SUPPLEMENT TO THE SECOND AMENDED AND RESTATED SUPERVISION AND ADMINISTRATION AGREEMENT PIMCO Equity Series Newport Beach, California 92660 February 8, 2023
SUPPLEMENT TO THE
SECOND AMENDED AND RESTATED SUPERVISION AND ADMINISTRATION
AGREEMENT
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Newport Beach, California 92660
February 8, 2023
Pacific Investment Management Company LLC
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Newport Beach, California 92660
| RE: | Removal of Class T Shares |
Dear Sirs and Madams:
This will confirm the agreement between the undersigned (the “Trust”) and Pacific Investment Management Company LLC (the “Administrator”) as follows:
| 1. | The Trust and the Administrator have entered into a Second Amended and Restated Supervision and Administration Agreement (the “Agreement”) dated February 29, 2012, pursuant to which the Trust has employed the Administrator to provide supervisory and administrative services to the Trust as set forth in that Agreement. |
| 2. | The Trust and the Administrator hereby agree to amend Schedule A as of the date hereof to remove Class T shares and to make other ministerial edits. Accordingly, the current Schedule A is replaced with the new Schedule A attached hereto. |
| 3. | This Supplement and the Agreement shall become effective on February 8, 2023 and shall remain in effect with respect to the Fund and each class thereof, unless sooner terminated as provided herein, for a period not to exceed one year from the effective date and shall continue thereafter on an annual basis with respect to the Fund and each class thereof provided that such continuance is specifically approved at least annually (a) by the vote of a majority of the outstanding voting securities (as defined in the Investment Company Act of 1940, as amended (the “1940 Act”)) of the Fund or the Board of Trustees of the Trust, and (b) by the vote of a majority of the Board of Trustees of the Trust who are not parties to this Agreement or “interested persons” (as defined in the 1940 Act) of the Trust or the Administrator, cast in person at a meeting called for the purpose of voting on such approval. This Agreement may be terminated with respect to the Fund and each class thereof at any time, without the payment of any penalty: (i) by a vote of a majority of the entire Board of Trustees of the Trust or by a majority of the outstanding voting shares of the Fund and each class thereof, as applicable, or, with respect to a particular class of the Fund, by a vote of a majority of the outstanding shares of such class, on 60 days’ written notice to the Administrator; or (ii) after the initial period commencing on the effective date, by the Administrator at any time on 60 days’ written notice to the Trust. This Agreement shall terminate automatically in the event of its assignment (as defined in the 1940 Act). |
If the foregoing correctly sets forth the agreement between the Trust and the Administrator, please so indicate by signing and returning to the Trust the enclosed copy hereof.
| Very truly yours, | ||
| PIMCO EQUITY SERIES | ||
| By: |
| |
| Title: | Treasurer | |
| ACCEPTED | ||
| PACIFIC INVEDSTMENT MANAGEMENT COMPANY LLC | ||
| By: |
| |
| Title: | Managing Director, Co-Chief Operating Officer | |
Schedule A
Schedule to the Second Amended and Restated Supervision and Administration Agreement
As of February 8, 2023
Institutional and Administrative Classes - Supervisory and Administrative Fee Rates (%)
| Fund |
Core Expenses1 |
Other Expenses |
Total | |||||||||
| PIMCO Dividend and Income Fund |
0.10 | 0.15 | 0.25 | |||||||||
| PIMCO RAE Emerging Markets Fund |
0.10 | 0.15 | 0.25 | |||||||||
| PIMCO RAE Global ex-US Fund |
0.10 | 0.05 | 0.15 | |||||||||
| PIMCO RAE International Fund |
0.10 | 0.10 | 0.20 | |||||||||
| PIMCO RAE US Fund |
0.10 | 0.05 | 0.15 | |||||||||
| ▇▇▇▇▇ ▇▇▇ US Small Fund |
0.10 | 0.05 | 0.15 | |||||||||
| PIMCO REALPATH® Blend Income Fund |
0.02 | 0.00 | 0.02 | |||||||||
| PIMCO REALPATH® Blend 2025 Fund |
0.02 | 0.00 | 0.02 | |||||||||
| PIMCO REALPATH® Blend 2030 Fund |
0.02 | 0.00 | 0.02 | |||||||||
| PIMCO REALPATH® Blend 2035 Fund |
0.02 | 0.00 | 0.02 | |||||||||
| PIMCO REALPATH® Blend 2040 Fund |
0.02 | 0.00 | 0.02 | |||||||||
| PIMCO REALPATH® Blend 2045 Fund |
0.02 | 0.00 | 0.02 | |||||||||
| PIMCO REALPATH® Blend 2050 Fund |
0.02 | 0.00 | 0.02 | |||||||||
| PIMCO REALPATH® Blend 2055 Fund |
0.02 | 0.00 | 0.02 | |||||||||
| PIMCO REALPATH® Blend 2060 Fund |
0.02 | 0.00 | 0.02 | |||||||||
| PIMCO REALPATH® Blend 2065 Fund |
0.02 | 0.00 | 0.02 | |||||||||
| 1 | Core Expenses includes custody, portfolio accounting and tax preparation expenses. |
Schedule A
Schedule to the Second Amended and Restated Supervision and Administration Agreement
As of February 8, 2023
Class I-2 — Supervisory and Administrative Fee Rates (%)
| Fund |
Core Expenses |
Other Expenses |
Total | |||||||||
| PIMCO Dividend and Income Fund |
0.10 | 0.25 | 0.35 | |||||||||
| PIMCO RAE Emerging Markets Fund |
0.10 | 0.25 | 0.35 | |||||||||
| ▇▇▇▇▇ ▇▇▇ Global ex-US Fund |
0.10 | 0.15 | 0.25 | |||||||||
| PIMCO RAE International Fund |
0.10 | 0.20 | 0.30 | |||||||||
| PIMCO RAE US Fund |
0.10 | 0.15 | 0.25 | |||||||||
| PIMCO RAE US Small Fund |
0.10 | 0.15 | 0.25 | |||||||||
| 1 | Core Expenses includes custody, portfolio accounting and tax preparation expenses. |
Schedule A
Schedule to the Second Amended and Restated Supervision and Administration Agreement
As of February 8, 2023
Class I-3 — Supervisory and Administrative Fee Rates (%)
| Fund |
Core Expenses1 |
Other Expenses |
Total | |||||||||
| PIMCO Dividend and Income Fund |
0.10 | 0.35 | 0.45 | |||||||||
| PIMCO RAE US Fund |
0.10 | 0.25 | 0.35 | |||||||||
| 1 | Core Expenses includes custody, portfolio accounting and tax preparation expenses. |
Schedule A
Schedule to the Second Amended and Restated Supervision and Administration Agreement
As of February 8, 2023
Classes A and C - Supervisory and Administrative Fee Rates (%)
| Fund |
Core Expenses’ |
Other Expenses |
Total | |||||||||
| PIMCO Dividend and Income Fund |
0.10 | 0.25 | 0.35 | |||||||||
| PIMCO RAE Emerging Markets Fund |
0.10 | 0.25 | 0.35 | |||||||||
| ▇▇▇▇▇ ▇▇▇ Global ex-US Fund |
0.10 | 0.15 | 0.25 | |||||||||
| PIMCO RAE International Fund |
0.10 | 0.20 | 0.30 | |||||||||
| PIMCO RAE US Fund |
0.10 | 0.20 | 0.30 | |||||||||
| ▇▇▇▇▇ ▇▇▇ US Small Fund |
0.10 | 0.20 | 0.30 | |||||||||
| PIMCO REALPATH® Blend Income Fund |
0.10 | 0.12 | 0.22 | |||||||||
| PIMCO REALPATH® Blend 2025 Fund |
0.10 | 0.12 | 0.22 | |||||||||
| PIMCO REALPATH® Blend 2030 Fund |
0.10 | 0.12 | 0.22 | |||||||||
| PIMCO REALPATH® Blend 2035 Fund |
0.10 | 0.12 | 0.22 | |||||||||
| PIMCO REALPATH® Blend 2040 Fund |
0.10 | 0.12 | 0.22 | |||||||||
| PIMCO REALPATH® Blend 2045 Fund |
0.10 | 0.12 | 0.22 | |||||||||
| PIMCO REALPATH® Blend 2050 Fund |
0.10 | 0.12 | 0.22 | |||||||||
| PIMCO REALPATH® Blend 2055 Fund |
0.10 | 0.12 | 0.22 | |||||||||
| PIMCO REALPATH® Blend 2060 Fund |
0.10 | 0.12 | 0.22 | |||||||||
| PIMCO REALPATH® Blend 2065 Fund |
0.10 | 0.12 | 0.22 | |||||||||
Schedule A
Schedule to the Second Amended and Restated Supervision and Administration Agreement
As of February 8, 2023
Class R - Supervisory and Administrative Fee Rates (%)
| Fund |
Core Expenses1 |
Other Expenses |
Total | |||||||||
| PIMCO REALPATH® Blend Income Fund |
0.10 | 0.17 | 0.27 | |||||||||
| PIMCO REALPATH® Blend 2025 Fund |
0.10 | 0.17 | 0.27 | |||||||||
| PIMCO REALPATH® Blend 2030 Fund |
0.10 | 0.17 | 0.27 | |||||||||
| PIMCO REALPATH® Blend 2035 Fund |
0.10 | 0.17 | 0.27 | |||||||||
| PIMCO REALPATH® Blend 2040 Fund |
0.10 | 0.17 | 0.27 | |||||||||
| PIMCO REALPATH® Blend 2045 Fund |
0.10 | 0.17 | 0.27 | |||||||||
| PIMCO REALPATH® Blend 2050 Fund |
0.10 | 0.17 | 0.27 | |||||||||
| PIMCO REALPATH® Blend 2055 Fund |
0.10 | 0.17 | 0.27 | |||||||||
| 1 | Core Expenses includes custody, portfolio accounting and tax preparation expenses |