Enhanced Investment Options Added to The AIM College Savings Plan(R)
March 26 2007 - 12:36PM
Business Wire
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.
Amvescap (NYSE:AVZ)
Historical Stock Chart
From Oct 2024 to Nov 2024
Amvescap (NYSE:AVZ)
Historical Stock Chart
From Nov 2023 to Nov 2024