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Media Contact:
Tennyson Oyler
(949) 219-3248
                                                                                                                                                            
 For Immediate Release

Pacific Life Funds Launches
the "Diversify with Corporate Income" Campaign

Offering Insight into Today's Fixed-Income Opportunities


Newport Beach, Calif. (June 27, 2013) - There are opportunities to generate solid returns from fixed-income investments, even in today's low-interest-rate environment. Pacific Life Funds is drawing attention to these opportunities in a new promotional campaign, "Diversify with Corporate Income." The campaign's goal is to educate investors about the importance of diversifying their fixed-income investments through corporate income. In exchange for increased risk, corporate fixed-income securities can provide greater opportunities for income as compared to U.S. government securities. This strategy can help maintain more stable overall returns in varying economic and market environments.

"Most investors are not familiar with the spectrum of fixed-income opportunities available to them," says Chris van Mierlo, Chief Marketing Officer and Senior Vice President of Sales, Pacific Life's Retirement Solutions Division. "That's why the educational component of our campaign is so important because it provides investors and their advisors the tools to understand the benefits of adding corporate income to a portfolio."

All five of the PL Fixed-Income Funds, PL Short Duration Income Fund, PL Income Fund, PL Strategic Income Fund, PL Floating Rate Income Fund, and PL High Income Fund, provide investors with an excellent opportunity to realize the benefits of corporate income. Fund holdings include a combination of investment-grade corporate bonds, high-yield corporate bonds, floating-rate loans, and short-term debt securities.

"With the PL Fixed-Income Funds, investors benefit from a team that specializes in corporate income investing. By applying its depth of experience across multiple areas of the credit markets, the team can find opportunities across the complete corporate income spectrum," says van Mierlo. "Investors can select the appropriate PL Fixed-Income Fund or Funds by working with their financial advisors to identify the options best suited to their personal needs and preferences."

Pacific Asset Management, the manager of the PL Fixed-Income Funds, specializes in institutional fixed-income asset management, with a focus on corporate income. The members of this cohesive team have worked together for over a decade and possess, on average, more than 15 years of investment experience.

As with any mutual fund, the value of the Funds' holdings will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The Funds are subject to interest-rate risk (bond prices generally fall when interest rates rise) and credit risk (the risk an issuer may be unable or unwilling to meet its financial obligations). Floating-rate loans involve risk of default on interest or principal payments along with risks of bankruptcy and illiquidity. The Funds invest in high-yield bonds (also known as "junk bonds"), which have greater credit risk than higher-quality bonds. The Funds are subject to liquidity risk (the risk that certain investments may be difficult to purchase and sell in adverse market conditions). Investments in foreign markets are subject to currency fluctuations, political changes, and less liquidity than U.S. investments. Investments rated below investment grade are generally subject to greater price volatility and illiquidity than higher-rated investments.

To learn more about the PL Fixed-Income Funds, visit Pacific Life Funds at 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 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 2013 is compiled by Pacific Life using the 2013 FORTUNE 500® list.

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.

Pacific Life Fund Advisors LLC (PLFA), a wholly owned subsidiary of Pacific Life Insurance Company, is the investment advisor to the Pacific Life Funds (PLF) and the manager of certain PLF funds. PLFA also does business under the name Pacific Asset Management and manages certain PLF funds under that name.

Mutual 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.