EX-99.77Q1E 3 d434923dex9977q1e.txt EX-99.77Q1E Sub-Item 77Q1(e) MEMORANDUM OF AGREEMENT (EXPENSE LIMITATIONS) This Memorandum of Agreement is entered into as of the Effective Date on the attached exhibits (the "Exhibits"), between AIM Counselor Series Trust (Invesco Counselor Series Trust), AIM Equity Funds (Invesco Equity Funds), AIM Funds Group (Invesco Funds Group), AIM Growth Series (Invesco Growth Series), AIM International Mutual Funds (Invesco International Mutual Funds), AIM Investment Funds (Invesco Investment Funds), AIM Investment Securities Funds (Invesco Investment Securities Funds), AIM Sector Funds (Invesco Sector Funds), AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds), AIM Variable Insurance Funds (Invesco Variable Insurance Funds), Invesco Management Trust, Invesco Securities Trust and Short-Term Investments Trust (each a "Trust" or, collectively, the "Trusts"), on behalf of the funds listed on the Exhibits to this Memorandum of Agreement (the "Funds"), and Invesco Advisers, Inc. ("Invesco"). Invesco shall and hereby agrees to waive fees or reimburse expenses of each Fund, on behalf of its respective classes as applicable, severally and not jointly, as indicated in the attached Exhibits. For and in consideration of the mutual terms and agreements set forth herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Trusts and Invesco agree as follows: For the Contractual Limits (listed in Exhibits A - D), Invesco agrees until at least the expiration date set forth on the attached Exhibits A - D (the "Expiration Date") that Invesco will waive its fees or reimburse expenses to the extent that expenses of a class of a Fund (excluding (i) interest; (ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary or non-routine items, including litigation expenses; and (v) expenses that each Fund has incurred but did not actually pay because of an expense offset arrangement, if applicable) exceed the rate, on an annualized basis, set forth on the Exhibits of the average daily net assets allocable to such class. Acquired fund fees and expenses are not fees or expenses incurred by a fund directly but are expenses of the investment companies in which a fund invests. These fees and expenses are incurred indirectly through the valuation of a fund's investment in these investment companies. Acquired fund fees and expenses are required to be disclosed and included in the total annual fund operating expenses in the prospectus fee table. As a result, the net total annual fund operating expenses shown in the prospectus fee table may exceed the expense limits reflected in Exhibits A - D. Neither a Trust nor Invesco may remove or amend the Contractual Limits to a Trust's detriment prior to the Expiration Date without requesting and receiving the approval of the Board of Trustees of the applicable Fund's Trust to remove or amend such Contractual Limits. Invesco will not have any right to reimbursement of any amount so waived or reimbursed. For the Contractual Limits, Invesco agrees to review the then-current expense limitations for each class of each Fund listed on the Exhibits on a date prior to the Expiration Date to determine whether such limitations should be amended, continued or terminated. The expense limitations will expire upon the Expiration Date unless Invesco has agreed to continue them. The Exhibits will be amended to reflect any such agreement. For the Voluntary Limits (listed in Exhibits A - D), Invesco agrees that these are not contractual in nature and that Invesco may establish, amend and/or terminate such expense limitations at any time in its sole discretion. Any delay or failure by Invesco to update this Memorandum of Agreement with regards to the terminations, extensions, or expirations of the Voluntary Limits shall have no effect on the term of such Voluntary Limitations; the Voluntary Limitations are listed herein for informational purposes only. It is expressly agreed that the obligations of each Trust hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the Trusts personally, but shall only bind the assets and property of each Fund, as provided in each Trust's Agreement and Declaration of Trust. The execution and delivery of this Memorandum of Agreement have been authorized by the Trustees of the Trusts, and this Memorandum of Agreement has been executed and delivered by an authorized officer of the Trusts acting as such; neither such authorization by such Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, but shall bind only the assets and property of the Funds, as provided in each Trust's Agreement and Declaration of Trust. IN WITNESS WHEREOF, each of the Trusts and Invesco have entered into this Memorandum of Agreement as of the Effective Dates on the attached Exhibits. AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST) AIM EQUITY FUNDS (INVESCO EQUITY FUNDS) AIM FUNDS GROUP (INVESCO FUNDS GROUP) AIM GROWTH SERIES (INVESCO GROWTH SERIES) AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS) AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS) AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS) AIM SECTOR FUNDS (INVESCO SECTOR FUNDS) AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS) AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS) INVESCO MANAGEMENT TRUST INVESCO SECURITIES TRUST SHORT-TERM INVESTMENTS TRUST on behalf of the Funds listed in the Exhibits to this Memorandum of Agreement By: /s/ John M. Zerr -------------------------- Title: Senior Vice President INVESCO ADVISERS, INC. By: /s/ John M. Zerr -------------------------- Title: Senior Vice President 2 EXHIBIT "A" - RETAIL FUNDS/1/ AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---- ------------ ---------- ------------------ ----------------- Invesco American Franchise Fund Class A Shares Contractual 2.00% July 1, 2013 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2013 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2013 June 30, 2018 Class R Shares Contractual 2.25% July 1, 2013 June 30, 2018 Class R5 Shares Contractual 1.75% July 1, 2013 June 30, 2018 Class R6 Shares Contractual 1.75% July 1, 2013 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2013 June 30, 2018 Invesco California Tax-Free Income Fund Class A Shares Contractual 1.50% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.00% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.00% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.25% April 4, 2017 June 30, 2018 Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2018 Invesco Core Plus Bond Fund Class A Shares Contractual 0.75% December 16, 2016 December 31, 2018 Class B Shares Contractual 1.50% December 16, 2016 December 31, 2018 Class C Shares Contractual 1.50% December 16, 2016 December 31, 2018 Class R Shares Contractual 1.00% December 16, 2016 December 31, 2018 Class R5 Shares Contractual 0.50% December 16, 2016 December 31, 2018 Class R6 Shares Contractual 0.50% December 16, 2016 December 31, 2018 Class Y Shares Contractual 0.50% December 16, 2016 December 31, 2018 Invesco Equally-Weighted S&P 500 Fund Class A Shares Contractual 2.00% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class R Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2018 Invesco Equity and Income Fund Class A Shares Contractual 1.50% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class R Shares Contractual 1.75% July 1, 2012 June 30, 2018 Class R5 Shares Contractual 1.25% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.25% September 24, 2012 June 30, 2018 Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2018 Invesco Floating Rate Fund Class A Shares Contractual 1.50% April 14, 2006 June 30, 2018 Class C Shares Contractual 2.00% April 14, 2006 June 30, 2018 Class R Shares Contractual 1.75% April 14, 2006 June 30, 2018 Class R5 Shares Contractual 1.25% April 14, 2006 June 30, 2018 Class R6 Shares Contractual 1.25% September 24, 2012 June 30, 2018 Class Y Shares Contractual 1.25% October 3, 2008 June 30, 2018 Invesco Global Real Estate Income Fund Class A Shares Contractual 2.00% July 1, 2009 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2009 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2009 June 30, 2018 Class R5 Shares Contractual 1.75% July 1, 2009 June 30, 2018 Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2018
See page 18 for footnotes to Exhibit A. 3
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---- ------------ --------------------- ------------------- ------------------ Invesco Growth and Income Fund Class A Shares Contractual 2.00% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class R Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class R5 Shares Contractual 1.75% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2018 Invesco Low Volatility Equity Yield Fund Class A Shares Contractual 2.00% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class R Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class R5 Shares Contractual 1.75% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.75% April 4, 2017 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2018 Investor Class Shares Contractual 2.00% July 1, 2012 June 30, 2018 Invesco Pennsylvania Tax Free Income Fund Class A Shares Contractual 1.50% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.25% April 4, 2017 June 30, 2018 Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2018 Invesco S&P 500 Index Fund Class A Shares Contractual 2.00% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.75% April 4, 2017 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2018 Invesco Short Duration High Yield Municipal Fund Class A Shares Contractual 0.79% September 30, 2015 December 31, 2018 Class C Shares Contractual 1.54% September 30, 2015 December 31, 2018 Class R5 Shares Contractual 0.54% September 30, 2015 December 31, 2018 Class R6 Shares Contractual 0.54% April 4, 2017 December 31, 2018 Class Y Shares Contractual 0.54% September 30, 2015 December 31, 2018 Invesco Small Cap Discovery Fund Class A Shares Contractual 2.00% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class R5 Shares Contractual 1.75% September 24, 2012 June 30, 2018 Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2018 Invesco Strategic Real Return Fund Class A Shares Contractual 0.82% less net AFFE* April 30, 2014 December 31, 2018 Class C Shares Contractual 1.57% less net AFFE* April 30, 2014 December 31, 2018 Class R Shares Contractual 1.07% less net AFFE* April 30, 2014 December 31, 2018 Class R5 Shares Contractual 0.57% less net AFFE* April 30, 2014 December 31, 2018 Class R6 Shares Contractual 0.57% less net AFFE* April 30, 2014 December 31, 2018 Class Y Shares Contractual 0.57% less net AFFE* April 30, 2014 December 31, 2018
See page 18 for footnotes to Exhibit A. 4 AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---- ------------ ---------- ------------------- --------------- Invesco Charter Fund Class A Shares Contractual 2.00% July 1, 2009 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2009 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2009 June 30, 2018 Class R Shares Contractual 2.25% July 1, 2009 June 30, 2018 Class R5 Shares Contractual 1.75% July 1, 2009 June 30, 2018 Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2018 Class S Shares Contractual 1.90% September 25, 2009 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2018 Invesco Diversified Dividend Fund Class A Shares Contractual 2.00% July 1, 2013 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2013 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2013 June 30, 2018 Class R Shares Contractual 2.25% July 1, 2013 June 30, 2018 Class R5 Shares Contractual 1.75% July 1, 2013 June 30, 2018 Class R6 Shares Contractual 1.75% July 1, 2013 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2013 June 30, 2018 Investor Class Shares Contractual 2.00% July 1, 2013 June 30, 2018 Invesco Summit Fund Class A Shares Contractual 2.00% July 1, 2009 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2009 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2009 June 30, 2018 Class P Shares Contractual 1.85% July 1, 2009 June 30, 2018 Class R5 Shares Contractual 1.75% July 1, 2009 June 30, 2018 Class R6 Shares Contractual 1.75% April 4, 2017 June 30, 2018 Class S Shares Contractual 1.90% September 25, 2009 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2018 AIM FUNDS GROUP (INVESCO FUNDS GROUP) CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---- ------------ ---------- ------------------- --------------- Invesco European Small Company Fund Class A Shares Contractual 2.25% July 1, 2009 June 30, 2018 Class B Shares Contractual 3.00% July 1, 2009 June 30, 2018 Class C Shares Contractual 3.00% July 1, 2009 June 30, 2018 Class R6 Shares Contractual 2.00% April 4, 2017 June 30, 2018 Class Y Shares Contractual 2.00% July 1, 2009 June 30, 2018 Invesco Global Core Equity Fund Class A Shares Contractual 1.22% January 1, 2017 April 30, 2019 Class B Shares Contractual 1.97% January 1, 2017 April 30, 2019 Class C Shares Contractual 1.97% January 1, 2017 April 30, 2019 Class R Shares Contractual 1.47% January 1, 2017 April 30, 2019 Class R5 Shares Contractual 0.97% January 1, 2017 April 30, 2019 Class R6 Shares Contractual 0.97% April 4, 2017 April 30, 2019 Class Y Shares Contractual 0.97% January 1, 2017 April 30, 2019 Invesco International Small Company Fund Class A Shares Contractual 2.25% July 1, 2009 June 30, 2018 Class B Shares Contractual 3.00% July 1, 2009 June 30, 2018 Class C Shares Contractual 3.00% July 1, 2009 June 30, 2018 Class R5 Shares Contractual 2.00% July 1, 2009 June 30, 2018 Class R6 Shares Contractual 2.00% September 24, 2012 June 30, 2018 Class Y Shares Contractual 2.00% July 1, 2009 June 30, 2018
See page 18 for footnotes to Exhibit A. 5
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---- ------------ --------------------- ------------------ -------------- Invesco Small Cap Equity Fund Class A Shares Contractual 2.00% July 1, 2009 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2009 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2009 June 30, 2018 Class R Shares Contractual 2.25% July 1, 2009 June 30, 2018 Class R5 Shares Contractual 1.75% July 1, 2009 June 30, 2018 Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2018 AIM GROWTH SERIES (INVESCO GROWTH SERIES) CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---- ------------ --------------------- ------------------ -------------- Invesco Alternative Strategies Fund Class A Shares Contractual 1.44% less net AFFE* January 1, 2017 April 30, 2019 Class C Shares Contractual 2.19% less net AFFE* January 1, 2017 April 30, 2019 Class R Shares Contractual 1.69% less net AFFE* January 1, 2017 April 30, 2019 Class R5 Shares Contractual 1.19% less net AFFE* January 1, 2017 April 30, 2019 Class R6 Shares Contractual 1.19% less net AFFE* January 1, 2017 April 30, 2019 Class Y Shares Contractual 1.19% less net AFFE* January 1, 2017 April 30, 2019 Invesco Balanced-Risk Retirement 2020 Fund Class A Shares Contractual 0.25% November 4, 2009 April 30, 2019 Class AX Shares Contractual 0.25% February 12, 2010 April 30, 2019 Class B Shares Contractual 1.00% November 4, 2009 April 30, 2019 Class C Shares Contractual 1.00% November 4, 2009 April 30, 2019 Class CX Shares Contractual 1.00% February 12, 2010 April 30, 2019 Class R Shares Contractual 0.50% November 4, 2009 April 30, 2019 Class R5 Shares Contractual 0.00% November 4, 2009 April 30, 2019 Class R6 Shares Contractual 0.00% September 24, 2012 April 30, 2019 Class RX Shares Contractual 0.50% February 12, 2010 April 30, 2019 Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2019 Invesco Balanced-Risk Retirement 2030 Fund Class A Shares Contractual 0.25% November 4, 2009 April 30, 2019 Class AX Shares Contractual 0.25% February 12, 2010 April 30, 2019 Class B Shares Contractual 1.00% November 4, 2009 April 30, 2019 Class C Shares Contractual 1.00% November 4, 2009 April 30, 2019 Class CX Shares Contractual 1.00% February 12, 2010 April 30, 2019 Class R Shares Contractual 0.50% November 4, 2009 April 30, 2019 Class R5 Shares Contractual 0.00% November 4, 2009 April 30, 2019 Class R6 Shares Contractual 0.00% September 24, 2012 April 30, 2019 Class RX Shares Contractual 0.50% February 12, 2010 April 30, 2019 Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2019 Invesco Balanced-Risk Retirement 2040 Fund Class A Shares Contractual 0.25% November 4, 2009 April 30, 2019 Class AX Shares Contractual 0.25% February 12, 2010 April 30, 2019 Class B Shares Contractual 1.00% November 4, 2009 April 30, 2019 Class C Shares Contractual 1.00% November 4, 2009 April 30, 2019 Class CX Shares Contractual 1.00% February 12, 2010 April 30, 2019 Class R Shares Contractual 0.50% November 4, 2009 April 30, 2019 Class R5 Shares Contractual 0.00% November 4, 2009 April 30, 2019 Class R6 Shares Contractual 0.00% September 24, 2012 April 30, 2019 Class RX Shares Contractual 0.50% February 12, 2010 April 30, 2019 Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2019
See page 18 for footnotes to Exhibit A. 6
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---- ------------ ---------- ------------------- --------------- Invesco Balanced-Risk Retirement 2050 Fund Class A Shares Contractual 0.25% November 4, 2009 April 30, 2019 Class AX Shares Contractual 0.25% February 12, 2010 April 30, 2019 Class B Shares Contractual 1.00% November 4, 2009 April 30, 2019 Class C Shares Contractual 1.00% November 4, 2009 April 30, 2019 Class CX Shares Contractual 1.00% February 12, 2010 April 30, 2019 Class R Shares Contractual 0.50% November 4, 2009 April 30, 2019 Class R5 Shares Contractual 0.00% November 4, 2009 April 30, 2019 Class R6 Shares Contractual 0.00% September 24, 2012 April 30, 2019 Class RX Shares Contractual 0.50% February 12, 2010 April 30, 2019 Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2019 Invesco Balanced-Risk Retirement Now Fund Class A Shares Contractual 0.25% November 4, 2009 April 30, 2019 Class AX Shares Contractual 0.25% February 12, 2010 April 30, 2019 Class B Shares Contractual 1.00% November 4, 2009 April 30, 2019 Class C Shares Contractual 1.00% November 4, 2009 April 30, 2019 Class CX Shares Contractual 1.00% February 12, 2010 April 30, 2019 Class R Shares Contractual 0.50% November 4, 2009 April 30, 2019 Class R5 Shares Contractual 0.00% November 4, 2009 April 30, 2019 Class R6 Shares Contractual 0.00% September 24, 2012 April 30, 2019 Class RX Shares Contractual 0.50% February 12, 2010 April 30, 2019 Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2019 Invesco Conservative Allocation Fund Class A Shares Contractual 1.50% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class R Shares Contractual 1.75% July 1, 2012 June 30, 2018 Class R5 Shares Contractual 1.25% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.25% April 4, 2017 June 30, 2018 Class S Shares Contractual 1.40% July 1, 2012 June 30, 2018 Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2018 Invesco Convertible Securities Fund Class A Shares Contractual 1.50% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class R5 Shares Contractual 1.25% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.25% September 24, 2012 June 30, 2018 Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2018 Invesco Global Low Volatility Equity Yield Fund Class A Shares Contractual 2.00% May 1, 2016 June 30, 2018 Class B Shares Contractual 2.75% May 1, 2016 June 30, 2018 Class C Shares Contractual 2.75% May 1, 2016 June 30, 2018 Class R Shares Contractual 2.25% May 1, 2016 June 30, 2018 Class R5 Shares Contractual 1.75% May 1, 2016 June 30, 2018 Class R6 Shares Contractual 1.75% April 4, 2017 June 30, 2018 Class Y Shares Contractual 1.75% May 1, 2016 June 30, 2018 Invesco Growth Allocation Fund Class A Shares Contractual 2.00% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class R Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class R5 Shares Contractual 1.75% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.75% April 4, 2017 June 30, 2018 Class S Shares Contractual 1.90% July 1, 2012 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2018
See page 18 for footnotes to Exhibit A. 7
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---- ------------ --------------------- ------------------- ------------------ Invesco Income Allocation Fund Class A Shares Contractual 0.25% May 1, 2012 April 30, 2019 Class B Shares Contractual 1.00% May 1, 2012 April 30, 2019 Class C Shares Contractual 1.00% May 1, 2012 April 30, 2019 Class R Shares Contractual 0.50% May 1, 2012 April 30, 2019 Class R5 Shares Contractual 0.00% May 1, 2012 April 30, 2019 Class R6 Shares Contractual 0.00% April 4, 2017 April 30, 2019 Class Y Shares Contractual 0.00% May 1, 2012 April 30, 2019 Invesco International Allocation Fund Class A Shares Contractual 2.25% May 1, 2012 June 30, 2018 Class B Shares Contractual 3.00% May 1, 2012 June 30, 2018 Class C Shares Contractual 3.00% May 1, 2012 June 30, 2018 Class R Shares Contractual 2.50% May 1, 2012 June 30, 2018 Class R5 Shares Contractual 2.00% May 1, 2012 June 30, 2018 Class R6 Shares Contractual 2.00% April 4, 2017 June 30, 2018 Class Y Shares Contractual 2.00% May 1, 2012 June 30, 2018 Invesco Mid Cap Core Equity Fund Class A Shares Contractual 2.00% July 1, 2009 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2009 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2009 June 30, 2018 Class R Shares Contractual 2.25% July 1, 2009 June 30, 2018 Class R5 Shares Contractual 1.75% July 1, 2009 June 30, 2018 Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2018 Invesco Moderate Allocation Fund Class A Shares Contractual 1.50% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class R Shares Contractual 1.75% July 1, 2012 June 30, 2018 Class R5 Shares Contractual 1.25% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.25% April 4, 2017 June 30, 2018 Class S Shares Contractual 1.40% July 1, 2012 June 30, 2018 Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2018 Invesco Multi-Asset Inflation Fund Class A Shares Contractual 1.02% less net AFFE* January 1, 2017 April 30, 2019 Class C Shares Contractual 1.77% less net AFFE* January 1, 2017 April 30, 2019 Class R Shares Contractual 1.27% less net AFFE* January 1, 2017 April 30, 2019 Class R5 Shares Contractual 0.77% less net AFFE* January 1, 2017 April 30, 2019 Class R6 Shares Contractual 0.77% less net AFFE* January 1, 2017 April 30, 2019 Class Y Shares Contractual 0.77% less net AFFE* January 1, 2017 April 30, 2019 Invesco Peak Retirement(TM) 2015 Fund Class A Shares Contractual 0.81% less net AFFE* December 18, 2017 December 31, 2019 Class C Shares Contractual 1.56% less net AFFE* December 18, 2017 December 31, 2019 Class R Shares Contractual 1.06% less net AFFE* December 18, 2017 December 31, 2019 Class R5 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class R6 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class Y Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Invesco Peak Retirement(TM) 2020 Fund Class A Shares Contractual 0.81% less net AFFE* December 18, 2017 December 31, 2019 Class C Shares Contractual 1.56% less net AFFE* December 18, 2017 December 31, 2019 Class R Shares Contractual 1.06% less net AFFE* December 18, 2017 December 31, 2019 Class R5 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class R6 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class Y Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019
See page 18 for footnotes to Exhibit A. 8
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---- ------------ --------------------- ------------------ ------------------ Invesco Peak Retirement(TM) 2025 Fund Class A Shares Contractual 0.81% less net AFFE* December 18, 2017 December 31, 2019 Class C Shares Contractual 1.56% less net AFFE* December 18, 2017 December 31, 2019 Class R Shares Contractual 1.06% less net AFFE* December 18, 2017 December 31, 2019 Class R5 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class R6 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class Y Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Invesco Peak Retirement(TM) 2030 Fund Class A Shares Contractual 0.81% less net AFFE* December 18, 2017 December 31, 2019 Class C Shares Contractual 1.56% less net AFFE* December 18, 2017 December 31, 2019 Class R Shares Contractual 1.06% less net AFFE* December 18, 2017 December 31, 2019 Class R5 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class R6 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class Y Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Invesco Peak Retirement(TM) 2035 Fund Class A Shares Contractual 0.81% less net AFFE* December 18, 2017 December 31, 2019 Class C Shares Contractual 1.56% less net AFFE* December 18, 2017 December 31, 2019 Class R Shares Contractual 1.06% less net AFFE* December 18, 2017 December 31, 2019 Class R5 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class R6 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class Y Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Invesco Peak Retirement(TM) 2040 Fund Class A Shares Contractual 0.81% less net AFFE* December 18, 2017 December 31, 2019 Class C Shares Contractual 1.56% less net AFFE* December 18, 2017 December 31, 2019 Class R Shares Contractual 1.06% less net AFFE* December 18, 2017 December 31, 2019 Class R5 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class R6 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class Y Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Invesco Peak Retirement(TM) 2045 Fund Class A Shares Contractual 0.81% less net AFFE* December 18, 2017 December 31, 2019 Class C Shares Contractual 1.56% less net AFFE* December 18, 2017 December 31, 2019 Class R Shares Contractual 1.06% less net AFFE* December 18, 2017 December 31, 2019 Class R5 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class R6 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class Y Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Invesco Peak Retirement(TM) 2050 Fund Class A Shares Contractual 0.81% less net AFFE* December 18, 2017 December 31, 2019 Class C Shares Contractual 1.56% less net AFFE* December 18, 2017 December 31, 2019 Class R Shares Contractual 1.06% less net AFFE* December 18, 2017 December 31, 2019 Class R5 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class R6 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class Y Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Invesco Peak Retirement(TM) 2055 Fund Class A Shares Contractual 0.81% less net AFFE* December 18, 2017 December 31, 2019 Class C Shares Contractual 1.56% less net AFFE* December 18, 2017 December 31, 2019 Class R Shares Contractual 1.06% less net AFFE* December 18, 2017 December 31, 2019 Class R5 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class R6 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class Y Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Invesco Peak Retirement(TM) 2060 Fund Class A Shares Contractual 0.81% less net AFFE* December 18, 2017 December 31, 2019 Class C Shares Contractual 1.56% less net AFFE* December 18, 2017 December 31, 2019 Class R Shares Contractual 1.06% less net AFFE* December 18, 2017 December 31, 2019 Class R5 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class R6 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class Y Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019
See page 18 for footnotes to Exhibit A. 9
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---- ------------ --------------------- ------------------- ------------------ Invesco Peak Retirement(TM) 2065 Fund Class A Shares Contractual 0.81% less net AFFE* December 18, 2017 December 31, 2019 Class C Shares Contractual 1.56% less net AFFE* December 18, 2017 December 31, 2019 Class R Shares Contractual 1.06% less net AFFE* December 18, 2017 December 31, 2019 Class R5 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class R6 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class Y Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Invesco Peak Retirement(TM) Now Fund Class A Shares Contractual 0.81% less net AFFE* December 18, 2017 December 31, 2019 Class C Shares Contractual 1.56% less net AFFE* December 18, 2017 December 31, 2019 Class R Shares Contractual 1.06% less net AFFE* December 18, 2017 December 31, 2019 Class R5 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class R6 Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Class Y Shares Contractual 0.56% less net AFFE* December 18, 2017 December 31, 2019 Invesco Quality Income Fund Class A Shares Contractual 1.50% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class R5 Shares Contractual 1.25% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.25% April 4, 2017 June 30, 2018 Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2018 Invesco Small Cap Growth Fund Class A Shares Contractual 2.00% July 1, 2009 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2009 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2009 June 30, 2018 Class R Shares Contractual 2.25% July 1, 2009 June 30, 2018 Class R5 Shares Contractual 1.75% July 1, 2009 June 30, 2018 Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2018 Investor Class Shares Contractual 2.00% July 1, 2009 June 30, 2018 AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS) CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---- ------------ --------------------- ------------------- ------------------ Invesco Asia Pacific Growth Fund Class A Shares Contractual 2.25% July 1, 2009 June 30, 2018 Class B Shares Contractual 3.00% July 1, 2009 June 30, 2018 Class C Shares Contractual 3.00% July 1, 2009 June 30, 2018 Class R6 Shares Contractual 2.00% April 4, 2017 June 30, 2018 Class Y Shares Contractual 2.00% July 1, 2009 June 30, 2018 Invesco European Growth Fund Class A Shares Contractual 2.25% July 1, 2009 June 30, 2018 Class B Shares Contractual 3.00% July 1, 2009 June 30, 2018 Class C Shares Contractual 3.00% July 1, 2009 June 30, 2018 Class R Shares Contractual 2.50% July 1, 2009 June 30, 2018 Class R6 Shares Contractual 2.00% April 4, 2017 June 30, 2018 Class Y Shares Contractual 2.00% July 1, 2009 June 30, 2018 Investor Class Shares Contractual 2.25% July 1, 2009 June 30, 2018 Invesco Global Growth Fund Class A Shares Contractual 1.22% January 1, 2017 February 28, 2019 Class B Shares Contractual 1.97% January 1, 2017 February 28, 2019 Class C Shares Contractual 1.97% January 1, 2017 February 28, 2019 Class R5 Shares Contractual 0.97% January 1, 2017 February 28, 2019 Class R6 Shares Contractual 0.97% January 1, 2017 February 28, 2019 Class Y Shares Contractual 0.97% January 1, 2017 February 28, 2019
See page 18 for footnotes to Exhibit A. 10
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---- ------------ ---------- ----------------- ------------------ Invesco Global Opportunities Fund Class A Shares Contractual 1.02% January 1, 2017 February 28, 2019 Class C Shares Contractual 1.77% January 1, 2017 February 28, 2019 Class R Shares Contractual 1.27% January 1, 2017 February 28, 2019 Class R5 Shares Contractual 0.77% January 1, 2017 February 28, 2019 Class R6 Shares Contractual 0.77% January 1, 2017 February 28, 2019 Class Y Shares Contractual 0.77% January 1, 2017 February 28, 2019 Invesco Global Small & Mid Cap Growth Fund Class A Shares Contractual 2.25% July 1, 2009 June 30, 2018 Class B Shares Contractual 3.00% July 1, 2009 June 30, 2018 Class C Shares Contractual 3.00% July 1, 2009 June 30, 2018 Class R5 Shares Contractual 2.00% July 1, 2009 June 30, 2018 Class R6 Shares Contractual 2.00% April 4, 2017 June 30, 2018 Class Y Shares Contractual 2.00% July 1, 2009 June 30, 2018 Invesco Global Responsibility Equity Fund Class A Shares Contractual 0.85% June 30, 2016 February 28, 2019 Class C Shares Contractual 1.60% June 30, 2016 February 28, 2019 Class R Shares Contractual 1.10% June 30, 2016 February 28, 2019 Class R5 Shares Contractual 0.60% June 30, 2016 February 28, 2019 Class R6 Shares Contractual 0.60% June 30, 2016 February 28, 2019 Class Y Shares Contractual 0.60% June 30, 2016 February 28, 2019 Invesco International Companies Fund Class A Shares Contractual 1.12% January 1, 2017 February 28, 2019 Class C Shares Contractual 1.87% January 1, 2017 February 28, 2019 Class R Shares Contractual 1.37% January 1, 2017 February 28, 2019 Class R5 Shares Contractual 0.87% January 1, 2017 February 28, 2019 Class R6 Shares Contractual 0.87% January 1, 2017 February 28, 2019 Class Y Shares Contractual 0.87% January 1, 2017 February 28, 2019 Invesco International Core Equity Fund Class A Shares Contractual 1.12% January 1, 2017 February 28, 2019 Class B Shares Contractual 1.87% January 1, 2017 February 28, 2019 Class C Shares Contractual 1.87% January 1, 2017 February 28, 2019 Class R Shares Contractual 1.37% January 1, 2017 February 28, 2019 Class R5 Shares Contractual 0.87% January 1, 2017 February 28, 2019 Class R6 Shares Contractual 0.87% January 1, 2017 February 28, 2019 Class Y Shares Contractual 0.87% January 1, 2017 February 28, 2019 Investor Class Shares Contractual 1.12% January 1, 2017 February 28, 2019 Invesco International Growth Fund Class A Shares Contractual 2.25% July 1, 2013 June 30, 2018 Class B Shares Contractual 3.00% July 1, 2013 June 30, 2018 Class C Shares Contractual 3.00% July 1, 2013 June 30, 2018 Class R Shares Contractual 2.50% July 1, 2013 June 30, 2018 Class R5 Shares Contractual 2.00% July 1, 2013 June 30, 2018 Class R6 Shares Contractual 2.00% July 1, 2013 June 30, 2018 Class Y Shares Contractual 2.00% July 1, 2013 June 30, 2018 Invesco Select Opportunities Fund Class A Shares Contractual 1.02% January 1, 2017 February 28, 2019 Class C Shares Contractual 1.77% January 1, 2017 February 28, 2019 Class R Shares Contractual 1.27% January 1, 2017 February 28, 2019 Class R5 Shares Contractual 0.77% January 1, 2017 February 28, 2019 Class R6 Shares Contractual 0.77% January 1, 2017 February 28, 2019 Class Y Shares Contractual 0.77% January 1, 2017 February 28, 2019
See page 18 for footnotes to Exhibit A. 11 AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---- ------------ ---------- ------------------- ------------------ Invesco All Cap Market Neutral Fund Class A Shares Contractual 1.50% January 1, 2017 February 28, 2019 Class C Shares Contractual 2.25% January 1, 2017 February 28, 2019 Class R Shares Contractual 1.75% January 1, 2017 February 28, 2019 Class R5 Shares Contractual 1.25% January 1, 2017 February 28, 2019 Class R6 Shares Contractual 1.25% January 1, 2017 February 28, 2019 Class Y Shares Contractual 1.25% January 1, 2017 February 28, 2019 Invesco Balanced-Risk Allocation Fund/2/ Class A Shares Contractual 2.00% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class R Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class R5 Shares Contractual 1.75% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2018 Invesco Balanced-Risk Commodity Strategy Fund/3/ Class A Shares Contractual 2.00% July 1, 2014 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2014 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2014 June 30, 2018 Class R Shares Contractual 2.25% July 1, 2014 June 30, 2018 Class R5 Shares Contractual 1.75% July 1, 2014 June 30, 2018 Class R6 Shares Contractual 1.75% July 1, 2014 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2014 June 30, 2018 Invesco Developing Markets Fund Class A Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class B Shares Contractual 3.00% July 1, 2012 June 30, 2018 Class C Shares Contractual 3.00% July 1, 2012 June 30, 2018 Class R5 Shares Contractual 2.00% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 2.00% September 24, 2012 June 30, 2018 Class Y Shares Contractual 2.00% July 1, 2012 June 30, 2018 Invesco Emerging Markets Equity Fund Class A Shares Contractual 1.33% January 1, 2017 February 28, 2019 Class C Shares Contractual 2.08% January 1, 2017 February 28, 2019 Class R Shares Contractual 1.58% January 1, 2017 February 28, 2019 Class R5 Shares Contractual 1.08% January 1, 2017 February 28, 2019 Class R6 Shares Contractual 1.08% January 1, 2017 February 28, 2019 Class Y Shares Contractual 1.08% January 1, 2017 February 28, 2019 Invesco Emerging Markets Flexible Bond Fund Class A Shares Contractual 1.24% June 14, 2010 February 28, 2019 Class B Shares Contractual 1.99% June 14, 2010 February 28, 2019 Class C Shares Contractual 1.99% June 14, 2010 February 28, 2019 Class R Shares Contractual 1.49% June 14, 2010 February 28, 2019 Class R5 Shares Contractual 0.99% June 14, 2010 February 28, 2019 Class R6 Shares Contractual 0.99% September 24, 2012 February 28, 2019 Class Y Shares Contractual 0.99% June 14, 2010 February 28, 2019
See page 18 for footnotes to Exhibit A. 12
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---- ------------ ---------- ------------------- ------------------ Invesco Endeavor Fund Class A Shares Contractual 2.00% July 1, 2009 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2009 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2009 June 30, 2018 Class R Shares Contractual 2.25% July 1, 2009 June 30, 2018 Class R5 Shares Contractual 1.75% July 1, 2009 June 30, 2018 Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2018 Invesco Global Health Care Fund Class A Shares Contractual 2.00% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.75% July 1, 2012 June 30, 2018 Class Y Shares Contractual 1.75% April 4, 2017 June 30, 2018 Investor Class Shares Contractual 2.00% July 1, 2012 June 30, 2018 Invesco Global Infrastructure Fund Class A Shares Contractual 1.28% January 1, 2017 February 28, 2019 Class C Shares Contractual 2.03% January 1, 2017 February 28, 2019 Class R Shares Contractual 1.53% January 1, 2017 February 28, 2019 Class R5 Shares Contractual 1.03% January 1, 2017 February 28, 2019 Class R6 Shares Contractual 1.03% January 1, 2017 February 28, 2019 Class Y Shares Contractual 1.03% January 1, 2017 February 28, 2019 Invesco Global Market Neutral Fund Class A Shares Contractual 1.50% January 1, 2017 February 28, 2019 Class C Shares Contractual 2.25% January 1, 2017 February 28, 2019 Class R Shares Contractual 1.75% January 1, 2017 February 28, 2019 Class R5 Shares Contractual 1.25% January 1, 2017 February 28, 2019 Class R6 Shares Contractual 1.25% January 1, 2017 February 28, 2019 Class Y Shares Contractual 1.25% January 1, 2017 February 28, 2019 Invesco Global Targeted Returns Fund/4/ Class A Shares Contractual 1.44% less net AFFE* January 1, 2017 February 28, 2019 Class C Shares Contractual 2.19% less net AFFE* January 1, 2017 February 28, 2019 Class R Shares Contractual 1.69% less net AFFE* January 1, 2017 February 28, 2019 Class R5 Shares Contractual 1.19% less net AFFE* January 1, 2017 February 28, 2019 Class R6 Shares Contractual 1.19% less net AFFE* January 1, 2017 February 28, 2019 Class Y Shares Contractual 1.19% less net AFFE* January 1, 2017 February 28, 2019 Invesco Greater China Fund Class A Shares Contractual 2.25% July 1, 2009 June 30, 2018 Class B Shares Contractual 3.00% July 1, 2009 June 30, 2018 Class C Shares Contractual 3.00% July 1, 2009 June 30, 2018 Class R5 Shares Contractual 2.00% July 1, 2009 June 30, 2018 Class R6 Shares Contractual 2.00% April 4, 2017 June 30, 2018 Class Y Shares Contractual 2.00% July 1, 2009 June 30, 2018 Invesco Long/Short Equity Fund Class A Shares Contractual 1.59% January 1, 2017 February 28, 2019 Class C Shares Contractual 2.34% January 1, 2017 February 28, 2019 Class R Shares Contractual 1.84% January 1, 2017 February 28, 2019 Class R5 Shares Contractual 1.34% January 1, 2017 February 28, 2019 Class R6 Shares Contractual 1.34% January 1, 2017 February 28, 2019 Class Y Shares Contractual 1.34% January 1, 2017 February 28, 2019
See page 18 for footnotes to Exhibit A. 13
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---- ------------ ---------- ------------------ ------------------ Invesco Low Volatility Emerging Markets Fund Class A Shares Contractual 1.33% January 1, 2017 February 28, 2019 Class C Shares Contractual 2.08% January 1, 2017 February 28, 2019 Class R Shares Contractual 1.58% January 1, 2017 February 28, 2019 Class R5 Shares Contractual 1.08% January 1, 2017 February 28, 2019 Class R6 Shares Contractual 1.08% January 1, 2017 February 28, 2019 Class Y Shares Contractual 1.08% January 1, 2017 February 28, 2019 Invesco MLP Fund Class A Shares Contractual 1.28% January 1, 2017 February 28, 2019 Class C Shares Contractual 2.03% January 1, 2017 February 28, 2019 Class R Shares Contractual 1.53% January 1, 2017 February 28, 2019 Class R5 Shares Contractual 1.03% January 1, 2017 February 28, 2019 Class R6 Shares Contractual 1.03% January 1, 2017 February 28, 2019 Class Y Shares Contractual 1.03% January 1, 2017 February 28, 2019 Invesco Macro Allocation Strategy Fund/5/ Class A Shares Contractual 1.44% January 1, 2017 February 28, 2019 Class C Shares Contractual 2.19% January 1, 2017 February 28, 2019 Class R Shares Contractual 1.69% January 1, 2017 February 28, 2019 Class R5 Shares Contractual 1.19% January 1, 2017 February 28, 2019 Class R6 Shares Contractual 1.19% January 1, 2017 February 28, 2019 Class Y Shares Contractual 1.19% January 1, 2017 February 28, 2019 Invesco Multi-Asset Income Fund Class A Shares Contractual 0.85% January 1, 2017 February 28, 2019 Class C Shares Contractual 1.60% January 1, 2017 February 28, 2019 Class R Shares Contractual 1.10% January 1, 2017 February 28, 2019 Class R5 Shares Contractual 0.60% January 1, 2017 February 28, 2019 Class R6 Shares Contractual 0.60% January 1, 2017 February 28, 2019 Class Y Shares Contractual 0.60% January 1, 2017 February 28, 2019 Invesco Pacific Growth Fund Class A Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class B Shares Contractual 3.00% July 1, 2012 June 30, 2018 Class C Shares Contractual 3.00% July 1, 2012 June 30, 2018 Class R Shares Contractual 2.50% July 1, 2012 June 30, 2018 Class R5 Shares Contractual 2.00% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 2.00% April 4, 2017 June 30, 2018 Class Y Shares Contractual 2.00% July 1, 2012 June 30, 2018 Invesco Select Companies Fund Class A Shares Contractual 2.00% July 1, 2009 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2009 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2009 June 30, 2018 Class R Shares Contractual 2.25% July 1, 2009 June 30, 2018 Class R5 Shares Contractual 1.75% July 1, 2009 June 30, 2018 Class R6 Shares Contractual 1.75% April 4, 2017 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2018 Invesco U.S. Managed Volatility Fund Class R6 Shares Contractual 0.15% December 18, 2017 December 31, 2019 Invesco World Bond Fund Class A Shares Contractual 0.94% December 1, 2016 February 28, 2019 Class B Shares Contractual 1.69% December 1, 2016 February 28, 2019 Class C Shares Contractual 1.69% December 1, 2016 February 28, 2019 Class R5 Shares Contractual 0.69% December 1, 2016 February 28, 2019 Class R6 Shares Contractual 0.69% December 1, 2016 February 28, 2019 Class Y Shares Contractual 0.69% December 1, 2016 February 28, 2019
See page 18 for footnotes to Exhibit A. 14 AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---- ------------ ---------- ------------------- -------------- Invesco Corporate Bond Fund Class A Shares Contractual 1.50% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class R Shares Contractual 1.75% July 1, 2012 June 30, 2018 Class R5 Shares Contractual 1.25% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.25% September 24, 2012 June 30, 2018 Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2018 Invesco Global Real Estate Fund Class A Shares Contractual 2.00% July 1, 2009 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2009 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2009 June 30, 2018 Class R Shares Contractual 2.25% July 1, 2009 June 30, 2018 Class R5 Shares Contractual 1.75% July 1, 2009 June 30, 2018 Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2018 Invesco High Yield Fund Class A Shares Contractual 1.50% July 1, 2013 June 30, 2018 Class B Shares Contractual 2.25% July 1, 2013 June 30, 2018 Class C Shares Contractual 2.25% July 1, 2013 June 30, 2018 Class R5 Shares Contractual 1.25% July 1, 2013 June 30, 2018 Class R6 Shares Contractual 1.25% July 1, 2013 June 30, 2018 Class Y Shares Contractual 1.25% July 1, 2013 June 30, 2018 Investor Class Shares Contractual 1.50% July 1, 2013 June 30, 2018 Invesco Short Duration Inflation Protected Fund Class A Shares Contractual 0.55% December 31, 2015 June 30, 2018 Class A2 Shares Contractual 0.45% December 31, 2015 June 30, 2018 Class R5 Shares Contractual 0.30% December 31, 2015 June 30, 2018 Class R6 Shares Contractual 0.30% December 31, 2015 June 30, 2018 Class Y Shares Contractual 0.30% December 31, 2015 June 30, 2018 Invesco Real Estate Fund Class A Shares Contractual 2.00% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class R Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class R5 Shares Contractual 1.75% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2018 Investor Class Shares Contractual 2.00% July 1, 2012 June 30, 2018 Invesco Short Term Bond Fund Class A Shares Contractual 1.40% July 1, 2013 June 30, 2018 Class C Shares Contractual 1.75%/6/ July 1, 2013 June 30, 2018 Class R Shares Contractual 1.75% July 1, 2013 June 30, 2018 Class R5 Shares Contractual 1.25% July 1, 2013 June 30, 2018 Class R6 Shares Contractual 1.25% July 1, 2013 June 30, 2018 Class Y Shares Contractual 1.25% July 1, 2013 June 30, 2018 Invesco U.S. Government Fund Class A Shares Contractual 1.50% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class R Shares Contractual 1.75% July 1, 2012 June 30, 2018 Class R5 Shares Contractual 1.25% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.25% April 4, 2017 June 30, 2018 Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2018 Investor Class Shares Contractual 1.50% July 1, 2012 June 30, 2018
See page 18 for footnotes to Exhibit A. 15 AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---- --------------- ---------- ---------------------- ----------------- Invesco American Value Fund Class A Shares Contractual 2.00% July 1, 2013 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2013 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2013 June 30, 2018 Class R Shares Contractual 2.25% July 1, 2013 June 30, 2018 Class R5 Shares Contractual 1.75% July 1, 2013 June 30, 2018 Class R6 Shares Contractual 1.75% July 1, 2013 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2013 June 30, 2018 Invesco Comstock Fund Class A Shares Contractual 2.00% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class R Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class R5 Shares Contractual 1.75% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.75% September 24, 2012 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2018 Invesco Energy Fund Class A Shares Contractual 2.00% July 1, 2009 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2009 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2009 June 30, 2018 Class R5 Shares Contractual 1.75% July 1, 2009 June 30, 2018 Class R6 Shares Contractual 1.75% April 4, 2017 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2018 Investor Class Shares Contractual 2.00% July 1, 2009 June 30, 2018 Invesco Dividend Income Fund Class A Shares Contractual 2.00% September 1, 2016 June 30, 2018 Class B Shares Contractual 2.75% September 1, 2016 June 30, 2018 Class C Shares Contractual 2.75% September 1, 2016 June 30, 2018 Class R5 Shares Contractual 1.75% September 1, 2016 June 30, 2018 Class R6 Shares Contractual 1.75% September 1, 2016 June 30, 2018 Class Y Shares Contractual 1.75% September 1, 2016 June 30, 2018 Investor Class Shares Contractual 2.00% September 1, 2016 June 30, 2018 Invesco Gold & Precious Metals Fund Class A Shares Contractual 2.00% July 1, 2009 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2009 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2009 June 30, 2018 Class R6 Shares Contractual 1.75% April 4, 2017 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2018 Investor Class Shares Contractual 2.00% July 1, 2009 June 30, 2018 Invesco Mid Cap Growth Fund Class A Shares Contractual 2.00% August 1, 2015 June 30, 2018 Class B Shares Contractual 2.75% August 1, 2015 June 30, 2018 Class C Shares Contractual 2.75% August 1, 2015 June 30, 2018 Class R Shares Contractual 2.25% August 1, 2015 June 30, 2018 Class R5 Shares Contractual 1.75% August 1, 2015 June 30, 2018 Class R6 Shares Contractual 1.75% August 1, 2015 June 30, 2018 Class Y Shares Contractual 1.75% August 1, 2015 June 30, 2018 Invesco Small Cap Value Fund Class A Shares Contractual 2.00% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.75% February 7, 2017 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2018
See page 18 for footnotes to Exhibit A. 16
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---- ------------ ---------- ------------------ -------------- Invesco Technology Fund Class A Shares Contractual 2.00% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class R5 Shares Contractual 1.75% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.75% April 4, 2017 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2018 Investor Class Shares Contractual 2.00% July 1, 2012 June 30, 2018 Invesco Technology Sector Fund Class A Shares Contractual 2.00% February 12, 2010 June 30, 2018 Class B Shares Contractual 2.75% February 12, 2010 June 30, 2018 Class C Shares Contractual 2.75% February 12, 2010 June 30, 2018 Class Y Shares Contractual 1.75% February 12, 2010 June 30, 2018 Invesco Value Opportunities Fund Class A Shares Contractual 2.00% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.75% July 1, 2012 June 30, 2018 Class R Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class R5 Shares Contractual 1.75% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.75% April 4, 2017 June 30, 2018 Class Y Shares Contractual 1.75% July 1, 2012 June 30, 2018 AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS) Contractual/ Expense Effective Date of Expiration Fund Voluntary Limitation Current Limit Date ---- ------------ ---------- ------------------ -------------- Invesco High Yield Municipal Fund Class A Shares Contractual 1.50% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class R5 Shares Contractual 1.25% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.25% April 4, 2017 June 30, 2018 Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2018 Invesco Intermediate Term Municipal Income Fund Class A Shares Contractual 0.84% July 1, 2016 June 30, 2018 Class B Shares Contractual 1.59% July 1, 2016 June 30, 2018 Class C Shares Contractual 1.59% July 1, 2016 June 30, 2018 Class R6 Shares Contractual 0.59% April 4, 2017 June 30, 2018 Class Y Shares Contractual 0.59% July 1, 2016 June 30, 2018 Invesco Municipal Income Fund Class A Shares Contractual 1.50% July 1, 2013 June 30, 2018 Class B Shares Contractual 2.25% July 1, 2013 June 30, 2018 Class C Shares Contractual 2.25% July 1, 2013 June 30, 2018 Class R6 Shares Contractual 1.25% April 4, 2017 June 30, 2018 Class Y Shares Contractual 1.25% July 1, 2013 June 30, 2018 Investor Class Contractual 1.50% July 15, 2013 June 30, 2018 Invesco New York Tax Free Income Fund Class A Shares Contractual 1.50% July 1, 2012 June 30, 2018 Class B Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.25% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.25% April 4, 2017 June 30, 2018 Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2018
See page 18 for footnotes to Exhibit A. 17
Contractual/ Expense Effective Date of Expiration Fund Voluntary Limitation Current Limit Date ---- ------------ ---------- ----------------- ------------------ Invesco Limited Term Municipal Income Fund Class A Shares Contractual 1.50% July 1, 2012 June 30, 2018 Class A2 Shares Contractual 1.25% July 1, 2012 June 30, 2018 Class C Shares Contractual 2.25% June 30, 2013 June 30, 2018 Class R5 Shares Contractual 1.25% July 1, 2012 June 30, 2018 Class R6 Shares Contractual 1.25% April 4, 2017 June 30, 2018 Class Y Shares Contractual 1.25% July 1, 2012 June 30, 2018 INVESCO MANAGEMENT TRUST CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---- ------------ ---------- ----------------- ------------------ Invesco Conservative Income Fund Institutional Class Contractual 0.30% January 1, 2018 December 31, 2018 INVESCO SECURITIES TRUST CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---- ------------ ---------- ----------------- ------------------ Invesco Balanced-Risk Aggressive Allocation Fund Contractual 0.94% January 1, 2017 February 28, 2019
* ACQUIRED FUND FEES AND EXPENSES ("AFFE") WILL BE CALCULATED AS OF THE FUND'S FISCAL YEAR END ACCORDING TO INSTRUCTION 3(F) OF ITEM 3 OF FORM N-1A. "NET AFFE" WILL BE CALCULATED BY SUBTRACTING ANY WAIVERS BY INVESCO ASSOCIATED WITH INVESTMENTS IN AFFILIATED FUNDS, SUCH AS INVESTMENTS IN AFFILIATED MONEY MARKET FUNDS, FROM THE AFFE CALCULATED IN ACCORDANCE WITH THE PRECEDING SENTENCE. FOR CLARITY, THE NET AFFE CALCULATED AS OF THE FUND'S FISCAL YEAR END WILL BE USED THROUGHOUT THE WAIVER PERIOD IN ESTABLISHING THE FUND'S WAIVER AMOUNT, REGARDLESS OF WHETHER ACTUAL AFFE IS MORE OR LESS DURING THE WAIVER PERIOD. /1/ The total operating expenses of any class of shares established after the date of this Memorandum of Agreement will be limited to the amount established for Class A Shares plus the difference between the new class 12b-1 rate and the Class A 12b-1 rate. /2/ Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund I, Ltd. /3/ Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund III, Ltd. /4/ Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund VII, Ltd. /5/ Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund V, Ltd. /6/ The expense limit shown is the expense limit after Rule 12b-1 fee waivers by Invesco Distributors, Inc. 18 EXHIBIT "B" - INSTITUTIONAL MONEY MARKET FUNDS/1,2/ SHORT-TERM INVESTMENTS TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---- ------------ ---------- ----------------- ------------------ Invesco Government & Agency Portfolio Cash Management Class Contractual 0.26% June 1, 2016 December 31, 2018 Corporate Class Contractual 0.21% June 1, 2016 December 31, 2018 Institutional Class Contractual 0.18% June 1, 2016 December 31, 2018 Personal Investment Class Contractual 0.73% June 1, 2016 December 31, 2018 Private Investment Class Contractual 0.48% June 1, 2016 December 31, 2018 Reserve Class Contractual 1.05% June 1, 2016 December 31, 2018 Resource Class Contractual 0.34% June 1, 2016 December 31, 2018 Invesco Liquid Assets Portfolio Cash Management Class Contractual 0.26% June 1, 2016 December 31, 2018 Corporate Class Contractual 0.21% June 1, 2016 December 31, 2018 Institutional Class Contractual 0.18% June 1, 2016 December 31, 2018 Personal Investment Class Contractual 0.73% June 1, 2016 December 31, 2018 Private Investment Class Contractual 0.48% June 1, 2016 December 31, 2018 Reserve Class Contractual 1.05% June 1, 2016 December 31, 2018 Resource Class Contractual 0.38% June 1, 2016 December 31, 2018 Invesco STIC Prime Portfolio Cash Management Class Contractual 0.26% June 1, 2016 December 31, 2018 Corporate Class Contractual 0.21% June 1, 2016 December 31, 2018 Institutional Class Contractual 0.18% June 1, 2016 December 31, 2018 Personal Investment Class Contractual 0.73% June 1, 2016 December 31, 2018 Private Investment Class Contractual 0.48% June 1, 2016 December 31, 2018 Reserve Class Contractual 1.05% June 1, 2016 December 31, 2018 Resource Class Contractual 0.34% June 1, 2016 December 31, 2018 Invesco Tax-Free Cash Reserve Portfolio/2/ Cash Management Class Contractual 0.28% June 1, 2016 December 31, 2018 Corporate Class Contractual 0.23% June 1, 2016 December 31, 2018 Institutional Class Contractual 0.20% June 1, 2016 December 31, 2018 Personal Investment Class Contractual 0.75% June 1, 2016 December 31, 2018 Private Investment Class Contractual 0.45% June 1, 2016 December 31, 2018 Reserve Class Contractual 1.07% June 1, 2016 December 31, 2018 Resource Class Contractual 0.36% June 1, 2016 December 31, 2018 Invesco Treasury Obligations Portfolio Cash Management Class Contractual 0.26% June 1, 2016 December 31, 2018 Corporate Class Contractual 0.21% June 1, 2016 December 31, 2018 Institutional Class Contractual 0.18% June 1, 2016 December 31, 2018 Personal Investment Class Contractual 0.73% June 1, 2016 December 31, 2018 Private Investment Class Contractual 0.43% June 1, 2016 December 31, 2018 Reserve Class Contractual 1.05% June 1, 2016 December 31, 2018 Resource Class Contractual 0.34% June 1, 2016 December 31, 2018 Invesco Treasury Portfolio Cash Management Class Contractual 0.26% June 1, 2016 December 31, 2018 Corporate Class Contractual 0.21% June 1, 2016 December 31, 2018 Institutional Class Contractual 0.18% June 1, 2016 December 31, 2018 Personal Investment Class Contractual 0.73% June 1, 2016 December 31, 2018 Private Investment Class Contractual 0.48% June 1, 2016 December 31, 2018 Reserve Class Contractual 1.05% June 1, 2016 December 31, 2018 Resource Class Contractual 0.34% June 1, 2016 December 31, 2018
/1/ The expense rate excluding 12b-1 fees of any class of shares established after the date of this Memorandum of Agreement will be the same as existing classes. /2/ The expense limitation also excludes Trustees' fees and federal registration expenses. 19 EXHIBIT "C" - VARIABLE INSURANCE FUNDS AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---- ------------ --------------------- ----------------- --------------- Invesco V.I. American Franchise Fund Series I Shares Contractual 2.00% July 1, 2014 June 30, 2018 Series II Shares Contractual 2.25% July 1, 2014 June 30, 2018 Invesco V.I. American Value Fund Series I Shares Contractual 2.00% July 1, 2012 June 30, 2018 Series II Shares Contractual 2.25% July 1, 2012 June 30, 2018 Invesco V.I. Balanced-Risk Allocation Fund/1/ Series I Shares Contractual 0.80% less net AFFE* May 1, 2014 April 30, 2019 Series II Shares Contractual 1.05% less net AFFE* May 1, 2014 April 30, 2019 Invesco V.I. Comstock Fund Series I Shares Contractual 0.78% May 1, 2013 April 30, 2019 Series II Shares Contractual 1.03% May 1, 2013 April 30, 2019 Invesco V.I. Core Equity Fund Series I Shares Contractual 2.00% May 1, 2013 June 30, 2018 Series II Shares Contractual 2.25% May 1, 2013 June 30, 2018 Invesco V.I. Core Plus Bond Fund Series I Shares Contractual 0.61% April 30, 2015 April 30, 2019 Series II Shares Contractual 0.86% April 30, 2015 April 30, 2019 Invesco V.I. Diversified Dividend Fund Series I Shares Contractual 2.00% May 1, 2013 June 30, 2018 Series II Shares Contractual 2.25% May 1, 2013 June 30, 2018 Invesco V.I. Equally-Weighted S&P 500 Fund Series I Shares Contractual 2.00% July 1, 2012 June 30, 2018 Series II Shares Contractual 2.25% July 1, 2012 June 30, 2018 Invesco V.I. Equity and Income Fund Series I Shares Contractual 1.50% July 1, 2012 June 30, 2018 Series II Shares Contractual 1.75% July 1, 2012 June 30, 2018 Invesco V.I. Global Core Equity Fund Series I Shares Contractual 2.25% July 1, 2012 June 30, 2018 Series II Shares Contractual 2.50% July 1, 2012 June 30, 2018 Invesco V.I. Global Health Care Fund Series I Shares Contractual 2.00% May 1. 2013 June 30, 2018 Series II Shares Contractual 2.25% May 1, 2013 June 30, 2018 Invesco V.I. Global Real Estate Fund Series I Shares Contractual 2.00% May 1. 2013 June 30, 2018 Series II Shares Contractual 2.25% May 1, 2013 June 30, 2018
/1/ Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund IV, Ltd. 20
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---- ------------ ---------- ----------------- --------------- Invesco V.I. Government Money Market Fund Series I Shares Contractual 1.50% May 1, 2013 June 30, 2018 Series II Shares Contractual 1.75% May 1, 2013 June 30, 2018 Invesco V.I. Government Securities Fund Series I Shares Contractual 1.50% May 1, 2013 June 30, 2018 Series II Shares Contractual 1.75% May 1, 2013 June 30, 2018 Invesco V.I. Growth and Income Fund Series I Shares Contractual 0.78% May 1. 2013 April 30, 2019 Series II Shares Contractual 1.03% May 1, 2013 April 30, 2019 Invesco V.I. High Yield Fund Series I Shares Contractual 1.50% May 1, 2014 June 30, 2018 Series II Shares Contractual 1.75% May 1, 2014 June 30, 2018 Invesco V.I. International Growth Fund Series I Shares Contractual 2.25% July 1, 2012 June 30, 2018 Series II Shares Contractual 2.50% July 1, 2012 June 30, 2018 Invesco V.I. Managed Volatility Fund Series I Shares Contractual 2.00% May 1, 2015 June 30, 2018 Series II Shares Contractual 2.25% May 1, 2015 June 30, 2018 Invesco V.I. Mid Cap Core Equity Fund Series I Shares Contractual 2.00% May 1. 2013 June 30, 2018 Series II Shares Contractual 2.25% May 1, 2013 June 30, 2018 Invesco V.I. Mid Cap Growth Fund Series I Shares Contractual 2.00% July 1, 2014 June 30, 2018 Series II Shares Contractual 2.25% July 1, 2014 June 30, 2018 Invesco V.I. S&P 500 Index Fund Series I Shares Contractual 2.00% July 1, 2012 June 30, 2018 Series II Shares Contractual 2.25% July 1, 2012 June 30, 2018 Invesco V.I. Small Cap Equity Fund Series I Shares Contractual 2.00% May 1. 2013 June 30, 2018 Series II Shares Contractual 2.25% May 1, 2013 June 30, 2018 Invesco V.I. Technology Fund Series I Shares Contractual 2.00% May 1. 2013 June 30, 2018 Series II Shares Contractual 2.25% May 1, 2013 June 30, 2018 Invesco V.I. Value Opportunities Fund Series I Shares Contractual 2.00% May 1. 2013 June 30, 2018 Series II Shares Contractual 2.25% May 1, 2013 June 30, 2018
* ACQUIRED FUND FEES AND EXPENSES ("AFFE") WILL BE CALCULATED AS OF THE FUND'S FISCAL YEAR END ACCORDING TO INSTRUCTION 3(F) OF ITEM 3 OF FORM N-1A. "NET AFFE" WILL BE CALCULATED BY SUBTRACTING ANY WAIVERS BY INVESCO ASSOCIATED WITH INVESTMENTS IN AFFILIATED FUNDS, SUCH AS INVESTMENTS IN AFFILIATED MONEY MARKET FUNDS, FROM THE AFFE CALCULATED IN ACCORDANCE WITH THE PRECEDING SENTENCE. FOR CLARITY, THE NET AFFE CALCULATED AS OF THE FUND'S FISCAL YEAR END WILL BE USED THROUGHOUT THE WAIVER PERIOD IN ESTABLISHING THE FUND'S WAIVER AMOUNT, REGARDLESS OF WHETHER ACTUAL AFFE IS MORE OR LESS DURING THE WAIVER PERIOD. 21 Sub-Item 77Q1(e) AMENDMENT NO. 8 MASTER INVESTMENT ADVISORY AGREEMENT This Amendment dated as of December 15, 2017, amends the Master Investment Advisory Agreement (the "Agreement"), dated June 1, 2000, by and between Short-Term Investments Trust, a Delaware statutory trust, and Invesco Advisers Inc., a Delaware corporation. W I T N E S S E T H: WHEREAS, the Trust desires to amend the Agreement to change the name of Government & Agency Portfolio to Invesco Government & Agency Portfolio, Treasury Obligations Portfolio to Invesco Treasury Obligations Portfolio, Liquid Assets Portfolio to Invesco Liquid Assets Portfolio, STIC Prime Portfolio to Invesco STIC Prime Portfolio, Tax-Free Cash Reserve Portfolio to Invesco Tax-Free Cash Reserve Portfolio and Treasury Portfolio to Invesco Treasury Portfolio; NOW, THEREFORE, the parties agree as follows; 1. Schedule A and Schedule B to the Agreement are hereby deleted in their entirety and replaced with the following: "SCHEDULE A FUNDS AND EFFECTIVE DATES NAME OF FUND EFFECTIVE DATE OF ADVISORY AGREEMENT ------------ ------------------------------------- Invesco Government & Agency Portfolio June 1, 2000 Invesco Treasury Obligations Portfolio June 1, 2000 Invesco Liquid Assets Portfolio November 24, 2003 Invesco STIC Prime Portfolio November 24, 2003 Invesco Tax-Free Cash Reserve Portfolio April 30, 2008 Invesco Treasury Portfolio June 1, 2000 22 SCHEDULE 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. INVESCO LIQUID ASSETS PORTFOLIO INVESCO STIC PRIME PORTFOLIO INVESCO TREASURY PORTFOLIO
NET ASSETS ANNUAL RATE ---------- ----------- All Assets......................................... 0.15% INVESCO GOVERNMENT & AGENCY PORTFOLIO NET ASSETS ANNUAL RATE ---------- ----------- All Assets......................................... 0.10% INVESCO TREASURY OBLIGATIONS PORTFOLIO NET ASSETS ANNUAL RATE ---------- ----------- First $250 million................................. 0.20% Over $250 million up to and including $500 million. 0.15% Over $500 million.................................. 0.10% INVESCO TAX-FREE CASH RESERVE PORTFOLIO NET ASSETS ANNUAL RATE ---------- ----------- All Assets......................................... 0.20%"
2. In all other respects, the Agreement is hereby confirmed and remains in full force and effect. 23 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective officers on the date first written above. SHORT-TERM INVESTMENTS TRUST Attest: /s/ Peter A. Davidson By: /s/ John M. Zerr --------------------------------------- -------------------------------------- Assistant Secretary John M. Zerr Senior Vice President (SEAL) INVESCO ADVISERS, INC. Attest: /s/ Peter A. Davidson By: /s/ John M. Zerr --------------------------------------- -------------------------------------- Assistant Secretary John M. Zerr Senior Vice President (SEAL)
24 Sub-Item 77Q1(e) AMENDMENT NO. 3 TO MASTER INTERGROUP SUB-ADVISORY CONTRACT FOR MUTUAL FUNDS This Amendment dated December 15, 2017, amends the Master Intergroup Sub-Advisory Contract for Mutual Funds (the "Contract"), dated May 1, 2008, between Invesco Advisers, Inc. (the "Adviser") on behalf of Short-Term Investments Trust (the "Trust"), and each of Invesco Canada Ltd., Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Asset Management (Japan) Ltd., Invesco Hong Kong Limited, and Invesco Senior Secured Management, Inc. (each a "Sub-Adviser" and, collectively, the "Sub-Advisers") W I T N E S S E T H: WHEREAS, the Trust desires to amend the Agreement to change the name of Government & Agency Portfolio to Invesco Government & Agency Portfolio, Treasury Obligations Portfolio to Invesco Treasury Obligations Portfolio, Liquid Assets Portfolio to Invesco Liquid Assets Portfolio, STIC Prime Portfolio to Invesco STIC Prime Portfolio, Tax-Free Cash Reserve Portfolio to Invesco Tax-Free Cash Reserve Portfolio and Treasury Portfolio to Invesco Treasury Portfolio; NOW, THEREFORE, the parties agree as follows; 1. Exhibit A to the Contract is hereby deleted in its entirety and replaced with the following: "EXHIBIT A Invesco Government & Agency Portfolio Invesco Liquid Assets Portfolio Invesco STIC Prime Portfolio Invesco Tax-Free Cash Reserve Portfolio Invesco Treasury Portfolio Invesco Treasury Obligations Portfolio" 2. All other terms and provisions of the Contract not amended shall remain in full force and effect. 25 Sub-Item 77Q1(e) IN WITNESS WHEREOF, the parties hereto have caused this Contract to be executed by their officers designated as of the day and year first above written. INVESCO ADVISERS, INC. Adviser By: /s/ John M. Zerr ------------------------------ Name: John M. Zerr Title: Senior Vice President 26 Sub-Item 77Q1(e) INVESCO CANADA LTD. Sub-Adviser By: /s/ Harsh Damani ------------------------------ Name: Harsh Damani Title: Chief Financial Officer, Funds & Senior Vice President, Fund Administration By: /s/ David C. Warren ------------------------------ Name: David C. Warren Title: Executive Vice President Chief Financial Officer 27 Sub-Item 77Q1(e) INVESCO ASSET MANAGEMENT DEUTSCHLAND GMBH Sub-Advisor By: /s/ S. Hofmann /s/ L. Baumann ------------------------------ Name: S. Hofmann L. Baumann Title: Director Proxy Holder 28 Sub-Item 77Q1(e) INVESCO ASSET MANAGEMENT LIMITED Sub-Advisor By: /s/ S. Hofmann ------------------------------ Name: S. Hofmann Title: Director 29 Sub-Item 77Q1(e) INVESCO ASSET MANAGEMENT (JAPAN) LTD. Sub-Advisor By: /s/ Masakazu Hasegawa ------------------------------ Name: Masakazu Hasegawa Title: Managing Director 30 Sub-Item 77Q1(e) INVESCO HONG KONG LIMITED Sub-Advisor By: /s/ Fanny Lee /s/ Paul Chan ------------------------------ Name: Fanny Lee Paul Chan Title: Authorized Signatories 31 Sub-Item 77Q1(e) INVESCO SENIOR SECURED MANAGEMENT, INC. Sub-Advisor By: /s/ Scott Baskind ------------------------------ Name: Scott Baskind Title: President 32 Sub-Item 77Q1(e) AMENDMENT NO. 16 TO SUB-ADVISORY CONTRACT This Amendment dated as of December 15, 2017, amends the Sub-Advisory Contract (the "Contract") between Invesco Advisers, Inc. (the "Advisor") and Invesco PowerShares Capital Management LLC (the "Sub-Advisor"). WHEREAS, the parties agree to amend the Contract to change the name of Premier Portfolio to Invesco Premier Portfolio and Premier Tax-Exempt Portfolio to Invesco Premier Tax-Exempt Portfolio, series portfolios of AIM Treasurer's Series Trust (Invesco Treasurer's Series Trust); and to change the name of Government & Agency Portfolio to Invesco Government & Agency Portfolio, Treasury Obligations Portfolio to Invesco Treasury Obligations Portfolio, Tax-Free Cash Reserve Portfolio to Invesco Tax-Free Cash Reserve Portfolio, series portfolios of Short-Term Investments Trust, as listed on the attached Exhibit A, which were approved by shareholders; NOW THEREFORE, in consideration of the promises and the mutual covenants herein contained, it is agreed between the parties hereto as follows: 1. The Contract is hereby amended to include the Funds listed on Exhibit A to the Contract as a recipient of the sub-advisory services by revising recital A) at the beginning of the Agreement to read as follows: The Advisor has entered into an investment advisory agreement with AIM Counselor Series Trust (Invesco Counselor Series Trust) ("ACST"), AIM Funds Group (Invesco Funds Group) ("AFG"), AIM Growth Series (Invesco Growth Series) ("AGS"), AIM International Mutual Funds (Invesco International Mutual Funds) ("AIMF"), AIM Investment Funds (Invesco Investment Funds) ("AIF"), AIM Investment Securities Funds (Invesco Investment Securities Funds) ("AIS"), AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds) ("ATEF"), AIM Treasurer's Series Trust (Invesco Treasurer's Series Trust) ("ATST"), AIM Variable Insurance Funds (Invesco Variable Insurance Funds) ("AVIF"), Invesco Exchange Fund, Invesco Management Trust ("IMT"), Invesco Securities Trust ("IST") and Short-Term Investments Trust ("STIT") (collectively, the "Trusts"), open-end management investment companies registered under the Investment Company Act of 1940, as amended (the "1940 Act"), with respect the funds set forth in Exhibit A attached hereto (each a "Fund" and collectively, the "Funds"); and 2. All other terms and provisions of the Contract not amended shall remain in full force and effect. 33 IN WITNESS WHEREOF, the parties hereto have caused this Contract to be executed by their officers designated as of the day and year first above written. INVESCO ADVISERS, INC. Advisor BY: /s/ John M. Zerr -------------------------- NAME: John M. Zerr TITLE: Senior Vice President 34 INVESCO POWERSHARES CAPITAL MANAGEMENT LLC Sub-Advisor BY: /s/ Daniel E. Draper --------------------------------------------------- NAME: Dan Draper TITLE: Managing Director - Invesco PowerShares Global ETFs 35 EXHIBIT A AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST) Invesco Equally-Weighted S&P 500 Fund Invesco Floating Rate Fund Invesco Pennsylvania Tax Free Income Fund Invesco Short Duration High Yield Municipal Fund Invesco Strategic Real Return Fund AIM FUNDS GROUP (INVESCO FUNDS GROUP) Invesco European Small Company Fund Invesco Small Cap Equity Fund AIM GROWTH SERIES (INVESCO GROWTH SERIES) Invesco Alternative Strategies Fund Invesco Balanced-Risk Retirement Now Fund Invesco Convertible Securities Fund Invesco Multi-Asset Inflation Fund Invesco Quality Income Fund Invesco Small Cap Growth Fund AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS) Invesco European Growth Fund Invesco Global Opportunities Fund Invesco Global Responsibility Equity Fund Invesco International Companies Fund Invesco International Core Equity Fund Invesco International Growth Fund Invesco Select Opportunities Fund AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS) Invesco All Cap Market Neutral Fund Invesco Balanced-Risk Allocation Fund Invesco Balanced-Risk Commodity Strategy Fund Invesco Developing Markets Fund Invesco Emerging Markets Equity Fund Invesco Emerging Markets Flexible Bond Fund Invesco Endeavor Fund Invesco Global Infrastructure Fund Invesco Global Market Neutral Fund Invesco Global Targeted Returns Fund Invesco Long/Short Equity Fund Invesco Low Volatility Emerging Markets Fund Invesco Macro Allocation Strategy Fund Invesco MLP Fund Invesco Multi-Asset Income Fund AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUND) Invesco Global Real Estate Fund Invesco High Yield Fund 36 AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS) Invesco High Yield Municipal Fund Invesco Intermediate Term Municipal Income Fund Invesco Limited Term Municipal Income Fund Invesco Municipal Income Fund Invesco Tax-Exempt Cash Fund AIM TREASURER'S SERIES TRUST (INVESCO TREASURER'S SERIES TRUST) Invesco Premier Portfolio Invesco Premier Tax-Exempt Portfolio AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS) Invesco V.I. American Franchise Fund Invesco V.I. American Value Fund Invesco V.I. Balanced-Risk Allocation Fund Invesco V.I. Comstock Fund Invesco V.I. Core Equity Fund Invesco V.I. Core Plus Bond Fund Invesco V.I. Diversified Dividend Fund Invesco V.I. Equally-Weighted S&P 500 Fund Invesco V.I. Equity and Income Fund Invesco V.I. Global Core Equity Fund Invesco V.I. Global Health Care Fund Invesco V.I. Global Real Estate Fund Invesco V.I. Government Money Market Fund Invesco V.I. Government Securities Fund Invesco V.I. Growth and Income Fund Invesco V.I. High Yield Fund Invesco V.I. International Growth Fund Invesco V.I. Managed Volatility Fund Invesco V.I. Mid Cap Core Equity Fund Invesco V.I. Mid Cap Growth Fund Invesco V.I. S&P 500 Index Fund Invesco V.I. Small Cap Equity Fund Invesco V.I. Technology Fund Invesco V.I. Value Opportunities Fund INVESCO EXCHANGE FUND INVESCO MANAGEMENT TRUST Invesco Conservative Income Fund INVESCO SECURITIES TRUST Invesco Balanced-Risk Aggressive Allocation Fund SHORT-TERM INVESTMENTS TRUST Invesco Government & Agency Portfolio Invesco Tax-Free Cash Reserve Portfolio Invesco Treasury Obligations Portfolio 37 Sub-Item 77Q1(e) AMENDMENT NO. 17 TO SUB-ADVISORY CONTRACT This Amendment dated as of December 18, 2017, amends the Sub-Advisory Contract (the "Contract") between Invesco Advisers, Inc. (the "Advisor") and Invesco PowerShares Capital Management LLC (the "Sub-Advisor"). WHEREAS, the parties agree to amend the Contract to add Invesco Peak Retirement(TM) 2065 Fund, Invesco Peak Retirement(TM) 2060 Fund, Invesco Peak Retirement(TM) 2055 Fund, Invesco Peak Retirement(TM) 2050 Fund, Invesco Peak Retirement(TM) 2045 Fund, Invesco Peak Retirement(TM) 2040 Fund, Invesco Peak Retirement(TM) 2035 Fund, Invesco Peak Retirement(TM) 2030 Fund, Invesco Peak Retirement(TM) 2025 Fund, Invesco Peak Retirement(TM) 2020 Fund, Invesco Peak Retirement(TM) 2015 Fund, Invesco Peak Retirement(TM) Now Fund, series portfolios of AIM Growth Series (Invesco Growth Series) and Invesco U.S. Managed Volatility Fund, a series portfolio of AIM Investment Funds (Invesco Investment Funds); NOW THEREFORE, in consideration of the promises and the mutual covenants herein contained, it is agreed between the parties hereto as follows: 1. The Contract is hereby amended to include the Funds listed on Exhibit A to the Contract as a recipient of the sub-advisory services by revising recital A) at the beginning of the Agreement to read as follows: The Advisor has entered into an investment advisory agreement with AIM Counselor Series Trust (Invesco Counselor Series Trust) ("ACST"), AIM Funds Group (Invesco Funds Group) ("AFG"), AIM Growth Series (Invesco Growth Series) ("AGS"), AIM International Mutual Funds (Invesco International Mutual Funds) ("AIMF"), AIM Investment Funds (Invesco Investment Funds) ("AIF"), AIM Investment Securities Funds (Invesco Investment Securities Funds) ("AIS"), AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds) ("ATEF"), AIM Treasurer's Series Trust (Invesco Treasurer's Series Trust) ("ATST"), AIM Variable Insurance Funds (Invesco Variable Insurance Funds) ("AVIF"), Invesco Exchange Fund, Invesco Management Trust ("IMT"), Invesco Securities Trust ("IST") and Short-Term Investments Trust ("STIT") (collectively, the "Trusts"), open-end management investment companies registered under the Investment Company Act of 1940, as amended (the "1940 Act"), with respect the funds set forth in Exhibit A attached hereto (each a "Fund" and collectively, the "Funds"); and 2. All other terms and provisions of the Contract not amended shall remain in full force and effect. 38 IN WITNESS WHEREOF, the parties hereto have caused this Contract to be executed by their officers designated as of the day and year first above written. INVESCO ADVISERS, INC. Advisor BY: /s/ John M. Zerr -------------------------- NAME: John M. Zerr TITLE: Senior Vice President 39 INVESCO POWERSHARES CAPITAL MANAGEMENT LLC Sub-Advisor BY: /s/ Daniel E. Draper --------------------------------------------------- NAME: Dan Draper TITLE: Managing Director - Invesco PowerShares Global ETFs 40 EXHIBIT A AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST) Invesco Equally-Weighted S&P 500 Fund Invesco Floating Rate Fund Invesco Pennsylvania Tax Free Income Fund Invesco Short Duration High Yield Municipal Fund Invesco Strategic Real Return Fund AIM FUNDS GROUP (INVESCO FUNDS GROUP) Invesco European Small Company Fund Invesco Small Cap Equity Fund AIM GROWTH SERIES (INVESCO GROWTH SERIES) Invesco Alternative Strategies Fund Invesco Balanced-Risk Retirement Now Fund Invesco Convertible Securities Fund Invesco Multi-Asset Inflation Fund Invesco Quality Income Fund Invesco Small Cap Growth Fund Invesco Peak Retirement(TM) 2015 Fund Invesco Peak Retirement(TM) 2020 Fund Invesco Peak Retirement(TM) 2025 Fund Invesco Peak Retirement(TM) 2030 Fund Invesco Peak Retirement(TM) 2035 Fund Invesco Peak Retirement(TM) 2040 Fund Invesco Peak Retirement(TM) 2045 Fund Invesco Peak Retirement(TM) 2050 Fund Invesco Peak Retirement(TM) 2055 Fund Invesco Peak Retirement(TM) 2060 Fund Invesco Peak Retirement(TM) 2065 Fund Invesco Peak Retirement(TM) Now Fund AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS) Invesco European Growth Fund Invesco Global Opportunities Fund Invesco Global Responsibility Equity Fund Invesco International Companies Fund Invesco International Core Equity Fund Invesco International Growth Fund Invesco Select Opportunities Fund AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS) Invesco All Cap Market Neutral Fund Invesco Balanced-Risk Allocation Fund Invesco Balanced-Risk Commodity Strategy Fund Invesco Developing Markets Fund Invesco Emerging Markets Equity Fund Invesco Emerging Markets Flexible Bond Fund Invesco Endeavor Fund 41 Invesco Global Infrastructure Fund Invesco Global Market Neutral Fund Invesco Global Targeted Returns Fund Invesco Long/Short Equity Fund Invesco Low Volatility Emerging Markets Fund Invesco Macro Allocation Strategy Fund Invesco MLP Fund Invesco Multi-Asset Income Fund Invesco U.S. Managed Volatility Fund AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUND) Invesco Global Real Estate Fund Invesco High Yield Fund AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS) Invesco High Yield Municipal Fund Invesco Intermediate Term Municipal Income Fund Invesco Limited Term Municipal Income Fund Invesco Municipal Income Fund Invesco Tax-Exempt Cash Fund AIM TREASURER'S SERIES TRUST (INVESCO TREASURER'S SERIES TRUST) Invesco Premier Portfolio Invesco Premier Tax-Exempt Portfolio AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS) Invesco V.I. American Franchise Fund Invesco V.I. American Value Fund Invesco V.I. Balanced-Risk Allocation Fund Invesco V.I. Comstock Fund Invesco V.I. Core Equity Fund Invesco V.I. Core Plus Bond Fund Invesco V.I. Diversified Dividend Fund Invesco V.I. Equally-Weighted S&P 500 Fund Invesco V.I. Equity and Income Fund Invesco V.I. Global Core Equity Fund Invesco V.I. Global Health Care Fund Invesco V.I. Global Real Estate Fund Invesco V.I. Government Money Market Fund Invesco V.I. Government Securities Fund Invesco V.I. Growth and Income Fund Invesco V.I. High Yield Fund Invesco V.I. International Growth Fund Invesco V.I. Managed Volatility Fund Invesco V.I. Mid Cap Core Equity Fund Invesco V.I. Mid Cap Growth Fund Invesco V.I. S&P 500 Index Fund Invesco V.I. Small Cap Equity Fund Invesco V.I. Technology Fund Invesco V.I. Value Opportunities Fund 42 INVESCO EXCHANGE FUND INVESCO MANAGEMENT TRUST Invesco Conservative Income Fund INVESCO SECURITIES TRUST Invesco Balanced-Risk Aggressive Allocation Fund SHORT-TERM INVESTMENTS TRUST Invesco Government & Agency Portfolio Invesco Tax-Free Cash Reserve Portfolio Invesco Treasury Obligations Portfolio 43