27%
-6.91%
-15.42%
5.18%
-1.53%
200.82%
Ann. Broad-Based: S&P 500 Reinvested IX
N/A
N/A
N/A
N/A
N/A
-5.43%
1.01%
-0.15%
7.62%
Broad-Based Source: Lipper Inc.
The returns for the period prior to September 21, 2009, are those of Institutional Class shares of the Atlantic Whitehall Equity Income Fund (the "predecessor fund"), which are not offered by the fund. The predecessor fund was advised by Stein Roe Investment Counsel, Inc. The predecessor fund was reorganized into Class Y shares of AIM Disciplined Equity Fund on September 21, 2009. Class Y share returns will be different from the predecessor fund as they have different expenses.
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.
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.
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.
Y Cum. (NAV)
N/A
-1.40%
4.96%
18.79%
12.73%
-11.00%
N/A
N/A
N/A
-3.34%
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
-3.81%
N/A
N/A
N/A
-0.86%
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. Broad-Based: S&P 500 Reinvested IX
N/A
-1.85%
5.48%
17.06%
9.80%
-19.60%
1.67%
-9.10%
188.76%
Ann. Broad-Based: S&P 500 Reinvested IX
N/A
N/A
N/A
N/A
N/A
-7.02%
0.33%
-0.95%
7.33%
Broad-Based Source: Lipper Inc.
Distribution History The fund pays dividends
Annually.
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.
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. Convertible Preferred - Corporate securities that are exchangeable for a set number of common stock at a prestated price. Corporate Bonds - Debt instruments issued by a private corporation. Govt. Agency - Debt instruments issued by federal agencies not directly backed by the U.S. Government. Govt. Bonds - Debt instruments issued by the Government. Backed by the full faith and credit of the U.S. Government. 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.
Net Assets as of date:
10/31/2009
Class Y
$166,894,693
All Classes
$166,894,693
This total may include shares that are not displayed.
*The holdings are organized according to the Global Industry Classification Standard,
which was developed by and is the exclusive property and a service mark of
Morgan Stanley Capital International Inc. and Standard & Poor's.
Sector Breakdown*
as of date: 10/31/2009
% of Equity
Consumer Discretionary
10.6%
Consumer Staples
14.4%
Energy
5.4%
Financials
11.4%
Health Care
14.6%
Industrials
8.4%
Information Technology
18.7%
Materials
4.5%
Telecommunication Services
2.9%
Utilities
9.1%
Market Cap Statistics as of date:
10/31/2009
Med Mkt Cap MM$
$24,113
Wghtd Med Mkt Cap MM$
$30,165
Avg Mkt Cap MM$
$46,233
Wghtd Avg Mkt Cap MM$
$54,110
Market capitalization is determined by multiplying the company's total outstanding shares by the current market price of the share.
MPT Statistics
as of date: 10/31/2009 Based on A shares
3 Year Sharpe Ratio
-0.32
3 Year Standard Deviation
18.98
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)
S&P 500 Reinvested IX
(vs. Style Specific Benchmark)
N/A
3 Year Alpha
3.01%
3 Year Alpha
N/A
3 Year Beta
0.96
3 Year Beta
N/A
3 Year R-Squared
0.98
3 Year R-Squared
N/A
Source: Lipper Inc.
Source: N/A
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.
Morningstar Market Cap as of date:
10/31/2009
Giant
38.94
Large
42.15
Mid
18.92
Small
0.00
Microcap
0.00
Market capitalization is determined by multiplying the company's total outstanding shares by the current market price of the share.
Securities are grouped into Giant, Large, Mid, Small, or Microcap depending on the company's region and the market capitalization breakpoints within that region.
Sources: Invesco Aim, S&P Compustat, Thomson Financial, Morningstar Inc.
Lipper Market Cap as of date:
10/31/2009
Large
81.09
Mid
15.32
Small
3.59
Market capitalization is determined by multiplying the company's total outstanding shares by the current market price of the share.
Securities are grouped into Large, Mid or Small depending on the fund's region and the market capitalization breakpoints within that region.
Sources: Invesco Aim, S&P Compustat, Thomson Financial, Lipper Inc.
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.
Foreign securities have additional risks including exchange rate changes, political and economic upheaval, the relative lack of information, relatively low market liquidity and the potential lack of strict financial and accounting controls and standards. Additionally, investing in a fund that invests in smaller companies involves risks not associated with investing in more established companies, such as business risk, stock price fluctuations and illiquidity.
Interest rate risk refers to the risk that bond prices generally fall as interest rate rise and vice versa.
Stocks fall into three broad market capitalization categories - large, medium, and small. Investing primarily in one category carries the risk that, due to current market conditions, that category may be out of favor with investors. Small and mid-sized companies may tend to be more vulnerable to adverse developments and more volatile than larger companies. Investments in small and mid-sized companies may involve special risks, including those associated with dependence on a small management group, little of no operating history, little or no track record of success, and limited product lines, market and financial resources. Also, there may be less publicly available information about the issuers of the securities or less market interest in such securities than in the case of larger companies, each of which can cause significant price volatility. The securities of small and mid-sized companies may be illiquid, restricted as to resale, or may trade less frequently and in smaller volume than more widely held securities, which may make it difficult for fund to establish or close out a position in these securities at prevailing market prices.
The prices of and the income generated by securities held by the fund may decline in response to certain events, including those directly involving the companies whose securities are owned by the fund; general economic and market conditions; regional or global economic instability; and currency and interest rate fluctuations.
The prices of equity securities change in response to many factors including the historical and prospective earnings of the issuer, the value of its assets, general economic conditions, interest rates, investor perceptions, and market liquidity.
The values of convertible securities in which the fund invests may be affected by market interest rates, the risk that the issuer may default on interest or principal payments, and the value of the underlying common stock into which these securities may be converted.
There is no guarantee that the investment techniques and rish analyses used by the fund's portfolio managers will produce the desired results.
Value stocks can react differently to issuer, political, market and economic developments than the market as a whole and other types of stocks. In addition, market performance tends to be cyclical and, during various cycles, value stocks may be out-of-favor with many investors and can continue to be undervalued for long periods of time and may not ever realize their full value.
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.
