A system providing a phase or frequency modulated signal is provided. In general, the system includes a phase locked loop (PLL) having a fractional-N divider in a reference path of the PLL operating to divide a reference frequency based on a pre-distorted modulation signal. Pre-distortion circuitry operates to provide the pre-distorted modulation signal by pre-distorting a modulation signal such that a convolution, or cascade, of the pre-distortion and a transfer function of the PLL results in a substantially flat frequency response for a range of modulation rates greater than a bandwidth of the PLL.