AMENDMENT TO MASTER CUSTODIAN CONTRACT
THIS AMENDMENT TO MASTER CUSTODIAN CONTRACT is dated as of
September 8, 2004, by and between State Street Bank and Trust Company (the
"Custodian") and each investment company set forth on Appendix A hereto (each
such entity referred to herein as a "Fund," and any series of a Fund,
"Portfolio")..
WHEREAS, the parties hereto are parties to that certain Master
Custodian Contract dated May 1, 2000, as amended (the "Master Custodian
Contract"); and
WHEREAS, the Custodian on the one hand and each Fund on the other
hand desire to amend paragraph 12 to the Master Custodian Contract.
NOW THEREFORE, for and in consideration of the mutual covenants and
agreements hereinafter contained, the Custodian and each Fund on behalf of each
Portfolio, severally and not jointly, hereby agree as follows:
1. (a) Paragraph 12 of the Master Custodian Contract be and it
hereby is modified in its entirety to read as follows:
For all expenses and services performed and to be performed by
Custodian hereunder, each Fund on behalf of its respective
Portfolio(s) as applicable, shall and hereby agrees to pay
Custodian, severally and not jointly, such reasonable
compensation as determined by the parties from time to time.
2. Capitalized terms used but not defined herein shall have the
respective meanings given to them in the Master Custodian Contract.
3. Except as set forth in this Amendment, the Master Custodian
Contract shall remain in full force and effect in accordance with its terms.
IN WITNESS WHEREOF, each of the parties has caused this Amendment to
be executed in its name and behalf by its duly authorized representative as of
the date first above written.
Witnessed By: STATE STREET BANK AND TRUST COMPANY
/s/ Xxxxx X. Xxxxxxxxx /s/ Xxxxxx X. Xxxxxx
_________________________________ By:_______________________________________
Name: Xxxxx X. Xxxxxxxxx Name: Xxxxxx X. Xxxxxx
Title: Associate Counsel Title: Executive Vice President
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AIM EQUITY FUNDS, on behalf of each of its
Portfolios as identified in Appendix A
hereto
AIM FLOATING RATE FUND, on behalf of each
of its Portfolios as identified in Appendix
A hereto
AIM FUNDS GROUP, on behalf of each of its
Portfolios as identified in Appendix A
hereto
AIM GROWTH SERIES, on behalf of each of its
Portfolios as identified in Appendix A
hereto
AIM INTERNATIONAL MUTUAL FUNDS, on behalf
of each of its Portfolios as identified in
Appendix A hereto
AIM INVESTMENT FUNDS, on behalf of each of
its Portfolios as identified in Appendix A
hereto
AIM INVESTMENT SECURITIES FUNDS, on behalf
of each of its Portfolios as identified in
Appendix A hereto
AIM SELECT REAL ESTATE INCOME FUND
AIM SPECIAL OPPORTUNITIES FUNDS, on behalf
of each of its Portfolios as identified in
Appendix A hereto
AIM SUMMIT FUND
AIM VARIABLE INSURANCE FUNDS, on behalf of
each of its Portfolios as identified in
Appendix A hereto
Witnessed By:
/s/ Xxxx X. Xxxx /s/ Xxxxxx X. Xxxxxx
_________________________________ By: _______________________________________
Name: Xxxx X. Xxxx Name: Xxxxxx X. Xxxxxx
Title: Assistant Secretary Title: Chairman and President
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APPENDIX A
AIM EQUITY FUNDS
- AIM Aggressive Growth Fund
- AIM Basic Value II Fund
- AIM Blue Chip Fund
- AIM Capital Development Fund
- AIM Charter Fund
- AIM Constellation Fund
- AIM Core Strategies Fund
- AIM Dent Demographic Trends Fund
- AIM Diversified Dividend Fund
- AIM Emerging Growth Fund
- AIM Large Cap Basic Value Fund
- AIM Large Cap Growth Fund
- AIM Mid Cap Growth Fund
- AIM U.S. Growth Fund
- AIM Xxxxxxxxxx Fund
AIM FLOATING RATE FUND
AIM FUNDS GROUP
- AIM Balanced Fund
- AIM Basic Balanced Fund
- AIM European Small Company Fund
- AIM Global Value Fund
- AIM International Emerging Growth Fund
- AIM Mid Cap Basic Value Fund
- AIM Premier Equity Fund
- AIM Select Equity Fund
- AIM Small Cap Equity Fund
AIM GROWTH SERIES
- AIM Aggressive Allocation Fund
- AIM Basic Value Fund
- AIM Conservative Allocation Fund
- AIM Global Equity Fund
- AIM Mid Cap Core Equity Fund
- AIM Moderate Allocation Fund
- AIM Small Cap Growth Fund
AIM INTERNATIONAL MUTUAL FUNDS
- AIM Asia Pacific Growth Fund
- AIM European Growth Fund
- AIM Global Aggressive Growth Fund
- AIM Global Growth Fund
- AIM International Growth Fund
- INVESCO International Core Equity Fund
AIM INVESTMENT FUNDS
- AIM Developing Markets Fund
- AIM Global Health Care Fund
- AIM Libra Fund
- AIM Trimark Fund
- AIM Trimark Endeavor Fund
- AIM Trimark Small Companies Fund
AIM INVESTMENT SECURITIES FUNDS
- AIM High Yield Fund
- AIM Income Fund
- AIM Intermediate Government Fund
- AIM Real Estate Fund
- AIM Short Term Bond Fund
- AIM Total Return Bond Fund
AIM SELECT REAL ESTATE INCOME FUND
AIM SPECIAL OPPORTUNITIES FUNDS
- AIM Opportunities I Fund
- AIM Opportunities II Fund
- AIM Opportunities III Fund
AIM SUMMIT FUND
AIM VARIABLE INSURANCE FUNDS
- AIM V.I. Aggressive Growth Fund
- AIM V.I. Balanced Fund
- AIM V.I. Basic Value Fund
- AIM V.I. Blue Chip Fund
- AIM V.I. Capital Appreciation Fund
- AIM V.I. Capital Development Fund
- AIM V.I. Core Equity Fund
- AIM V.I. Dent Demographic Trends Fund
- AIM V.I. Diversified Income Fund
- AIM V.I. Government Securities Fund
- AIM V.I. Growth Fund
- AIM V.I. High Yield Fund
- AIM V.I. International Growth Fund
- AIM V.I. Large Cap Growth Fund
- AIM V.I. Mid Cap Core Equity Fund
- AIM V.I. Premier Equity Fund
- AIM V.I. Real Estate Fund
- AIM V.I. Small Cap Equity Fund
- INVESCO VIF-Core Equity Fund
- INVESCO VIF-Dynamics Fund
- INVESCO VIF-Financial Services Fund
- INVESCO VIF-Health Sciences Fund
- INVESCO VIF-Leisure Fund
- INVESCO VIF-Small Company Growth Fund
- INVESCO VIF-Technology Fund
- INVESCO VIF-Total Return Fund
- INVESCO VIF-Utilities Fund
A-1
2004 FEE SCHEDULE TO THE MASTER CUSTODIAN CONTRACT
I. DOMESTIC CUSTODY
Domestic Asset Based Fees
Each Fund shall and hereby agrees, severally and not jointly, to pay to
the Custodian its Pro Rata Share (as defined below) of the Aggregate
Domestic Custody Fee. The Custodian shall xxxx the Aggregate Domestic
Custody Fee at the end of each month. The Aggregate Domestic Custody Fee
for each billing period shall be equal to the fees payable with respect to
the average daily Aggregate Domestic Assets held for such billing period
and shall be calculated based on the following fee schedule:
Aggregate Domestic Assets Annualized Fee
------------------------- --------------
First $ 20 billion 0.95 basis points
Next $ 20 billion 0.75 basis points
Next $ 20 billion 0.67 basis points
Next $ 20 billion 0.30 basis points
Next $ 20 billion 0.20 basis points
Next $ 40 billion 0.15 basis points
Over $ 140 billion 0.10 basis points
The term "Aggregate Domestic Assets" on any day shall mean the value of
the aggregate assets of all AMVESCAP funds maintained by the Custodian in
the United States of America on such day. The term "Pro Rata Share" with
respect to a Fund and a billing period for Aggregate Domestic Custody Fee
means a fraction, the numerator of which is the average daily value of all
assets of such Fund maintained by the Custodian in the United States of
America for the billing period and included in the calculation of
Aggregate Domestic Assets, and the denominator of which is the average
daily Aggregate Domestic Assets held by the Custodian for such billing
period.
Domestic Transaction Based Fees
DTC $ 6.00
Fed Book Entry $ 6.00
Physical Settlements $ 25.00
Maturity collections $ 8.00
In Kind Transfers (DTC) $ 7.00
Paydowns $ 3.00
Third party foreign exchange trades $ 30.00
Non SSC repo (joint or individual) $ 8.00
Fund of Fund Trades $ 5.00
All other trades $ 16.00
Written options $ 20.00
Closed options $ 20.00
Futures transactions - no security movement $ 8.00
Affirmations $ 0.00
Xxxxx Xxxxxx Repo No charge
State Street FX No charge
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II. GLOBAL CUSTODY
Global Asset Based Fees**
GROUP I GROUP II GROUP III GROUP IV GROUP V GROUP VI
------- -------- --------- -------- ------- --------
Canada Austria Argentina Belgium Bahrain Chile
Euroclear Australia Bermuda Botswana Bangladesh Colombia
France Denmark Brazil Kenya Bolivia Ecuador
Germany Finland Bulgaria Mauritius Croatia Greece
Japan Iceland China Mexico Cyprus Hungary
Switzerland Italy Czech Rep Namibia Estonia India
UK Netherlands Egypt Slovak Rep Xxxxx Xxxxxx
X. Xxxxxxx Xxxx Xxxx Xxxxx Xxxxx Ivory Coast Morocco
Puerto Rico Indonesia Swaziland Jamaica
Spain Ireland Turkey Lebanon
Israel Oman
Lithuania Pakistan
Malaysia Peru
Norway Slovenia
Philippines Taiwan
Poland Trin & Tobago
Portugal Tunisia
Romania Ukraine
Russia Uruguay
Singapore Viet Nam
South Africa Venezuela
Sri Lanka Zambia
Sweden Zimbabwe
Thailand
GROUP I GROUP II GROUP III GROUP IV GROUP V GROUP VI
FEE (BPS) FEE (BPS) FEE (BPS) FEE (BPS) FEE (BPS) FEE (BPS)
----------- --------- --------- -------- --------- ---------
4.0 5.0 15.0 30.0 40.0 50.0
**Excludes: Agent, depository and local auditing fees, stamp duties and
registration fees
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Global Transaction Based Fees
Global transaction fees are per individual purchase, sale, paydown and maturity
transaction, billed and payable monthly in arrears, based on the actual number
of transactions posted during the month at the following rates:
GROUP I GROUP II GROUP III GROUP IV GROUP V
------- -------- --------- -------- -------
Australia Belgium Bermuda Argentina Bahrain
Austria Estonia Czech Rep Bolivia Bangladesh
Canada Latvia Hong Kong Botswana Brazil
Denmark Namibia Ireland Bulgaria China
Euroclear Tunisia Israel Chile Colombia
Finland Lithuania Croatia Cyprus
France Morocco Ecuador Greece
Germany Poland Egypt Hungary
Iceland Portugal Ghana India
Italy Puerto Rico Jamaica Indonesia
Ivory Coast Russia Xxxxx Xxxxxx
Japan Singapore Mauritius Lebanon
Netherlands Swaziland Peru Malaysia
New Zealand Romania Mexico
Norway Slovak Rep Xxxx
Xxxxx Xxxxxxxx Xxxxxxxx
Xxxxxx Xxx Xxxxx Philippines
Switzerland Trin/Tobago South Africa
UK Uruguay South Korea
Taiwan
Thailand
Turkey
Ukraine
Venezuela
Viet Nam
Zambia
Zimbabwe
GROUP I GROUP II GROUP III GROUP IV GROUP V
FEE / TRADE FEE / TRADE FEE / TRADE FEE / TRADE FEE /TRADE
----------- ----------- ----------- ----------- ----------
$ 20 $ 40 $ 50 $ 85 $ 100
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III. AIM GROWTH SERIES - FUND OF FUNDS
AIM Aggressive Allocation Fund, AIM Conservative Allocation Fund and AIM
Moderate Allocation Fund
Base Fee $500 per month per fund
Transactions $5 per transaction (wires, trades, etc.)
No charge State Street Repo
IV. SECURITIES LENDING
Xxxxxx Xxxxxxx securities lending transactions $12.00
Fees with other 3rd party lending agents will be quoted separately.
V. SPECIAL SERVICES
Fees for activities of a non-recurring nature such as fund consolidations
or reorganizations, extraordinary security shipments and the preparation
of special reports will be subject to negotiation.
VI. BALANCE CREDITS AND OVERDRAFT CHARGES
A credit will be applied to each portfolio's monthly custody xxxx
(excluding out-of-pocket expenses) based on the average collected custody
Demand Deposit Account (DDA) balance at month end. This credit will be
calculated by applying 90% of the 90 day T Xxxx rate in effect at month
end. Any excess balance credits may be carried forward and applied to
successive bills incurred in the same calendar year.
Overdrafts due to overspending/client errors or third party agent errors
will be charged at a rate of Fed Funds plus 100 basis points. Overdraft
charges will be netted with credits (if any) on the custody bills.
VII. OUT-OF-POCKET EXPENSES
A billing for the recovery of applicable out-of-pocket expenses will be
made as of the end of each month. These out-of-pocket expenses may be
adjusted based on market conditions or other circumstances. Out-of-pocket
fees may include, but are not limited to the following:
- Communications/equipment costs (telephone, lease lines etc.)
- Postage and insurance
- Courier service
- Duplicating
- Non recurring legal fees
- Supplies related to Fund records
- Transfer fees
- Sub-Custodian out-of-pocket charges, market fees, registration fees,
stamp duties, etc.
- Third-party internal control review letter
- Proxy Fees
- Customized programming/transmissions @ $85 per hour
- Wires ($5.00)
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