EXHIBIT m(5)
(AIM LOGO)
MASTER RELATED AGREEMENT TO
AMENDED AND RESTATED
MASTER DISTRIBUTION PLAN
(CLASS A 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 of each such Portfolio listed
on Schedule A. This Agreement, being made between A I M 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 Amended and Restated Master Distribution
Plan (Class A Shares) (the "Plan") adopted by each of the Funds. The Plan has
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 Plan or this Agreement (the
"Dis-Interested Trustees"), by votes cast in person at a meeting called for the
purpose of voting on the Plan.
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 Plan.
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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 Plan 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 Plan and this Agreement.
8. This Agreement shall continue in full force and effect as long as the
continuance of the Plan 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, 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.
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12. This Agreement shall be construed in accordance with the laws of the
State of Texas.
A I M DISTRIBUTORS, INC.
By:
---------------------------------
Name:
-------------------------------
Title:
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00 Xxxxxxxx Xxxxx, Xxxxx 000
Xxxxxxx, Xxxxx 00000-0000
Attn: President
EFFECTIVE [DATE]. FUND (LISTED IN SCHEDULE A)
on behalf of the Class A Shares of
each Portfolio listed on Schedule A
By:
---------------------------------
Name:
--------------------------------
Title:
-------------------------------
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SCHEDULE "A" TO
MASTER RELATED AGREEMENT
Maximum Aggregate
Fund Fee Rate* Plan Calculation Date
---- ----------------- ---------------------
AIM ADVISOR FUNDS
AIM International Core Equity Fund A Shares 0.35 Xxxxxx 0, 0000
XXX Xxxx Xxxxxx Fund A Shares 0.35 August 4, 1997
AIM EQUITY FUNDS
AIM Aggressive Growth Fund A Shares 0.25 July 1, 1992
AIM Blue Chip Fund A Shares 0.35 June 3, 1996
AIM Capital Development Fund A Shares 0.35 June 17, 1996
AIM Charter Fund A Shares 0.30 November 18, 1986
AIM Constellation Fund A Shares 0.30 September 9, 1986
AIM Dent Demographic Trends Fund A Shares 0.35 June 7, 1999
AIM Diversified Dividend Fund A Shares 0.35 December 31, 2001
AIM Emerging Growth Fund A Shares 0.35 March 31, 2000
AIM Large Cap Basic Value Fund A Shares 0.35 July 15, 1999
AIM Large Cap Growth Fund A Shares 0.35 March 1, 1999
AIM Mid Cap Growth Fund A Shares 0.35 November 1, 1999
AIM Xxxxxxxxxx Fund A Shares 0.30 September 9, 1986
AIM FUNDS GROUP
AIM Balanced Fund A Shares 0.25 October 18, 1993
AIM Basic Balanced Fund A Shares 0.35 September 28, 2001
AIM European Small Company Fund A Shares 0.35 August 31, 2000
AIM Global Utilities Fund A Shares 0.25 July 1, 1992
AIM Global Value Fund A Shares 0.35 December 29, 2000
AIM International Emerging Growth Fund A Shares 0.35 August 31, 2000
AIM Mid Cap Basic Value Fund A Shares 0.35 December 31, 2001
AIM New Technology Fund A Shares 0.35 August 31, 2000
AIM Premier Equity Fund A Shares 0.25 July 1, 1992
AIM Premier Equity II Fund A Shares 0.35 August 31, 2000
AIM Select Equity Fund A Shares 0.25 July 1, 1992
AIM Small Cap Equity Fund A Shares 0.35 August 31, 2000
AIM GROWTH SERIES
AIM Basic Value Fund A Shares 0.35 May 29, 1998
AIM Mid Cap Core Equity Fund A Shares 0.35 May 29, 1998
AIM Small Cap Growth Fund A Shares(1) 0.35 May 29, 1998
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Maximum Aggregate
Fund Fee Rate* Plan Calculation Date
---- ----------------- ---------------------
AIM INTERNATIONAL FUNDS, INC.
AIM Asia Pacific Growth Fund A Shares 0.35 November 1, 1997
AIM European Growth Fund A Shares 0.35 November 1, 1997
AIM Global Aggressive Growth Fund A Shares 0.50 September 15, 1994
AIM Global Growth Fund A Shares 0.50 September 15, 1994
AIM International Growth Fund A Shares 0.30 May 21, 1992
AIM INVESTMENT FUNDS
AIM Developing Markets Fund A Shares 0.50 May 29, 1998
AIM Global Energy Fund A Shares 0.50 May 29, 1998
AIM Global Financial Services Fund A Shares 0.50 May 29, 1998
AIM Global Health Care Fund A Shares 0.50 May 29, 1998
AIM Global Science and Technology Fund A Shares 0.50 May 29, 1998
AIM Libra Fund A Shares 0.35 November 1, 2002
AIM INVESTMENT SECURITIES FUNDS
AIM High Yield Fund A Shares 0.25 July 1, 1992
AIM Income Fund A Shares 0.25 July 1, 1992
AIM Intermediate Government Fund A Shares 0.25 July 1, 1992
AIM Limited Maturity Treasury Fund A Shares 0.15 December 2, 1987
AIM Municipal Bond Fund A Shares 0.25 July 1, 1992
AIM Total Return Bond Fund A Shares 0.35 December 31, 2001
AIM SERIES TRUST
AIM Global Trends Fund A Shares 0.50 May 29, 1998
AIM SPECIAL OPPORTUNITIES FUNDS
AIM Opportunities I Fund A Shares 0.35 June 29, 1998
AIM Opportunities II Fund A Shares 0.35 December 30, 1998
AIM Opportunities III Fund A Shares 0.35 December 30, 1999
AIM TAX-EXEMPT FUNDS
AIM High Income Municipal Fund A Shares 0.25 December 22, 1997
AIM Tax-Exempt Cash Fund A Shares 0.25 July 1, 1992
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(1) AIM Small Cap Growth Fund is closed to new investors.
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SCHEDULE "A" TO
RELATED AGREEMENT
Maximum Aggregate
Fund Fee Rate* Plan Calculation Date
---- ----------------- ---------------------
INVESCO BOND FUNDS, INC
INVESCO High Yield Fund A Shares 0.35 March 29, 2002
INVESCO Select Income Fund A Shares 0.35 March 29, 2002
INVESCO Tax-Free Bond Fund A Shares 0.35 March 29, 0000
XXXXXXX X.X. Government Securities Fund A Shares 0.35 March 29, 2002
INVESCO COMBINATION STOCK & BOND FUNDS, INC
INVESCO Balanced Fund A Shares 0.35 March 29, 2002
INVESCO Core Equity Fund A Shares 0.35 March 29, 2002
INVESCO Total Return Fund A Shares 0.35 March 29, 2002
INVESCO COUNSELOR SERIES FUNDS, INC
INVESCO Advantage Fund A Shares 0.35 August 23, 2000
INVESCO Advantage Global Health Sciences Fund A Shares 0.35 May 15, 2001
INVESCO INTERNATIONAL FUNDS, INC
INVESCO European Fund A Shares 0.35 March 29, 2002
INVESCO International Blue Chip Value Fund A Shares 0.35 March 29, 2002
INVESCO MANAGER SERIES FUNDS, INC
INVESCO Multi-Sector Fund A Shares 0.35 August 30, 2002
INVESCO MONEY MARKET FUNDS, INC
INVESCO Cash Reserves Fund A Shares 0.35 August 23, 2000
INVESCO SECTOR FUNDS, INC
INVESCO Energy Fund A Shares 0.35 March 29, 2002
INVESCO Financial Services Fund A Shares 0.35 March 29, 2002
INVESCO Gold & Precious Metals Fund A Shares 0.35 March 29, 2002
INVESCO Health Sciences Fund A Shares 0.35 March 29, 2002
INVESCO Leisure Fund A Shares 0.35 March 29, 2002
INVESCO Real Estate Opportunity Fund A Shares 0.35 March 29, 2002
INVESCO Technology Fund A Shares 0.35 March 29, 2002
INVESCO Telecommunications Fund A Shares 0.35 March 29, 2002
INVESCO Utilities Fund A Shares 0.252 March 29, 2002
INVESCO STOCK FUNDS, INC
INVESCO Basic Value Fund A Shares 0.35 July 31, 2002
INVESCO Dynamics Fund A Shares 0.35 March 29, 2002
INVESCO Growth Fund A Shares 0.35 March 29, 2002
INVESCO Growth & Income Fund A Shares 0.35 March 29, 2002
INVESCO Mid-Cap Growth Fund A Shares 0.35 September 28, 2001
INVESCO Small Company Growth Fund A Shares 0.35 March 29, 2002
INVESCO Value Equity Fund A Shares 0.35 March 29, 2002
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(2) Effective July 10, 2003, this fee rate was reduced from 0.35% to 0.25%.
* 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 NASD, Inc
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