AMENDMENT NO. 21 TO MASTER INVESTMENT ADVISORY AGREEMENT

AMENDMENT NO. 21

TO

MASTER INVESTMENT ADVISORY AGREEMENT

This Amendment dated as of February 28, 2020, amends the Master Investment Advisory Agreement (the “Agreement”), dated June 1, 2000, between AIM Investment Securities Funds (Invesco Investment Securities Funds), a Delaware statutory trust, and Invesco Advisers, Inc., a Delaware corporation.

W I T N E S S E T H:

WHEREAS, the parties desire to amend the Agreement to (i) reduce the contractual advisory fee schedules of Invesco Xxxxxxxxxxx Global High Yield Fund and Invesco Xxxxxxxxxxx Intermediate Income Fund and to (ii) change the name of Invesco Xxxxxxxxxxx Global High Yield Fund to Invesco High Yield Bond Factor Fund and Invesco Xxxxxxxxxxx Intermediate Income Fund to Invesco Intermediate Bond Factor Fund;

NOW, THEREFORE, the parties agree that:

1. Appendix A and Appendix B to the Agreement are hereby deleted in their entirety and replaced with the following:

“APPENDIX A

FUNDS AND EFFECTIVE DATES

Name of Fund		Effective Date of Advisory Agreement
Invesco Corporate Bond Fund		February 12, 2010
Invesco Global Real Estate Fund		April 29, 2005
Invesco High Yield Fund		June 1, 2000
Invesco Income Fund		June 1, 2000
Invesco Government Money Market Fund		June 1, 2000
Invesco High Yield Bond Factor Fund		May 24, 2019
Invesco Xxxxxxxxxxx Government Cash Reserves Fund		May 24, 2019
Invesco Xxxxxxxxxxx Government Money Market Fund		May 24, 2019
Invesco Intermediate Bond Factor Fund		May 24, 2019
Invesco Xxxxxxxxxxx Limited-Term Bond Fund		May 24, 2019
Invesco Xxxxxxxxxxx Limited-Term Government Fund		May 24, 2019
Invesco Xxxxxxxxxxx Master Inflation Protected Securities Fund		May 24, 2019
Invesco Xxxxxxxxxxx Ultra-Short Duration Fund		May 24, 2019

Invesco Real Estate Fund		October 29, 2003
Invesco Short Duration Inflation Protected Fund		June 1, 2000
Invesco Short Term Bond Fund		August 29, 2002

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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 Corporate Bond Fund

Net Assets		Annual Rate
First $500 million			0.42	%
Next $750 million			0.35	%
Over $1.25 billion			0.22	%

Invesco Global Real Estate Fund

Invesco Real Estate Fund

Net Assets		Annual Rate
First $250 million			0.75	%
Next $250 million			0.74	%
Next $500 million			0.73	%
Next $1.5 billion			0.72	%
Next $2.5 billion			0.71	%
Next $2.5 billion			0.70	%
Next $2.5 billion			0.69	%
Over $10 billion			0.68	%

Invesco High Yield Fund

Net Assets		Annual Rate
First $200 million			0.625	%
Next $300 million			0.55	%
Next $500 million			0.50	%
Over $1 billion			0.45	%

Invesco Income Fund

Net Assets		Annual Rate
First $200 million			0.50	%
Next $300 million			0.40	%
Next $500 million			0.35	%
Next $19.5 billion			0.30	%
Over $20.5 billion			0.24	%

Invesco Short Duration Inflation Protected Fund

Net Assets		Annual Rate
First $500 million			0.20	%
Over $500 million			0.175	%

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Invesco Government Money Market Fund

Net Assets		Annual Rate
All Assets			0.15	%

Invesco Intermediate Bond Factor Fund

Net Assets		Annual Rate
First $2 billion			0.25	%
Over $2 billion			0.23	%

Invesco High Yield Bond Factor Fund

Net Assets		Annual Rate
First $2 billion			0.37	%
Over $2 billion			0.35	%

Invesco Xxxxxxxxxxx Government Cash Reserves Fund^*

Net Assets		Annual Rate
First $250 million			0.50	%
Next $250 million			0.475	%
Next $250 million			0.45	%
Next $250 million			0.425	%
Over $1 billion			0.40	%

Invesco Xxxxxxxxxxx Government Money Market Fund*

Net Assets		Annual Rate
First $500 million			0.45	%
Next $500 million			0.425	%
Next $500 million			0.40	%
Next $1.5 billion			0.375	%
Over $3 billion			0.35	%

Invesco Xxxxxxxxxxx Limited-Term Bond Fund*

Net Assets		Annual Rate
First $500 million			0.38	%
Next $500 million			0.35	%
Next $4 billion			0.32	%
Over $5 billion			0.30	%

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Invesco Xxxxxxxxxxx Limited-Term Government Fund^*

Net Assets		Annual Rate
First $100 million			0.50	%
Next $150 million			0.45	%
Next $250 million			0.43	%
Next $4.5 billion			0.40	%
Over $5 billion			0.38	%

Invesco Xxxxxxxxxxx Master Inflation Protected Securities Fund*

Net Assets		Annual Rate
First $1 billion			0.40	%
Over $1 billion			0.35	%

Invesco Xxxxxxxxxxx Ultra-Short Duration Fund*

Net Assets		Annual Rate
All Assets			0.30	%

Invesco Short Term Bond Fund

Net Assets		Annual Rate
First $500 million			0.350	%
Next $500 million			0.325	%
Next $1.5 billion			0.300	%
Next $2.5 billion			0.290	%
Over $5 billion			0.280	%”

2. In all other respects, the Agreement is hereby confirmed and remains in full force and effect.

^*  The advisory fee payable by the Fund shall be reduced by any amounts paid by such Fund under the Administrative Services Agreement between such Fund and Invesco Advisers, Inc.

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IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective officers on the date first written above.

						AIM INVESTMENT SECURITIES FUNDS   (INVESCO INVESTMENT SECURITIES FUNDS)
Attest:		/s/ Xxxxxxxxx Xxxxxx				By:		/s/ Xxxxxxx X. Xxxxx
		Assistant Secretary						Xxxxxxx X. Xxxxx
								Secretary, Senior Vice President and Chief Legal Officer
								INVESCO ADVISERS, INC.
Attest:		/s/ Xxxxxxxxx Xxxxxx				By:		/s/ Xxxxxxx X. Xxxxx
		Assistant Secretary						Xxxxxxx X. Xxxxx
								Senior Vice President & Secretary

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