0000950123-12-007086.txt : 20120427
0000950123-12-007086.hdr.sgml : 20120427
20120427152043
ACCESSION NUMBER: 0000950123-12-007086
CONFORMED SUBMISSION TYPE: NSAR-B
PUBLIC DOCUMENT COUNT: 8
CONFORMED PERIOD OF REPORT: 20120229
FILED AS OF DATE: 20120427
DATE AS OF CHANGE: 20120427
EFFECTIVENESS DATE: 20120427
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Invesco Quality Municipal Investment Trust
CENTRAL INDEX KEY: 0000876982
IRS NUMBER: 000000000
STATE OF INCORPORATION: MA
FISCAL YEAR END: 0331
FILING VALUES:
FORM TYPE: NSAR-B
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-06346
FILM NUMBER: 12788893
BUSINESS ADDRESS:
STREET 1: 1555 PEACHTREE STREET, N.E.
STREET 2: SUITE 1800
CITY: ATLANTA
STATE: 2Q
ZIP: 30309
BUSINESS PHONE: 404-439-3217
MAIL ADDRESS:
STREET 1: 1555 PEACHTREE STREET, N.E.
STREET 2: SUITE 1800
CITY: ATLANTA
STATE: 2Q
ZIP: 30309
FORMER COMPANY:
FORMER CONFORMED NAME: MORGAN STANLEY QUALITY MUNICIPAL INVESTMENT TRUST
DATE OF NAME CHANGE: 20091002
FORMER COMPANY:
FORMER CONFORMED NAME: MORGAN STANLEY QUALITY MUNICIPAL INVESTMENT TRUS
DATE OF NAME CHANGE: 20011220
FORMER COMPANY:
FORMER CONFORMED NAME: MORGAN STANLEY QUALITY MUNICIPAL INVESTMENT TRUST
DATE OF NAME CHANGE: 20011220
NSAR-B
1
answer.fil
NSAR-B
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PAGE 2
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PAGE 3
022 A000002 CITIGROUP GLOBAL MARKETS INC.
022 B000002 11-2418191
022 C000002 15680
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022 A000003 BANC OF AMERICA SECURITIES LLC
022 B000003 56-2058405
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022 A000004 WELLS FARGO SECURITIES, LLC
022 B000004 56-2326000
022 C000004 8944
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PAGE 6
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PAGE 7
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PAGE 8
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PAGE 9
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SIGNATURE KELLI GALLEGOS
TITLE ASSISTANT VP & ASSISTANT TREASURER
EX-99.77B ACCT LTTR
2
h86366ex77b.txt
EX-99.77B
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Trustees and Shareholders of Invesco Quality Municipal
Investment Trust:
In planning and performing our audits of the financial statements of Invesco
Quality Municipal Investment Trust (hereafter referred to as the "Trust") as of
and for the period ended February 29, 2012, in accordance with the standards of
the Public Company Accounting Oversight Board (United States), we considered the
Trust's internal control over financial reporting, including controls over
safeguarding securities, as a basis for designing our auditing procedures for
the purpose of expressing our opinion on the financial statements and to comply
with the requirements of Form N-SAR, but not for the purpose of expressing an
opinion on the effectiveness of the Trust's internal control over financial
reporting. Accordingly, we do not express an opinion on the effectiveness of
the Trust's internal control over financial reporting.
The management of the Trust is responsible for establishing and maintaining
effective internal control over financial reporting. In fulfilling this
responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of controls. A fund's internal control over
financial reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally accepted
accounting principles. A fund's internal control over financial reporting
includes those policies and procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect the
transactions and dispositions of the assets of the fund; (2) provide reasonable
assurance that transactions are recorded as necessary to permit preparation of
financial statements in accordance with generally accepted accounting
principles, and that receipts and expenditures of the fund are being made only
in accordance with authorizations of management and trustees of the fund; and
(3) provide reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use or disposition of a fund's assets that could have
a material effect on the financial statements.
Because of its inherent limitations, internal control over financial reporting
may not prevent or detect misstatements. Also, projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate.
A deficiency in internal control over financial reporting exists when the design
or operation of a control does not allow management or employees, in the normal
course of performing their assigned functions, to prevent or detect
misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control over financial reporting, such
that there is a reasonable possibility that a material misstatement of the
Trust's annual or interim financial statements will not be prevented or detected
on a timely basis.
Our consideration of the Trust's internal control over financial reporting was
for the limited purpose described in the first paragraph and would not
necessarily disclose all deficiencies in internal control over financial
reporting that might be material weaknesses under standards established by the
Public Company Accounting Oversight Board (United States). However, we noted no
deficiencies in the Trust's internal control over financial reporting and its
operation, including controls over safeguarding securities that we consider to
be material weaknesses as defined above as of February 29, 2012.
This report is intended solely for the information and use of management and the
Board of Trustees of the Trust and the Securities and Exchange Commission and is
not intended to be and should not be used by anyone other than these specified
parties.
PricewaterhouseCoopers LLP
Houston, TX
April 23, 2012
2
EX-99.77E LEGAL
3
h86366ex77e.txt
EX-99.77E
SUB-ITEM 77E
INVESCO QUALITY MUNICIPAL INVESTMENT TRUST
LEGAL PROCEEDINGS
A shareholder demand letter dated September 1, 2010, contains allegations that
the Board and certain individuals breached their fiduciary duties to the Invesco
Quality Municipal Investment Trust and wasted Trust assets by causing the Trust
to redeem Auction Rate Preferred Securities (ARPS) at par value at the expense
of the Trust and common shareholders. The shareholder claimed that the Trust
was not obliged to provide liquidity to preferred shareholders, the redemptions
were improperly motivated to benefit the Adviser, and the market value and fair
value of the ARPS were less than par at the time they were redeemed. The letter
demands that: 1) the Board take action against the Adviser and the individuals
named to recover damages and 2) the Board refrain from authorizing further
redemptions of repurchases of ARPS by the Trust at prices in excess of fair
value or market value at the time of the transaction. According to the demand
letter, if the Trust does not take appropriate action, the shareholders will
commence a shareholder derivative action on behalf of the Fund. The Board
formed a Special Litigation Committee ("SLC") to investigate these claims and to
make a recommendation to the Board regarding whether pursuit of these claims is
in the best interests of the Trusts. Upon completion of its evaluation, the SLC
recommended that the Board reject the demands specified in the shareholder
demand letter, after which the Board announced on July 12, 2011, that it had
adopted the SLC's recommendation and voted to reject the demands.
Management of Invesco and the Trust believe that the outcome of the proceedings
described above will not have a material adverse effect on the Trust or on the
ability of Invesco to provide ongoing services to the Trust.
EX-99.77Q1 OTHR EXHB
4
h86366ex77q1a.txt
EX-99.77Q1.A
Sub-Item 77Q1(a)
CERTIFICATE
The undersigned hereby certifies that he is the Secretary of Invesco Quality
Municipal Investment Trust, an unincorporated business trust organized under the
laws of the Commonwealth of Massachusetts, and that annexed hereto is an
Amendment to the Declaration of Trust of the Trust adopted by the Trustees of
the Trust on March 16, 2011 as provided in Section 8.3 of the Declaration of
Trust, said Amendment to take effect on April 1, 2011, and does hereby further
certify that such Amendment has not been amended and is on the date hereof in
full force and effect.
Dated this 31st day of March 2011
/s/ John M. Zerr
----------------------------
Name: John M. Zerr
Secretary
AMENDMENT
Dated March 16, 2011
To be Effective April 1, 2011
TO
INVESCO QUALITY MUNICIPAL INVESTMENT TRUST
DECLARATION OF TRUST
DATED
June 28, 1991
Dated March 16, 2011
To be Effective April 1, 2011
AMENDMENT TO DECLARATION OF TRUST OF
INVESCO QUALITY MUNICIPAL INVESTMENT TRUST
WHEREAS Invesco Quality Municipal Investment Trust (the "Trust") was
established by the Declaration of Trust dated June 28, 1991, as amended from
time to time (the "Declaration") under the laws of the Commonwealth of
Massachusetts;
WHEREAS Section 8.3 of the Declaration provides that the Trustees may amend
the Declaration without the vote or consent of Shareholders for any purpose that
does not adversely affect the rights of any Shareholder with respect to which
the amendment is or purports to be applicable; and
WHEREAS the Trustees of the Trust have deemed it advisable to decrease the
maximum number of Trustees provided for under the Declaration.
NOW THEREFORE
1. Section 2.1 of Article II of the Declaration is hereby amended so that
such Section shall read in its entirety as follows
Section 2.1. Number of Trustees. The number of Trustees shall be such
number as shall be fixed from time to time by written instrument signed by a
majority of the Trustees provided however that the number of Trustees shall in
no event be less than three nor more than sixteen except as such number shall be
increased in connection with the rights of the holders of the Preferred Shares
to elect a majority of the Trustees as provided in Section 6.1 hereof. No
reduction in the number of Trustees shall have the effect of removing any
Trustee from office prior to the expiration of his term unless the Trustee is
specifically removed pursuant to Section 2.2 of this Article II at the time of
decrease.
2. All capitalized terms are used herein as defined in the Declaration
unless otherwise defined herein. All references in the Declaration to "this
Declaration" shall mean the Declaration as amended by this Amendment.
3. The Trustees of the Trust hereby reaffirm the Declaration as amended in
all respects.
4. The undersigned hereby certify that this instrument has been duly
adopted in accordance with the provisions of the Declaration.
6. This amendment may be executed in more than one counterpart each of
which shall be deemed an original, but all of which together shall constitute
one and the same document.
IN WITNESS WHEREOF the undersigned Trustees of the Trust have executed this
instrument this 31st day of March 2011.
By: /s/ David C. Arch By: /s/ Martin L . Flanagan
--------------------------------- ---------------------------------
David C. Arch Martin L. Flanagan
Trustee Trustee
By: /s/ Bob R. Baker By: /s/ Carl Frischling
--------------------------------- ---------------------------------
Bob R. Baker Carl Frischling
Trustee Trustee
By: /s/ Frank S. Bayley By: /s/ Prema Mathai-Davis
--------------------------------- ---------------------------------
Frank S. Bayley Prema Mathai-Davis
Trustee Trustee
By: /s/ James T. Bunch By: /s/ Larry Soll
--------------------------------- ---------------------------------
James T. Bunch Larry Soll
Trustee Trustee
By: /s/Bruce L. Crockett By: /s/ Hugo F. Sonnenschein
--------------------------------- ---------------------------------
Bruce L. Crockett Hugo F. Sonnenschein
Trustee Trustee
By: /s/ Rodney F. Dammeyer By: /s/ Raymond Stickel, Jr.
--------------------------------- ---------------------------------
Rodney F. Dammeyer Raymond Stickel, Jr.
Trustee Trustee
By: /s/ Albert R. Dowden By: /s/ Philip A. Taylor
--------------------------------- ---------------------------------
Albert R. Dowden Philip A. Taylor
Trustee Trustee
By: /s/ Jack M. Fields By: /s/ Wayne W. Whalen
--------------------------------- ---------------------------------
Jack M. Fields Wayne W. Whalen
Trustee Trustee
EX-99.77Q1E1
5
h86366ex77q1e.txt
EX-99.77Q1.E.1
SUB-ITEM 77Q1(e)
MEMORANDUM OF AGREEMENT
(EXPENSE LIMITATIONS)
This Memorandum of Agreement is entered into as of the Effective Date on
the attached exhibits (the "Exhibits"), between AIM Counselor Series Trust
(Invesco Counselor Series Trust), AIM Equity Funds (Invesco Equity Funds), AIM
Funds Group (Invesco Funds Group), AIM Growth Series (Invesco Growth Series),
AIM International Mutual Funds (Invesco International Mutual Funds), AIM
Investment Funds (Invesco Investment Funds), AIM Investment Securities Funds
(Invesco Investment Securities Funds), AIM Sector Funds (Invesco Sector Funds),
AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds), AIM Variable Insurance Funds
(Invesco Variable Insurance Funds), Invesco California Insured Municipal Income
Trust, Invesco California Quality Municipal Securities, Invesco High Yield
Investments Fund, Inc., Invesco Insured California Municipal Securities, Invesco
Insured Municipal Bond Trust, Invesco Insured Municipal Income Trust, Invesco
Insured Municipal Securities, Invesco Insured Municipal Trust, Invesco Municipal
Income Opportunities Trust, Invesco Municipal Income Opportunities Trust II,
Invesco Municipal Income Opportunities Trust III, Invesco Municipal Premium
Income Trust, Invesco New York Quality Municipal Securities, Invesco Prime
Income Trust, Invesco Quality Municipal Income Trust, Invesco Quality Municipal
Investment Trust, Invesco Quality Municipal Securities and Short-Term
Investments Trust (each a "Trust" or, collectively, the "Trusts"), on behalf of
the funds listed on the Exhibits to this Memorandum of Agreement (the "Funds"),
and Invesco Advisers, Inc. ("Invesco"). Invesco shall and hereby agrees to waive
fees or reimburse expenses of each Fund, on behalf of its respective classes as
applicable, severally and not jointly, as indicated in the attached Exhibits.
For and in consideration of the mutual terms and agreements set forth
herein and other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the Trusts and Invesco agree as follows:
For the Contractual Limits (listed in Exhibits A - D), the Trusts and
Invesco agree until at least the expiration date set forth on the attached
Exhibits A - D (the "Expiration Date") that Invesco will waive its fees or
reimburse expenses to the extent that expenses of a class of a Fund (excluding
(i) interest; (ii) taxes; (iii) dividend expense on short sales; (iv)
extraordinary or non-routine items, including litigation expenses;; and (vii)
expenses that each Fund has incurred but did not actually pay because of an
expense offset arrangement, if applicable) exceed the rate, on an annualized
basis, set forth on the Exhibits of the average daily net assets allocable to
such class. Acquired fund fees and expenses are not fees or expenses incurred by
a fund directly but are expenses of the investment companies in which a fund
invests. These fees and expenses are incurred indirectly through the valuation
of a fund's investment in these investment companies. Acquired fund fees and
expenses are required to be disclosed and included in the total annual fund
operating expenses in the prospectus fee table. As a result, the net total
annual fund operating expenses shown in the prospectus fee table may exceed the
expense limits reflected in Exhibits A-D. With regard to the Contractual Limits,
the Board of Trustees of the Trust and Invesco may terminate or modify this
Memorandum of Agreement prior to the Expiration Date only by mutual written
consent. Invesco will not have any right to reimbursement of any amount so
waived or reimbursed.
For the Contractual Limits, each of the Trusts and Invesco agree to review
the then-current expense limitations for each class of each Fund listed on the
Exhibits on a date prior to the Expiration Date to determine whether such
limitations should be amended, continued or terminated. The expense limitations
will expire upon the Expiration Date unless the Trusts and Invesco have agreed
to continue them. The Exhibits will be amended to reflect any such agreement.
For the Voluntary Limits (listed in Exhibits A - D), the Trusts and Invesco
agree that these are not contractual in nature and that Invesco may establish,
amend and/or terminate such expense limitations at any time in its sole
discretion after consultation with the Funds' Boards of Trustees. Any delay or
failure by Invesco to update this Memorandum of Agreement with regards to the
terminations, extensions, or expirations of the Voluntary Limits shall have no
effect on the term of such Voluntary Limitations; the Voluntary Limitations are
listed herein for informational purposes only.
It is expressly agreed that the obligations of each Trust hereunder shall
not be binding upon any of the Trustees, shareholders, nominees, officers,
agents or employees of the Trusts personally, but shall
only bind the assets and property of each Fund, as provided in each Trust's
Agreement and Declaration of Trust. The execution and delivery of this
Memorandum of Agreement have been authorized by the Trustees of the Trusts, and
this Memorandum of Agreement has been executed and delivered by an authorized
officer of the Trusts acting as such; neither such authorization by such
Trustees nor such execution and delivery by such officer shall be deemed to have
been made by any of them individually or to impose any liability on any of them
personally, but shall bind only the assets and property of the Funds, as
provided in each Trust's Agreement and Declaration of Trust.
IN WITNESS WHEREOF, each of the Trusts and Invesco have entered into this
Memorandum of Agreement as of the Effective Dates on the attached Exhibits.
AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
AIM FUNDS GROUP (INVESCO FUNDS GROUP)
AIM GROWTH SERIES (INVESCO GROWTH SERIES)
AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)
AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
INVESCO CALIFORNIA QUALITY MUNICIPAL SECURITIES
INVESCO HIGH YIELD INVESTMENTS FUND, INC.
INVESCO INSURED CALIFORNIA MUNICIPAL SECURITIES
INVESCO INSURED MUNICIPAL BOND TRUST
INVESCO INSURED MUNICIPAL INCOME TRUST
INVESCO INSURED MUNICIPAL SECURITIES
INVESCO INSURED MUNICIPAL TRUST
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST II
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST III
INVESCO MUNICIPAL PREMIUM INCOME TRUST
INVESCO NEW YORK QUALITY MUNICIPAL SECURITIES
INVESCO PRIME INCOME TRUST
INVESCO QUALITY MUNICIPAL INCOME TRUST
INVESCO QUALITY MUNICIPAL INVESTMENT TRUST
INVESCO QUALITY MUNICIPAL SECURITIES
SHORT-TERM INVESTMENTS TRUST
on behalf of the Funds listed in the Exhibits
to this Memorandum of Agreement
By: /s/ John M. Zerr
-------------------------
Title: Senior Vice President
INVESCO ADVISERS, INC.
By: /s/ John M. Zerr
-------------------------
Title: Senior Vice President
2
as of January 1, 2012
EXHIBIT "A" - RETAIL FUNDS(1)
AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---------------------------------------------------- ------------ ----------- ----------------- -----------------
Invesco California Tax-Free Income Fund
Class A Shares Contractual 0.85% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.35% February 12, 2010 June 30, 2012
Class C Shares Contractual 1.35% February 12, 2010 June 30, 2012
Class Y Shares Contractual 0.60% February 12, 2010 June 30, 2012
Invesco Core Plus Bond Fund
Class A Shares Contractual 0.75% June 6, 2011 June 30, 2013
Class B Shares Contractual 1.50% June 6, 2011 June 30, 2013
Class C Shares Contractual 1.50% June 6, 2011 June 30, 2013
Class R Shares Contractual 1.00% June 6, 2011 June 30, 2013
Class Y Shares Contractual 0.50% June 6, 2011 June 30, 2013
Institutional Class Shares Contractual 0.50% June 6, 2011 June 30, 2013
Invesco Equally-Weighted S&P 500 Fund
Class A Shares Contractual 0.75% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.50% February 12, 2010 June 30, 2012
Class C Shares Contractual 1.50% February 12, 2010 June 30, 2012
Class R Shares Contractual 1.00% February 12, 2010 June 30, 2012
Class Y Shares Contractual 0.50% February 12, 2010 June 30, 2012
Invesco Floating Rate Fund
Class A Shares Contractual 1.50% April 14, 2006 December 31, 2012
Class C Shares Contractual 2.00% April 14, 2006 December 31, 2012
Class R Shares Contractual 1.75% April 14, 2006 December 31, 2012
Class Y Shares Contractual 1.25% October 3, 2008 December 31, 2012
Institutional Class Shares Contractual 1.25% April 14, 2006 December 31, 2012
Invesco S&P 500 Index Fund
Class A Shares Contractual 0.65% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.40% February 12, 2010 June 30, 2012
Class C Shares Contractual 1.40% February 12, 2010 June 30, 2012
Class Y Shares Contractual 0.40% February 12, 2010 June 30, 2012
Invesco Global Real Estate Income Fund
Class A Shares Contractual 2.00% July 1, 2009 December 31, 2012
Class B Shares Contractual 2.75% July 1, 2009 December 31, 2012
Class C Shares Contractual 2.75% July 1, 2009 December 31, 2012
Class Y Shares Contractual 1.75% July 1, 2009 December 31, 2012
Institutional Class Shares Contractual 1.75% July 1, 2009 December 31, 2012
Invesco Structured Core Fund
Class A Shares Contractual 1.00% July 1, 2009 June 30, 2012
Class B Shares Contractual 1.75% July 1, 2009 June 30, 2012
Class C Shares Contractual 1.75% July 1, 2009 June 30, 2012
Class R Shares Contractual 1.25% July 1, 2009 June 30, 2012
Class Y Shares Contractual 0.75% July 1, 2009 June 30, 2012
Investor Class Shares Contractual 1.00% July 1, 2009 June 30, 2012
Institutional Class Shares Contractual 0.75% July 1, 2009 June 30, 2012
Invesco Van Kampen American Franchise Fund
Class A Shares Contractual 1.05% May 23, 2011 June 30, 2013
Class B Shares Contractual 1.22%(8) May 23, 2011 June 30, 2013
Class C Shares Contractual 1.80% May 23, 2011 June 30, 2013
Class R Shares Contractual 1.30% May 23, 2011 June 30, 2013
Class Y Shares Contractual 0.80% May 23, 2011 June 30, 2013
Institutional Class Shares Contractual 0.80% May 23, 2011 June 30, 2013
See page 14 for footnotes to Exhibit A.
3
as of January 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---------------------------------------------------- ------------ ----------- ----------------- -----------------
Invesco Van Kampen Equity and Income Fund
Class A Shares Contractual 0.82% February 12, 2010 June 30, 2012
Class B Shares Contractual 0.95%(8)February 12, 2010 June 30, 2012
Class C Shares Contractual 1.57% February 12, 2010 June 30, 2012
Class R Shares Contractual 1.07% February 12, 2010 June 30, 2012
Class Y Shares Contractual 0.57% February 12, 2010 June 30, 2012
Institutional Class Shares Contractual 0.57% February 12, 2010 June 30, 2012
Invesco Van Kampen Growth and Income Fund
Class A Shares Contractual 0.88% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.63% February 12, 2010 June 30, 2012
Class C Shares Contractual 1.63% February 12, 2010 June 30, 2012
Class R Shares Contractual 1.13% February 12, 2010 June 30, 2012
Class Y Shares Contractual 0.63% February 12, 2010 June 30, 2012
Institutional Class Shares Contractual 0.63% February 12, 2010 June 30, 2012
Invesco Van Kampen Pennsylvania Tax Free Income Fund
Class A Shares Contractual 1.13% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.88% February 12, 2010 June 30, 2012
Class C Shares Contractual 1.88% February 12, 2010 June 30, 2012
Class Y Shares Contractual 0.88% February 12, 2010 June 30, 2012
Invesco Van Kampen Small Cap Growth Fund
Class A Shares Contractual 1.38% February 12, 2010 June 30, 2012
Class B Shares Contractual 2.13% February 12, 2010 June 30, 2012
Class C Shares Contractual 2.13% February 12, 2010 June 30, 2012
Class Y Shares Contractual 1.13% February 12, 2010 June 30, 2012
AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
--------------------------------------- ------------ ----------- ------------------ -----------------
Invesco Capital Development Fund
Class A Shares Contractual 2.00% July 1, 2009 February 28, 2013
Class B Shares Contractual 2.75% July 1, 2009 February 28, 2013
Class C Shares Contractual 2.75% July 1, 2009 February 28, 2013
Class R Shares Contractual 2.25% July 1, 2009 February 28, 2013
Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2013
Investor Class Shares Contractual 2.00% July 1, 2009 February 28, 2013
Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2013
Invesco Charter Fund
Class A Shares Contractual 2.00% July 1, 2009 February 28, 2013
Class B Shares Contractual 2.75% July 1, 2009 February 28, 2013
Class C Shares Contractual 2.75% July 1, 2009 February 28, 2013
Class R Shares Contractual 2.25% July 1, 2009 February 28, 2013
Class S Shares Contractual 1.90% September 25, 2009 February 28, 2013
Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2013
Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2013
Invesco Constellation Fund
Class A Shares Contractual 2.00% July 1, 2009 February 28, 2013
Class B Shares Contractual 2.75% July 1, 2009 February 28, 2013
Class C Shares Contractual 2.75% July 1, 2009 February 28, 2013
Class R Shares Contractual 2.25% July 1, 2009 February 28, 2013
Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2013
Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2013
See page 14 for footnotes to Exhibit A.
4
as of January 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
--------------------------------------- ------------ ----------- ------------------ -----------------
Invesco Disciplined Equity Fund
Class Y Shares Contractual 1.75% July 14, 2009 February 28, 2013
Invesco Diversified Dividend Fund
Class A Shares Contractual 0.95% July 18, 2011 June 30, 2013
Class B Shares Contractual 1.70% July 18, 2011 June 30, 2013
Class C Shares Contractual 1.70% July 18, 2011 June 30, 2013
Class R Shares Contractual 1.20% July 18, 2011 June 30, 2013
Class Y Shares Contractual 0.70% July 18, 2011 June 30, 2013
Investor Class Shares Contractual 0.95% July 18, 2011 June 30, 2013
Institutional Class Shares Contractual 0.70% July 18, 2011 June 30, 2013
Invesco Summit Fund
Class A Shares Contractual 2.00% July 1, 2009 February 28, 2013
Class B Shares Contractual 2.75% July 1, 2009 February 28, 2013
Class C Shares Contractual 2.75% July 1, 2009 February 28, 2013
Class P Shares Contractual 1.85% July 1, 2009 February 28, 2013
Class S Shares Contractual 1.90% September 25, 2009 February 28, 2013
Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2013
Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2013
AIM FUNDS GROUP (INVESCO FUNDS GROUP)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---------------------------------------- ------------ ----------- ----------------- --------------
Invesco European Small Company Fund
Class A Shares Contractual 2.25% July 1, 2009 April 30, 2013
Class B Shares Contractual 3.00% July 1, 2009 April 30, 2013
Class C Shares Contractual 3.00% July 1, 2009 April 30, 2013
Class Y Shares Contractual 2.00% July 1, 2009 April 30, 2013
Invesco Global Core Equity Fund
Class A Shares Contractual 1.25% May 23, 2011 June 30, 2013
Class B Shares Contractual 1.52%(8) May 23, 2011 June 30, 2013
Class C Shares Contractual 2.00% May 23, 2011 June 30, 2013
Class R Shares Contractual 1.50% May 23, 2011 June 30, 2013
Class Y Shares Contractual 1.00% May 23, 2011 June 30, 2013
Institutional Class Shares Contractual 1.00% May 23, 2011 June 30, 2013
Invesco International Small Company Fund
Class A Shares Contractual 2.25% July 1, 2009 April 30, 2013
Class B Shares Contractual 3.00% July 1, 2009 April 30, 2013
Class C Shares Contractual 3.00% July 1, 2009 April 30, 2013
Class Y Shares Contractual 2.00% July 1, 2009 April 30, 2013
Institutional Class Shares Contractual 2.00% July 1, 2009 April 30, 2013
Invesco Small Cap Equity Fund
Class A Shares Contractual 2.00% July 1, 2009 April 30, 2013
Class B Shares Contractual 2.75% July 1, 2009 April 30, 2013
Class C Shares Contractual 2.75% July 1, 2009 April 30, 2013
Class R Shares Contractual 2.25% July 1, 2009 April 30, 2013
Class Y Shares Contractual 1.75% July 1, 2009 April 30, 2013
Institutional Class Shares Contractual 1.75% July 1, 2009 April 30, 2013
See page 14 for footnotes to Exhibit A.
5
as of January 1, 2012
AIM GROWTH SERIES (INVESCO GROWTH SERIES)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------------- ------------ ----------- ------------------ --------------
Invesco Balanced-Risk Retirement 2020 Fund(2)
Class A Shares Contractual 0.25% November 4, 2009 April 30, 2013
Class A5 Shares Contractual 0.25% February 12, 2010 April 30, 2013
Class B Shares Contractual 1.00% November 4, 2009 April 30, 2013
Class C Shares Contractual 1.00% November 4, 2009 April 30, 2013
Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2013
Class R Shares Contractual 0.50% November 4, 2009 April 30, 2013
Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2013
Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2013
Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2013
Invesco Balanced-Risk Retirement 2030 Fund(3)
Class A Shares Contractual 0.25% November 4, 2009 April 30, 2013
Class A5 Shares Contractual 0.25% February 12, 2010 April 30, 2013
Class B Shares Contractual 1.00% November 4, 2009 April 30, 2013
Class C Shares Contractual 1.00% November 4, 2009 April 30, 2013
Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2013
Class R Shares Contractual 0.50% November 4, 2009 April 30, 2013
Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2013
Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2013
Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2013
Invesco Balanced-Risk Retirement 2040 Fund(4) April 30, 2013
Class A Shares Contractual 0.25% November 4, 2009 April 30, 2013
Class A5 Shares Contractual 0.25% February 12, 2010 April 30, 2013
Class B Shares Contractual 1.00% November 4, 2009 April 30, 2013
Class C Shares Contractual 1.00% November 4, 2009 April 30, 2013
Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2013
Class R Shares Contractual 0.50% November 4, 2009 April 30, 2013
Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2013
Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2013
Institutional Class Shares Contractual 0.00% November 4, 2009
Invesco Balanced-Risk Retirement 2050 Fund(5)
Class A Shares Contractual 0.25% November 4, 2009 April 30, 2013
Class A5 Shares Contractual 0.25% February 12, 2010 April 30, 2013
Class B Shares Contractual 1.00% November 4, 2009 April 30, 2013
Class C Shares Contractual 1.00% November 4, 2009 April 30, 2013
Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2013
Class R Shares Contractual 0.50% November 4, 2009 April 30, 2013
Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2013
Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2013
Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2013
Invesco Balanced-Risk Retirement Now Fund(6)
Class A Shares Contractual 0.25% November 4, 2009 April 30, 2013
Class A5 Shares Contractual 0.25% February 12, 2010 April 30, 2013
Class B Shares Contractual 1.00% November 4, 2009 April 30, 2013
Class C Shares Contractual 1.00% November 4, 2009 April 30, 2013
Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2013
Class R Shares Contractual 0.50% November 4, 2009 April 30, 2013
Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2013
Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2013
Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2013
See page 14 for footnotes to Exhibit A.
6
as of January 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------------- ------------ ----------- ------------------ --------------
Invesco Convertible Securities Fund
Class A Shares Contractual 1.11% May 23, 2011 June 30, 2012
Class B Shares Contractual 1.86% May 23, 2011 June 30, 2012
Class C Shares Contractual 1.86% May 23, 2011 June 30, 2012
Class Y Shares Contractual 0.86% May 23, 2011 June 30, 2012
Institutional Class Shares Contractual 0.86% May 23, 2011 June 30, 2012
Invesco Global Equity Fund
Class A Shares Contractual 2.25% July 1, 2009 April 30, 2013
Class B Shares Contractual 3.00% July 1, 2009 April 30, 2013
Class C Shares Contractual 3.00% July 1, 2009 April 30, 2013
Class R Shares Contractual 2.50% July 1, 2009 April 30, 2013
Class Y Shares Contractual 2.00% July 1, 2009 April 30, 2013
Institutional Class Shares Contractual 2.00% July 1, 2009 April 30, 2013
Invesco Growth Allocation Fund
Class A Shares Contractual 0.37% June 6, 2011 June 30, 2012
Class B Shares Contractual 1.12% June 6, 2011 June 30, 2012
Class C Shares Contractual 1.12% June 6, 2011 June 30, 2012
Class R Shares Contractual 0.62% June 6, 2011 June 30, 2012
Class S Shares Contractual 0.27% June 6, 2011 June 30, 2012
Class Y Shares Contractual 0.12% June 6, 2011 June 30, 2012
Institutional Class Shares Contractual 0.12% June 6, 2011 June 30, 2012
Invesco Income Allocation Fund May 1, 2012
Class A Shares Contractual 0.25% May 1, 2012 April 30, 2013
Class B Shares Contractual 1.00% May 1, 2012 April 30, 2013
Class C Shares Contractual 1.00% May 1, 2012 April 30, 2013
Class R Shares Contractual 0.50% May 1, 2012 April 30, 2013
Class Y Shares Contractual 0.00% May 1, 2012 April 30, 2013
Institutional Class Shares Contractual 0.00% April 30, 2013
Invesco International Allocation Fund
Class A Shares Contractual 0.43% July 1, 2009 April 30, 2012
Class B Shares Contractual 1.18% July 1, 2009 April 30, 2012
Class C Shares Contractual 1.18% July 1, 2009 April 30, 2012
Class R Shares Contractual 0.68% July 1, 2009 April 30, 2012
Class Y Shares Contractual 0.18% July 1, 2009 April 30, 2012
Institutional Class Shares Contractual 0.18% July 1, 2009 April 30, 2012
Invesco Mid Cap Core Equity Fund
Class A Shares Contractual 2.00% July 1, 2009 April 30, 2013
Class B Shares Contractual 2.75% July 1, 2009 April 30, 2013
Class C Shares Contractual 2.75% July 1, 2009 April 30, 2013
Class R Shares Contractual 2.25% July 1, 2009 April 30, 2013
Class Y Shares Contractual 1.75% July 1, 2009 April 30, 2013
Institutional Class Shares Contractual 1.75% July 1, 2009 April 30, 2013
Invesco Moderate Allocation Fund
Class A Shares Contractual 0.37% July 1, 2009 June 30, 2012
Class B Shares Contractual 1.12% July 1, 2009 June 30, 2012
Class C Shares Contractual 1.12% July 1, 2009 June 30, 2012
Class R Shares Contractual 0.62% July 1, 2009 June 30, 2012
Class S Shares Contractual 0.27% September 25, 2009 June 30, 2012
Class Y Shares Contractual 0.12% July 1, 2009 June 30, 2012
Institutional Class Shares Contractual 0.12% July 1, 2009 June 30, 2012
Invesco Conservative Allocation Fund
Class A Shares Contractual 0.39% July 1, 2009 June 30, 2012
Class B Shares Contractual 1.14% July 1, 2009 June 30, 2012
Class C Shares Contractual 1.14% July 1, 2009 June 30, 2012
Class R Shares Contractual 0.64% July 1, 2009 June 30, 2012
Class S Shares Contractual 0.29% June 6, 2011 June 30, 2012
Class Y Shares Contractual 0.14% July 1, 2009 June 30, 2012
Institutional Class Shares Contractual 0.14% July 1, 2009 June 30, 2012
See page 14 for footnotes to Exhibit A.
7
as of January 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------------- ------------ ----------- ------------------ --------------
Invesco Small Cap Growth Fund
Class A Shares Contractual 2.00% July 1, 2009 April 30, 2013
Class B Shares Contractual 2.75% July 1, 2009 April 30, 2013
Class C Shares Contractual 2.75% July 1, 2009 April 30, 2013
Class R Shares Contractual 2.25% July 1, 2009 April 30, 2013
Class Y Shares Contractual 1.75% July 1, 2009 April 30, 2013
Investor Class Shares Contractual 2.00% July 1, 2009 April 30, 2013
Institutional Class Shares Contractual 1.75% July 1, 2009 April 30, 2013
Invesco Van Kampen Leaders Fund
Class A Shares Contractual 0.50% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.25% February 12, 2010 June 30, 2012
Class C Shares Contractual 1.25% February 12, 2010 June 30, 2012
Class Y Shares Contractual 0.25% February 12, 2010 June 30, 2012
Invesco Van Kampen U.S. Mortgage Fund
Class A Shares Contractual 0.96% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.71% February 12, 2010 June 30, 2012
Class C Shares Contractual 1.71% February 12, 2010 June 30, 2012
Class Y Shares Contractual 0.71% February 12, 2010 June 30, 2012
Institutional Class Shares Contractual 0.71% February 12, 2010 June 30, 2012
AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------------ ------------ ----------- ----------------- -----------------
Invesco Asia Pacific Growth Fund
Class A Shares Contractual 2.25% July 1, 2009 February 28, 2013
Class B Shares Contractual 3.00% July 1, 2009 February 28, 2013
Class C Shares Contractual 3.00% July 1, 2009 February 28, 2013
Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2013
Invesco European Growth Fund
Class A Shares Contractual 2.25% July 1, 2009 February 28, 2013
Class B Shares Contractual 3.00% July 1, 2009 February 28, 2013
Class C Shares Contractual 3.00% July 1, 2009 February 28, 2013
Class R Shares Contractual 2.50% July 1, 2009 February 28, 2013
Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2013
Investor Class Shares Contractual 2.25% July 1, 2009 February 28, 2013
Invesco Global Growth Fund
Class A Shares Contractual 1.32% December 19, 2011 December 31, 2012
Class B Shares Contractual 2.07% December 19, 2011 December 31, 2012
Class C Shares Contractual 2.07% December 19, 2011 December 31, 2012
Class Y Shares Contractual 1.07% December 19, 2011 December 31, 2012
Institutional Class Shares Contractual 1.07% December 19, 2011 December 31, 2012
Invesco Global Small & Mid Cap Growth Fund
Class A Shares Contractual 2.25% July 1, 2009 February 28, 2013
Class B Shares Contractual 3.00% July 1, 2009 February 28, 2013
Class C Shares Contractual 3.00% July 1, 2009 February 28, 2013
Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2013
Institutional Class Shares Contractual 2.00% July 1, 2009 February 28, 2013
Invesco International Core Equity Fund
Class A Shares Contractual 2.25% July 1, 2009 February 28, 2013
Class B Shares Contractual 3.00% July 1, 2009 February 28, 2013
Class C Shares Contractual 3.00% July 1, 2009 February 28, 2013
Class R Shares Contractual 2.50% July 1, 2009 February 28, 2013
Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2013
Investor Class Shares Contractual 2.25% July 1, 2009 February 28, 2013
Institutional Class Shares Contractual 2.00% July 1, 2009 February 28, 2013
See page 14 for footnotes to Exhibit A.
8
as of January 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------------ ------------ ----------- ----------------- -----------------
Invesco International Growth Fund
Class A Shares Contractual 1.40% May 23, 2011 June 30, 2013
Class B Shares Contractual 2.15% May 23, 2011 June 30, 2013
Class C Shares Contractual 2.15% May 23, 2011 June 30, 2013
Class R Shares Contractual 1.65% May 23, 2011 June 30, 2013
Class Y Shares Contractual 1.15% May 23, 2011 June 30, 2013
Institutional Class Shares Contractual 1.15% May 23, 2011 June 30, 2013
AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------------------ ------------ ----------- ----------------- -----------------
Invesco Balanced-Risk Allocation Fund(7)
Class A Shares Contractual 1.04% November 4, 2009 February 28, 2012
Class B Shares Contractual 1.79% November 4, 2009 February 28, 2012
Class C Shares Contractual 1.79% November 4, 2009 February 28, 2012
Class R Shares Contractual 1.29% November 4, 2009 February 28, 2012
Class Y Shares Contractual 0.79% November 4, 2009 February 28, 2012
Institutional Class Shares Contractual 0.79% November 4, 2009 February 28, 2012
Invesco Balanced-Risk Commodity Strategy Fund(10)
Class A Shares Contractual 1.22% November 29, 2010 February 28, 2013
Class B Shares Contractual 1.97% November 29, 2010 February 28, 2013
Class C Shares Contractual 1.97% November 29, 2010 February 28, 2013
Class R Shares Contractual 1.47% November 29, 2010 February 28, 2013
Class Y Shares Contractual 0.97% November 29, 2010 February 28, 2013
Institutional Class Shares Contractual 0.97% November 29, 2010 February 28, 2013
Invesco China Fund
Class A Shares Contractual 2.25% July 1, 2009 February 28, 2013
Class B Shares Contractual 3.00% July 1, 2009 February 28, 2013
Class C Shares Contractual 3.00% July 1, 2009 February 28, 2013
Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2013
Institutional Class Shares Contractual 2.00% July 1, 2009 February 28, 2013
Invesco Commodities Strategy Fund(11)
Class A Shares Contractual 1.25% February 12, 2010 June 30, 2012
Class B Shares Contractual 2.00% February 12, 2010 June 30, 2012
Class C Shares Contractual 2.00% February 12, 2010 June 30, 2012
Class R Shares Contractual 1.50% February 12, 2010 June 30, 2012
Class Y Shares Contractual 1.00% February 12, 2010 June 30, 2012
Institutional Class Shares Contractual 1.00% February 12, 2010 June 30, 2012
Invesco Developing Markets Fund
Class A Shares Contractual 2.10% May 23, 2011 June 30, 2012
Class B Shares Contractual 2.85% May 23, 2011 June 30, 2012
Class C Shares Contractual 2.85% May 23, 2011 June 30, 2012
Class Y Shares Contractual 1.85% May 23, 2011 June 30, 2012
Institutional Class Shares Contractual 1.85% May 23, 2011 June 30, 2012
Invesco Emerging Markets Equity Fund
Class A Shares Contractual 1.85% May 11, 2011 February 28, 2013
Class C Shares Contractual 2.60% May 11, 2011 February 28, 2013
Class R Shares Contractual 2.10% May 11, 2011 February 28, 2013
Class Y Shares Contractual 1.60% May 11, 2011 February 28, 2013
Institutional Class Shares Contractual 1.60% May 11, 2011 February 28, 2013
Invesco Emerging Market Local Currency Debt Fund
Class A Shares Contractual 1.24% June 14, 2010 February 28, 2013
Class B Shares Contractual 1.99% June 14, 2010 February 28, 2013
Class C Shares Contractual 1.99% June 14, 2010 February 28, 2013
Class R Shares Contractual 1.49% June 14, 2010 February 28, 2013
Class Y Shares Contractual 0.99% June 14, 2010 February 28, 2013
Institutional Class Shares Contractual 0.99% June 14, 2010 February 28, 2013
See page 14 for footnotes to Exhibit A.
9
as of January 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------------------ ------------ ----------- ----------------- -----------------
Invesco Endeavor Fund
Class A Shares Contractual 2.00% July 1, 2009 February 28, 2013
Class B Shares Contractual 2.75% July 1, 2009 February 28, 2013
Class C Shares Contractual 2.75% July 1, 2009 February 28, 2013
Class R Shares Contractual 2.25% July 1, 2009 February 28, 2013
Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2013
Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2013
Invesco Global Health Care Fund
Class A Shares Contractual 1.65% May 23, 2011 June 30, 2012
Class B Shares Contractual 2.40% May 23, 2011 June 30, 2012
Class C Shares Contractual 2.40% May 23, 2011 June 30, 2012
Class Y Shares Contractual 1.40% May 23, 2011 June 30, 2012
Investor Class Shares Contractual 1.65% May 23, 2011 June 30, 2012
Invesco International Total Return Fund
Class A Shares Contractual 1.10% March 31, 2006 February 28, 2013
Class B Shares Contractual 1.85% March 31, 2006 February 28, 2013
Class C Shares Contractual 1.85% March 31, 2006 February 28, 2013
Class Y Shares Contractual 0.85% October 3, 2008 February 28, 2013
Institutional Class Shares Contractual 0.85% March 31, 2006 February 28, 2013
Invesco Pacific Growth Fund
Class A Shares Contractual 1.88% February 12, 2010 June 30, 2012
Class B Shares Contractual 2.63% February 12, 2010 June 30, 2012
Class C Shares Contractual 2.63% February 12, 2010 June 30, 2012
Class R Shares Contractual 2.13% February 12, 2010 June 30, 2012
Class Y Shares Contractual 1.63% February 12, 2010 June 30, 2012
Institutional Class Shares Contractual 1.63% May 23, 2011 June 30, 2012
Invesco Premium Income Fund
Class A Shares Contractual 0.89% December 13, 2011 February 28, 2013
Class C Shares Contractual 1.64% December 13, 2011 February 28, 2013
Class R Shares Contractual 1.14% December 13, 2011 February 28, 2013
Class Y Shares Contractual 0.64% December 13, 2011 February 28, 2013
Institutional Class Shares Contractual 0.64% December 13, 2011 February 28, 2013
Invesco Small Companies Fund
Class A Shares Contractual 2.00% July 1, 2009 February 28, 2013
Class B Shares Contractual 2.75% July 1, 2009 February 28, 2013
Class C Shares Contractual 2.75% July 1, 2009 February 28, 2013
Class R Shares Contractual 2.25% July 1, 2009 February 28, 2013
Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2013
Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2013
AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
--------------------------------------- ------------ ----------- ----------------- -------------
Invesco Dynamics Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2012
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2012
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2012
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2012
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2012
Investor Class Shares Contractual 2.00% July 1, 2009 June 30, 2012
Institutional Class Shares Contractual 1.75% July 1, 2009 June 30, 2012
Invesco Global Real Estate Fund
Class A Shares Contractual 2.00% July 1, 2009 June 30, 2012
Class B Shares Contractual 2.75% July 1, 2009 June 30, 2012
Class C Shares Contractual 2.75% July 1, 2009 June 30, 2012
Class R Shares Contractual 2.25% July 1, 2009 June 30, 2012
Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2012
Institutional Class Shares Contractual 1.75% July 1, 2009 June 30, 2012
See page 14 for footnotes to Exhibit A.
10
as of January 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
--------------------------------------- ------------ ----------- ----------------- -------------
Invesco High Yield Fund
Class A Shares Contractual 0.89% June 6, 2011 June 30, 2013
Class B Shares Contractual 1.64% June 6, 2011 June 30, 2013
Class C Shares Contractual 1.64% June 6, 2011 June 30, 2013
Class Y Shares Contractual 0.64% June 6, 2011 June 30, 2013
Investor Class Shares Contractual 0.89% June 6, 2011 June 30, 2013
Institutional Class Shares Contractual 0.64% June 6, 2011 June 30, 2013
Invesco High Yield Securities Fund
Class A Shares Contractual 2.13% February 12, 2010 June 30, 2012
Class B Shares Contractual 2.63% February 12, 2010 June 30, 2012
Class C Shares Contractual 2.73% February 12, 2010 June 30, 2012
Class Y Shares Contractual 1.88% February 12, 2010 June 30, 2012
Invesco Municipal Bond Fund
Class A Shares Contractual 0.70% July 1, 2011 June 30, 2012
Class B Shares Contractual 1.45% July 1, 2011 June 30, 2012
Class C Shares Contractual 1.45% July 1, 2011 June 30, 2012
Class Y Shares Contractual 0.45% July 1, 2011 June 30, 2012
Investor Class Shares Contractual 0.70% July 1, 2011 June 30, 2012
Invesco Real Estate Fund
Class A Shares Contractual 1.55% May 23, 2011 June 30, 2012
Class B Shares Contractual 2.30% May 23, 2011 June 30, 2012
Class C Shares Contractual 2.30% May 23, 2011 June 30, 2012
Class R Shares Contractual 1.80% May 23, 2011 June 30, 2012
Class Y Shares Contractual 1.30% May 23, 2011 June 30, 2012
Investor Class Shares Contractual 1.55% May 23, 2011 June 30, 2012
Institutional Class Shares Contractual 1.30% May 23, 2011 June 30, 2012
Invesco Short Term Bond Fund
Class A Shares Contractual 0.56% June 6, 2011 June 30, 2013
Class C Shares Contractual 0.91%(8) March 4, 2009 June 30, 2013
Class R Shares Contractual 0.91% March 4, 2009 June 30, 2013
Class Y Shares Contractual 0.41% March 4, 2009 June 30, 2013
Institutional Class Shares Contractual 0.41% March 4, 2009 June 30, 2013
Invesco U.S. Government Fund
Class A Shares Contractual 1.03% June 6, 2011 June 30, 2012
Class B Shares Contractual 1.78% June 6, 2011 June 30, 2012
Class C Shares Contractual 1.78% June 6, 2011 June 30, 2012
Class R Shares Contractual 1.28% June 6, 2011 June 30, 2012
Class Y Shares Contractual 0.78% June 6, 2011 June 30, 2012
Investor Class Shares Contractual 1.03% June 6, 2011 June 30, 2012
Institutional Class Shares Contractual 0.78% June 6, 2011 June 30, 2012
Invesco Van Kampen Corporate Bond Fund
Class A Shares Contractual 0.95% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.29%(8) June 6, 2011 June 30, 2012
Class C Shares Contractual 1.65%(8) June 6, 2011 June 30, 2012
Class R Shares Contractual 1.20% June 6, 2011 June 30, 2012
Class Y Shares Contractual 0.70% February 12, 2010 June 30, 2012
Institutional Class Shares Contractual 0.70% February 12, 2010 June 30, 2012
AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
--------------------------------------- ------------ ----------- ----------------- ---------------
Invesco Energy Fund
Class A Shares Contractual 2.00% July 1, 2009 August 31, 2012
Class B Shares Contractual 2.75% July 1, 2009 August 31, 2012
Class C Shares Contractual 2.75% July 1, 2009 August 31, 2012
Class Y Shares Contractual 1.75% July 1, 2009 August 31, 2012
Investor Class Shares Contractual 2.00% July 1, 2009 August 31, 2012
Institutional Class Shares Contractual 1.75% July 1, 2009 August 31, 2012
See page 14 for footnotes to Exhibit A.
11
as of January 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
--------------------------------------- ------------ ----------- ----------------- ---------------
Invesco Gold & Precious Metals Fund
Class A Shares Contractual 2.00% July 1, 2009 August 31, 2012
Class B Shares Contractual 2.75% July 1, 2009 August 31, 2012
Class C Shares Contractual 2.75% July 1, 2009 August 31, 2012
Class Y Shares Contractual 1.75% July 1, 2009 August 31, 2012
Investor Class Shares Contractual 2.00% July 1, 2009 August 31, 2012
Invesco Leisure Fund
Class A Shares Contractual 2.00% July 1, 2009 August 31, 2012
Class B Shares Contractual 2.75% July 1, 2009 August 31, 2012
Class C Shares Contractual 2.75% July 1, 2009 August 31, 2012
Class R Shares Contractual 2.25% July 1, 2009 August 31, 2012
Class Y Shares Contractual 1.75% July 1, 2009 August 31, 2012
Investor Class Shares Contractual 2.00% July 1, 2009 August 31, 2012
Invesco Technology Fund
Class A Shares Contractual 1.76% May 23, 2011 June 30, 2012
Class B Shares Contractual 2.51% May 23, 2011 June 30, 2012
Class C Shares Contractual 2.51% May 23, 2011 June 30, 2012
Class Y Shares Contractual 1.51% May 23, 2011 June 30, 2012
Investor Class Shares Contractual 1.76% May 23, 2011 June 30, 2012
Institutional Class Shares Contractual 1.51% May 23, 2011 June 30, 2012
Invesco Technology Sector Fund
Class A Shares Contractual 2.00% February 12, 2010 June 30, 2012
Class B Shares Contractual 2.75% February 12, 2010 June 30, 2012
Class C Shares Contractual 2.75% February 12, 2010 June 30, 2012
Class Y Shares Contractual 1.75% February 12, 2010 June 30, 2012
Invesco U.S. Mid Cap Value Fund
Class A Shares Contractual 1.27% February 12, 2010 June 30, 2012
Class B Shares Contractual 2.02% February 12, 2010 June 30, 2012
Class C Shares Contractual 2.02% February 12, 2010 June 30, 2012
Class Y Shares Contractual 1.02% February 12, 2010 June 30, 2012
Invesco Utilities Fund
Class A Shares Contractual 1.32% May 23, 2011 June 30, 2013
Class B Shares Contractual 2.07% May 23, 2011 June 30, 2013
Class C Shares Contractual 2.07% May 23, 2011 June 30, 2013
Class Y Shares Contractual 1.07% May 23, 2011 June 30, 2013
Investor Class Shares Contractual 1.32% May 23, 2011 June 30, 2013
Institutional Class Shares Contractual 1.07% May 23, 2011 June 30, 2013
Invesco Van Kampen American Value Fund
Class A Shares Contractual 1.41% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.65%(8) May 23, 2011 June 30, 2012
Class C Shares Contractual 2.16% February 12, 2010 June 30, 2012
Class R Shares Contractual 1.66% February 12, 2010 June 30, 2012
Class Y Shares Contractual 1.16% February 12, 2010 June 30, 2012
Institutional Class Shares Contractual 1.16% February 12, 2010 June 30, 2012
Invesco Van Kampen Comstock Fund
Class A Shares Contractual 0.89% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.64% February 12, 2010 June 30, 2012
Class C Shares Contractual 1.64% February 12, 2010 June 30, 2012
Class R Shares Contractual 1.14% February 12, 2010 June 30, 2012
Class Y Shares Contractual 0.64% February 12, 2010 June 30, 2012
Institutional Class Shares Contractual 0.64% February 12, 2010 June 30, 2012
See page 14 for footnotes to Exhibit A.
12
as of January 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
--------------------------------------- ------------ ----------- ----------------- ---------------
Invesco Van Kampen Mid Cap Growth Fund
Class A Shares Contractual 1.40% February 12, 2010 June 30, 2012
Class B Shares Contractual 2.15% February 12, 2010 June 30, 2012
Class C Shares Contractual 2.15% February 12, 2010 June 30, 2012
Class R Shares Contractual 1.65% February 12, 2010 June 30, 2012
Class Y Shares Contractual 1.15% February 12, 2010 June 30, 2012
Institutional Class Shares Contractual 1.15% February 12, 2010 June 30, 2012
Invesco Van Kampen Small Cap Value Fund
Class A Shares Contractual 1.03% May 23, 2011 June 30, 2012
Class B Shares Contractual 1.40%(8) May 23, 2011 June 30, 2012
Class C Shares Contractual 1.78% May 23, 2011 June 30, 2012
Class Y Shares Contractual 0.78% May 23, 2011 June 30, 2012
Van Kampen Value Opportunities Fund
Class A Shares Contractual 1.41% February 12, 2010 June 30, 2012
Class B Shares Contractual 2.16% February 12, 2010 June 30, 2012
Class C Shares Contractual 2.16% February 12, 2010 June 30, 2012
Class R Shares Contractual 1.66% May 23, 2011 June 30, 2012
Class Y Shares Contractual 1.16% February 12, 2010 June 30, 2012
Institutional Class Shares Contractual 1.16% May 23, 2011 June 30, 2012
AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
---------------------------------------------------------- ------------ ----------- ----------------- -------------
Invesco High Income Municipal Fund
Class A Shares Voluntary 0.85% July 1, 2011 N/A(9)
Class B Shares Voluntary 1.60% July 1, 2011 N/A(9)
Class C Shares Voluntary 1.60% July 1, 2011 N/A(9)
Class Y Shares Voluntary 0.60% July 1, 2011 N/A(9)
Institutional Class Shares Voluntary 0.60% July 1, 2011 N/A(9)
Invesco Van Kampen High Yield Municipal Fund
Class A Shares Contractual 0.87% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.62% February 12, 2010 June 30, 2012
Class C Shares Contractual 1.62% February 12, 2010 June 30, 2012
Class Y Shares Contractual 0.62% February 12, 2010 June 30, 2012
Invesco Van Kampen Intermediate Term Municipal Income Fund
Class A Shares Contractual 0.75% June 6, 2011 June 30, 2013
Class B Shares Contractual 1.50% June 6, 2011 June 30, 2013
Class C Shares Contractual 1.50% June 6, 2011 June 30, 2013
Class Y Shares Contractual 0.50% June 6, 2011 June 30, 2013
Invesco Van Kampen Municipal Income Fund
Class A Shares Contractual 0.83% June 6, 2011 June 30, 2013
Class B Shares Contractual 1.58% June 6, 2011 June 30, 2013
Class C Shares Contractual 1.58% June 6, 2011 June 30, 2013
Class Y Shares Contractual 0.58% June 6, 2011 June 30, 2013
Invesco Van Kampen New York Tax Free Income Fund
Class A Shares Contractual 0.78% February 12, 2010 June 30, 2012
Class B Shares Contractual 1.53% February 12, 2010 June 30, 2012
Class C Shares Contractual 1.53% February 12, 2010 June 30, 2012
Class Y Shares Contractual 0.53% February 12, 2010 June 30, 2012
See page 14 for footnotes to Exhibit A.
13
as of January 1, 2012
----------
1 The total operating expenses of any class of shares established after the
date of this Memorandum of Agreement will be limited to the amount
established for Class A Shares plus the difference between the new class
12b-1 rate and the Class A 12b-1 rate.
2 Following the reorganization with Van Kampen 2020 Retirement Strategy and
Van Kampen 2025 Retirement Strategy, the Fund's contractual limit through
at least June 30, 2012 (excluding only items included in "notwithstanding"
sentence discussed above) will be 0.41%, 1.16%, 0.66% and 0.16% for Class
A5, C5, R5 and Y, respectively.
3 Following the reorganization with Van Kampen 30 Retirement Strategy and
Van Kampen 2035 Retirement Strategy, the Fund's contractual limit through
at least June 30, 2012 (excluding only items included in "notwithstanding"
sentence discussed above) will be 0.29%, 1.04%, 0.54% and 0.04% for Class
A5, C5, R5 and Y, respectively.
4 Following the reorganization with Van Kampen 2040 Retirement Strategy and
Van Kampen 2045 Retirement Strategy, the Fund's contractual limit through
at least June 30, 2012 (excluding only items included in "notwithstanding"
sentence discussed above) will be 0.28%, 1.03%, 0.53% and 0.03% for Class
A5, C5, R5 and Y, respectively.
5 Following the reorganization with Van Kampen 50 Retirement Strategy, the
Fund's contractual limit through at least June 30, 2012 (excluding only
items included in "notwithstanding" sentence discussed above) will be
0.26%, 1.01%, 0.51% and 0.01% for Class A5, C5, R5 and Y, respectively.
6 Following the reorganization with Van Kampen In Retirement, the Fund's
contractual limit through at least June 30, 2012 (excluding only items
included in "notwithstanding" sentence discussed above) will be 0.47%,
1.22%, 0.72% and 0.22% for Class A5, C5, R5 and Y, respectively.
7 Includes waived fees or reimbursed expenses that Invesco receives from
Invesco Cayman Commodity Fund I, Ltd.
8 The expense limit shown is the expense limit after Rule 12b-1 fee waivers
by Invesco Distributors, Inc.
9 Invesco may establish, amend or terminate voluntary waivers at any time in
its sole discretion after consultation with the Trust.
10 Includes waived fees or reimbursed expenses that Invesco receives from
Invesco Cayman Commodity Fund III, Ltd.
11 Includes waived fees or reimbursed expenses that Invesco receives from
Invesco Cayman Commodity Fund II, Ltd.
14
as of January 1, 2012
EXHIBIT "B" - INSTITUTIONAL MONEY MARKET FUNDS(1,2)
SHORT-TERM INVESTMENTS TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
--------------------------------- ------------ ----------- ----------------- -----------------
Government & Agency Portfolio
Cash Management Class Contractual 0.22%(2) July 1, 2009 December 31, 2012
Corporate Class Contractual 0.17% July 1, 2009 December 31, 2012
Institutional Class Contractual 0.14% July 1, 2009 December 31, 2012
Personal Investment Class Contractual 0.69%(2) July 1, 2009 December 31, 2012
Private Investment Class Contractual 0.44%(2) July 1, 2009 December 31, 2012
Reserve Class Contractual 1.01%(2) July 1, 2009 December 31, 2012
Resource Class Contractual 0.30%(2) July 1, 2009 December 31, 2012
Government TaxAdvantage Portfolio
Cash Management Class Contractual 0.22%(2) July 1, 2009 December 31, 2012
Corporate Class Contractual 0.17% July 1, 2009 December 31, 2012
Institutional Class Contractual 0.14% July 1, 2009 December 31, 2012
Personal Investment Class Contractual 0.69%(2) July 1, 2009 December 31, 2012
Private Investment Class Contractual 0.39%(2) July 1, 2009 December 31, 2012
Reserve Class Contractual 1.01%(2) July 1, 2009 December 31, 2012
Resource Class Contractual 0.30%(2) July 1, 2009 December 31, 2012
Liquid Assets Portfolio
Cash Management Class Contractual 0.22%(2) July 1, 2009 December 31, 2012
Corporate Class Contractual 0.17% July 1, 2009 December 31, 2012
Institutional Class Contractual 0.14% July 1, 2009 December 31, 2012
Personal Investment Class Contractual 0.69%(2) July 1, 2009 December 31, 2012
Private Investment Class Contractual 0.44%(2) July 1, 2009 December 31, 2012
Reserve Class Contractual 1.01%(2) July 1, 2009 December 31, 2012
Resource Class Contractual 0.34% July 1, 2009 December 31, 2012
STIC Prime Portfolio
Cash Management Class Contractual 0.22%(2) July 1, 2009 December 31, 2012
Corporate Class Contractual 0.17% July 1, 2009 December 31, 2012
Institutional Class Contractual 0.14% July 1, 2009 December 31, 2012
Personal Investment Class Contractual 0.69%(2) July 1, 2009 December 31, 2012
Private Investment Class Contractual 0.44%(2) July 1, 2009 December 31, 2012
Reserve Class Contractual 1.01%(2) July 1, 2009 December 31, 2012
Resource Class Contractual 0.30%(2) July 1, 2009 December 31, 2012
Tax-Free Cash Reserve Portfolio(3)
Cash Management Class Contractual 0.33%(2) July 1, 2009 December 31, 2012
Corporate Class Contractual 0.28% July 1, 2009 December 31, 2012
Institutional Class Contractual 0.25% July 1, 2009 December 31, 2012
Personal Investment Class Contractual 0.80%(2) July 1, 2009 December 31, 2012
Private Investment Class Contractual 0.50%(2) July 1, 2009 December 31, 2012
Reserve Class Contractual 1.12%(2) July 1, 2009 December 31, 2012
Resource Class Contractual 0.41%(2) July 1, 2009 December 31, 2012
Treasury Portfolio
Cash Management Class Contractual 0.22%(2) July 1, 2009 December 31, 2012
Corporate Class Contractual 0.17% July 1, 2009 December 31, 2012
Institutional Class Contractual 0.14% July 1, 2009 December 31, 2012
Personal Investment Class Contractual 0.69%(2) July 1, 2009 December 31, 2012
Private Investment Class Contractual 0.44%(2) July 1, 2009 December 31, 2012
Reserve Class Contractual 1.01%(2) July 1, 2009 December 31, 2012
Resource Class Contractual 0.30%(2) July 1, 2009 December 31, 2012
----------
1 The expense rate excluding 12b-1 fees of any class of shares established
after the date of this Memorandum of Agreement will be the same as existing
classes.
2 The expense limit shown is the expense limit after Rule 12b-1 fee waivers
by Invesco Distributors, Inc.
3 The expense limitation also excludes Trustees' fees and federal
registration expenses.
15
as of January 1, 2012
EXHIBIT "C" - VARIABLE INSURANCE FUNDS
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------------ ------------ ----------- ----------------- --------------
Invesco V.I. Balanced-Risk Allocation Fund(1)
Series I Shares Contractual 0.62% January 1, 2012 June 30, 2013
Series II Shares Contractual 0.87% January 1, 2012 June 30, 2013
Invesco V.I. Basic Value Fund
Series I Shares Contractual 1.30% January 1, 2005 April 30, 2013
Series II Shares Contractual 1.45% January 1, 2005 April 30, 2013
Invesco V.I. Capital Appreciation Fund
Series I Shares Contractual 1.30% January 1, 2005 April 30, 2013
Series II Shares Contractual 1.45% January 1, 2005 April 30, 2013
Invesco V.I. Capital Development Fund
Series I Shares Contractual 1.30% January 1, 2005 June 30, 2012
Series II Shares Contractual 1.45% January 1, 2005 June 30, 2012
Invesco V.I. Core Equity Fund
Series I Shares Contractual 1.30% January 1, 2005 April 30, 2013
Series II Shares Contractual 1.45% January 1, 2005 April 30, 2013
Invesco V.I. Diversified Income Fund
Series I Shares Contractual 0.75% July 1, 2005 April 30, 2013
Series II Shares Contractual 1.00% July 1, 2005 April 30, 2013
Invesco V.I. Dividend Growth Fund
Series I Shares Contractual 0.77% July 1, 2012 April 30, 2013
Series II Shares Contractual 1.02% July 1, 2012 April 30, 2013
Invesco V.I. Global Health Care Fund
Series I Shares Contractual 1.30% April 30, 2004 April 30, 2013
Series II Shares Contractual 1.45% April 30, 2004 April 30, 2013
Invesco V.I. Global Real Estate Fund
Series I Shares Contractual 1.30% April 30, 2004 April 30, 2013
Series II Shares Contractual 1.45% April 30, 2004 April 30, 2013
Invesco V.I. Government Securities Fund
Series I Shares Contractual 0.70% July 1, 2012 April 30, 2013
Series II Shares Contractual 0.95% July 1, 2012 April 30, 2013
----------
1 Includes waived fees or reimbursed expenses that Invesco receives from
Invesco Cayman Commodity Fund IV, Ltd.
16
as of January 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------------------------------ ------------ ----------- ------------------ --------------
Invesco V.I. High Yield Fund
Series II Shares Contractual 0.80% May 2, 2011 June 30, 2013
Series II Shares Contractual 1.05% May 2, 2011 June 30, 2013
Invesco V.I. High Yield Securities Fund
Series I Shares Contractual 1.75% February 12, 2010 June 30, 2012
Series II Shares Contractual 2.00% February 12, 2010 June 30, 2012
Invesco V.I. International Growth Fund
Series I Shares Contractual 1.11% May 2, 2011 June 30, 2012
Series II Shares Contractual 1.36% May 2, 2011 June 30, 2012
Invesco V.I. Leisure Fund
Series I Shares Contractual 1.01% April 30, 2004 April 30, 2013
Series II Shares Contractual 1.26% April 30, 2004 April 30, 2013
Invesco V.I. Mid Cap Core Equity Fund
Series I Shares Contractual 1.30% September 10, 2001 April 30, 2013
Series II Shares Contractual 1.45% September 10, 2001 April 30, 2013
Invesco V.I. Money Market Fund
Series I Shares Contractual 1.30% January 1, 2005 April 30, 2013
Series II Shares Contractual 1.45% January 1, 2005 April 30, 2013
Invesco V.I. S&P 500 Index Fund
Series I Shares Contractual 0.28% February 12, 2010 June 30, 2012
Series II Shares Contractual 0.53% February 12, 2010 June 30, 2012
Invesco V.I. Select Dimensions
Equally-Weighted S&P 500 Fund
Series I Shares Contractual 0.37% February 12, 2010 June 30, 2012
Series II Shares Contractual 0.62% February 12, 2010 June 30, 2012
Invesco V.I. Small Cap Equity Fund
Series I Shares Contractual 1.15% July 1, 2005 April 30, 2013
Series II Shares Contractual 1.40% July 1, 2005 April 30, 2013
Invesco V.I. Technology Fund
Series I Shares Contractual 1.30% April 30, 2004 April 30, 2013
Series II Shares Contractual 1.45% April 30, 2004 April 30, 2013
Invesco V.I. Utilities Fund
Series I Shares Contractual 0.93% September 23, 2005 April 30, 2012
Series II Shares Contractual 1.18% September 23, 2005 April 30, 2012
Invesco Van Kampen V.I. Capital Growth Fund
Series I Shares Contractual 0.94% July 1, 2012 April 30, 2013
Series II Shares Contractual 1.19% July 1, 2012 April 30, 2013
17
as of January 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------------------------------ ------------ ----------- ------------------ --------------
Invesco Van Kampen V.I. Comstock Fund
Series I Shares Contractual 0.72% July 1, 2012 April 30, 2013
Series II Shares Contractual 0.97% July 1, 2012 April 30, 2013
Invesco Van Kampen V.I. Equity and Income Fund
Series I Shares Contractual 0.70% February 12, 2010 June 30, 2012
Series II Shares Contractual 0.75%(2) February 12, 2010 June 30, 2012
Invesco Van Kampen V.I. Global Value Equity Fund
Series I Shares Contractual 0.94% May 2, 2011 June 30, 2012
Series II Shares Contractual 1.19% May 2, 2011 June 30, 2012
Invesco Van Kampen V.I. Growth and Income Fund
Series I Shares Contractual 0.72% July 1, 2012 April 30, 2013
Series II Shares Contractual 0.97% July 1, 2012 April 30, 2013
Invesco Van Kampen V.I. Mid Cap Growth Fund
Series I Shares Contractual 1.01% February 12, 2010 June 30, 2012
Series II Shares Contractual 1.26% February 12, 2010 June 30, 2012
Invesco Van Kampen V.I. Mid Cap Value Fund
Series I Shares Contractual 1.18% February 12, 2010 June 30, 2012
Series II Shares Contractual 1.28%(2) February 12, 2010 June 30, 2012
----------
2 The expense limit shown is the expense limit after Rule 12b-1 fee waivers
by Invesco Distributors, Inc.
18
as of January 1, 2012
EXHIBIT "D" - CLOSED-END FUNDS(1)
INVESCO CALIFORNIA INSURED MUNICIPAL INCOME TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------------------- ------------ ----------- ----------------- -------------
Invesco California Insured Municipal Income Trust Contractual 0.67% June 1, 2010 June 30, 2012
INVESCO CALIFORNIA QUALITY MUNICIPAL SECURITIES
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
----------------------------------------------- ------------ ----------- ----------------- ----------
Invesco California Quality Municipal Securities Contractual 0.70% June 1, 2010 June 30, 2012
INVESCO HIGH YIELD INVESTMENTS FUND, INC.
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
----------------------------------------- ------------ ----------- ----------------- ----------
Invesco High Yield Investments Fund, Inc. Contractual 0.98% June 1, 2010 June 30, 2012
INVESCO INSURED CALIFORNIA MUNICIPAL SECURITIES
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
----------------------------------------------- ------------ ----------- ----------------- ----------
Invesco Insured California Municipal Securities Contractual 0.70% June 1, 2010 June 30, 2012
INVESCO INSURED MUNICIPAL BOND TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------ ------------ ----------- ----------------- ----------
Invesco Insured Municipal Bond Trust Contractual 1.00% June 1, 2010 June 30, 2012
INVESCO INSURED MUNICIPAL INCOME TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
-------------------------------------- ------------ ----------- ----------------- ----------
Invesco Insured Municipal Income Trust Contractual 0.64% June 1, 2010 June 30, 2012
INVESCO INSURED MUNICIPAL SECURITIES
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------ ------------ ----------- ----------------- ----------
Invesco Insured Municipal Securities Contractual 0.54% June 1, 2010 June 30, 2012
19
as of January 1, 2012
INVESCO INSURED MUNICIPAL TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------- ------------ ----------- ----------------- ----------
Invesco Insured Municipal Trust Contractual 0.66% June 1, 2010 June 30, 2012
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
-------------------------------------------- ------------ ----------- ----------------- ----------
Invesco Municipal Income Opportunities Trust Contractual 0.73% June 1, 2010 June 30, 2012
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST II
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
----------------------------------------------- ------------ ----------- ----------------- ----------
Invesco Municipal Income Opportunities Trust II Contractual 0.73% June 1, 2010 June 30, 2012
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST III
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------------------ ------------ ----------- ----------------- -------------
Invesco Municipal Income Opportunities Trust III Contractual 0.84% June 1, 2010 June 30, 2012
INVESCO MUNICIPAL PREMIUM INCOME TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
-------------------------------------- ------------ ----------- ----------------- ----------
Invesco Municipal Premium Income Trust Contractual 1.03% June 1, 2010 June 30, 2012
INVESCO NEW YORK QUALITY MUNICIPAL SECURITIES
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
--------------------------------------------- ------------ ----------- ----------------- ----------
Invesco New York Quality Municipal Securities Contractual 0.80% June 1, 2010 June 30, 2012
INVESCO PRIME INCOME TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
-------------------------- ------------ ----------- ----------------- ----------
Invesco Prime Income Trust Contractual 1.32% June 1, 2010 June 30, 2012
20
as of January 1, 2012
INVESCO QUALITY MUNICIPAL INCOME TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
-------------------------------------- ------------ ----------- ----------------- ----------
Invesco Quality Municipal Income Trust Contractual 0.70% June 1, 2010 June 30, 2012
INVESCO QUALITY MUNICIPAL INVESTMENT TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------------ ------------ ----------- ----------------- -------------
Invesco Quality Municipal Investment Trust Contractual 0.70% June 1, 2010 June 30, 2012
INVESCO QUALITY MUNICIPAL SECURITIES
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION
FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE
------------------------------------------ ------------ ----------- ----------------- -------------
Invesco Quality Municipal Securities Contractual 0.66% June 1, 2010 June 30, 2012
----------
1 The total operating expenses of any class of shares established after the
date of this Memorandum of Agreement will be limited to the amount
established for Class A Shares plus the difference between the new class
12b-1 rate and the Class A 12b-1 rate.
21
EX-99.77Q1E2
6
h86366ex77q1e2.txt
EX-99.77Q1.E.2
Sub-Item 77Q1(e)
MEMORANDUM OF AGREEMENT
(ADVISORY FEE WAIVERS)
This Memorandum of Agreement is entered into as of the effective date on
the attached Exhibit A and B (each an "Exhibit" or, collectively the
"Exhibits"), between AIM Counselor Series Trust (Invesco Counselor Series
Trust), AIM Equity Funds (Invesco Equity Funds), AIM Funds Group (Invesco Funds
Group), AIM Growth Series (Invesco Growth Series), AIM International Mutual
Funds (Invesco International Mutual Funds), AIM Investment Funds (Invesco
Investment Funds), AIM Investment Securities Funds (Invesco Investment
Securities Funds), AIM Sector Funds (Invesco Sector Funds), AIM Tax-Exempt Funds
(Invesco Tax-Exempt Funds), AIM Treasurer's Series Trust (Invesco Treasurer's
Series Trust), AIM Variable Insurance Funds (Invesco Variable Insurance Funds),
Invesco California Insured Municipal Income Trust, Invesco California Quality
Municipal Securities, Invesco High Yield Fund, Inc., Invesco Insured California
Municipal Securities, Invesco Insured Municipal Bond Trust, Invesco Insured
Municipal Income Trust, Invesco Insured Municipal Securities, Invesco Insured
Municipal Trust, Invesco Municipal Income Opportunities Trust, Invesco Municipal
Income Opportunities Trust II, Invesco Municipal Income Opportunities Trust III,
Invesco Municipal Premium Income Trust, Invesco New York Quality Municipal
Securities, Invesco Prime Income Trust, Invesco Quality Municipal Income Trust,
Invesco Quality Municipal Investment Trust, Invesco Quality Municipal Securities
and Short-Term Investments Trust (each a "Trust" or, collectively, the
"Trusts"), on behalf of the funds listed on the Exhibits to this Memorandum of
Agreement (the "Funds"), and Invesco Advisers, Inc. ("Invesco"). Invesco shall
and hereby agrees to waive fees of the Funds, on behalf of their respective
classes as applicable, severally and not jointly, as indicated in the Exhibits.
For and in consideration of the mutual terms and agreements set forth
herein and other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the Trusts and Invesco agree that until at least
the expiration date set forth on Exhibit A (the "Expiration Date") and with
respect to those Funds listed on the Exhibit, Invesco will waive its advisory
fees at the rate set forth on the Exhibit.
For and in consideration of the mutual terms and agreements set forth
herein and other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the Trusts and Invesco Aim agree as follows:
1. Each Trust, for itself and its Funds, and Invesco agree that until
the expiration date, if any, of the commitment set forth on the
attached Exhibit B occurs, as such Exhibit B is amended from time to
time, Invesco will waive advisory fees payable by an Investing Trust
in an amount equal to 100% of the net advisory fee Invesco receives on
the Uninvested Cash (defined below) from the Affiliated Money Market
Fund (defined below) in which the Investing Trust invests (the
"Waiver").
i. Invesco's Fund Accounting Group will calculate, and apply, the
Waiver monthly, based upon the average investment of Uninvested
Cash made by the Investing Trust during the previous month in an
Affiliated Money Market Fund.
ii. The Waiver will not apply to those investing Trusts that do not
charge an advisory fee, either due to the terms of their advisory
agreement, or as a result of contractual or voluntary fee
waivers.
iii. The Waiver will not apply to cash collateral for securities
lending.
For purposes of the paragraph above, the following terms shall have
the following meanings:
(a) "Affiliated Money Market Fund" - any existing or future Trust that
holds itself out as a money market fund and complies with Rule 2a-7
under the Investment Company Act of 1940, as amended; and
(b) "Uninvested Cash" - cash available and uninvested by a Trust that
may result from a variety of sources, including dividends or interest
received on portfolio securities,
unsettled securities transactions, strategic reserves, matured
investments, proceeds from liquidation of investment securities,
dividend payments, or new investor capital.
2. Neither a Trust nor Invesco may remove or amend the Waiver to a
Trust's detriment prior to requesting and receiving the approval of
the Board of Trustee of the applicable Fund's Trust to remove or amend
such Waiver. Invesco will not have any right to reimbursement of any
amount so waived.
The Boards of Trustees and Invesco may terminate or modify this Memorandum
of Agreement prior to the Expiration Date only by mutual written consent.
Invesco will not have any right to reimbursement of any amount so waived or
reimbursed.
Subject to the foregoing paragraphs, each of the Trusts and Invesco agree
to review the then-current waivers for each class of the Funds listed on the
Exhibits on a date prior to the Expiration Date to determine whether such
waivers should be amended, continued or terminated. The waivers will expire upon
the Expiration Date unless the Trusts and Invesco have agreed to continue them.
The Exhibits will be amended to reflect any such agreement.
It is expressly agreed that the obligations of the Trusts hereunder shall
not be binding upon any of the Trustees, shareholders, nominees, officers,
agents or employees of the Trusts personally, but shall only bind the assets and
property of the Funds, as provided in each Trust's Agreement and Declaration of
Trust. The execution and delivery of this Memorandum of Agreement have been
authorized by the Trustees of each Trust, and this Memorandum of Agreement has
been executed and delivered by an authorized officer of each Trust acting as
such; neither such authorization by such Trustees nor such execution and
delivery by such officer shall be deemed to have been made by any of them
individually or to impose any liability on any of them personally, but shall
bind only the assets and property of the Funds, as provided in each Trust's
Agreement and Declaration of Trust.
IN WITNESS WHEREOF, each of the Trusts, on behalf of itself and its Funds
listed in Exhibit A and B to this Memorandum of Agreement, and Invesco have
entered into this Memorandum of Agreement as of the Effective Date on the
attached Exhibits.
AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
AIM FUNDS GROUP (INVESCO FUNDS GROUP)
AIM GROWTH SERIES (INVESCO GROWTH SERIES)
AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)
AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
AIM TREASURER'S SERIES TRUST (INVESCO TREASURER'S SERIES TRUST)
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
INVESCO CALIFORNIA INSURED MUNICIPAL INCOME TRUST
INVESCO CALIFORNIA QUALITY MUNICIPAL SECURITIES
INVESCO HIGH YIELD FUND, INC.
INVESCO INSURED CALIFORNIA MUNICIPAL SECURITIES
INVESCO INSURED MUNICIPAL BOND TRUST
INVESCO INSURED MUNICIPAL INCOME TRUST
INVESCO INSURED MUNICIPAL SECURITIES
INVESCO INSURED MUNICIPAL TRUST
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST II
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST III
INVESCO MUNICIPAL PREMIUM INCOME TRUST
INVESCO NEW YORK QUALITY MUNICIPAL SECURITIES
INVESCO PRIME INCOME TRUST
INVESCO QUALITY MUNICIPAL INCOME TRUST
INVESCO QUALITY MUNICIPAL INVESTMENT TRUST
INVESCO QUALITY MUNICIPAL SECURITIES
SHORT-TERM INVESTMENTS TRUST
on behalf of the Funds listed in the Exhibit
to this Memorandum of Agreement
By: /s/ John M. Zerr
-------------------------
Title: Senior Vice President
INVESCO ADVISERS, INC.
By: /s/ John M. Zerr
-------------------------
Title: Senior Vice President
EXHIBIT A TO ADVISORY FEE MOA
AIM EQUITY FUNDS
(INVESCO EQUITY EXPIRATION
FUNDS) WAIVER DESCRIPTION EFFECTIVE DATE DATE
------------------------ -------------------------------------------------------------- --------------- ------------
Invesco Invesco will waive advisory fees to the extent necessary 3/27/2006 12/31/2012
Constellation Fund so that advisory fees Invesco receives do not exceed the
annualized rates listed below.
0.695% of the first $250M
0.615% of the next $4B
0.595% of the next $750M
0.57% of the next $2.5B
0.545% of the next $2.5B
0.52% of the excess over $10B
AIM TAX-EXEMPT
FUNDS (INVESCO TAX- EXPIRATION
EXEMPT FUNDS) WAIVER DESCRIPTION EFFECTIVE DATE DATE
------------------------ -------------------------------------------------------------- --------------- ------------
Invesco Van Kampen Invesco will waive advisory fees in the amount of 0.10% of the 2/12/2010 6/30/2012
Intermediate Term Fund's average daily net assets
Municipal Income
Fund
Invesco Van Kampen Invesco will waive advisory fees in the amount of 0.25% of the 2/12/2010 6/30/2012
New York Tax Free Fund's average daily net assets
Income Fund
AIM TREASURER'S
SERIES TRUST
(INVESCO TREASURER'S EXPIRATION
SERIES TRUST) WAIVER DESCRIPTION EFFECTIVE DATE DATE
------------------------ -------------------------------------------------------------- --------------- ------------
Premier Portfolio Invesco will waive advisory fees in the amount of 0.07% of the 2/1/2011 12/31/2012
Fund's average daily net assets
Premier U.S. Invesco will waive advisory fees in the amount of 0.07% of the 2/1/2011 12/31/2012
Government Money Fund's average daily net assets
Portfolio
EXHIBIT "B"
AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
PORTFOLIO EFFECTIVE DATE COMMITTED UNTIL
--------- ------------------ ---------------
Invesco California Tax-Free Income Fund February 12, 2010 June 30, 2012
Invesco Core Plus Bond Fund June 2, 2009 June 30, 2012
Invesco Equally-Weighted S&P 500 Fund February 12, 2010 June 30, 2012
Invesco Floating Rate Fund July 1, 2007 June 30, 2012
Invesco S&P 500 Index Fund February 12, 2010 June 30, 2012
Invesco Select Real Estate Income Fund July 1, 2007 June 30, 2012
Invesco Structured Core Fund July 1, 2007 June 30, 2012
Invesco Van Kampen American Franchise Fund February 12, 2010 June 30, 2012
Invesco Van Kampen Equity and Income Fund February 12, 2010 June 30, 2012
Invesco Van Kampen Growth and Income Fund February 12, 2010 June 30, 2012
Invesco Van Kampen Pennsylvania Tax Free Income Fund February 12, 2010 June 30, 2012
Invesco Van Kampen Small Cap Growth Fund February 12, 2010 June 30, 2012
AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
PORTFOLIO EFFECTIVE DATE COMMITTED UNTIL
--------- ------------------ ---------------
Invesco Capital Development Fund July 1, 2007 June 30, 2012
Invesco Charter Fund July 1, 2007 June 30, 2012
Invesco Constellation Fund July 1, 2007 June 30, 2012
Invesco Disciplined Equity Fund July 14, 2009 June 30, 2012
Invesco Diversified Dividend Fund July 1, 2007 June 30, 2012
Invesco Summit Fund July 1, 2007 June 30, 2012
AIM FUNDS GROUP (INVESCO FUNDS GROUP)
FUND EFFECTIVE DATE COMMITTED UNTIL
---- ------------------ ---------------
Invesco European Small Company Fund July 1, 2007 June 30, 2012
Invesco Global Core Equity Fund July 1, 2007 June 30, 2012
Invesco International Small Company Fund July 1, 2007 June 30, 2012
Invesco Small Cap Equity Fund July 1, 2007 June 30, 2012
AIM GROWTH SERIES (INVESCO GROWTH SERIES)
FUND EFFECTIVE DATE COMMITTED UNTIL
---- ------------------ ---------------
Invesco Convertible Securities Fund February 12, 2010 June 30, 2012
Invesco Global Equity Fund July 1, 2007 June 30, 2012
Invesco Mid Cap Core Equity Fund July 1, 2007 June 30, 2012
Invesco Small Cap Growth Fund July 1, 2007 June 30, 2012
Invesco Van Kampen Leaders Fund February 12, 2010 June 30, 2012
Invesco Van Kampen U.S. Mortgage Fund February 12, 2010 June 30, 2012
AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)
FUND EFFECTIVE DATE COMMITTED UNTIL
---- ----------------- ---------------
Invesco Asia Pacific Growth Fund July 1, 2007 June 30, 2012
Invesco European Growth Fund July 1, 2007 June 30, 2012
Invesco Global Growth Fund July 1, 2007 June 30, 2012
Invesco Global Small & Mid Cap Growth Fund July 1, 2007 June 30, 2012
Invesco International Growth Fund July 1, 2007 June 30, 2012
Invesco International Core Equity Fund July 1, 2007 June 30, 2012
AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
FUND EFFECTIVE DATE COMMITTED UNTIL
---- ----------------- ---------------
Invesco Balanced-Risk Allocation Fund* May 29, 2009 June 30, 2012
Invesco Balanced-Risk Commodity Strategy Fund** November 29, 2010 June 30, 2012
Invesco China Fund July 1, 2007 June 30, 2012
Invesco Commodities Strategy Fund*** February 12, 2010 June 30, 2012
Invesco Developing Markets Fund July 1, 2007 June 30, 2012
Invesco Emerging Markets Equity Fund May 11, 2011 June 30, 2012
Invesco Emerging Market Local Currency Debt Fund June 14, 2010 June 30, 2012
Invesco Endeavor Fund July 1, 2007 June 30, 2012
Invesco Global Advantage Fund February 12, 2010 June 30, 2012
Invesco Global Health Care Fund July 1, 2007 June 30, 2012
Invesco International Total Return Fund July 1, 2007 June 30, 2012
Invesco Pacific Growth Fund February 12, 2010 June 30, 2012
Invesco Premium Income Fund December 13, 2011 June 30, 2012
Invesco Small Companies Fund July 1, 2007 June 30, 2012
AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
FUND EFFECTIVE DATE COMMITTED UNTIL
---- ----------------- ---------------
Invesco Dynamics Fund July 1, 2007 June 30, 2012
Invesco Global Real Estate Fund July 1, 2007 June 30, 2012
Invesco High Yield Fund July 1, 2007 June 30, 2012
Invesco High Yield Securities Fund February 12, 2010 June 30, 2012
Invesco Limited Maturity Treasury Fund July 1, 2007 June 30, 2012
Invesco Money Market Fund July 1, 2007 June 30, 2012
Invesco Municipal Bond Fund July 1, 2007 June 30, 2012
Invesco Real Estate Fund July 1, 2007 June 30, 2012
Invesco Short Term Bond Fund July 1, 2007 June 30, 2012
Invesco U.S. Government Fund July 1, 2007 June 30, 2012
Invesco Van Kampen Corporate Bond Fund February 12, 2010 June 30, 2012
----------
* Advisory fees to be waived by Invesco for Invesco Balanced-Risk Allocation
Fund also include advisory fees that Invesco receives on the Uninvested
Cash from the Affiliated Money Market Fund in which Invesco Cayman
Commodity Fund I, Ltd. invests.
** Advisory fees to be waived by Invesco for Invesco Balanced-Risk Commodity
Strategy Fund also include advisory fees that Invesco receives on the
Uninvested Cash from the Affiliated Money Market Fund in which Invesco
Cayman Commodity Fund III, Ltd. invests.
*** Advisory fees to be waived by Invesco for Invesco Commodities Strategy Fund
also include advisory fees that Invesco receives on the Uninvested Cash
from the Affiliated Money Market Fund in which Invesco Cayman Commodity
Fund II, Ltd. Invests.
Sub-Item 77Q1(e)
AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
FUND EFFECTIVE DATE COMMITTED UNTIL
---- ----------------- ---------------
Invesco Energy Fund July 1, 2007 June 30, 2012
Invesco Gold & Precious Metals Fund July 1, 2007 June 30, 2012
Invesco Leisure Fund July 1, 2007 June 30, 2012
Invesco Technology Fund July 1, 2007 June 30, 2012
Invesco Technology Sector Fund February 12, 2010 June 30, 2012
Invesco U.S. Mid Cap Value Fund February 12, 2010 June 30, 2012
Invesco Utilities Fund July 1, 2007 June 30, 2012
Invesco Value Fund February 12, 2010 June 30, 2012
Invesco Van Kampen American Value Fund February 12, 2010 June 30, 2012
Invesco Van Kampen Comstock Fund February 12, 2010 June 30, 2012
Invesco Van Kampen Mid Cap Growth Fund February 12, 2010 June 30, 2012
Invesco Van Kampen Small Cap Value Fund February 12, 2010 June 30, 2012
Invesco Van Kampen Value Opportunities Fund February 12, 2010 June 30, 2012
AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
FUND EFFECTIVE DATE COMMITTED UNTIL
---- ----------------- ---------------
Invesco High Income Municipal Fund July 1, 2007 June 30, 2012
Invesco Tax-Exempt Cash Fund July 1, 2007 June 30, 2012
Invesco Tax-Free Intermediate Fund July 1, 2007 June 30, 2012
Invesco Van Kampen High Yield Municipal Fund February 12, 2010 June 30, 2012
Invesco Van Kampen Intermediate Term Municipal
Income Fund February 12, 2010 June 30, 2012
Invesco Van Kampen Municipal Income Fund February 12, 2010 June 30, 2012
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
FUND EFFECTIVE DATE COMMITTED UNTIL
---- ----------------- ---------------
Invesco V.I. Balanced-Risk Allocation Fund**** December 22, 2010 June 30, 2012
Invesco V.I. Basic Value Fund July 1, 2007 June 30, 2012
Invesco V.I. Capital Appreciation Fund July 1, 2007 June 30, 2012
Invesco V.I. Capital Development Fund July 1, 2007 June 30, 2012
Invesco V.I. Core Equity Fund July 1, 2007 June 30, 2012
Invesco V.I. Diversified Income Fund July 1, 2007 June 30, 2012
Invesco V.I. Dividend Growth Fund February 12, 2010 June 30, 2012
Invesco V.I. Global Health Care Fund July 1, 2007 June 30, 2012
Invesco V.I. Global Real Estate Fund July 1, 2007 June 30, 2012
Invesco V.I. Government Securities Fund July 1, 2007 June 30, 2012
Invesco V.I. High Yield Fund July 1, 2007 June 30, 2012
Invesco V.I. High Yield Securities Fund February 12, 2010 June 30, 2012
Invesco V.I. International Growth Fund July 1, 2007 June 30, 2012
Invesco V.I. Leisure Fund July 1, 2007 June 30, 2012
Invesco V.I. Mid Cap Core Equity Fund July 1, 2007 June 30, 2012
Invesco V.I. Money Market Fund July 1, 2007 June 30, 2012
Invesco V.I. S&P 500 Index Fund February 12, 2010 June 30, 2012
Invesco V.I. Select Dimensions Equally-Weighted
S&P 500 Fund February 12, 2010 June 30, 2012
Invesco V.I. Small Cap Equity Fund July 1, 2007 June 30, 2012
Invesco V.I. Technology Fund July 1, 2007 June 30, 2012
Invesco V.I. Utilities Fund July 1, 2007 June 30, 2012
---------
**** Advisory fees to be waived by Invesco for Invesco V.I. Balanced-Risk
Allocation Fund also include an amount equal to advisory fees that Invesco
receives from any money market fund or similarly pooled cash equivalent
investment vehicle advised by Invesco and/or Invesco's affiliates in which
Invesco Cayman Commodity Fund IV, Ltd. invests.
FUND EFFECTIVE DATE COMMITTED UNTIL
---- ----------------- ---------------
Invesco Van Kampen V.I. Capital Growth Fund February 12, 2010 June 30, 2012
Invesco Van Kampen V.I. Comstock Fund February 12, 2010 June 30, 2012
Invesco Van Kampen V.I. Equity and Income Fund February 12, 2010 June 30, 2012
Invesco Van Kampen V.I. Global Value Equity Fund February 12, 2010 June 30, 2012
Invesco Van Kampen V.I. Growth and Income Fund February 12, 2010 June 30, 2012
Invesco Van Kampen V.I. Mid Cap Growth Fund February 12, 2010 June 30, 2012
Invesco Van Kampen V.I. Mid Cap Value Fund February 12, 2010 June 30, 2012
SHORT-TERM INVESTMENTS TRUST
FUND EFFECTIVE DATE COMMITTED UNTIL
---- ----------------- ---------------
Government TaxAdvantage Portfolio July 1, 2007 June 30, 2012
STIC Prime Portfolio July 1, 2007 June 30, 2012
Treasury Portfolio July 1, 2007 June 30, 2012
CLOSED-END FUNDS
FUND EFFECTIVE DATE COMMITTED UNTIL
---- ----------------- ---------------
Invesco California Insured Municipal Income Trust June 1, 2010 June 30, 2012
Invesco California Quality Municipal Securities June 1, 2010 June 30, 2012
Invesco High Yield Fund, Inc. June 1, 2010 June 30, 2012
Invesco Insured California Municipal Securities June 1, 2010 June 30, 2012
Invesco Insured Municipal Bond Trust June 1, 2010 June 30, 2012
Invesco Insured Municipal Income Trust June 1, 2010 June 30, 2012
Invesco Insured Municipal Securities June 1, 2010 June 30, 2012
Invesco Insured Municipal Trust June 1, 2010 June 30, 2012
Invesco Municipal Income Opportunities Trust June 1, 2010 June 30, 2012
Invesco Municipal Income Opportunities Trust II June 1, 2010 June 30, 2012
Invesco Municipal Income Opportunities Trust III June 1, 2010 June 30, 2012
Invesco Municipal Premium Income Trust June 1, 2010 June 30, 2012
Invesco New York Quality Municipal Securities June 1, 2010 June 30, 2012
Invesco Prime Income Trust June 1, 2010 June 30, 2012
Invesco Quality Municipal Income Trust June 1, 2010 June 30, 2012
Invesco Quality Municipal Investment Trust June 1, 2010 June 30, 2012
Invesco Quality Municipal Securities June 1, 2010 June 30, 2012
EX-99.77Q1E3
7
h86366ex77q1e3.txt
EX-99.77Q1.E.3
Sub-Item 77Q1(e)
AMENDMENT NO. 1
TO
INVESTMENT ADVISORY AGREEMENT
THIS Amendment dated January 23, 2012, amends the Investment Advisory
Agreement (the "Agreement") dated June 1, 2010, by and between the registered
investment companies as set forth on Appendix I (each, a "Fund" and
collectively, the "Funds"), as the same may be amended from time to time, and
Invesco Advisers, Inc., a Delaware corporation (the "Adviser").
RECITALS
WHEREAS, the parties agree to amend the Agreement to (i) change the name of
Invesco California Insured Municipal Income Trust, Invesco Insured California
Municipal Securities, Invesco Insured Municipal Bond Trust, Invesco Insured
Municipal Income Trust, Invesco Insured Municipal Securities and Invesco Insured
Municipal Trust to Invesco California Municipal Income Trust, Invesco California
Municipal Securities, Invesco Value Municipal Bond Trust, Invesco Value
Municipal Income Trust, Invesco Value Municipal Securities and Invesco Value
Municipal Trust, respectively, and to (ii) remove Invesco Prime Income Trust;
NOW THEREFORE, the parties agree as follows:
1. Appendix I and II are deleted in their entirety and replaced with the
following:
"APPENDIX I
FUNDS AND EFFECTIVE DATES
All of the Funds referenced below are organized as Massachusetts
business trusts.
NAME OF FUND EFFECTIVE DATE OF ADVISORY AGREEMENT
------------ ------------------------------------
Invesco California Municipal Income Trust June 1, 2010
Invesco California Quality Municipal Securities June 1, 2010
Invesco California Municipal Securities June 1, 2010
Invesco Value Municipal Bond Trust June 1, 2010
Invesco Value Municipal Income Trust June 1, 2010
Invesco Value Municipal Securities June 1, 2010
Invesco Value Municipal Trust June 1, 2010
Invesco Municipal Income Opportunities Trust June 1, 2010
Invesco Municipal Income Opportunities Trust II June 1, 2010
Invesco Municipal Income Opportunities Trust III June 1, 2010
Invesco Municipal Premium Income Trust June 1, 2010
Invesco New York Quality Municipal Securities June 1, 2010
Invesco Quality Municipal Income Trust June 1, 2010
Invesco Quality Municipal Investment Trust June 1, 2010
Invesco Quality Municipal Securities June 1, 2010
APPENDIX II
COMPENSATION TO THE ADVISER
Each Fund shall pay the Adviser, out of the assets of the Fund, as full
compensation for all services rendered, an advisory fee for such Fund set forth
below.
FUND ANNUAL RATE
---- -----------
Invesco California Municipal Income Trust 0.27% as a percentage of average weekly net assets*
Invesco California Quality Municipal Securities 0.27% as a percentage of average weekly net assets*
Invesco California Municipal Securities 0.27% as a percentage of average weekly net assets
Invesco Value Municipal Bond Trust 0.27% as a percentage of average weekly net assets*
Invesco Value Municipal Income Trust 0.27% as a percentage of average weekly net assets*
Invesco Value Municipal Securities 0.27% as a percentage of average weekly net assets
Invesco Value Municipal Trust 0.27% as a percentage of average weekly net assets*
Invesco Municipal Income Opportunities Trust 0.50% as a percentage of average weekly net assets
Invesco Municipal Income Opportunities Trust II 0.50% as a percentage of average weekly net assets
Invesco Municipal Income Opportunities Trust III 0.50% as a percentage of average weekly net assets
Invesco Municipal Premium Income Trust 0.40% as a percentage of average weekly net assets*
Invesco New York Quality Municipal Securities 0.27% as a percentage of average weekly net assets*
Invesco Quality Municipal Income Trust 0.27% as a percentage of average weekly net assets*
Invesco Quality Municipal Investment Trust 0.27% as a percentage of average weekly net assets*
Invesco Quality Municipal Securities 0.27% as a percentage of average weekly net assets*"
------------------
* For the purpose of calculating the advisory fee, the liquidation
preference of any Preferred Shares issued by the Fund will not be deducted
from the Fund's total assets. In addition, an amount up to the aggregate
amount of any other borrowings may be included in the Fund's advisory fee
calculation.
2
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed in duplicate by their respective officers on the day and year first
written above.
ON BEHALF OF EACH FUND LISTED IN APPENDIX I
Attest:
/s/ Peter Davidson By: /s/ John M. Zerr
----------------------------------- -----------------------------------
Assistant Secretary Name: John M. Zerr
Title: Senior Vice President
(SEAL)
Attest: INVESCO ADVISERS, INC.
/s/ Peter Davidson By: /s/ Todd L. Spillane
----------------------------------- -----------------------------------
Assistant Secretary Name: Todd L. Spillane
Title: Senior Vice President
(SEAL)
3
EX-99.77Q1E4
8
h86366ex77q1e4.txt
EX-99.77Q1.E.4
Sub-Item 77Q1(e)
AMENDMENT NO. 1
TO
SUB-ADVISORY CONTRACT
This Amendment dated as of January 23, 2012, amends the Sub-Advisory
Contract (the "Contract"), dated June 1, 2010, by and among Invesco Advisers,
Inc. (the "Adviser") and each of Invesco Asset Management Deutschland GmbH;
Invesco Asset Management Limited; Invesco Asset Management (Japan) Limited;
Invesco Australia Limited; Invesco Hong Kong Limited; Invesco Senior Secured
Management, Inc. and Invesco Canada Ltd. (each a "Sub-Adviser" and,
collectively, the "Sub-Advisers").
WHEREAS, the parties agree to amend the Agreement to (i) change the name of
Invesco California Insured Municipal Income Trust, Invesco Insured California
Municipal Securities, Invesco Insured Municipal Bond Trust, Invesco Insured
Municipal Income Trust, Invesco Insured Municipal Securities and Invesco Insured
Municipal Trust to Invesco California Municipal Income Trust, Invesco California
Municipal Securities, Invesco Value Municipal Bond Trust, Invesco Value
Municipal Income Trust, Invesco Value Municipal Securities and Invesco Value
Municipal Trust, respectively, and to (ii) remove Invesco Prime Income Trust;
NOW, THEREFORE, the parties agree as follows;
1. Exhibit I to the Contract is hereby deleted in its entirety and
replaced with the following:
"EXHIBIT I
FUNDS
Invesco California Insured Municipal Income Trust
Invesco California Quality Municipal Securities
Invesco Insured California Municipal Securities
Invesco Insured Municipal Bond Trust
Invesco Insured Municipal Income Trust
Invesco Insured Municipal Securities
Invesco Insured Municipal Trust
Invesco Municipal Income Opportunities Trust
Invesco Municipal Income Opportunities Trust II
Invesco Municipal Income Opportunities Trust III
Invesco Municipal Premium Income Trust
Invesco New York Quality Municipal Securities
Invesco Prime Income Trust
Invesco Quality Municipal Income Trust
Invesco Quality Municipal Investment Trust
Invesco Quality Municipal Securities"
EXHIBIT II
ADDRESSES OF SUB-ADVISERS
Invesco Asset Management Deutschland GmbH
An der Welle 5, 1st Floor
Frankfurt, Germany 60322
Invesco Asset Management Limited
30 Finsbury Square
London, United Kingdom
EC2A 1AG
ENGLAND
Invesco Asset Management (Japan) Limited
25th Floor, Shiroyama Trust Tower
3-1, Toranoman 4-chome, Minato-Ku
Tokyo, Japan 105-6025
Invesco Australia Limited
333 Collins Street, Level 26
Melbourne Victoria 3000, Australia
Invesco Hong Kong Limited
32nd Floor
Three Pacific Place
1 Queen's Road East
Hong Kong
Invesco Senior Secured Management, Inc.
1166 Avenue of the Americas, 27th Floor
New York, NY 10036
USA
Invesco Canada Ltd.
5140 Yonge Street
Suite 900
Toronto, ON, M2N 6X7
2
IN WITNESS WHEREOF, the parties hereto have caused this Contract to be
executed by their officers designated as of the day and year first above
written.
INVESCO ADVISERS, INC.
Adviser
BY: /s/ Todd L. Spillane
---------------------------------
NAME: Todd L. Spillane
TITLE: Senior Vice President
3
INVESCO ASSET MANAGEMENT INVESCO ASSET MANAGEMENT
DEUTSCHLAND GMBH LIMITED
Sub-Adviser Sub-Adviser
By: _________________________________ By: ___________________________________
Name: _______________________________ Name: _________________________________
Title: ______________________________ Title: ________________________________
INVESCO ASSET MANAGEMENT (JAPAN) INVESCO AUSTRALIA LIMITED
LIMITED
Sub-Adviser Sub-Adviser
By: _________________________________ By: ___________________________________
Name: _______________________________ Name: _________________________________
Title: ______________________________ Title: ________________________________
INVESCO HONG KONG LIMITED INVESCO SENIOR SECURED MANAGEMENT, INC.
Sub-Adviser Sub-Adviser
By: _________________________________ By: ___________________________________
Name: _______________________________ Name: _________________________________
Title: ______________________________ Title: ________________________________
INVESCO CANADA LTD.
Sub-Adviser
By: _________________________________
Name: _______________________________
Title: ______________________________
4