PACIFIC SELECT FUND AMENDMENT NO. 4 TO THE PORTFOLIO MANAGEMENT AGREEMENT
Exhibit (d)(n)(A)(4)
The Portfolio Management Agreement (the “Agreement”) made the 1st day of May, 2008, as amended
to date, by and among Pacific Life Fund Advisors LLC (“Investment Adviser”), a Delaware limited
liability company, X.X. Xxxxxx Investment Management Inc., (“Portfolio Manager”), a Delaware
corporation and Pacific Select Fund, a Massachusetts business trust (“Fund”), is hereby amended to
add the provisions set forth below (together the “Amendment”), effective the 1st day of
October, 2012.
In consideration of the premises, the promises, and the mutual covenants contained in the
Agreement and the good and fair consideration paid in connection with that Agreement. The
Agreement is hereby amended as follows:
1. Exhibit A, effective January 1, 2011, is hereby deleted in its entirety and replaced with
the following:
(see attached Exhibit A effective October 1, 2012)
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed as of the day and
year provided above for the Amendment.
PACIFIC LIFE FUND ADVISORS LLC
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 |
X. X. XXXXXX INVESTMENT MANAGEMENT INC.
By:
|
/s/ Xxxxx Xxxxxx | |
| Name: Xxxxx Xxxxxx | ||
| Title: Vice President | ||
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 |
Exhibit A
PACIFIC SELECT FUND
FEE SCHEDULE
FEE SCHEDULE
Effective: October 1, 2012
Portfolio: Long/Short Large-Cap
The Investment Adviser will pay to the Portfolio Manager a monthly fee for its services for the
above noted Portfolio based on an annual percentage of the average daily net assets of the Segment
of the Long/Short Large-Cap Portfolio according to the following schedule: 0.60%
In recognition of the fact that the Portfolio Manager may have an inherent constraint with respect
to the amount of money that Portfolio Manager is able to manage in a particular strategy, Portfolio
Manager agrees to hold back or reserve total capacity (that is, agrees to accept a certain level of
dollars) for the Segment of the Long/Short Large-Cap Portfolio and the strategies employed for the
Portfolio and investments as follows:
Total reserved capacity: $750 million (to be determined on a net cash flow basis into the
account).
Fees for services shall be prorated for any portion of a year in which the Agreement is not
effective.
Portfolio: International Value
The Investment Adviser will pay to the Portfolio Manager a monthly fee for its services for the
above noted Portfolio based on:
(a) The annual percentage of the combined average daily net assets of the International Value
Portfolio and the PL International Value Fund of Pacific Life Funds according to the following
schedule:
| Rate% | Break Point (assets) | |||||
| 0.35 | % | Up to $1 billion | ||||
| 0.30 | % | From $1 billion to $2 billion; AND | ||||
| 0.25 | % | On the excess | ||||
(b) The ratio of the International Value’s average daily net assets over the combined assets
of the International Value Portfolio and the PL International Value Fund.
In recognition of the fact that the Portfolio Manager may have an inherent constraint with respect
to the amount of money that Portfolio Manager is able to manage in a particular strategy, Portfolio
Manager agrees to hold back or reserve total capacity (that is, agrees to accept a certain
level of
dollars) for the International Value Portfolio and the PL International Value Fund of Pacific Life
Funds (collectively, the “Fund”) in total and the strategies employed for the Fund and investments
as follows:
Total reserved capacity for the Fund: $3.5 billion dollars (to be determined on a net cash flow
basis into the account).
Fees for services shall be prorated for any portion of a year in which the Agreement is not
effective.
