Invesco Canada Ltd

5. Fees and Compensation
    Description
       For the vast majority of its mandates, Invesco Canada is compensated for its
       services by way of an asset-based fee.
       Attached as Appendix 1 is Invesco Canada’s asset-based fee schedule by
       mandate offered, setting forth the maximum fee that it charges. This fee may
       be negotiated by the client based on the account type, type of business, size
       of account, geographic location and other factors. The maximum fees listed
       in Appendix 1 do not apply to fees that Invesco Canada charges to Canadian
       prospectus investment funds that are managed by Invesco Canada (“Invesco

      Canadian Funds”), which constitute the majority of its business, because it is
      also the manager of those funds and, therefore, the fee charged to the
      Invesco Canadian Funds are a management and advisory fee, rather than an
      advisory fee alone. As such, certain series of the Invesco Canadian Funds
      may charge management and advisory fees that are higher than the fees set
      out in Appendix 1.
      For all series of Invesco Canadian Funds (other than Series I and O
      securities) and for exchange-traded funds that are managed by Invesco
      Canada (“Invesco ETFs”), fees are charged to the Invesco Canadian Funds
      and Invesco ETFs and deducted from the funds. For Series I and O of
      Invesco Canadian Funds, fees are either deducted from the client’s account
      or billed to the client and paid directly to Invesco Canada. Fees are billed
      either monthly or quarterly.
      Certain series of Invesco Canadian Funds also bear operating expenses. A
      part of these operating expenses may be expenses charged by Invesco
      Canada to the Invesco Canadian Funds on a cost recovery basis. Certain
      series of Invesco Canadian Funds do not bear operating expenses, rather
      Invesco Canada charges those series of Invesco Canadian Funds a fixed-rate
      expense fee. All Invesco ETFs may bear limited operating expenses.
      All Canadian clients (including Invesco Canadian Funds) are responsible for
      their own transaction costs including brokerage costs. For a discussion of its
      brokerage practices, please refer to section 12 – Brokerage Practices, of this
      form.
      In no instances does Invesco Canada require that clients pay fees in
      advance. Further, no individual involved in portfolio management receives
      compensation based on the sale of securities or other investment products.

7. Types of Clients
    Description
       Invesco Canada primarily provides investment advice to the Canadian Funds.
       In addition, Invesco Canada provides investment advice to investment
       companies, charitable organizations, pension plans, endowments, charities
       and corporations, banks, pooled investment vehicles, provincial or municipal
       government entities and insurance companies. Those clients can buy either
       an existing product or can have a separately managed account.

    Account Minimums
       Minimum investments in Canadian Funds range from $500 to $100,000,
       depending on the series of shares or units purchased.
       For institutional clients who use an investment pool, a minimum purchase is
       typically $1,000,000. This account minimum can be waived at Invesco

                Canada’s discretion. For clients that enter into sub-advisory arrangements or
                obtain advice through separately managed accounts, minimums are
                established by the applicable Invesco investment team on such arrangement
                and can vary from one strategy to another. Our typical minimum for a
                separately managed account mandate is $25 million.