POAAX : Pacific Funds Portfolio Optimization Conservative Fund Class A

Fund Summary

The investment seeks current income and preservation of capital. The fund is a "fund of funds" that seeks to achieve its investment goal by investing in other funds of the Trust (the "underlying funds"). The fund's exposure to the debt is expected to be within 70-85%; the fund's exposure to the equity is expected to be within 15-30%. It may invest a significant portion of its assets in any single underlying fund. The advisor expects to be as fully invested as practical, although it may maintain liquidity reserves to meet redemption requests.