Pacific Life Funds has launched three new mutual funds to its line of options for investors seeking income. The new fixed-income funds are: the PL Short Duration Income Fund, the PL Strategic Income Fund, and the PL High Income Fund. Existing funds include the PL Income Fund and the PL Floating Rate Income Fund.
|Key characteristics of the new funds are:
|- PL Short Duration Income Fund—Designed for investors seeking current income with protection against sudden or large interest-rate changes. Short-term bonds provide income with less sensitivity to interest-rate movements.
- PL Strategic Income Fund—Designed to seek higher levels of income through non-investment-grade corporate debt and has the flexibility to adapt to changing market conditions.
- PL High Income Fund—Designed to produce high income through disciplined, active portfolio management focused primarily on high-yield corporate bonds.
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