AMENDMENT NO. 21 TO MASTER INVESTMENT ADVISORY AGREEMENT
AMENDMENT NO. 21
TO
This Amendment dated as of November 29, 2010, amends the Master Investment
Advisory Agreement (the “Agreement”), dated September 11, 2000, between AIM Investment Funds
(Invesco Investment Funds), a Delaware statutory trust, and Invesco Advisers, Inc., a Delaware
corporation.
WITNESSETH:
WHEREAS, the parties agree to amend the Agreement to add a new portfolio — Invesco
Balanced-Risk Commodity Strategy Fund;
NOW, THEREFORE, the parties agree as follows;
| 1. | Appendix A and Appendix B to the Agreement are hereby deleted in their entirety and replaced with the following: |
“APPENDIX A
FUNDS AND EFFECTIVE DATES
| Name of Fund | Effective Date of Advisory Agreement | |
Invesco Balanced-Risk Allocation Fund
|
May 29, 2009 | |
Invesco Balanced-Risk Commodity Xxxxxxxx Xxxx
|
Xxxxxxxx 00, 0000 | |
Xxxxxxx Xxxxx Fund
|
March 31, 2006 | |
Invesco Developing Markets Fund
|
September 1, 2001 | |
Invesco Emerging Market Local Currency Debt Fund
|
June 14, 2010 | |
Invesco Global Health Care Fund
|
September 1, 2001 | |
Invesco International Total Return Xxxx
|
Xxxxx 00, 0000 | |
Xxxxxxx Xxxxx Fund
|
March 31, 2006 | |
Invesco LIBOR Alpha Fund
|
March 31, 2006 | |
Invesco Endeavor Fund
|
November 3, 2003 | |
Invesco Global Fund
|
November 3, 2003 | |
Invesco Small Companies Fund
|
November 3, 2003 | |
Invesco Alternative Opportunities Fund
|
February 12, 2010 |
| Name of Fund | Effective Date of Advisory Agreement | |
Invesco Commodities Strategy Fund
|
June 16, 2010 | |
Invesco FX Alpha Plus Strategy Fund
|
February 12, 2010 | |
Invesco FX Alpha Strategy Fund
|
February 12, 2010 | |
Invesco Global Advantage Fund
|
February 12, 2010 | |
Invesco Global Dividend Growth Securities Fund
|
February 12, 2010 | |
Invesco Health Sciences Fund
|
February 12, 2010 | |
Invesco International Growth Equity Fund
|
February 12, 2010 | |
Invesco Pacific Growth Fund
|
February 12, 2010 | |
Invesco Xxx Xxxxxx Emerging Markets Fund
|
February 12, 2010 | |
Invesco Xxx Xxxxxx Global Bond Fund
|
February 12, 2010 | |
Invesco Xxx Xxxxxx Global Equity Allocation Fund
|
February 12, 2010 | |
Invesco Xxx Xxxxxx Global Franchise Fund
|
February 12, 2010 | |
Invesco Xxx Xxxxxx Global Tactical Asset Allocation Fund
|
February 12, 2010 | |
Invesco Xxx Xxxxxx International Advantage Fund
|
February 12, 2010 | |
Invesco Xxx Xxxxxx International Growth Fund
|
February 12, 0000 |
XXXXXXXX X
COMPENSATION TO THE ADVISOR
The Trust shall pay the Adviser, out of the assets of a Fund, as full compensation for all
services rendered, an advisory fee for such Fund set forth below. Such fee shall be calculated by
applying the following annual rates to the average daily net assets of such Fund for the calendar
year computed in the manner used for the determination of the net asset value of shares of such
Fund.
Invesco Balanced-Risk Allocation Fund
| Net Assets | Annual Rate* | |||
First $250 million |
0.95 | % | ||
Next $250 million |
0.925 | % | ||
Next $500 million |
0.90 | % | ||
Next $1.5 billion |
0.875 | % | ||
Next $2.5 billion |
0.85 | % | ||
Next $2.5 billion |
0.825 | % | ||
Next $2.5 billion |
0.80 | % | ||
Over $10 billion |
0.775 | % | ||
| * | To the extent Invesco Balanced-Risk Allocation Fund invests its assets in Invesco Cayman Commodity Fund I Ltd., a direct wholly-owned subsidiary of Invesco Balanced-Risk Allocation Fund, the Adviser shall not collect the portion of the advisory fee that the Adviser would otherwise be entitled to collect from Invesco Balanced-Risk Allocation Fund, in an amount equal to 100% of the advisory fee that the Adviser receives from Invesco Cayman Commodity Fund I Ltd. |
Invesco Balanced-Risk Commodity Strategy Fund
| Net Assets | Annual Rate* | |||
First $250 million |
1.050 | % | ||
Next $250 million |
1.025 | % | ||
Next $500 million |
1.000 | % | ||
Next $1.5 billion |
0.975 | % | ||
Next $2.5 billion |
0.950 | % | ||
Next $2.5 billion |
0.925 | % | ||
Next $2.5 billion |
0.900 | % | ||
Over $10 billion |
0.875 | % | ||
| * | To the extent Invesco Balanced-Risk Commodity Strategy Fund invests its assets in Invesco Cayman Commodity Fund III Ltd., a direct wholly-owned subsidiary of Invesco Balanced-Risk Commodity Strategy Fund, the Adviser shall not collect the portion of the advisory fee that the Adviser would otherwise be entitled to collect from Invesco Balanced-Risk Commodity Strategy Fund, in an amount equal to 100% of the advisory fee that the Adviser receives from Invesco Cayman Commodity Fund III Ltd. |
Invesco China Fund
Invesco Developing Markets Fund
Invesco Japan Fund
Invesco Developing Markets Fund
Invesco Japan Fund
| Net Assets | Annual Rate | |||
First $250 million |
0.935 | % | ||
Next $250 million |
0.91 | % | ||
Next $500 million |
0.885 | % | ||
Next $1.5 billion |
0.86 | % | ||
Next $2.5 billion |
0.835 | % | ||
Next $2.5 billion |
0.81 | % | ||
Next $2.5 billion |
0.785 | % | ||
Over $10 billion |
0.76 | % | ||
Invesco Emerging Market Local Currency Debt Fund
| Net Assets | Annual Rate | |||
First $500 million |
0.75 | % | ||
Next $500 million |
0.70 | % | ||
Next $500 million |
0.67 | % | ||
Over $1.5 billion |
0.65 | % | ||
Invesco Global Health Care Fund
| Net Assets | Annual Rate | |||
First $350 million |
0.75 | % | ||
Next $350 million |
0.65 | % | ||
Next $1.3 billion |
0.55 | % | ||
Next $2 billion |
0.45 | % | ||
Next $2 billion |
0.40 | % | ||
Next $2 billion |
0.375 | % | ||
Over $8 billion |
0.35 | % | ||
Invesco International Total Return Fund
| Net Assets | Annual Rate | |||
First $250 million |
0.65 | % | ||
Next $250 million |
0.59 | % | ||
Next $500 million |
0.565 | % | ||
Next $1.5 billion |
0.54 | % | ||
Next $2.5 billion |
0.515 | % | ||
Next $5 billion |
0.49 | % | ||
Over $10 billion |
0.465 | % | ||
Invesco LIBOR Alpha Fund
| Net Assets | Annual Rate | |||
First $1 billion |
0.45 | % | ||
Next $4 billion |
0.425 | % | ||
Over $5 billion |
0.40 | % | ||
Invesco Endeavor Fund
Invesco Small Companies Fund
Invesco Small Companies Fund
| Net Assets | Annual Rate | |||
First $250 million |
0.745 | % | ||
Next $250 million |
0.73 | % | ||
Next $500 million |
0.715 | % | ||
Next $1.5 billion |
0.70 | % | ||
Next $2.5 billion |
0.685 | % | ||
Next $2.5 billion |
0.67 | % | ||
Next $2.5 billion |
0.655 | % | ||
Over $10 billion |
0.64 | % | ||
Invesco Global Fund
| Net Assets | Annual Rate | |||
First $250 million |
0.80 | % | ||
Next $250 million |
0.78 | % | ||
Next $500 million |
0.76 | % | ||
Next $1.5 billion |
0.74 | % | ||
Next $2.5 billion |
0.72 | % | ||
Next $2.5 billion |
0.70 | % | ||
Next $2.5 billion |
0.68 | % | ||
Over $10 billion |
0.66 | % | ||
Invesco Alternative Opportunities Fund
| Net Assets | Annual Rate | |||
All Assets |
0.20 | % | ||
Invesco Commodities Strategy Fund
| Net Assets | Annual Rate | |||
All Assets |
0.50 | %** | ||
| ** | To the extent Invesco Commodities Strategy Fund invests its assets in Invesco Cayman Commodity Fund II Ltd., a direct wholly-owned subsidiary of Invesco Commodities Strategy Fund, the Adviser shall not collect the portion of the advisory fee that the Adviser would otherwise be entitled to collect from Invesco Commodities Strategy Fund, in an amount equal to 100% of the advisory fee that the Adviser receives from Invesco Cayman Commodity Fund II Ltd. |
Invesco FX Alpha Plus Strategy Fund
| Net Assets | Annual Rate*** | |||
All Assets |
1.10 | % | ||
| *** | The base fee is adjusted upward if, during the most recent 12-month period, the Fund outperforms LIBOR plus 6.00% and adjusted downward if, during the most recent 12-month period, the Fund underperforms LIBOR minus 6.00%. The performance adjustment is 20% of the amount by which the Fund outperforms or underperforms LIBOR plus or minus 6.00%, respectively, during the applicable period. The maximum adjustment over any 12-month period is +0.55% of the Fund’s average net assets over the applicable performance period. |
Invesco FX Alpha Strategy Fund
| Net Assets | Annual Rate*** | |||
All Assets |
0.55 | % | ||
| *** | The base fee is adjusted upward if, during the most recent 12-month period, the Fund outperforms LIBOR plus 2.50% and adjusted downward if, during the most recent 12-month period, the Fund underperforms LIBOR minus 2.50%. The performance adjustment is 20% of the amount by which the Fund outperforms or underperforms LIBOR plus or minus 2.50%, respectively, during the applicable period. The maximum or minimum adjustment over any 12-month period is +0.275% of the Fund’s average net assets over the applicable performance period. |
Invesco Global Advantage Fund
| Net Assets | Annual Rate | |||
First $1.5 billion |
0.57 | % | ||
Over $1.5 billion |
0.545 | % | ||
Invesco Global Dividend Growth Securities Fund
| Net Assets | Annual Rate | |||
First $1 billion |
0.67 | % | ||
Next $500 million |
0.645 | % | ||
Next $1 billion |
0.62 | % | ||
Next $1 billion |
0.595 | % | ||
Next $1 billion |
0.57 | % | ||
Over $4.5 billion |
0.545 | % | ||
Invesco Health Sciences Fund
| Net Assets | Annual Rate | |||
First $500 million |
0.92 | % | ||
Next $500 million |
0.87 | % | ||
Over $1 billion |
0.845 | % | ||
Invesco Xxx Xxxxxx International Growth Fund
| Net Assets | Annual Rate | |||
First $1 billion |
0.75 | % | ||
Over $1 billion |
0.70 | % | ||
Invesco Pacific Growth Fund
| Net Assets | Annual Rate | |||
First $1 billion |
0.87 | % | ||
Next $1 billion |
0.82 | % | ||
Over $2 billion |
0.77 | % | ||
Invesco Xxx Xxxxxx Emerging Markets Fund
| Net Assets | Annual Rate | |||
First $500 million |
1.25 | % | ||
Next $500 million |
1.20 | % | ||
Next $1.5 billion |
1.15 | % | ||
Over $2.5 billion |
1.00 | % | ||
Invesco Xxx Xxxxxx Global Bond Fund
| Net Assets | Annual Rate | |||
First $500 million |
0.625 | % | ||
Next $500 million |
0.60 | % | ||
Next $1 billion |
0.575 | % | ||
Next $1 billion |
0.55 | % | ||
Over $3 billion |
0.50 | % | ||
Invesco Xxx Xxxxxx Global Equity Allocation Fund
| Net Assets | Annual Rate | |||
First $750 million |
1.00 | % | ||
Next $500 million |
0.95 | % | ||
Over $1.25 billion |
0.90 | % | ||
Invesco Xxx Xxxxxx Global Franchise Fund
| Net Assets | Annual Rate | |||
First $500 million |
0.80 | % | ||
Next $500 million |
0.75 | % | ||
Over $1 billion |
0.70 | % | ||
Invesco Xxx Xxxxxx Global Tactical Asset Allocation Fund
| Net Assets | Annual Rate | |||
First $750 million |
0.75 | % | ||
Next $750 million |
0.70 | % | ||
Over $1.5 billion |
0.65 | % | ||
Invesco Xxx Xxxxxx International Advantage Fund
| Net Assets | Annual Rate | |||
First $500 million |
0.90 | % | ||
Next $500 million |
0.85 | % | ||
Over $1 billion |
0.80 | %” | ||
| 2. | In all other respects, the Agreement is hereby confirmed and remains in full force and effect. |
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective
officers on the date first written above.
| AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS) |
|||||||
Attest:
|
/s/ Xxxxx Xxxxxxxx | By: | /s/ Xxxx X. Xxxx | ||||
| Assistant Secretary | Xxxx X. Xxxx | ||||||
| Senior Vice President | |||||||
(SEAL) |
|||||||
| INVESCO ADVISERS, INC. | |||||||
Attest:
|
/s/ Xxxxx Xxxxxxxx | By: | /s/ Xxxx X. Xxxx | ||||
| Assistant Secretary | Xxxx X. Xxxx | ||||||
| Senior Vice President | |||||||
(SEAL) |
