FORM OF AMENDMENT NO. 3 TO THE FUND MANAGEMENT AGREEMENT
Exhibit (d)(5)(e)
FORM
OF
AMENDMENT NO. 3 TO THE FUND MANAGEMENT AGREEMENT
AMENDMENT NO. 3 TO THE FUND MANAGEMENT AGREEMENT
The Fund Management Agreement (the “Agreement”) first made the 1st day of
September, 2001 and amended the 2nd day of August, 2004 , and again on the 9th day of
December, 2005 by and among Pacific Life Fund Advisors LLC (the “Investment Adviser”), a Delaware limited liability
company, Pacific Investment Management Company LLC (“PIMCO”), a Delaware limited
liability company, and Pacific Life Funds, a Delaware statutory trust (“Trust”), is hereby amended
a third time to add the provisions set forth below (the “Amendment”), which is made this 1st day of
May, 2007. Capitalized terms not defined herein shall have the meaning ascribed to them in the
Agreement.
WHEREAS, the Trust is registered with the Securities and Exchange Commission as an
open-end management investment company;
WHEREAS, the Trust offers shares in several Funds, two of which are designated the PL
Inflation Managed and PL Managed Bond Funds;
WHEREAS, pursuant to the Agreement, Investment Adviser and the Trust have appointed
PIMCO as Fund Manager to the PL Inflation Managed and PL Managed Bond Funds and PIMCO has accepted such appointment;
WHEREAS, the Investment Adviser, PIMCO and the Trust desire to amend the Agreement
in accordance with the provisions set forth in this Amendment; and
NOW THEREFORE, In consideration of the renewal of the premises, the promises, and
the mutual covenants contained in the Agreement and the good and valuable consideration paid in
connection with the Agreement, the receipt and sufficiency of which are hereby acknowledged, the
Trust, Investment Adviser and PIMCO hereby agree that the Agreement is amended and
supplemented as follows:
1. | Exhibit A to the Agreement is hereby deleted in its entirety and replaced with the following: |
See attached Exhibit A
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their
respective officers designated below on the day and year first above written.
PACIFIC LIFE FUNDS | ||||||
By:
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Name:
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Title:
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PACIFIC LIFE FUND ADVISORS LLC | ||||||
By:
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By: | |||||
Name:
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Name: | |||||
Title:
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Title: | |||||
PACIFIC INVESTMENT MANAGEMENT COMPANY LLC | ||||||
By:
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Name:
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Title:
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EXHIBIT
A
PACIFIC LIFE FUNDS
FEE SCHEDULE
FEE SCHEDULE
Effective: May 1, 2007
Fund: PL Managed Bond
The Investment Adviser will pay to the Fund Manager a monthly fee of 0.25%
based on an annual percentage of the combined average daily net assets of the PL
Managed Bond Fund of Pacific Life Funds and the Managed Bond Portfolio of Pacific
Select Fund.
Fund: PL Inflation Managed
The Investment Adviser will pay to the Fund Manager a monthly fee based on an
annual percentage of the combined average daily net assets of the PL Inflation Managed
Fund of Pacific Life Funds and the Inflation Managed Portfolio of Pacific Select Fund
according to the following schedule:
Rate (%) | Break Point (assets) | ||||
0.25% |
On the first $1 billion | ||||
0.20% |
On the excess |
The fees for services shall be prorated for any portion of a year in which the
Agreement is not effective.