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This general information is provided by and used with the permission of this manager. It contains information about the Pacific Select Fund portfolios managed directly by this manager. Pacific Life Fund Advisors, LLC, is also the investment advisor to the Pacific Select Fund generally. Pacific Select Fund portfolios are available only through Pacific Life's and its affiliates' variable products.
Pacific Life Fund Advisors (PLFA) is a recently organized Delaware limited liability company and wholly owned subsidiary of Pacific Life. PLFA assumed the role of investment adviser of Pacific Select Fund and the direct management of the Money Market and High Yield Bond portfolios, from Pacific Life, effective May 1, 2007. The portfolio management style is consistent with Pacific Life's long-standing reputation of integrity. A key part of Pacific Life's mission is to maintain its position as an enduring, financially strong organization.
Money Market Portfolio Management
- Established guidelines to maintain diverse portfolio and maximize yield
- Select top tier of commercial paper issues
- Manage average maturity of portfolio within specific credit parameters
High Yield Bond Philosophy
- Active bond management
- Fully invested portfolio
- Focus on specific portfolio sectors and securities
- Oriented to higher quality issues
- Value investing - look for stronger financials than implied by credit rating
Selection Process
While quality is easily determined by ratings, the underlying value of a particular company is more difficult to uncover. PLFA's portfolio managers conduct in-depth analysis to help identify issuers with the best potential for adding value.
Attributes
- Pacific Life was founded in 1868 by California pioneers Leland Stanford, Charles Crocker and Mark Hopkins
- In-depth, proprietary analysis
Portfolios Managed
Pacific Select Fund
The Money Market Portfolio does not maintain a constant net asset value. The net asset value will change with the value of the investments in the portfolio.The Money Market Portfolio is neither insured nor guaranteed by the FDIC or any other government agency.
High yield bonds are subject to a greater risk of principal and income than higher quality bonds.
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.
CWEB-L-45D
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