AMENDMENT NO. 25 TO SUB-ADVISORY CONTRACT
AMENDMENT NO. 25
TO
SUB-ADVISORY CONTRACT
This Amendment dated as of April 17, 2020, amends the Sub-Advisory Contract (the “Contract”) between Invesco Advisers, Inc. (the “Advisor”) and Invesco Capital Management LLC (the “Sub-Advisor”).
WHEREAS, the parties agree to amend the Contract to (i) remove Invesco Oppenheimer Equity Income Fund and Invesco Oppenheimer Real Estate Fund, series portfolios of AIM Counselor Series Trust (Invesco Counselor Series Trust), Invesco Oppenheimer Dividend Opportunity Fund, a series portfolio of AIM Equity Funds (Invesco Equity Funds), Invesco Oppenheimer Mid Cap Value Fund, a series portfolio of AIM Growth Series (Invesco Growth Series), Invesco Oppenheimer Capital Income Fund, Invesco Oppenheimer Global Multi-Asset Income Fund and Invesco Oppenheimer Global Infrastructure Fund, series portfolios of AIM Investment Funds (Invesco Investment Funds), Invesco Oppenheimer Small Cap Value Fund, a series portfolio of AIM Sector Funds (Invesco Sector Funds), effective April 17, 2020; (ii) remove Invesco V.I. Mid Cap Growth Fund, a series portfolio to AIM Variable Insurance Funds (Invesco Variable Insurance Funds), effective April 30, 2020; (iii) remove Invesco Pennsylvania Tax Free Income Fund and Invesco Oppenheimer Rochester Short Duration High Yield Municipal Fund, series portfolios of AIM Counselor Series Trust (Invesco Counselor Series Trust), Invesco Oppenheimer Limited Term Bond Fund, Invesco Oppenheimer Limited-Term Government Fund, Invesco Oppenheimer Ultra-Short Duration Fund and Invesco Oppenheimer Government Cash Reserves Fund, series portfolios of AIM Investment Securities Funds (Invesco Investment Securities Funds), Invesco Oppenheimer Intermediate Term Municipal Fund, a series portfolio of AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds), effective May 15, 2020; and (iiii) change the name of Invesco Oppenheimer Portfolio Series: Active Allocation Fund to Invesco Active Allocation Fund, Invesco Oppenheimer Portfolio Series: Conservative Investor Fund to Invesco Select Risk: Conservative Investor Fund, Invesco Oppenheimer Portfolio Series: Growth Investor Fund to Invesco Select Risk: High Growth Investor Fund and Invesco Oppenheimer Portfolio Series: Moderate Investor Fund to Invesco Select Risk: Moderate Investor Fund, series portfolios of AIM Growth Series (Invesco Growth Series) and Invesco Oppenheimer Rochester Municipals Fund to Invesco Rochester New York Municipals Fund, a series portfolio of AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds), effective May 15, 2020;
NOW THEREFORE, in consideration of the promises and the mutual covenants herein contained, it is agreed between the parties hereto as follows:
| 1. |
The Contract is hereby amended to include the Funds listed on Exhibit A to the Contract as a recipient of the sub-advisory services by revising recital A) at the beginning of the Agreement to read as follows: |
The Advisor has entered into an investment advisory agreement with AIM Counselor Series Trust (Invesco Counselor Series Trust) (“ACST”), AIM Equity Funds (Invesco Equity Funds) (“AEF”), AIM Funds Group (Invesco Funds Group) (“AFG”), AIM Growth Series (Invesco Growth Series) (“AGS”), AIM International Mutual Funds (Invesco International Mutual Funds) (“AIMF”), AIM Investment Funds (Invesco Investment Funds) (“AIF”), AIM Investment Securities Funds (Invesco Investment Securities Funds) (“AIS”), AIM Sector Funds (Invesco Sector Funds) (“ASEF”), AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds) (“XXXX”), AIM Treasurer’s Series Trust (Invesco Treasurer’s Series Trust) (“ATST”), AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (“AVIF”), Invesco Exchange Fund, Invesco Management Trust (“IMT”), Invesco Securities Trust (“IST”) and Short-Term Investments Trust (“STIT”) (collectively, the “Trusts”), open-end management investment companies registered under the Investment Company Act of 1940, as amended (the “1940 Act”), with respect the funds set forth in Exhibit A attached hereto (each a “Fund” and collectively, the “Funds”); and
| 2. |
All other terms and provisions of the Contract not amended shall remain in full force and effect. |
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IN WITNESS WHEREOF, the parties hereto have caused this Contract to be executed by their officers designated as of the day and year first above written.
| INVESCO ADVISERS, INC. | ||
| Advisor | ||
| By: |
/s/ Xxxxxxx X. Xxxxx | |
| Name: |
Xxxxxxx X. Xxxxx | |
| Title: |
Senior Vice President & Secretary | |
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INVESCO CAPITAL MANAGEMENT LLC
Sub-Advisor
| By: |
/s/ Xxxxxx X. Xxxxxx |
| Name: |
Xxxxxx X. Xxxxxx | |
| Title: |
Managing Director –Global Invesco ETFs, Chief Executive Officer & Principal Executive Officer | |
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EXHIBIT A
AIM Counselor Series Trust (Invesco Counselor Series Trust)
Invesco Equally-Weighted S&P 500 Fund
Invesco Floating Rate Fund
Invesco Oppenheimer Capital Appreciation Fund
Invesco Oppenheimer Discovery Fund
Invesco Oppenheimer Master Loan Fund
Invesco Oppenheimer Senior Floating Rate Fund
Invesco Oppenheimer Senior Floating Rate Plus Fund
Invesco Oppenheimer Short Term Municipal Fund
Invesco Short Duration High Yield Municipal Fund
AIM Equity Funds (Invesco Equity Funds)
Invesco Oppenheimer Main Street Fund®
Invesco Oppenheimer Main Street All Cap Fund®
Invesco Oppenheimer Rising Dividends Fund
AIM Funds Group (Invesco Funds Group)
Invesco European Small Company Fund
Invesco Small Cap Equity Fund
AIM Growth Series (Invesco Growth Series)
Invesco Balanced-Risk Retirement Now Fund
Invesco Convertible Securities Fund
Invesco Xxxxxxxxxxx International Diversified Fund
Invesco Oppenheimer Main Street Mid Cap Fund®
Invesco Oppenheimer Main Street Small Cap Fund®
Invesco Oppenheimer Master Event-Linked Bond Fund
Invesco Active Allocation Fund
Invesco Select Risk: Conservative Investor Fund
Invesco Select Risk: High Growth Investor Fund
Invesco Select Risk: Moderate Investor Fund
Invesco Peak Retirement™ 2015 Fund
Invesco Peak Retirement™ 2020 Fund
Invesco Peak Retirement™ 2025 Fund
Invesco Peak Retirement™ 2030 Fund
Invesco Peak Retirement™ 2035 Fund
Invesco Peak Retirement™ 2040 Fund
Invesco Peak Retirement™ 2045 Fund
Invesco Peak Retirement™ 2050 Fund
Invesco Peak Retirement™ 2055 Fund
Invesco Peak Retirement™ 2060 Fund
Invesco Peak Retirement™ 2065 Fund
Invesco Peak Retirement™ Now Fund
Invesco Quality Income Fund
Invesco Small Cap Growth Fund
AIM International Mutual Funds (Invesco International Mutual Funds)
Invesco European Growth Fund
Invesco Global Opportunities Fund
Invesco Global Responsibility Equity Fund
Invesco International Core Equity Fund
Invesco International Growth Fund
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Invesco International Select Equity Fund
Invesco Oppenheimer Global Focus Fund
Invesco Oppenheimer Global Fund
Invesco Oppenheimer Global Opportunities Fund
Invesco Xxxxxxxxxxx International Equity Fund
Invesco Xxxxxxxxxxx International Growth Fund
Invesco Advantage International Fund
Invesco Xxxxxxxxxxx International Small-Mid Company Fund
Invesco Select Opportunities Fund
AIM Investment Funds (Invesco Investment Funds)
Invesco All Cap Market Neutral Fund
Invesco Balanced-Risk Allocation Fund
Invesco Balanced-Risk Commodity Strategy Fund
Invesco Developing Markets Fund
Invesco Emerging Markets Select Equity Fund
Invesco Endeavor Fund
Invesco Global Infrastructure Fund
Invesco Global Market Neutral Fund
Invesco Global Targeted Returns Fund
Invesco Long/Short Equity Fund
Invesco Low Volatility Emerging Markets Fund
Invesco Macro Allocation Strategy Fund
Invesco Multi-Asset Income Fund
Invesco Oppenheimer Developing Markets Fund
Invesco Oppenheimer Discovery Mid Cap Growth Fund
Invesco Oppenheimer Emerging Markets Innovators Fund
Invesco Oppenheimer Emerging Markets Local Debt Fund
Invesco Oppenheimer Fundamental Alternatives Fund
Invesco Xxxxxxxxxxx Global Allocation Fund
Invesco Xxxxxxxxxxx Global Strategic Income Fund
Invesco Xxxxxxxxxxx International Bond Fund
Invesco Xxxxxxxxxxx SteelPath MLP Alpha Fund
Invesco Xxxxxxxxxxx SteelPath MLP Alpha Plus Fund
Invesco Xxxxxxxxxxx SteelPath MLP Income Fund
Invesco Xxxxxxxxxxx SteelPath MLP Select 40 Fund
Invesco Xxxxxxxxxxx Total Return Bond Fund
Invesco U.S. Managed Volatility Fund
AIM Investment Securities Funds (Invesco Investment Securities Fund)
Invesco Global Real Estate Fund
Invesco High Yield Fund
Invesco Intermediate Bond Factor Fund
Invesco High Yield Bond Factor Fund
Invesco Oppenheimer Government Money Market Fund
Invesco Oppenheimer Master Inflation Protected Securities Fund
AIM Sector Funds (Invesco Sector Funds)
Invesco Oppenheimer Gold & Special Minerals Fund
Invesco Xxxxxxxx Select Fund
AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds)
Invesco High Yield Municipal Fund
Invesco Intermediate Term Municipal Income Fund
Invesco Limited Term Municipal Income Fund
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Invesco Municipal Income Fund
Invesco Oppenheimer Municipal Fund
Invesco Oppenheimer Rochester® AMT-Free Municipal Fund
Invesco Oppenheimer Rochester® AMT-Free New York Municipal Fund
Invesco Oppenheimer Rochester® California Municipal Fund
Invesco Rochester® New York Municipals Fund
Invesco Oppenheimer Rochester® High Yield Municipal Fund
Invesco Oppenheimer Rochester® Limited Term California Municipal Fund
Invesco Oppenheimer Rochester® Limited Term New York Municipal Fund
Invesco Oppenheimer Rochester® New Jersey Municipal Fund
Invesco Oppenheimer Rochester® Pennsylvania Municipal Fund
AIM Treasurer’s Series Trust (Invesco Treasurer’s Series Trust)
Invesco Premier Portfolio
Invesco Premier Tax-Exempt Portfolio
AIM Variable Insurance Funds (Invesco Variable Insurance Funds)
Invesco Oppenheimer V.I. Capital Appreciation Fund
Invesco Oppenheimer V.I. Conservative Balanced Fund
Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund
Invesco Oppenheimer V.I. Global Fund
Invesco Oppenheimer V.I. Global Strategic Income Fund
Invesco Oppenheimer V.I. Government Money Fund
Invesco Oppenheimer V.I. International Growth Fund
Invesco Oppenheimer V.I. Main Street Fund®
Invesco Oppenheimer V.I. Main Street Small Cap Fund®
Invesco Oppenheimer V.I. Total Return Bond Fund
Invesco V.I. American Franchise Fund
Invesco V.I. American Value Fund
Invesco V.I. Balanced-Risk Allocation Fund
Invesco V.I. Xxxxxxxx Fund
Invesco V.I. Core Equity Fund
Invesco V.I. Core Plus Bond Fund
Invesco V.I. Diversified Dividend Fund
Invesco V.I. Equally-Weighted S&P 500 Fund
Invesco V.I. Equity and Income Fund
Invesco V.I. Global Core Equity Fund
Invesco V.I. Health Care Fund
Invesco V.I. Global Real Estate Fund
Invesco V.I. Government Money Market Fund
Invesco V.I. Government Securities Fund
Invesco V.I. Growth and Income Fund
Invesco V.I. High Yield Fund
Invesco V.I. International Growth Fund
Invesco V.I. Managed Volatility Fund
Invesco V.I. Mid Cap Core Equity Fund
Invesco V.I. S&P 500 Index Fund
Invesco V.I. Small Cap Equity Fund
Invesco V.I. Technology Fund
Invesco V.I. Value Opportunities Fund
Invesco Exchange Fund
Invesco Management Trust
Invesco Conservative Income Fund
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Invesco Securities Trust
Invesco Balanced-Risk Aggressive Allocation Fund
Short-Term Investments Trust
Invesco Government & Agency Portfolio
Invesco Tax-Free Cash Reserve Portfolio
Invesco Treasury Obligations Portfolio
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