AMENDMENT NO. 20 TO MASTER INVESTMENT ADVISORY AGREEMENT
AMENDMENT NO. 20
TO
MASTER INVESTMENT ADVISORY AGREEMENT
This Amendment dated as of May 24, 2019, amends the Master Investment Advisory Agreement (the “Agreement”), dated June 1, 2000, between AIM Investment Securities Funds (Invesco Investment Securities Funds), a Delaware statutory trust, and Invesco Advisers, Inc., a Delaware corporation.
W I T N E S S E T H:
WHEREAS, the parties desire to amend the Agreement to add Invesco Xxxxxxxxxxx Intermediate Income Fund, Invesco Xxxxxxxxxxx Global High Yield Fund, Invesco Xxxxxxxxxxx Government Cash Reserves Fund, Invesco Xxxxxxxxxxx Government Money Market Fund, Invesco Xxxxxxxxxxx Limited-Term Bond Fund, Invesco Xxxxxxxxxxx Limited-Term Government Fund, Invesco Xxxxxxxxxxx Master Inflation Protected Securities Fund and Invesco Xxxxxxxxxxx Ultra-Short Duration Fund;
NOW, THEREFORE, the parties agree that:
1. | Appendix A and Appendix B to the Agreement are hereby deleted in their entirety and replaced with the following: |
APPENDIX A
FUNDS AND EFFECTIVE DATES
Name of Fund |
Effective Date of Advisory Agreement | |
Invesco Corporate Bond Fund | February 12, 2010 | |
Invesco Global Real Estate Fund | April 29, 2005 | |
Invesco High Yield Fund | June 1, 2000 | |
Invesco Income Fund | June 1, 2000 | |
Invesco Government Money Market Fund | June 1, 2000 | |
Invesco Xxxxxxxxxxx Intermediate Income Fund | May 24, 2019 | |
Invesco Xxxxxxxxxxx Global High Yield Fund | May 24, 2019 | |
Invesco Xxxxxxxxxxx Government Cash Reserves Fund | May 24, 2019 | |
Invesco Xxxxxxxxxxx Government Money Market Fund | May 24, 2019 | |
Invesco Xxxxxxxxxxx Limited-Term Bond Fund | May 24, 2019 | |
Invesco Xxxxxxxxxxx Limited-Term Government Fund | May 24, 2019 | |
Invesco Xxxxxxxxxxx Master Inflation Protected Securities Fund | May 24, 2019 |
Invesco Xxxxxxxxxxx Ultra-Short Duration Fund | May 24, 2019 | |
Invesco Real Estate Fund | October 29, 2003 | |
Invesco Short Duration Inflation Protected Fund | June 1, 2000 | |
Invesco Short Term Bond Fund | August 29, 2002 |
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APPENDIX B
COMPENSATION TO THE ADVISOR
The Trust shall pay the Adviser, out of the assets of a Fund, as full compensation for all services rendered, an advisory fee for such Fund set forth below. Such fee shall be calculated by applying the following annual rates to the average daily net assets of such Fund for the calendar year computed in the manner used for the determination of the net asset value of shares of such Fund.
Invesco Corporate Bond Fund
Net Assets |
Annual Rate | |||
First $500 million |
0.42 | % | ||
Next $750 million |
0.35 | % | ||
Over $1.25 billion |
0.22 | % |
Invesco Global Real Estate Fund
Invesco Real Estate Fund
Net Assets |
Annual Rate | |||
First $250 million |
0.75 | % | ||
Next $250 million |
0.74 | % | ||
Next $500 million |
0.73 | % | ||
Next $1.5 billion |
0.72 | % | ||
Next $2.5 billion |
0.71 | % | ||
Next $2.5 billion |
0.70 | % | ||
Next $2.5 billion |
0.69 | % | ||
Over $10 billion |
0.68 | % |
Invesco High Yield Fund
Net Assets |
Annual Rate | |||
First $200 million |
0.625 | % | ||
Next $300 million |
0.55 | % | ||
Next $500 million |
0.50 | % | ||
Over $1 billion |
0.45 | % |
Invesco Income Fund
Net Assets |
Annual Rate | |||
First $200 million |
0.50 | % | ||
Next $300 million |
0.40 | % | ||
Next $500 million |
0.35 | % | ||
Next $19.5 billion |
0.30 | % | ||
Over $20.5 billion |
0.24 | % |
Invesco Short Duration Inflation Protected Fund
Net Assets |
Annual Rate | |||
First $500 million |
0.20 | % | ||
Over $500 million |
0.175 | % |
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Invesco Government Money Market Fund
Net Assets |
Annual Rate | |||
All Assets |
0.15 | % |
Invesco Xxxxxxxxxxx Intermediate Income Fund*
Net Assets |
Annual Rate | |||
First $500 million |
0.40 | % | ||
Next $500 million |
0.35 | % | ||
Next $4 billion |
0.33 | % | ||
Over $5 billion |
0.31 | % |
Invesco Xxxxxxxxxxx Global High Yield Fund*
Net Assets |
Annual Rate** | |||
First $500 million |
0.75 | % | ||
Next $500 million |
0.70 | % | ||
Next $3 billion |
0.65 | % | ||
Over $4 billion |
0.60 | % |
** | To the extent Invesco Xxxxxxxxxxx Global High Yield Fund invests its assets in Invesco Xxxxxxxxxxx Global High Yield Fund (Cayman) Ltd., a direct wholly-owned subsidiary of Invesco Xxxxxxxxxxx Global High Yield Fund, the Adviser shall not collect the portion of the advisory fee that the Adviser would otherwise be entitled to collect from Invesco Xxxxxxxxxxx Global High Yield Fund, in an amount equal to 100% of the advisory fee that the Adviser receives from Invesco Xxxxxxxxxxx Global High Yield Fund (Cayman) Ltd. |
Invesco Xxxxxxxxxxx Government Cash Reserves Fund*
Net Assets |
Annual Rate | |||
First $250 million |
0.50 | % | ||
Next $250 million |
0.475 | % | ||
Next $250 million |
0.45 | % | ||
Next $250 million |
0.425 | % | ||
Over $1 billion |
0.40 | % |
Invesco Xxxxxxxxxxx Government Money Market Fund*
Net Assets |
Annual Rate | |||
First $500 million |
0.45 | % | ||
Next $500 million |
0.425 | % | ||
Next $500 million |
0.40 | % | ||
Next $1.5 billion |
0.375 | % | ||
Over $3 billion |
0.35 | % |
Invesco Xxxxxxxxxxx Limited-Term Bond Fund*
* | The advisory fee payable by the Fund shall be reduced by any amounts paid by such Fund under the Administrative Services Agreement between such Fund and Invesco Advisers, Inc. |
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Net Assets |
Annual Rate | |||
First $500 million |
0.38 | % | ||
Next $500 million |
0.35 | % | ||
Next $4 billion |
0.32 | % | ||
Over $5 billion |
0.30 | % |
Invesco Xxxxxxxxxxx Limited-Term Government Fund*
Net Assets |
Annual Rate | |||
First $100 million |
0.50 | % | ||
Next $150 million |
0.45 | % | ||
Next $250 million |
0.43 | % | ||
Next $4.5 billion |
0.40 | % | ||
Over $5 billion |
0.38 | % |
Invesco Xxxxxxxxxxx Master Inflation Protected Securities Fund*
Net Assets |
Annual Rate | |||
First $1 billion |
0.40 | % | ||
Over $1 billion |
0.35 | % |
Invesco Xxxxxxxxxxx Ultra-Short Duration Fund*
Net Assets |
Annual Rate | |||
All Assets |
0.30 | % |
Invesco Short Term Bond Fund
Net Assets |
Annual Rate | |||
First $500 million |
0.350 | % | ||
Next $500 million |
0.325 | % | ||
Next $1.5 billion |
0.300 | % | ||
Next $2.5 billion |
0.290 | % | ||
Over $5 billion |
0.280 | %” |
2. | In all other respects, the Agreement is hereby confirmed and remains in full force and effect. |
* | The advisory fee payable by the Fund shall be reduced by any amounts paid by such Fund under the Administrative Services Agreement between such Fund and Invesco Advisers, Inc. |
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IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective officers on the date first written above.
AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS) | ||||||||
Attest: | /s/ Xxxxx Xxxxxxxx |
By: | /s/ Xxxxxxx X. Xxxxx | |||||
Assistant Secretary | (Xxxxxxx X. Xxxxx) | |||||||
Senior Vice President | ||||||||
INVESCO ADVISERS, INC. | ||||||||
Attest: | /s/ Xxxxx Xxxxxxxx |
By: | /s/ Xxxxxxx X. Xxxxx | |||||
Assistant Secretary | (Xxxxxxx X. Xxxxx) | |||||||
Senior Vice President |
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