AMENDMENT NO. 38 TO THE FIRST RESTATED MASTER DISTRIBUTION AGREEMENT (ALL CLASSES OF SHARES EXCEPT CLASS B AND CLASS BX SHARES)

AMENDMENT NO. 38

TO THE

FIRST RESTATED

MASTER DISTRIBUTION AGREEMENT

(ALL CLASSES OF SHARES EXCEPT CLASS B AND CLASS BX SHARES)

This Amendment, dated as of June 28, 2013, amends the First Restated Master Distribution Agreement (all Classes of shares except Class B and Class BX Shares) (the “Agreement”) made as of the 18th day of August, 2003, as subsequently amended, and as restated the 20th day of September, 2006, by and between each registered investment company set forth on Schedule A to the Agreement (each individually referred to as “Fund”, or collectively, “Funds”), severally, on behalf of each of its series of beneficial interest set forth on Schedule A to the Agreement, (each, a “Portfolio”), with respect to each class of shares except Class B and Class BX Shares (the “Shares”) of each Portfolio, and Invesco Distributors, Inc., a Delaware corporation (the “Distributor”).

WHEREAS, the parties agree to amend the Agreement to add Class C Shares to Invesco Tax-Free Intermediate Fund;

Schedule A of the Agreement is hereby deleted in its entirety and replaced with the following:

“SCHEDULE A

TO

FIRST RESTATED

MASTER DISTRIBUTION AGREEMENT

(All Classes of Shares Except Class B and Class BX Shares)

AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
Invesco Core Plus Bond Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Class R6
Invesco Floating Rate Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Class R6
Invesco Global Real Estate Income Fund —		Class A
		Class C
		Class Y
		Class R5
		Class R6

Invesco U.S. Quantitative Core Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Investor Class
Invesco California Tax-Free Income Fund —		Class A
		Class C
		Class Y
Invesco Equally-Weighted S&P 500 Fund —		Class A
		Class C
		Class R
		Class Y
		Class R6
Invesco S&P 500 Index Fund —		Class A
		Class C
		Class Y
Invesco American Franchise Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Class R6
Invesco Equity and Income Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Class R6
Invesco Growth and Income Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Class R6
Invesco Pennsylvania Tax Free Income Fund —		Class A
		Class C
		Class Y
Invesco Small Cap Discovery Fund —		Class A
		Class C
		Class Y
		Class R5
		Class R6

2

AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
Invesco Charter Fund —		Class A
		Class C
		Class R
		Class S
		Class Y
		Class R5
		Class R6
Invesco Constellation Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
Invesco Disciplined Equity Fund —		Class Y
Invesco Diversified Dividend Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Investor Class
		Class R6
Invesco Summit Fund —		Class A
		Class C
		Class P
		Class S
		Class Y
		Class R5
AIM FUNDS GROUP (INVESCO FUNDS GROUP)
Invesco European Small Company Fund —		Class A
		Class C
		Class Y
Invesco Global Core Equity Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
Invesco International Small Company Fund —		Class A
		Class C
		Class Y
		Class R5
		Class R6

3

Invesco Small Cap Equity Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Class R6
AIM GROWTH SERIES (INVESCO GROWTH SERIES)
Invesco Balanced-Risk Retirement Now Fund —		Class A
		Class AX
		Class C
		Class CX
		Class R
		Class RX
		Class Y
		Class R5
		Class R6
Invesco Balanced-Risk Retirement 2020 Fund —		Class A
		Class AX
		Class C
		Class CX
		Class R
		Class RX
		Class Y
		Class R5
		Class R6
Invesco Balanced-Risk Retirement 2030 Fund —		Class A
		Class AX
		Class C
		Class CX
		Class R
		Class RX
		Class Y
		Class R5
		Class R6
Invesco Balanced-Risk Retirement 2040 Fund —		Class A
		Class AX
		Class C
		Class CX
		Class R
		Class RX
		Class Y
		Class R5
		Class R6

4

Invesco Balanced-Risk Retirement 2050 Fund —		Class A
		Class AX
		Class C
		Class CX
		Class R
		Class RX
		Class Y
		Class R5
		Class R6
Invesco Convertible Securities Fund —		Class A
		Class C
		Class Y
		Class R5
		Class R6
Invesco Global Quantitative Core Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
Invesco Growth Allocation Fund —		Class A
		Class C
		Class R
		Class S
		Class Y
		Class R5
Invesco Income Allocation Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
Invesco International Allocation Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
Invesco Mid Cap Core Equity Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Class R6

5

Invesco Moderate Allocation Fund —		Class A
		Class C
		Class R
		Class S
		Class Y
		Class R5
Invesco Conservative Allocation Fund —		Class A
		Class C
		Class R
		Class S
		Class Y
		Class R5
Invesco Small Cap Growth Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Investor Class
		Class R6
Invesco Leaders Fund —		Class A
		Class C
		Class Y
Invesco U.S. Mortgage Fund —		Class A
		Class C
		Class Y
		Class R5
AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)
Invesco Asia Pacific Growth Fund —		Class A
		Class C
		Class Y
Invesco European Growth Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
Invesco Global Growth Fund —		Class A
		Class C
		Class Y
		Class R5
		Class R6

6

Invesco Global Opportunities Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Class R6
Invesco Select Oppurtunities Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Class R6
Invesco Global Small & Mid Cap Growth Fund —		Class A
		Class C
		Class Y
		Class R5
Invesco International Core Equity Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Investor Class
		Class R6
Invesco International Growth Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Class R6
AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
Invesco Balanced-Risk Allocation Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Class R6
Invesco Balanced-Risk Commodity Strategy Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Class R6

7

Invesco China Fund —		Class A
		Class C
		Class Y
		Class R5
Invesco Developing Markets Fund —		Class A
		Class C
		Class Y
		Class R5
		Class R6
Invesco Emerging Market Local Currency Debt Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Class R6
Invesco Emerging Markets Equity Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Class R6
Invesco Global Health Care Fund —		Class A
		Class C
		Class Y
		Investor Class
Invesco Global Markets Strategy Fund —		Class H1
Invesco International Total Return Fund —		Class A
		Class C
		Class Y
		Class R5
		Class R6
Invesco Endeavor Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Class R6
Invesco Select Companies Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5

8

Invesco Pacific Growth Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
Invesco Premium Income Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Class R6
AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
Invesco Dynamics Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Investor Class
		Class R6
Invesco Global Real Estate Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Class R6
Invesco High Yield Fund —		Class A
		Class C
		Class Y
		Class R5
		Investor Class
		Class R6
Invesco Limited Maturity Treasury Fund —		Class A
		Class A2
		Class Y
		Class R5
Invesco Money Market Fund —		AIM Cash Reserve Shares
		Class AX
		Class C
		Class CX
		Class R
		Class Y
		Class R5
		Investor Class

9

Invesco Municipal Bond Fund —		Class A
		Class C
		Class Y
		Investor Class
Invesco Real Estate Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Investor Class
		Class R6
Invesco Short Term Bond Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Class R6
Invesco U.S. Government Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Investor Class
Invesco High Yield Securities Fund —		Class A
		Class C
		Class Y
Invesco Corporate Bond Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Class R6
AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
Invesco Energy Fund —		Class A
		Class C
		Class Y
		Class R5
		Investor Class
Invesco Gold & Precious Metals Fund —		Class A
		Class C
		Class Y
		Investor Class

10

Invesco Leisure Fund —		Class A
		Class C
		Class R
		Class Y
		Investor Class
Invesco Technology Fund —		Class A
		Class C
		Class Y
		Class R5
		Investor Class
Invesco Dividend Income Fund—		Class A
		Class C
		Class Y
		Class R5
		Investor Class
		Class R6
Invesco Technology Sector Fund —		Class A
		Class C
		Class Y
Invesco American Value Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Class R6
Invesco Xxxxxxxx Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Class R6
Invesco Mid Cap Growth Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
		Class R6
Invesco Small Cap Value Fund —		Class A
		Class C
		Class Y

11

Invesco Value Opportunities Fund —		Class A
		Class C
		Class R
		Class Y
		Class R5
AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
Invesco Tax-Exempt Cash Fund —		Class A
		Class Y
		Investor Class
Invesco Tax-Free Intermediate Fund —		Class A
		Class A2
		Class C
		Class Y
		Class R5
Invesco High Yield Municipal Fund —		Class A
		Class C
		Class Y
		Class R5
Invesco Intermediate Term Municipal Income Fund —		Class A
		Class C
		Class Y
Invesco Municipal Income Fund —		Class A
		Class C
		Class Y
		Investor Class
Invesco New York Tax Free Income Fund —		Class A
		Class C
		Class Y
AIM TREASURER’S SERIES TRUST (INVESCO TREASURER’S SERIES TRUST)
Premier Portfolio —		Investor Class
Premier Tax-Exempt Portfolio —		Investor Class
Premier U.S. Government Money Portfolio —		Investor Class
INVESCO SECURITIES TRUST
Invesco Balanced-Risk Aggressive Allocation Fund”

12

All other terms and provisions of the Agreement not amended herein shall remain in full force and effect.

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 TREASURER’S SERIES TRUST (INVESCO TREASURER’S SERIES TRUST)

INVESCO SECURITIES TRUST

on behalf of the Shares of each Portfolio listed on Schedule A
By:		/s/ Xxxx X. Xxxx
		Xxxx X. Xxxx
		Senior Vice President
INVESCO DISTRIBUTORS, INC.
By:		/s/ Xxxxx X. Xxxxx
		Xxxxx X. Xxxxx
		Vice President

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