Manager Profile This general information is provided by and used with the permission of this manager. It may not contain information about the Pacific Select Fund portfolios managed by this manager. Pacific Select Fund portfolios are available only through variable products. Janus Capital Group Janus managers construct portfolios and funds one company at a time and base stock selection on extensive proprietary research. In pursuit of an information edge, managers and analysts research products, visit company management teams, inspect sites and interview competitors, suppliers and consumers. Janus' analysts and managers place a primary focus on companies exhibiting positive and dynamic traits. These include companies with above average growth compared with their peer group or the general economy and companies that are realizing positive changes as a result of new product developments, a favorable regulatory environment or a shift in management. All Janus' managers have full autonomy to construct portfolios on a stock-by-stock basis. Where some equity managers first choose favorable sectors, then individual companies within those sectors, Janus' managers analyze and select individual companies. This "bottom-up" selection process is based on proprietary research that is conducted by an experienced staff of portfolio managers and securities analysts. Growth LT Objectives and Investments Long-term growth of capital through investment in equity securities of companies of any size. Benchmark    Russell 1000 Growth Index The Russell 1000 Growth Index is an index of large companies that have higher price-to-book ratios and forecasted growth values than the Russell 2000 Index. Results include reinvested dividends. Investment Style    Large-cap growth Based on information from Morningstar, Inc., 2008. Focused 30 Objectives and Investments Long-term growth of capital through investment in U.S. and foreign equity securities selected for their growth potential. Benchmark    Russell 1000 Growth Index The Russell 1000 Growth Index is an index of large companies that have higher price-to-book ratios and forecasted growth values than the Russell 2000 Index. Results include reinvested dividends. Investment Style    Large-cap growth Based on information from Morningstar, Inc., 2008. Sector and concentrated portfolios with fewer securities may be subject to greater price volatility.

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