AIM Basic Value AGTVLX

Morningstar Rating

Fund Research and Analysis

by Ryan Leggio

AIM Basic Value should continue its recovery.

We wrote in May about this fund's potential. At that point, the fund had recovered more than 60% from its March low. Through Sept. 29, 2009, it has recovered another 24% on top of that, handily outpacing the S&P 500. Read more

Kudos

Isn't afraid to go against the grain when picking stocks.

Seasoned management. Read more

Risks

Bret Stanley's ideas sometimes take time to pan out, so the fund can experience extended dry spells.

Could be cheaper.

If management strays too far from its circle of competence, shareholders can be stung hard, given's this fund's concentrated makeup. Read more

Strategy

Managers Bret Stanley, Matt Seinsheimer, Michael Simon, and R. Canon Coleman II perform discounted cash-flow analysis to determine which companies have a minimum 50% appreciation potential to their calculated intrinsic value. Read more

Management

Bret Stanley has managed this fund since September 1998 and was joined by Matt Seinsheimer in February 2000, Michael Simon in January 2002, and R. Canon Coleman II in May 2003. Stanley's record at previous charge Van Kampen Growth and Income ACGIX was good. Read more

Inside Scoop

This was AIM's first fund offered with an intrinsic-value focus, an approach new to the fund shop in September 1998, when manager Bret Stanley assumed this fund's reins. Read more

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