MEMORANDUM OF AGREEMENT (Expense Limitations)
(Expense Limitations)
This Memorandum of Agreement is entered into as of the Effective Date on the attached exhibits (the “Exhibits”), between AIM Counselor Series Trust (Invesco Counselor Series Trust), AIM Equity Funds (Invesco Equity Funds), AIM Funds Group (Invesco Funds Group), AIM Growth Series (Invesco Growth Series), AIM International Mutual Funds (Invesco International Mutual Funds), AIM Investment Funds (Invesco Investment Funds), AIM Investment Securities Funds (Invesco Investment Securities Funds), AIM Sector Funds (Invesco Sector Funds), AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds), AIM Variable Insurance Funds (Invesco Variable Insurance Funds), Invesco California Value Municipal Trust, Invesco Management Trust, Invesco Municipal Opportunity Trust, Invesco Quality Municipal Income Trust, Invesco Securities Trust, Invesco Trust for Investment Grade New York Municipals and Short-Term Investments Trust (each a “Trust” or, collectively, the “Trusts”), on behalf of the funds listed on the Exhibits to this Memorandum of Agreement (the “Funds”), and Invesco Advisers, Inc. (“Invesco”). Invesco shall and hereby agrees to waive fees or reimburse expenses of each Fund, on behalf of its respective classes as applicable, severally and not jointly, as indicated in the attached Exhibits.
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 Invesco agree as follows:
For the Contractual Limits (listed in Exhibits A – D), Invesco agrees until at least the expiration date set forth on the attached Exhibits A – D (the “Expiration Date”) that Invesco will waive its fees or reimburse expenses to the extent that expenses of a class of a Fund (excluding (i) interest; (ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary or non-routine items, including litigation expenses; and (v) expenses that each Fund has incurred but did not actually pay because of an expense offset arrangement, if applicable) exceed the rate, on an annualized basis, set forth on the Exhibits of the average daily net assets allocable to such class. Acquired fund fees and expenses are not fees or expenses incurred by a fund directly but are expenses of the investment companies in which a fund invests. These fees and expenses are incurred indirectly through the valuation of a fund’s investment in these investment companies. Acquired fund fees and expenses are required to be disclosed and included in the total annual fund operating expenses in the prospectus fee table. As a result, the net total annual fund operating expenses shown in the prospectus fee table may exceed the expense limits reflected in Exhibits A - D. With regard to the Contractual Limits, the Board of Trustees of the Trust and Invesco may terminate or modify this Memorandum of Agreement prior to the Expiration Date only by mutual written consent. Invesco will not have any right to reimbursement of any amount so waived or reimbursed.
For the Contractual Limits, Invesco agrees to review the then-current expense limitations for each class of each Fund listed on the Exhibits on a date prior to the Expiration Date to determine whether such limitations should be amended, continued or terminated. The expense limitations will expire upon the Expiration Date unless Invesco has agreed to continue them. The Exhibits will be amended to reflect any such agreement.
For the Voluntary Limits (listed in Exhibits A – D), Invesco agrees that these are not contractual in nature and that Invesco may establish, amend and/or terminate such expense limitations at any time in its sole discretion. Any delay or failure by Invesco to update this Memorandum of Agreement with regards to the terminations, extensions, or expirations of the Voluntary Limits shall have no effect on the term of such Voluntary Limitations; the Voluntary Limitations are listed herein for informational purposes only.
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 each Fund, 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 Invesco have entered into this Memorandum of Agreement as of the Effective Dates on the attached Exhibits.
AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
AIM FUNDS GROUP (INVESCO FUNDS GROUP)
AIM GROWTH SERIES (INVESCO GROWTH SERIES)
AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)
AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
INVESCO CALIFORNIA VALUE MUNICIPAL INCOME TRUST
INVESCO MANAGEMENT TRUST
INVESCO MUNICIPAL OPPORTUNITY TRUST
INVESCO QUALITY MUNICIPAL INCOME TRUST
INVESCO SECURITIES TRUST
INVESCO TRUST FOR INVESTMENT GRADE NEW YORK MUNICIPALS
SHORT-TERM INVESTMENTS TRUST
on behalf of the Funds listed in the Exhibits
to this Memorandum of Agreement
| By: |
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| Title: | Senior Vice President | |||||
| INVESCO ADVISERS, INC. | ||||||
| By: |
|
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| Title: | Senior Vice President | |||||
2
EXHIBIT “A” – RETAIL FUNDS1
AIM Counselor Series Trust (Invesco Counselor Series Trust)
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Invesco American Franchise Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 2.25% 1.75% 1.75% 1.75% |
July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 0000 | ||||
| Xxxxxxx Xxxxxxxxxx Tax-Free Income Fund Class A Shares Class B Shares Class C Shares Class Y Shares |
Contractual Contractual Contractual Contractual |
1.50% 2.00% 2.00% 1.25% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Core Plus Bond Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
0.86% 1.61% 1.61% 1.11% 0.61% 0.61% 0.61% |
January 1, 2015 January 1, 2015 January 1, 2015 January 1, 2015 January 1, 2015 January 1, 2015 January 1, 2015 |
December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 | ||||
| Invesco Equally-Weighted S&P 500 Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 2.25% 1.75% 1.75% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 September 24, 2012 July 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Equity and Income Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
1.50% 2.25% 2.25% 1.75% 1.25% 1.25% 1.25% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 September 24, 2012 July 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Floating Rate Fund Class A Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
1.50% 2.00% 1.75% 1.25% 1.25% 1.25% |
April 14, 2006 April 14, 2006 April 14, 2006 April 14, 2006 September 24, 2012 October 3, 2008 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Global Real Estate Income Fund Class A Shares Class B Shares Class C Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 1.75% 1.75% 1.75% |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 September 24, 2012 July 1, 2009 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
See page 16 for footnotes to Exhibit A.
3
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Invesco Growth and Income Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 2.25% 1.75% 1.75% 1.75% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 September 24, 2012 July 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Low Volatility Equity Yield Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class Y Shares Investor Class Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 2.25% 1.75% 1.75% 2.00% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 0000 | ||||
| Xxxxxxx Xxxxxxxxxxxx Tax Free Income Fund Class A Shares Class B Shares Class C Shares Class Y Shares |
Contractual Contractual Contractual Contractual |
1.50% 2.25% 2.25% 1.25% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco S&P 500 Index Fund Class A Shares Class B Shares Class C Shares Class Y Shares |
Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 1.75% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Short Duration High Yield Municipal Fund Class A Shares Class C Shares Class R5 Shares Class Y Shares |
Contractual Contractual Contractual Contractual |
0.79% 1.54% 0.54% 0.54% |
September 30, 2015 September 30, 2015 September 30, 2015 September 30, 2015 |
September 30, 2016 September 30, 2016 September 30, 2016 September 30, 2016 | ||||
| Invesco Small Cap Discovery Fund Class A Shares Class B Shares Class C Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 1.75% 1.75% 1.75% |
July 1, 2012 July 1, 2012 July 1, 2012 September 24, 2012 September 24, 2012 July 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Strategic Real Return Fund Class A Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
0.82% less net AFFE* 1.57% less net AFFE* 1.07% less net AFFE* 0.57% less net AFFE* 0.57% less net AFFE* 0.57% less net AFFE* |
April 30, 2014 April 30, 2014 April 30, 2014 April 30, 2014 April 30, 2014 April 30, 2014 |
December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 | ||||
See page 16 for footnotes to Exhibit A.
4
AIM Equity Funds (Invesco Equity Funds)
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Invesco Charter Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class S Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 2.25% 1.75% 1.75% 1.90% 1.75% |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 September 24, 2012 September 25, 2009 July 1, 2009 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Diversified Dividend Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares Investor Class Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 2.25% 1.75% 1.75% 1.75% 2.00% |
July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 0000 | ||||
| Xxxxxxx Xxxxxx Fund Class A Shares Class B Shares Class C Shares Class P Shares Class R5 Shares Class S Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 1.85% 1.75% 1.90% 1.75% |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 September 25, 2009 July 1, 2009 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
AIM Funds Group (Invesco Funds Group)
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Invesco European Small Company Fund Class A Shares Class B Shares Class C Shares Class Y Shares |
Contractual Contractual Contractual Contractual |
2.25% 3.00% 3.00% 2.00% |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Global Core Equity Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
2.25% 3.00% 3.00% 2.50% 2.00% 2.00% |
July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco International Small Company Fund Class A Shares Class B Shares Class C Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
2.25% 3.00% 3.00% 2.00% 2.00% 2.00% |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 September 24, 2012 July 1, 2009 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
See page 16 for footnotes to Exhibit A.
5
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Invesco Small Cap Equity Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 2.25% 1.75% 1.75% 1.75% |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 September 24, 2012 July 1, 2009 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
|
AIM Growth Series (Invesco Growth Series)
| ||||||||
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Invesco Alternative Strategies Fund Class A Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
0.52% 1.27% 0.77% 0.27% 0.27% 0.27% |
October 14, 2014 October 14, 2014 October 14, 2014 October 14, 2014 October 14, 2014 October 14, 2014 |
October 31, 2016 October 31, 2016 October 31, 2016 October 31, 2016 October 31, 2016 October 31, 2016 | ||||
| Invesco Balanced-Risk Retirement 2020 Fund Class A Shares Class AX Shares Class B Shares Class C Shares Class CX Shares Class R Shares Class R5 Shares Class R6 Shares Class RX Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
0.25% 0.25% 1.00% 1.00% 1.00% 0.50% 0.00% 0.00% 0.50% 0.00% |
November 4, 2009 February 12, 2010 November 4, 2009 November 4, 2009 February 12, 2010 November 4, 2009 November 4, 2009 September 24, 2012 February 12, 2010 November 4, 2009 |
April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 | ||||
| Invesco Balanced-Risk Retirement 2030 Fund Class A Shares Class AX Shares Class B Shares Class C Shares Class CX Shares Class R Shares Class R5 Shares Class R6 Shares Class RX Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
0.25% 0.25% 1.00% 1.00% 1.00% 0.50% 0.00% 0.00% 0.50% 0.00% |
November 4, 2009 February 12, 2010 November 4, 2009 November 4, 2009 February 12, 2010 November 4, 2009 November 4, 2009 September 24, 2012 February 12, 2010 November 4, 2009 |
April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 | ||||
| Invesco Balanced-Risk Retirement 2040 Fund Class A Shares Class AX Shares Class B Shares Class C Shares Class CX Shares Class R Shares Class R5 Shares Class R6 Shares Class RX Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
0.25% 0.25% 1.00% 1.00% 1.00% 0.50% 0.00% 0.00% 0.50% 0.00% |
November 4, 2009 February 12, 2010 November 4, 2009 November 4, 2009 February 12, 2010 November 4, 2009 November 4, 2009 September 24, 2012 February 12, 2010 November 4, 2009 |
April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 | ||||
See page 16 for footnotes to Exhibit A.
6
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Invesco Balanced-Risk Retirement 2050 Fund Class A Shares Class AX Shares Class B Shares Class C Shares Class CX Shares Class R Shares Class R5 Shares Class R6 Shares Class RX Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
0.25% 0.25% 1.00% 1.00% 1.00% 0.50% 0.00% 0.00% 0.50% 0.00% |
November 4, 2009 February 12, 2010 November 4, 2009 November 4, 2009 February 12, 2010 November 4, 2009 November 4, 2009 September 24, 2012 February 12, 2010 November 4, 2009 |
April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 | ||||
| Invesco Balanced-Risk Retirement Now Fund Class A Shares Class AX Shares Class B Shares Class C Shares Class CX Shares Class R Shares Class R5 Shares Class R6 Shares Class RX Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
0.25% 0.25% 1.00% 1.00% 1.00% 0.50% 0.00% 0.00% 0.50% 0.00% |
November 4, 2009 February 12, 2010 November 4, 2009 November 4, 2009 February 12, 2010 November 4, 2009 November 4, 2009 September 24, 2012 February 12, 2010 November 4, 2009 |
April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 | ||||
| Invesco Conservative Allocation Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class S Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
1.50% 2.25% 2.25% 1.75% 1.25% 1.40% 1.25% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Convertible Securities Fund Class A Shares Class B Shares Class C Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
1.50% 2.25% 2.25% 1.25% 1.25% 1.25% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 September 24, 2012 July 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Global Low Volatility Equity Yield Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
1.46% 2.21% 2.21% 1.71% 1.21% 1.21% |
May 1, 2015 May 1, 2015 May 1, 2015 May 1, 2015 May 1, 2015 May 1, 2015 |
April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 | ||||
| Invesco Growth Allocation Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class S Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 2.25% 1.75% 1.90% 1.75% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
See page 16 for footnotes to Exhibit A.
7
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Invesco Income Allocation Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
0.25% 1.00% 1.00% 0.50% 0.00% 0.00% |
May 1, 2012 May 1, 2012 May 1, 2012 May 1, 2012 May 1, 2012 May 1, 2012 |
April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 | ||||
| Invesco International Allocation Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
2.25% 3.00% 3.00% 2.50% 2.00% 2.00% |
May 1, 2012 May 1, 2012 May 1, 2012 May 1, 2012 May 1, 2012 May 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Mid Cap Core Equity Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 2.25% 1.75% 1.75% 1.75% |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 September 24, 2012 July 1, 2009 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Moderate Allocation Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class S Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
1.50% 2.25% 2.25% 1.75% 1.25% 1.40% 1.25% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Multi-Asset Inflation Fund Class A Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
1.36% less net AFFE* 2.11% less net AFFE* 1.61% less net AFFE* 1.11% less net AFFE* 1.11% less net AFFE* 1.11% less net AFFE* |
October 14, 2014 October 14, 2014 October 14, 2014 October 14, 2014 October 14, 2014 October 14, 2014 |
April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 April 30, 2016 | ||||
| Invesco Small Cap Growth Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares Investor Class Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 2.25% 1.75% 1.75% 1.75% 2.00% |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 September 24, 2012 July 1, 2009 July 1, 2009 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 0000 | ||||
| Xxxxxxx X.X. Mortgage Fund Class A Shares Class B Shares Class C Shares Class R5 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual |
1.50% 2.25% 2.25% 1.25% 1.25% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
See page 16 for footnotes to Exhibit A.
8
AIM International Mutual Funds (Invesco International Mutual Funds)
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Invesco Asia Pacific Growth Fund Class A Shares Class B Shares Class C Shares Class Y Shares |
Contractual Contractual Contractual Contractual |
2.25% 3.00% 3.00% 2.00% |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco European Growth Fund Class A Shares Class B Shares Class C Shares Class R Shares Class Y Shares Investor Class Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
2.25% 3.00% 3.00% 2.50% 2.00% 2.25% |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 |
June 30, 2016 June 30. 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Global Growth Fund Class A Shares Class B Shares Class C Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
1.31% 2.06% 2.06% 1.06% 1.06% 1.06% |
October 1, 2015 October 1, 2015 October 1, 2015 October 1, 2015 October 1, 2015 October 1, 2015 |
February 28, 2017 February 28, 2017 February 28, 2017 February 28, 2017 February 28, 2017 February 28, 2017 | ||||
| Invesco Global Opportunities Fund Class A Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
1.36% 2.11% 1.61% 1.11% 1.11% 1.11% |
August 1, 2012 August 1, 2012 August 1, 2012 August 1, 2012 September 24, 2012 August 1, 2012 |
February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 | ||||
| Invesco Global Small & Mid Cap Growth Fund Class A Shares Class B Shares Class C Shares Class R5 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual |
2.25% 3.00% 3.00% 2.00% 2.00% |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 |
June 30. 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco International Companies Fund Class A Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
1.33% 2.08% 1.58% 1.08% 1.08% 1.08% |
December 18, 2015 December 18, 2015 December 18, 2015 December 18, 2015 December 18, 2015 December 18, 2015 |
December 31, 2016 December 31, 2016 December 31, 2016 December 31, 2016 December 31, 2016 December 31, 2016 | ||||
| Invesco International Core Equity Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares Investor Class Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
2.25% 3.00% 3.00% 2.50% 2.00% 2.00% 2.00% 2.25% |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 September 24, 2012 July 1, 2009 July 1, 2009 |
June 30. 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
See page 16 for footnotes to Exhibit A.
9
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Invesco International Growth Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
2.25% 3.00% 3.00% 2.50% 2.00% 2.00% 2.00% |
July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Select Opportunities Fund Class A Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
1.51% 2.26% 1.76% 1.26% 1.26% 1.26% |
August 1, 2012 August 1, 2012 August 1, 2012 August 1, 2012 September 24, 2012 August 1, 2012 |
February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 | ||||
|
AIM Investment Funds (Invesco Investment Funds)
| ||||||||
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Invesco All Cap Market Neutral Fund Class A Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
1.62% 2.37% 1.87% 1.37% 1.37% 1.37% |
December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 |
February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 | ||||
| Invesco Balanced-Risk Allocation Fund3 Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 2.25% 1.75% 1.75% 1.75% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 September 24, 2012 July 1, 2012 |
June 30. 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Balanced-Risk Commodity Strategy Fund4 Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 2.25% 1.75% 1.75% 1.75% |
July 1, 2014 July 1, 2014 July 1, 2014 July 1, 2014 July 1, 2014 July 1, 2014 July 1, 2014 |
June 30. 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Developing Markets Fund Class A Shares Class B Shares Class C Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
2.25% 3.00% 3.00% 2.00% 2.00% 2.00% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 September 24, 2012 July 1, 2012 |
June 30. 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
See page 16 for footnotes to Exhibit A.
10
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Invesco Emerging Markets Equity Fund Class A Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
1.85% 2.60% 2.10% 1.60% 1.60% 1.60% |
May 11, 2011 May 11, 2011 May 11, 2011 May 11, 2011 September 24, 2012 May 11, 2011 |
February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 | ||||
| Invesco Emerging Market Local Currency Debt Fund Class A Shares Class B Shares Class C Shares Class R Shares Class Y Shares Class R5 Shares Class R6 Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
1.24% 1.99% 1.99% 1.49% 0.99% 0.99% 0.99% |
June 14, 2010 June 14, 2010 June 14, 2010 June 14, 2010 June 14, 2010 June 14, 2010 September 24, 2012 |
February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 | ||||
| Invesco Endeavor Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 2.25% 1.75% 1.75% 1.75% |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 September 24, 2012 July 1, 2009 |
June 30. 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Global Health Care Fund Class A Shares Class B Shares Class C Shares Class Y Shares Investor Class Shares |
Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 1.75% 2.00% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 |
June 30. 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Global Infrastructure Fund Class A Shares Class C Shares Class R Shares Class Y Shares Class R5 Shares Class R6 Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
1.40% 2.15% 1.65% 1.15% 1.15% 1.15% |
May 2, 2014 May 2, 2014 May 2, 2014 May 2, 2014 May 2, 2014 May 2, 2014 |
February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 | ||||
| Invesco Global Markets Strategy Fund5 Class A Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
1.80% less net AFFE* 2.55% less net AFFE* 2.05% less net AFFE* 1.55% less net AFFE* 1.55% less net AFFE* 1.55% less net AFFE* |
December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 |
February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 | ||||
| Invesco Global Market Neutral Fund Class A Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
1.62% 2.37% 1.87% 1.37% 1.37% 1.37% |
December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 |
February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 | ||||
| Invesco Global Targeted Returns Fund6 Class A Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
1.80% less net AFFE* 2.55% less net AFFE* 2.05% less net AFFE* 1.55% less net AFFE* 1.55% less net AFFE* 1.55% less net AFFE* |
December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 |
February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 | ||||
See page 16 for footnotes to Exhibit A.
11
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Invesco Greater China Fund Class A Shares Class B Shares Class C Shares Class R5 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual |
2.25% 3.00% 3.00% 2.00% 2.00% |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco International Total Return Fund Class A Shares Class B Shares Class C Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
1.10% 1.85% 1.85% 0.85% 0.85% 0.85% |
Xxxxx 00, 0000 Xxxxx 31, 2006 March 31, 2006 October 3, 2008 September 24, 2012 March 31, 2006 |
February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 | ||||
| Invesco Long/Short Equity Fund Class A Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
1.87% 2.62% 2.12% 1.62% 1.62% 1.62% |
December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 |
February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 | ||||
| Invesco Low Volatility Emerging Markets Fund Class A Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
1.72% 2.47% 1.97% 1.47% 1.47% 1.47% |
December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 |
February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 | ||||
| Invesco MLP Fund Class A Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
1.50% 2.25% 1.75% 1.25% 1.25% 1.25% |
August 29, 2014 August 29, 2014 August 29, 2014 August 29, 2014 August 29, 2014 August 29, 2014 |
February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 | ||||
| Invesco Macro International Equity Fund Class A Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
1.43% 2.18% 1.68% 1.18% 1.18% 1.18% |
December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 |
February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 | ||||
| Invesco Macro Long/Short Fund Class A Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
1.87% 2.62% 2.12% 1.62% 1.62% 1.62% |
December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 December 17, 2013 |
February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 | ||||
| Invesco Pacific Growth Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
2.25% 3.00% 3.00% 2.50% 2.00% 2.00% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 |
June 30. 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
See page 16 for footnotes to Exhibit A.
12
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Invesco Premium Income Fund Class A Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
1.05% 1.80% 1.30% 0.80% 0.80% 0.80% |
Xxxxx 0, 0000 Xxxxx 1, 2015 March 1, 2015 Xxxxx 0, 0000 Xxxxx 1, 2015 March 1, 2015 |
February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 | ||||
| Invesco Select Companies Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 2.25% 1.75% 1.75% |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 |
June 30. 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Strategic Income Fund Class A Shares Class C Shares Class R Shares Class Y Shares Class R5 Shares Class R6 Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
0.85% less net AFFE* 1.60% less net AFFE* 1.10% less net AFFE* 0.60% less net AFFE* 0.60% less net AFFE* 0.60% less net AFFE* |
May 2, 2014 May 2, 2014 May 2, 2014 May 2, 2014 May 2, 2014 May 2, 2014 |
February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 | ||||
| Invesco Unconstrained Bond Fund Class A Shares Class C Shares Class R Shares Class Y Shares Class R5 Shares Class R6 Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
1.04% less net AFFE* 1.79% less net AFFE* 1.29% less net AFFE* 0.79% less net AFFE* 0.79% less net AFFE* 0.79% less net AFFE* |
October 14, 2014 October 14, 2014 October 14, 2014 October 14, 2014 October 14, 2014 October 14, 2014 |
February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 February 29, 2016 | ||||
|
AIM Investment Securities Funds (Invesco Investment Securities Funds)
| ||||||||
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Invesco Corporate Bond Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
1.50% 2.25% 2.25% 1.75% 1.25% 1.25% 1.25% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 September 24, 2012 July 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Global Real Estate Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 2.25% 1.75% 1.75% 1.75% |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 September 24, 2012 July 1, 2009 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco High Yield Fund Class A Shares Class B Shares Class C Shares Class R5 Shares Class R6 Shares Class Y Shares Investor Class Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
1.50% 2.25% 2.25% 1.25% 1.25% 1.25% 1.50% |
July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
See page 16 for footnotes to Exhibit A.
13
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Invesco Short Duration Inflation Protected Fund Class A Shares Class A2 Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual |
0.55% 0.45% 0.30% 0.30% 0.30% |
December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 |
December 31, 2016 December 31, 2016 December 31, 2016 December 31, 2016 December 31, 2016 | ||||
| Invesco Real Estate Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares Investor Class Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 2.25% 1.75% 1.75% 1.75% 2.00% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 September 24, 2012 July 1, 2012 July 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Short Term Bond Fund Class A Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
1.40% 1.75%2 1.75% 1.25% 1.25% 1.25% |
July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 0000 | ||||
| Xxxxxxx X.X. Government Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class Y Shares Investor Class Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
1.50% 2.25% 2.25% 1.75% 1.25% 1.25% 1.50% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| AIM Sector Funds (Invesco Sector Funds) | ||||||||
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Invesco American Value Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 2.25% 1.75% 1.75% 1.75% |
July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Xxxxxxxx Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 2.25% 1.75% 1.75% 1.75% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 September 24, 2012 July 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Energy Fund Class A Shares Class B Shares Class C Shares Class R5 Shares Class Y Shares Investor Class Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 1.75% 1.75% 2.00% |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
See page 16 for footnotes to Exhibit A.
14
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Invesco Dividend Income Fund Class A Shares Class B Shares Class C Shares Class R5 Shares Class R6 Shares Class Y Shares Investor Class Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
1.14% 1.89% 1.89% 0.89% 0.89% 0.89% 1.14% |
September 1, 2014 September 1, 2014 September 1, 2014 September 1, 2014 September 1, 2014 September 1, 2014 September 1, 2014 |
August 31, 2016 August 31, 2016 August 31, 2016 August 31, 2016 August 31, 2016 August 31, 2016 August 31, 2016 | ||||
| Invesco Gold & Precious Metals Fund Class A Shares Class B Shares Class C Shares Class Y Shares Investor Class Shares |
Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 1.75% 2.00% |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Mid Cap Growth Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
1.15% 1.90% 1.90% 1.40% 0.90% 0.90% 0.90% |
July 15, 2013 July 15, 2013 July 15, 2013 July 15, 2013 July 15, 2013 July 15, 2013 July 15, 2013 |
July 31, 2015 July 31, 2015 July 31, 2015 July 31, 2015 July 31, 2015 July 31, 2015 July 31, 2015 | ||||
| Invesco Mid Cap Growth Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class R6 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 2.25% 1.75% 1.75% 1.75% |
August 1, 2015 August 1, 2015 August 1, 2015 August 1, 2015 August 1, 2015 August 1, 2015 August 1, 2015 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Small Cap Value Fund Class A Shares Class B Shares Class C Shares Class Y Shares |
Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 1.75% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Technology Fund Class A Shares Class B Shares Class C Shares Class R5 Shares Class Y Shares Investor Class Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 1.75% 1.75% 2.00% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Technology Sector Fund Class A Shares Class B Shares Class C Shares Class Y Shares |
Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 1.75% |
February 12, 2010 February 12, 2010 February 12, 2010 February 12, 2010 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Value Opportunities Fund Class A Shares Class B Shares Class C Shares Class R Shares Class R5 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual Contractual |
2.00% 2.75% 2.75% 2.25% 1.75% 1.75% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
See page 16 for footnotes to Exhibit A.
15
AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds)
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Invesco High Yield Municipal Fund Class A Shares Class B Shares Class C Shares Class R5 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual |
1.50% 2.25% 2.25% 1.25% 1.25% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Intermediate Term Municipal Income Fund Class A Shares Class B Shares Class C Shares Class Y Shares |
Contractual Contractual Contractual Contractual |
0.80% 1.55% 1.55% 0.55% |
July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Municipal Income Fund Class A Shares Class B Shares Class C Shares Class Y Shares Investor Class |
Contractual Contractual Contractual Contractual Contractual |
1.50% 2.25% 2.25% 1.25% 1.50% |
July 1, 2013 July 1, 2013 July 1, 2013 July 1, 2013 July 15, 2013 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco New York Tax Free Income Fund Class A Shares Class B Shares Class C Shares Class Y Shares |
Contractual Contractual Contractual Contractual |
1.50% 2.25% 2.25% 1.25% |
July 1, 2012 July 1, 2012 July 1, 2012 July 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Limited Term Municiipal Income Fund Class A Shares Class A2 Shares Class C Shares Class R5 Shares Class Y Shares |
Contractual Contractual Contractual Contractual Contractual |
1.50% 1.25% 2.25% 1.25% 1.25% |
July 1, 2012 July 1, 2012 June 30, 2013 July 1, 2012 July 1, 2012 |
June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 June 30, 2016 | ||||
| Invesco Management Trust | ||||||||
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Invesco Conservative Income Fund Institutional Class |
Contractual | 0.28% | July 1, 2014 | December 31, 2015 | ||||
| Invesco Securities Trust | ||||||||
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Invesco Balanced-Risk Aggressive Allocation Fund |
Contractual | 1.15% less net AFFE* | January 16, 2013 | February 29, 2016 | ||||
| * | Acquired Fund Fees and Expenses (“AFFE”) will be calculated as of the Fund’s fiscal year end according to Instruction 3(f) of Item 3 of Form N-1A. “Net AFFE” will be calculated by subtracting any waivers by Invesco associated with investments in affiliated funds, such as investments in affiliated money market funds, from the AFFE calculated in accordance with the preceding sentence. For clarity, the NET AFFE calculated as of the Fund’s fiscal year end will be used throughout the waiver period in establishing the Fund’s waiver amount, regardless of whether actual AFFE is more or less during the waiver period. |
| 1 | The total operating expenses of any class of shares established after the date of this Memorandum of Agreement will be limited to the amount established for Class A Shares plus the difference between the new class 12b-1 rate and the Class A 12b-1 rate. |
| 2 | The expense limit shown is the expense limit after Rule 12b-1 fee waivers by Invesco Distributors, Inc. |
| 3 | Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund I, Ltd. |
| 4 | Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund III, Ltd. |
| 5 | Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund V, Ltd. |
| 6 | Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund VII, Ltd. |
16
EXHIBIT “B” – INSTITUTIONAL MONEY MARKET FUNDS1,2
Short-Term Investments Trust
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Government & Agency Portfolio Cash Management Class Corporate Class Institutional Class Personal Investment Class Private Investment Class Reserve Class Resource Class |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
0.22%2 0.17% 0.14% 0.69%2 0.44%2 1.01%2 0.30%2 |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 |
December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 | ||||
| Government TaxAdvantage Portfolio Cash Management Class Corporate Class Institutional Class Personal Investment Class Private Investment Class Reserve Class Resource Class |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
0.22%2 0.17% 0.14% 0.69%2 0.39%2 1.01%2 0.30%2 |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 |
December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 | ||||
| Liquid Assets Portfolio Cash Management Class Corporate Class Institutional Class Personal Investment Class Private Investment Class Reserve Class Resource Class |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
0.22%2 0.17% 0.14% 0.69%2 0.44%2 1.01%2 0.34% |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 |
December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 | ||||
| STIC Prime Portfolio Cash Management Class Corporate Class Institutional Class Personal Investment Class Private Investment Class Reserve Class Resource Class |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
0.22%2 0.17% 0.14% 0.69%2 0.44%2 1.01%2 0.30%2 |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 |
December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 | ||||
| Tax-Free Cash Reserve Portfolio3 Cash Management Class Corporate Class Institutional Class Personal Investment Class Private Investment Class Reserve Class Resource Class |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
0.33%2 0.28% 0.25% 0.80%2 0.50%2 1.12%2 0.41%2 |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 |
December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 | ||||
| Treasury Portfolio Cash Management Class Corporate Class Institutional Class Personal Investment Class Private Investment Class Reserve Class Resource Class |
Contractual Contractual Contractual Contractual Contractual Contractual Contractual |
0.22%2 0.17% 0.14% 0.69%2 0.44%2 1.01%2 0.30%2 |
July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 July 1, 2009 |
December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 December 31, 2015 | ||||
| 1 | The expense rate excluding 12b-1 fees of any class of shares established after the date of this Memorandum of Agreement will be the same as existing classes. |
| 2 | The expense limit shown is the expense limit after Rule 12b-1 fee waivers by Invesco Distributors, Inc. |
| 3 | The expense limitation also excludes Trustees’ fees and federal registration expenses. |
17
EXHIBIT “C” – VARIABLE INSURANCE FUNDS
AIM Variable Insurance Funds (Invesco Variable Insurance Funds)
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Invesco V.I. American Franchise Fund Series I Shares |
Contractual | 2.00% | July 1, 2014 | June 30, 2016 | ||||
| Series II Shares |
Contractual | 2.25% | July 1, 2014 | June 30, 2016 | ||||
| Invesco V.I. American Value Fund Series I Shares |
Contractual | 2.00% | July 1, 2012 | June 30, 2016 | ||||
| Series II Shares |
Contractual | 2.25% | July 1, 2012 | June 30, 2016 | ||||
| Invesco V.I. Balanced-Risk Allocation Fund1 Series I Shares |
Contractual | 0.80% less net AFFE* | May 1, 2014 | April 30, 2016 | ||||
| Series II Shares |
Contractual | 1.05% less net AFFE* | May 1, 2014 | April 30, 2016 | ||||
| Invesco V.I. Xxxxxxxx Fund Series I Shares |
Contractual | 0.78% | May 1, 2013 | April 30, 2016 | ||||
| Series II Shares |
Contractual | 1.03% | May 1, 2013 | April 30, 2016 | ||||
| Invesco V.I. Core Equity Fund Series I Shares |
Contractual | 2.00% | May 1, 2013 | June 30, 2016 | ||||
| Series II Shares |
Contractual | 2.25% | May 1, 2013 | June 30, 2016 | ||||
| Invesco V.I. Core Plus Bond Fund Series I Shares |
Contractual | 0.61% | April 30, 2015 | April 30, 2016 | ||||
| Series II Shares |
Contractual | 0.86% | April 30, 2015 | April 30, 2016 | ||||
| Invesco V.I. Diversified Dividend Fund Series I Shares |
Contractual | 2.00% | May 1, 2013 | June 30, 2016 | ||||
| Series II Shares |
Contractual | 2.25% | May 1, 2013 | June 30, 2016 | ||||
| Invesco V.I. Equally-Weighted S&P 500 Fund Series I Shares |
Contractual | 2.00% | July 1, 2012 | June 30, 2016 | ||||
| Series II Shares |
Contractual | 2.25% | July 1, 2012 | June 30, 2016 | ||||
| Invesco V.I. Equity and Income Fund Series I Shares |
Contractual | 1.50% | July 1, 2012 | June 30, 2016 | ||||
| Series II Shares |
Contractual | 1.75% | July 1, 2012 | June 30, 2016 | ||||
| Invesco V.I. Global Core Equity Fund Series I Shares |
Contractual | 2.25% | July 1, 2012 | June 30, 2016 | ||||
| Series II Shares |
Contractual | 2.50% | July 1, 2012 | June 30, 2016 | ||||
| Invesco V.I. Global Health Care Fund Series I Shares |
Contractual | 2.00% | May 1. 2013 | June 30, 2016 | ||||
| Series II Shares |
Contractual | 2.25% | May 1, 2013 | June 30, 2016 | ||||
| Invesco V.I. Global Real Estate Fund Series I Shares |
Contractual | 2.00% | May 1. 2013 | June 30, 2016 | ||||
| Series II Shares |
Contractual | 2.25% | May 1, 2013 | June 30, 2016 | ||||
| 1 | Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund IV, Ltd. |
18
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||
| Invesco V.I. Government Securities Fund Series I Shares |
Contractual | 1.50% | May 1, 2013 | June 30, 2016 | ||||
| Series II Shares |
Contractual | 1.75% | May 1, 2013 | June 30, 2016 | ||||
| Invesco V.I. Growth and Income Fund Series I Shares |
Contractual | 0.78% | May 1. 2013 | April 30, 2016 | ||||
| Series II Shares |
Contractual | 1.03% | May 1, 2013 | April 30, 2016 | ||||
| Invesco V.I. High Yield Fund Series I Shares |
Contractual | 1.50% | May 1, 2014 | June 30, 2016 | ||||
| Series II Shares |
Contractual | 1.75% | May 1, 2014 | June 30, 2016 | ||||
| Invesco V.I. International Growth Fund Series I Shares |
Contractual | 2.25% | July 1, 2012 | June 30, 2016 | ||||
| Series II Shares |
Contractual | 2.50% | July 1, 2012 | June 30, 2016 | ||||
| Invesco V.I. Managed Volatility Fund Series I Shares |
Contractual | 2.00% | May 1, 2015 | June 30, 2016 | ||||
| Series II Shares |
Contractual | 2.25% | May 1, 2015 | June 30, 2016 | ||||
| Invesco V.I. Mid Cap Core Equity Fund Series I Shares |
Contractual | 2.00% | May 1. 2013 | June 30, 2016 | ||||
| Series II Shares |
Contractual | 2.25% | May 1, 2013 | June 30, 2016 | ||||
| Invesco V.I. Mid Cap Growth Fund Series I Shares |
Contractual | 2.00% | July 1, 2014 | June 30, 2016 | ||||
| Series II Shares |
Contractual | 2.25% | July 1, 2014 | June 30, 2016 | ||||
| Invesco V.I. Money Market Fund Series I Shares |
Contractual | 1.50% | May 1. 2013 | June 30, 2016 | ||||
| Series II Shares |
Contractual | 1.75% | May 1, 2013 | June 30, 2016 | ||||
| Invesco V.I. S&P 500 Index Fund Series I Shares |
Contractual | 2.00% | July 1, 2012 | June 30, 2016 | ||||
| Series II Shares |
Contractual | 2.25% | July 1, 2012 | June 30, 2016 | ||||
| Invesco V.I. Small Cap Equity Fund Series I Shares |
Contractual | 2.00% | May 1. 2013 | June 30, 2016 | ||||
| Series II Shares |
Contractual | 2.25% | May 1, 2013 | June 30, 2016 | ||||
| Invesco V.I. Technology Fund Series I Shares |
Contractual | 2.00% | May 1. 2013 | June 30, 2016 | ||||
| Series II Shares |
Contractual | 2.25% | May 1, 2013 | June 30, 2016 | ||||
| Invesco V.I. Value Opportunities Fund Series I Shares |
Contractual | 2.00% | May 1. 2013 | June 30, 2016 | ||||
| Series II Shares |
Contractual | 2.25% | May 1, 2013 | June 30, 2016 | ||||
| * | Acquired Fund Fees and Expenses (“AFFE”) will be calculated as of the Fund’s fiscal year end according to Instruction 3(f) of Item 3 of Form N-1A. “Net AFFE” will be calculated by subtracting any waivers by Invesco associated with investments in affiliated funds, such as investments in affiliated money market funds, from the AFFE calculated in accordance with the preceding sentence. For clarity, the NET AFFE calculated as of the Fund’s fiscal year end will be used throughout the waiver period in establishing the Fund’s waiver amount, regardless of whether actual AFFE is more or less during the waiver period. |
19
EXHIBIT “D” – CLOSED-END FUNDS
Invesco California Value Municipal Income Trust
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Commitment End Date | ||||
| Invesco California Value Municipal Income Trust |
Voluntary | 0.73% | July 1, 2015 | N/A | ||||
|
Invesco Municipal Opportunity Trust
| ||||||||
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Commitment End Date | ||||
| Invesco Municipal Opportunity Trust |
Voluntary | 0.89% | November 1, 2014 | N/A | ||||
|
Invesco Quality Municipal Income Trust
| ||||||||
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Commitment End Date | ||||
| Invesco Quality Municipal Income Trust |
Voluntary | 0.50% | October 15, 2012 | N/A | ||||
|
Invesco Trust for Investment Grade New York Municipals
| ||||||||
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Commitment End Date | ||||
| Invesco Trust for Investment Grade New York Municipals |
Voluntary | 0.69% | August 27, 2012 | N/A | ||||
20
