EX-99.D.1.B 5 d181181dex99d1b.htm EX-99.D.1.B EX-99.D.1.B

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 Oppenheimer 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 Comstock Fund                                                                     February 12, 2010
Invesco Comstock 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

 

1

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 Comstock 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 Comstock 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 Oppenheimer Gold & Special Minerals Fund invests its assets in Invesco Oppenheimer Gold & Special Minerals Fund (Cayman) Ltd., a direct wholly-owned subsidiary of Invesco Oppenheimer 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 Oppenheimer Gold & Special Minerals Fund, in an amount equal to 100% of the advisory fee that the Adviser receives from Invesco Oppenheimer 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.

 

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.

 

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/ Jeffrey H. Kupor

  Jeffrey H. Kupor
  Secretary, Senior Vice President and
  Chief Legal Officer
INVESCO ADVISERS, INC.
By:  

/s/ Jeffrey H. Kupor

  Jeffrey H. Kupor
  Senior Vice President & Secretary

 

 

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