EX-99.D.1.Y 5 h86392bexv99wdw1wy.htm EX-99.D.1.Y exv99wdw1wy
AMENDMENT NO. 24
TO
MASTER INVESTMENT ADVISORY AGREEMENT
     This amendment dated as of December 1, 2011, amends the Master Investment Advisory Agreement (the “Agreement”), dated May 1, 2000, between AIM Variable Insurance Funds (Invesco Variable Insurance Funds), a Delaware statutory trust, and Invesco Advisers, Inc., a Delaware corporation.
W I T N E S S E T H:
     WHEREAS, the parties desire to amend the Agreement to remove the following series portfolios: Invesco V.I. Basic Balanced Fund, Invesco V.I. Dynamics Fund, Invesco V.I. Financial Services Fund, Invesco V.I. Global Multi-Asset Fund, Invesco V.I. Large Cap Growth Fund, Invesco V.I. Global Dividend Growth Fund, Invesco V.I. Income Builder Fund, Invesco V.I. Select Dimensions Balanced Fund, Invesco V.I. Select Dimensions Dividend Growth Fund, Invesco Van Kampen V.I. Global Tactical Asset Allocation Fund, Invesco Van Kampen V.I. Government Fund, Invesco Van Kampen V.I. High Yield Fund, Invesco Van Kampen V.I. International Growth Equity Fund and Invesco Van Kampen V.I. Value 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
     
    Effective Date of
Name of Fund   Advisory Agreement
Invesco V.I. Balanced-Risk Allocation Fund
  January 7, 2011
Invesco V.I. Basic Value Fund
  September 10, 2001
Invesco V.I. Capital Appreciation Fund
  May 1, 2000
Invesco V.I. Capital Development Fund
  May 1, 2000
Invesco V.I. Core Equity Fund
  May 1, 2000
Invesco V.I. Diversified Income Fund
  May 1, 2000
Invesco V.I. Global Health Care Fund
  April 30, 2004
Invesco V.I. Global Real Estate Fund
  April 30, 2004
Invesco V.I. Government Securities Fund
  May 1, 2000
Invesco V.I. High Yield Fund
  May 1, 2000
Invesco V.I. International Growth Fund
  May 1, 2000
Invesco V.I. Leisure Fund
  April 30, 2004
Invesco V.I. Mid Cap Core Equity Fund
  September 10, 2001
Invesco V.I. Money Market Fund
  May 1, 2000
Invesco V.I. Small Cap Equity Fund
  September 1, 2003
Invesco V.I. Technology Fund
  April 30, 2004
Invesco V.I. Utilities Fund
  April 30, 2004
Invesco V.I. Dividend Growth Fund
  February 12, 2010
Invesco V.I. High Yield Securities Fund
  February 12, 2010
Invesco V.I. S&P 500 Index Fund
  February 12, 2010

 


 

     
    Effective Date of
Name of Fund   Advisory Agreement
Invesco V.I. Select Dimensions Equally-Weighted S&P 500 Fund
  February 12, 2010
Invesco Van Kampen V.I. Capital Growth Fund
  February 12, 2010
Invesco Van Kampen V.I. Comstock Fund
  February 12, 2010
Invesco Van Kampen V.I. Equity and Income Fund
  February 12, 2010
Invesco Van Kampen V.I. Global Value Equity Fund
  February 12, 2010
Invesco Van Kampen V.I. Growth and Income Fund
  February 12, 2010
Invesco Van Kampen V.I. Mid Cap Growth Fund
  February 12, 2010
Invesco Van Kampen V.I. Mid Cap Value Fund
  February 12, 2010
APPENDIX B
COMPENSATION TO THE ADVISOR
     The Trust shall pay the Adviser, 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 V.I. Balanced-Risk Allocation Fund
         
Net Assets   Annual Rate*
First $250 million
    0.95 %
Next $250 million
    0.925 %
Next $500 million
    0.90 %
Next $1.5 billion
    0.875 %
Next $2.5 billion
    0.85 %
Next $2.5 billion
    0.825 %
Next $2.5 billion
    0.80 %
Over $10 billion
    0.775 %
 
*   To the extent Invesco V.I. Balanced-Risk Allocation Fund invests its assets in Invesco Cayman Commodity Fund IV Ltd., a direct wholly-owned subsidiary of Invesco V.I. Balanced-Risk Allocation Fund, the Adviser shall not collect the portion of the advisory fee that the Adviser would otherwise be entitled to collect from Invesco V.I. Balanced-Risk Allocation Fund, in an amount equal to 100% of the advisory fee that the Adviser receives from Invesco Cayman Commodity Fund IV Ltd.
Invesco V.I. Basic Value Fund
         
Net Assets   Annual Rate
First $250 million
    0.695 %
Next $250 million
    0.67 %
Next $500 million
    0.645 %
Next $1.5 billion
    0.62 %
Next $2.5 billion
    0.595 %
Next $2.5 billion
    0.57 %
Next $2.5 billion
    0.545 %
Over $10 billion
    0.52 %

2


 

Invesco V.I. Capital Appreciation Fund
Invesco V.I. Core Equity Fund
         
Net Assets   Annual Rate
First $250 million
    0.65 %
Over $250 million
    0.60 %
Invesco V.I. Capital Development Fund
         
Net Assets   Annual Rate
First $250 million
    0.745 %
Next $100 million
    0.73 %
Over $350 million
    0.625 %
Invesco V.I. Diversified Income Fund
         
Net Assets   Annual Rate
First $250 million
    0.60 %
Over $250 million
    0.55 %
Invesco V.I. Small Cap Equity Fund
         
Net Assets   Annual Rate
First $250 million
    0.745 %
Next $250 million
    0.73 %
Next $500 million
    0.715 %
Next $1.5 billion
    0.70 %
Next $2.5 billion
    0.685 %
Next $2.5 billion
    0.67 %
Next $2.5 billion
    0.655 %
Over $10 billion
    0.64 %
Invesco V.I. Global Health Care Fund
Invesco V.I. Global Real Estate Fund
Invesco V.I. Leisure Fund
Invesco V.I. Technology Fund
         
Net Assets   Annual Rate
First $250 million
    0.75 %
Next $250 million
    0.74 %
Next $500 million
    0.73 %
Next $1.5 billion
    0.72 %
Next $2.5 billion
    0.71 %
Next $2.5 billion
    0.70 %
Next $2.5 billion
    0.69 %
Over $10 billion
    0.68 %

3


 

Invesco V.I. Government Securities Fund
         
Net Assets   Annual Rate
First $250 million
    0.50 %
Over $250 million
    0.45 %
Invesco V.I. High Yield Fund
         
Net Assets   Annual Rate
First $200 million
    0.625 %
Next $300 million
    0.55 %
Next $500 million
    0.50 %
Over $1 billion
    0.45 %
Invesco V.I. International Growth Fund
         
Net Assets   Annual Rate
First $250 million
    0.75 %
Over $250 million
    0.70 %
Invesco V.I. Mid Cap Core Equity Fund
         
Net Assets   Annual Rate
First $500 million
    0.725 %
Next $500 million
    0.700 %
Next $500 million
    0.675 %
Over $1.5 billion
    0.65 %
Invesco V.I. Money Market Fund
         
Net Assets   Annual Rate
First $250 million
    0.40 %
Over $250 million
    0.35 %
Invesco V.I. Utilities Fund
         
Net Assets   Annual Rate
All Assets
    0.60 %
Invesco V.I. Dividend Growth Fund
         
Net Assets   Annual Rate
First $250 million
    0.545 %
Next $750 million
    0.42 %
Next $1 billion
    0.395 %
Over $2 billion
    0.37 %

4


 

Invesco Van Kampen V.I. Global Value Equity Fund
         
Net Assets   Annual Rate
First $1 billion
    0.67 %
Next $500 million
    0.645 %
Next $1 billion
    0.62 %
Next $1 billion
    0.595 %
Next $1 billion
    0.57 %
Over $4.5 billion
    0.545 %
Invesco V.I. High Yield Securities Fund
         
Net Assets   Annual Rate
First $500 million
    0.42 %
Next $250 million
    0.345 %
Next $250 million
    0.295 %
Next $1 billion
    0.27 %
Next $1 billion
    0.245 %
Over $3 billion
    0.22 %
Invesco V.I. S&P 500 Index Fund
Invesco V.I. Select Dimensions Equally-Weighted S&P 500 Fund
         
Net Assets   Annual Rate
First $2 billion
    0.12 %
Over $2 billion
    0.10 %
Invesco Van Kampen V.I. Capital Growth Fund
         
Net Assets   Annual Rate
First $250 million
    0.695 %
Next $250 million
    0.67 %
Next $500 million
    0.645 %
Next $500 billion
    0.62 %
Next $3.45 billion
    0.60 %
Next $250 million
    0.595 %
Next $2.25 billion
    0.57 %
Next $2.5 billion
    0.545 %
Over $10 billion
    0.52 %
Invesco Van Kampen V.I. Comstock Fund
Invesco Van Kampen V.I. Growth and Income Fund
         
Net Assets   Annual Rate
First $500 million
    0.60 %
Over $500 million
    0.55 %
Invesco Van Kampen V.I. Equity and Income Fund
         
Net Assets   Annual Rate
First $150 million
    0.50 %
Next $100 million
    0.45 %
Next $100 million
    0.40 %
Over $350 million
    0.35 %

5


 

Invesco Van Kampen V.I. Mid Cap Growth Fund
         
Net Assets   Annual Rate
First $500 million
    0.75 %
Next $500 million
    0.70 %
Over $1 billion
    0.65 %
Invesco Van Kampen V.I. Mid Cap Value Fund
         
Net Assets   Annual Rate
First $1 billion
    0.72 %
Over $1 billion
    0.65 %”
     2. In all other respects, the Agreement is hereby confirmed and remains in full force and effect.
     IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective officers on the date first written above.
AIM VARIABLE INSURANCE FUNDS
(INVESCO VARIABLE INSURANCE FUNDS)
             
Attest:
  /s/ Peter Davidson
 
Assistant Secretary
  By:    /s/ John M. Zerr
 
  John M. Zerr
 
            Senior Vice President
(SEAL)
INVESCO ADVISERS, INC.
             
Attest:
  /s/ Peter Davidson
 
Assistant Secretary
  By:    /s/ John M. Zerr
 
  John M. Zerr
 
            Senior Vice President
(SEAL)

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