<SEC-DOCUMENT>0001258897-13-000625.txt : 20131030
<SEC-HEADER>0001258897-13-000625.hdr.sgml : 20131030
<ACCEPTANCE-DATETIME>20131030115458
ACCESSION NUMBER:		0001258897-13-000625
CONFORMED SUBMISSION TYPE:	NSAR-A
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20130831
FILED AS OF DATE:		20131030
DATE AS OF CHANGE:		20131030
EFFECTIVENESS DATE:		20131030

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Invesco Value Municipal Income Trust
		CENTRAL INDEX KEY:			0000885601
		IRS NUMBER:				133647663
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		NSAR-A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06590
		FILM NUMBER:		131178341

	BUSINESS ADDRESS:	
		STREET 1:		C/O MORGAN STANLEY TRUST
		STREET 2:		HARBORSIDE FINANCIAL CENTER, PLAZA TWO
		CITY:			JERSEY CITY
		STATE:			NJ
		ZIP:			07311
		BUSINESS PHONE:		404-439-3217

	MAIL ADDRESS:	
		STREET 1:		1555 PEACHTREE STREET, N.E.
		STREET 2:		SUITE 1800
		CITY:			ATLANTA
		STATE:			2Q
		ZIP:			30309

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Invesco Insured Municipal Income Trust
		DATE OF NAME CHANGE:	20100601

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MORGAN STANLEY INSURED MUNICIPAL INCOME TRUST
		DATE OF NAME CHANGE:	20090722

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MORGAN STANLEY  INSURED MUNICIPAL INCOME TRUST
		DATE OF NAME CHANGE:	20011220
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-A
<SEQUENCE>1
<FILENAME>606630answer.fil
<DESCRIPTION>NSAR-A
<TEXT>
<PAGE>      PAGE  1
000 A000000 08/31/2013
000 C000000 0000885601
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 INVESCO VALUE MUNICIPAL INCOME TRUST
001 B000000 811-06590
001 C000000 8002415477
002 A000000 1555 PEACHTREE ST., NE
002 B000000 ATLANTA
002 C000000 GA
002 D010000 30309
003  000000 N
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008 A000001 Invesco Advisers, Inc.
008 B000001 A
008 C000001 801-33949
008 D010001 HOUSTON
008 D020001 TX
008 D030001 77046
008 D040001 1173
008 A000002 Invesco Asset Management Deutschland GmbH
008 B000002 S
008 C000002 801-67712
008 D010002 Frankfurt
008 D050002 Germany
008 D060002 60313
008 A000003 Invesco Asset Management Limited
008 B000003 S
008 C000003 801-50197
008 D010003 London
008 D050003 United Kingdom
008 D060003 EC2A1AG
008 A000004 Invesco Asset Management (Japan) Ltd.
008 B000004 S
008 C000004 801-52601
008 D010004 Tokyo
008 D050004 Japan
008 D060004 105-6025
008 A000005 Invesco Australia Limited
008 B000005 S
008 C000005 801-68638
<PAGE>      PAGE  2
008 D010005 Melbourne
008 D050005 Australia
008 D060005 3000
008 A000006 Invesco Hong Kong Limited
008 B000006 S
008 C000006 801-47856
008 D010006 HONG KONG
008 D050006 HONG KONG
008 A000007 Invesco Senior Secured Management, Inc.
008 B000007 S
008 C000007 801-38119
008 D010007 NEW YORK
008 D020007 NY
008 D030007 10036
008 D040007 2727
008 A000008 Invesco Canada Ltd.
008 B000008 S
008 C000008 801-62166
008 D010008 TORONTO
008 D050008 CANADA
008 D060008 M2N 6X7
010 A000001 Invesco Management Group Inc.
010 B000001 33-67866
010 C010001 Houston
010 C020001 TX
010 C030001 77046
012 A000001 COMPUTERSHARE TRUST COMPANY, N.A.
012 B000001 85-11340
012 C010001 PROVIDENCE
012 C020001 RI
012 C030001 02940
012 C040001 0301
013 A000001 PricewaterhouseCoopers, LLP
013 B010001 HOUSTON
013 B020001 TX
013 B030001 77002
013 B040001 5678
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015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02111
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000  131
019 C000000 INVESCOFDS
021  000000        0
022 A000001 J.P. MORGAN SECURITIES INC.
022 B000001 13-3299429
022 C000001     45732
<PAGE>      PAGE  3
022 D000001     34522
022 A000002 CITIGROUP GLOBAL MARKETS INC.
022 B000002 11-2418191
022 C000002     28589
022 D000002     26091
022 A000003 RBC CAPITAL MARKETS CORP.
022 B000003 13-5033225
022 C000003     12749
022 D000003     24445
022 A000004 MORGAN STANLEY & CO., INC.
022 B000004 13-2655998
022 C000004      9291
022 D000004     16648
022 A000005 BANC OF AMERICA SECURITIES LLC
022 B000005 56-2058405
022 C000005      9198
022 D000005      3020
022 A000006 BARCLAYS CAPITAL INC.
022 B000006 06-1031656
022 C000006      9475
022 D000006      2698
022 A000007 DEUTSCHE BANK SECURITIES INC.
022 B000007 13-2730828
022 C000007      8667
022 D000007      3127
022 A000008 GOLDMAN, SACHS & CO.
022 B000008 13-5108880
022 C000008      4272
022 D000008      4002
022 A000009 WELLS FARGO SECURITIES, LLC
022 B000009 56-2326000
022 C000009      3859
022 D000009      2156
022 A000010 UBS FINANCIAL SERVICES INC.
022 B000010 13-2638166
022 C000010       988
022 D000010      4202
023 C000000     140779
023 D000000     137255
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026 A000000 N
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SIGNATURE   KELLI GALLEGOS
TITLE       ASSISTANT VP & TREASURER

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77C VOTES
<SEQUENCE>2
<FILENAME>dex9977c.txt
<DESCRIPTION>EX-99.77C
<TEXT>
<PAGE>

                                                                   Sub-Item 77C

              SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

                     INVESCO VALUE MUNICIPAL INCOME TRUST

An Annual Meeting ("Meeting") of Shareholders of Invesco Value Municipal Income
Trust (the "Trust") was held on August 8, 2013. The Meeting was held for the
following purpose:

(1). Elect three Trustees, by the holders of Common Shares and Preferred Shares
     voting together as a single class, and elect one Trustee by the holders of
     Preferred Shares voting separately, each of whom will serve for a
     three-year term or until his or her successor has been duly elected and
     qualified.

The results of the voting on the above matter were as follows:

                                                             Votes      Votes
Matter                                                        For      Against
------                                                     ---------- ---------
(1). Albert R. Dowden..................................... 41,343,097 2,629,137
     Hugo F. Sonnenschein................................. 41,360,768 2,611,466
     Raymond Stickel, Jr.................................. 41,441,655 2,530,579
     Prema Mathai-Davis/(P)/..............................      1,431         0

--------
/(P)/ Election of Trustee by preferred shareholders only.
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77E LEGAL
<SEQUENCE>3
<FILENAME>dex9977e.txt
<DESCRIPTION>EX-99.77E
<TEXT>
<PAGE>

                                                                   SUB-ITEM 77E

                     INVESCO VALUE MUNICIPAL INCOME TRUST

   On January 17, 2011, a Consolidated Amended Shareholder Derivative Complaint
("Complaint") was filed by common shareholders on behalf of Invesco Value
Municipal Income Trust and Invesco Municipal Opportunity Trust (the "Trusts")
against Morgan Stanley Investment Advisers, Inc. and its parent as well as
certain individuals (collectively, the "Defendants") in Curbow Family LLC v.
Morgan Stanley Investment Advisors, Inc. The Plaintiffs alleged that Defendants
breached their fiduciary duties primarily by causing the Trusts to redeem
Auction Rate Preferred Securities ("ARPS") at their liquidation value, which
was allegedly higher than market value at the time, and by not having adequate
procedures to deal with potential conflicts of interest. The Plaintiffs alleged
that the redemption of the ARPS wasted Trust assets, occurred at the expense of
the Trusts and the common shareholders, and was improperly motivated to benefit
preferred shareholders and Defendants. Additionally, the Plaintiffs claimed
that the ARPS were replaced with less favorable financing. Plaintiffs seek a
judgment that: 1) prohibits the Trusts from redeeming any ARPS at their
liquidation value using the Trusts' assets; 2) awards monetary damages against
all Defendants, individually, jointly or severally, in favor of the Trusts, for
all losses and damages allegedly suffered as a result of the redemptions of
ARPS at their liquidation value; 3) grants appropriate equitable relief to
remedy the Defendants' breaches of fiduciary duties; and 4) awards to
Plaintiffs the costs and disbursements of the action. On June 24, 2010, the
Board of Trustees formed a Special Litigation Committee ("SLC") to investigate
the claims made in the April 2010 demand letters underlying the Complaint, with
the assistance of independent counsel. After reviewing the findings of the SLC,
the Independent Trustees of the Board announced on July 12, 2011 that it had
voted to adopt the SLC's recommendation to reject the demands and seek
dismissal of the lawsuit. The Trusts filed a motion to dismiss on October 4,
2011, which remains pending.

   Management of Invesco and the Trust believe that the outcome of the
proceedings described above will not have a material adverse effect on the
Trust or on the ability of Invesco to provide ongoing services to the Trust.
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q1E OTHR EXH
<SEQUENCE>4
<FILENAME>dex9977q1e.txt
<DESCRIPTION>EX-99.77Q1E
<TEXT>
<PAGE>

                                                               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 Municipal Income Opportunities
Trust, Invesco Quality Municipal Income Trust, Invesco Securities Trust,
Invesco Value Municipal Income Trust 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), Invesco agrees 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 (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, Invesco agrees 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), Invesco agrees 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

<PAGE>

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 MUNICIPAL INCOME OPPORTUNITIES TRUST
      INVESCO QUALITY MUNICIPAL INCOME TRUST
      INVESCO SECURITIES TRUST
      INVESCO VALUE MUNICIPAL INCOME TRUST
      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

<PAGE>

                                                          as of August 28, 2013

                         EXHIBIT "A" - RETAIL FUNDS/1/

          AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT     EXPIRATION DATE
----                                          ------------ ---------- ------------------ -----------------
<S>                                           <C>          <C>        <C>                <C>
Invesco American Franchise Fund
   Class A Shares                             Contractual     2.00%      July 1, 2013      June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2013      June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2013      June 30, 2014
   Class R Shares                             Contractual     2.25%      July 1, 2013      June 30, 2014
   Class R5 Shares                            Contractual     1.75%      July 1, 2013      June 30, 2014
   Class R6 Shares                            Contractual     1.75%      July 1, 2013      June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2013      June 30, 2014
Invesco California Tax-Free
   Income Fund
   Class A Shares                             Contractual     1.50%      July 1, 2012      June 30, 2014
   Class B Shares                             Contractual     2.00%      July 1, 2012      June 30, 2014
   Class C Shares                             Contractual     2.00%      July 1, 2012      June 30, 2014
   Class Y Shares                             Contractual     1.25%      July 1, 2012      June 30, 2014
Invesco Core Plus Bond Fund
   Class A Shares                             Contractual     0.75%      June 6, 2011    December 31, 2013
   Class B Shares                             Contractual     1.50%      June 6, 2011    December 31, 2013
   Class C Shares                             Contractual     1.50%      June 6, 2011    December 31, 2013
   Class R Shares                             Contractual     1.00%      June 6, 2011    December 31, 2013
   Class R5 Shares                            Contractual     0.50%      June 6, 2011    December 31, 2013
   Class R6 Shares                            Contractual     0.50%   September 24, 2012 December 31, 2013
   Class Y Shares                             Contractual     0.50%      June 6, 2011    December 31, 2013
Invesco Equally-Weighted S&P 500 Fund
   Class A Shares                             Contractual     2.00%      July 1, 2012      June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2012      June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2012      June 30, 2014
   Class R Shares                             Contractual     2.25%      July 1, 2012      June 30, 2014
   Class R6 Shares                            Contractual     1.75%   September 24, 2012   June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2012      June 30, 2014
Invesco Equity and Income Fund
   Class A Shares                             Contractual     1.50%      July 1, 2012      June 30, 2014
   Class B Shares                             Contractual     2.25%      July 1, 2012      June 30, 2014
   Class C Shares                             Contractual     2.25%      July 1, 2012      June 30, 2014
   Class R Shares                             Contractual     1.75%      July 1, 2012      June 30, 2014
   Class R5 Shares                            Contractual     1.25%      July 1, 2012      June 30, 2014
   Class R6 Shares                            Contractual     1.25%   September 24, 2012   June 30, 2014
   Class Y Shares                             Contractual     1.25%      July 1, 2012      June 30, 2014
Invesco Floating Rate Fund
   Class A Shares                             Contractual     1.50%     April 14, 2006     June 30, 2014
   Class C Shares                             Contractual     2.00%     April 14, 2006     June 30, 2014
   Class R Shares                             Contractual     1.75%     April 14, 2006     June 30, 2014
   Class R5 Shares                            Contractual     1.25%     April 14, 2006     June 30, 2014
   Class R6 Shares                            Contractual     1.25%   September 24, 2012   June 30, 2014
   Class Y Shares                             Contractual     1.25%    October 3, 2008     June 30, 2014
Invesco Global Real Estate Income Fund
   Class A Shares                             Contractual     2.00%      July 1, 2009      June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2009      June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2009      June 30, 2014
   Class R5 Shares                            Contractual     1.75%      July 1, 2009      June 30, 2014
   Class R6 Shares                            Contractual     1.75%   September 24, 2012   June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2009      June 30, 2014
</TABLE>

See page 15 for footnotes to Exhibit A.

                                      3

<PAGE>

                                                          as of August 28, 2013

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF   EXPIRATION
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT        DATE
----                                          ------------ ---------- ------------------ -------------
<S>                                           <C>          <C>        <C>                <C>
Invesco Growth and Income Fund
   Class A Shares                             Contractual     2.00%      July 1, 2012    June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2012    June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2012    June 30, 2014
   Class R Shares                             Contractual     2.25%      July 1, 2012    June 30, 2014
   Class R5 Shares                            Contractual     1.75%      July 1, 2012    June 30, 2014
   Class R6 Shares                            Contractual     1.75%   September 24, 2012 June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2012    June 30, 2014
Invesco Pennsylvania Tax Free
   Income Fund
   Class A Shares                             Contractual     1.50%      July 1, 2012    June 30, 2014
   Class B Shares                             Contractual     2.25%      July 1, 2012    June 30, 2014
   Class C Shares                             Contractual     2.25%      July 1, 2012    June 30, 2014
   Class Y Shares                             Contractual     1.25%      July 1, 2012    June 30, 2014
Invesco S&P 500 Index Fund
   Class A Shares                             Contractual     2.00%      July 1, 2012    June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2012    June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2012    June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2012    June 30, 2014
Invesco Small Cap Discovery Fund
   Class A Shares                             Contractual     2.00%      July 1, 2012    June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2012    June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2012    June 30, 2014
   Class R5 Shares                            Contractual     1.75%   September 24, 2012 June 30, 2014
   Class R6 Shares                            Contractual     1.75%   September 24, 2012 June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2012    June 30, 2014
Invesco U.S. Quantitative Core Fund
   Class A Shares                             Contractual     2.00%      July 1, 2012    June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2012    June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2012    June 30, 2014
   Class R Shares                             Contractual     2.25%      July 1, 2012    June 30, 2014
   Class R5 Shares                            Contractual     1.75%      July 1, 2012    June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2012    June 30, 2014
   Investor Class Shares                      Contractual     2.00%      July 1, 2012    June 30, 2014
</TABLE>

                    AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF   EXPIRATION
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT        DATE
----                                          ------------ ---------- ------------------ -------------
<S>                                           <C>          <C>        <C>                <C>
Invesco Charter Fund
   Class A Shares                             Contractual     2.00%      July 1, 2009    June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2009    June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2009    June 30, 2014
   Class R Shares                             Contractual     2.25%      July 1, 2009    June 30, 2014
   Class R5 Shares                            Contractual     1.75%      July 1, 2009    June 30, 2014
   Class R6 Shares                            Contractual     1.75%   September 24, 2012 June 30, 2014
   Class S Shares                             Contractual     1.90%   September 25, 2009 June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2009    June 30, 2014
Invesco Constellation Fund
   Class A Shares                             Contractual     2.00%      July 1, 2009    June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2009    June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2009    June 30, 2014
   Class R Shares                             Contractual     2.25%      July 1, 2009    June 30, 2014
   Class R5 Shares                            Contractual     1.75%      July 1, 2009    June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2009    June 30, 2014
</TABLE>

See page 15 for footnotes to Exhibit A.

                                      4

<PAGE>

                                                          as of August 28, 2013


<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF   EXPIRATION
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT        DATE
----                                          ------------ ---------- ------------------ -------------
<S>                                           <C>          <C>        <C>                <C>
Invesco Disciplined Equity Fund
   Class Y Shares                             Contractual     1.75%     July 14, 2009    June 30, 2014
Invesco Diversified Dividend Fund
   Class A Shares                             Contractual     2.00%      July 1, 2013    June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2013    June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2013    June 30, 2014
   Class R Shares                             Contractual     2.25%      July 1, 2013    June 30, 2014
   Class R5 Shares                            Contractual     1.75%      July 1, 2013    June 30, 2014
   Class R6 Shares                            Contractual     1.75%      July 1, 2013    June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2013    June 30, 2014
   Investor Class Shares                      Contractual     2.00%      July 1, 2013    June 30, 2014
Invesco Summit Fund
   Class A Shares                             Contractual     2.00%      July 1, 2009    June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2009    June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2009    June 30, 2014
   Class P Shares                             Contractual     1.85%      July 1, 2009    June 30, 2014
   Class R5 Shares                            Contractual     1.75%      July 1, 2009    June 30, 2014
   Class S Shares                             Contractual     1.90%   September 25, 2009 June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2009    June 30, 2014
</TABLE>

                     AIM FUNDS GROUP (INVESCO FUNDS GROUP)

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF   EXPIRATION
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT        DATE
----                                          ------------ ---------- ------------------ -------------
<S>                                           <C>          <C>        <C>                <C>
Invesco European Small Company Fund
   Class A Shares                             Contractual     2.25%      July 1, 2009    June 30, 2014
   Class B Shares                             Contractual     3.00%      July 1, 2009    June 30, 2014
   Class C Shares                             Contractual     3.00%      July 1, 2009    June 30, 2014
   Class Y Shares                             Contractual     2.00%      July 1, 2009    June 30, 2014
Invesco Global Core Equity Fund
   Class A Shares                             Contractual     2.25%      July 1, 2013    June 30, 2014
   Class B Shares                             Contractual     3.00%      July 1, 2013    June 30, 2014
   Class C Shares                             Contractual     3.00%      July 1, 2013    June 30, 2014
   Class R Shares                             Contractual     2.50%      July 1, 2013    June 30, 2014
   Class R5 Shares                            Contractual     2.00%      July 1, 2013    June 30, 2014
   Class Y Shares                             Contractual     2.00%      July 1, 2013    June 30, 2014
Invesco International Small Company Fund
   Class A Shares                             Contractual     2.25%      July 1, 2009    June 30, 2014
   Class B Shares                             Contractual     3.00%      July 1, 2009    June 30, 2014
   Class C Shares                             Contractual     3.00%      July 1, 2009    June 30, 2014
   Class R5 Shares                            Contractual     2.00%      July 1, 2009    June 30, 2014
   Class R6 Shares                            Contractual     2.00%   September 24, 2012 June 30, 2014
   Class Y Shares                             Contractual     2.00%      July 1, 2009    June 30, 2014
Invesco Small Cap Equity Fund
   Class A Shares                             Contractual     2.00%      July 1, 2009    June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2009    June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2009    June 30, 2014
   Class R Shares                             Contractual     2.25%      July 1, 2009    June 30, 2014
   Class R5 Shares                            Contractual     1.75%      July 1, 2009    June 30, 2014
   Class R6 Shares                            Contractual     1.75%   September 24, 2012 June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2009    June 30, 2014
</TABLE>

See page 15 for footnotes to Exhibit A.

                                      5

<PAGE>

                                                          as of August 28, 2013


                   AIM GROWTH SERIES (INVESCO GROWTH SERIES)

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF    EXPIRATION
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT         DATE
----                                          ------------ ---------- ------------------ --------------
<S>                                           <C>          <C>        <C>                <C>
Invesco Balanced-Risk Retirement 2020 Fund
   Class A Shares                             Contractual     0.25%    November 4, 2009  April 30, 2014
   Class AX Shares                            Contractual     0.25%   February 12, 2010  April 30, 2014
   Class B Shares                             Contractual     1.00%    November 4, 2009  April 30, 2014
   Class C Shares                             Contractual     1.00%    November 4, 2009  April 30, 2014
   Class CX Shares                            Contractual     1.00%   February 12, 2010  April 30, 2014
   Class R Shares                             Contractual     0.50%    November 4, 2009  April 30, 2014
   Class R5 Shares                            Contractual     0.00%    November 4, 2009  April 30, 2014
   Class R6 Shares                            Contractual     0.00%   September 24, 2012 April 30, 2014
   Class RX Shares                            Contractual     0.50%   February 12, 2010  April 30, 2014
   Class Y Shares                             Contractual     0.00%    November 4, 2009  April 30, 2014
Invesco Balanced-Risk Retirement 2030 Fund
   Class A Shares                             Contractual     0.25%    November 4, 2009  April 30, 2014
   Class AX Shares                            Contractual     0.25%   February 12, 2010  April 30, 2014
   Class B Shares                             Contractual     1.00%    November 4, 2009  April 30, 2014
   Class C Shares                             Contractual     1.00%    November 4, 2009  April 30, 2014
   Class CX Shares                            Contractual     1.00%   February 12, 2010  April 30, 2014
   Class R Shares                             Contractual     0.50%    November 4, 2009  April 30, 2014
   Class R5 Shares                            Contractual     0.00%    November 4, 2009  April 30, 2014
   Class R6 Shares                            Contractual     0.00%   September 24, 2012 April 30, 2014
   Class RX Shares                            Contractual     0.50%   February 12, 2010  April 30, 2014
   Class Y Shares                             Contractual     0.00%    November 4, 2009  April 30, 2014
Invesco Balanced-Risk Retirement 2040 Fund
   Class A Shares                             Contractual     0.25%    November 4, 2009  April 30, 2014
   Class AX Shares                            Contractual     0.25%   February 12, 2010  April 30, 2014
   Class B Shares                             Contractual     1.00%    November 4, 2009  April 30, 2014
   Class C Shares                             Contractual     1.00%    November 4, 2009  April 30, 2014
   Class CX Shares                            Contractual     1.00%   February 12, 2010  April 30, 2014
   Class R Shares                             Contractual     0.50%    November 4, 2009  April 30, 2014
   Class R5 Shares                            Contractual     0.00%    November 4, 2009  April 30, 2014
   Class R6 Shares                            Contractual     0.00%   September 24, 2012 April 30, 2014
   Class RX Shares                            Contractual     0.50%   February 12, 2010  April 30, 2014
   Class Y Shares                             Contractual     0.00%    November 4, 2009  April 30, 2014
Invesco Balanced-Risk Retirement 2050 Fund
   Class A Shares                             Contractual     0.25%    November 4, 2009  April 30, 2014
   Class AX Shares                            Contractual     0.25%   February 12, 2010  April 30, 2014
   Class B Shares                             Contractual     1.00%    November 4, 2009  April 30, 2014
   Class C Shares                             Contractual     1.00%    November 4, 2009  April 30, 2014
   Class CX Shares                            Contractual     1.00%   February 12, 2010  April 30, 2014
   Class R Shares                             Contractual     0.50%    November 4, 2009  April 30, 2014
   Class R5 Shares                            Contractual     0.00%    November 4, 2009  April 30, 2014
   Class R6 Shares                            Contractual     0.00%   September 24, 2012 April 30, 2014
   Class RX Shares                            Contractual     0.50%   February 12, 2010  April 30, 2014
   Class Y Shares                             Contractual     0.00%    November 4, 2009  April 30, 2014
Invesco Balanced-Risk Retirement Now Fund
   Class A Shares                             Contractual     0.25%    November 4, 2009  April 30, 2014
   Class AX Shares                            Contractual     0.25%   February 12, 2010  April 30, 2014
   Class B Shares                             Contractual     1.00%    November 4, 2009  April 30, 2014
   Class C Shares                             Contractual     1.00%    November 4, 2009  April 30, 2014
   Class CX Shares                            Contractual     1.00%   February 12, 2010  April 30, 2014
   Class R Shares                             Contractual     0.50%    November 4, 2009  April 30, 2014
   Class R5 Shares                            Contractual     0.00%    November 4, 2009  April 30, 2014
   Class R6 Shares                            Contractual     0.00%   September 24, 2012 April 30, 2014
   Class RX Shares                            Contractual     0.50%   February 12, 2010  April 30, 2014
   Class Y Shares                             Contractual     0.00%    November 4, 2009  April 30, 2014
</TABLE>

See page 15 for footnotes to Exhibit A.

                                      6

<PAGE>

                                                          as of August 28, 2013

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF    EXPIRATION
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT         DATE
----                                          ------------ ---------- ------------------ --------------
<S>                                           <C>          <C>        <C>                <C>
Invesco Conservative Allocation Fund
   Class A Shares
   Class B Shares                             Contractual     1.50%      July 1, 2012    June 30, 2014
   Class C Shares                             Contractual     2.25%      July 1, 2012    June 30, 2014
   Class R Shares                             Contractual     2.25%      July 1, 2012    June 30, 2014
   Class R5 Shares                            Contractual     1.75%      July 1, 2012    June 30, 2014
   Class S Shares                             Contractual     1.25%      July 1, 2012    June 30, 2014
   Class Y Shares                             Contractual     1.40%      July 1, 2012    June 30, 2014
                                              Contractual     1.25%      July 1, 2012    June 30, 2014
Invesco Convertible Securities Fund
   Class A Shares                             Contractual     1.50%      July 1, 2012    June 30, 2014
   Class B Shares                             Contractual     2.25%      July 1, 2012    June 30, 2014
   Class C Shares                             Contractual     2.25%      July 1, 2012    June 30, 2014
   Class R5 Shares                            Contractual     1.25%      July 1, 2012    June 30, 2014
   Class R6 Shares                            Contractual     1.25%   September 24, 2012 June 30, 2014
   Class Y Shares                             Contractual     1.25%      July 1, 2012    June 30, 2014
Invesco Global Quantitative Core Fund
   Class A Shares
   Class B Shares                             Contractual     2.25%      July 1, 2009    June 30, 2014
   Class C Shares                             Contractual     3.00%      July 1, 2009    June 30, 2014
   Class R Shares                             Contractual     3.00%      July 1, 2009    June 30, 2014
   Class R5 Shares                            Contractual     2.50%      July 1, 2009    June 30, 2014
   Class Y Shares                             Contractual     2.00%      July 1, 2009    June 30, 2014
                                              Contractual     2.00%      July 1, 2009    June 30, 2014
Invesco Growth Allocation Fund
   Class A Shares                             Contractual     2.00%      July 1, 2012    June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2012    June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2012    June 30, 2014
   Class R Shares                             Contractual     2.25%      July 1, 2012    June 30, 2014
   Class R5 Shares                            Contractual     1.75%      July 1, 2012    June 30, 2014
   Class S Shares                             Contractual     1.90%      July 1, 2012    June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2012    June 30, 2014
Invesco Income Allocation Fund
   Class A Shares                             Contractual     0.25%      May 1, 2012     April 30, 2014
   Class B Shares                             Contractual     1.00%      May 1, 2012     April 30, 2014
   Class C Shares                             Contractual     1.00%      May 1, 2012     April 30, 2014
   Class R Shares                             Contractual     0.50%      May 1, 2012     April 30, 2014
   Class R5 Shares                            Contractual     0.00%      May 1, 2012     April 30, 2014
   Class Y Shares                             Contractual     0.00%      May 1, 2012     April 30, 2014
Invesco International Allocation Fund
   Class A Shares                             Contractual     2.25%      May 1, 2012     June 30, 2014
   Class B Shares                             Contractual     3.00%      May 1, 2012     June 30, 2014
   Class C Shares                             Contractual     3.00%      May 1, 2012     June 30, 2014
   Class R Shares                             Contractual     2.50%      May 1, 2012     June 30, 2014
   Class R5 Shares                            Contractual     2.00%      May 1, 2012     June 30, 2014
   Class Y Shares                             Contractual     2.00%      May 1, 2012     June 30, 2014
Invesco Leaders Fund
   Class A Shares                             Contractual     2.25%      July 1, 2012    June 30, 2014
   Class B Shares                             Contractual     3.00%      July 1, 2012    June 30, 2014
   Class C Shares                             Contractual     3.00%      July 1, 2012    June 30, 2014
   Class Y Shares                             Contractual     2.00%      July 1, 2012    June 30, 2014
Invesco Mid Cap Core Equity Fund
   Class A Shares                             Contractual     2.00%      July 1, 2009    June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2009    June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2009    June 30, 2014
   Class R Shares                             Contractual     2.25%      July 1, 2009    June 30, 2014
   Class R5 Shares                            Contractual     1.75%      July 1, 2009    June 30, 2014
   Class R6 Shares                            Contractual     1.75%   September 24, 2012 June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2009    June 30, 2014
</TABLE>

See page 15 for footnotes to Exhibit A.

                                      7

<PAGE>

                                                          as of August 28, 2013

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF   EXPIRATION
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT        DATE
----                                          ------------ ---------- ------------------ -------------
<S>                                           <C>          <C>        <C>                <C>
Invesco Moderate Allocation Fund
   Class A Shares                             Contractual     1.50%      July 1, 2012    June 30, 2014
   Class B Shares                             Contractual     2.25%      July 1, 2012    June 30, 2014
   Class C Shares                             Contractual     2.25%      July 1, 2012    June 30, 2014
   Class R Shares                             Contractual     1.75%      July 1, 2012    June 30, 2014
   Class R5 Shares                            Contractual     1.25%      July 1, 2012    June 30, 2014
   Class S Shares                             Contractual     1.40%      July 1, 2012    June 30, 2014
   Class Y Shares                             Contractual     1.25%      July 1, 2012    June 30, 2014
Invesco Small Cap Growth Fund
   Class A Shares                             Contractual     2.00%      July 1, 2009    June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2009    June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2009    June 30, 2014
   Class R Shares                             Contractual     2.25%      July 1, 2009    June 30, 2014
   Class R5 Shares                            Contractual     1.75%      July 1, 2009    June 30, 2014
   Class R6 Shares                            Contractual     1.75%   September 24, 2012 June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2009    June 30, 2014
   Investor Class Shares                      Contractual     2.00%      July 1, 2009    June 30, 2014
Invesco U.S. Mortgage Fund
   Class A Shares                             Contractual     1.50%      July 1, 2012    June 30, 2014
   Class B Shares                             Contractual     2.25%      July 1, 2012    June 30, 2014
   Class C Shares                             Contractual     2.25%      July 1, 2012    June 30, 2014
   Class R5 Shares                            Contractual     1.25%      July 1, 2012    June 30, 2014
   Class Y Shares                             Contractual     1.25%      July 1, 2012    June 30, 2014
</TABLE>

      AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF     EXPIRATION
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT          DATE
----                                          ------------ ---------- ------------------ -----------------
<S>                                           <C>          <C>        <C>                <C>
Invesco Asia Pacific Growth Fund
   Class A Shares                             Contractual     2.25%      July 1, 2009      June 30, 2014
   Class B Shares                             Contractual     3.00%      July 1, 2009      June 30, 2014
   Class C Shares                             Contractual     3.00%      July 1, 2009      June 30, 2014
   Class Y Shares                             Contractual     2.00%      July 1, 2009      June 30, 2014
Invesco European Growth Fund
   Class A Shares                             Contractual     2.25%      July 1, 2009      June 30, 2014
   Class B Shares                             Contractual     3.00%      July 1, 2009      June 30, 2014
   Class C Shares                             Contractual     3.00%      July 1, 2009      June 30, 2014
   Class R Shares                             Contractual     2.50%      July 1, 2009      June 30, 2014
   Class Y Shares                             Contractual     2.00%      July 1, 2009      June 30, 2014
   Investor Class Shares                      Contractual     2.25%      July 1, 2009      June 30, 2014
Invesco Global Growth Fund
   Class A Shares                             Contractual     2.25%    January 1, 2013     June 30, 2014
   Class B Shares                             Contractual     3.00%    January 1, 2013     June 30, 2014
   Class C Shares                             Contractual     3.00%    January 1, 2013     June 30, 2014
   Class R5 Shares                            Contractual     2.00%    January 1, 2013     June 30, 2014
   Class R6 Shares                            Contractual     2.00%    January 1, 2013     June 30, 2014
   Class Y Shares                             Contractual     2.00%    January 1, 2013     June 30, 2014
Invesco Global Opportunities Fund
   Class A Shares                             Contractual     1.36%     August 1, 2012   February 28, 2014
   Class C Shares                             Contractual     2.11%     August 1, 2012   February 28, 2014
   Class R Shares                             Contractual     1.61%     August 1, 2012   February 28, 2014
   Class R5 Shares                            Contractual     1.11%     August 1, 2012   February 28, 2014
   Class R6 Shares                            Contractual     1.11%   September 24, 2012 February 28, 2014
   Class Y Shares                             Contractual     1.11%     August 1, 2012   February 28, 2014
</TABLE>

See page 15 for footnotes to Exhibit A.

                                      8

<PAGE>

                                                          as of August 28, 2013

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF     EXPIRATION
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT          DATE
----                                          ------------ ---------- ------------------ -----------------
<S>                                           <C>          <C>        <C>                <C>
Invesco Select Opportunities Fund
   Class A Shares                             Contractual     1.51%     August 1, 2012   February 28, 2014
   Class C Shares                             Contractual     2.26%     August 1, 2012   February 28, 2014
   Class R Shares                             Contractual     1.76%     August 1, 2012   February 28, 2014
   Class R5 Shares                            Contractual     1.26%     August 1, 2012   February 28, 2014
   Class R6 Shares                            Contractual     1.26%   September 24, 2012 February 28, 2014
   Class Y Shares                             Contractual     1.26%     August 1, 2012   February 28, 2014
Invesco Global Small & Mid Cap Growth Fund
   Class A Shares                             Contractual     2.25%      July 1, 2009      June 30, 2014
   Class B Shares                             Contractual     3.00%      July 1, 2009      June 30, 2014
   Class C Shares                             Contractual     3.00%      July 1, 2009      June 30, 2014
   Class R5 Shares                            Contractual     2.00%      July 1, 2009      June 30, 2014
   Class Y Shares                             Contractual     2.00%      July 1, 2009      June 30, 2014
Invesco International Core Equity Fund
   Class A Shares                             Contractual     2.25%      July 1, 2009      June 30, 2014
   Class B Shares                             Contractual     3.00%      July 1, 2009      June 30, 2014
   Class C Shares                             Contractual     3.00%      July 1, 2009      June 30, 2014
   Class R Shares                             Contractual     2.50%      July 1, 2009      June 30, 2014
   Class R5 Shares                            Contractual     2.00%      July 1, 2009      June 30, 2014
   Class R6 Shares                            Contractual     2.00%   September 24, 2012   June 30, 2014
   Class Y Shares                             Contractual     2.00%      July 1, 2009      June 30, 2014
   Investor Class Shares                      Contractual     2.25%      July 1, 2009      June 30, 2014
Invesco International Growth Fund
   Class A Shares                             Contractual     2.25%      July 1, 2013      June 30, 2014
   Class B Shares                             Contractual     3.00%      July 1, 2013      June 30, 2014
   Class C Shares                             Contractual     3.00%      July 1, 2013      June 30, 2014
   Class R Shares                             Contractual     2.50%      July 1, 2013      June 30, 2014
   Class R5 Shares                            Contractual     2.00%      July 1, 2013      June 30, 2014
   Class R6 Shares                            Contractual     2.00%      July 1, 2013      June 30, 2014
   Class Y Shares                             Contractual     2.00%      July 1, 2013      June 30, 2014
</TABLE>

                AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT    EXPIRATION DATE
----                                          ------------ ---------- ------------------ ---------------
<S>                                           <C>          <C>        <C>                <C>
Invesco Balanced-Risk Allocation Fund/3/
   Class A Shares                             Contractual     2.00%      July 1, 2012     June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2012     June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2012     June 30, 2014
   Class R Shares                             Contractual     2.25%      July 1, 2012     June 30, 2014
   Class R5 Shares                            Contractual     1.75%      July 1, 2012     June 30, 2014
   Class R6 Shares                            Contractual     1.75%   September 24, 2012  June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2012     June 30, 2014
Invesco Balanced-Risk
Commodity Strategy Fund/4/
   Class A Shares                             Contractual     1.22%   November 29, 2010   June 30, 2014
   Class B Shares                             Contractual     1.97%   November 29, 2010   June 30, 2014
   Class C Shares                             Contractual     1.97%   November 29, 2010   June 30, 2014
   Class R Shares                             Contractual     1.47%   November 29, 2010   June 30, 2014
   Class R5 Shares                            Contractual     0.97%   November 29, 2010   June 30, 2014
   Class R6 Shares                            Contractual     0.97%   September 24, 2012  June 30, 2014
   Class Y Shares                             Contractual     0.97%   November 29, 2010   June 30, 2014
Invesco China Fund
   Class A Shares                             Contractual     2.25%      July 1, 2009     June 30, 2014
   Class B Shares                             Contractual     3.00%      July 1, 2009     June 30, 2014
   Class C Shares                             Contractual     3.00%      July 1, 2009     June 30, 2014
   Class R5 Shares                            Contractual     2.00%      July 1, 2009     June 30, 2014
   Class Y Shares                             Contractual     2.00%      July 1, 2009     June 30, 2014
</TABLE>

See page 15 for footnotes to Exhibit A.

                                      9

<PAGE>

                                                          as of August 28, 2013

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF     EXPIRATION
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT          DATE
----                                          ------------ ---------- ------------------ -----------------
<S>                                           <C>          <C>        <C>                <C>
Invesco Developing Markets Fund
   Class A Shares                             Contractual     2.25%      July 1, 2012      June 30, 2014
   Class B Shares                             Contractual     3.00%      July 1, 2012      June 30, 2014
   Class C Shares                             Contractual     3.00%      July 1, 2012      June 30, 2014
   Class R5 Shares                            Contractual     2.00%      July 1, 2012      June 30, 2014
   Class R6 Shares                            Contractual     2.00%   September 24, 2012   June 30, 2014
   Class Y Shares                             Contractual     2.00%      July 1, 2012      June 30, 2014
Invesco Emerging Market Local Currency Debt
  Fund
   Class A Shares                             Contractual     1.24%     June 14, 2010    February 28, 2014
   Class B Shares                             Contractual     1.99%     June 14, 2010    February 28, 2014
   Class C Shares                             Contractual     1.99%     June 14, 2010    February 28, 2014
   Class R Shares                             Contractual     1.49%     June 14, 2010    February 28, 2014
   Class Y Shares                             Contractual     0.99%     June 14, 2010    February 28, 2014
   Class R5 Shares                            Contractual     0.99%     June 14, 2010    February 28, 2014
   Class R6 Shares                            Contractual     0.99%   September 24, 2012 February 28, 2014
Invesco Emerging Markets Equity Fund
   Class A Shares                             Contractual     1.85%      May 11, 2011    February 28, 2014
   Class C Shares                             Contractual     2.60%      May 11, 2011    February 28, 2014
   Class R Shares                             Contractual     2.10%      May 11, 2011    February 28, 2014
   Class R5 Shares                            Contractual     1.60%      May 11, 2011    February 28, 2014
   Class R6 Shares                            Contractual     1.60%   September 24, 2012 February 28, 2014
   Class Y Shares                             Contractual     1.60%      May 11, 2011    February 28, 2014
Invesco Endeavor Fund
   Class A Shares                             Contractual     2.00%      July 1, 2009      June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2009      June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2009      June 30, 2014
   Class R Shares                             Contractual     2.25%      July 1, 2009      June 30, 2014
   Class R5 Shares                            Contractual     1.75%      July 1, 2009      June 30, 2014
   Class R6 Shares                            Contractual     1.75%   September 24, 2012   June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2009      June 30, 2014
Invesco Global Health Care Fund
   Class A Shares                             Contractual     2.00%      July 1, 2012      June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2012      June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2012      June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2012      June 30, 2014
   Investor Class Shares                      Contractual     2.00%      July 1, 2012      June 30, 2014
Invesco Global Markets Strategy Fund/5/
   Class A Shares                             Contractual     2.25%    August 28, 2013   February 28, 2014
   Class C Shares                             Contractual     3.00%    August 28, 2013   February 28, 2014
   Class R Shares                             Contractual     2.50%    August 28, 2013   February 28, 2014
   Class R5 Shares                            Contractual     2.00%    August 28, 2013   February 28, 2014
   Class R6 Shares                            Contractual     2.00%    August 28, 2013   February 28, 2014
   Class Y Shares                             Contractual     2.00%    August 28, 2013   February 28, 2014
Invesco International Total Return Fund
   Class A Shares                             Contractual     1.10%     March 31, 2006   February 28, 2014
   Class B Shares                             Contractual     1.85%     March 31, 2006   February 28, 2014
   Class C Shares                             Contractual     1.85%     March 31, 2006   February 28, 2014
   Class R5 Shares                            Contractual     0.85%    October 3, 2008   February 28, 2014
   Class R6 Shares                            Contractual     0.85%   September 24, 2012 February 28, 2014
   Class Y Shares                             Contractual     0.85%     March 31, 2006   February 28, 2014
</TABLE>

See page 15 for footnotes to Exhibit A.

                                      10

<PAGE>

                                                          as of August 28, 2013

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF     EXPIRATION
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT          DATE
----                                          ------------ ---------- ------------------ -----------------
<S>                                           <C>          <C>        <C>                <C>
Invesco Pacific Growth Fund
   Class A Shares                             Contractual     2.25%      July 1, 2012      June 30, 2014
   Class B Shares                             Contractual     3.00%      July 1, 2012      June 30, 2014
   Class C Shares                             Contractual     3.00%      July 1, 2012      June 30, 2014
   Class R Shares                             Contractual     2.50%      July 1, 2012      June 30, 2014
   Class R5 Shares                            Contractual     2.00%      July 1, 2012      June 30, 2014
   Class Y Shares                             Contractual     2.00%      July 1, 2012      June 30, 2014
Invesco Premium Income Fund
   Class A Shares                             Contractual     0.89%   December 13, 2011  February 28, 2014
   Class C Shares                             Contractual     1.64%   December 13, 2011  February 28, 2014
   Class R Shares                             Contractual     1.14%   December 13, 2011  February 28, 2014
   Class R5 Shares                            Contractual     0.64%   December 13, 2011  February 28, 2014
   Class R6 Shares                            Contractual     0.64%   September 24, 2012 February 28, 2014
   Class Y Shares                             Contractual     0.64%   December 13, 2011  February 28, 2014
Invesco Select Companies Fund
   Class A Shares                             Contractual     2.00%      July 1, 2009      June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2009      June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2009      June 30, 2014
   Class R Shares                             Contractual     2.25%      July 1, 2009      June 30, 2014
   Class R5 Shares                            Contractual     1.75%      July 1, 2009      June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2009      June 30, 2014
</TABLE>

     AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT     EXPIRATION DATE
----                                          ------------ ---------- ------------------ -----------------
<S>                                           <C>          <C>        <C>                <C>
Invesco Corporate Bond Fund
   Class A Shares                             Contractual     1.50%      July 1, 2012      June 30, 2014
   Class B Shares                             Contractual     2.25%      July 1, 2012      June 30, 2014
   Class C Shares                             Contractual     2.25%      July 1, 2012      June 30, 2014
   Class R Shares                             Contractual     1.75%      July 1, 2012      June 30, 2014
   Class R5 Shares                            Contractual     1.25%      July 1, 2012      June 30, 2014
   Class R6 Shares                            Contractual     1.25%   September 24, 2012   June 30, 2014
   Class Y Shares                             Contractual     1.25%      July 1, 2012      June 30, 2014
Invesco Dynamics Fund
   Class A Shares                             Contractual     2.00%      July 1, 2009      June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2009      June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2009      June 30, 2014
   Class R Shares                             Contractual     2.25%      July 1, 2009      June 30, 2014
   Class R5 Shares                            Contractual     1.75%      July 1, 2009      June 30, 2014
   Class R6 Shares                            Contractual     1.75%   September 24, 2012   June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2009      June 30, 2014
   Investor Class Shares                      Contractual     2.00%      July 1, 2009      June 30, 2014
Invesco Global Real Estate Fund
   Class A Shares                             Contractual     2.00%      July 1, 2009      June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2009      June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2009      June 30, 2014
   Class R Shares                             Contractual     2.25%      July 1, 2009      June 30, 2014
   Class R5 Shares                            Contractual     1.75%      July 1, 2009      June 30, 2014
   Class R6 Shares                            Contractual     1.75%   September 24, 2012   June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2009      June 30, 2014
Invesco High Yield Fund
   Class A Shares                             Contractual     1.50%      July 1, 2013      June 30, 2014
   Class B Shares                             Contractual     2.25%      July 1, 2013      June 30, 2014
   Class C Shares                             Contractual     2.25%      July 1, 2013      June 30, 2014
   Class R5 Shares                            Contractual     1.25%      July 1, 2013      June 30, 2014
   Class R6 Shares                            Contractual     1.25%      July 1, 2013      June 30, 2014
   Class Y Shares                             Contractual     1.25%      July 1, 2013      June 30, 2014
   Investor Class Shares                      Contractual     1.50%      July 1, 2013      June 30, 2014
</TABLE>

See page 15 for footnotes to Exhibit A.

                                      11

<PAGE>

                                                          as of August 28, 2013

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE    EFFECTIVE DATE OF   EXPIRATION
FUND                                           VOLUNTARY   LIMITATION    CURRENT LIMIT        DATE
----                                          ------------ ----------  ------------------ -------------
<S>                                           <C>          <C>         <C>                <C>
Invesco High Yield Securities Fund
   Class A Shares                             Contractual     1.50%       July 1, 2012    June 30, 2014
   Class B Shares                             Contractual     2.00%       July 1, 2012    June 30, 2014
   Class C Shares                             Contractual     2.10%       July 1, 2012    June 30, 2014
   Class Y Shares                             Contractual     1.25%       July 1, 2012    June 30, 2014
Invesco Limited Maturity Treasury Fund
   Class A Shares                             Contractual     1.50%       July 1, 2012    June 30, 2014
   Class A2 Shares                            Contractual     1.40%       July 1, 2012    June 30, 2014
   Class R5 Shares                            Contractual     1.25%       July 1, 2012    June 30, 2014
   Class Y Shares                             Contractual     1.25%       July 1, 2012    June 30, 2014
Invesco Municipal Bond Fund
   Class A Shares                             Contractual     1.50%       July 1, 2012    June 30, 2014
   Class B Shares                             Contractual     2.25%       July 1, 2012    June 30, 2014
   Class C Shares                             Contractual     2.25%       July 1, 2012    June 30, 2014
   Class Y Shares                             Contractual     1.25%       July 1, 2012    June 30, 2014
   Investor Class Shares                      Contractual     1.50%       July 1, 2012    June 30, 2014
Invesco Real Estate Fund
   Class A Shares                             Contractual     2.00%       July 1, 2012    June 30, 2014
   Class B Shares                             Contractual     2.75%       July 1, 2012    June 30, 2014
   Class C Shares                             Contractual     2.75%       July 1, 2012    June 30, 2014
   Class R Shares                             Contractual     2.25%       July 1, 2012    June 30, 2014
   Class R5 Shares                            Contractual     1.75%       July 1, 2012    June 30, 2014
   Class R6 Shares                            Contractual     1.75%    September 24, 2012 June 30, 2014
   Class Y Shares                             Contractual     1.75%       July 1, 2012    June 30, 2014
   Investor Class Shares                      Contractual     2.00%       July 1, 2012    June 30, 2014
Invesco Short Term Bond Fund
   Class A Shares                             Contractual     1.40%       July 1, 2013    June 30, 2014
   Class C Shares                             Contractual     1.75%/2/    July 1, 2013    June 30, 2014
   Class R Shares                             Contractual     1.75%       July 1, 2013    June 30, 2014
   Class R5 Shares                            Contractual     1.25%       July 1, 2013    June 30, 2014
   Class R6 Shares                            Contractual     1.25%       July 1, 2013    June 30, 2014
   Class Y Shares                             Contractual     1.25%       July 1, 2013    June 30, 2014
Invesco U.S. Government Fund
   Class A Shares                             Contractual     1.50%       July 1, 2012    June 30, 2014
   Class B Shares                             Contractual     2.25%       July 1, 2012    June 30, 2014
   Class C Shares                             Contractual     2.25%       July 1, 2012    June 30, 2014
   Class R Shares                             Contractual     1.75%       July 1, 2012    June 30, 2014
   Class R5 Shares                            Contractual     1.25%       July 1, 2012    June 30, 2014
   Class Y Shares                             Contractual     1.25%       July 1, 2012    June 30, 2014
   Investor Class Shares                      Contractual     1.50%       July 1, 2012    June 30, 2014
</TABLE>

                    AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF  EXPIRATION
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT       DATE
----                                          ------------ ---------- ----------------- -------------
<S>                                           <C>          <C>        <C>               <C>
Invesco American Value Fund
   Class A Shares                             Contractual     2.00%     July 1, 2013    June 30, 2014
   Class B Shares                             Contractual     2.75%     July 1, 2013    June 30, 2014
   Class C Shares                             Contractual     2.75%     July 1, 2013    June 30, 2014
   Class R Shares                             Contractual     2.25%     July 1, 2013    June 30, 2014
   Class R5 Shares                            Contractual     1.75%     July 1, 2013    June 30, 2014
   Class R6 Shares                            Contractual     1.75%     July 1, 2013    June 30, 2014
   Class Y Shares                             Contractual     1.75%     July 1, 2013    June 30, 2014
</TABLE>

See page 15 for footnotes to Exhibit A.

                                      12

<PAGE>

                                                          as of August 28, 2013

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF    EXPIRATION
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT         DATE
----                                          ------------ ---------- ------------------ ---------------
<S>                                           <C>          <C>        <C>                <C>
Invesco Comstock Fund
   Class A Shares                             Contractual     2.00%      July 1, 2012     June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2012     June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2012     June 30, 2014
   Class R Shares                             Contractual     2.25%      July 1, 2012     June 30, 2014
   Class R5 Shares                            Contractual     1.75%      July 1, 2012     June 30, 2014
   Class R6 Shares                            Contractual     1.75%   September 24, 2012  June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2012     June 30, 2014
Invesco Energy Fund
   Class A Shares                             Contractual     2.00%      July 1, 2009     June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2009     June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2009     June 30, 2014
   Class R5 Shares                            Contractual     1.75%      July 1, 2009     June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2009     June 30, 2014
   Investor Class Shares                      Contractual     2.00%      July 1, 2009     June 30, 2014
Invesco Dividend Income Fund
   Class A Shares                             Contractual     1.10%    February 6, 2013  August 31, 2014
   Class B Shares                             Contractual     1.85%    February 6, 2013  August 31, 2014
   Class C Shares                             Contractual     1.85%    February 6, 2013  August 31, 2014
   Class R5 Shares                            Contractual     0.85%    February 6, 2013  August 31, 2014
   Class R6 Shares                            Contractual     0.85%    February 6, 2013  August 31, 2014
   Class Y Shares                             Contractual     0.85%    February 6, 2013  August 31, 2014
   Investor Class Shares                      Contractual     1.10%    February 6, 2013  August 31, 2014
Invesco Gold & Precious Metals
   Fund
   Class A Shares                             Contractual     2.00%      July 1, 2009     June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2009     June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2009     June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2009     June 30, 2014
   Investor Class Shares                      Contractual     2.00%      July 1, 2009     June 30, 2014
Invesco Leisure Fund
   Class A Shares                             Contractual     2.00%      July 1, 2009     June 30, 2014
   Class B Shares                             Contractual     2.75%      July 1, 2009     June 30, 2014
   Class C Shares                             Contractual     2.75%      July 1, 2009     June 30, 2014
   Class R Shares                             Contractual     2.25%      July 1, 2009     June 30, 2014
   Class Y Shares                             Contractual     1.75%      July 1, 2009     June 30, 2014
   Investor Class Shares                      Contractual     2.00%      July 1, 2009     June 30, 2014
Invesco Mid Cap Growth Fund
   Class A Shares                             Contractual     2.00%      July 1, 2012     June 30, 2013
   Class B Shares                             Contractual     2.75%      July 1, 2012     June 30, 2013
   Class C Shares                             Contractual     2.75%      July 1, 2012     June 30, 2013
   Class R Shares                             Contractual     2.25%      July 1, 2012     June 30, 2013
   Class R5 Shares                            Contractual     1.75%      July 1, 2012     June 30, 2013
   Class R6 Shares                            Contractual     1.75%    January 18, 2013   June 30, 2013
   Class Y Shares                             Contractual     1.75%      July 1, 2012     June 30, 2013
Invesco Mid Cap Growth Fund
   Class A Shares                             Contractual     1.15%     July 15, 2013     July 31, 2015
   Class B Shares                             Contractual     1.90%     July 15, 2013     July 31, 2015
   Class C Shares                             Contractual     1.90%     July 15, 2013     July 31, 2015
   Class R Shares                             Contractual     1.40%     July 15, 2013     July 31, 2015
   Class R5 Shares                            Contractual     0.90%     July 15, 2013     July 31, 2015
   Class R6 Shares                            Contractual     0.90%     July 15, 2013     July 31, 2015
   Class Y Shares                             Contractual     0.90%     July 15, 2013     July 31, 2015
</TABLE>

See page 15 for footnotes to Exhibit A.

                                      13

<PAGE>

                                                          as of August 28, 2013

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF  EXPIRATION
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT       DATE
----                                          ------------ ---------- ----------------- -------------
<S>                                           <C>          <C>        <C>               <C>
Invesco Small Cap Value Fund
   Class A Shares                             Contractual     2.00%     July 1, 2012    June 30, 2014
   Class B Shares                             Contractual     2.75%     July 1, 2012    June 30, 2014
   Class C Shares                             Contractual     2.75%     July 1, 2012    June 30, 2014
   Class Y Shares                             Contractual     1.75%     July 1, 2012    June 30, 2014
Invesco Technology Fund
   Class A Shares                             Contractual     2.00%     July 1, 2012    June 30, 2014
   Class B Shares                             Contractual     2.75%     July 1, 2012    June 30, 2014
   Class C Shares                             Contractual     2.75%     July 1, 2012    June 30, 2014
   Class R5 Shares                            Contractual     1.75%     July 1, 2012    June 30, 2014
   Class Y Shares                             Contractual     1.75%     July 1, 2012    June 30, 2014
   Investor Class Shares                      Contractual     2.00%     July 1, 2012    June 30, 2014
Invesco Technology Sector Fund
   Class A Shares                             Contractual     2.00%   February 12, 2010 June 30, 2014
   Class B Shares                             Contractual     2.75%   February 12, 2010 June 30, 2014
   Class C Shares                             Contractual     2.75%   February 12, 2010 June 30, 2014
   Class Y Shares                             Contractual     1.75%   February 12, 2010 June 30, 2014
Invesco Value Opportunities Fund
   Class A Shares                             Contractual     2.00%     July 1, 2012    June 30, 2014
   Class B Shares                             Contractual     2.75%     July 1, 2012    June 30, 2014
   Class C Shares                             Contractual     2.75%     July 1, 2012    June 30, 2014
   Class R Shares                             Contractual     2.25%     July 1, 2012    June 30, 2014
   Class R5 Shares                            Contractual     1.75%     July 1, 2012    June 30, 2014
   Class Y Shares                             Contractual     1.75%     July 1, 2012    June 30, 2014
</TABLE>

                AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF  EXPIRATION
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT       DATE
----                                          ------------ ---------- ----------------- -------------
<S>                                           <C>          <C>        <C>               <C>
Invesco High Yield Municipal Fund
   Class A Shares
   Class B Shares                             Contractual     1.50%     July 1, 2012    June 30, 2014
   Class C Shares                             Contractual     2.25%     July 1, 2012    June 30, 2014
   Class R5 Shares                            Contractual     2.25%     July 1, 2012    June 30, 2014
   Class Y Shares                             Contractual     1.25%     July 1, 2012    June 30, 2014
                                              Contractual     1.25%     July 1, 2012    June 30, 2014
Invesco Intermediate Term
Municipal Income Fund
   Class A Shares                             Contractual     0.80%     July 1, 2013    June 30, 2014
   Class B Shares                             Contractual     1.55%     July 1, 2013    June 30, 2014
   Class C Shares                             Contractual     1.55%     July 1, 2013    June 30, 2014
   Class Y Shares                             Contractual     0.55%     July 1, 2013    June 30, 2014
Invesco Municipal Income Fund
   Class A Shares                             Contractual     1.50%     July 1, 2013    June 30, 2014
   Class B Shares                             Contractual     2.25%     July 1, 2013    June 30, 2014
   Class C Shares                             Contractual     2.25%     July 1, 2013    June 30, 2014
   Class Y Shares                             Contractual     1.25%     July 1, 2013    June 30, 2014
   Investor Class                             Contractual     1.50%     July 15, 2013   June 30, 2014
Invesco New York Tax Free Income Fund
   Class A Shares                             Contractual     1.50%     July 1, 2012    June 30, 2014
   Class B Shares                             Contractual     2.25%     July 1, 2012    June 30, 2014
   Class C Shares                             Contractual     2.25%     July 1, 2012    June 30, 2014
   Class Y Shares                             Contractual     1.25%     July 1, 2012    June 30, 2014
</TABLE>

See page 15 for footnotes to Exhibit A.

                                      14

<PAGE>

                                                          as of August 28, 2013

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF  EXPIRATION
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT       DATE
----                                          ------------ ---------- ----------------- -------------
<S>                                           <C>          <C>        <C>               <C>
Invesco Tax-Free Intermediate Fund
   Class A Shares                             Contractual     1.50%     July 1, 2012    June 30, 2014
   Class A2 Shares                            Contractual     1.25%     July 1, 2012    June 30, 2014
   Class C Shares                             Contractual     2.25%     June 30, 2013   June 30, 2014
   Class R5 Shares                            Contractual     1.25%     July 1, 2012    June 30, 2014
   Class Y Shares                             Contractual     1.25%     July 1, 2012    June 30, 2014
</TABLE>

                           INVESCO SECURITIES TRUST

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF    EXPIRATION
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT         DATE
----                                          ------------ ---------- ----------------- -----------------
<S>                                           <C>          <C>        <C>               <C>
Invesco Balanced-Risk Aggressive
   Allocation Fund                            Contractual     1.15%   January 16, 2013  February 28, 2014
</TABLE>

/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/  The expense limit shown is the expense limit after Rule 12b-1 fee waivers
     by Invesco Distributors, Inc.
/3/  Includes waived fees or reimbursed expenses that Invesco receives from
     Invesco Cayman Commodity Fund I, Ltd.
/4/  Includes waived fees or reimbursed expenses that Invesco receives from
     Invesco Cayman Commodity Fund III, Ltd.
/5/  Includes waived fees or reimbursed expenses that Invesco receives from
     Invesco Cayman Commodity Fund V, Ltd.

                                      15

<PAGE>

                                                          as of August 28, 2013


              EXHIBIT "B" - INSTITUTIONAL MONEY MARKET FUNDS/1,2/

                         SHORT-TERM INVESTMENTS TRUST

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE    EFFECTIVE DATE OF     EXPIRATION
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT           DATE
----                                          ------------ ----------  -----------------  ------------------
<S>                                           <C>          <C>         <C>                <C>
Government & Agency Portfolio
   Cash Management Class                      Contractual     0.22%/2/   July 1, 2009     December 31, 2013
   Corporate Class                            Contractual     0.17%      July 1, 2009     December 31, 2013
   Institutional Class                        Contractual     0.14%      July 1, 2009     December 31, 2013
   Personal Investment Class                  Contractual     0.69%/2/   July 1, 2009     December 31, 2013
   Private Investment Class                   Contractual     0.44%/2/   July 1, 2009     December 31, 2013
   Reserve Class                              Contractual     1.01%/2/   July 1, 2009     December 31, 2013
   Resource Class                             Contractual     0.30%/2/   July 1, 2009     December 31, 2013
Government TaxAdvantage Portfolio
   Cash Management Class                      Contractual     0.22%/2/   July 1, 2009     December 31, 2013
   Corporate Class                            Contractual     0.17%      July 1, 2009     December 31, 2013
   Institutional Class                        Contractual     0.14%      July 1, 2009     December 31, 2013
   Personal Investment Class                  Contractual     0.69%/2/   July 1, 2009     December 31, 2013
   Private Investment Class                   Contractual     0.39%/2/   July 1, 2009     December 31, 2013
   Reserve Class                              Contractual     1.01%/2/   July 1, 2009     December 31, 2013
   Resource Class                             Contractual     0.30%/2/   July 1, 2009     December 31, 2013
Liquid Assets Portfolio
   Cash Management Class                      Contractual     0.22%/2/   July 1, 2009     December 31, 2013
   Corporate Class                            Contractual     0.17%      July 1, 2009     December 31, 2013
   Institutional Class                        Contractual     0.14%      July 1, 2009     December 31, 2013
   Personal Investment Class                  Contractual     0.69%/2/   July 1, 2009     December 31, 2013
   Private Investment Class                   Contractual     0.44%/2/   July 1, 2009     December 31, 2013
   Reserve Class                              Contractual     1.01%/2/   July 1, 2009     December 31, 2013
   Resource Class                             Contractual     0.34%      July 1, 2009     December 31, 2013
STIC Prime Portfolio
   Cash Management Class                      Contractual     0.22%/2/   July 1, 2009     December 31, 2013
   Corporate Class                            Contractual     0.17%      July 1, 2009     December 31, 2013
   Institutional Class                        Contractual     0.14%      July 1, 2009     December 31, 2013
   Personal Investment Class                  Contractual     0.69%/2/   July 1, 2009     December 31, 2013
   Private Investment Class                   Contractual     0.44%/2/   July 1, 2009     December 31, 2013
   Reserve Class                              Contractual     1.01%/2/   July 1, 2009     December 31, 2013
   Resource Class                             Contractual     0.30%/2/   July 1, 2009     December 31, 2013
Tax-Free Cash Reserve Portfolio/3/
   Cash Management Class                      Contractual     0.33%/2/   July 1, 2009     December 31, 2013
   Corporate Class                            Contractual     0.28%      July 1, 2009     December 31, 2013
   Institutional Class                        Contractual     0.25%      July 1, 2009     December 31, 2013
   Personal Investment Class                  Contractual     0.80%/2/   July 1, 2009     December 31, 2013
   Private Investment Class                   Contractual     0.50%/2/   July 1, 2009     December 31, 2013
   Reserve Class                              Contractual     1.12%/2/   July 1, 2009     December 31, 2013
   Resource Class                             Contractual     0.41%/2/   July 1, 2009     December 31, 2013
Treasury Portfolio
   Cash Management Class                      Contractual     0.22%/2/   July 1, 2009     December 31, 2013
   Corporate Class                            Contractual     0.17%      July 1, 2009     December 31, 2013
   Institutional Class                        Contractual     0.14%      July 1, 2009     December 31, 2013
   Personal Investment Class                  Contractual     0.69%/2/   July 1, 2009     December 31, 2013
   Private Investment Class                   Contractual     0.44%/2/   July 1, 2009     December 31, 2013
   Reserve Class                              Contractual     1.01%/2/   July 1, 2009     December 31, 2013
   Resource Class                             Contractual     0.30%/2/   July 1, 2009     December 31, 2013
</TABLE>

/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.

                                      16

<PAGE>

                                                          as of August 28, 2013


                    EXHIBIT "C" - VARIABLE INSURANCE FUNDS

        AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF    EXPIRATION
FUND                                           VOLUNTARY   LIMITATION  CURRENT LIMIT         DATE
----                                          ------------ ---------- -----------------  ---------------
<S>                                           <C>          <C>        <C>                <C>
Invesco V.I. American Franchise Fund
   Series I Shares                            Contractual     0.90%     July 1, 2012     June 30, 2014
   Series II Shares                           Contractual     1.15%     July 1, 2012     June 30, 2014
Invesco V.I. American Value Fund
   Series I Shares                            Contractual     2.00%     July 1, 2012     June 30, 2014
   Series II Shares                           Contractual     2.25%     July 1, 2012     June 30, 2014
Invesco V.I. Balanced-Risk Allocation Fund/1/
   Series I Shares                            Contractual     0.78%     July 1, 2013     April 30, 2014
   Series II Shares                           Contractual     1.03%     July 1, 2013     April 30, 2014
Invesco V.I. Comstock Fund
   Series I Shares                            Contractual     0.78%     May 1, 2013      April 30, 2014
   Series II Shares                           Contractual     1.03%     May 1, 2013      April 30, 2014
Invesco V.I. Core Equity Fund
   Series I Shares                            Contractual     2.00%     May 1, 2013      June 30, 2014
   Series II Shares                           Contractual     2.25%     May 1, 2013      June 30, 2014
Invesco V.I. Diversified Dividend Fund
   Series I Shares                            Contractual     2.00%     May 1, 2013      June 30, 2014
   Series II Shares                           Contractual     2.25%     May 1, 2013      June 30, 2014
Invesco V.I. Diversified Income Fund
   Series I Shares                            Contractual     0.75%     July 1, 2005     April 30, 2014
   Series II Shares                           Contractual     1.00%     July 1, 2005     April 30, 2014
Invesco V.I. Equally-Weighted S&P 500 Fund
   Series I Shares                            Contractual     2.00%     July 1, 2012     June 30, 2014
   Series II Shares                           Contractual     2.25%     July 1, 2012     June 30, 2014
Invesco V.I. Equity and Income Fund
   Series I Shares                            Contractual     1.50%     July 1, 2012     June 30, 2014
   Series II Shares                           Contractual     1.75%     July 1, 2012     June 30, 2014
Invesco V.I. Global Core Equity Fund
   Series I Shares                            Contractual     2.25%     July 1, 2012     June 30, 2014
   Series II Shares                           Contractual     2.50%     July 1, 2012     June 30, 2014
</TABLE>

                                      17

<PAGE>

                                                          as of August 28, 2013

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF    EXPIRATION
FUND                                           VOLUNTARY   LIMITATION  CURRENT LIMIT         DATE
----                                          ------------ ---------- -----------------  ---------------
<S>                                           <C>          <C>        <C>                <C>
Invesco V.I. Global Health Care Fund
   Series I Shares                            Contractual     2.00%     May 1, 2013      June 30, 2014
   Series II Shares                           Contractual     2.25%     May 1, 2013      June 30, 2014
Invesco V.I. Global Real Estate Fund
   Series I Shares                            Contractual     2.00%     May 1, 2013      June 30, 2014
   Series II Shares                           Contractual     2.25%     May 1, 2013      June 30, 2014
Invesco V.I. Government Securities Fund
   Series I Shares                            Contractual     1.50%     May 1, 2013      June 30, 2014
   Series II Shares                           Contractual     1.75%     May 1, 2013      June 30, 2014
Invesco V.I. Growth and Income Fund
   Series I Shares                            Contractual     0.78%     May 1, 2013      April 30, 2014
   Series II Shares                           Contractual     1.03%     May 1, 2013      April 30, 2014
Invesco V.I. High Yield Fund
   Series I Shares                            Contractual     0.80%     May 2, 2011      April 30, 2014
   Series II Shares                           Contractual     1.05%     May 2, 2011      April 30, 2014
Invesco V.I. International Growth Fund
   Series I Shares                            Contractual     2.25%     July 1, 2012     June 30, 2014
   Series II Shares                           Contractual     2.50%     July 1, 2012     June 30, 2014
Invesco V.I. Mid Cap Core Equity Fund
   Series I Shares                            Contractual     2.00%     May 1, 2013      June 30, 2014
   Series II Shares                           Contractual     2.25%     May 1, 2013      June 30, 2014
Invesco V.I. Mid Cap Growth Fund
   Series I Shares                            Contractual     1.09%     July 1, 2012     June 30, 2014
   Series II Shares                           Contractual     1.34%     July 1, 2012     June 30, 2014
Invesco V.I. Money Market Fund
   Series I Shares                            Contractual     1.50%     May 1, 2013      June 30, 2014
   Series II Shares                           Contractual     1.75%     May 1, 2013      June 30, 2014
Invesco V.I. S&P 500 Index Fund
   Series I Shares                            Contractual     2.00%     July 1, 2012     June 30, 2014
   Series II Shares                           Contractual     2.25%     July 1, 2012     June 30, 2014
Invesco V.I. Small Cap Equity Fund
   Series I Shares                            Contractual     2.00%     May 1, 2013      June 30, 2014
   Series II Shares                           Contractual     2.25%     May 1, 2013      June 30, 2014
</TABLE>

                                      18

<PAGE>

                                                          as of August 28, 2013

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF   EXPIRATION
FUND                                           VOLUNTARY   LIMITATION  CURRENT LIMIT         DATE
----                                          ------------ ---------- -----------------  --------------
<S>                                           <C>          <C>        <C>                <C>
Invesco V.I. Technology Fund
   Series I Shares                            Contractual     2.00%     May 1, 2013      June 30, 2014
   Series II Shares                           Contractual     2.25%     May 1, 2013      June 30, 2014
Invesco V.I. Utilities Fund
   Series I Shares                            Contractual     2.00%     May 1, 2012      June 30, 2014
   Series II Shares                           Contractual     2.25%     May 1, 2012      June 30, 2014
Invesco V.I. Value Opportunities Fund
   Series I Shares                            Contractual     2.00%     May 1, 2013      June 30, 2014
   Series II Shares                           Contractual     2.25%     May 1, 2013      June 30, 2014
</TABLE>

                                      19

<PAGE>

                                                          as of August 28, 2013


                        EXHIBIT "D" - CLOSED-END FUNDS

                 INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF   EXPIRATION
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT        DATE
----                                          ------------ ---------- ----------------- ---------------
<S>                                           <C>          <C>        <C>               <C>
Invesco Municipal Income Opportunities Trust  Contractual     0.67%    August 27, 2012  August 31, 2014
</TABLE>

                    INVESCO QUALITY MUNICIPAL INCOME TRUST

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF    EXPIRATION
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT         DATE
----                                          ------------ ---------- ----------------- ----------------
<S>                                           <C>          <C>        <C>               <C>
Invesco Quality Municipal Income Trust        Contractual     0.50%   October 15, 2012  October 31, 2014
</TABLE>

                     INVESCO VALUE MUNICIPAL INCOME TRUST

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF    EXPIRATION
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT         DATE
----                                          ------------ ---------- ----------------- ----------------
<S>                                           <C>          <C>        <C>               <C>
Invesco Value Municipal Income Trust          Contractual     0.46%   October 15, 2012  October 31, 2014
</TABLE>

                                      20
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
