EX-99.(D)(3)(C) 3 tm2517765d1_ex99-xdx3xc.htm EXHIBIT 99.(D)(3)(C)

 

Exhibit 99.(d)(3)(c)

 

SCHEDULE A

(as of June 25, 2025)

 

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 12/8/22 12/9/22 4/30/26
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. 06/20/08 11/18/08 11/19/08 4/30/26
Invesco Comstock Contrarian Equity 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. 03/13/25 5/5/25 5/7/25 4/30/26
Invesco Core Fixed 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. 06/25/25 [   ] [   ] 4/30/27

 

 

 

 

Fund

 

 

 

Sub-Advisory Fee (%)

 

 

 

Initial
Board
Approval
Date
Shareholder
Approval
Date
Initial
Effective
Date
Termination
Date
Invesco Global Equity Net Zero 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. 06/25/25 [   ] [   ] 4/30/27
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 4/30/26

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 12/8/22 12/9/22 4/30/26
Invesco Intermediate Municipal 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. 06/25/25 [   ] [   ] 4/30/27
Invesco International Growth Focus 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. 03/13/25 5/5/25 6/11/25 4/30/26

 

 

 

 

Fund

 

 

 

Sub-Advisory Fee (%)

 

 

 

Initial
Board
Approval
Date
Shareholder
Approval
Date
Initial
Effective
Date
Termination
Date
Invesco Managed Futures Strategy 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. 03/13/25 3/17/25 3/19/25 4/30/26
Invesco MSCI EAFE Income Advantage 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. 06/27/24 7/15/24 7/17/24 4/30/26
Invesco QQQ Hedged Advantage 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. 03/13/25 5/5/25 5/7/25 4/30/26
Invesco QQQ Income Advantage 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. 06/27/24 7/15/24 7/17/24 4/30/26

 

 

 

 

Fund

 

 

 

Sub-Advisory Fee (%)

 

 

 

Initial
Board
Approval
Date
Shareholder
Approval
Date
Initial
Effective
Date
Termination
Date
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 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 4/30/26
Invesco Rochester High Yield Municipal 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 12/8/22 12/9/22 4/30/26
Invesco Short Duration 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. 09/15/22 12/8/22 12/9/22 4/30/26
Invesco S&P 500 Equal Weight Income Advantage 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. 06/27/24 7/15/24 7/17/24 4/30/26
Invesco SteelPath MLP & Energy Infrastructure 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 12/13/24 2/18/25 2/20/25 4/30/26

 

 

 

 

Fund

 

 

 

Sub-Advisory Fee (%)

 

 

 

Initial
Board
Approval
Date
Shareholder
Approval
Date
Initial
Effective
Date
Termination
Date
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 4/30/26
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 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 4/30/26
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 09/20/16 09/21/16 4/30/26

 

 

 

 

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 60322

 

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 14th Floor

6-10-1 Roppongi, Minato-ku

Tokyo 106-6114

 

Invesco Hong Kong Limited

45/F Jardine House

1 Connaught Place,

Central Hong Kong

 

Invesco Senior Secured Management, Inc.

225 Liberty Street

New York, NY 10281

 

Invesco Canada Ltd.

16 York Street

Suite 1200

Toronto, Ontario

Canada M5J 0E6

 

 

 

 

  INVESCO CAPITAL MANAGEMENT LLC
   
  Adviser
   
  By: /s/ Brian Hartigan
  Name: Brian Hartigan
  Title: Managing Director & Principal Executive Officer

 

 

 

 

  INVESCO ADVISERS, INC.
   
  Sub-Adviser
   
  By: /s/ Melanie Ringold
  Name: Melanie Ringold
  Title: Senior Vice President & Secretary

 

 

 

 

  INVESCO ASSET MANAGEMENT DEUTSCHLAND GMBH
   
  Sub-Adviser
   
  By: /s/Mario Mueller-Muenzner /s/ Leif Baumann
  Name: Mario Mueller-Muenzner Leif Baumann
  Title: Authorised Signatory

 

  INVESCO ASSET MANAGEMENT LIMITED
   
  Sub-Adviser
   
  By: /s/ Oliver Bilal
  Name: Oliver Bilal
  Title: Head of 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/ Richard Chow
  Name: Fanny Lee Richard Chow
  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 & Associate General Counsel
   
  INVESCO CANADA LTD.
   
  Sub-Adviser
   
  By: /s/ Shalomi Abraham
  Name: Shalomi Abraham
  Title: Secretary & Senior Vice President