EX-99.D1BB 5 d670735dex99d1bb.htm EX99.D1BB EX99.D1BB

AMENDMENT NO. 27

TO

MASTER INVESTMENT ADVISORY AGREEMENT

This amendment effective as of April 29, 2013, 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 Invesco V.I. High Yield Securities 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 V.I. Balanced-Risk Allocation Fund    January 7, 2011
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. 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. Diversified Dividend Fund    February 12, 2010
Invesco V.I. S&P 500 Index Fund    February 12, 2010
Invesco V.I. Equally-Weighted S&P 500 Fund    February 12, 2010
Invesco V.I. American Franchise Fund    February 12, 2010
Invesco V.I. American Value Fund    February 12, 2010
Invesco V.I. Comstock Fund    February 12, 2010
Invesco V.I. Equity and Income Fund    February 12, 2010
Invesco V.I. Global Core Equity Fund    February 12, 2010
Invesco V.I. Growth and Income Fund    February 12, 2010
Invesco V.I. Mid Cap Growth Fund    February 12, 2010
Invesco V.I. Value Opportunities Fund    September 10, 2001

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. Value Opportunities 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 % 

Invesco V.I. Core Equity Fund

 

Net Assets

    Annual Rate  

First $250 million

      0.65 % 

Over $250 million

      0.60 % 

Invesco V.I. Diversified Income Fund

 

Net Assets

    Annual Rate  

First $250 million

      0.60 % 

Over $250 million

      0.55 % 

 

2

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. 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 % 

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 % 

 

3

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. Diversified Dividend 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 % 

Invesco V.I. Global Core 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. S&P 500 Index Fund

Invesco V.I. Equally-Weighted S&P 500 Fund

 

Net Assets

    Annual Rate  

First $2 billion

      0.12 % 

Over $2 billion

      0.10 % 

Invesco V.I. American Franchise Fund

 

Net Assets

    Annual Rate  

First $250 million

      0.695 % 

Next $250 million

      0.67 % 

Next $500 million

      0.645 % 

Next $550 million

      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 % 

 

4

Invesco V.I. Comstock Fund

Invesco V.I. Growth and Income Fund

 

Net Assets

    Annual Rate  

First $500 million

      0.60 % 

Over $500 million

      0.55 % 

Invesco 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 % 

Invesco 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 V.I. American 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.

 

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
        (INVESCO VARIABLE INSURANCE FUNDS)
Attest:  

/s/ Peter Davidson

     By:  

/s/ John M. Zerr

  Assistant Secretary       John M. Zerr
        Senior Vice President
(SEAL)        
        INVESCO ADVISERS, INC.
Attest:  

/s/ Peter Davidson

     By:  

/s/ John M. Zerr

  Assistant Secretary       John M. Zerr
        Senior Vice President
(SEAL)        

 

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