AMENDMENT TO THE PLF EXPENSE LIMITATION AGREEMENT III
AMENDMENT TO THE PLF
EXPENSE LIMITATION AGREEMENT III
THIS AMENDMENT TO THE EXPENSE LIMITATION AGREEMENTIII(the “Amendment”) effective as of September 30, 2013, between Pacific Life Funds (the “Trust”), a Delaware statutory trust, on behalf of the Funds designated in Schedule A hereto, 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 III dated December 19, 2011, as amended from time to time (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 as follows:
| 1) | Schedule A to the Agreement is hereby deleted in its entirety and replaced with the Schedule A attached hereto. |
| 2) | Except as expressly supplemented, amended or consented to hereby, all of the representations, terms, covenants and conditions of the Agreement shall remain unchanged and shall continue in full force and effect. |
| 3) | Capitalized terms used but not defined herein shall have the meanings assigned to them in the Agreement. |
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 applicable Funds
| 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 | |||
SCHEDULE A
to the PACIFIC LIFE FUNDS
EXPENSE LIMITATION AGREEMENT III
| Maximum Operating Expense Limit (as a Percentage of average daily net assets)
| ||||||
| Fund: |
Contractual Rate | Effective Date | Termination Date | |||
| PL High Income Fund |
0.20% | December 19, 2011 | July 31, 2016 | |||
| PL Short Duration Income Fund |
0.20% | December 19, 2011 | July 31, 2016 | |||
| PL Strategic Income Fund |
0.20% | December 19, 2011 | July 31, 2016 | |||
| PL Income Fund |
0.20% | August 1, 2014 | July 31, 2016 | |||
| PL Floating Rate Income Fund |
0.20% | January 1, 2015 | July 31, 2016 | |||
| PL Currency Strategies Fund |
0.20% | December 7, 2012 | July 31, 2014 | |||
| PL Precious Metals Fund |
0.20% | December 7, 2012 | July 31, 2014 | |||
| PL Global Absolute Return Fund |
0.20% | December 7, 2012 | July 31, 2014 | |||
| PL Limited Duration High Income Fund |
0.20% | August 1, 2013 | July 31, 2016 | |||
| PL Diversified Alternatives Fund |
0.40% | December 31, 2013 | December 31, 2016 | |||
Effective: September 30, 2013
