MEMORANDUM OF AGREEMENT
(Advisory Fee Waivers)
This Memorandum of Agreement is entered into as of the effective date on the
attached Exhibit (the "Exhibit"), between AIM Counselor Series Trust, AIM
Equity Funds, AIM Funds Group, AIM Growth Series, AIM International Mutual
Funds, AIM Investment Funds, AIM Investment Securities Funds, AIM Sector Funds,
AIM Special Opportunities Funds, AIM Stock Funds, AIM Summit Fund, AIM
Treasurer's Series Trust and AIM Variable Insurance Funds (each a "Trust" or,
collectively, the "Trusts"), on behalf of the funds listed on the Exhibit to
this Memorandum of Agreement (the "Funds"), and A I M Advisors, Inc. ("AIM").
This Memorandum of Agreement restates the following: (i) Amended and Restated
Memorandum of Agreement dated May 5, 2005, between AIM Combination Stock & Bond
Funds, AIM Counselor Series Trust, AIM Equity Funds, AIM Funds Group, AIM
Growth Series, AIM International Mutual Funds, AIM Investment Funds, AIM
Investment Securities Funds, AIM Sector Funds, AIM Stock Funds, AIM Summit
Fund, AIM Variable Insurance Funds and AIM; (ii) Memorandum of Agreement as of
the dates indicated on Exhibit A between AIM Counselor Series Trust, AIM
Special Opportunities Fund and AIM; and (iii) Memorandum of Agreement as of the
dates indicated on Exhibit A between AIM Funds Group, AIM International Mutual
Funds, AIM Treasurer's Series Trust, AIM Variable Insurance Funds and AIM. AIM
shall and hereby agrees to waive fees of the Funds, on behalf of their
respective classes as applicable, severally and not jointly, as indicated in
the attached Exhibit.
For and in consideration of the mutual terms and agreements set forth herein
and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the Trusts and AIM agree that until at least the date
set forth on Exhibit A (the "Expiration Date") and with respect to those Funds
listed on the Exhibit, AIM will waive its advisory fees at the rate set forth
on the attached Exhibit.
The Boards of Trustees and AIM may terminate or modify this Memorandum of
Agreement prior to the Expiration Date only by mutual written consent. AIM will
not have any right to reimbursement of any amount so waived or reimbursed.
Subject to the foregoing paragraphs, each of the Trusts and AIM agree to
review the then-current waivers for each class of the Funds listed on the
Exhibits on a date prior to the Expiration Date to determine whether such
waivers should be amended, continued or terminated. The waivers will expire
upon the Expiration Date unless the Trust and AIM have agreed to continue them.
The Exhibits will be amended to reflect any such agreement.
It is expressly agreed that the obligations of each Trust hereunder shall
not be binding upon any of the Trustees, shareholders, nominees, officers,
agents or employees of the Trusts personally, but shall only bind the assets
and property of the Funds, as provided in each Trust's Agreement and
Declaration of Trust. The execution and delivery of this Memorandum of
Agreement have been authorized by the Trustees of the Trusts, and this
Memorandum of Agreement has been executed and delivered by an authorized
officer of the Trusts acting as such; neither such authorization by such
Trustees nor such execution and delivery by such officer shall be deemed to
have been made by any of them individually or to impose any liability on any of
them personally, but shall bind only the assets and property of the Funds, as
provided in each Trust's Agreement and Declaration of Trust.
IN WITNESS WHEREOF, each of the Trusts and AIM have entered into this
Memorandum of Agreement as of the Effective Date on the attached Exhibits.
AIM COUNSELOR SERIES TRUST
AIM EQUITY FUNDS
AIM FUNDS GROUP
AIM GROWTH SERIES
AIM INTERNATIONAL MUTUAL FUNDS
AIM INVESTMENT FUNDS
AIM INVESTMENT SECURITIES FUNDS
AIM SECTOR FUNDS
AIM SPECIAL OPPORTUNITIES FUNDS
AIM STOCK FUNDS
AIM SUMMIT FUND
AIM TREASURER'S SERIES TRUST
AIM VARIABLE INSURANCE FUNDS
on behalf of the Funds listed in the
Exhibits
to this Memorandum of Agreement
By: /s/ Xxxxxx X. Xxxxxx
------------------------------
Title: President
A I M ADVISORS, INC.
By: /s/ Xxxxxx X. Xxxxxx
------------------------------
Title: President
Exhibit to Advisory Fee MOA
AIM Counselor Series Expiration
Trust Waiver Description Effective Date Date
-------------------- ------------------------------------------------- -------------- ----------
AIM Advantage Health AIM will waive advisory fees to the extent 7/1/2005 6/30/2007
Sciences Fund necessary so that advisory fees AIM receives do
not exceed an annual base management fee of 1.25%
of the Fund's average daily net assets, subject
to a maximum performance adjustment upward or
downward of 0.75% annually. As a result, AIM may
receive a management net fee that ranges from
0.50% to 2.00% of average daily net assets, based
on the Fund's performance.
AIM Multi-Sector Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.695% of the first $250M
0.67% of the next $250M
0.645% of the next $500M
0.62% of the next $1.5B
0.595% of the next $2.5B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
Effective Expiration
AIM Equity Funds Waiver Description Date Date
---------------- ------------------------------------------------- -------------- ----------
AIM Capital Development AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.745% of the first $250M
0.73% of the next $250M
0.715% of the next $500M
0.70% of the next $1.5B
0.685% of the next $2.5B
0.67% of the next $2.5B
0.655% of the next $2.5B
0.64% of the excess over $10B
AIM Charter Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.75% of the first $150M
0.615% of the next $4.85B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
AIM Constellation Fund AIM will waive advisory fees to the extent 3/27/2005 12/31/2009
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.695% of the first $250M
0.615% of the next $4B
0.595% of the next $750M
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
Exhibit to Advisory Fee MOA
AIM Equity Funds - Expiration
continued Waiver Description Effective Date Date
------------------ ------------------------------------------------- -------------- ----------
AIM Large Cap Growth Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.695% of the first $250M
0.67% of the next $250M
0.645% of the next $500M
0.62% of the next $1.5B
0.595% of the next $2.5B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
AIM Select Basic Value AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.695% of the first $250M
0.67% of the next $250M
0.645% of the next $500M
0.62% of the next $1.5B
0.595% of the next $2.5B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
Effective Expiration
AIM Funds Group Waiver Description Date Date
--------------- ------------------------------------------------- -------------- ----------
AIM Basic Balanced Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.62% of the first $250M
0.605% of the next $250M
0.59% of the next $500M
0.575% of the next $1.5B
0.56% of the next $2.5B
0.545% of the next $2.5B
0.53% of the next $2.5B
0.515% of the excess over $10B
AIM European Small AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
Company Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.935% of the first $250M
0.91% of the next $250M
0.885% of the next $500M
0.86% of the next $1.5B
0.835% of the next $2.5B
0.81% of the next $2.5B
0.785% of the next $2.5B
0.76% of the excess over $10B
AIM Global Value Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.80% of the first $250M
0.78% of the next $250M
0.76% of the next $500M
0.74% of the next $1.5B
0.72% of the next $2.5B
0.70% of the next $2.5B
0.68% of the next $2.5B
0.66% of the excess over $10B
Exhibit to Advisory Fee MOA
AIM Funds Group - Expiration
continued Waiver Description Effective Date Date
----------------- ------------------------------------------------- -------------- ----------
AIM International Small AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
Company Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.935% of the first $250M
0.91% of the next $250M
0.885% of the next $500M
0.86% of the next $1.5B
0.835% of the next $2.5B
0.81% of the next $2.5B
0.785% of the next $2.5B
0.76% of the excess over $10B
AIM Mid Cap Basic Value AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.745% of the first $250M
0.73% of the next $250M
0.715% of the next $500M
0.70% of the next $1.5B
0.685% of the next $2.5B
0.67% of the next $2.5B
0.655% of the next $2.5B
0.64% of the excess over $10B
AIM Select Equity Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.695% of the first $250M
0.67% of the next $250M
0.645% of the next $500M
0.62% of the next $1.5B
0.595% of the next $2.5B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
AIM Small Cap Equity Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.745% of the first $250M
0.73% of the next $250M
0.715% of the next $500M
0.70% of the next $1.5B
0.685% of the next $2.5B
0.67% of the next $2.5B
0.655% of the next $2.5B
0.64% of the excess over $10B
Exhibit to Advisory Fee MOA
Effective Expiration
AIM Growth Series Waiver Description Date Date
----------------- ------------------------------------------------- -------------- ----------
AIM Basic Value Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.695% of the first $250M
0.67% of the next $250M
0.645% of the next $500M
0.62% of the next $1.5B
0.595% of the next $2.5B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
AIM Global Equity Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.80% of the first $250M
0.78% of the next $250M
0.76% of the next $500M
0.74% of the next $1.5B
0.72% of the next $2.5B
0.70% of the next $2.5B
0.68% of the next $2.5B
0.66% of the excess over $10B
AIM International Mutual Expiration
Funds Waiver Description Effective Date Date
------------------------ ------------------------------------------------- -------------- ----------
AIM Asia Pacific Growth AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.935% of the first $250M
0.91% of the next $250M
0.885% of the next $500M
0.86% of the next $1.5B
0.835% of the next $2.5B
0.81% of the next $2.5B
0.785% of the next $2.5B
0.76% of the excess over $10B
AIM European Growth Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.935% of the first $250M
0.91% of the next $250M
0.885% of the next $500M
0.86% of the next $1.5B
0.835% of the next $2.5B
0.81% of the next $2.5B
0.785% of the next $2.5B
0.76% of the excess over $10B
AIM Global Aggressive AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
Growth Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.80% of the first $250M
0.78% of the next $250M
0.76% of the next $500M
0.74% of the next $1.5B
0.72% of the next $2.5B
0.70% of the next $2.5B
0.68% of the next $2.5B
0.66% of the excess over $10B
Exhibit to Advisory Fee MOA
AIM International Mutual Expiration
Funds - continued Waiver Description Effective Date Date
------------------------ ------------------------------------------------- -------------- ----------
AIM Global Growth Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.80% of the first $250M
0.78% of the next $250M
0.76% of the next $500M
0.74% of the next $1.5B
0.72% of the next $2.5B
0.70% of the next $2.5B
0.68% of the next $2.5B
0.66% of the excess over $10B
AIM International Growth AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.935% of the first $250M
0.91% of the next $250M
0.885% of the next $500M
0.86% of the next $1.5B
0.835% of the next $2.5B
0.81% of the next $2.5B
0.785% of the next $2.5B
0.76% of the excess over $10B
Expiration
AIM Investment Funds Waiver Description Effective Date Date
-------------------- ------------------------------------------------- -------------- ----------
AIM Developing Markets AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.935% of the first $250M
0.91% of the next $250M
0.885% of the next $500M
0.86% of the next $1.5B
0.835% of the next $2.5B
0.81% of the next $2.5B
0.785% of the next $2.5B
0.76% of the excess over $10B
AIM Global Health Care AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
Exhibit to Advisory Fee MOA
AIM Investment Funds - Expiration
continued Waiver Description Effective Date Date
---------------------- ------------------------------------------------- -------------- ----------
AIM Trimark Endeavor Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.745% of the first $250M
0.73% of the next $250M
0.715% of the next $500M
0.70% of the next $1.5B
0.685% of the next $2.5B
0.67% of the next $2.5B
0.655% of the next $2.5B
0.64% of the excess over $10B
AIM Trimark Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.80% of the first $250M
0.78% of the next $250M
0.76% of the next $500M
0.74% of the next $1.5B
0.72% of the next $2.5B
0.70% of the next $2.5B
0.68% of the next $2.5B
0.66% of the excess over $10B
AIM Trimark Small AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
Companies Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.745% of the first $250M
0.73% of the next $250M
0.715% of the next $500M
0.70% of the next $1.5B
0.685% of the next $2.5B
0.67% of the next $2.5B
0.655% of the next $2.5B
0.64% of the excess over $10B
AIM Investment Effective Expiration
Securities Funds Waiver Description Date Date
---------------- ------------------------------------------------- -------------- ----------
AIM Real Estate Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
Exhibit to Advisory Fee MOA
Expiration
AIM Sector Funds Waiver Description Effective Date Date
---------------- ------------------------------------------------- -------------- ----------
AIM Energy Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
AIM Financial Services AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
AIM Gold & Precious AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
Metals Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
AIM Leisure Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
AIM Technology Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
Exhibit to Advisory Fee MOA
AIM Sector Funds - Effective Expiration
continued Waiver Description Date Date
------------------ ------------------------------------------------- -------------- ----------
AIM Utilities Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
AIM Special Expiration
Opportunities Funds Waiver Description Effective Date Date
------------------- ------------------------------------------------- -------------- ----------
AIM Opportunities II Fund AIM will waive advisory fees to the extent 7/1/2006 6/30/2007
necessary so that advisory fees AIM receives do
not exceed an annual base management fee of 1.00%
of the Fund's average daily net assets, subject
to a maximum performance adjustment upward or
downward of 0.50% annually. As a result, AIM may
receive a management net fee that ranges from
0.50% to 1.50% of average daily net assets, based
on the Fund's performance.
AIM Opportunities III AIM will waive advisory fees to the extent 7/1/2006 6/30/2007
Fund necessary so that advisory fees AIM receives do
not exceed an annual base management fee of 1.00%
of the Fund's average daily net assets, subject
to a maximum performance adjustment upward or
downward of 0.50% annually. As a result, AIM may
receive a management net fee that ranges from
0.50% to 1.50% of average daily net assets, based
on the Fund's performance.
Effective Expiration
AIM Stock Funds Waiver Description Date Date
--------------- ------------------------------------------------- -------------- ----------
AIM S&P 500 Index Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.25% of the first $250M
0.24% of the next $250M
0.23% of the next $500M
0.22% of the next $1.5B
0.21% of the next $2.5B
0.20% of the next $2.5B
0.19% of the next $2.5B
0.18% of the excess over $10B
Effective Expiration
AIM Summit Fund Waiver Description Date Date
--------------- ------------------------------------------------- -------------- ----------
AIM Summit Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.695% of the first $250M
0.67% of the next $250M
0.645% of the next $500M
0.62% of the next $1.5B
0.595% of the next $2.5B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
Exhibit to Advisory Fee MOA
AIM Treasurer's Series Expiration
Trust Waiver Description Effective Date Date
---------------------- ------------------------------------------------- -------------- ------------
Premier Portfolio AIM will waive advisory fees in the amount of 2/25/2005 6/30/2007
0.08% of the Funds average daily net assets
Premier U.S. Government AIM will waive advisory fees in the amount of 2/25/2005 6/30/2007
Money Portfolio 0.08% of the Funds average daily net assets
AIM Variable Insurance Effective Expiration
Funds Waiver Description Date Date
---------------------- ------------------------------------------------- -------------- ------------
AIM V. I. Basic Balanced AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.62% of the first $150M
0.50% of the next $4.85B
0.475% of the next $5B
0.45% of the excess over $10B
AIM V. I. Basic Value AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.695% of the first $250M
0.67% of the next $250M
0.645% of the next $500M
0.62% of the next $1.5B
0.595% of the next $2.5B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
AIM V. I. Capital AIM will waive advisory fees to the extent 05/01/2006* 12/31/2009 *
Appreciation Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.*
0.695% of the first $250M
0.625% of the next $750M
0.62% of the next $1.5B
0.595% of the next $2.5B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
AIM V. I. Capital AIM will waive advisory fees to the extent 1/1/2005 4/30/2008
Development Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.745% of the first $250M
0.73% of the next $250M
0.715% of the next $500M
0.70% of the next $1.5B
0.685% of the next $2.5B
0.67% of the next $2.5B
0.655% of the next $2.5B
0.64% of the excess over $10B
* The waiver schedule, effective date and expiration date shown are those that
will become effective upon the closing of the acquisition of AIM V.I.
Aggressive Growth Fund and AIM V.I. Growth Fund.
Exhibit to Advisory Fee MOA
AIM Variable Insurance Expiration
Funds - continued Waiver Description Effective Date Date
---------------------- ------------------------------------------------- -------------- ------------
AIM V. I. Core Equity AIM will waive advisory fees to the extent 1/1/2005 12/31/2009 *
Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.695% of the first $250M
0.67% of the next $250M
0.645% of the next $500M
0.62% of the next $1.5B
0.595% of the next $2.5B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
AIM V. I. Demographic AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
Trends Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.695% of the first $250M
0.67% of the next $250M
0.645% of the next $500M
0.62% of the next $1.5B
0.595% of the next $2.5B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
AIM V. I. Dynamics Fund AIM will waive advisory fees to the extent 1/1/2005 4/30/2008
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.745% of the first $250M
0.73% of the next $250M
0.715% of the next $500M
0.70% of the next $1.5B
0.685% of the next $2.5B
0.67% of the next $2.5B
0.655% of the next $2.5B
0.64% of the excess over $10B
AIM V. I. Financial AIM will waive advisory fees to the extent 1/1/2005 4/30/2008
Services Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
AIM V. I. Global AIM will waive advisory fees to the extent 1/1/2005 4/30/2008
Healthcare Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
* The expiration date shown is the expiration date that will become effective
upon the closing of the acquisition of AIM V.I. Core Stock Fund.
Exhibit to Advisory Fee MOA
AIM Variable Insurance Expiration
Funds - continued Waiver Description Effective Date Date
---------------------- ------------------------------------------------- -------------- -----------
AIM V. I. Global Real AIM will waive advisory fees to the extent 1/1/2005 4/30/2008
Estate Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
AIM V. I. Large Cap AIM will waive advisory fees to the extent 06/12/2006* 12/31/2009*
Growth Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.695% of the first $250M
0.67% of the next $250M
0.645% of the next $500M
0.62% of the next $1.5B
0.595% of the next $2.5B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
AIM V. I. Leisure Fund AIM will waive advisory fees to the extent 1/1/2005 4/30/2008
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
AIM V. I. Small Cap AIM will waive advisory fees to the extent 1/1/2005 4/30/2008
Equity Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.745% of the first $250M
0.73% of the next $250M
0.715% of the next $500M
0.70% of the next $1.5B
0.685% of the next $2.5B
0.67% of the next $2.5B
0.655% of the next $2.5B
0.64% of the excess over $10B
AIM V. I. Small Cap AIM will waive advisory fees to the extent 1/1/2005 4/30/2008
Growth Fund necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.745% of the first $250M
0.73% of the next $250M
0.715% of the next $500M
0.70% of the next $1.5B
0.685% of the next $2.5B
0.67% of the next $2.5B
0.655% of the next $2.5B
0.64% of the excess over $10B
* The effective date and expiration date shown are those that will become
effective upon the closing of the acquisition of AIM V.I. Blue Chip Fund.
Exhibit to Advisory Fee MOA
AIM Variable Insurance Expiration
Funds - continued Waiver Description Effective Date Date
---------------------- ------------------------------------------------- -------------- ----------
AIM V. I. Technology Fund AIM will waive advisory fees to the extent 1/1/2005 4/30/2008
necessary so that advisory fees AIM receives does
not exceed the annualized rates listed below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
