Fee Policy Disclosure
The fees charged by PIMCO Asia Limited (“PIMCO Asia”) for its services as a discretionary investment manager to each of the separate accounts with each client are subject to a basic fee schedule which may vary with both the type of services provided and the amount of assets under management. Although fees typically range from between 0.25% to 0.50% annually of assets under management, the foregoing range is not necessarily indicative of fees which may be charged to any particular account.
While PIMCO Asia’s fees are generally based on a fixed fee schedule, in certain circumstances a client may request a performance fee schedule. Performance fees are typically equal to a percentage of the amount by which the account’s trading performance exceeds a sum equal to the total rate of return on the designated index plus a fixed amount and is usually in addition to a minimal base fee charged by PIMCO Asia. Trading performance is generally calculated over the trailing twelve months
PIMCO Asia’s fees are generally billed and payable quarterly in arrears and based upon the total market value of the account, typically calculated using the daily or the average market value for the billing period. For performance fees, the calculation is typically based on the average market value over a 3 to 12 month period. “Market value” for each asset in the account means the last sale price on the principal exchange on which the security is listed as reported in the financial press and is comprised of all funds and assets, including cash, cash accruals, additions, substitutions and alterations.
Our fees are determined based on a variety of factors, including the investment strategy, level of discretion, servicing requirements, and the overall relationship with PIMCO Asia and affiliates. Customized fee arrangements may be available for certain clients, such as those with performance-based fees or unique investment strategies such as commitment amount or notional assets. Fees for larger or specialized accounts, as well as for customized products and services, are negotiated on a case-by-case basis.