SUB-ITEM 77Q1(e)
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) 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 - C), Invesco agrees until
at least the expiration date set forth on the attached Exhibits A - C (the
"Expiration Date") that Invesco will waive its fees or reimburse expenses to
the extent that expenses of a class of a Fund (excluding (i) interest;
(ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary or
non-routine items, including litigation expenses; and (v) expenses that each
Fund has incurred but did not actually pay because of an expense offset
arrangement, if applicable) exceed the rate, on an annualized basis, set forth
on the Exhibits of the average daily net assets allocable to such class.
Acquired fund fees and expenses are not fees or expenses incurred by a fund
directly but are expenses of the investment companies in which a fund invests.
These fees and expenses are incurred indirectly through the valuation of a
fund's investment in these investment companies. Acquired fund fees and
expenses are required to be disclosed and included in the total annual fund
operating expenses in the prospectus fee table. As a result, the net total
annual fund operating expenses shown in the prospectus fee table may exceed the
expense limits reflected in Exhibits A-C. With regard to the Contractual
Limits, the Board of Trustees of the Trust and Invesco may terminate or modify
this Memorandum of Agreement prior to the Expiration Date only by mutual
written consent. Invesco will not have any right to reimbursement of any amount
so waived or reimbursed.
For the Contractual Limits, Invesco agrees to review the then-current
expense limitations for each class of each Fund listed on the Exhibits on a
date prior to the Expiration Date to determine whether such limitations should
be amended, continued or terminated. The expense limitations will expire upon
the Expiration Date unless 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 - C), Invesco agrees that
these are not contractual in nature and that Invesco may establish, amend
and/or terminate such expense limitations at any time in its sole discretion
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)
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
2
as of July 1, 2012
EXHIBIT "A" - RETAIL FUNDS/1/
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 Contractual 1.50% July 1, 2012 June 30, 2013
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.00% July 1, 2012 June 30, 2013
Class C Shares Contractual 1.25% July 1, 2012 June 30, 2013
Class Y Shares
Invesco Core Plus Bond Fund Contractual 0.75% June 6, 2011 June 30, 2013
Class A Shares Contractual 1.50% June 6, 2011 June 30, 2013
Class B Shares Contractual 1.50% June 6, 2011 June 30, 2013
Class C Shares Contractual 1.00% June 6, 2011 June 30, 2013
Class R Shares Contractual 0.50% June 6, 2011 June 30, 2013
Class Y Shares Contractual 0.50% June 6, 2011 June 30, 2013
Institutional Class Shares
Invesco Equally-Weighted S&P 500 Fund Contractual 2.00% July 1, 2012 June 30, 2013
Class A Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class R Shares Contractual 1.75% July 1, 2012 June 30, 2013
Class Y Shares
Invesco Floating Rate Fund Contractual 1.50% April 14, 2006 June 30, 2013
Class A Shares Contractual 2.00% April 14, 2006 June 30, 2013
Class C Shares Contractual 1.75% April 14, 2006 June 30, 2013
Class R Shares Contractual 1.25% October 3, 2008 June 30, 2013
Class Y Shares Contractual 1.25% April 14, 2006 June 30, 2013
Institutional Class Shares
Invesco Global Real Estate Income Fund Contractual 2.00% July 1, 2009 June 30, 2013
Class A Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class C Shares Contractual 1.75% July 1, 2009 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2013
Institutional Class Shares
Invesco S&P 500 Index Fund Contractual 2.00% July 1, 2012 June 30, 2013
Class A Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class C Shares Contractual 1.75% July 1, 2012 June 30, 2013
Class Y Shares
Invesco U.S. Quantitative Core Fund Contractual 2.00% July 1, 2012 June 30, 2013
Class A Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class R Shares Contractual 1.75% July 1, 2012 June 30, 2013
Class Y Shares Contractual 2.00% July 1, 2012 June 30, 2013
Investor Class Shares Contractual 1.75% July 1, 2012 June 30, 2013
Institutional Class Shares
Invesco Xxx Xxxxxx American Franchise Fund Contractual 1.05% May 23, 2011 June 30, 2013
Class A Shares Contractual 1.22%/2/ May 23, 2011 June 30, 2013
Class B Shares Contractual 1.80% May 23, 2011 June 30, 2013
Class C Shares Contractual 1.30% May 23, 2011 June 30, 2013
Class R Shares Contractual 0.80% May 23, 2011 June 30, 2013
Class Y Shares Contractual 0.80% May 23, 2011 June 30, 2013
Institutional Class Shares
See page 14 for footnotes to Exhibit A.
3
as of July 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ----------------- -------------
Invesco Xxx Xxxxxx Equity and Income Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class R Shares Contractual 1.75% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2013
Institutional Class Shares Contractual 1.25% July 1, 2012 June 30, 2013
Invesco Xxx Xxxxxx Growth and Income Fund
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class R Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2013
Institutional Class Shares Contractual 1.75% July 1, 2012 June 30, 0000
Xxxxxxx Xxx Xxxxxx Xxxxxxxxxxxx Tax Free Income Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2013
Invesco Xxx Xxxxxx Small Cap Growth Fund
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2013
AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ------------------ -------------
Invesco Charter Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2013
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2013
Class S Shares Contractual 1.90% September 25, 2009 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2013
Institutional Class Shares Contractual 1.75% July 1, 2009 June 30, 2013
Invesco Constellation Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2013
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2013
Institutional Class Shares Contractual 1.75% July 1, 2009 June 30, 2013
Invesco Disciplined Equity Fund
Class Y Shares Contractual 1.75% July 14, 2009 June 30, 2013
Invesco Diversified Dividend Fund
Class A Shares Contractual 0.95% July 18, 2011 June 30, 2013
Class B Shares Contractual 1.70% July 18, 2011 June 30, 2013
Class C Shares Contractual 1.70% July 18, 2011 June 30, 2013
Class R Shares Contractual 1.20% July 18, 2011 June 30, 2013
Class Y Shares Contractual 0.70% July 18, 2011 June 30, 2013
Investor Class Shares Contractual 0.95% July 18, 2011 June 30, 2013
Institutional Class Shares Contractual 0.70% July 18, 2011 June 30, 2013
See page 14 for footnotes to Exhibit A.
4
as of July 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ------------------ -------------
Invesco Summit Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2013
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class P Shares Contractual 1.85% July 1, 2009 June 30, 2013
Class S Shares Contractual 1.90% September 25, 2009 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2013
Institutional Class Shares Contractual 1.75% July 1, 2009 June 30, 2013
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 June 30, 2013
Class B Shares Contractual 3.00% July 1, 2009 June 30, 2013
Class C Shares Contractual 3.00% July 1, 2009 June 30, 2013
Class Y Shares Contractual 2.00% July 1, 2009 June 30, 2013
Invesco Global Core Equity Fund
Class A Shares Contractual 1.25% May 23, 2011 June 30, 2013
Class B Shares Contractual 1.52%/2/ 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 June 30, 2013
Class B Shares Contractual 3.00% July 1, 2009 June 30, 2013
Class C Shares Contractual 3.00% July 1, 2009 June 30, 2013
Class Y Shares Contractual 2.00% July 1, 2009 June 30, 2013
Institutional Class Shares Contractual 2.00% July 1, 2009 June 30, 2013
Invesco Small Cap Equity Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2013
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2013
Institutional Class Shares Contractual 1.75% July 1, 2009 June 30, 2013
AIM GROWTH SERIES (INVESCO GROWTH SERIES)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ----------------- --------------
Invesco Balanced-Risk Retirement 2020 Fund
Class A Shares Contractual 0.25% November 4, 2009 April 30, 2013
Class A5 Shares Contractual 0.25% February 12, 2010 April 30, 2013
Class B Shares Contractual 1.00% November 4, 2009 April 30, 2013
Class C Shares Contractual 1.00% November 4, 2009 April 30, 2013
Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2013
Class R Shares Contractual 0.50% November 4, 2009 April 30, 2013
Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2013
Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2013
Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2013
See page 14 for footnotes to Exhibit A.
5
as of July 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ----------------- --------------
Invesco Balanced-Risk Retirement 2030 Fund
Class A Shares Contractual 0.25% November 4, 2009 April 30, 2013
Class A5 Shares Contractual 0.25% February 12, 2010 April 30, 2013
Class B Shares Contractual 1.00% November 4, 2009 April 30, 2013
Class C Shares Contractual 1.00% November 4, 2009 April 30, 2013
Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2013
Class R Shares Contractual 0.50% November 4, 2009 April 30, 2013
Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2013
Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2013
Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2013
Invesco Balanced-Risk Retirement 2040 Fund
Class A Shares Contractual 0.25% November 4, 2009 April 30, 2013
Class A5 Shares Contractual 0.25% February 12, 2010 April 30, 2013
Class B Shares Contractual 1.00% November 4, 2009 April 30, 2013
Class C Shares Contractual 1.00% November 4, 2009 April 30, 2013
Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2013
Class R Shares Contractual 0.50% November 4, 2009 April 30, 2013
Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2013
Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2013
Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2013
Invesco Balanced-Risk Retirement 2050 Fund
Class A Shares Contractual 0.25% November 4, 2009 April 30, 2013
Class A5 Shares Contractual 0.25% February 12, 2010 April 30, 2013
Class B Shares Contractual 1.00% November 4, 2009 April 30, 2013
Class C Shares Contractual 1.00% November 4, 2009 April 30, 2013
Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2013
Class R Shares Contractual 0.50% November 4, 2009 April 30, 2013
Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2013
Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2013
Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2013
Invesco Balanced-Risk Retirement Now Fund
Class A Shares Contractual 0.25% November 4, 2009 April 30, 2013
Class A5 Shares Contractual 0.25% February 12, 2010 April 30, 2013
Class B Shares Contractual 1.00% November 4, 2009 April 30, 2013
Class C Shares Contractual 1.00% November 4, 2009 April 30, 2013
Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2013
Class R Shares Contractual 0.50% November 4, 2009 April 30, 2013
Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2013
Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2013
Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2013
Invesco Conservative Allocation Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class R Shares Contractual 1.75% July 1, 2012 June 30, 2013
Class S Shares Contractual 1.40% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2013
Institutional Class Shares Contractual 1.25% July 1, 2012 June 30, 2013
Invesco Convertible Securities Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2013
Institutional Class Shares Contractual 1.25% July 1, 2012 June 30, 2013
See page 14 for footnotes to Exhibit A.
6
as of July 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ----------------- --------------
Invesco Global Quantitative Core Fund
Class A Shares Contractual 2.25% July 1, 2009 June 30, 2013
Class B Shares Contractual 3.00% July 1, 2009 June 30, 2013
Class C Shares Contractual 3.00% July 1, 2009 June 30, 2013
Class R Shares Contractual 2.50% July 1, 2009 June 30, 2013
Class Y Shares Contractual 2.00% July 1, 2009 June 30, 2013
Institutional Class Shares Contractual 2.00% July 1, 2009 June 30, 2013
Invesco Growth Allocation Fund
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class R Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class S Shares Contractual 1.90% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2013
Institutional Class Shares Contractual 1.75% July 1, 2012 June 30, 2013
Invesco Income Allocation Fund
Class A Shares Contractual 0.25% May 1, 2012 April 30, 2013
Class B Shares Contractual 1.00% May 1, 2012 April 30, 2013
Class C Shares Contractual 1.00% May 1, 2012 April 30, 2013
Class R Shares Contractual 0.50% May 1, 2012 April 30, 2013
Class Y Shares Contractual 0.00% May 1, 2012 April 30, 2013
Institutional Class Shares Contractual 0.00% May 1, 2012 April 30, 2013
Invesco International Allocation Fund
Class A Shares Contractual 2.25% May 1, 2012 June 30, 2013
Class B Shares Contractual 3.00% May 1, 2012 June 30, 2013
Class C Shares Contractual 3.00% May 1, 2012 June 30, 2013
Class R Shares Contractual 2.50% May 1, 2012 June 30, 2013
Class Y Shares Contractual 2.00% May 1, 2012 June 30, 2013
Institutional Class Shares Contractual 2.00% May 1, 2012 June 30, 2013
Invesco Mid Cap Core Equity Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2013
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2013
Institutional Class Shares Contractual 1.75% July 1, 2009 June 30, 2013
Invesco Moderate Allocation Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class R Shares Contractual 1.75% July 1, 2012 June 30, 2013
Class S Shares Contractual 1.40% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2013
Institutional Class Shares Contractual 1.25% July 1, 2012 June 30, 2013
Invesco Small Cap Growth Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2013
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2013
Investor Class Shares Contractual 2.00% July 1, 2009 June 30, 2013
Institutional Class Shares Contractual 1.75% July 1, 2009 June 30, 2013
Invesco Xxx Xxxxxx Leaders Fund
Class A Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class B Shares Contractual 3.00% July 1, 2012 June 30, 2013
Class C Shares Contractual 3.00% July 1, 2012 June 30, 2013
Class Y Shares Contractual 2.00% July 1, 2012 June 30, 2013
See page 14 for footnotes to Exhibit A.
7
as of July 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ----------------- -------------
Invesco Xxx Xxxxxx U.S. Mortgage Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2013
Institutional Class Shares Contractual 1.25% July 1, 2012 June 30, 2013
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 June 30, 2013
Class B Shares Contractual 3.00% July 1, 2009 June 30, 2013
Class C Shares Contractual 3.00% July 1, 2009 June 30, 2013
Class Y Shares Contractual 2.00% July 1, 2009 June 30, 2013
Invesco European Growth Fund
Class A Shares Contractual 2.25% July 1, 2009 June 30, 2013
Class B Shares Contractual 3.00% July 1, 2009 June 30. 2013
Class C Shares Contractual 3.00% July 1, 2009 June 30, 2013
Class R Shares Contractual 2.50% July 1, 2009 June 30, 2013
Class Y Shares Contractual 2.00% July 1, 2009 June 30, 2013
Investor Class Shares Contractual 2.25% July 1, 2009 June 30, 2013
Invesco Global Growth Fund
Class A Shares Contractual 1.32% December 19, 2011 December 31, 2012
Class B Shares Contractual 2.07% December 19, 2011 December 31, 2012
Class C Shares Contractual 2.07% December 19, 2011 December 31, 2012
Class Y Shares Contractual 1.07% December 19, 2011 December 31, 2012
Institutional Class Shares Contractual 1.07% December 19, 2011 December 31, 2012
Invesco Global Opportunities Fund
Class A Shares Contractual 1.36% August 1, 2012 July 31, 2013
Class C Shares Contractual 2.11% August 1, 2012 July 31, 2013
Class R Shares Contractual 1.61% August 1, 2012 July 31, 2013
Class Y Shares Contractual 1.11% August 1, 2012 July 31, 2013
Institutional Class Shares Contractual 1.11% August 1, 2012 July 31, 2013
Invesco Select Opportunities Fund
Class A Shares Contractual 1.51% August 1, 2012 July 31, 2013
Class C Shares Contractual 2.26% August 1, 2012 July 31, 2013
Class R Shares Contractual 1.76% August 1, 2012 July 31, 2013
Class Y Shares Contractual 1.26% August 1, 2012 July 31, 2013
Institutional Class Shares Contractual 1.26% August 1, 2012 July 31, 2013
Invesco Global Small & Mid Cap Growth Fund
Class A Shares Contractual 2.25% July 1, 2009 June 30. 2013
Class B Shares Contractual 3.00% July 1, 2009 June 30, 2013
Class C Shares Contractual 3.00% July 1, 2009 June 30, 2013
Class Y Shares Contractual 2.00% July 1, 2009 June 30, 2013
Institutional Class Shares Contractual 2.00% July 1, 2009 June 30, 2013
Invesco International Core Equity Fund
Class A Shares Contractual 2.25% July 1, 2009 June 30. 2013
Class B Shares Contractual 3.00% July 1, 2009 June 30, 2013
Class C Shares Contractual 3.00% July 1, 2009 June 30, 2013
Class R Shares Contractual 2.50% July 1, 2009 June 30, 2013
Class Y Shares Contractual 2.00% July 1, 2009 June 30, 2013
Investor Class Shares Contractual 2.25% July 1, 2009 June 30, 2013
Institutional Class Shares Contractual 2.00% July 1, 2009 June 30, 2013
See page 14 for footnotes to Exhibit A.
8
as of July 1, 2012
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 Fund/3/
Class A Shares Contractual 2.00% July 1, 2012 June 30. 2013
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class R Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2013
Institutional Class Shares Contractual 1.75% July 1, 2012 June 30, 2013
Invesco Balanced-Risk Commodity Strategy Fund/4/
Class A Shares Contractual 1.22% November 29, 2010 June 30. 2014
Class B Shares Contractual 1.97% November 29, 2010 June 30, 2014
Class C Shares Contractual 1.97% November 29, 2010 June 30, 2014
Class R Shares Contractual 1.47% November 29, 2010 June 30, 2014
Class Y Shares Contractual 0.97% November 29, 2010 June 30, 2014
Institutional Class Shares Contractual 0.97% November 29, 2010 June 30, 2014
Invesco China Fund
Class A Shares Contractual 2.25% July 1, 2009 June 30, 2013
Class B Shares Contractual 3.00% July 1, 2009 June 30, 2013
Class C Shares Contractual 3.00% July 1, 2009 June 30, 2013
Class Y Shares Contractual 2.00% July 1, 2009 June 30, 2013
Institutional Class Shares Contractual 2.00% July 1, 2009 June 30, 2013
Invesco Developing Markets Fund
Class A Shares Contractual 2.25% July 1, 2012 June 30. 2013
Class B Shares Contractual 3.00% July 1, 2012 June 30, 2013
Class C Shares Contractual 3.00% July 1, 2012 June 30, 2013
Class Y Shares Contractual 2.00% July 1, 2012 June 30, 2013
Institutional Class Shares Contractual 2.00% July 1, 2012 June 30, 2013
Invesco Emerging Markets Equity Fund
Class A Shares Contractual 1.85% May 11, 2011 February 28, 2013
Class C Shares Contractual 2.60% May 11, 2011 February 28, 2013
Class R Shares Contractual 2.10% May 11, 2011 February 28, 2013
Class Y Shares Contractual 1.60% May 11, 2011 February 28, 2013
Institutional Class Shares Contractual 1.60% May 11, 2011 February 28, 2013
Invesco Emerging Market Local Currency Debt Fund
Class A Shares Contractual 1.24% June 14, 2010 February 28, 2013
Class B Shares Contractual 1.99% June 14, 2010 February 28, 2013
Class C Shares Contractual 1.99% June 14, 2010 February 28, 2013
Class R Shares Contractual 1.49% June 14, 2010 February 28, 2013
Class Y Shares Contractual 0.99% June 14, 2010 February 28, 2013
Institutional Class Shares Contractual 0.99% June 14, 2010 February 28, 2013
See page 14 for footnotes to Exhibit A.
9
as of July 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ----------------- -----------------
Invesco Endeavor Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30. 2013
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2013
Institutional Class Shares Contractual 1.75% July 1, 2009 June 30, 2013
Invesco Global Health Care Fund
Class A Shares Contractual 2.00% July 1, 2012 June 30. 2013
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2013
Investor Class Shares Contractual 2.00% July 1, 2012 June 30, 2013
Invesco International Total Return Fund
Class A Shares Contractual 1.10% March 31, 2006 February 28, 2013
Class B Shares Contractual 1.85% March 31, 2006 February 28, 2013
Class C Shares Contractual 1.85% March 31, 2006 February 28, 2013
Class Y Shares Contractual 0.85% October 3, 2008 February 28, 2013
Institutional Class Shares Contractual 0.85% March 31, 2006 February 28, 2013
Invesco Pacific Growth Fund
Class A Shares Contractual 2.25% July 1, 2012 June 30. 2013
Class B Shares Contractual 3.00% July 1, 2012 June 30, 2013
Class C Shares Contractual 3.00% July 1, 2012 June 30, 2013
Class R Shares Contractual 2.50% July 1, 2012 June 30, 2013
Class Y Shares Contractual 2.00% July 1, 2012 June 30, 2013
Institutional Class Shares Contractual 2.00% July 1, 2012 June 30, 2013
Invesco Premium Income Fund
Class A Shares Contractual 0.89% December 13, 2011 February 28, 2013
Class C Shares Contractual 1.64% December 13, 2011 February 28, 2013
Class R Shares Contractual 1.14% December 13, 2011 February 28, 2013
Class Y Shares Contractual 0.64% December 13, 2011 February 28, 2013
Institutional Class Shares Contractual 0.64% December 13, 2011 February 28, 2013
Invesco Select Companies Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30. 2013
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2013
Institutional Class Shares Contractual 1.75% July 1, 2009 June 30, 2013
AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
EFFECTIVE DATE
CONTRACTUAL/ EXPENSE OF CURRENT EXPIRATION
FUND VOLUNTARY LIMITATION LIMIT DATE
---- ------------ ---------- -------------- -------------
Invesco Dynamics Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30. 2013
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2013
Investor Class Shares Contractual 2.00% July 1, 2009 June 30, 2013
Institutional Class Shares Contractual 1.75% July 1, 2009 June 30. 2013
See page 14 for footnotes to Exhibit A.
10
as of July 1, 2012
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, 2013
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2013
Institutional Class Shares Contractual 1.75% July 1, 2009 June 30, 2013
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 1.50% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.00% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.10% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2013
Invesco Limited Maturity Treasury Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2013
Class A2 Shares Contractual 1.40% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2013
Institutional Class Shares Contractual 1.25% July 1, 2012 June 30, 2013
Invesco Municipal Bond Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2013
Investor Class Shares Contractual 1.50% July 1, 2012 June 30, 2013
Invesco Real Estate Fund
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class R Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2013
Investor Class Shares Contractual 2.00% July 1, 2012 June 30, 2013
Institutional Class Shares Contractual 1.75% July 1, 2012 June 30, 2013
Invesco Short Term Bond Fund
Class A Shares Contractual 0.56% June 6, 2011 June 30, 2013
Class C Shares Contractual 0.91%/8/ 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 1.50% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class R Shares Contractual 1.75% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2013
Investor Class Shares Contractual 1.50% July 1, 2012 June 30, 2013
Institutional Class Shares Contractual 1.25% July 1, 2012 June 30, 2013
See page 14 for footnotes to Exhibit A.
11
as of July 1, 2012
EFFECTIVE DATE
CONTRACTUAL/ EXPENSE OF CURRENT EXPIRATION
FUND VOLUNTARY LIMITATION LIMIT DATE
---- ------------ ---------- -------------- -------------
Invesco Xxx Xxxxxx Corporate Bond Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class R Shares Contractual 1.75% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2013
Institutional Class Shares Contractual 1.25% July 1, 2012 June 30, 2013
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 June 30, 2013
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2013
Investor Class Shares Contractual 2.00% July 1, 2009 June 30, 2013
Institutional Class Shares Contractual 1.75% July 1, 2009 June 30, 2013
Invesco Gold & Precious Metals Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2013
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2013
Investor Class Shares Contractual 2.00% July 1, 2009 June 30, 2013
Invesco Leisure Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2013
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2013
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2013
Investor Class Shares Contractual 2.00% July 1, 2009 June 30, 2013
Invesco Technology Fund
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2013
Investor Class Shares Contractual 2.00% July 1, 2012 June 30, 2013
Institutional Class Shares Contractual 1.75% July 1, 2012 June 30, 2013
Invesco Technology Sector Fund
Class A Shares Contractual 2.00% February 12, 2010 June 30, 2013
Class B Shares Contractual 2.75% February 12, 2010 June 30, 2013
Class C Shares Contractual 2.75% February 12, 2010 June 30, 2013
Class Y Shares Contractual 1.75% February 12, 2010 June 30, 2013
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 Xxx Xxxxxx American Value Fund
Class A Shares Contractual 1.25% April 30, 2012 June 30, 2013
Class B Shares Contractual 2.00% April 30, 2012 June 30, 2013
Class C Shares Contractual 2.00% April 30, 2012 June 30, 2013
Class R Shares Contractual 1.50% April 30, 2012 June 30, 2013
Class Y Shares Contractual 1.00% April 30, 2012 June 30, 2013
Institutional Class Shares Contractual 1.00% April 30, 2012 June 30, 2013
See page 14 for footnotes to Exhibit A.
12
as of July 1, 2012
EFFECTIVE DATE
CONTRACTUAL/ EXPENSE OF CURRENT EXPIRATION
FUND VOLUNTARY LIMITATION LIMIT DATE
---- ------------ ---------- -------------- -------------
Invesco Xxx Xxxxxx Xxxxxxxx Fund
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class R Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2013
Institutional Class Shares Contractual 1.75% July 1, 2012 June 30, 2013
Invesco Xxx Xxxxxx Mid Cap Growth Fund
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class R Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2013
Institutional Class Shares Contractual 1.75% July 1, 2012 June 30, 2013
Invesco Xxx Xxxxxx Small Cap Value Fund
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2013
Xxx Xxxxxx Value Opportunities Fund
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class R Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2013
Institutional Class Shares Contractual 1.75% July 1, 2012 June 30, 2013
AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
EFFECTIVE DATE
CONTRACTUAL/ EXPENSE OF CURRENT EXPIRATION
FUND VOLUNTARY LIMITATION LIMIT DATE
---- ------------ ---------- -------------- -------------
Invesco Tax-Free Intermediate Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2013
Class A2 Shares Contractual 1.25% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2013
Institutional Class Shares Contractual 1.25% July 1, 2012 June 30, 2013
Invesco Xxx Xxxxxx High Yield Municipal Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2013
Institutional Class Contractual 1.25% July 1, 2012 June 30, 2013
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.
13
as of July 1, 2012
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 1.50% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2013
/1/ The total operating expenses of any class of shares established after the
date of this Memorandum of Agreement will be limited to the amount
established for Class A Shares plus the difference between the new class
12b-1 rate and the Class A 12b-1 rate.
/2/ The expense limit shown is the expense limit after Rule 12b-1 fee waivers
by Invesco Distributors, Inc.
/3/ Includes waived fees or reimbursed expenses that Invesco receives from
Invesco Cayman Commodity Fund I, Ltd.
/4/ Includes waived fees or reimbursed expenses that Invesco receives from
Invesco Cayman Commodity Fund III, Ltd.
14
as of July 1, 2012
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, 2012
Corporate Class Contractual 0.17% July 1, 2009 December 31, 2012
Institutional Class Contractual 0.14% July 1, 2009 December 31, 2012
Personal Investment Class Contractual 0.69%/2/ July 1, 2009 December 31, 2012
Private Investment Class Contractual 0.44%/2/ July 1, 2009 December 31, 2012
Reserve Class Contractual 1.01%/2/ July 1, 2009 December 31, 2012
Resource Class Contractual 0.30%/2/ July 1, 2009 December 31, 2012
Government TaxAdvantage Portfolio
Cash Management Class Contractual 0.22%/2/ July 1, 2009 December 31, 2012
Corporate Class Contractual 0.17% July 1, 2009 December 31, 2012
Institutional Class Contractual 0.14% July 1, 2009 December 31, 2012
Personal Investment Class Contractual 0.69%/2/ July 1, 2009 December 31, 2012
Private Investment Class Contractual 0.39%/2/ July 1, 2009 December 31, 2012
Reserve Class Contractual 1.01%/2/ July 1, 2009 December 31, 2012
Resource Class Contractual 0.30%/2/ July 1, 2009 December 31, 2012
Liquid Assets Portfolio
Cash Management Class Contractual 0.22%/2/ July 1, 2009 December 31, 2012
Corporate Class Contractual 0.17% July 1, 2009 December 31, 2012
Institutional Class Contractual 0.14% July 1, 2009 December 31, 2012
Personal Investment Class Contractual 0.69%/2/ July 1, 2009 December 31, 2012
Private Investment Class Contractual 0.44%/2/ July 1, 2009 December 31, 2012
Reserve Class Contractual 1.01%/2/ July 1, 2009 December 31, 2012
Resource Class Contractual 0.34% July 1, 2009 December 31, 2012
STIC Prime Portfolio
Cash Management Class Contractual 0.22%/2/ July 1, 2009 December 31, 2012
Corporate Class Contractual 0.17% July 1, 2009 December 31, 2012
Institutional Class Contractual 0.14% July 1, 2009 December 31, 2012
Personal Investment Class Contractual 0.69%/2/ July 1, 2009 December 31, 2012
Private Investment Class Contractual 0.44%/2/ July 1, 2009 December 31, 2012
Reserve Class Contractual 1.01%/2/ July 1, 2009 December 31, 2012
Resource Class Contractual 0.30%/2/ July 1, 2009 December 31, 2012
Tax-Free Cash Reserve Portfolio/3/
Cash Management Class Contractual 0.33%/2/ July 1, 2009 December 31, 2012
Corporate Class Contractual 0.28% July 1, 2009 December 31, 2012
Institutional Class Contractual 0.25% July 1, 2009 December 31, 2012
Personal Investment Class Contractual 0.80%/2/ July 1, 2009 December 31, 2012
Private Investment Class Contractual 0.50%/2/ July 1, 2009 December 31, 2012
Reserve Class Contractual 1.12%/2/ July 1, 2009 December 31, 2012
Resource Class Contractual 0.41%/2/ July 1, 2009 December 31, 2012
Treasury Portfolio
Cash Management Class Contractual 0.22%/2/ July 1, 2009 December 31, 2012
Corporate Class Contractual 0.17% July 1, 2009 December 31, 2012
Institutional Class Contractual 0.14% July 1, 2009 December 31, 2012
Personal Investment Class Contractual 0.69%/2/ July 1, 2009 December 31, 2012
Private Investment Class Contractual 0.44%/2/ July 1, 2009 December 31, 2012
Reserve Class Contractual 1.01%/2/ July 1, 2009 December 31, 2012
Resource Class Contractual 0.30%/2/ July 1, 2009 December 31, 2012
/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.
15
as of July 1, 2012
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 Fund/1/
Series I Shares Contractual 0.72% May 15, 2012 June 30, 2013
Series II Shares Contractual 0.97% May 15, 2012 June 30, 2013
Invesco V.I. Core Equity Fund
Series I Shares Contractual 1.30% January 1, 2005 April 30, 2013
Series II Shares Contractual 1.45% January 1, 2005 April 30, 2013
Invesco V.I. Diversified Dividend Fund
Series I Shares Contractual 0.77% July 1, 2012 April 30, 2013
Series II Shares Contractual 1.02% July 1, 2012 April 30, 2013
Invesco V.I. Diversified Income Fund
Series I Shares Contractual 0.75% July 1, 2005 April 30, 2013
Series II Shares Contractual 1.00% July 1, 2005 April 30, 2013
Invesco V.I. Equally-Weighted S&P 500 Fund
Series I Shares Contractual 2.00% July 1, 2012 June 30, 2013
Series II Shares Contractual 2.25% July 1, 2012 June 30, 2013
Invesco V.I. Global Core Equity Fund
Series I Shares Contractual 2.25% July 1, 2012 June 30, 2013
Series II Shares Contractual 2.50% July 1, 2012 June 30, 2013
Invesco V.I. Global Health Care Fund
Series I Shares Contractual 1.30% April 30, 2004 April 30, 2013
Series II Shares Contractual 1.45% April 30, 2004 April 30, 2013
Invesco V.I. Global Real Estate Fund
Series I Shares Contractual 1.30% April 30, 2004 April 30, 2013
Series II Shares Contractual 1.45% April 30, 2004 April 30, 2013
Invesco V.I. Government Securities Fund
Series I Shares Contractual 0.70% July 1, 2012 April 30, 2013
Series II Shares Contractual 0.95% July 1, 2012 April 30, 2013
Invesco V.I. High Yield Fund
Series I Shares Contractual 0.80% May 2, 2011 June 30, 2013
--------
/1/ Includes waived fees or reimbursed expenses that Invesco receives from
Invesco Cayman Commodity Fund IV, Ltd.
16
as of July 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ------------------ --------------
Series II Shares Contractual 1.05% May 2, 2011 June 30, 2013
Invesco V.I. High Yield Securities Fund
Series I Shares Contractual 1.50% July 1, 2012 June 30, 2013
Series II Shares Contractual 1.75% July 1, 2012 June 30, 2013
Invesco V.I. International Growth Fund
Series I Shares Contractual 2.25% July 1, 2012 June 30, 2013
Series II Shares Contractual 2.50% July 1, 2012 June 30, 2013
Invesco V.I. Mid Cap Core Equity Fund
Series I Shares Contractual 1.30% September 10, 2001 April 30, 2013
Series II Shares Contractual 1.45% September 10, 2001 April 30, 2013
Invesco V.I. Money Market Fund
Series I Shares Contractual 1.30% January 1, 2005 April 30, 2013
Series II Shares Contractual 1.45% January 1, 2005 April 30, 2013
Invesco V.I. S&P 500 Index Fund
Series I Shares Contractual 2.00% July 1, 2012 June 30, 2013
Series II Shares Contractual 2.25% July 1, 2012 June 30, 2013
Invesco V.I. Small Cap Equity Fund
Series I Shares Contractual 1.15% July 1, 2005 April 30, 2013
Series II Shares Contractual 1.40% July 1, 2005 April 30, 2013
Invesco V.I. Technology Fund
Series I Shares Contractual 1.30% April 30, 2004 April 30, 2013
Series II Shares Contractual 1.45% April 30, 2004 April 30, 2013
Invesco V.I. Utilities Fund
Series I Shares Contractual 2.00% May 1, 2012 June 30, 2013
Series II Shares Contractual 2.25% May 1, 2012 June 30, 2013
Invesco Xxx Xxxxxx V.I. American Franchise Fund
Series I Shares Contractual 0.90% July 1, 2012 June 30, 2014
Series II Shares Contractual 1.15% July 1, 2012 June 30, 2014
Invesco Xxx Xxxxxx V.I. Xxxxxxxx Fund
Series I Shares Contractual 0.72% July 1, 2012 April 30, 2013
Series II Shares Contractual 0.97% July 1, 2012 April 30, 2013
Invesco Xxx Xxxxxx V.I. Equity and Income Fund
Series I Shares Contractual 1.50% July 1, 2012 June 30, 2013
Series II Shares Contractual 1.75% July 1, 2012 June 30, 2013
17
as of July 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ----------------- --------------
Invesco Xxx Xxxxxx V.I. Growth and Income Fund
Series I Shares Contractual 0.72% July 1, 2012 April 30, 2013
Series II Shares Contractual 0.97% July 1, 2012 April 30, 2013
Invesco Xxx Xxxxxx V.I. Mid Cap Growth Fund
Series I Shares Contractual 1.09% July 1, 2012 June 30, 2014
Series II Shares Contractual 1.34% July 1, 2012 June 30, 2014
Invesco Xxx Xxxxxx V.I. Mid Cap Value Fund
Series I Shares Contractual 2.00% July 1, 2012 June 30, 2013
Series II Shares Contractual 2.25% July 1, 2012 June 30, 2013
Invesco Xxx Xxxxxx V.I. Value Opportunities Fund
Series I Shares Contractual 1.30% January 1, 2005 April 30, 2013
Series II Shares Contractual 1.45% January 1, 2005 April 30, 2013
18
