EXHIBIT (d)(1)(b)
ADDENDUM TO ADVISORY AGREEMENT
The Advisory Agreement made the 13th day of June, 2001 between PACIFIC
FUNDS (the "Trust"), a Delaware business trust, and PACIFIC LIFE INSURANCE
COMPANY (the "Adviser"), a corporation organized under the laws of California,
(the "Agreement") is hereby amended by the addition of the provisions set forth
in this Addendum to the Agreement ("Addendum"), which is made this 14th day of
December 2001.
WITNESSETH:
WHEREAS, the Trust is authorized to issue an unlimited number of shares of
beneficial interest ("Beneficial Interest") in separate series with each such
series representing interests in a separate portfolio of securities and other
assets; and
WHEREAS, the Trust currently consists of twelve funds designated as the PF
AIM Blue Chip Fund, PF AIM Aggressive Growth Fund, PF INVESCO Health Sciences
Fund, PF INVESCO Technology Fund, XX Xxxxx Strategic Value Fund, XX Xxxxx Growth
LT Fund, XX Xxxxxx International Value Fund, PF MFS Mid-Cap Growth Fund, PF MFS
Global Growth Fund, PF PIMCO Managed Bond Fund, PF Pacific Life Money Market
Fund and XX Xxxxxxx Brothers Large-Cap Value Fund; and
WHEREAS, the Fund intends to establish two additional Funds to be
designated as the XX Xxxxxx Equity Income Fund and XX Xxxxxx Research Fund; and
WHEREAS, the Trust desires to appoint the Adviser as manager and investment
adviser to the PF Equity Income Fund and PF Research Fund under the provisions
set forth in the Agreement and in this Addendum; and
WHEREAS, the Adviser is willing to accept such appointment;
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 manager and investment
adviser with respect to the PF Equity Income Fund and PF Research Fund
which, in addition to all other Funds previously established, shall be
deemed one of the series under the Agreement.
2. Schedule A, governing applicable compensation under 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: Vice President & Secretary
Effective: December 31, 2001
Schedule A
Investment Advisory Agreement
Fund Annual Investment Advisory Fee
---- ---------------------------------------------
(as a percentage of average daily net assets)
PF AIM Blue Chip Fund 0.95%
PF AIM Aggressive Growth Fund 1.00%
PF INVESCO Health Sciences Fund 1.10%
PF INVESCO Technology Fund 1.10%
XX Xxxxx Strategic Value Fund 0.95%
XX Xxxxx Growth LT Fund 0.75%
XX Xxxxxx International Value Fund 0.85%
PF MFS Mid-Cap Growth Fund 0.90%
PF MFS Global Growth Fund 1.10%
PF PIMCO Managed Bond 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 Xxxxxx Equity Income Fund 0.95%
XX Xxxxxx Research Fund 1.00%
XX Xxxxxxx Brothers Large-Cap
Value Fund 0.85%
Effective: December 31, 2001
