MEMORANDUM OF AGREEMENT (Expense Limitations)

MEMORANDUM OF AGREEMENT
(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 Insured Municipal Income Trust, Invesco California Quality Municipal Securities, Invesco High Yield Investments Funds, Inc., Invesco Insured California Municipal Securities, Invesco Insured Municipal Bond Trust, Invesco Insured Municipal Income Trust, Invesco Insured Municipal Securities, Invesco Insured Municipal Trust, Invesco Municipal Income Opportunities Trust, Invesco Municipal Income Opportunities Trust II, Invesco Municipal Income Opportunities Trust III, Invesco Municipal Premium Income Trust, Invesco New York Quality Municipal Securities, Invesco Prime Income Trust, Invesco Quality Municipal Income Trust, Invesco Quality Municipal Investment Trust, Invesco Quality Municipal Securities 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), the Trusts and Invesco agree 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; (v) expenses related to a merger or reorganization, as approved by the Funds’ Boards of Trustees; (vi) expenses of the underlying funds that are paid indirectly as a result of share ownership of the underlying funds; and (vii) 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. Notwithstanding the foregoing, for Funds indicated on Exhibits A — D with an asterisk, Invesco will waive its fees or reimburse expenses to the extent that total annual fund operating expenses after fee waiver and/or expense reimbursement of a class of a Fund (excluding (i) interest; (ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary or non-routine items; (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, each of the Trusts and Invesco agree 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 the Trusts and Invesco have agreed to continue them. The Exhibits will be amended to reflect any such agreement.

For the Voluntary Limits (listed in Exhibits A — D), the Trusts and Invesco agree 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 after consultation with the Funds’ Boards of Trustees. 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 QUALITY MUNICIPAL SECURITIES
INVESCO HIGH YIELD INVESTMENT FUNDS, INC.
INVESCO INSURED CALIFORNIA MUNICIPAL SECURITIES
INVESCO INSURED MUNICIPAL BOND TRUST
INVESCO INSURED MUNICIPAL INCOME TRUST
INVESCO INSURED MUNICIPAL SECURITIES
INVESCO INSURED MUNICIPAL TRUST
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST II
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST III
INVESCO MUNICIPAL PREMIUM INCOME TRUST
INVESCO NEW YORK QUALITY MUNICIPAL SECURITIES
INVESCO PRIME INCOME TRUST
INVESCO QUALITY MUNICIPAL INCOME TRUST
INVESCO QUALITY MUNICIPAL INVESTMENT TRUST
INVESCO QUALITY MUNICIPAL SECURITIES
SHORT-TERM INVESTMENTS TRUST
on behalf of the Funds listed in the Exhibits
to this Memorandum of Agreement



By:		/s/ Xxxx X. Xxxx

Title:		Senior Vice President

		INVESCO ADVISERS, INC.

By:		/s/ Xxxx X. Xxxx

Title:		Senior Vice President

as of June 6, 2011

EXHIBIT “A” — RETAIL FUNDS¹

AIM Counselor Series Trust (Invesco Counselor Series Trust)


	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco California Tax-Free Income Fund^* Class A Shares	Contractual	0.85%	February 12, 2010	June 30, 2012
Class B Shares	Contractual	1.35%	February 12, 2010	June 30, 2012
Class C Shares	Contractual	1.35%	February 12, 2010	June 30, 2012
Class Y Shares	Contractual	0.60%	February 12, 2010	June 30, 2012

Invesco Core Plus Bond Fund Class A Shares	Contractual	0.75%	June 6, 2011	June 30, 2013
Class B Shares	Contractual	1.50%	June 6, 2011	June 30, 2013
Class C Shares	Contractual	1.50%	June 6, 2011	June 30, 2013
Class R Shares	Contractual	1.00%	June 6, 2011	June 30, 2013
Class Y Shares	Contractual	0.50%	June 6, 2011	June 30, 2013
Institutional Class Shares	Contractual	0.50%	June 6, 2011	June 30, 2013

Invesco Dividend Growth Securities Fund^* Class A Shares	Contractual	0.95%	February 12, 2010	June 30, 2012
Class B Shares	Contractual	1.70%	February 12, 2010	June 30, 2012
Class C Shares	Contractual	1.70%	February 12, 2010	June 30, 2012
Class Y Shares	Contractual	0.70%	February 12, 2010	June 30, 2012

Invesco Equally-Weighted S&P 500 Fund^* Class A Shares	Contractual	0.75%	February 12, 2010	June 30, 2012
Class B Shares	Contractual	1.50%	February 12, 2010	June 30, 2012
Class C Shares	Contractual	1.50%	February 12, 2010	June 30, 2012
Class R Shares	Contractual	1.00%	February 12, 2010	June 30, 2012
Class Y Shares	Contractual	0.50%	February 12, 2010	June 30, 2012

Invesco Floating Rate Fund Class A Shares	Contractual	1.50%	April 14, 2006	December 31, 2011
Class C Shares	Contractual	2.00%	April 14, 2006	December 31, 2011
Class R Shares	Contractual	1.75%	April 14, 2006	December 31, 2011
Class Y Shares	Contractual	1.25%	October 3, 2008	December 31, 2011
Institutional Class Shares	Contractual	1.25%	April 14, 2006	December 31, 2011

Invesco S&P 500 Index Fund^* Class A Shares	Contractual	0.65%	February 12, 2010	June 30, 2012
Class B Shares	Contractual	1.40%	February 12, 2010	June 30, 2012
Class C Shares	Contractual	1.40%	February 12, 2010	June 30, 2012
Class Y Shares	Contractual	0.40%	February 12, 2010	June 30, 2012

Invesco Select Real Estate Income Fund Class A Shares	Contractual	2.00%	July 1, 2009	December 31, 2011
Class B Shares	Contractual	2.75%	July 1, 2009	December 31, 2011
Class C Shares	Contractual	2.75%	July 1, 2009	December 31, 2011
Class Y Shares	Contractual	1.75%	July 1, 2009	December 31, 2011
Institutional Class Shares	Contractual	1.75%	July 1, 2009	December 31, 2011

Invesco Structured Core Fund Class A Shares	Contractual	1.00%	July 1, 2009	June 30, 2012
Class B Shares	Contractual	1.75%	July 1, 2009	June 30, 2012
Class C Shares	Contractual	1.75%	July 1, 2009	June 30, 2012
Class R Shares	Contractual	1.25%	July 1, 2009	June 30, 2012
Class Y Shares	Contractual	0.75%	July 1, 2009	June 30, 2012
Investor Class Shares	Contractual	1.00%	July 1, 2009	June 30, 2012
Institutional Class Shares	Contractual	0.75%	July 1, 2009	June 30, 2012

See page 14 for footnotes to Exhibit A.

as of June 6, 2011


	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco Xxx Xxxxxx American Franchise Fund^* Class A Shares	Contractual	1.05%	May 23, 2011	June 30, 2013
Class B Shares	Contractual	1.22%⁹	May 23, 2011	June 30, 2013
Class C Shares	Contractual	1.80%	May 23, 2011	June 30, 2013
Class R Shares	Contractual	1.30%	May 23, 2011	June 30, 2013
Class Y Shares	Contractual	0.80%	May 23, 2011	June 30, 2013
Institutional Class Shares	Contractual	0.80%	May 23, 2011	June 30, 2013

Invesco Xxx Xxxxxx Equity and Income Fund^* Class A Shares	Contractual	0.82%	February 12, 2010	June 30, 2012
Class B Shares	Contractual	0.95%⁹	February 12, 2010	June 30, 2012
Class C Shares	Contractual	1.57%	February 12, 2010	June 30, 2012
Class R Shares	Contractual	1.07%	February 12, 2010	June 30, 2012
Class Y Shares	Contractual	0.57%	February 12, 2010	June 30, 2012
Institutional Class Shares	Contractual	0.57%	February 12, 2010	June 30, 2012

Invesco Xxx Xxxxxx Growth and Income Fund^* Class A Shares	Contractual	0.88%	February 12, 2010	June 30, 2012
Class B Shares	Contractual	1.63%	February 12, 2010	June 30, 2012
Class C Shares	Contractual	1.63%	February 12, 2010	June 30, 2012
Class R Shares	Contractual	1.13%	February 12, 2010	June 30, 2012
Class Y Shares	Contractual	0.63%	February 12, 2010	June 30, 2012
Institutional Class Shares	Contractual	0.63%	February 12, 2010	June 30, 0000

Xxxxxxx Xxx Xxxxxx Xxxxxxxxxxxx Tax Free Income Fund^* Class A Shares	Contractual	1.13%	February 12, 2010	June 30, 2012
Class B Shares	Contractual	1.88%	February 12, 2010	June 30, 2012
Class C Shares	Contractual	1.88%	February 12, 2010	June 30, 2012
Class Y Shares	Contractual	0.88%	February 12, 2010	June 30, 2012

Invesco Xxx Xxxxxx Small Cap Growth Fund^* Class A Shares	Contractual	1.38%	February 12, 2010	June 30, 2012
Class B Shares	Contractual	2.13%	February 12, 2010	June 30, 2012
Class C Shares	Contractual	2.13%	February 12, 2010	June 30, 2012
Class Y Shares	Contractual	1.13%	February 12, 2010	June 30, 2012

AIM Equity Funds (Invesco Equity Funds)


	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco Capital Development Fund Class A Shares	Contractual	2.00%	July 1, 2009	February 28, 2012
Class B Shares	Contractual	2.75%	July 1, 2009	February 28, 2012
Class C Shares	Contractual	2.75%	July 1, 2009	February 28, 2012
Class R Shares	Contractual	2.25%	July 1, 2009	February 28, 2012
Class Y Shares	Contractual	1.75%	July 1, 2009	February 28, 2012
Investor Class Shares	Contractual	2.00%	July 1, 2009	February 28, 2012
Institutional Class Shares	Contractual	1.75%	July 1, 2009	February 28, 2012
Invesco Charter Fund Class A Shares	Contractual	2.00%	July 1, 2009	June 30, 2012
Class B Shares	Contractual	2.75%	July 1, 2009	June 30, 2012
Class C Shares	Contractual	2.75%	July 1, 2009	June 30, 2012
Class R Shares	Contractual	2.25%	July 1, 2009	June 30, 2012
Class S Shares	Contractual	1.90%	September 25, 2009	June 30, 2012
Class Y Shares	Contractual	1.75%	July 1, 2009	June 30, 2012
Institutional Class Shares	Contractual	1.75%	July 1, 2009	June 30, 2012

See page 14 for footnotes to Exhibit A.

as of June 6, 2011


	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco Constellation Fund Class A Shares	Contractual	2.00%	July 1, 2009	February 28, 2012
Class B Shares	Contractual	2.75%	July 1, 2009	February 28, 2012
Class C Shares	Contractual	2.75%	July 1, 2009	February 28, 2012
Class R Shares	Contractual	2.25%	July 1, 2009	February 28, 2012
Class Y Shares	Contractual	1.75%	July 1, 2009	February 28, 2012
Institutional Class Shares	Contractual	1.75%	July 1, 2009	February 28, 2012

Invesco Disciplined Equity Fund Class Y Shares	Contractual	1.75%	July 14, 2009	February 28, 2012

Invesco Diversified Dividend Fund Class A Shares	Contractual	1.00%	May 23, 2011	June 30, 2012
Class B Shares	Contractual	1.75%	May 23, 2011	June 30, 2012
Class C Shares	Contractual	1.75%	May 23, 2011	June 30, 2012
Class R Shares	Contractual	1.25%	May 23, 2011	June 30, 2012
Class Y Shares	Contractual	0.75%	May 23, 2011	June 30, 2012
Investor Class Shares	Contractual	1.00%	May 23, 2011	June 30, 2012
Institutional Class Shares	Contractual	0.75%	May 23, 2011	June 30, 0000
Xxxxxxx Xxxxxx Fund Class A Shares	Contractual	2.00%	July 1, 2009	February 28, 2012
Class B Shares	Contractual	2.75%	July 1, 2009	February 28, 2012
Class C Shares	Contractual	2.75%	July 1, 2009	February 28, 2012
Class P Shares	Contractual	1.85%	July 1, 2009	February 28, 2012
Class S Shares	Contractual	1.90%	September 25, 2009	February 28, 2012
Class Y Shares	Contractual	1.75%	July 1, 2009	February 28, 2012
Institutional Class Shares	Contractual	1.75%	July 1, 2009	February 28, 2012

AIM Funds Group (Invesco Funds Group)


	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco European Small Company Fund Class A Shares	Contractual	2.25%	July 1, 2009	April 30, 2012
Class B Shares	Contractual	3.00%	July 1, 2009	April 30, 2012
Class C Shares	Contractual	3.00%	July 1, 2009	April 30, 2012
Class Y Shares	Contractual	2.00%	July 1, 2009	April 30, 2012
Invesco Global Core Equity Fund Class A Shares	Contractual	1.25%	May 23, 2011	June 30, 2013
Class B Shares	Contractual	1.52%⁹	May 23, 2011	June 30, 2013
Class C Shares	Contractual	2.00%	May 23, 2011	June 30, 2013
Class R Shares	Contractual	1.50%	May 23, 2011	June 30, 2013
Class Y Shares	Contractual	1.00%	May 23, 2011	June 30, 2013
Institutional Class Shares	Contractual	1.00%	May 23, 2011	June 30, 2013

Invesco International Small Company Fund Class A Shares	Contractual	2.25%	July 1, 2009	April 30, 2012
Class B Shares	Contractual	3.00%	July 1, 2009	April 30, 2012
Class C Shares	Contractual	3.00%	July 1, 2009	April 30, 2012
Class Y Shares	Contractual	2.00%	July 1, 2009	April 30, 2012
Institutional Class Shares	Contractual	2.00%	July 1, 2009	April 30, 2012
Invesco Small Cap Equity Fund Class A Shares	Contractual	2.00%	July 1, 2009	April 30, 2012
Class B Shares	Contractual	2.75%	July 1, 2009	April 30, 2012
Class C Shares	Contractual	2.75%	July 1, 2009	April 30, 2012
Class R Shares	Contractual	2.25%	July 1, 2009	April 30, 2012
Class Y Shares	Contractual	1.75%	July 1, 2009	April 30, 2012
Institutional Class Shares	Contractual	1.75%	July 1, 2009	April 30, 2012

See page 14 for footnotes to Exhibit A.

as of June 6, 2011

AIM Growth Series (Invesco Growth Series)


	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco Balanced-Risk Retirement 2020 Fund⁴ Class A Shares	Contractual	0.25%	November 4, 2009	April 30, 2012
Class A5 Shares	Contractual	0.25%	February 12, 2010	April 30, 2012
Class B Shares	Contractual	1.00%	November 4, 2009	April 30, 2012
Class C Shares	Contractual	1.00%	November 4, 2009	April 30, 2012
Class C5 Shares	Contractual	1.00%	February 12, 2010	April 30, 2012
Class R Shares	Contractual	0.50%	November 4, 2009	April 30, 2012
Class R5 Shares	Contractual	0.50%	February 12, 2010	April 30, 2012
Class Y Shares	Contractual	0.00%	November 4, 2009	April 30, 2012
Institutional Class Shares	Contractual	0.00%	November 4, 2009	April 30, 2012

Invesco Balanced-Risk Retirement 2030 Fund⁵ Class A Shares	Contractual	0.25%	November 4, 2009	April 30, 2012
Class A5 Shares	Contractual	0.25%	February 12, 2010	April 30, 2012
Class B Shares	Contractual	1.00%	November 4, 2009	April 30, 2012
Class C Shares	Contractual	1.00%	November 4, 2009	April 30, 2012
Class C5 Shares	Contractual	1.00%	February 12, 2010	April 30, 2012
Class R Shares	Contractual	0.50%	November 4, 2009	April 30, 2012
Class R5 Shares	Contractual	0.50%	February 12, 2010	April 30, 2012
Class Y Shares	Contractual	0.00%	November 4, 2009	April 30, 2012
Institutional Class Shares	Contractual	0.00%	November 4, 2009	April 30, 2012

Invesco Balanced-Risk Retirement 2040 Fund⁶ Class A Shares	Contractual	0.25%	November 4, 2009	April 30, 2012
Class A5 Shares	Contractual	0.25%	February 12, 2010	April 30, 2012
Class B Shares	Contractual	1.00%	November 4, 2009	April 30, 2012
Class C Shares	Contractual	1.00%	November 4, 2009	April 30, 2012
Class C5 Shares	Contractual	1.00%	February 12, 2010	April 30, 2012
Class R Shares	Contractual	0.50%	November 4, 2009	April 30, 2012
Class R5 Shares	Contractual	0.50%	February 12, 2010	April 30, 2012
Class Y Shares	Contractual	0.00%	November 4, 2009	April 30, 2012
Institutional Class Shares	Contractual	0.00%	November 4, 2009	April 30, 2012

Invesco Balanced-Risk Retirement 2050 Fund⁸ Class A Shares	Contractual	0.25%	November 4, 2009	April 30, 2012
Class A5 Shares	Contractual	0.25%	February 12, 2010	April 30, 2012
Class B Shares	Contractual	1.00%	November 4, 2009	April 30, 2012
Class C Shares	Contractual	1.00%	November 4, 2009	April 30, 2012
Class C5 Shares	Contractual	1.00%	February 12, 2010	April 30, 2012
Class R Shares	Contractual	0.50%	November 4, 2009	April 30, 2012
Class R5 Shares	Contractual	0.50%	February 12, 2010	April 30, 2012
Class Y Shares	Contractual	0.00%	November 4, 2009	April 30, 2012
Institutional Class Shares	Contractual	0.00%	November 4, 2009	April 30, 2012

Invesco Balanced-Risk Retirement Now Fund² Class A Shares	Contractual	0.25%	November 4, 2009	June 30, 2012
Class A5 Shares	Contractual	0.25%	February 12, 2010	June 30, 2012
Class B Shares	Contractual	1.00%	November 4, 2009	June 30, 2012
Class C Shares	Contractual	1.00%	November 4, 2009	June 30, 2012
Class C5 Shares	Contractual	1.00%	February 12, 2010	June 30, 2012
Class R Shares	Contractual	0.50%	November 4, 2009	June 30, 2012
Class R5 Shares	Contractual	0.50%	February 12, 2010	June 30, 2012
Class Y Shares	Contractual	0.00%	November 4, 2009	June 30, 2012
Institutional Class Shares	Contractual	0.00%	November 4, 2009	June 30, 2012

See page 14 for footnotes to Exhibit A.

as of June 6, 2011

Contractual/

Expense

Effective Date of

Expiration

Fund

Voluntary

Limitation

Current Limit

Date

Invesco Convertible Securities Fund^*
Class A Shares

Contractual

1.11

May 23, 2011

June 30, 2012

Class B Shares

Contractual

1.86

May 23, 2011

June 30, 2012

Class C Shares

Contractual

1.86

May 23, 2011

June 30, 2012

Class Y Shares

Contractual

0.86

May 23, 2011

June 30, 2012

Institutional Class Shares

Contractual

0.86

May 23, 2011

June 30, 2012

Invesco Global Equity Fund
Class A Shares

Contractual

2.25

July 1, 2009

April 30, 2012

Class B Shares

Contractual

3.00

July 1, 2009

April 30, 2012

Class C Shares

Contractual

3.00

July 1, 2009

April 30, 2012

Class R Shares

Contractual

2.50

July 1, 2009

April 30, 2012

Class Y Shares

Contractual

2.00

July 1, 2009

April 30, 2012

Institutional Class Shares

Contractual

2.00

July 1, 2009

April 30, 2012

Invesco Growth Allocation Fund
Class A Shares

Contractual

0.37

June 6, 2011

June 30, 2012

Class B Shares

Contractual

1.12

June 6, 2011

June 30, 2012

Class C Shares

Contractual

1.12

June 6, 2011

June 30, 2012

Class R Shares

Contractual

0.62

June 6, 2011

June 30, 2012

Class S Shares

Contractual

0.27

June 6, 2011

June 30, 2012

Class Y Shares

Contractual

0.12

June 6, 2011

June 30, 2012

Institutional Class Shares

Contractual

0.12

June 6, 2011

June 30, 2012

Invesco Income Allocation Fund
Class A Shares

Contractual

0.28

July 1, 2009

April 30, 2012

Class B Shares

Contractual

1.03

July 1, 2009

April 30, 2012

Class C Shares

Contractual

1.03

July 1, 2009

April 30, 2012

Class R Shares

Contractual

0.53

July 1, 2009

April 30, 2012

Class Y Shares

Contractual

0.03

July 1, 2009

April 30, 2012

Institutional Class Shares

Contractual

0.03

July 1, 2009

April 30, 2012

Invesco International Allocation Fund

Contractual

0.43

July 1, 2009

April 30, 2012

Class A Shares

Contractual

1.18

July 1, 2009

April 30, 2012

Class B Shares

Contractual

1.18

July 1, 2009

April 30, 2012

Class C Shares

Contractual

0.68

July 1, 2009

April 30, 2012

Class R Shares

Contractual

0.18

July 1, 2009

April 30, 2012

Class Y Shares

Contractual

0.18

July 1, 2009

April 30, 2012

Institutional Class Shares

Invesco Mid Cap Core Equity Fund
Class A Shares

Contractual

2.00

July 1, 2009

April 30, 2012

Class B Shares

Contractual

2.75

July 1, 2009

April 30, 2012

Class C Shares

Contractual

2.75

July 1, 2009

April 30, 2012

Class R Shares

Contractual

2.25

July 1, 2009

April 30, 2012

Class Y Shares

Contractual

1.75

July 1, 2009

April 30, 2012

Institutional Class Shares

Contractual

1.75

July 1, 2009

April 30, 2012

Invesco Moderate Allocation Fund
Class A Shares

Contractual

0.37

July 1, 2009

June 30, 2012

Class B Shares

Contractual

1.12

July 1, 2009

June 30, 2012

Class C Shares

Contractual

1.12

July 1, 2009

June 30, 2012

Class R Shares

Contractual

0.62

July 1, 2009

June 30, 2012

Class S Shares

Contractual

0.27

September 25, 2009

June 30, 2012

Class Y Shares

Contractual

0.12

July 1, 2009

June 30, 2012

Institutional Class Shares

Contractual

0.12

July 1, 2009

June 30, 2012

Invesco Moderately Conservative Allocation Fund
Class A Shares

Contractual

0.39

July 1, 2009

June 30, 2012

Class B Shares

Contractual

1.14

July 1, 2009

June 30, 2012

Class C Shares

Contractual

1.14

July 1, 2009

June 30, 2012

Class R Shares

Contractual

0.64

July 1, 2009

June 30, 2012

Class S Shares

Contractual

0.29

June 6, 2011

June 30, 2012

Class Y Shares

Contractual

0.14

July 1, 2009

June 30, 2012

Institutional Class Shares

Contractual

0.14

July 1, 2009

June 30, 2012

See page 14 for footnotes to Exhibit A.

as of June 6, 2011


	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco Small Cap Growth Fund Class A Shares	Contractual	2.00%	July 1, 2009	April 30, 2012
Class B Shares	Contractual	2.75%	July 1, 2009	April 30, 2012
Class C Shares	Contractual	2.75%	July 1, 2009	April 30, 2012
Class R Shares	Contractual	2.25%	July 1, 2009	April 30, 2012
Class Y Shares	Contractual	1.75%	July 1, 2009	April 30, 2012
Investor Class Shares	Contractual	2.00%	July 1, 2009	April 30, 2012
Institutional Class Shares	Contractual	1.75%	July 1, 2009	April 30, 2012

Invesco Xxx Xxxxxx Leaders Fund^* Class A Shares	Contractual	0.50%	February 12, 2010	June 30, 2012
Class B Shares	Contractual	1.25%	February 12, 2010	June 30, 2012
Class C Shares	Contractual	1.25%	February 12, 2010	June 30, 2012
Class Y Shares	Contractual	0.25%	February 12, 2010	June 30, 2012

Invesco Xxx Xxxxxx U.S. Mortgage Fund* Class A Shares	Contractual	0.96%	February 12, 2010	June 30, 2012
Class B Shares	Contractual	1.71%	February 12, 2010	June 30, 2012
Class C Shares	Contractual	1.71%	February 12, 2010	June 30, 2012
Class Y Shares	Contractual	0.71%	February 12, 2010	June 30, 2012
Institutional Class Shares	Contractual	0.71%	February 12, 2010	June 30, 2012

AIM International Mutual Funds (Invesco International Mutual Funds)


	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco Asia Pacific Growth Fund Class A Shares	Contractual	2.25%	July 1, 2009	February 28, 2012
Class B Shares	Contractual	3.00%	July 1, 2009	February 28, 2012
Class C Shares	Contractual	3.00%	July 1, 2009	February 28, 2012
Class Y Shares	Contractual	2.00%	July 1, 2009	February 28, 2012
Invesco European Growth Fund Class A Shares	Contractual	2.25%	July 1, 2009	February 28, 2012
Class B Shares	Contractual	3.00%	July 1, 2009	February 28, 2012
Class C Shares	Contractual	3.00%	July 1, 2009	February 28, 2012
Class R Shares	Contractual	2.50%	July 1, 2009	February 28, 2012
Class Y Shares	Contractual	2.00%	July 1, 2009	February 28, 2012
Investor Class Shares	Contractual	2.25%	July 1, 2009	February 28, 2012
Invesco Global Growth Fund Class A Shares	Contractual	2.25%	May 23, 2011	February 28, 2012
Class B Shares	Contractual	3.00%	May 23, 2011	February 28, 2012
Class C Shares	Contractual	3.00%	May 23, 2011	February 28, 2012
Class Y Shares	Contractual	2.00%	May 23, 2011	February 28, 2012
Institutional Class Shares	Contractual	2.00%	May 23, 2011	February 28, 2012
Invesco Global Small & Mid Cap Growth Fund Class A Shares	Contractual	2.25%	July 1, 2009	February 28, 2012
Class B Shares	Contractual	3.00%	July 1, 2009	February 28, 2012
Class C Shares	Contractual	3.00%	July 1, 2009	February 28, 2012
Class Y Shares	Contractual	2.00%	July 1, 2009	February 28, 2012
Institutional Class Shares	Contractual	2.00%	July 1, 2009	February 28, 2012
Invesco International Core Equity Fund Class A Shares	Contractual	2.25%	July 1, 2009	February 28, 2012
Class B Shares	Contractual	3.00%	July 1, 2009	February 28, 2012
Class C Shares	Contractual	3.00%	July 1, 2009	February 28, 2012
Class R Shares	Contractual	2.50%	July 1, 2009	February 28, 2012
Class Y Shares	Contractual	2.00%	July 1, 2009	February 28, 2012
Investor Class Shares	Contractual	2.25%	July 1, 2009	February 28, 2012
Institutional Class Shares	Contractual	2.00%	July 1, 2009	February 28, 2012

See page 14 for footnotes to Exhibit A.

as of June 6, 2011


	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco International Growth Fund Class A Shares	Contractual	1.40%	May 23, 2011	June 30, 2013
Class B Shares	Contractual	2.15%	May 23, 2011	June 30, 2013
Class C Shares	Contractual	2.15%	May 23, 2011	June 30, 2013
Class R Shares	Contractual	1.65%	May 23, 2011	June 30, 2013
Class Y Shares	Contractual	1.15%	May 23, 2011	June 30, 2013
Institutional Class Shares	Contractual	1.15%	May 23, 2011	June 30, 2013

AIM Investment Funds (Invesco Investment Funds)

Contractual/

Expense

Effective Date of

Expiration

Fund

Voluntary

Limitation

Current Limit

Date

Invesco Balanced-Risk Allocation Fund⁸
Class A Shares

Contractual

1.04

November 4, 2009

February 28, 2012

Class B Shares

Contractual

1.79

November 4, 2009

February 28, 2012

Class C Shares

Contractual

1.79

November 4, 2009

February 28, 2012

Class R Shares

Contractual

1.29

November 4, 2009

February 28, 2012

Class Y Shares

Contractual

0.79

November 4, 2009

February 28, 2012

Institutional Class Shares

Contractual

0.79

November 4, 2009

February 28, 2012

Invesco Balanced-Risk Commodity Strategy Fund¹¹
Class A Shares

Contractual

1.22

November 29, 2010

February 28, 2012

Class B Shares

Contractual

1.97

November 29, 2010

February 28, 2012

Class C Shares

Contractual

1.97

November 29, 2010

February 28, 2012

Class R Shares

Contractual

1.47

November 29, 2010

February 28, 2012

Class Y Shares

Contractual

0.97

November 29, 2010

February 28, 2012

Institutional Class Shares

Contractual

0.97

November 29, 2010

February 28, 2012

Invesco China Fund
Class A Shares

Contractual

2.25

July 1, 2009

February 28, 2012

Class B Shares

Contractual

3.00

July 1, 2009

February 28, 2012

Class C Shares

Contractual

3.00

July 1, 2009

February 28, 2012

Class Y Shares

Contractual

2.00

July 1, 2009

February 28, 2012

Institutional Class Shares

Contractual

2.00

July 1, 2009

February 28, 2012

Invesco Commodities Strategy Fund¹²

Contractual

1.25

February 12, 2010

June 30, 2012

Class A Shares

Contractual

2.00

February 12, 2010

June 30, 2012

Class B Shares

Contractual

2.00

February 12, 2010

June 30, 2012

Class C Shares

Contractual

1.50

February 12, 2010

June 30, 2012

Class R Shares

Contractual

1.00

February 12, 2010

June 30, 2012

Class Y Shares

Contractual

1.00

February 12, 2010

June 30, 2012

Institutional Class Shares

Invesco Developing Markets Fund
Class A Shares

Contractual

2.10

May 23, 2011

June 30, 2012

Class B Shares

Contractual

2.85

May 23, 2011

June 30, 2012

Class C Shares

Contractual

2.85

May 23, 2011

June 30, 2012

Class Y Shares

Contractual

1.85

May 23, 2011

June 30, 2012

Institutional Class Shares

Contractual

1.85

May 23, 2011

June 30, 2012

Invesco Emerging Markets Equity Fund
Class A Shares

Contractual

1.85

May 11, 2011

June 30, 2012

Class C Shares

Contractual

2.60

May 11, 2011

June 30, 2012

Class R Shares

Contractual

2.10

May 11, 2011

June 30, 2012

Class Y Shares

Contractual

1.60

May 11, 2011

June 30, 2012

Institutional Class Shares

Contractual

1.60

May 11, 2011

June 30, 2012

Invesco Emerging Market Local Currency Debt Fund
Class A Shares

Contractual

1.24

June 14, 2010

February 28, 2012

Class B Shares

Contractual

1.99

June 14, 2010

February 28, 2012

Class C Shares

Contractual

1.99

June 14, 2010

February 28, 2012

Class R Shares

Contractual

1.49

June 14, 2010

February 28, 2012

Class Y Shares

Contractual

0.99

June 14, 2010

February 28, 2012

Institutional Class Shares

Contractual

0.99

June 14, 2010

February 28, 2012

See page 14 for footnotes to Exhibit A.

as of June 6, 2011

Contractual/

Expense

Effective Date of

Expiration

Fund

Voluntary

Limitation

Current Limit

Date

Invesco Endeavor Fund
Class A Shares

Contractual

2.00

July 1, 2009

February 28, 2012

Class B Shares

Contractual

2.75

July 1, 2009

February 28, 2012

Class C Shares

Contractual

2.75

July 1, 2009

February 28, 2012

Class R Shares

Contractual

2.25

July 1, 2009

February 28, 2012

Class Y Shares

Contractual

1.75

July 1, 2009

February 28, 2012

Institutional Class Shares

Contractual

1.75

July 1, 2009

February 28, 2012

Invesco Global Advantage Fund^*
Class A Shares

Contractual

1.41

February 12, 2010

June 30, 2012

Class B Shares

Contractual

2.16

February 12, 2010

June 30, 2012

Class C Shares

Contractual

2.16

February 12, 2010

June 30, 2012

Class Y Shares

Contractual

1.16

February 12, 2010

June 30, 2012

Invesco Global Health Care Fund
Class A Shares

Contractual

1.65

May 23, 2011

June 30, 2012

Class B Shares

Contractual

2.40

May 23, 2011

June 30, 2012

Class C Shares

Contractual

2.40

May 23, 2011

June 30, 2012

Class Y Shares

Contractual

1.40

May 23, 2011

June 30, 2012

Investor Class Shares

Contractual

1.65

May 23, 2011

June 30, 2012

Invesco International Total Return Fund
Class A Shares

Contractual

1.10

March 31, 2006

February 28, 2012

Class B Shares

Contractual

1.85

March 31, 2006

February 28, 2012

Class C Shares

Contractual

1.85

March 31, 2006

February 28, 2012

Class Y Shares

Contractual

0.85

October 3, 2008

February 28, 2012

Institutional Class Shares

Contractual

0.85

March 31, 2006

February 28, 2012

Invesco Pacific Growth Fund^*
Class A Shares

Contractual

1.88

February 12, 2010

June 30, 2012

Class B Shares

Contractual

2.63

February 12, 2010

June 30, 2012

Class C Shares

Contractual

2.63

February 12, 2010

June 30, 2012

Class R Shares

Contractual

2.13

February 12, 2010

June 30, 2012

Class Y Shares

Contractual

1.63

February 12, 2010

June 30, 2012

Institutional Class Shares

Contractual

1.63

May 23, 2011

June 30, 2012

Invesco Small Companies Fund
Class A Shares

Contractual

2.00

July 1, 2009

February 28, 2012

Class B Shares

Contractual

2.75

July 1, 2009

February 28, 2012

Class C Shares

Contractual

2.75

July 1, 2009

February 28, 2012

Class R Shares

Contractual

2.25

July 1, 2009

February 28, 2012

Class Y Shares

Contractual

1.75

July 1, 2009

February 28, 2012

Institutional Class Shares

Contractual

1.75

July 1, 2009

February 28, 2012

Invesco Xxx Xxxxxx Global Tactical Asset Allocation Fund^*
Class A Shares

Contractual

1.20

February 12, 2010

June 30, 2012

Class B Shares

Contractual

1.95

February 12, 2010

June 30, 2012

Class C Shares

Contractual

1.95

February 12, 2010

June 30, 2012

Class R Shares

Contractual

1.45

February 12, 2010

June 30, 2012

Class Y Shares

Contractual

0.95

February 12, 2010

June 30, 2012

Institutional Class Shares

Contractual

0.95

February 12, 2010

June 30, 2012

AIM Investment Securities Funds (Invesco Investment Securities Funds)

Contractual/

Expense

Effective Date of

Expiration

Fund

Voluntary

Limitation

Current Limit

Date

Invesco Dynamics Fund
Class A Shares

Contractual

2.00

July 1, 2009

June 30, 2011

Class B Shares

Contractual

2.75

July 1, 2009

June 30, 2011

Class C Shares

Contractual

2.75

July 1, 2009

June 30, 2011

Class R Shares

Contractual

2.25

July 1, 2009

June 30, 2011

Class Y Shares

Contractual

1.75

July 1, 2009

June 30, 2011

Investor Class Shares

Contractual

2.00

July 1, 2009

June 30, 2011

Institutional Class Shares

Contractual

1.75

July 1, 2009

June 30, 2011

See page 14 for footnotes to Exhibit A.

as of June 6, 2011

Contractual/

Expense

Effective Date of

Expiration

Fund

Voluntary

Limitation

Current Limit

Date

Invesco Global Real Estate Fund
Class A Shares

Contractual

2.00

July 1, 2009

June 30, 2011

Class B Shares

Contractual

2.75

July 1, 2009

June 30, 2011

Class C Shares

Contractual

2.75

July 1, 2009

June 30, 2011

Class R Shares

Contractual

2.25

July 1, 2009

June 30, 2011

Class Y Shares

Contractual

1.75

July 1, 2009

June 30, 2011

Institutional Class Shares

Contractual

1.75

July 1, 2009

June 30, 2011

Invesco High Yield Fund
Class A Shares

Contractual

0.89

June 6, 2011

June 30, 2013

Class B Shares

Contractual

1.64

June 6, 2011

June 30, 2013

Class C Shares

Contractual

1.64

June 6, 2011

June 30, 2013

Class Y Shares

Contractual

0.64

June 6, 2011

June 30, 2013

Investor Class Shares

Contractual

0.89

June 6, 2011

June 30, 2013

Institutional Class Shares

Contractual

0.64

June 6, 2011

June 30, 2013

Invesco High Yield Securities Fund^*
Class A Shares

Contractual

2.13

February 12, 2010

June 30, 2012

Class B Shares

Contractual

2.63

February 12, 2010

June 30, 2012

Class C Shares

Contractual

2.73

February 12, 2010

June 30, 2012

Class Y Shares

Contractual

1.88

February 12, 2010

June 30, 2012

Invesco Municipal Bond Fund
Class A Shares

Contractual

0.57

March 4, 2009

June 30, 2011

Class B Shares

Contractual

1.32

March 4, 2009

June 30, 2011

Class C Shares

Contractual

1.32

March 4, 2009

June 30, 2011

Class Y Shares

Contractual

0.32

March 4, 2009

June 30, 2011

Investor Class Shares

Contractual

0.57

March 4, 2009

June 30, 2011

Invesco Real Estate Fund
Class A Shares

Contractual

1.55

May 23, 2011

June 30, 2012

Class B Shares

Contractual

2.30

May 23, 2011

June 30, 2012

Class C Shares

Contractual

2.30

May 23, 2011

June 30, 2012

Class R Shares

Contractual

1.80

May 23, 2011

June 30, 2012

Class Y Shares

Contractual

1.30

May 23, 2011

June 30, 2012

Investor Class Shares

Contractual

1.55

May 23, 2011

June 30, 2012

Institutional Class Shares

Contractual

1.30

May 23, 2011

June 30, 2012

Invesco Short Term Bond Fund
Class A Shares

Contractual

0.56

June 6, 2011

June 30, 2013

Class C Shares

Contractual

0.91

%⁹

March 4, 2009

June 30, 2013

Class R Shares

Contractual

0.91

March 4, 2009

June 30, 2013

Class Y Shares

Contractual

0.41

March 4, 2009

June 30, 2013

Institutional Class Shares

Contractual

0.41

March 4, 2009

June 30, 0000

Xxxxxxx X.X. Government Fund
Class A Shares

Contractual

1.03

June 6, 2011

June 30, 2012

Class B Shares

Contractual

1.78

June 6, 2011

June 30, 2012

Class C Shares

Contractual

1.78

June 6, 2011

June 30, 2012

Class R Shares

Contractual

1.28

June 6, 2011

June 30, 2012

Class Y Shares

Contractual

0.78

June 6, 2011

June 30, 2012

Investor Class Shares

Contractual

1.03

June 6, 2011

June 30, 2012

Institutional Class Shares

Contractual

0.78

June 6, 3011

June 30, 2012

Invesco Xxx Xxxxxx Corporate Bond Fund^*
Class A Shares

Contractual

0.95

February 12, 2010

June 30, 2012

Class B Shares

Contractual

1.29

%⁹

June 6, 2011

June 30, 2012

Class C Shares

Contractual

1.65

%⁹

June 6, 2011

June 30, 2012

Class R Shares

Contractual

1.20

June 6, 2011

June 30, 2012

Class Y Shares

Contractual

0.70

February 12, 2010

June 30, 2012

Institutional Class Shares

Contractual

0.70

February 12, 2010

June 30, 2012

See page 14 for footnotes to Exhibit A.

as of June 6, 2011

AIM Sector Funds (Invesco Sector Funds)


	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco Energy Fund Class A Shares	Contractual	2.00%	July 1, 2009	August 31, 2011
Class B Shares	Contractual	2.75%	July 1, 2009	August 31, 2011
Class C Shares	Contractual	2.75%	July 1, 2009	August 31, 2011
Class Y Shares	Contractual	1.75%	July 1, 2009	August 31, 2011
Investor Class Shares	Contractual	2.00%	July 1, 2009	August 31, 2011
Institutional Class Shares	Contractual	1.75%	July 1, 2009	August 31, 2011
Invesco Gold & Precious Metals Fund	Contractual	2.00%	July 1, 2009	August 31, 2011
Class A Shares	Contractual	2.75%	July 1, 2009	August 31, 2011
Class B Shares	Contractual	2.75%	July 1, 2009	August 31, 2011
Class C Shares	Contractual	1.75%	July 1, 2009	August 31, 2011
Class Y Shares	Contractual	2.00%	July 1, 2009	August 31, 2011
Invesco Leisure Fund Class A Shares	Contractual	2.00%	July 1, 2009	August 31, 2011
Class B Shares	Contractual	2.75%	July 1, 2009	August 31, 2011
Class C Shares	Contractual	2.75%	July 1, 2009	August 31, 2011
Class R Shares	Contractual	2.25%	July 1, 2009	August 31, 2011
Class Y Shares	Contractual	1.75%	July 1, 2009	August 31, 2011
Investor Class Shares	Contractual	2.00%	July 1, 2009	August 31, 2011
Invesco Technology Fund Class A Shares	Contractual	1.76%	May 23, 2011	June 30, 2012
Class B Shares	Contractual	2.51%	May 23, 2011	June 30, 2012
Class C Shares	Contractual	2.51%	May 23, 2011	June 30, 2012
Class Y Shares	Contractual	1.51%	May 23, 2011	June 30, 2012
Investor Class Shares	Contractual	1.76%	May 23, 2011	June 30, 2012
Institutional Class Shares	Contractual	1.51%	May 23, 2011	June 30, 2012
Invesco Technology Sector Fund^* Class A Shares	Contractual	2.00%	February 12, 2010	June 30, 2012
Class B Shares	Contractual	2.75%	February 12, 2010	June 30, 2012
Class C Shares	Contractual	2.75%	February 12, 2010	June 30, 2012
Class Y Shares	Contractual	1.75%	February 12, 2010	June 30, 0000
Xxxxxxx X.X. Mid Cap Value Fund^* Class A Shares	Contractual	1.27%	February 12, 2010	June 30, 2012
Class B Shares	Contractual	2.02%	February 12, 2010	June 30, 2012
Class C Shares	Contractual	2.02%	February 12, 2010	June 30, 2012
Class Y Shares	Contractual	1.02%	February 12, 2010	June 30, 2012
Invesco Utilities Fund Class A Shares	Contractual	1.32%	May 23, 2011	June 30, 2013
Class B Shares	Contractual	2.07%	May 23, 2011	June 30, 2013
Class C Shares	Contractual	2.07%	May 23, 2011	June 30, 2013
Class Y Shares	Contractual	1.07%	May 23, 2011	June 30, 2013
Investor Class Shares	Contractual	1.32%	May 23, 2011	June 30, 2013
Institutional Class Shares	Contractual	1.07%	May 23, 2011	June 30, 2013

Invesco Value Fund^* Class A Shares	Contractual	1.25%	February 12, 2010	June 30, 2012
Class B Shares	Contractual	2.00%	February 12, 2010	June 30, 2012
Class C Shares	Contractual	2.00%	February 12, 2010	June 30, 2012
Class Y Shares	Contractual	1.00%	February 12, 2010	June 30, 2012

Invesco Xxx Xxxxxx American Value Fund^* Class A Shares	Contractual	1.41%	February 12, 2010	June 30, 2012
Class B Shares	Contractual	1.65%⁹	May 23, 2011	June 30, 2012
Class C Shares	Contractual	2.16%	February 12, 2010	June 30, 2012
Class R Shares	Contractual	1.66%	February 12, 2010	June 30, 2012
Class Y Shares	Contractual	1.16%	February 12, 2010	June 30, 2012
Institutional Class Shares	Contractual	1.16%	February 12, 2010	June 30, 2012

See page 14 for footnotes to Exhibit A.

as of June 6, 2011


	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco Xxx Xxxxxx Xxxxxxxx Fund^* Class A Shares	Contractual	0.89%	February 12, 2010	June 30, 2012
Class B Shares	Contractual	1.64%	February 12, 2010	June 30, 2012
Class C Shares	Contractual	1.64%	February 12, 2010	June 30, 2012
Class R Shares	Contractual	1.14%	February 12, 2010	June 30, 2012
Class Y Shares	Contractual	0.64%	February 12, 2010	June 30, 2012
Institutional Class Shares	Contractual	0.64%	February 12, 2010	June 30, 2012

Invesco Xxx Xxxxxx Mid Cap Growth Fund^* Class A Shares	Contractual	1.40%	February 12, 2010	June 30, 2012
Class B Shares	Contractual	2.15%	February 12, 2010	June 30, 2012
Class C Shares	Contractual	2.15%	February 12, 2010	June 30, 2012
Class R Shares	Contractual	1.65%	February 12, 2010	June 30, 2012
Class Y Shares	Contractual	1.15%	February 12, 2010	June 30, 2012
Institutional Class Shares	Contractual	1.15%	February 12, 2010	June 30, 2012

Invesco Xxx Xxxxxx Small Cap Value Fund^* Class A Shares	Contractual	1.03%	May 23, 2011	June 30, 2012
Class B Shares	Contractual	1.40%⁹	May 23, 2011	June 30, 2012
Class C Shares	Contractual	1.78%	May 23, 2011	June 30, 2012
Class Y Shares	Contractual	0.78%	May 23, 2011	June 30, 2012

Xxx Xxxxxx Value Opportunities Fund^* Class A Shares	Contractual	1.41%	February 12, 2010	June 30, 2012
Class B Shares	Contractual	2.16%	February 12, 2010	June 30, 2012
Class C Shares	Contractual	2.16%	February 12, 2010	June 30, 2012
Class R Shares	Contractual	1.66%	May 23, 2011	June 30, 2012
Class Y Shares	Contractual	1.16%	February 12, 2010	June 30, 2012
Institutional Class Shares	Contractual	1.16%	May 23, 2011	June 30, 2012

AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds)


	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco High Income Municipal Fund Class A Shares	Voluntary	0.83%	March 4, 2009	N/A¹⁰
Class B Shares	Voluntary	1.58%	March 4, 2009	N/A¹⁰
Class C Shares	Voluntary	1.58%	March 4, 2009	N/A¹⁰
Class Y Shares	Voluntary	0.58%	March 4, 2009	N/A¹⁰
Institutional Class Shares	Voluntary	0.58%	March 4, 2009	N/A¹⁰

Invesco Xxx Xxxxxx High Yield Municipal Fund^* Class A Shares	Contractual	0.87%	February 12, 2010	June 30, 2012
Class B Shares	Contractual	1.62%	February 12, 2010	June 30, 2012
Class C Shares	Contractual	1.62%	February 12, 2010	June 30, 2012
Class Y Shares	Contractual	0.62%	February 12, 2010	June 30, 2012

Invesco Xxx Xxxxxx Intermediate Term Municipal Income Fund^* Class A Shares	Contractual	0.75%	June 6, 2011	June 30, 2013
Class B Shares	Contractual	1.50%	June 6, 2011	June 30, 2013
Class C Shares	Contractual	1.50%	June 6, 2011	June 30, 2013
Class Y Shares	Contractual	0.50%	June 6, 2011	June 30, 2013

See page 14 for footnotes to Exhibit A.

as of June 6, 2011


	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco Xxx Xxxxxx Municipal Income Fund^* Class A Shares	Contractual	0.83%	June 6, 2011	June 30, 2013
Class B Shares	Contractual	1.58%	June 6, 2011	June 30, 2013
Class C Shares	Contractual	1.58%	June 6, 2011	June 30, 2013
Class Y Shares	Contractual	0.58%	June 6, 2011	June 30, 0000

Xxxxxxx Xxx Xxxxxx Xxx Xxxx Tax Free Income Fund^* Class A Shares	Contractual	0.78%	February 12, 2010	June 30, 2012
Class B Shares	Contractual	1.53%	February 12, 2010	June 30, 2012
Class C Shares	Contractual	1.53%	February 12, 2010	June 30, 2012
Class Y Shares	Contractual	0.53%	February 12, 2010	June 30, 2012


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		In addition upon closing of a reorganization with Xxx Xxxxxx In Retirement, the Fund’s contractual limit through at least June 30, 2012 (excluding only items included in “notwithstanding” sentence discussed above) will be 0.47%, 1.22%, 0.72% and 0.22% for Class A5, C5, R5 and Y, respectively.

³		In addition upon closing of a reorganization with Xxx Xxxxxx 2010 Retirement Strategy and Xxx Xxxxxx 2015 Retirement Strategy, the Fund’s contractual limit through at least June 30, 2012 (excluding only items included in “notwithstanding” sentence discussed above) will be 0.38%, 1.13%, 0.63% and 0.13% for Class A5, C5, R5 and Y, respectively.

⁴		In addition upon closing of a reorganization with Xxx Xxxxxx 2020 Retirement Strategy and Xxx Xxxxxx 2025 Retirement Strategy, the Fund’s contractual limit through at least June 30, 2012 (excluding only items included in “notwithstanding” sentence discussed above) will be 0.41%, 1.16%, 0.66% and 0.16% for Class A5, C5, R5 and Y, respectively.

⁵		In addition upon closing of a reorganization with Xxx Xxxxxx 00 Xxxxxxxxxx Xxxxxxxx and Xxx Xxxxxx 2035 Retirement Strategy, the Fund’s contractual limit through at least June 30, 2012 (excluding only items included in “notwithstanding” sentence discussed above) will be 0.29%, 1.04%, 0.54% and 0.04% for Class A5, C5, R5 and Y, respectively.

⁶		In addition upon closing of a reorganization with Xxx Xxxxxx 2040 Retirement Strategy and Xxx Xxxxxx 2045 Retirement Strategy, the Fund’s contractual limit through at least June 30, 2012 (excluding only items included in “notwithstanding” sentence discussed above) will be 0.28%, 1.03%, 0.53% and 0.03% for Class A5, C5, R5 and Y, respectively.

⁷		In addition upon closing of a reorganization with Xxx Xxxxxx 50 Retirement Strategy, the Fund’s contractual limit through at least June 30, 2012 (excluding only items included in “notwithstanding” sentence discussed above) will be 0.26%, 1.01%, 0.51% and 0.01% for Class A5, C5, R5 and Y, respectively.

⁸		Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund I, Ltd.

⁹		The expense limit shown is the expense limit after Rule 12b-1 fee waivers by Invesco Distributors, Inc.

¹⁰		Invesco may establish, amend or terminate voluntary waivers at any time in its sole discretion after consultation with the Trust.

¹¹		Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund III, Ltd.

¹²		Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund II, Ltd.

as of June 6, 2011

EXHIBIT “B” — INSTITUTIONAL MONEY MARKET FUNDS^1,2

Short-Term Investments Trust


	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Government & Agency Portfolio Cash Management Class	Contractual	0.22%²	July 1, 2009	December 31, 2011
Corporate Class	Contractual	0.17%	July 1, 2009	December 31, 2011
Institutional Class	Contractual	0.14%	July 1, 2009	December 31, 2011
Personal Investment Class	Contractual	0.69%²	July 1, 2009	December 31, 2011
Private Investment Class	Contractual	0.44%²	July 1, 2009	December 31, 2011
Reserve Class	Contractual	1.01%²	July 1, 2009	December 31, 2011
Resource Class	Contractual	0.30%²	July 1, 2009	December 31, 2011

Government TaxAdvantage Portfolio Cash Management Class	Contractual	0.22%²	July 1, 2009	December 31, 2011
Corporate Class	Contractual	0.17%	July 1, 2009	December 31, 2011
Institutional Class	Contractual	0.14%	July 1, 2009	December 31, 2011
Personal Investment Class	Contractual	0.69%²	July 1, 2009	December 31, 2011
Private Investment Class	Contractual	0.39%²	July 1, 2009	December 31, 2011
Reserve Class	Contractual	1.01%²	July 1, 2009	December 31, 2011
Resource Class	Contractual	0.30%²	July 1, 2009	December 31, 2011

Liquid Assets Portfolio Cash Management Class	Contractual	0.22%²	July 1, 2009	December 31, 2011
Corporate Class	Contractual	0.17%	July 1, 2009	December 31, 2011
Institutional Class	Contractual	0.14%	July 1, 2009	December 31, 2011
Personal Investment Class	Contractual	0.69%²	July 1, 2009	December 31, 2011
Private Investment Class	Contractual	0.44%²	July 1, 2009	December 31, 2011
Reserve Class	Contractual	1.01%²	July 1, 2009	December 31, 2011
Resource Class	Contractual	0.34%	July 1, 2009	December 31, 2011

STIC Prime Portfolio Cash Management Class	Contractual	0.22%²	July 1, 2009	December 31, 2011
Corporate Class	Contractual	0.17%	July 1, 2009	December 31, 2011
Institutional Class	Contractual	0.14%	July 1, 2009	December 31, 2011
Personal Investment Class	Contractual	0.69%²	July 1, 2009	December 31, 2011
Private Investment Class	Contractual	0.44%²	July 1, 2009	December 31, 2011
Reserve Class	Contractual	1.01%²	July 1, 2009	December 31, 2011
Resource Class	Contractual	0.30%²	July 1, 2009	December 31, 2011

Tax-Free Cash Reserve Portfolio³ Cash Management Class	Contractual	0.33%²	July 1, 2009	December 31, 2011
Corporate Class	Contractual	0.28%	July 1, 2009	December 31, 2011
Institutional Class	Contractual	0.25%	July 1, 2009	December 31, 2011
Personal Investment Class	Contractual	0.80%²	July 1, 2009	December 31, 2011
Private Investment Class	Contractual	0.50%²	July 1, 2009	December 31, 2011
Reserve Class	Contractual	1.12%²	July 1, 2009	December 31, 2011
Resource Class	Contractual	0.41%²	July 1, 2009	December 31, 2011

Treasury Portfolio³ Cash Management Class	Contractual	0.22%²	July 1, 2009	December 31, 2011
Corporate Class	Contractual	0.17%	July 1, 2009	December 31, 2011
Institutional Class	Contractual	0.14%	July 1, 2009	December 31, 2011
Personal Investment Class	Contractual	0.69%²	July 1, 2009	December 31, 2011
Private Investment Class	Contractual	0.44%²	July 1, 2009	December 31, 2011
Reserve Class	Contractual	1.01%²	July 1, 2009	December 31, 2011
Resource Class	Contractual	0.30%²	July 1, 2009	December 31, 2011


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.

as of June 6, 2011

EXHIBIT “C” — VARIABLE INSURANCE FUNDS

AIM Variable Insurance Funds (Invesco Variable Insurance Funds)

Contractual/

Expense

Effective Date of

Expiration

Fund

Voluntary

Limitation

Current Limit

Date

Invesco V.I. Balanced-Risk Allocation Fund¹
Series I Shares

Contractual

0.70

December 22, 2010

June 30, 2013

Series II Shares

Contractual

0.95

December 22, 2010

June 30, 2013

Invesco V.I. Basic Value Fund
Series I Shares

Contractual

1.30

January 1, 2005

April 30, 2012

Series II Shares

Contractual

1.45

January 1, 2005

April 30, 2012

Invesco V.I. Capital Appreciation Fund
Series I Shares

Contractual

1.30

January 1, 2005

April 30, 2012

Series II Shares

Contractual

1.45

January 1, 2005

April 30, 2012

Invesco V.I. Capital Development Fund
Series I Shares

Contractual

1.30

January 1, 2005

June 30, 2012

Series II Shares

Contractual

1.45

January 1, 2005

June 30, 2012

Invesco V.I. Core Equity Fund
Series I Shares

Contractual

1.30

January 1, 2005

April 30, 2012

Series II Shares

Contractual

1.45

January 1, 2005

April 30, 2012

Invesco V.I. Diversified Income Fund
Series I Shares

Contractual

0.75

July 1, 2005

April 30, 2012

Series II Shares

Contractual

1.00

July 1, 2005

April 30, 2012

Invesco V.I. Dividend Growth Fund^*
Series I Shares

Contractual

0.67

February 12, 2010

June 30, 2012

Series II Shares

Contractual

0.92

February 12, 2010

June 30, 2012

Invesco V.I. Global Health Care Fund
Series I Shares

Contractual

1.30

April 30, 2004

April 30, 2012

Series II Shares

Contractual

1.45

April 30, 2004

April 30, 2012

Invesco V.I. Global Real Estate Fund
Series I Shares

Contractual

1.30

April 30, 2004

April 30, 2012

Series II Shares

Contractual

1.45

April 30, 2004

April 30, 2012

Invesco V.I. Government Securities Fund
Series I Shares

Contractual

0.60

May 2, 2011

June 30, 2012

Series II Shares

Contractual

0.85

May 2, 2011

June 30, 2012


¹		Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund IV, Ltd.

as of June 6, 2011


	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco V.I. High Yield Fund Series II Shares	Contractual	0.80%	May 2, 2011	June 30, 2013
Series II Shares	Contractual	1.05%	May 2, 2011	June 30, 2013

Invesco V.I. High Yield Securities Fund^* Series I Shares	Contractual	1.75%	February 12, 2010	June 30, 2012
Series II Shares	Contractual	2.00%	February 12, 2010	June 30, 2012

Invesco V.I. International Growth Fund Series I Shares	Contractual	1.11%	May 2, 2011	June 30, 2012
Series II Shares	Contractual	1.36%	May 2, 2011	June 30, 2012

Invesco V.I. Leisure Fund Series I Shares	Contractual	1.01%	April 30, 2004	April 30, 2012
Series II Shares	Contractual	1.26%	April 30, 2004	April 30, 2012

Invesco V.I. Mid Cap Core Equity Fund Series I Shares	Contractual	1.30%	September 10, 2001	April 30, 2012
Series II Shares	Contractual	1.45%	September 10, 2001	April 30, 2012

Invesco V.I. Money Market Fund Series I Shares	Contractual	1.30%	January 1, 2005	April 30, 2012
Series II Shares	Contractual	1.45%	January 1, 2005	April 30, 2012

Invesco V.I. S&P 500 Index Fund^* Series I Shares	Contractual	0.28%	February 12, 2010	June 30, 2012
Series II Shares	Contractual	0.53%	February 12, 2010	June 30, 2012

Invesco V.I. Select Dimensions Equally-Weighted S&P 500 Fund^* Series I Shares	Contractual	0.37%	February 12, 2010	June 30, 2012
Series II Shares	Contractual	0.62%	February 12, 2010	June 30, 2012

Invesco V.I. Small Cap Equity Fund Series I Shares	Contractual	1.15%	July 1, 2005	April 30, 2012
Series II Shares	Contractual	1.40%	July 1, 2005	April 30, 2012

Invesco V.I. Technology Fund Series I Shares	Contractual	1.30%	April 30, 2004	April 30, 2012
Series II Shares	Contractual	1.45%	April 30, 2004	April 30, 2012

Invesco V.I. Utilities Fund Series I Shares	Contractual	0.93%	September 23, 2005	April 30, 2012
Series II Shares	Contractual	1.18%	September 23, 2005	April 30, 2012

Invesco Xxx Xxxxxx V.I. Capital Growth Fund^* Series I Shares	Contractual	0.84%	February 12, 2010	June 30, 2012
Series II Shares	Contractual	1.09%	February 12, 2010	June 30, 2012

as of June 6, 2011

Contractual/

Expense

Effective Date of

Expiration

Fund

Voluntary

Limitation

Current Limit

Date

Invesco Xxx Xxxxxx V.I. Xxxxxxxx Fund^*
Series I Shares

Contractual

0.62

February 12, 2010

June 30, 2012

Series II Shares

Contractual

0.87

February 12, 2010

June 30, 2012

Invesco Xxx Xxxxxx V.I. Equity and Income Fund^*
Series I Shares

Contractual

0.70

%²

February 12, 2010

June 30, 2012

Series II Shares

Contractual

0.75

February 12, 2010

June 30, 2012

Invesco Xxx Xxxxxx V.I. Global Value Equity Fund^*
Series I Shares

Contractual

0.94

May 2, 2011

June 30, 2012

Series II Shares

Contractual

1.19

May 2, 2011

June 30, 2012

Invesco Xxx Xxxxxx V.I. Growth and Income Fund^*
Series I Shares

Contractual

0.62

February 12, 2010

June 30, 2012

Series II Shares

Contractual

0.87

February 12, 2010

June 30, 2012

Invesco Xxx Xxxxxx V.I. Mid Cap Growth Fund^*
Series I Shares

Contractual

1.01

February 12, 2010

June 30, 2012

Series II Shares

Contractual

1.26

February 12, 2010

June 30, 2012

Invesco Xxx Xxxxxx V.I. Mid Cap Value Fund^*
Series I Shares

Contractual

1.18

%²

February 12, 2010

June 30, 2012

Series II Shares

Contractual

1.28

February 12, 2010

June 30, 2012


²		The expense limit shown is the expense limit after Rule 12b-1 fee waivers by Invesco Distributors, Inc.

as of June 6, 2011

EXHIBIT “D” — CLOSED-END FUNDS¹

Invesco California Insured Municipal Income Trust


	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco California Insured Municipal Income Trust	Contractual	0.67%	June 1, 2010	June 30, 0000
Xxxxxxx Xxxxxxxxxx Quality Municipal Securities

	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco California Quality Municipal Securities	Contractual	0.70%	June 1, 2010	June 30, 2012
Invesco High Yield Fund, Inc.

	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco High Yield Investment Funds, Inc.	Contractual	0.98%	June 1, 2010	June 30, 2012
Invesco Insured California Municipal Securities

	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco Insured California Municipal Securities	Contractual	0.70%	June 1, 2010	June 30, 2012
Invesco Insured Municipal Bond Trust

	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco Insured Municipal Bond Trust	Contractual	1.00%	June 1, 2010	June 30, 2012
Invesco Insured Municipal Income Trust

	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco Insured Municipal Income Trust	Contractual	0.64%	June 1, 2010	June 30, 2012
Invesco Insured Municipal Securities

	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco Insured Municipal Securities	Contractual	0.54%	June 1, 2010	June 30, 2012

as of June 6, 2011

Invesco Insured Municipal Trust


	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco Insured Municipal Trust	Contractual	0.66%	June 1, 2010	June 30, 2012
Invesco Municipal Income Opportunities Trust

	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco Municipal Income Opportunities Trust	Contractual	0.73%	June 1, 2010	June 30, 2012
Invesco Municipal Income Opportunities Trust II

	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco Municipal Income Opportunities Trust II	Contractual	0.73%	June 1, 2010	June 30, 2012
Invesco Municipal Income Opportunities Trust III

	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco Municipal Income Opportunities Trust III	Contractual	0.84%	June 1, 2010	June 30, 2012
Invesco Municipal Premium Income Trust

	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco Municipal Premium Income Trust	Contractual	1.03%	June 1, 2010	June 30, 2012
Invesco New York Quality Municipal Securities

	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco New York Quality Municipal Securities	Contractual	0.80%	June 1, 2010	June 30, 2012
Invesco Prime Income Trust

	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco Prime Income Trust	Contractual	1.32%	June 1, 2010	June 30, 2012

as of June 6, 2011

Invesco Quality Municipal Income Trust


	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco Quality Municipal Income Trust	Contractual	0.70%	June 1, 2010	June 30, 2012
Invesco Quality Municipal Investment Trust

	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco Quality Municipal Investment Trust	Contractual	0.70%	June 1, 2010	June 30, 2012
Invesco Quality Municipal Securities

	Contractual/	Expense	Effective Date of	Expiration
Fund	Voluntary	Limitation	Current Limit	Date
Invesco Quality Municipal Securities	Contractual	0.66%	June 1, 2010	June 30, 2012


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.

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MEMORANDUM OF AGREEMENT (Expense Limitations)

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