EX-99.D.GG 5 d256573dex99dgg.htm EX-99.D.GG EX-99.D.GG

AMENDMENT NO. 32

TO

MASTER INVESTMENT ADVISORY AGREEMENT

This Amendment dated as of July 27, 2016, amends the Master Investment Advisory Agreement (the “Agreement”), dated September 11, 2000, between AIM Investment Funds (Invesco Investment Funds), 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 Invesco Premium Income Fund to Invesco Multi-Asset Income Fund and Invesco Global Markets Strategy Fund to Invesco Macro Allocation Strategy Fund;

NOW, THEREFORE, the parties agree as follows;

 

  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 All Cap Market Neutral Fund    December 16, 2013
Invesco Balanced-Risk Allocation Fund    May 29, 2009
Invesco Balanced-Risk Commodity Strategy Fund    November 29, 2010
Invesco Greater China Fund    March 31, 2006
Invesco Developing Markets Fund    September 1, 2001
Invesco Emerging Markets Flexible Bond Fund    June 14, 2010
Invesco Emerging Markets Equity Fund    May 31, 2011
Invesco Endeavor Fund    November 3, 2003
Invesco Global Health Care Fund    September 1, 2001
Invesco Global Infrastructure Fund    April 22, 2014
Invesco Global Market Neutral Fund    December 16, 2013
Invesco Global Targeted Returns Fund    December 16, 2013
Invesco International Total Return Fund    March 31, 2006

Invesco Long/Short Equity Fund    December 16, 2013
Invesco Low Volatility Emerging Markets Fund    December 16, 2013
Invesco Macro Allocation Strategy Fund    September 25, 2012
Invesco Macro International Equity Fund    December 16, 2013
Invesco Macro Long/Short Fund    December 16, 2013
Invesco MLP Fund    April 22, 2014
Invesco Multi-Asset Income Fund    December 14, 2011
Invesco Pacific Growth Fund    February 12, 2010
Invesco Select Companies Fund    November 3, 2003
Invesco Strategic Income Fund    April 22, 2014
Invesco Unconstrained Bond Fund    October 14, 2014

APPENDIX B

COMPENSATION TO THE ADVISOR

The Trust shall pay the Adviser, 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 All Cap Market Neutral Fund

Invesco Global Market Neutral Fund

Invesco Long/Short Equity Fund

Invesco Macro Long/Short Fund

 

Net Assets

    Annual Rate

First $10 billion

    1.25%

Over $10 billion

    1.15%
Invesco Balanced-Risk Allocation Fund

Net Assets

    Annual Rate*

First $250 million

    0.95%

Next $250 million

    0.925%

Next $500 million

    0.90%

Next $1.5 billion

    0.875%

Next $2.5 billion

    0.85%

Next $2.5 billion

    0.825%

Next $2.5 billion

    0.80%

Over $10 billion

    0.775%

 

* To the extent Invesco Balanced-Risk Allocation Fund invests its assets in Invesco Cayman Commodity Fund I Ltd., a direct wholly-owned subsidiary of Invesco Balanced-Risk Allocation Fund, the Adviser shall not collect the portion of the advisory fee that the Adviser would otherwise be entitled to collect from Invesco Balanced-Risk Allocation Fund, in an amount equal to 100% of the advisory fee that the Adviser receives from Invesco Cayman Commodity Fund I Ltd.

Invesco Balanced-Risk Commodity Strategy Fund

 

Net Assets

    Annual Rate*

First $250 million

    1.050%

Next $250 million

    1.025%

Next $500 million

    1.000%

Next $1.5 billion

    0.975%

Next $2.5 billion

    0.950%

Next $2.5 billion

    0.925%

Next $2.5 billion

    0.900%

Over $10 billion

    0.875%

 

* To the extent Invesco Balanced-Risk Commodity Strategy Fund invests its assets in Invesco Cayman Commodity Fund III Ltd., a direct wholly-owned subsidiary of Invesco Balanced-Risk Commodity Strategy Fund, the Adviser shall not collect the portion of the advisory fee that the Adviser would otherwise be entitled to collect from Invesco Balanced-Risk Commodity Strategy Fund, in an amount equal to 100% of the advisory fee that the Adviser receives from Invesco Cayman Commodity Fund III Ltd.

Invesco Greater China Fund

Invesco Developing Markets Fund

Invesco Emerging Markets Equity Fund

Invesco Low Volatility Emerging Markets Fund

Invesco Macro International Equity Fund

 

Net Assets

    Annual Rate

First $250 million

    0.935%

Next $250 million

    0.91%

Next $500 million

    0.885%

Next $1.5 billion

    0.86%

Next $2.5 billion

    0.835%

Next $2.5 billion

    0.81%

Next $2.5 billion

    0.785%

Over $10 billion

    0.76%
Invesco Emerging Markets Flexible Bond Fund

Net Assets

    Annual Rate

First $500 million

    0.75%

Next $500 million

    0.70%

Next $500 million

    0.67%

Over $1.5 billion

    0.65%
Invesco Global Health Care 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 Global Infrastructure Fund

Net Assets

    Annual Rate

First $2.5 billion

    0.840%

Next $2 billion

    0.800%

Next $3.5 billion

    0.785%

Over $8 billion

    0.770%
Invesco Macro Allocation Strategy Fund
Invesco Global Targeted Returns Fund

Net Assets

    Annual Rate*

First $10 billion

    1.500%

Over $10 billion

    1.250%

 

* To the extent Invesco Global Markets Strategy Fund invests its assets in Invesco Cayman Commodity Fund V Ltd., a direct wholly-owned subsidiary of Invesco Global Markets Strategy Fund, the Adviser shall not collect the portion of the advisory fee that the Adviser would otherwise be entitled to collect from Invesco Global Markets Strategy Fund, in an amount equal to 100% of the advisory fee that the Adviser receives from Invesco Cayman Commodity Fund V Ltd.

 

Invesco International Total Return Fund

Net Assets

    Annual Rate

First $250 million

    0.65%

Next $250 million

    0.59%

Next $500 million

    0.565%

Next $1.5 billion

    0.54%

Next $2.5 billion

    0.515%

Next $5 billion

    0.49%

Over $10 billion

    0.465%
Invesco MLP Fund

Net Assets

    Annual Rate

First $1 billion

    1.00%

Next $1.5 billion

    0.95%

Next $2 billion

    0.93%

Next $3.5 billion

    0.91%

Over $8 billion

    0.90%

Invesco Endeavor Fund

   
Invesco Select Companies Fund

Net Assets

    Annual Rate

First $250 million

    0.745%

Next $250 million

    0.73%

Next $500 million

    0.715%

Next $1.5 billion

    0.70%

Next $2.5 billion

    0.685%

Next $2.5 billion

    0.67%

Next $2.5 billion

    0.655%

Over $10 billion

    0.64%

Invesco Strategic Income Fund

Net Assets

    Annual Rate

First $1 billion

    0.60%

Next $3.5 billion

    0.55%

Over $4.5 billion

    0.45%
Invesco Pacific Growth Fund

Net Assets

    Annual Rate

First $1 billion

    0.87%

Next $1 billion

    0.82%

Over $2 billion

    0.77%
Invesco Multi-Asset Income Fund

Net Assets

    Annual Rate

First $500 million

    0.650%

Next $500 million

    0.600%

Next $500 million

    0.550%

Over $1.5 billion

    0.540%
Invesco Unconstrained Bond Fund

Net Assets

    Annual Rate

First $1 billion

    0.700%

Next $3.5 billion

    0.650%

Over $4.5 billion

    0.550%”

 

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

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

 

       

AIM INVESTMENT FUNDS

(INVESCO INVESTMENT FUNDS)

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)