AMENDMENT NO. 19 TO MASTER INVESTMENT ADVISORY AGREEMENT
AMENDMENT NO. 19
TO
MASTER INVESTMENT ADVISORY AGREEMENT
This Amendment dated as of May 24, 2019, amends the Master Investment Advisory Agreement (the “Agreement”) dated June 21, 2000, between AIM Equity Funds (Invesco 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 add Invesco Xxxxxxxxxxx Dividend Opportunity Fund, Invesco Xxxxxxxxxxx Main Street Fund®, Invesco Xxxxxxxxxxx Main Street All Cap Fund® and Invesco Xxxxxxxxxxx Rising Dividends 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
| Name of Fund |
Effective Date of Advisory Agreement | |
| Invesco Charter Fund |
June 1, 2000 | |
| Invesco Diversified Dividend Fund |
December 28, 2001 | |
| Invesco Xxxxxxxxxxx Dividend Opportunity Fund |
May 24, 2019 | |
| Invesco Xxxxxxxxxxx Main Street Fund® |
May 24, 2019 | |
| Invesco Xxxxxxxxxxx Main Street All Cap Fund® |
May 24, 2019 | |
| Invesco Xxxxxxxxxxx Rising Dividends Fund |
May 24, 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 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 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 Xxxxxxxxxxx Dividend Opportunity Fund*
| Net Assets |
Annual Rate | |||
| First $500 million |
0.65 | % | ||
| Next $500 million |
0.63 | % | ||
| Next $4 billion |
0.60 | % | ||
| Over $5 billion |
0.58 | % | ||
| * | The advisory fee payable by the Fund shall be reduced by any amounts paid by such Fund under the Administrative Services Agreement between such Fund and Invesco Advisers, Inc. |
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Invesco Xxxxxxxxxxx Main Street Fund®*
| Net Assets |
Annual Rate | |||
| First $200 million |
0.65 | % | ||
| Next $150 million |
0.60 | % | ||
| Next $150 million |
0.55 | % | ||
| Next $9.5 billion |
0.45 | % | ||
| Over $10 billion |
0.43 | % | ||
Invesco Xxxxxxxxxxx Main Street All Cap Fund®*
| Net Assets |
Annual Rate | |||
| First $200 million |
0.75 | % | ||
| Next $200 million |
0.72 | % | ||
| Next $200 million |
0.69 | % | ||
| Next $200 million |
0.66 | % | ||
| Next 4.2 billion |
0.60 | % | ||
| Over $5 billion |
0.58 | % | ||
Invesco Xxxxxxxxxxx Rising Dividends Fund*
| Net Assets |
Annual Rate | |||
| First $800 million |
0.65 | % | ||
| Next $700 million |
0.60 | % | ||
| Next $1 billion |
0.58 | % | ||
| Next $2.5 billion |
0.56 | % | ||
| Next $5 billion |
0.54 | % | ||
| Over $10 billion |
0.52 | % | ||
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. |
| * | The advisory fee payable by the Fund shall be reduced by any amounts paid by such Fund under the Administrative Services Agreement between such Fund and Invesco Advisers, Inc. |
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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/ Xxxxx Xxxxxxxx |
By: | /s/ Xxxxxxx X. Xxxxx | |||||
| Assistant Secretary | (Xxxxxxx X. Xxxxx) | |||||||
| Senior Vice President | ||||||||
| INVESCO ADVISERS, INC. | ||||||||
| Attest: | /s/ Xxxxx Xxxxxxxx |
By: | /s/ Xxxxxxx X. Xxxxx | |||||
| Assistant Secretary | (Xxxxxxx X. Xxxxx) | |||||||
| Senior Vice President | ||||||||
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