AMENDMENT NO. 22 TO MASTER INVESTMENT ADVISORY AGREEMENT
This amendment dated as of December 20, 2010, amends the Master Investment Advisory Agreement
(the “Agreement”), dated May 1, 2000, between AIM Variable Insurance Funds (Invesco Variable
Insurance Funds), a Delaware statutory trust, and Invesco Advisers, Inc., a Delaware corporation.
WITNESSETH:
WHEREAS, the parties desire to amend the Agreement to add the following portfolio: Invesco
V.I. Balanced-Risk Allocation 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
FUNDS AND EFFECTIVE DATES
Effective Date of | ||
Name of Fund | Advisory Agreement | |
Invesco V.I. Balanced-Risk Allocation Fund
|
December 20, 2010 | |
Invesco V.I. Basic Balanced Fund
|
May 1, 2000 | |
Invesco V.I. Basic Value Fund
|
September 10, 2001 | |
Invesco V.I. Capital Appreciation Fund
|
May 1, 2000 | |
Invesco V.I. Capital Development Fund
|
May 1, 2000 | |
Invesco V.I. Core Equity Fund
|
May 1, 2000 | |
Invesco V.I. Diversified Income Fund
|
May 1, 2000 | |
Invesco V.I. Dynamics Fund
|
April 30, 2004 | |
Invesco V.I. Financial Services Fund
|
April 30, 2004 | |
Invesco V.I. Global Health Care Fund
|
April 30, 2004 | |
Invesco V.I. Global Multi-Asset Fund
|
October 22, 2008 | |
Invesco V.I. Global Real Estate Fund
|
April 30, 2004 | |
Invesco V.I. Government Securities Fund
|
May 1, 2000 | |
Invesco V.I. High Yield Fund
|
May 1, 2000 | |
Invesco V.I. International Growth Fund
|
May 1, 2000 | |
Invesco V.I. Large Cap Growth Fund
|
September 1, 2003 | |
Invesco X.X. Xxxxxxx Xxxx
|
Xxxxx 00, 0000 | |
Xxxxxxx V.I. Mid Cap Core Equity Fund
|
September 10, 2001 | |
Invesco V.I. Money Market Fund
|
May 1, 2000 | |
Invesco V.I. Small Cap Equity Fund
|
September 1, 2003 | |
Invesco V.I. Technology Fund |
April 30, 2004 | |
Invesco V.I. Utilities Fund
|
April 30, 2004 | |
Invesco V.I. Dividend Growth Fund
|
February 12, 2010 | |
Invesco V.I. Global Dividend Growth Fund
|
February 12, 2010 | |
Invesco V.I. High Yield Securities Fund
|
February 12, 2010 | |
Invesco V.I. Income Builder Fund
|
February 12, 2010 |
Effective Date of | ||
Name of Fund | Advisory Agreement | |
Invesco V.I. S&P 500 Index Fund
|
February 12, 2010 | |
Invesco V.I. Select Dimensions Balanced Fund
|
February 12, 2010 | |
Invesco V.I. Select Dimensions Dividend Growth Fund
|
February 12, 2010 | |
Invesco V.I. Select Dimensions Equally-Weighted
S&P 500 Fund
|
February 12, 2010 | |
Invesco Xxx Xxxxxx V.I. Capital Growth Fund
|
February 12, 2010 | |
Invesco Xxx Xxxxxx V.I. Xxxxxxxx Fund
|
February 12, 2010 | |
Invesco Xxx Xxxxxx V.I. Equity and Income Fund
|
February 12, 2010 | |
Invesco Xxx Xxxxxx V.I. Global Tactical Asset
Allocation Fund
|
February 12, 2010 | |
Invesco Xxx Xxxxxx V.I. Global Value Equity Fund
|
February 12, 2010 | |
Invesco Xxx Xxxxxx V.I. Government Fund
|
February 12, 2010 | |
Invesco Xxx Xxxxxx V.I. Growth and Income Fund
|
February 12, 2010 | |
Invesco Xxx Xxxxxx V.I. High Yield Fund
|
February 12, 2010 | |
Invesco Xxx Xxxxxx V.I. International Growth
Equity Fund
|
February 12, 2010 | |
Invesco Xxx Xxxxxx V.I. Mid Cap Growth Fund
|
February 12, 2010 | |
Invesco Xxx Xxxxxx V.I. Mid Cap Value Fund
|
February 12, 2010 | |
Invesco Xxx Xxxxxx V.I. Value Fund
|
February 12, 2010” |
APPENDIX B
COMPENSATION TO THE ADVISOR
COMPENSATION TO THE ADVISOR
The Trust shall pay the Adviser, 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 V.I. Balanced-Risk Allocation Fund
Net Assets | Annual Rate* | |||
First $250 million |
0.95 | % | ||
Next $250 million |
0.925 | % | ||
Next $500 million |
0.90 | % | ||
Next $1.5 billion |
0.875 | % | ||
Next $2.5 billion |
0.85 | % | ||
Next $2.5 billion |
0.825 | % | ||
Next $2.5 billion |
0.80 | % | ||
Over $10 billion |
0.775 | % |
* | To the extent Invesco V.I. Balanced-Risk Allocation Fund invests its assets in Invesco Cayman Commodity Fund IV Ltd., a direct wholly-owned subsidiary of Invesco V.I. Balanced-Risk Allocation Fund, the Adviser shall not collect the portion of the advisory fee that the Adviser would otherwise be entitled to collect from Invesco V.I. Balanced-Risk Allocation Fund, in an amount equal to 100% of the advisory fee that the Adviser receives from Invesco Cayman Commodity Fund IV Ltd. |
2
Invesco V.I. Basic Balanced Fund
Net Assets | Annual Rate | |||
First $150 million |
0.75 | % | ||
Over $150 million |
0.50 | % |
Invesco V.I. Basic Value Fund
Invesco V.I. Large Cap Growth Fund
Invesco V.I. Large Cap Growth Fund
Net Assets | Annual Rate | |||
First $250 million |
0.695 | % | ||
Next $250 million |
0.67 | % | ||
Next $500 million |
0.645 | % | ||
Next $1.5 billion |
0.62 | % | ||
Next $2.5 billion |
0.595 | % | ||
Next $2.5 billion |
0.57 | % | ||
Next $2.5 billion |
0.545 | % | ||
Over $10 billion |
0.52 | % |
Invesco V.I. Capital Appreciation Fund
Invesco V.I. Core Equity Fund
Invesco V.I. Core Equity Fund
Net Assets | Annual Rate | |||
First $250 million |
0.65 | % | ||
Over $250 million |
0.60 | % |
Invesco V.I. Capital Development Fund
Net Assets | Annual Rate | |||
First $350 million |
0.75 | % | ||
Over $350 million |
0.625 | % |
Invesco V.I. Diversified Income Fund
Net Assets | Annual Rate | |||
First $250 million |
0.60 | % | ||
Over $250 million |
0.55 | % |
Invesco V.I. Dynamics Fund
Invesco V.I. Small Cap Equity Fund
Invesco V.I. Small Cap Equity Fund
Net Assets | Annual Rate | |||
First $250 million |
0.745 | % | ||
Next $250 million |
0.73 | % | ||
Next $500 million |
0.715 | % | ||
Next $1.5 billion |
0.70 | % |
3
Net Assets | Annual Rate | |||
Next $2.5 billion |
0.685 | % | ||
Next $2.5 billion |
0.67 | % | ||
Next $2.5 billion |
0.655 | % | ||
Over $10 billion |
0.64 | % |
Invesco V.I. Financial Services Fund
Invesco V.I. Global Health Care Fund
Invesco V.I. Global Real Estate Fund
Invesco V.I. Leisure Fund
Invesco V.I. Technology Fund
Invesco V.I. Global Health Care Fund
Invesco V.I. Global Real Estate Fund
Invesco V.I. Leisure Fund
Invesco V.I. Technology Fund
Net Assets | Annual Rate | |||
First $250 million |
0.75 | % | ||
Next $250 million |
0.74 | % | ||
Next $500 million |
0.73 | % | ||
Next $1.5 billion |
0.72 | % | ||
Next $2.5 billion |
0.71 | % | ||
Next $2.5 billion |
0.70 | % | ||
Next $2.5 billion |
0.69 | % | ||
Over $10 billion |
0.68 | % |
Invesco V.I. Government Securities Fund
Net Assets | Annual Rate | |||
First $250 million |
0.50 | % | ||
Over $250 million |
0.45 | % |
Invesco V.I. High Yield Fund
Net Assets | Annual Rate | |||
First $200 million |
0.625 | % | ||
Next $300 million |
0.55 | % | ||
Next $500 million |
0.50 | % | ||
Over $1 billion |
0.45 | % |
Invesco V.I. International Growth Fund
Net Assets | Annual Rate | |||
First $250 million |
0.75 | % | ||
Over $250 million |
0.70 | % |
Invesco V.I. Mid Cap Core Equity Fund
Net Assets | Annual Rate | |||
First $500 million |
0.725 | % | ||
Next $500 million |
0.700 | % | ||
Next $500 million |
0.675 | % | ||
Over $1.5 billion |
0.65 | % |
4
Invesco V.I. Money Market Fund
Net Assets | Annual Rate | |||
First $250 million |
0.40 | % | ||
Over $250 million |
0.35 | % |
Invesco V.I. Global Multi-Asset Fund
Net Assets | Annual Rate | |||
First $250 million |
0.67 | % | ||
Next $250 million |
0.655 | % | ||
Next $500 million |
0.64 | % | ||
Next $1.5 billion |
0.625 | % | ||
Next $2.5 billion |
0.61 | % | ||
Next $2.5 billion |
0.595 | % | ||
Next $2.5 billion |
0.58 | % | ||
Over $10 billion |
0.565 | % |
Invesco V.I. Utilities Fund
Net Assets | Annual Rate | |||
All Assets |
0.60 | % |
Invesco V.I. Dividend Growth Fund
Invesco V.I. Select Dimensions Dividend Growth Fund
Invesco V.I. Select Dimensions Dividend Growth Fund
Net Assets | Annual Rate | |||
First $250 million |
0.545 | % | ||
Over $750 million |
0.42 | % | ||
Next $1 billion |
0.395 | % | ||
Over $2 billion |
0.37 | % |
Invesco V.I. Global Dividend Growth Fund
Invesco Xxx Xxxxxx V.I. Global Value Equity Fund
Invesco Xxx Xxxxxx V.I. Global Value Equity Fund
Net Assets | Annual Rate | |||
First $1 billion |
0.67 | % | ||
Next $500 million |
0.645 | % | ||
Next $1 billion |
0.62 | % | ||
Next $1 billion |
0.595 | % | ||
Next $1 billion |
0.57 | % | ||
Over $4.5 billion |
0.545 | % |
5
Invesco V.I. High Yield Securities Fund
Invesco Xxx Xxxxxx V.I. High Yield Fund
Invesco Xxx Xxxxxx V.I. High Yield Fund
Net Assets | Annual Rate | |||
First $500 million |
0.42 | % | ||
Next $250 million |
0.345 | % | ||
Next $250 million |
0.295 | % | ||
Next $1 billion |
0.27 | % | ||
Next $1 billion |
0.245 | % | ||
Over $3 billion |
0.22 | % |
Invesco V.I. Income Builder Fund
Net Assets | Annual Rate | |||
First $500 million |
0.67 | % | ||
Over $500 million |
0.645 | % |
Invesco V.I. S&P 500 Index Fund
Invesco V.I. Select Dimensions Equally-Weighted S&P 500 Fund
Invesco V.I. Select Dimensions Equally-Weighted S&P 500 Fund
Net Assets | Annual Rate | |||
First $2 billion |
0.12 | % | ||
Over $2 billion |
0.10 | % |
Invesco V.I. Select Dimensions Balanced Fund
Net Assets | Annual Rate | |||
First $500 million |
0.52 | % | ||
Over $500 million |
0.495 | % |
Invesco Xxx Xxxxxx V.I. Capital Growth Fund
Net Assets | Annual Rate | |||
First $500 million |
0.70 | % | ||
Next $500 million |
0.65 | % | ||
Over $1 billion |
0.60 | % |
Invesco Xxx Xxxxxx V.I. Xxxxxxxx Fund
Invesco Xxx Xxxxxx V.I. Growth and Income Fund
Invesco Xxx Xxxxxx V.I. Growth and Income Fund
Net Assets | Annual Rate | |||
First $500 million |
0.60 | % | ||
Over $500 million |
0.55 | % |
6
Invesco Xxx Xxxxxx V.I. Equity and Income Fund
Net Assets | Annual Rate | |||
First $150 million |
0.50 | % | ||
Next $100 million |
0.45 | % | ||
Next $100 million |
0.40 | % | ||
Over $350 million |
0.35 | % |
Invesco Xxx Xxxxxx V.I. Global Tactical Asset Allocation Fund
Net Assets | Annual Rate | |||
First $750 million |
0.75 | % | ||
Next $750 million |
0.70 | % | ||
Over $1.5 billion |
0.65 | % |
Invesco Xxx Xxxxxx V.I. Government Fund
Net Assets | Annual Rate | |||
First $500 million |
0.50 | % | ||
Next $500 million |
0.45 | % | ||
Over $1 billion |
0.40 | % |
Invesco Xxx Xxxxxx V.I. International Growth Equity Fund
Net Assets | Annual Rate | |||
First $1 billion |
0.75 | % | ||
Over $1 billion |
0.70 | % |
Invesco Xxx Xxxxxx V.I. Mid Cap Growth Fund
Net Assets | Annual Rate | |||
First $500 million |
0.75 | % | ||
Next $500 million |
0.70 | % | ||
Over $1 billion |
0.65 | % |
Invesco Xxx Xxxxxx V.I. Mid Cap Value Fund
Net Assets | Annual Rate | |||
First $1 billion |
0.72 | % | ||
Over $1 billion |
0.65 | % |
Invesco Xxx Xxxxxx V.I. Value Fund
Net Assets | Annual Rate | |||
First $500 million |
0.55 | % | ||
Next $500 million |
0.50 | % | ||
Over $1 billion |
0.45 | %” |
7
2. In all other respects, the Agreement is hereby confirmed and remains in full force and
effect.
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective
officers on the date first written above.
AIM VARIABLE INSURANCE FUNDS | ||||||||||
(INVESCO VARIABLE INSURANCE FUNDS) | ||||||||||
Attest:
|
By: | |||||||||
Assistant Secretary | Xxxx X. Xxxx | |||||||||
Senior Vice President | ||||||||||
(SEAL) |
||||||||||
INVESCO ADVISERS, INC. | ||||||||||
Attest:
|
By: | |||||||||
Assistant Secretary | Xxxx X. Xxxx | |||||||||
Senior Vice President | ||||||||||
(SEAL) |
8