<SEC-DOCUMENT>0001193125-14-166187.txt : 20140429
<SEC-HEADER>0001193125-14-166187.hdr.sgml : 20140429
<ACCEPTANCE-DATETIME>20140429125453
ACCESSION NUMBER:		0001193125-14-166187
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20140228
FILED AS OF DATE:		20140429
DATE AS OF CHANGE:		20140429
EFFECTIVENESS DATE:		20140429

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Invesco Quality Municipal Income Trust
		CENTRAL INDEX KEY:			0000885125
		IRS NUMBER:				136993836
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06591
		FILM NUMBER:		14792688

	BUSINESS ADDRESS:	
		STREET 1:		1555 PEACHTREE STREET, N.E.
		STREET 2:		SUITE 1800
		CITY:			ATLANTA
		STATE:			2Q
		ZIP:			30309
		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:	MORGAN STANLEY QUALITY MUNICIPAL INCOME TRUST
		DATE OF NAME CHANGE:	20011220

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MORGAN STANLEY DEAN WITTER QUALITY MUNICIPAL INCOME TRUST
		DATE OF NAME CHANGE:	19981221

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERCAPITAL QUALITY MUNICIPAL INCOME TRUST
		DATE OF NAME CHANGE:	19920929
</SEC-HEADER>
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<DESCRIPTION>NSAR-B
<TEXT>
      PAGE  1
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001 A000000 INVESCO QUALITY MUNICIPAL INCOME TRUST
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008 A000002 Invesco Asset Management Deutschland GmbH
008 B000002 S
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      PAGE  2
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008 B000007 S
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      PAGE  3
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022 B000005 13-5033225
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      PAGE  4
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      PAGE  5
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      PAGE  6
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      PAGE  7
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      PAGE  9
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SIGNATURE   KELLI GALLEGOS
TITLE       ASSISANT VP & ASSISTANT TREASURER

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77B
<SEQUENCE>2
<FILENAME>d707690dex9977b.txt
<DESCRIPTION>EX-99.77B
<TEXT>
<PAGE>

            REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Trustees and Shareholders of Invesco Quality Municipal Income
Trust:

In planning and performing our audits of the financial statements of Invesco
Quality Municipal Income Trust (hereafter referred to as the "Trust") as of and
for the year ended February 28, 2014, in accordance with the standards of the
Public Company Accounting Oversight Board (United States), we considered the
Trust's internal control over financial reporting, including controls over
safeguarding securities, as a basis for designing our auditing procedures for
the purpose of expressing our opinion on the financial statements and to comply
with the requirements of Form N-SAR, but not for the purpose of expressing an
opinion on the effectiveness of the Trust's internal control over financial
reporting. Accordingly, we do not express an opinion on the effectiveness of
the Trust's internal control over financial reporting.

The management of the Trust is responsible for establishing and maintaining
effective internal control over financial reporting. In fulfilling this
responsibility, estimates and judgments by management are required to assess
the expected benefits and related costs of controls. A trust's internal control
over financial reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally
accepted accounting principles. A trust's internal control over financial
reporting includes those policies and procedures that (1) pertain to the
maintenance of records that, in reasonable detail, accurately and fairly
reflect the transactions and dispositions of the assets of the trust;
(2) provide reasonable assurance that transactions are recorded as necessary to
permit preparation of financial statements in accordance with generally
accepted accounting principles, and that receipts and expenditures of the trust
are being made only in accordance with authorizations of management and
trustees of the trust; and (3) provide reasonable assurance regarding
prevention or timely detection of unauthorized acquisition, use or disposition
of a trust's assets that could have a material effect on the financial
statements.

Because of its inherent limitations, internal control over financial reporting
may not prevent or detect misstatements. Also, projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may
become inadequate because of changes in conditions, or that the degree of
compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the
design or operation of a control does not allow management or employees, in the
normal course of performing their assigned functions, to prevent or detect
misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control over financial reporting, such
that there is a reasonable possibility that a material misstatement of the
Trust's annual or interim financial statements will not be prevented or
detected on a timely basis.

Our consideration of the Trust's internal control over financial reporting was
for the limited purpose described in the first paragraph and would not
necessarily disclose all deficiencies in internal control over financial
reporting that might be material weaknesses under standards established by the
Public Company Accounting Oversight Board (United States). However, we noted no
deficiencies in the Trust's internal control over financial reporting and its
operation, including controls over safeguarding securities that we consider to
be material weaknesses as defined above as of February 28, 2014.

This report is intended solely for the information and use of management and
the Board of Trustees of the Trust and the Securities and Exchange Commission
and is not intended to be and should not be used by anyone other than these
specified parties.


/s/ PricewaterhouseCoopers LLP
Houston, TX
April 28, 2014
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77E
<SEQUENCE>3
<FILENAME>d707690dex9977e.txt
<DESCRIPTION>EX-99.77E
<TEXT>
<PAGE>

                                                                   Sub-Item 77E

                               LEGAL PROCEEDINGS

                    INVESCO QUALITY MUNICIPAL INCOME TRUST

   The Trust received two shareholder demand letters dated July 16, 2010 and
March 25, 2011. Furthermore, the Invesco Quality Municipal Investment Trust
("Trust"), which merged into the Invesco Quality Municipal Income Trust,
received a shareholder demand letter dated September 1, 2010. The shareholders
in all three demand letters claimed that, prior to the tenure of the current
adviser, the adviser and certain individuals breached their fiduciary duties
and wasted Trust assets by causing the Trust to redeem Auction Rate Preferred
Securities ("ARPS") at their liquidation value at the expense of the Trust and
common shareholders, the Trust was not obliged to provide liquidity to the
preferred shareholders, the redemptions were improperly motivated to benefit
the Adviser and its affiliates, and the market value and fair value of the ARPS
were less than liquidation value at the time they were redeemed. The
shareholders demanded that: 1) the Board takes action against the Adviser and
individuals to recover damages; 2) the Board refrains from authorizing further
redemptions or repurchases of ARPS by the Trust at prices in excess of fair
value or market value at the time of the transaction; and 3) the Board
institute corporate governance measures. The Board formed a Special Litigation
Committee ("SLC") to investigate these demands and make a recommendation to the
Board regarding whether pursuit of the demands and attendant claims is in the
best interests of the Trust. Upon completion of its investigation, the SLC
recommended that the Board reject the demands specified in the shareholder
demand letters. The Board publicly announced on July 12, 2011, that the
Independent Trustees had voted to adopt the SLC's recommendation and reject the
demands. The Trust is not the subject of a lawsuit in connection with these
demand letters.

   Management of Invesco and the Trust believe that the outcome of the demand
letters described above will have no 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
<SEQUENCE>4
<FILENAME>d707690dex9977q1e.txt
<DESCRIPTION>EX-99.77Q1E
<TEXT>
<PAGE>

                                                               SUB-ITEM 77Q1(e)

                            MEMORANDUM OF AGREEMENT
                            (ADVISORY FEE WAIVERS)

   This Memorandum of Agreement is entered into as of the effective date on the
attached Exhibit A and B (each an "Exhibit" or, collectively 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 Treasurer's Series Trust (Invesco Treasurer's Series Trust), AIM
Variable Insurance Funds (Invesco Variable Insurance Funds), Invesco Municipal
Income Opportunities Trust, Invesco Securities Trust, Invesco, Invesco Quality
Municipal Income Trust and Invesco Value Municipal Income 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 of the Funds, on
behalf of their respective classes as applicable, severally and not jointly, as
indicated in the 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, Invesco agrees that until at least the expiration date
set forth on Exhibit A (the "Expiration Date") and with respect to those Funds
listed on the Exhibit, Invesco will waive its advisory fees at the rate set
forth on the Exhibit.

   For and in consideration of the mutual terms and agreements set forth herein
and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the Trusts and Invesco agree as follows:

    1. Invesco agrees that until the expiration date, if any, of the commitment
       set forth on the attached Exhibit B occurs, as such Exhibit B is amended
       from time to time, Invesco will waive advisory fees payable by an
       Investing Fund (defined below) in an amount equal to 100% of the net
       advisory fee Invesco receives on the Uninvested Cash (defined below)
       from the Affiliated Money Market Fund (defined below) in which the
       Investing Fund invests (the "Waiver").

        i.   Invesco's Fund Accounting Group will calculate, and apply, the
             Waiver monthly, based upon the average investment of Uninvested
             Cash made by the Investing Fund during the previous month in an
             Affiliated Money Market Fund.

        ii.  The Waiver will not apply to those Investing Funds that do not
             charge an advisory fee, either due to the terms of their advisory
             agreement, or as a result of contractual or voluntary fee waivers.

        iii. The Waiver will not apply to cash collateral for securities
             lending.

       For purposes of the paragraph above, the following terms shall have the
       following meanings:

         (a) "Affiliated Money Market Fund"--any existing or future Trust that
             holds itself out as a money market fund and complies with Rule
             2a-7 under the Investment Company Act of 1940, as amended;

         (b) "Investing Fund" - any Fund investing Cash Balances and/or Cash
             Collateral in an Affiliated Money Market Fund; and

         (c) "Uninvested Cash"--cash available and uninvested by a Trust that
             may result from a variety of sources, including dividends or
             interest received on portfolio securities, unsettled securities
             transactions, strategic reserves, matured investments, proceeds
             from liquidation of investment securities, dividend payments, or
             new investor capital.

    2. Neither a Trust nor Invesco may remove or amend the Waiver to a Trust's
       detriment prior to the Expiration Date without requesting and receiving
       the approval of the Board of

<PAGE>

       Trustee of the applicable Fund's Trust to remove or amend such Waiver.
       Invesco will not have any right to reimbursement of any amount so waived.

   The Boards of Trustees 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.

   Subject to the foregoing paragraphs, Invesco agrees to review the
then-current waivers for each class of the Funds listed on the Exhibits on a
date prior to the Expiration Date to determine whether such waivers should be
amended, continued or terminated. The waivers will expire upon the Expiration
Date unless Invesco has agreed to continue them. The Exhibits will be amended
to reflect any such agreement.

   It is expressly agreed that the obligations of the Trusts hereunder shall
not be binding upon any of the Trustees, shareholders, nominees, officers,
agents or employees of the Trusts personally, but shall only bind the assets
and property of the Funds, as provided in each Trust's Agreement and
Declaration of Trust. The execution and delivery of this Memorandum of
Agreement have been authorized by the Trustees of each Trust, and this
Memorandum of Agreement has been executed and delivered by an authorized
officer of each Trust acting as such; neither such authorization by such
Trustees nor such execution and delivery by such officer shall be deemed to
have been made by any of them individually or to impose any liability on any of
them personally, but shall bind only the assets and property of the Funds, as
provided in each Trust's Agreement and Declaration of Trust.

   IN WITNESS WHEREOF, each of the Trusts, on behalf of itself and its Funds
listed in Exhibit A and B to this Memorandum of Agreement, and Invesco have
entered into this Memorandum of Agreement as of the Effective Date 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 TREASURER'S SERIES TRUST (INVESCO TREASURER'S SERIES TRUST)
       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
       on behalf of the Funds listed in the Exhibit 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

<PAGE>

                         EXHIBIT A TO ADVISORY FEE MOA

<TABLE>
<CAPTION>
    AIM INVESTMENT
    FUNDS (INVESCO                                                                                   EXPIRATION
   INVESTMENT FUNDS                          WAIVER DESCRIPTION                       EFFECTIVE DATE    DATE
    ----------------     -----------------------------------------------------------  -------------- ----------
<S>                      <C>                                                          <C>            <C>
Invesco Global Targeted  Invesco will waive advisory fees in an amount equal to the     12/17/2013   12/31/2015
Returns Fund              advisory fees earned on underlying affiliated investments
</TABLE>

<TABLE>
<CAPTION>
    AIM TREASURER'S
     SERIES TRUST
 (INVESCO TREASURER'S                                                                                EXPIRATION
     SERIES TRUST)                           WAIVER DESCRIPTION                       EFFECTIVE DATE    DATE
  --------------------   -----------------------------------------------------------  -------------- ----------
<S>                      <C>                                                          <C>            <C>
Premier Portfolio        Invesco will waive advisory fees in the amount of 0.07% of      2/1/2011    12/31/2014
                                     the Fund's average daily net assets

Premier U.S. Government  Invesco will waive advisory fees in the amount of 0.07% of      2/1/2011    12/31/2014
Money Portfolio                      the Fund's average daily net assets
</TABLE>

<PAGE>

                                  EXHIBIT "B"

          AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
          -----------------------------------------------------------

<TABLE>
<CAPTION>
PORTFOLIO                                        EFFECTIVE DATE         COMMITTED UNTIL
---------                                     ---------------------  ---------------------
<S>                                           <C>                    <C>
Invesco American Franchise Fund                 February 12, 2010      December 31, 2014
Invesco California Tax-Free Income Fund         February 12, 2010      December 31, 2014
Invesco Core Plus Bond Fund                       June 2, 2009         December 31, 2014
Invesco Equally-Weighted S&P 500 Fund           February 12, 2010      December 31, 2014
Invesco Equity and Income Fund                  February 12, 2010      December 31, 2014
Invesco Floating Rate Fund                        July 1, 2007         December 31, 2014
Invesco Global Real Estate Income Fund            July 1, 2007         December 31, 2014
Invesco Growth and Income Fund                  February 12, 2010      December 31, 2014
Invesco Low Volatility Equity Yield Fund          July 1, 2007         December 31, 2014
Invesco Pennsylvania Tax Free Income Fund       February 12, 2010      December 31, 2014
Invesco S&P 500 Index Fund                      February 12, 2010      December 31, 2014
Invesco Small Cap Discovery Fund                February 12, 2010      December 31, 2014
</TABLE>

                    AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
                    ---------------------------------------

<TABLE>
<CAPTION>
PORTFOLIO                                        EFFECTIVE DATE         COMMITTED UNTIL
---------                                     ---------------------  ---------------------
<S>                                           <C>                    <C>
Invesco Charter Fund                              July 1, 2007         February 28, 2015
Invesco Disciplined Equity Fund                   July 14, 2009        February 28, 2015
Invesco Diversified Dividend Fund                 July 1, 2007         February 28, 2015
Invesco Summit Fund                               July 1, 2007         February 28, 2015
</TABLE>

                     AIM FUNDS GROUP (INVESCO FUNDS GROUP)
                     -------------------------------------

<TABLE>
<CAPTION>
FUND                                             EFFECTIVE DATE         COMMITTED UNTIL
----                                          ---------------------  ---------------------
<S>                                           <C>                    <C>
Invesco European Small Company Fund               July 1, 2007          April 30, 2015
Invesco Global Core Equity Fund                   July 1, 2007          April 30, 2015
Invesco International Small Company Fund          July 1, 2007          April 30, 2015
Invesco Small Cap Equity Fund                     July 1, 2007          April 30, 2015
</TABLE>

                   AIM GROWTH SERIES (INVESCO GROWTH SERIES)
                   -----------------------------------------

<TABLE>
<CAPTION>
FUND                                             EFFECTIVE DATE         COMMITTED UNTIL
----                                          ---------------------  ---------------------
<S>                                           <C>                    <C>
Invesco Convertible Securities Fund             February 12, 2010       April 30, 2015
Invesco Global Low Volatility Equity Yield
  Fund                                            July 1, 2007          April 30, 2015
Invesco Mid Cap Core Equity Fund                  July 1, 2007          April 30, 2015
Invesco Small Cap Growth Fund                     July 1, 2007          April 30, 2015
Invesco U.S. Mortgage Fund                      February 12, 2010       April 30, 2015
</TABLE>

      AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)
      -------------------------------------------------------------------

<TABLE>
<CAPTION>
FUND                                             EFFECTIVE DATE         COMMITTED UNTIL
----                                          ---------------------  ---------------------
<S>                                           <C>                    <C>
Invesco Asia Pacific Growth Fund                  July 1, 2007         February 28, 2015
Invesco European Growth Fund                      July 1, 2007         February 28, 2015
Invesco Global Growth Fund                        July 1, 2007         February 28, 2015
Invesco Global Opportunities Fund                August 3, 2012        February 28, 2015
Invesco Global Small & Mid Cap Growth Fund        July 1, 2007         February 28, 2015
Invesco International Core Equity Fund            July 1, 2007         February 28, 2015
Invesco International Growth Fund                 July 1, 2007         February 28, 2015
Invesco Select Opportunities Fund                August 3, 2012        February 28, 2015
</TABLE>

<PAGE>

                AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
                -----------------------------------------------

<TABLE>
<CAPTION>
FUND                                             EFFECTIVE DATE         COMMITTED UNTIL
----                                          ---------------------  ---------------------
<S>                                           <C>                    <C>
Invesco All Cap Market Neutral Fund             December 17, 2013      December 31, 2015
Invesco Balanced-Risk Allocation Fund*            May 29, 2009         February 28, 2015
Invesco Balanced-Risk Commodity Strategy
  Fund**                                        November 29, 2010      February 28, 2015
Invesco China Fund                                July 1, 2007         February 28, 2015
Invesco Developing Markets Fund                   July 1, 2007         February 28, 2015
Invesco Emerging Markets Equity Fund              May 11, 2011         February 28, 2015
Invesco Emerging Market Local Currency Debt
  Fund                                            June 14, 2010        February 28, 2015
Invesco Endeavor Fund                             July 1, 2007         February 28, 2015
Invesco Global Health Care Fund                   July 1, 2007         February 28, 2015
Invesco Global Market Neutral Fund              December 17, 2013      December 31, 2015
Invesco Global Markets Strategy Fund           September 25, 2012      February 28, 2015
Invesco Global Targeted Returns Fund            December 17, 2013      December 31, 2015
Invesco International Total Return Fund           July 1, 2007         February 28, 2015
Invesco Long/Short Equity Fund                  December 17, 2013      December 31, 2015
Invesco Low Volatility Emerging Markets Fund    December 17, 2013      December 31, 2015
Invesco Macro International Equity Fund         December 17, 2013      December 31, 2015
Invesco Macro Long/Short Fund                   December 17, 2013      December 31, 2015
Invesco Pacific Growth Fund                     February 12, 2010      February 28, 2015
Invesco Premium Income Fund                     December 13, 2011      February 28, 2015
Invesco Select Companies Fund                     July 1, 2007         February 28, 2015
</TABLE>

     AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
     ---------------------------------------------------------------------

<TABLE>
<CAPTION>
FUND                                             EFFECTIVE DATE         COMMITTED UNTIL
----                                          ---------------------  ---------------------
<S>                                           <C>                    <C>
Invesco Corporate Bond Fund                     February 12, 2010        June 30, 2014
Invesco Dynamics Fund                             July 1, 2007           June 30, 2014
Invesco Global Real Estate Fund                   July 1, 2007           June 30, 2014
Invesco High Yield Fund                           July 1, 2007           June 30, 2014
Invesco Limited Maturity Treasury Fund            July 1, 2007           June 30, 2014
Invesco Money Market Fund                         July 1, 2007           June 30, 2014
Invesco Municipal Bond Fund                       July 1, 2007           June 30, 2014
Invesco Real Estate Fund                          July 1, 2007           June 30, 2014
Invesco Short Term Bond Fund                      July 1, 2007           June 30, 2014
Invesco U.S. Government Fund                      July 1, 2007           June 30, 2014
</TABLE>
--------
*  Advisory fees to be waived by Invesco for Invesco Balanced-Risk Allocation
   Fund also include advisory fees that Invesco receives on the Uninvested Cash
   from the Affiliated Money Market Fund in which Invesco Cayman Commodity Fund
   I, Ltd. invests.
** Advisory fees to be waived by Invesco for Invesco Balanced-Risk Commodity
   Strategy Fund also include advisory fees that Invesco receives on the
   Uninvested Cash from the Affiliated Money Market Fund in which Invesco
   Cayman Commodity Fund III, Ltd. invests.

<PAGE>

                                                               SUB-ITEM 77Q1(e)

                    AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
                    ---------------------------------------

<TABLE>
<CAPTION>
FUND                                             EFFECTIVE DATE         COMMITTED UNTIL
----                                          ---------------------  ---------------------
<S>                                           <C>                    <C>
Invesco American Value Fund                     February 12, 2010        June 30, 2014
Invesco Comstock Fund                           February 12, 2010        June 30, 2014
Invesco Energy Fund                               July 1, 2007           June 30, 2014
Invesco Dividend Income Fund                      July 1, 2007           June 30, 2014
Invesco Gold & Precious Metals Fund               July 1, 2007           June 30, 2014
Invesco Mid Cap Growth Fund                     February 12, 2010        June 30, 2014
Invesco Small Cap Value Fund                    February 12, 2010        June 30, 2014
Invesco Technology Fund                           July 1, 2007           June 30, 2014
Invesco Technology Sector Fund                  February 12, 2010        June 30, 2014
Invesco Value Opportunities Fund                February 12, 2010        June 30, 2014
</TABLE>

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

<TABLE>
<CAPTION>
FUND                                             EFFECTIVE DATE         COMMITTED UNTIL
----                                          ---------------------  ---------------------
<S>                                           <C>                    <C>
Invesco High Yield Municipal Fund               February 12, 2010        June 30, 2014
Invesco Intermediate Term Municipal Income
  Fund                                          February 12, 2010        June 30, 2014
Invesco Municipal Income Fund                   February 12, 2010        June 30, 2014
Invesco New York Tax Free Income Fund           February 12, 2010        June 30, 2014
Invesco Tax-Exempt Cash Fund                      July 1, 2007           June 30, 2014
Invesco Tax-Free Intermediate Fund                July 1, 2007           June 30, 2014
</TABLE>

        AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
        ---------------------------------------------------------------

<TABLE>
<CAPTION>
FUND                                             EFFECTIVE DATE         COMMITTED UNTIL
----                                          ---------------------  ---------------------
<S>                                           <C>                    <C>
Invesco V.I. American Franchise Fund            February 12, 2010       April 30, 2015
Invesco V.I. American Value Fund                February 12, 2010       April 30, 2015
Invesco V.I. Balanced-Risk Allocation Fund***   December 22, 2010       April 30, 2015
Invesco V.I. Comstock Fund                      February 12, 2010       April 30, 2015
Invesco V.I. Core Equity Fund                     July 1, 2007          April 30, 2015
Invesco V.I. Diversified Dividend Fund          February 12, 2010       April 30, 2015
Invesco V.I. Diversified Income Fund              July 1, 2007          April 30, 2015
Invesco V.I. Equally-Weighted S&P 500 Fund      February 12, 2010       April 30, 2015
Invesco V.I. Equity and Income Fund             February 12, 2010       April 30, 2015
Invesco V.I. Global Core Equity Fund            February 12, 2010       April 30, 2015
Invesco V.I. Global Health Care Fund              July 1, 2007          April 30, 2015
Invesco V.I. Global Real Estate Fund              July 1, 2007          April 30, 2015
Invesco V.I. Government Securities Fund           July 1, 2007          April 30, 2015
Invesco V.I. Growth and Income Fund             February 12, 2010       April 30, 2015
Invesco V.I. High Yield Fund                      July 1, 2007          April 30, 2015
Invesco V.I. International Growth Fund            July 1, 2007          April 30, 2015
Invesco V.I. Mid Cap Core Equity Fund             July 1, 2007          April 30, 2015
Invesco V.I. Money Market Fund                    July 1, 2007          April 30, 2015
Invesco V.I. S&P 500 Index Fund                 February 12, 2010       April 30, 2015
Invesco V.I. Small Cap Equity Fund                July 1, 2007          April 30, 2015
Invesco V.I. Technology Fund                      July 1, 2007          April 30, 2015
Invesco V.I. Utilities Fund                       July 1, 2007          April 30, 2015
Invesco V.I. Value Opportunities Fund             July 1, 2007          April 30, 2015
</TABLE>
--------
*** Advisory fees to be waived by Invesco for Invesco V.I. Balanced-Risk
    Allocation Fund also include an amount equal to advisory fees that Invesco
    receives from any money market fund or similarly pooled cash equivalent
    investment vehicle advised by Invesco and/or Invesco's affiliates in which
    Invesco Cayman Commodity Fund IV, Ltd. invests.

<PAGE>

                           INVESCO SECURITIES TRUST
                           ------------------------

<TABLE>
<CAPTION>
FUND                                             EFFECTIVE DATE         COMMITTED UNTIL
----                                          ---------------------  ---------------------
<S>                                           <C>                    <C>
Invesco Balanced-Risk Aggressive Allocation
  Fund                                          January 16, 2013       February 28, 2015
</TABLE>

                               CLOSED-END FUNDS
                               ----------------

<TABLE>
<CAPTION>
FUND                                             EFFECTIVE DATE         COMMITTED UNTIL
----                                          ---------------------  ---------------------
<S>                                           <C>                    <C>
Invesco Municipal Income Opportunities Trust      June 1, 2010           June 30, 2014
Invesco Quality Municipal Income Trust            June 1, 2010           June 30, 2014
Invesco Value Municipal Income Trust              June 1, 2010           June 30, 2014
</TABLE>

<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 Invesco has 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.
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 December 17, 2013

                         EXHIBIT "A" - RETAIL FUNDS/1/
                         -----------------------------

          AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)

<TABLE>
<CAPTION>
                                         CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF     EXPIRATION
FUND                                      VOLUNTARY   LIMITATION   CURRENT LIMIT          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 Core Plus Bond Fund
   Class A Shares                        Contractual     0.84%    January 1, 2014   December 31, 2014
   Class B Shares                        Contractual     1.59%    January 1, 2014   December 31, 2014
   Class C Shares                        Contractual     1.59%    January 1, 2014   December 31, 2014
   Class R Shares                        Contractual     1.09%    January 1, 2014   December 31, 2014
   Class R5 Shares                       Contractual     0.59%    January 1, 2014   December 31, 2014
   Class R6 Shares                       Contractual     0.59%    January 1, 2014   December 31, 2014
   Class Y Shares                        Contractual     0.59%    January 1, 2014   December 31, 2014
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
</TABLE>

See page 15 for footnotes to Exhibit A.

                                       3

<PAGE>

                                                        as of December 17, 2013

<TABLE>
<CAPTION>
                                           CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF   EXPIRATION
FUND                                        VOLUNTARY   LIMITATION   CURRENT LIMIT        DATE
----                                       ------------ ---------- ------------------ -------------
<S>                                        <C>          <C>        <C>                <C>
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
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 Low Volatility Equity Yield 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
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
</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
</TABLE>

See page 15 for footnotes to Exhibit A.

                                       4

<PAGE>

                                                        as of December 17, 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 December 17, 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 Alternative Strategies Fund
   Class A Shares                           Contractual     0.82%   December 17, 2013  December 31, 2015
   Class C Shares                           Contractual     1.57%   December 17, 2013  December 31, 2015
   Class R Shares                           Contractual     1.07%   December 17, 2013  December 31, 2015
   Class R5 Shares                          Contractual     0.57%   December 17, 2013  December 31, 2015
   Class R6 Shares                          Contractual     0.57%   December 17, 2013  December 31, 2015
   Class Y Shares                           Contractual     0.57%   December 17, 2013  December 31, 2015
Invesco Balanced-Risk Retirement 2020 Fund
   Class A Shares                           Contractual     0.25%    November 4, 2009   April 30, 2015
   Class AX Shares                          Contractual     0.25%   February 12, 2010   April 30, 2015
   Class B Shares                           Contractual     1.00%    November 4, 2009   April 30, 2015
   Class C Shares                           Contractual     1.00%    November 4, 2009   April 30, 2015
   Class CX Shares                          Contractual     1.00%   February 12, 2010   April 30, 2015
   Class R Shares                           Contractual     0.50%    November 4, 2009   April 30, 2015
   Class R5 Shares                          Contractual     0.00%    November 4, 2009   April 30, 2015
   Class R6 Shares                          Contractual     0.00%   September 24, 2012  April 30, 2015
   Class RX Shares                          Contractual     0.50%   February 12, 2010   April 30, 2015
   Class Y Shares                           Contractual     0.00%    November 4, 2009   April 30, 2015
Invesco Balanced-Risk Retirement 2030 Fund
   Class A Shares                           Contractual     0.25%    November 4, 2009   April 30, 2015
   Class AX Shares                          Contractual     0.25%   February 12, 2010   April 30, 2015
   Class B Shares                           Contractual     1.00%    November 4, 2009   April 30, 2015
   Class C Shares                           Contractual     1.00%    November 4, 2009   April 30, 2015
   Class CX Shares                          Contractual     1.00%   February 12, 2010   April 30, 2015
   Class R Shares                           Contractual     0.50%    November 4, 2009   April 30, 2015
   Class R5 Shares                          Contractual     0.00%    November 4, 2009   April 30, 2015
   Class R6 Shares                          Contractual     0.00%   September 24, 2012  April 30, 2015
   Class RX Shares                          Contractual     0.50%   February 12, 2010   April 30, 2015
   Class Y Shares                           Contractual     0.00%    November 4, 2009   April 30, 2015
Invesco Balanced-Risk Retirement 2040 Fund
   Class A Shares                           Contractual     0.25%    November 4, 2009   April 30, 2015
   Class AX Shares                          Contractual     0.25%   February 12, 2010   April 30, 2015
   Class B Shares                           Contractual     1.00%    November 4, 2009   April 30, 2015
   Class C Shares                           Contractual     1.00%    November 4, 2009   April 30, 2015
   Class CX Shares                          Contractual     1.00%   February 12, 2010   April 30, 2015
   Class R Shares                           Contractual     0.50%    November 4, 2009   April 30, 2015
   Class R5 Shares                          Contractual     0.00%    November 4, 2009   April 30, 2015
   Class R6 Shares                          Contractual     0.00%   September 24, 2012  April 30, 2015
   Class RX Shares                          Contractual     0.50%   February 12, 2010   April 30, 2015
   Class Y Shares                           Contractual     0.00%    November 4, 2009   April 30, 2015
Invesco Balanced-Risk Retirement 2050 Fund
   Class A Shares                           Contractual     0.25%    November 4, 2009   April 30, 2015
   Class AX Shares                          Contractual     0.25%   February 12, 2010   April 30, 2015
   Class B Shares                           Contractual     1.00%    November 4, 2009   April 30, 2015
   Class C Shares                           Contractual     1.00%    November 4, 2009   April 30, 2015
   Class CX Shares                          Contractual     1.00%   February 12, 2010   April 30, 2015
   Class R Shares                           Contractual     0.50%    November 4, 2009   April 30, 2015
   Class R5 Shares                          Contractual     0.00%    November 4, 2009   April 30, 2015
   Class R6 Shares                          Contractual     0.00%   September 24, 2012  April 30, 2015
   Class RX Shares                          Contractual     0.50%   February 12, 2010   April 30, 2015
   Class Y Shares                           Contractual     0.00%    November 4, 2009   April 30, 2015
</TABLE>

See page 15 for footnotes to Exhibit A.

                                       6

<PAGE>

                                                        as of December 17, 2013

<TABLE>
<CAPTION>
                                                 CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF    EXPIRATION
FUND                                              VOLUNTARY   LIMITATION   CURRENT LIMIT         DATE
----                                             ------------ ---------- ------------------ --------------
<S>                                              <C>          <C>        <C>                <C>
Invesco Balanced-Risk Retirement Now Fund
   Class A Shares                                Contractual     0.25%    November 4, 2009  April 30, 2015
   Class AX Shares                               Contractual     0.25%   February 12, 2010  April 30, 2015
   Class B Shares                                Contractual     1.00%    November 4, 2009  April 30, 2015
   Class C Shares                                Contractual     1.00%    November 4, 2009  April 30, 2015
   Class CX Shares                               Contractual     1.00%   February 12, 2010  April 30, 2015
   Class R Shares                                Contractual     0.50%    November 4, 2009  April 30, 2015
   Class R5 Shares                               Contractual     0.00%    November 4, 2009  April 30, 2015
   Class R6 Shares                               Contractual     0.00%   September 24, 2012 April 30, 2015
   Class RX Shares                               Contractual     0.50%   February 12, 2010  April 30, 2015
   Class Y Shares                                Contractual     0.00%    November 4, 2009  April 30, 2015
Invesco Conservative 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 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 Low Volatility Equity Yield 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 Y Shares                                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, 2015
   Class B Shares                                Contractual     1.00%      May 1, 2012     April 30, 2015
   Class C Shares                                Contractual     1.00%      May 1, 2012     April 30, 2015
   Class R Shares                                Contractual     0.50%      May 1, 2012     April 30, 2015
   Class R5 Shares                               Contractual     0.00%      May 1, 2012     April 30, 2015
   Class Y Shares                                Contractual     0.00%      May 1, 2012     April 30, 2015
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
</TABLE>

See page 15 for footnotes to Exhibit A.

                                       7

<PAGE>

                                                        as of December 17, 2013

<TABLE>
<CAPTION>
                                  CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF   EXPIRATION
FUND                               VOLUNTARY   LIMITATION   CURRENT LIMIT        DATE
----                              ------------ ---------- ------------------ -------------
<S>                               <C>          <C>        <C>                <C>
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
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
</TABLE>

See page 15 for footnotes to Exhibit A.

                                       8

<PAGE>

                                                        as of December 17, 2013

<TABLE>
<CAPTION>
                                                CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF     EXPIRATION
FUND                                             VOLUNTARY   LIMITATION   CURRENT LIMIT          DATE
----                                            ------------ ---------- ------------------ -----------------
<S>                                             <C>          <C>        <C>                <C>
Invesco Global Opportunities Fund
   Class A Shares                               Contractual     1.36%     August 1, 2012   February 28, 2015
   Class C Shares                               Contractual     2.11%     August 1, 2012   February 28, 2015
   Class R Shares                               Contractual     1.61%     August 1, 2012   February 28, 2015
   Class R5 Shares                              Contractual     1.11%     August 1, 2012   February 28, 2015
   Class R6 Shares                              Contractual     1.11%   September 24, 2012 February 28, 2015
   Class Y Shares                               Contractual     1.11%     August 1, 2012   February 28, 2015
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
Invesco Select Opportunities Fund
   Class A Shares                               Contractual     1.51%     August 1, 2012   February 28, 2015
   Class C Shares                               Contractual     2.26%     August 1, 2012   February 28, 2015
   Class R Shares                               Contractual     1.76%     August 1, 2012   February 28, 2015
   Class R5 Shares                              Contractual     1.26%     August 1, 2012   February 28, 2015
   Class R6 Shares                              Contractual     1.26%   September 24, 2012 February 28, 2015
   Class Y Shares                               Contractual     1.26%     August 1, 2012   February 28, 2015
</TABLE>

                AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)

<TABLE>
<CAPTION>
                                                CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF     EXPIRATION
FUND                                             VOLUNTARY   LIMITATION   CURRENT LIMIT          DATE
----                                            ------------ ---------- ------------------ -----------------
<S>                                             <C>          <C>        <C>                <C>
Invesco All Cap Market Neutral Fund
   Class A Shares                               Contractual     1.62%   December 17, 2013  December 31, 2015
   Class C Shares                               Contractual     2.37%   December 17, 2013  December 31, 2015
   Class R Shares                               Contractual     1.87%   December 17, 2013  December 31, 2015
   Class R5 Shares                              Contractual     1.37%   December 17, 2013  December 31, 2015
   Class R6 Shares                              Contractual     1.37%   December 17, 2013  December 31, 2015
   Class Y Shares                               Contractual     1.37%   December 17, 2013  December 31, 2015
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
</TABLE>

See page 15 for footnotes to Exhibit A.

                                       9

<PAGE>

                                                        as of December 17, 2013

<TABLE>
<CAPTION>
                                                  CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF     EXPIRATION
FUND                                               VOLUNTARY   LIMITATION   CURRENT LIMIT          DATE
----                                              ------------ ---------- ------------------ -----------------
<S>                                               <C>          <C>        <C>                <C>
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
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 Markets Equity Fund
   Class A Shares                                 Contractual     1.85%      May 11, 2011    February 28, 2015
   Class C Shares                                 Contractual     2.60%      May 11, 2011    February 28, 2015
   Class R Shares                                 Contractual     2.10%      May 11, 2011    February 28, 2015
   Class R5 Shares                                Contractual     1.60%      May 11, 2011    February 28, 2015
   Class R6 Shares                                Contractual     1.60%   September 24, 2012 February 28, 2015
   Class Y Shares                                 Contractual     1.60%      May 11, 2011    February 28, 2015
Invesco Emerging Market Local Currency Debt Fund
   Class A Shares                                 Contractual     1.24%     June 14, 2010    February 28, 2015
   Class B Shares                                 Contractual     1.99%     June 14, 2010    February 28, 2015
   Class C Shares                                 Contractual     1.99%     June 14, 2010    February 28, 2015
   Class R Shares                                 Contractual     1.49%     June 14, 2010    February 28, 2015
   Class Y Shares                                 Contractual     0.99%     June 14, 2010    February 28, 2015
   Class R5 Shares                                Contractual     0.99%     June 14, 2010    February 28, 2015
   Class R6 Shares                                Contractual     0.99%   September 24, 2012 February 28, 2015
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   December 16, 2013
   Class C Shares                                 Contractual     3.00%    August 28, 2013   December 16, 2013
   Class R Shares                                 Contractual     2.50%    August 28, 2013   December 16, 2013
   Class R5 Shares                                Contractual     2.00%    August 28, 2013   December 16, 2013
   Class R6 Shares                                Contractual     2.00%    August 28, 2013   December 16, 2013
   Class Y Shares                                 Contractual     2.00%    August 28, 2013   December 16, 2013
</TABLE>

See page 15 for footnotes to Exhibit A.

                                      10

<PAGE>

                                                        as of December 17, 2013

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF     EXPIRATION
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT          DATE
----                                          ------------ ---------- ------------------ -----------------
<S>                                           <C>          <C>        <C>                <C>
Invesco Global Markets Strategy Fund/5/
   Class A Shares                             Contractual     1.80%   December 17, 2013  February 28, 2015
   Class C Shares                             Contractual     2.55%   December 17, 2013  February 28, 2015
   Class R Shares                             Contractual     2.05%   December 17, 2013  February 28, 2015
   Class R5 Shares                            Contractual     1.55%   December 17, 2013  February 28, 2015
   Class R6 Shares                            Contractual     1.55%   December 17, 2013  February 28, 2015
   Class Y Shares                             Contractual     1.55%   December 17, 2013  February 28, 2015
Invesco Global Market Neutral Fund
   Class A Shares                             Contractual     1.62%   December 17, 2013  December 31, 2015
   Class C Shares                             Contractual     2.37%   December 17, 2013  December 31, 2015
   Class R Shares                             Contractual     1.87%   December 17, 2013  December 31, 2015
   Class R5 Shares                            Contractual     1.37%   December 17, 2013  December 31, 2015
   Class R6 Shares                            Contractual     1.37%   December 17, 2013  December 31, 2015
   Class Y Shares                             Contractual     1.37%   December 17, 2013  December 31, 2015
Invesco Global Targeted Returns Fund
   Class A Shares                             Contractual     1.71%   December 17, 2013  December 31, 2015
   Class C Shares                             Contractual     2.46%   December 17, 2013  December 31, 2015
   Class R Shares                             Contractual     1.96%   December 17, 2013  December 31, 2015
   Class R5 Shares                            Contractual     1.46%   December 17, 2013  December 31, 2015
   Class R6 Shares                            Contractual     1.46%   December 17, 2013  December 31, 2015
   Class Y Shares                             Contractual     1.46%   December 17, 2013  December 31, 2015
Invesco International Total Return Fund
   Class A Shares                             Contractual     1.10%     March 31, 2006   February 28, 2015
   Class B Shares                             Contractual     1.85%     March 31, 2006   February 28, 2015
   Class C Shares                             Contractual     1.85%     March 31, 2006   February 28, 2015
   Class R5 Shares                            Contractual     0.85%    October 3, 2008   February 28, 2015
   Class R6 Shares                            Contractual     0.85%   September 24, 2012 February 28, 2015
   Class Y Shares                             Contractual     0.85%     March 31, 2006   February 28, 2015
Invesco Long/Short Equity Fund
   Class A Shares                             Contractual     1.87%   December 17, 2013  December 31, 2015
   Class C Shares                             Contractual     2.62%   December 17, 2013  December 31, 2015
   Class R Shares                             Contractual     2.12%   December 17, 2013  December 31, 2015
   Class R5 Shares                            Contractual     1.62%   December 17, 2013  December 31, 2015
   Class R6 Shares                            Contractual     1.62%   December 17, 2013  December 31, 2015
   Class Y Shares                             Contractual     1.62%   December 17, 2013  December 31, 2015
Invesco Low Volatility Emerging Markets Fund
   Class A Shares                             Contractual     1.72%   December 17, 2013  December 31, 2015
   Class C Shares                             Contractual     2.47%   December 17, 2013  December 31, 2015
   Class R Shares                             Contractual     1.97%   December 17, 2013  December 31, 2015
   Class R5 Shares                            Contractual     1.47%   December 17, 2013  December 31, 2015
   Class R6 Shares                            Contractual     1.47%   December 17, 2013  December 31, 2015
   Class Y Shares                             Contractual     1.47%   December 17, 2013  December 31, 2015
Invesco Macro international Equity Fund
   Class A Shares                             Contractual     1.43%   December 17, 2013  December 31, 2015
   Class C Shares                             Contractual     2.18%   December 17, 2013  December 31, 2015
   Class R Shares                             Contractual     1.68%   December 17, 2013  December 31, 2015
   Class R5 Shares                            Contractual     1.18%   December 17, 2013  December 31, 2015
   Class R6 Shares                            Contractual     1.18%   December 17, 2013  December 31, 2015
   Class Y Shares                             Contractual     1.18%   December 17, 2013  December 31, 2015
</TABLE>

See page 15 for footnotes to Exhibit A.

                                      11

<PAGE>

                                                        as of December 17, 2013

<TABLE>
<CAPTION>
                               CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF     EXPIRATION
FUND                            VOLUNTARY   LIMITATION   CURRENT LIMIT          DATE
----                           ------------ ---------- ------------------ -----------------
<S>                            <C>          <C>        <C>                <C>
Invesco Macro Long/Short Fund
   Class A Shares              Contractual     1.87%   December 17, 2013  December 31, 2015
   Class C Shares              Contractual     2.62%   December 17, 2013  December 31, 2015
   Class R Shares              Contractual     2.12%   December 17, 2013  December 31, 2015
   Class R5 Shares             Contractual     1.62%   December 17, 2013  December 31, 2015
   Class R6 Shares             Contractual     1.62%   December 17, 2013  December 31, 2015
   Class Y Shares              Contractual     1.62%   December 17, 2013  December 31, 2015
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, 2015
   Class C Shares              Contractual     1.64%   December 13, 2011  February 28, 2015
   Class R Shares              Contractual     1.14%   December 13, 2011  February 28, 2015
   Class R5 Shares             Contractual     0.64%   December 13, 2011  February 28, 2015
   Class R6 Shares             Contractual     0.64%   September 24, 2012 February 28, 2015
   Class Y Shares              Contractual     0.64%   December 13, 2011  February 28, 2015
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   EXPIRATION
FUND                              VOLUNTARY   LIMITATION   CURRENT LIMIT        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
</TABLE>

See page 15 for footnotes to Exhibit A.

                                      12

<PAGE>

                                                        as of December 17, 2013

<TABLE>
<CAPTION>
                                        CONTRACTUAL/  EXPENSE    EFFECTIVE DATE OF   EXPIRATION
FUND                                     VOLUNTARY   LIMITATION    CURRENT LIMIT        DATE
----                                    ------------ ----------  ------------------ -------------
<S>                                     <C>          <C>         <C>                <C>
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
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.

                                      13

<PAGE>

                                                        as of December 17, 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 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
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
</TABLE>

See page 15 for footnotes to Exhibit A.

                                      14

<PAGE>

                                                        as of December 17, 2013

<TABLE>
<CAPTION>
                                                CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF  EXPIRATION
FUND                                             VOLUNTARY   LIMITATION   CURRENT LIMIT       DATE
----                                            ------------ ---------- ----------------- -------------
<S>                                             <C>          <C>        <C>               <C>
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                               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
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
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, 2015
</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 December 17, 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, 2014
   Corporate Class                  Contractual      0.17%      July 1, 2009    December 31, 2014
   Institutional Class              Contractual      0.14%      July 1, 2009    December 31, 2014
   Personal Investment Class        Contractual      0.69%/2/   July 1, 2009    December 31, 2014
   Private Investment Class         Contractual      0.44%/2/   July 1, 2009    December 31, 2014
   Reserve Class                    Contractual      1.01%/2/   July 1, 2009    December 31, 2014
   Resource Class                   Contractual      0.30%/2/   July 1, 2009    December 31, 2014
Government TaxAdvantage Portfolio
   Cash Management Class            Contractual      0.22%/2/   July 1, 2009    December 31, 2014
   Corporate Class                  Contractual      0.17%      July 1, 2009    December 31, 2014
   Institutional Class              Contractual      0.14%      July 1, 2009    December 31, 2014
   Personal Investment Class        Contractual      0.69%/2/   July 1, 2009    December 31, 2014
   Private Investment Class         Contractual      0.39%/2/   July 1, 2009    December 31, 2014
   Reserve Class                    Contractual      1.01%/2/   July 1, 2009    December 31, 2014
   Resource Class                   Contractual      0.30%/2/   July 1, 2009    December 31, 2014
Liquid Assets Portfolio
   Cash Management Class            Contractual      0.22%/2/   July 1, 2009    December 31, 2014
   Corporate Class                  Contractual      0.17%      July 1, 2009    December 31, 2014
   Institutional Class              Contractual      0.14%      July 1, 2009    December 31, 2014
   Personal Investment Class        Contractual      0.69%/2/   July 1, 2009    December 31, 2014
   Private Investment Class         Contractual      0.44%/2/   July 1, 2009    December 31, 2014
   Reserve Class                    Contractual      1.01%/2/   July 1, 2009    December 31, 2014
   Resource Class                   Contractual      0.34%      July 1, 2009    December 31, 2014
STIC Prime Portfolio
   Cash Management Class            Contractual      0.22%/2/   July 1, 2009    December 31, 2014
   Corporate Class                  Contractual      0.17%      July 1, 2009    December 31, 2014
   Institutional Class              Contractual      0.14%      July 1, 2009    December 31, 2014
   Personal Investment Class        Contractual      0.69%/2/   July 1, 2009    December 31, 2014
   Private Investment Class         Contractual      0.44%/2/   July 1, 2009    December 31, 2014
   Reserve Class                    Contractual      1.01%/2/   July 1, 2009    December 31, 2014
   Resource Class                   Contractual      0.30%/2/   July 1, 2009    December 31, 2014
Tax-Free Cash Reserve Portfolio/3/
   Cash Management Class            Contractual      0.33%/2/   July 1, 2009    December 31, 2014
   Corporate Class                  Contractual      0.28%      July 1, 2009    December 31, 2014
   Institutional Class              Contractual      0.25%      July 1, 2009    December 31, 2014
   Personal Investment Class        Contractual      0.80%/2/   July 1, 2009    December 31, 2014
   Private Investment Class         Contractual      0.50%/2/   July 1, 2009    December 31, 2014
   Reserve Class                    Contractual      1.12%/2/   July 1, 2009    December 31, 2014
   Resource Class                   Contractual      0.41%/2/   July 1, 2009    December 31, 2014
Treasury Portfolio
   Cash Management Class            Contractual      0.22%/2/   July 1, 2009    December 31, 2014
   Corporate Class                  Contractual      0.17%      July 1, 2009    December 31, 2014
   Institutional Class              Contractual      0.14%      July 1, 2009    December 31, 2014
   Personal Investment Class        Contractual      0.69%/2/   July 1, 2009    December 31, 2014
   Private Investment Class         Contractual      0.44%/2/   July 1, 2009    December 31, 2014
   Reserve Class                    Contractual      1.01%/2/   July 1, 2009    December 31, 2014
   Resource Class                   Contractual      0.30%/2/   July 1, 2009    December 31, 2014
</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 December 17, 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. Balanced-Risk Allocation Fund/1/
   Series I Shares                             Contractual     0.76%     May 1, 2014     April 30, 2015
   Series II Shares                            Contractual     1.01%     May 1, 2014     April 30, 2015
Invesco V.I. Comstock Fund
   Series I Shares                             Contractual     0.78%     May 1. 2013     April 30, 2015
   Series II Shares                            Contractual     1.03%     May 1, 2013     April 30, 2015
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, 2015
   Series II Shares                            Contractual     1.00%     July 1, 2005    April 30, 2015
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
</TABLE>

                                      17

<PAGE>

                                                        as of December 17, 2013

<TABLE>
<CAPTION>
                                         CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF   EXPIRATION
FUND                                      VOLUNTARY   LIMITATION   CURRENT LIMIT        DATE
----                                     ------------ ---------- ----------------- --------------
<S>                                      <C>          <C>        <C>               <C>
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
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, 2015
   Series II Shares                      Contractual     1.03%     May 1, 2013     April 30, 2015
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
</TABLE>

                                      18

<PAGE>

                                                        as of December 17, 2013

<TABLE>
<CAPTION>
                                       CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF   EXPIRATION
FUND                                    VOLUNTARY   LIMITATION   CURRENT LIMIT        DATE
----                                   ------------ ---------- ----------------- --------------
<S>                                    <C>          <C>        <C>               <C>
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
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. Managed Volatility Fund*
   Series I Shares                     Contractual     1.03%    April 30, 2014   April 30, 2015
   Series II Shares                    Contractual     1.28%    April 30, 2014   April 30, 2015
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>

*  The Fund name and expense limit shown is contingent upon both Board of
   Trustee and shareholder approval of certain changes to the Fund.

                                      19

<PAGE>

                                                        as of December 17, 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>
