POWER OF ATTORNEY
The undersigned trustee of 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 INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS), AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS), AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS), AIM SECTOR FUNDS (INVESCO SECTOR FUNDS), AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXMPT FUNDS) and AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS), each a Delaware statutory trust (each a “Registrant”, together the “Registrants”), hereby appoints PHILIP A. TAYLOR and JOHN M. ZERR (with full power to each of them to act alone) as his attorney-in-fact and agent, in all capacities, to execute, deliver and file in the name of the undersigned, any and all instruments that said attorneys and agents may deem necessary or advisable to enable each Registrant to comply with or register any security issued by the Registrant under the Securities Act of 1933, as amended, and/or the Investment Company Act of 1940, as amended, and the rules, regulations and interpretations thereunder, with respect to each Registrant’s Registration Statement on Form N-14 with respect to the proposed reorganizations listed on Exhibit A, attached hereto, including any and all pre- and post-effective amendments thereto, any other document to be filed with the U.S. Securities and Exchange Commission and any and all documents required to be filed with respect thereto with any other regulatory authority. The undersigned grants to each of said attorneys, full authority to do every act necessary to be done in order to effectuate the same as fully, to all intents and purposes, as he could do if personally present, thereby ratifying all that said attorneys-in-fact and agents may lawfully do or cause to be done by virtue hereof.
Except as otherwise specifically provided herein, the power of attorney granted herein shall not in any manner revoke in whole or in part any power of attorney that each person whose signature appears below has previously executed. This power of attorney shall not be revoked by any subsequent power of attorney each person whose signature below may execute, unless such subsequent power specifically refers to this power of attorney or specifically states that the instrument is intended to revoke all prior general powers of attorney or all prior powers of attorney.
This Power of Attorney may be executed in one or more counterparts, each of which shall be deemed to be an original and all of which shall be deemed to be a single document.
CAUTION TO THE PRINCIPAL:
Your Power of Attorney is an important document. As the “principal,” you give the person whom you choose (your “agent”) authority to spend your money and sell or dispose of your property during your lifetime without telling you. You do not lose your authority to act even though you have given your agent similar authority.
When your agent exercises this authority, he or she must act according to any instructions you have provided or, where there are no specific instructions, in your best interest. “Important Information for the Agent” at the end of this document describes your agent’s responsibilities.
Your agent can act on your behalf only after signing the Power of Attorney before a notary public.
You can request information from your agent at any time. If you are revoking a prior Power of Attorney by executing this Power of Attorney, you should provide written notice of the revocation to your prior agent(s) and to the financial institutions where your accounts are located.
You can revoke or terminate your Power of Attorney at any time for any reason as long as you are of sound mind. If you are no longer of sound mind, a court can remove an agent for acting improperly.
Your agent cannot make health care decisions for you. You may execute a “Health Care Proxy” to do this.
The law governing Powers of Attorney is contained in the New York General Obligations Law, Article 5, Title 15. This law is available at a law library, or online through the New York State Senate or Assembly websites, www.senate.state.ny.us or www.assembly.state.ny.us.
If there is anything about this document that you do not understand, you should ask a lawyer of your own choosing to explain it to you.
The undersigned trustee hereby executes this Power of Attorney as of the 8th day of November, 2010.
| /s/ Carl Frischling | ||||
| Carl Frischling | ||||
EXHIBIT A
AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
| Target Fund | Acquiring Fund | |
| Invesco Van Kampen California Insured Tax Free Fund | Invesco California Tax-Free Income Fund | |
| Invesco Core Bond Fund | Invesco Core Plus Bond Fund | |
| Invesco Van Kampen Core Plus Fixed Income Fund | Invesco Core Plus Bond Fund | |
| Invesco Select Equity Fund | Invesco Structured Core Fund | |
| Invesco Van Kampen Equity Premium Income Fund | Invesco Structured Core Fund | |
| Invesco Large Cap Growth Fund | Invesco Van Kampen American Franchise Fund | |
| Invesco Van Kampen Capital Growth Fund | Invesco Van Kampen American Franchise Fund | |
| Invesco Van Kampen Enterprise Fund | Invesco Van Kampen American Franchise Fund | |
| Invesco Balanced Fund | Invesco Van Kampen Equity and Income Fund | |
| Invesco Basic Balanced Fund | Invesco Van Kampen Equity and Income Fund | |
| Invesco Fundamental Value Fund | Invesco Van Kampen Growth and Income Fund | |
| Invesco Large Cap Relative Value Fund | Invesco Van Kampen Growth and Income Fund |
AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
| Target Fund | Acquiring Fund | |
| Invesco Multi-Sector Fund | Invesco Charter Fund | |
| Invesco Dividend Growth Securities Fund | Invesco Diversified Dividend Fund | |
| Invesco Van Kampen Core Equity Fund | Invesco Diversified Dividend Fund | |
| Invesco Financial Services Fund | Invesco Diversified Dividend Fund |
AIM FUNDS GROUP (INVESCO FUNDS GROUP)
| Target Fund | Acquiring Fund | |
| Invesco Global Dividend Growth Securities Fund | Invesco Global Core Equity Fund | |
| Invesco Van Kampen Global Equity Allocation Fund | Invesco Global Core Equity Fund | |
| Invesco Global Fund | Invesco Global Core Equity Fund | |
| Invesco Van Kampen Global Franchise Fund | Invesco Global Core Equity Fund |
AIM GROWTH SERIES (INVESCO GROWTH SERIES)
| Target Fund | Acquiring Fund | |
| Invesco Balanced-Risk Retirement 2010 Fund | Invesco Balanced-Risk Now Fund | |
| Invesco Van Kampen Harbor Fund | Invesco Convertible Securities Fund | |
| Invesco Moderate Growth Allocation Fund | Invesco Growth Allocation Fund | |
| Invesco Van Kampen Asset Allocation Growth Fund | Invesco Growth Allocation Fund | |
| Invesco Van Kampen Asset Allocation Moderate Fund | Invesco Moderate Allocation Fund | |
| Invesco Conservative Allocation Fund | Invesco Moderately Conservative Allocation Fund | |
| Invesco Van Kampen Asset Allocation Conservative Fund | Invesco Moderately Conservative Allocation Fund |
AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
| Target Fund | Acquiring Fund | |
| Invesco Commodities Strategy Fund | Invesco Balanced-Risk Commodity Strategy Fund | |
| Invesco Van Kampen Emerging Markets Fund | Invesco Developing Markets Fund | |
| Invesco Health Sciences Fund | Invesco Global Health Care | |
| Invesco Japan Fund | Invesco Pacific Growth Fund |
AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)
| Target Fund | Acquiring Fund | |
| Invesco Global Advantage Fund | Invesco Global Growth Fund | |
| Invesco Van Kampen International Advantage Fund | Invesco International Growth Fund | |
| Invesco Van Kampen International Growth Fund | Invesco International Growth Fund |
AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
| Target Fund | Acquiring Fund | |
| Invesco Van Kampen High Yield Fund | Invesco High Yield Fund | |
| Invesco Van Kampen Real Estate Securities Fund | Invesco Real Estate Fund | |
| Invesco LIBOR Alpha Fund | Invesco Short Term Bond Fund | |
| Invesco Van Kampen Limited Duration Fund | Invesco Short Term Bond Fund | |
| Invesco Van Kampen Government Securities Fund | Invesco U.S. Government Fund | |
| Invesco Income Fund | Invesco Van Kampen Corporate Bond Fund |
AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
| Target Fund | Acquiring Fund | |
| Invesco Technology Sector Fund | Invesco Technology Fund | |
| Invesco Van Kampen Technology Fund | Invesco Technology Fund | |
| Invesco Van Kampen Utility Fund | Invesco Utilities Fund | |
| Invesco Mid Cap Basic Value Fund | Invesco Van Kampen American Value Fund | |
| Invesco Mid-Cap Value Fund | Invesco Van Kampen American Value Fund | |
| Invesco Large Cap Basic Value Fund | Invesco Van Kampen Comstock Fund | |
| Invesco Value Fund | Invesco Van Kampen Comstock Fund | |
| Invesco Value Fund II | Invesco Van Kampen Comstock Fund | |
| Invesco Small-Mid Special Value Fund | Invesco Van Kampen Small Cap Value Fund | |
| Invesco Special Value Fund | Invesco Van Kampen Small Cap Value Fund | |
| Invesco US Small Cap Value Fund | Invesco Van Kampen Small Cap Value Fund | |
| Invesco US Small/Mid Cap Value Fund | Invesco Van Kampen Small Cap Value Fund | |
| Invesco Basic Value Fund | Invesco Van Kampen Value Opportunities Fund |
AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXMPT FUNDS)
| Target Fund | Acquiring Fund | |
| Invesco Municipal Fund | Invesco Van Kampen Intermediate Term Municipal Income Fund | |
| Invesco Tax-Exempt Securities Fund | Invesco Van Kampen Municipal Income Fund | |
| Invesco Van Kampen Insured Tax Free Income Fund | Invesco Van Kampen Municipal Income Fund | |
| Invesco New York Tax-Free Income Fund | Invesco Van Kampen New York Tax Free Income Fund |
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
| Target Fund | Acquiring Fund | |
| Invesco Van Kampen V.I. Global Tactical Asset Allocation Fund | Invesco V.I. Balanced-Risk Allocation Fund | |
| Invesco V.I. Global Multi-Asset Fund | Invesco V.I. Balanced-Risk Allocation Fund | |
| Invesco V.I. Dynamics Fund | Invesco V.I. Capital Development Fund | |
| Invesco V.I. Financial Services Fund | Invesco V.I. Dividend Growth Fund | |
| Invesco V.I. Select Dimensions Dividend Growth Fund | Invesco V.I. Dividend Growth Fund | |
| Invesco Van Kampen V.I. Government Fund | Invesco V.I. Government Securities Fund | |
| Invesco Van Kampen V.I. High Yield Fund | Invesco V.I. High Yield Fund | |
| Invesco Van Kampen V.I. International Growth Equity Fund | Invesco V.I. International Growth Fund | |
| Invesco V.I. Large Cap Growth Fund | Invesco Van Kampen V.I. Capital Growth Fund | |
| Invesco Van Kampen V.I. Value Fund | Invesco Van Kampen V.I. Comstock Fund | |
| Invesco V.I. Basic Balanced Fund | Invesco Van Kampen V.I. Equity and Income Fund | |
| Invesco V.I. Income Builder Fund | Invesco Van Kampen V.I. Equity and Income Fund | |
| Invesco V.I. Select Dimensions Balanced Fund | Invesco Van Kampen V.I. Equity and Income Fund | |
| Invesco V.I. Global Dividend Growth Fund | Invesco Van Kampen V.I. Global Value Equity Fund |