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AIM Investments announced today that it has made several important
enhancements to The AIM College Savings Plan. The changes, which take
effect today, include new allocation investment options and lower
expenses.
The plan’s new investment options –
including five allocation portfolios with allocations that range from
conservative to growth, and five enrollment-based portfolios that range
from 13+ Years to College to College Now –
invest in the AIM Allocation Solutions funds.
“These investment enhancements are based on
the timeless principle of asset allocation – a
strategy that seeks to balance risk and reward by spreading investments
across several types of asset classes such as stocks and bonds,”
said Gary Wendler, AIM’s director of Product
Strategy and Investment Services.
“We researched AIM’s
broad range of mutual funds to determine which funds best represented
each asset class within the five portfolios. These portfolios each
invest in nine to 11 underlying funds, all actively managed by teams of
experienced portfolio managers.”
AIM also has modified the annual account fee structure to include new
options for fee waivers. There is no annual account fee when
contributions are made through an automatic investment plan or an
account balance of at least $25,000.
The new investment portfolios, and the underlying Allocation Fund in
which the new portfolios invest:
New Investment Portfolio
Underlying Allocation Fund
Allocation Portfolios
AIM Growth Allocation Fund 529 Portfolio
AIM Growth Allocation Fund
AIM Moderate Growth Allocation Fund 529 Portfolio
AIM Moderate Growth Allocation Fund
AIM Moderate Allocation Fund 529 Portfolio
AIM Moderate Allocation Fund
AIM Moderately Conservative Allocation Fund 529 Portfolio
AIM Moderately Conservative Allocation Fund
AIM Conservative Allocation Fund 529 Portfolio
AIM Conservative Allocation Fund
Enrollment-Based Portfolios
13+ Years to College Portfolio
AIM Growth Allocation Fund
7-12 Years to College Portfolio
AIM Moderate Growth Allocation Fund
4-6 Years to College Portfolio
AIM Moderate Allocation Fund
1-3 Years to College Portfolio
AIM Moderately Conservative Allocation Fund
College Now Portfolio
AIM Conservative Allocation Fund
Individual Fund Portfolio
AIM Money Market Fund 529 Portfolio
AIM Money Market Fund
Important Information about The AIM College Savings Plan
The AIM College Savings Plan is sponsored by the State of Nebraska and
administered by the Nebraska State Treasurer. The AIM College Savings
Plan offers a series of investment portfolios within the Nebraska
Educational Savings Plan Trust (plan issuer), which offers other
investment portfolios not affiliated with The AIM College Savings Plan.
The AIM College Savings Plan is intended to operate as a qualified
tuition program, pursuant to section 529 of the U.S. Internal Revenue
Code.
The Nebraska State Treasurer serves as trustee of The AIM College
Savings Plan; A I M Capital Management, Inc. serves as the investment
manager, with the oversight of the Nebraska Investment Council; A I M
Distributors, Inc. serves as the distributor; and AIM Investment
Services, Inc. serves as the servicing agent. Union Bank & Trust Company
serves as program manager.
State and local tax laws vary. Before investing, non-Nebraska
residents should consider the state tax and other benefits that may only
be available for investments in a qualified tuition program offered by
the home state of the investor or designated beneficiary.
An investment in AIM Money Market Fund 529 Portfolio is not insured
by the Federal Deposit Insurance Corp. or any other government
agency. Although the portfolio seeks to preserve the value of your
investment at $1 per share, it is possible to lose money by investing in
the portfolio.
Investors in the plan do not hold shares of the underlying AIM Funds
directly, but rather shares in a portfolio of the plan.
There are risks associated with investing in The AIM College Savings
Plan. Please obtain an Enrollment Handbook for details regarding those
risks.”
About AIM Investments
AIM Investments is dedicated to building solutions for its clients with
exceptional products and services through multiple investment management
styles and a broad range of investment portfolios –
mutual funds, exchange-traded funds, retirement products, separately
managed accounts for high-net-worth and institutional investors,
annuities, cash management, college savings plans and offshore products.
For more information, visit www.aiminvestments.com.
AIM Investments had approximately $149 billion in assets under
management as of Feb. 28, 2007. AIM Investments is a service mark of A I
M Management Group Inc. A I M Advisors, Inc., A I M Capital Management,
Inc., and AIM Private Asset Management, Inc. are the investment advisors
for the products and services represented by AIM Investments. A I M
Distributors, Inc. is the distributor for the retail mutual funds and
Fund Management Company is the distributor for the institutional money
market funds represented by AIM Investments.
About AMVESCAP
AMVESCAP is a leading independent global investment manager, dedicated
to helping people worldwide build their financial security. Operating
under the AIM, AIM Trimark, Atlantic Trust, INVESCO, Invesco Perpetual,
PowerShares and WL Ross & Co. brands, AMVESCAP strives to deliver
outstanding products and services through a comprehensive array of
enduring investment solutions for our retail, institutional and private
wealth management clients around the world. The company, which had
approximately $465 billion in assets under management as of Feb. 28,
2007, is listed on the London, New York and Toronto stock exchanges with
the symbol “AVZ.”
Additional information is available at www.amvescap.com.
Note to editors -- We are required to include the following
information with our news release:
Consider the investment objectives, risks, and charges and expenses
carefully before investing. For this and other information about The AIM
College Savings Plan®,
please obtain an Enrollment Handbook and Participation Agreement from
your financial advisor and read it carefully before investing. Accounts
in The AIM College Savings Plan are distributed through A I M
Distributors, Inc.
A I M Distributors, Inc.