SUPPLEMENT TO
INVESTMENT MANAGEMENT AGREEMENT
PIMCO ETF Trust
000 Xxxxxxx Xxxxxx Xxxxx
Xxxxxxx Xxxxx, Xxxxxxxxxx 00000
May 23, 2011
Pacific Investment Management Company LLC
000 Xxxxxxx Xxxxxx Xxxxx
Xxxxxxx Xxxxx, Xxxxxxxxxx 00000
RE: PIMCO Foreign Currency Strategy Exchange-Traded Fund and PIMCO
Total Return Exchange-Traded Fund (each a "Fund," and collectively, the "Funds")
Dear Sirs:
As provided in the Investment Management Agreement between PIMCO ETF Trust
(the "Trust") and Pacific Investment Management Company LLC ("PIMCO"), dated
April 24, 2009 (the "Agreement"), the parties may amend the Agreement to add
additional series of the Trust, under the same terms and conditions as set forth
in the Agreement, and at a fee rate set forth in Schedule A to the Agreement, as
may be amended from time to time.
The Trust and PIMCO hereby agree to amend the Agreement as of the date hereof
to add the Funds to Schedule A. The current Schedule A is replaced with the new
Schedule A attached hereto.
Schedule A
Schedule to Investment Management Agreement
PIMCO ETF Trust
As of May 23, 2011
Investment Management Fee Rates (%)
Fund Fee#
PIMCO 0-1 Year U.S. Treasury Index Fund 0.15
PIMCO 0-3 Year Banking Sector Corporate Bond Index Fund 0.40
PIMCO 0-5 Year High Yield Corporate Bond Index Fund 0.55
PIMCO 1-3 Year U.S. Treasury Index Fund 0.15
PIMCO 1-5 Year U.S. TIPS Index Fund 0.20
PIMCO 15+ Year U.S. TIPS Index Fund 0.20
PIMCO 25+ Year Zero Coupon U.S. Treasury Index Fund 0.15
PIMCO 3-7 Year U.S. Treasury Index Fund 0.15
PIMCO 7-15 Year U.S. Treasury Index Fund 0.15
PIMCO Banking Sector Corporate Bond Index Fund 0.40
PIMCO Broad U.S. TIPS Index Fund 0.20
PIMCO Broad U.S. Treasury Index Fund 0.15
PIMCO Build America Bond Strategy Fund 0.45
PIMCO Emerging Markets Aggregate U.S.$ Denominated Bond Index Fund 0.65
PIMCO Enhanced Short Maturity Strategy Fund 0.35
PIMCO Foreign Currency Strategy Exchange-Traded Fund 0.65
PIMCO Global Advantage Inflation-Linked Bond Strategy Fund 0.60
PIMCO Government Limited Maturity Strategy Fund 0.25
PIMCO High Yield Corporate Bond Index Fund 0.55
PIMCO Intermediate Municipal Bond Strategy Fund 0.35
PIMCO Investment Grade Corporate Bond Index Fund 0.20
PIMCO Prime Limited Maturity Strategy Fund 0.25
PIMCO Short Term Municipal Bond Strategy Fund 0.35
PIMCO Total Return Exchange-Traded Fund 0.55
# Each Fund may invest in shares of PIMCO Funds: Private Account
Portfolio Series: PIMCO Short-Term Floating NAV Portfolio, a series of PIMCO
Funds ("PAPS Short-Term Floating NAV Portfolio"). PAPS Short-Term Floating NAV
Portfolio is offered only to series of the Trust (each an "Investing Fund") or
other series of registered investment companies for which PIMCO serves as
investment adviser. PAPS Short-Term Floating NAV Portfolio does not pay an
investment advisory fee to PIMCO. By investing in the PAPS Short-Term Floating
NAV Portfolio, each Investing Fund agrees that 0.01% of the fee that each
Investing Fund is currently obligated to pay PIMCO, as indicated on this
Schedule A, will be designated as compensation for the investment advisory
services PIMCO provides to PAPS Short-Term Floating NAV Portfolio under its
investment advisory contract with PIMCO.
If the foregoing correctly sets forth the Agreement between the Trust
and PIMCO, please so indicate by signing, dating and returning to the Trust the
enclosed copy hereof.
Very truly yours,
PIMCO ETF TRUST
By: /s/ Xxxxx Xxxxxxx
Title: Vice President
ACCEPTED:
PACIFIC INVESTMENT MANAGEMENT COMPANY LLC
By: /s/ Xxxxx X. Xxxxxx
Title: Managing Director
PIMCO FUNDS, on behalf of its series Private Account Portfolio Series: PIMCO
Short-Term Floating NAV Portfolio
By: /s/ Xxxxx Xxxxxxx
Title: Vice President
