EX-99.D.1.P 3 d102659dex99d1p.htm EX-99.D.1.P EX-99.D.1.P

AMENDMENT NO. 15

TO

MASTER INVESTMENT ADVISORY AGREEMENT

This Amendment dated as of June 29, 2020, amends the Master Investment Advisory Agreement (the “Agreement”), dated November 25, 2003, between AIM International Mutual Funds (Invesco International Mutual Funds), a Delaware statutory trust, and Invesco Advisers, Inc., a Delaware corporation.

W I T N E S S E T H:

WHEREAS, the parties agree to amend the Agreement to (i) reduce the contractual advisory fee schedule for Invesco Global Responsibility Equity Fund and (ii) change the name of Invesco Global Responsibility Equity Fund to Invesco MSCI World SRI Index Fund;

NOW, THEREFORE, the parties agree that;

 

  1.

Appendix A and Appendix B to the Agreement are hereby deleted in their entirety and replaced with the following:

“Appendix A

FUNDS AND EFFECTIVE DATES

 

Name of Fund

   

Effective Date of Advisory Agreement

Invesco Advantage International Fund    May 24, 2019
Invesco Asia Pacific Growth Fund    November 25, 2003
Invesco European Growth Fund    November 25, 2003
Invesco Global Growth Fund    November 25, 2003
Invesco Global Opportunities Fund    July 30, 2012
Invesco International Select Equity Fund    December 21, 2015
Invesco International Core Equity Fund    November 25, 2003
Invesco International Growth Fund    November 25, 2003
Invesco MSCI World SRI Index Fund    June 30, 2016
Invesco Oppenheimer Global Focus Fund    May 24, 2019
Invesco Oppenheimer Global Fund    May 24, 2019
Invesco Oppenheimer Global Opportunities Fund    May 24, 2019
Invesco Oppenheimer International Equity Fund    May 24, 2019
Invesco Oppenheimer International Growth Fund    May 24, 2019
Invesco Oppenheimer International Small-Mid Company Fund    May 24, 2019
Invesco Select Opportunities Fund    July 30, 2012

Appendix B

COMPENSATION TO THE ADVISOR

The Trust shall pay the Advisor, out of the assets of a Fund, as full compensation for all services rendered, an advisory fee for such Fund set forth below. Such fee shall be calculated by applying the following annual rates to the average daily net assets of such Fund for the calendar year computed in the manner used for the determination of the net asset value of shares of such Fund.

Invesco Asia Pacific Growth Fund

Invesco European Growth Fund

Invesco International Select Equity Fund

Invesco International Growth Fund

 

Net Assets

    Annual Rate  

First $250 million

      0.935 % 

Next $ 250 million

      0.91 % 

Next $ 500 million

      0.885 % 

Next $1.5 billion

      0.86 % 

Next $2.5 billion

      0.835 % 

Next $2.5 billion

      0.81 % 

Next $2.5 billion

      0.785 % 

Over $10 billion

      0.76 % 

Invesco Global Growth Fund

Invesco Global Opportunities Fund

Invesco Select Opportunities Fund

 

Net Assets

    Annual
Rate		  

First $250 million

      0.80 % 

Next $250 million

      0.78 % 

Next $500 million

      0.76 % 

Next $1.5 billion

      0.74 % 

Next $2.5 billion

      0.72 % 

Next $2.5 billion

      0.70 % 

Next $2.5 billion

      0.68 % 

Over $ 10 billion

      0.66 % 

Invesco International Core Equity Fund

 

Net Assets

    Annual Rate  

First $500 million

      0.75 % 

Next $500 million

      0.65 % 

From $1 billion

      0.55 % 

From $2 billion

      0.45 % 

From $4 billion

      0.40 % 

From $6 billion

      0.375 % 

From $8 billion

      0.35 % 

 

2

Invesco MSCI World SRI Index Fund

 

Net Assets

    Annual Rate  

First $2billion

      0.14 % 

Over $2billion

      0.12 % 

Invesco Oppenheimer Global Focus Fund*

 

Net Assets

    Annual Rate  

First $500 million

      0.80 % 

Next $500 million

      0.75 % 

Over $1 billion

      0.72 % 

Invesco Oppenheimer Global Fund*

 

Net Assets

    Annual Rate  

First $250 million

      0.80 % 

Next $250 million

      0.77 % 

Next $500 million

      0.75 % 

Next $1 billion

      0.69 % 

Next $1.5 billion

      0.67 % 

Next $2.5 billion

      0.65 % 

Next $2.5 billion

      0.63 % 

Next $2.5 billion

      0.60 % 

Next $4 billion

      0.58 % 

Next $8 billion

      0.56 % 

Over $ 23 billion

      0.54 % 

Invesco Oppenheimer Global Opportunities Fund*

 

Net Assets

    Annual Rate  

First $250 million

      0.80 % 

Next $ 250 million

      0.77 % 

Next $ 500 million

      0.75 % 

Next $ 1 billion

      0.69 % 

Next $ 1.5 billion

      0.67 % 

Next $ 2.5 billion

      0.65 % 

Next $ 4 billion

      0.63 % 

Over $10 billion

      0.61 % 

Invesco Oppenheimer International Equity Fund*

 

Net Assets

    Annual Rate  

First $500 million

      0.85 % 

Next $500 million

      0.75 % 

Next $1 billion

      0.70 % 

Next $3 billion

      0.67 % 

Over $ 5 billion

      0.65 % 

 

*

The advisory fee payable by the Fund shall be reduced by any amounts paid by such Fund under the Administrative Services Agreement between such Fund and Invesco Advisers, Inc.

 

3

Invesco Oppenheimer International Growth Fund*

 

Net Assets

    Annual Rate  

First $250 million

      0.80 % 

Next $ 250 million

      0.77 % 

Next $ 500 million

      0.75 % 

Next $ 1 billion

      0.69 % 

Next $ 3 billion

      0.67 % 

Next $ 5 billion

      0.65 % 

Next $ 10 billion

      0.63 % 

Next $ 10 billion

      0.61 % 

Over $30 billion

      0.59 % 

Invesco Advantage International Fund

 

Net Assets

    Annual Rate**  

First $500 million

      0.49 % 

Next $500 million

      0.47 % 

Next $4 billion

      0.44 % 

Over $ 5 billion

      0.42 % 

Invesco Oppenheimer International Small-Mid Company Fund*

 

Net Assets

    Annual Rate  

First $500 million

      1.00 % 

Next $500 million

      0.95 % 

Next $4 billion

      0.92 % 

Next $5 billion

      0.90 % 

Next $10 billion

      0.88 % 

Over $ 20 billion

      0.87 %” 

 

  2.

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

 

 

*

The advisory fee payable by the Fund shall be reduced by any amounts paid by such Fund under the Administrative Services Agreement between such Fund and Invesco Advisers, Inc.

 

4

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

 

  .   AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)
Attest:  

/s/ Elizabeth Nelson

   By:  

/s/ Jeffrey H. Kupor

  Assistant Secretary     Jeffrey H. Kupor
      Chief Legal Officer, Senior Vice President & Secretary
    INVESCO ADVISERS, INC.
Attest:  

/s/ Elizabeth Nelson

   By:  

/s/ Jeffrey H. Kupor

  Assistant Secretary     Jeffrey H. Kupor
      Senior Vice President & Secretary

 

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