EX-99.77Q1 OTHR EXHB 4 h81574ex77q1e.txt EXHIBIT SUB-ITEM 77 Q 1 (e) INVESCO QUALITY MUNICIPAL INCOME TRUST MEMORANDUM OF AGREEMENT (EXPENSE LIMITATIONS) This Memorandum of Agreement is entered into as of the Effective Date on the attached exhibits (the "Exhibits"), between AIM Counselor Series Trust (Invesco Counselor Series Trust), AIM Equity Funds (Invesco Equity Funds), AIM Funds Group (Invesco Funds Group), AIM Growth Series (Invesco Growth Series), AIM International Mutual Funds (Invesco International Mutual Funds), AIM Investment Funds (Invesco Investment Funds), AIM Investment Securities Funds (Invesco Investment Securities Funds), AIM Sector Funds (Invesco Sector Funds), AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds), AIM Variable Insurance Funds (Invesco Variable Insurance Funds), Invesco California Insured Municipal Income Trust, Invesco California Quality Municipal Securities, Invesco High Yield Investments Funds, Inc., Invesco Insured California Municipal Securities, Invesco Insured Municipal Bond Trust, Invesco Insured Municipal Income Trust, Invesco Insured Municipal Securities, Invesco Insured Municipal Trust, Invesco Municipal Income Opportunities Trust, Invesco Municipal Income Opportunities Trust II, Invesco Municipal Income Opportunities Trust III, Invesco Municipal Premium Income Trust, Invesco New York Quality Municipal Securities, Invesco Prime Income Trust, Invesco Quality Municipal Income Trust, Invesco Quality Municipal Investment Trust, Invesco Quality Municipal Securities and Short-Term Investments Trust (each a "Trust" or, collectively, the "Trusts"), on behalf of the funds listed on the Exhibits to this Memorandum of Agreement (the "Funds"), and Invesco Advisers, Inc. ("Invesco"). Invesco shall and hereby agrees to waive fees or reimburse expenses of each Fund, on behalf of its respective classes as applicable, severally and not jointly, as indicated in the attached Exhibits. 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 Trusts and Invesco agree as follows: For the Contractual Limits (listed in Exhibits A -- D), the Trusts and Invesco agree until at least the expiration date set forth on the attached Exhibits A -- D (the "Expiration Date") that Invesco will waive its fees or reimburse expenses to the extent that expenses of a class of a Fund (excluding (i) interest; (ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary or non-routine items; (v) expenses related to a merger or reorganization, as approved by the Funds' Boards of Trustees; (vi) expenses of the underlying funds that are paid indirectly as a result of share ownership of the underlying funds; and (vii) expenses that each Fund has incurred but did not actually pay because of an expense offset arrangement, if applicable) exceed the rate, on an annualized basis, set forth on the Exhibits of the average daily net assets allocable to such class. Notwithstanding the foregoing, for Funds indicated on Exhibits A -- D with an asterisk, Invesco will waive its fees or reimburse expenses to the extent that total annual fund operating expenses after fee waiver and/or expense reimbursement of a class of a Fund (excluding (i) interest; (ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary or non-routine items; (v) expenses that each Fund has incurred but did not actually pay because of an expense offset arrangement, if applicable) exceed the rate, on an annualized basis, set forth on the Exhibits of the average daily net assets allocable to such class. Acquired fund fees and expenses are not fees or expenses incurred by a fund directly but are expenses of the investment companies in which a fund invests. These fees and expenses are incurred indirectly through the valuation of a fund's investment in these investment companies. Acquired fund fees and expenses are required to be disclosed and included in the total annual fund operating expenses in the prospectus fee table. As a result, the net total annual fund operating expenses shown in the prospectus fee table may exceed the expense limits reflected in Exhibits A-D. With regard to the Contractual Limits, the Board of Trustees of the Trust and Invesco may terminate or modify this Memorandum of Agreement prior to the Expiration Date only by mutual written consent. Invesco will not have any right to reimbursement of any amount so waived or reimbursed. For the Contractual Limits, each of the Trusts and Invesco agree to review the then-current expense limitations for each class of each Fund listed on the Exhibits on a date prior to the Expiration Date to determine whether such limitations should be amended, continued or terminated. The expense limitations will expire upon the Expiration Date unless the Trusts and Invesco have agreed to continue them. The Exhibits will be amended to reflect any such agreement. SUB-ITEM 77 Q 1 (e) For the Voluntary Limits (listed in Exhibits A -- D), the Trusts and Invesco agree that these are not contractual in nature and that Invesco may establish, amend and/or terminate such expense limitations at any time in its sole discretion after consultation with the Funds' Boards of Trustees. Any delay or failure by Invesco to update this Memorandum of Agreement with regards to the terminations, extensions, or expirations of the Voluntary Limits shall have no effect on the term of such Voluntary Limitations; the Voluntary Limitations are listed herein for informational purposes only. It is expressly agreed that the obligations of each Trust 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 each Fund, 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 the Trusts, and this Memorandum of Agreement has been executed and delivered by an authorized officer of the Trusts 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. IN WITNESS WHEREOF, each of the Trusts and Invesco have entered into this Memorandum of Agreement as of the Effective Dates on the attached Exhibits. AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST) AIM EQUITY FUNDS (INVESCO EQUITY FUNDS) AIM FUNDS GROUP (INVESCO FUNDS GROUP) AIM GROWTH SERIES (INVESCO GROWTH SERIES) AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS) AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS) AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS) AIM SECTOR FUNDS (INVESCO SECTOR FUNDS) AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS) AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS) INVESCO CALIFORNIA QUALITY MUNICIPAL SECURITIES INVESCO HIGH YIELD INVESTMENT FUNDS, INC. INVESCO INSURED CALIFORNIA MUNICIPAL SECURITIES INVESCO INSURED MUNICIPAL BOND TRUST INVESCO INSURED MUNICIPAL INCOME TRUST INVESCO INSURED MUNICIPAL SECURITIES INVESCO INSURED MUNICIPAL TRUST INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST II INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST III INVESCO MUNICIPAL PREMIUM INCOME TRUST INVESCO NEW YORK QUALITY MUNICIPAL SECURITIES INVESCO PRIME INCOME TRUST INVESCO QUALITY MUNICIPAL INCOME TRUST INVESCO QUALITY MUNICIPAL INVESTMENT TRUST INVESCO QUALITY MUNICIPAL SECURITIES SHORT-TERM INVESTMENTS TRUST on behalf of the Funds listed in the Exhibits to This Memorandum of Agreement By: /s/ John M. Zerr Title: Senior Vice President 2 SUB-ITEM 77 Q 1 (e) INVESCO ADVISERS, INC. By: /s/ John M. Zerr Title: Senior Vice President 3 as of November 29, 2010 EXHIBIT "A" -- RETAIL FUNDS(1) AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---------------------------------------- ------------ ---------- ---------------- ----------------- Invesco Balanced Fund* Class A Shares Contractual 1.10% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.85% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.85% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.85% February 12, 2010 June 30, 2012 Invesco California Tax-Free Income Fund* Contractual 0.85% February 12, 2010 June 30, 2012 Class A Shares Contractual 1.35% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.35% February 12, 2010 June 30, 2012 Class C Shares Contractual 0.60% February 12, 2010 June 30, 2012 Class Y Shares Invesco Core Plus Bond Fund Class A Shares Contractual 0.90% June 2, 2009 December 31, 2011 Class B Shares Contractual 1.65% June 2, 2009 December 31, 2011 Class C Shares Contractual 1.65% June 2, 2009 December 31, 2011 Class R Shares Contractual 1.15% June 2, 2009 December 31, 2011 Class Y Shares Contractual 0.65% June 2, 2009 December 31, 2011 Institutional Class Shares Contractual 0.65% June 2, 2009 December 31, 2011 Invesco Dividend Growth Securities Fund* Contractual 0.95% February 12, 2010 June 30, 2012 Class A Shares Contractual 1.70% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.70% February 12, 2010 June 30, 2012 Class C Shares Contractual 0.70% February 12, 2010 June 30, 2012 Class Y Shares Invesco Equally-Weighted S&P 500 Fund* Contractual 0.75% February 12, 2010 June 30, 2012 Class A Shares Contractual 1.50% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.50% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.00% February 12, 2010 June 30, 2012 Class R Shares Contractual 0.50% February 12, 2010 June 30, 2012 Class Y Shares Invesco Floating Rate Fund Class A Shares Contractual 1.50% April 14, 2006 December 31, 2011 Class C Shares Contractual 2.00% April 14, 2006 December 31, 2011 Class R Shares Contractual 1.75% April 14, 2006 December 31, 2011 Class Y Shares Contractual 1.25% October 3, 2008 December 31, 2011 Institutional Class Shares Contractual 1.25% April 14, 2006 December 31, 2011 Invesco Fundamental Value Fund* Class A Shares Contractual 1.65% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.40% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.40% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.40% February 12, 2010 June 30, 2012 Invesco Large Cap Relative Value Fund* Class A Shares Contractual 0.95% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.70% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.70% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.70% February 12, 2010 June 30, 2012
4 as of November 29, 2010
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ------------------------------------------- ------------ ---------- ------------------ ----------------- See page 21 for footnotes to Exhibit A. Invesco Multi-Sector Fund Class A Shares Contractual 2.00% July 1, 2009 December 31, 2011 Class B Shares Contractual 2.75% July 1, 2009 December 31, 2011 Class C Shares Contractual 2.75% July 1, 2009 December 31, 2011 Class Y Shares Contractual 1.75% July 1, 2009 December 31, 2011 Institutional Class Shares Contractual 1.75% July 1, 2009 December 31, 2011 Invesco New York Tax-Free Income Fund* Class A Shares Contractual 0.90% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.40% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.40% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.65% February 12, 2010 June 30, 2012 Invesco S&P 500 Index Fund* Class A Shares Contractual 0.65% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.40% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.40% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.40% February 12, 2010 June 30, 2012 Invesco Select Real Estate Income Fund Class A Shares Contractual 2.00% July 1, 2009 December 31, 2011 Class B Shares Contractual 2.75% July 1, 2009 December 31, 2011 Class C Shares Contractual 2.75% July 1, 2009 December 31, 2011 Class Y Shares Contractual 1.75% July 1, 2009 December 31, 2011 Institutional Class Shares Contractual 1.75% July 1, 2009 December 31, 2011 Invesco Structured Core Fund Class A Shares Contractual 1.00% July 1, 2009 December 31, 2011 Class B Shares Contractual 1.75% July 1, 2009 December 31, 2011 Class C Shares Contractual 1.75% July 1, 2009 December 31, 2011 Class R Shares Contractual 1.25% July 1, 2009 December 31, 2011 Class Y Shares Contractual 0.75% July 1, 2009 December 31, 2011 Investor Class Shares Contractual 1.00% July 1, 2009 December 31, 2011 Institutional Class Shares Contractual 0.75% July 1, 2009 December 31, 2011 Invesco Van Kampen American Franchise Fund* Class A Shares Contractual 1.35% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.10% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.10% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.10% February 12, 2010 June 30, 2012 Invesco Van Kampen Core Equity Fund* Class A Shares Contractual 1.20% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.95% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.95% February 12, 2010 June 30, 2012 Class R Shares Contractual 1.45% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.95% February 12, 2010 June 30, 2012 Invesco Van Kampen Equity and Income Fund* Class A Shares Contractual 0.82% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.57% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.57% February 12, 2010 June 30, 2012 Class R Shares Contractual 1.07% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.57% February 12, 2010 June 30, 2012 Institutional Class Shares Contractual 0.57% February 12, 2010 June 30, 2012
5 as of November 29, 2010
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---------------------------------------------- ------------ ---------- ------------------ ----------------- See page 21 for footnotes to Exhibit A. Invesco Van Kampen Equity Premium Income Fund* Class A Shares Contractual 1.24% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.99% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.99% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.99% February 12, 2010 June 30, 2012 Invesco Van Kampen Growth and Income Fund* Class A Shares Contractual 0.88% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.63% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.63% February 12, 2010 June 30, 2012 Class R Shares Contractual 1.13% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.63% February 12, 2010 June 30, 2012 Institutional Class Shares Contractual 0.63% February 12, 2010 June 30, 2012 Invesco Van Kampen Pennsylvania Tax Free Income Fund* Class A Shares Contractual 1.13% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.88% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.88% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.88% February 12, 2010 June 30, 2012 Invesco Van Kampen Small Cap Growth Fund* Class A Shares Contractual 1.38% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.13% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.13% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.13% February 12, 2010 June 30, 2012
AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---------------------------------------------- ------------ ---------- ------------------ ----------------- Invesco Capital Development Fund Class A Shares Contractual 2.00% July 1, 2009 February 28, 2012 Class B Shares Contractual 2.75% July 1, 2009 February 28, 2012 Class C Shares Contractual 2.75% July 1, 2009 February 28, 2012 Class R Shares Contractual 2.25% July 1, 2009 February 28, 2012 Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2012 Investor Class Shares Contractual 2.00% July 1, 2009 February 28, 2012 Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2012 See page 21 for footnotes to Exhibit A. Invesco Charter Fund Class A Shares Contractual 2.00% July 1, 2009 February 28, 2012 Class B Shares Contractual 2.75% July 1, 2009 February 28, 2012 Class C Shares Contractual 2.75% July 1, 2009 February 28, 2012 Class R Shares Contractual 2.25% July 1, 2009 February 28, 2012 Class S Shares Contractual 1.90% September 25, 2009 February 28, 2012 Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2012 Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2012 Invesco Constellation Fund Class A Shares Contractual 2.00% July 1, 2009 February 28, 2012 Class B Shares Contractual 2.75% July 1, 2009 February 28, 2012 Class C Shares Contractual 2.75% July 1, 2009 February 28, 2012 Class R Shares Contractual 2.25% July 1, 2009 February 28, 2012 Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2012
6 as of November 29, 2010
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ------------------ ----------------- Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2012 See page 21 for footnotes to Exhibit A. Invesco Disciplined Equity Fund Class Y Shares Contractual 1.75% July 14, 2009 February 28, 2012 Invesco Diversified Dividend Fund Class A Shares Contractual 2.00% July 1, 2009 February 28, 2012 Class B Shares Contractual 2.75% July 1, 2009 February 28, 2012 Class C Shares Contractual 2.75% July 1, 2009 February 28, 2012 Class R Shares Contractual 2.25% July 1, 2009 February 28, 2012 Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2012 Investor Class Shares Contractual 2.00% July 1, 2009 February 28, 2012 Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2012 Invesco Large Cap Basic Value Fund Class A Shares Contractual 2.00% July 1, 2009 February 28, 2012 Class B Shares Contractual 2.75% July 1, 2009 February 28, 2012 Class C Shares Contractual 2.75% July 1, 2009 February 28, 2012 Class R Shares Contractual 2.25% July 1, 2009 February 28, 2012 Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2012 Investor Class Shares Contractual 2.00% July 1, 2009 February 28, 2012 Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2012 Invesco Large Cap Growth Fund Class A Shares Contractual 2.00% July 1, 2009 February 28, 2012 Class B Shares Contractual 2.75% July 1, 2009 February 28, 2012 Class C Shares Contractual 2.75% July 1, 2009 February 28, 2012 Class R Shares Contractual 2.25% July 1, 2009 February 28, 2012 Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2012 Investor Class Shares Contractual 2.00% July 1, 2009 February 28, 2012 Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2012 Invesco Summit Fund Class A Shares Contractual 2.00% July 1, 2009 February 28, 2012 Class B Shares Contractual 2.75% July 1, 2009 February 28, 2012 Class C Shares Contractual 2.75% July 1, 2009 February 28, 2012 Class P Shares Contractual 1.85% July 1, 2009 February 28, 2012 Class S Shares Contractual 1.90% September 25, 2009 February 28, 2012 Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2012 Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2012 See page 21 for footnotes to Exhibit A.
7 as of November 29, 2010 AIM FUNDS GROUP (INVESCO FUNDS GROUP)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---------------------------------------- ------------ ---------- ----------------- -------------- Invesco Basic Balanced Fund Class A Shares Contractual 2.00% July 1, 2009 April 30, 2012 Class B Shares Contractual 2.75% July 1, 2009 April 30, 2012 Class C Shares Contractual 2.75% July 1, 2009 April 30, 2012 Class R Shares Contractual 2.25% July 1, 2009 April 30, 2012 Class Y Shares Contractual 1.75% July 1, 2009 April 30, 2012 Investor Class Shares Contractual 2.00% July 1, 2009 April 30, 2012 Institutional Class Shares Contractual 1.75% July 1, 2009 April 30, 2012 Invesco European Small Company Fund Class A Shares Contractual 2.25% July 1, 2009 April 30, 2012 Class B Shares Contractual 3.00% July 1, 2009 April 30, 2012 Class C Shares Contractual 3.00% July 1, 2009 April 30, 2012 Class Y Shares Contractual 2.00% July 1, 2009 April 30, 2012 Invesco Global Core Equity Fund Class A Shares Contractual 2.25% July 1, 2009 April 30, 2012 Class B Shares Contractual 3.00% July 1, 2009 April 30, 2012 Class C Shares Contractual 3.00% July 1, 2009 April 30, 2012 Class Y Shares Contractual 2.00% July 1, 2009 April 30, 2012 Institutional Class Shares Contractual 2.00% July 1, 2009 April 30, 2012 Invesco International Small Company Fund Class A Shares Contractual 2.25% July 1, 2009 April 30, 2012 Class B Shares Contractual 3.00% July 1, 2009 April 30, 2012 Class C Shares Contractual 3.00% July 1, 2009 April 30, 2012 Class Y Shares Contractual 2.00% July 1, 2009 April 30, 2012 Institutional Class Shares Contractual 2.00% July 1, 2009 April 30, 2012 Invesco Mid Cap Basic Value Fund Class A Shares Contractual 2.00% July 1, 2009 April 30, 2012 Class B Shares Contractual 2.75% July 1, 2009 April 30, 2012 Class C Shares Contractual 2.75% July 1, 2009 April 30, 2012 Class R Shares Contractual 2.25% July 1, 2009 April 30, 2012 Class Y Shares Contractual 1.75% July 1, 2009 April 30, 2012 Institutional Class Shares Contractual 1.75% July 1, 2009 April 30, 2012 Invesco Select Equity Fund Class A Shares Contractual 2.00% July 1, 2009 April 30, 2012 Class B Shares Contractual 2.75% July 1, 2009 April 30, 2012 Class C Shares Contractual 2.75% July 1, 2009 April 30, 2012 Class Y Shares Contractual 1.75% July 1, 2009 April 30, 2012 Invesco Small Cap Equity Fund Class A Shares Contractual 2.00% July 1, 2009 April 30, 2012 Class B Shares Contractual 2.75% July 1, 2009 April 30, 2012 Class C Shares Contractual 2.75% July 1, 2009 April 30, 2012 Class R Shares Contractual 2.25% July 1, 2009 April 30, 2012 Class Y Shares Contractual 1.75% July 1, 2009 April 30, 2012 Institutional Class Shares Contractual 1.75% July 1, 2009 April 30, 2012 See page 21 for footnotes to Exhibit A.
8 as of November 29, 2010 AIM GROWTH SERIES (INVESCO GROWTH SERIES)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------------- ------------ ---------- ----------------- -------------- Invesco Balanced-Risk Retirement 2010 Fund(3) Class A Shares Contractual 0.25% November 4, 2009 April 30, 2012 Class A5 Shares Contracutal 0.25% February 12, 2010 April 30, 2012 Class B Shares Contractual 1.00% November 4, 2009 April 30, 2012 Class C Shares Contractual 1.00% November 4, 2009 April 30, 2012 Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2012 Class R Shares Contractual 0.50% November 4, 2009 April 30, 2012 Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2012 Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2012 Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2012 Invesco Balanced-Risk Retirement 2020 Fund(4) Class A Shares Contractual 0.25% November 4, 2009 April 30, 2012 Class A5 Shares Contractual 0.25% February 12, 2010 April 30, 2012 Class B Shares Contractual 1.00% November 4, 2009 April 30, 2012 Class C Shares Contractual 1.00% November 4, 2009 April 30, 2012 Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2012 Class R Shares Contractual 0.50% November 4, 2009 April 30, 2012 Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2012 Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2012 Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2012 Invesco Balanced-Risk Retirement 2030 Fund(5) Class A Shares Contractual 0.25% November 4, 2009 April 30, 2012 Class A5 Shares Contractual 0.25% February 12, 2010 April 30, 2012 Class B Shares Contractual 1.00% November 4, 2009 April 30, 2012 Class C Shares Contractual 1.00% November 4, 2009 April 30, 2012 Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2012 Class R Shares Contractual 0.50% November 4, 2009 April 30, 2012 Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2012 Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2012 Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2012 Invesco Balanced-Risk Retirement 2040 Fund(6) Class A Shares Contractual 0.25% November 4, 2009 April 30, 2012 Class A5 Shares Contractual 0.25% February 12, 2010 April 30, 2012 Class B Shares Contractual 1.00% November 4, 2009 April 30, 2012 Class C Shares Contractual 1.00% November 4, 2009 April 30, 2012 Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2012 Class R Shares Contractual 0.50% November 4, 2009 April 30, 2012 Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2012 Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2012 Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2012 Invesco Balanced-Risk Retirement 2050 Fund(8) Class A Shares Contractual 0.25% November 4, 2009 April 30, 2012 Class A5 Shares Contractual 0.25% February 12, 2010 April 30, 2012 Class B Shares Contractual 1.00% November 4, 2009 April 30, 2012 Class C Shares Contractual 1.00% November 4, 2009 April 30, 2012 Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2012 Class R Shares Contractual 0.50% November 4, 2009 April 30, 2012 Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2012 Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2012 Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2012
9 as of November 29, 2010
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE -------------------------------------------- ------------ ---------- ------------------ -------------- See page 21 for footnotes to Exhibit A. Invesco Balanced-Risk Retirement Now Fund(2) Class A Shares Contractual 0.25% November 4, 2009 April 30, 2012 Class A5 Shares Contractual 0.25% February 12, 2010 April 30, 2012 Class B Shares Contractual 1.00% November 4, 2009 April 30, 2012 Class C Shares Contractual 1.00% November 4, 2009 April 30, 2012 Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2012 Class R Shares Contractual 0.50% November 4, 2009 April 30, 2012 Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2012 Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2012 Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2012 Invesco Basic Value Fund Class A Shares Contractual 2.00% July 1, 2009 April 30, 2012 Class B Shares Contractual 2.75% July 1, 2009 April 30, 2012 Class C Shares Contractual 2.75% July 1, 2009 April 30, 2012 Class R Shares Contractual 2.25% July 1, 2009 April 30, 2012 Class Y Shares Contractual 1.75% July 1, 2009 April 30, 2012 Institutional Class Shares Contractual 1.75% July 1, 2009 APRIL 30, 2012 Invesco Conservative Allocation Fund Class A Shares Contractual 0.48% July 1, 2009 April 30, 2012 Class B Shares Contractual 1.23% July 1, 2009 April 30, 2012 Class C Shares Contractual 1.23% July 1, 2009 April 30, 2012 Class R Shares Contractual 0.73% July 1, 2009 April 30, 2012 Class S Shares Contractual 0.38% September 25, 2009 April 30, 2012 Class Y Shares Contractual 0.23% July 1, 2009 April 30, 2012 Institutional Class Shares Contractual 0.23% July 1, 2009 April 30, 2012 Invesco Convertible Securities Fund* Class A Shares Contractual 1.27% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.02% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.02% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.02% February 12, 2010 June 30, 2012 Invesco Global Equity Fund Class A Shares Contractual 2.25% July 1, 2009 April 30, 2012 Class B Shares Contractual 3.00% July 1, 2009 April 30, 2012 Class C Shares Contractual 3.00% July 1, 2009 April 30, 2012 Class R Shares Contractual 2.50% July 1, 2009 April 30, 2012 Class Y Shares Contractual 2.00% July 1, 2009 April 30, 2012 Institutional Class Shares Contractual 2.00% July 1, 2009 April 30, 2012 Invesco Growth Allocation Fund Class A Shares Contractual 0.46% July 1, 2009 April 30, 2012 Class B Shares Contractual 1.21% July 1, 2009 April 30, 2012 Class C Shares Contractual 1.21% July 1, 2009 April 30, 2012 Class R Shares Contractual 0.71% July 1, 2009 April 30, 2012 Class S Shares Contractual 0.36% September 25, 2009 April 30, 2012 Class Y Shares Contractual 0.21% July 1, 2009 April 30, 2012 Institutional Class Shares Contractual 0.21% July 1, 2009 April 30, 2012 Invesco Income Allocation Fund Class A Shares Contractual 0.28% July 1, 2009 April 30, 2012 Class B Shares Contractual 1.03% July 1, 2009 April 30, 2012 Class C Shares Contractual 1.03% July 1, 2009 April 30, 2012 Class R Shares Contractual 0.53% July 1, 2009 April 30, 2012 Class Y Shares Contractual 0.03% July 1, 2009 April 30, 2012 Institutional Class Shares Contractual 0.03% July 1, 2009 April 30, 2012
10 as of November 29, 2010
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ------------------ -------------- See page 21 for footnotes to Exhibit A. Invesco International Allocation Fund Class A Shares Contractual 0.43% July 1, 2009 April 30, 2012 Class B Shares Contractual 1.18% July 1, 2009 April 30, 2012 Class C Shares Contractual 1.18% July 1, 2009 April 30, 2012 Class R Shares Contractual 0.68% July 1, 2009 April 30, 2012 Class Y Shares Contractual 0.18% July 1, 2009 April 30, 2012 Institutional Class Shares Contractual 0.18% July 1, 2009 April 30, 2012 Invesco Mid Cap Core Equity Fund Class A Shares Contractual 2.00% July 1, 2009 April 30, 2012 Class B Shares Contractual 2.75% July 1, 2009 April 30, 2012 Class C Shares Contractual 2.75% July 1, 2009 April 30, 2012 Class R Shares Contractual 2.25% July 1, 2009 April 30, 2012 Class Y Shares Contractual 1.75% July 1, 2009 April 30, 2012 Institutional Class Shares Contractual 1.75% July 1, 2009 April 30, 2012 Invesco Moderate Allocation Fund Class A Shares Contractual 0.37% July 1, 2009 April 30, 2012 Class B Shares Contractual 1.12% July 1, 2009 April 30, 2012 Class C Shares Contractual 1.12% July 1, 2009 April 30, 2012 Class R Shares Contractual 0.62% July 1, 2009 April 30, 2012 Class S Shares Contractual 0.27% September 25, 2009 April 30, 2012 Class Y Shares Contractual 0.12% July 1, 2009 April 30, 2012 Institutional Class Shares Contractual 0.12% July 1, 2009 April 30, 2012 Invesco Moderate Growth Allocation Fund Class A Shares Contractual 0.37% July 1, 2009 April 30, 2012 Class B Shares Contractual 1.12% July 1, 2009 April 30, 2012 Class C Shares Contractual 1.12% July 1, 2009 April 30, 2012 Class R Shares Contractual 0.62% July 1, 2009 April 30, 2012 Class Y Shares Contractual 0.12% July 1, 2009 April 30, 2012 Institutional Class Shares Contractual 0.12% July 1, 2009 April 30, 2012 Invesco Moderately Conservative Allocation Fund Class A Shares Contractual 0.39% July 1, 2009 April 30, 2012 Class B Shares Contractual 1.14% July 1, 2009 April 30, 2012 Class C Shares Contractual 1.14% July 1, 2009 April 30, 2012 Class R Shares Contractual 0.64% July 1, 2009 April 30, 2012 Class Y Shares Contractual 0.14% July 1, 2009 April 30, 2012 Institutional Class Shares Contractual 0.14% July 1, 2009 April 30, 2012 Invesco Small Cap Growth Fund Class A Shares Contractual 2.00% July 1, 2009 April 30, 2012 Class B Shares Contractual 2.75% July 1, 2009 April 30, 2012 Class C Shares Contractual 2.75% July 1, 2009 April 30, 2012 Class R Shares Contractual 2.25% July 1, 2009 April 30, 2012 Class Y Shares Contractual 1.75% July 1, 2009 April 30, 2012 Investor Class Shares Contractual 2.00% July 1, 2009 April 30, 2012 Institutional Class Shares Contractual 1.75% July 1, 2009 April 30, 2012 Invesco Van Kampen Asset Allocation Conservative Fund* Class A Shares Contractual 0.40% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.15% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.15% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.15% February 12, 2010 June 30, 2012 See page 21 for footnotes to Exhibit A.
11 as of November 29, 2010
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ------------------ ------------- Invesco Van Kampen Asset Allocation Growth Fund* Class A Shares Contractual 0.40% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.15% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.15% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.15% February 12, 2010 June 30, 2012 Invesco Van Kampen Asset Allocation Moderate Fund* Class A Shares Contractual 0.40% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.15% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.15% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.15% February 12, 2010 June 30, 2012 Invesco Van Kampen Harbor Fund* Class A Shares Contractual 1.11% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.86% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.86% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.86% February 12, 2010 June 30, 2012 Institutional Class Shares Contractual 0.86% February 12, 2010 June 30, 2012 Invesco Van Kampen Leaders Fund* Class A Shares Contractual 0.50% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.25% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.25% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.25% February 12, 2010 June 30, 2012 Invesco Van Kampen Real Estate Securities Fund* Class A Shares Contractual 1.55% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.30% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.30% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.30% February 12, 2010 June 30, 2012 Institutional Class Shares Contractual 1.30% February 12, 2010 June 30, 2012 Invesco Van Kampen U.S. Mortgage Fund* Class A Shares Contractual 0.96% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.71% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.71% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.71% February 12, 2010 June 30, 2012 Institutional Class Shares Contractual 0.71% February 12, 2010 June 30, 2012
AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ------------------------------------------ ------------ ---------- ------------------ ----------------- Invesco Asia Pacific Growth Fund Class A Shares Contractual 2.25% July 1, 2009 February 28, 2012 Class B Shares Contractual 3.00% July 1, 2009 February 28, 2012 Class C Shares Contractual 3.00% July 1, 2009 February 28, 2012 Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2012 Invesco European Growth Fund Class A Shares Contractual 2.25% July 1, 2009 February 28, 2012 Class B Shares Contractual 3.00% July 1, 2009 February 28, 2012 Class C Shares Contractual 3.00% July 1, 2009 February 28, 2012
12 as of November 29, 2010
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ------------------------------------------ ------------ ---------- ------------------ ----------------- Class R Shares Contractual 2.50% July 1, 2009 February 28, 2012 Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2012 Investor Class Shares Contractual 2.25% July 1, 2009 February 28, 2012 See page 21 for footnotes to Exhibit A. Invesco Global Growth Fund Class A Shares Contractual 2.25% July 1, 2009 February 28, 2012 Class B Shares Contractual 3.00% July 1, 2009 February 28, 2012 Class C Shares Contractual 3.00% July 1, 2009 February 28, 2012 Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2012 Institutional Class Shares Contractual 2.00% July 1, 2009 February 28, 2012 Invesco Global Small & Mid Cap Growth Fund Class A Shares Contractual 2.25% July 1, 2009 February 28, 2012 Class B Shares Contractual 3.00% July 1, 2009 February 28, 2012 Class C Shares Contractual 3.00% July 1, 2009 February 28, 2012 Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2012 Institutional Class Shares Contractual 2.00% July 1, 2009 February 28, 2012 Invesco International Core Equity Fund Class A Shares Contractual 2.25% July 1, 2009 February 28, 2012 Class B Shares Contractual 3.00% July 1, 2009 February 28, 2012 Class C Shares Contractual 3.00% July 1, 2009 February 28, 2012 Class R Shares Contractual 2.50% July 1, 2009 February 28, 2012 Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2012 Investor Class Shares Contractual 2.25% July 1, 2009 February 28, 2012 Institutional Class Shares Contractual 2.00% July 1, 2009 February 28, 2012 Invesco International Growth Fund Class A Shares Contractual 2.25% July 1, 2009 February 28, 2012 Class B Shares Contractual 3.00% July 1, 2009 February 28, 2012 Class C Shares Contractual 3.00% July 1, 2009 February 28, 2012 Class R Shares Contractual 2.50% July 1, 2009 February 28, 2012 Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2012 Institutional Class Shares Contractual 2.00% July 1, 2009 February 28, 2012
AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ------------------------------------------ ------------ ---------- ----------------- ----------------- Invesco Balanced-Risk Allocation Fund(8) Class A Shares Contractual 1.04% November 4, 2009 February 28, 2012 Class B Shares Contractual 1.79% November 4, 2009 February 28, 2012 Class C Shares Contractual 1.79% November 4, 2009 February 28, 2012 Class R Shares Contractual 1.29% November 4, 2009 February 28, 2012 Class Y Shares Contractual 0.79% November 4, 2009 February 28, 2012 Institutional Class Shares Contractual 0.79% November 4, 2009 February 28, 2012 Invesco Balanced-Risk Commodity Strategy Fund(9) Class A Shares Contractual 1.22% November 29, 2010 February 28, 2012 Class B Shares Contractual 1.97% November 29, 2010 February 28, 2012 Class C Shares Contractual 1.97% November 29, 2010 February 28, 2012 Class R Shares Contractual 1.47% November 29, 2010 February 28, 2012 Class Y Shares Contractual 0.97% November 29, 2010 February 28, 2012 Institutional Class Shares Contractual 0.97% November 29, 2010 February 28, 2012 Invesco China Fund Class A Shares Contractual 2.25% July 1, 2009 February 28, 2012 Class B Shares Contractual 3.00% July 1, 2009 February 28, 2012 Class C Shares Contractual 3.00% July 1, 2009 February 28, 2012
13 as of November 29, 2010
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ------------------------------------------ ------------ ---------- ----------------- ----------------- Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2012 Institutional Class Shares Contractual 2.00% July 1, 2009 February 28, 2012 See page 21 for footnotes to Exhibit A. Invesco Commodities Strategy Fund* Class A Shares Contractual 1.25% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.00% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.00% February 12, 2010 June 30, 2012 Class R Shares Contractual 1.50% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.00% February 12, 2010 June 30, 2012 Institutional Class Shares Contractual 1.00% February 12, 2010 June 30, 2012 Invesco Developing Markets Fund Class A Shares Contractual 2.25% July 1, 2009 February 28, 2012 Class B Shares Contractual 3.00% July 1, 2009 February 28, 2012 Class C Shares Contractual 3.00% July 1, 2009 February 28, 2012 Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2012 Institutional Class Shares Contractual 2.00% July 1, 2009 February 28, 2012 Invesco Emerging Market Local Currency Debt Fund Class A Shares Contractual 1.24% June 14, 2010 February 28, 2012 Class B Shares Contractual 1.99% June 14, 2010 February 28, 2012 Class C Shares Contractual 1.99% June 14, 2010 February 28, 2012 Class R Shares Contractual 1.49% June 14, 2010 February 28, 2012 Class Y Shares Contractual 0.99% June 14, 2010 February 28, 2012 Institutional Class Shares Contractual 0.99% June 14, 2010 February 28, 2012 Invesco Endeavor Fund Class A Shares Contractual 2.00% July 1, 2009 February 28, 2012 Class B Shares Contractual 2.75% July 1, 2009 February 28, 2012 Class C Shares Contractual 2.75% July 1, 2009 February 28, 2012 Class R Shares Contractual 2.25% July 1, 2009 February 28, 2012 Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2012 Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2012 Invesco Global Advantage Fund* Class A Shares Contractual 1.41% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.16% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.16% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.16% February 12, 2010 June 30, 2012 Invesco Global Dividend Growth Securities Fund* Class A Shares Contractual 1.25% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.00% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.00% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.00% February 12, 2010 June 30, 2012 Invesco Global Fund Class A Shares Contractual 2.25% July 1, 2009 February 28, 2012 Class B Shares Contractual 3.00% July 1, 2009 February 28, 2012 Class C Shares Contractual 3.00% July 1, 2009 February 28, 2012 Class R Shares Contractual 2.50% July 1, 2009 February 28, 2012 Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2012 Institutional Class Shares Contractual 2.00% July 1, 2009 February 28, 2012 Invesco Global Health Care Fund Class A Shares Contractual 2.00% July 1, 2009 February 28, 2012 Class B Shares Contractual 2.75% July 1, 2009 February 28, 2012 Class C Shares Contractual 2.75% July 1, 2009 February 28, 2012 Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2012 Investor Class Shares Contractual 2.00% July 1, 2009 February 28, 2012
14 as of November 29, 2010
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ------------------------------------------ ------------ ---------- ----------------- ----------------- Invesco Health Sciences Fund* Class A Shares Contractual 1.65% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.40% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.40% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.40% February 12, 2010 June 30, 2012 See page 21 for footnotes to Exhibit A. Invesco International Total Return Fund Class A Shares Contractual 1.10% March 31, 2006 February 28, 2012 Class B Shares Contractual 1.85% March 31, 2006 February 28, 2012 Class C Shares Contractual 1.85% March 31, 2006 February 28, 2012 Class Y Shares Contractual 0.85% October 3, 2008 February 28, 2012 Institutional Class Shares Contractual 0.85% March 31, 2006 February 28, 2012 Invesco Japan Fund Class A Shares Contractual 2.25% March 31, 2006 February 28, 2012 Class B Shares Contractual 3.00% March 31, 2006 February 28, 2012 Class C Shares Contractual 3.00% March 31, 2006 February 28, 2012 Class Y Shares Contractual 2.00% October 3, 2008 February 28, 2012 Institutional Class Shares Contractual 2.00% March 31, 2006 February 28, 2012 Invesco LIBOR Alpha Fund Class A Shares Contractual 0.85% March 31, 2006 February 28, 2012 Class C Shares Contractual 1.10%(3) March 31, 2006 February 28, 2012 Class R Shares Contractual 1.10% March 31, 2006 February 28, 2012 Class Y Shares Contractual 0.60% October 3, 2008 February 28, 2012 Institutional Class Shares Contractual 0.60% March 31, 2006 February 28, 2012 Invesco Pacific Growth Fund* Class A Shares Contractual 1.88% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.63% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.63% February 12, 2010 June 30, 2012 Class R Shares Contractual 2.13% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.63% February 12, 2010 June 30, 2012 Invesco Small Companies Fund Class A Shares Contractual 2.00% July 1, 2009 February 28, 2012 Class B Shares Contractual 2.75% July 1, 2009 February 28, 2012 Class C Shares Contractual 2.75% July 1, 2009 February 28, 2012 Class R Shares Contractual 2.25% July 1, 2009 February 28, 2012 Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2012 Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2012 Invesco Van Kampen Emerging Markets Fund* Class A Shares Contractual 2.10% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.85% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.85% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.85% February 12, 2010 June 30, 2012 Institutional Class Shares Contractual 1.85% February 12, 2010 June 30, 2012 Invesco Van Kampen Global Equity Allocation Fund* Class A Shares Contractual 1.70% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.45% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.45% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.45% February 12, 2010 June 30, 2012
15 as of November 29, 2010
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ------------------------------------------ ------------ ---------- ----------------- --------------- Invesco Van Kampen Global Franchise Fund* Class A Shares Contractual 1.28% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.03% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.03% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.03% February 12, 2010 June 30, 2012 See page 21 for footnotes to Exhibit A. Invesco Van Kampen Global Tactical Asset Allocation Fund* Class A Shares Contractual 1.20% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.95% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.95% February 12, 2010 June 30, 2012 Class R Shares Contractual 1.45% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.95% February 12, 2010 June 30, 2012 Institutional Class Shares Contractual 0.95% February 12, 2010 June 30, 2012 Invesco Van Kampen International Advantage Fund* Class A Shares Contractual 1.65% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.40% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.40% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.40% February 12, 2010 June 30, 2012 Invesco Van Kampen International Growth Fund* Class A Shares Contractual 1.40% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.15% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.15% February 12, 2010 June 30, 2012 Class R Shares Contractual 1.65% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.15% February 12, 2010 June 30, 2012 Institutional Class Shares Contractual 1.15% February 12, 2010 June 30, 2012
AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ------------------------------------------ ------------ ---------- ----------------- -------------- Invesco Core Bond Fund Class A Shares Contractual 0.80% March 4, 2009 June 30, 2011 Class B Shares Contractual 1.55% March 4, 2009 June 30, 2011 Class C Shares Contractual 1.55% March 4, 2009 June 30, 2011 Class R Shares Contractual 1.05% March 4, 2009 June 30, 2011 Class Y Shares Contractual 0.55% March 4, 2009 June 30, 2011 Institutional Class Shares Contractual 0.55% March 4, 2009 June 30, 2011 Invesco Dynamics Fund Class A Shares Contractual 2.00% July 1, 2009 June 30, 2011 Class B Shares Contractual 2.75% July 1, 2009 June 30, 2011 Class C Shares Contractual 2.75% July 1, 2009 June 30, 2011 Class R Shares Contractual 2.25% July 1, 2009 June 30, 2011 Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2011 Investor Class Shares Contractual 2.00% July 1, 2009 June 30, 2011 Institutional Class Shares Contractual 1.75% July 1, 2009 June 30, 2011 Invesco Global Real Estate Fund Class A Shares Contractual 2.00% July 1, 2009 June 30, 2011 Class B Shares Contractual 2.75% July 1, 2009 June 30, 2011 Class C Shares Contractual 2.75% July 1, 2009 June 30, 2011 Class R Shares Contractual 2.25% July 1, 2009 June 30, 2011 Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2011 Institutional Class Shares Contractual 1.75% July 1, 2009 June 30, 2011
16 as of November 29, 2010
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ------------------------------------------ ------------ ---------- ----------------- ------------- Invesco High Yield Fund Class A Shares Contractual 0.99% March 4, 2009 June 30, 2011 Class B Shares Contractual 1.74% March 4, 2009 June 30, 2011 Class C Shares Contractual 1.74% March 4, 2009 June 30, 2011 Class Y Shares Contractual 0.74% March 4, 2009 June 30, 2011 Investor Class Shares Contractual 0.99% March 4, 2009 June 30, 2011 Institutional Class Shares Contractual 0.74% March 4, 2009 June 30, 2011 See page 21 for footnotes to Exhibit A. Invesco High Yield Securities Fund* Class A Shares Contractual 2.13% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.63% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.73% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.88% February 12, 2010 June 30, 2012 Invesco Municipal Bond Fund Class A Shares Contractual 0.57% March 4, 2009 June 30, 2011 Class B Shares Contractual 1.32% March 4, 2009 June 30, 2011 Class C Shares Contractual 1.32% March 4, 2009 June 30, 2011 Class Y Shares Contractual 0.32% March 4, 2009 June 30, 2011 Investor Class Shares Contractual 0.57% March 4, 2009 June 30, 2011 Invesco Real Estate Fund Class A Shares Contractual 2.00% July 1, 2009 June 30, 2011 Class B Shares Contractual 2.75% July 1, 2009 June 30, 2011 Class C Shares Contractual 2.75% July 1, 2009 June 30, 2011 Class R Shares Contractual 2.25% July 1, 2009 June 30, 2011 Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2011 Investor Class Shares Contractual 2.00% July 1, 2009 June 30, 2011 Institutional Class Shares Contractual 1.75% July 1, 2009 June 30, 2011 Invesco Short Term Bond Fund Class A Shares Contractual 0.66% March 4, 2009 June 30, 2011 Class C Shares Contractual 0.91%(9) March 4, 2009 June 30, 2011 Class R Shares Contractual 0.91% March 4, 2009 June 30, 2011 Class Y Shares Contractual 0.41% March 4, 2009 June 30, 2011 Institutional Class Shares Contractual 0.41% March 4, 2009 June 30, 2011 Invesco Van Kampen Core Plus Fixed Income Fund* Class A Shares Contractual 0.75% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.50% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.50% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.50% February 12, 2010 June 30, 2012 Invesco Van Kampen Corporate Bond Fund* Class A Shares Contractual 0.95% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.70% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.70% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.70% February 12, 2010 June 30, 2012 Institutional Class Shares Contractual 0.70% February 12, 2010 June 30, 2012 Invesco Van Kampen Government Securities Fund* Class A Shares Contractual 1.03% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.78% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.78% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.78% February 12, 2010 June 30, 2012 Institutional Class Shares Contractual 0.78% February 12, 2010 June 30, 2012 Invesco Van Kampen High Yield Fund* Class A Shares Contractual 1.03% February 12, 2010 June 30, 2012
17 as of November 29, 2010
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ------------------------------------------ ------------ ---------- ----------------- ------------- Class B Shares Contractual 1.78% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.78% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.78% February 12, 2010 June 30, 2012 Institutional Class Shares Contractual 0.78% February 12, 2010 June 30, 2012 See page 21 for footnotes to Exhibit A. Invesco Van Kampen Limited Duration Fund* Class A Shares Contractual 0.93% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.43% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.43% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.78% February 12, 2010 June 30, 2012 Institutional Class Shares Contractual 0.78% February 12, 2010 June 30, 2012
AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ------------------------------------------ ------------ ---------- ----------------- --------------- Invesco Energy Fund Class A Shares Contractual 2.00% July 1, 2009 August 31, 2011 Class B Shares Contractual 2.75% July 1, 2009 August 31, 2011 Class C Shares Contractual 2.75% July 1, 2009 August 31, 2011 Class Y Shares Contractual 1.75% July 1, 2009 August 31, 2011 Investor Class Shares Contractual 2.00% July 1, 2009 August 31, 2011 Institutional Class Shares Contractual 1.75% July 1, 2009 August 31, 2011 Invesco Financial Services Fund Class A Shares Contractual 2.00% July 1, 2009 August 31, 2011 Class B Shares Contractual 2.75% July 1, 2009 August 31, 2011 Class C Shares Contractual 2.75% July 1, 2009 August 31, 2011 Class Y Shares Contractual 1.75% July 1, 2009 August 31, 2011 Investor Class Shares Contractual 2.00% July 1, 2009 August 31, 2011 Invesco Gold & Precious Metals Fund Class A Shares Contractual 2.00% July 1, 2009 August 31, 2011 Class B Shares Contractual 2.75% July 1, 2009 August 31, 2011 Class C Shares Contractual 2.75% July 1, 2009 August 31, 2011 Class Y Shares Contractual 1.75% July 1, 2009 August 31, 2011 Investor Class Shares Contractual 2.00% July 1, 2009 August 31, 2011 Invesco Leisure Fund Class A Shares Contractual 2.00% July 1, 2009 August 31, 2011 Class B Shares Contractual 2.75% July 1, 2009 August 31, 2011 Class C Shares Contractual 2.75% July 1, 2009 August 31, 2011 Class R Shares Contractual 2.25% July 1, 2009 August 31, 2011 Class Y Shares Contractual 1.75% July 1, 2009 August 31, 2011 Investor Class Shares Contractual 2.00% July 1, 2009 August 31, 2011 Invesco Mid-Cap Value Fund* Class A Shares Contractual 1.64% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.39% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.39% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.39% February 12, 2010 June 30, 2012 Invesco Small-Mid Special Value Fund* Class A Shares Class B Shares Contractual 1.46% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.21% February 12, 2010 June 30, 2012 Class Y Shares Contractual 2.21% February 12, 2010 June 30, 2012 Contractual 1.21% February 12, 2010 June 30, 2012 Invesco Special Value Fund* Class A Shares Contractual 1.34% February 12, 2010 June 30, 2012
18 as of November 29, 2010
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ------------------------------------------ ------------ ---------- ----------------- ---------------- Class B Shares Contractual 2.09% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.09% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.09% February 12, 2010 June 30, 2012 Invesco Technology Fund Class A Shares Contractual 2.00% July 1, 2009 August 31, 2011 Class B Shares Contractual 2.75% July 1, 2009 August 31, 2011 Class C Shares Contractual 2.75% July 1, 2009 August 31, 2011 Class Y Shares Contractual 1.75% July 1, 2009 August 31, 2011 Investor Class Shares Contractual 2.00% July 1, 2009 August 31, 2011 Institutional Class Shares Contractual 1.75% July 1, 2009 August 31, 2011 See page 21 for footnotes to Exhibit A. Invesco Technology Sector Fund* Class A Shares Contractual 2.00% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.75% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.75% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.75% February 12, 2010 June 30, 2012 Invesco U.S. Mid Cap Value Fund* Class A Shares Contractual 1.27% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.02% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.02% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.02% February 12, 2010 June 30, 2012 Invesco U.S. Small Cap Value Fund* Class A Shares Contractual 1.12% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.87% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.87% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.87% February 12, 2010 June 30, 2012 Invesco U.S. Small/Mid Cap Value Fund* Class A Shares Contractual 1.51% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.26% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.26% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.26% February 12, 2010 June 30, 2012 Invesco Utilities Fund Class A Shares Contractual 2.00% July 1, 2009 August 31, 2011 Class B Shares Contractual 2.75% July 1, 2009 August 31, 2011 Class C Shares Contractual 2.75% July 1, 2009 August 31, 2011 Class Y Shares Contractual 1.75% July 1, 2009 August 31, 2011 Investor Class Shares Contractual 2.00% July 1, 2009 August 31, 2011 Institutional Class Shares Contractual 1.75% July 1, 2009 August 31, 2011 Invesco Value Fund* Class A Shares Contractual 1.25% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.00% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.00% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.00% February 12, 2010 June 30, 2012 Invesco Value II Fund* Class A Shares Contractual 1.01% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.76% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.76% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.76% February 12, 2010 June 30, 2012 Invesco Van Kampen American Value Fund* Class A Shares Contractual 1.41% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.16% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.16% February 12, 2010 June 30, 2012 Class R Shares Contractual 1.66% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.16% February 12, 2010 June 30, 2012
19 as of November 29, 2010
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ------------------------------------------ ------------ ---------- ----------------- -------------- Institutional Class Shares Contractual 1.16% February 12, 2010 June 30, 2012 Invesco Van Kampen Capital Growth Fund* Class A Shares Contractual 1.28% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.03% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.03% February 12, 2010 June 30, 2012 Class R Shares Contractual 1.53% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.03% February 12, 2010 June 30, 2012 Institutional Class Shares Contractual 1.03% February 12, 2010 June 30, 2012 See page 21 for footnotes to Exhibit A. Invesco Van Kampen Comstock Fund* Class A Shares Contractual 0.89% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.64% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.64% February 12, 2010 June 30, 2012 Class R Shares Contractual 1.14% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.64% February 12, 2010 June 30, 2012 Institutional Class Shares Contractual 0.64% February 12, 2010 June 30, 2012 Invesco Van Kampen Enterprise Fund* Class A Shares Contractual 1.17% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.92% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.92% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.92% February 12, 2010 June 30, 2012 Invesco Van Kampen Mid Cap Growth Fund* Class A Shares Contractual 1.40% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.15% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.15% February 12, 2010 June 30, 2012 Class R Shares Contractual 1.65% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.15% February 12, 2010 June 30, 2012 Institutional Class Shares Contractual 1.15% February 12, 2010 June 30, 2012 Invesco Van Kampen Small Cap Value Fund* Class A Shares Contractual 1.34% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.09% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.09% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.09% February 12, 2010 June 30, 2012 Invesco Van Kampen Technology Sector Fund* Class A Shares Contractual 1.95% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.70% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.70% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.70% February 12, 2010 June 30, 2012 Invesco Van Kampen Utility Fund* Class A Shares Contractual 1.32% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.07% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.07% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.07% February 12, 2010 June 30, 2012 Van Kampen Value Opportunities Fund* Class A Shares Contractual 1.41% February 12, 2010 June 30, 2012 Class B Shares Contractual 2.16% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.16% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.16% February 12, 2010 June 30, 2012
20 as of November 29, 2010 AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ------------------------------------------ ------------ ---------- ----------------- ------------- Invesco High Income Municipal Fund Class A Shares Voluntary 0.83% March 4, 2009 N/A(10) Class B Shares Voluntary 1.58% March 4, 2009 N/A(10) Class C Shares Voluntary 1.58% March 4, 2009 N/A(10) Class Y Shares Voluntary 0.58% March 4, 2009 N/A(10) Institutional Class Shares Voluntary 0.58% March 4, 2009 N/A(10) See page 21 for footnotes to Exhibit A. Invesco Municipal Fund* Class A Shares Contractual 0.75% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.50% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.50% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.50% February 12, 2010 June 30, 2012 Invesco Tax-Exempt Securities Fund* Class A Shares Class B Shares Contractual 0.83% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.18% February 12, 2010 June 30, 2012 Class Y Shares Contractual 1.28% February 12, 2010 June 30, 2012 Contractual 0.58% February 12, 2010 June 30, 2012 Invesco Van Kampen California Insured Tax Free Fund* Class A Shares Contractual 0.95% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.70% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.70% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.70% February 12, 2010 June 30, 2012 Invesco Van Kampen High Yield Municipal Fund* Class A Shares Contractual 0.87% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.62% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.62% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.62% February 12, 2010 June 30, 2012 Invesco Van Kampen Insured Tax Free Income Fund* Class A Shares Contractual 0.90% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.65% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.65% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.65% February 12, 2010 June 30, 2012 Invesco Van Kampen Intermediate Term Municipal Income Fund* Class A Shares Contractual 0.90% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.65% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.65% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.65% February 12, 2010 June 30, 2012 Invesco Van Kampen Municipal Income Fund* Class A Shares Contractual 0.90% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.65% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.65% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.65% February 12, 2010 June 30, 2012 Invesco Van Kampen New York Tax Free Income Fund* Class A Shares Contractual 0.78% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.53% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.53% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.53% February 12, 2010 June 30, 2012
21 as of November 29, 2010 See page 21 for footnotes to Exhibit A. (1) The total operating expenses of any class of shares established after the date of this Memorandum of Agreement will be limited to the amount established for Class A Shares plus the difference between the new class 12b-1 rate and the Class A 12b-1 rate. (2) In addition upon closing of a reorganization with Van Kampen In Retirement, the Fund's contractual limit through at least June 30, 2012 (excluding only items included in "notwithstanding" sentence discussed above) will be 0.47%, 1.22%, 0.72% and 0.22% for Class A5, C5, R5 and Y, respectively. (3) In addition upon closing of a reorganization with Van Kampen 2010 Retirement Strategy and Van Kampen 2015 Retirement Strategy, the Fund's contractual limit through at least June 30, 2012 (excluding only items included in "notwithstanding" sentence discussed above) will be 0.38%, 1.13%, 0.63% and 0.13% for Class A5, C5, R5 and Y, respectively. (4) In addition upon closing of a reorganization with Van Kampen 2020 Retirement Strategy and Van Kampen 2025 Retirement Strategy, the Fund's contractual limit through at least June 30, 2012 (excluding only items included in "notwithstanding" sentence discussed above) will be 0.41%, 1.16%, 0.66% and 0.16% for Class A5, C5, R5 and Y, respectively. (5) In addition upon closing of a reorganization with Van Kampen 30 Retirement Strategy and Van Kampen 2035 Retirement Strategy, the Fund's contractual limit through at least June 30, 2012 (excluding only items included in "notwithstanding" sentence discussed above) will be 0.29%, 1.04%, 0.54% and 0.04% for Class A5, C5, R5 and Y, respectively. (6) In addition upon closing of a reorganization with Van Kampen 2040 Retirement Strategy and Van Kampen 2045 Retirement Strategy, the Fund's contractual limit through at least June 30, 2012 (excluding only items included in "notwithstanding" sentence discussed above) will be 0.28%, 1.03%, 0.53% and 0.03% for Class A5, C5, R5 and Y, respectively. (7) In addition upon closing of a reorganization with Van Kampen 50 Retirement Strategy, the Fund's contractual limit through at least June 30, 2012 (excluding only items included in "notwithstanding" sentence discussed above) will be 0.26%, 1.01%, 0.51% and 0.01% for Class A5, C5, R5 and Y, respectively. (8) Includes waived fees or reimbursed expenses that Invesco receives from Invesco Aim Cayman Commodity Fund I, Ltd. (9) The expense limit shown is the expense limit after Rule 12b-1 fee waivers by Invesco Distributors, Inc. (10) Invesco may establish, amend or terminate voluntary waivers at any time in its sole discretion after consultation with the Trust. 22 as of November 29, 2010 EXHIBIT "B" -- INSTITUTIONAL MONEY MARKET FUNDS(1),(2) SHORT-TERM INVESTMENTS TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ----------------- ----------------- Government & Agency Portfolio Cash Management Class Contractual 0.22%(2) July 1, 2009 December 31, 2011 Corporate Class Contractual 0.17% July 1, 2009 December 31, 2011 Institutional Class Contractual 0.14% July 1, 2009 December 31, 2011 Personal Investment Class Contractual 0.69%(2) July 1, 2009 December 31, 2011 Private Investment Class Contractual 0.44%(2) July 1, 2009 December 31, 2011 Reserve Class Contractual 1.01%(2) July 1, 2009 December 31, 2011 Resource Class Contractual 0.30%(2) July 1, 2009 December 31, 2011 Government TaxAdvantage Portfolio Cash Management Class Contractual 0.22%(2) July 1, 2009 December 31, 2011 Corporate Class Contractual 0.17% July 1, 2009 December 31, 2011 Institutional Class Contractual 0.14% July 1, 2009 December 31, 2011 Personal Investment Class Contractual 0.69%(2) July 1, 2009 December 31, 2011 Private Investment Class Contractual 0.39%(2) July 1, 2009 December 31, 2011 Reserve Class Contractual 1.01%(2) July 1, 2009 December 31, 2011 Resource Class Contractual 0.30%(2) July 1, 2009 December 31, 2011 Liquid Assets Portfolio Cash Management Class Contractual 0.22%(2) July 1, 2009 December 31, 2011 Corporate Class Contractual 0.17% July 1, 2009 December 31, 2011 Institutional Class Contractual 0.14% July 1, 2009 December 31, 2011 Personal Investment Class Contractual 0.69%(2) July 1, 2009 December 31, 2011 Private Investment Class Contractual 0.44%(2) July 1, 2009 December 31, 2011 Reserve Class Contractual 1.01%(2) July 1, 2009 December 31, 2011 Resource Class Contractual 0.34% July 1, 2009 December 31, 2011 STIC Prime Portfolio Cash Management Class Contractual 0.22%(2) July 1, 2009 December 31, 2011 Corporate Class Contractual 0.17% July 1, 2009 December 31, 2011 Institutional Class Contractual 0.14% July 1, 2009 December 31, 2011 Personal Investment Class Contractual 0.69%(2) July 1, 2009 December 31, 2011 Private Investment Class Contractual 0.44%(2) July 1, 2009 December 31, 2011 Reserve Class Contractual 1.01%(2) July 1, 2009 December 31, 2011 Resource Class Contractual 0.30%(2) July 1, 2009 December 31, 2011 Tax-Free Cash Reserve Portfolio(3) Cash Management Class Contractual 0.33%(2) July 1, 2009 December 31, 2011 Corporate Class Contractual 0.28% July 1, 2009 December 31, 2011 Institutional Class Contractual 0.25% July 1, 2009 December 31, 2011 Personal Investment Class Contractual 0.80%(2) July 1, 2009 December 31, 2011 Private Investment Class Contractual 0.50%(2) July 1, 2009 December 31, 2011 Reserve Class Contractual 1.12%(2) July 1, 2009 December 31, 2011 Resource Class Contractual 0.41%(2) July 1, 2009 December 31, 2011 See page 23 for footnotes to Exhibit B.
23 as of November 29, 2010
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ----------------- ----------------- Treasury Portfolio(3) Cash Management Class Contractual 0.22%(2) July 1, 2009 December 31, 2011 Corporate Class Contractual 0.17% July 1, 2009 December 31, 2011 Institutional Class Contractual 0.14% July 1, 2009 December 31, 2011 Personal Investment Class Contractual 0.69%(2) July 1, 2009 December 31, 2011 Private Investment Class Contractual 0.44%(2) July 1, 2009 December 31, 2011 Reserve Class Contractual 1.01%(2) July 1, 2009 December 31, 2011 Resource Class Contractual 0.30%(2) July 1, 2009 December 31, 2011
(1) The expense rate excluding 12b-1 fees of any class of shares established after the date of this Memorandum of Agreement will be the same as existing classes. (2) The expense limit shown is the expense limit after Rule 12b-1 fee waivers by Invesco Distributors, Inc. (3) The expense limitation also excludes Trustees' fees and federal registration expenses. 24 as of November 29, 2010 EXHIBIT "C" -- VARIABLE INSURANCE FUNDS AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ----------------- ----------------- Invesco V.I. Basic Balanced Fund Series I Shares Contractual 0.91% July 1, 2005 April 30, 2012 Series II Shares Contractual 1.16% July 1, 2005 April 30, 2012 Invesco V.I. Basic Value Fund Series I Shares Contractual 1.30% January 1, 2005 April 30, 2012 Series II Shares Contractual 1.45% January 1, 2005 April 30, 2012 Invesco V.I. Capital Appreciation Fund Series I Shares Contractual 1.30% January 1, 2005 April 30, 2012 Series II Shares Contractual 1.45% January 1, 2005 April 30, 2012 Invesco V.I. Capital Development Fund Series I Shares Contractual 1.30% January 1, 2005 April 30, 2012 Series II Shares Contractual 1.45% January 1, 2005 April 30, 2012 Invesco V.I. Core Equity Fund Series I Shares Contractual 1.30% January 1, 2005 April 30, 2012 Series II Shares Contractual 1.45% January 1, 2005 April 30, 2012 Invesco V.I. Diversified Income Fund Series I Shares Contractual 0.75% July 1, 2005 April 30, 2012 Series II Shares Contractual 1.00% July 1, 2005 April 30, 2012 Invesco V.I. Dividend Growth Fund* Series I Shares Contractual 0.67% February 12, 2010 June 30, 2012 Series II Shares Contractual 0.92% February 12, 2010 June 30, 2012 Invesco V.I. Dynamics Fund Series I Shares Contractual 1.30% April 30, 2004 April 30, 2012 Series II Shares Contractual 1.45% April 30, 2004 April 30, 2012 Invesco V.I. Financial Services Fund Series I Shares Contractual 1.30% April 30, 2004 April 30, 2012 Series II Shares Contractual 1.45% April 30, 2004 April 30, 2012 Invesco V.I. Global Dividend Growth Fund* Series I Shares Contractual 0.94% February 12, 2010 June 30, 2012 Series II Shares Contractual 1.19% February 12, 2010 June 30, 2012 Invesco V.I. Global Health Care Fund Series I Shares Contractual 1.30% April 30, 2004 April 30, 2012 Series II Shares Contractual 1.45% April 30, 2004 April 30, 2012
25 as of November 29, 2010
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ----------------- ----------------- Invesco V.I. Global Multi-Asset Fund Series I Shares Contractual 0.10% April 30, 2010 April 30, 2012 Series II Shares Contractual 0.35% April 30, 2010 April 30, 2012 Invesco V.I. Global Real Estate Fund Series I Shares Contractual 1.30% April 30, 2004 April 30, 2012 Series II Shares Contractual 1.45% April 30, 2004 April 30, 2012 Invesco V.I. Government Securities Fund Series I Shares Contractual 0.73% July 1, 2005 April 30, 2012 Series II Shares Contractual 0.98% July 1, 2005 April 30, 2012 Invesco V.I. High Yield Fund Series II Shares Contractual 0.95% July 1, 2005 April 30, 2012 Series II Shares Contractual 1.20% April 30, 2004 April 30, 2012 Invesco V.I. High Yield Securities Fund* Series I Shares Contractual 1.75% February 12, 2010 June 30, 2012 Series II Shares Contractual 2.00% February 12, 2010 June 30, 2012 Invesco V.I. Income Builder Fund* Series I Shares Contractual 1.02% February 12, 2010 June 30, 2012 Series II Shares Contractual 1.27% February 12, 2010 June 30, 2012 Invesco V.I. International Growth Fund Series I Shares Contractual 1.30% January 1, 2005 April 30, 2012 Series II Shares Contractual 1.45% January 1, 2005 April 30, 2012 Invesco V.I. Large Cap Growth Fund Series I Shares Contractual 1.01% July 1, 2005 April 30, 2012 Series II Shares Contractual 1.26% July 1, 2005 April 30, 2012 Invesco V.I. Leisure Fund Series I Shares Contractual 1.01% April 30, 2004 April 30, 2012 Series II Shares Contractual 1.26% April 30, 2004 April 30, 2012 Invesco V.I. Mid Cap Core Equity Fund Series I Shares Contractual 1.30% September 10, 2001 April 30, 2012 Series II Shares Contractual 1.45% September 10, 2001 April 30, 2012 Invesco V.I. Money Market Fund Series I Shares Contractual 1.30% January 1, 2005 April 30, 2012 Series II Shares Contractual 1.45% January 1, 2005 April 30, 2012
26 as of November 29, 2010
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ----------------- ----------------- Invesco V.I. S&P 500 Index Fund* Series I Shares Contractual 0.28% February 12, 2010 June 30, 2012 Series II Shares Contractual 0.53% February 12, 2010 June 30, 2012 Invesco V.I. Select Dimensions Balanced Fund* Series I Shares Contractual 0.82% February 12, 2010 June 30, 2012 Series II Shares Contractual 1.07% February 12, 2010 June 30, 2012 Invesco V.I. Select Dimensions Dividend Growth Fund* Series I Shares Contractual 0.72% February 12, 2010 June 30, 2012 Series II Shares Contractual 0.97% February 12, 2010 June 30, 2012 Invesco V.I. Select Dimensions Equally-Weighted S&P 500 Fund* Series I Shares Contractual 0.37% February 12, 2010 June 30, 2012 Series II Shares Contractual 0.62% February 12, 2010 June 30, 2012 Invesco V.I. Small Cap Equity Fund Series I Shares Contractual 1.15% July 1, 2005 April 30, 2012 Series II Shares Contractual 1.40% July 1, 2005 April 30, 2012 Invesco V.I. Technology Fund Series I Shares Contractual 1.30% April 30, 2004 April 30, 2012 Series II Shares Contractual 1.45% April 30, 2004 April 30, 2012 Invesco V.I. Utilities Fund Series I Shares Contractual 0.93% September 23, 2005 April 30, 2012 Series II Shares Contractual 1.18% September 23, 2005 April 30, 2012 Invesco Van Kampen V.I. Capital Growth Fund* Series I Shares Contractual 0.84% February 12, 2010 June 30, 2012 Series II Shares Contractual 1.09% February 12, 2010 June 30, 2012 Invesco Van Kampen V.I. Comstock Fund* Series I Shares Contractual 0.62% February 12, 2010 June 30, 2012 Series II Shares Contractual 0.87% February 12, 2010 June 30, 2012 Invesco Van Kampen V.I. Equity and Income Fund* Series I Shares Contractual 0.70%(1) February 12, 2010 June 30, 2012 Series II Shares Contractual 0.75% February 12, 2010 June 30, 2012 Invesco Van Kampen V.I. Global Tactical Asset Allocation Fund* Series I Shares Contractual 0.90% February 12, 2010 June 30, 2012 Series II Shares Contractual 1.15% February 12, 2010 June 30, 2012
27 as of November 29, 2010
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ----------------- ----------------- See page 27 for footnotes to Exhibit C. Invesco Van Kampen V.I. Global Value Equity Fund* Series I Shares Contractual 1.15% February 12, 2010 June 30, 2012 Series II Shares Contractual 1.40% February 12, 2010 June 30, 2012 Invesco Van Kampen V.I. Government Fund* Series I Shares Contractual 0.60% February 12, 2010 June 30, 2012 Series II Shares Contractual 0.85% February 12, 2010 June 30, 2012 Invesco Van Kampen V.I. Growth and Income Fund* Series I Shares Contractual 0.62% February 12, 2010 June 30, 2012 Series II Shares Contractual 0.87% February 12, 2010 June 30, 2012 Invesco Van Kampen V.I. High Yield Fund* Series I Shares Contractual 0.80% February 12, 2010 June 30, 2012 Series II Shares Contractual 1.05% February 12, 2010 June 30, 2012 Invesco Van Kampen V.I. International Growth Equity Fund* Series I Shares Contractual 1.11% February 12, 2010 June 30, 2012 Series II Shares Contractual 1.36% February 12, 2010 June 30, 2012 Invesco Van Kampen V.I. Mid Cap Growth Fund* Series I Shares Contractual 1.01% February 12, 2010 June 30, 2012 Series II Shares Contractual 1.26% February 12, 2010 June 30, 2012 Invesco Van Kampen V.I. Mid Cap Value Fund* Series I Shares Contractual 1.18%(1) February 12, 2010 June 30, 2012 Series II Shares Contractual 1.28% February 12, 2010 June 30, 2012 Invesco Van Kampen V.I. Value Fund* Series I Shares Contractual 0.86% February 12, 2010 June 30, 2012 Series II Shares Contractual 1.11% February 12, 2010 June 30, 2012
(1) The expense limit shown is the expense limit after Rule 12b-1 fee waivers by Invesco Distributors, Inc. 28 as of November 29, 2010 EXHIBIT "D" -- CLOSED-END FUNDS(1) INVESCO CALIFORNIA INSURED MUNICIPAL INCOME TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ----------------- ----------------- Invesco California Insured Municipal Income Trust Contractual 0.67% June 1, 2010 June 30, 2012
INVESCO CALIFORNIA QUALITY MUNICIPAL SECURITIES
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ----------------- ----------------- Invesco California Quality Municipal Securities Contractual 0.70% June 1, 2010 June 30, 2012
INVESCO HIGH YIELD FUND, INC.
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ----------------- ----------------- Invesco High Yield Investment Funds, Inc. Contractual 0.98% June 1, 2010 June 30, 2012
INVESCO INSURED CALIFORNIA MUNICIPAL SECURITIES
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ----------------- ----------------- Invesco Insured California Municipal Securities Contractual 0.70% June 1, 2010 June 30, 2012
INVESCO INSURED MUNICIPAL BOND TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ----------------- ----------------- Invesco Insured Municipal Bond Trust Contractual 1.00% June 1, 2010 June 30, 2012
INVESCO INSURED MUNICIPAL INCOME TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ----------------- ----------------- Invesco Insured Municipal Income Trust Contractual 0.64% June 1, 2010 June 30, 2012
INVESCO INSURED MUNICIPAL SECURITIES
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ----------------- ----------------- Invesco Insured Municipal Securities Contractual 0.54% June 1, 2010 June 30, 2012
29 as of November 29, 2010 INVESCO INSURED MUNICIPAL TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ----------------- ----------------- Invesco Insured Municipal Trust Contractual 0.66% June 1, 2010 June 30, 2012
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ----------------- ----------------- Invesco Municipal Income Opportunities Trust Contractual 0.73% June 1, 2010 June 30, 2012
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST II
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ----------------- ----------------- Invesco Municipal Income Opportunities Trust II Contractual 0.73% June 1, 2010 June 30, 2012
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST III
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ----------------- ----------------- Invesco Municipal Income Opportunities Trust III Contractual 0.84% June 1, 2010 June 30, 2012
INVESCO MUNICIPAL PREMIUM INCOME TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ----------------- ----------------- Invesco Municipal Premium Income Trust Contractual 1.03% June 1, 2010 June 30, 2012
INVESCO NEW YORK QUALITY MUNICIPAL SECURITIES
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ----------------- ----------------- Invesco New York Quality Municipal Securities Contractual 0.80% June 1, 2010 June 30, 2012
INVESCO PRIME INCOME TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ----------------- ----------------- Invesco Prime Income Trust Contractual 1.32% June 1, 2010 June 30, 2012
30 as of November 29, 2010 INVESCO QUALITY MUNICIPAL INCOME TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ----------------- ----------------- Invesco Quality Municipal Income Trust Contractual 0.70% June 1, 2010 June 30, 2012
INVESCO QUALITY MUNICIPAL INVESTMENT TRUST
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ----------------- ----------------- Invesco Quality Municipal Investment Trust Contractual 0.70% June 1, 2010 June 30, 2012
INVESCO QUALITY MUNICIPAL SECURITIES
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ---------- ----------------- ----------------- Invesco Quality Municipal Securities Contractual 0.66% June 1, 2010 June 30, 2012
(1) The total operating expenses of any class of shares established after the date of this Memorandum of Agreement will be limited to the amount established for Class A Shares plus the difference between the new class 12b-1 rate and the Class A 12b-1 rate. 31