AMENDMENT NO. 1 TO AMENDED AND RESTATED MASTER INVESTMENT ADVISORY AGREEMENT
AMENDMENT NO. 1
TO
AMENDED AND RESTATED MASTER INVESTMENT ADVISORY AGREEMENT
This Amendment dated as of September 30, 2020, amends the Amended and Restated Master Investment Advisory Agreement (the “Agreement”), dated July 1, 2020, between AIM Sector Funds (Invesco Sector 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 change the name of Invesco Xxxxxxxxxxx Gold & Special Minerals Fund to Invesco Gold & Special Minerals 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 American Value Fund | February 12, 2010 | |||
| Invesco Xxxxxxxx Fund | February 12, 2010 | |||
| Invesco Xxxxxxxx Select Fund | May 24, 2019 | |||
| Invesco Dividend Income Fund | November 25, 2003 | |||
| Invesco Energy Fund | November 25, 2003 | |||
| Invesco Gold & Special Minerals Fund | May 24, 2019 | |||
| Invesco Small Cap Value Fund | February 12, 2010 | |||
| Invesco Technology Fund | November 25, 2003 | |||
| Invesco Value Opportunities Fund | February 12, 2010 | |||
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APPENDIX B
COMPENSATION TO THE ADVISOR
The Trust shall pay the Adviser, out of the assets of each Fund, as full compensation for all services rendered, an advisory fee for such Funds as set forth below. Such fee shall be calculated by applying the following annual rates to the average daily net assets of such Funds for the calendar year computed in the manner used for the determination of the net asset value of shares of such Funds.
Invesco American Value Fund
| Net Assets |
Annual Rate | |||
| First $ 500 million |
0.72 | % | ||
| Next $500 million |
0.715 | % | ||
| Next $1 billion |
0.585 | % | ||
| Next $4 billion |
0.5625 | % | ||
| Over $6 billion |
0.5425 | % | ||
Invesco Xxxxxxxx Fund
| Net Assets |
Annual Rate | |||
| First $ 1 billion |
0.50 | % | ||
| Next $1 billion |
0.45 | % | ||
| Next $1 billion |
0.40 | % | ||
| Over $3 billion |
0.35 | % | ||
Invesco Xxxxxxxx Select Fund*
| Net Assets |
Annual Rate | |||
| First $ 300 million |
0.625 | % | ||
| Next $100 million |
0.500 | % | ||
| Next $4.6 billion |
0.450 | % | ||
| Over $5 billion |
0.430 | % | ||
Invesco Dividend Income Fund
| Net Assets |
Annual Rate | |||
| First $ 500 million |
0.6325 | % | ||
| Next $500 million |
0.6125 | % | ||
| Next $600 million |
0.60 | % | ||
| Next $400 million |
0.5325 | % | ||
| Next $2 billion |
0.45 | % | ||
| Next $2 billion |
0.40 | % | ||
| Next $2 billion |
0.375 | % | ||
| Over $8 billion |
0.35 | % | ||
| * | 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. |
2
Invesco Energy Fund
| Net Assets |
Annual Rate | |||
| First $ 350 million |
0.75 | % | ||
| Next $350 million |
0.65 | % | ||
| Next $1.3 billion |
0.55 | % | ||
| Next $2 billion |
0.45 | % | ||
| Next $2 billion |
0.40 | % | ||
| Next $2 billion |
0.375 | % | ||
| Over $8 billion |
0.35 | % | ||
Invesco Gold & Special Minerals Fund*
| Net Assets |
Annual Rate** | |||
| First $ 200 million |
0.750 | % | ||
| Next $150 million |
0.720 | % | ||
| Next $350 million |
0.680 | % | ||
| Next $1.3 billion |
0.560 | % | ||
| Next $2 billion |
0.460 | % | ||
| Next $2 billion |
0.410 | % | ||
| Next $2 billion |
0.385 | % | ||
| Over $8 billion |
0.360 | % | ||
| ** | To the extent Invesco Xxxxxxxxxxx Gold & Special Minerals Fund invests its assets in Invesco Xxxxxxxxxxx Gold & Special Minerals Fund (Cayman) Ltd., a direct wholly-owned subsidiary of Invesco Xxxxxxxxxxx Gold & Special Minerals Fund, the Adviser shall not collect the portion of the advisory fee that the Adviser would otherwise be entitled to collect from Invesco Xxxxxxxxxxx Gold & Special Minerals Fund, in an amount equal to 100% of the advisory fee that the Adviser receives from Invesco Xxxxxxxxxxx Gold & Special Minerals Fund (Cayman) Ltd. |
Invesco Small Cap Value Fund
| Net Assets |
Annual Rate | |||
| First $ 500 million |
0.67 | % | ||
| Next $500 million |
0.645 | % | ||
| Over $1 billion |
0.62 | % | ||
Invesco Technology Fund
| Net Assets |
Annual Rate | |||
| First $ 500 million |
0.67 | % | ||
| Next $500 million |
0.64 | % | ||
| Next $1 billion |
0.52 | % | ||
| Next $2 billion |
0.45 | % | ||
| Next $2 billion |
0.40 | % | ||
| Next $2 billion |
0.375 | % | ||
| Over $8 billion |
0.35 | % | ||
| * | 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. |
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Invesco 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 | %” | ||
| 2. | In all other respects, the Agreement is hereby confirmed and remains in full force and effect. |
4
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective officers on the date first written above.
| AIM SECTOR FUNDS | ||
| (INVESCO SECTOR FUNDS) | ||
| By: | /s/ Xxxxxxx X. Xxxxx | |
| Xxxxxxx X. Xxxxx | ||
| Secretary, Senior Vice President and | ||
| Chief Legal Officer | ||
| INVESCO ADVISERS, INC. | ||
| By: | /s/ Xxxxxxx X. Xxxxx | |
| Xxxxxxx X. Xxxxx | ||
| Senior Vice President & Secretary | ||
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