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Securities Act Registration No.
Pre-effective Amendment No. o | Post-effective Amendment No.o |
Houston, TX 77046
(Address of Principal Executive Offices)
(Registrant’s Telephone Number, including Area Code)
11 Greenway Plaza, Suite 100, Houston, TX 77046
(Name and Address of Agent for Service of Process)
MELANIE RINGOLD, ESQUIRE | E. CAROLAN BERKLEY, ESQUIRE | ||
Invesco Advisers, Inc. | Stradley Ronon Stevens and Young, LLP | ||
11 Greenway Plaza, Suite 100 | 2600 One Commerce Square | ||
Houston, TX 77046 | Philadelphia, PA 19103 |
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New York, New York 10036
(800)231-2808
President
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New York, New York 10036
(800)231-2808
To Be Held on , 2010
VK FUND | ACQUIRING FUND | |
Van Kampen In Retirement Strategy Fund | AIM Balanced-Risk Retirement Now Fund | |
Van Kampen Retirement 2010 Strategy Fund | AIM Balanced-Risk Retirement 2010 Fund | |
Van Kampen Retirement 2015 Strategy Fund | AIM Balanced-Risk Retirement 2010 Fund | |
Van Kampen Retirement 2020 Strategy Fund | AIM Balanced-Risk Retirement 2020 Fund | |
Van Kampen Retirement 2025 Strategy Fund | AIM Balanced-Risk Retirement 2020 Fund | |
Van Kampen Retirement 2030 Strategy Fund | AIM Balanced-Risk Retirement 2030 Fund | |
Van Kampen Retirement 2035 Strategy Fund | AIM Balanced-Risk Retirement 2030 Fund | |
Van Kampen Retirement 2040 Strategy Fund | AIM Balanced-Risk Retirement 2040 Fund | |
Van Kampen Retirement 2045 Strategy Fund | AIM Balanced-Risk Retirement 2040 Fund | |
Van Kampen Retirement 2050 Strategy Fund | AIM Balanced-Risk Retirement 2050 Fund |
Vice President and Secretary
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AND VOTE ON THE PROPOSAL
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VK FUND | ACQUIRING FUND | |
Van Kampen In Retirement Strategy Fund | AIM Balanced-Risk Retirement Now Fund | |
Van Kampen Retirement 2010 Strategy Fund | AIM Balanced-Risk Retirement 2010 Fund | |
Van Kampen Retirement 2015 Strategy Fund | AIM Balanced-Risk Retirement 2010 Fund | |
Van Kampen Retirement 2020 Strategy Fund | AIM Balanced-Risk Retirement 2020 Fund | |
Van Kampen Retirement 2025 Strategy Fund | AIM Balanced-Risk Retirement 2020 Fund | |
Van Kampen Retirement 2030 Strategy Fund | AIM Balanced-Risk Retirement 2030 Fund | |
Van Kampen Retirement 2035 Strategy Fund | AIM Balanced-Risk Retirement 2030 Fund | |
Van Kampen Retirement 2040 Strategy Fund | AIM Balanced-Risk Retirement 2040 Fund | |
Van Kampen Retirement 2045 Strategy Fund | AIM Balanced-Risk Retirement 2040 Fund | |
Van Kampen Retirement 2050 Strategy Fund | AIM Balanced-Risk Retirement 2050 Fund |
Q/A-2
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Q/A-3
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• | Voting in Person: If you attend the Meeting, were the record owner of your shares on the Record Date (as defined in the Proxy Statement/Prospectus), and wish to vote in person, we will provide you with a ballot prior to the vote. However, if your shares were held in the name of your broker, bank or other nominee, you are required to bring a letter from the nominee indicating that you are the beneficial owner of the shares on the Record Date and authorizing you to vote. | |
• | Voting by Proxy: Whether or not you plan to attend the Meeting, we urge you to complete, sign and date the enclosed proxy card and to return it promptly in the envelope provided. Returning the proxy card will not affect your right to attend the Meeting and vote. If you properly fill in and sign your proxy card and send it to us in time to vote at the Meeting, your “proxy” (the individuals named on your proxy card) will vote your shares as you have directed. If you sign your proxy card but do not make specific choices, your proxy will vote your shares FOR the Proposal, as recommended by the Board, and in their best judgment on any other matters. Your proxy will have the authority to vote and act on your behalf at any adjournment of the Meeting. If you authorize a proxy to vote for you, you may revoke the authorization at any time before it is exercised by sending in another proxy card with a later date or by notifying the Secretary of the VK Trust in writing to the address of the VK Trust set forth on the cover page of the Proxy Statement/Prospectus before the Meeting that you have revoked your proxy. In addition, although merely attending the Meeting will not revoke your proxy, if you are present at the Meeting you may withdraw your proxy and vote in person. | |
• | Voting by Telephone or the Internet: You may vote your shares by telephone or through a website established for that purpose by following the instructions that appear on the proxy card accompanying the Proxy Statement/Prospectus. |
Q/A-4
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Q/A-5
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New York, NY 10036
(800)231-2808
Houston, TX 77046
(800)959-4246
, 2010
• | prior to the closing date of the Reorganization (“Closing Date”), each VK Fund will sell its portfolio holdings in exchange for cash; | ||
• | on Closing Date, each VK Fund will transfer all of its assets (consisting all or substantially all of cash) and liabilities to a corresponding Acquiring Fund in exchange for shares of the corresponding Acquiring Fund having equivalent value to the net assets transferred; | ||
• | the pro rata distribution of shares of the same or a comparable class of the Acquiring Fund to the shareholders of record of the VK Fund as of immediately prior to the opening of regular trading on the New York Stock Exchange (“Effective Time”) on the Closing Date and the termination of the outstanding shares of each VK Fund held by such shareholders, as permitted by the organizational documents of the VK Funds and applicable law; and | ||
• | the winding up of the affairs of each VK Fund and dissolution under applicable law and de-registration of the VK Fund under the Investment Company Act of 1940, as amended, (the “1940 Act”). |
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• | Prospectuses for the VK Funds and the Acquiring Funds; | ||
• | Annual and Semi-Annual Reports to shareholders of the VK Funds and the Acquiring Funds; and | ||
• | Statements of Additional Information (“SAIs”) for the VK Funds and the Acquiring Funds. |
For Van Kampen Funds Documents: | For Acquiring Funds Documents: | |
VAN KAMPEN RETIREMENT STRATEGY TRUST | AIM GROWTH SERIES | |
522 Fifth Avenue | 11 Greenway Plaza, Suite 100 | |
New York, New York 10036 | Houston, Texas 77046 | |
(800)231-2808 | (800)959-4246 |
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EX-99.17 |
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EXHIBIT A | VK Funds and Corresponding Acquiring Funds | |
EXHIBIT B | VK Funds’ Underlying Funds and Acquiring Funds’ AIM Balanced-Risk Allocation Fund | |
EXHIBIT C | Comparison of Fundamental Investment Limitations/Restrictions | |
EXHIBIT D | Expense Tables and Expense Examples | |
EXHIBIT E | Performance Information | |
EXHIBIT F | Form of Agreement and Plan of Reorganization | |
EXHIBIT G | Principal Risk Factors | |
EXHIBIT H | Outstanding Shares of the VK Funds | |
EXHIBIT I | Ownership of VK Funds | |
EXHIBIT J | Ownership of Acquiring Funds |
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APPROVAL OF AN AGREEMENT AND PLAN OF REORGANIZATION
VK FUND | ACQUIRING FUND | |
Van Kampen In Retirement Strategy Fund | AIM Balanced-Risk Retirement Now Fund | |
Van Kampen Retirement 2010 Strategy Fund | AIM Balanced-Risk Retirement 2010 Fund | |
Van Kampen Retirement 2015 Strategy Fund | AIM Balanced-Risk Retirement 2010 Fund | |
Van Kampen Retirement 2020 Strategy Fund | AIM Balanced-Risk Retirement 2020 Fund | |
Van Kampen Retirement 2025 Strategy Fund | AIM Balanced-Risk Retirement 2020 Fund | |
Van Kampen Retirement 2030 Strategy Fund | AIM Balanced-Risk Retirement 2030 Fund | |
Van Kampen Retirement 2035 Strategy Fund | AIM Balanced-Risk Retirement 2030 Fund | |
Van Kampen Retirement 2040 Strategy Fund | AIM Balanced-Risk Retirement 2040 Fund | |
Van Kampen Retirement 2045 Strategy Fund | AIM Balanced-Risk Retirement 2040 Fund | |
Van Kampen Retirement 2050 Strategy Fund | AIM Balanced-Risk Retirement 2050 Fund |
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Fixed Income Funds | Alternative | |||||||||||
Fund | Equity Funds | and Cash | Investment Funds | |||||||||
2010 | 46 | % | 51 | % | 3 | % | ||||||
2015 | 51 | % | 44 | % | 4 | % | ||||||
2020 | 58 | % | 36 | % | 6 | % | ||||||
2025 | 64 | % | 28 | % | 8 | % | ||||||
2030 | 71 | % | 19 | % | 10 | % | ||||||
2035 | 80 | % | 10 | % | 10 | % | ||||||
2040 | 80 | % | 10 | % | 10 | % |
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Fixed Income Funds | Alternative | |||||||||||
Fund | Equity Funds | and Cash | Investment Funds | |||||||||
2045 | 80 | % | 10 | % | 10 | % | ||||||
2050 | 80 | % | 10 | % | 10 | % | ||||||
VK In Retirement | 22 | % | 78 | % | 0 | % |
Balanced-Risk | Liquid Assets | |||||||||||
Fund | Allocation Fund | Portfolio | Premier Portfolio | |||||||||
2010 | 63.00 | % | 18.50 | % | 18.50 | % | ||||||
2020 | 100.00 | % | 0.00 | % | 0.00 | % | ||||||
2030 | 100.00 | % | 0.00 | % | 0.00 | % | ||||||
2040 | 100.00 | % | 0.00 | % | 0.00 | % | ||||||
2050 | 100.00 | % | 0.00 | % | 0.00 | % | ||||||
Retirement Now | 60.00 | % | 20.00 | % | 20.00 | % |
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10-50 Years From Retirement | 5 Years From Retirement | At Retirement Date | ||||||||||||||||||||||||||||||||||
Strategic | Strategic | Strategic | ||||||||||||||||||||||||||||||||||
Minimum | Allocation | Maximum | Minimum | Allocation | Maximum | Minimum | Allocation | Maximum | ||||||||||||||||||||||||||||
Equities | 15.8 | % | 29.6 | % | 62.5 | % | 12.6 | % | 23.7 | % | 50.0 | % | 9.5 | % | 17.8 | % | 37.5 | % | ||||||||||||||||||
Commodities | 13.7 | % | 20.8 | % | 35.6 | % | 11.0 | % | 17.4 | % | 28.5 | % | 8.2 | % | 13.0 | % | 21.4 | % | ||||||||||||||||||
Fixed Income | 47.8 | % | 81.6 | % | 136.9 | % | 38.3 | % | 68.0 | % | 109.5 | % | 28.7 | % | 51.0 | % | 82.1 | % | ||||||||||||||||||
Cash Equivalents | 0.0 | % | 0.0 | % | 0.0 | % | 20.0 | % | 20.0 | % | 20.0 | % | 40.0 | % | 40.0 | % | 40.0 | % | ||||||||||||||||||
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• | Invesco Asset Management Deutschland GmbH; |
• | Invesco Asset Management Limited; |
• | Invesco Asset Management (Japan) Limited; |
• | Invesco Australia Limited; |
• | Invesco Hong Kong Limited; |
• | Invesco Senior Secured Management, Inc.; and |
• | Invesco Trimark Ltd. |
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Van Kampen Funds | Acquiring Funds | |||
Administrator/Accounting Services: | Van Kampen Asset Management | Invesco Advisers | ||
Transfer Agent: | Van Kampen Investor Services, Inc | Invesco Aim Investment Services, Inc. | ||
Custodian: | State Street Bank and Trust Company | State Street Bank and Trust Company | ||
Distributor: | Van Kampen Funds, Inc. | Invesco Aim Distributors, Inc. | ||
Auditor: | Deloitte & Touche LLP | PricewaterhouseCoopers LLP |
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VK Funds Share Classes | Acquiring Funds Corresponding Share Classes | |
Class A | Class A5 | |
Class C | Class C5 | |
Class R | Class R5 | |
Class I | Class Y |
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As a % of | ||||
Offering | ||||
Purchase Amount | Price | |||
Less than $50,000 | 5.75 | % | ||
$50,000 but less than $100,000 | 4.75 | % | ||
$100,000 but less than $250,000 | 3.75 | % | ||
$250,000 but less than $500,000 | 2.75 | % | ||
$500,000 but less than $1,000,000 | 2.00 | % | ||
$1,000,000 or more | 0.00 | % |
As a % of | ||||
Offering | ||||
Purchase Amount | Price | |||
Less than $50,000 | 5.50 | % | ||
$50,000 but less than $100,000 | 4.50 | % | ||
$100,000 but less than $250,000 | 3.50 | % | ||
$250,000 but less than $500,000 | 2.75 | % | ||
$500,000 but less than $1,000,000 | 2.00 | % | ||
$1,000,000 or more | 0.00 | % |
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• | If you participate in the Systematic Redemption Plan and withdraw up to 12% of the value of your shares that are subject to a CDSC in any twelve-month period. | ||
• | If you redeem shares to pay account fees. | ||
• | If you are the executor, administrator or beneficiary of an estate or are otherwise entitled to assets remaining in an account following the death or post-purchase disability of a shareholder or beneficial owner and you choose to redeem those shares. |
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VK Funds | Acquiring Funds | |
August 31 | December 31 |
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• | Acquiring Fund Trust’s Registration Statement on Form N-14 under the Securities Act of 1933 (the “1933 Act”) shall have been filed with the SEC and such Registration Statement shall have become effective, and no stop-order suspending the effectiveness of the Registration Statement shall have been issued; | |
• | the shareholders of the VK Fund shall have approved the Agreement; | |
• | the Acquiring Fund Trust and VK Trust have each delivered an officer’s certificate certifying that all agreements and commitments set forth in the Agreement have been satisfied; and |
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• | the Acquiring Fund Trust and VK Trust shall have received a legal opinion as to the material U.S. federal income tax consequences of the transactions contemplated by the Agreement. |
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Estimated Distribution | ||||
Fund Name | Per Share Outstanding | |||
Van Kampen In Retirement Strategy | $0.44 | |||
Van Kampen 2010 Retirement Strategy | $0.80 | |||
Van Kampen 2015 Retirement Strategy | $0.90 | |||
Van Kampen 2020 Retirement Strategy | $0.74 | |||
Van Kampen 2025 Retirement Strategy | $0.98 | |||
Van Kampen 2030 Retirement Strategy | $0.97 | |||
Van Kampen 2035 Retirement Strategy | $1.19 | |||
Van Kampen 2040 Retirement Strategy | $0.86 | |||
Van Kampen 2045 Retirement Strategy | $1.43 | |||
Van Kampen 2050 Retirement Strategy | $1.32 |
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Van Kampen In | AIM Balanced-Risk | AIM Balanced-Risk | ||||||||||||||
Retirement Strategy | Retirement | Pro Forma | Retirement Now Fund | |||||||||||||
Fund | Now Fund 1 | Adjustments2 | (pro forma)3 | |||||||||||||
Net Assets (all classes) | $ | 3,491,540 | $ | 1,879,701 | — | $ | 5,371,241 | |||||||||
Class A/A5 Net Assets4 | $ | 2,862,263 | — | — | $ | 2,862,263 | ||||||||||
Class A/A5 Shares Outstanding4 | 266,215 | — | 369,743 | 369,743 | ||||||||||||
Class A/A5 NAV Per Share4 | $ | 10.75 | — | — | $ | 7.74 | ||||||||||
Class C/C5 Net Assets5 | $ | 412,625 | — | — | $ | 412,625 | ||||||||||
Class C/C5 Shares Outstanding5 | 38,459 | — | 53,316 | 53,316 | ||||||||||||
Class C/C5 NAV Per Share | $ | 10.73 | — | — | $ | 7.74 | ||||||||||
Class R/R5 Net Assets6 | $ | 107,257 | — | — | $ | 107,257 | ||||||||||
Class R/R5 Shares Outstanding6 | 10,000 | — | 13,863 | 13,863 | ||||||||||||
Class R/R5 NAV Per Share6 | $ | 10.73 | — | — | $ | 7.74 | ||||||||||
Class I/Y Net Assets7 | $ | 109,395 | $ | 16,164 | — | $ | 125,559 | |||||||||
Class I/Y Shares Outstanding7 | 10,187 | 2,090 | 14,154 | 16,244 | ||||||||||||
Class I/Y NAV Per Share7 | $ | 10.74 | $ | 7.73 | — | $ | 7.73 |
(1) | As of June 30, 2009, Class A5, Class C5 and Class R5 shares of the Acquiring Fund did not exist. Such share classes will be first issued in connection with the Reorganization. Holders of Class A, Class C and Class R shares of Van Kampen In Retirement Strategy Fund will be issued Class A5, Class C5 and Class R5 shares, respectively of AIM Balanced-Risk Retirement Now Fund. | |
(2) | Invesco and Morgan Stanley will bear 100% of the Reorganization expenses of Van Kampen In Retirement Strategy Fund and AIM Balanced-Risk Retirement Now Fund. As a result, there are no Pro Forma Adjustments to Net Assets. | |
(3) | Pro forma numbers are projected after the Reorganization. When the Reorganization is completed, the actual numbers will likely be different because of normal purchases, redemptions, and market fluctuations. | |
(4) | Figures are for Van Kampen In Retirement Strategy Fund Class A and AIM Balanced-Risk Retirement Now Fund Class A5. | |
(5) | Figures are for Van Kampen In Retirement Strategy Fund Class C and AIM Balanced-Risk Retirement Now Fund Class C5. | |
(6) | Figures are for Van Kampen In Retirement Strategy Fund Class R and AIM Balanced-Risk Retirement Now Fund Class R5. | |
(7) | Figures are for Van Kampen In Retirement Strategy Fund Class I and AIM Balanced-Risk Retirement Now Fund Class Y. |
AIM Balanced-Risk | AIM Balanced-Risk | |||||||||||||||
Van Kampen 2010 | Retirement 2010 | Pro Forma | Retirement 2010 Fund | |||||||||||||
Strategy Fund | Fund 1 | Adjustments2 | (pro forma)3 | |||||||||||||
Net Assets (all classes) | $ | 3,502,378 | $ | 6,345,717 | — | $ | 9,848,005 | |||||||||
Class A/A5 Net Assets4 | $ | 2,387,097 | — | — | $ | 2,387,097 | ||||||||||
Class A/A5 Shares Outstanding4 | 218,235 | — | 297,643 | 297,643 | ||||||||||||
Class A/A5 NAV Per Share4 | $ | 10.94 | — | — | $ | 8.02 | ||||||||||
Class C/C5 Net Assets5 | $ | 896,451 | — | — | $ | 896,451 | ||||||||||
Class C/C5 Shares Outstanding5 | 82,303 | — | 112,478 | 112,478 | ||||||||||||
Class C/C5 NAV Per Share | $ | 10.89 | — | — | $ | 7.97 | ||||||||||
Class R/R5 Net Assets6 | $ | 109,228 | — | — | $ | 109,228 | ||||||||||
Class R/R5 Shares Outstanding6 | 10,000 | — | 13,653 | 13,653 | ||||||||||||
Class R/R5 NAV Per Share6 | $ | 10.92 | — | — | $ | 8.00 | ||||||||||
Class I/Y Net Assets7 | $ | 109,602 | $ | 76,668 | — | $ | 186,270 | |||||||||
Class I/Y Shares Outstanding7 | 10,000 | 9,550 | 13,649 | 23,199 | ||||||||||||
Class I/Y NAV Per Share7 | $ | 10.96 | $ | 8.03 | — | $ | 8.03 |
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(1) | As of June 30, 2009, Class A5, Class C5 and Class R5 shares of the Acquiring Fund did not exist. Such share classes will be first issued in connection with the Reorganization. Holders of Class A, Class C and Class R shares of Van Kampen 2010 Strategy Fund will be issued Class A5, Class C5 and Class R5 shares, respectively of AIM Balanced-Risk Retirement 2010 Fund. | |
(2) | Invesco and Morgan Stanley will bear 100% of the Reorganization expenses of Van Kampen 2010 Strategy Fund and AIM Balanced-Risk Retirement 2010 Fund. As a result, there are no Pro Forma Adjustments to Net Assets. | |
(3) | Pro forma numbers are projected after the Reorganization. When the Reorganization is completed, the actual numbers will likely be different because of normal purchases, redemptions, and market fluctuations. | |
(4) | Figures are for Van Kampen 2010 Strategy Fund Class A and AIM Balanced-Risk Retirement 2010 Fund Class A5. | |
(5) | Figures are for Van Kampen 2010 Strategy Fund Class C and AIM Balanced-Risk Retirement 2010 Fund Class C5. | |
(6) | Figures are for Van Kampen 2010 Strategy Fund Class R and AIM Balanced-Risk Retirement 2010 Fund Class R5. | |
(7) | Figures are for Van Kampen 2010 Strategy Fund Class I and AIM Balanced-Risk Retirement 2010 Fund Class Y. |
Van Kampen 2015 | AIM Balanced-Risk | AIM Balanced-Risk | ||||||||||||||
Retirement Strategy | Retirement 2010 | Pro Forma | Retirement 2010 Fund | |||||||||||||
Fund | Fund 1 | Adjustments2 | (pro forma)3 | |||||||||||||
Net Assets (all classes) | $ | 5,633,627 | $ | 6,345,717 | — | $ | 11,979,344 | |||||||||
Class A/A5 Net Assets4 | $ | 4,654,967 | — | — | $ | 4,654,967 | ||||||||||
Class A/A5 Shares Outstanding4 | 429,021 | — | 580,420 | $ | 580,420 | |||||||||||
Class A/A5 NAV Per Share4 | $ | 10.85 | — | — | $ | 8.02 | ||||||||||
Class C/C5 Net Assets5 | $ | 744,396 | — | — | $ | 744,396 | ||||||||||
Class C/C5 Shares Outstanding5 | 68,742 | — | 93,400 | $ | 93,400 | |||||||||||
Class C/C5 NAV Per Share | $ | 10.83 | — | — | $ | 7.97 | ||||||||||
Class R/R5 Net Assets6 | $ | 115,653 | — | — | $ | 115,653 | ||||||||||
Class R/R5 Shares Outstanding6 | 10,676 | — | 14,457 | 14,457 | ||||||||||||
Class R/R5 NAV Per Share6 | $ | 10.83 | — | — | $ | 8.00 | ||||||||||
Class I/Y Net Assets7 | $ | 118,611 | $ | 76,668 | — | $ | 195,279 | |||||||||
Class I/Y Shares Outstanding7 | 10,912 | 9,550 | 17,771 | 24,321 | ||||||||||||
Class I/Y NAV Per Share7 | $ | 10.87 | $ | 8.03 | — | $ | 8.03 |
(1) | As of June 30, 2009, Class A5, Class C5 and Class R5 shares of the Acquiring Fund did not exist. Such share classes will be first issued in connection with the Reorganization. Holders of Class A, Class C and Class R shares of Van Kampen 2015 Retirement Strategy Fund will be issued Class A5, Class C5 and Class R5 shares, respectively of AIM Balanced-Risk Retirement 2010 Fund. | |
(2) | Invesco and Morgan Stanley will bear 100% of the Reorganization expenses of Van Kampen 2015 Retirement Strategy Fund and AIM Balanced-Risk Retirement 2010 Fund . As a result, there are no Pro Forma Adjustments to Net Assets. | |
(3) | Pro forma numbers are projected after the Reorganization. When the Reorganization is completed, the actual numbers will likely be different because of normal purchases, redemptions, and market fluctuations. | |
(4) | Figures are for Van Kampen 2015 Retirement Strategy Fund Class A and AIM Balanced-Risk Retirement 2010 Fund Class A5. | |
(5) | Figures are for Van Kampen 2015 Retirement Strategy Fund Class C and AIM Balanced-Risk Retirement 2010 Fund Class C5. | |
(6) | Figures are for Van Kampen 2015 Retirement Strategy Fund Class R and AIM Balanced-Risk Retirement 2010 Fund Class R5. | |
(7) | Figures are for Van Kampen 2015 Retirement Strategy Fund Class I and AIM Balanced-Risk Retirement 2010 Fund Class Y. |
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Van Kampen 2010 | Van Kampen 2015 | AIM Balanced-Risk | AIM Balanced-Risk | |||||||||||||||||
Retirement Strategy | Retirement Strategy | Retirement 2010 | Pro Forma | Retirement 2010 Fund | ||||||||||||||||
Fund | Fund | Fund 1 | Adjustments2 | (pro forma)3 | ||||||||||||||||
Net Assets (all classes) | $ | 3,502,378 | $ | 5,633,627 | $ | 6,345,717 | $ | 15,481,722 | ||||||||||||
Class A/A5 Net Assets4 | $ | 2,387,097 | $ | 4,654,967 | — | — | $ | 7,042,064 | ||||||||||||
Class A/A5 Shares Outstanding4 | 218,235 | 429,021 | — | 878,063 | 878,063 | |||||||||||||||
Class A/A5 NAV Per Share4 | $ | 10.94 | $ | 10.85 | — | — | $ | 8.02 | ||||||||||||
Class C/C5 Net Assets5 | $ | 896,451 | $ | 744,396 | — | — | $ | 1,640,847 | ||||||||||||
Class C/C5 Shares Outstanding5 | 82,303 | 68,742 | — | 205,878 | 205,878 | |||||||||||||||
Class C/C5 NAV Per Share | $ | 10.89 | $ | 10.83 | — | — | $ | 7.97 | ||||||||||||
Class R/R5 Net Assets6 | $ | 109,228 | $ | 115,653 | — | — | $ | 224,881 | ||||||||||||
Class R/R5 Shares Outstanding6 | 10,000 | 10,676 | — | 28,110 | 28,110 | |||||||||||||||
Class R/R5 NAV Per Share6 | $ | 10.92 | $ | 10.83 | — | — | $ | 8.00 | ||||||||||||
Class I/Y Net Assets7 | $ | 109,602 | $ | 118,611 | $ | 76,668 | — | $ | 304,881 | |||||||||||
Class I/Y Shares Outstanding7 | 10,000 | 10,912 | 9,550 | 28,420 | 37,970 | |||||||||||||||
Class I/Y NAV Per Share7 | $ | 10.96 | $ | 10.87 | $ | 8.03 | — | $ | 8.03 |
(1) | As of June 30, 2009, Class A5, Class C5 and Class R5 shares of the Acquiring Fund did not exist. Such share classes will be first issued in connection with the Reorganization. Holders of Class A, Class C and Class R shares of Van Kampen 2010 Retirement Strategy Fund and Van Kampen 2015 Retirement Strategy Fund will be issued Class A5, Class C5 and Class R5 shares, respectively of AIM Balanced-Risk Retirement 2010 Fund. | |
(2) | Invesco and Morgan Stanley will bear 100% of the Reorganization expenses of Van Kampen 2010 Retirement Strategy Fund and Van Kampen 2015 Retirement Strategy Fund and AIM Balanced-Risk Retirement 2010 Fund. As a result, there are no Pro Forma Adjustments to Net Assets. | |
(3) | Pro forma numbers are projected after the Reorganization. When the Reorganization is completed, the actual numbers will likely be different because of normal purchases, redemptions, and market fluctuations. | |
(4) | Figures are for Van Kampen 2010 Retirement Strategy Fund and Van Kampen 2015 Retirement Strategy Fund Class A and AIM Balanced-Risk Retirement 2010 Fund Class A5. | |
(5) | Figures are for Van Kampen 2010 Retirement Strategy Fund and Van Kampen 2015 Retirement Strategy Fund Class C and AIM Balanced-Risk Retirement Now Fund Class C5. | |
(6) | Figures are for Van Kampen 2010 Retirement Strategy Fund and Van Kampen 2015 Retirement Strategy Fund Class R and AIM Balanced-Risk Retirement Now Fund Class R5. | |
(7) | Figures are for Van Kampen 2010 Retirement Strategy Fund and Van Kampen 2015 Retirement Strategy Fund Class I and AIM Balanced-Risk Retirement Now Fund Class Y. |
Van Kampen 2020 | AIM Balanced-Risk | AIM Balanced-Risk | ||||||||||||||
Retirement Strategy | Retirement 2020 | Pro Forma | Retirement 2020 Fund | |||||||||||||
Fund | Fund 1 | Adjustments2 | (pro forma)3 | |||||||||||||
Net Assets (all classes) | $ | 4,413,727 | $ | 12,906,672 | $ | 17,320,399 | ||||||||||
Class A/A5 Net Assets4 | $ | 3,702,370 | — | — | $ | 3,702,370 | ||||||||||
Class A/A5 Shares Outstanding4 | 342,816 | — | 501,676 | 501,676 | ||||||||||||
Class A/A5 NAV Per Share4 | $ | 10.80 | — | — | $ | 7.38 | ||||||||||
Class C/C5 Net Assets5 | $ | 491,060 | — | — | $ | 491,060 | ||||||||||
Class C/C5 Shares Outstanding5 | 45,657 | — | 67,269 | 67,269 | ||||||||||||
Class C/C5 NAV Per Share | $ | 10.76 | — | — | $ | 7.30 |
28
Table of Contents
Van Kampen 2020 | AIM Balanced-Risk | AIM Balanced-Risk | ||||||||||||||
Retirement Strategy | Retirement 2020 | Pro Forma | Retirement 2020 Fund | |||||||||||||
Fund | Fund 1 | Adjustments2 | (pro forma)3 | |||||||||||||
Class R/R5 Net Assets6 | $ | 112,035 | — | — | $ | 112,035 | ||||||||||
Class R/R5 Shares Outstanding6 | 10,384 | — | 15,222 | 15,222 | ||||||||||||
Class R/R5 NAV Per Share6 | $ | 10.79 | — | — | $ | 7.36 | ||||||||||
Class I/Y Net Assets7 | $ | 108,262 | $ | 12,815 | — | $ | 121,077 | |||||||||
Class I/Y Shares Outstanding7 | 10,000 | 1,735 | — | 16,385 | ||||||||||||
Class I/Y NAV Per Share7 | $ | 10.83 | $ | 7.39 | — | $ | 7.39 |
(1) | As of June 30, 2009, Class A5, Class C5 and Class R5 shares of the Acquiring Fund did not exist. Such share classes will be first issued in connection with the Reorganization. Holders of Class A, Class C and Class R shares of Van Kampen 2020 Retirement Strategy Fund will be issued Class A5, Class C5 and Class R5 shares, respectively of AIM Balanced-Risk Retirement 2020 Fund. | |
(2) | Invesco and Morgan Stanley will bear 100% of the Reorganization expenses of Van Kampen 2020 Retirement Strategy Fund and AIM Balanced-Risk Retirement 2020 Fund. As a result, there are no Pro Forma Adjustments to Net Assets. | |
(3) | Pro forma numbers are projected after the Reorganization. When the Reorganization is completed, the actual numbers will likely be different because of normal purchases, redemptions, and market fluctuations. | |
(4) | Figures are for Van Kampen 2020 Retirement Strategy Fund Class A and AIM Balanced-Risk Retirement 2020 Fund Class A5. | |
(5) | Figures are for Van Kampen 2020 Retirement Strategy Fund Class C and AIM Balanced-Risk Retirement 2020 Fund Class C5. | |
(6) | Figures are for Van Kampen 2020 Retirement Strategy Fund Class R and AIM Balanced-Risk Retirement 2020 Fund Class R5. | |
(7) | Figures are for Van Kampen 2020 Retirement Strategy Fund Class I and AIM Balanced-Risk Retirement 2020 Fund Class Y. |
Van Kampen 2025 | AIM Balanced-Risk | AIM Balanced-Risk | ||||||||||||||
Retirement Strategy | Retirement 2020 | Pro Forma | Retirement 2020 Fund | |||||||||||||
Fund | Fund 1 | Adjustments2 | (pro forma)3 | |||||||||||||
Net Assets (all classes) | $ | 4,143,992 | $ | 12,906,672 | $ | 17,050,664 | ||||||||||
Class A/A5 Net Assets4 | $ | 3,215,011 | — | — | $ | 3,215,011 | ||||||||||
Class A/A5 Shares Outstanding4 | 302,828 | — | 435,638 | 435,638 | ||||||||||||
Class A/A5 NAV Per Share4 | $ | 10.62 | — | — | $ | 7.38 | ||||||||||
Class C/C5 Net Assets5 | $ | 705,438 | — | — | $ | 705,438 | ||||||||||
Class C/C5 Shares Outstanding5 | 66,688 | — | 96,935 | 96,935 | ||||||||||||
Class C/C5 NAV Per Share | $ | 10.58 | — | — | $ | 7.30 | ||||||||||
Class R/R5 Net Assets6 | $ | 117,020 | — | — | $ | 117,020 | ||||||||||
Class R/R5 Shares Outstanding6 | 11,023 | — | 15,900 | 15,900 | ||||||||||||
Class R/R5 NAV Per Share6 | $ | 10.62 | — | — | $ | 7.36 | ||||||||||
Class I/Y Net Assets7 | $ | 106,523 | $ | 12,815 | — | $ | 119,338 | |||||||||
Class I/Y Shares Outstanding7 | 10,000 | 1,735 | 14,414 | 16,149 | ||||||||||||
Class I/Y NAV Per Share7 | $ | 10.65 | $ | 7.39 | — | $ | 7.39 |
(1) | As of June 30, 2009, Class A5, Class C5 and Class R5 shares of the Acquiring Fund did not exist. Such share classes will be first issued in connection with the Reorganization. Holders of Class A, Class C and Class R shares of Van Kampen 2025 Retirement Strategy Fund will be issued Class A5, Class C5 and Class R5 shares, respectively of AIM Balanced-Risk Retirement 2020 Fund. | |
(2) | Invesco and Morgan Stanley will bear 100% of the Reorganization expenses of Van Kampen 2025 Retirement Strategy Fund and AIM Balanced-Risk Retirement 2020 Fund. As a result, there are no Pro Forma Adjustments to Net Assets. | |
(3) | Pro forma numbers are projected after the Reorganization. When the Reorganization is completed, the actual numbers will likely be different because of normal purchases, redemptions, and market fluctuations. | |
(4) | Figures are for Van Kampen 2025 Retirement Strategy Fund Class A and AIM Balanced-Risk Retirement 2020 Fund Class A5. | |
(5) | Figures are for Van Kampen 2025 Retirement Strategy Fund Class C and AIM Balanced-Risk Retirement 2020 Fund Class C5. | |
(6) | Figures are for Van Kampen 2025 Retirement Strategy Fund Class R and AIM Balanced-Risk Retirement 2020 Fund Class R5. | |
(7) | Figures are for Van Kampen 2025 Retirement Strategy Fund Class I and AIM Balanced-Risk Retirement 2020 Fund Class Y. |
29
Table of Contents
Van Kampen 2020 | Van Kampen 2025 | AIM Balanced-Risk | AIM Balanced-Risk | |||||||||||||||||
Retirement Strategy | Retirement Strategy | Retirement 2020 | Pro Forma | Retirement 2020 Fund | ||||||||||||||||
Fund | Fund | Fund 1 | Adjustments2 | (pro forma)3 | ||||||||||||||||
Net Assets (all classes) | $ | 4,413,727 | $ | 4,143,992 | $ | 12,906,672 | $ | 21,464,391 | ||||||||||||
Class A/A5 Net Assets4 | $ | 3,702,370 | $ | 3,215,011 | — | — | $ | 6,917,381 | ||||||||||||
Class A/A5 Shares Outstanding4 | 342,816 | 302,828 | — | 937,314 | 937,314 | |||||||||||||||
Class A/A5 NAV Per Share4 | $ | 10.80 | $ | 10.62 | — | — | $ | 7.38 | ||||||||||||
Class C/C5 Net Assets5 | $ | 491,060 | $ | 705,438 | — | — | $ | 1,196,468 | ||||||||||||
Class C/C5 Shares Outstanding5 | 45,657 | 66,688 | — | 163,904 | 163,904 | |||||||||||||||
Class C/C5 NAV Per Share | $ | 10.76 | $ | 10.58 | — | — | $ | 7.30 | ||||||||||||
Class R/R5 Net Assets6 | $ | 112,035 | $ | 117,020 | — | — | $ | 229,055 | ||||||||||||
Class R/R5 Shares Outstanding6 | 10,384 | 11,023 | — | 31,122 | 31,122 | |||||||||||||||
Class R/R5 NAV Per Share6 | $ | 10.79 | $ | 10.62 | — | — | $ | 7.36 | ||||||||||||
Class I/Y Net Assets7 | $ | 108,262 | $ | 106,523 | $ | 12,815 | — | $ | 227,600 | |||||||||||
Class I/Y Shares Outstanding7 | 10,000 | 10,000 | 1,735 | 29,064 | 30,799 | |||||||||||||||
Class I/Y NAV Per Share7 | $ | 10.83 | $ | 10.65 | $ | 7.39 | — | $ | 7.39 |
(1) | As of June 30, 2009, Class A5, Class C5 and Class R5 shares of the Acquiring Fund did not exist. Such share classes will be first issued in connection with the Reorganization. Holders of Class A, Class C and Class R shares of Van Kampen 2020 Retirement Strategy Fund and Van Kampen 2025 Retirement Strategy Fund will be issued Class A5, Class C5 and Class R5 shares, respectively of AIM Balanced-Risk Retirement 2020 Fund. | |
(2) | Invesco and Morgan Stanley will bear 100% of the Reorganization expenses of Van Kampen 2020 Retirement Strategy Fund and Van Kampen 2025 Retirement Strategy Fund and AIM Balanced-Risk Retirement 2020 Fund. As a result, there are no Pro Forma Adjustments to Net Assets. | |
(3) | Pro forma numbers are projected after the Reorganization. When the Reorganization is completed, the actual numbers will likely be different because of normal purchases, redemptions, and market fluctuations. | |
(4) | Figures are for Van Kampen 2020 Retirement Strategy Fund and Van Kampen 2025 Retirement Strategy Fund Class A and AIM Balanced-Risk Retirement 2020 Fund Class A5. | |
(5) | Figures are for Van Kampen 2020 Retirement Strategy Fund and Van Kampen 2025 Retirement Strategy Fund Class C and AIM Balanced-Risk Retirement 2020 Fund Class C5. | |
(6) | Figures are for Van Kampen 2020 Retirement Strategy Fund and Van Kampen 2025 Retirement Strategy Fund Class R and AIM Balanced-Risk Retirement 2020 Fund Class R5. | |
(7) | Figures are for Van Kampen 2020 Retirement Strategy Fund and Van Kampen 2025 Retirement Strategy Fund Class I and AIM Balanced-Risk Retirement 2020 Fund Class Y. |
Van Kampen 2030 | AIM Balanced-Risk | AIM Balanced-Risk | ||||||||||||||
Retirement Strategy | Retirement 2030 | Pro Forma | Retirement 2030 Fund | |||||||||||||
Fund | Fund 1 | Adjustments2 | (pro forma)3 | |||||||||||||
Net Assets (all classes) | $ | 3,237,847 | $ | 11,174,064 | $ | 14,411,911 | ||||||||||
Class A/A5 Net Assets4 | $ | 2,397,266 | — | — | $ | 2,397,266 | ||||||||||
Class A/A5 Shares Outstanding4 | 222,602 | — | 349,456 | 349,456 | ||||||||||||
Class A/A5 NAV Per Share4 | $ | 10.77 | — | — | $ | 6.86 | ||||||||||
Class C/C5 Net Assets5 | $ | 613,058 | — | — | $ | 613,058 | ||||||||||
Class C/C5 Shares Outstanding5 | 57,076 | — | 90,023 | 90,023 | ||||||||||||
Class C/C5 NAV Per Share | $ | 10.74 | — | — | $ | 6.81 |
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Table of Contents
Van Kampen 2030 | AIM Balanced-Risk | AIM Balanced-Risk | ||||||||||||||
Retirement Strategy | Retirement 2030 | Pro Forma | Retirement 2030 Fund | |||||||||||||
Fund | Fund 1 | Adjustments2 | (pro forma)3 | |||||||||||||
Class R/R5 Net Assets6 | $ | 119,405 | — | — | $ | 119,405 | ||||||||||
Class R/R5 Shares Outstanding6 | 11,082 | — | 17,482 | 17,482 | ||||||||||||
Class R/R5 NAV Per Share6 | $ | 10.77 | — | — | $ | 6.83 | ||||||||||
Class I/Y Net Assets7 | $ | 108,118 | $ | 58,579 | — | $ | 166,697 | |||||||||
Class I/Y Shares Outstanding7 | 10,000 | 8,531 | 15,736 | 24,267 | ||||||||||||
Class I/Y NAV Per Share7 | $ | 10.81 | $ | 6.87 | — | $ | 6.87 |
(1) | As of June 30, 2009, Class A5, Class C5 and Class R5 shares of the Acquiring Fund did not exist. Such share classes will be first issued in connection with the Reorganization. Holders of Class A, Class C and Class R shares of Van Kampen 2030 Retirement Strategy Fund will be issued Class A5, Class C5 and Class R5 shares, respectively of AIM Balanced-Risk Retirement 2030 Fund. | |
(2) | Invesco and Morgan Stanley will bear 100% of the Reorganization expenses of Van Kampen 2030 Retirement Strategy Fund and AIM Balanced-Risk Retirement 2030 Fund. As a result, there are no Pro Forma Adjustments to Net Assets. | |
(3) | Pro forma numbers are projected after the Reorganization. When the Reorganization is completed, the actual numbers will likely be different because of normal purchases, redemptions, and market fluctuations. | |
(4) | Figures are for Van Kampen 2030 Retirement Strategy Fund Class A and AIM Balanced-Risk Retirement 2030 Fund Class A5. | |
(5) | Figures are for Van Kampen 2030 Retirement Strategy Fund Class C and AIM Balanced-Risk Retirement 2030 Fund Class C5. | |
(6) | Figures are for Van Kampen 2030 Retirement Strategy Fund Class R and AIM Balanced-Risk Retirement 2030 Fund Class R5. | |
(7) | Figures are for Van Kampen 2030 Retirement Strategy Fund Class I and AIM Balanced-Risk Retirement 2030 Fund Class Y. |
Van Kampen 2035 | AIM Balanced-Risk | AIM Balanced-Risk | ||||||||||||||
Retirement Strategy | Retirement 2030 | Pro Forma | Retirement 2030 Fund | |||||||||||||
Fund | Fund 1 | Adjustments2 | (pro forma)3 | |||||||||||||
Net Assets (all classes) | $ | 1,747,412 | $ | 11,174,064 | $ | 12,921,476 | ||||||||||
Class A/A5 Net Assets4 | $ | 1,176,920 | — | — | $ | 1,176,920 | ||||||||||
Class A/A5 Shares Outstanding4 | 106,621 | — | 171,562 | 171,562 | ||||||||||||
Class A/A5 NAV Per Share4 | $ | 11.04 | — | — | $ | 6.86 | ||||||||||
Class C/C5 Net Assets5 | $ | 349,540 | — | — | $ | 349,540 | ||||||||||
Class C/C5 Shares Outstanding5 | 31,720 | — | 51,328 | 51,328 | ||||||||||||
Class C/C5 NAV Per Share | $ | 11.02 | — | — | $ | 6.81 | ||||||||||
Class R/R5 Net Assets6 | $ | 110,342 | — | — | $ | 110,342 | ||||||||||
Class R/R5 Shares Outstanding6 | 10,010 | — | 16,156 | 16,156 | ||||||||||||
Class R/R5 NAV Per Share6 | $ | 11.02 | — | — | $ | 6.83 | ||||||||||
Class I/Y Net Assets7 | $ | 110,610 | $ | 58,579 | — | $ | 169,189 | |||||||||
Class I/Y Shares Outstanding7 | 10,000 | 8,531 | 16,098 | 24,629 | ||||||||||||
Class I/Y NAV Per Share7 | $ | 11.06 | $ | 6.87 | — | $ | 6.87 |
(1) | As of June 30, 2009, Class A5, Class C5 and Class R5 shares of the Acquiring Fund did not exist. Such share classes will be first issued in connection with the Reorganization. Holders of Class A, Class C and Class R shares of Van Kampen 2035 Retirement Strategy Fund will be issued Class A5, Class C5 and Class R5 shares, respectively of AIM Balanced-Risk Retirement 2030 Fund. | |
(2) | Invesco and Morgan Stanley will bear 100% of the Reorganization expenses of Van Kampen 2035 Retirement Strategy Fund and AIM Balanced-Risk Retirement 2030 Fund. As a result, there are no Pro Forma Adjustments to Net Assets. | |
(3) | Pro forma numbers are projected after the Reorganization. When the Reorganization is completed, the actual numbers will likely be different because of normal purchases, redemptions, and market fluctuations. | |
(4) | Figures are for Van Kampen 2035 Retirement Strategy Fund Class A and AIM Balanced-Risk Retirement 2030 Fund Class A5. | |
(5) | Figures are for Van Kampen 2035 Retirement Strategy Fund Class C and AIM Balanced-Risk Retirement 2030 Fund Class C5. | |
(6) | Figures are for Van Kampen 2035 Retirement Strategy Fund Class R and AIM Balanced-Risk Retirement 2030 Fund Class R5. | |
(7) | Figures are for Van Kampen 2035 Retirement Strategy Fund Class I and AIM Balanced-Risk Retirement 2030 Fund Class Y. |
31
Table of Contents
Van Kampen 2030 | Van Kampen 2035 | AIM Balanced-Risk | AIM Balanced-Risk | |||||||||||||||||
Retirement Strategy | Retirement Strategy | Retirement 2030 | Pro Forma | Retirement 2030 Fund | ||||||||||||||||
Fund | Fund | Fund 1 | Adjustments2 | (pro forma)3 | ||||||||||||||||
Net Assets (all classes) | $ | 3,237,897 | $ | 1,747,412 | $ | 11,174,064 | $ | 16,159,323 | ||||||||||||
Class A/A5 Net Assets4 | $ | 2,397,266 | $ | 1,176,920 | — | — | $ | 3,574,186 | ||||||||||||
Class A/A5 Shares Outstanding4 | 222,602 | 106,621 | — | 521,018 | 521,018 | |||||||||||||||
Class A/A5 NAV Per Share4 | $ | 10.77 | $ | 11.04 | — | — | $ | 6.86 | ||||||||||||
Class C/C5 Net Assets5 | $ | 613,058 | $ | 349,540 | — | — | $ | 962,598 | ||||||||||||
Class C/C5 Shares Outstanding5 | 57,076 | 31,720 | — | 141,351 | 141,351 | |||||||||||||||
Class C/C5 NAV Per Share | $ | 10.74 | $ | 11.02 | — | — | $ | 6.81 | ||||||||||||
Class R/R5 Net Assets6 | $ | 119,405 | $ | 110,342 | — | — | $ | 229,747 | ||||||||||||
Class R/R5 Shares Outstanding6 | 11,082 | 10,010 | — | 33,638 | 33,638 | |||||||||||||||
Class R/R5 NAV Per Share6 | $ | 10.77 | $ | 11.02 | — | — | $ | 6.83 | ||||||||||||
Class I/Y Net Assets7 | $ | 108,118 | $ | 110,610 | $ | 58,579 | — | $ | 277,307 | |||||||||||
Class I/Y Shares Outstanding7 | 10,000 | 10,000 | 8,531 | 31,834 | 40,365 | |||||||||||||||
Class I/Y NAV Per Share7 | $ | 10.81 | $ | 11.06 | $ | 6.87 | — | $ | 6.87 |
(1) | As of June 30, 2009, Class A5, Class C5 and Class R5 shares of the Acquiring Fund did not exist. Such share classes will be first issued in connection with the Reorganization. Holders of Class A, Class C and Class R shares of Van Kampen 2030 Retirement Strategy Fund and Van Kampen 2035 Retirement Strategy Fund will be issued Class A5, Class C5 and Class R5 shares, respectively of AIM Balanced-Risk Retirement 2030 Fund. | |
(2) | Invesco and Morgan Stanley will bear 100% of the Reorganization expenses of Van Kampen 2030 Retirement Strategy Fund and Van Kampen 2035 Retirement Strategy Fund and AIM Balanced-Risk Retirement 2030 Fund. As a result, there are no Pro Forma Adjustments to Net Assets. | |
(3) | Pro forma numbers are projected after the Reorganization. When the Reorganization is completed, the actual numbers will likely be different because of normal purchases, redemptions, and market fluctuations. | |
(4) | Figures are for Van Kampen 2030 Retirement Strategy Fund and Van Kampen 2035 Retirement Strategy Fund Class A and AIM Balanced-Risk Retirement 2030 Fund Class A5. | |
(5) | Figures are for Van Kampen 2030 Retirement Strategy Fund and Van Kampen 2035 Retirement Strategy Fund Class C and AIM Balanced-Risk Retirement 2030 Fund Class C5. | |
(6) | Figures are for Van Kampen 2030 Retirement Strategy Fund and Van Kampen 2035 Retirement Strategy Fund Class R and AIM Balanced-Risk Retirement 2030 Fund Class R5. | |
(7) | Figures are for Van Kampen 2030 Retirement Strategy Fund and Van Kampen 2035 Retirement Strategy Fund Class I and AIM Balanced-Risk Retirement 2030 Fund Class Y. |
Van Kampen 2040 | AIM Balanced-Risk | AIM Balanced-Risk | ||||||||||||||
Retirement Strategy | Retirement 2040 | Pro Forma | Retirement 2040 Fund | |||||||||||||
Fund | Fund 1 | Adjustments2 | (pro forma)3 | |||||||||||||
Net Assets (all classes) | $ | 1,150,297 | $ | 5,760,112 | $ | 6,910,409 | ||||||||||
Class A/A5 Net Assets4 | $ | 698,029 | — | — | $ | 698,029 | ||||||||||
Class A/A5 Shares Outstanding4 | 62,621 | — | 105,762 | 105,762 | ||||||||||||
Class A/A5 NAV Per Share4 | $ | 11.15 | — | — | $ | 6.60 | ||||||||||
Class C/C5 Net Assets5 | $ | 229,255 | — | — | $ | 229,255 | ||||||||||
Class C/C5 Shares Outstanding5 | 20,593 | — | 35,040 | 35,040 | ||||||||||||
Class C/C5 NAV Per Share | $ | 11.13 | — | — | $ | 6.54 |
32
Table of Contents
Van Kampen 2040 | AIM Balanced-Risk | AIM Balanced-Risk | ||||||||||||||
Retirement Strategy | Retirement 2040 | Pro Forma | Retirement 2040 Fund | |||||||||||||
Fund | Fund 1 | Adjustments2 | (pro forma)3 | |||||||||||||
Class R/R5 Net Assets6 | $ | 111,316 | — | — | $ | 111,316 | ||||||||||
Class R/R5 Shares Outstanding6 | 10,000 | — | 16,943 | 16,943 | ||||||||||||
Class R/R5 NAV Per Share6 | $ | 11.13 | — | — | $ | 6.57 | ||||||||||
Class I/Y Net Assets7 | $ | 111,697 | $ | 72,551 | — | $ | 184,248 | |||||||||
Class I/Y Shares Outstanding7 | 10,000 | 10,985 | 16,923 | 27,908 | ||||||||||||
Class I/Y NAV Per Share7 | $ | 11.17 | $ | 6.60 | — | $ | 6.60 |
(1) | As of June 30, 2009, Class A5, Class C5 and Class R5 shares of the Acquiring Fund did not exist. Such share classes will be first issued in connection with the Reorganization. Holders of Class A, Class C and Class R shares of Van Kampen 2040 Retirement Strategy Fund will be issued Class A5, Class C5 and Class R5 shares, respectively of AIM Balanced-Risk Retirement 2040 Fund. | |
(2) | Invesco and Morgan Stanley will bear 100% of the Reorganization expenses of Van Kampen 2040 Retirement Strategy Fund and AIM Balanced-Risk Retirement 2040 Fund. As a result, there are no Pro Forma Adjustments to Net Assets. | |
(3) | Pro forma numbers are projected after the Reorganization. When the Reorganization is completed, the actual numbers will likely be different because of normal purchases, redemptions, and market fluctuations. | |
(4) | Figures are for Van Kampen 2040 Retirement Strategy Fund Class A and AIM Balanced-Risk Retirement 2040 Fund Class A5. | |
(5) | Figures are for Van Kampen 2040 Retirement Strategy Fund Class C and AIM Balanced-Risk Retirement 2040 Fund Class C5. | |
(6) | Figures are for Van Kampen 2040 Retirement Strategy Fund Class R and AIM Balanced-Risk Retirement 2040 Fund Class R5. | |
(7) | Figures are for Van Kampen 2040 Retirement Strategy Fund Class I and AIM Balanced-Risk Retirement 2040 Fund Class Y. |
Van Kampen 2045 | AIM Balanced-Risk | AIM Balanced-Risk | ||||||||||||||
Retirement Strategy | Retirement 2040 | Pro Forma | Retirement 2040 Fund | |||||||||||||
Fund | Fund 1 | Adjustments2 | (pro forma)3 | |||||||||||||
Net Assets (all classes) | $ | 840,932 | $ | 5,760,112 | $ | 6,601,044 | ||||||||||
Class A/A5 Net Assets4 | $ | 427,545 | — | — | $ | 427,545 | ||||||||||
Class A/A5 Shares Outstanding4 | 38,157 | — | 64,780 | 64,780 | ||||||||||||
Class A/A5 NAV Per Share4 | $ | 11.20 | — | — | $ | 6.60 | ||||||||||
Class C/C5 Net Assets5 | $ | 188,847 | — | — | $ | 188,847 | ||||||||||
Class C/C5 Shares Outstanding5 | 16,862 | — | 28,864 | 28,864 | ||||||||||||
Class C/C5 NAV Per Share | $ | 11.20 | — | — | $ | 6.54 | ||||||||||
Class R/R5 Net Assets6 | $ | 112,296 | — | — | $ | 112,296 | ||||||||||
Class R/R5 Shares Outstanding6 | 10,039 | — | 17,092 | 17,092 | ||||||||||||
Class R/R5 NAV Per Share6 | $ | 11.19 | — | — | $ | 6.57 | ||||||||||
Class I/Y Net Assets7 | $ | 112,244 | $ | 72,551 | — | $ | 184,795 | |||||||||
Class I/Y Shares Outstanding7 | 10,000 | 10,985 | 17,007 | 27,992 | ||||||||||||
Class I/Y NAV Per Share7 | $ | 11.22 | 6.60 | — | $ | 6.60 |
(1) | As of June 30, 2009, Class A5, Class C5 and Class R5 shares of the Acquiring Fund did not exist. Such share classes will be first issued in connection with the Reorganization. Holders of Class A, Class C and Class R shares of Van Kampen 2045 Retirement Strategy Fund will be issued Class A5, Class C5 and Class R5 shares, respectively of AIM Balanced-Risk Retirement 2040 Fund. | |
(2) | Invesco and Morgan Stanley will bear 100% of the Reorganization expenses of Van Kampen 2045 Retirement Strategy Fund and AIM Balanced-Risk Retirement 2040 Fund. As a result, there are no Pro Forma Adjustments to Net Assets. | |
(3) | Pro forma numbers are projected after the Reorganization. When the Reorganization is completed, the actual numbers will likely be different because of normal purchases, redemptions, and market fluctuations. | |
(4) | Figures are for Van Kampen 2045 Retirement Strategy Fund Class A and AIM Balanced-Risk Retirement 2040 Fund Class A5. | |
(5) | Figures are for Van Kampen 2045 Retirement Strategy Fund Class C and AIM Balanced-Risk Retirement 2040 Fund Class C5. | |
(6) | Figures are for Van Kampen 2045 Retirement Strategy Fund Class R and AIM Balanced-Risk Retirement 2040 Fund Class R5. | |
(7) | Figures are for Van Kampen 2045 Retirement Strategy Fund Class I and AIM Balanced-Risk Retirement 2040 Fund Class Y. |
33
Table of Contents
Van Kampen 2040 | Van Kampen 2045 | AIM Balanced-Risk | AIM Balanced-Risk | |||||||||||||||||
Retirement Strategy | Retirement Strategy | Retirement 2040 | Pro Forma | Retirement 2040 Fund | ||||||||||||||||
Fund | Fund | Fund 1 | Adjustments2 | (pro forma)3 | ||||||||||||||||
Net Assets (all classes) | $ | 1,150,297 | $ | 840,932 | $ | 5,760,112 | $ | 7,751,341 | ||||||||||||
Class A/A5 Net Assets4 | $ | 698,029 | $ | 427,545 | — | — | $ | 1,125,574 | ||||||||||||
Class A/A5 Shares Outstanding4 | 62,621 | 38,157 | — | 170,542 | 170,542 | |||||||||||||||
Class A/A5 NAV Per Share4 | $ | 11.15 | $ | 11.20 | — | — | $ | 6.60 | ||||||||||||
�� | ||||||||||||||||||||
Class C/C5 Net Assets5 | $ | 229,255 | $ | 188,847 | — | — | $ | 418,102 | ||||||||||||
Class C/C5 Shares Outstanding5 | 20,593 | 16,862 | — | 63,904 | 63,904 | |||||||||||||||
Class C/C5 NAV Per Share | $ | 11.13 | $ | 11.20 | — | — | $ | 6.54 | ||||||||||||
Class R/R5 Net Assets6 | $ | 111,316 | $ | 112,296 | — | — | $ | 223,612 | ||||||||||||
Class R/R5 Shares Outstanding6 | 10,000 | 10,039 | — | 34,035 | 34,035 | |||||||||||||||
Class R/R5 NAV Per Share6 | $ | 11.13 | $ | 11.19 | — | — | $ | 6.57 | ||||||||||||
Class I/Y Net Assets7 | $ | 111,697 | $ | 112,244 | $ | 12,551 | — | $ | 296,492 | |||||||||||
Class I/Y Shares Outstanding7 | 10,000 | 10,000 | 10,985 | 33,930 | 44,915 | |||||||||||||||
Class I/Y NAV Per Share7 | $ | 11.17 | $ | 11.22 | $ | 6,60 | — | $ | 6.60 |
(1) | As of June 30, 2009, Class A5, Class C5 and Class R5 shares of the Acquiring Fund did not exist. Such share classes will be first issued in connection with the Reorganization. Holders of Class A, Class C and Class R shares of Van Kampen 2040 Retirement Strategy Fund and Van Kampen 2045 Retirement Strategy Fund will be issued Class A5, Class C5 and Class R5 shares, respectively of AIM Balanced-Risk Retirement 2040 Fund. | |
(2) | Invesco and Morgan Stanley will bear 100% of the Reorganization expenses of Van Kampen 2040 Retirement Strategy Fund and Van Kampen 2045 Retirement Strategy Fund and AIM Balanced-Risk Retirement 2040 Fund. As a result, there are no Pro Forma Adjustments to Net Assets. | |
(3) | Pro forma numbers are projected after the Reorganization. When the Reorganization is completed, the actual numbers will likely be different because of normal purchases, redemptions, and market fluctuations. | |
(4) | Figures are for Van Kampen 2040 Retirement Strategy Fund and Van Kampen 2045 Retirement Strategy Fund Class A and AIM Balanced-Risk Retirement 2040 Fund Class A5. | |
(5) | Figures are for Van Kampen 2040 Retirement Strategy Fund and Van Kampen 2045 Retirement Strategy Fund Class C and AIM Balanced-Risk Retirement 2040 Fund Class C5. | |
(6) | Figures are for Van Kampen 2040 Retirement Strategy Fund and Van Kampen 2045 Retirement Strategy Fund Class R and AIM Balanced-Risk Retirement 2040 Fund Class R5. | |
(7) | Figures are for Van Kampen 2040 Retirement Strategy Fund and Van Kampen 2045 Retirement Strategy Fund Class I and AIM Balanced-Risk Retirement 2040 Fund Class Y. |
Van Kampen 2050 | AIM Balanced-Risk | AIM Balanced-Risk | ||||||||||||||
Retirement Strategy | Retirement 2050 | Pro Forma | Retirement 2050 Fund | |||||||||||||
Fund | Fund 1 | Adjustments2 | (pro forma)3 | |||||||||||||
Net Assets (all classes) | $ | 783,082 | $ | 3,171,267 | $ | 3,954,349 | ||||||||||
Class A/A5 Net Assets4 | $ | 419,926 | — | — | $ | 419,926 | ||||||||||
Class A/A5 Shares Outstanding4 | 37,438 | — | 66,255 | 66,255 | ||||||||||||
Class A/A5 NAV Per Share4 | $ | 11.22 | — | — | $ | 6.34 | ||||||||||
Class C/C5 Net Assets5 | $ | 137,706 | — | — | $ | 137,706 | ||||||||||
Class C/C5 Shares Outstanding5 | 12,256 | — | 21,866 | 21,866 | ||||||||||||
Class C/C5 NAV Per Share | $ | 11.24 | — | — | $ | 6.30 |
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Table of Contents
Van Kampen 2050 | AIM Balanced-Risk | AIM Balanced-Risk | ||||||||||||||
Retirement Strategy | Retirement 2050 | Pro Forma | Retirement 2050 Fund | |||||||||||||
Fund | Fund 1 | Adjustments2 | (pro forma)3 | |||||||||||||
Class R/R5 Net Assets6 | $ | 113,073 | — | — | $ | 113,073 | ||||||||||
Class R/R5 Shares Outstanding6 | 10,096 | — | 17,892 | 17,892 | ||||||||||||
Class R/R5 NAV Per Share6 | $ | 11.20 | — | — | $ | 6.32 | ||||||||||
Class I/Y Net Assets7 | $ | 112,377 | $ | 47,822 | — | $ | 160,199 | |||||||||
Class I/Y Shares Outstanding7 | 10,000 | 7,528 | 17,701 | 25,229 | ||||||||||||
Class I/Y NAV Per Share7 | $ | 11.24 | $ | 6.35 | — | $ | 6.35 |
(1) | As of June 30, 2009, Class A5, Class C5 and Class R5 shares of the Acquiring Fund did not exist. Such share classes will be first issued in connection with the Reorganization. Holders of Class A, Class C and Class R shares of Van Kampen 2050 Retirement Strategy Fund will be issued Class A5, Class C5 and Class R5 shares, respectively of AIM Balanced-Risk Retirement 2050 Fund. | |
(2) | Invesco and Morgan Stanley will bear 100% of the Reorganization expenses of Van Kampen 2050 Retirement Strategy Fund and AIM Balanced-Risk Retirement 2050 Fund. As a result, there are no Pro Forma Adjustments to Net Assets. | |
(3) | Pro forma numbers are projected after the Reorganization. When the Reorganization is completed, the actual numbers will likely be different because of normal purchases, redemptions, and market fluctuations. | |
(4) | Figures are for Van Kampen 2050 Retirement Strategy Fund Class A and AIM Balanced-Risk Retirement 2050 Fund Class A5. | |
(5) | Figures are for Van Kampen 2050 Retirement Strategy Fund Class C and AIM Balanced-Risk Retirement 2050 Fund Class C5. | |
(6) | Figures are for Van Kampen 2050 Retirement Strategy Fund Class R and AIM Balanced-Risk Retirement 2050 Fund Class R5. | |
(7) | Figures are for Van Kampen 2050 Retirement Strategy Fund Class I and AIM Balanced-Risk Retirement 2050 Fund Class Y. |
35
Table of Contents
AND EXCHANGE COMMISSION
36
Table of Contents
VAN KAMPEN RETIREMENT STRATEGY TRUST | AIM GROWTH SERIES | |
(File No. 811-22188) | (File No. 811-02699) | |
VK FUND | ACQUIRING FUND | |
Share Classes | Share Classes | |
VK In Retirement Strategy Fund | AIM Balanced-Risk Retirement Now Fund | |
Class A | Class A5 | |
Class C | Class C5 | |
Class R | Class R5 | |
Class I | Class Y | |
VK Retirement 2010 Strategy Fund | AIM Balanced-Risk Retirement 2010 Fund | |
Class A | Class A5 | |
Class C | Class C5 | |
Class R | Class R5 | |
Class I | Class Y | |
VK Retirement 2015 Strategy Fund | AIM Balanced-Risk Retirement 2010 Fund | |
Class A | Class A5 | |
Class C | Class C5 | |
Class R | Class R5 | |
Class I | Class Y | |
VK Retirement 2020 Strategy Fund | AIM Balanced-Risk Retirement 2020 Fund | |
Class A | Class A5 | |
Class C | Class C5 | |
Class R | Class R5 | |
Class I | Class Y | |
VK Retirement 2025 Strategy Fund | AIM Balanced-Risk Retirement 2020 Fund | |
Class A | Class A5 | |
Class C | Class C5 | |
Class R | Class R5 | |
Class I | Class Y | |
VK Retirement 2030 Strategy Fund | AIM Balanced-Risk Retirement 2030 Fund | |
Class A | Class A5 | |
Class C | Class C5 | |
Class R | Class R5 | |
Class I | Class Y | |
VK Retirement 2035 Strategy Fund | AIM Balanced-Risk Retirement 2030 Fund | |
Class A | Class A5 | |
Class C | Class C5 | |
Class R | Class R5 | |
Class I | Class Y | |
VK Retirement 2040 Strategy Fund | AIM Balanced-Risk Retirement 2040 Fund | |
Class A | Class A5 | |
Class C | Class C5 | |
Class R | Class R5 | |
Class I | Class Y | |
VK Retirement 2045 Strategy Fund | AIM Balanced-Risk Retirement 2040 Fund | |
Class A | Class A5 | |
Class C | Class C5 | |
Class R | Class R5 | |
Class I | Class Y |
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Table of Contents
VAN KAMPEN RETIREMENT STRATEGY TRUST | AIM GROWTH SERIES | |
(File No. 811-22188) | (File No. 811-02699) | |
VK FUND | ACQUIRING FUND | |
Share Classes | Share Classes | |
VK Retirement 2050 Strategy Fund | AIM Balanced-Risk Retirement 2050 Fund | |
Class A | Class A5 | |
Class C | Class C5 | |
Class R | Class R5 | |
Class I | Class Y |
A-2
Table of Contents
Underlying Fund | Underlying Fund’s Investment Objective and Primary Investment Strategy | |
Equity Funds | ||
Van Kampen American Value Fund | To seek to provide a high total return by investing in equity securities of small- to medium-sized corporations. The Fund’s investment adviser seeks to achieve the Fund’s investment objective by investing primarily in a portfolio of equity securities of small- to medium-sized U.S. corporations. | |
Van Kampen Capital Growth Fund | To seek capital growth. The Fund’s investment adviser seeks to achieve the Fund’s investment objective by investing in a portfolio of securities consisting primarily of common stocks that the Fund’s investment adviser believes have above-average potential for capital growth. | |
Van Kampen Core Equity Fund | To seek capital growth and income. Under normal market conditions, the Fund’s investment adviser seeks to achieve the Fund’s investment objective by investing primarily in a portfolio of common stocks and other equity securities of large capitalization companies that the Fund’s investment adviser believes are undervalued and have strong earnings momentum and relative strength. | |
Van Kampen Emerging Markets Fund | To seek to provide long-term capital appreciation by investing primarily in equity securities of emerging country issuers. | |
Van Kampen Growth and Income Fund | To seek income and long-term growth of capital. The Fund’s investment adviser seeks to achieve the Fund’s investment objective by investing primarily in a portfolio of income-producing equity securities, including common stocks and convertible securities (although investments are also made in non-convertible preferred stocks and debt securities). | |
Van Kampen International Growth Fund | Capital appreciation, with a secondary objective of income. The Fund’s investment adviser seeks to achieve the Fund’s investment objectives by investing primarily in a diversified portfolio of equity securities of issuers located in countries other than the United States. | |
Van Kampen Mid Cap Growth Fund | To seek capital growth. Under normal market conditions, the Fund’s investment adviser seeks to achieve the Fund’s investment objective by investing primarily in common stocks and other equity securities of medium-sized growth companies. | |
Russell U.S. Core Equity Fund | To seek to provide long term capital growth by investing primarily in common stocks of medium and large capitalization U.S. companies. | |
Russell U.S. Small & Mid Cap Fund | To seek to provide long term capital growth by investing primarily in common stocks of small and medium capitalization companies, most of which are U.S. based. | |
Russell International Developed Markets Fund | To seek to provide long term capital growth by investing primarily in equity securities, including common stocks and preferred stocks, issued by companies domiciled outside the U.S. and in depositary receipts, which represent ownership of securities of non- U.S. companies. |
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Underlying Fund | Underlying Fund’s Investment Objective and Primary Investment Strategy | |
Russell Emerging Markets Fund | To seek to provide long term capital growth by investing primarily in equity securities of companies that are located in countries with emerging markets or that derive a majority of their revenues from operations in such countries. | |
Fixed Income Funds | ||
Van Kampen High Yield Fund | To seek to maximize current income. Capital appreciation is a secondary objective which is sought only when consistent with the Fund’s primary investment objective. The Fund’s investment adviser seeks to achieve the Fund’s investment objectives by investing primarily in a portfolio of high-yielding, high-risk bonds and other income securities, such as convertible securities and preferred stock. | |
Russell Strategic Bond Fund | To seek to provide current income, and as a secondary objective, capital appreciation by investing primarily in bonds. | |
Alternative Investment Funds | ||
Russell Real Estate Securities Fund | To seek to provide current income and long term capital growth by concentrating its investments in equity securities of real estate companies, primarily companies known as real estate investment trusts and other real estate operating companies whose value is derived from ownership, development and management of underlying real estate properties. |
B-2
Table of Contents
B-3
Table of Contents
VK Funds’ Current Fundamental Borrowing Restriction | Acquiring Funds’ Current Fundamental Borrowing Restriction | |
(The VK Fund may not . . .) | (The Acquiring Fund may not . . .) | |
Issue senior securities nor borrow money, except each Fund may issue senior securities or borrow money to the extent permitted by (i) the 1940 Act, as amended from time to time, (ii) the rules and regulations promulgated by the SEC under the 1940 Act, as amended from time to time, or (iii) an exemption or other relief applicable to the Fund from the provisions of the 1940 Act, as amended from time to time. | Borrow money or issue senior securities, except as permitted by the 1940 Act and the rules and regulations promulgated thereunder, as such statute, rules and regulations are amended from time to time or are interpreted from time to time by the SEC staff (collectively, the “1940 Act Laws and Interpretations”) or except to the extent that the Fund may be permitted to do so by exemptive order or similar relief (collectively, with the 1940 Act Laws and Interpretations the “1940 Act Laws, Interpretations and Exemptions”). Non-Fundamental Restriction: In complying with the fundamental restriction, each Fund may borrow money in an amount not exceeding 33 1/3% of its total assets (including the amount borrowed) less liabilities (other than borrowings). Each Fund may borrow from banks, broker-dealers or an AIM Fund. Each Fund may not borrow for leveraging, but may borrow for temporary or emergency purposes, in anticipation of or in response to adverse market conditions, or for cash management purposes. Each Fund may not purchase additional securities when any borrowings from banks or broker dealers exceed 5% of the Fund’s total assets or when any borrowings from an AIM Fund are outstanding. |
VK Funds’ Current Fundamental Underwriting Restriction | Acquiring Funds’ Current Fundamental Underwriting Restriction | |
(The VK Fund may not . . .) | (The Acquiring Fund may not . . .) | |
Act as an underwriter of securities issued by others, except to the extent that, in connection with the disposition of portfolio securities, it may be deemed to be an underwriter under applicable securities laws. | Underwrite the securities of other issuers. This restriction dos not prevent each Fund from engaging in transactions involving the acquisition, disposition or resale of its portfolio securities, regardless of whether the Fund may be considered to be an underwriter under the 1933 Act. |
C-1
Table of Contents
VK Funds’ Current Fundamental Real Estate Restriction | Acquiring Funds’ Current Fundamental Real Estate Restriction | |
(The VK Fund may not . . .) | (The Acquiring Fund may not . . .) | |
Purchase or sell real estate except that each Fund may: (a) acquire or lease office space for its own use, (b) invest in securities of issuers that invest in real estate or interests therein or that are engaged in or operate in the real estate industry, (c) invest in securities that are secured by real estate or interests therein, (d) purchase and sell mortgage-related securities, (e) hold and sell real estate acquired by the Fund as a result of the ownership of securities and (f) as otherwise permitted by (i) the 1940 Act, as amended from time to time, (ii) the rules and regulations promulgated by the SEC under the 1940 Act, as amended from time to time, or (iii) an exemption or other relief applicable to the Fund from the provisions of the 1940 Act, as amended from time to time. | Purchase real estate or sell real estate unless acquired as a result of ownership of securities or other instruments. This restriction does not prevent each Fund from investing in issuers that invest, deal, or otherwise engage in transactions in real estate or interests therein, or investing in securities that are secured by real estate or interests therein. |
VK Funds’ Current Fundamental Commodities Restriction | Acquiring Funds’ Current Fundamental Commodities Restriction | |
(The VK Fund may not . . .) | (The Acquiring Fund may not . . .) | |
Purchase or sell physical commodities unless acquired as a result of ownership of securities or other instruments; provided that this restriction shall not prohibit the Fund from purchasing or selling options, futures contracts and related options thereon, forward contracts, swaps, caps, floors, collars and any other financial instruments or from investing in securities or other instruments backed by physical commodities or as otherwise permitted by (i) the 1940 Act, as amended from time to time, (ii) the rules and regulations promulgated by the SEC under the 1940 Act, as amended from time to time, or (iii) an exemption or other relief applicable to the Fund from the provisions of the 1940 Act, as amended from time to time. | Purchase physical commodities or sell physical commodities unless acquired as a result of ownership of securities or other instruments. This restriction does not prevent the Fund from engaging in transaction involving futures contracts and options thereon or investing in securities that are secured by physical commodities. Non-Fundamental Restriction: Notwithstanding the fundamental restriction, each Fund may not invest in any security (including futures contracts or options thereon) that is secured by physical commodities. Each of the Funds does not consider currencies or other financial commodities or contracts and financial instruments to be physical commodities. Each of the Funds does not consider currencies or other financial commodities or contracts and financial instruments to be physical commodities (which include, for example, oil, precious metals and grains). Accordingly, each Fund will interpret the restriction and the related non-fundamental restriction to permit the Funds, subject to each Fund’s investment objectives and general investment policies (as stated in the Funds’ prospectuses and herein), to invest directly in foreign currencies and other financial commodities and to purchase, sell or enter into commodity futures contracts and options thereon, foreign currency forward contracts, foreign currency options, currency-, commodity- and financial instrument-related swap agreements, hybrid instruments, interest rate or securities-related or foreign currency-related hedging instruments or other currency-, commodity- or financial instrument-related derivatives, subject to compliance with any applicable provisions of the federal securities or commodities laws. Each Fund also will interpret their fundamental restriction regarding purchasing and selling physical commodities and their related non-fundamental restriction to permit the Funds to invest in exchange-traded funds that invest in physical and/or financial commodities, subject to the limits described in the Funds’ prospectuses and herein. |
C-2
Table of Contents
VK Funds’ Current Fundamental Lending Restriction | Acquiring Funds’ Current Fundamental Lending Restriction | |
(The VK Fund may not . . .) | (The Acquiring Fund may not . . .) | |
Make loans of money or property to any person, except (a) to the extent that securities or interests in which the respective Fund may invest are considered to be loans, (b) through the loan of portfolio securities, (c) by engaging in repurchase agreements or (d) as may otherwise be permitted by (i) the 1940 Act, as amended from time to time, (ii) the rules and regulations promulgated by the SEC under the 1940 Act, as amended from time to time, or (iii) an exemption or other relief applicable to the respective Fund from the provisions of the 1940 Act, as amended from time to time. | Personal loans or loans of its assets to persons who control or are under common control with the Fund, except to the extent permitted by 1940 Act Laws, Interpretations and Exemptions. This restriction does not prevent each Fund from, among other things, purchasing debt obligations, entering into repurchase agreements, loaning its assets to broker-dealers or institutional investors, or investing in loans, including assignments and participation interests. Non-Fundamental Restriction: In complying with the fundamental restriction, each Fund may lend up to 33 1/3% of its total assets and may lend money to an AIM Fund, on such terms and conditions as the SEC may require in an exemptive order. |
VK Funds’ Current Fundamental Industry Concentration Restriction | Acquiring Funds’ Current Fundamental Industry Concentration | |
(The VK Fund may not . . .) | Restriction | |
Invest in any security if, as a result, 25% or more of the value of the Fund’s total assets, taken at market value at the time of each investment, are in securities of issuers in any particular industry except (a) securities issued or guaranteed by the U.S. government and its agencies and instrumentalities or securities of state and municipal governments or their political subdivisions, or (b) as otherwise provided by (i) the 1940 Act, as amended from time to time, (ii) the rules and regulations promulgated by the SEC under the 1940 Act, as amended from time to time, or (iii) an exemption or other relief applicable to the Fund from the provisions of the 1940 Act, as amended from time to time. Non-Fundamental Restriction: The Funds have an operating policy not to invest more than 25% of their respective assets in any Underlying Fund that concentrates its investments in any industry (i.e., an Underlying Fund that invests more than 25% of its assets, taken at market value at the time of each investment, in securities of issuers in any particular industry except securities issued or guaranteed by the U.S. government and its agencies and instrumentalities or securities of state and municipal governments or their political subdivisions). | Each Fund will make investments that will result in the concentration (as that term may be defined or interpreted by the 1940 Act Laws, Interpretations and Exemptions) of its investments in the securities of investment companies. This restriction does not limit each Fund’s investment in (i) obligations issued or guaranteed by the U.S. Government, its agencies or instrumentalities, or (ii) tax-exempt obligations issued by governments or political subdivisions of governments. In complying with this restriction, each Fund will not consider a bank-issued guaranty or financial guaranty insurance as a separate security. Non-Fundamental Restriction: In complying with the fundamental restriction, each Fund may invest up to 25% of its total assets in the securities of issuers whose principal business activities are in the same industry. |
C-3
Table of Contents
Acquiring Funds’ Current Fundamental Open-End Funds | ||
VK Funds’ Current Fundamental Open-End Funds Investment Policy | Investment Policy | |
No comparable policy | Each Fund may, notwithstanding any other fundamental investment policy or limitation, invest all of its assets in the securities of a single open-end management investment company with substantially the same fundamental investment objectives, policies and restrictions as each Fund. | |
Non-Fundamental Restriction: Notwithstanding the fundamental restriction, each Fund may not invest all of its assets in the securities of a single open-end management investment company with the same fundamental investment objectives, policies and restrictions as the Fund. |
C-4
Table of Contents
D-1
Table of Contents
Current | Pro Forma | |||||||||||||||||||||||||||||||||||||||||||||||
Van Kampen In Retirement Strategy Fund | ||||||||||||||||||||||||||||||||||||||||||||||||
+ | ||||||||||||||||||||||||||||||||||||||||||||||||
Van Kampen In Retirement Strategy Fund | AIM Balanced-Risk Retirement Now Fund | AIM Balanced-Risk Retirement Now Fund | ||||||||||||||||||||||||||||||||||||||||||||||
Class A | Class C | Class R | Class I | Class A5 | Class C5 | Class R5 | Class Y | Class A5 | Class C5 | Class R5 | Class Y | |||||||||||||||||||||||||||||||||||||
Shareholder Fees (Fees paid directly from your investment) | ||||||||||||||||||||||||||||||||||||||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | 5.75 | %1 | None | None | None | 5.50 | % | None | None | None | 5.50 | % | None | None | None | |||||||||||||||||||||||||||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) | None2 | 1.00 | %3 | None | None | None 2 | 1.00 | %3 | None | None | None 2 | 1.00 | %3 | None | None | |||||||||||||||||||||||||||||||||
Redemption Fees | None | None | None | None | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||||||||||||||
Account Maintenance (Low Balance) Fee (for accounts under $750) | $12/yr | $12/yr | None | $12/yr | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from Fund assets) | ||||||||||||||||||||||||||||||||||||||||||||||||
Management Fees | 0.10 | %4 | 0.10 | %4 | 0.10 | %4 | 0.10 | %4 | None 5 | None 5 | None 5 | None 5 | None 5 | None 5 | None 5 | None 5 | ||||||||||||||||||||||||||||||||
Distribution and Service (12b-1) Fees | 0.25 | % | 1.00 | % | 0.50 | % | None | 0.25 | % | 1.00 | % | 0.50 | % | None | 0.25 | % | 1.00 | % | 0.50 | % | None | |||||||||||||||||||||||||||
Other Expenses | 13.22 | %4 | 13.10 | %4 | 13.22 | %4 | 13.22 | %4 | 11.63 | % | 11.63 | % | 11.63 | % | 11.63 | % | 9.43 | % | 9.43 | % | 9.43 | % | 9.43 | % | ||||||||||||||||||||||||
Acquired Fund Fees and Expenses | 0.53 | %6 | 0.53 | %6 | 0.53 | %6 | 0.53 | %6 | 0.56 | %7 | 0.56 | %7 | 0.56 | %7 | 0.56 | %7 | 0.56 | %7 | 0.56 | %7 | 0.56 | %7 | 0.56 | %7 | ||||||||||||||||||||||||
Total Fund Operating Expenses | 14.10 | %4 | 14.73 | %4 | 14.35 | %4 | 13.85 | %4 | 12.44 | % | 13.19 | % | 12.69 | % | 12.19 | % | 10.24 | % | 10.99 | % | 10.49 | % | 9.99 | % | ||||||||||||||||||||||||
Fee Waiver | (13.10 | %) | (12.98 | %) | (13.10 | %) | (13.10 | %) | (11.63 | %)8 | (11.63 | %)8 | (11.63 | %)8 | (11.63 | %)8 | (9.43 | %)8 | (9.43 | %)8 | (9.43 | %)8 | (9.43 | %)8 | ||||||||||||||||||||||||
Annual Fund Operating Expenses after expense reimbursements | 1.00 | % | 1.75 | % | 1.25 | % | 0.75 | % | 0.81 | % | 1.56 | % | 1.06 | % | 0.56 | % | 0.81 | % | 1.56 | % | 1.06 | % | 0.56 | % | ||||||||||||||||||||||||
+ | Expense ratios reflect annual fund operating expenses for the most recent fiscal year of the Funds (August 31, 2009 for the VK Funds and December 31, 2008 for the Acquiring Funds). Because Class A5, C5 and R5 are new classes, the ratios shown for the Acquiring Funds are based on the expenses for Class A Shares, Class C Shares and Class R Shares. Total Annual Fund Operating Expenses for Class Y Shares are based on estimated amounts for the current fiscal year. Pro forma numbers are estimated as if the Reorganization had been completed as of December 31, 2008. | |
1. | Reduced for purchases of $50,000 and over. |
D-2
Table of Contents
2. | Investments of $1 million or more are not subject to any sales charge at the time of purchase, but a deferred sales charge 1.00% may be imposed on certain redemptions made within eighteen months of purchase. | |
3. | The maximum deferred sales charge is 1.00% in the first year after purchase and 0.00% thereafter. | |
4. | The VK Funds’ investment adviser intends to waive or reimburse all or a portion of each VK Fund’s other direct expenses (i.e., “direct” expenses are those expenses incurred directly by each VK Fund and include the above line items “management fees,” “distribution and/or service (12b-1) fees” and “other expenses”; and direct expenses do not include the above line item “Acquired Fund (i.e., Underlying Funds) fees and expenses”, as those are expenses incurred indirectly by each VK Fund in connection with each of its investments in such Acquired Funds) such that the aggregate expenses to be paid with respect to the above line items “management fees” and “other expenses” net of waivers/reimbursements for fiscal year ended August 31, 2010 do not exceed 0.22%. The fee waivers or expense reimbursements are expected to continue until such time that the VK Fund’s Board of Trustees acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action appropriate. | |
5. | The Acquiring Fund does not pay a management fee directly, however, the advisor receives a fee indirectly as a result of the funds’ investments in underlying funds also advised by Invesco Advisers. | |
6. | The VK Funds will not pay sales charges or annual distribution and service fee in connection with their investment in shares of the Underlying Funds. As the VK Funds invest in shares of the Underlying Funds, shareholders in the VK Funds bear indirectly the expenses of the Underlying Funds. Because the amount of the VK Funds’ assets invested in each of the Underlying Funds change over time, the amounts shown in the table are approximate amounts. | |
7. | Acquired Fund Fees and Expenses are not fees or expenses incurred by the fund directly, but are fees and expenses, including management fees, of the investment companies in which the fund invests. As a result, the Net Annual Fund Operating Expenses will exceed the expense limits below. You incur these fees and expenses indirectly through the valuation of the fund’s investment in those investment companies. The impact of the Acquired Fund Fees and Expenses are included in the total returns of the fund. In addition, the investment companies the Fund invests in also bears a portion of the fund fees and expenses of the investment companies they invests in which are estimated to be 0.07% for the Acquiring Fund. | |
8. | The Acquiring Fund’s adviser has contractually agreed, through at least April 30, 2011, to reimburse expenses to the extent necessary to limit Total Annual Fund Operating Expenses (excluding certain items discussed below) of Class A5, C5 and R5 shares to 0.25%, 1.00% and 0.50% of average daily net assets, respectively. In determining the Adviser’s obligation to reimburse expenses, the following expenses are not taken into account, and could cause the Net Annual Fund Operating Expenses to exceed the numbers reflected above: (i) interest; (ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary or non-routine items; (v) expenses related to a merger or reorganization, as approved by the Fund’s Board of Trustees; and (vi) expenses that the Fund has incurred but did not actually pay because of an expense offset arrangement. Currently, the expense offset arrangements from which the Fund may benefit are in the form of credits that the Fund receives from banks where the Fund or its transfer agent has deposit accounts in which it holds uninvested cash. These credits are used to pay certain expenses incurred by the Fund. In addition, upon closing of the Reorganization, the Acquiring Fund’s adviser has agreed through at least June 30, 2012 to limit the Acquiring Fund’s operating expenses (excluding certain items discussed above) to 0.47%, 1.22%, 0.72% and 0.22% for Class A5, C5, R5 and Y, respectively. |
D-3
Table of Contents
One | Three | Five | Ten | |||||||||||||
Fund | Year | Years | Years | Years | ||||||||||||
Van Kampen In Retirement Strategy Fund | ||||||||||||||||
Class A | $ | 671 | $ | 875 | $ | 1,096 | $ | 1,729 | ||||||||
Class C (if you redeem your shares) | $ | 278 | $ | 551 | $ | 949 | $ | 2,062 | ||||||||
Class C (if you did not redeem your shares) | $ | 176 | $ | 551 | $ | 949 | $ | 2,062 | ||||||||
Class R | $ | 153 | $ | 474 | $ | 818 | $ | 1,791 | ||||||||
Class I | $ | 77 | $ | 240 | $ | 417 | $ | 930 | ||||||||
AIM Balanced-Risk Retirement Now Fund | ||||||||||||||||
Class A5 | $ | 628 | $ | 2,899 | $ | 4,844 | $ | 8,575 | ||||||||
Class C5 (if you redeem your shares) | $ | 259 | $ | 2,669 | $ | 4,784 | $ | 8,731 | ||||||||
Class C5 (if you did not redeem your shares) | $ | 159 | $ | 2,669 | $ | 4,784 | $ | 8,731 | ||||||||
Class R5 | $ | 108 | $ | 2,547 | $ | 4,625 | $ | 8,574 | ||||||||
Class Y | $ | 57 | $ | 2,424 | $ | 4,462 | $ | 8,406 | ||||||||
Combined Pro Forma | ||||||||||||||||
(Van Kampen In Retirement Strategy Fund + AIM Balanced-Risk Retirement Now Fund) | ||||||||||||||||
Class A5 | $ | 628 | $ | 1,733 | $ | 3,620 | $ | 7,540 | ||||||||
Class C5 (if you redeem your shares) | $ | 259 | $ | 1,464 | $ | 3,544 | $ | 7,748 | ||||||||
Class C5 (if you did not redeem your shares) | $ | 159 | $ | 1,464 | $ | 3,544 | $ | 7,748 | ||||||||
Class R5 | $ | 108 | $ | 1,323 | $ | 3,349 | $ | 7,517 | ||||||||
Class Y | $ | 57 | $ | 1,180 | $ | 3,148 | $ | 7,272 |
D-4
Table of Contents
Current | Combined Pro Forma | |||||||||||||||||||||||||||||||
Van Kampen 2010 | ||||||||||||||||||||||||||||||||
Retirement Strategy | ||||||||||||||||||||||||||||||||
Fund | ||||||||||||||||||||||||||||||||
+ | ||||||||||||||||||||||||||||||||
Van Kampen 2010 | Van Kampen 2015 | |||||||||||||||||||||||||||||||
Retirement Strategy | Retirement Strategy | |||||||||||||||||||||||||||||||
Fund | Fund | |||||||||||||||||||||||||||||||
Van Kampen 2010 | + | + | ||||||||||||||||||||||||||||||
Retirement Strategy | AIM Balanced-Risk | AIM Balanced-Risk | AIM Balanced-Risk | |||||||||||||||||||||||||||||
Fund | Retirement 2010 Fund | Retirement 2010 Fund | Retirement 2010 Fund | |||||||||||||||||||||||||||||
Class A | Class C | Class A5 | Class C5 | Class A5 | Class C5 | Class A5 | Class C5 | |||||||||||||||||||||||||
Shareholder Fees (Fees paid directly from your investment) | ||||||||||||||||||||||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | 5.75 | %1 | None | 5.50 | % | None | 5.50 | % | None | 5.50 | % | None | ||||||||||||||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) | None2 | 1.00 | %3 | None2 | 1.00 | %3 | None2 | 1.00 | %3 | None2 | 1.00 | %3 | ||||||||||||||||||||
Redemption Fees | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Account Maintenance (Low Balance) Fee (for accounts under $750) | $12/yr | $12/yr | None | None | None | None | None | None | ||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from Fund assets) | ||||||||||||||||||||||||||||||||
Management Fees | 0.10 | %4 | 0.10 | %4 | None5 | None5 | None5 | None5 | None5 | None5 | ||||||||||||||||||||||
Distribution and Service (12b-1) Fees | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | ||||||||||||||||
Other Expenses | 14.39 | %4 | 14.39 | %4 | 5.21 | % | 5.21 | % | 4.66 | % | 4.66 | % | 4.22 | % | 4.22 | % | ||||||||||||||||
Acquired Fund Fees and Expenses | 0.72 | %6 | 0.72 | %6 | 0.56 | %7 | 0.56 | %7 | 0.56 | %7 | 0.56 | %7 | 0.56 | %7 | 0.56 | %7 | ||||||||||||||||
Total Fund Operating Expenses | 15.46 | %4 | 16.21 | %4 | 6.02 | % | 6.77 | % | 5.47 | % | 6.22 | % | 5.03 | % | 5.78 | % | ||||||||||||||||
Fee Waiver | (14.36 | %) | (14.36 | %) | (5.21 | %)8 | (5.21 | %)8 | (4.66 | %)8 | (4.66 | %)8 | (4.22 | %)8 | (4.22 | %)8 | ||||||||||||||||
Annual Fund Operating Expenses after expense reimbursements | 1.10 | % | 1.85 | % | 0.81 | % | 1.56 | % | 0.81 | % | 1.56 | % | 0.81 | % | 1.56 | % | ||||||||||||||||
D-5
Table of Contents
Current | Combined Pro Forma | |||||||||||||||||||||||||||||||
Van Kampen 2010 | ||||||||||||||||||||||||||||||||
Retirement Strategy | ||||||||||||||||||||||||||||||||
Fund | ||||||||||||||||||||||||||||||||
+ | ||||||||||||||||||||||||||||||||
Van Kampen 2010 | Van Kampen 2015 | |||||||||||||||||||||||||||||||
Retirement Strategy | Retirement Strategy | |||||||||||||||||||||||||||||||
Fund | Fund | |||||||||||||||||||||||||||||||
Van Kampen 2010 | + | + | ||||||||||||||||||||||||||||||
Retirement Strategy | AIM Balanced-Risk | AIM Balanced-Risk | AIM Balanced-Risk | |||||||||||||||||||||||||||||
Fund | Retirement 2010 Fund | Retirement 2010 Fund | Retirement 2010 Fund | |||||||||||||||||||||||||||||
Class R | Class I | Class R5 | Class Y | Class R5 | Class Y | Class R5 | Class Y | |||||||||||||||||||||||||
Shareholder Fees (Fees paid directly from your investment) | ||||||||||||||||||||||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Redemption Fees | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Account Maintenance (Low Balance) Fee (for accounts under $750) | None | $12/yr | None | None | None | None | None | None | ||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from Fund assets) | ||||||||||||||||||||||||||||||||
Management Fees | 0.10 | %4 | 0.10 | %4 | None5 | None5 | None5 | None5 | None5 | None5 | ||||||||||||||||||||||
Distribution and Service (12b-1) Fees | 0.50 | % | None | 0.50 | % | None | 0.50 | % | None | 0.50 | % | None | ||||||||||||||||||||
Other Expenses | 14.39 | %4 | 14.39 | %4 | 5.21 | % | 5.21 | % | 4.66 | % | 4.66 | % | 4.22 | % | 4.22 | % | ||||||||||||||||
Acquired Fund Fees and Expenses | 0.72 | %6 | 0.72 | %6 | 0.56 | %7 | 0.56 | %7 | 0.56 | %7 | 0.56 | %7 | 0.56 | %7 | 0.56 | %7 | ||||||||||||||||
Total Fund Operating Expenses | 15.71 | %4 | 15.21 | %4 | 6.27 | % | 5.77 | % | 5.72 | % | 5.22 | % | 5.28 | % | 4.78 | % | ||||||||||||||||
Fee Waiver | (14.36 | %) | (14.36 | %) | (5.21 | ) | (5.21 | %)8 | (4.66 | %)8 | (4.66 | %)8 | (4.22 | %)8 | (4.22 | %)8 | ||||||||||||||||
Annual Fund Operating Expenses after expense reimbursements | 1.35 | % | 0.85 | % | 1.06 | % | 0.56 | % | 1.06 | % | 0.56 | % | 1.06 | % | 0.56 | % | ||||||||||||||||
D-6
Table of Contents
+ | Expense ratios reflect annual fund operating expenses for the most recent fiscal year of the Funds (August 31, 2009 for the VK Funds and December 31, 2008 for the Acquiring Funds). Because Class A5, C5 and R5 are new classes, the ratios shown for the Acquiring Funds are based on the expenses for Class A Shares, Class C Shares and Class R Shares. Total Annual Fund Operating Expenses for Class Y Shares are based on estimated amounts for the current fiscal year. Pro forma numbers are estimated as if the Reorganization had been completed as of December 31, 2008. | |
1. | Reduced for purchases of $50,000 and over. | |
2. | Investments of $1 million or more are not subject to any sales charge at the time of purchase, but a deferred sales charge 1.00% may be imposed on certain redemptions made within eighteen months of purchase. | |
3. | The maximum deferred sales charge is 1.00% in the first year after purchase and 0.00% thereafter. | |
4. | The VK Funds’ investment adviser intends to waive or reimburse all or a portion of each VK Fund’s other direct expenses (i.e., “direct” expenses are those expenses incurred directly by each VK Fund and include the above line items “management fees,” “distribution and/or service (12b-1) fees” and “other expenses”; and direct expenses do not include the above line item “Acquired Fund (i.e., Underlying Funds) fees and expenses”, as those are expenses incurred indirectly by each VK Fund in connection with each of its investments in such Acquired Funds) such that the aggregate expenses to be paid with respect to the above line items “management fees” and “other expenses” net of waivers/reimbursements for fiscal year ended August 31, 2010 do not exceed 0.13%. The fee waivers or expense reimbursements are expected to continue until such time that the VK Fund’s Board of Trustees acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action appropriate. | |
5. | The Acquiring Fund does not pay a management fee directly, however, the advisor receives a fee indirectly as a result of the funds’ investments in underlying funds also advised by Invesco Advisers. | |
6. | The VK Funds will not pay sales charges or annual distribution and service fee in connection with their investment in shares of the Underlying Funds. As the VK Funds invest in shares of the Underlying Funds, shareholders in the VK Funds bear indirectly the expenses of the Underlying Funds. Because the amount of the VK Funds’ assets invested in each of the Underlying Funds change over time, the amounts shown in the table are approximate amounts. | |
7. | Acquired Fund Fees and Expenses are not fees or expenses incurred by the fund directly, but are fees and expenses, including management fees, of the investment companies in which the fund invests. As a result, the Net Annual Fund Operating Expenses will exceed the expense limits below. You incur these fees and expenses indirectly through the valuation of the fund’s investment in those investment companies. The impact of the Acquired Fund Fees and Expenses are included in the total returns of the fund. In addition, the investment companies the Fund invests in also bears a portion of the fund fees and expenses of the investment companies they invests in which are estimated to be 0.07% for the Acquiring Fund. | |
8. | The Acquiring Fund’s adviser has contractually agreed, through at least April 30, 2011, to reimburse expenses to the extent necessary to limit Total Annual Fund Operating Expenses (excluding certain items discussed below) of Class A5, C5 and R5 shares to 0.25%, 1.00% and 0.50% of average daily net assets, respectively. In determining the Adviser’s obligation to reimburse expenses, the following expenses are not taken into account, and could cause the Net Annual Fund Operating Expenses to exceed the numbers reflected above: (i) interest; (ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary or non-routine items; (v) expenses related to a merger or reorganization, as approved by the Fund’s Board of Trustees; and (vi) expenses that the Fund has incurred but did not actually pay because of an expense offset arrangement. Currently, the expense offset arrangements from which the Fund may benefit are in the form of credits that the Fund receives from banks where the Fund or its transfer agent has deposit accounts in which it holds uninvested cash. These credits are used to pay certain expenses incurred by the Fund. In addition, upon closing of the Reorganization, the Acquiring Fund’s adviser has agreed through at least June 30, 2012 to limit the Acquiring Fund’s operating expenses (excluding certain items discussed above) to 0.38%, 1.13%, 0.63% and 0.13% for Class A5, C5, R5 and Y, respectively. |
D-7
Table of Contents
One | Three | Five | Ten | |||||||||||||
Fund | Year | Years | Years | Years | ||||||||||||
Van Kampen 2010 Retirement Strategy Fund | ||||||||||||||||
Class A | $ | 681 | $ | 905 | $ | 1,146 | $ | 1,838 | ||||||||
Class C (if you redeem your shares) | $ | 288 | $ | 582 | $ | 1,001 | $ | 2,169 | ||||||||
Class C (if you did not redeem your shares) | $ | 188 | $ | 582 | $ | 1,001 | $ | 2,169 | ||||||||
Class R | $ | 137 | $ | 428 | $ | 739 | $ | 1,624 | ||||||||
Class I | $ | 87 | $ | 271 | $ | 471 | $ | 1,049 | ||||||||
AIM Balanced-Risk Retirement 2010 Fund | ||||||||||||||||
Class A5 | $ | 628 | $ | 1,802 | $ | 2,951 | $ | 5,724 | ||||||||
Class C5 (if you redeem your shares) | $ | 259 | $ | 1,535 | $ | 2,862 | $ | 5,981 | ||||||||
Class C5 (if you did not redeem your shares) | $ | 159 | $ | 1,535 | $ | 2,862 | $ | 5,981 | ||||||||
Class R5 | $ | 108 | $ | 1,395 | $ | 2,649 | $ | 5,649 | ||||||||
Class Y | $ | 57 | $ | 1,253 | $ | 2,431 | $ | 5,296 | ||||||||
Combined Pro Forma | ||||||||||||||||
(Van Kampen 2010 Retirement Strategy Fund + AIM Balanced-Risk Retirement 2010 Fund) | ||||||||||||||||
Class A5 | $ | 628 | $ | 1,270 | $ | 2,382 | $ | 5,116 | ||||||||
Class C5 (if you redeem your shares) | $ | 259 | $ | 984 | $ | 2,283 | $ | 5,394 | ||||||||
Class C5 (if you did not redeem your shares) | $ | 159 | $ | 984 | $ | 2,283 | $ | 5,394 | ||||||||
Class R5 | $ | 108 | $ | 836 | $ | 2,054 | $ | 5,024 | ||||||||
Class Y | $ | 57 | $ | 686 | $ | 1,820 | $ | 4,632 | ||||||||
Combined Pro Forma | ||||||||||||||||
(Van Kampen 2010 Retirement Strategy Fund + Van Kampen 2015 Retirement Strategy Fund + AIM Balanced-Risk Retirement 2010 Fund) | ||||||||||||||||
Class A5 | $ | 628 | $ | 1,226 | $ | 2,257 | $ | 4,833 | ||||||||
Class C5 (if you redeem your shares) | $ | 259 | $ | 939 | $ | 2,157 | $ | 5,119 | ||||||||
Class C5 (if you did not redeem your shares) | $ | 159 | $ | 939 | $ | 2,157 | $ | 5,119 | ||||||||
Class R5 | $ | 108 | $ | 790 | $ | 1,925 | $ | 4,733 | ||||||||
Class Y | $ | 57 | $ | 639 | $ | 1,686 | $ | 4,325 |
D-8
Table of Contents
Current | Combined Pro Forma | |||||||||||||||||||||||||||||||
Van Kampen 2010 | ||||||||||||||||||||||||||||||||
Retirement Strategy Fund | ||||||||||||||||||||||||||||||||
Van Kampen 2015 | + | |||||||||||||||||||||||||||||||
Retirement Strategy | Van Kampen 2015 | |||||||||||||||||||||||||||||||
Fund | Retirement Strategy Fund | |||||||||||||||||||||||||||||||
Van Kampen 2015 | + | + | ||||||||||||||||||||||||||||||
Retirement Strategy | AIM Balanced-Risk | AIM Balanced-Risk | AIM Balanced-Risk | |||||||||||||||||||||||||||||
Fund | Retirement 2010 Fund | Retirement 2010 Fund | Retirement 2010 Fund | |||||||||||||||||||||||||||||
Class A | Class C | Class A5 | Class C5 | Class A5 | Class C5 | Class A5 | Class C5 | |||||||||||||||||||||||||
Shareholder Fees (Fees paid directly from your investment) | ||||||||||||||||||||||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | 5.75 | %1 | None | 5.50 | % | None | 5.50 | % | None | 5.50 | % | None | ||||||||||||||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) | None2 | 1.00 | %3 | None 2 | 1.00 | %3 | None 2 | 1.00 | %3 | None 2 | 1.00 | %3 | ||||||||||||||||||||
Redemption Fees | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Account Maintenance (Low Balance) Fee (for accounts under $750) | $12/yr | $12/yr | None | None | None | None | None | None | ||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from Fund assets) | ||||||||||||||||||||||||||||||||
Management Fees | 0.10 | %4 | 0.10 | %4 | None 5 | None 5 | None 5 | None 5 | None 5 | None 5 | ||||||||||||||||||||||
Distribution and Service (12b-1) Fees | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | ||||||||||||||||
Other Expenses | 8.85 | %4 | 8.85 | %4 | 5.21 | % | 5.21 | % | 4.67 | % | 4.67 | % | 4.22 | % | 4.22 | % | ||||||||||||||||
Acquired Fund Fees and Expenses | 0.73 | %6 | 0.73 | %6 | 0.56 | %7 | 0.56 | %7 | 0.56 | %7 | 0.56 | %7 | 0.56 | %7 | 0.56 | %7 | ||||||||||||||||
Total Fund Operating Expenses | 9.93 | %4 | 10.68 | %4 | 6.02 | % | 6.77 | % | 5.48 | % | 6.23 | % | 5.03 | % | 5.78 | % | ||||||||||||||||
Fee Waiver | (8.78 | %) | (8.78 | %) | (5.21% | )8 | (5.21 | %)8 | (4.67 | %)8,9 | (4.67 | %)8,9 | (4.22 | %)8,10 | (4.22% | )8,10 | ||||||||||||||||
Annual Fund Operating Expenses after expense reimbursements | 1.15 | % | 1.90 | % | 0.81 | % | 1.56 | % | 0.81 | % | 1.56 | % | 0.81 | % | 1.56 | % | ||||||||||||||||
D-9
Table of Contents
Current | Pro Forma | |||||||||||||||||||||||||||||||
Van Kampen 2010 | ||||||||||||||||||||||||||||||||
Retirement Strategy | ||||||||||||||||||||||||||||||||
Fund | ||||||||||||||||||||||||||||||||
+ | ||||||||||||||||||||||||||||||||
Van Kampen 2015 | ||||||||||||||||||||||||||||||||
Van Kampen 2015 | Retirement Strategy | |||||||||||||||||||||||||||||||
Retirement Strategy Fund | Fund | |||||||||||||||||||||||||||||||
Van Kampen 2015 | + | + | ||||||||||||||||||||||||||||||
Retirement Strategy | AIM Balanced-Risk | AIM Balanced-Risk | AIM Balanced-Risk | |||||||||||||||||||||||||||||
Fund | Retirement 2010 Fund | Retirement 2010 Fund | Retirement 2010 Fund | |||||||||||||||||||||||||||||
Class R | Class I | Class R5 | Class Y | Class R5 | Class Y | Class R5 | Class Y | |||||||||||||||||||||||||
Shareholder Fees (Fees paid directly from your investment) | ||||||||||||||||||||||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Redemption Fees | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Account Maintenance (Low Balance) Fee (for accounts under $750) | None | $12/yr | None | None | None | None | None | None | ||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from Fund assets) | ||||||||||||||||||||||||||||||||
Management Fees | 0.10 | %4 | 0.10 | %4 | None 5 | None 5 | None 5 | None 5 | None 5 | None 5 | ||||||||||||||||||||||
Distribution and Service (12b-1) Fees | 0.50 | % | None | 0.50 | % | None | 0.50 | % | None | 0.50 | % | None | ||||||||||||||||||||
Other Expenses | 8.85 | %4 | 8.85 | %4 | 5.21 | % | 5.21 | % | 4.67 | % | 4.67 | % | 4.22 | % | 4.22 | % | ||||||||||||||||
Acquired Fund Fees and Expenses | 0.73 | %6 | 0.73 | %6 | 0.56 | %7 | 0.56 | %7 | 0.56 | %7 | 0.56 | %7 | 0.56 | %7 | 0.56 | %7 | ||||||||||||||||
Total Fund Operating Expenses | 10.18 | %4 | 9.68 | %4 | 6.27 | % | 5.77 | % | 5.73 | % | 5.23 | % | 5.28 | % | 4.78 | % | ||||||||||||||||
Fee Waiver | (8.78 | %) | (8.78 | %) | (5.21 | %)8 | (5.21 | %)8 | (4.67 | %)8,9 | (4.67 | %)8,9 | (4.22 | %)8,10 | (4.22 | %)8,10 | ||||||||||||||||
Annual Fund Operating Expenses after expense reimbursements | 1.40 | % | 0.90 | % | 1.06 | % | 0.56 | % | 1.06 | % | 0.56 | % | 1.06 | % | 0.56 | % | ||||||||||||||||
D-10
Table of Contents
+ | Expense ratios reflect annual fund operating expenses for the most recent fiscal year of the Funds (August 31, 2009 for the VK Funds and December 31, 2008 for the Acquiring Funds). Because Class A5, C5 and R5 are new classes, the ratios shown for the Acquiring Funds are based on the expenses for Class A Shares, Class C Shares and Class R Shares. Total Annual Fund Operating Expenses for Class Y Shares are based on estimated amounts for the current fiscal year. Pro forma numbers are estimated as if the Reorganization had been completed as of December 31, 2008. | |
1. | Reduced for purchases of $50,000 and over. | |
2. | Investments of $1 million or more are not subject to any sales charge at the time of purchase, but a deferred sales charge 1.00% may be imposed on certain redemptions made within eighteen months of purchase. | |
3. | The maximum deferred sales charge is 1.00% in the first year after purchase and 0.00% thereafter. | |
4. | The VK Funds’ investment adviser intends to waive or reimburse all or a portion of each VK Fund’s other direct expenses (i.e., “direct” expenses are those expenses incurred directly by each VK Fund and include the above line items “management fees,” “distribution and/or service (12b-1) fees” and “other expenses”; and direct expenses do not include the above line item “Acquired Fund (i.e., Underlying Funds) fees and expenses”, as those are expenses incurred indirectly by each VK Fund in connection with each of its investments in such Acquired Funds) such that the aggregate expenses to be paid with respect to the above line items “management fees” and “other expenses” net of waivers/reimbursements for fiscal year ended August 31, 2010 do not exceed 0.17%. The fee waivers or expense reimbursements are expected to continue until such time that the VK Fund’s Board of Trustees acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action appropriate. | |
5. | The Acquiring Fund does not pay a management fee directly, however, the advisor receives a fee indirectly as a result of the funds’ investments in underlying funds also advised by Invesco Advisers. | |
6. | The VK Funds will not pay sales charges or annual distribution and service fee in connection with their investment in shares of the Underlying Funds. As the VK Funds invest in shares of the Underlying Funds, shareholders in the VK Funds bear indirectly the expenses of the Underlying Funds. Because the amount of the VK Funds’ assets invested in each of the Underlying Funds change over time, the amounts shown in the table are approximate amounts. | |
7. | Acquired Fund Fees and Expenses are not fees or expenses incurred by the fund directly, but are fees and expenses, including management fees, of the investment companies in which the fund invests. As a result, the Net Annual Fund Operating Expenses will exceed the expense limits below. You incur these fees and expenses indirectly through the valuation of the fund’s investment in those investment companies. The impact of the Acquired Fund Fees and Expenses are included in the total returns of the fund. In addition, the investment companies the Fund invests in also bears a portion of the fund fees and expenses of the investment companies they invests in which are estimated to be 0.07% for the Acquiring Fund. | |
8. | The Acquiring Fund’s adviser has contractually agreed, through at least April 30, 2011, to reimburse expenses to the extent necessary to limit Total Annual Fund Operating Expenses (excluding certain items discussed below) of Class A5, C5 and R5 shares to 0.25%, 1.00% and 0.50% of average daily net assets, respectively. In determining the Adviser’s obligation to reimburse expenses, the following expenses are not taken into account, and could cause the Net Annual Fund Operating Expenses to exceed the numbers reflected above: (i) interest; (ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary or non-routine items; (v) expenses related to a merger or reorganization, as approved by the Fund’s Board of Trustees; and (vi) expenses that the Fund has incurred but did not actually pay because of an expense offset arrangement. Currently, the expense offset arrangements from which the Fund may benefit are in the form of credits that the Fund receives from banks where the Fund or its transfer agent has deposit accounts in which it holds uninvested cash. These credits are used to pay certain expenses incurred by the Fund. | |
9. | In addition, the Acquiring Fund’s adviser has agreed through at least June 30, 2012 to limit the Acquiring Fund’s operating expenses (excluding certain items discussed above) to 0.42%, 1.17%, 0.67% and 0.17% for Class A5, C5, R5 and Y, respectively. | |
10. | In addition, the Acquiring Fund’s adviser has agreed through at least June 30, 2012 to limit the Acquiring Fund’s operating expenses (excluding certain items discussed above) to 0.38%, 1.13%, 0.63% and 0.13% for Class A5, C5, R5 and Y, respectively. |
D-11
Table of Contents
One | Three | Five | Ten | |||||||||||||
Fund | Year | Years | Years | Years | ||||||||||||
Van Kampen 2015 Retirement Strategy Fund | ||||||||||||||||
Class A | $ | 685 | $ | 919 | $ | 1,172 | $ | 1,892 | ||||||||
Class C (if you redeem your shares) | $ | 293 | $ | 597 | $ | 1,026 | $ | 2,222 | ||||||||
Class C (if you did not redeem your shares) | $ | 193 | $ | 597 | $ | 1,026 | $ | 2,222 | ||||||||
Class R | $ | 143 | $ | 443 | $ | 766 | $ | 1,680 | ||||||||
Class I | $ | 92 | $ | 287 | $ | 498 | $ | 1,108 | ||||||||
AIM Balanced-Risk Retirement 2010 Fund | ||||||||||||||||
Class A5 | $ | 628 | $ | 1,802 | $ | 2,951 | $ | 5,724 | ||||||||
Class C5 (if you redeem your shares) | $ | 259 | $ | 1,535 | $ | 2,862 | $ | 5,981 | ||||||||
Class C5 (if you did not redeem your shares) | $ | 159 | $ | 1,535 | $ | 2,862 | $ | 5,981 | ||||||||
Class R5 | $ | 108 | $ | 1,395 | $ | 2,649 | $ | 5,649 | ||||||||
Class Y | $ | 57 | $ | 1,253 | $ | 2,431 | $ | 5,296 | ||||||||
Combined Pro Forma | ||||||||||||||||
(Van Kampen 2015 Retirement Strategy Fund + AIM Balanced-Risk Retirement 2010 Fund) | ||||||||||||||||
Class A5 | $ | 628 | $ | 1,271 | $ | 2,384 | $ | 5,122 | ||||||||
Class C5 (if you redeem your shares) | $ | 259 | $ | 985 | $ | 2,286 | $ | 5,400 | ||||||||
Class C5 (if you did not redeem your shares) | $ | 159 | $ | 985 | $ | 2,286 | $ | 5,400 | ||||||||
Class R5 | $ | 108 | $ | 837 | $ | 2,057 | $ | 5,030 | ||||||||
Class Y | $ | 57 | $ | 687 | $ | 1,823 | $ | 4,639 | ||||||||
Combined Pro Forma | ||||||||||||||||
(Van Kampen 2010 Retirement Strategy Fund + Van Kampen 2015 Retirement Strategy Fund + AIM Balanced-Risk Retirement 2010 Fund) | ||||||||||||||||
Class A5 | $ | 628 | $ | 1,226 | $ | 2,257 | $ | 4,833 | ||||||||
Class C5 (if you redeem your shares) | $ | 259 | $ | 939 | $ | 2,157 | $ | 5,119 | ||||||||
Class C5 (if you did not redeem your shares) | $ | 159 | $ | 939 | $ | 2,157 | $ | 5,119 | ||||||||
Class R5 | $ | 108 | $ | 790 | $ | 1,925 | $ | 4,733 | ||||||||
Class Y | $ | 57 | $ | 639 | $ | 1,686 | $ | 4,325 |
D-12
Table of Contents
Current | Combined Pro Forma | |||||||||||||||||||||||||||||||
Van Kampen 2020 | ||||||||||||||||||||||||||||||||
Retirement Strategy | ||||||||||||||||||||||||||||||||
Fund | ||||||||||||||||||||||||||||||||
+ | ||||||||||||||||||||||||||||||||
Van Kampen 2020 | Van Kampen 2025 | |||||||||||||||||||||||||||||||
Retirement Strategy | Retirement Strategy | |||||||||||||||||||||||||||||||
Fund | Fund | |||||||||||||||||||||||||||||||
Van Kampen 2020 | + | + | ||||||||||||||||||||||||||||||
Retirement Strategy | AIM Balanced-Risk | AIM Balanced-Risk | AIM Balanced-Risk | |||||||||||||||||||||||||||||
Fund | Retirement 2020 Fund | Retirement 2020 Fund | Retirement 2020 Fund | |||||||||||||||||||||||||||||
Class A | Class C | Class A5 | Class C5 | Class A5 | Class C5 | Class A5 | Class C5 | |||||||||||||||||||||||||
Shareholder Fees (Fees paid directly from your investment) | ||||||||||||||||||||||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | 5.75 | %1 | None | 5.50 | % | None | 5.50 | % | None | 5.50 | % | None | ||||||||||||||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) | None2 | 1.00 | %3 | None 2 | 1.00 | %3 | None 2 | 1.00 | %3 | None 2 | 1.00 | %3 | ||||||||||||||||||||
Redemption Fees | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Account Maintenance (Low Balance) Fee (for accounts under $750) | $12/yr | $12/yr | None | None | None | None | None | None | ||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from Fund assets) | ||||||||||||||||||||||||||||||||
Management Fees | 0.10 | %4 | 0.10 | %4 | None 5 | None 5 | None 5 | None 5 | None 5 | None 5 | ||||||||||||||||||||||
Distribution and Service (12b-1) Fees | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | ||||||||||||||||
Other Expenses | 11.10 | %4 | 11.09 | %4 | 3.23 | % | 3.23 | % | 3.05 | % | 3.05 | % | 2.90 | % | 2.90 | % | ||||||||||||||||
Acquired Fund Fees and Expenses | 0.77 | %6 | 0.77 | %6 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | ||||||||||||||||
Total Fund Operating Expenses | 12.22 | %4 | 12.96 | %4 | 4.27 | % | 5.02 | % | 4.09 | % | 4.84 | % | 3.94 | % | 4.69 | % | ||||||||||||||||
Fee Waiver | (11.02 | %) | (11.01 | %) | (3.22 | %)8 | (3.22 | %)8 | (3.04 | %)8,9 | (3.04 | %)8,9 | (2.89 | %)8,10 | (2.89 | %)8,10 | ||||||||||||||||
Annual Fund Operating Expenses after expense reimbursements | 1.20 | % | 1.95 | % | 1.05 | % | 1.80 | % | 1.05 | % | 1.80 | % | 1.05 | % | 1.80 | % | ||||||||||||||||
D-13
Table of Contents
Current | Pro Forma | |||||||||||||||||||||||||||||||
Van Kampen 2020 | ||||||||||||||||||||||||||||||||
Retirement Strategy | ||||||||||||||||||||||||||||||||
Fund | ||||||||||||||||||||||||||||||||
+ | ||||||||||||||||||||||||||||||||
Van Kampen 2025 | ||||||||||||||||||||||||||||||||
Van Kampen 2020 | Retirement Strategy | |||||||||||||||||||||||||||||||
Retirement Strategy Fund | Fund | |||||||||||||||||||||||||||||||
Van Kampen 2020 | + | + | ||||||||||||||||||||||||||||||
Retirement Strategy | AIM Balanced-Risk | AIM Balanced-Risk | AIM Balanced-Risk | |||||||||||||||||||||||||||||
Fund | Retirement 2020 Fund | Retirement 2020 Fund | Retirement 2020 Fund | |||||||||||||||||||||||||||||
Class R | Class I | Class R5 | Class Y | Class R5 | Class Y | Class R5 | Class Y | |||||||||||||||||||||||||
Shareholder Fees (Fees paid directly from your investment) | ||||||||||||||||||||||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Redemption Fees | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Account Maintenance (Low Balance) Fee (for accounts under $750) | None | $12/yr | None | None | None | None | None | None | ||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from Fund assets) | ||||||||||||||||||||||||||||||||
Management Fees | 0.10 | %4 | 0.10 | %4 | None 5 | None 5 | None 5 | None 5 | None 5 | None 5 | ||||||||||||||||||||||
Distribution and Service (12b-1) Fees | 0.50 | % | None | 0.50 | % | None | 0.50 | % | None | 0.50 | % | None | ||||||||||||||||||||
Other Expenses | 11.10 | %4 | 11.10 | %4 | 3.23 | % | 3.23 | % | 3.05 | % | 3.05 | % | 2.90 | % | 2.90 | % | ||||||||||||||||
Acquired Fund Fees and Expenses | 0.77 | %6 | 0.77 | %6 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | ||||||||||||||||
Total Fund Operating Expenses | 12.47 | %4 | 11.97 | %4 | 4.52 | % | 4.02 | % | 4.34 | % | 3.84 | % | 4.19 | % | 3.69 | % | ||||||||||||||||
Fee Waiver | (11.02 | %) | (11.02 | %) | (3.22 | %)8 | (3.22 | %)8 | (3.04 | %)8,9 | (3.04 | %)8,9 | (2.89 | %)8,10 | (2.89 | %)8,10 | ||||||||||||||||
Annual Fund Operating Expenses after expense reimbursements | 1.45 | % | 0.95 | % | 1.30 | % | 0.80 | % | 1.30 | % | 0.80 | % | 1.30 | % | 0.80 | % | ||||||||||||||||
D-14
Table of Contents
+ | Expense ratios reflect annual fund operating expenses for the most recent fiscal year of the Funds (August 31, 2009 for the VK Funds and December 31, 2008 for the Acquiring Funds). Because Class A5, C5 and R5 are new classes, the ratios shown for the Acquiring Funds are based on the expenses for Class A Shares, Class C Shares and Class R Shares. Total Annual Fund Operating Expenses for Class Y Shares are based on estimated amounts for the current fiscal year. Pro forma numbers are estimated as if the Reorganization had been completed as of December 31, 2008. | |
1. | Reduced for purchases of $50,000 and over. | |
2. | Investments of $1 million or more are not subject to any sales charge at the time of purchase, but a deferred sales charge 1.00% may be imposed on certain redemptions made within eighteen months of purchase. | |
3. | The maximum deferred sales charge is 1.00% in the first year after purchase and 0.00% thereafter. | |
4. | The VK Funds’ investment adviser intends to waive or reimburse all or a portion of each VK Fund’s other direct expenses (i.e., “direct” expenses are those expenses incurred directly by each VK Fund and include the above line items “management fees,” “distribution and/or service (12b-1) fees” and “other expenses”; and direct expenses do not include the above line item “Acquired Fund (i.e., Underlying Funds) fees and expenses”, as those are expenses incurred indirectly by each VK Fund in connection with each of its investments in such Acquired Funds) such that the aggregate expenses to be paid with respect to the above line items “management fees” and “other expenses” net of waivers/reimbursements for fiscal year ended August 31, 2010 do not exceed 0.18%. The fee waivers or expense reimbursements are expected to continue until such time that the VK Fund’s Board of Trustees acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action appropriate. | |
5. | The Acquiring Fund does not pay a management fee directly, however, the advisor receives a fee indirectly as a result of the funds’ investments in underlying funds also advised by Invesco Advisers. | |
6. | The VK Funds will not pay sales charges or annual distribution and service fee in connection with their investment in shares of the Underlying Funds. As the VK Funds invest in shares of the Underlying Funds, shareholders in the VK Funds bear indirectly the expenses of the Underlying Funds. Because the amount of the VK Funds’ assets invested in each of the Underlying Funds change over time, the amounts shown in the table are approximate amounts. | |
7. | Acquired Fund Fees and Expenses are not fees or expenses incurred by the fund directly, but are fees and expenses, including management fees, of the investment companies in which the fund invests. As a result, the Net Annual Fund Operating Expenses will exceed the expense limits below. You incur these fees and expenses indirectly through the valuation of the fund’s investment in those investment companies. The impact of the Acquired Fund Fees and Expenses are included in the total returns of the fund. In addition, the investment companies the Fund invests in also bears a portion of the fund fees and expenses of the investment companies they invests in which are estimated to be 0.12% for the Acquiring Fund. | |
8. | The Acquiring Fund’s adviser has contractually agreed, through at least April 30, 2011, to reimburse expenses to the extent necessary to limit Total Annual Fund Operating Expenses (excluding certain items discussed below) of Class A5, C5 and R5 shares to 0.25%, 1.00% and 0.50% of average daily net assets, respectively. In determining the Adviser’s obligation to reimburse expenses, the following expenses are not taken into account, and could cause the Net Annual Fund Operating Expenses to exceed the numbers reflected above: (i) interest; (ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary or non-routine items; (v) expenses related to a merger or reorganization, as approved by the Fund’s Board of Trustees; and (vi) expenses that the Fund has incurred but did not actually pay because of an expense offset arrangement. Currently, the expense offset arrangements from which the Fund may benefit are in the form of credits that the Fund receives from banks where the Fund or its transfer agent has deposit accounts in which it holds uninvested cash. These credits are used to pay certain expenses incurred by the Fund. | |
9. | In addition, the Acquiring Fund’s adviser has agreed through at least June 30, 2012 to limit the Acquiring Fund’s operating expenses (excluding certain items discussed above) to 0.43%, 1.18%, 0.68% and 0.18% for Class A5, C5, R5 and Y, respectively. | |
10. | In addition, the Acquiring Fund’s adviser has agreed through at least June 30, 2012 to limit the Acquiring Fund’s operating expenses (excluding certain items discussed above) to 0.41%, 1.16%, 0.66% and 0.16% for Class A5, C5, R5 and Y, respectively |
D-15
Table of Contents
One | Three | Five | Ten | |||||||||||||
Fund | Year | Years | Years | Years | ||||||||||||
Van Kampen 2020 Retirement Strategy Fund | ||||||||||||||||
Class A | $ | 690 | $ | 934 | $ | 1,197 | $ | 1,946 | ||||||||
Class C (if you redeem your shares) | $ | 298 | $ | 612 | $ | 1,052 | $ | 2,275 | ||||||||
Class C (if you did not redeem your shares) | $ | 198 | $ | 612 | $ | 1,052 | $ | 2,275 | ||||||||
Class R | $ | 148 | $ | 459 | $ | 792 | $ | 1,735 | ||||||||
Class I | $ | 97 | $ | 303 | $ | 525 | $ | 1,166 | ||||||||
AIM Balanced-Risk Retirement 2020 Fund | ||||||||||||||||
Class A5 | $ | 651 | $ | 1,496 | $ | 2,354 | $ | 4,553 | ||||||||
Class C5 (if you redeem your shares) | $ | 283 | $ | 1,219 | $ | 2,254 | $ | 4,841 | ||||||||
Class C5 (if you did not redeem your shares) | $ | 183 | $ | 1,219 | $ | 2,254 | $ | 4,841 | ||||||||
Class R5 | $ | 132 | $ | 1,074 | $ | 2,025 | $ | 4,443 | ||||||||
Class Y | $ | 82 | $ | 928 | $ | 1,790 | $ | 4,022 | ||||||||
Combined Pro Forma | ||||||||||||||||
(Van Kampen 2020 Retirement Strategy Fund + AIM Balanced-Risk Retirement 2020 Fund) | ||||||||||||||||
Class A5 | $ | 651 | $ | 1,176 | $ | 2,026 | $ | 4,222 | ||||||||
Class C5 (if you redeem your shares) | $ | 283 | $ | 887 | $ | 1,922 | $ | 4,522 | ||||||||
Class C5 (if you did not redeem your shares) | $ | 183 | $ | 887 | $ | 1,922 | $ | 4,522 | ||||||||
Class R5 | $ | 132 | $ | 738 | $ | 1,684 | $ | 4,103 | ||||||||
Class Y | $ | 82 | $ | 586 | $ | 1,440 | $ | 3,661 | ||||||||
Combined Pro Forma | ||||||||||||||||
(Van Kampen 2020 Retirement Strategy Fund + Van Kampen 2025 Retirement Strategy Fund + AIM Balanced-Risk Retirement 2020 Fund) | ||||||||||||||||
Class A5 | $ | 651 | $ | 1,161 | $ | 1,983 | $ | 4,115 | ||||||||
Class C5 (if you redeem your shares) | $ | 283 | $ | 872 | $ | 1,877 | $ | 4,417 | ||||||||
Class C5 (if you did not redeem your shares) | $ | 183 | $ | 872 | $ | 1,877 | $ | 4,417 | ||||||||
Class R5 | $ | 132 | $ | 722 | $ | 1,638 | $ | 3,993 | ||||||||
Class Y | $ | 82 | $ | 570 | $ | 1,393 | $ | 3,545 |
D-16
Table of Contents
Current | Pro Forma | |||||||||||||||||||||||||||||||
Van Kampen 2020 | ||||||||||||||||||||||||||||||||
Retirement Strategy | ||||||||||||||||||||||||||||||||
Fund | ||||||||||||||||||||||||||||||||
+ | ||||||||||||||||||||||||||||||||
Van Kampen 2025 | Van Kampen 2025 | |||||||||||||||||||||||||||||||
Retirement Strategy | Retirement Strategy | |||||||||||||||||||||||||||||||
Fund | Fund | |||||||||||||||||||||||||||||||
+ | + | |||||||||||||||||||||||||||||||
Van Kampen 2025 | AIM Balanced-Risk | AIM Balanced-Risk | AIM Balanced-Risk | |||||||||||||||||||||||||||||
Retirement Strategy Fund | Retirement 2020 Fund | Retirement 2020 Fund | Retirement 2020 Fund | |||||||||||||||||||||||||||||
Class A | Class C | Class A5 | Class C5 | Class A5 | Class C5 | Class A5 | Class C5 | |||||||||||||||||||||||||
Shareholder Fees (Fees paid directly from your investment) | ||||||||||||||||||||||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | 5.75 | %1 | None | 5.50 | % | None | 5.50 | % | None | 5.50 | % | None | ||||||||||||||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) | None | 2 | 1.00 | %3 | None | 2 | 1.00 | %3 | None | 2 | 1.00 | %3 | None | 2 | 1.00 | %3 | ||||||||||||||||
Redemption Fees | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Account Maintenance (Low Balance) Fee (for accounts under $750) | $12/yr | $12/yr | None | None | None | None | None | None | ||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from Fund assets) | ||||||||||||||||||||||||||||||||
Management Fees | 0.10 | %4 | 0.10 | %4 | None | 5 | None | 5 | None | 5 | None | 5 | None | 5 | None | 5 | ||||||||||||||||
Distribution and Service (12b-1) Fees | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | ||||||||||||||||
Other Expenses | 12.25 | %4 | 12.24 | %4 | 3.23 | % | 3.23 | % | 3.05 | % | 3.05 | % | 2.90 | % | 2.90 | % | ||||||||||||||||
Acquired Fund Fees and Expenses | 0.81 | %6 | 0.81 | %6 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | ||||||||||||||||
Total Fund Operating Expenses | 13.41 | %4 | 14.15 | %4 | 4.27 | % | 5.02 | % | 4.09 | % | 4.84 | % | 3.94 | % | 4.69 | % | ||||||||||||||||
Fee Waiver | (12.19 | %) | (12.18 | %) | (3.22 | %)8 | (3.22 | %)8 | (3.04 | %)8 | (3.04 | %)8 | (2.89 | %)8 | (2.89 | %)8 | ||||||||||||||||
Annual Fund Operating Expenses after expense reimbursements | 1.22 | % | 1.97 | % | 1.05 | % | 1.80 | % | 1.05 | % | 1.80 | % | 1.05 | % | 1.80 | % | ||||||||||||||||
D-17
Table of Contents
Current | Pro Forma | |||||||||||||||||||||||||||||||
Van Kampen 2020 | ||||||||||||||||||||||||||||||||
Retirement Strategy | ||||||||||||||||||||||||||||||||
Fund | ||||||||||||||||||||||||||||||||
+ | ||||||||||||||||||||||||||||||||
Van Kampen 2025 | Van Kampen 2025 | |||||||||||||||||||||||||||||||
Retirement Strategy | Retirement Strategy | |||||||||||||||||||||||||||||||
Fund | Fund | |||||||||||||||||||||||||||||||
+ | + | |||||||||||||||||||||||||||||||
Van Kampen 2025 | AIM Balanced-Risk | AIM Balanced-Risk | AIM Balanced-Risk | |||||||||||||||||||||||||||||
Retirement Strategy Fund | Retirement 2020 Fund | Retirement 2020 Fund | Retirement 2020 Fund | |||||||||||||||||||||||||||||
Class R | Class I | Class R5 | Class Y | Class R5 | Class CY | Class R5 | Class Y | |||||||||||||||||||||||||
Shareholder Fees (Fees paid directly from your investment) | ||||||||||||||||||||||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Redemption Fees | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Account Maintenance (Low Balance) Fee (for accounts under $750) | None | $12/yr | None | None | None | None | None | None | ||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from Fund assets) | ||||||||||||||||||||||||||||||||
Management Fees | 0.10 | %4 | 0.10 | %4 | None | 5 | None | 5 | None | 5 | None | 5 | None | 5 | None | 5 | ||||||||||||||||
Distribution and Service (12b-1) Fees | 0.50 | % | None | 0.50 | % | None | 0.50 | % | None | 0.50 | % | None | ||||||||||||||||||||
Other Expenses | 12.25 | %4 | 12.25 | %4 | 3.23 | % | 3.23 | % | 3.05 | % | 3.05 | % | 2.90 | % | 2.90 | % | ||||||||||||||||
Acquired Fund Fees and Expenses | 0.81 | %6 | 0.81 | %6 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | ||||||||||||||||
Total Fund Operating Expenses | 13.66 | %4 | 13.16 | %4 | 4.52 | % | 4.02 | % | 4.34 | % | 3.84 | % | 4.19 | % | 3.69 | % | ||||||||||||||||
Fee Waiver | (12.19 | %) | (12.19 | %) | (3.22 | %)8 | (3.22 | %)8 | (3.04 | %)8 | (3.04 | %)8 | (2.89 | %)8 | (2.89 | %)8 | ||||||||||||||||
Annual Fund Operating Expenses after expense reimbursements | 1.47 | % | 0.97 | % | 1.30 | % | 0.80 | % | 1.30 | % | 0.80 | % | 1.30 | % | 0.80 | % | ||||||||||||||||
D-18
Table of Contents
+ | Expense ratios reflect annual fund operating expenses for the most recent fiscal year of the Funds (August 31, 2009 for the VK Funds and December 31, 2008 for the Acquiring Funds). Because Class A5, C5 and R5 are new classes, the ratios shown for the Acquiring Funds are based on the expenses for Class A Shares, Class C Shares and Class R Shares. Total Annual Fund Operating Expenses for Class Y Shares are based on estimated amounts for the current fiscal year. Pro forma numbers are estimated as if the Reorganization had been completed as of December 31, 2008. | |
1. | Reduced for purchases of $50,000 and over. | |
2. | Investments of $1 million or more are not subject to any sales charge at the time of purchase, but a deferred sales charge 1.00% may be imposed on certain redemptions made within eighteen months of purchase. | |
3. | The maximum deferred sales charge is 1.00% in the first year after purchase and 0.00% thereafter. | |
4. | The VK Funds’ investment adviser intends to waive or reimburse all or a portion of each VK Fund’s other direct expenses (i.e., “direct” expenses are those expenses incurred directly by each VK Fund and include the above line items “management fees,” “distribution and/or service (12b-1) fees” and “other expenses”; and direct expenses do not include the above line item “Acquired Fund (i.e., Underlying Funds) fees and expenses”, as those are expenses incurred indirectly by each VK Fund in connection with each of its investments in such Acquired Funds) such that the aggregate expenses to be paid with respect to the above line items “management fees” and “other expenses” net of waivers/reimbursements for fiscal year ended August 31, 2010 do not exceed 0.16%. The fee waivers or expense reimbursements are expected to continue until such time that the VK Fund’s Board of Trustees acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action appropriate. | |
5. | The Acquiring Fund does not pay a management fee directly, however, the advisor receives a fee indirectly as a result of the funds’ investments in underlying funds also advised by Invesco Advisers. | |
6. | The VK Funds will not pay sales charges or annual distribution and service fee in connection with their investment in shares of the Underlying Funds. As the VK Funds invest in shares of the Underlying Funds, shareholders in the VK Funds bear indirectly the expenses of the Underlying Funds. Because the amount of the VK Funds’ assets invested in each of the Underlying Funds change over time, the amounts shown in the table are approximate amounts. | |
7. | Acquired Fund Fees and Expenses are not fees or expenses incurred by the fund directly, but are fees and expenses, including management fees, of the investment companies in which the fund invests. As a result, the Net Annual Fund Operating Expenses will exceed the expense limits below. You incur these fees and expenses indirectly through the valuation of the fund’s investment in those investment companies. The impact of the Acquired Fund Fees and Expenses are included in the total returns of the fund. In addition, the investment companies the Fund invests in also bears a portion of the fund fees and expenses of the investment companies they invests in which are estimated to be 0.20% for the Acquiring Fund. | |
8. | The Acquiring Fund’s adviser has contractually agreed, through at least April 30, 2011, to reimburse expenses to the extent necessary to limit Total Annual Fund Operating Expenses (excluding certain items discussed below) of Class A5, C5 and R5 shares to 0.25%, 1.00% and 0.50% of average daily net assets, respectively. In determining the Adviser’s obligation to reimburse expenses, the following expenses are not taken into account, and could cause the Net Annual Fund Operating Expenses to exceed the numbers reflected above: (i) interest; (ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary or non-routine items; (v) expenses related to a merger or reorganization, as approved by the Fund’s Board of Trustees; and (vi) expenses that the Fund has incurred but did not actually pay because of an expense offset arrangement. Currently, the expense offset arrangements from which the Fund may benefit are in the form of credits that the Fund receives from banks where the Fund or its transfer agent has deposit accounts in which it holds uninvested cash. These credits are used to pay certain expenses incurred by the Fund. In addition upon closing of the Reorganization, the Acquiring Fund’s adviser has agreed through at least June 30, 2012 to limit the Acquiring Fund’s operating expenses (excluding certain items discussed above) to 0.41%, 1.16%, 0.66% and 0.16% for Class A5, C5, R5 and Y, respectively |
D-19
Table of Contents
One | Three | Five | Ten | |||||||||||||
Fund | Year | Years | Years | Years | ||||||||||||
Van Kampen 2025 Retirement Strategy Fund | ||||||||||||||||
Class A | $ | 692 | $ | 940 | $ | 1,207 | $ | 1,967 | ||||||||
Class C (if you redeem your shares) | $ | 300 | $ | 618 | $ | 1,062 | $ | 2,296 | ||||||||
Class C (if you did not redeem your shares) | $ | 200 | $ | 618 | $ | 1,062 | $ | 2,296 | ||||||||
Class R | $ | 150 | $ | 465 | $ | 803 | $ | 1,757 | ||||||||
Class I | $ | 99 | $ | 309 | $ | 536 | $ | 1,190 | ||||||||
AIM Balanced-Risk Retirement 2020 Fund | ||||||||||||||||
Class A5 | $ | 651 | $ | 1,496 | $ | 2,354 | $ | 4,553 | ||||||||
Class C5 (if you redeem your shares) | $ | 283 | $ | 1,219 | $ | 2,254 | $ | 4,841 | ||||||||
Class C5 (if you did not redeem your shares) | $ | 183 | $ | 1,219 | $ | 2,254 | $ | 4,841 | ||||||||
Class R5 | $ | 132 | $ | 1,074 | $ | 2,025 | $ | 4,443 | ||||||||
Class Y | $ | 82 | $ | 928 | $ | 1,790 | $ | 4,022 | ||||||||
Combined Pro Forma | ||||||||||||||||
(Van Kampen 2025 Retirement Strategy Fund + AIM Balanced-Risk Retirement 2020 Fund) | ||||||||||||||||
Class A5 | $ | 651 | $ | 1,176 | $ | 2,026 | $ | 4,222 | ||||||||
Class C5 (if you redeem your shares) | $ | 283 | $ | 887 | $ | 1,922 | $ | 4,522 | ||||||||
Class C5 (if you did not redeem your shares) | $ | 183 | $ | 887 | $ | 1,922 | $ | 4,522 | ||||||||
Class R5 | $ | 132 | $ | 738 | $ | 1,684 | $ | 4,103 | ||||||||
Class Y | $ | 82 | $ | 586 | $ | 1,440 | $ | 3,661 | ||||||||
Combined Pro Forma | ||||||||||||||||
(Van Kampen 2020 Retirement Strategy Fund + Van Kampen 2025 Retirement Strategy Fund + AIM Balanced-Risk Retirement 2020 Fund) | ||||||||||||||||
Class A5 | $ | 651 | $ | 1,161 | $ | 1,983 | $ | 4,115 | ||||||||
Class C5 (if you redeem your shares) | $ | 283 | $ | 872 | $ | 1,877 | $ | 4,417 | ||||||||
Class C5 (if you did not redeem your shares) | $ | 183 | $ | 872 | $ | 1,877 | $ | 4,417 | ||||||||
Class R5 | $ | 132 | $ | 722 | $ | 1,638 | $ | 3,993 | ||||||||
Class Y | $ | 82 | $ | 570 | $ | 1,393 | $ | 3,545 |
D-20
Table of Contents
Current | Pro Forma | |||||||||||||||||||||||||||||||
Van Kampen 2030 | ||||||||||||||||||||||||||||||||
Retirement Strategy | ||||||||||||||||||||||||||||||||
Fund | ||||||||||||||||||||||||||||||||
+ | ||||||||||||||||||||||||||||||||
Van Kampen 2030 | Van Kampen 2035 | |||||||||||||||||||||||||||||||
Retirement Strategy | Retirement Strategy | |||||||||||||||||||||||||||||||
Fund | Fund | |||||||||||||||||||||||||||||||
Van Kampen 2030 | + | + | ||||||||||||||||||||||||||||||
Retirement Strategy | AIM Balanced-Risk | AIM Balanced-Risk | AIM Balanced-Risk | |||||||||||||||||||||||||||||
Fund | Retirement 2030 Fund | Retirement 2030 Fund | Retirement 2030 Fund | |||||||||||||||||||||||||||||
Class A | Class C | Class A5 | Class C5 | Class A5 | Class C5 | Class A5 | Class C5 | |||||||||||||||||||||||||
Shareholder Fees (Fees paid directly from your investment) | ||||||||||||||||||||||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | 5.75 | %1 | None | 5.50 | % | None | 5.50 | % | None | 5.50 | % | None | ||||||||||||||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) | None | 2 | 1.00 | %3 | None2 | 1.00 | %3 | None2 | 1.00 | %3 | None2 | 1.00 | %3 | |||||||||||||||||||
Redemption Fees | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Account Maintenance (Low Balance) Fee (for accounts under $750) | $12/yr | $12/yr | None | None | None | None | None | None | ||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from Fund assets) | ||||||||||||||||||||||||||||||||
Management Fees | 0.10 | %4 | 0.10 | %4 | None5 | None5 | None5 | None5 | None5 | None5 | ||||||||||||||||||||||
Distribution and Service (12b-1) Fees | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | ||||||||||||||||
Other Expenses | 14.31 | %4 | 14.30 | %4 | 3.82 | % | 3.82 | % | 3.58 | % | 3.58 | % | 3.37 | % | 3.37 | % | ||||||||||||||||
Acquired Fund Fees and Expenses | 0.85 | %6 | 0.85 | %6 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | ||||||||||||||||
Total Fund Operating Expenses | 15.51 | %4 | 16.25 | %4 | 4.86 | % | 5.61 | % | 4.62 | % | 5.37 | % | 4.41 | % | 5.16 | % | ||||||||||||||||
Fee Waiver | (14.28 | %) | (14.27 | %) | (3.81 | %)8 | (3.81 | %)8 | (3.57 | %)8,9 | (3.57 | %)8,9 | (3.36 | %)8,10 | (3.36 | %)8,10 | ||||||||||||||||
Annual Fund Operating Expenses after expense reimbursements | 1.23 | % | 1.98 | % | 1.05 | % | 1.80 | % | 1.05 | % | 1.80 | % | 1.05 | % | 1.80 | % | ||||||||||||||||
D-21
Table of Contents
Current | Pro Forma | |||||||||||||||||||||||||||||||
Van Kampen 2030 | ||||||||||||||||||||||||||||||||
Retirement Strategy | ||||||||||||||||||||||||||||||||
Fund | ||||||||||||||||||||||||||||||||
+ | ||||||||||||||||||||||||||||||||
Van Kampen 2030 | Van Kampen 2035 | |||||||||||||||||||||||||||||||
Retirement Strategy | Retirement Strategy | |||||||||||||||||||||||||||||||
Fund | Fund | |||||||||||||||||||||||||||||||
Van Kampen 2030 | + | + | ||||||||||||||||||||||||||||||
Retirement Strategy | AIM Balanced-Risk | AIM Balanced-Risk | AIM Balanced-Risk | |||||||||||||||||||||||||||||
Fund | Retirement 2030 Fund | Retirement 2030 Fund | Retirement 2030 Fund | |||||||||||||||||||||||||||||
Class R | Class I | Class R5 | Class Y | Class R5 | Class Y | Class R5 | Class Y | |||||||||||||||||||||||||
Shareholder Fees (Fees paid directly from your investment) | ||||||||||||||||||||||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Redemption Fees | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Account Maintenance (Low Balance) Fee (for accounts under $750) | None | $12/yr | None | None | None | None | None | None | ||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from Fund assets) | ||||||||||||||||||||||||||||||||
Management Fees | 0.10 | %4 | 0.10 | %4 | None5 | None5 | None5 | None5 | None5 | None5 | ||||||||||||||||||||||
Distribution and Service (12b-1) Fees | 0.50 | % | None | 0.50 | % | None | 0.50 | % | None | 0.50 | % | None | ||||||||||||||||||||
Other Expenses | 14.31 | %4 | 14.31 | %4 | 3.82 | % | 3.82 | % | 3.58 | % | 3.58 | % | 3.37 | % | 3.37 | % | ||||||||||||||||
Acquired Fund Fees and Expenses | 0.85 | %6 | 0.85 | %6 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | ||||||||||||||||
Total Fund Operating Expenses | 15.76 | %4 | 15.26 | %4 | 5.11 | % | 4.61 | % | 4.87 | % | 4.37 | % | 4.66 | % | 4.16 | % | ||||||||||||||||
Fee Waiver | (14.28 | %) | (14.28 | %) | (3.81 | %)8 | (3.81 | %)8 | (3.57 | %)8,9 | (3.57 | %)8,9 | (3.36 | %)8,10 | (3.36 | %)8,10 | ||||||||||||||||
Annual Fund Operating Expenses after expense reimbursements | 1.48 | % | 0.98 | % | 1.30 | % | 0.80 | % | 1.30 | % | 0.80 | % | 1.30 | % | 0.80 | % | ||||||||||||||||
D-22
Table of Contents
+ | Expense ratios reflect annual fund operating expenses for the most recent fiscal year of the Funds (August 31, 2009 for the VK Funds and December 31, 2008 for the Acquiring Funds). Because Class A5, C5 and R5 are new classes, the ratios shown for the Acquiring Funds are based on the expenses for Class A Shares, Class C Shares and Class R Shares. Total Annual Fund Operating Expenses for Class Y Shares are based on estimated amounts for the current fiscal year. Pro forma numbers are estimated as if the Reorganization had been completed as of December 31, 2008. | |
1. | Reduced for purchases of $50,000 and over. | |
2. | Investments of $1 million or more are not subject to any sales charge at the time of purchase, but a deferred sales charge 1.00% may be imposed on certain redemptions made within eighteen months of purchase. | |
3. | The maximum deferred sales charge is 1.00% in the first year after purchase and 0.00% thereafter. | |
4. | The VK Funds’ investment adviser intends to waive or reimburse all or a portion of each VK Fund’s other direct expenses (i.e., “direct” expenses are those expenses incurred directly by each VK Fund and include the above line items “management fees,” “distribution and/or service (12b-1) fees” and “other expenses”; and direct expenses do not include the above line item “Acquired Fund (i.e., Underlying Funds) fees and expenses”, as those are expenses incurred indirectly by each VK Fund in connection with each of its investments in such Acquired Funds) such that the aggregate expenses to be paid with respect to the above line items “management fees” and “other expenses” net of waivers/reimbursements for fiscal year ended August 31, 2010 do not exceed 0.13%. The fee waivers or expense reimbursements are expected to continue until such time that the VK Fund’s Board of Trustees acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action appropriate. | |
5. | The Acquiring Fund does not pay a management fee directly, however, the advisor receives a fee indirectly as a result of the funds’ investments in underlying funds also advised by Invesco Advisers. | |
6. | The VK Funds will not pay sales charges or annual distribution and service fee in connection with their investment in shares of the Underlying Funds. As the VK Funds invest in shares of the Underlying Funds, shareholders in the VK Funds bear indirectly the expenses of the Underlying Funds. Because the amount of the VK Funds’ assets invested in each of the Underlying Funds change over time, the amounts shown in the table are approximate amounts. | |
7. | Acquired Fund Fees and Expenses are not fees or expenses incurred by the fund directly, but are fees and expenses, including management fees, of the investment companies in which the fund invests. As a result, the Net Annual Fund Operating Expenses will exceed the expense limits below. You incur these fees and expenses indirectly through the valuation of the fund’s investment in those investment companies. The impact of the Acquired Fund Fees and Expenses are included in the total returns of the fund. In addition, the investment companies the Fund invests in also bears a portion of the fund fees and expenses of the investment companies they invests in which are estimated to be 0.12% for the Acquiring Fund. | |
8. | The Acquiring Fund’s adviser has contractually agreed, through at least April 30, 2011, to reimburse expenses to the extent necessary to limit Total Annual Fund Operating Expenses (excluding certain items discussed below) of Class A5, C5 and R5 shares to 0.25%, 1.00% and 0.50% of average daily net assets, respectively. In determining the Adviser’s obligation to reimburse expenses, the following expenses are not taken into account, and could cause the Net Annual Fund Operating Expenses to exceed the numbers reflected above: (i) interest; (ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary or non-routine items; (v) expenses related to a merger or reorganization, as approved by the Fund’s Board of Trustees; and (vi) expenses that the Fund has incurred but did not actually pay because of an expense offset arrangement. Currently, the expense offset arrangements from which the Fund may benefit are in the form of credits that the Fund receives from banks where the Fund or its transfer agent has deposit accounts in which it holds uninvested cash. These credits are used to pay certain expenses incurred by the Fund. | |
9. | In addition, the Acquiring Fund’s adviser has agreed through at least June 30, 2012 to limit the Acquiring Fund’s operating expenses (excluding certain items discussed above) to 0.38%, 1.13%, 0.63% and 0.13% for Class A5, C5, R5 and Y, respectively. | |
10. | In addition, the Acquiring Fund’s adviser has agreed through at least June 30, 2012 to limit the Acquiring Fund’s operating expenses (excluding certain items discussed above) to 0.29%, 1.04%, 0.54% and 0.04% for Class A5, C5, R5 and Y, respectively. |
D-23
Table of Contents
One | Three | Five | Ten | |||||||||||||
Fund | Year | Years | Years | Years | ||||||||||||
Van Kampen 2030 Retirement Strategy Fund | ||||||||||||||||
Class A | $ | 693 | $ | 943 | $ | 1,212 | $ | 1,978 | ||||||||
Class C (if you redeem your shares) | $ | 301 | $ | 621 | $ | 1,068 | $ | 2,306 | ||||||||
Class C (if you did not redeem your shares) | $ | 201 | $ | 621 | $ | 1,068 | $ | 2,306 | ||||||||
Class R | $ | 151 | $ | 468 | $ | 808 | $ | 1,768 | ||||||||
Class I | $ | 100 | $ | 312 | $ | 542 | $ | 1,201 | ||||||||
AIM Balanced-Risk Retirement 2030 Fund | ||||||||||||||||
Class A5 | $ | 651 | $ | 1,607 | $ | 2,566 | $ | 4,975 | ||||||||
Class C5 (if you redeem your shares) | $ | 283 | $ | 1,334 | $ | 2,471 | $ | 5,253 | ||||||||
Class C5 (if you did not redeem your shares) | $ | 183 | $ | 1,334 | $ | 2,471 | $ | 5,253 | ||||||||
Class R5 | $ | 132 | $ | 1,191 | $ | 2,247 | $ | 4,878 | ||||||||
Class Y | $ | 82 | $ | 1,046 | $ | 2,018 | $ | 4,482 | ||||||||
Combined Pro Forma | ||||||||||||||||
(Van Kampen 2030 Retirement Strategy Fund + AIM Balanced-Risk Retirement 2030 Fund) | ||||||||||||||||
Class A5 | $ | 651 | $ | 1,229 | $ | 2,180 | $ | 4,588 | ||||||||
Class C5 (if you redeem your shares) | $ | 283 | $ | 942 | $ | 2,078 | $ | 4,880 | ||||||||
Class C5 (if you did not redeem your shares) | $ | 183 | $ | 942 | $ | 2,078 | $ | 4,880 | ||||||||
Class R5 | $ | 132 | $ | 794 | $ | 1,844 | $ | 4,481 | ||||||||
Class Y | $ | 82 | $ | 643 | $ | 1,604 | $ | 4,060 | ||||||||
Combined Pro Forma | ||||||||||||||||
(Van Kampen 2030 Retirement Strategy Fund + Van Kampen 2035 Retirement Strategy Fund + AIM Balanced-Risk Retirement 2030 Fund) | ||||||||||||||||
Class A5 | $ | 651 | $ | 1,208 | $ | 2,119 | $ | 4,445 | ||||||||
Class C5 (if you redeem your shares) | $ | 283 | $ | 921 | $ | 2,016 | $ | 4,740 | ||||||||
Class C5 (if you did not redeem your shares) | $ | 183 | $ | 921 | $ | 2,016 | $ | 4,740 | ||||||||
Class R5 | $ | 132 | $ | 772 | $ | 1,781 | $ | 4,334 | ||||||||
Class Y | $ | 82 | $ | 620 | $ | 1,539 | $ | 3,904 |
D-24
Table of Contents
Current | Pro Forma | |||||||||||||||||||||||||||||||
Van Kampen 2030 Retirement Strategy Fund | ||||||||||||||||||||||||||||||||
+ | ||||||||||||||||||||||||||||||||
Van Kampen 2035 Retirement Strategy Fund | Van Kampen 2035 Retirement Strategy Fund | |||||||||||||||||||||||||||||||
+ | + | |||||||||||||||||||||||||||||||
Van Kampen 2035 Retirement Strategy Fund | AIM Balanced-Risk Retirement 2030 Fund | AIM Balanced-Risk Retirement 2030 Fund | AIM Balanced-Risk Retirement 2030 Fund | |||||||||||||||||||||||||||||
Class A | Class C | Class A5 | Class C5 | Class A5 | Class C5 | Class A5 | Class C5 | |||||||||||||||||||||||||
Shareholder Fees (Fees paid directly from your investment) | ||||||||||||||||||||||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | 5.75 | %1 | None | 5.50 | % | None | 5.50 | % | None | 5.50 | % | None | ||||||||||||||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) | None2 | 1.00 | %3 | None 2 | 1.00 | %3 | None 2 | 1.00 | %3 | None 2 | 1.00 | %3 | ||||||||||||||||||||
Redemption Fees | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Account Maintenance (Low Balance) Fee (for accounts under $750) | $12/yr | $12/yr | None | None | None | None | None | None | ||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from Fund assets) | ||||||||||||||||||||||||||||||||
Management Fees | 0.10 | %4 | 0.10 | %4 | None 5 | None 5 | None 5 | None 5 | None 5 | None 5 | ||||||||||||||||||||||
Distribution and Service (12b-1) Fees | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | ||||||||||||||||
Other Expenses | 23.81 | %4 | 23.67 | %4 | 3.82 | % | 3.82 | % | 3.58 | % | 3.58 | % | 3.37 | % | 3.37 | % | ||||||||||||||||
Acquired Fund Fees and Expenses | 0.94 | %6 | 0.94 | %6 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | ||||||||||||||||
Total Fund Operating Expenses | 25.10 | %4 | 25.71 | %4 | 4.86 | % | 5.61 | % | 4.62 | % | 5.37 | % | 4.41 | % | 5.16 | % | ||||||||||||||||
Fee Waiver | (23.87 | %) | (23.73 | %) | (3.81 | %)8 | (3.81 | %)8 | (3.57 | %)8 | (3.57 | %)8 | (3.36 | %)8 | (3.36 | %)8 | ||||||||||||||||
Annual Fund Operating Expenses after expense reimbursements | 1.23 | % | 1.98 | % | 1.05 | % | 1.80 | % | 1.05 | % | 1.80 | % | 1.05 | % | 1.80 | % | ||||||||||||||||
D-25
Table of Contents
Current | Pro Forma | |||||||||||||||||||||||||||||||
Van Kampen 2030 Retirement Strategy Fund | ||||||||||||||||||||||||||||||||
+ | ||||||||||||||||||||||||||||||||
Van Kampen 2035 Retirement Strategy Fund | Van Kampen 2035 Retirement Strategy Fund | |||||||||||||||||||||||||||||||
+ | + | |||||||||||||||||||||||||||||||
Van Kampen 2035 Retirement Strategy Fund | AIM Balanced-Risk Retirement 2030 Fund | AIM Balanced-Risk Retirement 2030 Fund | AIM Balanced-Risk Retirement 2030 Fund | |||||||||||||||||||||||||||||
Class R | Class I | Class R5 | Class Y | Class R5 | Class Y | Class R5 | Class Y | |||||||||||||||||||||||||
Shareholder Fees (Fees paid directly from your investment) | ||||||||||||||||||||||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Redemption Fees | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Account Maintenance (Low Balance) Fee (for accounts under $750) | None | $12/yr | None | None | None | None | None | None | ||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from Fund assets) | ||||||||||||||||||||||||||||||||
Management Fees | 0.10 | %4 | 0.10 | %4 | None 5 | None 5 | None 5 | None 5 | None 5 | None 5 | ||||||||||||||||||||||
Distribution and Service (12b-1) Fees | 0.50 | % | None | 0.50 | % | None | 0.50 | % | None | 0.50 | % | None | ||||||||||||||||||||
Other Expenses | 23.81 | %4 | 23.81 | %4 | 3.82 | % | 3.82 | % | 3.58 | % | 3.58 | % | 3.37 | % | 3.37 | % | ||||||||||||||||
Acquired Fund Fees and Expenses | 0.94 | %6 | 0.94 | %6 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | ||||||||||||||||
Total Fund Operating Expenses | 25.35 | %4 | 24.85 | %4 | 5.11 | % | 4.61 | % | 4.87 | % | 4.37 | % | 4.66 | % | 4.16 | % | ||||||||||||||||
Fee Waiver | (23.87 | %) | (23.87 | %) | (3.81 | %)8 | (3.81 | %)8 | (3.57 | %)8 | (3.57 | %)8 | (3.36 | %)8 | (3.36 | %)8 | ||||||||||||||||
Annual Fund Operating Expenses after expense reimbursements | 1.48 | % | 0.98 | % | 1.30 | % | 0.80 | % | 1.30 | % | 0.80 | % | 1.30 | % | 0.80 | % | ||||||||||||||||
D-26
Table of Contents
+ | Expense ratios reflect annual fund operating expenses for the most recent fiscal year of the Funds (August 31, 2009 for the VK Funds and December 31, 2008 for the Acquiring Funds). Because Class A5, C5 and R5 are new classes, the ratios shown for the Acquiring Funds are based on the expenses for Class A Shares, Class C Shares and Class R Shares. Total Annual Fund Operating Expenses for Class Y Shares are based on estimated amounts for the current fiscal year. Pro forma numbers are estimated as if the Reorganization had been completed as of December 31, 2008. | |
1. | Reduced for purchases of $50,000 and over. | |
2. | Investments of $1 million or more are not subject to any sales charge at the time of purchase, but a deferred sales charge 1.00% may be imposed on certain redemptions made within eighteen months of purchase. | |
3. | The maximum deferred sales charge is 1.00% in the first year after purchase and 0.00% thereafter. 4. The VK Funds’ investment adviser intends to waive or reimburse all or a portion of each VK Fund’s other direct expenses (i.e., “direct” expenses are those expenses incurred directly by each VK Fund and include the above line items “management fees,” “distribution and/or service (12b-1) fees” and “other expenses”; and direct expenses do not include the above line item “Acquired Fund (i.e., Underlying Funds) fees and expenses”, as those are expenses incurred indirectly by each VK Fund in connection with each of its investments in such Acquired Funds) such that the aggregate expenses to be paid with respect to the above line items “management fees” and “other expenses” net of waivers/reimbursements for fiscal year ended August 31, 2010 do not exceed 0.04%. The fee waivers or expense reimbursements are expected to continue until such time that the VK Fund’s Board of Trustees acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action appropriate. | |
5. | The Acquiring Fund does not pay a management fee directly, however, the advisor receives a fee indirectly as a result of the funds’ investments in underlying funds also advised by Invesco Advisers. | |
6. | The VK Funds will not pay sales charges or annual distribution and service fee in connection with their investment in shares of the Underlying Funds. As the VK Funds invest in shares of the Underlying Funds, shareholders in the VK Funds bear indirectly the expenses of the Underlying Funds. Because the amount of the VK Funds’ assets invested in each of the Underlying Funds change over time, the amounts shown in the table are approximate amounts. | |
7. | Acquired Fund Fees and Expenses are not fees or expenses incurred by the fund directly, but are fees and expenses, including management fees, of the investment companies in which the fund invests. As a result, the Net Annual Fund Operating Expenses will exceed the expense limits below. You incur these fees and expenses indirectly through the valuation of the fund’s investment in those investment companies. The impact of the Acquired Fund Fees and Expenses are included in the total returns of the fund. In addition, the investment companies the Fund invests in also bears a portion of the fund fees and expenses of the investment companies they invests in which are estimated to be 0.12% for the Acquiring Fund. | |
8. | The Acquiring Fund’s adviser has contractually agreed, through at least April 30, 2011, to reimburse expenses to the extent necessary to limit Total Annual Fund Operating Expenses (excluding certain items discussed below) of Class A5, C5 and R5 shares to 0.25%, 1.00% and 0.50% of average daily net assets, respectively. In determining the Adviser’s obligation to reimburse expenses, the following expenses are not taken into account, and could cause the Net Annual Fund Operating Expenses to exceed the numbers reflected above: (i) interest; (ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary or non-routine items; (v) expenses related to a merger or reorganization, as approved by the Fund’s Board of Trustees; and (vi) expenses that the Fund has incurred but did not actually pay because of an expense offset arrangement. Currently, the expense offset arrangements from which the Fund may benefit are in the form of credits that the Fund receives from banks where the Fund or its transfer agent has deposit accounts in which it holds uninvested cash. These credits are used to pay certain expenses incurred by the Fund. In addition upon closing of the Reorganization, the Acquiring Fund’s adviser has agreed through at least June 30, 2012 to limit the Acquiring Fund’s operating expenses (excluding certain items discussed above) to 0.29%, 1.04%, 0.54% and 0.04% for Class A5, C5, R5 and Y, respectively |
D-27
Table of Contents
One | Three | Five | Ten | |||||||||||||
Fund | Year | Years | Years | Years | ||||||||||||
Van Kampen 2035 Retirement Strategy Fund | ||||||||||||||||
Class A | $ | 693 | $ | 943 | $ | 1,212 | $ | 1,978 | ||||||||
Class C (if you redeem your shares) | $ | 301 | $ | 621 | $ | 1,068 | $ | 2,306 | ||||||||
Class C (if you did not redeem you shares) | $ | 201 | $ | 621 | $ | 1,068 | $ | 2,306 | ||||||||
Class R | $ | 151 | $ | 468 | $ | 808 | $ | 1,768 | ||||||||
Class I | $ | 100 | $ | 312 | $ | 542 | $ | 1,201 | ||||||||
AIM Balanced-Risk Retirement 2030 Fund — Current | ||||||||||||||||
Class A5 | $ | 651 | $ | 1,607 | $ | 2,566 | $ | 4,975 | ||||||||
Class C5 (if you redeem your shares) | $ | 283 | $ | 1,334 | $ | 2,471 | $ | 5,253 | ||||||||
Class C5 (if you did not redeem you shares) | $ | 183 | $ | 1,334 | $ | 2,471 | $ | 5,253 | ||||||||
Class R5 | $ | 132 | $ | 1,191 | $ | 2,247 | $ | 4,878 | ||||||||
Class Y | $ | 82 | $ | 1,046 | $ | 2,018 | $ | 4,482 | ||||||||
Combined Pro Forma | ||||||||||||||||
(Van Kampen 2035 Retirement Strategy Fund + AIM Balanced-Risk Retirement 2030 Fund) | ||||||||||||||||
Class A5 | $ | 651 | $ | 1,229 | $ | 2,180 | $ | 4,588 | ||||||||
Class C5 (if you redeem your shares) | $ | 283 | $ | 942 | $ | 2,078 | $ | 4,880 | ||||||||
Class C5 (if you did not redeem you shares) | $ | 183 | $ | 942 | $ | 2,078 | $ | 4,880 | ||||||||
Class R5 | $ | 132 | $ | 794 | $ | 1,844 | $ | 4,481 | ||||||||
Class Y | $ | 82 | $ | 643 | $ | 1,604 | $ | 4,060 | ||||||||
Combined Pro Forma | ||||||||||||||||
(Van Kampen 2030 Retirement Strategy Fund + Van Kampen 2035 Retirement Strategy Fund + AIM Balanced-Risk Retirement 2030 Fund) | ||||||||||||||||
Class A5 | $ | 651 | $ | 1,208 | $ | 2,119 | $ | 4,445 | ||||||||
Class C5 (if you redeem your shares) | $ | 283 | $ | 921 | $ | 2,016 | $ | 4,740 | ||||||||
Class C5 (if you did not redeem you shares) | $ | 183 | $ | 921 | $ | 2,016 | $ | 4,740 | ||||||||
Class R5 | $ | 132 | $ | 772 | $ | 1,781 | $ | 4,334 | ||||||||
Class Y | $ | 82 | $ | 620 | $ | 1,539 | $ | 3,904 |
D-28
Table of Contents
Current | Pro Forma | |||||||||||||||||||||||||||||||
Van Kampen 2040 | ||||||||||||||||||||||||||||||||
Retirement Strategy | ||||||||||||||||||||||||||||||||
Fund | ||||||||||||||||||||||||||||||||
+ | ||||||||||||||||||||||||||||||||
Van Kampen 2040 | Van Kampen 2045 | |||||||||||||||||||||||||||||||
Retirement Strategy | Retirement Strategy | |||||||||||||||||||||||||||||||
Fund | Fund | |||||||||||||||||||||||||||||||
Van Kampen 2040 | + | + | ||||||||||||||||||||||||||||||
Retirement Strategy | AIM Balanced-Risk | AIM Balanced-Risk | AIM Balanced-Risk | |||||||||||||||||||||||||||||
Fund | Retirement 2040 Fund | Retirement 2040 Fund | Retirement 2040 Fund | |||||||||||||||||||||||||||||
Class A | Class C | Class A5 | Class C5 | Class A5 | Class C5 | Class A5 | Class C5 | |||||||||||||||||||||||||
Shareholder Fees (Fees paid directly from your investment) | ||||||||||||||||||||||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | 5.75 | %1 | None | 5.50 | % | None | 5.50 | % | None | 5.50 | % | None | ||||||||||||||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) | None | 2 | 1.00 | %3 | None | 2 | 1.00 | %3 | None | 2 | 1.00 | %3 | None | 2 | 1.00 | %3 | ||||||||||||||||
Redemption Fees | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Account Maintenance (Low Balance) Fee (for accounts under $750) | $12/yr | $12/yr | None | None | None | None | None | None | ||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from Fund assets) | ||||||||||||||||||||||||||||||||
Management Fees | 0.10 | %4 | 0.10 | %4 | None | 5 | None | 5 | None | 5 | None | 5 | None | 5 | None | 5 | ||||||||||||||||
Distribution and Service (12b-1) Fees | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | ||||||||||||||||
Other Expenses | 33.44 | %4 | 33.44 | %4 | 8.38 | % | 8.38 | % | 7.24 | % | 7.24 | % | 6.39 | % | 6.39 | % | ||||||||||||||||
Acquired Fund Fees and Expenses | 0.95 | %6 | 0.95 | %6 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | ||||||||||||||||
Total Fund Operating Expenses | 34.74 | %4 | 35.49 | %4 | 9.42 | % | 10.17 | % | 8.28 | % | 9.03 | % | 7.43 | % | 8.18 | % | ||||||||||||||||
Fee Waiver | (33.51 | %) | (33.51 | %) | (8.36 | %)8 | (8.36 | %)8 | (7.22 | %)8 | (7.22 | %)8 | (6.37 | %)8 | (6.37 | %)8 | ||||||||||||||||
Annual Fund Operating Expenses after expense reimbursements | 1.23 | % | 1.98 | % | 1.06 | % | 1.81 | % | 1.06 | % | 1.81 | % | 1.06 | % | 1.81 | % | ||||||||||||||||
D-29
Table of Contents
Current | Pro Forma | ||||||||||||||||||||||||||||||||
Van Kampen 2040 | |||||||||||||||||||||||||||||||||
Retirement Strategy | |||||||||||||||||||||||||||||||||
Fund | |||||||||||||||||||||||||||||||||
+ | |||||||||||||||||||||||||||||||||
Van Kampen 2040 | Van Kampen 2045 | ||||||||||||||||||||||||||||||||
Retirement Strategy | Retirement Strategy | ||||||||||||||||||||||||||||||||
Fund | Fund | ||||||||||||||||||||||||||||||||
Van Kampen 2040 | + | + | |||||||||||||||||||||||||||||||
Retirement Strategy | AIM Balanced-Risk | AIM Balanced-Risk | AIM Balanced-Risk | ||||||||||||||||||||||||||||||
Fund | Retirement 2040 Fund | Retirement 2040 Fund | Retirement 2040 Fund | ||||||||||||||||||||||||||||||
Class R | Class I | Class R5 | Class Y | Class R5 | Class Y | Class R5 | Class Y | ||||||||||||||||||||||||||
Shareholder Fees (Fees paid directly from your investment) | |||||||||||||||||||||||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None | None | None | None | None | None | None | None | |||||||||||||||||||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) | None | None | None | None | None | None | None | None | |||||||||||||||||||||||||
Redemption Fees | None | None | None | None | None | None | None | None | |||||||||||||||||||||||||
Account Maintenance (Low Balance) Fee (for accounts under $750) | None | $12/yr | None | None | None | None | None | None | |||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from Fund assets) | |||||||||||||||||||||||||||||||||
Management Fees | 0.10 | %4 | 0.10 | %4 | None | 5 | None | 5 | None | 5 | None | 5 | None | 5 | None | 5 | |||||||||||||||||
Distribution and Service (12b-1) Fees | 0.50 | % | None | 0.50 | % | None | 0.50 | % | None | 0.50 | % | None | |||||||||||||||||||||
Other Expenses | 33.44 | %4 | 33.44 | %4 | 8.38 | % | 8.38 | % | 7.24 | % | 7.24 | % | 6.39 | % | 6.39 | % | |||||||||||||||||
Acquired Fund Fees and Expenses | 0.95 | %6 | 0.95 | %6 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | |||||||||||||||||
Total Fund Operating Expenses | 34.99 | %4 | 34.49 | %4 | 9.67 | % | 9.17 | % | 8.53 | % | 8.03 | % | 7.68 | % | 7.18 | % | |||||||||||||||||
Fee Waiver | (33.51 | %) | (33.51 | %) | (8.36 | %)8 | (8.36 | %)8 | (7.22 | %)8 | (7.22 | %)8 | (6.37 | %)8 | (6.37 | %)8 | |||||||||||||||||
Annual Fund Operating Expenses after expense reimbursements | 1.48 | % | 0.98 | % | 1.31 | % | 0.81 | % | 1.31 | % | 0.81 | % | 1.31 | % | 0.81 | % | |||||||||||||||||
D-30
Table of Contents
+ | Expense ratios reflect annual fund operating expenses for the most recent fiscal year of the Funds (August 31, 2009 for the VK Funds and December 31, 2008 for the Acquiring Funds). Because Class A5, C5 and R5 are new classes, the ratios shown for the Acquiring Funds are based on the expenses for Class A Shares, Class C Shares and Class R Shares. Total Annual Fund Operating Expenses for Class Y Shares are based on estimated amounts for the current fiscal year. Pro forma numbers are estimated as if the Reorganization had been completed as of December 31, 2008. | |
1. | Reduced for purchases of $50,000 and over. | |
2. | Investments of $1 million or more are not subject to any sales charge at the time of purchase, but a deferred sales charge 1.00% may be imposed on certain redemptions made within eighteen months of purchase. | |
3. | The maximum deferred sales charge is 1.00% in the first year after purchase and 0.00% thereafter. | |
4. | The VK Funds’ investment adviser intends to waive or reimburse all or a portion of each VK Fund’s other direct expenses (i.e., “direct” expenses are those expenses incurred directly by each VK Fund and include the above line items “management fees,” “distribution and/or service (12b-1) fees” and “other expenses”; and direct expenses do not include the above line item “Acquired Fund (i.e., Underlying Funds) fees and expenses”, as those are expenses incurred indirectly by each VK Fund in connection with each of its investments in such Acquired Funds) such that the aggregate expenses to be paid with respect to the above line items “management fees” and “other expenses” net of waivers/reimbursements for fiscal year ended August 31, 2010 do not exceed 0.03%. The fee waivers or expense reimbursements are expected to continue until such time that the VK Fund’s Board of Trustees acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action appropriate. | |
5. | The Acquiring Fund does not pay a management fee directly, however, the advisor receives a fee indirectly as a result of the funds’ investments in underlying funds also advised by Invesco Advisers. | |
6. | The VK Funds will not pay sales charges or annual distribution and service fee in connection with their investment in shares of the Underlying Funds. As the VK Funds invest in shares of the Underlying Funds, shareholders in the VK Funds bear indirectly the expenses of the Underlying Funds. Because the amount of the VK Funds’ assets invested in each of the Underlying Funds change over time, the amounts shown in the table are approximate amounts. | |
7. | Acquired Fund Fees and Expenses are not fees or expenses incurred by the fund directly, but are fees and expenses, including management fees, of the investment companies in which the fund invests. As a result, the Net Annual Fund Operating Expenses will exceed the expense limits below. You incur these fees and expenses indirectly through the valuation of the fund’s investment in those investment companies. The impact of the Acquired Fund Fees and Expenses are included in the total returns of the fund. In addition, the investment companies the Fund invests in also bears a portion of the fund fees and expenses of the investment companies they invests in which are estimated to be 0.12% for the Acquiring Fund. | |
8. | The Acquiring Fund’s adviser has contractually agreed, through at least April 30, 2011, to reimburse expenses to the extent necessary to limit Total Annual Fund Operating Expenses (excluding certain items discussed below) of Class A5, C5 and R5 shares to 0.25%, 1.00% and 0.50% of average daily net assets, respectively. In determining the Adviser’s obligation to reimburse expenses, the following expenses are not taken into account, and could cause the Net Annual Fund Operating Expenses to exceed the numbers reflected above: (i) interest; (ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary or non-routine items; (v) expenses related to a merger or reorganization, as approved by the Fund’s Board of Trustees; and (vi) expenses that the Fund has incurred but did not actually pay because of an expense offset arrangement. Currently, the expense offset arrangements from which the Fund may benefit are in the form of credits that the Fund receives from banks where the Fund or its transfer agent has deposit accounts in which it holds uninvested cash. These credits are used to pay certain expenses incurred by the Fund. In addition upon closing of the Reorganization, the Acquiring Fund’s adviser has agreed through at least June 30, 2012 to limit the Acquiring Fund’s operating expenses (excluding certain items discussed above) to 0.28%, 1.03%, 0.53% and 0.03% for Class A5, C5, R5 and Y, respectively |
D-31
Table of Contents
�� | ||||||||||||||||
One | Three | Five | Ten | |||||||||||||
Fund | Year | Years | Years | Years | ||||||||||||
Van Kampen 2040 Retirement Strategy Fund | ||||||||||||||||
Class A | $ | 693 | $ | 943 | $ | 1,212 | $ | 1,978 | ||||||||
Class C (if you redeem your shares) | $ | 301 | $ | 621 | $ | 1,068 | $ | 2,306 | ||||||||
Class C (if you did not redeem your shares) | $ | 201 | $ | 621 | $ | 1,068 | $ | 2,306 | ||||||||
Class R | $ | 151 | $ | 468 | $ | 808 | $ | 1,768 | ||||||||
Class I | $ | 100 | $ | 312 | $ | 542 | $ | 1,201 | ||||||||
AIM Balanced-Risk Retirement 2040 Fund — Current | ||||||||||||||||
Class A5 | $ | 652 | $ | 2,422 | $ | 4,038 | $ | 7,495 | ||||||||
Class C5 (if you redeem your shares) | $ | 284 | $ | 2,176 | $ | 3,967 | $ | 7,695 | ||||||||
Class C5 (if you did not redeem your shares) | $ | 184 | $ | 2,176 | $ | 3,967 | $ | 7,695 | ||||||||
Class R5 | $ | 133 | $ | 2,046 | $ | 3,785 | $ | 7,468 | ||||||||
Class Y | $ | 83 | $ | 1,915 | $ | 3,597 | $ | 7,226 | ||||||||
Combined Pro Forma | ||||||||||||||||
(Van Kampen 2040 Retirement Strategy Fund + AIM Balanced-Risk Retirement 2040 Fund) | ||||||||||||||||
Class A5 | $ | 652 | $ | 1,590 | $ | 3,172 | $ | 6,695 | ||||||||
Class C5 (if you redeem your shares) | $ | 284 | $ | 1,316 | $ | 3,088 | $ | 6,929 | ||||||||
Class C5 (if you did not redeem your shares) | $ | 184 | $ | 1,316 | $ | 3,088 | $ | 6,929 | ||||||||
Class R5 | $ | 133 | $ | 1,173 | $ | 2,880 | $ | 6,649 | ||||||||
Class Y | $ | 83 | $ | 1,027 | $ | 2,667 | $ | 6,351 | ||||||||
Combined Pro Forma | ||||||||||||||||
(Van Kampen 2040 Retirement Strategy Fund + Van Kampen 2045 Retirement Strategy Fund + AIM Balanced-Risk Retirement 2040 Fund) | ||||||||||||||||
Class A5 | $ | 652 | $ | 1,508 | $ | 2,952 | $ | 6,267 | ||||||||
Class C5 (if you redeem your shares) | $ | 284 | $ | 1,231 | $ | 2,864 | $ | 6,514 | ||||||||
Class C5 (if you did not redeem your shares) | $ | 184 | $ | 1,231 | $ | 2,864 | $ | 6,514 | ||||||||
Class R5 | $ | 133 | $ | 1,086 | $ | 2,651 | $ | 6,209 | ||||||||
Class Y | $ | 83 | $ | 940 | $ | 2,432 | $ | 5,886 |
D-32
Table of Contents
Current | Pro Forma | |||||||||||||||||||||||||||||||
Van Kampen 2040 | ||||||||||||||||||||||||||||||||
Retirement Strategy | ||||||||||||||||||||||||||||||||
Fund | ||||||||||||||||||||||||||||||||
+ | ||||||||||||||||||||||||||||||||
Van Kampen 2045 | Van Kampen 2045 | |||||||||||||||||||||||||||||||
Retirement Strategy | Retirement Strategy | |||||||||||||||||||||||||||||||
Fund | Fund | |||||||||||||||||||||||||||||||
+ | + | |||||||||||||||||||||||||||||||
Van Kampen 2045 | AIM Balanced-Risk | AIM Balanced-Risk | AIM Balanced-Risk | |||||||||||||||||||||||||||||
Retirement Strategy Fund | Retirement 2040 Fund | Retirement 2040 Fund | Retirement 2040 Fund | |||||||||||||||||||||||||||||
Class A | Class C | Class A5 | Class C5 | Class A5 | Class C5 | Class A5 | Class C5 | |||||||||||||||||||||||||
Shareholder Fees (Fees paid directly from your investment) | ||||||||||||||||||||||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | 5.75 | %1 | None | 5.50 | % | None | 5.50 | % | None | 5.50 | % | None | ||||||||||||||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) | None2 | 1.00 | %3 | None 2 | 1.00 | %3 | None 2 | 1.00 | %3 | None 2 | 1.00 | %3 | ||||||||||||||||||||
Redemption Fees | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Account Maintenance (Low Balance) Fee (for accounts under $750) | $12/yr | $12/yr | None | None | None | None | None | None | ||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from Fund assets) | ||||||||||||||||||||||||||||||||
Management Fees | 0.10 | %4 | 0.10 | %4 | None 5 | None 5 | None 5 | None 5 | None 5 | None 5 | ||||||||||||||||||||||
Distribution and Service (12b-1) Fees | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | 0.25 | % | 1.00 | % | ||||||||||||||||
Other Expenses | 41.83 | %4 | 41.83 | %4 | 8.38 | % | 8.38 | % | 7.26 | % | 7.26 | % | 6.39 | % | 6.39 | % | ||||||||||||||||
Acquired Fund Fees and Expenses | 0.95 | %6 | 0.95 | %6 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | ||||||||||||||||
Total Fund Operating Expenses | 43.13 | %4 | 43.88 | %4 | 9.42 | % | 10.17 | % | 8.30 | % | 9.05 | % | 7.43 | % | 8.18 | % | ||||||||||||||||
Fee Waiver | (41.90 | %) | (41.90 | %) | (8.36 | %)8 | (8.36 | %)8 | (7.24 | %)8 | (7.24 | %)8 | (6.37 | %)8 | (6.37 | %)8 | ||||||||||||||||
Annual Fund Operating Expenses after expense reimbursements | 1.23 | % | 1.98 | % | 1.06 | % | 1.81 | % | 1.06 | % | 1.81 | % | 1.06 | % | 1.81 | % | ||||||||||||||||
D-33
Table of Contents
Current | Pro Forma | |||||||||||||||||||||||||||||||
Van Kampen 2040 | ||||||||||||||||||||||||||||||||
Retirement Strategy | ||||||||||||||||||||||||||||||||
Fund | ||||||||||||||||||||||||||||||||
+ | ||||||||||||||||||||||||||||||||
Van Kampen 2045 | Van Kampen 2045 | |||||||||||||||||||||||||||||||
Retirement Strategy | Retirement Strategy | |||||||||||||||||||||||||||||||
Fund | Fund | |||||||||||||||||||||||||||||||
+ | + | |||||||||||||||||||||||||||||||
Van Kampen 2045 | AIM Balanced-Risk | AIM Balanced-Risk | AIM Balanced-Risk | |||||||||||||||||||||||||||||
Retirement Strategy Fund | Retirement 2040 Fund | Retirement 2040 Fund | Retirement 2040 Fund | |||||||||||||||||||||||||||||
Class R | Class I | Class R5 | Class Y | Class R5 | Class Y | Class R5 | Class Y | |||||||||||||||||||||||||
Shareholder Fees (Fees paid directly from your investment) | ||||||||||||||||||||||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Redemption Fees | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||
Account Maintenance (Low Balance) Fee (for accounts under $750) | None | $12/yr | None | None | None | None | None | None | ||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from Fund assets) | ||||||||||||||||||||||||||||||||
Management Fees | 0.10 | %4 | 0.10 | %4 | None 5 | None 5 | None 5 | None 5 | None 5 | None 5 | ||||||||||||||||||||||
Distribution and Service (12b-1) Fees | 0.50 | % | None | 0.50 | % | None | 0.50 | % | None | 0.50 | % | None | ||||||||||||||||||||
Other Expenses | 41.83 | %4 | 41.83 | %4 | 8.38 | % | 8.38 | % | 7.26 | % | 7.26 | % | 6.39 | % | 6.39 | % | ||||||||||||||||
Acquired Fund Fees and Expenses | 0.95 | %6 | 0.95 | %6 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | ||||||||||||||||
Total Fund Operating Expenses | 43.38 | %4 | 42.88 | %4 | 9.67 | % | 9.17 | % | 8.55 | % | 8.05 | % | 7.68 | % | 7.18 | % | ||||||||||||||||
Fee Waiver | (41.90 | %) | (41.90 | %) | (8.36 | %)8 | (8.36 | %)8 | (7.24 | %)8 | (7.24 | %)8 | (6.37 | %)8 | (6.37 | %)8 | ||||||||||||||||
Annual Fund Operating Expenses after expense reimbursements | 1.48 | % | 0.98 | % | 1.31 | % | 0.81 | % | 1.31 | % | 0.81 | % | 1.31 | % | 0.81 | % | ||||||||||||||||
D-34
Table of Contents
+ | Expense ratios reflect annual fund operating expenses for the most recent fiscal year of the Funds (August 31, 2009 for the VK Funds and December 31, 2008 for the Acquiring Funds). Because Class A5, C5 and R5 are new classes, the ratios shown for the Acquiring Funds are based on the expenses for Class A Shares, Class C Shares and Class R Shares. Total Annual Fund Operating Expenses for Class Y Shares are based on estimated amounts for the current fiscal year. Pro forma numbers are estimated as if the Reorganization had been completed as of December 31, 2008. | |
1. | Reduced for purchases of $50,000 and over. | |
2. | Investments of $1 million or more are not subject to any sales charge at the time of purchase, but a deferred sales charge 1.00% may be imposed on certain redemptions made within eighteen months of purchase. | |
3. | The maximum deferred sales charge is 1.00% in the first year after purchase and 0.00% thereafter. | |
4. | The VK Funds’ investment adviser intends to waive or reimburse all or a portion of each VK Fund’s other direct expenses (i.e., “direct” expenses are those expenses incurred directly by each VK Fund and include the above line items “management fees,” “distribution and/or service (12b-1) fees” and “other expenses”; and direct expenses do not include the above line item “Acquired Fund (i.e., Underlying Funds) fees and expenses”, as those are expenses incurred indirectly by each VK Fund in connection with each of its investments in such Acquired Funds) such that the aggregate expenses to be paid with respect to the above line items “management fees” and “other expenses” net of waivers/reimbursements for fiscal year ended August 31, 2010 do not exceed 0.03%. The fee waivers or expense reimbursements are expected to continue until such time that the VK Fund’s Board of Trustees acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action appropriate. | |
5. | The Acquiring Fund does not pay a management fee directly, however, the advisor receives a fee indirectly as a result of the funds’ investments in underlying funds also advised by Invesco Advisers. | |
6. | The VK Funds will not pay sales charges or annual distribution and service fee in connection with their investment in shares of the Underlying Funds. As the VK Funds invest in shares of the Underlying Funds, shareholders in the VK Funds bear indirectly the expenses of the Underlying Funds. Because the amount of the VK Funds’ assets invested in each of the Underlying Funds change over time, the amounts shown in the table are approximate amounts. | |
7. | Acquired Fund Fees and Expenses are not fees or expenses incurred by the fund directly, but are fees and expenses, including management fees, of the investment companies in which the fund invests. As a result, the Net Annual Fund Operating Expenses will exceed the expense limits below. You incur these fees and expenses indirectly through the valuation of the fund’s investment in those investment companies. The impact of the Acquired Fund Fees and Expenses are included in the total returns of the fund. In addition, the investment companies the Fund invests in also bears a portion of the fund fees and expenses of the investment companies they invests in which are estimated to be 0.12% for the Acquiring Fund. | |
8. | The Acquiring Fund’s adviser has contractually agreed, through at least April 30, 2011, to reimburse expenses to the extent necessary to limit Total Annual Fund Operating Expenses (excluding certain items discussed below) of Class A5, C5 and R5 shares to 0.25%, 1.00% and 0.50% of average daily net assets, respectively. In determining the Adviser’s obligation to reimburse expenses, the following expenses are not taken into account, and could cause the Net Annual Fund Operating Expenses to exceed the numbers reflected above: (i) interest; (ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary or non-routine items; (v) expenses related to a merger or reorganization, as approved by the Fund’s Board of Trustees; and (vi) expenses that the Fund has incurred but did not actually pay because of an expense offset arrangement. Currently, the expense offset arrangements from which the Fund may benefit are in the form of credits that the Fund receives from banks where the Fund or its transfer agent has deposit accounts in which it holds uninvested cash. These credits are used to pay certain expenses incurred by the Fund. In addition upon closing of the Reorganization, the Acquiring Fund’s adviser has agreed through at least June 30, 2012 to limit the Acquiring Fund’s operating expenses (excluding certain items discussed above) to 0.28%, 1.03%, 0.53% and 0.03% for Class A5, C5, R5 and Y, respectively |
D-35
Table of Contents
One | Three | Five | Ten | |||||||||||||
Fund | Year | Years | Years | Years | ||||||||||||
Van Kampen 2045 Retirement Strategy Fund | ||||||||||||||||
Class A | $ | 693 | $ | 943 | $ | 1,212 | $ | 1,978 | ||||||||
Class C (if you redeem your shares) | $ | 301 | $ | 621 | $ | 1,068 | $ | 2,306 | ||||||||
Class C (if you did not redeem your shares) | $ | 201 | $ | 621 | $ | 1,068 | $ | 2,306 | ||||||||
Class R | $ | 151 | $ | 468 | $ | 808 | $ | 1,768 | ||||||||
Class I | $ | 100 | $ | 312 | $ | 542 | $ | 1,201 | ||||||||
AIM Balanced-Risk Retirement 2040 Fund — Current | ||||||||||||||||
Class A5 | $ | 652 | $ | 2,422 | $ | 4,038 | $ | 7,495 | ||||||||
Class C5 (if you redeem your shares) | $ | 284 | $ | 2,176 | $ | 3,967 | $ | 7,695 | ||||||||
Class C5 (if you did not redeem your shares) | $ | 184 | $ | 2,176 | $ | 3,967 | $ | 7,695 | ||||||||
Class R5 | $ | 133 | $ | 2,046 | $ | 3,785 | $ | 7,468 | ||||||||
Class Y | $ | 83 | $ | 1,915 | $ | 3,597 | $ | 7,226 | ||||||||
Combined Pro Forma | ||||||||||||||||
(Van Kampen 2045 Retirement Strategy Fund + AIM Balanced-Risk Retirement 2040 Fund) | ||||||||||||||||
Class A5 | $ | 652 | $ | 1,592 | $ | 3,177 | $ | 6,704 | ||||||||
Class C5 (if you redeem your shares) | $ | 284 | $ | 1,318 | $ | 3,093 | $ | 6,939 | ||||||||
Class C5 (if you did not redeem your shares) | $ | 184 | $ | 1,318 | $ | 3,093 | $ | 6,939 | ||||||||
Class R5 | $ | 133 | $ | 1,175 | $ | 2,886 | $ | 6,659 | ||||||||
Class Y | $ | 83 | $ | 1,029 | $ | 2,673 | $ | 6,361 | ||||||||
Combined Pro Forma | ||||||||||||||||
(Van Kampen 2040 Retirement Strategy Fund + Van Kampen 2045 Retirement Strategy Fund + AIM Balanced-Risk Retirement 2040 Fund) | ||||||||||||||||
Class A5 | $ | 652 | $ | 1,508 | $ | 2,952 | $ | 6,267 | ||||||||
Class C5 (if you redeem your shares) | $ | 284 | $ | 1,231 | $ | 2,864 | $ | 6,514 | ||||||||
Class C5 (if you did not redeem your shares) | $ | 184 | $ | 1,231 | $ | 2,864 | $ | 6,514 | ||||||||
Class R5 | $ | 133 | $ | 1,086 | $ | 2,651 | $ | 6,209 | ||||||||
Class Y | $ | 83 | $ | 940 | $ | 2,432 | $ | 5,886 |
D-36
Table of Contents
Current | Pro Forma | |||||||||||||||||||||||||||||||||||||||||||||||
Van Kampen 2050 Retirement Strategy | ||||||||||||||||||||||||||||||||||||||||||||||||
Fund | ||||||||||||||||||||||||||||||||||||||||||||||||
+ | ||||||||||||||||||||||||||||||||||||||||||||||||
Van Kampen 2050 Retirement Strategy Fund | AIM Balanced-Risk Retirement 2050 Fund | AIM Balanced-Risk Retirement 2050 Fund | ||||||||||||||||||||||||||||||||||||||||||||||
Class A | Class C | Class R | Class I | Class A5 | Class C5 | Class R5 | Class Y | Class A5 | Class C5 | Class R5 | Class Y | |||||||||||||||||||||||||||||||||||||
Shareholder Fees (Fees paid directly from your investment) | ||||||||||||||||||||||||||||||||||||||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | 5.75 | %1 | None | None | None | 5.50 | % | None | None | None | 5.50 | % | None | None | None | |||||||||||||||||||||||||||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) | None2 | 1.00 | %3 | None | None | None 2 | 1.00 | %3 | None | None | None 2 | 1.00 | %3 | None | None | |||||||||||||||||||||||||||||||||
Redemption Fees | None | None | None | None | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||||||||||||||
Account Maintenance (Low Balance) Fee (for accounts under $750) | $12/yr | $12/yr | None | $12/yr | None | None | None | None | None | None | None | None | ||||||||||||||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that are deducted from Fund assets) | ||||||||||||||||||||||||||||||||||||||||||||||||
Management Fees | 0.10 | %4 | 0.10 | %4 | 0.10 | %4 | 0.10 | %4 | None 5 | None 5 | None 5 | None 5 | None 5 | None 5 | None 5 | None 5 | ||||||||||||||||||||||||||||||||
Distribution and Service (12b-1) Fees | 0.25 | % | 1.00 | % | 0.50 | % | None | 0.25 | % | 1.00 | % | 0.50 | % | None | 0.25 | % | 1.00 | % | 0.50 | % | None | |||||||||||||||||||||||||||
Other Expenses | 42.79 | %4 | 42.78 | %4 | 42.78 | %4 | 42.78 | %4 | 10.85 | % | 10.85 | % | 10.85 | % | 10.85 | % | 8.94 | % | 8.94 | % | 8.94 | % | 8.94 | % | ||||||||||||||||||||||||
Acquired Fund Fees and Expenses | 0.97 | %6 | 0.97 | %6 | 0.97 | %6 | 0.97 | %6 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | 0.79 | %7 | ||||||||||||||||||||||||
Total Fund Operating Expenses | 44.11 | %4 | 44.85 | %4 | 44.35 | %4 | 43.85 | %4 | 11.89 | % | 12.64 | % | 12.14 | % | 11.64 | % | 9.98 | % | 10.73 | % | 10.23 | % | 9.73 | % | ||||||||||||||||||||||||
Fee Waiver | (42.88 | %) | (42.87 | %) | (42.87 | %) | (42.87 | %) | (10.82 | %)8 | (10.82 | %)8 | (10.82 | %)8 | (10.82 | %)8 | (8.91 | %)8 | (8.91 | %)8 | (8.91 | %)8 | (8.91 | %)8 | ||||||||||||||||||||||||
Annual Fund Operating Expenses after expense reimbursements | 1.23 | % | 1.98 | % | 1.48 | % | 0.98 | % | 1.07 | % | 1.82 | % | 1.32 | % | 0.82 | % | 1.07 | % | 1.82 | % | 1.32 | % | 0.82 | % | ||||||||||||||||||||||||
D-37
Table of Contents
+ | Expense ratios reflect annual fund operating expenses for the most recent fiscal year of the Funds (August 31, 2009 for the VK Funds and December 31, 2008 for the Acquiring Funds). Because Class A5, C5 and R5 are new classes, the ratios shown for the Acquiring Funds are based on the expenses for Class A Shares, Class C Shares and Class R Shares. Total Annual Fund Operating Expenses for Class Y Shares are based on estimated amounts for the current fiscal year. Pro forma numbers are estimated as if the Reorganization had been completed as of December 31, 2008. | |
1. | Reduced for purchases of $50,000 and over. | |
2. | Investments of $1 million or more are not subject to any sales charge at the time of purchase, but a deferred sales charge 1.00% may be imposed on certain redemptions made within eighteen months of purchase. | |
3. | The maximum deferred sales charge is 1.00% in the first year after purchase and 0.00% thereafter. | |
4. | The VK Funds’ investment adviser intends to waive or reimburse all or a portion of each VK Fund’s other direct expenses (i.e., “direct” expenses are those expenses incurred directly by each VK Fund and include the above line items “management fees,” “distribution and/or service (12b-1) fees” and “other expenses”; and direct expenses do not include the above line item “Acquired Fund (i.e., Underlying Funds) fees and expenses”, as those are expenses incurred indirectly by each VK Fund in connection with each of its investments in such Acquired Funds) such that the aggregate expenses to be paid with respect to the above line items “management fees” and “other expenses” net of waivers/reimbursements for fiscal year ended August 31, 2010 do not exceed 0.01%. The fee waivers or expense reimbursements are expected to continue until such time that the VK Fund’s Board of Trustees acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action appropriate. | |
5. | The Acquiring Fund does not pay a management fee directly, however, the advisor receives a fee indirectly as a result of the funds’ investments in underlying funds also advised by Invesco Advisers. | |
6. | The VK Funds will not pay sales charges or annual distribution and service fee in connection with their investment in shares of the Underlying Funds. As the VK Funds invest in shares of the Underlying Funds, shareholders in the VK Funds bear indirectly the expenses of the Underlying Funds. Because the amount of the VK Funds’ assets invested in each of the Underlying Funds change over time, the amounts shown in the table are approximate amounts. | |
7. | Acquired Fund Fees and Expenses are not fees or expenses incurred by the fund directly, but are fees and expenses, including management fees, of the investment companies in which the fund invests. As a result, the Net Annual Fund Operating Expenses will exceed the expense limits below. You incur these fees and expenses indirectly through the valuation of the fund’s investment in those investment companies. The impact of the Acquired Fund Fees and Expenses are included in the total returns of the fund. In addition, the investment companies the Fund invests in also bears a portion of the fund fees and expenses of the investment companies they invests in which are estimated to be 0.12% for the Acquiring Fund. | |
8. | The Acquiring Fund’s adviser has contractually agreed, through at least April 30, 2011, to reimburse expenses to the extent necessary to limit Total Annual Fund Operating Expenses (excluding certain items discussed below) of Class A5, C5 and R5 shares to 0.25%, 1.00% and 0.50% of average daily net assets, respectively. In determining the Adviser’s obligation to reimburse expenses, the following expenses are not taken into account, and could cause the Net Annual Fund Operating Expenses to exceed the numbers reflected above: (i) interest; (ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary or non-routine items; (v) expenses related to a merger or reorganization, as approved by the Fund’s Board of Trustees; and (vi) expenses that the Fund has incurred but did not actually pay because of an expense offset arrangement. Currently, the expense offset arrangements from which the Fund may benefit are in the form of credits that the Fund receives from banks where the Fund or its transfer agent has deposit accounts in which it holds uninvested cash. These credits are used to pay certain expenses incurred by the Fund. In addition, upon closing of the Reorganization, the Acquiring Fund’s adviser has agreed through at least June 30, 2012 to limit the Acquiring Fund’s operating expenses (excluding certain items discussed above) to 0.26%, 1.01%, 0.51% and 0.01% for Class A5, C5, R5 and Y, respectively |
D-38
Table of Contents
One | Three | Five | Ten | |||||||||||||
Fund | Year | Years | Years | Years | ||||||||||||
Van Kampen 2050 Retirement Strategy Fund | ||||||||||||||||
Class A | $ | 693 | $ | 943 | $ | 1,212 | $ | 1,978 | ||||||||
Class C (if you redeem your shares) | $ | 301 | $ | 621 | $ | 1,068 | $ | 2,306 | ||||||||
Class C ( if you did not redeem your shares) | $ | 201 | $ | 621 | $ | 1,068 | $ | 2,306 | ||||||||
Class R | $ | 151 | $ | 468 | $ | 808 | $ | 1,768 | ||||||||
Class I | $ | 100 | $ | 312 | $ | 542 | $ | 1,201 | ||||||||
AIM Balanced-Risk Retirement 2050 Fund | ||||||||||||||||
Class A5 | $ | 653 | $ | 2,830 | $ | 4,718 | $ | 8,410 | ||||||||
Class C5 (if you redeem your shares) | $ | 285 | $ | 2,598 | $ | 4,656 | $ | 8,574 | ||||||||
Class C5 ( if you did not redeem your shares) | $ | 185 | $ | 2,598 | $ | 4,656 | $ | 8,574 | ||||||||
Class R5 | $ | 134 | $ | 2,475 | $ | 4,494 | $ | 8,406 | ||||||||
Class Y | $ | 84 | $ | 2,351 | $ | 4,327 | $ | 8,226 | ||||||||
Combined Pro Forma | ||||||||||||||||
(Van Kampen 2050 Retirement Strategy Fund + AIM Balanced-Risk Retirement 2050 Fund) | ||||||||||||||||
Class A5 | $ | 653 | $ | 1,754 | $ | 3,594 | $ | 7,451 | ||||||||
Class C5 (if you redeem your shares) | $ | 285 | $ | 1,485 | $ | 3,517 | $ | 7,662 | ||||||||
Class C5 ( if you did not redeem your shares) | $ | 185 | $ | 1,485 | $ | 3,517 | $ | 7,662 | ||||||||
Class R5 | $ | 134 | $ | 1,345 | $ | 3,321 | $ | 7,427 | ||||||||
Class Y | $ | 84 | $ | 1,202 | $ | 3,120 | $ | 7,176 |
D-39
Table of Contents
Average Annual Total Returns | Since Inception | |||||||
(For periods ended December 31, 2009) | 1 Year | (1/31/07) | ||||||
Class A | ||||||||
Return Before Taxes | ||||||||
Return After Taxes on Distributions | ||||||||
Return After taxes on Distribution and Sale of Fund Shares | ||||||||
Class C | ||||||||
Return Before Taxes | ||||||||
Class R | ||||||||
Return Before Taxes | ||||||||
Class Y | ||||||||
Return Before Taxes |
Average Annual Total Returns | Since Inception | |||||||
(For periods ended December 31, 2009) | 1 Year | (10/23/08) | ||||||
Class A | ||||||||
Return Before Taxes | ||||||||
Return After Taxes on Distributions | ||||||||
Return After taxes on Distribution and Sale of Fund Shares | ||||||||
Class C | ||||||||
Return Before Taxes | ||||||||
Class R | ||||||||
Return Before Taxes | ||||||||
Class I | ||||||||
Return Before Taxes |
Average Annual Total Returns | Since Inception | |||||||
(For periods ended December 31, 2009) | 1 Year | (1/31/07) | ||||||
Class A | ||||||||
Return Before Taxes | ||||||||
Return After Taxes on Distributions | ||||||||
Return After taxes on Distribution and Sale of Fund Shares | ||||||||
Class C | ||||||||
Return Before Taxes | ||||||||
Class R | ||||||||
Return Before Taxes | ||||||||
Class Y | ||||||||
Return Before Taxes |
E-1
Table of Contents
Average Annual Total Returns | Since Inception | |||||||
(For periods ended December 31, 2009) | 1 Year | (10/23/08) | ||||||
Class A | ||||||||
Return Before Taxes | ||||||||
Return After Taxes on Distributions | ||||||||
Return After taxes on Distribution and Sale of Fund Shares | ||||||||
Class C | ||||||||
Return Before Taxes | ||||||||
Class R | ||||||||
Return Before Taxes | ||||||||
Class I | ||||||||
Return Before Taxes |
Average Annual Total Returns | Since Inception | |||||||
(For periods ended December 31, 2009) | 1 Year | (1/31/07) | ||||||
Class A | ||||||||
Return Before Taxes | ||||||||
Return After Taxes on Distributions | ||||||||
Return After taxes on Distribution and Sale of Fund Shares | ||||||||
Class C | ||||||||
Return Before Taxes | ||||||||
Class R | ||||||||
Return Before Taxes | ||||||||
Class Y | ||||||||
Return Before Taxes |
Average Annual Total Returns | Since Inception | |||||||
(For periods ended December 31, 2009) | 1 Year | (10/23/08) | ||||||
Class A | ||||||||
Return Before Taxes | ||||||||
Return After Taxes on Distributions | ||||||||
Return After taxes on Distribution and Sale of Fund Shares | ||||||||
Class C | ||||||||
Return Before Taxes | ||||||||
Class R | ||||||||
Return Before Taxes | ||||||||
Class I | ||||||||
Return Before Taxes |
Average Annual Total Returns | Since Inception | |||||||
(For periods ended December 31, 2009) | 1 Year | (1/31/07) | ||||||
Class A | ||||||||
Return Before Taxes | ||||||||
Return After Taxes on Distributions | ||||||||
Return After taxes on Distribution and Sale of Fund Shares | ||||||||
Class C | ||||||||
Return Before Taxes | ||||||||
Class R | ||||||||
Return Before Taxes | ||||||||
Class Y | ||||||||
Return Before Taxes |
E-2
Table of Contents
Average Annual Total Returns | Since Inception | |||||||
(For periods ended December 31, 2009) | 1 Year | (10/23/08) | ||||||
Class A | ||||||||
Return Before Taxes | ||||||||
Return After Taxes on Distributions | ||||||||
Return After taxes on Distribution and Sale of Fund Shares | ||||||||
Class C | ||||||||
Return Before Taxes | ||||||||
Class R | ||||||||
Return Before Taxes | ||||||||
Class I | ||||||||
Return Before Taxes |
Average Annual Total Returns | Since Inception | |||||||
(For periods ended December 31, 2009) | 1 Year | (1/31/07) | ||||||
Class A | ||||||||
Return Before Taxes | ||||||||
Return After Taxes on Distributions | ||||||||
Return After taxes on Distribution and Sale of Fund Shares | ||||||||
Class C | ||||||||
Return Before Taxes | ||||||||
Class R | ||||||||
Return Before Taxes | ||||||||
Class Y | ||||||||
Return Before Taxes |
Average Annual Total Returns | Since Inception | |||||||
(For periods ended December 31, 2009) | 1 Year | (10/23/08) | ||||||
Class A | ||||||||
Return Before Taxes | ||||||||
Return After Taxes on Distributions | ||||||||
Return After taxes on Distribution and Sale of Fund Shares | ||||||||
Class C | ||||||||
Return Before Taxes | ||||||||
Class R | ||||||||
Return Before Taxes | ||||||||
Class I | ||||||||
Return Before Taxes |
Average Annual Total Returns | Since Inception | |||||||
(For periods ended December 31, 2009) | 1 Year | (1/31/07) | ||||||
Class A | ||||||||
Return Before Taxes | ||||||||
Return After Taxes on Distributions | ||||||||
Return After taxes on Distribution and Sale of Fund Shares | ||||||||
Class C | ||||||||
Return Before Taxes | ||||||||
Class R | ||||||||
Return Before Taxes | ||||||||
Class Y | ||||||||
Return Before Taxes |
E-3
Table of Contents
Average Annual Total Returns | Since Inception | |||||||
(For periods ended December 31, 2009) | 1 Year | (10/23/08) | ||||||
Class A | ||||||||
Return Before Taxes | ||||||||
Return After Taxes on Distributions | ||||||||
Return After taxes on Distribution and Sale of Fund Shares | ||||||||
Class C | ||||||||
Return Before Taxes | ||||||||
Class R | ||||||||
Return Before Taxes | ||||||||
Class I | ||||||||
Return Before Taxes |
Average Annual Total Returns | Since Inception | |||||||
(For periods ended December 31, 2009) | 1 Year | (1/31/07) | ||||||
Class A | ||||||||
Return Before Taxes | ||||||||
Return After Taxes on Distributions | ||||||||
Return After taxes on Distribution and Sale of Fund Shares | ||||||||
Class C | ||||||||
Return Before Taxes | ||||||||
Class R | ||||||||
Return Before Taxes | ||||||||
Class Y | ||||||||
Return Before Taxes |
Average Annual Total Returns | Since Inception | |||||||
(For periods ended December 31, 2009) | 1 Year | (10/23/08) | ||||||
Class A | ||||||||
Return Before Taxes | ||||||||
Return After Taxes on Distributions | ||||||||
Return After taxes on Distribution and Sale of Fund Shares | ||||||||
Class C | ||||||||
Return Before Taxes | ||||||||
Class R | ||||||||
Return Before Taxes | ||||||||
Class I | ||||||||
Return Before Taxes |
Average Annual Total Returns | Since Inception | |||||||
(For periods ended December 31, 2009) | 1 Year | (1/31/07) | ||||||
Class A | ||||||||
Return Before Taxes | ||||||||
Return After Taxes on Distributions | ||||||||
Return After taxes on Distribution and Sale of Fund Shares | ||||||||
Class C | ||||||||
Return Before Taxes | ||||||||
Class R | ||||||||
Return Before Taxes | ||||||||
Class Y | ||||||||
Return Before Taxes |
E-4
Table of Contents
Average Annual Total Returns | Since Inception | |||||||
(For periods ended December 31, 2009) | 1 Year | (10/23/08) | ||||||
Class A | ||||||||
Return Before Taxes | ||||||||
Return After Taxes on Distributions | ||||||||
Return After taxes on Distribution and Sale of Fund Shares | ||||||||
Class C | ||||||||
Return Before Taxes | ||||||||
Class R | ||||||||
Return Before Taxes | ||||||||
Class I | ||||||||
Return Before Taxes |
Average Annual Total Returns | Since Inception | |||||||
(For periods ended December 31, 2009) | 1 Year | (1/31/07) | ||||||
Class A | ||||||||
Return Before Taxes | ||||||||
Return After Taxes on Distributions | ||||||||
Return After taxes on Distribution and Sale of Fund Shares | ||||||||
Class C | ||||||||
Return Before Taxes | ||||||||
Class R | ||||||||
Return Before Taxes | ||||||||
Class Y | ||||||||
Return Before Taxes |
Average Annual Total Returns | Since Inception | |||||||
(For periods ended December 31, 2009) | 1 Year | (10/23/08) | ||||||
Class A | ||||||||
Return Before Taxes | ||||||||
Return After Taxes on Distributions | ||||||||
Return After taxes on Distribution and Sale of Fund Shares | ||||||||
Class C | ||||||||
Return Before Taxes | ||||||||
Class R | ||||||||
Return Before Taxes | ||||||||
Class I | ||||||||
Return Before Taxes |
Average Annual Total Returns | Since Inception | |||||||
(For periods ended December 31, 2009) | 1 Year | (1/31/07) | ||||||
Class A | ||||||||
Return Before Taxes | ||||||||
Return After Taxes on Distributions | ||||||||
Return After taxes on Distribution and Sale of Fund Shares | ||||||||
Class C | ||||||||
Return Before Taxes | ||||||||
Class R | ||||||||
Return Before Taxes | ||||||||
Class Y | ||||||||
Return Before Taxes |
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Average Annual Total Returns | Since Inception | |||||||
(For periods ended December 31, 2009) | 1 Year | (10/23/08) | ||||||
Class A | ||||||||
Return Before Taxes | ||||||||
Return After Taxes on Distributions | ||||||||
Return After taxes on Distribution and Sale of Fund Shares | ||||||||
Class C | ||||||||
Return Before Taxes | ||||||||
Class R | ||||||||
Return Before Taxes | ||||||||
Class I | ||||||||
Return Before Taxes |
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1. | DESCRIPTION OF THE REORGANIZATIONS |
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2. | VALUATION |
3. | CLOSING AND CLOSING DATE |
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4. | REPRESENTATIONS AND WARRANTIES |
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5. | COVENANTS OF THE ACQUIRING FUND AND THE TARGET FUND |
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6. | CONDITIONS PRECEDENT TO OBLIGATIONS OF THE TARGET FUND |
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7. | CONDITIONS PRECEDENT TO OBLIGATIONS OF THE ACQUIRING FUND |
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8. | FURTHER CONDITIONS PRECEDENT TO OBLIGATIONS OF THE ACQUIRING FUND AND THE TARGET FUND |
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9. | BROKERAGE FEES AND EXPENSES |
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10. | COOPERATION AND EXCHANGE OF INFORMATION |
11. | INDEMNIFICATION |
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12. | ENTIRE AGREEMENT; SURVIVAL OF WARRANTIES AND COVENANTS |
13. | TERMINATION |
14. | AMENDMENTS |
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15. | NOTICES |
[Address]
Fax: __________________
[Address]
Fax: __________________
[Address]
Fax: __________________
[Address]
Fax: __________________
Houston, TX 77046
Fax: 713-993-9185
Attn: General Counsel
Stradley Ronon Stevens & Young, LLP
2600 One Commerce Square
Philadelphia, PA 19103-7098
Fax: (215) 564-8120
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[Address]
Fax: __________________
[Address]
Fax: __________________
1. | HEADINGS; GOVERNING LAW; COUNTERPARTS; ASSIGNMENT; LIMITATION OF LIABILITY |
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AIM Growth Series, on behalf of its series identified on Exhibit A hereto | Van Kampen Retirement Strategy Trust, on behalf of its series identified on Exhibit A hereto | |||||||||||||
By: | By: | |||||||||||||
Name: | Name: | |||||||||||||
Title: | Title: | |||||||||||||
INVESCO Advisers, Inc. | Van Kampen Asset Management | |||||||||||||
By: | By: | |||||||||||||
Name: | Name: | |||||||||||||
Title: | Title: |
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Acquiring Fund (and share classes) | Corresponding Target Fund (and share | |
and Acquiring Entity | classes) and Target Entity | |
AIM Balanced Risk Retirement Now Fund, a series of AIM Growth Series | Van Kampen In Retirement Strategy Fund, a series of Van Kampen Retirement Strategy Trust | |
Class A5 | Class A | |
Class C5 | Class C | |
Class R5 | Class R | |
Class Y | Class I | |
AIM Balanced Risk Retirement 2010 Fund, a series of AIM Growth Series | Van Kampen Retirement 2010 Strategy Fund, a series of Van Kampen Retirement Strategy Trust | |
Class A5 | Class A | |
Class C5 | Class C | |
Class R5 | Class R | |
Class Y | Class I | |
AIM Balanced Risk Retirement 2010 Fund a series of AIM Growth Series | Van Kampen Retirement 2015 Strategy Fund, a series of Van Kampen Retirement Strategy Trust | |
Class A5 | Class A | |
Class C5 | Class C | |
Class R5 | Class R | |
Class Y | Class I | |
AIM Balanced Risk Retirement 2020 Fund, a series of AIM Growth Series | Van Kampen Retirement 2020 Strategy Fund, a series of Van Kampen Retirement Strategy Trust | |
Class A5 | Class A | |
Class C5 | Class C | |
Class R5 | Class R | |
Class Y | Class I | |
AIM Balanced Risk Retirement 2020 Fund, a series of AIM Growth Series | Van Kampen Retirement 2025 Strategy Fund, a series of Van Kampen Retirement Strategy Trust | |
Class A5 | Class A | |
Class C5 | Class C | |
Class R5 | Class R | |
Class Y | Class I |
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Acquiring Fund (and share classes) | Corresponding Target Fund (and share | |
and Acquiring Entity | classes) and Target Entity | |
AIM Balanced Risk Retirement 2030 Fund, a series of AIM Growth Series | Van Kampen Retirement 2030 Strategy Fund, a series of Van Kampen Retirement Strategy Trust | |
Class A5 | Class A | |
Class C5 | Class C | |
Class R5 | Class R | |
Class Y | Class I | |
AIM Balanced Risk Retirement 2030 Fund, a series of AIM Growth Series | Van Kampen Retirement 2035 Strategy Fund, a series of Van Kampen Retirement Strategy Trust | |
Class A5 | Class A | |
Class C5 | Class C | |
Class R5 | Class R | |
Class Y | Class I | |
AIM Balanced Risk Retirement 2040 Fund, a series of AIM Growth Series | Van Kampen Retirement 2040 Strategy Fund, a series of Van Kampen Retirement Strategy Trust | |
Class A5 | Class A | |
Class C5 | Class C | |
Class R5 | Class R | |
Class Y | Class I | |
AIM Balanced Risk Retirement 2040 Fund, a series of AIM Growth Series | Van Kampen Retirement 2045 Strategy Fund, a series of Van Kampen Retirement Strategy Trust | |
Class A5 | Class A | |
Class C5 | Class C | |
Class R5 | Class R | |
Class Y | Class I | |
AIM Balanced Risk Retirement 2050 Fund, a series of AIM Growth Series | Van Kampen Retirement 2050 Strategy Fund, a series of Van Kampen Retirement Strategy Trust | |
Class A5 | Class A | |
Class C5 | Class C | |
Class R5 | Class R | |
Class Y | Class I |
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Principal Risk | Funds Subject to Risk | |
The following principal risks are risks as described in the Acquiring Funds prospectus: | ||
Fund of Funds Risk — A fund of funds’ investment performance depends on the investment performance of the underlying funds in which it invests. An investment in a fund of funds is subject to the risks associated with investments in the underlying funds in which the fund invests. A fund of funds 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 advisor’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 under perform 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 advisor 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 advisor and an affiliate of the advisor, may receive higher fees from certain underlying funds than others. However, as a fiduciary to each fund, the advisor is required to act in the funds’ best interest when selecting underlying funds. | All Acquiring Funds All VK Funds | |
Market Risk — The prices of and the income generated by securities held by a fund may decline in response to certain events, including those directly involving the companies and governments whose securities are owned by the fund; general economic and market conditions; regional or global economic instability; and currency and interest rate fluctuations. | All Acquiring Funds All VK Funds | |
Money Market Fund Risk — A fund’s investment in money market funds is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the funds seek to preserve the value of an investment at $1.00 per share, it is possible to lose money by investing in the funds. Each money market fund’s yield will vary as the short-term securities in its portfolio mature or are sold and the proceeds are reinvested in other securities. | All Acquiring Funds | |
Interest Rate Risk — Interest rate risk refers to the risk that bond prices generally fall as interest rates rise; conversely, bond prices generally rise as interest rates fall. Specific bonds differ in their sensitivity to changes in interest rates depending on specific characteristics of each bond. A measure investors commonly use to determine this sensitivity is called duration. The longer the duration of a particular bond, the | All Acquiring Funds All VK Funds |
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Principal Risk | Funds Subject to Risk | |
greater is its price sensitivity to interest rates. Similarly, a longer duration portfolio of securities has greater price sensitivity. Duration is determined by a number of factors including coupon rate, whether the coupon is fixed or floating, time to maturity, call or put features, and various repayment features. | ||
Credit Risk — 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. Credit ratings are a measure of credit quality. Although a downgrade or upgrade of a bond’s credit ratings may or may not affect its price, a decline in credit quality may make bonds less attractive, thereby driving up the yield on the bond and driving down the price. Declines in credit quality can result in bankruptcy for the issuer and permanent loss of investment. | All Acquiring Funds All VK Funds | |
U.S. Government Obligations Risk — A fund may invest in obligations issued by agencies and instrumentalities of the U.S. Government. These obligations vary in the level of support they receive from the U.S. Government. They may be: (i) supported by the full faith and credit of the U.S. Treasury; (ii) supported by the right of the issuer to borrow from the U.S. Treasury; (iii) supported by the discretionary authority of the U.S. Government to purchase the issuer’s obligation; or (iv) supported only by the credit of the issuer. The U.S. Government may choose not to provide financial support to the U.S. Government sponsored agencies or instrumentalities if it is not legally obligated to do so, in which 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. | All Acquiring Funds All VK Funds | |
Municipal Securities Risk — The value of, payment of interest and repayment of principal with respect to, and the ability of a fund to sell, a municipal security may be affected by constitutional amendments, legislative enactments, executive orders, administrative regulations and voter initiatives as well as the economics of the regions in which the issuers in which a fund invests are located. Revenue bonds are generally not backed by the taxing power of the issuing municipality. To the extent that a municipal security in which the fund invests is not heavily followed by the investment community or such security issue is relatively small, the security may be difficult to value or sell at a fair price. | All Acquiring Funds | |
Repurchase Agreement Risk — A fund may enter into repurchase agreements. If the seller of a repurchase agreement in which a fund invests defaults on its obligation or declares bankruptcy, the fund may experience delays in selling the securities underlying the repurchase agreement. As a result, the fund may incur losses arising from a decline in the value of those securities, reduced levels of income and expenses of enforcing its rights. | All Acquiring Funds All VK Funds |
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Principal Risk | Funds Subject to Risk | |
Industry Focus/Sector Risk — To the extent that an Acquiring Fund invests in securities issued or guaranteed by companies in the banking and financial services industries, the Acquiring Fund’s performance will depend to a greater extent on the overall condition of those industries. Financial services companies are highly dependent on the supply of short-term financing. The value of securities of issuers in the banking and financial services industry can be sensitive to changes in government regulation and interest rates and to economic downturns in the United States and abroad. | All Acquiring Funds All VK Funds | |
Most of the VK Funds’ Underlying Funds do not concentrate on specific industry sectors of the market; however, certain of those VK Funds’ Underlying Funds may from time to time emphasize certain industry sectors of the market. Alternatively, certain other VK Funds’ Underlying Funds specifically do concentrate their investments in specific sectors of the market. To the extent a VK Funds’ Underlying Fund invests a significant portion of its assets in securities of companies in the same sector of the market, such VK Funds’ Underlying Fund is more susceptible to economic, political, regulatory and other occurrences influencing those sectors. | ||
Foreign Securities Risk — The dollar value of a fund’s foreign investments will be affected by changes in the exchange rates between the dollar and the currencies in which those investments are traded. The value of a fund’s foreign investments may be adversely affected by political and social instability in their home countries, by changes in economic or taxation policies in those countries, or by the difficulty in enforcing obligations in those countries. Foreign companies generally may be subject to less stringent regulations than U.S. companies, including financial reporting requirements and auditing and accounting controls. As a result, there generally is less publicly available information about foreign companies than about U.S. companies. Trading in many foreign securities may be less liquid and more volatile than U.S. securities due to the size of the market or other factors. | All Acquiring Funds All VK Funds | |
Developing Markets Securities Risk — The factors described above for “Foreign Securities Risk” may affect the prices of securities issued by foreign companies located in developing countries more than those in countries with mature economies. For example, many developing countries (i.e., those that are in the initial stages of their industrial cycle) have, in the past, experienced high rates of inflation or sharply devalued their currencies against the U.S. dollar, thereby causing the value of investments in companies located in those countries to decline. Transaction costs are often higher in developing countries and there may be delays in settlement procedures. | All Acquiring Funds All VK Funds | |
Commodity Risk — A fund or the Subsidiary (as defined below) may invest in commodity-linked derivative instruments, exchange traded notes (“ETNs”) and exchange traded funds that may subject it to greater volatility than investments in traditional securities. The value of commodity-linked derivative instruments, ETNS and exchange traded funds may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments. A fund may concentrate its assets in a particular sector of the commodities market (such as oil, metal or agricultural products). As a result, the fund may be more susceptible to risks associated with those sectors. Also, ETNs may subject the fund indirectly through the Subsidiary to leveraged market exposure for commodities. Leverage ETNs are subject to the same risk as other instruments that use leverage in any form. Some ETNs that use leverage can, at times, be relatively illiquid, and thus they may be difficult to purchase or sell at a fair price. An ETN that is tied to a specific market benchmark or | All Acquiring Funds All VK Funds |
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Principal Risk | Funds Subject to Risk | |
strategy may not be able to replicate and maintain exactly the composition and relative weighting of securities, commodities or other components in the applicable market benchmark or strategy. | ||
Subsidiary Risk — The Acquiring Funds are subject to the risks of investing in Invesco AIM Cayman Commodity Fund I Ltd. (the “Subsidiary”) through their investment in the AIM Balanced-Risk Allocation Fund. By investing in the Subsidiary, the AIM Balanced-Risk Allocation Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. The derivatives and other investments held by the Subsidiary are generally similar to those that are permitted to be held by the Acquiring Funds and are subject to the same risks that apply to similar investments if held directly by the Funds. There can be no assurance that the investment objective of the Subsidiary will be achieved. The Subsidiary is not registered under the 1940 Act and, unless otherwise noted in the Acquiring Fund’s prospectus, is not subject to all the investor protections of the 1940 Act. Accordingly, the AIM Balanced-Risk Allocation Fund, as the sole investor in Subsidiary, will not have all of the protections offered to investors in registered investment companies. In addition, changes in the laws of the United States and/or the Cayman Islands could result in the inability of the AIM Balanced-Risk Allocation Fund and/or the Subsidiary to operate as described in the Acquiring Funds’ prospectus and the SAI and could adversely affect the Funds. | All Acquiring Funds | |
Derivatives Risk — Derivatives are financial contracts whose value depends on or is derived from an underlying asset (including an underlying security), reference rate or index. Derivatives may be used as a substitute for purchasing the underlying asset or as a hedge to reduce exposure to risks. The 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 other more traditional instruments. Risks to which derivatives may be subject include market, interest rate, credit, leverage and management risks. They may also be more difficult to purchase or sell or value than other investments. When used for hedging or reducing exposure, the derivative may not correlate perfectly with the underlying asset, reference rate or index. A fund investing in a derivative could lose more than the cash amount invested. Over the counter derivatives are also subject to counterparty risk, which is the risk that the other party to the contract will not fulfill its contractual obligation to complete the transaction with the fund. In addition, the use of certain derivatives may cause the fund to realize higher amounts of income or short-term capital gains (generally taxed at ordinary income tax rates.) | All Acquiring Funds All VK Funds | |
Leverage Risk — Leverage exists when a fund purchases or sells an instrument or enters into a transaction without investing cash in an amount equal to the full economic exposure of the instrument or transaction. Such instruments may include, among others, reverse repurchase agreements, written options and derivatives, and transactions may include the use of when-issued, delayed delivery or forward commitment transactions. A fund mitigates leverage risk by segregating or earmarking liquid assets or otherwise covers transactions that may give rise to such risk. To the extent that a fund is not able to close out a leveraged position because of market illiquidity, the fund’s liquidity may be impaired to the extent that it has a substantial portion of liquid assets segregated or earmarked to cover obligations and may liquidate portfolio positions when it may not be advantageous to do so. Leveraging may cause a fund to be more volatile because it may exaggerate the effect of any increase or decrease in the value of the fund’s portfolio securities. There can be no assurance that a fund’s leverage strategy will be successful. | All Acquiring Funds |
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Principal Risk | Funds Subject to Risk | |
Counterparty Risk — Individually negotiated, or over-the-counter, derivatives are also subject to counterparty risk, which is the risk that the other party to the contract will not fulfill its contractual obligation to complete the transaction of the fund. | All Acquiring Funds All VK Funds | |
Currency/Exchange Rate Risk — A fund may buy or sell currencies other than the U.S. Dollar and use derivatives involving foreign currencies in order to capitalize on anticipated changes in exchange rates. There is no guarantee that these investments will be successful. | All Acquiring Funds All VK Funds | |
Limited Number of Holdings Risk — Because a large percentage of a fund’s assets may be invested in a limited number of securities, a change in the value of these securities could significantly affect the value of your investments in the fund. | All Acquiring Funds | |
Management Risk — There is no guarantee that the investment techniques and risk analyses used by a fund’s portfolio managers will produce the desired results. | All Acquiring Funds All VK Funds | |
Non-diversification Risk — Because it is non-diversified, a fund, other than the money market funds, may invest in securities of fewer issuers than if it were diversified. Thus, the value of a fund’s shares may vary more widely, and the fund may be subject to greater market and credit risk, than if the fund invested more broadly. | All Acquiring Funds All VK Funds | |
Each VK Fund is also a non-diversified fund because it invests primarily in the Underlying Funds. Generally, a non-diversified fund invests a greater portion of its assets in a more limited number of issuers than a diversified fund; and, as a result, a non-diversified fund generally is subject to greater risk than a diversified fund because changes in the financial condition or market assessment of a single issuer may cause greater fluctuations in the value of such non-diversified fund’s shares. However, because each VK Fund implements its asset allocation strategy by investing in different types of Underlying Funds and because most of the Underlying Funds are themselves diversified, it is expected that the VK Funds are subject to less non-diversification risk than other types of non-diversified funds not pursuing this kind of strategy. However, the VK Funds may invest a significant portion of their respective assets in one or more Underlying Funds and certain Underlying Funds may be non-diversified themselves. Thus, the VK Funds may present more risk than a diversified fund. | ||
The following are additional principal risks as described in the VK Funds’ prospectus: | ||
Fund Selection Risk — It is expected that investors will select a Fund whose stated target retirement date is closest to their retirement date. Choosing a Fund with an earlier target retirement date represents a more conservative choice; choosing a Fund with a later target retirement date represents a more aggressive choice. The target retirement date of a Fund should not necessarily represent the year an investor intends to start withdrawing retirement assets; it should be a guide only. More conservative investors should choose a Fund with a target retirement date earlier than their planned retirement year. To the extent that a Fund’s assets decrease over time, that Fund’s expense ratio is likely to increase. | All VK Funds All Acquiring Funds | |
Unaffiliated Underlying Funds risks — Although the Funds’ investment adviser monitors and seeks to coordinate the overall asset allocation of the Funds, each Underlying Fund’s investment adviser makes investment decisions independently. The investment styles employed by Underlying Funds’ investment advisers may not be complementary. The interplay of the various strategies employed by the Underlying | All VK Funds |
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Principal Risk | Funds Subject to Risk | |
Funds’ investment advisers may result in a Fund’s exposure to a given stock, industry or investment style unintentionally being smaller or larger than intended. Certain of the Unaffiliated Underlying Funds in which the Funds may invest utilize a multi-manager approach, which may increase these risks. Furthermore, the multi-manager approach could increase an Unaffiliated Underlying Fund’s portfolio turnover rates, which may result in higher levels of realized capital gains or losses, higher brokerage commissions and other transaction costs. | ||
Exchange traded funds (ETFs) risk — An investment by a Fund in an Underlying Fund that is an ETF generally presents the same primary risks as investment in an Underlying Fund that is a mutual fund. In addition ETFs may also be subject to the following risks: (i) the market price of an ETF may trade above or below net asset value, (ii) an active trading market for an ETF’s shares may not be maintained; (iii) trading in an ETF’s shares may be halted if the listing exchange deems such action appropriate; (iv) ETFs are not actively managed and may not fulfill their objective of tracking the performance of the index they seek to track; (v) an ETF would not necessarily sell a security because of a decline in the financial condition of the issuer unless such security was removed from the index such ETF seeks to track, (vi) the value of an investment in an ETF may decline more or less in correlation with any decline in the value of the index it seeks to track; (vii) an ETF that is focused on a single industry or sector may present more risks than if it were broadly diversified over numerous industries or sectors of the economy. | All VK Funds | |
Target allocation risk. When a Fund has a greater asset allocation to equity securities it will be less conservative and have more equity security risk exposure. Over time, as a Fund gets closer to its target retirement date, a Fund’s asset mix becomes more conservative as it contains more fixed-income and short-term fixed-income securities and it will have more fixed-income security risk exposure. A Fund’s transformation reflects the need to reduce overall investment risk and lower volatility as retirement approaches and the Fund may be a primary source of income for an investor after retirement. | All VK Funds All Acquiring Funds | |
Style-specific risk — Different types of stocks tend to shift in and out of favor depending on market and economic conditions. Underlying Funds that emphasize a growth style of investing often seek companies experiencing high rates of current growth; such companies may be more volatile than other types of investments. Underlying Funds that emphasize a value style of investing often seek undervalued companies with characteristics for improved valuations; such companies are subject to the risk that the valuations never improve. Certain Underlying Funds invest in companies with special situations or circumstances (for example: companies with new, limited or cyclical product lines, services, markets, distribution channels or financial resources, or companies where the management of such companies may be dependent upon one or a few key people, or companies with initial public offerings, or other unusual events such as acquisitions, mergers, liquidations); such companies can be subject to more abrupt or erratic market movements than stocks of larger, more established companies or the stock markets in general. | All VK Funds | |
Capitalization risk — Some Underlying Funds emphasize their investments in companies of a particular capitalization range while other Underlying Funds may invest in all companies regardless of capitalization. During an overall stock market decline, stock prices of small- (including micro capitalization) or medium-capitalization companies (which certain Underlying Funds may emphasize) often fluctuate more and may fall more than stock prices of larger-capitalization companies. Stocks of small- and medium-capitalization companies have sometimes gone through extended periods of | All VK Funds |
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Principal Risk | Funds Subject to Risk | |
outperformance and underperformance relative to larger-capitalization companies. | ||
Call/Prepayment risk — If interest rates fall, it is possible that issuers of callable securities held by the Underlying Funds will call or prepay their securities before their maturity dates. In this event, the proceeds from the called or prepaid securities would most likely be reinvested by the Underlying Funds in securities bearing new, lower interest rates, resulting in a possible decline in the Underlying Fund’s income and distributions to shareholders. | All VK Funds | |
For Underlying Funds that invest in pools of mortgages issued or guaranteed by private organizations or U.S. government agencies, these mortgage-related securities are especially sensitive to call or prepayment risk because borrowers often refinance their mortgages when interest rates drop. | ||
Extension risk — As discussed above, the prices of fixed income securities tend to fall as interest rates rise. For mortgage-related securities, if interest rates rise, borrowers may prepay mortgages more slowly than originally expected. This may further reduce the market value of the securities and lengthen their durations. | All VK Funds | |
Inflation indexed securities — Certain Underlying Funds may invest in inflation-indexed bonds issued by the U.S. government, its agencies and instrumentalities, and corporations. Unlike a conventional bond, whose issuer makes regular fixed interest payments and repays the face value of the bond at maturity, an inflation-indexed security provides principal payments and interest payments, both of which are adjusted over time to reflect a rise (inflation) or a drop (deflation) in the general price level. Inflation measurement and adjustment for an inflation-indexed have two important features. There is generally some lag between the time that inflation occurs in the economy and when it is factored into inflation-indexed security valuations. In addition, the inflation index generally used is the non-seasonally adjusted index, which is not statistically smoothed to overcome highs and lows observed at different points each year. The use of the non-seasonally adjusted index can cause the such Underlying Fund’s income level to fluctuate. | All VK Funds | |
Real estate, real estate investment trusts (“REITs”) and foreign real estate companies — Underlying Funds that invest in or concentrate their investments in the real estate industry or in REITs or foreign real estate companies are more susceptible to risks associated with the ownership of real estate and with the real estate industry in general. These risks can include fluctuations in the value of underlying properties; defaults by borrowers or tenants; market saturation; changes in general and local economic conditions; decreases in market rates for rents; increases in competition, property taxes, capital expenditures, or operating expenses; and other economic, political or regulatory occurrences affecting the real estate industry. The value of securities of companies which service the real estate industry also will be affected by such risks. In addition, REITs and foreign real estate companies depend upon specialized management skills, may not be diversified, may have limited financial resources, may have less trading volume, and may be subject to more abrupt or erratic price movements than the overall securities markets. REITs and foreign real estate companies must comply with certain requirements of the federal income tax law to maintain their federal income tax status. Investments in REITs and foreign real estate companies may involve duplication of management fees and certain other expenses, as an Underlying Fund indirectly bears its proportionate share of any expenses paid by REITs and foreign real estate companies in which it invests. | All VK Funds |
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VK Fund/Share Classes | Outstanding Shares | |||
VK In Retirement Strategy Fund | ||||
Class A | ||||
Class C | ||||
Class R | ||||
Class I | ||||
VK Retirement 2010 Strategy Fund | ||||
Class A | ||||
Class C | ||||
Class R | ||||
Class I | ||||
VK Retirement 2015 Strategy Fund | ||||
Class A | ||||
Class C | ||||
Class R | ||||
Class I | ||||
VK Retirement 2020 Strategy Fund | ||||
Class A | ||||
Class C | ||||
Class R | ||||
Class I | ||||
VK Retirement 2025 Strategy Fund | ||||
Class A | ||||
Class C | ||||
Class R | ||||
Class I | ||||
VK Retirement 2030 Strategy Fund | ||||
Class A | ||||
Class C | ||||
Class R | ||||
Class I | ||||
VK Retirement 2035 Strategy Fund | ||||
Class A | ||||
Class C | ||||
Class R | ||||
Class I | ||||
VK Retirement 2040 Strategy Fund | ||||
Class A | ||||
Class C | ||||
Class R | ||||
Class I | ||||
VK Retirement 2045 Strategy Fund | ||||
Class A | ||||
Class C | ||||
Class R | ||||
Class I |
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VK Fund/Share Classes | Outstanding Shares | |||
VK Retirement 2050 Strategy Fund | ||||
Class A | ||||
Class C | ||||
Class R | ||||
Class I |
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Number of | Percent Owned of | |||||||||||||||
Name and Address | Fund | Class of Shares | Shares Owned | Record* | ||||||||||||
Name and Address | % |
* | The VK Trust has no knowledge of whether all or any portion of the shares owned of record are also owned beneficially. |
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Number of | Percent Owned of | |||||||||||||||
Name and Address | Fund | Class of Shares | Shares Owned | Record* | ||||||||||||
Name and Address | % |
* | The Acquiring Fund Trust has no knowledge of whether all or any portion of the shares owned of record are also owned beneficially. |
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STATEMENT OF ADDITIONAL INFORMATION
[ ______], 2010
AIM Balanced Risk Retirement 2010 Fund
AIM Balanced Risk Retirement 2020 Fund
AIM Balanced Risk Retirement 2030 Fund
AIM Balanced Risk Retirement 2040 Fund
AIM Balanced Risk Retirement 2050 Fund
(each an “Acquiring Fund” and, collectively, the “Acquiring Funds”)
Houston, Texas 77046-1173
(800) 959-4246
Shareholders of the Van Kampen Retirement Strategy Trust for each of the following funds:
Van Kampen Retirement 2010 Strategy Fund
Van Kampen Retirement 2015 Strategy Fund
Van Kampen Retirement 2020 Strategy Fund
Van Kampen Retirement 2025 Strategy Fund
Van Kampen Retirement 2030 Strategy Fund
Van Kampen Retirement 2035 Strategy Fund
Van Kampen Retirement 2040 Strategy Fund
Van Kampen Retirement 2045 Strategy Fund
Van Kampen Retirement 2050 Strategy Fund
(each a “VK Fund” and, collectively, the “VK Funds”)
Table of Contents
Page | ||||||||
General Information | 3 | |||||||
Incorporation by Reference | 3 | |||||||
Pro Forma Financial Statements | 4 |
2
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VAN KAMPEN FUND | ACQUIRING FUND | |
Van Kampen In Retirement Strategy Fund | AIM Balanced Risk Retirement Now Fund | |
Van Kampen Retirement 2010 Strategy Fund | AIM Balanced Risk Retirement 2010 Fund | |
Van Kampen Retirement 2015 Strategy Fund | AIM Balanced Risk Retirement 2010 Fund | |
Van Kampen Retirement 2020 Strategy Fund | AIM Balanced Risk Retirement 2020 Fund | |
Van Kampen Retirement 2025 Strategy Fund | AIM Balanced Risk Retirement 2020 Fund | |
Van Kampen Retirement 2030 Strategy Fund | AIM Balanced Risk Retirement 2030 Fund | |
Van Kampen Retirement 2035 Strategy Fund | AIM Balanced Risk Retirement 2030 Fund | |
Van Kampen Retirement 2040 Strategy Fund | AIM Balanced Risk Retirement 2040 Fund | |
Van Kampen Retirement 2045 Strategy Fund | AIM Balanced Risk Retirement 2040 Fund | |
Van Kampen Retirement 2050 Strategy Fund | AIM Balanced Risk Retirement 2050 Fund |
1. | Statement of Additional Information dated December 30, 2009 for Van Kampen Retirement Strategy Trust (filed via EDGAR on December 22, 2009, Accession No. 0000950123-09-072729). |
2. | The audited financial statements and related report of the independent public accounting firm included in the Van Kampen Retirement Strategy Trust Annual Report to Shareholders for the fiscal year ended August 31, 2009 (filed via EDGAR on October 29, 2009, Accession No. 0000950123-09-054749). |
3. | Statement of Additional Information dated February [_____], 2010 for AIM Growth Series with respect to Class A5, C5 and R5 shares of the AIM Balanced Risk Retirement Now Fund, AIM Balanced Risk Retirement 2010 Fund, AIM Balanced Risk Retirement 2020 Fund, AIM Balanced Risk Retirement 2030 Fund, AIM Balanced Risk Retirement 2040 Fund, and AIM Balanced Risk Retirement 2050 Fund (filed via EDGAR on December 11, 2009, Accession No. 0000950123-09-070211) |
4. | Statement of Additional Information dated November 4, 2009 for AIM Growth Series with respect to AIM Balanced Risk Retirement Now Fund, AIM Balanced Risk Retirement 2010 Fund, AIM Balanced Risk Retirement 2020 Fund, AIM Balanced Risk Retirement 2030 Fund, |
3
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AIM Balanced Risk Retirement 2040 Fund, and AIM Balanced Risk Retirement 2050 Fund (filed via EDGAR on November 4, 2009, Accession No. 0000950123-09-057509). |
5. | The unaudited financial statements and related report of the independent public accounting firm included in the AIM Growth Series Semi-Annual Report to Shareholders for the fiscal period ended June 30, 2009 with respect to AIM Balanced Risk Retirement Now Fund, AIM Balanced Risk Retirement 2010 Fund, AIM Balanced Risk Retirement 2020 Fund, AIM Balanced Risk Retirement 2030 Fund, AIM Balanced Risk Retirement 2040 Fund, and AIM Balanced Risk Retirement 2050 Fund (filed via EDGAR on September 4, 2009, Accession No. 0000950123-09-041094). |
6. | The audited financial statements and related report of the independent public accounting firm included in the AIM Growth Series Annual Report to Shareholders for the fiscal year ended December 31, 2008 with respect to AIM Balanced Risk Retirement Now Fund, AIM Balanced Risk Retirement 2010 Fund, AIM Balanced Risk Retirement 2020 Fund, AIM Balanced Risk Retirement 2030 Fund, AIM Balanced Risk Retirement 2040 Fund, and AIM Balanced Risk Retirement 2050 Fund (filed via EDGAR on March 6, 2009, Accession No. 0000950129-09-000795). |
VAN KAMPEN FUND | ACQUIRING FUND | |
Van Kampen In Retirement Strategy Fund | AIM Balanced Risk Retirement Now Fund | |
Van Kampen Retirement 2010 Strategy Fund | AIM Balanced Risk Retirement 2010 Fund | |
Van Kampen Retirement 2015 Strategy Fund | AIM Balanced Risk Retirement 2010 Fund | |
Van Kampen Retirement 2020 Strategy Fund | AIM Balanced Risk Retirement 2020 Fund | |
Van Kampen Retirement 2025 Strategy Fund | AIM Balanced Risk Retirement 2020 Fund | |
Van Kampen Retirement 2030 Strategy Fund | AIM Balanced Risk Retirement 2030 Fund | |
Van Kampen Retirement 2035 Strategy Fund | AIM Balanced Risk Retirement 2030 Fund | |
Van Kampen Retirement 2040 Strategy Fund | AIM Balanced Risk Retirement 2040 Fund | |
Van Kampen Retirement 2045 Strategy Fund | AIM Balanced Risk Retirement 2040 Fund | |
Van Kampen Retirement 2050 Strategy Fund | AIM Balanced Risk Retirement 2050 Fund |
4
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5
Table of Contents
of Van Kampen In Retirement Strategy Fund into AIM Balanced-Risk Retirement Now Fund (formerly known as AIM Independence Now Fund)
June 30, 2009
(Unaudited)
AIM | |||||||||||||||||
AIM | Balanced-Risk | ||||||||||||||||
Van Kampen | Balanced-Risk | Retirement Now Fund | |||||||||||||||
In Retirement | Retirement Now | Pro Forma | |||||||||||||||
Strategy Fund | Fund | Adjustments * | Combining | ||||||||||||||
Assets: | |||||||||||||||||
Investments in unaffiliated underlying funds, at value | |||||||||||||||||
(Cost $2,613,614 — Van Kampen In Retirement Strategy Fund) | $ | 2,728,066 | $ | — | $ | — | $ | 2,728,066 | |||||||||
(Cost $0 — AIM Balanced-Risk Retirement Now Fund) | — | — | — | — | |||||||||||||
(Cost $2,613,614 — Pro Forma Combining) | — | ||||||||||||||||
Investments in affiliated underlying funds, at value | |||||||||||||||||
(Cost $573,465 — Van Kampen In Retirement Strategy Fund) | 628,852 | 1,888,163 | — | 2,517,015 | |||||||||||||
(Cost $2,078,875 — AIM Balanced-Risk Retirement Now Fund) | — | — | — | — | |||||||||||||
(Cost $2,652,340 — Pro Forma Combining) | — | — | |||||||||||||||
Repurchase Agreements, at value and cost | 210,000 | — | — | 210,000 | |||||||||||||
Total Investments. At value | |||||||||||||||||
(Cost $3,397,079 — Van Kampen In Retirement Strategy Fund) | 3,566,918 | 1,888,163 | — | 5,455,081 | |||||||||||||
(Cost $2,078,875 — AIM Balanced-Risk Retirement Now Fund) | — | — | — | ||||||||||||||
(Cost $5,475,954 — Pro Forma Combining) | — | ||||||||||||||||
Receivables for: | |||||||||||||||||
Investments sold | — | 5,178 | — | 5,178 | |||||||||||||
Fund shares sold | 3,564 | 491 | — | 4,055 | |||||||||||||
Dividends from affiliated underlying funds | — | 29 | — | 29 | |||||||||||||
Fund expenses absorbed | — | 4,965 | — | 4,965 | |||||||||||||
Investment for trustee deferred compensation and retirement plans | 25,069 | 3,000 | — | 28,069 | |||||||||||||
Other assets | 2,752 | 29,089 | — | 31,841 | |||||||||||||
Total assets | 3,598,303 | 1,930,915 | 74,137 | ||||||||||||||
Liabilities: | |||||||||||||||||
Payables for: | |||||||||||||||||
Investments purchased | 36,270 | — | — | 36,270 | |||||||||||||
Investments purchased from affiliates | — | 2,988 | 2,988 | ||||||||||||||
Fund shares reacquired | 506 | 7,173 | — | 7,679 | |||||||||||||
Dividends | 334 | — | — | 334 | |||||||||||||
Accrued fees to affiliates | — | 3,229 | — | 3,229 | |||||||||||||
Accrued operating expenses | 69,653 | 34,824 | — | 104,477 | |||||||||||||
Trustee deferred compensation and retirement plans | — | 3,000 | — | 3,000 | |||||||||||||
Total liabilities | 106,763 | 51,214 | — | 157,977 | |||||||||||||
Net assets applicable to shares outstanding | $ | 3,491,540 | $ | 1,879,701 | $ | — | $ | (83,840 | ) | ||||||||
Net assets consist of: | |||||||||||||||||
Shares of beneficial interest | $ | 3,323,716 | $ | 2,262,625 | $ | — | $ | 5,586,341 | |||||||||
Undistributed net investment income | 21,184 | 445 | — | 21,629 | |||||||||||||
Undistributed net realized gain (loss) | (23,199 | ) | (192,657 | ) | — | (215,856 | ) | ||||||||||
Unrealized appreciation (depreciation) | 169,839 | (190,712 | ) | — | (20,873 | ) | |||||||||||
3,491,540 | $ | 1,879,701 | $ | — | $ | 5,371,241 | |||||||||||
Net assets: | |||||||||||||||||
Class A** | $ | 2,862,263 | $ | 1,044,779 | $ | (2,862,263 | ) | $ | 1,044,779 | ||||||||
Class A5 | $ | — | $ | — | $ | 2,862,263 | $ | 2,862,263 | |||||||||
Class B | $ | — | $ | 358,111 | $ | — | $ | 358,111 | |||||||||
Class C** | $ | 412,625 | $ | 188,383 | $ | (412,625 | ) | $ | 188,383 | ||||||||
Class C5 | $ | — | $ | — | $ | 412,625 | $ | 412,625 | |||||||||
Class I ** | $ | 109,395 | $ | — | $ | (109,395 | ) | $ | — | ||||||||
Class R** | $ | 107,257 | $ | 227,588 | $ | (107,257 | ) | $ | 227,588 | ||||||||
Class R5 | $ | — | $ | — | $ | 107,257 | $ | 107,257 | |||||||||
Class Y | $ | — | $ | 16,164 | $ | 109,395 | $ | 125,559 | |||||||||
Institutional Class | $ | — | $ | 44,676 | $ | — | $ | 44,676 | |||||||||
Shares Outstanding, $0.01 par value per share: | |||||||||||||||||
Class A** | 266,215 | 135,021 | (266,215 | ) | 135,021 | ||||||||||||
Class A5 | — | — | 369,743 | 369,743 | |||||||||||||
Class B | — | 46,222 | — | 46,222 | |||||||||||||
Class C** | 38,459 | 24,338 | (38,459 | ) | �� | 24,338 | |||||||||||
Class C5 | — | — | 53,316 | 53,316 | |||||||||||||
Class I ** | 10,187 | — | (10,187 | ) | — | ||||||||||||
Class R** | 10,000 | 29,399 | (10,000 | ) | 29,399 | ||||||||||||
Class R5 | — | — | 13,863 | 13,863 | |||||||||||||
Class Y | — | 2,090 | 14,154 | 16,244 | |||||||||||||
Institutional Class | — | 5,775 | — | 5,775 | |||||||||||||
Class A: | |||||||||||||||||
Net asset value per share | $ | 10.75 | $ | 7.74 | $ | — | $ | 7.74 | |||||||||
Offering price per share: | |||||||||||||||||
(Net asset value of $10.75 ÷ 94.25% — Van Kampen In Retirement Strategy Fund) | |||||||||||||||||
(Net asset value of $7.74 ÷ 94.50%- AIM Balanced-Risk Retirement Now Fund) | $ | 11.41 | $ | 8.19 | $ | — | $ | 8.19 | |||||||||
Class A5: | |||||||||||||||||
Net asset value per share | $ | — | $ | — | $ | — | $ | 7.74 | |||||||||
Offering price per share: | |||||||||||||||||
(Net asset value of $7.74 ÷ 94.50% — AIM Balanced-Risk Retirement Now Fund) | $ | — | $ | — | $ | — | $ | 8.19 | |||||||||
Class B: | |||||||||||||||||
Net asset value and offering price per share | $ | — | $ | 7.75 | $ | — | $ | 7.75 | |||||||||
Class C: | |||||||||||||||||
Net asset value and offering price per share | $ | 10.73 | $ | 7.74 | $ | — | $ | 7.74 | |||||||||
Class C5: | |||||||||||||||||
Net asset value and offering price per share | $ | — | $ | — | $ | — | $ | 7.74 | |||||||||
Class I: | |||||||||||||||||
Net asset value and offering price per share | $ | 10.74 | $ | — | $ | (10.74 | ) | $ | — | ||||||||
Class R: | |||||||||||||||||
Net asset value and offering price per share | $ | 10.73 | $ | 7.74 | $ | — | $ | 7.74 | |||||||||
Class R5: | |||||||||||||||||
Net asset value and offering price per share | $ | — | $ | — | $ | — | $ | 7.74 | |||||||||
Class Y: | |||||||||||||||||
Net asset value and offering price per share | $ | — | $ | 7.73 | $ | — | $ | 7.73 | |||||||||
Institutional Class: | |||||||||||||||||
Net asset value and offering price per share | $ | — | $ | 7.74 | $ | — | $ | 7.74 |
* | Shares outstanding have been adjusted for the accumulated change in the number of shares of Van Kampen In Retirement Strategy Fund’s shareholder accounts based on the relative value of Van Kampen In Retirement Strategy Fund’s and AIM Balanced-Risk Retirement Now Fund’s Net asset value per share assuming the Reorganization would have taken place on June 30, 2009. | |
As of June 30, 2009, Class A5, Class C5 and Class R5 did not exist for AIM Balanced-Risk Retirement Now Fund and will be added in connection with the Reorganization. Class A5, Class C5 and Class R5 shares of AIM Balanced-Risk Retirement Now Fund will commence operations at the net asset value per share of AIM Balanced-Risk Retirement Now Fund’s Class A, Class C and Class R shares, respectively. | ||
** | Class A, Class C, Class R and Class I shares outstanding of Van Kampen In Retirement Strategy Fund will be converted into Class A5, Class C5, Class R5 and Class Y shares, respectively of AIM Balanced-Risk Retirement Now Fund. |
Table of Contents
of Van Kampen In Retirement Strategy Fund into AIM Balanced-Risk Retirement Now Fund (formerly known as AIM Independence Now Fund)
For the period ended June 30, 2009
(Unaudited)
AIM | ||||||||||||||||
AIM | Balanced-Risk | |||||||||||||||
Van Kampen | Balanced-Risk | Retirement Now Fund | ||||||||||||||
In Retirement | Retirement Now | Pro Forma | ||||||||||||||
Strategy Fund * | Fund | Adjustments ** | Combining | |||||||||||||
Investment income: | ||||||||||||||||
Dividends — unaffiliated underlying fund shares | $ | 24,995 | $ | — | $ | — | $ | 24,995 | ||||||||
Dividends — affiliated underyling fund shares | 9,584 | 85,975 | — | 95,559 | ||||||||||||
Interest | 131 | — | — | 131 | ||||||||||||
Other Income | — | 54 | — | 54 | ||||||||||||
Total investment income | 34,710 | 86,029 | — | 120,739 | ||||||||||||
Expenses: | ||||||||||||||||
Advisory fees | 906 | — | (906 | )(a) | — | |||||||||||
Administrative services fees | 18,115 | 50,000 | (18,115 | )(b) | 50,000 | |||||||||||
Custodian fees | 12,400 | 9,312 | 21,712 | |||||||||||||
Distribution fees: | ||||||||||||||||
Class A | 1,606 | 2,567 | (1,606 | ) | 2,567 | |||||||||||
Class A5 | — | — | 1,606 | 1,606 | ||||||||||||
Class B | — | 3,681 | — | 3,681 | ||||||||||||
Class C | 616 | 1,461 | (616 | ) | 1,461 | |||||||||||
Class C5 | — | — | 616 | 616 | ||||||||||||
Class R | 343 | 672 | (343 | ) | 672 | |||||||||||
Class R5 | — | — | 343 | 343 | ||||||||||||
Transfer agent fees—A, A5, B, C, C5, R, R5 and Y | 19,848 | 4,154 | — | 24,002 | ||||||||||||
Transfer agent fees—Institutional | — | 10 | — | 10 | ||||||||||||
Trustees’ and officer’s fees and benefits | 4,213 | 15,228 | (4,213 | )(c) | 15,228 | |||||||||||
Registration & filing fees | 6,013 | 59,920 | 65,933 | |||||||||||||
Reports to shareholders | 40,054 | 1,959 | (31,013 | )(d) | 11,000 | |||||||||||
Professional services fees | 87,576 | 40,697 | (72,526 | )(e) | 55,747 | |||||||||||
Other | 7,803 | 12,304 | — | 20,107 | ||||||||||||
Total expenses | 199,493 | 201,965 | (126,773 | ) | 274,685 | |||||||||||
Less: Fees waived and expenses reimbursed | (194,988 | ) | (193,187 | ) | 125,003 | (a) | (263,172 | ) | ||||||||
Net expenses | 4,505 | 8,778 | (1,770 | ) | 11,513 | |||||||||||
Net investment income | 30,205 | 77,251 | 1,770 | 109,226 | ||||||||||||
Realized and unrealized gain (loss) from: | ||||||||||||||||
Net realized gain (loss) from: | ||||||||||||||||
Investment securities — unaffiliated underying fund shares | (16,769 | ) | — | — | (16,769 | ) | ||||||||||
Investment securities — affiliated underying fund shares *** | (6,430 | ) | (178,503 | ) | — | (184,933 | ) | |||||||||
(23,199 | ) | (178,503 | ) | — | (201,702 | ) | ||||||||||
Net unrealized appreciation (depreciation) of: | ||||||||||||||||
Investment securities — unaffiliated underying fund shares | 122,768 | — | — | 122,768 | ||||||||||||
Investment securities — affiliated underying fund shares | 47,071 | (97,299 | ) | — | (50,228 | ) | ||||||||||
169,839 | (97,299 | ) | — | 72,540 | ||||||||||||
Net realized and unrealized gain (loss) | 146,640 | (275,802 | ) | — | (129,162 | ) | ||||||||||
Net increase (decrease) in net assets resulting from operations | $ | 176,845 | $ | (198,551 | ) | $ | 1,770 | $ | (19,936 | ) | ||||||
* | For the period October 23, 2008 (commencement date) to June 30, 2009. | |
** | See NOTE 2 Pro Forma Adjustments. Also, as of June 30, 2009, Class A5, Class C5 and Class R5 did not exist for AIM Balanced-Risk Retirement Now Fund and will be added in connection with the Reorganization. Also, Class A, Class C, Class R and Class I shares outstanding of Van Kampen In Retirement Strategy Fund will be converted into Class A5, Class C5, Class R5 and Class Y shares, respectively of AIM Balanced-Risk Retirement Now Fund. | |
*** | Includes gains (losses) on securites sold to affiliates of $(7,418) of AIM Balanced-Risk Retirement Now Fund. |
Table of Contents
of Van Kampen In Retirement Strategy Fund into AIM Balanced-Risk Retirement Now Fund (formerly known as AIM Independence Now Fund)
June 30, 2009
(Unaudited)
Shares | Value | |||||||||||||||||||||||||
AIM | AIM | |||||||||||||||||||||||||
Balanced-Risk | Balanced-Risk | |||||||||||||||||||||||||
AIM | Retirement | AIM | Retirement | |||||||||||||||||||||||
Van Kampen | Balanced-Risk | Now Fund | Van Kampen | Balanced-Risk | Now Fund | |||||||||||||||||||||
In Retirement | Retirement | Pro Forma | In Retirement | Retirement | Pro Forma | |||||||||||||||||||||
Strategy Fund | Now Fund | Combining | Strategy Fund | Now Fund | Combining | |||||||||||||||||||||
Domestic Equity Funds—18.89% | ||||||||||||||||||||||||||
— | 9,211 | 9,211 | AIM Diversified Dividend Fund | (b) | $ | — | $ | 82,346 | $ | 82,346 | ||||||||||||||||
— | 7,030 | 7,030 | AIM Structured Growth Fund | (b) | — | 50,688 | 50,688 | |||||||||||||||||||
— | 7,183 | 7,183 | AIM Structured Value Fund | (b) | — | 49,707 | 49,707 | |||||||||||||||||||
— | 1,509 | 1,509 | AIM Trimark Small Companies Fund | (b) | — | 14,536 | 14,536 | |||||||||||||||||||
— | 4,190 | 4,190 | PowerShares Dynamic Large Cap Growth Portfolio-ETF | (b) | — | 48,395 | 48,395 | |||||||||||||||||||
— | 3,633 | 3,633 | PowerShares Dynamic Large Cap Value Portfolio-ETF | (b) | — | 51,807 | 51,807 | |||||||||||||||||||
— | 1,672 | 1,672 | PowerShares Dynamic Small Cap Growth Portfolio-ETF | (b) | — | 18,542 | 18,542 | |||||||||||||||||||
— | 1,675 | 1,675 | PowerShares Dynamic Small Cap Value Portfolio-ETF | (b)(c) | — | 17,521 | 17,521 | |||||||||||||||||||
— | 3,247 | 3,247 | PowerShares FTSE RAFI US 1000 Portfolio-ETF | (b) | — | 120,918 | 120,918 | |||||||||||||||||||
— | 621 | 621 | PowerShares FTSE RAFI US 1500 Small Mid Portfolio-ETF | (b) | — | 23,225 | 23,225 | |||||||||||||||||||
9,763 | — | 9,763 | Russell U.S. Core Equity Fund-Class Y | (d) | 195,951 | — | 195,951 | |||||||||||||||||||
9,352 | — | 9,352 | Russell U.S. Small & Mid Cap Fund-Class Y | (d) | 136,167 | — | 136,167 | |||||||||||||||||||
3,625 | — | 3,625 | Van Kampen American Value Fund | (e) | 63,431 | — | 63,431 | |||||||||||||||||||
4,997 | — | 4,997 | Van Kampen Capital Growth Fund | (e) | 43,028 | — | 43,028 | |||||||||||||||||||
5,024 | — | 5,024 | Van Kampen Core Equity Fund | (e) | 29,591 | — | 29,591 | |||||||||||||||||||
3,758 | — | 3,758 | Van Kampen Growth & Income Fund | (e) | 52,041 | — | 52,041 | |||||||||||||||||||
925 | — | 925 | Van Kampen Mid Cap Growth Fund | (e) | 17,052 | — | 17,052 | |||||||||||||||||||
Total Domestic Equity Funds | 537,261 | 477,685 | 1,014,946 | |||||||||||||||||||||||
Fixed-Income Funds—70.09% | ||||||||||||||||||||||||||
— | 50,160 | 50,160 | AIM Core Bond Fund | (b) | — | 421,344 | 421,344 | |||||||||||||||||||
— | 16,874 | 16,874 | AIM Floating Rate Fund | (b) | — | 114,234 | 114,234 | |||||||||||||||||||
— | 15,456 | 15,456 | AIM High Yield Fund | (b) | — | 53,322 | 53,322 | |||||||||||||||||||
— | 6,611 | 6,611 | AIM International Total Return Fund | (b) | — | 70,804 | 70,804 | |||||||||||||||||||
— | 4,728 | 4,728 | AIM Limited Maturity Fund | (b) | — | 49,504 | 49,504 | |||||||||||||||||||
— | 35,480 | 35,480 | AIM Short Term Bond Fund | (b) | — | 300,159 | 300,159 | |||||||||||||||||||
— | 18,043 | 18,043 | AIM U.S. Government Fund | (b) | — | 158,956 | 158,956 | |||||||||||||||||||
10,947 | — | 10,947 | iShares Barclays U.S. Treasury Inflation Protected Securities Bond Fund | (d) | 1,112,544 | — | 1,112,544 | |||||||||||||||||||
116,250 | — | 116,250 | Russell Strategic Bond Fund-Class Y | (d) | 1,104,373 | — | 1,104,373 | |||||||||||||||||||
45,106 | — | 45,106 | Van Kampen High Yield Fund | (e) | 379,340 | — | 379,340 | |||||||||||||||||||
Total Fixed-Income Funds | 2,596,257 | 1,168,323 | 3,764,580 | |||||||||||||||||||||||
Foreign Equity Funds—6.32% | ||||||||||||||||||||||||||
— | 1,639 | 1,639 | AIM International Core Equity Fund | (b) | — | 14,667 | 14,667 | |||||||||||||||||||
— | 1,810 | 1,810 | AIM International Growth Fund | (b) | — | 37,824 | 37,824 | |||||||||||||||||||
— | 1,174 | 1,174 | PowerShares FTSE RAFI Developed Markets ex-US Portfolio-ETF | (b) | — | 36,265 | 36,265 | |||||||||||||||||||
— | 2,368 | 2,368 | PowerShares International Dividends Achievers Portfolio-ETF | (b) | — | 27,090 | 27,090 | |||||||||||||||||||
5,081 | — | 5,081 | Russell Emerging Markets Fund-Class Y | (d) | 69,249 | — | 69,249 | |||||||||||||||||||
4,341 | — | 4,341 | Russell International Developed Markets Fund-Class Y | (d) | 109,783 | — | 109,783 | |||||||||||||||||||
1,158 | — | 1,158 | Van Kampen Emerging Markets Fund | (e) | 12,729 | — | 12,729 | |||||||||||||||||||
2,395 | — | 2,395 | Van Kampen International Growth Fund | (e) | 31,639 | — | 31,639 | |||||||||||||||||||
Total Foreign Equity Funds | 223,400 | 115,846 | 339,246 | |||||||||||||||||||||||
Real Estate Funds—1.05% | ||||||||||||||||||||||||||
— | 10,191 | 10,191 | AIM Select Real Estate Income Fund | (b) | — | 56,255 | 56,255 | |||||||||||||||||||
Money Market Funds—1.30% | ||||||||||||||||||||||||||
— | 66,042 | 66,042 | Liquid Assets Portfolio | (b) | — | 66,042 | 66,042 | |||||||||||||||||||
— | 4,012 | 4,012 | STIC Prime Portfolio | (b) | — | 4,012 | 4,012 | |||||||||||||||||||
Total Money Market Funds | — | 70,054 | 70,054 | |||||||||||||||||||||||
TOTAL INVESTMENTS (excluding Repurchase Agreements)—97.65% | 3,356,918 | 1,888,163 | 5,245,081 | |||||||||||||||||||||||
Repurchase Amount | ||||||||||||||||||||||||||
Repurchase Agreements —3.91% | (f) | |||||||||||||||||||||||||
$ | 11,740 | $ | — | $ | 11,740 | Banc of America Securities LLC ($11,740 par collateralized by U.S. Government obligations in a pooled cash account, interest rate of 0.06%, dated 06/30/09, to be sold on 07/01/09 at $11,740) | 11,740 | — | 11,740 | |||||||||||||||||
198,260 | — | 198,260 | JP Morgan Chase & Co. ($198,260 par collateralized by U.S. Government obligations in a pooled cash account, interest rate of 0.05%, dated 06/30/09, to be sold on 07/01/09 at $198,260) | 198,260 | — | 198,260 | ||||||||||||||||||||
Total Repurchase Agreements (Cost $210,000) | 210,000 | — | 210,000 | |||||||||||||||||||||||
TOTAL INVESTMENTS—101.56% (Cost $5,475,954) | 3,566,918 | 1,888,163 | 5,455,081 | |||||||||||||||||||||||
OTHER ASSETS LESS LIABILITIES—(1.56%) | (75,378 | ) | (8,462 | ) | (83,840 | ) | ||||||||||||||||||||
NET ASSETS—100.00% | $ | 3,491,540 | $ | 1,879,701 | $ | 5,371,241 | ||||||||||||||||||||
ETF — Exchange-Traded Fund
(a) | At June 30, 2009, all securities held by Van Kampen In Retirement Strategy Fund do not comply with investment objectives, strategies and restrictions of AIM Balanced-Risk Retirement Now Fund and as such, will be liquidated prior to the reorganization. Effective November 4, 2009, AIM Independence Now Fund changed its investment objective, strategy and underlying investments from AIM Funds and PowerShares Funds to a combination of AIM Balanced-Risk Allocation Fund (“ABRA”) and affiliated money market funds (or 100% ABRA). In addition, the Fund changed its name to AIM Balanced-Risk Retirement Now Fund. | |
(b) | The underlying fund and the Fund are affiliated by either having the same investment advisor or an investment advisor under common control with the Fund’s investment advisor. The Fund invests in Instiutional Class shares of the mutual funds listed. | |
(c) | Non-income producing security. A security is determined to be non-income producing if the security has not declared a distribution in more than one year from the report date. | |
(d) | Non-affiliate of the Fund, its investment advisor, or Van Kampen Asset Management (“Van Kampen”) | |
(e) | The underlying fund is an affiliate of Van Kampen. The underlying fund invests in Class I shares of the Van Kampen mutual funds listed. | |
(f) | Principal ammount equals value at period end. |
Table of Contents
of Van Kampen In Retirement Strategy Fund into AIM Balanced-Risk Retirement Now Fund
June 30, 2009
(Unaudited)
Table of Contents
Table of Contents
Table of Contents
Level 1 | — Prices are determined using quoted prices in an active market for identical assets. |
Level 2 | — Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others. |
Level 3 | — Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Fund’s own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information. |
Equity Securities | Repurchase Agreements | |||||||||||||||||||||||||||||||
Fund Name | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||
Van Kampen In Retirement Strategy Fund | $ | 3,356,918 | $ | — | $ | — | $ | 3,356,918 | $ | — | $ | 210,000 | $ | — | $ | 3,566,918 | ||||||||||||||||
AIM Balanced-Risk Retirement Now Fund | 1,888,163 | — | — | 1,888,163 | — | — | — | — | ||||||||||||||||||||||||
AIM Balanced-Risk Retirement Now Fund Pro Forma Combining | $ | 5,245,081 | $ | — | $ | — | $ | 5,245,081 | $ | — | $ | 210,000 | $ | — | $ | 5,455,081 |
Table of Contents
of Van Kampen 2010 Retirement Strategy Fund and Van Kampen 2015 Retirement Strategy Fund into AIM Balanced-Risk Retirement 2010 Fund
(formerly known as AIM Independence 2010 Fund)
June 30, 2009
(Unaudited)
AIM | ||||||||||||||||||||
Van Kampen | Van Kampen | AIM | Balanced-Risk | |||||||||||||||||
Retirement 2010 | Retirement 2015 | Balanced-Risk | Retirement 2010 Fund | |||||||||||||||||
Strategy | Strategy | Retirement 2010 | Pro Forma | |||||||||||||||||
Fund | Fund | Fund | Adjustments * | Combining | ||||||||||||||||
Assets: | ||||||||||||||||||||
Investments in unaffiliated underlying funds, at value | $ | 2,754,721 | $ | 4,318,666 | $ | — | $ | — | $ | 7,073,387 | ||||||||||
(Cost $2,626,771 — Van Kampen 2010 Retirement Strategy Fund) | ||||||||||||||||||||
(Cost $4,040,914 — Van Kampen 2015 Retirement Strategy Fund) | ||||||||||||||||||||
(Cost $6,667,685 — Pro Forma Combining) | ||||||||||||||||||||
Investments in affiliated underlying funds, at value | 763,598 | 1,144,293 | 5,605,889 | — | 7,513,780 | |||||||||||||||
(Cost $712,447 — Van Kampen 2010 Retirement Strategy Fund) | ||||||||||||||||||||
(Cost $1,038,588 — Van Kampen 2015 Retirement Strategy Fund) | ||||||||||||||||||||
(Cost $6,003,380 — AIM Balanced-Risk Retirement 2010 Fund) | ||||||||||||||||||||
(Cost $7,754,415 — Pro Forma Combining) | ||||||||||||||||||||
Repurchase Agreements, at value and cost | 125,000 | 108,000 | — | — | 233,000 | |||||||||||||||
Total Investments | 3,643,319 | 5,570,959 | 5,605,889 | — | 14,820,167 | |||||||||||||||
(cost $3,464,218 — Van Kampen 2010 Retirement Strategy Fund) | ||||||||||||||||||||
(cost $5,187,502 — Van Kampen 2015 Retirement Strategy Fund) | ||||||||||||||||||||
(cost $6,003,380 — AIM Balanced-Risk Retirement 2010 Fund) | ||||||||||||||||||||
(cost $14,655,100 — Pro Forma Combining) | ||||||||||||||||||||
Receivables for: | ||||||||||||||||||||
Fund shares sold | 31,512 | 209,491 | 767,239 | — | 1,008,242 | |||||||||||||||
Dividends from affiliated underlying funds | — | — | 22 | — | 22 | |||||||||||||||
Fund expenses absorbed | — | — | 8,638 | — | 8,638 | |||||||||||||||
Investment for trustee deferred compensation and retirement plans | — | — | 3,004 | — | 3,004 | |||||||||||||||
Other assets | 27,501 | 27,681 | 29,319 | — | 84,501 | |||||||||||||||
Total Assets | 3,702,332 | 5,808,131 | 6,414,111 | — | 15,924,574 | |||||||||||||||
Liabilities: | ||||||||||||||||||||
Payables for: | ||||||||||||||||||||
Investments purchased | 117,540 | 89,098 | — | — | 206,638 | |||||||||||||||
Investments purchased from affiliates | — | — | 13,728 | — | 13,728 | |||||||||||||||
Fund shares reacquired | — | 1,805 | 1,058 | — | 2,863 | |||||||||||||||
Amount due to custodian | — | — | 6,536 | — | 6,536 | |||||||||||||||
Accrued fees to affiliates | — | — | 8,764 | — | 8,764 | |||||||||||||||
Accrued operating expenses | 82,414 | 83,601 | 35,304 | — | 201,319 | |||||||||||||||
Trustee deferred compensation and retirement plans | — | — | 3,004 | — | 3,004 | |||||||||||||||
Total liabilities | 199,954 | 174,504 | 68,394 | — | 442,852 | |||||||||||||||
Net assets applicable to shares outstanding | $ | 3,502,378 | $ | 5,633,627 | $ | 6,345,717 | $ | — | $ | 15,481,722 | ||||||||||
Net assets consist of: | ||||||||||||||||||||
Shares of beneficial interest | $ | 3,309,368 | $ | 5,264,865 | $ | 7,202,698 | $ | — | $ | 15,776,931 | ||||||||||
Undistributed net investment income | 16,361 | 24,753 | 95,880 | — | 136,994 | |||||||||||||||
Undistributed net realized gain (loss) | (2,452 | ) | (39,448 | ) | (555,370 | ) | — | (597,270 | ) | |||||||||||
Unrealized appreciation (depreciation) | 179,101 | 383,457 | (397,491 | ) | — | 165,067 | ||||||||||||||
$ | 3,502,378 | $ | 5,633,627 | $ | 6,345,717 | $ | — | $ | 15,481,722 | |||||||||||
Net assets: | ||||||||||||||||||||
Class A** | $ | 2,387,097 | $ | 4,654,967 | $ | 3,943,928 | $ | (7,042,064 | ) | $ | 3,943,928 | |||||||||
Class A5 | $ | — | $ | — | $ | — | $ | 7,042,064 | $ | 7,042,064 | ||||||||||
Class B | $ | — | $ | — | $ | 361,003 | $ | — | $ | 361,003 | ||||||||||
Class C** | $ | 896,451 | $ | 744,396 | $ | 1,087,620 | $ | (1,640,847 | ) | $ | 1,087,620 | |||||||||
Class C5 | $ | — | $ | — | $ | — | $ | 1,640,847 | $ | 1,640,847 | ||||||||||
Class I ** | $ | 109,602 | $ | 118,611 | $ | — | $ | (228,213 | ) | $ | — | |||||||||
Class R** | $ | 109,228 | $ | 115,653 | $ | 866,188 | $ | (224,881 | ) | $ | 866,188 | |||||||||
Class R5 | $ | — | $ | — | $ | — | $ | 224,881 | $ | 224,881 | ||||||||||
Class Y | $ | — | $ | — | $ | 76,668 | $ | 228,213 | $ | 304,881 | ||||||||||
Institutional Class | $ | — | $ | — | $ | 10,310 | $ | — | $ | 10,310 | ||||||||||
Shares Outstanding, $0.01 par value per share: | ||||||||||||||||||||
Class A** | 218,235 | 429,021 | 491,988 | (647,256 | ) | 491,988 | ||||||||||||||
Class A5 | — | — | — | 878,063 | 878,063 | |||||||||||||||
Class B | — | — | 45,323 | — | 45,323 | |||||||||||||||
Class C** | 82,303 | 68,742 | 136,493 | (151,045 | ) | 136,493 | ||||||||||||||
Class C5 | — | — | — | 205,878 | 205,878 | |||||||||||||||
Class I ** | 10,000 | 10,912 | — | (20,912 | ) | — | ||||||||||||||
Class R** | 10,000 | 10,676 | 108,271 | (20,676 | ) | 108,271 | ||||||||||||||
Class R5 | — | — | — | 28,110 | 28,110 | |||||||||||||||
Class Y | — | — | 9,550 | 28,420 | 37,970 | |||||||||||||||
Institutional Class | — | — | 1,282 | 1,282 | ||||||||||||||||
Class A: | ||||||||||||||||||||
Net asset value per share | $ | 10.94 | $ | 10.85 | $ | 8.02 | $ | 8.02 | ||||||||||||
Offering price per share: | ||||||||||||||||||||
(Net asset value of $10.94 ÷ 94.25% — Van Kampen 2010 Retirement Strategy Fund) | ||||||||||||||||||||
(Net asset value of $10.85 ÷ 94.25% — Van Kampen 2015 Retirement Strategy Fund) | ||||||||||||||||||||
(Net asset value of $8.02 ÷ 94.50% — AIM Balanced-Risk Retirement 2010 Fund) | $ | 11.61 | $ | 11.51 | $ | 8.49 | $ | 8.49 | ||||||||||||
Class A5: | ||||||||||||||||||||
Net asset value per share | $ | — | $ | — | $ | — | $ | 8.02 | ||||||||||||
Offering price per share: | ||||||||||||||||||||
(Net asset value of $8.02 ÷ 94.50% — AIM Balanced-Risk Retirement 2010 Fund) | $ | — | $ | — | $ | — | $ | 8.49 | ||||||||||||
Class B: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | — | $ | 7.97 | $ | 7.97 | ||||||||||||
Class C: | ||||||||||||||||||||
Net asset value and offering price per share | $ | 10.89 | $ | 10.83 | $ | 7.97 | $ | 7.97 | ||||||||||||
Class C5: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | — | $ | — | $ | 7.97 | ||||||||||||
Class I: | ||||||||||||||||||||
Net asset value and offering price per share | $ | 10.96 | $ | 10.87 | $ | — | $ | — | ||||||||||||
Class R: | ||||||||||||||||||||
Net asset value and offering price per share | $ | 10.92 | $ | 10.83 | $ | 8.00 | $ | 8.00 | ||||||||||||
Class R5: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | — | $ | — | $ | 8.00 | ||||||||||||
Class Y: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | — | $ | 8.03 | $ | 8.03 | ||||||||||||
Institutional Class: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | — | $ | 8.04 | $ | 8.04 |
* | Shares outstanding have been adjusted for the accumulated change in the number of shares of Van Kampen 2010 Retirement Strategy Fund’s and Van Kampen 2015 Retirement Strategy Fund’s shareholder accounts based on the relative value of Van Kampen 2010 Retirement Strategy Fund’s and Van Kampen 2015 Retirement Strategy Fund’s and AIM Balanced-Risk Retirement Now Fund’s Net asset value per share assuming the Reorganization would have taken place on June 30, 2009. As of June 30, 2009, Class A5, Class C5 and Class R5 did not exist for AIM Balanced-Risk Retirement 2010 Fund and will be added in connection with the Reorganization. Class A5, Class C5 and Class R5 shares of AIM Balanced-Risk Retirement 2010 Fund will commence operations at the net asset value per share of AIM Balanced-Risk Retirement 2010 Fund’s Class A, Class C and Class R shares, respectively. | |
** | Class A, Class C, Class R and Class I shares outstanding of Van Kampen 2010 & 2015 Retirement Strategy Funds were converted into Class A5, Class C5, Class R5 and Class Y shares, respectively of AIM Balanced-Risk Retirement 2010 Fund. |
Table of Contents
of Van Kampen 2010 Retirement Strategy Fund and Van Kampen 2015 Retirement Strategy Fund into AIM Balanced-Risk Retirement 2010 Fund
(formerly known as AIM Independence 2010 Fund)
For the year ended June 30, 2009
(Unaudited)
AIM | ||||||||||||||||||||
Van Kampen | Van Kampen | AIM | Balanced-Risk | |||||||||||||||||
2010 Retirement | 2015 Retirement | Balanced-Risk | Retirement 2010 Fund | |||||||||||||||||
Strategy | Strategy | Retirement 2010 | Pro Forma | |||||||||||||||||
Fund* | Fund* | Fund | Adjustments ** | Combining | ||||||||||||||||
Investment income: | ||||||||||||||||||||
Dividends from unaffiliated underlying funds | $ | 15,374 | $ | 24,548 | $ | — | $ | — | $ | 39,922 | ||||||||||
Dividends from affiliated underlying funds | 5,664 | 6,605 | 224,763 | — | 237,032 | |||||||||||||||
Interest | 38 | 61 | — | 99 | ||||||||||||||||
Other Income | — | — | 69 | — | 69 | |||||||||||||||
Total investment income | 21,076 | 31,214 | 224,832 | — | 277,122 | |||||||||||||||
Expenses: | ||||||||||||||||||||
Advisory fees | 745 | 1,251 | — | (1,996 | )(a) | — | ||||||||||||||
Administrative services fees | 17,078 | 18,723 | 50,000 | (35,801 | )(b) | 50,000 | ||||||||||||||
Custodian fees | 12,585 | 11,338 | 10,377 | — | 34,300 | |||||||||||||||
Distribution fees: | — | |||||||||||||||||||
Class A | 944 | 2,335 | 6,359 | (3,279 | ) | 6,359 | ||||||||||||||
Class A5 | — | — | — | 3,279 | 3,279 | |||||||||||||||
Class B | — | — | 4,347 | — | 4,347 | |||||||||||||||
Class C | 2,032 | 1,219 | 8,512 | (3,251 | ) | 8,512 | ||||||||||||||
Class C5 | — | — | — | 3,251 | 3,251 | |||||||||||||||
Class R | 341 | 342 | 2,797 | (683 | ) | 2,797 | ||||||||||||||
Class R5 | — | — | — | 683 | 683 | |||||||||||||||
Transfer agent fees—A, A5, B, C, C5, I, R, R5 & Y | 23,166 | 34,038 | 11,448 | — | 68,652 | |||||||||||||||
Transfer agent fees—Institutional | — | — | 14 | — | 14 | |||||||||||||||
Trustees’ and officer’s fees and benefits | 4,157 | 3,276 | 17,873 | (7,433 | )(c) | 17,873 | ||||||||||||||
Registration & filing fees | 10,304 | 6,918 | 60,888 | 78,110 | ||||||||||||||||
Reports to shareholders | 40,110 | 40,128 | 4,892 | (74,130 | )(d) | 11,000 | ||||||||||||||
Professional services fees | 90,650 | 87,476 | 40,838 | (143,234 | )(e) | 75,730 | ||||||||||||||
Other | 9,261 | 7,682 | 12,351 | — | 29,294 | |||||||||||||||
Total expenses | 211,373 | 214,726 | 230,696 | (262,594 | ) | 394,201 | ||||||||||||||
Less: Fees waived, expenses reimbursed and expense offset arrangement(s) | (206,576 | ) | (208,266 | ) | (206,782 | ) | 259,812 | (a) | (361,812 | ) | ||||||||||
Net expenses | 4,797 | 6,460 | 23,914 | (2,782 | ) | 32,389 | ||||||||||||||
Net investment income | 16,279 | 24,754 | 200,918 | 2,782 | 244,733 | |||||||||||||||
Realized and unrealized gain (loss): | ||||||||||||||||||||
Net realized gain (loss) from: | ||||||||||||||||||||
Investment securities — unaffiliated underlying fund shares | (1,792 | ) | (31,085 | ) | — | (32,877 | ) | |||||||||||||
Investment securities — affiliated underlying fund shares *** | (660 | ) | (8,363 | ) | (516,971 | ) | — | (525,994 | ) | |||||||||||
(2,452 | ) | (39,448 | ) | (516,971 | ) | — | (558,871 | ) | ||||||||||||
Net unrealized appreciation (depreciation) of: | ||||||||||||||||||||
Investment securities — unaffiliated underlying fund shares | 130,885 | 302,160 | — | — | 433,045 | |||||||||||||||
Investment securities — affiliated underlying fund shares | 48,216 | 81,297 | 384,446 | — | 513,959 | |||||||||||||||
179,101 | 383,457 | 384,446 | — | 947,004 | ||||||||||||||||
Net realized and unrealized gain (loss) | 176,649 | 344,009 | (132,525 | ) | — | 388,133 | ||||||||||||||
Net increase in net assets resulting from operations | $ | 192,928 | $ | 368,763 | $ | 68,393 | $ | 2,782 | $ | 632,866 | ||||||||||
* | For the period October 23, 2008 (commencement date) to June 30, 2009. | |
** | See Note 2 Pro Forma Adjustments. As of June 30, 2009, Class A5, Class C5 and Class R5 did not exist for AIM Balanced-Risk Retirement 2010 Fund and will be added in connection with the Reorganization. Also, Class A, Class C, Class R and Class I shares outstanding of Van Kampen 2010 & 2015 Retirement Strategy Funds will be converted into Class A5, Class C5, Class R5 and Class Y shares, respectively of AIM Balanced-Risk Retirement 2010 Fund. | |
*** | Includes gain (loss) from securities sold to affiliates of $(69,699). |
Table of Contents
of Van Kampen 2010 Retirement Strategy Fund and Van Kampen 2015 Retirement Strategy Fund into AIM Balanced-Risk Retirement 2010 Fund
(formerly known as AIM Independence 2010 Fund)
June 30, 2009
(Unaudited)
Shares | Value | |||||||||||||||||||||||||||||||||
Van Kampen | Van Kampen | AIM | AIM Balanced-Risk | Van Kampen | Van Kampen | AIM | AIM Balanced-Risk | |||||||||||||||||||||||||||
2010 Retirement | 2015 Retirement | Balanced-Risk | Retirement 2010 Fund | 2010 Retirement | 2015 Retirement | Balanced-Risk | Retirement 2010 Fund | |||||||||||||||||||||||||||
Strategy | Strategy | Retirement 2010 | Pro Forma | Strategy | Strategy | Retirement 2010 | Pro Forma | |||||||||||||||||||||||||||
Fund | Fund | Fund | Combining | Fund | Fund | Fund | Combining | |||||||||||||||||||||||||||
Domestic Equity Funds—28.59% | ||||||||||||||||||||||||||||||||||
— | — | 28,915 | 28,915 | AIM Diversified Dividend Fund | (b) | $ | — | $ | — | $ | 258,499 | $ | 258,499 | |||||||||||||||||||||
— | — | 22,245 | 22,245 | AIM Structured Growth Fund | (b) | — | — | 160,384 | 160,384 | |||||||||||||||||||||||||
— | — | 22,731 | 22,731 | AIM Structured Value Fund | (b) | — | — | 157,302 | 157,302 | |||||||||||||||||||||||||
— | — | 5,394 | 5,394 | AIM Trimark Small Companies Fund | (b) | — | — | 51,945 | 51,945 | |||||||||||||||||||||||||
— | — | 14,081 | 14,081 | PowerShares Dynamic Large Cap Growth Portfolio-ETF | (b) | — | — | 162,636 | 162,636 | |||||||||||||||||||||||||
— | — | 11,892 | 11,892 | PowerShares Dynamic Large Cap Value Portfolio-ETF | (b) | — | — | 169,580 | 169,580 | |||||||||||||||||||||||||
— | — | 6,090 | 6,090 | PowerShares Dynamic Small Cap Growth Portfolio-ETF | (b)(c) | — | — | 67,538 | 67,538 | |||||||||||||||||||||||||
— | — | 6,057 | 6,057 | PowerShares Dynamic Small Cap Value Portfolio-ETF | (b) | — | — | 63,356 | 63,356 | |||||||||||||||||||||||||
— | — | 10,633 | 10,633 | PowerShares FTSE RAFI US 1000 Portfolio-ETF | (b) | — | — | 395,973 | 395,973 | |||||||||||||||||||||||||
— | — | 2,262 | 2,262 | PowerShares FTSE RAFI US 1500 Small-Mid Portfolio-ETF | (b) | — | — | 84,599 | 84,599 | |||||||||||||||||||||||||
19,130 | 32,952 | — | 52,082 | Russell U.S. Core Equity Fund-Class Y | (d) | 383,943 | 661,337 | — | 1,045,280 | |||||||||||||||||||||||||
18,096 | 31,294 | — | 49,390 | Russell U.S. Small & Mid Cap Fund-Class Y | (d) | 263,482 | 455,647 | — | 719,129 | |||||||||||||||||||||||||
7,071 | 12,188 | — | 19,259 | Van Kampen American Value Fund | (e) | 123,749 | 213,293 | — | 337,042 | |||||||||||||||||||||||||
9,737 | 16,661 | — | 26,398 | Van Kampen Capital Growth Fund | (e) | 83,831 | 143,449 | — | 227,280 | |||||||||||||||||||||||||
9,684 | 17,281 | — | 26,965 | Van Kampen Core Equity Fund | (e) | 57,041 | 101,782 | — | 158,823 | |||||||||||||||||||||||||
7,383 | 12,740 | — | 20,123 | Van Kampen Growth & Income Fund | (e) | 102,251 | 176,444 | — | 278,695 | |||||||||||||||||||||||||
1,783 | 3,030 | — | 4,813 | Van Kampen Mid Cap Growth Fund | (e) | 32,855 | 55,849 | — | 88,704 | |||||||||||||||||||||||||
Total Domestic Equity Funds | 1,047,152 | 1,807,801 | 1,571,812 | 4,426,765 | ||||||||||||||||||||||||||||||
Fixed-Income Funds—49.31% | ||||||||||||||||||||||||||||||||||
— | — | 148,837 | 148,837 | AIM Core Bond Fund | (b) | — | — | 1,250,231 | 1,250,231 | |||||||||||||||||||||||||
— | — | 45,976 | 45,976 | AIM Floating Rate Fund | (b) | — | — | 311,259 | 311,259 | |||||||||||||||||||||||||
— | — | 60,318 | 60,318 | AIM High Yield Fund | (b) | — | — | 208,096 | 208,096 | |||||||||||||||||||||||||
— | — | 18,930 | 18,930 | AIM International Total Return Fund | (b) | — | — | 202,738 | 202,738 | |||||||||||||||||||||||||
— | — | 5,004 | 5,004 | AIM Limited Maturity Fund | (b) | — | — | 52,392 | 52,392 | |||||||||||||||||||||||||
— | — | 87,913 | 87,913 | AIM Short Term Bond Fund | (b) | — | — | 743,746 | 743,746 | |||||||||||||||||||||||||
— | — | 70,563 | 70,563 | AIM U.S. Government Fund | (b) | — | — | 621,661 | 621,661 | |||||||||||||||||||||||||
7,699 | 10,799 | — | 18,498 | iShares Barclays U.S. Treasury Inflation Protected Securities Fund | (d) | 782,449 | 1,097,502 | — | 1,879,951 | |||||||||||||||||||||||||
81,737 | 114,639 | — | 196,376 | Russell Strategic Bond Fund-Class Y | (d) | 776,503 | 1,089,069 | — | 1,865,572 | |||||||||||||||||||||||||
29,356 | 29,936 | — | 59,292 | Van Kampen High Yield Fund | (e) | 246,882 | 251,763 | — | 498,645 | |||||||||||||||||||||||||
Total Fixed-Income Funds | 1,805,834 | 2,438,334 | 3,390,123 | 7,634,291 | ||||||||||||||||||||||||||||||
Foreign Equity Funds—12.72% | ||||||||||||||||||||||||||||||||||
— | — | 5,872 | 5,872 | AIM International Core Equity Fund | (b) | — | — | 52,551 | 52,551 | |||||||||||||||||||||||||
— | — | 6,386 | 6,386 | AIM International Growth Fund | (b) | — | — | 133,473 | 133,473 | |||||||||||||||||||||||||
— | — | 4,336 | 4,336 | PowerShares FTSE RAFI Developed Markets ex-US Portfolio-ETF | (b) | — | — | 133,939 | 133,939 | |||||||||||||||||||||||||
— | — | 8,855 | 8,855 | PowerShares International Dividends Achievers Portfolio-ETF | (b) | — | — | 101,301 | 101,301 | |||||||||||||||||||||||||
9,585 | 16,748 | — | 26,333 | Russell Emerging Markets Fund-Class Y | (d) | 130,648 | 228,272 | — | 358,920 | |||||||||||||||||||||||||
12,637 | 21,798 | — | 34,435 | Russell International Developed Markets Fund-Class Y | (c)(d) | 319,600 | 551,261 | — | 870,861 | |||||||||||||||||||||||||
2,237 | 3,803 | — | 6,040 | Van Kampen Emerging Markets Fund | (e) | 24,585 | 41,796 | — | 66,381 | |||||||||||||||||||||||||
6,995 | 12,106 | — | 19,101 | Van Kampen International Growth Fund | (e) | 92,404 | 159,917 | — | 252,321 | |||||||||||||||||||||||||
Total Foreign Equity Funds | 567,237 | 981,246 | 421,264 | 1,969,747 | ||||||||||||||||||||||||||||||
Real Estate Funds—3.23% | ||||||||||||||||||||||||||||||||||
— | — | 30,125 | 30,125 | AIM Select Real Estate Income Fund | (b) | — | — | 166,291 | 166,291 | |||||||||||||||||||||||||
4,523 | 10,861 | — | 15,384 | Russell Real Estate Securities Fund-Class Y | (d) | 98,096 | 235,578 | — | 333,674 | |||||||||||||||||||||||||
Total Real Estate Funds | 98,096 | 235,578 | 166,291 | 499,965 | ||||||||||||||||||||||||||||||
Money Market Funds—0.37% | ||||||||||||||||||||||||||||||||||
— | — | 45,125 | 45,125 | Liquid Assets Portfolio | (b) | — | — | 45,125 | 45,125 | |||||||||||||||||||||||||
— | — | 11,274 | 11,274 | STIC Prime Portfolio | (b) | — | — | 11,274 | 11,274 | |||||||||||||||||||||||||
Total Money Market Funds | — | — | 56,399 | 56,399 | ||||||||||||||||||||||||||||||
TOTAL INVESTMENTS (excluding Repurchase Agreements)—94.22% (Cost $14,422,100) | 3,518,319 | 5,462,959 | 5,605,889 | 14,587,167 | ||||||||||||||||||||||||||||||
Table of Contents
of Van Kampen 2010 Retirement Strategy Fund and Van Kampen 2015 Retirement Strategy Fund into AIM Balanced-Risk Retirement 2010 Fund
(formerly known as AIM Independence 2010 Fund)
June 30, 2009
(Unaudited)
Repurchase Amount | Value | |||||||||||||||||||||||||||||||||
Van Kampen | Van Kampen | AIM | AIM Balanced-Risk | Van Kampen | Van Kampen | AIM | AIM Balanced-Risk | |||||||||||||||||||||||||||
2010 Retirement | 2015 Retirement | Balanced-Risk | Retirement 2010 Fund | 2010 Retirement | 2015 Retirement | Balanced-Risk | Retirement 2010 Fund | |||||||||||||||||||||||||||
Strategy | Strategy | Retirement 2010 | Pro Forma | Strategy | Strategy | Retirement 2010 | Pro Forma | |||||||||||||||||||||||||||
Fund | Fund | Fund | Combining | Fund | Fund | Fund | Combining | |||||||||||||||||||||||||||
Repurchase Agreements—1.51% | ||||||||||||||||||||||||||||||||||
$ | 6,987 | $ | — | $ | — | $ | 6,987 | Banc of America Securities ($6,987 par collateralized by U.S. Government obligations in a pooled cash account, interest rate of 0.60%, dated 06/30/09, to be sold on 07/01/09) | $ | 6,987 | $ | — | $ | — | $ | 6,987 | ||||||||||||||||||
— | 6,037 | — | 6,037 | Banc of America Securities ($6,037 par collateralized by U.S. Government obligations in a pooled cash account, interest rate of 0.60%, dated 06/30/09, to be sold on 07/01/09) | — | 6,037 | — | 6,037 | ||||||||||||||||||||||||||
118,015 | — | — | 118,015 | JPMorgan Chase & Co. ($118,013 par collateralized by U.S. Government obligations in a pooled cash account, interest rate of 0.50%, dated 06/30/09, to be sold on 07/01/09) | 118,013 | — | — | 118,013 | ||||||||||||||||||||||||||
— | 101,964 | — | 101,964 | JPMorgan Chase & Co. ($101,963 par collateralized by U.S. Government obligations in a pooled cash account, interest rate of 0.50%, dated 06/30/09, to be sold on 07/01/09) | — | 101,963 | — | 101,963 | ||||||||||||||||||||||||||
Repurchase Agreements—1.51% (Cost $233,000) | 125,000 | 108,000 | — | 233,000 | ||||||||||||||||||||||||||||||
TOTAL INVESTMENTS—95.73% (Cost $14,655,100) | 3,643,319 | 5,570,959 | 5,605,889 | 14,820,167 | ||||||||||||||||||||||||||||||
OTHER ASSETS LESS LIABILITIES-4.27% | (140,941 | ) | 62,668 | 739,828 | 661,555 | |||||||||||||||||||||||||||||
NET ASSETS—100.00% | $ | 3,502,378 | $ | 5,633,627 | $ | 6,345,717 | $ | 15,481,722 | ||||||||||||||||||||||||||
ETF — Exchange-Traded Fund
(a) | At June 30, 2009, all securities held by Van Kampen 2010 Retirement Strategy Fund and Van Kampen 2015 Retirement Strategy Fund do not comply with the investment objectives, strategies and restrictions of AIM Balanced-Risk Retirement 2010 Fund and as such, will be liquidated prior to the reorganization. Effective November 4, 2009, AIM Independence 2010 Fund changed its investment objective, strategy and underlying investments from AIM Funds and PowerShares Funds to a combination of AIM Balanced-Risk Allocation Fund (“ABRA”) and affiliated money market funds [or 100% ABRA]. In addition, the Fund changed its name to AIM Balanced-Risk Retirement 2010 Fund. | |
(b) | The underlying fund and the Fund are affiliated by either having the same investment advisor or an investment advisor under common control with the Fund’s investment advisor. The Fund invests in Institutional Class shares of the mutual funds listed. | |
(c) | Non-income producing security. A security is determined to be non-income producing if the security has not declared a distribution in more than one year from the report date. | |
(d) | Non affiliate of the Fund, its investment advisor or Van Kampen Asset Management (“Van Kampen”). | |
(e) | The underlying fund is an affiliate of Van Kampen and invests in Class I shares of the Van Kampen mutual funds listed. |
Table of Contents
of Van Kampen 2010 Retirement Strategy Fund and Van Kampen 2015 Retirement Strategy Fund
into AIM Balanced-Risk Retirement 2010 Fund
June 30, 2009
(Unaudited)
Table of Contents
Table of Contents
Table of Contents
Level 1 — | Prices are determined using quoted prices in an active market for identical assets. |
Level 2 — | Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others. |
Level 3 — | Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Fund’s own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information. |
Equity Securities | Repurchase Agreements | |||||||||||||||||||||||||||||||
Fund Name | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||
Van Kampen 2010 Retirement Strategy Fund | $ | 3,518,319 | $ | — | $ | — | $ | 3,518,319 | $ | — | $ | 125,000 | $ | — | $ | 125,000 | ||||||||||||||||
Van Kampen 2015 Retirement Strategy Fund | 5,462,959 | — | — | 5,462,959 | — | 108,000 | — | 108,000 | ||||||||||||||||||||||||
AIM Balanced-Risk Retirement 2010 Allocation Fund | 5,605,889 | — | — | 5,605,889 | — | — | — | — | ||||||||||||||||||||||||
AIM Balanced-Risk Retirement 2010 Allocation Fund Pro Forma Combining | $ | 14,587,167 | $ | — | $ | — | $ | 14,587,167 | $ | — | $ | 233,000 | $ | — | $ | 233,000 |
Table of Contents
of Van Kampen 2020 Retirement Strategy Fund and Van Kampen 2025 Retirement Strategy Fund into AIM Balanced-Risk Retirement 2020 Fund
(formerly known as AIM Independence 2020 Fund)
June 30, 2009
(Unaudited)
AIM | ||||||||||||||||||||
Van Kampen | Van Kampen | AIM | Balanced-Risk | |||||||||||||||||
2020 Retirement | 2025 Retirement | Balanced-Risk | Retirement 2020 | |||||||||||||||||
Strategy | Strategy | Retirement 2020 | Pro Forma | |||||||||||||||||
Fund | Fund | Fund | Adjustments * | Combining | ||||||||||||||||
Assets: | ||||||||||||||||||||
Investments in affiliated underlying funds, at value | $ | 804,554 | $ | 829,058 | $ | 12,947,801 | $ | — | $ | 14,581,413 | ||||||||||
(Cost $736,299 — Van Kampen Retirement 2020 Strategy Fund) | ||||||||||||||||||||
(Cost $762,179 — Van Kampen Retirement 2025 Strategy Fund) | ||||||||||||||||||||
(Cost $13,787,163 — AIM Balanced-Risk Retirement 2020 Fund) | ||||||||||||||||||||
(Cost $15,285,641 — Pro Forma Combining) | ||||||||||||||||||||
Investments in underlying unaffiliated funds, at value | 3,531,805 | 3,251,674 | — | — | 6,783,479 | |||||||||||||||
(Cost $3,318,774 — Van Kampen Retirement 2020 Strategy Fund) | ||||||||||||||||||||
(Cost $3,044,709 — Van Kampen Retirement 2025 Strategy Fund) | ||||||||||||||||||||
(Cost $0 — AIM Balanced-Risk Retirement 2020 Fund) | ||||||||||||||||||||
(Cost $6,363,483 — Pro Forma Combining) | ||||||||||||||||||||
Repurchase Agreements, at value (Cost $230,000) | 179,000 | 51,000 | — | — | 230,000 | |||||||||||||||
Total Investments | 4,515,359 | 4,131,732 | 12,947,801 | — | 21,594,892 | |||||||||||||||
(Cost $4,234,073 — Van Kampen Retirement 2020 Strategy Fund) | ||||||||||||||||||||
(Cost $3,857,888 — Van Kampen Retirement 2025 Strategy Fund) | ||||||||||||||||||||
(Cost $13,787,163 — AIM Balanced-Risk Retirement 2020 Fund) | ||||||||||||||||||||
(Cost $21,879,124 — Pro Forma Combining) | ||||||||||||||||||||
Receivables for: | ||||||||||||||||||||
Investments sold | — | — | 11,890 | — | 11,890 | |||||||||||||||
Fund shares sold | 129,581 | 110,184 | 9,724 | — | 249,489 | |||||||||||||||
Dividends from affiliated underlying funds | — | — | 27 | — | 27 | |||||||||||||||
Fund expenses absorbed | — | — | 12,350 | — | 12,350 | |||||||||||||||
Investment for trustee deferred compensation and retirement plans | — | — | 3,010 | — | 3,010 | |||||||||||||||
Other assets | 25,615 | 25,294 | 29,578 | — | 80,487 | |||||||||||||||
Total assets | 4,670,555 | 4,267,210 | 13,014,380 | — | 21,952,145 | |||||||||||||||
Liabilities: | ||||||||||||||||||||
Payables for: | ||||||||||||||||||||
Investments purchased | 172,432 | 38,738 | — | — | 211,170 | |||||||||||||||
Fund shares reacquired | 2,300 | 625 | 26,204 | — | 29,129 | |||||||||||||||
Amount due custodian | — | — | 20,817 | — | 20,817 | |||||||||||||||
Accrued fees to affiliates | — | — | 19,325 | — | 19,325 | |||||||||||||||
Accrued operating expenses | 82,096 | 83,855 | 38,352 | — | 204,303 | |||||||||||||||
Trustee deferred compensation and retirement plans | — | — | 3,010 | — | 3,010 | |||||||||||||||
Total liabilities | 256,828 | 123,218 | 107,708 | — | 487,754 | |||||||||||||||
Net assets applicable to shares outstanding | $ | 4,413,727 | $ | 4,143,992 | $ | 12,906,672 | $ | — | $ | 21,464,391 | ||||||||||
Net assets consist of: | ||||||||||||||||||||
Shares of beneficial interest | $ | 4,130,151 | $ | 3,874,160 | $ | 14,707,666 | $ | — | $ | 22,711,977 | ||||||||||
Undistributed net investment income | 13,598 | 10,517 | 200,453 | — | 224,568 | |||||||||||||||
Undistributed net realized gain (loss) | (11,308 | ) | (14,529 | ) | (1,162,085 | ) | — | (1,187,922 | ) | |||||||||||
Unrealized appreciation (depreciation) | 281,286 | 273,844 | (839,362 | ) | — | (284,232 | ) | |||||||||||||
$ | 4,413,727 | $ | 4,143,992 | $ | 12,906,672 | $ | — | $ | 21,464,391 | |||||||||||
Net assets: | ||||||||||||||||||||
Class A** | 3,702,370 | 3,215,011 | 7,941,088 | (6,917,381 | ) | 7,941,088 | ||||||||||||||
Class A5 | — | — | — | 6,917,381 | 6,917,381 | |||||||||||||||
Class B | — | — | 1,637,842 | — | 1,637,842 | |||||||||||||||
Class C** | 491,060 | 705,438 | 1,540,304 | (1,196,498 | ) | 1,540,304 | ||||||||||||||
Class C5 | — | — | — | 1,196,498 | 1,196,498 | |||||||||||||||
Class I ** | 108,262 | 106,523 | — | (214,785 | ) | — | ||||||||||||||
Class R** | 112,035 | 117,020 | 1,765,270 | (229,055 | ) | 1,765,270 | ||||||||||||||
Class R5 | — | — | — | 229,055 | 229,055 | |||||||||||||||
Class Y | — | — | 12,815 | 214,785 | 227,600 | |||||||||||||||
Institutional Class | — | — | 9,353 | — | 9,353 | |||||||||||||||
Shares Outstanding, $0.01 par value per share: | ||||||||||||||||||||
Class A** | 342,816 | 302,828 | 1,076,004 | (645,644 | ) | 1,076,004 | ||||||||||||||
Class A5 | — | — | — | 937,314 | 937,314 | |||||||||||||||
Class B | — | — | 223,935 | — | 223,935 | |||||||||||||||
Class C** | 45,657 | 66,688 | 210,936 | (112,345 | ) | 210,936 | ||||||||||||||
Class C5 | — | — | — | 163,904 | 163,904 | |||||||||||||||
Class I ** | 10,000 | 10,000 | — | (20,000 | ) | — | ||||||||||||||
Class R** | 10,384 | 11,023 | 239,873 | (21,407 | ) | 239,873 | ||||||||||||||
Class R5 | — | — | — | 31,122 | 31,122 | |||||||||||||||
Class Y | — | — | 1,735 | 29,064 | 30,799 | |||||||||||||||
Institutional Class | — | — | 1,262 | — | 1,262 | |||||||||||||||
Class A: | ||||||||||||||||||||
Net asset value per share | $ | 10.80 | $ | 10.62 | $ | 7.38 | $ | — | $ | 7.38 | ||||||||||
Offering price per share: | ||||||||||||||||||||
(Net asset value of ÷ 94.25% Van Kampen 2020 Retirement Strategy Fund) | ||||||||||||||||||||
(Net asset value of ÷ 94.25% Van Kampen 2025 Retirement Strategy Fund) | ||||||||||||||||||||
(Net asset value of ÷ 94.50% AIM Balanced-Risk Retirement 2020 Fund) | $ | 11.46 | $ | 11.27 | $ | 7.81 | $ | — | $ | 7.81 | ||||||||||
Class A5: | ||||||||||||||||||||
Net asset value per share | $ | — | $ | — | $ | — | $ | — | $ | 7.38 | ||||||||||
Offering price per share: | ||||||||||||||||||||
(Net asset value of ÷ 94.50% AIM Balanced-Risk Retirement 2020 Fund) | $ | — | $ | — | $ | — | $ | — | $ | 7.81 | ||||||||||
Class B: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | — | $ | 7.31 | $ | — | $ | 7.31 | ||||||||||
Class C: | ||||||||||||||||||||
Net asset value and offering price per share | $ | 10.76 | $ | 10.58 | $ | 7.30 | $ | — | $ | 7.30 | ||||||||||
Class C5: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | — | $ | — | $ | — | $ | 7.30 | ||||||||||
Class I: | ||||||||||||||||||||
Net asset value and offering price per share | $ | 10.83 | $ | 10.65 | $ | — | $ | — | $ | — | ||||||||||
Class R: | ||||||||||||||||||||
Net asset value and offering price per share | $ | 10.79 | $ | 10.62 | $ | 7.36 | $ | — | $ | 7.36 | ||||||||||
Class R5: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | — | $ | — | $ | — | $ | 7.36 | ||||||||||
Class Y: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | — | $ | 7.39 | $ | — | $ | 7.39 | ||||||||||
Institutional Class: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | — | $ | 7.41 | $ | — | $ | 7.41 |
* | Shares outstanding have been adjusted for the accumulated change in the number of shares of Van Kampen 2020 Retirement Strategy Fund’s and Van Kampen 2025 Retirement Strategy Fund’s shareholder accounts based on the relative value of Van Kampen 2020 Retirement Strategy Fund’s, Van Kampen 2025 Retirement Strategy Fund’s and AIM Balanced-Risk Retirement 2020 Fund’s Net asset value per share assuming the Reorganization would have taken place on June 30, 2009. | |
As of June 30, 2009, Class A5, Class C5 and Class R5 did not exist for AIM Balanced-Risk Retirement 2020 Fund and will be added in connection with the Reorganization. Class A5, Class C5 and Class R5 shares of AIM Balanced-Risk Retirement 2020 Fund will commence operations at the net asset value per share of AIM Balanced-Risk Retirement 2020 Fund’s Class A, Class C and Class R shares, respectively. | ||
** | Class A, Class C, Class R and Class I shares outstanding of Van Kampen 2020 and 2025 Retirement Strategy Funds will be converted into Class A5, Class C5, Class R5 and Class Y shares, respectively of AIM Balanced-Risk Retirement 2020 Fund. |
Table of Contents
of Van Kampen 2020 Retirement Strategy Fund and Van Kampen 2025 Retirement Strategy Fund into AIM Balanced-Risk Retirement 2020 Fund
(formerly known as AIM Independence 2020 Fund)
For the period ended June 30, 2009
(Unaudited)
AIM | ||||||||||||||||||||
Van Kampen | Van Kampen | AIM | Balanced-Risk | |||||||||||||||||
2020 Retirement | 2025 Retirement | Balanced-Risk | Retirement 2020 | |||||||||||||||||
Strategy | Strategy | Retirement 2020 | Pro Forma | |||||||||||||||||
Fund* | Fund* | Fund | Adjustments** | Combining | ||||||||||||||||
Investment income: | ||||||||||||||||||||
Dividends — unaffiliated underlying fund shares | $ | 18,177 | $ | 14,763 | $ | — | $ | — | $ | 32,940 | ||||||||||
Dividends — affiliated underlying fund shares | 1,093 | 1,196 | 432,740 | — | 435,029 | |||||||||||||||
Interest | 51 | 47 | — | — | 98 | |||||||||||||||
Other Income | — | — | 56 | — | 56 | |||||||||||||||
Total investment income | 19,321 | 16,006 | 432,796 | — | 468,123 | |||||||||||||||
Expenses: | ||||||||||||||||||||
Advisory fees | 954 | 916 | — | (1,870 | )(a) | — | ||||||||||||||
Administrative services fees | 19,562 | 17,240 | 50,000 | (36,802 | )(b) | 50,000 | ||||||||||||||
Custodian fees | 17,819 | 16,654 | 12,195 | 46,668 | ||||||||||||||||
Distribution fees: | — | |||||||||||||||||||
Class A | 1,662 | 1,526 | 14,169 | (3,188 | ) | 14,169 | ||||||||||||||
Class A5 | — | — | — | 3,188 | 3,188 | |||||||||||||||
Class B | — | — | 13,960 | 13,960 | ||||||||||||||||
Class C | 1,519 | 1,693 | 9,690 | (3,212 | ) | 9,690 | ||||||||||||||
Class C5 | — | — | — | 3,212 | 3,212 | |||||||||||||||
Class R | 339 | 338 | 6,097 | (677 | ) | 6,097 | ||||||||||||||
Class R5 | — | — | — | 677 | 677 | |||||||||||||||
Transfer agent fees—A, A5, B, C, C5, R, R5 and Y | 26,261 | 20,156 | 28,321 | 74,738 | ||||||||||||||||
Transfer agent fees—Institutional | — | — | 12 | 12 | ||||||||||||||||
Trustees’ and officer’s fees and benefits | 3,597 | 4,183 | 17,941 | (7,780 | )(c) | 17,941 | ||||||||||||||
Registration & filing fees | 6,548 | 10,150 | 61,198 | 77,896 | ||||||||||||||||
Reports to shareholders | 35,844 | 40,050 | 11,351 | (11,000 | )(d) | 76,245 | ||||||||||||||
Professional services fees | 86,590 | 91,075 | 41,067 | (142,330 | )(e) | 76,402 | ||||||||||||||
Other | 8,147 | 8,301 | 12,517 | 28,965 | ||||||||||||||||
Total expenses | 208,842 | 212,282 | 278,518 | (199,782 | ) | 499,860 | ||||||||||||||
Less: Fees waived and expenses reimbursed | (203,119 | ) | (206,714 | ) | (227,822 | ) | 262,737 | (a) | (374,918 | ) | ||||||||||
Net expenses | 5,723 | 5,568 | 50,696 | 62,955 | 124,942 | |||||||||||||||
Net investment income | 13,598 | 10,438 | 382,100 | (62,955 | ) | 343,181 | ||||||||||||||
Realized and unrealized gain (loss) from: | ||||||||||||||||||||
Net realized gain (loss) from: | ||||||||||||||||||||
Investment securities — unaffiliated underlying fund shares | (10,666 | ) | (13,440 | ) | — | — | (24,106 | ) | ||||||||||||
Investment securities — affiliated underlying fund shares *** | (642 | ) | (1,089 | ) | (999,432 | ) | — | (1,001,163 | ) | |||||||||||
(11,308 | ) | (14,529 | ) | (999,432 | ) | — | (1,025,269 | ) | ||||||||||||
Net unrealized appreciation (depreciation) of: | ||||||||||||||||||||
Investment securities — unaffiliated underlying fund shares | 265,324 | 253,325 | — | — | 518,649 | |||||||||||||||
Investment securities — affiliated underying fund shares | 15,962 | 20,519 | (253,825 | ) | — | (217,344 | ) | |||||||||||||
281,286 | 273,844 | (253,825 | ) | — | 301,305 | |||||||||||||||
Net realized and unrealized gain (loss) | 269,978 | 259,315 | (1,253,257 | ) | — | (723,964 | ) | |||||||||||||
Net increase (decrease) in net assets resulting from operations | 283,576 | 269,753 | (871,157 | ) | (62,955 | ) | (380,783 | ) | ||||||||||||
* | For the period October 23, 2008 (commencement date) to June 30, 2009 | |
** | See NOTE 2 Pro Forma Adjustments. Also, as of June 30, 2009, Class A5, Class C5 and Class R5 did not exist for AIM Balanced-Risk Retirement 2020 Fund and will be added in connection with the Reorganization. Also, Class A, Class C, Class R and Class I shares outstanding of Van Kampen 2020 & 2025 Retirement Strategy Funds will be converted into Class A5, Class C5, Class R5 and Class Y shares, respectively of AIM Balanced-Risk Retirement 2020 Fund. | |
*** | Includes gains (losses) from securities sold to affilates of $(13,730) for AIM Balanced Risk Retirement 2020 Fund. |
Table of Contents
of Van Kampen 2020 Retirement Strategy Fund and Van Kampen 2025 Retirement Strategy Fund into AIM Balanced-Risk Retirement 2020 Fund
(formerly known as AIM Independence 2020 Fund)
June 30, 2009
(Unaudited)
Shares | Value | |||||||||||||||||||||||||||||||||
AIM | AIM | |||||||||||||||||||||||||||||||||
Balanced-Risk | Balanced-Risk | |||||||||||||||||||||||||||||||||
Van Kampen | Van Kampen | AIM | Retirement 2020 | Van Kampen | Van Kampen | AIM | Retirement 2020 | |||||||||||||||||||||||||||
2020 Retirement | 2025 Retirement | Balanced-Risk | Fund | 2020 Retirement | 2025 Retirement | Balanced-Risk | Fund | |||||||||||||||||||||||||||
Strategy | Strategy | Retirement 2020 | Pro Forma | Strategy | Strategy | Retirement 2020 | Pro Forma | |||||||||||||||||||||||||||
Fund | Fund | Fund | Combining | Fund | Fund | Fund | Combining | |||||||||||||||||||||||||||
Domestic Equity Funds—38.47% | ||||||||||||||||||||||||||||||||||
— | — | 77,875 | 77,875 | AIM Diversified Dividend Fund | (b) | $ | — | $ | — | $ | 696,204 | $ | 696,204 | |||||||||||||||||||||
— | — | 59,631 | 59,631 | AIM Structured Growth Fund | (b) | — | — | 429,939 | 429,939 | |||||||||||||||||||||||||
— | — | 60,921 | 60,921 | AIM Structured Value Fund | (b) | — | — | 421,569 | 421,569 | |||||||||||||||||||||||||
— | — | 32,861 | 32,861 | AIM Trimark Small Companies Fund | (b) | — | — | 316,449 | 316,449 | |||||||||||||||||||||||||
— | — | 34,064 | 34,064 | PowerShares Dynamic Large Cap Growth Portfolio-ETF | (b) | — | — | 393,439 | 393,439 | |||||||||||||||||||||||||
— | — | 29,195 | 29,195 | PowerShares Dynamic Large Cap Value Portfolio-ETF | (b) | — | — | 416,321 | 416,321 | |||||||||||||||||||||||||
— | — | 34,965 | 34,965 | PowerShares Dynamic Small Cap Growth Portfolio-ETF | (b)(c) | — | — | 387,762 | 387,762 | |||||||||||||||||||||||||
— | — | 35,426 | 35,426 | PowerShares Dynamic Small Cap Value Portfolio-ETF | (b) | — | — | 370,556 | 370,556 | |||||||||||||||||||||||||
— | — | 26,697 | 26,697 | PowerShares FTSE RAFI US 1000 Portfolio-ETF | (b) | — | — | 994,196 | 994,196 | |||||||||||||||||||||||||
— | — | 13,840 | 13,840 | PowerShares FTSE RAFI US 1500 Small Mid Portfolio-ETF | (b) | — | — | 517,616 | 517,616 | |||||||||||||||||||||||||
29,722 | 30,808 | — | 60,530 | Russell U.S. Core Equity Fund — Class Y | (d) | 596,527 | 618,325 | — | 1,214,852 | |||||||||||||||||||||||||
28,120 | 29,145 | — | 57,265 | Russell U.S. Small & Mid Cap Fund- Class Y | (d) | 409,434 | 424,347 | — | 833,781 | |||||||||||||||||||||||||
10,986 | 11,292 | — | 22,278 | Van Kampen American Value Fund | (e) | 192,257 | 197,607 | — | 389,864 | |||||||||||||||||||||||||
15,131 | 15,531 | — | 30,662 | Van Kampen Capital Growth Fund | (e) | 130,280 | 133,722 | — | 264,002 | |||||||||||||||||||||||||
15,532 | 15,945 | — | 31,477 | Van Kampen Core Equity Fund | (e) | 91,483 | 93,917 | — | 185,400 | |||||||||||||||||||||||||
11,469 | 11,757 | — | 23,226 | Van Kampen Growth and Income Fund | (e) | 158,845 | 162,837 | — | 321,682 | |||||||||||||||||||||||||
2,734 | 2,913 | — | 5,647 | Van Kampen Mid Cap Growth Fund | (e) | 50,384 | 53,685 | — | 104,069 | |||||||||||||||||||||||||
Total Domestic Equity Funds | 1,629,210 | 1,684,440 | 4,944,051 | 8,257,701 | ||||||||||||||||||||||||||||||
Fixed-Income Funds—39.46% | ||||||||||||||||||||||||||||||||||
— | — | 351,991 | 351,991 | AIM Core Bond Fund | (b) | — | — | 2,956,721 | 2,956,721 | |||||||||||||||||||||||||
— | — | 69,066 | 69,066 | AIM Floating Rate Fund | (b) | — | — | 467,577 | 467,577 | |||||||||||||||||||||||||
— | — | 317,425 | 317,425 | AIM High Yield Fund | (b) | — | — | 1,095,117 | 1,095,117 | |||||||||||||||||||||||||
— | — | 33,265 | 33,265 | AIM International Total Return Fund | (b) | — | — | 356,271 | 356,271 | |||||||||||||||||||||||||
— | — | 66,683 | 66,683 | AIM Short Term Bond Fund | (b) | — | — | 564,141 | 564,141 | |||||||||||||||||||||||||
— | — | 37,152 | 37,152 | AIM U.S. Government Fund | (b) | — | — | 327,308 | 327,308 | |||||||||||||||||||||||||
7,681 | 5,666 | — | 13,347 | iShares Barclays U.S. Treasury Inflation Protected Securities Fund | (d) | 780,620 | 575,835 | — | 1,356,455 | |||||||||||||||||||||||||
81,542 | 60,156 | — | 141,698 | Russell Strategic Bond Fund — Class Y | (d) | 774,652 | 571,478 | — | 1,346,130 | |||||||||||||||||||||||||
Total Fixed- Income Funds | 1,555,272 | 1,147,313 | 5,767,135 | 8,469,720 | ||||||||||||||||||||||||||||||
Foreign Equity Funds—17.01% | ||||||||||||||||||||||||||||||||||
— | — | 22,468 | 22,468 | AIM International Core Equity Fund | (b) | — | — | 201,083 | 201,083 | |||||||||||||||||||||||||
— | — | 21,307 | 21,307 | AIM International Growth Fund | (b) | — | — | 445,324 | 445,324 | |||||||||||||||||||||||||
— | — | 16,119 | 16,119 | PowerShares FTSE RAFI Developed Markets ex-US Portfolio-ETF | (b) | — | — | 497,916 | 497,916 | |||||||||||||||||||||||||
— | — | 20,870 | 20,870 | PowerShares FTSE RAFI Developed Markets ex-US Small- Mid Portfolio-ETF | (b) | — | — | 364,807 | 364,807 | |||||||||||||||||||||||||
— | — | 30,129 | 30,129 | PowerShares International Dividend Achievers Portfolio-ETF | (b) | — | — | 344,676 | 344,676 | |||||||||||||||||||||||||
15,104 | 15,600 | — | 30,704 | Russell Emerging Markets Fund — Class Y | (d) | 205,867 | 212,632 | — | 418,499 | |||||||||||||||||||||||||
19,634 | 20,350 | — | 39,984 | Russell International Developed Markets Fund -Class Y | (d) | 496,548 | 514,651 | — | 1,011,199 | |||||||||||||||||||||||||
3,431 | 3,636 | — | 7,067 | Van Kampen Emerging Markets Fund | (e) | 37,705 | 39,957 | — | 77,662 | |||||||||||||||||||||||||
10,871 | 11,153 | — | 22,024 | Van Kampen International Growth Fund | (e) | 143,601 | 147,333 | — | 290,934 | |||||||||||||||||||||||||
Total Foreign Equity Funds | 883,721 | 914,573 | 1,853,806 | 3,652,100 | ||||||||||||||||||||||||||||||
Real Estate Funds—4.57% | ||||||||||||||||||||||||||||||||||
— | — | 23,988 | 23,988 | AIM Real Estate Fund | (b) | — | — | 300,331 | 300,331 | |||||||||||||||||||||||||
— | — | 13,958 | 13,958 | AIM Select Real Estate Income Fund | (b) | — | — | 77,050 | 77,050 | |||||||||||||||||||||||||
12,363 | 15,418 | — | 27,781 | Russell Real Estate Securities Fund — Class Y | (d) | 268,156 | 334,406 | — | 602,562 | |||||||||||||||||||||||||
Total Real Estate Funds | 268,156 | 334,406 | 377,381 | 979,943 | ||||||||||||||||||||||||||||||
Money Market Funds—0.03% | ||||||||||||||||||||||||||||||||||
— | — | 2,714 | 2,714 | Liquid Assets Portfolio | (b) | — | — | 2,714 | 2,714 | |||||||||||||||||||||||||
— | — | 2,714 | 2,714 | STIC Prime Portfolio | (b) | — | — | 2,714 | 2,714 | |||||||||||||||||||||||||
Total Money Market Funds | — | — | 5,428 | 5,428 | ||||||||||||||||||||||||||||||
TOTAL INVESTMENTS (Excluding Repurchase Agreements)—99.54% (Cost $21,649,124) | 4,336,359 | 4,080,732 | 12,947,801 | 21,364,892 | ||||||||||||||||||||||||||||||
Table of Contents
of Van Kampen 2030 Retirement Strategy Fund and Van Kampen 2025 Retirement Strategy Fund into AIM Balanced-Risk Retirement 2020 Fund
(formerly known as AIM Independence 2020 Fund)
June 30, 2009
(Unaudited)
Repurchase Amount | Value | |||||||||||||||||||||||||||||||||
AIM | AIM | |||||||||||||||||||||||||||||||||
Balanced-Risk | Balanced-Risk | |||||||||||||||||||||||||||||||||
Van Kampen | Van Kampen | AIM | Retirement 2020 | Van Kampen | Van Kampen | AIM | Retirement 2020 | |||||||||||||||||||||||||||
2020 Retirement | 2025 Retirement | Balanced-Risk | Fund | 2020 Retirement | 2025 Retirement | Balanced-Risk | Fund | |||||||||||||||||||||||||||
Strategy | Strategy | Retirement 2020 | Pro Forma | Strategy | Strategy | Retirement 2020 | Pro Forma | |||||||||||||||||||||||||||
Fund | Fund | Fund | Combining | Fund | Fund | Fund | Combining | |||||||||||||||||||||||||||
Repurchase Agreements—1.07% | (f) | |||||||||||||||||||||||||||||||||
$ | 10,007 | $ | — | $ | — | $ | 10,007 | Banc of America Securities-LLC ($10,007 par collateralized by U.S. Government obligations in a pooled cash account, interest rate of 0.06%, dated 06/30/09, to be sold on 07/01/09 at $10,007) | 10,007 | — | — | 10,007 | ||||||||||||||||||||||
— | 2,851 | — | 2,851 | Banc of America Securities-LLC ($2,851 par collateralized by U.S. Government obligations in a pooled cash account, interest rate of 0.06%, dated 06/30/09, to be sold on 07/01/09 at $2,851) | — | 2,851 | — | 2,851 | ||||||||||||||||||||||||||
168,993 | — | — | 168,993 | JPMorgan Securities Inc ($168,993 par collateralized by U.S. Government obligations in a pooled cash account, interest rate of 0.05%, dated 06/30/09, to be sold on 07/01/09 at $168,993) | 168,993 | — | — | 168,993 | ||||||||||||||||||||||||||
— | 48,149 | — | 48,149 | JPMorgan Securities Inc ($48,149 par collateralized by U.S. Government obligations in a pooled cash account, interest rate of 0.05%, dated 06/30/09, to be sold on 07/01/09 at $48,149) | — | 48,149 | — | 48,149 | ||||||||||||||||||||||||||
Total Repurchase Agreements—1.07% (Cost $230,000) | 179,000 | 51,000 | — | 230,000 | ||||||||||||||||||||||||||||||
TOTAL INVESTMENTS—100.61% (Cost $21,879,124) | 4,515,359 | 4,131,732 | 12,947,801 | 21,594,892 | ||||||||||||||||||||||||||||||
OTHER ASSETS LESS LIABILITIES—(0.61%) | (101,632 | ) | 12,260 | (41,129 | ) | (130,501 | ) | |||||||||||||||||||||||||||
NET ASSETS—100.00% | $ | 4,413,727 | $ | 4,143,992 | $ | 12,906,672 | $ | 21,464,391 | ||||||||||||||||||||||||||
(a) | At June 30, 2009 all securities held by Van Kampen 2020 Retirement Strategy Fund and Van Kampen 2025 Retirement Strategy Fund do not comply with the investment objectives, strategies and restrictions of AIM Balanced-Risk Retirement 2020 Fund and as such, will be liquidated prior to the reorganization. Effective November 4, 2009, AIM Independence 2020 Fund changed its investment objective, strategy and underlying investments from AIM Funds and PowerShares Funds to a combination of AIM Balanced-Risk Allocation Fund (“ABRA”) and affiliated money market funds [or 100% ABRA]. In addition, the Fund changed its name to AIM Balanced-Risk Retirement 2020 Fund. | |
(b) | The underlying fund and the Fund are affiliated by either having the same investment advisor or an investment advisor under common control with the Fund’s investment advisor. The Fund invests in Institutional Class shares of the mutual funds listed. | |
(c) | Non-income producing security. A security is determined to be non-income producing if the security has not declared a distribution in more than one year from the report date. | |
(d) | Non affiliate of the Fund, its investment advisor, or Van Kampen Asset Management (“Van Kampen”). | |
(e) | The underlying fund is an affiliate of Van Kampen. The underlying fund invest in Class I shares of the Van Kampen mutual funds listed. | |
(f) | Principal amount equals value at period end. |
Table of Contents
of Van Kampen 2020 Retirement Strategy Fund and Van Kampen 2025 Retirement Strategy Fund
into AIM Balanced-Risk Retirement 2020 Fund
June 30, 2009
(Unaudited)
Table of Contents
Table of Contents
Table of Contents
Level 1 — | Prices are determined using quoted prices in an active market for identical assets. | ||
Level 2 — | Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others. | ||
Level 3 — | Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Fund’s own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information. |
Equity Securities | Repurchase Agreements | |||||||||||||||||||||||||||||||
Fund Name | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||
Van Kampen 2020 Retirement Strategy Fund | $ | 4,336,359 | $ | — | $ | — | $ | 4,336,359 | $ | — | $ | 179,000 | $ | — | $ | 179,000 | ||||||||||||||||
Van Kampen 2025 Retirement Strategy Fund | 4,080,732 | — | — | 4,080,732 | — | 51,000 | — | 51,000 | ||||||||||||||||||||||||
AIM Balanced-Risk Retirement 2020 Fund | 12,947,801 | — | — | 12,947,801 | — | — | — | — | ||||||||||||||||||||||||
AIM Balanced-Risk Retirement 2020 Fund Pro Forma Combining | $ | 21,364,892 | $ | — | $ | — | $ | 21,364,892 | $ | — | $ | 230,000 | $ | — | $ | 230,000 |
Table of Contents
of Van Kampen 2030 Retirement Strategy Fund and Van Kampen 2035 Retirement Strategy Fund into AIM Balanced-Risk Retirement 2030 Fund
(formerly known as AIM Independence 2030 Fund)
June 30, 2009
(Unaudited)
AIM | ||||||||||||||||||||
Van Kampen | Van Kampen | AIM | Balanced-Risk | |||||||||||||||||
2030 Retirement | 2035 Retirement | Balanced-Risk | Retirement 2030 | |||||||||||||||||
Strategy | Strategy | Retirement 2030 | Pro Forma | |||||||||||||||||
Fund | Fund | Fund | Adjustments * | Combining | ||||||||||||||||
Assets: | ||||||||||||||||||||
Investments in unaffiliated underlying funds, at value | $ | 2,515,007 | $ | 1,282,726 | $ | — | $ | — | $ | 3,797,733 | ||||||||||
(Cost $2,323,212 — Van Kampen 2030 Retirement Strategy Fund) | ||||||||||||||||||||
(Cost $1,179,552 — Van Kampen 2035 Retirement Strategy Fund) | ||||||||||||||||||||
(Cost $3,579,764 — Pro Forma Combining) | ||||||||||||||||||||
Investments in affiliated underlying funds, at value | 727,317 | 435,483 | 11,299,909 | — | 12,462,709 | |||||||||||||||
(Cost $661,400 — Van Kampen 2030 Retirement Strategy Fund) | ||||||||||||||||||||
(Cost $399,786 — Van Kampen 2035 Retirement Strategy Fund) | ||||||||||||||||||||
(Cost $12,574,912 — AIM Balanced-Risk Retirement 2030 Fund) | ||||||||||||||||||||
(Cost $13,636,098 — Pro Forma Combining) | ||||||||||||||||||||
Repurchase Agreements, at value and cost | 69,000 | 8,000 | — | — | 77,000 | |||||||||||||||
Total Investments | 3,311,324 | 1,726,209 | 11,299,909 | — | 16,337,442 | |||||||||||||||
(Cost $3,053,612 — Van Kampen 2030 Retirement Strategy Fund) | ||||||||||||||||||||
(Cost $1,587,338 — Van Kampen 2035 Retirement Strategy Fund) | ||||||||||||||||||||
(cost $12,574,912 — AIM Balanced-Risk Retirement 2030 Fund) | ||||||||||||||||||||
(Cost $17,215,862 — Pro Forma Combining) | ||||||||||||||||||||
Receivables for: | ||||||||||||||||||||
Investments sold | — | — | 20,533 | — | 20,533 | |||||||||||||||
Fund shares sold | 45,604 | 78,405 | 25,624 | — | 149,633 | |||||||||||||||
Dividends from affiliated underlying funds | — | — | 33 | — | 33 | |||||||||||||||
Fund expenses absorbed | — | — | 12,993 | — | 12,993 | |||||||||||||||
Investment for trustee deferred compensation and retirement plans | — | — | 3,007 | — | 3,007 | |||||||||||||||
Other assets | 25,168 | 25,706 | 25,904 | — | 76,778 | |||||||||||||||
Total assets | 3,382,096 | 1,830,320 | 11,388,003 | — | 16,600,419 | |||||||||||||||
Liabilities: | ||||||||||||||||||||
Payables for: | ||||||||||||||||||||
Investments purchased | 58,000 | 6,532 | — | — | 64,532 | |||||||||||||||
Investments purchased from affiliates | 69,181 | 69,181 | ||||||||||||||||||
Fund shares reacquired | 2,140 | — | 62,844 | — | 64,984 | |||||||||||||||
Amount due custodian | — | — | 24,515 | — | 24,515 | |||||||||||||||
Accrued fees to affiliates | — | — | 20,075 | — | 20,075 | |||||||||||||||
Accrued operating expenses | 84,109 | 76,376 | 34,317 | — | 194,802 | |||||||||||||||
Trustee deferred compensation and retirement plans | — | — | 3,007 | — | 3,007 | |||||||||||||||
Total liabilities | 144,249 | 82,908 | 213,939 | — | 441,096 | |||||||||||||||
Net assets applicable to shares outstanding | $ | 3,237,847 | $ | 1,747,412 | $ | 11,174,064 | $ | — | $ | 16,159,323 | ||||||||||
Net assets consist of: | ||||||||||||||||||||
Shares of beneficial interest | $ | 2,989,228 | $ | 1,610,308 | $ | 13,031,373 | $ | — | $ | 17,630,909 | ||||||||||
Undistributed net investment income | 8,226 | 4,584 | 132,242 | — | 145,052 | |||||||||||||||
Undistributed net realized gain (loss) | (17,319 | ) | (6,351 | ) | (714,548 | ) | — | (738,218 | ) | |||||||||||
Unrealized appreciation (depreciation) | 257,712 | 138,871 | (1,275,003 | ) | — | (878,420 | ) | |||||||||||||
$ | 3,237,847 | $ | 1,747,412 | $ | 11,174,064 | $ | — | $ | 16,159,323 | |||||||||||
Net assets: | ||||||||||||||||||||
Class A** | 2,397,266 | 1,176,920 | 4,941,167 | (3,574,186 | ) | 4,941,167 | ||||||||||||||
Class A5 | — | — | — | 3,574,186 | 3,574,186 | |||||||||||||||
Class B | — | — | 1,902,484 | — | 1,902,484 | |||||||||||||||
Class C** | 613,058 | 349,540 | 1,474,577 | (962,598 | ) | 1,474,577 | ||||||||||||||
Class C5 | — | — | 962,598 | 962,598 | ||||||||||||||||
Class I ** | 108,118 | 110,610 | — | (218,728 | ) | — | ||||||||||||||
Class R** | 119,405 | 110,342 | 2,788,344 | (229,747 | ) | 2,788,344 | ||||||||||||||
Class R5 | — | — | — | 229,747 | 229,747 | |||||||||||||||
Class Y | — | — | 58,579 | 218,728 | 277,307 | |||||||||||||||
Institutional Class | — | — | 8,913 | — | 8,913 | |||||||||||||||
Shares Outstanding, $0.01 par value per share: | ||||||||||||||||||||
Class A** | 222,602 | 106,621 | 720,790 | (329,223 | ) | 720,790 | ||||||||||||||
Class A5 | — | — | — | 521,018 | 521,018 | |||||||||||||||
Class B | — | — | 279,477 | — | 279,477 | |||||||||||||||
Class C** | 57,076 | 31,720 | 216,661 | (88,796 | ) | 216,661 | ||||||||||||||
Class C5 | — | — | — | 141,351 | 141,351 | |||||||||||||||
Class I ** | 10,000 | 10,000 | — | (20,000 | ) | — | ||||||||||||||
Class R** | 11,082 | 10,010 | 408,212 | (21,092 | ) | 408,212 | ||||||||||||||
Class R5 | — | — | — | 33,638 | 33,638 | |||||||||||||||
Class Y | — | — | 8,531 | 31,834 | 40,365 | |||||||||||||||
Institutional Class | — | — | 1,296 | — | 1,296 | |||||||||||||||
Class A: | ||||||||||||||||||||
Net asset value per share | $ | 10.77 | $ | 11.04 | $ | 6.86 | $ | — | $ | 6.86 | ||||||||||
Offering price per share: | ||||||||||||||||||||
(Net asset value of $10.77 ÷ 94.25% — Van Kampen 2030 Retirement Strategy Fund) | ||||||||||||||||||||
(Net asset value of $11.04 ÷ 94.25% — Van Kampen 2035 Retirement Strategy Fund) | ||||||||||||||||||||
(Net asset value of $6.86 ÷ 94.50% — AIM Balanced-Risk Retirement 2030 Fund) | $ | 11.43 | $ | 11.71 | $ | 7.26 | $ | — | $ | 7.26 | ||||||||||
Class A5: | ||||||||||||||||||||
Net asset value per share | $ | — | $ | — | $ | — | $ | — | $ | 6.86 | ||||||||||
Offering price per share: | ||||||||||||||||||||
(Net asset value of ÷ 94.50% AIM Balanced-Risk Retirement 2030 Fund) | $ | — | $ | — | $ | — | $ | — | $ | 7.26 | ||||||||||
Class B: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | — | $ | 6.81 | $ | — | $ | 6.81 | ||||||||||
Class C: | ||||||||||||||||||||
Net asset value and offering price per share | $ | 10.74 | $ | 11.02 | $ | 6.81 | $ | — | $ | 6.81 | ||||||||||
Class C5: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | — | $ | — | $ | — | $ | 6.81 | ||||||||||
Class I: | ||||||||||||||||||||
Net asset value and offering price per share | $ | 10.81 | $ | 11.06 | $ | — | $ | — | $ | — | ||||||||||
Class R: | ||||||||||||||||||||
Net asset value and offering price per share | $ | 10.77 | $ | 11.02 | $ | 6.83 | $ | — | $ | 6.83 | ||||||||||
Class R5: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | — | $ | — | $ | — | $ | 6.83 | ||||||||||
Class Y: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | — | $ | 6.87 | $ | — | $ | 6.87 | ||||||||||
Institutional Class: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | — | $ | 6.87 | $ | — | $ | 6.87 |
* | Shares outstanding have been adjusted for the accumulated change in the number of shares of Van Kampen 2030 Retirement Strategy Fund’s and Van Kampen 2035 Retirement Strategy Fund’s shareholder accounts based on the relative value of Van Kampen 2030 Retirement Strategy Fund’s, Van Kampen 2035 Retirement Strategy Fund’s and AIM Balanced-Risk Retirement 2030 Fund’s Net asset value per share assuming the Reorganization would have taken place on June 30, 2009. As of June 30, 2009, Class A5, Class C5 and Class R5 did not exist for AIM Balanced-Risk Retirement 2030 Fund and will be added in connection with the Reorganization. Class A5, Class C5 and Class R5 shares of AIM Balanced-Risk Retirement 2030 Fund will commence operations at the net asset value per share of AIM Balanced-Risk Retirement 2030 Fund’s Class A, Class C and Class R shares, respectively. | |
** | Class A, Class C, Class R and Class I shares outstanding of Van Kampen 2030 & 2035 Retirement Strategy Funds will be converted into Class A5, Class C5, Class R5 and Class Y shares, respectively of AIM Balanced-Risk Retirement 2030 Fund. |
Table of Contents
of Van Kampen 2030 Retirement Strategy Fund and Van Kampen 2035 Retirement Strategy Fund into AIM Balanced-Risk Retirement 2030 Fund
(formerly known as AIM Independence 2030 Fund)
For the year ended June 30, 2009
(Unaudited)
AIM | ||||||||||||||||||||
Van Kampen | Van Kampen | AIM | Balanced-Risk | |||||||||||||||||
2030 Retirement | 2035 Retirement | Balanced-Risk | Retirement 2030 | |||||||||||||||||
Strategy | Strategy | Retirement 2030 | Pro Forma | |||||||||||||||||
Fund* | Fund* | Fund* | Adjustments** | Combining | ||||||||||||||||
Investment income: | ||||||||||||||||||||
Dividends from unaffiliated underlying funds | $ | 11,680 | $ | 5,607 | $ | — | $ | — | $ | 17,287 | ||||||||||
Dividends from affiliated underlying funds | 1,342 | 1,118 | 285,541 | — | 288,001 | |||||||||||||||
Interest | 31 | 18 | — | — | 49 | |||||||||||||||
Other Income | — | — | 55 | — | 55 | |||||||||||||||
Total investment income | 13,053 | 6,743 | 285,596 | — | 305,392 | |||||||||||||||
Expenses: | ||||||||||||||||||||
Advisory fees | 825 | 465 | — | (1,290 | )(a) | — | ||||||||||||||
Administrative services fees | 18,588 | 20,899 | 50,000 | (39,487 | )(b) | 50,000 | ||||||||||||||
Custodian fees | 11,125 | 11,924 | 12,160 | 35,209 | ||||||||||||||||
Distribution fees: | ||||||||||||||||||||
Class A | 1,310 | 536 | 8,187 | (1,846 | ) | 8,187 | ||||||||||||||
Class A5 | — | — | — | 1,846 | 1,846 | |||||||||||||||
Class B | — | — | 14,456 | 14,456 | ||||||||||||||||
Class C | 1,638 | 685 | 10,778 | (2,323 | ) | 10,778 | ||||||||||||||
Class C5 | — | — | — | 2,323 | 2,323 | |||||||||||||||
Class R | 342 | 335 | 8,536 | (677 | ) | 8,536 | ||||||||||||||
Class R5 | — | — | — | 677 | 677 | |||||||||||||||
Transfer agent fees—A, A5, B, C, C5, I, R, R5 and Y | 32,486 | 22,367 | 30,566 | 85,419 | ||||||||||||||||
Transfer agent fees—Institutional | — | — | 9 | 9 | ||||||||||||||||
Trustees’ and officer’s fees and benefits | 6,169 | 3,577 | 17,913 | (9,746 | )(c) | 17,913 | ||||||||||||||
Registration & filing fees | 7,405 | 6,463 | 64,523 | 78,391 | ||||||||||||||||
Reports to shareholders | 40,153 | 35,852 | 7,546 | (72,551 | )(d) | 11,000 | ||||||||||||||
Professional services fees | 86,806 | 88,972 | 40,957 | (142,290 | )(e) | 74,445 | ||||||||||||||
Other | 7,767 | 8,177 | 12,322 | 28,266 | ||||||||||||||||
Total expenses | 214,614 | 200,252 | 277,953 | (265,364 | ) | 427,455 | ||||||||||||||
Less: Fees waived, expenses reimbursed and expense offset arrangement(s) | (209,788 | ) | (198,093 | ) | (228,129 | ) | 265,157 | (a) | (370,853 | ) | ||||||||||
Net expenses | 4,826 | 2,159 | 49,824 | (207 | ) | 56,602 | ||||||||||||||
Net investment income | 8,227 | 4,584 | 235,772 | 207 | 248,790 | |||||||||||||||
Realized and unrealized gain (loss): | ||||||||||||||||||||
Net realized gain (loss) from: | ||||||||||||||||||||
Investment securities — unaffiliated underlying fund shares | (15,534 | ) | (5,295 | ) | — | — | (20,829 | ) | ||||||||||||
Investment securities — affiliated underlying fund shares *** | (1,785 | ) | (1,056 | ) | (642,981 | ) | — | (645,822 | ) | |||||||||||
(17,319 | ) | (6,351 | ) | (642,981 | ) | — | (666,651 | ) | ||||||||||||
Net unrealized appreciation (depreciation) of: | ||||||||||||||||||||
Investment securities — unaffiliated underlying fund shares | 231,148 | 115,787 | — | — | 346,935 | |||||||||||||||
Investment securities — affiliated underlying fund shares *** | 26,564 | 23,084 | (624,748 | ) | — | (575,100 | ) | |||||||||||||
257,712 | 138,871 | (624,748 | ) | — | (228,165 | ) | ||||||||||||||
Net realized and unrealized gain (loss) | 240,393 | 132,520 | (1,267,729 | ) | — | (894,816 | ) | |||||||||||||
Net increase (decrease) in net assets resulting from operations | $ | 248,620 | $ | 137,104 | $ | (1,031,957 | ) | $ | 207 | $ | (646,026 | ) | ||||||||
* | For the period October 23, 2008 (commencement date) to June 30, 2009. | |
** | See Note 2 Pro Forma Adjustments. Also, as of June 30, 2009, Class A5, Class C5 and Class R5 did not exist for AIM Balanced-Risk Retirement 2030 Fund and will be added in connection with the Reorganization. Also, Class A, Class C, Class R and Class I shares outstanding of Van Kampen 2030 & 2035 Retirement Strategy Funds will be converted into Class A5, Class C5, Class R5 and Class Y shares, respectively of AIM Balanced-Risk Retirement 2030 Fund. | |
*** | Includes gain (loss) from securities sold to affiliates of $(90,221). |
Table of Contents
of Van Kampen 2030 Retirement Strategy Fund and Van Kampen 2035 Retirement Strategy Fund into AIM Balanced-Risk Retirement 2030 Fund
(formerly known as AIM Independence 2030 Fund)
June 30, 2009
(Unaudited)
Shares | Value | |||||||||||||||||||||||||||||||||
AIM | AIM | |||||||||||||||||||||||||||||||||
Balanced-Risk | Balanced-Risk | |||||||||||||||||||||||||||||||||
Van Kampen | Van Kampen | AIM | Retirement 2030 | Van Kampen | Van Kampen | AIM | Retirement 2030 | |||||||||||||||||||||||||||
2030 Retirement | 2035 Retirement | Balanced-Risk | Fund | 2030 Retirement | 2035 Retirement | Balanced-Risk | Fund | |||||||||||||||||||||||||||
Strategy | Strategy | Retirement 2030 | Pro Forma | Strategy | Strategy | Retirement 2030 | Pro Forma | |||||||||||||||||||||||||||
Fund | Fund | Fund | Combining | Fund | Fund | Fund | Combining | |||||||||||||||||||||||||||
Domestic Equity Funds—50.15% | ||||||||||||||||||||||||||||||||||
— | — | 81,694 | 81,694 | AIM Diversified Dividend Fund | (b) | $ | — | $ | — | $ | 730,345 | $ | 730,345 | |||||||||||||||||||||
— | — | 62,873 | 62,873 | AIM Structured Growth Fund | (b) | — | — | 453,318 | 453,318 | |||||||||||||||||||||||||
— | — | 64,236 | 64,236 | AIM Structured Value Fund | (b) | — | — | 444,513 | 444,513 | |||||||||||||||||||||||||
— | — | 46,711 | 46,711 | AIM Trimark Small Companies Fund | (b) | — | — | 449,828 | 449,828 | |||||||||||||||||||||||||
— | — | 36,651 | 36,651 | PowerShares Dynamic Large Cap Growth Portfolio-ETF | (b) | — | — | 423,319 | 423,319 | |||||||||||||||||||||||||
— | — | 31,631 | 31,631 | PowerShares Dynamic Large Cap Value Portfolio-ETF | (b) | — | — | 451,058 | 451,058 | |||||||||||||||||||||||||
— | — | 47,893 | 47,893 | PowerShares Dynamic Small Cap Growth Portfolio-ETF | (b)(c) | — | — | 531,133 | 531,133 | |||||||||||||||||||||||||
— | — | 48,812 | 48,812 | PowerShares Dynamic Small Cap Value Portfolio-ETF | (b) | — | — | 510,573 | 510,573 | |||||||||||||||||||||||||
— | — | 28,794 | 28,794 | PowerShares FTSE RAFI US 1000 Portfolio-ETF | (b) | — | — | 1,072,288 | 1,072,288 | |||||||||||||||||||||||||
— | — | 18,392 | 18,392 | PowerShares FTSE RAFI US 1500 Small-Mid Portfolio-ETF | (b) | — | — | 687,861 | 687,861 | |||||||||||||||||||||||||
27,058 | 15,909 | — | 42,967 | Russell U.S. Core Equity Fund-Class Y | (d) | 543,054 | 319,288 | — | 862,342 | |||||||||||||||||||||||||
25,599 | 14,983 | — | 40,582 | Russell U.S. Small & Mid Cap Fund-Class Y | (d) | 372,726 | 218,156 | — | 590,882 | |||||||||||||||||||||||||
9,882 | 5,884 | — | 15,766 | Van Kampen American Value Fund | (e) | 172,938 | 102,976 | — | 275,914 | |||||||||||||||||||||||||
13,776 | 8,087 | — | 21,863 | Van Kampen Capital Growth Fund | (e) | 118,612 | 69,632 | — | 188,244 | |||||||||||||||||||||||||
14,012 | 8,343 | — | 22,355 | Van Kampen Core Equity Fund | (e) | 82,530 | 49,139 | — | 131,669 | |||||||||||||||||||||||||
10,330 | 6,151 | — | 16,481 | Van Kampen Growth and Income Fund | (e) | 143,062 | 85,188 | — | 228,250 | |||||||||||||||||||||||||
2,465 | 1,477 | — | 3,942 | Van Kampen Mid Cap Growth Fund | (e) | 45,429 | 27,210 | — | 72,639 | |||||||||||||||||||||||||
1,478,351 | 871,589 | 5,754,236 | 8,104,176 | |||||||||||||||||||||||||||||||
Fixed-Income Funds—21.98% | ||||||||||||||||||||||||||||||||||
— | — | 167,325 | 167,325 | AIM Core Bond Fund | (b) | — | — | 1,405,531 | 1,405,531 | |||||||||||||||||||||||||
— | — | 10,509 | 10,509 | AIM Floating Rate Fund | (b) | — | — | 71,145 | 71,145 | |||||||||||||||||||||||||
— | — | 335,459 | 335,459 | AIM High Yield Fund | (b) | — | — | 1,157,334 | 1,157,334 | |||||||||||||||||||||||||
— | — | 5,320 | 5,320 | AIM International Total Return Fund | (b) | — | — | 56,974 | 56,974 | |||||||||||||||||||||||||
— | — | 6,546 | 6,546 | AIM Short Term Bond Fund | (b) | — | — | 55,380 | 55,380 | |||||||||||||||||||||||||
3,120 | 856 | — | 3,976 | iShares Barclays U.S. Treasury Inflation Protected Securities Fund | (d) | 317,086 | 86,995 | — | 404,081 | |||||||||||||||||||||||||
33,121 | 9,086 | — | 42,207 | Russell Strategic Bond Fund-Class Y | (d) | 314,652 | 86,318 | — | 400,970 | |||||||||||||||||||||||||
631,738 | 173,313 | 2,746,364 | 3,551,415 | |||||||||||||||||||||||||||||||
Foreign Equity Funds—21.98% | ||||||||||||||||||||||||||||||||||
— | — | 24,307 | 24,307 | AIM International Core Equity Fund | (b) | — | — | 217,551 | 217,551 | |||||||||||||||||||||||||
— | — | 27,522 | 27,522 | AIM International Growth Fund | (b) | — | — | 575,218 | 575,218 | |||||||||||||||||||||||||
— | — | 18,618 | 18,618 | PowerShares FTSE RAFI Developed Markets ex-US Portfolio-ETF | (b) | — | — | 575,110 | 575,110 | |||||||||||||||||||||||||
— | — | 26,518 | 26,518 | PowerShares FTSE RAFI Developed Markets ex-US Small- Mid Portfolio-ETF | (b) | — | — | 463,535 | 463,535 | |||||||||||||||||||||||||
— | — | 36,374 | 36,374 | PowerShares International Dividend Achievers Portfolio-ETF | (b) | — | — | 416,118 | 416,118 | |||||||||||||||||||||||||
13,749 | 9,699 | — | 23,448 | Russell Emerging Markets Fund-Class Y | (d) | 187,403 | 132,201 | — | 319,604 | |||||||||||||||||||||||||
17,874 | 10,524 | — | 28,398 | Russell International Developed Markets Fund-Class | (c)(d) | 452,026 | 266,156 | — | 718,182 | |||||||||||||||||||||||||
3,095 | 2,227 | — | 5,322 | Van Kampen Emerging Markets Fund | (e) | 34,016 | 24,469 | — | 58,485 | |||||||||||||||||||||||||
9,896 | 5,819 | — | 15,715 | Van Kampen International Growth Fund | (e) | 130,729 | 76,869 | — | 207,598 | |||||||||||||||||||||||||
804,174 | 499,695 | 2,247,532 | 3,551,401 | |||||||||||||||||||||||||||||||
Real Estate Funds—5.83% | ||||||||||||||||||||||||||||||||||
— | — | 50,081 | 50,081 | AIM Real Estate Fund | (b) | — | — | 375,107 | 375,107 | |||||||||||||||||||||||||
— | — | 5,182 | 5,182 | AIM Select Real Estate Income Fund | (b) | — | — | 64,872 | 64,872 | |||||||||||||||||||||||||
15,125 | �� | 8,004 | — | 23,129 | Russell Real Estate Securities Fund-Class Y | (d) | 328,061 | 173,612 | — | 501,673 | ||||||||||||||||||||||||
328,061 | 173,612 | 439,979 | 941,652 | |||||||||||||||||||||||||||||||
Money Market Funds—0.69% | ||||||||||||||||||||||||||||||||||
— | — | 55,899 | 55,899 | Liquid Assets Portfolio | (b) | — | — | 55,899 | 55,899 | |||||||||||||||||||||||||
— | — | 55,899 | 55,899 | STIC Prime Portfolio | (b) | — | — | 55,899 | 55,899 | |||||||||||||||||||||||||
Total Money Market Funds | — | — | 111,798 | 111,798 | ||||||||||||||||||||||||||||||
TOTAL INVESTMENTS (excluding Repurchase Agreements)—100.63% (Cost $17,138,862) | 3,242,324 | 1,718,209 | 11,299,909 | 16,260,442 | ||||||||||||||||||||||||||||||
Table of Contents
of Van Kampen 2030 Retirement Strategy Fund and Van Kampen 2035 Retirement Strategy Fund into AIM Balanced-Risk Retirement 2030 Fund
(formerly known as AIM Independence 2030 Fund)
June 30, 2009
(Unaudited)
Repurchase Amount | Value | |||||||||||||||||||||||||||||||||
AIM | AIM | |||||||||||||||||||||||||||||||||
Balanced-Risk | Balanced-Risk | |||||||||||||||||||||||||||||||||
Van Kampen | Van Kampen | AIM | Retirement 2030 | Van Kampen | Van Kampen | AIM | Retirement 2030 | |||||||||||||||||||||||||||
2030 Retirement | 2035 Retirement | Balanced-Risk | Fund | 2030 Retirement | 2035 Retirement | Balanced-Risk | Fund | |||||||||||||||||||||||||||
Strategy | Strategy | Retirement 2030 | Pro Forma | Strategy | Strategy | Retirement 2030 | Pro Forma | |||||||||||||||||||||||||||
Fund | Fund | Fund | Combining | Fund | Fund | Fund | Combining | |||||||||||||||||||||||||||
Repurchase Agreements—0.47% | ||||||||||||||||||||||||||||||||||
$ | 3,857 | $ | — | $ | — | $ | 3,857 | Banc of America Securities ($3,857 par collateralized by U.S. Government obligations in a pooled cash account, interest rate of 0.60%, dated 06/30/09, to be sold on 07/01/09) | $ | 3,857 | $ | — | $ | — | $ | 3,857 | ||||||||||||||||||
— | 447 | — | 447 | Banc of America Securities ($447 par collateralized by U.S. Government obligations in a pooled cash account, interest rate of 0.60%, dated 06/30/09, to be sold on 07/01/09) | — | 447 | — | 447 | ||||||||||||||||||||||||||
65,144 | — | — | 65,144 | JPMorgan Chase & Co. ($65,143 par collateralized by U.S. Government obligations in a pooled cash account, interest rate of 0.50%, dated 06/30/09, to be sold on 07/01/09) | 65,143 | — | 65,143 | |||||||||||||||||||||||||||
— | 7,553 | — | 7,553 | JPMorgan Chase & Co. ($7,553 par collateralized by U.S. Government obligations in a pooled cash account, interest rate of 0.50%, dated 06/30/09, to be sold on 07/01/09) | — | 7,553 | — | 7,553 | ||||||||||||||||||||||||||
Total Repurchase Agreements—0.47% (Cost $77,000) | 69,000 | 8,000 | — | 77,000 | ||||||||||||||||||||||||||||||
TOTAL INVESTMENTS—101.10% (Cost $17,215,862) | 3,311,324 | 1,726,209 | 11,299,909 | 16,337,442 | ||||||||||||||||||||||||||||||
OTHER ASSETS LESS LIABILITIES—(1.10%) | (73,477 | ) | 21,203 | (125,845 | ) | (178,119 | ) | |||||||||||||||||||||||||||
NET ASSETS—100.00% | $ | 3,237,847 | $ | 1,747,412 | $ | 11,174,064 | $ | 16,159,323 | ||||||||||||||||||||||||||
(a) | At June 30, 2009 all securities held by Van Kampen 2030 Retirement Strategy Fund and Van Kampen 2035 Retirement Strategy Fund do not comply with the investment objectives, strategies and restrictions of AIM Balanced-Risk Retirement 2030 Fund and as such, will be liquidated prior to the reorganization. Effective November 4, 2009, AIM Independence 2030 Fund changed its investment objective, strategy and underlying investments from AIM Funds and PowerShares Funds to a combination of AIM Balanced-Risk Allocation Fund (“ABRA”) and affiliated money market funds [or 100% ABRA]. In addition, the Fund changed its name to AIM Balance-Risk Retirement 2030 Fund. | |
(b) | The underlying fund and the Fund are affiliated by either having the same investment advisor or an investment advisor under common control with the Fund’s investment advisor. The Fund invests in Institutional Class shares of the mutual funds listed. | |
(c) | Non-income producing security. A security is determined to be non-income producing if the security has not declared a distribution in more than one year from the report date. | |
(d) | Non affiliate of the fund, its investments advisor, or Van Kampen Asset Management (“Van Kampen”). | |
(e) | The underlying fund is an affiliate of Van Kampen. The underlying fund invest in Class I shares of the Van Kampen mutual funds listed. |
Table of Contents
of Van Kampen 2030 Retirement Strategy Fund and Van Kampen 2035 Retirement Strategy Fund into AIM
Balanced-Risk Retirement 2030 Fund
June 30, 2009
(Unaudited)
Table of Contents
Table of Contents
Table of Contents
Level 1 | — | Prices are determined using quoted prices in an active market for identical assets. | |
Level 2 | — | Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others. | |
Level 3 | — | Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Fund’s own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information. |
Equity Securities | Repurchase Agreements | |||||||||||||||||||||||||||||||
Fund Name | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||
Van Kampen 2030 Retirement Strategy Fund | $ | 3,242,324 | $ | — | $ | — | $ | 3,242,324 | $ | — | $ | 69,000 | $ | — | $ | 69,000 | ||||||||||||||||
Van Kampen 2035 Retirement Strategy Fund | 1,718,209 | — | — | 1,718,209 | — | 8,000 | — | 8,000 | ||||||||||||||||||||||||
AIM Balanced-Risk Retirement 2030 Allocation Fund | 11,299,909 | — | — | 11,299,909 | — | — | — | — | ||||||||||||||||||||||||
AIM Balanced-Risk Retirement 2030 Allocation Fund Pro Forma Combining | $ | 16,260,442 | $ | — | $ | — | $ | 16,260,442 | $ | — | $ | 77,000 | $ | — | $ | 77,000 |
Table of Contents
of Van Kampen 2040 Retirement Strategy Fund and Van Kampen 2045 Retirement Strategy Fund into AIM Balanced-Risk Retirement 2040 Fund
(formerly known as AIM Independence 2040 Fund)
For the year ended June 30, 2009
(Unaudited)
AIM | ||||||||||||||||||||
Van Kampen | Van Kampen | AIM | Balanced-Risk | |||||||||||||||||
2040 Retirement | 2045 Retirement | Balanced-Risk | Retirement 2040 Fund | |||||||||||||||||
Strategy | Strategy | Retirement 2040 | Pro Forma | |||||||||||||||||
Fund | Fund | Fund | Adjustments * | Combining | ||||||||||||||||
Assets: | ||||||||||||||||||||
Investments in unaffiliated underlying funds, at value | 883,360 | 569,056 | — | — | $ | 1,452,416 | ||||||||||||||
(Cost $817,577 — Van Kampen 2040 Retirement Strategy Fund) | ||||||||||||||||||||
(Cost $602,295 — Van Kampen 2045 Retirement Strategy Fund) | ||||||||||||||||||||
(Cost $1,419,872 — Pro Forma Combining) | ||||||||||||||||||||
Investments in affiliated underlying funds, at value | 292,868 | 305,179 | 5,870,425 | — | 6,468,472 | |||||||||||||||
(Cost $271,399 — Van Kampen 2040 Retirement Strategy Fund) | ||||||||||||||||||||
(Cost $196,467 — Van Kampen 2045 Retirement Strategy Fund) | ||||||||||||||||||||
(Cost $6,258,846 — AIM Balanced-Risk Retirement 2040 Fund) | ||||||||||||||||||||
(Cost $6,726,712 — Pro Forma Combining) | ||||||||||||||||||||
Repurchase Agreements (at value and cost) | — | 1,000 | — | — | 1,000 | |||||||||||||||
Total Investments | 1,176,228 | 875,235 | 5,870,425 | — | 7,921,888 | |||||||||||||||
(Cost $1,088,976 — Van Kampen 2040 Retirement Strategy Fund) | ||||||||||||||||||||
(Cost $799,762 — Van Kampen 2045 Retirement Strategy Fund) | ||||||||||||||||||||
(Cost $6,258,846 — AIM Balanced-Risk Retirement 2040 Fund) | ||||||||||||||||||||
(Cost $8,147,584 — Pro Forma Combining) | ||||||||||||||||||||
Receivables for: | ||||||||||||||||||||
Fund shares sold | 40,949 | 10,376 | 15,262 | — | 66,587 | |||||||||||||||
Dividends from affiliated underlying funds | — | — | 19 | — | 19 | |||||||||||||||
Fund expenses absorbed | — | — | 8,244 | — | 8,244 | |||||||||||||||
Investment for trustee deferred compensation and retirement plans | — | — | 3,001 | — | 3,001 | |||||||||||||||
Other assets | 25,069 | 25,297 | 29,050 | — | 79,416 | |||||||||||||||
Total assets | 1,242,246 | 910,908 | 5,926,001 | — | 8,079,155 | |||||||||||||||
Liabilities: | ||||||||||||||||||||
Payables for: | — | |||||||||||||||||||
Investments purchased | 6,670 | 845 | — | — | 7,515 | |||||||||||||||
Investments purchased from affiliates | — | 99,773 | 99,773 | |||||||||||||||||
Fund shares reacquired | — | — | 4,680 | — | 4,680 | |||||||||||||||
Amount due custodian | 3,516 | — | 13,998 | — | 17,514 | |||||||||||||||
Accrued fees to affiliates | — | — | 10,319 | — | 10,319 | |||||||||||||||
Accrued operating expenses | 81,763 | 69,131 | 34,118 | — | 185,012 | |||||||||||||||
Trustee deferred compensation and retirement plans | — | — | 3,001 | — | 3,001 | |||||||||||||||
Total liabilities | 91,949 | 69,976 | 165,889 | — | 327,814 | |||||||||||||||
Net assets applicable to shares outstanding | $ | 1,150,297 | $ | 840,932 | $ | 5,760,112 | $ | — | $ | 7,751,341 | ||||||||||
Net assets consist of: | ||||||||||||||||||||
Shares of beneficial interest | $ | 1,060,002 | $ | 762,465 | $ | 6,549,735 | $ | — | $ | 8,372,202 | ||||||||||
Undistributed net investment income | 4,305 | 3,889 | 51,159 | — | 59,353 | |||||||||||||||
Undistributed net realized gain (loss) | (1,262 | ) | (895 | ) | (452,361 | ) | — | (454,518 | ) | |||||||||||
Unrealized appreciation (depreciation) | 87,252 | 75,473 | (388,421 | ) | — | (225,696 | ) | |||||||||||||
$ | 1,150,297 | $ | 840,932 | $ | 5,760,112 | $ | — | $ | 7,751,341 | |||||||||||
Net assets: | ||||||||||||||||||||
Class A** | $ | 698,029 | $ | 427,545 | $ | 3,019,201 | $ | (1,125,574 | ) | $ | 3,019,201 | |||||||||
Class A5 | $ | — | $ | — | $ | — | $ | 1,125,574 | $ | 1,125,574 | ||||||||||
Class B | $ | — | $ | — | $ | 616,882 | $ | — | $ | 616,882 | ||||||||||
Class C** | $ | 229,255 | $ | 188,847 | $ | 935,701 | $ | (418,102 | ) | $ | 935,701 | |||||||||
Class C5 | $ | — | $ | — | $ | — | $ | 418,102 | $ | 418,102 | ||||||||||
Class I ** | $ | 111,697 | $ | 112,244 | $ | — | $ | (223,941 | ) | $ | — | |||||||||
Class R** | $ | 111,316 | $ | 112,296 | $ | 1,106,270 | $ | (223,612 | ) | $ | 1,106,270 | |||||||||
Class R5 | $ | — | $ | — | $ | 223,612 | $ | 223,612 | ||||||||||||
Class Y | $ | — | $ | — | $ | 72,551 | $ | 223,941 | $ | 296,492 | ||||||||||
Institutional Class | $ | — | $ | — | $ | 9,507 | $ | — | $ | 9,507 | ||||||||||
Shares Outstanding, $0.01 par value per share: | ||||||||||||||||||||
Class A** | 62,621 | 38,157 | 457,761 | (100,778 | ) | 457,761 | ||||||||||||||
Class A5 | — | — | — | 170,542 | 170,542 | |||||||||||||||
Class B | — | — | 94,250 | — | 94,250 | |||||||||||||||
Class C** | 20,593 | 16,862 | 143,015 | (37,455 | ) | 143,015 | ||||||||||||||
Class C5 | — | — | — | 63,904 | 63,904 | |||||||||||||||
Class I ** | 10,000 | 10,000 | — | (20,000 | ) | — | ||||||||||||||
Class R** | 10,000 | 10,039 | 168,336 | (20,039 | ) | 168,336 | ||||||||||||||
Class R5 | — | — | — | 34,035 | 34,035 | |||||||||||||||
Class Y | — | — | 10,985 | 33,930 | 44,915 | |||||||||||||||
Institutional Class | — | — | 1,438 | — | 1,438 | |||||||||||||||
Class A: | ||||||||||||||||||||
Net asset value per share | $ | 11.15 | $ | 11.20 | $ | 6.60 | — | $ | 6.60 | |||||||||||
Offering price per share: | ||||||||||||||||||||
(Net asset value of $11.15 ÷ 94.25% — Van Kampen 2040 Retirement Strategy Fund) | ||||||||||||||||||||
(Net asset value of $11.20 ÷ 94.25% — Van Kampen 2045 Retirement Strategy Fund) | ||||||||||||||||||||
(Net asset value of $6.60 ÷ 94.50% — AIM Balanced-Risk Retirement 2040 Fund) | $ | 11.83 | $ | 11.88 | $ | — | — | $ | 6.98 | |||||||||||
Class A5: | ||||||||||||||||||||
Net asset value per share | $ | — | $ | — | $ | — | — | $ | 6.60 | |||||||||||
Offering price per share: | ||||||||||||||||||||
(Net asset value of $6.60 ÷ 94.50% — AIM Balanced-Risk Retirement 2010 Fund) | $ | — | $ | — | $ | — | — | $ | 6.98 | |||||||||||
Class B: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | — | $ | 6.55 | — | $ | 6.55 | |||||||||||
Class C: | ||||||||||||||||||||
Net asset value and offering price per share | $ | 11.13 | $ | 11.20 | $ | 6.54 | — | $ | 6.54 | |||||||||||
Class C5: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | — | $ | — | — | $ | 6.54 | |||||||||||
Class I | ||||||||||||||||||||
Net asset value and offering price per share | $ | 11.17 | $ | 11.22 | $ | — | — | $ | — | |||||||||||
Class R: | ||||||||||||||||||||
Net asset value and offering price per share | $ | 11.13 | $ | 11.19 | $ | 6.57 | — | $ | 6.57 | |||||||||||
Class R5: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | — | $ | — | — | $ | 6.57 | |||||||||||
Class Y: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | — | $ | 6.60 | — | $ | 6.60 | |||||||||||
Institutional Class: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | — | $ | 6.61 | — | $ | 6.61 |
* | Shares outstanding have been adjusted for the accumulated change in the number of shares of Van Kampen 2040 Retirement Strategy Fund’s and Van Kampen 2045 Retirement Strategy Fund’s shareholder accounts based on the relative value of Van Kampen 2040 Retirement Strategy Fund’s and Van Kampen 2045 Retirement Strategy Fund’s and AIM Balanced-Risk Retirement Now Fund’s Net asset value per share assuming the Reorganization would have taken place on June 30, 2009. As of June 30, 2009, Class A5, Class C5 and Class R5 did not exist for AIM Balanced-Risk Retirement 2040 Fund and will be added in connection with the Reorganization. Class A5, Class C5 and Class R5 shares of AIM Balanced-Risk Retirement 2040 Fund will commence operations at the net asset value per share of AIM Balanced-Risk Retirement 2040 Fund’s Class A, Class C and Class R shares, respectively. | |
** | Class A, Class C, Class R and Class I shares outstanding of Van Kampen 2040 & 2045 Retirement Strategy Funds were converted into Class A5, Class C5, Class R5 and Class Y shares, respectively of AIM Balanced-Risk Retirement 2040 Fund. |
Table of Contents
of Van Kampen 2040 Retirement Strategy Fund and Van Kampen 2045 Retirement Strategy Fund into AIM Balanced-Risk Retirement 2040 Fund
(formerly known as AIM Independence 2040 Fund)
For the year ended June 30, 2009
(Unaudited)
AIM | ||||||||||||||||||||
Van Kampen | Van Kampen | AIM | Balanced-Risk | |||||||||||||||||
2040 Retirement | 2045 Retirement | Balanced-Risk | Retirement 2040 Fund | |||||||||||||||||
Strategy | Strategy | Retirement 2040 | Pro Forma | |||||||||||||||||
Fund* | Fund* | Fund | Adjustments** | Combining | ||||||||||||||||
Investment income: | ||||||||||||||||||||
Dividends from unaffiliated underlying funds | $ | 4,772 | $ | 4,094 | $ | — | $ | — | $ | 8,866 | ||||||||||
Dividends from affiliated underlying funds | 1,098 | 1,047 | 108,956 | $ | — | $ | 111,101 | |||||||||||||
Interest | 10 | 7 | — | — | 17 | |||||||||||||||
Other Income | — | — | 54 | — | 54 | |||||||||||||||
Total investment income | 5,880 | 5,148 | 109,010 | — | 120,038 | |||||||||||||||
Expenses: | ||||||||||||||||||||
Advisory fees | 379 | 340 | — | (719 | )(a) | — | ||||||||||||||
Administrative services fees | 19,541 | 16,688 | 50,000 | (36,229 | )(b) | 50,000 | ||||||||||||||
Custodian fees | 10,855 | 7,294 | 11,962 | — | 30,111 | |||||||||||||||
Distribution fees: | ||||||||||||||||||||
Class A | 377 | 316 | 4,552 | (693 | ) | 4,552 | ||||||||||||||
Class A5 | — | — | — | 693 | 693 | |||||||||||||||
Class B | — | — | 5,077 | — | 5,077 | |||||||||||||||
Class C | 484 | 250 | 6,385 | (734 | ) | 6,385 | ||||||||||||||
Class C5 | — | — | — | 734 | 734 | |||||||||||||||
Class R | 336 | 337 | 2,589 | (673 | ) | 2,589 | ||||||||||||||
Class R5 | — | — | — | 673 | 673 | |||||||||||||||
Transfer agent fees—A, A5, B, C, C5, I, R, R5 and Y | 29,726 | 20,024 | 21,922 | — | 71,672 | |||||||||||||||
Transfer agent fees—Institutional | — | — | 14 | — | 14 | |||||||||||||||
Trustees’ and officer’s fees and benefits | 3,617 | 3,878 | 17,853 | (7,495 | )(c) | 17,853 | ||||||||||||||
Registration & filing fees | 6,423 | 7,455 | 60,228 | — | 74,106 | |||||||||||||||
Reports to shareholders | 35,886 | 39,683 | 4,359 | (68,928 | )(d) | 11,000 | ||||||||||||||
Professional services fees | 88,387 | 90,670 | 40,777 | (144,983 | )(e) | 74,851 | ||||||||||||||
Other | 8,256 | 8,270 | 12,187 | — | 28,713 | |||||||||||||||
Total expenses | 204,267 | 195,205 | 237,905 | (258,354 | ) | 379,023 | ||||||||||||||
Less: Fees waived, expenses reimbursed and expense offset arrangement(s) | (202,692 | ) | (193,946 | ) | (215,875 | ) | 258,637 | (353,876 | ) | |||||||||||
Net expenses | 1,575 | 1,259 | 22,030 | 283 | 25,147 | |||||||||||||||
Net investment income | 4,305 | 3,889 | 86,980 | (283 | ) | 94,891 | ||||||||||||||
Realized and unrealized gain (loss) from: | ||||||||||||||||||||
Net realized gain (loss) from: | ||||||||||||||||||||
Investment securities — unaffiliated underlying fund shares | (1,026 | ) | (713 | ) | — | — | (1,739 | ) | ||||||||||||
Investment securities — affiliated underlying fund shares *** | (236 | ) | (182 | ) | (393,986 | ) | — | (394,404 | ) | |||||||||||
(1,262 | ) | (895 | ) | (393,986 | ) | — | (396,143 | ) | ||||||||||||
Net unrealized appreciation (depreciation) of: | ||||||||||||||||||||
Investment securities — unaffiliated underlying fund shares | 70,926 | 60,107 | — | — | 131,033 | |||||||||||||||
Investment securities — affiliated underlying fund shares | 16,326 | 15,366 | (75,001 | ) | — | (43,309 | ) | |||||||||||||
87,252 | 75,473 | (75,001 | ) | — | 87,724 | |||||||||||||||
Net increase (decrease) in net assets resulting from operations | $ | 90,295 | $ | 78,467 | $ | (382,007 | ) | $ | (283 | ) | $ | (213,528 | ) | |||||||
* | For the period October 23, 2008 (commencement date) to June 30, 2009. | |
** | See Note 2 Pro Forma Adjustments. Also, as of June 30, 2009, Class A5, Class C5 and Class R5 did not exist for AIM Balanced-Risk Retirement 2040 Fund and will be added in connection with the Reorganization. Also, Class A, Class C, Class R and Class I shares outstanding of Van Kampen 2040 & 2045 Retirement Strategy Funds will be converted into Class A5, Class C5, Class R5 and Class Y shares, respectively of AIM Balanced-Risk Retirement 2040 Fund. | |
*** | Includes gain (loss) from securities sold to affiliates of $(84,346). |
Table of Contents
of Van Kampen 2040 Retirement Strategy Fund and Van Kampen 2045 Retirement Strategy Fund into AIM Balanced-Risk Retirement 2040 Fund
(formerly known as AIM Independence 2040 Fund)
June 30, 2009
(Unaudited)
Shares | Value | |||||||||||||||||||||||||||||||||
AIM | AIM | |||||||||||||||||||||||||||||||||
Balanced-Risk | Balanced-Risk | |||||||||||||||||||||||||||||||||
Van Kampen | Van Kampen | AIM | Retirement 2040 | Van Kampen | Van Kampen | AIM | Retirement 2040 | |||||||||||||||||||||||||||
2040 Retirement | 2045 Retirement | Balanced-Risk | Fund | 2040 Retirement | 2045 Retirement | Balanced-Risk | Fund | |||||||||||||||||||||||||||
Strategy | Strategy | Retirement 2040 | Pro Forma | Strategy | Strategy | Retirement 2040 | Pro Forma | |||||||||||||||||||||||||||
Fund | Fund | Fund | Combining | Fund | Fund | Fund | Combining | |||||||||||||||||||||||||||
Domestic Equity Funds—56.18% | ||||||||||||||||||||||||||||||||||
— | — | 47,611 | 47,611 | AIM Diversified Dividend Fund | (b) | — | — | 425,645 | $ | 425,645 | ||||||||||||||||||||||||
— | — | 36,564 | 36,564 | AIM Structured Growth Fund | (b) | — | — | 263,627 | 263,627 | |||||||||||||||||||||||||
— | — | 37,369 | 37,369 | AIM Structured Value Fund | (b) | — | — | 258,595 | 258,595 | |||||||||||||||||||||||||
— | — | 28,107 | 28,107 | AIM Trimark Small Companies Fund | (b) | — | — | 270,671 | 270,671 | |||||||||||||||||||||||||
— | — | 21,299 | 21,299 | PowerShares Dynamic Large Cap Growth Portfolio — ETF | (b) | — | — | 246,003 | 246,003 | |||||||||||||||||||||||||
— | — | 18,031 | 18,031 | PowerShares Dynamic Large Cap Value Portfolio — ETF | (b) | — | — | 257,122 | 257,122 | |||||||||||||||||||||||||
— | — | 28,238 | 28,238 | PowerShares Dynamic Small Cap Growth Portfolio — ETF | (b)(c) | — | — | 313,159 | 313,159 | |||||||||||||||||||||||||
— | — | 28,610 | 28,610 | PowerShares Dynamic Small Cap Value Portfolio — ETF | (b) | — | — | 299,261 | 299,261 | |||||||||||||||||||||||||
— | — | 16,563 | 16,563 | PowerShares FTSE RAFI US 1000 Portfolio-ETF | (b) | — | — | 616,806 | 616,806 | |||||||||||||||||||||||||
— | — | 10,871 | 10,871 | PowerShares FTSE RAFI US 1500 Small-Mid Portfolio-ETF | (b) | — | — | 406,575 | 406,575 | |||||||||||||||||||||||||
10,458 | 7,734 | — | 18,192 | Russell U.S. Core Equity Fund-Class Y | (d) | 209,899 | 155,220 | — | 365,119 | |||||||||||||||||||||||||
9,851 | 7,339 | — | 17,190 | Russell U.S. Small & Mid Cap Fund-Class Y | (d) | 143,434 | 106,851 | — | 250,285 | |||||||||||||||||||||||||
3,869 | 2,872 | — | 6,741 | Van Kampen American Value Fund | (e) | 67,704 | 50,259 | — | 117,963 | |||||||||||||||||||||||||
5,288 | 3,907 | — | 9,195 | Van Kampen Capital Growth Fund | (e) | 45,528 | 33,639 | — | 79,167 | |||||||||||||||||||||||||
5,485 | 3,984 | — | 9,469 | Van Kampen Core Equity Fund | (e) | 32,308 | 23,465 | — | 55,773 | |||||||||||||||||||||||||
4,044 | 2,968 | — | 7,012 | Van Kampen Growth and Income Fund | (e) | 56,009 | 41,102 | — | 97,111 | |||||||||||||||||||||||||
989 | 720 | — | 1,709 | Van Kampen Mid Cap Growth Fund | (e) | 18,229 | 13,278 | — | 31,507 | |||||||||||||||||||||||||
Total Domestic Equity Funds | 573,111 | 423,814 | 3,357,464 | 4,354,389 | ||||||||||||||||||||||||||||||
Fixed-Income Funds—12.75% | ||||||||||||||||||||||||||||||||||
— | — | 37,043 | 37,043 | AIM Core Bond Fund | (b) | — | — | 311,168 | 311,168 | |||||||||||||||||||||||||
— | — | 136,155 | 136,155 | AIM High Yield Fund | (b) | — | — | 469,738 | 469,738 | |||||||||||||||||||||||||
583 | 440 | — | 1,023 | iShares Barclays U.S. Treasury Inflation Protected Securities Fund | (d) | 59,250 | 44,717 | — | 103,967 | |||||||||||||||||||||||||
6,190 | 4,741 | — | 10,931 | Russell Strategic Bond Fund-Class Y | (d) | 58,801 | 45,044 | — | 103,845 | |||||||||||||||||||||||||
Total Fixed-Income Funds | 118,051 | 89,761 | 780,906 | 988,718 | ||||||||||||||||||||||||||||||
Foreign Equity Funds—25.44% | ||||||||||||||||||||||||||||||||||
— | — | 14,672 | 14,672 | AIM International Core Equity Fund | (b) | — | — | 131,315 | 131,315 | |||||||||||||||||||||||||
— | — | 16,843 | 16,843 | AIM International Growth Fund | (b) | — | — | 352,019 | 352,019 | |||||||||||||||||||||||||
— | — | 10,439 | 10,439 | PowerShares FTSE RAFI Developed Markets ex-US Portfolio — ETF | (b) | — | — | 322,461 | 322,461 | |||||||||||||||||||||||||
— | — | 16,072 | 16,072 | PowerShares FTSE RAFI Developed Markets ex-US Small- Mid Portfolio-ETF | (b) | — | — | 280,938 | 280,938 | |||||||||||||||||||||||||
— | — | 21,434 | 21,434 | PowerShares International Dividend Achievers Portfolio — ETF(b) | (b) | — | — | 245,205 | 245,205 | |||||||||||||||||||||||||
8,714 | 6,597 | — | 15,311 | Russell Emerging Markets Fund-Class Y | (d) | 118,769 | 89,912 | — | 208,681 | |||||||||||||||||||||||||
6,918 | 5,120 | — | 12,038 | Russell International Developed Markets Fund-Class Y | (c)(d) | 174,958 | 129,476 | — | 304,434 | |||||||||||||||||||||||||
2,033 | 1,501 | — | 3,534 | Van Kampen Emerging Markets Fund | (e) | 22,343 | 16,491 | — | 38,834 | |||||||||||||||||||||||||
3,842 | 2,803 | — | 6,645 | Van Kampen International Growth Fund | (e) | 50,747 | 37,033 | — | 87,780 | |||||||||||||||||||||||||
Total Foreign Equity Funds | 366,817 | 272,912 | 1,331,938 | 1,971,667 | ||||||||||||||||||||||||||||||
Real Estate Funds—6.15% | ||||||||||||||||||||||||||||||||||
— | — | 36,102 | 36,102 | AIM Global Real Estate Fund | (b)(c) | — | — | 270,405 | 270,405 | |||||||||||||||||||||||||
5,452 | 4,046 | — | 9,498 | Russell Real Estate Securities Fund-Class Y | (d) | 118,249 | 87,748 | — | 205,997 | |||||||||||||||||||||||||
Total Real Estate Funds | 118,249 | 87,748 | 270,405 | 476,402 | ||||||||||||||||||||||||||||||
Money Market Funds—1.67% | ||||||||||||||||||||||||||||||||||
— | — | 64,856 | 64,856 | Liquid Assets Portfolio(b) | (b) | — | — | 64,856 | 64,856 | |||||||||||||||||||||||||
— | — | 64,856 | 64,856 | Premier Portfolio(b) | (b) | — | — | 64,856 | 64,856 | |||||||||||||||||||||||||
Total Money Market Funds | — | — | 129,712 | 129,712 | ||||||||||||||||||||||||||||||
TOTAL INVESTMENTS (excluding Repurchase Agreements)-102.19% (Cost $8,146,584) | 1,176,228 | 874,235 | 5,870,425 | 7,920,888 | ||||||||||||||||||||||||||||||
Table of Contents
Repurchase Amount | Value | |||||||||||||||||||||||||||||||||
Van Kampen | Van Kampen | AIM | AIM Balanced-Risk | Van Kampen | Van Kampen | AIM | AIM Balanced-Risk | |||||||||||||||||||||||||||
2040 Retirement | 2045 Retirement | Balanced-Risk | Retirement 2010 Fund | 2040 Retirement | 2045 Retirement | Balanced-Risk | Retirement 2010 Fund | |||||||||||||||||||||||||||
Strategy | Strategy | Retirement 2040 | Pro Forma | Strategy | Strategy | Retirement 2040 | Pro Forma | |||||||||||||||||||||||||||
Fund | Fund | Fund | Combining | Fund | Fund | Fund | Combining | |||||||||||||||||||||||||||
Repurchase Agreements—0.01% | ||||||||||||||||||||||||||||||||||
$ | — | $ | 56 | $ | — | $ | 56 | Banc of America Securities ($56 par collateralized by U.S. Government obligations in a pooled cash account, interest rate of 0.60%, dated 06/30/09, to be sold on 07/01/09) | $ | — | $ | 56 | $ | — | $ | 56 | ||||||||||||||||||
944 | — | 944 | JPMorgan Chase & Co. ($944 par collateralized by U.S. Government obligations in a pooled cash account, interest rate of 0.50%, dated 06/30/09, to be sold on 07/01/09) | — | 944 | — | 944 | |||||||||||||||||||||||||||
Total Repurchase Agreements (Cost $1,000) | — | 1,000 | — | 1,000 | ||||||||||||||||||||||||||||||
TOTAL INVESTMENTS—102.20% (Cost $8,147,584) | 1,176,228 | 875,235 | 5,870,425 | 7,921,888 | ||||||||||||||||||||||||||||||
OTHER ASSETS LESS LIABILITIES—(2.20%) | (25,931 | ) | (34,303 | ) | (110,313 | ) | (170,547 | ) | ||||||||||||||||||||||||||
NET ASSETS—100.00% | $ | 1,150,297 | $ | 840,932 | $ | 5,760,112 | $ | 7,751,341 |
(a) | At June 30, 2009, all securities held by Van Kampen 2040 Retirement Strategy Fund and Van Kampen 2045 Retirement Strategy Fund do not comply with the investment objectives, strategies and restrictions of AIM Balanced-Risk Retirement 2040 Fund and as such, will be liquidated prior to the reorganization. Effective November 4, 2009, AIM Independence 2040 Fund changed its investment objective, strategy and underlying investments from AIM Funds and PowerShares Funds to a combination of AIM Balanced-Risk Allocation Fund (“ABRA”) and affiliated money market funds [or 100% ABRA]. In addition, the Fund changed its name to AIM Balanced-Risk Retirement 2040 Fund. | |
(b) | The underlying fund and the Fund are affiliated by either having the same investment advisor or an investment advisor under common control with the Fund’s investment advisor. The Fund invests in Institutional Class shares of the mutual funds listed. | |
(c) | Non-income producing security. A security is determined to be non-income producing if the security has not declared a distribution in more than one year from the report date. | |
(d) | Non affiliate of the Fund, its investment advisor or Van Kampen Asset Management (“Van Kampen”). | |
(e) | The underlying fund is an affiliate of Van Kampen and invests in Class I shares of the Van Kampen mutual funds listed. |
Table of Contents
of Van Kampen 2040 Retirement Strategy Fund and Van Kampen 2045 Retirement Strategy Fund into AIM
Balanced-Risk Retirement 2040 Fund
June 30, 2009
(Unaudited)
Table of Contents
Table of Contents
Table of Contents
Level 1 | — | Prices are determined using quoted prices in an active market for identical assets. | |
Level 2 | — | Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others. | |
Level 3 | — | Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Fund’s own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information. |
Equity Securities | Repurchase Agreements | |||||||||||||||||||||||||||||||
Fund Name | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||
Van Kampen 2040 Retirement Strategy Fund | $ | 1,176,228 | $ | — | $ | — | $ | 1,176,228 | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||
Van Kampen 2045 Retirement Strategy Fund | 874,235 | — | — | 874,235 | — | 1,000 | — | 1,000 | ||||||||||||||||||||||||
AIM Balanced-Risk Retirement 2040 Allocation Fund | 5,870,425 | — | — | 5,870,425 | — | — | — | — | ||||||||||||||||||||||||
AIM Balanced-Risk Retirement 2040 Allocation Fund Pro Forma Combining | $ | 7,920,888 | $ | — | $ | — | $ | 7,920,888 | $ | — | $ | 1,000 | $ | — | $ | 1,000 |
Table of Contents
of Van Kampen 2050 Retirement Strategy Fund into AIM Balanced-Risk Retirement 2050 Fund (formerly known as AIM Independence 2050 Fund)
June 30, 2009
(Unaudited)
AIM | ||||||||||||||||||||
AIM | Balanced-Risk | |||||||||||||||||||
Van Kampen | Balanced-Risk | Retirement 2050 Fund | ||||||||||||||||||
2050 Retirement | Retirement 2050 | Pro Forma | ||||||||||||||||||
Strategy Fund | Fund | Adjustments * | Combining | |||||||||||||||||
Assets: | ||||||||||||||||||||
Investments in underlying unaffiliated funds, at value | $ | 612,716 | $ | — | — | $ | 612,716 | |||||||||||||
(Cost $554,888 Van Kampen 2050 Retirement Strategy Fund) | ||||||||||||||||||||
(Cost $0 AIM Balanced-Risk Retirement 2050 Fund) | ||||||||||||||||||||
(Cost $554,888 — Pro Forma Combining) | ||||||||||||||||||||
Investments in affiliated underlying funds, at value | 203,018 | 3,223,925 | — | 3,426,943 | ||||||||||||||||
(Cost $184,031 Van Kampen 2050 Retirement Strategy Fund) | ||||||||||||||||||||
(Cost $3,678,278 AIM Balanced-Risk Retirement 2050 Fund) | ||||||||||||||||||||
(Cost $3,862,309 — Pro Forma Combining) | ||||||||||||||||||||
Total Investments, at value | 815,734 | 3,223,925 | — | 4,039,659 | ||||||||||||||||
(Cost $738,919 Van Kampen 2050 Retirement Strategy Fund) | ||||||||||||||||||||
(Cost $3,678,278 AIM Balanced-Risk Retirement 2050 Fund) | ||||||||||||||||||||
(Cost $4,417,197 — Pro Forma Combining) | ||||||||||||||||||||
Receivables for: | ||||||||||||||||||||
Fund shares sold | 9,686 | 5,833 | — | 15,519 | ||||||||||||||||
Dividends from affiliated underlying funds | — | 13 | — | 13 | ||||||||||||||||
Fund expenses absorbed | — | 6,762 | — | 6,762 | ||||||||||||||||
Investment for trustee deferred compensation and retirement plans | — | 3,000 | — | 3,000 | ||||||||||||||||
Other assets | 26,014 | 29,185 | — | 55,199 | ||||||||||||||||
Total assets | 851,434 | 3,268,718 | — | 4,120,152 | ||||||||||||||||
Liabilities: | ||||||||||||||||||||
Payables for: | ||||||||||||||||||||
Investments purchased | 455 | — | — | 455 | ||||||||||||||||
Investments purchased from affiliates | — | 42,409 | — | 42,409 | ||||||||||||||||
Fund shares reacquired | 79 | 3,963 | — | 4,042 | ||||||||||||||||
Amount due custodian | — | 8,563 | — | 8,563 | ||||||||||||||||
Accrued fees to affiliates | — | 6,356 | — | 6,356 | ||||||||||||||||
Accrued operating expenses | 67,818 | 33,160 | — | 100,978 | ||||||||||||||||
Trustee deferred compensation and retirement plans | — | 3,000 | — | 3,000 | ||||||||||||||||
Total liabilities | 68,352 | 97,451 | — | 165,803 | ||||||||||||||||
Net assets applicable to shares outstanding | $ | 783,082 | $ | 3,171,267 | $ | — | $ | 3,954,349 | ||||||||||||
Net assets consist of: | ||||||||||||||||||||
Shares of beneficial interest | $ | 703,742 | $ | 3,861,788 | $ | — | $ | 4,565,530 | ||||||||||||
Undistributed net investment income | 4,357 | 23,219 | — | 27,576 | ||||||||||||||||
Undistributed net realized gain (loss) | (1,832 | ) | (259,387 | ) | — | (261,219 | ) | |||||||||||||
Unrealized appreciation (depreciation) | 76,815 | (454,353 | ) | — | (377,538 | ) | ||||||||||||||
$ | 783,082 | $ | 3,171,267 | $ | — | $ | 3,954,349 | |||||||||||||
Net assets: | ||||||||||||||||||||
Class A** | $ | 419,926 | $ | 1,796,504 | $ | (419,926 | ) | $ | 1,796,504 | |||||||||||
Class A5 | $ | — | — | $ | 419,926 | $ | 419,926 | |||||||||||||
Class B | $ | — | $ | 336,031 | $ | — | $ | 336,031 | ||||||||||||
Class C** | $ | 137,706 | $ | 407,852 | $ | (137,706 | ) | $ | 407,852 | |||||||||||
Class C5 | $ | — | $ | — | $ | 137,706 | $ | 137,706 | ||||||||||||
Class I** | $ | 112,377 | $ | — | $ | (112,377 | ) | $ | — | |||||||||||
Class R** | $ | 113,073 | $ | 565,262 | $ | (113,073 | ) | $ | 565,262 | |||||||||||
Class R5 | $ | — | $ | — | $ | 113,073 | $ | 113,073 | ||||||||||||
Class Y | $ | — | $ | 47,822 | $ | 112,377 | $ | 160,199 | ||||||||||||
Institutional Class | $ | — | $ | 17,796 | $ | — | $ | 17,796 | ||||||||||||
Shares Outstanding, $0.01 par value per share: | ||||||||||||||||||||
Class A** | 37,438 | 283,210 | (37,438 | ) | 283,210 | |||||||||||||||
Class A5 | — | 66,255 | 66,255 | |||||||||||||||||
Class B | — | 53,400 | — | 53,400 | ||||||||||||||||
Class C** | 12,256 | 64,752 | (12,256 | ) | 64,752 | |||||||||||||||
Class C5 | — | — | 21,866 | 21,866 | ||||||||||||||||
Class I** | 10,000 | — | (10,000 | ) | — | |||||||||||||||
Class R** | 10,096 | 89,380 | (10,096 | ) | 89,380 | |||||||||||||||
Class R5 | — | — | 17,892 | 17,892 | ||||||||||||||||
Class Y | — | 7,528 | 17,701 | 25,229 | ||||||||||||||||
Institutional Class | — | 2,801 | — | 2,801 | ||||||||||||||||
Class A: | ||||||||||||||||||||
Net asset value per share | $ | 11.22 | $ | 6.34 | $ | — | $ | 6.34 | ||||||||||||
Offering price per share: | ||||||||||||||||||||
(Net asset value of $11.22 ÷ 94.25% — Van Kampen 2050 Retirement Strategy Fund) | ||||||||||||||||||||
(Net asset value of $6.34 ÷ 94.50% — AIM Balanced-Risk Retirement 2050 Fund) | $ | 11.90 | $ | 6.71 | $ | — | $ | 6.71 | ||||||||||||
Class A5: | ||||||||||||||||||||
Net asset value per share | $ | — | $ | — | $ | — | $ | 6.34 | ||||||||||||
Offering price per share: | ||||||||||||||||||||
(Net asset value of $6.34 ÷ 94.50% — AIM Balanced-Risk Retirement 2050 Fund) | $ | — | $ | — | $ | — | $ | 6.71 | ||||||||||||
Class B: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | 6.29 | $ | — | $ | 6.29 | ||||||||||||
Class C: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | 6.30 | $ | — | $ | 6.30 | ||||||||||||
Class C5: | ||||||||||||||||||||
Net asset value and offering price per share | $ | 11.24 | $ | — | $ | — | $ | 6.30 | ||||||||||||
Class I: | ||||||||||||||||||||
Net asset value and offering price per share | $ | 11.24 | $ | — | $ | (11.24 | ) | $ | — | |||||||||||
Class R: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | 6.32 | $ | — | $ | 6.32 | ||||||||||||
Class R5: | ||||||||||||||||||||
Net asset value and offering price per share | $ | 11.20 | $ | — | $ | — | $ | 6.32 | ||||||||||||
Class Y | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | 6.35 | $ | — | $ | 6.35 | ||||||||||||
Institutional Class: | ||||||||||||||||||||
Net asset value and offering price per share | $ | — | $ | 6.35 | $ | — | $ | 6.35 |
* | Shares outstanding have been adjusted for the accumulated change in the number of shares of Van Kampen 2050 Retirement Strategy Fund’s shareholder accounts based on the relative value of Van Kampen 2050 Retirement Strategy Fund’s and AIM Balanced-Risk Retirement 2050 Fund’s Net asset value per share assuming the Reorganization would have taken place on June 30, 2009. As of June 30, 2009, Class A5, Class C5 and Class R5 did not exist for AIM Balanced-Risk Retirement 2050 Fund and will be added in connection with the Reorganization. Class A5, Class C5 and Class R5 shares of AIM Balanced-Risk Retirement 2050 Fund will commence operations at the net asset value per share of AIM Balanced-Risk Retirement 2050 Fund’s Class A, Class C and Class R shares, respectively. | |
** | Class A, Class C, Class R and Class I shares outstanding of Van Kampen 2050 Retirement Strategy Fund will be converted into Class A5, Class C5, Class R5 and Class Y shares, respectively of AIM Balanced-Risk Retirement 2050 Fund. |
Table of Contents
of Van Kampen 2050 Retirement Strategy Fund into AIM Balanced-Risk Retirement 2050 Fund (formerly known as AIM Independence 2050 Fund)
For the period ended June 30, 2009
(Unaudited)
AIM | ||||||||||||||||
AIM | Balanced-Risk | |||||||||||||||
Van Kampen | Balanced-Risk | Retirement 2050 Fund | ||||||||||||||
2050 Retirement | Retirement 2050 | Pro Forma | ||||||||||||||
Strategy Fund * | Fund | Adjustments** | Combining | |||||||||||||
Investment income: | ||||||||||||||||
Dividends — unaffiliated underying fund shares | $ | 4,320 | $ | — | $ | — | $ | 4,320 | ||||||||
Dividends — affiliated underlying fund shares | 1,098 | 51,971 | — | 53,069 | ||||||||||||
Interest | 10 | — | — | 10 | ||||||||||||
Other income | — | 54 | — | 54 | ||||||||||||
Total investment income | 5,428 | 52,025 | — | 57,453 | ||||||||||||
Expenses: | ||||||||||||||||
Advisory fees | 347 | — | (347 | )(a) | — | |||||||||||
Administrative services fees | 16,434 | 50,000 | (16,434 | )(b) | 50,000 | |||||||||||
Custodian fees | 8,565 | 11,263 | — | 19,828 | ||||||||||||
Distribution fees: | ||||||||||||||||
Class A | 355 | 3,181 | (355 | ) | 3,181 | |||||||||||
Class A5 | — | — | 355 | 355 | ||||||||||||
Class B | — | 2,325 | — | 2,325 | ||||||||||||
Class C | 17 | 2,571 | (17 | ) | 2,571 | |||||||||||
Class C5 | — | — | 17 | 17 | ||||||||||||
Class R | 338 | 1,509 | (338 | ) | 1,509 | |||||||||||
Class R5 | — | — | 338 | 338 | ||||||||||||
Transfer agent fees—A, A5, B, C, C5, R, R5 and Y | 19,695 | 14,807 | — | 34,502 | ||||||||||||
Transfer agent fees—Institutional | — | 14 | — | 14 | ||||||||||||
Trustees’ and officers’ fees and benefits | 3,731 | 17,833 | (3,731 | )(c) | 17,833 | |||||||||||
Registration and filing fees | 5,900 | 59,954 | 65,854 | |||||||||||||
Reports to shareholders | 39,382 | 2,521 | (30,903 | )(d) | 11,000 | |||||||||||
Professional services fees | 90,886 | 40,709 | (73,524 | )(e) | 58,071 | |||||||||||
Other | 7,767 | 12,130 | — | 19,897 | ||||||||||||
Total expenses | 193,417 | 218,817 | (124,939 | ) | 287,295 | |||||||||||
Less: Fees waived and expenses reimbursed | (192,346 | ) | (207,325 | ) | 125,072 | (274,599 | ) | |||||||||
Net expenses | 1,071 | 11,492 | 133 | 12,696 | ||||||||||||
Net investment income | 4,357 | 40,533 | (133 | ) | 44,757 | |||||||||||
Realized and unrealized gain (loss) from: | ||||||||||||||||
Investment securities — unaffiliated underlying fund shares | (1,461 | ) | — | — | (1,461 | ) | ||||||||||
Investment securities — affiliated underlying fund shares*** | (371 | ) | (205,826 | ) | — | (206,197 | ) | |||||||||
(1,832 | ) | (205,826 | ) | — | (207,658 | ) | ||||||||||
Change in net unrealized appreciation (depreciation) of: | ||||||||||||||||
Investment securities — unaffiliated underlying fund shares | 61,244 | — | — | 61,244 | ||||||||||||
Investment securities — affiliated underlying fund share | 15,571 | (209,694 | ) | — | (194,123 | ) | ||||||||||
76,815 | (209,694 | ) | — | (132,879 | ) | |||||||||||
Net realized and unrealized gain (loss) | 74,983 | (415,520 | ) | — | (340,537 | ) | ||||||||||
Net increase (decrease) in net assets resulting from operations | $ | 79,340 | $ | (374,987 | ) | $ | (133 | ) | $ | (295,780 | ) | |||||
* | For the period October 23, 2008 (commencement date) to June 30, 2009. | |
** | See NOTE 2 Pro Forma Adjustments. Also, as of June 30, 2009, Class A5, Class C5 and Class R5 did not exist for AIM Balanced-Risk Retirement 2050 Fund and will be added in connection with the Reorganization. Also, Class A, Class C, Class R and Class I shares outstanding of Van Kampen 2050 Retirement Strategy Fund will be converted into Class A5, Class C5, Class R5 and Class Y shares, respectively of AIM Balanced-Risk Retirement 2050 Fund. | |
*** | Includes gains (losses) from securities sold to affiliates of $(41,196) for AIM Balanced-Risk Retirement 2050 Fund. |
Table of Contents
of Van Kampen 2050 Retirement Strategy Fund into AIM Balanced-Risk Retirement 2050 Fund (formerly known as AIM Independence 2050 Fund)
June 30, 2009
(Unaudited)
Shares | Value | |||||||||||||||||||||||||
AIM | AIM | |||||||||||||||||||||||||
Balanced-Risk | Balanced-Risk | |||||||||||||||||||||||||
AIM | Retirement 2050 | AIM | Retirement 2050 | |||||||||||||||||||||||
Van Kampen | Balanced-Risk | Fund | Van Kampen | Balanced-Risk | Fund | |||||||||||||||||||||
2050 Retirement | Retirement 2050 | Pro Forma | 2050 Retirement | Retirement 2050 | Pro Forma | |||||||||||||||||||||
Strategy Fund | Fund | Combining | Strategy Fund | Fund | Combining | |||||||||||||||||||||
Domestic Equity Funds—61.12% | ||||||||||||||||||||||||||
— | 28,051 | 28,051 | AIM Diversified Dividend Fund | (b) | $ | — | $ | 250,785 | $ | 250,785 | ||||||||||||||||
— | 21,463 | 21,463 | AIM Structured Growth Fund | (b) | — | 154,754 | 154,754 | |||||||||||||||||||
— | 21,931 | 21,931 | AIM Structured Value Fund | (b) | — | 151,769 | 151,769 | |||||||||||||||||||
— | 16,484 | 16,484 | AIM Trimark Small Companies Fund | (b) | — | 158,745 | 158,745 | |||||||||||||||||||
— | 12,958 | 12,958 | PowerShares Dynamic Large Cap Growth Portfolio — ETF | (b) | — | 149,665 | 149,665 | |||||||||||||||||||
— | 11,127 | 11,127 | PowerShares Dynamic Large Cap Value Portfolio — ETF | (b) | — | 158,671 | 158,671 | |||||||||||||||||||
— | 17,319 | 17,319 | PowerShares Dynamic Small Cap Growth Portfolio — ETF | (b)(c) | — | 192,068 | 192,068 | |||||||||||||||||||
— | 17,484 | 17,484 | PowerShares Dynamic Small Cap Value Portfolio — ETF | (b) | — | 182,883 | 182,883 | |||||||||||||||||||
— | 10,034 | 10,034 | PowerShares FTSE RAFI US 1000 Portfolio — ETF | (b) | — | 373,666 | 373,666 | |||||||||||||||||||
— | 6,635 | 6,635 | PowerShares FTSE RAFI US 1500 Small Mid Portfolio — ETF | (b) | — | 248,149 | 248,149 | |||||||||||||||||||
7,174 | — | 7,174 | Russell U.S. Core Equity Fund, Class Y | (d) | 143,984 | — | 143,984 | |||||||||||||||||||
6,851 | — | 6,851 | Russell U.S. Small & Mid Cap Fund, Class Y | (d) | 99,747 | — | 99,747 | |||||||||||||||||||
3,630 | — | 3,630 | Van Kampen Capital Growth Fund | (e) | 31,252 | — | 31,252 | |||||||||||||||||||
3,791 | — | 3,791 | Van Kampen Core Equity Fund | (e) | 22,328 | — | 22,328 | |||||||||||||||||||
2,806 | — | 2,806 | Van Kampen Growth and Income Fund | (e) | 38,858 | — | 38,858 | |||||||||||||||||||
673 | — | 673 | Van Kampen Mid Cap Growth Fund | (e) | 12,396 | — | 12,396 | |||||||||||||||||||
Total Domestic Equity Funds | 395,599 | 2,021,155 | 2,416,754 | |||||||||||||||||||||||
Fixed-Income Funds—6.27% | ||||||||||||||||||||||||||
— | 47,768 | 47,768 | AIM High Yield Fund | (b) | — | 164,800 | 164,800 | |||||||||||||||||||
420 | — | 420 | iShares Barclays U.S. Treasury Inflation Protected Securities Fund | (d) | 42,685 | — | 42,685 | |||||||||||||||||||
4,266 | — | 4,266 | Russell Strategic Bond Fund, Class Y | (d) | 40,530 | — | 40,530 | |||||||||||||||||||
Total Fixed-Income Funds | 83,215 | 164,800 | 248,015 | |||||||||||||||||||||||
Foreign Equity Funds—26.75% | ||||||||||||||||||||||||||
— | 8,994 | 8,994 | AIM International Core Equity Fund | (b) | — | 80,501 | 80,501 | |||||||||||||||||||
— | 10,106 | 10,106 | AIM International Growth Fund | (b) | — | 211,235 | 211,235 | |||||||||||||||||||
— | 6,077 | 6,077 | PowerShares FTSE RAFI Developed Markets ex-US Portfolio — ETF | (b) | — | 187,718 | 187,718 | |||||||||||||||||||
— | 10,050 | 10,050 | PowerShares FTSE RAFI Developed Markets ex-US Small- Mid Portfolio — ETF | (b) | — | 175,674 | 175,674 | |||||||||||||||||||
— | 12,806 | 12,806 | PowerShares International Dividend Achievers Portfolio — ETF | (b) | — | 146,501 | 146,501 | |||||||||||||||||||
6,057 | — | 6,057 | Russell Emerging Markets Fund, Class Y | (d) | 82,563 | — | 82,563 | |||||||||||||||||||
4,835 | — | 4,835 | Russell International Developed Markets Fund, Class Y | (d) | 122,287 | — | 122,287 | |||||||||||||||||||
1,429 | — | 1,429 | Van Kampen Emerging Markets Fund | (e) | 15,702 | — | 15,702 | |||||||||||||||||||
2,683 | — | 2,683 | Van Kampen International Growth Fund | (e) | 35,448 | — | 35,448 | |||||||||||||||||||
Total Foreign Equity Funds | 256,000 | 801,629 | 1,057,629 | |||||||||||||||||||||||
Real Estate Funds—6.18% | ||||||||||||||||||||||||||
— | 21,821 | 21,821 | AIM Global Real Estate Fund | (b) | — | 163,443 | 163,443 | |||||||||||||||||||
3,731 | — | 3,731 | Russell Real Estate Securities Fund, Class Y | (d) | 80,920 | — | 80,920 | |||||||||||||||||||
Total Real Estate Funds | 80,920 | 163,443 | 244,363 | |||||||||||||||||||||||
Money Market Funds—1.84% | ||||||||||||||||||||||||||
— | 36,449 | 36,449 | Liquid Assets Portfolio | (b) | — | 36,449 | 36,449 | |||||||||||||||||||
— | 36,449 | 36,449 | Premier Portfolio | (b) | — | 36,449 | 36,449 | |||||||||||||||||||
Total Money Market Funds | — | 72,898 | 72,898 | |||||||||||||||||||||||
TOTAL INVESTMENTS—102.16% (Cost $4,417,197) | 815,734 | 3,223,925 | 4,039,659 | |||||||||||||||||||||||
OTHER ASSETS LESS LIABILITIES—(2.16%) | (32,652 | ) | (52,658 | ) | (85,310 | ) | ||||||||||||||||||||
NET ASSETS—100.00% | $ | 783,082 | $ | 3,171,267 | $ | 3,954,349 | ||||||||||||||||||||
(a) | At June 30, 2009 all securities held by Van Kampen 2050 Retirement Strategy Fund do not comply with the investment objectives, strategies and restrictions of AIM Balanced-Risk Retirement 2050 Fund and as such, will be liquidated prior to the reorganization. |
(b) | The underlying fund and the Fund are affiliated by either having the same investment advisor or an investment advisor under common control with the Fund’s investment advisor. The Fund invests in Institutional Class shares of the mutual funds listed. | |
(c) | Non-income producing security. A security is determined to be non-income producing if the security has not declared a distribution in more than one year from the report date. | |
(d) | Non affiliate of the Fund, its investments advisor, or Van Kampen Asset Management (“Van Kampen”) | |
(e) | The underlying fund is an affiliate of Van Kampen. The underlying fund invests in Class I shares of the Van Kampen mutual funds listed |
Table of Contents
of Van Kampen 2050 Retirement Strategy Fund into AIM Balanced-Risk Retirement 2050 Fund
June 30, 2009
(Unaudited)
Table of Contents
Table of Contents
Table of Contents
Level 1 | — | Prices are determined using quoted prices in an active market for identical assets. |
Level 2 | — | Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others. |
Level 3 | — | Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Fund’s own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information. |
Equity Securities | ||||||||||||||||
Fund Name | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Van Kampen 2050 Retirement Strategy Fund | $ | 815,734 | $ | — | $ | — | $ | 815,734 | ||||||||
AIM Balanced-Risk Retirement 2050 Fund | 3,223,925 | — | — | 3,223,925 | ||||||||||||
AIM Balanced-Risk Retirement 2050 Fund Pro Forma Combining | $ | 4,039,659 | $ | — | $ | — | $ | 4,039,659 |
OTHER INFORMATION
Item 15. | Indemnification | |
Indemnification provisions for officers, trustees, and employees of the Registrant are set forth in Article VIII of the Registrant’s Amended and Restated Agreement and Declaration of Trust and Article VIII of its Amended and Restated Bylaws, and are hereby incorporated by reference. See Item 16(1) and (2) below. Under the Amended and Restated Agreement and Declaration of Trust effective as of September 14, 2005, as amended, (i) Trustees or officers, when acting in such capacity, shall not be personally liable for any act, omission or obligation of the Registrant or any Trustee or officer except by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his office with the Trust; (ii) every Trustee, officer, employee or agent of the Registrant shall be indemnified to the fullest extent permitted under the Delaware Statutory Trust Act, the Registrant’s Bylaws and other applicable law; (iii) in case any shareholder or former shareholder of the Registrant shall be held to be personally liable solely by reason of his being or having been a shareholder of the Registrant or any portfolio or class and not because of his acts or omissions or for some other reason, the shareholder or former shareholder (or his heirs, executors, administrators or other legal representatives, or, in the case of a corporation or other entity, its corporate or general successor) shall be entitled, out of the assets belonging to the applicable portfolio (or allocable to the applicable class), to be held harmless from and indemnified against all loss and expense arising from such liability in accordance with the Bylaws and applicable law. The Registrant, on behalf of the affected portfolio (or class), shall upon request by the shareholder, assume the defense of any such claim made against the shareholder for any act or obligation of that portfolio (or class). | ||
The Registrant and other investment companies and their respective officers and trustees are insured under a joint Mutual Fund Directors and Officers Liability Policy, issued by ICI Mutual Insurance Company and certain other domestic insurers, with limits up to $60,000,000 (plus an additional $20,000,000 limit that applies to independent directors/trustees only). | ||
Section 16 of the Master Investment Advisory Agreement between the Registrant and Invesco Advisers, Inc. (“Invesco”) provides that in the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of Invesco or any of its officers, directors or employees, that Invesco shall not be subject to liability to the Registrant or to any series of the Registrant, or to any shareholder of any series of the Registrant for any act or omission in the course of, or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security. Any liability of Invesco to any series of the Registrant shall not automatically impart liability on the part of Invesco to any other series of the Registrant. No series of the Registrant shall be liable for the obligations of any other series of the Registrant. | ||
Section 9 of the Master Intergroup Sub-Advisory Contract for Mutual Funds (the “Sub-Advisory Contract”) between Invesco Advisers, Inc., on behalf of Registrant, and each of Invesco Asset Management Deutschland GmbH, Invesco Asset Management Ltd., Invesco Asset Management (Japan) Limited, Invesco Australia Limited, Invesco Hong Kong Limited, Invesco Senior Secured Management, Inc. and Invesco Trimark Ltd. (each a “Sub-Adviser”, collectively the “Sub-Advisers”) provides that the Sub-Adviser shall not be liable for any costs or liabilities arising from any error of judgment or mistake of law or any loss suffered by any series of the Registrant or the Registrant in connection with the matters to which the Sub-Advisory Contract relates except a loss resulting from willful misfeasance, bad faith or gross negligence on the part of the Sub-Adviser in the performance by the Sub-Adviser of its duties or from reckless disregard by the Sub-Adviser of its obligations and duties under the |
C-1
Table of Contents
Sub-Advisory Contract. | ||
Insofar as indemnification for liabilities arising under the Securities Act of 1933 (the “Act”) may be permitted to trustees, officers and controlling persons of the Registrant pursuant to the foregoing provisions or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a trustee, officer or controlling person of the Registrant in connection with the successful defense of any action suit or proceeding) is asserted by such trustee, officer or controlling person in connection with the shares being registered hereby, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by final adjudication of such issue. |
Item 16. | Exhibits | |||
(1)(a) | — | (1) Amended and Restated Agreement and Declaration of Trust of Registrant, dated September 14, 2005, incorporated herein by reference to Registrant’s PEA No. 61 on Form N-1A, filed on October 28, 2005. | ||
— | (2) Amendment No. 1, dated October 27, 2005, to the Amended and Restated Agreement and Declaration of Trust of Registrant, dated September 14, 2005, incorporated herein by reference to Registrant’s PEA No. 62 on Form N-1A, filed on November 1, 2005. | |||
— | (3) Amendment No. 2, dated May 24, 2006, to the Amended and Restated Agreement and Declaration of Trust of Registrant, dated September 14, 2005, incorporated herein by reference to Registrant’s PEA No. 65 on Form N-1A, filed on November 13, 2006. | |||
— | (4) Amendment No. 3, dated July 5, 2006, to the Amended and Restated Agreement and Declaration of Trust of Registrant, dated September 14, 2005, incorporated herein by reference to Registrant’s PEA No. 65 on Form N-1A, filed on November 13, 2006. | |||
— | (5) Amendment No. 4, dated November 8, 2006, to the Amended and Restated Agreement and Declaration of Trust of Registrant, dated September 14, 2005, incorporated herein by reference to Registrant’s PEA No. 65 on Form N-1A, filed on November 13, 2006. | |||
— | (6) Corrected Amendment No. 5, dated May 1, 2008, to the Amended and Restated Agreement and Declaration of Trust of Registrant, dated September 14, 2005, incorporated herein by reference to Registrant’s PEA No. 75 on Form N-1A, filed on September 21, 2009. | |||
— | (7) Amendment No. 6, dated June 19, 2008, to the Amended and Restated Agreement and Declaration of Trust of Registrant, dated September 14, 2005, incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | |||
— | (8) Amendment No. 7, dated July 15, 2009, to the Amended and Restated Agreement and Declaration of Trust of Registrant, dated September 14, 2005, incorporated herein by reference to Registrant’s PEA 72 on Form N-1A, filed on |
C-2
Table of Contents
June 24, 2009. | ||||
— | (9) Amendment No. 8, dated November 4, 2009, to the Amended and Restated Agreement and Declaration of Trust of Registrant, dated September 14, 2005, incorporated herein by reference to Registrant’s PEA 79 on Form N-1A, filed on November 25, 2009. | |||
— | (10) Amendment No. 9, dated November 12, 2009, to the Amended and Restated Agreement and Declaration of Trust of Registrant, dated September 14, 2005, incorporated herein by reference to Registrant’s PEA 79 on Form N-1A, filed on November 25, 2009 | |||
— | (11) Amendment No. 10, dated December 2, 2009, to the Amended and Restated Agreement and Declaration of Trust of Registrant, dated September 14, 2005, incorporated herein by reference to Registrant’s PEA 80 on Form N-1A, filed on December 11, 2009. | |||
(2)(a) | — | (1) Amended and Restated Bylaws of Registrant, adopted effective September 14, 2005, incorporated herein by reference to Registrant’s PEA No. 61 on Form N-1A, filed on October 28, 2005. | ||
— | (2) Amendment No. 1, dated August 1, 2006, to the Amended and Restated Bylaws of Registrant, adopted effective September 14, 2005, incorporated herein by reference to Registrant’s PEA No. 65 on Form N-1A, filed on November 13, 2006. | |||
— | (3) Amendment No. 2, dated March 23, 2007, to the Amended and Restated Bylaws of Registrant, adopted effective September 14, 2005, incorporated herein by reference to Registrant’s PEA No. 66 on Form N-1A, filed on April 26, 2007. | |||
— | (4) Amendment No. 3, dated January 1, 2008, to the Amended and Restated Bylaws of Registrant, adopted effective September 14, 2005, incorporated herein by reference to Registrant’s PEA No. 67 on Form N-1A, filed on February 11, 2008. | |||
(3) | — | Voting Trust Agreements — None | ||
(4) | — | Form of Agreement and Plan of Reorganization by and among the Registrant, on behalf of certain series portfolios, is attached to the Proxy Statement Prospectus contained in this Registration Statement. | ||
(5) | — | Articles II, VI, VII, VIII and IX of Registrant’s Amended and Restated Agreement and Declaration of Trust, as amended, and Articles IV, V and VI of the Amended and Restated Bylaws, define rights of holders of shares. | ||
(6)(a) | — | (1) Master Investment Advisory Agreement, dated June 5, 2000, between the Registrant and A I M Advisors, Inc., incorporated herein by reference to Registrant’s PEA No. 49 on Form N-1A, filed on April 24, 2001. | ||
— | (2) Amendment No. 1, dated September 11, 2000, to the Master Investment Advisory Agreement, dated June 5, 2000, between the Registrant and A I M Advisors, Inc., incorporated herein by reference to Registrant’s PEA No. 49 on Form N-1A, filed on April 24, 2001. | |||
— | (3) Amendment No. 2, dated September 1, 2001, to the Master Investment |
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Advisory Agreement, dated June 5, 2000, between the Registrant and A I M Advisors, Inc., incorporated herein by reference to Registrant’s PEA No. 51 on Form N-1A, filed on April 26, 2002. | ||||
— | (4) Amendment No. 3, dated July 1, 2002, to the Master Investment Advisory Agreement, dated June 5, 2000, between the Registrant and A I M Advisors, Inc., incorporated herein by reference to Registrant’s PEA No. 53 on Form N-1A, filed on April 24, 2003. | |||
— | (5) Amendment No. 4, dated September 23, 2002, to the Master Investment Advisory Agreement, dated June 5, 2000, between the Registrant and A I M Advisors, Inc., incorporated herein by reference to Registrant’s PEA No. 53 on Form N-1A, filed on April 24, 2003. | |||
— | (6) Amendment No. 5, dated November 4, 2003, to the Master Investment Advisory Agreement, dated June 5, 2000, between the Registrant and A I M Advisors, Inc., incorporated herein by reference to Registrant’s PEA No. 55 on Form N-1A, filed on February 13, 2004. | |||
— | (7) Amendment No. 6, dated March 31, 2004, to the Master Investment Advisory Agreement, dated June 5, 2000, between the Registrant and A I M Advisors, Inc., incorporated herein by reference to Registrant’s PEA No. 56 on Form N-1A, filed on April 30, 2004. | |||
— | (8) Amendment No. 7, dated April 30, 2004, to the Master Investment Advisory Agreement, dated June 5, 2000, between the Registrant and A I M Advisors, Inc., incorporated herein by reference to Registrant’s PEA No. 56 on Form N-1A, filed on April 30, 2004. | |||
— | (9) Amendment No. 8, dated April 29, 2005, to the Master Investment Advisory Agreement, dated June 5, 2000, between Registrant and A I M Advisors, Inc., incorporated herein by reference to Registrant’s PEA No. 59 on Form N-1A, filed on August 11, 2005. | |||
— | (10) Amendment No. 9, dated October 31, 2005, to the Master Investment Advisory Agreement, dated June 5, 2000, between Registrant and A I M Advisors, Inc., incorporated herein by reference to Registrant’s PEA No. 62 on Form N-1A, filed on November 1, 2005. | |||
— | (11) Amendment No. 10, dated January 31, 2007, to the Master Investment Advisory Agreement, dated June 5, 2000, between Registrant and A I M Advisors, Inc., incorporated herein by reference to Registrant’s PEA No. 66 on Form N-1A, filed on April 26, 2007. | |||
— | (12) Amendment No. 11, dated July 1, 2007, to the Master Investment Advisory Agreement, dated June 5, 2000, between Registrant and A I M Advisors, Inc., incorporated herein by reference to Registrant’s PEA No. 67 on Form N-1A, filed on February 11, 2008. | |||
— | (13) Amendment No. 12, dated August 31, 2009, to the Master Investment Advisory Agreement, dated June 5, 2000, between Registrant and Invesco Aim Advisors, Inc., formerly A I M Advisors, Inc., incorporated herein by reference to Registrant’s PEA No. 71 on Form N-1A, filed on June 25, 2009. | |||
— | (14) Form of Amendment No. [ ], dated [ ], the the Master Investment Advisory |
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Agreement, dated June 5, 2000, between Registrant and Invesco Advisers, Inc., successor by merger to Invesco Aim Advisors, Inc., will be filed by Post-Effective Amendment. | ||||
b | — | (1) Master Intergroup Sub-Advisory Contract for Mutual Funds, dated May 1, 2008 between Invesco Aim Advisors, Inc. on behalf of Registrant, and each of, Invesco Asset Management Deutschland GmbH, Invesco Asset Management Ltd., Invesco Asset Management (Japan) Limited, Invesco Australia Limited, Invesco Global Asset Management (N.A.), Inc., Invesco Hong Kong Limited, Invesco Institutional (N.A.), Inc., Invesco Senior Secured Management, Inc. and AIM Funds Management Inc. (now known as Invesco Trimark Ltd., incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | ||
— | (2) Form of Amendment No. [ ], dated [ ]. to Master Intergroup Sub-Advisory Contract for Mutual Funds between Invesco Advisers, Inc., successor by merger to Invesco Advisers, Inc., on behalf of Registrant, and each of Invesco Asset Management Deutschland GmbH, Invesco Asset Management Ltd., Invesco Asset Management (Japan) Limited, Invesco Australia Limited, Invesco Hong Kong Limited, Invesco Senior Secured Management, Inc. and Invesco Trimark Ltd will be filed by Post-Effective Amendment. | |||
c | — | Form of Temporary Sub-Advisory Agreement between Invesco Advisers, Inc. and Morgan Stanley Investment Management and affiliates will be filed by Post-Effective Amendment. | ||
(7)(a) | — | (1) First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (all classes of shares except Class B shares) and A I M Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 65 on Form N-1A, filed on November 13, 2006. | ||
— | (2) Amendment No. 1, dated December 8, 2006, to the First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (all classes of shares except Class B shares) and A I M Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 66 on Form N-1A, filed on April 26, 2007. | |||
— | (3) Amendment No. 2, dated January 31, 2007, to the First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (all classes of shares except Class B shares) and A I M Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 66 on Form N-1A, filed on April 26, 2007. | |||
— | (4) Amendment No. 3, dated February 28, 2007, to the First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (all classes of shares except Class B shares) and A I M Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 66 on Form N-1A, filed on April 26, 2007. | |||
— | (5) Amendment No. 4, dated March 9, 2007, to the First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (all classes of shares except Class B shares) and A I M Distributors, Inc., incorporated herein by |
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reference to Registrant’s PEA No. 66 on Form N-1A, filed on April 26, 2007. | ||||
— | (6) Amendment No. 5, dated April 23, 2007, to the First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (all classes of shares except Class B shares) and A I M Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 67 on Form N-1A, filed on February 11, 2008. | |||
— | (7) Amendment No. 6, dated September 28, 2007, to the First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (all classes of shares except Class B shares) and A I M Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 67 on Form N-1A, filed on February 11, 2008. | |||
— | (8) Amendment No. 7, dated December 20, 2007, to the First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (all classes of shares except Class B shares) and A I M Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 67 on Form N-1A, filed on February 11, 2008. | |||
— | (9) Amendment No. 8, dated April 28, 2008, to the First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (all classes of shares except Class B shares) and Invesco Aim Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | |||
— | (10) Amendment No. 9, dated April 30, 2008, to the First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (all classes of shares except Class B shares) and Invesco Aim Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | |||
— | (11) Amendment No. 10, dated May 1, 2008, to the First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (all classes of shares except Class B shares) and Invesco Aim Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | |||
— | (12) Amendment No. 11, dated July 24, 2008, to the First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (all classes of shares except Class B shares) and Invesco Aim Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | |||
— | (13) Amendment No. 12, dated October 3, 2008, to the First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (all classes of shares except Class B shares) and Invesco Aim Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 70 on Form N-1A, filed on April 28, 2009. |
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— | (14) Amendment No. 13, dated May 29, 2009, to the First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (all classes of shares except Class B shares) and Invesco Aim Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 71 on Form N-1A, filed on June 25, 2009. | |||
— | (15) Amendment No. 14, dated June 2, 2009, to the First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (all classes of shares except Class B shares) and Invesco Aim Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 71 on Form N-1A, filed on June 25, 2009. | |||
— | (16) Amendment No. 15, dated July 14, 2009, to the First Restated Master Distribution Agreement (all classes of shares except Class B shares), incorporated herein by reference to Registrant’s PEA No. 72 on Form N-1A, filed on July 24, 2009. | |||
— | (17) Amendment No. 16, dated September 25, 2009, to the First Restated Master Distribution Agreement (all classes of shares except Class B shares), incorporated herein by reference to Registrant’s PEA No. 77 on Form N-1A, filed on September 24, 2009. | |||
— | (18) Form of Amendment No. [ ], dated [ ], to the First Restated Master Distribution Agreement (all classes of shares except Class B and Class B5 shares), will be filed by Post-Effective Amendment. | |||
(b) | — | (1) First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (Class B Shares) and A I M Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 65 on Form N-1A, filed on November 13, 2006. | ||
— | (2) Amendment No. 1, dated January 31, 2007, to the First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (Class B Shares) and A I M Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 66 on Form N-1A, filed on April 26, 2007. | |||
— | (3) Amendment No. 2, dated February 28, 2007, to the First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (Class B Shares) and A I M Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 66 on Form N-1A, filed on April 26, 2007. | |||
— | (4) Amendment No. 3, dated March 9, 2007, to the First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (Class B Shares) and A I M Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 66 on Form N-1A, filed on April 26, 2007. | |||
— | (5) Amendment No. 4, dated April 23, 2007, to the First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (Class B Shares) |
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and A I M Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 67 on Form N-1A, filed on February 11, 2008. | ||||
— | (6) Amendment No. 5, dated April 30, 2008, to the First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (Class B shares) and Invesco Aim Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | |||
— | (7) Amendment No. 6, dated May 1, 2008, to the First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (Class B shares) and Invesco Aim Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | |||
— | (8) Amendment No. 7, dated July 24, 2008, to the First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (Class B shares) and Invesco Aim Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | |||
— | (9) Amendment No. 8, dated May 29, 2009, to the First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (Class B shares) and Invesco Aim Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 71 on Form N-1A, filed on June 25, 2009. | |||
— | (10) Amendment No. 9, dated June 2, 2009, to the First Restated Master Distribution Agreement, made as of August 18, 2003, as subsequently amended, and as restated September 20, 2006, by and between Registrant (Class B shares) and Invesco Aim Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 71 on Form N-1A, filed on June 25, 2009. | |||
— | (11) Form of Amendment No. [ ], dated [ ], to the First Restated Master Distribution Agreement (Class B and Class B5 shares), will be filed by Post-Effective Amendment. | |||
(c) | — | Form of Selected Dealer Agreement for Investment Companies Managed by Invesco Aim Distributors, Inc., incorporated herein by reference to Registrant’s PEA No. 70 on Form N-1A, filed on April 28, 2009. | ||
(d) | — | Form of Bank Selling Group Agreement between Invesco Aim Distributors, Inc. and banks, incorporated herein by reference to Registrant’s PEA No. 70 on Form N-1A, filed on April 28, 2009. | ||
(8) (a) | — | Form of AIM Funds Retirement Plan for Eligible Directors/Trustees, as restated January 1, 2008, incorporated herein by reference to Registrant’s PEA No. 70 on Form N-1A, filed on April 28, 2009. | ||
(b) | — | Form of AIM Funds Trustee Deferred Compensation Agreement, as amended January 1, 2008, incorporated herein by reference to Registrant’s PEA No. 70 on Form N-1A, filed on April 28, 2009. | ||
(9)(a) | — | (1) Master Custodian Contract, dated May 1, 2000, between State Street Bank and Trust Company and Registrant, incorporated herein by reference to |
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Registrant’s PEA No. 49 on Form N-1A, filed on April 24, 2001. | ||||
— | (2) Amendment No. 1, dated May 1, 2000, to Master Custodian Contract, dated May 1, 2000, between State Street Bank and Trust Company and Registrant, incorporated herein by reference to Registrant’s PEA No. 49 on Form N-1A, filed on April 24, 2001. | |||
— | (3) Amendment, dated June 29, 2001, to Master Custodian Contract, dated May 1, 2000, between State Street Bank and Trust Company and Registrant, incorporated herein by reference to Registrant’s PEA No. 50 on Form N-1A, filed on December 28, 2001. | |||
— | (4) Amendment, dated April 2, 2002, to the Master Custodian Contract, dated May 1, 2000, between State Street Bank and Trust Company and Registrant, incorporated herein by reference to Registrant’s PEA No. 51 on Form N-1A, filed on April 26, 2002. | |||
— | (5) Amendment, dated September 8, 2004, to the Master Custodian Contract, dated May 1, 2000, between State Street Bank and Trust Company and Registrant, incorporated herein by reference to Registrant’s PEA No. 57 on Form N-1A, filed on February 11, 2005. | |||
— | (6) Amendment, dated February 8, 2006, to the Master Custodian Contract, dated May 1, 2000, between State Street Bank and Trust Company and Registrant, incorporated herein by reference to Registrant’s PEA No. 63 on Form N-1A, filed on February 23, 2006. | |||
— | (7) Amendment, dated January 31, 2007, to the Master Custodian Contract, dated May 1, 2000, between State Street Bank and Trust Company and Registrant, incorporated herein by reference to Registrant’s PEA No. 66 on Form N-1A, filed on April 26, 2007. | |||
(b) | — | Form of Master Custodian Agreement between Registrant and JP Morgan will be filed by Post-Effective Amendment. | ||
(c) | — | Subcustodian Agreement, dated January 20, 1993, between State Street Bank and Trust Company and The Bank of New York, incorporated herein by reference to Registrant’s PEA No. 50 on Form N-1A, filed on December 28, 2001. | ||
(d) | — | Foreign Assets Delegation Agreement, dated November 6, 2006, between Registrant and A I M Advisors, Inc., incorporated herein by reference to Registrant’s PEA No. 67 on Form N-1A, filed on February 11, 2008. | ||
(10)(a) | — | (1) First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class A Shares), incorporated herein by reference to Registrant’s PEA No. 65 on Form N-1A, filed on November 13, 2006. | ||
— | (2) Amendment No. 1, dated January 31, 2007, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class A Shares), incorporated herein by reference to Registrant’s PEA No. 66 on Form N-1A, filed on April 26, 2007. | |||
— | (3) Amendment No. 2, dated February 28, 2007, to the First Restated Master |
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Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class A Shares), incorporated herein by reference to Registrant’s PEA No. 66 on Form N-1A, filed on April 26, 2007. | ||||
— | (4) Amendment No. 3, dated March 9, 2007, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class A Shares), incorporated herein by reference to Registrant’s PEA No. 66 on Form N-1A, filed on April 26, 2007. | |||
— | (5) Amendment No. 4, dated April 23, 2007, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class A Shares), incorporated herein by reference to Registrant’s PEA No. 67 on Form N-1A, filed on February 11, 2008. | |||
— | (6) Amendment No. 5, dated April 30, 2008, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class A shares), incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | |||
— | (7) Amendment No. 6, dated May 1, 2008, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class A shares), incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | |||
— | (8) Amendment No. 7, dated July 24, 2008, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class A shares), incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | |||
— | (9) Amendment No. 8, dated May 29, 2009, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class A shares), incorporated herein by reference to Registrant’s PEA No. 71 on Form N-1A, filed on June 25, 2009. | |||
— | (10) Amendment No. 9, dated June 2, 2009, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class A shares), incorporated herein by reference to Registrant’s PEA No. 71 on Form N-1A, filed on June 25, 2009. | |||
— | (11) Amendment No. 10, dated July 1, 2009, to the First Restated Master Distribution Plan (Class A shares), incorporated herein by reference to Registrant’s PEA No. 75 on Form N-1A, filed on September 21, 2009. | |||
(b) | — | (1) First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class B Shares) (Securitization Feature), incorporated herein by reference to Registrant’s PEA No. 65 on Form N-1A, filed on November 13, 2006. | ||
— | (2) Amendment No. 1, dated January 31, 2007, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class B Shares)(Securitization Feature), incorporated herein by reference to Registrant’s PEA No. 66 on Form N-1A, filed on April 26, 2007. |
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— | (3) Amendment No. 2, dated February 28, 2007, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class B Shares)(Securitization Feature), incorporated herein by reference to Registrant’s PEA No. 66 on Form N-1A, filed on April 26, 2007. | |||
— | (4) Amendment No. 3, dated March 9, 2007, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class B Shares)(Securitization Feature), incorporated herein by reference to Registrant’s PEA No. 66 on Form N-1A, filed on April 26, 2007. | |||
— | (5) Amendment No. 4, dated April 23, 2007, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class B Shares) (Securitization Feature), incorporated herein by reference to Registrant’s PEA No. 67 on Form N-1A, filed on February 11, 2008. | |||
— | (6) Amendment No. 5, dated April 30, 2008, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class B shares) (Securitization Feature), incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | |||
— | (7) Amendment No. 6, dated May 1, 2008, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class B shares) (Securitization Feature), incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | |||
— | (8) Amendment No. 7, dated July 24, 2008, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class B shares) (Securitization Feature), incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | |||
— | (9) Amendment No. 8, dated May 29, 2009, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class B shares) (Securitization Feature), incorporated herein by reference to Registrant’s PEA No. 71 on Form N-1A, filed on June 25, 2009. | |||
— | (10) Amendment No. 9, dated June 2, 2009, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class B shares) (Securitization Feature), incorporated herein by reference to Registrant’s PEA No. 71 on Form N-1A, filed on June 25, 2009. | |||
— | (11) Amendment No. 10, dated July 1, 2009, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class B shares) (Securitization Feature), incorporated herein by reference to Registrant’s PEA No. 75 on Form N-1A, filed on September 21, 2009. |
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(c) | — | (1) First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class C Shares), incorporated herein by reference to Registrant’s PEA No. 65 on Form N-1A, filed on November 13, 2006. | ||
— | (2) Amendment No. 1, dated January 31, 2007, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class C Shares), incorporated herein by reference to Registrant’s PEA No. 66 on Form N-1A, filed on April 26, 2007. | |||
— | (3) Amendment No. 2, dated February 28, 2007, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class C Shares), incorporated herein by reference to Registrant’s PEA No. 66 on Form N-1A, filed on April 26, 2007. | |||
— | (4) Amendment No. 3, dated March 9, 2007, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class C Shares), incorporated herein by reference to Registrant’s PEA No. 66 on Form N-1A, filed on April 26, 2007. | |||
— | (5) Amendment No. 4, dated April 23, 2007, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class C Shares), incorporated herein by reference to Registrant’s PEA No. 67 on Form N-1A, filed on February 11, 2008. | |||
— | (6) Amendment No. 5, dated April 30, 2008, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class C shares), incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | |||
— | (7) Amendment No. 6, dated May 1, 2008, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class C shares), incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | |||
— | (8) Amendment No. 7, dated July 24, 2008, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class C shares), incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | |||
— | (9) Amendment No. 8, dated May 29, 2009, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class C shares), incorporated herein by reference to Registrant’s PEA No. 71 on Form N-1A, filed on June 25, 2009. | |||
— | (10) Amendment No. 9, dated June 2, 2009, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class C shares), incorporated herein by reference to Registrant’s PEA No. 71 on Form N-1A, filed on June 25, 2009. | |||
— | (11) Amendment No. 10, dated July 1, 2009, to the Registrant’s First Restated Master Distribution Plan (Class C shares) incorporated herein by reference to Registrant’s PEA No. 75 on Form N-1A, filed on September 21, 2009. |
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(d) | — | (1) First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class R Shares), incorporated herein by reference to Registrant’s PEA No. 65 on Form N-1A, filed on November 13, 2006. | ||
— | (2) Amendment No. 1, dated January 31, 2007, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class R Shares), incorporated herein by reference to Registrant’s PEA No. 66 on Form N-1A, filed on April 26, 2007. | |||
— | (3) Amendment No. 2, dated February 28, 2007, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class R Shares), incorporated herein by reference to Registrant’s PEA No. 66 on Form N-1A, filed on April 26, 2007. | |||
— | (4) Amendment No. 3, dated April 30, 2008, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class R shares), incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | |||
— | (5) Amendment No. 4, dated May 29, 2009, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class R shares), incorporated herein by reference to Registrant’s PEA No. 71 on Form N-1A, filed on June 25, 2009. | |||
— | (6) Amendment No. 5, dated June 2, 2009, to the First Restated Master Distribution Plan, effective as of August 18, 2003, as subsequently amended, and as restated September 20, 2006 (Class R shares), incorporated herein by reference to Registrant’s PEA No. 71 on Form N-1A, filed on June 25, 2009. | |||
— | (7) Amendment No. 6, dated July 1, 2009, to the Registrant’s First Restated Master Distribution Plan (Class R shares) incorporated herein by reference to Registrant’s PEA No. 75 on Form N-1A, filed on September 21, 2009. | |||
(e) | — | (1) First Restated Master Distribution Plan, effective as of July 1, 2004, as subsequently amended, and as restated September 20, 2006 (Reimbursement) (Investor Class Shares), incorporated herein by reference to Registrant’s PEA No. 65 on Form N-1A, filed on November 13, 2006. | ||
— | (2) Amendment No. 1, dated April 30, 2008, to the First Restated Master Distribution Plan, effective as of July 1, 2004, as subsequently amended, and as restated September 20, 2006 (Reimbursement) (Investor Class Shares), incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | |||
(f) | — | Form of Master Distribution Plan (Class A, Class B, and Class C Shares)(Reimbursement) for certain Invesco Funds, will be filed by Post-Effective Amendment. | ||
(g) | — | Form of Master Distribution Plan (Class R Shares)(Reimbursement) for certain Invesco Funds, will be filed by Post-Effective Amendment. | ||
(h) | — | Form of Master Distribution Plan (Class A, Class A5, Class B, Class B5, Class C, Class C5, Class R and Class R5 Shares)(Reimbursement) for certain AIM and |
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Van Kampen Funds, will be filed by Post-Effective Amendment. | ||||
(i) | — | Master Related Agreement to First Restated Master Distribution Plan (Class A Shares), incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | ||
(j) | — | Master Related Agreement to First Restated Master Distribution Plan (Class C Shares), incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | ||
(k) | — | Master Related Agreement to First Restated Master Distribution Plan (Class R Shares), incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | ||
(l) | — | Master Related Agreement to First Restated Master Distribution Plan (Reimbursement) (Investor Class Shares), incorporated herein by reference to Registrant’s PEA No. 69 on Form N-1A, filed on September 23, 2008. | ||
(m) | — | Form of Service Plan (Class R Shares)(Reimbursement) for certain Invesco Funds, will be filed by Post-Effective Amendment. | ||
(n) | — | Form of Service Plan (Class A, Class A5, Class B, Class B5, Class C, Class C5, Class R and Class R5 Shares)(Reimbursement) for certain AIM and Van Kampen Funds will be filed by Post-Effective Amendment. | ||
(11) | — | Opinion and Consent of Stradley Ronon Stevens & Young, LLP, as to the legality of the securities being issued, is filed herewith. | ||
(12) | — | Opinion of Stradley Ronon Stevens & Young, LLP, supporting the tax matters and consequences to shareholders will be filed by Post-Effective Amendment. | ||
(13) (a) | — | (1) Third Amended and Restated Transfer Agency and Service Agreement, dated July 1, 2006, between Registrant and AIM Investment Services, Inc., incorporated herein by reference to Registrant’s PEA No. 65 on Form N-1A, filed on November 13, 2006. | ||
— | (2) Amendment No. 1, dated July 1, 2007, to the Third Amended and Restated Transfer Agency and Service Agreement, dated July 1, 2006, between Registrant and AIM Investment Services, Inc., incorporated herein by reference to Registrant’s PEA No. 67 on Form N-1A, filed on February 11, 2008. | |||
— | (3) Amendment No. 2, dated October 3, 2008, to the Third Amended and Restated Transfer Agency and Service Agreement, dated July 1, 2006, between Registrant and Invesco Aim Investment Services, Inc., incorporated herein by reference to Registrant’s PEA No. 70 on Form N-1A, filed on April 28, 2009. | |||
— | (4) Amendment No. 3, dated July 1, 2009, to the Third Amended and Restated Transfer Agency and Service Agreement, dated July 1, 2006, between Registrant and Invesco Aim Investment Services, Inc., incorporated herein by reference to Registrant’s PEA No. 75 on Form N-1A, filed on September 21, 2009. |
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— | (5) Amendment No. 4, dated September 25, 2009, to the Third Amended and Restated Transfer Agency and Service Agreement, dated July 1, 2006, between Registrant and Invesco Aim Investment Services, Inc., incorporated herein by reference to Registrant’s PEA No. 77 on Form N-1A, filed on September 24, 2009. | |||
— | (6) Form of Amendment No. [ ], dated [ ], the to the Third Amended and Restated Transfer Agency and Service Agreement, dated July 1, 2006, between Registrant and Invesco Aim Investment Services, Inc., will be filed by Post-Effective Amendment. | |||
(b) | — | (1) Second Amended and Restated Master Administrative Services Agreement, dated July 1, 2006, between Registrant and A I M Advisors, Inc., incorporated herein by reference to Registrant’s PEA No. 65 on Form N-1A, filed on November 13, 2006. | ||
— | (2) Amendment No. 1, dated January 31, 2007, to the Second Amended and Restated Master Administrative Services Agreement, dated July 1, 2006, between Registrant and A I M Advisors, Inc., incorporated herein by reference to Registrant’s PEA No. 66 on Form N-1A, filed on April 26, 2007. | |||
— | (3) Amendment No. 2, dated August 31, 2009, to the Second Amended and Restated Master Administrative Services Agreement, dated July 1, 2006, between Registrant and Invesco Aim Advisors, Inc., formerly A I M Advisors, Inc., incorporated herein by reference to Registrant’s PEA No. 71 on Form N-1A, filed on June 25, 2009. | |||
— | (4) Form of Amendment No. [ ], dated [ ], to the Second Amended and Restated Master Administrative Services Agreement, dated July 1, 2006, between Registrant and Invesco Advisers, Inc., successor by merger to Invesco Aim Advisors, Inc., will be filed by Post-Effective Amendment. | |||
(c) | — | Fourth Amended and Restated Memorandum of Agreement, regarding securities lending waiver, dated May 29, 2009, between Registrant and Invesco Aim Advisors, Inc.(1) | ||
(d) | — | Memorandum of Agreement, regarding expense limitations, dated July 14, 2009, between Registrant and Invesco Aim Advisors, Inc., incorporated herein by reference to Registrant’s PEA No. 72 on Form N-1A, filed on July 24, 2009. | ||
(e) | — | Memorandum of Agreement, regarding advisory fee waivers and affiliated money market fee waivers, dated July 1, 2009, between Registrant and Invesco Aim Advisors, Inc., Incorporated herein by reference to Registrant’s PEA No. 72 on Form N-1A, filed on July 24, 2009. | ||
(f) | — | Third Amended and Restated Interfund Loan Agreement, dated December 30, 2005, between Registrant and A I M Advisors, Inc., incorporated herein by reference to Registrant’s PEA No. 65 on Form N-1A, filed on November 13, 2006. | ||
(g) | — | Fifteenth Amended and Restated Multiple Class Plan of The AIM Family of Funds® effective December 12, 2001, as amended and restated effective October 3, 2008, incorporated herein by reference to Registrant’s PEA No. 77 on Form N-1A, filed on September 24, 2009. | ||
(14)(a) | — | Consent of PricewaterhouseCoopers LLP is filed herewith. |
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(b) | — | Consent of Deloitte & Touche LLP is filed herewith. | ||
(15) | — | Omitted Financial Statements — None. | ||
(16)(a) | — | Powers of Attorney for Baker, Bayley, Bunch, Crockett, Dowden, Fields, Flanagan, Frischling, Mathai-Davis, Pennock, Soll, Stickel and Taylor is filed herewith. | ||
(b) | — | Power of Attorney for Mr. Frischling is filed herewith. | ||
(17) | — | Form of Proxy Cards relating to the Special Meeting of Shareholders is filed herewith. |
(1) | Incorporated by reference to initial registration on Form N-14 file no. 333-160281. |
Item 17. | Undertakings | |||
(1) | The undersigned Registrant agrees that prior to any public reoffering of the securities registered through the use of a prospectus which is a part of this registration statement by any person or party who is deemed to be an underwriter within the meaning of Rule 145(c) of the Securities Act [17 CRF 230.145C], the reoffering prospectus will contain the information called for by the applicable registration form for the reofferings by persons who may be deemed underwriters, in addition to the information called for by the other items of the applicable form. | |||
(2) | The undersigned Registrant agrees that every prospectus that is filled under paragraph (1) above will be filed as a part of an amendment to the registration statement and will not be used until the amendment is effective, and that, in determining any liability under the 1933 Act, each post-effective amendment shall be deemed to be a new registration statement for the securities offered therein, and the offering of the securities at that time shall be deemed to be the initial bona fide offering of them. | |||
(3) | The undersigned Registrant undertakes to file an opinion of counsel supporting the tax matters and consequences to shareholders discussed in the prospectus will be filed by Post Effective Amendment. |
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Registrant: AIM GROWTH SERIES | ||||
By: | /s/ Philip A. Taylor | |||
Philip A. Taylor, President | ||||
SIGNATURES | TITLE | DATE | ||
/s/ Philip A. Taylor | Trustee & President (Principal Executive Officer) | January 11, 2010 | ||
/s/ Bob R. Baker* | Trustee | January 11, 2010 | ||
/s/ Frank S. Bayley* | Trustee | January 11, 2010 | ||
/s/ James T. Bunch* | Trustee | January 11, 2010 | ||
/s/ Bruce L. Crockett* | Chair & Trustee | January 11, 2010 | ||
/s/ Albert R. Dowden* | Trustee | January 11, 2010 | ||
/s/ Jack M. Fields* | Trustee | January 11, 2010 | ||
/s/ Martin L. Flanagan* | Trustee | January 11, 2010 | ||
/s/ Carl Frischling* | Trustee | January 11, 2010 | ||
/s/ Prema Mathai-Davis* | Trustee | January 11, 2010 | ||
/s/ Lewis F. Pennock* | Trustee | January 11, 2010 | ||
/s/ Larry Soll* | Trustee | January 11, 2010 | ||
/s/ Raymond Stickel, Jr.* | Trustee | January 11, 2010 |
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SIGNATURES DATE | TITLE | DATE | ||
/s/ Sheri Morris | Vice President & Treasurer (Principal Financial and Accounting Officer) | January 11, 2010 |
By | /s/ Philip A. Taylor | January 11, 2010 | ||
Philip A. Taylor | ||||
Attorney-in-Fact |
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Exhibit | ||
Number | Description | |
11 | Opinion and Consent of Stradley Ronon Stevens & Young, LLP, as to the legality of the securities being registered | |
14(a) | Consent of PricewaterhouseCoopers LLP | |
14(b) | Consent of Deloitte & Touche LLP | |
16(a) | Powers of Attorney for Baker, Bayley, Bunch, Crockett, Dowden, Fields, Flanagan, Mathai-Davis, Pennock, Soll, Stickel and Taylor | |
16(b) | Power of Attorney for Mr. Frischling | |
17 | Form of Proxy Cards |