ADDENDUM TO ADVISORY AGREEMENT
Exhibit (d)(1)(f)
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 5th day of June 2005.
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 liquidated the PF INVESCO Health Sciences and PF INVESCO Technology Funds on December 31, 2004 and the XX Xxxxxx Equity Income Fund on March 30, 2005;
WHEREAS, the Trust currently consists of nineteen series designated as the PF Portfolio Optimization Model A, PF Portfolio Optimization Model B, PF Portfolio Optimization Model C, PF Portfolio Optimization Model D, PF Portfolio Optimization Model E, PF AIM Blue Chip Fund, PF AIM Aggressive Growth Fund, XX Xxxxxxx Sachs Short Duration Bond Fund, XX Xxxxx Growth LT Fund, XX Xxxxxx Mid-Cap Value Fund, XX Xxxxxx International Value Fund, PF MFS International Large-Cap Fund, PF PIMCO Managed Bond Fund, PF PIMCO Inflation Managed Fund, PF Pacific Life Money Market Fund, XX Xxxxxxx Brothers Large-Cap Value Fund, XX Xxx Xxxxxx Xxxxxxxx Fund, XX Xxx Xxxxxx Mid-Cap Growth Fund, and XX Xxx Xxxxxx Real Estate Fund;
WHEREAS, the Trust intends to establish, effective October 1, 2005, two additional series to be designated as the XX Xxxxxxxxxxx Main Street Core Fund and XX Xxxxxxxxxxx Emerging Markets Fund, respectively, (together, the “New Funds”);
WHEREAS, the Trust intends to change the name, effective October 1, 2005, of the PF AIM Aggressive Growth Fund to the XX Xxxxxxxx Small Equity Fund; and
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.
| PACIFIC FUNDS | ||||||
| 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: Secretary | ||||||
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Appendix A
| Fund | Annual Investment Advisory Fee | |||
| (as a percentage of average daily net assets) | ||||
PF Portfolio Optimization Model A |
0.00 | % | ||
PF Portfolio Optimization Model B |
0.00 | % | ||
PF Portfolio Optimization Model C |
0.00 | % | ||
PF Portfolio Optimization Model D |
0.00 | % | ||
PF Portfolio Optimization Model E |
0.00 | % | ||
PF AIM Blue Chip Fund |
0.95 | % | ||
XX Xxxxxxx Sachs Short Duration Bond
Fund |
0.60 | % | ||
XX Xxxxx Growth LT Fund |
0.75 | % | ||
XX Xxxxxx Mid-Cap Value Fund |
0.85 | % | ||
XX Xxxxxx International Value Fund |
0.85 | % | ||
PF MFS International Large-Cap Fund |
1.05 | % | ||
XX Xxxxxxxx Small Equity Fund |
1.00 | % | ||
XX Xxxxxxxxxxx Main Street Core Fund |
0.65 | % | ||
XX Xxxxxxxxxxx Emerging Markets Fund |
1.00 | % | ||
PF PIMCO Managed Bond Fund |
0.60 | % | ||
PF PIMCO Inflation Managed 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 Xxxxxxx Brothers Large-Cap Value Fund |
0.85 | % | ||
XX Xxx Xxxxxx Xxxxxxxx Fund |
0.95 | % | ||
XX Xxx Xxxxxx Mid-Cap Growth Fund |
0.90 | % | ||
XX Xxx Xxxxxx Real Estate Fund |
0.90 | % | ||
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