MASTER RELATED AGREEMENT TO FIRST RESTATED MASTER DISTRIBUTION PLAN (CLASS A SHARES)
|
MASTER RELATED AGREEMENT TO FIRST RESTATED MASTER DISTRIBUTION PLAN (CLASS A SHARES) |
This Master Related Agreement (the “Agreement”) is entered into in accordance with Rule 12b-1
under the Investment Company Act of 1940, as amended (the “1940 Act”) by each registered investment
company, listed in Schedule A to this Agreement (each individually referred to as a “Fund”, or
collectively, “Funds”), severally, on behalf of each of the series of common stock or beneficial
interest, as the case may be, set forth in Schedule A to this Agreement (each, a “Portfolio”), with
respect to the Class A Shares of each such Portfolio listed on Schedule A. This Agreement, being
made between Invesco Aim Distributors, Inc., formerly A I M Distributors, Inc. (“Distributors”) and
each Fund, on behalf of each applicable Portfolio, defines the services to be provided by
Distributors, or its designees, for which it is to receive payments pursuant to the First Restated
Master Distribution Plan (Class A Shares) (the “Plan”) adopted by each of the Funds. The Plan has
been approved by a majority of the directors/trustees (“Trustees”) of each of the Funds, including
a majority of the Trustees who have no direct or indirect financial interest in the operation of
the Plan or this Agreement (the “Dis-Interested Trustees”), by votes cast in person at a meeting
called for the purpose of voting on the Plan.
| 1. | a. Distributors may use payments received pursuant to Paragraph 2 of this Agreement to provide continuing personal shareholder services to customers who may, from time to time, directly or beneficially own shares of the Funds. Continuing personal shareholder services may include but are not limited to, distributing sales literature to customers, answering routine customer inquiries regarding the Funds, assisting customers in changing dividend options, account designations and addresses, and in enrolling in any of several special investment plans offered in connection with the purchase of the Funds’ shares, assisting customers in the establishment and maintenance of customer accounts and records and in the placement of purchase and redemption transactions, assisting customers in investing dividends and capital gains distributions automatically in shares, and providing such other services as the Funds or the customer may reasonably request and Distributors agrees to provide. Distributors will not be obligated to provide services which are provided by a transfer agent for a Fund with respect to a Portfolio. |
| b. Distributors may also use the payments received pursuant to Paragraph 2 of this Agreement for distribution-related services. As used in this Agreement, “distribution-related services” shall mean any activity which is primarily intended to result in the sale of the Shares, including, but not limited to, organizing and conducting sales seminars, implementing advertising programs, engaging finders and paying finders fees, printing prospectuses and statements of additional information (and supplements thereto) and annual and semi-annual reports for other than existing shareholders, preparing and distributing advertising material and sales literature, making supplemental payments to dealers and other institutions as asset-based sales charges, and administering the Plan. | |
| c. Distributors may provide the services described in paragraphs a. and b. above either directly or through third parties (its “designees”). |
1
| 2. | For the services provided by Distributors or its designees pursuant to this Agreement, each Fund shall pay Distributors a fee, calculated at the end of each month at the annual rate set forth in Schedule A, or such lesser rate as shall be agreed to by Distributors, as applied to the average net asset value of the shares of such Fund purchased or acquired through exchange on or after the Plan Calculation Date shown for such Fund on Schedule A. | |
| 3. | The total of the fees calculated for all of the Funds listed on Schedule A for any period with respect to which calculations are made shall be paid to Distributors within 10 days after the close of each month. | |
| 4. | Distributors shall furnish the Funds with such information as shall reasonably be requested by the Trustees of the Funds with respect to the fees paid to Distributors pursuant to this Agreement. | |
| 5. | Distributors shall furnish the Trustees of the Funds, for their review on a quarterly basis, a written report of the amounts expended under the Plan and the purposes for which such expenditures were made. | |
| 6. | Distributors may enter into other similar Master Related Agreements with any other investment company without a Fund’s consent. | |
| 7. | This Agreement shall become effective immediately upon its approval by a majority of the Trustees of each of the Funds, including a majority of the Dis-Interested Trustees, by votes cast in person at a meeting called for the purpose of voting on the Plan and this Agreement. | |
| 8. | This Agreement shall continue in full force and effect as long as the continuance of the Plan and this Agreement are approved at least annually by a vote of the Trustees, including a majority of the Dis-Interested Trustees, cast in person at a meeting called for the purpose of voting thereon. | |
| 9. | This Agreement may be terminated with respect to any Fund at any time without payment of any penalty by the vote of a majority of the Trustees of such Fund who are Dis-interested Trustees or by a vote of a majority of the Fund’s outstanding shares, on sixty (60) days’ written notice. It will be terminated by any act which terminates the Fund’s Plan, and in any event, it shall terminate automatically in the event of its assignment as that term is defined in the 1940 Act. | |
| 10. | This Agreement may be amended by mutual written agreement of the parties. | |
| 11. | All communications should be sent to the address of each xxxxxx as shown at the bottom of this Agreement. | |
| 12. | This Agreement shall be construed in accordance with the laws of the State of Texas. | |
2
| INVESCO AIM DISTRIBUTORS, INC. |
||||
| By: | /s/ Xxxx X. Xxxxxx | |||
| Name: | Xxxx X. Xxxxxx | |||
| Title: | President |
|||
| 00 Xxxxxxxx Xxxxx, Xxxxx 000 Xxxxxxx, Xxxxx 00000-0000 Attn: President |
||||
| Effective May 1, 2008 | ||||
|
FUND (listed in Schedule A) on behalf of the Class A Shares of each Portfolio listed on Schedule A |
||||
| By: | /s/ Xxxx X. Xxxx | |||
| Name: | Xxxx X. Xxxx | |||
| Title: | Senior Vice President | |||
3
SCHEDULE “A” TO
RELATED AGREEMENT
RELATED AGREEMENT
| Maximum Aggregate | ||||||||
| Fund | Fee Rate* | Plan Calculation Date | ||||||
AIM Capital Development Fund A Shares |
0.25 | June 17, 1996 | ||||||
AIM Charter Fund A Shares |
0.25 | November 18, 1986 | ||||||
AIM Constellation Fund A Shares |
0.25 | September 9, 1986 | ||||||
AIM Diversified Dividend Fund A Shares |
0.25 | December 31, 2001 | ||||||
AIM Large Cap Basic Value Fund A Shares |
0.25 | July 15, 1999 | ||||||
AIM Large Cap Growth Fund A Shares |
0.25 | March 1, 1999 | ||||||
AIM Summit Fund A Shares |
0.25 | October 31, 2005 | ||||||
AIM FUNDS GROUP |
||||||||
AIM Basic Balanced Fund A Shares |
0.25 | September 28, 2001 | ||||||
AIM European Small Company Fund A Shares |
0.25 | August 31, 2000 | ||||||
AIM Global Core Equity Fund A Shares |
0.25 | December 29, 2000 | ||||||
AIM International Small Company Fund A Shares1 |
0.25 | August 31, 2000 | ||||||
AIM Mid Cap Basic Value Fund A Shares |
0.25 | December 31, 2001 | ||||||
AIM Select Equity Fund A Shares |
0.25 | July 1, 1992 | ||||||
AIM Small Cap Equity Fund A Shares |
0.25 | August 31, 2000 | ||||||
AIM GROWTH SERIES |
||||||||
AIM Basic Value Fund A Shares |
0.25 | May 29, 1998 | ||||||
AIM Conservative Allocation Fund A Shares |
0.25 | April 30, 2004 | ||||||
AIM Global Equity Fund A Shares |
0.25 | May 29, 1998 | ||||||
AIM Growth Allocation Fund A Shares |
0.25 | April 30, 2004 | ||||||
AIM Income Allocation Fund A Shares |
0.25 | October 31, 2005 | ||||||
AIM Balanced-Risk Retirement Now Fund A Shares |
0.25 | January 31, 2007 | ||||||
AIM Balanced-Risk Retirement 2010 Fund A Shares |
0.25 | January 31, 2007 | ||||||
AIM Balanced-Risk Retirement 2020 Fund A Shares |
0.25 | January 31, 2007 | ||||||
AIM Balanced-Risk Retirement 2030 Fund A Shares |
0.25 | January 31, 2007 | ||||||
AIM Balanced-Risk Retirement 2040 Fund A Shares |
0.25 | January 31, 2007 | ||||||
AIM Balanced-Risk Retirement 2050 Fund A Shares |
0.25 | January 31, 2007 | ||||||
AIM International Allocation Fund A Shares |
0.25 | October 31, 2005 | ||||||
AIM Mid Cap Core Equity Fund A Shares |
0.25 | May 29, 1998 | ||||||
AIM Moderate Allocation Fund A Shares |
0.25 | April 30, 2004 | ||||||
AIM Moderate Growth Allocation Fund A Shares |
0.25 | April 29, 2005 | ||||||
AIM Moderately Conservative Allocation Fund A Shares |
0.25 | April 29, 2005 | ||||||
AIM Small Cap Growth Fund A Shares1 |
0.25 | May 29, 1998 | ||||||
| 1 | The fund is closed to new investors. |
4
| Maximum Aggregate | ||||||||
| Fund | Fee Rate* | Plan Calculation Date | ||||||
AIM INTERNATIONAL MUTUAL FUNDS |
||||||||
AIM Asia Pacific Growth Fund A Shares |
0.25 | November 1, 1997 | ||||||
AIM European Growth Fund A Shares |
0.25 | November 1, 1997 | ||||||
AIM Global Growth Fund A Shares |
0.25 | September 15, 1994 | ||||||
AIM Global Small & Mid Cap Growth Fund A Shares |
0.25 | September 15, 1994 | ||||||
AIM International Core Equity Fund A Shares |
0.25 | March 29, 2002 | ||||||
AIM International Growth Fund A Shares |
0.25 | May 21, 1992 | ||||||
AIM INVESTMENT FUNDS |
||||||||
AIM Balanced-Risk Allocation Fund A Shares |
0.25 | May 29, 2009 | ||||||
AIM China Fund A Shares |
0.25 | March 31, 2006 | ||||||
AIM Developing Markets Fund A Shares |
0.25 | May 29, 1998 | ||||||
AIM Global Health Care Fund A Shares |
0.25 | May 29, 1998 | ||||||
AIM International Total Return Fund A Shares |
0.25 | Xxxxx 00, 0000 | ||||||
XXX Xxxxx Fund A Shares |
0.25 | March 31, 2006 | ||||||
AIM LIBOR Alpha Fund A Shares |
0.25 | March 31, 2006 | ||||||
AIM Trimark Endeavor Fund A Shares |
0.25 | November 4, 2003 | ||||||
AIM Trimark Fund A Shares |
0.25 | November 4, 2003 | ||||||
AIM Trimark Small Companies Fund A Shares |
0.25 | November 4, 2003 | ||||||
AIM INVESTMENT SECURITIES FUNDS |
||||||||
AIM Core Bond Fund A Shares |
0.25 | December 31, 2001 | ||||||
AIM Dynamics Fund A Shares |
0.25 | March 29, 2002 | ||||||
AIM Global Real Estate Fund A Shares |
0.25 | April 29, 2005 | ||||||
AIM High Yield Fund A Shares |
0.25 | July 1, 1992 | ||||||
AIM Income Fund A Shares |
0.25 | July 1, 1992 | ||||||
AIM Limited Maturity Treasury Fund A Shares |
0.15 | December 2, 1987 | ||||||
AIM Municipal Bond Fund A Shares |
0.25 | July 1, 1992 | ||||||
AIM Real Estate Fund A Shares1 |
0.25 | August 4, 1997 | ||||||
AIM Short Term Bond Fund A Shares |
0.25 | April 30, 2004 | ||||||
AIM U.S. Government Fund A Shares |
0.25 | July 1, 1992 | ||||||
AIM TAX-EXEMPT FUNDS |
||||||||
AIM High Income Municipal Fund A Shares |
0.25 | December 22, 1997 | ||||||
AIM Tax-Exempt Cash Fund A Shares2 |
0.10 | July 1, 1992 | ||||||
| 1 | The fund is closed to new investors. | |
| 2 | Effective July 1, 2009, this fee rate was reduced from 0.25% to 0.10%. |
5
| Maximum Aggregate | ||||||
| Fund | Fee Rate* | Plan Calculation Date | ||||
AIM COUNSELOR SERIES TRUST |
||||||
AIM Core Plus Bond Fund A Shares
|
0.25 | June 2, 2009 | ||||
AIM Floating Rate Fund A Shares
|
0.25 | April 14, 2006 | ||||
AIM Multi-Sector Fund A Shares
|
0.25 | August 30, 2002 | ||||
AIM Select Real Estate Income Fund A Shares
|
0.25 | March 12, 2007 | ||||
AIM Structured Core Fund A Shares
|
0.25 | March 31, 2006 | ||||
AIM Structured Growth Fund A Shares
|
0.25 | March 31, 2006 | ||||
AIM Structured Value Fund A Shares
|
0.25 | March 31, 2006 | ||||
AIM SECTOR FUNDS |
||||||
AIM Energy Fund A Shares
|
0.25 | March 29, 2002 | ||||
AIM Financial Services Fund A Shares
|
0.25 | March 29, 2002 | ||||
AIM Gold & Precious Metals Fund A Shares
|
0.25 | March 29, 2002 | ||||
AIM Leisure Fund A Shares
|
0.25 | March 29, 2002 | ||||
AIM Technology Fund A Shares
|
0.25 | March 29, 2002 | ||||
AIM Utilities Fund A Shares
|
0.25 | March 29, 2002 | ||||
| * | Of this amount, 0.25% is paid as a shareholder servicing fee and the remainder is paid as an asset based sales charge, as these terms are defined under the rules of the FINRA. |
6
