MEMORANDUM OF AGREEMENT
This Memorandum of Agreement is entered into as of this [25th] day of July,
2005, between AIM Equity Funds, AIM Funds Group, AIM Growth Series, AIM
International Mutual Funds, AIM Investment Funds, AIM Investment Securities
Funds, AIM Sector Funds and AIM Stock Funds, (each a "Trust" and collectively,
the "Trusts"), on behalf of the funds listed on Exhibit "A" to this Memorandum
of Agreement (the "Funds"), and AIM Investment Services, Inc. ("AIS"). This
Memorandum of Agreement restates the Memorandum of Agreement dated as of July 1,
2003, as restated November 25, 2003, as restated August 1, 2004, as restated
November 1, 2004, as restated January 1, 2005, as restated April 1, 2005 and as
restated April 29, 2005 between AIM Equity Funds, AIM Funds Group, AIM Growth
Series, AIM International Funds, Inc. (now known as AIM International Mutual
Funds), AIM Investment Securities Funds and A I M Fund Services, Inc. (now known
as AIM Investment Services, Inc.). AIS 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 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 AIS as follows:
Each Trust and AIS agree until the date set forth on the attached Exhibit
"A" (the "Expiration Date") that AIS will limit transfer agency expenses of each
Fund's Institutional Class at the rates, on an annualized basis, set forth on
Exhibit "A". The Boards of Trustees and AIS may terminate or modify this
Memorandum of Agreement prior to the Expiration Date only by mutual written
consent. AIS will not have any right to reimbursement of any amount so waived.
The Trusts and AIS agree to review the then-current waivers or expense
limitations for each class of each Fund listed on Exhibit "A" on a date prior to
the Expiration Date listed on that Exhibit to determine whether such waivers or
limitations should be amended, continued or terminated. The waivers or expense
limitations will expire upon the Expiration Date unless the Trust and AIS have
agreed to continue them. Exhibit "A" will be amended to reflect any such
agreement.
It is expressly agreed that the obligations of the Trust hereunder shall
not be binding upon any of the Trustees, shareholders, nominees, officers,
agents or employees of the Trust personally, but shall only bind the assets and
property of the Funds, as provided in the Trust's Agreement and Declaration of
Trust. The execution and delivery of this Memorandum of Agreement have been
authorized by the Trustees of the Trust, and this Memorandum of Agreement has
been executed and delivered by an authorized officer of the 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 the Trust's
Agreement and Declaration of Trust.
1
IN WITNESS WHEREOF, each Trust, on behalf of itself and its Funds listed in
Exhibit "A" to this Memorandum of Agreement, and AIS have entered into this
Memorandum of Agreement as of the date written above.
AIM EQUITY FUNDS
AIM FUNDS GROUP
AIM GROWTH SERIES
AIM INTERNATIONAL MUTUAL FUNDS
AIM INVESTMENT FUNDS
AIM INVESTMENT SECURITIES FUNDS
AIM SECTOR FUNDS
AIM STOCK FUNDS
on behalf of the Funds listed in Exhibit
"A" to this Memorandum of Agreement
By:
------------------------------------
Title: President
AIM INVESTMENT SERVICES, INC.
By:
------------------------------------
Title: President
2
EXHIBIT "A"
FUNDS WITH FISCAL YEAR END OF MARCH 31
AIM SECTOR FUNDS
FUND EXPENSE LIMITATION EXPIRATION DATE
---- ------------------ -----------------
AIM Technology Fund 0.10% March 31, 2006
FUNDS WITH FISCAL YEAR END OF JULY 31
AIM INVESTMENT SECURITIES FUNDS
FUND EXPENSE LIMITATION EXPIRATION DATE
---- ------------------ -----------------
AIM Limited Maturity Treasury Fund
Institutional Class 0.10% July 31, 2005
AIM Global Real Estate Fund
Institutional Class 0.10% July 31, 2006
AIM Intermediate Government Fund
Institutional Class 0.10% July 31, 2006
AIM STOCK FUNDS
FUND EXPENSE LIMITATION EXPIRATION DATE
---- ------------------ -----------------
AIM Small Company Growth Fund
Institutional Class 0.10% July 31, 2006
FUNDS WITH FISCAL YEAR END OF OCTOBER 31
AIM EQUITY FUNDS
FUND EXPENSE LIMITATION EXPIRATION DATE
---- ------------------ -----------------
AIM Aggressive Growth Fund
Institutional Class 0.10% October 31, 2005
AIM Blue Chip Fund
Institutional Class 0.10% October 31, 2005
AIM Capital Development Fund
Institutional Class 0.10% October 31, 2005
AIM Charter Fund
Institutional Class 0.10% October 31, 2005
AIM Constellation Fund
Institutional Class 0.10% October 31, 2005
AIM Large Cap Basic Value fund
Institutional Class 0.10% October 31, 2005
AIM Large Cap Growth Fund
Institutional Class 0.10% October 31, 2005
AIM Mid Cap Growth Fund
3
Institutional Class 0.10% October 31, 2005
AIM Xxxxxxxxxx Fund
Institutional Class 0.10% October 31, 2005
AIM INTERNATIONAL MUTUAL FUNDS
FUND EXPENSE LIMITATION EXPIRATION DATE
---- ------------------ -----------------
AIM International Growth Fund
Institutional Class 0.10% October 31, 2005
INVESCO International Core Equity Fund
Institutional Class 0.10% October 31, 2005
AIM INVESTMENT FUNDS
FUND EXPENSE LIMITATION EXPIRATION DATE
---- ------------------ -----------------
AIM Trimark Endeavor Fund
Institutional Class 0.10% October 31, 2005
AIM Trimark Fund
Institutional Class 0.10% October 31, 2005
AIM Trimark Small Companies Fund
Institutional Class 0.10% October 31, 2005
FUNDS WITH FISCAL YEAR END OF DECEMBER 31
AIM FUNDS GROUP
FUND EXPENSE LIMITATION EXPIRATION DATE
---- ------------------ -----------------
AIM Balanced Fund
Institutional Class 0.10% December 31, 2005
AIM Basic Balanced Fund
Institutional Class 0.10% December 31, 2005
AIM Mid Cap Basic Value Fund
Institutional Class 0.10% December 31, 2005
AIM Premier Equity Fund
Institutional Class 0.10% December 31, 2005
AIM Small Cap Equity Fund
Institutional Class 0.10% December 31, 2006
AIM GROWTH SERIES
FUND EXPENSE LIMITATION EXPIRATION DATE
---- ------------------ -----------------
AIM Aggressive Allocation Fund
Institutional Class 0.10% December 31, 2005
AIM Basic Value Fund
Institutional Class 0.10% December 31, 2005
AIM Conservative Allocation Fund
Institutional Class 0.10% December 31, 2005
AIM Global Equity Fund
Institutional Class 0.10% December 31, 2005
4
AIM Mid Cap Core Equity Fund
Institutional Class 0.10% December 31, 2005
AIM Moderate Allocation Fund
Institutional Class 0.10% December 31, 2005
AIM Small Cap Growth Fund
Institutional Class 0.10% December 31, 2005
[AIM Growth Allocation Fund]
Institutional Class 0.10% December 31, 2006
AIM Moderately Conservative Allocation
Fund Institutional Class 0.10% December 31, 2006
5
