AMENDMENT NO. 11 TO MASTER INVESTMENT ADVISORY AGREEMENT
AMENDMENT NO. 11
TO
MASTER INVESTMENT ADVISORY AGREEMENT
This Amendment dated as of , 2019, amends the Master Investment Advisory Agreement (the “Agreement”), dated November 25, 2003, between AIM Sector Funds (Invesco Sector 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 OFI Pictet Global Environmental Solutions Fund; Invesco Xxxxxxxxxxx Small Cap Value Fund; Invesco Xxxxxxxxxxx Gold & Special Minerals Fund and Invesco Xxxxxxxxxxx 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
| Name of Fund |
Effective Date of Advisory Agreement | |
| Invesco Energy Fund |
November 25, 2003 | |
| Invesco Gold & Precious Metals Fund |
November 25, 2003 | |
| Invesco Technology Fund |
November 25, 2003 | |
| Invesco Dividend Income Fund |
November 25, 2003 | |
| Invesco Technology Sector Fund |
February 12, 2010 | |
| Invesco American Value Fund |
February 12, 2010 | |
| Invesco Xxxxxxxx Fund |
February 12, 2010 | |
| Invesco Mid Cap Growth Fund |
February 12, 2010 | |
| Invesco Small Cap Value Fund |
February 12, 2010 | |
| Invesco Value Opportunities Fund |
February 12, 2010 | |
| Invesco OFI Pictet Global Environmental Solutions Fund |
, 2019 | |
| Invesco Xxxxxxxxxxx Small Cap Value Fund |
, 2019 | |
| Invesco Xxxxxxxxxxx Gold & Special Minerals Fund |
, 2019 | |
| Invesco Xxxxxxxxxxx Value Fund |
, 2019 | |
APPENDIX B
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 Energy Fund
Invesco Gold & Precious Metals Fund
Invesco Technology Fund
Invesco Dividend Income 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 Small Cap Value Fund
| Net Assets |
Annual Rate | |||
| First $500 million |
0.67 | % | ||
| Next $500 million |
0.645 | % | ||
| Over $1 billion |
0.62 | % | ||
Invesco Technology Sector Fund
| Net Assets |
Annual Rate | |||
| First $500 million |
0.67 | % | ||
| Next $2.5 billion |
0.645 | % | ||
| Over $3 billion |
0.62 | % | ||
Invesco American Value Fund
| Net Assets |
Annual Rate | |||
| First $500 million |
0.72 | % | ||
| Next $535 million |
0.715 | % | ||
| Next $31.965 billion |
0.65 | % | ||
| Over $33 billion |
0.64 | % | ||
3
Invesco Xxxxxxxx Fund
| Net Assets |
Annual Rate | |||
| First $1 billion |
0.50 | % | ||
| Next $1 billion |
0.45 | % | ||
| Next $1 billion |
0.40 | % | ||
| Over $3 billion |
0.35 | % | ||
Invesco OFI Pictet Global Environmental Solutions Fund*
| Net Assets |
Annual Rate | |||
| First $500 million |
0.750 | % | ||
| Next $500 million |
0.700 | % | ||
| Next $4 billion |
0.650 | % | ||
| Over $5 billion |
0.600 | % | ||
Invesco Xxxxxxxxxxx Small Cap Value Fund*
| Net Assets |
Annual Rate | |||
| First $500 million |
0.800 | % | ||
| Next $500 million |
0.750 | % | ||
| Next $4 billion |
0.700 | % | ||
| Over $5 billion |
0.650 | % | ||
Invesco Xxxxxxxxxxx Gold & Special Minerals Fund*
| Net Assets |
Annual Rate | |||
| First $200 million |
0.750 | % | ||
| Next $200 million |
0.720 | % | ||
| Next $200 million |
0.690 | % | ||
| Next $200 million |
0.660 | % | ||
| Next $2.2 billion |
0.600 | % | ||
| Next $1 billion |
0.590 | % | ||
| Next $2 billion |
0.580 | % | ||
| Next $4 billion |
0.570 | % | ||
| Over $10 billion |
0.560 | % | ||
Invesco Xxxxxxxxxxx Value Fund*
| Net Assets |
Annual Rate | |||
| First $300 million |
0.625 | % | ||
| Next $100 million |
0.500 | % | ||
| Next $4.6 billion |
0.450 | % | ||
| Over $5 billion |
0.430 | % | ||
| * | 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. |
4
Invesco Mid Cap Growth Fund
| Net Assets |
Annual Rate | |||
| First $500 million |
0.75 | % | ||
| Next $500 million |
0.70 | % | ||
| Over $1 billion |
0.65 | % | ||
Invesco Value Opportunities 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. | In all other respects, the Agreement is hereby confirmed and remains in full force and effect. |
5
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective officers on the date first written above.
AIM SECTOR FUNDS
(INVESCO SECTOR FUNDS)
| Attest: |
|
By: |
| |||||
| Assistant Secretary | Xxxxxxx X. Xxxxx | |||||||
| Senior Vice President |
INVESCO ADVISERS, INC.
| Attest: |
|
By: |
| |||||
| Assistant Secretary | Xxxxxxx X. Xxxxx | |||||||
| Senior Vice President |
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