AMENDMENT NO. 1 TO AMENDED AND RESTATED MASTER INVESTMENT ADVISORY AGREEMENT
AMENDMENT NO. 1
TO
AMENDED AND RESTATED MASTER INVESTMENT ADVISORY AGREEMENT
This Amendment dated as of September 30, 2020, amends the Amended and Restated Master Investment Advisory Agreement (the “Agreement”) dated July 1, 2020, between AIM Equity Funds (Invesco Equity 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 amend the Agreement to change the following Funds’ names:
FUND NAME | NEW FUND NAME | |
Invesco Xxxxxxxxxxx Main Street All Cap Fund | Invesco Main Street All Cap Fund | |
Invesco Xxxxxxxxxxx Main Street Fund | Invesco Main Street Fund | |
Invesco Xxxxxxxxxxx Rising Dividends Fund | Invesco Rising Dividends 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
Name of Fund |
Effective Date of Advisory Agreement | |
Invesco Charter Fund | June 1, 2000 | |
Invesco Diversified Dividend Fund | December 28, 0000 | |
Xxxxxxx Xxxx Xxxxxx Fund® | May 24, 0000 | |
Xxxxxxx Xxxx Xxxxxx All Cap Fund® | May 24, 2019 | |
Invesco Rising Dividends Fund | May 24, 0000 | |
Xxxxxxx Xxxxxx Fund | April 30, 0000 |
XXXXXXXX X
COMPENSATION TO THE ADVISOR
The Trust shall pay the Adviser, out of the assets of each Fund, as full compensation for all services rendered, an advisory fee for such Funds as set forth below. Such fee shall be calculated by applying the following annual rates to the average daily net assets of such Funds for the calendar year computed in the manner used for the determination of the net asset value of shares of such Funds.
Invesco Charter Fund
Net Assets |
Annual Rate | |||
First $250 million |
0.695 | % | ||
Next $4.05 billion |
0.615 | % | ||
Next $3.9 billion |
0.57 | % | ||
Next $1.8 billion |
0.545 | % | ||
Over $10 billion |
0.52 | % |
Invesco Diversified Dividend Fund
Net Assets |
Annual Rate | |||
First $350 million |
0.60 | % | ||
Next $350 million |
0.55 | % | ||
Next $1.3 billion |
0.50 | % | ||
Next $2 billion |
0.45 | % | ||
Next $2 billion |
0.40 | % | ||
Next $2 billion |
0.375 | % | ||
Over $8 billion |
0.35 | % |
Invesco Main Street Fund®*
Net Assets |
Annual Rate | |||
First $200 million |
0.65 | % | ||
Next $150 million |
0.60 | % | ||
Next $150 million |
0.55 | % | ||
Next $9.5 billion |
0.45 | % | ||
Over $10 billion |
0.43 | % |
Invesco Main Street All Cap Fund®*
Net Assets |
Annual Rate | |||
First $200 million |
0.75 | % | ||
Next $200 million |
0.72 | % | ||
Next $200 million |
0.69 | % | ||
Next $200 million |
0.66 | % | ||
Next 4.2 billion |
0.60 | % | ||
Over $5 billion |
0.58 | % |
* | The advisory fee payable by the Fund shall be reduced by any amounts paid by such Fund under the Administrative Services Agreement between such Fund and Invesco Advisers, Inc. |
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Invesco Rising Dividends Fund*
Net Assets |
Annual Rate | |||
First $800 million |
0.65 | % | ||
Next $700 million |
0.60 | % | ||
Next $1 billion |
0.58 | % | ||
Next $2.5 billion |
0.56 | % | ||
Next $5 billion |
0.54 | % | ||
Over $10 billion |
0.52 | % |
Invesco Summit Fund
Net Assets |
Annual Rate | |||
First $10 million |
1.00 | % | ||
Over $10 million up to and including $150 million |
0.75 | % | ||
Over $150 million |
0.625 | %” |
2. | In all other respects, the Agreement is hereby confirmed and remains in full force and effect. |
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IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective officers on the date first written above.
AIM EQUITY FUNDS | ||
(INVESCO EQUITY FUNDS) | ||
By: | /s/ Xxxxxxx X. Xxxxx | |
Xxxxxxx X. Xxxxx | ||
Secretary, Senior Vice President and | ||
Chief Legal Officer | ||
INVESCO ADVISERS, INC. | ||
By: | /s/ Xxxxxxx X. Xxxxx | |
Xxxxxxx X. Xxxxx | ||
Senior Vice President & Secretary |
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