ALLIANZ GLOBAL INVESTORS DISTRIBUTORS LLC · Firm Profile Firm Names and Locations Its fiscal year...

BrokerCheck Report

ALLIANZ GLOBAL INVESTORS DISTRIBUTORS LLC

Section Title

Report Summary

Firm History

CRD# 25567

1

8

Firm Profile 2 - 7

Page(s)

Firm Operations 9 - 29

Disclosure Events 30

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ALLIANZ GLOBAL INVESTORSDISTRIBUTORS LLC

CRD# 25567

SEC# 8-41811

Main Office Location

1633 BROADWAYNEW YORK, NY 10019Regulated by FINRA New York Office

Mailing Address

1633 BROADWAYNEW YORK, NY 10019

Business Telephone Number

212-739-4000

Report Summary for this Firm

This report summary provides an overview of the brokerage firm. Additional information for this firm can be foundin the detailed report.

Disclosure Events

Brokerage firms are required to disclose certaincriminal matters, regulatory actions, civil judicialproceedings and financial matters in which the firm orone of its control affiliates has been involved.

Are there events disclosed about this firm? Yes

The following types of disclosures have beenreported:

Type Count

Regulatory Event 2

Civil Event 2

Firm Profile

This firm is classified as a limited liability company.

This firm was formed in Delaware on 11/20/1997.

Its fiscal year ends in December.

Firm History

Information relating to the brokerage firm's historysuch as other business names and successions(e.g., mergers, acquisitions) can be found in thedetailed report.

Firm Operations

Is this brokerage firm currently suspended with anyregulator? No

This firm conducts 4 types of businesses.

This firm is affiliated with financial or investmentinstitutions.

This firm does not have referral or financialarrangements with other brokers or dealers.

This firm is registered with:

• the SEC• 1 Self-Regulatory Organization• 53 U.S. states and territories

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1©2020 FINRA. All rights reserved. Report about ALLIANZ GLOBAL INVESTORS DISTRIBUTORS LLC


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This firm is classified as a limited liability company.

This firm was formed in Delaware on 11/20/1997.

CRD#

This section provides the brokerage firm's full legal name, "Doing Business As" name, business and mailingaddresses, telephone number, and any alternate name by which the firm conducts business and where such name isused.

Firm Profile

Firm Names and Locations

Its fiscal year ends in December.

ALLIANZ GLOBAL INVESTORS DISTRIBUTORS LLC

SEC#

25567

8-41811

Main Office Location

Mailing Address

Business Telephone Number

Doing business as ALLIANZ GLOBAL INVESTORS DISTRIBUTORS LLC

212-739-4000

Regulated by FINRA New York Office



Other Names of this Firm

Name Where is it used

ALLIANZ GLOBAL INVESTORS AK, AL, AR, AZ, CA,CO, CT, DC, DE, FL,GA, HI, IA, ID, IL, IN,KS, KY, LA, MA, MD,ME, MI, MN, MO,MS, MT, NC, ND, NE,NH, NJ, NM, NV, NY,OH, OK, OR, PA, PR,RI, SC, SD, TN, TX,UT, VA, VI, VT, WA,WI, WV, WY






This section provides information relating to all direct owners and executive officers of the brokerage firm.

Direct Owners and Executive Officers

Firm Profile

Position

Percentage of Ownership

Is this a public reportingcompany?

Position Start Date

Does this owner direct themanagement or policies ofthe firm?

ALLIANZ GLOBAL INVESTORS U.S. HOLDINGS LLC

SOLE MEMBER

75% or more

No

Domestic Entity

01/2002

Yes

Is this a domestic or foreignentity or an individual?

Legal Name & CRD# (if any):

Position



Position Start Date


LEE, RICHARD FENTON

PRINCIPAL OPERATIONS OFFICER

Less than 5%

No

Individual

02/2019

No

1567973



Position


Position Start Date

OCHOCO, JONATHAN GUERRERO

CHIEF COMPLIANCE OFFICER

Less than 5%

Individual

11/2018

6850835








Direct Owners and Executive Officers (continued)

Firm Profile




Less than 5%

No

Yes

Position



Position Start Date


RUCKMAN, CRAIG ALLEN

CHIEF LEGAL OFFICER

Less than 5%

No

Individual

05/2019

Yes

7128834



Position



Position Start Date


SHIVDASANI, PRASHIR V

CHIEF FINANCIAL OFFICER, FINANCIAL OPERATIONS PRINCIPAL,PRINCIPAL FINANCIAL OFFICER

Less than 5%

No

Individual

04/2017

Yes

5704413








Direct Owners and Executive Officers (continued)

Firm Profile

Position



Position Start Date


THOMPSON, KATHLEEN C

CHIEF EXECUTIVE OFFICER

Less than 5%

No

Individual

01/2017

Yes

3014852








This section provides information relating to any indirect owners of the brokerage firm.

Indirect Owners

Firm Profile

ALLIANZ EUROPE B.V.

SOLE STOCKHOLDER

ALLIANZ OF AMERICA, INC.

75% or more

No

Foreign Entity

06/2012

No



Company through whichindirect ownership isestablished

Relationship to Direct Owner

Relationship Established




ALLIANZ OF AMERICA, INC.

SOLE STOCKHOLDER

PFP HOLDINGS, INC

75% or more

No

Domestic Entity

12/2011

Yes









ALLIANZ SE

ALLIANZ EUROPE B.V.

Foreign Entity









Indirect Owners (continued)

Firm Profile

SOLE STOCKHOLDER

ALLIANZ EUROPE B.V.

75% or more

No

06/2012

Yes







PFP HOLDINGS, INC

MEMBER

ALLIANZ GLOBAL INVESTORS U.S. HOLDINGS LLC

75% or more

No

Domestic Entity

04/2020

Yes














Firm History

This section provides information relating to any successions (e.g., mergers, acquisitions) involving the firm.

No information reported.






Firm Operations

RegistrationsThis section provides information about the regulators (Securities and Exchange Commission (SEC), self-regulatoryorganizations (SROs), and U.S. states and territories) with which the brokerage firm is currently registered andlicensed, the date the license became effective, and certain information about the firm's SEC registration.

This firm is currently registered with the SEC, 1 SRO and 53 U.S. states and territories.

SEC Registration Questions

This firm is registered with the SEC as:

A broker-dealer:

A broker-dealer and government securities broker or dealer:

A government securities broker or dealer only:

This firm has ceased activity as a government securities broker or dealer:

Yes

No

No

No

Federal Regulator Status Date Effective

SEC Approved 10/25/1989

Self-Regulatory Organization Status Date Effective

FINRA Approved 10/19/1989






Firm Operations

Registrations (continued)

U.S. States &Territories

Status Date Effective

Alabama Approved 03/10/1998

Alaska Approved 11/27/1990

Arizona Approved 09/18/1992

Arkansas Approved 05/02/1997

California Approved 02/24/1998

Colorado Approved 11/13/1989

Connecticut Approved 06/05/1997

Delaware Approved 09/28/1990

District of Columbia Approved 04/20/1990

Florida Approved 07/29/1991

Georgia Approved 06/27/1990

Hawaii Approved 03/21/1998

Idaho Approved 11/26/1990

Illinois Approved 07/26/1990

Indiana Approved 11/27/1990

Iowa Approved 11/20/1990

Kansas Approved 03/06/1991

Kentucky Approved 07/10/1990

Louisiana Approved 11/08/1990

Maine Approved 04/24/1991

Maryland Approved 03/01/1991

Massachusetts Approved 12/07/1990

Michigan Approved 12/22/1999

Minnesota Approved 11/19/1990

Mississippi Approved 07/25/1990

Missouri Approved 01/28/1991

Montana Approved 11/30/1990

Nebraska Approved 01/31/1998

Nevada Approved 07/02/1990

New Hampshire Approved 12/27/1990

New Jersey Approved 08/01/1991

New Mexico Approved 01/11/1991

New York Approved 10/27/1989

U.S. States &Territories

Status Date Effective

North Carolina Approved 11/07/1990

North Dakota Approved 11/26/1990

Ohio Approved 12/13/1990

Oklahoma Approved 02/13/1991

Oregon Approved 02/06/1991

Pennsylvania Approved 03/11/1991

Puerto Rico Approved 03/04/1991

Rhode Island Approved 10/12/1990

South Carolina Approved 11/30/1990

South Dakota Approved 07/23/1990

Tennessee Approved 11/07/1990

Texas Approved 12/04/1990

Utah Approved 11/30/1990

Vermont Approved 04/22/1991

Virgin Islands Approved 03/30/2005

Virginia Approved 09/20/1990

Washington Approved 02/04/1991

West Virginia Approved 10/09/1990

Wisconsin Approved 01/02/1991

Wyoming Approved 06/29/1990






Firm Operations

Types of BusinessThis section provides the types of business, including non-securities business, the brokerage firm is engaged in orexpects to be engaged in.

Other Types of Business

This firm does not effect transactions in commodities, commodity futures, or commodity options.This firm does not engage in other non-securities business.

Non-Securities Business Description:

This firm currently conducts 4 types of businesses.

Types of Business

Mutual fund underwriter or sponsor

Mutual fund retailer

Private placements of securities

Other - THE FIRM MAY ALSO (I) ACT AS CO-MANAGER OF RIGHTS OFFERINGS OF CLOSED-END FUNDS; (II)ACT AS WHOLESALER OF OFFSHORE FUNDS; (III) PROVIDE MARKETING SUPPORT FOR CLOSED-ENDFUNDS AND RELATED SHAREHOLDER SERVICING; AND (IV) MARKET SECURITIES ISSUED PURSUANT TOSECTION 529 TUITION PLANS.






Firm Operations

Clearing Arrangements

This firm does not hold or maintain funds or securities or provide clearing services for other broker-dealer(s).

Introducing Arrangements

This firm does not refer or introduce customers to other brokers and dealers.






Firm Operations

Industry Arrangements

This firm does have books or records maintained by a third party.

Name: STARCOMPLIANCE

Business Address: 370 LEXINGTON AVENUESUITE 501NEW YORK, NY 10017

Effective Date: 04/03/2017

Description: PURSUANT TO A WRITTEN CONTRACT, STARCOMPLIANCE PROVIDESCERTAIN SERVICES TO ALLIANZ GLOBAL INVESTORS DISTRIBUTORSLLC WHICH INVOLVE ELECTRONIC DATA STORAGE SERVICES.

Name: RED OAK COMPLIANCE SOLUTIONS LLC

Business Address: 1101 ARROW POINT DRIVEBUILDING 3, SUITE 301CEDAR PARK, TX 78613


Description: AGID OR AN AFFILIATE HAS ENTERED INTO AN ARRANGEMENTS WITHRED OAK COMPLIANCE SOLUTIONS LLC ("RED OAK") PURSUANT TOWHICH RED OAK PROVIDES AGID WITH ELECTRONIC ARCHIVINGREGARDING THE REVIEW OF ADVERTISING AND MARKETINGDOCUMENTS.

Name: VERITAS TECHNOLOGIES LLC

Business Address: 500 EAST MIDDLEFIELD ROADMOUNTAIN VIEW, CA 94043


Description: AGID OR AN AFFILIATE HAS ENTERED INTO CERTAIN ARRANGEMENTSWITH SYMANTEC CORPORATION PURSUANT TO WHICH SYMANTECCORPORATION PROVIDES ELECTRONIC ARCHIVING SERVICES WITHRESPECT TO THE EMAIL OF AGIDS' ASSOCIATED PERSONS.NOTE: EFFECTIVE 10/3/15, SYMANTEC CORPORATION SPLIT INTO TWOCOMPANIES, SYMANTEC CORPORATION AND VERITAS TECHNOLOGIESLLC. ALL EMAIL ARCHIVING SOLUTIONS WILL NOW BE PART OF VERITASTECHNOLOGIES LLC.

Name: AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC

Business Address: 6201 15TH AVENUEBROOKLYN, NY 11219

Effective Date: 09/17/2012 13©2020 FINRA. All rights reserved. Report about ALLIANZ GLOBAL INVESTORS DISTRIBUTORS LLC





Firm Operations

Industry Arrangements (continued)


Description: CERTAIN BOOKS AND RECORDS OF THE APPLICANT RELATING TOTRANSACTIONS IN SHARES OF CLOSED-END MUTUAL FUNDS AREMAINTAINED BY AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC.

Name: SMARSH, INC.

Business Address: 921 SW WASHINGTON STREETSUITE 540PORTLAND, OR 97205


Description: AGID OR AN AFFILIATE HAS ENTERED INTO CERTAIN ARRANGEMENTSWITH SMARSH, INC. PURSUANT TO WHICH SMARSH PROVIDES SOCIALNETWORKING WEB SITE COMPLIANCE SERVICES INCLUDINGELECTRONIC ARCHIVING FOR SOCIAL NETWORKING WEB SITE.

Name: BLOOMBERG L.P.

Business Address: 731 LEXINGTON AVE.NEW YORK, NY 10022


Description: AGID HAS ENTERED INTO CERTAIN ARRANGEMENTS WITHBLOOMBERG L.P. PURSUANT TO WHICH BLOOMBERG L.P.'SBLOOMBERG VAULT ("BVAULT") PROVIDES ELECTRONIC ARCHIVINGSERVICES WITH RESPECT TO THE EMAIL OF CERTAIN AGIDASSOCIATED PERSONS.

Name: HANZO ARCHIVES LIMITED

Business Address: 64 CLIFTON STREETLONDON, UNITED KINGDOM EC2A 4HB


Description: AGID OR AN AFFILIATE HAS ENTERED INTO CERTAIN ARRANGEMENTSWITH HANZO ARCHIVES LIMITED ("HANZO") PURSUANT TO WHICHHANZO PROVIDES AGID WITH ELECTRONIC ARCHIVING OF ITS WEBSITE AND RELATED SERVICES.

Name: STATE STREET INVESTMENT MANAGER SOLUTIONS, LLC

Business Address: P.O. BOX 57020IRVINE, CA 92619


Description: AGID OR AN AFFILIATE HAS ENTERED INTO CERTAIN ARRANGEMENTSWITH STATE STREET INVESTMENT MANAGER SOLUTIONS, LLC("SSIMS") PURSUANT TO WHICH SSIMS PROVIDES ELECTRONICARCHIVING TO AGID OF CERTAIN BOOKS AND RECORDS.






Firm Operations

Industry Arrangements (continued)Description: AGID OR AN AFFILIATE HAS ENTERED INTO CERTAIN ARRANGEMENTS

WITH STATE STREET INVESTMENT MANAGER SOLUTIONS, LLC("SSIMS") PURSUANT TO WHICH SSIMS PROVIDES ELECTRONICARCHIVING TO AGID OF CERTAIN BOOKS AND RECORDS.

Name: WILLIAM B. MEYER, INC.

Business Address: 255 LONG BEACH BLVDSTRATFORD, CT 06615


Description: OFF-SITE RECORDS STORAGE AND RELATED SERVICES.

Name: NOVA RECORDS LLC, A CORNERSTONE RECORDS MANAGEMENTCOMPANY

Business Address: 9 EMPIRE BLVDSOUTH HACKENSACK, NJ 07606


Description: OFF-SITE RECORDS STORAGE AND RELATED SERVICES.

Name: BOSTON FINANCIAL DATA SERVICES, INC.

Business Address: 330 W. 9TH ST.4TH FLOORKANSAS CITY, MO 64105


Description: CERTAIN BOOKS AND RECORDS OF AGID RELATING TO TRANSACTIONSIN SHARES OF MUTUAL FUNDS FOR WHICH AGID NOW OR PREVIOUSLYSERVED AS DISTRIBUTOR ARE MAINTAINED BY BOSTON FINANCIALDATA SERVICES, INC.

Name: BNY MELLON INVESTMENT SERVICING (US) INC.

Business Address: 4400 COMPUTER DR.WESTBOROUGH, MA 01581


Description: CERTAIN BOOKS AND RECORDS OF THE APPLICANT RELATING TOTRANSACTIONS IN SHARES OF CLOSED-END MUTUAL FUNDS AREMAINTAINED BY BNY MELLON INVESTMENT SERVICING (US) INC.

Name: ALLIANZ ASSET MANAGEMENT OF AMERICA L.P.

Business Address: 650 NEWPORT CENTER DR.SUITE 250NEWPORT BEACH, CA 92660

Effective Date: 06/25/200115©2020 FINRA. All rights reserved. Report about ALLIANZ GLOBAL INVESTORS DISTRIBUTORS LLC





Firm Operations

Industry Arrangements (continued)

This firm does not have accounts, funds, or securities maintained by a third party.

This firm does not have customer accounts, funds, or securities maintained by a third party.

This firm does not have individuals who control its management or policies through agreement.

This firm does not have individuals who wholly or partly finance the firm's business.

Control Persons/Financing


Description: THE APPLICANT HAS ENTERED INTO CERTAIN ARRANGEMENTS WITHALLIANZ ASSET MANAGEMENT OF AMERICA L.P. PURSUANT TO WHICHALLIANZ ASSET MANAGEMENT OF AMERICA L.P. MAINTAINS CERTAINBOOKS AND RECORDS ON BEHALF OF THE APPLICANT.






Firm Operations

Organization AffiliatesThis section provides information on control relationships the firm has with other firms in the securities, investmentadvisory, or banking business.

This firm is, directly or indirectly:

· in control of· controlled by· or under common control withthe following partnerships, corporations, or other organizations engaged in the securities or investmentadvisory business.

Yes

No

CHINA

Yes

03/27/2019

ROOM 1403, LEVEL 14, SHANGHAI TOWER501 YINCHENG MIDDLE RD, LUJIAZUI, PUDONG NEW AREASHANGHAI, CHINA 200120

ALLIANZ GLOBAL INVESTORS ASSET MANAGEMENT (SHANGHAI) LIMITED is under common control withthe firm.

ALLIANZ GLOBAL INVESTORS ASSET MANAGEMENT (SHANGHAI)LIMITED AND THE APPLICANT ARE BOTH INDIRECTLY OWNED BY ALLIANZSE, THE ULTIMATE PARENT.

Description:

Investment AdvisoryActivities:

Securities Activities:

Country:

Foreign Entity:

Effective Date:

Business Address:

Yes

No

TAIWAN

Yes

01/28/2019

40F., NO. 68, SEC. 5, ZHONGXIAO E. RD., XINYI DISTTAIPEI CITY, TAIWAN 11065

PIMCO TAIWAN LIMITED is under common control with the firm.

PIMCO TAIWAN LIMITED AND THE APPLICANT ARE BOTH INDIRECTLYOWNED BY ALLIANZ SE, THE ULTIMATE PARENT.

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:






Firm Operations

Organization Affiliates (continued)

Yes

No

No

01/02/2019

440 STEVENS AVE., SUITE 260SOLANA BEACH, CA 92075

143597

GURTIN MUNICIPAL BOND MANAGEMENT is under common control with the firm.

GURTIN MUNICIPAL BOND MANAGEMENT AND THE APPLICANT ARE BOTHINDIRECTLY OWNED BY ALLIANZ SE, THE ULTIMATE PARENT

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

CRD #:

Yes

No

CHINA

Yes

08/10/2018

ROOM 1403, LEVEL 14, SHANGHAI TOWER501 YINCHENG MIDDLE RD, LUJIAZUI, PUDONG NEW AREASHANGHAI, CHINA 200120

ALLIANZ GLOBAL INVESTORS OVERSEAS ASSET MANAGEMENT (SHANGHAI) LIMITED is under commoncontrol with the firm.

ALLIANZ GLOBAL INVESTORS OVERSEAS ASSET MANAGEMENT(SHANGHAI) LIMITED AND THE APPLICANT ARE BOTH INDIRECTLY OWNEDBY ALLIANZ SE, THE ULTIMATE PARENT.

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

GERMANY

Yes

02/21/2018

SEIDLSTR. 24-24AMUNIC, GERMANY 80335

ALLIANZ CAPITAL PARTNERS GMBH is under common control with the firm.

Country:

Foreign Entity:

Effective Date:

Business Address:






Firm Operations


Yes

No

GERMANY

ALLIANZ CAPITAL PARTNERS GMBH AND THE APPLICANT ARE BOTHINDIRECTLY OWNED BY ALLIANZ SE, THE ULTIMATE PARENT.

Description:



Country:

Yes

No

No

04/01/2018


161684

ALLIANZ CAPITAL PARTNERS OF AMERICA LLC is under common control with the firm.

ALLIANZ CAPITAL PARTNERS OF AMERICA LLC AND THE APPLICANT AREBOTH DIRECTLY OWNED BY ALLIANZ GLOBAL INVESTORS U.S. HOLDINGSLLC. ALLIANZ GLOBAL INVESTORS U.S. HOLDINGS LLC. IS INDIRECTLYOWNED BY ALLIANZ SE, THE ULTIMATE PARENT.

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

CRD #:

Yes

No

AUSTRALIA

Yes

08/15/2016

5 MARTIN PLACE, LEVEL 19SYDNEY, AUSTRALIA NSW 2000

PIMCO AUSTRALIA MANAGEMENT LIMITED is under common control with the firm.

PIMCO AUSTRALIA MANAGEMENT LIMITED AND THE APPLICANT ARE BOTHINDIRECTLY OWNED BY ALLIANZ SE, THE ULTIMATE PARENT.

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:






Firm Operations


Yes

No

UK

Yes

05/31/2016

199 BISHOPSGATELONDON, UK EC2M 3TY

TOKIO MARINE ROGGE ASSET MANAGEMENT LIMITED is under common control with the firm.

TOKIO MARINE ROGGE ASSET MANAGEMENT LIMITED AND THEAPPLICANT ARE BOTH INDIRECTLY OWNED BY ALLIANZ SE, THE ULTIMATEPARENT.

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

Yes

Yes

SWITZERLAND

Yes

10/01/2015

GOTTFRIED-KELLER-STRASSE 5ZURICH, SWITZERLAND 8001

ALLIANZ GLOBAL INVESTORS (SCHWEIZ) AG is under common control with the firm.

ALLIANZ GLOBAL INVESTORS (SCHWEIZ) AG AND THE APPLICANT AREBOTH INDIRECTLY OWNED BY ALLIANZ SE, THE ULTIMATE PARENT.

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

No

No

01/03/2013

5701 GOLDEN HILLS DRIVEMINNEAPOLIS, MN 55416

111925

ALLIANZ INVESTMENT MANAGEMENT LLC is under common control with the firm.


Country:

Foreign Entity:

Effective Date:

Business Address:

CRD #:






Firm Operations


Yes

ALLIANZ INVESTMENT MANAGEMENT LLC AND THE APPLICANT ARE BOTHINDIRECTLY OWNED BY ALLIANZ SE, THE ULTIMATE PARENT.

Description:


No

Yes

No

01/03/2013

5701 GOLDEN HILLS DR.MINNEAPOLIS, MN 55416

612

ALLIANZ LIFE FINANCIAL SERVICES, LLC is under common control with the firm.

ALLIANZ LIFE FINANCIAL SERVICES, LLC AND THE APPLICANT ARE BOTHINDIRECTLY OWNED BY ALLIANZ SE, THE ULTIMATE PARENT.

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

CRD #:

Yes

No

BRAZIL

Yes

03/16/2012

AV. BRIGADEIRO FARIA LIMA 3477TORRE A, 5° ANDARSÃO PAULO, BRAZIL 04538-133

PIMCO LATIN AMERICA ADMINISTRADOR DE CARTEIRAS LTDA. is under common control with the firm.

PIMCO LATIN AMERICA ADMINISTRADOR DE CARTEIRAS LTDA. AND THEAPPLICANT ARE BOTH INDIRECTLY OWNED BY ALLIANZ SE, THE ULTIMATEPARENT.

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

SEIDLSTRASSE 24-24AMUNICH, GERMANY 80335

PIMCO DEUTSCHLAND GMBH is under common control with the firm.

Business Address:






Firm Operations


Yes

Yes

GERMANY

Yes

12/22/2011

SEIDLSTRASSE 24-24AMUNICH, GERMANY 80335

PIMCO DEUTSCHLAND GMBH AND THE APPLICANT ARE BOTH INDIRECTLYOWNED BY ALLIANZ SE, THE ULTIMATE PARENT.

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

No

Yes

No

06/27/2011

1633 BROADWAY45TH FLOORNEW YORK, NY 10019

154957

PIMCO INVESTMENTS LLC is under common control with the firm.

PIMCO INVESTMENTS LLC AND THE APPLICANT ARE BOTH INDIRECTLYOWNED BY ALLIANZ SE, THE ULTIMATE PARENT.

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

CRD #:

Yes

No

LUXEMBOURG

Yes

12/16/2010

49, AVENUE J.F. KENNEDYLUXEMBOURG, GRAND DUCHY OF LUXEMBOURG L-1855

PIMCO GLOBAL ADVISORS (LUXEMBOURG) S.A. is under common control with the firm.

PIMCO GLOBAL ADVISORS (LUXEMBOURG) S.A. AND THE APPLICANT AREBOTH INDIRECTLY OWNED BY ALLIANZ SE, THE ULTIMATE PARENT.

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:






Firm Operations


PIMCO GLOBAL ADVISORS (LUXEMBOURG) S.A. AND THE APPLICANT AREBOTH INDIRECTLY OWNED BY ALLIANZ SE, THE ULTIMATE PARENT.

Description:

Yes

No

GERMANY

Yes

05/20/2008

REINSBURGSTR, 19STUTTGART, GERMANY 70178

ALLIANZ TREUHAND GMBH is under common control with the firm.

ALLIANZ TREUHAND GMBH AND THE APPLICANT ARE BOTH INDIRECTLYOWNED BY ALLIANZ SE, THE ULTIMATE PARENT.

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

Yes

No

CAYMAN ISLANDS

Yes

07/23/2001

27TH FL. ICBC TOWER3 GARDEN RD., CENTRALHONG KONG, HONG KONG

ALLIANZ GLOBAL INVESTORS NOMINEE SERVICES LTD. is under common control with the firm.

ALLIANZ GLOBAL INVESTORS NOMINEE SERVICES LTD. AND THEAPPLICANT ARE BOTH INDIRECTLY OWNED BY ALLIANZ SE, THE ULTIMATEPARENT.

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

TAIWAN

Yes

07/23/2001

5 FLR., NO. 378 FU-HSING N. ROADTAIPEI, TAIWAN 10476

ALLIANZ GLOBAL INVESTORS TAIWAN LTD. is under common control with the firm.

Country:

Foreign Entity:

Effective Date:

Business Address:






Firm Operations


Yes

No

TAIWAN

ALLIANZ GLOBAL INVESTORS TAIWAN LTD. AND THE APPLICANT ARE BOTHINDIRECTLY OWNED BY ALLIANZ SE, THE ULTIMATE PARENT.

Description:



Country:

Yes

No

JAPAN

Yes

04/30/2004

ARK HILLS SOUTH TOWER 19F1-4-5 ROPPONGI, MINATO-KUTOKYO, JAPAN 106-0032

ALLIANZ GLOBAL INVESTORS JAPAN CO. LTD. is under common control with the firm.

ALLIANZ GLOBAL INVESTORS JAPAN CO. LTD. AND THE APPLICANT AREBOTH INDIRECTLY OWNED BY ALLIANZ SE, THE ULTIMATE PARENT.

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

Yes

No

SINGAPORE

Yes

07/23/2001

12 MARINA VIEW#13-02 ASIA SQUARE TOWER 2SINGAPORE, SINGAPORE 018961

ALLIANZ GLOBAL INVESTORS SINGAPORE LTD. is under common control with the firm.

ALLIANZ GLOBAL INVESTORS SINGAPORE LTD. AND THE APPLICANT AREBOTH INDIRECTLY OWNED BY ALLIANZ SE, THE ULTIMATE PARENT.

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

BOCKENHEIMER LANDSTRASSE 42-44FRANKFURT/MAIN, GERMANY 60323

ALLIANZ GLOBAL INVESTORS GMBH is under common control with the firm.

Business Address:24©2020 FINRA. All rights reserved. Report about ALLIANZ GLOBAL INVESTORS DISTRIBUTORS LLC





Firm Operations


Yes

No

GERMANY

Yes

09/03/2012

BOCKENHEIMER LANDSTRASSE 42-44FRANKFURT/MAIN, GERMANY 60323

ALLIANZ GLOBAL INVESTORS GMBH AND THE APPLICANT ARE BOTHINDIRECTLY OWNED BY ALLIANZ SE, THE ULTIMATE PARENT.

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

Yes

No

No

12/31/2011

1633 BROADWAY43RD FLOORNEW YORK, NY 10019

149003

ALLIANZ GLOBAL INVESTORS U.S. LLC is under common control with the firm.

ALLIANZ GLOBAL INVESTORS U.S. LLC AND THE APPLICANT ARE BOTHDIRECTLY OWNED BY ALLIANZ GLOBAL INVESTORS U.S. HOLDINGS LLC.ALLIANZ GLOBAL INVESTORS U.S. HOLDINGS LLC. IS INDIRECTLY OWNEDBY ALLIANZ SE, THE ULTIMATE PARENT.

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

CRD #:

HONG KONG

Yes

04/26/2011

27TH FLOOR, ICBC TOWER3 GARDEN ROAD CENTRALHONG KONG, HONG KONG

289358

ALLIANZ GLOBAL INVESTORS ASIA PACIFIC LIMITED is under common control with the firm.

Country:

Foreign Entity:

Effective Date:

Business Address:

CRD #:






Firm Operations


Yes

No

HONG KONG

ALLIANZ GLOBAL INVESTORS ASIA PACIFIC LIMITED AND THE APPLICANTARE BOTH INDIRECTLY OWNED BY ALLIANZ SE, THE ULTIMATE PARENT.

Description:



Country:

Yes

Yes

CANADA

Yes

12/15/2006

199 BAY STREET, SUITE 2050COMMERCE COURT, PO BOX 363TORONTO, ONTARIO, CANADA ML5 1G2

PIMCO CANADA CORP. is under common control with the firm.

PIMCO CANADA CORP. AND THE APPLICANT ARE BOTH INDIRECTLYOWNED BY ALLIANZ SE, THE ULTIMATE PARENT.

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

Yes

No

HONG KONG

Yes

10/15/2005

SUITE 2201, 22ND FLOOR, TWO INTERNATIONAL CTR.NO. 8 FINANCE STREET, CENTRALHONG KONG, HONG KONG

PIMCO ASIA LTD is under common control with the firm.

PIMCO ASIA LTD AND THE APPLICANT ARE BOTH INDIRECTLY OWNED BYALLIANZ SE, THE ULTIMATE PARENT.

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

11 BAKER STREETLONDON, ENGLAND W1U 3AH

PIMCO EUROPE LIMITED is under common control with the firm.

Business Address:26©2020 FINRA. All rights reserved. Report about ALLIANZ GLOBAL INVESTORS DISTRIBUTORS LLC





Firm Operations


Yes

No

UNITED KINGDOM

Yes

10/18/2001

11 BAKER STREETLONDON, ENGLAND W1U 3AH

PIMCO EUROPE LIMITED AND THE APPLICANT ARE BOTH INDIRECTLYOWNED BY ALLIANZ SE, THE ULTIMATE PARENT.

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

Yes

No

SINGAPORE

Yes

10/18/2001

8 MARINA VIEW, ASIA SQUARETOWER 1, LEVEL 30SINGAPORE, SINGAPORE 238880

PIMCO ASIA PTE LTD. is under common control with the firm.

PIMCO ASIA PTE LTD. AND THE APPLICANT ARE BOTH INDIRECTLY OWNEDBY ALLIANZ SE, THE ULTIMATE PARENT

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

Yes

No

AUSTRALIA

Yes

10/18/2001

5 MARTIN PLACELEVEL 19SYDNEY, AUSTRALIA NSW 2000

PIMCO AUSTRALIA PTY LTD. is under common control with the firm.



Country:

Foreign Entity:

Effective Date:

Business Address:






Firm Operations


Yes

PIMCO AUSTRALIA PTY LTD. AND THE APPLICANT ARE BOTH INDIRECTLYOWNED BY ALLIANZ SE, THE ULTIMATE PARENT.

Description:


Yes

No

IRELAND

Yes

10/18/2001

78 SIR JOHN ROGERSON'S QUAYDUBLIN 2, IRELAND D02HD32

PIMCO GLOBAL ADVISORS (IRELAND) LIMITED is under common control with the firm.

PIMCO GLOBAL ADVISORS (IRELAND) LIMITED AND THE APPLICANT AREBOTH INDIRECTLY OWNED BY ALLIANZ SE, THE ULTIMATE PARENT.

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

Yes

No

BRITISH VIRGIN ISLANDS

Yes

10/18/2001

TONAMOMON TOWERS, 18F4-1-28, TORANOMON, MINATO-KUTOKYO, JAPAN 105-0001

PIMCO JAPAN LTD. is under common control with the firm.

PIMCO JAPAN LTD. AND THE APPLICANT ARE BOTH INDIRECTLY OWNED BYALLIANZ SE, THE ULTIMATE PARENT.

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

11/15/1994

650 NEWPORT CENTER DR.NEWPORT BEACH, CA 92660

104559

PACIFIC INVESTMENT MANAGEMENT COMPANY LLC is under common control with the firm.

Effective Date:

Business Address:

CRD #:






Firm Operations


Yes

No

No

11/15/1994

PACIFIC INVESTMENT MANAGEMENT COMPANY LLC AND THE APPLICANTARE BOTH INDIRECTLY OWNED BY ALLIANZ SE, THE ULTIMATE PARENT.

Description:



Country:

Foreign Entity:

Effective Date:

This firm is not directly or indirectly, controlled by the following:

· bank holding company· national bank· state member bank of the Federal Reserve System· state non-member bank· savings bank or association· credit union· or foreign bank






Disclosure Events

All firms registered to sell securities or provide investment advice are required to disclose regulatory actions, criminal orcivil judicial proceedings, and certain financial matters in which the firm or one of its control affiliates has been involved.For your convenience, below is a matrix of the number and status of disclosure events involving this brokerage firm orone of its control affiliates. Further information regarding these events can be found in the subsequent pages of thisreport.

Final On AppealPending

Regulatory Event 0 2 0

Civil Event 0 2 0






Disclosure Event Details

What you should know about reported disclosure events:

1. BrokerCheck provides details for any disclosure event that was reported in CRD. It also includessummary information regarding FINRA arbitration awards in cases where the brokerage firm wasnamed as a respondent.

2. Certain thresholds must be met before an event is reported to CRD, for example: o A law enforcement agency must file formal charges before a brokerage firm is required to disclose a

particular criminal event.3. Disclosure events in BrokerCheck reports come from different sources:

o Disclosure events for this brokerage firm were reported by the firm and/or regulators. When the firmand a regulator report information for the same event, both versions of the event will appear in theBrokerCheck report. The different versions will be separated by a solid line with the reporting sourcelabeled.

4. There are different statuses and dispositions for disclosure events: o A disclosure event may have a status of pending, on appeal, or final.

§ A "pending" event involves allegations that have not been proven or formally adjudicated.§ An event that is "on appeal" involves allegations that have been adjudicated but are currently

being appealed.§ A "final" event has been concluded and its resolution is not subject to change.

o A final event generally has a disposition of adjudicated, settled or otherwise resolved.§ An "adjudicated" matter includes a disposition by (1) a court of law in a criminal or civil matter,

or (2) an administrative panel in an action brought by a regulator that is contested by the partycharged with some alleged wrongdoing.

§ A "settled" matter generally involves an agreement by the parties to resolve the matter.Please note that firms may choose to settle customer disputes or regulatory matters forbusiness or other reasons.

§ A "resolved" matter usually involves no payment to the customer and no finding ofwrongdoing on the part of the individual broker. Such matters generally involve customerdisputes.

5. You may wish to contact the brokerage firm to obtain further information regarding any of thedisclosure events contained in this BrokerCheck report.

Regulatory - Final

This type of disclosure event involves (1) a final, formal proceeding initiated by a regulatory authority (e.g., a statesecurities agency, self-regulatory organization, federal regulator such as the U.S. Securities and Exchange Commission,foreign financial regulatory body) for a violation of investment-related rules or regulations; or (2) a revocation orsuspension of the authority of a brokerage firm or its control affiliate to act as an attorney, accountant or federalcontractor.

Disclosure 1 of 2

Reporting Source: Firm

Allegations: THE REGISTRANT AND CERTAIN OF ITS CONTROL AFFILIATES FAILED TODISCLOSE TO THE BOARD OR TO THE SHAREHOLDERS OF THE FUND FORWHICH THE REGISTRANT WAS SERVING AS A PRINCIPAL UNDERWRITERMATERIAL FACTS INCLUDING CONFLICTS OF INTEREST THAT AROSEFROM THE REGISTRANT'S ARRANGEMENTS WITH RETAIL BROKER-DEALERS FOR INCREASED SHELF SPACE WITHIN THE RETAIL BROKER-DEALERS' DISTRIBUTION SYSTEMS.

Current Status: Final






Initiated By: SECURITIES AND EXCHANGE COMMISSION

Principal Sanction(s)/ReliefSought:

Civil and Administrative Penalt(ies) /Fine(s)

Other Sanction(s)/ReliefSought:

CEASE AND DESIST, CENSURE, DISGORGEMENT

Date Initiated: 09/15/2004

Docket/Case Number: SEC ADMIN FILE NO. 3-11661

Principal Product Type: Mutual Fund(s)

Other Product Type(s):

Allegations: THE REGISTRANT AND CERTAIN OF ITS CONTROL AFFILIATES FAILED TODISCLOSE TO THE BOARD OR TO THE SHAREHOLDERS OF THE FUND FORWHICH THE REGISTRANT WAS SERVING AS A PRINCIPAL UNDERWRITERMATERIAL FACTS INCLUDING CONFLICTS OF INTEREST THAT AROSEFROM THE REGISTRANT'S ARRANGEMENTS WITH RETAIL BROKER-DEALERS FOR INCREASED SHELF SPACE WITHIN THE RETAIL BROKER-DEALERS' DISTRIBUTION SYSTEMS.

Resolution Date: 09/15/2004

Resolution:

Other Sanctions Ordered:

Sanction Details: THE REGISTRANT AND CERTAIN OF ITS CONTROL AFFILIATES WEREORDERED TO PAY DISGORGEMENT IN THE AMOUNT OF $6,602,000 AND TOPAY CIVIL MONEY PENALTIES IN THE AMOUNT OF $5,000,000 (OF WHICHTHE REGISTRANT SHALL JOINTLY AND SEVERALLY PAY $4,000,000 WITH PAFUND MANAGEMENT LLC).

Firm Statement THE REGISTRANT AND CERTAIN OF ITS CONTROL AFFILIATES CONSENTEDTO AN ORDER BY THE SEC IMPOSING THE FOLLOWING REMEDIALSANCTIONS: (1) CENSURE; (2) CEASE AND DESIST; (3) PAY DIGORGEMENTIN THE AMOUNT OF $6,602,000; (4) PAY CIVIL MONEY PENALTIES IN THEAMOUNT OF $5,000,000 (OF WHICH THE REGISTRANT SHALL JOINTLY ANDSEVERALLY PAY $4,000,000 WITH PA FUND MANAGEMENT LLC); AND (5)IMPLEMENT AND MAINTAIN CERTAIN WRITTEN COMPLIANCE POLICIES ANDPROCEDURES.

Sanctions Ordered: CensureMonetary/Fine $5,000,000.00Disgorgement/RestitutionCease and Desist/Injunction

Settled

Disclosure 2 of 2

i






Disclosure 2 of 2

Reporting Source: Regulator

Initiated By: UNITED STATES SECURITIES AND EXCHANGE COMMISSION


Cease and Desist



Docket/Case Number: 3-11645



Allegations: SEC ADMIN PROC FILE NO. 3-11645, RELS 34-50354, IA REL 40-2292, IC REL40-26594, DATED SEPTEMBER 13, 2004 - THIS ACTION CONCERNS THENEGOTIATED, BUT UNDISCLOSED, MARKET TIMING AGREEMENT BETWEENRESPONDENT AND A HEDGE FUND ALLOWING THE HEDGE FUND TOMARKET TIME SEVERAL MUTUAL FUNDS. RESPONDENT, ENTRUSTED WITHADVISING AND DISTRIBUTING THE FUNDS, REPRESENTED TO INVESTORSTHAT THE FUNDS WOULD LIMIT A PRACTICE KNOWN AS MARKET TIMING.PAD WILLFULLY VIOLATED SECTION 17(D) OF THE INVESTMENT COMPANYACT AND RULE 17D-1 THEREUNDER, IN THAT PAD, AS PRINCIPALUNDERWRITER, ACTING AS PRINCIPAL, EFFECTED TRANSACTIONS INCONNECTION WITH JOINT ARRANGEMENTS IN WHICH CERTAIN FUNDSWERE JOINT PARTICIPANTS WITH PAD IN CONTRAVENTION OF RULES ANDREGULATIONS THE COMMISSION HAS PRESCRIBED.



Resolution:


Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?

No


Order







Sanction Details: PURSUANT TO SECTION 15(B)(4) OF THE EXCHANGE ACT, PAD ISCENSURED. PURSUANT TO SECTION 203(K) OF THE ADVISERS ACT ANDSECTION 9(F) OF THE INVESTMENT COMPANY ACT, PAD SHALL CEASE ANDDESIST FROM COMMITTING OR CAUSING ANY VIOLATIONS AND ANYFUTURE VIOLATIONS OF SECTIONS 206(1) AND 206(2) OF THE ADVISERSACT AND SECTIONS 17(D) AND 34(B) OF THE INVESTMENT COMPANY ACTAND RULE 17D-1 THEREUNDER. PAD SHALL COMPLY WITH THEUNDERTAKINGS SET FORTH IN THE ORDER. PAD SHALL JOINTLY PAYDISGORGEMENT IN THE AMOUNT OF $10,000,000. PAD AND OTHER IAFIRMS PREVIOUSLY MADE A PAYMENT OF $1,616,738 TO THE MUTUALFUNDS. PAD SHALL THEREFORE JOINTLY PAY THE REMAINING $8,383,262OF DISGORGEMENT INTO AN ESCROW ACCOUNT. PAD WILL PAY CIVILMONEY PENALTIES IN THE AMOUNT OF $10,000,000. THERE SHALL BE,PURSUANT TO SECTION 308(A) OF THE SARBANES-OXLEY ACT OF 2002, AFAIR FUND ESTABLISHED FOR THE FUNDS DESCRIBED. PAD SHALL,WITHIN 20 DAYS OF THE ENTRY OF THIS ORDER, PAY THE DISGORGEMENTAND PENALTIES INTO AN ESCROW ACCOUNT.

Regulator Statement THE SEC DEEMS IT APPROPRIATE AND IN THE PUBLIC INTEREST THATADMINISTRATIVE AND CEASE-AND-DESIST PROCEEDINGS BE, ANDHEREBY ARE, INSTITUTED, AGAINST PEA CAPITAL LLC F/K/A PIMCO EQUITYADVISORS LLC. IN ANTICIPATION OF THE INSTITUTION OF THESEPROCEEDINGS, RESPONDENT HAS SUBMITTED AN OFFER OFSETTLEMENT THAT THE COMMISSION HAS DETERMINED TO ACCEPT.SEC ADMIN RELEASE 34-80603, IA RELEASE 40-4699, INVESTMENTCOMPANY ACT RELEASE 40-32625 / MAY 5, 2017: SINCE THE ENTRY OF THE2004 ORDER, PA DISTRIBUTORS LLC WAS RENAMED ALLIANZ GLOBALINVESTORS DISTRIBUTORS LLC ("AGID"), MAKING AGID SUBJECT TO THEUNDERTAKINGS IN THE 2004 ORDER.AGID HAS SUBMITTED AN OFFER OF SETTLEMENT (THE "OFFER"), WHICHTHE COMMISSION HAS DETERMINED TO ACCEPT, PROPOSING TO RELIEVETHEM OF THE OBLIGATIONS TO CONTINUE TO: (1) MAINTAIN AN INTERNALCOMPLIANCE CONTROLS COMMITTEE IN ACCORDANCE WITH PARAGRAPH60.B OF THE 2004 ORDER; (2) UNDERGO BI-ANNUAL THIRD PARTYCOMPLIANCE REVIEWS IN ACCORDANCE WITH PARAGRAPH 62 OF THE2004 ORDER; (3) MAINTAIN A SENIOR-LEVEL EMPLOYEE RESPONSIBLEFOR CONFLICTS OF INTEREST REPORTING IN ACCORDANCE WITHPARAGRAPH 60.C OF THE 2004 ORDER; (4) REQUIRE THE CCO OF AGID TOREPORT BREACHES OF FIDUCIARY DUTY AND/OR VIOLATIONS OF THEFEDERAL SECURITIES LAWS IN ACCORDANCE WITH PARAGRAPH 60.D OFTHE 2004 ORDER; (5) MAINTAIN A CODE OF ETHICS OVERSIGHTCOMMITTEE IN ACCORDANCE WITH PARAGRAPH 60.A OF THE 2004ORDER; (6) MAINTAIN A CORPORATE OMBUDSMAN IN ACCORDANCE WITHPARAGRAPH 60.E OF THE 2004 ORDER; (7) CONDUCT A SHAREHOLDERS'MEETING TO ELECT THE BOARD OF TRUSTEES AT LEAST EVERY FIVEYEARS IN ACCORDANCE WITH PARAGRAPH 58.C OF THE 2004 ORDER; (8)HAVE 75 PERCENT OF ANY ALLIANZ FUND BOARD OF TRUSTEES BEDISINTERESTED IN ACCORDANCE WITH PARAGRAPH 58.A.I OF THE 2004ORDER; (9) HAVE THE CHAIRMAN OF THE BOARD OF TRUSTEES OF ANYALLIANZ FUND BE DISINTERESTED IN ACCORDANCE WITH PARAGRAPH58.A.II OF THE 2004 ORDER; AND (10) HAVE ANY ACTION BE APPROVED BYA MAJORITY OF DISINTERESTED MEMBERS OF THE BOARD OF TRUSTEESIN ACCORDANCE WITH PARAGRAPH 58.B OF THE 2004 ORDER.SOLELY FOR PURPOSES OF THESE PROCEEDINGS AND WITHOUTADMITTING OR DENYING THE FINDINGS HEREIN, EXCEPT AS TO THECOMMISSION'S JURISDICTION OVER IT AND THE SUBJECT MATTER OFTHESE PROCEEDINGS, WHICH ARE ADMITTED, THE RESPONDENTCONSENT TO THE ENTRY OF THIS ORDER MODIFYING ORDERINSTITUTING ADMINISTRATIVE AND CEASE-AND-DESIST PROCEEDINGSPURSUANT TO SECTION 15(B) OF THE SECURITIES EXCHANGE ACT OF1934, SECTIONS 203(E) AND 203(K) OF THE INVESTMENT ADVISERS ACT OF1940 AND SECTIONS 9(B) AND 9(F) OF THE INVESTMENT COMPANY ACT OF1940, MAKING FINDINGS, AND IMPOSING REMEDIAL SANCTIONS AND ACEASE-AND-DESIST ORDER.






THE SEC DEEMS IT APPROPRIATE AND IN THE PUBLIC INTEREST THATADMINISTRATIVE AND CEASE-AND-DESIST PROCEEDINGS BE, ANDHEREBY ARE, INSTITUTED, AGAINST PEA CAPITAL LLC F/K/A PIMCO EQUITYADVISORS LLC. IN ANTICIPATION OF THE INSTITUTION OF THESEPROCEEDINGS, RESPONDENT HAS SUBMITTED AN OFFER OFSETTLEMENT THAT THE COMMISSION HAS DETERMINED TO ACCEPT.SEC ADMIN RELEASE 34-80603, IA RELEASE 40-4699, INVESTMENTCOMPANY ACT RELEASE 40-32625 / MAY 5, 2017: SINCE THE ENTRY OF THE2004 ORDER, PA DISTRIBUTORS LLC WAS RENAMED ALLIANZ GLOBALINVESTORS DISTRIBUTORS LLC ("AGID"), MAKING AGID SUBJECT TO THEUNDERTAKINGS IN THE 2004 ORDER.AGID HAS SUBMITTED AN OFFER OF SETTLEMENT (THE "OFFER"), WHICHTHE COMMISSION HAS DETERMINED TO ACCEPT, PROPOSING TO RELIEVETHEM OF THE OBLIGATIONS TO CONTINUE TO: (1) MAINTAIN AN INTERNALCOMPLIANCE CONTROLS COMMITTEE IN ACCORDANCE WITH PARAGRAPH60.B OF THE 2004 ORDER; (2) UNDERGO BI-ANNUAL THIRD PARTYCOMPLIANCE REVIEWS IN ACCORDANCE WITH PARAGRAPH 62 OF THE2004 ORDER; (3) MAINTAIN A SENIOR-LEVEL EMPLOYEE RESPONSIBLEFOR CONFLICTS OF INTEREST REPORTING IN ACCORDANCE WITHPARAGRAPH 60.C OF THE 2004 ORDER; (4) REQUIRE THE CCO OF AGID TOREPORT BREACHES OF FIDUCIARY DUTY AND/OR VIOLATIONS OF THEFEDERAL SECURITIES LAWS IN ACCORDANCE WITH PARAGRAPH 60.D OFTHE 2004 ORDER; (5) MAINTAIN A CODE OF ETHICS OVERSIGHTCOMMITTEE IN ACCORDANCE WITH PARAGRAPH 60.A OF THE 2004ORDER; (6) MAINTAIN A CORPORATE OMBUDSMAN IN ACCORDANCE WITHPARAGRAPH 60.E OF THE 2004 ORDER; (7) CONDUCT A SHAREHOLDERS'MEETING TO ELECT THE BOARD OF TRUSTEES AT LEAST EVERY FIVEYEARS IN ACCORDANCE WITH PARAGRAPH 58.C OF THE 2004 ORDER; (8)HAVE 75 PERCENT OF ANY ALLIANZ FUND BOARD OF TRUSTEES BEDISINTERESTED IN ACCORDANCE WITH PARAGRAPH 58.A.I OF THE 2004ORDER; (9) HAVE THE CHAIRMAN OF THE BOARD OF TRUSTEES OF ANYALLIANZ FUND BE DISINTERESTED IN ACCORDANCE WITH PARAGRAPH58.A.II OF THE 2004 ORDER; AND (10) HAVE ANY ACTION BE APPROVED BYA MAJORITY OF DISINTERESTED MEMBERS OF THE BOARD OF TRUSTEESIN ACCORDANCE WITH PARAGRAPH 58.B OF THE 2004 ORDER.SOLELY FOR PURPOSES OF THESE PROCEEDINGS AND WITHOUTADMITTING OR DENYING THE FINDINGS HEREIN, EXCEPT AS TO THECOMMISSION'S JURISDICTION OVER IT AND THE SUBJECT MATTER OFTHESE PROCEEDINGS, WHICH ARE ADMITTED, THE RESPONDENTCONSENT TO THE ENTRY OF THIS ORDER MODIFYING ORDERINSTITUTING ADMINISTRATIVE AND CEASE-AND-DESIST PROCEEDINGSPURSUANT TO SECTION 15(B) OF THE SECURITIES EXCHANGE ACT OF1934, SECTIONS 203(E) AND 203(K) OF THE INVESTMENT ADVISERS ACT OF1940 AND SECTIONS 9(B) AND 9(F) OF THE INVESTMENT COMPANY ACT OF1940, MAKING FINDINGS, AND IMPOSING REMEDIAL SANCTIONS AND ACEASE-AND-DESIST ORDER.

iReporting Source: Firm

Initiated By: UNITED STATES SECURITIES AND EXCHANGE COMMISSION


Allegations: THE REGISTRANT, AND CERTAIN OF ITS CONTROL AFFILIATES, AREALLEGED TO HAVE VIOLATED, OR AIDED AND ABETTED VIOLATIONS OF,THE ANTIFRAUD PROVISIONS OF THE FEDERAL SECURITIES LAWS,SECTION 17(A) OF THE SECURITIES ACT OF 1933, SECTION 10(B) OF THESECURITIES EXCHANGE ACT OF 1934 AND RULE 10B-5 THEREUNDER, ANDSECTIONS 206(1) AND 206(2) OF THE INVESTMENT ADVISERS ACT OF 1940.CERTAIN CONTROL AFFILIATES ARE FURTHER ALLEGED TO HAVEVIOLATED SECTION 34(B) OF THE INVESTMENT COMPANY ACT OF 1940FOR MAKING FALSE AND MISLEADING PORTFOLIO DISCLOSURES. THEREGISTRANT, AND CERTAIN OF ITS CONTROL AFFILIATES ARE ALSOALLEGED TO HAVE VIOLATED SECTION 17(D) OF THE INVESTMENTCOMPANY ACT AND RULE 17D-1 THEREUNDER FOR PARTICIPATING INJOINT TRANSACTIONS RAISING A CONFLICT OF INTEREST. FINALLY,CERTAIN CONTROL AFFILIATES ARE ALLEGED TO HAVE VIOLATEDSECTION 204(A) OF THE ADVISERS ACT FOR FAILING TO HAVE WRITTENPOLICIES TO PREVENT THE DISCLOSURE OF NON-PUBLIC PORTFOLIOHOLDINGS TO OTHERS.








Cease and Desist


CIVIL PENALTIES, DISGORGEMENT

Docket/Case Number: SEC ADM. FILE 3-11645/RELEASE 34-50354




Resolution:


Sanction Details: PURSUANT TO THE OFFER OF SETTLEMENT, THE REGISTRANT ANDCERTAIN OF ITS CONTROL AFFLIATES, WITHOUT ADMITTING OR DENYINGTHE ALLEGATIONS IN THE COMPLAINT AND WITHOUT ANY FINDINGTHEREON, CONSENTED TO THE ENTRY OF AN ORDER BY THE SEC TOJOINTLY PAY DISGORGEMENT IN THE AMOUNT OF $10,000,000 (OF WHICH$1,616,738 WAS PREVIOUSLY PAID) AND TO PAY CIVIL MONEY PENALTIES INTHE AMOUNT OF $40,000,000 (OF WHICH REGISTRANT SHALL PAY$10,000,000).

Firm Statement PURSUANT TO THE OFFER OF SETTLEMENT, THE REGISTRANT ANDCERTAIN OF ITS CONTROL AFFLIATES, WITHOUT ADMITTING OR DENYINGTHE ALLEGATIONS IN THE COMPLAINT AND WITHOUT ANY FINDINGTHEREON, CONSENTED TO THE ENTRY OF AN ORDER BY THE SECIMPOSING THE FOLLOWING REMEDIAL SANCTIONS: (1) PURSUANT TOSECTION 203(E) OF THE ADVISERS ACT AND SECTION 15(B)(4)OF THEEXCHANGE ACT, THE REGISTRANT AND CERTAIN OF ITS CONTROLAFFILIATES WERE CENSURED; (2) PURSUANT TO SECTION 203(K) OF THEADVISERS ACT AND SECTION 9(F) OF THE INVESTMENT COMPANY ACT,THE REGISTRANT AND CERTAIN OF ITS CONTROL AFFILIATES SHALLCEASE AND DESIST FROM COMMITING OR CAUSING ANY VIOLATIONS ORFUTURE VIOLATIONS OF SECTIONS 204(A), 206(1) AND 206(2) OF THEADVISERS ACT AND SECTIONS 17(D) AND 34(B) OF THE INVESTMENTCOMPANY ACT AND RULE 17D-1 THEREUNDER; (3) TO JOINTLY PAYDISGORGEMENT IN THE AMOUNT OF $10,000,000 (OF WHICH $1,616,738WAS PREVIOUSLY PAID) AND TO PAY CIVIL MONEY PENALTIES IN THEAMOUNT OF $40,000,000 (OF WHICH REGISTRANT SHALL PAY $10,000,000);AND (4) TO IMPLEMENT AND MAINTAIN A REVISED AND AUGMENTEDCOMPLIANCE AND ETHICS OVERSIGHT INFRASTRUCTURE. PURSUANT TOTHE SETTLEMENT, THE SEC WILL MOVE TO DISMISS THE COMPLAINTFILED IN THE SDNY AGAINST THE REGISTRANT AND CERTAIN OF ITSCONTROL AFFILIATES.


Order






PURSUANT TO THE OFFER OF SETTLEMENT, THE REGISTRANT ANDCERTAIN OF ITS CONTROL AFFLIATES, WITHOUT ADMITTING OR DENYINGTHE ALLEGATIONS IN THE COMPLAINT AND WITHOUT ANY FINDINGTHEREON, CONSENTED TO THE ENTRY OF AN ORDER BY THE SECIMPOSING THE FOLLOWING REMEDIAL SANCTIONS: (1) PURSUANT TOSECTION 203(E) OF THE ADVISERS ACT AND SECTION 15(B)(4)OF THEEXCHANGE ACT, THE REGISTRANT AND CERTAIN OF ITS CONTROLAFFILIATES WERE CENSURED; (2) PURSUANT TO SECTION 203(K) OF THEADVISERS ACT AND SECTION 9(F) OF THE INVESTMENT COMPANY ACT,THE REGISTRANT AND CERTAIN OF ITS CONTROL AFFILIATES SHALLCEASE AND DESIST FROM COMMITING OR CAUSING ANY VIOLATIONS ORFUTURE VIOLATIONS OF SECTIONS 204(A), 206(1) AND 206(2) OF THEADVISERS ACT AND SECTIONS 17(D) AND 34(B) OF THE INVESTMENTCOMPANY ACT AND RULE 17D-1 THEREUNDER; (3) TO JOINTLY PAYDISGORGEMENT IN THE AMOUNT OF $10,000,000 (OF WHICH $1,616,738WAS PREVIOUSLY PAID) AND TO PAY CIVIL MONEY PENALTIES IN THEAMOUNT OF $40,000,000 (OF WHICH REGISTRANT SHALL PAY $10,000,000);AND (4) TO IMPLEMENT AND MAINTAIN A REVISED AND AUGMENTEDCOMPLIANCE AND ETHICS OVERSIGHT INFRASTRUCTURE. PURSUANT TOTHE SETTLEMENT, THE SEC WILL MOVE TO DISMISS THE COMPLAINTFILED IN THE SDNY AGAINST THE REGISTRANT AND CERTAIN OF ITSCONTROL AFFILIATES.






Civil - Final

This type of disclosure event involves (1) an injunction issued by a foreign or domestic court within the last 10 years inconnection with investment-related activity, (2) a finding by a court of a violation of any investment-related statute orregulation, or (3) an action dismissed by a court pursuant to a settlement agreement.

Disclosure 1 of 2


Initiated By: ATTORNEY GENERAL OF THE STATE OF CALIFORNIA

Relief Sought: Civil Penalty(ies)/Fine(s)

Other Relief Sought: PLANTIFF'S INVESTIGATION COSTS, INJUNCTION

Date Court Action Filed: 09/15/2004


Other Product Types:

Court Details: SUPERIOR COURT OF THE STATE OF CALIFORNIA, COUNTY OFSACRAMENTO, (CASE NO. 04AS03699)

THE REGISTRANT ALLEGEDLY FAILED TO ADEQUATELY DISCLOSE TOPURCHASERS AND PROSPECTIVE PURCHASERS OF MUTUAL FUNDSMATERIAL FACTS REGARDING BROKER COMPENSATION AND DIRECTEDBROKERAGE.

Allegations:


Resolution: Settled


Other Sanctions: A SUM OF $4,000,000 IN RECOGNITION OF THE ATTORNEY GENERAL'SFEES AND COSTS.

Sanction Details: A TOTAL SUM OF $5,000,000 PAID TO THE STATE OF CALIFORNIA AS CIVILPENALTIES AND THE TOTAL SUM OF $4,000,000 PAID TO THE ATTORNEYGENERAL IN RECOGNITION OF FEES AND COSTS INCURRED AND TO BEINCURRED IN CONNECTION WITH THE INVESTIGATIONS AND OTHERCOSTS, BOTH RELATED AND UNRELATED TO THE INVESTIGATION.

Firm Statement ON SEPTEMBER 15, 2004, THE ATTORNEY GENERAL OF THE STATE OFCALIFORNIA AND THE REGISTRANT, WITHOUT ADMITTING OR DENYINGTHE ALLEGATIONS IN THE COMPLAINT AND WITHOUT ANY FINDINGTHEREON, ENTERED INTO A WRITTEN SETTLEMENT AGREEMENT (THE "AGREEMENT"). PURSUANT TO THE AGREEMENT, THE PARTIES ENTEREDINTO A STIPULATION FOR THE COURT APPROVAL OF THE AGREEMENTAND ENTRY OF FINAL JUDGEMENT AND ORDER THEREON (THE "STIPULATION") WHEREIN THE COURT APPROVED THE SETTLEMENT TORESOLVE THE ACTION.

Monetary/Fine $5,000,000.00Sanctions Ordered or ReliefGranted:






ON SEPTEMBER 15, 2004, THE ATTORNEY GENERAL OF THE STATE OFCALIFORNIA AND THE REGISTRANT, WITHOUT ADMITTING OR DENYINGTHE ALLEGATIONS IN THE COMPLAINT AND WITHOUT ANY FINDINGTHEREON, ENTERED INTO A WRITTEN SETTLEMENT AGREEMENT (THE "AGREEMENT"). PURSUANT TO THE AGREEMENT, THE PARTIES ENTEREDINTO A STIPULATION FOR THE COURT APPROVAL OF THE AGREEMENTAND ENTRY OF FINAL JUDGEMENT AND ORDER THEREON (THE "STIPULATION") WHEREIN THE COURT APPROVED THE SETTLEMENT TORESOLVE THE ACTION.

Disclosure 2 of 2

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Initiated By: NJ ATTORNEY GENERAL AND CHIEF OF NEW JERSEY BUREAU OFSECURITIES

Relief Sought: Other

Other Relief Sought: THE NJ AG FILED A CIVIL COMPLAINT SEEKING: (A) DECLARATIONS THATTHE DEFENDANTS ENGAGED IN THE ALLEGED ACTS AND PRACTICES ANDTHAT SUCH ACTS AND PRACTICES VIOLATED PROVISIONS OF THE NEWJERSEY SECURITIES LAWS; (B) AN INJUNCTION OF DEFENDANTS FROMVIOLATING THE NEW JERSEY SECURITIES LAWS IN ANY MANNER; (C) CIVILMONETARY PENALTIES; (D) RESTITUTION AND DISGORGEMENT OFPROFITS AND/OR FUNDS GAINED THROUGH VIOLATIONS OF THE NEWJERSY SECURITIES LAWS; AND (E) ANY ADDITIONAL RELIEF THAT THECOURT MAY DEEM JUST AND EQUITABLE.

Date Court Action Filed: 02/17/2004


Other Product Types:

Court Details: SUPERIOR COURT OF NEW JERSEY, CHANCERY DIVISION-GENERALEQUITY, ESSEX COUNTY

THE COMPLAINT ALLEGED THAT THE DEFENDANTS, INCLUDING THEREGISTRANT AND CERTAIN OF ITS AFFILIATES, VIOLATED THE NEWJERSEY SECURITIES LAWS BY ALLOWING CERTAIN INVESTORS IN MUTUALFUNDS ADVISED BY AN AFFILIATE OF THE REGISTRANT TO ENGAGE IN "MARKET TIMING" OF THE FUNDS IN CONTRAVENTION OF THE FUNDS'PROSPECTUS.

Allegations:


Resolution: Settled


Other Sanctions: REGISTRANT AND CERTAIN AFFILIATES ALSO AGREED TO (I) PAY $3MILLION IN INVESTIGATIVE COSTS AND FURTHER ENFORCEMENTINITIATIVES; AND (II) IMPLEMENT CERTAIN CORPORATE GOVERNANCECHANGES.

Monetary/Fine $15,000,000.00Sanctions Ordered or ReliefGranted:






REGISTRANT AND CERTAIN AFFILIATES ALSO AGREED TO (I) PAY $3MILLION IN INVESTIGATIVE COSTS AND FURTHER ENFORCEMENTINITIATIVES; AND (II) IMPLEMENT CERTAIN CORPORATE GOVERNANCECHANGES.

Sanction Details: WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT ANDCONCLUSIONS, REGISTRANT AND CERTAIN OF ITS CONTROL AFFILIATESENTERED INTO A CONSENT ORDER AND FINAL JUDGMENT WHEREBYTHEY (I) WERE ASSESSED A CIVIL MONETARY PENALTY OF $15 MILLIONAND $3 MILLION FOR INVESTIGATIVE COSTS AND FURTHERENFORCEMENT INITIATIVES; AND (II) AGREED TO IMPLEMENT CERTAINCORPORATE GOVERNANCE CHANGES NO LATER THAN JUNE 30, 2004.THE CIVIL MONETARY PENALTIES AND INVESTIGATIVE COSTS WILL NOT BEPAID BY ANY FUNDS OR FUND SHAREHOLDERS.

Firm Statement THE PROCEEDING WAS SETTLED ON JUNE 1, 2004 IN THE CHANCERYDIVISION OF THE SUPERIOR COURT OF NEW JERSEY - GENERAL EQUITYESSEX COUNTY.EFFECTIVE DECEMBER 31, 2011 ALLIANZ GLOBAL INVESTORS OF AMERICAL.P. (AGIA L.P.) CHANGED ITS NAME TO ALLIANZ ASSET MANAGEMENT OFAMERICA L.P.






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