PACIFIC SELECT FUND AMENDMENT NO. 8 TO THE PORTFOLIO MANAGEMENT AGREEMENT

Exhibit (d)(v)(7)

PACIFIC SELECT FUND

AMENDMENT NO. 8 TO THE

PORTFOLIO MANAGEMENT AGREEMENT

THIS AMENDMENT made effective as of the 31^st day of December, 2014, is made to the Portfolio Management Agreement (the “Agreement”) dated May 5, 2000, as amended on January 1, 2001, August 5, 2004, December 9, 2005, May 1, 2007, May 1, 2008, October 31, 2013, and August 1, 2014 by and among Pacific Life Insurance Company, a Nebraska corporation (“Pacific Life”), Pacific Investment Management Company LLC, a Delaware limited liability company (“PIMCO” or “Portfolio Manager”), and Pacific Select Fund, a Massachusetts Business Trust (“Fund”), which agreement was transferred and assigned from Pacific Life to Pacific Life Fund Advisors LLC, a Delaware Limited Liability Company (“Investment Adviser”), on May 1, 2007. The Agreement is hereby amended as set forth below (“Amendment”). Capitalized terms not defined herein shall have the meaning given to them in the Agreement.

WHEREAS, Investment Adviser, Portfolio Manager and Fund (together, the “Parties”) are parties to the Agreement; and

WHEREAS, the Parties desire to amend the Agreement as set forth herein.

NOW THEREFORE, in consideration of the renewal of the premises, promises and mutual covenants contained herein and in the Agreement, and for other good and valuable consideration paid, the receipt and sufficiency of which are hereby acknowledged by the Parties, the Parties agree that the Agreement is hereby amended as follows:

1. All references in Exhibit A to “PL Inflation Managed” are replaced with “Segment of PF Inflation Managed”, and all references to “Segment of PL Managed Bond” are replaced with “Segment of PF Managed Bond”.

2. Except as amended in this Amendment, the terms and conditions of the Agreement shall remain in full force and effect.

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PSF Amendment No. 8 PIMCO Page 1 of 2

IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be executed as of the day and year first written above.

PURSUANT TO AN EXEMPTION FROM THE COMMODITY FUTURES TRADING COMMISSION IN CONNECTION WITH ACCOUNTS OF QUALIFIED ELIGIBLE PERSONS, THIS ACCOUNT DOCUMENT IS NOT REQUIRED TO BE, AND HAS NOT BEEN, FILED WITH THE COMMISSION. THE COMMODITY FUTURES TRADING COMMISSION DOES NOT PASS UPON THE MERITS OF PARTICIPATING IN A TRADING PROGRAM OR UPON THE ADEQUACY OR ACCURACY OF COMMODITY TRADING ADVISOR DISCLOSURE. CONSEQUENTLY, THE COMMODITY FUTURES TRADING COMMISSION HAS NOT REVIEWED OR APPROVED THIS TRADING PROGRAM OR THIS ACCOUNT DOCUMENT.

PACIFIC LIFE FUND ADVISORS LLC
By:		/s/ Xxxxxx X. Xxxxxxxx				By:		/s/ Xxxxxxx X. XxxXxxxx
		Name: Xxxxxx X. Xxxxxxxx						Name: Xxxxxxx X. XxxXxxxx
		Title: SVP, Fund Advisor Operations						Title: VP & Assistant Secretary
PACIFIC SELECT FUND
By:		/s/ Xxxxxx X. Xxxxxxxx				By:		/s/ Xxxxxxx X. XxxXxxxx
		Name: Xxxxxx X. Xxxxxxxx						Name: Xxxxxxx X. XxxXxxxx
		Title: Vice President						Title: VP & Assistant Secretary
PACIFIC INVESTMENT MANAGEMENT COMPANY LLC
By:		/s/ Xxxxx X. Xxxxxx
		Name: Xxxxx X. Xxxxxx
		Title: Managing Director

PSF Amendment No. 8 PIMCO Page 2 of 2