EX-99.D1.R 2 h66492bexv99wd1wr.txt EX-99.D1.R AMENDMENT NO. 17 TO MASTER INVESTMENT ADVISORY AGREEMENT This amendment dated as of October 22, 2008, amends the Master Investment Advisory Agreement (the "Agreement"), dated May 1, 2000, between AIM Variable Insurance Funds, a Delaware statutory trust, and Invesco Aim Advisors, Inc., formerly A I M Advisors, Inc., a Delaware corporation. WITNESSETH: WHEREAS, the parties desire to amend the Agreement to add AIM V.I. PowerShares ETF Allocation Fund; NOW, THEREFORE, the parties agree as follows: 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 ------------ ------------------ AIM V.I. Basic Balanced Fund May 1, 2000 AIM V.I. Basic Value Fund September 10, 2001 AIM V.I. Capital Appreciation Fund May 1, 2000 AIM V.I. Capital Development Fund May 1, 2000 AIM V.I. Core Equity Fund May 1, 2000 AIM V.I. Diversified Income Fund May 1, 2000 AIM V.I. Dynamics Fund April 30, 2004 AIM V.I. Financial Services Fund April 30, 2004 AIM V.I. Global Health Care Fund April 30, 2004 AIM V.I. Global Real Estate Fund April 30, 2004 AIM V.I. Government Securities Fund May 1, 2000 AIM V.I. High Yield Fund May 1, 2000 AIM V.I. International Growth Fund May 1, 2000 AIM V.I. Large Cap Growth Fund September 1, 2003 AIM V.I. Leisure Fund April 30, 2004 AIM V.I. Mid Cap Core Equity Fund September 10, 2001 AIM V.I. Money Market Fund May 1, 2000 AIM V.I. PowerShares ETF Allocation Fund October 22, 2008 AIM V.I. Small Cap Equity Fund September 1, 2003 AIM V.I. Technology Fund April 30, 2004 AIM V.I. Utilities Fund April 30, 2004
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. AIM V.I. BASIC BALANCED FUND
NET ASSETS ANNUAL RATE ---------- ----------- First $150 million ..... 0.75% Over $150 million ...... 0.50%
AIM V.I. BASIC VALUE FUND AIM V.I. LARGE CAP GROWTH 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%
AIM V.I. CAPITAL APPRECIATION FUND AIM V.I. CORE EQUITY FUND
NET ASSETS ANNUAL RATE ---------- ----------- First $250 million ..... 0.65% Over $250 million ...... 0.60%
AIM V.I. CAPITAL DEVELOPMENT FUND
NET ASSETS ANNUAL RATE ---------- ----------- First $350 million ..... 0.75% Over $350 million ...... 0.625%
2 AIM V.I. DIVERSIFIED INCOME FUND
NET ASSETS ANNUAL RATE ---------- ----------- First $250 million ..... 0.60% Over $250 million ...... 0.55%
AIM V.I. DYNAMICS FUND AIM V.I. SMALL CAP EQUITY FUND 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%
AIM V.I. FINANCIAL SERVICES FUND AIM V.I. GLOBAL HEALTH CARE FUND AIM V.I. GLOBAL REAL ESTATE FUND AIM V.I. LEISURE FUND AIM V.I. TECHNOLOGY FUND
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%
AIM V.I. GOVERNMENT SECURITIES FUND
NET ASSETS ANNUAL RATE ---------- ----------- First $250 million ..... 0.50% Over $250 million ...... 0.45%
3 AIM 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%
AIM V.I. INTERNATIONAL GROWTH FUND
NET ASSETS ANNUAL RATE ---------- ----------- First $250 million ..... 0.75% Over $250 million ...... 0.70%
AIM 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%
AIM V.I. MONEY MARKET FUND
NET ASSETS ANNUAL RATE ---------- ----------- First $250 million ..... 0.40% Over $250 million ...... 0.35%
AIM V.I. POWERSHARES ETF ALLOCATION FUND
NET ASSETS ANNUAL RATE ---------- ----------- First $250 million...... 0.67% Next $250 million....... 0.655% Next $500 million....... 0.64% Next $1.5 billion....... 0.625% Next $2.5 billion....... 0.61% Next $2.5 billion....... 0.595% Next $2.5 billion....... 0.58% Over $10 billion........ 0.565%
AIM V.I. UTILITIES FUND 4
ANNUAL RATE All Assets.............. 0.60%"
2. In all other respects, the Agreement is hereby confirmed and remains in full force and effect. 5 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 Attest: /s/ Peter Davidson By: /s/ John M. Zerr ----------------------------- ------------------------------------ Assistant Secretary John M. Zerr Senior Vice President (SEAL) INVESCO AIM ADVISORS, INC. Attest: /s/ Peter Davidson By: /s/ John M. Zerr ----------------------------- ------------------------------------ Assistant Secretary John M. Zerr Senior Vice President (SEAL) 6