AMENDMENT NO. 14 TO MASTER INVESTMENT ADVISORY AGREEMENT
AMENDMENT NO. 14
TO
MASTER INVESTMENT ADVISORY AGREEMENT
This Amendment dated as of April 17, 2020, amends the Master Investment Advisory Agreement (the “Agreement”), dated November 25, 2003, between AIM International Mutual Funds (Invesco International Mutual Funds), a Delaware statutory trust, and Invesco Advisers, Inc., a Delaware corporation.
W I T N E S S E T H:
WHEREAS, the parties agree to amend the Agreement to remove Invesco Global Small & Mid Cap Growth Fund;
NOW, THEREFORE, the parties agree that;
| 1. | Appendix A and Appendix B to the Agreement are hereby deleted in their entirety and replaced with the following: |
“Appendix A
FUNDS AND EFFECTIVE DATES
| Name of Fund |
Effective Date of Advisory Agreement | |
| Invesco Asia Pacific Growth Fund | November 25, 2003 | |
| Invesco European Growth Fund | November 25, 2003 | |
| Invesco Global Growth Fund | November 25, 2003 | |
| Invesco Global Opportunities Fund | July 30, 2012 | |
| Invesco Global Responsibility Equity Fund | June 30, 2016 | |
| Invesco International Select Equity Fund | December 21, 2015 | |
| Invesco International Core Equity Fund | November 25, 2003 | |
| Invesco International Growth Fund | November 25, 2003 | |
| Invesco Oppenheimer Global Focus Fund | May 24, 2019 | |
| Invesco Oppenheimer Global Fund | May 24, 2019 | |
| Invesco Oppenheimer Global Opportunities Fund | May 24, 2019 | |
| Invesco Xxxxxxxxxxx International Equity Fund | May 24, 2019 | |
| Invesco Xxxxxxxxxxx International Growth Fund | May 24, 2019 | |
| Invesco Advantage International Fund | May 24, 2019 | |
| Invesco Xxxxxxxxxxx International Small-Mid Company Fund | May 24, 2019 | |
| Invesco Select Opportunities Fund | July 30, 0000 | |
Xxxxxxxx X
COMPENSATION TO THE ADVISOR
The Trust shall pay the Advisor, out of the assets of a Fund, as full compensation for all services rendered, an advisory fee for such Fund set forth below. Such fee shall be calculated by applying the following annual rates to the average daily net assets of such Fund for the calendar year computed in the manner used for the determination of the net asset value of shares of such Fund.
Invesco Asia Pacific Growth Fund
Invesco European Growth Fund
Invesco International Select Equity Fund
Invesco International Growth Fund
| Net Assets |
Annual Rate | |||
| First $250 million |
0.935 | % | ||
| Next $250 million |
0.91 | % | ||
| Next $500 million |
0.885 | % | ||
| Next $1.5 billion |
0.86 | % | ||
| Next $2.5 billion |
0.835 | % | ||
| Next $2.5 billion |
0.81 | % | ||
| Next $2.5 billion |
0.785 | % | ||
| Over $10 billion |
0.76 | % | ||
Invesco Global Growth Fund
Invesco Global Opportunities Fund
Invesco Select Opportunities Fund
| Net Assets |
Annual Rate | |||
| First $250 million |
0.80 | % | ||
| Next $250 million |
0.78 | % | ||
| Next $500 million |
0.76 | % | ||
| Next $1.5 billion |
0.74 | % | ||
| Next $2.5 billion |
0.72 | % | ||
| Next $2.5 billion |
0.70 | % | ||
| Next $2.5 billion |
0.68 | % | ||
| Over $10 billion |
0.66 | % | ||
Invesco International Core Equity Fund
| Net Assets |
Annual Rate | |||
| First $500 million |
0.75 | % | ||
| Next $500 million |
0.65 | % | ||
| From $1 billion |
0.55 | % | ||
| From $2 billion |
0.45 | % | ||
| From $4 billion |
0.40 | % | ||
| From $6 billion |
0.375 | % | ||
| From $8 billion |
0.35 | % | ||
2
Invesco Global Responsibility Equity Fund
| Net Assets |
Annual Rate |
|||
| First $25 million |
0.65 | % | ||
| Over $25 million |
0.60 | % | ||
Invesco Oppenheimer Global Focus Fund*
| Net Assets |
Annual Rate | |||
| First $500 million |
0.80 | % | ||
| Next $500 million |
0.75 | % | ||
| Over $1 billion |
0.72 | % | ||
Invesco Oppenheimer Global Fund*
| Net Assets |
Annual Rate | |||
| First $250 million |
0.80 | % | ||
| Next $250 million |
0.77 | % | ||
| Next $500 million |
0.75 | % | ||
| Next $1 billion |
0.69 | % | ||
| Next $1.5 billion |
0.67 | % | ||
| Next $2.5 billion |
0.65 | % | ||
| Next $2.5 billion |
0.63 | % | ||
| Next $2.5 billion |
0.60 | % | ||
| Next $4 billion |
0.58 | % | ||
| Next $8 billion |
0.56 | % | ||
| Over $23 billion |
0.54 | % | ||
Invesco Oppenheimer Global Opportunities Fund*
| Net Assets |
Annual Rate | |||
| First $250 million |
0.80 | % | ||
| Next $250 million |
0.77 | % | ||
| Next $500 million |
0.75 | % | ||
| Next $1 billion |
0.69 | % | ||
| Next $1.5 billion |
0.67 | % | ||
| Next $2.5 billion |
0.65 | % | ||
| Next $4 billion |
0.63 | % | ||
| Over $10 billion |
0.61 | % | ||
Invesco Xxxxxxxxxxx International Equity Fund*
| Net Assets |
Annual Rate | |||
| First $500 million |
0.85 | % | ||
| Next $500 million |
0.75 | % | ||
| Next $1 billion |
0.70 | % | ||
| Next $3 billion |
0.67 | % | ||
| Over $5 billion |
0.65 | % | ||
| * | The advisory fee payable by the Fund shall be reduced by any amounts paid by such Fund under the Administrative Services Agreement between such Fund and Invesco Advisers, Inc. |
3
Invesco Xxxxxxxxxxx International Growth Fund*
| Net Assets |
Annual Rate | |||
| First $250 million |
0.80 | % | ||
| Next $250 million |
0.77 | % | ||
| Next $500 million |
0.75 | % | ||
| Next $1 billion |
0.69 | % | ||
| Next $3 billion |
0.67 | % | ||
| Next $5 billion |
0.65 | % | ||
| Next $10 billion |
0.63 | % | ||
| Next $10 billion |
0.61 | % | ||
| Over $30 billion |
0.59 | % | ||
Invesco Advantage International Fund
| Net Assets |
Annual Rate** | |||
| First $500 million |
0.49 | % | ||
| Next $500 million |
0.47 | % | ||
| Next $4 billion |
0.44 | % | ||
| Over $5 billion |
0.42 | % | ||
Invesco Xxxxxxxxxxx International Small-Mid Company Fund*
| Net Assets |
Annual Rate | |||
| First $500 million |
1.00 | % | ||
| Next $500 million |
0.95 | % | ||
| Next $4 billion |
0.92 | % | ||
| Next $5 billion |
0.90 | % | ||
| Next $10 billion |
0.88 | % | ||
| Over $20 billion |
0.87 | %” | ||
| 2. | In all other respects, the Agreement is hereby confirmed and remains in full force and effect. |
| * | The advisory fee payable by the Fund shall be reduced by any amounts paid by such Fund under the Administrative Services Agreement between such Fund and Invesco Advisers, Inc. |
4
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective officers on the date first written above.
| AIM INTERNATIONAL MUTUAL FUNDS | ||||||||||
| (INVESCO INTERNATIONAL MUTUAL FUNDS) | ||||||||||
| Attest: | /s/ Xxxxxxxxx Xxxxxx |
By: | /s/ Xxxxxxx X. Xxxxx | |||||||
| Assistant Secretary | Xxxxxxx X. Xxxxx Chief Legal Officer, Senior Vice President & Secretary | |||||||||
| INVESCO ADVISERS, INC. | ||||||||||
| Attest: | /s/ Xxxxxxxxx Xxxxxx |
By: | /s/ Xxxxxxx X. Xxxxx | |||||||
| Assistant Secretary | Xxxxxxx X. Xxxxx | |||||||||
| Senior Vice President & Secretary | ||||||||||
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