MEMORANDUM OF AGREEMENT (12b-1 Fee Waivers/Limits)
MEMORANDUM OF AGREEMENT
(12b-1 Fee Waivers/Limits)
(12b-1 Fee Waivers/Limits)
This Memorandum of Agreement is entered into as of the effective date listed on
Exhibit “A” of this agreement, between AIM Counselor Series Trust (Invesco Counselor
Series Trust), AIM Funds Group (Invesco Funds Group), AIM Investment Securities Funds
(Invesco Investment Securities Funds), AIM Sector Funds (Invesco Sector Funds) and
Short-Term Investments Trust (each a “Trust” and, collectively, the “Trusts”), on behalf
of the funds or portfolios, as applicable, listed on Exhibit “A” to this Memorandum of
Agreement (the “Funds”), and Invesco Distributors, Inc. (“Distributor”). Distributor
shall and hereby agrees to waive or limit fees of each Fund, on behalf of its respective
classes as applicable, severally and not jointly, as indicated in the attached Exhibit
“A”.
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 Distributor agree as follows:
For the Contractual Waivers/Limits (listed in the attached Exhibit), Distributor
agrees until at least the date set forth on the attached Exhibit “A” (the “Expiration
Date”) that Distributor will waive or limit Rule 12b-1 distribution plan fees as set
forth on Exhibit “A”. Each Trust’s Board of Trustees and Distributor may terminate or
modify this Memorandum of Agreement prior to the Expiration Date only by mutual written
consent. Distributor will not have any right to reimbursement of any amount so waived
or limited.
For the Contractual Waivers/Limits, Distributor agrees to review the then-current
waivers/limits for each class of each Fund listed on Exhibit “A” on a date prior to the
Expiration Date to determine whether such waivers/limits should be amended, continued or
terminated. The waivers/limits will expire upon the Expiration Date unless the Trusts
and Distributor have agreed to continue them. Exhibit “A” will be amended to reflect
any such agreement.
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.
IN WITNESS WHEREOF, the Trusts and Distributor have entered into this Memorandum of
Agreement as of the date first above written.
| AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST) AIM FUNDS GROUP (INVESCO FUNDS GROUP) AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS) AIM SECTOR FUNDS (INVESCO SECTOR FUNDS) SHORT-TERM INVESTMENTS TRUST on behalf of the Funds listed in Exhibit “A” to this Memorandum of Agreement |
||||||
| By: | /s/ Xxxx X. Xxxx | |||||
Title: |
Senior Vice President |
|||||
| INVESCO DISTRIBUTORS, INC. | ||||||
| By: | /s/ Xxxx X. Xxxx | |||||
Title: |
Senior Vice President |
|||||
2
EXHIBIT “A”
AIM Counselor Series Trust (Invesco Counselor Series Trust)
| CONTRACTUAL/ | EFFECTIVE | EXPIRATION | ||||||||
| FUND | VOLUNTARY | LIMIT/WAIVER | DATE | DATE | ||||||
Invesco American
Franchise Fund Class B Shares |
Contractual | 0.42% limit | May 23, 2011 | June 30, 2013 | ||||||
AIM Funds Group (Invesco Funds Group)
| CONTRACTUAL/ | EFFECTIVE | |||||||||
| FUND | VOLUNTARY | LIMIT/WAIVER | DATE | EXPIRATION DATE | ||||||
Invesco Global
Core Equity Fund Class B Shares |
Contractual | 0.52% limit | May 23, 2011 | June 30, 2013 | ||||||
AIM Investment Securities Funds (Invesco Investment Securities Funds)
| CONTRACTUAL/ | EFFECTIVE | EXPIRATION | ||||||||
| FUND | VOLUNTARY | LIMIT/WAIVER | DATE | DATE | ||||||
Invesco Short
Term Bond Fund Class C Shares |
Contractual | 0.50% limit | February 1, 2006 | June 30, 2013 | ||||||
AIM Sector Funds (Invesco Sector Funds)
| CONTRACTUAL/ | EFFECTIVE | |||||||||
| FUND | VOLUNTARY | LIMIT/WAIVER | DATE | EXPIRATION DATE | ||||||
Invesco Xxxxxxxx
Fund Class B Shares |
Contractual | 0.25% limit | December 31, 2011 | December 31, 2012 | ||||||
Short-Term Investments Trust
| CONTRACTUAL/ | EFFECTIVE | |||||||||
| FUND | VOLUNTARY | LIMIT/WAIVER | DATE | EXPIRATION DATE | ||||||
Government & Agency Portfolio Cash Management Class |
Contractual | 0.02% waiver | June 30, 2005 | December 31, 2013 | ||||||
Personal Investment Class |
Contractual | 0.20% waiver | June 30, 2005 | December 31, 2013 | ||||||
Private Investment Class |
Contractual | 0.20% waiver | June 30, 2005 | December 31, 2013 | ||||||
Reserve Class |
Contractual | 0.13% waiver | June 30, 2005 | December 31, 2013 | ||||||
Resource Class |
Contractual | 0.04% waiver | June 30, 2005 | December 31, 2013 | ||||||
Government TaxAdvantage
Portfolio Cash Management Class |
Contractual | 0.02% waiver | June 30, 2005 | December 31, 2013 | ||||||
Personal Investment Class |
Contractual | 0.20% waiver | June 30, 2005 | December 31, 2013 | ||||||
Private Investment Class |
Contractual | 0.25% waiver | June 30, 2005 | December 31, 2013 | ||||||
Reserve Class |
Contractual | 0.13% waiver | June 30, 2005 | December 31, 2013 | ||||||
Resource Class |
Contractual | 0.04% waiver | June 30, 2005 | December 31, 2013 | ||||||
Liquid Assets Portfolio Cash Management Class |
Contractual | 0.02% waiver | June 30, 2005 | December 31, 2013 | ||||||
Personal Investment Class |
Contractual | 0.20% waiver | June 30, 2005 | December 31, 2013 | ||||||
Private Investment Class |
Contractual | 0.20% waiver | June 30, 2005 | December 31, 2013 | ||||||
Reserve Class |
Contractual | 0.13% waiver | June 30, 2005 | December 31, 2013 | ||||||
3
| CONTRACTUAL/ | EFFECTIVE | |||||||||
| FUND | VOLUNTARY | LIMIT/WAIVER | DATE | EXPIRATION DATE | ||||||
STIC Prime Portfolio Cash Management Class |
Contractual | 0.02% waiver | June 30, 2005 | December 31, 2013 | ||||||
Personal Investment Class |
Contractual | 0.20% waiver | June 30, 2005 | December 31, 2013 | ||||||
Private Investment Class |
Contractual | 0.20% waiver | June 30, 2005 | December 31, 2013 | ||||||
Reserve Class |
Contractual | 0.13% waiver | June 30, 2005 | December 31, 2013 | ||||||
Resource Class |
Contractual | 0.04% waiver | June 30, 2005 | December 31, 2013 | ||||||
Tax-Free Cash Reserve Portfolio Cash Management Class |
Contractual | 0.02% waiver | April 30, 20081 | December 31, 2013 | ||||||
Personal Investment Class |
Contractual | 0.20% waiver | April 30, 20081 | December 31, 2013 | ||||||
Private Investment Class |
Contractual | 0.25% waiver | April 30, 20081 | December 31, 2013 | ||||||
Reserve Class |
Contractual | 0.13% waiver | April 30, 20081 | December 31, 2013 | ||||||
Resource Class |
Contractual | 0.04% waiver | April 30, 20081 | December 31, 2013 | ||||||
Treasury Portfolio Cash Management Class |
Contractual | 0.02% waiver | June 30, 2005 | December 31, 2013 | ||||||
Personal Investment Class |
Contractual | 0.20% waiver | June 30, 2005 | December 31, 2013 | ||||||
Private Investment Class |
Contractual | 0.20% waiver | June 30, 2005 | December 31, 2013 | ||||||
Reserve Class |
Contractual | 0.13% waiver | June 30, 2005 | December 31, 2013 | ||||||
Resource Class |
Contractual | 0.04% waiver | June 30, 2005 | December 31, 2013 | ||||||
| 1 | Effective April 30, 2008, Tax-Free Cash Reserve Portfolio was reorganized as a portfolio of Tax-Free Investments Trust (“TFIT”) to Short-Term Investments Trust following shareholder approval at a meeting held on February 29, 2008. As a portfolio of TFIT, this limitation has been in effect since June 30, 2005. |
4
