FEE WAIVER AGREEMENT Allianz Funds New York, NY 10019
Exhibit (h)(4)(i)
0000 Xxxxxxxx
Xxx Xxxx, XX 00000
Allianz Global Investors U.S. LLC
0000 Xxxxxxxx
Xxx Xxxx, XX 00000
March 22, 2017
Ladies and Gentlemen:
This Fee Waiver Agreement (this “Agreement”) is entered into as of November 1, 2016, as revised December 16, 2016 and March 22, 2017, between Allianz Funds (the “Trust”), on behalf of its series as set forth in Exhibit A hereto (each a “Fund” and, together, the “Funds”), and Allianz Global Investors U.S. LLC (“AllianzGI U.S.”), on the following terms:
1. The Trust is an open-end management investment company that has multiple separate investment portfolios, including the Funds.
2. Pursuant to the Amended and Restated Administration Agreement dated October 1, 2016, as amended or supplemented from time to time (the “Administration Agreement”) and the Amended and Restated Investment Advisory Agreement dated October 1, 2016, as amended or supplemented from time to time (the “Advisory Agreement” and, together with the Administration Agreement, the “Management Agreements”), the Trust has retained AllianzGI U.S. to provide the Trust and the Funds, and the Funds’ shareholders, with investment advisory, administration and other services.
3. During the term of this Agreement, for each Fund listed under “Fund” in Exhibit A, for the share classes of such Fund specified adjacent under “Classes,” AllianzGI U.S. shall waive its fees payable under the particular Management Agreement specified adjacent under “Affected Agreement” in the amount or according to the schedule specified adjacent under “Fee Waiver.” In each case, the amount waived will first be determined as aggregated across all share classes specified under “Classes” and then prorated among the specified share classes according to the average daily net assets attributable to each share class.
4. This Agreement shall be effective for all funds listed on Exhibit A as of November 1, 2016 for a term lasting through October 31, 2017 except with respect to waivers placed on AllianzGI Focused Growth Fund, which will become effective January 1, 2017, for a term lasting through December 31, 2017 and AllianzGI Emerging Markets Opportunities Fund (advisory fee waiver), which will become effective April 1, 2017, for a term lasting through March 31, 2018.
If the foregoing correctly sets forth the agreement between the Trust and AllianzGI U.S., please so indicate by signing and returning to AllianzGI U.S. the enclosed copy hereof.
| Very truly yours, |
| ALLIANZ FUNDS |
| By: /s/ Xxxxxx Xxxxxxxx |
| Name: Xxxxxx Xxxxxxxx |
| Title: President and Chief Executive Officer |
| ACCEPTED AND AGREED TO: |
| ALLIANZ GLOBAL INVESTORS U.S. LLC |
| By: /s/ Xxxxxxx Xxxxxxxx |
| Name: Xxxxxxx Xxxxxxxx |
| Title: Managing Director |
Exhibit A to Fee Waiver Agreement
Dated as of November 1, 2016, (as revised December 16, 2016 and March 22, 2017)
| Fund |
Classes |
Affected Agreement |
Fee Waiver (stated as a percentage of | |||
| AllianzGI Emerging Markets Opportunities Fund |
All Classes | Advisory Agreement | 0.20% | |||
| All Classes | Administration Agreement | 0.15% | ||||
| AllianzGI Income & Growth Fund |
All Classes | Advisory Agreement | 0.01% on net assets in excess of $2 billion, an additional 0.015% on net assets in excess of $3 billion, and an additional 0.025% on net assets in excess of $5 billion | |||
| AllianzGI NFJ Dividend Value Fund |
All Classes | Advisory Agreement | 0.15%; and then an additional 0.025% on net assets in excess of $7.5 billion, and an additional 0.025% on net assets in excess of $10 billion | |||
| AllianzGI NFJ International Value Fund |
All Classes | Advisory Agreement | 0.05%; and then an additional 0.01% on net assets in excess of $4 billion, an additional 0.015% on net assets in excess of $5 billion, and an additional 0.025% on net assets in excess of $7.5 billion | |||
| All Classes | Administration Agreement | 0.025% | ||||
| AllianzGI NFJ Large-Cap Value Fund |
All Classes | Advisory Agreement | 0.15% | |||
| AllianzGI NFJ Small-Cap Value Fund |
All Classes | Advisory Agreement | 0.025% on net assets in excess of $3 billion, an additional 0.025% on net assets in excess of $4 billion, and an additional 0.025% on net assets in excess of $5 billion | |||
| All Classes | Administration Agreement | 0.05% | ||||
| AllianzGI Technology Fund |
All Classes | Advisory Agreement | 0.15%; and then an additional 0.01% on net assets in excess of $2 billion, an additional 0.015% on net assets in excess of $3 billion, and an additional 0.025% on net assets in excess of $5 billion | |||
| AllianzGI Focused Growth Fund |
All Classes | Advisory Agreement | 0.10% | |||
| Class A and Class T | Administration Agreement | 0.02% | ||||
[Exhibit A to Allianz Funds Fee Waiver Agreement]
