Morningstar Magazine - February/March 2018 - Cover3

3 YEARS. 4 STARS.
Pacific Funds Small/Mid-Cap
SM

Received a 4-Star Overall Morningstar Rating™ for Advisor Class out of 652 Small Blend funds
based on risk-adjusted returns as of 12/31/17.
Visit our website to learn more about this Fund and other Pacific FundsSM U.S. Equity Funds on their 3-year anniversaries.

WWW.PACIFICFUNDS.COM
PACIFIC FUNDS SM
Large-Cap

PACIFIC FUNDS SM
Large-Cap Value

PACIFIC FUNDS SM
Small/Mid-Cap

PACIFIC FUNDS SM
Small-Cap

PACIFIC FUNDS SM
Small-Cap Value

PACIFIC FUNDS SM
Small-Cap Growth

PFCDX

PFVDX

PFMDX

PFQDX

PFFDX

PFWDX

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.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that
accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Exchange-traded
funds and open-ended mutual funds are considered a single population for comparative purposes. The top 10% of funds in each category receive five stars, the
next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. The Overall Morningstar
Rating calculation uses the weighted average of the three-, five-, and ten-year Morningstar Ratings, if applicable, and is only calculated using Morningstar Ratings
for periods with actual share class returns. Morningstar Ratings for other share classes may have different performance characteristics. Morningstar Ratings may
be based, in part, on adjusted historical returns for periods prior to the inception of the selected share class (italicized stars). These adjusted historical returns
are not actual returns, and reflect the historical performance of the oldest share class of the fund. © 2018 Morningstar Investment Management, LLC. All Rights
Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate,
complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Fund's
Advisor Class also received a 3-Year Morningstar Rating™ of 4 stars out of 652 Small Blend Funds. For ratings for other share classes, visit www.PacificFunds.com/
Performance. Morningstar Ratings are objective, based entirely on a mathematical evaluation of past performance. They're a useful tool for identifying investments
worthy of further research, but shouldn't be considered buy or sell recommendations.

All investing involves risk, including the possible loss of the principal amount invested. Equity securities tend to go up or down in value,
sometimes rapidly and unpredictably. Small- and mid-capitalization companies may be more susceptible to liquidity risk and price
volatility risk and more vulnerable to economic, market, and industry changes than larger, more established companies.
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.

You 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 or www.PacificFunds.com. The prospectus and/or summary prospectus should be read carefully before investing.
The Funds and/or share classes may not be sold at all firms, and not all investors may be eligible for all share classes.
Morningstar Investment Management LLC and its affiliates are not affiliated with Pacific Life Insurance Company, Pacific Funds, their distributors, their affiliates, or
their respective representatives.
Third-party trademarks and service marks are the property of their respective owners.
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.
Not FDIC insured * No bank guarantee * May lose value

PACIFIC FUNDS: U.S. EQUITY. FIXED INCOME. MULTI-ASSET & ALTERNATIVES.


http://WWW.PACIFICFUNDS.COM http://www.PacificFunds.com/Performance http://www.PacificFunds.com/Performance http://www.PacificFunds.com/Performance http://www.PacificFunds.com

Table of Contents for the Digital Edition of Morningstar Magazine - February/March 2018

Contents
Morningstar Magazine - February/March 2018 - Cover1
Morningstar Magazine - February/March 2018 - Cover2
Morningstar Magazine - February/March 2018 - 1
Morningstar Magazine - February/March 2018 - 2
Morningstar Magazine - February/March 2018 - Contents
Morningstar Magazine - February/March 2018 - 4
Morningstar Magazine - February/March 2018 - 5
Morningstar Magazine - February/March 2018 - 6
Morningstar Magazine - February/March 2018 - 7
Morningstar Magazine - February/March 2018 - 8
Morningstar Magazine - February/March 2018 - 9
Morningstar Magazine - February/March 2018 - 10
Morningstar Magazine - February/March 2018 - 11
Morningstar Magazine - February/March 2018 - 12
Morningstar Magazine - February/March 2018 - 13
Morningstar Magazine - February/March 2018 - 14
Morningstar Magazine - February/March 2018 - 15
Morningstar Magazine - February/March 2018 - 16
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Morningstar Magazine - February/March 2018 - 18
Morningstar Magazine - February/March 2018 - 19
Morningstar Magazine - February/March 2018 - 20
Morningstar Magazine - February/March 2018 - 21
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Morningstar Magazine - February/March 2018 - 35
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