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. NFJ Investment Group L.P. Founded in 1989 Based in Dallas $33.8 billion in assets under management as of 12/31/06 NFJ has investment advisory responsibility for the Small-Cap Value Portfolio. NFJ is based in Dallas and was formed in 1989 by three of the current managing directors: Chris Najork, Ben Fischer and John Johnson. NFJ is a disciplined, value oriented equity manager specializing in a diversified, low P/E approach that selects stocks on a bottom-up basis. NFJ's deep value philosophy is solidly based on research that shows that portfolios with stocks of low P/Es that pay dividends have substantially outperformed market indices throughout all capitalization levels over extended periods. Small-Cap Value Objectives and Investments Long-term growth of capital through investment in equity securities of small companies believed to be undervalued. Benchmark    Russell 2000 Value Index The Russell 2000 Value Index is an index of companies that have lower price-to-book ratios and lower forecasted growth values than companies in the Russell 1000 Value Index. Results include reinvested dividends. Investment Style    Small-cap value Based on information from Morningstar, Inc., 2008. Small-cap, mid-cap, and emerging-growth company stocks may be riskier and more volatile than larger, more established company stocks.

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