AMENDMENT NO. 1 TO THIRD AMENDED AND RESTATED MASTER ADMINISTRATIVE SERVICES AGREEMENT
Exhibit 99.h(2)(b)
AMENDMENT NO. 1
TO
THIRD AMENDED AND RESTATED MASTER ADMINISTRATIVE SERVICES AGREEMENT
This Amendment dated April 24, 2023, amends the third Amended and Restated Master Administrative Services Agreement (the "Agreement"), dated July 1, 2020, by and between Invesco Advisers, Inc., a Delaware corporation, and Short-Term Investments Trust, a Delaware statutory trust is hereby amended as follows:
W I T N E S S E T H:
WHEREAS, the Trust desires to amend the Agreement to remove Invesco Tax-Free Cash Reserve Portfolio, a series portfolio of Short-Term Investments Trust (“STIT”) effective April 24, 2023;
NOW, THEREFORE, the parties agree as follows;
1. | Appendix A of the Agreement is hereby deleted in its entirety and replaced with the following: |
“APPENDIX A
FEE SCHEDULE TO
THIRD AMENDED AND RESTATED MASTER ADMINISTRATIVE SERVICES AGREEMENT
OF
Portfolios | Effective Date of Agreement | |
Invesco Government & Agency Portfolio | July 1, 2006 | |
Invesco Liquid Assets Portfolio | July 1, 2006 | |
Invesco STIC Prime Portfolio | July 1, 2006 | |
Invesco Treasury Portfolio | July 1, 2006 | |
Invesco Treasury Obligations Portfolio | July 1, 2006 |
The Administrator may receive from each Portfolio reimbursement for costs or reasonable compensation for such services as follows:
Rate* | Invesco Fund Complex Net Assets** |
0.0175% | First $100 billion |
0.0150% | Next $100 billion |
0.0135% | Next $100 billion |
0.0125% | Next $100 billion |
0.010% | Over $400 billion |
* The fee will be paid monthly at 1/12 of the annualized effective fee rate based on the average assets under management of the Invesco Fund Complex Net Assets of the prior month not to exceed 0.0140% through June 30, 2019.
** Invesco Fund Complex Net Assets means the aggregate monthly net assets of each mutual fund and closed-end fund in the Invesco Fund complex overseen by the Invesco Funds Board.”
In addition to the rate described above, Government & Agency Portfolio, Treasury Obligations Portfolio, Liquid Assets Portfolio, STIC Prime Portfolio, Tax-Free Cash Reserve Portfolio and Treasury Portfolio shall also pay the Administrator 0.03% for the provision of the Money Market Fund Administrative Services.
2. | All other terms and provisions of the Agreement not amended herein shall remain in full force and effect. |
SHORT-TERM INVESTMENTS TRUST | ||
By: | /s/ Xxxx X. Xxxx | |
Xxxx X. Xxxx | ||
Senior Vice President | ||
INVESCO ADVISERS, INC. | ||
By: | /s/ Xxxxxxx Xxxxxxx | |
Xxxxxxx Xxxxxxx | ||
Senior Vice President & Secretary |