Another release, entitled, "Pacific Funds Adds to Its Fixed-​Income Lineup with the Launch of Pacific Funds Ultra Short Income," tells us, "Pacific Funds expanded its lineup of fixed-​income products recently with the launch of Pacific Funds Ultra Short Income designed to seek income, preserve capital and protect against interest-​rate volatility. Pacific Funds Ultra Short Income is actively managed by Pacific Asset Management (​PAM), the sub-​advisor for Pacific Funds' five other fixed-​income funds." Dominic Nolan, senior managing director for Pacific Asset Management, comments, "Given the uncertain interest-​rate environment, ultra-​short funds have become an increasingly popular strategy for investors. Our new Pacific Funds ultra-​short product seeks to provide more yield than typical money-​market funds in exchange for a small amount of incremental risk. We believe our experience and expertise in capturing corporate credit opportunities will add value." The release adds, "The new fund falls under Morningstar'​s ultra-​short bond category, which in 2018 experienced a 32% increase in net inflows over the prior year." Finally, Kevin Byrne, CEO of Pacific Global Asset Management, says, "We added the Pacific Funds Ultra Short Income fund to meet our clients' needs. This ultra-​short offering is a timely complement to our existing family of fixed-​income funds."

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