EX-99.(D)(3)(C) 4 tm2231086d1_ex99-d3c.htm EXHIBIT 99.(D)(3)(C)

Exhibit (d)(3)(c)

 

SCHEDULE A

(as of September 15, 2022)

 

Fund

 

 

 

Sub-Advisory Fee (%)

 

 

 

Initial
Board
Approval
Date
Shareholder
Approval
Date
Initial
Effective
Date
Termination
Date
Invesco AAA CLO Floating Rate Note ETF The Sub-Advisory fee, to be computed daily and paid monthly, shall be equal to (i) 40% of the monthly compensation that the Adviser receives from the Trust with respect to the Fund pursuant to its advisory agreement with the Trust, multiplied by (ii) the fraction equal to the net assets of such Fund as to which the such Sub-Adviser shall have provided discretionary investment management services pursuant to paragraph 2(a) of the Agreement for that month divided by the net assets of such Fund for that month.  This fee shall be payable on or before the last business day of the next succeeding calendar month.  In no event shall the aggregate monthly fees paid to the Sub-Advisers under this Agreement exceed 40% of the monthly compensation that the Adviser receives from the Trust pursuant to its advisory agreement with the Trust. 09/15/22 [  ] [  ] 4/30/24
Invesco Active U.S. Real Estate ETF The Sub-Advisory fee, to be computed daily and paid monthly, shall be equal to (i) 40% of the monthly compensation that the Adviser receives from the Trust with respect to the Fund pursuant to its advisory agreement with the Trust, multiplied by (ii) the fraction equal to the net assets of such Fund as to which the such Sub-Adviser shall have provided discretionary investment management services pursuant to paragraph 2(a) of the Agreement for that month divided by the net assets of such Fund for that month.  This fee shall be payable on or before the last business day of the next succeeding calendar month.  In no event shall the aggregate monthly fees paid to the Sub-Advisers under this Agreement exceed 40% of the monthly compensation that the Adviser receives from the Trust pursuant to its advisory agreement with the Trust. 6/20/08 11/18/08 11/19/08 4/30/23
Invesco Balanced Multi-Asset Allocation ETF The Sub-Advisory fee, to be computed daily and paid monthly, shall be equal to (i) 40% of the monthly compensation that the Adviser receives from the Trust with respect to the Fund pursuant to its advisory agreement with the Trust, multiplied by (ii) the fraction equal to the net assets of such Fund as to which the such Sub-Adviser shall have provided discretionary investment management services pursuant to paragraph 2(a) of the Agreement for that month divided by the net assets of such Fund for that month.  This fee shall be payable on or before the last business day of the next succeeding calendar month.  In no event shall the aggregate monthly fees paid to the Sub-Advisers under this Agreement exceed 40% of the monthly compensation that the Adviser receives from the Trust pursuant to its advisory agreement with the Trust. 12/15/16 02/16/17 02/23/17 4/30/23
Invesco Conservative Multi-Asset Allocation ETF The Sub-Advisory fee, to be computed daily and paid monthly, shall be equal to (i) 40% of the monthly compensation that the Adviser receives from the Trust with respect to the Fund pursuant to its advisory agreement with the Trust, multiplied by (ii) the fraction equal to the net assets of such Fund as to which the such Sub-Adviser shall have provided discretionary investment management services pursuant to paragraph 2(a) of the Agreement for that month divided by the net assets of such Fund for that month.  This fee shall be payable on or before the last business day of the next succeeding calendar month.  In no event shall the aggregate monthly fees paid to the Sub-Advisers under this Agreement exceed 40% of the monthly compensation that the Adviser receives from the Trust pursuant to its advisory agreement with the Trust. 12/15/16 02/16/17 02/23/17 4/30/23
Invesco Corporate Bond Factor ETF The Sub-Advisory fee, to be computed daily and paid monthly, shall be equal to (i) 40% of the monthly compensation that the Adviser receives from the Trust with respect to the Fund pursuant to its advisory agreement with the Trust, multiplied by (ii) the fraction equal to the net assets of such Fund as to which the such 12/12/19 [   ] [   ] 4/30/23

 

 

 

 

Fund

 

 

 

Sub-Advisory Fee (%)

 

 

 

Initial
Board
Approval
Date
Shareholder
Approval
Date
Initial
Effective
Date
Termination
Date
  Sub-Adviser shall have provided discretionary investment management services pursuant to paragraph 2(a) of the Agreement for that month divided by the net assets of such Fund for that month.  This fee shall be payable on or before the last business day of the next succeeding calendar month.  In no event shall the aggregate monthly fees paid to the Sub-Advisers under this Agreement exceed 40% of the monthly compensation that the Adviser receives from the Trust pursuant to its advisory agreement with the Trust.        
Invesco Focused Discovery Growth ETF The Sub-Advisory fee, to be computed daily and paid monthly, shall be equal to (i) 40% of the monthly compensation that the Adviser receives from the Trust with respect to the Fund pursuant to its advisory agreement with the Trust, multiplied by (ii) the fraction equal to the net assets of such Fund as to which the such Sub-Adviser shall have provided discretionary investment management services pursuant to paragraph 2(a) of the Agreement for that month divided by the net assets of such Fund for that month.  This fee shall be payable on or before the last business day of the next succeeding calendar month.  In no event shall the aggregate monthly fees paid to the Sub-Advisers under this Agreement exceed 40% of the monthly compensation that the Adviser receives from the Trust pursuant to its advisory agreement with the Trust. 12/15/20 12/16/20 12/18/20 4/30/23
Invesco Growth Multi-Asset Allocation ETF The Sub-Advisory fee, to be computed daily and paid monthly, shall be equal to (i) 40% of the monthly compensation that the Adviser receives from the Trust with respect to the Fund pursuant to its advisory agreement with the Trust, multiplied by (ii) the fraction equal to the net assets of such Fund as to which the such Sub-Adviser shall have provided discretionary investment management services pursuant to paragraph 2(a) of the Agreement for that month divided by the net assets of such Fund for that month.  This fee shall be payable on or before the last business day of the next succeeding calendar month.  In no event shall the aggregate monthly fees paid to the Sub-Advisers under this Agreement exceed 40% of the monthly compensation that the Adviser receives from the Trust pursuant to its advisory agreement with the Trust. 12/15/16 02/16/17 02/23/17 4/30/23
Invesco High Yield Bond Factor ETF The Sub-Advisory fee, to be computed daily and paid monthly, shall be equal to (i) 40% of the monthly compensation that the Adviser receives from the Trust with respect to the Fund pursuant to its advisory agreement with the Trust, multiplied by (ii) the fraction equal to the net assets of such Fund as to which the such Sub-Adviser shall have provided discretionary investment management services pursuant to paragraph 2(a) of the Agreement for that month divided by the net assets of such Fund for that month.  This fee shall be payable on or before the last business day of the next succeeding calendar month.  In no event shall the aggregate monthly fees paid to the Sub-Advisers under this Agreement exceed 40% of the monthly compensation that the Adviser receives from the Trust pursuant to its advisory agreement with the Trust. 12/12/19 11/24/20 12/02/20 4/30/23
Invesco High Yield Select ETF The Sub-Advisory fee, to be computed daily and paid monthly, shall be equal to (i) 40% of the monthly compensation that the Adviser receives from the Trust with respect to the Fund pursuant to its advisory agreement with the Trust, multiplied by (ii) the fraction equal to the net assets of such Fund as to which the such Sub-Adviser shall have provided discretionary investment management services pursuant to paragraph 2(a) of the Agreement for that month divided by the net assets of such Fund for that month.  This fee shall be payable on or before the last business day of the next succeeding calendar month.  In no event shall the aggregate monthly fees paid to the Sub-Advisers under this Agreement exceed 40% of the monthly compensation that the Adviser receives from the Trust pursuant to its advisory agreement with the Trust. 09/15/22 [  ] [  ] 4/30/24

 

 

 

 

Fund

 

 

 

Sub-Advisory Fee (%)

 

 

 

Initial
Board
Approval
Date
Shareholder
Approval
Date
Initial
Effective
Date
Termination
Date
Invesco Intermediate Bond Factor ETF The Sub-Advisory fee, to be computed daily and paid monthly, shall be equal to (i) 40% of the monthly compensation that the Adviser receives from the Trust with respect to the Fund pursuant to its advisory agreement with the Trust, multiplied by (ii) the fraction equal to the net assets of such Fund as to which the such Sub-Adviser shall have provided discretionary investment management services pursuant to paragraph 2(a) of the Agreement for that month divided by the net assets of such Fund for that month.  This fee shall be payable on or before the last business day of the next succeeding calendar month.  In no event shall the aggregate monthly fees paid to the Sub-Advisers under this Agreement exceed 40% of the monthly compensation that the Adviser receives from the Trust pursuant to its advisory agreement with the Trust. 12/12/19 [   ] [   ] 4/30/23

Invesco Moderately Conservative

Multi-Asset Allocation ETF

The Sub-Advisory fee, to be computed daily and paid monthly, shall be equal to (i) 40% of the monthly compensation that the Adviser receives from the Trust with respect to the Fund pursuant to its advisory agreement with the Trust, multiplied by (ii) the fraction equal to the net assets of such Fund as to which the such Sub-Adviser shall have provided discretionary investment management services pursuant to paragraph 2(a) of the Agreement for that month divided by the net assets of such Fund for that month.  This fee shall be payable on or before the last business day of the next succeeding calendar month.  In no event shall the aggregate monthly fees paid to the Sub-Advisers under this Agreement exceed 40% of the monthly compensation that the Adviser receives from the Trust pursuant to its advisory agreement with the Trust. 12/15/16 02/16/17 02/23/17 4/30/23
Invesco Multi-Sector Bond Income Factor ETF The Sub-Advisory fee, to be computed daily and paid monthly, shall be equal to (i) 40% of the monthly compensation that the Adviser receives from the Trust with respect to the Fund pursuant to its advisory agreement with the Trust, multiplied by (ii) the fraction equal to the net assets of such Fund as to which the such Sub-Adviser shall have provided discretionary investment management services pursuant to paragraph 2(a) of the Agreement for that month divided by the net assets of such Fund for that month.  This fee shall be payable on or before the last business day of the next succeeding calendar month.  In no event shall the aggregate monthly fees paid to the Sub-Advisers under this Agreement exceed 40% of the monthly compensation that the Adviser receives from the Trust pursuant to its advisory agreement with the Trust. 12/12/19 [   ] [   ] 4/30/23
Invesco Municipal Strategic Income ETF The Sub-Advisory fee, to be computed daily and paid monthly, shall be equal to (i) 40% of the monthly compensation that the Adviser receives from the Trust with respect to the Fund pursuant to its advisory agreement with the Trust, multiplied by (ii) the fraction equal to the net assets of such Fund as to which the such Sub-Adviser shall have provided discretionary investment management services pursuant to paragraph 2(a) of the Agreement for that month divided by the net assets of such Fund for that month.  This fee shall be payable on or before the last business day of the next succeeding calendar month.  In no event shall the aggregate monthly fees paid to the Sub-Advisers under this Agreement exceed 40% of the monthly compensation that the Adviser receives from the Trust pursuant to its advisory agreement with the Trust. 09/15/22 [  ] [  ] 4/30/24
Invesco Real Assets ESG ETF The Sub-Advisory fee, to be computed daily and paid monthly, shall be equal to (i) 40% of the monthly compensation that the Adviser receives from the Trust with respect to the Fund pursuant to its advisory agreement with the Trust, multiplied by (ii) the fraction equal to the net assets of such Fund as to which the such Sub-Adviser shall have provided discretionary investment management services pursuant to paragraph 2(a) of the Agreement for that month divided by the net assets of such Fund for that month.  This fee shall be payable on or before the last 12/15/20 12/16/20 12/18/20 4/30/23

 

 

 

 

Fund

 

 

 

Sub-Advisory Fee (%)

 

 

 

Initial
Board
Approval
Date
Shareholder
Approval
Date
Initial
Effective
Date
Termination
Date
  business day of the next succeeding calendar month.  In no event shall the aggregate monthly fees paid to the Sub-Advisers under this Agreement exceed 40% of the monthly compensation that the Adviser receives from the Trust pursuant to its advisory agreement with the Trust.        
Invesco Select Growth ETF The Sub-Advisory fee, to be computed daily and paid monthly, shall be equal to (i) 40% of the monthly compensation that the Adviser receives from the Trust with respect to the Fund pursuant to its advisory agreement with the Trust, multiplied by (ii) the fraction equal to the net assets of such Fund as to which the such Sub-Adviser shall have provided discretionary investment management services pursuant to paragraph 2(a) of the Agreement for that month divided by the net assets of such Fund for that month.  This fee shall be payable on or before the last business day of the next succeeding calendar month.  In no event shall the aggregate monthly fees paid to the Sub-Advisers under this Agreement exceed 40% of the monthly compensation that the Adviser receives from the Trust pursuant to its advisory agreement with the Trust. 15/15/20 12/16/20 12/18/20 4/30/23
Invesco Short Duration Bond ETF The Sub-Advisory fee, to be computed daily and paid monthly, shall be equal to (i) 40% of the monthly compensation that the Adviser receives from the Trust with respect to the Fund pursuant to its advisory agreement with the Trust, multiplied by (ii) the fraction equal to the net assets of such Fund as to which the such Sub-Adviser shall have provided discretionary investment management services pursuant to paragraph 2(a) of the Agreement for that month divided by the net assets of such Fund for that month.  This fee shall be payable on or before the last business day of the next succeeding calendar month.  In no event shall the aggregate monthly fees paid to the Sub-Advisers under this Agreement exceed 40% of the monthly compensation that the Adviser receives from the Trust pursuant to its advisory agreement with the Trust. 09/15/22 [  ] [  ] 4/30/24
Invesco Short-Term Bond Factor ETF The Sub-Advisory fee, to be computed daily and paid monthly, shall be equal to (i) 40% of the monthly compensation that the Adviser receives from the Trust with respect to the Fund pursuant to its advisory agreement with the Trust, multiplied by (ii) the fraction equal to the net assets of such Fund as to which the such Sub-Adviser shall have provided discretionary investment management services pursuant to paragraph 2(a) of the Agreement for that month divided by the net assets of such Fund for that month.  This fee shall be payable on or before the last business day of the next succeeding calendar month.  In no event shall the aggregate monthly fees paid to the Sub-Advisers under this Agreement exceed 40% of the monthly compensation that the Adviser receives from the Trust pursuant to its advisory agreement with the Trust. 12/12/19 [   ] [   ] 4/30/23
Invesco Total Return Bond ETF The Sub-Advisory fee, to be computed daily and paid monthly, shall be equal to (i) 40% of the monthly compensation that the Adviser receives from the Trust with respect to the Fund pursuant to its advisory agreement with the Trust, multiplied by (ii) the fraction equal to the net assets of such Fund as to which the such Sub-Adviser shall have provided discretionary investment management services pursuant to paragraph 2(a) of the Agreement for that month divided by the net assets of such Fund for that month.  This fee shall be payable on or before the last business day of the next succeeding calendar month.  In no event shall the aggregate monthly fees paid to the Sub-Advisers under this Agreement exceed 40% of the monthly compensation that the Adviser receives from the Trust pursuant to its advisory agreement with the Trust. 12/19/17 04/06/18 04/06/18 4/30/23
Invesco Ultra Short Duration ETF The Sub-Advisory fee, to be computed daily and paid monthly, shall be equal to (i) 40% of the monthly compensation that the Adviser receives from the Trust with respect to the Fund pursuant to its advisory agreement with the Trust, multiplied by (ii) the 12/19/17 04/06/18 04/06/18 4/30/23

 

 

 

 

Fund

 

 

 

Sub-Advisory Fee (%)

 

 

 

Initial
Board
Approval
Date
Shareholder
Approval
Date
Initial
Effective
Date
Termination
Date
  fraction equal to the net assets of such Fund as to which the such Sub-Adviser shall have provided discretionary investment management services pursuant to paragraph 2(a) of the Agreement for that month divided by the net assets of such Fund for that month.  This fee shall be payable on or before the last business day of the next succeeding calendar month.  In no event shall the aggregate monthly fees paid to the Sub-Advisers under this Agreement exceed 40% of the monthly compensation that the Adviser receives from the Trust pursuant to its advisory agreement with the Trust.        
Invesco US Large Cap Core ESG ETF The Sub-Advisory fee, to be computed daily and paid monthly, shall be equal to (i) 40% of the monthly compensation that the Adviser receives from the Trust with respect to the Fund pursuant to its advisory agreement with the Trust, multiplied by (ii) the fraction equal to the net assets of such Fund as to which the such Sub-Adviser shall have provided discretionary investment management services pursuant to paragraph 2(a) of the Agreement for that month divided by the net assets of such Fund for that month.  This fee shall be payable on or before the last business day of the next succeeding calendar month.  In no event shall the aggregate monthly fees paid to the Sub-Advisers under this Agreement exceed 40% of the monthly compensation that the Adviser receives from the Trust pursuant to its advisory agreement with the Trust. 12/15/20 12/16/20 12/18/20 4/30/23
Invesco Variable Rate Investment Grade ETF The Sub-Advisory fee, to be computed daily and paid monthly, shall be equal to (i) 40% of the monthly compensation that the Adviser receives from the Trust with respect to the Fund pursuant to its advisory agreement with the Trust, multiplied by (ii) the fraction equal to the net assets of such Fund as to which the such Sub-Adviser shall have provided discretionary investment management services pursuant to paragraph 2(a) of the Agreement for that month divided by the net assets of such Fund for that month.  This fee shall be payable on or before the last business day of the next succeeding calendar month.  In no event shall the aggregate monthly fees paid to the Sub-Advisers under this Agreement exceed 40% of the monthly compensation that the Adviser receives from the Trust pursuant to its advisory agreement with the Trust. 12/17/15 9/20/16 9/21/16 4/30/23

 

 

 

 

SCHEDULE B

 

Addresses of Sub-Advisers

 

Invesco Advisers, Inc. 

11 Greenway Plaza 

Suite 1000 

Houston, Texas 77046

 

Invesco Asset Management Deutschland GmbH 

An der Welle 5 

1st Floor 

Frankfurt, Germany 60313

 

Invesco Asset Management Limited 

Perpetual Park 

Perpetual Park Drive 

Henley-on-Thames 

Oxfordshire 

RG9 1HH 

United Kingdom

 

Invesco Asset Management (Japan) Limited 

Roppongi Hills Mori Tower 14F 

6-10-1 Roppongi, Minato-ku, Tokyo 106-6114

 

Invesco Hong Kong Limited 

41/F Champion Tower 

Three Garden Road, Central 

Hong Kong

 

Invesco Senior Secured Management, Inc. 

1166 Avenue of the Americas 

New York, NY 10036

 

Invesco Canada Ltd. 

5140 Yonge Street 

Suite 900 

Toronto, Ontario

Canada M2N 6X7

 

 

 

 

  INVESCO CAPITAL MANAGEMENT LLC
   
  Adviser
   
  By: /s/ Anna Paglia  
   
  Name: Anna Paglia
   
  Title: Managing Director

 

 

 

 

  INVESCO ADVISERS, INC.
   
  Sub-Adviser
   
  By: /s/ Jeffrey H. Kupor              
   
  Name: Jeffrey H. Kupor
   
  Title: Senior Vice President & Secretary

 

 

 

 

  INVESCO ASSET MANAGEMENT DEUTSCHLAND GMBH
   
  Sub-Adviser
   
  By:         /s/ Alexander Uhlmann    /s/ Paul Dumitrescu
   
  Name: Alexander Uhlmann Paul Dumitrescu
   
  Title: Director                                        
   
   
  INVESCO ASSET MANAGEMENT LIMITED
   
  Sub-Adviser
   
  By: /s/ Esa Kalliopuska                            
   
  Name:               Esa Kalliopuska                       
   
  Title:               COO, EMEA Distribution          

 

 

  INVESCO ASSET MANAGEMENT (JAPAN) LIMITED
   
  Sub- Adviser
   
  By:          /s/ Takashi Matsuo        
  Name:          Takashi Matsuo
   
  Title:             CAO & Head of Human Resources
   
   
  INVESCO HONG KONG LIMITED
   
  Sub- Adviser
   
  By: /s/ Fanny Lee    /s/ Anna Tong            
   
  Name: Fanny Lee        Anna Tong
   
  Title: Head of Finance, GC/ Reg Head of Investments, AP

 

 

 

 

  INVESCO SENIOR SECURED MANAGEMENT, INC.
   
  Sub-Adviser
   
  By: /s/       Antonio Reina                  
   
  Name:     Antonio Reina                     
   
  Title:                Secretary                      
   
   
  INVESCO CANADA LTD.
   
  Sub-Adviser
   
  By: /s/    Shalomi Abraham                
   
  Name:           Shalomi Abraham         
   
  Title:           Senior Vice President