FEE WAIVER AGREEMENT Allianz Funds New York, NY 10019
Exhibit (h)(4)
0000 Xxxxxxxx
Xxx Xxxx, XX 00000
Allianz Global Investors U.S. LLC
0000 Xxxxxxxx
Xxx Xxxx, XX 00000
August 27, 2020
Ladies and Gentlemen:
This Fee Waiver Agreement (this “Agreement”) is entered into as of the date first set forth above between Allianz Funds (the “Trust”), on behalf of the series of the Trust described 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 August 27, 2020, 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, the Funds and the Funds’ shareholders with investment advisory, administration and other services.
3. For each Fund listed under “Fund” in Exhibit A, for the share classes of such Fund specified under “Classes,” AllianzGI U.S. shall waive its fees payable under the particular Management Agreement specified under “Affected Agreement” in the amount or according to the schedule specified under “Fee Waiver” and for the period specified under “Term of Agreement.” 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. The Fee Waiver Agreement between the parties dated August 28, 2019 will cease and terminate on August 27, 2020 and be replaced by this Agreement.
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 X. Xxxxxxxx | |
| Name: Xxxxxx X. Xxxxxxxx | ||
| Title: President and Chief Executive Officer | ||
ACCEPTED AND AGREED TO:
ALLIANZ GLOBAL INVESTORS U.S. LLC
| By: | /s/ Gem Pushpaharan | |
| Name: Gem Pushpaharan | ||
| Title: Chief Operating Officer US | ||
Exhibit A to Fee Waiver Agreement
Dated as of August 27, 2020
| Fund |
Classes | Affected Agreement |
Fee Waiver (stated as a percentage |
Term of Agreement | ||||
| AllianzGI Dividend Value Fund (formerly Allianz NFJ Dividend Value Fund) | All Classes | Advisory Agreement | 0.075%; 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 | From August 27, 2020 through August 31, 2021 | ||||
| AllianzGI Emerging Markets Opportunities Fund | All Classes | Advisory Agreement | 0.20% | From August 27, 2020 through August 31, 2021 | ||||
| All Classes | Administration Agreement |
0.15% | ||||||
| AllianzGI Focused Growth Fund | All Classes | Advisory Agreement | 0.10% | From August 27, 2020 through August 31, 2021 | ||||
|
Class A |
Administration |
0.02% |
||||||
| 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 | From August 27, 2020 through August 31, 2021 | ||||
[Exhibit A to Allianz Funds Fee Waiver Agreement]
| AllianzGI International Value Fund (formerly 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 |
From August 27, 2020 through August 31, 2021 | ||||
|
All Classes |
Administration Agreement |
0.025% |
||||||
| AllianzGI Mid-Cap Value Fund (formerly AllianzGI NFJ Mid-Cap Value Fund) | All Classes | Administration Agreement | 0.22% | From August 27, 2020 through August 31, 2021 | ||||
| AllianzGI Small-Cap Value Fund (formerly Allianz NFJ Small-Cap Value Fund) | All Classes | Advisory Agreement | 0.10%; and then an additional 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 |
From August 27, 2020 through August 31, 2021 | ||||
| AllianzGI Small-Cap Fund | All Classes | Administration Agreement | 0.10% | From August 27, 2020 through August 31, 2021 | ||||
| AllianzGI Technology 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 | From August 27, 2020 through August 31, 2021 | ||||
[Exhibit A to Allianz Funds Fee Waiver Agreement]
