AMENDMENT NO. 27 TO MASTER INVESTMENT ADVISORY AGREEMENT
AMENDMENT NO. 27
TO
MASTER INVESTMENT ADVISORY AGREEMENT
This amendment effective as of April 29, 2013, amends the Master Investment Advisory Agreement (the “Agreement”), dated May 1, 2000, between AIM Variable Insurance Funds (Invesco Variable Insurance 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 desire to amend the Agreement to remove Invesco V.I. High Yield Securities 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 V.I. Balanced-Risk Allocation Fund | January 7, 2011 | |
| Invesco V.I. Core Equity Fund | May 1, 2000 | |
| Invesco V.I. Diversified Income Fund | May 1, 2000 | |
| Invesco V.I. Global Health Care Fund | April 30, 2004 | |
| Invesco V.I. Global Real Estate Fund | April 30, 2004 | |
| Invesco V.I. Government Securities Fund | May 1, 2000 | |
| Invesco V.I. High Yield Fund | May 1, 2000 | |
| Invesco V.I. International Growth Fund | May 1, 2000 | |
| Invesco V.I. Mid Cap Core Equity Fund | September 10, 2001 | |
| Invesco V.I. Money Market Fund | May 1, 2000 | |
| Invesco V.I. Small Cap Equity Fund | September 1, 2003 | |
| Invesco V.I. Technology Fund | April 30, 2004 | |
| Invesco V.I. Utilities Fund | April 30, 2004 | |
| Invesco V.I. Diversified Dividend Fund | February 12, 2010 | |
| Invesco V.I. S&P 500 Index Fund | February 12, 2010 | |
| Invesco V.I. Equally-Weighted S&P 500 Fund | February 12, 2010 | |
| Invesco V.I. American Franchise Fund | February 12, 2010 | |
| Invesco V.I. American Value Fund | February 12, 2010 | |
| Invesco V.I. Xxxxxxxx Fund | February 12, 2010 | |
| Invesco V.I. Equity and Income Fund | February 12, 2010 | |
| Invesco V.I. Global Core Equity Fund | February 12, 2010 | |
| Invesco V.I. Growth and Income Fund | February 12, 2010 | |
| Invesco V.I. Mid Cap Growth Fund | February 12, 2010 | |
| Invesco V.I. Value Opportunities Fund | September 10, 0000 |
XXXXXXXX X
COMPENSATION TO THE ADVISOR
The Trust shall pay the Adviser, 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 V.I. Balanced-Risk Allocation Fund
| Net Assets |
Annual Rate* | |||
| First $250 million |
0.95 | % | ||
| Next $250 million |
0.925 | % | ||
| Next $500 million |
0.90 | % | ||
| Next $1.5 billion |
0.875 | % | ||
| Next $2.5 billion |
0.85 | % | ||
| Next $2.5 billion |
0.825 | % | ||
| Next $2.5 billion |
0.80 | % | ||
| Over $10 billion |
0.775 | % | ||
| * | To the extent Invesco V.I. Balanced-Risk Allocation Fund invests its assets in Invesco Cayman Commodity Fund IV Ltd., a direct wholly-owned subsidiary of Invesco V.I. Balanced-Risk Allocation Fund, the Adviser shall not collect the portion of the advisory fee that the Adviser would otherwise be entitled to collect from Invesco V.I. Balanced-Risk Allocation Fund, in an amount equal to 100% of the advisory fee that the Adviser receives from Invesco Cayman Commodity Fund IV Ltd. |
Invesco V.I. Value Opportunities Fund
| Net Assets |
Annual Rate | |||
| First $250 million |
0.695 | % | ||
| Next $250 million |
0.67 | % | ||
| Next $500 million |
0.645 | % | ||
| Next $1.5 billion |
0.62 | % | ||
| Next $2.5 billion |
0.595 | % | ||
| Next $2.5 billion |
0.57 | % | ||
| Next $2.5 billion |
0.545 | % | ||
| Over $10 billion |
0.52 | % | ||
Invesco V.I. Core Equity Fund
| Net Assets |
Annual Rate | |||
| First $250 million |
0.65 | % | ||
| Over $250 million |
0.60 | % | ||
Invesco V.I. Diversified Income Fund
| Net Assets |
Annual Rate | |||
| First $250 million |
0.60 | % | ||
| Over $250 million |
0.55 | % | ||
2
Invesco V.I. Small Cap Equity Fund
| Net Assets |
Annual Rate | |||
| First $250 million |
0.745 | % | ||
| Next $250 million |
0.73 | % | ||
| Next $500 million |
0.715 | % | ||
| Next $1.5 billion |
0.70 | % | ||
| Next $2.5 billion |
0.685 | % | ||
| Next $2.5 billion |
0.67 | % | ||
| Next $2.5 billion |
0.655 | % | ||
| Over $10 billion |
0.64 | % | ||
Invesco V.I. Global Health Care Fund
Invesco V.I. Global Real Estate Fund
Invesco V.I. Technology Fund
| Net Assets |
Annual Rate | |||
| First $250 million |
0.75 | % | ||
| Next $250 million |
0.74 | % | ||
| Next $500 million |
0.73 | % | ||
| Next $1.5 billion |
0.72 | % | ||
| Next $2.5 billion |
0.71 | % | ||
| Next $2.5 billion |
0.70 | % | ||
| Next $2.5 billion |
0.69 | % | ||
| Over $10 billion |
0.68 | % | ||
Invesco V.I. Government Securities Fund
| Net Assets |
Annual Rate | |||
| First $250 million |
0.50 | % | ||
| Over $250 million |
0.45 | % | ||
Invesco V.I. High Yield Fund
| Net Assets |
Annual Rate | |||
| First $200 million |
0.625 | % | ||
| Next $300 million |
0.55 | % | ||
| Next $500 million |
0.50 | % | ||
| Over $1 billion |
0.45 | % | ||
Invesco V.I. International Growth Fund
| Net Assets |
Annual Rate | |||
| First $250 million |
0.75 | % | ||
| Over $250 million |
0.70 | % | ||
Invesco V.I. Mid Cap Core Equity Fund
| Net Assets |
Annual Rate | |||
| First $500 million |
0.725 | % | ||
| Next $500 million |
0.700 | % | ||
| Next $500 million |
0.675 | % | ||
| Over $1.5 billion |
0.65 | % | ||
3
Invesco V.I. Money Market Fund
| Net Assets |
Annual Rate | |||
| First $250 million |
0.40 | % | ||
| Over $250 million |
0.35 | % | ||
Invesco V.I. Utilities Fund
| Net Assets |
Annual Rate | |||
| All Assets |
0.60 | % | ||
Invesco V.I. Diversified Dividend Fund
| Net Assets |
Annual Rate | |||
| First $250 million |
0.545 | % | ||
| Next $750 million |
0.42 | % | ||
| Next $1 billion |
0.395 | % | ||
| Over $2 billion |
0.37 | % | ||
Invesco V.I. Global Core Equity Fund
| Net Assets |
Annual Rate | |||
| First $1 billion |
0.67 | % | ||
| Next $500 million |
0.645 | % | ||
| Next $1 billion |
0.62 | % | ||
| Next $1 billion |
0.595 | % | ||
| Next $1 billion |
0.57 | % | ||
| Over $4.5 billion |
0.545 | % | ||
Invesco V.I. S&P 500 Index Fund
Invesco V.I. Equally-Weighted S&P 500 Fund
| Net Assets |
Annual Rate | |||
| First $2 billion |
0.12 | % | ||
| Over $2 billion |
0.10 | % | ||
Invesco V.I. American Franchise Fund
| Net Assets |
Annual Rate | |||
| First $250 million |
0.695 | % | ||
| Next $250 million |
0.67 | % | ||
| Next $500 million |
0.645 | % | ||
| Next $550 million |
0.62 | % | ||
| Next $3.45 billion |
0.60 | % | ||
| Next $250 million |
0.595 | % | ||
| Next $2.25 billion |
0.57 | % | ||
| Next $2.5 billion |
0.545 | % | ||
| Over $10 billion |
0.52 | % | ||
4
Invesco V.I. Xxxxxxxx Fund
Invesco V.I. Growth and Income Fund
| Net Assets |
Annual Rate | |||
| First $500 million |
0.60 | % | ||
| Over $500 million |
0.55 | % | ||
Invesco V.I. Equity and Income Fund
| Net Assets |
Annual Rate | |||
| First $150 million |
0.50 | % | ||
| Next $100 million |
0.45 | % | ||
| Next $100 million |
0.40 | % | ||
| Over $350 million |
0.35 | % | ||
Invesco V.I. Mid Cap Growth Fund
| Net Assets |
Annual Rate | |||
| First $500 million |
0.75 | % | ||
| Next $500 million |
0.70 | % | ||
| Over $1 billion |
0.65 | % | ||
Invesco V.I. American Value Fund
| Net Assets |
Annual Rate | |||
| First $1 billion |
0.72 | % | ||
| Over $1 billion |
0.65 | %” | ||
| 2. | In all other respects, the Agreement is hereby confirmed and remains in full force and effect. |
5
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective officers on the date first written above.
| AIM VARIABLE INSURANCE FUNDS | ||||||||
| (INVESCO VARIABLE INSURANCE FUNDS) | ||||||||
| Attest: | /s/ Xxxxx Xxxxxxxx |
By: | /s/ Xxxx X. Xxxx | |||||
| Assistant Secretary | Xxxx X. Xxxx | |||||||
| Senior Vice President | ||||||||
| (SEAL) | ||||||||
| INVESCO ADVISERS, INC. | ||||||||
| Attest: | /s/ Xxxxx Xxxxxxxx |
By: | /s/ Xxxx X. Xxxx | |||||
| Assistant Secretary | Xxxx X. Xxxx | |||||||
| Senior Vice President | ||||||||
| (SEAL) | ||||||||
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