pacific select fund portfolio optimization conservative ... · the portfolio is an asset allocation...

%

PSF Short Duration Bond Cl P (T. Rowe Price) 14.51%

PSF Managed Bond Cl P (PIMCO) 18.08%

PSF Diversified Bond Cl P (Western Asset) 27.67%

PSF Core Income Cl P (Pacific Asset Management) 3.83%

PSF Inflation Strategy Cl P (Barings) 0.72%

PSF Inflation Managed Cl P (PIMCO) 2.17%

PSF Floating Rate Income Cl P (Pacific Asset Management) 1.55%

PSF High Yield Bond Cl P (Pacific Asset Management) 6.19%

PSF Emerging Markets Debt Cl P (Ashmore) 5.47%

PSF Currency Strategies Cl P (Neuberger Berman/UBS) 1.97%

%

PSF Comstock Cl P (Invesco) 0.85%

PSF Value Advantage Cl P (JPMorgan) 1.59%

PSF Large-Cap Value Cl P (ClearBridge) 1.94%

PSF Main Street® Core Cl P (Invesco) 0.84%

PSF Equity Index Cl P (BlackRock®) 1.11%

PSF Dividend Growth Cl P (T. Rowe Price) 1.96%

PSF Large-Cap Growth Cl P (BlackRock®) 1.42%

PSF Growth Cl P (MFS®) 1.87%

Howard T. Hirakawa PSF Mid-Cap Value Cl P (Boston Partners) 1.30%

Carleton J. Muench PSF Mid-Cap Equity Cl P (Scout) 0.62%

Max Gokham PSF Mid-Cap Growth Cl P (Ivy) 0.73%

Samuel S. Park PSF International Equity Income Cl P (Cadence) 0.47%

PSF International Value Cl P (Wellington) 0.73%

PSF International Large-Cap Cl P (MFS®) 0.88%

PSF Emerging Markets Cl P (Invesco) 1.51%

%

Debt 82.17%

Equity 17.83%

%

Debt 80.00%

Equity 20.00%

Conservative

Less Risk More Risk

Risk Spectrum

Investment Summary

Pacific Select Fund

Portfolio Optimization Conservative PortfolioQuarterly Profile - As of 3/31/2020

Equity Holdings as of 3/31/2020*

Variable universal life (VUL) insurance allows policyowners to

structure their policy death benefit and premium payments based

on their insurance needs and financial objectives.

Pacific Life’s VUL insurance products offer policyowners the ability

to invest in a wide number of different investment options, which

includes the Portfolio Optimization Conservative Portfolio.

The Portfolio is an asset allocation fund-of-funds investment option

that aims to provide diversification across major asset classes by

investing in certain underlying funds of Pacific Select Fund.

Pacific Life Fund Advisors LLC (PLFA), a subsidiary of Pacific Life

Insurance Company, is the investment adviser and responsible for

determining the asset allocation mix for the Portfolio. PLFA

manages the Portfolio through a multi-step process that includes:

(1) asset allocation, (2) portfolio construction, (3) manager

oversight, and (4) investment risk management. PLFA may modify

asset class exposures and the underlying funds from time to time.

Debt Holdings as of 3/31/2020*

Current Asset Class - Allocations as of 3/31/2020*

As a fund-of-funds, the Portfolio is exposed to the same risks as the

underlying funds in which it invests in direct proportion to its

allocations to those underlying funds, along with other risks.

An asset allocation fund-of-funds that seeks current income and

preservation of capital using a target debt/equity blend of 80/20,

through investment in certain underlying funds of Pacific Select

Fund.

Investor ProfileClients who are looking for a relatively stable investment and

prefer to avoid short-term market swings.

Risk Characteristics Target Asset Class Allocation

Portfolio Managers

*Percentages shown are based on total fund assets and may not

be exact due to rounding.

Manager Tenure

2009

2009

2015

2013

MKT12-101G 1 of 5

1Expense

Ratio 1 Yr 3YR 5YR 10YR

Since

Inception

Inception

Date

0.97 -1.01 1.79 2.37 -- 3.29 5/2/11

0.77 -- -- -- -- -5.79 10/31/19

1Total Annual operating expense after fee waiver

ABOUT RISKS

Every variable investment option has some degree of risk depending

on its investments and strategies. While all variable investment

options are subject to market risk, some investment options may be

subject to greater volatility than others. The variable investment

options are not FDIC insured or guaranteed. The risks disclosed

below are intended only to illustrate certain principal risks of the

variable investment options and are not intended to be complete or

exhaustive. Before investing you should carefully read the applicable

fund prospectuses.

Active Management There is a risk that the advisor's investment

decisions fail to perform as expected, which may cause the fund to

lose value or underperform funds with similar objectives and

strategies or the market in general.

Asset Allocation Fund of Funds As a fund-of-funds, the fund typically

is exposed to the same risks as the underlying funds in which it

invests in direct to the allocation of assets among those underlying

funds. There is a risk that you could achieve better returns by

investing in an individual fund or funds representing a single asset

class or investment style rather than investing in the fund.

Bank Loans Investments in bank loans, also known as senior loans or

floating-rate loans, are rated below-investment grade and may be

subject to a greater risk of default than are investment-grade loans,

reducing the potential for income and potentially leading to impairment

of the collateral provided by the borrower.

Conflict of interest A conflict of interest may arise if the advisor makes

an investment in certain underlying funds based on the fact that those

funds are also managed by the advisor or an affiliate or because certain

underlying funds may pay higher fees to the advisor than others do. In

addition, an advisor's participation in the primary or secondary market

for loans may be deemed a conflict of interest and limit the ability of the

investment to acquire those assets.

Convertible Securities Investments in convertible securities may be

subject to increased interest rate risks, rising in value as interest rates

decline and falling in value when interest rates rise.

Correlation A Fund that represents an alternative or nontraditional

investment strategy is generally expected to have low to moderate

correlation with the performance of traditional equity and debt

investments over long-term periods; however, its actual performance

may be correlated with traditional equity and debt investments over

short- or long-term periods.

Current Allocation Target Allocation

The fund performance in this report includes only fund level fees and expenses, reinvestment of dividends, and distributions. Performance does not

include any policy charges. Policy charges are deducted monthly. The policy charges may include, but are not limited to, Cost of Insurance charges,

administrative charges, mortality and expense risk charges, coverage charges, and any rider charges. Additionally, a premium load is deducted from

each premium payment. Policy performance would be significantly lower after all policy fees and expenses are deducted and policy cash values

could be less than total premiums paid. You are encouraged to ask your life insurance producer for a personalized illustration since policy charges

can vary by product. The illustration includes an analysis of charges report, to help you understand how the policy charges affect your policy cash

values. See the applicable product prospectus and underlying fund prospectuses for more information.

Variable universal life insurance generally requires additional premium payments after the initial premium. If either no premiums are paid, or

subsequent premiums are insufficient to continue coverage, it is possible that coverage will expire.

Life insurance is subject to underwriting and approval of the application and will incur monthly policy charges.

Pacific Select Fund


YTD

-7.14

-7.09

Performance - As of 3/31/2020

PSF Portfolio Optimization Conservative Portfolio

Cl IPSF Portfolio Optimization Conservative Portfolio

Cl P

Debt80.00

%Equity20.00%

Debt82.17

%

Equity17.83

%

2 of 5

Pacific Select Fund


ABOUT RISKS

Credit The issuer or guarantor of a fixed- income security,

counterparty to an OTC derivatives contract, or other borrower may

not be able to make timely principal, interest, or settlement

payments on an obligation. In this event, the issuer of a fixed-income

security may have its credit rating downgraded or defaulted, which

may reduce the potential for income and value of the portfolio.

Currency Investments in securities traded in foreign currencies or

more directly in foreign currencies are subject to the risk that the

foreign currency will decline in value relative to the U.S. dollar, which

may reduce the value of the portfolio.

Debt Securities Debt securities are subject to many risks, including

interest rate risk and credit risk, which may affect their value.

Derivatives The use of forwards and future contracts, options and

swaps agreements (each a type of derivative instrument) as a

principal investment strategy subjects an investor to a number of

risks, including: counterparty risk, leverage risk, price volatility risk,

regulatory risk, liquidity and valuation risk, correlation risk, premium

risk and segregation risk. Derivatives may be riskier than other types

of investments and may increase an investment's volatility and risk of

loss.

Emerging Markets Investments in emerging- and frontier- markets

securities may be subject to greater market, credit, currency,

liquidity, legal, political, and other risks compared with assets

invested in developed foreign countries.

Equity Securities The value of equity securities, which include

common, preferred, and convertible preferred stocks, will fluctuate

based on changes in their issuers' financial conditions, as well as

overall market and economic conditions, and can decline in the event

of deteriorating issuer, market, or economic conditions.

Floating Rate Loans Floating rate loans (or bank loans) are usually

rated below investment grade. The market for floating rate loans may

be subject to irregular trading activity, wide bid/ask spreads and

delayed settlement periods.

Foreign Markets Exposure to foreign markets can involve additional

risks relating to market, economic, political, regulatory, geopolitical,

or other conditions. These factors can make foreign investments

more volatile and less liquid than U.S. investments.

Geographic Focus Focusing investments in a single country, limited

number of countries, or particular geographic region increases the

risk that economic, political, social, or other conditions in those

countries or that region will have a significant impact on

performance.

Growth Companies Growth securities may be subject to increased

volatility as the value of these securities is highly sensitive to market

fluctuations and future earnings expectations. These securities

typically trade at higher multiples of current earnings than do other

securities and may lose value if it appears their earnings expectations

may not be met.

High-Yield/High Risk or “Junk” Securities Investments in below-

investment- grade debt securities and unrated securities of similar credit

quality, commonly known as "junk bonds" or "high-yield securities," may

be subject to increased interest, credit, and liquidity risks.

Industry and Sector Investing Concentrating assets in a particular

industry, sector of the economy, or markets may increase volatility

because the investment will be more susceptible to the impact of

market, economic, regulatory, and other factors affecting that industry or

sector compared with a more broadly diversified asset allocation.

Inflation-Indexed Debt Securities The principal values of inflation-

indexed debt securities tend to increase when inflation rises and

decrease when inflation falls.

Interest Rate The value of bonds, fixed rate loans and short- term money

market instruments may fall when interest rates rise. Debt instruments

with longer durations tend to be more sensitive to changes in interest

rates, making them more volatile than debt instruments with shorter

durations or floating or adjustable interest rates.

Large Capitalization Companies Concentrating assets in large-

capitalization stocks may subject the portfolio to the risk that those

stocks underperform other capitalizations or the market as a whole.

Leverage Leverage transactions may increase volatility and result in a

significant loss of value if a transaction fails. Because leverage usually

involves investment exposure that exceeds the initial investment, the

resulting gain or loss from a relatively small change in an underlying

indicator will be disproportionately magnified.

Mid-Capitalization Companies Mid-cap companies may be subject to

increased liquidity risk compared with large-cap companies and may

experience greater price volatility than do those securities because of

more-limited product lines or financial resources, among other factors.

Money Market Fund Money market funds are subject to the risk that

they may not be able to maintain a stable net asset value of $1.00 per

share. Investments in money market funds are not a deposit in a bank

and are not guaranteed by the FDIC, any other governmental agency, or

the advisor itself.

Mortgage-Related and Other Asset-Backed Securities Risk Mortgage-

related and other asset-backed securities are subject to certain risks

affecting the housing market or the market for the assets underlying

such securities.

Nondiversification A nondiversified investment, as defined under the

Investment Act of 1940, may have an increased potential for loss

because its portfolio includes a relatively small number of investments.

Passive Management A passively managed (or index) fund attempts to

track the performance of an unmanaged index of securities, which could

cause a fund's return to be lower than if the fund were actively managed.

3 of 5

ABOUT RISKS

Restricted/Illiquid Securities may fall in price because of an inability

to sell the securities when desired. Investing in restricted securities

may subject the portfolio to higher costs and liquidity risk.

Short Sale Selling securities short may be subject to the risk that an

advisor does not correctly predict the movement of the security,

resulting in a loss if a security must be purchased on the market

above its initial borrowing price to return to the lender.

Small-Capitalization Companies Concentrating assets in small-


stocks underperform other capitalizations or the market as a whole

and may be subject to increased liquidity risk compared with larger,

more established companies.

Socially responsive funds could underperform similar funds that do

not have a social policy. Among the reasons for this are: undervalued

stocks that do not meet the social criteria could outperform those

that do, economic or political changes could make certain companies

less attractive for investment, and the social policy could cause the

Fund to sell or avoid stocks that subsequently perform well.

Tracking error Performance of an investment may vary, sometimes,

substantially, from the performance of its benchmark index due to

imperfect correlation between an investment and the index.

Underlying Funds Because the Fund may serve as an underlying fund

of one or more "fund of funds" and thus have a significant

percentage of its outstanding shares held by such fund of funds, a

change in asset allocation by the fund of funds could result in large

redemptions out of the Fund, causing potential increases in expenses

to the Fund and sale of securities in a short timeframe, both of which

could negatively impact performance.

U.S. Government Securities Not all U.S. government securities are

backed or guaranteed by the U.S. government and different U.S.

government securities are subject to varying degrees of credit risk.

There is risk that the U.S. government will not make timely payments

on its debt or provide financial support to U.S. government agencies,

instrumentalities or sponsored enterprises if those entities are not

able to meet their financial obligations.

Value Companies Risk Value securities may be subject to the risk that

the determination that a stock is undervalued is not correct or

recognized in the market.

TOTAL ANNUAL OPERATING EXPENSES AFTER FEE WAIVER The annual

percentage of fund assets paid as a percentage of your investment for

the fund’s operating expenses, including management fees and

administrative expenses and distribution (12b-1) or service fees, as

applicable. These expenses are generally based on each portfolio’s

average daily net assets for the portfolio’s prior fiscal year. The

percentage shown reflects the net expenses of the fund. A net expense

reflects a deduction from total (gross) expenses. A fund-of-funds may

have higher fees and expenses than a fund that invests directly in equity

and fixed-income securities. Please see the fund prospectus for more

detailed information about a fund’s annual operating expenses.

Pacific Select Fund


4 of 5

Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding

insurance or investment products.

Pacific Life Insurance Company

Newport Beach, CA 92660

(800) 800-7681

www.PacificLife.com

Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company.

Product/Material availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues. Insurance products and their guarantees, including optional benefits and any crediting rates, are

backed by the financial strength and claims-paying ability of the issuing insurance company, but they do not protect the value of the variable investment options. Look to the strength of the life insurance company with regard to such guarantees as these guara ntees are

not backed by the broker-dealer, insurance agency, or their affiliates from which products are purchased. Neither these entities nor their representatives make any representation or assurance regarding the claims-paying ability of the life insurance company. Variableinsurance products and shares of Pacific Select Fund are distributed by Pacific Select Distributors, LLC (member FINRA & SIPC), a

subsidiary of Pacific Life Insurance Company, and an affiliate of Pacific Life & Annuity Company, and are available through licensed third-party broker-dealers.

There may be multiple share classes available for each fund listed, and not all funds that appear in this flyer are available in all VUL insurance products. Please refer to a VUL insurance product prospectus for the applicable funds and share classes .

This material must be preceded or accompanied by the variable life insurance product prospectus. Contact your life insurance producer or visit www.PacificLife.com for more information, including product and underlying fund prospectuses that contain more complete

information about Pacific Life and a variable life insurance policy’s risks, charges, limitations, and expenses, as well as the risks, charges, expenses and investment goals/objectives of the underlying investment options. Read them carefully before investing or sendin g money.

BlackRock is a registered trademark of BlackRock, Inc. or its subsidiaries in the United States and elsewhere. All other trademarks are those of their respective owners.

MFS is a registered trademark of Massachusetts Financial Services Company. Main Street is a registered trademark of Invesco Holding Company (US) Inc., or an affiliated company.

The Russell 2000® Index and Russell 2000® Value Index (together, the “Indexes”) are calculated by Russell or its agent, are trademarks of Frank Russell Company (“Russell”), and have been licensed for use by Pacific Select Fund (“PSF”). Neither Russell nor the London Stock

Exchange Group companies (together the “Licensor Parties”) sponsor, endorse, sell or promote any portfolios of PSF, the content of this communication, or make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to (i) the results to be obtained from the use of the Indexes, or (ii) the suitability of the Indexes for the purpose to which they are being put. The Licensor Parties do not and will not provide any financial or investment advice or recommendation in relation to the Index to Pacific Select Fund

or its clients. The Licensor Parties do not accept any liability to any person for any errors or omissions in the Russell Ind exes and are under no obligation to advise any person of any error therein.

Pacific Life & Annuity Company


(888) 595-6996

www.PacificLife.com

MKT12-104G 15-40725-32 4/20 E1222MKT12-101G 15-40722-33 4/20 E1222

15-40721-33 4/20 E12225 of 5

%











%












Samuel S. Park PSF Small-Cap Value Cl P (AllianceBernstein) 0.26%

PSF Small-Cap Equity Cl P (BlackRock®/Franklin) 0.00%

PSF Small-Cap Index Cl P (BlackRock®) 0.52%

PSF Developing Growth Cl P (Lord Abbett) 0.26%

PSF International Equity Income Cl P (Cadence) 1.46%



PSF International Small-Cap Cl P (QS Batterymarch) 0.53%


PSF Real Estate Cl P (Principal REI) 0.54%

%

Debt 63.83%

Equity 36.17%

Moderate Conservative %

Debt 60.00%

Equity 40.00%

Less Risk More Risk

Pacific Select Fund

Portfolio Optimization Moderate-Conservative PortfolioQuarterly Profile - As of 3/31/2020







includes the Portfolio Optimization Moderate-Conservative

Portfolio.












Risk Characteristics

Investment Summary



Underlying Funds in which it invests in direct proportion to its


An asset allocation fund-of-funds that seeks current income and

moderate growth of capital using a target debt/equity blend of

60/40, through investment in certain underlying funds of Pacific

Select Fund.

Clients with a focus on keeping pace with inflation and a tolerance

for a modest level of risk.

Investor Profile

Portfolio Managers Manager Tenure



Target Asset Class Allocation

2009

2009

2015

2013

Risk Spectrum

MKT12-104G 1 of 5

1Expense


Since

Inception

Inception

Date

0.99 -3.98 1.44 2.42 -- 3.80 5/2/11

0.79 -- -- -- -- -8.79 10/31/19


ABOUT RISKS









fund prospectuses.











































Pacific Select Fund


YTD

-11.05

-11.01


PSF Portfolio Optimization Moderate-

Conservative Portfolio Cl IPSF Portfolio Optimization Moderate-

Conservative Portfolio Cl P

Debt60.00

%Equity40.00%

Debt63.83

%Equity36.17

%

2 of 5

Pacific Select Fund


ABOUT RISKS




















loss.






















performance.






may not be met.


































the advisor itself.




such securities.







3 of 5

ABOUT RISKS


















































Pacific Select Fund


4 of 5





(800) 800-7681

www.PacificLife.com
















(888) 595-6996

www.PacificLife.com

5 of 5

15-40725-32 4/20 E1222MKT12-104G

%











%












Samuel S. Park PSF Small-Cap Value Cl P (AllianceBernstein) 0.37%

PSF Small-Cap Equity Cl P (BlackRock®/Franklin) 0.37%









%

Debt 48.57%

Equity 51.43%

Moderate %

Debt 45.00%

Equity 55.00%

Less Risk More Risk

Pacific Select Fund

Portfolio Optimization Moderate PortfolioQuarterly Profile - As of 3/31/2020







includes the Portfolio Optimization Moderate Portfolio.











Risk Spectrum

Investment Summary





Investor Profile


An asset allocation fund-of-funds that seeks long-term growth of

capital and low to moderate income using a target equity/debt

blend of 55/45,through investment in certain underlying funds of

Pacific Select Fund.

Portfolio Managers

Clients who want the opportunity for moderate long-term growth

and can tolerate a moderate level of risk.





Manager Tenure

2009

2009

2015

2013

MKT12-103G 1 of 5

1Expense


Since

Inception

Inception

Date

0.98 -5.36 1.42 2.76 -- 4.36 5/2/11

0.78 -- -- -- -- -10.51 10/31/19


ABOUT RISKS









fund prospectuses.











































Pacific Select Fund


YTD

-13.39

-13.35


PSF Portfolio Optimization Moderate Portfolio Cl

IPSF Portfolio Optimization Moderate Portfolio Cl

P

Debt45.00

%

Equity55.00%

Debt48.57

%

Equity51.43

%

2 of 5

Pacific Select Fund


ABOUT RISKS




















loss.






















performance.






may not be met.


































the advisor itself.




such securities.







3 of 5

ABOUT RISKS


















































Pacific Select Fund


4 of 5





(800) 800-7681

www.PacificLife.com
















(888) 595-6996

www.PacificLife.com

MKT12-101G 15-40722-33 4/20 E1222

5 of 5

15-40724-32 4/20 E1222MKT12-103G

%










%









PSF Mid-Cap Value Cl P (Boston Partners) 3.72%

Howard T. Hirakawa PSF Mid-Cap Equity Cl P (Scout) 1.94%

Carleton J. Muench PSF Mid-Cap Growth Cl P (Ivy) 2.64%

Max Gokham PSF Small-Cap Value Cl P (AllianceBernstein) 0.52%

Samuel S. Park PSF Small-Cap Equity Cl P (BlackRock®/Franklin) 0.57%









%

Debt 30.73%

Equity 69.27%

%

Debt 25.00%

Moderately Aggressive Equity 75.00%

Less Risk More Risk



Pacific Select Fund

Portfolio Optimization Growth PortfolioQuarterly Profile - As of 3/31/2020






includes the Portfolio Optimization Growth Portfolio.












2009

2009

2015

2013






Risk Spectrum

Investment Summary




An asset allocation fund-of-funds that seeks moderately high, long-

term capital appreciation with low, current income, using a target

equity/debt blend of 75/25, through investment in certain

underlying funds of Pacific Select Fund.

Clients who want an investment that is geared for growth and are

willing to accept above average risk.

Investor Profile

MKT12-102G 1 of 5

1Expense


Since

Inception

Inception

Date

0.98 -8.36 0.93 2.70 -- 4.67 5/2/11

0.78 -- -- -- -- -13.51 10/31/19


ABOUT RISKS









fund prospectuses.











































Pacific Select Fund


YTD

-17.13

-17.09


PSF Portfolio Optimization Growth Portfolio Cl I

PSF Portfolio Optimization Growth Portfolio Cl P

Debt25.00

%Equity75.00%

Debt30.73

%

Equity69.27

%

2 of 5

Pacific Select Fund


ABOUT RISKS




















loss.






















performance.






may not be met.


































the advisor itself.




such securities.







3 of 5

ABOUT RISKS


















































Pacific Select Fund


4 of 5





(800) 800-7681

www.PacificLife.com
















(888) 595-6996

www.PacificLife.com

MKT12-101G 15-40722-33 4/20 E1222

5 of 5

15-40723-32 4/20 E1222MKT12-102G

%









%









PSF Mid-Cap Value Cl P (Boston Partners) 4.89%

PSF Mid-Cap Equity Cl P (Scout) 2.63%

Howard T. Hirakawa PSF Mid-Cap Growth Cl P (Ivy) 3.80%

Carleton J. Muench PSF Small-Cap Value Cl P (AllianceBernstein) 0.72%

Max Gokham PSF Small-Cap Equity Cl P (BlackRock®/Franklin) 0.77%

Samuel S. Park PSF Small-Cap Index Cl P (BlackRock®) 1.13%








%

Debt 17.15%

Equity 82.85%

%

Debt 10.00%

Aggressive Equity 90.00%

Less Risk More Risk





Risk Spectrum

Investor ProfileClients who are aggressive investors and can tolerate short-term

market swings.

Risk CharacteristicsAs a fund-of-funds, the Portfolio is exposed to the same risks as the








includes the Portfolio Optimization Aggressive-Growth Portfolio.











Pacific Select Fund

Portfolio Optimization Aggressive-Growth PortfolioQuarterly Profile - As of 3/31/2020

Investment SummaryAn asset allocation fund-of-funds that seeks high, long-term capital

appreciation using a target equity/debt blend of 90/10 through

investment in certain underlying funds of Pacific Select Fund.




2009

2009

2015

2013

MKT12-100G 1 of 5

1Expense


Since

Inception

Inception

Date

0.99 -11.88 0.04 2.19 -- 4.50 5/2/11

0.79 -- -- -- -- -16.78 10/31/19


ABOUT RISKS









fund prospectuses.











































Pacific Select Fund


YTD

-20.81

-20.77


PSF Portfolio Optimization Aggressive-Growth

Portfolio Cl IPSF Portfolio Optimization Aggressive-Growth

Portfolio Cl P

Debt10.00

% Equity90.00%

Debt17.15

%Equity82.85

%

2 of 5

Pacific Select Fund


ABOUT RISKS




















loss.






















performance.






may not be met.


































the advisor itself.




such securities.







3 of 5

ABOUT RISKS


















































Pacific Select Fund


4 of 5





(800) 800-7681

www.PacificLife.com
















(888) 595-6996

www.PacificLife.com

MKT12-101G 15-40722-33 4/20 E1222MKT12-102G 15-40723-32 4/20 E1222MKT12-100G 15-40721-33 4/20 E1222

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pacific select fund portfolio optimization conservative ... · the portfolio is an asset allocation...

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