Income and Equity Fund
Fund Objective

MODERATELY CONSERVATIVE investors seeking CURRENT INCOME and CAPITAL APPRECIATION may wish to consider this Fund. Investments are primarily in investment grade fixed income securities of U.S. corporations. This Fund also invests a limited amount in high-quality, dividend paying common stocks with strong, long-term appreciation potential.


Fund Manager
Thomas H. Hanson

Back to the top

Risk Profile
Most Conservative Most Aggressive 

Investment Style
  • Low to moderately low-risk investments 
  • Managed for total return using fixed income securities and equities 
  • Includes some equity exposure for inflation hedge
Investor Profile
  • Conservative investor 
  • Some current income required 
  • Seeks inflation hedge
  • Long-term capital appreciation aim
Back to the top

Class C Shares

Portfolio
As of 9/30/2008

Investment Mix

1)
Corporate Bonds 49.28%
2)
Common Stock 29.30%
3)
U.S. Government Securities 11.20%
4)
Preferred Stock 5.96%
5)
Cash and Cash Equivalents 4.26%
Total Net Assets
$5.17 Million

Top 10 Equity Positions
GENERAL ELECTRIC CO. 3.15%
FRONTIER COMMUNICATIONS CORP. 2.84%
JOHNSON & JOHNSON 2.57%
PROCTER & GAMBLE CO. 2.15%
BANK OF AMERICA CORP. 1.73%
MICROSOFT CORP. 1.65%
MARATHON OIL CORP. 1.48%
APACHE CORP. 1.29%
PFIZER INC. 1.14%
GLAXOSMITHKLINE PLC 1.07%

The Fund's portfolio is subject to change.

Beta
0.27% vs. S&P 500 Index 1

Average Maturity
3.5 years


Back to the top

Performance
As of 9/30/2008

Average Annual Returns YTD * 1 YR 3 YR 5 YR 10 YR Since
Inception
Without CDSC
 (11.04%) (11.99%) (1.50%) 0.06% 1.08% 1.40%
With CDSC
 (11.93%) (12.87%) (1.50%) 0.06% 1.08% 1.40%



Calendar Year Total Returns
Without CDSC
1999 2000 2001 2002 2003 2004 2005 2006 2007 9/30/2008 *
(0.02%) 4.32% 1.81% (1.60%) 5.88% 2.74% (0.67%) 6.40% 1.63% (11.04%)


* Not annualized
Back to the top

Fund Facts Portfolio Income
Inception Date 4/1/1998 Dividend payments Quarterly
Ticker PIECX Capital Gains Payments Annually
CUSIP 694336603 YTD Distributions $0.0540 / Share
Minimum Investment 2 $10,000
Maximum Sales Charge None**
Expense Ratio 3 3.32%
Expense Ratio with waived fees 3 2.70%

** A1% contingent deferred sales charge (CDSC) will be charged if shares are redeemed within one year of purchase.
Back to the top
1"Beta" measures volatility relative to the stock market or an alternative banchmark. The Standard & Poor's 500 Index is an unmanaged market capitalization weighted measure of 500 widely held common stocks listed on the New York Stock Exchange, American Stock Exchange and The NASDAQ Stock Exchange. The S&P 500 Index is not available for direct investment.

2The minimum initial investment applies to non-qualified plan accounts. The minimum initial investment for qualified plan accounts is $500. The minimum additional investment for non-qualified plan accounts and qualified plan accounts is $500. The minimum for additional investments made under an Automatic Investment Plan (AIP) is $100. There are no minimum investment requirements for employer sponsored plan accounts. We reserve the right to waive the minimum requirements at our discretion. Please see the prospectus for more details.

3Fund expenses are for the fiscal year 12/31/07. The investment adviser is waiving a portion of its management fees for the Fund. Expense ratios shown reflect the waiver, without which they would have been higher. The waivers may be discontinued at any time with 90 days written notice in consultation with the Fund's Board, but are expected to continue at their current level. Please see the Fund’s most recent Annual Report for more details. 

Performance quoted represents past performance and does not guarantee future results. Current performance may be higher or lower than performance quoted. Call (800) 989-6693 for current month-end performance. Performance figures represent the change in value over the periods shown and assume the reinvestment of dividends and capital gains at net asset value and after waivers. Performance has been restated to include the applicable CDSC, unless otherwise stated. Returns without the CDSC would be lower if the CDSC was included. The investment adviser is waiving a portion of its management fees for the Fund. Results shown reflect the waiver, without which the results would have been lower. Please see the Fund’s most recent Annual Report for more details. The principal value and return of an investment will fluctuate so that an investor’s shares may be worth less than the original cost when redeemed.
User Agreement     |      Privacy Policy
Contact Us    |     Security    |     Business Continuity    |    Site Map
Shares of the Pacific Advisors Funds (the “Funds”) are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks including the possible loss of the principal amount invested. For more information on the Funds, including objectives, risks, charges and expenses, please download the prospectus or call (800) 989-6693 to request a copy. Please read the prospectus carefully and consider the investment objectives, risks, charges, and expenses before investing. Pacific Advisors Funds are distributed by Pacific Global Fund Distributors, Inc. 101 N. Brand Blvd., Suite 1950, Glendale, CA 91203.

© Copyright 2008 Pacific Global Fund Distributors, Inc. All rights reserved.