MEMORANDUM OF AGREEMENT (Expense Limitations)
(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 California Value Municipal Trust, Invesco High Income Trust II, Invesco Management Trust, Invesco Municipal Income Opportunities Trust, Invesco Quality Municipal Income Trust, Invesco Securities Trust, Invesco Trust for Investment Grade New York Municipals, 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 Invesco has 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. 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 CALIFORNIA VALUE MUNICIPAL INCOME TRUST
INVESCO HIGH INCOME TRUST II
INVESCO MANAGEMENT TRUST
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST
INVESCO QUALITY MUNICIPAL INCOME TRUST
INVESCO SECURITIES TRUST
INVESCO TRUST FOR INVESTMENT GRADE NEW YORK MUNICIPALS
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 December 3, 2014
EXHIBIT “A” – RETAIL FUNDS1
AIM Counselor Series Trust (Invesco Counselor Series Trust)
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||||
| Invesco American Franchise Fund |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2013 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2013 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2013 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 2.25 | % | July 1, 2013 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.75 | % | July 1, 2013 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 1.75 | % | July 1, 2013 | June 30, 2015 | |||||
| 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, 2015 | |||||
| Class B Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco Core Plus Bond Fund |
||||||||||
| Class A Shares |
Contractual | 0.84 | % | January 1, 2014 | December 31, 2014 | |||||
| Class B Shares |
Contractual | 1.59 | % | January 1, 2014 | December 31, 2014 | |||||
| Class C Shares |
Contractual | 1.59 | % | January 1, 2014 | December 31, 2014 | |||||
| Class R Shares |
Contractual | 1.09 | % | January 1, 2014 | December 31, 2014 | |||||
| Class R5 Shares |
Contractual | 0.59 | % | January 1, 2014 | December 31, 2014 | |||||
| Class R6 Shares |
Contractual | 0.59 | % | January 1, 2014 | December 31, 2014 | |||||
| Class Y Shares |
Contractual | 0.59 | % | January 1, 2014 | December 31, 2014 | |||||
| Invesco Core Plus Bond Fund |
||||||||||
| Class A Shares |
Contractual | 0.86 | % | January 1, 2015 | December 31, 2015 | |||||
| Class B Shares |
Contractual | 1.61 | % | January 1, 2015 | December 31, 2015 | |||||
| Class C Shares |
Contractual | 1.61 | % | January 1, 2015 | December 31, 2015 | |||||
| Class R Shares |
Contractual | 1.11 | % | January 1, 2015 | December 31, 2015 | |||||
| Class R5 Shares |
Contractual | 0.61 | % | January 1, 2015 | December 31, 2015 | |||||
| Class R6 Shares |
Contractual | 0.61 | % | January 1, 2015 | December 31, 2015 | |||||
| Class Y Shares |
Contractual | 0.61 | % | January 1, 2015 | December 31, 2015 | |||||
| Invesco Equally-Weighted S&P 500 Fund |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 1.75 | % | September 24, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco Equity and Income Fund |
||||||||||
| Class A Shares |
Contractual | 1.50 | % | July 1, 2012 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 1.25 | % | September 24, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco Floating Rate Fund |
||||||||||
| Class A Shares |
Contractual | 1.50 | % | April 14, 2006 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.00 | % | April 14, 2006 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 1.75 | % | April 14, 2006 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.25 | % | April 14, 2006 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 1.25 | % | September 24, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.25 | % | October 3, 2008 | June 30, 2015 | |||||
| See page 16 for footnotes to Exhibit A. |
||||||||||
3
as of December 3, 2014
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||||
| Invesco Global Real Estate Income Fund |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 1.75 | % | September 24, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Invesco Growth and Income Fund |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 1.75 | % | September 24, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco Low Volatility Equity Yield Fund |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Investor Class Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 0000 | |||||
| Xxxxxxx Xxxxxxxxxxxx Tax Free Income Fund |
||||||||||
| Class A Shares |
Contractual | 1.50 | % | July 1, 2012 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco S&P 500 Index Fund |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco Small Cap Discovery Fund |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.75 | % | September 24, 2012 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 1.75 | % | September 24, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco Strategic Real Return Fund |
||||||||||
| Class A Shares |
Contractual | 0.82% less net AFFE* | April 30, 2014 | December 31, 2015 | ||||||
| Class C Shares |
Contractual | 1.57% less net AFFE* | April 30, 2014 | December 31, 2015 | ||||||
| Class R Shares |
Contractual | 1.07% less net AFFE* | April 30, 2014 | December 31, 2015 | ||||||
| Class R5 Shares |
Contractual | 0.57% less net AFFE* | April 30, 2014 | December 31, 2015 | ||||||
| Class R6 Shares |
Contractual | 0.57% less net AFFE* | April 30, 2014 | December 31, 2015 | ||||||
| Class Y Shares |
Contractual | 0.57% less net AFFE* | April 30, 2014 | December 31, 2015 | ||||||
| See page 16 for footnotes to Exhibit A. |
||||||||||
4
as of December 3, 2014
AIM Equity Funds (Invesco Equity Funds)
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||||
| Invesco Charter Fund |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 2.25 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 1.75 | % | September 24, 2012 | June 30, 2015 | |||||
| Class S Shares |
Contractual | 1.90 | % | September 25, 2009 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Invesco Diversified Dividend Fund |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2013 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2013 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2013 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 2.25 | % | July 1, 2013 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.75 | % | July 1, 2013 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 1.75 | % | July 1, 2013 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2013 | June 30, 2015 | |||||
| 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, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class P Shares |
Contractual | 1.85 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class S Shares |
Contractual | 1.90 | % | September 25, 2009 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2009 | June 30, 2015 | |||||
AIM Funds Group (Invesco Funds Group)
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||||
| Invesco European Small Company Fund |
||||||||||
| Class A Shares |
Contractual | 2.25 | % | July 1, 2009 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 3.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 3.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Invesco Global Core Equity Fund |
||||||||||
| Class A Shares |
Contractual | 2.25 | % | July 1, 2013 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 3.00 | % | July 1, 2013 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 3.00 | % | July 1, 2013 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 2.50 | % | July 1, 2013 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 2.00 | % | July 1, 2013 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 2.00 | % | July 1, 2013 | June 30, 2015 | |||||
| Invesco International Small Company Fund |
||||||||||
| Class A Shares |
Contractual | 2.25 | % | July 1, 2009 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 3.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 3.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 2.00 | % | September 24, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| See page 16 for footnotes to Exhibit A. | ||||||||||
5
as of December 3, 2014
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||||||
| Invesco Small Cap Equity Fund |
||||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2009 | June 30, 2015 | |||||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2009 | June 30, 2015 | |||||||
| Class R Shares |
Contractual | 2.25 | % | July 1, 2009 | June 30, 2015 | |||||||
| Class R5 Shares |
Contractual | 1.75 | % | July 1, 2009 | June 30, 2015 | |||||||
| Class R6 Shares |
Contractual | 1.75 | % | September 24, 2012 | June 30, 2015 | |||||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2009 | June 30, 2015 | |||||||
AIM Growth Series (Invesco Growth Series)
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||||||
| Invesco Alternative Strategies Fund |
||||||||||||
| Class A Shares |
Contractual | 0.52 | % | October 14, 2014 | October 31, 2016 | |||||||
| Class C Shares |
Contractual | 1.27 | % | October 14, 2014 | October 31, 2016 | |||||||
| Class R Shares |
Contractual | 0.77 | % | October 14, 2014 | October 31, 2016 | |||||||
| Class R5 Shares |
Contractual | 0.27 | % | October 14, 2014 | October 31, 2016 | |||||||
| Class R6 Shares |
Contractual | 0.27 | % | October 14, 2014 | October 31, 2016 | |||||||
| Class Y Shares |
Contractual | 0.27 | % | October 14, 2014 | October 31, 2016 | |||||||
| Invesco Balanced-Risk Retirement 2020 Fund |
||||||||||||
| Class A Shares |
Contractual | 0.25 | % | November 4, 2009 | April 30, 2016 | |||||||
| Class AX Shares |
Contractual | 0.25 | % | February 12, 2010 | April 30, 2016 | |||||||
| Class B Shares |
Contractual | 1.00 | % | November 4, 2009 | April 30, 2016 | |||||||
| Class C Shares |
Contractual | 1.00 | % | November 4, 2009 | April 30, 2016 | |||||||
| Class CX Shares |
Contractual | 1.00 | % | February 12, 2010 | April 30, 2016 | |||||||
| Class R Shares |
Contractual | 0.50 | % | November 4, 2009 | April 30, 2016 | |||||||
| Class R5 Shares |
Contractual | 0.00 | % | November 4, 2009 | April 30, 2016 | |||||||
| Class R6 Shares |
Contractual | 0.00 | % | September 24, 2012 | April 30, 2016 | |||||||
| Class RX Shares |
Contractual | 0.50 | % | February 12, 2010 | April 30, 2016 | |||||||
| Class Y Shares |
Contractual | 0.00 | % | November 4, 2009 | April 30, 2016 | |||||||
| Invesco Balanced-Risk Retirement 2030 Fund |
||||||||||||
| Class A Shares |
Contractual | 0.25 | % | November 4, 2009 | April 30, 2016 | |||||||
| Class AX Shares |
Contractual | 0.25 | % | February 12, 2010 | April 30, 2016 | |||||||
| Class B Shares |
Contractual | 1.00 | % | November 4, 2009 | April 30, 2016 | |||||||
| Class C Shares |
Contractual | 1.00 | % | November 4, 2009 | April 30, 2016 | |||||||
| Class CX Shares |
Contractual | 1.00 | % | February 12, 2010 | April 30, 2016 | |||||||
| Class R Shares |
Contractual | 0.50 | % | November 4, 2009 | April 30, 2016 | |||||||
| Class R5 Shares |
Contractual | 0.00 | % | November 4, 2009 | April 30, 2016 | |||||||
| Class R6 Shares |
Contractual | 0.00 | % | September 24, 2012 | April 30, 2016 | |||||||
| Class RX Shares |
Contractual | 0.50 | % | February 12, 2010 | April 30, 2016 | |||||||
| Class Y Shares |
Contractual | 0.00 | % | November 4, 2009 | April 30, 2016 | |||||||
| Invesco Balanced-Risk Retirement 2040 Fund |
||||||||||||
| Class A Shares |
Contractual | 0.25 | % | November 4, 2009 | April 30, 2016 | |||||||
| Class AX Shares |
Contractual | 0.25 | % | February 12, 2010 | April 30, 2016 | |||||||
| Class B Shares |
Contractual | 1.00 | % | November 4, 2009 | April 30, 2016 | |||||||
| Class C Shares |
Contractual | 1.00 | % | November 4, 2009 | April 30, 2016 | |||||||
| Class CX Shares |
Contractual | 1.00 | % | February 12, 2010 | April 30, 2016 | |||||||
| Class R Shares |
Contractual | 0.50 | % | November 4, 2009 | April 30, 2016 | |||||||
| Class R5 Shares |
Contractual | 0.00 | % | November 4, 2009 | April 30, 2016 | |||||||
| Class R6 Shares |
Contractual | 0.00 | % | September 24, 2012 | April 30, 2016 | |||||||
| Class RX Shares |
Contractual | 0.50 | % | February 12, 2010 | April 30, 2016 | |||||||
| Class Y Shares |
Contractual | 0.00 | % | November 4, 2009 | April 30, 2016 | |||||||
| See page 16 for footnotes to Exhibit A. |
||||||||||||
6
as of December 3, 2014
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||||
| Invesco Balanced-Risk Retirement 2050 Fund |
||||||||||
| Class A Shares |
Contractual | 0.25 | % | November 4, 2009 | April 30, 2016 | |||||
| Class AX Shares |
Contractual | 0.25 | % | February 12, 2010 | April 30, 2016 | |||||
| Class B Shares |
Contractual | 1.00 | % | November 4, 2009 | April 30, 2016 | |||||
| Class C Shares |
Contractual | 1.00 | % | November 4, 2009 | April 30, 2016 | |||||
| Class CX Shares |
Contractual | 1.00 | % | February 12, 2010 | April 30, 2016 | |||||
| Class R Shares |
Contractual | 0.50 | % | November 4, 2009 | April 30, 2016 | |||||
| Class R5 Shares |
Contractual | 0.00 | % | November 4, 2009 | April 30, 2016 | |||||
| Class R6 Shares |
Contractual | 0.00 | % | September 24, 2012 | April 30, 2016 | |||||
| Class RX Shares |
Contractual | 0.50 | % | February 12, 2010 | April 30, 2016 | |||||
| Class Y Shares |
Contractual | 0.00 | % | November 4, 2009 | April 30, 2016 | |||||
| Invesco Balanced-Risk Retirement Now Fund |
||||||||||
| Class A Shares |
Contractual | 0.25 | % | November 4, 2009 | April 30, 2016 | |||||
| Class AX Shares |
Contractual | 0.25 | % | February 12, 2010 | April 30, 2016 | |||||
| Class B Shares |
Contractual | 1.00 | % | November 4, 2009 | April 30, 2016 | |||||
| Class C Shares |
Contractual | 1.00 | % | November 4, 2009 | April 30, 2016 | |||||
| Class CX Shares |
Contractual | 1.00 | % | February 12, 2010 | April 30, 2016 | |||||
| Class R Shares |
Contractual | 0.50 | % | November 4, 2009 | April 30, 2016 | |||||
| Class R5 Shares |
Contractual | 0.00 | % | November 4, 2009 | April 30, 2016 | |||||
| Class R6 Shares |
Contractual | 0.00 | % | September 24, 2012 | April 30, 2016 | |||||
| Class RX Shares |
Contractual | 0.50 | % | February 12, 2010 | April 30, 2016 | |||||
| Class Y Shares |
Contractual | 0.00 | % | November 4, 2009 | April 30, 2016 | |||||
| Invesco Conservative Allocation Fund |
||||||||||
| Class A Shares |
Contractual | 1.50 | % | July 1, 2012 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class S Shares |
Contractual | 1.40 | % | July 1, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco Convertible Securities Fund |
||||||||||
| Class A Shares |
Contractual | 1.50 | % | July 1, 2012 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 1.25 | % | September 24, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco Global Low Volatility Equity Yield Fund |
||||||||||
| Class A Shares |
Contractual | 2.25 | % | July 1, 2009 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 3.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 3.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 2.50 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Invesco Growth Allocation Fund |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class S Shares |
Contractual | 1.90 | % | July 1, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| See page 16 for footnotes to Exhibit A. |
||||||||||
7
as of December 3, 2014
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||||
| Invesco Income Allocation Fund |
||||||||||
| Class A Shares |
Contractual | 0.25 | % | May 1, 2012 | April 30, 2016 | |||||
| Class B Shares |
Contractual | 1.00 | % | May 1, 2012 | April 30, 2016 | |||||
| Class C Shares |
Contractual | 1.00 | % | May 1, 2012 | April 30, 2016 | |||||
| Class R Shares |
Contractual | 0.50 | % | May 1, 2012 | April 30, 2016 | |||||
| Class R5 Shares |
Contractual | 0.00 | % | May 1, 2012 | April 30, 2016 | |||||
| Class Y Shares |
Contractual | 0.00 | % | May 1, 2012 | April 30, 2016 | |||||
| Invesco International Allocation Fund |
||||||||||
| Class A Shares |
Contractual | 2.25 | % | May 1, 2012 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 3.00 | % | May 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 3.00 | % | May 1, 2012 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 2.50 | % | May 1, 2012 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 2.00 | % | May 1, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 2.00 | % | May 1, 2012 | June 30, 2015 | |||||
| Invesco Mid Cap Core Equity Fund |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 2.25 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 1.75 | % | September 24, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Invesco Moderate Allocation Fund |
||||||||||
| Class A Shares |
Contractual | 1.50 | % | July 1, 2012 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class S Shares |
Contractual | 1.40 | % | July 1, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco Multi-Asset Inflation Fund |
||||||||||
| Class C Shares |
Contractual | 1.36% less net AFFE* | October 14, 2014 | April 30, 2016 | ||||||
| Class R Shares |
Contractual | 2.11% less net AFFE* | October 14, 2014 | April 30, 2016 | ||||||
| Class R5 Shares |
Contractual | 1.61% less net AFFE* | October 14, 2014 | April 30, 2016 | ||||||
| Class R6 Shares |
Contractual | 1.11% less net AFFE* | October 14, 2014 | April 30, 2016 | ||||||
| Class Y Shares |
Contractual | 1.11% less net AFFE* | October 14, 2014 | April 30, 2016 | ||||||
| Contractual | 1.11% less net AFFE* | October 14, 2014 | April 30, 2016 | |||||||
| Invesco Small Cap Growth Fund |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 2.25 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 1.75 | % | September 24, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2009 | June 30, 2015 | |||||
| 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, 2015 | |||||
| Class B Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
| See page 16 for footnotes to Exhibit A. |
||||||||||
8
as of December 3, 2014
AIM International Mutual Funds (Invesco International Mutual Funds)
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||||
| Invesco Asia Pacific Growth Fund |
||||||||||
| Class A Shares |
Contractual | 2.25 | % | July 1, 2009 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 3.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 3.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Invesco European Growth Fund |
||||||||||
| Class A Shares |
Contractual | 2.25 | % | July 1, 2009 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 3.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 3.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 2.50 | % | July 1, 2009 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Investor Class Shares |
Contractual | 2.25 | % | July 1, 2009 | June 30, 2015 | |||||
| Invesco Global Growth Fund |
||||||||||
| Class A Shares |
Contractual | 2.25 | % | January 1, 2013 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 3.00 | % | January 1, 2013 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 3.00 | % | January 1, 2013 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 2.00 | % | January 1, 2013 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 2.00 | % | January 1, 2013 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 2.00 | % | January 1, 2013 | June 30, 2015 | |||||
| Invesco Global Opportunities Fund |
||||||||||
| Class A Shares |
Contractual | 1.36 | % | August 1, 2012 | February 29, 2016 | |||||
| Class C Shares |
Contractual | 2.11 | % | August 1, 2012 | February 29, 2016 | |||||
| Class R Shares |
Contractual | 1.61 | % | August 1, 2012 | February 29, 2016 | |||||
| Class R5 Shares |
Contractual | 1.11 | % | August 1, 2012 | February 29, 2016 | |||||
| Class R6 Shares |
Contractual | 1.11 | % | September 24, 2012 | February 29, 2016 | |||||
| Class Y Shares |
Contractual | 1.11 | % | August 1, 2012 | February 29, 2016 | |||||
| Invesco Global Small & Mid Cap Growth Fund |
||||||||||
| Class A Shares |
Contractual | 2.25 | % | July 1, 2009 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 3.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 3.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Invesco International Core Equity Fund |
||||||||||
| Class A Shares |
Contractual | 2.25 | % | July 1, 2009 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 3.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 3.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 2.50 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 2.00 | % | September 24, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Investor Class Shares |
Contractual | 2.25 | % | July 1, 2009 | June 30, 2015 | |||||
| Invesco International Growth Fund |
||||||||||
| Class A Shares |
Contractual | 2.25 | % | July 1, 2013 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 3.00 | % | July 1, 2013 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 3.00 | % | July 1, 2013 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 2.50 | % | July 1, 2013 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 2.00 | % | July 1, 2013 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 2.00 | % | July 1, 2013 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 2.00 | % | July 1, 2013 | June 30, 2015 | |||||
| See page 16 for footnotes to Exhibit A. |
||||||||||
9
as of December 3, 2014
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||||
| Invesco Select Opportunities Fund |
||||||||||
| Class A Shares |
Contractual | 1.51 | % | August 1, 2012 | February 29, 2016 | |||||
| Class C Shares |
Contractual | 2.26 | % | August 1, 2012 | February 29, 2016 | |||||
| Class R Shares |
Contractual | 1.76 | % | August 1, 2012 | February 29, 2016 | |||||
| Class R5 Shares |
Contractual | 1.26 | % | August 1, 2012 | February 29, 2016 | |||||
| Class R6 Shares |
Contractual | 1.26 | % | September 24, 2012 | February 29, 2016 | |||||
| Class Y Shares |
Contractual | 1.26 | % | August 1, 2012 | February 29, 2016 | |||||
AIM Investment Funds (Invesco Investment Funds)
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||||
| Invesco All Cap Market Neutral Fund |
||||||||||
| Class A Shares |
Contractual | 1.62 | % | December 17, 2013 | February 29, 2016 | |||||
| Class C Shares |
Contractual | 2.37 | % | December 17, 2013 | February 29, 2016 | |||||
| Class R Shares |
Contractual | 1.87 | % | December 17, 2013 | February 29, 2016 | |||||
| Class R5 Shares |
Contractual | 1.37 | % | December 17, 2013 | February 29, 2016 | |||||
| Class R6 Shares |
Contractual | 1.37 | % | December 17, 2013 | February 29, 2016 | |||||
| Class Y Shares |
Contractual | 1.37 | % | December 17, 2013 | February 29, 2016 | |||||
| Invesco Balanced-Risk Allocation Fund3 |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 1.75 | % | September 24, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco Balanced-Risk Commodity Strategy Fund4 |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2014 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2014 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2014 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 2.25 | % | July 1, 2014 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.75 | % | July 1, 2014 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 1.75 | % | July 1, 2014 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2014 | June 30, 2015 | |||||
| Invesco China Fund |
||||||||||
| Class A Shares |
Contractual | 2.25 | % | July 1, 2009 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 3.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 3.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Invesco Developing Markets Fund |
||||||||||
| Class A Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 3.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 3.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 2.00 | % | September 24, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco Emerging Markets Equity Fund |
||||||||||
| Class A Shares |
Contractual | 1.85 | % | May 11, 2011 | February 29, 2016 | |||||
| Class C Shares |
Contractual | 2.60 | % | May 11, 2011 | February 29, 2016 | |||||
| Class R Shares |
Contractual | 2.10 | % | May 11, 2011 | February 29, 2016 | |||||
| Class R5 Shares |
Contractual | 1.60 | % | May 11, 2011 | February 29, 2016 | |||||
| Class R6 Shares |
Contractual | 1.60 | % | September 24, 2012 | February 29, 2016 | |||||
| Class Y Shares |
Contractual | 1.60 | % | May 11, 2011 | February 29, 2016 | |||||
| See page 16 for footnotes to Exhibit A. |
||||||||||
10
as of December 3, 2014
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||||
| Invesco Emerging Market Local Currency Debt Fund |
||||||||||
| Class A Shares |
Contractual | 1.24 | % | June 14, 2010 | February 29, 2016 | |||||
| Class B Shares |
Contractual | 1.99 | % | June 14, 2010 | February 29, 2016 | |||||
| Class C Shares |
Contractual | 1.99 | % | June 14, 2010 | February 29, 2016 | |||||
| Class R Shares |
Contractual | 1.49 | % | June 14, 2010 | February 29, 2016 | |||||
| Class Y Shares |
Contractual | 0.99 | % | June 14, 2010 | February 29, 2016 | |||||
| Class R5 Shares |
Contractual | 0.99 | % | June 14, 2010 | February 29, 2016 | |||||
| Class R6 Shares |
Contractual | 0.99 | % | September 24, 2012 | February 29, 2016 | |||||
| Invesco Endeavor Fund |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 2.25 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 1.75 | % | September 24, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Invesco Global Health Care Fund |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Investor Class Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco Global Infrastructure Fund |
||||||||||
| Class A Shares |
Contractual | 1.40 | % | May 2, 2014 | February 29, 2016 | |||||
| Class C Shares |
Contractual | 2.15 | % | May 2, 2014 | February 29, 2016 | |||||
| Class R Shares |
Contractual | 1.65 | % | May 2, 2014 | February 29, 2016 | |||||
| Class Y Shares |
Contractual | 1.15 | % | May 2, 2014 | February 29, 2016 | |||||
| Class R5 Shares |
Contractual | 1.15 | % | May 2, 2014 | February 29, 2016 | |||||
| Class R6 Shares |
Contractual | 1.15 | % | May 2, 2014 | February 29, 2016 | |||||
| Invesco Global Markets Strategy Fund5 |
||||||||||
| Class A Shares |
Contractual | 1.80% less net AFFE* | December 17, 2013 | February 29, 2016 | ||||||
| Class C Shares |
Contractual | 2.55% less net AFFE* | December 17, 2013 | February 29, 2016 | ||||||
| Class R Shares |
Contractual | 2.05% less net AFFE* | December 17, 2013 | February 29, 2016 | ||||||
| Class R5 Shares |
Contractual | 1.55% less net AFFE* | December 17, 2013 | February 29, 2016 | ||||||
| Class R6 Shares |
Contractual | 1.55% less net AFFE* | December 17, 2013 | February 29, 2016 | ||||||
| Class Y Shares |
Contractual | 1.55% less net AFFE* | December 17, 2013 | February 29, 2016 | ||||||
| Invesco Global Market Neutral Fund |
||||||||||
| Class A Shares |
Contractual | 1.62 | % | December 17, 2013 | February 29, 2016 | |||||
| Class C Shares |
Contractual | 2.37 | % | December 17, 2013 | February 29, 2016 | |||||
| Class R Shares |
Contractual | 1.87 | % | December 17, 2013 | February 29, 2016 | |||||
| Class R5 Shares |
Contractual | 1.37 | % | December 17, 2013 | February 29, 2016 | |||||
| Class R6 Shares |
Contractual | 1.37 | % | December 17, 2013 | February 29, 2016 | |||||
| Class Y Shares |
Contractual | 1.37 | % | December 17, 2013 | February 29, 2016 | |||||
| Invesco Global Targeted Returns Fund6 |
||||||||||
| Class A Shares |
Contractual | 1.80% less net AFFE* | December 17, 2013 | February 29, 2016 | ||||||
| Class C Shares |
Contractual | 2.55% less net AFFE* | December 17, 2013 | February 29, 2016 | ||||||
| Class R Shares |
Contractual | 2.05% less net AFFE* | December 17, 2013 | February 29, 2016 | ||||||
| Class R5 Shares |
Contractual | 1.55% less net AFFE* | December 17, 2013 | February 29, 2016 | ||||||
| Class R6 Shares |
Contractual | 1.55% less net AFFE* | December 17, 2013 | February 29, 2016 | ||||||
| Class Y Shares |
Contractual | 1.55% less net AFFE* | December 17, 2013 | February 29, 2016 | ||||||
| See page 16 for footnotes to Exhibit A. | ||||||||||
11
as of December 3, 2014
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||||
| Invesco International Total Return Fund |
||||||||||
| Class A Shares |
Contractual | 1.10 | % | March 31, 2006 | February 29, 2016 | |||||
| Class B Shares |
Contractual | 1.85 | % | March 31, 2006 | February 29, 2016 | |||||
| Class C Shares |
Contractual | 1.85 | % | March 31, 2006 | February 29, 2016 | |||||
| Class R5 Shares |
Contractual | 0.85 | % | October 3, 2008 | February 29, 2016 | |||||
| Class R6 Shares |
Contractual | 0.85 | % | September 24, 2012 | February 29, 2016 | |||||
| Class Y Shares |
Contractual | 0.85 | % | March 31, 2006 | February 29, 2016 | |||||
| Invesco Long/Short Equity Fund |
||||||||||
| Class A Shares |
Contractual | 1.87 | % | December 17, 2013 | February 29, 2016 | |||||
| Class C Shares |
Contractual | 2.62 | % | December 17, 2013 | February 29, 2016 | |||||
| Class R Shares |
Contractual | 2.12 | % | December 17, 2013 | February 29, 2016 | |||||
| Class R5 Shares |
Contractual | 1.62 | % | December 17, 2013 | February 29, 2016 | |||||
| Class R6 Shares |
Contractual | 1.62 | % | December 17, 2013 | February 29, 2016 | |||||
| Class Y Shares |
Contractual | 1.62 | % | December 17, 2013 | February 29, 2016 | |||||
| Invesco Low Volatility Emerging Markets Fund |
||||||||||
| Class A Shares |
Contractual | 1.72 | % | December 17, 2013 | February 29, 2016 | |||||
| Class C Shares |
Contractual | 2.47 | % | December 17, 2013 | February 29, 2016 | |||||
| Class R Shares |
Contractual | 1.97 | % | December 17, 2013 | February 29, 2016 | |||||
| Class R5 Shares |
Contractual | 1.47 | % | December 17, 2013 | February 29, 2016 | |||||
| Class R6 Shares |
Contractual | 1.47 | % | December 17, 2013 | February 29, 2016 | |||||
| Class Y Shares |
Contractual | 1.47 | % | December 17, 2013 | February 29, 2016 | |||||
| Invesco MLP Fund |
||||||||||
| Class A Shares |
Contractual | 1.50 | % | August 29, 2014 | February 29, 2016 | |||||
| Class C Shares |
Contractual | 2.25 | % | August 29, 2014 | February 29, 2016 | |||||
| Class R Shares |
Contractual | 1.75 | % | August 29, 2014 | February 29, 2016 | |||||
| Class R5 Shares |
Contractual | 1.25 | % | August 29, 2014 | February 29, 2016 | |||||
| Class R6 Shares |
Contractual | 1.25 | % | August 29, 2014 | February 29, 2016 | |||||
| Class Y Shares |
Contractual | 1.25 | % | August 29, 2014 | February 29, 2016 | |||||
| Invesco Macro International Equity Fund |
||||||||||
| Class A Shares |
Contractual | 1.43 | % | December 17, 2013 | February 29, 2016 | |||||
| Class C Shares |
Contractual | 2.18 | % | December 17, 2013 | February 29, 2016 | |||||
| Class R Shares |
Contractual | 1.68 | % | December 17, 2013 | February 29, 2016 | |||||
| Class R5 Shares |
Contractual | 1.18 | % | December 17, 2013 | February 29, 2016 | |||||
| Class R6 Shares |
Contractual | 1.18 | % | December 17, 2013 | February 29, 2016 | |||||
| Class Y Shares |
Contractual | 1.18 | % | December 17, 2013 | February 29, 2016 | |||||
| Invesco Macro Long/Short Fund |
||||||||||
| Class A Shares |
Contractual | 1.87 | % | December 17, 2013 | February 29, 2016 | |||||
| Class C Shares |
Contractual | 2.62 | % | December 17, 2013 | February 29, 2016 | |||||
| Class R Shares |
Contractual | 2.12 | % | December 17, 2013 | February 29, 2016 | |||||
| Class R5 Shares |
Contractual | 1.62 | % | December 17, 2013 | February 29, 2016 | |||||
| Class R6 Shares |
Contractual | 1.62 | % | December 17, 2013 | February 29, 2016 | |||||
| Class Y Shares |
Contractual | 1.62 | % | December 17, 2013 | February 29, 2016 | |||||
| Invesco Pacific Growth Fund |
||||||||||
| Class A Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 3.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 3.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 2.50 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| See page 16 for footnotes to Exhibit A. | ||||||||||
12
as of December 3, 2014
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||||
| Invesco Premium Income Fund |
||||||||||
| Class A Shares |
Contractual | 0.89 | % | December 13, 2011 | February 28, 2015 | |||||
| Class C Shares |
Contractual | 1.64 | % | December 13, 2011 | February 28, 2015 | |||||
| Class R Shares |
Contractual | 1.14 | % | December 13, 2011 | February 28, 2015 | |||||
| Class R5 Shares |
Contractual | 0.64 | % | December 13, 2011 | February 28, 2015 | |||||
| Class R6 Shares |
Contractual | 0.64 | % | September 24, 2012 | February 28, 2015 | |||||
| Class Y Shares |
Contractual | 0.64 | % | December 13, 2011 | February 28, 2015 | |||||
| Invesco Premium Income Fund |
||||||||||
| Class A Shares |
Contractual | 1.05 | % | March 1, 2015 | February 29, 2016 | |||||
| Class C Shares |
Contractual | 1.80 | % | March 1, 2015 | February 29, 2016 | |||||
| Class R Shares |
Contractual | 1.30 | % | March 1, 2015 | February 29, 2016 | |||||
| Class R5 Shares |
Contractual | 0.80 | % | March 1, 2015 | February 29, 2016 | |||||
| Class R6 Shares |
Contractual | 0.80 | % | March 1, 2015 | February 29, 2016 | |||||
| Class Y Shares |
Contractual | 0.80 | % | March 1, 2015 | February 29, 2016 | |||||
| Invesco Select Companies Fund |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 2.25 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Invesco Strategic Income Fund |
||||||||||
| Class A Shares |
Contractual | 0.85% less net AFFE* | May 2, 2014 | February 29, 2016 | ||||||
| Class C Shares |
Contractual | 1.60% less net AFFE* | May 2, 2014 | February 29, 2016 | ||||||
| Class R Shares |
Contractual | 1.10% less net AFFE* | May 2, 2014 | February 29, 2016 | ||||||
| Class Y Shares |
Contractual | 0.60% less net AFFE* | May 2, 2014 | February 29, 2016 | ||||||
| Class R5 Shares |
Contractual | 0.60% less net AFFE* | May 2, 2014 | February 29, 2016 | ||||||
| Class R6 Shares |
Contractual | 0.60% less net AFFE* | May 2, 2014 | February 29, 2016 | ||||||
| Invesco Unconstrained Bond Fund |
||||||||||
| Class A Shares |
Contractual | 1.04% less net AFFE* | October 14, 2014 | February 29, 2016 | ||||||
| Class C Shares |
Contractual | 1.79% less net AFFE* | October 14, 2014 | February 29, 2016 | ||||||
| Class R Shares |
Contractual | 1.29% less net AFFE* | October 14, 2014 | February 29, 2016 | ||||||
| Class Y Shares |
Contractual | 0.79% less net AFFE* | October 14, 2014 | February 29, 2016 | ||||||
| Class R5 Shares |
Contractual | 0.79% less net AFFE* | October 14, 2014 | February 29, 2016 | ||||||
| Class R6 Shares |
Contractual | 0.79% less net AFFE* | October 14, 2014 | February 29, 2016 | ||||||
AIM Investment Securities Funds (Invesco Investment Securities Funds)
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||||
| Invesco Corporate Bond Fund |
||||||||||
| Class A Shares |
Contractual | 1.50 | % | July 1, 2012 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 1.25 | % | September 24, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco Global Real Estate Fund |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 2.25 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 1.75 | % | September 24, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2009 | June 30, 2015 | |||||
| See page 16 for footnotes to Exhibit A. |
||||||||||
13
as of December 3, 2014
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||||
| Invesco High Yield Fund |
||||||||||
| Class A Shares |
Contractual | 1.50 | % | July 1, 2013 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.25 | % | July 1, 2013 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.25 | % | July 1, 2013 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.25 | % | July 1, 2013 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 1.25 | % | July 1, 2013 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.25 | % | July 1, 2013 | June 30, 2015 | |||||
| Investor Class Shares |
Contractual | 1.50 | % | July 1, 2013 | June 30, 2015 | |||||
| Invesco Limited Maturity Treasury Fund | ||||||||||
| Class A Shares |
Contractual | 1.50 | % | July 1, 2012 | June 30, 2015 | |||||
| Class A2 Shares |
Contractual | 1.40 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco Real Estate Fund |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 1.75 | % | September 24, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Investor Class Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco Short Term Bond Fund |
||||||||||
| Class A Shares |
Contractual | 1.40 | % | July 1, 2013 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 1.75 | %2 | July 1, 2013 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 1.75 | % | July 1, 2013 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.25 | % | July 1, 2013 | June 30, 2015 | |||||
| Class R6 Shares |
Contractual | 1.25 | % | July 1, 2013 | June 30, 2015 | |||||
| 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, 2015 | |||||
| Class B Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Investor Class Shares |
Contractual | 1.50 | % | July 1, 2012 | June 30, 2015 | |||||
AIM Sector Funds (Invesco Sector Funds)
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||||||
| Invesco American Value Fund |
||||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2013 | June 30, 2015 | |||||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2013 | June 30, 2015 | |||||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2013 | June 30, 2015 | |||||||
| Class R Shares |
Contractual | 2.25 | % | July 1, 2013 | June 30, 2015 | |||||||
| Class R5 Shares |
Contractual | 1.75 | % | July 1, 2013 | June 30, 2015 | |||||||
| Class R6 Shares |
Contractual | 1.75 | % | July 1, 2013 | June 30, 2015 | |||||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2013 | June 30, 2015 | |||||||
| Invesco Xxxxxxxx Fund |
||||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||||
| Class R Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||||
| Class R5 Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||||
| Class R6 Shares |
Contractual | 1.75 | % | September 24, 2012 | June 30, 2015 | |||||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||||
| See page 16 for footnotes to Exhibit A. |
||||||||||||
14
as of December 3, 2014
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||||
| Invesco Energy Fund |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Investor Class Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Invesco Dividend Income Fund |
||||||||||
| Class A Shares |
Contractual | 1.14 | % | September 1, 2014 | August 31, 2015 | |||||
| Class B Shares |
Contractual | 1.89 | % | September 1, 2014 | August 31, 2015 | |||||
| Class C Shares |
Contractual | 1.89 | % | September 1, 2014 | August 31, 2015 | |||||
| Class R5 Shares |
Contractual | 0.89 | % | September 1, 2014 | August 31, 2015 | |||||
| Class R6 Shares |
Contractual | 0.89 | % | September 1, 2014 | August 31, 2015 | |||||
| Class Y Shares |
Contractual | 0.89 | % | September 1, 2014 | August 31, 2015 | |||||
| Investor Class Shares |
Contractual | 1.14 | % | September 1, 2014 | August 31, 2015 | |||||
| Invesco Gold & Precious Metals Fund |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2009 | June 30, 2015 | |||||
| Investor Class Shares |
Contractual | 2.00 | % | July 1, 2009 | June 30, 2015 | |||||
| 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 | |||||
| Invesco Small Cap Value Fund |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco Technology Fund |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Investor Class Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco Technology Sector Fund |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | February 12, 2010 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | February 12, 2010 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | February 12, 2010 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | February 12, 2010 | June 30, 2015 | |||||
| Invesco Value Opportunities Fund |
||||||||||
| Class A Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| See page 16 for footnotes to Exhibit A. |
||||||||||
15
as of December 3, 2014
AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds)
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||||
| Invesco High Yield Municipal Fund |
||||||||||
| Class A Shares |
Contractual | 1.50 | % | July 1, 2012 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco Intermediate Term Municipal Income Fund |
||||||||||
| Class A Shares |
Contractual | 0.80 | % | July 1, 2013 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 1.55 | % | July 1, 2013 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 1.55 | % | July 1, 2013 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 0.55 | % | July 1, 2013 | June 30, 2015 | |||||
| Invesco Municipal Income Fund |
||||||||||
| Class A Shares |
Contractual | 1.50 | % | July 1, 2013 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.25 | % | July 1, 2013 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.25 | % | July 1, 2013 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.25 | % | July 1, 2013 | June 30, 2015 | |||||
| Investor Class |
Contractual | 1.50 | % | July 15, 2013 | June 30, 2015 | |||||
| Invesco New York Tax Free Income Fund |
||||||||||
| Class A Shares |
Contractual | 1.50 | % | July 1, 2012 | June 30, 2015 | |||||
| Class B Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco Tax-Free Intermediate Fund |
||||||||||
| Class A Shares |
Contractual | 1.50 | % | July 1, 2012 | June 30, 2015 | |||||
| Class A2 Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class C Shares |
Contractual | 2.25 | % | June 30, 2013 | June 30, 2015 | |||||
| Class R5 Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Class Y Shares |
Contractual | 1.25 | % | July 1, 2012 | June 30, 2015 | |||||
Invesco Management Trust
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date |
||||||||||||
| Invesco Conservative Income Fund |
||||||||||||||||
| Institutional Class |
Contractual | 0.28 | % | July 1, 2014 | December 31, 2015 | |||||||||||
Invesco Securities Trust
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||||
| Invesco Balanced-Risk Aggressive Allocation Fund |
Contractual | 1.15% less net AFFE* | January 16, 2013 | February 29, 2016 | ||||||
| * | Acquired Fund Fees and Expenses (“AFFE”) will be calculated as of the Fund’s fiscal year end according to Instruction 3(f) of Item 3 of Form N-1A. “Net AFFE” will be calculated by subtracting any waivers by Invesco associated with investments in affiliated funds, such as investments in affiliated money market funds, from the AFFE calculated in accordance with the preceding sentence. For clarity, the NET AFFE calculated as of the Fund’s fiscal year end will be used throughout the waiver period in establishing the Fund’s waiver amount, regardless of whether actual AFFE is more or less during the waiver period. |
| 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. |
16
as of December 3, 2014
| 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. |
| 6 | Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund VII, Ltd. |
17
as of December 3, 2014
EXHIBIT “B” – INSTITUTIONAL MONEY MARKET FUNDS1,2
Short-Term Investments Trust
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||||
| Government & Agency Portfolio |
||||||||||
| Cash Management Class |
Contractual | 0.22 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Corporate Class |
Contractual | 0.17 | % | July 1, 2009 | December 31, 2015 | |||||
| Institutional Class |
Contractual | 0.14 | % | July 1, 2009 | December 31, 2015 | |||||
| Personal Investment Class |
Contractual | 0.69 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Private Investment Class |
Contractual | 0.44 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Reserve Class |
Contractual | 1.01 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Resource Class |
Contractual | 0.30 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Government TaxAdvantage Portfolio |
||||||||||
| Cash Management Class |
Contractual | 0.22 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Corporate Class |
Contractual | 0.17 | % | July 1, 2009 | December 31, 2015 | |||||
| Institutional Class |
Contractual | 0.14 | % | July 1, 2009 | December 31, 2015 | |||||
| Personal Investment Class |
Contractual | 0.69 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Private Investment Class |
Contractual | 0.39 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Reserve Class |
Contractual | 1.01 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Resource Class |
Contractual | 0.30 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Liquid Assets Portfolio |
||||||||||
| Cash Management Class |
Contractual | 0.22 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Corporate Class |
Contractual | 0.17 | % | July 1, 2009 | December 31, 2015 | |||||
| Institutional Class |
Contractual | 0.14 | % | July 1, 2009 | December 31, 2015 | |||||
| Personal Investment Class |
Contractual | 0.69 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Private Investment Class |
Contractual | 0.44 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Reserve Class |
Contractual | 1.01 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Resource Class |
Contractual | 0.34 | % | July 1, 2009 | December 31, 2015 | |||||
| STIC Prime Portfolio |
||||||||||
| Cash Management Class |
Contractual | 0.22 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Corporate Class |
Contractual | 0.17 | % | July 1, 2009 | December 31, 2015 | |||||
| Institutional Class |
Contractual | 0.14 | % | July 1, 2009 | December 31, 2015 | |||||
| Personal Investment Class |
Contractual | 0.69 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Private Investment Class |
Contractual | 0.44 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Reserve Class |
Contractual | 1.01 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Resource Class |
Contractual | 0.30 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Tax-Free Cash Reserve Portfolio3 |
||||||||||
| Cash Management Class |
Contractual | 0.33 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Corporate Class |
Contractual | 0.28 | % | July 1, 2009 | December 31, 2015 | |||||
| Institutional Class |
Contractual | 0.25 | % | July 1, 2009 | December 31, 2015 | |||||
| Personal Investment Class |
Contractual | 0.80 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Private Investment Class |
Contractual | 0.50 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Reserve Class |
Contractual | 1.12 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Resource Class |
Contractual | 0.41 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Treasury Portfolio |
||||||||||
| Cash Management Class |
Contractual | 0.22 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Corporate Class |
Contractual | 0.17 | % | July 1, 2009 | December 31, 2015 | |||||
| Institutional Class |
Contractual | 0.14 | % | July 1, 2009 | December 31, 2015 | |||||
| Personal Investment Class |
Contractual | 0.69 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Private Investment Class |
Contractual | 0.44 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Reserve Class |
Contractual | 1.01 | %2 | July 1, 2009 | December 31, 2015 | |||||
| Resource Class |
Contractual | 0.30 | %2 | July 1, 2009 | December 31, 2015 | |||||
| 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. |
18
as of December 3, 2014
EXHIBIT “C” – VARIABLE INSURANCE FUNDS
AIM Variable Insurance Funds (Invesco Variable Insurance Funds)
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||||
| Invesco V.I. American Franchise Fund |
||||||||||
| Series I Shares |
Contractual | 2.00 | % | July 1, 2014 | June 30, 2015 | |||||
| Series II Shares |
Contractual | 2.25 | % | July 1, 2014 | June 30, 2015 | |||||
| Invesco V.I. American Value Fund |
||||||||||
| Series I Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Series II Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco V.I. Balanced-Risk Allocation Fund1 |
||||||||||
| Series I Shares |
Contractual | 0.80% less net AFFE* | May 1, 2014 | April 30, 2016 | ||||||
| Series II Shares |
Contractual | 1.05% less net AFFE* | May 1, 2014 | April 30, 2016 | ||||||
| Invesco V.I. Xxxxxxxx Fund |
||||||||||
| Series I Shares |
Contractual | 0.78 | % | May 1, 2013 | April 30, 2016 | |||||
| Series II Shares |
Contractual | 1.03 | % | May 1, 2013 | April 30, 2016 | |||||
| Invesco V.I. Core Equity Fund |
||||||||||
| Series I Shares |
Contractual | 2.00 | % | May 1, 2013 | June 30, 2015 | |||||
| Series II Shares |
Contractual | 2.25 | % | May 1, 2013 | June 30, 2015 | |||||
| Invesco V.I. Diversified Dividend Fund |
||||||||||
| Series I Shares |
Contractual | 2.00 | % | May 1, 2013 | June 30, 2015 | |||||
| Series II Shares |
Contractual | 2.25 | % | May 1, 2013 | June 30, 2015 | |||||
| Invesco V.I. Diversified Income Fund |
||||||||||
| Series I Shares |
Contractual | 0.75 | % | July 1, 2005 | April 30, 2016 | |||||
| Series II Shares |
Contractual | 1.00 | % | July 1, 2005 | April 30, 2016 | |||||
| Invesco V.I. Equally-Weighted S&P 500 Fund |
||||||||||
| Series I Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Series II Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco V.I. Equity and Income Fund |
||||||||||
| Series I Shares |
Contractual | 1.50 | % | July 1, 2012 | June 30, 2015 | |||||
| Series II Shares |
Contractual | 1.75 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco V.I. Global Core Equity Fund |
||||||||||
| Series I Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Series II Shares |
Contractual | 2.50 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco V.I. Global Health Care Fund |
||||||||||
| Series I Shares |
Contractual | 2.00 | % | May 1, 2013 | June 30, 2015 | |||||
| Series II Shares |
Contractual | 2.25 | % | May 1, 2013 | June 30, 2015 | |||||
| Invesco V.I. Global Real Estate Fund |
||||||||||
| Series I Shares |
Contractual | 2.00 | % | May 1, 2013 | June 30, 2015 | |||||
| Series II Shares |
Contractual | 2.25 | % | May 1, 2013 | June 30, 2015 | |||||
| 1 | Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund IV, Ltd. |
19
as of December 3, 2014
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Expiration Date | ||||||
| Invesco V.I. Government Securities Fund |
||||||||||
| Series I Shares |
Contractual | 1.50 | % | May 1, 2013 | June 30, 2015 | |||||
| Series II Shares |
Contractual | 1.75 | % | May 1, 2013 | June 30, 2015 | |||||
| Invesco V.I. Growth and Income Fund |
||||||||||
| Series I Shares |
Contractual | 0.78 | % | May 1, 2013 | April 30, 2016 | |||||
| Series II Shares |
Contractual | 1.03 | % | May 1, 2013 | April 30, 2016 | |||||
| Invesco V.I. High Yield Fund |
||||||||||
| Series I Shares |
Contractual | 1.50 | % | May 1, 2014 | June 30, 2015 | |||||
| Series II Shares |
Contractual | 1.75 | % | May 1, 2014 | June 30, 2015 | |||||
| Invesco V.I. International Growth Fund |
||||||||||
| Series I Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Series II Shares |
Contractual | 2.50 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco V.I. Managed Volatility Fund |
||||||||||
| Series I Shares |
Contractual | 1.03 | % | April 30, 2014 | April 30, 2015 | |||||
| Series II Shares |
Contractual | 1.28 | % | April 30, 2014 | April 30, 2015 | |||||
| Invesco V.I. Managed Volatility Fund |
||||||||||
| Series I Shares |
Contractual | 2.00 | % | May 1, 2015 | June 30, 2015 | |||||
| Series II Shares |
Contractual | 2.25 | % | May 1, 2015 | June 30, 2015 | |||||
| Invesco V.I. Mid Cap Core Equity Fund |
||||||||||
| Series I Shares |
Contractual | 2.00 | % | May 1, 2013 | June 30, 2015 | |||||
| Series II Shares |
Contractual | 2.25 | % | May 1, 2013 | June 30, 2015 | |||||
| Invesco V.I. Mid Cap Growth Fund |
||||||||||
| Series I Shares |
Contractual | 2.00 | % | July 1, 2014 | June 30, 2015 | |||||
| Series II Shares |
Contractual | 2.25 | % | July 1, 2014 | June 30, 2015 | |||||
| Invesco V.I. Money Market Fund |
||||||||||
| Series I Shares |
Contractual | 1.50 | % | May 1, 2013 | June 30, 2015 | |||||
| Series II Shares |
Contractual | 1.75 | % | May 1, 2013 | June 30, 2015 | |||||
| Invesco V.I. S&P 500 Index Fund |
||||||||||
| Series I Shares |
Contractual | 2.00 | % | July 1, 2012 | June 30, 2015 | |||||
| Series II Shares |
Contractual | 2.25 | % | July 1, 2012 | June 30, 2015 | |||||
| Invesco V.I. Small Cap Equity Fund |
||||||||||
| Series I Shares |
Contractual | 2.00 | % | May 1, 2013 | June 30, 2015 | |||||
| Series II Shares |
Contractual | 2.25 | % | May 1, 2013 | June 30, 2015 | |||||
| Invesco V.I. Technology Fund |
||||||||||
| Series I Shares |
Contractual | 2.00 | % | May 1, 2013 | June 30, 2015 | |||||
| Series II Shares |
Contractual | 2.25 | % | May 1, 2013 | June 30, 2015 | |||||
| Invesco V.I. Value Opportunities Fund |
||||||||||
| Series I Shares |
Contractual | 2.00 | % | May 1, 2013 | June 30, 2015 | |||||
| Series II Shares |
Contractual | 2.25 | % | May 1, 2013 | June 30, 2015 | |||||
| * | Acquired Fund Fees and Expenses (“AFFE”) will be calculated as of the Fund’s fiscal year end according to Instruction 3(f) of Item 3 of Form N-1A. “Net AFFE” will be calculated by subtracting any waivers by Invesco associated with investments in affiliated funds, such as investments in affiliated money market funds, from the AFFE calculated in accordance with the preceding sentence. For clarity, the NET AFFE calculated as of the Fund’s fiscal year end will be used throughout the waiver period in establishing the Fund’s waiver amount, regardless of whether actual AFFE is more or less during the waiver period. |
20
as of December 3, 2014
EXHIBIT “D” – CLOSED-END FUNDS
Invesco California Value Municipal Income Trust
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Commitment End Date | ||||
| Invesco California Value Municipal Income Trust |
Voluntary | 0.52% | August 27, 2012 | N/A |
Invesco High Income Trust II
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Commitment End Date | ||||
| Invesco High Income Trust II |
Voluntary | 1.10% | August 27, 2012 | December 31, 2014 |
Invesco Municipal Income Opportunities Trust
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Commitment End Date | ||||
| Invesco Municipal Income Opportunities Trust |
Voluntary | 0.67% | August 27, 2012 | December 31, 2014 |
Invesco Quality Municipal Income Trust
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Commitment End Date | ||||
| Invesco Quality Municipal Income Trust |
Voluntary | 0.50% | October 15, 2012 | N/A |
Invesco Trust for Investment Grade New York Municipals
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Commitment End Date | ||||
| Invesco Trust for Investment Grade New York Municipals |
Voluntary | 0.69% | August 27, 2012 | N/A |
Invesco Value Municipal Income Trust
| Fund |
Contractual/ Voluntary |
Expense Limitation |
Effective Date of Current Limit |
Commitment End Date | ||||
| Invesco Value Municipal Income Trust |
Voluntary | 0.46% | October 15, 2012 | December 31, 2014 | ||||
| Invesco Value Municipal Income Trust |
Voluntary | 0.70% | January 1, 2015 | N/A |
21
