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Pacific Life variable annuities offer tax-deferred growth potential on earnings, guaranteed lifetime income options, a guaranteed death benefit, and the ability to transfer among broadly diversified investment options tax-free.

We believe to maximize diversification, you need access to a wide range of traditional and nontraditional investment options. Our investment lineup has over 100 investment options representing more than 30 asset managers and 40 distinct investment styles. Click on the individual portfolio name to learn more.

Below are the investment options available through Pacific Life variable annuities.

+ U.S. Fixed-Income Funds

Manager Fund Name Morningstar Category
American Funds® IS Bond FundSM Intermediate-Term Bond
American Funds® IS High-Income Bond FundSM High Yield Bond
American Funds® IS US Govt/AAA Rated Securities FundSM Intermediate-Term Bond
Barings Inflation Strategy Intermediate-Term Bond
Eaton Vance Floating Rate Loan Bank Loan
Fidelity® VIP Government Money Market Portfolio Money Market - Taxable
Fidelity® VIP Strategic Income Multi-Sector Bond
Janus Henderson VIT Flexible Bond Intermediate-Term Bond
Lord Abbett Bond Debenture Portfolio VC High Yield Bond
Lord Abbett Total Return Portfolio VC Intermediate-Term Bond
Pacific Asset Management Core Income Intermediate-Term Bond
Pacific Asset Management Floating Rate Income Bank Loan
Pacific Asset Management High Yield Bond High Yield Bond
PIMCO Inflation Managed Inflation-Protected Bond
PIMCO Managed Bond Intermediate-Term Bond
T. Rowe Price Short Duration Bond Short-Term Bond
Western Asset Management Diversified Bond Intermediate-Term Bond

+ Non-U.S. Fixed-Income Funds

Manager Fund Name Morningstar Category
American Funds® IS Global Bond FundSM World Bond
Ashmore Emerging Markets Debt Emerging Markets Bond
Templeton Global Bond VIP Fund World Bond

+ U.S. Equity Funds

Manager Fund Name Morningstar Category
AB Small-Cap Value Small Value
American Century VP Mid Cap Value Mid-Cap Value
American Funds® IS Blue Chip Income and Growth FundSM Large Value
American Funds® IS Growth FundSM Large Growth
American Funds® IS Growth-Income FundSM Large Blend
BlackRock Equity Index Large Blend
BlackRock Large-Cap Growth Large Growth
BlackRock Small-Cap Index Small Blend
Boston Partners Mid-Cap Value Mid-Cap Value
ClearBridge Large-Cap Value Large Value
ClearBridge Variable Aggressive Growth Portfolio Large Growth
Fidelity® VIP Contrafund® Large Growth
Franklin Rising Dividends VIP Fund Large Blend
Franklin/BlackRock Small-Cap Equity Small Value
Invesco Comstock Large Value
Ivy Mid-Cap Growth Mid-Cap Growth
Janus Focused Growth Large Growth
JPMorgan Long/Short Large-Cap Long-Short Equity
JPMorgan Value Advantage Large Value
Lord Abbett Dev Growth Small Growth
MFS® Growth Large Growth
Oppenheimer Main Street® Core Large Blend
Scout Investments Mid-Cap Equity Mid-Cap Blend
T. Rowe Price Dividend Growth Large Blend

+ Non-U.S. Equity Funds

Manager Fund Name Morningstar Category
American Funds® IS Global Growth and Income FundSM World Stock
American Funds® IS Global Growth FundSM World Stock
American Funds® IS Global Small Capitalization FundSM World Stock
American Funds® IS International FundSM Foreign Large Growth
American Funds® IS International Growth and Income FundSM Foreign Large Blend
American Funds® IS New World Fund® Diversified Emerging Markets
Franklin Mutual Global Discovery VIP Fund World Stock
Lord Abbett International Equity Portfolio VC Foreign Large Blend
MFS® International Large-Cap Large Growth
Oppenheimer Emerging Markets Diversified Emerging Markets
Oppenheimer Global Fund/VA World Stock
Oppenheimer International Growth Fund/VA Foreign Large Growth
QS Investors International Small-Cap Foreign Small/Mid Blend
Wellington International Value Foreign Large Value

+ Alternative Strategies Funds

Manager Fund Name Morningstar Category
AQR Equity Long/Short Long-Short Equity
BlackRock iShares® Alternative Strategies V.I. Fund Multialternative
Eaton Vance Global Absolute Return Non-Traditional Bond
Neuberger Berman U.S. Equity Index PutWrite Strategy Portfolio Option Writing
PIMCO VIT CommodityRealReturn® Strategy Portfolio Commodities Broad Basket
PLFA Diversified Alternatives Portfolio Multialternative
UBS/MCG Currency Strategies Multicurrency
VanEck VIP Global Hard Assets Fund Natural Resources

+ Sector Funds

Manager Fund Name Morningstar Category
BlackRock Health Sciences Health
Invesco V.I. Global Real Estate Global Real Estate
Ivy VIP Energy Equity Energy
MFS Technology Technology
MFS® Utilities Series Utilities
Morgan Stanley Real Estate Real Estate

+ Asset Allocation/Balanced Funds

Manager Fund Name Morningstar Category
American Funds® IS Asset Allocation FundSM 50% to 70% Equity - Allocation
American Funds® IS Capital Income Builder® FundSM World Allocation
American Funds® IS Global Balanced FundSM World Allocation
American Funds® IS Managed Risk Asset Allocation FundSM 50% to 70% Equity - Allocation
BlackRock Global Allocation V.I. Fund World Allocation
BlackRock iShares® Dynamic Allocation V.I. Fund Multialternative
DFA Balanced Allocation Portfolio 50% to 70% Equity - Allocation
Fidelity® VIP FundsManager® 60% 50% to 70% Equity - Allocation
First Trust Dorsey Wright Tactical Core Portfolio 30% to 50% Equity - Allocation
First Trust Dow Jones Dividend & Income Allocation Portfolio 50% to 70% Equity - Allocation
First Trust Multi Income Allocation Portfolio 30% to 50% Equity - Allocation
Franklin Founding Funds Allocation VIP Fund 70% to 85% Equity - Allocation
Franklin Income VIP Fund 30% to 50% Equity - Allocation
Invesco V.I. Balanced-Risk Allocation Fund Tactical Allocation
Invesco V.I. Equity and Income Fund 50% to 70% Equity - Allocation
Ivy VIP Asset Strategy World Allocation
Janus Henderson VIT Balanced Portfolio 50% to 70% Equity - Allocation
JPMorgan Insurance Trust Global Allocation Portfolio World Allocation
JPMorgan Insurance Trust Income Build Portfolio 30% to 50% Equity - Allocation
MFS® Total Return Series 50% to 70% Equity - Allocation
PLFA Pacific Dynamix ® Growth 70% to 85% Equity - Allocation
PLFA Pacific Dynamix® Conservative-Growth 30% to 50% Equity - Allocation
PLFA Pacific Dynamix® Moderate-Growth 50% to 70% Equity - Allocation
PLFA Portfolio Optimization Aggressive-Growth 85%+ Equity - Allocation
PLFA Portfolio Optimization Conservative 15% to 30% Equity - Allocation
PLFA Portfolio Optimization Growth 70% to 85% Equity - Allocation
PLFA Portfolio Optimization Moderate 50% to 70% Equity - Allocation
PLFA Portfolio Optimization Moderate-Conservative 30% to 50% Equity - Allocation
State Street Total Return V.I.S. Fund Moderate Allocation

Investors should carefully consider a variable annuity's risks, charges, limitations, and expenses, as well as the risks, charges, expenses, and investment goals of the underlying investment options. This and other information about Pacific Life are provided in the product and underlying fund prospectuses. These prospectuses should be read carefully before investing.

Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.

Please refer to the product prospectus and additional prospectuses, statements of additional information, and annual and semi-annual reports for the underlying funds for more detailed information, including fund availability.

Pacific Life's variable annuity products offer a wide variety of variable investment options. Each variable investment option invests in a corresponding fund of the American Century Variable Portfolios, Inc., American Funds Insurance Series®, BlackRock® Variable Series Funds, Inc., Fidelity® Variable Insurance Products Funds, First Trust Variable Insurance Trust, Franklin Templeton Variable Insurance Products Trust, Invesco Variable Insurance Funds, Ivy Funds Variable Insurance Portfolios, Janus Henderson VIT, JPMorgan Insurance Trust, Legg Mason Partners Variable Equity Trust, Lord Abbett Series Fund, Inc., MFS® Variable Insurance Trust, Neuberger Berman Advisers Management Trust, Oppenheimer Variable Account Funds, Pacific Select Fund, PIMCO Variable Insurance Trust, State Street Variable Insurance Series Funds, Inc., and VanEck VIP Trust.

American Century Investment Services, Inc., American Funds Distributors, Inc., BlackRock Distributors, Inc., Fidelity Distributors Corporation, First Trust Portfolios, L.P., Franklin Templeton Distributors, Inc., Invesco Distributors, Inc., Ivy Distributors, Inc., Janus Henderson Distributors LLC, JPMorgan Distribution Services, Inc., Legg Mason Investor Services, LLC, Lord Abbett Distributor LLC, MFS Fund Distributors, Inc., Neuberger Bergman Management LLC, OppenheimerFunds Distributor, Inc., PIMCO Investments LLC, State Street Global Markets, LLC, Van Eck Securities Corporation, and the products each distributes are not affiliated with Pacific Life or Pacific Select Distributors, LLC.

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

Although some funds may have names or investment goals that resemble retail mutual funds managed by the same money manager, these funds may not have the same underlying holdings or performance as the retail mutual funds. Investment results may be higher or lower.

Third-party trademarks and service marks are the property of their respective owners.

The Russell 2000 Index and Russell 2000 Value Index (together, the "Indexes") are calculated by Russell or its agent, are trademarks of Frank Russell Company ("Russell"), and have been licensed for use by Pacific Select Fund ("PSF"). Neither Russell nor the London Stock Exchange Group companies (together the "Licensor Parties") sponsor, endorse, sell or promote any portfolios of PSF, the content of this communication, or make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to (i) the results to be obtained from the use of the Indexes, or (ii) the suitability of the Indexes for the purpose to which they are being put. The Licensor Parties do not and will not provide any financial or investment advice or recommendation in relation to the Index to Pacific Select Fund or its clients. The Licensor Parties do not accept any liability to any person for any errors or omissions in the Russell Indexes and are under no obligation to advise any person of any error therein.

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 product and rider guarantees, including optional benefits and any fixed subaccount crediting rates or annuity payout rates, are backed by the financial strength and claims-paying ability of the issuing insurance company and do not protect the value of the variable investment options. They are not backed by the broker/dealer from which this annuity is purchased, by the insurance agency from which this annuity is purchased, or any affiliates of those entities, and none makes any representations or guarantees regarding the claims-paying ability of the issuing insurance company.

Variable insurance products, as well as shares of the Pacific Select Fund, are distributed by Pacific Select Distributors, LLC (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company (Newport Beach, CA) and an affiliate of Pacific Life & Annuity Company, and are available through licensed third parties.