EX-99.77Q1 OTHR EXHB 4 h86364ex77q1e-a.txt EX-99.77Q1 SUB-ITEM 77Q1(E) 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 Fund, 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, including litigation expenses;; 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. 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. 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 INVESTMENTS FUND, 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 INVESCO ADVISERS, INC. By: /s/ John M. Zerr ------------------------------------- Title: Senior Vice President 2 as of January 1, 2012 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 California Tax-Free Income Fund Class A Shares Contractual 0.85% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.35% February 12, 2010 June 30, 2012 Class C Shares Contractual 1.35% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.60% February 12, 2010 June 30, 2012 Invesco Core Plus Bond Fund Class A Shares Contractual 0.75% June 6, 2011 June 30, 2013 Class B Shares Contractual 1.50% June 6, 2011 June 30, 2013 Class C Shares Contractual 1.50% June 6, 2011 June 30, 2013 Class R Shares Contractual 1.00% June 6, 2011 June 30, 2013 Class Y Shares Contractual 0.50% June 6, 2011 June 30, 2013 Institutional Class Shares Contractual 0.50% June 6, 2011 June 30, 2013 Invesco Equally-Weighted S&P 500 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 R Shares Contractual 1.00% February 12, 2010 June 30, 2012 Class Y Shares Contractual 0.50% February 12, 2010 June 30, 2012 Invesco Floating Rate Fund Class A Shares Contractual 1.50% April 14, 2006 December 31, 2012 Class C Shares Contractual 2.00% April 14, 2006 December 31, 2012 Class R Shares Contractual 1.75% April 14, 2006 December 31, 2012 Class Y Shares Contractual 1.25% October 3, 2008 December 31, 2012 Institutional Class Shares Contractual 1.25% April 14, 2006 December 31, 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 Global Real Estate Income Fund Class A Shares Contractual 2.00% July 1, 2009 December 31, 2012 Class B Shares Contractual 2.75% July 1, 2009 December 31, 2012 Class C Shares Contractual 2.75% July 1, 2009 December 31, 2012 Class Y Shares Contractual 1.75% July 1, 2009 December 31, 2012 Institutional Class Shares Contractual 1.75% July 1, 2009 December 31, 2012 Invesco Structured Core Fund Class A Shares Class B Shares Contractual 1.00% July 1, 2009 June 30, 2012 Class C Shares Contractual 1.75% July 1, 2009 June 30, 2012 Class R Shares Contractual 1.75% July 1, 2009 June 30, 2012 Class Y Shares Contractual 1.25% July 1, 2009 June 30, 2012 Investor Class Shares Contractual 0.75% July 1, 2009 June 30, 2012 Institutional Class Shares Contractual 1.00% July 1, 2009 June 30, 2012 Contractual 0.75% July 1, 2009 June 30, 2012 Invesco Van Kampen American Franchise Fund Class A Shares Contractual 1.05% May 23, 2011 June 30, 2013 Class B Shares Contractual 1.22%(8) May 23, 2011 June 30, 2013 Class C Shares Contractual 1.80% May 23, 2011 June 30, 2013 Class R Shares Contractual 1.30% May 23, 2011 June 30, 2013 Class Y Shares Contractual 0.80% May 23, 2011 June 30, 2013 Institutional Class Shares Contractual 0.80% May 23, 2011 June 30, 2013
See page 14 for footnotes to Exhibit A. 3 as of January 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---------------------------------------------------- ------------ ----------- ----------------- ----------------- Invesco Van Kampen Equity and Income Fund Class A Shares Contractual 0.82% February 12, 2010 June 30, 2012 Class B Shares Contractual 0.95%(8)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 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, 2013 Class B Shares Contractual 2.75% July 1, 2009 February 28, 2013 Class C Shares Contractual 2.75% July 1, 2009 February 28, 2013 Class R Shares Contractual 2.25% July 1, 2009 February 28, 2013 Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2013 Investor Class Shares Contractual 2.00% July 1, 2009 February 28, 2013 Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2013 Invesco Charter Fund Class A Shares Contractual 2.00% July 1, 2009 February 28, 2013 Class B Shares Contractual 2.75% July 1, 2009 February 28, 2013 Class C Shares Contractual 2.75% July 1, 2009 February 28, 2013 Class R Shares Contractual 2.25% July 1, 2009 February 28, 2013 Class S Shares Contractual 1.90% September 25, 2009 February 28, 2013 Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2013 Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2013 Invesco Constellation Fund Class A Shares Contractual 2.00% July 1, 2009 February 28, 2013 Class B Shares Contractual 2.75% July 1, 2009 February 28, 2013 Class C Shares Contractual 2.75% July 1, 2009 February 28, 2013 Class R Shares Contractual 2.25% July 1, 2009 February 28, 2013 Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2013 Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2013
See page 14 for footnotes to Exhibit A. 4 as of January 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION Fund VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ----------- ------------------ ----------------- Invesco Disciplined Equity Fund Class Y Shares Contractual 1.75% July 14, 2009 February 28, 2013 Invesco Diversified Dividend Fund Class A Shares Contractual 0.95% July 18, 2011 June 30, 2013 Class B Shares Contractual 1.70% July 18, 2011 June 30, 2013 Class C Shares Contractual 1.70% July 18, 2011 June 30, 2013 Class R Shares Contractual 1.20% July 18, 2011 June 30, 2013 Class Y Shares Contractual 0.70% July 18, 2011 June 30, 2013 Investor Class Shares Contractual 0.95% July 18, 2011 June 30, 2013 Institutional Class Shares Contractual 0.70% July 18, 2011 June 30, 2013 Invesco Summit Fund Class A Shares Contractual 2.00% July 1, 2009 February 28, 2013 Class B Shares Contractual 2.75% July 1, 2009 February 28, 2013 Class C Shares Contractual 2.75% July 1, 2009 February 28, 2013 Class P Shares Contractual 1.85% July 1, 2009 February 28, 2013 Class S Shares Contractual 1.90% September 25, 2009 February 28, 2013 Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2013 Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2013
AIM FUNDS GROUP (INVESCO FUNDS GROUP)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ---------------------------------------- ------------ ----------- ----------------- -------------- Invesco European Small Company Fund Class A Shares Contractual 2.25% July 1, 2009 April 30, 2013 Class B Shares Contractual 3.00% July 1, 2009 April 30, 2013 Class C Shares Contractual 3.00% July 1, 2009 April 30, 2013 Class Y Shares Contractual 2.00% July 1, 2009 April 30, 2013 Invesco Global Core Equity Fund Class A Shares Contractual 1.25% May 23, 2011 June 30, 2013 Class B Shares Contractual 1.52%(8) May 23, 2011 June 30, 2013 Class C Shares Contractual 2.00% May 23, 2011 June 30, 2013 Class R Shares Contractual 1.50% May 23, 2011 June 30, 2013 Class Y Shares Contractual 1.00% May 23, 2011 June 30, 2013 Institutional Class Shares Contractual 1.00% May 23, 2011 June 30, 2013 Invesco International Small Company Fund Class A Shares Contractual 2.25% July 1, 2009 April 30, 2013 Class B Shares Contractual 3.00% July 1, 2009 April 30, 2013 Class C Shares Contractual 3.00% July 1, 2009 April 30, 2013 Class Y Shares Contractual 2.00% July 1, 2009 April 30, 2013 Institutional Class Shares Contractual 2.00% July 1, 2009 April 30, 2013 Invesco Small Cap Equity Fund Class A Shares Contractual 2.00% July 1, 2009 April 30, 2013 Class B Shares Contractual 2.75% July 1, 2009 April 30, 2013 Class C Shares Contractual 2.75% July 1, 2009 April 30, 2013 Class R Shares Contractual 2.25% July 1, 2009 April 30, 2013 Class Y Shares Contractual 1.75% July 1, 2009 April 30, 2013 Institutional Class Shares Contractual 1.75% July 1, 2009 April 30, 2013
See page 14 for footnotes to Exhibit A 5 as of January 1, 2012 AIM GROWTH SERIES (INVESCO GROWTH SERIES)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ------------------------------------------- ------------ ----------- ------------------ -------------- Invesco Balanced-Risk Retirement 2020 Fund(2) Class A Shares Contractual 0.25% November 4, 2009 April 30, 2013 Class A5 Shares Contractual 0.25% February 12, 2010 April 30, 2013 Class B Shares Contractual 1.00% November 4, 2009 April 30, 2013 Class C Shares Contractual 1.00% November 4, 2009 April 30, 2013 Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2013 Class R Shares Contractual 0.50% November 4, 2009 April 30, 2013 Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2013 Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2013 Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2013 Invesco Balanced-Risk Retirement 2030 Fund(3) Class A Shares Contractual 0.25% November 4, 2009 April 30, 2013 Class A5 Shares Contractual 0.25% February 12, 2010 April 30, 2013 Class B Shares Contractual 1.00% November 4, 2009 April 30, 2013 Class C Shares Contractual 1.00% November 4, 2009 April 30, 2013 Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2013 Class R Shares Contractual 0.50% November 4, 2009 April 30, 2013 Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2013 Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2013 Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2013 Invesco Balanced-Risk Retirement 2040 Fund(4) Class A Shares Contractual 0.25% November 4, 2009 April 30, 2013 Class A5 Shares Contractual 0.25% February 12, 2010 April 30, 2013 Class B Shares Contractual 1.00% November 4, 2009 April 30, 2013 Class C Shares Contractual 1.00% November 4, 2009 April 30, 2013 Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2013 Class R Shares Contractual 0.50% November 4, 2009 April 30, 2013 Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2013 Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2013 Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2013 Invesco Balanced-Risk Retirement 2050 Fund(5) Class A Shares Contractual 0.25% November 4, 2009 April 30, 2013 Class A5 Shares Contractual 0.25% February 12, 2010 April 30, 2013 Class B Shares Contractual 1.00% November 4, 2009 April 30, 2013 Class C Shares Contractual 1.00% November 4, 2009 April 30, 2013 Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2013 Class R Shares Contractual 0.50% November 4, 2009 April 30, 2013 Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2013 Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2013 Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2013 Invesco Balanced-Risk Retirement Now Fund(6) Class A Shares Contractual 0.25% November 4, 2009 April 30, 2013 Class A5 Shares Contractual 0.25% February 12, 2010 April 30, 2013 Class B Shares Contractual 1.00% November 4, 2009 April 30, 2013 Class C Shares Contractual 1.00% November 4, 2009 April 30, 2013 Class C5 Shares Contractual 1.00% February 12, 2010 April 30, 2013 Class R Shares Contractual 0.50% November 4, 2009 April 30, 2013 Class R5 Shares Contractual 0.50% February 12, 2010 April 30, 2013 Class Y Shares Contractual 0.00% November 4, 2009 April 30, 2013 Institutional Class Shares Contractual 0.00% November 4, 2009 April 30, 2013
See page 14 for footnotes to Exhibit A. 6 as of January 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ------------------------------------------- ------------ ----------- ------------------ -------------- Invesco Convertible Securities Fund Class A Shares Contractual 1.11% May 23, 2011 June 30, 2012 Class B Shares Contractual 1.86% May 23, 2011 June 30, 2012 Class C Shares Contractual 1.86% May 23, 2011 June 30, 2012 Class Y Shares Contractual 0.86% May 23, 2011 June 30, 2012 Institutional Class Shares Contractual 0.86% May 23, 2011 June 30, 2012 Invesco Global Equity Fund Class A Shares Contractual 2.25% July 1, 2009 April 30, 2013 Class B Shares Contractual 3.00% July 1, 2009 April 30, 2013 Class C Shares Contractual 3.00% July 1, 2009 April 30, 2013 Class R Shares Contractual 2.50% July 1, 2009 April 30, 2013 Class Y Shares Contractual 2.00% July 1, 2009 April 30, 2013 Institutional Class Shares Contractual 2.00% July 1, 2009 April 30, 2013 Invesco Growth Allocation Fund Class A Shares Contractual 0.37% June 6, 2011 June 30, 2012 Class B Shares Contractual 1.12% June 6, 2011 June 30, 2012 Class C Shares Contractual 1.12% June 6, 2011 June 30, 2012 Class R Shares Contractual 0.62% June 6, 2011 June 30, 2012 Class S Shares Contractual 0.27% June 6, 2011 June 30, 2012 Class Y Shares Contractual 0.12% June 6, 2011 June 30, 2012 Institutional Class Shares Contractual 0.12% June 6, 2011 June 30, 2012 Invesco Income Allocation Fund May 1, 2012 Class A Shares Contractual 0.25% May 1, 2012 April 30, 2013 Class B Shares Contractual 1.00% May 1, 2012 April 30, 2013 Class C Shares Contractual 1.00% May 1, 2012 April 30, 2013 Class R Shares Contractual 0.50% May 1, 2012 April 30, 2013 Class Y Shares Contractual 0.00% May 1, 2012 April 30, 2013 Institutional Class Shares Contractual 0.00% April 30, 2013 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, 2013 Class B Shares Contractual 2.75% July 1, 2009 April 30, 2013 Class C Shares Contractual 2.75% July 1, 2009 April 30, 2013 Class R Shares Contractual 2.25% July 1, 2009 April 30, 2013 Class Y Shares Contractual 1.75% July 1, 2009 April 30, 2013 Institutional Class Shares Contractual 1.75% July 1, 2009 April 30, 2013 Invesco Moderate Allocation Fund Class A Shares Contractual 0.37% July 1, 2009 June 30, 2012 Class B Shares Contractual 1.12% July 1, 2009 June 30, 2012 Class C Shares Contractual 1.12% July 1, 2009 June 30, 2012 Class R Shares Contractual 0.62% July 1, 2009 June 30, 2012 Class S Shares Contractual 0.27% September 25, 2009 June 30, 2012 Class Y Shares Contractual 0.12% July 1, 2009 June 30, 2012 Institutional Class Shares Contractual 0.12% July 1, 2009 June 30, 2012 Invesco Conservative Allocation Fund Class A Shares Contractual 0.39% July 1, 2009 June 30, 2012 Class B Shares Contractual 1.14% July 1, 2009 June 30, 2012 Class C Shares Contractual 1.14% July 1, 2009 June 30, 2012 Class R Shares Contractual 0.64% July 1, 2009 June 30, 2012 Class S Shares Contractual 0.29% June 6, 2011 June 30, 2012 Class Y Shares Contractual 0.14% July 1, 2009 June 30, 2012 Institutional Class Shares Contractual 0.14% July 1, 2009 June 30, 2012
See page 14 for footnotes to Exhibit A. 7 as of January 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ------------------------------------------- ------------ ----------- ------------------ -------------- Invesco Small Cap Growth Fund Class A Shares April 30, 2013 Class B Shares Contractual 2.00% July 1, 2009 April 30, 2013 Class C Shares Contractual 2.75% July 1, 2009 April 30, 2013 Class R Shares Contractual 2.75% July 1, 2009 April 30, 2013 Class Y Shares Contractual 2.25% July 1, 2009 April 30, 2013 Investor Class Shares Contractual 1.75% July 1, 2009 April 30, 2013 Institutional Class Shares Contractual 2.00% July 1, 2009 April 30, 2013 Contractual 1.75% July 1, 2009 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 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, 2013 Class B Shares Contractual 3.00% July 1, 2009 February 28, 2013 Class C Shares Contractual 3.00% July 1, 2009 February 28, 2013 Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2013 Invesco European Growth Fund Class A Shares Contractual 2.25% July 1, 2009 February 28, 2013 Class B Shares Contractual 3.00% July 1, 2009 February 28, 2013 Class C Shares Contractual 3.00% July 1, 2009 February 28, 2013 Class R Shares Contractual 2.50% July 1, 2009 February 28, 2013 Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2013 Investor Class Shares Contractual 2.25% July 1, 2009 February 28, 2013 Invesco Global Growth Fund Class A Shares Contractual 1.32% December 19, 2011 December 31, 2012 Class B Shares Contractual 2.07% December 19, 2011 December 31, 2012 Class C Shares Contractual 2.07% December 19, 2011 December 31, 2012 Class Y Shares Contractual 1.07% December 19, 2011 December 31, 2012 Institutional Class Shares Contractual 1.07% December 19, 2011 December 31, 2012 Invesco Global Small & Mid Cap Growth Fund Class A Shares Contractual 2.25% July 1, 2009 February 28, 2013 Class B Shares Contractual 3.00% July 1, 2009 February 28, 2013 Class C Shares Contractual 3.00% July 1, 2009 February 28, 2013 Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2013 Institutional Class Shares Contractual 2.00% July 1, 2009 February 28, 2013 Invesco International Core Equity Fund Class A Shares Contractual 2.25% July 1, 2009 February 28, 2013 Class B Shares Contractual 3.00% July 1, 2009 February 28, 2013 Class C Shares Contractual 3.00% July 1, 2009 February 28, 2013 Class R Shares Contractual 2.50% July 1, 2009 February 28, 2013 Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2013 Investor Class Shares Contractual 2.25% July 1, 2009 February 28, 2013 Institutional Class Shares Contractual 2.00% July 1, 2009 February 28, 2013
See page 14 for footnotes to Exhibit A. 8 as of January 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ------------------------------------------ ------------ ----------- ----------------- ----------------- Invesco International Growth Fund Class A Shares Contractual 1.40% May 23, 2011 June 30, 2013 Class B Shares Contractual 2.15% May 23, 2011 June 30, 2013 Class C Shares Contractual 2.15% May 23, 2011 June 30, 2013 Class R Shares Contractual 1.65% May 23, 2011 June 30, 2013 Class Y Shares Contractual 1.15% May 23, 2011 June 30, 2013 Institutional Class Shares Contractual 1.15% May 23, 2011 June 30, 2013
AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ------------------------------------------------ ------------ ----------- ----------------- ----------------- Invesco Balanced-Risk Allocation Fund(7) 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(10) Class A Shares Contractual 1.22% November 29, 2010 February 28, 2013 Class B Shares Contractual 1.97% November 29, 2010 February 28, 2013 Class C Shares Contractual 1.97% November 29, 2010 February 28, 2013 Class R Shares Contractual 1.47% November 29, 2010 February 28, 2013 Class Y Shares Contractual 0.97% November 29, 2010 February 28, 2013 Institutional Class Shares Contractual 0.97% November 29, 2010 February 28, 2013 Invesco China Fund Class A Shares Contractual 2.25% July 1, 2009 February 28, 2013 Class B Shares Contractual 3.00% July 1, 2009 February 28, 2013 Class C Shares Contractual 3.00% July 1, 2009 February 28, 2013 Class Y Shares Contractual 2.00% July 1, 2009 February 28, 2013 Institutional Class Shares Contractual 2.00% July 1, 2009 February 28, 2013 Invesco Commodities Strategy Fund(11) 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 2.10% May 23, 2011 June 30, 2012 Class B Shares Contractual 2.85% May 23, 2011 June 30, 2012 Class C Shares Contractual 2.85% May 23, 2011 June 30, 2012 Class Y Shares Contractual 1.85% May 23, 2011 June 30, 2012 Institutional Class Shares Contractual 1.85% May 23, 2011 June 30, 2012 Invesco Emerging Markets Equity Fund Class A Shares Contractual 1.85% May 11, 2011 February 28, 2013 Class C Shares Contractual 2.60% May 11, 2011 February 28, 2013 Class R Shares Contractual 2.10% May 11, 2011 February 28, 2013 Class Y Shares Contractual 1.60% May 11, 2011 February 28, 2013 Institutional Class Shares Contractual 1.60% May 11, 2011 February 28, 2013 Invesco Emerging Market Local Currency Debt Fund Class A Shares Contractual 1.24% June 14, 2010 February 28, 2013 Class B Shares Contractual 1.99% June 14, 2010 February 28, 2013 Class C Shares Contractual 1.99% June 14, 2010 February 28, 2013 Class R Shares Contractual 1.49% June 14, 2010 February 28, 2013 Class Y Shares Contractual 0.99% June 14, 2010 February 28, 2013 Institutional Class Shares Contractual 0.99% June 14, 2010 February 28, 2013
See page 14 for footnotes to Exhibit A. 9 as of January 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ------------------------------------------------ ------------ ----------- ----------------- ----------------- Invesco Endeavor Fund Class A Shares Contractual 2.00% July 1, 2009 February 28, 2013 Class B Shares Contractual 2.75% July 1, 2009 February 28, 2013 Class C Shares Contractual 2.75% July 1, 2009 February 28, 2013 Class R Shares Contractual 2.25% July 1, 2009 February 28, 2013 Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2013 Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2013 Invesco Global Health Care Fund Class A Shares Contractual 1.65% May 23, 2011 June 30, 2012 Class B Shares Contractual 2.40% May 23, 2011 June 30, 2012 Class C Shares Contractual 2.40% May 23, 2011 June 30, 2012 Class Y Shares Contractual 1.40% May 23, 2011 June 30, 2012 Investor Class Shares Contractual 1.65% May 23, 2011 June 30, 2012 Invesco International Total Return Fund Class A Shares Class B Shares Contractual 1.10% March 31, 2006 February 28, 2013 Class C Shares Contractual 1.85% March 31, 2006 February 28, 2013 Class Y Shares Contractual 1.85% March 31, 2006 February 28, 2013 Institutional Class Shares Contractual 0.85% October 3, 2008 February 28, 2013 Contractual 0.85% March 31, 2006 February 28, 2013 Invesco Pacific Growth Fund Class A Shares Class B Shares Contractual 1.88% February 12, 2010 June 30, 2012 Class C Shares Contractual 2.63% February 12, 2010 June 30, 2012 Class R Shares Contractual 2.63% February 12, 2010 June 30, 2012 Class Y Shares Contractual 2.13% February 12, 2010 June 30, 2012 Institutional Class Shares Contractual 1.63% February 12, 2010 June 30, 2012 Contractual 1.63% May 23, 2011 June 30, 2012 Invesco Premium Income Fund Class A Shares Contractual 0.89% December 13, 2011 February 28, 2013 Class C Shares Contractual 1.64% December 13, 2011 February 28, 2013 Class R Shares Contractual 1.14% December 13, 2011 February 28, 2013 Class Y Shares Contractual 0.64% December 13, 2011 February 28, 2013 Institutional Class Shares Contractual 0.64% December 13, 2011 February 28, 2013 Invesco Small Companies Fund Class A Shares Contractual 2.00% July 1, 2009 February 28, 2013 Class B Shares Contractual 2.75% July 1, 2009 February 28, 2013 Class C Shares Contractual 2.75% July 1, 2009 February 28, 2013 Class R Shares Contractual 2.25% July 1, 2009 February 28, 2013 Class Y Shares Contractual 1.75% July 1, 2009 February 28, 2013 Institutional Class Shares Contractual 1.75% July 1, 2009 February 28, 2013
AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ----------- ----------------- ------------- Invesco Dynamics Fund Class A Shares Contractual 2.00% July 1, 2009 June 30, 2012 Class B Shares Contractual 2.75% July 1, 2009 June 30, 2012 Class C Shares Contractual 2.75% July 1, 2009 June 30, 2012 Class R Shares Contractual 2.25% July 1, 2009 June 30, 2012 Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2012 Investor Class Shares Contractual 2.00% July 1, 2009 June 30, 2012 Institutional Class Shares Contractual 1.75% July 1, 2009 June 30, 2012 Invesco Global Real Estate Fund Class A Shares Contractual 2.00% July 1, 2009 June 30, 2012 Class B Shares Contractual 2.75% July 1, 2009 June 30, 2012 Class C Shares Contractual 2.75% July 1, 2009 June 30, 2012 Class R Shares Contractual 2.25% July 1, 2009 June 30, 2012 Class Y Shares Contractual 1.75% July 1, 2009 June 30, 2012 Institutional Class Shares Contractual 1.75% July 1, 2009 June 30, 2012
See page 14 for footnotes to Exhibit A. 10 as of January 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ----------- ----------------- ------------- Invesco High Yield Fund Class A Shares Contractual 0.89% June 6, 2011 June 30, 2013 Class B Shares Contractual 1.64% June 6, 2011 June 30, 2013 Class C Shares Contractual 1.64% June 6, 2011 June 30, 2013 Class Y Shares Contractual 0.64% June 6, 2011 June 30, 2013 Investor Class Shares Contractual 0.89% June 6, 2011 June 30, 2013 Institutional Class Shares Contractual 0.64% June 6, 2011 June 30, 2013 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 0.70% July 1, 2011 June 30, 2012 Class B Shares Contractual 1.45% July 1, 2011 June 30, 2012 Class C Shares Contractual 1.45% July 1, 2011 June 30, 2012 Class Y Shares Contractual 0.45% July 1, 2011 June 30, 2012 Investor Class Shares Contractual 0.70% July 1, 2011 June 30, 2012 Invesco Real Estate Fund Class A Shares Contractual 1.55% May 23, 2011 June 30, 2012 Class B Shares Contractual 2.30% May 23, 2011 June 30, 2012 Class C Shares Contractual 2.30% May 23, 2011 June 30, 2012 Class R Shares Contractual 1.80% May 23, 2011 June 30, 2012 Class Y Shares Contractual 1.30% May 23, 2011 June 30, 2012 Investor Class Shares Contractual 1.55% May 23, 2011 June 30, 2012 Institutional Class Shares Contractual 1.30% May 23, 2011 June 30, 2012 Invesco Short Term Bond Fund Class A Shares Contractual 0.56% June 6, 2011 June 30, 2013 Class C Shares Contractual 0.91%(8) March 4, 2009 June 30, 2013 Class R Shares Contractual 0.91% March 4, 2009 June 30, 2013 Class Y Shares Contractual 0.41% March 4, 2009 June 30, 2013 Institutional Class Shares Contractual 0.41% March 4, 2009 June 30, 2013 Invesco U.S. Government Fund Class A Shares Contractual 1.03% June 6, 2011 June 30, 2012 Class B Shares Contractual 1.78% June 6, 2011 June 30, 2012 Class C Shares Contractual 1.78% June 6, 2011 June 30, 2012 Class R Shares Contractual 1.28% June 6, 2011 June 30, 2012 Class Y Shares Contractual 0.78% June 6, 2011 June 30, 2012 Investor Class Shares Contractual 1.03% June 6, 2011 June 30, 2012 Institutional Class Shares Contractual 0.78% June 6, 2011 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 1.29%(8) June 6, 2011 June 30, 2012 Class C Shares Contractual 1.65%(8) June 6, 2011 June 30, 2012 Class R Shares Contractual 1.20% June 6, 2011 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
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, 2012 Class B Shares Contractual 2.75% July 1, 2009 August 31, 2012 Class C Shares Contractual 2.75% July 1, 2009 August 31, 2012 Class Y Shares Contractual 1.75% July 1, 2009 August 31, 2012 Investor Class Shares Contractual 2.00% July 1, 2009 August 31, 2012 Institutional Class Shares Contractual 1.75% July 1, 2009 August 31, 2012
See page 14 for footnotes to Exhibit A. 11 as of January 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ----------- ----------------- --------------- Invesco Gold & Precious Metals Fund Class A Shares Contractual 2.00% July 1, 2009 August 31, 2012 Class B Shares Contractual 2.75% July 1, 2009 August 31, 2012 Class C Shares Contractual 2.75% July 1, 2009 August 31, 2012 Class Y Shares Contractual 1.75% July 1, 2009 August 31, 2012 Investor Class Shares Contractual 2.00% July 1, 2009 August 31, 2012 Invesco Leisure Fund Class A Shares Contractual 2.00% July 1, 2009 August 31, 2012 Class B Shares Contractual 2.75% July 1, 2009 August 31, 2012 Class C Shares Contractual 2.75% July 1, 2009 August 31, 2012 Class R Shares Contractual 2.25% July 1, 2009 August 31, 2012 Class Y Shares Contractual 1.75% July 1, 2009 August 31, 2012 Investor Class Shares Contractual 2.00% July 1, 2009 August 31, 2012 Invesco Technology Fund Class A Shares Contractual 1.76% May 23, 2011 June 30, 2012 Class B Shares Contractual 2.51% May 23, 2011 June 30, 2012 Class C Shares Contractual 2.51% May 23, 2011 June 30, 2012 Class Y Shares Contractual 1.51% May 23, 2011 June 30, 2012 Investor Class Shares Contractual 1.76% May 23, 2011 June 30, 2012 Institutional Class Shares Contractual 1.51% May 23, 2011 June 30, 2012 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 Utilities Fund Class A Shares Contractual 1.32% May 23, 2011 June 30, 2013 Class B Shares Contractual 2.07% May 23, 2011 June 30, 2013 Class C Shares Contractual 2.07% May 23, 2011 June 30, 2013 Class Y Shares Contractual 1.07% May 23, 2011 June 30, 2013 Investor Class Shares Contractual 1.32% May 23, 2011 June 30, 2013 Institutional Class Shares Contractual 1.07% May 23, 2011 June 30, 2013 Invesco Van Kampen American Value Fund Class A Shares Contractual 1.41% February 12, 2010 June 30, 2012 Class B Shares Contractual 1.65%(8) May 23, 2011 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 Institutional Class Shares Contractual 1.16% February 12, 2010 June 30, 2012 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
See page 14 for footnotes to Exhibit A. 12 as of January 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE --------------------------------------- ------------ ----------- ----------------- --------------- 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 1.03% May 23, 2011 June 30, 2012 Class B Shares Contractual 1.40%(8) May 23, 2011 June 30, 2012 Class C Shares Contractual 1.78% May 23, 2011 June 30, 2012 Class Y Shares Contractual 0.78% May 23, 2011 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 R Shares Contractual 1.66% May 23, 2011 June 30, 2012 Class Y Shares Contractual 1.16% February 12, 2010 June 30, 2012 Institutional Class Shares Contractual 1.16% May 23, 2011 June 30, 2012
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 0.85% July 1, 2011 N/A(9) Class B Shares Voluntary 1.60% July 1, 2011 N/A(9) Class C Shares Voluntary 1.60% July 1, 2011 N/A(9) Class Y Shares Voluntary 0.60% July 1, 2011 N/A(9) Institutional Class Shares Voluntary 0.60% July 1, 2011 N/A(9) 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 Intermediate Term Municipal Income Fund Class A Shares Contractual 0.75% June 6, 2011 June 30, 2013 Class B Shares Contractual 1.50% June 6, 2011 June 30, 2013 Class C Shares Contractual 1.50% June 6, 2011 June 30, 2013 Class Y Shares Contractual 0.50% June 6, 2011 June 30, 2013 Invesco Van Kampen Municipal Income Fund Class A Shares Contractual 0.83% June 6, 2011 June 30, 2013 Class B Shares Contractual 1.58% June 6, 2011 June 30, 2013 Class C Shares Contractual 1.58% June 6, 2011 June 30, 2013 Class Y Shares Contractual 0.58% June 6, 2011 June 30, 2013 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
See page 14 for footnotes to Exhibit A. 13 as of January 1, 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. (2) Following the 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. (3) Following the 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. (4) Following the 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. (5) Following the 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. (6) Following the 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. (7) Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund I, Ltd. (8) The expense limit shown is the expense limit after Rule 12b-1 fee waivers by Invesco Distributors, Inc. (9) Invesco may establish, amend or terminate voluntary waivers at any time in its sole discretion after consultation with the Trust. (10) Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund III, Ltd. (11) Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund II, Ltd. 14 as of January 1, 2012 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, 2012 Corporate Class Contractual 0.17% July 1, 2009 December 31, 2012 Institutional Class Contractual 0.14% July 1, 2009 December 31, 2012 Personal Investment Class Contractual 0.69%(2) July 1, 2009 December 31, 2012 Private Investment Class Contractual 0.44%(2) July 1, 2009 December 31, 2012 Reserve Class Contractual 1.01%(2) July 1, 2009 December 31, 2012 Resource Class Contractual 0.30%(2) July 1, 2009 December 31, 2012 Government TaxAdvantage Portfolio Cash Management Class Contractual 0.22%(2) July 1, 2009 December 31, 2012 Corporate Class Contractual 0.17% July 1, 2009 December 31, 2012 Institutional Class Contractual 0.14% July 1, 2009 December 31, 2012 Personal Investment Class Contractual 0.69%(2) July 1, 2009 December 31, 2012 Private Investment Class Contractual 0.39%(2) July 1, 2009 December 31, 2012 Reserve Class Contractual 1.01%(2) July 1, 2009 December 31, 2012 Resource Class Contractual 0.30%(2) July 1, 2009 December 31, 2012 Liquid Assets Portfolio Cash Management Class Contractual 0.22%(2) July 1, 2009 December 31, 2012 Corporate Class Contractual 0.17% July 1, 2009 December 31, 2012 Institutional Class Contractual 0.14% July 1, 2009 December 31, 2012 Personal Investment Class Contractual 0.69%(2) July 1, 2009 December 31, 2012 Private Investment Class Contractual 0.44%(2) July 1, 2009 December 31, 2012 Reserve Class Contractual 1.01%(2) July 1, 2009 December 31, 2012 Resource Class Contractual 0.34% July 1, 2009 December 31, 2012 STIC Prime Portfolio Cash Management Class Contractual 0.22%(2) July 1, 2009 December 31, 2012 Corporate Class Contractual 0.17% July 1, 2009 December 31, 2012 Institutional Class Contractual 0.14% July 1, 2009 December 31, 2012 Personal Investment Class Contractual 0.69%(2) July 1, 2009 December 31, 2012 Private Investment Class Contractual 0.44%(2) July 1, 2009 December 31, 2012 Reserve Class Contractual 1.01%(2) July 1, 2009 December 31, 2012 Resource Class Contractual 0.30%(2) July 1, 2009 December 31, 2012 Tax-Free Cash Reserve Portfolio(3) Cash Management Class Contractual 0.33%(2) July 1, 2009 December 31, 2012 Corporate Class Contractual 0.28% July 1, 2009 December 31, 2012 Institutional Class Contractual 0.25% July 1, 2009 December 31, 2012 Personal Investment Class Contractual 0.80%(2) July 1, 2009 December 31, 2012 Private Investment Class Contractual 0.50%(2) July 1, 2009 December 31, 2012 Reserve Class Contractual 1.12%(2) July 1, 2009 December 31, 2012 Resource Class Contractual 0.41%(2) July 1, 2009 December 31, 2012 Treasury Portfolio Cash Management Class Contractual 0.22%(2) July 1, 2009 December 31, 2012 Corporate Class Contractual 0.17% July 1, 2009 December 31, 2012 Institutional Class Contractual 0.14% July 1, 2009 December 31, 2012 Personal Investment Class Contractual 0.69%(2) July 1, 2009 December 31, 2012 Private Investment Class Contractual 0.44%(2) July 1, 2009 December 31, 2012 Reserve Class Contractual 1.01%(2) July 1, 2009 December 31, 2012 Resource Class Contractual 0.30%(2) July 1, 2009 December 31, 2012
(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. 15 as of January 1, 2012 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. Balanced-Risk Allocation Fund(1) Series I Shares Contractual 0.62% January 1, 2012 June 30, 2013 Series II Shares Contractual 0.87% January 1, 2012 June 30, 2013 Invesco V.I. Basic Value Fund Series I Shares Contractual 1.30% January 1, 2005 April 30, 2013 Series II Shares Contractual 1.45% January 1, 2005 April 30, 2013 Invesco V.I. Capital Appreciation Fund Series I Shares Contractual 1.30% January 1, 2005 April 30, 2013 Series II Shares Contractual 1.45% January 1, 2005 April 30, 2013 Invesco V.I. Capital Development Fund Series I Shares Contractual 1.30% January 1, 2005 June 30, 2012 Series II Shares Contractual 1.45% January 1, 2005 June 30, 2012 Invesco V.I. Core Equity Fund Series I Shares Contractual 1.30% January 1, 2005 April 30, 2013 Series II Shares Contractual 1.45% January 1, 2005 April 30, 2013 Invesco V.I. Diversified Income Fund Series I Shares Contractual 0.75% July 1, 2005 April 30, 2013 Series II Shares Contractual 1.00% July 1, 2005 April 30, 2013 Invesco V.I. Dividend Growth Fund Series I Shares Contractual 0.77% July 1, 2012 April 30, 2013 Series II Shares Contractual 1.02% July 1, 2012 April 30, 2013 Invesco V.I. Global Health Care Fund Series I Shares Contractual 1.30% April 30, 2004 April 30, 2013 Series II Shares Contractual 1.45% April 30, 2004 April 30, 2013 Invesco V.I. Global Real Estate Fund Series I Shares Contractual 1.30% April 30, 2004 April 30, 2013 Series II Shares Contractual 1.45% April 30, 2004 April 30, 2013 Invesco V.I. Government Securities Fund Series I Shares Contractual 0.70% July 1, 2012 April 30, 2013 Series II Shares Contractual 0.95% July 1, 2012 April 30, 2013
---------- (1) Includes waived fees or reimbursed expenses that Invesco receives from Invesco Cayman Commodity Fund IV, Ltd. 16 as of January 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ------------------------------------------------------------ ------------ ----------- ------------------ -------------- Invesco V.I. High Yield Fund Series II Shares Contractual 0.80% May 2, 2011 June 30, 2013 Series II Shares Contractual 1.05% May 2, 2011 June 30, 2013 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. International Growth Fund Series I Shares Contractual 1.11% May 2, 2011 June 30, 2012 Series II Shares Contractual 1.36% May 2, 2011 June 30, 2012 Invesco V.I. Leisure Fund Series I Shares Contractual 1.01% April 30, 2004 April 30, 2013 Series II Shares Contractual 1.26% April 30, 2004 April 30, 2013 Invesco V.I. Mid Cap Core Equity Fund Series I Shares Contractual 1.30% September 10, 2001 April 30, 2013 Series II Shares Contractual 1.45% September 10, 2001 April 30, 2013 Invesco V.I. Money Market Fund Series I Shares Contractual 1.30% January 1, 2005 April 30, 2013 Series II Shares Contractual 1.45% January 1, 2005 April 30, 2013 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 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, 2013 Series II Shares Contractual 1.40% July 1, 2005 April 30, 2013 Invesco V.I. Technology Fund Series I Shares Contractual 1.30% April 30, 2004 April 30, 2013 Series II Shares Contractual 1.45% April 30, 2004 April 30, 2013 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 0.94% July 1, 2012 April 30, 2013 Series II Shares Contractual 1.19% July 1, 2012 April 30, 2013
17 as of January 1, 2012
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ------------------------------------------------------------ ------------ ----------- ------------------ -------------- Invesco Van Kampen V.I. Comstock Fund Series I Shares Contractual 0.72% July 1, 2012 April 30, 2013 Series II Shares Contractual 0.97% July 1, 2012 April 30, 2013 Invesco Van Kampen V.I. Equity and Income Fund Series I Shares Contractual 0.70% February 12, 2010 June 30, 2012 Series II Shares Contractual 0.75%(2) February 12, 2010 June 30, 2012 Invesco Van Kampen V.I. Global Value Equity Fund Series I Shares Contractual 0.94% May 2, 2011 June 30, 2012 Series II Shares Contractual 1.19% May 2, 2011 June 30, 2012 Invesco Van Kampen V.I. Growth and Income Fund Series I Shares Contractual 0.72% July 1, 2012 April 30, 2013 Series II Shares Contractual 0.97% July 1, 2012 April 30, 2013 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% February 12, 2010 June 30, 2012 Series II Shares Contractual 1.28%2 February 12, 2010 June 30, 2012
(2) The expense limit shown is the expense limit after Rule 12b-1 fee waivers by Invesco Distributors, Inc. 18 as of January 1, 2012 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 INVESTMENTS FUND, INC.
CONTRACTUAL/ EXPENSE EFFECTIVE DATE OF EXPIRATION FUND VOLUNTARY LIMITATION CURRENT LIMIT DATE ----------------------------------------- ------------ ----------- ----------------- ---------- Invesco High Yield Investments Fund, 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
19 as of January 1, 2012 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
20 as of January 1, 2012 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. 21