AMENDMENT NO. 1 TO THE AMENDED AND RESTATED MASTER INTERGROUP SUB-ADVISORY CONTRACT FOR MUTUAL FUNDS

AMENDMENT NO. 1

TO THE

AMENDED AND RESTATED MASTER INTERGROUP SUB-ADVISORY CONTRACT

FOR MUTUAL FUNDS

This Amendment dated as of August 5, 2020, amends the Amended and Restated Master Intergroup Sub-Advisory Contract for Mutual Funds (the “Contract”), dated July 1, 2020, between Invesco Advisers, Inc. (the “Adviser”), on behalf of AIM Investment Funds (Invesco Investment Funds), and each of Invesco Canada Ltd., Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Asset Management (Japan) Ltd., Invesco Hong Kong Limited, and Invesco Senior Secured Management, Inc. (each a “Sub-Adviser” and, collectively, the “Sub-Advisers”).

W I T N E S S E T H:

WHEREAS, the parties desire to remove Invesco Global Market Neutral Fund, Invesco Long/Short Equity Fund and Invesco Low Volatility Emerging Markets Fund;

NOW, THEREFORE, the parties agree as follows;

1. Exhibit A to the Contract is hereby deleted in its entirety and replaced with the following:

“EXHIBIT A

Invesco All Cap Market Neutral Fund

Invesco Balanced-Risk Allocation Fund

Invesco Balanced-Risk Commodity Strategy Fund

Invesco Developing Markets Fund

Invesco Emerging Markets Select Equity Fund

Invesco Endeavor Fund

Invesco Global Infrastructure Fund

Invesco Global Targeted Returns Fund

Invesco Greater China Fund

Invesco Health Care Fund

Invesco Macro Allocation Strategy Fund

Invesco Multi-Asset Income Fund

Invesco Oppenheimer Developing Markets Fund

Invesco Oppenheimer Discovery Mid Cap Growth Fund

Invesco Oppenheimer Emerging Markets Innovators Fund

Invesco Oppenheimer Emerging Markets Local Debt Fund

Invesco Oppenheimer Fundamental Alternatives Fund

Invesco Xxxxxxxxxxx Global Allocation Fund

Invesco Xxxxxxxxxxx Global Strategic Income Fund

Invesco Xxxxxxxxxxx International Bond Fund

Invesco Xxxxxxxxxxx SteelPath MLP Alpha Fund

Invesco Xxxxxxxxxxx SteelPath MLP Alpha Plus Fund

Invesco Xxxxxxxxxxx SteelPath MLP Income Fund

Invesco Xxxxxxxxxxx SteelPath MLP Select 40 Fund

Invesco Xxxxxxxxxxx Total Return Bond Fund

Invesco Pacific Growth Fund

Invesco Select Companies Fund

Invesco U.S. Managed Volatility Fund

Invesco World Bond Factor Fund”

2. All other terms and provisions of the Contract not amended shall remain in full force and effect

IN WITNESS WHEREOF, the parties hereto have caused this Contract to be executed by their officers designated as of the day and year first above written.

INVESCO ADVISERS, INC.						INVESCO CANADA LTD.
Adviser						Sub-Adviser
By:		/s/ Xxxxxxx X. Xxxxx				By:		/s/ Harsh Damani
Name:		Xxxxxxx X. Xxxxx				Name:		Harsh Damani
Title:		Senior Vice President & Secretary				Title:		Chief Financial Officer, Funds &
						North America Head Fund
						Accounting and Fund Expenses

INVESCO ASSET MANAGEMENT
DEUTSCHLAND GMBH
Sub-Adviser
By:		/s/ Xxxxxxxx Xxxxxx    /s/ Xxxxx Pittlinger
Name:		Xxxxxxxx Xxxxxx             Xxxxx Pittlinger
Title:		DIRECTOR
INVESCO ASSET MANAGEMENT LIMITED
Sub-Adviser
By:		/s/ Xxxxxxxx Xxxxxxxxxx
Name:		Xxxxxxxx Xxxxxxxxxx
Title:		DIRECTOR
INVESCO ASSET MANAGEMENT (JAPAN) LIMITED
Sub-Adviser
By:		/s/ Xxxxxxx Xxxxxx
Name:		Xxxxxxx Xxxxxx
Title:		CAO & Head of Human Resources

INVESCO HONG KONG LIMITED
Sub-Adviser
By:		/s/ Xxx Xxx Xxx     /s/ Pang Sin Chu
Name:		Xxx Xxx Xxx / Xxxx Sin Xxx
Title:		Head of Finance, GC / Director, GDS, AP
INVESCO SENIOR SECURED MANAGEMENT, INC.
Sub-Adviser
By:		/s/ Xxxxxxx Xxxxxxx
Name:		Xxxxxxx Xxxxxxx
Title:		Secretary & General Counsel