PLF — PL INCOME FUND AMENDMENT TO THE EXPENSE LIMITATION AGREEMENT
Exhibit (h)(3)(v)
THIS AMENDMENT TO THE EXPENSE LIMITATION AGREEMENT (the “Amendment”) effective July 1, 2011,
between Pacific Life Funds (the “Trust”), a Delaware statutory trust, on behalf of the PL Income
Fund, and Pacific Life Fund Advisors LLC (“Adviser” or “PLFA”), a Delaware limited liability
company.
WHEREAS, the Trust and Adviser are parties to a certain Expense Limitation Agreement dated
December 31, 2010 (the “Agreement”); and
WHEREAS, the Trust and Adviser desire to amend the Agreement upon the following terms and
conditions;
NOW THEREFORE, in consideration of the renewal of promises and mutual covenants contained in
the Agreement and the good and fair consideration, the receipt and sufficiency of which are hereby
acknowledged, the Trust and Adviser hereby agree that the Agreement is amended as follows:
| 1) | Section I, paragraph B is hereby deleted in its entirety and replaced with the following paragraph: | |
| “Operating Expense Limit. The operating expense limit with respect to the PL Income Fund shall be 0.15% through June 30, 2014 (the “Operating Expense Limit”), based on a percentage of the average daily net assets of the PL Income Fund for the period described in Section I.D. The Adviser may elect to lower the expense caps and/or extend the time period further by amending this Agreement. |
[The remainder of this page is intentionally left blank]
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their
respective officers designated below on the day and year first above written.
PACIFIC LIFE FUNDS, on behalf of the PL Income 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 LIFE FUND ADVISORS LLC
By:
|
/s/ Xxxxxx X. Xxxxxxxx | By: | /s/ Xxxxxxx X. XxxXxxxx | |||
| Name: Xxxxxx X. Xxxxxxxx | Name: Xxxxxxx X. XxxXxxxx | |||||
| Title: VP, Fund Advisor Operations | Title: VP & Assistant Secretary | |||||
