Pacific Funds Cuts Fees on Its Lineup of Fixed-Income Funds

NEWPORT BEACH, Calif., Jan. 4 -- Pacific Life, an insurance company, issued the following news release:

In an effort to increase value to shareholders, Pacific Funds announces a reduction in net operating expenses for its fixed-income funds. The reductions are effective December 30, 2016.

"Expenses are never the sole reason for selecting a mutual fund, but they are an important consideration when comparing funds that have similar attributes. With these new reductions, we believe our funds are now an even more appealing option for meeting an investor's fixed-income needs in a variety of market conditions," says Chris van Mierlo, chief marketing officer and senior vice president of sales for Pacific Life Insurance Company's Retirement Solutions Division.

The six funds with expense reductions include Pacific Funds Short Duration Income, Pacific Funds Core Income, Pacific Funds Strategic Income, Pacific Funds Floating Rate Income, Pacific Funds Limited Duration High Income, and Pacific Funds High Income. All are managed by Pacific Asset Management and focus on corporate income opportunities.

More details about the fixed-income funds of Pacific Funds, and a list of all Pacific Funds offerings and their ticker symbols, can be found at www.PacificFunds.com. Financial advisors also can inquire about the funds by calling Pacific Funds directly at (800) 722-2333, option 2.

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