MEMORANDUM OF AGREEMENT (Expense Limitations)

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, including litigation expenses;; 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. 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

as of December 13, 2011

EXHIBIT “A” — RETAIL FUNDS¹

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	Contractual		0.85	%	February 12, 2010	June 30, 2012
Class B Shares	Contractual		1.35	%	February 12, 2010	June 30, 2012
Class C Shares	Contractual		1.35	%	February 12, 2010	June 30, 2012
Class Y Shares	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 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, 2012
Class C Shares	Contractual		2.00	%	April 14, 2006	December 31, 2012
Class R Shares	Contractual		1.75	%	April 14, 2006	December 31, 2012
Class Y Shares	Contractual		1.25	%	October 3, 2008	December 31, 2012
Institutional Class Shares	Contractual		1.25	%	April 14, 2006	December 31, 2012

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 Global Real Estate Income Fund
Class A Shares	Contractual		2.00	%	July 1, 2009	December 31, 2012
Class B Shares	Contractual		2.75	%	July 1, 2009	December 31, 2012
Class C Shares	Contractual		2.75	%	July 1, 2009	December 31, 2012
Class Y Shares	Contractual		1.75	%	July 1, 2009	December 31, 2012
Institutional Class Shares	Contractual		1.75	%	July 1, 2009	December 31, 2012
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

Invesco Xxx Xxxxxx American Franchise Fund	Contractual		1.05	%	May 23, 2011	June 30, 2013
Class A Shares	Contractual		1.22	%⁸	May 23, 2011	June 30, 2013
Class B Shares	Contractual		1.80	%	May 23, 2011	June 30, 2013
Class C Shares	Contractual		1.30	%	May 23, 2011	June 30, 2013
Class R Shares	Contractual		0.80	%	May 23, 2011	June 30, 2013
Class Y Shares	Contractual		0.80	%	May 23, 2011	June 30, 2013
Institutional Class Shares

See page 14 for footnotes to Exhibit A.

as of December 13, 2011


	Contractual/	Expense			Effective Date of	Expiration
Fund	Voluntary	Limitation			Current Limit	Date
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	%⁸	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, 2013
Class B Shares	Contractual		2.75	%	July 1, 2009	February 28, 2013
Class C Shares	Contractual		2.75	%	July 1, 2009	February 28, 2013
Class R Shares	Contractual		2.25	%	July 1, 2009	February 28, 2013
Class Y Shares	Contractual		1.75	%	July 1, 2009	February 28, 2013
Investor Class Shares	Contractual		2.00	%	July 1, 2009	February 28, 2013
Institutional Class Shares	Contractual		1.75	%	July 1, 2009	February 28, 2013
Invesco Charter Fund
Class A Shares	Contractual		2.00	%	July 1, 2009	February 28, 2013
Class B Shares	Contractual		2.75	%	July 1, 2009	February 28, 2013
Class C Shares	Contractual		2.75	%	July 1, 2009	February 28, 2013
Class R Shares	Contractual		2.25	%	July 1, 2009	February 28, 2013
Class S Shares	Contractual		1.90	%	September 25, 2009	February 28, 2013
Class Y Shares	Contractual		1.75	%	July 1, 2009	February 28, 2013
Institutional Class Shares	Contractual		1.75	%	July 1, 2009	February 28, 2013
Invesco Constellation Fund
Class A Shares	Contractual		2.00	%	July 1, 2009	February 28, 2013
Class B Shares	Contractual		2.75	%	July 1, 2009	February 28, 2013
Class C Shares	Contractual		2.75	%	July 1, 2009	February 28, 2013
Class R Shares	Contractual		2.25	%	July 1, 2009	February 28, 2013
Class Y Shares	Contractual		1.75	%	July 1, 2009	February 28, 2013
Institutional Class Shares	Contractual		1.75	%	July 1, 2009	February 28, 2013

See page 14 for footnotes to Exhibit A.

as of December 13, 2011


	Contractual/	Expense			Effective Date of	Expiration
Fund	Voluntary	Limitation			Current Limit	Date
Invesco Disciplined Equity Fund
Class Y Shares	Contractual		1.75	%	July 14, 2009	February 28, 2013
Invesco Diversified Dividend Fund
Class A Shares	Contractual		0.95	%	July 18, 2011	June 30, 2013
Class B Shares	Contractual		1.70	%	July 18, 2011	June 30, 2013
Class C Shares	Contractual		1.70	%	July 18, 2011	June 30, 2013
Class R Shares	Contractual		1.20	%	July 18, 2011	June 30, 2013
Class Y Shares	Contractual		0.70	%	July 18, 2011	June 30, 2013
Investor Class Shares	Contractual		0.95	%	July 18, 2011	June 30, 2013
Institutional Class Shares	Contractual		0.70	%	July 18, 2011	June 30, 0000
Xxxxxxx Xxxxxx Fund
Class A Shares	Contractual		2.00	%	July 1, 2009	February 28, 2013
Class B Shares	Contractual		2.75	%	July 1, 2009	February 28, 2013
Class C Shares	Contractual		2.75	%	July 1, 2009	February 28, 2013
Class P Shares	Contractual		1.85	%	July 1, 2009	February 28, 2013
Class S Shares	Contractual		1.90	%	September 25, 2009	February 28, 2013
Class Y Shares	Contractual		1.75	%	July 1, 2009	February 28, 2013
Institutional Class Shares	Contractual		1.75	%	July 1, 2009	February 28, 2013

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, 2013
Class B Shares	Contractual		3.00	%	July 1, 2009	April 30, 2013
Class C Shares	Contractual		3.00	%	July 1, 2009	April 30, 2013
Class Y Shares	Contractual		2.00	%	July 1, 2009	April 30, 2013
Invesco Global Core Equity Fund
Class A Shares	Contractual		1.25	%	May 23, 2011	June 30, 2013
Class B Shares	Contractual		1.52	%⁸	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, 2013
Class B Shares	Contractual		3.00	%	July 1, 2009	April 30, 2013
Class C Shares	Contractual		3.00	%	July 1, 2009	April 30, 2013
Class Y Shares	Contractual		2.00	%	July 1, 2009	April 30, 2013
Institutional Class Shares	Contractual		2.00	%	July 1, 2009	April 30, 2013

Invesco Small Cap Equity Fund
Class A Shares	Contractual		2.00	%	July 1, 2009	April 30, 2013
Class B Shares	Contractual		2.75	%	July 1, 2009	April 30, 2013
Class C Shares	Contractual		2.75	%	July 1, 2009	April 30, 2013
Class R Shares	Contractual		2.25	%	July 1, 2009	April 30, 2013
Class Y Shares	Contractual		1.75	%	July 1, 2009	April 30, 2013
Institutional Class Shares	Contractual		1.75	%	July 1, 2009	April 30, 2013

See page 14 for footnotes to Exhibit A.

as of December 13, 2011

AIM Growth Series (Invesco Growth Series)


	Contractual/	Expense			Effective Date of	Expiration
Fund	Voluntary	Limitation			Current Limit	Date
Invesco Balanced-Risk Retirement 2020 Fund²
Class A Shares	Contractual		0.25	%	November 4, 2009	April 30, 2013
Class A5 Shares	Contractual		0.25	%	February 12, 2010	April 30, 2013
Class B Shares	Contractual		1.00	%	November 4, 2009	April 30, 2013
Class C Shares	Contractual		1.00	%	November 4, 2009	April 30, 2013
Class C5 Shares	Contractual		1.00	%	February 12, 2010	April 30, 2013
Class R Shares	Contractual		0.50	%	November 4, 2009	April 30, 2013
Class R5 Shares	Contractual		0.50	%	February 12, 2010	April 30, 2013
Class Y Shares	Contractual		0.00	%	November 4, 2009	April 30, 2013
Institutional Class Shares	Contractual		0.00	%	November 4, 2009	April 30, 2013

Invesco Balanced-Risk Retirement 2030 Fund³
Class A Shares	Contractual		0.25	%	November 4, 2009	April 30, 2013
Class A5 Shares	Contractual		0.25	%	February 12, 2010	April 30, 2013
Class B Shares	Contractual		1.00	%	November 4, 2009	April 30, 2013
Class C Shares	Contractual		1.00	%	November 4, 2009	April 30, 2013
Class C5 Shares	Contractual		1.00	%	February 12, 2010	April 30, 2013
Class R Shares	Contractual		0.50	%	November 4, 2009	April 30, 2013
Class R5 Shares	Contractual		0.50	%	February 12, 2010	April 30, 2013
Class Y Shares	Contractual		0.00	%	November 4, 2009	April 30, 2013
Institutional Class Shares	Contractual		0.00	%	November 4, 2009	April 30, 2013

Invesco Balanced-Risk Retirement 2040 Fund⁴
Class A Shares	Contractual		0.25	%	November 4, 2009	April 30, 2013
Class A5 Shares	Contractual		0.25	%	February 12, 2010	April 30, 2013
Class B Shares	Contractual		1.00	%	November 4, 2009	April 30, 2013
Class C Shares	Contractual		1.00	%	November 4, 2009	April 30, 2013
Class C5 Shares	Contractual		1.00	%	February 12, 2010	April 30, 2013
Class R Shares	Contractual		0.50	%	November 4, 2009	April 30, 2013
Class R5 Shares	Contractual		0.50	%	February 12, 2010	April 30, 2013
Class Y Shares	Contractual		0.00	%	November 4, 2009	April 30, 2013
Institutional Class Shares	Contractual		0.00	%	November 4, 2009	April 30, 2013

Invesco Balanced-Risk Retirement 2050 Fund⁵
Class A Shares	Contractual		0.25	%	November 4, 2009	April 30, 2013
Class A5 Shares	Contractual		0.25	%	February 12, 2010	April 30, 2013
Class B Shares	Contractual		1.00	%	November 4, 2009	April 30, 2013
Class C Shares	Contractual		1.00	%	November 4, 2009	April 30, 2013
Class C5 Shares	Contractual		1.00	%	February 12, 2010	April 30, 2013
Class R Shares	Contractual		0.50	%	November 4, 2009	April 30, 2013
Class R5 Shares	Contractual		0.50	%	February 12, 2010	April 30, 2013
Class Y Shares	Contractual		0.00	%	November 4, 2009	April 30, 2013
Institutional Class Shares	Contractual		0.00	%	November 4, 2009	April 30, 2013

Invesco Balanced-Risk Retirement Now Fund⁶
Class A Shares	Contractual		0.25	%	November 4, 2009	April 30, 2013
Class A5 Shares	Contractual		0.25	%	February 12, 2010	April 30, 2013
Class B Shares	Contractual		1.00	%	November 4, 2009	April 30, 2013
Class C Shares	Contractual		1.00	%	November 4, 2009	April 30, 2013
Class C5 Shares	Contractual		1.00	%	February 12, 2010	April 30, 2013
Class R Shares	Contractual		0.50	%	November 4, 2009	April 30, 2013
Class R5 Shares	Contractual		0.50	%	February 12, 2010	April 30, 2013
Class Y Shares	Contractual		0.00	%	November 4, 2009	April 30, 2013
Institutional Class Shares	Contractual		0.00	%	November 4, 2009	April 30, 2013

See page 14 for footnotes to Exhibit A.

as of December 13, 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, 2013
Class B Shares	Contractual		3.00	%	July 1, 2009	April 30, 2013
Class C Shares	Contractual		3.00	%	July 1, 2009	April 30, 2013
Class R Shares	Contractual		2.50	%	July 1, 2009	April 30, 2013
Class Y Shares	Contractual		2.00	%	July 1, 2009	April 30, 2013
Institutional Class Shares	Contractual		2.00	%	July 1, 2009	April 30, 2013
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		0.25	%	May 1, 2012	April 30, 2013
Class B Shares	Contractual		1.00	%	May 1, 2012	April 30, 2013
Class C Shares	Contractual		1.00	%	May 1, 2012	April 30, 2013
Class R Shares	Contractual		0.50	%	May 1, 2012	April 30, 2013
Class Y Shares	Contractual		0.00	%	May 1, 2012	April 30, 2013
Institutional Class Shares	Contractual		0.00	%	May 1, 2012	April 30, 2013

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, 2013
Class B Shares	Contractual		2.75	%	July 1, 2009	April 30, 2013
Class C Shares	Contractual		2.75	%	July 1, 2009	April 30, 2013
Class R Shares	Contractual		2.25	%	July 1, 2009	April 30, 2013
Class Y Shares	Contractual		1.75	%	July 1, 2009	April 30, 2013
Institutional Class Shares	Contractual		1.75	%	July 1, 2009	April 30, 2013
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	Contractual		0.39	%	July 1, 2009	June 30, 2012
Class B Shares	Contractual		1.14	%	July 1, 2009	June 30, 2012
Class C Shares	Contractual		1.14	%	July 1, 2009	June 30, 2012
Class R Shares	Contractual		0.64	%	July 1, 2009	June 30, 2012
Class S Shares	Contractual		0.29	%	June 6, 2011	June 30, 2012
Class Y Shares	Contractual		0.14	%	July 1, 2009	June 30, 2012
Institutional Class Shares	Contractual		0.14	%	July 1, 2009	June 30, 2012

See page 14 for footnotes to Exhibit A.

as of December 13, 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, 2013
Class B Shares	Contractual		2.75	%	July 1, 2009	April 30, 2013
Class C Shares	Contractual		2.75	%	July 1, 2009	April 30, 2013
Class R Shares	Contractual		2.25	%	July 1, 2009	April 30, 2013
Class Y Shares	Contractual		1.75	%	July 1, 2009	April 30, 2013
Investor Class Shares	Contractual		2.00	%	July 1, 2009	April 30, 2013
Institutional Class Shares	Contractual		1.75	%	July 1, 2009	April 30, 2013

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, 2013
Class B Shares	Contractual		3.00	%	July 1, 2009	February 28, 2013
Class C Shares	Contractual		3.00	%	July 1, 2009	February 28, 2013
Class Y Shares	Contractual		2.00	%	July 1, 2009	February 28, 2013
Invesco European Growth Fund
Class A Shares	Contractual		2.25	%	July 1, 2009	February 28, 2013
Class B Shares	Contractual		3.00	%	July 1, 2009	February 28, 2013
Class C Shares	Contractual		3.00	%	July 1, 2009	February 28, 2013
Class R Shares	Contractual		2.50	%	July 1, 2009	February 28, 2013
Class Y Shares	Contractual		2.00	%	July 1, 2009	February 28, 2013
Investor Class Shares	Contractual		2.25	%	July 1, 2009	February 28, 2013
Invesco Global Growth Fund
Class A Shares	Contractual		1.32	%	December 19, 2011	December 31, 2012
Class B Shares	Contractual		2.07	%	December 19, 2011	December 31, 2012
Class C Shares	Contractual		2.07	%	December 19, 2011	December 31, 2012
Class Y Shares	Contractual		1.07	%	December 19, 2011	December 31, 2012
Institutional Class Shares	Contractual		1.07	%	December 19, 2011	December 31, 2012
Invesco Global Small & Mid Cap Growth Fund
Class A Shares	Contractual		2.25	%	July 1, 2009	February 28, 2013
Class B Shares	Contractual		3.00	%	July 1, 2009	February 28, 2013
Class C Shares	Contractual		3.00	%	July 1, 2009	February 28, 2013
Class Y Shares	Contractual		2.00	%	July 1, 2009	February 28, 2013
Institutional Class Shares	Contractual		2.00	%	July 1, 2009	February 28, 2013
Invesco International Core Equity Fund
Class A Shares	Contractual		2.25	%	July 1, 2009	February 28, 2013
Class B Shares	Contractual		3.00	%	July 1, 2009	February 28, 2013
Class C Shares	Contractual		3.00	%	July 1, 2009	February 28, 2013
Class R Shares	Contractual		2.50	%	July 1, 2009	February 28, 2013
Class Y Shares	Contractual		2.00	%	July 1, 2009	February 28, 2013
Investor Class Shares	Contractual		2.25	%	July 1, 2009	February 28, 2013
Institutional Class Shares	Contractual		2.00	%	July 1, 2009	February 28, 2013

See page 14 for footnotes to Exhibit A.

as of December 13, 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 Fund⁷
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 Fund¹⁰
Class A Shares	Contractual		1.22	%	November 29, 2010	February 28, 2013
Class B Shares	Contractual		1.97	%	November 29, 2010	February 28, 2013
Class C Shares	Contractual		1.97	%	November 29, 2010	February 28, 2013
Class R Shares	Contractual		1.47	%	November 29, 2010	February 28, 2013
Class Y Shares	Contractual		0.97	%	November 29, 2010	February 28, 2013
Institutional Class Shares	Contractual		0.97	%	November 29, 2010	February 28, 2013
Invesco China Fund
Class A Shares	Contractual		2.25	%	July 1, 2009	February 28, 2013
Class B Shares	Contractual		3.00	%	July 1, 2009	February 28, 2013
Class C Shares	Contractual		3.00	%	July 1, 2009	February 28, 2013
Class Y Shares	Contractual		2.00	%	July 1, 2009	February 28, 2013
Institutional Class Shares	Contractual		2.00	%	July 1, 2009	February 28, 2013
Invesco Commodities Strategy Fund¹¹
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	February 28, 2013
Class C Shares	Contractual		2.60	%	May 11, 2011	February 28, 2013
Class R Shares	Contractual		2.10	%	May 11, 2011	February 28, 2013
Class Y Shares	Contractual		1.60	%	May 11, 2011	February 28, 2013
Institutional Class Shares	Contractual		1.60	%	May 11, 2011	February 28, 2013
Invesco Emerging Market Local Currency Debt Fund
Class A Shares	Contractual		1.24	%	June 14, 2010	February 28, 2013
Class B Shares	Contractual		1.99	%	June 14, 2010	February 28, 2013
Class C Shares	Contractual		1.99	%	June 14, 2010	February 28, 2013
Class R Shares	Contractual		1.49	%	June 14, 2010	February 28, 2013
Class Y Shares	Contractual		0.99	%	June 14, 2010	February 28, 2013
Institutional Class Shares	Contractual		0.99	%	June 14, 2010	February 28, 2013

See page 14 for footnotes to Exhibit A.

as of December 13, 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, 2013

Class B Shares

Contractual

2.75

July 1, 2009

February 28, 2013

Class C Shares

Contractual

2.75

July 1, 2009

February 28, 2013

Class R Shares

Contractual

2.25

July 1, 2009

February 28, 2013

Class Y Shares

Contractual

1.75

July 1, 2009

February 28, 2013

Institutional Class Shares

Contractual

1.75

July 1, 2009

February 28, 2013

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, 2013

Class B Shares

Contractual

1.85

March 31, 2006

February 28, 2013

Class C Shares

Contractual

1.85

March 31, 2006

February 28, 2013

Class Y Shares

Contractual

0.85

October 3, 2008

February 28, 2013

Institutional Class Shares

Contractual

0.85

March 31, 2006

February 28, 2013

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 Premium Income Fund

Class A Shares

Contractual

0.89

December 13, 2011

February 28, 2013

Class C Shares

Contractual

1.64

December 13, 2011

February 28, 2013

Class R Shares

Contractual

1.14

December 13, 2011

February 28, 2013

Class Y Shares

Contractual

0.64

December 13, 2011

February 28, 2013

Institutional Class Shares

Contractual

0.64

December 13, 2011

February 28, 2013

Invesco Small Companies Fund

Class A Shares

Contractual

2.00

July 1, 2009

February 28, 2013

Class B Shares

Contractual

2.75

July 1, 2009

February 28, 2013

Class C Shares

Contractual

2.75

July 1, 2009

February 28, 2013

Class R Shares

Contractual

2.25

July 1, 2009

February 28, 2013

Class Y Shares

Contractual

1.75

July 1, 2009

February 28, 2013

Institutional Class Shares

Contractual

1.75

July 1, 2009

February 28, 2013

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, 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 Y Shares	Contractual		1.75	%	July 1, 2009	June 30, 2012
Investor Class Shares	Contractual		2.00	%	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.

as of December 13, 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, 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 Y Shares	Contractual		1.75	%	July 1, 2009	June 30, 2012
Institutional Class Shares	Contractual		1.75	%	July 1, 2009	June 30, 2012

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		0.70	%	July 1, 2011	June 30, 2012
Class B Shares	Contractual		1.45	%	July 1, 2011	June 30, 2012
Class C Shares	Contractual		1.45	%	July 1, 2011	June 30, 2012
Class Y Shares	Contractual		0.45	%	July 1, 2011	June 30, 2012
Investor Class Shares	Contractual		0.70	%	July 1, 2011	June 30, 2012

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	%⁸	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	%⁸	June 6, 2011	June 30, 2012
Class C Shares	Contractual		1.65	%⁸	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.

as of December 13, 2011


	Contractual/	Expense			Effective Date of	Expiration
Fund	Voluntary	Limitation			Current Limit	Date
Invesco Energy Fund
Class A Shares	Contractual		2.00	%	July 1, 2009	August 31, 2012
Class B Shares	Contractual		2.75	%	July 1, 2009	August 31, 2012
Class C Shares	Contractual		2.75	%	July 1, 2009	August 31, 2012
Class Y Shares	Contractual		1.75	%	July 1, 2009	August 31, 2012
Investor Class Shares	Contractual		2.00	%	July 1, 2009	August 31, 2012
Institutional Class Shares	Contractual		1.75	%	July 1, 2009	August 31, 2012
Invesco Gold & Precious Metals Fund	Contractual		2.00	%	July 1, 2009	August 31, 2012
Class A Shares	Contractual		2.75	%	July 1, 2009	August 31, 2012
Class B Shares	Contractual		2.75	%	July 1, 2009	August 31, 2012
Class C Shares	Contractual		1.75	%	July 1, 2009	August 31, 2012
Class Y Shares	Contractual		2.00	%	July 1, 2009	August 31, 2012
Investor Class Shares
Invesco Leisure Fund
Class A Shares	Contractual		2.00	%	July 1, 2009	August 31, 2012
Class B Shares	Contractual		2.75	%	July 1, 2009	August 31, 2012
Class C Shares	Contractual		2.75	%	July 1, 2009	August 31, 2012
Class R Shares	Contractual		2.25	%	July 1, 2009	August 31, 2012
Class Y Shares	Contractual		1.75	%	July 1, 2009	August 31, 2012
Investor Class Shares	Contractual		2.00	%	July 1, 2009	August 31, 2012

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	%⁸	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.

as of December 13, 2011


	Contractual/	Expense			Effective Date of	Expiration
Fund	Voluntary	Limitation			Current Limit	Date
Invesco Xxx Xxxxxx Xxxxxxxx Fund
Class A Shares	Contractual		0.89	%	February 12, 2010	June 30, 2012
Class B Shares	Contractual		1.64	%	February 12, 2010	June 30, 2012
Class C Shares	Contractual		1.64	%	February 12, 2010	June 30, 2012
Class R Shares	Contractual		1.14	%	February 12, 2010	June 30, 2012
Class Y Shares	Contractual		0.64	%	February 12, 2010	June 30, 2012
Institutional Class Shares	Contractual		0.64	%	February 12, 2010	June 30, 2012

Invesco Xxx Xxxxxx Mid Cap Growth Fund
Class A Shares	Contractual		1.40	%	February 12, 2010	June 30, 2012
Class B Shares	Contractual		2.15	%	February 12, 2010	June 30, 2012
Class C Shares	Contractual		2.15	%	February 12, 2010	June 30, 2012
Class R Shares	Contractual		1.65	%	February 12, 2010	June 30, 2012
Class Y Shares	Contractual		1.15	%	February 12, 2010	June 30, 2012
Institutional Class Shares	Contractual		1.15	%	February 12, 2010	June 30, 2012

Invesco Xxx Xxxxxx Small Cap Value Fund
Class A Shares	Contractual		1.03	%	May 23, 2011	June 30, 2012
Class B Shares	Contractual		1.40	%⁸	May 23, 2011	June 30, 2012
Class C Shares	Contractual		1.78	%	May 23, 2011	June 30, 2012
Class Y Shares	Contractual		0.78	%	May 23, 2011	June 30, 2012

Xxx Xxxxxx Value Opportunities 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 R Shares	Contractual		1.66	%	May 23, 2011	June 30, 2012
Class Y Shares	Contractual		1.16	%	February 12, 2010	June 30, 2012
Institutional Class Shares	Contractual		1.16	%	May 23, 2011	June 30, 2012

AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds)


	Contractual/	Expense			Effective Date of	Expiration
Fund	Voluntary	Limitation			Current Limit	Date
Invesco High Income Municipal Fund
Class A Shares	Voluntary		0.85	%	July 1, 2011	N/A⁹
Class B Shares	Voluntary		1.60	%	July 1, 2011	N/A⁹
Class C Shares	Voluntary		1.60	%	July 1, 2011	N/A⁹
Class Y Shares	Voluntary		0.60	%	July 1, 2011	N/A⁹
Institutional Class Shares	Voluntary		0.60	%	July 1, 2011	N/A⁹

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.

as of December 13, 2011


	Contractual/	Expense			Effective Date of	Expiration
Fund	Voluntary	Limitation			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		Following the 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.

³		Following the 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.

⁴		Following the 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.

⁵		Following the 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.

⁶		Following the 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.

⁷		Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund I, Ltd.

⁸		The expense limit shown is the expense limit after Rule 12b-1 fee waivers by Invesco Distributors, Inc.

⁹		Invesco may establish, amend or terminate voluntary waivers at any time in its sole discretion after consultation with the Trust.

¹⁰		Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund III, Ltd.

¹¹		Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund II, Ltd.

as of December 13, 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, 2012

Corporate Class

Contractual

0.17

July 1, 2009

December 31, 2012

Institutional Class

Contractual

0.14

July 1, 2009

December 31, 2012

Personal Investment Class

Contractual

0.69

%²

July 1, 2009

December 31, 2012

Private Investment Class

Contractual

0.44

%²

July 1, 2009

December 31, 2012

Reserve Class

Contractual

1.01

%²

July 1, 2009

December 31, 2012

Resource Class

Contractual

0.30

%²

July 1, 2009

December 31, 2012

Government TaxAdvantage Portfolio

Cash Management Class

Contractual

0.22

%²

July 1, 2009

December 31, 2012

Corporate Class

Contractual

0.17

July 1, 2009

December 31, 2012

Institutional Class

Contractual

0.14

July 1, 2009

December 31, 2012

Personal Investment Class

Contractual

0.69

%²

July 1, 2009

December 31, 2012

Private Investment Class

Contractual

0.39

%²

July 1, 2009

December 31, 2012

Reserve Class

Contractual

1.01

%²

July 1, 2009

December 31, 2012

Resource Class

Contractual

0.30

%²

July 1, 2009

December 31, 2012

Liquid Assets Portfolio

Cash Management Class

Contractual

0.22

%²

July 1, 2009

December 31, 2012

Corporate Class

Contractual

0.17

July 1, 2009

December 31, 2012

Institutional Class

Contractual

0.14

July 1, 2009

December 31, 2012

Personal Investment Class

Contractual

0.69

%²

July 1, 2009

December 31, 2012

Private Investment Class

Contractual

0.44

%²

July 1, 2009

December 31, 2012

Reserve Class

Contractual

1.01

%²

July 1, 2009

December 31, 2012

Resource Class

Contractual

0.34

July 1, 2009

December 31, 2012

STIC Prime Portfolio

Cash Management Class

Contractual

0.22

%²

July 1, 2009

December 31, 2012

Corporate Class

Contractual

0.17

July 1, 2009

December 31, 2012

Institutional Class

Contractual

0.14

July 1, 2009

December 31, 2012

Personal Investment Class

Contractual

0.69

%²

July 1, 2009

December 31, 2012

Private Investment Class

Contractual

0.44

%²

July 1, 2009

December 31, 2012

Reserve Class

Contractual

1.01

%²

July 1, 2009

December 31, 2012

Resource Class

Contractual

0.30

%²

July 1, 2009

December 31, 2012

Tax-Free Cash Reserve Portfolio³

Cash Management Class

Contractual

0.33

%²

July 1, 2009

December 31, 2012

Corporate Class

Contractual

0.28

July 1, 2009

December 31, 2012

Institutional Class

Contractual

0.25

July 1, 2009

December 31, 2012

Personal Investment Class

Contractual

0.80

%²

July 1, 2009

December 31, 2012

Private Investment Class

Contractual

0.50

%²

July 1, 2009

December 31, 2012

Reserve Class

Contractual

1.12

%²

July 1, 2009

December 31, 2012

Resource Class

Contractual

0.41

%²

July 1, 2009

December 31, 2012

Treasury Portfolio

Cash Management Class

Contractual

0.22

%²

July 1, 2009

December 31, 2012

Corporate Class

Contractual

0.17

July 1, 2009

December 31, 2012

Institutional Class

Contractual

0.14

July 1, 2009

December 31, 2012

Personal Investment Class

Contractual

0.69

%²

July 1, 2009

December 31, 2012

Private Investment Class

Contractual

0.44

%²

July 1, 2009

December 31, 2012

Reserve Class

Contractual

1.01

%²

July 1, 2009

December 31, 2012

Resource Class

Contractual

0.30

%²

July 1, 2009

December 31, 2012


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.

as of December 13, 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 Fund¹

Series I Shares

Contractual

0.69

January 1, 2012

June 30, 2013

Series II Shares

Contractual

0.94

January 1, 2012

June 30, 2013

Invesco V.I. Basic Value Fund

Series I Shares

Contractual

1.30

January 1, 2005

April 30, 2013

Series II Shares

Contractual

1.45

January 1, 2005

April 30, 2013

Invesco V.I. Capital Appreciation Fund

Series I Shares

Contractual

1.30

January 1, 2005

April 30, 2013

Series II Shares

Contractual

1.45

January 1, 2005

April 30, 2013

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, 2013

Series II Shares

Contractual

1.45

January 1, 2005

April 30, 2013

Invesco V.I. Diversified Income Fund

Series I Shares

Contractual

0.75

July 1, 2005

April 30, 2013

Series II Shares

Contractual

1.00

July 1, 2005

April 30, 2013

Invesco V.I. Dividend Growth Fund

Series I Shares

Contractual

0.77

July 1, 2012

April 30, 2013

Series II Shares

Contractual

1.02

July 1, 2012

April 30, 2013

Invesco V.I. Global Health Care Fund

Series I Shares

Contractual

1.30

April 30, 2004

April 30, 2013

Series II Shares

Contractual

1.45

April 30, 2004

April 30, 2013

Invesco V.I. Global Real Estate Fund

Series I Shares

Contractual

1.30

April 30, 2004

April 30, 2013

Series II Shares

Contractual

1.45

April 30, 2004

April 30, 2013

Invesco V.I. Government Securities Fund

Series I Shares

Contractual

0.70

July 1, 2012

April 30, 2013

Series II Shares

Contractual

0.95

July 1, 2012

April 30, 2013


¹		Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund IV, Ltd.

as of December 13, 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, 2013

Series II Shares

Contractual

1.26

April 30, 2004

April 30, 2013

Invesco V.I. Mid Cap Core Equity Fund

Series I Shares

Contractual

1.30

September 10, 2001

April 30, 2013

Series II Shares

Contractual

1.45

September 10, 2001

April 30, 2013

Invesco V.I. Money Market Fund

Series I Shares

Contractual

1.30

January 1, 2005

April 30, 2013

Series II Shares

Contractual

1.45

January 1, 2005

April 30, 2013

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, 2013

Series II Shares

Contractual

1.40

July 1, 2005

April 30, 2013

Invesco V.I. Technology Fund

Series I Shares

Contractual

1.30

April 30, 2004

April 30, 2013

Series II Shares

Contractual

1.45

April 30, 2004

April 30, 2013

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

0.94

July 1, 2012

April 30, 2013

as of December 13, 2011

Contractual/

Expense

Effective Date of

Expiration

Fund

Voluntary

Limitation

Current Limit

Date

Series II Shares

Contractual

1.19

July 1, 2012

April 30, 2013

Invesco Xxx Xxxxxx V.I. Xxxxxxxx Fund

Series I Shares

Contractual

0.72

July 1, 2012

April 30, 2013

Series II Shares

Contractual

0.97

July 1, 2012

April 30, 2013

Invesco Xxx Xxxxxx V.I. Equity and Income Fund

Series I Shares

Contractual

0.70

February 12, 2010

June 30, 2012

Series II Shares

Contractual

0.75

%²

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

0.72

July 1, 2012

April 30, 2013

Series II Shares

Contractual

0.97

July 1, 2012

April 30, 2013

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

February 12, 2010

June 30, 2012

Series II Shares

Contractual

1.28

%²

February 12, 2010

June 30, 2012


²		The expense limit shown is the expense limit after Rule 12b-1 fee waivers by Invesco Distributors, Inc.

as of December 13, 2011

EXHIBIT “D” — CLOSED-END FUNDS¹

Invesco California Insured Municipal Income Trust

Contractual/

Expense

Effective Date of

Expiration

Fund

Voluntary

Limitation

Current Limit

Date

Invesco California Insured Municipal Income Trust

Contractual

0.67

June 1, 2010

June 30, 0000

Xxxxxxx Xxxxxxxxxx Quality Municipal Securities

Contractual/

Expense

Effective Date of

Expiration

Fund

Voluntary

Limitation

Current Limit

Date

Invesco California Quality Municipal Securities

Contractual

0.70

June 1, 2010

June 30, 2012

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 Municipal Securities

Contractual

0.70

June 1, 2010

June 30, 2012

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

as of December 13, 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 Opportunities Trust II

Contractual

0.73

June 1, 2010

June 30, 2012

Invesco Municipal Income Opportunities Trust III

Contractual/

Expense

Effective Date of

Expiration

Fund

Voluntary

Limitation

Current Limit

Date

Invesco Municipal Income Opportunities Trust III

Contractual

0.84

June 1, 2010

June 30, 2012

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

as of December 13, 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


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.

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MEMORANDUM OF AGREEMENT (Expense Limitations)

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