SCHEDULE A Revised as of October 8, 2015 Portfolios

Exhibit (h)(2)(iii)

SCHEDULE A

Revised as of October 8, 2015

Portfolios

Portfolio Name		Expense Limit		Expense Limitation Expiration Date		Recoupment Period Expiration Date
AllianzGI Advanced Core Bond Portfolio		0.45%		1/31/17		9/30/20
AllianzGI Discovery U.S. Portfolio		1.50%		1/31/17		9/30/20
AllianzGI Global Small-Cap Opportunities Portfolio		1.20%		3/31/16		11/30/19

[Signature page follows.]

[Schedule A to Expense Limitation Agreement for AllianzGI Institutional Multi-Series Trust]

IN WITNESS WHEREOF, the Trust and the Manager have each caused this Schedule A to the Expense Limitation Agreement to be signed on its behalf by its duly authorized representative, as of the date first above written.

ALLIANZGI INSTITUTIONAL MULTI-SERIES TRUST
By:		/s/ Xxxxxx Xxxxxxxx
Name:		Xxxxxx Xxxxxxxx
Title:		President and Chief Executive Officer
ALLIANZ GLOBAL INVESTORS FUND MANAGEMENT LLC
By:		/s/ Xxxxxx Xxxxxxxx
Name:		Xxxxxx Xxxxxxxx
Title:		Chairman-Management Board

[Signature Page to Schedule A of Expense Limitation Agreement for AllianzGI Institutional Multi-Series Trust]