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. Bios J. Chris Najork, CFA Managing Director Mr. Najork was a founding partner of NFJ in 1989. He has over 30 years experience encompassing equity research and portfolio management. He has a BA and MBA from Southern Methodist University. Benno J. Fischer, CFA Managing Director Mr. Fischer was a founding partner of NFJ in 1989. He has over 30 years experience in portfolio management, investment analysis and research. He has a BA and JD from Oklahoma University and an MBA from New York University. Paul A. Magnuson Principal Mr. Magnuson has been a portfolio manager with NFJ since 1992 and has over 17 years experience in equity analysis and portfolio management. He has a BBA from University of Nebraska. E. Clifton Hoover, CFA Portfolio Manager Mr. Hoover has been with NFJ since 1997 and has over 17 years experience in financial analysis and portfolio management. He has a BBA and MBA from Texas Tech University. 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.

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