Fixed Income

The fixed-income investment world is constantly changing. As income has decreased from most traditional sources, it’s important to search this changing landscape for broad and more flexible investment strategies.

Pacific Funds offers fixed-income funds, each with a specific approach to income. All funds are:

Designed for Income
Our funds cover a broad spectrum of income opportunities, enabling shareholders to select solutions to help meet their own particular needs and risk-reward preferences.

Based on Experience
Our portfolio management team specializes in fixed-income asset management based on a foundation of corporate credit research.


Fund Literature

Diversify with Corporate Income Client Brochure 1Q 2018
Pacific Funds offers six fixed-income funds with opportunities for investors seeking the potential benefits of corporate income.
(MFC0640-0318)
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Pacific Funds Client Resource Guide 1Q 2018
Includes fact sheets and an overview of the portfolio management team's investment approach.
(MFC0641-0318)
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Focused on Corporate Income

The Fixed-Income Funds cover a broad spectrum of income opportunities, enabling shareholders to select solutions to help meet their own particular needs and risk-reward preferences. They are carefully constructed using a combination of investment-grade corporate bonds, high-yield/high-risk corporate bonds, floating-rate loans, and short-term debt securities.

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About Risk

All investing involves risks including the possible loss of the principal amount invested. Debt securities with longer durations or fixed interest rates tend to be more sensitive to changes in interest rates, making them generally more volatile than debt securities with shorter durations or floating or adjustable interest rates. The Fund is subject to liquidity risk (the risk that an investment may be difficult to purchase and sell within a reasonable amount of time at approximately the price the fund has valued the investment) and credit risk (the risk an issuer may be unable or unwilling to meet its financial obligations, risking default). Floating-rate loans (usually rated below investment grade) and high-yield/high-risk bonds ("junk bonds") have greater risk of default than higher-rated securities/higher-quality bonds that may have a lower yield. Interest rates and bond prices have an inverse relationship. The fund is also subject to foreign markets risk.

Pacific Asset Management

Pacific Asset Management, a subsidiary of Pacific Life Insurance Company (Pacific Life), is the subadvisor for the Fixed-Income Funds. The portfolio managers specialize in credit investments, applying their depth of experience to identify opportunities and value in multiple areas of the credit market. They believe in a
disciplined investment process that focuses on credit fundamentals for individual security selection.

Pacific Asset Management offers investors two potential advantages rarely found in the same entity: speed and size. Organized like a boutique firm, Pacific Asset Management is able to act quickly on investment ideas while being supported by the scale and infrastructure of Pacific Life.

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Investment Philosophy

The Pacific Asset Management investment philosophy focuses on four areas:

Fundamental AnalysisTop-Down Market Assessment
Fundamental credit analysis is the cornerstone of the investment process. Credit analysis is performed on each company and a relative value analysis is performed on each security.The fundamental analysis is complemented by a top-down assessment. The managers identify potential macro headwinds or tailwinds and articulate these findings through overall portfolio risk and sector weightings.
Team ApproachCapital Preservation
Close communication between portfolio managers and research analysts is used to promote idea generation. The team draws on each member’s experience to provide a blend of investment insight and perspective.The investment team focuses on companies they believe will meet their debt obligations, thus mitigating downside risk and preserving investor capital. In addition, the Fixed-Income Funds typically hold larger issuers, which improves liquidity in various market environments.

Portfolio Managers

The Fixed-Income Funds portfolio management and research group is a cohesive team of professionals who, on average, possess more than a decade of investment experience.

C. Robert Boyd

C. Robert Boyd
17 years of investment experience

J.P. Leasure

J.P. Leasure
18 years of investment experience

Michael Marsouk, CFA ®

Michael Marsouk, CFA
18 years of investment experience

Brian M. Robertson, CFA &reg

Brian M. Robertson, CFA
12 years of investment experience

David Weismiller, CFA ®

David Weismiller, CFA
18 years of investment experience



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.

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

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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.

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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.

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