Sub-Item 77Q1(e)
AMENDMENT NO. 23
TO
MASTER INVESTMENT ADVISORY AGREEMENT
This Amendment dated as of December 14, 2011, amends the Master Investment
Advisory Agreement (the "Agreement"), dated September 11, 2000, between AIM
Investment Funds (Invesco Investment Funds), a Delaware statutory trust, and
Invesco Advisers, Inc., a Delaware corporation.
WITNESSETH:
WHEREAS, the parties agree to amend the Agreement to add a new portfolio -
Invesco Premium Income Fund and to remove the following portfolios - Invesco
Global Fund, Invesco Global Dividend Growth Securities Fund, Invesco Health
Sciences Fund, Invesco Japan Fund, Invesco LIBOR Alpha Fund, Invesco Xxx Xxxxxx
Emerging Markets Fund, Invesco Xxx Xxxxxx Global Equity Allocation Fund, Invesco
Xxx Xxxxxx Global Franchise Fund, Invesco Xxx Xxxxxx International Advantage
Fund, Invesco Xxx Xxxxxx International Growth Fund and Invesco Xxx Xxxxxx Global
Tactical Allocation Fund;
NOW, THEREFORE, the parties agree as follows;
1. Appendix A and Appendix B to the Agreement are hereby deleted in their
entirety and replaced with the following:
"APPENDIX A
FUNDS AND EFFECTIVE DATES
NAME OF FUND EFFECTIVE DATE OF ADVISORY AGREEMENT
------------------------------------------------ ------------------------------------
Invesco Balanced-Risk Allocation Fund May 29, 2009
Invesco Balanced-Risk Commodity Xxxxxxxx Xxxx Xxxxxxxx 00, 0000
Xxxxxxx Xxxxx Fund March 31, 2006
Invesco Commodities Strategy Fund June 16, 2010
Invesco Developing Markets Fund September 1, 2001
Invesco Emerging Market Local Currency Debt Fund June 14, 2010
Invesco Emerging Markets Equity Fund May 31, 2011
Invesco Endeavor Fund November 3, 2003
Invesco Global Advantage Fund February 12, 2010
Invesco Global Health Care Fund September 1, 2001
Invesco International Total Return Fund March 31, 2006
Invesco Pacific Growth Fund February 12, 2010
Invesco Premium Income Fund December 14, 2011
Invesco Small Companies Fund November 3, 0000
XXXXXXXX X
COMPENSATION TO THE ADVISOR
The Trust shall pay the Adviser, out of the assets of a Fund, as full
compensation for all services rendered, an advisory fee for such Fund set forth
below. Such fee shall be calculated by applying the following annual rates to
the average daily net assets of such Fund for the calendar year computed in the
manner used for the determination of the net asset value of shares of such Fund.
INVESCO BALANCED-RISK ALLOCATION FUND
NET ASSETS ANNUAL RATE*
----------------------- ------------
First $250 million..... 0.95%
Next $250 million..... 0.925%
Next $500 million..... 0.90%
Next $1.5 billion..... 0.875%
Next $2.5 billion..... 0.85%
Next $2.5 billion..... 0.825%
Next $2.5 billion..... 0.80%
Over $10 billion..... 0.775%
* To the extent Invesco Balanced-Risk Allocation Fund invests its assets in
Invesco Cayman Commodity Fund I Ltd., a direct wholly-owned subsidiary of
Invesco Balanced-Risk Allocation Fund, the Adviser shall not collect the portion
of the advisory fee that the Adviser would otherwise be entitled to collect from
Invesco Balanced-Risk Allocation Fund, in an amount equal to 100% of the
advisory fee that the Adviser receives from Invesco Cayman Commodity Fund I Ltd.
INVESCO BALANCED-RISK COMMODITY STRATEGY FUND
NET ASSETS ANNUAL RATE*
----------------------- ------------
First $250 million..... 1.050%
Next $250 million..... 1.025%
Next $500 million..... 1.000%
Next $1.5 billion..... 0.975%
Next $2.5 billion..... 0.950%
Next $2.5 billion..... 0.925%
Next $2.5 billion..... 0.900%
Over $10 billion..... 0.875%
* To the extent Invesco Balanced-Risk Commodity Strategy Fund invests its assets
in Invesco Cayman Commodity Fund III Ltd., a direct wholly-owned subsidiary of
Invesco Balanced-Risk Commodity Strategy Fund, the Adviser shall not collect the
portion of the advisory fee that the Adviser would otherwise be entitled to
collect from Invesco Balanced-Risk Commodity Strategy Fund, in an amount equal
to 100% of the advisory fee that the Adviser receives from Invesco Cayman
Commodity Fund III Ltd.
INVESCO CHINA FUND
INVESCO DEVELOPING MARKETS FUND
INVESCO EMERGING MARKETS EQUITY FUND
NET ASSETS ANNUAL RATE
---------------------- -----------
First $250 million.... 0.935%
Next $250 million.... 0.91%
Next $500 million.... 0.885%
Next $1.5 billion.... 0.86%
Next $2.5 billion.... 0.835%
Next $2.5 billion.... 0.81%
Next $2.5 billion.... 0.785%
Over $10 billion.... 0.76%
INVESCO EMERGING MARKET LOCAL CURRENCY DEBT FUND
NET ASSETS ANNUAL RATE
---------------------- -----------
First $500 million.... 0.75%
Next $500 million.... 0.70%
Next $500 million.... 0.67%
Over $1.5 billion.... 0.65%
INVESCO GLOBAL HEALTH CARE FUND
NET ASSETS ANNUAL RATE
----------------------- -----------
First $350 million..... 0.75%
Next $350 million..... 0.65%
Next $1.3 billion..... 0.55%
Next $2 billion..... 0.45%
Next $2 billion..... 0.40%
Next $2 billion..... 0.375%
Over $8 billion..... 0.35%
INVESCO INTERNATIONAL TOTAL RETURN FUND
NET ASSETS ANNUAL RATE
----------------------- -----------
First $250 million..... 0.65%
Next $250 million..... 0.59%
Next $500 million..... 0.565%
Next $1.5 billion..... 0.54%
Next $2.5 billion..... 0.515%
Next $5 billion..... 0.49%
Over $10 billion..... 0.465%
INVESCO ENDEAVOR FUND
INVESCO SMALL COMPANIES FUND
NET ASSETS ANNUAL RATE
----------------------- -----------
First $250 million..... 0.745%
Next $250 million..... 0.73%
Next $500 million..... 0.715%
Next $1.5 billion..... 0.70%
Next $2.5 billion..... 0.685%
Next $2.5 billion..... 0.67%
Next $2.5 billion..... 0.655%
Over $10 billion..... 0.64%
INVESCO COMMODITIES STRATEGY FUND
NET ASSETS ANNUAL RATE
------------------ -----------
All Assets........ 0.50%**
* *To the extent Invesco Commodities Strategy Fund invests its assets in Invesco
Cayman Commodity Fund II Ltd., a direct wholly-owned subsidiary of Invesco
Commodities Strategy Fund, the Adviser shall not collect the portion of the
advisory fee that the Adviser would otherwise be entitled to collect from
Invesco Commodities Strategy Fund, in an amount equal to 100% of the advisory
fee that the Adviser receives from Invesco Cayman Commodity Fund II Ltd.
INVESCO GLOBAL ADVANTAGE FUND
NET ASSETS ANNUAL RATE
--------------------- -----------
First $1.5 billion... 0.57%
Over $1.5 billion... 0.545%
INVESCO PACIFIC GROWTH FUND
NET ASSETS ANNUAL RATE
--------------------- -----------
First $1 billion..... 0.87%
Next $1 billion..... 0.82%
Over $2 billion..... 0.77%
INVESCO PREMIUM INCOME FUND
NET ASSETS ANNUAL RATE
---------------------- -----------
First $500 million.... 0.650%
Next $500 million.... 0.600%
Next $500 million.... 0.550%
Over $1.5 billion.... 0.540%
2. In all other respects, the Agreement is hereby confirmed and remains
in full force and effect.
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed
by their respective officers on the date first written above.
AIM INVESTMENT FUNDS
(INVESCO INVESTMENT FUNDS)
Attest: /s/ Xxxxx Xxxxxxxx By: /s/ Xxxx X. Xxxx
--------------------------------- ---------------------------------
Assistant Secretary Xxxx X. Xxxx
Senior Vice President
(SEAL)
INVESCO ADVISERS, INC.
Attest: /s/ Xxxxx Xxxxxxxx By: /s/ Xxxx X. Xxxx
--------------------------------- ---------------------------------
Assistant Secretary Xxxx X. Xxxx
Senior Vice President
(SEAL)
