Pacific FundsSM Diversified Alternatives

Class AClass CAdvisor Class
TickerFund NumberTickerFund NumberTickerFund Number
PLALX147PLCLX347PLDLX047

Pacific Funds Diversified Alternatives Provides:

  • A Simplified Approach to Alternatives Investing: The fund provides exposure to multiple alternative strategies and nontraditional asset classes in one fund.
  • Professional Management and Oversight: An experienced portfolio management team uses a disciplined approach to oversee investment manager selection, asset allocation, and investment risk management.
  • Portfolio Diversification: The addition of alternative asset classes to a portfolio can help improve diversification and may help smooth out the overall risk.

Fund Overview

Investment Goal: The Fund seeks to provide total return.

Investment Strategy: The Fund is a fund-of-funds that seeks to achieve its investment goal by investing in other funds of the Trust (the underlying funds) to gain exposure to a number of different alternative investment strategies or nontraditional asset classes. The Fund seeks to maintain a low to moderate correlation with traditional equity and fixed-income asset classes over long-term periods. Thus, the Fund may complement and/or serve to further diversify an investor’s portfolio of traditional equity and fixed-income investments. Although the performance of the Fund is generally expected to have low to moderate correlation with the performance of traditional equity and fixed-income asset classes over long-term periods, certain investment decisions might cause the Fund to have a higher correlation with the performance of traditional asset classes over short- or long-term periods.

Fund Performance (as of 6/30/18)

  Total Returns (%) Annualized Total Returns (%)
  3-Month YTD 1-Year 3-Year
Since Fund Inception
12/31/13
Class A—NAV –2.91 –1.83 1.44 3.53 2.86
Class A—MOP1 –8.26 –7.21 –4.16 1.59 1.57
Class C—NAV –3.07 –2.17 0.69 2.77 2.08
Class C—MOP2 –4.04 –3.15 –0.29 2.77 2.08
Advisor Class3 –2.90 –1.72 1.59 3.76 3.07
FTSE 1-Month US Treasury Bill Index 0.42 0.77 1.27 0.60 0.41

Returns reflect reinvestment of dividends and distributions. Where a sales charge is illustrated, it is applied at the beginning of the period. Index inception existed prior to 12/31/13. Returns shown at net asset value (NAV) have all distributions reinvested. If a sales charge had been deducted, the results would have been lower. Returns shown at maximum offering price (MOP) for Class A and Class C shares reflect payment of the maximum sales charge or contingent deferred sales charge (CDSC).

1Class A shares at MOP reflect the deduction of an up-front 5.50% sales load. 2Class C shares at MOP reflect the deduction of a 1.00% CDSC. 3Advisor Class shares are sold at net asset value (NAV) without an initial sales charge and do not include a CDSC. 4A market value-weighted index of public obligations of the U.S. Treasury with maturities of one month. Index is unmanaged and cannot be invested in directly. Further, they hold no cash and incur no expenses.

For performance data current to the most recent month-end, call Pacific Funds at (800) 722-2333, Option 2, or go to www.PacificFunds.com/Performance. Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the performance quoted. The investment return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than the original cost.

Fund Holdings (as of 6/30/18)

Underlying Fund (Manager) (%)
PF Global Absolute Return
(Eaton Vance)
  22.9
PF Currency Strategies
(UBS AM/MCG)
  21.5
PF Emerging Markets Debt
(Ashmore)
  14.1
PF Equity Long/Short
(AQR)
  10.1
diversified-underlying-fund
Underlying Fund (Manager) (%)
Pacific FundsSM Floating Rate Income
(Pacific Asset Management)
  9.3
PF Emerging Markets
(Oppenheimer)
  6.8
PF International Small-Cap
(QS Investors)
  6.7
PF Inflation Managed
(PIMCO)
  5.2
PF Real Estate
(Principal REI)
  3.3

Total allocation percentages may not equal 100% due to rounding or omissions of holdings of less than 1%. Each Underlying Fund has its own investment goal, strategy, and risks and may not be available for individual purchase. The prospectuses for the underlying funds are available at www.PacificFunds.com.

Annual Fund Operating Expenses (%)

  Gross Net
Class A 2.22 1.83
Class C 2.97 2.58
Advisor Class 1.97 1.58

The Fund's annual operating expenses shown above are effective 8/1/17 through 7/31/18. Gross Expense Ratio reflects the total annual operating expenses paid by the Fund. Net Expense Ratio reflects waivers, reductions, reimbursements, and the limitation of certain “Other Expenses.” Expense caps and/or fee waivers are reevaluated annually. There is no guarantee that the investment adviser will continue to cap expenses after the expiration date. Please see the current prospectus for detailed information.

Fund Characteristics

 
Annual Turnover Ratio* 37%
Total Net Assets ($M)**
$40.4

*Calculated as of 3/31/17 fiscal year-end.
**Net assets of the entire Fund, including all share classes, as of 6/30/18.

Investment Management

Portfolio Managers

Howard T. Hirakawa, CFA: 23 years of investment experience

Carleton J. Muench, CFA: 19 years of investment experience

Max Gokhman, CFA: 11 years of investment experience

Samuel S. Park: 18 years of investment experience

Investment Adviser

Pacific Life Fund Advisors LLC

About Risk

There is no guarantee the Fund will achieve its investment goal. Nontraditional 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 when included in a portfolio as part of an asset allocation strategy. Asset allocation and diversification do not guarantee future results, ensure a profit, or protect against loss. Better results could be achieved by investing in an individual fund or funds representing a single asset class rather than using asset allocation. 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. A fund-of-funds is subject to its own expenses along with the expenses of the underlying funds. It is typically exposed to the same risks as the underlying funds in which it invests in proportion to the allocation of assets among those underlying funds, among other risks. Debt securities with longer durations or fixed interest rates are generally more volatile than debt securities with shorter durations or floating or adjustable interest rates.

 

 

DOL - Pacific Funds

Pacific Life Insurance Company is the administrator for Pacific Funds. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.

Investors should consider a fund’s investment goal, risks, charges, and expenses carefully before investing. The prospectus and/or the applicable summary prospectus contain this and other information about the fund and are available from your financial advisor. The prospectus and/or summary prospectus should be read carefully before investing.

All share classes may not be available at all firms, and not all investors may be eligible for all share classes.

Third-party trademarks and service marks are the property of their respective owners.
PLFA3

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

PSD2

Mutual funds are offered by Pacific Funds. Pacific Funds are distributed by Pacific Select Distributors, LLC (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company (Newport Beach, CA), and are available through licensed third parties. Pacific Funds refers to Pacific Funds Series Trust.

AM6

No bank guarantee. May lose value. Not FDIC insured.