EX-99.D.1.T 2 d727656dex99d1t.htm EX-99.D.1.T EX-99.D.1.T

AMENDMENT NO. 19

TO

MASTER INVESTMENT ADVISORY AGREEMENT

This Amendment dated as of May 24, 2019, amends the Master Investment Advisory Agreement (the “Agreement”) dated June 21, 2000, between AIM Equity Funds (Invesco Equity 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 add Invesco Oppenheimer Dividend Opportunity Fund, Invesco Oppenheimer Main Street Fund®, Invesco Oppenheimer Main Street All Cap Fund® and Invesco Oppenheimer Rising Dividends 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 Charter Fund

   June 1, 2000

Invesco Diversified Dividend Fund

   December 28, 2001

Invesco Oppenheimer Dividend Opportunity Fund

   May 24, 2019

Invesco Oppenheimer Main Street Fund®

   May 24, 2019

Invesco Oppenheimer Main Street All Cap Fund®

   May 24, 2019

Invesco Oppenheimer Rising Dividends Fund

   May 24, 2019

Invesco Summit Fund

   April 30, 2008

 


APPENDIX B

COMPENSATION TO THE ADVISOR

The Trust shall pay the Advisor, 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 Charter Fund

 

Net Assets

   Annual Rate  

First $250 million

     0.695

Next $4.05 billion

     0.615

Next $3.9 billion

     0.57

Next $1.8 billion

     0.545

Over $10 billion

     0.52

Invesco Diversified Dividend Fund

 

Net Assets

   Annual Rate  

First $350 million

     0.60

Next $350 million

     0.55

Next $1.3 billion

     0.50

Next $2 billion

     0.45

Next $2 billion

     0.40

Next $2 billion

     0.375

Over $8 billion

     0.35

Invesco Oppenheimer Dividend Opportunity Fund*

 

Net Assets

   Annual Rate  

First $500 million

     0.65

Next $500 million

     0.63

Next $4 billion

     0.60

Over $5 billion

     0.58

 

 

*

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 Oppenheimer Main Street Fund®*

 

Net Assets

   Annual Rate  

First $200 million

     0.65

Next $150 million

     0.60

Next $150 million

     0.55

Next $9.5 billion

     0.45

Over $10 billion

     0.43

Invesco Oppenheimer Main Street All Cap 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

Over $5 billion

     0.58

Invesco Oppenheimer Rising Dividends Fund*

 

Net Assets

   Annual Rate  

First $800 million

     0.65

Next $700 million

     0.60

Next $1 billion

     0.58

Next $2.5 billion

     0.56

Next $5 billion

     0.54

Over $10 billion

     0.52

Invesco Summit Fund

 

Net Assets

   Annual Rate  

First $10 million

     1.00

Over $10 million up to and including $150 million

     0.75

Over $150 million

     0.625 %” 

 

  2.

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

 

 

*

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


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

 

         AIM EQUITY FUNDS
         (INVESCO EQUITY FUNDS)
Attest:   

/s/ Peter Davidson

                       By:   

/s/ Jeffrey H. Kupor

   Assistant Secretary          (Jeffrey H. Kupor)
            Senior Vice President
         INVESCO ADVISERS, INC.
Attest:   

/s/ Peter Davidson

      By:   

/s/ Jeffrey H. Kupor

   Assistant Secretary          (Jeffrey H. Kupor)
            Senior Vice President
           

 

 

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