AMENDED AND RESTATED MEMORANDUM OF AGREEMENT This Amended and Restated Memorandum of Agreement is entered into as of this 5th day of May, 2005 and amends and restates the Memorandum of Agreement dated as of the 1st day of January, 2005 between the AIM...
AMENDED AND RESTATED
MEMORANDUM OF AGREEMENT
This Amended and Restated Memorandum of Agreement is entered into as of
this 5th day of May, 2005 and amends and restates the Memorandum of Agreement
dated as of the 1st day of January, 2005 between the AIM Funds ("Trust" or
"Trusts"), on behalf of the funds listed on Exhibit "A" to this Memorandum of
Agreement (the "Funds"), and A I M Advisors, Inc. ("AIM").
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 as follows:
The Trusts and AIM agree until the "Committed Until" date set forth on the
attached Exhibit "A" (the "Expiration Date") that AIM will waive its advisory
fees payable under the current investment advisory agreement as set forth under
the column "Current Advisory Fee Schedule" in Exhibit "A" ("Current Fee
Schedule") to the extent that application of the advisory fees rates set forth
in Exhibit "A" under the column "Proposed Advisory Fee Schedule (Applied When
Proposed Schedule Results in Fees Lower than the Current Fee Schedule)" ("Agreed
Upon Schedule") of the average daily net assets of the Fund results in a lower
advisory fee. The Board 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. All expense limitation commitments are not superseded by this
agreement
The Trust and AIM agree to review the then-current waivers of each Fund
listed on Exhibit "A" 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. Exhibit "A" will be amended to reflect any such agreement.
It is expressly agreed that the obligations of a Trust hereunder shall not
be binding upon any of the Trustees, shareholders, nominees, officers, agents or
employees of the Trust personally, but shall only bind the assets and property
of the Funds, as provided in the Trust's Agreement and Declaration of Trust. The
execution and delivery of this Memorandum of Agreement have been authorized by
the Trustees of each Trust, and this Memorandum of Agreement has been executed
and delivered by an authorized officer of each Trust 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, the Trusts and AIM have entered into this Memorandum of
Agreement as of the date first above written.
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,
on behalf of each Fund listed in Exhibit "A"
to this Memorandum of Agreement
By: /s/ Xxxxxx X. Xxxxxx
----------------------------------------
Title: President
AIM Advisors, Inc.
By: /s/ Xxxx X. Xxxxxxxxxx
----------------------------------------
Title: President
1 of 26
Exhibit to Uniform Advisory Fee MOA
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Advisory Fee Reduction Schedule
AIM Combination Stock (Applied When Schedule Results in Committed
& Bond Funds Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
----------------------------------------------------------------------------------------------------------
AIM Core Stock Fund 0.60% of the first $350M The current advisory fee schedule 6/30/2006
0.55% of the next $350M is lower than the uniform fee
0.50% of the next $1.3B schedule at all asset levels.
0.45% of the next $2B
0.40% of the next $2B
0.375% of the next $2B
0.35% of the excess over $8B
AIM Total Return Fund 0.75% of the first $500M 0.62% of the first $250M 6/30/2006
0.65% of the next $500M 0.605% of the next $250M
0.50% of the next $1B 0.59% of the next $500M
0.45% of the next $2B 0.575% of the next $1.5B
0.40% of the next $2B 0.56% of the next $2.5B
0.375% of the next $2B 0.545% of the next $2.5B
0.35% of the excess over $8B 0.53% of the next $2.5B
0.515% of the excess over $10B
2 of 26
Exhibit to Uniform Advisory Fee MOA
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Advisory Fee Reduction Schedule
AIM Counselor Series (Applied When Schedule Results in Committed
Trust Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
----------------------------------------------------------------------------------------------------------
AIM Multi-Sector Fund 0.75% of average daily net assets 0.695% of the first $250M 12/31/2009
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
3 of 26
Exhibit to Uniform Advisory Fee MOA
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Advisory Fee Reduction Schedule
(Applied When Schedule Results in Committed
AIM Equity Funds Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
----------------------------------------------------------------------------------------------------------
AIM Aggressive 0.80% of the first $150M 0.745% of the first $250M 6/30/2006
Growth Fund 0.625% of the excess over $150M 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 Blue Chip Fund 0.75% of the first $350M 0.695% of the first $250M 12/31/2009
0.625% of the excess over $350M 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 Capital 0.75% of the first $350M 0.745% of the first $250M 6/30/2006
Development Fund 0.625% of the excess over $350M 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 1.00% of the first $30M 0.75% of the first $150M 12/31/2009
0.75% of the next $120M 0.615% of the next $4.85B
0.625% of the excess over $150M 0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
4 of 26
Exhibit to Uniform Advisory Fee MOA
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Advisory Fee Reduction Schedule
AIM Equity Funds (Applied When Schedule Results in Committed
- continued Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
----------------------------------------------------------------------------------------------------------
AIM Constellation 1.00% of the first $30M 0.75% of the first $150M 12/31/2009
Fund 0.75% of the next $120M 0.615% of the next $4.85B
0.625% of the excess over $150M 0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
AIM Dent Demographic 0.77% of the first $2B 0.695% of the first $250M 12/31/2009
Trends Fund 0.72% of the excess over $2B 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 Diversified 0.75% of the first $1B 0.695% of the first $250M 6/30/2006
Dividend Fund 0.70% of the next $1B 0.67% of the next $250M
0.625% of the excess over $2B 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
5 of 26
Exhibit to Uniform Advisory Fee MOA
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Advisory Fee Reduction Schedule
AIM Equity Funds (Applied When Schedule Results in Committed
- continued Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
----------------------------------------------------------------------------------------------------------
AIM Emerging Growth 0.85% of the first $1B 0.745% of the first $250M 12/31/2009
Fund 0.80% of the excess over $1B 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 Large Cap Basic 0.60% of the first $1B The current advisory fee schedule 6/30/2006
Value Fund 0.575% of the next $1B is lower than the uniform fee
0.55% of the excess over $2B schedule at all asset levels.
AIM Large Cap Growth 0.75% of the first $1B 0.695% of the first $250M 12/31/2009
Fund 0.70% of the next $1B 0.67% of the next $250M
0.625% of the excess over $2B 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 Mid Cap Growth 0.80% of the first $1B 0.745% of the first $250M 12/31/2009
Fund 0.75% of the excess over $1B 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
6 of 26
Exhibit to Uniform Advisory Fee MOA
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Advisory Fee Reduction Schedule
AIM Equity Funds - (Applied When Schedule Results in Committed
continued Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
----------------------------------------------------------------------------------------------------------
AIM Select Basic 0.75% of the first $1B 0.695% of the first $250M 6/30/2006
Value Fund 0.70% of the next $1B 0.67% of the next $250M
0.65% of the excess over $2B 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 Xxxxxxxxxx Fund 1.00% of the first $30M 0.695% of the first $250M 12/31/2009
0.75% of the next $320M 0.67% of the next $250M
0.625% of the excess over $350M 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
7 of 26
Exhibit to Uniform Advisory Fee MOA
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Advisory Fee Reduction Schedule
(Applied When Schedule Results in Committed
AIM Equity Funds Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
----------------------------------------------------------------------------------------------------------
AIM Balanced Fund 0.75% of the first $150M 0.62% of the first $250M 6/30/2006
0.50% of the excess over $150M 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 Basic Balanced 0.65% of the first $1B 0.62% of the first $250M 12/31/2009
Fund 0.60% of the next $4B 0.605% of the next $250M
0.55% of the excess over $5B 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 0.95% of average daily net assets 0.935% of the first $250M 6/30/2006
Company Fund 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 0.85% of the first $1B 0.80% of the first $250M 6/30/2006
0.80% of the excess over $1B 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
8 of 26
Exhibit to Uniform Advisory Fee MOA
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Advisory Fee Reduction Schedule
AIM Funds Group - (Applied When Schedule Results in Committed
continued Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
----------------------------------------------------------------------------------------------------------
AIM International 0.95% of average daily net assets 0.935% of the first $250M 12/31/2009
Small Company Fund 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 0.80% of the first $1B 0.745% of the first $250M 12/31/2009
Value Fund 0.75% of the next $4B 0.73% of the next $250M
0.70% of the excess over $5B 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 Premier Equity 0.80% of the first $150M 0.75% of the first $150M 12/31/2009
Fund 0.625% of the excess over $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 Select Equity 0.80% of the first $150M 0.695% of the first $250M 6/30/2006
Fund 0.625% of the excess over $150M 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
9 of 26
Exhibit to Uniform Advisory Fee MOA
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Advisory Fee Reduction Schedule
AIM Funds Group - (Applied When Schedule Results in Committed
continued Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
----------------------------------------------------------------------------------------------------------
AIM Small Cap Equity 0.85% of average daily net assets 0.745% of the first $250M 12/31/2009
Fund 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
10 of 26
Exhibit to Uniform Advisory Fee MOA
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Advisory Fee Reduction Schedule
(Applied When Schedule Results in Committed
AIM Growth Series Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
----------------------------------------------------------------------------------------------------------
AIM Basic Value Fund 0.725% of the first $500M 0.695% of the first $250M 12/31/2009
0.70% of the next $500M 0.67% of the next $250M
0.675% of the next $500M 0.645% of the next $500M
0.65% of the excess over $1.5B 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 0.975% of the first $500M 0.80% of the first $250M 12/31/2009
Fund 0.95% of the next $500M 0.78% of the next $250M
0.925% of the next $500M 0.76% of the next $500M
0.90% of the excess over $1.5B 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 Mid Cap Core 0.725% of the first $500M The current advisory fee schedule 6/30/2006
Equity Fund 0.70% of the next $500M is lower than the uniform fee
0.675% of the next $500M schedule at all asset levels.
0.65% of the excess over $1.5B
AIM Small Cap Growth 0.725% of the first $500M The current advisory fee schedule 6/30/2006
Fund 0.70% of the next $500M is lower than the uniform fee
0.675% of the next $500M schedule at all asset levels.
0.65% of the excess over $1.5B
11 of 26
Exhibit to Uniform Advisory Fee MOA
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Advisory Fee Reduction Schedule
AIM International (Applied When Schedule Results in Committed
Mutual Funds Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
----------------------------------------------------------------------------------------------------------
AIM Asia Pacific 0.95% of the first $500M 0.935% of the first $250M 6/30/2006
Growth Fund 0.90% of the excess over $500M 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 0.95% of the first $500M 0.935% of the first $250M 12/31/2009
Fund 0.90% of the excess over $500M 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 0.90% of the first $1B 0.80% of the first $250M 12/31/2009
Growth Fund 0.85% of the excess over $1B 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 Global Growth 0.85% of the first $1B 0.80% of the first $250M 12/31/2009
Fund 0.80% of the excess over $1B 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
12 of 26
Exhibit to Uniform Advisory Fee MOA
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AIM International Advisory Fee Reduction Schedule
Mutual Funds - (Applied When Schedule Results in Committed
continued Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
----------------------------------------------------------------------------------------------------------
AIM International 0.75% of the first $500M The current advisory fee schedule 6/30/2006
Core Equity Fund 0.65% of the next $500M is lower than the uniform fee
0.55% of the next $1B schedule at all asset levels.
0.45% of the next $2B
0.40% of the next $2B
0.375% of the next $2B
0.35% of the excess over $8B
AIM International 0.95% of the first $1B 0.935% of the first $250M 12/31/2009
Growth Fund 0.90% of the excess over $1B 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
13 of 26
Exhibit to Uniform Advisory Fee MOA
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Advisory Fee Reduction Schedule
(Applied When Schedule Results in Committed
AIM Investment Funds Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
----------------------------------------------------------------------------------------------------------
AIM Developing 0.975% of the first $500M 0.935% of the first $250M 6/30/2006
Markets Fund 0.95% of the next $500M 0.91% of the next $250M
0.925% of the next $500M 0.885% of the next $500M
0.90% of the excess over $1.5B 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 0.975% of the first $500M 0.75% of the first $250M 12/31/2009
Care Fund 0.95% of the next $500M 0.74% of the next $250M
0.925% of the next $500M 0.73% of the next $500M
0.90% of the excess over $1.5B 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 Libra Fund 0.85% of the first $1B 0.745% of the first $250M 6/30/2006
0.80% of the excess over $1B 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 0.80% of the first $1B 0.745% of the first $250M 6/30/2006
Endeavor Fund 0.75% of the excess over $1B 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
14 of 26
Exhibit to Uniform Advisory Fee MOA
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Advisory Fee Reduction Schedule
AIM Investment (Applied When Schedule Results in Committed
Funds - continued Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
----------------------------------------------------------------------------------------------------------
AIM Trimark Fund 0.85% of the first $1B 0.80% of the first $250M 6/30/2006
0.80% of the excess over $1B 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 0.85% of the first $1B 0.745% of the first $250M 6/30/2006
Companies Fund 0.80% of the excess over $1B 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
15 of 26
Exhibit to Uniform Advisory Fee MOA
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Advisory Fee Reduction Schedule
AIM Investment (Applied When Schedule Results in Committed
Securities Funds Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
----------------------------------------------------------------------------------------------------------
AIM Real Estate Fund 0.90% of average daily net assets 0.75% of the first $250M 12/31/2009
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
16 of 26
Exhibit to Uniform Advisory Fee MOA
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Advisory Fee Reduction Schedule
(Applied When Schedule Results in Committed
AIM Sector Funds Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
----------------------------------------------------------------------------------------------------------
AIM Energy Fund 0.75% of the first $350M 0.75% of the first $250M 6/30/2006
0.65% of the next $350M 0.74% of the next $250M
0.55% of the next $1.3B 0.73% of the next $500M
0.45% of the next $2B 0.72% of the next $1.5B
0.40% of the next $2B 0.71% of the next $2.5B
0.375% of the next $2B 0.70% of the next $2.5B
0.35% of the excess over $8B 0.69% of the next $2.5B
0.68% of the excess over $10B
AIM Financial 0.75% of the first $350M 0.75% of the first $250M 6/30/2006
Services Fund 0.65% of the next $350M 0.74% of the next $250M
0.55% of the next $1.3B 0.73% of the next $500M
0.45% of the next $2B 0.72% of the next $1.5B
0.40% of the next $2B 0.71% of the next $2.5B
0.375% of the next $2B 0.70% of the next $2.5B
0.35% of the excess over $8B 0.69% of the next $2.5B
0.68% of the excess over $10B
AIM Gold & Precious 0.75% of the first $350M 0.75% of the first $250M 6/30/2006
Metals Fund 0.65% of the next $350M 0.74% of the next $250M
0.55% of the next $1.3B 0.73% of the next $500M
0.45% of the next $2B 0.72% of the next $1.5B
0.40% of the next $2B 0.71% of the next $2.5B
0.375% of the next $2B 0.70% of the next $2.5B
0.35% of the excess over $8B 0.69% of the next $2.5B
0.68% of the excess over $10B
17 of 26
Exhibit to Uniform Advisory Fee MOA
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Advisory Fee Reduction Schedule
AIM Sector Funds (Applied When Schedule Results in Committed
- continued Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
----------------------------------------------------------------------------------------------------------
AIM Health Sciences 0.75% of the first $350M 0.75% of the first $250M 6/30/2006
Fund 0.65% of the next $350M 0.74% of the next $250M
0.55% of the next $1.3B 0.73% of the next $500M
0.45% of the next $2B 0.72% of the next $1.5B
0.40% of the next $2B 0.71% of the next $2.5B
0.375% of the next $2B 0.70% of the next $2.5B
0.35% of the excess over $8B 0.69% of the next $2.5B
0.68% of the excess over $10B
AIM Leisure Fund 0.75% of the first $350M 0.75% of the first $250M 6/30/2006
0.65% of the next $350M 0.74% of the next $250M
0.55% of the next $1.3B 0.73% of the next $500M
0.45% of the next $2B 0.72% of the next $1.5B
0.40% of the next $2B 0.71% of the next $2.5B
0.375% of the next $2B 0.70% of the next $2.5B
0.35% of the excess over $8B 0.69% of the next $2.5B
0.68% of the excess over $10B
AIM Technology Fund 0.75% of the first $350M 0.75% of the first $250M 6/30/2006
0.65% of the next $350M 0.74% of the next $250M
0.55% of the next $1.3B 0.73% of the next $500M
0.45% of the next $2B 0.72% of the next $1.5B
0.40% of the next $2B 0.71% of the next $2.5B
0.375% of the next $2B 0.70% of the next $2.5B
0.35% of the excess over $8B 0.69% of the next $2.5B
0.68% of the excess over $10B
18 of 26
Exhibit to Uniform Advisory Fee MOA
---------------------------------------------------------------------------------------------------------
Advisory Fee Reduction Schedule
AIM Sector Funds (Applied When Schedule Results in Committed
- continued Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
---------------------------------------------------------------------------------------------------------
AIM Utilities Fund 0.75% of the first $350M 0.75% of the first $250M 6/30/2006
0.65% of the next $350M 0.74% of the next $250M
0.55% of the next $1.3B 0.73% of the next $500M
0.45% of the next $2B 0.72% of the next $1.5B
0.40% of the next $2B 0.71% of the next $2.5B
0.375% of the next $2B 0.70% of the next $2.5B
0.35% of the excess over $8B 0.69% of the next $2.5B
0.68% of the excess over $10B
19 of 26
Exhibit to Uniform Advisory Fee MOA
---------------------------------------------------------------------------------------------------------
Advisory Fee Reduction Schedule
(Applied When Schedule Results in Committed
AIM Stock Funds Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
---------------------------------------------------------------------------------------------------------
AIM Dynamics Fund 0.60% of the first $350M The current advisory fee schedule 6/30/2006
0.55% of the next $350M is lower than the uniform fee
0.50% of the next $1.3B schedule at all asset levels.
0.45% of the next $2B
0.40% of the next $2B
0.375% of the next $2B
0.35% of the excess over $8B
AIM Mid Cap Stock 1.00% of average daily net assets 0.745% of the first $250M 6/30/2006
Fund 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 S&P 500 Index 0.25% of average daily net assets 0.25% of the first $250M 6/30/2006
Fund 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
AIM Small Company 0.75% of the first $350M 0.745% of the first $250M 6/30/2006
Growth Fund 0.65% of the next $350M 0.73% of the next $250M
0.55% of the next $1.3B 0.715% of the next $500M
0.45% of the next $2B 0.70% of the next $1.5B
0.40% of the next $2B 0.685% of the next $2.5B
0.375% of the next $2B 0.67% of the next $2.5B
0.35% of the excess over $8B 0.655% of the next $2.5B
0.64% of the excess over $10B
20 of 26
Exhibit to Uniform Advisory Fee MOA
---------------------------------------------------------------------------------------------------------
Advisory Fee Reduction Schedule
(Applied When Schedule Results in Committed
AIM Summit Fund Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
---------------------------------------------------------------------------------------------------------
AIM Summit Fund 1.00% of the first $10M 0.695% of the first $250M 6/30/2006
0.75% of the next $140M 0.67% of the next $250M
0.625% of the excess over $150M 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
21 of 26
Exhibit to Uniform Advisory Fee MOA
----------------------------------------------------------------------------------------------------------
Advisory Fee Reduction Schedule
AIM Variable (Applied When Schedule Results in Committed
Insurance Funds Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
----------------------------------------------------------------------------------------------------------
AIM V. I. Aggressive 0.80% of the first $150M 0.75% of the first $150M 12/31/2009
Growth Fund 0.625% of the excess over $150M 0.625% of the next $4.85B
0.60% of the next $5B
0.575% of the excess over $10B
AIM V. I. Balanced 0.75% of the first $150M 0.62% of the first $150M 12/31/2009
Fund 0.50% of the excess over $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 0.725% of the first $500M 0.695% of the first $250M 12/31/2009
Fund 0.70% of the next $500M 0.67% of the next $250M
0.675% of the next $500M 0.645% of the next $500M
0.65% of the excess over $1.5B 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. Blue Chip 0.75% of the first $350M 0.695% of the first $250M 12/31/2009
Fund 0.625% of the excess over $350M 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
22 of 26
Exhibit to Uniform Advisory Fee MOA
----------------------------------------------------------------------------------------------------------
AIM Variable Advisory Fee Reduction Schedule
Insurance Funds - (Applied When Schedule Results in Committed
continued Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
----------------------------------------------------------------------------------------------------------
AIM V. I. Capital 0.65% of the first $250M 0.695% of the first $250M 6/30/2006
Appreciation Fund 0.60% of the excess over $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 0.75% of the first $350M 0.745% of the first $250M 6/30/2006
Development Fund 0.625% of the excess over $350M 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. Core Equity 0.65% of the first $250M 0.695% of the first $250M 6/30/2006
Fund 0.60% of the excess over $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. Core Stock 0.75% of average daily net assets 0.695% of the first $250M 12/31/2009
Fund 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
23 of 26
Exhibit to Uniform Advisory Fee MOA
----------------------------------------------------------------------------------------------------------
AIM Variable Advisory Fee Reduction Schedule
Insurance Funds - (Applied When Schedule Results in Committed
continued Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
----------------------------------------------------------------------------------------------------------
AIM V. I. Dent 0.77% of the first $2B 0.695% of the first $250M 12/31/2009
Demographic Trends 0.72% of the excess over $2B 0.67% of the next $250M
Fund 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 0.75% of average daily net assets 0.745% of the first $250M 6/30/2006
Fund 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 0.75% of average daily net assets 0.75% of the first $250M 6/30/2006
Services Fund 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. Growth Fund 0.65% of the first $250M 0.695% of the first $250M 6/30/2006
0.60% of the excess over $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
24 of 26
Exhibit to Uniform Advisory Fee MOA
---------------------------------------------------------------------------------------------------------
AIM Variable Advisory Fee Reduction Schedule
Insurance Funds - (Applied When Schedule Results in Committed
continued Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
---------------------------------------------------------------------------------------------------------
AIM V. I. Health 0.75% of average daily net assets 0.75% of the first $250M 6/30/2006
Sciences Fund 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. 0.75% of the first $250M The current advisory fee schedule 6/30/2006
International 0.70% of the excess over $250M is lower than the uniform fee
Growth Fund schedule at all asset levels.
AIM V. I. Large Cap 0.75% of the first $1B 0.695% of the first $250M 6/30/2006
Growth Fund 0.70% of the next $1B 0.67% of the next $250M
0.625% of the excess over $2B 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 0.75% of average daily net assets 0.75% of the first $250M 6/30/2006
Fund 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
25 of 26
Exhibit to Uniform Advisory Fee MOA
---------------------------------------------------------------------------------------------------------
AIM Variable Advisory Fee Reduction Schedule
Insurance Funds - (Applied When Schedule Results in Committed
continued Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
---------------------------------------------------------------------------------------------------------
AIM V. I. Mid Cap 0.725% of the first $500M The current advisory fee schedule 6/30/2006
Core Equity Fund 0.70% of the next $500M is lower than the uniform fee
0.675% of the next $500M schedule at all asset levels.
0.65% of the excess over $1.5B
AIM V. I. Premier 0.65% of the first $250M 0.695% of the first $250M 6/30/2006
Equity Fund 0.60% of the excess over $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. Real Estate 0.90% of average daily net assets 0.75% of the first $250M 6/30/2006
Fund 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 0.85% of average daily net assets 0.745% of the first $250M 6/30/2006
Equity Fund 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
26 of 26
Exhibit to Uniform Advisory Fee MOA
---------------------------------------------------------------------------------------------------------
AIM Variable Advisory Fee Reduction Schedule
Insurance Funds - (Applied When Schedule Results in Committed
continued Current Advisory Fee Schedule Fees Lower than the Current Fee) Until
---------------------------------------------------------------------------------------------------------
AIM V. I. Small 0.75% of average daily net assets 0.745% of the first $250M 6/30/2006
Company Growth Fund 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. Technology 0.75% of average daily net assets 0.75% of the first $250M 6/30/2006
Fund 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. Total 0.75% of average daily net assets 0.62% of the first $250M 6/30/2006
Return Fund 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 V. I. Utilities 0.60% of average daily net assets The current advisory fee schedule 6/30/2006
Fund is lower than the uniform fee
schedule at all asset levels.
