Invesco AimSM Announces Shareholder Approval of Changes to the Structure of AIM Independence Funds

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Thu Oct 29, 2009 12:31pm EDT

AIM Balanced-Risk Retirement Funds Provide New Options for Investors 
HOUSTON--(Business Wire)--
Invesco Aim announced today that shareholders of the AIM Independence Funds have
approved changing the funds` sub-classification from diversified to
non-diversified and approved the elimination of a related fundamental investment
restriction. 

Effective Nov. 4, 2009, the AIM Independence Funds, Invesco Aim`s target-date
funds, will be renamed AIM Balanced-Risk Retirement Funds. The underlying
investments will change from a mix of AIM mutual funds and Invesco PowerShares
exchange-traded funds to a combination of the AIM Balanced-Risk Allocation Fund
and cash or 100% AIM Balanced-Risk Allocation Fund. In addition, the portfolio
management team, glide path and investment objectives and strategies will
change. The rebalance strategy will change from annually to monthly. 

"By leveraging the asset allocation capabilities of the AIM Balanced-Risk
Allocation Fund, we believe the AIM Balanced-Risk Retirement Funds now offer
investors in target-date funds a unique combination of potential benefits," said
Philip Taylor, Senior Managing Director of Invesco and Head of Invesco`s North
American Retail business, including Invesco Aim. 

Invesco`s Global Asset Allocation Group will manage the AIM Balanced-Risk
Retirement Funds. The funds` management team will be led by Scott Wolle, Chief
Investment Officer of Invesco`s Global Asset Allocation Group. Mr. Wolle has
been with Invesco since 1999 and has 18 years of investment experience. He will
be assisted on the funds by portfolio managers Mark Ahnrud, Chris Devine, Scott
Hixon and Christian Ulrich, each of whom has more than 13 years of investment
experience. 

"We believe that one way to maximize long-term wealth is to invest in a strategy
that targets consistent returns in any market environment and seeks to avoid the
large drawdowns that can result from over-concentration of risk," Mr. Wolle
said. 

Relative to traditional balanced funds, Invesco Aim`s new target-date fund
structure seeks to provide more consistent returns over time and greater
downside protection during challenging markets. The new glide path (the rate at
which the asset mix changes as the fund nears the defined target date, indicated
by the year in the fund`s name) is designed to meet the retirement savings needs
of investors and protect their assets from significant losses which can
negatively impact investors` ability to achieve their retirement goals. 

During an investor`s asset accumulation phase, the AIM Balanced-Risk Retirement
Funds will invest 100% of their assets in the AIM Balanced-Risk Allocation Fund.
Ten years prior to each fund`s target retirement date, each fund will begin
transitioning from an accumulation strategy to a capital preservation and real
return strategy by reducing the allocation to AIM Balanced-Risk Allocation Fund
and adding cash. Once the fund reaches its target retirement date, the fund`s
asset allocation is anticipated to become a static allocation of 60% AIM
Balanced-Risk Allocation Fund and 40% in two affiliated money market funds. At
the target retirement date, the fund will follow a real return strategy designed
to protect against loss of capital, inflation and longevity risk. 

The AIM Balanced-Risk Retirement 2010, 2020, 2030, 2040 and 2050 funds are
designed for investors whose target retirement date is in or about the year
stated in the fund name and the point in which they would stop making new
investments in the fund. Consistent with each fund`s final target allocation and
its resulting real return and capital preservation objectives, each fund is
designed for investors who expect to need all or most of their money in the fund
at its target date and for investors who plan to withdraw the value of their
account in the fund gradually after retirement, in or about the year stated in
the fund name. 

Consistent with the AIM Balanced-Risk Retirement Now Fund`s real return and
capital preservation objectives, the fund is designed for investors who expect
to need all or most of their money in the fund at retirement and for investors
who plan to withdraw the value of their account in the fund gradually after
retirement. 

It`s important to note that investing in any of the AIM Balanced-Risk Retirement
Funds does not offer a guarantee of the principal amount invested at any point
during the life of the investment. 

Risks of Investing in AIM Balanced-Risk Allocation Fund

Derivatives - The fund may use derivatives as a substitute for purchasing the
underlying asset or as a hedge in an effort to reduce exposure to risks. Use of
derivatives involves risks similar to, as well as risks different from, and
possibly greater than, the risks associated with investing directly in
securities or more traditional instruments. Derivatives may also be more
difficult to purchase or sell or value than other investments and is subject to
counterparty risk - the risk that the other party will not complete the
transaction with the fund. A fund investing in a derivative could lose more than
the cash amount invested. 

Leverage - The fund may use enhanced investment techniques such as leverage.
Leveraging entails risks such as magnifying changes in the value (both positive
and negative) of the portfolio`s securities. 

Interest Rate Risk - Interest rate risk refers to the risk that bond prices
generally fall as interest rate rise and vice versa. 

Credit Risk - Credit risk is the risk of loss on an investment due to the
deterioration of an issuer`s financial health. Such deterioration may lead to
the issuer`s inability to honor its contractual obligation, including timely
payments of interest and principal. 

Foreign & Developing Markets Securities Risk - Foreign and Developing Markets
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. 

Commodity Risk - The fund or the Subsidiary may invest in commodity-linked
derivative instruments that may be subject to greater volatility than
investments in traditional securities. 

Subsidiary Risk - 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 the investor protections under the Act.
Accordingly, the fund will not have all the protections offered to investors in
registered investment companies. 

Currency/Exchange Rate Risk - The fund is subject to currency/exchange rate risk
because it may buy or sell currencies other than the U.S. dollar. 

Limited Number of Holdings/Non-Diversification Risk -The value of the fund`s
shares may be subject to greater volatility, market, and credit risk. Because a
large percentage of the fund`s assets may be invested in a limited number of
holdings, a change in value of these holdings could significantly affect the
value of your investments in the fund. 

Risks of Investing in a Money Market Fund

An investment in a money market fund is not insured or guaranteed by the Federal
Deposit Insurance Corporation or any other government agency. Although the fund
seeks to preserve the value of your investment at $1.00 per share, it is
possible to lose money by investing in the fund.

About Invesco Aim

Invesco Aim is dedicated to building solutions for its clients with exceptional
products and services through multiple investment management styles and a broad
range of investment portfolios - mutual funds, exchange-traded funds, retirement
products, separately managed accounts for high-net-worth and institutional
investors, annuities, cash management, college savings plans and offshore
products. For more information, visit www.invescoaim.com. 

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. It is anticipated that on or about the end of the
fourth quarter of 2009, Invesco Aim Advisers, Inc., Invesco Aim Capital
Management, Inc., Invesco Aim Private Asset Management, Inc. and Invesco Global
Asset Management (N.A.), Inc. will be merged into Invesco Institutional (N.A.),
Inc., and the consolidated adviser firm will be renamed Invesco Advisers, Inc.
Additional information will be posted at www.invescoaim.com on or about the end
of the fourth quarter of 2009. 

About Invesco

Invesco is a leading independent global investment management company, dedicated
to helping people worldwide build their financial security. By delivering the
combined power of our distinctive worldwide investment management capabilities,
Invesco provides a comprehensive array of enduring investment solutions for
retail, institutional and high-net-worth clients around the world. Operating in
20 countries, the company is listed on the New York Stock Exchange under the
symbol IVZ. Additional information is available at www.invesco.com. 

Consider the investment objectives, risks, and charges and expenses carefully
before investing. For this and other important information about any AIM fund,
please obtain a prospectus from your financial advisor and read it carefully
before investing.

Invesco Aim Distributors, Inc. 

-Invesco Aim-

Invesco Aim
David Bachert, 713-214-1465
david.bachert@invescoaim.com
or
Ivy McLemore, 713-214-1904
ivy.mclemore@invescoaim.com

Copyright Business Wire 2009

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