The fund's investment objective is to achieve maximum total return consistent with preservation of capital.
Strategy
The fund invests in a diversified portfolio of investment-grade, fixed-income securities.
The map illustrates areas in which the fund typically invests,
not necessarily within a limitedperiod 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
1.29%
5.33%
5.09%
3.62%
1.46%
8.31%
N/A
N/A
28.04%
A Cum. (Load)
4.75%
-3.51%
0.31%
0.09%
-1.33%
-3.39%
3.15%
N/A
N/A
21.94%
A Ann. (NAV)
N/A
N/A
N/A
N/A
N/A
0.48%
1.61%
N/A
N/A
3.24%
A Ann. (Load)
4.75%
N/A
N/A
N/A
N/A
-1.14%
0.62%
N/A
N/A
2.59%
B Cum. (NAV)
N/A
1.11%
5.14%
4.50%
2.84%
-0.81%
4.31%
N/A
N/A
20.83%
B Cum. (Load)
5.00% (CDSC)
-3.89%
0.14%
-0.50%
-2.02%
-3.33%
2.66%
N/A
N/A
20.83%
B Ann. (NAV)
N/A
N/A
N/A
N/A
N/A
-0.27%
0.85%
N/A
N/A
2.47%
B Ann. (Load)
5.00% (CDSC)
N/A
N/A
N/A
N/A
-1.12%
0.53%
N/A
N/A
2.47%
C Cum. (NAV)
N/A
1.22%
5.14%
4.50%
2.84%
-0.81%
4.31%
N/A
N/A
20.83%
C Cum. (Load)
1.00% (CDSC)
0.22%
4.14%
3.50%
1.87%
-0.81%
4.31%
N/A
N/A
20.83%
C Ann. (NAV)
N/A
N/A
N/A
N/A
N/A
-0.27%
0.85%
N/A
N/A
2.47%
C Ann. (Load)
1.00% (CDSC)
N/A
N/A
N/A
N/A
-0.27%
0.85%
N/A
N/A
2.47%
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
1.15%
5.27%
4.89%
3.36%
0.68%
6.83%
N/A
N/A
25.73%
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
0.23%
1.33%
N/A
N/A
3.00%
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
1.19%
5.39%
5.16%
3.81%
1.64%
8.51%
N/A
N/A
28.27%
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
0.54%
1.65%
N/A
N/A
3.27%
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: 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: Barclays Capital US Aggregate TR
N/A
1.05%
3.74%
5.72%
10.56%
20.48%
28.39%
84.15%
168.57%
Ann. Style-Specific: Barclays Capital US Aggregate TR
N/A
N/A
N/A
N/A
N/A
6.41%
5.13%
6.30%
6.81%
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.
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.
Class R share's inception date is April 30, 2004; returns since that date are historical returns. All other returns are blended returns of historical Class R share performance and restated Class A share performance (for periods prior to the inception date of Class R shares) at net asset value, adjusted to reflect the higher Rule 12b-1 fees applicable to Class R shares. Class A shares inception date as noted in table.
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.
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.
Had fees not been waived and/or expenses reimbursed on Class A shares, returns would have been lower.
Had fees not been waived and/or expenses reimbursed on Class B shares, returns would have been lower.
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 on Class R shares, returns would have been lower.
Had fees not been waived and/or expenses reimbursed on Class Y shares, 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
1.20%
3.71%
6.35%
9.54%
2.12%
8.73%
N/A
N/A
29.57%
A Cum. (Load)
4.75%
-3.56%
-1.24%
1.30%
4.39%
-2.75%
3.58%
N/A
N/A
23.40%
A Ann. (NAV)
N/A
N/A
N/A
N/A
N/A
0.70%
1.69%
N/A
N/A
3.36%
A Ann. (Load)
4.75%
N/A
N/A
N/A
N/A
-0.93%
0.71%
N/A
N/A
2.72%
B Cum. (NAV)
N/A
1.14%
3.52%
5.68%
8.72%
-0.16%
4.72%
N/A
N/A
22.20%
B Cum. (Load)
5.00% (CDSC)
-3.86%
-1.48%
0.68%
3.72%
-2.70%
3.07%
N/A
N/A
22.20%
B Ann. (NAV)
N/A
N/A
N/A
N/A
N/A
-0.05%
0.93%
N/A
N/A
2.59%
B Ann. (Load)
5.00% (CDSC)
N/A
N/A
N/A
N/A
-0.91%
0.61%
N/A
N/A
2.59%
C Cum. (NAV)
N/A
1.14%
3.52%
5.69%
8.72%
-0.16%
4.72%
N/A
N/A
22.21%
C Cum. (Load)
1.00% (CDSC)
0.14%
2.52%
4.69%
7.72%
-0.16%
4.72%
N/A
N/A
22.21%
C Ann. (NAV)
N/A
N/A
N/A
N/A
N/A
-0.05%
0.93%
N/A
N/A
2.59%
C Ann. (Load)
1.00% (CDSC)
N/A
N/A
N/A
N/A
-0.05%
0.93%
N/A
N/A
2.59%
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
1.18%
3.65%
6.13%
9.27%
1.43%
7.25%
N/A
N/A
27.21%
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
0.48%
1.41%
N/A
N/A
3.12%
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
1.33%
3.89%
6.56%
9.94%
2.45%
9.07%
N/A
N/A
29.98%
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
0.81%
1.75%
N/A
N/A
3.40%
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: Barclays Capital US Aggregate TR
N/A
0.49%
2.60%
6.24%
13.79%
20.28%
27.95%
84.38%
170.14%
Ann. Style-Specific: Barclays Capital US Aggregate TR
N/A
N/A
N/A
N/A
N/A
6.35%
5.05%
6.31%
6.85%
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.
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
$77,510,694
Class B
$20,522,692
Class C
$20,325,277
Class R
$1,702,444
Class Y
$896,099
All Classes
$349,065,932
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
FH GOLD #G04445
5.500%
06/01/2038
6.90%
2
U.S. TREASURY NOTES
2.250%
05/31/2014
5.58%
3
U.S. TREASURY BONDS
5.375%
02/15/2031
4.41%
4
U.S. TREASURY NOTES
4.500%
04/30/2012
3.38%
5
FH GOLD TBA 5.0 11/01/2039
5.000%
11/01/2039
3.27%
6
FNMA TBA 5.00 11/01/2039
5.000%
11/01/2039
3.12%
7
FNMA TBA 6.0 11/01/2039
6.000%
11/01/2039
2.74%
8
FNMA TBA 4.5 11/01/2024
4.500%
11/01/2024
2.53%
9
FH GOLD TBA 4.5% 11/01/2039
4.500%
11/01/2039
2.46%
10
FNMA TBA 4.5 11/01/2039
4.500%
11/01/2039
2.41%
Holdings are subject to change.
MPT Statistics
as of date: 10/31/2009 Based on A shares
3 Year Sharpe Ratio
-0.25
3 Year Standard Deviation
6.09
5 Year Standard Deviation
4.96
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)
Barclays Capital US Aggregate TR
3 Year Alpha
-5.40%
3 Year Alpha
-5.40%
3 Year Beta
1.04
3 Year Beta
1.04
3 Year R-Squared
0.50
3 Year R-Squared
0.50
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.
The fund can invest up to 25% of its assets in foreign securities that present risks not associated with investing solely in the United States.
The fund can invest a portion of its assets in mortgage-backed securities, which may lose value if mortgages are prepaid in response to falling interest rates.
The fund invests in securities issued or backed by the U.S. government, its agencies or instrumentalities. They offer a high degree of safety, and in the case of government securities, are guaranteed as to timely payment of principal and interest if held to maturity. Fund shares are not insured, and their value or yield will vary with market conditions.
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.
0.81