AIM Trimark Investments is enhancing two of its Core Bundles by providing advisors and their clients with improved style diversification and greater clarity.

Effective immediately, the investment strategies of AIM Trimark Core American Equity Class will be changed to permit the fund to invest up to approximately 50% of its assets in units of PowerShares FTSE RAFI U.S. 1000 Portfolio. Investors will benefit from greater portfolio diversification resulting from the inclusion of Invesco PowerShares Capital Management LLC’s proven management of exchange-traded funds. Additionally, Series A investors will benefit from a reduction in the Core Bundle’s management fee, to 1.50% from 2% while Series F investors will benefit from a reduction in management fee, to 0.50% from 1%.

AIM Trimark Core Canadian Equity Class will be amending its investment strategies effective immediately so that its assets will be divided into two approximately equal portions between portfolio management teams from AIM Trimark and Invesco Aim Advisors, Inc. Previously, its assets were divided into three approximately equal portions and strategies. The portion managed by Invesco Aim will follow a growth-oriented strategy focused on earnings, quality and valuation, while the portion managed by AIM Trimark will focus on companies whose competitive advantages provide opportunities for long-term growth and with entrepreneurial management.

The investment objectives of each of the Core Bundles remain the same.

Effective August 1, the sub advisor on Invesco fixed-income and cash management teams will be changed from Invesco Aim to Invesco Institutional (N.A.), Inc. This change results from a transfer of fixed-income and cash management services personnel within the Invesco group of companies.

The money market funds affected by this change are:

  • AIM Canada Money Market Fund;
  • AIM Short-Term Income Class;
  • AIM Trimark Dialogue Allocation Fund;
  • Trimark U.S. Money Market Fund; and
  • Trimark Interest Fund.

    The cash management funds affected by this change are:

    • AIM Trimark Canadian Dollar Cash Management Fund; and
    • AIM Trimark U.S. Dollar Cash Management Fund.

    As a result of these personnel transfers, some of the balanced funds are also affected. Invesco Institutional will be added as an additional subadvisor on AIM Canadian Balanced Fund, which is currently sub-advised by Invesco Aim. Invesco Institutional will be responsible for managing the fixed-income and cash portions of this Fund previously managed by Invesco Aim.

    With respect to AIM Trimark Core Canadian Balanced Class, Invesco Aim will manage the equity portion of approximately one-half of the fund, while Invesco Institutional will be added as an additional sub-advisor to manage the fixed-income portion of approximately one-half of the fund and the cash portion of the entire fund, both of which had been previously managed by Invesco Aim. The investment strategies of AIM Trimark Core Canadian Balanced Class will be amended to reflect this change.

    Effective August 1, Invesco Global Real Estate Fund’s Dallas-based team will be working with James Cowen, a portfolio manager from U.K.-based Invesco Asset Management Limited. In order to implement this change, Invesco Asset Management Limited will be added as an additional subadvisor to this fund.