-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Peih1JtJYUYYKl4k4bZytKA/n1jVl52JTAvNXa3EfkMF5DTTeF74iC1J/88W79BO vXM4atGAbo7NtIdbY1pxzg== 0000950134-06-023796.txt : 20061229 0000950134-06-023796.hdr.sgml : 20061229 20061229101006 ACCESSION NUMBER: 0000950134-06-023796 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061031 FILED AS OF DATE: 20061229 DATE AS OF CHANGE: 20061229 EFFECTIVENESS DATE: 20061229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIM INVESTMENT SECURITIES FUNDS CENTRAL INDEX KEY: 0000842790 IRS NUMBER: 760343427 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-05686 FILM NUMBER: 061304205 BUSINESS ADDRESS: STREET 1: ELEVEN GREENWAY PLZ STE 100 CITY: HOUSTON STATE: TX ZIP: 77046 BUSINESS PHONE: 7136261919 MAIL ADDRESS: STREET 1: 11 GREENWAY PLAZA STREET 2: SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77046 FORMER COMPANY: FORMER CONFORMED NAME: AIM INVESTMENT SECURITIES FUNDS INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: AIM PRIME RATE PREMIUM INCOME FUND INC DATE OF NAME CHANGE: 19910320 FORMER COMPANY: FORMER CONFORMED NAME: AIM PRIME RATE PLUS FUND INC DATE OF NAME CHANGE: 19891206 0000842790 S000000243 AIM High Yield Fund C000000586 Class A AMHYX C000000587 Class B AHYBX C000000588 Class C AHYCX C000000589 Investor Class HYINX C000023117 Institutional Class AHIYX 0000842790 S000000250 AIM Income Fund C000000596 Class A AMIFX C000000597 Class B ABIFX C000000598 Class C ACIFX C000000599 Class R AMIRX C000000600 Investor Class AIIVX C000023118 Institutional Class AIIRX 0000842790 S000000251 AIM Intermediate Government Fund C000000601 Class A AGOVX C000000602 Class B AGVBX C000000603 Class C AGVCX C000000604 Class R AGVRX C000000605 Investor Class AGIVX C000029663 Institutional Class AGOIX 0000842790 S000000252 AIM Limited Maturity Treasury Fund C000000606 Class A SHTIX C000000607 Class A3 LMTAX C000023119 Institutional Class ALMIX 0000842790 S000000253 AIM Money Market Fund C000000608 Class B C000000609 Class C C000000610 Class R C000000611 AIM Cash Reserve AIMXX C000023120 Investor Class INAXX C000023121 Institutional Class INIXX 0000842790 S000000254 AIM Municipal Bond Fund C000000612 Class A AMBDX C000000613 Class B AMBBX C000000614 Class C AMBCX C000000615 Investor Class AMBIX 0000842790 S000000255 AIM Real Estate Fund C000000616 Class A IARAX C000000617 Class B AARBX C000000618 Class C IARCX C000000619 Class R IARRX C000000620 Investor Class REINX C000023123 Institutional Class IARIX 0000842790 S000000256 AIM Short Term Bond Fund C000000621 Class A STBAX C000000622 Class C STBCX C000000623 Class R STBRX C000023124 Institutional Class ISTBX 0000842790 S000000257 AIM Total Return Bond Fund C000000624 Class A TBRAX C000000625 Class B TBRDX C000000626 Class C TBRCX C000000627 Class R TBRRX C000023125 Institutional Class TBRIX 0000842790 S000010736 AIM Global Real Estate Fund C000029658 Class A AGREX C000029659 Class B BGREX C000029660 Class C CGREX C000029661 Class R RGREX C000029662 Institutional Class IGREX N-Q 1 h42189nqnvq.txt AIM INVESTMENT SECURITIES FUNDS OMB APPROVAL -------------------------- OMB Number: 3235-0578 Expires: May 31, 2007 Estimated average burden hours per response: 21.09 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-05686 AIM Investment Securities Funds - -------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) 11 Greenway Plaza, Suite 100 Houston, Texas 77046 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Philip A. Taylor 11 Greenway Plaza, Suite 100 Houston, Texas 77046 - -------------------------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: (713) 626-1919 Date of fiscal year end: 7/31 Date of reporting period: 10/31/06 Item 1. Schedule of Investments. AIM GLOBAL REAL ESTATE FUND Quarterly Schedule of Portfolio Holdings - October 31, 2006 (AIM YOUR GOALS. INVESTMENTS OUR SOLUTIONS.(R) (R) LOGO) AIMinvestments.com GRE-QTR-1 10/06 A I M Advisors, Inc. AIM Global Real Estate SCHEDULE OF INVESTMENTS October 31, 2006 (Unaudited)
SHARES VALUE --------- ------------ FOREIGN REAL ESTATE INVESTMENT TRUSTS, COMMON STOCKS & OTHER EQUITY INTERESTS-53.92% AUSTRALIA-10.40% CFS Retail Property Trust (Retail) (a) 3,404,700 $ 5,247,631 GPT Group (Diversified) (a) 1,521,300 5,547,980 Mirvac Group (Diversified) (a) 470,800 1,781,472 Stockland (Diversified) (a) 1,550,300 9,091,613 Valad Property Group (Diversified) (a) 1,504,900 1,861,346 Westfield Group (Retail) (a) 1,071,100 15,408,231 ------------ 38,938,273 ------------ CANADA-2.41% Boardwalk Real Estate Investment Trust (Residential) 90,400 2,737,686 Cominar Real Estate Investment Trust (Diversified) 68,100 1,254,394 Dundee Real Estate Investment Trust (Office) 40,800 1,271,570 Primaris Retail Real Estate Investment Trust (Retail) 79,800 1,308,558 RioCan Real Estate Investment Trust (Retail) 111,700 2,439,551 ------------ 9,011,759 ------------ CHINA-0.22% Guangzhou R&F Properties Co. Ltd. (Residential) (a) 498,200 812,823 ------------ FINLAND-0.54% Citycon Oyj (Retail) (a) 230,200 1,219,777 Sponda Oyj (Office) (a) 63,500 791,743 ------------ 2,011,520 ------------ FRANCE-2.72% Klepierre (Retail) (a) 18,200 2,743,475 Societe Immobiliere de Location pour I'Industrie et le Commerce (Office) 10,600 1,471,989 Unibail (Diversified) (a) 27,400 5,957,702 ------------ 10,173,166 ------------ HONG KONG-9.03% China Overseas Land & Investment Ltd. (Office) (a) 1,569,000 1,428,504 China Overseas Land & Investment Ltd. -Wts., expiring 07/18/07 (Office) (b) 219,250 73,580 China Resources Land Ltd. (Residential) (a) 991,900 789,727 Great Eagle Holdings Ltd. (Office) (a) 514,000 1,379,918 Hang Lung Properties Ltd. (Retail) 2,153,000 4,695,119 Hongkong Land Holdings Ltd. (Office) (a) 2,048,000 7,687,205
SHARES VALUE --------- ------------ HONG KONG-(CONTINUED) Hysan Development Co., Ltd. (Diversified) 1,410,000 $ 3,553,464 Sun Hung Kai Properties Ltd. (Residential) 1,299,000 14,205,620 ------------ 33,813,137 ------------ ITALY-0.44% Risanamento S.p.A (Diversified) 208,700 1,664,839 ------------ JAPAN-11.72% AEON Mall Co., Ltd. (Retail) 39,500 2,083,818 GOLDCREST Co., Ltd. (Residential) (a) 16,360 890,739 Japan Retail Fund Investment Corp. (Retail) 186 1,439,259 JOINT Corp. (Residential) 15,300 601,765 Mitsubishi Estate Co. Ltd. (Office) (a) 445,000 10,589,178 Mitsui Fudosan Co., Ltd. (Diversified) (a) 491,000 12,014,421 Nippon Building Fund Inc. (Office) 303 3,264,304 NTT Urban Development Corp. (Office) (a) 164 1,410,271 Sumitomo Realty & Development Co., Ltd. (Diversified) (a) 241,000 7,946,341 Tokyo Tatemono Co., Ltd. (Diversified)(a) 279,000 3,312,212 TOKYU REIT, Inc. (Diversified) (a) 39 314,457 ------------ 43,866,765 ------------ NETHERLANDS-1.20% Rodamco Europe N.V. (Retail) 38,900 4,500,774 ------------ SINGAPORE-2.74% Ascendas Real Estate Investment Trust (Industrial) (a) 884,000 1,229,699 Capitacommercial Trust (Office) 835,700 1,159,464 Capitaland Ltd. (Residential) (a) 1,030,000 3,599,527 CapitaMall Trust (Retail) (a) 884,000 1,468,717 Keppel Land Ltd. (Office) (a) 528,800 1,862,929 Suntec Real Estate Investment Trust (Retail) (a) 944,000 939,120 ------------ 10,259,456 ------------ UNITED KINGDOM-12.50% Big Yellow Group PLC (Industrial) 143,400 1,466,189 British Land Co. PLC (Diversified) (a) 370,800 10,550,243 Brixton PLC (Industrial) (a) 134,700 1,379,623 Capital & Regional PLC (Retail) (a) 204,200 4,995,669 Derwent Valley Holdings PLC (Office) (a) 92,400 3,493,129 Hammerson PLC (Retail) (a) 139,500 3,578,708 Land Securities Group PLC (Diversified) (a) 305,900 12,208,873
F-1 AIM Global Real Estate
SHARES VALUE --------- ------------ UNITED KINGDOM-(CONTINUED) Liberty International PLC (Retail) (a) 61,700 $ 1,579,353 Quintain Estates & Development PLC (Diversified) (a) 103,000 1,478,151 Shaftesbury PLC (Retail) (a) 235,900 2,816,351 Unite Group PLC (Residential) 251,300 2,383,654 Workspace Group PLC (Office) (a) 112,600 873,199 ------------ 46,803,142 ------------ Total Foreign Real Estate Investment Trusts, Common Stocks & Other Equity Interests (Cost $173,041,923) 201,855,654 ------------ DOMESTIC REAL ESTATE INVESTMENT TRUSTS & COMMON STOCKS-42.37% DIVERSIFIED-3.89% Colonial Properties Trust 52,500 2,645,475 Health Care Property Investors, Inc. 100,200 3,146,280 Health Care REIT, Inc. 17,500 722,400 Public Storage, Inc. 49,600 4,449,616 Ventas, Inc. 92,400 3,601,752 ------------ 14,565,523 ------------ HOTELS-3.68% Hilton Hotels Corp. 112,800 3,262,176 Host Hotels & Resorts Inc. 373,146 8,604,747 Starwood Hotels & Resorts Worldwide, Inc. 32,100 1,917,654 ------------ 13,784,577 ------------ INDUSTRIAL-3.50% AMB Property Corp. 27,200 1,588,752 ProLogis 181,700 11,496,159 ------------ 13,084,911 ------------ OFFICE-11.77% Alexandria Real Estate Equities, Inc. 22,300 2,223,310 Boston Properties, Inc. 69,900 7,467,417 Brandywine Realty Trust 103,100 3,439,416 Brookfield Properties Corp. 95,300 3,585,527 Douglas Emmett, Inc. (c) 33,000 787,050 Equity Office Properties Trust 182,300 7,747,750 Reckson Associates Realty Corp. 78,800 3,476,656 SL Green Realty Corp. 59,400 7,190,370 Vornado Realty Trust 68,300 8,144,775 ------------ 44,062,271 ------------ RESIDENTIAL-7.80% Archstone-Smith Trust 115,500 6,954,255 AvalonBay Communities, Inc. 27,000 3,538,620 Camden Property Trust 52,500 4,237,800 Equity Residential 164,000 8,956,040 Essex Property Trust, Inc. 35,000 4,664,800 Mid-America Apartment Communities, Inc. 13,500 859,275 ------------ 29,210,790 ------------ RETAIL-11.73% CBL & Associates Properties, Inc. 42,900 1,876,017 Developers Diversified Realty Corp. 108,200 6,589,380 Federal Realty Investment Trust 38,800 3,109,820
SHARES VALUE --------- ------------ RETAIL-(CONTINUED) General Growth Properties, Inc. 104,600 $ 5,428,740 Kimco Realty Corp. 118,700 5,273,841 Macerich Co. (The) 68,100 5,471,835 Regency Centers Corp. 65,200 4,704,832 Simon Property Group, Inc. 118,100 11,467,510 ------------ 43,921,975 ------------ Total Domestic Real Estate Investment Trusts & Common Stocks (Cost $133,192,460) 158,630,047 ------------ MONEY MARKET FUNDS-3.59% Liquid Assets Portfolio -Institutional Class(d) 6,725,765 6,725,765 Premier Portfolio -Institutional Class(d) 6,725,765 6,725,765 ------------ Total Money Market Funds (Cost $13,451,530) 13,451,530 ------------ TOTAL INVESTMENTS-99.88% (Cost $319,685,913) 373,937,231 OTHER ASSETS LESS LIABILITIES-0.12% 461,720 ------------ NET ASSETS-100.00% $374,398,951 ============
Investment Abbreviations: REIT -- Real Estate Investment Trust Wts. -- Warrants Notes to Schedule of Investments: (a) In accordance with the procedures established by the Board of Trustees, the foreign security is fair valued using adjusted closing market prices. The aggregate value of these securities at October 31, 2006 was $150,280,057, which represented 40.14% of the Fund's Net Assets. See Note 1A. (b) Non-income producing security acquired through a corporate action. (c) Non-income producing security. (d) The money market fund and the Fund are affiliated by having the same investment advisor. See Note 2. SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-2 AIM Global Real Estate NOTES TO QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS October 31, 2006 (Unaudited) NOTE 1 -- SIGNIFICANT ACCOUNTING POLICIES A. SECURITY VALUATIONS - Securities, including restricted securities, are valued according to the following policy. A security listed or traded on an exchange (except convertible bonds) is valued at its last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded, or lacking any sales or official closing price on a particular day, the security may be valued at the closing bid price on that day. Securities traded in the over-the-counter market are valued based on the prices furnished by independent pricing services, in which case the securities may be considered fair valued, or by market makers. Futures contracts are valued at the final settlement price set by an exchange on which they are principally traded. Listed options are valued at the mean between the last bid and the ask prices from the exchange on which they are principally traded. Options not listed on an exchange are valued by an independent source at the mean between the last bid and ask prices. For purposes of determining net asset value per share, futures and option contracts generally are valued 15 minutes after the close of the customary trading session of the New York Stock Exchange ("NYSE"). Investments in open-end registered investment companies and closed-end registered investment companies that do not trade on an exchange are valued at the end of day net asset value per share. Investments in closed-end registered investment companies that trade on an exchange are valued at the last sales price as of the close of the customary trading session on the exchange where the security is principally traded. Debt obligations (including convertible bonds) are fair valued using an evaluated quote provided by an independent pricing service. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices, and may reflect appropriate factors such as institution-size trading in similar groups of securities, developments related to specific securities, dividend rate, yield, quality, type of issue, coupon rate, maturity, individual trading characteristics and other market data. Short-term obligations having 60 days or less to maturity and commercial paper are recorded at amortized cost which approximates value. Foreign securities (including foreign exchange contracts) are converted into U.S. dollar amounts using the applicable exchange rates as of the close of the NYSE. If market quotations are available and reliable for foreign exchange traded equity securities, the securities will be valued at the market quotations. Because trading hours for certain foreign securities end before the close of the NYSE, closing market quotations may become unreliable. If between the time trading ends on a particular security and the close of the customary trading session on the NYSE, events occur that are significant and may make the closing price unreliable, the Fund may fair value the security. If the event is likely to have affected the closing price of the security, the security will be valued at fair value in good faith using procedures approved by the Board of Trustees. Adjustments to closing prices to reflect fair value may also be based on a screening process of an independent pricing service to indicate the degree of certainty, based on historical data, that the closing price in the principal market where a foreign security trades is not the current value as of the close of the NYSE. Foreign securities meeting the approved degree of certainty that the price is not reflective of current value will be priced at the indication of fair value from the independent pricing service. Multiple factors may be considered by the independent pricing service in determining adjustments to reflect fair value and may include information relating to sector indices, ADRs and domestic and foreign index futures. F-3 AIM Global Real Estate A. SECURITY VALUATIONS - (CONTINUED) Securities for which market prices are not provided by any of the above methods are valued based upon quotes furnished by independent sources and are valued at the last bid price in the case of equity securities and in the case of debt obligations, the mean between the last bid and asked prices. Securities for which market quotations are not readily available or are unreliable are valued at fair value as determined in good faith by or under the supervision of the Trust's officers following procedures approved by the Board of Trustees. Issuer specific events, market trends, bid/ask quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security's fair value. B. SECURITIES TRANSACTIONS AND INVESTMENT INCOME - Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income is recorded on the accrual basis from settlement date. Dividend income is recorded on the ex-dividend date. Bond premiums and discounts are amortized and/or accreted for financial reporting purposes. Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of realized and unrealized gain (loss) from investment securities reported in the Statement of Operations and the Statement of Changes in Net Assets and the realized and unrealized net gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of the Fund's net asset value and, accordingly, they reduce the Fund's total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statement of Operations and Statement of Changes in Net Assets, or the net investment income per share and ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Fund and the advisor. The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class. The Fund recharacterizes distributions received from REIT investments based on information provided by the REIT into the following categories: ordinary income, long-term and short-term capital gains, and return of capital. If information is not available timely from the REIT, the recharacterization will be based on available information which may include the previous year's allocation. If new or additional information becomes available from the REIT at a later date, a recharacterization will be made in the following year. The Fund records as dividend income the amount recharacterized as ordinary income and as realized gain the amount recharacterized as capital gain in the Statement of Operations, and the amount recharacterized as return of capital in the Statement of Changes in Net Assets. C. COUNTRY DETERMINATION - For the purposes of making investment selection decisions and presentation in the Schedule of Investments, AIM may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuer's securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America unless otherwise noted. F-4 AIM Global Real Estate D. FOREIGN CURRENCY TRANSLATIONS - Foreign currency is valued at the close of the NYSE based on quotations posted by banks and major currency dealers. Portfolio securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at date of valuation. Purchases and sales of portfolio securities (net of foreign taxes withheld on disposition) and income items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions. The Fund does not separately account for the portion of the results of operations resulting from changes in foreign exchange rates on investments and the fluctuations arising from changes in market prices of securities held. The combined results of changes in foreign exchange rates and the fluctuation of market prices on investments (net of estimated foreign tax withholding) are included with the net realized and unrealized gain or loss from investments in the Statement of Operations. Reported net realized foreign currency gains or losses arise from (i) sales of foreign currencies, (ii) currency gains or losses realized between the trade and settlement dates on securities transactions, and (iii) the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund's books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign currency gains and losses arise from changes in the fair values of assets and liabilities, other than investments in securities at fiscal period end, resulting from changes in exchange rates. E. FOREIGN CURRENCY CONTRACTS - A foreign currency contract is an obligation to purchase or sell a specific currency for an agreed-upon price at a future date. The Fund may enter into a foreign currency contract to attempt to minimize the risk to the Fund from adverse changes in the relationship between currencies. The Fund may also enter into a foreign currency contract for the purchase or sale of a security denominated in a foreign currency in order to "lock in" the U.S. dollar price of that security. Realized and unrealized gains and losses on these contracts are included in the Statement of Operations. The Fund could be exposed to risk, which may be in excess of the amount reflected in the Statement of Assets and Liabilities, if counterparties to the contracts are unable to meet the terms of their contracts or if the value of the foreign currency changes unfavorably. NOTE 2 -- INVESTMENT IN AFFILIATES The Fund is permitted, pursuant to procedures approved by the Board of Trustees, to invest daily available cash balances in affiliated money market funds. The Fund and the money market funds below have the same investment advisor and therefore, are considered to be affiliated. The table below shows the transactions in and earnings from investments in affiliated money market funds for the three months ended October 31, 2006.
CHANGE IN UNREALIZED VALUE PURCHASES PROCEEDS FROM APPRECIATION VALUE DIVIDEND REALIZED FUND 07/31/06 AT COST SALES (DEPRECIATION) 10/31/06 INCOME GAIN (LOSS) - ---- ----------- ----------- ------------- -------------- ----------- -------- ----------- Liquid Assets Portfolio - Institutional Class $ 5,431,618 $31,002,094 $(29,707,947) $-- $ 6,725,765 $93,546 $-- Premier Portfolio- Institutional Class 5,431,618 31,002,094 (29,707,947) -- 6,725,765 93,453 -- ----------- ----------- ------------ --- ----------- -------- --- TOTAL INVESTMENTS IN AFFILIATES $10,863,236 $62,004,188 $(59,415,894) $-- $13,451,530 $186,999 $-- =========== =========== ============ === =========== ======== ===
F-5 AIM Global Real Estate NOTE 3 -- INVESTMENT SECURITIES The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the three months ended October 31, 2006 was $138,005,448 and $22,924,706, respectively. For interim reporting periods, the cost of investments for tax purposes includes reversals of certain tax items, such as, wash sales that have occurred since the prior fiscal year-end. UNREALIZED APPRECIATION (DEPRECIATION) OF INVESTMENT SECURITIES ON A TAX BASIS Aggregate unrealized appreciation of investment securities $51,280,129 Aggregate unrealized (depreciation) of investment securities (472,583) ----------- Net unrealized appreciation of investment securities $50,807,546 ===========
Cost of investments for tax purposes is $323,129,685. F-6 AIM HIGH YIELD FUND Quarterly Schedule of Portfolio Holdings - October 31, 2006 (AIM YOUR GOALS. INVESTMENTS OUR SOLUTIONS.(R) (R) LOGO) AIMinvestments.com HYI-QTR-1 10/06 A I M Advisors, Inc. AIM High Yield Fund SCHEDULE OF INVESTMENTS October 31, 2006 (Unaudited)
PRINCIPAL AMOUNT VALUE ----------- ------------ BONDS & NOTES-90.53% AEROSPACE & DEFENSE-1.86% Argo-Tech Corp., Sr. Unsec. Gtd. Global Notes, 9.25%, 06/01/11(a) $ 3,675,000 $ 3,831,187 Armor Holdings, Inc., Sr. Sub. Global Notes, 8.25%, 08/15/13(a)(b) 1,970,000 2,053,725 DRS Technologies, Inc., Sr. Gtd. Notes, 6.63%, 02/01/16(a)(b) 2,815,000 2,822,038 Sr. Unsec. Conv. Putable Notes, 2.00%, 02/01/11 (Acquired 01/30/06; Cost $1,875,000)(a)(c) 1,875,000 1,839,844 Hexcel Corp., Sr. Unsec. Sub. Global Notes, 6.75%, 02/01/15(a) 5,725,000 5,581,875 ------------ 16,128,669 ------------ AIRLINES-1.12% Delta Air Lines Inc.-Series 2002-1, Class C, Pass Through Ctfs., 7.78%, 01/02/12(a) 2,443,682 2,443,682 Evergreen International Aviation Inc., Sr. Sec. Global Notes, 12.00%, 05/15/10(a) 6,665,000 7,198,200 ------------ 9,641,882 ------------ ALTERNATIVE CARRIERS-1.71% Hughes Network Systems LLC/HNS Finance Corp., Sr. Notes, 9.50%, 04/15/14 (Acquired 04/06/06; Cost $1,880,000)(a)(c) 1,880,000 1,959,900 Level 3 Communications Inc., Sr. Unsec. Unsub. Global Notes, 11.50%, 03/01/10(a)(b) 2,795,000 2,934,750 Level 3 Financing Inc., Sr. Notes, 9.25%, 11/01/14 (Acquired 10/25/06; Cost $1,865,000)(a)(c) 1,865,000 1,902,300 Sr. Unsec. Gtd. Unsub. Global Notes, 10.75%, 10/15/11(a)(b) 7,470,000 7,974,225 ------------ 14,771,175 ------------ ALUMINUM-0.74% Century Aluminum Co., Sr. Unsec. Gtd. Global Notes, 7.50%, 08/15/14(a) 1,855,000 1,864,275 Novelis Inc. (Canada), Sr. Notes, 8.25%, 02/15/15 (Acquired 05/05/06-06/15/06; Cost $4,647,663)(a)(c) 4,780,000 4,564,900 ------------ 6,429,175 ------------
PRINCIPAL AMOUNT VALUE ----------- ------------ APPAREL RETAIL-0.72% Payless ShoeSource, Inc., Sr. Unsec. Gtd. Sub. Global Notes, 8.25%, 08/01/13(a)(b) $ 6,065,000 $ 6,201,463 APPAREL, ACCESSORIES & LUXURY GOODS-2.39% American Achievement Corp., Sr. Unsec. Gtd. Sub. Global Notes, 8.25%, 04/01/12(a) 1,865,000 1,906,963 Broder Brothers Co.-Series B, Sr. Unsec. Gtd. Global Notes, 11.25%, 10/15/10(a) 7,141,000 7,069,590 Levi Strauss & Co., Sr. Unsec. Unsub. Global Notes, 8.88%, 04/01/16(a) 4,670,000 4,798,425 Perry Ellis International, Inc.-Series B, Sr. Sub. Global Notes, 8.88%, 09/15/13(a) 3,705,000 3,732,787 Warnaco Inc., Sr. Unsec. Global Notes, 8.88%, 06/15/13(a) 3,025,000 3,172,469 ------------ 20,680,234 ------------ AUTO PARTS & EQUIPMENT-2.44% Cooper-Standard Automotive Inc., Sr. Unsec. Gtd. Global Notes, 7.00%, 12/15/12(a)(b) 2,815,000 2,470,163 Delphi Corp., Global Notes, 6.50%, 05/01/09(a)(d) 1,880,000 1,945,800 Federal-Mogul Corp., Gtd. Notes, 7.50%, 01/15/09(a)(d) 1,865,000 1,214,581 Lear Corp.-Series B, Sr. Unsec. Gtd. Notes, 8.11%, 05/15/09(a)(b) 3,730,000 3,795,275 Tenneco Inc., Sr. Unsec. Gtd. Sub. Global Notes, 8.63%, 11/15/14(a)(b) 2,815,000 2,836,112 TRW Automotive Inc., Sr. Global Notes, 9.38%, 02/15/13(a) 3,685,000 3,965,981 Visteon Corp., Sr. Unsec. Notes, 7.00%, 03/10/14(a)(b) 5,595,000 4,895,625 ------------ 21,123,537 ------------ AUTOMOBILE MANUFACTURERS-1.38% General Motors Corp., Global Notes, 7.20%, 01/15/11(a) 5,605,000 5,261,694 Sr. Unsec. Global Deb., 8.38%, 07/15/33(a)(b) 7,425,000 6,636,093 ------------ 11,897,787 ------------ BROADCASTING & CABLE TV-5.80% Adelphia Communications Corp., Sr. Unsec. Notes, 10.88%, 10/01/10(a)(b)(d) 4,990,000 3,929,625
F-1 AIM High Yield Fund
PRINCIPAL AMOUNT VALUE ----------- ------------ BROADCASTING & CABLE TV-(CONTINUED) CCH I Holdings LLC/CCH I Holdings Captial Corp., Sr. Sec. Gtd. Global Notes, 11.00%, 10/01/15(a) $ 4,665,000 $ 4,513,388 CSC Holdings Inc.Series B, Sr. Unsec. Unsub. Notes, 7.63%, 04/01/11(a) 6,510,000 6,607,650 Echostar DBS Corp., Sr. Notes, 7.00%, 10/01/13 (Acquired 09/28/06; Cost $1,827,383)(a)(c) 1,865,000 1,855,675 Sr. Unsec. Gtd. Global Notes, 6.38%, 10/01/11(a)(b) 4,685,000 4,644,006 Intelsat Subsidiary Holding Co. Ltd. (Bermuda), Sr. Global Notes, 8.25%, 01/15/13(a) 5,535,000 5,673,375 Mediacom Broadband LLC/ Mediacom Broadband Corp., Sr. Global Notes, 8.50%, 10/15/15(a)(b) 2,780,000 2,793,900 Sr. Notes, 8.50%, 10/15/15 (Acquired 09/28/06; Cost $1,851,013)(a)(c) 1,865,000 1,874,325 NTL Cable PLC, Sr. Unsec. Gtd. Global Notes, 8.75%, 04/15/14(a) 3,072,000 3,240,960 Rainbow National Services LLC, Sr. Notes, 8.75%, 09/01/12 (Acquired 08/13/04-05/09/06; Cost $8,499,763)(a)(c) 8,255,000 8,688,387 Videotron Ltee (Canada), Sr. Unsec. Gtd. Global Notes, 6.88%, 01/15/14(a) 3,715,000 3,705,713 XM Satellite Radio Inc., Sr. Unsec. Gtd. Floating Rate Global Notes, 9.99%, 05/01/13(a)(e) 2,825,000 2,683,750 ------------ 50,210,754 ------------ BUILDING PRODUCTS-1.62% Associated Materials Inc., Sr. Unsec. Disc. Global Notes, 11.25%, 03/01/14(a)(f) 930,000 555,675 Sr. Unsec. Gtd. Sub. Global Notes, 9.75%, 04/15/12(a)(b) 930,000 949,763 Collins & Aikman Floorcoverings, Inc.- Series B, Sr. Unsec. Gtd. Sub. Global Notes, 9.75%, 02/15/10(a) 2,800,000 2,856,000 Goodman Global Holdings Inc., Sr. Unsec. Sub. Global Notes, 7.88%, 12/15/12(a)(b) 3,570,000 3,467,362 Series B, Sr. Unsec. Gtd. Floating Rate Global Notes, 8.33%, 06/15/12(a)(e) 2,710,000 2,777,750 Indalex Holding Corp., Sr. Sec. Notes, 11.50%, 02/01/14 (Acquired 01/30/06-04/28/06; Cost $3,221,481)(a)(c) 3,265,000 3,428,250 ----------- 14,034,800 ----------- CASINOS & GAMING-3.04% French Lick Resorts & Casino LLC/French Lick Resorts & Casino Corp., First Mortgage Notes, 10.75%, 04/15/14 (Acquired 10/24/06-10/31/06; Cost $3,408,288)(a)(b)(c) 3,730,000 3,445,587
PRINCIPAL AMOUNT VALUE ----------- ------------ CASINOS & GAMING-(CONTINUED) Isle of Capri Casinos, Inc., Sr. Unsec. Gtd. Sub. Global Notes, 7.00%, 03/01/14(a) $ 2,800,000 $ 2,698,360 MGM Mirage, Sr. Unsec. Gtd. Global Notes, 6.63%, 07/15/15(a) 4,630,000 4,421,650 Penn National Gaming, Inc., Sr. Unsec. Sub. Global Notes, 6.75%, 03/01/15(a)(b) 2,850,000 2,814,375 Poster Financial Group Inc., Sr. Sec. Global Notes, 8.75%, 12/01/11(a) 7,480,000 7,835,300 Seneca Gaming Corp., Sr. Global Notes, 7.25%, 05/01/12(a) 2,160,000 2,184,300 Station Casinos, Inc., Sr. Unsec. Notes, 7.75%, 08/15/16(a) 2,800,000 2,901,500 ------------ 26,301,072 ------------ COAL & CONSUMABLE FUELS-0.54% Massey Energy Co., Sr. Global Notes, 6.63%, 11/15/10(a) 4,665,000 4,630,013 COMMODITY CHEMICALS-1.43% Basell AF SCA (Luxembourg), Sr. Sec. Gtd. Sub. Notes, 8.38%, 08/15/15 (Acquired 05/18/06; Cost $2,820,106)(a)(c) 2,845,000 2,901,900 BCP Crystal US Holdings Corp., Sr. Sub. Global Notes, 9.63%, 06/15/14(a)(b) 2,124,000 2,336,400 Lyondell Chemical Co., Sr. Unsec. Gtd. Global Notes, 8.25%, 09/15/16(a) 1,865,000 1,925,612 Montell Finance Co. B.V. (Netherlands), Unsec. Gtd. Yankee Deb., 8.10%, 03/15/27 (Acquired 01/06/05-05/04/05; Cost $5,421,700)(a)(c) 5,520,000 5,230,200 ------------ 12,394,112 ------------ COMMUNICATIONS EQUIPMENT-0.76% MasTec, Inc.-Series B, Sr. Sub. Notes, 7.75%, 02/01/08(a)(b) 5,635,000 5,620,912 Superior Essex Communications LLC/Essex Group Inc., Sr. Global Notes, 9.00%, 04/15/12(a) 955,000 976,488 ------------ 6,597,400 ------------ CONSTRUCTION & ENGINEERING-0.31% Great Lakes Dredge & Dock Corp., Sr. Unsec. Gtd. Sub. Global Notes, 7.75%, 12/15/13(a) 2,890,000 2,716,600 CONSTRUCTION & FARM MACHINERY & HEAVY TRUCKS-0.19% Wabtec Corp., Sr. Unsec. Gtd. Global Notes, 6.88%, 07/31/13(a) 1,670,000 1,647,038 CONSTRUCTION MATERIALS-1.20% RMCC Acquistion Co., Sr. Sub. Notes, 10.00%, 11/01/12 (Acquired 10/28/04-09/08/06; Cost $5,517,863)(a)(c) 5,325,000 5,531,344 U.S. Concrete, Inc.,
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-2 AIM High Yield Fund
PRINCIPAL AMOUNT VALUE ----------- ------------ CONSTRUCTION MATERIALS-(CONTINUED) Sr. Sub. Notes, 8.38%, 04/01/14 (Acquired 06/29/06; Cost $859,775)(a)(c) $ 875,000 $ 840,000 Sr. Unsec. Gtd. Sub. Global Notes, 8.38%, 04/01/14(a) 4,205,000 4,036,800 ------------ 10,408,144 ------------ CONSUMER FINANCE-4.14% Ford Motor Credit Co., Notes, 6.63%, 06/16/08(a) 7,910,000 7,810,176 Sr. Notes, 9.88%, 08/10/11(a) 1,865,000 1,938,052 Sr. Unsec. Notes, 8.63%, 11/01/10(a) 7,455,000 7,473,265 Unsub. Global Notes, 7.00%, 10/01/13(a)(b) 6,485,000 6,063,994 General Motors Acceptance Corp., Global Bonds, 8.00%, 11/01/31(a) 6,525,000 6,965,437 Global Notes, 6.75%, 12/01/14(a)(b) 5,590,000 5,590,168 ------------ 35,841,092 ------------ DATA PROCESSING & OUTSOURCED SERVICES-0.22% Sungard Data Systems Inc., Sr. Unsec. Gtd. Global Notes, 9.13%, 08/15/13(a) 40,000 41,800 Worldspan L.P./WS Financing Corp., Sr. Sec. Gtd. Floating Rate Global Second Lien Notes, 11.66%, 02/15/11(a)(b)(e) 1,880,000 1,894,100 ------------ 1,935,900 ------------ DIVERSIFIED CHEMICALS-1.20% Ineos Group Holdings PLC (United Kingdom), Sr. Unsec. Sub. Notes, 8.50%, 02/15/16 (Acquired 01/31/06-05/10/06; Cost $3,688,600)(a)(b)(c) 3,725,000 3,603,937 Innophos Inc., Sr. Unsec. Gtd. Sub. Global Notes, 8.88%, 08/15/14(a) 6,760,000 6,793,800 ------------ 10,397,737 ------------ DIVERSIFIED COMMERCIAL & PROFESSIONAL SERVICES-1.72% Corrections Corp. of America, Sr. Unsec. Gtd. Sub. Global Notes, 6.25%, 03/15/13(a) 2,755,000 2,699,900 GEO Group, Inc. (The), Sr. Unsec. Global Notes, 8.25%, 07/15/13(a) 2,820,000 2,869,350 Mobile Services Group Inc., Sr. Notes, 9.75%, 08/01/14 (Acquired 07/20/06; Cost $935,000)(a)(c) 935,000 974,737 Travelport Inc., Sr. Notes, 9.88%, 09/01/14 (Acquired 08/11/06-09/20/06; Cost $4,604,388)(a)(c) 4,665,000 4,624,181 Sr. Sub. Notes,
PRINCIPAL AMOUNT VALUE ----------- ------------ DIVERSIFIED COMMERCIAL & PROFESSIONAL SERVICES-(CONTINUED) 11.88%, 09/01/16 (Acquired 08/11/06; Cost $3,735,000)(a)(c) $ 3,735,000 $ 3,702,319 ------------ 14,870,487 ------------ DIVERSIFIED METALS & MINING-0.64% Vedanta Resources PLC (United Kingdom), Sr. Unsec. Notes, 6.63%, 02/22/10 (Acquired 07/13/06-07/19/06; Cost $5,352,769)(a)(c) 5,605,000 5,527,931 DRUG RETAIL-0.95% Jean Coutu Group (PJC) Inc. (The) (Canada), Sr. Unsec. Global Notes, 7.63%, 08/01/12(a) 6,055,000 6,372,888 Rite Aid Corp., Sr. Sec. Gtd. Global Second Lien Notes, 8.13%, 05/01/10(a) 1,855,000 1,873,550 ------------ 8,246,438 ------------ ELECTRIC UTILITIES-2.96% Dynegy Holdings, Inc., Sr. Unsec. Global Notes, 8.38%, 05/01/16(a)(b) 3,290,000 3,388,700 Edison Mission Energy, Sr. Notes, 7.75%, 06/15/16 (Acquired 05/19/06; Cost $2,825,000)(a)(b)(c) 2,825,000 2,934,469 LSP Energy L.P./LSP Batesville Funding Corp.-Series C, Sr. Sec. Bonds, 7.16%, 01/15/14(a) 3,140,508 3,175,838 Midwest Generation, LLC, Sr. Sec. Second Priority Putable Global Notes, 8.75%, 05/01/14(a)(b) 2,525,000 2,720,688 Mirant North America, LLC, Sr. Unsec. Gtd. Global Notes, 7.38%, 12/31/13(a)(b) 4,655,000 4,759,738 Mission Energy Holding Co., Sr. Sec. Global Notes, 13.50%, 07/15/08(a) 3,570,000 3,989,475 Nevada Power Co., Sr. General Refunding Mortgage Global Notes, 5.95%, 03/15/16(a) 935,000 944,434 6.50%, 05/15/18(a) 940,000 985,411 Reliant Energy, Inc., Sr. Sec. Gtd. Notes, 6.75%, 12/15/14(a) 2,805,000 2,678,775 ------------ 25,577,528 ------------ ENVIRONMENTAL & FACILITIES SERVICES-1.10% Allied Waste North America, Inc., -Series B, Sr. Sec. Gtd. Global Notes, 7.13%, 11/15/16(a)(b) 5,645,000 5,616,775 8.50%, 12/01/08(a) 3,665,000 3,866,575 ------------ 9,483,350 ------------ FOOD RETAIL-0.11% SUPERVALU INC., Sr. Notes, 7.50%, 11/15/14(a) 930,000 948,600
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-3 AIM High Yield Fund
PRINCIPAL AMOUNT VALUE ----------- ------------ FOREST PRODUCTS-0.51% Ainsworth Lumber Co. Ltd. (Canada), Sr. Unsec. Yankee Notes, 6.75%, 03/15/14(a) $ 1,880,000 $ 1,330,100 Millar Western Forest Products Ltd. (Canada), Sr. Unsec. Global Notes, 7.75%, 11/15/13(a) 3,720,000 3,096,900 ------------ 4,427,000 ------------ GAS UTILITIES-0.41% SEMCO Energy, Inc., Sr. Global Notes, 7.75%, 05/15/13(a) 1,890,000 1,901,813 Sr. Unsec. Global Notes, 7.13%, 05/15/08(a) 1,660,000 1,653,775 ------------ 3,555,588 ------------ GENERAL MERCHANDISE STORES-0.30% Pantry, Inc. (The), Sr. Sub. Global Notes, 7.75%, 02/15/14(a) 2,535,000 2,573,025 ------------ HEALTH CARE EQUIPMENT-0.11% Encore Medical Finance LLC/Encore Medical Finance Corp., Sr. Sub. Notes, 11.75%, 11/15/14 (Acquired 10/30/06; Cost $930,000)(c) 930,000 934,650 ------------ HEALTH CARE FACILITIES-3.39% Concentra Operating Corp., Sr. Unsec. Gtd. Sub. Global Notes, 9.13%, 06/01/12(a) 2,520,000 2,646,000 HCA, Inc., Sr. Unsec. Bonds, 7.50%, 11/06/33(a) 2,815,000 2,216,813 Sr. Unsec. Global Bonds, 6.50%, 02/15/16(a)(b) 2,815,000 2,244,962 Sr. Unsec. Global Notes, 6.38%, 01/15/15(a) 1,875,000 1,509,375 Sr. Unsec. Notes, 8.75%, 09/01/10(a) 3,725,000 3,785,531 IASIS Healthcare LLC/IASIS Capital 2,800,000 2,723,000 Corp., Sr. Sub. Global Notes, 8.75%, 06/15/14(a) Select Medical Corp., Sr. Unsec. Gtd. Sub. Global Notes, 7.63%, 02/01/15(a) 5,815,000 4,884,600 Tenet Healthcare Corp., Sr. Unsec. Notes, 6.38%, 12/01/11(a) 7,410,000 6,557,850 7.38%, 02/01/13(a) 40,000 36,000 Triad Hospitals, Inc., Sr. Unsec. Sub. Notes, 7.00%, 11/15/13(a) 2,820,000 2,756,550 ------------ 29,360,681 ------------ HEALTH CARE SERVICES-2.45% AmeriPath, Inc., Sr. Unsec. Gtd. Sub. Global Notes, 10.50%, 04/01/13(a) 5,150,000 5,587,750 Omnicare, Inc., Sr. Sub. Notes, 6.88%, 12/15/15(a) 2,815,000 2,765,738 Rural/Metro Corp., Sr. Gtd. Sub. Global Notes, 9.88%, 03/15/15(a) 930,000 978,825
PRINCIPAL AMOUNT VALUE ----------- ------------ HEALTH CARE SERVICES-(CONTINUED) Universal Hospital Services Inc., Sr. Unsec. Global Notes, 10.13%, 11/01/11(a) $ 6,245,000 $ 6,635,312 US Oncology, Inc., Sr. Unsec. Gtd. Global Notes, 9.00%, 08/15/12(a) 4,975,000 5,198,875 ------------ 21,166,500 ------------ HEALTH CARE SUPPLIES-0.32% Inverness Medical Innovations, Inc., Sr. Sub. Global Notes, 8.75%, 02/15/12(a) 2,765,000 2,806,475 ------------ HOMEBUILDING-0.33% Technical Olympic USA, Inc., Sr. Unsec. Gtd. Global Notes, 9.00%, 07/01/10(a) 2,875,000 2,831,875 ------------ HOMEFURNISHING RETAIL-0.22% Rent-A-Center, Inc.-Series B, Sr. Unsec. Gtd. Sub. Global Notes, 7.50%, 05/01/10(a) 1,865,000 1,865,000 ------------ HOTELS, RESORTS & CRUISE LINES-1.11% Grupo Posadas S.A. de C.V. (Mexico), Sr. Notes, 8.75%, 10/04/11 (Acquired 10/15/04-01/20/05; Cost $1,806,875)(a)(c) 1,750,000 1,828,750 NCL Corp., Sr. Unsec. Unsub. Global Notes, 10.63%, 07/15/14(a) 7,935,000 7,756,462 ------------ 9,585,212 ------------ HOUSEHOLD APPLIANCES-0.10% Gregg Appliances Inc., Sr. Unsec. Gtd. Global Notes, 9.00%, 02/01/13(a) 910,000 845,163 ------------ INDEPENDENT POWER PRODUCERS & ENERGY TRADERS-2.36% AES Corp. (The), Sr. Unsec. Unsub. Notes, 7.75%, 03/01/14(a)(b) 5,360,000 5,614,600 AES Red Oak LLC-Series A, Sr. Sec. Bonds, 8.54%, 11/30/19(a) 6,612,543 7,141,546 Mirant Americas Generation LLC, Sr. Unsec. Notes, 8.30%, 05/01/11(a) 1,865,000 1,895,306 NRG Energy, Inc., Sr. Unsec. Gtd. Notes, 7.25%, 02/01/14(a)(b) 2,830,000 2,872,450 7.38%, 02/01/16(a) 2,830,000 2,879,525 ------------ 20,403,427 ------------ INDUSTRIAL CONGLOMERATES-0.45% TransDigm Inc., Sr. Sub. Notes, 7.75%, 07/15/14 (Acquired 06/20/06; Cost $3,765,000)(a)(c) 3,765,000 3,887,363 ------------ INDUSTRIAL MACHINERY-0.45% Columbus McKinnon Corp., Sr. Sub. Global Notes, 8.88%, 11/01/13(a) 3,725,000 3,911,250 ------------
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-4 AIM High Yield Fund
PRINCIPAL AMOUNT VALUE ----------- ------------ INTEGRATED TELECOMMUNICATION SERVICES-0.93% Empresa Brasileira de Telecom S.A. (Brazil)-Series B, Gtd. Global Notes, 11.00%, 12/15/08(a) $ 3,630,000 $ 4,011,150 Hawaiian Telcom Communications Inc.-Series B, Sr. Unsec. Gtd. Sub. Global Notes, 12.50%, 05/01/15(a)(b) 3,770,000 4,052,750 ------------ 8,063,900 ------------ METAL & GLASS CONTAINERS-1.11% Greif, Inc., Sr. Unsec. Gtd. Sub. Global Notes, 8.88%, 08/01/12(a) 2,095,000 2,207,606 Owens-Brockway Glass Container Inc., Sr. Sec. Gtd. Global Notes, 8.75%, 11/15/12(a) 3,685,000 3,915,312 Sr. Unsec. Gtd. Global Notes, 8.25%, 05/15/13(a) 1,330,000 1,378,213 Pliant Corp., Sr. Sec. Global Notes, 1,865,000 2,116,775 11.63%, 06/15/09(a) ------------ 9,617,906 ------------ MOVIES & ENTERTAINMENT-1.79% AMC Entertainment Inc., Sr. Unsec. Sub. Global Notes, 8.00%, 03/01/14(a) 1,865,000 1,799,725 Series B, Sr. Unsec. Gtd. Global Notes, 8.63%, 08/15/12(a)(b) 2,815,000 2,920,562 Cinemark Inc., Sr. Unsec. Disc. 4,685,000 3,841,700 Global Notes, 9.75%, 03/15/14(a)(f) Marquee Holdings, Inc., Sr. Disc. Global Notes, 12.00%, 08/15/14(a)(f) 1,865,000 1,473,350 WMG Acquisition Corp., Sr. Sub. Global Notes, 7.38%, 04/15/14(a) 5,560,000 5,448,800 ------------ 15,484,137 ------------ OFFICE ELECTRONICS-0.55% Xerox Corp., Sr. Unsec. Notes, 6.75%, 02/01/17(a) 4,665,000 4,775,794 ------------ OIL & GAS EQUIPMENT & SERVICES-2.03% Allis-Chalmers Energy Inc. Sr. Notes, 9.00%, 01/15/14 (Acquired 08/09/06; Cost $1,865,000)(a)(c) 1,865,000 1,865,000 Basic Energy Services Inc., Sr Unsec. Gtd. Global Notes, 7.13%, 04/15/16(a) 2,105,000 2,026,063 CHC Helicopter Corp. (Canada), Sr. Sub. Global Notes, 7.38%, 05/01/14(a) 5,110,000 4,905,600 Hanover Compressor Co., Sr. Notes, 9.00%, 06/01/14(a) 1,855,000 1,982,531 PHI Inc., Sr. Notes, 7.13%, 04/15/13 (Acquired 04/07/06-10/19/06; Cost $6,867,850)(a)(c) 7,150,000 6,774,625 ------------ 17,553,819 ------------
PRINCIPAL AMOUNT VALUE ----------- ------------ OIL & GAS EXPLORATION & PRODUCTION-2.36% Clayton Williams Energy, Inc., Sr. Unsec. Gtd. Global Notes, 7.75%, 08/01/13(a) $ 3,680,000 $ 3,413,200 Delta Petroleum Corp., Sr. Unsec. Gtd. Global Notes, 7.00%, 04/01/15(a) 2,575,000 2,394,750 Encore Acquisition Co., Sr. Unsec. Sub. Global Notes, 6.00%, 07/15/15(a) 2,330,000 2,137,775 Paramount Resources Ltd. (Canada), Sr. Unsec. Unsub. Yankee Notes, 8.50%, 01/31/13(a) 7,806,000 7,845,030 Quicksilver Resources Inc., Sr. Unsec. Gtd. Sub. Notes, 7.13%, 04/01/16(a) 1,880,000 1,786,000 Whiting Petroleum Corp., Sr. Unsec. Gtd. Sub. Global Notes, 7.00%, 02/01/14(a) 2,820,000 2,791,800 ------------ 20,368,555 ------------ OIL & GAS REFINING & MARKETING-0.61% United Refining Co., Sr. Unsec. Gtd. Global Notes, 10.50%, 08/15/12(a) 5,065,000 5,286,594 ------------ OIL & GAS STORAGE & TRANSPORTATION-3.02% Copano Energy LLC, Sr. Unsec. Global Notes, 8.13%, 03/01/16(a) 1,865,000 1,904,631 El Paso Corp., Sr. Unsec. Global Notes, 7.75%, 06/15/10(a)(b) 3,650,000 3,814,250 MarkWest Energy Partners L.P./ MarkWest Energy Finance Corp., Sr. Notes, 8.50%, 07/15/16 (Acquired 10/16/06; Cost $1,400,000)(a)(c) 1,400,000 1,417,500 Series B, Sr. Unsec. Global Notes, 6.88%, 11/01/14(a) 5,805,000 5,485,725 SemGroup LP, Sr. Notes, 8.75%, 2,800,000 2,838,500 11/15/15 (Acquired 10/03/06; Cost $2,786,000)(a)(c) Sonat Inc., Sr. Unsec. Notes, 7.63%, 07/15/11(a) 8,340,000 8,694,450 Tennessee Gas Pipeline Co., Unsec. Deb., 7.50%, 04/01/17(a) 1,880,000 1,997,500 ------------ 26,152,556 ------------ PACKAGED FOODS & MEATS-1.53% Chiquita Brands International, Inc., Sr. Unsec. Global Notes, 7.50%, 11/01/14(a)(b) 3,720,000 3,227,100 Dole Foods Co. Inc., Sr. Unsec. Gtd. Global Notes, 7.25%, 06/15/10(a)(b) 5,620,000 5,282,800 Nutro Products Inc., Sr. Floating Rate Notes, 9.40%, 10/15/13 (Acquired 04/13/06; Cost $470,000)(a)(c)(e) 470,000 485,275 Sr. Sub. Notes, 10.75%, 04/15/14 (Acquired 04/13/06-07/07/06; Cost $4,080,444)(a)(c) 3,965,000 4,267,331 ------------ 13,262,506 ------------
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-5 AIM High Yield Fund
PRINCIPAL AMOUNT VALUE ----------- ------------ PAPER PACKAGING-1.35% Caraustar Industries, Inc., Unsec. Unsub. Notes, 7.38%, 06/01/09(a) $ 7,715,000 $ 7,454,619 Jefferson Smurfit Corp., Sr. Unsec. Gtd. Unsub. Global Notes, 7.50%, 06/01/13(a) 4,490,000 4,198,150 ------------ 11,652,769 ------------ PAPER PRODUCTS-3.15% Abitibi-Consolidated Finance L.P., Unsec. Gtd. Notes, 7.88%, 08/01/09(a) 2,825,000 2,793,219 Abitibi-Consolidated Inc. (Canada), Unsec. Unsub. Yankee Notes, 8.55%, 08/01/10(a) 4,660,000 4,502,725 Boise Cascade LLC, Sr. Unsec. Gtd. Sub. Global Notes, 7.13%, 10/15/14(a) 2,235,000 2,117,662 Bowater Inc., Global Notes, 6.50%, 06/15/13(a)(b) 1,655,000 1,475,019 Cellu Tissue Holdings, Inc., Sec. Gtd. Global Notes, 9.75%, 03/15/10(a) 2,975,000 2,967,562 Domtar Inc. (Canada), Yankee Notes, 5.38%, 12/01/13(a) 945,000 833,963 7.13%, 08/15/15(a)(b) 1,840,000 1,764,100 Exopack Holding Corp., Sr. Notes, 2,335,000 2,457,587 11.25%, 02/01/14 (Acquired 01/26/06-01/27/06; Cost $2,342,025)(a)(c) Mercer International Inc., Sr. Global Notes, 9.25%, 02/15/13(a) 2,760,000 2,566,800 Neenah Paper, Inc., Sr. Unsec. Gtd. Global Notes, 7.38%, 11/15/14(a) 3,015,000 2,864,250 Verso Paper Holdings LLC/Verson Paper Inc., Sr. Sec. Notes, 9.13%, 08/01/14 (Acquired 07/26/06; Cost $2,800,000)(a)(c) 2,800,000 2,870,000 ------------ 27,212,887 ------------ PERSONAL PRODUCTS-0.92% DEL Laboratories Inc., Sr. Unsec. Gtd. Sub. Global Notes, 8.00%, 02/01/12(a)(b) 3,740,000 3,403,400 NBTY Inc., Sr. Unsec. Sub. Global Notes, 7.13%, 10/01/15(a) 4,650,000 4,545,375 ------------ 7,948,775 ------------ PHARMACEUTICALS-2.22% Athena Neurosciences Finance, LLC, Sr. Unsec. Gtd. Unsub. Notes, 7.25%, 02/21/08(a) 8,050,000 8,070,125 Elan Finance PLC/ Elan Finance Corp. (Ireland), Sr. Unsec. Gtd. Global Notes, 7.75%, 11/15/11(a) 2,795,000 2,770,544 Leiner Health Products Inc., Sr. Sub. Global Notes, 11.00%, 06/01/12(a)(b) 3,630,000 3,602,775 Valeant Pharmaceuticals International, Sr. Unsec. Global Notes, 7.00%, 12/15/11(a) 4,875,000 4,728,750 ------------ 19,172,194 ------------
PRINCIPAL AMOUNT VALUE ----------- ------------ PUBLISHING-2.52% Dex Media Inc., Unsec. Disc. Global Notes, 9.00%, 11/15/13(a)(f) $ 7,455,000 $ 6,541,762 Houghton Mifflin Co., Sr. Sub. Global Notes, 9.88%, 02/01/13(a)(b) 1,355,000 1,463,400 Nielsen Finance LLC/Nielsen Finance Co., Sr. Sub. Disc. Notes, 12.50%, 08/01/16 (Acquired 10/11/06-10/24/06; Cost $2,828,625)(a)(b)(c)(f) 4,660,000 2,883,375 PRIMEDIA Inc., Sr. Global Notes, 8.00%, 05/15/13(a) 4,665,000 4,355,944 Vertis Inc.-Series B, Sr. Unsec. Gtd. Global Notes, 10.88%, 06/15/09(a)(b) 6,555,000 6,555,000 ------------ 21,799,481 ------------ RAILROADS-1.51% Grupo Transportacion Ferroviaria Mexicana, S.A. de C.V. (Mexico), Sr. Global Notes, 9.38%, 05/01/12(a) 9,335,000 10,058,462 Kansas City Southern Railway, Sr. Unsec. Gtd. Global Notes, 7.50%, 06/15/09(a) 2,980,000 3,039,600 ------------ 13,098,062 ------------ RESTAURANTS-0.66% Carrols Corp., Sr. Unsec. Gtd. Sub. Global Notes, 9.00%, 01/15/13(a)(b) 5,555,000 5,679,988 ------------ SEMICONDUCTOR EQUIPMENT-1.09% Amkor Technology Inc., Sr. Unsec. Global Notes, 7.13%, 03/15/11(a)(b) 8,395,000 7,576,487 Sensata Technologies B.V (Netherlands), Sr. Notes, 8.00%, 05/01/14 (Acquired 04/21/06-04/25/06; Cost $1,890,575)(a)(c) 1,880,000 1,823,600 ------------ 9,400,087 ------------ SEMICONDUCTORS-0.72% MagnaChip Semiconductor S.A./MagnaChip Semiconductor Finance Co. (South Korea), Sr. Sec. Deb. Global Notes, 6.88%, 12/15/11(a) 5,465,000 4,604,263 Viasystems Inc., Sr. Unsec. Sub. Global Notes, 10.50%, 01/15/11(a) 1,638,000 1,621,620 ------------ 6,225,883 ------------ SPECIALTY CHEMICALS-2.40% Johnsondiversey Holdings Inc., Unsec. Disc. Global Notes, 10.67%, 05/15/13(a)(f) 3,604,000 3,275,135 Johnsondiversey, Inc.-Series B, Sr. Unsec. Gtd. Sub. Global Notes, 9.63%, 05/15/12(a) 1,880,000 1,941,100 NewMarket Corp., Sr. Unsec. Gtd. Global Notes, 8.88%, 05/01/10(a) 940,000 982,300 OM Group, Inc., Sr. Unsec. Gtd. Sub. Global Notes, 9.25%, 12/15/11(a) 12,185,000 12,763,787 Polypore, Inc., Sr. Sub. Global Notes, 8.75%, 05/15/12(a)(b) 1,865,000 1,832,363 ------------ 20,794,685 ------------
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-6 AIM High Yield Fund
PRINCIPAL AMOUNT VALUE ----------- ------------ SPECIALTY STORES-0.72% General Nutrition Centers Inc., Sr. Unsec. Sub. Global Notes, 8.50%, 12/01/10(a) $ 6,215,000 $ 6,246,075 STEEL-0.69% AK Steel Corp., Sr. Unsec. Gtd. Global Notes, 7.75%, 06/15/12(a) 2,815,000 2,829,075 Metals USA, Inc., Sr. Sec. Gtd. Global Notes, 11.13%, 12/01/15(a)(b) 2,820,000 3,123,150 ------------ 5,952,225 ------------ TEXTILES-0.62% Invista, Sr. Notes, 9.25%, 05/01/12 (Acquired 04/23/04-04/26/06; Cost $5,259,150)(a)(c) 5,060,000 5,401,550 ------------ TIRES & RUBBER-0.66% Goodyear Tire & Rubber Co. (The), Sr. Unsec. Global Notes, 9.00%, 07/01/15(a)(b) 5,600,000 5,670,000 ------------ TRADING COMPANIES & DISTRIBUTORS-1.06% H&E Equipment Services Inc., Sr. Notes, 8.38%, 07/15/16 (Acquired 07/28/06; Cost $1,865,000)(a)(c) 1,865,000 1,930,275 United Rentals North America, Inc., Sr. Unsec. Gtd. Global Notes, 6.50%, 02/15/12(a) 3,395,000 3,318,612 Wesco Distribution Inc., Sr. Unsec. Gtd. Sub. Global Notes, 7.50%, 10/15/17(a) 3,865,000 3,922,975 ------------ 9,171,862 ------------ WIRELESS TELECOMMUNICATION SERVICES-3.51% American Cellular Corp.-Series B, Sr. Global Notes, 10.00%, 08/01/11(a) 1,415,000 1,492,825 Centennial Cellular Operating Co./Centennial Communications Corp., Sr. Unsec. Gtd. Global Notes, 10.13%, 06/15/13(a) 5,520,000 5,947,800 Dobson Cellular Systems Inc., Sr. Sec. Notes, 8.38%, 11/01/11 (Acquired 05/11/06; Cost $4,887,750)(a)(c) 4,655,000 4,870,294 MetroPCS Wireless Inc., Sr. Notes, 9.25%, 11/01/14 (Acquired 10/26/06; Cost $930,000)(a)(c) 930,000 946,275 Rogers Wireless Inc. (Canada), Sr. Sec. Global Notes, 6.38%, 03/01/14(a) 2,835,000 2,852,719 7.25%, 12/15/12(a) 2,295,000 2,421,225 Rural Cellular Corp., Sr. Sec. Global Notes, 8.25%, 03/15/12(a) 1,420,000 1,473,250 Sr. Unsec. Global Notes, 9.88%, 02/01/10(a) 5,575,000 5,881,625
PRINCIPAL AMOUNT VALUE ----------- ------------ WIRELESS TELECOMMUNICATION SERVICES-(CONTINUED) Suncom Wireless, Inc., Sr. Unsec. Gtd. Global Notes, 8.50%, 06/01/13(a) $ 4,675,000 $ 4,452,937 30,338,950 ------------ Total Bonds & Notes (Cost $780,270,006) 783,127,367 ------------
SHARES ----------- COMMON STOCKS & OTHER EQUITY INTERESTS-2.07% BROADCASTING & CABLE TV-0.33% NTL Inc. 103,800 2,805,714 XM Satellite Radio Inc. -Wts., expiring 03/15/10(g) 3,470 11,451 ------------ 2,817,165 ------------ CONSTRUCTION MATERIALS-0.00% Dayton Superior Corp. -Wts., expiring 06/15/09 (Acquired 08/07/00-01/30/01; Cost $10,000)(c)(g)(h)(i) 10,780 0 GENERAL MERCHANDISE STORES-0.03% Travelcenters of America, Inc. -Wts., expiring 05/01/09(a)(g)(i) 14,700 176,400 Travelcenters of America, Inc. -Wts., expiring 05/01/09(a)(g)(i) 4,900 58,800 ------------ 235,200 ------------ HOME FURNISHINGS-0.00% O'Sullivan Industries, Inc. -Series B, Pfd. -Wts., expiring 11/15/09 (Acquired 06/13/00; Cost $0)(c)(g)(h)(i) 21,155 0 O'Sullivan Industries, Inc. -Wts., expiring 11/15/09 (Acquired 06/13/00; Cost $0)(c)(g)(h)(i) 21,155 0 ------------ 0 ------------ INTEGRATED TELECOMMUNICATION SERVICES-0.00% NTELOS Inc. -Wts., expiring 08/15/10 (Acquired 07/21/00-11/15/00; Cost $214,160)(c)(g)(h)(i) 33,035 0 XO Holdings Inc. (j) 609 2,375 XO Holdings Inc. -Class A -Wts., expiring 01/16/10(j) 23,135 14,344 XO Holdings Inc. -Class B -Wts., expiring 01/16/10(j) 17,351 7,982 XO Holdings Inc. -Class C -Wts., expiring 01/16/10(j) 17,351 3,470 ------------ 28,171 ------------ WIRELESS TELECOMMUNICATION SERVICES-1.71% American Tower Corp. -Class A (k) 50,735 1,827,475
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-7 AIM High Yield Fund
SHARES VALUE ----------- ------------ WIRELESS TELECOMMUNICATION SERVICES-(CONTINUED) iPCS, Inc. (k) 240,253 $ 12,961,649 14,789,124 ------------ Total Common Stocks & Other Equity Interests (Cost $10,182,508) 17,869,660 ------------
PRINCIPAL AMOUNT ----------- ASSET-BACKED SECURITIES-1.12% ELECTRIC UTILITIES-1.12% Midwest Generation, LLC-Series B, Global Asset-Backed Pass Through Ctfs., 8.56%, 01/02/16(a) $ 6,106,564 6,598,905 Reliant Energy Mid-Atlantic Power Holdings, LLC-Series B, Sr. Unsec. Asset-Backed Pass Through Ctfs., 9.24%, 07/02/17(a) 2,781,556 3,061,450 ------------ Total Asset-Backed Securities (Cost $8,900,047) 9,660,355 ------------
SHARES ----------- PREFERRED STOCKS-1.03% INDEPENDENT POWER PRODUCERS & ENERGY TRADERS-1.01% AES Trust VII, $3.00 Conv. Pfd. 175,980 8,755,005 MULTI-UTILITIES-0.02% NRG Energy, Inc., $14.38 Conv. Pfd. 750 185,963 ------------ Total Preferred Stocks (Cost $7,054,535) 8,940,968 ------------
PRINCIPAL AMOUNT ----------- BUNDLED SECURITIES-0.46% Targeted Return Index Securities Trust -Series HY 2006-1 Sec. Bonds, 7.55%, 05/01/16 (Acquired 06/07/06; Cost $3,885,700)(a)(b)(c) $ 3,920,000 3,968,365 ------------ Total Bundled Securities (Cost $3,886,598) 3,968,365 ------------
SHARES ----------- MONEY MARKET FUNDS-1.77% Liquid Assets Portfolio -Institutional Class (l) 7,674,870 7,674,870 Premier Portfolio -Institutional Class (l) 7,674,870 7,674,870 ------------ Total Money Market Funds (Cost $15,349,740) 15,349,740 ------------
SHARES VALUE ----------- ------------ Total Investments (excluding investments purchased with cash collateral from securities loaned)-96.98% (Cost $825,643,434) $838,916,455 INVESTMENTS PURCHASED WITH CASH COLLATERAL FROM SECURITIES LOANED MONEY MARKET FUNDS-13.41% Liquid Assets Portfolio -Institutional Class (l)(m) 57,988,122 57,988,122 STIC Prime Portfolio -Institutional Class (l)(m) 57,988,121 57,988,121 Total Money Market Funds (purchased with cash collateral from securities loaned) (Cost $115,976,243) 115,976,243 TOTAL INVESTMENTS-110.39% (Cost $941,619,677) 954,892,698 OTHER ASSETS LESS LIABILITIES-(10.39)% (89,856,338) ------------ NET ASSETS-100.00% $865,036,360 ============
Investment Abbreviations: Conv. -- Convertible Ctfs. -- Certificates Deb. -- Debentures Disc. -- Discounted Gtd. -- Guaranteed Pfd. -- Preferred Sec. -- Secured Sr. -- Senior Sub. -- Subordinated Unsec. -- Unsecured Unsub. -- Unsubordinated Wts. -- Warrants
Notes to Schedule of Investments: (a) In accordance with the procedures established by the Board of Trustees, security fair valued based on an evaluated quote provided by an independent pricing service. The aggregate value of these securities at October 31, 2006 was $796,056,637, which represented 92.03% of the Fund's Net Assets. See Note 1A. (b) All or a portion of this security was out on loan at October 31, 2006. (c) Security not registered under the Securities Act of 1933, as amended (e.g., the security was purchased in a Rule 144A transaction or a Regulation D transaction). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The Fund has no rights to demand registration of these securities. The aggregate value of these securities at October 31, 2006 was $116,880,501, which represented 13.51% of the Fund's Net Assets. Unless otherwise indicated, these securities are not considered to be illiquid. (d) Defaulted security. Adelphia Communications Corp., Delphi Corp. and Federal-Mogul Corp. have filed for protection under Chapter 11 of the U.S. Bankruptcy Code. The aggregate value of these securities at October 31, 2006 was $7,090,006, which represented 0.82% of the Fund's Net Assets. (e) Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on October 31, 2006. (f) Step coupon bond. The interest rate represents the coupon rate at which the bond will accrue at a specified future date. SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-8 (g) Non-income producing security acquired as part of a unit with or in exchange for other securities. (h) Security fair valued in good faith in accordance with the procedures established by the Board of Trustees. The aggregate value of these securities at October 31, 2006 was $0, which represented 0% of the Fund's Net Assets. See Note 1A. (i) Security considered to be illiquid. The Fund is limited to investing 15% of net assets in illiquid securities at the time of purchase. The aggregate value of these securities considered illiquid at October 31, 2006 was $235,200, which represented 0.03% of the Fund's Net Assets. (j) Non-income producing security acquired through a corporate action. (k) Non-income producing security. (l) The money market fund and the Fund are affiliated by having the same investment advisor. See Note 2. (m) The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned. See Note 3. SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-9 AIM High Yield Fund NOTES TO QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS October 31, 2006 (Unaudited) NOTE 1 -- SIGNIFICANT ACCOUNTING POLICIES A. SECURITY VALUATIONS - Securities, including restricted securities, are valued according to the following policy. A security listed or traded on an exchange (except convertible bonds) is valued at its last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded, or lacking any sales or official closing price on a particular day, the security may be valued at the closing bid price on that day. Securities traded in the over-the-counter market are valued based on the prices furnished by independent pricing services, in which case the securities may be considered fair valued, or by market makers. Futures contracts are valued at the final settlement price set by an exchange on which they are principally traded. Listed options are valued at the mean between the last bid and the ask prices from the exchange on which they are principally traded. Options not listed on an exchange are valued by an independent source at the mean between the last bid and ask prices. For purposes of determining net asset value per share, futures and option contracts generally are valued 15 minutes after the close of the customary trading session of the New York Stock Exchange ("NYSE"). Investments in open-end registered investment companies and closed-end registered investment companies that do not trade on an exchange are valued at the end of day net asset value per share. Investments in closed-end registered investment companies that trade on an exchange are valued at the last sales price as of the close of the customary trading session on the exchange where the security is principally traded. Debt obligations (including convertible bonds) are fair valued using an evaluated quote provided by an independent pricing service. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices, and may reflect appropriate factors such as institution-size trading in similar groups of securities, developments related to specific securities, dividend rate, yield, quality, type of issue, coupon rate, maturity, individual trading characteristics and other market data. Short-term obligations having 60 days or less to maturity and commercial paper are recorded at amortized cost which approximates value. Foreign securities (including foreign exchange contracts) are converted into U.S. dollar amounts using the applicable exchange rates as of the close of the NYSE. If market quotations are available and reliable for foreign exchange traded equity securities, the securities will be valued at the market quotations. Because trading hours for certain foreign securities end before the close of the NYSE, closing market quotations may become unreliable. If between the time trading ends on a particular security and the close of the customary trading session on the NYSE, events occur that are significant and may make the closing price unreliable, the Fund may fair value the security. If the event is likely to have affected the closing price of the security, the security will be valued at fair value in good faith using procedures approved by the Board of Trustees. Adjustments to closing prices to reflect fair value may also be based on a screening process of an independent pricing service to indicate the degree of certainty, based on historical data, that the closing price in the principal market where a foreign security trades is not the current value as of the close of the NYSE. Foreign securities meeting the approved degree of certainty that the price is not reflective of current value will be priced at the indication of fair value from the independent pricing service. Multiple factors may be considered by the independent pricing service in determining adjustments to reflect fair value and may include information relating to sector indices, ADRs and domestic and foreign index futures. Securities for which market prices are not provided by any of the above methods are valued based upon quotes furnished by independent sources and are valued at the last bid price in the case of equity securities and in the case of debt obligations, the mean between the last bid and asked prices. Securities for which market quotations are not readily available or are unreliable are valued at fair value as determined in good faith by or under the supervision of the Trust's officers following procedures approved by the Board of Trustees. Issuer specific events, market trends, bid/ask quotes of F-10 AIM High Yield Fund A. SECURITY VALUATIONS - (CONTINUED) brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security's fair value. B. SECURITIES TRANSACTIONS AND INVESTMENT INCOME - Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income is recorded on the accrual basis from settlement date. Dividend income is recorded on the ex-dividend date. Bond premiums and discounts are amortized and/or accreted for financial reporting purposes. Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of realized and unrealized gain (loss) from investment securities reported in the Statement of Operations and the Statement of Changes in Net Assets and the realized and unrealized net gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of the Fund's net asset value and, accordingly, they reduce the Fund's total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statement of Operations and Statement of Changes in Net Assets, or the net investment income per share and ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Fund and the advisor. The Fund allocates realized and unrealized capital gains and losses to a class based on the relative net assets of each class. The Fund allocates income to a class based on the relative value of the settled shares of each class. C. COUNTRY DETERMINATION - For the purposes of making investment selection decisions and presentation in the Schedule of Investments, AIM may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuer's securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America unless otherwise noted. D. FOREIGN CURRENCY TRANSLATIONS - Foreign currency is valued at the close of the NYSE based on quotations posted by banks and major currency dealers. Portfolio securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at date of valuation. Purchases and sales of portfolio securities (net of foreign taxes withheld on disposition) and income items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions. The Fund does not separately account for the portion of the results of operations resulting from changes in foreign exchange rates on investments and the fluctuations arising from changes in market prices of securities held. The combined results of changes in foreign exchange rates and the fluctuation of market prices on investments (net of estimated foreign tax withholding) are included with the net realized and unrealized gain or loss from investments in the Statement of Operations. Reported net realized foreign currency gains or losses arise from (i) sales of foreign currencies, (ii) currency gains or losses realized between the trade and settlement dates on securities transactions, and (iii) the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund's books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign currency gains and losses arise from changes in the fair values of assets and liabilities, other than investments in securities at fiscal period end, resulting from changes in exchange rates. E. FOREIGN CURRENCY CONTRACTS - A foreign currency contract is an obligation to purchase or sell a specific currency for an agreed-upon price at a future date. The Fund may enter into a foreign currency contract to attempt to minimize the risk to the Fund from adverse changes in the relationship between currencies. The Fund may also enter into a foreign currency contract for the purchase or sale of a security denominated in a foreign currency in order to "lock in" the U.S. dollar price of that security. Realized and unrealized gains and losses on these contracts are included in the Statement of Operations. The Fund could be exposed to risk, which may be in excess of the amount reflected in the F-11 AIM High Yield Fund E. FOREIGN CURRENCY CONTRACTS - (CONTINUED) Statement of Assets and Liabilities, if counterparties to the contracts are unable to meet the terms of their contracts or if the value of the foreign currency changes unfavorably. F. LOWER-RATED SECURITIES - The Fund normally invests at least 80% of its net assets in lower-quality debt securities, i.e., "junk bonds". Investments in lower-rated securities or unrated securities of comparable quality tend to be more sensitive to economic conditions than higher rated securities. Junk bonds involve a greater risk of default by the issuer because such securities are generally unsecured and are often subordinated to other creditors' claims. NOTE 2--INVESTMENTS IN AFFILIATES The Fund is permitted, pursuant to procedures approved by the Board of Trustees, to invest daily available cash balances and cash collateral from securities lending transactions in affiliated money market funds. The Fund and the money market funds below have the same investment advisor and therefore, are considered to be affiliated. The tables below show the transactions in and earnings from investments in affiliated money market funds for the three months ended October 31, 2006. INVESTMENTS OF DAILY AVAILABLE CASH BALANCES:
CHANGE IN UNREALIZED REALIZED VALUE PURCHASES PROCEEDS APPRECIATION VALUE DIVIDEND GAIN FUND 07/31/06 AT COST FROM SALES (DEPRECIATION) 10/31/06 INCOME (LOSS) - ---- ----------- ----------- ------------ -------------- ----------- -------- -------- Liquid Assets Portfolio - Institutional Class $ 5,172,134 $49,467,517 $(46,964,781) $-- $ 7,674,870 $ 97,084 $-- Premier Portfolio- Institutional Class 5,172,134 49,467,517 (46,964,781) -- 7,674,870 95,135 -- ----------- ----------- ------------ --- ----------- -------- --- SUBTOTAL $10,344,268 $98,935,034 $(93,929,562) $-- $15,349,740 $192,219 $-- =========== =========== ============ === =========== ======== ===
INVESTMENTS OF CASH COLLATERAL FROM SECURITIES LENDING TRANSACTIONS:
CHANGE IN UNREALIZED REALIZED VALUE PURCHASES PROCEEDS APPRECIATION VALUE DIVIDEND GAIN FUND 07/31/06 AT COST FROM SALES (DEPRECIATION) 10/31/06 INCOME* (LOSS) - ---- ------------ ------------ ------------ -------------- ------------ -------- -------- Liquid Assets Portfolio - Institutional Class $ 45,552,897 $ 55,146,252 $ (42,711,027) $-- $ 57,988,122 $277,200 $-- STIC Prime Portfolio - Institutional Class 45,552,897 55,146,251 (42,711,027) -- 57,988,121 279,051 -- ------------ ------------ ------------- --- ------------ -------- --- SUBTOTAL $ 91,105,794 $110,292,503 $ (85,422,054) $-- $115,976,243 $556,251 $-- ============ ============ ============= === ============ ======== === TOTAL INVESTMENTS IN AFFILIATES $101,450,062 $209,227,537 $(179,351,616) $-- $131,325,983 $748,470 $-- ============ ============ ============= === ============ ======== ===
* Net of compensation to counterparties. F-12 AIM High Yield Fund NOTE 3 -- PORTFOLIO SECURITIES LOANED The Fund may lend portfolio securities having a market value up to one-third of the Fund's total assets. Such loans are secured by collateral equal to no less than the market value of the loaned securities determined daily. Such collateral will be cash or debt securities issued or guaranteed by the U.S. Government or any of its agencies. Cash collateral received in connection with these loans is invested in short-term money market instruments or affiliated money market funds. It is the Fund's policy to obtain additional collateral from or return excess collateral to the borrower by the end of the next business day, following the valuation date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than the value of the securities on loan. Lending securities entails a risk of loss to the Fund if and to the extent that the market value of the securities loaned were to increase and the borrower did not increase the collateral accordingly, and the borrower fails to return the securities. The Fund could also experience delays and costs in gaining access to the collateral. The Fund bears the risk of any deficiency in the amount of the collateral available for return to the borrower due to any loss on the collateral invested. At October 31, 2006, securities with an aggregate value of $114,233,922 were on loan to brokers. The loans were secured by cash collateral of $115,976,243 received by the Fund and subsequently invested in affiliated money market funds. For the three months ended October 31, 2006, the Fund received dividends on cash collateral investments of $556,251 for securities lending transactions, which are net of compensation to counterparties. NOTE 4 -- INVESTMENT SECURITIES The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the three months ended October 31, 2006 was $183,692,462 and $202,686,999, respectively. For interim reporting periods, the cost of investments for tax purposes includes reversals of certain tax items, such as, wash sales that have occurred since the prior fiscal year-end. Receivable for investments matured represents the estimated proceeds to the Fund by Adelphia Communications Corp. which is in default with respect to the principal payments on $5,085,000 par value, Senior Unsecured Notes, 9.50%, which were due March 1, 2005. The estimate was determined in accordance with the fair valuation procedures authorized by the Board of Trustees. Unrealized appreciation at October 31, 2006 was $94,219. UNREALIZED APPRECIATION (DEPRECIATION) OF INVESTMENT SECURITIES ON A TAX BASIS Aggregate unrealized appreciation of investment securities $24,134,217 Aggregate unrealized (depreciation) of investment securities (13,623,845) ----------- Net unrealized appreciation of investment securities $10,510,372 ============
Cost of investments for tax purposes is $944,382,326. F-13 AIM INCOME FUND Quarterly Schedule of Portfolio Holdings - October 31, 2006 YOUR GOALS. OUR SOLUTIONS.(R) (AIM INVESTMENTS(R) LOGO) AIMINVESTMENTS.COM INC-QTR-1 10/06 A I M Advisors, Inc. AIM Income Fund SCHEDULE OF INVESTMENTS October 31, 2006 (Unaudited)
PRINCIPAL AMOUNT VALUE ------------------- ------------ U.S. DOLLAR DENOMINATED BONDS & NOTES-82.14% AEROSPACE & DEFENSE-0.70% Systems 2001 Asset Trust LLC (United Kingdom)-Series 2001, Class G, Pass Through Ctfs., (INS-MBIA Insurance Corp.) 6.66%, 09/15/13 (Acquired 02/09/05-10/27/05; Cost $4,191,943)(a)(b)(c) $ 3,817,134 $ 4,020,720 ------------ APPAREL RETAIL-0.27% Gap Inc. (The), Unsec. Notes, 6.90%, 09/15/07(b) 1,540,000 1,555,978 ------------ ASSET MANAGEMENT & CUSTODY BANKS-1.77% Bank of New York Institutional Capital Trust-Series A, Trust Pfd. Bonds, 7.78%, 12/01/26 (Acquired 06/12/03; Cost $3,715,292)(a)(b) 3,115,000 3,247,045 ------------ GAMCO Investors, Inc., Sr. Unsec. Unsub. Notes, 5.22%, 02/17/07(b) 1,755,000 1,752,877 ------------ Janus Capital Group Inc., Sr. Unsec. Notes, 7.00%, 11/01/06(b) 1,650,000 1,649,736 ------------ Mellon Capital II-Series B, Jr. Gtd. Sub. Trust Pfd. Bonds, 8.00%, 01/15/27(b) 2,075,000 2,168,188 ------------ Nuveen Investments, Inc., Sr. Unsec. Sub. Notes, 5.50%, 09/15/15(b) 1,425,000 1,396,229 ------------ 10,214,075 ------------ AUTOMOBILE MANUFACTURERS-0.70% DaimlerChrysler North America Holding Corp., Gtd. Floating Rate Global Notes, 5.64%, 03/07/07(b)(d) 500,000 500,179 ------------ Notes, 4.13%, 03/07/07(b) 3,525,000 3,509,067 ------------ 4,009,246 ------------ BROADCASTING & CABLE TV-5.84% Adelphia Communications Corp., Sr. Unsec. Notes, 10.88%, 10/01/10(b)(e) 885,000 696,938 ------------ CBS Corp., Sr. Unsec. Gtd. Global Notes, 5.63%, 05/01/07(b) 7,670,000 7,674,218 ------------ Unsec. Gtd. Deb., 7.88%, 09/01/23(b) 920,000 980,370 ------------ Clear Channel Communications, Inc., Sr. Unsec. Notes, 3.13%, 02/01/07(b) 2,065,000 2,051,619 ------------ Comcast Cable Communications Holdings Inc., Unsec. Gtd. Global Notes, 9.46%, 11/15/22(b) 5,030,000 6,587,288 ------------ Comcast Corp., Sr. Sub. Deb., 10.63%, 07/15/12(b) 4,010,000 4,896,170 ------------
PRINCIPAL AMOUNT VALUE ------------------- ------------ BROADCASTING & CABLE TV-(CONTINUED) Cox Enterprises, Inc., Notes, 8.00%, 02/15/07 (Acquired 01/27/06-04/27/06; Cost $6,419,340)(a)(b) $ 6,260,000 $ 6,297,748 ------------ CSC Holdings Inc., Sr. Unsec. Notes, 7.88%, 12/15/07(b) 1,925,000 1,961,094 ------------ Series B, Sr. Unsec. Unsub. Notes, 7.63%, 04/01/11(b) 645,000 654,675 ------------ Time Warner Entertainment Co. L.P., Sr. Unsec. Deb., 8.38%, 03/15/23(b) 1,600,000 1,898,016 ------------ 33,698,136 ------------ CASINOS & GAMING-2.03% Caesars Entertainment, Inc., Sr. Unsec. Notes, 8.50%, 11/15/06(b) 7,520,000 7,529,550 ------------ Harrah's Operating Co., Inc., Unsec. Gtd. Global Notes, 7.13%, 06/01/07(b) 4,145,000 4,167,259 ------------ 11,696,809 ------------ CONSUMER FINANCE-7.28% Capital One Capital I, Sub. Floating Rate Trust Pfd. Bonds, 7.04%, 02/01/27 (Acquired 09/15/04-04/12/06; Cost $5,665,402)(a)(b)(d) 5,600,000 5,647,208 ------------ Capital One Financial Corp., Sr. Unsec. Notes, 8.75%, 02/01/07(b) 751,000 756,572 ------------ Ford Motor Credit Co., Floating Rate Medium Term Notes, 6.19%, 09/28/07(b)(d) 2,760,000 2,746,101 ------------ Notes, 6.63%, 06/16/08(b) 2,760,000 2,725,169 ------------ Sr. Unsec. Notes, 4.95%, 01/15/08(b) 11,530,000 11,269,768 ------------ Unsec. Floating Rate Euro Medium Term Notes, 5.59%, 03/13/07(b)(d) 3,550,000 3,527,103 ------------ General Motors Acceptance Corp., Floating Rate Medium Term Notes, 6.27%, 01/16/07(b)(d) 8,280,000 8,288,571 ------------ 6.24%, 03/20/07(b)(d) 1,475,000 1,475,468 ------------ Series GM, Sr. Medium Term Notes, 6.31%, 11/30/07(b) 5,540,000 5,535,346 ------------ 41,971,306 ------------ DIVERSIFIED BANKS-7.60% Bangkok Bank PCL (Hong Kong), Unsec. Sub. Notes, 9.03%, 03/15/29 (Acquired 04/21/05-05/11/06; Cost $5,496,246)(a)(b) 4,465,000 5,500,434 ------------
F-1 AIM Income Fund
PRINCIPAL AMOUNT VALUE ------------------- ------------ DIVERSIFIED BANKS-(CONTINUED) BankAmerica Institutional-Series A, Gtd. Trust Pfd. Bonds, 8.07%, 12/31/26 (Acquired 02/15/06-09/26/06; Cost $2,493,941)(a)(b) $ 2,380,000 $ 2,487,171 ------------ BankBoston Capital Trust II-Series B, Gtd. Trust Pfd. Bonds, 7.75%, 12/15/26(b) 3,644,000 3,799,745 ------------ Barclays Bank PLC (United Kingdom), Floating Rate Global Notes, 4.53%, 08/08/07 (Acquired 04/06/06; Cost $1,492,215)(a)(b)(d) 1,500,000 1,500,540 ------------ Centura Capital Trust I, Gtd. Trust Pfd. Notes, 8.85%, 06/01/27 (Acquired 05/22/03-11/22/04; Cost $6,116,283)(a)(b) 4,840,000 5,135,966 ------------ First Empire Capital Trust I, Gtd. Trust Pfd. Notes, 8.23%, 02/01/27(b) 3,790,000 3,970,935 ------------ Lloyds Bank PLC (United Kingdom)-Series 1, Unsec. Sub. Floating Rate Euro Notes, 5.75% (b)(d)(f) 2,300,000 2,024,784 ------------ Mizuho Financial Group Cayman Ltd. (Cayman Islands), Gtd. Sub. Second Tier Euro Bonds, 8.38% (b)(f) 1,070,000 1,133,424 ------------ National Bank of Canada (Canada), Floating Rate Euro Deb., 5.63%, 08/29/87(b)(d) 2,700,000 2,209,437 ------------ National Westminster Bank PLC (United Kingdom)-Series B, Unsec. Sub. Floating Rate Euro Notes, 5.69% (b)(d)(f) 3,270,000 2,827,232 ------------ NBD Bank N.A. Michigan, Unsec. Sub. Deb., 8.25%, 11/01/24(b) 2,080,000 2,615,142 ------------ RBS Capital Trust III, Sub. Trust Pfd. Global Notes, 5.51% (b)(f) 1,350,000 1,329,426 ------------ Sumitomo Mitsui Banking Corp. (Japan), Sub. Second Tier Euro Notes, 8.15% (b)(f) 3,200,000 3,340,326 ------------ US Trust Capital Trust-Series A, Trust Pfd. Bonds, 8.41%, 02/01/27 (Acquired 02/15/06; Cost $3,185,666)(a)(b) 2,990,000 3,138,753 ------------ VTB Capital S.A. (Russia), Sr. Floating Rate Notes, 6.14%, 09/21/07 (Acquired 12/14/05; Cost $2,790,000)(a)(b)(d) 2,790,000 2,798,021 ------------ 43,811,336 ------------ DIVERSIFIED CHEMICALS-0.40% Hercules Inc., Unsec. Putable Deb., 6.60%, 08/01/07(b) 2,300,000 2,301,035 ------------ DIVERSIFIED METALS & MINING-0.29% Reynolds Metals Co., Medium Term Notes, 7.00%, 05/15/09(b) 1,650,000 1,688,198 ------------ DRUG RETAIL-0.16% Rite Aid Corp., Sr. Unsec. Unsub. Notes, 7.13%, 01/15/07(b) 920,000 922,300 ------------
PRINCIPAL AMOUNT VALUE ------------------- ------------ ELECTRIC UTILITIES-2.96% Commonwealth Edison Co., Unsec. Notes, 7.63%, 01/15/07(b) $ 2,530,000 $ 2,536,603 ------------ Indiana Michigan Power Co.-Series C, Sr. Unsec. Notes, 6.13%, 12/15/06(b) 720,000 720,583 ------------ Mission Energy Holding Co., Sr. Sec. Global Notes, 13.50%, 07/15/08(b) 1,840,000 2,056,200 ------------ Potomac Electric Power Co.-Series A, Medium Term Notes, 7.64%, 01/17/07(b) 550,000 551,942 ------------ Sierra Pacific Power Co.-Series C, Medium Term Notes, 6.62%, 11/29/06(b) 7,350,000 7,354,557 ------------ Southern Co. Capital Trust I, Gtd. Trust Pfd. Notes, 8.19%, 02/01/37(b) 3,680,000 3,851,782 ------------ 17,071,667 ------------ FOOD RETAIL-1.24% Kroger Co. (The), Notes, 7.80%, 08/15/07(b) 2,950,000 3,002,274 ------------ Sr. Unsec. Notes, 7.65%, 04/15/07(b) 3,020,000 3,049,113 ------------ Safeway Inc., Sr. Sub. Deb., 9.88%, 03/15/07(b) 77,000 78,204 ------------ Sr. Unsec. Notes, 7.00%, 09/15/07(b) 993,000 1,005,125 ------------ 7,134,716 ------------ GAS UTILITIES-0.97% Consolidated Natural Gas Co.-Series B, Sr. Unsec. Unsub. Notes, 5.38%, 11/01/06(b) 5,610,000 5,609,046 ------------ GENERAL MERCHANDISE STORES-0.16% Pantry, Inc. (The), Sr. Sub. Global Notes, 7.75%, 02/15/14(b) 920,000 933,800 ------------ HEALTH CARE SERVICES-0.32% Orlando Lutheran Towers Inc., Bonds, 7.75%, 07/01/11(b) 1,830,000 1,824,071 ------------ HOME IMPROVEMENT RETAIL-0.16% Sherwin-Williams Co. (The), Sr. Notes, 6.85%, 02/01/07(b) 930,000 933,041 ------------ HOMEBUILDING-1.43% D.R. Horton, Inc., Sr. Unsec. Gtd. Notes, 8.00%, 02/01/09(b) 2,725,000 2,860,296 ------------ Sr. Unsec. Notes, 7.88%, 08/15/11(b) 5,000,000 5,371,650 ------------ 8,231,946 ------------ HOUSEHOLD APPLIANCES-0.16% Maytag Corp.-Series E, Medium Term Notes, 6.88%, 12/01/06(b) 920,000 921,739 ------------ HOUSEWARES & SPECIALTIES-0.05% Newell Rubbermaid Inc., Unsec. Notes, 6.00%, 03/15/07(b) 300,000 300,432 ------------
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-2 AIM Income Fund
PRINCIPAL AMOUNT VALUE ------------------- ------------ INSURANCE BROKERS-0.83% Aon Corp., Unsec. Notes, 6.95%, 01/15/07(b) $ 240,000 $ 240,602 ------------ Marsh & McLennan Cos., Inc., Sr. Unsec. Global Notes, 5.38%, 03/15/07(b) 4,550,000 4,546,451 ------------ 4,787,053 ------------ INTEGRATED OIL & GAS-2.74% ConocoPhillips, Unsec. Deb., 7.13%, 03/15/28(b) 4,185,000 4,365,081 ------------ Duke Energy Field Services LLC, Sr. Unsec. Notes, 5.75%, 11/15/06(b) 1,460,000 1,460,000 ------------ Husky Oil Ltd. (Canada), Sr. Unsec. Yankee Notes, 7.13%, 11/15/06(b) 3,650,000 3,651,934 ------------ Yankee Bonds, 8.90%, 08/15/28(b) 6,000,000 6,307,500 ------------ 15,784,515 ------------ INTEGRATED TELECOMMUNICATION SERVICES-5.73% Embarq Corp., Sr. Unsec. Notes, 7.08%, 06/01/16(b) 2,770,000 2,839,389 ------------ SBC Communications Capital Corp.-Series D, Medium Term Notes, 6.68%, 11/28/07(b) 3,380,000 3,426,002 ------------ TCI Communications Financing III, Gtd. Trust Pfd. Bonds, 9.65%, 03/31/27(b) 5,250,000 5,591,827 ------------ TELUS Corp. (Canada), Yankee Notes, 7.50%, 06/01/07(b) 2,240,000 2,265,155 ------------ Verizon California Inc.-Series G, Unsec. Deb., 5.50%, 01/15/09(b) 1,840,000 1,846,127 ------------ Verizon Communications Inc., Unsec. Deb., 8.75%, 11/01/21(b) 5,560,000 6,695,352 ------------ Verizon Florida Inc.-Series F, Sr. Unsec. Deb., 6.13%, 01/15/13(b) 1,380,000 1,407,807 ------------ Verizon New York Inc., Unsec. Deb., 7.00%, 12/01/33(b) 1,990,000 2,030,994 ------------ Verizon Virginia Inc.-Series A, Unsec. Global Deb., 4.63%, 03/15/13(b) 7,375,000 6,944,374 ------------ 33,047,027 ------------ INTERNET RETAIL-0.28% Expedia, Inc., Putable Bonds, 7.46%, 08/15/13 (Acquired 08/16/06; Cost $1,535,000)(a)(b) 1,535,000 1,617,644 ------------ INVESTMENT BANKING & BROKERAGE-0.16% Dryden Investor Trust, Bonds, 7.16%, 07/23/08 (Acquired 04/10/06; Cost $305,568)(a)(b) 300,180 304,934 ------------ Jefferies Group, Inc.-Series B, Sr. Unsec. Notes, 7.50%, 08/15/07(b) 590,000 599,051 ------------ 903,985 ------------ LEISURE PRODUCTS-0.85% Brunswick Corp., Unsec. Notes, 6.75%, 12/15/06(b) 4,890,000 4,896,259 ------------
PRINCIPAL AMOUNT VALUE ------------------- ------------ LIFE & HEALTH INSURANCE-2.20% Americo Life Inc., Notes, 7.88%, 05/01/13 (Acquired 04/25/03; Cost $1,314,253)(a)(b) $ 1,330,000 $ 1,344,989 ------------ Prudential Holdings, LLC-Series B, Bonds, (INS-Financial Security Assurance Inc.) 7.25%, 12/18/23 (Acquired 01/22/04-01/29/04; Cost $7,072,349)(a)(b)(c) 6,000,000 7,020,480 ------------ Sun Life Canada (U.S.) Capital Trust, Gtd. Trust Pfd. Notes, 8.53% (Acquired 02/13/06; Cost $4,388,202)(a)(b)(f) 4,090,000 4,322,966 ------------ 12,688,435 ------------ MANAGED HEALTH CARE-0.25% Cigna Corp., Unsec. Notes, 7.40%, 05/15/07(b) 1,450,000 1,464,515 ------------ METAL & GLASS CONTAINERS-0.27% Owens-Brockway Glass Container Inc., Sr. Unsec. Gtd. Global Notes, 8.25%, 05/15/13(b) 1,485,000 1,538,831 ------------ MOVIES & ENTERTAINMENT-1.64% News America Holdings Inc., Sr. Unsec. Gtd. Deb., 7.75%, 12/01/45(b) 2,360,000 2,663,378 ------------ Time Warner Cos., Inc., Unsec. Deb., 9.15%, 02/01/23(b) 5,470,000 6,822,512 ------------ 9,485,890 ------------ MULTI-UTILITIES-1.58% Ameren Corp., Bonds, 4.26%, 05/15/07(b) 2,210,000 2,195,436 ------------ Dominion Capital Trust I, Jr. Unsec. Gtd. Trust Pfd. Bonds, 7.83%, 12/01/27(b) 4,670,000 4,868,989 ------------ PSI Energy, Inc., Unsec. Deb., 7.85%, 10/15/07(b) 735,000 751,317 ------------ Sempra Energy, Sr. Notes, 4.62%, 05/17/07(b) 820,000 816,589 ------------ Southwestern Public Service Co.-Series B, Sr. Unsec. Notes, 5.13%, 11/01/06(b) 505,000 504,924 ------------ 9,137,255 ------------ OIL & GAS EXPLORATION & PRODUCTION-2.79% Pemex Project Funding Master Trust, Sr. Unsec. Gtd. Notes, 5.75%, 12/15/15 (Acquired 01/26/06; Cost $1,077,890)(a)(b) 1,090,000 1,075,830 ------------ Unsec. Gtd. Unsub. Global Notes, 5.75%, 12/15/15(b) 2,695,000 2,659,965 ------------ 8.63%, 02/01/22(b) 7,725,000 9,405,574 ------------ Plains Exploration & Production Co., Sr. Global Notes, 7.13%, 06/15/14(b) 2,760,000 2,963,550 ------------ 16,104,919 ------------
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-3 AIM Income Fund
PRINCIPAL AMOUNT VALUE ------------------- ------------ OIL & GAS REFINING & MARKETING-0.82% Western Power Distribution Holdings Ltd. (United Kingdom), Unsec. Unsub. Notes, 7.38%, 12/15/28 (Acquired 01/25/05-03/03/05; Cost $4,822,997)(a)(b) $ 4,225,000 $ 4,716,156 ------------ OTHER DIVERSIFIED FINANCIAL SERVICES-9.09% BankAmerica Capital II-Series 2, Jr. Unsec. Gtd. Sub. Trust Pfd. Notes, 8.00%, 12/15/26(b) 1,525,000 1,592,039 ------------ Countrywide Capital I, Gtd. Trust Pfd. Notes, 8.00%, 12/15/26(b) 3,600,000 3,618,792 ------------ General Electric Capital Corp., Unsec. Floating Rate Putable Deb., 5.09%, 09/01/07(b)(d) 590,000 587,478 ------------ JPM Capital Trust I, Gtd. Trust Pfd. Notes, 7.54%, 01/15/27(b) 5,000,000 5,214,150 ------------ Mantis Reef Ltd. (Australia), Notes, 4.69%, 11/14/08 (Acquired 08/31/06; Cost $540,166)(a)(b) 550,000 541,733 ------------ Mizuho JGB Investment LLC-Series A, Sub. Bonds, 9.87% (Acquired 06/16/04-03/03/06; Cost $8,173,107)(a)(b)(f) 7,245,000 7,733,168 ------------ Pemex Finance Ltd. (Mexico), Sr. Unsec. Global Notes, 8.02%, 05/15/07(b) 1,447,501 1,457,865 ------------ Series 1999-2, Class A1, Global Bonds, 9.69%, 08/15/09(b) 4,665,000 4,927,406 ------------ Premium Asset Trust-Series 2004-04, Sr. Notes, 4.13%, 03/12/09 (Acquired 03/04/04; Cost $5,321,432)(a)(b) 5,325,000 4,928,341 ------------ Regional Diversified Funding (Cayman Islands), Sr. Notes, 9.25%, 03/15/30 (Acquired 01/10/03-09/22/04; Cost $5,704,016)(a)(b) 4,921,111 5,639,397 ------------ Class A-1a, Sr. Floating Rate Notes, 5.71%, 01/25/36 (Acquired 03/21/05; Cost $3,157,134)(a)(b)(d)(g) 3,157,134 3,072,709 ------------ Residential Capital Corp., Sr. Unsec. Floating Rate Global Notes, 6.74%, 06/29/07(b)(d) 2,850,000 2,865,103 ------------ Twin Reefs Pass-Through Trust, Floating Rate Pass Through Ctfs., 6.32% (Acquired 12/07/04-04/03/06; Cost $5,904,980)(a)(b)(d)(f) 5,900,000 5,910,667 ------------ UFJ Finance Aruba AEC (Aruba), Gtd. Sub. Second Tier Euro Bonds, 8.75% (b)(f) 3,000,000 3,169,620 ------------ Windsor Financing LLC, Sr. Gtd. Notes, 5.88%, 07/15/17 (Acquired 02/07/06; Cost $1,140,793)(a)(b) 1,140,793 1,137,530 ------------ 52,395,998 ------------ PAPER PRODUCTS-0.18% International Paper Co., Unsec. Notes, 7.63%, 01/15/07(b) 1,060,000 1,064,155 ------------
PRINCIPAL AMOUNT VALUE ------------------- ------------ PROPERTY & CASUALTY INSURANCE-4.72% Executive Risk Capital Trust-Series B, Gtd. Trust Pfd. Bonds, 8.68%, 02/01/27(b) $ 3,010,000 $ 3,161,463 ------------ First American Capital Trust I, Gtd. Trust Pfd. Notes, 8.50%, 04/15/12(b) 9,160,000 9,787,185 ------------ Oil Casualty Insurance Ltd. (Bermuda), Unsec. Sub. Deb., 8.00%, 09/15/34 (Acquired 04/29/05-06/09/05; Cost $4,062,420)(a)(b) 3,805,000 3,830,646 ------------ Oil Insurance Ltd. (Bermuda), Notes, 7.56% (Acquired 06/15/06; Cost $10,000,000)(a)(b)(f) 10,000,000 10,445,000 ------------ 27,224,294 ------------ PUBLISHING-0.23% Belo Corp., Sr. Unsec. Unsub. Notes, 7.13%, 06/01/07(b) 1,290,000 1,300,823 ------------ REAL ESTATE MANAGEMENT & DEVELOPMENT-1.50% Realogy Corp., Sr. Floating Rate Notes, 6.07%, 10/20/09 (Acquired 10/13/06; Cost $535,000)(a)(b) 535,000 535,337 ------------ Sr. Notes, 6.50%, 10/15/16 (Acquired 10/13/06-10/16/06; Cost $3,922,563)(a)(b)(d) 3,915,000 3,977,131 ------------ Southern Investments UK PLC (United Kingdom), Gtd. Trust Pfd. Yankee Notes, 8.23%, 02/01/27(b) 3,060,000 3,209,175 ------------ Sr. Unsec. Yankee Notes, 6.80%, 12/01/06(b) 940,000 940,978 ------------ 8,662,621 ------------ REGIONAL BANKS-3.55% Cullen/Frost Capital Trust I, Unsec. Sub. Floating Rate Notes, 6.95%, 03/01/34(b)(d) 6,550,000 6,695,869 ------------ PNC Capital Trust C, Gtd. Floating Rate Trust Pfd. Bonds, 5.97%, 06/01/28(b)(d) 1,160,000 1,128,866 ------------ PNC Institutional Capital Trust-Series A, Trust Pfd. Bonds, 7.95%, 12/15/26 (Acquired 10/03/06-10/17/06; Cost $2,668,617)(a)(b) 2,560,000 2,672,691 ------------ Popular North America Inc.-Series F, Medium Term Notes, 5.20%, 12/12/07(b) 1,600,000 1,597,168 ------------ TCF National Bank, Sub. Notes, 5.00%, 06/15/14(b) 2,120,000 2,086,016 ------------ Western Financial Bank, Unsec. Sub. Deb., 9.63%, 05/15/12(b) 5,670,000 6,297,215 ------------ 20,477,825 ------------ REINSURANCE-1.26% Reinsurance Group of America, Inc., Jr. Unsec. Sub. Deb., 6.75%, 12/15/65(b) 1,920,000 1,909,037 ------------
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-4 AIM Income Fund
PRINCIPAL AMOUNT VALUE ------------------- ------------ REINSURANCE-(CONTINUED) Stingray Pass-Through Trust, Pass Through Ctfs., 5.90%, 01/12/15 (Acquired 01/07/05-11/03/05; Cost $5,441,480)(a)(b) $ 5,500,000 $ 5,335,000 ------------ 7,244,037 ------------ SOVEREIGN DEBT-0.71% Russian Federation (Russia)-REGS, Unsec. Unsub. Euro Bonds, 10.00%, 06/26/07 (Acquired 05/14/04; Cost $4,428,938)(a)(b) 3,950,000 4,070,080 ------------ SPECIALIZED REIT'S-0.98% Health Care Property Investors, Inc., Floating Rate Medium Term Notes, 5.84%, 09/15/08(b)(d) 1,710,000 1,710,809 ------------ Notes, 5.63%, 05/01/17(b) 2,050,000 1,975,032 ------------ Health Care REIT, Inc., Sr. Notes, 5.88%, 05/15/15(b) 1,990,000 1,988,925 ------------ 5,674,766 ------------ SPECIALTY CHEMICALS-0.90% ICI North America, Unsec. Gtd. Deb., 8.88%, 11/15/06(b) 2,760,000 2,762,760 ------------ NewMarket Corp., Sr. Unsec. Gtd. Global Notes, 8.88%, 05/01/10(b) 2,300,000 2,403,500 ------------ 5,166,260 ------------ THRIFTS & MORTGAGE FINANCE-1.55% Dime Capital Trust I-Series A, Gtd. Trust Pfd. Notes, 9.33%, 05/06/27(b) 1,255,000 1,333,337 ------------ Greenpoint Capital Trust I, Gtd. Sub. Trust Pfd. Notes, 9.10%, 06/01/27(b) 3,305,000 3,509,514 ------------ Telebanc Capital Trust I, Gtd. Trust Pfd. Notes, 11.00%, 06/01/27(b) 2,760,000 2,961,618 ------------ Washington Mutual Capital I, Gtd. Sub. Trust Pfd. Notes, 8.38%, 06/01/27(b) 1,100,000 1,158,256 ------------ 8,962,725 ------------ TOBACCO-1.05% Altria Group, Inc., Unsec. Notes, 7.20%, 02/01/07(b) 6,005,000 6,027,579 ------------ TRUCKING-1.21% Roadway Corp., Sr. Sec. Gtd. Global Notes, 8.25%, 12/01/08(b) 6,675,000 6,960,890 ------------ WIRELESS TELECOMMUNICATION SERVICES-0.58% Sprint Nextel Corp., Deb., 9.25%, 04/15/22(b) 2,710,000 3,333,652 ------------ Total U.S. Dollar Denominated Bonds & Notes (Cost $481,589,811) 473,587,786 ------------
PRINCIPAL AMOUNT VALUE ------------------- ------------ ASSET-BACKED SECURITIES-5.87% ASSET-BACKED SECURITIES - CONSUMER RECEIVABLES-0.48% Pacific Coast CDO Ltd.-Series 1A, Class A, Floating Rate Bonds, 5.81%, 10/25/36 (Acquired 03/24/04-05/26/04; Cost $2,778,133)(a)(d)(g) $ 2,805,183 $ 2,784,145 ------------ COLLATERALIZED MORTGAGE OBLIGATIONS-0.23% Federal Home Loan Bank-Series TQ-2015, Class A, Pass Through Ctfs., 5.07%, 10/20/15(b) 1,358,772 1,352,345 ------------ MULTI-SECTOR HOLDINGS-0.26% Longport Funding Ltd.-Series 2005-2A, Class A1J, Floating Rate Bonds, 5.97%, 02/03/40 (Acquired 03/31/05; Cost $1,500,000)(a)(d)(g) 1,500,000 1,500,000 ------------ OTHER DIVERSIFIED FINANCIAL SERVICES-4.16% Citicorp Lease Pass-Through Trust-Series 1999-1, Class A2, Pass Through Ctfs., 8.04%, 12/15/19 (Acquired 06/01/00-01/26/06; Cost $8,956,427)(a)(b) 7,780,000 9,258,854 ------------ LILACS Repackaging 2005-I-Series A, Sr. Sec. Notes, 5.14%, 01/15/64 (Acquired 07/14/05; Cost $1,483,466)(a)(g) 1,483,466 1,448,574 ------------ Patrons' Legacy, 2004-I-Series A, Ctfs., 6.67%, 05/04/18 (Acquired 04/30/04; Cost $9,722,222)(a)(g) 9,722,222 9,788,528 ------------ 2003-III-Series A, Ctfs., 5.65%, 04/17/18 (Acquired 12/12/03-11/04/04; Cost $3,512,705)(a)(g) 3,500,000 3,492,265 ------------ 23,988,221 ------------ PROPERTY & CASUALTY INSURANCE-0.74% North Front Pass-Through Trust, Pass Through Ctfs. Bonds, 5.81%, 12/15/24 (Acquired 12/08/04; Cost $4,327,916)(a)(b) 4,300,000 4,243,584 ------------ Total Asset-Backed Securities (Cost $29,301,641) 33,868,295 ------------ MUNICIPAL OBLIGATIONS-3.58% Detroit (City of), Michigan; Series 2005 A-1, Taxable Capital Improvement Limited Tax GO, (INS-Ambac Assurance Corp.) 4.96%, 04/01/20 (b)(c) 1,430,000 1,352,108 ------------ Florida (State of) Development Finance Corp. (Palm Bay Academy Inc.) Series 2006 B, Taxable RB, 7.50%, 05/15/17 (b) 725,000 718,736 ------------
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-5 AIM Income Fund
PRINCIPAL AMOUNT VALUE ------------------- ------------ Indianapolis (City of), Indiana Local Public Improvement Bond Bank; Series 2005 A, Taxable RB, 4.87%, 07/15/16(b) $ 1,185,000 $ 1,147,518 ------------ 5.22%, 07/15/20(b) 1,400,000 1,375,710 ------------ 5.28%, 01/15/22(b) 900,000 883,332 ------------ Industry (City of), California Urban Development Agency (Project 3); Series 2003, Taxable Allocation RB, (INS-MBIA Insurance Corp.) 6.10%, 05/01/24 (b)(c) 7,800,000 8,015,748 ------------ Michigan (State of), Western Michigan University; Series 2005, Taxable RB, (INS-Ambac Assurance Corp.) 4.41%, 11/15/14 (b)(c) 1,070,000 1,037,718 ------------ Phoenix (City of), Arizona Civic Improvement Corp.; Series 2004, Taxable Rental Car Facility Charge RB (INS-Financial Guaranty Insurance Co.), 3.69%, 07/01/07(b)(c) 2,500,000 2,472,950 ------------ 4.21%, 07/01/08(b)(c) 3,700,000 3,645,647 ------------ Total Municipal Obligations (Cost $20,889,312) 20,649,467 ------------ U.S. MORTGAGE-BACKED SECURITIES-2.35% FEDERAL HOME LOAN MORTGAGE CORP. (FHLMC)-1.26% Federal Home Loan Mortgage Corp., Pass Through Ctfs., 8.50%, 03/01/10(b) 13,494 13,651 ------------ 7.00%, 06/01/15 to 06/01/32(b) 60,362 62,114 ------------ 6.50%, 04/01/16 to 01/01/35(b) 2,587,841 2,652,576 ------------ 5.50%, 09/01/16 to 12/01/33(b) 3,058,035 3,045,573 ------------ 6.00%, 04/01/17 to 11/01/33(b) 1,461,669 1,480,733 ------------ 7.50%, 06/01/30(b) 2,180 2,270 ------------ 7,256,917 ------------ FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA)-0.49% Federal National Mortgage Association, Pass Through Ctfs., 7.50%, 11/01/15 to 05/01/32(b) 203,260 211,771 ------------ 7.00%, 02/01/16 to 09/01/32(b) 487,764 503,133 ------------ 6.50%, 09/01/16 to 10/01/35(b) 1,023,120 1,048,950 ------------ 5.00%, 01/01/18 to 09/01/18(b) 647,993 639,850 ------------ 8.50%, 10/01/28(b) 88,777 95,163 ------------ 8.00%, 10/01/30 to 04/01/32(b) 306,282 323,454 ------------ 2,822,321 ------------ GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (GNMA)-0.60% Government National Mortgage Association, Pass Through Ctfs., 7.50%, 06/15/23(b) 271,824(h) 283,573 ------------ 8.50%, 11/15/24(b) 130,956(h) 141,520 ------------ 8.00%, 09/20/26(b) 58,988 62,320 ------------ 6.50%, 03/15/31 to 09/15/32(b) 447,429 460,962 ------------ 7.00%, 04/15/31 to 08/15/31(b) 23,364 24,174 ------------
PRINCIPAL AMOUNT VALUE ------------------- ------------ GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (GNMA)-(CONTINUED) 6.00%, 12/15/31 to 02/15/33(b) $ 483,162 $ 490,758 ------------ 6.50%, 06/15/32(b) 350,350(h) 360,870 ------------ 6.00%, 11/15/32(b) 420,497(h) 427,101 ------------ 5.50%, 02/15/34(b) 1,233,883(h) 1,229,925 ------------ 3,481,203 ------------ Total U.S. Mortgage-Backed Securities (Cost $13,801,181) 13,560,441 ------------
SHARES ------------------- PREFERRED STOCKS-2.21% LIFE & HEALTH INSURANCE-0.36% Aegon N.V. (Netherlands), 6.38% Pfd. 83,000 2,106,540 ------------ OTHER DIVERSIFIED FINANCIAL SERVICES-0.22% Auction Pass-Through Trust -Series 2001-1, Class A, 5.80%, Pass through Ctfs. (Acquired 10/03/06; Cost $1,250,000)(a)(d)(g)(i) 5 1,255,437 ------------ THRIFTS & MORTGAGE FINANCE-1.04% Fannie Mae, Series J, 4.72% Floating Rate Pfd. (d) 59,700 2,982,612 ------------ Series K, 5.40% Floating Rate Pfd.(d) 59,700 2,999,925 ------------ 5,982,537 ------------ WIRELESS TELECOMMUNICATION SERVICES-0.59% Telephone & Data Systems, Inc. -Series A, 7.60% Pfd. 136,000 3,409,520 ------------ Total Preferred Stocks (Cost $12,818,805) 12,754,034 ------------
PRINCIPAL AMOUNT ------------------- NON-U.S. DOLLAR DENOMINATED BONDS & NOTES-1.09% JAPAN-1.09% Takefuji Corp. (Consumer Finance)-REGS, Sr. Unsec. Euro Notes, 1.02%, 03/01/34 (Acquired 05/09/05-08/04/05; Cost $7,177,048) (a)(g) (j) JPY 1,400,000,000 6,297,582 ------------
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-6 AIM Income Fund
PRINCIPAL AMOUNT VALUE ------------------- ------------ U.S. GOVERNMENT AGENCY SECURITIES-0.59% FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA)-0.59% Unsec. Floating Rate Global Notes, 5.29%, 02/17/09 (b)(d) (Cost $3,500,000) $ 3,500,000 $ 3,386,390 ------------
SHARES ------------------- COMMON STOCKS & OTHER EQUITY INTERESTS-0.00% HOME FURNISHINGS-0.00% O'Sullivan Industries, Inc. -Series B, Pfd. -Wts., expiring 11/15/09 (Acquired 06/13/00; Cost $0)(a)(g)(i)(k) 3,845 0 ------------ O'Sullivan Industries, Inc. -Wts., expiring 11/15/09 (Acquired 06/13/00; Cost $0)(a)(g)(i)(k) 3,845 0 ------------ 0 ------------ INTEGRATED TELECOMMUNICATION SERVICES-0.00% NTELOS Inc. -Wts., expiring 08/15/10 (Acquired 07/21/00-11/15/00; Cost $48,673)(a)(g)(i)(k) 6,485 0 ------------ XO Holdings Inc. (l) 128 499 ------------ XO Holdings Inc. -Class A -Wts., expiring 01/16/10(l) 3,302 2,048 ------------ XO Holdings Inc. -Class B -Wts., expiring 01/16/10(l) 2,476 1,139 ------------ XO Holdings Inc. -Class C -Wts., expiring 01/16/10(l) 2,476 495 ------------ 4,181 ------------ Total Common Stocks & Other Equity Interests (Cost $50,214) 4,181 ------------ MONEY MARKET FUNDS-1.88% Premier Portfolio -Institutional Class (m) 5,410,219 5,410,219 ------------ STIC Liquid Assets Portfolio -Institutional Class (m) 5,410,219 5,410,219 ------------ Total Money Market Funds (Cost $10,820,438) 10,820,438 ------------ TOTAL INVESTMENTS-99.71% (Cost $579,948,450) 574,928,614 ------------ OTHER ASSETS LESS LIABILITIES-0.29% 1,651,147 ------------ NET ASSETS-100.00% $576,579,761 ------------
Investment Abbreviations: Ctfs. -- Certificates Deb. -- Debentures Disc. -- Discounted GO -- General Obligation Bonds Gtd. -- Guaranteed INS -- Insurer JPY -- Japanese Yen Jr. -- Junior LILACS -- Life Insurance and Life Annuities Backed Charitable Securities Pfd. -- Preferred RB -- Revenue Bonds REGS -- Regulation S REIT -- Real Estate Investment Trust Sec. -- Secured Sr. -- Senior Sub. -- Subordinated Unsec. -- Unsecured Unsub. -- Unsubordinated Wts. -- Warrants Notes to Schedule of Investments: (a) Security not registered under the Securities Act of 1933, as amended (e.g., the security was purchased in a Rule 144A transaction or a Regulation D transaction). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The Fund has no rights to demand registration of these securities. The aggregate value of these securities at October 31, 2006 was $160,075,004, which represented 27.76% of the Fund's Net Assets. Unless otherwise indicated, these securities are not considered to be illiquid. (b) In accordance with the procedures established by the Board of Trustees, security fair valued based on an evaluated quote provided by an independent pricing service. The aggregate value of these securities at October 31, 2006 was $526,038,867, which represented 91.23% of the Fund's Net Assets. See Note 1A. (c) Principal and/or interest payments are secured by the bond insurance company listed. (d) Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on October 31, 2006. (e) Defaulted security. Currently, the issuer is in default with respect to interest payments. The value of this security at October 31, 2006 represented 0.12% of the Fund's Net Assets. (f) Perpetual bond with no specified maturity date. (g) Security considered to be illiquid. The Fund is limited to investing 15% of net assets in illiquid securities at the time of purchase. The aggregate value of these securities considered illiquid at October 31, 2006 was $29,639,240, which represented 5.14% of the Fund's Net Assets. (h) All or a portion of the principal balance was pledged as collateral to cover margin requirements for open futures contracts. See Note 1H and Note 5. (i) Security fair valued in good faith in accordance with the procedures established by the Board of Trustees. The aggregate value of these securities at October 31, 2006 was $1,255,437, which represented 0.22% of the Fund's Net Assets. See Note 1A. (j) Foreign denominated security. Principal amount is denominated in currency indicated. (k) Non-income producing security acquired as part of a unit with or in exchange for other securities. (l) Non-income producing security acquired through a corporate action. (m) The money market fund and the Fund are affiliated by having the same investment advisor. See Note 2. SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-7 AIM Income Fund NOTES TO QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS October 31, 2006 (Unaudited) NOTE 1 -- SIGNIFICANT ACCOUNTING POLICIES A. SECURITY VALUATIONS - Securities, including restricted securities, are valued according to the following policy. A security listed or traded on an exchange (except convertible bonds) is valued at its last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded, or lacking any sales or official closing price on a particular day, the security may be valued at the closing bid price on that day. Securities traded in the over-the-counter market are valued based on the prices furnished by independent pricing services, in which case the securities may be considered fair valued, or by market makers. Futures contracts are valued at the final settlement price set by an exchange on which they are principally traded. Listed options are valued at the mean between the last bid and the ask prices from the exchange on which they are principally traded. Options not listed on an exchange are valued by an independent source at the mean between the last bid and ask prices. For purposes of determining net asset value per share, futures and option contracts generally are valued 15 minutes after the close of the customary trading session of the New York Stock Exchange ("NYSE"). Investments in open-end registered investment companies and closed-end registered investment companies that do not trade on an exchange are valued at the end of day net asset value per share. Investments in closed-end registered investment companies that trade on an exchange are valued at the last sales price as of the close of the customary trading session on the exchange where the security is principally traded. Debt obligations (including convertible bonds) are fair valued using an evaluated quote provided by an independent pricing service. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices, and may reflect appropriate factors such as institution-size trading in similar groups of securities, developments related to specific securities, dividend rate, yield, quality, type of issue, coupon rate, maturity, individual trading characteristics and other market data. Short-term obligations having 60 days or less to maturity and commercial paper are recorded at amortized cost which approximates value. Foreign securities (including foreign exchange contracts) are converted into U.S. dollar amounts using the applicable exchange rates as of the close of the NYSE. If market quotations are available and reliable for foreign exchange traded equity securities, the securities will be valued at the market quotations. Because trading hours for certain foreign securities end before the close of the NYSE, closing market quotations may become unreliable. If between the time trading ends on a particular security and the close of the customary trading session on the NYSE, events occur that are significant and may make the closing price unreliable, the Fund may fair value the security. If the event is likely to have affected the closing price of the security, the security will be valued at fair value in good faith using procedures approved by the Board of Trustees. Adjustments to closing prices to reflect fair value may also be based on a screening process of an independent pricing service to indicate the degree of certainty, based on historical data, that the closing price in the principal market where a foreign security trades is not the current value as of the close of the NYSE. Foreign securities meeting the approved degree of certainty that the price is not reflective of current value will be priced at the indication of fair value from the independent pricing service. Multiple factors may be considered by the independent pricing service in determining adjustments to reflect fair value and may include information relating to sector indices, ADRs and domestic and foreign index futures. Securities for which market prices are not provided by any of the above methods are valued based upon quotes furnished by independent sources and are valued at the last bid price in the case of equity securities and in the case of debt obligations, the mean between the last bid and asked prices. F-8 AIM Income Fund A. SECURITY VALUATIONS-(CONTINUED) Securities for which market quotations are not readily available or are unreliable are valued at fair value as determined in good faith by or under the supervision of the Trust's officers following procedures approved by the Board of Trustees. Issuer specific events, market trends, bid/ask quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security's fair value. B. SECURITIES TRANSACTIONS AND INVESTMENT INCOME - Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income is recorded on the accrual basis from settlement date. Dividend income is recorded on the ex-dividend date. Bond premiums and discounts are amortized and/or accreted for financial reporting purposes. Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of realized and unrealized gain (loss) from investment securities reported in the Statement of Operations and the Statement of Changes in Net Assets and the realized and unrealized net gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of the Fund's net asset value and, accordingly, they reduce the Fund's total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statement of Operations and Statement of Changes in Net Assets, or the net investment income per share and ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Fund and the advisor. The Fund allocates realized and unrealized capital gains and losses to a class based on the relative net assets of each class. The Fund allocates income to a class based on the relative value of the settled shares of each class. C. COUNTRY DETERMINATION - For the purposes of making investment selection decisions and presentation in the Schedule of Investments, AIM may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuer's securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America unless otherwise noted. D. DOLLAR ROLL TRANSACTIONS - The Fund may engage in dollar roll transactions with respect to mortgage-backed securities issued by GNMA, FNMA and FHLMC. In a dollar roll transaction, the Fund sells a mortgage-backed security held in the Fund to a financial institution such as a bank or broker-dealer, and simultaneously agrees to purchase a substantially similar security (same type, coupon and maturity) from the institution at an agreed upon price and future date. The mortgage-backed securities to be purchased will bear the same interest rate as those sold, but generally will be collateralized by different pools of mortgages with different prepayment histories. Based on the typical structure of dollar roll transactions by the Fund, fee income is agreed upon amongst the parties at the commencement of the dollar roll. This fee is amortized to income ratably over the term of the dollar roll. During the period between the sale and purchase settlement dates, the Fund will not be entitled to receive interest and principal payments on securities purchased and not yet settled. Proceeds of the sale may be invested in short-term instruments, and the income from these investments, together with any additional fee income received on the sale, could generate income for the Fund exceeding the yield on the security sold. Dollar roll transactions are considered borrowings under the 1940 Act. At the time the Fund enters into the dollar roll, it will segregate liquid assets having a dollar value equal to the purchase price. Dollar roll transactions involve the risk that the market value of the securities retained by the Fund may decline below the price of the securities that the Fund has sold but is obligated to purchase under the agreement. In the event that the buyer of securities in a dollar roll transaction files for bankruptcy or becomes insolvent, the Fund's use of the proceeds from the sale of the securities may be restricted F-9 AIM Income Fund D. DOLLAR ROLL TRANSACTIONS-(CONTINUED) pending a determination by the other party, or its trustee or receiver, whether to enforce the Fund's obligation to purchase the securities. The return earned by the Fund with the proceeds of the dollar roll transaction may not exceed the return on the securities sold. E. FOREIGN CURRENCY TRANSLATIONS - Foreign currency is valued at the close of the NYSE based on quotations posted by banks and major currency dealers. Portfolio securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at date of valuation. Purchases and sales of portfolio securities (net of foreign taxes withheld on disposition) and income items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions. The Fund does not separately account for the portion of the results of operations resulting from changes in foreign exchange rates on investments and the fluctuations arising from changes in market prices of securities held. The combined results of changes in foreign exchange rates and the fluctuation of market prices on investments (net of estimated foreign tax withholding) are included with the net realized and unrealized gain or loss from investments in the Statement of Operations. Reported net realized foreign currency gains or losses arise from (i) sales of foreign currencies, (ii) currency gains or losses realized between the trade and settlement dates on securities transactions, and (iii) the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund's books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign currency gains and losses arise from changes in the fair values of assets and liabilities, other than investments in securities at fiscal period end, resulting from changes in exchange rates. F. FOREIGN CURRENCY CONTRACTS - A foreign currency contract is an obligation to purchase or sell a specific currency for an agreed-upon price at a future date. The Fund may enter into a foreign currency contract to attempt to minimize the risk to the Fund from adverse changes in the relationship between currencies. The Fund may also enter into a foreign currency contract for the purchase or sale of a security denominated in a foreign currency in order to "lock in" the U.S. dollar price of that security. Realized and unrealized gains and losses on these contracts are included in the Statement of Operations. The Fund could be exposed to risk, which may be in excess of the amount reflected in the Statement of Assets and Liabilities, if counterparties to the contracts are unable to meet the terms of their contracts or if the value of the foreign currency changes unfavorably. G. COVERED CALL OPTIONS - The Fund may write call options, including options on futures. A call option gives the purchaser of such option the right to buy, and the writer (the Fund) the obligation to sell, the underlying security at the stated exercise price during the option period. Written call options are recorded as a liability in the Statement of Assets and Liabilities. The amount of the liability is subsequently "marked-to-market" to reflect the current market value of the option written. If a written call option expires on the stipulated expiration date, or if the Fund enters into a closing purchase transaction, the Fund realizes a gain (or a loss if the closing purchase transaction exceeds the premium received when the option was written) without regard to any unrealized gain or loss on the underlying security, and the liability related to such option is extinguished. If a written option is exercised, the Fund realizes a gain or a loss from the sale of the underlying security and the proceeds of the sale are increased by the premium originally received. Realized gains and losses on these contracts are included in the Statement of Operations. A risk in writing a call option is that the Fund gives up the opportunity for profit if the market price of the security increases and the option is exercised. An option on a futures contract gives the holder the right to receive a cash "exercise settlement amount" equal to the difference between the exercise price of the option and the value of the underlying futures contract on the exercise date. The value of a futures contract fluctuates with changes in the market values of the securities underlying the futures contract. In writing futures contract options, the principal risk is that the Fund could bear a loss on the options that would be only partially offset (or not offset at all) by the increased value or reduced cost of underlying portfolio securities. Risks may exceed amounts recognized in the Statement of Assets and Liabilities. H. FUTURES CONTRACTS - The Fund may purchase or sell futures contracts. Initial margin deposits required upon entering into futures contracts are satisfied by the segregation of specific securities as collateral for the account of the broker (the Fund's agent in acquiring the futures position). During the period the futures contracts are open, changes in the value of the contracts are recognized as unrealized gains or losses by "marking to market" on a daily basis to reflect the market value of the contracts at the end of each day's trading. Variation margin payments are received or made depending upon whether F-10 AIM Income Fund H. FUTURES CONTRACTS-(CONTINUED) unrealized gains or losses are incurred. When the contracts are closed, the Fund recognizes a realized gain or loss equal to the difference between the proceeds from, or cost of, the closing transaction and the Fund's basis in the contract. If the Fund were unable to liquidate a futures contract and/or enter into an offsetting closing transaction, the Fund would continue to be subject to market risk with respect to the value of the contracts and continue to be required to maintain the margin deposits on the futures contracts. Risks may exceed amounts recognized in the Statement of Assets and Liabilities. I. SWAP AGREEMENTS - The Fund may enter into various swap transactions, including interest rate, index, currency exchange rate and credit default swap contracts ("CDS") for investment purposes or to manage interest rate, currency or credit risk. Interest rate, index, and currency exchange rate swap agreements are two-party contracts entered into primarily to exchange the returns (or differentials in rates of returns) earned or realized on particular predetermined investments or instruments. The gross returns to be exchanged or "swapped" between the parties are calculated with respect to a notional amount, i.e., the return on or increase in value of a particular dollar amount invested at a particular interest rate, in a particular foreign currency, or in a "basket" of securities representing a particular index. A CDS is an agreement between two parties ("Counterparties") to exchange the credit risk of an issuer. A buyer of a CDS is said to buy protection by paying a fixed payment over the life of the agreement to the seller of the CDS. If a defined credit event occurs (such as payment default or bankruptcy), the Fund as a protection buyer would cease paying its fixed payment, the Fund would deliver the corresponding bonds, or other similar bonds issued by the same reference entity to the seller, and the seller would pay the full notional value, or the "par value", of the referenced obligation to the Fund. A seller of a CDS is said to sell protection and thus would receive the fixed payment stream. If a credit event occurs, the Fund as a protection seller would cease to receive the fixed payment stream, the Fund would pay the buyer the full notional value of the referenced obligation, and the Fund would receive the corresponding bonds or similar bonds issued by the same reference entity If no credit event occurs, the Fund receives the fixed payment over the life of the agreement. As the seller, the Fund would effectively add leverage to its portfolio because, in addition to its total net assets, the Fund would be subject to investment exposure on the notional amount of the CDS. Because the CDS is a bilateral agreement between Counterparties, the transaction can alternatively be settledby a cash payment in the case of a credit event. Changes in the value of swap agreements are recognized as unrealized gains (losses) in the Statement of Operations by "marking to market" on a daily basis to reflect the value of the swap agreement at the end of each trading day. The Fund accrues for the fixed payments on swap agreements on a daily basis with the net amount accrued recorded as a component of realized gain (loss) on the Statement of Operations. A liquidation payment received or made at the termination of a swap agreement is recorded as realized gain (loss) on the Statement of Operations. The Fund segregates liquid securities having a value at least equal to the amount of the potential obligation of a Fund under any swap transaction. .Entering into these agreements involves, to varying degrees, lack of liquidity and elements of credit, market, and counterparty risk in excess of amounts recognized on the Statement of Assets and Liabilities. J. COLLATERAL - To the extent the Fund has pledged or segregated a security as collateral and that security is subsequently sold, it is the Fund's practice to replace such collateral no later than the next business day. F-11 AIM Income Fund NOTE 2--INVESTMENTS IN AFFILIATES The Fund is permitted, pursuant to procedures approved by the Board of Trustees, to invest daily available cash balances in affiliated money market funds. The Fund and the money market funds below have the same investment advisor and therefore, are considered to be affiliated. The table below shows the transactions in and earnings from investments in affiliated money market funds for the three months ended October 31, 2006.
CHANGE IN UNREALIZED REALIZED VALUE PURCHASES PROCEEDS APPRECIATION VALUE DIVIDEND GAIN FUND 07/31/06 AT COST FROM SALES (DEPRECIATION) 10/31/06 INCOME (LOSS) - ---- -------- ----------- ------------ -------------- ----------- -------- -------- Liquid Assets Portfolio- Institutional Class $397,840 $30,078,643 $(25,066,264) $-- $ 5,410,219 $23,849 $-- Premier Portfolio- Institutional Class 397,840 30,078,643 (25,066,264) -- 5,410,219 23,814 -- -------- ----------- ------------ --- ----------- ------- --- TOTAL INVESTMENTS IN AFFILIATES $795,680 $60,157,286 $(50,132,528) $-- $10,820,438 $47,663 $-- ======== =========== ============ === =========== ======= ===
NOTE 3 -- FOREIGN CURRENCY CONTRACTS OPEN FOREIGN CURRENCY CONTRACTS AT PERIOD END
CHANGE IN CONTRACT TO UNREALIZED SETTLEMENT ----------------------------- VALUE APPRECIATION DATE DELIVER RECEIVE 10/31/06 (DEPRECIATION) - ---------- -------------- ------------ ---------- -------------- 01/11/07 JPY700,000,000 USD5,947,576 $6,046,435 $(98,859)
NOTE 4 -- OPTION CONTRACTS WRITTEN TRANSACTIONS DURING THE PERIOD
CALL OPTION CONTRACTS --------------------- NUMBER OF PREMIUMS CONTRACTS RECEIVED --------- -------- Beginning of period 94 $ 18,624 Expired (94) (18,624) End of period -- $ --
F-12 AIM Income Fund NOTE 5 -- FUTURES CONTRACTS On October 31, 2006, $2,407,510 principal amount of U.S. Mortgage-Backed Securities were pledged as collateral to cover margin requirements for open futures contracts. OPEN FUTURES CONTRACTS AT PERIOD END
UNREALIZED NUMBER OF MONTH/ VALUE APPRECIATION CONTRACT CONTRACTS COMMITMENT 10/31/06 (DEPRECIATION) - ---------------------------- --------- ------------ ------------ -------------- Eurodollar GLOBEX2 E-trade 96 Mar-07/Long $ 22,747,200 $ (27,907) Long GILT Future 110 Dec-06/Long 23,083,453 (86,160) U.S. Treasury 2 Year Notes 858 Dec-06/Long 175,380,563 341,683 U.S. Treasury 10 Year Notes 1,547 Dec-06/Long 167,414,406 1,770,863 U.S. Treasury 30 Year Bonds 170 Dec-06/Long 19,151,562 424,723 ------------ ---------- 407,777,184 2,423,202 ------------ ---------- Eurodollar GLOBEX2 E-trade 231 Dec-07/Short (55,003,988) (93,139) Japanese Government 10 Year Bonds 17 Dec-06/Short (19,547,180) (83,470) ------------ ---------- (74,551,168) (176,609) ------------ ---------- Total open futures contracts $333,226,016 $2,246,593 ============ ==========
NOTE 6 -- CREDIT DEFAULT SWAPS OPEN CREDIT DEFAULT SWAP AGREEMENTS AT PERIOD-END
NOTIONAL UNREALIZED REFERENCE BUY/SELL PAY/RECEIVE EXPIRATION AMOUNT APPRECIATION COUNTERPARTY ENTITY PROTECTION FIXED RATE DATE (000) (DEPRECIATION) - --------------------- --------- ---------- ----------- ---------- -------- -------------- Lehman Brothers, Inc. CDX Buy 0.40% 12/20/2011 $12,500 $(15,683)
NOTE 7 -- INVESTMENT SECURITIES The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the three months ended October 31, 2006 was $101,150,911 and $127,165,942, respectively. During the same period, purchases and sales of long-term U.S. Treasury obligations were $7,776,236 and $11,067,758. For interim reporting periods, the cost of investments for tax purposes includes reversals of certain tax items, such as, wash sales that have occurred since the prior fiscal year-end. UNREALIZED APPRECIATION (DEPRECIATION) OF INVESTMENT SECURITIES ON A TAX BASIS Aggregate unrealized appreciation of investment securities $ -- Aggregate unrealized (depreciation) of investment securities (12,451,908) ------------ Net unrealized appreciation (depreciation) of investment securities $(12,451,908) ============
Cost of investments for tax purposes is $587,380,522. F-13 AIM INTERMEDIATE GOVERNMENT FUND QUARTERLY Schedule of Portfolio Holdings - October 31, 2006 (AIM YOUR GOALS. INVESTMENTS OUR SOLUTIONS.(R) (R) LOGO) AIMinvestments.com GOV-QTR-1 10/06 A I M Advisors, Inc. AIM Intermediate Government Fund SCHEDULE OF INVESTMENTS October 31, 2006 (Unaudited)
PRINCIPAL AMOUNT VALUE ------------ ------------- U.S. MORTGAGE-BACKED SECURITIES-90.05%(A) FEDERAL HOME LOAN MORTGAGE CORP. (FHLMC)-31.29% Pass Through Ctfs., 8.50%, 07/01/07 to 05/01/26 $ 514,833 $ 542,622 7.00%, 11/01/10 to 03/01/36 21,779,360 22,526,020 6.50%, 02/01/11 to 02/01/35 40,304,043 41,247,561 10.00%, 11/01/11 to 04/01/20 662,327 731,899 12.00%, 02/01/13 1,325 1,444 8.00%, 12/01/15 to 02/01/35 15,695,602 16,674,590 6.00%, 06/01/17 to 05/01/33 11,202,034 11,369,873 10.50%, 08/01/19 to 01/01/21 138,961 152,288 9.50%, 11/01/20 to 04/01/25 578,252 629,643 9.00%, 06/01/21 to 04/01/25 2,293,932 2,455,915 7.05%, 05/20/27 1,064,976 1,091,410 7.50%, 09/01/30 to 05/01/34 11,720,573 12,189,588 Pass Through Ctfs., TBA, 4.50%, 12/01/21(b) 7,969,735 7,698,266 5.00%, 12/01/21 to 12/01/36(b) 26,544,540 25,819,089 5.50%, 12/01/36(b) 25,645,186 25,348,664 6.00%, 12/01/36(b) 8,642,000 8,696,012 ------------- 177,174,884 ------------- FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA)-47.35% Pass Through Ctfs., 8.50%, 01/01/07 to 10/01/31 8,674,659 9,342,903 7.50%, 07/01/10 to 08/01/36 29,503,290 30,721,751 7.00%, 05/01/11 to 06/01/36 42,766,248 44,282,356 8.00%, 02/01/12 to 06/01/36 25,710,705 27,148,109 6.00%, 10/01/13 to 04/01/24 17,922,386 18,322,552 6.50%, 06/01/14 to 10/01/35 48,745,508 50,012,118 9.50%, 07/01/16 to 08/01/22 122,327 132,754 9.00%, 12/01/16 226,143 245,818 5.00%, 01/01/17 to 12/01/18 5,100,455 5,036,652 10.00%, 12/20/19 to 12/20/21 717,735 794,655 6.75%, 07/01/24 1,986,044 2,042,414 10.36%, 04/20/25 305,515 341,898 6.95%, 07/01/25 to 09/01/26 358,837 372,735 5.50%, 02/01/32 to 10/01/33 29,841 29,594 Pass Through Ctfs., TBA, 4.50%, 12/01/21(b) 10,243,276 9,907,169 5.00%, 12/01/21(b) 8,929,320 8,792,590 5.50%, 12/01/21(b) 21,618,794 21,639,062 6.00%, 12/01/21 to 12/01/36(b) 38,564,741 38,877,131 ------------- 268,042,261 -------------
PRINCIPAL AMOUNT VALUE ------------ ------------- GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (GNMA)-11.41% Pass Through Ctfs., 6.00%, 10/15/08 to 08/15/33 $ 5,951,320 $ 6,047,085 6.50%, 10/15/08 to 02/15/36 26,306,058 27,204,095 7.00%, 10/15/08 to 05/15/36 8,094,135 8,389,943 9.00%, 10/15/08 to 04/15/21 85,116 90,798 9.50%, 06/15/09 to 03/15/23 422,735 456,953 10.00%, 11/15/09 to 07/15/24 1,020,679 1,132,790 11.00%, 12/15/09 to 10/15/15 7,746 8,349 12.50%, 11/15/10 4,995 5,496 13.00%, 01/15/11 to 12/15/14 48,198 54,136 13.50%, 04/15/11 to 04/15/15 84,789 95,095 12.00%, 02/15/13 to 07/15/15 65,527 73,947 10.50%, 02/15/16 4,053 4,518 8.50%, 08/20/16 to 04/15/31 2,019,532 2,167,904 8.75%, 10/20/16 to 01/20/17 57,250 60,589 8.00%, 03/20/17 to 08/15/36 7,385,011 7,823,303 6.95%, 07/20/25 to 11/20/26 2,107,516 2,171,547 7.50%, 03/15/26 to 08/15/36 8,164,068 8,512,617 7.00%, 06/15/32 32,561(c) 33,687 6.00%, 11/15/32 to 07/15/33 235,008(c) 238,635 ------------- 64,571,487 ------------- Total U.S. Mortgage-Backed Securities (Cost $515,219,563) 509,788,632 ------------- U.S. GOVERNMENT AGENCY SECURITIES-28.58%(A) FEDERAL FARM CREDIT BANK-1.32% Medium Term Notes, 5.75%, 12/07/28 7,000,000 7,477,330 ------------- FEDERAL HOME LOAN BANK (FHLB)-9.24% Unsec. Bonds, 5.75%, 10/27/10 26,500,000 26,558,565 5.25%, 11/16/15(d) 2,700,000 2,686,662 6.35%, 04/13/21 15,000,000 15,023,400 Unsec. Global Bonds, 5.50%, 06/05/09 8,000,000 8,021,680 ------------- 52,290,307 ------------- FEDERAL HOME LOAN MORTGAGE CORP (FHLMC)-3.30% Unsec. Global Notes, 5.20%, 03/05/19 16,000,000 15,674,080 5.50%, 08/20/19 3,000,000 2,995,080 ------------- 18,669,160 -------------
F-1 AIM Intermediate Government Fund
PRINCIPAL AMOUNT VALUE ------------ ------------- FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA)-14.00% Unsec. Notes, 6.00%, 04/19/13 to 11/17/15 $ 11,500,000 $ 11,495,906 6.13%, 03/21/16 7,000,000 6,987,540 6.50%, 07/26/16 to 11/25/25 39,100,000 39,269,367 6.38%, 12/28/20 17,000,000 17,019,040 6.70%, 04/20/26 4,500,000 4,509,270 ------------- 79,281,123 ------------- PRIVATE EXPORT FUNDING CORP.-0.72% Series G, Sec. Gtd. Notes, 6.67%, 09/15/09 3,900,000 4,085,328 ------------- Total U.S. Government Agency Securities (Cost $161,370,489) 161,803,248 ------------- U.S. TREASURY SECURITIES-1.54%(A) U.S. TREASURY BONDS-1.17% 7.50%, 11/15/24 5,000,000(c) 6,607,050 ------------- U.S. TREASURY STRIPS-0.37% 6.85%, 11/15/18(e) 3,750,000 2,125,800 ------------- Total U.S. Treasury Securities (Cost $8,084,934) 8,732,850 -------------
SHARES ------------ MONEY MARKET FUNDS-5.19% Government & Agency Portfolio - Institutional Class (Cost $29,412,649)(f) 29,412,649 29,412,649 ------------- TOTAL INVESTMENTS-125.36% (Cost $714,087,635) 709,737,379 OTHER ASSETS LESS LIABILITIES - (25.36)% (143,596,381) ------------- NET ASSETS-100.00% $ 566,140,998 =============
Investment Abbreviations: Ctfs. -- Certificates Gtd. -- Guaranteed Sec. -- Secured STRIPS -- Separately Traded Registered Interest and Principal Security TBA -- To Be Announced Unsec. -- Unsecured Notes to Schedule of Investments: (a) In accordance with the procedures established by the Board of Trustees, security fair valued based on an evaluated quote provided by an independent pricing service. The aggregate value of these securities at October 31, 2006 was $680,324,730, which represented 120.17% of the Fund's Net Assets. See Note 1A. (b) Security purchased on forward commitment basis. This security is subject to dollar roll transactions. See Note 1D. (c) All or a portion of the principal balance was pledged as collateral to cover margin requirements for open futures contracts. See Note 1E and Note 3. (d) Step coupon bond. The interest rate represents the coupon rate at which the bond will accrue at a specified future date. (e) Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund. (f) The money market fund and the Fund are affiliated by having the same investment advisor. See Note 2. SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-2 AIM Intermediate Government Fund NOTES TO FINANCIAL STATEMENTS October 31, 2006 (Unaudited) NOTE 1 -- SIGNIFICANT ACCOUNTING POLICIES A. SECURITY VALUATIONS - Securities, including restricted securities, are valued according to the following policy. A security listed or traded on an exchange (except convertible bonds) is valued at its last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded, or lacking any sales or official closing price on a particular day, the security may be valued at the closing bid price on that day. Securities traded in the over-the-counter market are valued based on the prices furnished by independent pricing services, in which case the securities may be considered fair valued, or by market makers. Futures contracts are valued at the final settlement price set by an exchange on which they are principally traded. Listed options are valued at the mean between the last bid and the ask prices from the exchange on which they are principally traded. Options not listed on an exchange are valued by an independent source at the mean between the last bid and ask prices. For purposes of determining net asset value per share, futures and option contracts generally are valued 15 minutes after the close of the customary trading session of the New York Stock Exchange ("NYSE"). Investments in open-end registered investment companies and closed-end registered investment companies that do not trade on an exchange are valued at the end of day net asset value per share. Investments in closed-end registered investment companies that trade on an exchange are valued at the last sales price as of the close of the customary trading session on the exchange where the security is principally traded. Debt obligations (including convertible bonds) are fair valued using an evaluated quote provided by an independent pricing service. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices, and may reflect appropriate factors such as institution-size trading in similar groups of securities, developments related to specific securities, dividend rate, yield, quality, type of issue, coupon rate, maturity, individual trading characteristics and other market data. Short-term obligations having 60 days or less to maturity and commercial paper are recorded at amortized cost which approximates value. Securities for which market prices are not provided by any of the above methods are valued based upon quotes furnished by independent sources and are valued at the last bid price in the case of equity securities and in the case of debt obligations, the mean between the last bid and asked prices. Securities for which market quotations are not readily available or are unreliable are valued at fair value as determined in good faith by or under the supervision of the Trust's officers following procedures approved by the Board of Trustees. Issuer specific events, market trends, bid/ask quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security's fair value. B. SECURITIES TRANSACTIONS AND INVESTMENT INCOME - Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income is recorded on the accrual basis from settlement date. Dividend income is recorded on the ex-dividend date. Bond premiums and discounts are amortized and/or accreted for financial reporting purposes. Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of realized and unrealized gain (loss) from investment securities reported in the Statement of Operations and the Statement of Changes in Net Assets and the realized and unrealized net gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of the Fund's net asset value and, accordingly, they reduce the Fund's total returns. These transaction costs are not considered operating F-3 AIM Intermediate Government Fund B. SECURITIES TRANSACTIONS AND INVESTMENT INCOME - (CONTINUED) expenses and are not reflected in net investment income reported in the Statement of Operations and Statement of Changes in Net Assets, or the net investment income per share and ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Fund and the advisor. The Fund allocates realized and unrealized capital gains and losses to a class based on the relative net assets of each class. The Fund allocates income to a class based on the relative value of the settled shares of each class. C. COUNTRY DETERMINATION - For the purposes of making investment selection decisions and presentation in the Schedule of Investments, AIM may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuer's securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America unless otherwise noted. D. DOLLAR ROLL TRANSACTIONS - The Fund may engage in dollar roll transactions with respect to mortgage-backed securities issued by GNMA, FNMA and FHLMC. In a dollar roll transaction, the Fund sells a mortgage-backed security held in the Fund to a financial institution such as a bank or broker-dealer, and simultaneously agrees to purchase a substantially similar security (same type, coupon and maturity) from the institution at an agreed upon price and future date. The mortgage-backed securities to be purchased will bear the same interest rate as those sold, but generally will be collateralized by different pools of mortgages with different prepayment histories. Based on the typical structure of dollar roll transactions by the Fund, fee income is agreed upon amongst the parties at the commencement of the dollar roll. This fee is amortized to income ratably over the term of the dollar roll. During the period between the sale and purchase settlement dates, the Fund will not be entitled to receive interest and principal payments on securities purchased and not yet settled. Proceeds of the sale may be invested in short-term instruments, and the income from these investments, together with any additional fee income received on the sale, could generate income for the Fund exceeding the yield on the security sold. Dollar roll transactions are considered borrowings under the Investment Company Act of 1940. At the time the Fund enters into the dollar roll, it will segregate liquid assets having a dollar value equal to the purchase price. Dollar roll transactions involve the risk that the market value of the securities retained by the Fund may decline below the price of the securities that the Fund has sold but is obligated to purchase under the agreement. In the event that the buyer of securities in a dollar roll transaction files for bankruptcy or becomes insolvent, the Fund's use of the proceeds from the sale of the securities may be restricted pending a determination by the other party, or its trustee or receiver, whether to enforce the Fund's obligation to purchase the securities. The return earned by the Fund with the proceeds of the dollar roll transaction may not exceed the return on the securities sold. E. FUTURES CONTRACTS - The Fund may purchase or sell futures contracts. Initial margin deposits required upon entering into futures contracts are satisfied by the segregation of specific securities as collateral for the account of the broker (the Fund's agent in acquiring the futures position). During the period the futures contracts are open, changes in the value of the contracts are recognized as unrealized gains or losses by "marking to market" on a daily basis to reflect the market value of the contracts at the end of each day's trading. Variation margin payments are received or made depending upon whether unrealized gains or losses are incurred. When the contracts are closed, the Fund recognizes a realized gain or loss equal to the difference between the proceeds from, or cost of, the closing transaction and the Fund's basis in the contract. If the Fund were unable to liquidate a futures contract and/or enter into an offsetting closing transaction, the Fund would continue to be subject to market risk with respect to the value of the contracts and continue to be required to maintain the margin deposits on the futures contracts. Risks may exceed amounts recognized in the Statement of Assets and Liabilities. F-4 AIM Intermediate Government Fund F. COLLATERAL - To the extent the Fund has pledged or segregated a security as collateral and that security is subsequently sold, it is the Fund's practice to replace such collateral no later than the next business day. NOTE 2--INVESTMENTS IN AFFILIATES The Fund is permitted, pursuant to procedures approved by the Board of Trustees, to invest daily available cash balances in an affiliated money market fund. The Fund and the money market fund below have the same investment advisor and therefore, are considered to be affiliated. The table below shows the transactions in and earnings from investments in an affiliated money market fund for the three months ended October 31, 2006.
CHANGE IN UNREALIZED VALUE PURCHASES PROCEEDS FROM APPRECIATION VALUE DIVIDEND REALIZED FUND 07/31/06 AT COST SALES (DEPRECIATION) 10/31/06 INCOME GAIN (LOSS) - ---- ----------- ----------- ------------- -------------- ----------- -------- ----------- Government & Agency Portfolio-Institutional Class $75,379,355 $27,462,857 $(73,429,563) $-- $29,412,649 $790,121 $--
NOTE 3 -- FUTURES CONTRACTS On October 31, 2006, $937,569 principal amount of U.S. Treasury and U.S. Government Obligations were pledged as collateral to cover margin requirements for open futures contracts. OPEN FUTURES CONTRACTS AT PERIOD END
UNREALIZED NUMBER OF MONTH/ VALUE APPRECIATION CONTRACT CONTRACTS COMMITMENT 10/31/06 (DEPRECIATION) -------- --------- ------------- ------------ -------------- U.S. Treasury 2 Year Notes 98 Dec.-06/Long $ 20,031,813 $ 39,567 U.S. Treasury 5 Year Notes 365 Dec.-06/Long 38,530,312 269,986 Subtotal $ 58,562,125 309,553 U.S. Treasury 10 Year Notes 835 Dec.-06/Short (90,362,657) (954,509) U.S. Treasury 30 Year Bonds 25 Dec.-06/Short (2,816,406) (52,016) ------------ ---------- Subtotal $(93,179,063) (1,006,525) ------------ ---------- Total $(34,616,938) (696,972) ============ ==========
NOTE 4 -- INVESTMENT SECURITIES The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the three months ended October 31, 2006 was $64,211,346 and $40,820,893, respectively. For interim reporting periods, the cost of investments for tax purposes includes reversals of certain tax items, such as, wash sales that have occurred since the prior fiscal year-end. UNREALIZED APPRECIATION (DEPRECIATION) OF INVESTMENT SECURITIES ON A TAX BASIS Aggregate unrealized appreciation of investment securities $3,051,952 Aggregate unrealized (depreciation) of investment securities (7,402,208) Net unrealized appreciation (depreciation) of investment securities
Cost of investments is the same for tax and financial statement purposes. $(4,350,256) F-5 AIM LIMITED MATURITY TREASURY FUND Quarterly Schedule of Portfolio Holdings - October 31, 2006 YOUR GOALS. OUR SOLUTIONS.(R) (AIM INVESTMENTS(R) LOGO) AIMINVESTMENTS.COM LTD-QTR-1 10/06 A I M Advisors, Inc. AIM LIMITED MATURITY TREASURY FUND SCHEDULE OF INVESTMENTS October 31, 2006 (Unaudited)
PRINCIPAL AMOUNT MATURITY (000) VALUE -------- --------- ------------ U.S. TREASURY SECURITIES-99.46%(A) 4.25% 11/30/07 $17,400 $ 17,285,856 4.38% 12/31/07 17,500 17,401,650 4.38% 01/31/08 17,500 17,401,650 4.63% 02/29/08 17,500 17,456,250 4.63% 03/31/08 17,500 17,456,250 4.88% 04/30/08 17,500 17,524,675 4.88% 05/31/08 17,500 17,530,100 5.13% 06/30/08 17,500 17,606,575 5.00% 07/31/08 17,500 17,576,650 4.88% 08/31/08 17,400 17,443,500 4.63% 09/30/08 17,400 17,372,856 4.88% 10/31/08 17,500 17,560,200 ------------ TOTAL INVESTMENTS-99.46% (Cost $209,552,639) 209,616,212 OTHER ASSETS LESS LIABILITIES-0.54% 1,132,033 ------------ NET ASSETS-100.00% $210,748,245 ============
Notes to Schedule of Investments: (a) In accordance with the procedures established by the Board of Trustees, security fair valued based on an evaluated quote provided by an independent pricing service. The aggregate value of these securities at October 31, 2006 was $209,616,212, which represented 99.46% of the Fund's Net Assets. See Note 1A. SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-1 AIM Limited Maturity Treasury Fund NOTES TO QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS October 31, 2006 (Unaudited) NOTE 1 -- SIGNIFICANT ACCOUNTING POLICIES A. SECURITY VALUATIONS - Securities, including restricted securities, are valued according to the following policy. Securities are fair valued using an evaluated quote provided by an independent pricing service approved by the Board of Trustees. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices and may reflect appropriate factors such as institution-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, individual trading characteristics and other market data. Short-term obligations with maturities of 60 days or less and commercial paper are recorded at amortized cost which approximates value. Securities for which market quotations either are not readily available or are unreliable are valued at fair value as determined in good faith by or under the supervision of the Trust's officers following procedures approved by the Board of Trustees. Some of the factors which may be considered in determining fair value are fundamental analytical data relating to the investment; the nature and duration of any restrictions on transferability or disposition; trading in similar securities by the same issuer or comparable companies; relevant political, economic or issuer specific news; and other relevant factors under the circumstances. B. SECURITIES TRANSACTIONS AND INVESTMENT INCOME - Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income is recorded on the accrual basis from settlement date. Dividend income is recorded on the ex-dividend date. Bond premiums and discounts are amortized and/or accreted for financial reporting purposes. Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of realized and unrealized gain (loss) from investment securities reported in the Statement of Operations and the Statement of Changes in Net Assets and the realized and unrealized net gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of the Fund's net asset value and, accordingly, they reduce the Fund's total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statement of Operations and Statement of Changes in Net Assets, or the net investment income per share and ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Fund and the advisor. The Fund allocates realized and unrealized capital gains and losses to a class based on the relative net assets of each class. The Fund allocates income to a class based on the relative value of the settled shares of each class. C. COUNTRY DETERMINATION - For the purposes of making investment selection decisions and presentation in the Schedule of Investments, AIM may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuer's securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America unless otherwise noted. F-2 AIM Limited Maturity Treasury Fund NOTE 2 -- ADVISORY FEES AND OTHER FEES PAID TO AFFILIATES The aggregate amount of U.S. Treasury obligations purchased and sold by the Fund during the three months ended October 31, 2006 was $57,635,922 and $74,446,637, respectively. For interim reporting periods, the cost of investments for tax purposes includes reversals of certain tax items, such as, wash sales that have occurred since the prior fiscal year-end. UNREALIZED APPRECIATION (DEPRECIATION) OF INVESTMENT SECURITIES ON A TAX BASIS Aggregate unrealized appreciation of investment securities $ 324,411 Aggregate unrealized (depreciation) of investment securities (283,948) --------- Net unrealized appreciation of investment securities $ 40,463 =========
Cost of investments for tax purposes is $209,575,749. F-3 AIM MONEY MARKET FUND Quarterly Schedule of Portfolio Holdings - October 31, 2006 YOUR GOALS. OUR SOLUTIONS.(R) (AIM INVESTMENTS(R) LOGO) AIMINVESTMENTS.COM MKT-QTR-1 10/06 A I M Advisors, Inc. AIM Money Market Fund SCHEDULE OF INVESTMENTS October 31, 2006 (Unaudited)
PRINCIPAL AMOUNT MATURITY (000) VALUE -------- --------- ------------ COMMERCIAL PAPER-43.41%(A) ASSET-BACKED SECURITIES - COMMERCIAL LOANS/LEASES-6.14% Atlantis One Funding Corp. (Acquired 05/16/06; Cost $16,863,550) 5.09%(b)(c) 11/13/06 $17,306 $ 17,276,667 (Acquired 09/25/06; Cost $34,561,878) 5.24%(b)(c) 12/20/06 35,000 34,750,372 Fountain Square Commercial Funding Corp. (Acquired 08/15/06; Cost $15,512,697) 5.30%(b) 11/13/06 15,721 15,693,226 ------------ 67,720,265 ------------ ASSET-BACKED SECURITIES - CONSUMER RECEIVABLES-3.62% Old Line Funding, LLC (Acquired 10/11/06; Cost $39,766,222) 5.26%(b) 11/20/06 40,000 39,888,956 ------------ ASSET-BACKED SECURITIES - FULLY BACKED-4.99% Concord Minutemen Capital Co., LLC Series A (Multi CEP's-Liberty Hampshire Co., LLC; agent) (Acquired 10/13/06; Cost $24,373,476) 5.22%(b) 04/04/07 25,000 24,442,285 (Acquired 08/30/06; Cost $3,038,736) 5.27%(b) 01/12/07 3,100 3,067,326 Crown Point Capital Co., LLC Series A (Multi CEP's-Liberty Hampshire Co., LLC; agent) (Acquired 08/16/06; Cost $3,000,876) 5.29%(b)(c) 11/17/06 3,042 3,034,848 Govco, Inc. (Multi CEP's-Government sponsored entities) (Acquired 09/19/06; Cost $24,351,042) 5.25%(b) 03/16/07 25,000 24,507,812 ------------ 55,052,271 ------------
PRINCIPAL AMOUNT MATURITY (000) VALUE -------- --------- ------------ ASSET-BACKED SECURITIES - MULTI- PURPOSE-9.39% Fairway Finance Co., LLC (Acquired 08/16/06; Cost $3,942,398) 5.29%(b) 11/22/06 $ 4,000 $ 3,987,656 Preferred Receivables Funding Corp. (Acquired 10/12/06; Cost $22,863,894) 5.25%(b) 11/10/06 22,961 22,930,864 Ranger Funding Co. LLC (Acquired 10/03/06; Cost $56,605,874) 5.25%(b) 12/08/06 57,156 56,847,596 Sheffield Receivables Corp. (LOC-Barclays Bank) (Acquired 10/06/06; Cost $19,726,356) 5.24%(b) 01/12/07 20,000 19,790,400 ------------ 103,556,516 ------------ ASSET-BACKED SECURITIES - SECURITY INVESTMENT VEHICLES-14.90% Aquifer Funding Ltd./LLC (Acquired 10/04/06; Cost $39,824,000) 5.28%(b) 11/03/06 40,000 39,988,267 Beta Finance Corp./Inc. (Acquired 10/20/06; Cost $19,463,500) 5.22%(b)(c) 04/23/07 20,000 19,498,300 Grampian Funding Ltd./LLC (Acquired 05/11/06; Cost $29,235,000) 5.10%(b)(c) 11/07/06 30,000 29,974,500 Grenadier Funding Ltd./Corp. (Acquired 09/27/06; Cost $24,693,167) 5.26%(b) 12/22/06 25,000 24,813,708 Liberty Harbour CDO Ltd./Inc. Series 05-01 (Acquired 10/03/06; Cost $49,743,333) 5.28%(b) 11/08/06 50,000 49,948,667 ------------ 164,223,442 ------------ INVESTMENT BANKING & BROKERAGE-0.86% Bear, Stearns & Co., Inc. 5.24% 12/05/06 9,550 9,502,738
F-1 AIM Money Market Fund
PRINCIPAL AMOUNT MATURITY (000) VALUE -------- --------- ------------ LETTER OF CREDIT ENHANCED-0.98% Alabama (State of) Industrial Development Authority (Commscope Project); Taxable Series 1995 Notes (LOC-Wachovia Bank, N.A.) 5.32%(d) 11/21/06 $10,800 $ 10,800,000 REGIONAL BANKS-2.53% Bank of Ireland (Acquired 06/06/06; Cost $27,320,432) 5.17%(b)(c) 11/22/06 28,000 27,915,557 ------------ Total Commercial Paper (Cost $478,659,745) 478,659,745 ------------ VARIABLE RATE DEMAND NOTES-11.33%(E) INSURED-3.03%(F) Aerospace Corp.; Series 2006, Bonds (INS-Financial Guaranty Insurance Co.) (Acquired 05/16/06; Cost $25,000,000) 5.31%(b)(g)(h) 06/01/36 25,000 25,000,000 Michigan (State of) Housing Development Authority; Series 2000 C, Taxable RB (INS-MBIA Insurance Corp.) 5.36%(g)(h) 12/01/20 6,405 6,405,000 Texas (State of) Coastal Bend Health Facilities Development Corp. (Christus Health Obligation Group) Sub-Series 2005 B-1, Taxable RB (INS-Ambac Assurance Corp.) 5.31%(g)(h) 07/01/22 2,000 2,000,000 ------------ 33,405,000 ------------ LETTER OF CREDIT ENHANCED-8.30%(D) ABAG Finance Authority for Nonprofit Corporations (YMCA of San Francisco); Series 2004 A, Refunding Taxable RB (LOC-Wells Fargo Bank, N.A.) 5.31%(g)(h) 10/01/29 9,010 9,010,000 Athens-Clarke (County of), Georgia Industrial Development Authority (Allen Properties, Inc. Project); Series 2003, Taxable RB (LOC-SunTrust Bank) 5.30%(g)(h) 12/01/24 6,990 6,990,000
PRINCIPAL AMOUNT MATURITY (000) VALUE -------- --------- ------------ LETTER OF CREDIT ENHANCED(D)-(CONTINUED) Chula Vista (City of), California (Teresina Apartments); Series 2006 A, Refunding Multi-Family Housing Taxable RB (LOC-Federal National Mortgage Association) 5.30%(g)(h) 05/15/36 $ 5,000 $ 5,000,000 District of Columbia, Washington (National Association of Realtors); Series 2003 B, Taxable RB (LOC-SunTrust Bank) 5.30%(g)(h) 04/01/24 9,000 9,000,000 EagleBend Affordable Housing Corp., Colorado (Multi-Family Housing Project); Series 2006 A, Refunding Taxable Conv. RB (LOC-U.S. Bank, N.A.) 5.32%(g)(h) 07/01/21 4,380 4,380,000 FE, LLC; Series A, Loan Program Notes (LOC-Fifth Third Bank) 5.33%(h) 04/01/28 6,760 6,760,000 Food Supply Inc.; Notes (LOC-SunTrust Bank) 5.30%(g)(h) 05/01/24 4,135 4,135,000 Los Lunas (City of), New Mexico (Fresenius Medical Care Project); Series 2005, Refunding Taxable IDR (LOC-Wells Fargo Bank, N.A.) 5.37%(g)(h) 02/01/25 1,200 1,200,000 Massachusetts (State of) Housing Finance Authority (Avalon at Crane Brook Project); Series 2006 A, Taxable RB (LOC-JPMorgan Chase Bank, N.A.) 5.33%(h) 04/01/36 11,945 11,945,000 Miami-Dade (County of), Florida Industrial Development Authority (Dolphins Stadium); Series 2000, Taxable IDR (LOC-Societe Generale S.A.) 5.35%(c)(h) 07/01/22 100 100,000 Mississippi (State of) Business Finance Corp. (Viking Range Corp. Project); Series 2000, Taxable IDR (LOC-Bank of America, N.A.) 5.39%(h) 06/01/15 10,690 10,690,000
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-2 AIM Money Market Fund
PRINCIPAL AMOUNT MATURITY (000) VALUE -------- --------- ------------ LETTER OF CREDIT ENHANCED(D)-(CONTINUED) Parma (City of), Ohio Economic Development (PRL Corp.); Series 2006, RB (LOC-JPMorgan Chase Bank, N.A.) 5.32%(g)(h) 11/01/30 $ 9,140 $ 9,140,000 Seattle Art Museum, Washington; Series 2005, Taxable RB (LOC-Allied Irish Banks PLC) 5.30%(c)(g)(h) 07/01/33 3,900 3,900,000 Thomasville (City of), Georgia Payroll Development Authority (American Fresh Foods L.P.); Series 2005 B, Taxable RB (LOC-Wachovia Bank, N.A.) 5.37%(g)(h) 09/01/17 2,500 2,500,000 Ward (County of), North Dakota Health Care Facility (Trinity Obligation Group); Series 2002 B, Taxable RB (LOC-U.S. Bank, N.A.) 5.35%(g)(h) 07/01/31 6,800 6,800,000 ------------ 91,550,000 ------------ Total Variable Rate Demand Notes (Cost $124,955,000) 124,955,000 ------------ ASSET-BACKED SECURITIES-6.72% FULLY BACKED-4.91% RACERS Trust; Series 2004-6-MM, Floating Rate Notes (CEP-Lehman Brothers Holdings Inc.) (Acquired 04/13/04; Cost $30,000,000) 5.34%(b)(h) 04/22/07 30,000 30,000,000 Wachovia Asset Securitization Issuance, LLC Series 2004-HM2A, Class AMM, Putable Floating Rate Bonds (CEP-Ambac Assurance Corp.) (Acquired 09/07/05; Cost $24,086,868) 5.31%(b)(h)(i) 12/25/34 24,087 24,086,867 ------------ 54,086,867 ------------
PRINCIPAL AMOUNT MATURITY (000) VALUE -------- --------- ------------ STRUCTURED-1.81% Paragon Mortgages PLC; (United Kingdom) Series 13A, Class A1, Floating Rate Bonds (Acquired 10/20/06; Cost $10,000,000) 5.30%(b)(h) 07/15/07 $10,000 $ 10,000,000 Permanent Financing PLC; (United Kingdom) Series 9A, Class 1A, Floating Rate Bonds (Acquired 03/15/06; Cost $10,000,000) 5.29%(b)(c)(h) 03/10/07 10,000 10,000,000 ------------ 20,000,000 ------------ Total Asset-Backed Securities (Cost $74,086,867) 74,086,867 ------------ MASTER NOTE AGREEMENT-4.99% Merrill Lynch Mortgage Capital, Inc. (Acquired 08/22/06; Cost $55,000,000) 5.44%(b)(g)(h)(j) 12/06/06 55,000 55,000,000 CERTIFICATES OF DEPOSIT-4.90% Barclays Bank PLC 5.45% 06/12/07 10,000 10,000,000 Svenska Handelsbanken A.B. 4.77% 12/19/06 24,000 24,000,000 4.95% 02/07/07 20,000 20,000,000 ------------ Total Certificates of Deposit (Cost $54,000,000) 54,000,000 ------------ MEDIUM-TERM NOTES-2.99% Credit Agricole S.A. Floating Rate MTN (Acquired 06/23/06; Cost $10,000,000) 5.34%(b)(c)(h) 11/24/07 10,000 10,000,000 Societe Generale S.A., Unsec. Floating Rate MTN (Acquired 10/26/05; Cost $23,000,000) 5.29%(b)(c)(h) 11/02/07 23,000 23,000,000 ------------ Total Medium-Term Notes (Cost $33,000,000) 33,000,000 ------------
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-3 AIM Money Market Fund
PRINCIPAL AMOUNT MATURITY (000) VALUE -------- --------- ------------ FUNDING AGREEMENTS-1.99% MetLife Insurance Co. of Connecticut (Acquired 10/13/06; Cost $12,000,000) 5.43%(b)(h)(k) 10/12/07 $12,000 $ 12,000,000 New York Life Insurance Co. (Acquired 04/05/06; Cost $10,000,000) 5.43%(b)(h)(k) 04/05/07 10,000 10,000,000 ------------ Total Funding Agreements (Cost $22,000,000) 22,000,000 ------------ TOTAL INVESTMENTS (excluding Repurchase Agreements)-76.33% (Cost $841,701,612) 841,701,612 ------------
REPURCHASE AMOUNT ----------- REPURCHASE AGREEMENTS-23.49%(L) Banc of America Securities LLC, Agreement dated 10/31/06, maturing value $50,007,444 (collateralized by Corporate obligations valued at $52,500,001; 0%-7.00%, 02/01/08-11/15/35) 5.36%, 11/01/06 50,007,444 50,000,000 Barclays Capital Inc., Joint agreement dated 10/31/06, aggregate maturing value $500,073,750 (collateralized by U.S. Government Agency obligations valued at $510,000,000; 4.50%-6.65%, 04/01/20-10/01/36) 5.31%, 11/01/06 109,002,800 108,987,724 BNP Paribas Securities Corp., Agreement dated 10/31/06, aggregate maturing value $50,007,462 (collateralized by Corporate obligations valued at $52,500,001; 0%-6.63%, 05/15/11-07/25/36) 5.37%, 11/01/06(c) 50,007,462 50,000,000 Deutsche Bank Securities Inc., Agreement dated 10/31/06, maturing value $50,007,462 (collateralized by Corporate obligations valued at $52,500,001; 5.50%-9.62%, 01/25/35-10/12/38) 5.37%, 11/01/06(c) 50,007,462 50,000,000 -------------- Total Repurchase Agreements (Cost $258,987,724) 258,987,724 -------------- TOTAL INVESTMENTS(m)(n)-99.82% (Cost $1,100,689,336) 1,100,689,336 -------------- OTHER ASSETS LESS LIABILITIES-0.18% 1,983,054 -------------- NET ASSETS-100.00% $1,102,672,390 --------------
Investment Abbreviations: CEP -- Credit Enhancement Provider Conv. -- Convertible IDR -- Industrial Development Revenue Bonds INS -- Insurer LOC -- Letter of Credit MTN -- Medium-Term Notes RACERS -- Restructured Asset Certificates with Enhanced ReturnS(SM) RB -- Revenue Bonds Unsec. -- Unsecured Notes to Schedule of Investments: (a) Security may be traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund. (b) Security not registered under the Securities Act of 1933, as amended (e.g., the security was purchased in a Rule 144A transaction or a Regulation D transaction). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The Fund has no rights to demand registration of these securities. The aggregate value of these securities at October 31, 2006 was $667,443,874, which represented 60.53% of the Fund's Net Assets. Unless otherwise indicated, these securities are not considered to be illiquid. (c) The security is credit guaranteed, enhanced or has credit risk by a foreign entity. The foreign credit exposure to countries other than the United States of America (as a percentage of net assets) is summarized as follows: France: 7.54%; Netherlands: 6.53%; other countries less than 5%: 12.18%. (d) Principal and interest payments are fully enhanced by a letter of credit from the bank listed or a predecessor bank, branch or subsidiary. (e) Demand security; payable upon demand by the Fund with usually no more than seven calendar days' notice. (f) Principal and/or interest payments are secured by the bond insurance company listed. (g) In accordance with the procedures established by the Board of Trustees, investments are through participation in joint accounts with other mutual funds, private accounts and certain non-registered investment companies managed by the investment advisor or its affiliates. (h) Interest rate is redetermined periodically. Rate shown is the rate in effect on October 31, 2006. (i) Demand security; payable upon demand by the Fund at specified time intervals no greater than thirteen months. (j) The Fund may demand prepayment of notes purchased under the Master Note Purchase Agreement upon one or two business day's notice based depending on the timing of the demand. (k) Security considered to be illiquid. The Fund is limited to investing 10% of net assets in illiquid securities at the time of purchase. The aggregate value of these securities considered illiquid at October 31, 2006 was $22,000,000, which represented 2.00% of the Fund's Net Assets. (l) Principal amount equals value at period end. See Note 1D. (m) This table provides a listing of those entities that have either issued, guaranteed, backed or otherwise enhanced the credit quality of more than 5% of the securities held in the portfolio. In instances where the entity has guaranteed, backed or otherwise enhanced the credit quality of a security, it is not primarily responsible for the issuer's obligations but may be called upon to satisfy the issuer's obligations.
Entities Percentage - -------- ---------- Bank of America, N.A. 5.5% Ranger Funding Co. LLC 5.2 Other Entities Less than 5% 79.3
(n) Also represents cost for federal income tax purposes. SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-4 AIM Money Market Fund NOTES TO QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS October 31, 2006 (Unaudited) NOTE 1 -- SIGNIFICANT ACCOUNTING POLICIES A. SECURITY VALUATIONS - The Fund's securities are recorded on the basis of amortized cost which approximates value as permitted by Rule 2a-7 under the 1940 Act. This method values a security at its cost on the date of purchase and, thereafter, assumes a constant amortization to maturity of any premiums or accretion of any discounts. B. SECURITIES TRANSACTIONS AND INVESTMENT INCOME - Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income is recorded on the accrual basis from settlement date. Paydown gains and losses on mortgage and asset-backed securities are recorded as adjustments to interest income. Dividend income is recorded on the ex-dividend date. Bond premiums and discounts are amortized and/or accreted for financial reporting purposes. Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of realized and unrealized gain (loss) from investment securities reported in the Statement of Operations and the Statement of Changes in Net Assets and the realized and unrealized net gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of the Fund's net asset value and, accordingly, they reduce the Fund's total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statement of Operations and Statement of Changes in Net Assets, or the net investment income per share and ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Fund and the advisor. The Fund allocates realized and unrealized capital gains and losses to a class based on the relative net assets of each class. The Fund allocates income to a class based on the relative value of the settled shares of each class. C. COUNTRY DETERMINATION - For the purposes of making investment selection decisions and presentation in the Schedule of Investments, AIM may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuer's securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America unless otherwise noted. D. REPURCHASE AGREEMENTS - The Fund may enter into repurchase agreements. Collateral on repurchase agreements, including the Fund's pro-rata interest in joint repurchase agreements, is taken into possession by the Fund upon entering into the repurchase agreement. Eligible securities for collateral are securities consistent with the Fund's investment objectives and may consist of U.S. Government Securities, U.S. Government Agency Securities and/or, Investment Grade Debt Securities. Collateral consisting of U.S. Government Securities and U.S. Government Agency Securities is marked to market daily to ensure its market value is at least 102% of the sales price of the repurchase agreement. Collateral consisting of Investment Grade Debt Securities is marked to market daily to ensure its market value is at least 105% of the sales price of the repurchase agreement. The investments in some repurchase agreements, pursuant to procedures approved by the Board of Trustees, are through participation with other mutual funds, private accounts and certain non-registered investment companies managed by the investment advisor or its affiliates ("Joint repurchase agreements"). The principal amount of the repurchase agreement is equal to the value at period-end. If the seller of a repurchase agreement fails to repurchase the security in accordance with the terms of the agreement, the Fund might incur expenses in enforcing its rights, and could experience losses, including a decline in the value of the collateral and loss of income. F-5 AIM MUNICIPAL BOND FUND Quarterly Schedule of Portfolio Holdings - October 31, 2006 (AIM YOUR GOALS. INVESTMENTS OUR SOLUTIONS.(R) (R) LOGO) AIMinvestments.com MBD-QTR-1 10/06 A I M Advisors, Inc. AIM Municipal Bond Fund SCHEDULE OF INVESTMENTS October 31, 2006 (Unaudited)
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ MUNICIPAL OBLIGATIONS-98.82% ALABAMA-2.07% Alabama (State of) Public School & College Authority; Series 1999 C, Capital Improvement RB 5.75%, 07/01/17 (b) AA Aa2 $1,400 $ 1,490,328 Baldwin (County of); Series 2006 A, Unlimited Tax Wts. GO (INS-XL Capital Assurance Inc.) 5.00%, 01/01/21 (b)(c) AAA Aaa 1,490 1,604,447 Birmingham (City of) Special Care Facilities Financing Authority (Children's Hospital of Alabama); Series 2002, Health Care Facility RB (INS-Ambac Assurance Corp.) 5.38%, 06/01/23 (b)(c) AAA Aaa 1,500 1,602,930 Courtland (City of) Industrial Development Board (Champion International Corp. Project); Series 1996, Refunding Environmental Improvement RB 6.40%, 11/01/26 (b)(d) -- Baa3 2,315 2,361,300 Jefferson (County of); Series 2000, School Limited Tax Wts. GO (INS-Financial Security Assurance Inc.) 5.50%, 02/15/20(b)(c) AAA Aaa 1,250 1,318,100 Series 2001 A Capital Improvement Sewer Wts. RB 5.00%, 02/01/11(b)(e)(f) AAA Aaa 775 824,600 Lauderdale (County of) & Florence (City of) Health Care Authority (Coffee Health Group); Series 2000 A, RB (INS-MBIA Insurance Corp.) 6.00%, 07/01/29 (b)(c) AAA Aaa 1,000 1,089,740 University of Alabama; Series 2004 A, RB (INS-MBIA Insurance Corp.) 5.00%, 07/01/29 (b)(c) AAA Aaa 1,000 1,055,910 ------------ 11,347,355 ------------
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ ALASKA-0.39% Alaska (State of) Housing Finance Corp. (State Building Lease); Series 1999, RB 5.75%, 04/01/10 (b)(e)(f) AAA Aaa $2,000 $ 2,141,440 AMERICAN SAMOA-0.24% American Samoa (Territory of); Series 2000, Refunding Unlimited Tax GO (INS-ACA Financial Guaranty Corp.) 6.00%, 09/01/08 (b)(c) A -- 1,280 1,319,130 ARIZONA-0.20% Phoenix (City of) Civic Improvement Corp. (Waste Water System); Series 2000, Jr. Lien RB (INS-Financial Guaranty Insurance Co.) 5.70%, 07/01/08 (b)(c) AAA Aaa 1,055 1,091,566 ARKANSAS-0.29% North Little Rock (City of) Health Facilities Board (Baptist Health); Series 2001, Health Care RB 5.70%, 07/01/22 (b) A+ -- 500 521,090 Van Buren (County of); Series 2000, Refunding Construction Sales & Use Tax RB (INS-Ambac Assurance Corp.) 5.60%, 12/01/25 (b)(c) -- Aaa 1,000 1,072,450 ------------ 1,593,540 ------------ CALIFORNIA-4.44% ABAG Finance Authority for Non-Profit Corps. (Lincoln Glen Manor for Senior Citizens); Series 2000, COP (CEP-Cal-Mortgage) 6.10%, 02/15/25 (b) A+ -- 1,000 1,041,470 ABAG Finance Authority for Non-Profit Corps. (Lytton Gardens Inc.); Series 1999, COP (CEP-Cal-Mortgage) 6.00%, 02/15/19 (b) A+ -- 1,585 1,648,955
F-1 AIM Municipal Bond Fund
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ CALIFORNIA-(CONTINUED) ABAG Finance Authority for Non-Profit Corps. (Odd Fellows Home of California); Series 1999, COP (CEP-Cal-Mortgage) 6.00%, 08/15/24 (b) A+ -- $1,000 $ 1,028,350 Bell (City of) Community Housing Authority; Series 2005, Refunding Lease RB (INS-Ambac Assurance Corp.) 5.00%, 10/01/30 (b)(c) AAA -- 1,000 1,050,570 Big Bear Lake (City of); Series 1996, Refunding Water RB (INS-MBIA Insurance Corp.) 6.00%, 04/01/22 (b)(c) AAA Aaa 2,000 2,371,800 California (State of); Series 2003, Unlimited Tax GO (INS-Ambac Assurance Corp.) 5.00%, 02/01/33 (b)(c) AAA Aaa 2,445 2,561,626 California (State of) Department of Water Resources; Series 2002 A, Power Supply RB 5.38%, 05/01/12 (b)(e)(f) NRR Aaa 1,000 1,103,360 California (State of) Educational Facilities Authority (Fresno Pacific University); Series 2000 A, RB 6.05%, 03/01/11 (b) -- Baa3 1,350 1,451,547 California State University (Systemwise); Series 2005 A, RB (INS-Ambac Assurance Corp.) 5.00%, 11/01/25 (b)(c) AAA Aaa 2,100 2,245,299 Dinuba (City of) Redevelopment Agency (Merged City Redevelopment Project No. 2); Series 2006, TAN (INS-Ambac Assurance Corp.) 4.25%, 09/01/26(b)(c) AAA Aaa 1,000 985,450 Series 2005 TAN (INS-Ambac Assurance Corp.) 5.00%, 09/01/34(b)(c) AAA Aaa 1,000 1,044,180 Series 2006 TAN (INS-Ambac Assurance Corp.) 5.00%, 09/01/36(b)(c) AAA Aaa 1,000 1,055,570 El Centro (City of) Financing Authority; Series 2006 A, Water RB (INS-Financial Security Assurance Inc.) 5.00%, 10/01/26 (b)(c) AAA Aaa 2,000 2,136,920
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ CALIFORNIA-(CONTINUED) Foothill/Eastern Corridor Agency (California Toll Road Project); Series 1995 A, Sr Lien RB 6.00%, 01/01/10 (b)(e)(f) AAA Aaa $ 400 $ 430,528 Montclair (City of) Financing Authority (Public Facilities Project); Series 2005, Lease RB (INS-Ambac Assurance Corp.) 4.60%, 10/01/25 (b)(c) AAA -- 1,150 1,178,313 Sacramento (City of) Financing Authority (Convention Center Hotel Project); Series 1999 A, Sr. RB 6.25%, 01/01/30 (b)(g) -- -- 750 779,895 Saugus (City of) Union School District; Series 2005 B, Unlimited Tax GO 5.00%, 08/01/15 (b)(e)(f) AAA Aaa 2,000 2,213,100 ------------ 24,326,933 ------------ COLORADO-4.01% Aurora (City of); Series 2000, Public Improvement COP 5.50%, 12/01/10 (b)(e)(f) AAA Aaa 3,330 3,577,019 Boulder (County of); Series 2005 A, Open Space Capital Improvement Trust Fund RB (INS-Financial Security Assurance Inc.) 5.00%, 01/01/24 (b)(c) AAA Aaa 4,145 4,439,917 Colorado (State of) E-470 Public Highway Authority; Series 2000 A, Sr. RB 5.75%, 09/01/10 (b)(e)(f) AAA Aaa 1,000 1,090,620 Colorado (State of) Educational & Cultural Facilities Authority (Charter School-Peak to Peak Project); Series 2004, Refunding & Improvement RB (INS-XL Capital Assurance Inc.) 5.25%, 08/15/24 (b)(c) AAA Aaa 1,000 1,090,520 Colorado (State of) Health Facilities Authority (Exempla Inc.); Series 2002 A RB 5.50%, 01/01/23(b) A- A1 2,850 3,030,861 5.63%, 01/01/33(b) A- A1 2,000 2,119,320
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-2 AIM Municipal Bond Fund
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ COLORADO-(CONTINUED) Denver (City of) Health & Hospital Authority; Series 2004 A, Refunding Health Care RB 6.25%, 12/01/33 (b) BBB Baa3 $ 750 $ 833,745 Meridian Metropolitan District; Series 2001 B, Refunding & Improvement Unlimited Tax GO (INS-Radian Asset Assurance, Inc.) 5.00%, 12/01/25 (b)(c) AA -- 1,000 1,031,590 MidCities Metropolitan District No. 2; Series 2006, Refunding & Improvement Unlimited Tax GO (INS-Radian Asset Assurance, Inc.) 5.13%, 12/01/30 (b)(c) AA -- 2,000 2,120,280 Northwest Parkway Public Highway Authority; Series 2001 A, Sr. RB (INS-Financial Security Assurance Inc.) 5.25%, 06/15/41 (b)(c) AAA Aaa 1,000 1,066,210 Superior (City of) Metropolitan District No. 1; Series 2006, Refunding RB (INS-Ambac Assurance Corp.) 5.00%, 12/01/23 (b)(c) AAA Aaa 1,450 1,559,432 ------------ 21,959,514 ------------ CONNECTICUT-2.69% Connecticut (State of) (Bradley International Airport); Series 2000 A, Special Obligation Parking RB (INS-ACA Financial Guaranty Corp.) 6.60%, 07/01/24 (b)(c)(d) A -- 1,250 1,370,838 Connecticut (State of) (Transportation Infrastructure); Series 1991 B, Special Obligation Tax RB 6.50%, 10/01/10(b) AA A1 530 584,770 6.50%, 10/01/12(b) AA A1 1,500 1,718,535 Connecticut (State of) Area Cooperative Educational Services (Staff Development/Administration Facilities); Series 1999, Unlimited Tax GO (INS-ACA Financial Guaranty Corp.) 5.63%, 07/15/19(b)(c) A -- 1,060 1,089,404
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ CONNECTICUT-(CONTINUED) Connecticut (State of) Health & Educational Facilities Authority (Bridgeport Hospital); Series 1992 A, RB (INS-MBIA Insurance Corp.) 6.63%, 07/01/18 (b)(c) AAA Aaa $ 500 $ 500,555 Connecticut (State of) Health & Educational Facilities Authority (Loomis Chaffee School); Series 2001 D, RB 5.25%, 07/01/11 (b)(e)(f) NRR NRR 1,000 1,079,530 Connecticut (State of) Health & Educational Facilities Authority (William W. Backus Hospital); Series 1997 D, RB 5.75%, 07/01/07 (b)(e)(f) AAA Aaa 1,000 1,034,410 Connecticut (State of) Housing Finance Authority (Group Home Mortgage); Series 2000 GH-5, Special Obligation RB (INS-Ambac Assurance Corp.) 5.85%, 06/15/30 (b)(c) AAA Aaa 500 530,585 Connecticut (State of) Housing Finance Authority (Housing Mortgage Finance Program); Series 1998 C, RB 5.50%, 11/15/35(b)(d) AAA Aaa 1,775 1,824,594 Series 1996 G, RB 6.00%, 11/15/27(b)(d) AAA Aaa 1,000 1,020,740 Series 1996 C-1, RB 6.30%, 11/15/17(b) AAA Aaa 1,015 1,044,181 Mansfield (City of); Series 1990, Unlimited Tax GO 6.00%, 06/15/07 (b) -- Aa3 100 101,495 New Britain (City of); Series 1992, Unlimited Tax GO (INS-MBIA Insurance Corp.) 6.00%, 02/01/11 (b)(c) AAA Aaa 400 439,432 North Canaan (City of); Series 1991, Unlimited Tax GO 6.50%, 01/15/10(b) -- A3 125 135,580 6.50%, 01/15/11(b) -- A3 125 139,366 Somers (City of); Series 1990, Unlimited Tax GO 6.00%, 12/01/10 (b) -- A1 190 206,543 University of Connecticut; Series 2000 A, Student Fee RB 6.00%, 11/15/10 (b)(e)(f) NRR NRR 1,325 1,458,520
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-3 AIM Municipal Bond Fund
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ CONNECTICUT-(CONTINUED) Westbrook (City of); Series 1992, Unlimited Tax GO (INS-MBIA Insurance Corp.) 6.40%, 03/15/10 (b)(c) AAA Aaa $ 380 $ 414,945 ------------ 14,694,023 ------------ DELAWARE-0.05% Delaware (State of) Economic Development Authority (Osteopathic Hospital Association); Series 1993 A, RB 6.75%, 01/01/13 (b)(f) NRR Aaa 250 280,172 DISTRICT OF COLUMBIA-0.43% District of Columbia (George Washington University); Series 2001 A, RB (INS-MBIA Insurance Corp.) 5.13%, 09/15/31 (b)(c) AAA Aaa 1,000 1,045,660 District of Columbia (Gonzaga College High School); Series 1999, RB (INS-Financial Security Assurance Inc.) 5.38%, 07/01/19 (b)(c) AAA Aaa 1,055 1,114,133 District of Columbia (Mandarin Oriental Hotel Project); Series 2002, Tax Increment RB (INS-Financial Security Assurance Inc.) 5.25%, 07/01/22 (b)(c) AAA Aaa 200 213,900 ------------ 2,373,693 ------------ FLORIDA-1.28% Brevard (County of) School Board; Series 2006 A, COP (INS-Ambac Assurance Corp.) 5.00%, 07/01/22 (b)(c) -- Aaa 1,000 1,068,890 Crossings at Fleming Island Community Development District; Series 2000 B, Refunding Special Assessment RB (INS-MBIA Insurance Corp.) 5.80%, 05/01/16 (b)(c) AAA Aaa 1,000 1,077,380 Jacksonville (City of) Health Facilities Authority (Ascension Health Credit Group); Series 2002 A, RB 5.25%, 11/15/32 (b) AA Aa2 1,500 1,592,220
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ FLORIDA-(CONTINUED) Miami-Dade (County of) (Miami International Airport); Series 2000 B, Aviation RB (INS-Financial Guaranty Insurance Co.) 5.75%, 10/01/29 (b)(c) AAA Aaa $2,000 $ 2,166,040 Sunrise (City of) Utility System; Series 1998, Refunding RB (INS-Ambac Assurance Corp.) 5.00%, 10/01/28 (b)(c) AAA Aaa 1,000 1,084,110 ------------ 6,988,640 ------------ GEORGIA-0.79% Gilmer (County of) Building Authority (Courthouse Project); Series 2005 A, RB (INS-XL Capital Assurance Inc.) 5.00%, 04/01/29 (b)(c) AAA Aaa 2,000 2,122,500 Gwinnett (County of) Water & Sewer Authority; Series 2002, RB 5.25%, 08/01/12 (b)(e)(f) AAA Aaa 2,000 2,177,340 ------------ 4,299,840 ------------ ILLINOIS-6.58% Bellwood (City of); Series 2002, Unlimited Tax GO 5.25%, 12/01/12 (b)(e)(f) NRR Aaa 1,000 1,091,600 Chicago (City of) (Cottage View Terrace Apartments); Series 2000 A, FHA/GNMA Collateralized Multi-Family Housing RB (CEP-GNMA) 6.13%, 02/20/42 (b)(d) AAA -- 1,550 1,626,678 Chicago (City of); Series 2001 A, Project & Refunding Unlimited Tax GO 5.25%, 01/01/11(b)(e)(f) AAA Aaa 65 69,850 Series 2001, Special Transportation RB 5.25%, 01/01/27(b)(e)(f) AAA Aaa 1,000 1,058,670 Series 2001 A, Project & Refunding Unlimited Tax GO (INS-MBIA Insurance Corp.) 5.25%, 01/01/33(b)(c) AAA Aaa 3,875 4,077,934 Series 2000 C, Project & Refunding Unlimited Tax GO 5.50%, 07/01/10(b)(e)(f) AAA Aaa 1,755 1,888,117 Series 2000 C
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-4 AIM Municipal Bond Fund
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ ILLINOIS-(CONTINUED) Project & Refunding Unlimited Tax GO (INS-Financial Guaranty Insurance Co.) 5.50%, 01/01/40(b)(c) AAA Aaa $ 995 $ 1,060,571 Cook (County of); Series 2004 B, Capital Improvement Unlimited Tax GO (INS-MBIA Insurance Corp.) 5.00%, 11/15/29 (b)(c) AAA Aaa 1,000 1,056,850 Freeport (City of); Series 2000, Sewer System Improvements Unlimited Tax GO 6.00%, 12/01/10 (b)(e)(f) AAA Aaa 1,000 1,099,680 Illinois (State of) Department of Central Management Services; Series 1999, COP (INS-MBIA Insurance Corp.) 5.85%, 07/01/19 (b)(c) AAA Aaa 1,750 1,864,397 Illinois (State of) Development Finance Authority (Adventist Health Systems Project); Series 1997 A, RB (INS-MBIA Insurance Corp.) 6.00%, 11/15/11 (b)(c) AAA Aaa 2,500 2,733,175 Illinois (State of) Educational Facilities Authority (Northwestern University); Series 1997, Adjustable Rate Medium Term RB 5.25%, 11/01/14 (b)(e)(f) NRR Aaa 1,000 1,091,960 Illinois (State of) Educational Facilities Authority (Robert Morris College); Series 2000 RB (INS-MBIA Insurance Corp.) 5.75%, 06/01/20(b)(c) -- Aaa 1,305 1,333,658 5.80%, 06/01/30(b)(c) -- Aaa 1,000 1,014,750 Illinois (State of) Health Facilities Authority (Blessing Hospital); Series 1999 A, RB (INS-Financial Security Assurance Inc.) 6.00%, 11/15/19 (b)(c) AAA Aaa 1,000 1,060,690 Illinois (State of) Health Facilities Authority (Evangelical Hospital Corp.); Series 1992 A, Refunding RB 6.25%, 04/15/22(b)(f) NRR Aaa 1,000 1,195,430 Series 1992 C, RB 6.25%, 04/15/22(b)(f) NRR NRR 1,150 1,405,323
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ ILLINOIS-(CONTINUED) Illinois (State of) Municipal Electric Agency; Series 2006, Power Supply RB (INS-Financial Guaranty Insurance Co.) 5.00%, 02/01/26 (b)(c) AAA Aaa $4,000 $ 4,264,920 Metropolitan Pier & Exposition Authority (McCormick Place Expansion); Series 2002 A Capital Appreciation Dedicated State Tax RB (INS-MBIA Insurance Corp.) 5.25%, 06/15/42(b)(c) AAA Aaa 1,000 1,064,050 6.97%, 06/15/30(b)(c)(h) AAA Aaa 1,000 361,930 Tazewell (County of) Community High School District No. 303 (Pekin); Series 1996 Unlimited Tax GO 5.63%, 01/01/07(b)(e)(f) AAA Aaa 1,275 1,279,309 Unlimited Tax GO (INS-Financial Guaranty Insurance Co.) 5.63%, 01/01/14(b)(c) AAA Aaa 160 160,499 Will (County of) Joliet School District No. 86; Series 2000 B Refunding Unlimited Tax GO (INS-Financial Security Assurance Inc.) 5.00%, 03/01/20(b)(c) -- Aaa 1,680 1,808,268 5.00%, 03/01/24(b)(c) -- Aaa 1,000 1,067,530 Will (County of) New Lenox School District No. 122; Series 2000 A Unlimited Tax GO 6.50%, 11/01/10(b)(e)(f) NRR Aaa 80 88,780 6.50%, 11/01/10(b)(e)(f) NRR Aaa 510 565,973 Unlimited Tax GO (INS-Financial Security Assurance Inc.) 6.50%, 11/01/14(b)(c) -- Aaa 575 637,204 ------------ 36,027,796 ------------ INDIANA-6.20% East Allen (County of) Multi-School Building Corp.; Series 2000, First Mortgage RB 5.75%, 01/15/10 (b)(e)(f) AAA Aaa 735 783,922
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-5 AIM Municipal Bond Fund
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ INDIANA-(CONTINUED) Hancock (County of) & Mount Vernon (City of) Multi-School Building Corp.; Series 2001 A, First Mortgage RB (CEP-State Aid Withholding) 5.45%, 07/15/11 (b)(e)(f) NRR NRR $1,000 $ 1,082,430 Indiana (State of) Bond Bank; Series 2000 A, Special Program RB 5.90%, 02/01/10 (b)(e)(f) AAA Aaa 1,000 1,080,920 Indiana (State of) Transportation Finance Authority; Series 2000, Highway RB 5.38%, 12/01/10(b)(e)(f) NRR NRR 435 464,367 Highway RB 5.38%, 12/01/25(b) AA Aa2 1,565 1,669,432 Indianapolis (City of) Local Public Improvement Bond Bank (Waterworks Project); Series 2002 A, RB 5.25%, 07/01/12 (b)(e)(f) AAA Aaa 1,000 1,085,910 Lafayette (City of); Series 2002, Sewer RB 5.15%, 07/01/12 (b)(e)(f) AAA Aaa 1,000 1,089,010 Noblesville (City of) Redevelopment Authority (Lease Rental 146th Street Extension Project); Series 2006 A, Economic Development RB 5.25%, 08/01/21(b) A+ -- 1,000 1,079,040 5.25%, 08/01/25(b) A+ -- 1,570 1,681,156 Northern Wells (City of) Community School Building Corp.; Series 2002, First Mortgage RB (INS-Financial Guaranty Insurance Co.) 5.40%, 07/15/23 (b)(c) AAA Aaa 500 537,180 Petersburg (City of) (Indiana Power & Light Co.); Series 1991, Refunding PCR 5.75%, 08/01/21 (b) BBB- Baa1 4,000 4,293,720 Petersburg (City of) (Indiana Power & Lighting Co.); Series 1993 B, Refunding PCR (INS-MBIA Insurance Corp.) 5.40%, 08/01/17 (b)(c) AAA Aaa 9,850 11,219,741
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ INDIANA-(CONTINUED) Rockport (City of) (AEP Generating Co.); Series 1995 A, Refunding PCR (INS-Ambac Assurance Corp.) 4.15%, 07/01/11 (b)(c)(e) AAA Aaa $2,000 $ 2,042,740 Rockville (City of) School Building Corp.; Series 2006, First Mortgage RB (INS-Financial Security Assurance Inc.) 5.00%, 07/15/26 (b)(c) AAA Aaa 3,430 3,658,987 St. Joseph (County of) Hospital Authority (Memorial Health System); Series 2000, Health System RB 5.63%, 02/15/11 (b)(e)(f) AAA Aaa 1,000 1,080,480 Wa-Nee Middle School Building Corp.; Series 2001, First Mortgage Unlimited Tax GO 5.50%, 07/15/11 (b)(e)(f) AAA Aaa 1,000 1,084,570 ------------ 33,933,605 ------------ KANSAS-0.33% Overland Park Development Corp. (Overland Park Convention Center Hotel Project); Series 2001 A, First Tier RB 7.38%, 01/01/32 (b)(g) -- -- 1,635 1,792,254 LOUISIANA-4.16% East Baton Rouge (Parish of) Sewer Commision; Series 2006 A, Refunding RB (INS-Financial Security Assurance Inc.) 5.00%, 02/01/25(b)(c) AAA Aaa 1,000 1,067,020 5.00%, 02/01/26(b)(c) AAA Aaa 1,000 1,065,440 Jefferson (Parish of) Sales Tax District; Series 2005, Special Sales Tax RB (INS-Ambac Assurance Corp.) 5.00%, 12/01/21 (b)(c) AAA Aaa 1,240 1,332,603 Lafayette (City of); Series 2000 A, Public Improvement Sales Tax RB 5.50%, 03/01/10 (b)(e)(f) AAA Aaa 2,360 2,536,151
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-6 AIM Municipal Bond Fund
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ LOUISIANA-(CONTINUED) Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Parking Facilities Corp. Garage Project); Series 2001 A, RB (INS-Ambac Assurance Corp.) 5.20%, 10/01/20 (b)(c) AAA Aaa $1,760 $ 1,865,336 Louisiana (State of) Local Government Environmental Facilities & Community Development Authority; Series 2000 A, Capital Projects & Equipment Acquisitions RB (INS-Ambac Assurance Corp.) 6.30%, 07/01/30(b)(c) AAA Aaa 2,000 2,392,660 Capital Projects & Equipment Acquisitions RB (INS-ACA Financial Guaranty Corp.) 6.55%, 09/01/25(b)(c) A -- 5,290 6,064,297 Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation Project); Series 2002 B, RB 5.50%, 05/15/32 (b) -- A3 1,000 1,058,820 Louisiana (State of) Public Facilities Authority (Tulane University); Series 2002 A, RB (INS-Ambac Assurance Corp.) 5.13%, 07/01/27 (b)(c) AAA Aaa 2,100 2,210,901 Ouachita (Parish of) Hospital Service District No. 1 (Glenwood Regional Medical Center); Series 1996, Refunding Hospital RB (INS-Financial Security Assurance Inc.) 5.70%, 05/15/16 (b)(c) AAA Aaa 1,000 1,059,880 St. John Baptist (Parish of) Sales Tax District; Series 1987, RB 7.60%, 01/01/08(b)(f) NRR NRR 500 522,585 7.60%, 01/01/09(b)(f) NRR NRR 500 541,020 Tangipahoa (Parish of) Hospital Service District No. 1 (North Oaks Medical Center Project); Series 2003 A, Refunding Hospital RB 5.00%, 02/01/25 (b) A -- 1,000 1,036,120 ------------ 22,752,833 ------------
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ MAINE-0.49% Maine (State of) Housing Authority; Series 1997 D-1, Mortgage RB 4.90%, 11/15/07(b) AA+ Aa1 $1,300 $ 1,313,585 Series 1999 E-1, Mortgage RB 5.85%, 11/15/20(b) AA+ Aa1 1,305 1,346,943 ------------ 2,660,528 ------------ MARYLAND-0.19% Maryland (State of) Health & Higher Educational Facilities Authority (University of Maryland Medical System); Series 2001, RB 5.25%, 07/01/28 (b) A A3 1,000 1,043,540 MASSACHUSETTS-2.97% Boston (City of) Water & Sewer Commission; Series 1993 A, Sr. RB (INS-MBIA Insurance Corp.) 5.25%, 11/01/19 (b)(c) AAA Aaa 5,385 6,108,798 Massachusetts (State of) Bay Transportation Authority; Series 2002 A, Sr. Sales Tax RB 5.00%, 07/01/12 (b)(e)(f) AAA NRR 1,500 1,609,800 Massachusetts (State of) Development Finance Agency (Boston University); Series 1999 P, RB 6.00%, 05/15/59 (b) BBB+ A3 5,500 6,662,865 Massachusetts (State of) Development Finance Agency (College Issue); Series 2003 B, RB (CEP-XL Capital Ltd.) 5.25%, 07/01/33 (b) AAA Aaa 1,000 1,070,600 Massachusetts (State of); Series 2000 A, Consumer Lien Limited Tax GO 5.75%, 02/01/09 (b) AA Aa2 785 822,067 ------------ 16,274,130 ------------ MICHIGAN-5.58% Allegan (City of) Public School District, Series 2000, Unlimited Tax GO 5.75%, 05/01/10 (b)(e)(f) AAA Aaa 500 536,190 Almont (City of) Community Schools; Series 2002, Refunding School Building & Site Unlimited Tax GO 5.00%,11/01/12 (b)(e)(f) NRR NRR 1,000 1,077,110
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-7 AIM Municipal Bond Fund
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ MICHIGAN-(CONTINUED) Bullock Creek School District; Series 2000, Unlimited Tax GO 5.50%, 05/01/10 (b)(e)(f) NRR NRR $1,000 $ 1,062,540 Caledonia (City of) Community Schools; Series 2005, Refunding Unlimited Tax GO (INS-MBIA Insurance Corp.) 5.00%, 05/01/25(b)(c) AAA Aaa 1,000 1,068,450 Series 2000, Unlimited Tax GO 5.50%, 05/01/10(b)(e)(f) AAA Aaa 1,000 1,062,540 Chippewa Valley Schools; Series 2005, Refunding Unlimited Tax GO (INS-MBIA Insurance Corp.) 5.00%, 05/01/24(b)(c) AAA Aaa 1,850 1,969,788 Series 2002, Refunding Unlimited Tax GO 5.13%, 05/01/27(b) AA Aa2 1,000 1,056,510 Detroit (City of) Water Supply System; Series 2001 A, Sr. Lien RB (INS-Financial Guaranty Insurance Co.) 5.00%, 07/01/30(b)(c) AAA Aaa 5,000 5,193,200 Sr. Lien RB 5.25%, 07/01/11(b)(e)(f) AAA Aaa 1,655 1,772,604 Sr. Lien RB 5.25%, 07/01/11(b)(e)(f) AAA Aaa 1,845 1,980,202 Jackson (City of) Brownfield Redevelopment Authority; Series 2002, Tax Increment TAN (INS-Financial Guaranty Insurance Co.) 5.13%, 06/01/24 (b)(c) AAA Aaa 1,000 1,060,330 Lake Orion (City of) Community School District; Series 2000 A, Unlimited Tax GO 6.00%, 05/01/10 (b)(e)(f) AAA Aaa 500 538,560 Michigan (State of) Hospital Finance Authority (Ascension Health Credit); Series 1999 A, RB (INS-MBIA Insurance Corp.) 5.50%, 11/15/07 (b)(c) AAA Aaa 3,000 3,057,570 Michigan (State of) Municipal Bond Authority (Drinking Water Revolving Fund); Series 2000, RB 5.50%, 10/01/10 (b)(e)(f) AAA Aaa 1,000 1,080,070
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ MICHIGAN-(CONTINUED) Michigan (State of) Public Power Agency (Combustion Turbine No. 1 Project); Series 2001 A, RB (INS-Ambac Assurance Corp.) 5.25%, 01/01/24 (b)(c) AAA Aaa $2,500 $ 2,665,900 Newaygo (City of) Public Schools; Series 2000, Unlimited Tax GO 5.50%, 05/01/10 (b)(e)(f) NRR NRR 1,000 1,062,540 Ypsilanti (City of) School District; Series 1996, Refunding Unlimited Tax GO 5.75%, 05/01/07(b)(e)(f) AAA Aaa 2,100 2,123,478 5.75%, 05/01/07(b)(e)(f) AAA Aaa 2,175 2,199,316 ------------ 30,566,898 ------------ MINNESOTA-0.20% Minneapolis (City of); Series 2000 A, Parking Ramp Unlimited Tax GO 5.90%, 12/01/20 (b) AAA Aa1 1,000 1,084,110 MISSISSIPPI-1.12% Mississippi (State of) Higher Education Assistance Corp.; Sub-Series 1994 C, RB (CEP-Gtd. Student Loans) 7.50%, 09/01/09 (b)(d) -- A2 5,000 5,061,600 Mississippi (State of) Hospital Equipment & Facilities Authority (Forrest County General Hospital Project); Series 2000, RB (INS-Financial Security Assurance Inc.) 5.50%, 01/01/27 (b)(c) -- Aaa 1,000 1,061,840 ------------ 6,123,440 ------------ MISSOURI-2.14% Gladstone (City of); Series 2006 A, COP (INS-XL Capital Assurance Inc.) 5.00%, 06/01/22 (b)(c) -- Aaa 1,295 1,392,889 Jasper (County of) Reorganized School District No. R-9 (Missouri Direct Deposit Program); Series 2006, Unlimited Tax GO (INS-Financial Security Assurance Inc.) 5.00%, 03/01/22 (b)(c) AAA -- 1,000 1,082,020
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-8 AIM Municipal Bond Fund
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ MISSOURI-(CONTINUED) Miller (County of) Reorganized School District No. 2; Series 2006, Unlimited Tax GO (INS-Financial Security Assurance Inc.) 5.00%, 03/01/21 (b)(c) AAA -- $1,000 $ 1,080,400 Missouri (State of) Environmental Improvement & Energy Resources Authority (State Revolving Fund); Series 1995 C, Water PCR 5.85%, 01/01/10 (b) -- Aaa 270 270,921 Missouri (State of) Health & Educational Facilities Authority (Washington University Project); Series 2001 A, Educational Facilities RB 5.13%, 06/15/41 (b) AAA Aa1 4,000 4,177,520 Missouri (State of) Housing Development Commission; Series 2001 II, Multi-Family Housing RB (CEP-FHA) 5.38%, 12/01/18 (b) AA -- 465 485,822 Missouri (State of) Joint Municipal Electric Utility Commission (Iatan 2 Project); Series 2006 A, Power Project RB (INS-Ambac Assurance Corp.) 5.00%, 01/01/34 (b)(c) -- Aaa 1,000 1,062,610 Neosho (City of) Reorganized School District No. R 05 (Direct Deposit Program); Series 2006, School Building Unlimited Tax GO (INS-Financial Security Assurance Inc.) 5.00%, 03/01/23 (b)(c) AAA -- 1,000 1,079,590 North Kansas City (City of) School District No. 74 (Direct Deposit Program); Series 2006, Refunding & Improvement Unlimited Tax GO 5.00%, 03/01/25 (b) AA+ Aa1 1,000 1,074,230 ------------ 11,706,002 ------------ NEBRASKA-0.19% Omaha (City of) Public Power District; Series 2002 A, Electric RB 5.20%, 02/01/10 (b)(e)(f) NRR NRR 1,000 1,050,720
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ NEVADA-3.18% Boulder City (City of) (Boulder City Hospital Inc. Project); Series 1998, Refunding Hospital RB 5.85%, 01/01/22 (b)(g) -- -- $ 500 $ 505,180 Clark (County of) Bond Bank; Series 2001, Limited Tax GO (INS-Financial Guaranty Insurance Co.) 5.00%, 06/01/31 (b)(c) AAA Aaa 5,000 5,175,350 Clark (County of); Series 2001 B, Airport Sub.-Lien RB 5.13%, 07/01/11(b)(e)(f) AAA Aaa 2,250 2,402,887 Series 2004 A-2, Airport Sub.-Lien RB (INS-Financial Guaranty Insurance Co.) 5.13%, 07/01/25(b)(c) AAA Aaa 1,000 1,069,470 5.13%, 07/01/27(b)(c) AAA Aaa 1,000 1,066,750 Series 2001 B, Airport Sub.-Lien RB 5.25%, 07/01/11(b)(e)(f) AAA Aaa 1,500 1,609,920 Humboldt (County of) (Sierra Pacific Project); Series 1987, Refunding PCR (INS-Ambac Assurance Corp.) 6.55%, 10/01/13 (b)(c) AAA Aaa 3,000 3,096,150 Reno (City of) Redevelopment Agency; Series 1995 A, Refunding Sub. TAN 6.00%, 06/01/10 (b) -- Ba2 1,185 1,186,529 Truckee Meadows Water Authority; Series 2001 A, Water RB (INS-Financial Security Assurance Inc.) 5.13%, 07/01/30 (b)(c) AAA Aaa 1,250 1,309,738 ------------ 17,421,974 ------------ NEW JERSEY-1.68% New Jersey (State of) Economic Development Authority (Continental Airlines, Inc. Project); Series 1999, Special Facility RB 6.40%, 09/15/23(b)(d) B Caa1 1,000 1,039,650 Series 2000, Special Facility RB 7.00%, 11/15/30(b)(d) B Caa1 4,000 4,266,080 New Jersey (State of) Health Care Facilities Financing Authority (St. Peters University Hospital); Series 2000 A, RB 6.88%, 07/01/20 (b) BBB Baa1 500 554,580
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-9 AIM Municipal Bond Fund
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ NEW JERSEY-(CONTINUED) New Jersey (State of) Tobacco Settlement Financing Corp.; Series 2002, Asset-Backed RB 5.38%, 06/01/18 (b) BBB Baa3 $1,500 $ 1,555,815 New Jersey (State of) Transportation Trust Fund Authority; Series 1999 A, Transportation System RB 5.50%, 06/15/10(b)(f) AAA Aaa 1,440 1,532,952 5.50%, 06/15/10(b) AA- A1 230 244,205 ------------ 9,193,282 ------------ NEW MEXICO-0.62% New Mexico (State of) Finance Authority (Sr. Lien Public Project); Series 2006 B, Revolving Fund RB (INS-MBIA Insurance Corp.) 5.00%, 06/01/26 (b)(c) AAA Aaa 2,000 2,136,420 Santa Fe (City of); Series 2006 B, Refunding Gross Receipts Tax RB (INS-Financial Security Assurance Inc.) 5.00%, 06/01/22 (b)(c) AAA Aaa 1,185 1,274,574 ------------ 3,410,994 ------------ NEW YORK-5.11% Metropolitan Transportation Authority (Dedicated Tax Fund); Series 2000 A, RB 5.88%, 04/01/10 (b)(e)(f) AAA Aaa 1,500 1,612,065 Metropolitan Transportation Authority (Service Contract); Series 2002 A, Refunding RB 5.13%, 01/01/29 (b) AA- A1 1,000 1,054,880 New York & New Jersey (States of) Port Authority (Consolidated Ninety-Third); Series 1994, RB 6.13%, 06/01/94 (b) AA- A1 5,250 6,423,165 New York (City of) Municipal Water Finance Authority; Series 1996 A, Water & Sewer System RB (INS-Financial Guaranty Insurance Co.) 5.50%, 06/15/24(b)(c) AAA Aaa 295 298,634 Series 1997 B Water & Sewer System RB 5.75%, 06/15/07(b)(e)(f) NRR NRR 3,850 3,941,091 Series 2000 B Water & Sewer System RB 6.00%, 06/15/10(b)(e)(f) NRR NRR 935 1,022,638
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ NEW YORK-(CONTINUED) Water & Sewer System RB 6.00%, 06/15/33(b) AA+ Aa2 $ 565 $ 614,132 New York (City of) Triborough Bridge & Tunnel Authority; Series 1993 B General Purpose RB 5.00%, 01/01/20(b)(f) AAA NRR 1,935 2,135,892 Series 2006 A General Purpose RB 5.00%, 11/15/35(b) AA- Aa2 1,000 1,063,250 Series 1992 Y General Purpose RB 5.50%, 01/01/17(b)(f) AAA NRR 2,900 3,253,655 New York (City of); Series 2005 K, Unlimited Tax GO 5.00%, 08/01/22 (b) AA- A1 3,000 3,194,280 New York (City of)Tobacco Settlement Asset-Backed Bonds Inc.; Series 2006 1, RB 5.00%, 06/01/26 (b) BBB -- 2,500 2,555,275 New York (State of) Environmental Facilities Corp. (State Water Revolving Project); Series 1991 E, PCR 6.88%, 06/15/10 (b) AAA Aaa 785 785,801 ------------ 27,954,758 ------------ NORTH CAROLINA-1.01% Burke (County of); Series 2006 A, COP (INS-Ambac Assurance Corp.) 5.00%, 04/01/25 (b)(c) AAA Aaa 470 503,116 North Carolina (State of) Eastern Municipal Power Agency; Series 1993 A, Power System RB 6.13%, 01/01/10 (b)(f) AAA Aaa 1,500 1,615,380 North Carolina (State of) Housing Finance Agency; Series 1996 II, Single Family RB (CEP-FHA) 6.20%, 03/01/16 (b) AA Aa2 210 220,960 North Carolina (State of) Municipal Power Agency (No. 1 Catawba Electric Project); Series 1990, Refunding RB 6.50%, 01/01/10(b)(f) AAA NRR 260 282,891 Series 1992 Refunding RB 7.25%, 01/01/07(b) BBB+ A3 2,890 2,905,866 ------------ 5,528,213 ------------
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-10 AIM Municipal Bond Fund
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ OHIO-2.44% Cincinnati (City of) School District, Series 2006, Refunding Classroom Construction & Improvement Unlimited Tax GO (INS-Financial Guaranty Insurance Co.) 5.25%, 12/01/27 (b)(c) AAA Aaa $1,500 $ 1,767,645 Cleveland (City of) Waterworks; Series 1993 G, Refunding First Mortgage RB (INS-MBIA Insurance Corp.) 5.50%, 01/01/21 (b)(c) AAA Aaa 3,300 3,791,139 Cuyahoga (County of); Series 2003 A, Refunding RB 5.50%, 01/01/29 (b) A+ Aa3 2,000 2,155,620 Greater Cleveland Regional Transportation Authority; Series 2004, Refunding Capital Improvement Limited Tax GO (INS-MBIA Insurance Corp.) 5.00%, 12/01/23 (b)(c) -- Aaa 1,220 1,301,728 Montgomery (County of) (Grandview Hospital & Medical Center); Series 1997, Refunding Hospital RB 5.50%, 12/01/09 (b)(e)(f) NRR NRR 1,000 1,055,750 Plain (City of) Local School District; Series 2000, Unlimited Tax GO 6.00%, 12/01/11(b)(e)(f) NRR Aaa 410 452,447 Unlimited Tax GO (INS-Financial Guaranty Insurance Co.) 6.00%, 12/01/25(b)(c) -- Aaa 90 98,442 Stark (County of) Lake Ohio Local School District; Series 2000, Unlimited Tax GO 5.75%, 12/01/10 (b)(e)(f) AAA Aaa 2,500 2,709,000 ------------ 13,331,771 ------------ OKLAHOMA-2.94% Jenks (City of) Aquarium Authority; Series 2000, First Mortgage RB 6.00%, 07/01/10 (b)(e)(f) NRR Aaa 800 874,304 Mustang (City of) Improvement Authority; Series 1999, Utility RB 5.70%, 10/01/09 (b)(e)(f) NRR Aaa 1,500 1,616,775 Oklahoma (State of) Development Finance Authority (St. John Health System); Series 1999,
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ OKLAHOMA-(CONTINUED) Refunding RB 5.75%, 02/15/18(b) AA Aa3 $ 675 $ 717,930 5.75%, 02/15/25(b) AA Aa3 1,750 1,852,935 Oklahoma (State of) Water Resource Board; Series 2006 B Refunding State Loan Program RB 5.00%, 10/01/19(b) AAA -- 1,430 1,561,917 5.00%, 10/01/20(b) AAA -- 1,235 1,344,693 5.00%, 10/01/21(b) AAA -- 1,285 1,395,831 5.00%, 10/01/22(b) AAA -- 1,745 1,891,022 5.00%, 10/01/23(b) AAA -- 1,000 1,081,130 5.00%, 10/01/24(b) AAA -- 1,000 1,079,430 Oklahoma City (City of) Airport Trust; Series 2000 A, Jr. 27th Lien RB (INS-Financial Security Assurance Inc.) 5.13%, 07/01/20 (b)(c) AAA Aaa 2,575 2,692,240 ------------ 16,108,207 ------------ OREGON-1.05% Clackamas (County of) School District No. 7J (Lake Oswego); Series 2005, Refunding Unlimited Tax GO (INS-Financial Security Assurance Inc.) 5.25%, 06/01/23 (b)(c) -- Aaa 1,920 2,216,352 Klamath Falls (City of) Intercommunity Hospital Authority (Merle West Medical Center Project); Series 2006, Refunding RB 4.38%, 09/01/27(b) AAA -- 2,000 2,015,000 4.50%, 09/01/33(b) AAA -- 1,500 1,509,405 ------------ 5,740,757 ------------ PENNSYLVANIA-1.52% Allegheny (County of) Higher Education Building Authority (Carnegie Mellon University); Series 2002, University RB 5.25%, 03/01/32 (b) AA- -- 1,500 1,586,130 Allegheny (County of) Port Authority; Series 1999, Special Transportation RB 6.13%, 03/01/09 (b)(e)(f) AAA Aaa 1,000 1,066,890
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-11 AIM Municipal Bond Fund
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ PENNSYLVANIA-(CONTINUED) Clarion (County of) Industrial Development Authority (Beverly Enterprises, Inc. Project); Series 2001, Refunding Health Facilities IDR (Acquired 02/22/01; Cost $755,000) 7.38%, 12/01/08 (b)(g)(i) -- -- $ 755 $ 772,222 East Allegheny (County of) School District; Series 2006, Refunding Unlimited Tax GO (INS-XL Capital Assurance Inc.) 4.38%, 04/01/25 (b)(c) AAA Aaa 1,000 1,005,310 Norristown (City of) Area School District; Series 2006, Refunding Unlimited Tax GO (INS-Financial Guaranty Insurance Corp.) 4.25%, 09/01/24 (b)(c) -- Aaa 2,830 2,801,926 Pennsylvania (State of) Turnpike Commission; Series 2006 A, Turnpike RB (INS-Ambac Assurance Corp.) 5.00%, 12/01/26 (b)(c) AAA Aaa 1,000 1,076,410 ------------ 8,308,888 ------------ PUERTO RICO-0.49% Children's Trust Fund; Series 2000, Tobacco Settlement RB 6.00%, 07/01/10 (b)(e)(f) AAA NRR 1,000 1,084,080 Government Development Bank for Puerto Rico; Series 2006 C, Sr. Notes RB 5.25%, 01/01/15 (b)(d) BBB Baa3 1,500 1,607,790 ------------ 2,691,870 ------------ RHODE ISLAND-0.24% Providence (City of) Public Building Authority; Series 2000 A, RB (INS-Financial Security Assurance Inc.) 5.75%, 12/15/16 (b)(c) AAA Aaa 1,210 1,318,138 SOUTH CAROLINA-2.40% Kershaw (County of) Public Schools Foundation (Kershaw County School District Project); Series 2006, Installment Purchase RB (INS-CIFG Assurance North America, Inc.) 5.00%, 12/01/28 (b)(c) AAA Aaa 3,500 3,716,195
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ SOUTH CAROLINA-(CONTINUED) Myrtle Beach (City of); Series 2004 A, Hospitality Fee RB (INS-Financial Guaranty Insurance Co.) 5.38%, 06/01/24 (b)(c) AAA Aaa $1,150 $ 1,265,080 South Carolina (State of) Jobs Economic Development Authority (Palmetto Health Alliance); Series 2000 A, Hospital Facilities Improvement RB 7.13%, 12/15/10 (b)(e)(f) NRR NRR 1,000 1,147,640 South Carolina (State of) Jobs Economic Development Authority (Bon Secours-St. Francis Medical Center Inc.); Series 2002 A, Economic Development RB 5.50%, 11/15/23 (b) A- A3 2,000 2,135,080 South Carolina (State of) Jobs Economic Development Authority (Palmetto Health Alliance); Series 2003 A, Refunding Hospital Facilities RB 6.13%, 08/01/23(b) BBB+ Baa1 1,500 1,634,850 6.25%, 08/01/31(b) BBB+ Baa1 1,000 1,098,920 South Carolina (State of) Transportation Infrastructure Bank; Series 2001 A, RB 5.00%, 10/01/11 (b)(e)(f) NRR Aaa 1,000 1,065,720 Tobacco Settlement Revenue Management Authority; Series 2001 B, Tobacco Settlement RB 6.38%, 05/15/28 (b) BBB Baa3 1,000 1,079,580 ------------ 13,143,065 ------------ SOUTH DAKOTA-0.77% Aberdeen (City of) School District No. 6-1; Series 2000, Unlimited Tax GO 5.45%, 01/01/11 (b)(e)(f) AAA Aaa 3,940 4,230,181 TENNESSEE-1.41% Knox (County of) First Utility District; Series 2006, Water & Sewer RB (INS-MBIA Insurance Corp.) 5.00%, 12/01/20(b)(c) -- Aaa 1,470 1,599,801 5.00%, 12/01/23(b)(c) -- Aaa 1,705 1,842,287
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-12 AIM Municipal Bond Fund
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ TENNESSEE-(CONTINUED) Robertson & Sumner (Counties of) White House Utility District; Series 2000, Water & Sewer RB 6.00%, 01/01/10 (b)(e)(f) NRR Aaa $1,000 $ 1,073,210 Shelby (County of) Health Educational & Housing Facilities Board (Kirby Pines Retirement Community); Series 1997 A, Health Care Facilities RB 6.25%, 11/15/16 (b)(g) -- -- 1,000 1,029,000 Tennessee (State of) Energy Acquisition Corp.; Series 2006 A, Gas RB 5.00%, 09/01/16 (b) AA- Aa3 2,000 2,169,560 ------------ 7,713,858 ------------ TEXAS-19.61% Allen (City of) Independent School District; Series 2000 A, Unlimited Tax GO (CEP-Texas Permanent School Fund) 5.95%, 02/15/10(b)(e)(f) AAA Aaa 960 1,030,445 Series 2000 Unlimited Tax GO (CEP-Texas Permanent School Fund) 5.95%, 02/15/25(b) AAA Aaa 640 684,710 Austin (City of); Series 1999, Refunding Hotel Occupancy Tax Sub.-Lien RB 5.80%, 11/15/09 (b)(e)(f) AAA Aaa 1,000 1,064,150 Bexar (County of) Housing Finance Corp. (Dymaxion & Marbach Park Apartments); Series 2000 A, Multi-Family Housing RB (INS-MBIA Insurance Corp.) 6.10%, 08/01/30 (b)(c) -- Aaa 1,000 1,061,440 Brazos (County of) Health Facilities Development Corp. (Franciscan Services Corp. Obligated Group); Series 1997 A, RB (INS-MBIA Insurance Corp.) 5.38%, 01/01/22 (b)(c) AAA Aaa 1,250 1,287,050 Carroll (City of) Independent School District; Series 2001, Unlimited Tax GO (CEP-Texas Permanent School Fund) 5.25%, 02/15/11(b)(e)(f) AAA Aaa 955 1,018,546
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ TEXAS-(CONTINUED) Unlimited Tax GO (CEP-Texas Permanent School Fund) 5.25%, 02/15/33(b) AAA Aaa $ 395 $ 415,188 Cisco (City of) Junior College District; Series 2002, Refunding Consolidated RB (INS-Ambac Assurance Corp.) 5.25%, 07/01/26 (b)(c) -- Aaa 1,000 1,063,230 Cleveland (City of) Independent School District; Series 2001, Unlimited Tax GO (CEP-Texas Permanent School Fund) 5.13%, 02/01/31 (b)(f) AAA Aaa 2,000 2,077,420 Comal (County of) Independent School District; Series 2001, Refunding School Building Unlimited Tax GO (CEP-Texas Permanent School Fund) 5.25%, 02/01/28(b) -- Aaa 2,000 2,105,360 Series 1999, Refunding Unlimited Tax GO (CEP-Texas Permanent School Fund) 5.75%, 08/01/09(b)(e)(f) NRR Aaa 1,000 1,055,640 Denton (City of) Utility System; Series 2000 A, RB 5.40%, 12/01/10 (b)(e)(f) AAA Aaa 1,000 1,069,240 Duncanville (City of) Independent School District; Series 2006, Refunding Unlimited Tax GO (CEP-Texas Permanent School Fund) 4.63%, 02/15/29 (b) AAA Aaa 1,000 1,013,130 Galena Park (City of) Independent School District; Series 1996, Refunding Capital Appreciation Unlimited Tax GO (CEP-Texas Permanent School Fund) 9.29%, 08/15/23 (b)(h) -- Aaa 2,000 969,720 Grapevine (City of); Series 2000, Limited Tax GO Ctfs. 5.88%, 08/15/10 (b)(e)(f) AAA Aaa 1,610 1,740,732 Harris (County of) Health Facilities Development Corp. (Memorial Hermann Health Care); Series 2001 A, Hospital RB 6.38%, 06/01/11 (b)(e)(f) NRR NRR 750 843,120
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-13 AIM Municipal Bond Fund
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ TEXAS-(CONTINUED) Harris (County of) Health Facilities Development Corp. (St. Luke's Episcopal Hospital); Series 2002, RB 5.13%, 08/15/12(b)(e)(f) AAA NRR $1,000 $ 1,076,760 Series 2001 A, RB 5.38%, 08/15/11(b)(e)(f) AAA NRR 1,000 1,076,850 Harris (County of) Health Facilities Development Corp. (Texas Children's Hospital Project); Series 1999 A, Hospital RB 5.25%, 10/01/29 (b) AA Aa2 2,000 2,078,520 Harris (County of)-Houston (City of) Sports Authority; Series 2001 B, Refunding Jr. Lien RB (INS-MBIA Insurance Corp.) 5.25%, 11/15/40 (b)(c) AAA Aaa 5,000 5,291,650 Harris (County of); Series 2002, Refunding Limited Tax GO 5.13%, 08/15/12 (b)(e)(f) NRR NRR 2,000 2,153,520 Houston (City of) Airport System; Series 2000 B, Sub.-Lien RB (INS-Financial Security Assurance Inc.) 5.50%, 07/01/30 (b)(c) AAA Aaa 1,000 1,059,640 Houston (City of) Water & Sewer System; Series 1997 C, Jr. Lien RB 5.38%, 12/01/07 (b)(e)(f) AAA Aaa 2,495 2,567,205 Katy (City of) Independent School District; Series 1999, Limited Tax GO (CEP-Texas Permanent School Fund) 6.13%, 02/15/09 (b)(e)(f) AAA Aaa 1,500 1,583,895 Keller (City of) Independent School District; Series 2001 Refunding Unlimited Tax GO (CEP-Texas Permanent School Fund) 5.25%, 08/15/11(b)(e)(f) AAA Aaa 1,775 1,905,764 5.25%, 08/15/26(b) AAA Aaa 225 238,628 Laredo (City of) Community College District; Series 2002, Limited Tax GO 5.25%, 08/01/12(b)(e)(f) AAA Aaa 1,000 1,085,420 5.25%, 08/01/12(b)(e)(f) AAA Aaa 1,000 1,085,420 Little Elm (City of) Independent School District; Series 1999,
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ TEXAS-(CONTINUED) Unlimited Tax GO (CEP-Texas Permanent School Fund) 6.00%, 08/15/09(b)(e)(f) AAA NRR $3,890 $ 4,140,205 Unlimited Tax GO (CEP-Texas Permanent School Fund) 6.00%, 08/15/35(b) AAA -- 110 116,656 Series 2000 Unlimited Tax GO (CEP-Texas Permanent School Fund) 6.13%, 08/15/10(b)(e)(f) AAA NRR 980 1,068,180 Unlimited Tax GO (CEP-Texas Permanent School Fund) 6.13%, 08/15/35(b) AAA -- 20 21,689 Lubbock (City of) Health Facilities Development Corp. (St. Joseph Health System); Series 1998, RB 5.25%, 07/01/13 (b) AA- Aa3 1,000 1,036,410 Manor (City of) Independent School District; Series 2004, Refunding Unlimited Tax GO (CEP-Texas Permanent School Fund) 5.00%, 08/01/27 (b) AAA Aaa 1,000 1,054,390 Montgomery (County of); Series 2000, Permanent Improvement Limited Tax GO 5.25%, 09/01/10 (b)(e)(f) AAA Aaa 1,000 1,059,930 Nacogdoches (City of) Independent School District; Series 2001, Refunding Unlimited Tax GO (CEP-Texas Permanent School Fund) 5.30%, 02/15/25 (b)(f) AAA Aaa 2,765 2,923,988 Northside Independent School District; Series 1999 A, Unlimited Tax GO (CEP-Texas Permanent School Fund) 5.50%, 08/15/09 (b)(e)(f) AAA Aaa 1,000 1,051,190 Nueces River Authority (Corpus Christi Lake Project); Series 1997, Water Supply Facilities RB 5.50%, 07/15/07 (b)(e)(f) AAA Aaa 1,900 1,963,308 Pasadena (City of); Series 2002, Limited Tax GO Ctfs. 5.25%, 04/01/11 (b)(e)(f) AAA Aaa 2,000 2,136,780
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-14 AIM Municipal Bond Fund
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ TEXAS-(CONTINUED) Pflugerville (City of) Independent School District; Series 2000, Unlimited Tax GO (CEP-Texas Permanent School Fund) 5.50%, 08/15/10 (b)(e)(f) AAA Aaa $1,615 $ 1,724,885 Plano (City of); Series 2000, Limited Tax GO 5.88%, 09/01/10 (b)(e)(f) AAA Aaa 850 919,785 Richardson (City of); Series 2001 Limited Tax GO Ctfs. 5.00%, 02/15/19(b) AA+ Aa1 1,720 1,798,019 Series 2000 A Hotel Occupancy Limited Tax GO Ctfs. 5.75%, 02/15/10(b)(e)(f) AAA Aaa 2,000 2,134,480 Rockwall (City of) Independent School District (School Building); Series 2003, Unlimited Tax GO (CEP-Texas Permanent School Fund) 5.25%, 02/15/29 (b) AAA Aaa 1,000 1,071,650 San Angelo (City of) Waterworks & Sewer System; Series 2001, Refunding & Improvement RB (INS-Financial Security Assurance Inc.) 5.25%, 04/01/19 (b)(c) AAA Aaa 1,000 1,061,260 San Antonio (City of) Independent School District; Series 1999, Unlimited Tax GO (CEP-Texas Permanent School Fund) 5.50%, 08/15/09 (b)(e)(f) AAA Aaa 3,500 3,679,165 San Antonio (City of); Series 2000 A, Limited Tax GO 5.38%, 02/01/11(b)(e)(f) NRR NRR 1,185 1,268,969 Series 1999, Refunding Water RB 5.88%, 11/15/09(b)(e)(f) NRR NRR 1,000 1,066,290 Schertz-Cibolo-Universal City Independent School District; Series 2001, Refunding & Building Unlimited Tax GO (CEP-Texas Permanent School Fund) 5.13%, 08/01/25 (b) -- Aaa 1,535 1,610,215 Southlake (City of); Series 2004, Refunding Limited Tax GO (INS-Ambac Assurance Corp.) 5.20%, 02/15/26 (b)(c) AAA Aaa 1,000 1,066,030
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ TEXAS-(CONTINUED) Spring Branch (City of) Independent School District; Series 2000, Limited Tax GO (CEP-Texas Permanent School Fund) 5.75%, 02/01/10 (b)(e)(f) AAA Aaa $5,000 $ 5,332,400 Texas (State of) (Water Financial Assistance); Series 1999, Unlimited Tax GO 5.50%, 08/01/24 (b) AA Aa1 1,500 1,568,160 Texas (State of) Department of Housing & Community Affairs (Asmara Affordable Housing Inc. Project); Series 1996 A, Multi-Family Housing RB 6.30%, 01/01/07 (b)(e)(f) AAA NRR 300 307,287 Texas (State of) North Central Health Facilities Development Corp. (Texas Health Resources System); Series 1997 B, RB (INS-MBIA Insurance Corp.) 5.75%, 02/15/12 (b)(c) AAA Aaa 2,000 2,087,420 Texas (State of) Public Property Finance Corp. (Mental Health & Mental Retardation); Series 1996, RB 6.20%, 09/01/16 (b) BBB -- 215 218,272 Texas (State of); Series 2001 A, Refunding Water Development Unlimited Tax GO 5.25%, 08/01/35 (b) AA Aa1 1,840 1,948,174 Town Center Improvement District; Series 2001, Sales & Hotel Occupancy Tax RB (INS-Financial Guaranty Insurance Co.) 5.13%, 03/01/21(b)(c) AAA Aaa 2,500 2,620,750 5.13%, 03/01/23(b)(c) AAA Aaa 1,000 1,045,050 5.25%, 03/01/27(b)(c) AAA Aaa 2,800 2,939,944 United Independent School District; Series 2000, Unlimited Tax GO (CEP-Texas Permanent School Fund) 5.13%, 08/15/26 (b)(f) AAA Aaa 1,000 1,052,240 University of Texas Financing System; Series 1999 B, RB 5.70%, 08/15/09 (b)(e)(f) AAA Aaa 1,000 1,056,440 Waxahachie (City of) Independent School District; Series 2002,
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-15 AIM Municipal Bond Fund
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ TEXAS-(CONTINUED) Refunding Unlimited Tax GO (CEP-Texas Permanent School Fund) 5.25%, 08/15/26(b) -- Aaa $3,400 $ 3,605,938 5.25%, 08/15/30(b) -- Aaa 2,890 3,057,273 5.38%, 08/15/27(b) -- Aaa 2,000 2,130,160 West University Place (City of); Series 2000, Permanent Improvement Limited Tax GO 5.30%, 02/01/10(b)(e)(f) AAA Aaa 1,000 1,052,810 5.35%, 02/01/10(b)(e)(f) AAA Aaa 2,150 2,269,519 Ysleta (City of) Independent School District Public Facilities Corp.; Series 2001, Refunding Lease RB (INS-Ambac Assurance Corp.) 5.38%, 11/15/24 (b)(c) AAA Aaa 1,300 1,352,494 ------------ 107,320,198 ------------ UTAH-0.38% Salt Lake (County of) (Westminster College Project); Series 1997, RB 5.75%, 10/01/27 (b) BBB -- 1,000 1,027,380 Utah (State of) Housing Finance Agency; Sub.-Series 2000 B-1, Single Family Mortgage RB (CEP-FHA/VA) 6.00%, 07/01/10 (b)(d) AA- Aa3 60 60,110 Washington City (City of); Series 2003, Sales Tax RB (INS-Ambac Assurance Corp.) 5.00%, 11/15/23 (b)(c) AAA Aaa 915 966,579 ------------ 2,054,069 ------------ VERMONT-0.20% Vermont (State of) Educational & Health Buildings Financing Agency (Fletcher Allen Health Care); Series 2000 A, Hospital RB (INS-Ambac Assurance Corp.) 6.00%, 12/01/23 (b)(c) AAA Aaa 1,000 1,088,160 VIRGINIA-1.69% Fauquier (County of) Industrial Development Authority; Series 2002, Hospital IDR (CEP-Radian Reinsurance Inc.) 5.25%, 10/01/31(b) AA -- 1,000 1,061,720 5.50%, 10/01/17(b) AA -- 500 552,890
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ VIRGINIA-(CONTINUED) Henrico (County of) Economic Development Authority (Virginia United Methodist Homes); Series 2002 A, Refunding Residential Care Facility RB 6.50%, 06/01/22 (b)(g) -- -- $2,000 $ 2,145,480 King George (County of) Industrial Development Authority; Series 2004, Lease RB (INS-Financial Security Assurance Inc.) 5.00%, 03/01/25 (b)(c) AAA Aaa 1,100 1,170,653 Norton (City of) Industrial Development Authority (Norton Community Hospital); Series 2001, Refunding & Improvement Hospital RB (INS-ACA Financial Guaranty Corp.) 6.00%, 12/01/22 (b)(c) A -- 1,000 1,072,530 Richmond (City of) Public Utilities; Series 2004, RB (INS-Financial Security Assurance Inc.) 5.00%, 01/15/27 (b) AAA Aaa 1,560 1,663,553 Virginia (State of) Housing Development Authority; Series 2000 D, RB 5.70%, 04/01/11 (b)(d) AA+ Aa1 1,500 1,584,555 ------------ 9,251,381 ------------ WASHINGTON-3.07% King (County of); Series 1999, Sewer RB 5.50%, 01/01/09 (b)(e)(f) AAA Aaa 1,000 1,050,080 Klickitat (County of) Public Utility District No. 1; Series 2006 B Refunding Electric RB (INS-Financial Guaranty Insurance Co.) 5.00%, 12/01/23(b) -- Aaa 3,000 3,215,850 5.00%, 12/01/24(b) -- Aaa 2,000 2,142,200 Pierce (County of) White River School District No. 416; Series 2000, Unlimited Tax GO 5.35%, 12/01/09 (b) -- Aa1 1,550 1,628,306 Renton (City of); Series 2006, Limited Tax GO (INS-MBIA Insurance Corp.) 5.00%, 12/01/28 (b)(c) AAA Aaa 2,000 2,135,380 Skagit (County of) Public Hospital District No. 001 (Skagit Valley Hospital); Series 2005, RB 5.38%, 12/01/22 (b) -- Baa2 500 526,955
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-16 AIM Municipal Bond Fund
RATINGS(A) PRINCIPAL -------------- AMOUNT S&P MOODY'S (000) VALUE ---- ------- --------- ------------ WASHINGTON-(CONTINUED) Thurston (County of) School District No. 111 (Olympia); Series 2005 A, Unlimited Tax GO (INS-MBIA Insurance Corp.) 5.00%, 12/01/22 (b)(c) AAA Aaa $3,725 $ 3,994,392 Washington (State of) Health Care Facilities Authority (Providence Health System Project); Series 2001 A, RB (INS-MBIA Insurance Corp.) 5.25%, 10/01/21 (b)(c) AAA Aaa 2,000 2,123,220 ------------ 16,816,383 ------------ WISCONSIN-1.98% Adams-Friendship (Cities of) School District; Series 1996, Refunding Unlimited Tax GO (INS-Ambac Assurance Corp.) 6.50%, 04/01/15 (b)(c) AAA Aaa 1,340 1,594,091 Kimberly (City of) Area School District; Series 2005, Refunding Unlimited Tax GO 5.00%, 03/01/24 (b)(e)(f) NRR Aaa 2,295 2,512,198 Wisconsin (State of) Health & Educational Facilities Authority (Sinai Samaritan Medical Center Inc.); Series 1996, RB (INS-MBIA Insurance Corp.) 5.75%, 08/15/16 (b)(c) AAA Aaa 1,500 1,531,875 Wisconsin (State of) Health & Educational Facilities Authority (Sisters of the Sorrowful Mother Ministry Corp.); Series 1997 A, RB (INS-MBIA Insurance Corp.) 5.90%, 08/15/24 (b)(c) AAA Aaa 2,500 2,564,200 Wisconsin (State of); Series 2000 C, Unlimited Tax GO 5.50%, 05/01/10 (b)(e)(f) NRR NRR 2,500 2,656,350 ------------ 10,858,714 ------------ TOTAL INVESTMENTS-98.82% (Cost $503,042,969) 540,916,563 ------------ OTHER ASSETS LESS LIABILITIES-1.18% 6,453,213 ------------ NET ASSETS-100.00% $547,369,776 ============
Investment Abbreviations: COP -- Certificates of Participation CEP -- Credit Enhancement Provider Ctfs. -- Certificates FHA -- Federal Housing Administration GNMA -- Government National Mortgage Association GO -- General Obligation Bonds Gtd. -- Guaranteed INS -- Insurer Jr. -- Junior LOC -- Letter of Credit NRR -- Not Re-Rated PCR -- Pollution Control Revenue Bonds RB -- Revenue Bonds Sr. -- Senior Sub. -- Subordinated TAN -- Tax Anticipation Notes VA -- Department of Veterans Affairs Wts. -- Warrants Notes to Schedule of Investments: (a) Ratings assigned by Standard & Poor's Corporation ("S&P") and Moody's Investors Service. Inc. ("Moody's"), except as indicated in note (g) below. (b) In accordance with the procedures established by the Board of Trustees, security fair valued based on an evaluated quote provided by an independent pricing service. The aggregate value of these securities at October 31, 2006 was $540,916,563, which represented 98.82% of the Fund's Net Assets. See Note 1A. (c) Principal and/or interest payments are secured by the bond insurance company listed. (d) Security subject to the alternative minimum tax. (e) Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put. (f) Advance refunded; secured by an escrow fund of U.S. Treasury obligations or other highly rated collateral. (g) Unrated security; determined by the investment advisor to be of comparable quality to the rated securities in which the Fund may invest pursuant to guidelines of quality adopted by the Board of Trustees and followed by the investment advisor. (h) Zero coupon bond issued at a discount. The interest rate shown represents the yield to maturity at time of purchase. (i) Security not registered under the Securities Act of 1933, as amended (e.g., the security was purchased in a Rule 144A transaction or a Regulation D transaction). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The Fund has no rights to demand registration of these securities. The value of this security at October 31, 2006 represented 0.14% of the Fund's Net Assets. Unless otherwise indicated, this security is not considered to be illiquid. SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-17 AIM Municipal Bond Fund NOTES TO QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS October 31, 2006 (Unaudited) NOTE 1 -- SIGNIFICANT ACCOUNTING POLICIES A. SECURITY VALUATIONS - Securities, including restricted securities, are valued according to the following policy. Securities are fair valued using an evaluated quote provided by an independent pricing service approved by the Board of Trustees. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices and may reflect appropriate factors such as institution-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, individual trading characteristics and other market data. Short-term obligations with maturities of 60 days or less and commercial paper are recorded at amortized cost which approximates value. Securities with a demand feature exercisable within one to seven days are valued at par. Securities for which market quotations either are not readily available or are unreliable are valued at fair value as determined in good faith by or under the supervision of the Trust's officers following procedures approved by the Board of Trustees. Some of the factors which may be considered in determining fair value are fundamental analytical data relating to the investment; the nature and duration of any restrictions on transferability or disposition; trading in similar securities by the same issuer or comparable companies; relevant political, economic or issuer specific news; and other relevant factors under the circumstances. B. SECURITIES TRANSACTIONS AND INVESTMENT INCOME - Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income is recorded on the accrual basis from settlement date. Dividend income is recorded on the ex-dividend date. Bond premiums and discounts are amortized and/or accreted for financial reporting purposes. Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of realized and unrealized gain (loss) from investment securities reported in the Statement of Operations and the Statement of Changes in Net Assets and the realized and unrealized net gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of the Fund's net asset value and, accordingly, they reduce the Fund's total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statement of Operations and Statement of Changes in Net Assets, or the net investment income per share and ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Fund and the advisor. The Fund allocates realized and unrealized capital gains and losses to a class based on the relative net assets of each class. The Fund allocates income to a class based on the relative value of the settled shares of each class. C. COUNTRY DETERMINATION - For the purposes of making investment selection decisions and presentation in the Schedule of Investments, AIM may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuer's securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America unless otherwise noted. D. LOWER-RATED SECURITIES - The Fund may invest 20% of its net assets in lower-quality debt securities, i.e., "junk bonds". Investments in lower-rated securities or unrated securities of comparable quality tend to be more sensitive to economic conditions than higher rated securities. Junk bonds involve a F-18 AIM Municipal Bond Fund D. LOWER-RATED SECURITIES - (CONTINUED) greater risk of default by the issuer because such securities are generally unsecured and are often subordinated to other creditors' claims. NOTE 2--INVESTMENT SECURITIES The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the three months ended October 31, 2006 was $40,347,519 and $19,688,120, respectively. For interim reporting periods, the cost of investments for tax purposes includes reversals of certain tax items, such as, wash sales that have occurred since the prior fiscal year-end. UNREALIZED APPRECIATION (DEPRECIATION) OF INVESTMENT SECURITIES ON A TAX BASIS Aggregate unrealized appreciation of investment securities $37,806,949 Aggregate unrealized (depreciation) of investment securities (138) ----------- Net unrealized appreciation of investment securities $37,806,811 ===========
Cost of investments for tax purposes is $503,109,752. F-19 AIM REAL ESTATE FUND Quarterly Schedule of Portfolio Holdings - October 31, 2006 (AIM YOUR GOALS. INVESTMENTS OUR SOLUTIONS.(R) (R) LOGO) AIMinvestments.com REA-QTR-1 10/06 A I M Advisors, Inc. AIM Real Estate Fund SCHEDULE OF INVESTMENTS October 31, 2006 (Unaudited)
SHARES VALUE ---------- -------------- REAL ESTATE INVESTMENT TRUSTS, COMMON STOCKS & OTHER EQUITY INTERESTS-90.99% APARTMENTS-15.36% Archstone-Smith Trust 1,032,517 $ 62,167,849 AvalonBay Communities, Inc. 97,100 12,725,926 Boardwalk Real Estate Investment Trust (Canada) 267,000 8,085,864 Camden Property Trust 495,300 39,980,616 Canadian Apartment Properties Real Estate Investment Trust (Canada) 256,200 4,532,050 Education Realty Trust, Inc. 350,400 5,420,688 Equity Residential 1,532,800 83,706,208 Essex Property Trust, Inc. 336,400 44,835,392 Mid-America Apartment Communities, Inc. 274,000 17,440,100 -------------- 278,894,693 -------------- DEVELOPERS-0.92% Capitaland Ltd. (Singapore)(a) 1,072,000 3,746,304 Daikyo Inc. (Japan)(a)(b) 488,000 2,792,377 Goldcrest Co., Ltd. (Japan)(a) 55,180 3,004,337 Joint Corp. (Japan) 35,400 1,392,319 Sun Hung Kai Properties Ltd. (Hong Kong) 534,000 5,839,724 -------------- 16,775,061 -------------- DIVERSIFIED-6.18% Colonial Properties Trust 267,700 13,489,403 Hysan Development Co., Ltd. (Hong Kong) 1,570,000 3,956,694 Land Securities Group PLC (United Kingdom)(a) 86,600 3,456,320 Mitsui Fudosan Co., Ltd. (Japan)(a) 186,000 4,551,288 Sumitomo Realty & Development Co., Ltd. (Japan)(a) 111,000 3,659,933 TOKYU REIT, Inc. (Japan)(a) 76 612,787 Vornado Realty Trust 691,200 82,425,600 -------------- 112,152,025 -------------- HEALTHCARE-4.98% Health Care Property Investors, Inc. 1,091,700 34,279,380 Health Care REIT, Inc. 281,300 11,612,064 Senior Housing Properties Trust 203,900 4,675,427 Ventas, Inc. 1,023,600 39,899,928 -------------- 90,466,799 -------------- INDUSTRIAL PROPERTIES-7.38% AMB Property Corp. 457,200 26,705,052 Macquire Properties, Inc. (New Zealand) 1,100,000 965,182
SHARES VALUE ---------- -------------- INDUSTRIAL PROPERTIES-(CONTINUED) ProLogis 1,679,470 $ 106,260,067 -------------- 133,930,301 -------------- OFFICE PROPERTIES-19.54% Alexandria Real Estate Equities, Inc. 206,100 20,548,170 American Financial Realty Trust 358,300 4,181,361 Boston Properties, Inc. 652,800 69,738,624 Brandywine Realty Trust 899,257 29,999,214 Capitacommercial Trust (Singapore) 639,340 887,031 Champion Real Estate Investment Trust (Hong Kong)(b) 4,773,200 2,369,047 Derwent Valley Holdings PLC (United Kingdom)(a) 196,100 7,413,448 Douglas Emmett, Inc. (b) 406,900 9,704,565 Equity Office Properties Trust 1,619,100 68,811,750 Hongkong Land Holdings Ltd. (Hong Kong)(a) 2,078,000 7,799,810 Keppel Land Ltd. (Singapore)(a) 578,000 2,036,257 Mack-Cali Realty Corp. 99,700 5,274,130 Maguire Properties, Inc. 215,900 9,231,884 Reckson Associates Realty Corp. 857,600 37,837,312 SL Green Realty Corp. 579,400 70,136,370 Tishman Speyer Office Fund (Australia)(a) 2,359,200 4,452,123 Valad Property Group (Australia)(a) 3,584,300 4,433,266 -------------- 354,854,362 -------------- LODGING-RESORTS-9.42% DiamondRock Hospitality Co. 740,600 12,493,922 Equity Inns Inc. 697,575 11,705,308 Hilton Hotels Corp. 1,031,700 29,836,764 Host Hotels & Resorts Inc. 3,837,497 88,492,681 Orient-Express Hotels Ltd. -Class A (Bermuda) 200,300 7,901,835 Starwood Hotels & Resorts Worldwide, Inc. 343,500 20,520,690 -------------- 170,951,200 -------------- REGIONAL MALLS-13.79% AEON Mall Co., Ltd. (Japan) 47,600 2,511,132 CapitaMall Trust (Singapore)(a) 1,152,000 1,913,984 CFS Retail Property Trust (Australia)(a) 2,948,200 4,544,032 Diamond City Co., Ltd (Japan)(a) 38,600 1,778,667 General Growth Properties, Inc. 1,154,900 59,939,310 Macerich Co. (The) 687,200 55,216,520 Primaris Retail Real Estate Investment Trust (Canada) 206,500 3,386,181 Simon Property Group, Inc. 1,160,600 112,694,260 Westfield Group (Australia)(a) 583,100 8,388,142 -------------- 250,372,228 --------------
F-1 AIM Real Estate Fund
SHARES VALUE ---------- -------------- SELF STORAGE FACILITIES-3.02% Extra Space Storage Inc. 498,700 $ 9,196,028 Public Storage, Inc. 507,900 45,563,709 -------------- 54,759,737 -------------- SHOPPING CENTERS-10.01% Capital & Regional PLC (United Kingdom)(a) 384,600 9,409,080 Developers Diversified Realty Corp. 900,100 54,816,090 Federal Realty Investment Trust 316,800 25,391,520 Kimco Realty Corp. 799,400 35,517,342 Regency Centers Corp. 511,200 36,888,192 Suntec Real Estate Investment Trust (Singapore)(a) 1,390,000 1,382,814 Weingarten Realty Investors 395,000 18,367,500 -------------- 181,772,538 -------------- SPECIALTY PROPERTIES-0.39% Digital Realty Trust, Inc. 175,900 5,873,301 Spirit Finance Corp. 100,000 1,191,000 -------------- 7,064,301 -------------- Total Real Estate Investment Trusts, Common Stocks & Other Equity Interests (Cost $1,022,481,736) 1,651,993,245 -------------- PREFERRED STOCKS-1.19% APARTMENTS-0.06% Equity Residential Series N, 6.48% Pfd. 40,200 1,005,804 -------------- DIVERSIFIED-0.15% iStar Financial Inc. Series E, 7.88% Pfd. 50,000 1,297,500 Vornado Realty Trust Series E, 7.00% Pfd. 54,800 1,426,992 -------------- 2,724,492 -------------- INDUSTRIAL/OFFICE MIXED-0.30% Duke Realty Corp. Series J, 6.63% Pfd. 27,400 688,562 Series N, 7.25% Pfd. 183,800 4,824,750 -------------- 5,513,312 -------------- INDUSTRIAL PROPERTIES-0.08% First Industrial Realty Trust, Inc. Series J, 7.25% Pfd. 57,300 1,455,420 -------------- OFFICE PROPERTIES-0.09% HRPT Properties Trust Series D, $1.63 Conv. Pfd. 66,200 1,655,000 -------------- LODGING-RESORTS-0.25% Eagle Hospitality Properties Trust, Inc. Series A, 8.25% Pfd. 36,000 914,400 LaSalle Hotel Properties, Series D, 7.50% Pfd. 32,000 832,000 Series E, 8.00% Pfd. 72,400 1,882,400
SHARES VALUE ---------- -------------- LODGING-RESORTS-(CONTINUED) Sunstone Hotel Investors, Inc. Series A, 8.00% Pfd. 37,800 $ 971,460 -------------- 4,600,260 -------------- SELF STORAGE FACILITIES-0.13% Public Storage, Inc., Series B, 7.13% Pfd. 73,100 1,892,559 Series K, 7.25% Pfd. 17,700 459,669 -------------- 2,352,228 -------------- SHOPPING CENTERS-0.13% Developers Divers Realty Series H, 7.38% Pfd. 18,400 467,360 Regency Centers Corp. Series D, 7.25% Pfd. 73,100 1,867,705 -------------- 2,335,065 -------------- Total Preferred Stocks (Cost $20,898,130) 21,641,581 -------------- MONEY MARKET FUNDS-8.85% Liquid Assets Portfolio -Institutional Class (c) 80,371,596 80,371,596 Premier Portfolio -Institutional Class (c) 80,371,596 80,371,596 -------------- Total Money Market Funds (Cost $160,743,192) 160,743,192 -------------- TOTAL INVESTMENTS-101.03% (Cost $1,204,123,058) 1,834,378,018 OTHER ASSETS LESS LIABILITIES-(1.03)% (18,775,910) -------------- NET ASSETS-100.00% $1,815,602,108 ==============
Investment Abbreviations: Conv. -- Convertible Pfd. -- Preferred REIT -- Real Estate Investment Trust Notes to Schedule of Investments: (a) In accordance with the procedures established by the Board of Trustees, the foreign security is fair valued using adjusted closing market prices. The aggregate value of these securities at October 31, 2006 was $75,374,969, which represented 4.15% of the Fund's Net Assets. See Note 1A. (b) Non-income producing security. (c) The money market fund and the Fund are affiliated by having the same investment advisor. See Note 2. SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-2 AIM Real Estate Fund NOTES TO QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS October 31, 2006 (Unaudited) NOTE 1 -- SIGNIFICANT ACCOUNTING POLICIES A. SECURITY VALUATIONS - Securities, including restricted securities, are valued according to the following policy. A security listed or traded on an exchange (except convertible bonds) is valued at its last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded, or lacking any sales or official closing price on a particular day, the security may be valued at the closing bid price on that day. Securities traded in the over-the-counter market are valued based on the prices furnished by independent pricing services, in which case the securities may be considered fair valued, or by market makers. Futures contracts are valued at the final settlement price set by an exchange on which they are principally traded. Listed options are valued at the mean between the last bid and the ask prices from the exchange on which they are principally traded. Options not listed on an exchange are valued by an independent source at the mean between the last bid and ask prices. For purposes of determining net asset value per share, futures and option contracts generally are valued 15 minutes after the close of the customary trading session of the New York Stock Exchange ("NYSE"). Investments in open-end registered investment companies and closed-end registered investment companies that do not trade on an exchange are valued at the end of day net asset value per share. Investments in closed-end registered investment companies that trade on an exchange are valued at the last sales price as of the close of the customary trading session on the exchange where the security is principally traded. Debt obligations (including convertible bonds) are fair valued using an evaluated quote provided by an independent pricing service. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices, and may reflect appropriate factors such as institution-size trading in similar groups of securities, developments related to specific securities, dividend rate, yield, quality, type of issue, coupon rate, maturity, individual trading characteristics and other market data. Short-term obligations having 60 days or less to maturity and commercial paper are recorded at amortized cost which approximates value. Foreign securities (including foreign exchange contracts) are converted into U.S. dollar amounts using the applicable exchange rates as of the close of the NYSE. If market quotations are available and reliable for foreign exchange traded equity securities, the securities will be valued at the market quotations. Because trading hours for certain foreign securities end before the close of the NYSE, closing market quotations may become unreliable. If between the time trading ends on a particular security and the close of the customary trading session on the NYSE, events occur that are significant and may make the closing price unreliable, the Fund may fair value the security. If the event is likely to have affected the closing price of the security, the security will be valued at fair value in good faith using procedures approved by the Board of Trustees. Adjustments to closing prices to reflect fair value may also be based on a screening process of an independent pricing service to indicate the degree of certainty, based on historical data, that the closing price in the principal market where a foreign security trades is not the current value as of the close of the NYSE. Foreign securities meeting the approved degree of certainty that the price is not reflective of current value will be priced at the indication of fair value from the independent pricing service. Multiple factors may be considered by the independent pricing service in determining adjustments to reflect fair value and may include information relating to sector indices, ADRs and domestic and foreign index futures. F-3 AIM Real Estate Fund A. SECURITY VALUATIONS - (CONTINUED) Securities for which market prices are not provided by any of the above methods are valued based upon quotes furnished by independent sources and are valued at the last bid price in the case of equity securities and in the case of debt obligations, the mean between the last bid and asked prices. Securities for which market quotations are not readily available or are unreliable are valued at fair value as determined in good faith by or under the supervision of the Trust's officers following procedures approved by the Board of Trustees. Issuer specific events, market trends, bid/ask quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security's fair value. B. SECURITIES TRANSACTIONS AND INVESTMENT INCOME - Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income is recorded on the accrual basis from settlement date. Dividend income is recorded on the ex-dividend date. Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of realized and unrealized gain (loss) from investment securities reported in the Statement of Operations and the Statement of Changes in Net Assets and the realized and unrealized net gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of the Fund's net asset value and, accordingly, they reduce the Fund's total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statement of Operations and Statement of Changes in Net Assets, or the net investment income per share and ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Fund and the advisor. The Fund allocates income and realized and unrealized capital gains and losses to a class based on the relative net assets of each class. The Fund recharacterizes distributions received from REIT investments based on information provided by the REIT into the following categories: ordinary income, long-term and short-term capital gains, and return of capital. If information is not available timely from the REIT, the recharacterization will be based on available information which may include the previous year's allocation. If new or additional information becomes available from the REIT at a later date, a recharacterization will be made in the following year. The Fund records as dividend income the amount recharacterized as ordinary income and as realized gain the amount recharacterized as capital gain in the Statement of Operations, and the amount recharacterized as return of capital in the Statement of Changes in Net Assets. C. COUNTRY DETERMINATION - For the purposes of making investment selection decisions and presentation in the Schedule of Investments, AIM may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuer's securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America unless otherwise noted. F-4 AIM Real Estate Fund D. FOREIGN CURRENCY TRANSLATIONS - Foreign currency is valued at the close of the NYSE based on quotations posted by banks and major currency dealers. Portfolio securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at date of valuation. Purchases and sales of portfolio securities (net of foreign taxes withheld on disposition) and income items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions. The Fund does not separately account for the portion of the results of operations resulting from changes in foreign exchange rates on investments and the fluctuations arising from changes in market prices of securities held. The combined results of changes in foreign exchange rates and the fluctuation of market prices on investments (net of estimated foreign tax withholding) are included with the net realized and unrealized gain or loss from investments in the Statement of Operations. Reported net realized foreign currency gains or losses arise from (i) sales of foreign currencies, (ii) currency gains or losses realized between the trade and settlement dates on securities transactions, and (iii) the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund's books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign currency gains and losses arise from changes in the fair values of assets and liabilities, other than investments in securities at fiscal period end, resulting from changes in exchange rates. E. FOREIGN CURRENCY CONTRACTS - A foreign currency contract is an obligation to purchase or sell a specific currency for an agreed-upon price at a future date. The Fund may enter into a foreign currency contract to attempt to minimize the risk to the Fund from adverse changes in the relationship between currencies. The Fund may also enter into a foreign currency contract for the purchase or sale of a security denominated in a foreign currency in order to "lock in" the U.S. dollar price of that security. Realized and unrealized gains and losses on these contracts are included in the Statement of Operations. The Fund could be exposed to risk, which may be in excess of the amount reflected in the Statement of Assets and Liabilities, if counterparties to the contracts are unable to meet the terms of their contracts or if the value of the foreign currency changes unfavorably. NOTE 2--INVESTMENTS IN AFFIATES The Fund is permitted, pursuant to procedures approved by the Board of Trustees, to invest daily available cash balances in affiliated money market funds. The Fund and the money market funds below have the same investment advisor and therefore, are considered to be affiliated. The table below shows the transactions in and earnings from investments in affiliated money market funds for the three months ended October 31, 2006.
CHANGE IN UNREALIZED VALUE PURCHASES PROCEEDS APPRECIATION VALUE DIVIDEND REALIZED FUND 07/31/06 AT COST FROM SALES (DEPRECIATION) 10/31/06 INCOME GAIN (LOSS) - ---- ----------- ------------ ------------ -------------- ------------ ---------- ----------- Liquid Assets Portfolio- Institutional Class $14,134,742 $104,080,074 $(37,843,220) $-- $ 80,371,596 $ 630,253 $-- Premier Portfolio- Institutional Class 14,134,742 104,080,074 (37,843,220) -- 80,371,596 629,790 -- ----------- ------------ ------------ --- ------------ ---------- --- TOTAL INVESTMENTS IN AFFILIATES $28,269,484 $208,160,148 $(75,686,440) $-- $160,743,192 $1,260,043 $-- =========== ============ ============ === ============ ========== ===
F-5 AIM Real Estate Fund NOTE 3 -- INVESTMENT SECURITIES The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the three months ended October 31, 2006 was $177,470,528 and $238,543,767, respectively. For interim reporting periods, the cost of investments for tax purposes includes reversals of certain tax items, such as, wash sales that have occurred since the prior fiscal year-end. UNREALIZED APPRECIATION (DEPRECIATION) OF INVESTMENT SECURITIES ON A TAX BASIS Aggregate unrealized appreciation of investment securities $626,852,990 Aggregate unrealized (depreciation) of investment securities (215,167) ------------ Net unrealized appreciation of investment securities $626,637,823 ============
Cost of investments for tax purposes is $1,207,740,195. F-6 AIM SHORT TERM BOND FUND Quarterly Schedule of Portfolio Holdings - October 31, 2006 (AIM YOUR GOALS. INVESTMENTS OUR SOLUTIONS.(R) (R) LOGO) AIMinvestments.com STB-QTR-1 10/06 A I M Advisors, Inc. AIM Short Term Bond Fund SCHEDULE OF INVESTMENTS October 31, 2006 (Unaudited)
PRINCIPAL AMOUNT VALUE ----------- ------------ BONDS & NOTES-59.61% APPAREL RETAIL-0.27% Gap Inc. (The), Unsec. Notes, 6.90%, 09/15/07(a) $ 470,000 $ 474,876 ------------ ASSET MANAGEMENT & CUSTODY BANKS-1.65% Bank of New York Institutional Capital Trust-Series A, Trust Pfd. Bonds, 7.78%, 12/01/26 (Acquired 06/12/03; Cost $1,789,065)(a)(b) 1,500,000 1,563,585 GAMCO Investors, Inc., Sr. Unsec. Unsub. Notes, 5.22%, 02/17/07(a) 580,000 579,298 Mellon Capital II-Series B, Jr. Gtd. Sub. Trust Pfd. Bonds, 8.00%, 01/15/27(a) 700,000 731,437 ------------ 2,874,320 ------------ AUTOMOBILE MANUFACTURERS-0.82% DaimlerChrysler North America Holding Corp., Notes, 4.13%, 03/07/07(a) 1,435,000 1,428,514 ------------ BROADCASTING & CABLE TV-5.76% CBS Corp., Sr. Unsec. Gtd. Global Notes, 5.63%, 05/01/07(a) 2,915,000 2,916,603 Clear Channel Communications, Inc., Sr. Unsec. Global Notes, 6.00%, 11/01/06(a) 1,393,000 1,393,014 Sr. Unsec. Notes, 3.13%, 02/01/07(a) 865,000 859,395 Cox Communications, Inc., Medium Term Notes, 7.03%, 11/06/06(a) 1,000,000 1,000,090 Cox Enterprises, Inc., Notes, 8.00%, 02/15/07 (Acquired 11/09/05-11/14/05; Cost $3,612,560)(a)(b) 3,500,000 3,521,105 MediaOne Group Inc., Unsec. Gtd. Notes, 7.30%, 01/15/07(a) 325,000 325,871 ------------ 10,016,078 ------------ CASINOS & GAMING-3.23% Caesars Entertainment, Inc., Sr. Unsec Notes, 8.50%, 11/15/06(a) 4,230,000 4,235,372 Harrah's Operating Co., Inc., Unsec. Gtd. Global Notes, 7.13%, 06/01/07(a) 1,375,000 1,382,384 ------------ 5,617,756 ------------ CONSUMER FINANCE-2.21% Capital One Capital I, Sub. Floating Rate Trust Pfd. Bonds, 7.04%, 02/01/27 (Acquired 09/15/04-04/12/06; Cost $1,853,500)(a)(b)(c) 1,830,000 1,845,427
PRINCIPAL AMOUNT VALUE ----------- ------------ CONSUMER FINANCE-(CONTINUED) Ford Motor Credit Co., Sr. Unsec. Notes, 4.95%, 01/15/08(a) $ 2,040,000 $ 1,993,957 ------------ 3,839,384 ------------ DEPARTMENT STORES-0.50% JC Penney Corp. Inc., Unsec. Deb., 8.13%, 04/01/27(a) 830,000 861,905 ------------ DIVERSIFIED BANKS-3.34% BankBoston Capital Trust II-Series B, Gtd. Trust Pfd. Bonds, 7.75%, 12/15/26(a) 1,200,000 1,251,288 Barclays Bank PLC (United Kingdom), Floating Rate Global Notes, 4.53%, 08/08/07 (Acquired 04/06/06; Cost $497,405)(a)(b)(c) 500,000 500,180 First Empire Capital Trust I, Gtd. Trust Pfd. Notes, 8.23%, 02/01/27(a) 650,000 681,031 Mizuho Financial Group Cayman Ltd. (Cayman Islands), Gtd. Sub. Second Tier Euro Bonds, 8.38% (a)(d) 300,000 317,783 Sumitomo Mitsui Banking Corp. (Japan), Sub. Second Tier Euro Notes, 8.15% (a)(d) 555,000 579,338 Svenska Handelsbanken A.B. (Sweden), Unsec. Sub. Notes, 7.13% (Acquired 07/26/06; Cost $1,561,346)(a)(b)(d) 1,550,000 1,567,158 VTB Capital S.A. (Russia), Sr. Floating Rate Notes, 6.14%, 09/21/07 (Acquired 12/14/05; Cost $900,000)(a)(b)(c) 900,000 902,587 ------------ 5,799,365 ------------ DIVERSIFIED CHEMICALS-0.31% Bayer Corp., Bonds, 6.20%, 02/15/08 (Acquired 08/01/06; Cost $543,796)(a)(b) 540,000 546,966 ------------ DIVERSIFIED METALS & MINING-0.30% Reynolds Metals Co., Medium Term Notes, 7.00%, 05/15/09(a) 501,000 512,598 ------------ ELECTRIC UTILITIES-0.96% Baltimore Gas & Electric, Unsec. Notes, 5.25%, 12/15/06(a) 200,000 199,932 Commonwealth Edison Co., Unsec. Notes, 7.63%, 01/15/07(a) 150,000 150,391 FirstEnergy Corp.-Series A, Sr. Unsec. Unsub. Global Notes, 5.50%, 11/15/06(a) 314,000 314,000 Northeast Utilities-Series A, Notes, 8.58%, 12/01/06(a) 234,000 234,438
F-1 AIM Short Term Bond Fund
PRINCIPAL AMOUNT VALUE ----------- ------------ ELECTRIC UTILITIES-(CONTINUED) PP&L Capital Funding Inc.-Series D, Unsec. Gtd. Medium Term Notes, 8.38%, 06/15/07(a) $ 757,000 $ 770,081 ------------ 1,668,842 ------------ FERTILIZERS & AGRICULTURAL CHEMICALS-0.67% Potash Corp. of Saskatchewan Inc. (Canada), Unsec. Unsub. Yankee Notes, 7.13%, 06/15/07(a) 1,160,000 1,171,786 ------------ FOOD RETAIL-0.85% Safeway Inc., Sr. Unsec. Notes, 4.80%, 07/16/07(a) 1,475,000 1,469,012 ------------ FOREST PRODUCTS-0.37% Weyerhaeuser Co., Unsec. Unsub. Global Notes, 6.13%, 03/15/07(a) 643,000 644,428 ------------ GAS UTILITIES-0.43% Consolidated Natural Gas Co.-Series B, Sr. Unsec. Unsub. Notes, 5.38%, 11/01/06(a) 747,000 746,873 ------------ GOLD-0.26% Newmont Gold Corp.-Series A1, Pass Through Ctfs., 8.91%, 01/05/09(a) 426,214 443,007 ------------ HOME IMPROVEMENT RETAIL-0.17% Sherwin-Williams Co. (The), Sr. Notes, 6.85%, 02/01/07(a) 300,000 300,981 ------------ HOMEBUILDING-0.83% D.R. Horton, Inc., Sr. Unsec. Gtd. Notes, 7.50%, 12/01/07(a) 1,415,000 1,442,960 ------------ HOTELS, RESORTS & CRUISE LINES-0.89% Hyatt Equities LLC, Notes, 6.88%, 06/15/07 (Acquired 01/25/06-07/18/06; Cost $1,561,088)(a)(b) 1,533,000 1,542,259 ------------ HOUSEWARES & SPECIALTIES-0.41% Newell Rubbermaid Inc., Unsec. Notes, 6.00%, 03/15/07(a) 710,000 711,022 ------------ INDUSTRIAL CONGLOMERATES-0.30% Tyco International Group S.A. Participation Certificate Trust, Unsec. Notes, 4.44%, 06/15/07 (Acquired 10/26/06; Cost $526,094)(a)(b) 530,000 527,689 ------------ INSURANCE BROKERS-0.94% Marsh & McLennan Cos., Inc., Sr. Unsec. Global Notes, 5.38%, 03/15/07(a) 1,630,000 1,628,729 ------------ INTEGRATED OIL & GAS-2.91% Husky Oil Ltd. (Canada), Sr. Unsec. Yankee Notes, 7.13%, 11/15/06(a) 2,960,000 2,961,569
PRINCIPAL AMOUNT VALUE ----------- ------------ INTEGRATED OIL & GAS-(CONTINUED) Yankee Bonds, 8.90%, 08/15/28(a) $ 2,000,000 $ 2,102,500 ------------ 5,064,069 ------------ INTEGRATED TELECOMMUNICATION SERVICES-3.62% SBC Communications Capital Corp.-Series D, Medium Term Notes, 6.68%, 11/28/07(a) 1,125,000 1,140,311 TCI Communications Financing III, Gtd. Trust Pfd. Bonds, 9.65%, 03/31/27(a) 2,075,000 2,210,103 TELUS Corp. (Canada), Yankee Notes, 7.50%, 06/01/07(a) 2,591,000 2,620,097 Verizon Communications Inc., Unsec. Deb., 7.90%, 02/01/27(a) 308,000 320,425 ------------ 6,290,936 ------------ INVESTMENT BANKING & BROKERAGE-0.11% Jefferies Group, Inc.-Series B, Sr. Unsec. Notes, 7.50%, 08/15/07(a) 195,000 197,991 ------------ LEISURE PRODUCTS-1.04% Brunswick Corp., Unsec. Unsub. Notes, 6.75%, 12/15/06(a) 1,800,000 1,802,304 ------------ LIFE & HEALTH INSURANCE-1.14% Sun Life Canada (U.S.) Capital Trust, Gtd. Trust Pfd. Notes, 8.53% (Acquired 02/13/06; Cost $1,459,158)(a)(b)(d) 1,360,000 1,437,465 Torchmark Corp., Notes, 6.25%, 12/15/06(a) 540,000 540,400 ------------ 1,977,865 ------------ MOVIES & ENTERTAINMENT-0.60% Time Warner Cos., Inc., Notes, 8.18%, 08/15/07(a) 255,000 260,388 Unsec. Deb., 7.48%, 01/15/08(a) 268,000 274,368 Time Warner Inc., Sr. Unsec. Gtd. Global Notes, 6.15%, 05/01/07(a) 500,000 501,440 ------------ 1,036,196 ------------ MULTI-UTILITIES-2.36% Ameren Corp., Bonds, 4.26%, 05/15/07(a) 1,230,000 1,221,894 Nisource Finance Corp., Sr. Unsec. Gtd. Notes, 3.20%, 11/01/06(a) 395,000 394,941 Nisource Inc., Sr. Unsec. Deb., 3.63%, 11/01/06(a) 260,000 259,961 PSI Energy, Inc., Unsec. Deb., 7.85%, 10/15/07(a) 245,000 250,439 Sempra Energy, Sr. Notes, 4.62%, 05/17/07(a) 270,000 268,877 TE Products Pipeline Co., Sr. Unsec. Notes, 6.45%, 01/15/08(a) 160,000 160,005
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-2 AIM Short Term Bond Fund
PRINCIPAL AMOUNT VALUE ----------- ------------ MULTI-UTILITIES-(CONTINUED) Virginia Electric and Power Co.-Series A, Sr. Unsec. Unsub. Notes, 5.38%, 02/01/07(a) $ 1,545,000 $ 1,544,181 ------------ 4,100,298 ------------ OIL & GAS EXPLORATION & PRODUCTION-0.06% Anadarko Petroleum Corp., Sr. Unsec. Notes, 5.38%, 03/01/07(a) 100,000 99,839 ------------ OTHER DIVERSIFIED FINANCIAL SERVICES-8.23% BankAmerica Capital II-Series 2, Jr. Unsec. Gtd. Sub. Trust Pfd. Notes, 8.00%, 12/15/26(a) 350,000 365,386 Barnett Capital II, Gtd. Trust Pfd. Bonds, 7.95%, 12/01/26(a) 410,000 427,864 Chase Capital I, Jr. Unsec. Gtd. Sub. Trust Pfd. Notes, 7.67%, 12/01/26(a) 783,000 815,855 Countrywide Capital I, Gtd. Trust Pfd. Notes, 8.00%, 12/15/26(a) 560,000 562,923 Culligan Finance Corp., Medium Term Notes, 5.35%, 05/15/07 (Acquired 10/24/06; Cost $249,600)(a)(b)(e) 250,000 249,978 General Electric Capital Corp., Unsec. Floating Rate Putable Deb., 5.09%, 09/01/07(a)(c) 190,000 189,188 JPM Capital Trust I, Gtd. Trust Pfd. Notes, 7.54%, 01/15/27(a) 2,440,000 2,544,505 Mantis Reef Ltd. (Australia), Notes, 4.69%, 11/14/08 (Acquired 08/11/06; Cost $195,854)(a)(b) 200,000 196,994 Mizuho JGB Investment LLC-Series A, Sub. Bonds, 9.87% (Acquired 06/14/05-07/28/05; Cost $1,980,715)(a)(b)(d) 1,750,000 1,867,915 NB Capital Trust II, Gtd. Sub. Trust Pfd. Notes, 7.83%, 12/15/26(a) 165,000 172,133 Pemex Finance Ltd. (Mexico), Sr. Unsec. Global Notes, 8.02%, 05/15/07(a) 800,000 805,728 Series 1999-2, Class A1, Global Bonds, 9.69%, 08/15/09(a) 2,190,000 2,313,187 Residential Capital Corp., Sr. Unsec. Floating Rate Global Notes, 6.74%, 940,000 944,981 06/29/07(a)(c) St. George Funding Co. LLC (Australia), Bonds, 9.49% (Acquired 10/19/06; Cost $428,085)(a)(b)(d)(f) 405,000 438,024 Textron Financial Corp.-Series E, Floating Rate Medium Term Notes, 6.99%, 12/01/07(a)(c) 410,000 414,850 Twin Reefs Pass-Through Trust, Floating Rate Pass Through Ctfs., 6.32% (Acquired 12/07/04; Cost $2,000,000)(a)(b)(c)(d) 2,000,000 2,003,616 ------------ 14,313,127 ------------
PRINCIPAL AMOUNT VALUE ----------- ------------ PACKAGED FOODS & MEATS-0.03% General Mills, Inc., Global Notes, 5.13%, 02/15/07(a) $ 45,000 $ 44,953 ------------ PROPERTY & CASUALTY INSURANCE-2.04% CNA Financial Corp., Sr. Unsec. Notes, 6.75%, 11/15/06(a) 282,000 282,102 6.45%, 01/15/08(a) 1,070,000 1,082,187 Executive Risk Capital Trust-Series B, Gtd. Trust Pfd. Bonds, 8.68%, 02/01/27(a) 920,000 966,294 Oil Insurance Ltd. (Bermuda), Notes, 7.56% (Acquired 06/15/06; Cost $1,170,000)(a)(b)(d) 1,170,000 1,222,065 ------------ 3,552,648 ------------ PUBLISHING-0.53% Belo Corp., Sr. Unsec. Unsub. Notes, 7.13%, 06/01/07(a) 920,000 927,719 ------------ RAILROADS-0.43% Union Pacific Corp., Unsec. Notes, 6.70%, 12/01/06(a) 750,000 750,750 ------------ REAL ESTATE MANAGEMENT & DEVELOPMENT-0.92% Realogy Corp., Sr. Floating Rate Notes, 6.07%, 10/20/09 (Acquired 10/13/06; Cost $600,000)(a)(b)(c) 600,000 600,378 Southern Investments UK PLC (United Kingdom), Sr. Unsec. Unsub. Yankee Notes, 6.80%, 12/01/06(a) 1,000,000 1,001,040 ------------ 1,601,418 ------------ REGIONAL BANKS-3.97% Cullen/Frost Capital Trust I, Unsec. Sub. Floating Rate Notes, 6.95%, 03/01/34(a)(c) 1,500,000 1,533,405 PNC Institutional Capital Trust A, Trust Pfd. Bonds, 7.95%, 12/15/26 (Acquired 10/03/06-10/17/06; Cost $917,381)(a)(b) 880,000 918,738 Popular North America Inc.-Series F, Medium Term Notes, 5.20%, 12/12/07(a) 1,420,000 1,417,486 Western Financial Bank, Unsec. Sub. Deb., 9.63%, 05/15/12(a) 2,735,000 3,037,546 ------------ 6,907,175 ------------ SOVEREIGN DEBT-1.91% Export-Import Bank of Korea (The), Unsec. Global Notes, 6.50%, 11/15/06(a) 2,000,000 2,000,620 Russian Federation (Russia)-REGS, Unsec. Unsub. Euro Bonds, 10.00%, 06/26/07 (Acquired 05/14/04-05/18/04; Cost $1,440,281)(a)(b) 1,275,000 1,313,760 ------------ 3,314,380 ------------
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-3 AIM Short Term Bond Fund
PRINCIPAL AMOUNT VALUE ----------- ------------ SPECIALIZED CONSUMER SERVICES-0.24% Block Financial Corp., Sr. Unsec. Gtd. Unsub. Notes, 8.50%, 04/15/07(a) $ 410,000 $ 415,322 ------------ SPECIALIZED REIT'S-0.53% Health Care Property Investors, Inc., Floating Rate Medium Term Notes, 5.84%, 09/15/08(a)(c) 530,000 530,251 Health Care REIT, Inc., Sr. Unsec. Notes, 7.50%, 08/15/07(a) 385,000 390,840 ------------ 921,091 ------------ SPECIALTY CHEMICALS-0.51% ICI Wilmington Inc., Gtd. Notes, 7.05%, 09/15/07(a) 870,000 882,206 ------------ THRIFTS & MORTGAGE FINANCE-0.48% Bank United Corp., Unsec. Sub. Notes, 8.88%, 05/01/07(a) 405,000 411,294 Washington Mutual Capital I, Gtd. Sub. Trust Pfd. Notes, 8.38%, 06/01/27(a) 400,000 421,184 ------------ 832,478 ------------ TOBACCO-0.57% Altria Group, Inc., Unsec. Notes, 7.20%, 02/01/07(a) 980,000 983,685 ------------ TRADING COMPANIES & DISTRIBUTORS-0.47% GATX Financial Corp., Sr. Notes, 7.75%, 12/01/06(a) 370,000 370,611 Series D, Medium Term Notes, 6.88%, 12/15/06(a) 453,000 453,643 ------------ 824,254 ------------ TRUCKING-1.44% Roadway Corp., Sr. Sec. Gtd. Global Notes, 8.25%, 12/01/08(a) 2,400,000 2,502,792 ------------ Total Bonds & Notes (Cost $104,072,612) 103,612,846 ------------ U.S. MORTGAGE-BACKED SECURITIES-30.71% FEDERAL HOME LOAN MORTGAGE CORP. (FHLMC)-7.05% Pass Through Ctfs., 8.00%, 11/20/12(a) 566,000 586,939 9.00%, 05/01/15(a) 415,000 448,471 7.50%, 06/01/16 to 07/01/24(a) 1,077,000 1,117,729 7.00%, 12/01/16 to 02/01/35(a) 3,312,000 3,424,486 6.00%, 02/01/17 to 03/01/23(a) 3,758,000 3,787,936 8.50%, 02/01/19 to 08/17/26(a) 2,184,000 2,348,122 6.50%, 12/01/35(a) 534,000 544,270 ------------ 12,257,953 ------------
PRINCIPAL AMOUNT VALUE ----------- ------------ FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA)-15.99% Pass Through Ctfs., 7.50%, 02/01/15 to 04/01/33(a) $ 2,852,000 $ 2,977,976 7.00%, 04/01/15 to 12/01/33(a) 9,347,000 9,656,267 8.50%, 09/01/15 to 07/01/30(a) 910,000 983,796 6.50%, 11/01/16 to 10/01/35(a) 5,233,000 5,361,773 8.00%, 09/01/17 to 08/01/32(a) 3,151,000 3,321,370 7.00%, 02/01/20(a) 1,004,000(h) 1,042,328 9.00%, 02/01/21 to 01/01/30(a) 391,000 424,363 10.00%, 05/01/26(a) 192,000 207,899 7.00%, 11/01/25(a) 2,622 2,700,652 7.00%, 08/01/36(a) 1,083 1,114,374 ------------ 27,790,798 ------------ GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (GNMA)-7.67% Pass Through Ctfs., 6.50%, 10/15/13 to 02/15/34(a) 6,196,000 6,413,853 7.00%, 05/15/17 to 06/15/32(a) 1,989,000 2,063,473 7.00%, 12/15/17(a) 951,000(h) 979,938 6.00%, 06/15/18 to 06/15/33(a) 1,443,000 1,469,108 7.75%, 09/15/19 to 02/15/21(a) 463,000 486,965 7.50%, 12/20/25 to 07/15/32(a) 1,241,000 1,298,539 8.50%, 07/20/27(a) 233,000 249,315 8.00%, 10/15/30(a) 359,000 383,195 ------------ 13,344,386 ------------ Total U.S. Mortgage-Backed Securities (Cost $51,872,406) 53,393,137 ------------
SHARES ----------- PREFERRED STOCKS-3.59% OTHER DIVERSIFIED FINANCIAL SERVICES-0.29% Auction Pass-Through Trust-Series 2001-1, Class A, 5.55%, Pass Through Ctfs. (Acquired 10/03/06; Cost $500,000)(b)(c)(e)(h) 2 502,175 ------------ THRIFTS & MORTGAGE FINANCE-2.74% Fannie Mae, Series J, 4.72% Floating Rate Pfd.(c) 47,500 2,373,100 Series K, 5.40% Floating Rate Pfd.(c) 47,500 2,386,875 ------------ 4,759,975 ------------ WIRELESS TELECOMMUNICATION SERVICES-0.56% Telephone & Data Systems, Inc.-Series A, 7.60% Pfd. 39,000 977,730 ------------ Total Preferred Stocks (Cost $6,280,250) 6,239,880 ------------
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-4 AIM Short Term Bond Fund
PRINCIPAL AMOUNT VALUE ----------- ------------ MUNICIPAL OBLIGATIONS-2.28% Bethlehem (City of), Pennsylvania; Series 2004 B, Taxable Unlimited Tax GO, (INS-Financial Guaranty Insurance Co.) 3.35%, 11/01/06(a)(i) $ 1,000,000 $ 1,000,000 Chicago (City of), Illinois O'Hare International Airport; Series 2004 E, Refunding Taxable General Airport Third Lien RB, (INS-MBIA Insurance Corp.) 3.88%, 01/01/08(a)(i) 1,000,000 987,020 Chicago (City of), Illinois; Series 2005 C, Taxable Unlimited Tax GO, (INS-Financial Security Assurance Inc.) 4.39%, 01/01/07(a)(i) 500,000 499,180 Phoenix (City of), Arizona Civic Improvement Corp.; Series 2004, Taxable Rental Car Facility Charge RB, (INS-Financial Guaranty Insurance Co.) 3.69%, 07/01/07(a)(i) 1,500,000 1,483,770 ------------ Total Municipal Obligations (Cost $4,000,000) 3,969,970 ------------ ASSET-BACKED SECURITIES-1.62% ASSET-BACKED SECURITIES - CONSUMER RECEIVABLES-1.62% Pacific Coast CDO Ltd.-Series 1A, Class A, Floating Rate Bonds, 5.81%, 10/25/36 (Acquired 03/24/04-05/26/04; Cost $1,190,700)(b)(c)(e) 1,202,222 1,193,205 Toyota Auto Receivables Owners Trust-Series 2003-A, Class A4, 2.20%, 03/15/10(a) 101,011 100,933 Wirefree Partners III CDO-Series 2005-1A, 6.00%, 11/17/19 (Acquired 10/12/06; Cost $1,523,517)(b) 1,540,000 1,522,459 ------------ Total Asset-Backed Securities (Cost $2,814,946) 2,816,597 ------------ U.S. GOVERNMENT AGENCY SECURITIES-0.67% FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA)-0.67% Unsec. Floating Rate Global Notes, 5.29%(a)(c) (Cost $1,200,000) 02/17/09 1,200 1,161,048 ------------
SHARES ----------- MONEY MARKET FUNDS-1.23% Liquid Assets Portfolio-Institutional Class (j) 1,067,134 1,067,134 Premier Portfolio-Institutional Class (j) 1,067,134 1,067,134 ------------ Total Money Market Funds (Cost $2,134,268) 2,134,268 ------------ TOTAL INVESTMENTS-99.71% (Cost $172,374,482) 173,327,746 OTHER ASSETS LESS LIABILITIES-0.29% 499,823 ------------ NET ASSETS-100.00% $173,827,569 ============
Investment Abbreviations: Ctfs. -- Certificates Deb. -- Debentures GO -- General Obligation Bonds Gtd. -- Guaranteed INS -- Insurer Jr. -- Junior Pfd. -- Preferred RB -- Revenue Bonds REGS -- Regulation S REIT -- Real Estate Investment Trust Sec. -- Secured Sr. -- Senior Sub. -- Subordinated Unsec. -- Unsecured Unsub. -- Unsubordinated Notes to Schedule of Investments: (a) In accordance with the procedures established by the Board of Trustees, security fair valued based on an evaluated quote provided by an independent pricing service. The aggregate value of these securities at October 31, 2006 was $162,237,934, which represented 93.33% of the Fund's Net Assets. See Note 1A. (b) Security not registered under the Securities Act of 1933, as amended (e.g., the security was purchased in a Rule 144A transaction or a Regulation D transaction). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The Fund has no rights to demand registration of these securities. The aggregate value of these securities at October 31, 2006 was $25,983,728, which represented 14.95% of the Fund's Net Assets. Unless otherwise indicated, these securities are not considered to be illiquid. (c) Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on October 31, 2006. (d) Perpetual bond with no specified maturity date. (e) Security considered to be illiquid. The Fund is limited to investing 15% of net assets in illiquid securities at the time of purchase. The aggregate value of these securities considered illiquid at October 31, 2006 was $1,945,358, which represented 1.12% of the Fund's Net Assets. (f) Step coupon bond. The interest rate represents the coupon rate at which the bond will accrue at a specified future date. (g) All or a portion of the principal balance was pledged as collateral to cover margin requirements for open futures contracts. See Note 1F and Note 3. (h) Security fair valued in good faith in accordance with the procedures established by the Board of Trustees. The value of this security at October 31, 2006 represented 0.29% of the Fund's Net Assets. See Note 1A. (i) Principal and/or interest payments are secured by the bond insurance company listed. (j) The money market fund and the Fund are affiliated by having the same investment advisor. See Note 2. SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-5 AIM Short Term Bond Fund NOTES TO QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS October 31, 2006 (Unaudited) NOTE 1 -- SIGNIFICANT ACCOUNTING POLICIES A. SECURITY VALUATIONS - Securities, including restricted securities, are valued according to the following policy. A security listed or traded on an exchange (except convertible bonds) is valued at its last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded, or lacking any sales or official closing price on a particular day, the security may be valued at the closing bid price on that day. Securities traded in the over-the-counter market are valued based on the prices furnished by independent pricing services, in which case the securities may be considered fair valued, or by market makers. Futures contracts are valued at the final settlement price set by an exchange on which they are principally traded. Listed options are valued at the mean between the last bid and the ask prices from the exchange on which they are principally traded. Options not listed on an exchange are valued by an independent source at the mean between the last bid and ask prices. For purposes of determining net asset value per share, futures and option contracts generally are valued 15 minutes after the close of the customary trading session of the New York Stock Exchange ("NYSE"). Investments in open-end registered investment companies and closed-end registered investment companies that do not trade on an exchange are valued at the end of day net asset value per share. Investments in closed-end registered investment companies that trade on an exchange are valued at the last sales price as of the close of the customary trading session on the exchange where the security is principally traded. Debt obligations (including convertible bonds) are fair valued using an evaluated quote provided by an independent pricing service. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices, and may reflect appropriate factors such as institution-size trading in similar groups of securities, developments related to specific securities, dividend rate, yield, quality, type of issue, coupon rate, maturity, individual trading characteristics and other market data. Short-term obligations having 60 days or less to maturity and commercial paper are recorded at amortized cost which approximates value. Foreign securities (including foreign exchange contracts) are converted into U.S. dollar amounts using the applicable exchange rates as of the close of the NYSE. If market quotations are available and reliable for foreign exchange traded equity securities, the securities will be valued at the market quotations. Because trading hours for certain foreign securities end before the close of the NYSE, closing market quotations may become unreliable. If between the time trading ends on a particular security and the close of the customary trading session on the NYSE, events occur that are significant and may make the closing price unreliable, the Fund may fair value the security. If the event is likely to have affected the closing price of the security, the security will be valued at fair value in good faith using procedures approved by the Board of Trustees. Adjustments to closing prices to reflect fair value may also be based on a screening process of an independent pricing service to indicate the degree of certainty, based on historical data, that the closing price in the principal market where a foreign security trades is not the current value as of the close of the NYSE. Foreign securities meeting the approved degree of certainty that the price is not reflective of current value will be priced at the indication of fair value from the independent pricing service. Multiple factors may be considered by the independent pricing service in determining adjustments to reflect fair value and may include information relating to sector indices, ADRs and domestic and foreign index futures. Securities for which market prices are not provided by any of the above methods are valued based upon quotes furnished by independent sources and are valued at the last bid price in the case of equity securities and in the case of debt obligations, the mean between the last bid and asked prices. Securities for which market quotations are not readily available or are unreliable are valued at fair value as determined in good faith by or under the supervision of the Trust's officers following F-6 AIM Short Term Bond Fund A. SECURITY VALUATIONS - (CONTINUED) procedures approved by the Board of Trustees. Issuer specific events, market trends, bid/ask quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security's fair value. B. SECURITIES TRANSACTIONS AND INVESTMENT INCOME - Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income is recorded on the accrual basis from settlement date. Dividend income is recorded on the ex-dividend date. Bond premiums and discounts are amortized and/or accreted for financial reporting purposes. Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of realized and unrealized gain (loss) from investment securities reported in the Statement of Operations and the Statement of Changes in Net Assets and the realized and unrealized net gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of the Fund's net asset value and, accordingly, they reduce the Fund's total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statement of Operations and Statement of Changes in Net Assets, or the net investment income per share and ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Fund and the advisor. The Fund allocates realized and unrealized capital gains and losses to a class based on the relative net assets of each class. The Fund allocates income to a class based on the relative value of the settled shares of each class. C. COUNTRY DETERMINATION - For the purposes of making investment selection decisions and presentation in the Schedule of Investments, AIM may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuer's securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America unless otherwise noted. D. DOLLAR ROLL TRANSACTIONS - The Fund may engage in dollar roll transactions with respect to mortgage-backed securities issued by GNMA, FNMA and FHLMC. In a dollar roll transaction, the Fund sells a mortgage-backed security held in the Fund to a financial institution such as a bank or broker-dealer, and simultaneously agrees to purchase a substantially similar security (same type, coupon and maturity) from the institution at an agreed upon price and future date. The mortgage-backed securities to be purchased will bear the same interest rate as those sold, but generally will be collateralized by different pools of mortgages with different prepayment histories. Based on the typical structure of dollar roll transactions by the Fund, fee income is agreed upon amongst the parties at the commencement of the dollar roll. This fee is amortized to income ratably over the term of the dollar roll. During the period between the sale and purchase settlement dates, the Fund will not be entitled to receive interest and principal payments on securities purchased and not yet settled. Proceeds of the sale may be invested in short-term instruments, and the income from these investments, together with any additional fee income received on the sale, could generate income for the Fund exceeding the yield on the security sold. Dollar roll transactions are considered borrowings under the Investment Company Act of 1940. At the time the Fund enters into the dollar roll, it will segregate liquid assets having a dollar value equal to the purchase price. Dollar roll transactions involve the risk that the market value of the securities retained by the Fund may decline below the price of the securities that the Fund has sold but is obligated to purchase under the agreement. In the event that the buyer of securities in a dollar roll transaction files for bankruptcy or becomes insolvent, the Fund's use of the proceeds from the sale of the securities may be restricted pending a determination by the other party, or its trustee or receiver, whether to enforce the Fund's obligation to purchase the securities. The return earned by the Fund with the proceeds of the dollar roll transaction may not exceed the return on the securities sold. F-7 AIM Short Term Bond Fund E. COVERED CALL OPTIONS - The Fund may write call options, including options on futures. A call option gives the purchaser of such option the right to buy, and the writer (the Fund) the obligation to sell, the underlying security at the stated exercise price during the option period. Written call options are recorded as a liability in the Statement of Assets and Liabilities. The amount of the liability is subsequently "marked-to-market" to reflect the current market value of the option written. If a written call option expires on the stipulated expiration date, or if the Fund enters into a closing purchase transaction, the Fund realizes a gain (or a loss if the closing purchase transaction exceeds the premium received when the option was written) without regard to any unrealized gain or loss on the underlying security, and the liability related to such option is extinguished. If a written option is exercised, the Fund realizes a gain or a loss from the sale of the underlying security and the proceeds of the sale are increased by the premium originally received. Realized gains and losses on these contracts are included in the Statement of Operations. A risk in writing a call option is that the Fund gives up the opportunity for profit if the market price of the security increases and the option is exercised. An option on a futures contract gives the holder the right to receive a cash "exercise settlement amount" equal to the difference between the exercise price of the option and the value of the underlying futures contract on the exercise date. The value of a futures contract fluctuates with changes in the market values of the securities underlying the futures contract. In writing futures contract options, the principal risk is that the Fund could bear a loss on the options that would be only partially offset (or not offset at all) by the increased value or reduced cost of underlying portfolio securities. Risks may exceed amounts recognized in the Statement of Assets and Liabilities. F. FUTURES CONTRACTS - The Fund may purchase or sell futures contracts. Initial margin deposits required upon entering into futures contracts are satisfied by the segregation of specific securities as collateral for the account of the broker (the Fund's agent in acquiring the futures position). During the period the futures contracts are open, changes in the value of the contracts are recognized as unrealized gains or losses by "marking to market" on a daily basis to reflect the market value of the contracts at the end of each day's trading. Variation margin payments are received or made depending upon whether unrealized gains or losses are incurred. When the contracts are closed, the Fund recognizes a realized gain or loss equal to the difference between the proceeds from, or cost of, the closing transaction and the Fund's basis in the contract. If the Fund were unable to liquidate a futures contract and/or enter into an offsetting closing transaction, the Fund would continue to be subject to market risk with respect to the value of the contracts and continue to be required to maintain the margin deposits on the futures contracts. Risks may exceed amounts recognized in the Statement of Assets and Liabilities. G. SWAP AGREEMENTS - The Fund may enter into various swap transactions, including interest rate, index, currency exchange rate and credit default swap contracts ("CDS") for investment purposes or to manage interest rate, currency or credit risk. Interest rate, index, and currency exchange rate swap agreements are two-party contracts entered into primarily to exchange the returns (or differentials in rates of returns) earned or realized on particular predetermined investments or instruments. The gross returns to be exchanged or "swapped" between the parties are calculated with respect to a notional amount, i.e., the return on or increase in value of a particular dollar amount invested at a particular interest rate, in a particular foreign currency, or in a "basket" of securities representing a particular index. A CDS is an agreement between two parties ("Counterparties") to exchange the credit risk of an issuer. A buyer of a CDS is said to buy protection by paying a fixed payment over the life of the agreement to the seller of the CDS. If a defined credit event occurs (such as payment default or bankruptcy), the Fund as a protection buyer would cease paying its fixed payment, the Fund would deliver the corresponding bonds, or other similar bonds issued by the same reference entity to the seller, and the seller would pay the full notional value, or the "par value", of the referenced obligation to the Fund. A seller of a CDS is said to sell protection and thus would receive the fixed payment stream. If a credit event occurs, the Fund as a protection seller would cease to receive the fixed payment stream, the Fund would pay the buyer the full notional value of the referenced obligation, and the Fund would receive the corresponding bonds or similar bonds issued by the same reference entity If no credit event occurs, the Fund receives the fixed payment over the life of the agreement. As the seller, the Fund would effectively add leverage to its portfolio because, in addition to its total net assets, the Fund would be subject to investment exposure on the notional amount of the CDS. Because F-8 AIM Short Term Bond Fund G. SWAP AGREEMENTS - (CONTINUED) the CDS is a bilateral agreement between Counterparties, the transaction can alternatively be settled by a cash payment in the case of a credit event. Changes in the value of swap agreements are recognized as unrealized gains (losses) in the Statement of Operations by "marking to market" on a daily basis to reflect the value of the swap agreement at the end of each trading day. The Fund accrues for the fixed payments on swap agreements on a daily basis with the net amount accrued recorded as a component of realized gain (loss) on the Statement of Operations. A liquidation payment received or made at the termination of a swap agreement is recorded as realized gain (loss) on the Statement of Operations. The Fund segregates liquid securities having a value at least equal to the amount of the potential obligation of a Fund under any swap transaction. .Entering into these agreements involves, to varying degrees, lack of liquidity and elements of credit, market, and counterparty risk in excess of amounts recognized on the Statement of Assets and Liabilities. H. COLLATERAL - To the extent the Fund has pledged or segregated a security as collateral and that security is subsequently sold, it is the Fund's practice to replace such collateral no later than the next business day. This practice does not apply to securities pledged as collateral for securities lending transactions. NOTE 2--INVESTMENTS IN AFFILIATES The Fund is permitted, pursuant to procedures approved by the Board of Trustees, to invest daily available cash balances and cash collateral from securities lending transactions in affiliated money market funds. The Fund and the money market funds below have the same investment advisor and therefore, are considered to be affiliated. The tables below show the transactions in and earnings from investments in affiliated money market funds for the three months ended October 31, 2006. INVESTMENTS OF DAILY AVAILABLE CASH BALANCES:
CHANGE IN UNREALIZED VALUE PURCHASES PROCEEDS APPRECIATION VALUE DIVIDEND REALIZED FUND 07/31/06 AT COST FROM SALES (DEPRECIATION) 10/31/06 INCOME GAIN (LOSS) - ---- ---------- ----------- ------------ -------------- ---------- -------- ----------- Liquid Assets Portfolio - Institutional Class $ 705,544 $13,726,114 $(13,364,524) $-- $1,067,134 $10,147 $-- Premier Portfolio- Institutional Class 705,544 13,726,114 (13,364,524) -- 1,067,134 10,073 -- ---------- ----------- ------------ --- ---------- ------- --- SUBTOTAL $1,411,088 $27,452,228 $(26,729,048) $-- $2,134,268 $20,220 $-- ========== =========== ============ === ========== ======= ===
INVESTMENTS OF CASH COLLATERAL FROM SECURITIES LENDING TRANSACTIONS:
CHANGE IN UNREALIZED VALUE PURCHASES PROCEEDS APPRECIATION VALUE DIVIDEND REALIZED FUND 07/31/06 AT COST FROM SALES (DEPRECIATION) 10/31/06 INCOME* GAIN (LOSS) - ---- ---------- ----------- ------------ -------------- ---------- -------- ----------- Liquid Assets Portfolio - Institutional Class $ -- $ -- $ -- $-- $ -- $ 1,750 $-- STIC Prime Portfolio- Institutional Class -- -- -- -- -- 1,751 -- ---------- ----------- ------------ --- ---------- ------- --- SUBTOTAL $ -- $ -- $ -- $-- $ -- $ 3,501 $-- ---------- ----------- ------------ --- ---------- ------- --- TOTAL INVESTMENTS IN AFFILIATES $1,411,088 $27,452,228 $(26,729,048) $-- $2,134,268 $23,721 $-- ========== =========== ============ === ========== ======= ===
* Net of compensation to counterparties. F-9 AIM Short Term Bond Fund NOTE 3 -- FUTURES CONTRACTS On October 31, 2006, $1,954,651 principal amount of U.S. mortgaged-backed securities were pledged as collateral to cover margin requirements for open futures contracts. OPEN FUTURES CONTRACTS AT PERIOD END
UNREALIZED NUMBER OF MONTH/ VALUE APPRECIATION CONTRACT CONTRACTS COMMITMENT 10/31/06 (DEPRECIATION) -------- --------- ------------ ------------ -------------- U.S. Treasury 2 Year Notes 291 Dec-06/Long $ 59,482,219 $114,898 Eurodollar GLOBLEX2 etrading 47 Mar-07/Long 11,136,650 (13,663) ------------ -------- 70,618,869 101,235 ------------ -------- Eurodollar GLOBLEX2 etrading 70 Dec-07/Short (16,667,875) (28,224) ------------ -------- $ 53,950,994 $ 73,011 ============ ========
NOTE 4 -- OPTION CONTRACTS WRITTEN TRANSACTIONS DURING THE PERIOD
CALL OPTION CONTRACTS --------------------- NUMBER OF PREMIUMS CONTRACTS RECEIVED --------- -------- Beginning of period 31 $ 6,142 Expired (31) (6,142) --- ------- End of period -- $ -- === =======
NOTE 5 -- CREDIT DEFAULT SWAPS OPEN CREDIT DEFAULT SWAP AGREEMENTS AT PERIOD-END
NOTIONAL UNREALIZED BUY/SELL PAY/RECEIVE EXPIRATION AMOUNT APPRECIATION COUNTERPARTY REFERENCE ENTITY PROTECTION FIXED RATE DATE (000) (DEPRECIATION) - ------------ ---------------- ---------- ----------- ---------- -------- -------------- Lehman Brothers, Inc. Catellus Development Corp. Buy 0.40% 12/20/2011 $2,600 $(3,262)
F-10 AIM Short Term Bond Fund NOTE 6 -- PORTFOLIO SECURITIES LOANED The Fund may lend portfolio securities having a market value up to one-third of the Fund's total assets. Such loans are secured by collateral equal to no less than the market value of the loaned securities determined daily. Such collateral will be cash or debt securities issued or guaranteed by the U.S. Government or any of its agencies. Cash collateral received in connection with these loans is invested in short-term money market instruments or affiliated money market funds. It is the Fund's policy to obtain additional collateral from or return excess collateral to the borrower by the end of the next business day, following the valuation date of the securities loaned. Therefore, the value of the collateral held may be temporarily less than the value of the securities on loan. Lending securities entails a risk of loss to the Fund if and to the extent that the market value of the securities loaned were to increase and the borrower did not increase the collateral accordingly, and the borrower fails to return the securities. The Fund could also experience delays and costs in gaining access to the collateral. The Fund bears the risk of any deficiency in the amount of the collateral available for return to the borrower due to any loss on the collateral invested. At October 31, 2006, there were no securities on loan to brokers. For the three months ended October 31, 2006, the Fund received dividends on cash collateral investments of $3,501 for securities lending transactions, which are net of compensation to counterparties. NOTE 7 -- INVESTMENT SECURITIES The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the three months ended October 31, 2006 was $33,926,346 and $57,345,242, respectively. During the same period, purchases and sales of U.S. Treasury obligations were $3,565,758 and $5,453,231, respectively. For interim reporting periods, the cost of investments for tax purposes includes reversals of certain tax items, such as, wash sales that have occurred since the prior fiscal year-end. UNREALIZED APPRECIATION (DEPRECIATION) OF INVESTMENT SECURITIES ON A TAX BASIS Aggregate unrealized appreciation of investment securities $ 1,715,353 Aggregate unrealized (depreciation) of investment securities (850,360) Net unrealized appreciation of investment securities $ 864,993
Cost of investments for tax purposes is $172,462,753. F-11 AIM Total Return Bond Fund Quarterly Schedule of Portfolio Holdings - October 31, 2006 (AIM YOUR GOALS. INVESTMENTS OUR SOLUTIONS.(R) (R) LOGO) AIMinvestments.com TRB-QTR-1 10/06 A I M Advisors, Inc. AIM Total Return Bond Fund SCHEDULE OF INVESTMENTS October 31, 2006 (Unaudited)
PRINCIPAL AMOUNT VALUE ----------- ------------ BONDS & NOTES-84.35% AEROSPACE & DEFENSE-0.39% Systems 2001 Asset Trust LLC (United Kingdom)-Series 2001, Class G, Pass Through Ctfs., (INS-MBIA Insurance Corp.) 6.66%, 09/15/13 (Acquired 02/09/05-10/27/05; Cost $1,303,635)(a)(b)(c) $ 1,200,550 $ 1,264,581 ------------ APPAREL RETAIL-0.27% Gap Inc. (The), Unsec. Notes, 6.90%, 09/15/07(c) 850,000 858,819 ------------ APPLICATION SOFTWARE-0.04% Reynolds and Reynolds Co. (The)-Class A, Sr. Unsec. Unsub. Notes, 7.00%, 12/15/06(c) 120,000 120,011 ------------ ASSET MANAGEMENT & CUSTODY BANKS-1.72% Bank of New York Co. Inc. (The), Sr. Unsec. Sub. Notes, 4.25%, 09/04/12(c) 355,000 351,436 Bank of New York Institutional Capital Trust-Series A, Trust Pfd. Bonds, 7.78%, 12/01/26 (Acquired 06/12/03; Cost $238,542)(a)(c) 200,000 208,478 GAMCO Investors, Inc., Sr. Unsec. Unsub. Notes, 5.22%, 02/17/07(c) 725,000 724,123 Janus Capital Group Inc., Sr. Unsec. Notes, 7.00%, 11/01/06(c) 1,481,000 1,480,763 Mellon Capital II-Series B, Jr. Gtd. Sub. Trust Pfd. Bonds, 8.00%, 01/15/27(c) 2,170,000 2,267,454 Nuveen Investments, Inc., Sr. Unsec. Sub. Notes, 5.50%, 09/15/15(c) 485,000 475,208 ------------ 5,507,462 ------------ AUTOMOBILE MANUFACTURERS-1.15% DaimlerChrysler North America Holding Corp., Gtd. Floating Rate Global Notes, 5.64%, 03/07/07(c)(d) 1,110,000 1,110,396 Notes, 4.13%, 03/07/07(c) 2,600,000 2,588,248 ------------ 3,698,644 ------------ BROADCASTING & CABLE TV-6.15% CBS Corp., Sr. Unsec. Gtd. Global Notes, 5.63%, 05/01/07(c) 4,130,000 4,132,271 Clear Channel Communications, Inc., Sr. Unsec. Global Notes, 6.00%, 11/01/06(c) 1,453,000 1,453,015 Sr. Unsec. Notes, 3.13%, 02/01/07(c) 1,389,000 1,379,999
PRINCIPAL AMOUNT VALUE ----------- ------------ BROADCASTING & CABLE TV-(CONTINUED) Comcast Cable Communications Holdings Inc., Unsec. Gtd. Global Notes, 9.46%, 11/15/22(c) $ 1,600,000 $ 2,095,360 Unsec. Unsub. Global Notes, 8.38%, 05/01/07(c) 950,000 963,499 Comcast Corp., Sr. Sub. Deb., 10.63%, 07/15/12(c) 1,220,000 1,489,608 Cox Communications, Inc., Medium Term Notes, 7.03%, 11/06/06(c) 1,500,000 1,500,135 Cox Enterprises, Inc., Notes, 8.00%, 02/15/07 (Acquired 10/03/05-10/25/06; Cost $5,772,622)(a)(c) 5,620,000 5,653,889 Time Warner Entertainment Co. L.P., Sr. Unsec. Deb., 8.38%, 03/15/23(c) 860,000 1,020,184 ------------ 19,687,960 ------------ CASINOS & GAMING-2.45% Caesars Entertainment, Inc., Sr. Unsec. Notes, 8.50%, 11/15/06(c) 5,600,000 5,607,112 Harrah's Operating Co., Inc., Unsec. Gtd. Global Notes, 7.13%, 06/01/07(c) 2,224,000 2,235,943 ------------ 7,843,055 ------------ COMPUTER HARDWARE-0.06% Hewlett-Packard Co., Global Notes, 5.75%, 12/15/06(c) 180,000 180,038 ------------ CONSUMER FINANCE-1.55% Capital One Capital I, Sub. Floating Rate Trust Pfd. Bonds, 7.04%, 02/01/27 (Acquired 09/15/04-04/12/06; Cost $2,587,792)(a)(c)(d) 2,560,000 2,581,581 Ford Motor Credit Co., Sr. Unsec. Notes, 4.95%, 01/15/08(c) 2,440,000 2,384,929 ------------ 4,966,510 ------------ DEPARTMENT STORES-0.49% JC Penney Corp. Inc., Unsec. Deb., 8.13%, 04/01/27(c) 1,510,000 1,568,044 ------------ DISTILLERS & VINTNERS-0.06% Diageo Finance BV (Netherlands), Unsec. Global Gtd. Notes, 3.00%, 12/15/06(c) 190,000 189,510 ------------ DIVERSIFIED BANKS-5.55% Bangkok Bank PCL (Hong Kong), Unsec. Sub. Notes, 9.03%, 03/15/29 (Acquired 04/22/05; Cost $939,015)(a)(c) 750,000 923,925
F-1 AIM Total Return Bond Fund
PRINCIPAL AMOUNT VALUE ----------- ------------ DIVERSIFIED BANKS-(CONTINUED) BankAmerica Institutional-Series A, Gtd. Trust Pfd. Bonds, 8.07%, 12/31/26 (Acquired 09/26/06; Cost $1,076,185)(a)(c) $ 1,030,000 $ 1,076,381 BankBoston Capital Trust II-Series B, Gtd. Trust Pfd. Bonds, 7.75%, 12/15/26(c) 3,520,000 3,670,445 Barclays Bank PLC (United Kingdom), Floating Rate Global Notes, 4.53%, 08/08/07 (Acquired 04/06/06; Cost $696,367)(a)(c)(d) 700,000 700,252 Centura Capital Trust I, Gtd. Trust Pfd. Notes, 8.85%, 06/01/27 (Acquired 05/22/03; Cost $379,629)(a)(c) 300,000 318,345 First Empire Capital Trust I, Gtd. Trust Pfd. Notes, 8.23%, 02/01/27(c) 195,000 204,309 First Union Institutional Capital I, Gtd. Trust Pfd. Bonds, 8.04%, 12/01/26(c) 1,200,000 1,252,752 Lloyds Bank PLC (United Kingdom)-Series 1, Unsec. Sub. Floating Rate Euro Notes, 5.75% (c)(d)(e) 300,000 264,102 Mizuho Financial Group Cayman Ltd. (Cayman Islands), Gtd. Sub. Second Tier Euro Bonds, 8.38% (c)(e) 725,000 767,974 National Bank of Canada (Canada), Floating Rate Euro Deb., 5.63%, 08/29/87(c)(d) 70,000 57,282 National Westminster Bank PLC (United Kingdom)-Series B, Unsec. Sub. Floating Rate Euro Notes, 5.69% (c)(d)(e) 100,000 86,460 NBD Bank N.A. Michigan, Unsec. Sub. Deb., 8.25%, 11/01/24(c) 205,000 257,742 RBS Capital Trust III, Sub. Trust Pfd. Global Notes, 5.51% (c)(e) 330,000 324,971 Sumitomo Mitsui Banking Corp. (Japan), Sub. Second Tier Euro Notes, 8.15% (c)(e) 1,700,000 1,774,549 Svenska Handelsbanken A.B. (Sweden), Unsec. Sub. Notes, 7.13% (Acquired 07/26/06-10/17/06; Cost $4,991,982)(a)(c)(e) 4,960,000 5,014,907 VTB Capital S.A. (Russia), Sr. Floating Rate Notes, 6.14%, 09/21/07 (Acquired 12/14/05; Cost $1,090,000)(a)(c)(d) 1,090,000 1,093,134 ------------ 17,787,530 ------------ DIVERSIFIED CHEMICALS-0.46% Bayer Corp., Bonds, 6.20%, 02/15/08 (Acquired 08/01/06-10/11/06; Cost $936,536)(a)(c) 930,000 941,997 Hercules Inc., Unsec. Putable Deb., 6.60%, 08/01/07(c) 540,000 540,243 ------------ 1,482,240 ------------ DIVERSIFIED METALS & MINING-0.29% Reynolds Metals Co., Medium Term Notes, 7.00%, 05/15/09(c) 909,000 930,043 ------------
PRINCIPAL AMOUNT VALUE ----------- ------------ DIVERSIFIED REIT'S-0.28% Liberty Property L.P., Sr. Medium Term Notes, 6.95%, 12/01/06(c) $ 900,000 $ 900,972 ------------ ELECTRIC UTILITIES-2.19% Arizona Public Service Co., Sr. Sec. Notes, 6.75%, 11/15/06(c) 30,000 30,010 Commonwealth Edison Co., Unsec. Notes, 7.63%, 01/15/07(c) 1,450,000 1,453,784 FirstEnergy Corp.-Series A, Sr. Unsec. Unsub. Global Notes, 5.50%, 11/15/06(c) 1,033,000 1,033,000 Indiana Michigan Power Co.-Series C, Sr. Unsec. Notes, 6.13%, 12/15/06(c) 585,000 585,474 Northeast Utilities-Series A, Notes, 8.58%, 12/01/06(c) 248,400 248,864 Portland General Electric Co.-Series 4, Sec. First Mortgage Medium Term Notes, 7.15%, 06/15/07(c) 300,000 302,436 Potomac Electric Power Co.-Series A, Medium Term Notes, 7.64%, 01/17/07(c) 930,000 933,283 PP&L Capital Funding Inc.-Series D, Unsec. Gtd. Medium Term Notes, 8.38%, 06/15/07(c) 575,000 584,936 Southern Co. Capital Trust I, Gtd. Trust Pfd. Notes, 8.19%, 02/01/37(c) 1,760,000 1,842,157 ------------ 7,013,944 ------------ FERTILIZERS & AGRICULTURAL CHEMICALS-0.58% Potash Corp. of Saskatchewan Inc. (Canada), Unsec. Unsub. Yankee Notes, 7.13%, 06/15/07(c) 1,840,000 1,858,694 ------------ FOOD RETAIL-2.01% Safeway Inc., Sr. Unsec. Notes, 4.80%, 07/16/07(c) 6,475,000 6,448,712 ------------ FOREST PRODUCTS-1.16% Weyerhaeuser Co., Unsec. Unsub. Global Notes, 6.13%, 03/15/07(c) 3,719,000 3,727,256 ------------ GAS UTILITIES-0.86% Consolidated Natural Gas Co.-Series B, Sr. Unsec. Unsub. Notes, 5.38%, 11/01/06(c) 2,755,000 2,754,532 ------------ GOLD-0.10% Barrick Gold Finance Co. (Canada), Unsec. Gtd Yankee. Deb, 7.50%, 05/01/07(c) 305,000 308,382 ------------ HOME IMPROVEMENT RETAIL-0.28% Sherwin-Williams Co. (The), Sr. Notes, 6.85%, 02/01/07(c) 900,000 902,943 ------------ HOMEBUILDING-0.35% D.R. Horton, Inc., Sr. Unsec. Gtd. Notes, 7.50%, 12/01/07(c) 775,000 790,314 Sr. Unsec. Notes,
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-2 AIM Total Return Bond Fund
PRINCIPAL AMOUNT VALUE ----------- ------------ HOMEBUILDING-(CONTINUED) 7.88%, 08/15/11(c) $ 300,000 $ 322,299 ------------ 1,112,613 ------------ HOTELS, RESORTS & CRUISE LINES-1.90% Hyatt Equities LLC, Notes, 6.88%, 06/15/07 (Acquired 01/25/06-08/02/06; Cost $2,156,864)(a)(c) 2,120,000 2,132,805 Starwood Hotels & Resorts Worldwide, Inc., Sr. Gtd. Global Notes, 7.38%, 05/01/07(c) 3,925,000 3,954,437 ------------ 6,087,242 ------------ HOUSEWARES & SPECIALTIES-0.62% Newell Rubbermaid Inc., Unsec. Notes, 6.00%, 03/15/07(c) 2,000,000 2,002,880 ------------ INDEPENDENT POWER PRODUCERS & ENERGY TRADERS-0.04% TXU Australia Holdings Partnership L.P. (Australia), Sr. Unsec. Unsub. Notes, 6.75%, 12/01/06 (Acquired 12/07/05; Cost $121,759)(a)(c) 120,000 120,102 ------------ INDUSTRIAL CONGLOMERATES-0.30% Tyco International Group S.A. Participation Certificate Trust, Unsec. Notes, 4.44%, 06/15/07 (Acquired 10/26/06; Cost $962,851)(a)(c) 970,000 965,771 ------------ INDUSTRIAL REIT'S-1.29% First Industrial L.P., Medium Term Notes, 7.00%, 12/01/06(c) 4,120,000 4,124,285 Unsec. Notes, 7.60%, 05/15/07(c) 20,000 20,202 ------------ 4,144,487 ------------ INSURANCE BROKERS-1.55% Aon Corp., Unsec. Notes, 6.95%, 01/15/07(c) 1,840,000 1,844,618 Marsh & McLennan Cos., Inc., Sr. Unsec. Global Notes, 5.38%, 03/15/07(c) 3,140,000 3,137,551 ------------ 4,982,169 ------------ INTEGRATED OIL & GAS-1.81% ConocoPhillips, Unsec. Deb., 7.13%, 03/15/28(c) 115,000 119,949 Husky Oil Ltd. (Canada), Sr. Unsec. Yankee Notes, 7.13%, 11/15/06(c) 3,010,000 3,011,595 Yankee Bonds, 8.90%, 08/15/28(c) 2,420,000 2,544,025 Occidental Petroleum Corp., Notes, 4.00%, 11/30/07(c) 120,000 118,494 ------------ 5,794,063 ------------
PRINCIPAL AMOUNT VALUE ----------- ------------ INTEGRATED TELECOMMUNICATION SERVICES-5.52% AT&T Corp., Unsec. Notes, 7.75%, 03/01/07(c) $ 140,000 $ 141,049 Central Telephone Co.-Series 2, Sec. First Mortgage Medium Term Notes, 7.04%, 09/21/07(c) 1,985,000 2,010,467 SBC Communications Capital Corp.-Series D, Medium Term Notes, 6.68%, 11/28/07(c) 1,440,000 1,459,598 SBC Communications Inc., Notes, 4.21%, 06/05/21 (Acquired 09/29/06; Cost $198,078)(a)(c) 200,000 199,031 Southwestern Bell Telephone Co., Unsec. Notes, 6.38%, 11/15/07(c) 102,000 103,032 TCI Communications Financing III, Gtd. Trust Pfd. Bonds, 9.65%, 03/31/27(c) 3,700,000 3,940,907 TELUS Corp. (Canada), Yankee Notes, 7.50%, 06/01/07(c) 5,383,000 5,443,451 Verizon Communications Inc., Unsec. Deb., 8.75%, 11/01/21(c) 589,000 709,274 7.90%, 02/01/27(c) 1,400,000 1,456,476 Verizon New York Inc., Unsec. Deb., 7.00%, 670,000 683,802 12/01/33(c) Verizon Virginia Inc.-Series A, Unsec. Global Deb., 4.63%, 03/15/13(c) 1,616,000 1,521,642 ------------ 17,668,729 ------------ INTERNET RETAIL-0.27% Expedia, Inc., Putable Bonds, 7.46%, 08/15/13 (Acquired 08/16/06; Cost $835,000)(a)(c) 835,000 879,956 ------------ INVESTMENT BANKING & BROKERAGE-0.35% Jefferies Group, Inc.-Series B, Sr. Unsec Notes, 7.50%, 08/15/07(c) 1,105,000 1,121,951 ------------ LEISURE PRODUCTS-0.78% Brunswick Corp., Unsec. Notes, 6.75%, 12/15/06(c) 2,500,000 2,503,200 ------------ LIFE & HEALTH INSURANCE-1.75% Prudential Holdings, LLC-Series B, Bonds, (INS-Financial Security Assurance Inc.) 7.25%, 12/18/23 (Acquired 01/22/04-02/17/06; Cost $2,964,709)(a)(b)(c) 2,510,000 2,936,901 Sun Life Canada (U.S.) Capital Trust, Gtd. Trust Pfd. Notes, 8.53% (Acquired 02/13/06; Cost $1,866,863)(a)(c)(e) 1,740,000 1,839,110 Torchmark Corp., Notes, 6.25%, 12/15/06(c) 820,000 820,607 ------------ 5,596,618 ------------ MANAGED HEALTH CARE-0.47% Cigna Corp., Notes, 8.25%, 01/01/07(c) 1,000,000 1,004,230
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-3 AIM Total Return Bond Fund
PRINCIPAL AMOUNT VALUE ----------- ------------ MANAGED HEALTH CARE-(CONTINUED) Unsec. Notes, 7.40%, 05/15/07(c) $ 490,000 $ 494,905 ------------ 1,499,135 ------------ METAL & GLASS CONTAINERS-0.07% Pactiv Corp., Unsec. Notes, 8.00%, 04/15/07(c) 215,000 217,421 ------------ MORTGAGE REIT'S-0.13% iStar Financial Inc.-Series B, Sr. Floating Rate Global Notes, 6.64%, 03/12/07(c)(d) 400,000 401,708 ------------ MOVIES & ENTERTAINMENT-2.72% News America Holdings Inc., Sr. Unsec. Gtd. Deb., 7.75%, 12/01/45(c) 1,270,000 1,433,259 Time Warner Cos., Inc., Notes, 8.18%, 08/15/07(c) 2,065,000 2,108,633 Unsec. Deb., 9.15%, 02/01/23(c) 1,400,000 1,746,164 Time Warner Inc., Sr. Unsec. Gtd. Global Notes, 6.15%, 05/01/07(c) 3,413,000 3,422,829 ------------ 8,710,885 ------------ MULTI-LINE INSURANCE-1.08% Liberty Mutual Insurance Co., Notes, 8.20%, 05/04/07 (Acquired 03/21/06-07/28/06; Cost $2,597,145)(a)(c) 2,530,000 2,563,269 Loews Corp., Unsec. Notes, 6.75%, 12/15/06(c) 140,000 140,183 Unitrin Inc., Sr. Unsec. Notes, 5.75%, 07/01/07(c) 750,000 750,893 ------------ 3,454,345 ------------ MULTI-UTILITIES-3.55% Ameren Corp., Bonds, 4.26%, 05/15/07(c) 1,640,000 1,629,192 Dominion Capital Trust I, Jr. Unsec. Gtd. Trust Pfd. Bonds, 7.83%, 12/01/27(c) 1,430,000 1,490,932 Dominion Resources, Inc.-Series G, Sr. Notes, 3.66%, 11/15/06(c) 1,420,000 1,419,020 Nisource Finance Corp., Sr. Unsec. Gtd. Notes, 3.20%, 11/01/06(c) 90,000 89,987 Nisource Inc., Sr. Unsec. Deb., 3.63%, 11/01/06(c) 410,000 409,938 PSI Energy, Inc., Unsec. Deb., 7.85%, 10/15/07(c) 370,000 378,214 Sempra Energy, Sr. Notes, 4.62%, 05/17/07(c) 420,000 418,253 Southwestern Public Service Co.-Series B, Sr. Unsec. Notes, 5.13%, 11/01/06(c) 1,840,000 1,839,724 SPI Electricity Pty Ltd (Australia), Sr. Unsec. Unsub. Notes, 6.75%, 12/01/06 (Acquired 06/22/06; Cost $602,130)(a)(c) 600,000 600,720 TE Products Pipeline Co., Sr. Unsec. Notes, 6.45%, 01/15/08(c) 300,000 300,009
PRINCIPAL AMOUNT VALUE ----------- ------------ MULTI-UTILITIES-(CONTINUED) Virginia Electric and Power Co.-Series A, Sr. Unsec. Unsub. Notes, 5.38%, 02/01/07(c) $ 2,495,000 $ 2,493,678 Wisconsin Electric Power Co., Unsec. Deb., 6.63%, 11/15/06(c) 305,000 305,107 ------------ 11,374,774 ------------ OFFICE REIT'S-0.54% Spieker Properties, Inc., Unsec. Unsub. Notes, 7.13%, 12/01/06(c) 1,730,000 1,731,990 ------------ OIL & GAS EXPLORATION & PRODUCTION-0.97% Pemex Project Funding Master Trust, Sr. Unsec. Gtd. Notes, 5.75%, 12/15/15 (Acquired 01/26/06; Cost $603,223)(a)(c) 610,000 602,070 Unsec. Gtd. Unsub. Global Notes, 5.75%, 12/15/15(c) 725,000 715,575 8.63%, 02/01/22(c) 1,075,000 1,308,866 Varco International Inc., Sr. Unsec. Gtd. Notes, 7.50%, 02/15/08(c) 455,000 466,066 ------------ 3,092,577 ------------ OIL & GAS REFINING & MARKETING-0.16% Western Power Distribution Holdings Ltd. (United Kingdom), Unsec. Unsub. Notes, 7.38%, 12/15/28 (Acquired 01/25/05-03/03/05; Cost $506,456)(a)(c) 450,000 502,313 ------------ OTHER DIVERSIFIED FINANCIAL SERVICES-9.37% BankAmerica Capital II-Series 2, Jr. Unsec. Gtd. Sub. Trust Pfd. Notes, 8.00%, 12/15/26(c) 819,000 855,003 BankBoston Capital Trust IV-Series B, Gtd. Trust Pfd. Bonds, 8.25%, 12/15/26(c) 500,000 522,895 Barnett Capital II, Gtd. Trust Pfd. Bonds, 7.95%, 12/01/26(c) 1,210,000 1,262,720 Countrywide Capital I, Gtd. Trust Pfd. Notes, 8.00%, 12/15/26(c) 2,240,000 2,251,693 General Electric Capital Corp., Unsec. Floating Rate Putable Deb., 5.09%, 09/01/07(c)(d) 1,115,000 1,110,233 JPM Capital Trust I, Gtd. Trust Pfd. Notes, 7.54%, 01/15/27(c) 5,314,000 5,541,599 Mantis Reef Ltd. (Australia), Notes, 4.69%, 11/14/08 (Acquired 08/11/06-08/31/06; Cost $2,106,699)(a)(c) 2,150,000 2,117,685 Mizuho JGB Investment LLC-Series A, Sub. Bonds, 9.87% (Acquired 06/16/04-03/03/06; Cost $3,447,337)(a)(c)(e) 3,100,000 3,308,878 NB Capital Trust II, Gtd. Sub. Trust Pfd. Notes, 7.83%, 12/15/26(c) 877,000 914,913 Pemex Finance Ltd. (Mexico), Sr. Unsec. Global Notes, 8.02%, 05/15/07(c) 698,750 703,753
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-4 AIM Total Return Bond Fund
PRINCIPAL AMOUNT VALUE ----------- ------------ OTHER DIVERSIFIED FINANCIAL SERVICES -(CONTINUED) Series 1999-2, Class A1, Global Bonds, 9.69%, 08/15/09(c) $ 2,796,000 $ 2,953,275 Premium Asset Trust-Series 2004-04, Sr. Notes, 4.13%, 03/12/09 (Acquired 03/04/04-11/29/04; Cost $248,281)(a)(c) 250,000 231,378 Progress Capital Holdings, Inc., Medium Term Notes, 7.17%, 11/01/06 (Acquired 12/14/05; Cost $508,260)(a)(c) 500,000 499,925 Regional Diversified Funding (Cayman Islands), Sr. Notes, 9.25%, 03/15/30 (Acquired 01/10/03-02/02/06; Cost $1,645,840)(a)(c) 1,433,333 1,642,543 Class A-1a, Sr. Floating Rate Notes, 5.71%, 01/25/36 (Acquired 03/21/05; Cost $493,302)(a)(c)(d)(f) 493,302 480,111 Residential Capital Corp., Sr. Unsec. Floating Rate Global Notes, 6.74%, 06/29/07(c)(d) 1,380,000 1,387,313 St. George Funding Co. LLC (Australia), Bonds, 8.49% (Acquired 10/20/06; Cost $354,095)(a)(c)(e) 335,000 362,316 Textron Financial Corp.-Series E, Floating Rate Medium Term Notes, 6.99%, 12/01/07(c)(d) 650,000 657,689 Twin Reefs Pass-Through Trust, Floating Rate Pass Through Ctfs., 6.32% (Acquired 12/07/04-10/03/06; Cost $2,295,928)(a)(c)(d)(e) 2,300,000 2,304,158 UFJ Finance Aruba AEC (Aruba), Gtd. Sub. Second Tier Euro Bonds, 8.75% (c)(e) 400,000 422,616 Windsor Financing LLC, Sr. Gtd. Notes, 5.88%, 07/15/17 (Acquired 02/07/06; Cost $476,889)(a)(c) 476,889 475,525 ------------ 30,006,221 ------------ PACKAGED FOODS & MEATS-0.03% General Mills, Inc., Global Notes, 5.13%, 02/15/07(c) 111,000 110,885 ------------ PAPER PRODUCTS-0.03% International Paper Co., Unsec. Notes, 7.63%, 01/15/07(c) 103,000 103,404 ------------ PROPERTY & CASUALTY INSURANCE-5.14% ACE Ltd., Sr. Unsec. Yankee Notes, 6.00%, 04/01/07(c) 870,000 872,062 CNA Financial Corp., Sr. Unsec. Notes, 6.75%, 11/15/06(c) 1,255,000 1,255,452 6.45%, 01/15/08(c) 1,955,000 1,977,267 Executive Risk Capital Trust-Series B, Gtd. Trust Pfd. Bonds, 8.68%, 02/01/27(c) 1,615,000 1,696,267 First American Capital Trust I, Gtd. Trust Pfd. Notes, 8.50%, 04/15/12(c) 2,445,000 2,612,409
PRINCIPAL AMOUNT VALUE ----------- ------------ PROPERTY & CASUALTY INSURANCE-(CONTINUED) Oil Casualty Insurance Ltd. (Bermuda), Unsec. Sub. Deb., 8.00%, 09/15/34 (Acquired 04/29/05-01/31/06; Cost $1,671,082)(a)(c) $ 1,592,000 $ 1,602,730 ------------ Oil Insurance Ltd. (Bermuda), Notes, 7.56% (Acquired 06/15/06; Cost $4,100,000)(a)(c)(e) 4,100,000 4,282,450 Safeco Corp., Unsec. Notes, 6.88%, 07/15/07(c) 320,000 323,139 St. Paul Travelers Cos., Inc. (The)-Series C, Medium Term Notes, 7.05%, 03/07/07(c) 800,000 804,224 Travelers Property Casualty Corp., Sr. Unsec. Notes, 6.75%, 11/15/06(c) 1,055,000 1,055,401 ------------ 16,481,401 ------------ PUBLISHING-1.36% Belo Corp., Sr. Unsec. Unsub. Notes, 7.13%, 06/01/07(c) 1,546,000 1,558,971 New York Times Co., Medium Term Notes, 4.63%, 06/25/07(c) 2,800,000 2,786,392 ------------ 4,345,363 ------------ RAILROADS-0.63% CSX Corp., Sr. Unsec. Deb., 7.45%, 05/01/07(c) 750,000 757,358 Norfolk Southern Corp., Sr. Notes, 7.35%, 05/15/07(c) 133,000 134,331 Union Pacific Corp., Unsec. Notes, 6.70%, 12/01/06(c) 1,130,000 1,131,130 ------------ 2,022,819 ------------ REAL ESTATE MANAGEMENT & DEVELOPMENT-1.00% Realogy Corp., Sr. Floating Rate Notes, 6.07%, 10/20/09 (Acquired 10/13/06; Cost $295,000)(a)(c)(d) 295,000 295,186 Sr. Notes, 6.50%, 10/15/16 (Acquired 10/13/06-10/16/06; Cost $986,069)(a)(c) 985,000 1,000,632 Southern Investments UK PLC (United Kingdom), Gtd. Trust Pfd. Yankee Notes, 8.23%, 02/01/27(c) 1,540,000 1,615,075 Sr. Unsec. Yankee Notes, 6.80%, 12/01/06(c) 285,000 285,296 ------------ 3,196,189 ------------ REGIONAL BANKS-3.26% Allfirst Financial Inc., Jr. Unsec. Sub. Notes, 7.20%, 07/01/07(c) 778,000 787,756 Cullen/Frost Capital Trust I, Unsec. Sub. Floating Rate Notes, 6.95%, 03/01/34(c)(d) 925,000 945,600 PNC Capital Trust C, Gtd. Floating Rate Trust Pfd. Bonds, 5.97%, 06/01/28(c)(d) 125,000 121,645
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-5 AIM Total Return Bond Fund
PRINCIPAL AMOUNT VALUE ----------- ------------ REGIONAL BANKS-(CONTINUED) PNC Institutional Capital Trust -Series A, Trust Pfd. Bonds, 7.95%, 12/15/26 (Acquired 10/03/06-10/17/06; Cost $1,647,111)(a)(c) $ 1,580,000 $ 1,649,552 Popular North America Inc.-Series F, Medium Term Notes, 5.20%, 12/12/07(c) 2,060,000 2,056,354 TCF National Bank, Sub. Notes, 5.00%, 06/15/14(c) 125,000 122,996 Western Financial Bank, Unsec. Sub. Deb., 9.63%, 05/15/12(c) 4,286,000 4,760,117 ------------ 10,444,020 ------------ REINSURANCE-0.71% Reinsurance Group of America, Inc., Jr. Unsec. Sub. Deb., 6.75%, 12/15/65(c) 820,000 815,318 Stingray Pass-Through Trust, Pass Through Ctfs., 5.90%, 01/12/15 (Acquired 01/07/05-11/03/05; Cost $1,466,120)(a)(c) 1,500,000 1,455,000 ------------ 2,270,318 ------------ RETAIL REIT'S-0.50% Developers Diversified Realty Corp., Sr. Medium Term Notes, 7.00%, 03/19/07(c) 1,580,000 1,588,753 ------------ SOFT DRINKS-0.12% Coca-Cola Femsa, S.A. de. C.V. (Mexico), Unsec. Unsub. Yankee Notes, 8.95%, 11/01/06(c) 400,000 401,500 ------------ SOVEREIGN DEBT-0.11% Russian Federation (Russia)-REGS, Unsec. Unsub. Euro Bonds, 10.00%, 06/26/07 (Acquired 05/14/04-05/18/04; Cost $388,744)(a)(c) 345,000 355,488 ------------ SPECIALIZED CONSUMER SERVICES-0.83% Block Financial Corp., Sr. Unsec. Gtd. Notes, 8.50%, 04/15/07(c) 2,630,000 2,664,137 ------------ SPECIALIZED REIT'S-0.96% Health Care Property Investors, Inc., Floating Rate Medium Term Notes, 5.84%, 09/15/08(c)(d) 910,000 910,431 Notes, 5.63%, 05/01/17(c) 270,000 260,126 Sr. Medium Term Notes, 6.30%, 09/15/16(c) 870,000 890,253 Health Care REIT, Inc., Sr. Notes, 5.88%, 05/15/15(c) 830,000 829,552 Sr. Unsec. Notes, 7.50%, 08/15/07(c) 180,000 182,731 ------------ 3,073,093 ------------ SPECIALTY CHEMICALS-1.30% ICI North America, Unsec. Gtd. Deb., 8.88%, 11/15/06(c) 2,000,000 2,002,000
PRINCIPAL AMOUNT VALUE ----------- ------------ SPECIALTY CHEMICALS-(CONTINUED) ICI Wilmington Inc., Gtd. Notes, 7.05%, 09/15/07(c) $ 2,129,000 $ 2,158,870 ------------ 4,160,870 ------------ TECHNOLOGY DISTRIBUTORS-0.40% Avnet, Inc., Unsec. Notes, 8.00%, 11/15/06(c) 1,273,000 1,273,025 ------------ THRIFTS & MORTGAGE FINANCE-1.01% Countrywide Home Loans, Inc.,-Series K, Gtd. Medium Term Global Notes, 5.50%, 02/01/07(c) 89,000 89,010 Dime Capital Trust I-Series A, Gtd. Trust Pfd. Notes, 9.33%, 05/06/27(c) 675,000 717,133 Great Western Financial Trust II-Series A, Jr. Sub. Gtd. Trust Pfd. Notes, 8.21%, 02/01/27(c) 800,000 837,720 Greenpoint Capital Trust I, Gtd. Sub. Trust Pfd. Notes, 9.10%, 06/01/27(c) 100,000 106,188 Washington Mutual Capital I, Gtd. Sub. Trust Pfd. Notes, 8.38%, 06/01/27(c) 1,400,000 1,474,144 ------------ 3,224,195 ------------ TOBACCO-0.87% Altria Group, Inc., Unsec. Notes, 7.20%, 02/01/07(c) 2,775,000 2,785,434 ------------ TRADING COMPANIES & DISTRIBUTORS-0.39% GATX Financial Corp., Sr. Notes, 7.75%, 12/01/06(c) 560,000 560,924 Series D, Medium Term Notes, 6.88%, 12/15/06(c) 680,000 680,966 ------------ 1,241,890 ------------ TRUCKING-0.17% Roadway Corp., Sr. Sec. Gtd. Global Notes, 8.25%, 12/01/08(c) 525,000 547,486 ------------ WIRELESS TELECOMMUNICATION SERVICES-1.85% Cingular Wireless LLC, Sr. Unsec. Global Notes, 5.63%, 12/15/06(c) 280,000 280,059 Sprint Capital Corp., Sr. Unsec. Gtd. Global Notes, 6.00%, 01/15/07(c) 2,485,000 2,486,640 Sprint Nextel Corp., Deb., 9.25%, 04/15/22(c) 1,674,000 2,059,237 US Unwired Inc.-Series B, Sr. Sec. Second Priority Global Notes, 10.00%, 06/15/12(c) 987,000 1,094,899 ------------ 5,920,835 ------------ Total Bonds & Notes (Cost $270,279,196) 270,182,137 ------------
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-6 AIM Total Return Bond Fund
PRINCIPAL AMOUNT VALUE ----------- ------------ U.S. MORTGAGE-BACKED SECURITIES-31.85% FEDERAL HOME LOAN MORTGAGE CORP. (FHLMC)-9.43% Pass Through Ctfs., 6.00%, 08/01/14 to 02/01/34(c) $ 3,006,886 $ 3,042,524 5.50%, 05/01/16 to 02/01/17(c) 98,522 98,915 6.50%, 05/01/16 to 10/01/34(c) 195,935 200,571 7.00%, 06/01/16 to 10/01/34(c) 184,479 190,068 7.50%, 04/01/17 to 03/01/32(c) 29,484 30,746 6.50%, 10/01/17 to 08/01/34(c) 657,551(g) 671,579 5.00%, 07/01/34(c) 1,868,105 1,808,928 Pass Through Ctfs., TBA, 4.50%, 12/01/21(c)(h) 3,102,000 2,996,338 5.00%, 12/01/36(c)(h) 8,470,000 8,181,491 5.50%, 12/01/36(c)(h) 9,642,751 9,531,257 6.00%, 12/01/36(c)(h) 3,441,000 3,462,506 ------------ 30,214,923 ------------ FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA)-19.76% Pass Through Ctfs., 7.50%, 11/01/15 to 08/01/36(c) 2,196,976 2,288,074 7.00%, 12/01/15 to 10/01/32(c) 373,710 386,722 6.50%, 05/01/16 to 10/01/35(c) 1,689,607 1,736,050 6.00%, 05/01/17 to 03/01/22(c) 404,510 407,020 5.00%, 03/01/18 to 02/01/19(c) 1,716,596 1,694,391 5.50%, 11/01/18(c) 939,969 943,056 8.00%, 08/01/21 to 08/01/31(c) 37,128 39,033 8.00%, 04/01/32(c) 59,136(g) 62,464 7.00%, 02/01/33(c) 226,017(g) 233,183 Pass Through Ctfs., TBA, 5.00%, 12/01/21(c)(h) 6,440,000 6,341,388 5.50%, 12/01/21 to 12/01/36(c)(h) 37,447,776 37,188,196 6.00%, 12/01/21 to 12/01/36(c)(h) 10,275,088 10,341,055 6.50%, 12/01/36(c)(h) 1,592,000 1,621,850 ------------ 63,282,482 ------------ GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (GNMA)-2.66% Pass Through Ctfs., 7.50%, 06/15/23 to 05/15/32(c) 181,551 189,394 8.50%, 02/15/25(c) 30,947 33,465 8.00%, 08/15/25(c) 6,687 7,085 7.00%, 04/15/28 to 08/15/36(c) 1,120,992 1,169,663 6.00%, 11/15/28 to 02/15/33(c) 609,591 619,055 6.50%, 01/15/29 to 06/15/36(c) 3,613,292 3,735,642 5.50%, 12/15/33 to 06/15/35(c) 2,057,057 2,049,959 5.00%, 07/15/35 to 08/15/35(c) 725,460 707,894 ------------ 8,512,157 ------------ Total U.S. Mortgage-Backed Securities (Cost $101,387,706) 102,009,562 ------------
PRINCIPAL AMOUNT VALUE ----------- ------------ ASSET-BACKED SECURITIES-4.22% ASSET-BACKED SECURITIES - CONSUMER RECEIVABLES-0.96% National City Auto Receivables Trust-Series 2004-A, Class A3, Pass Through Ctfs., 2.11%, 07/15/08(c) $ 340,830 $ 339,877 Wirefree Partners III CDO-Series 2005-1A, Notes, 6.00%, 11/17/19 (Acquired 10/12/06; Cost $2,730,459)(a) 2,760,000 2,728,563 ------------ 3,068,440 ------------ COLLATERALIZED MORTGAGE OBLIGATIONS-0.47% AmeriCredit Automobile Receivables Trust-Series 2002-D, Class A4, Pass Through Ctfs., (INS-Financial Security Assurance Inc.) 3.40%, 04/13/09(b)(c) 619,804 619,913 Federal Home Loan Bank-Series TQ-2015, Class A, Pass Through Ctfs., 5.07%, 10/20/15(c) 890,998 886,784 ------------ 1,506,697 ------------ MULTI-SECTOR HOLDINGS-0.09% Longport Funding Ltd.-Series 2005-2A, Class A1J, Floating Rate Bonds, 5.97%, 02/03/40 (Acquired 03/31/05; Cost $300,000)(a)(d)(f) 300,000 300,000 ------------ OTHER DIVERSIFIED FINANCIAL SERVICES-2.42% Citicorp Lease Pass-Through Trust -Series 1999-1, Class A2, Pass Through Ctfs., 8.04%, 12/15/19 (Acquired 08/20/02-01/26/06; Cost $3,438,936)(a)(c) 2,810,000 3,344,136 LILACS Repackaging 2005-I-Series A, Sr. Sec. Notes, 5.14%, 01/15/64 (Acquired 07/14/05; Cost $1,483,466)(a)(f) 1,483,466 1,448,575 Patrons' Legacy, 2004-I-Series A, Ctfs., 6.67%, 05/04/18 (Acquired 04/30/04-07/14/05; Cost $1,487,962)(a)(f) 1,458,333 1,468,279 2003-III-Series A, Ctfs., 5.65%, 04/17/18 (Acquired 11/04/04-06/28/06; Cost $1,480,605)(a)(f) 1,500,000 1,496,685 ------------ 7,757,675 ------------ PROPERTY & CASUALTY INSURANCE-0.28% North Front Pass-Through Trust, Pass Through Ctfs. Bonds, 5.81%, 12/15/24 (Acquired 12/08/04; Cost $900,000)(a)(c) 900,000 888,192 ------------ Total Asset-Backed Securities (Cost $13,621,053) 13,521,004 ------------
SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-7 AIM Total Return Bond Fund
SHARES VALUE ----------- ------------ PREFERRED STOCKS-1.55% LIFE & HEALTH INSURANCE-0.20% Aegon N.V., 6.38% Pfd. (Netherlands) 25,600 $ 649,728 ------------ OTHER DIVERSIFIED FINANCIAL SERVICES-0.24% Auction Pass-Through Trust -Series 2001-1, Class A, 5.55%, Pass Through Ctfs. (Acquired 10/03/06; Cost $750,000)(a)(d)(f)(i) 3 753,263 ------------ THRIFTS & MORTGAGE FINANCE-0.62% Fannie Mae, Series J, 4.72% Floating Rate Pfd., (d) 32,000 1,598,720 Series K, 5.40% Floating Rate Pfd., (d) 8,000 402,000 ------------ 2,000,720 ------------ WIRELESS TELECOMMUNICATION SERVICES-0.49% Telephone & Data Systems, Inc. -Series A, 7.60% Pfd. 63,000 1,579,410 ------------ Total Preferred Stocks (Cost $5,011,375) 4,983,121 ------------
PRINCIPAL AMOUNT ----------- MUNICIPAL OBLIGATIONS-1.14% Chicago (City of), Illinois O'Hare International Airport; Series 2004 E, Refunding Taxable General Airport Third Lien RB, (INS-MBIA Insurance Corp.) 3.88%, 01/01/08(b)(c) $ 1,000,000 987,020 Detroit (City of), Michigan; Series 2005 A-1, Taxable Capital Improvement Limited Tax GO (INS-Ambac Assurance Corp.), 4.96%, 04/01/20(b)(c) 390,000 368,757 Series 2005, Taxable COP (INS-Financial Guaranty Insurance Co.), 4.95%, 06/15/25(b)(c) 500,000 464,250 Indianapolis (City of), Indiana Local Public Improvement Bond Bank; Series 2005 A, Taxable RB, 4.87%, 07/15/16(c) 250,000 242,093 5.22%, 07/15/20(c) 325,000 319,361 5.28%, 01/15/22(c) 275,000 269,907 Industry (City of), California Urban Development Agency (Project 3); Series 2003, Taxable Allocation RB, (INS-MBIA Insurance Corp.) 6.10%, 05/01/24(b)(c) 450,000 462,447 Michigan (State of), Western Michigan University; Series 2005, Taxable RB, (INS-Ambac Assurance Corp.) 4.41%, 11/15/14(b)(c) 315,000 305,496 Phoenix (City of), Arizona Civic Improvement Corp.; Series 2004,
PRINCIPAL AMOUNT VALUE ----------- ------------ Taxable Rental Car Facility Charge RB (INS-Financial Guaranty Insurance Co.), 3.69%, 07/01/07(b)(c) $ 100,000 $ 98,918 4.21%, 07/01/08(b)(c) 125,000 123,164 ------------ Total Municipal Obligations (Cost $3,740,372) 3,641,413 ------------ U.S. GOVERNMENT AGENCY SECURITIES-0.25% FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA)-0.08% Unsec. Floating Rate Global Notes, 5.29%, 02/17/09(c)(d) 250,000 241,885 ------------ TENNESSEE VALLEY AUTHORITY-0.17% Unsec. Bonds, 7.14%, 05/23/12(c) 500,000 557,925 ------------ Total U.S. Government Agency Securities (Cost $791,781) 799,810 ------------ MONEY MARKET FUNDS-0.61% Liquid Assets Portfolio -Institutional Class (j) 975,370 975,370 Premier Portfolio -Institutional Class (j) 975,370 975,370 ------------ Total Money Market Funds (Cost $1,950,740) 1,950,740 ------------ TOTAL INVESTMENTS-123.97% (Cost $396,782,223) 397,087,787 OTHER ASSETS LESS LIABILITIES-(23.97)% (76,777,154) ------------ NET ASSETS-100.00% $320,310,633 ============
Investment Abbreviations: COP -- Certificates of Participation Ctfs. -- Certificates Deb. -- Debentures GO -- General Obligation Bonds Gtd. -- Guaranteed INS -- Insurer Jr. -- Junior LILACS -- Life Insurance and Life Annuities Backed Charitable Securities Pfd. -- Preferred RB -- Revenue Bonds REGS -- Regulation S REIT -- Real Estate Investment Trust Sec. -- Secured Sr. -- Senior Sub. -- Subordinated TBA -- To Be Announced Unsec. -- Unsecured Unsub. -- Unsubordinated SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-8 AIM Total Return Bond Fund Notes to Schedule of Investments: (a) Security not registered under the Securities Act of 1933, as amended (e.g., the security was purchased in a Rule 144A transaction or a Regulation D transaction). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The Fund has no rights to demand registration of these securities. The aggregate value of these securities at October 31, 2006 was $67,610,768, which represented 21.11% of the Fund's Net Assets. Unless otherwise indicated, these securities are not considered to be illiquid. (b) Principal and/or interest payments are secured by the bond insurance company listed. (c) In accordance with the procedures established by the Board of Trustees, security fair valued based on an evaluated quote provided by an independent pricing service. The aggregate value of these securities at October 31, 2006 was $382,711,824, which represented 119.48% of the Fund's Net Assets. See Note 1A. (d) Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on October 31, 2006. (e) Perpetual bond with no specified maturity date. (f) Security considered to be illiquid. The Fund is limited to investing 15% of net assets in illiquid securities at the time of purchase. The aggregate value of these securities considered illiquid at October 31, 2006 was $5,946,913, which represented 1.86% of the Fund's Net Assets. (g) All or a portion of the principal balance was pledged as collateral to cover margin requirements for open futures contracts. See Note 1E and Note 3. (h) Security purchased on forward commitment basis. This security is subject to dollar roll transactions. See Note 1D. (i) Security fair valued in good faith in accordance with the procedures established by the Board of Trustees. The value of this security at October 31, 2006 represented 0.24% of the Fund's Net Assets. See Note 1A. (j) The money market fund and the Fund are affiliated by having the same investment advisor. See Note 2. SEE ACCOMPANYING NOTES WHICH ARE AN INTEGRAL PART OF THIS SCHEDULE. F-9 AIM Total Return Bond Fund NOTES TO QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS October 31, 2006 (Unaudited) NOTE 1 -- SIGNIFICANT ACCOUNTING POLICIES A. SECURITY VALUATIONS - Securities, including restricted securities, are valued according to the following policy. A security listed or traded on an exchange (except convertible bonds) is valued at its last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded, or lacking any sales or official closing price on a particular day, the security may be valued at the closing bid price on that day. Securities traded in the over-the-counter market are valued based on the prices furnished by independent pricing services, in which case the securities may be considered fair valued, or by market makers. Futures contracts are valued at the final settlement price set by an exchange on which they are principally traded. Listed options are valued at the mean between the last bid and the ask prices from the exchange on which they are principally traded. Options not listed on an exchange are valued by an independent source at the mean between the last bid and ask prices. For purposes of determining net asset value per share, futures and option contracts generally are valued 15 minutes after the close of the customary trading session of the New York Stock Exchange ("NYSE"). Investments in open-end registered investment companies and closed-end registered investment companies that do not trade on an exchange are valued at the end of day net asset value per share. Investments in closed-end registered investment companies that trade on an exchange are valued at the last sales price as of the close of the customary trading session on the exchange where the security is principally traded. Debt obligations (including convertible bonds) are fair valued using an evaluated quote provided by an independent pricing service. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices, and may reflect appropriate factors such as institution-size trading in similar groups of securities, developments related to specific securities, dividend rate, yield, quality, type of issue, coupon rate, maturity, individual trading characteristics and other market data. Short-term obligations having 60 days or less to maturity and commercial paper are recorded at amortized cost which approximates value. Foreign securities (including foreign exchange contracts) are converted into U.S. dollar amounts using the applicable exchange rates as of the close of the NYSE. If market quotations are available and reliable for foreign exchange traded equity securities, the securities will be valued at the market quotations. Because trading hours for certain foreign securities end before the close of the NYSE, closing market quotations may become unreliable. If between the time trading ends on a particular security and the close of the customary trading session on the NYSE, events occur that are significant and may make the closing price unreliable, the Fund may fair value the security. If the event is likely to have affected the closing price of the security, the security will be valued at fair value in good faith using procedures approved by the Board of Trustees. Adjustments to closing prices to reflect fair value may also be based on a screening process of an independent pricing service to indicate the degree of certainty, based on historical data, that the closing price in the principal market where a foreign security trades is not the current value as of the close of the NYSE. Foreign securities meeting the approved degree of certainty that the price is not reflective of current value will be priced at the indication of fair value from the independent pricing service. Multiple factors may be considered by the independent pricing service in determining adjustments to reflect fair value and may include information relating to sector indices, ADRs and domestic and foreign index futures. Securities for which market prices are not provided by any of the above methods are valued based upon quotes furnished by independent sources and are valued at the last bid price in the case of equity securities and in the case of debt obligations, the mean between the last bid and asked prices. Securities for which market quotations are not readily available or are unreliable are valued at fair value as determined in good faith by or under the supervision of the Trust's officers following procedures approved by the Board of Trustees. Issuer specific events, market trends, bid/ask quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security's fair value. F-10 AIM Total Return Bond Fund B. SECURITIES TRANSACTIONS AND INVESTMENT INCOME -Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income is recorded on the accrual basis from settlement date. Dividend income is recorded on the ex-dividend date. Bond premiums and discounts are amortized and/or accreted for financial reporting purposes. Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of realized and unrealized gain (loss) from investment securities reported in the Statement of Operations and the Statement of Changes in Net Assets and the realized and unrealized net gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of the Fund's net asset value and, accordingly, they reduce the Fund's total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statement of Operations and Statement of Changes in Net Assets, or the net investment income per share and ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Fund and the advisor. The Fund allocates realized and unrealized capital gains and losses to a class based on the relative net assets of each class. The Fund allocates income to a class based on the relative value of the settled shares of each class. C. COUNTRY DETERMINATION - For the purposes of making investment selection decisions and presentation in the Schedule of Investments, AIM may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuer's securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America unless otherwise noted. D. DOLLAR ROLL TRANSACTIONS -The Fund may engage in dollar roll transactions with respect to mortgage-backed securities issued by GNMA, FNMA and FHLMC. In a dollar roll transaction, the Fund sells a mortgage-backed security held in the Fund to a financial institution such as a bank or broker-dealer, and simultaneously agrees to purchase a substantially similar security (same type, coupon and maturity) from the institution at an agreed upon price and future date. The mortgage-backed securities to be purchased will bear the same interest rate as those sold, but generally will be collateralized by different pools of mortgages with different prepayment histories. Based on the typical structure of dollar roll transactions by the Fund, fee income is agreed upon amongst the parties at the commencement of the dollar roll. This fee is amortized to income ratably over the term of the dollar roll. During the period between the sale and purchase settlement dates, the Fund will not be entitled to receive interest and principal payments on securities purchased and not yet settled. Proceeds of the sale may be invested in short-term instruments, and the income from these investments, together with any additional fee income received on the sale, could generate income for the Fund exceeding the yield on the security sold. Dollar roll transactions are considered borrowings under the Investment Company Act of 1940. At the time the Fund enters into the dollar roll, it will segregate liquid assets having a dollar value equal to the purchase price. Dollar roll transactions involve the risk that the market value of the securities retained by the Fund may decline below the price of the securities that the Fund has sold but is obligated to purchase under the agreement. In the event that the buyer of securities in a dollar roll transaction files for bankruptcy or becomes insolvent, the Fund's use of the proceeds from the sale of the securities may be restricted pending a determination by the other party, or its trustee or receiver, whether to enforce the Fund's obligation to purchase the securities. The return earned by the Fund with the proceeds of the dollar roll transaction may not exceed the return on the securities sold. E. FUTURES CONTRACTS - The Fund may purchase or sell futures contracts. Initial margin deposits required upon entering into futures contracts are satisfied by the segregation of specific securities as collateral for the account of the broker (the Fund's agent in acquiring the futures position). During the period the futures contracts are open, changes in the value of the contracts are recognized as unrealized gains or losses by "marking to market" on a daily basis to reflect the market value of the contracts at the end of each day's trading. Variation margin payments are received or made depending upon whether unrealized gains or losses are incurred. When the contracts are closed, the Fund recognizes a realized gain or loss equal to the difference between the proceeds from, or cost of, the closing transaction and the Fund's basis in the contract. If the Fund were unable to liquidate a futures contract and/or enter into an offsetting closing transaction, the Fund would continue to be subject to market risk with respect to the value of the contracts and continue to be required to maintain the margin deposits on the futures contracts. Risks may exceed amounts recognized in the Statement of Assets and Liabilities. F-11 AIM Total Return Bond Fund F. SWAP AGREEMENTS - The Fund may enter into various swap transactions, including interest rate, index, currency exchange rate and credit default swap contracts ("CDS") for investment purposes or to manage interest rate, currency or credit risk. Interest rate, index, and currency exchange rate swap agreements are two-party contracts entered into primarily to exchange the returns (or differentials in rates of returns) earned or realized on particular predetermined investments or instruments. The gross returns to be exchanged or "swapped" between the parties are calculated with respect to a notional amount, i.e., the return on or increase in value of a particular dollar amount invested at a particular interest rate, in a particular foreign currency, or in a "basket" of securities representing a particular index. A CDS is an agreement between two parties ("Counterparties") to exchange the credit risk of an issuer. A buyer of a CDS is said to buy protection by paying a fixed payment over the life of the agreement to the seller of the CDS. If a defined credit event occurs (such as payment default or bankruptcy), the Fund as a protection buyer would cease paying its fixed payment, the Fund would deliver the corresponding bonds, or other similar bonds issued by the same reference entity to the seller, and the seller would pay the full notional value, or the "par value", of the referenced obligation to the Fund. A seller of a CDS is said to sell protection and thus would receive the fixed payment stream. If a credit event occurs, the Fund as a protection seller would cease to receive the fixed payment stream, the Fund would pay the buyer the full notional value of the referenced obligation, and the Fund would receive the corresponding bonds or similar bonds issued by the same reference entity If no credit event occurs, the Fund receives the fixed payment over the life of the agreement. As the seller, the Fund would effectively add leverage to its portfolio because, in addition to its total net assets, the Fund would be subject to investment exposure on the notional amount of the CDS. Because the CDS is a bilateral agreement between Counterparties, the transaction can alternatively be settled by a cash payment in the case of a credit event. Changes in the value of swap agreements are recognized as unrealized gains (losses) in the Statement of Operations by "marking to market" on a daily basis to reflect the value of the swap agreement at the end of each trading day. The Fund accrues for the fixed payments on swap agreements on a daily basis with the net amount accrued recorded as a component of realized gain (loss) on the Statement of Operations. A liquidation payment received or made at the termination of a swap agreement is recorded as realized gain (loss) on the Statement of Operations. The Fund segregates liquid securities having a value at least equal to the amount of the potential obligation of a Fund under any swap transaction. Entering into these agreements involves, to varying degrees, lack of liquidity and elements of credit, market, and counterparty risk in excess of amounts recognized on the Statement of Assets and Liabilities. G. COVERED CALL OPTIONS - The Fund may write call options, including options on futures. A call option gives the purchaser of such option the right to buy, and the writer (the Fund) the obligation to sell, the underlying security at the stated exercise price during the option period. Written call options are recorded as a liability in the Statement of Assets and Liabilities. The amount of the liability is subsequently "marked-to-market" to reflect the current market value of the option written. If a written call option expires on the stipulated expiration date, or if the Fund enters into a closing purchase transaction, the Fund realizes a gain (or a loss if the closing purchase transaction exceeds the premium received when the option was written) without regard to any unrealized gain or loss on the underlying security, and the liability related to such option is extinguished. If a written option is exercised, the Fund realizes a gain or a loss from the sale of the underlying security and the proceeds of the sale are increased by the premium originally received. Realized gains and losses on these contracts are included in the Statement of Operations. A risk in writing a call option is that the Fund gives up the opportunity for profit if the market price of the security increases and the option is exercised. An option on a futures contract gives the holder the right to receive a cash "exercise settlement amount" equal to the difference between the exercise price of the option and the value of the underlying futures contract on the exercise date. The value of a futures contract fluctuates with changes in the market values of the securities underlying the futures contract. In writing futures contract options, the principal risk is that the Fund could bear a loss on the options that would be only partially offset (or not offset at all) by the increased value or reduced cost of underlying portfolio securities. Risks may exceed amounts recognized in the Statement of Assets and Liabilities. H. COLLATERAL - To the extent the Fund has pledged or segregated a security as collateral and that security is subsequently sold, it is the Fund's practice to replace such collateral no later than the next business day. F-12 AIM Total Return Bond Fund NOTE 2--INVESTMENTS IN AFFILIATES The Fund is permitted, pursuant to procedures approved by the Board of Trustees, to invest daily available cash balances in affiliated money market funds. The Fund and the money market funds below have the same investment advisor and therefore, are considered to be affiliated. The table below shows the transactions in and earnings from investments in affiliated money market funds for the three months ended October 31, 2006.
CHANGE IN UNREALIZED REALIZED VALUE PURCHASES PROCEEDS APPRECIATION VALUE DIVIDEND GAIN FUND 07/31/06 AT COST FROM SALES (DEPRECIATION) 10/31/06 INCOME (LOSS) - ---- -------- ----------- ------------ -------------- ---------- -------- -------- Liquid Assets Portfolio- Institutional Class $47,404 $30,034,743 $(29,106,777) $-- $ 975,370 $20,528 $-- Premier Portfolio- Institutional Class 47,404 30,034,743 (29,106,777) -- 975,370 20,459 -- ------- ----------- ------------ --- ---------- ------- --- TOTAL INVESTMENTS IN AFFILIATES $94,808 $60,069,486 $(58,213,554) $-- $1,950,740 $40,987 $-- ======= =========== ============ === ========== ======= ===
NOTE 3 -- FUTURES CONTRACTS On October 31, 2006, $942,703 principal amount of U.S. mortgage-backed obligations were pledged as collateral to cover margin requirements for open futures contracts. OPEN FUTURES CONTRACTS AT PERIOD END
UNREALIZED NUMBER OF MONTH/ VALUE APPRECIATION CONTRACT CONTRACTS COMMITMENT 10/31/06 (DEPRECIATION) -------- --------- ------------ ------------ -------------- Eurodollar GlobeX2 E-Trade 34 Mar-07/Long $ 8,056,300 $ (9,884) U.S. Treasury 2 year Notes 130 Dec-06/Long 26,572,813 55,691 U.S. Treasury 10 year Notes 675 Dec-06/Long 73,047,656 794,922 U.S. Treasury 30 year Bonds 17 Dec-06/Long 1,915,156 42,059 ------------ -------- $109,591,925 $882,788 Eurodollar GlobeX2 E-Trade 126 Dec-07/Short $(30,002,175) $(50,803) ------------ -------- $ 79,589,750 $831,985 ============ ========
NOTE 4 -- CREDIT DEFAULT SWAPS OPEN CREDIT DEFAULT SWAP AGREEMENTS AT PERIOD END
NOTIONAL UNREALIZED REFERENCE BUY/SELL PAY/RECEIVE EXPIRATION AMOUNT APPRECIATION COUNTERPARTY ENTITY PROTECTION FIXED RATE DATE (000) (DEPRECIATION) ------------ --------- ---------- ----------- ---------- -------- -------------- Lehman Brothers, Inc. CDX Buy 0.40% 12/20/2011 $7,000 $(8,782)
F-13 AIM Total Return Bond Fund NOTE 5 -- OPTION CONTRACTS WRITTEN TRANSACTIONS DURING THE PERIOD
CALL OPTION CONTRACTS --------------------- NUMBER OF PREMIUMS CONTRACTS RECEIVED --------- -------- Beginning of period 49 $ 9,708 Expired (49) (9,708) End of period -- $ --
NOTE 6 -- INVESTMENT SECURITIES The aggregate amount of investment securities (other than short-term securities, long-term U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the three months ended October 31, 2006 was $111,183,218 and $110,035,500, respectively. During the same period, purchases and sales of long-term U.S. Treasury obligations were $1,087,281 and $4,669,141. For interim reporting periods, the cost of investments for tax purposes includes reversals of certain tax items, such as, wash sales that have occurred since the prior fiscal year-end. UNREALIZED APPRECIATION (DEPRECIATION) OF INVESTMENT SECURITIES ON A TAX BASIS Aggregate unrealized appreciation of investment securities $ 1,490,837 Aggregate unrealized (depreciation) of investment securities (1,291,555) ----------- Net unrealized appreciation of investment securities $ 199,282 ===========
Cost of investments for tax purposes is $396,888,505. F-14 Item 2. Controls and Procedures. (a) As of December 14, 2006, an evaluation was performed under the supervision and with the participation of the officers of the Registrant, including the Principal Executive Officer ("PEO") and Principal Financial Officer ("PFO"), to assess the effectiveness of the Registrant's disclosure controls and procedures, as that term is defined in Rule 30a-3(c) under the Investment Company Act of 1940 ("Act"), as amended. Based on that evaluation, the Registrant's officers, including the PEO and PFO, concluded that, as of December 14, 2006, the Registrant's disclosure controls and procedures were reasonably designed so as to ensure: (1) that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the time periods specified by the rules and forms of the Securities and Exchange Commission; and (2) that material information relating to the Registrant is made known to the PEO and PFO as appropriate to allow timely decisions regarding required disclosure. (b) There have been no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the Registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting. Item 3. Exhibits. Certifications of PEO and PFO as required by Rule 30a-2(a) under the Investment Company Act of 1940. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Registrant: AIM INVESTMENT SECURITIES FUNDS By: /s/ Philip A. Taylor --------------------------------- Philip A. Taylor Principal Executive Officer Date: December 29, 2006 Pursuant to the requirements of the Securities and Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated. By: /s/ Philip A. Taylor --------------------------------- Philip A. Taylor Principal Executive Officer Date: December 29, 2006 By: /s/ Sidney M. Dilgren --------------------------------- Sidney M. Dilgren Principal Financial Officer Date: December 29, 2006 EXHIBIT INDEX Certifications of Principal Executive Officer ("PEO") and Principal Financial Officer ("PFO") as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended. EX-99.CERT 2 h42189nqexv99wcert.txt CERTIFICATION OF PEO AND PFO PURSUANT TO SECTION 302 I, Philip A. Taylor, Principal Executive Officer, certify that: 1. I have reviewed this report on Form N-Q of AIM Investment Securities Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidating subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and (d) Disclosed in this report any change in this registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of trustees (or persons performing equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: December 29, 2006 /s/ Philip A. Taylor ---------------------------------------- Philip A. Taylor, Principal Executive Officer I, Sidney M. Dilgren, Principal Financial Officer, certify that: 1. I have reviewed this report on Form N-Q of AIM Investment Securities Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidating subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and (d) Disclosed in this report any change in this registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of trustees (or persons performing equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: December 29, 2006 /s/ Sidney M. Dilgren ---------------------------------------- Sidney M. Dilgren, Principal Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----