0001193125-13-010783.txt : 20130111 0001193125-13-010783.hdr.sgml : 20130111 20130111163045 ACCESSION NUMBER: 0001193125-13-010783 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 20130111 DATE AS OF CHANGE: 20130111 EFFECTIVENESS DATE: 20130111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PACIFIC LIFE FUNDS CENTRAL INDEX KEY: 0001137761 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-61366 FILM NUMBER: 13525744 BUSINESS ADDRESS: STREET 1: 700 NEWPORT CENTER DRIVE STREET 2: POST OFFFICE BOX 7500 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 9492193233 MAIL ADDRESS: STREET 1: 700 NEWPORT CENTER DRIVE CITY: NEWPORT BEACH STATE: CA ZIP: 92660 FORMER COMPANY: FORMER CONFORMED NAME: PACIFIC FUNDS DATE OF NAME CHANGE: 20010405 0001137761 S000001888 PL INTERNATIONAL VALUE FUND C000004964 CLASS P (FORMERLY CLASS A) 0001137761 S000001889 PL INTERNATIONAL LARGE-CAP FUND C000004967 CLASS P (FORMERLY CLASS A) 0001137761 S000001890 PL SMALL-CAP GROWTH FUND C000004970 CLASS P (FORMERLY CLASS A) 0001137761 S000001891 PL MAIN STREET CORE FUND C000004973 CLASS P (FORMERLY CLASS A) 0001137761 S000001892 PL EMERGING MARKETS FUND C000004974 CLASS P (FORMERLY CLASS A) 0001137761 S000001893 PL MANAGED BOND FUND C000004975 CLASS P (FORMERLY CLASS A) 0001137761 S000001896 PL LARGE-CAP VALUE FUND C000004984 CLASS P (FORMERLY CLASS A) 0001137761 S000001897 PL COMSTOCK FUND C000004987 CLASS P (FORMERLY CLASS A) 0001137761 S000001899 PL MID-CAP GROWTH FUND C000004994 CLASS P (FORMERLY CLASS A) 0001137761 S000001904 PL LARGE-CAP GROWTH FUND C000005012 CLASS P (FORMERLY CLASS A) 0001137761 S000001905 PL SHORT DURATION BOND FUND C000005015 CLASS P (FORMERLY CLASS A) 0001137761 S000001906 PL GROWTH LT FUND C000005018 CLASS P (FORMERLY CLASS A) 0001137761 S000001907 PL MID-CAP EQUITY FUND C000005021 CLASS P (FORMERLY CLASS A) 0001137761 S000017795 PL Small-Cap Value Fund C000049251 CLASS P (FORMERLY CLASS A) 497 1 d460604d497.htm PACIFIC LIFE FUNDS Pacific Life Funds

LOGO

January 11, 2013

Via EDGAR

Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C., 20549

Re: Pacific Life Funds

(File Nos. 333-61366 and 811-10385)

Dear Sir or Madam:

On behalf of Pacific Life Funds (the “Trust”), transmitted herewith for filing pursuant to Rule 497 under the Securities Act of 1933, as amended (“Rule 497”), is the exhibit in the eXtensible Business Reporting Language (XBRL) format that reflects the risk/return summary information included in the prospectus supplement filed pursuant to Rule 497 on December 28, 2012 (accession number 0001193125-12-517567), to the Pacific Life Funds Prospectus dated December 19, 2012 for the PL Floating Rate Income Fund and July 1, 2012 for all other funds. Such supplement is incorporated by reference into this Rule 497 document.

If you have any questions or comments, please contact the undersigned at (949) 219-3391 or by e-mail at jglallande@pacificlife.com.

Sincerely,

/s/ J. G. Lallande

J.G. Lallande, Esq.,

Fund Counsel

 

cc: Audrey L. Cheng, Esq., Fund Counsel
  Anthony H. Zacharski, Esq., Dechert LLP
EX-101.INS 2 plf6-20121228.xml XBRL INSTANCE DOCUMENT 0001137761 2011-12-29 2012-12-28 0001137761 plf6:S000001897Member 2011-12-29 2012-12-28 0001137761 plf6:S000001888Member 2011-12-29 2012-12-28 0001137761 plf6:S000001889Member 2011-12-29 2012-12-28 0001137761 plf6:S000001890Member 2011-12-29 2012-12-28 0001137761 plf6:S000001891Member 2011-12-29 2012-12-28 0001137761 plf6:S000001892Member 2011-12-29 2012-12-28 0001137761 plf6:S000001893Member 2011-12-29 2012-12-28 0001137761 plf6:S000001896Member 2011-12-29 2012-12-28 0001137761 plf6:S000001899Member 2011-12-29 2012-12-28 0001137761 plf6:S000001904Member 2011-12-29 2012-12-28 0001137761 plf6:S000001905Member 2011-12-29 2012-12-28 0001137761 plf6:S000001906Member 2011-12-29 2012-12-28 0001137761 plf6:S000001907Member 2011-12-29 2012-12-28 0001137761 plf6:S000017795Member 2011-12-29 2012-12-28 2012-12-28 PACIFIC LIFE FUNDS 0001137761 2012-12-28 2012-12-28 2012-03-31 false Other <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>SUPPLEMENT DATED DECEMBER 28, 2012</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>AND JULY 1, 2012 FOR ALL OTHER FUNDS</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;">This supplement revises the Pacific Life Funds Class P Shares prospectus dated December&nbsp;19, 2012 for the PL Floating Rate Income Fund and July&nbsp;1, 2012 for all other funds, as supplemented December&nbsp;19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"></p> <p align="center" style=" margin-top: 24px; margin-bottom: 0px;"><b><u>Disclosure Changes to the&nbsp;</u></b><b><u>Fund Summaries</u></b><b><u>&nbsp;section</u></b></p> <p style=" margin-top: 12px; margin-bottom: 0px; padding-bottom: 0px;">The existing Redemption Risk is deleted from the&nbsp;Principal risks&nbsp;subsections and replaced with the risk information below for the following funds:&nbsp;<b>PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL&nbsp;Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street<sup style="vertical-align: baseline; position: relative; bottom: 0.8ex;">&#174;</sup>&nbsp;Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL&nbsp;Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL&nbsp;International Value Fund:</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;"><b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>SUPPLEMENT DATED DECEMBER 28, 2012</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>AND JULY 1, 2012 FOR ALL OTHER FUNDS</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;">This supplement revises the Pacific Life Funds Class P Shares prospectus dated December&nbsp;19, 2012 for the PL Floating Rate Income Fund and July&nbsp;1, 2012 for all other funds, as supplemented December&nbsp;19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"></p> <p align="center" style=" margin-top: 24px; margin-bottom: 0px;"><b><u>Disclosure Changes to the&nbsp;</u></b><b><u>Fund Summaries</u></b><b><u>&nbsp;section</u></b></p> <p style=" margin-top: 12px; margin-bottom: 0px; padding-bottom: 0px;">The existing Redemption Risk is deleted from the&nbsp;Principal risks&nbsp;subsections and replaced with the risk information below for the following funds:&nbsp;<b>PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL&nbsp;Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street<sup style="vertical-align: baseline; position: relative; bottom: 0.8ex;">&#174;</sup>&nbsp;Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL&nbsp;Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL&nbsp;International Value Fund:</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;"><b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>SUPPLEMENT DATED DECEMBER 28, 2012</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>AND JULY 1, 2012 FOR ALL OTHER FUNDS</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;">This supplement revises the Pacific Life Funds Class P Shares prospectus dated December&nbsp;19, 2012 for the PL Floating Rate Income Fund and July&nbsp;1, 2012 for all other funds, as supplemented December&nbsp;19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"></p> <p align="center" style=" margin-top: 24px; margin-bottom: 0px;"><b><u>Disclosure Changes to the&nbsp;</u></b><b><u>Fund Summaries</u></b><b><u>&nbsp;section</u></b></p> <p style=" margin-top: 12px; margin-bottom: 0px; padding-bottom: 0px;">The existing Redemption Risk is deleted from the&nbsp;Principal risks&nbsp;subsections and replaced with the risk information below for the following funds:&nbsp;<b>PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL&nbsp;Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street<sup style="vertical-align: baseline; position: relative; bottom: 0.8ex;">&#174;</sup>&nbsp;Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL&nbsp;Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL&nbsp;International Value Fund:</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;"><b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>SUPPLEMENT DATED DECEMBER 28, 2012</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>AND JULY 1, 2012 FOR ALL OTHER FUNDS</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;">This supplement revises the Pacific Life Funds Class P Shares prospectus dated December&nbsp;19, 2012 for the PL Floating Rate Income Fund and July&nbsp;1, 2012 for all other funds, as supplemented December&nbsp;19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"></p> <p align="center" style=" margin-top: 24px; margin-bottom: 0px;"><b><u>Disclosure Changes to the&nbsp;</u></b><b><u>Fund Summaries</u></b><b><u>&nbsp;section</u></b></p> <p style=" margin-top: 12px; margin-bottom: 0px; padding-bottom: 0px;">The existing Redemption Risk is deleted from the&nbsp;Principal risks&nbsp;subsections and replaced with the risk information below for the following funds:&nbsp;<b>PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL&nbsp;Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street<sup style="vertical-align: baseline; position: relative; bottom: 0.8ex;">&#174;</sup>&nbsp;Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL&nbsp;Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL&nbsp;International Value Fund:</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;"><b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>SUPPLEMENT DATED DECEMBER 28, 2012</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>AND JULY 1, 2012 FOR ALL OTHER FUNDS</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;">This supplement revises the Pacific Life Funds Class P Shares prospectus dated December&nbsp;19, 2012 for the PL Floating Rate Income Fund and July&nbsp;1, 2012 for all other funds, as supplemented December&nbsp;19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"></p> <p align="center" style=" margin-top: 24px; margin-bottom: 0px;"><b><u>Disclosure Changes to the&nbsp;</u></b><b><u>Fund Summaries</u></b><b><u>&nbsp;section</u></b></p> <p style=" margin-top: 12px; margin-bottom: 0px; padding-bottom: 0px;">The existing Redemption Risk is deleted from the&nbsp;Principal risks&nbsp;subsections and replaced with the risk information below for the following funds:&nbsp;<b>PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL&nbsp;Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street<sup style="vertical-align: baseline; position: relative; bottom: 0.8ex;">&#174;</sup>&nbsp;Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL&nbsp;Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL&nbsp;International Value Fund:</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;"><b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>SUPPLEMENT DATED DECEMBER 28, 2012</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>AND JULY 1, 2012 FOR ALL OTHER FUNDS</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;">This supplement revises the Pacific Life Funds Class P Shares prospectus dated December&nbsp;19, 2012 for the PL Floating Rate Income Fund and July&nbsp;1, 2012 for all other funds, as supplemented December&nbsp;19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"></p> <p align="center" style=" margin-top: 24px; margin-bottom: 0px;"><b><u>Disclosure Changes to the&nbsp;</u></b><b><u>Fund Summaries</u></b><b><u>&nbsp;section</u></b></p> <p style=" margin-top: 12px; margin-bottom: 0px; padding-bottom: 0px;">The existing Redemption Risk is deleted from the&nbsp;Principal risks&nbsp;subsections and replaced with the risk information below for the following funds:&nbsp;<b>PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL&nbsp;Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street<sup style="vertical-align: baseline; position: relative; bottom: 0.8ex;">&#174;</sup>&nbsp;Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL&nbsp;Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL&nbsp;International Value Fund:</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;"><b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>SUPPLEMENT DATED DECEMBER 28, 2012</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>AND JULY 1, 2012 FOR ALL OTHER FUNDS</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;">This supplement revises the Pacific Life Funds Class P Shares prospectus dated December&nbsp;19, 2012 for the PL Floating Rate Income Fund and July&nbsp;1, 2012 for all other funds, as supplemented December&nbsp;19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"></p> <p align="center" style=" margin-top: 24px; margin-bottom: 0px;"><b><u>Disclosure Changes to the&nbsp;</u></b><b><u>Fund Summaries</u></b><b><u>&nbsp;section</u></b></p> <p style=" margin-top: 12px; margin-bottom: 0px; padding-bottom: 0px;">The existing Redemption Risk is deleted from the&nbsp;Principal risks&nbsp;subsections and replaced with the risk information below for the following funds:&nbsp;<b>PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL&nbsp;Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street<sup style="vertical-align: baseline; position: relative; bottom: 0.8ex;">&#174;</sup>&nbsp;Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL&nbsp;Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL&nbsp;International Value Fund:</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;"><b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>SUPPLEMENT DATED DECEMBER 28, 2012</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>AND JULY 1, 2012 FOR ALL OTHER FUNDS</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;">This supplement revises the Pacific Life Funds Class P Shares prospectus dated December&nbsp;19, 2012 for the PL Floating Rate Income Fund and July&nbsp;1, 2012 for all other funds, as supplemented December&nbsp;19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"></p> <p align="center" style=" margin-top: 24px; margin-bottom: 0px;"><b><u>Disclosure Changes to the&nbsp;</u></b><b><u>Fund Summaries</u></b><b><u>&nbsp;section</u></b></p> <p style=" margin-top: 12px; margin-bottom: 0px; padding-bottom: 0px;">The existing Redemption Risk is deleted from the&nbsp;Principal risks&nbsp;subsections and replaced with the risk information below for the following funds:&nbsp;<b>PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL&nbsp;Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street<sup style="vertical-align: baseline; position: relative; bottom: 0.8ex;">&#174;</sup>&nbsp;Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL&nbsp;Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL&nbsp;International Value Fund:</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;"><b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>SUPPLEMENT DATED DECEMBER 28, 2012</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>AND JULY 1, 2012 FOR ALL OTHER FUNDS</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;">This supplement revises the Pacific Life Funds Class P Shares prospectus dated December&nbsp;19, 2012 for the PL Floating Rate Income Fund and July&nbsp;1, 2012 for all other funds, as supplemented December&nbsp;19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"></p> <p align="center" style=" margin-top: 24px; margin-bottom: 0px;"><b><u>Disclosure Changes to the&nbsp;</u></b><b><u>Fund Summaries</u></b><b><u>&nbsp;section</u></b></p> <p style=" margin-top: 12px; margin-bottom: 0px; padding-bottom: 0px;">The existing Redemption Risk is deleted from the&nbsp;Principal risks&nbsp;subsections and replaced with the risk information below for the following funds:&nbsp;<b>PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL&nbsp;Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street<sup style="vertical-align: baseline; position: relative; bottom: 0.8ex;">&#174;</sup>&nbsp;Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL&nbsp;Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL&nbsp;International Value Fund:</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;"><b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>SUPPLEMENT DATED DECEMBER 28, 2012</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>AND JULY 1, 2012 FOR ALL OTHER FUNDS</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;">This supplement revises the Pacific Life Funds Class P Shares prospectus dated December&nbsp;19, 2012 for the PL Floating Rate Income Fund and July&nbsp;1, 2012 for all other funds, as supplemented December&nbsp;19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"></p> <p align="center" style=" margin-top: 24px; margin-bottom: 0px;"><b><u>Disclosure Changes to the&nbsp;</u></b><b><u>Fund Summaries</u></b><b><u>&nbsp;section</u></b></p> <p style=" margin-top: 12px; margin-bottom: 0px; padding-bottom: 0px;">The existing Redemption Risk is deleted from the&nbsp;Principal risks&nbsp;subsections and replaced with the risk information below for the following funds:&nbsp;<b>PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL&nbsp;Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street<sup style="vertical-align: baseline; position: relative; bottom: 0.8ex;">&#174;</sup>&nbsp;Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL&nbsp;Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL&nbsp;International Value Fund:</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;"><b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>SUPPLEMENT DATED DECEMBER 28, 2012</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>AND JULY 1, 2012 FOR ALL OTHER FUNDS</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;">This supplement revises the Pacific Life Funds Class P Shares prospectus dated December&nbsp;19, 2012 for the PL Floating Rate Income Fund and July&nbsp;1, 2012 for all other funds, as supplemented December&nbsp;19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"></p> <p align="center" style=" margin-top: 24px; margin-bottom: 0px;"><b><u>Disclosure Changes to the&nbsp;</u></b><b><u>Fund Summaries</u></b><b><u>&nbsp;section</u></b></p> <p style=" margin-top: 12px; margin-bottom: 0px; padding-bottom: 0px;">The existing Redemption Risk is deleted from the&nbsp;Principal risks&nbsp;subsections and replaced with the risk information below for the following funds:&nbsp;<b>PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL&nbsp;Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street<sup style="vertical-align: baseline; position: relative; bottom: 0.8ex;">&#174;</sup>&nbsp;Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL&nbsp;Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL&nbsp;International Value Fund:</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;"><b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>SUPPLEMENT DATED DECEMBER 28, 2012</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>AND JULY 1, 2012 FOR ALL OTHER FUNDS</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;">This supplement revises the Pacific Life Funds Class P Shares prospectus dated December&nbsp;19, 2012 for the PL Floating Rate Income Fund and July&nbsp;1, 2012 for all other funds, as supplemented December&nbsp;19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"></p> <p align="center" style=" margin-top: 24px; margin-bottom: 0px;"><b><u>Disclosure Changes to the&nbsp;</u></b><b><u>Fund Summaries</u></b><b><u>&nbsp;section</u></b></p> <p style=" margin-top: 12px; margin-bottom: 0px; padding-bottom: 0px;">The existing Redemption Risk is deleted from the&nbsp;Principal risks&nbsp;subsections and replaced with the risk information below for the following funds:&nbsp;<b>PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL&nbsp;Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street<sup style="vertical-align: baseline; position: relative; bottom: 0.8ex;">&#174;</sup>&nbsp;Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL&nbsp;Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL&nbsp;International Value Fund:</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;"><b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>SUPPLEMENT DATED DECEMBER 28, 2012</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>AND JULY 1, 2012 FOR ALL OTHER FUNDS</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;">This supplement revises the Pacific Life Funds Class P Shares prospectus dated December&nbsp;19, 2012 for the PL Floating Rate Income Fund and July&nbsp;1, 2012 for all other funds, as supplemented December&nbsp;19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"></p> <p align="center" style=" margin-top: 24px; margin-bottom: 0px;"><b><u>Disclosure Changes to the&nbsp;</u></b><b><u>Fund Summaries</u></b><b><u>&nbsp;section</u></b></p> <p style=" margin-top: 12px; margin-bottom: 0px; padding-bottom: 0px;">The existing Redemption Risk is deleted from the&nbsp;Principal risks&nbsp;subsections and replaced with the risk information below for the following funds:&nbsp;<b>PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL&nbsp;Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street<sup style="vertical-align: baseline; position: relative; bottom: 0.8ex;">&#174;</sup>&nbsp;Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL&nbsp;Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL&nbsp;International Value Fund:</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;"><b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>SUPPLEMENT DATED DECEMBER 28, 2012</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>AND JULY 1, 2012 FOR ALL OTHER FUNDS</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;">This supplement revises the Pacific Life Funds Class P Shares prospectus dated December&nbsp;19, 2012 for the PL Floating Rate Income Fund and July&nbsp;1, 2012 for all other funds, as supplemented December&nbsp;19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"></p> <p align="center" style=" margin-top: 24px; margin-bottom: 0px;"><b><u>Disclosure Changes to the&nbsp;</u></b><b><u>Fund Summaries</u></b><b><u>&nbsp;section</u></b></p> <p style=" margin-top: 12px; margin-bottom: 0px; padding-bottom: 0px;">The existing Redemption Risk is deleted from the&nbsp;Principal risks&nbsp;subsections and replaced with the risk information below for the following funds:&nbsp;<b>PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL&nbsp;Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street<sup style="vertical-align: baseline; position: relative; bottom: 0.8ex;">&#174;</sup>&nbsp;Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL&nbsp;Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL&nbsp;International Value Fund:</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;"><b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>SUPPLEMENT DATED DECEMBER 28, 2012</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND</b></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"><b>AND JULY 1, 2012 FOR ALL OTHER FUNDS</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;">This supplement revises the Pacific Life Funds Class P Shares prospectus dated December&nbsp;19, 2012 for the PL Floating Rate Income Fund and July&nbsp;1, 2012 for all other funds, as supplemented December&nbsp;19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.</p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px; "></p> <p align="center" style=" margin-top: 0px; margin-bottom: 0px;"></p> <p align="center" style=" margin-top: 24px; margin-bottom: 0px;"><b><u>Disclosure Changes to the&nbsp;</u></b><b><u>Fund Summaries</u></b><b><u>&nbsp;section</u></b></p> <p style=" margin-top: 12px; margin-bottom: 0px; padding-bottom: 0px;">The existing Redemption Risk is deleted from the&nbsp;Principal risks&nbsp;subsections and replaced with the risk information below for the following funds:&nbsp;<b>PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL&nbsp;Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street<sup style="vertical-align: baseline; position: relative; bottom: 0.8ex;">&#174;</sup>&nbsp;Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL&nbsp;Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL&nbsp;International Value Fund:</b></p> <p style=" margin-top: 12px; margin-bottom: 0px;"><b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.</p> <b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance. <b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance. <b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance. <b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance. <b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance. <b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance. <b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance. <b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance. <b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance. <b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance. <b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance. <b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance. <b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance. <b>Redemption Risk:&nbsp;</b>Because the fund may serve as an Underlying Fund of a &#8220;fund of funds&#8221; of Pacific Life Funds (such as the PL&nbsp;Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance. 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SUPPLEMENT DATED DECEMBER 28, 2012

TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES

DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND

AND JULY 1, 2012 FOR ALL OTHER FUNDS

This supplement revises the Pacific Life Funds Class P Shares prospectus dated December 19, 2012 for the PL Floating Rate Income Fund and July 1, 2012 for all other funds, as supplemented December 19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.

Disclosure Changes to the Fund Summaries section

The existing Redemption Risk is deleted from the Principal risks subsections and replaced with the risk information below for the following funds: PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street® Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL International Value Fund:

Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.

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XML 14 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName PACIFIC LIFE FUNDS
Prospectus Date rr_ProspectusDate Dec. 28, 2012
Supplement [Text Block] plf6_SupplementTextBlock

SUPPLEMENT DATED DECEMBER 28, 2012

TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES

DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND

AND JULY 1, 2012 FOR ALL OTHER FUNDS

This supplement revises the Pacific Life Funds Class P Shares prospectus dated December 19, 2012 for the PL Floating Rate Income Fund and July 1, 2012 for all other funds, as supplemented December 19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.

Disclosure Changes to the Fund Summaries section

The existing Redemption Risk is deleted from the Principal risks subsections and replaced with the risk information below for the following funds: PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street® Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL International Value Fund:

Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.

PL MANAGED BOND FUND
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] plf6_SupplementTextBlock

SUPPLEMENT DATED DECEMBER 28, 2012

TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES

DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND

AND JULY 1, 2012 FOR ALL OTHER FUNDS

This supplement revises the Pacific Life Funds Class P Shares prospectus dated December 19, 2012 for the PL Floating Rate Income Fund and July 1, 2012 for all other funds, as supplemented December 19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.

Disclosure Changes to the Fund Summaries section

The existing Redemption Risk is deleted from the Principal risks subsections and replaced with the risk information below for the following funds: PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street® Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL International Value Fund:

Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.
PL SHORT DURATION BOND FUND
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] plf6_SupplementTextBlock

SUPPLEMENT DATED DECEMBER 28, 2012

TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES

DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND

AND JULY 1, 2012 FOR ALL OTHER FUNDS

This supplement revises the Pacific Life Funds Class P Shares prospectus dated December 19, 2012 for the PL Floating Rate Income Fund and July 1, 2012 for all other funds, as supplemented December 19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.

Disclosure Changes to the Fund Summaries section

The existing Redemption Risk is deleted from the Principal risks subsections and replaced with the risk information below for the following funds: PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street® Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL International Value Fund:

Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.
PL COMSTOCK FUND
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] plf6_SupplementTextBlock

SUPPLEMENT DATED DECEMBER 28, 2012

TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES

DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND

AND JULY 1, 2012 FOR ALL OTHER FUNDS

This supplement revises the Pacific Life Funds Class P Shares prospectus dated December 19, 2012 for the PL Floating Rate Income Fund and July 1, 2012 for all other funds, as supplemented December 19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.

Disclosure Changes to the Fund Summaries section

The existing Redemption Risk is deleted from the Principal risks subsections and replaced with the risk information below for the following funds: PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street® Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL International Value Fund:

Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.
PL GROWTH LT FUND
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] plf6_SupplementTextBlock

SUPPLEMENT DATED DECEMBER 28, 2012

TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES

DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND

AND JULY 1, 2012 FOR ALL OTHER FUNDS

This supplement revises the Pacific Life Funds Class P Shares prospectus dated December 19, 2012 for the PL Floating Rate Income Fund and July 1, 2012 for all other funds, as supplemented December 19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.

Disclosure Changes to the Fund Summaries section

The existing Redemption Risk is deleted from the Principal risks subsections and replaced with the risk information below for the following funds: PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street® Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL International Value Fund:

Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.
PL LARGE-CAP GROWTH FUND
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] plf6_SupplementTextBlock

SUPPLEMENT DATED DECEMBER 28, 2012

TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES

DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND

AND JULY 1, 2012 FOR ALL OTHER FUNDS

This supplement revises the Pacific Life Funds Class P Shares prospectus dated December 19, 2012 for the PL Floating Rate Income Fund and July 1, 2012 for all other funds, as supplemented December 19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.

Disclosure Changes to the Fund Summaries section

The existing Redemption Risk is deleted from the Principal risks subsections and replaced with the risk information below for the following funds: PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street® Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL International Value Fund:

Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.
PL LARGE-CAP VALUE FUND
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] plf6_SupplementTextBlock

SUPPLEMENT DATED DECEMBER 28, 2012

TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES

DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND

AND JULY 1, 2012 FOR ALL OTHER FUNDS

This supplement revises the Pacific Life Funds Class P Shares prospectus dated December 19, 2012 for the PL Floating Rate Income Fund and July 1, 2012 for all other funds, as supplemented December 19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.

Disclosure Changes to the Fund Summaries section

The existing Redemption Risk is deleted from the Principal risks subsections and replaced with the risk information below for the following funds: PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street® Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL International Value Fund:

Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.
PL MAIN STREET CORE FUND
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] plf6_SupplementTextBlock

SUPPLEMENT DATED DECEMBER 28, 2012

TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES

DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND

AND JULY 1, 2012 FOR ALL OTHER FUNDS

This supplement revises the Pacific Life Funds Class P Shares prospectus dated December 19, 2012 for the PL Floating Rate Income Fund and July 1, 2012 for all other funds, as supplemented December 19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.

Disclosure Changes to the Fund Summaries section

The existing Redemption Risk is deleted from the Principal risks subsections and replaced with the risk information below for the following funds: PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street® Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL International Value Fund:

Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.
PL MID-CAP EQUITY FUND
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] plf6_SupplementTextBlock

SUPPLEMENT DATED DECEMBER 28, 2012

TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES

DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND

AND JULY 1, 2012 FOR ALL OTHER FUNDS

This supplement revises the Pacific Life Funds Class P Shares prospectus dated December 19, 2012 for the PL Floating Rate Income Fund and July 1, 2012 for all other funds, as supplemented December 19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.

Disclosure Changes to the Fund Summaries section

The existing Redemption Risk is deleted from the Principal risks subsections and replaced with the risk information below for the following funds: PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street® Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL International Value Fund:

Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.
PL MID-CAP GROWTH FUND
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] plf6_SupplementTextBlock

SUPPLEMENT DATED DECEMBER 28, 2012

TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES

DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND

AND JULY 1, 2012 FOR ALL OTHER FUNDS

This supplement revises the Pacific Life Funds Class P Shares prospectus dated December 19, 2012 for the PL Floating Rate Income Fund and July 1, 2012 for all other funds, as supplemented December 19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.

Disclosure Changes to the Fund Summaries section

The existing Redemption Risk is deleted from the Principal risks subsections and replaced with the risk information below for the following funds: PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street® Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL International Value Fund:

Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.
PL SMALL-CAP GROWTH FUND
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] plf6_SupplementTextBlock

SUPPLEMENT DATED DECEMBER 28, 2012

TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES

DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND

AND JULY 1, 2012 FOR ALL OTHER FUNDS

This supplement revises the Pacific Life Funds Class P Shares prospectus dated December 19, 2012 for the PL Floating Rate Income Fund and July 1, 2012 for all other funds, as supplemented December 19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.

Disclosure Changes to the Fund Summaries section

The existing Redemption Risk is deleted from the Principal risks subsections and replaced with the risk information below for the following funds: PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street® Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL International Value Fund:

Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.
PL Small-Cap Value Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] plf6_SupplementTextBlock

SUPPLEMENT DATED DECEMBER 28, 2012

TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES

DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND

AND JULY 1, 2012 FOR ALL OTHER FUNDS

This supplement revises the Pacific Life Funds Class P Shares prospectus dated December 19, 2012 for the PL Floating Rate Income Fund and July 1, 2012 for all other funds, as supplemented December 19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.

Disclosure Changes to the Fund Summaries section

The existing Redemption Risk is deleted from the Principal risks subsections and replaced with the risk information below for the following funds: PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street® Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL International Value Fund:

Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.
PL EMERGING MARKETS FUND
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] plf6_SupplementTextBlock

SUPPLEMENT DATED DECEMBER 28, 2012

TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES

DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND

AND JULY 1, 2012 FOR ALL OTHER FUNDS

This supplement revises the Pacific Life Funds Class P Shares prospectus dated December 19, 2012 for the PL Floating Rate Income Fund and July 1, 2012 for all other funds, as supplemented December 19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.

Disclosure Changes to the Fund Summaries section

The existing Redemption Risk is deleted from the Principal risks subsections and replaced with the risk information below for the following funds: PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street® Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL International Value Fund:

Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.
PL INTERNATIONAL LARGE-CAP FUND
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] plf6_SupplementTextBlock

SUPPLEMENT DATED DECEMBER 28, 2012

TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES

DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND

AND JULY 1, 2012 FOR ALL OTHER FUNDS

This supplement revises the Pacific Life Funds Class P Shares prospectus dated December 19, 2012 for the PL Floating Rate Income Fund and July 1, 2012 for all other funds, as supplemented December 19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.

Disclosure Changes to the Fund Summaries section

The existing Redemption Risk is deleted from the Principal risks subsections and replaced with the risk information below for the following funds: PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street® Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL International Value Fund:

Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.
PL INTERNATIONAL VALUE FUND
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] plf6_SupplementTextBlock

SUPPLEMENT DATED DECEMBER 28, 2012

TO THE PROSPECTUS FOR PACIFIC LIFE FUNDS CLASS P SHARES

DATED DECEMBER 19, 2012 FOR THE PL FLOATING RATE INCOME FUND

AND JULY 1, 2012 FOR ALL OTHER FUNDS

This supplement revises the Pacific Life Funds Class P Shares prospectus dated December 19, 2012 for the PL Floating Rate Income Fund and July 1, 2012 for all other funds, as supplemented December 19, 2012 (Prospectus), and must be preceded or accompanied by the Prospectus. The changes within this supplement are effective as of the date of the supplement. Remember to review the Prospectus for other important information.

Disclosure Changes to the Fund Summaries section

The existing Redemption Risk is deleted from the Principal risks subsections and replaced with the risk information below for the following funds: PL Managed Bond Fund, PL Short Duration Bond Fund, PL Comstock Fund, PL Growth LT Fund, PL Large-Cap Growth Fund, PL Large-Cap Value Fund, PL Main Street® Core Fund, PL Mid-Cap Equity Fund, PL Mid-Cap Growth Fund, PL Small-Cap Growth Fund, PL Small-Cap Value Fund, PL Emerging Markets Fund, PL International Large-Cap Fund and PL International Value Fund:

Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Redemption Risk: Because the fund may serve as an Underlying Fund of a “fund of funds” of Pacific Life Funds (such as the PL Portfolio Optimization Funds) and thus a significant percentage of its outstanding shares may be held by the fund of funds, a change in asset allocation by a fund of funds could result in large redemptions out of the fund, causing potential increases in expenses to the fund and sale of securities in a short timeframe, both of which could negatively impact performance.
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