Portfolios & Managers
 Fred Alger Management, Inc.
 AllianceBernstein L.P.
 Analytic Investors, LLC
 Batterymarch Investment Management, Inc.
 BlackRock
 Capital Research and Management Company
 ClearBridge Advisors, LLC
 Columbia Management Advisors, LLC
 Eaton Vance Investment Managers
 Fidelity® Management & Research Company
 Franklin Advisers, Inc.
 GE Asset Management Inc.
 Goldman Sachs Asset Management L.P.
 Invesco, Ltd.
 Janus Capital Management LLC
 Jennison Associates LLC
 J.P. Morgan Investment Management Inc.
 Lazard Asset Management LLC
 Lord Abbett & Co. LLC
 MFS Investment Management®
Morgan Stanley Investment Management
 NFJ Investment Group, LLC
 OppenheimerFunds, Inc.
 Pacific Asset Management
 Pacific Investment Management Company LLC (PIMCO)
 Pacific Life Fund Advisors
 Royce & Associates, LLC
 T. Rowe Price Associates, Inc.
 UBS Global Asset Management (Americas) Inc
 Van Eck Associates Corporation
 Western Asset Management Company


Morgan Stanley Investment Management

This general information pertains to the manager responsible for the day-to-day management of the portfolio(s) available through Pacific Life's variable products and the information presented may not relate specifically to the available portfolio(s). The information is provided by and used with the permission of this manager. 




The dynamics of investing have changed dramatically in the last few years. To succeed in this increasingly complex environment, investors need new, innovative ways to capitalize on the markets’ transformation.

As the asset management division of one of the world’s premier financial services firms, Morgan Stanley Investment Management (MSIM) is dedicated to providing innovative investment and risk management solutions to investors worldwide. With more than three decades of experience, MSIM offers strategies that span the risk/return spectrum across geographies, investment styles and asset classes, including equities, fixed income, asset allocation and alternatives. Their global presence, though leadership, and breadth of products and services enable them to design solutions for clients that are both flexible and tailored to meet the ever-evolving challenges of today’s financial markets.

Attributes

  • A diverse community of investment boutiques: MSIM comprises a community of specialized investment teams, each with a unique talent pool of experienced professionals backed by the broad reach, access and resources of Morgan Stanley. This dynamic process produces a wealth of knowledge and perspectives, and fosters a creative environment for the generation of ideas and the selection of investment opportunities. While separately managed, all boutiques share MSIM’s core values of fiduciary responsibility and commitment to investment excellence.
  • Global investment solutions for clients worldwide: The extensive range of MSIM’s services and products reflects their continuous effort to provide solutions that meet the needs of investors around the world. The longevity of many client relationships testifies to their commitment to superior investment service throughout their history.
  • A global leader: MSIM managed and supervised $283 billion in assets as of December 31, 2009. MSIM is part of Morgan Stanley, a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The firm’s employees serve clients from more than 1200 offices in 37 countries.

Portfolios Managed
   Pacific Select Fund

Data as of December 31, 2009

The Real Estate Portfolio’s concentration in real estate sector makes it subject to great risk and volatility than other portfolios that are more diversified and the value of its shares may be substantially affected by economic events in the real estate industry.

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.

You should carefully consider a variable life insurance product’s risks, charges, limitations and expenses, as well as the risks, charges, expenses and investment objectives of the underlying investment options. The accompanying product and underlying fund prospectuses contain this and other information about Pacific Life. Read them carefully before investing or sending money.

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 availability and features may vary by state. Each company is solely responsible for the financial obligations accruing under the products it issues, and its product and rider guarantees are backed by that company’s financial strength and claims-paying ability.

Pacific Select Fund portfolios are available only through Pacific Life's variable insurance products.

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