EX-99.D.1.II 8 d301844dex99d1ii.htm EX-99.D.1.II EX-99.D.1.II

AMENDMENT NO. 34

TO

MASTER INVESTMENT ADVISORY AGREEMENT

This Amendment dated as of December 1, 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 International Total Return Fund to Invesco World Bond 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 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 World Bond Fund   

March 31, 2006

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 World Bond 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 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 %” 

 

  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 Davidson

     By:  

/s/ John M. Zerr

  Assistant Secretary       John M. Zerr
        Senior Vice President
(SEAL)        
        INVESCO ADVISERS, INC.
Attest:  

/s/ Peter Davidson

     By:  

/s/ John M. Zerr

  Assistant Secretary       John M. Zerr
        Senior Vice President

(SEAL)