AMENDMENT NO. 19
TO
MASTER INVESTMENT ADVISORY AGREEMENT
This Amendment dated as of June 16, 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 revise the advisory
fee for Invesco Commodities 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
EFFECTIVE DATE OF
NAME OF FUND ADVISORY AGREEMENT
------------ ------------------
Invesco Balanced-Risk Allocation Fund May 29, 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
Invesco Commodities Strategy Fund June 16, 2010
Invesco FX Alpha Plus Strategy Fund February 12, 2010
Invesco FX Alpha Strategy Fund February 12, 2010
Sub-Item 77Q1(e)
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, 2010
2
Sub-Item 77Q1(e)
APPENDIX B
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 Aim 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 Aim Cayman
Commodity Fund I Ltd.
INVESCO CHINA 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%
3
Sub-Item 77Q1(e)
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
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%
4
Sub-Item 77Q1(e)
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
5
Sub-Item 77Q1(e)
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 INTERNATIONAL GROWTH EQUITY FUND
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%
6
Sub-Item 77Q1(e)
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.
7
Sub-Item 77Q1(e)
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)
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