Sub-Item 77Q1(e)
MEMORANDUM OF AGREEMENT
(EXPENSE LIMITATIONS)
This Memorandum of Agreement is entered into as of the Effective Date on the
attached exhibits (the "Exhibits"), between AIM Counselor Series Trust (Invesco
Counselor Series Trust), AIM Equity Funds (Invesco Equity Funds), AIM Funds
Group (Invesco Funds Group), AIM Growth Series (Invesco Growth Series), AIM
International Mutual Funds (Invesco International Mutual Funds), AIM Investment
Funds (Invesco Investment Funds), AIM Investment Securities Funds (Invesco
Investment Securities Funds), AIM Sector Funds (Invesco Sector Funds), AIM
Tax-Exempt Funds (Invesco Tax-Exempt Funds), AIM Variable Insurance Funds
(Invesco Variable Insurance Funds), Invesco Municipal Income Opportunities
Trust, Invesco Quality Municipal Income Trust, Invesco Securities Trust,
Invesco Value Municipal Income Trust and Short-Term Investments Trust (each a
"Trust" or, collectively, the "Trusts"), on behalf of the funds listed on the
Exhibits to this Memorandum of Agreement (the "Funds"), and Invesco Advisers,
Inc. ("Invesco"). Invesco shall and hereby agrees to waive fees or reimburse
expenses of each Fund, on behalf of its respective classes as applicable,
severally and not jointly, as indicated in the attached Exhibits.
For and in consideration of the mutual terms and agreements set forth herein
and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the Trusts and Invesco agree as follows:
For the Contractual Limits (listed in Exhibits A - D), Invesco agrees until
at least the expiration date set forth on the attached Exhibits A - D (the
"Expiration Date") that Invesco will waive its fees or reimburse expenses to
the extent that expenses of a class of a Fund (excluding (i) interest;
(ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary or
non-routine items, including litigation expenses; and (v) expenses that each
Fund has incurred but did not actually pay because of an expense offset
arrangement, if applicable) exceed the rate, on an annualized basis, set forth
on the Exhibits of the average daily net assets allocable to such class.
Acquired fund fees and expenses are not fees or expenses incurred by a fund
directly but are expenses of the investment companies in which a fund invests.
These fees and expenses are incurred indirectly through the valuation of a
fund's investment in these investment companies. Acquired fund fees and
expenses are required to be disclosed and included in the total annual fund
operating expenses in the prospectus fee table. As a result, the net total
annual fund operating expenses shown in the prospectus fee table may exceed the
expense limits reflected in Exhibits A - D. With regard to the Contractual
Limits, the Board of Trustees of the Trust and Invesco may terminate or modify
this Memorandum of Agreement prior to the Expiration Date only by mutual
written consent. Invesco will not have any right to reimbursement of any amount
so waived or reimbursed.
For the Contractual Limits, Invesco agrees to review the then-current
expense limitations for each class of each Fund listed on the Exhibits on a
date prior to the Expiration Date to determine whether such limitations should
be amended, continued or terminated. The expense limitations will expire upon
the Expiration Date unless the Trusts and Invesco have agreed to continue them.
The Exhibits will be amended to reflect any such agreement.
For the Voluntary Limits (listed in Exhibits A - D), Invesco agrees that
these are not contractual in nature and that Invesco may establish, amend
and/or terminate such expense limitations at any time in its sole discretion
after consultation with the Funds' Boards of Trustees. Any delay or failure by
Invesco to update this Memorandum of Agreement with regards to the
terminations, extensions, or expirations of the Voluntary Limits shall have no
effect on the term of such Voluntary Limitations; the Voluntary Limitations are
listed herein for informational purposes only.
It is expressly agreed that the obligations of each Trust hereunder shall
not be binding upon any of the Trustees, shareholders, nominees, officers,
agents or employees of the Trusts personally, but shall only bind the assets
and property of each Fund, as provided in each Trust's Agreement and
Declaration of Trust. The execution and delivery of this Memorandum of
Agreement have been authorized by the Trustees of the Trusts, and this
Memorandum of Agreement has been executed and delivered by an authorized
officer of the Trusts acting as such; neither such authorization by such
Trustees nor such
execution and delivery by such officer shall be deemed to have been made by any
of them individually or to impose any liability on any of them personally, but
shall bind only the assets and property of the Funds, as provided in each
Trust's Agreement and Declaration of Trust.
IN WITNESS WHEREOF, each of the Trusts and Invesco have entered into this
Memorandum of Agreement as of the Effective Dates on the attached Exhibits.
AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
AIM FUNDS GROUP (INVESCO FUNDS GROUP)
AIM GROWTH SERIES (INVESCO GROWTH SERIES)
AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)
AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST
INVESCO QUALITY MUNICIPAL INCOME TRUST
INVESCO SECURITIES TRUST
INVESCO VALUE MUNICIPAL INCOME TRUST
SHORT-TERM INVESTMENTS TRUST
on behalf of the Funds listed in the Exhibits
to this Memorandum of Agreement
By: /s/ Xxxx X. Xxxx
--------------------------
Title: Senior Vice President
INVESCO ADVISERS, INC.
By: /s/ Xxxx X. Xxxx
--------------------------
Title: Senior Vice President
2
as of August 28, 2013
EXHIBIT "A" - RETAIL FUNDS/1/
AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ------------------ -----------------
Invesco American Franchise Fund
Class A Shares Contractual 2.00% July 1, 2013 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2013 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2013 June 30, 2014
Class R Shares Contractual 2.25% July 1, 2013 June 30, 2014
Class R5 Shares Contractual 1.75% July 1, 2013 June 30, 2014
Class R6 Shares Contractual 1.75% July 1, 2013 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2013 June 30, 0000
Xxxxxxx Xxxxxxxxxx Tax-Free Income Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.00% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.00% July 1, 2012 June 30, 2014
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2014
Invesco Core Plus Bond Fund
Class A Shares Contractual 0.75% June 6, 2011 December 31, 2013
Class B Shares Contractual 1.50% June 6, 2011 December 31, 2013
Class C Shares Contractual 1.50% June 6, 2011 December 31, 2013
Class R Shares Contractual 1.00% June 6, 2011 December 31, 2013
Class R5 Shares Contractual 0.50% June 6, 2011 December 31, 2013
Class R6 Shares Contractual 0.50% September 24, 2012 December 31, 2013
Class Y Shares Contractual 0.50% June 6, 2011 December 31, 2013
Invesco Equally-Weighted S&P 500 Fund
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class R Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2014
Invesco Equity and Income Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class R Shares Contractual 1.75% July 1, 2012 June 30, 2014
Class R5 Shares Contractual 1.25% July 1, 2012 June 30, 2014
Class R6 Shares Contractual 1.25% September 24, 2012 June 30, 2014
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2014
Invesco Floating Rate Fund
Class A Shares Contractual 1.50% April 14, 2006 June 30, 2014
Class C Shares Contractual 2.00% April 14, 2006 June 30, 2014
Class R Shares Contractual 1.75% April 14, 2006 June 30, 2014
Class R5 Shares Contractual 1.25% April 14, 2006 June 30, 2014
Class R6 Shares Contractual 1.25% September 24, 2012 June 30, 2014
Class Y Shares Contractual 1.25% October 3, 2008 June 30, 2014
Invesco Global Real Estate Income Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class R5 Shares Contractual 1.75% July 1, 2009 June 30, 2014
Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2014
See page 15 for footnotes to Exhibit A.
3
as of August 28, 2013
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ------------------ -------------
Invesco Growth and Income Fund
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class R Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class R5 Shares Contractual 1.75% July 1, 2012 June 30, 2014
Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 0000
Xxxxxxx Xxxxxxxxxxxx Tax Free Income Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2014
Invesco S&P 500 Index Fund
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2014
Invesco Small Cap Discovery Fund
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class R5 Shares Contractual 1.75% September 24, 2012 June 30, 2014
Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 0000
Xxxxxxx X.X. Quantitative Core Fund
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class R Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class R5 Shares Contractual 1.75% July 1, 2012 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2014
Investor Class Shares Contractual 2.00% July 1, 2012 June 30, 2014
AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ------------------ -------------
Invesco Charter Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2014
Class R5 Shares Contractual 1.75% July 1, 2009 June 30, 2014
Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2014
Class S Shares Contractual 1.90% September 25, 2009 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2014
Invesco Constellation Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2014
Class R5 Shares Contractual 1.75% July 1, 2009 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2014
See page 15 for footnotes to Exhibit A.
4
as of August 28, 2013
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ------------------ -------------
Invesco Disciplined Equity Fund
Class Y Shares Contractual 1.75% July 14, 2009 June 30, 2014
Invesco Diversified Dividend Fund
Class A Shares Contractual 2.00% July 1, 2013 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2013 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2013 June 30, 2014
Class R Shares Contractual 2.25% July 1, 2013 June 30, 2014
Class R5 Shares Contractual 1.75% July 1, 2013 June 30, 2014
Class R6 Shares Contractual 1.75% July 1, 2013 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2013 June 30, 2014
Investor Class Shares Contractual 2.00% July 1, 2013 June 30, 0000
Xxxxxxx Xxxxxx Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class P Shares Contractual 1.85% July 1, 2009 June 30, 2014
Class R5 Shares Contractual 1.75% July 1, 2009 June 30, 2014
Class S Shares Contractual 1.90% September 25, 2009 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2014
AIM FUNDS GROUP (INVESCO FUNDS GROUP)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ------------------ -------------
Invesco European Small Company Fund
Class A Shares Contractual 2.25% July 1, 2009 June 30, 2014
Class B Shares Contractual 3.00% July 1, 2009 June 30, 2014
Class C Shares Contractual 3.00% July 1, 2009 June 30, 2014
Class Y Shares Contractual 2.00% July 1, 2009 June 30, 2014
Invesco Global Core Equity Fund
Class A Shares Contractual 2.25% July 1, 2013 June 30, 2014
Class B Shares Contractual 3.00% July 1, 2013 June 30, 2014
Class C Shares Contractual 3.00% July 1, 2013 June 30, 2014
Class R Shares Contractual 2.50% July 1, 2013 June 30, 2014
Class R5 Shares Contractual 2.00% July 1, 2013 June 30, 2014
Class Y Shares Contractual 2.00% July 1, 2013 June 30, 2014
Invesco International Small Company Fund
Class A Shares Contractual 2.25% July 1, 2009 June 30, 2014
Class B Shares Contractual 3.00% July 1, 2009 June 30, 2014
Class C Shares Contractual 3.00% July 1, 2009 June 30, 2014
Class R5 Shares Contractual 2.00% July 1, 2009 June 30, 2014
Class R6 Shares Contractual 2.00% September 24, 2012 June 30, 2014
Class Y Shares Contractual 2.00% July 1, 2009 June 30, 2014
Invesco Small Cap Equity Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2014
Class R5 Shares Contractual 1.75% July 1, 2009 June 30, 2014
Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2014
See page 15 for footnotes to Exhibit A.
5
as of August 28, 2013
AIM GROWTH SERIES (INVESCO GROWTH SERIES)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ------------------ --------------
Invesco Balanced-Risk Retirement 2020 Fund
Class A Shares Contractual 0.25% November 4, 2009 April 30, 2014
Class AX Shares Contractual 0.25% February 12, 2010 April 30, 2014
Class B Shares Contractual 1.00% November 4, 2009 April 30, 2014
Class C Shares Contractual 1.00% November 4, 2009 April 30, 2014
Class CX Shares Contractual 1.00% February 12, 2010 April 30, 2014
Class R Shares Contractual 0.50% November 4, 2009 April 30, 2014
Class R5 Shares Contractual 0.00% November 4, 2009 April 30, 2014
Class R6 Shares Contractual 0.00% September 24, 2012 April 30, 2014
Class RX Shares Contractual 0.50% February 12, 2010 April 30, 2014
Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2014
Invesco Balanced-Risk Retirement 2030 Fund
Class A Shares Contractual 0.25% November 4, 2009 April 30, 2014
Class AX Shares Contractual 0.25% February 12, 2010 April 30, 2014
Class B Shares Contractual 1.00% November 4, 2009 April 30, 2014
Class C Shares Contractual 1.00% November 4, 2009 April 30, 2014
Class CX Shares Contractual 1.00% February 12, 2010 April 30, 2014
Class R Shares Contractual 0.50% November 4, 2009 April 30, 2014
Class R5 Shares Contractual 0.00% November 4, 2009 April 30, 2014
Class R6 Shares Contractual 0.00% September 24, 2012 April 30, 2014
Class RX Shares Contractual 0.50% February 12, 2010 April 30, 2014
Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2014
Invesco Balanced-Risk Retirement 2040 Fund
Class A Shares Contractual 0.25% November 4, 2009 April 30, 2014
Class AX Shares Contractual 0.25% February 12, 2010 April 30, 2014
Class B Shares Contractual 1.00% November 4, 2009 April 30, 2014
Class C Shares Contractual 1.00% November 4, 2009 April 30, 2014
Class CX Shares Contractual 1.00% February 12, 2010 April 30, 2014
Class R Shares Contractual 0.50% November 4, 2009 April 30, 2014
Class R5 Shares Contractual 0.00% November 4, 2009 April 30, 2014
Class R6 Shares Contractual 0.00% September 24, 2012 April 30, 2014
Class RX Shares Contractual 0.50% February 12, 2010 April 30, 2014
Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2014
Invesco Balanced-Risk Retirement 2050 Fund
Class A Shares Contractual 0.25% November 4, 2009 April 30, 2014
Class AX Shares Contractual 0.25% February 12, 2010 April 30, 2014
Class B Shares Contractual 1.00% November 4, 2009 April 30, 2014
Class C Shares Contractual 1.00% November 4, 2009 April 30, 2014
Class CX Shares Contractual 1.00% February 12, 2010 April 30, 2014
Class R Shares Contractual 0.50% November 4, 2009 April 30, 2014
Class R5 Shares Contractual 0.00% November 4, 2009 April 30, 2014
Class R6 Shares Contractual 0.00% September 24, 2012 April 30, 2014
Class RX Shares Contractual 0.50% February 12, 2010 April 30, 2014
Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2014
Invesco Balanced-Risk Retirement Now Fund
Class A Shares Contractual 0.25% November 4, 2009 April 30, 2014
Class AX Shares Contractual 0.25% February 12, 2010 April 30, 2014
Class B Shares Contractual 1.00% November 4, 2009 April 30, 2014
Class C Shares Contractual 1.00% November 4, 2009 April 30, 2014
Class CX Shares Contractual 1.00% February 12, 2010 April 30, 2014
Class R Shares Contractual 0.50% November 4, 2009 April 30, 2014
Class R5 Shares Contractual 0.00% November 4, 2009 April 30, 2014
Class R6 Shares Contractual 0.00% September 24, 2012 April 30, 2014
Class RX Shares Contractual 0.50% February 12, 2010 April 30, 2014
Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2014
See page 15 for footnotes to Exhibit A.
6
as of August 28, 2013
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ------------------ --------------
Invesco Conservative Allocation Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class R Shares Contractual 1.75% July 1, 2012 June 30, 2014
Class R5 Shares Contractual 1.25% July 1, 2012 June 30, 2014
Class S Shares Contractual 1.40% July 1, 2012 June 30, 2014
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2014
Invesco Convertible Securities Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class R5 Shares Contractual 1.25% July 1, 2012 June 30, 2014
Class R6 Shares Contractual 1.25% September 24, 2012 June 30, 2014
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2014
Invesco Global Quantitative Core Fund
Class A Shares Contractual 2.25% July 1, 2009 June 30, 2014
Class B Shares Contractual 3.00% July 1, 2009 June 30, 2014
Class C Shares Contractual 3.00% July 1, 2009 June 30, 2014
Class R Shares Contractual 2.50% July 1, 2009 June 30, 2014
Class R5 Shares Contractual 2.00% July 1, 2009 June 30, 2014
Class Y Shares Contractual 2.00% July 1, 2009 June 30, 2014
Invesco Growth Allocation Fund
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class R Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class R5 Shares Contractual 1.75% July 1, 2012 June 30, 2014
Class S Shares Contractual 1.90% July 1, 2012 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2014
Invesco Income Allocation Fund
Class A Shares Contractual 0.25% May 1, 2012 April 30, 2014
Class B Shares Contractual 1.00% May 1, 2012 April 30, 2014
Class C Shares Contractual 1.00% May 1, 2012 April 30, 2014
Class R Shares Contractual 0.50% May 1, 2012 April 30, 2014
Class R5 Shares Contractual 0.00% May 1, 2012 April 30, 2014
Class Y Shares Contractual 0.00% May 1, 2012 April 30, 2014
Invesco International Allocation Fund
Class A Shares Contractual 2.25% May 1, 2012 June 30, 2014
Class B Shares Contractual 3.00% May 1, 2012 June 30, 2014
Class C Shares Contractual 3.00% May 1, 2012 June 30, 2014
Class R Shares Contractual 2.50% May 1, 2012 June 30, 2014
Class R5 Shares Contractual 2.00% May 1, 2012 June 30, 2014
Class Y Shares Contractual 2.00% May 1, 2012 June 30, 2014
Invesco Leaders Fund
Class A Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class B Shares Contractual 3.00% July 1, 2012 June 30, 2014
Class C Shares Contractual 3.00% July 1, 2012 June 30, 2014
Class Y Shares Contractual 2.00% July 1, 2012 June 30, 2014
Invesco Mid Cap Core Equity Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2014
Class R5 Shares Contractual 1.75% July 1, 2009 June 30, 2014
Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2014
See page 15 for footnotes to Exhibit A.
7
as of August 28, 2013
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ------------------ -------------
Invesco Moderate Allocation Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class R Shares Contractual 1.75% July 1, 2012 June 30, 2014
Class R5 Shares Contractual 1.25% July 1, 2012 June 30, 2014
Class S Shares Contractual 1.40% July 1, 2012 June 30, 2014
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2014
Invesco Small Cap Growth Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2014
Class R5 Shares Contractual 1.75% July 1, 2009 June 30, 2014
Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2014
Investor Class Shares Contractual 2.00% July 1, 2009 June 30, 0000
Xxxxxxx X.X. Mortgage Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class R5 Shares Contractual 1.25% July 1, 2012 June 30, 2014
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2014
AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ------------------ -----------------
Invesco Asia Pacific Growth Fund
Class A Shares Contractual 2.25% July 1, 2009 June 30, 2014
Class B Shares Contractual 3.00% July 1, 2009 June 30, 2014
Class C Shares Contractual 3.00% July 1, 2009 June 30, 2014
Class Y Shares Contractual 2.00% July 1, 2009 June 30, 2014
Invesco European Growth Fund
Class A Shares Contractual 2.25% July 1, 2009 June 30, 2014
Class B Shares Contractual 3.00% July 1, 2009 June 30, 2014
Class C Shares Contractual 3.00% July 1, 2009 June 30, 2014
Class R Shares Contractual 2.50% July 1, 2009 June 30, 2014
Class Y Shares Contractual 2.00% July 1, 2009 June 30, 2014
Investor Class Shares Contractual 2.25% July 1, 2009 June 30, 2014
Invesco Global Growth Fund
Class A Shares Contractual 2.25% January 1, 2013 June 30, 2014
Class B Shares Contractual 3.00% January 1, 2013 June 30, 2014
Class C Shares Contractual 3.00% January 1, 2013 June 30, 2014
Class R5 Shares Contractual 2.00% January 1, 2013 June 30, 2014
Class R6 Shares Contractual 2.00% January 1, 2013 June 30, 2014
Class Y Shares Contractual 2.00% January 1, 2013 June 30, 2014
Invesco Global Opportunities Fund
Class A Shares Contractual 1.36% August 1, 2012 February 28, 2014
Class C Shares Contractual 2.11% August 1, 2012 February 28, 2014
Class R Shares Contractual 1.61% August 1, 2012 February 28, 2014
Class R5 Shares Contractual 1.11% August 1, 2012 February 28, 2014
Class R6 Shares Contractual 1.11% September 24, 2012 February 28, 2014
Class Y Shares Contractual 1.11% August 1, 2012 February 28, 2014
See page 15 for footnotes to Exhibit A.
8
as of August 28, 2013
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ------------------ -----------------
Invesco Select Opportunities Fund
Class A Shares Contractual 1.51% August 1, 2012 February 28, 2014
Class C Shares Contractual 2.26% August 1, 2012 February 28, 2014
Class R Shares Contractual 1.76% August 1, 2012 February 28, 2014
Class R5 Shares Contractual 1.26% August 1, 2012 February 28, 2014
Class R6 Shares Contractual 1.26% September 24, 2012 February 28, 2014
Class Y Shares Contractual 1.26% August 1, 2012 February 28, 2014
Invesco Global Small & Mid Cap Growth Fund
Class A Shares Contractual 2.25% July 1, 2009 June 30, 2014
Class B Shares Contractual 3.00% July 1, 2009 June 30, 2014
Class C Shares Contractual 3.00% July 1, 2009 June 30, 2014
Class R5 Shares Contractual 2.00% July 1, 2009 June 30, 2014
Class Y Shares Contractual 2.00% July 1, 2009 June 30, 2014
Invesco International Core Equity Fund
Class A Shares Contractual 2.25% July 1, 2009 June 30, 2014
Class B Shares Contractual 3.00% July 1, 2009 June 30, 2014
Class C Shares Contractual 3.00% July 1, 2009 June 30, 2014
Class R Shares Contractual 2.50% July 1, 2009 June 30, 2014
Class R5 Shares Contractual 2.00% July 1, 2009 June 30, 2014
Class R6 Shares Contractual 2.00% September 24, 2012 June 30, 2014
Class Y Shares Contractual 2.00% July 1, 2009 June 30, 2014
Investor Class Shares Contractual 2.25% July 1, 2009 June 30, 2014
Invesco International Growth Fund
Class A Shares Contractual 2.25% July 1, 2013 June 30, 2014
Class B Shares Contractual 3.00% July 1, 2013 June 30, 2014
Class C Shares Contractual 3.00% July 1, 2013 June 30, 2014
Class R Shares Contractual 2.50% July 1, 2013 June 30, 2014
Class R5 Shares Contractual 2.00% July 1, 2013 June 30, 2014
Class R6 Shares Contractual 2.00% July 1, 2013 June 30, 2014
Class Y Shares Contractual 2.00% July 1, 2013 June 30, 2014
AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ------------------ -------------
Invesco Balanced-Risk Allocation Fund/3/
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class R Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class R5 Shares Contractual 1.75% July 1, 2012 June 30, 2014
Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2014
Invesco Balanced-Risk Commodity Strategy
Fund/4/
Class A Shares Contractual 1.22% November 29, 2010 June 30, 2014
Class B Shares Contractual 1.97% November 29, 2010 June 30, 2014
Class C Shares Contractual 1.97% November 29, 2010 June 30, 2014
Class R Shares Contractual 1.47% November 29, 2010 June 30, 2014
Class R5 Shares Contractual 0.97% November 29, 2010 June 30, 2014
Class R6 Shares Contractual 0.97% September 24, 2012 June 30, 2014
Class Y Shares Contractual 0.97% November 29, 2010 June 30, 2014
Invesco China Fund
Class A Shares Contractual 2.25% July 1, 2009 June 30, 2014
Class B Shares Contractual 3.00% July 1, 2009 June 30, 2014
Class C Shares Contractual 3.00% July 1, 2009 June 30, 2014
Class R5 Shares Contractual 2.00% July 1, 2009 June 30, 2014
Class Y Shares Contractual 2.00% July 1, 2009 June 30, 2014
See page 15 for footnotes to Exhibit A.
9
as of August 28, 2013
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ------------------ -----------------
Invesco Developing Markets Fund
Class A Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class B Shares Contractual 3.00% July 1, 2012 June 30, 2014
Class C Shares Contractual 3.00% July 1, 2012 June 30, 2014
Class R5 Shares Contractual 2.00% July 1, 2012 June 30, 2014
Class R6 Shares Contractual 2.00% September 24, 2012 June 30, 2014
Class Y Shares Contractual 2.00% July 1, 2012 June 30, 2014
Invesco Emerging Market Local Currency Debt Fund
Class A Shares Contractual 1.24% June 14, 2010 February 28, 2014
Class B Shares Contractual 1.99% June 14, 2010 February 28, 2014
Class C Shares Contractual 1.99% June 14, 2010 February 28, 2014
Class R Shares Contractual 1.49% June 14, 2010 February 28, 2014
Class Y Shares Contractual 0.99% June 14, 2010 February 28, 2014
Class R5 Shares Contractual 0.99% June 14, 2010 February 28, 2014
Class R6 Shares Contractual 0.99% September 24, 2012 February 28, 2014
Invesco Emerging Markets Equity Fund
Class A Shares Contractual 1.85% May 11, 2011 February 28, 2014
Class C Shares Contractual 2.60% May 11, 2011 February 28, 2014
Class R Shares Contractual 2.10% May 11, 2011 February 28, 2014
Class R5 Shares Contractual 1.60% May 11, 2011 February 28, 2014
Class R6 Shares Contractual 1.60% September 24, 2012 February 28, 2014
Class Y Shares Contractual 1.60% May 11, 2011 February 28, 2014
Invesco Endeavor Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2014
Class R5 Shares Contractual 1.75% July 1, 2009 June 30, 2014
Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2014
Invesco Global Health Care Fund
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2014
Investor Class Shares Contractual 2.00% July 1, 2012 June 30, 2014
Invesco Global Markets Strategy Fund/5/
Class A Shares Contractual 2.25% August 28, 2013 February 28, 2014
Class C Shares Contractual 3.00% August 28, 2013 February 28, 2014
Class R Shares Contractual 2.50% August 28, 2013 February 28, 2014
Class R5 Shares Contractual 2.00% August 28, 2013 February 28, 2014
Class R6 Shares Contractual 2.00% August 28, 2013 February 28, 2014
Class Y Shares Contractual 2.00% August 28, 2013 February 28, 2014
Invesco International Total Return Fund
Class A Shares Contractual 1.10% March 31, 2006 February 28, 2014
Class B Shares Contractual 1.85% March 31, 2006 February 28, 2014
Class C Shares Contractual 1.85% March 31, 2006 February 28, 2014
Class R5 Shares Contractual 0.85% October 3, 2008 February 28, 2014
Class R6 Shares Contractual 0.85% September 24, 2012 February 28, 2014
Class Y Shares Contractual 0.85% March 31, 2006 February 28, 2014
See page 15 for footnotes to Exhibit A.
10
as of August 28, 2013
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ------------------ -----------------
Invesco Pacific Growth Fund
Class A Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class B Shares Contractual 3.00% July 1, 2012 June 30, 2014
Class C Shares Contractual 3.00% July 1, 2012 June 30, 2014
Class R Shares Contractual 2.50% July 1, 2012 June 30, 2014
Class R5 Shares Contractual 2.00% July 1, 2012 June 30, 2014
Class Y Shares Contractual 2.00% July 1, 2012 June 30, 2014
Invesco Premium Income Fund
Class A Shares Contractual 0.89% December 13, 2011 February 28, 2014
Class C Shares Contractual 1.64% December 13, 2011 February 28, 2014
Class R Shares Contractual 1.14% December 13, 2011 February 28, 2014
Class R5 Shares Contractual 0.64% December 13, 2011 February 28, 2014
Class R6 Shares Contractual 0.64% September 24, 2012 February 28, 2014
Class Y Shares Contractual 0.64% December 13, 2011 February 28, 2014
Invesco Select Companies Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2014
Class R5 Shares Contractual 1.75% July 1, 2009 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2014
AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ------------------ -------------
Invesco Corporate Bond Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class R Shares Contractual 1.75% July 1, 2012 June 30, 2014
Class R5 Shares Contractual 1.25% July 1, 2012 June 30, 2014
Class R6 Shares Contractual 1.25% September 24, 2012 June 30, 2014
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2014
Invesco Dynamics Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2014
Class R5 Shares Contractual 1.75% July 1, 2009 June 30, 2014
Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2014
Investor Class Shares Contractual 2.00% July 1, 2009 June 30, 2014
Invesco Global Real Estate Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2014
Class R5 Shares Contractual 1.75% July 1, 2009 June 30, 2014
Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2014
Invesco High Yield Fund
Class A Shares Contractual 1.50% July 1, 2013 June 30, 2014
Class B Shares Contractual 2.25% July 1, 2013 June 30, 2014
Class C Shares Contractual 2.25% July 1, 2013 June 30, 2014
Class R5 Shares Contractual 1.25% July 1, 2013 June 30, 2014
Class R6 Shares Contractual 1.25% July 1, 2013 June 30, 2014
Class Y Shares Contractual 1.25% July 1, 2013 June 30, 2014
Investor Class Shares Contractual 1.50% July 1, 2013 June 30, 2014
See page 15 for footnotes to Exhibit A.
11
as of August 28, 2013
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ------------------ -------------
Invesco High Yield Securities Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.00% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.10% July 1, 2012 June 30, 2014
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2014
Invesco Limited Maturity Treasury Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2014
Class A2 Shares Contractual 1.40% July 1, 2012 June 30, 2014
Class R5 Shares Contractual 1.25% July 1, 2012 June 30, 2014
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2014
Invesco Municipal Bond Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2014
Investor Class Shares Contractual 1.50% July 1, 2012 June 30, 2014
Invesco Real Estate Fund
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class R Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class R5 Shares Contractual 1.75% July 1, 2012 June 30, 2014
Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2014
Investor Class Shares Contractual 2.00% July 1, 2012 June 30, 2014
Invesco Short Term Bond Fund
Class A Shares Contractual 1.40% July 1, 2013 June 30, 2014
Class C Shares Contractual 1.75%/2/ July 1, 2013 June 30, 2014
Class R Shares Contractual 1.75% July 1, 2013 June 30, 2014
Class R5 Shares Contractual 1.25% July 1, 2013 June 30, 2014
Class R6 Shares Contractual 1.25% July 1, 2013 June 30, 2014
Class Y Shares Contractual 1.25% July 1, 2013 June 30, 0000
Xxxxxxx X.X. Government Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class R Shares Contractual 1.75% July 1, 2012 June 30, 2014
Class R5 Shares Contractual 1.25% July 1, 2012 June 30, 2014
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2014
Investor Class Shares Contractual 1.50% July 1, 2012 June 30, 2014
AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ----------------- -------------
Invesco American Value Fund
Class A Shares Contractual 2.00% July 1, 2013 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2013 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2013 June 30, 2014
Class R Shares Contractual 2.25% July 1, 2013 June 30, 2014
Class R5 Shares Contractual 1.75% July 1, 2013 June 30, 2014
Class R6 Shares Contractual 1.75% July 1, 2013 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2013 June 30, 2014
See page 15 for footnotes to Exhibit A.
12
as of August 28, 2013
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ------------------ ---------------
Invesco Xxxxxxxx Fund
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class R Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class R5 Shares Contractual 1.75% July 1, 2012 June 30, 2014
Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2014
Invesco Energy Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class R5 Shares Contractual 1.75% July 1, 2009 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2014
Investor Class Shares Contractual 2.00% July 1, 2009 June 30, 2014
Invesco Dividend Income Fund
Class A Shares Contractual 1.10% February 6, 2013 August 31, 2014
Class B Shares Contractual 1.85% February 6, 2013 August 31, 2014
Class C Shares Contractual 1.85% February 6, 2013 August 31, 2014
Class R5 Shares Contractual 0.85% February 6, 2013 August 31, 2014
Class R6 Shares Contractual 0.85% February 6, 2013 August 31, 2014
Class Y Shares Contractual 0.85% February 6, 2013 August 31, 2014
Investor Class Shares Contractual 1.10% February 6, 2013 August 31, 2014
Invesco Gold & Precious Metals Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2014
Investor Class Shares Contractual 2.00% July 1, 2009 June 30, 2014
Invesco Leisure Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2014
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2014
Investor Class Shares Contractual 2.00% July 1, 2009 June 30, 2014
Invesco Mid Cap Growth Fund
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2013
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2013
Class R Shares Contractual 2.25% July 1, 2012 June 30, 2013
Class R5 Shares Contractual 1.75% July 1, 2012 June 30, 2013
Class R6 Shares Contractual 1.75% January 18, 2013 June 30, 2013
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2013
Invesco Mid Cap Growth Fund
Class A Shares Contractual 1.15% July 15, 2013 July 31, 2015
Class B Shares Contractual 1.90% July 15, 2013 July 31, 2015
Class C Shares Contractual 1.90% July 15, 2013 July 31, 2015
Class R Shares Contractual 1.40% July 15, 2013 July 31, 2015
Class R5 Shares Contractual 0.90% July 15, 2013 July 31, 2015
Class R6 Shares Contractual 0.90% July 15, 2013 July 31, 2015
Class Y Shares Contractual 0.90% July 15, 2013 July 31, 2015
See page 15 for footnotes to Exhibit A.
13
as of August 28, 2013
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ----------------- -------------
Invesco Small Cap Value Fund
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2014
Invesco Technology Fund
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class R5 Shares Contractual 1.75% July 1, 2012 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2014
Investor Class Shares Contractual 2.00% July 1, 2012 June 30, 2014
Invesco Technology Sector Fund
Class A Shares Contractual 2.00% February 12, 2010 June 30, 2014
Class B Shares Contractual 2.75% February 12, 2010 June 30, 2014
Class C Shares Contractual 2.75% February 12, 2010 June 30, 2014
Class Y Shares Contractual 1.75% February 12, 2010 June 30, 2014
Invesco Value Opportunities Fund
Class A Shares Contractual 2.00% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.75% July 1, 2012 June 30, 2014
Class R Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class R5 Shares Contractual 1.75% July 1, 2012 June 30, 2014
Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2014
AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ----------------- -------------
Invesco High Yield Municipal Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class R5 Shares Contractual 1.25% July 1, 2012 June 30, 2014
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2014
Invesco Intermediate Term Municipal Income Fund
Class A Shares Contractual 0.80% July 1, 2013 June 30, 2014
Class B Shares Contractual 1.55% July 1, 2013 June 30, 2014
Class C Shares Contractual 1.55% July 1, 2013 June 30, 2014
Class Y Shares Contractual 0.55% July 1, 2013 June 30, 2014
Invesco Municipal Income Fund
Class A Shares Contractual 1.50% July 1, 2013 June 30, 2014
Class B Shares Contractual 2.25% July 1, 2013 June 30, 2014
Class C Shares Contractual 2.25% July 1, 2013 June 30, 2014
Class Y Shares Contractual 1.25% July 1, 2013 June 30, 2014
Investor Class Contractual 1.50% July 15, 2013 June 30, 2014
Invesco New York Tax Free Income Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2014
Class B Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.25% July 1, 2012 June 30, 2014
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2014
See page 15 for footnotes to Exhibit A.
14
as of August 28, 2013
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ----------------- -------------
Invesco Tax-Free Intermediate Fund
Class A Shares Contractual 1.50% July 1, 2012 June 30, 2014
Class A2 Shares Contractual 1.25% July 1, 2012 June 30, 2014
Class C Shares Contractual 2.25% June 30, 2013 June 30, 2014
Class R5 Shares Contractual 1.25% July 1, 2012 June 30, 2014
Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2014
INVESCO SECURITIES TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ----------------- -----------------
Invesco Balanced-Risk Aggressive
Allocation Fund Contractual 1.15% January 16, 2013 February 28, 2014
/1/ The total operating expenses of any class of shares established after the
date of this Memorandum of Agreement will be limited to the amount
established for Class A Shares plus the difference between the new class
12b-1 rate and the Class A 12b-1 rate.
/2/ The expense limit shown is the expense limit after Rule 12b-1 fee waivers
by Invesco Distributors, Inc.
/3/ Includes waived fees or reimbursed expenses that Invesco receives from
Invesco Cayman Commodity Fund I, Ltd.
/4/ Includes waived fees or reimbursed expenses that Invesco receives from
Invesco Cayman Commodity Fund III, Ltd.
/5/ Includes waived fees or reimbursed expenses that Invesco receives from
Invesco Cayman Commodity Fund V, Ltd.
15
as of August 28, 2013
EXHIBIT "B" - INSTITUTIONAL MONEY MARKET FUNDS/1,2/
SHORT-TERM INVESTMENTS TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ----------------- -----------------
Government & Agency Portfolio
Cash Management Class Contractual 0.22%/2/ July 1, 2009 December 31, 2013
Corporate Class Contractual 0.17% July 1, 2009 December 31, 2013
Institutional Class Contractual 0.14% July 1, 2009 December 31, 2013
Personal Investment Class Contractual 0.69%/2/ July 1, 2009 December 31, 2013
Private Investment Class Contractual 0.44%/2/ July 1, 2009 December 31, 2013
Reserve Class Contractual 1.01%/2/ July 1, 2009 December 31, 2013
Resource Class Contractual 0.30%/2/ July 1, 2009 December 31, 2013
Government TaxAdvantage Portfolio
Cash Management Class Contractual 0.22%/2/ July 1, 2009 December 31, 2013
Corporate Class Contractual 0.17% July 1, 2009 December 31, 2013
Institutional Class Contractual 0.14% July 1, 2009 December 31, 2013
Personal Investment Class Contractual 0.69%/2/ July 1, 2009 December 31, 2013
Private Investment Class Contractual 0.39%/2/ July 1, 2009 December 31, 2013
Reserve Class Contractual 1.01%/2/ July 1, 2009 December 31, 2013
Resource Class Contractual 0.30%/2/ July 1, 2009 December 31, 2013
Liquid Assets Portfolio
Cash Management Class Contractual 0.22%/2/ July 1, 2009 December 31, 2013
Corporate Class Contractual 0.17% July 1, 2009 December 31, 2013
Institutional Class Contractual 0.14% July 1, 2009 December 31, 2013
Personal Investment Class Contractual 0.69%/2/ July 1, 2009 December 31, 2013
Private Investment Class Contractual 0.44%/2/ July 1, 2009 December 31, 2013
Reserve Class Contractual 1.01%/2/ July 1, 2009 December 31, 2013
Resource Class Contractual 0.34% July 1, 2009 December 31, 2013
STIC Prime Portfolio
Cash Management Class Contractual 0.22%/2/ July 1, 2009 December 31, 2013
Corporate Class Contractual 0.17% July 1, 2009 December 31, 2013
Institutional Class Contractual 0.14% July 1, 2009 December 31, 2013
Personal Investment Class Contractual 0.69%/2/ July 1, 2009 December 31, 2013
Private Investment Class Contractual 0.44%/2/ July 1, 2009 December 31, 2013
Reserve Class Contractual 1.01%/2/ July 1, 2009 December 31, 2013
Resource Class Contractual 0.30%/2/ July 1, 2009 December 31, 2013
Tax-Free Cash Reserve Portfolio/3/
Cash Management Class Contractual 0.33%/2/ July 1, 2009 December 31, 2013
Corporate Class Contractual 0.28% July 1, 2009 December 31, 2013
Institutional Class Contractual 0.25% July 1, 2009 December 31, 2013
Personal Investment Class Contractual 0.80%/2/ July 1, 2009 December 31, 2013
Private Investment Class Contractual 0.50%/2/ July 1, 2009 December 31, 2013
Reserve Class Contractual 1.12%/2/ July 1, 2009 December 31, 2013
Resource Class Contractual 0.41%/2/ July 1, 2009 December 31, 2013
Treasury Portfolio
Cash Management Class Contractual 0.22%/2/ July 1, 2009 December 31, 2013
Corporate Class Contractual 0.17% July 1, 2009 December 31, 2013
Institutional Class Contractual 0.14% July 1, 2009 December 31, 2013
Personal Investment Class Contractual 0.69%/2/ July 1, 2009 December 31, 2013
Private Investment Class Contractual 0.44%/2/ July 1, 2009 December 31, 2013
Reserve Class Contractual 1.01%/2/ July 1, 2009 December 31, 2013
Resource Class Contractual 0.30%/2/ July 1, 2009 December 31, 2013
/1/ The expense rate excluding 12b-1 fees of any class of shares established
after the date of this Memorandum of Agreement will be the same as
existing classes.
/2/ The expense limit shown is the expense limit after Rule 12b-1 fee waivers
by Invesco Distributors, Inc.
/3/ The expense limitation also excludes Trustees' fees and federal
registration expenses.
16
as of August 28, 2013
EXHIBIT "C" - VARIABLE INSURANCE FUNDS
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ----------------- --------------
Invesco V.I. American Franchise Fund
Series I Shares Contractual 0.90% July 1, 2012 June 30, 2014
Series II Shares Contractual 1.15% July 1, 2012 June 30, 2014
Invesco V.I. American Value Fund
Series I Shares Contractual 2.00% July 1, 2012 June 30, 2014
Series II Shares Contractual 2.25% July 1, 2012 June 30, 2014
Invesco V.I. Balanced-Risk Allocation Fund/1/
Series I Shares Contractual 0.78% July 1, 2013 April 30, 2014
Series II Shares Contractual 1.03% July 1, 2013 April 30, 2014
Invesco V.I. Xxxxxxxx Fund
Series I Shares Contractual 0.78% May 1, 2013 April 30, 2014
Series II Shares Contractual 1.03% May 1, 2013 April 30, 2014
Invesco V.I. Core Equity Fund
Series I Shares Contractual 2.00% May 1, 2013 June 30, 2014
Series II Shares Contractual 2.25% May 1, 2013 June 30, 2014
Invesco V.I. Diversified Dividend Fund
Series I Shares Contractual 2.00% May 1, 2013 June 30, 2014
Series II Shares Contractual 2.25% May 1, 2013 June 30, 2014
Invesco V.I. Diversified Income Fund
Series I Shares Contractual 0.75% July 1, 2005 April 30, 2014
Series II Shares Contractual 1.00% July 1, 2005 April 30, 2014
Invesco V.I. Equally-Weighted S&P 500 Fund
Series I Shares Contractual 2.00% July 1, 2012 June 30, 2014
Series II Shares Contractual 2.25% July 1, 2012 June 30, 2014
Invesco V.I. Equity and Income Fund
Series I Shares Contractual 1.50% July 1, 2012 June 30, 2014
Series II Shares Contractual 1.75% July 1, 2012 June 30, 2014
Invesco V.I. Global Core Equity Fund
Series I Shares Contractual 2.25% July 1, 2012 June 30, 2014
Series II Shares Contractual 2.50% July 1, 2012 June 30, 2014
17
as of August 28, 2013
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ----------------- --------------
Invesco V.I. Global Health Care Fund
Series I Shares Contractual 2.00% May 1, 2013 June 30, 2014
Series II Shares Contractual 2.25% May 1, 2013 June 30, 2014
Invesco V.I. Global Real Estate Fund
Series I Shares Contractual 2.00% May 1, 2013 June 30, 2014
Series II Shares Contractual 2.25% May 1, 2013 June 30, 2014
Invesco V.I. Government Securities Fund
Series I Shares Contractual 1.50% May 1, 2013 June 30, 2014
Series II Shares Contractual 1.75% May 1, 2013 June 30, 2014
Invesco V.I. Growth and Income Fund
Series I Shares Contractual 0.78% May 1, 2013 April 30, 2014
Series II Shares Contractual 1.03% May 1, 2013 April 30, 2014
Invesco V.I. High Yield Fund
Series I Shares Contractual 0.80% May 2, 2011 April 30, 2014
Series II Shares Contractual 1.05% May 2, 2011 April 30, 2014
Invesco V.I. International Growth Fund
Series I Shares Contractual 2.25% July 1, 2012 June 30, 2014
Series II Shares Contractual 2.50% July 1, 2012 June 30, 2014
Invesco V.I. Mid Cap Core Equity Fund
Series I Shares Contractual 2.00% May 1, 2013 June 30, 2014
Series II Shares Contractual 2.25% May 1, 2013 June 30, 2014
Invesco V.I. Mid Cap Growth Fund
Series I Shares Contractual 1.09% July 1, 2012 June 30, 2014
Series II Shares Contractual 1.34% July 1, 2012 June 30, 2014
Invesco V.I. Money Market Fund
Series I Shares Contractual 1.50% May 1, 2013 June 30, 2014
Series II Shares Contractual 1.75% May 1, 2013 June 30, 2014
Invesco V.I. S&P 500 Index Fund
Series I Shares Contractual 2.00% July 1, 2012 June 30, 2014
Series II Shares Contractual 2.25% July 1, 2012 June 30, 2014
Invesco V.I. Small Cap Equity Fund
Series I Shares Contractual 2.00% May 1, 2013 June 30, 2014
Series II Shares Contractual 2.25% May 1, 2013 June 30, 2014
18
as of August 28, 2013
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ----------------- -------------
Invesco V.I. Technology Fund
Series I Shares Contractual 2.00% May 1, 2013 June 30, 2014
Series II Shares Contractual 2.25% May 1, 2013 June 30, 2014
Invesco V.I. Utilities Fund
Series I Shares Contractual 2.00% May 1, 2012 June 30, 2014
Series II Shares Contractual 2.25% May 1, 2012 June 30, 2014
Invesco V.I. Value Opportunities Fund
Series I Shares Contractual 2.00% May 1, 2013 June 30, 2014
Series II Shares Contractual 2.25% May 1, 2013 June 30, 2014
19
as of August 28, 2013
EXHIBIT "D" - CLOSED-END FUNDS
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ----------------- ---------------
Invesco Municipal Income Opportunities Trust Contractual 0.67% August 27, 2012 August 31, 2014
INVESCO QUALITY MUNICIPAL INCOME TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ----------------- ----------------
Invesco Quality Municipal Income Trust Contractual 0.50% October 15, 2012 October 31, 2014
INVESCO VALUE MUNICIPAL INCOME TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---- ------------ ---------- ----------------- ----------------
Invesco Value Municipal Income Trust Contractual 0.46% October 15, 2012 October 31, 2014
20
Sub-Item 77Q1(e)
MEMORANDUM OF AGREEMENT
(ADVISORY FEE WAIVERS)
This Memorandum of Agreement is entered into as of the effective date on the
attached Exhibit A and B (each an "Exhibit" or, collectively the "Exhibits"),
between AIM Counselor Series Trust (Invesco Counselor Series Trust), AIM Equity
Funds (Invesco Equity Funds), AIM Funds Group (Invesco Funds Group), AIM Growth
Series (Invesco Growth Series), AIM International Mutual Funds (Invesco
International Mutual Funds), AIM Investment Funds (Invesco Investment Funds),
AIM Investment Securities Funds (Invesco Investment Securities Funds), AIM
Sector Funds (Invesco Sector Funds), AIM Tax-Exempt Funds (Invesco Tax-Exempt
Funds), AIM Treasurer's Series Trust (Invesco Treasurer's Series Trust), AIM
Variable Insurance Funds (Invesco Variable Insurance Funds), Invesco Municipal
Income Opportunities Trust, Invesco Securities Trust, Invesco, Invesco Quality
Municipal Income Trust and Invesco Value Municipal Income Trust (each a "Trust"
or, collectively, the "Trusts"), on behalf of the funds listed on the Exhibits
to this Memorandum of Agreement (the "Funds"), and Invesco Advisers, Inc.
("Invesco"). Invesco shall and hereby agrees to waive fees of the Funds, on
behalf of their respective classes as applicable, severally and not jointly, as
indicated in the Exhibits.
For and in consideration of the mutual terms and agreements set forth herein
and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, Invesco agrees that until at least the expiration date
set forth on Exhibit A (the "Expiration Date") and with respect to those Funds
listed on the Exhibit, Invesco will waive its advisory fees at the rate set
forth on the Exhibit.
For and in consideration of the mutual terms and agreements set forth herein
and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the Trusts and Invesco agree as follows:
1. Invesco agrees that until the expiration date, if any, of the
commitment set forth on the attached Exhibit B occurs, as such Exhibit
B is amended from time to time, Invesco will waive advisory fees
payable by an Investing Fund (defined below) in an amount equal to 100%
of the net advisory fee Invesco receives on the Uninvested Cash
(defined below) from the Affiliated Money Market Fund (defined below)
in which the Investing Fund invests (the "Waiver").
i. Invesco's Fund Accounting Group will calculate, and apply, the
Waiver monthly, based upon the average investment of Uninvested
Cash made by the Investing Fund during the previous month in an
Affiliated Money Market Fund.
ii. The Waiver will not apply to those Investing Funds that do not
charge an advisory fee, either due to the terms of their advisory
agreement, or as a result of contractual or voluntary fee waivers.
iii. The Waiver will not apply to cash collateral for securities
lending.
For purposes of the paragraph above, the following terms shall have the
following meanings:
(a) "Affiliated Money Market Fund"--any existing or future Trust that
holds itself out as a money market fund and complies with Rule
2a-7 under the Investment Company Act of 1940, as amended;
(b) "Investing Fund" - any Fund investing Cash Balances and/or Cash
Collateral in an Affiliated Money Market Fund; and
(c) "Uninvested Cash" - cash available and uninvested by a Trust that
may result from a variety of sources, including dividends or
interest received on portfolio securities, unsettled securities
transactions, strategic reserves, matured investments, proceeds
from liquidation of investment securities, dividend payments, or
new investor capital.
2. Neither a Trust nor Invesco may remove or amend the Waiver to a Trust's
detriment prior to requesting and receiving the approval of the Board
of Trustee of the applicable Fund's Trust to remove or amend such
Waiver. Invesco will not have any right to reimbursement of any amount
so waived.
The Boards of Trustees and Invesco may terminate or modify this Memorandum
of Agreement prior to the Expiration Date only by mutual written consent.
Invesco will not have any right to reimbursement of any amount so waived or
reimbursed.
Subject to the foregoing paragraphs, Invesco agrees to review the
then-current waivers for each class of the Funds listed on the Exhibits on a
date prior to the Expiration Date to determine whether such waivers should be
amended, continued or terminated. The waivers will expire upon the Expiration
Date unless the Trusts and Invesco have agreed to continue them. The Exhibits
will be amended to reflect any such agreement.
It is expressly agreed that the obligations of the Trusts hereunder shall
not be binding upon any of the Trustees, shareholders, nominees, officers,
agents or employees of the Trusts personally, but shall only bind the assets
and property of the Funds, as provided in each Trust's Agreement and
Declaration of Trust. The execution and delivery of this Memorandum of
Agreement have been authorized by the Trustees of each Trust, and this
Memorandum of Agreement has been executed and delivered by an authorized
officer of each Trust acting as such; neither such authorization by such
Trustees nor such execution and delivery by such officer shall be deemed to
have been made by any of them individually or to impose any liability on any of
them personally, but shall bind only the assets and property of the Funds, as
provided in each Trust's Agreement and Declaration of Trust.
IN WITNESS WHEREOF, each of the Trusts, on behalf of itself and its Funds
listed in Exhibit A and B to this Memorandum of Agreement, and Invesco have
entered into this Memorandum of Agreement as of the Effective Date on the
attached Exhibits.
AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
AIM FUNDS GROUP (INVESCO FUNDS GROUP)
AIM GROWTH SERIES (INVESCO GROWTH SERIES)
AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)
AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
AIM TREASURER'S SERIES TRUST (INVESCO TREASURER'S SERIES TRUST)
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST
INVESCO QUALITY MUNICIPAL INCOME TRUST
INVESCO SECURITIES TRUST
INVESCO VALUE MUNICIPAL INCOME TRUST
on behalf of the Funds listed in the Exhibit
to this Memorandum of Agreement
By: /s/ Xxxx X. Xxxx
--------------------------
Title: Senior Vice President
INVESCO ADVISERS, INC.
By: /s/ Xxxx X. Xxxx
--------------------------
Title: Senior Vice President
EXHIBIT A TO ADVISORY FEE MOA
AIM EQUITY FUNDS
(INVESCO EQUITY EXPIRATION
FUNDS) WAIVER DESCRIPTION EFFECTIVE DATE DATE
---------------- ----------------------------------------------- -------------- ----------
Invesco Constellation Fund Invesco will waive advisory fees to the extent 3/27/2006 12/31/2013*
necessary so that advisory fees Invesco
receives do not exceed the annualized rates
listed below.
0.695% of the first $250M
0.615% of the next $4B
0.595% of the next $750M
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
AIM TREASURER'S
SERIES TRUST
(INVESCO TREASURER'S EXPIRATION
SERIES TRUST) WAIVER DESCRIPTION EFFECTIVE DATE DATE
-------------------- -------------------------------------------- -------------- ----------
Premier Portfolio Invesco will waive advisory fees in the 2/1/2011 12/31/2013
amount of 0.07% of the Fund's average daily
net assets
Premier U.S. Government Invesco will waive advisory fees in the 2/1/2011 12/31/2013
Money Portfolio amount of 0.07% of the Fund's average daily
net assets
* Or upon the closing of the Fund merger with Invesco American Franchise Fund
EXHIBIT "B"
AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
PORTFOLIO EFFECTIVE DATE COMMITTED UNTIL
--------- ----------------- ---------------
Invesco American Franchise Fund February 12, 2010 June 30, 0000
Xxxxxxx Xxxxxxxxxx Tax-Free Income Fund February 12, 2010 June 30, 2014
Invesco Core Plus Bond Fund June 2, 2009 June 30, 2014
Invesco Equally-Weighted S&P 500 Fund February 12, 2010 June 30, 2014
Invesco Equity and Income Fund February 12, 2010 June 30, 2014
Invesco Floating Rate Fund July 1, 2007 June 30, 2014
Invesco Global Real Estate Income Fund July 1, 2007 June 30, 2014
Invesco Growth and Income Fund February 12, 2010 June 30, 0000
Xxxxxxx Xxxxxxxxxxxx Tax Free Income Fund February 12, 2010 June 30, 2014
Invesco S&P 500 Index Fund February 12, 2010 June 30, 2014
Invesco Small Cap Discovery Fund February 12, 2010 June 30, 0000
Xxxxxxx X.X. Quantitative Core Fund July 1, 2007 June 30, 2014
AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
PORTFOLIO EFFECTIVE DATE COMMITTED UNTIL
--------- -------------- ---------------
Invesco Charter Fund July 1, 2007 June 30, 2014
Invesco Constellation Fund July 1, 2007 June 30, 2014
Invesco Disciplined Equity Fund July 14, 2009 June 30, 2014
Invesco Diversified Dividend Fund July 1, 2007 June 30, 0000
Xxxxxxx Xxxxxx Fund July 1, 2007 June 30, 2014
AIM FUNDS GROUP (INVESCO FUNDS GROUP)
FUND EFFECTIVE DATE COMMITTED UNTIL
---- -------------- ---------------
Invesco European Small Company Fund July 1, 2007 June 30, 2014
Invesco Global Core Equity Fund July 1, 2007 June 30, 2014
Invesco International Small Company Fund July 1, 2007 June 30, 2014
Invesco Small Cap Equity Fund July 1, 2007 June 30, 2014
AIM GROWTH SERIES (INVESCO GROWTH SERIES)
FUND EFFECTIVE DATE COMMITTED UNTIL
---- ----------------- ---------------
Invesco Convertible Securities Fund February 12, 2010 June 30, 2014
Invesco Global Quantitative Core Fund July 1, 2007 June 30, 2014
Invesco Leaders Fund February 12, 2010 June 30, 2014
Invesco Mid Cap Core Equity Fund July 1, 2007 June 30, 2014
Invesco Small Cap Growth Fund July 1, 2007 June 30, 0000
Xxxxxxx X.X. Mortgage Fund February 12, 2010 June 30, 2014
AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)
FUND EFFECTIVE DATE COMMITTED UNTIL
---- -------------- ---------------
Invesco Asia Pacific Growth Fund July 1, 2007 June 30, 2014
Invesco European Growth Fund July 1, 2007 June 30, 2014
Invesco Global Growth Fund July 1, 2007 June 30, 2014
Invesco Global Opportunities Fund August 3, 2012 June 30, 2014
Invesco Global Small & Mid Cap Growth Fund July 1, 2007 June 30, 2014
Invesco International Core Equity Fund July 1, 2007 June 30, 2014
Invesco International Growth Fund July 1, 2007 June 30, 2014
Invesco Select Opportunities Fund August 3, 2012 June 30, 2014
AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
FUND EFFECTIVE DATE COMMITTED UNTIL
---- ------------------ ---------------
Invesco Balanced-Risk Allocation Fund* May 29, 2009 June 30, 2014
Invesco Balanced-Risk Commodity Strategy Fund** November 29, 2010 June 30, 2014
Invesco China Fund July 1, 2007 June 30, 2014
Invesco Developing Markets Fund July 1, 2007 June 30, 2014
Invesco Emerging Markets Equity Fund May 11, 2011 June 30, 2014
Invesco Emerging Market Local Currency Debt Fund June 14, 2010 June 30, 2014
Invesco Endeavor Fund July 1, 2007 June 30, 2014
Invesco Global Health Care Fund July 1, 2007 June 30, 2014
Invesco Global Markets Strategy Fund September 25, 2012 June 30, 2014
Invesco International Total Return Fund July 1, 2007 June 30, 2014
Invesco Pacific Growth Fund February 12, 2010 June 30, 2014
Invesco Premium Income Fund December 13, 2011 June 30, 2014
Invesco Select Companies Fund July 1, 2007 June 30, 2014
AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
FUND EFFECTIVE DATE COMMITTED UNTIL
---- ----------------- ---------------
Invesco Corporate Bond Fund February 12, 2010 June 30, 2014
Invesco Dynamics Fund July 1, 2007 June 30, 2014
Invesco Global Real Estate Fund July 1, 2007 June 30, 2014
Invesco High Yield Fund July 1, 2007 June 30, 2014
Invesco High Yield Securities Fund February 12, 2010 June 30, 2014
Invesco Limited Maturity Treasury Fund July 1, 2007 June 30, 2014
Invesco Money Market Fund July 1, 2007 June 30, 2014
Invesco Municipal Bond Fund July 1, 2007 June 30, 2014
Invesco Real Estate Fund July 1, 2007 June 30, 2014
Invesco Short Term Bond Fund July 1, 2007 June 30, 0000
Xxxxxxx X.X. Government Fund July 1, 2007 June 30, 2014
--------
* Advisory fees to be waived by Invesco for Invesco Balanced-Risk Allocation
Fund also include advisory fees that Invesco receives on the Uninvested Cash
from the Affiliated Money Market Fund in which Invesco Cayman Commodity Fund
I, Ltd. invests.
** Advisory fees to be waived by Invesco for Invesco Balanced-Risk Commodity
Strategy Fund also include advisory fees that Invesco receives on the
Uninvested Cash from the Affiliated Money Market Fund in which Invesco
Cayman Commodity Fund III, Ltd. invests.
AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
FUND EFFECTIVE DATE COMMITTED UNTIL
---- ----------------- ---------------
Invesco American Value Fund February 12, 2010 June 30, 2014
Invesco Xxxxxxxx Fund February 12, 2010 June 30, 2014
Invesco Dividend Income Fund July 1, 2007 June 30, 2014
Invesco Energy Fund July 1, 2007 June 30, 2014
Invesco Gold & Precious Metals Fund July 1, 2007 June 30, 2014
Invesco Leisure Fund July 1, 2007 June 30, 2014
Invesco Mid Cap Growth Fund February 12, 2010 June 30, 2014
Invesco Small Cap Value Fund February 12, 2010 June 30, 2014
Invesco Technology Fund July 1, 2007 June 30, 2014
Invesco Technology Sector Fund February 12, 2010 June 30, 2014
Invesco Value Opportunities Fund February 12, 2010 June 30, 2014
AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
FUND EFFECTIVE DATE COMMITTED UNTIL
---- ----------------- ---------------
Invesco High Yield Municipal Fund February 12, 2010 June 30, 2014
Invesco Intermediate Term Municipal Income Fund February 12, 2010 June 30, 2014
Invesco Municipal Income Fund February 12, 2010 June 30, 2014
Invesco New York Tax Free Income Fund February 12, 2010 June 30, 2014
Invesco Tax-Exempt Cash Fund July 1, 2007 June 30, 2014
Invesco Tax-Free Intermediate Fund July 1, 2007 June 30, 2014
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
FUND EFFECTIVE DATE COMMITTED UNTIL
---- ----------------- ---------------
Invesco V.I. American Franchise Fund February 12, 2010 June 30, 2014
Invesco V.I. American Value Fund February 12, 2010 June 30, 2014
Invesco V.I. Balanced-Risk Allocation Fund*** December 22, 2010 June 30, 2014
Invesco V.I. Xxxxxxxx Fund February 12, 2010 June 30, 2014
Invesco V.I. Core Equity Fund July 1, 2007 June 30, 2014
Invesco V.I. Diversified Dividend Fund February 12, 2010 June 30, 2014
Invesco V.I. Diversified Income Fund July 1, 2007 June 30, 2014
Invesco V.I. Equally-Weighted S&P 500 Fund February 12, 2010 June 30, 2014
Invesco V.I. Equity and Income Fund February 12, 2010 June 30, 2014
Invesco V.I. Global Core Equity Fund February 12, 2010 June 30, 2014
Invesco V.I. Global Health Care Fund July 1, 2007 June 30, 2014
Invesco V.I. Global Real Estate Fund July 1, 2007 June 30, 2014
Invesco V.I. Government Securities Fund July 1, 2007 June 30, 2014
Invesco V.I. Growth and Income Fund February 12, 2010 June 30, 2014
Invesco V.I. High Yield Fund July 1, 2007 June 30, 2014
Invesco V.I. International Growth Fund July 1, 2007 June 30, 2014
Invesco V.I. Mid Cap Core Equity Fund July 1, 2007 June 30, 2014
Invesco V.I. Mid Cap Growth Fund February 12, 2010 June 30, 2014
Invesco V.I. Money Market Fund July 1, 2007 June 30, 2014
Invesco V.I. S&P 500 Index Fund February 12, 2010 June 30, 2014
Invesco V.I. Small Cap Equity Fund July 1, 2007 June 30, 2014
Invesco V.I. Technology Fund July 1, 2007 June 30, 2014
Invesco V.I. Utilities Fund July 1, 2007 June 30, 2014
Invesco V.I. Value Opportunities Fund July 1, 2007 June 30, 2014
--------
*** Advisory fees to be waived by Invesco for Invesco V.I. Balanced-Risk
Allocation Fund also include an amount equal to advisory fees that Invesco
receives from any money market fund or similarly pooled cash equivalent
investment vehicle advised by Invesco and/or Invesco's affiliates in which
Invesco Cayman Commodity Fund IV, Ltd. invests.
INVESCO SECURITIES TRUST
FUND EFFECTIVE DATE COMMITTED UNTIL
---- ---------------- ---------------
Invesco Balanced-Risk Aggressive Allocation Fund January 16, 2013 June 30, 2014
CLOSED-END FUNDS
FUND EFFECTIVE DATE COMMITTED UNTIL
---- -------------- ---------------
Invesco Municipal Income Opportunities Trust June 1, 2010 June 30, 2014
Invesco Quality Municipal Income Trust June 1, 2010 June 30, 2014
Invesco Value Municipal Income Trust June 1, 2010 June 30, 2014
Sub-Item 77Q1(e)
SEVENTH AMENDED AND RESTATED
MEMORANDUM OF AGREEMENT
(SECURITIES LENDING ADMINISTRATIVE FEE WAIVER)
This Sixth Amended and Restated Memorandum of Agreement is entered into as
of the dates indicated on Exhibit "A" between AIM Counselor Series Trust
(Invesco Counselor Series Trust), AIM Equity Funds (Invesco Equity Funds),
AIM Funds Group (Invesco Funds Group), AIM Growth Series (Invesco Growth
Series), AIM International Mutual Funds (Invesco International Mutual Funds),
AIM Investment Funds (Invesco Investment Funds), AIM Investment Securities
Funds (Invesco Investment Securities Funds), AIM Sector Funds (Invesco Sector
Funds), AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds), AIM Treasurer's Series
Trust (Invesco Treasurer's Series Trust), AIM Variable Insurance Funds (Invesco
Variable Insurance Funds), Invesco Securities Trust and Short-Term Investments
Trust (each a "Fund" and collectively, the "Funds"), on behalf of the
portfolios listed on Exhibit "A" to this Memorandum of Agreement (the
"Portfolios"), and Invesco Advisers, Inc. ("Invesco").
For and in consideration of the mutual terms and agreements set forth herein
and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the Funds and Invesco agree as follows:
1. Invesco agrees that until the expiration date, if any, of the
commitment set forth on the attached Exhibit "A" occurs, as such
Exhibit "A" is amended from time to time, Invesco will not charge any
administrative fee under each Portfolio's advisory agreement in
connection with securities lending activities without prior approval
from the Portfolio's Board (such agreement is referred to as the
"Waiver").
2. Neither a Fund nor Invesco may remove or amend the Waiver to a Fund's
detriment prior to requesting and receiving the approval of the
Portfolio's Board to remove or amend the Waiver. Invesco will not have
any right to reimbursement of any amount so waived.
Unless a Fund, by vote of its Board of Trustees terminates the Waiver, or a
Fund and Invesco are unable to reach an agreement on the amount of the Waiver
to which the Fund and Invesco desire to be bound, the Waiver will continue
indefinitely with respect to such Fund. Exhibit "A" will be amended to reflect
the new date through which a Fund and Invesco agree to be bound.
It is expressly agreed that the obligations of the Trusts hereunder shall
not be binding upon any of the Trustees, shareholders, nominees, officers,
agents or employees of the Trusts personally, but shall only bind the assets
and property of the Funds, as provided in each Trust's Agreement and
Declaration of Trust. The execution and delivery of this Memorandum of
Agreement have been authorized by the Trustees of each Trust, and this
Memorandum of Agreement has been executed and delivered by an authorized
officer of each Trust acting as such; neither such authorization by such
Trustees nor such execution and delivery by such officer shall be deemed to
have been made by any of them individually or to impose any liability on any of
them personally, but shall bind only the assets and property of the Funds, as
provided in each Trust's Agreement and Declaration of Trust.
Nothing in this Memorandum of Agreement is intended to affect any other
memorandum of agreement executed by any Fund or Invesco with respect to any
other fee waivers, expense reimbursements and/or expense limitations.
IN WITNESS WHEREOF, each Fund, on behalf of itself and its Portfolios listed
in Exhibit "A" to this Memorandum of Agreement, and Invesco have entered into
this Memorandum of Agreement as of the dates indicated on Exhibit "A".
AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
AIM FUNDS GROUP (INVESCO FUNDS GROUP)
AIM GROWTH SERIES (INVESCO GROWTH SERIES)
AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)
AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
AIM TREASURER'S SERIES TRUST (INVESCO TREASURER'S SERIES FUNDS)
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
INVESCO SECURITIES TRUST
SHORT-TERM INVESTMENTS TRUST
By: /s/ Xxxx X. Xxxx
--------------------------
Title: Senior Vice President
INVESCO ADVISERS, INC.
By: /s/ Xxxx X. Xxxx
--------------------------
Title: Senior Vice President
2
EXHIBIT "A"
AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
PORTFOLIO EFFECTIVE DATE COMMITTED UNTIL*
--------- ----------------- ----------------
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 9, 2007
Invesco Growth and Income Fund February 12, 0000
Xxxxxxx Xxxxxxxxxxxx Tax Free Income Fund February 12, 2010
Invesco S&P 500 Index Fund February 12, 2010
Invesco Small Cap Discovery Fund February 12, 2010
Invesco U.S. Quantitative Core Fund March 31, 2006
AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
PORTFOLIO EFFECTIVE DATE COMMITTED UNTIL*
--------- ----------------- ----------------
Invesco Charter Fund June 21, 2000
Invesco Constellation Fund June 21, 2000
Invesco Disciplined Equity Fund July 14, 2009
Invesco Diversified Dividend Fund December 28, 0000
Xxxxxxx Xxxxxx Fund July 24, 2000
AIM FUNDS GROUP (INVESCO FUNDS GROUP)
FUND EFFECTIVE DATE COMMITTED UNTIL*
---- ----------------- ----------------
Invesco European Small Company Fund August 30, 2000
Invesco Global Core Equity Fund December 27, 2000
Invesco International Small Company Fund August 30, 2000
Invesco Small Cap Equity Fund August 30, 2000
AIM GROWTH SERIES (INVESCO GROWTH SERIES)
FUND EFFECTIVE DATE COMMITTED UNTIL*
---- ------------------ ----------------
Invesco Convertible Securities Fund February 12, 2010
Invesco Global Quantitative Core Fund September 1, 2001
Invesco Leaders Fund February 12, 2010
Invesco Mid Cap Core Equity Fund September 1, 2001
Invesco Small Cap Growth Fund September 11, 0000
Xxxxxxx X.X. Mortgage Fund February 12, 2010
* Committed until the Fund or Invesco requests and receives the approval of
the Fund's Board to remove or amend such fee waiver. Such commitments are
evergreen until amended and apply to each Portfolio of a Fund.
A-1
AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)
FUND EFFECTIVE DATE COMMITTED UNTIL*
---- ----------------- ----------------
Invesco Asia Pacific Growth Fund June 21, 2000
Invesco European Growth Fund June 21, 2000
Invesco Global Growth Fund June 21, 2000
Invesco Global Opportunities Fund August 1, 2012
Invesco Global Small & Mid Cap Growth Fund June 21, 2000
Invesco International Core Equity Fund November 25, 2003
Invesco International Growth Fund June 21, 2000
Invesco Select Opportunities Fund August 1, 2012
AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
FUND EFFECTIVE DATE COMMITTED UNTIL*
---- ------------------ ----------------
Invesco Balanced-Risk Allocation Fund May 29, 2009
Invesco Balanced-Risk Commodities Xxxxxxxx Xxxx Xxxxxxxx 00, 0000
Xxxxxxx Xxxxx Fund March 31, 2006
Invesco Developing Markets Fund September 1, 2001
Invesco Emerging Market Local Currency Debt Fund June 14, 2010
Invesco Emerging Markets Equity Fund May 11, 2011
Invesco Endeavor Fund November 4, 2003
Invesco Global Health Care Fund September 1, 2001
Invesco Global Markets Strategy Fund September 26, 2012
Invesco International Total Return Fund March 31, 2006
Invesco Pacific Growth Fund February 12, 2010
Invesco Premium Income Fund December 13, 2011
Invesco Select Companies Fund November 4, 2003
AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
FUND EFFECTIVE DATE COMMITTED UNTIL*
---- ------------------ ----------------
Invesco Corporate Bond Fund February 12, 2010
Invesco Dynamics Fund November 25, 2003
Invesco Global Real Estate Fund April 29, 2005
Invesco High Yield Fund June 1, 2000
Invesco High Yield Securities Fund February 12, 2010
Invesco Limited Maturity Treasury Fund June 1, 2000
Invesco Money Market Fund June 1, 2000
Invesco Municipal Bond Fund June 1, 2000
Invesco Real Estate Fund September 11, 2000
Invesco Short Term Bond Fund August 29, 2002
Invesco U.S. Government Fund June 1, 2000
* Committed until the Fund or Invesco requests and receives the approval of
the Fund's Board to remove or amend such fee waiver. Such commitments are
evergreen until amended and apply to each Portfolio of a Fund.
A-2
AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
FUND EFFECTIVE DATE COMMITTED UNTIL+
---- ----------------- ----------------
Invesco American Value Fund February 12, 2010
Invesco Xxxxxxxx Fund February 12, 2010
Invesco Dividend Income Fund November 25, 2003
Invesco Energy Fund November 25, 2003
Invesco Gold & Precious Metals Fund November 25, 2003
Invesco Leisure Fund November 25, 2003
Invesco Mid Cap Growth Fund February 12, 2010
Invesco Small Cap Value Fund February 12, 2010
Invesco Technology Fund November 25, 2003
Invesco Technology Sector Fund February 12, 2010
Invesco Value Opportunities Fund February 12, 2010
AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
FUND EFFECTIVE DATE COMMITTED UNTIL*
---- ----------------- ----------------
Invesco High Yield Municipal Fund February 12, 2010
Invesco Intermediate Term Municipal Income Fund February 12, 2010
Invesco Municipal Income Fund February 12, 2010
Invesco New York Tax Free Income Fund February 12, 2010
Invesco Tax-Exempt Cash Fund June 1, 2000
Invesco Tax-Free Intermediate Fund June 1, 2000
AIM TREASURER'S SERIES TRUST (INVESCO TREASURER'S SERIES TRUST)
FUND EFFECTIVE DATE COMMITTED UNTIL*
---- ----------------- ----------------
Premier Portfolio November 25, 2003
Premier Tax-Exempt Portfolio November 25, 2003
Premier U.S. Government Money Portfolio November 25, 2003
AIM VARIABLE INSURANCE FUNDS (INVESCO INSURANCE FUNDS)
FUND EFFECTIVE DATE COMMITTED UNTIL*
---- ------------------ ----------------
Invesco V.I. American Franchise Fund February 12, 2010
Invesco V.I. American Value Fund February 12, 2010
Invesco V.I. Balanced-Risk Allocation Fund May 1, 2000
Invesco V.I. Xxxxxxxx Fund February 12, 2010
Invesco V.I. Core Equity Fund May 1, 2000
Invesco V.I. Diversified Dividend Fund February 9, 2010
Invesco V.I. Diversified Income Fund May 1, 2000
Invesco V.I. Equally-Weighted S&P 500 Fund February 12, 2010
Invesco V.I. Equity and Income Fund February 12, 2010
Invesco V.I. Global Core Equity Fund February 10, 2010
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. Growth and Income Fund February 12, 2010
Invesco V.I. High Yield Fund May 1, 2000
Invesco V.I. International Growth Fund May 1, 2000
Invesco V.I. Mid Cap Core Equity Fund September 10, 2001
Invesco V.I. Mid Cap Growth Fund February 12, 2010
Invesco V.I. Money Market Fund May 1, 2000
Invesco V.I. S&P 500 Index Fund February 12, 2010
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. Value Opportunities Fund September 10, 2001
+ Committed until the Fund or Invesco requests and receives the approval of
the Fund's Board to remove or amend such fee waiver. Such commitments are
evergreen until amended and apply to each Portfolio of a Fund.
* Committed until the Fund or Invesco requests and receives the approval of
the Fund's Board to remove or amend such fee waiver. Such commitments are
evergreen until amended and apply to each Portfolio of a Fund.
A-3
INVESCO SECURITIES TRUST
FUND EFFECTIVE DATE COMMITTED UNTIL*
---- ---------------- ----------------
Invesco Balanced-Risk Aggressive Allocation Fund January 16, 2013
SHORT-TERM INVESTMENTS TRUST
FUND EFFECTIVE DATE COMMITTED UNTIL*
---- -------------- ----------------
Government & Agency Portfolio June 1, 2000
Government TaxAdvantage Portfolio June 1, 2000
Liquid Assets Portfolio June 1, 2000
STIC Prime Portfolio June 1, 2000
Tax-Free Cash Reserve Portfolio June 1, 2000
Treasury Portfolio June 1, 2000
* Committed until the Fund or Invesco requests and receives the approval of
the Fund's Board to remove or amend such fee waiver. Such commitments are
evergreen until amended and apply to each Portfolio of a Fund.
A-4
