EX-99.77Q1 OTHR EXHB 4 ex77q1e-a.txt EXHIBIT SUB-ITEM 77Q1(E) MEMORANDUM OF AGREEMENT (ADVISORY FEE WAIVERS) This Memorandum of Agreement is entered into as of the effective date on the attached Exhibit (the "Exhibit"), between AIM Equity Funds, AIM Funds Group, AIM Investment Funds, AIM Sector Funds, AIM Treasurer's Series Trust and AIM Variable Insurance Funds (each a "Trust" or, collectively, the "Trusts"), on behalf of the funds listed on the Exhibit to this Memorandum of Agreement (the "Funds"), and Invesco Aim Advisors, Inc. ("Invesco Aim"). Invesco Aim shall and hereby agrees to waive fees of the Funds, on behalf of their respective classes as applicable, severally and not jointly, as indicated in the Exhibit. 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 AIM agree that until at least the expiration date set forth on the Exhibit (the "Expiration Date") and with respect to those Funds listed on the Exhibit. Invesco Aim will waive its advisory fees at the rate set forth on the Exhibit. The Boards of Trustees and Invesco Aim may terminate or modify this Memorandum of Agreement prior to the Expiration Date only by mutual written consent. Invesco Aim will not have any right to reimbursement of any amount so waived or reimbursed. Subject to the foregoing paragraphs, each of the Trusts and Invesco Aim agree to review the then-current waivers for each class of the Funds listed on the Exhibit on a date prior to the Expiration Date to determine whether such waivers should be amended, continued or terminated. The waivers will expire upon the Expiration Date unless the Trusts and Invesco Aim have agreed to continue them. The Exhibit will be amended to reflect any such agreement. It is expressly agreed that the obligations of the Trusts 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 the Funds, 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 each Trust, and this Memorandum of Agreement has been executed and delivered by an authorized officer of each Trust 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. 1 IN WITNESS WHEREOF, each of the Trusts and Invesco Aim have entered into this Memorandum of Agreement as of the Effective Date on the attached Exhibit. AIM EQUITY FUNDS AIM FUNDS GROUP AIM INVESTMENT FUNDS AIM SECTOR FUNDS AIM TREASURER'S SERIES TRUST AIM VARIABLE INSURANCE FUNDS on behalf of the Funds listed in the Exhibit to this Memorandum of Agreement By: /s/ John M. Zerr ------------------------------------ Title: Senior Vice President INVESCO AIM ADVISORS, INC. By: /s/ John M. Zerr ------------------------------------ Title: Senior Vice President 2 EXHIBIT TO ADVISORY FEE MOA
AIM EQUITY FUNDS WAIVER DESCRIPTION EFFECTIVE DATE EXPIRATION DATE ---------------- -------------------------------------------------------------- -------------- --------------- AIM Charter Fund Invesco Aim will waive advisory fees to the extent necessary 1/1/2005 12/31/2012 so that advisory fees Invesco Aim receives do not exceed the annualized rates listed below. 0.75% of the first $150M 0.615% of the next $4.85B 0.57% of the next $2.5B 0.545% of the next $2.5B 0.52% of the excess over $10B AIM Constellation Fund Invesco Aim will waive advisory fees to the extent necessary 3/27/2006 12/31/2012 so that advisory fees Invesco Aim receives do not exceed the annualized rates listed below. 0.695% of the first $250M 0.615% of the next $4B 0.595% of the next $750M 0.57% of the next $2.5B 0.545% of the next $2.5B 0.52% of the excess over $10B
AIM FUNDS GROUP WAIVER DESCRIPTION EFFECTIVE DATE EXPIRATION DATE --------------- -------------------------------------------------------------- -------------- --------------- AIM Basic Balanced Fund Invesco Aim will waive advisory fees to the extent necessary 1/1/2005 12/31/2012 so that advisory fees Invesco Aim receives do not exceed the annualized rates listed below. 0.62% of the first $250M 0.605% of the next $250M 0.59% of the next $500M 0.575% of the next $1.5B 0.56% of the next $2.5B 0.545% of the next $2.5B 0.53% of the next $2.5B 0.515% of the excess over $10B
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AIM INVESTMENT FUNDS WAIVER DESCRIPTION EFFECTIVE DATE EXPIRATION DATE -------------------- -------------------------------------------------------------- -------------- --------------- AIM Global Health Care Fund Invesco Aim will waive advisory fees to the extent necessary 1/1/2005 12/31/2009 so that advisory fees Invesco Aim receives do not exceed the annualized rates listed below. 0.75% of the first $250M 0.74% of the next $250M 0.73% of the next $500M 0.72% of the next $1.5B 0.71% of the next $2.5B 0.70% of the next $2.5B 0.69% of the next $2.5B 0.68% of the excess over $10B
AIM SECTOR FUNDS WAIVER DESCRIPTION EFFECTIVE DATE EXPIRATION DATE ---------------- -------------------------------------------------------------- -------------- --------------- AIM Gold & Precious Metals Fund Invesco Aim will waive advisory fees to the extent necessary 1/1/2005 6/30/2009 so that advisory fees Invesco Aim receives do not exceed the annualized rates listed below. 0.75% of the first $250M 0.74% of the next $250M 0.73% of the next $500M 0.72% of the next $1.5B 0.71% of the next $2.5B 0.70% of the next $2.5B 0.69% of the next $2.5B 0.68% of the excess over $10B
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AIM TREASURER'S SERIES TRUST WAIVER DESCRIPTION EFFECTIVE DATE EXPIRATION DATE ---------------------------- -------------------------------------------------------------- -------------- --------------- Premier Portfolio Invesco Aim will waive advisory fees in the amount of 0.08% of 2/25/2005 6/30/2009 the Fund's average daily net assets Premier U.S. Government Money Invesco Aim will waive advisory fees in the amount of 0.08% of 2/25/2005 6/30/2009 Portfolio the Fund's average daily net assets
AIM VARIABLE INSURANCE FUNDS WAIVER DESCRIPTION EFFECTIVE DATE EXPIRATION DATE ---------------------------- -------------------------------------------------------------- -------------- --------------- AIM V. I. Basic Balanced Fund Invesco Aim will waive advisory fees to the extent necessary 1/1/2005 12/31/2009 so that advisory fees Invesco Aim receives do not exceed the annualized rates listed below. 0.62% of the first $150M 0.50% of the next $4.85B 0.475% of the next $5B 0.45% of the excess over $10B AIM V. I. Capital Appreciation Invesco Aim will waive advisory fees to the extent necessary 5/1/2006 12/31/2009 Fund so that advisory fees Invesco Aim receives do not exceed the annualized rates listed below. 0.695% of the first $250M 0.625% of the next $750M 0.62% of the next $1.5B 0.595% of the next $2.5B 0.57% of the next $2.5B 0.545% of the next $2.5B 0.52% of the excess over $10B
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AIM VARIABLE INSURANCE FUNDS - CONTINUED WAIVER DESCRIPTION EFFECTIVE DATE EXPIRATION DATE ---------------------- -------------------------------------------------------------- -------------- --------------- AIM V. I. Capital Development Invesco Aim will waive advisory fees to the extent necessary 1/1/2005 4/30/2010 Fund so that advisory fees Invesco Aim receives do not exceed the annualized rates listed below. 0.745% of the first $250M 0.73% of the next $250M 0.715% of the next $500M 0.70% of the next $1.5B 0.685% of the next $2.5B 0.67% of the next $2.5B 0.655% of the next $2.5B 0.64% of the excess over $10B AIM V. I. Core Equity Fund Invesco Aim will waive advisory fees to the extent necessary 1/1/2005 12/31/2009 so that advisory fees Invesco Aim receives do not exceed the annualized rates listed below. 0.695% of the first $250M 0.67% of the next $250M 0.645% of the next $500M 0.62% of the next $1.5B 0.595% of the next $2.5B 0.57% of the next $2.5B 0.545% of the next $2.5B 0.52% of the excess over $10B
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