PL Portfolio Optimization Funds from Pacific Life Funds Earn DALBAR QDIA Validation
Newport Beach, Calif. (September 19, 2012)-The entire suite of PL Portfolio Optimization Funds from Pacific Life Funds has been validated by DALBAR, Inc., as meeting the requirements of qualified default investment alternatives (QDIAs) for employer-sponsored retirement plans.
The PL Portfolio Optimization Funds are five target-risk fund-of-funds, ranging from conservative to aggressive, that are designed to offer investors one-step diversification. Each includes up to 13 separate asset class styles, spreading risk across various markets. Adding these funds to a retirement plan gives employees an easy way to choose a diversified investment strategy suited to their personal risk-tolerance levels.
"Pacific Life is dedicated to expanding its products and services for the employer-sponsored retirement plan market, and we're extremely pleased with DALBAR's validation of our complete PL Portfolio Optimization Funds lineup," says Christine Tucker, vice president of marketing, Retirement Solutions Division. "These are broadly diversified funds with underlying funds managed by some of the industry's most well-recognized asset management firms. We believe they can be an excellent choice for helping plan sponsors with their fiduciary responsibilities, and for providing employees with a simple, turnkey approach to well-balanced investing."
The asset allocation mix for each fund is determined by Pacific Life Fund Advisors LLC (PLFA). PLFA is the investment advisor to Pacific Life Funds and manages the PL Portfolio Optimization Funds. PLFA's investment philosophy is one of broad-based diversification to help minimize downside risk.
The five PL Portfolio Optimization funds from Pacific Life Funds are:
- PL Portfolio Optimization Conservative Fund-Seeks current income and preservation of capital.
- PL Portfolio Optimization Moderate-Conservative Fund-Seeks current income and moderate growth of capital.
- PL Portfolio Optimization Moderate Fund-Seeks long-term growth of capital and low to moderate income.
- PL Portfolio Optimization Moderate-Aggressive Fund-Seeks moderately high, long-term capital appreciation with low current income.
- PL Portfolio Optimization Aggressive Fund-Seeks high, long-term capital appreciation.
Interested plan sponsors and financial professionals can find out more about PL Portfolio Optimization Funds by visiting http://www.plfunds.com/.
About Pacific Life
Offering insurance since 1868, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life counts more than half of the 100 largest U.S. companies as its clients. For additional company information, including current financial strength ratings, visit the About Pacific Life section of this website.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of May 2012 is compiled by Pacific Life using the 2012 FORTUNE 500® list.
Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each company is solely responsible for the financial obligations accruing under the products it issues. Insurance product and rider guarantees are backed by the financial strength and claims-paying ability of the issuing company and do not protect the value of the variable investment options.
DALBAR, Inc., is a leading financial services market research firm. DALBAR develops empirical standards and measurement systems that improve the quality of products, service, and compliance for the retirement, mutual fund, broker/dealer, discount brokerage, life insurance, and banking industries.
The scope of DALBAR's evaluations consists of those aspects of the requirement of ERISA Section 404(c)(5) that can reasonably be met by practices, procedures, and obligations of investment managers. DALBAR evaluations are intended to facilitate the duties of the responsible fiduciary and do not replace the requirements to prudently select and monitor plan investments, including QDIAs. This validation represents DALBAR's opinion as an independent expert and has not been endorsed or approved by any regulatory agency.
This material is not intended to be used, nor can it be used by any taxpayer, for the purpose of avoiding U.S. federal, state, or local tax penalties. This material is written to support the promotion or marketing of the transaction(s) or matter(s) addressed by this material. Pacific Life and Pacific Life Funds, their distributors, and respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.
You should carefully consider an investment's goals, risks, charges, strategies, and expenses. This and other information about Pacific Life Funds are in the prospectus available from your financial advisor or by calling (800) 722-2333, option 2. Read the prospectus carefully before investing.
PL Portfolio Optimization Funds are exposed to the same risks as the underlying funds in direct proportion to the allocation of assets, among other risks. Each fund also bears its own risks, direct expenses, and indirect expenses for the underlying funds, which together can be higher than expenses incurred when investing directly in an underlying fund. Asset allocation does not guarantee future results, ensure a profit, or protect against loss.
Pacific Life, Pacific Select Distributors, and Pacific Life Funds do not provide any employer-sponsored qualified plan administrative services and do not act in a fiduciary capacity for any plan.
Pacific Life Fund Advisors LLC (PLFA), a wholly owned subsidiary of Pacific Life Insurance Company, is the investment advisor to the PL Portfolio Optimization Funds and is responsible for determining the asset allocation mix for each fund. PLFA also does business under the name Pacific Asset Management and manages certain funds under that name.
PL Portfolio Optimization Funds are offered by Pacific Life Funds. Pacific Life Funds are distributed by Pacific Select Distributors, Inc. (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company (Newport Beach, CA), and are available through licensed third-party broker/dealers.