Morningstar Advisor - Summer 2007 - (Page 28)

Gaze at Our Stars Portfolio Optimization Funds Morningstar RatingTM Class A, load waived as of 3/31/07. Portfolio Optimization Fund Morningstar Rating Aggressive ModerateAggressive A Discovery of Cosmic Proportions: • A sophisticated asset allocation strategy that is simple and convenient. • Our fund-of-funds offer investors an optimal mix of risk and return, with exposure of up to 800-1,100 distinct securities. • A multi-manager approach that offers the expertise of some of the top mutual fund money managers in the industry. 5 Stars Out of 1,589 Large Blend Funds +++++ 4 Stars Out of 1,589 Large Blend Funds ++++ Moderate 4 Stars Out of 871 Moderate Allocation Funds Overall Rating is based on 3-year Morningstar Risk-Adjusted Returns and accounts for variations in fund’s monthly performance. ++++ For more information visit www.PacificLife.com or call us at (800) 722-2333. For each fund with at least a 3-year history, Morningstar calculates a Morningstar RatingTM based on how a fund ranks on a Morningstar Risk-Adjusted Return measure against other funds in the same category. In each Morningstar category, the top 10% of funds earn five stars; the next 22.5% receive four stars; the middle 35%, three stars; the next 22.5%, two stars; and the bottom 10%, one star. This measure takes into account variations adjusted for redemption fees, and the risk-free rate, placing more emphasis on downward variations and rewarding consistent performance. Load-waived A share star ratings do not take into account front-end sales loads. Ratings are for 3-year, Class A shares, load-waived only; ratings for other share classes may vary. Morningstar weights performance over 3, 5 and 10 years, based on the 12/31/2003 inception date of the PL Portfolio Optimization Funds; only a 3-year rating is available. As of 3/31/2007, A shares of Portfolio Optimization Fund Moderate rated two stars out of 871 Moderate Allocation Funds. Moderate-Aggressive rated two stars, and Aggressive rated four stars out of 1,589 Large-Blend Funds.Visit www.PacificLife.com for the performance data current to the most recent month-end. Past performance does not guarantee future results. Asset allocation does not guarantee future results, assure a profit or protect against loss. Investment in an individual fund or funds in a single asset class may outperform or underperform an asset allocation fund. Share values will fluctuate and, when redeemed, may be worth more or less than the original cost. Investors should carefully consider an investment’s objectives, risks, charges, limitations and expenses.This and other information about Pacific Life Funds are in the prospectus that should be read carefully by clients before investing. Pacific Life Funds are distributed by Pacific Select Distributors, Inc. (member NASD & SIPC), a subsidiary of Pacific Life Insurance Company, and are available through licensed third party broker/dealers. No bank guarantee Not FDIC/NCUA insured Not a deposit May lose value Not insured by any federal government agency 6/07 10984-07B http://www.PacificLife.com http://www.PacificLife.com http://www.PacificLife.com

Table of Contents Feed for the Digital Edition of Morningstar Advisor - Summer 2007

Morningstar Advisor - Summer 2007 Contents Letter from the Publisher Get to Know the Bond “All-Stars” Research Briefs Our Stewardship Test Gets Tougher Save It for Later Too Many Oranges Best of Both Worlds No Two Clients Are Alike When It Comes to VAs, It’s Seller Beware Hands On: Finding the Suitable Fund Share Class for Your Client Fund Style Can Drift Off Course Sticking to Their Style, Through Thick and Thin Marathon Man Growth, With a Chaser A Menu of Ideas to Fill Five Market Baskets Funds: Finding Funds with Conviction Stocks: So You Say You Want Income? All Eyes on China Mutual Fund Analyst Picks Undervalued Stocks Most Popular Variable Annuities What’s New at Morningstar and on the Web The Advisor’s Economic Moat

Morningstar Advisor - Summer 2007

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