Portfolios & Managers

Portfolio Management for the Discerning Investor
In addition to the flexibility of setting up your own premium payment schedule and choosing the death benefit that is best for you and your family,¹ a variable universal life insurance policy also allows you to allocate your net premium payments among a choice of investment options. A Pacific Life & Annuity variable universal life insurance policy can give you access to a wide variety of premier portfolio managers.

¹ Information about death benefit options, premium payment schedules, policy fees, charges, and limitations are listed in a product prospectus.

This material may only be used in connection with the solicitation of Pacific Life & Annuity Company products in those states where the product solicited has been approved. Product features and availability vary by state.

†Although some portfolios may have names or investment objectives that resemble retail mutual funds managed by the portfolio manager, these portfolios will not have the same underlying holdings or performance as the retail mutual funds.

*Analytic Investors is a co-portfolio manager (along with JP Morgan) of the Long/Short Large-Cap Portfolio.
**The American Funds Growth-Income and American Funds Growth Portfolios of Pacific Select Fund invest their assets in American Funds Insurance Series Master Growth-Income Fund and Master Growth Fund, respectively ("Master Funds"). Capital Research and Management Company is the manager of the Master Funds. American Funds is a registered trademark of American Funds Distributors, Inc.
*** Pacific Life Fund Advisors LLC (PLFA), a subsidiary of Pacific Life Insurance Company and an affiliate of Pacific Life & Annuity Company, is the investment adviser to Pacific Select Fund. PLFA also does business under the name "Pacific Asset Management" (PAM) and manages the Fund's Money Market and High Yield Bond Portfolios under the PAM name.

Disclosure

Variable insurance products issued by Pacific Life & Annuity Company and shares of Pacific Select Fund are distributed by Pacific Select Distributors, Inc. (member FINRA & SIPC), a subsidiary of Pacific Life & Annuity, and are available through licensed third party broker-dealers.Shares of BlackRock Variable Series Funds, Inc. are distributed by BlackRock Distributors, Inc. Shares of Fidelity® Variable Insurance Products Funds are distributed by Fidelity Distributors Corporation. Shares of Janus Aspen Series are distributed by Janus Distributors LLC. Shares of Lazard Retirement Series, Inc. are distributed by Lazard Asset Management Securities LLC. Shares of Legg Mason Partners Variable Portfolios are distributed by Legg Mason Investor Services, LLC. Shares of MFS Variable Insurance Trust are distributed by MFS Fund Distributors, Inc. Shares of Premier VIT are distributed by Allianz Global Investors Distributors LLC. Shares of T. Rowe Price Equity Series, Inc. are distributed by T. Rowe Price Investment Services, Inc. Shares of Van Eck Worldwide Insurance Trust are distributed by Van Eck Securities Corporation.

BlackRock Variable Series Funds, Fidelity Variable Insurance Products Fund, Janus Aspen Series, Lazard Retirement Series, Inc., Legg Mason Partners Variable Portfolio, MFS Variable Insurance Trust, Premier VIT, T. Rowe Price Equity Series, and Van Eck Worldwide Insurance Trust are not affiliated with Pacific Life & Annuity or Pacific Select Distributors, Inc.

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