This general information is provided by and used with the permission of this manager. It may not contain information about the Pacific Select Fund portfolios or BlackRock Variable Series Funds, Inc. portfolios managed by this manager. Pacific Select Fund portfolios are available only through Pacific Life's and its affiliates' variable products. The BlackRock Variable Series Funds, Inc. portfolios listed below are available through Pacific Life's variable life insurance products. BlackRock's Variable Series Funds, Inc. is not affiliated with Pacific Life.

BlackRock is a premier provider of global investment management, risk management and advisory services. BlackRock manages portfolios and provides investment solutions for a broad array of investors, that include corporate, public and union pension plans, insurance companies, mutual funds, endowments, foundations, charities, corporations, official institutions and individuals worldwide.
Management Style
BlackRock believes that experienced investment professionals using disciplined investment processes and sophisticated analytical tools can consistently add value to client portfolios. This philosophy, combined with a fiduciary culture -- focused on excellence, teamwork and integrity -- has made BlackRock one of the world's fastest growing and most successful asset managers.
Equity Investment Process
BlackRock’s equity investment philosophy combines focused portfolio management, proprietary research and significant firmwide resources. BlackRock manages a range of equity strategies that spans the risk/return spectrum, as well as several targeting opportunities in specific market sectors. BlackRock employs integrated research and portfolio management teams in regional investment centers around the world. Each team has dedicated analysts and invests according to its unique investment style, risk tolerance and return objectives.
Fixed Income Investment Process
BlackRock has long been known among investment industry professionals for its fixed income expertise, offering an array of taxable and tax-exempt fixed income products designed to meet a variety of client risk/return profiles and to add value in all market environments. BlackRock’s fixed income business philosophy emphasizes a single globally integrated team, relying on the judgment of experienced portfolio managers.
Attributes
- Manages portfolios and provides investment solutions for a broad array of institutional and individual investors
- More than 500 investment professionals worldwide operating in 14 investment centers in the U.S., U.K., Europe, Asia and Australia
- More than $1 trillion in assets under management (based on combined assets under management)
Portfolios Managed
Pacific Select Fund
BlackRock Variable Series Funds, Inc.
Data as of December 31, 2006.
Small company stocks may entail higher risk and greater volatility than the stocks of larger and more established companies.
Special risks such as currency fluctuations and political changes should be considered with international investing.
Although some portfolios may have names or investment objectives that resemble retail mutual funds managed by the portfolio manager, these portfolios will not have the same underlying holdings or performance as the retail mutual funds.
Investors should carefully consider the underlying fund investment objectives, risks, charges, and limitations and expenses of a variable universal life insurance policy. The accompanying prospectuses contain this and other information about Pacific Life. Read them carefully before investing or sending money.
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