MEMORANDUM OF AGREEMENT (12b-1 Fee Waivers)
MEMORANDUM OF AGREEMENT
(12b-1 Fee Waivers)
(12b-1 Fee Waivers)
This Memorandum of Agreement is entered into as of the effective date listed on Exhibit
“A” of this agreement, between AIM Investment Funds (Invesco Investment Funds), AIM
Investment Securities Funds (Invesco Investment Securities Funds), AIM Variable
Insurance Funds (Invesco Variable Insurance Funds) and Short-Term Investments Trust
(each a “Trust” and, collectively, the “Trusts”), on behalf of the funds or portfolios,
as applicable, listed on Exhibit “A” to this Memorandum of Agreement (the “Funds”), and
Invesco Distributors, Inc. (“Distributors”). Distributors shall and hereby agrees to
waive fees of each Fund, on behalf of its respective classes as applicable, severally
and not jointly, as indicated in the attached Exhibit “A”.
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 Distributors agree as follows:
For the Contractual Waivers (listed in the attached Exhibit), the Trusts and
Distributors agree until at least the date set forth on the attached Exhibit “A” (the
“Expiration Date”) that Distributors will waive Rule 12b-1 distribution plan fees in an
amount equal to the rates as set forth on Exhibit “A” multiplied by the average annual
daily net assets allocable to such class. Each Trust’s Board of Trustees and
Distributors may terminate or modify this Memorandum of Agreement prior to the
Expiration Date only by mutual written consent. Distributors will not have any right
to reimbursement of any amount so waived.
For the Contractual Waivers, the Trusts and Distributors agree to review the
then-current waivers for each class of each Fund listed on Exhibit “A” 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
Distributors have agreed to continue them. Exhibit “A” will be amended to reflect any
such agreement.
For any Voluntary Waivers, the Trust and Distributors agree that these are not
contractual in nature and that Distributors may establish, amend and/or terminate such
expense limitations at any time in its sole discretion after consultation with each
Trust’s Board of Trustees. Any delay or failure by Distributors to update this
Memorandum of Agreement with regards to the terminations, extensions, or expirations of
any Voluntary Waivers shall have no effect on the term of such Voluntary Waivers.
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.
IN WITNESS WHEREOF, the Trusts and Distributors have entered into this
Memorandum of Agreement as of the date first above written.
AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS) | ||||||
AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS) | ||||||
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS) | ||||||
SHORT-TERM INVESTMENTS TRUST | ||||||
on behalf of the Funds listed in Exhibit “A” | ||||||
to this Memorandum of Agreement | ||||||
By: Title: |
/s/ Xxxx X. Xxxx
Senior Vice President |
|||||
INVESCO DISTRIBUTORS, INC. | ||||||
By: Title: |
/s/ Xxxx X. Xxxx
Senior Vice President |
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EXHIBIT “A”
AIM Investment Funds (Invesco Investment Funds)
CONTRACTUAL/ | EFFECTIVE | EXPIRATION | ||||||
FUND | VOLUNTARY | WAIVER | DATE | DATE | ||||
Invesco LIBOR Alpha Fund
Class C Shares |
Contractual | 0.50% | March 31, 2006 | February 28, 2011 |
AIM Investment Securities Funds (Invesco Investment Securities Funds)
CONTRACTUAL/ | EFFECTIVE | EXPIRATION | ||||||
FUND | VOLUNTARY | WAIVER | DATE | DATE | ||||
Invesco Short
Term Bond Fund
Class C Shares |
Contractual | 0.50% | February 1, 2006 | June 30, 2011 |
AIM Variable Insurance Funds (Invesco Variable Insurance Funds)
CONTRACTUAL/ | EFFECTIVE | EXPIRATION | ||||||||
FUND | VOLUNTARY | WAIVER | DATE | DATE | ||||||
Invesco Xxx
Xxxxxx V.I. Equity
and Income Fund
Series II |
Contractual | 0.20 | % | February 12, 2010 | June 30, 2012 | |||||
Invesco Xxx Xxxxxx
V.I. Mid Cap Value
Fund Series II |
Contractual | 0.15 | % | February 12, 2010 | June 30, 2012 |
Short-Term Investments Trust
CONTRACTUAL/ | EFFECTIVE | EXPIRATION | ||||||
FUND | VOLUNTARY | WAIVER | DATE | DATE | ||||
Government & Agency Portfolio |
||||||||
Cash Management Class |
Contractual | 0.02% | June 30, 2005 | December 31, 2011 | ||||
Personal Investment Class |
Contractual | 0.20% | June 30, 2005 | December 31, 2011 | ||||
Private Investment Class |
Contractual | 0.20% | June 30, 2005 | December 31, 2011 | ||||
Reserve Class |
Contractual | 0.13% | June 30, 2005 | December 31, 2011 | ||||
Resource Class |
Contractual | 0.04% | June 30, 2005 | December 31, 2011 | ||||
Government TaxAdvantage Portfolio |
||||||||
Cash Management Class |
Contractual | 0.02% | June 30, 2005 | December 31, 2011 | ||||
Personal Investment Class |
Contractual | 0.20% | June 30, 2005 | December 31, 2011 | ||||
Private Investment Class |
Contractual | 0.25% | June 30, 2005 | December 31, 2011 | ||||
Reserve Class |
Contractual | 0.13% | June 30, 2005 | December 31, 2011 | ||||
Resource Class |
Contractual | 0.04% | June 30, 2005 | December 31, 2011 | ||||
Liquid Assets Portfolio |
||||||||
Cash Management Class |
Contractual | 0.02% | June 30, 2005 | December 31, 2011 | ||||
Personal Investment Class |
Contractual | 0.20% | June 30, 2005 | December 31, 2011 | ||||
Private Investment Class |
Contractual | 0.20% | June 30, 2005 | December 31, 2011 | ||||
Reserve Class |
Contractual | 0.13% | June 30, 2005 | December 31, 2011 | ||||
STIC Prime Portfolio |
||||||||
Cash Management Class |
Contractual | 0.02% | June 30, 2005 | December 31, 2011 | ||||
Personal Investment Class |
Contractual | 0.20% | June 30, 2005 | December 31, 2011 | ||||
Private Investment Class |
Contractual | 0.20% | June 30, 2005 | December 31, 2011 | ||||
Reserve Class |
Contractual | 0.13% | June 30, 2005 | December 31, 2011 | ||||
Resource Class |
Contractual | 0.04% | June 30, 2005 | December 31, 2011 |
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CONTRACTUAL/ | EFFECTIVE | EXPIRATION | ||||||
FUND | VOLUNTARY | WAIVER | DATE | DATE | ||||
Tax-Free Cash Reserve Portfolio |
||||||||
Cash Management Class |
Contractual | 0.02% | April 30, 20081 | December 31, 2011 | ||||
Personal Investment Class |
Contractual | 0.20% | April 30, 20081 | December 31, 2011 | ||||
Private Investment Class |
Contractual | 0.25% | April 30, 20081 | December 31, 2011 | ||||
Reserve Class |
Contractual | 0.13% | April 30, 20081 | December 31, 2011 | ||||
Resource Class |
Contractual | 0.04% | April 30, 20081 | December 31, 2011 | ||||
Treasury Portfolio |
||||||||
Cash Management Class |
Contractual | 0.02% | June 30, 2005 | December 31, 2011 | ||||
Personal Investment Class |
Contractual | 0.20% | June 30, 2005 | December 31, 2011 | ||||
Private Investment Class |
Contractual | 0.20% | June 30, 2005 | December 31, 2011 | ||||
Reserve Class |
Contractual | 0.13% | June 30, 2005 | December 31, 2011 | ||||
Resource Class |
Contractual | 0.04% | June 30, 2005 | December 31, 2011 |
1 | Effective April 30, 2008, Tax-Free Cash Reserve Portfolio was reorganized as a portfolio of Tax-Free Investments Trust (“TFIT”) to Short-Term Investments Trust following shareholder approval at a meeting held on February 29, 2008. As a portfolio of TFIT, this limitation has been in effect since June 30, 2005. |
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