MASTER RELATED AGREEMENT TO APPLICABLE DISTRIBUTION PLANS (CLASS A SHARES AND CLASS A5 SHARES)
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MASTER RELATED AGREEMENT TO APPLICABLE DISTRIBUTION PLANS (CLASS A SHARES AND CLASS A5 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 and Class A5 Shares of each such Portfolio listed on Schedule A.
This Agreement, being made between Invesco Distributors, Inc., formerly Invesco Aim 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 applicable Distribution Plans (Class A Shares and Class A5 Shares) (the “Plans”) adopted by
each of the Funds. The Plans have 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 Plans or this Agreement (the “Dis-Interested
Trustees”), by votes cast in person at a meeting called for the purpose of voting on the Plans.
| 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 Plans.
| 1 | 04/30/2010 |
c. Distributors may provide the services described in paragraphs a. and b. above either
directly or through third parties (its “designees”).
| 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 Plans 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 Plans and this Agreement. | |
| 8. | This Agreement shall continue in full force and effect as long as the continuance of the Plans 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(s), 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 | 04/30/2010 |
| INVESCO DISTRIBUTORS, INC. | ||||||
| By: | /s/ Xxxx X. Xxxxxx | |||||
| Name: | ||||||
| Title: | President | |||||
| 00 Xxxxxxxx Xxxxx, Xxxxx 000 Xxxxxxx, Xxxxx 00000-0000 Attn: President |
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Effective April 30, 2010 |
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| FUND (listed in Schedule A) on behalf of the Class A Shares and Class A5 Shares of each Portfolio listed on Schedule A |
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| By: | /s/ Xxxx X. Xxxx | |||||
| Name: | ||||||
| Title: | Senior Vice President | |||||
| 3 | 04/30/2010 |
SCHEDULE “A” TO
RELATED AGREEMENT
RELATED AGREEMENT
| Maximum Aggregate | ||||||
| Fund | Fee Rate* | Plan Calculation Date | ||||
AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST) |
||||||
Invesco California Tax-Free Income Fund A Shares |
0.25 | February 12, 2010 | ||||
Invesco Core Plus Bond Fund A Shares |
0.25 | June 2, 2009 | ||||
Invesco Equally-Weighted S&P 500 Fund A Shares |
0.25 | February 12, 2010 | ||||
Invesco Floating Rate Fund A Shares |
0.25 | April 14, 2006 | ||||
Invesco Global Real Estate Income Fund A Shares |
0.25 | March 12, 2007 | ||||
Invesco S&P 500 Index Fund A Shares |
0.25 | February 12, 2010 | ||||
Invesco Structured Core Fund A Shares |
0.25 | March 31, 2006 | ||||
Invesco Xxx Xxxxxx American Franchise Fund A Shares |
0.25 | February 12, 2010 | ||||
Invesco Xxx Xxxxxx Equity and Income Fund A Shares |
0.25 | February 12, 2010 | ||||
Invesco Xxx Xxxxxx Growth and Income Fund A Shares |
0.25 | February 12, 0000 | ||||
Xxxxxxx Xxx Xxxxxx Xxxxxxxxxxxx Tax Free Income
Fund A Shares |
0.25 | February 12, 2010 | ||||
Invesco Xxx Xxxxxx Small Cap Growth Fund A Shares |
0.25 | February 12, 2010 | ||||
AIM EQUITY FUNDS (INVESCO EQUITY FUNDS) |
||||||
Invesco Capital Development Fund A Shares |
0.25 | June 17, 1996 | ||||
Invesco Charter Fund A Shares |
0.25 | November 18, 1986 | ||||
Invesco Constellation Fund A Shares |
0.25 | September 9, 1986 | ||||
Invesco Diversified Dividend Fund A Shares |
0.25 | December 31, 0000 | ||||
Xxxxxxx Xxxxxx Fund A Shares |
0.25 | October 31, 2005 | ||||
AIM FUNDS GROUP (INVESCO FUNDS GROUP) |
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Invesco European Small Company Fund A Shares |
0.25 | August 31, 2000 | ||||
Invesco Global Core Equity Fund A Shares |
0.25 | December 29, 2000 | ||||
Invesco International Small Company Fund A
Shares1 |
0.25 | August 31, 2000 | ||||
Invesco Small Cap Equity Fund A Shares |
0.25 | August 31, 2000 | ||||
AIM GROWTH SERIES (INVESCO GROWTH SERIES) |
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Invesco Balanced-Risk Retirement Now Fund A Shares |
0.25 | January 31, 2007 | ||||
Invesco Balanced-Risk Retirement Now Fund A5 Shares |
0.25 | February 12, 2010 | ||||
Invesco Balanced-Risk Retirement 2020 Fund A Shares |
0.25 | January 31, 2007 | ||||
Invesco Balanced-Risk Retirement 2020 Fund A5 Shares |
0.25 | February 12, 2010 | ||||
Invesco Balanced-Risk Retirement 2030 Fund A Shares |
0.25 | January 31, 2007 | ||||
Invesco Balanced-Risk Retirement 2030 Fund A5 Shares |
0.25 | February 12, 2010 | ||||
Invesco Balanced-Risk Retirement 2040 Fund A Shares |
0.25 | January 31, 2007 | ||||
Invesco Balanced-Risk Retirement 2040 Fund A5 Shares |
0.25 | February 12, 2010 | ||||
Invesco Balanced-Risk Retirement 2050 Fund A Shares |
0.25 | January 31, 2007 | ||||
Invesco Balanced-Risk Retirement 2050 Fund A5 Shares |
0.25 | February 12, 2010 | ||||
Invesco Convertible Securities Fund A Shares |
0.25 | February 12, 2010 | ||||
Invesco Global Equity Fund A Shares |
0.25 | May 29, 1998 | ||||
| 4 | 12/19/11 |
| Maximum Aggregate | ||||||
| Fund | Fee Rate* | Plan Calculation Date | ||||
Invesco Growth Allocation Fund A Shares |
0.25 | April 30, 2004 | ||||
Invesco Income Allocation Fund A Shares |
0.25 | October 31, 2005 | ||||
Invesco International Allocation Fund A Shares |
0.25 | October 31, 2005 | ||||
Invesco Mid Cap Core Equity Fund A Shares |
0.25 | May 29, 1998 | ||||
Invesco Moderate Allocation Fund A Shares |
0.25 | April 30, 2004 | ||||
Invesco Conservative Allocation Fund A Shares |
0.25 | April 29, 2005 | ||||
Invesco Small Cap Growth Fund A Shares1 |
0.25 | May 29, 1998 | ||||
Invesco Xxx Xxxxxx Leaders Fund A Shares |
0.25 | February 12, 2010 | ||||
Invesco Xxx Xxxxxx U.S. Mortgage Fund A Shares |
0.25 | February 12, 2010 | ||||
AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS) |
||||||
Invesco Asia Pacific Growth Fund A Shares |
0.25 | November 1, 1997 | ||||
Invesco European Growth Fund A Shares |
0.25 | November 1, 1997 | ||||
Invesco Global Growth Fund A Shares |
0.25 | September 15, 1994 | ||||
Invesco Global Small & Mid Cap Growth Fund A Shares |
0.25 | September 15, 1994 | ||||
Invesco International Core Equity Fund A Shares |
0.25 | March 29, 2002 | ||||
Invesco International Growth Fund A Shares |
0.25 | May 21, 1992 | ||||
AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS) |
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Invesco Balanced-Risk Allocation Fund A Shares |
0.25 | May 29, 2009 | ||||
Invesco Balanced-Risk Commodity Strategy Fund A Shares |
0.25 | November 30, 2010 | ||||
Invesco China Fund A Shares |
0.25 | March 31, 2006 | ||||
Invesco Commodities Strategy Fund A Shares |
0.25 | February 12, 2010 | ||||
Invesco Developing Markets Fund A Shares |
0.25 | May 29, 1998 | ||||
Invesco Emerging Market Local Currency Debt Fund A
Shares |
0.25 | June 14, 2010 | ||||
Invesco Emerging Markets Equity Fund A Shares |
0.25 | May 31, 2011 | ||||
Invesco Endeavor Fund A Shares |
0.25 | November 4, 2003 | ||||
Invesco Global Health Care Fund A Shares |
0.25 | May 29, 1998 | ||||
Invesco International Total Return Fund A Shares |
0.25 | March 31, 2006 | ||||
Invesco Pacific Growth Fund A Shares |
0.25 | February 12, 2010 | ||||
Invesco Premium Income Fund A Shares |
0.25 | December 14, 2011 | ||||
Invesco Small Companies Fund A Shares |
0.25 | November 4, 2003 | ||||
AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS) |
||||||
Invesco Dynamics Fund A Shares |
0.25 | March 29, 2002 | ||||
Invesco Global Real Estate Fund A Shares |
0.25 | April 29, 2005 | ||||
Invesco High Yield Fund A Shares |
0.25 | July 1, 1992 | ||||
Invesco High Yield Securities Fund A Shares |
0.25 | February 12, 2010 | ||||
Invesco Limited Maturity Treasury Fund A2
Shares2 |
0.15 | December 2, 1987 | ||||
Invesco Money Market Fund A5 Shares |
0.25 | February 12, 2010 | ||||
Invesco Municipal Bond Fund A Shares |
0.25 | July 1, 1992 | ||||
Invesco Real Estate Fund A Shares1 |
0.25 | August 4, 1997 | ||||
Invesco Short Term Bond Fund A Shares |
0.15 | April 30, 0000 | ||||
Xxxxxxx X.X. Government Fund A Shares |
0.25 | July 1, 1992 | ||||
Invesco Xxx Xxxxxx Corporate Bond Fund A Shares |
0.25 | February 12, 2010 | ||||
| 5 | 12/19/11 |
| Maximum Aggregate | ||||||
| Fund | Fee Rate* | Plan Calculation Date | ||||
AIM SECTOR FUNDS (INVESCO SECTOR FUNDS) |
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Invesco Energy Fund A Shares |
0.25 | March 29, 2002 | ||||
Invesco Gold & Precious Metals Fund A Shares |
0.25 | March 29, 2002 | ||||
Invesco Leisure Fund A Shares |
0.25 | March 29, 2002 | ||||
Invesco Technology Fund A Shares |
0.25 | March 29, 2002 | ||||
Invesco Technology Sector Fund A Shares |
0.25 | February 12, 0000 | ||||
Xxxxxxx X.X. Mid Cap Value Fund A Shares |
0.25 | February 12, 2010 | ||||
Invesco Utilities Fund A Shares |
0.25 | March 29, 2002 | ||||
Invesco Xxx Xxxxxx American Value Fund A Shares |
0.25 | February 12, 2010 | ||||
Invesco Xxx Xxxxxx Xxxxxxxx Fund A Shares |
0.25 | February 12, 2010 | ||||
Invesco Xxx Xxxxxx Mid Cap Growth Fund A Shares |
0.25 | February 12, 2010 | ||||
Invesco Xxx Xxxxxx Small Cap Value Fund A Shares |
0.25 | February 12, 2010 | ||||
Invesco Xxx Xxxxxx Value Opportunities Fund A Shares |
0.25 | February 12, 2010 | ||||
AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS) |
||||||
Invesco High Income Municipal Fund A Shares |
0.25 | December 22, 1997 | ||||
Invesco Tax-Exempt Cash Fund A Shares3 |
0.10 | July 1, 1992 | ||||
Invesco Xxx Xxxxxx High Yield Municipal Fund A Shares |
0.25 | February 12, 2010 | ||||
Invesco Xxx Xxxxxx Intermediate Term Municipal Income
Fund A Shares |
0.25 | February 12, 2010 | ||||
Invesco Xxx Xxxxxx Municipal Income Fund A Shares |
0.25 | February 12, 0000 | ||||
Xxxxxxx Xxx Xxxxxx Xxx Xxxx Tax Free Income
Fund A Shares |
0.25 | February 12, 2010 | ||||
| * | 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. | |
| 1 | The fund is closed to new investors. | |
| 2 | With respect to AIM Limited Maturity Treasury Fund, Class A Shares are renamed Class A2 Shares effective February 1, 2010. | |
| 3 | Effective July 1, 2009, this fee rate was reduced from 0.25% to 0.10%. | |
| 6 | 12/19/11 |
