AMENDMENT NO. 1 TO THE THIRD AMENDED AND RESTATED MASTER ADMINISTRATIVE SERVICES AGREEMENT

AMENDMENT NO. 1

TO THE

THIRD AMENDED AND RESTATED

MASTER ADMINISTRATIVE SERVICES AGREEMENT

This Amendment dated as of August 5, 2020, amends the Third Amended and Restated Master Administrative Services Agreement (the “Agreement”), dated July 1, 2020, by and between Invesco Advisers, Inc., a Delaware corporation (the “Administrator”) and AIM Investment Funds (Invesco Investment Funds), a Delaware statutory trust (the “Trust”), as follows:

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;

Appendix A of the Agreement is hereby deleted in its entirety and replaced with the following:

“APPENDIX A

TO

THIRD AMENDED AND RESTATED

MASTER ADMINISTRATIVE SERVICES AGREEMENT

OF

AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)

Portfolios		Effective Date of Agreement		Advisory/Administrative Services Fee Limit
Invesco All Cap Market Neutral Fund		December 16, 2013		N/A
Invesco Balanced-Risk Allocation Fund		May 29, 2009		N/A
Invesco Balanced-Risk Commodity Strategy Fund		November 29, 2010		N/A
Invesco Developing Markets Fund		July 1, 2006		N/A
Invesco Emerging Markets Select Equity Fund		May 31, 2011		N/A
Invesco Endeavor Fund		July 1, 2006		N/A
Invesco Global Infrastructure Fund***		April 22, 2014		0.90% of the first $500M 0.85% of the next $500M 0.80% of the next $4B 0.75% of the excess over $5B of average daily net
				assets
Invesco Global Targeted Returns Fund		December 16, 2013		N/A
Invesco Greater China Fund		July 1, 2006		N/A
Invesco Health Care Fund		July 1, 2006		N/A
Invesco Macro Allocation Strategy Fund		September 25, 2012		N/A

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Invesco Multi-Asset Income Fund***		December 14, 2011		0.60% of the first $500M 0.55% of the next $500M 0.50% of the next $4B 0.45% of the excess over $5B of average daily net assets
Invesco Xxxxxxxxxxx Developing Markets Fund		May 24, 2019		N/A
Invesco Xxxxxxxxxxx Discovery Mid Cap Growth Fund		May 24, 2019		N/A
Invesco Xxxxxxxxxxx Emerging Markets Innovators Fund		May 24, 2019		N/A
Invesco Xxxxxxxxxxx Emerging Markets Local Debt Fund		May 24, 2019		N/A
Invesco Xxxxxxxxxxx Fundamental Alternatives Fund		May 24, 2019		N/A
Invesco Xxxxxxxxxxx Global Allocation Fund		May 24, 2019		N/A
Invesco Xxxxxxxxxxx Global Strategic Income Fund		May 24, 2019		N/A
Invesco Xxxxxxxxxxx International Bond Fund		May 24, 2019		N/A
Invesco Xxxxxxxxxxx SteelPath MLP Alpha Fund#		May 24, 2019		N/A
Invesco Xxxxxxxxxxx SteelPath MLP Alpha Plus Fund #		May 24, 2019		N/A
Invesco Xxxxxxxxxxx SteelPath MLP Income Fund#		May 24, 2019		N/A
Invesco Xxxxxxxxxxx SteelPath MLP Select 40 Fund#		May 24, 2019		N/A
Invesco Xxxxxxxxxxx Total Return Bond Fund		May 24, 2019		N/A
Invesco Pacific Growth Fund		February 12, 2010		N/A
Invesco Select Companies Fund		July 1, 2006		N/A
Invesco U.S. Managed Volatility Fund		December 18, 2017		N/A
Invesco World Bond Factor Fund		July 1, 2006		N/A

2

The Administrator may receive from each Portfolio reimbursement for costs or reasonable compensation for such services as follows:

Rate*		Invesco Fund Complex Net Assets**
0.0175%		First $100 billion
0.0150%		Next $100 billion
0.0135%		Next $100 billion
0.0125%		Next $100 billion
0.010%		Over $400 billion

* The fee will be paid monthly at 1/12 of the annualized effective fee rate based on the average assets under management of the Invesco Fund Complex Net Assets of the prior month.

** Invesco Fund Complex Net Assets means the aggregate monthly net assets of each mutual fund and closed-end fund in the Invesco Fund complex overseen by the Invesco Funds Board.

*** The administrative services fee paid under this Agreement may not be increased so that the combined advisory fee paid under the Advisory Agreement plus the administrative services fee paid under this Agreement exceeds the “Advisory/Administrative Services Fee Limit” in the table above unless such increase is approved by a majority of the Fund’s outstanding voting securities or the Fund concurrently enters into a contractual arrangement with the Administrator to waive the increased amount, provided that such contractual arrangement can only be eliminated by approval of a majority of the Fund’s outstanding voting securities.

# The SteelPath Funds pay UMB Fund Services for certain administration services directly. As such, Invesco may only receive fees for Administrative Services under this agreement to the extent that those fees assessed under the Uniform Methodology are in excess of the fees paid to UMB Fund Services.

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

INVESCO ADVISERS, INC.
By:		/s/ Xxxxxxx X. Xxxxx
		Xxxxxxx X. Xxxxx
		Senior Vice President & Secretary
AIM INVESTMENT FUNDS
(INVESCO INVESTMENT FUNDS)
By:		/s/ Xxxxxxx X. Xxxxx
		Xxxxxxx X. Xxxxx
		Secretary, Senior Vice President and
		Chief Legal Officer

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