<SEC-DOCUMENT>0001193125-14-388838.txt : 20141030
<SEC-HEADER>0001193125-14-388838.hdr.sgml : 20141030
<ACCEPTANCE-DATETIME>20141030115835
ACCESSION NUMBER:		0001193125-14-388838
CONFORMED SUBMISSION TYPE:	NSAR-A
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20140831
FILED AS OF DATE:		20141030
DATE AS OF CHANGE:		20141030
EFFECTIVENESS DATE:		20141030

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-A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06591
		FILM NUMBER:		141182300

	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>
<DOCUMENT>
<TYPE>NSAR-A
<SEQUENCE>1
<FILENAME>d788543dnsara.fil
<DESCRIPTION>NSAR-A
<TEXT>
      PAGE  1
000 A000000 08/31/2014
000 C000000 0000885125
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000 I000000 6.1
000 J000000 A
001 A000000 INVESCO QUALITY MUNICIPAL INCOME TRUST
001 B000000 811-06591
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002 A000000 1555 PEACHTREE ST., NE
002 B000000 ATLANTA
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      PAGE  2
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008 D050005 Australia
008 D060005 3000
008 A000006 Invesco Hong Kong Limited
008 B000006 S
008 C000006 801-47856
008 D010006 HONG KONG
008 D050006 HONG KONG
008 A000007 Invesco Senior Secured Management, Inc.
008 B000007 S
008 C000007 801-38119
008 D010007 NEW YORK
008 D020007 NY
008 D030007 10036
008 D040007 2727
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      PAGE  3
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022 A000004 RBC CAPITAL MARKETS CORP.
022 B000004 13-5033225
022 C000004     10235
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022 A000005 MORGAN STANLEY & CO., INC.
022 B000005 13-2655998
022 C000005     10451
022 D000005      4197
022 A000006 BARCLAYS CAPITAL INC.
022 B000006 06-1031656
022 C000006      9537
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022 B000007 13-3299429
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      PAGE  9
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SIGNATURE   KELLI GALLEGOS
TITLE       ASSISANT VP & ASSISTANT TREASURER

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77C
<SEQUENCE>2
<FILENAME>d788543dex9977c.txt
<DESCRIPTION>EX-99.77C
<TEXT>
<PAGE>

                                                                   Sub-Item 77C

              SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
                    INVESCO QUALITY MUNICIPAL INCOME TRUST

An Annual Meeting ("Meeting") of Shareholders of Invesco Quality Municipal
Income Trust (the "Fund") was held on August 27, 2014. The Meeting was held for
the following purpose:

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

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

<TABLE>
<CAPTION>
                                                             Votes      Votes
 Matter                                                       For      Against
 ------                                                    ---------- ---------
 <S>                                                       <C>        <C>
 (1). David C. Arch....................................... 43,415,683 3,473,541
      Larry Soll.......................................... 43,367,700 3,521,524
      Philip A. Taylor.................................... 43,523,198 3,366,026
      Wayne W. Whalen..................................... 43,386,150 3,503,074
      Frank S. Bayley/(P)/................................      2,139         0
</TABLE>
--------
/(P)/  Election of Trustee by preferred shareholders only.
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77E
<SEQUENCE>3
<FILENAME>d788543dex9977e.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.

   The Invesco Quality Municipal Investment Trust (the "Trust'), which merged
into the Invesco Quality Municipal Income Trust received a shareholder demand
letter dated September 1, 2010 alleging that the certain individuals and the
former Adviser 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
shareholder claimed that the Trust was not obliged to provide liquidity to
preferred shareholders, the redemptions were improperly motivated to benefit
the Adviser, and the market value and fair value of the ARPS were less than par
at the time they were redeemed. The shareholder demands that: 1) the Board take
action against the prior adviser and individuals to recover damages and 2) the
Board refrain 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. The Board formed a Special Litigation Committee ("SLC") to
investigate these claims and to make a recommendation to the Board regarding
whether pursuit of these claims is in the best interests of the Trusts. Upon
completion of its evaluation, the SLC recommended that the Board reject the
demands specified in the shareholder demand letter, after which the Board
publicly announced on July 12, 2011, that it had adopted the SLC's
recommendation and voted to reject the demands.

   Management of Invesco and the Trust believe that the outcome of the demand
letter 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>d788543dex9977q1e.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.

<PAGE>

    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 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 COUNSELOR SERIES TRUST
 (INVESCO COUNSELOR SERIES TRUST)                 WAIVER DESCRIPTION                 EFFECTIVE DATE EXPIRATION DATE
----------------------------------- ------------------------------------------------ -------------- ---------------
<S>                                 <C>                                              <C>            <C>
Invesco Strategic Real Return Fund  Invesco will waive advisory fees in an amount      4/30/2014      04/30/2015
                                    equal to the advisory fees earned on underlying
                                    affiliated investments
</TABLE>

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

Invesco Strategic Income Fund         Invesco will waive advisory fees in an amount       5/2/2014      05/31/2015
                                      equal to the advisory fees earned on underlying
                                      affiliated investments
</TABLE>

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

Premier U.S. Government Money Portfolio  Invesco will waive advisory fees in the amount      2/1/2011      12/31/2014
                                         of 0.07% of 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
Invesco Strategic Real Return Fund                  April 30, 2014    April 30, 2015
</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 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 Multi-Asset Inflation Fund                    April 30, 2014   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>

<PAGE>

      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>

                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/1/              May 29, 2009    February 28, 2015
Invesco Balanced-Risk Commodity Strategy Fund/2/   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 Infrastructure Fund                    May 2, 2014       May 31, 2015
Invesco Global Market Neutral Fund                 December 17, 2013  December 31, 2015
Invesco Global Markets Strategy Fund/3/            September 25, 2012 February 28, 2015
Invesco Global Targeted Returns Fund/4/            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
Invesco Strategic Income Fund                         May 2, 2014       May 31, 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 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 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>
--------
/1/  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.
/2/  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.
/3/  Advisory fees to be waived by Invesco for Invesco Global Markets 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 V, Ltd. invests.
/4/  Advisory fees to be waived by Invesco for Invesco Global Targeted Returns
     Fund also include advisory fees that Invesco receives on the Uninvested
     Cash from the Affiliated Money Market Fund in which Invesco Cayman
     Commodity Fund VII, Ltd. invests.

<PAGE>

                    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/5/          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. Mid Cap Growth Fund                       February 12, 2010 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. Managed Volatility Fund                     July 1, 2007    April 30, 2015
Invesco V.I. Value Opportunities Fund                    July 1, 2007    April 30, 2015
</TABLE>

/5/  Advisory fees to be waived by Invesco for Invesco V.I. 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 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 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.

<PAGE>

   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 April 30, 2014

                         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 16 for footnotes to Exhibit A.

                                       3

<PAGE>

                                                           as of April 30, 2014

<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

Invesco Strategic Real Return Fund
   Class A Shares                          Contractual     0.78%     April 30, 2014   April 30, 2015
   Class C Shares                          Contractual     1.53%     April 30, 2014   April 30, 2015
   Class R Shares                          Contractual     1.03%     April 30, 2014   April 30, 2015
   Class R5 Shares                         Contractual     0.53%     April 30, 2014   April 30, 2015
   Class R6 Shares                         Contractual     0.53%     April 30, 2014   April 30, 2015
   Class Y Shares                          Contractual     0.53%     April 30, 2014   April 30, 2015
</TABLE>

See page 16 for footnotes to Exhibit A.

                                       4

<PAGE>

                                                           as of April 30, 2014

                    AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)

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

Invesco 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
</TABLE>

See page 16 for footnotes to Exhibit A.

                                       5

<PAGE>

                                                           as of April 30, 2014

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

                   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
</TABLE>

See page 16 for footnotes to Exhibit A.

                                       6

<PAGE>

                                                           as of April 30, 2014

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

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
</TABLE>

See page 16 for footnotes to Exhibit A.

                                       7

<PAGE>

                                                           as of April 30, 2014

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

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 Multi-Asset Inflation Fund
   Class A Shares                      Contractual     0.73%     April 30, 2014   April 30, 2015
   Class C Shares                      Contractual     1.48%     April 30, 2014   April 30, 2015
   Class R Shares                      Contractual     0.98%     April 30, 2014   April 30, 2015
   Class Y Shares                      Contractual     0.48%     April 30, 2014   April 30, 2015
   Class R5 Shares                     Contractual     0.48%     April 30, 2014   April 30, 2015
   Class R6 Shares                     Contractual     0.48%     April 30, 2014   April 30, 2015

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>

See page 16 for footnotes to Exhibit A.

                                       8

<PAGE>

                                                           as of April 30, 2014


      AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)

<TABLE>
<CAPTION>
                                            CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF     EXPIRATION
FUND                                         VOLUNTARY   LIMITATION   CURRENT LIMIT          DATE
----                                        ------------ ---------- ------------------ -----------------
<S>                                         <C>          <C>        <C>                <C>
Invesco Asia Pacific Growth Fund
   Class A Shares                           Contractual     2.25%      July 1, 2009      June 30, 2014
   Class B Shares                           Contractual     3.00%      July 1, 2009      June 30, 2014
   Class C Shares                           Contractual     3.00%      July 1, 2009      June 30, 2014
   Class Y Shares                           Contractual     2.00%      July 1, 2009      June 30, 2014

Invesco European Growth Fund
   Class A Shares                           Contractual     2.25%      July 1, 2009      June 30, 2014
   Class B Shares                           Contractual     3.00%      July 1, 2009      June 30, 2014
   Class C Shares                           Contractual     3.00%      July 1, 2009      June 30, 2014
   Class R Shares                           Contractual     2.50%      July 1, 2009      June 30, 2014
   Class Y Shares                           Contractual     2.00%      July 1, 2009      June 30, 2014
   Investor Class Shares                    Contractual     2.25%      July 1, 2009      June 30, 2014

Invesco Global Growth Fund
   Class A Shares                           Contractual     2.25%    January 1, 2013     June 30, 2014
   Class B Shares                           Contractual     3.00%    January 1, 2013     June 30, 2014
   Class C Shares                           Contractual     3.00%    January 1, 2013     June 30, 2014
   Class R5 Shares                          Contractual     2.00%    January 1, 2013     June 30, 2014
   Class R6 Shares                          Contractual     2.00%    January 1, 2013     June 30, 2014
   Class Y Shares                           Contractual     2.00%    January 1, 2013     June 30, 2014

Invesco Global Opportunities Fund
   Class A Shares                           Contractual     1.36%     August 1, 2012   February 28, 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>

See page 16 for footnotes to Exhibit A.

                                       9

<PAGE>

                                                           as of April 30, 2014


                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

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
</TABLE>

See page 16 for footnotes to Exhibit A.

                                      10

<PAGE>

                                                           as of April 30, 2014

<TABLE>
<CAPTION>
                                         CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF     EXPIRATION
FUND                                      VOLUNTARY   LIMITATION   CURRENT LIMIT          DATE
----                                     ------------ ---------- ------------------ -----------------
<S>                                      <C>          <C>        <C>                <C>
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 Infrastructure Fund
   Class A Shares                        Contractual     1.40%      May 2, 2014       May 31, 2015
   Class C Shares                        Contractual     2.15%      May 2, 2014       May 31, 2015
   Class R Shares                        Contractual     1.65%      May 2, 2014       May 31, 2015
   Class Y Shares                        Contractual     1.15%      May 2, 2014       May 31, 2015
   Class R5 Shares                       Contractual     1.15%      May 2, 2014       May 31, 2015
   Class R6 Shares                       Contractual     1.15%      May 2, 2014       May 31, 2015

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

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/6/
   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
</TABLE>

See page 16 for footnotes to Exhibit A.

                                      11

<PAGE>

                                                           as of April 30, 2014

<TABLE>
<CAPTION>
                                              CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF     EXPIRATION
FUND                                           VOLUNTARY   LIMITATION   CURRENT LIMIT          DATE
----                                          ------------ ---------- ------------------ -----------------
<S>                                           <C>          <C>        <C>                <C>
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 MLP Fund
   Class A Shares                             Contractual     1.50%      May 2, 2014       May 31, 2015
   Class C Shares                             Contractual     2.25%      May 2, 2014       May 31, 2015
   Class R Shares                             Contractual     1.75%      May 2, 2014       May 31, 2015
   Class R5 Shares                            Contractual     1.25%      May 2, 2014       May 31, 2015
   Class R6 Shares                            Contractual     1.25%      May 2, 2014       May 31, 2015
   Class Y Shares                             Contractual     1.25%      May 2, 2014       May 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

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
</TABLE>

See page 16 for footnotes to Exhibit A.

                                      12

<PAGE>

                                                           as of April 30, 2014

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

Invesco Strategic Income Fund
   Class A Shares              Contractual     0.82%      May 2, 2014       May 31, 2015
   Class C Shares              Contractual     1.57%      May 2, 2014       May 31, 2015
   Class R Shares              Contractual     1.07%      May 2, 2014       May 31, 2015
   Class Y Shares              Contractual     0.57%      May 2, 2014       May 31, 2015
   Class R5 Shares             Contractual     0.57%      May 2, 2014       May 31, 2015
   Class R6 Shares             Contractual     0.57%      May 2, 2014       May 31, 2015
</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 Global Real Estate Fund
   Class A Shares                       Contractual     2.00%      July 1, 2009    June 30, 2014
   Class B Shares                       Contractual     2.75%      July 1, 2009    June 30, 2014
   Class C Shares                       Contractual     2.75%      July 1, 2009    June 30, 2014
   Class R Shares                       Contractual     2.25%      July 1, 2009    June 30, 2014
   Class R5 Shares                      Contractual     1.75%      July 1, 2009    June 30, 2014
   Class R6 Shares                      Contractual     1.75%   September 24, 2012 June 30, 2014
   Class Y Shares                       Contractual     1.75%      July 1, 2009    June 30, 2014

Invesco High Yield Fund
   Class A Shares                       Contractual     1.50%      July 1, 2013    June 30, 2014
   Class B Shares                       Contractual     2.25%      July 1, 2013    June 30, 2014
   Class C Shares                       Contractual     2.25%      July 1, 2013    June 30, 2014
   Class R5 Shares                      Contractual     1.25%      July 1, 2013    June 30, 2014
   Class R6 Shares                      Contractual     1.25%      July 1, 2013    June 30, 2014
   Class Y Shares                       Contractual     1.25%      July 1, 2013    June 30, 2014
   Investor Class Shares                Contractual     1.50%      July 1, 2013    June 30, 2014

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
</TABLE>

See page 16 for footnotes to Exhibit A.

                                      13

<PAGE>

                                                           as of April 30, 2014

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

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
</TABLE>

See page 16 for footnotes to Exhibit A.

                                      14

<PAGE>

                                                           as of April 30, 2014

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

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
</TABLE>

See page 16 for footnotes to Exhibit A.

                                      15

<PAGE>

                                                           as of April 30, 2014

<TABLE>
<CAPTION>
                                                   CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF  EXPIRATION
FUND                                                VOLUNTARY   LIMITATION   CURRENT LIMIT       DATE
----                                               ------------ ---------- ----------------- -------------
<S>                                                <C>          <C>        <C>               <C>
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.
/6/  Includes waived fees or reimbursed expenses that Invesco receives from
     Invesco Cayman Commodity Fund VII, Ltd.


                                      16

<PAGE>

                                                           as of April 30, 2014


              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.

                                      17

<PAGE>

                                                           as of April 30, 2014


                    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>

/1/  Includes waived fees or reimbursed expenses that Invesco receives from
     Invesco Cayman Commodity Fund IV, Ltd.

                                      18

<PAGE>

                                                           as of April 30, 2014


<TABLE>
<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

Invesco V.I. Small Cap Equity Fund
     Series I Shares                                   Contractual 2.00% May 1, 2013  June 30, 2014
     Series II Shares                                  Contractual 2.25% May 1, 2013  June 30, 2014
</TABLE>

                                      19

<PAGE>

                                                           as of April 30, 2014


<TABLE>
<S>                                                    <C>         <C>   <C>            <C>
Invesco V.I. Technology Fund
     Series I Shares                                   Contractual 2.00%  May 1, 2013   June 30, 2014
     Series II Shares                                  Contractual 2.25%  May 1, 2013   June 30, 2014

Invesco V.I. Utilities Fund
     Series I Shares                                   Contractual 2.00%  May 1, 2012   June 30, 2014
     Series II Shares                                  Contractual 2.25%  May 1, 2012   June 30, 2014

Invesco V.I. 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.

                                      20

<PAGE>

                                                           as of April 30, 2014


                        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>

                                      21

<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 Management
Trust, 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.

<PAGE>

   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 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 MANAGEMENT TRUST
       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 COUNSELOR SERIES TRUST
 (INVESCO COUNSELOR SERIES TRUST)                 WAIVER DESCRIPTION                 EFFECTIVE DATE EXPIRATION DATE
----------------------------------- ------------------------------------------------ -------------- ---------------
<S>                                 <C>                                              <C>            <C>
Invesco Strategic Real Return Fund  Invesco will waive advisory fees in an amount      4/30/2014      06/30/2016
                                    equal to the advisory fees earned on underlying
                                    affiliated investments
</TABLE>

<TABLE>
<CAPTION>
       AIM INVESTMENT FUNDS
     (INVESCO INVESTMENT FUNDS)                     WAIVER DESCRIPTION                 EFFECTIVE DATE EXPIRATION DATE
------------------------------------- ------------------------------------------------ -------------- ---------------
<S>                                   <C>                                              <C>            <C>
Invesco Global Targeted Returns Fund  Invesco will waive advisory fees in an amount      12/17/2013     06/30/2016
                                      equal to the advisory fees earned on underlying
                                      affiliated investments

Invesco Strategic Income Fund         Invesco will waive advisory fees in an amount       5/2/2014      06/30/2016
                                      equal to the advisory fees earned on underlying
                                      affiliated investments
</TABLE>

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

Premier U.S. Government Money Portfolio  Invesco will waive advisory fees in the amount      2/1/2011      12/31/2014
                                         of 0.07% of 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  June 30, 2016
Invesco California Tax-Free Income Fund            February 12, 2010  June 30, 2016
Invesco Core Plus Bond Fund                          June 2, 2009     June 30, 2016
Invesco Equally-Weighted S&P 500 Fund              February 12, 2010  June 30, 2016
Invesco Equity and Income Fund                     February 12, 2010  June 30, 2016
Invesco Floating Rate Fund                           July 1, 2007     June 30, 2016
Invesco Global Real Estate Income Fund               July 1, 2007     June 30, 2016
Invesco Growth and Income Fund                     February 12, 2010  June 30, 2016
Invesco Low Volatility Equity Yield Fund             July 1, 2007     June 30, 2016
Invesco Pennsylvania Tax Free Income Fund          February 12, 2010  June 30, 2016
Invesco S&P 500 Index Fund                         February 12, 2010  June 30, 2016
Invesco Small Cap Discovery Fund                   February 12, 2010  June 30, 2016
Invesco Strategic Real Return Fund                  April 30, 2014    June 30, 2016
</TABLE>

                    AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)

<TABLE>
<CAPTION>
PORTFOLIO                                          EFFECTIVE DATE COMMITTED UNTIL
---------                                          -------------- ---------------
<S>                                                <C>            <C>
Invesco Charter Fund                                July 1, 2007   June 30, 2016
Invesco Diversified Dividend Fund                   July 1, 2007   June 30, 2016
Invesco Summit Fund                                 July 1, 2007   June 30, 2016
</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   June 30, 2016
Invesco Global Core Equity Fund                     July 1, 2007   June 30, 2016
Invesco International Small Company Fund            July 1, 2007   June 30, 2016
Invesco Small Cap Equity Fund                       July 1, 2007   June 30, 2016
</TABLE>

                   AIM GROWTH SERIES (INVESCO GROWTH SERIES)

<TABLE>
<CAPTION>
FUND                                                EFFECTIVE DATE   COMMITTED UNTIL
----                                               ----------------- ---------------
<S>                                                <C>               <C>
Invesco Convertible Securities Fund                February 12, 2010  June 30, 2016
Invesco Global Low Volatility Equity Yield Fund      July 1, 2007     June 30, 2016
Invesco Mid Cap Core Equity Fund                     July 1, 2007     June 30, 2016
Invesco Small Cap Growth Fund                        July 1, 2007     June 30, 2016
Invesco U.S. Mortgage Fund                         February 12, 2010  June 30, 2016
</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   June 30, 2016
Invesco European Growth Fund                        July 1, 2007   June 30, 2016
Invesco Global Growth Fund                          July 1, 2007   June 30, 2016
Invesco Global Opportunities Fund                  August 3, 2012  June 30, 2016
Invesco Global Small & Mid Cap Growth Fund          July 1, 2007   June 30, 2016
Invesco International Core Equity Fund              July 1, 2007   June 30, 2016
Invesco International Growth Fund                   July 1, 2007   June 30, 2016
Invesco Select Opportunities Fund                  August 3, 2012  June 30, 2016
</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   June 30, 2016
Invesco Balanced-Risk Allocation Fund/1/              May 29, 2009     June 30, 2016
Invesco Balanced-Risk Commodity Strategy Fund/2/   November 29, 2010   June 30, 2016
Invesco China Fund                                    July 1, 2007     June 30, 2016
Invesco Developing Markets Fund                       July 1, 2007     June 30, 2016
Invesco Emerging Markets Equity Fund                  May 11, 2011     June 30, 2016
Invesco Emerging Market Local Currency Debt Fund     June 14, 2010     June 30, 2016
Invesco Endeavor Fund                                 July 1, 2007     June 30, 2016
Invesco Global Health Care Fund                       July 1, 2007     June 30, 2016
Invesco Global Infrastructure Fund                    May 2, 2014      June 30, 2016
Invesco Global Market Neutral Fund                 December 17, 2013   June 30, 2016
Invesco Global Markets Strategy Fund/3/            September 25, 2012  June 30, 2016
Invesco Global Targeted Returns Fund/4/            December 17, 2013   June 30, 2016
Invesco International Total Return Fund               July 1, 2007     June 30, 2016
Invesco Long/Short Equity Fund                     December 17, 2013   June 30, 2016
Invesco Low Volatility Emerging Markets Fund       December 17, 2013   June 30, 2016
Invesco Macro International Equity Fund            December 17, 2013   June 30, 2016
Invesco Macro Long/Short Fund                      December 17, 2013   June 30, 2016
Invesco Pacific Growth Fund                        February 12, 2010   June 30, 2016
Invesco Premium Income Fund                        December 13, 2011   June 30, 2016
Invesco Select Companies Fund                         July 1, 2007     June 30, 2016
Invesco Strategic Income Fund                         May 2, 2014      June 30, 2016
</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, 2016
Invesco Global Real Estate Fund                      July 1, 2007     June 30, 2016
Invesco High Yield Fund                              July 1, 2007     June 30, 2016
Invesco Limited Maturity Treasury Fund               July 1, 2007     June 30, 2016
Invesco Money Market Fund                            July 1, 2007     June 30, 2016
Invesco Real Estate Fund                             July 1, 2007     June 30, 2016
Invesco Short Term Bond Fund                         July 1, 2007     June 30, 2016
Invesco U.S. Government Fund                         July 1, 2007     June 30, 2016
</TABLE>
--------
/1/  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.
/2/  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.
/3/  Advisory fees to be waived by Invesco for Invesco Global Markets 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 V, Ltd. invests.
/4/  Advisory fees to be waived by Invesco for Invesco Global Targeted Returns
     Fund also include advisory fees that Invesco receives on the Uninvested
     Cash from the Affiliated Money Market Fund in which Invesco Cayman
     Commodity Fund VII, Ltd. invests.

<PAGE>

                    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, 2016
Invesco Comstock Fund                              February 12, 2010  June 30, 2016
Invesco Energy Fund                                  July 1, 2007     June 30, 2016
Invesco Dividend Income Fund                         July 1, 2007     June 30, 2016
Invesco Gold & Precious Metals Fund                  July 1, 2007     June 30, 2016
Invesco Mid Cap Growth Fund                        February 12, 2010  June 30, 2016
Invesco Small Cap Value Fund                       February 12, 2010  June 30, 2016
Invesco Technology Fund                              July 1, 2007     June 30, 2016
Invesco Technology Sector Fund                     February 12, 2010  June 30, 2016
Invesco Value Opportunities Fund                   February 12, 2010  June 30, 2016
</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, 2016
Invesco Intermediate Term Municipal Income Fund    February 12, 2010  June 30, 2016
Invesco Municipal Income Fund                      February 12, 2010  June 30, 2016
Invesco New York Tax Free Income Fund              February 12, 2010  June 30, 2016
Invesco Tax-Exempt Cash Fund                         July 1, 2007     June 30, 2016
Invesco Tax-Free Intermediate Fund                   July 1, 2007     June 30, 2016
</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  June 30, 2016
Invesco V.I. American Value Fund                   February 12, 2010  June 30, 2016
Invesco V.I. Balanced-Risk Allocation Fund/5/      December 22, 2010  June 30, 2016
Invesco V.I. Comstock Fund                         February 12, 2010  June 30, 2016
Invesco V.I. Core Equity Fund                        July 1, 2007     June 30, 2016
Invesco V.I. Diversified Dividend Fund             February 12, 2010  June 30, 2016
Invesco V.I. Diversified Income Fund                 July 1, 2007     June 30, 2016
Invesco V.I. Equally-Weighted S&P 500 Fund         February 12, 2010  June 30, 2016
Invesco V.I. Equity and Income Fund                February 12, 2010  June 30, 2016
Invesco V.I. Global Core Equity Fund               February 12, 2010  June 30, 2016
Invesco V.I. Global Health Care Fund                 July 1, 2007     June 30, 2016
Invesco V.I. Global Real Estate Fund                 July 1, 2007     June 30, 2016
Invesco V.I. Government Securities Fund              July 1, 2007     June 30, 2016
Invesco V.I. Growth and Income Fund                February 12, 2010  June 30, 2016
Invesco V.I. High Yield Fund                         July 1, 2007     June 30, 2016
Invesco V.I. International Growth Fund               July 1, 2007     June 30, 2016
Invesco V.I. Managed Volatility Fund                 July 1, 2007     June 30, 2016
Invesco V.I. Mid Cap Core Equity Fund                July 1, 2007     June 30, 2016
Invesco V.I. Mid Cap Growth Fund                   February 12, 2010  June 30, 2016
Invesco V.I. Money Market Fund                       July 1, 2007     June 30, 2016
Invesco V.I. S&P 500 Index Fund                    February 12, 2010  June 30, 2016
Invesco V.I. Small Cap Equity Fund                   July 1, 2007     June 30, 2016
Invesco V.I. Technology Fund                         July 1, 2007     June 30, 2016
Invesco V.I. Managed Volatility Fund                 July 1, 2007     June 30, 2016
Invesco V.I. Value Opportunities Fund                July 1, 2007     June 30, 2016
</TABLE>

/5/  Advisory fees to be waived by Invesco for Invesco V.I. 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 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  June 30, 2016
</TABLE>

                           INVESCO MANAGEMENT TRUST

<TABLE>
<CAPTION>
FUND                                               EFFECTIVE DATE COMMITTED UNTIL
----                                               -------------- ---------------
<S>                                                <C>            <C>
Invesco Conservative Income Fund                        TBD        June 30, 2016
</TABLE>

                               CLOSED-END FUNDS

<TABLE>
<CAPTION>
FUND                                               EFFECTIVE DATE COMMITTED UNTIL
----                                               -------------- ---------------
<S>                                                <C>            <C>
Invesco Municipal Income Opportunities Trust        June 1, 2010   June 30, 2016
Invesco Quality Municipal Income Trust              June 1, 2010   June 30, 2016
Invesco Value Municipal Income Trust                June 1, 2010   June 30, 2016
</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 Management Trust, 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 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.

<PAGE>

   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 MANAGEMENT TRUST
          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 July 1, 2014

                         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, 2015
   Class B Shares                                  Contractual     2.75%      July 1, 2013      June 30, 2015
   Class C Shares                                  Contractual     2.75%      July 1, 2013      June 30, 2015
   Class R Shares                                  Contractual     2.25%      July 1, 2013      June 30, 2015
   Class R5 Shares                                 Contractual     1.75%      July 1, 2013      June 30, 2015
   Class R6 Shares                                 Contractual     1.75%      July 1, 2013      June 30, 2015
   Class Y Shares                                  Contractual     1.75%      July 1, 2013      June 30, 2015

Invesco California Tax-Free Income Fund
   Class A Shares                                  Contractual     1.50%      July 1, 2012      June 30, 2015
   Class B Shares                                  Contractual     2.00%      July 1, 2012      June 30, 2015
   Class C Shares                                  Contractual     2.00%      July 1, 2012      June 30, 2015
   Class Y Shares                                  Contractual     1.25%      July 1, 2012      June 30, 2015

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, 2015
   Class B Shares                                  Contractual     2.75%      July 1, 2012      June 30, 2015
   Class C Shares                                  Contractual     2.75%      July 1, 2012      June 30, 2015
   Class R Shares                                  Contractual     2.25%      July 1, 2012      June 30, 2015
   Class R6 Shares                                 Contractual     1.75%   September 24, 2012   June 30, 2015
   Class Y Shares                                  Contractual     1.75%      July 1, 2012      June 30, 2015

Invesco Equity and Income Fund
   Class A Shares                                  Contractual     1.50%      July 1, 2012      June 30, 2015
   Class B Shares                                  Contractual     2.25%      July 1, 2012      June 30, 2015
   Class C Shares                                  Contractual     2.25%      July 1, 2012      June 30, 2015
   Class R Shares                                  Contractual     1.75%      July 1, 2012      June 30, 2015
   Class R5 Shares                                 Contractual     1.25%      July 1, 2012      June 30, 2015
   Class R6 Shares                                 Contractual     1.25%   September 24, 2012   June 30, 2015
   Class Y Shares                                  Contractual     1.25%      July 1, 2012      June 30, 2015

Invesco Floating Rate Fund
   Class A Shares                                  Contractual     1.50%     April 14, 2006     June 30, 2015
   Class C Shares                                  Contractual     2.00%     April 14, 2006     June 30, 2015
   Class R Shares                                  Contractual     1.75%     April 14, 2006     June 30, 2015
   Class R5 Shares                                 Contractual     1.25%     April 14, 2006     June 30, 2015
   Class R6 Shares                                 Contractual     1.25%   September 24, 2012   June 30, 2015
   Class Y Shares                                  Contractual     1.25%    October 3, 2008     June 30, 2015

Invesco Global Real Estate Income Fund
   Class A Shares                                  Contractual     2.00%      July 1, 2009      June 30, 2015
   Class B Shares                                  Contractual     2.75%      July 1, 2009      June 30, 2015
   Class C Shares                                  Contractual     2.75%      July 1, 2009      June 30, 2015
   Class R5 Shares                                 Contractual     1.75%      July 1, 2009      June 30, 2015
   Class R6 Shares                                 Contractual     1.75%   September 24, 2012   June 30, 2015
   Class Y Shares                                  Contractual     1.75%      July 1, 2009      June 30, 2015
</TABLE>

See page 15 for footnotes to Exhibit A.

                                       3

<PAGE>

                                                             as of July 1, 2014

<TABLE>
<CAPTION>
                                                   CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF    EXPIRATION
FUND                                                VOLUNTARY   LIMITATION   CURRENT LIMIT         DATE
----                                               ------------ ---------- ------------------ --------------
<S>                                                <C>          <C>        <C>                <C>
Invesco Growth and Income Fund
   Class A Shares                                  Contractual     2.00%      July 1, 2012    June 30, 2015
   Class B Shares                                  Contractual     2.75%      July 1, 2012    June 30, 2015
   Class C Shares                                  Contractual     2.75%      July 1, 2012    June 30, 2015
   Class R Shares                                  Contractual     2.25%      July 1, 2012    June 30, 2015
   Class R5 Shares                                 Contractual     1.75%      July 1, 2012    June 30, 2015
   Class R6 Shares                                 Contractual     1.75%   September 24, 2012 June 30, 2015
   Class Y Shares                                  Contractual     1.75%      July 1, 2012    June 30, 2015

Invesco Low Volatility Equity Yield Fund
   Class A Shares                                  Contractual     2.00%      July 1, 2012    June 30, 2015
   Class B Shares                                  Contractual     2.75%      July 1, 2012    June 30, 2015
   Class C Shares                                  Contractual     2.75%      July 1, 2012    June 30, 2015
   Class R Shares                                  Contractual     2.25%      July 1, 2012    June 30, 2015
   Class R5 Shares                                 Contractual     1.75%      July 1, 2012    June 30, 2015
   Class Y Shares                                  Contractual     1.75%      July 1, 2012    June 30, 2015
   Investor Class Shares                           Contractual     2.00%      July 1, 2012    June 30, 2015

Invesco Pennsylvania Tax Free Income Fund
   Class A Shares                                  Contractual     1.50%      July 1, 2012    June 30, 2015
   Class B Shares                                  Contractual     2.25%      July 1, 2012    June 30, 2015
   Class C Shares                                  Contractual     2.25%      July 1, 2012    June 30, 2015
   Class Y Shares                                  Contractual     1.25%      July 1, 2012    June 30, 2015

Invesco S&P 500 Index Fund
   Class A Shares                                  Contractual     2.00%      July 1, 2012    June 30, 2015
   Class B Shares                                  Contractual     2.75%      July 1, 2012    June 30, 2015
   Class C Shares                                  Contractual     2.75%      July 1, 2012    June 30, 2015
   Class Y Shares                                  Contractual     1.75%      July 1, 2012    June 30, 2015

Invesco Small Cap Discovery Fund
   Class A Shares                                  Contractual     2.00%      July 1, 2012    June 30, 2015
   Class B Shares                                  Contractual     2.75%      July 1, 2012    June 30, 2015
   Class C Shares                                  Contractual     2.75%      July 1, 2012    June 30, 2015
   Class R5 Shares                                 Contractual     1.75%   September 24, 2012 June 30, 2015
   Class R6 Shares                                 Contractual     1.75%   September 24, 2012 June 30, 2015
   Class Y Shares                                  Contractual     1.75%      July 1, 2012    June 30, 2015

Invesco Strategic Real Return Fund
   Class A Shares                                  Contractual     0.78%     April 30, 2014   April 30, 2015
   Class C Shares                                  Contractual     1.53%     April 30, 2014   April 30, 2015
   Class R Shares                                  Contractual     1.03%     April 30, 2014   April 30, 2015
   Class R5 Shares                                 Contractual     0.53%     April 30, 2014   April 30, 2015
   Class R6 Shares                                 Contractual     0.53%     April 30, 2014   April 30, 2015
   Class Y Shares                                  Contractual     0.53%     April 30, 2014   April 30, 2015
</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, 2015
   Class B Shares                                  Contractual     2.75%      July 1, 2009    June 30, 2015
   Class C Shares                                  Contractual     2.75%      July 1, 2009    June 30, 2015
   Class R Shares                                  Contractual     2.25%      July 1, 2009    June 30, 2015
   Class R5 Shares                                 Contractual     1.75%      July 1, 2009    June 30, 2015
   Class R6 Shares                                 Contractual     1.75%   September 24, 2012 June 30, 2015
   Class S Shares                                  Contractual     1.90%   September 25, 2009 June 30, 2015
   Class Y Shares                                  Contractual     1.75%      July 1, 2009    June 30, 2015
</TABLE>

See page 15 for footnotes to Exhibit A.

                                       4

<PAGE>

                                                             as of July 1, 2014

<TABLE>
<CAPTION>
                                                   CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF   EXPIRATION
FUND                                                VOLUNTARY   LIMITATION   CURRENT LIMIT        DATE
----                                               ------------ ---------- ------------------ -------------
<S>                                                <C>          <C>        <C>                <C>
Invesco Diversified Dividend Fund
   Class A Shares                                  Contractual     2.00%      July 1, 2013    June 30, 2015
   Class B Shares                                  Contractual     2.75%      July 1, 2013    June 30, 2015
   Class C Shares                                  Contractual     2.75%      July 1, 2013    June 30, 2015
   Class R Shares                                  Contractual     2.25%      July 1, 2013    June 30, 2015
   Class R5 Shares                                 Contractual     1.75%      July 1, 2013    June 30, 2015
   Class R6 Shares                                 Contractual     1.75%      July 1, 2013    June 30, 2015
   Class Y Shares                                  Contractual     1.75%      July 1, 2013    June 30, 2015
   Investor Class Shares                           Contractual     2.00%      July 1, 2013    June 30, 2015

Invesco Summit Fund
   Class A Shares                                  Contractual     2.00%      July 1, 2009    June 30, 2015
   Class B Shares                                  Contractual     2.75%      July 1, 2009    June 30, 2015
   Class C Shares                                  Contractual     2.75%      July 1, 2009    June 30, 2015
   Class P Shares                                  Contractual     1.85%      July 1, 2009    June 30, 2015
   Class R5 Shares                                 Contractual     1.75%      July 1, 2009    June 30, 2015
   Class S Shares                                  Contractual     1.90%   September 25, 2009 June 30, 2015
   Class Y Shares                                  Contractual     1.75%      July 1, 2009    June 30, 2015
</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, 2015
   Class B Shares                                  Contractual     3.00%      July 1, 2009    June 30, 2015
   Class C Shares                                  Contractual     3.00%      July 1, 2009    June 30, 2015
   Class Y Shares                                  Contractual     2.00%      July 1, 2009    June 30, 2015

Invesco Global Core Equity Fund
   Class A Shares                                  Contractual     2.25%      July 1, 2013    June 30, 2015
   Class B Shares                                  Contractual     3.00%      July 1, 2013    June 30, 2015
   Class C Shares                                  Contractual     3.00%      July 1, 2013    June 30, 2015
   Class R Shares                                  Contractual     2.50%      July 1, 2013    June 30, 2015
   Class R5 Shares                                 Contractual     2.00%      July 1, 2013    June 30, 2015
   Class Y Shares                                  Contractual     2.00%      July 1, 2013    June 30, 2015

Invesco International Small Company Fund
   Class A Shares                                  Contractual     2.25%      July 1, 2009    June 30, 2015
   Class B Shares                                  Contractual     3.00%      July 1, 2009    June 30, 2015
   Class C Shares                                  Contractual     3.00%      July 1, 2009    June 30, 2015
   Class R5 Shares                                 Contractual     2.00%      July 1, 2009    June 30, 2015
   Class R6 Shares                                 Contractual     2.00%   September 24, 2012 June 30, 2015
   Class Y Shares                                  Contractual     2.00%      July 1, 2009    June 30, 2015

Invesco Small Cap Equity Fund
   Class A Shares                                  Contractual     2.00%      July 1, 2009    June 30, 2015
   Class B Shares                                  Contractual     2.75%      July 1, 2009    June 30, 2015
   Class C Shares                                  Contractual     2.75%      July 1, 2009    June 30, 2015
   Class R Shares                                  Contractual     2.25%      July 1, 2009    June 30, 2015
   Class R5 Shares                                 Contractual     1.75%      July 1, 2009    June 30, 2015
   Class R6 Shares                                 Contractual     1.75%   September 24, 2012 June 30, 2015
   Class Y Shares                                  Contractual     1.75%      July 1, 2009    June 30, 2015
</TABLE>

See page 15 for footnotes to Exhibit A.

                                       5

<PAGE>

                                                             as of July 1, 2014


                   AIM GROWTH SERIES (INVESCO GROWTH SERIES)

<TABLE>
<CAPTION>
                                                   CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF    EXPIRATION
FUND                                                VOLUNTARY   LIMITATION   CURRENT LIMIT         DATE
----                                               ------------ ---------- ------------------ --------------
<S>                                                <C>          <C>        <C>                <C>
Invesco Balanced-Risk Retirement 2020 Fund
   Class A Shares                                  Contractual     0.25%    November 4, 2009  April 30, 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

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
</TABLE>

See page 15 for footnotes to Exhibit A.

                                       6

<PAGE>

                                                             as of July 1, 2014

<TABLE>
<CAPTION>
                                                   CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF    EXPIRATION
FUND                                                VOLUNTARY   LIMITATION   CURRENT LIMIT         DATE
----                                               ------------ ---------- ------------------ --------------
<S>                                                <C>          <C>        <C>                <C>
Invesco Conservative Allocation Fund
   Class A Shares                                  Contractual     1.50%      July 1, 2012    June 30, 2015
   Class B Shares                                  Contractual     2.25%      July 1, 2012    June 30, 2015
   Class C Shares                                  Contractual     2.25%      July 1, 2012    June 30, 2015
   Class R Shares                                  Contractual     1.75%      July 1, 2012    June 30, 2015
   Class R5 Shares                                 Contractual     1.25%      July 1, 2012    June 30, 2015
   Class S Shares                                  Contractual     1.40%      July 1, 2012    June 30, 2015
   Class Y Shares                                  Contractual     1.25%      July 1, 2012    June 30, 2015

Invesco Convertible Securities Fund
   Class A Shares                                  Contractual     1.50%      July 1, 2012    June 30, 2015
   Class B Shares                                  Contractual     2.25%      July 1, 2012    June 30, 2015
   Class C Shares                                  Contractual     2.25%      July 1, 2012    June 30, 2015
   Class R5 Shares                                 Contractual     1.25%      July 1, 2012    June 30, 2015
   Class R6 Shares                                 Contractual     1.25%   September 24, 2012 June 30, 2015
   Class Y Shares                                  Contractual     1.25%      July 1, 2012    June 30, 2015

Invesco Global Low Volatility Equity Yield Fund
   Class A Shares                                  Contractual     2.25%      July 1, 2009    June 30, 2015
   Class B Shares                                  Contractual     3.00%      July 1, 2009    June 30, 2015
   Class C Shares                                  Contractual     3.00%      July 1, 2009    June 30, 2015
   Class R Shares                                  Contractual     2.50%      July 1, 2009    June 30, 2015
   Class R5 Shares                                 Contractual     2.00%      July 1, 2009    June 30, 2015
   Class Y Shares                                  Contractual     2.00%      July 1, 2009    June 30, 2015

Invesco Growth Allocation Fund
   Class A Shares                                  Contractual     2.00%      July 1, 2012    June 30, 2015
   Class B Shares                                  Contractual     2.75%      July 1, 2012    June 30, 2015
   Class C Shares                                  Contractual     2.75%      July 1, 2012    June 30, 2015
   Class R Shares                                  Contractual     2.25%      July 1, 2012    June 30, 2015
   Class R5 Shares                                 Contractual     1.75%      July 1, 2012    June 30, 2015
   Class S Shares                                  Contractual     1.90%      July 1, 2012    June 30, 2015
   Class Y Shares                                  Contractual     1.75%      July 1, 2012    June 30, 2015

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, 2015
   Class B Shares                                  Contractual     3.00%      May 1, 2012     June 30, 2015
   Class C Shares                                  Contractual     3.00%      May 1, 2012     June 30, 2015
   Class R Shares                                  Contractual     2.50%      May 1, 2012     June 30, 2015
   Class R5 Shares                                 Contractual     2.00%      May 1, 2012     June 30, 2015
   Class Y Shares                                  Contractual     2.00%      May 1, 2012     June 30, 2015

Invesco Mid Cap Core Equity Fund
   Class A Shares                                  Contractual     2.00%      July 1, 2009    June 30, 2015
   Class B Shares                                  Contractual     2.75%      July 1, 2009    June 30, 2015
   Class C Shares                                  Contractual     2.75%      July 1, 2009    June 30, 2015
   Class R Shares                                  Contractual     2.25%      July 1, 2009    June 30, 2015
   Class R5 Shares                                 Contractual     1.75%      July 1, 2009    June 30, 2015
   Class R6 Shares                                 Contractual     1.75%   September 24, 2012 June 30, 2015
   Class Y Shares                                  Contractual     1.75%      July 1, 2009    June 30, 2015
</TABLE>

See page 15 for footnotes to Exhibit A.

                                       7

<PAGE>

                                                             as of July 1, 2014

<TABLE>
<CAPTION>
                                                   CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF   EXPIRATION
FUND                                                VOLUNTARY   LIMITATION   CURRENT LIMIT        DATE
----                                               ------------ ---------- ------------------ -------------
<S>                                                <C>          <C>        <C>                <C>
Invesco Moderate Allocation Fund
   Class A Shares                                  Contractual     1.50%      July 1, 2012    June 30, 2015
   Class B Shares                                  Contractual     2.25%      July 1, 2012    June 30, 2015
   Class C Shares                                  Contractual     2.25%      July 1, 2012    June 30, 2015
   Class R Shares                                  Contractual     1.75%      July 1, 2012    June 30, 2015
   Class R5 Shares                                 Contractual     1.25%      July 1, 2012    June 30, 2015
   Class S Shares                                  Contractual     1.40%      July 1, 2012    June 30, 2015
   Class Y Shares                                  Contractual     1.25%      July 1, 2012    June 30, 2015

Invesco Small Cap Growth Fund
   Class A Shares                                  Contractual     2.00%      July 1, 2009    June 30, 2015
   Class B Shares                                  Contractual     2.75%      July 1, 2009    June 30, 2015
   Class C Shares                                  Contractual     2.75%      July 1, 2009    June 30, 2015
   Class R Shares                                  Contractual     2.25%      July 1, 2009    June 30, 2015
   Class R5 Shares                                 Contractual     1.75%      July 1, 2009    June 30, 2015
   Class R6 Shares                                 Contractual     1.75%   September 24, 2012 June 30, 2015
   Class Y Shares                                  Contractual     1.75%      July 1, 2009    June 30, 2015
   Investor Class Shares                           Contractual     2.00%      July 1, 2009    June 30, 2015

Invesco U.S. Mortgage Fund
   Class A Shares                                  Contractual     1.50%      July 1, 2012    June 30, 2015
   Class B Shares                                  Contractual     2.25%      July 1, 2012    June 30, 2015
   Class C Shares                                  Contractual     2.25%      July 1, 2012    June 30, 2015
   Class R5 Shares                                 Contractual     1.25%      July 1, 2012    June 30, 2015
   Class Y Shares                                  Contractual     1.25%      July 1, 2012    June 30, 2015
</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, 2015
   Class B Shares                              Contractual     3.00%      July 1, 2009      June 30, 2015
   Class C Shares                              Contractual     3.00%      July 1, 2009      June 30, 2015
   Class Y Shares                              Contractual     2.00%      July 1, 2009      June 30, 2015

Invesco European Growth Fund
   Class A Shares                              Contractual     2.25%      July 1, 2009      June 30, 2015
   Class B Shares                              Contractual     3.00%      July 1, 2009      June 30, 2015
   Class C Shares                              Contractual     3.00%      July 1, 2009      June 30, 2015
   Class R Shares                              Contractual     2.50%      July 1, 2009      June 30, 2015
   Class Y Shares                              Contractual     2.00%      July 1, 2009      June 30, 2015
   Investor Class Shares                       Contractual     2.25%      July 1, 2009      June 30, 2015

Invesco Global Growth Fund
   Class A Shares                              Contractual     2.25%    January 1, 2013     June 30, 2015
   Class B Shares                              Contractual     3.00%    January 1, 2013     June 30, 2015
   Class C Shares                              Contractual     3.00%    January 1, 2013     June 30, 2015
   Class R5 Shares                             Contractual     2.00%    January 1, 2013     June 30, 2015
   Class R6 Shares                             Contractual     2.00%    January 1, 2013     June 30, 2015
   Class Y Shares                              Contractual     2.00%    January 1, 2013     June 30, 2015

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
</TABLE>

See page 15 for footnotes to Exhibit A.

                                       8

<PAGE>

                                                             as of July 1, 2014

<TABLE>
<CAPTION>
                                                   CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF     EXPIRATION
FUND                                                VOLUNTARY   LIMITATION   CURRENT LIMIT          DATE
----                                               ------------ ---------- ------------------ -----------------
<S>                                                <C>          <C>        <C>                <C>
Invesco Global Small & Mid Cap Growth Fund
   Class A Shares                                  Contractual     2.25%      July 1, 2009      June 30, 2015
   Class B Shares                                  Contractual     3.00%      July 1, 2009      June 30, 2015
   Class C Shares                                  Contractual     3.00%      July 1, 2009      June 30, 2015
   Class R5 Shares                                 Contractual     2.00%      July 1, 2009      June 30, 2015
   Class Y Shares                                  Contractual     2.00%      July 1, 2009      June 30, 2015

Invesco International Core Equity Fund
   Class A Shares                                  Contractual     2.25%      July 1, 2009      June 30, 2015
   Class B Shares                                  Contractual     3.00%      July 1, 2009      June 30, 2015
   Class C Shares                                  Contractual     3.00%      July 1, 2009      June 30, 2015
   Class R Shares                                  Contractual     2.50%      July 1, 2009      June 30, 2015
   Class R5 Shares                                 Contractual     2.00%      July 1, 2009      June 30, 2015
   Class R6 Shares                                 Contractual     2.00%   September 24, 2012   June 30, 2015
   Class Y Shares                                  Contractual     2.00%      July 1, 2009      June 30, 2015
   Investor Class Shares                           Contractual     2.25%      July 1, 2009      June 30, 2015

Invesco International Growth Fund
   Class A Shares                                  Contractual     2.25%      July 1, 2013      June 30, 2015
   Class B Shares                                  Contractual     3.00%      July 1, 2013      June 30, 2015
   Class C Shares                                  Contractual     3.00%      July 1, 2013      June 30, 2015
   Class R Shares                                  Contractual     2.50%      July 1, 2013      June 30, 2015
   Class R5 Shares                                 Contractual     2.00%      July 1, 2013      June 30, 2015
   Class R6 Shares                                 Contractual     2.00%      July 1, 2013      June 30, 2015
   Class Y Shares                                  Contractual     2.00%      July 1, 2013      June 30, 2015

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, 2015
   Class B Shares                                  Contractual     2.75%      July 1, 2012      June 30, 2015
   Class C Shares                                  Contractual     2.75%      July 1, 2012      June 30, 2015
   Class R Shares                                  Contractual     2.25%      July 1, 2012      June 30, 2015
   Class R5 Shares                                 Contractual     1.75%      July 1, 2012      June 30, 2015
   Class R6 Shares                                 Contractual     1.75%   September 24, 2012   June 30, 2015
   Class Y Shares                                  Contractual     1.75%      July 1, 2012      June 30, 2015

Invesco Balanced-Risk Commodity Strategy Fund/4/
   Class A Shares                                  Contractual     2.00%      July 1, 2014      June 30, 2015
   Class B Shares                                  Contractual     2.75%      July 1, 2014      June 30, 2015
   Class C Shares                                  Contractual     2.75%      July 1, 2014      June 30, 2015
   Class R Shares                                  Contractual     2.25%      July 1, 2014      June 30, 2015
   Class R5 Shares                                 Contractual     1.75%      July 1, 2014      June 30, 2015
   Class R6 Shares                                 Contractual     1.75%      July 1, 2014      June 30, 2015
   Class Y Shares                                  Contractual     1.75%      July 1, 2014      June 30, 2015
</TABLE>

See page 15 for footnotes to Exhibit A.

                                       9

<PAGE>

                                                             as of July 1, 2014

<TABLE>
<CAPTION>
                                                   CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF     EXPIRATION
FUND                                                VOLUNTARY   LIMITATION   CURRENT LIMIT          DATE
----                                               ------------ ---------- ------------------ -----------------
<S>                                                <C>          <C>        <C>                <C>
Invesco China Fund
   Class A Shares                                  Contractual     2.25%      July 1, 2009      June 30, 2015
   Class B Shares                                  Contractual     3.00%      July 1, 2009      June 30, 2015
   Class C Shares                                  Contractual     3.00%      July 1, 2009      June 30, 2015
   Class R5 Shares                                 Contractual     2.00%      July 1, 2009      June 30, 2015
   Class Y Shares                                  Contractual     2.00%      July 1, 2009      June 30, 2015

Invesco Developing Markets Fund
   Class A Shares                                  Contractual     2.25%      July 1, 2012      June 30, 2015
   Class B Shares                                  Contractual     3.00%      July 1, 2012      June 30, 2015
   Class C Shares                                  Contractual     3.00%      July 1, 2012      June 30, 2015
   Class R5 Shares                                 Contractual     2.00%      July 1, 2012      June 30, 2015
   Class R6 Shares                                 Contractual     2.00%   September 24, 2012   June 30, 2015
   Class Y Shares                                  Contractual     2.00%      July 1, 2012      June 30, 2015

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, 2015
   Class B Shares                                  Contractual     2.75%      July 1, 2009      June 30, 2015
   Class C Shares                                  Contractual     2.75%      July 1, 2009      June 30, 2015
   Class R Shares                                  Contractual     2.25%      July 1, 2009      June 30, 2015
   Class R5 Shares                                 Contractual     1.75%      July 1, 2009      June 30, 2015
   Class R6 Shares                                 Contractual     1.75%   September 24, 2012   June 30, 2015
   Class Y Shares                                  Contractual     1.75%      July 1, 2009      June 30, 2015

Invesco Global Health Care Fund
   Class A Shares                                  Contractual     2.00%      July 1, 2012      June 30, 2015
   Class B Shares                                  Contractual     2.75%      July 1, 2012      June 30, 2015
   Class C Shares                                  Contractual     2.75%      July 1, 2012      June 30, 2015
   Class Y Shares                                  Contractual     1.75%      July 1, 2012      June 30, 2015
   Investor Class Shares                           Contractual     2.00%      July 1, 2012      June 30, 2015

Invesco Global Infrastructure Fund
   Class A Shares                                  Contractual     1.40%      May 2, 2014       May 31, 2015
   Class C Shares                                  Contractual     2.15%      May 2, 2014       May 31, 2015
   Class R Shares                                  Contractual     1.65%      May 2, 2014       May 31, 2015
   Class Y Shares                                  Contractual     1.15%      May 2, 2014       May 31, 2015
   Class R5 Shares                                 Contractual     1.15%      May 2, 2014       May 31, 2015
   Class R6 Shares                                 Contractual     1.15%      May 2, 2014       May 31, 2015

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
</TABLE>

See page 15 for footnotes to Exhibit A.

                                      10

<PAGE>

                                                             as of July 1, 2014

<TABLE>
<CAPTION>
                                                   CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF     EXPIRATION
FUND                                                VOLUNTARY   LIMITATION   CURRENT LIMIT          DATE
----                                               ------------ ---------- ------------------ -----------------
<S>                                                <C>          <C>        <C>                <C>
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/6/
   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

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
</TABLE>

See page 15 for footnotes to Exhibit A.

                                      11

<PAGE>

                                                             as of July 1, 2014

<TABLE>
<CAPTION>
                                                   CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF     EXPIRATION
FUND                                                VOLUNTARY   LIMITATION   CURRENT LIMIT          DATE
----                                               ------------ ---------- ------------------ -----------------
<S>                                                <C>          <C>        <C>                <C>
Invesco Pacific Growth Fund
   Class A Shares                                  Contractual     2.25%      July 1, 2012      June 30, 2015
   Class B Shares                                  Contractual     3.00%      July 1, 2012      June 30, 2015
   Class C Shares                                  Contractual     3.00%      July 1, 2012      June 30, 2015
   Class R Shares                                  Contractual     2.50%      July 1, 2012      June 30, 2015
   Class R5 Shares                                 Contractual     2.00%      July 1, 2012      June 30, 2015
   Class Y Shares                                  Contractual     2.00%      July 1, 2012      June 30, 2015

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, 2015
   Class B Shares                                  Contractual     2.75%      July 1, 2009      June 30, 2015
   Class C Shares                                  Contractual     2.75%      July 1, 2009      June 30, 2015
   Class R Shares                                  Contractual     2.25%      July 1, 2009      June 30, 2015
   Class R5 Shares                                 Contractual     1.75%      July 1, 2009      June 30, 2015
   Class Y Shares                                  Contractual     1.75%      July 1, 2009      June 30, 2015

Invesco Strategic Income Fund
   Class A Shares                                  Contractual     0.82%      May 2, 2014       May 31, 2015
   Class C Shares                                  Contractual     1.57%      May 2, 2014       May 31, 2015
   Class R Shares                                  Contractual     1.07%      May 2, 2014       May 31, 2015
   Class Y Shares                                  Contractual     0.57%      May 2, 2014       May 31, 2015
   Class R5 Shares                                 Contractual     0.57%      May 2, 2014       May 31, 2015
   Class R6 Shares                                 Contractual     0.57%      May 2, 2014       May 31, 2015
</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, 2015
   Class B Shares                                      Contractual     2.25%      July 1, 2012    June 30, 2015
   Class C Shares                                      Contractual     2.25%      July 1, 2012    June 30, 2015
   Class R Shares                                      Contractual     1.75%      July 1, 2012    June 30, 2015
   Class R5 Shares                                     Contractual     1.25%      July 1, 2012    June 30, 2015
   Class R6 Shares                                     Contractual     1.25%   September 24, 2012 June 30, 2015
   Class Y Shares                                      Contractual     1.25%      July 1, 2012    June 30, 2015

Invesco Global Real Estate Fund
   Class A Shares                                      Contractual     2.00%      July 1, 2009    June 30, 2015
   Class B Shares                                      Contractual     2.75%      July 1, 2009    June 30, 2015
   Class C Shares                                      Contractual     2.75%      July 1, 2009    June 30, 2015
   Class R Shares                                      Contractual     2.25%      July 1, 2009    June 30, 2015
   Class R5 Shares                                     Contractual     1.75%      July 1, 2009    June 30, 2015
   Class R6 Shares                                     Contractual     1.75%   September 24, 2012 June 30, 2015
   Class Y Shares                                      Contractual     1.75%      July 1, 2009    June 30, 2015

Invesco High Yield Fund
   Class A Shares                                      Contractual     1.50%      July 1, 2013    June 30, 2015
   Class B Shares                                      Contractual     2.25%      July 1, 2013    June 30, 2015
   Class C Shares                                      Contractual     2.25%      July 1, 2013    June 30, 2015
   Class R5 Shares                                     Contractual     1.25%      July 1, 2013    June 30, 2015
   Class R6 Shares                                     Contractual     1.25%      July 1, 2013    June 30, 2015
   Class Y Shares                                      Contractual     1.25%      July 1, 2013    June 30, 2015
   Investor Class Shares                               Contractual     1.50%      July 1, 2013    June 30, 2015
</TABLE>

See page 15 for footnotes to Exhibit A.

                                      12

<PAGE>

                                                             as of July 1, 2014

<TABLE>
<CAPTION>
                                                       CONTRACTUAL/  EXPENSE    EFFECTIVE DATE OF   EXPIRATION
FUND                                                    VOLUNTARY   LIMITATION    CURRENT LIMIT        DATE
----                                                   ------------ ----------  ------------------ -------------
<S>                                                    <C>          <C>         <C>                <C>
Invesco Limited Maturity Treasury Fund
   Class A Shares                                      Contractual      1.50%      July 1, 2012    June 30, 2015
   Class A2 Shares                                     Contractual      1.40%      July 1, 2012    June 30, 2015
   Class R5 Shares                                     Contractual      1.25%      July 1, 2012    June 30, 2015
   Class Y Shares                                      Contractual      1.25%      July 1, 2012    June 30, 2015

Invesco Real Estate Fund
   Class A Shares                                      Contractual      2.00%      July 1, 2012    June 30, 2015
   Class B Shares                                      Contractual      2.75%      July 1, 2012    June 30, 2015
   Class C Shares                                      Contractual      2.75%      July 1, 2012    June 30, 2015
   Class R Shares                                      Contractual      2.25%      July 1, 2012    June 30, 2015
   Class R5 Shares                                     Contractual      1.75%      July 1, 2012    June 30, 2015
   Class R6 Shares                                     Contractual      1.75%   September 24, 2012 June 30, 2015
   Class Y Shares                                      Contractual      1.75%      July 1, 2012    June 30, 2015
   Investor Class Shares                               Contractual      2.00%      July 1, 2012    June 30, 2015

Invesco Short Term Bond Fund
   Class A Shares                                      Contractual      1.40%      July 1, 2013    June 30, 2015
   Class C Shares                                      Contractual     1.75%/2/    July 1, 2013    June 30, 2015
   Class R Shares                                      Contractual      1.75%      July 1, 2013    June 30, 2015
   Class R5 Shares                                     Contractual      1.25%      July 1, 2013    June 30, 2015
   Class R6 Shares                                     Contractual      1.25%      July 1, 2013    June 30, 2015
   Class Y Shares                                      Contractual      1.25%      July 1, 2013    June 30, 2015

Invesco U.S. Government Fund
   Class A Shares                                      Contractual      1.50%      July 1, 2012    June 30, 2015
   Class B Shares                                      Contractual      2.25%      July 1, 2012    June 30, 2015
   Class C Shares                                      Contractual      2.25%      July 1, 2012    June 30, 2015
   Class R Shares                                      Contractual      1.75%      July 1, 2012    June 30, 2015
   Class R5 Shares                                     Contractual      1.25%      July 1, 2012    June 30, 2015
   Class Y Shares                                      Contractual      1.25%      July 1, 2012    June 30, 2015
   Investor Class Shares                               Contractual      1.50%      July 1, 2012    June 30, 2015
</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, 2015
   Class B Shares                                      Contractual     2.75%      July 1, 2013    June 30, 2015
   Class C Shares                                      Contractual     2.75%      July 1, 2013    June 30, 2015
   Class R Shares                                      Contractual     2.25%      July 1, 2013    June 30, 2015
   Class R5 Shares                                     Contractual     1.75%      July 1, 2013    June 30, 2015
   Class R6 Shares                                     Contractual     1.75%      July 1, 2013    June 30, 2015
   Class Y Shares                                      Contractual     1.75%      July 1, 2013    June 30, 2015

Invesco Comstock Fund
   Class A Shares                                      Contractual     2.00%      July 1, 2012    June 30, 2015
   Class B Shares                                      Contractual     2.75%      July 1, 2012    June 30, 2015
   Class C Shares                                      Contractual     2.75%      July 1, 2012    June 30, 2015
   Class R Shares                                      Contractual     2.25%      July 1, 2012    June 30, 2015
   Class R5 Shares                                     Contractual     1.75%      July 1, 2012    June 30, 2015
   Class R6 Shares                                     Contractual     1.75%   September 24, 2012 June 30, 2015
   Class Y Shares                                      Contractual     1.75%      July 1, 2012    June 30, 2015

Invesco Energy Fund
   Class A Shares                                      Contractual     2.00%      July 1, 2009    June 30, 2015
   Class B Shares                                      Contractual     2.75%      July 1, 2009    June 30, 2015
   Class C Shares                                      Contractual     2.75%      July 1, 2009    June 30, 2015
   Class R5 Shares                                     Contractual     1.75%      July 1, 2009    June 30, 2015
   Class Y Shares                                      Contractual     1.75%      July 1, 2009    June 30, 2015
   Investor Class Shares                               Contractual     2.00%      July 1, 2009    June 30, 2015
</TABLE>

See page 15 for footnotes to Exhibit A.

                                      13

<PAGE>

                                                             as of July 1, 2014

<TABLE>
<CAPTION>
                                                       CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF   EXPIRATION
FUND                                                    VOLUNTARY   LIMITATION   CURRENT LIMIT        DATE
----                                                   ------------ ---------- ----------------- ---------------
<S>                                                    <C>          <C>        <C>               <C>
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 Dividend Income Fund
   Class A Shares                                      Contractual     1.14%   September 1, 2014 August 31, 2015
   Class B Shares                                      Contractual     1.89%   September 1, 2014 August 31, 2015
   Class C Shares                                      Contractual     1.89%   September 1, 2014 August 31, 2015
   Class R5 Shares                                     Contractual     0.89%   September 1, 2014 August 31, 2015
   Class R6 Shares                                     Contractual     0.89%   September 1, 2014 August 31, 2015
   Class Y Shares                                      Contractual     0.89%   September 1, 2014 August 31, 2015
   Investor Class Shares                               Contractual     1.14%   September 1, 2014 August 31, 2015

Invesco Gold & Precious Metals Fund
   Class A Shares                                      Contractual     2.00%     July 1, 2009     June 30, 2015
   Class B Shares                                      Contractual     2.75%     July 1, 2009     June 30, 2015
   Class C Shares                                      Contractual     2.75%     July 1, 2009     June 30, 2015
   Class Y Shares                                      Contractual     1.75%     July 1, 2009     June 30, 2015
   Investor Class Shares                               Contractual     2.00%     July 1, 2009     June 30, 2015

Invesco Mid Cap Growth Fund
   Class A Shares                                      Contractual     1.15%     July 15, 2013   August 31, 2015
   Class B Shares                                      Contractual     1.90%     July 15, 2013   August 31, 2015
   Class C Shares                                      Contractual     1.90%     July 15, 2013   August 31, 2015
   Class R Shares                                      Contractual     1.40%     July 15, 2013   August 31, 2015
   Class R5 Shares                                     Contractual     0.90%     July 15, 2013   August 31, 2015
   Class R6 Shares                                     Contractual     0.90%     July 15, 2013   August 31, 2015
   Class Y Shares                                      Contractual     0.90%     July 15, 2013   August 31, 2015

Invesco Small Cap Value Fund
   Class A Shares                                      Contractual     2.00%     July 1, 2012     June 30, 2015
   Class B Shares                                      Contractual     2.75%     July 1, 2012     June 30, 2015
   Class C Shares                                      Contractual     2.75%     July 1, 2012     June 30, 2015
   Class Y Shares                                      Contractual     1.75%     July 1, 2012     June 30, 2015

Invesco Technology Fund
   Class A Shares                                      Contractual     2.00%     July 1, 2012     June 30, 2015
   Class B Shares                                      Contractual     2.75%     July 1, 2012     June 30, 2015
   Class C Shares                                      Contractual     2.75%     July 1, 2012     June 30, 2015
   Class R5 Shares                                     Contractual     1.75%     July 1, 2012     June 30, 2015
   Class Y Shares                                      Contractual     1.75%     July 1, 2012     June 30, 2015
   Investor Class Shares                               Contractual     2.00%     July 1, 2012     June 30, 2015

Invesco Technology Sector Fund
   Class A Shares                                      Contractual     2.00%   February 12, 2010  June 30, 2015
   Class B Shares                                      Contractual     2.75%   February 12, 2010  June 30, 2015
   Class C Shares                                      Contractual     2.75%   February 12, 2010  June 30, 2015
   Class Y Shares                                      Contractual     1.75%   February 12, 2010  June 30, 2015

Invesco Value Opportunities Fund
   Class A Shares                                      Contractual     2.00%     July 1, 2012     June 30, 2015
   Class B Shares                                      Contractual     2.75%     July 1, 2012     June 30, 2015
   Class C Shares                                      Contractual     2.75%     July 1, 2012     June 30, 2015
   Class R Shares                                      Contractual     2.25%     July 1, 2012     June 30, 2015
   Class R5 Shares                                     Contractual     1.75%     July 1, 2012     June 30, 2015
   Class Y Shares                                      Contractual     1.75%     July 1, 2012     June 30, 2015
</TABLE>

See page 15 for footnotes to Exhibit A.

                                      14

<PAGE>

                                                             as of July 1, 2014


                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, 2015
   Class B Shares                                  Contractual     2.25%     July 1, 2012    June 30, 2015
   Class C Shares                                  Contractual     2.25%     July 1, 2012    June 30, 2015
   Class R5 Shares                                 Contractual     1.25%     July 1, 2012    June 30, 2015
   Class Y Shares                                  Contractual     1.25%     July 1, 2012    June 30, 2015

Invesco Intermediate Term Municipal Income Fund
   Class A Shares                                  Contractual     0.80%     July 1, 2013    June 30, 2015
   Class B Shares                                  Contractual     1.55%     July 1, 2013    June 30, 2015
   Class C Shares                                  Contractual     1.55%     July 1, 2013    June 30, 2015
   Class Y Shares                                  Contractual     0.55%     July 1, 2013    June 30, 2015

Invesco Municipal Income Fund
   Class A Shares                                  Contractual     1.50%     July 1, 2013    June 30, 2015
   Class B Shares                                  Contractual     2.25%     July 1, 2013    June 30, 2015
   Class C Shares                                  Contractual     2.25%     July 1, 2013    June 30, 2015
   Class Y Shares                                  Contractual     1.25%     July 1, 2013    June 30, 2015
   Investor Class                                  Contractual     1.50%     July 15, 2013   June 30, 2015

Invesco New York Tax Free Income Fund
   Class A Shares                                  Contractual     1.50%     July 1, 2012    June 30, 2015
   Class B Shares                                  Contractual     2.25%     July 1, 2012    June 30, 2015
   Class C Shares                                  Contractual     2.25%     July 1, 2012    June 30, 2015
   Class Y Shares                                  Contractual     1.25%     July 1, 2012    June 30, 2015

Invesco Tax-Free Intermediate Fund
   Class A Shares                                  Contractual     1.50%     July 1, 2012    June 30, 2015
   Class A2 Shares                                 Contractual     1.25%     July 1, 2012    June 30, 2015
   Class C Shares                                  Contractual     2.25%     June 30, 2013   June 30, 2015
   Class R5 Shares                                 Contractual     1.25%     July 1, 2012    June 30, 2015
   Class Y Shares                                  Contractual     1.25%     July 1, 2012    June 30, 2015
</TABLE>

                           INVESCO MANAGEMENT TRUST

<TABLE>
<CAPTION>
                                                      CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF  EXPIRATION
FUND                                                   VOLUNTARY   LIMITATION   CURRENT LIMIT       DATE
----                                                  ------------ ---------- ----------------- -------------
<S>                                                   <C>          <C>        <C>               <C>
Invesco Conservative Income Fund
   Institutional Class                                Contractual     0.28%     June 26, 2014   June 30, 2015
</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.
/6/  Includes waived fees or reimbursed expenses that Invesco receives from
     Invesco Cayman Commodity Fund VII, Ltd.

                                      15

<PAGE>

                                                             as of July 1, 2014

              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 July 1, 2014

                    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     2.00%     July 1, 2014    June 30, 2015
   Series II Shares                            Contractual     2.25%     July 1, 2014    June 30, 2015

Invesco V.I. American Value Fund
   Series I Shares                             Contractual     2.00%     July 1, 2012    June 30, 2015
   Series II Shares                            Contractual     2.25%     July 1, 2012    June 30, 2015

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, 2015
   Series II Shares                            Contractual     2.25%     May 1, 2013     June 30, 2015

Invesco V.I. Diversified Dividend Fund
   Series I Shares                             Contractual     2.00%     May 1, 2013     June 30, 2015
   Series II Shares                            Contractual     2.25%     May 1, 2013     June 30, 2015

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, 2015
   Series II Shares                            Contractual     2.25%     July 1, 2012    June 30, 2015

Invesco V.I. Equity and Income Fund
   Series I Shares                             Contractual     1.50%     July 1, 2012    June 30, 2015
   Series II Shares                            Contractual     1.75%     July 1, 2012    June 30, 2015

Invesco V.I. Global Core Equity Fund
   Series I Shares                             Contractual     2.25%     July 1, 2012    June 30, 2015
   Series II Shares                            Contractual     2.50%     July 1, 2012    June 30, 2015
</TABLE>

/1/  Includes waived fees or reimbursed expenses that Invesco receives from
     Invesco Cayman Commodity Fund IV, Ltd.

                                      17

<PAGE>

                                                             as of July 1, 2014

<TABLE>
<CAPTION>
                                         CONTRACTUAL/  EXPENSE   EFFECTIVE DATE OF   EXPIRATION
FUND                                      VOLUNTARY   LIMITATION   CURRENT LIMIT        DATE
----                                     ------------ ---------- ----------------- --------------
<S>                                      <C>          <C>        <C>               <C>
Invesco V.I. Global Health Care Fund
   Series I Shares                       Contractual     2.00%     May 1, 2013     June 30, 2015
   Series II Shares                      Contractual     2.25%     May 1, 2013     June 30, 2015

Invesco V.I. Global Real Estate Fund
   Series I Shares                       Contractual     2.00%     May 1, 2013     June 30, 2015
   Series II Shares                      Contractual     2.25%     May 1, 2013     June 30, 2015

Invesco V.I. Government Securities Fund
   Series I Shares                       Contractual     1.50%     May 1, 2013     June 30, 2015
   Series II Shares                      Contractual     1.75%     May 1, 2013     June 30, 2015

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     1.50%     May 1, 2014     June 30, 2015
   Series II Shares                      Contractual     1.75%     May 1, 2014     June 30, 2015

Invesco V.I. International Growth Fund
   Series I Shares                       Contractual     2.25%     July 1, 2012    June 30, 2015
   Series II Shares                      Contractual     2.50%     July 1, 2012    June 30, 2015

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. Mid Cap Core Equity Fund
   Series I Shares                       Contractual     2.00%     May 1, 2013     June 30, 2015
   Series II Shares                      Contractual     2.25%     May 1, 2013     June 30, 2015

Invesco V.I. Mid Cap Growth Fund
   Series I Shares                       Contractual     2.00%     July 1, 2014    June 30, 2015
   Series II Shares                      Contractual     2.25%     July 1, 2014    June 30, 2015

Invesco V.I. Money Market Fund
   Series I Shares                       Contractual     1.50%     May 1, 2013     June 30, 2015
   Series II Shares                      Contractual     1.75%     May 1, 2013     June 30, 2015

Invesco V.I. S&P 500 Index Fund
   Series I Shares                       Contractual     2.00%     July 1, 2012    June 30, 2015
   Series II Shares                      Contractual     2.25%     July 1, 2012    June 30, 2015
</TABLE>

                                      18

<PAGE>

                                                             as of July 1, 2014

<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, 2015
   Series II Shares                    Contractual     2.25%      May 1, 2013    June 30, 2015

Invesco V.I. Technology Fund
   Series I Shares                     Contractual     2.00%      May 1, 2013    June 30, 2015
   Series II Shares                    Contractual     2.25%      May 1, 2013    June 30, 2015

Invesco V.I. Value Opportunities Fund
   Series I Shares                     Contractual     2.00%      May 1, 2013    June 30, 2015
   Series II Shares                    Contractual     2.25%      May 1, 2013    June 30, 2015
</TABLE>

                                      19

<PAGE>

                                                             as of July 1, 2014

                        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>
