EX-99.D(1)(C) 4 tm2321045d1_ex99-d1c.htm EXHIBIT 99.D(1)(C)

 

Exhibit (d)(1)(c)

 

AMENDMENT NO. 2

TO

AMENDED AND RESTATED MASTER INVESTMENT ADVISORY AGREEMENT

 

This Amendment dated as of February 10, 2023, amends the Amended and Restated Master Investment Advisory Agreement (the “Agreement”), dated July 1, 2020, between AIM Sector Funds (Invesco Sector Funds), a Delaware statutory trust, and Invesco Advisers, Inc., a Delaware corporation.

 

W I T N E S S E T H:

 

WHEREAS, the parties desire to amend the Agreement to (i) remove Invesco American Value Fund and (ii) reduce the contractual advisory fee schedule of Invesco Value Opportunities Fund, a series portfolio of AIM Sector Funds (Invesco Sector Funds) (“ASEF”) effective February 10, 2023;

 

NOW, THEREFORE, the parties agree that:

 

1.Appendix A and Appendix B to the Agreement are hereby deleted in their entirety and replaced with the following:

 

APPENDIX A

FUNDS AND EFFECTIVE DATES

 

Name of Fund   Effective Date of Advisory Agreement
     
Invesco Comstock Fund   February 12, 2010
     
Invesco Comstock Select Fund   May 24, 2019
     
Invesco Dividend Income Fund   November 25, 2003
     
Invesco Energy Fund   November 25, 2003
     
Invesco Gold & Special Minerals Fund   May 24, 2019
     
Invesco Small Cap Value Fund   February 12, 2010
     
Invesco Technology Fund   November 25, 2003
     
Invesco Value Opportunities Fund   February 12, 2010

 

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APPENDIX B 

COMPENSATION TO THE ADVISOR

 

The Trust shall pay the Adviser, out of the assets of each Fund, as full compensation for all services rendered, an advisory fee for such Funds as set forth below. Such fee shall be calculated by applying the following annual rates to the average daily net assets of such Funds for the calendar year computed in the manner used for the determination of the net asset value of shares of such Funds.

 

Invesco Comstock Fund 
Net Assets  Annual Rate 
First $1 billion   0.50%
Next $1 billion   0.45%
Next $1 billion   0.40%
Over $3 billion   0.35%

 

Invesco Comstock Select Fund*
Net Assets  Annual Rate 
First $300 million   0.625%
Next $100 million   0.500%
Next $4.6 billion   0.450%
Over $5 billion   0.430%

 

Invesco Dividend Income Fund
Net Assets  Annual Rate 
First $500 million   0.6325%
Next $500 million   0.6125%
Next $600 million   0.60%
Next $400 million   0.5325%
Next $2 billion   0.45%
Next $2 billion   0.40%
Next $2 billion   0.375%
Over $8 billion   0.35%

 

 

* The advisory fee payable by the Fund shall be reduced by any amounts paid by such Fund under the Administrative Services Agreement between such Fund and Invesco Advisers, Inc.

 

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Invesco Energy Fund
Net Assets  Annual Rate 
First $350 million   0.75%
Next $350 million   0.65%
Next $1.3 billion   0.55%
Next $2 billion   0.45%
Next $2 billion   0.40%
Next $2 billion   0.375%
Over $8 billion   0.35%

 

Invesco Gold & Special Minerals Fund*
Net Assets  Annual Rate** 
First $200 million   0.750%
Next $150 million   0.720%
Next $350 million   0.680%
Next $1.3 billion   0.560%
Next $2 billion   0.460%
Next $2 billion   0.410%
Next $2 billion   0.385%
Over $8 billion   0.360%

 

 

**To the extent Invesco Oppenheimer Gold & Special Minerals Fund invests its assets in Invesco Oppenheimer Gold & Special Minerals Fund (Cayman) Ltd., a direct wholly-owned subsidiary of Invesco Oppenheimer Gold & Special Minerals Fund, the Adviser shall not collect the portion of the advisory fee that the Adviser would otherwise be entitled to collect from Invesco Oppenheimer Gold & Special Minerals Fund, in an amount equal to 100% of the advisory fee that the Adviser receives from Invesco Oppenheimer Gold & Special Minerals Fund (Cayman) Ltd.

 

Invesco Small Cap Value Fund
Net Assets   Annual Rate 
First $500 million   0.67%
Next $500 million   0.645%
Over $1 billion   0.62%
     

 

Invesco Technology Fund
Net Assets  Annual Rate  
First $500 million   0.67%
Next $500 million   0.64%
Next $1 billion   0.52%
Next $2 billion   0.45%
Next $2 billion   0.40%
Next $2 billion   0.375%
Over $8 billion   0.35%

 

 

* The advisory fee payable by the Fund shall be reduced by any amounts paid by such Fund under the Administrative Services Agreement between such Fund and Invesco Advisers, Inc.

 

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Invesco Value Opportunities Fund
Net Assets  Annual Rate 
First $250 million   0.695%
Next $250 million   0.67%
Next $500 million   0.645%
Next $1.5 billion   0.61%
Next $3.5 billion   0.56%
Next $4 billion   0.545%
Over $10 billion   0.52%”

 

2. In all other respects, the Agreement is hereby confirmed and remains in full force and effect.

 

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IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective officers on the date first written above.

 

 

AIM SECTOR FUNDS

(INVESCO SECTOR FUNDS)

     
  By: /s/ John.M.Zerr 
    John.M.Zerr
    Senior Vice President

 

  INVESCO ADVISERS, INC.
     
  By: /s/ Melanie Ringold 
    Melanie Ringold
    Senior Vice President & Secretary

 

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