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This general information pertains to the manager responsible for the day-to-day management of the portfolio(s) available through Pacific Life’s variable products and the information presented may not relate specifically to the available portfolio(s). The information is provided by and used with the permission of this manager.
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History
ClearBridge Advisors is an affiliate of Legg Mason, Inc. and was introduced in 2006, shortly after Legg Mason’s acquisition of Citigroup Asset Management (CAM). ClearBridge traces its asset management strengths back to a number of prominent and well-established asset management firms that have made meaningful contributions to modern-day culture and investment philosophy. Today, ClearBridge also benefits from the formidable strength of the Legg Mason organization, while continuing to operate with investment independence — maintaining their own investment strategies, philosophies, and investment decision making authority.
Process: A Collaborative Approach Based on Fundamental Research
The cornerstone of their investment approach is the proprietary fundamental research and analysis process, conducted by sector-specific analysts working in partnership with experienced portfolio managers located in New York and San Francisco.
Proprietary research is at the heart of their investment process. At ClearBridge Advisors, experienced portfolio managers have their own distinct investment processes and priorities when managing their portfolios, but they all share a fundamental approach to security selection and valuation analysis. Their specialized research team serves as a crucial shared resource, helping managers to find potential new investments and to conduct constant monitoring of their current portfolio holdings. In general, their research focuses on analyzing a company’s balance sheet, income statement and cash flows, and uses fundamental inputs to model future results. These inputs are based on discussion with, and analysis of, customers, suppliers, distributors and competitors in the industry. Many of their portfolio managers have strong backgrounds in fundamental analysis, and will typically conduct their own research in addition to what analysts produce, including regular interaction with corporate management teams. They may also utilize outside consultants for proprietary surveys, legal opinions, and other specialized expertise as needed. Naturally, ClearBridge make use of some of the best research Wall Street has to offer, using a common technology platform to efficiently access proprietary research alongside this aggregated market intelligence.
Their Experience
ClearBridge offers the services of experienced portfolio managers who focus on equities, covering all major market capitalizations and a wide range of disciplines. In some cases, portfolio managers who built a portfolio’s performance record over several decades continue to manage those assets today.
Their managers are supported by a shared research infrastructure, which ensures the quick dissemination of information and encourages collaboration with analysts. At the same time, portfolio managers follow the distinct style of investing and wisdom each has gained through decades of market experience.
Attributes
Portfolio Managed
Pacific Select Fund
Legg Mason Partners Variable Equity Portfolios (LMPV)
Data as of December 31, 2008.
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.
You should carefully consider a variable life insurance product’s risks, charges, limitations and expenses, as well as the risks, charges, expenses and investment objectives of the underlying investment options. The accompanying product and underlying fund prospectuses contain this and other information about Pacific Life. Read them carefully before investing or sending money.
Pacific Life Insurance Company is licensed to issue individual life insurance and annuity products in all states except New York. Product availability and features may vary by state.
Pacific Select Fund portfolios are available only through Pacific Life Insurance Company's and Pacific Life & Annuity Company's variable products.
ClearBridge Advisors is a business unit of Legg Mason, Inc. and is comprised of investment advisors including ClearBridge Advisors, LLC, ClearBridge Asset Management Inc and other affiliated advisory entities.
Shares of Legg Mason Partners Variable Equity Portfolios are distributed by Legg Mason Investor Services, LLC.
The Legg Mason Partners Variable Equity Portfolios is not affiliated with Pacific Life.
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