AMENDMENT NO. 6 TO THE PORTFOLIO MANAGEMENT AGREEMENT PACIFIC SELECT FUND
Exhibit (d)(s)(7)
THIS AMENDMENT made as of this 1st day of January, 2011, by and among Pacific Life
Fund Advisors LLC (“Adviser”), a Delaware limited liability company, Massachusetts Financial
Services Company, a Delaware corporation doing business as MFS Investment Management (“MFS” or
“Portfolio Manager”), and Pacific Select Fund, a Massachusetts Business Trust (the “Trust”).
WITNESSETH:
WHEREAS, Adviser, Portfolio Manager and the Trust are parties to that certain Portfolio
Management Agreement dated January 2, 2001, as amended on April 1, 2002, March 17, 2003, December
23, 2004, November 7, 2005, May 1, 2006 and May 1, 2007 (the “Agreement”) pursuant to which
Portfolio Manager furnishes portfolio management services for the series of the Trust listed in the
Agreement;
WHEREAS, the parties mutually desire to amend the Agreement as set forth herein;
NOW, THEREFORE, in consideration of the premises, the promises, and the mutual covenants
contained in the Agreement and the good and fair consideration paid in connection with that
Agreement, the parties mutually agree that the Agreement is hereby amended as follows:
1. | The Fee Schedule of the Agreement is hereby deleted and the replacement Fee Schedule attached hereto and made a part hereof, is hereby substituted in lieu thereof and made effective January 1, 2011. | ||
2. | Except as herein above modified, all other terms and provisions of the Agreement shall be and remain in full force and effect. |
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed as of the day and
year provided above for the Amendment.
PACIFIC LIFE FUND ADVISORS LLC
By: | /s/ Xxxxxx X. Xxxxxxxx
|
By: | /s/ Xxxx X. Xxxx | |
Name: Xxxxxx X. Xxxxxxxx | Name: Xxxx X. Xxxx | |||
Title: VP, Fund Advisor Operations | Title: Secretary |
MFS INVESTMENT MANAGEMENT
By: /s/ Xxxxxx X. Xxxxxxx
Name: Xxxxxx X. Xxxxxxx
Title: Chief Executive Officer
PACIFIC LIFE FUNDS
By: | /s/ Xxxxxx X. Xxxxxxxx | By: | /s/ Xxxx X. Xxxx | |
Name: Xxxxxx X. Xxxxxxxx
|
Name: Xxxx X. Xxxx | |||
Title: Vice President
|
Title: Secretary |
Effective: January 1, 2011
Portfolio: International Large-Cap
The Adviser will pay to the Portfolio Manager a monthly fee based on an annual percentage of the
average daily net assets of the International Large-Cap Portfolio according to the following
calculations:
(a) | 0.425% on the first $750 million of the Combined Assets as defined below, 0.375% on the next $750 million of the Combined Assets, plus 0.325% if the next $1.5 billon of the Combined Assets, plus 0.300% on Combined Assets above $3 billion; |
multiplied by
(b) | The ratio of the International Large-Cap Portfolio’s average daily net assets over the Combined Assets. |
For purposes of the above calculation, “Combined Assets” means the sum of the average daily net
assets of the International Large-Cap Portfolio of the Pacific Select Fund and the average daily
net assets of the PL International Large-Cap Fund of Pacific Life Funds.
Fees for services shall be prorated for any portion of a year in which the Agreement is not
effective.