|1. See the underlying fund prospectuses for information about each money manager listed above.|
2. Morningstar Category as of 3/31/2013
3. 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.
4. The American Funds Growth-Income, American Funds Growth, and American Funds Asset Allocation portfolios of the Pacific Select Fund invest their assets in American Funds Insurance Series Growth-Income Fund, Growth Fund, and Asset Allocation Fund, respectively (each a Master Fund). Capital Research and Management Company is the investment adviser to the Master Fund.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. 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 insurance company is solely responsible for the financial obligations accruing under the products it issues. Insurance products and their guarantees, including optional benefits and any fixed subaccount crediting rates, are backed by the financial strength and claims-paying ability of the issuing insurance company, but they do not protect the value of the variable investment options. Look to the strength of the life insurance company with regard to such guarantees as these guarantees are not backed by the broker-dealer, insurance agency or their affiliates from which products are purchased. Neither these entities nor their representatives make any representation or assurance regarding the claims-paying ability of the life insurance company. Variable insurance products and shares of Pacific Select Fund are distributed by Pacific Select Distributors, Inc., (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company, and an affiliate of Pacific Life & Annuity Company, and are available through licensed third-party broker-dealers.
American Century Investment Services, Inc., BlackRock Investments, LLC, Fidelity Distributors Corporation, Franklin Templeton Distributors, Inc., GE Investment Distributors, Inc., Invesco Distributors, Inc., Janus Distributors LLC, Lazard Asset Management Securities LLC, Legg Mason Investor Services, LLC, Lord Abbett Distributor LLC, MBSC Securities Corporation, MFS Fund Distributors, Inc., Neuberger Berman Management LLC, OppenheimerFunds Distributor, Inc., PIMCO Investments LLC, Royce Fund Services, Inc., T. Rowe Price Investment Services, Inc., and Van Eck Securities Corporation, and the products each distributes, are not affiliated with Pacific Life and Pacific Select Distributors, Inc.
All American Funds trademarks referenced in this publication are registered trademarks owned by American Funds Distributor, Inc. or an affiliated company.
BlackRock is a registered trademark of BlackRock, Inc. All other trademarks are property of their respective owners.
Fidelity and Contrafund are registered trademarks of FMR LLC.
MFS is a registered trademark of Massachusetts Financial Services Company.
Main Street is a registered trademark of OppenheimerFunds, Inc.
Although some portfolios may have names or investment goals/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.
Asset allocation is the process of distributing investments among varying classes of investments (e.g., stocks and bonds). It does not guarantee future results, assure a profit, or protect against loss. The Cash Management Portfolio is not FDIC insured or guaranteed. Unlike many money market funds, the Cash Management Portfolio is not managed to maintain a constant net asset value (NAV) per share; instead, the NAV for this portfolio changes with the value of its investments. Currency exposure subjects a portfolio to changes in the rates of exchange between currencies, which may result in increased volatility. Derivatives can be complex instruments that may experience sudden changes in price and liquidity, may be difficult to value, sell or unwind and may be leveraged, which can cause very large swings in value. Emerging market securities tend to be more volatile and less liquid than those in developed countries. Portfolios with fewer securities may be subject to greater price volatility. Floating rate loans involve risk of default on interest and principal payments or price changes due to changes in credit quality of the issuer. The value can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments. Investments in foreign markets are subject to currency fluctuations, political changes and less liquidity than U.S. investments. Forward commitments, which are securities whose terms are defined or scheduled to settle on a future date, are subject to risk of default or bankruptcy of the counterparty. If the counterparty fails to honor its obligations, the portfolio may miss an advantageous investment opportunity. Fund-of-funds are subject to the risks associated with the underlying funds in which they invest. They also involve direct expenses for each fund and indirect expenses for the underlying funds, which together can be higher than expenses incurred when investing directly in an underlying fund. High yield bonds (also known as “junk bonds”) have greater credit risk than higher quality bonds. Interest rate changes may cause the value of debt securities to fluctuate. The performance of index portfolios, whose investments track an index, may vary substantially from the performance of the portfolio’s benchmark index due to imperfect correlation between the portfolio’s investments and the index. Leverage can increase market exposure and may subject a portfolio to a loss far greater than the principal amount invested. A non-diversified portfolio may invest a greater percentage of its assets in a single issuer than a diversified portfolio thereby increasing its volatility. Non-traditional or alternative investment performance may be correlated with traditional equity and fixed income investments over short or longer term periods, resulting in a lessened diversification effect and increased volatility from including such a portfolio as part of an asset allocation strategy. Companies engaged in precious metals-related activities may be adversely affected by drops in the prices of the precious metals themselves, which prices can be volatile. Sector and concentrated portfolios, which invest significantly in an industry or sector, or geographically concentrated portfolios, which invest significantly in a single or limited number of countries or particular geographic region, may be subject to greater price volatility. Short positions, whether taken through a derivative instrument or by conducting a short sale, pose a risk because they lose value as the security’s or reference asset’s price increases; therefore, the loss on a short position is theoretically unlimited. Leverage can increase market exposure and magnify investment risk. Generally, stocks of small-cap and mid-cap companies may be riskier and more volatile than those of larger, more established companies. Socially responsive portfolios could underperform similar funds that do not have a social policy. Among the reasons for this are: undervalued stocks that do not meet the social criteria could outperform those that do, economic or political changes could make certain companies less attractive for investment, and the social policy could cause the Fund to sell or avoid stocks that subsequently perform well.
You should carefully consider a variable life insurance product’s risks, charges, limitations, and expenses, as well as the risks, charges, expenses and investment goals/objectives of the underlying investment options. This and other information about Pacific Life insurance products are provided in the applicable product and underlying fund prospectuses which are available from your life insurance producer or by clicking here . Read them carefully before investing or sending money.