UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
INVESTMENT COMPANY
Investment Company Act file number 811-10385
PACIFIC LIFE FUNDS
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(Exact name of registrant as specified in charter)
700 Newport Center Drive
P.O. Box 7500
NEWPORT BEACH, CA 92660
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(Address of principal executive offices) (Zip code)
Robin S. Yonis
Vice President and Investment Counsel of Pacific Life Insurance Company
700 Newport Center Drive
P.O. Box 9000
NEWPORT BEACH, CA 92660
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(Name and address of agent for service)
Registrant's telephone number, including area code: 949-219-6767
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Date of fiscal year end: MARCH 31
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Date of reporting period: JULY 1, 2005 - JUNE 30, 2006
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Form N-PX is to be used by a registered management investment company, other
than a small business investment company registered on Form N-5 (ss.ss. 239.24
and 274.5 of this chapter), to file reports with the Commission, not later than
August 31 of each year, containing the registrant's proxy voting record for the
most recent twelve-month period ended June 30, pursuant to section 30 of the
Investment Company Act of 1940 and rule 30b1-4 there under (17 CFR 270.30b1-4).
The Commission may use the information provided on Form N-PX in its regulatory,
disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-PX, and
the Commission will make this information public. A registrant is not required
to respond to the collection of information contained in Form N-PX unless the
Form displays a currently valid Office of Management and Budget ("OMB") control
number. Please direct comments concerning the accuracy of the information
collection burden estimate and any suggestions for reducing the burden to the
Secretary, Securities and Exchange Commission, 100 F Street, NE,
Washington, DC 20549. The OMB has reviewed this collection of
information under the clearance requirements of 44 U.S.C. ss. 3507.
EXPLANATORY NOTE
The purpose of this filing is to amend the proxy voting record of the Portfolio
Optimization Funds. The Registrant's remaining proxy voting records to this Form
N-PX are incorporated by reference to the Form N-PX filed on EDGAR on August 31,
2006 (Accession Number 0000935069-06-002489).
PROXY VOTING RECORD
FOR PERIOD JULY 1, 2005 TO JUNE 30, 2006
Portfolio Optimization Funds - Models A - E
The Portfolio Optimization Funds are five fund of funds within Pacific Funds
(the "Trust") that invest in the other individual funds of the Trust. The Trust
held a shareholder meeting on December 9, 2005, and the Portfolio Optimization
Funds, in their capacity as a shareholder, voted their shares in the same
proportion as the vote of all other shareholders with respect to each matter. In
particular, with respect to Proposal 1 (election of Trustees), the Portfolio
Optimization Funds voted in proportion to the vote of all other shareholders of
the Trust voting as a whole. With respect to Proposal 2 (amendment of investment
goal of PF Janus Growth LT Fund), the Portfolio Optimization Funds voted in
proportion to the vote of all other shareholders of the PF Janus Growth LT Fund.
The Trust's Board of Trustees had recommended that shareholders vote "FOR" each
proposal. Both proposals passed.
The shares were voted in the following percentages, in accordance with the
above:
PROPOSAL #1 FOR ALL SHAREHOLDERS OF PACIFIC FUNDS:
To elect four nominees to the Trust's Board of Trustees.
VOTES FOR VOTES WITHHELD
PERCENT PERCENT
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Frederick L. Blackmon 99.26% 0.74%
Gale K. Caruso 99.25% 0.74%
Nooruddin (Rudy) S. Veerjee 98.92% 1.08%
G. Thomas Willis 99.23% 0.77%
PROPOSAL #2 FOR ALL SHAREHOLDERS OF THE PF JANUS GROWTH LT FUND OF PACIFIC
FUNDS:
To change the investment goal of the PF Janus Growth LT Fund to seek long-term
growth of capital.
VOTES FOR VOTES AGAINST
PERCENT PERCENT
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PF Janus Growth LT Fund 99.36% 0.64%
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Registrant PACIFIC LIFE FUNDS
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By (Signature and Title)
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James T. Morris*
Title: President, Pacific Life Funds
*By: /S/ ROBIN S. YONIS
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Robin S. Yonis as attorney-in-fact pursuant
to power of attorney
previously filed.
Date: May 25, 2007