AMENDMENT NO. 13 TO MASTER INVESTMENT ADVISORY AGREEMENT
AMENDMENT NO. 13
TO
MASTER INVESTMENT ADVISORY AGREEMENT
This Amendment dated as of February 28, 2020, amends the Master Investment Advisory Agreement (the “Agreement”), dated November 25, 2003, between AIM Sector Funds (Invesco Sector Funds), a Delaware statutory trust, and Invesco Advisers, Inc., a Delaware corporation.
WITNESSETH:
WHEREAS, the parties desire to amend the Agreement to change the name of Invesco Xxxxxxxxxxx Value Fund to Invesco Xxxxxxxx Select 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 Dividend Income Fund | November 25, 2003 | |
Invesco Energy Fund | November 25, 2003 | |
Invesco Gold & Precious Metals Fund | November 25, 2003 | |
Invesco Technology Fund | November 25, 2003 | |
Invesco Technology Sector Fund | February 12, 2010 | |
Invesco Mid Cap Growth Fund | February 12, 2010 | |
Invesco Small Cap Value Fund | February 12, 2010 | |
Invesco Value Opportunities Fund | February 12, 2010 | |
Invesco Xxxxxxxxxxx Small Cap Value Fund | May 24, 2019 | |
Invesco Xxxxxxxxxxx Gold & Special Minerals Fund | May 24, 2019 | |
Invesco Xxxxxxxx Select Fund | May 24, 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 Energy Fund
Invesco Gold & Precious Metals Fund
Invesco Technology Fund
Invesco Dividend Income 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 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 Sector Fund
Net Assets |
Annual Rate | |||
First $500 million |
0.67 | % | ||
Next $2.5 billion |
0.645 | % | ||
Over $3 billion |
0.62 | % |
Invesco American Value Fund
Net Assets |
Annual Rate | |||
First $500 million |
0.72 | % | ||
Next $535 million |
0.715 | % | ||
Next $31.965 billion |
0.65 | % | ||
Over $33 billion |
0.64 | % |
2
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 Xxxxxxxxxxx Small Cap Value Fund*
Net Assets |
Annual Rate | |||
First $500 million |
0.800 | % | ||
Next $500 million |
0.750 | % | ||
Next $4 billion |
0.700 | % | ||
Over $5 billion |
0.650 | % |
Invesco Xxxxxxxxxxx Gold & Special Minerals Fund*
Net Assets |
Annual Rate** | |||
First $200 million |
0.750 | % | ||
Next $200 million |
0.720 | % | ||
Next $200 million |
0.690 | % | ||
Next $200 million |
0.660 | % | ||
Next $2.2 billion |
0.600 | % | ||
Next $1 billion |
0.590 | % | ||
Next $2 billion |
0.580 | % | ||
Next $4 billion |
0.570 | % | ||
Over $10 billion |
0.560 | % |
** | 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 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 Mid Cap Growth Fund
Net Assets |
Annual Rate | |||
First $500 million |
0.75 | % | ||
Next $500 million |
0.70 | % | ||
Over $1 billion |
0.65 | % |
* | 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. |
3
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. |
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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) | ||||||||||||
Attest: | /s/ Xxxxxxxxx Xxxxxx |
By: | /s/ Xxxxxxx X. Xxxxx | |||||||||
Assistant Secretary | Xxxxxxx X. Xxxxx | |||||||||||
Secretary, Senior Vice President and Chief Legal Officer | ||||||||||||
INVESCO ADVISERS, INC. | ||||||||||||
Attest: | /s/ Xxxxxxxxx Xxxxxx |
By: | /s/ Xxxxxxx X. Xxxxx | |||||||||
Assistant Secretary | Xxxxxxx X. Xxxxx | |||||||||||
Senior Vice President & Secretary |
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