SUB-ITEM 77Q1(e)
AMENDMENT NO. 24
TO
MASTER INVESTMENT ADVISORY AGREEMENT
This amendment dated as of December 1, 2011, 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.
W I T N E S S E T H:
WHEREAS, the parties desire to amend the Agreement to remove the following
series portfolios: Invesco V.I. Basic Balanced Fund, Invesco V.I. Dynamics Fund,
Invesco V.I. Financial Services Fund, Invesco V.I. Global Multi-Asset Fund,
Invesco V.I. Large Cap Growth Fund, Invesco V.I. Global Dividend Growth Fund,
Invesco V.I. Income Builder Fund, Invesco V.I. Select Dimensions Balanced Fund,
Invesco V.I. Select Dimensions Dividend Growth Fund, Invesco Xxx Xxxxxx V.I.
Global Tactical Asset Allocation Fund, Invesco Xxx Xxxxxx V.I. Government Fund,
Invesco Xxx Xxxxxx V.I. High Yield Fund, Invesco Xxx Xxxxxx V.I. International
Growth Equity Fund and Invesco Xxx Xxxxxx V.I. Value 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
EFFECTIVE DATE OF
NAME OF FUND ADVISORY AGREEMENT
------------ ------------------
Invesco V.I. Balanced-Risk Allocation Fund January 7, 2011
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. Global Health Care Fund April 30, 2004
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 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. High Yield Securities Fund February 12, 2010
Invesco V.I. S&P 500 Index 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 Value Equity Fund February 12, 2010
Invesco Xxx Xxxxxx V.I. Growth and Income 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, 0000
XXXXXXXX X
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.
INVESCO V.I. BASIC VALUE 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%
2
INVESCO V.I. CAPITAL APPRECIATION 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 $250 million......................................... 0.745%
Next $100 million.......................................... 0.73%
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. 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%
Next $2.5 billion.......................................... 0.685%
Next $2.5 billion.......................................... 0.67%
Next $2.5 billion.......................................... 0.655%
Over $10 billion........................................... 0.64%
3
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. UTILITIES FUND
NET ASSETS ANNUAL RATE
---------- -----------
All Assets................................................. 0.60%
INVESCO V.I. DIVIDEND GROWTH FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $250 million......................................... 0.545%
Next $750 million.......................................... 0.42%
Next $1 billion............................................ 0.395%
Over $2 billion............................................ 0.37%
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%
INVESCO V.I. HIGH YIELD SECURITIES 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%
5
INVESCO V.I. S&P 500 INDEX 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 XXX XXXXXX V.I. CAPITAL GROWTH FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $250 million......................................... 0.695%
Next $250 million.......................................... 0.67%
Next $500 million.......................................... 0.645%
Next $500 billion.......................................... 0.62%
Next $3.45 billion......................................... 0.60%
Next $250 million.......................................... 0.595%
Next $2.25 billion......................................... 0.57%
Next $2.5 billion.......................................... 0.545%
Over $10 billion........................................... 0.52%
INVESCO XXX XXXXXX V.I. XXXXXXXX FUND
INVESCO XXX XXXXXX V.I. GROWTH AND INCOME FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $500 million......................................... 0.60%
Over $500 million.......................................... 0.55%
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. 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%"
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.
6
AIM VARIABLE INSURANCE FUNDS
(INVESCO VARIABLE INSURANCE FUNDS)
Attest: /s/ Xxxxx Xxxxxxxx By: /s/ Xxxx X. Xxxx
----------------------- ------------------------------
Assistant Secretary Xxxx X. Xxxx
Senior Vice President
(SEAL)
INVESCO ADVISERS, INC.
Attest: /s/ Xxxxx Xxxxxxxx By: /s/ Xxxx X. Xxxx
----------------------- ------------------------------
Assistant Secretary Xxxx X. Xxxx
Senior Vice President
(SEAL)
7
