AMENDMENT TO THE PLF EXPENSE LIMITATION AGREEMENT III
Exhibit
(h)(3)(dd)
AMENDMENT TO THE PLF
EXPENSE LIMITATION AGREEMENT III
EXPENSE LIMITATION AGREEMENT III
THIS AMENDMENT TO THE EXPENSE LIMITATION AGREEMENT III (the “Amendment”) effective as of
August 1, 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 | |||
| 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, 2015 |
|||||||||
PL Short Duration Income Fund
|
0.20 | % | December 19, 2011 | July 31, 2015 |
|||||||||
PL Strategic Income Fund
|
0.20 | % | December 19, 2011 | July 31, 2015 |
|||||||||
PL Income Fund
|
0.20 | % | August 1, 2014 | July 31, 2015 |
|||||||||
PL Floating Rate Income Fund
|
0.20 | % | January 1, 2015 | July 31, 2015 |
|||||||||
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 Alternative Strategies Fund
|
0.40 | % | December 31, 2012 | July 31, 2016 |
|||||||||
PL Limited Duration High
Income Fund
|
0.20 | % | August 1, 2013 | July 31, 2016 |
|||||||||
Effective: August 1, 2013
