FEE WAIVER AGREEMENT Premier Multi-Series VIT New York, NY 10019 March 22, 2017
Exhibit (h)(5)
0000 Xxxxxxxx
Xxx Xxxx, XX 00000
March 22, 2017
Allianz Global Investors U.S. LLC
0000 Xxxxxxxx
Xxx Xxxx, XX 00000
Ladies and Gentlemen:
This Fee Waiver Agreement (this “Agreement”) is entered into as of the date first set forth above between Premier Multi-Series VIT (the “Trust”), on behalf of its series, NFJ Dividend Value Portfolio (the “Portfolio”), 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 Portfolio. |
| 2. | Pursuant to an Amended and Restated Investment Management Agreement dated October 1, 2016, as amended or supplemented from time to time (the “Management Agreement”), the Trust has retained AllianzGI U.S. to provide the Trust and the Portfolio, and the Portfolio’s shareholders, with investment advisory, administration and other services. |
| 3. | Effective May 1, 2017, AllianzGI U.S. shall waive 0.05% of its fees based on the average daily net assets of the Portfolio payable under the Management Agreement, for a term lasting through April 30, 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.
| Sincerely yours, | ||
| 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/ Xxxxxxx X. Xxxxxxxx | |
| Name: Xxxxxxx X. Xxxxxxxx Title: Managing Director | ||
