FIFTH AMENDED AND RESTATED MEMORANDUM OF AGREEMENT (Securities Lending Administrative Fee Waiver)
This Fifth Amended and Restated Memorandum of Agreement is entered into as of the dates
indicated on Exhibit “A” between 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 Tax-Exempt Funds, AIM Treasurer’s Series Trust, AIM Variable Insurance
Funds and Short-Term Investments Trust (each a “Fund” and collectively, the “Funds”), on behalf of
the portfolios listed on Exhibit “A” to this Memorandum of Agreement (the “Portfolios”), and
Invesco Advisers, Inc. (“Invesco”), successor by merger to Invesco Aim Advisors, Inc..
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 Funds
and Invesco agree as follows:
| 1. | Each Fund, for itself and its Portfolios, and Invesco agree that until the expiration date, if any, of the commitment set forth on the attached Exhibit “A” occurs, as such Exhibit “A” is amended from time to time, Invesco has agreed that it will not charge any administrative fee under each Portfolio’s advisory agreement in connection with securities lending activities without prior approval from the Portfolio’s Board (such agreement is referred to as the “Waiver”). | ||
| 2. | Neither a Fund nor Invesco may remove or amend the Waiver to a Fund’s detriment prior to requesting and receiving the approval of the Portfolio’s Board to remove or amend the Waiver. Invesco will not have any right to reimbursement of any amount so waived. |
Unless a Fund, by vote of its Board of Trustees terminates the Waiver, or a Fund and Invesco
are unable to reach an agreement on the amount of the Waiver to which the Fund and Invesco desire
to be bound, the Waiver will continue indefinitely with respect to such Fund. Exhibit “A” will be
amended to reflect the new date through which a Fund and Invesco agree to be bound.
It is expressly agreed that the obligations of the Trusts 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 the Funds, 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 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.
Nothing in this Memorandum of Agreement is intended to affect any other memorandum of
agreement executed by any Fund or Invesco with respect to any other fee waivers, expense
reimbursements and/or expense limitations.
IN WITNESS WHEREOF, each Fund, on behalf of itself and its Portfolios listed in Exhibit “A” to
this Memorandum of Agreement, and Invesco have entered into this Memorandum of Agreement as of the
dates indicated on Exhibit “A”.
| 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 TAX-EXEMPT FUNDS AIM TREASURER’S SERIES TRUST AIM VARIABLE INSURANCE FUNDS SHORT-TERM INVESTMENTS TRUST |
||||
| By: | /s/ Xxxx X. Xxxx | |||
| Title:Senior Vice President | ||||
INVESCO ADVISERS, INC. |
||||
| By: | /s/ Xxxx X. Xxxx | |||
| Title:Senior Vice President | ||||
2
EXHIBIT “A”
AIM COUNSELOR SERIES TRUST
| PORTFOLIO | EFFECTIVE DATE | COMMITTED UNTIL* | ||
AIM Core Plus Bond Fund
|
June 2, 2009 | |||
AIM Floating Rate Fund
|
April 14, 2006 | |||
AIM Multi-Sector Fund
|
November 25, 2003 | |||
AIM Select Real Estate Income Fund
|
March 9, 2007 | |||
AIM Structured Core Fund
|
March 31, 2006 | |||
AIM Structured Growth Fund
|
March 31, 2006 | |||
AIM Structured Value Fund
|
March 31, 2006 | |||
Invesco Balanced Fund
|
February 12, 0000 | |||
Xxxxxxx Xxxxxxxxxx Tax-Free Income Fund
|
February 12, 2010 | |||
Invesco Dividend Growth Securities Fund
|
February 12, 2010 | |||
Invesco Equally-Weighted S&P 500 Fund
|
February 12, 2010 | |||
Invesco Fundamental Value Fund
|
February 12, 2010 | |||
Invesco Large Cap Relative Value Fund
|
February 12, 2010 | |||
Invesco New York Tax-Free Income Fund
|
February 12, 2010 | |||
Invesco S&P 500 Index Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx American Franchise Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Core Equity Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Equity and Income Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Equity Premium Income Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Growth and Income Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Money Market Fund
|
February 12, 0000 | |||
Xxxxxxx Xxx Xxxxxx Xxxxxxxxxxxx Tax Free Income Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Small Cap Growth Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Tax-Free Money Fund
|
February 12, 2010 |
AIM EQUITY FUNDS
| PORTFOLIO | EFFECTIVE DATE | COMMITTED UNTIL* | ||
AIM Capital Development Fund
|
June 21, 2000 | |||
AIM Charter Fund
|
June 21, 2000 | |||
AIM Constellation Fund
|
June 21, 2000 | |||
AIM Disciplined Equity Fund
|
July 14, 2009 | |||
AIM Diversified Dividend Fund
|
December 28, 2001 | |||
AIM Large Cap Basic Value Fund
|
June 21, 2000 | |||
AIM Large Cap Growth Fund
|
June 21, 2000 | |||
AIM Summit Fund
|
July 24, 2000 |
AIM FUNDS GROUP
| FUND | EFFECTIVE DATE | COMMITTED UNTIL* | ||
AIM Basic Balanced Fund
|
September 28, 2001 | |||
AIM European Small Company Fund
|
August 30, 2000 | |||
AIM Global Core Equity Fund
|
December 27, 2000 | |||
AIM International Small Company Fund
|
August 30, 2000 | |||
AIM Mid Cap Basic Value Fund
|
December 27, 2001 | |||
AIM Select Equity Fund
|
June 1, 2000 | |||
AIM Small Cap Equity Fund
|
August 30, 2000 |
| * | Committed until the Fund or AIM requests and receives the approval of the Fund’s Board to remove or amend such fee waiver. Such commitments are evergreen until amended and apply to each Portfolio of a Fund. |
A-1
AIM GROWTH SERIES
| FUND | EFFECTIVE DATE | COMMITTED UNTIL* | ||
AIM Basic Value Fund
|
June 5, 2000 | |||
AIM Global Equity Fund
|
September 1, 2001 | |||
AIM Mid Cap Core Equity Fund
|
September 1, 2001 | |||
AIM Small Cap Growth Fund
|
September 11, 2000 | |||
Invesco Convertible Securities Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Asset Allocation Conservative Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Asset Allocation Growth Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Asset Allocation Moderate Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Harbor Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Leaders Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Real Estate Securities Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx U.S. Mortgage Fund
|
February 12, 2010 |
AIM INTERNATIONAL MUTUAL FUNDS
| FUND | EFFECTIVE DATE | COMMITTED UNTIL* | ||
AIM Asia Pacific Growth Fund
|
June 21, 2000 | |||
AIM European Growth Fund
|
June 21, 2000 | |||
AIM Global Growth Fund
|
June 21, 2000 | |||
AIM Global Small & Mid Cap Growth Fund
|
June 21, 2000 | |||
AIM International Growth Fund
|
June 21, 2000 | |||
AIM International Core Equity Fund
|
November 25, 2003 |
AIM INVESTMENT FUNDS
| COMMITTED UNTIL* | ||||
| FUND | EFFECTIVE DATE | UNTIL* | ||
AIM Balanced-Risk Allocation Fund
|
May 29, 2009 | |||
AIM China Fund
|
March 31, 2006 | |||
AIM Developing Markets Fund
|
September 1, 2001 | |||
AIM Global Health Care Fund
|
September 1, 2001 | |||
AIM International Total Return Xxxx
|
Xxxxx 00, 0000 | |||
XXX Xxxxx Fund
|
March 31, 2006 | |||
AIM LIBOR Alpha Fund
|
March 31, 2006 | |||
AIM Trimark Endeavor Fund
|
November 4, 2003 | |||
AIM Trimark Fund
|
November 4, 2003 | |||
AIM Trimark Small Companies Fund
|
November 4, 2003 | |||
Invesco Alternative Opportunities Fund
|
February 12, 2010 | |||
Invesco Commodities Strategy Fund
|
February 12, 2010 | |||
Invesco FX Alpha Plus Strategy Fund
|
February 12, 2010 | |||
Invesco FX Alpha Strategy Fund
|
February 12, 2010 | |||
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 |
| * | Committed until the Fund or AIM requests and receives the approval of the Fund’s Board to remove or amend such fee waiver. Such commitments are evergreen until amended and apply to each Portfolio of a Fund. |
A-2
| COMMITTED UNTIL* | ||||
| FUND | EFFECTIVE DATE | UNTIL* | ||
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 |
AIM INVESTMENT SECURITIES FUNDS
| FUND | EFFECTIVE DATE | COMMITTED UNTIL* | ||
AIM Core Bond Fund
|
December 28, 2001 | |||
AIM Dynamics Fund
|
November 25, 2003 | |||
AIM Global Real Estate Fund
|
April 29, 2005 | |||
AIM High Yield Fund
|
June 1, 2000 | |||
AIM Income Fund
|
June 1, 2000 | |||
AIM Limited Maturity Treasury Fund
|
June 1, 2000 | |||
AIM Money Market Fund
|
June 1, 2000 | |||
AIM Municipal Bond Fund
|
June 1, 2000 | |||
AIM Real Estate Fund
|
September 11, 2000 | |||
AIM Short Term Bond Fund
|
August 29, 2002 | |||
AIM U.S. Government Fund
|
June 1, 2000 | |||
Invesco High Yield Securities Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Core Plus Fixed Income Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Corporate Bond Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Government Securities Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx High Yield Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Limited Duration Fund
|
February 12, 2010 |
AIM SECTOR FUNDS
| COMMITTED UNTIL* | ||||
| FUND | EFFECTIVE DATE | UNTIL* | ||
AIM Energy Fund
|
November 25, 2003 | |||
AIM Financial Services Fund
|
November 25, 2003 | |||
AIM Gold & Precious Metals Fund
|
November 25, 2003 | |||
AIM Leisure Fund
|
November 25, 2003 | |||
AIM Technology Fund
|
November 25, 2003 | |||
AIM Utilities Fund
|
November 25, 2003 | |||
Invesco Mid-Cap Value Fund
|
February 12, 2010 | |||
Invesco Small-Mid Special Value Fund
|
February 12, 2010 | |||
Invesco Special Value Fund
|
February 12, 2010 | |||
Invesco Technology Sector Fund
|
February 12, 2010 | |||
Invesco U.S. Mid Cap Value Fund
|
February 12, 0000 | |||
Xxxxxxx X.X. Small Cap Value Fund
|
February 12, 0000 | |||
Xxxxxxx X.X. Small/Mid Cap Value Fund
|
February 12, 2010 | |||
Invesco Value Fund
|
February 12, 2010 | |||
Invesco Value II Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx American Value Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Capital Growth Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Xxxxxxxx Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Enterprise Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Mid Cap Growth Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Small Cap Value Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Technology Sector Fund
|
February 12, 2010 |
| * | Committed until the Fund or AIM requests and receives the approval of the Fund’s Board to remove or amend such fee waiver. Such commitments are evergreen until amended and apply to each Portfolio of a Fund. |
A-3
| COMMITTED UNTIL* | ||||
| FUND | EFFECTIVE DATE | UNTIL* | ||
Invesco Xxx Xxxxxx Utility Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Value Opportunities Fund
|
February 12, 2010 |
AIM TAX-EXEMPT FUNDS
| FUND | EFFECTIVE DATE | COMMITTED UNTIL* | ||
AIM High Income Municipal Fund
|
June 1, 2000 | |||
AIM Tax-Exempt Cash Fund
|
June 1, 2000 | |||
AIM Tax-Free Intermediate Fund
|
June 1, 2000 | |||
Invesco Municipal Fund
|
February 12, 2010 | |||
Invesco Tax-Exempt Securities Fund
|
February 12, 0000 | |||
Xxxxxxx Xxx Xxxxxx Xxxxxxxxxx Insured Tax Free Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx High Yield Municipal Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Insured Tax Free Income Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Intermediate Term Municipal Income
Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx Municipal Income Fund
|
February 12, 0000 | |||
Xxxxxxx Xxx Xxxxxx Xxx Xxxx Tax Free Income Fund
|
February 12, 2010 |
AIM TREASURER’S SERIES TRUST
| FUND | EFFECTIVE DATE | COMMITTED UNTIL* | ||
Premier Portfolio
|
November 25, 2003 | |||
Premier Tax-Exempt Portfolio
|
November 25, 2003 | |||
Premier U.S. Government Money Portfolio
|
November 25, 2003 |
AIM VARIABLE INSURANCE FUNDS
| FUND | EFFECTIVE DATE | COMMITTED UNTIL* | ||
AIM V.I. Basic Balanced Fund
|
May 1, 2000 | |||
AIM V.I. Basic Value Fund
|
September 10, 2001 | |||
AIM V.I. Capital Appreciation Fund
|
May 1, 2000 | |||
AIM V.I. Capital Development Fund
|
May 1, 2000 | |||
AIM V.I. Core Equity Fund
|
May 1, 2000 | |||
AIM V.I. Diversified Income Fund
|
May 1, 2000 | |||
AIM V.I. Dynamics Fund
|
April 30, 2004 | |||
AIM V.I. Financial Services Fund
|
April 30, 2004 | |||
AIM V.I. Global Health Care Fund
|
April 30, 2004 | |||
AIM V.I. Global Real Estate Fund
|
April 30, 2004 | |||
AIM V.I. Government Securities Fund
|
May 1, 2000 | |||
AIM V.I. High Yield Fund
|
May 1, 2000 | |||
AIM V.I. International Growth Fund
|
May 1, 2000 | |||
AIM V.I. Large Cap Growth Fund
|
September 1, 2003 | |||
AIM X.X. Xxxxxxx Xxxx
|
Xxxxx 00, 0000 | |||
AIM V.I. Mid Cap Core Equity Fund
|
September 10, 2001 | |||
AIM V.I. Money Market Fund
|
May 1, 2000 | |||
AIM V.I. PowerShares ETF Allocation Fund
|
October 22, 2008 | |||
AIM V.I. Small Cap Equity Fund
|
September 1, 2003 | |||
AIM V.I. Technology Fund
|
April 30, 2004 | |||
AIM V.I. Utilities Fund
|
April 30, 2004 |
| * | Committed until the Fund or AIM requests and receives the approval of the Fund’s Board to remove or amend such fee waiver. Such commitments are evergreen until amended and apply to each Portfolio of a Fund. |
A-4
| FUND | EFFECTIVE DATE | COMMITTED UNTIL* | ||
Invesco V.I. Dividend Growth Fund
|
February 9, 2010 | |||
Invesco V.I. Global Dividend Growth Fund
|
February 9, 2010 | |||
Invesco V.I. High Yield Fund
|
February 12, 2010 | |||
Invesco V.I. Income Builder Fund
|
February 12, 2010 | |||
Invesco V.I. S&P 500 Index Fund
|
February 12, 2010 | |||
Invesco V.I. Select Dimensions Balanced Fund
|
February 12, 2010 | |||
Invesco V.I. Select Dimensions Dividend Growth Fund
|
February 12, 2010 | |||
Invesco V.I. Select Dimensions Equally-Weighted
S&P 500 Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx V.I. Capital Growth Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx V.I. Xxxxxxxx Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx V.I. Equity and Income Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx V.I. Global Tactical Asset Allocation
Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx V.I. Global Value Equity Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx V.I. Government Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx V.I. Growth and Income Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx V.I. High Yield Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx V.I. International Growth Equity Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx V.I. Mid Cap Growth Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx V.I. Mid Cap Value Fund
|
February 12, 2010 | |||
Invesco Xxx Xxxxxx X.X. Xxxxx Xxxx
|
Xxxxxxxx 00, 0000 |
XXXXX-XXXX INVESTMENTS TRUST
| FUND | EFFECTIVE DATE | COMMITTED UNTIL* | ||
Government & Agency Portfolio
|
June 1, 2000 | |||
Government TaxAdvantage Portfolio
|
June 1, 2000 | |||
Liquid Assets Portfolio
|
June 1, 2000 | |||
STIC Prime Portfolio
|
June 1, 2000 | |||
Tax-Free Cash Reserve Portfolio
|
June 1, 2000 | |||
Treasury Portfolio
|
June 1, 2000 |
| * | Committed until the Fund or AIM requests and receives the approval of the Fund’s Board to remove or amend such fee waiver. Such commitments are evergreen until amended and apply to each Portfolio of a Fund. |
A-5
