Sub Item 77Q1(e) MEMORANDUM OF AGREEMENT This Memorandum of Agreement is entered into as of this 1st day of January, 2005 between the AIM Funds ( "Trust" or "Trusts"), on behalf of the funds listed on Exhibit "A" to this Memorandum of Agreement (the...
Sub Item 77Q1(e)
MEMORANDUM OF AGREEMENT
This Memorandum of Agreement is entered into as of this 1st day of
January, 2005 between the AIM Funds ( "Trust" or "Trusts"), on behalf of the
funds listed on Exhibit "A" to this Memorandum of Agreement (the "Funds"), and
A I M Advisors, Inc. ("AIM").
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 as follows:
The Trusts and AIM agree until the "Committed Until" date set forth on
the attached Exhibit "A" (the "Expiration Date") that AIM will waive its
advisory fees payable under the current investment advisory agreement as set
forth under the column "Current Advisory Fee Schedule" in Exhibit "A" ("Current
Fee Schedule") to the extent that application of the advisory fees rates set
forth in Exhibit "A" under the column "Proposed Advisory Fee Schedule (Applied
When Proposed Schedule Results in Fees Lower than the Current Fee Schedule)"
("Agreed Upon Schedule") of the average daily net assets of the Fund results in
a lower advisory fee. The Board 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. All expense limitation commitments are not superseded by
this agreement
The Trust and AIM agree to review the then-current waivers of each
Fund listed on Exhibit "A" 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. Exhibit "A" will be amended to reflect any such agreement.
It is expressly agreed that the obligations of a Trust hereunder shall
not be binding upon any of the Trustees, shareholders, nominees, officers,
agents or employees of the Trust personally, but shall only bind the assets and
property of the Funds, as provided in the Trust's Agreement and Declaration of
Trust. The execution and delivery of this Memorandum of Agreement have been
authorized by the Trustees of each Trust, and this Memorandum of Agreement has
been executed and delivered by an authorized officer of each Trust 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, the Trusts and AIM have entered into this
Memorandum of Agreement as of the date first above written.
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,
on behalf of each Fund listed in Exhibit "A"
to this Memorandum of Agreement
By: /s/ Xxxxxx X. Xxxxxx
-----------------------------------------
Title: President
-----------------------------------------
A I M Advisors, Inc.
By: /s/ Xxxx X. Xxxxxxxxxx
-----------------------------------------
Title: President
-----------------------------------------
EXHIBT A
1 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM COMBINATION STOCK & BOND FUNDS CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
---------------------------------- ----------------------------- --------------------------------- ----------
AIM Core Stock Fund 0.60% of the first $350M The current advisory fee schedule 6/30/2006
0.55% of the next $350M is lower than the uniform fee
0.50% of the next $1.3B schedule at all asset levels.
0.45% of the next $2B
0.40% of the next $2B
0.375% of the next $2B
0.35% of the excess over$8B
AIM Total Return Fund 0.75% of the first $500M 0.62% of the first $250M 6/30/2006
0.65% of the next $500M 0.605% of the next $250M
0.50% of the next $1B 0.59% of the next $500M
0.45% of the next $2B 0.575% of the next $1.5B
0.40% of the next $2B 0.56% of the next $2.5B
0.375% of the next $2B 0.545% of the next $2.5B
0.35% of the excess over $8B 0.53% of the next $2.5B
0.515% of the excess over $10B
2 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM COUNSELOR SERIES TRUST CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
---------------------------------- ----------------------------- ----------------------------- ---------
AIM Advantage Health Sciences Fund Base fee of 1.50% -maximum n/a n/a
annual performance adjustment of
+/- 1.00%
AIM Multi-Sector Fund 0.75% of average daily net assets 0.695% of the first $250M 12/31/2009
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
3 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM EQUITY FUNDS CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
---------------------------------- ----------------------------- ----------------------------- -----------
AIM Aggressive Growth Fund (1) 0.80% of the first $150M 0.745% of the first $250M 6/30/2006
0.625% of the next $4.85B 0.73% of the next $250M
0.60% of the next $5B 0.715% of the next $500M
0.575% of the excess over $10B 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 Blue Chip Fund (1) 0.75% of the first $350M 0.695% of the first $250M 12/31/2009
0.625% of the next $4.65B 0.67% of the next $250M
0.600% of the next $5B 0.645% of the next $500M
0.575% of the excess over $10B 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 Capital Development Fund (1) 0.75% of the first $350M 0.745% of the first $250M 6/30/2006
0.625% of the next $4.65B 0.73% of the next $250M
0.60% of the next $5B 0.715% of the next $500M
0.575% of the excess over $10B 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 (1) 1.00% of the first $30M 0.75% of the first $150M 12/31/2009
0.75% of the next $120M 0.615% of the next $4.85B
0.625% of the next $4.85B 0.57% of the next $2.5B
0.60% of the next $5B 0.545% of the next $2.5B
0.575% of the excess over $10B 0.52% of the excess over $10B
4 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM EQUITY FUNDS CONTINUED CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
---------------------------------- ----------------------------- ----------------------------- ----------
AIM Constellation Fund (1) 1.00% of the first $30M 0.75% of the first $150M 12/31/2009
0.75% of the next $120M 0.615% of the next $4.85B
0.625% of the next $4.85B 0.57% of the next $2.5B
0.60% of the next $5B 0.545% of the next $2.5B
0.575% of the excess over $10B 0.52% of the excess over $10B
AIM Core Strategies Fund 0.75% of the first $1B 0.695% of the first $250M 6/30/2006
0.70% of the next $1B 0.67% of the next $250M
0.625% of the excess over $2B 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 Dent Demographic Trends Fund (1) 0.77% of the first $2B 0.695% of the first $250M 12/31/2009
0.72% of the next $3B 0.67% of the next $250M
0.695% of the next $5B 0.645% of the next $500M
0.67% of the excess over $10B 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 Diversified Dividend Fund 0.75% of the first $1B 0.695% of the first $250M 6/30/2006
0.70% of the next $1B 0.67% of the next $250M
0.625% of the excess over $2B 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
5 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM EQUITY FUNDS CONTINUED CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
---------------------------------- ----------------------------- ------------------------------------------ -----------
AIM Emerging Growth Fund (1) 0.85% of the first $1B 0.745% of the first $250M 12/31/2009
0.80% of the next $4B 0.73% of the next $250M
0.775% of the next$5B 0.715% of the next $500M
0.75% of the excess over $10B 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 Large Cap Basic Value Fund (1) 0.60% of the first $1B The current advisory fee schedule is lower 6/30/2006
0.575% of the next $1B than the uniform fee schedule at all asset
0.55% of the next $3B levels.
0.525% of the next $5B
0.50% of the excess over $10B
AIM Large Cap Growth Fund (1) 0.75% of the first $1B 0.695% of the first $250M 12/31/2009
0.70% of the next $1B 0.67% of the next $250M
0.625% of the next $3B 0.645% of the next $500M
0.60% of the next $5B 0.62% of the next $1.5B
0.575% of the excess over $10B 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 Mid Cap Growth Fund (1) 0.80% of the first $1B 0.745% of the first $250M 12/31/2009
0.75% of the next $4B 0.73% of the next $250M
0.725% of the next $5B 0.715% of the next $500M
0.70% of the excess over $10B 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
6 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM EQUITY FUNDS CONTINUED CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
--------------------------- ----------------------------- ----------------------------- -----------
AIM Select Basic Value Fund 0.75% of the first $1B 0.695% of the first $250M 6/30/2006
0.70% of the next $1B 0.67% of the next $250M
0.65% of the excess over $2B 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 U.S. Growth Fund 0.75% of the first $1B 0.695% of the first $250M 6/30/2006
0.70% of the next $1B 0.67% of the next $250M
0.65% of the excess over $2B 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 Xxxxxxxxxx Fund (1) 1.00% of the first $30M 0.695% of the first $250M 12/31/2009
0.75% of the next $320M 0.67% of the next $250M
0.625% of the next $4.65B 0.645% of the next $500M
0.60% of the next $5B 0.62% of the next $1.5B
0.575%of the excess over $10B 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
7 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM FUNDS GROUP CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
------------------------------ --------------------------------- ------------------------------ -----------
AIM Balanced Fund (1) 0.75% of the first $150M 0.62% of the first $250M 6/30/2006
0.50% of the next $4.85B 0.605% of the next $250M
0.475% of the next $5B 0.59% of the next $500M
0.45% of the excess over $10B 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 Basic Balanced Fund 0.65% of the first $1B 0.62% of the first $250M 12/31/2009
0.60% of the next $4B 0.605% of the next $250M
0.55% of the excess over $5B 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 Company Fund 0.95% of average daily net assets 0.935% of the first $250M 6/30/2006
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 0.85% of the first $1B 0.80% of the first $250M 6/30/2006
0.80% of the excess over $1B 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
8 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM FUNDS GROUP CONTINUED CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
-------------------------------------- --------------------------------- ----------------------------- ----------
AIM International Emerging Growth Fund 0.95% of average daily net assets 0.935% of the first $250M 12/31/2009
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 Fund 0.80% of the first $1B 0.745% of the first $250M 12/31/2009
0.75% of the next $4B 0.73% of the next $250M
0.70% of the excess over $5B 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 Premier Equity Fund (1) 0.80% of the first $150M 0.75% of the first $150M 12/31/2009
0.625% of the next $4.85B 0.615% of the next $4.85B
0.60% of the next $5B 0.57% of the next $2.5B
0.575% of the excess over $10B 0.545% of the next $2.5B
0.52% of the excess over $10B
AIM Select Equity Fund (1) 0.80% of the first $150M 0.695% of the first $250M 6/30/2006
0.625% of the next $4.85B 0.67% of the next $250M
0.60% of the next $5B 0.645% of the next $500M
0.575% of the excess over $10B 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
9 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM FUNDS GROUP CONTINUED CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
------------------------- --------------------------------- ----------------------------- -----------
AIM Small Cap Equity Fund 0.85% of average daily net assets 0.745% of the first $250M 12/31/2009
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
10 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM GROWTH SERIES CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
------------------------ ----------------------------- --------------------------------- ----------
AIM Basic Value Fund (1) 0.725% of the first $500M 0.695% of the first $250M 12/31/2009
0.70% of the next $500M 0.67% of the next $250M
0.675% of the next $500M 0.645% of the next $500M
0.65% of the next $3.5B 0.62% of the next $1.5B
0.625% of the next $5B 0.595% of the next $2.5B
0.60% of the excess over $10B 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 (1) 0.975% of the first $500M 0.80% of the first $250M 12/31/2009
0.95% of the next $500M 0.78% of the next $250M
0.925% of the next $500M 0.76% of the next $500M
0.90% of the next $3.5B 0.74% of the next $1.5B
0.875% of the next $5B 0.72% of the next $2.5B
0.85% of the excess over $10B 0.70% of the next $2.5B
0.68% of the next $2.5B
0.66% of the excess over $10B
AIM Mid Cap Core Equity Fund (1) 0.725% of the first $500M The current advisory fee schedule 6/30/2006
0.70% of the next $500M is lower than the uniform fee
0.675% of the next $500M schedule at all asset levels.
0.65% of the next $3.5B
0.625% of the next $5B
0.60% of the excess over $10B
AIM Small Cap Growth Fund (1) 0.725% of the first $500M The current advisory fee schedule 6/30/2006
0.70% of the next $500M is lower than the uniform fee
0.675% of the next $500M schedule at all asset levels.
0.65% of the next $3.5B
0.625% of the next $5B
0.60% of the excess over $10B
11 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM INTERNATIONAL MUTUAL FUNDS CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
-------------------------------- ------------------------------ ----------------------------- ------------
AIM Asia Pacific Growth Fund (1) 0.95% of the first $500M 0.935% of the first $250M 6/30/2006
0.90% of the next $4.5B 0.91% of the next $250M
0.875% of the next $5B 0.885% of the next $500M
0.85% of the excess over $10B 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 (1) 0.95% of the first $500M 0.935% of the first $250M 12/31/2009
0.90% of the next $4.5B 0.91% of the next $250M
0.875% of the next $5B 0.885% of the next $500M
0.85% of the excess over $10B 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 Growth Fund (1) 0.90% of the first $1B 0.80% of the first $250M 12/31/2009
0.85% of the next $4B 0.78% of the next $250M
0.825% of the next $5B 0.76% of the next $500M
0.80% of the excess over $10B 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 Global Growth Fund (1) 0.85% of the first $1B 0.80% of the first $250M 12/31/2009
0.80% of the next $4B 0.78% of the next $250M
0.775% of the next $5B 0.76% of the next $500M
0.75% of the excess over $10B 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
12 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
AIM INTERNATIONAL MUTUAL FUNDS CURRENT ADVISORY FEE SCHEDULE UNIFORM SCHEDULE RESULTS IN COMMITTED
CONTINUED FEES LOWER THAN THE UNTIL
CURRENT FEE SCHEDULE)
---------------------------------- ----------------------------- --------------------------------- ---------
AIM International Core Equity Fund 0.75% of the first $500M The current advisory fee schedule 6/30/2006
0.65% of the next $500M is lower than the uniform fee
0.55% of the next $1B schedule at all asset levels.
0.45% of the next $2B
0.40% of the next $2B
0.375% of the next $2B
0.35% of the excess over $8B
AIM International Growth Fund (1) 0.95% of the first $500M 0.935% of the first $250M 12/31/2009
0.90% of the next $500M 0.91% of the next $250M
0.85% of the excess over $1B 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
13 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM INVESTMENT FUNDS CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
------------------------------- ----------------------------- ----------------------------- -----------
AIM Developing Markets Fund (1) 0.975% of the first $500M 0.935% of the first $250M 06/30/2006
0.95% of the next $500M 0.91% of the next $250M
0.925% of the next $500M 0.885%.of the next $500M
0.90% of the next $3.5B 0.86% of the next $1.5B
0.875% of the next $5B 0.835% of the next $2.5B
0.85% of the excess over $10B 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 Fund (1) 0.975% of the first $500M 0.75% of the first $250M 12/31/2009
0.95% of the next $500M 0.74% of the next $250M
0.925% of the next $500M 0.73% of the next $500M
0.90% of the next $3.5B 0.72% of the next $1.5B
0.875% of the next $5B 0.71% of the next $2.5B
0.85% of the excess over $10B 0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
AIM Libra Fund 0.85% of the first $1B 0.745% of the first $250M 06/30/2006
0.80% of the excess over $1B 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 Endeavor Fund 0.80% of the first $1B and 0.745% of the first $250M 06/30/2006
0.75% of the excess over $1B 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
14 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM INVESTMENT FUNDS CONTINUED CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
-------------------------------- ----------------------------- ----------------------------- ---------
AIM Trimark Fund 0.85% of the first $1B 0.80% of the first $250M 6/30/2006
0.80% of the excess over $1B 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 Companies Fund 0.85% of the first $1B and 0.745% of the first $250M 6/30/2006
0.80% of the excess over $1B 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
15 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM INVESTMENT SECURITIES FUNDS CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
------------------------------- ----------------------------- ----------------------------- ----------
AIM Real Estate Fund(1) 0.90% of the first $5B 0.75% of the first $250M 12/31/2009
0.875% of the next $5B 0.74% of the next $250M
0.85% of the excess over $10B 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
16 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
CURRENT ADVISORY FEES LOWER THAN THE CURRENT COMMITTED
AIM SECTOR FUNDS FEE SCHEDULE FEE SCHEDULE) UNTIL
------------------------------- ---------------------------- --------------------------------- ---------
AIM Energy Fund 0.75% of the first $350M The current advisory fee schedule 6/30/2006
0.65% of the next $350M is lower than the uniform fee
0.55% of the next $1.3B schedule at all asset levels.
0.45% of the next $2B
0.40% of the next $2B
0.375% of the next $2B
0.35% of the exces over $10B
AIM Financial Services Fund 0.75% of the first $350M The current advisory fee schedule 6/30/2006
0.65% of the next $350M is lower than the uniform fee
0.55% of the next $1.3B schedule at all asset levels.
0.45% of the next $2B
0.40% of the next $2B
0.375% of the next $2B
0.35% of the excess over $8B
AIM Gold & Precious Metals Fund 0.75% of the first $350M The current advisory fee schedule 6/30/2006
0.65% of the next $350M is lower than the uniform fee
0.55% of the next $1.3B schedule at all asset levels.
0.45% of the next $2B
0.40% of the next $2B
0.375% of the next $2B
0.35% of the excess over $8B
AIM Health Sciences Fund 0.75% of the first $350M The current advisory fee schedule 6/30/2006
0.65% of the next $350M is lower than the uniform fee
0.55% of the next $1.3B schedule at all asset levels.
0.45% of the next $2B
0.40% of the next $2B
0.375% of the next $2B
0.35% of the excess over $8B
17 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM SECTOR FUNDS CONTINUED CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
-------------------------- ----------------------------- --------------------------------- ---------
AIM Leisure Fund 0.75% of the first $350M The current advisory fee schedule 6/30/2006
0.65% of the next $350M is lower than the uniform fee
0.55% of the next $1.3B schedule at all asset levels.
0.45% of the next $2B
0.40% of the next $2B
0.375% of the next $2B
0.35% of the excess over $8B
AIM Technology Fund 0.75% of the first $350M The current advisory fee schedule 6/30/2006
0.65% of the next $350M is lower than the uniform fee
0.55% of the next $1.3B schedule at all asset levels.
0.45% of the next $2B
0.40% of the next $2B
0.375% of the next $2B
0.35% of the excess over $8B
AIM Utilities Fund 0.75% of the first $350M The current advisory fee schedule 6/30/2006
0.65% of the next $350M is lower than the uniform fee
0.55% of the next $1.3B schedule at all asset levels.
0.45% of the next $2B
0.40% of the next $2B
0.375% of the next $2B
0.35% of the excess over $8B
18 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
CURRENT ADVISORY FEES LOWER THAN THE CURRENT COMMITTED
AIM SELECT REAL ESTATE INCOME FUND FEE SCHEDULE FEE SCHEDULE) UNTIL
---------------------------------- ---------------------------- ---------------------------- ---------
AIM Select Real Estate Income Fund 0.90% of average net managed n/a n/a
assets
19 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM SPECIAL OPPORTUNITIES FUNDS CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
------------------------------- -------------------------------- ---------------------------- ---------
AIM Opportunities I Fund (1) Base fee of 1.00%--maximum n/a n/a
annual performance adjustment of
+/- 0.75%
AIM Opportunities II Fund (1) Base fee of 1.50%--maximum n/a n/a
annual performance adjustment of
+/- 1.00%
AIM Opportunities III Fund (1) Base fee of 1.50%--maximum n/a n/a
annual performance adjustment of
+/- 1.00%
20 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM STOCK FUNDS CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
----------------------------- --------------------------------- --------------------------------- ---------
AIM Dynamics Fund 0.60% of the first $350M The current advisory fee schedule 6/30/2006
0.55% of the next $350M is lower than the uniform fee
0.50% of the next $1.3B schedule at all asset levels.
0.45% of the next $2B
0.40% of the next $2B
0.375% of the next $2B
0.35% of the excess over $8B
AIM Mid Cap Stock Fund 1.00% of average daily net assets 0.745% of the first $250M 6/30/2006
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 S&P 500 Index Fund 0.25% of average daily net assets 0.25% of the first $250M 6/30/2006
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 thenext $2.5B
0.19% of the next $2.5B
0.18% of the excess over $10B
AIM Small Company Growth Fund 0.75% of the first $350M 0.745% of the first $250M 6/30/2006
0.65% of the next $350M 0.73% of the next $250M
0.55% of the next $1.3B 0.715% of the next $500M
0.45% of the next $2B 0.70% of the next $1.5B
0.40% of the next $2B 0.685% of the next $2.5B
0.375% of the next $2B 0.67% of the next $2.5B
0.35% of the excess over $8B 0.655% of the next $2.5B
0.64% of the excess over $10B
21 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM SUMMIT FUND CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
------------------- ------------------------------ ----------------------------- ---------
AIM Summit Fund (1) 1.00% of the first $10M 0.695% of the first $250M 6/30/2006
0.75% of the next $140M 0.67% of the next $250M
0.625% of the next $4.85B 0.645% of the next $500M
0.60% of the next $5B 0.62% of the next $1.5B
0.575% of the excess over $10B 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
22 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM VARIABLE INSURANCE FUNDS CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
------------------------------------ ------------------------------ ------------------------------ ----------
AIM V. I. Aggressive Growth Fund (1) 0.80% of the first $150M 0.75% of the first $150M 12/31/2009
0.625% of the next $4.85B 0.625% of the next $4.85B
0.60% of the next $5B 0.60% of the next $5B
0.575% of the excess over $10B 0.575% of the excess over $10B
AIM V. I. Balanced Fund (1) 0.75% of the first $150M 0.62% of the first $150M 12/31/2009
0.50% of the next $4.85B 0.50% of the next $4.85B
0.475% of the $5B 0.475% of the next $5B
0.475% of the next $5B 0.45% of the excess over $10B
0.45% of the excess over $10B 0.695% of the first $250M
AIM V. I. Basic Value Fund 0.725% of the first $500M 0.67% of the next $250M 12/31/2009
0.70% of the next $500M 0.645% of the next $500M
0.675% of the next $500M 0.62% of the next $1.5B
0.65% of the excess over $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. Blue Chip Fund (1) 0.75% of the first $350M 0.695% of the first $250M 12/31/2009
0.625% of the next $4.65B 0.67% of the next $250M
0.60% of the next $5B 0.645% of the next $500M
0.575% of the excess over $10B 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
23 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM VARIABLE INSURANCE FUNDS CONTINUED CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
--------------------------------------- --------------------------------- ----------------------------- ---------
AIM V. I. Capital Appreciation Fund (1) 0.65% of the first $250M 0.695% of the first $250M 6/30/2006
0.60% of the next $4.75B 0.67% of the next $250M
0.575% of the next $5B 0.645% of the next $500M
0.55% of the excess over $10B 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 Development Fund (1) 0.75% of the first $350M 0.745% of the first $250M 6/30/2006
0.625% of the next $4.65B 0.73% of the next $250M
0.60% of the next $5B 0.715% of the next $500M
0.575% of the excess over $10B 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. Core Equity Fund (1) 0.65% of the first $250M 0.695% of the first $250M 6/30/2006
0.60% of the next $4.75B 0.67% of the next $250M
0.575% of the next $5B 0.645% of the next $500M
0.55% of the excess over $10B 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. Core Stock Fund 0.75% of average daily net assets 0.695% of the first $250M 12/31/2009
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
24 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM VARIABLE INSURANCE FUNDS CONTINUED CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
------------------------------------------ --------------------------------- ------------------------------ ----------
AIM V. I. Dent Demographic Trends Fund (1) 0.77% of the first $2B 0.695% of the first $250M 12/31/2009
0.72% of the next $3B 0.67% of the next $250M
0.695% of the next $5B 0.645% of the next $500M
0.67% of the excess over $10B 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 0.75% of average daily net assets 0.745% of the first $250M 6/30/2006
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 Services Fund 0.75% of average daily net assets 0.75% of the first $250M 6/30/2006
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. Growth Fund (1) 0.65% of the first $250M 0.695% of the first $250M 6/30/2006
0.60% of the next $4.75B 0.67% of the next $250M
0.575% of the next $5B 0.645% of the next $500M
0.55% of the excess over $10B 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
25 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM VARIABLE INSURANCE FUNDS CONTINUED CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
--------------------------------------- --------------------------------- --------------------------------- ---------
AIM V. I. Health Sciences Fund 0.75% of average daily net assets 0.75% of the first $250M 6/30/2006
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. International Growth Fund (1) 0.75% of the first $250M The current advisory fee schedule 6/30/2006
0.70% of the next $4.75B is lower than the uniform fee
0.675% of the next $5B schedule at all asset levels.
0.65% of the excess over $10B
AIM V. I. Large Cap Growth Fund 0.75% of the first $1B 0.695% of the first $250M 6/30/2006
0.67% of the next $250M
0.70% of the next $1B 0.645% of the next $500M
0.625% of the excess over $2B 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 0.75% of average daily net assets 0.75% of the first $250M 6/30/2006
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
26 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM VARIABLE INSURANCE FUNDS CONTINUED CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
-------------------------------------- --------------------------------- --------------------------------- ---------
AIM V. I. Mid Cap Core Equity Fund 0.725% of the first $500M The current advisory fee schedule 6/30/2006
0.70% of the next $500M is lower than the uniform fee
0.675% of the next $500M schedule at all asset levels.
0.65% of the excess over $1.5B
AIM V. I. Premier Equity Fund (1) 0.65% of the first $250M 0.695% of the first $250M 6/30/2006
0.60% of the next $4.75B 0.67% of the next $250M
0.575% of the next $5B 0.645% of the next $500M
0.55% of the excess over $10B 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. Real Estate Fund 0.90% of average daily net assets 0.75% of the first $250M 6/30/2006
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 Equity Fund 0.85% of average daily net assets 0.745% of the first $250M 6/30/2006
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
27 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
PROPOSED ADVISORY FEE
SCHEDULE (APPLIED WHEN
UNIFORM SCHEDULE RESULTS IN
FEES LOWER THAN THE CURRENT COMMITTED
AIM VARIABLE INSURANCE FUNDS CONTINUED CURRENT ADVISORY FEE SCHEDULE FEE SCHEDULE) UNTIL
-------------------------------------- --------------------------------- --------------------------------- ---------
AIM V. I. Small Company Growth Fund 0.75% of average daily net assets 0.745% of the first $250M 6/30/2006
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. Technology Fund 0.75% of average daily net assets 0.75% of the first $250M 6/30/2006
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. Total Return Fund 0.75% of average daily net assets 0.62% of the first $250M 6/30/2006
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 V. I. Utilities Fund 0.60% of average daily net assets The current advisory fee schedule 6/30/2006
is lower than the uniform fee
schedule at all asset levels.
28 of 28
SCHEDULE C - REVISED POST BOARD MEETING TO ADDED COMMITTED UNTIL DATE
CURRENT AND PROPOSED ADVISORY FEE SCHEDULES
(1) AIM has agreed to waive fees on all AIM equity funds that commenced
operations prior to June of 2000(except AIM International Growth Fund) when
assets exceed $5 Billion. AIM will waive 0.025% for each $5 Billion increment in
net assets over $5 Billion, up to a maximum waiver of 0.175% on net assets in
excess of $35 Billion. On AIM International Growth Fund AIM has agreed to waive
0.05% of fees on assets in excess of $500M. AIM has agreed to reimburse 0.25% of
the INVESCO Advantage Health Sciences Fund total operating expenses. The current
advisory fee schedule reflects these agreements.
