AMENDMENT NO. 16 TO MASTER INVESTMENT ADVISORY AGREEMENT
Sub-Item 77 Q1 (e)
AMENDMENT NO. 16
TO
MASTER INVESTMENT ADVISORY AGREEMENT
This Amendment dated as of May 23, 2011, amends the Master Investment
Advisory Agreement (the "Agreement") dated June 21, 2000, between AIM Equity
Funds, a Delaware statutory trust, and Invesco Advisers, Inc., a Delaware
corporation.
W I T N E S S E T H:
WHEREAS, the parties desire to amend the Agreement to (i) reduce permanently the
advisory fee payable by Invesco Charter Fund, effective May 23, 2011, and (ii)
remove the following series portfolios: Invesco Large Cap Basic Value Fund and
Invesco Large Cap Growth Fund;
NOW, THEREFORE, the parties agree that:
1. Appendix A and Appendix B to the Agreement are hereby deleted in their
entirety and replaced with the following:
"APPENDIX A
FUNDS AND EFFECTIVE DATES
EFFECTIVE DATE OF
NAME OF FUND ADVISORY AGREEMENT
--------------------------------- -------------------------
Invesco Capital Development Fund June 1, 2000
Invesco Charter Fund June 1, 2000
Invesco Constellation Fund June 1, 2000
Invesco Disciplined Equity Fund July 14, 2009
Invesco Diversified Dividend Fund December 28, 0000
Xxxxxxx Xxxxxx Fund April 30, 0000
XXXXXXXX X
COMPENSATION TO THE ADVISOR
The Trust shall pay the Advisor, out of the assets of a Fund, as full
compensation for all services rendered, an advisory fee for such Fund set forth
below. Such fee shall be calculated by applying the following annual rates to
the average daily net assets of such Fund for the calendar year computed in the
manner used for the determination of the net asset value of shares of such Fund.
INVESCO CAPITAL DEVELOPMENT FUND
NET ASSETS ANNUAL RATE
----------------- -----------
First $350 million 0.75%
Over $350 million 0.625%
INVESCO CHARTER FUND
NET ASSETS ANNUAL RATE
----------------- -----------
First $250 million 0.695%
Next $4.05 billion 0.615%
Next $3.9 billion 0.57%
Next $1.8 billion 0.545%
Over $10 billion 0.52%
INVESCO CONSTELLATION FUND
NET ASSETS ANNUAL RATE
----------------- -----------
First $150 million 0.80%
Over $150 million 0.625%
INVESCO DISCIPLINED EQUITY FUND
NET ASSETS ANNUAL RATE
----------------- -----------
First $250 million 0.695%
Next $250 million 0.67%
Next $500 million 0.645%
Next $1.5 billion 0.62%
Next $2.5 billion 0.595%
Next $2.5 billion 0.57%
Next $2.5 billion 0.545%
Over $10 billion 0.52%
2
INVESCO DIVERSIFIED DIVIDEND FUND
NET ASSETS ANNUAL RATE
----------------- -----------
First $350 million 0.60%
Next $350 million 0.55%
Next $1.3 billion 0.50%
Next $2 billion 0.45%
Next $2 billion 0.40%
Next $2 billion 0.375%
Over $8 billion 0.35%
INVESCO SUMMIT FUND
NET ASSETS ANNUAL RATE
----------------- -----------
First $10 million 1.00%
Over $10 million up to and including $150 million 0.75%
Over $150 million 0.625%"
2. In all other respects, the Agreement is hereby confirmed and remains in
full force and effect.
3
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed
by their respective officers on the date first written above.
AIM EQUITY FUNDS
(INVESCO EQUITY FUNDS)
Attest: /s/ Xxxxxxx X. Xxxxx By: /s/ Xxxx X. Xxxx
------------------------ ----------------------------
Assistant Secretary Xxxx X. Xxxx
Senior Vice President
(SEAL)
INVESCO ADVISERS, INC.
Attest: /s/ Xxxxxxx X. Xxxxx By: /s/ Xxxx X. Xxxx
------------------------ ----------------------------
Assistant Secretary Xxxx X. Xxxx
Senior Vice President
(SEAL)
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