Sub-Item 77Q1(e)
AMENDMENT NO. 16
TO
MASTER INVESTMENT ADVISORY AGREEMENT
This Amendment dated as of December 14, 2011, amends the Master Investment
Advisory Agreement (the "Agreement") dated June 5, 2000, between AIM Growth
Series (Invesco Growth Series), a Delaware statutory trust, and Invesco
Advisers, Inc., a Delaware corporation.
W I T N E S S E T H:
WHEREAS, the Trust desires to (i) change the name of Invesco Moderately
Conservative Allocation Fund to Invesco Conservative Allocation Fund and to (ii)
remove the following series portfolios; Invesco Balanced-Risk Retirement 2010
Fund, Invesco Basic Value Fund, Invesco Conservative Allocation Fund, Invesco
Moderate Growth Allocation Fund, Invesco Xxx Xxxxxx Asset Allocation Growth
Fund, Invesco Xxx Xxxxxx Asset Allocation Moderate Fund, Invesco Xxx Xxxxxx
Harbor Fund and Invesco Xxx Xxxxxx Real Estate Securities Fund;
NOW, THEREFORE, the parties agree that;
1. Appendix A and Appendix B to the Agreement are hereby deleted in
their entirety and replaced with the following:
"APPENDIX A
FUNDS AND EFFECTIVE DATES
NAME OF FUND EFFECTIVE DATE OF ADVISORY AGREEMENT
------------------------------------------------------- ------------------------------------------
Invesco Balanced-Risk Retirement Now Fund January 31, 2007
Invesco Balanced-Risk Retirement 2020 Fund January 31, 2007
Invesco Balanced-Risk Retirement 2030 Fund January 31, 2007
Invesco Balanced-Risk Retirement 2040 Fund January 31, 2007
Invesco Balanced-Risk Retirement 2050 Fund January 31, 2007
Invesco Global Equity Fund November 4, 2003
Invesco Growth Allocation Fund April 30, 2004
Invesco Income Allocation Fund October 31, 2005
Invesco International Allocation Fund October 31, 2005
Invesco Mid Cap Core Equity Fund September 1, 2001
Invesco Moderate Allocation Fund April 30, 2004
Invesco Moderate Growth Allocation Fund April 29, 2005
Invesco Moderately Conservative Allocation Fund April 29, 2005
Invesco Small Cap Growth Fund September 11, 2000
Invesco Convertible Securities Fund February 12, 2010
Invesco Xxx Xxxxxx Leaders Fund February 12, 2010
Invesco Xxx Xxxxxx U.S. Mortgage Fund February 12, 0000
XXXXXXXX X
COMPENSATION TO THE ADVISOR
The Trust shall pay the Advisor, 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 RETIREMENT NOW FUND
INVESCO BALANCED-RISK RETIREMENT 2020 FUND
INVESCO BALANCED-RISK RETIREMENT 2030 FUND
INVESCO BALANCED-RISK RETIREMENT 2040 FUND
INVESCO BALANCED-RISK RETIREMENT 2050 FUND
INVESCO GROWTH ALLOCATION FUND
INVESCO INCOME ALLOCATION FUND
INVESCO INTERNATIONAL ALLOCATION FUND
INVESCO MODERATE ALLOCATION FUND
INVESCO CONSERVATIVE ALLOCATION FUND
INVESCO XXX XXXXXX LEADERS FUND
These eleven funds do not pay an advisory fee.
INVESCO GLOBAL EQUITY FUND
NET ASSETS ANNUAL RATE
------------------------------------------------------------------- -----------
First $250 million ................................................ 0.80%
Next $250 million ................................................. 0.78%
Next $500 million ................................................. 0.76%
Next $1.5 billion ................................................. 0.74%
Next $2.5 billion ................................................. 0.72%
Next $2.5 billion ................................................. 0.70%
Next $2.5 billion ................................................. 0.68%
Over $10 billion .................................................. 0.66%
2
INVESCO MID CAP CORE EQUITY FUND
INVESCO SMALL CAP GROWTH FUND
NET ASSETS ANNUAL RATE
------------------------------------------------------------------ -----------
First $500 million ............................................... 0.725%
Next $500 million ................................................ 0.70%
Next $500 million ................................................ 0.675%
Over $1.5 billion ................................................ 0.65%
INVESCO CONVERTIBLE SECURITIES FUND
NET ASSETS ANNUAL RATE
------------------------------------------------------------------ -----------
First $750 million ............................................... 0.52%
Next $250 million ................................................ 0.47%
Next $500 million ................................................ 0.42%
Next $500 million ................................................ 0.395%
Next $1 billion .................................................. 0.37%
Over $3 billion .................................................. 0.345%
INVESCO XXX XXXXXX U.S. MORTGAGE FUND
NET ASSETS ANNUAL RATE
------------------------------------------------------------------ -----------
First $1 billion ................................................. 0.47%
Next $500 million ................................................ 0.445%
Next $500 million ................................................ 0.42%
Next $500 million ................................................ 0.395%
Next $2.5 billion ................................................ 0.37%
Next $2.5 billion ................................................ 0.345%
Next $2.5 billion ................................................ 0.32%
Next $2.5 billion ................................................ 0.295%
Over $12.5 billion ............................................... 0.27%"
2. In all other respects, the Agreement is hereby confirmed and remains in
full force and effect.
3
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed
by their respective officers on the date first written above.
AIM GROWTH SERIES
(INVESCO GROWTH SERIES)
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)
4
