Definitions
One basis point is equal to 0.01%.
Bloomberg US Aggregate Bond Index is composed of investment-grade U.S. government bonds, investment-grade corporate bonds, mortgage pass-through securities, and asset-backed securities, and is commonly used to track the performance of U.S. investment-grade bonds.
The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them. Changes in the CPI are used to assess price changes associated with the cost of living.
Floating-Rate Loans are represented by Credit Suisse Leveraged Loan Index, which is designed to mirror the investable universe of the U.S. senior secure credit (leveraged loan) market.
High-Yield represented by the Bloomberg US Corporate High Yield Index and index components. The Bloomberg US Corporate High Yield Bond Index measures the USD-denominated, high yield, fixed-rate corporate bond market.
The MSCI Emerging Markets Index tracks the performance of equity stocks in selected emerging foreign markets.
The MSCI World Index is a broad global equity index that represents large and mid-cap equity performance across 23 developed-markets countries.
The Russell 1000 Growth Index measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000 companies with higher price-to-value ratios and higher forecasted growth values.
The Russell 2000 Value Index is a small-cap stock market index that makes up the smallest 2,000 stocks in the Russell 3000 Index.
The S&P 500 Index is a market capitalization-weighted index of 500 widely held stocks often used as a proxy for the U.S. stock market.
Yield to maturity is the total rate of return that will have been earned by a bond when it makes all interest payments and repays the original principal.
Disclosures
You cannot invest directly into an index. Pacific Asset Management LLC is the subadvisor for the Pacific Funds' fixed income funds. The views in this commentary are as of January 12, 2022 and are presented for informational purposes only. These views should not be construed as investment advice, an endorsement of any security, mutual fund, sector, or index, or to predict performance of any investment.
The opinions expressed herein are subject to change without notice as market and other conditions warrant. Any performance data quoted represents past performance, which does not guarantee future results. Any forward-looking statements are not guaranteed. All material is compiled from sources believed to be reliable, but accuracy cannot be guaranteed.
All material is compiled from sources believed to be reliable, but accuracy cannot be guaranteed. Sector names in this commentary are provided by the funds portfolio managers and could be different if provided by a third party. Past performance does not guarantee future results. All investing involves risks, including the possible lose of the principle amount invested. High yield, high risk bonds or junk bonds and floating rate loans usually rated below investment grade have a greater risk of default than the higher rated securities, higher quality bonds that may have a lower yield. Corporate bonds are subject to issuer risk in that their value may decline for reasons directly related to the issuer of the security.
Pacific Life Insurance Company is the administrator for 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 summary prospectus contains this in other information and should be read carefully before investing. The prospectus can be obtained by visitingpacificfunds.com. Pacific Funds and Pacific Asset Management LLC are registered service marks of Pacific Life Insurance Company.
S&P is a standard trademark of Standards and Pores Financial Services, LLC. All third party trademarks referenced by Pacific Life, such as S&P, belong to their respective owners. References of third party trademarks do not indicate or signify any relationship, sponsorship, or endorsement between Pacific Life and the owners of referenced trademarks.
Index performance is not indicative of fund performance. For performance data current to the most recent month end, call Pacific funds at 1-800-722-2333, or go to pacificfunds.com/performance. Holdings are subject to change at any time. Please visit PacificFunds.com for a current list of fund holdings.
Pacific Funds are distributed by Pacific Select Distributors, LLC (member of 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.
