0001137761 plf2:S000001887Member plf2:C000004960Member 2011-07-02 2012-07-01 0001137761 plf2:S000001887Member plf2:C000004961Member 2011-07-02 2012-07-01 0001137761 plf2:S000001887Member plf2:C000004962Member 2011-07-02 2012-07-01 0001137761 plf2:S000001887Member plf2:C000004963Member 2011-07-02 2012-07-01 0001137761 plf2:S000001887Member 2011-07-02 2012-07-01 0001137761 plf2:S000001898Member plf2:C000004960Member 2011-07-02 2012-07-01 0001137761 plf2:S000001898Member plf2:C000004961Member 2011-07-02 2012-07-01 0001137761 plf2:S000001898Member plf2:C000004962Member 2011-07-02 2012-07-01 0001137761 plf2:S000001898Member plf2:C000004963Member 2011-07-02 2012-07-01 0001137761 plf2:S000001898Member 2011-07-02 2012-07-01 0001137761 plf2:S000001901Member plf2:C000004960Member 2011-07-02 2012-07-01 0001137761 plf2:S000001901Member plf2:C000004961Member 2011-07-02 2012-07-01 0001137761 plf2:S000001901Member plf2:C000004962Member 2011-07-02 2012-07-01 0001137761 plf2:S000001901Member plf2:C000004963Member 2011-07-02 2012-07-01 0001137761 plf2:S000001901Member 2011-07-02 2012-07-01 0001137761 2011-07-02 2012-07-01 0001137761 plf2:S000001902Member plf2:C000004960Member 2011-07-02 2012-07-01 0001137761 plf2:S000001902Member plf2:C000004961Member 2011-07-02 2012-07-01 0001137761 plf2:S000001902Member plf2:C000004962Member 2011-07-02 2012-07-01 0001137761 plf2:S000001902Member plf2:C000004963Member 2011-07-02 2012-07-01 0001137761 plf2:S000001903Member plf2:C000004960Member 2011-07-02 2012-07-01 0001137761 plf2:S000001903Member plf2:C000004961Member 2011-07-02 2012-07-01 0001137761 plf2:S000001903Member plf2:C000004963Member 2011-07-02 2012-07-01 0001137761 plf2:S000001903Member plf2:C000004962Member 2011-07-02 2012-07-01 0001137761 plf2:S000001903Member 2011-07-02 2012-07-01 0001137761 plf2:S000001902Member 2011-07-02 2012-07-01 0001137761 plf2:S000034881Member plf2:C000114646Member 2011-07-02 2012-07-01 0001137761 plf2:S000034881Member 2011-07-02 2012-07-01 0001137761 plf2:S000034882Member plf2:C000114646Member 2011-07-02 2012-07-01 0001137761 plf2:S000034882Member 2011-07-02 2012-07-01 0001137761 plf2:S000030505Member plf2:C000114646Member 2011-07-02 2012-07-01 0001137761 plf2:S000030505Member 2011-07-02 2012-07-01 0001137761 plf2:S000033079Member plf2:C000114646Member 2011-07-02 2012-07-01 0001137761 plf2:S000033079Member 2011-07-02 2012-07-01 0001137761 plf2:S000034880Member plf2:C000114646Member 2011-07-02 2012-07-01 0001137761 plf2:S000034880Member 2011-07-02 2012-07-01 pure iso4217:USD 0.002 0.002 0.002 0.002 0.0025 0.01 0.01 0.005 0.0028 0.0028 0.0028 0.0028 0.007 0.007 0.007 0.007 0.0143 0.0218 0.0218 0.0168 -0.0013 -0.0013 -0.0013 -0.0013 0.013 0.0205 0.0205 0.0155 675 708 308 158 953 1056 656 504 1265 1345 1145 888 2147 2302 2492 1965 675 208 208 158 953 656 656 504 1265 1145 888 1145 2147 2302 1965 2492 SUPPLEMENT DATED NOVEMBER 30, 2012 TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS A, B, C, I, R AND ADVISOR SHARES DATED JULY 1, 2012 This supplement revises the Pacific Life Funds Class A, B, C, I, R and Advisor Shares prospectus dated July 1, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of commencement of operations for the PL Currency Strategies Fund, PL Global Absolute Return Fund, and PL Precious Metals Fund (expected to be December 7, 2012), unless otherwise noted. Remember to review the Prospectus for other important information. Disclosure Changes to the Fund Summaries section PL Portfolio Optimization Conservative Fund, PL Portfolio Optimization Moderate-Conservative Fund, PL Portfolio Optimization Moderate Fund, PL Portfolio Optimization Moderate-Aggressive Fund and PL Portfolio Optimization Aggressive Fund (the "PL Portfolio Optimization Funds"): Each PL Portfolio Optimization Fund's Annual fund operating expenses table and expense Examples are replaced with the following:   PL Portfolio Optimization Conservative Fund Annual fund operating expenses1 (expenses that you pay each year as a percentage of the value of your investment) <div style="font-family: Arial, Helvetica; background-image: none; background-attachment: scroll; margin-left: 1%; font-size: 16pt; margin-right: 0%; background-position: 0% 0%; background-repeat: repeat repeat;" align="left">  <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="45%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="1%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top">Management Fee</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Distribution (12b-1) and/or Service Fees</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.25%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.00%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.00%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.50%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Other Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.28%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.28%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.28%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.28%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top">Acquired Funds Fees and Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.70%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.70%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.70%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.70%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Total Annual Fund Operating Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.43%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.18%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.18%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.68%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Expense Reimbursement2</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.13%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.13%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.13%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.13%)</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Total Annual Fund Operating Expenses after Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.30%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.05%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.05%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.55%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="10" align="left">1 </td> <td valign="top" align="left"> The expense information has been restated to reflect current fees. </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="10" align="left">2 </td> <td valign="top" align="left"> The investment adviser has contractually agreed to limit certain "fund operating expenses" incurred by the fund that exceed an annual rate of 0.15% through 6/30/2015, and 0.30% from 7/1/2015 through 6/30/2023. The agreement will terminate: (i) if the investment advisory agreement is terminated, or (ii) upon ninety days' prior written notice by the Pacific Life Funds. The investment adviser may recoup amounts reimbursed in future periods, not to exceed 3 years from the end of the fiscal year in which the reimbursement took place, provided that the recoupment would not cause the fund to exceed the expense cap. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="53%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="16"> Your expenses (in dollars) if you SELL your shares at the end of each period.</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">675</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">708</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">308</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">158</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">953</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,056</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">656</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">504</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,265</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,345</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,145</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">888</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,147</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,302</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,492</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,965</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="53%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="16">Your expenses (in dollars) if you DON'T SELL your shares at the end of each period.</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">675</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">208</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">208</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">158</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">953</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">656</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">656</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">504</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,265</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,145</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,145</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">888</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,147</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,302</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,492</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,965</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table></div><div style="position: relative; padding-bottom: 8px; WIDTH: 100%; padding-right: 9px; FLOAT: left; overflow: hidden; margin-right: 1%; padding-top: 3px">The second sentence of the second paragraph of each PL Portfolio Optimization Fund's Principal investment strategies subsection is replaced with the following: Within the broad asset classes of debt and equity, the fund diversifies its holdings by investing in Underlying Funds that represent a variety of investment styles and security types, including alternative or non-traditional investment strategies. Alternative or non-traditional investment strategies generally are expected to have low to moderate correlation to traditional equity and fixed income investments and, as a result, may offer diversification benefits. In the same subsection, the following is added as the fourth paragraph: The portion of the fund invested in alternative or non-traditional investment strategies may be allocated to Underlying Funds that, in turn, invest in equity or debt securities or other instruments, which may include, among others:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Forward foreign currency contracts; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Foreign currency options; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> High yield debt securities; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Swaps (such as interest rate, cross-currency, total return and credit default swaps); </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Futures on securities, indexes, currencies and other investments; and </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Precious metals-related equity securities. </td></tr></table> In the same subsection, the first sentence of the current fourth paragraph is replaced with the following: The fund may also, at any time invest in Underlying Funds that hold other debt or equity securities or other instruments.  The following is added to each PL Portfolio Optimization Fund's Principal risks from holdings in Underlying Funds subsection:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Correlation Risk: While the performance of an Underlying Fund that represents an alternative or non-traditional investment strategy is generally expected to have low to moderate correlation with the performance of traditional equity and fixed income investments over long-term periods, the actual performance of such Underlying Fund may be correlated with those traditional investments over short- or long-term periods. Should there be periods when such Underlying Fund's performance is correlated with those traditional investments, any intended diversification effect of including such alternative or non-traditional Underlying Fund as part of an asset allocation strategy may not be achieved, thereby resulting in increased volatility of an asset allocation strategy that includes the Underlying Fund. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Non-Diversification Risk: An Underlying Fund that is classified as non-diversified may invest a greater percentage of its assets in a single issuer or a fewer number of issuers than a diversified fund. This increases potential price volatility and the risk that its value could go down because of the poor performance of a single investment or a small number of investments. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Regulatory Impact Risk: Certain financial instruments are subject to extensive government regulation, which may change frequently and impact a fund significantly. </td></tr></table></div> <div>  <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Short Exposure Risk: When a fund takes a short position using derivative instruments in anticipation of a decline in the market price (i.e., spot price or spot rate) of the underlying reference asset, such as entering into a derivative contract to sell a currency at a predetermined price for future delivery (forward foreign currency contract) in anticipation of a decline in the market price of the underlying currency, it is subject to the risk that the reference asset will increase in value, resulting in a loss. Such loss is theoretically unlimited. Short positions also may expose the fund to leverage risk. </td></tr></table> PL Portfolio Optimization Conservative Fund: Mid-Capitalization Companies Risk and Short Sale Risk are deleted from the Principal risks from holdings in Underlying Funds subsection. </div> 0.002 0.002 0.002 0.002 0.0025 0.01 0.01 0.005 0.0028 0.0028 0.0028 0.0028 0.0075 0.0075 0.0075 0.0075 0.0148 0.0223 0.0223 0.0173 -0.0013 -0.0013 -0.0013 -0.0013 0.021 0.0135 0.021 0.016 680 1072 1371 2354 313 1171 672 2544 163 914 2019 519 967 1290 2200 713 967 1290 2200 680 213 213 163 672 672 519 1171 1171 914 2354 2544 2019 SUPPLEMENT DATED NOVEMBER 30, 2012 TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS A, B, C, I, R AND ADVISOR SHARES DATED JULY 1, 2012 This supplement revises the Pacific Life Funds Class A, B, C, I, R and Advisor Shares prospectus dated July 1, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of commencement of operations for the PL Currency Strategies Fund, PL Global Absolute Return Fund, and PL Precious Metals Fund (expected to be December 7, 2012), unless otherwise noted. Remember to review the Prospectus for other important information. Disclosure Changes to the Fund Summaries section PL Portfolio Optimization Conservative Fund, PL Portfolio Optimization Moderate-Conservative Fund, PL Portfolio Optimization Moderate Fund, PL Portfolio Optimization Moderate-Aggressive Fund and PL Portfolio Optimization Aggressive Fund (the "PL Portfolio Optimization Funds"): Each PL Portfolio Optimization Fund's Annual fund operating expenses table and expense Examples are replaced with the following:   <div style="font-family: Arial, Helvetica; background-image: none; background-attachment: scroll; margin-left: 1%; font-size: 16pt; margin-right: 0%; background-position: 0% 0%; background-repeat: repeat repeat;" align="left">PL Portfolio Optimization Moderate-Conservative Fund Annual fund operating expenses1 (expenses that you pay each year as a percentage of the value of your investment)   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="45%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="1%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Management Fee</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Distribution (12b-1) and/or Service Fees</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.25%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.00%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.00%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.50%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Other Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.28%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.28%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.28%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.28%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Acquired Funds Fees and Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.75%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.75%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.75%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.75%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Total Annual Fund Operating Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.48%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.23%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.23%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.73%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Expense Reimbursement2</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.13%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.13%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.13%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.13%)</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Total Annual Fund Operating Expenses after Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.35%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.10%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.10%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.60%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="10" align="left">1 </td> <td valign="top" align="left"> The expense information has been restated to reflect current fees. </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="10" align="left">2 </td> <td valign="top" align="left"> The investment adviser has contractually agreed to limit certain "fund operating expenses" incurred by the fund that exceed an annual rate of 0.15% through 6/30/2015, and 0.30% from 7/1/2015 through 6/30/2023. The agreement will terminate: (i) if the investment advisory agreement is terminated, or (ii) upon ninety days' prior written notice by the Pacific Life Funds. The investment adviser may recoup amounts reimbursed in future periods, not to exceed 3 years from the end of the fiscal year in which the reimbursement took place, provided that the recoupment would not cause the fund to exceed the expense cap. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="53%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="16">Your expenses (in dollars) if you SELL your shares at the end of each period.</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">680</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">713</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">313</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">163</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">967</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,072</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">672</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">519</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,290</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,371</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,171</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">914</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,200</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,354</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,544</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,019</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="53%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="16">Your expenses (in dollars) if you DON'T SELL your shares at the end of each period.</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">680</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">213</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">213</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">163</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">967</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">672</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">672</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">519</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,290</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,171</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,171</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">914</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,200</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,354</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,544</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,019</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table></div>   The second sentence of the second paragraph of each PL Portfolio Optimization Fund's Principal investment strategies subsection is replaced with the following: Within the broad asset classes of debt and equity, the fund diversifies its holdings by investing in Underlying Funds that represent a variety of investment styles and security types, including alternative or non-traditional investment strategies. Alternative or non-traditional investment strategies generally are expected to have low to moderate correlation to traditional equity and fixed income investments and, as a result, may offer diversification benefits. In the same subsection, the following is added as the fourth paragraph: The portion of the fund invested in alternative or non-traditional investment strategies may be allocated to Underlying Funds that, in turn, invest in equity or debt securities or other instruments, which may include, among others:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Forward foreign currency contracts; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Foreign currency options; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> High yield debt securities; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Swaps (such as interest rate, cross-currency, total return and credit default swaps); </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Futures on securities, indexes, currencies and other investments; and </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Precious metals-related equity securities. </td></tr></table> In the same subsection, the first sentence of the current fourth paragraph is replaced with the following: The fund may also, at any time invest in Underlying Funds that hold other debt or equity securities or other instruments.  The following is added to each PL Portfolio Optimization Fund's Principal risks from holdings in Underlying Funds subsection:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Correlation Risk: While the performance of an Underlying Fund that represents an alternative or non-traditional investment strategy is generally expected to have low to moderate correlation with the performance of traditional equity and fixed income investments over long-term periods, the actual performance of such Underlying Fund may be correlated with those traditional investments over short- or long-term periods. Should there be periods when such Underlying Fund's performance is correlated with those traditional investments, any intended diversification effect of including such alternative or non-traditional Underlying Fund as part of an asset allocation strategy may not be achieved, thereby resulting in increased volatility of an asset allocation strategy that includes the Underlying Fund. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Non-Diversification Risk: An Underlying Fund that is classified as non-diversified may invest a greater percentage of its assets in a single issuer or a fewer number of issuers than a diversified fund. This increases potential price volatility and the risk that its value could go down because of the poor performance of a single investment or a small number of investments. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Regulatory Impact Risk: Certain financial instruments are subject to extensive government regulation, which may change frequently and impact a fund significantly. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Short Exposure Risk: When a fund takes a short position using derivative instruments in anticipation of a decline in the market price (i.e., spot price or spot rate) of the underlying reference asset, such as entering into a derivative contract to sell a currency at a predetermined price for future delivery (forward foreign currency contract) in anticipation of a decline in the market price of the underlying currency, it is subject to the risk that the reference asset will increase in value, resulting in a loss. Such loss is theoretically unlimited. Short positions also may expose the fund to leverage risk. </td></tr></table> PL Portfolio Optimization Moderate-Conservative Fund: Inflation-Indexed Debt Securities Risk and Short Sale Risk are deleted from the Principal risks from holdings in Underlying Funds subsection. Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) The expense information has been restated to reflect current fees. The investment adviser has contractually agreed to limit certain "fund operating expenses" incurred by the fund that exceed an annual rate of 0.15% through 6/30/2015, and 0.30% from 7/1/2015 through 6/30/2023. The agreement will terminate: (i) if the investment advisory agreement is terminated, or (ii) upon ninety days' prior written notice by the Pacific Life Funds. The investment adviser may recoup amounts reimbursed in future periods, not to exceed 3 years from the end of the fiscal year in which the reimbursement took place, provided that the recoupment would not cause the fund to exceed the expense cap. Your expenses (in dollars) if you SELL your shares at the end of each period. Your expenses (in dollars) if you DON'T SELL your shares at the end of each period. The second sentence of the second paragraph of each PL Portfolio Optimization Fund's Principal investment strategies subsection is replaced with the following: Within the broad asset classes of debt and equity, the fund diversifies its holdings by investing in Underlying Funds that represent a variety of investment styles and security types, including alternative or non-traditional investment strategies. Alternative or non-traditional investment strategies generally are expected to have low to moderate correlation to traditional equity and fixed income investments and, as a result, may offer diversification benefits. In the same subsection, the following is added as the fourth paragraph: The portion of the fund invested in alternative or non-traditional investment strategies may be allocated to Underlying Funds that, in turn, invest in equity or debt securities or other instruments, which may include, among others:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Forward foreign currency contracts; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Foreign currency options; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> High yield debt securities; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Swaps (such as interest rate, cross-currency, total return and credit default swaps); </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Futures on securities, indexes, currencies and other investments; and </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Precious metals-related equity securities. </td></tr></table> In the same subsection, the first sentence of the current fourth paragraph is replaced with the following: The fund may also, at any time invest in Underlying Funds that hold other debt or equity securities or other instruments.  The following is added to each PL Portfolio Optimization Fund's Principal risks from holdings in Underlying Funds subsection:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Correlation Risk: While the performance of an Underlying Fund that represents an alternative or non-traditional investment strategy is generally expected to have low to moderate correlation with the performance of traditional equity and fixed income investments over long-term periods, the actual performance of such Underlying Fund may be correlated with those traditional investments over short- or long-term periods. Should there be periods when such Underlying Fund's performance is correlated with those traditional investments, any intended diversification effect of including such alternative or non-traditional Underlying Fund as part of an asset allocation strategy may not be achieved, thereby resulting in increased volatility of an asset allocation strategy that includes the Underlying Fund. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Non-Diversification Risk: An Underlying Fund that is classified as non-diversified may invest a greater percentage of its assets in a single issuer or a fewer number of issuers than a diversified fund. This increases potential price volatility and the risk that its value could go down because of the poor performance of a single investment or a small number of investments. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Regulatory Impact Risk: Certain financial instruments are subject to extensive government regulation, which may change frequently and impact a fund significantly. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Short Exposure Risk: When a fund takes a short position using derivative instruments in anticipation of a decline in the market price (i.e., spot price or spot rate) of the underlying reference asset, such as entering into a derivative contract to sell a currency at a predetermined price for future delivery (forward foreign currency contract) in anticipation of a decline in the market price of the underlying currency, it is subject to the risk that the reference asset will increase in value, resulting in a loss. Such loss is theoretically unlimited. Short positions also may expose the fund to leverage risk. </td></tr></table> PL Portfolio Optimization Moderate-Conservative Fund: Inflation-Indexed Debt Securities Risk and Short Sale Risk are deleted from the Principal risks from holdings in Underlying Funds subsection. Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) The expense information has been restated to reflect current fees. The investment adviser has contractually agreed to limit certain "fund operating expenses" incurred by the fund that exceed an annual rate of 0.15% through 6/30/2015, and 0.30% from 7/1/2015 through 6/30/2023. The agreement will terminate: (i) if the investment advisory agreement is terminated, or (ii) upon ninety days' prior written notice by the Pacific Life Funds. The investment adviser may recoup amounts reimbursed in future periods, not to exceed 3 years from the end of the fiscal year in which the reimbursement took place, provided that the recoupment would not cause the fund to exceed the expense cap. Your expenses (in dollars) if you SELL your shares at the end of each period. Your expenses (in dollars) if you DON'T SELL your shares at the end of each period. The second sentence of the second paragraph of each PL Portfolio Optimization Fund's Principal investment strategies subsection is replaced with the following: Within the broad asset classes of debt and equity, the fund diversifies its holdings by investing in Underlying Funds that represent a variety of investment styles and security types, including alternative or non-traditional investment strategies. Alternative or non-traditional investment strategies generally are expected to have low to moderate correlation to traditional equity and fixed income investments and, as a result, may offer diversification benefits. In the same subsection, the following is added as the fourth paragraph: The portion of the fund invested in alternative or non-traditional investment strategies may be allocated to Underlying Funds that, in turn, invest in equity or debt securities or other instruments, which may include, among others:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Forward foreign currency contracts; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Foreign currency options; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> High yield debt securities; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Swaps (such as interest rate, cross-currency, total return and credit default swaps); </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Futures on securities, indexes, currencies and other investments; and </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Precious metals-related equity securities. </td></tr></table> In the same subsection, the first sentence of the current fourth paragraph is replaced with the following: The fund may also, at any time invest in Underlying Funds that hold other debt or equity securities or other instruments.  The following is added to each PL Portfolio Optimization Fund's Principal risks from holdings in Underlying Funds subsection:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Correlation Risk: While the performance of an Underlying Fund that represents an alternative or non-traditional investment strategy is generally expected to have low to moderate correlation with the performance of traditional equity and fixed income investments over long-term periods, the actual performance of such Underlying Fund may be correlated with those traditional investments over short- or long-term periods. Should there be periods when such Underlying Fund's performance is correlated with those traditional investments, any intended diversification effect of including such alternative or non-traditional Underlying Fund as part of an asset allocation strategy may not be achieved, thereby resulting in increased volatility of an asset allocation strategy that includes the Underlying Fund. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Non-Diversification Risk: An Underlying Fund that is classified as non-diversified may invest a greater percentage of its assets in a single issuer or a fewer number of issuers than a diversified fund. This increases potential price volatility and the risk that its value could go down because of the poor performance of a single investment or a small number of investments. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Regulatory Impact Risk: Certain financial instruments are subject to extensive government regulation, which may change frequently and impact a fund significantly. </td></tr></table> <div>  <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Short Exposure Risk: When a fund takes a short position using derivative instruments in anticipation of a decline in the market price (i.e., spot price or spot rate) of the underlying reference asset, such as entering into a derivative contract to sell a currency at a predetermined price for future delivery (forward foreign currency contract) in anticipation of a decline in the market price of the underlying currency, it is subject to the risk that the reference asset will increase in value, resulting in a loss. Such loss is theoretically unlimited. Short positions also may expose the fund to leverage risk. </td></tr></table> PL Portfolio Optimization Conservative Fund: Mid-Capitalization Companies Risk and Short Sale Risk are deleted from the Principal risks from holdings in Underlying Funds subsection. </div> 0.002 0.002 0.002 0.002 0.0025 0.01 0.01 0.005 0.0027 0.0027 0.0027 0.0027 0.008 0.008 0.008 0.008 0.0152 0.0227 0.0177 0.0227 -0.0012 -0.0012 -0.0012 -0.0012 0.014 0.0215 0.0215 0.0165 685 718 318 168 981 1086 686 533 1311 1393 1193 936 2243 2397 2586 2063 685 218 218 168 981 686 686 533 1311 1193 1193 936 2243 2397 2586 2063 Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) The expense information has been restated to reflect current fees. The investment adviser has contractually agreed to limit certain "fund operating expenses" incurred by the fund that exceed an annual rate of 0.15% through 6/30/2015, and 0.30% from 7/1/2015 through 6/30/2023. The agreement will terminate: (i) if the investment advisory agreement is terminated, or (ii) upon ninety days' prior written notice by the Pacific Life Funds. The investment adviser may recoup amounts reimbursed in future periods, not to exceed 3 years from the end of the fiscal year in which the reimbursement took place, provided that the recoupment would not cause the fund to exceed the expense cap. Your expenses (in dollars) if you SELL your shares at the end of each period. Your expenses (in dollars) if you DON'T SELL your shares at the end of each period. The second sentence of the second paragraph of each PL Portfolio Optimization Fund's Principal investment strategies subsection is replaced with the following: Within the broad asset classes of debt and equity, the fund diversifies its holdings by investing in Underlying Funds that represent a variety of investment styles and security types, including alternative or non-traditional investment strategies. Alternative or non-traditional investment strategies generally are expected to have low to moderate correlation to traditional equity and fixed income investments and, as a result, may offer diversification benefits. In the same subsection, the following is added as the fourth paragraph: The portion of the fund invested in alternative or non-traditional investment strategies may be allocated to Underlying Funds that, in turn, invest in equity or debt securities or other instruments, which may include, among others:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Forward foreign currency contracts; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Foreign currency options; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> High yield debt securities; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Swaps (such as interest rate, cross-currency, total return and credit default swaps); </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Futures on securities, indexes, currencies and other investments; and </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Precious metals-related equity securities. </td></tr></table> In the same subsection, the first sentence of the current fourth paragraph is replaced with the following: The fund may also, at any time invest in Underlying Funds that hold other debt or equity securities or other instruments.  The following is added to each PL Portfolio Optimization Fund's Principal risks from holdings in Underlying Funds subsection:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Correlation Risk: While the performance of an Underlying Fund that represents an alternative or non-traditional investment strategy is generally expected to have low to moderate correlation with the performance of traditional equity and fixed income investments over long-term periods, the actual performance of such Underlying Fund may be correlated with those traditional investments over short- or long-term periods. Should there be periods when such Underlying Fund's performance is correlated with those traditional investments, any intended diversification effect of including such alternative or non-traditional Underlying Fund as part of an asset allocation strategy may not be achieved, thereby resulting in increased volatility of an asset allocation strategy that includes the Underlying Fund. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Non-Diversification Risk: An Underlying Fund that is classified as non-diversified may invest a greater percentage of its assets in a single issuer or a fewer number of issuers than a diversified fund. This increases potential price volatility and the risk that its value could go down because of the poor performance of a single investment or a small number of investments. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Regulatory Impact Risk: Certain financial instruments are subject to extensive government regulation, which may change frequently and impact a fund significantly. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Short Exposure Risk: When a fund takes a short position using derivative instruments in anticipation of a decline in the market price (i.e., spot price or spot rate) of the underlying reference asset, such as entering into a derivative contract to sell a currency at a predetermined price for future delivery (forward foreign currency contract) in anticipation of a decline in the market price of the underlying currency, it is subject to the risk that the reference asset will increase in value, resulting in a loss. Such loss is theoretically unlimited. Short positions also may expose the fund to leverage risk. </td></tr></table> PL Portfolio Optimization Moderate Fund: Short Sale Risk is deleted from the Principal risks from holdings in Underlying Funds subsection and the following is added:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> High-Yield or "Junk" Securities Risk: High yield securities are typically issued by companies that are highly leveraged, less creditworthy or financially distressed and are considered to be mostly speculative in nature (high risk), potentially less liquid, and subject to a greater risk of loss, that is they are more likely to default than higher rated securities. </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Non-Diversification Risk: An Underlying Fund that is classified as non-diversified may invest a greater percentage of its assets in a single issuer or a fewer number of issuers than a diversified fund. This increases potential price volatility and the risk that its value could go down because of the poor performance of a single investment or a small number of investments. </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Non-Diversification Risk: An Underlying Fund that is classified as non-diversified may invest a greater percentage of its assets in a single issuer or a fewer number of issuers than a diversified fund. This increases potential price volatility and the risk that its value could go down because of the poor performance of a single investment or a small number of investments. </td></tr></table> 2012-07-01 2012-11-30 2012-11-30 false PACIFIC LIFE FUNDS 0001137761 Other 2012-03-31 0.002 0.002 0.002 0.002 0.0025 0.01 0.01 0.005 0.0027 0.0027 0.0027 0.0027 0.0084 0.0084 0.0084 0.0084 0.0156 0.0231 0.0231 0.0181 -0.0012 -0.0012 -0.0012 -0.0012 0.0144 0.0219 0.0219 0.0169 689 722 172 322 1098 993 698 546 1331 1413 1213 957 2285 2439 2627 2106 689 222 222 172 993 698 698 546 1331 1213 1213 957 2285 2439 2627 2106 0.002 0.002 0.002 0.002 0.0025 0.01 0.01 0.005 0.0029 0.0029 0.0029 0.0029 0.0087 0.0087 0.0087 0.0087 0.0161 0.0236 0.0236 0.0186 -0.0014 -0.0014 -0.0014 -0.0014 0.0147 0.0222 0.0222 0.0172 691 325 175 725 1004 709 557 1109 1352 1434 1234 979 2333 2487 2674 2156 691 225 225 175 1004 709 709 557 1352 1234 1234 979 2333 2487 2674 2156 Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) The expense information has been restated to reflect current fees. The investment adviser has contractually agreed to limit certain "fund operating expenses" incurred by the fund that exceed an annual rate of 0.15% through 6/30/2015, and 0.30% from 7/1/2015 through 6/30/2023. The agreement will terminate: (i) if the investment advisory agreement is terminated, or (ii) upon ninety days' prior written notice by the Pacific Life Funds. The investment adviser may recoup amounts reimbursed in future periods, not to exceed 3 years from the end of the fiscal year in which the reimbursement took place, provided that the recoupment would not cause the fund to exceed the expense cap. Your expenses (in dollars) if you SELL your shares at the end of each period. Your expenses (in dollars) if you DON'T SELL your shares at the end of each period. The second sentence of the second paragraph of each PL Portfolio Optimization Fund's Principal investment strategies subsection is replaced with the following: Within the broad asset classes of debt and equity, the fund diversifies its holdings by investing in Underlying Funds that represent a variety of investment styles and security types, including alternative or non-traditional investment strategies. Alternative or non-traditional investment strategies generally are expected to have low to moderate correlation to traditional equity and fixed income investments and, as a result, may offer diversification benefits. In the same subsection, the following is added as the fourth paragraph: The portion of the fund invested in alternative or non-traditional investment strategies may be allocated to Underlying Funds that, in turn, invest in equity or debt securities or other instruments, which may include, among others:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Forward foreign currency contracts; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Foreign currency options; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> High yield debt securities; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Swaps (such as interest rate, cross-currency, total return and credit default swaps); </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Futures on securities, indexes, currencies and other investments; and </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Precious metals-related equity securities. </td></tr></table> In the same subsection, the first sentence of the current fourth paragraph is replaced with the following: The fund may also, at any time invest in Underlying Funds that hold other debt or equity securities or other instruments.  The following is added to each PL Portfolio Optimization Fund's Principal risks from holdings in Underlying Funds subsection:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Correlation Risk: While the performance of an Underlying Fund that represents an alternative or non-traditional investment strategy is generally expected to have low to moderate correlation with the performance of traditional equity and fixed income investments over long-term periods, the actual performance of such Underlying Fund may be correlated with those traditional investments over short- or long-term periods. Should there be periods when such Underlying Fund's performance is correlated with those traditional investments, any intended diversification effect of including such alternative or non-traditional Underlying Fund as part of an asset allocation strategy may not be achieved, thereby resulting in increased volatility of an asset allocation strategy that includes the Underlying Fund. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Non-Diversification Risk: An Underlying Fund that is classified as non-diversified may invest a greater percentage of its assets in a single issuer or a fewer number of issuers than a diversified fund. This increases potential price volatility and the risk that its value could go down because of the poor performance of a single investment or a small number of investments. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Regulatory Impact Risk: Certain financial instruments are subject to extensive government regulation, which may change frequently and impact a fund significantly. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Short Exposure Risk: When a fund takes a short position using derivative instruments in anticipation of a decline in the market price (i.e., spot price or spot rate) of the underlying reference asset, such as entering into a derivative contract to sell a currency at a predetermined price for future delivery (forward foreign currency contract) in anticipation of a decline in the market price of the underlying currency, it is subject to the risk that the reference asset will increase in value, resulting in a loss. Such loss is theoretically unlimited. Short positions also may expose the fund to leverage risk. </td></tr></table>PL Portfolio Optimization Aggressive Fund: The following is added to the Principal risks from holdings in Underlying Funds subsection:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> U.S. Government Securities Risk: Not all U.S. government securities are backed or guaranteed by the U.S. government and different U.S. government securities are subject to varying degrees of credit risk. There is risk that the U.S. government will not provide financial support to U.S. government agencies, instrumentalities or sponsored enterprises if it is not obligated to do so by law. </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Non-Diversification Risk: An Underlying Fund that is classified as non-diversified may invest a greater percentage of its assets in a single issuer or a fewer number of issuers than a diversified fund. This increases potential price volatility and the risk that its value could go down because of the poor performance of a single investment or a small number of investments. </td></tr></table> Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) The expense information has been restated to reflect current fees. The investment adviser has contractually agreed to limit certain "fund operating expenses" incurred by the fund that exceed an annual rate of 0.15% through 6/30/2015, and 0.30% from 7/1/2015 through 6/30/2023. The agreement will terminate: (i) if the investment advisory agreement is terminated, or (ii) upon ninety days' prior written notice by the Pacific Life Funds. The investment adviser may recoup amounts reimbursed in future periods, not to exceed 3 years from the end of the fiscal year in which the reimbursement took place, provided that the recoupment would not cause the fund to exceed the expense cap. Your expenses (in dollars) if you SELL your shares at the end of each period. Your expenses (in dollars) if you DON'T SELL your shares at the end of each period. The second sentence of the second paragraph of each PL Portfolio Optimization Fund's Principal investment strategies subsection is replaced with the following: Within the broad asset classes of debt and equity, the fund diversifies its holdings by investing in Underlying Funds that represent a variety of investment styles and security types, including alternative or non-traditional investment strategies. Alternative or non-traditional investment strategies generally are expected to have low to moderate correlation to traditional equity and fixed income investments and, as a result, may offer diversification benefits. In the same subsection, the following is added as the fourth paragraph: The portion of the fund invested in alternative or non-traditional investment strategies may be allocated to Underlying Funds that, in turn, invest in equity or debt securities or other instruments, which may include, among others:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Forward foreign currency contracts; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Foreign currency options; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> High yield debt securities; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Swaps (such as interest rate, cross-currency, total return and credit default swaps); </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Futures on securities, indexes, currencies and other investments; and </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Precious metals-related equity securities. </td></tr></table> In the same subsection, the first sentence of the current fourth paragraph is replaced with the following: The fund may also, at any time invest in Underlying Funds that hold other debt or equity securities or other instruments.  The fund may also, at any time invest in Underlying Funds that hold other debt or equity securities or other instruments.  The following is added to each PL Portfolio Optimization Fund's Principal risks from holdings in Underlying Funds subsection:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Correlation Risk: While the performance of an Underlying Fund that represents an alternative or non-traditional investment strategy is generally expected to have low to moderate correlation with the performance of traditional equity and fixed income investments over long-term periods, the actual performance of such Underlying Fund may be correlated with those traditional investments over short- or long-term periods. Should there be periods when such Underlying Fund's performance is correlated with those traditional investments, any intended diversification effect of including such alternative or non-traditional Underlying Fund as part of an asset allocation strategy may not be achieved, thereby resulting in increased volatility of an asset allocation strategy that includes the Underlying Fund. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Non-Diversification Risk: An Underlying Fund that is classified as non-diversified may invest a greater percentage of its assets in a single issuer or a fewer number of issuers than a diversified fund. This increases potential price volatility and the risk that its value could go down because of the poor performance of a single investment or a small number of investments. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Regulatory Impact Risk: Certain financial instruments are subject to extensive government regulation, which may change frequently and impact a fund significantly. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Short Exposure Risk: When a fund takes a short position using derivative instruments in anticipation of a decline in the market price (i.e., spot price or spot rate) of the underlying reference asset, such as entering into a derivative contract to sell a currency at a predetermined price for future delivery (forward foreign currency contract) in anticipation of a decline in the market price of the underlying currency, it is subject to the risk that the reference asset will increase in value, resulting in a loss. Such loss is theoretically unlimited. Short positions also may expose the fund to leverage risk. </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Non-Diversification Risk: An Underlying Fund that is classified as non-diversified may invest a greater percentage of its assets in a single issuer or a fewer number of issuers than a diversified fund. This increases potential price volatility and the risk that its value could go down because of the poor performance of a single investment or a small number of investments. </td></tr></table> SUPPLEMENT DATED NOVEMBER 30, 2012 TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS A, B, C, I, R AND ADVISOR SHARES DATED JULY 1, 2012 This supplement revises the Pacific Life Funds Class A, B, C, I, R and Advisor Shares prospectus dated July 1, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of commencement of operations for the PL Currency Strategies Fund, PL Global Absolute Return Fund, and PL Precious Metals Fund (expected to be December 7, 2012), unless otherwise noted. Remember to review the Prospectus for other important information. Disclosure Changes to the Fund Summaries section PL Portfolio Optimization Conservative Fund, PL Portfolio Optimization Moderate-Conservative Fund, PL Portfolio Optimization Moderate Fund, PL Portfolio Optimization Moderate-Aggressive Fund and PL Portfolio Optimization Aggressive Fund (the "PL Portfolio Optimization Funds"): Each PL Portfolio Optimization Fund's Annual fund operating expenses table and expense Examples are replaced with the following:   PL Portfolio Optimization Moderate-Aggressive Fund Annual fund operating expenses1 (expenses that you pay each year as a percentage of the value of your investment) <div style="font-family: Arial, Helvetica; background-image: none; background-attachment: scroll; margin-left: 1%; font-size: 16pt; margin-right: 0%; background-position: 0% 0%; background-repeat: repeat repeat;" align="left">  <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="45%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="1%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Management Fee</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Distribution (12b-1) and/or Service Fees</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.25%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.00%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.00%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.50%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Other Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.27%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.27%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.27%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.27%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Acquired Funds Fees and Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.84%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.84%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.84%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.84%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Total Annual Fund Operating Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.56%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.31%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.31%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.81%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Expense Reimbursement2</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.12%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.12%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.12%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.12%)</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Total Annual Fund Operating Expenses after Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.44%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.19%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.19%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.69%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="10" align="left">1 </td> <td valign="top" align="left"> The expense information has been restated to reflect current fees. </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="10" align="left">2 </td> <td valign="top" align="left"> The investment adviser has contractually agreed to limit certain "fund operating expenses" incurred by the fund that exceed an annual rate of 0.15% through 6/30/2015, and 0.30% from 7/1/2015 through 6/30/2023. The agreement will terminate: (i) if the investment advisory agreement is terminated, or (ii) upon ninety days' prior written notice by the Pacific Life Funds. The investment adviser may recoup amounts reimbursed in future periods, not to exceed 3 years from the end of the fiscal year in which the reimbursement took place, provided that the recoupment would not cause the fund to exceed the expense cap. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="53%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="16">Your expenses (in dollars) if you SELL your shares at the end of each period.</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">689</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">722</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">322</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">172</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">993</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,098</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">698</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">546</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,331</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,413</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,213</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">957</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,285</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,439</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,627</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,106</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="53%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td></tr> <tr> <td style="border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="16">Your expenses (in dollars) if you DON'T SELL your shares at the end of each period.</td> <td style="padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">689</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">222</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">222</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">172</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">993</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">698</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">698</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">546</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,331</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,213</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,213</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">957</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,285</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,439</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,627</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,106</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table></div><div style="HEIGHT: 0px; CLEAR: both; FONT-SIZE: 0px"> </div>   The second sentence of the second paragraph of each PL Portfolio Optimization Fund's Principal investment strategies subsection is replaced with the following: Within the broad asset classes of debt and equity, the fund diversifies its holdings by investing in Underlying Funds that represent a variety of investment styles and security types, including alternative or non-traditional investment strategies. Alternative or non-traditional investment strategies generally are expected to have low to moderate correlation to traditional equity and fixed income investments and, as a result, may offer diversification benefits. In the same subsection, the following is added as the fourth paragraph: The portion of the fund invested in alternative or non-traditional investment strategies may be allocated to Underlying Funds that, in turn, invest in equity or debt securities or other instruments, which may include, among others:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Forward foreign currency contracts; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Foreign currency options; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> High yield debt securities; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Swaps (such as interest rate, cross-currency, total return and credit default swaps); </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Futures on securities, indexes, currencies and other investments; and </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Precious metals-related equity securities. </td></tr></table> In the same subsection, the first sentence of the current fourth paragraph is replaced with the following: The fund may also, at any time invest in Underlying Funds that hold other debt or equity securities or other instruments.  The following is added to each PL Portfolio Optimization Fund's Principal risks from holdings in Underlying Funds subsection:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Correlation Risk: While the performance of an Underlying Fund that represents an alternative or non-traditional investment strategy is generally expected to have low to moderate correlation with the performance of traditional equity and fixed income investments over long-term periods, the actual performance of such Underlying Fund may be correlated with those traditional investments over short- or long-term periods. Should there be periods when such Underlying Fund's performance is correlated with those traditional investments, any intended diversification effect of including such alternative or non-traditional Underlying Fund as part of an asset allocation strategy may not be achieved, thereby resulting in increased volatility of an asset allocation strategy that includes the Underlying Fund. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Non-Diversification Risk: An Underlying Fund that is classified as non-diversified may invest a greater percentage of its assets in a single issuer or a fewer number of issuers than a diversified fund. This increases potential price volatility and the risk that its value could go down because of the poor performance of a single investment or a small number of investments. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Regulatory Impact Risk: Certain financial instruments are subject to extensive government regulation, which may change frequently and impact a fund significantly. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Short Exposure Risk: When a fund takes a short position using derivative instruments in anticipation of a decline in the market price (i.e., spot price or spot rate) of the underlying reference asset, such as entering into a derivative contract to sell a currency at a predetermined price for future delivery (forward foreign currency contract) in anticipation of a decline in the market price of the underlying currency, it is subject to the risk that the reference asset will increase in value, resulting in a loss. Such loss is theoretically unlimited. Short positions also may expose the fund to leverage risk. </td></tr></table> SUPPLEMENT DATED NOVEMBER 30, 2012 TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS A, B, C, I, R AND ADVISOR SHARES DATED JULY 1, 2012 This supplement revises the Pacific Life Funds Class A, B, C, I, R and Advisor Shares prospectus dated July 1, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of commencement of operations for the PL Currency Strategies Fund, PL Global Absolute Return Fund, and PL Precious Metals Fund (expected to be December 7, 2012), unless otherwise noted. Remember to review the Prospectus for other important information. Disclosure Changes to the Fund Summaries section PL Portfolio Optimization Conservative Fund, PL Portfolio Optimization Moderate-Conservative Fund, PL Portfolio Optimization Moderate Fund, PL Portfolio Optimization Moderate-Aggressive Fund and PL Portfolio Optimization Aggressive Fund (the "PL Portfolio Optimization Funds"): Each PL Portfolio Optimization Fund's Annual fund operating expenses table and expense Examples are replaced with the following: <div style="font-family: Arial, Helvetica; background-image: none; background-attachment: scroll; margin-left: 0%; font-size: 16pt; margin-right: 0%; background-position: 0% 0%; background-repeat: repeat repeat;" align="left"> PL Portfolio Optimization Moderate Fund Annual fund operating expenses1 (expenses that you pay each year as a percentage of the value of your investment)   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="45%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="1%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Management Fee</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Distribution (12b-1) and/or Service Fees</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.25%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.00%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.00%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.50%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Other Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.27%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.27%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.27%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.27%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Acquired Funds Fees and Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.80%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.80%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.80%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.80%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Total Annual Fund Operating Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.52%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.27%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.27%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.77%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Expense Reimbursement2</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.12%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.12%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.12%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.12%)</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Total Annual Fund Operating Expenses after Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.40%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.15%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.15%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.65%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="10" align="left">1 </td> <td valign="top" align="left"> The expense information has been restated to reflect current fees. </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="10" align="left">2 </td> <td valign="top" align="left"> The investment adviser has contractually agreed to limit certain "fund operating expenses" incurred by the fund that exceed an annual rate of 0.15% through 6/30/2015, and 0.30% from 7/1/2015 through 6/30/2023. The agreement will terminate: (i) if the investment advisory agreement is terminated, or (ii) upon ninety days' prior written notice by the Pacific Life Funds. The investment adviser may recoup amounts reimbursed in future periods, not to exceed 3 years from the end of the fiscal year in which the reimbursement took place, provided that the recoupment would not cause the fund to exceed the expense cap. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="53%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="16">Your expenses (in dollars) if you SELL your shares at the end of each period.</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">685</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">718</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">318</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">168</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">981</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,086</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">686</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">533</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,311</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,393</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,193</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">936</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,243</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,397</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,586</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,063</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="53%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="16">Your expenses (in dollars) if you DON'T SELL your shares at the end of each period.</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">685</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">218</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">218</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">168</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">981</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">686</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">686</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">533</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,311</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,193</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,193</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">936</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,243</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,397</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,586</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,063</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table></div>  The second sentence of the second paragraph of each PL Portfolio Optimization Fund's Principal investment strategies subsection is replaced with the following: Within the broad asset classes of debt and equity, the fund diversifies its holdings by investing in Underlying Funds that represent a variety of investment styles and security types, including alternative or non-traditional investment strategies. Alternative or non-traditional investment strategies generally are expected to have low to moderate correlation to traditional equity and fixed income investments and, as a result, may offer diversification benefits. In the same subsection, the following is added as the fourth paragraph: The portion of the fund invested in alternative or non-traditional investment strategies may be allocated to Underlying Funds that, in turn, invest in equity or debt securities or other instruments, which may include, among others:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Forward foreign currency contracts; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Foreign currency options; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> High yield debt securities; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Swaps (such as interest rate, cross-currency, total return and credit default swaps); </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Futures on securities, indexes, currencies and other investments; and </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Precious metals-related equity securities. </td></tr></table> In the same subsection, the first sentence of the current fourth paragraph is replaced with the following: The fund may also, at any time invest in Underlying Funds that hold other debt or equity securities or other instruments.  The following is added to each PL Portfolio Optimization Fund's Principal risks from holdings in Underlying Funds subsection:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Correlation Risk: While the performance of an Underlying Fund that represents an alternative or non-traditional investment strategy is generally expected to have low to moderate correlation with the performance of traditional equity and fixed income investments over long-term periods, the actual performance of such Underlying Fund may be correlated with those traditional investments over short- or long-term periods. Should there be periods when such Underlying Fund's performance is correlated with those traditional investments, any intended diversification effect of including such alternative or non-traditional Underlying Fund as part of an asset allocation strategy may not be achieved, thereby resulting in increased volatility of an asset allocation strategy that includes the Underlying Fund. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Non-Diversification Risk: An Underlying Fund that is classified as non-diversified may invest a greater percentage of its assets in a single issuer or a fewer number of issuers than a diversified fund. This increases potential price volatility and the risk that its value could go down because of the poor performance of a single investment or a small number of investments. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Regulatory Impact Risk: Certain financial instruments are subject to extensive government regulation, which may change frequently and impact a fund significantly. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Short Exposure Risk: When a fund takes a short position using derivative instruments in anticipation of a decline in the market price (i.e., spot price or spot rate) of the underlying reference asset, such as entering into a derivative contract to sell a currency at a predetermined price for future delivery (forward foreign currency contract) in anticipation of a decline in the market price of the underlying currency, it is subject to the risk that the reference asset will increase in value, resulting in a loss. Such loss is theoretically unlimited. Short positions also may expose the fund to leverage risk. </td></tr></table> PL Portfolio Optimization Moderate Fund: Short Sale Risk is deleted from the Principal risks from holdings in Underlying Funds subsection and the following is added:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> High-Yield or "Junk" Securities Risk: High yield securities are typically issued by companies that are highly leveraged, less creditworthy or financially distressed and are considered to be mostly speculative in nature (high risk), potentially less liquid, and subject to a greater risk of loss, that is they are more likely to default than higher rated securities. </td></tr></table> SUPPLEMENT DATED NOVEMBER 30, 2012 TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS A, B, C, I, R AND ADVISOR SHARES DATED JULY 1, 2012 This supplement revises the Pacific Life Funds Class A, B, C, I, R and Advisor Shares prospectus dated July 1, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of commencement of operations for the PL Currency Strategies Fund, PL Global Absolute Return Fund, and PL Precious Metals Fund (expected to be December 7, 2012), unless otherwise noted. Remember to review the Prospectus for other important information. Disclosure Changes to the Fund Summaries section PL Portfolio Optimization Conservative Fund, PL Portfolio Optimization Moderate-Conservative Fund, PL Portfolio Optimization Moderate Fund, PL Portfolio Optimization Moderate-Aggressive Fund and PL Portfolio Optimization Aggressive Fund (the "PL Portfolio Optimization Funds"): Each PL Portfolio Optimization Fund's Annual fund operating expenses table and expense Examples are replaced with the following: PL Portfolio Optimization Aggressive Fund Annual fund operating expenses1 (expenses that you pay each year as a percentage of the value of your investment) <div style="position: relative; padding-bottom: 8px; WIDTH: 48%; padding-right: 15px; FLOAT: left; OVERFLOW: hidden; margin-left: 2%; padding-top: 3px">   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="45%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="1%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top">Management Fee</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top">Distribution (12b-1) and/or Service Fees</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.25%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.00%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.00%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.50%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Other Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.29%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.29%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.29%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.29%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top">Acquired Funds Fees and Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.87%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.87%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.87%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.87%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Total Annual Fund Operating Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.61%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.36%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.36%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.86%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top">Expense Reimbursement2</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.14%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.14%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.14%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.14%)</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top">Total Annual Fund Operating Expenses after Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.47%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.22%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.22%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.72%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="10" align="left">1 </td> <td valign="top" align="left"> The expense information has been restated to reflect current fees. </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="10" align="left">2 </td> <td valign="top" align="left"> The investment adviser has contractually agreed to limit certain "fund operating expenses" incurred by the fund that exceed an annual rate of 0.15% through 6/30/2015, and 0.30% from 7/1/2015 through 6/30/2023. The agreement will terminate: (i) if the investment advisory agreement is terminated, or (ii) upon ninety days' prior written notice by the Pacific Life Funds. The investment adviser may recoup amounts reimbursed in future periods, not to exceed 3 years from the end of the fiscal year in which the reimbursement took place, provided that the recoupment would not cause the fund to exceed the expense cap. </td></tr></table></div> <div style="position: relative; padding-bottom: 8px; WIDTH: 45%; padding-right: 0px; FLOAT: right; OVERFLOW: hidden; padding-top: 3px: margin-left: 1%;">       <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="95%" align="center"> <tr> <td width="53%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="16">Your expenses (in dollars) if you SELL your shares at the end of each period.</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">691</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">725</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">325</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">175</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,004</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,109</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">709</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">557</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,352</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,434</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,234</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">979</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,333</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,487</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,674</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,156</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="95%" align="center"> <tr> <td width="53%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="16">Your expenses (in dollars) if you DON'T SELL your shares at the end of each period.</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">691</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">225</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">225</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">175</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,004</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">709</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">709</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">557</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,352</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,234</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,234</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">979</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,333</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,487</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,674</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,156</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table></div><div style="HEIGHT: 0px; CLEAR: both; FONT-SIZE: 0px"> </div>   The second sentence of the second paragraph of each PL Portfolio Optimization Fund's Principal investment strategies subsection is replaced with the following: Within the broad asset classes of debt and equity, the fund diversifies its holdings by investing in Underlying Funds that represent a variety of investment styles and security types, including alternative or non-traditional investment strategies. Alternative or non-traditional investment strategies generally are expected to have low to moderate correlation to traditional equity and fixed income investments and, as a result, may offer diversification benefits. In the same subsection, the following is added as the fourth paragraph: The portion of the fund invested in alternative or non-traditional investment strategies may be allocated to Underlying Funds that, in turn, invest in equity or debt securities or other instruments, which may include, among others:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Forward foreign currency contracts; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Foreign currency options; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> High yield debt securities; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Swaps (such as interest rate, cross-currency, total return and credit default swaps); </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Futures on securities, indexes, currencies and other investments; and </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Precious metals-related equity securities. </td></tr></table> In the same subsection, the first sentence of the current fourth paragraph is replaced with the following: The fund may also, at any time invest in Underlying Funds that hold other debt or equity securities or other instruments.  The following is added to each PL Portfolio Optimization Fund's Principal risks from holdings in Underlying Funds subsection:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Correlation Risk: While the performance of an Underlying Fund that represents an alternative or non-traditional investment strategy is generally expected to have low to moderate correlation with the performance of traditional equity and fixed income investments over long-term periods, the actual performance of such Underlying Fund may be correlated with those traditional investments over short- or long-term periods. Should there be periods when such Underlying Fund's performance is correlated with those traditional investments, any intended diversification effect of including such alternative or non-traditional Underlying Fund as part of an asset allocation strategy may not be achieved, thereby resulting in increased volatility of an asset allocation strategy that includes the Underlying Fund. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Non-Diversification Risk: An Underlying Fund that is classified as non-diversified may invest a greater percentage of its assets in a single issuer or a fewer number of issuers than a diversified fund. This increases potential price volatility and the risk that its value could go down because of the poor performance of a single investment or a small number of investments. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Regulatory Impact Risk: Certain financial instruments are subject to extensive government regulation, which may change frequently and impact a fund significantly. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Short Exposure Risk: When a fund takes a short position using derivative instruments in anticipation of a decline in the market price (i.e., spot price or spot rate) of the underlying reference asset, such as entering into a derivative contract to sell a currency at a predetermined price for future delivery (forward foreign currency contract) in anticipation of a decline in the market price of the underlying currency, it is subject to the risk that the reference asset will increase in value, resulting in a loss. Such loss is theoretically unlimited. Short positions also may expose the fund to leverage risk. </td></tr></table>PL Portfolio Optimization Aggressive Fund: The following is added to the Principal risks from holdings in Underlying Funds subsection:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> U.S. Government Securities Risk: Not all U.S. government securities are backed or guaranteed by the U.S. government and different U.S. government securities are subject to varying degrees of credit risk. There is risk that the U.S. government will not provide financial support to U.S. government agencies, instrumentalities or sponsored enterprises if it is not obligated to do so by law. </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Non-Diversification Risk: An Underlying Fund that is classified as non-diversified may invest a greater percentage of its assets in a single issuer or a fewer number of issuers than a diversified fund. This increases potential price volatility and the risk that its value could go down because of the poor performance of a single investment or a small number of investments. </td></tr></table> SUPPLEMENT DATED NOVEMBER 30, 2012 TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS A, B, C, I, R AND ADVISOR SHARES DATED JULY 1, 2012 This supplement revises the Pacific Life Funds Class A, B, C, I, R and Advisor Shares prospectus dated July 1, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of commencement of operations for the PL Currency Strategies Fund, PL Global Absolute Return Fund, and PL Precious Metals Fund (expected to be December 7, 2012), unless otherwise noted. Remember to review the Prospectus for other important information. Disclosure Changes to the Fund Summaries section PL Portfolio Optimization Conservative Fund, PL Portfolio Optimization Moderate-Conservative Fund, PL Portfolio Optimization Moderate Fund, PL Portfolio Optimization Moderate-Aggressive Fund and PL Portfolio Optimization Aggressive Fund (the "PL Portfolio Optimization Funds"): Each PL Portfolio Optimization Fund's Annual fund operating expenses table and expense Examples are replaced with the following:   <div style="position: relative; padding-bottom: 8px; WIDTH: 48%; padding-right: 9px; FLOAT: left; overflow: hidden; margin-right: 1%; padding-top: 3px"> PL Portfolio Optimization Conservative Fund Annual fund operating expenses1 (expenses that you pay each year as a percentage of the value of your investment)   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="45%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="1%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top">Management Fee</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Distribution (12b-1) and/or Service Fees</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.25%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.00%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.00%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.50%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Other Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.28%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.28%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.28%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.28%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top">Acquired Funds Fees and Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.70%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.70%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.70%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.70%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Total Annual Fund Operating Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.43%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.18%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.18%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.68%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Expense Reimbursement2</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.13%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.13%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.13%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.13%)</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Total Annual Fund Operating Expenses after Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.30%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.05%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.05%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.55%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="10" align="left">1 </td> <td valign="top" align="left"> The expense information has been restated to reflect current fees. </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="10" align="left">2 </td> <td valign="top" align="left"> The investment adviser has contractually agreed to limit certain "fund operating expenses" incurred by the fund that exceed an annual rate of 0.15% through 6/30/2015, and 0.30% from 7/1/2015 through 6/30/2023. The agreement will terminate: (i) if the investment advisory agreement is terminated, or (ii) upon ninety days' prior written notice by the Pacific Life Funds. The investment adviser may recoup amounts reimbursed in future periods, not to exceed 3 years from the end of the fiscal year in which the reimbursement took place, provided that the recoupment would not cause the fund to exceed the expense cap. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="53%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="16"> Your expenses (in dollars) if you SELL your shares at the end of each period.</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">675</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">708</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">308</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">158</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">953</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,056</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">656</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">504</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,265</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,345</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,145</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">888</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,147</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,302</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td><td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,492</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,965</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="53%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="16">Your expenses (in dollars) if you DON'T SELL your shares at the end of each period.</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">675</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">208</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">208</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">158</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">953</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">656</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">656</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">504</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,265</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,145</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,145</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td><td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">888</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,147</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,302</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,492</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,965</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table></div> <div style="position: relative; padding-bottom: 8px; WIDTH: 48%; padding-right: 9px; FLOAT: right; overflow: hidden; padding-top: 3px"> PL Portfolio Optimization Moderate-Conservative Fund Annual fund operating expenses1 (expenses that you pay each year as a percentage of the value of your investment)   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="45%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="1%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Management Fee</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Distribution (12b-1) and/or Service Fees</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.25%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.00%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.00%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.50%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Other Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.28%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.28%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.28%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.28%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Acquired Funds Fees and Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.75%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.75%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.75%</td><td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.75%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Total Annual Fund Operating Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.48%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.23%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.23%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.73%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Expense Reimbursement2</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.13%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.13%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.13%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.13%)</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Total Annual Fund Operating Expenses after Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.35%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.10%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.10%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.60%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="10" align="left">1 </td> <td valign="top" align="left"> The expense information has been restated to reflect current fees. </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="10" align="left">2 </td> <td valign="top" align="left"> The investment adviser has contractually agreed to limit certain "fund operating expenses" incurred by the fund that exceed an annual rate of 0.15% through 6/30/2015, and 0.30% from 7/1/2015 through 6/30/2023. The agreement will terminate: (i) if the investment advisory agreement is terminated, or (ii) upon ninety days' prior written notice by the Pacific Life Funds. The investment adviser may recoup amounts reimbursed in future periods, not to exceed 3 years from the end of the fiscal year in which the reimbursement took place, provided that the recoupment would not cause the fund to exceed the expense cap. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="53%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="16">Your expenses (in dollars) if you SELL your shares at the end of each period.</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">680</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">713</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">313</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">163</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">967</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,072</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">672</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">519</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,290</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,371</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,171</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">914</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,200</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,354</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,544</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,019</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="53%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="16">Your expenses (in dollars) if you DON'T SELL your shares at the end of each period.</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">680</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">213</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">213</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">163</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">967</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">672</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">672</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">519</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,290</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,171</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,171</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">914</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,200</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,354</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,544</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,019</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table></div> <div style="HEIGHT: 0px; CLEAR: both; FONT-SIZE: 0px"> </div> <div style="position: relative; padding-bottom: 8px; WIDTH: 48%; padding-right: 9px; FLOAT: left; overflow: hidden; margin-right: 1%; padding-top: 3px"> PL Portfolio Optimization Moderate Fund Annual fund operating expenses1 (expenses that you pay each year as a percentage of the value of your investment)   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="45%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="1%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Management Fee</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Distribution (12b-1) and/or Service Fees</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.25%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.00%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.00%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.50%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Other Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.27%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.27%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.27%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.27%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Acquired Funds Fees and Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.80%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.80%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.80%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.80%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Total Annual Fund Operating Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.52%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.27%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.27%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.77%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Expense Reimbursement2</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.12%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.12%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.12%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.12%)</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Total Annual Fund Operating Expenses after Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.40%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.15%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.15%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.65%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="10" align="left">1 </td> <td valign="top" align="left"> The expense information has been restated to reflect current fees. </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="10" align="left">2 </td> <td valign="top" align="left"> The investment adviser has contractually agreed to limit certain "fund operating expenses" incurred by the fund that exceed an annual rate of 0.15% through 6/30/2015, and 0.30% from 7/1/2015 through 6/30/2023. The agreement will terminate: (i) if the investment advisory agreement is terminated, or (ii) upon ninety days' prior written notice by the Pacific Life Funds. The investment adviser may recoup amounts reimbursed in future periods, not to exceed 3 years from the end of the fiscal year in which the reimbursement took place, provided that the recoupment would not cause the fund to exceed the expense cap. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="53%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="16">Your expenses (in dollars) if you SELL your shares at the end of each period.</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">685</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">718</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">318</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">168</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">981</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td><td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,086</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">686</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">533</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,311</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,393</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,193</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">936</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,243</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,397</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,586</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,063</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="53%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="16">Your expenses (in dollars) if you DON'T SELL your shares at the end of each period.</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">685</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">218</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">218</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">168</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">981</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">686</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">686</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">533</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,311</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,193</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,193</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">936</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,243</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,397</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,586</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,063</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table></div> <div style="position: relative; padding-bottom: 8px; WIDTH: 48%; padding-right: 9px; FLOAT: right; overflow: hidden; padding-top: 3px"> PL Portfolio Optimization Moderate-Aggressive Fund Annual fund operating expenses1 (expenses that you pay each year as a percentage of the value of your investment)   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="45%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="1%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Management Fee</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Distribution (12b-1) and/or Service Fees</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.25%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.00%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.00%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.50%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Other Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.27%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.27%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.27%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.27%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Acquired Funds Fees and Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.84%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.84%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.84%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.84%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Total Annual Fund Operating Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.56%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.31%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.31%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.81%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Expense Reimbursement2</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.12%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.12%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.12%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.12%)</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Total Annual Fund Operating Expenses after Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.44%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.19%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.19%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.69%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="10" align="left">1 </td> <td valign="top" align="left"> The expense information has been restated to reflect current fees. </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="10" align="left">2 </td> <td valign="top" align="left"> The investment adviser has contractually agreed to limit certain "fund operating expenses" incurred by the fund that exceed an annual rate of 0.15% through 6/30/2015, and 0.30% from 7/1/2015 through 6/30/2023. The agreement will terminate: (i) if the investment advisory agreement is terminated, or (ii) upon ninety days' prior written notice by the Pacific Life Funds. The investment adviser may recoup amounts reimbursed in future periods, not to exceed 3 years from the end of the fiscal year in which the reimbursement took place, provided that the recoupment would not cause the fund to exceed the expense cap. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="53%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="16">Your expenses (in dollars) if you SELL your shares at the end of each period.</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">689</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">722</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">322</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">172</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">993</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,098</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">698</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">546</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,331</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,413</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,213</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">957</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,285</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,439</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,627</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,106</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="53%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td></tr> <tr> <td style="border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="16">Your expenses (in dollars) if you DON'T SELL your shares at the end of each period.</td> <td style="padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">689</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">222</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">222</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">172</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">993</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">698</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">698</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">546</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,331</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,213</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,213</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">957</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top"> 10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,285</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,439</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,627</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,106</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table></div> <div style="position: relative; padding-bottom: 8px; WIDTH: 48%; padding-right: 9px; FLOAT: left; OVERFLOW: hidden; margin-right: 1%; padding-top: 3px"> PL Portfolio Optimization Aggressive Fund Annual fund operating expenses1 (expenses that you pay each year as a percentage of the value of your investment)   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="45%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="1%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top">Management Fee</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.20%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top">Distribution (12b-1) and/or Service Fees</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.25%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.00%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.00%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.50%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Other Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.29%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.29%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.29%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.29%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top">Acquired Funds Fees and Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.87%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.87%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.87%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">0.87%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top"> Total Annual Fund Operating Expenses</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.61%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.36%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.36%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.86%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top">Expense Reimbursement2</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.14%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.14%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.14%)</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">(0.14%)</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-right: #000000 1px solid" valign="top">Total Annual Fund Operating Expenses after Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.47%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.22%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">2.22%</td> <td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid" valign="bottom" align="right">1.72%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="10" align="left">1 </td> <td valign="top" align="left"> The expense information has been restated to reflect current fees. </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="10" align="left">2 </td> <td valign="top" align="left"> The investment adviser has contractually agreed to limit certain "fund operating expenses" incurred by the fund that exceed an annual rate of 0.15% through 6/30/2015, and 0.30% from 7/1/2015 through 6/30/2023. The agreement will terminate: (i) if the investment advisory agreement is terminated, or (ii) upon ninety days' prior written notice by the Pacific Life Funds. The investment adviser may recoup amounts reimbursed in future periods, not to exceed 3 years from the end of the fiscal year in which the reimbursement took place, provided that the recoupment would not cause the fund to exceed the expense cap. </td></tr></table></div> <div style="position: relative; padding-bottom: 8px; WIDTH: 48%; padding-right: 9px; FLOAT: right; OVERFLOW: hidden; padding-top: 3px">       <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="53%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="16">Your expenses (in dollars) if you SELL your shares at the end of each period.</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">691</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">725</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">325</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">175</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,004</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,109</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">709</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">557</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,352</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,434</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,234</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">979</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,333</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,487</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,674</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,156</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="53%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="16">Your expenses (in dollars) if you DON'T SELL your shares at the end of each period.</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="14" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">A</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">B</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">C</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">R</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">691</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">225</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">225</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">175</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,004</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">709</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">709</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">557</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,352</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,234</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,234</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">979</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,333</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,487</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,674</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">2,156</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table></div> <div style="HEIGHT: 0px; CLEAR: both; FONT-SIZE: 0px"> </div>   The second sentence of the second paragraph of each PL Portfolio Optimization Fund's Principal investment strategies subsection is replaced with the following: Within the broad asset classes of debt and equity, the fund diversifies its holdings by investing in Underlying Funds that represent a variety of investment styles and security types, including alternative or non-traditional investment strategies. Alternative or non-traditional investment strategies generally are expected to have low to moderate correlation to traditional equity and fixed income investments and, as a result, may offer diversification benefits. In the same subsection, the following is added as the fourth paragraph: The portion of the fund invested in alternative or non-traditional investment strategies may be allocated to Underlying Funds that, in turn, invest in equity or debt securities or other instruments, which may include, among others:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Forward foreign currency contracts; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Foreign currency options; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> High yield debt securities; </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Swaps (such as interest rate, cross-currency, total return and credit default swaps); </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Futures on securities, indexes, currencies and other investments; and </td></tr></table> <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Precious metals-related equity securities. </td></tr></table> In the same subsection, the first sentence of the current fourth paragraph is replaced with the following: The fund may also, at any time invest in Underlying Funds that hold other debt or equity securities or other instruments.  The following is added to each PL Portfolio Optimization Fund's Principal risks from holdings in Underlying Funds subsection:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Correlation Risk: While the performance of an Underlying Fund that represents an alternative or non-traditional investment strategy is generally expected to have low to moderate correlation with the performance of traditional equity and fixed income investments over long-term periods, the actual performance of such Underlying Fund may be correlated with those traditional investments over short- or long-term periods. Should there be periods when such Underlying Fund's performance is correlated with those traditional investments, any intended diversification effect of including such alternative or non-traditional Underlying Fund as part of an asset allocation strategy may not be achieved, thereby resulting in increased volatility of an asset allocation strategy that includes the Underlying Fund. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Non-Diversification Risk: An Underlying Fund that is classified as non-diversified may invest a greater percentage of its assets in a single issuer or a fewer number of issuers than a diversified fund. This increases potential price volatility and the risk that its value could go down because of the poor performance of a single investment or a small number of investments. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Regulatory Impact Risk: Certain financial instruments are subject to extensive government regulation, which may change frequently and impact a fund significantly. </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Short Exposure Risk: When a fund takes a short position using derivative instruments in anticipation of a decline in the market price (i.e., spot price or spot rate) of the underlying reference asset, such as entering into a derivative contract to sell a currency at a predetermined price for future delivery (forward foreign currency contract) in anticipation of a decline in the market price of the underlying currency, it is subject to the risk that the reference asset will increase in value, resulting in a loss. Such loss is theoretically unlimited. Short positions also may expose the fund to leverage risk. </td></tr></table> PL Portfolio Optimization Conservative Fund: Mid-Capitalization Companies Risk and Short Sale Risk are deleted from the Principal risks from holdings in Underlying Funds subsection. PL Portfolio Optimization Moderate-Conservative Fund: Inflation-Indexed Debt Securities Risk and Short Sale Risk are deleted from the Principal risks from holdings in Underlying Funds subsection. PL Portfolio Optimization Moderate Fund: Short Sale Risk is deleted from the Principal risks from holdings in Underlying Funds subsection and the following is added:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> High-Yield or "Junk" Securities Risk: High yield securities are typically issued by companies that are highly leveraged, less creditworthy or financially distressed and are considered to be mostly speculative in nature (high risk), potentially less liquid, and subject to a greater risk of loss, that is they are more likely to default than higher rated securities. </td></tr></table> PL Portfolio Optimization Aggressive Fund: The following is added to the Principal risks from holdings in Underlying Funds subsection:   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> U.S. Government Securities Risk: Not all U.S. government securities are backed or guaranteed by the U.S. government and different U.S. government securities are subject to varying degrees of credit risk. There is risk that the U.S. government will not provide financial support to U.S. government agencies, instrumentalities or sponsored enterprises if it is not obligated to do so by law. </td></tr></table> <div style="font-family: Arial, Helvetica; background-image: none; background-attachment: scroll; margin-left: 0%; font-size: 16pt; margin-right: 0%; background-position: 0% 0%; background-repeat: repeat repeat;" align="left">PL Short Duration Income Fund, PL Income Fund, PL Strategic Income Fund, PL Floating Rate Income Fund, and PL High Income Fund: </div>Effective October 1, 2012, the Advisor Class Service Plan was terminated and the related 0.25% service fee imposed under that plan was eliminated. All references and information relating to the Advisor Class Service Plan were deleted. For each Fund, the Advisor Share Class column in the Annual fund operating expenses table and expense Examples ("Fee Tables") was updated with the below. All other information in the Fee Tables, including related footnotes, has not changed.   <div style="position: relative; padding-bottom: 8px; WIDTH: 48%; padding-RIGHT: 9px; FLOAT: left; OVERFLOW: hidden; margin-RIGHT: 1%; padding-top: 3px"> PL Short Duration Income Fund Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="80%"></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td valign="bottom" width="6%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-LEFT: #000000 1px solid; padding-LEFT: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-RIGHT: 8px; border-top: #000000 1px solid; border-RIGHT: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-LEFT: #000000 1px solid; padding-LEFT: 8px; border-top: #000000 1px solid; border-RIGHT: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-LEFT: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Advisor</td> <td style="border-bottom: #000000 1px solid; padding-RIGHT: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-LEFT: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Management Fee</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.40%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Distribution (12b-1) and/or Service Fees</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.00%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Other Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.58%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Acquired Fund Fees and Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.01%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Total Annual Fund Operating Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.99%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">(0.38%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">) </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Total Annual Fund Operating Expenses After Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.61%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="80%"></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td valign="bottom" width="7%"></td></tr> <tr> <td style="border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="4">Your expenses (in dollars) if you SELL or DON'T SELL your shares at the end of each period</td> <td style="padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Advisor</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">62</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">195</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">430</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,103</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>PL Income Fund Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="80%"></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td valign="bottom" width="6%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Advisor</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Management Fee</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.50%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Distribution (12b-1) and/or Service Fees</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.00%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Other Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.51%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Acquired Fund Fees and Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.01%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Total Annual Fund Operating Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1.02%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">(0.36%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">) </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Total Annual Fund Operating Expenses After Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.66%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="80%"></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td valign="bottom" width="7%"></td></tr> <tr> <td style="border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="4">Your expenses (in dollars) if you SELL or DON'T SELL your shares at the end of each period</td> <td style="padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Advisor</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">62</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">201</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">442</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,135</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   </div> <div style="position: relative; padding-bottom: 8px; WIDTH: 48%; padding-right: 9px; FLOAT: right; OVERFLOW: hidden; padding-top: 3px"> PL Strategic Income Fund Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="80%"></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td valign="bottom" width="6%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Advisor</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Management Fee</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.60%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Distribution (12b-1) Service Fees</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.00%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Other Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.55%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Acquired Fund Fees and Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.05%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Total Annual Fund Operating Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1.20%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">(0.35%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">) </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Total Annual Fund Operating Expenses After Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.85%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="80%"></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td valign="bottom" width="7%"></td></tr> <tr> <td style="border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="4">Your expenses (in dollars) if you SELL or DON'T SELL your shares at the end of each period</td> <td style="padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Advisor</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">87</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">271</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">553</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,356</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>PL Floating Rate Income Fund Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="80%"></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td valign="bottom" width="6%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Advisor</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Management Fee</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.65%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Distribution (12b-1) and/or Service Fees</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.00%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Other Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.43%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Acquired Fund Fees and Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.01%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Total Annual Fund Operating Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1.09%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">(0.28%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">) </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Total Annual Fund Operating Expenses After Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.81%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="80%"></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td valign="bottom" width="7%"></td></tr> <tr> <td style="border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="4">Your expenses (in dollars) if you SELL or DON'T SELL your shares at the end of each period</td> <td style="padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Advisor</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">83</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">264</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">520</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,254</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>  </div> <div style="HEIGHT: 0px; CLEAR: both; font-size: 0px"> </div>   <div style="position: relative; padding-bottom: 8px; WIDTH: 48%; padding-right: 9px; FLOAT: left; OVERFLOW: hidden; margin-right: 1%; padding-top: 3px"> PL High Income Fund Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="80%"></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td valign="bottom" width="6%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Advisor</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Management Fee</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.60%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Distribution (12b-1) and/or Service Fees</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.00%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Other Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.67%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Total Annual Fund Operating Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1.27%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">(0.47%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">) </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Total Annual Fund Operating Expenses After Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.80%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   </div> <div style="position: relative; padding-bottom: 8px; WIDTH: 48%; padding-right: 9px; FLOAT: right; OVERFLOW: hidden; padding-top: 3px">     <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="80%"></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td valign="bottom" width="7%"></td></tr> <tr> <td style="border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="4">Your expenses (in dollars) if you SELL or DON'T SELL your shares at the end of each period</td> <td style="padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Advisor</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">82</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">255</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">554</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,402</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table></div> 0.004 0 0.0058 0.0001 0.0099 -0.0038 0.0061 62 195 430 1103 62 195 430 1103 Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) Your expenses (in dollars) if you SELL your shares at the end of each period Your expenses (in dollars) if you DON'T SELL your shares at the end of each period 0.006 0 0.0055 0.0005 0.012 -0.0035 0.0085 87 271 553 1356 87 271 553 1356 Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) Your expenses (in dollars) if you SELL your shares at the end of each period Your expenses (in dollars) if you DON'T SELL your shares at the end of each period SUPPLEMENT DATED NOVEMBER 30, 2012 TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS A, B, C, I, R AND ADVISOR SHARES DATED JULY 1, 2012 This supplement revises the Pacific Life Funds Class A, B, C, I, R and Advisor Shares prospectus dated July 1, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of commencement of operations for the PL Currency Strategies Fund, PL Global Absolute Return Fund, and PL Precious Metals Fund (expected to be December 7, 2012), unless otherwise noted. Remember to review the Prospectus for other important information. Disclosure Changes to the Fund Summaries section PL Short Duration Income Fund, PL Income Fund, PL Strategic Income Fund, PL Floating Rate Income Fund, and PL High Income Fund: Effective October 1, 2012, the Advisor Class Service Plan was terminated and the related 0.25% service fee imposed under that plan was eliminated. All references and information relating to the Advisor Class Service Plan were deleted. For each Fund, the Advisor Share Class column in the Annual fund operating expenses table and expense Examples ("Fee Tables") was updated with the below. All other information in the Fee Tables, including related footnotes, has not changed. <div style="font-family: Arial, Helvetica; background-image: none; background-attachment: scroll; margin-left: 0%; font-size: 16pt; margin-right: 0%; background-position: 0% 0%; background-repeat: repeat repeat;" align="left"> PL Strategic Income Fund Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="80%"></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td valign="bottom" width="6%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Advisor</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Management Fee</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.60%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Distribution (12b-1) Service Fees</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.00%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Other Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.55%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Acquired Fund Fees and Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.05%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Total Annual Fund Operating Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1.20%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">(0.35%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">) </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Total Annual Fund Operating Expenses After Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.85%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="80%"></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td valign="bottom" width="7%"></td></tr> <tr> <td style="border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="4">Your expenses (in dollars) if you SELL or DON'T SELL your shares at the end of each period</td> <td style="padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Advisor</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">87</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">271</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">553</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,356</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table></div> 0.005 0 0.0051 0.0001 0.0102 -0.0036 0.0066 62 201 442 1135 62 201 442 1135 Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) Your expenses (in dollars) if you SELL your shares at the end of each period Your expenses (in dollars) if you DON'T SELL your shares at the end of each period SUPPLEMENT DATED NOVEMBER 30, 2012 TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS A, B, C, I, R AND ADVISOR SHARES DATED JULY 1, 2012 This supplement revises the Pacific Life Funds Class A, B, C, I, R and Advisor Shares prospectus dated July 1, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of commencement of operations for the PL Currency Strategies Fund, PL Global Absolute Return Fund, and PL Precious Metals Fund (expected to be December 7, 2012), unless otherwise noted. Remember to review the Prospectus for other important information. Disclosure Changes to the Fund Summaries section <div style="font-family: Arial, Helvetica; background-image: none; background-attachment: scroll; margin-left: 0%; font-size: 16pt; margin-right: 0%; background-position: 0% 0%; background-repeat: repeat repeat;" align="left">PL Short Duration Income Fund, PL Income Fund, PL Strategic Income Fund, PL Floating Rate Income Fund, and PL High Income Fund: Effective October 1, 2012, the Advisor Class Service Plan was terminated and the related 0.25% service fee imposed under that plan was eliminated. All references and information relating to the Advisor Class Service Plan were deleted. For each Fund, the Advisor Share Class column in the Annual fund operating expenses table and expense Examples ("Fee Tables") was updated with the below. All other information in the Fee Tables, including related footnotes, has not changed. </div><div style="font-family: Arial, Helvetica; background-image: none; background-attachment: scroll; margin-left: 0%; font-size: 16pt; margin-right: 0%; background-position: 0% 0%; background-repeat: repeat repeat;" align="left">PL Income Fund Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="80%"></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td valign="bottom" width="6%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Advisor</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Management Fee</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.50%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Distribution (12b-1) and/or Service Fees</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.00%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Other Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.51%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Acquired Fund Fees and Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.01%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Total Annual Fund Operating Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1.02%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">(0.36%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">) </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Total Annual Fund Operating Expenses After Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.66%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="80%"></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td valign="bottom" width="7%"></td></tr> <tr> <td style="border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="4">Your expenses (in dollars) if you SELL or DON'T SELL your shares at the end of each period</td> <td style="padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Advisor</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">62</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">201</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">442</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,135</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   </div> 0.0065 0 0.0043 0.0001 0.0109 -0.0028 0.0081 83 264 520 1254 83 264 520 1254 Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) Your expenses (in dollars) if you SELL your shares at the end of each period Your expenses (in dollars) if you DON'T SELL your shares at the end of each period SUPPLEMENT DATED NOVEMBER 30, 2012 TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS A, B, C, I, R AND ADVISOR SHARES DATED JULY 1, 2012 This supplement revises the Pacific Life Funds Class A, B, C, I, R and Advisor Shares prospectus dated July 1, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of commencement of operations for the PL Currency Strategies Fund, PL Global Absolute Return Fund, and PL Precious Metals Fund (expected to be December 7, 2012), unless otherwise noted. Remember to review the Prospectus for other important information. Disclosure Changes to the Fund Summaries section <div style="font-family: Arial, Helvetica; background-image: none; background-attachment: scroll; margin-left: 0%; font-size: 16pt; margin-right: 0%; background-position: 0% 0%; background-repeat: repeat repeat;" align="left">PL Short Duration Income Fund, PL Income Fund, PL Strategic Income Fund, PL Floating Rate Income Fund, and PL High Income Fund: Effective October 1, 2012, the Advisor Class Service Plan was terminated and the related 0.25% service fee imposed under that plan was eliminated. All references and information relating to the Advisor Class Service Plan were deleted. For each Fund, the Advisor Share Class column in the Annual fund operating expenses table and expense Examples ("Fee Tables") was updated with the below. All other information in the Fee Tables, including related footnotes, has not changed. </div> <div style="font-family: Arial, Helvetica; background-image: none; background-attachment: scroll; margin-left: 0%; font-size: 16pt; margin-right: 0%; background-position: 0% 0%; background-repeat: repeat repeat;" align="left">PL Floating Rate Income Fund Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="80%"></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td valign="bottom" width="6%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Advisor</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Management Fee</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.65%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Distribution (12b-1) and/or Service Fees</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.00%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Other Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.43%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Acquired Fund Fees and Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.01%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Total Annual Fund Operating Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1.09%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">(0.28%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">) </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Total Annual Fund Operating Expenses After Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.81%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="80%"></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td valign="bottom" width="7%"></td></tr> <tr> <td style="border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="4">Your expenses (in dollars) if you SELL or DON'T SELL your shares at the end of each period</td> <td style="padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Advisor</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">83</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">264</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">520</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,254</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table></div> SUPPLEMENT DATED NOVEMBER 30, 2012 TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS A, B, C, I, R AND ADVISOR SHARES DATED JULY 1, 2012 This supplement revises the Pacific Life Funds Class A, B, C, I, R and Advisor Shares prospectus dated July 1, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of commencement of operations for the PL Currency Strategies Fund, PL Global Absolute Return Fund, and PL Precious Metals Fund (expected to be December 7, 2012), unless otherwise noted. Remember to review the Prospectus for other important information. Disclosure Changes to the Fund Summaries section <div style="font-family: Arial, Helvetica; background-image: none; background-attachment: scroll; margin-left: 0%; font-size: 16pt; margin-right: 0%; background-position: 0% 0%; background-repeat: repeat repeat;" align="left">PL Short Duration Income Fund, PL Income Fund, PL Strategic Income Fund, PL Floating Rate Income Fund, and PL High Income Fund: </div>Effective October 1, 2012, the Advisor Class Service Plan was terminated and the related 0.25% service fee imposed under that plan was eliminated. All references and information relating to the Advisor Class Service Plan were deleted. For each Fund, the Advisor Share Class column in the Annual fund operating expenses table and expense Examples ("Fee Tables") was updated with the below. All other information in the Fee Tables, including related footnotes, has not changed.   <div style="font-family: Arial, Helvetica; background-image: none; background-attachment: scroll; margin-left: 0%; font-size: 16pt; margin-right: 0%; background-position: 0% 0%; background-repeat: repeat repeat;" align="left">PL Short Duration Income Fund Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="80%"></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td valign="bottom" width="6%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-LEFT: #000000 1px solid; padding-LEFT: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-RIGHT: 8px; border-top: #000000 1px solid; border-RIGHT: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-LEFT: #000000 1px solid; padding-LEFT: 8px; border-top: #000000 1px solid; border-RIGHT: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-LEFT: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Advisor</td> <td style="border-bottom: #000000 1px solid; padding-RIGHT: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-LEFT: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Management Fee</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.40%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Distribution (12b-1) and/or Service Fees</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.00%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Other Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.58%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Acquired Fund Fees and Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.01%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Total Annual Fund Operating Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.99%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">(0.38%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">) </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Total Annual Fund Operating Expenses After Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.61%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="80%"></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td valign="bottom" width="7%"></td></tr> <tr> <td style="border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="4">Your expenses (in dollars) if you SELL or DON'T SELL your shares at the end of each period</td> <td style="padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Advisor</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">62</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">195</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">430</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,103</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table></div> 0.006 0 0.0067 0.0127 -0.0047 0.008 82 255 554 1402 82 255 554 1402 SUPPLEMENT DATED NOVEMBER 30, 2012 TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS A, B, C, I, R AND ADVISOR SHARES DATED JULY 1, 2012 This supplement revises the Pacific Life Funds Class A, B, C, I, R and Advisor Shares prospectus dated July 1, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of commencement of operations for the PL Currency Strategies Fund, PL Global Absolute Return Fund, and PL Precious Metals Fund (expected to be December 7, 2012), unless otherwise noted. Remember to review the Prospectus for other important information. Disclosure Changes to the Fund Summaries section <div style="font-family: Arial, Helvetica; background-image: none; background-attachment: scroll; margin-left: 0%; font-size: 16pt; margin-right: 0%; background-position: 0% 0%; background-repeat: repeat repeat;" align="left">PL Short Duration Income Fund, PL Income Fund, PL Strategic Income Fund, PL Floating Rate Income Fund, and PL High Income Fund: Effective October 1, 2012, the Advisor Class Service Plan was terminated and the related 0.25% service fee imposed under that plan was eliminated. All references and information relating to the Advisor Class Service Plan were deleted. For each Fund, the Advisor Share Class column in the Annual fund operating expenses table and expense Examples ("Fee Tables") was updated with the below. All other information in the Fee Tables, including related footnotes, has not changed. </div> <div style="position: relative; padding-bottom: 8px; WIDTH: 48%; padding-right: 9px; FLOAT: left; OVERFLOW: hidden; margin-right: 1%; padding-top: 3px"> PL High Income Fund Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)   <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="80%"></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td valign="bottom" width="6%"></td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Advisor</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Management Fee</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.60%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Distribution (12b-1) and/or Service Fees</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.00%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Other Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.67%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Total Annual Fund Operating Expenses</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1.27%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">(0.47%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">) </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">Total Annual Fund Operating Expenses After Expense Reimbursement</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">0.80%</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table>   </div> <div style="position: relative; padding-bottom: 8px; WIDTH: 48%; padding-right: 9px; FLOAT: right; OVERFLOW: hidden; padding-top: 3px">     <table style="border-collapse: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="80%"></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td valign="bottom" width="7%"></td></tr> <tr> <td style="border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="top" colspan="4">Your expenses (in dollars) if you SELL or DON'T SELL your shares at the end of each period</td> <td style="padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">   </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Share Class</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" colspan="2" align="center">Advisor</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom"> </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">1 year</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">82</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">3 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">255</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">5 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">554</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr> <tr> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; padding-left: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="top">10 years</td> <td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid; border-top: #000000 1px solid" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom">$</td> <td style="border-bottom: #000000 1px solid; border-top: #000000 1px solid" valign="bottom" align="right">1,402</td> <td style="border-bottom: #000000 1px solid; padding-right: 8px; border-top: #000000 1px solid; border-right: #000000 1px solid" valign="bottom" nowrap="nowrap">  </td></tr></table></div> Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) Your expenses (in dollars) if you SELL your shares at the end of each period Your expenses (in dollars) if you DON'T SELL your shares at the end of each period The expense information has been restated to reflect current fees.