MEMORANDUM OF AGREEMENT (12b-1 Fee Waivers/Limits)
MEMORANDUM OF AGREEMENT
(12b-1 Fee Waivers/Limits)
(12b-1 Fee Waivers/Limits)
This Memorandum of Agreement is entered into as of the effective date listed on
Exhibit “A” of this agreement, between AIM Investment Funds (Invesco Investment Funds),
AIM Investment Securities Funds (Invesco Investment Securities Funds), AIM Variable
Insurance Funds (Invesco Variable Insurance Funds) and Short-Term Investments Trust
(each a “Trust” and, collectively, the “Trusts”), on behalf of the funds or portfolios,
as applicable, listed on Exhibit “A” to this Memorandum of Agreement (the “Funds”), and
Invesco Distributors, Inc. (“Distributors”). Distributors shall and hereby agrees to
waive or limit fees of each Fund, on behalf of its respective classes as applicable,
severally and not jointly, as indicated in the attached Exhibit “A”.
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 Distributors agree as follows:
For the Contractual Waivers/Limits (listed in the attached Exhibit), the Trusts
and Distributors agree until at least the date set forth on the attached Exhibit “A”
(the “Expiration Date”) that Distributors will waive or limit Rule 12b-1 distribution
plan fees as set forth on Exhibit “A”. Each Trust’s Board of Trustees and Distributors
may terminate or modify this Memorandum of Agreement prior to the Expiration Date only
by mutual written consent. Distributors will not have any right to reimbursement of
any amount so waived or limited.
For the Contractual Waivers/Limits, the Trusts and Distributors agree to review
the then-current waivers/limits for each class of each Fund listed on Exhibit “A” on a
date prior to the Expiration Date to determine whether such waivers/limits should be
amended, continued or terminated. The waivers/limits will expire upon the Expiration
Date unless the Trusts and Distributors have agreed to continue them. Exhibit “A” will
be amended to reflect any such agreement.
It is expressly agreed that the obligations of the Trusts 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 the Funds, 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 each
Trust, and this Memorandum of Agreement has been executed and delivered by an
authorized officer of each Trust 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, the Trusts and Distributors have entered into this Memorandum
of Agreement as of the date first above written.
| AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST) AIM FUNDS GROUP (INVESCO FUNDS GROUP) AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS) AIM SECTOR FUNDS (INVESCO SECTOR FUNDS) AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS) SHORT-TERM INVESTMENTS TRUST on behalf of the Funds listed in Exhibit “A” to this Memorandum of Agreement |
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| By: | /s/ Xxxx X. Xxxx | |||||
| Title: | Senior Vice President | |||||
| INVESCO DISTRIBUTORS, INC. | ||||||
| By: | /s/ Xxxx X. Xxxx | |||||
| Title: | Senior Vice President | |||||
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EXHIBIT “A”
AIM Counselor Series Trust (Invesco Counselor Series Trust)
| CONTRACTUAL/ | EFFECTIVE | EXPIRATION | ||||||||||||||
| FUND | VOLUNTARY | LIMIT/WAIVER | DATE | DATE | ||||||||||||
Invesco Xxx
Xxxxxx American
Franchise Fund |
||||||||||||||||
Class B Shares |
Contractual | 0.42% limit | May 23, 2011 | June 30, 2013 | ||||||||||||
Invesco Xxx Xxxxxx
Equity and Income
Fund |
||||||||||||||||
Class B Shares |
Contractual | 0.38% limit | May 23, 2011 | June 30, 2012 | ||||||||||||
AIM Funds Group (Invesco Funds Group)
| CONTRACTUAL/ | EFFECTIVE | EXPIRATION | ||||||||||||||
| FUND | VOLUNTARY | LIMIT/WAIVER | DATE | DATE | ||||||||||||
Invesco Global
Core Equity Fund Class B Shares |
Contractual | 0.52% limit | May 23, 2011 | June 30, 2013 | ||||||||||||
AIM Investment Securities Funds (Invesco Investment Securities Funds)
| CONTRACTUAL/ | EFFECTIVE | EXPIRATION | ||||||||||||||
| FUND | VOLUNTARY | LIMIT/WAIVER | DATE | DATE | ||||||||||||
Invesco Short
Term Bond Fund |
||||||||||||||||
Class C Shares |
Contractual | 0.50% limit | February 1, 2006 | June 30, 2013 | ||||||||||||
Invesco Xxx Xxxxxx
Corporate Bond Fund |
||||||||||||||||
Class B Shares |
Contractual | 0.59% limit | June 6, 2011 | June 30, 2012 | ||||||||||||
Class C Shares |
Contractual | 0.95% limit | June 6, 2011 | June 30, 2012 | ||||||||||||
| CONTRACTUAL/ | EFFECTIVE | EXPIRATION | ||||||||||||||
| FUND | VOLUNTARY | LIMIT/WAIVER | DATE | DATE | ||||||||||||
Invesco Xxx
Xxxxxx American
Value Fund |
||||||||||||||||
Class B Shares |
Contractual | 0.49% limit | May 23, 2011 | June 30, 2012 | ||||||||||||
Invesco Xxx Xxxxxx
Small Cap Value
Fund |
||||||||||||||||
Class B Shares |
Contractual | 0.62% limit | May 23, 2011 | June 30, 2012 | ||||||||||||
AIM Variable Insurance Funds (Invesco Variable Insurance Funds)
| CONTRACTUAL/ | EFFECTIVE | EXPIRATION | ||||||||||||||
| FUND | VOLUNTARY | LIMIT/WAIVER | DATE | DATE | ||||||||||||
Invesco Xxx
Xxxxxx V.I. Equity
and Income Fund |
||||||||||||||||
Series II |
Contractual | 0.20% waiver | February 12, 2010 | June 30, 2012 | ||||||||||||
Invesco Xxx Xxxxxx
V.I. Mid Cap Value
Fund |
||||||||||||||||
Series II |
Contractual | 0.15% waiver | February 12, 2010 | June 30, 2012 | ||||||||||||
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Short-Term Investments Trust
| CONTRACTUAL | EFFECTIVE | EXPIRATION | ||||||||
| FUND | / VOLUNTARY | LIMIT/WAIVER | DATE | DATE | ||||||
Government & Agency Portfolio |
||||||||||
Cash Management Class |
Contractual | 0.02% waiver | June 30, 2005 | December 31, 2011 | ||||||
Personal Investment Class |
Contractual | 0.20% waiver | June 30, 2005 | December 31, 2011 | ||||||
Private Investment Class |
Contractual | 0.20% waiver | June 30, 2005 | December 31, 2011 | ||||||
Reserve Class |
Contractual | 0.13% waiver | June 30, 2005 | December 31, 2011 | ||||||
Resource Class |
Contractual | 0.04% waiver | June 30, 2005 | December 31, 2011 | ||||||
Government TaxAdvantage Portfolio |
||||||||||
Cash Management Class |
Contractual | 0.02% waiver | June 30, 2005 | December 31, 2011 | ||||||
Personal Investment Class |
Contractual | 0.20% waiver | June 30, 2005 | December 31, 2011 | ||||||
Private Investment Class |
Contractual | 0.25% waiver | June 30, 2005 | December 31, 2011 | ||||||
Reserve Class |
Contractual | 0.13% waiver | June 30, 2005 | December 31, 2011 | ||||||
Resource Class |
Contractual | 0.04% waiver | June 30, 2005 | December 31, 2011 | ||||||
Liquid Assets Portfolio |
||||||||||
Cash Management Class |
Contractual | 0.02% waiver | June 30, 2005 | December 31, 2011 | ||||||
Personal Investment Class |
Contractual | 0.20% waiver | June 30, 2005 | December 31, 2011 | ||||||
Private Investment Class |
Contractual | 0.20% waiver | June 30, 2005 | December 31, 2011 | ||||||
Reserve Class |
Contractual | 0.13% waiver | June 30, 2005 | December 31, 2011 | ||||||
STIC Prime Portfolio |
||||||||||
Cash Management Class |
Contractual | 0.02% waiver | June 30, 2005 | December 31, 2011 | ||||||
Personal Investment Class |
Contractual | 0.20% waiver | June 30, 2005 | December 31, 2011 | ||||||
Private Investment Class |
Contractual | 0.20% waiver | June 30, 2005 | December 31, 2011 | ||||||
Reserve Class |
Contractual | 0.13% waiver | June 30, 2005 | December 31, 2011 | ||||||
Resource Class |
Contractual | 0.04% waiver | June 30, 2005 | December 31, 2011 | ||||||
Tax-Free Cash Reserve Portfolio |
||||||||||
Cash Management Class |
Contractual | 0.02% waiver | April 30, 20081 | December 31, 2011 | ||||||
Personal Investment Class |
Contractual | 0.20% waiver | April 30, 20081 | December 31, 2011 | ||||||
Private Investment Class |
Contractual | 0.25% waiver | April 30, 20081 | December 31, 2011 | ||||||
Reserve Class |
Contractual | 0.13% waiver | April 30, 20081 | December 31, 2011 | ||||||
Resource Class |
Contractual | 0.04% waiver | April 30, 20081 | December 31, 2011 | ||||||
Treasury Portfolio |
||||||||||
Cash Management Class |
Contractual | 0.02% waiver | June 30, 2005 | December 31, 2011 | ||||||
Personal Investment Class |
Contractual | 0.20% waiver | June 30, 2005 | December 31, 2011 | ||||||
Private Investment Class |
Contractual | 0.20% waiver | June 30, 2005 | December 31, 2011 | ||||||
Reserve Class |
Contractual | 0.13% waiver | June 30, 2005 | December 31, 2011 | ||||||
Resource Class |
Contractual | 0.04% waiver | June 30, 2005 | December 31, 2011 | ||||||
| 1 | Effective April 30, 2008, Tax-Free Cash Reserve Portfolio was reorganized as a portfolio of Tax-Free Investments Trust (“TFIT”) to Short-Term Investments Trust following shareholder approval at a meeting held on February 29, 2008. As a portfolio of TFIT, this limitation has been in effect since June 30, 2005. |
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