Form of PACIFIC SELECT FUND AMENDMENT NO. 1 SUBADVISORY AGREEMENT
Exhibit (d)(hh)(1)
Form
of
PACIFIC SELECT FUND
PACIFIC SELECT FUND
AMENDMENT NO. 1
SUBADVISORY AGREEMENT
SUBADVISORY AGREEMENT
AMENDMENT NO. 1 to the Subadvisory Agreement dated as of _________, 2010 (“Amendment No. 1)
among X. Xxxx Price Associates, Inc., a Maryland corporation (“Subadviser”), Pacific Life Fund
Advisors LLC, a Delaware Limited Liability Company (“Investment Adviser”), and Pacific Select Fund,
a Massachusetts Business Trust (the “Trust”).
The Subadviser, Investment Adviser, and Trust agree to modify the Subadvisory Agreement, dated
as of May 1, 2010 (“Agreement”) for the Trust as follows:
1. Existing Portfolio. The Investment Adviser hereby reaffirms its appointment of the
Subadviser as an investment subadviser for the Pacific Select Fund — Dividend Growth Portfolio.
2. Exhibit A. Exhibit A is hereby amended to add the following fee schedule for the
Pacific Select Fund — Short Duration Bond Portfolio (the “Short Duration Bond Portfolio”):
The Investment Adviser will pay to the Subadviser a monthly fee for its services for the above
noted Portfolio based on:
The annual percentage of the average daily net assets of the Short Duration Bond Portfolio
according to the following schedule:
Rate% | Break Point (assets) | |
0.30%
|
First $50 million | |
0.25%
|
On next $50 million; | |
Once assets exceed $100 million: |
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0.20%
|
On first $100 million; | |
0.175%
|
On next $150 million; | |
0.125%
|
On next $250 million; and | |
Once assets exceed $500 million: |
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0.10%
|
On assets above $500 million | |
Once assets exceed $1.5 billion: |
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0.10%
|
On all assets |
In recognition of the fact that the Subadviser may have an inherent constraint with respect to the
amount of money that Subadviser is able to manage in a particular strategy, Subadviser agrees to
consult with Investment Adviser on an annual basis to determine the extent of those constraints and
the appropriate investment limitations for the Short Duration Bond Portfolio.
Fees for services shall be prorated for any portion of a year in which the Agreement is not
effective.
3. Ratification. Except as modified and amended hereby, the Agreement is hereby
ratified and confirmed in full force and effect in accordance with its terms.
IN WITNESS WHEREOF, the parties have executed and delivered this Amendment No. 1 as of the
date first set forth above.
PACIFIC LIFE FUND ADVISORS, LLC | ||||||||||||||
By:
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By: | |||||||||||||
Name: | Name: | |||||||||||||
Title: | Title: | VP & Secretary | ||||||||||||
X. XXXX PRICE ASSOCIATES, INC. | ||||||||||||||
By: |
||||||||||||||
Name: | Xxxx Xxxxxxx-Xxxx | |||||||||||||
Title: | Vice President | |||||||||||||
PACIFIC LIFE FUNDS | ||||||||||||||
By:
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By: | |||||||||||||
Name: | Name: | |||||||||||||
Title: | Title: | VP & Secretary |