ADDENDUM TO ADVISORY AGREEMENT
EXHIBIT TO ITEM 77Q
77Q(e)
ADDENDUM TO ADVISORY AGREEMENT
The Advisory Agreement made the 13th day of June, 2001 between PACIFIC FUNDS (the "Trust"), a Delaware statutory trust, and PACIFIC LIFE INSURANCE COMPANY (the "Adviser"), a corporation organized under the laws of California, as amended to date (the "Agreement") is hereby amended by the addition of the provisions set forth in this Agreement (the "Addendum"), which is made this 8th day of September 2003.
WITNESSETH:
WHEREAS, the Trust is authorized to issue an unlimited number of shares of beneficial interest in separate series with each such series representing interests in a separate portfolio of securities and other assets;
WHEREAS, the Trust currently consists of fifteen series designated as the PF AIM Blue Chip Fund, PF AIM Aggressive Growth Fund, PF INVESCO Health Sciences Fund, PF INVESCO Technology Fund, XX Xxxxx Growth LT Fund, XX Xxxxxx International Value Fund, PF MFS Global Growth Fund, PF PIMCO Inflation Managed Fund, PF PIMCO Managed Bond Fund, PF Pacific Life Money Market Fund, XX Xxxxxx Equity Income
Fund, XX Xxxxxx Research Fund, XX Xxxxxxx Brothers Large-Cap Value Fund, XX Xxx Xxxxxx Xxxxxxxx Fund, and XX Xxx Xxxxxx Mid-Cap Growth Fund;
WHEREAS, the Trust intends to establish six additional series to be designated as the PF Portfolio Optimization Model A Fund, PF Portfolio Optimization Model B Fund, PF Portfolio Optimization Mode C Fund, PF Portfolio Optimization Model D Fund, PF Portfolio Optimization Model E Fund, and XX Xxxxxxx Xxxxx Short Duration Bond Fund (collectively, the "New Funds");
WHEREAS, the Trust desires to appoint the Adviser as investment adviser to each of the New Funds;
NOW THEREFORE, in consideration of the mutual promises and covenants contained in this Addendum, it is agreed between the parties hereto as follows:
1. In addition to its responsibilities as specified in the Agreement, the Trust hereby appoints the Adviser to act as investment adviser with respect to each of the New Funds, which in addition to all other series previously established, shall each be deemed one of the series under the Agreement.
2. Schedule A, governing applicable compensation under Section 9(a) of the Agreement, is hereby replaced with Schedule A attached hereto.
IN WITNESS WHEREOF, the parties hereto have caused this Addendum to be executed by their officers designated below on the date written above.
By: /s/ Xxxxx X. Xxxxxxx
Name: Xxxxx X. Xxxxxxx
Title: President
PACIFIC LIFE INSURANCE COMPANY
By: /s/ Xxxxx X. Xxxxxxx
Name: Xxxxx X. Xxxxxxx
Title: President
By: /s/ Xxxxxx X. Milfs
Name: Xxxxxx X. Milfs
Title: Vice President and Secretary
Appendix A
|
Fund |
|
Annual Investment Advisory Fee |
|
|
|
(as a percentage of average daily |
|
PF AIM Blue Chip Fund |
|
0.95% |
|
PF AIM Aggressive Growth Fund |
|
1.00% |
|
XX Xxxxxxx Sachs Short Duration Bond Fund |
|
0.60% |
|
PF INVESCO Health Sciences Fund |
|
1.10% |
|
PF INVESCO Technology Fund |
|
1.10% |
|
XX Xxxxx Growth LT Fund |
|
0.75% |
|
XX Xxxxxx International Value Fund |
|
0.85% |
|
PF MFS International Large-Cap Fund |
|
1.05% |
|
PF PIMCO Inflation Managed Fund |
|
0.60% |
|
PF PIMCO Managed Bond Fund |
|
0.60% |
|
PF Pacific Life Money Market Fund |
|
0.40% of the first $250 million 0.35% of the next $250 million 0.30% on excess |
|
XX Xxxxxx Equity Income Fund |
|
0.95% |
|
XX Xxxxxx Research Fund |
|
1.00% |
|
XX Xxxxxxx Brothers Large-Cap Value Fund |
|
0.85% |
|
XX Xxx Xxxxxx Xxxxxxxx Fund |
|
0.95% |
|
XX Xxx Xxxxxx Mid-Cap Growth Fund |
|
0.90% |
|
PF Portfolio Optimization Model A Fund |
|
0.00% |
|
PF Portfolio Optimization Model B Fund |
|
0.00% |
|
PF Portfolio Optimization Model C Fund |
|
0.00% |
|
PF Portfolio Optimization Model D Fund |
|
0.00% |
|
PF Portfolio Optimization Model E Fund |
|
0.00% |
