What's Next for Investment Grade Corporate Debt?

Pacific Asset Management, July 2020

https://www.youtube.com/embed/_wei0BZ8ndE?rel=0&showinfo=0

TD Ameritrade Network interviews Dominic Nolan about the pandemic’s impacts on investment-grade corporate bonds. Nolan is senior managing director of Pacific Asset Management, sub-advisor to Pacific Funds’ fixed-income funds.

 

 

 

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Past performance does not guarantee future results. For performance data current to the most recent month-end, call Pacific Funds at (800) 722-2333, or go to www.PacificFunds.com/Performance.  

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.

Pacific Life Fund Advisors LLC (PLFA), a wholly owned subsidiary of Pacific Life Insurance Company, is the investment adviser to the Pacific Funds. PLFA also does business under the name Pacific Asset Management and manages certain funds under that name.

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.  

You 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 or www.PacificFunds.com. The prospectus and/or summary prospectus should be read carefully before investing.

Morningstar Category™ is a registered trademark of Morningstar, Inc. Morningstar, Inc. is unaffiliated with Pacific Life Insurance Company, Pacific Funds and their affiliates.

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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.

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No bank guarantee • May lose value • Not FDIC insured