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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.
Pure Growth Investors Since 1964
Fred Alger Management, Inc. (Alger) is widely recognized as a pioneer of growth-style investment management. They have been an independent, privately owned firm since their inception in 1964. Over the past 45 years, they have had three leaders with one vision: Maintaining the legacy and continuity of the Alger Investment Philosophy. They strive to deliver consistently superior investment results for clients. Investment management is their only business. They believe their independence enables them to remain true to their investment beliefs.
Investment Philosophy
Since their founding, they have targeted companies undergoing Positive Dynamic Change, which they believe offers the best long-term growth potential for clients. Positive Dynamic Change, the driving force behind their investment philosophy, refers to those companies experiencing:
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High Unit Volume Growth: These are companies that are experiencing a growing demand, have a strong business model, enjoy market dominance, and generate free cash flow. They track the growth phases of the company closely, aiming to own its stock during the company’s highest growth period.
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Positive Life Cycle Change: These are companies that are experiencing slow growth or have a muddled focus and a positive catalyst drives them to an accelerated growth phase. Positive catalysts include new management, product innovation, a new acquisition, or new regulations.
Through rigorous, original, fundamental research, they uncover companies with the strongest fundamentals and the ability to leverage change strategically.
Investment Process
Research is the cornerstone of their investment process, which is led by a deep team of experienced sector specialist Analysts who cover companies across all market caps. Their belief is that true insight comes from sector specialization – their structure enables them to assess the best investment opportunities for clients. Analysts communicate frequently and work closely with Portfolio Managers to come up with new ideas, execute on best ideas, and monitor stock performance. They take a bottom-up approach, enabling analysts to drill down into the details of each company and contribute their strongest ideas to the portfolio. With a collaborative, open, and energetic work culture, their process is fluid and efficient. Through intensive, proprietary, fundamental research, they generate superior ideas and make sound investment decisions that set us apart from the masses. They believe their unique, established investment process poises Alger for long-term success.
Why Alger?
Since 1964, Alger has been investing in growth companies, making them true pioneers in this investment style. Managing money is their core business – "it’s all we do and we do it our way". Alger is independent, both in the way they act and think as well as financially. The passion, focus, and insight are apparent in their work, culture, and results. They stand out from other money managers for several reasons – Alger has an unwavering investment philosophy, a disciplined research process, and a robust, dedicated investment team, which they believe lead to great benefits for their clients.
Total Assets Under Management were approximately $12.1 billion as of December 31, 2009.
Portfolios Managed
Pacific Select Fund
Data as of December 31, 2009
Higher volatility and greater risks may be associated with investing in smaller size companies.
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 variable insurance products.
CWEB-L-193C
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