AMENDMENT NO. 25 TO MASTER INVESTMENT ADVISORY AGREEMENT
This Amendment (the “Amendment”) dated July 16, 2012, amends the Master Investment Advisory
Agreement (the “Agreement”), dated May 1, 2000, between AIM Variable Insurance Funds (Invesco
Variable Insurance Funds), a Delaware statutory trust, and Invesco Advisers, Inc., a Delaware
corporation.
W I T N E S S E T H:
WHEREAS, the parties desire to (i) remove Invesco V.I. Leisure Fund, Invesco V.I. Capital
Appreciation Fund and Invesco V.I. Capital Development Fund; and (ii) change the name of the
following series portfolios: Invesco V.I. Basic Value Fund to Invesco Xxx Xxxxxx V.I. Value
Opportunities Fund, Invesco V.I. Dividend Growth Fund to Invesco V.I. Diversified Dividend Fund,
Invesco V.I. Select Dimensions Equally-Weighted S&P 500 Fund to Invesco V.I. Equally Weighted S&P
500 Fund, Invesco Xxx Xxxxxx V.I. Global Value Equity Fund to Invesco V.I. Global Core Equity Fund,
Invesco Xxx Xxxxxx V.I. Capital Growth Fund to Invesco Xxx Xxxxxx V.I. American Franchise Fund and
Invesco Xxx Xxxxxx V.I. Mid Cap Value Fund to Invesco Xxx Xxxxxx V.I. American Value Fund;
NOW, THEREFORE, the parties agree that:
| 1. | Appendix A and Appendix B to the Agreement are hereby deleted in their entirety and replaced with the following: |
“APPENDIX A
FUNDS AND EFFECTIVE DATES
FUNDS AND EFFECTIVE DATES
| Effective Date of | ||
| Name of Fund | Advisory Agreement | |
Invesco V.I. Balanced-Risk Allocation Fund
|
January 7, 2011 |
|
Invesco V.I. Core Equity Fund
|
May 1, 2000 |
|
Invesco V.I. Diversified Income Fund
|
May 1, 2000 |
|
Invesco V.I. Global Health Care Fund
|
April 30, 2004 |
|
Invesco V.I. Global Real Estate Fund
|
April 30, 2004 |
|
Invesco V.I. Government Securities Fund
|
May 1, 2000 |
|
Invesco V.I. High Yield Fund
|
May 1, 2000 |
|
Invesco V.I. International Growth Fund
|
May 1, 2000 |
|
Invesco V.I. Mid Cap Core Equity Fund
|
September 10, 2001 |
|
Invesco V.I. Money Market Fund
|
May 1, 2000 |
|
Invesco V.I. Small Cap Equity Fund
|
September 1, 2003 |
|
Invesco V.I. Technology Fund
|
April 30, 2004 |
|
Invesco V.I. Utilities Fund
|
April 30, 2004 |
|
Invesco V.I. Diversified Dividend Fund
|
February 12, 2010 |
|
Invesco V.I. High Yield Securities Fund
|
February 12, 2010 |
|
Invesco V.I. S&P 500 Index Fund
|
February 12, 2010 |
|
Invesco V.I. Equally-Weighted S&P 500 Fund
|
February 12, 2010 |
|
Invesco Xxx Xxxxxx V.I. American Franchise Fund
|
February 12, 2010 |
|
Invesco Xxx Xxxxxx V.I. American Value Fund
|
February 12, 2010 |
|
Invesco Xxx Xxxxxx V.I. Xxxxxxxx Fund
|
February 12, 2010 |
| Effective Date of | ||
| Name of Fund | Advisory Agreement | |
Invesco Xxx Xxxxxx V.I. Equity and Income Fund
|
February 12, 2010 |
|
Invesco Xxx Xxxxxx V.I. Global Core Equity Fund
|
February 12, 2010 |
|
Invesco Xxx Xxxxxx V.I. Growth and Income Fund
|
February 12, 2010 |
|
Invesco Xxx Xxxxxx V.I. Mid Cap Growth Fund
|
February 12, 2010 |
|
Invesco Xxx Xxxxxx V.I. Value Opportunities Fund
|
September 10, 0000 |
XXXXXXXX X
COMPENSATION TO THE ADVISOR
COMPENSATION TO THE ADVISOR
The Trust shall pay the Adviser, out of the assets of a Fund, as full compensation for all
services rendered, an advisory fee for such Fund set forth below. Such fee shall be calculated by
applying the following annual rates to the average daily net assets of such Fund for the calendar
year computed in the manner used for the determination of the net asset value of shares of such
Fund.
Invesco V.I. Balanced-Risk Allocation Fund
| Net Assets | Annual Rate* | |||
First $250 million |
0.95 | % | ||
Next $250 million |
0.925 | % | ||
Next $500 million |
0.90 | % | ||
Next $1.5 billion |
0.875 | % | ||
Next $2.5 billion |
0.85 | % | ||
Next $2.5 billion |
0.825 | % | ||
Next $2.5 billion |
0.80 | % | ||
Over $10 billion |
0.775 | % | ||
| * | To the extent Invesco V.I. Balanced-Risk Allocation Fund invests its assets in Invesco Cayman
Commodity Fund IV Ltd., a direct wholly-owned subsidiary of Invesco V.I. Balanced-Risk Allocation
Fund, the Adviser shall not collect the portion of the advisory fee that the Adviser would
otherwise be entitled to collect from Invesco V.I. Balanced-Risk Allocation Fund, in an amount
equal to 100% of the advisory fee that the Adviser receives from Invesco Cayman Commodity Fund IV
Ltd. |
Invesco Xxx Xxxxxx V.I. Value Opportunities Fund
| Net Assets | Annual Rate | |||
First $250 million |
0.695 | % | ||
Next $250 million |
0.67 | % | ||
Next $500 million |
0.645 | % | ||
Next $1.5 billion |
0.62 | % | ||
Next $2.5 billion |
0.595 | % | ||
Next $2.5 billion |
0.57 | % | ||
Next $2.5 billion |
0.545 | % | ||
Over $10 billion |
0.52 | % | ||
Invesco V.I. Core Equity Fund
| Net Assets | Annual Rate | |||
First $250 million |
0.65 | % | ||
Over $250 million |
0.60 | % | ||
2
Invesco V.I. Diversified Income Fund
| Net Assets | Annual Rate | |||
First $250 million |
0.60 | % | ||
Over $250 million |
0.55 | % | ||
Invesco V.I. Small Cap Equity Fund
| Net Assets | Annual Rate | |||
First $250 million |
0.745 | % | ||
Next $250 million |
0.73 | % | ||
Next $500 million |
0.715 | % | ||
Next $1.5 billion |
0.70 | % | ||
Next $2.5 billion |
0.685 | % | ||
Next $2.5 billion |
0.67 | % | ||
Next $2.5 billion |
0.655 | % | ||
Over $10 billion |
0.64 | % | ||
Invesco V.I. Global Health Care Fund
Invesco V.I. Global Real Estate Fund
Invesco V.I. Technology Fund
Invesco V.I. Global Real Estate Fund
Invesco V.I. Technology Fund
| Net Assets | Annual Rate | |||
First $250 million |
0.75 | % | ||
Next $250 million |
0.74 | % | ||
Next $500 million |
0.73 | % | ||
Next $1.5 billion |
0.72 | % | ||
Next $2.5 billion |
0.71 | % | ||
Next $2.5 billion |
0.70 | % | ||
Next $2.5 billion |
0.69 | % | ||
Over $10 billion |
0.68 | % | ||
Invesco V.I. Government Securities Fund
| Net Assets | Annual Rate | |||
First $250 million |
0.50 | % | ||
Over $250 million |
0.45 | % | ||
Invesco V.I. High Yield Fund
| Net Assets | Annual Rate | |||
First $200 million |
0.625 | % | ||
Next $300 million |
0.55 | % | ||
Next $500 million |
0.50 | % | ||
Over $1 billion |
0.45 | % | ||
Invesco V.I. International Growth Fund
| Net Assets | Annual Rate | |||
First $250 million |
0.75 | % | ||
Over $250 million |
0.70 | % | ||
3
Invesco V.I. Mid Cap Core Equity Fund
| Net Assets | Annual Rate | |||
First $500 million |
0.725 | % | ||
Next $500 million |
0.700 | % | ||
Next $500 million |
0.675 | % | ||
Over $1.5 billion |
0.65 | % | ||
Invesco V.I. Money Market Fund
| Net Assets | Annual Rate | |||
First $250 million |
0.40 | % | ||
Over $250 million |
0.35 | % | ||
Invesco V.I. Utilities Fund
| Net Assets | Annual Rate | |||
All Assets |
0.60 | % | ||
Invesco V.I. Diversified Dividend Fund
| Net Assets | Annual Rate | |||
First $250 million |
0.545 | % | ||
Next $750 million |
0.42 | % | ||
Next $1 billion |
0.395 | % | ||
Over $2 billion |
0.37 | % | ||
Invesco Xxx Xxxxxx V.I. Global Core Equity Fund
| Net Assets | Annual Rate | |||
First $1 billion |
0.67 | % | ||
Next $500 million |
0.645 | % | ||
Next $1 billion |
0.62 | % | ||
Next $1 billion |
0.595 | % | ||
Next $1 billion |
0.57 | % | ||
Over $4.5 billion |
0.545 | % | ||
Invesco V.I. High Yield Securities Fund
| Net Assets | Annual Rate | |||
First $500 million |
0.42 | % | ||
Next $250 million |
0.345 | % | ||
Next $250 million |
0.295 | % | ||
Next $1 billion |
0.27 | % | ||
Next $1 billion |
0.245 | % | ||
Over $3 billion |
0.22 | % | ||
Invesco V.I. S&P 500 Index Fund
Invesco V.I. Equally-Weighted S&P 500 Fund
Invesco V.I. Equally-Weighted S&P 500 Fund
| Net Assets | Annual Rate | |||
First $2 billion |
0.12 | % | ||
Over $2 billion |
0.10 | % | ||
4
Invesco Xxx Xxxxxx V.I. American Franchise Fund
| Net Assets | Annual Rate | |||
First $250 million |
0.695 | % | ||
Next $250 million |
0.67 | % | ||
Next $500 million |
0.645 | % | ||
Next $500 billion |
0.62 | % | ||
Next $3.45 billion |
0.60 | % | ||
Next $250 million |
0.595 | % | ||
Next $2.25 billion |
0.57 | % | ||
Next $2.5 billion |
0.545 | % | ||
Over $10 billion |
0.52 | % | ||
Invesco Xxx Xxxxxx V.I. Xxxxxxxx Fund
Invesco Xxx Xxxxxx V.I. Growth and Income Fund
Invesco Xxx Xxxxxx V.I. Growth and Income Fund
| Net Assets | Annual Rate | |||
First $500 million |
0.60 | % | ||
Over $500 million |
0.55 | % | ||
Invesco Xxx Xxxxxx V.I. Equity and Income Fund
| Net Assets | Annual Rate | |||
First $150 million |
0.50 | % | ||
Next $100 million |
0.45 | % | ||
Next $100 million |
0.40 | % | ||
Over $350 million |
0.35 | % | ||
Invesco Xxx Xxxxxx V.I. Mid Cap Growth Fund
| Net Assets | Annual Rate | |||
First $500 million |
0.75 | % | ||
Next $500 million |
0.70 | % | ||
Over $1 billion |
0.65 | % | ||
Invesco Xxx Xxxxxx V.I. American Value Fund
| Net Assets | Annual Rate | |||
First $1 billion |
0.72 | % | ||
Over $1 billion |
0.65 | %” | ||
| 2. | In all other respects, the Agreement is hereby confirmed and remains in full force and effect. |
5
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective
officers on the date first written above
| AIM VARIABLE INSURANCE FUNDS | ||||||
| (INVESCO VARIABLE INSURANCE FUNDS) | ||||||
Attest:
|
/s/ Xxxxx Xxxxxxxx | By: | /s/ Xxxx X. Xxxx | |||
| Assistant Secretary | Xxxx X. Xxxx | |||||
| Senior Vice President | ||||||
(SEAL) |
||||||
| INVESCO ADVISERS, INC. | ||||||
Attest:
|
/s/ Xxxxx Xxxxxxxx | By: | /s/ Xxxx X. Xxxx | |||
| Assistant Secretary | Xxxx X. Xxxx | |||||
| Senior Vice President | ||||||
(SEAL) |
||||||
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