Welcome!

News Feed Item

The PL Income Fund Receives Four Stars From Morningstar(R)

NEWPORT BEACH, CA -- (Marketwired) -- 01/15/14 -- On the heels of its three-year anniversary, the PL Income Fund has received its first Morningstar ratings in the Corporate Bond category. The load-waived version of the mutual fund's Class A shares was awarded four stars, while the load version was awarded three stars.

"This is particularly exciting because the PL Income Fund is already one of Pacific Life Funds' best sellers. And, with three years of performance, it can be offered by a broader range of broker/dealers -- and the four star rating validates the Fund's performance to date," says Chris van Mierlo, chief marketing officer and senior vice president of sales for Pacific Life's Retirement Solutions Division.

For investors, there have been two important reasons for the PL Income Fund's appeal. The first is the Fund's focus on corporate debt. Funds anchored in corporate debt are well-positioned to compete with those focused on government or mortgage debt. Corporate debt is less sensitive to interest rates, and many corporations continue to strengthen their balance sheets, providing them additional resources to repay obligations.

The second source of the Fund's appeal is its flexible structure. The PL Income Fund's portfolio managers at Pacific Asset Management can adapt to changing interest-rate environments by utilizing a broad range of fixed-income investments. "As income has decreased from traditional sources, we feel it's essential to seek higher yield through a broader fixed-income strategy," says van Mierlo. "All of the Fund's managers are specialists in corporate debt with experience in a wide array of fixed-income opportunities."

In fact, opening up those opportunities to investors and enabling them to diversify using corporate debt is the driving philosophy behind Pacific Life Funds' entire fixed-income fund lineup. Launched in 2010, the lineup now includes six funds, all managed by the fixed-income specialists at Pacific Asset Management. In addition to the PL Income Fund, offerings include the PL Short Duration Income Fund, PL Strategic Income Fund, PL Floating Rate Income Fund, PL Limited Duration High Income Fund, and PL High Income Fund. Each Fund is constructed using a combination of investment-grade corporate bonds, high-yield corporate bonds, floating-rate loans, and short-term debt securities. Together, they provide investors with a broad spectrum of income opportunities, enabling each client to select solutions best suited to their own needs and risk-reward preferences.

The Funds also offer management from a firm with two advantages that are rarely found in the same entity: speed and size. Because Pacific Asset Management is organized like a boutique firm, it enables portfolio managers to act quickly on investment ideas. At the same time, the firm provides managers with the support and infrastructure of a large and well-known financial services leader, Pacific Life.

Financial advisors are invited to learn more about the PL Income Fund, as well as the entire family of Pacific Life Funds, by visiting www.PLFunds.com or by calling (800) 722-2333, option 2.

About Pacific Life

Offering insurance since 1868, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life counts more than half of the 100 largest U.S. companies as its clients. For additional company information, including current financial strength ratings, visit Pacific Life online at www.PacificLife.com.

Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of May 2013 is compiled by Pacific Life using the 2013 FORTUNE 500® list.

There is no guarantee that the Fund's investment strategies will achieve the Fund's investment goal. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so, when redeemed, may be worth more or less than the original cost. For the most recent calendar quarter performance, please call (800) 722-2333 (select option 2).

Class A shares have a maximum 4.25% sales charge. The load-waived rating should only be considered by investors who are not subject to a sales load.

High-yield bonds have greater credit risk and often greater volatility than higher-quality bonds. Floating-rate loans involve greater risk of default on interest and principal payments or price changes due to changes in credit quality of the issuer. The value of floating-rate loans can be more volatile than other types of holdings due to increased sensitivity to issuer, political, regulatory, market, or economic developments. Debt securities are affected by many factors, including prevailing interest rates, market conditions, and market liquidity. An issuer or guarantor of a debt instrument might be unable or unwilling to meet its financial obligations, including payments due. Debt securities are affected by changes in interest rates, with longer durations or fixed interest rates being more sensitive to changes in interest rates, making them generally more volatile than debt securities with shorter durations or floating or adjustable interest rates.

You should carefully consider an investment's goals, risks, charges, strategies, and expenses. This and other information about Pacific Life Funds are in the prospectus available from your financial advisor or by calling (800) 722-2333, option 2. Read the prospectus carefully before investing.

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

Mutual funds are offered by Pacific Life Funds. Pacific Life Funds are distributed by Pacific Select Distributors, Inc. (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company (Newport Beach, CA), and are available through licensed third-party broker/dealers.

Overall Morningstar Rating

Overall Morningstar Rating is for the three-year period ending 12/31/13 out of 127 Corporate Bonds funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings.

Morningstar rates investments from one to five stars based on how well they've performed (after adjusting for risk and accounting for applicable sales charges) in comparison to similar investments. Within each Morningstar Category, the top 10% of investments receive five stars, the next 22.5% four stars, the middle 35% three stars, the next 22.5% two stars, and the bottom 10% receive one star. Investments are rated for up to three time periods (three, five, and 10 years), and these ratings are combined to produce the overall rating. The star ratings are recalculated monthly. Investments with less than three years of history are not rated. Ratings are objective, based entirely on a mathematical evaluation of past performance. They're a useful tool for identifying investments worthyof further research, but shouldn't be considered buy or sell recommendations.

Documents and/or Photos available for this release:

"This is particularly exciting because the PL Income Fund is already one of Pacific Life Funds' best sellers," says Chris van Mierlo, chief marketing officer and senior vice president of sales for Pacific Life's Retirement Solutions Division.

To view supporting documents and/or photos, go to www.enr-corp.com/pressroom and enter Release ID: 366396

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
SYS-CON Events announced today that Addteq will exhibit at SYS-CON's DevOps Summit at Cloud Expo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Addteq specializes in creating innovative solutions to solve business processes through the use of DevOps automation. Addteq was founded on the firm belief that automation is essential for successful software releases. Addteq's products and services are centered around the fundamental approach of understanding the pr...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
VeriStor Systems has announced that CRN has named VeriStor to its 2017 Managed Service Provider (MSP) 500 list in the Elite 150 category. This annual list recognizes North American solution providers with cutting-edge approaches to delivering managed services. Their offerings help companies navigate the complex and ever-changing landscape of IT, improve operational efficiencies, and maximize their return on IT investments. In today’s fast-paced business environments, MSPs play an important role...
Peak 10 has announced that it has completed a 20,000 square foot expansion of its Cincinnati-area data center, a 6,000 square foot expansion of its data center campus in Charlotte’s University Research Park, and added a pair of seasoned executives to its leadership team. This further propels the company on its aggressive growth trajectory to meet the rising demand for flexible hybrid IT strategies and solutions across its enterprise customer base. Cincinnati is home to companies like Kroger, Pr...
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
SYS-CON Events announced today that Infranics will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Since 2000, Infranics has developed SysMaster Suite, which is required for the stable and efficient management of ICT infrastructure. The ICT management solution developed and provided by Infranics continues to add intelligence to the ICT infrastructure through the IMC (Infra Management Cycle) based on mathemat...
Virtualization over the past years has become a key strategy for IT to acquire multi-tenancy, increase utilization, develop elasticity and improve security. And virtual machines (VMs) are quickly becoming a main vehicle for developing and deploying applications. The introduction of containers seems to be bringing another and perhaps overlapped solution for achieving the same above-mentioned benefits. Are a container and a virtual machine fundamentally the same or different? And how? Is one techn...
"I think that everyone recognizes that for IoT to really realize its full potential and value that it is about creating ecosystems and marketplaces and that no single vendor is able to support what is required," explained Esmeralda Swartz, VP, Marketing Enterprise and Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Have you ever noticed how some IT people seem to lead successful, rewarding, and satisfying lives and careers, while others struggle? IT author and speaker Don Crawley uncovered the five principles that successful IT people use to build satisfying lives and careers and he shares them in this fast-paced, thought-provoking webinar. You'll learn the importance of striking a balance with technical skills and people skills, challenge your pre-existing ideas about IT customer service, and gain new in...
What if you could build a web application that could support true web-scale traffic without having to ever provision or manage a single server? Sounds magical, and it is! In his session at 20th Cloud Expo, Chris Munns, Senior Developer Advocate for Serverless Applications at Amazon Web Services, will show how to build a serverless website that scales automatically using services like AWS Lambda, Amazon API Gateway, and Amazon S3. We will review several frameworks that can help you build serverle...