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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.
Pacific Asset Management specializes in institutional fixed income asset management. Founded in 2007, Pacific Asset Management's investment team manages in leveraged loans, high yield corporate bonds, investment grade and money market securities. The organization is a wholly owned subsidiary of Pacific Life Insurance Company and serves as a third party asset manager of Pacific Life.
Investment Philosophy
Pacific Asset Management strives to construct and manage portfolios that optimize the risk/reward relationship in accordance with their client’s investment objectives. Their investment process combines fundamental analysis with a macro-economic overlay. They strive to provide their clients with superior risk-adjusted returns. They believe their investment process, the extensive experience of their team, and a focus on long-term objectives will help them reach this goal for their clients.
Pacific Asset Management’s Investment Philosophy is centered on four main tenets:
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Fundamental Analysis: Fundamental credit analysis is the cornerstone of their process
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Top-down Assessment: A bottom-up analysis is complemented by an assessment of macro-economic and market factors
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Total Return and Capital Preservation: Their strategies utilize a total return approach with an emphasis on capital preservation
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Collaborative Team Approach: As part of their robust process, all members of the investment team are encouraged to review, challenge and share investment ideas
Portfolios Managed
Pacific Select Fund
Data as of December 31, 2008
Pacific Life Fund Advisors LLC (PLFA), the investment adviser to the Pacific Select Fund (PSF) and the manager of certain PSF portfolios, also does business under the name Pacific Asset Management and manages certain PSF portfolios under that name.
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.
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.
CWEB-L-45F
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