Pacific FundsSM Floating Rate Income

Class AClass CAdvisor Class
TickerFund NumberTickerFund NumberTickerFund Number
PLFLX110PLBCX310PLFDX010

Pacific Funds Floating Rate Income is a mutual fund:

  • Designed for Income: Constructed to seek steady streams of higher income.
  • Built for Portfolio Diversification: Floating-rate loans may complement a traditional fixed-income portfolio.
  • Based on Experience: A portfolio management team that specializes in fixed-income asset management based on a foundation of corporate credit research.

 

Fund Snapshot

Pacific Funds Floating Rate Income invests primarily in floating-rate loans of non-investment-grade companies. These investments can serve as both an income driver and a hedge against rising interest rates.

Floating-rate loans, also known as senior bank loans, are variable-rate loans made by financial institutions to companies that are generally considered to have low credit quality. Borrowers enter into these loans to raise capital. In exchange for investing with these companies, holders typically receive higher levels of income.

 

Fund Literature


Investment Management

Sub-advised by Pacific Asset Management LLC

Portfolio Managers:

J.P. Leasure: Senior Managing Director; 24 years of investment experience

Michael Marzouk, CFA: Managing Director; 23 years of investment experience

Investment Adviser

Pacific Life Fund Advisors LLC

 

 

About Principal Risks

All investing involves risks including the possible loss of the principal amount invested. There is no guarantee the Fund will achieve its investment goal. Corporate bonds are subject to issuer risk in that their value may decline for reasons directly related to the issuer of the security. Not all U.S. government securities are checked or guaranteed by the U.S. government, and different government securities are subject to varying degrees of credit risk. Mortgage-related and other asset-backed securities are subject to certain rules affecting the housing market or the market for the assets underlying such securities. The Fund is subject to liquidity risk (the risk that an investment may be difficult to purchase, value, and sell particularly during adverse market conditions, because there is a limited market for the investment, or there are restrictions on resale) and credit risk (the risk an issuer may be unable or unwilling to meet its financial obligations, risking default). High-yield/high-risk bonds (“junk bonds”) and floating-rate loans (usually rated below investment grade) have greater risk of default than higher-rated securities/higher-quality bonds that may have a lower yield. The Fund is also subject to foreign-markets risk.

DOL - Pacific Funds

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.

Investors 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. The prospectus and/or summary prospectus should be read carefully before investing.

Pacific Funds and Pacific Asset Management are registered service marks of Pacific Life Insurance Company. Third-party trademarks and service marks are the property of their respective owners.

All share classes may not be available at all firms, and not all investors may be eligible for all share classes.

PSD2

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.

AM6

No bank guarantee • May lose value • Not FDIC insured