AMENDMENT NO. 23 TO MASTER INVESTMENT ADVISORY AGREEMENT
AMENDMENT NO. 23
This Amendment dated as of December 14, 2011, amends the Master Investment Advisory
Agreement (the “Agreement”), dated September 11, 2000, between AIM Investment Funds (Invesco
Investment 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 agree to amend the Agreement to add a new portfolio — Invesco Premium
Income Fund and to remove the following portfolios — Invesco Global Fund, Invesco Global Dividend
Growth Securities Fund, Invesco Health Sciences Fund, Invesco Japan Fund, Invesco LIBOR Alpha Fund,
Invesco Xxx Xxxxxx Emerging Markets Fund, Invesco Xxx Xxxxxx Global Equity Allocation Fund, Invesco
Xxx Xxxxxx Global Franchise Fund, Invesco Xxx Xxxxxx International Advantage Fund, Invesco Xxx
Xxxxxx International Growth Fund and Invesco Xxx Xxxxxx Global Tactical Allocation Fund;
NOW, THEREFORE, the parties agree as follows;
| 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
| Name of Fund | Effective Date of Advisory Agreement | |
Invesco Balanced-Risk Allocation Fund
|
May 29, 2009 | |
Invesco Balanced-Risk Commodity Xxxxxxxx Xxxx
|
Xxxxxxxx 00, 0000 | |
Xxxxxxx Xxxxx Fund
|
March 31, 2006 | |
Invesco Commodities Strategy Fund
|
June 16, 2010 | |
Invesco Developing Markets Fund
|
September 1, 2001 | |
Invesco Emerging Market Local Currency Debt Fund
|
June 14, 2010 | |
Invesco Emerging Markets Equity Fund
|
May 31, 2011 | |
Invesco Endeavor Fund
|
November 3, 2003 | |
Invesco Global Advantage Fund
|
February 12, 2010 | |
Invesco Global Health Care Fund
|
September 1, 2001 | |
Invesco International Total Return Fund
|
March 31, 2006 |
| Name of Fund | Effective Date of Advisory Agreement | |
Invesco Pacific Growth Fund
|
February 12, 2010 | |
Invesco Premium Income Fund
|
December 14, 2011 | |
Invesco Small Companies Fund
|
November 3, 0000 |
XXXXXXXX X
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 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 Balanced-Risk Allocation Fund invests its assets in Invesco Cayman Commodity Fund I Ltd., a direct wholly-owned subsidiary of Invesco 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 Balanced-Risk Allocation Fund, in an amount equal to 100% of the advisory fee that the Adviser receives from Invesco Cayman Commodity Fund I Ltd. |
Invesco Balanced-Risk Commodity Strategy Fund
| Net Assets | Annual Rate* | |||
First $250 million |
1.050 | % | ||
Next $250 million |
1.025 | % | ||
Next $500 million |
1.000 | % | ||
Next $1.5 billion |
0.975 | % | ||
Next $2.5 billion |
0.950 | % | ||
Next $2.5 billion |
0.925 | % | ||
Next $2.5 billion |
0.900 | % | ||
Over $10 billion |
0.875 | % | ||
| * | To the extent Invesco Balanced-Risk Commodity Strategy Fund invests its assets in Invesco Cayman Commodity Fund III Ltd., a direct wholly-owned subsidiary of Invesco Balanced-Risk Commodity Strategy Fund, the Adviser shall not collect the portion of the advisory fee that the Adviser would otherwise be entitled to collect from Invesco Balanced-Risk Commodity Strategy Fund, in an amount equal to 100% of the advisory fee that the Adviser receives from Invesco Cayman Commodity Fund III Ltd. |
Invesco China Fund
Invesco Developing Markets Fund
Invesco Emerging Markets Equity Fund
Invesco Developing Markets Fund
Invesco Emerging Markets Equity Fund
| Net Assets | Annual Rate | |||
First $250 million |
0.935 | % | ||
Next $250 million |
0.91 | % | ||
Next $500 million |
0.885 | % | ||
Next $1.5 billion |
0.86 | % | ||
Next $2.5 billion |
0.835 | % | ||
Next $2.5 billion |
0.81 | % | ||
Next $2.5 billion |
0.785 | % | ||
Over $10 billion |
0.76 | % | ||
Invesco Emerging Market Local Currency Debt Fund
| Net Assets | Annual Rate | |||
First $500 million |
0.75 | % | ||
Next $500 million |
0.70 | % | ||
Next $500 million |
0.67 | % | ||
Over $1.5 billion |
0.65 | % | ||
Invesco Global Health Care Fund
| Net Assets | Annual Rate | |||
First $350 million |
0.75 | % | ||
Next $350 million |
0.65 | % | ||
Next $1.3 billion |
0.55 | % | ||
Next $2 billion |
0.45 | % | ||
Next $2 billion |
0.40 | % | ||
Next $2 billion |
0.375 | % | ||
Over $8 billion |
0.35 | % | ||
Invesco International Total Return Fund
| Net Assets | Annual Rate | |||
First $250 million |
0.65 | % | ||
Next $250 million |
0.59 | % | ||
Next $500 million |
0.565 | % | ||
Next $1.5 billion |
0.54 | % | ||
Next $2.5 billion |
0.515 | % | ||
Next $5 billion |
0.49 | % | ||
Over $10 billion |
0.465 | % | ||
Invesco Endeavor Fund
Invesco Small Companies Fund
Invesco Small Companies 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 | % | ||
Next $2.5 billion |
0.685 | % | ||
Next $2.5 billion |
0.67 | % | ||
Next $2.5 billion |
0.655 | % | ||
Over $10 billion |
0.64 | % | ||
Invesco Commodities Strategy Fund
| Net Assets | Annual Rate | |||
All Assets |
0.50 | %** | ||
| ** | To the extent Invesco Commodities Strategy Fund invests its assets in Invesco Cayman Commodity Fund II Ltd., a direct wholly-owned subsidiary of Invesco Commodities Strategy Fund, the Adviser shall not collect the portion of the advisory fee that the Adviser would otherwise be entitled to collect from Invesco Commodities Strategy Fund, in an amount equal to 100% of the advisory fee that the Adviser receives from Invesco Cayman Commodity Fund II Ltd. |
Invesco Global Advantage Fund
| Net Assets | Annual Rate | |||
First $1.5 billion |
0.57 | % | ||
Over $1.5 billion |
0.545 | % | ||
Invesco Pacific Growth Fund
| Net Assets | Annual Rate | |||
First $1 billion |
0.87 | % | ||
Next $1 billion |
0.82 | % | ||
Over $2 billion |
0.77 | % | ||
Invesco Premium Income Fund
| Net Assets | Annual Rate | |||
First $500 million |
0.650 | % | ||
Next $500 million |
0.600 | % | ||
Next $500 million |
0.550 | % | ||
Over $1.5 billion |
0.540 | % | ||
| 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 Agreement to be executed by their respective
officers on the date first written above.
| AIM INVESTMENT FUNDS (INVESCO INVESTMENT 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) |
||||||||||
