EXHIBIT 99.(d)(19)
SUPPLEMENT TO
INVESTMENT ADVISORY CONTRACT
PIMCO Funds: Pacific Investment Management Series
000 Xxxxxxx Xxxxxx Xxxxx
Xxxxxxx Xxxxx, Xxxxxxxxxx 00000
_____________________, 2002
Pacific Investment Management Company LLC
000 Xxxxxxx Xxxxxx Xxxxx
Xxxxxxx Xxxxx, Xxxxxxxxxx 00000
RE: PIMCO CommodityRealReturn Strategy Fund
Dear Sirs:
This will confirm the agreement between the undersigned (the "Trust") and
Pacific Investment Management Company LLC (the "Adviser") as follows:
1. The Trust is an open-end investment company organized as a Massachusetts
business trust, and consisting of such investment portfolios as have been or may
be established by the Trustees of the Trust from time to time. A separate series
of shares of beneficial interest of the Trust is offered to investors with
respect to each investment portfolio. The PIMCO CommodityRealReturn Strategy
Fund (the "Fund") is a separate investment portfolio of the Trust.
2. The Trust and the Adviser have entered into an Investment Advisory
Contract ("Contract") dated May 5, 2000, pursuant to which the Trust has
employed the Adviser to provide investment advisory and other services specified
in the Contract, and the Adviser has accepted such employment.
3. As provided in paragraph 2 of the Contract, the Trust hereby appoints
the Adviser to serve as Investment Adviser with respect to the Fund, and the
Adviser accepts such appointment, the terms and conditions of such employment to
be governed by the Contract, which is hereby incorporated herein by reference.
4. As provided in paragraph 6 of the Contract and subject to further
conditions as set forth therein, the Trust shall with respect to the Fund pay
the Adviser a monthly fee on the first business day of each month, based upon
the average daily value (as determined on each business day at the time set
forth in the Prospectus for determining net asset value per share) of the net
assets of the Fund during the preceding month, at an annual rate of 0.45%.
5. This Supplement and the Contract shall become effective with respect to
the Fund on _____________, 2002 and shall continue in effect with respect to the
Fund for a period of more than two years from that date only so long as the
continuance is specifically approved at least annually (a) by the vote of a
majority of the outstanding voting securities (as defined in the 1940 Act) of
the Fund or by the Trust's Board of Trustees and (b) by the vote, cast in person
at a meeting called for the purpose, of a majority of the Trust's trustees who
are not parties to this Contract or "interested persons" (as defined in the 1940
Act) of any such party. This Contract may be terminated with respect to the Fund
at any time, without the payment of any penalty, by a vote of a majority of the
outstanding voting securities (as defined in the 1940 Act) of the Fund or by a
vote of a majority of the Trust's entire Board of Trustees on 60 days' written
notice to the Adviser or by the Adviser on 60 days' written notice to the Trust.
This Contract shall terminate automatically in the event of its assignment (as
defined in the 1940 Act).
2
If the foregoing correctly sets forth the agreement between the Trust and
the Adviser, please so indicate by signing and returning to the Trust the
enclosed copy hereof.
Very truly yours,
PIMCO FUNDS: PACIFIC INVESTMENT MANAGEMENT SERIES
By:
----------------------------------------------
Title: President
ACCEPTED:
PACIFIC INVESTMENT MANAGEMENT COMPANY LLC
By:
--------------------------------------
Title: Managing Director
3
SUPPLEMENT TO
INVESTMENT ADVISORY CONTRACT
PIMCO Funds: Pacific Investment Management Series
000 Xxxxxxx Xxxxxx Xxxxx
Xxxxxxx Xxxxx, Xxxxxxxxxx 00000
_____________________, 2002
Pacific Investment Management Company LLC
000 Xxxxxxx Xxxxxx Xxxxx
Xxxxxxx Xxxxx, Xxxxxxxxxx 00000
RE: PIMCO StocksPLUS Total Return Fund
PIMCO All Asset Fund
Dear Sirs:
This will confirm the agreement between the undersigned (the "Trust") and
Pacific Investment Management Company LLC (the "Adviser") as follows:
1. The Trust is an open-end investment company organized as a Massachusetts
business trust, and consisting of such investment portfolios as have been or may
be established by the Trustees of the Trust from time to time. A separate series
of shares of beneficial interest of the Trust is offered to investors with
respect to each investment portfolio. The PIMCO StocksPLUS Total Return and
PIMCO All Asset Funds (the "Funds") are separate investment portfolios of the
Trust.
2. The Trust and the Adviser have entered into an Investment Advisory
Contract ("Contract") dated May 5, 2000, pursuant to which the Trust has
employed the Adviser to provide investment advisory and other services specified
in the Contract, and the Adviser has accepted such employment.
3. As provided in paragraph 2 of the Contract, the Trust hereby appoints
the Adviser to serve as Investment Adviser with respect to the Funds, and the
Adviser accepts such appointment, the terms and conditions of such employment to
be governed by the Contract, which is hereby incorporated herein by reference.
4. As provided in paragraph 6 of the Contract and subject to further
conditions as set forth therein, the Trust shall with respect to the Funds pay
the Adviser a monthly fee on the first business day of each month, based upon
the average daily value (as determined on each business day at the time set
forth in the Prospectus for determining net asset value per share) of the net
assets of the Funds during the preceding month, at an annual rate of 0.49% for
the PIMCO StocksPLUS Total Return Fund, and at an annual rate of 0.20% for the
PIMCO All Asset Fund.
5. This Supplement and the Contract shall become effective with respect to
the Funds on _____________, 2002 and shall continue in effect with respect to
the Funds for a period of more than two years from that date only so long as the
continuance is specifically approved at least annually (a) by the vote of a
majority of the outstanding voting securities (as defined in the 1940 Act) of
the Funds or by the Trust's Board of Trustees and (b) by the vote, cast in
person at a meeting called for the purpose, of a majority of the Trust's
trustees who are not parties to this Contract or "interested persons" (as
defined in the 1940 Act) of any such party. This Contract may be terminated with
respect to the Funds at any time, without the payment of any penalty, by a vote
of a majority of the outstanding voting securities (as defined in the 1940 Act)
of the Funds or by a vote of a majority of the Trust's entire Board of Trustees
on 60 days' written notice to the Adviser or by the Adviser on 60 days' written
notice to the Trust. This Contract shall terminate automatically in the event of
its assignment (as defined in the 1940 Act).
2
If the foregoing correctly sets forth the agreement between the Trust and
the Adviser, please so indicate by signing and returning to the Trust the
enclosed copy hereof.
Very truly yours,
PIMCO FUNDS: PACIFIC INVESTMENT MANAGEMENT SERIES
By:
----------------------------------------------
Title: President
ACCEPTED:
PACIFIC INVESTMENT MANAGEMENT COMPANY LLC
By:
--------------------------------------
Title: Managing Director
3
