AMENDMENT NO. 18 TO SECOND AMENDED AND RESTATED MASTER ADMINISTRATIVE SERVICES AGREEMENT
AMENDMENT NO. 18
TO
SECOND AMENDED AND RESTATED MASTER ADMINISTRATIVE SERVICES AGREEMENT
This Amendment dated as of May 15, 2020, amends the Second Amended and Restated Master Administrative Services Agreement (the “Agreement”), dated July 1, 2006, by and between Invesco Advisers, Inc., a Delaware corporation, and AIM Counselor Series Trust (Invesco Counselor Series Trust), a Delaware statutory trust, is hereby amended as follows:
W I T N E S S E T H:
WHEREAS, the parties desire to amend the Agreement to (i) remove Invesco Small Cap Discovery Fund, Invesco California Tax-Free Income Fund, Invesco Pennsylvania Tax Free Income Fund and Invesco Oppenheimer Rochester Short Duration High Yield Municipal Fund and (ii) reflect that the administrative services fee paid under the Agreement for Invesco Short Duration High Yield Municipal Fund may not be increased above a specified cap unless such increase is approved by a majority of the Fund’s outstanding voting securities or the Fund concurrently enters into a contractual arrangement with the Administrator to waive the increased amount;
NOW, THEREFORE, the parties agree as follows;
Appendix A of the Agreement is hereby deleted in its entirety and replaced with the following:
“APPENDIX A
FEE SCHEDULE TO
SECOND AMENDED AND RESTATED MASTER ADMINISTRATIVE SERVICES AGREEMENT
OF
AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
Portfolios |
Effective Date of Agreement |
Advisory/Administrative Services Fee Limit | ||
Invesco American Franchise Fund |
February 12, 2010 | N/A | ||
Invesco Core Plus Bond Fund |
June 2, 2009 | N/A | ||
Invesco Equally-Weighted S&P 500 Fund |
February 12, 2010 | N/A | ||
Invesco Equity and Income Fund |
February 12, 2010 | N/A | ||
Invesco Floating Rate Fund |
July 1, 2006 | N/A | ||
Invesco Global Real Estate Income Fund |
March 12, 2007 | N/A | ||
Invesco Growth and Income Fund |
February 12, 2010 | N/A | ||
Invesco Low Volatility Equity Yield Fund |
July 1, 2006 | N/A | ||
Invesco Oppenheimer Capital Appreciation Fund |
May 24, 2019 | N/A | ||
Invesco Oppenheimer Discovery Fund |
May 24, 2019 | N/A | ||
Invesco Oppenheimer Master Loan Fund |
May 24, 2019 | N/A |
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Invesco Oppenheimer Senior Floating Rate Fund |
May 24, 2019 | N/A | ||
Invesco Oppenheimer Senior Floating Rate Plus Fund |
May 24, 2019 | N/A | ||
Invesco Oppenheimer Short Term Municipal Fund |
May 24, 2019 | N/A | ||
Invesco S&P 500 Index Fund |
February 12, 2010 | N/A | ||
Invesco Short Duration High Yield Municipal Fund*** |
September 30, 2015 | 0.50% of the first $100M 0.45% of the next $150M 0.425% of the next $250M 0.40% of the next $4.5B 0.39% of the next $5B 0.37% of the excess over $10B |
The Administrator may receive from each Portfolio reimbursement for costs or reasonable compensation for such services as follows:
Rate* |
Invesco Fund Complex Net Assets** |
|||
0.0175% |
First $ | 100 billion | ||
0.0150% |
Next $ | 100 billion | ||
0.0135% |
Next $ | 100 billion | ||
0.0125% |
Next $ | 100 billion | ||
0.010% |
Over $ | 400 billion |
* | The fee will be paid monthly at 1/12 of the annualized effective fee rate based on the average assets under management of the Invesco Fund Complex Net Assets of the prior month. |
** | Invesco Fund Complex Net Assets means the aggregate monthly net assets of each mutual fund and closed-end fund in the Invesco Fund complex overseen by the Invesco Funds Board. |
*** | The administrative services fee paid under this Agreement may not be increased so that the combined advisory fee paid under the Advisory Agreement plus the administrative services fee paid under this Agreement exceeds the “Advisory/Administrative Services Fee Limit” in the table above unless such increase is approved by a majority of the Fund’s outstanding voting securities or the Fund concurrently enters into a contractual arrangement with IAI to waive the increased amount, provided that such contractual arrangement can only be eliminated by approval of a majority of the Fund’s outstanding voting securities.” |
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All other terms and provisions of the Agreement not amended herein shall remain in full force and effect.
AIM COUNSELOR SERIES TRUST | ||||||||
(INVESCO COUNSELOR SERIES TRUST) | ||||||||
Attest: | /s/ Xxxxxxxxx Xxxxxx | By: | /s/ Xxxxxxx X. Xxxxx | |||||
Assistant Secretary | Xxxxxxx X. Xxxxx | |||||||
Secretary, Senior Vice President and Chief Legal Officer | ||||||||
INVESCO ADVISERS, INC. | ||||||||
Attest: | /s/ Xxxxxxxxx Xxxxxx | By: | /s/ Xxxxxxx X. Xxxxx | |||||
Assistant Secretary | Xxxxxxx X. Xxxxx | |||||||
Senior Vice President & Secretary |
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