SUB-ITEM 77Q1(e)
MEMORANDUM OF AGREEMENT
(EXPENSE LIMITATIONS)
This Memorandum of Agreement is entered into as of the Effective Date on
the attached exhibits (the "Exhibits"), between AIM Counselor Series Trust
(Invesco Counselor Series Trust), AIM Equity Funds (Invesco Equity Funds), AIM
Funds Group (Invesco Funds Group), AIM Growth Series (Invesco Growth Series),
AIM International Mutual Funds (Invesco International Mutual Funds), AIM
Investment Funds (Invesco Investment Funds), AIM Investment Securities Funds
(Invesco Investment Securities Funds), AIM Sector Funds (Invesco Sector Funds),
AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds), AIM Variable Insurance Funds
(Invesco Variable Insurance Funds), Invesco California Insured Municipal Income
Trust, Invesco California Quality Municipal Securities, Invesco High Yield
Investments Funds, Inc., Invesco Insured California Municipal Securities,
Invesco Insured Municipal Bond Trust, Invesco Insured Municipal Income Trust,
Invesco Insured Municipal Securities, Invesco Insured Municipal Trust, Invesco
Municipal Income Opportunities Trust, Invesco Municipal Income Opportunities
Trust II, Invesco Municipal Income Opportunities Trust III, Invesco Municipal
Premium Income Trust, Invesco New York Quality Municipal Securities, Invesco
Prime Income Trust, Invesco Quality Municipal Income Trust, Invesco Quality
Municipal Investment Trust, Invesco Quality Municipal Securities and Short-Term
Investments Trust (each a "Trust" or, collectively, the "Trusts"), on behalf of
the funds listed on the Exhibits to this Memorandum of Agreement (the "Funds"),
and Invesco Advisers, Inc. ("Invesco"). Invesco shall and hereby agrees to waive
fees or reimburse expenses of each Fund, on behalf of its respective classes as
applicable, severally and not jointly, as indicated in the attached Exhibits.
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 Invesco agree as follows:
For the Contractual Limits (listed in Exhibits A - D), the Trusts and
Invesco agree until at least the expiration date set forth on the attached
Exhibits A - D (the "Expiration Date") that Invesco will waive its fees or
reimburse expenses to the extent that expenses of a class of a Fund (excluding
(i) interest; (ii) taxes; (iii) dividend expense on short sales; (iv)
extraordinary or non-routine items; (v) expenses related to a merger or
reorganization, as approved by the Funds' Boards of Trustees; (vi) expenses of
the underlying funds that are paid indirectly as a result of share ownership of
the underlying funds; and (vii) expenses that each Fund has incurred but did not
actually pay because of an expense offset arrangement, if applicable) exceed the
rate, on an annualized basis, set forth on the Exhibits of the average daily net
assets allocable to such class. Notwithstanding the foregoing, for Funds
indicated on Exhibits A - D with an asterisk, Invesco will waive its fees or
reimburse expenses to the extent that total annual fund operating expenses after
fee waiver and/or expense reimbursement of a class of a Fund (excluding (i)
interest; (ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary
or non-routine items; (v) expenses that each Fund has incurred but did not
actually pay because of an expense offset arrangement, if applicable) exceed the
rate, on an annualized basis, set forth on the Exhibits of the average daily net
assets allocable to such class. Acquired fund fees and expenses are not fees or
expenses incurred by a fund directly but are expenses of the investment
companies in which a fund invests. These fees and expenses are incurred
indirectly through the valuation of a fund's investment in these investment
companies. Acquired fund fees and expenses are required to be disclosed and
included in the total annual fund operating expenses in the prospectus fee
table. As a result, the net total annual fund operating expenses shown in the
prospectus fee table may exceed the expense limits reflected in Exhibits A-D.
With regard to the Contractual Limits, the Board of Trustees of the Trust and
Invesco may terminate or modify this Memorandum of Agreement prior to the
Expiration Date only by mutual written consent. Invesco will not have any right
to reimbursement of any amount so waived or reimbursed.
For the Contractual Limits, each of the Trusts and Invesco agree to review
the then-current expense limitations for each class of each Fund listed on the
Exhibits on a date prior to the Expiration Date to determine whether such
limitations should be amended, continued or terminated. The expense limitations
will expire upon the Expiration Date unless the Trusts and Invesco have agreed
to continue them. The Exhibits will be amended to reflect any such agreement.
For the Voluntary Limits (listed in Exhibits A - D), the Trusts and Invesco
agree that these are not contractual in nature and that Invesco may establish,
amend and/or terminate such expense limitations at
any time in its sole discretion after consultation with the Funds' Boards of
Trustees. Any delay or failure by Invesco to update this Memorandum of Agreement
with regards to the terminations, extensions, or expirations of the Voluntary
Limits shall have no effect on the term of such Voluntary Limitations; the
Voluntary Limitations are listed herein for informational purposes only.
It is expressly agreed that the obligations of each Trust 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 each Fund, 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 the Trusts, and this Memorandum of Agreement has
been executed and delivered by an authorized officer of the Trusts 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, each of the Trusts and Invesco have entered into this
Memorandum of Agreement as of the Effective Dates on the attached Exhibits.
AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
AIM FUNDS GROUP (INVESCO FUNDS GROUP)
AIM GROWTH SERIES (INVESCO GROWTH SERIES)
AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)
AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
INVESCO CALIFORNIA QUALITY MUNICIPAL SECURITIES
INVESCO HIGH YIELD INVESTMENT FUNDS, INC.
INVESCO INSURED CALIFORNIA MUNICIPAL SECURITIES
INVESCO INSURED MUNICIPAL BOND TRUST
INVESCO INSURED MUNICIPAL INCOME TRUST
INVESCO INSURED MUNICIPAL SECURITIES
INVESCO INSURED MUNICIPAL TRUST
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST II
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST III
INVESCO MUNICIPAL PREMIUM INCOME TRUST
INVESCO NEW YORK QUALITY MUNICIPAL SECURITIES
INVESCO PRIME INCOME TRUST
INVESCO QUALITY MUNICIPAL INCOME TRUST
INVESCO QUALITY MUNICIPAL INVESTMENT TRUST
INVESCO QUALITY MUNICIPAL SECURITIES
SHORT-TERM INVESTMENTS TRUST
on behalf of the Funds listed in the Exhibits
to this Memorandum of Agreement
By: /s/ Xxxx X. Xxxx
----------------------------
Title: Senior Vice President
INVESCO ADVISERS, INC.
By: /s/ Xxxx X. Xxxx
------------------------------
Title: Senior Vice President
2
as of June 6, 2011
EXHIBIT "A" - RETAIL FUNDS(1)
AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
--------------------------------------- ------------ ----------- -------------------- ------------------
Invesco California Tax-Free Income Fund*
Class A Shares
Class B Shares Contractual 0.85% February 12, 2010 June 30, 2012
Class C Shares Contractual 1.35% February 12, 2010 June 30, 2012
Class Y Shares Contractual 1.35% February 12, 2010 June 30, 2012
Contractual 0.60% February 12, 2010 June 30, 2012
Invesco Core Plus Bond Fund
Class A Shares Contractual 0.75% June 6, 2011 June 30, 2013
Class B Shares Contractual 1.50% June 6, 2011 June 30, 2013
Class C Shares Contractual 1.50% June 6, 2011 June 30, 2013
Class R Shares Contractual 1.00% June 6, 2011 June 30, 2013
Class Y Shares Contractual 0.50% June 6, 2011 June 30, 2013
Institutional Class Shares Contractual 0.50% June 6, 2011 June 30, 2013
Invesco Dividend Growth Securities Fund*
Class A Shares Contractual 0.95% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.70% February 12, 2010 June 30, 2012
Class C Shares Contractual 1.70% February 12, 2010 June 30, 2012
Class Y Shares Contractual 0.70% February 12, 2010 June 30, 2012
Invesco Equally-Weighted S&P 500 Fund*
Class A Shares Contractual 0.75% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.50% February 12, 2010 June 30, 2012
Class C Shares Contractual 1.50% February 12, 2010 June 30, 2012
Class R Shares Contractual 1.00% February 12, 2010 June 30, 2012
Class Y Shares Contractual 0.50% February 12, 2010 June 30, 2012
Invesco Floating Rate Fund
Class A Shares Contractual 1.50% April 14, 2006 December 31, 2011
Class C Shares Contractual 2.00% April 14, 2006 December 31, 2011
Class R Shares Contractual 1.75% April 14, 2006 December 31, 2011
Class Y Shares Contractual 1.25% October 3, 2008 December 31, 2011
Institutional Class Shares Contractual 1.25% April 14, 2006 December 31, 2011
Invesco S&P 500 Index Fund*
Class A Shares Contractual 0.65% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.40% February 12, 2010 June 30, 2012
Class C Shares Contractual 1.40% February 12, 2010 June 30, 2012
Class Y Shares Contractual 0.40% February 12, 2010 June 30, 2012
Invesco Select Real Estate Income Fund
Class A Shares Contractual 2.00% July 1, 2009 December 31, 2011
Class B Shares Contractual 2.75% July 1, 2009 December 31, 2011
Class C Shares Contractual 2.75% July 1, 2009 December 31, 2011
Class Y Shares Contractual 1.75% July 1, 2009 December 31, 2011
Institutional Class Shares Contractual 1.75% July 1, 2009 December 31, 2011
Invesco Structured Core Fund
Class A Shares Contractual 1.00% July 1, 2009 June 30, 2012
Class B Shares Contractual 1.75% July 1, 2009 June 30, 2012
Class C Shares Contractual 1.75% July 1, 2009 June 30, 2012
Class R Shares Contractual 1.25% July 1, 2009 June 30, 2012
Class Y Shares Contractual 0.75% July 1, 2009 June 30, 2012
Investor Class Shares Contractual 1.00% July 1, 2009 June 30, 2012
Institutional Class Shares Contractual 0.75% July 1, 2009 June 30, 2012
See page 14 for footnotes to Exhibit A.
3
as of June 6, 2011
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------------------------ ----------- ----------- ------------------ --------------
Invesco Xxx Xxxxxx American Franchise Fund(*)
Class A Shares Contractual 1.05% May 23, 2011 June 30, 2013
Class B Shares Contractual 1.22%(9) May 23, 2011 June 30, 2013
Class C Shares Contractual 1.80% May 23, 2011 June 30, 2013
Class R Shares Contractual 1.30% May 23, 2011 June 30, 2013
Class Y Shares Contractual 0.80% May 23, 2011 June 30, 2013
Institutional Class Shares Contractual 0.80% May 23, 2011 June 30, 2013
Invesco Xxx Xxxxxx Equity and Income Fund(*)
Class A Shares Contractual 0.82% February 12, 2010 June 30, 2012
Class B Shares Contractual 0.95%(9) February 12, 2010 June 30, 2012
Class C Shares Contractual 1.57% February 12, 2010 June 30, 2012
Class R Shares Contractual 1.07% February 12, 2010 June 30, 2012
Class Y Shares Contractual 0.57% February 12, 2010 June 30, 2012
Institutional Class Shares Contractual 0.57% February 12, 2010 June 30, 2012
Invesco Xxx Xxxxxx Growth and Income Fund(*)
Class A Shares Contractual 0.88% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.63% February 12, 2010 June 30, 2012
Class C Shares Contractual 1.63% February 12, 2010 June 30, 2012
Class R Shares Contractual 1.13% February 12, 2010 June 30, 2012
Class Y Shares Contractual 0.63% February 12, 2010 June 30, 2012
Institutional Class Shares Contractual 0.63% February 12, 2010 June 30, 0000
Xxxxxxx Xxx Xxxxxx Xxxxxxxxxxxx Tax Free Income Fund(*)
Class A Shares Contractual 1.13% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.88% February 12, 2010 June 30, 2012
Class C Shares Contractual 1.88% February 12, 2010 June 30, 2012
Class Y Shares Contractual 0.88% February 12, 2010 June 30, 2012
Invesco Xxx Xxxxxx Small Cap Growth Fund(*)
Class A Shares Contractual 1.38% February 12, 2010 June 30, 2012
Class B Shares Contractual 2.13% February 12, 2010 June 30, 2012
Class C Shares Contractual 2.13% February 12, 2010 June 30, 2012
Class Y Shares Contractual 1.13% February 12, 2010 June 30, 2012
AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
-------------------------------- ------------ ---------- ------------------ -----------------
Invesco Capital Development Fund
Class A Shares Contractual 2.00% July 1, 2009 February 28, 2012
Class B Shares Contractual 2.75% July 1, 2009 February 28, 2012
Class C Shares Contractual 2.75% July 1, 2009 February 28, 2012
Class R Shares Contractual 2.25% July 1, 2009 February 28, 2012
Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2012
Investor Class Shares Contractual 2.00% July 1, 2009 February 28, 2012
Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2012
Invesco Charter Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2012
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2012
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2012
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2012
Class S Shares Contractual 1.90% September 25, 2009 June 30, 2012
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2012
Institutional Class Shares Contractual 1.75% July 1, 2009 June 30, 2012
See page 14 for footnotes to Exhibit A.
4
as of June 6, 2011
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
-------------------------------- ----------- ---------- ------------------- ------------------
Invesco Constellation Fund
Class A Shares Contractual 2.00% July 1, 2009 February 28, 2012
Class B Shares Contractual 2.75% July 1, 2009 February 28, 2012
Class C Shares Contractual 2.75% July 1, 2009 February 28, 2012
Class R Shares Contractual 2.25% July 1, 2009 February 28, 2012
Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2012
Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2012
Invesco Disciplined Equity Fund
Class Y Shares Contractual 1.75% July 14, 2009 February 28, 2012
Invesco Diversified Dividend Fund
Class A Shares Contractual 1.00% May 23, 2011 June 30, 2012
Class B Shares Contractual 1.75% May 23, 2011 June 30, 2012
Class C Shares Contractual 1.75% May 23, 2011 June 30, 2012
Class R Shares Contractual 1.25% May 23, 2011 June 30, 2012
Class Y Shares Contractual 0.75% May 23, 2011 June 30, 2012
Investor Class Shares Contractual 1.00% May 23, 2011 June 30, 2012
Institutional Class Shares Contractual 0.75% May 23, 2011 June 30, 0000
Xxxxxxx Xxxxxx Fund
Class A Shares Contractual 2.00% July 1, 2009 February 28, 2012
Class B Shares Contractual 2.75% July 1, 2009 February 28, 2012
Class C Shares Contractual 2.75% July 1, 2009 February 28, 2012
Class P Shares Contractual 1.85% July 1, 2009 February 28, 2012
Class S Shares Contractual 1.90% September 25, 2009 February 28, 2012
Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2012
Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2012
AIM FUNDS GROUP (INVESCO FUNDS GROUP)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------ ----------- ---------- ------------------- --------------
Invesco European Small Company Fund
Class A Shares Contractual 2.25% July 1, 2009 April 30, 2012
Class B Shares Contractual 3.00% July 1, 2009 April 30, 2012
Class C Shares Contractual 3.00% July 1, 2009 April 30, 2012
Class Y Shares Contractual 2.00% July 1, 2009 April 30, 2012
Invesco Global Core Equity Fund
Class A Shares Contractual 1.25% May 23, 2011 June 30, 2013
Class B Shares Contractual 1.52%(9) May 23, 2011 June 30, 2013
Class C Shares Contractual 2.00% May 23, 2011 June 30, 2013
Class R Shares Contractual 1.50% May 23, 2011 June 30, 2013
Class Y Shares Contractual 1.00% May 23, 2011 June 30, 2013
Institutional Class Shares Contractual 1.00% May 23, 2011 June 30, 2013
Invesco International Small Company Fund
Class A Shares Contractual 2.25% July 1, 2009 April 30, 2012
Class B Shares Contractual 3.00% July 1, 2009 April 30, 2012
Class C Shares Contractual 3.00% July 1, 2009 April 30, 2012
Class Y Shares Contractual 2.00% July 1, 2009 April 30, 2012
Institutional Class Shares Contractual 2.00% July 1, 2009 April 30, 2012
Invesco Small Cap Equity Fund
Class A Shares Contractual 2.00% July 1, 2009 April 30, 2012
Class B Shares Contractual 2.75% July 1, 2009 April 30, 2012
Class C Shares Contractual 2.75% July 1, 2009 April 30, 2012
Class R Shares Contractual 2.25% July 1, 2009 April 30, 2012
Class Y Shares Contractual 1.75% July 1, 2009 April 30, 2012
Institutional Class Shares Contractual 1.75% July 1, 2009 April 30, 2012
See page 14 for footnotes to Exhibit A.
5
as of June 6, 2011
AIM GROWTH SERIES (INVESCO GROWTH SERIES)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
--------------------- ----------- ---------- ------------------ --------------
Invesco Balanced-Risk Retirement 2020 Fund(4)
Class A Shares Contractual 0.25% November 4, 2009 April 30, 2012
Class A5 Share Contractual 0.25% February 12, 2010 April 30, 2012
Class B Shares Contractual 1.00% November 4, 2009 April 30, 2012
Class C Shares Contractual 1.00% November 4, 2009 April 30, 2012
Class C5 Share Contractual 1.00% February 12, 2010 April 30, 2012
Class R Shares Contractual 0.50% November 4, 2009 April 30, 2012
Class R5 Share Contractual 0.50% February 12, 2010 April 30, 2012
Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2012
Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2012
Invesco Balanced-Risk Retirement 2030 Fund(5)
Class A Shares Contractual 0.25% November 4, 2009 April 30, 2012
Class A5 Shares Contractual 0.25% February 12, 2010 April 30, 2012
Class B Shares Contractual 1.00% November 4, 2009 April 30, 2012
Class C Shares Contractual 1.00% November 4, 2009 April 30, 2012
Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2012
Class R Shares Contractual 0.50% November 4, 2009 April 30, 2012
Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2012
Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2012
Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2012
Invesco Balanced-Risk Retirement 2040 Fund(6)
Class A Shares Contractual 0.25% November 4, 2009 April 30, 2012
Class A5 Shares Contractual 0.25% February 12, 2010 April 30, 2012
Class B Shares Contractual 1.00% November 4, 2009 April 30, 2012
Class C Shares Contractual 1.00% November 4, 2009 April 30, 2012
Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2012
Class R Shares Contractual 0.50% November 4, 2009 April 30, 2012
Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2012
Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2012
Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2012
Invesco Balanced-Risk Retirement 2050 Fund(8)
Class A Shares Contractual 0.25% November 4, 2009 April 30, 2012
Class A5 Shares Contractual 0.25% February 12, 2010 April 30, 2012
Class B Shares Contractual 1.00% November 4, 2009 April 30, 2012
Class C Shares Contractual 1.00% November 4, 2009 April 30, 2012
Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2012
Class R Shares Contractual 0.50% November 4, 2009 April 30, 2012
Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2012
Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2012
Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2012
Invesco Balanced-Risk Retirement Now Fund(2)
Class A Shares Contractual 0.25% November 4, 2009 June 30, 2012
Class A5 Shares Contractual 0.25% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.00% November 4, 2009 June 30, 2012
Class C Shares Contractual 1.00% November 4, 2009 June 30, 2012
Class C5 Shares Contractual 1.00% February 12, 2010 June 30, 2012
Class R Shares Contractual 0.50% November 4, 2009 June 30, 2012
Class R5 Shares Contractual 0.50% February 12, 2010 June 30, 2012
Class Y Shares Contractual 0.00% November 4, 2009 June 30, 2012
Institutional Class Shares Contractual 0.00% November 4, 2009 June 30, 2012
See page 14 for footnotes to Exhibit A.
6
as of June 6, 2011
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
--------------------- ----------- ---------- ------------------ --------------
Invesco Convertible Securities Fund*
Class A Shares Contractual 1.11% May 23, 2011 June 30, 2012
Class B Shares Contractual 1.86% May 23, 2011 June 30, 2012
Class C Shares Contractual 1.86% May 23, 2011 June 30, 2012
Class Y Shares Contractual 0.86% May 23, 2011 June 30, 2012
Institutional Class Shares Contractual 0.86% May 23, 2011 June 30, 2012
Invesco Global Equity Fund
Class A Shares Contractual 2.25% July 1, 2009 April 30, 2012
Class B Shares Contractual 3.00% July 1, 2009 April 30, 2012
Class C Shares Contractual 3.00% July 1, 2009 April 30, 2012
Class R Shares Contractual 2.50% July 1, 2009 April 30, 2012
Class Y Shares Contractual 2.00% July 1, 2009 April 30, 2012
Institutional Class Shares Contractual 2.00% July 1, 2009 April 30, 2012
Invesco Growth Allocation Fund
Class A Shares Contractual 0.37% June 6, 2011 June 30, 2012
Class B Shares Contractual 1.12% June 6, 2011 June 30, 2012
Class C Shares Contractual 1.12% June 6, 2011 June 30, 2012
Class R Shares Contractual 0.62% June 6, 2011 June 30, 2012
Class S Shares Contractual 0.27% June 6, 2011 June 30, 2012
Class Y Shares Contractual 0.12% June 6, 2011 June 30, 2012
Institutional Class Shares Contractual 0.12% June 6, 2011 June 30, 2012
Invesco Income Allocation Fund
Class A Shares Contractual 0.28% July 1, 2009 April 30, 2012
Class B Shares Contractual 1.03% July 1, 2009 April 30, 2012
Class C Shares Contractual 1.03% July 1, 2009 April 30, 2012
Class R Shares Contractual 0.53% July 1, 2009 April 30, 2012
Class Y Shares Contractual 0.03% July 1, 2009 April 30, 2012
Institutional Class Shares Contractual 0.03% July 1, 2009 April 30, 2012
Invesco International Allocation Fund
Class A Shares Contractual 0.43% July 1, 2009 April 30, 2012
Class B Shares Contractual 1.18% July 1, 2009 April 30, 2012
Class C Shares Contractual 1.18% July 1, 2009 April 30, 2012
Class R Shares Contractual 0.68% July 1, 2009 April 30, 2012
Class Y Shares Contractual 0.18% July 1, 2009 April 30, 2012
Institutional Class Shares Contractual 0.18% July 1, 2009 April 30, 2012
Invesco Mid Cap Core Equity Fund
Class A Shares Contractual 2.00% July 1, 2009 April 30, 2012
Class B Shares Contractual 2.75% July 1, 2009 April 30, 2012
Class C Shares Contractual 2.75% July 1, 2009 April 30, 2012
Class R Shares Contractual 2.25% July 1, 2009 April 30, 2012
Class Y Shares Contractual 1.75% July 1, 2009 April 30, 2012
Institutional Class Shares Contractual 1.75% July 1, 2009 April 30, 2012
Invesco Moderate Allocation Fund
Class A Shares Contractual 0.37% July 1, 2009 June 30, 2012
Class B Shares Contractual 1.12% July 1, 2009 June 30, 2012
Class C Shares Contractual 1.12% July 1, 2009 June 30, 2012
Class R Shares Contractual 0.62% July 1, 2009 June 30, 2012
Class S Shares Contractual 0.27% September 25, 2009 June 30, 2012
Class Y Shares Contractual 0.12% July 1, 2009 June 30, 2012
Institutional Class Shares Contractual 0.12% July 1, 2009 June 30, 2012
Invesco Moderately Conservative Allocation Fund
Class A Shares
Class B Shares Contractual 0.39% July 1, 2009 June 30, 2012
Class C Shares Contractual 1.14% July 1, 2009 June 30, 2012
Class R Shares Contractual 1.14% July 1, 2009 June 30, 2012
Class S Shares Contractual 0.64% July 1, 2009 June 30, 2012
Class Y Shares Contractual 0.29% June 6, 2011 June 30, 2012
Institutional Class Shares Contractual 0.14% July 1, 2009 June 30, 2012
Contractual 0.14% July 1, 2009 June 30, 2012
See page 14 for footnotes to Exhibit A
7
as of June 6, 2011
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---------------------------------------- ----------- ---------- ----------------- --------------
Invesco Small Cap Growth Fund
Class A Shares Contractual 2.00% July 1, 2009 April 30, 2012
Class B Shares Contractual 2.75% July 1, 2009 April 30, 2012
Class C Shares Contractual 2.75% July 1, 2009 April 30, 2012
Class R Shares Contractual 2.25% July 1, 2009 April 30, 2012
Class Y Shares Contractual 1.75% July 1, 2009 April 30, 2012
Investor Class Shares Contractual 2.00% July 1, 2009 April 30, 2012
Institutional Class Shares Contractual 1.75% July 1, 2009 April 30, 2012
Invesco Xxx Xxxxxx Leaders Fund*
Class A Shares Contractual 0.50% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.25% February 12, 2010 June 30, 2012
Class C Shares Contractual 1.25% February 12, 2010 June 30, 2012
Class Y Shares Contractual 0.25% February 12, 2010 June 30, 2012
Invesco Xxx Xxxxxx U.S. Mortgage Fund*
Class A Shares Contractual 0.96% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.71% February 12, 2010 June 30, 2012
Class C Shares Contractual 1.71% February 12, 2010 June 30, 2012
Class Y Shares Contractual 0.71% February 12, 2010 June 30, 2012
Institutional Class Shares Contractual 0.71% February 12, 2010 June 30, 2012
AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---------------------------------------- ----------- ---------- ------------------ -----------------
Invesco Asia Pacific Growth Fund
Class A Shares Contractual 2.25% July 1, 2009 February 28, 2012
Class B Shares Contractual 3.00% July 1, 2009 February 28, 2012
Class C Shares Contractual 3.00% July 1, 2009 February 28, 2012
Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2012
Invesco European Growth Fund
Class A Shares Contractual 2.25% July 1, 2009 February 28, 2012
Class B Shares Contractual 3.00% July 1, 2009 February 28, 2012
Class C Shares Contractual 3.00% July 1, 2009 February 28, 2012
Class R Shares Contractual 2.50% July 1, 2009 February 28, 2012
Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2012
Investor Class Shares Contractual 2.25% July 1, 2009 February 28, 2012
Invesco Global Growth Fund
Class A Shares Contractual 2.25% May 23, 2011 February 28, 2012
Class B Shares Contractual 3.00% May 23, 2011 February 28, 2012
Class C Shares Contractual 3.00% May 23, 2011 February 28, 2012
Class Y Shares Contractual 2.00% May 23, 2011 February 28, 2012
Institutional Class Shares Contractual 2.00% May 23, 2011 February 28, 2012
Invesco Global Small & Mid Cap Growth Fund
Class A Shares Contractual 2.25% July 1, 2009 February 28, 2012
Class B Shares Contractual 3.00% July 1, 2009 February 28, 2012
Class C Shares Contractual 3.00% July 1, 2009 February 28, 2012
Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2012
Institutional Class Shares Contractual 2.00% July 1, 2009 February 28, 2012
Invesco International Core Equity Fund
Class A Shares Contractual 2.25% July 1, 2009 February 28, 2012
Class B Shares Contractual 3.00% July 1, 2009 February 28, 2012
Class C Shares Contractual 3.00% July 1, 2009 February 28, 2012
Class R Shares Contractual 2.50% July 1, 2009 February 28, 2012
Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2012
Investor Class Shares Contractual 2.25% July 1, 2009 February 28, 2012
Institutional Class Shares Contractual 2.00% July 1, 2009 February 28, 2012
See page 14 for footnotes to Exhibit A.
8
as of June 6, 2011
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---------------------------------- ----------- ---------- ------------------ --------------
Invesco International Growth Fund
Class A Shares Contractual 1.40% May 23, 2011 June 30, 2013
Class B Shares Contractual 2.15% May 23, 2011 June 30, 2013
Class C Shares Contractual 2.15% May 23, 2011 June 30, 2013
Class R Shares Contractual 1.65% May 23, 2011 June 30, 2013
Class Y Shares Contractual 1.15% May 23, 2011 June 30, 2013
Institutional Class Shares Contractual 1.15% May 23, 2011 June 30, 2013
AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------------------ ----------- ---------- ------------------- -----------------
Invesco Balanced-Risk Allocation Fund(8)
Class A Shares Contractual 1.04% November 4, 2009 February 28, 2012
Class B Shares Contractual 1.79% November 4, 2009 February 28, 2012
Class C Shares Contractual 1.79% November 4, 2009 February 28, 2012
Class R Shares Contractual 1.29% November 4, 2009 February 28, 2012
Class Y Shares Contractual 0.79% November 4, 2009 February 28, 2012
Institutional Class Shares Contractual 0.79% November 4, 2009 February 28, 2012
Invesco Balanced-Risk Commodity Strategy Fund(11)
Class A Shares Contractual 1.22% November 29, 2010 February 28, 2012
Class B Shares Contractual 1.97% November 29, 2010 February 28, 2012
Class C Shares Contractual 1.97% November 29, 2010 February 28, 2012
Class R Shares Contractual 1.47% November 29, 2010 February 28, 2012
Class Y Shares Contractual 0.97% November 29, 2010 February 28, 2012
Institutional Class Shares Contractual 0.97% November 29, 2010 February 28, 2012
Invesco China Fund
Class A Shares Contractual 2.25% July 1, 2009 February 28, 2012
Class B Shares Contractual 3.00% July 1, 2009 February 28, 2012
Class C Shares Contractual 3.00% July 1, 2009 February 28, 2012
Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2012
Institutional Class Shares Contractual 2.00% July 1, 2009 February 28, 2012
Invesco Commodities Strategy Fund(12)
Class A Shares Contractual 1.25% February 12, 2010 June 30, 2012
Class B Shares Contractual 2.00% February 12, 2010 June 30, 2012
Class C Shares Contractual 2.00% February 12, 2010 June 30, 2012
Class R Shares Contractual 1.50% February 12, 2010 June 30, 2012
Class Y Shares Contractual 1.00% February 12, 2010 June 30, 2012
Institutional Class Shares Contractual 1.00% February 12, 2010 June 30, 2012
Invesco Developing Markets Fund
Class A Shares Contractual 2.10% May 23, 2011 June 30, 2012
Class B Shares Contractual 2.85% May 23, 2011 June 30, 2012
Class C Shares Contractual 2.85% May 23, 2011 June 30, 2012
Class Y Shares Contractual 1.85% May 23, 2011 June 30, 2012
Institutional Class Shares Contractual 1.85% May 23, 2011 June 30, 2012
Invesco Emerging Markets Equity Fund
Class A Shares Contractual 1.85% May 11, 2011 June 30, 2012
Class C Shares Contractual 2.60% May 11, 2011 June 30, 2012
Class R Shares Contractual 2.10% May 11, 2011 June 30, 2012
Class Y Shares Contractual 1.60% May 11, 2011 June 30, 2012
Institutional Class Shares Contractual 1.60% May 11, 2011 June 30, 2012
Invesco Emerging Market Local Currency Debt Fund
Class A Shares Contractual 1.24% June 14, 2010 February 28, 2012
Class B Shares Contractual 1.99% June 14, 2010 February 28, 2012
Class C Shares Contractual 1.99% June 14, 2010 February 28, 2012
Class R Shares Contractual 1.49% June 14, 2010 February 28, 2012
Class Y Shares Contractual 0.99% June 14, 2010 February 28, 2012
Institutional Class Shares Contractual 0.99% June 14, 2010 February 28, 2012
See page 14 for footnotes to Exhibit A.
9
as of June 6, 2011
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------ ----------- ----------- ----------------- ------------------
Invesco Endeavor Fund
Class A Shares Contractual 2.00% July 1, 2009 February 28, 2012
Class B Shares Contractual 2.75% July 1, 2009 February 28, 2012
Class C Shares Contractual 2.75% July 1, 2009 February 28, 2012
Class R Shares Contractual 2.25% July 1, 2009 February 28, 2012
Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2012
Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2012
Invesco Global Advantage Fund*
Class A Shares Contractual 1.41% February 12, 2010 June 30, 2012
Class B Shares Contractual 2.16% February 12, 2010 June 30, 2012
Class C Shares Contractual 2.16% February 12, 2010 June 30, 2012
Class Y Shares Contractual 1.16% February 12, 2010 June 30, 2012
Invesco Global Health Care Fund
Class A Shares Contractual 1.65% May 23, 2011 June 30, 2012
Class B Shares Contractual 2.40% May 23, 2011 June 30, 2012
Class C Shares Contractual 2.40% May 23, 2011 June 30, 2012
Class Y Shares Contractual 1.40% May 23, 2011 June 30, 2012
Investor Class Shares Contractual 1.65% May 23, 2011 June 30, 2012
Invesco International
Total Return Fund
Class A Shares Contractual 1.10% March 31, 2006 February 28, 2012
Class B Shares Contractual 1.85% March 31, 2006 February 28, 2012
Class C Shares Contractual 1.85% March 31, 2006 February 28, 2012
Class Y Shares Contractual 0.85% October 3, 2008 February 28, 2012
Institutional Class Shares Contractual 0.85% March 31, 2006 February 28, 2012
Invesco Pacific Growth Fund*
Class A Shares Contractual 1.88% February 12, 2010 June 30, 2012
Class B Shares Contractual 2.63% February 12, 2010 June 30, 2012
Class C Shares Contractual 2.63% February 12, 2010 June 30, 2012
Class R Shares Contractual 2.13% February 12, 2010 June 30, 2012
Class Y Shares Contractual 1.63% February 12, 2010 June 30, 2012
Institutional Class Shares Contractual 1.63% May 23, 2011 June 30, 2012
Invesco Small Companies Fund
Class A Shares Contractual 2.00% July 1, 2009 February 28, 2012
Class B Shares Contractual 2.75% July 1, 2009 February 28, 2012
Class C Shares Contractual 2.75% July 1, 2009 February 28, 2012
Class R Shares Contractual 2.25% July 1, 2009 February 28, 2012
Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2012
Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2012
Invesco Xxx Xxxxxx Global Tactical
Asset Allocation Fund*
Class A Shares Contractual 1.20% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.95% February 12, 2010 June 30, 2012
Class C Shares Contractual 1.95% February 12, 2010 June 30, 2012
Class R Shares Contractual 1.45% February 12, 2010 June 30, 2012
Class Y Shares Contractual 0.95% February 12, 2010 June 30, 2012
Institutional Class Shares Contractual 0.95% February 12, 2010 June 30, 2012
AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------ ----------- ----------- ----------------- --------------
Invesco Dynamics Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2011
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2011
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2011
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2011
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2011
Investor Class Shares Contractual 2.00% July 1, 2009 June 30, 2011
Institutional Class Shares Contractual 1.75% July 1, 2009 June 30, 2011
See page 14 for footnotes to Exhibit A.
10
as of June 6, 2011
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------ ----------- ----------- ----------------- ------------------
Invesco Global Real Estate Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2011
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2011
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2011
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2011
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2011
Institutional Class Shares Contractual 1.75% July 1, 2009 June 30, 2011
Invesco High Yield Fund
Class A Shares Contractual 0.89% June 6, 2011 June 30, 2013
Class B Shares Contractual 1.64% June 6, 2011 June 30, 2013
Class C Shares Contractual 1.64% June 6, 2011 June 30, 2013
Class Y Shares Contractual 0.64% June 6, 2011 June 30, 2013
Investor Class Shares Contractual 0.89% June 6, 2011 June 30, 2013
Institutional Class Shares Contractual 0.64% June 6, 2011 June 30, 2013
Invesco High Yield Securities Fund*
Class A Shares Contractual 2.13% February 12, 2010 June 30, 2012
Class B Shares Contractual 2.63% February 12, 2010 June 30, 2012
Class C Shares Contractual 2.73% February 12, 2010 June 30, 2012
Class Y Shares Contractual 1.88% February 12, 2010 June 30, 2012
Invesco Municipal Bond Fund
Class A Shares Contractual 0.57% March 4, 2009 June 30, 2011
Class B Shares Contractual 1.32% March 4, 2009 June 30, 2011
Class C Shares Contractual 1.32% March 4, 2009 June 30, 2011
Class Y Shares Contractual 0.32% March 4, 2009 June 30, 2011
Investor Class Shares Contractual 0.57% March 4, 2009 June 30, 2011
Invesco Real Estate Fund
Class A Shares Contractual 1.55% May 23, 2011 June 30, 2012
Class B Shares Contractual 2.30% May 23, 2011 June 30, 2012
Class C Shares Contractual 2.30% May 23, 2011 June 30, 2012
Class R Shares Contractual 1.80% May 23, 2011 June 30, 2012
Class Y Shares Contractual 1.30% May 23, 2011 June 30, 2012
Investor Class Shares Contractual 1.55% May 23, 2011 June 30, 2012
Institutional Class Shares Contractual 1.30% May 23, 2011 June 30, 2012
Invesco Short Term Bond Fund
Class A Shares Contractual 0.56% June 6, 2011 June 30, 2013
Class C Shares Contractual 0.91%(9) March 4, 2009 June 30, 2013
Class R Shares Contractual 0.91% March 4, 2009 June 30, 2013
Class Y Shares Contractual 0.41% March 4, 2009 June 30, 2013
Institutional Class Shares Contractual 0.41% March 4, 2009 June 30, 0000
Xxxxxxx X.X. Government Fund
Class A Shares Contractual 1.03% June 6, 2011 June 30, 2012
Class B Shares Contractual 1.78% June 6, 2011 June 30, 2012
Class C Shares Contractual 1.78% June 6, 2011 June 30, 2012
Class R Shares Contractual 1.28% June 6, 2011 June 30, 2012
Class Y Shares Contractual 0.78% June 6, 2011 June 30, 2012
Investor Class Shares Contractual 1.03% June 6, 2011 June 30, 2012
Institutional Class Shares Contractual 0.78% June 6, 3011 June 30, 2012
Invesco Xxx Xxxxxx Corporate Bond Fund*
Class A Shares Contractual 0.95% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.29%(9) June 6, 2011 June 30, 2012
Class C Shares Contractual 1.65%(9) June 6, 2011 June 30, 2012
Class R Shares Contractual 1.20% June 6, 2011 June 30, 2012
Class Y Shares Contractual 0.70% February 12, 2010 June 30, 2012
Institutional Class Shares Contractual 0.70% February 12, 2010 June 30, 2012
See page 14 for footnotes to Exhibit A.
11
as of June 6, 2011
AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE EXPIRATION
FUND VOLUNTARY LIMITATION OF CURRENT LIMIT DATE
---------------------------------------- ------------ ---------- ---------------- -----------------
Invesco Energy Fund
Class A Shares Contractual 2.00% July 1, 2009 August 31, 2011
Class B Shares Contractual 2.75% July 1, 2009 August 31, 2011
Class C Shares Contractual 2.75% July 1, 2009 August 31, 2011
Class Y Shares Contractual 1.75% July 1, 2009 August 31, 2011
Investor Class Shares Contractual 2.00% July 1, 2009 August 31, 2011
Institutional Class Shares Contractual 1.75% July 1, 2009 August 31, 2011
Invesco Gold & Precious Metals Fund
Class A Shares Contractual 2.00% July 1, 2009 August 31, 2011
Class B Shares Contractual 2.75% July 1, 2009 August 31, 2011
Class C Shares Contractual 2.75% July 1, 2009 August 31, 2011
Class Y Shares Contractual 1.75% July 1, 2009 August 31, 2011
Investor Class Shares Contractual 2.00% July 1, 2009 August 31, 2011
Invesco Leisure Fund
Class A Shares Contractual 2.00% July 1, 2009 August 31, 2011
Class B Shares Contractual 2.75% July 1, 2009 August 31, 2011
Class C Shares Contractual 2.75% July 1, 2009 August 31, 2011
Class R Shares Contractual 2.25% July 1, 2009 August 31, 2011
Class Y Shares Contractual 1.75% July 1, 2009 August 31, 2011
Investor Class Shares Contractual 2.00% July 1, 2009 August 31, 2011
Invesco Technology Fund
Class A Shares Contractual 1.76% May 23, 2011 June 30, 2012
Class B Shares Contractual 2.51% May 23, 2011 June 30, 2012
Class C Shares Contractual 2.51% May 23, 2011 June 30, 2012
Class Y Shares Contractual 1.51% May 23, 2011 June 30, 2012
Investor Class Shares Contractual 1.76% May 23, 2011 June 30, 2012
Institutional Class Shares Contractual 1.51% May 23, 2011 June 30, 2012
Invesco Technology Sector Fund*
Class A Shares Contractual 2.00% February 12, 2010 June 30, 2012
Class B Shares Contractual 2.75% February 12, 2010 June 30, 2012
Class C Shares Contractual 2.75% February 12, 2010 June 30, 2012
Class Y Shares Contractual 1.75% February 12, 2010 June 30, 0000
Xxxxxxx X.X. Mid Cap Value Fund*
Class A Shares Contractual 1.27% February 12, 2010 June 30, 2012
Class B Shares Contractual 2.02% February 12, 2010 June 30, 2012
Class C Shares Contractual 2.02% February 12, 2010 June 30, 2012
Class Y Shares Contractual 1.02% February 12, 2010 June 30, 2012
Invesco Utilities Fund
Class A Shares Contractual 1.32% May 23, 2011 June 30, 2013
Class B Shares Contractual 2.07% May 23, 2011 June 30, 2013
Class C Shares Contractual 2.07% May 23, 2011 June 30, 2013
Class Y Shares Contractual 1.07% May 23, 2011 June 30, 2013
Investor Class Shares Contractual 1.32% May 23, 2011 June 30, 2013
Institutional Class Shares Contractual 1.07% May 23, 2011 June 30, 2013
Invesco Value Fund*
Class A Shares Contractual 1.25% February 12, 2010 June 30, 2012
Class B Shares Contractual 2.00% February 12, 2010 June 30, 2012
Class C Shares Contractual 2.00% February 12, 2010 June 30, 2012
Class Y Shares Contractual 1.00% February 12, 2010 June 30, 2012
Invesco Xxx Xxxxxx American Value Fund*
Class A Shares Contractual 1.41% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.65%(9) May 23, 2011 June 30, 2012
Class C Shares Contractual 2.16% February 12, 2010 June 30, 2012
Class R Shares Contractual 1.66% February 12, 2010 June 30, 2012
Class Y Shares Contractual 1.16% February 12, 2010 June 30, 2012
Institutional Class Shares Contractual 1.16% February 12, 2010 June 30, 2012
See page 14 for footnotes to Exhibit A.
12
as of June 6, 2011
CONTRACTUAL/ EXPENSE EFFECTIVE DATE EXPIRATION
FUND VOLUNTARY LIMITATION OF CURRENT LIMIT DATE
---------------------------------------- ------------ ---------- ---------------- -----------------
Invesco Xxx Xxxxxx Xxxxxxxx Fund*
Class A Shares
Class B Shares Contractual 0.89% February 12, 2010 June 30, 2012
Class C Shares Contractual 1.64% February 12, 2010 June 30, 2012
Class R Shares Contractual 1.64% February 12, 2010 June 30, 2012
Class Y Shares Contractual 1.14% February 12, 2010 June 30, 2012
Institutional Class Shares Contractual 0.64% February 12, 2010 June 30, 2012
Contractual 0.64% February 12, 2010 June 30, 2012
Invesco Xxx Xxxxxx Mid Cap Growth Fund*
Class A Shares
Class B Shares Contractual 1.40% February 12, 2010 June 30, 2012
Class C Shares Contractual 2.15% February 12, 2010 June 30, 2012
Class R Shares Contractual 2.15% February 12, 2010 June 30, 2012
Class Y Shares Contractual 1.65% February 12, 2010 June 30, 2012
Institutional Class Shares Contractual 1.15% February 12, 2010 June 30, 2012
Contractual 1.15% February 12, 2010 June 30, 2012
Invesco Xxx Xxxxxx Small Cap Value Fund*
Class A Shares
Class B Shares Contractual 1.03% May 23, 2011 June 30, 2012
Class C Shares Contractual 1.40%(9) May 23, 2011 June 30, 2012
Class Y Shares Contractual 1.78% May 23, 2011 June 30, 2012
Contractual 0.78% May 23, 2011 June 30, 2012
Xxx Xxxxxx Value Opportunities Fund*
Class A Shares
Class B Shares Contractual 1.41% February 12, 2010 June 30, 2012
Class C Shares Contractual 2.16% February 12, 2010 June 30, 2012
Class R Shares Contractual 2.16% February 12, 2010 June 30, 2012
Class Y Shares Contractual 1.66% May 23, 2011 June 30, 2012
Institutional Class Shares Contractual 1.16% February 12, 2010 June 30, 2012
Contractual 1.16% May 23, 2011 June 30, 2012
AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE EXPIRATION
FUND VOLUNTARY LIMITATION OF CURRENT LIMIT DATE
------------------------------------------------------------ ------------ ---------- ---------------- --------------
Invesco High Income Municipal Fund
Class A Shares Voluntary 0.83% March 4, 2009 N/A(10)
Class B Shares Voluntary 1.58% March 4, 2009 N/A(10)
Class C Shares Voluntary 1.58% March 4, 2009 N/A(10)
Class Y Shares Voluntary 0.58% March 4, 2009 N/A(10)
Institutional Class Shares Voluntary 0.58% March 4, 2009 N/A(10)
Invesco Xxx Xxxxxx High Yield Municipal Fund*
Class A Shares Contractual 0.87% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.62% February 12, 2010 June 30, 2012
Class C Shares Contractual 1.62% February 12, 2010 June 30, 2012
Class Y Shares Contractual 0.62% February 12, 2010 June 30, 2012
Invesco Xxx Xxxxxx Intermediate Term Municipal Income Fund*
Class A Shares Contractual 0.75% June 6, 2011 June 30, 2013
Class B Shares Contractual 1.50% June 6, 2011 June 30, 2013
Class C Shares Contractual 1.50% June 6, 2011 June 30, 2013
Class Y Shares Contractual 0.50% June 6, 2011 June 30, 2013
See page 14 for footnotes to Exhibit A.
13
as of June 6, 2011
CONTRACTUAL/ EXPENSE EFFECTIVE DATE EXPIRATION
FUND VOLUNTARY LIMITATION OF CURRENT LIMIT DATE
---------------------------------------- ------------ ---------- ------------------ -------------------
Invesco Xxx Xxxxxx Municipal
Income Fund*
Class A Shares Contractual 0.83% June 6, 2011 June 30, 2013
Class B Shares Contractual 1.58% June 6, 2011 June 30, 2013
Class C Shares Contractual 1.58% June 6, 2011 June 30, 2013
Class Y Shares Contractual 0.58% June 6, 2011 June 30, 0000
Xxxxxxx Xxx Xxxxxx Xxx Xxxx
Tax Free Income Fund*
Class A Shares Contractual 0.78% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.53% February 12, 2010 June 30, 2012
Class C Shares Contractual 1.53% February 12, 2010 June 30, 2012
Class Y Shares Contractual 0.53% February 12, 2010 June 30, 2012
-----------------------
(1) The total operating expenses of any class of shares established after the
date of this Memorandum of Agreement will be limited to the amount
established for Class A Shares plus the difference between the new class
12b-1 rate and the Class A 12b-1 rate.
(2) In addition upon closing of a reorganization with Xxx Xxxxxx In
Retirement, the Fund's contractual limit through at least June 30, 2012
(excluding only items included in "notwithstanding" sentence discussed
above) will be 0.47%, 1.22%, 0.72% and 0.22% for Class A5, C5, R5 and Y,
respectively.
(3) In addition upon closing of a reorganization with Xxx Xxxxxx 2010
Retirement Strategy and Xxx Xxxxxx 2015 Retirement Strategy, the Fund's
contractual limit through at least June 30, 2012 (excluding only items
included in "notwithstanding" sentence discussed above) will be 0.38%,
1.13%, 0.63% and 0.13% for Class A5, C5, R5 and Y, respectively.
(4) In addition upon closing of a reorganization with Xxx Xxxxxx 2020
Retirement Strategy and Xxx Xxxxxx 2025 Retirement Strategy, the Fund's
contractual limit through at least June 30, 2012 (excluding only items
included in "notwithstanding" sentence discussed above) will be 0.41%,
1.16%, 0.66% and 0.16% for Class A5, C5, R5 and Y, respectively.
(5) In addition upon closing of a reorganization with Xxx Xxxxxx 00 Xxxxxxxxxx
Xxxxxxxx and Xxx Xxxxxx 2035 Retirement Strategy, the Fund's contractual
limit through at least June 30, 2012 (excluding only items included in
"notwithstanding" sentence discussed above) will be 0.29%, 1.04%, 0.54% and
0.04% for Class A5, C5, R5 and Y, respectively.
(6) In addition upon closing of a reorganization with Xxx Xxxxxx 2040
Retirement Strategy and Xxx Xxxxxx 2045 Retirement Strategy, the Fund's
contractual limit through at least June 30, 2012 (excluding only items
included in "notwithstanding" sentence discussed above) will be 0.28%,
1.03%, 0.53% and 0.03% for Class A5, C5, R5 and Y, respectively.
(7) In addition upon closing of a reorganization with Xxx Xxxxxx 50 Retirement
Strategy, the Fund's contractual limit through at least June 30, 2012
(excluding only items included in "notwithstanding" sentence discussed
above) will be 0.26%, 1.01%, 0.51% and 0.01% for Class A5, C5, R5 and Y,
respectively.
(8) Includes waived fees or reimbursed expenses that Invesco receives from
Invesco Cayman Commodity Fund I, Ltd.
(9) The expense limit shown is the expense limit after Rule 12b-1 fee waivers
by Invesco Distributors, Inc.
(10) Invesco may establish, amend or terminate voluntary waivers at any time in
its sole discretion after consultation with the Trust.
(11) Includes waived fees or reimbursed expenses that Invesco receives from
Invesco Cayman Commodity Fund III, Ltd.
(12) Includes waived fees or reimbursed expenses that Invesco receives from
Invesco Cayman Commodity Fund II, Ltd.
14
as of June 6, 2011
EXHIBIT "B" - INSTITUTIONAL MONEY MARKET FUNDS(1),(2)
SHORT-TERM INVESTMENTS TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
----------------------------------- ------------- ------------ ----------------- --------------------
Government & Agency Portfolio
Cash Management Class Contractual 0.22%(2) July 1, 2009 December 31, 2011
Corporate Class Contractual 0.17% July 1, 2009 December 31, 2011
Institutional Class Contractual 0.14% July 1, 2009 December 31, 2011
Personal Investment Class Contractual 0.69%(2) July 1, 2009 December 31, 2011
Private Investment Class Contractual 0.44%(2) July 1, 2009 December 31, 2011
Reserve Class Contractual 1.01%(2) July 1, 2009 December 31, 2011
Resource Class Contractual 0.30%(2) July 1, 2009 December 31, 2011
Government TaxAdvantage Portfolio
Cash Management Class Contractual 0.22%(2) July 1, 2009 December 31, 2011
Corporate Class Contractual 0.17% July 1, 2009 December 31, 2011
Institutional Class Contractual 0.14% July 1, 2009 December 31, 2011
Personal Investment Class Contractual 0.69%(2) July 1, 2009 December 31, 2011
Private Investment Class Contractual 0.39%(2) July 1, 2009 December 31, 2011
Reserve Class Contractual 1.01%(2) July 1, 2009 December 31, 2011
Resource Class Contractual 0.30%(2) July 1, 2009 December 31, 2011
Liquid Assets Portfolio
Cash Management Class Contractual 0.22%(2) July 1, 2009 December 31, 2011
Corporate Class Contractual 0.17% July 1, 2009 December 31, 2011
Institutional Class Contractual 0.14% July 1, 2009 December 31, 2011
Personal Investment Class Contractual 0.69%(2) July 1, 2009 December 31, 2011
Private Investment Class Contractual 0.44%(2) July 1, 2009 December 31, 2011
Reserve Class Contractual 1.01%(2) July 1, 2009 December 31, 2011
Resource Class Contractual 0.34% July 1, 2009 December 31, 2011
STIC Prime Portfolio
Cash Management Class Contractual 0.22%(2) July 1, 2009 December 31, 2011
Corporate Class Contractual 0.17% July 1, 2009 December 31, 2011
Institutional Class Contractual 0.14% July 1, 2009 December 31, 2011
Personal Investment Class Contractual 0.69%(2) July 1, 2009 December 31, 2011
Private Investment Class Contractual 0.44%(2) July 1, 2009 December 31, 2011
Reserve Class Contractual 1.01%(2) July 1, 2009 December 31, 2011
Resource Class Contractual 0.30%(2) July 1, 2009 December 31, 2011
Tax-Free Cash Reserve Portfolio(3)
Cash Management Class Contractual 0.33%(2) July 1, 2009 December 31, 2011
Corporate Class Contractual 0.28% July 1, 2009 December 31, 2011
Institutional Class Contractual 0.25% July 1, 2009 December 31, 2011
Personal Investment Class Contractual 0.80%(2) July 1, 2009 December 31, 2011
Private Investment Class Contractual 0.50%(2) July 1, 2009 December 31, 2011
Reserve Class Contractual 1.12%(2) July 1, 2009 December 31, 2011
Resource Class Contractual 0.41%(2) July 1, 2009 December 31, 2011
Treasury Portfolio(3)
Cash Management Class Contractual 0.22%(2) July 1, 2009 December 31, 2011
Corporate Class Contractual 0.17% July 1, 2009 December 31, 2011
Institutional Class Contractual 0.14% July 1, 2009 December 31, 2011
Personal Investment Class Contractual 0.69%(2) July 1, 2009 December 31, 2011
Private Investment Class Contractual 0.44%(2) July 1, 2009 December 31, 2011
Reserve Class Contractual 1.01%(2) July 1, 2009 December 31, 2011
Resource Class Contractual 0.30%(2) July 1, 2009 December 31, 2011
----------
(1) The expense rate excluding 12b-1 fees of any class of shares established
after the date of this Memorandum of Agreement will be the same as existing
classes.
(2) The expense limit shown is the expense limit after Rule 12b-1 fee waivers
by Invesco Distributors, Inc.
(3) The expense limitation also excludes Trustees' fees and federal
registration expenses.
15
as of June 6, 2011
EXHIBIT "C" - VARIABLE INSURANCE FUNDS
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
--------------------------------------------- ----------- ----------- ----------------- ------------------
Invesco V.I. Balanced-Risk Allocation Fund(1)
Series I Shares Contractual 0.70% December 22, 2010 June 30, 2013
Series II Shares Contractual 0.95% December 22, 2010 June 30, 2013
Invesco V.I. Basic Value Fund
Series I Shares Contractual 1.30% January 1, 2005 April 30, 2012
Series II Shares Contractual 1.45% January 1, 2005 April 30, 2012
Invesco V.I. Capital Appreciation Fund
Series I Shares Contractual 1.30% January 1, 2005 April 30, 2012
Series II Shares Contractual 1.45% January 1, 2005 April 30, 2012
Invesco V.I. Capital Development Fund
Series I Shares Contractual 1.30% January 1, 2005 June 30, 2012
Series II Shares Contractual 1.45% January 1, 2005 June 30, 2012
Invesco V.I. Core Equity Fund
Series I Shares Contractual 1.30% January 1, 2005 April 30, 2012
Series II Shares Contractual 1.45% January 1, 2005 April 30, 2012
Invesco V.I. Diversified Income Fund
Series I Shares Contractual 0.75% July 1, 2005 April 30, 2012
Series II Shares Contractual 1.00% July 1, 2005 April 30, 2012
Invesco V.I. Dividend Growth Fund*
Series I Shares Contractual 0.67% February 12, 2010 June 30, 2012
Series II Shares Contractual 0.92% February 12, 2010 June 30, 2012
Invesco V.I. Global Health Care Fund
Series I Shares Contractual 1.30% April 30, 2004 April 30, 2012
Series II Shares Contractual 1.45% April 30, 2004 April 30, 2012
Invesco V.I. Global Real Estate Fund
Series I Shares Contractual 1.30% April 30, 2004 April 30, 2012
Series II Shares Contractual 1.45% April 30, 2004 April 30, 2012
Invesco V.I. Government Securities Fund
Series I Shares Contractual 0.60% May 2, 2011 June 30, 2012
Series II Shares Contractual 0.85% May 2, 2011 June 30, 2012
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(1) Includes waived fees or reimbursed expenses that Invesco receives from
Invesco Cayman Commodity Fund IV, Ltd.
16
as of June 6, 2011
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------ ----------- ----------- ----------------- ------------------
Invesco V.I. High Yield Fund
Series II Shares Contractual 0.80% May 2, 2011 June 30, 2013
Series II Shares Contractual 1.05% May 2, 2011 June 30, 2013
Invesco V.I. High Yield Securities Fund*
Series I Shares Contractual 1.75% February 12, 2010 June 30, 2012
Series II Shares Contractual 2.00% February 12, 2010 June 30, 2012
Invesco V.I. International Growth Fund
Series I Shares Contractual 1.11% May 2, 2011 June 30, 2012
Series II Shares Contractual 1.36% May 2, 2011 June 30, 2012
Invesco V.I. Leisure Fund
Series I Shares Contractual 1.01% April 30, 2004 April 30, 2012
Series II Shares Contractual 1.26% April 30, 2004 April 30, 2012
Invesco V.I. Mid Cap Core Equity Fund
Series I Shares Contractual 1.30% September 10, 2001 April 30, 2012
Series II Shares Contractual 1.45% September 10, 2001 April 30, 2012
Invesco V.I. Money Market Fund
Series I Shares Contractual 1.30% January 1, 2005 April 30, 2012
Series II Shares Contractual 1.45% January 1, 2005 April 30, 2012
Invesco V.I. S&P 500 Index Fund*
Series I Shares Contractual 0.28% February 12, 2010 June 30, 2012
Series II Shares Contractual 0.53% February 12, 2010 June 30, 2012
Invesco V.I. Select Dimensions
Equally-Weighted S&P 500 Fund*
Series I Shares Contractual 0.37% February 12, 2010 June 30, 2012
Series II Shares Contractual 0.62% February 12, 2010 June 30, 2012
Invesco V.I. Small Cap Equity Fund
Series I Shares Contractual 1.15% July 1, 2005 April 30, 2012
Series II Shares Contractual 1.40% July 1, 2005 April 30, 2012
Invesco V.I. Technology Fund
Series I Shares Contractual 1.30% April 30, 2004 April 30, 2012
Series II Shares Contractual 1.45% April 30, 2004 April 30, 2012
Invesco V.I. Utilities Fund
Series I Shares Contractual 0.93% September 23, 2005 April 30, 2012
Series II Shares Contractual 1.18% September 23, 2005 April 30, 2012
Invesco Xxx Xxxxxx V.I.
Capital Growth Fund*
Series I Shares Contractual 0.84% February 12, 2010 June 30, 2012
17
as of June 6, 2011
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------ ----------- ----------- ----------------- --------------
Series II Shares Contractual 1.09% February 12, 2010 June 30, 2012
Invesco Xxx Xxxxxx V.I.
Xxxxxxxx Fund*
Series I Shares Contractual 0.62% February 12, 2010 June 30, 2012
Series II Shares Contractual 0.87% February 12, 2010 June 30, 2012
Invesco Xxx Xxxxxx V.I.
Equity and Income Fund*
Series I Shares Contractual 0.70%(2) February 12, 2010 June 30, 2012
Series II Shares Contractual 0.75% February 12, 2010 June 30, 2012
Invesco Xxx Xxxxxx V.I.
Global Value Equity Fund*
Series I Shares Contractual 0.94% May 2, 2011 June 30, 2012
Series II Shares Contractual 1.19% May 2, 2011 June 30, 2012
Invesco Xxx Xxxxxx V.I.
Growth and Income Fund*
Series I Shares Contractual 0.62% February 12, 2010 June 30, 2012
Series II Shares Contractual 0.87% February 12, 2010 June 30, 2012
Invesco Xxx Xxxxxx V.I.
Mid Cap Growth Fund*
Series I Shares Contractual 1.01% February 12, 2010 June 30, 2012
Series II Shares Contractual 1.26% February 12, 2010 June 30, 2012
Invesco Xxx Xxxxxx V.I.
Mid Cap Value Fund*
Series I Shares Contractual 1.18%(2) February 12, 2010 June 30, 2012
Series II Shares Contractual 1.28% February 12, 2010 June 30, 2012
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(2) The expense limit shown is the expense limit after Rule 12b-1 fee waivers
by Invesco Distributors, Inc.
18
as of June 6, 2011
EXHIBIT "D" - CLOSED-END FUNDS(1)
INVESCO CALIFORNIA INSURED MUNICIPAL INCOME TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------ ----------- ----------- ----------------- ------------------
Invesco California Insured Contractual 0.67% June 1, 2010 June 30, 2012
Municipal Income Trust
INVESCO CALIFORNIA QUALITY MUNICIPAL SECURITIES
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------ ----------- ----------- ----------------- ------------------
Invesco California Quality Contractual 0.70% June 1, 2010 June 30, 2012
Municipal Securities
INVESCO HIGH YIELD FUND, INC.
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
----------------------------------------- ------------ ----------- ----------------- ------------------
Invesco High Yield Investment Funds, Inc. Contractual 0.98% June 1, 2010 June 30, 2012
INVESCO INSURED CALIFORNIA MUNICIPAL SECURITIES
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
----------------------------------------- ------------ ----------- ----------------- ------------------
Invesco Insured California Contractual 0.70% June 1, 2010 June 30, 2012
Municipal Securities
INVESCO INSURED MUNICIPAL BOND TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
----------------------------------------- ------------ ----------- ----------------- ------------------
Invesco Insured Municipal Bond Trust Contractual 1.00% June 1, 2010 June 30, 2012
INVESCO INSURED MUNICIPAL INCOME TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
----------------------------------------- ------------ ----------- ----------------- ------------------
Invesco Insured Municipal Income Trust Contractual 0.64% June 1, 2010 June 30, 2012
INVESCO INSURED MUNICIPAL SECURITIES
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
----------------------------------------- ------------ ----------- ----------------- ------------------
Invesco Insured Municipal Securities Contractual 0.54% June 1, 2010 June 30, 2012
19
as of June 6, 2011
INVESCO INSURED MUNICIPAL TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
----------------------------------------- ------------ ----------- ----------------- ------------------
Invesco Insured Municipal Trust Contractual 0.66% June 1, 2010 June 30, 2012
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
----------------------------------------- ------------ ----------- ----------------- ------------------
Invesco Municipal Income Opportunities Trust Contractual 0.73% June 1, 2010 June 30, 2012
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST II
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
----------------------------------------- ------------ ----------- ----------------- ------------------
Invesco Municipal Income Contractual 0.73% June 1, 2010 June 30, 2012
Opportunities Trust II
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST III
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
----------------------------------------- ------------ ----------- ----------------- ------------------
Invesco Municipal Income Contractual 0.84% June 1, 2010 June 30, 2012
Opportunities Trust III
INVESCO MUNICIPAL PREMIUM INCOME TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
----------------------------------------- ------------ ----------- ----------------- ------------------
Invesco Municipal Premium Income Trust Contractual 1.03% June 1, 2010 June 30, 2012
INVESCO NEW YORK QUALITY MUNICIPAL SECURITIES
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
----------------------------------------- ------------ ----------- ----------------- ------------------
Invesco New York Quality Municipal Securities Contractual 0.80% June 1, 2010 June 30, 2012
INVESCO PRIME INCOME TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
----------------------------------------- ------------ ----------- ----------------- ------------------
Invesco Prime Income Trust Contractual 1.32% June 1, 2010 June 30, 2012
20
as of June 6, 2011
INVESCO QUALITY MUNICIPAL INCOME TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
----------------------------------------- ------------ ----------- ----------------- ------------------
Invesco Quality Municipal Income Trust Contractual 0.70% June 1, 2010 June 30, 2012
INVESCO QUALITY MUNICIPAL INVESTMENT TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
----------------------------------------- ------------ ----------- ----------------- ------------------
Invesco Quality Municipal Investment Trust Contractual 0.70% June 1, 2010 June 30, 2012
INVESCO QUALITY MUNICIPAL SECURITIES
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
----------------------------------------- ------------ ----------- ----------------- ------------------
Invesco Quality Municipal Securities Contractual 0.66% June 1, 2010 June 30, 2012
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(1) The total operating expenses of any class of shares established after the
date of this Memorandum of Agreement will be limited to the amount
established for Class A Shares plus the difference between the new class
12b-1 rate and the Class A 12b-1 rate.
21
