EX-99.H5I 41 h5iexaela.htm EXHIBIT A TO EXP LIM AGMT h5iexaela.htm

REVISED EXHIBIT A
To the Amended Expense Limitation Agreement Dated May 1, 2007, between Allianz Variable Insurance Products Trust and Allianz Investment Management LLC (formerly Allianz Life Advisers, LLC).
 
Not withstanding section 3 (Term and Termination of Agreement), the Amended Expense Limitation Agreement may not be terminated prior to April 30, 2012.  The Operating Expense Limit for each Fund is as follows:
 
Name of FundExpense Limitation
 
AZL Allianz AGIC Opportunity Fund     1.35%
 
AZL BlackRock Capital Appreciation Fund     1.20%
 
AZL Columbia Mid Cap Value Fund      1.30%
 
AZL Columbia Small Cap Value Fund
 
Class 1 shares     1.10%
 
Class 2 shares     1.35%
 
AZL Davis NY Venture Fund
 
Class 1 shares     0.95%
 
Class 2 shares     1.20%
 
AZL Dreyfus Equity Growth Fund     1.20%
 
AZL Eaton Vance Large Cap Value Fund     1.20%
 
AZL Enhanced Bond Index Fund     0.70%
 
AZL Franklin Small Cap Value Fund     1.35%
 
AZL Franklin Templeton Founding Strategy
 
Plus Fund     1.20%
 
AZL Gateway Fund     1.25%
 
AZL International Index Fund (1)     0.70%
 
AZL Invesco International Equity Fund     1.45%
 
AZL JPMorgan U.S. Equity Fund
 
Class 1 shares     0.95%
 
Class 2 shares     1.20%

Name of FundExpense Limitation
 
AZL MFS Investors Trust Fund     1.20%
 
AZL Mid Cap Index Fund (1)     0.60%
 
AZL Money Market Fund     0.87%
 
AZL Morgan Stanley Global Real Estate Fund    1.35%
 
AZL Morgan Stanley International Equity Fund     1.39%
 
AZL Morgan Stanley Mid Cap Growth Fund     1.30%
 
AZL NFJ International Value Fund     1.45%
 
AZL Russell 1000 Growth Index Fund     0.84%
 
AZL Russell 1000 Value Index Fund     0.84%
 
AZL S&P 500 Index Fund (1)
 
Class 1 shares     0.24%
 
Class 2 shares    0.49%
 
AZL Schroder Emerging Markets Equity Fund
 
Class 1 shares     1.40%
 
Class 2 shares     1.65%
 
AZL Small Cap Stock Index Fund (1)     0.58%
 
AZL Turner Quantitative Small Cap Growth
 
Fund     1.35%
 
AZL Van Kampen Equity and Income Fund     1.20%
 
AZL Van Kampen Growth and Income Fund     1.20%

___________________________________
 
 
(1)
Effective May 1, 2011, the Operating Expense Limit for the following Funds is revised as follows:
 
 
AZL International Index Fund
0.77%
 
AZL Mid Cap Index Fund
0.71%
 
AZL S&P 500 Index Fund, Cl. 1
0.46%
 
AZL S&P 500 Index Fund, Cl. 2
0.71%
 
AZL Small Cap Stock Index Fund
0.71%
 
Acknowledged:
 
ALLIANZ VARIABLE INSURANCE PRODUCTS TRUST
 
By:      /s/ Brian Muench
 
Name: Brian Muencn
 
Title:  Vice President
 
ALLIANZ INVESTMENT MANAGEMENT LLC
 
By:      /s/ Brian Muench
 
Name: Brian Muencn
 
Title:  Vice President

Updated:  11/3/2010