AMENDMENT NO. 21 TO MASTER INVESTMENT ADVISORY AGREEMENT
AMENDMENT NO. 21
TO
MASTER INVESTMENT ADVISORY AGREEMENT
This Amendment dated as of April 17, 2020, amends the Master Investment Advisory Agreement (the “Agreement”), dated November 25, 2003, between AIM Counselor Series Trust (Invesco Counselor Series Trust), 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 Invesco Oppenheimer Equity Income Fund and Invesco Oppenheimer Real Estate 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 American Franchise Fund |
February 12, 0000 | |
| Xxxxxxx Xxxxxxxxxx Tax-Free Income Fund |
February 12, 2010 | |
| Invesco Core Plus Bond Fund |
June 2, 2009 | |
| Invesco Equally-Weighted S&P 500 Fund |
February 12, 2010 | |
| Invesco Equity and Income Fund |
February 12, 2010 | |
| Invesco Floating Rate Fund |
April 14, 2006 | |
| Invesco Global Real Estate Income Fund |
March 12, 2007 | |
| Invesco Growth and Income Fund |
February 12, 2010 | |
| Invesco Low Volatility Equity Yield Fund |
March 31, 2006 | |
| Invesco Oppenheimer Capital Appreciation Fund |
May 24, 2019 | |
| Invesco Oppenheimer Discovery Fund |
May 24, 2019 | |
| Invesco Oppenheimer Master Loan Fund |
May 24, 2019 | |
| Invesco Oppenheimer Senior Floating Rate Fund |
May 24, 2019 | |
| Invesco Oppenheimer Senior Floating Rate Plus Fund |
May 24, 2019 | |
| Invesco Oppenheimer Short Term Municipal Fund |
May 24, 2019 | |
| Invesco Oppenheimer Rochester® Short
Duration |
May 24, 0000 | |
| Xxxxxxx Xxxxxxxxxxxx Tax Free Income Fund |
February 12, 2010 | |
| Invesco S&P 500 Index Fund |
February 12, 2010 | |
| Invesco Short Duration High Yield Municipal Fund |
September 30, 2015 | |
| Invesco Small Cap Discovery Fund |
February 12, 0000 | |
XXXXXXXX X
COMPENSATION TO THE ADVISOR
The Trust shall pay the Adviser, out of the assets of each Fund, as full compensation for all services rendered, an advisory fee for such Funds as set forth below. Such fee shall be calculated by applying the following annual rates to the average daily net assets of such Funds for the calendar year computed in the manner used for the determination of the net asset value of shares of such Funds.
| Invesco Core Plus Bond Fund
|
||||
| Net Assets |
Annual Rate | |||
| First $500 million |
0.450 | % | ||
| Next $500 million |
0.425 | % | ||
| Next $1.5 billion |
0.400 | % | ||
| Next $2.5 billion |
0.375 | % | ||
| Over $5 billion |
0.350 | % | ||
|
Invesco Floating Rate Fund
|
||||
| Net Assets |
Annual Rate | |||
| First $500 million |
0.65 | % | ||
| Next $4.5 billion |
0.60 | % | ||
| Next $5 billion |
0.575 | % | ||
| Over $10 billion |
0.55 | % | ||
| Invesco Global Real Estate Income 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 | % | ||
| Amount over $10 billion |
0.68 | % | ||
2
| Invesco Low Volatility Equity Yield Fund
|
||||
| Net Assets |
Annual Rate | |||
| First $250 million |
0.60 | % | ||
| Next $250 million |
0.575 | % | ||
| Next $500 million |
0.55 | % | ||
| Next $1.5 billion |
0.525 | % | ||
| Next $2.5 billion |
0.50 | % | ||
| Next $2.5 billion |
0.475 | % | ||
| Next $2.5 billion |
0.45 | % | ||
| Over $10 billion |
0.425 | % | ||
| Invesco California Tax-Free Income Fund
|
||||
| Net Assets |
Annual Rate | |||
| First $500 million |
0.47 | % | ||
| Next $250 million |
0.445 | % | ||
| Next $250 million |
0.42 | % | ||
| Next $250 million |
0.395 | % | ||
| Over $1.25 billion |
0.37 | % | ||
| Invesco Equally-Weighted S&P 500 Fund | ||||
| Invesco S&P 500 Index Fund
|
||||
| Net Assets |
Annual Rate | |||
| First $2 billion |
0.12 | % | ||
| Over $2 billion |
0.10 | % | ||
| Invesco Equity and Income Fund | ||||
| Invesco Growth 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 | % | ||
3
| Invesco American Franchise Fund
|
||||
| Net Assets |
Annual Rate | |||
| First $250 million |
0.695 | % | ||
| Next $250 million |
0.67 | % | ||
| Next $500 million |
0.645 | % | ||
| Next $550 million |
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 Oppenheimer Capital Appreciation 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 $700 million |
0.60 | % | ||
| Next $1 billion |
0.58 | % | ||
| Next $2 billion |
0.56 | % | ||
| Next $2 billion |
0.54 | % | ||
| Next $2 billion |
0.52 | % | ||
| Next $2.5 billion |
0.50 | % | ||
| Over $11 billion |
0.48 | % | ||
| Invesco Oppenheimer Discovery 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 $700 million |
0.60 | % | ||
| Next $3.5 billion |
0.58 | % | ||
| Over $5 billion |
0.55 | % | ||
| Invesco Oppenheimer Master Loan Fund*
|
||||
| Net Assets |
Annual Rate | |||
| All Assets |
0.30 | % | ||
| * | 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 Oppenheimer Senior Floating Rate 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 | % | ||
| Next $5 billion |
0.58 | % | ||
| Next $10 billion |
0.56 | % | ||
| Over $20 billion |
0.55 | % | ||
| Invesco Oppenheimer Senior Floating Rate Plus Fund*
|
||||
| Net Assets |
Annual Rate | |||
| First $200 million |
0.80 | % | ||
| Next $200 million |
0.77 | % | ||
| Next $200 million |
0.74 | % | ||
| Next $200 million |
0.71 | % | ||
| Next $4.2 billion |
0.65 | % | ||
| Over $5 billion |
0.63 | % | ||
| Invesco Oppenheimer Short Term Municipal Fund*
|
||||
| Net Assets |
Annual Rate | |||
| First $100 million |
0.50 | % | ||
| Next $150 million |
0.45 | % | ||
| Next $250 million |
0.425 | % | ||
| Next $500 million |
0.40 | % | ||
| Next $4 billion |
0.37 | % | ||
| Over $5 billion |
0.35 | % | ||
| Invesco Oppenheimer Rochester® Short Duration High Yield Municipal Fund* |
||||
| Net Assets |
Annual Rate | |||
| First $100 million |
0.50 | % | ||
| Next $150 million |
0.45 | % | ||
| Next $250 million |
0.425 | % | ||
| Next $4.5 billion |
0.40 | % | ||
| Next $5 billion |
0.39 | % | ||
| Over $10 billion |
0.37 | % | ||
| * | 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. |
5
| Invesco Pennsylvania Tax Free Income Fund
|
||||
| Net Assets |
Annual Rate | |||
| First $500 million |
0.50 | % | ||
| Over $500 million |
0.40 | % | ||
| Invesco Small Cap Discovery Fund
|
||||
| Net Assets |
Annual Rate | |||
| First $500 million |
0.80 | % | ||
| Next $500 million |
0.75 | % | ||
| Over $1 billion |
0.70 | % | ||
| Invesco Short Duration High Yield Municipal Fund
|
||||
| Net Assets |
Annual Rate | |||
| First $300 million |
0.50 | % | ||
| Next $300 million |
0.46 | % | ||
| Over $600 million |
0.42 | %” | ||
| 2. | In all other respects, the Agreement is hereby confirmed and remains in full force and effect. |
6
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective officers on the date first written above.
| Attest: | /s/ Xxxxxxxxx Xxxxxx | By: | /s/ Xxxxxxx X. Xxxxx | |||||
| Assistant Secretary | Xxxxxxx X. Xxxxx | |||||||
| Secretary, Senior Vice President and | ||||||||
| Chief Legal Officer | ||||||||
| INVESCO ADVISERS, INC. | ||||||||
| Attest: | /s/ Xxxxxxxxx Xxxxxx | By: | /s/ Xxxxxxx X. Xxxxx | |||||
| Assistant Secretary | Xxxxxxx X. Xxxxx | |||||||
| Senior Vice President & Secretary | ||||||||
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