EX-99.D.1.OO 4 d689774dex99d1oo.htm EX-99.D.1.OO EX-99.D.1.OO

AMENDMENT NO. 40

TO

MASTER INVESTMENT ADVISORY AGREEMENT

This Amendment dated as of _______________, 2019, 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 add Invesco Oppenheimer Capital Income Fund, Invesco Oppenheimer Developing Markets Fund, Invesco Oppenheimer Discovery Mid Cap Growth Fund, Invesco Oppenheimer Emerging Markets Innovators Fund, Invesco Oppenheimer Emerging Markets Local Debt Fund, Invesco Oppenheimer Fundamental Alternatives Fund, Invesco Oppenheimer Global Allocation Fund, Invesco Oppenheimer Global Multi-Asset Income Fund, Invesco Oppenheimer Global Strategic Income Fund, Invesco Oppenheimer Global Unconstrained Bond Fund, Invesco Oppenheimer International Bond Fund, Invesco Oppenheimer Macquarie Global Infrastructure Fund, Invesco Oppenheimer Preferred Securities and Income Fund, Invesco Oppenheimer SteelPath MLP Alpha Fund, Invesco Oppenheimer SteelPath MLP Alpha Plus Fund, Invesco Oppenheimer SteelPath MLP & Energy Infrastructure Fund, Invesco Oppenheimer SteelPath MLP Income Fund, Invesco Oppenheimer SteelPath MLP Select 40 Fund, Invesco Oppenheimer SteelPath Panoramic Fund and Invesco Oppenheimer Total Return 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 Select Equity Fund    May 31, 2011
Invesco Endeavor Fund    November 3, 2003
Invesco 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 MLP Fund    April 22, 2014
Invesco Multi-Asset Income Fund    December 14, 2011
Invesco Oppenheimer Capital Income Fund    _______________, 2019
Invesco Oppenheimer Developing Markets Fund    _______________, 2019
Invesco Oppenheimer Discovery Mid Cap Growth Fund    _______________, 2019
Invesco Oppenheimer Emerging Markets Innovators Fund    _______________, 2019
Invesco Oppenheimer Emerging Markets Local Debt Fund    _______________, 2019
Invesco Oppenheimer Fundamental Alternatives Fund    _______________, 2019
Invesco Oppenheimer Global Allocation Fund    _______________, 2019
Invesco Oppenheimer Global Multi-Asset Income Fund    _______________, 2019
Invesco Oppenheimer Global Strategic Income Fund    _______________, 2019
Invesco Oppenheimer Global Unconstrained Bond Fund    _______________, 2019
Invesco Oppenheimer International Bond Fund    _______________, 2019
Invesco Oppenheimer Macquarie Global Infrastructure Fund    _______________, 2019
Invesco Oppenheimer Preferred Securities and Income Fund    _______________, 2019
Invesco Oppenheimer SteelPath MLP Alpha Fund    _______________, 2019
Invesco Oppenheimer SteelPath MLP Alpha Plus Fund    _______________, 2019
Invesco Oppenheimer SteelPath MLP & Energy    _______________, 2019
Infrastructure Fund   
Invesco Oppenheimer SteelPath MLP Income Fund    _______________, 2019
Invesco Oppenheimer SteelPath MLP Select 40 Fund    _______________, 2019
Invesco Oppenheimer SteelPath Panoramic Fund    _______________, 2019
Invesco Oppenheimer Total Return Bond Fund    _______________, 2019
Invesco Pacific Growth Fund    February 12, 2010
Invesco Select Companies Fund    November 3, 2003
Invesco U.S. Managed Volatility Fund    December 18, 2017
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

 

Net Assets

   

Annual Rate

  

First $250 million

      0.85 % 

Next $250 million

      0.82 % 

Next $500 million

      0.80 % 

Next $1.5 billion

      0.77 % 

Next $2.5 billion

      0.75 % 

Next $2.5 billion

      0.72 % 

Next $2.5 billion

      0.70 % 

Over $10 billion

      0.67 % 

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 Select Equity Fund

Invesco Low Volatility Emerging Markets 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 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 Global Market Neutral Fund

 

Net Assets

    Annual Rate  

First $250 million

      0.95 % 

Next $250 million

      0.93 % 

Next $500 million

      0.91 % 

Next $1.5 billion

      0.89 % 

Next $2.5 billion

      0.87 % 

Next $2.5 billion

      0.85 % 

Next $2.5 billion

      0.83 % 

Over $10 billion

      0.81 % 

Invesco Global Targeted Returns Fund

Invesco Macro Allocation Strategy Fund

 

Net Assets

    Annual Rate*  

First $250 million

      1.10 % 

Next $250 million

      1.08 % 

Next $500 million

      1.05 % 

Next $1.5 billion

      1.03 % 

Next $2.5 billion

      1.00 % 

Next $2.5 billion

      0.98 % 

Next $2.5 billion

      0.95 % 

Over $10 billion

      0.93 % 

 

*

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

Invesco Long/Short Equity Fund

 

Net Assets

    Annual Rate  

First $250 million

      0.80 % 

Next $250 million

      0.77 % 

Next $500 million

      0.75 % 

Next $1.5 billion

      0.72 % 

Next $2.5 billion

      0.70 % 

Next $2.5 billion

      0.67 % 

Next $2.5 billion

      0.65 % 

Over $10 billion

      0.62 % 

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

      0.50 % 

Next $500 million

      0.45 % 

Next $500 million

      0.40 % 

Over $1.5 billion

      0.39 % 

Invesco U.S. Managed Volatility Fund

 

Net Assets

    Annual Rate  

All Assets

      0.10 % 

Invesco Oppenheimer Capital Income Fund*

 

Net Assets

    Annual Rate  

First $100 million

      0.75 % 

Next $100 million

      0.70 % 

Next $100 million

      0.65 % 

Next $100 million

      0.60 % 

Next $100 million

      0.55 % 

Next $4.5 billion

      0.50 % 

Over $5 billion

      0.48 % 

Invesco Oppenheimer Developing Markets Fund*

 

Net Assets

    Annual Rate  

First $250 million

      1.00 % 

Next $250 million

      0.95 % 

Next $500 million

      0.90 % 

Next $6 billion

      0.85 % 

Next $3 billion

      0.80 % 

Next $20 billion

      0.75 % 

Next $15 billion

      0.74 % 

Over $45 billion

      0.73 % 

Invesco Oppenheimer Discovery Mid Cap Growth Fund*

 

Net Assets

    Annual Rate  

First $500 million

      0.68 % 

Next $500 million

      0.65 % 

Next $4 billion

      0.62 % 

Over $5 billion

      0.60 % 

Invesco Oppenheimer Emerging Markets Innovators Fund*

 

Net Assets

    Annual Rate  

First $500 million

      1.15 % 

Next $500 million

      1.10 % 

Next $4 billion

      1.05 % 

Over $5 billion

      1.00 % 

 

*

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.

Invesco Oppenheimer Emerging Markets Local Debt Fund*

 

Net Assets

    Annual Rate  

First $500 million

      0.70 % 

Next $500 million

      0.65 % 

Next $4 billion

      0.60 % 

Over $5 billion

      0.58 % 

Invesco Oppenheimer Fundamental Alternatives Fund*

 

Net Assets

    Annual Rate  

First $1 billion

      0.85 % 

Next $500 million

      0.80 % 

Next $500 million

      0.75 % 

Next $500 million

      0.70 % 

Next $500 million

      0.65 % 

Next $500 million

      0.60 % 

Next $500 million

      0.55 % 

Over $4 billion

      0.50 % 

Invesco Oppenheimer Global Allocation Fund*

 

Net Assets

    Annual Rate  

First $1 billion

      0.80 % 

Next $2 billion

      0.76 % 

Next $1 billion

      0.71 % 

Next $1 billion

      0.66 % 

Next $1 billion

      0.60 % 

Next $1 billion

      0.55 % 

Next $2 billion

      0.50 % 

Over $9 billion

      0.48 % 

Invesco Oppenheimer Global Multi-Asset Income Fund*

 

Net Assets

    Annual Rate  

First $500 million

      0.60 % 

Next $500 million

      0.55 % 

Next $4 billion

      0.50 % 

Over $5 billion

      0.45 % 

 

*

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.

Invesco Oppenheimer Global Strategic Income Fund*

 

Net Assets

    Annual Rate  

First $200 million

      0.75 % 

Next $200 million

      0.72 % 

Next $200 million

      0.69 % 

Next $200 million

      0.66 % 

Next $200 million

      0.60 % 

Next $4 billion

      0.50 % 

Next $5 billion

      0.48 % 

Over $10 billion

      0.46 % 

Invesco Oppenheimer Global Unconstrained Bond Fund*

 

Net Assets

    Annual Rate  

First $500 million

      0.60 % 

Next $500 million

      0.55 % 

Next $4 billion

      0.50 % 

Over $5 billion

      0.48 % 
  

Invesco Oppenheimer International Bond Fund*

 

Net Assets

    Annual Rate  

First $200 million

      0.75 % 

Next $200 million

      0.72 % 

Next $200 million

      0.69 % 

Next $200 million

      0.66 % 

Next $200 million

      0.60 % 

Next $4 billion

      0.50 % 

Next $10 billion

      0.48 % 

Over $15 billion

      0.45 % 

Invesco Oppenheimer Macquarie Global Infrastructure Fund*

 

Net Assets

    Annual Rate  

First $500 million

      0.90 % 

Next $500 million

      0.85 % 

Next $4 billion

      0.80 % 

Over $5 billion

      0.75 % 

 

*

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.

Invesco Oppenheimer Preferred Securities and Income Fund*

 

Net Assets

    Annual Rate  

First $500 million

      0.65 % 

Next $500 million

      0.60 % 

Next $4 billion

      0.55 % 

Over $5 billion

      0.53 % 

Invesco Oppenheimer SteelPath MLP Alpha Fund*

 

Net Assets

    Annual Rate  

First $3 billion

      1.10 % 

Next $2 billion

      1.08 % 

Over $5 billion

      1.05 % 

Invesco Oppenheimer SteelPath MLP Alpha Plus Fund*

 

Net Assets

    Annual Rate  

First $3 billion

      1.25 % 

Next $2 billion

      1.23 % 

Over $5 billion

      1.20 % 

Invesco Oppenheimer SteelPath MLP & Energy Infrastructure Fund*

 

Net Assets

    Annual Rate  

First $500 million

      0.85 % 

Next $500 million

      0.80 % 

Next $4 billion

      0.75 % 

Over $5 billion

      0.73 % 

Invesco Oppenheimer SteelPath MLP Income Fund*

 

Net Assets

    Annual Rate  

First $3 billion

      0.95 % 

Next $2 billion

      0.93 % 

Over $5 billion

      0.90 % 

 

*

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.

Invesco Oppenheimer SteelPath MLP Select 40 Fund*

 

Net Assets

    Annual Rate  

First $3 billion

      0.70 % 

Next $2 billion

      0.68 % 

Over $5 billion

      0.65 % 

Invesco Oppenheimer SteelPath Panoramic Fund*

 

Net Assets

    Annual Rate  

First $500 million

      1.00 % 

Next $500 million

      0.95 % 

Next $4 billion

      0.90 % 

Over $5 billion

      0.85 % 

Invesco Oppenheimer Total Return Bond Fund*

 

Net Assets

    Annual Rate  

First $500 million

      0.40 % 

Next $500 million

      0.35 % 

Next $4 billion

      0.33 % 

Over $5 billion

      0.31 %” 

 

  2.

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

 

 

*

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.

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:          By:        
 

    Assistant Secretary

      

Jeffrey H. Kupor

       

Senior Vice President

 

       

INVESCO ADVISERS, INC.

Attest:          By:        
 

    Assistant Secretary

      

Jeffrey H. Kupor

       

Senior Vice President