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Quarterly Commentary
Portfolio managers' take on fund performance and outlook

Invesco Aim's portfolio managers invest all their intellectual capital into aligning fund performance with their investment philosophies and mandates.

You can learn more about your individual fund managers' views by reading quarterly commentaries using the links below.

The following documents are in PDF format.

Fund Name Update
Asset Allocation Funds - Target Risk
AIM Conservative Allocation Fund 09/30/2009
AIM Growth Allocation Fund 09/30/2009
AIM Moderate Allocation Fund 09/30/2009
AIM Moderate Growth Allocation Fund 09/30/2009
AIM Moderately Conservative Allocation Fund 09/30/2009
Asset Allocation Funds - Target Maturity
AIM Balanced-Risk Retirement 2010 Fund 09/30/2009
AIM Balanced-Risk Retirement 2020 Fund 09/30/2009
AIM Balanced-Risk Retirement 2030 Fund 09/30/2009
AIM Balanced-Risk Retirement 2040 Fund 09/30/2009
AIM Balanced-Risk Retirement 2050 Fund 09/30/2009
AIM Balanced-Risk Retirement Now Fund 09/30/2009
Asset Allocation Funds - Balanced-Risk
AIM Balanced-Risk Allocation Fund 09/30/2009
Diversified Portfolios
AIM Income Allocation Fund 09/30/2009
AIM International Allocation Fund 09/30/2009
Domestic Equity
AIM Basic Balanced Fund 09/30/2009
AIM Basic Value Fund 09/30/2009
AIM Capital Development Fund 09/30/2009
AIM Charter Fund 09/30/2009
AIM Constellation Fund 09/30/2009
AIM Diversified Dividend Fund 09/30/2009
AIM Dynamics Fund 09/30/2009
AIM Large Cap Basic Value Fund 09/30/2009
AIM Large Cap Growth Fund 09/30/2009
AIM Mid Cap Basic Value Fund 09/30/2009
AIM Mid Cap Core Equity Fund 09/30/2009
AIM Select Equity Fund 09/30/2009
AIM Small Cap Equity Fund 09/30/2009
AIM Small Cap Growth Fund1 09/30/2009
AIM Structured Core Fund 09/30/2009
AIM Structured Growth Fund 09/30/2009
AIM Structured Value Fund 09/30/2009
AIM Summit Fund 09/30/2009
AIM Trimark Endeavor Fund 09/30/2009
AIM Trimark Small Companies Fund 09/30/2009
International/Global Equity Funds
AIM Asia Pacific Growth Fund 09/30/2009
AIM China Fund 09/30/2009
AIM Developing Markets Fund 09/30/2009
AIM European Growth Fund 09/30/2009
AIM European Small Company Fund 09/30/2009
AIM Global Core Equity Fund 09/30/2009
AIM Global Equity Fund 09/30/2009
AIM Global Growth Fund 09/30/2009
AIM Global Small & Mid Cap Growth Fund 09/30/2009
AIM International Core Equity Fund 09/30/2009
AIM International Growth Fund 09/30/2009
AIM International Small Company Fund 09/30/2009
AIM Japan Fund 09/30/2009
AIM Trimark Fund 09/30/2009
Sector Equity Funds
AIM Energy Fund 09/30/2009
AIM Financial Services Fund 09/30/2009
AIM Global Health Care Fund 09/30/2009
AIM Global Real Estate Fund 09/30/2009
AIM Gold & Precious Metals Fund 09/30/2009
AIM Leisure Fund 09/30/2009
AIM Multi-Sector Fund 09/30/2009
AIM Real Estate Fund 09/30/2009
AIM Select Real Estate Income Fund 09/30/2009
AIM Technology Fund 09/30/2009
AIM Utilities Fund 09/30/2009
Taxable Fixed-Income Funds
AIM Core Bond Fund 09/30/2009
AIM Core Plus Bond Fund 09/30/2009
AIM Floating Rate Fund 09/30/2009
AIM High Yield Fund 09/30/2009
AIM Income Fund 09/30/2009
AIM International Total Return Fund 09/30/2009
AIM LIBOR Alpha Fund 09/30/2009
AIM Limited Maturity Treasury Fund 09/30/2009
AIM Short Term Bond Fund 09/30/2009
AIM U.S. Government Fund 09/30/2009
Tax-Free Fixed-Income Funds
AIM High Income Municipal Fund 09/30/2009
AIM Municipal Bond Fund 09/30/2009
AIM Tax-Free Intermediate Fund 09/30/2009
Money Market
AIM Money Market Fund 09/30/2009
AIM Tax-Exempt Cash Fund 09/30/2009

1The fund has limited public sales of its shares to certain investors. For more information on who may continue to invest in the fund, please see the prospectus.
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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.

Invesco Aim Distributors, Inc. 11/2009

© 2009 Invesco Aim Management Group, Inc. All rights reserved.