Pacific Life Insurance Company of Newport, Calif. is adding 12 mutual funds to its line up of life insurance and annuity products, according to a preliminary proxy statement filed with the Securities and Exchange Commission last week.

The new funds will be clones of variable annuity portfolios offered by Pacific Life and run by the existing sub-advisers. The funds cover a spectrum of investment styles including value, aggressive growth and include a bond and money market fund, according to the filing.

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