Common use of Supervisory and Administrative Services Clause in Contracts

Supervisory and Administrative Services. Subject to the general supervision of the Board of Trustees, PIMCO shall provide or cause to be furnished all supervisory and administrative and other services reasonably necessary for the operation of the Funds, but not including the distribution services provided by the Distributor pursuant to its Distribution Contract with the Trust. (a) The supervisory and administrative services to be provided by PIMCO shall include the following: (i) PIMCO shall supervise and coordinate matters relating to the operation of the Funds, including the custodian, transfer agent, dividend disbursing agent, and recordkeeping agent (including pricing and valuation of the Funds), accountants, attorneys, and other parties performing services or operational functions for the Funds. In connection with the supervision of the pricing and valuation of the Funds, PIMCO shall establish such systems and procedures as are necessary to carry out this function, including systems and procedures relating to defaulted securities; forensic reporting and monitoring of securities and derivatives pricing, including checks and balances against internal models and external pricing services; tracking and reviewing fair valued securities; supervising pricing vendors; monitoring for significant events occurring after the close of trading that may affect the value of portfolio holdings; and establishing net asset value estimation processes in the event the custodian cannot produce a net asset value for Shares of a Fund. (ii) PIMCO shall provide the Funds, at PIMCO's expense, with adequate personnel, office space, communications facilities, and other facilities necessary for the effective supervision and administration of the Funds as contemplated in this Agreement as well as provide the Funds, at PIMCO's expense, with the services of a sufficient number of persons competent to perform such supervisory and administrative and clerical functions as are necessary to ensure compliance with federal securities laws and other applicable laws. (iii) PIMCO shall maintain or supervise the maintenance by third parties of such books and records of the Trust and the Funds as may be required by applicable federal or state law. (iv) PIMCO shall prepare or supervise the preparation by third parties of all federal, state, local, and foreign tax returns and reports of the Funds required by applicable law. (v) PIMCO shall prepare, file, and arrange for the distribution of proxy materials and periodic reports to shareholders of the Funds as required by applicable law. (vi) PIMCO shall prepare and arrange for the filing of such registration statements and other documents with the SEC and other federal and state or other regulatory authorities as may be required to register the Shares of the Funds and qualify the Trust to do business or as otherwise required by applicable law. PIMCO shall maintain registration of the Funds' Shares in such other jurisdictions as it deems necessary and appropriate. PIMCO shall maintain a review and certification program and internal controls and procedures in accordance with relevant provisions of the Sarbanes Oxley Act of 2002 as applicable to registered investment companies. PIMCO shall maintain systems necessary to provide or procure required disclosure in the Funds' registration statements, shareholder reports, proxy statements, and similar regulatory documents, and Fund proxy voting information. (vii) PIMCO shall take such other action with respect to the Funds as may be required by applicable law, including without limitation the rules and regulations of the SEC, the Commodity Futures Trading Commission, state securities commissions and other governmental and regulatory agencies. Such actions shall include, but are not limited to: establishment and maintenance of a compliance program in accordance with Rule 38a-1 under the 1940 Act, support of the Funds' Chief Compliance Officer, and systems and procedures necessary to effectuate the compliance program. (viii) PIMCO shall provide the Funds with administrative services to shareholders, including: the maintenance of a shareholder call center; the provision of certain statistical information and performance of the Funds; a web servicing platform and internet website; maintenance of privacy protection systems and procedures; and oversight of anti-money laundering monitoring systems and procedures. Notwithstanding the foregoing, PIMCO may procure or delegate provision of these services to third parties. (b)

Supervisory and Administrative Services. Subject to the general supervision of the Board of Trustees, PIMCO shall provide or cause to be furnished all supervisory and administrative and other services reasonably necessary for the operation of the Funds, but not including the distribution services provided by the Distributor pursuant to its Distribution Contract with the Trusteach Fund. (a) The supervisory and administrative services to be provided by PIMCO shall include the followingfollowing for each Fund: (i) PIMCO shall supervise and coordinate matters relating to the operation of the FundsFund, including any necessary coordination among the custodian, transfer agent, dividend disbursing agent, disbursement agent and recordkeeping agent (including pricing and valuation of the FundsFund), accountants, attorneys, auction agents, and other parties performing services or operational functions for the FundsFund. In connection with the supervision of the pricing and valuation of the FundsFund, PIMCO shall establish such systems and procedures as are necessary to carry out this function, including systems and procedures relating to defaulted securities; forensic reporting and monitoring of securities and derivatives pricing, including checks and balances against internal models and external pricing services; tracking and reviewing fair valued securities; supervising pricing vendors; monitoring for significant events occurring after the close of trading that may affect the value of portfolio holdings; and establishing net asset value estimation processes in the event the custodian cannot produce a net asset value for Shares of a the Fund. (ii) PIMCO shall provide provide, or cause a third party to provide, the FundsFund, at PIMCO's PIMCOs expense, with adequate personnel, office space, communications facilities, and other facilities necessary for the effective supervision and administration of the Funds Fund as contemplated in this Agreement as well as provide provide, or cause a third party to provide, the FundsFund, at PIMCO's PIMCOs expense, with the services of a sufficient number of persons competent to perform such supervisory and administrative and clerical functions as are necessary to ensure for compliance with federal securities laws and other applicable laws. (iii) PIMCO shall maintain or supervise the maintenance by third parties of such books and records of the Trust and the Funds Fund as may be required by applicable federal or state law. (iv) PIMCO shall prepare or supervise the preparation by third parties of all federal, state, local, and foreign tax returns and reports of the Funds Fund required by applicable law. (v) PIMCO or an appointed third party shall prepare, file, and arrange for the distribution of proxy materials and periodic reports to financial intermediaries who hold Shares of the Fund in nominee name or shareholders of the Funds Fund as required by applicable lawlaw and/or as agreed to with such financial intermediary or shareholder, as applicable. (vi) PIMCO or an appointed third party shall prepare and arrange for the filing of such registration statements and other documents with the SEC and other federal and state or other regulatory authorities authorities, securities exchanges and selfregulatory organizations as may be required to register the Shares of the Funds Fund, maintain the listing of the Shares of the Fund that are listed for trading on a securities exchange, if any, and qualify the Trust Fund to do business or as otherwise required by applicable law. PIMCO shall maintain registration of the Funds' Funds Shares in such other jurisdictions as it deems necessary and appropriate. PIMCO shall maintain a review and certification program and internal controls and procedures in accordance with relevant provisions of the Sarbanes Oxley Act of 2002 as applicable to registered investment companies. PIMCO shall maintain systems necessary to provide or procure required disclosure in the Funds' Funds registration statements, shareholder reports, proxy statements, reports to securities exchanges, if applicable, and similar regulatory documents, and Fund proxy voting information. (vii) PIMCO shall take take, or cause a third party to take, such other action with respect to the Funds Fund as may be required by applicable law, including without limitation the rules and regulations of the SEC, including Rule 23c3 under the 1940 Act with respect to operations as an interval fund, the Commodity Futures Trading Commission, securities exchanges on which the Funds Shares may be listed for trading, if any, state securities commissions and other governmental and regulatory agencies. Such actions shall include, but are not limited to: , establishment and maintenance of a compliance program in accordance with Rule 38a-1 38a1 under the 1940 Act, support of the Funds' Funds Chief Compliance Officer, and systems and procedures necessary to effectuate the compliance program. (viii) PIMCO shall provide the Funds Fund with administrative services to shareholdersshareholders as necessary, including: the maintenance of a shareholder call center; shareholder transaction processing; the provision of certain statistical information and performance of the FundsFund; a web servicing platform and internet website; maintenance access by PIMCO representatives to databases to assist with shareholder inquiries and reports; oversight of privacy protection antimoney laundering monitoring systems and procedures; repurchase fee application and monitoring systems (if applicable); antimarket timing monitoring systems and procedures; and oversight processing of anti-money laundering monitoring systems and proceduresclient registration applications. Notwithstanding the foregoing, PIMCO may procure or delegate provision of these services to third parties. (b)parties with respect to particular classes of the Fund or particular shareholders that have relationships with other financial intermediaries that perform similar services.

Supervisory and Administrative Services. Subject to the general supervision of the Board of Trustees, PIMCO shall provide or cause to be furnished all supervisory and administrative and other These services reasonably necessary for the operation of the Funds, but not including the distribution services provided by the Distributor pursuant to its Distribution Contract with the Trust. (a) The supervisory and administrative services to be provided by PIMCO shall include the following: (i) PIMCO The Administrator shall supervise and coordinate matters relating to the operation of the FundsPortfolios, including any necessary coordination among the investment adviser or advisers to the Portfolios, the custodian, transfer agent, dividend disbursing agent, and recordkeeping agent (including pricing and valuation of the FundsPortfolios), insurance companies, accountants, attorneys, and other parties performing services or operational functions for the FundsPortfolios. In connection with the supervision of the pricing and valuation of the FundsPortfolios, PIMCO the Administrator shall establish such systems and procedures as are necessary to carry out this function, including systems and procedures relating to defaulted securities; forensic reporting and monitoring of securities and derivatives pricing, including checks and balances against internal models and external pricing services; tracking and reviewing fair valued securities; supervising pricing vendors; monitoring for significant events occurring after the close of trading that may affect the value of portfolio holdings; and establishing net asset value estimation processes in the event the custodian cannot produce a net asset value for Shares of a FundPortfolio. (ii) PIMCO The Administrator shall provide the FundsPortfolios, at PIMCOthe Administrator's expense, with adequate personnel, ,office space, communications facilities, and other facilities necessary for the effective supervision and administration of the Funds Portfolios as contemplated in this Agreement as well as provide the FundsPortfolios, at PIMCOthe Administrator's expense, with the services of a sufficient number of persons competent to perform such supervisory and administrative and clerical functions as are necessary to ensure compliance with federal securities laws, state insurance laws and other applicable laws. (iii) PIMCO The Administrator shall maintain or supervise the maintenance by third parties of such books and records of the Trust and the Funds Portfolios as may be required by applicable federal or state law, other than the records and ledgers maintained under the Investment Advisory Contract. (iv) PIMCO The Administrator shall prepare or supervise the preparation by third parties of all federal, state, local, and foreign tax returns and reports of the Funds Portfolios required by applicable law. (v) PIMCO The Administrator shall prepare, file, and arrange for the distribution of proxy materials and periodic reports to shareholders of the Funds Portfolios or other appropriate parties as required by applicable law. (vi) PIMCO The Administrator shall prepare and arrange for the filing of such registration statements and other documents with the SEC and other federal and state or other regulatory authorities as may be required to register the Shares of the Funds Portfolios and qualify the Trust to do business or as otherwise required by applicable law. PIMCO The Administrator shall maintain registration of the FundsPortfolios' Shares in such other jurisdictions as it deems necessary and appropriate. PIMCO The Administrator shall maintain a review and certification program and internal controls and procedures in accordance with relevant provisions of the Sarbanes Oxley Act of 2002 as applicable to registered investment companies. PIMCO The Administrator shall maintain systems necessary to provide or procure required disclosure in the FundsPortfolios' registration statements, shareholder reports, proxy statements, and similar regulatory documents, and Fund Portfolio proxy voting information. (vii) PIMCO The Administrator shall take such other action with respect to the Funds Portfolios as may be required by applicable law, including without limitation the rules and regulations of the SEC, the Commodity Futures Trading Commission, state securities and insurance commissions and other governmental and regulatory agencies. Such actions shall include, but are not limited to: establishment and maintenance of a compliance program in accordance with Rule 38a-1 under the 1940 Act, support of the FundsPortfolios' Chief Compliance Officer, and systems and procedures necessary to effectuate the compliance program. (viii) PIMCO The Administrator shall provide the Funds Portfolios with administrative services to shareholdersshareholders as necessary, including: the maintenance of a shareholder call centertransaction processing; the provision of certain statistical information and performance of the FundsPortfolios; a web servicing platform and internet website; maintenance of privacy protection systems access by PIMCO representatives to databases to assist with shareholder inquiries and proceduresreports; and oversight of anti-money laundering monitoring systems and procedures; redemption fee application and monitoring systems (if applicable); anti-market timing monitoring systems and procedures, including implementation of shareholder information agreements under Rule 22c 2 under the 1940 Act and associated monitoring systems and procedures; and processing of client registration applications. Notwithstanding the foregoing, PIMCO the Administrator may procure or delegate provision of these services to third partiesparties with respect to particular classes of the Portfolios or particular shareholders that have relationships with other financial intermediaries that perform similar services. (b)