EX-99.M.4.D 18 d113295dex99m4d.htm EX-99.M.4.D EX-99.M.4.D

AMENDED AND RESTATED SERVICE PLAN

(REIMBURSEMENT)

1. Each Delaware statutory trust listed on Schedule A (individually a “Trust”), severally, on behalf of each of its series portfolios listed on Schedule A (each a “Fund”), has selected Invesco Distributors, Inc. (“IDI”) to provide shareholder services on behalf of and for the classes of shares listed on Schedule A (each a “Class”) of which a Trust is the issuer (the “Shares”), pursuant to Rule 12b-1 under the Investment Company Act of 1940 (the “1940 Act”), according to the terms of this Service Plan (the “Plan”). The Plan has been approved by a majority of the Board of Trustees of each Trust (collectively, the “Board”), including a majority of the trustees who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plan or in any agreements related to the Plan (the “Independent Trustees”), cast in person at a meeting called for the purpose of voting on the Plan.

2. A Trust, on behalf of a Fund, is authorized to reimburse IDI for expenses (subject to the limitations described below) incurred by IDI for shareholder services provided for existing shareholders of a Fund.

3. IDI is authorized under the Plan to pay or advance to broker-dealers, banks, insurance companies or others who have executed an agreement with a Trust, IDI or any successor to IDI for shareholder services pursuant to the terms of the executed agreement. Forms of such agreements have been approved from time to time by the Board, including the Independent Trustees.

4. Shareholder service expenses are expenses for personal service and/or maintenance of accounts and may include, but are not limited to, the expenses of assisting in establishing and maintaining customer accounts and records, assisting with purchase and redemption requests, arranging for bank wires, monitoring dividend payments from a Fund on behalf of customers, forwarding certain shareholder communications from a Fund to customers, receiving and answering correspondence, aiding in maintaining the investment of their respective customers in a Fund and providing such other information and services as reasonably requested.

5. The maximum amount which may be reimbursed by the Trust, on behalf of a Fund, to IDI pursuant to Paragraph 2 herein shall be the applicable percentage per annum of the average daily net assets of the respective Class of the Fund set forth on Schedule A. Reimbursement shall be made monthly by the Fund to IDI within 30 days after the close of each month or such other time period as deemed appropriate by IDI.

6. In no event shall the aggregate asset-based sales charges to be paid pursuant to the terms of the Plan, plus any other payments deemed to be made pursuant to the Plan, exceed the amount permitted to be paid pursuant to Rule 2341 of the Financial Industry Regulatory Authority or any successor thereto.

7. Payments by a Trust with respect to Shares of a Fund pursuant to the Plan may be made


during periods when the Fund has suspended or otherwise limited sales of such Shares so long as appropriate services continue to be provided.    

8. Any person authorized to direct the payment of money under the Plan or any agreement related to the Plan shall furnish to the Board for its review, on at least a quarterly basis, a written report of the monies paid pursuant to the terms of the Plan, including the purposes thereof, and shall furnish the Board with such other information as the Board may reasonably request in connection with the payments made under the Plan.

9. The Plan, and any agreements related to the Plan, shall continue in effect for a period of more than one year only so long as such continuance is specifically approved at least annually by a vote of the Board, and of the Independent Trustees, cast in person at a meeting called for the purpose of voting on the Plan and any related agreements.

10. The Plan may be terminated at any time in whole or with respect to Shares of any Class or Fund by vote of a majority of the Independent Trustees, or by vote of a majority of the outstanding voting securities of the Fund or any Class voting separately as and to the extent required by the 1940 Act and the rules thereunder, including Rule 18f-3(a)(3). Termination of the Plan with respect to any Shares of any Class or Fund will not terminate the Plan with respect to Shares of any other Class or Fund that is not terminated.

11. Any agreement related to the Plan:

 

  (a)

must be in writing;

 

  (b)

shall go into effect when approved by a vote of the Board, and its Independent Trustees, cast at a meeting called for the purpose of voting on such agreement;

 

  (c)

may be terminated at any time, without the payment of any penalty, by vote of a majority of the Independent Trustees or by vote of a majority of the outstanding voting securities of a Fund on not more than sixty (60) days’ written notice to any other party to the agreement; and

 

  (d)

will automatically terminate in the event of its assignment (as defined in the 1940 Act).

12. The Plan may not be amended to increase materially the amount to be spent with respect to Shares of any Class or Fund without approval by a majority of the Class’s or Fund’s outstanding voting securities (as and to the extent voting separately is required by the 1940 Act and the rules thereunder, including Rule 18f-3(a)(3)).

13. All material amendments to the Plan shall be approved by a vote of the Board, and of the Independent Trustees, cast in person at a meeting called for the purpose of voting on the Plan.

14. So long as the Plan is in effect, the Board shall satisfy the fund governance standards as defined in Rule 0-1(a)(7) under the 1940 Act.


15. The Plan is not binding upon any of the Trustees or shareholders of a Trust.    

16. Where the effect of a requirement of the 1940 Act reflected in any provision of this Plan is revised by rule, interpretation, or order of the U.S. Securities and Exchange Commission, such provisions shall be deemed to incorporate the effect of such rule, interpretation, or order.


SCHEDULE A

TO THE

AMENDED AND RESTATED SERVICE PLAN

(REIMBURSEMENT)

AIM Counselor Series Trust (Invesco Counselor Series Trust)

 

Portfolio    Share Class    Maximum
Distribution
Amount
     Maximum
Shareholder
Services
Amount
    Maximum
Aggregate
Reimbursable
Amount
 

Invesco Capital Appreciation Fund

   Class A      None        0.25     0.25

Invesco Discovery Fund

   Class A      None        0.25     0.25

Invesco Senior Floating Rate Fund

   Class A      None        0.25     0.25

Invesco Short Term Municipal Fund

   Class A      None        0.25     0.25

AIM Equity Funds (Invesco Equity Funds)

 

Portfolio    Share Class    Maximum
Distribution
Amount
     Maximum
Shareholder
Services
Amount
    Maximum
Aggregate
Reimbursable
Amount
 

Invesco Main Street All Cap Fund

   Class A      None        0.25     0.25

Invesco Main Street Fund

   Class A      None        0.25     0.25

Invesco Rising Dividends Fund

   Class A      None        0.25     0.25

AIM Growth Series (Invesco Growth Series)

 

Portfolio    Share Class    Maximum
Distribution
Amount
     Maximum
Shareholder
Services
Amount
    Maximum
Aggregate
Reimbursable
Amount
 

Invesco Active Allocation Fund

   Class A      None        0.25     0.25

Invesco International Diversified Fund

   Class A      None        0.25     0.25

Invesco Main Street Small Cap Fund

   Class A      None        0.25     0.25

Invesco Main Street Mid Cap Fund

   Class A      None        0.25     0.25

Invesco Select Risk: Conservative Investor Fund

   Class A      None        0.25     0.25

Invesco Select Risk: High Growth Investor Fund

   Class A      None        0.25     0.25

Invesco Select Risk: Moderate Investor Fund

   Class A      None        0.25     0.25


AIM International Mutual Funds (Invesco International Mutual Funds)

 

Portfolio    Share Class    Maximum
Distribution
Amount
     Maximum
Shareholder
Services
Amount
    Maximum
Aggregate
Reimbursable
Amount
 

Invesco Advantage International Fund

   Class A      None        0.25     0.25

Invesco Global Focus Fund

   Class A      None        0.25     0.25

Invesco Global Fund

   Class A      None        0.25     0.25

Invesco Global Opportunities Fund

   Class A      None        0.25     0.25

Invesco International Small-Mid Company Fund

   Class A      None        0.25     0.25

Invesco Oppenheimer International Growth Fund

   Class A      None        0.25     0.25

AIM Investment Funds (Invesco Investment Funds)

 

Portfolio    Share Class    Maximum
Distribution
Amount
     Maximum
Shareholder
Services
Amount
    Maximum
Aggregate
Reimbursable
Amount
 

Invesco Core Bond Fund

   Class A      None        0.25     0.25

Invesco Developing Markets Fund

   Class A      None        0.25     0.25

Invesco Discovery Mid Cap Growth Fund

   Class A      None        0.25     0.25

Invesco Emerging Markets Innovators Fund

   Class A      None        0.25     0.25

Invesco Emerging Markets Local Debt Fund

   Class A      None        0.25     0.25

Invesco Fundamental Alternatives Fund

   Class A      None        0.25     0.25

Invesco Global Allocation Fund

   Class A      None        0.25     0.25

Invesco Global Strategic Income Fund

   Class A      None        0.25     0.25

Invesco International Bond Fund

   Class A      None        0.25     0.25

AIM Investment Securities Funds (Invesco Investment Securities Funds)

 

Portfolio    Share Class    Maximum
Distribution
Amount
     Maximum
Shareholder
Services
Amount
    Maximum
Aggregate
Reimbursable
Amount
 

Invesco High Yield Bond Factor Fund

   Class A      None        0.25     0.25

Invesco Intermediate Bond Factor Fund

   Class A      None        0.25     0.25

Invesco Government Money Market Fund

   Class A      None        0.20     0.20


AIM Sector Funds (Invesco Sector Funds)

 

Portfolio    Share Class    Maximum
Distribution
Amount
     Maximum
Shareholder
Services
Amount
    Maximum
Aggregate
Reimbursable
Amount
 

Invesco Comstock Select Fund

   Class A      None        0.25     0.25

Invesco Gold & Special Minerals Fund

   Class A      None        0.25     0.25

AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds)

 

Portfolio    Share Class    Maximum
Distribution
Amount
     Maximum
Shareholder
Services
Amount
    Maximum
Aggregate
Reimbursable
Amount
 

Invesco AMT-Free Municipal Income Fund

   Class A      None        0.25     0.25

Invesco California Municipal Fund

   Class A      None        0.25     0.25

Invesco Environmental Focus Municipal Fund

   Class A      None        0.25     0.25

Invesco Limited Term California Municipal Fund

   Class A      None        0.25     0.25

Invesco New Jersey Municipal Fund

   Class A      None        0.25     0.25

Invesco Pennsylvania Municipal Fund

   Class A      None        0.25     0.25

Invesco Rochester AMT-Free New York Municipal Fund

   Class A      None        0.25     0.25

Invesco Rochester Limited Term New York Municipal Fund

   Class A      None        0.25     0.25

Invesco Rochester Municipal Opportunities Fund

   Class A      None        0.25     0.25

Invesco Rochester New York Municipals Fund

   Class A      None        0.25     0.25