EX-99.D.1.V

EX-99.D.1.V 4 d830172dex99d1v.htm EX-99.D.1.V EX-99.D.1.V

AMENDMENT NO. 21

MASTER INVESTMENT ADVISORY AGREEMENT

This Amendment dated as of April 17, 2020, amends the Master Investment Advisory Agreement (the “Agreement”), dated November 25, 2003, between AIM Counselor Series Trust (Invesco Counselor Series Trust), 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 Oppenheimer Equity Income Fund and Invesco Oppenheimer Real Estate Fund;

NOW, THEREFORE, the parties agree that:

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 Franchise Fund		February 12, 2010

Invesco California Tax-Free Income Fund		February 12, 2010

Invesco Core Plus Bond Fund		June 2, 2009

Invesco Equally-Weighted S&P 500 Fund		February 12, 2010

Invesco Equity and Income Fund		February 12, 2010

Invesco Floating Rate Fund		April 14, 2006

Invesco Global Real Estate Income Fund		March 12, 2007

Invesco Growth and Income Fund		February 12, 2010

Invesco Low Volatility Equity Yield Fund		March 31, 2006

Invesco Oppenheimer Capital Appreciation Fund		May 24, 2019

Invesco Oppenheimer Discovery Fund		May 24, 2019

Invesco Oppenheimer Master Loan Fund		May 24, 2019

Invesco Oppenheimer Senior Floating Rate Fund		May 24, 2019

Invesco Oppenheimer Senior Floating Rate Plus Fund		May 24, 2019

Invesco Oppenheimer Short Term Municipal Fund		May 24, 2019

Invesco Oppenheimer Rochester^® Short Duration High Yield Municipal Fund		May 24, 2019

Invesco Pennsylvania Tax Free Income Fund		February 12, 2010

Invesco S&P 500 Index Fund		February 12, 2010

Invesco Short Duration High Yield Municipal Fund		September 30, 2015

Invesco Small Cap Discovery Fund		February 12, 2010

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 Core Plus Bond Fund
Net Assets	Annual Rate
First $500 million		0.450	%
Next $500 million		0.425	%
Next $1.5 billion		0.400	%
Next $2.5 billion		0.375	%
Over $5 billion		0.350	%


Invesco Floating Rate Fund
Net Assets	Annual Rate
First $500 million		0.65	%
Next $4.5 billion		0.60	%
Next $5 billion		0.575	%
Over $10 billion		0.55	%



Invesco Global Real Estate Income 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	%
Amount over $10 billion		0.68	%



Invesco Low Volatility Equity Yield Fund
Net Assets	Annual Rate
First $250 million		0.60	%
Next $250 million		0.575	%
Next $500 million		0.55	%
Next $1.5 billion		0.525	%
Next $2.5 billion		0.50	%
Next $2.5 billion		0.475	%
Next $2.5 billion		0.45	%
Over $10 billion		0.425	%



Invesco California Tax-Free Income Fund
Net Assets	Annual Rate
First $500 million		0.47	%
Next $250 million		0.445	%
Next $250 million		0.42	%
Next $250 million		0.395	%
Over $1.25 billion		0.37	%



Invesco Equally-Weighted S&P 500 Fund
Invesco S&P 500 Index Fund
Net Assets	Annual Rate
First $2 billion		0.12	%
Over $2 billion		0.10	%



Invesco Equity and Income Fund
Invesco Growth 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 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	%



Invesco Oppenheimer Capital Appreciation Fund^*
Net Assets	Annual Rate
First $200 million		0.75	%
Next $200 million		0.72	%
Next $200 million		0.69	%
Next $200 million		0.66	%
Next $700 million		0.60	%
Next $1 billion		0.58	%
Next $2 billion		0.56	%
Next $2 billion		0.54	%
Next $2 billion		0.52	%
Next $2.5 billion		0.50	%
Over $11 billion		0.48	%



Invesco Oppenheimer Discovery Fund*
Net Assets	Annual Rate
First $200 million		0.75	%
Next $200 million		0.72	%
Next $200 million		0.69	%
Next $200 million		0.66	%
Next $700 million		0.60	%
Next $3.5 billion		0.58	%
Over $5 billion		0.55	%



Invesco Oppenheimer Master Loan Fund*
Net Assets	Annual Rate
All Assets		0.30	%

^*	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.


Invesco Oppenheimer Senior Floating Rate Fund*
Net Assets	Annual Rate
First $200 million		0.75	%
Next $200 million		0.72	%
Next $200 million		0.69	%
Next $200 million		0.66	%
Next $4.2 billion		0.60	%
Next $5 billion		0.58	%
Next $10 billion		0.56	%
Over $20 billion		0.55	%



Invesco Oppenheimer Senior Floating Rate Plus Fund^*
Net Assets	Annual Rate
First $200 million		0.80	%
Next $200 million		0.77	%
Next $200 million		0.74	%
Next $200 million		0.71	%
Next $4.2 billion		0.65	%
Over $5 billion		0.63	%



Invesco Oppenheimer Short Term Municipal Fund*
Net Assets	Annual Rate
First $100 million		0.50	%
Next $150 million		0.45	%
Next $250 million		0.425	%
Next $500 million		0.40	%
Next $4 billion		0.37	%
Over $5 billion		0.35	%



Invesco Oppenheimer Rochester^® Short Duration High Yield Municipal Fund*
Net Assets	Annual Rate
First $100 million		0.50	%
Next $150 million		0.45	%
Next $250 million		0.425	%
Next $4.5 billion		0.40	%
Next $5 billion		0.39	%
Over $10 billion		0.37	%

^*	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.



Invesco Pennsylvania Tax Free Income Fund
Net Assets	Annual Rate
First $500 million		0.50	%
Over $500 million		0.40	%

Invesco Small Cap Discovery Fund
Net Assets	Annual Rate
First $500 million		0.80	%
Next $500 million		0.75	%
Over $1 billion		0.70	%

Invesco Short Duration High Yield Municipal Fund
Net Assets	Annual Rate
First $300 million		0.50	%
Next $300 million		0.46	%
Over $600 million		0.42	%”

2.	In all other respects, the Agreement is hereby confirmed and remains in full force and effect.

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective officers on the date first written above.


		AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)

Attest:	/s/ Elizabeth Nelson	By:	/s/ Jeffrey H. Kupor
	Assistant Secretary		Jeffrey H. Kupor
			Secretary, Senior Vice President and
			Chief Legal Officer

		INVESCO ADVISERS, INC.

Attest:	/s/ Elizabeth Nelson	By:	/s/ Jeffrey H. Kupor
	Assistant Secretary		Jeffrey H. Kupor
			Senior Vice President & Secretary