MEMORANDUM OF AGREEMENT
(ADVISORY FEE WAIVERS)
This Memorandum of Agreement is entered into as of the effective date on
the attached Exhibit (the "Exhibit"), between AIM Counselor Series Trust, AIM
Equity Funds, AIM Funds Group, AIM Growth Series, AIM International Mutual
Funds, AIM Investment Funds, AIM Investment Securities Funds, AIM Sector Funds,
AIM Special Opportunities Funds, AIM Stock Funds, AIM Summit Fund, AIM
Treasurer's Series Trust and AIM Variable Insurance Funds (each a "Trust" or,
collectively, the "Trusts"), on behalf of the funds listed on the Exhibit to
this Memorandum of Agreement (the "Funds"), and A I M Advisors, Inc. ("AIM").
This Memorandum of Agreement restates the following: (i) Amended and Restated
Memorandum of Agreement dated May 5, 2005, between AIM Combination Stock & Bond
Funds, AIM Counselor Series Trust, AIM Equity Funds, AIM Funds Group, AIM Growth
Series, AIM International Mutual Funds, AIM Investment Funds, AIM Investment
Securities Funds, AIM Sector Funds, AIM Stock Funds, AIM Summit Fund, AIM
Variable Insurance Funds and AIM; (ii) Memorandum of Agreement as of the dates
indicated on Exhibit A between AIM Counselor Series Trust, AIM Special
Opportunities Fund and AIM; and (iii) Memorandum of Agreement as of the dates
indicated on Exhibit A between AIM Funds Group, AIM International Mutual Funds,
AIM Treasurer's Series Trust, AIM Variable Insurance Funds and AIM. AIM shall
and hereby agrees to waive fees of the Funds, on behalf of their respective
classes as applicable, severally and not jointly, as indicated in the attached
Exhibit.
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 AIM agree that until at least the
date set forth on Exhibit A (the "Expiration Date") and with respect to those
Funds listed on the Exhibit, AIM will waive its advisory fees at the rate set
forth on the attached Exhibit.
The Boards of Trustees and AIM may terminate or modify this Memorandum of
Agreement prior to the Expiration Date only by mutual written consent. AIM will
not have any right to reimbursement of any amount so waived or reimbursed.
Subject to the foregoing paragraphs, each of the Trusts and AIM agree to
review the then-current waivers for each class of the Funds listed on the
Exhibits on a date prior to the Expiration Date to determine whether such
waivers should be amended, continued or terminated. The waivers will expire upon
the Expiration Date unless the Trust and AIM have agreed to continue them. The
Exhibits will be amended to reflect any such agreement.
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 the Funds, 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 AIM have entered into this Memorandum
of Agreement as of the Effective Date on the attached Exhibits.
AIM COUNSELOR SERIES TRUST
AIM EQUITY FUNDS
AIM FUNDS GROUP
AIM GROWTH SERIES
AIM INTERNATIONAL MUTUAL FUNDS
AIM INVESTMENT FUNDS
AIM INVESTMENT SECURITIES FUNDS
AIM SECTOR FUNDS
AIM SPECIAL OPPORTUNITIES FUNDS
AIM STOCK FUNDS
AIM SUMMIT FUND
AIM TREASURER'S SERIES TRUST
AIM VARIABLE INSURANCE FUNDS
on behalf of the Funds listed in the
Exhibits to this Memorandum of Agreement
By: /s/ Xxxxxx X. Xxxxxx
------------------------------------
Title: President
A I M ADVISORS, INC.
By: /s/ Xxxxxx X. Xxxxxx
------------------------------------
Title: President
EXHIBIT TO ADVISORY FEE MOA
EFFECTIVE EXPIRATION
AIM COUNSELOR SERIES TRUST WAIVER DESCRIPTION DATE DATE
-------------------------- -------------------------------------------- ---------- ----------
AIM Advantage Health AIM will waive advisory fees to the extent 7/1/2005 6/30/2007
Sciences Fund necessary so that advisory fees AIM receives
do not exceed an annual base management fee
of 1.25% of the Fund's average daily net
assets, subject to a maximum performance
adjustment upward or downward of 0.75%
annually. As a result, AIM may receive a
management net fee that ranges from 0.50% to
2.00% of average daily net assets, based on
the Fund's performance.
AIM Multi-Sector Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.695% of the first $250M
0.67% of the next $250M
0.645% of the next $500M
0.62% of the next $1.5B
0.595% of the next $2.5B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
EFFECTIVE EXPIRATION
AIM EQUITY FUNDS WAIVER DESCRIPTION DATE DATE
---------------- -------------------------------------------- ---------- ----------
AIM Capital Development Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.745% of the first $250M
0.73% of the next $250M
0.715% of the next $500M
0.70% of the next $1.5B
0.685% of the next $2.5B
0.67% of the next $2.5B
0.655% of the next $2.5B
0.64% of the excess over $10B
AIM Charter Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.75% of the first $150M
0.615% of the next $4.85B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
AIM Constellation Fund AIM will waive advisory fees to the extent 3/27/2005 12/31/2009
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.695% of the first $250M
0.615% of the next $4B
0.595% of the next $750M
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
EXHIBIT TO ADVISORY FEE MOA
EFFECTIVE EXPIRATION
AIM EQUITY FUNDS - CONTINUED WAIVER DESCRIPTION DATE DATE
---------------------------- -------------------------------------------- ---------- ----------
AIM Large Cap Growth Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.695% of the first $250M
0.67% of the next $250M
0.645% of the next $500M
0.62% of the next $1.5B
0.595% of the next $2.5B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
AIM Select Basic Value Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.695% of the first $250M
0.67% of the next $250M
0.645% of the next $500M
0.62% of the next $1.5B
0.595% of the next $2.5B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
EFFECTIVE EXPIRATION
AIM FUNDS GROUP WAIVER DESCRIPTION DATE DATE
--------------- -------------------------------------------- ---------- ----------
AIM Basic Balanced Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.62% of the first $250M
0.605% of the next $250M
0.59% of the next $500M
0.575% of the next $1.5B
0.56% of the next $2.5B
0.545% of the next $2.5B
0.53% of the next $2.5B
0.515% of the excess over $10B
AIM European Small Company AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
Fund necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.935% of the first $250M
0.91% of the next $250M
0.885% of the next $500M
0.86% of the next $1.5B
0.835% of the next $2.5B
0.81% of the next $2.5B
0.785% of the next $2.5B
0.76% of the excess over $10B
AIM Global Value Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.80% of the first $250M
0.78% of the next $250M
0.76% of the next $500M
0.74% of the next $1.5B
0.72% of the next $2.5B
0.70% of the next $2.5B
0.68% of the next $2.5B
0.66% of the excess over $10B
EXHIBIT TO ADVISORY FEE MOA
EFFECTIVE EXPIRATION
AIM FUNDS GROUP - CONTINUED WAIVER DESCRIPTION DATE DATE
--------------------------- -------------------------------------------- ---------- ----------
AIM International Small AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
Company Fund necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.935% of the first $250M
0.91% of the next $250M
0.885% of the next $500M
0.86% of the next $1.5B
0.835% of the next $2.5B
0.81% of the next $2.5B
0.785% of the next $2.5B
0.76% of the excess over $10B
AIM Mid Cap Basic Value Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.745% of the first $250M
0.73% of the next $250M
0.715% of the next $500M
0.70% of the next $1.5B
0.685% of the next $2.5B
0.67% of the next $2.5B
0.655% of the next $2.5B
0.64% of the excess over $10B
AIM Select Equity Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.695% of the first $250M
0.67% of the next $250M
0.645% of the next $500M
0.62% of the next $1.5B
0.595% of the next $2.5B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
AIM Small Cap Equity Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.745% of the first $250M
0.73% of the next $250M
0.715% of the next $500M
0.70% of the next $1.5B
0.685% of the next $2.5B
0.67% of the next $2.5B
0.655% of the next $2.5B
0.64% of the excess over $10B
EXHIBIT TO ADVISORY FEE MOA
EFFECTIVE EXPIRATION
AIM GROWTH SERIES WAIVER DESCRIPTION DATE DATE
----------------- -------------------------------------------- --------- ----------
AIM Basic Value Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.695% of the first $250M
0.67% of the next $250M
0.645% of the next $500M
0.62% of the next $1.5B
0.595% of the next $2.5B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
AIM Global Equity Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.80% of the first $250M
0.78% of the next $250M
0.76% of the next $500M
0.74% of the next $1.5B
0.72% of the next $2.5B
0.70% of the next $2.5B
0.68% of the next $2.5B
0.66% of the excess over $10B
AIM INTERNATIONAL MUTUAL EFFECTIVE EXPIRATION
FUNDS WAIVER DESCRIPTION DATE DATE
------------------------ -------------------------------------------- --------- ----------
AIM Asia Pacific Growth Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.935% of the first $250M
0.91% of the next $250M
0.885% of the next $500M
0.86% of the next $1.5B
0.835% of the next $2.5B
0.81% of the next $2.5B
0.785% of the next $2.5B
0.76% of the excess over $10B
AIM European Growth Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.935% of the first $250M
0.91% of the next $250M
0.885% of the next $500M
0.86% of the next $1.5B
0.835% of the next $2.5B
0.81% of the next $2.5B
0.785% of the next $2.5B
0.76% of the excess over $10B
AIM Global Aggressive Growth AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
Fund necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.80% of the first $250M
0.78% of the next $250M
0.76% of the next $500M
0.74% of the next $1.5B
0.72% of the next $2.5B
0.70% of the next $2.5B
0.68% of the next $2.5B
0.66% of the excess over $10B
EXHIBIT TO ADVISORY FEE MOA
AIM INTERNATIONAL MUTUAL EFFECTIVE EXPIRATION
FUNDS - CONTINUED WAIVER DESCRIPTION DATE DATE
------------------------ -------------------------------------------- --------- ----------
AIM Global Growth Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.80% of the first $250M
0.78% of the next $250M
0.76% of the next $500M
0.74% of the next $1.5B
0.72% of the next $2.5B
0.70% of the next $2.5B
0.68% of the next $2.5B
0.66% of the excess over $10B
AIM International Growth AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
Fund necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.935% of the first $250M
0.91% of the next $250M
0.885% of the next $500M
0.86% of the next $1.5B
0.835% of the next $2.5B
0.81% of the next $2.5B
0.785% of the next $2.5B
0.76% of the excess over $10B
EFFECTIVE EXPIRATION
AIM INVESTMENT FUNDS WAIVER DESCRIPTION DATE DATE
-------------------- -------------------------------------------- --------- ----------
AIM Developing Markets Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.935% of the first $250M
0.91% of the next $250M
0.885% of the next $500M
0.86% of the next $1.5B
0.835% of the next $2.5B
0.81% of the next $2.5B
0.785% of the next $2.5B
0.76% of the excess over $10B
AIM Global Health Care Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
EXHIBIT TO ADVISORY FEE MOA
AIM INVESTMENT FUNDS - EFFECTIVE EXPIRATION
CONTINUED WAIVER DESCRIPTION DATE DATE
---------------------- -------------------------------------------- --------- ----------
AIM Trimark Endeavor Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.745% of the first $250M
0.73% of the next $250M
0.715% of the next $500M
0.70% of the next $1.5B
0.685% of the next $2.5B
0.67% of the next $2.5B
0.655% of the next $2.5B
0.64% of the excess over $10B
AIM Trimark Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.80% of the first $250M
0.78% of the next $250M
0.76% of the next $500M
0.74% of the next $1.5B
0.72% of the next $2.5B
0.70% of the next $2.5B
0.68% of the next $2.5B
0.66% of the excess over $10B
AIM Trimark Small Companies AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
Fund necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.745% of the first $250M
0.73% of the next $250M
0.715% of the next $500M
0.70% of the next $1.5B
0.685% of the next $2.5B
0.67% of the next $2.5B
0.655% of the next $2.5B
0.64% of the excess over $10B
AIM INVESTMENT SECURITIES EFFECTIVE EXPIRATION
FUNDS WAIVER DESCRIPTION DATE DATE
------------------------- -------------------------------------------- --------- ----------
AIM Real Estate Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
EXHIBIT TO ADVISORY FEE MOA
EFFECTIVE EXPIRATION
AIM SECTOR FUNDS WAIVER DESCRIPTION DATE DATE
---------------- -------------------------------------------- ---------- ----------
AIM Energy Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
AIM Financial Services Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
AIM Gold & Precious Metals AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
Fund necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
AIM Leisure Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
AIM Technology Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
EXHIBIT TO ADVISORY FEE MOA
EFFECTIVE EXPIRATION
AIM SECTOR FUNDS - CONTINUED WAIVER DESCRIPTION DATE DATE
---------------------------- -------------------------------------------- ---------- ----------
AIM Utilities Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
AIM SPECIAL OPPORTUNITIES EFFECTIVE EXPIRATION
FUNDS WAIVER DESCRIPTION DATE DATE
------------------------- -------------------------------------------- ---------- ----------
AIM Opportunities II Fund AIM will waive advisory fees to the extent 7/1/2006 6/30/2007
necessary so that advisory fees AIM receives
do not exceed an annual base management fee
of 1.00% of the Fund's average daily net
assets, subject to a maximum performance
adjustment upward or downward of 0.50%
annually. As a result, AIM may receive a
management net fee that ranges from 0.50% to
1.50% of average daily net assets, based on
the Fund's performance.
AIM Opportunities III Fund AIM will waive advisory fees to the extent 7/1/2006 6/30/2007
necessary so that advisory fees AIM receives
do not exceed an annual base management fee
of 1.00% of the Fund's average daily net
assets, subject to a maximum performance
adjustment upward or downward of 0.50%
annually. As a result, AIM may receive a
management net fee that ranges from 0.50% to
1.50% of average daily net assets, based on
the Fund's performance.
EFFECTIVE EXPIRATION
AIM STOCK FUNDS WAIVER DESCRIPTION DATE DATE
--------------- -------------------------------------------- ---------- ----------
AIM S&P 500 Index Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.25% of the first $250M
0.24% of the next $250M
0.23% of the next $500M
0.22% of the next $1.5B
0.21% of the next $2.5B
0.20% of the next $2.5B
0.19% of the next $2.5B
0.18% of the excess over $10B
EFFECTIVE EXPIRATION
AIM SUMMIT FUND WAIVER DESCRIPTION DATE DATE
--------------- -------------------------------------------- ---------- ----------
AIM Summit Fund AIM will waive advisory fees to the extent 1/1/2005 6/30/2007
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.695% of the first $250M
0.67% of the next $250M
0.645% of the next $500M
0.62% of the next $1.5B
0.595% of the next $2.5B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
EXHIBIT TO ADVISORY FEE MOA
EFFECTIVE EXPIRATION
AIM TREASURER'S SERIES TRUST WAIVER DESCRIPTION DATE DATE
---------------------------- -------------------------------------------- ---------- ----------
Premier Portfolio AIM will waive advisory fees in the amount of 2/25/2005 6/30/2007
0.08% of the Funds average daily net assets
Premier U.S. Government AIM will waive advisory fees in the amount of 2/25/2005 6/30/2007
Money Portfolio 0.08% of the Funds average daily net assets
EFFECTIVE EXPIRATION
AIM VARIABLE INSURANCE FUNDS WAIVER DESCRIPTION DATE DATE
---------------------------- -------------------------------------------- ---------- ----------
AIM V. I. Basic Balanced AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
Fund necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.62% of the first $150M
0.50% of the next $4.85B
0.475% of the next $5B
0.45% of the excess over $10B
AIM V. I. Basic Value Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.695% of the first $250M
0.67% of the next $250M
0.645% of the next $500M
0.62% of the next $1.5B
0.595% of the next $2.5B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
AIM V. I. Capital AIM will waive advisory fees to the extent 05/01/2006* 12/31/2009 *
Appreciation Fund necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below. *
0.695% of the first $250M
0.625% of the next $750M
0.62% of the next $1.5B
0.595% of the next $2.5B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
AIM V. I. Capital AIM will waive advisory fees to the extent 1/1/2005 4/30/2008
Development Fund necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.745% of the first $250M
0.73% of the next $250M
0.715% of the next $500M
0.70% of the next $1.5B
0.685% of the next $2.5B
0.67% of the next $2.5B
0.655% of the next $2.5B
0.64% of the excess over $10B
* The waiver schedule, effective date and expiration date shown are those
that will become effective upon the closing of the acquisition of AIM V.I.
Aggressive Growth Fund and AIM V.I. Growth Fund.
EXHIBIT TO ADVISORY FEE MOA
AIM VARIABLE INSURANCE FUNDS EFFECTIVE EXPIRATION
- CONTINUED WAIVER DESCRIPTION DATE DATE
---------------------------- -------------------------------------------- ---------- ----------
AIM V. I. Core Equity Fund AIM will waive advisory fees to the extent 1/1/2005 12/31/2009 *
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.695% of the first $250M
0.67% of the next $250M
0.645% of the next $500M
0.62% of the next $1.5B
0.595% of the next $2.5B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
AIM V. I. Demographic Trends AIM will waive advisory fees to the extent 1/1/2005 12/31/2009
Fund necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.695% of the first $250M
0.67% of the next $250M
0.645% of the next $500M
0.62% of the next $1.5B
0.595% of the next $2.5B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
AIM V. I. Dynamics Fund AIM will waive advisory fees to the extent 1/1/2005 4/30/2008
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.745% of the first $250M
0.73% of the next $250M
0.715% of the next $500M
0.70% of the next $1.5B
0.685% of the next $2.5B
0.67% of the next $2.5B
0.655% of the next $2.5B
0.64% of the excess over $10B
AIM V. I. Financial Services AIM will waive advisory fees to the extent 1/1/2005 4/30/2008
Fund necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
AIM V. I. Global Healthcare AIM will waive advisory fees to the extent 1/1/2005 4/30/2008
Fund necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
* The expiration date shown is the expiration date that will become effective
upon the closing of the acquisition of AIM V.I. Core Stock Fund.
EXHIBIT TO ADVISORY FEE MOA
AIM VARIABLE INSURANCE FUNDS EFFECTIVE EXPIRATION
- CONTINUED WAIVER DESCRIPTION DATE DATE
---------------------------- -------------------------------------------- ---------- ----------
AIM V. I. Global Real Estate AIM will waive advisory fees to the extent 1/1/2005 4/30/2008
Fund necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
AIM V. I. Large Cap Growth AIM will waive advisory fees to the extent 06/12/2006* 12/31/2009*
Fund necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.695% of the first $250M
0.67% of the next $250M
0.645% of the next $500M
0.62% of the next $1.5B
0.595% of the next $2.5B
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
AIM V. I. Leisure Fund AIM will waive advisory fees to the extent 1/1/2005 4/30/2008
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
AIM V. I. Small Cap Equity AIM will waive advisory fees to the extent 1/1/2005 4/30/2008
Fund necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.745% of the first $250M
0.73% of the next $250M
0.715% of the next $500M
0.70% of the next $1.5B
0.685% of the next $2.5B
0.67% of the next $2.5B
0.655% of the next $2.5B
0.64% of the excess over $10B
AIM V. I. Small Cap Growth AIM will waive advisory fees to the extent 1/1/2005 4/30/2008
Fund necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.745% of the first $250M
0.73% of the next $250M
0.715% of the next $500M
0.70% of the next $1.5B
0.685% of the next $2.5B
0.67% of the next $2.5B
0.655% of the next $2.5B
0.64% of the excess over $10B
* The effective date and expiration date shown are those that will become
effective upon the closing of the acquisition of AIM V.I. Blue Chip Fund.
EXHIBIT TO ADVISORY FEE MOA
AIM VARIABLE INSURANCE FUNDS EFFECTIVE EXPIRATION
- CONTINUED WAIVER DESCRIPTION DATE DATE
---------------------------- -------------------------------------------- ---------- ----------
AIM V. I. Technology Fund AIM will waive advisory fees to the extent 1/1/2005 4/30/2008
necessary so that advisory fees AIM receives
does not exceed the annualized rates listed
below.
0.75% of the first $250M
0.74% of the next $250M
0.73% of the next $500M
0.72% of the next $1.5B
0.71% of the next $2.5B
0.70% of the next $2.5B
0.69% of the next $2.5B
0.68% of the excess over $10B
