EX-99.9I 4 custodylendingfeeschedule.htm CUSTODY AND SECURITES LENDING FEE SCHEDULE custodylendingfeeschedule.htm

Custody and Securities Lending Fee schedule:

Allianz Variable Insurance Products Trust
Allianz Variable Insurance Products Fund of Funds Trust

Fee Schedule without Lending
      
         
   
Charge
Per Item
 Items
Charge
Structural Charges
      
 
Per Domestic Account
 $1,500.00
  
 -
 
Per Global Account
 $1,500.00
    
 
Per Fund of Fund
 $1,500.00
  
 -
         
   
 Basis
Points
Assets
Charge
Administrative Fee
    
 
Domestic
      
 
US Securities
0.250
  
 -
       
 
Global Markets
      
 
Developed Markets Category 1
2.00
  
 -
 
Developed Markets Category 2
3.50
  
 -
 
Developed Markets Category 3
6.00
  
 -
 
Intermediate Markets Category 4
12.00
  
 -
 
Intermediate Markets Category 5
20.00
  
 -
 
Emerging Markets- Category 6
40.00
  
 -
         
   
Charge
Per Item
 Items
Charge
Transaction Fee
    
 
Domestic
    
 
 
Per Depository Eligible Transaction
 $3.00
  
 -
 
Per Physical Transaction
 $25.00
  
 -
 
Per Wire Out/Vendor Payment/ Margin Variation Wire
 $3.00
  
 -
 
Per F/X Not Executed At Mellon
 $40.00
  
 -
         
Global
    
 
 
Developed Markets Category 1
 $15.00
  
 -
 
Developed Markets Category 2
 $30.00
  
 -
 
Developed Markets Category 3
 $40.00
  
 -
 
Intermediate Markets Category 4
 $50.00
  
 -
 
Intermediate Markets Category 5
 $60.00
  
 -
 
Emerging Markets- Category 6
 $85.00
  
 -
         
Third Party Securities Lending
 $100,000.00
    
         
         
TOTAL
    
$0

 
 
 


Fee Schedule with Lending
      
         
   
Charge
Per Item
 Items
Charge
Structural Charges
      
 
Per Domestic Account
 Fee Waived
  
 -
 
Per Global Account
 Fee Waived
    
 
Per Fund of Fund
 Fee Waived
  
 -
         
   
 Basis
Points
Assets
Charge
Administrative Fee
    
 
Domestic
      
 
US Securities
0.100
  
 -
       
 
Global Markets
      
 
Developed Markets Category 1
1.50
  
 -
 
Developed Markets Category 2
3.00
  
 -
 
Developed Markets Category 3
5.00
  
 -
 
Intermediate Markets Category 4
10.00
  
 -
 
Intermediate Markets Category 5
18.00
  
 -
 
Emerging Markets- Category 6
36.00
  
 -
         
   
Charge
Per Item
 Items
Charge
Transaction Fee
    
 
Domestic
    
 
 
Per Depository Eligible Transaction
 $3.00
  
 -
 
Per Physical Transaction
 $25.00
  
 -
 
Per Wire Out/Vendor Payment/ Margin Variation Wire
 $3.00
  
 -
 
Per F/X Not Executed At Mellon
 $40.00
  
 -
         
Global
    
 
 
Developed Markets Category 1
 $10.00
  
 -
 
Developed Markets Category 2
 $20.00
  
 -
 
Developed Markets Category 3
 $30.00
  
 -
 
Intermediate Markets Category 4
 $40.00
  
 -
 
Intermediate Markets Category 5
 $50.00
  
 -
 
Emerging Markets- Category 6
 $70.00
  
 -
         
Securities Lending
      
 
BNY Mellon has reviewed your portfolio information and estimates that Allianz could generate approximately $8,308,593 in total gross securities lending income.
      
         
 
100% of the income earned from the lending of the assets will be remitted to Allianz for the first month following the transfer of assets from the prior custodian.  Thereafter, 85% of the income earned from lending the assets will be remitted to Allianz and the remaining 15% will be retained by the bank up until $10,000,000 thereafter,  90% will go to Allianz and 10% will go to BNY Mellon.
      
TOTAL
    
$0

 
 
 


Notes
  
·
We will pass through to the client any out-of-pocket expenses including, but not limited to, postage, courier expense, registration fees, stamp duties, telex charges, custom reporting or custom programming, internal/external, legal or consulting costs and proxy voting expenses.
·
We reserve the right to amend our fees if the service requirements change in a way that materially affects our responsibilities or costs.  Support of other derivative investment strategies or special processing requirements (e.g. external cash sweep, etc.) may result in additional fees.
·
BNY Mellon will file class action Proofs of Claim on your behalf.  An amount equal to 2% of the proceeds will be charged against each participating account at the time the proceeds are credited.
·
A payment of approximately 1/12th of estimated annual fees will be paid monthly via an electronic debit with a quarterly true-up to actual fees incurred.  Additional amounts due (or overpayments to be refunded) will be payable within 30 days.  Fees not paid within 60 days of the date of the invoice will be subject to a late charge of 1.5% per month.
·
We reserve the right to assess a charge for managing the asset conversion (transfer).  Such charges may include, but are not limited to, travel expenses incurred during any such conversion.
·
The fee schedule with securities lending assumes BNY Mellon is the sole securities lending agent and collateral manager and may lend your entire pool of assets.  It also assumes that you will begin lending of securities within 60 days of the completion of reconcilement of converted assets.  If the commencement of lending is deferred beyond 60 days, an incremental fee will be assessed.
·
Earnings credits and overdraft rates will be calculated monthly on the basis of the following formula:
 
(Net Positive/Net Negative) * (Avg. FF Rate ) / 365
 
"Net Positive":  equals the average net positive balances maintained by a Portfolio over the course of the applicable month less the applicable reserve requirement
 
"Net Negative": equals the average net negative balances maintained by a Portfolio over the course of the applicable month plus the applicable reserve requirement.
 
"Avg. FF Rate":  equals the average Federal Funds Rate over the course of the applicable month.
 
At the end of each month, the net positive earnings credits and overdraft amounts are netted by Portfolio and offset against the applicable custody fees generated by each Portfolio.
·
Excess Earnings Credits:
 
Monthly credit balances will roll forward to offset future Custodian fees and expenses.  Unused Daily Credits will expire at calendar year end. Credit balances may not be transferred.  They are used exclusively to offset Custodian fees and expenses and shall not be applied against investment or other related expenses.
·
This fee schedule is guaranteed for 3 years.
Market Tiers:
   
Developed
Category 1
Canada, Euroclear, France, Germany, Italy, Japan, Netherlands, New Zealand, Spain, Sweden, Switzerland, United Kingdom
Category 2
Australia, Belgium, CEDEL, Finland, Ireland,  Luxembourg, Mexico,  Norway, South Africa
Category 3
Argentina, Austria, Brazil, Denmark, Hong Kong, Malaysia, Portugal, Singapore, South Korea, Sri Lanka, Thailand, Turkey
Intermediate

 
 
 


Category 4
Czech Republic, Greece, Hungary, Indonesia, Israel, Peru, Taiwan, Zimbabwe
Category 5
Bangladesh, Bermuda, Botswana, Ghana,  Mauritius, Pakistan, Philippines, Poland,  Slovak Republic, Uruguay
Emerging
Category 6
Bahrain, Bolivia, Bulgaria, Chile, China, Colombia, Croatia, Egypt, Estonia, Iceland, India, Jordan, Kazakhstan, Lativia, Lebanon,  Lithuania, Morocco, Oman, Panama, Romania, Russia, Slovenia, Tunisia, Ukraine, Venezuela, Vietnam, Zambia
   
   
Signature Page:
   
 
Allianz Variable Insurance Products Trust
Signature:
 /s/ Brian Muench
Name:
 Brian Muench
Date
 2-4-09
 
Allianz Variable Insurance Products Fund of Funds Trust
Signature:
 /s/ Brian Muench
Name:
 Brian Muench
Date
 2-4-09
   
 
The Bank of New York Mellon
Signature:
 /s/ Donald Brophy
Name:
 Donald Brophy
Date
 2-4-09