EX-99.H(3) 14 h71680bexv99whx3y.htm EX-99.H(3) exv99whx3y
FIFTH AMENDED AND RESTATED
MEMORANDUM OF AGREEMENT
(Securities Lending Administrative Fee Waiver)
     This Fifth Amended and Restated Memorandum of Agreement is entered into as of the dates indicated on Exhibit “A” between AIM Counselor Series Trust, AIM Equity Funds, AIM Funds Group, AIM Growth Series, AIM International Mutual Funds, AIM Investment Funds, AIM Investment Securities Funds, AIM Sector Funds, AIM Tax-Exempt Funds, AIM Treasurer’s Series Trust, AIM Variable Insurance Funds and Short-Term Investments Trust (each a “Fund” and collectively, the “Funds”), on behalf of the portfolios listed on Exhibit “A” to this Memorandum of Agreement (the “Portfolios”), and Invesco Advisers, Inc. (“Invesco”), successor by merger to Invesco Aim Advisors, Inc..
     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 Funds and Invesco agree as follows:
  1.   Each Fund, for itself and its Portfolios, and Invesco agree that until the expiration date, if any, of the commitment set forth on the attached Exhibit “A” occurs, as such Exhibit “A” is amended from time to time, Invesco has agreed that it will not charge any administrative fee under each Portfolio’s advisory agreement in connection with securities lending activities without prior approval from the Portfolio’s Board (such agreement is referred to as the “Waiver”).
 
  2.   Neither a Fund nor Invesco may remove or amend the Waiver to a Fund’s detriment prior to requesting and receiving the approval of the Portfolio’s Board to remove or amend the Waiver. Invesco will not have any right to reimbursement of any amount so waived.
     Unless a Fund, by vote of its Board of Trustees terminates the Waiver, or a Fund and Invesco are unable to reach an agreement on the amount of the Waiver to which the Fund and Invesco desire to be bound, the Waiver will continue indefinitely with respect to such Fund. Exhibit “A” will be amended to reflect the new date through which a Fund and Invesco agree to be bound.
     It is expressly agreed that the obligations of the Trusts 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 the Funds, 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 each Trust, and this Memorandum of Agreement has been executed and delivered by an authorized officer of each Trust 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.
     Nothing in this Memorandum of Agreement is intended to affect any other memorandum of agreement executed by any Fund or Invesco with respect to any other fee waivers, expense reimbursements and/or expense limitations.

 

 

     IN WITNESS WHEREOF, each Fund, on behalf of itself and its Portfolios listed in Exhibit “A” to this Memorandum of Agreement, and Invesco have entered into this Memorandum of Agreement as of the dates indicated on Exhibit “A”.
         
  AIM COUNSELOR SERIES TRUST
AIM EQUITY FUNDS
AIM FUNDS GROUP
AIM GROWTH SERIES
AIM INTERNATIONAL MUTUAL FUNDS
AIM INVESTMENT FUNDS
AIM INVESTMENT SECURITIES FUNDS
AIM SECTOR FUNDS
AIM TAX-EXEMPT FUNDS
AIM TREASURER’S SERIES TRUST
AIM VARIABLE INSURANCE FUNDS
SHORT-TERM INVESTMENTS TRUST
 		  
  By:   /s/ John M. Zerr    
    Title:Senior Vice President   
       
 
 
INVESCO ADVISERS, INC.
 		  
  By:   /s/ John M. Zerr    
    Title:Senior Vice President   
       

2

 

         
EXHIBIT “A”
AIM COUNSELOR SERIES TRUST
         
PORTFOLIO   EFFECTIVE DATE   COMMITTED UNTIL*
 
        
AIM Core Plus Bond Fund
  June 2, 2009    
AIM Floating Rate Fund
  April 14, 2006    
AIM Multi-Sector Fund
  November 25, 2003    
AIM Select Real Estate Income Fund
  March 9, 2007    
AIM Structured Core Fund
  March 31, 2006    
AIM Structured Growth Fund
  March 31, 2006    
AIM Structured Value Fund
  March 31, 2006    
Invesco Balanced Fund
  February 12, 2010    
Invesco California Tax-Free Income Fund
  February 12, 2010    
Invesco Dividend Growth Securities Fund
  February 12, 2010    
Invesco Equally-Weighted S&P 500 Fund
  February 12, 2010    
Invesco Fundamental Value Fund
  February 12, 2010    
Invesco Large Cap Relative Value Fund
  February 12, 2010    
Invesco New York Tax-Free Income Fund
  February 12, 2010    
Invesco S&P 500 Index Fund
  February 12, 2010    
Invesco Van Kampen American Franchise Fund
  February 12, 2010    
Invesco Van Kampen Core Equity Fund
  February 12, 2010    
Invesco Van Kampen Equity and Income Fund
  February 12, 2010    
Invesco Van Kampen Equity Premium Income Fund
  February 12, 2010    
Invesco Van Kampen Growth and Income Fund
  February 12, 2010    
Invesco Van Kampen Money Market Fund
  February 12, 2010    
Invesco Van Kampen Pennsylvania Tax Free Income Fund
  February 12, 2010    
Invesco Van Kampen Small Cap Growth Fund
  February 12, 2010    
Invesco Van Kampen Tax-Free Money Fund
  February 12, 2010    
AIM EQUITY FUNDS
         
PORTFOLIO   EFFECTIVE DATE   COMMITTED UNTIL*
 
        
AIM Capital Development Fund
  June 21, 2000    
AIM Charter Fund
  June 21, 2000    
AIM Constellation Fund
  June 21, 2000    
AIM Disciplined Equity Fund
  July 14, 2009    
AIM Diversified Dividend Fund
  December 28, 2001    
AIM Large Cap Basic Value Fund
  June 21, 2000    
AIM Large Cap Growth Fund
  June 21, 2000    
AIM Summit Fund
  July 24, 2000    
AIM FUNDS GROUP
         
FUND   EFFECTIVE DATE   COMMITTED UNTIL*
 
        
AIM Basic Balanced Fund
  September 28, 2001    
AIM European Small Company Fund
  August 30, 2000    
AIM Global Core Equity Fund
  December 27, 2000    
AIM International Small Company Fund
  August 30, 2000    
AIM Mid Cap Basic Value Fund
  December 27, 2001    
AIM Select Equity Fund
  June 1, 2000    
AIM Small Cap Equity Fund
  August 30, 2000    
 
*   Committed until the Fund or AIM requests and receives the approval of the Fund’s Board to remove or amend such fee waiver. Such commitments are evergreen until amended and apply to each Portfolio of a Fund.

A-1

 

AIM GROWTH SERIES
         
FUND   EFFECTIVE DATE   COMMITTED UNTIL*
 
        
AIM Basic Value Fund
  June 5, 2000    
AIM Global Equity Fund
  September 1, 2001    
AIM Mid Cap Core Equity Fund
  September 1, 2001    
AIM Small Cap Growth Fund
  September 11, 2000    
Invesco Convertible Securities Fund
  February 12, 2010    
Invesco Van Kampen Asset Allocation Conservative Fund
  February 12, 2010    
Invesco Van Kampen Asset Allocation Growth Fund
  February 12, 2010    
Invesco Van Kampen Asset Allocation Moderate Fund
  February 12, 2010    
Invesco Van Kampen Harbor Fund
  February 12, 2010    
Invesco Van Kampen Leaders Fund
  February 12, 2010    
Invesco Van Kampen Real Estate Securities Fund
  February 12, 2010    
Invesco Van Kampen U.S. Mortgage Fund
  February 12, 2010    
AIM INTERNATIONAL MUTUAL FUNDS
         
FUND   EFFECTIVE DATE   COMMITTED UNTIL*
 
        
AIM Asia Pacific Growth Fund
  June 21, 2000    
AIM European Growth Fund
  June 21, 2000    
AIM Global Growth Fund
  June 21, 2000    
AIM Global Small & Mid Cap Growth Fund
  June 21, 2000    
AIM International Growth Fund
  June 21, 2000    
AIM International Core Equity Fund
  November 25, 2003    
AIM INVESTMENT FUNDS
         
        COMMITTED UNTIL*
FUND   EFFECTIVE DATE   UNTIL*
 
        
AIM Balanced-Risk Allocation Fund
  May 29, 2009    
AIM China Fund
  March 31, 2006    
AIM Developing Markets Fund
  September 1, 2001    
AIM Global Health Care Fund
  September 1, 2001    
AIM International Total Return Fund
  March 31, 2006    
AIM Japan Fund
  March 31, 2006    
AIM LIBOR Alpha Fund
  March 31, 2006    
AIM Trimark Endeavor Fund
  November 4, 2003    
AIM Trimark Fund
  November 4, 2003    
AIM Trimark Small Companies Fund
  November 4, 2003    
Invesco Alternative Opportunities Fund
  February 12, 2010    
Invesco Commodities Strategy Fund
  February 12, 2010    
Invesco FX Alpha Plus Strategy Fund
  February 12, 2010    
Invesco FX Alpha Strategy Fund
  February 12, 2010    
Invesco Global Advantage Fund
  February 12, 2010    
Invesco Global Dividend Growth Securities Fund
  February 12, 2010    
Invesco Health Sciences Fund
  February 12, 2010    
Invesco International Growth Equity Fund
  February 12, 2010    
Invesco Pacific Growth Fund
  February 12, 2010    
Invesco Van Kampen Emerging Markets Fund
  February 12, 2010    
Invesco Van Kampen Global Bond Fund
  February 12, 2010    
 
*   Committed until the Fund or AIM requests and receives the approval of the Fund’s Board to remove or amend such fee waiver. Such commitments are evergreen until amended and apply to each Portfolio of a Fund.

A-2

 

         
        COMMITTED UNTIL*
FUND   EFFECTIVE DATE   UNTIL*
 
        
Invesco Van Kampen Global Equity Allocation Fund
  February 12, 2010    
Invesco Van Kampen Global Franchise Fund
  February 12, 2010    
Invesco Van Kampen Global Tactical Asset Allocation Fund
  February 12, 2010    
Invesco Van Kampen International Advantage Fund
  February 12, 2010    
Invesco Van Kampen International Growth Fund
  February 12, 2010    
AIM INVESTMENT SECURITIES FUNDS
         
FUND   EFFECTIVE DATE   COMMITTED UNTIL*
 
        
AIM Core Bond Fund
  December 28, 2001    
AIM Dynamics Fund
  November 25, 2003    
AIM Global Real Estate Fund
  April 29, 2005    
AIM High Yield Fund
  June 1, 2000    
AIM Income Fund
  June 1, 2000    
AIM Limited Maturity Treasury Fund
  June 1, 2000    
AIM Money Market Fund
  June 1, 2000    
AIM Municipal Bond Fund
  June 1, 2000    
AIM Real Estate Fund
  September 11, 2000    
AIM Short Term Bond Fund
  August 29, 2002    
AIM U.S. Government Fund
  June 1, 2000    
Invesco High Yield Securities Fund
  February 12, 2010    
Invesco Van Kampen Core Plus Fixed Income Fund
  February 12, 2010    
Invesco Van Kampen Corporate Bond Fund
  February 12, 2010    
Invesco Van Kampen Government Securities Fund
  February 12, 2010    
Invesco Van Kampen High Yield Fund
  February 12, 2010    
Invesco Van Kampen Limited Duration Fund
  February 12, 2010    
AIM SECTOR FUNDS
         
        COMMITTED UNTIL*
FUND   EFFECTIVE DATE   UNTIL*
 
        
AIM Energy Fund
  November 25, 2003    
AIM Financial Services Fund
  November 25, 2003    
AIM Gold & Precious Metals Fund
  November 25, 2003    
AIM Leisure Fund
  November 25, 2003    
AIM Technology Fund
  November 25, 2003    
AIM Utilities Fund
  November 25, 2003    
Invesco Mid-Cap Value Fund
  February 12, 2010    
Invesco Small-Mid Special Value Fund
  February 12, 2010    
Invesco Special Value Fund
  February 12, 2010    
Invesco Technology Sector Fund
  February 12, 2010    
Invesco U.S. Mid Cap Value Fund
  February 12, 2010    
Invesco U.S. Small Cap Value Fund
  February 12, 2010    
Invesco U.S. Small/Mid Cap Value Fund
  February 12, 2010    
Invesco Value Fund
  February 12, 2010    
Invesco Value II Fund
  February 12, 2010    
Invesco Van Kampen American Value Fund
  February 12, 2010    
Invesco Van Kampen Capital Growth Fund
  February 12, 2010    
Invesco Van Kampen Comstock Fund
  February 12, 2010    
Invesco Van Kampen Enterprise Fund
  February 12, 2010    
Invesco Van Kampen Mid Cap Growth Fund
  February 12, 2010    
Invesco Van Kampen Small Cap Value Fund
  February 12, 2010    
Invesco Van Kampen Technology Sector Fund
  February 12, 2010    
 
*   Committed until the Fund or AIM requests and receives the approval of the Fund’s Board to remove or amend such fee waiver. Such commitments are evergreen until amended and apply to each Portfolio of a Fund.

A-3

 

         
        COMMITTED UNTIL*
FUND   EFFECTIVE DATE   UNTIL*
 
        
Invesco Van Kampen Utility Fund
  February 12, 2010    
Invesco Van Kampen Value Opportunities Fund
  February 12, 2010    
AIM TAX-EXEMPT FUNDS
         
FUND   EFFECTIVE DATE   COMMITTED UNTIL*
 
        
AIM High Income Municipal Fund
  June 1, 2000    
AIM Tax-Exempt Cash Fund
  June 1, 2000    
AIM Tax-Free Intermediate Fund
  June 1, 2000    
Invesco Municipal Fund
  February 12, 2010    
Invesco Tax-Exempt Securities Fund
  February 12, 2010    
Invesco Van Kampen California Insured Tax Free Fund
  February 12, 2010    
Invesco Van Kampen High Yield Municipal Fund
  February 12, 2010    
Invesco Van Kampen Insured Tax Free Income Fund
  February 12, 2010    
Invesco Van Kampen Intermediate Term Municipal Income Fund
  February 12, 2010    
Invesco Van Kampen Municipal Income Fund
  February 12, 2010    
Invesco Van Kampen New York Tax Free Income Fund
  February 12, 2010    
AIM TREASURER’S SERIES TRUST
         
FUND   EFFECTIVE DATE   COMMITTED UNTIL*
 
        
Premier Portfolio
  November 25, 2003    
Premier Tax-Exempt Portfolio
  November 25, 2003    
Premier U.S. Government Money Portfolio
  November 25, 2003    
AIM VARIABLE INSURANCE FUNDS
         
FUND   EFFECTIVE DATE   COMMITTED UNTIL*
 
        
AIM V.I. Basic Balanced Fund
  May 1, 2000    
AIM V.I. Basic Value Fund
  September 10, 2001    
AIM V.I. Capital Appreciation Fund
  May 1, 2000    
AIM V.I. Capital Development Fund
  May 1, 2000    
AIM V.I. Core Equity Fund
  May 1, 2000    
AIM V.I. Diversified Income Fund
  May 1, 2000    
AIM V.I. Dynamics Fund
  April 30, 2004    
AIM V.I. Financial Services Fund
  April 30, 2004    
AIM V.I. Global Health Care Fund
  April 30, 2004    
AIM V.I. Global Real Estate Fund
  April 30, 2004    
AIM V.I. Government Securities Fund
  May 1, 2000    
AIM V.I. High Yield Fund
  May 1, 2000    
AIM V.I. International Growth Fund
  May 1, 2000    
AIM V.I. Large Cap Growth Fund
  September 1, 2003    
AIM V.I. Leisure Fund
  April 30, 2004    
AIM V.I. Mid Cap Core Equity Fund
  September 10, 2001    
AIM V.I. Money Market Fund
  May 1, 2000    
AIM V.I. PowerShares ETF Allocation Fund
  October 22, 2008    
AIM V.I. Small Cap Equity Fund
  September 1, 2003    
AIM V.I. Technology Fund
  April 30, 2004    
AIM V.I. Utilities Fund
  April 30, 2004    
 
*   Committed until the Fund or AIM requests and receives the approval of the Fund’s Board to remove or amend such fee waiver. Such commitments are evergreen until amended and apply to each Portfolio of a Fund.

A-4

 

         
FUND   EFFECTIVE DATE   COMMITTED UNTIL*
 
        
Invesco V.I. Dividend Growth Fund
  February 9, 2010    
Invesco V.I. Global Dividend Growth Fund
  February 9, 2010    
Invesco V.I. High Yield Fund
  February 12, 2010    
Invesco V.I. Income Builder Fund
  February 12, 2010    
Invesco V.I. S&P 500 Index Fund
  February 12, 2010    
Invesco V.I. Select Dimensions Balanced Fund
  February 12, 2010    
Invesco V.I. Select Dimensions Dividend Growth Fund
  February 12, 2010    
Invesco V.I. Select Dimensions Equally-Weighted S&P 500 Fund
  February 12, 2010    
Invesco Van Kampen V.I. Capital Growth Fund
  February 12, 2010    
Invesco Van Kampen V.I. Comstock Fund
  February 12, 2010    
Invesco Van Kampen V.I. Equity and Income Fund
  February 12, 2010    
Invesco Van Kampen V.I. Global Tactical Asset Allocation Fund
  February 12, 2010    
Invesco Van Kampen V.I. Global Value Equity Fund
  February 12, 2010    
Invesco Van Kampen V.I. Government Fund
  February 12, 2010    
Invesco Van Kampen V.I. Growth and Income Fund
  February 12, 2010    
Invesco Van Kampen V.I. High Yield Fund
  February 12, 2010    
Invesco Van Kampen V.I. International Growth Equity Fund
  February 12, 2010    
Invesco Van Kampen V.I. Mid Cap Growth Fund
  February 12, 2010    
Invesco Van Kampen V.I. Mid Cap Value Fund
  February 12, 2010    
Invesco Van Kampen V.I. Value Fund
  February 12, 2010    
SHORT-TERM INVESTMENTS TRUST
         
FUND   EFFECTIVE DATE   COMMITTED UNTIL*
 
        
Government & Agency Portfolio
  June 1, 2000    
Government TaxAdvantage Portfolio
  June 1, 2000    
Liquid Assets Portfolio
  June 1, 2000    
STIC Prime Portfolio
  June 1, 2000    
Tax-Free Cash Reserve Portfolio
  June 1, 2000    
Treasury Portfolio
  June 1, 2000    
 
*   Committed until the Fund or AIM requests and receives the approval of the Fund’s Board to remove or amend such fee waiver. Such commitments are evergreen until amended and apply to each Portfolio of a Fund.

A-5