Investment Philosophy

The Van Eck Hard Assets Fund invests among a highly diverse pool commodity equities, including oil and gas, precious and industrial metals, agriculture and alternative energy. The Fund is managed with a value-oriented investment style, encompassing both bottom-up and top-down commodity analysis. There are broad cycles in the hard assets sectors that are pivotal to successful investing. Used in conjunction with top-down analysis, a thorough knowledge of these cycles allows the investment team to efficiently allocate between sectors, taking the guesswork out of the equation for investors. Further, the investment team combines qualitative fundamental equity analysis with model-assisted quantitative analysis. This combination has proven essential in delivering consistent returns with a disciplined and repeatable investment process.

For over 40 years, Van Eck has specialized in natural resource investing. Over the years, the firm has greatly expanded its scope of investment products to encompass a multitude of hard asset markets. The firm has one of the most experienced investment teams devoted solely to the natural resources asset class.

Attributes

• Close to fifty-five years of investment experience in global markets  
• Founded the nation’s first international mutual fund (1955) and the nation’s first gold mutual fund (1968) and the nation's first and only gold-mining shares exchange-traded fund (2006)
• Assets under management were approximately $8.2 billion as of December 31, 2008 

Portfolio Managed
Van Eck Worldwide Insurance Trust

• Worldwide Hard Assets Fund

Data as of December 31, 2008.

Hard assets investments include special risks such as variations in the value of real estate, the value of precious metals and other hard assets securities. Hard assets prices may move independently of the trends of industrial 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.

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.