Exhibit (h)(3)
AMENDMENT NO. 1
to
AMENDED AND RESTATED
ADMINISTRATION AGREEMENT
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This Amendment No. 1 is made as of August 1, 1999 to the Amended and
Restated Administration Agreement (the "Administration Agreement"), dated as of
April 8, 1998, between PIMCO Funds; Multi-Manager Series (the "Trust"), a
Massachusetts business trust, and PIMCO Advisors L.P. (the "Administrator" or
"PALP"), a limited partnership organized under the laws of Delaware.
WITNESSETH
WHEREAS, the Trust and PALP have entered into the Administration
Agreement; and
WHEREAS, the Trust and PALP desire to amend Schedule A to the
Administration Agreement;
NOW, THEREFORE, in consideration of the mutual covenants herein
contained, the parties agree as follows:
1. Amendment. Schedule A to the Administration Agreement is amended to
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read in its entirety as the Schedule A attached hereto.
2. Effectiveness. The revised Schedule A of the Administration
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Agreement shall be effective with respect to the various Funds and share classes
as of the later of (i) January 14, 1997, (ii) the date of the creation of the
Fund in question or (iii) the date of the creation of the share class in
question.
3. Continuation. Except as set forth above, the Administration
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Agreement shall remain in full force and effect in accordance with its terms.
4. Counterparts. This Amendment may be executed in one or more
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counterparts, each of which shall be deemed to be an original.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date set forth above.
PIMCO FUNDS: MULTI-MANAGER SERIES
By:
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Name:
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Title:
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PIMCO ADVISORS L.P.
By:
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Name:
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Title:
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Exhibit A
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SCHEDULE TO ADMINISTRATION AGREEMENT
Fee Rate:
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Institutional and
Administrative Classes Classes A, B & C
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Custody and Custody and
Portfolio Portfolio
Fund Accounting Other Total Accounting Other Total*
------------------------------------- ----------- ----- ----- ---------- ----- ------
PIMCO Capital Appreciation 0.10 0.15 0.25 0.10 0.30 0.40
PIMCO Mid-Cap Growth 0.10 0.15 0.25 0.10 0.30 0.40
PIMCO Small-Cap Growth 0.10 0.15 0.25 0.10 0.30 0.40
PIMCO Micro-Cap Growth 0.10 0.15 0.25 0.10 0.30 0.40
PIMCO Renaissance 0.10 0.15 0.25 0.10 0.30 0.40
PIMCO Core Equity 0.10 0.15 0.25 0.10 0.30 0.40
PIMCO Growth 0.10 0.15 0.25 0.10 0.30 0.40
PIMCO Mid-Cap Equity 0.10 0.15 0.25 0.10 0.30 0.40
PIMCO Target 0.10 0.15 0.25 0.10 0.30 0.40
PIMCO Opportunity 0.10 0.15 0.25 0.10 0.30 0.40
PIMCO Innovation 0.10 0.15 0.25 0.10 0.30 0.40
PIMCO Equity Income 0.10 0.15 0.25 0.10 0.30 0.40
PIMCO Value 0.10 0.15 0.25 0.10 0.30 0.40
PIMCO Small-Cap Value 0.10 0.15 0.25 0.10 0.30 0.40
PIMCO Enhanced Equity 0.10 0.15 0.25 0.10 0.30 0.40
PIMCO Balanced 0.10 0.15 0.25 0.10 0.30 0.40
PIMCO Mega-Cap 0.10 0.15 0.25 n/a n/a n/a
PIMCO Precious Metals 0.10 0.20 0.30 0.10 0.35 0.45
PIMCO International 0.10 0.40 0.50 0.10 0.55 0.65
PIMCO International Growth 0.10 0.40 0.50 0.10 0.55 0.65
PIMCO Structured Emerging
Markets 0.10 0.40 0.50 0.10 0.55 0.65
PIMCO Tax-Efficient Structured
Emerging Markets 0.10 0.40 0.50 0.10 0.55 0.65
PIMCO Value 25 0.10 0.15 0.25 0.10 0.30 0.40
PIMCO Tax-Efficient Equity 0.10 0.15 0.25 0.10 0.30 0.40
PIMCO Hard Assets n/a n/a n/a 0.10 0.30 0.40
PIMCO Funds Asset Allocation Series
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90/10 Portfolio 0.10 0.05 0.15 0.10 0.30 0.40
60/40 Portfolio 0.10 0.05 0.15 0.10 0.30 0.40
30/70 Portfolio 0.10 0.05 0.15 0.10 0.30 0.40
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* The Total fee rate for Class A, B and C shares shall be reduced by 0.05%
per annum on a Fund's average daily net assets attributable in the aggregate to
Class A, B and C shares in excess of $2.5 billion. For example, Class A, B and
C shares of PIMCO Capital Appreciation Fund shall pay an annual fee rate of
0.40% on the Fund's first $2.5 billion of average daily net assets attributable
in the aggregate to Class A, B and C shares, and 0.35% on such assets in excess
of $2.5 billion.
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SCHEDULE TO ADMINISTRATION AGREEMENT (CONT.)
Class D Shares
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Custody and
Portfolio
Fund Accounting Other Total
---- ----------- ----- -----
PIMCO Capital Appreciation 0.10 0.55 0.65
PIMCO Mid-Cap Growth 0.10 0.55 0.65
PIMCO Renaissance 0.10 0.55 0.65
PIMCO Growth 0.10 0.55 0.65
PIMCO Innovation 0.10 0.55 0.65
PIMCO Equity Income 0.10 0.55 0.65
PIMCO Value 0.10 0.55 0.65
PIMCO Tax-Efficient Equity 0.10 0.55 0.65
3