Semi-Annual Report by an Investment Company — Form N-SAR — ICA’40
Filing Table of Contents
Document/Exhibit Description Pages Size
1: NSAR-A Semi-Annual Report by an Investment Company 10 41K
2: EX-99.77C VOTES Matters Submitted to a Vote of Security 1 6K
Holders
4: EX-99.77D POLICIES Policies re: Security Investments 2± 8K
3: EX-99.77Q1 OTHR EXHB Other Disclosure 12 48K
‘EX-99.77Q1 OTHR EXHB’ — Other Disclosure
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INVESTMENT MANAGEMENT AGREEMENT
INVESTMENT MANAGEMENT AGREEMENT, made this 5th day of September, 2014,
between each closed-end management investment company listed on Schedule A
attached hereto and made a part hereof, as such Schedule A may be amended from
time to time, including to add or remove Funds (each a "Fund" and,
collectively, the "Funds"), and Pacific Investment Management Company LLC
("PIMCO").
WHEREAS, each Fund is registered with the Securities and Exchange Commission
("SEC") as a closed-end management investment company under the Investment
Company Act of 1940, as amended, and the rules and regulations thereunder (the
"1940 Act"); and
WHEREAS, each Fund desires to retain PIMCO to render investment advisory and
supervisory and administrative services hereunder with respect to the Fund; and
WHEREAS, each Fund engages in the business of investing and reinvesting its
assets in the manner and in accordance with the investment objective(s),
policies and restrictions applicable to the Fund; and
WHEREAS, PIMCO is willing to furnish investment advisory and supervisory and
administrative services and/or to arrange for such services in the manner and
on the terms hereinafter set forth; and
NOW, THEREFORE, in consideration of the premises and mutual covenants herein
contained, the parties agree as follows:
1. Appointment. Each Fund hereby appoints PIMCO to provide the investment
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advisory services to the Fund and to provide or procure the supervisory and
administrative and other services for the period and on the terms set forth in
this Agreement, as amended or supplemented from time to time. PIMCO accepts
such appointment and agrees during such period to render the services herein
set forth for the compensation herein provided.
2. Duties. (a) PIMCO shall, at its expense, (i) employ or associate with
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itself such persons as it believes appropriate to assist it in performing its
obligations under this Agreement and (ii) provide all services, equipment and
facilities necessary to perform its obligations under this Agreement. PIMCO may
from time to time seek research assistance and rely on investment management
resources available to it through its affiliated companies, but in no case
shall such reliance relieve PIMCO of any of its obligations hereunder, nor
shall a Fund be responsible for any additional fees or expenses hereunder as a
result.
3. Investment Advisory Services. (a) PIMCO shall provide to each Fund
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investment guidance and policy direction in connection with the management of
the Fund, including oral and written research, analysis, advice, and
statistical and economic data and information.
Consistent with the investment objective(s), policies and restrictions
applicable to each Fund, PIMCO will determine the securities and other assets
to be purchased or sold or the other techniques to be utilized (including, but
not limited to, the incurrence of leverage and securities lending) by the Fund
and will determine what portion of the Fund shall be invested in securities or
other assets, and what portion, if any, should be held uninvested.
Each Fund will have the benefit of the investment analysis and research,
the review of current economic conditions and trends and the consideration of
long-range investment policy generally available to investment advisory clients
of PIMCO. It is understood that PIMCO will not, to the extent inconsistent with
applicable law, use any material nonpublic information pertinent to investment
decisions undertaken in connection with this Agreement that may be in its
possession or in the possession of any of its affiliates.
(b) As manager of the assets of each Fund, PIMCO shall make investments
for the account of the Fund in accordance with PIMCO's best judgment and within
the investment objective(s), policies and restrictions applicable to the Fund,
the 1940 Act, any applicable SEC exemptive relief, no-action letters or other
guidance, and the provisions of the Internal Revenue Code of 1986 relating to
regulated investment companies, subject to policy decisions adopted by the
Fund's Board of Trustees/Directors.
(c) PIMCO shall furnish to each Fund's Board of Trustees/Directors
periodic reports on the investment performance of the Fund and on the
performance of its investment advisory obligations under this Agreement and
shall supply such additional reports and information as the Fund's officers or
Board of Trustees/Directors shall reasonably request.
(d) On occasions when PIMCO deems the purchase or sale of a security to
be in the best interest of a Fund as well as other of its clients, PIMCO, to
the extent permitted by applicable law, may, but shall not be obligated to,
aggregate the securities to be so sold or purchased in order to seek to obtain
the best execution of the order or lower brokerage commissions or other
transaction costs, if any. PIMCO may also on occasion purchase or sell a
particular security for one or more clients in different amounts. On either
occasion, and to the extent permitted by applicable law and regulations,
allocation of the securities so purchased or sold, as well as the expenses
incurred in the transaction, will be made by PIMCO in the manner it considers
to be equitable and consistent with its fiduciary obligations to a Fund and to
such other customers.
(e) PIMCO may cause each Fund to pay a broker which provides brokerage
and research services to PIMCO a commission for effecting a securities
transaction in excess of the amount another broker might have charged. Such
higher commissions may not be paid unless PIMCO determines in good faith that
the amount paid is reasonable in relation to the services received in terms of
the particular transaction or PIMCO's overall responsibilities to each Fund and
any other of PIMCO's clients.
(f) PIMCO may itself, or may cause each Fund to, commence, join in,
consent to or oppose the reorganization, recapitalization, consolidation, sale,
merger, foreclosure, liquidation or readjustment of the finances of any person
or the securities or other property thereof, and to deposit any securities or
other property with any protective, reorganization or similar committee.
Without limiting the generality of the foregoing, PIMCO may represent each Fund
on a creditors' (or similar) committee.
(g) PIMCO shall have sole authority to exercise whatever powers each
Fund may possess with respect to any of the assets of the Fund, including, but
not limited to, the right to vote proxies, the power to exercise rights,
options, warrants, conversion privileges and redemption privileges, and to
tender securities pursuant to a tender offer.
4. Supervisory and Administrative Services. Subject to the general
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supervision of the Board of Trustees/Directors, PIMCO shall provide or cause to
be furnished all supervisory and administrative and other services reasonably
necessary for the operation of each Fund, but not including underwriting or
distribution services.
(a) The supervisory and administrative services to be provided by PIMCO
shall include the following:
(i) PIMCO shall supervise and coordinate matters relating to the
operation of each Fund, including any necessary coordination among the
custodian, transfer agent, dividend disbursement agent and recordkeeping
agent (including pricing and valuation of the Fund), accountants,
attorneys, auction agents, and other parties performing services or
operational functions for the Fund. In connection with the supervision
of the pricing and valuation of each Fund, PIMCO shall establish such
systems and procedures as are necessary to carry out this function,
including systems and procedures relating to defaulted securities;
forensic reporting
and monitoring of securities and derivatives pricing, including checks
and balances against internal models and external pricing services;
tracking and reviewing fair valued securities; supervising pricing
vendors; monitoring for significant events occurring after the close of
trading that may affect the value of portfolio holdings; and
establishing net asset value estimation processes in the event the
custodian cannot produce a net asset value for shares of beneficial
interest ("Shares") of the Fund.
(ii) PIMCO shall provide, or cause a third party to provide, each
Fund, at PIMCO's expense, with adequate personnel, office space,
communications facilities, and other facilities necessary for the
effective supervision and administration of the Fund as contemplated in
this Agreement as well as provide, or cause a third party to provide,
the Fund, at PIMCO's expense, with the services of a sufficient number
of persons competent to perform such supervisory and administrative and
clerical functions as are necessary for compliance with federal
securities laws and other applicable laws.
(iii) PIMCO shall maintain or supervise the maintenance by third
parties of such books and records of each Fund as may be required by
applicable federal or state law.
(iv) PIMCO shall prepare or supervise the preparation by third
parties of all federal, state, local, and foreign tax returns and
reports of each Fund required by applicable law.
(v) PIMCO or an appointed third party shall prepare, file, and
arrange for the distribution of proxy materials and periodic reports to
financial intermediaries who hold shares of a Fund in nominee name or
shareholders of each Fund as required by applicable law and/or as agreed
to with such financial intermediary or shareholder, as applicable.
(vi) PIMCO or an appointed third party shall prepare and arrange for
the filing of such registration statements and other documents with the
SEC and other federal and state or other regulatory authorities,
securities exchanges and self-regulatory organizations as may be
required to register the Shares of each Fund, maintain the listing of
the Shares of each Fund that are listed for trading on a securities
exchange and qualify each Fund to do business or as otherwise required
by applicable law. PIMCO shall maintain registration of each Fund's
Shares in such other jurisdictions as it deems necessary and
appropriate. PIMCO shall maintain a review and certification program and
internal controls and procedures in accordance with relevant provisions
of the Sarbanes Oxley Act of 2002 as applicable to registered investment
companies. PIMCO shall maintain systems necessary to provide or procure
required disclosure in each Fund's registration statements, shareholder
reports, proxy statements, reports to securities exchanges and similar
regulatory documents, and Fund proxy voting information.
(vii) PIMCO shall take, or cause a third party to take, such other
action with respect to each Fund as may be required by applicable law,
including without limitation the rules and regulations of the SEC, the
Commodity Futures Trading Commission, securities exchanges on which the
Fund's Shares are listed for trading, state securities commissions and
other governmental and regulatory agencies. Such actions shall include,
but are not limited to, establishment and maintenance of a compliance
program in accordance with Rule 38a-1 under the 1940 Act, support of
each Fund's Chief Compliance Officer, and systems and procedures
necessary to effectuate the compliance program.
(viii) PIMCO shall provide, or cause a third party to provide, each
Fund with administrative services to shareholders, including: the
maintenance of a shareholder information telephone number; the provision
of certain statistical information and performance of the Fund; an
internet website (if requested); and maintenance of privacy protection
systems and procedures. Notwithstanding the foregoing, PIMCO may procure
or delegate provision of these services to third parties.
(b) Other Services. PIMCO shall also procure on behalf of each Fund, and
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at the expense of PIMCO, the following persons to provide services to the Fund:
(i) a custodian or custodians for the Fund to provide for the safekeeping of
the Fund's assets; (ii) a recordkeeping agent to maintain the portfolio
accounting records for the Fund; (iii) a transfer agent for the Fund; and
(iv) a dividend disbursing agent or registrar for the Fund. Each Fund and/or
PIMCO may be a party to any agreement with any of the persons referred to in
this Section 4(b).
(c) Personnel. PIMCO shall also make its officers and employees
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available to the Board of Trustees/Directors and officers of each Fund for
consultation and discussions regarding the supervision and administration of
the Fund and services provided to the Fund under this Agreement.
(d) Standards; Reports. In performing these supervisory and
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administrative services, PIMCO:
(i) shall conform with the 1940 Act, with all other applicable
federal, state and foreign laws and regulations, with all applicable
rules and regulations of securities exchanges on which a Fund's shares
are listed for trading, with any applicable procedures adopted by each
Fund's Board of Trustees/Directors, and, to the extent then currently
applicable, with the provisions of the Fund's Registration Statement
filed on Form N-2 as supplemented or amended from time to time.
(ii) will make available to each Fund, promptly upon request, any of
the Fund's books and records as are maintained under this Agreement, and
will furnish to regulatory authorities having the requisite authority
any such books and records and any information or reports in connection
with PIMCO's services under this Agreement that may be requested in
order to ascertain whether the operations of the Fund are being
conducted in a manner consistent with applicable laws and regulations.
(iii) will regularly report to each Fund's Board of
Trustees/Directors on the supervisory and administrative services
provided under this Agreement and will furnish the Fund's Board of
Trustees/Directors with respect to the Fund such periodic and special
reports as the Trustees/Directors or officers of the Fund may reasonably
request.
5. Calculation of Fees. Each Fund will pay to PIMCO as compensation for
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PIMCO's services rendered, for the facilities furnished and for the expenses
borne by PIMCO pursuant to Section 6, a fee, computed and paid monthly, at the
annual rate for each Fund set forth in Schedule A.
The average daily total managed assets or average daily net assets, as
applicable, of a Fund shall be determined by taking an average of all the
determinations of such amount during such month at the close of business on
each business day during such month while this Agreement is in effect. Such fee
shall be payable for each month within 5 business days after the end of such
month. If the fees payable to PIMCO pursuant to this Section 5 with respect to
a Fund begin to accrue before the end of any month or if this Agreement
terminates before the end of any month, the fees payable by the Fund for the
period from that date to the end of that month or from the beginning of that
month to the date of termination, as the case may be, shall be pro-rated
according to the proportion which the period bears to the full month in which
the effectiveness or termination occurs. For purposes of calculating "total
managed assets" or "daily net assets", the liquidation preference of any
preferred shares outstanding shall not be considered a liability. By way of
clarification, with respect to any reverse repurchase agreement, dollar roll or
similar transaction, "total managed assets" includes any proceeds from the sale
of an asset of a Fund to a counterparty in such a transaction, in addition to
the value of the underlying asset as of the relevant measuring date.
In the event that PIMCO has agreed to a fee waiver or an expense limitation
or reimbursement arrangement with a Fund, subject to such terms and conditions
as PIMCO and the Fund may set forth in such agreement, the compensation due
PIMCO hereunder shall be reduced, and, if necessary, PIMCO
shall bear expenses with respect to the Fund, to the extent required by such
fee waiver or expense limitation or reimbursement arrangement.
6. Allocation of Expenses. During the term of this Agreement, PIMCO will pay
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all expenses incurred by it in connection with its obligations under this
Agreement with respect to a Fund, except such expenses as are assumed by the
Fund under this Agreement. In addition, PIMCO shall bear the following expenses
under this Agreement:
(a) Expenses of all audits by each Fund's independent public accountants;
(b) Expenses of each Fund's transfer agent, registrar, dividend
disbursing agent, and recordkeeping agent;
(c) Expenses of each Fund's custodial services, including any
recordkeeping services provided by the custodian;
(d) Expenses of obtaining quotations for calculating the value of each
Fund's net assets;
(e) Expenses of maintaining each Fund's tax records;
(f) Costs and/or fees, including legal fees, incident to meetings of
each Fund's shareholders, the preparation, printing and mailings of each Fund's
prospectuses, notices and proxy statements, press releases and reports of the
Fund to its shareholders, the filing of reports with regulatory bodies, the
maintenance of the Fund's existence and qualification to do business, the
expenses of issuing, redeeming, registering and qualifying for sale, common
shares with federal and state securities authorities, and the expense of
qualifying and listing Shares with any securities exchange or other trading
system;
(g) Each Fund's ordinary legal fees, including the legal fees that arise
in the ordinary course of business for a Massachusetts business trust or
Maryland corporation, as applicable, registered as a closed-end management
investment company and, as applicable, listed for trading with a securities
exchange or other trading system;
(h) Costs of printing certificates representing Shares of each Fund, if
any;
(i) Each Fund's pro rata portion of the fidelity bond required by
Section 17(g) of the 1940 Act, or other insurance premiums; and
(j) Association membership dues.
Each Fund shall bear the following expenses:
(a) Salaries and other compensation or expenses, including travel
expenses, of any of the Fund's executive officers and employees, if any, who
are not officers, directors, shareholders, members, partners or employees of
PIMCO or its subsidiaries or affiliates;
(b) Taxes and governmental fees, if any, levied against the Fund;
(c) Brokerage fees and commissions, and other portfolio transaction
expenses incurred by or for the Fund (including, without limitation, fees and
expenses of outside legal counsel or third-party consultants retained in
connection with reviewing, negotiating and structuring specialized loan and
other investments made by the Fund, subject to specific or general
authorization by the Fund's Board of Trustees/Directors);
(d) Expenses of the Fund's securities lending (if any), including any
securities lending agent fees, as governed by a separate securities lending
agreement;
(e) Costs, including interest expenses, of borrowing money or engaging
in other types of leverage financing including, without limitation, through the
use by the Fund of reverse repurchase agreements, tender option bonds, bank
borrowings and credit facilities;
(f) Costs, including dividend and/or interest expenses and other costs
(including, without limitation, offering and related legal costs, fees to
brokers, fees to auction agents, fees to transfer agents, fees to ratings
agencies and fees to auditors associated with satisfying ratings agency
requirements for preferred shares or other securities issued by the Fund and
other related requirements in a Fund's organizational documents) associated
with the Fund's issuance, offering, redemption and maintenance of preferred
shares, commercial paper or other senior securities for the purpose of
incurring leverage;
(g) Fees and expenses of any underlying funds or other pooled vehicles
in which the Fund invests;
(h) Dividend and interest expenses on short positions taken by the Fund;
(i) Fees and expenses, including travel expenses, and fees and expenses
of legal counsel retained for their benefit, of Trustees/Directors who are not
officers, employees, partners, shareholders or members of PIMCO or its
subsidiaries or affiliates;
(j) Extraordinary expenses, including extraordinary legal expenses, as
may arise, including expenses incurred in connection with litigation,
proceedings, other claims, and the legal obligations of the Fund to indemnify
its Trustees/Directors, officers, employees, shareholders, distributors, and
agents with respect thereto;
(k) Organizational and offering expenses of the Fund, including with
respect to Share offerings, such as rights offerings and shelf offerings,
following the Fund's initial offering, and expenses associated with tender
offers and other Share repurchases and redemptions; and
(f) Expenses of the Fund which are capitalized in accordance with
generally accepted accounting principles.
7. Effectiveness and Termination. (a) This Agreement shall take effect with
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respect to each Fund as of the close of business on the date indicated above
(and, with respect to any amendment, or with respect to any additional fund,
the date of the amendment or supplement hereto), and shall remain in effect,
unless sooner terminated as provided herein, for one year from such date (or,
with respect to any additional Fund, for two years from the date of the
supplement), and shall continue thereafter on an annual basis with respect to
such Fund provided that such continuance is specifically approved at least
annually (i) by the vote of a majority of the outstanding voting securities (as
defined in the 1940 Act) of the Fund or by the Fund's Board of
Trustees/Directors; and (ii) by the vote, cast in person at a meeting called
for such purpose, of a majority of the Fund's Trustees/Directors who are not
parties to this Agreement or "interested persons" (as defined in the 1940 Act)
of any such party; provided, however, that if the continuance of this Agreement
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is submitted to the shareholders of a Fund for their approval and such
shareholders fail to approve such continuance of this Agreement as provided
herein, PIMCO may continue to serve hereunder with respect to such Fund in a
manner consistent with the 1940 Act. This Agreement may not be materially
amended with respect to a Fund or Funds without a vote of a majority of the
outstanding voting securities (as defined in the 1940 Act) of the pertinent
Fund or Funds. Schedule A may be amended from time to time to add new Funds
without a vote of the shareholders of any Fund.
(b) This Agreement may be terminated with respect to a 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 Fund's entire Board of Trustees/Directors on 60
days' written notice to PIMCO, or by PIMCO on 60 days' written notice to the
Fund. This Agreement shall terminate automatically in the event of its
assignment (as defined in the 1940 Act).
8. Liability. PIMCO shall give each Fund the benefit of PIMCO's best
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judgment and efforts in rendering services under this Agreement. PIMCO may rely
on information reasonably believed by it to be accurate and reliable. As an
inducement for PIMCO's undertaking to render services under this Agreement,
each Fund agrees that neither PIMCO nor its members, officers, directors, or
employees shall be subject to any liability for, or any damages, expenses or
losses incurred in connection with, any act or omission or mistake in judgment
connected with or arising out of any services rendered under this Agreement,
except by reason of willful misfeasance, bad faith, or gross negligence in
performance of PIMCO's duties, or by reason of reckless disregard of PIMCO's
obligations and duties under this Agreement. This provision shall govern only
the liability to each Fund of PIMCO and that of its members, officers,
directors, and employees, and shall in no way govern the liability to the Fund
or PIMCO or provide a defense for any other person including persons that
provide services for the Fund as described in this Agreement.
9. Non-Exclusivity. The services of PIMCO to each Fund under this Agreement
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are not to be deemed exclusive as to PIMCO and PIMCO will be free to render
similar services to other investment companies and other clients. Except to the
extent necessary to perform PIMCO's obligations under this Agreement, nothing
herein shall be deemed to limit or restrict the right of PIMCO, or any
affiliate of PIMCO, or any employee of PIMCO, to engage in any other business
or to devote time and attention to the management or other aspects of any other
business, whether of a similar or dissimilar nature, or to render services of
any kind to any other corporation, firm, individual or association.
10. Independent Contractor. PIMCO shall for all purposes herein be deemed to
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be an independent contractor and shall, unless otherwise expressly provided
herein or authorized by the Board of Trustees/Directors of each Fund from time
to time, have no authority to act for or represent the Fund in any way or
otherwise be deemed its agent.
11. Use of Name. It is understood that the names "Pacific Investment
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Management Company LLC" or "PIMCO" or any derivative thereof or logo associated
with those names and other servicemarks and trademarks owned by PIMCO and its
affiliates are the valuable property of PIMCO and its affiliates, and that each
Fund may use such names (or derivatives or logos) only as permitted by PIMCO.
12. Several Agreement of Each Fund. This Agreement, including all covenants,
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representations, warranties, and undertakings of any kind shall be construed so
as to give effect to the intention of the parties that this Agreement
constitutes a separate agreement between each Fund and PIMCO. The parties
acknowledge and agree that the rights and obligations of each Fund hereunder,
including as to any fees payable by the Fund to PIMCO or liabilities or other
obligations of PIMCO to the Fund or of the Fund to PIMCO, shall be several and
independent of one and other and neither joint nor joint and several with
respect to any other Fund. Notwithstanding anything to the contrary contained
in this Agreement, each party acknowledges and agrees that the sole source of
payment of the obligations of any Fund hereunder shall be the assets of such
Fund, and that PIMCO shall have no right of recourse or offset against the
revenues and assets of any other Fund.
13. Fund Obligation. With respect to those Funds that are organized as
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Massachusetts business trusts, a copy of the Agreement and Declaration of Trust
of each Fund that is a Massachusetts business trust is on file with the
Secretary of The Commonwealth of Massachusetts, and notice is hereby given that
this instrument is executed on behalf of each Fund by an officer of the Fund as
an officer and not individually and that the obligations imposed on each Fund
by this Agreement are not binding upon any of the Trustees/Directors, officers
or shareholders individually but are binding only upon the assets and property
of the Fund.
14. Counterparts. This Agreement may be executed in one or more
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counterparts, each of which shall be deemed to be an original.
15. Miscellaneous. This Agreement shall be governed by the laws of the State
-------------
of California, provided that nothing herein shall be construed in a manner
inconsistent with the 1940 Act, the Investment Advisers Act of 1940, or any
rule or order of the SEC thereunder, or the Commodity Exchange Act, or any rule
or order of the Commodity Futures Trading Commission thereunder.
(a) If any provision of this Agreement shall be held or made invalid by
a court decision, statute, rule or otherwise, the remainder of this Agreement
shall not be affected thereby and, to this extent, the provisions of this
Agreement shall be deemed to be severable. To the extent that any provision of
this Agreement shall be held or made invalid by a court decision, statute, rule
or otherwise with regard to any party, hereunder, such provisions with respect
to other parties hereto shall not be affected thereby.
(b) The captions in this Agreement are included for convenience only and
in no way define any of the provisions hereof or otherwise affect their
construction or effect.
(Remainder of page left intentionally blank.)
IN WITNESS WHEREOF, each of the parties has caused this instrument to be
executed in its name and behalf by its duly authorized representative under
seal as of the date first written above.
PACIFIC INVESTMENT MANAGEMENT COMPANY LLC
By:
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Title:
EACH FUND LISTED ON SCHEDULE A HERETO
(with respect to each Fund, severally and
neither jointly nor jointly and severally
with any other Fund)
By:
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Title: President & Chief Executive Officer
SCHEDULE A
(as of September 5, 2014)
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STATE OF
FUND ORGANIZATION/INCORPORATION FEE
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PCM Fund, Inc. Maryland corporation 0.900% of total managed assets. Total managed assets
includes total assets of the Fund (including assets
attributable to any reverse repurchase agreements,
borrowings and preferred shares that may be outstanding)
minus accrued liabilities (other than liabilities representing
reverse repurchase agreements and borrowings).
PIMCO California Municipal Massachusetts business trust 0.705% of average daily net asset value of the Fund
Income Fund (including daily net assets attributable to any preferred
shares of the Fund that may be outstanding).
PIMCO California Municipal Massachusetts business trust 0.705% of average daily net asset value of the Fund
Income Fund II (including daily net assets attributable to any preferred
shares of the Fund that may be outstanding).
PIMCO California Municipal Massachusetts business trust 0.715% of average daily net asset value of the Fund
Income Fund III (including daily net assets attributable to any preferred
shares of the Fund that may be outstanding).
PIMCO Corporate & Income Massachusetts business trust 0.810% of average daily net asset value of the Fund
Strategy Fund (including daily net assets attributable to any preferred
shares of the Fund that may be outstanding).
PIMCO Corporate & Income Massachusetts business trust 0.650% of average daily net asset value of the Fund
Opportunity Fund (including daily net assets attributable to any preferred
shares of the Fund that may be outstanding).
PIMCO Dynamic Income Massachusetts business trust 1.150% of total managed assets. Total managed assets
Fund includes total assets of the Fund (including assets
attributable to any reverse repurchase agreements, dollar
rolls, borrowings and preferred shares that may be
outstanding) minus accrued liabilities (other than liabilities
representing reverse repurchase agreements, dollar rolls
and borrowings).
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STATE OF
FUND ORGANIZATION/INCORPORATION FEE
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PIMCO Dynamic Credit Massachusetts business trust 1.150% of total managed assets. Total managed assets
Income Fund includes total assets of the Fund (including assets
attributable to any reverse repurchase agreements, dollar
rolls, borrowings and preferred shares that may be
outstanding) minus accrued liabilities (other than liabilities
representing reverse repurchase agreements, dollar rolls
and borrowings).
PIMCO Global Massachusetts business trust 1.105% of total managed assets. Total managed assets
StocksPLUS & Income Fund includes total assets of the Fund (including assets
attributable to any preferred shares and borrowings that
may be outstanding) minus accrued liabilities (other than
liabilities representing borrowings).
PIMCO High Income Fund Massachusetts business trust 0.760% of average daily net asset value of the Fund
(including daily net assets attributable to any preferred
shares of the Fund that may be outstanding).
PIMCO Income Opportunity Massachusetts business trust 1.055% of total managed assets. Total managed assets
Fund includes total assets of the Fund (including assets
attributable to any reverse repurchase agreements,
borrowings and preferred shares that may be outstanding)
minus accrued liabilities (other than liabilities representing
reverse repurchase agreements and borrowings).
PIMCO Municipal Income Massachusetts business trust 0.705% of average daily net asset value of the Fund
Fund (including daily net assets attributable to any preferred
shares of the Fund that may be outstanding).
PIMCO Municipal Income Massachusetts business trust 0.685% of average daily net asset value of the Fund
Fund II (including daily net assets attributable to any preferred
shares of the Fund that may be outstanding).
PIMCO Municipal Income Massachusetts business trust 0.705% of average daily net asset value of the Fund
Fund III (including daily net assets attributable to any preferred
shares of the Fund that may be outstanding).
PIMCO New York Municipal Massachusetts business trust 0.770% of average daily net asset value of the Fund
Income Fund (including daily net assets attributable to any preferred
shares of the Fund that may be outstanding).
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STATE OF
FUND ORGANIZATION/INCORPORATION FEE
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PIMCO New York Municipal Massachusetts business trust 0.735% of average daily net asset value of the Fund
Income Fund II (including daily net assets attributable to any preferred
shares of the Fund that may be outstanding).
PIMCO New York Municipal Massachusetts business trust 0.860% of average daily net asset value of the Fund
Income Fund III (including daily net assets attributable to any preferred
shares of the Fund that may be outstanding).
PIMCO Strategic Income Maryland corporation 0.955% of average daily net asset value of the Fund
Fund, Inc. (including daily net assets attributable to any preferred
shares of the Fund that may be outstanding).
Dates Referenced Herein and Documents Incorporated by Reference
| Referenced-On Page |
|---|
| This ‘NSAR-A’ Filing | | Date | | First | | Last | | | Other Filings |
|---|
| |  |
| Filed on / Effective on: | | 9/29/14 | | | | | | | 3 |
| | 9/5/14 | | 10 | | | | | 3 |
| For Period end: | | 7/31/14 | | | | | | | N-CSRS |
| List all Filings |
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Filing Submission 0001410368-14-000656 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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