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Portfolio > Mutual Funds > Bond Funds

AIM Debuts No-Load Bond Funds

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Oct. 30, 2002 — Two AIM bond funds that carry sales charges will close to new investors today and no-load versions of both will debut tomorrow.

AIM is closing the class A shares of AIM Limited Maturity Treasury Fund/A (SHTIX) and AIM Tax Free Intermediate Shares (AITFX) and introducing no-load class A3 shares for the funds.

The company is bringing out the load-free shares in an effort to make it easier to buy the funds, which investors tend to use essentially like money-market funds, an AIM spokesman said.

Class A shares of the funds both carry 1% sales charges. The Tax Free Intermediate fund’s class A shares also carry a 1% redemption fee on shares held less than one year.


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